Newspaper Page Text
BUSINESS OK CURB UNUSUALLY ACTIVE Outside Market Forced to Closo Enrly Because of Pcaco Enthusiasm. STANDARD OIL STOCKS UP Industrial List Displays Strong Tone War Shares Under Pressure. Around mlddny the unconfirmed re rorti thn.t an arniUttc had been slpnod vi ith the Gcrmnn delegates was received u!th wild enthusiasm By curb brokers n'nd there was active bidding for the peace stocks, while the war shares wero under pressure. Although demonitra Hons hindered trading somewhat, busi ness was on the most active scale for some time and commission houses did nn active business In both war and peace Issues. Huslness stopped at 3 '.SO. o'clock. The better grade peace 'Issue's were the mo.t prominent In the afternoon part of tho nesslon. Standard Oil stocks advanced sharply on the active demand. A gain 'of 68" points was recorded In Standard Oil of Indiana and advances in proportion were recorded In the other slocks In the group. In the Independent oils section Midwest Refining made a Jatc advance of 4 points. The war stocks, which opened higher, reacted sharply and sold back to tho low levels established In the trading on Wednesday. In the Industrial list tho motors displayed a strong tone. United rising to a new high for the current ear, .while nn advance of more than 10 points was shown In Chevrolet. Cities Berlvce common and preferred shares made substantial advances. Bonds were strong, especlalry In the last hour. Canadian Government se curities featured the list, rising sub stantially. American Tobacco serial notes moved (to new high levels' and Russian Government externals rose more than a point. Total sales and'range of prices follow : INDUSTRIALS. ' Silas. Hlfh. Low. Last. Clite. 3700 Aetna Kxplosliea. 1 4H H H 11700 Am Marconi li 4H 14 t tXO Brit-Am T new.. 22 23 Jl'i 4- too nana Iiroi Ice.... i 500 Car Light 1 3 inerroiet Motors. .isuyi 239 Cities Herrlce 31 30 Cities Service pf. 7414 ltni Curtlia Afro 23 43$ Emeraon rnono... 49 150H 2S7 rr 20 244 . & It 44 tt 3) 3 4tt 1 at 8 iM Mi "ft "ft 4U 14 , it SUN, FRIDAY, NOVEMBER ' 8, 1918, - - - -z-r -r-rr - -j -i w-tf . , ; ' rv - e VEMBER' 8. 1918, . . 11 ' INTERB0E0UQH NOTES SOLD. 933,400,000 a Yp T Par Cent. Isaac Disposed Ot nt OS 1-3. All of the $38,400,000 three-year 7 per cent convertible. .e .- Urborough Rapid Transit Company. 7a. f wre ofterl 'or subscription at V4 a few weeks ago, have been sold, according to n statement Issued yester- aJ'. A notice was Sent tn svr.rlli-.t Participants by J. P. Morgan & Co. as nead of the syndicate announcing that all membera nf th vn.n.n lleved from all liability In mnn.iiinn with the underwriting. The bankers permit syndicate mem bers to put In 'subscriptions up to 10 A. M. Monday covering nnv in , may have under way tor themselves or their customers. Subscriptions of this cahracter, however, will be subieet tn allotment. RAW COTTON PRICES WILL NOT BE FIXED Committee Says Such Action Is Unnecessary and Im , practicable. i't 4 17 II 1 i;o iM ,250 J3 8 4J 4414 J 715 740 -t-SS 2S4 23! . US CX 25 OILS. 2t S tt 4 A 22 I '.4 144 iS 8 4 4 44 3 41 i; &s fs '! 10 24 i 3 E! H $b 3 49 4 85 n?i 4 El 9 31 43 11 44 '.4 h 2 !t 1H i TiA - !i 1 iron Hupp Moton 4H ltuu orui Am inup... i 100 IUlc Kqulp 12H ' S00 Smith Mo Truck.. 7-14 2S0O Submarine Utat.. 12 200 Trlaiutla Film H Uua V s Ktesjashlp..,. SV SKO United Motor.... 23 1200 Warne Coal Hi WOO Wrlfbl-Marlln 44 STANDARD OILS tt Antlo-American.. fS 10 Illinois Pipe Line.170 to Ohio Oil S2S 1(10 Pemi Nex Fuel.. 41 11SO Indiana 740 MS X O Sew York.. .252 25 S O New Jrrser.flO INDEPENDENT OILS. (V) Atlantic Pet 1 400 Burnett O A O.. WJ 6-lt t-l( 1-1 2100 COMfll & CO 7Vl Ti 7' U0 Elk nann IVt (V 00 Esmeralda Oil...f 4 4 4 ltoo'rderal Oil ISi 2H 2. UOO Glrnrock Oil IS 24 2S W) Houston Oil 7S Ti 77 13J0 Inter 1 Virol 14 12U 14VI l'-0 Island Oil Tr. 3S v 2S 1000 Kenora Oil t 12 12 12 1CO0 Mrrntt Oil 24H 23V4 UK two Metropolitsn Pet. IHr-'IS Ul I2M Midwest Ret 1JS 131 in UH Northweal'n Oil. H U S3 0M Oklahoma 1' & K 10 4 8Ji ii nojai uuicn new i U Bapulpa O A H.. "S 2400 Stuuorah O A it. S l'WO Sinclair Cult .... 22 SWO Stanton Oil 14 KMTjxm Co rts .... !ti jiVIHorta Oil 24 MINING. M0 A D O irctals...t 45 loo Atlanta t t lioolilr Lcdce Cop... if ;oi) llootli Mill t 4 3K00 lloiton A Mout..t 47 . S5M Caledonia t 44 4l(i0 Cal A Jerome A 1?) Canaila Copper... 2 iow Canilalarla Mtn..t 47 TOO Cons Artiona l"i 500 Com Cop Mines., r. S4o rrrston Gold IS irao First Nat Coo... 21 MOO Oolil Cons t 1 too Gold Korente ..t 10 ion Gold Kruanas .t loo Gold Merter .t 2 1000 Gold 811 l'ick...t 2 1?W Great liend t 3 600 Ttattle Oold .f 51 fSOJIeela Wlnlnj i4 WH) Jumbo Exten t, 3C00 Marsh JIInlnr...t s 1000 Motherlode t 40 too mnhwlode new.. 4 2000 Ntion, Nfrada....t S7 1000 North Star t lli 200 Ohio Copper ncw..U-15 40 nar Hercales 4 1000 Kez C-ons t iota. Rochester Mlnes.t 23 4000 San for t 9 ua Stand SUt Lead.t 21 700 Silver K of Arlx.t 47 500 Socctss M1nlnr...t 11 100 Tonen CashboT...t 4U MO TonoD Extension..! 7-16 1 7-15 1 7-1 1000 Tono Jim Bntler.t 47 47 47 1 IMO Tonop lies Kula.t 8 2 1K0 United Eastern.... 4'4 4U 4H -t-1 200 West End Coai...l l-l 1 1-18 1 1-U .. 11000 White Caps t It 13 It f 1 BONDS. UTOOft Am T 7 n w 1...100H 100V4 100i 1000 Am T 7a '20 w 1.. .100 lMi 100!i ROOT Am T 7i "21 W I. ..101 100 101 90Ol Am T 7s '22 w I...101 101H 102 IIIXOO Am T7 '23 w 1...10I 105 IOCS 7000 Armour U '.... 94 SS 3009 Armour '24.... SS! mi M IW0 Beth 811 7a '23.. .,100 100 100 7KKV)Can Got (a '!.... M 7 H'ti Vftx Cudahr P 7a 'M..100H loot, loot, 7'0 Fed V Lean U.104T, 10IS 104Ti 1600 Oen Elee (a 'W..10O 100 loo 'Cpv Inter R T 7 stt WH 9S4 ::i Russian Got 64a. 75 7J',i 74 t'fmo Russian Gov 5Ss. 70 CS 79 lu u 8 Rub 7s w I...101VS 101 101 4 45 . 43 4 HI 44 14 IS 54 :il is 10 24 3 1 a t4 S 3 40 64 f 31 9 SI 43 11 44 1 2 1 A - 4 2 1 H -'4 1 1 fl Washington, Nov. 7. fixing of prices of raw cotton' la unnecessary and Im practicable President Wilson will be told by tho cotton Investigating- committee of the War Industries Board. This an nouncement was made to-night by Dr. Thomas W. Page, chairman of the com mittee. The committee's conclusion, r)r,4age' Mid, was bated on tho fact that there Is no prospective shortage of rbtton and the belief that the cotton distribution committee can secure a proportionate marketing- of the layer as well as the higher grades of cotton more effectively by other methods. Continuance of the work of thin committee Is recommended. Pr. Pace's statement was said to em body the essential points of the report, which the committee will present soon to the Tresldent It said that there would be no way of enforcing a fixed price except through "tho readiness of the Oovernmcnt to purchase" tho entire cotton crop. This, tho statement continued, would Involve the closing of cotton exchanges, while merchants, bankers and other In termediaries would be seriously affected and many probably put entirely out of business. The establishment at great coat or a uovernment rystem of lnspec Hon and certification also would be nec essary, Itfwas said. If price fixing were COTTON PRICES ERRATIC. Fluetnnte About fS a Hale Armistice It am or. There were very excited and erratic fluctuations of approximately SS a bale In the cotton market yesterday. After selling at 29.40 early, January broke to J7.90, rallied to 29.20 and closed at 28.78, with the freneral list closing steady at a net decline of 1 to 45 points. The midday rally came very quickly after reports reached the ring that Qer maYiy had signed the armistice and for a time during the middle of the after noon business was virtually suspended, while brokers devoted their attention to celebrating, pending confirmation of the reports. This was not forthcoming and later advices from Washington denying that the 'armistice had been signed wero followed by reactions, although there was evidently a feeling around the ring that Germany's submission was only a matter of hours. Wc4ne. Close, dsjr. CHICAGO GRAIN HT WILD OVER RUMOR i Pjiccs PJungo Downward About G Cents a Bushel on War News. REACTION COMES LATER 1 Severe Losses to Traders Re sult Both on Break and Sub sequent Rise. Chicaoo, Nov. 7. False reports that Germany had already signed an armls tlco brought nbout a snvago whlpsaw market to-day In' Hie corn trade. After prices had plunged downward about 8 cents a bushel a violent upturn ensued and tho close was wild, 3H cents net tower to 1'4 tvdvnnce,' with December 1.2 to 1.22 and January 1.23H to 1.24. Oats finished unchanged to Vi cent lower; The outcome In provisions was an advanco ranging from 10 cents to J2.C0. Ilefore the armistice canard put the corn market Into a whirl prices had re acted moderately from yesterday's sen sational advance and were steadying while evidence wan awaited that genu lnwbasts existed for current tilk that n(iySoxports would soon be greatly en lattSp. Suddenly a big selling drive developed and word went around that the armistice had actually been signed. Especially' for small dealers there w,as no chance to stop for Inquiry and many holdings had to be sacrificed on tho rapid descent- of values. The lack of any confirmation of the armistice signing finally became too apparent, though, for even tho most radical bears and the result was a complete chango of sentiment. As the session came to nn end prices shot straight for the zenith. Severe losses to traders therefore re sulted both on the break and the sub sequent tumultuous advance. During the earlier part of the hubbub peuce en thusiasts Indulged In a prematura cele bration and added to tho confusion by propelling grain samples and flags over and among the hundreds of excited brokers In the pits. Oats swayed with corn, but within a narrower range. Provisions were relatively Inactive and dosed at tho topmost quotations reached on the ovcrhaaty peace bulge. With tho coming of peace the United Ktntes and allied Governments are con fronted with the colossal undertaking of feeding a largo part of Europe. It was reported that the Food Administration In conjunction, with similar .organisations ibroad Is now working on a plan for the most equitable distribution of re quired foodstuffs. It was said that a survey of the wheat supply of tho world has revealed the fact that thero lsln reality a surplus an-" the main problem Is to move It from the producing countries to where It Is most needed. Apparently tho plan now under consideration Includes the using of the Austrian .fleet for moving wheat from Australia and India, i It la expected that arrangements will also bo made for drawing on the big supply In the Argen tine. America, however, still stands as the main source of supply on account of the more advantageous poiritlon In ro gnrd to transportation and huge exports nrc anticipated. At the same tlmo ad vices from Washington said that by the first of January tho use of substitute flours will doubtless be' very much re duced both here and In Europe. rORN Market was the aeena of great excitement owlnr tn reports that the tier man representatives had signed the armls tiro on tha Western front and that hostili ties had ceased The trade was at some what of a loss to know how to eonatru the newa, and throughout tho day price changes were quick and feverish both ways, the close being 3 4c. lower to 14c. net higher. In local cash market No. 3 yellow was quoted at 11. N'o- I yellow, 11.44, cost and freight New York. OATS Ixiesl cash market steady: stand ard quoted at 794910c.: No. 3 white. 739 714c No. 4 white. 7l47c: ordinary clipped white, 70OI0r ail elevator. ItVE Market steady: No. 2 Western, 11.77, elevator export. nltl,KV Market Arm: feeding. 11.01: milling. 51 ii. cost ana rreigni New lorn. HAY Market steady: No. 1. 11.10 O 1.13; No. 2. fl.6SCrl.7S; Nn. 3, I1.SS&1.C0. CHICAOO PRICEH. IVednea- hYB Oneu. High. Iw. rioe. day. No ember 1(3 icj 12 ltt 1C4 Deivmlier 1414 1(14 iKV, H". K.IV January 1M lMSi 1C4 1M4 UV. CORN . - November 130 174 114 120 1S4 tin ember 1104 1134 11S4 1114 1114 Jsnuirr HI Ul 1114 H 1K4 OAT8 November 714 73 714 72 714 December 704 71 (14 704 704 Jsmui-T 70 70V UK 704 T04 LAUD November M.7S 76.75 56.65 H.HI 26.60 January UM St.fO S.S0 24. W 1S.07 HIU5 November ft.00 11.10 23.00 23.10 23. CO Januarr 33.03 34. IS 31.17 21. IS 21.07 l-OKK , November S.t 16.10 S3.M 36.60 .0 January 41.26 44, St 41.33 4 4.SO 42.00 INTERIOR. RECEIPTS. Wheat. Corn. Oats. Thursday 2,X,000 774.000 K1.000 Last week 1.664,0ft) 6VL000 1.1M.CV) Last year l.tM.000 314.000 1.097,000 SEABOARD CLEARANCES. ' Flour. Wheat. Com. Thursday 2,000 l.000 Last week SI .00) Last 'year., 173.000 :i,00p Sew High for Texas and PnolOr. Tcxasfand Pacific Railway Company on sales ot more than 6,000 shares made a new high record yesterday at z4. This road has a connection with the National Railways of Mexico at Kl !a;o and railroad experts say that It would benefit to a large degreo from a resump tion ot active business betwoen this country and Mexico. The Government's guarantee on this road's stock. It Is es timated will run between 3 '.4 per cent and 4 per cent, a year. Jn addition the road In Us other Income expects to In clude profits from oil exploration. The road runs from Now Orleans across the northern part of Tcxos and taps the new oil fields that urc being dlFcovered In that' region, Of course the railroad could drill for oil along Its right of way through the ranger field and It Is un derstood that Its board of directors con templates oil exploration. fUuclalr Oil's Quarterly Report Stockholders In the Sinclair Oil And Refining Corporation wero pleased with the announcement that for the quarter ended September 30 last net earnings from operations were $4,761,709, com pared with 14.407.661 In the June quar ter and 11,985,440 for tho three months ended March 31 last. After allowing for Federal taxes and proposed Increaees tn taxation under new legislation ns well us fixed charges, depreciation, &c, there was a surplus of S2.418.S42, com pared with 12,487,649 In the Juno quar ter and 1661,268 for the three months 1'irloJ ended March 31, l'.US. f MISCELLANEOUS MARKETS V i SHORT TERM NOTES. Illth. Low. 4 i 4 h n 4 1 : ', iTiella cents a share. 'Odd lot. Dank of ISnirland Statement.. TyONnov, Nov. 7. The weekly state ment of the Bank ot England shows the following changes: Total reserve !--cn-asuMl (353,000 ; circulation Increased 406.000 ; bullion Increased f 143,275; other stcurltles decreased 226.000; pub lic deposits Increased 2,142,000; other dtposlu decreased 2,531,000; notes re rervo decreased 270,000"; Government securities Increased 113,000. The proportion of the bank's reserve tn liability this week Is 17.07 per cent; lart week It was 17.23 per cent. Rate of dlboount 6 per cent. Kioto ot prices Open .oTpmncr. .. December... 5.0 SO.10 Jsnusry 21.33 9.40 Fehmery , Marrn SS.fO 2I.N April Mar M.S0 July 3S.2J Avrust September... 37.29 October 23 50 Spot cotton. 31.2$, COTTON STATISTICS. Lst Tuursdsy. wtek. Tort receipt 17.013 35.601 Exports 23.139 Kxports season Vi.tffl 44.413 New York stocks ltt.216 97.W3 U. H. port stocas... I,ni.30 1,H7,SH Interior receipts za.m N.110 interior smpments... :i.irc 21.914 New York arrlrsls... 1.07S 10.SS2 I.S0 ' 36.23 27.29 33.S0 5S.H0 IJ7.W 27.40 24 SO 26.E0 2'.f6 21.S0 3", 29.45-S.1 .7S-3 2?.$! 24.40-43 21. IS 3S.0O-OS 21 67.70 27. 27.00 36.S0 : f i 50 so :o at s 2J.73 2S 40 M.!0 SK.nS 27.60 27 S3 27.00 It ?erarity. Kate. AmCottonOll.. . .7 AmCottonOil., . .5 AtnTelfcTel AmTohaccoOo. 7 AraTobarcoCo.. .7 AmTobaccuOo. .7 AmTobaccoCo, .7 AmTuharroOo.. .7 ArrentlneiOYt...a Aroiour&Co fl ArmouraCo 8 Armour ACo 6 Armour&t'o. ...fl Armour ACo 6 Anrour&Co.. . . fl Halt&OhloKR.. .n BethKte.4rrp.. 7 UethStwtCorp,. 7 lietbRteetrorp., .7 UnuMfolCorp.. 7 HethhtifU'nrp.. 7 1-anl'nrlHcHy... . CcntrmlAnjUr'. .0 :i'banAmHuirar..it CubanAmSugar..A hsbanAmriiicr..fl nlihy'm-kitCo.7 DflAMudltlt . . .S t)omlnionofCan..A KrleltaJtrcad. . S FwlBusjarlteTCo. 1 (jeoKlectricCo.. fl OenKlcctricOo,. .fl (lenltubhrrCo. 5 (IreolNorthemH.a MonTramAHCo.fl Newfoundland.. .5 NYCentralltR. 5 NorwayGovt ...8 IMttsAMh'mutltRfl ProrterAUamhle.7 rrocterAOamrla.7 lTocler.Vdamble.T lTocter&(lambl.7 Tract er&Gamble.7 l'llb!-en CorpN J ft KemAnrsUMC.ft KuseianUovt. . . .8 HLitlantiovt. . . .A UusalsnUovt. . . .fl Miaw'KanWAPC.fl southern It i . . A NKitierlaDdGovt.ft V incftepA rmaCo7 WeitKaMftCo. .0 STANDARD OIL. Bid. Ask Antlo-Am.. 174 i All Renn..l0no 1030 Due. Pept. 19 to Sent. 19W VaV una Nov. l?in 100H loust Nov. 1920 10)4 lOllW Nor. 1911 HW i inoji Nov. MM 101 W lOIfi Bid. AiVel UQil 1044 07 ii VHli 10144 May 15, lit oi June lft.'io 09H June l.V0 lrt June I.V'31 00 June U. 'Jl s June I.l.'il 00 H June 1ft ,-9 994 July lt BHH July lft.'io 100 July 1.V30 09'. July l.Vll noli July 1.V32 0vl July lii,1 oi li Mar. 3.-J4 8H Feb. 1017 HAH Jan. IBIS SOU Jan. 1920 Oft? Jan. 1011 99 Julyl.VJ.1 09 H Aug. 1V30 97 M Aug. 1919 87 H April 1919 98 Jan. 1920 98 l)rr. 19M 99K July 1920 100 Dep. 19ia '( Hept. 1930 97 jj April 1UI9 til July 1919 97 rem. io. iv Feb. 1921 Mar. 1920 Mar. ID Hi Mar. 193U Mar. 19'il Mar. 1921 Mar. 192.1 Mar. 1919 9.1 Feb. 1919 "SI Dee. IW'11 84 Feb. 14,'i011H7 June 1KI9 "2 Dec. 1.V19 101 Mar. 2.'19 9i Mar. 1920 90 Mar. 1919 Feb. 191u V9, NEW YORK CITY AND STATE BOND1. ' Approx. I Form. Rate and Maturity. Hid. Asked, yield. I Inter. 44s, July. l7 1HK Intrr. 44s, June. IKS 10! Inter. 4H. Msrdi. fWl 101 V, Inter. 4Ss. Nov.. U57 101, Inter 44s. May 157 Inter i'ti. April. 97S Intrr. Cs. March, 1WI v:'i Inter 4'i. Marh. 1K3 ? Inter 4V,s. Kept.. 1W0... . ':-, Inter. 4Va. Msrch. lt0-30. . : id:" 4.44 NEW YORR BANK Pld.Asked. Inter, inter, Inter, Rexls Ilffl., 4. May. li.. 4s, Nor., IKS... 4s, Msy. 1957... 4s. .Nov., 1SS.. 4, Nov.. 191 S3. Rerls. 4s. Nov.. itsi.. Inter. 4s, May. 1919 Inter. 4s. Nov., till Inter. Ht, Not.. 198, Inter 34s. Nov.. 1331.. 91 4 . 914 914 . 90 . 90 , 93 . W'i , 994 W4 14 Her. -coupon 3H. May, 1934 StVs 1024 1024 10.'4 1024 91 9! 9 9S it 924 924 924 91 ft HI 124" 24 100 lOOM HSl't lOOK risr. I Brre.8trr..45i Iiuckere n i3 21,190 ,143 l,26S,n73 121.t.f 1.070.7SS 47. M0 40. K 2,031 Liverpool Cotton Market. LivEnpoou Nov 7, Cotton Spot Fteady ; prices higher, American mid dling fair. 24.24d. ; good middling, 23.56d. ; middling. 23.93d.; low middling, 21.50d. ; good ordinary, 20.36(1.; ordi nary, 19.83d. Sales, 2,000 bales, includ ing 1,700 American. Receipts, 7,000 bales, no American. Futures closed unsettled. Minneapolis 'crnln Market. Minneapolis, Nov. 7. Barley, SCO 94c; rye. 11.66V4 1.57M ; bran, 27.84c; flax. t3.89QS.91. MIDVALE QUARTERLY REPORT. Trnillniar Quiet on Doeirae. Pahih, Nov 7. Trading was quiet on the Iiourse to-day. Three per cent nnte.'i, 82 francs for cash; exchange on I.cndon, 26 francs 3 centimes; S per cent, loan, 87 francs 65 centimes. FINANCIAL NOTES. Federal reserve system haa admitted the fo lowing SlMe Institutions: Ueorgla Sav ings Hank and Trust Company, Atlanta, 'spltal 1100.000; Plrst mate Dank, White Deer, Tex., 12S.O0O; Minerva Savings and Trust Company, Minerva, Ohio, 150.000; First Otato Uank, Mlrataford, S. Dak., 110.000. The cashiers' section of tha New York Uock Kichnnge committee of united war ork will hold a meeting In the governors' room of the dtock Exchange at 4I0 tb- on)- ijreens Cananea Copper Company reports production for October of 4, 300,000 pounds nf ropper. 137. 570 pounda of sliver and 1 010 ounces of gold. Lindsay Light Companv haa elected tha follolng new of fleers: (Isnrxn P Oilman, president; Joseph M. Hherbourne. vice, president and treasurer, and Howe O. Bax ter, ascretary. Mr, Oilman auccasda Charles R. Lindsay, Jr. Hteel and Ordnance Company Ilarns 9J3.HO a Share. ( Tho Mldvale Steel and Ordnance Com pany, according to an official statement Issued yesterday, earned In tho quarter ended September 30 a balance for divi dends ot t7, 703, 627 or $2.89 a share of t50 par value. This compared with JS.G45.443 or 14.27 n share In the pre ceding threo months and t8, 039, 285 or t4.02 a share In the same period a year ago. Kor the nine months ended with Sep tember the balance for dlvldonds amounted to $24,139,411 or $12.07 a share contrasted with $23, 363,466 or til. 67 a share In tho samo period a year ago, "The earnings for three fourths of tho year are shown after the deduction of t6, 983,967 for depre ciation, &c., an Increase of 12,042,722, but the statement discloses nothing re garding the anfount of deductions for war taxes. So far as the statement goes It Is not known whether any allowance has been made for Increases In taxation rates over those In force for 1917, A vear ago the statement showed that 122. 139, 582 naa Drrn aeaucieu ror rea ml taxes but this time tne net earn Ings are shown alter provision lor war taxes, without stating tho amount of such provision. Pennsylvania Crude Oil Market. Oil Citt. Pa., Nov, 7. Credit bal ances tt 50,959 ; 41,921. t'hes Mfr O.S5) colonial ... 10 Contlntr.tsl.4So rreecent PL 37 t'b I' I. Iiic-155 Eureka PL.1M Oa!ena-8lr W ilsl-H pf IS) tOal-H p . -Ino Illinois I'L.IC! Indltna PL. Po Int Petrol. 134 Nat Transit 114 N V Trans. 1W North I' L.ia. Ohio .. . .IS 43 18 Old. tNcw. New Orleans Cotton Market. New OnLEANS, Nov. 7. Wldo fluctua tions, first under bear pressure and then on the report that the German armistice had been signed, featured the trading in cotton to-day, tho market moving over Pa Mex F an extreme range of a cent and one-halt "53! a pounu. Advances were not any too well maintained and prices eased off late In the session under official advices that the armistice had not been vlgned. The net results for the day were de clines of 32 to 49 points. December. 28.71c, ; January. 28.13c. ; March, 27.7Sc. ; May. 27.40c. ; July, 27.20c Spot steady and unchanged; middling, 30.38c. 473 97 SCO 40 473 42 lt.1 too 105 ISO J". 172 14 IS 200 i:s 330 47 4l Bid. Prairie OaG.575 lralrle P L.W Solar Rcfin..S70 South P L..17S South Pa . 290 H W Pa 1'L.lor, Stil ot Cal. .210 SUI ot InJ. 723 Rid or Kan ro 31U ot Ky..::3 strt ot Neb. tin Std nf N J . Htd of N Y.:. Std ol Ohio too Ban A F . 94 ITnlon Tank. 102 Vacuum . WaiMnrtnn. 40 8tard subelrt en bloe".i!:o Stand olil st all on". 2030 CHEMICAL Rid. Ask. Am Cran ... TA Am :rsn pf. M Ur I'ro.1 C...11S Casln Co ... 40 Day C'hem .. Dow ftitm..,K0 Dow Cli pf Klec Dlesch. 1(0 Fed Chem Fed l-h Pf ft Free Tex nw 11 tlrseeelll .. Hook FJee Ky Polvoy STOCKS. 30 Memrose Bid. Ask 99 ei'Mulford Co... SS CO ..170 ..US 31 tao 150 1011 33 93 1731 MutUSl C ....'.SO nise Alk pf . rr Nit A It ) 17 Nst AtCplfi Pen Snlt , 10 Rnllin Ch .... SO Rol Ch pf ... o Semel 8 175 Smith Ac CITS Kolv Proc ...X0 4C0 4.W 4.C0 4.W , 4.W) , 4.(3 , 4.C5 4.U Coupon 44s. 192I-1932 Coupon 44s, 1919-1923 Coupon iW. 1924 1931 Coupoi 4W. nn-isa Coupon 1I9-1'J Reds. 34. 194019S3 Rerls. 34S. HSO-lHi Coupon 34s. 1921-1939 Rer.-coupon 34s, I919-1921 Reris. 2s. 1940-19I3 lift IS. 3s. 11X11!) Reus. 3s, 1919-192S Form. Rata and Maturity. Bid. Coupon 44s. Jsn.. 19(4. ... 107U Coupon 44s. bent.. 19(3. . 1074 Coupon 4,. March. 1CS lo; Rede. 44s. Msrch, I9C3. ... 100 Coupon 44s, Jsn., 13(3 102 Rezis. 44s. Jan.. I9(S 1Q0 Coupon 44s, Jan.. 194S ... 101 Kens. 4(s, Jan.. lsii ion Coupon 4s. 1'" 97U Coupon 4s. lOOO-CSCanal... 974 Kens. II. ltSOCl-Canal . . HV, Coupon 4, 193S 2 ll'sir.. 97U Keils. 4s. lS.-62-H'wsy . 9(4 c oupon is. Jan., iw t..,. yi . . Rerls. 4s. Jan.. 1JU W Coupon 4s, Jan., 1142 re Hetis. 4s. Jan., 1942 93 MI9CKI.LANKOL'! STOCKS. -Yield Bid. Asked. 4.(0 . 4 00 . 4.SU . 4.00 4.Vi 4.4S 4.4S 4.40 4. IS 4.4S 4.15 4.4S Approx. Asked, yield. 10S4 4.10 America. Atlantic. 4 44 Am Eich, . am ''"fy 4 Bowery i J J I Bryant P. . t B'way On. . Uiitch A U . fhsre. . . . Chat A P. . fhelse Kx.. f 'hem leal. . fits Nat... City Coal A Iron, t'ommerce. Colonial, . . Continental. Columbia, . , Corn Kxch. CoxlnnnoMtAii I'omniercl K.Huii t 'om'n wealth . I H." t?nha itti , ' r.m- iiivrr. in irtn.st .rixi I nnh ve 4 40 4.41 4.41 4.41 4.41 4.41 4.41 4.41 4.40 4.44 4.49 4. SO 4 SO 4 SO 4 Ml 16.1 210 IPO 390 ISO 140 1A0 20 3W 120 388 Jlf. 100 20 IM .ISO 100 IM 309 B.I 49S1 1KO: 220 J1U 420 ISO ISO 3CO 34.1 400 410 16S 110 lr.s 100 193 IM J 4 32l Urst Nat 2J5 STOCKS. IIM..Vlfcel. I n I S I 200 .30 .23 .OAO .ROO .270 .90 2.W .lm ;ioo Oardeld.., Ootham .S . flreenwlch Hani man. Hanover . Im A Trad. Irrlia; Nat Liberty. . Lincoln Manhat Co tach M .Metropolitan, ins Mutual. . . . nfft Merchant. . . 12(1 NewNelh's. .100 NYXBA .420 NTUo. ...11 Park not Pact Be i:is lYoduce F.X.. 200 Public. . . . .'-IM Sherman.. ..120 Seaboard .4.V1 terond . . . .an , state ... .102 ?.ld IVard ,.iai t'nlm Kx . . I Ml 7on 2ion MVasl Ht. .n i M !lVo-ic-l,l4 Ul Tltl'ST AND HCRETV COMPANIES. 24 f 870 SIS 1 s(l 40J MOO 170 .110 173 ISO 310 Mi 310 1.10 47S 411 107 l 1VI Alliance lit. Am rn.rety. . Hankers . . . ltonrt A Mix. urookjyii. O-S ft.l 370 lb.". 4H.S 10?4 lll 9S4 914 94 M's 94 Il.U, Am Chicle.. 41 Am CU pf. (4 Am M A F. 71 Am Type F. 34 Am T F pf. 10 A D T X J 31 Atlts I' r St Barnh Bros A spin 1 n 77 tlsrnh Bros A Spin : pG Por Milk. 93 Itor C M pt 94 Push t pt m Celluloid ...130 Chlldi Co .. 4i Chllds of . 0 Col firaph to Col Or pf . 77 Crk W pf M D L A W Co '.67 HoV V IT. I STEEL Ask. 47 ;o it 93 4S 33 90 140 SO 95 fi S3 i;o ll.d. Int Silver pf (S Lima Lor pf 73 Mich Lime.. '.0 Mich L pf 17 Nat Ca.l'.ct. 94 N J 7. nw st'Sl Otis Kiev S3 Otis F.lev pf. 74 ,1'helps t . .20 ll"rstt A W p 53 'Kern Trim . JH.i (Hem T I pf.ioi 'r.em T : Dt. SI iRr Bsk lMr 120 ny a I" pi la Ksf II A L. .', Sillier Mfr .130 TAT t'AO 0 weet C Kerr W c Kerr rf 77 Yale A T ..) 4.10 4 01 4.03 4.03 4.CJ 4 l 4 ft. 4.10 4 10 4.10 4.10 4 10 4.10 4.10 4 10 4 10 Ak. 310 VI a 1'! 102 a n Wi ti 7.1 ?3 :;o Si and Ch 90 109 Am Brass .'JOS tt ii Mfr . I A fc B Mfs pf 20 A'las POW...16S Aths Pow pf 14 int. A WII...II0 Illlf. E W...3M Hllrs. E V pf .. Can F A F 1M Carb Steel. .Ml Curb Ktl 1 pf SS Carb Sll ,2 pf C4 Colts Arms .. S? Du P Pow... 290 AND ORDNANCE SfTOCKS. MM. ASK. UJU. Ask. ' Eastern Sleel (IKmp 8 A 1. . 35 SS'Kmp S A I pf 70 170lliercule ... .:to V9Herc P uf... 10S Jll'lloo-Allen Sf Hop AlUn pt. . I 7B Nlles-B.P . lis 2t'Nlles.n-P pf . 93 IW'Peun 8 Sletl. 44 . Iscorlli Mfr ..3M 70 Thomas Iron.. 20 S4IW R Arms...7.v) 270!VVoodard . . SO imral Unlon37ii Columbia . 270 Commercial WI t.tnplre Trust.290 rquitabln.. a:l liu-uiilkT.:iSJ l-rankl.il. . 221 run. in. 'J40 ruxnty. . . 200 iiuarauty. . . .321 Hamilton.. 24) IIUUkouT.. .13.1 llrtmg Trust. rvin.Co., .020 Isojers.M 0.1 Ln 'I. Wl 74 ro 260 101 WIS a so 2S0 nul 300 373 23.1 Jl)l 2IO 200 14.1 ceo! CS 100 1 .111. I 19.1 ,:iu BVI .10.1 . IS3 Lincoln T- . Manufa? r. Mer T 1) Metropoi . . . Mtire Bond. MutTof V. . Nat Huretv. N Y J.I ATr.BAO New York T..6H., N Y Title . . AO People.. 20.1 CJuwru Co . ttealty Asso . .1.1 Scandlnav"n..2i Tltletl 4T...240 rralisatlantlc.170 I n rllateo. . . .S7.1 l! S .M A r 391 II N Title (Susrlll !et'h.Uir. 1311 YY a: Ifl Ml'. 90 121 IVO WOO HO 27.1 SO t,.1 2S0 IM HI II 40.1 .'.0 140 173 Includes one-third share Irvtns Trust. 1r lrlnr National Bank. runuc CTiunr.s. Bid. Am UT...W) Am LAT nf H Adirnn E 1. it Ad K P r- Am c i: n Am i:iK p : Am PALM Am I'L pf 74 Am lmb (' . Am I' II pt S Am WWAK 7 Am WWAK panic pf . II AWWAF. 1 p l Car V L far PAL pf 7 titles Serv.291 Cities S pf. 714 Cities K 7, ser It '44 .109 Col Power 23 col Pow pf. 92 Com'wealth P R A I... 23 Cem'wealth PR&L .pf. 41 I) O&K r 3s 5 Eire IVS pf (0 111 J. Emp D E of 70 .Fed L lc T . 7 (Fed LAT pf 31 10 A K Sc.X ir,4E Sec pf SO I.N Ohio Elec. lfc iN" Ohio E pf s: N Ont LJiP. 11 IN O LAP nf :l IN Ststes P. 50 N S Pow pi S3 I'ac liAE. .. .t il'ac GAK n f M 'line 111 nf 50 IRep Rr A 1. II tlen RAL pt 57 IS Ctl Kdi . 7S 794 s Cl E "t 91 Std CAE. 9 111 ltrt ()E nt SI iTVnn RLAP. : T RL4P Jpt IS I'n 1.1 A H . 34 t:n LAR 1 P 45 West Power. IS YY Pow pf.. f.1 Yadlun pf.. Ark M ii 17 M ii tl 29S , 91 Card-Am . i: Card Am pf 0-1 C Arulrre-.U) FalsMi . . 1 Federsl . . 91 SI I Federsl pf . 90 410 1 Ct West ...:.-, so ; ct west pf.re . i Giiantannmo 14 SS 1 Juno Cent. .120 St'0 A It STOCKS. Rid. Ask I 3 I.MSIISII 161 M 93 91 27S IM fl Bid. . 93 . lei . i 70 IMsnsll nf . Mst-Am . .. 'M.tAm nf IMictngan ... 73 INntlnmU ... 904 IN Ntuucro .170 IS (Wills ... 22 is ce Ilia pf. si ISO Warner 100 OUT OF TOWN MARKETS, BOSTON. MINISO. Sslea. "Pea ts Anmees 193 A inks Oold 5 100 Alfomsh jjC 330 Anseonda ......... 7JH 103 Arts Commerdsl.. IS 10 Blnrtain ...... S llSCslumet A Arliona 70V; 9 Calumrt A Hecla..4S7 Its Copper Rante 49 SCO Iisils Daly 64 1021 Fst Rutte 1H 60 Prsnklln 4 30 ilrene Csnanea. . S7i 100 Indiana 0c 70 Island ''reek 6J ro Ule Itojrsle 234 to Keweenaw I Ss Marllower Old Col 4 tl1 Mlrhlssn 3l. 91 Mohswk 69 tH New Arcsdlsn .... 2 inn North Unite It 60 Old Diiralnlon... . 43 1(1 O..-1-nU S7 IS Qullicy SM Santa l'e top S7S Seneca Copper.... 1&4 4(0 Shannon 4 90 St Marys Land... 41 SOO Sut A Boston.... 44 Its Trinity H (Mil 9 Smeltlnr,... 4 45 II 8 Smelt pf 4'H SIS I'tah Apex t 2W Utah Cons. 10 410 t;tah Metal ift in Victoria ' IIUli. Low. SO J 3.V1 724 134 9H 70H SOT 494 t-H in, 67S fio SI 2SS 1 4H 3M a 2; 14 41 67 SS (tic 1S4 44 4S i !i 49 414 HI 10 2A 3 RAILROADS. S97 Boston Kiev.. ... 1! Boston Elev pf .. 74 Bos A.Maine 401 Muss Ktedrlc. .. (7.1 Mass Electrln pf 120 N Y N 11 A II... 10 out co'ony, 73 97 17 2S 1014 41 107 73 97 37 IS 11. 421i 107 SO S 33e 7I4 IS 9H 70 457 49 S II st; S7H oe SI 234 4 3 S9 3 14 43 S7 V soo IS 3V 44 44 3V4 4k 4t 2i 91 Wi lis- 73X 97 y. 24 10t .1UT Last. SO & 7lt, 1SH 9H 70 4(0 414 IV ll 1 67S soc SI 23tt 1 44 3V Si 2 Wi 43 S7 et 1S, 4 44 49 aj 40 West End 854 MVi C6 MISCELIJNEODB. 10 Am A it Chem pf. 9(4 SOAmoskeac .90 100 Am Pneu Serv.,., 71Vi 97 f 'i 42 107 M runs 123,488 borrola, averase tthlpments 62,609, average 10 Am Sugar 1124J GAm Surar tit .. .1114 374 Am Te' A Tel.. .10114 (2 Am Woolen pf. .. 90 H3 Art Metals is S4n Booth Fisheries,.. 2.14 SO Century Steel . .. Ili SO rub Port Cement. lS'i i7 Kdlsnn 1 25 Fairbanks Co.. S5 2450 tiorton 104 3 Ceil E'ectrle . ...143 !i Inl Port Cement.. S lis Island OIL... iM 11 Mass Oas S3 19 Meneathaler 119 95H 4Vj 94 09 90 90 SS S3 S3 112H 111K H2H 1114 1U4 1114 1084 108 104 9S 9S 93 IS IS IS 21S S34 4 uVi 134 134 134 134 isn ins K4 SCI, S34 Ml; 31 304 304 1S3 133 133 SEC m sh as S3 KG S3 110 140 110 22 N IS Tel 5!U 99 61 Iunta surar U 41 r. Pullman M 120 2W Stewart 3( 30 47"4 Swift 123; 1 I'nitet urur 7( 77 Cnlted Fruit 143 ICS.' fnlleil Shoe 414 S 1'nilcil Shoe pf . 2(4 SS0 Ventura OU ... . S4 BONDS, tf") Am Acr Chem 5s 904 1I0O3 Am Tel 4s SS lOOO Am Tel fs 1044 1 N E Tel Ss 91 so. I'unta Surar 6s.. ? iuw Swift Ss 9IK s its 414 :g4 4 9(4 S3 1044 91 S7 Ml, BOSTON CURB CLOSING. 9S4 44 i: 3-14 122! 76 113 434 24 SS 9(4 S3 1044 91 17 94i .1 Bid. Am Oil .... II Hit Slate O 9 Bfsrole to Bohemli ... S) Blsck Huk .. "oston Ely. SO Bos A Mnn. 43 Butlr A L. 11 Boston Arli .. 1 aisverss rnrlet .. Champ old. Chief Cou.. nenblih ... Esrl Eaglo, Fortuna ... llouahton.. Full paid. I 20 S SU 60 '. 3 34 Ask. IS 10 00 1 SO 1 S1 IS IV. llnnia Oil Iron Bios... Iron cap ... La Rose . . . Majestic . Mex Metals. MoJ Tunr.. New Bsltie. Nat Z A L. Bid. . S3 31 iV . it 211 ii 14!N Cornelia.. 17 5; 4 61 4 3 SS Nixon N.r. s: Oneco Onondsrs )0 S IV Mlsml. 1 V Verde Ext 37 Yukon Gold. .90 Vic MI11 91. 44 124 3S, 1(3 76 141 444 :4 s S4 S3 1044 91 S7 94!4 Ark. s; 43 19 41 23 S3 9 90 9 i7; ."7 20 :o IS s 14 to CHICAGO. Open, lillh. Low, Sales. S3 Hoolh Fish 23 SS Booth Fish nf .. 76 SSOChl City A Own. I S'SCht C A I' pf 71 It w Chi Ry ser t .... 94 290 cudshv 12 TOComwhh Edison. .113 16 Deere pf 974 so Diamond Match.. 112 . 10 Hart K A M 64 1 20 ltartman 50 230 Illinois Prick m 1937 Llblijr S04 W Llndssy Llxllt..., 13 :s Middv west tun. r. 23 Middle W Utll uf (8 lr rnono nerv li Peonies Oas .. . 10 Ounker Osts pf.. lt.H Retire Hnebuck.. 1277 Stewart Vt'srnsr. Sl?7 Swift Int ... . KOJKwIlt . f'.fi I'niou Carbide .. 2mi United PauerlU... 163 Wilson Ct BONDS. S3J)0Clil C A C Ss. .. SH lonctii t! Rr 1st Ss,. 49 lOuOChl Tela Ss 93 4t SOCOOlJcn U0S SI SO . (0 . 99 .1624 . 72 . J7i ..1214 , SH, 23 74 1 1S4 11 1164 113 974 112 4 50 61 q is 2 S3 IIS 61 S9 1(1 104 3S1J 12) 64 221, (54 SO s: 23 70 1 It s 123 113 974 111S 61 SO 0) SS4 S3 II 91 112 374 12'ii SMj Lssl. 23 76 1 134 It its 111 974 112 (I fO fl 22 15 si 1S 61 99 1C1 70 X1 IlALTlMORfl. Open. Illth. . S3' , .1034 . 3( is 74 724 Sales. 400 Cosden lis Cons Coal Ho Cons Power .... 10.'. Dsrison Cheni , 25 Houston Oil pf.. 13 Mt Vernon Mills PVMt V Mills pf.. 73 Northern Cent. . ttt Pa Water Power. 79 lis fnlteil Rts 214 US Wssh B A A 244 75 Wssh B A A pf . 374 10 Wailand Oil .. . 34 BONDS. $3000 All Coset I, cv 4s 24 SOOn Halt Elec Ss 90 2 ml on 4 nal rel Ss.. k9 2mUns.ien ( "A . cool Cordn 6s II" . two Klrby Lumh (s. 5l Marntl Ry if ... yxl I'n Hy 111c is.. ir.i Wash 11 A A Ss PITTSIH'ltn Sales, Open. 275 Am W (1 Mach S. m Am W O Mach pf 71'A IM Col Gas A Elec... 4(, iji ino nrewinr 7u Ind Brewlnr Pf 2(5 Mfrts Llirht A III. lift Nat Fireproof 251 Ohio Fuel Snp. . 100 Okla flas . . . . 20 Pitta Brewlnr.... M Pitts Brewlns; pf. 100 lltti Coal 20 Ittta Jerome . ... cm Pitts Ml Shrela.. SO Pitts OU A Gss. Ill 1' S Sleel , S54 . SS, . 9S . 90 , 574 . S3 SI HSS M4 is 374 ss S24 90 SO 934 US !'! SO 8'- 4 i.d 24 io 71 !i 214 214 274 SS Ask. 73 10 II S5o 5 20 13 t: : 11 as is Ii! Ask 93 94 III HI 74 91 1KI 21 St 110 Last. IS M4 IMS ic; 16 71 214 :s 374 :s . Take Stock of the Future PEACE is in sight. Every effort must soon be concentrated on the work of reconstruction. The vast and intricate war machine must be taker) apart. Readjustments to meet the new requirements of business and industry have become matters of immediate importance. The hour is vital. American manufacturers and merchants should not delay study ing and planning to hold and expand our foreign trade. The interests of domestic business arc also concerned. The thorough ness with which we solve our problems will have a profound influence upon our commercial future. Foreign governments arc taking Stock of their resources and organizing them for the inevitable struggle for international trade. We have published a scries of papers, describing the preparations now being made by Great Britain, France, Spain, Italy, Norway, Sweden, Canada, Japan and other countries. Copies of these papers will be sent on request. t' Guaranty Trust Company of New, York 140 Broadway FIFTH AVE. OFFICE Fifth Ave. tt 43rd St. MADISON AVE. OFFICE MaalisM At. A (Otis St. LONDON OFFICES 32 Lombard Stmt, E. C. S Lr. CrSTnr PI., S. W. PARIS OFFICE Rue das Italiana. 1 & 3 TOURS OFFICE Rue Etienne Patlu, 7 Capital and Surplus $50,000,000 Resources over $600,000,000 COFFEE MARKET. Liquidation of outatandlns , coffee contracts was lets active yestenlav, which might indicate that must of the contracts had been evened although holders have until November ! to make settlement at maximum prices. In some quarters It was believed that the re leasing of roffeo through forced liqui dation might ease up the spot market to fomo extent, but at present prices are firmly held, with an advancing ten dency. A Rood business was reported in the spot market, mostly between Im porter. and Jobbers, and It was said that the Uovernment was taking nil Santos spot offerings, ltlo 7s were nomi nally quoted at lo'ic with Santos 4s at 1 1 Vi c. Brazilian cables not received. rillati coffee statistics: Hra- I.at Thursday, week. Stw York deliveries. I7.7M) 16.22 New Orleans dellv.. 1.S13 720 Totel rteliTerl's .... 1S.M3 16.P9! New York HOOK. ... 522.376 J71.IW New tlr esna etixk.. !... W. 732 Stock at sll ports.. . 72.231 117.91: Afloat 81.(10 MO.OOO Visible supply .... 1,187.231 1.JC.91S l-al rear's visible :.6l.t30 Lsst month. 15.4 Ml 14.070 S;j.406 34.471 1.00 S7S 3f2. 1.401.HI 2.Stl.01i7 Uzpurts Prom New York. New York Included! ; oatmeal, 1,800 pkgs. ; ', lubricating oil, 21$.- Exports from Wheat, 31.000 bit flour, S.21S bbl. COn gals. Kxports from New lork las)t week Included; Wheat. 434,933 bu. : bacons, T.3f.7G lb?. : rye. 231, 504 bu. ; peas, 1.143 bu. ; beans, 1.4S1 bu. ; flour, 11R. 450 bbls. ; rye flour. 8,034 bbK ; corn- meal, 7.717 bbN. ; feed, 38,000 lbs.: oat meal, 20,333 pkgs. : bran. 232,000 lbs. ; grars seed, 2!0 bags; hay, 1,840 bale?: oil rake, 888.773 lbs.: pork. 2,108 bbls.: beef, 2,090 bbls. : corn, 1,301 bu. : oats, 174, 1SG bu. : barley. 24 bu. : hama, D73, r.87 lbs.: 1urd, 1,23(1,574 lb. ; tallow, 50.910 lbs.: butter, 838, 8S3 lbs.: cheese. 244.708 lbs.; cottonseed oil, 1,511.406 lbs. ; lubricating oil, 3,169,790 gals.: tur pentine, 182,093 gals.: rosin. 20,516 bbls.: refined petroleum, 19,923,614 gals. ; naphtha, 5,957,139 gals.; gasolene, 7.733.296 guls. London Money Market. I,o.Nto.v, Nov. 7. Money 3'r per cut. Discount rates Short and three months' bills. 3 17-32 per cent. (Sold premium at Lisbon. $100; consols for money, S1H: llrltlsh 3 per cent, loan, 91. ; Erltis-h 4a Psr cent, loan, 99 li. Which News Service Do You Trust Now 9 1 nrHE New York News Bureau publishes facts only. It had no . hand in fooling the public yesterday. THE NEW YORK NEWS BUREAU 26 Beaver Street New York EARNING STATEMENTS. Itallrond. COLORADO AND SOUTHERN. Fourth week October: Rross earntnes Month nf October: Gross earnlnss Friioi Januarr 1; Gross earnings l'nhllr HM.377 .. 1.17C.J94 . 10.S21.3.9 Utility. Inc. Inc. Inc. 11.41 lU.Cll 1,319.942 i:i, M t H'i MS, 1'4 fn MVi S3 1. 7's 41 r.it 3V 1i 49H lie 31c 7 102 Utah. Low OS 7.1 4s 21i 73'. 4 Wl Whouse A IlraVe. nt 10 IV'house Eleolric. j 141, 41 23 2", fi 41. ice :ic ire ; 91 t: 4 7b 44 'H 424, 2 SS t 4S l.v 81 e WH 91 t: 2l, w us r.7. Last, ess 5.1's 4"H :s 71i 4414 . 2S 3S INTEItllOItOUOH KAI'ID TRANSIT Month of September: Cross revenue, 11.175.171 Inc. 1103.107 Net revenue 1,165. ;t Dec. 450.441 From Jul.v 1: Dross rerenue J.IV..S2t Inc. 112:.. TIC Net revenue 3.52I.M9 Dec. 73i.:03 METAL MARKET. SpellT, N Y, .ot Mener, r. . it. snoi. . Spelter, II S L, N"T. (speller. 1! S J,, Dec. . Aluinllixim Qulrkstlrer Antimony Pit Iron, No. 1, XV . Pit Iron. No. 3. XK . riff iron. tlsln. No. 2 . i'lr Iron, hssle 1'ltts, Hess iron I'ltts, lless tilllets.. . Oopner Government Nor 7. nid, Asked. 9 10 . .. I M 1.43 .ta .... 1.1.00 .... 11J.V00 .... 10M .... SJ.M .... S404 .... M.70 .... Z3M .... 34.20 .... 4I.; price, :Cc. Nor 6 Bid. AtltM. .... t.lS 70 S.M (1 .... 21.00 .... 1121.0) .... 11.07 .... rs.to .... 24 05 .... 1170 .... U.00 .... 2C.M .... 47.19 -NOTICK. okkici: OF THE UNION TltrsT COMI'ANV OF MTTMtt'lttill. TKl'nTRE. Ilttsbura;ll, I'ennsj Isanln. Notice to llolden. of en York Hhlphulld inc CnniorMtlnn llrst .MortssKe Thirty Yeur llte ler tent. hlnLlna Fund 4.oId lionda, dated Notemher 1, 1916, due Not ember I, 194(1. Pursuant to (Section 1 of Article Four ot the Mortgage of the New York Shlpbulld Ina Corporation to The Union Trust Com pan of Pittsburgh. Trustee, tinted No eniber 1. 1916. securlnir Its thirst Mort gage Thirty-Ynar Five l"er Cent. Hlnklnu 1 r. t-and uoiit Homls. the underslgneii Trustee hereby given notice thsl the bonds of such Issue will be purchasetl by the Trustee for the Sinking Fund provided In said inurt gage, to an amount sufficient to exhaust One Hundred Klghty-se en Thousind Tlve Hundred (1197,100), being the moneys now held by It III such Sinking Fund. The Trusteo liereby Invites from the bondhold. ers offers for the s.ile to It on NOVEMHCtt 21, 1911, bf such bonds As provided In ssld Mortgage, euro offers nhalt In each l case be for all or nny part of the bonds so . offered. The lowest offers to tho afigr Kate amount not eseecdiniE an ntnount sum- 1 clent as neart as may be to exhsusl such inoneis now held In the Kinking Fund will be accepted, provided that the price or prices accepted will tn nu event exceed. In Addition to accrued Interest, one hundred tuo and onchalf ner cntu:n (IO!1.). As soon cs may ., on or after November II. 1918, th undersigned Trustee will notify bondholders whoso offers are ac cepted, so that delivery of the bonds covered by sjch ncreptnnci rnny be made to the Trustee nt Its odlre tn Pittsburgh. PennsvKanla. on November 2S. 1919. Ali offers must be In nrltlnic, enclosed I In sealed envelopes, stute the number or numbers of the hnndi offered, auil name the price or priceb at which the same are offered. All offers imift be received at the office of the Trustee on or before noon of No vember II, 1911 THE I'NION THI'ST COMPANY OF PITTttltfUliH. TltfSTHl:. Pittsburgh, 1'a. . November 1, lull. NO 30 REQUIRED To Stock. brokers. Speculators and In vestors This Office 1 secure for you Life Insurance Protect -mi in any amount up to 1100. 000. and payment "an bo made one year from d.tte or Issue ItOBEUT A J-ASSEHN, ilo H nay .V Y SPOKANE VALLEY LAND A l l-ill CO. Deo 17th. 191J. Win IVaier lleaton, Trustee. Spokane Vsllev In1 & Wster t'i. ('onsolldjliil Mortgsce tlontis, .tll csll five 41,000 lKnds fnr rMeiuption Jsn 1st. 1919. st 105. st olTice of Dsy A Ilenton, 10 IlndvrBV Vew York Nor lf, 19IS. I) f. CIIIIHIN. liesHent piVIDENDS AMI INTEREST, THE tllESI'I'.NT PIPE LINE CO.tlIM.NV, 373 Fourth Avenue, PlTTSTlVJtUH. Pu . Noi-einUr 4tll. 1)11, A dividend of Seventy-Five (Vnts ( : . per share has bn il Ure 1 on tin- capital stock of tills Company, psable Mon.la. Dember lull, litis to Muckholders i; Itecord at the il.i- of business Saturda November 23rd. I91S For purpose of this divldxnd th trin fer books win b ln-d fr.iin I p M Satur day. November 23rd, to t A. M. Tuesday, December 17th All communications regarding payment or chance nf address should be eeni to thH nffice not later than Hstiiniiv., Xiivember 23rd; ,f. A TOOM E . Secretary CKNTKW. ARKAN4v IIUIAVAV AND l L.ltill I I llltl (III TI(I I'ltEI EIIItED I riT(M'K 1IIVIDEM) Ml. SS. NEW YOltK. November (I 1911. The Hoard nf Directors hns thin day ds clnred the Tentv-third oinaccut ve qunr terly dividend nf one and Three. quar ters Per Cent nn the Preferred Mock of the Central Arkansns Itnllvvnv nn.1 L'aht Corporation, puynble on Nnvembcr 30, ll, to the stot khold.-rs nf re. rd as of thn rln.e nf business November 1 . 1011 Checks will be mailed Trknsfer books will not be closed .1. nt'NIULL. Treasurer LIVE STOCK MARKET. IlKRVKN TUcelpta, 1.0&0 Jr-aJ, mainly conftlrnnd dlrert tu local eUugJiUrer. No trudlrxr ot importince; feIlnr stoady. Drt-stifd l)f hlcher Mt 1 T tk C 8 j c. per lb. for native jlde, fALVK Itecelpt. S0 heart, SCO prr ion .mi full steady. Veals, 114 0 20 l""TJ A. 1, ftll'sa I 1 ll 1 e.rv.i.v.ve, t,. . ' ST. .IOSKI'11 l,K.U OMIVNV, 61 liroAdwaj. Nw Vrtrlt Nov-mtir'- 7. 1 !US A dlvlfVnrl of fiftv cint pr nharr on thn nutelanrtliiR capltnl tn.-k at tb- Ahott rftmpHny ia ht?n dflnrt. pujabl" Ii rmhp CO IM S. t.. ntockh"I'1'-s 'f re iir't n IIih cnnA of buslntPH lift fnit-r y, ISM Tlif. trnnnfr l.noKn of ih- cunp-inv will rlope Dwctnb'r !, Ili8. wnd reDtn fatr vt.ternf, JS-iM 1. Urfif(l ralvt nrm: city urrwed fal, JOCSOt. per lb,; countrv tlre6d, Oo, lUSc Hal- H II. Holll: C7 vealn. lb RVrar". $20; 7, lil. 1 1 6; J. ti. Curtis A. Son: SI voalff, 152, ISO. 2. 140, lift. SO, , 12:. $19; 10, 224, $1$: 4. 124. $17; ?. $9. io; z, in; .s jidd & i'n . 63 Went Till: AMKItK AN COTTON' Oil, CO. Thf Hoard ft Dltcttor-i of ti Amenran Cottun Oil C'mnpniiy nn Nm-iiiii or 7. 1 B 1 1t. rtfrlarii a mi-nnnunl .lixldfn-l nf thr. pfp cpnt upon th" Vtf1 Ptm-k, mn a Ounrfrly dlvMrnil of on pr cnt. upon th4 Common Rfnrsk of th" rnmniinv, nnth pnvnMf Dffmli'r 2, nt h & Co.. DIVIDENDS. Stock of Itecord, A. I). Little. Inc., rf. H. IS.Nor. 9 red. Vtllltlos Co, Inc., pf, q, Ustf. N'ov. II Am. LVll Oil Co., q. 1?,.. .Nov. 14 Am. Cot. Oil Oil., pf, s. a., 3 .Nov. 11 Lanston Monotype Maclilne Co., q. l'sr '. . . . .Nov. 20 Tampa Kleo. Co., q, l5.J0..Nov. II llnniertake Mlnlnc Co., Ml. SOe N'ov. 20 Hartman Corp.. q, $ 1.5."... .Nov, 50 South Hv. Co., pi, s. 5Mi 15'' I Nlles-Bemcnt.l'ond Co., I'llIL.tllKl.l'HIA, H's 13 fk-."i 44 V, CE1 n t: 8alcs. M Cramp 1! 111 Kleo Sloraze 11.. V, 2.1 Den Asrhnlt . . 33 fMOen Asphalt pf.. TIVJ X0 IjiUe mm Corp.. 1? 5f. Ihlsh Nar ... . Ill, t:J 1'hlla Klei- ?4 m rhiia it t :;ii ISO rn Cas lmn .. ; s Union Traction .. 40 JIOND". VS-Ci Das & Klrc is . H ITC.i Drexel cits . .m Wl lliler.t.le Ily 4s. P 'frriiril'ls Kiee Int r,e. M 1W' Iteaillnt iren '. . vi ltOJO Un lire inv f. . CC Open. Hl..i. MT n SS'i ::i Ii :;ii to i :oi i m Low. Ii M 33 J7 ;i 10 i.3 If, 4TI, vi MONTltLAI, t'l.OSINti. Ilraillian Cement . lll1 3t' 41 Ask 1 HVi Dome, Iron, lli.l. . tn. Sic 7 111 t: Jjist. not, M S34 t:i. tn! 24 57- 4) II 101 40 M H WVs 1 rf. Nile's. Ttiment-rond Co., q, 1 ' Carter CJ , Pt, . .Nov. 13 n. ..Dec. Pf. ..Nov. t .I'nee. ..Dec. 50 Win I r, 'ai llrocer Co.. 2. Nit lirocer Co.. pf. a . 3. Dec, Illnrdsn I'nip in l-aper i'( . I, ih". N'ov. Trill Whitney i'n, pf, q. imi Pay. able. Nov. 13 Dec. 5 Dec. 5 Deo. 5 Nov. Nov. IS Nov 50 Dec 5 Nov. 30 Dec. 50 Nov Dec Dec Dec Nov Nov. EX DIVIDEND TABLE. Tn.itav American Ii France llre Knrlne.. I Associated Dry Hoods 1st pf. ...... Associated Dry floods 5.1 pf Colorado Pouthern 1st pf i' intlnentul Paper llnir Continental 1'aper Use pf fr..ne Callenea Copper lMiernatlonal Harvester pt Nutlonal Kn.im .tamp National Lead extra New Cornelia cop Monday Keystone Tire A. Rubber (stock).,. Wtolworllt, I' W em calves, 549, Il0 4!l; P. Sanders: 37 I """'n Jinue- or winsiovv t.anler veals, lit. lis. 3 calves. J43. II". :i ..ill. I6' Cedar M. New Ter't Cltv. JO, $1150. ! HANDOLPH C VTl.lVPec'elser, SHEEP AND I.A.MItS- Iterelpls, ;,50 head, 1 8 ' 4 . ars on sale Miep tteadi . lambs dull and K-'iiersl.y V'c. Inu.r Hheep sold at 14 754111 per too lb.: r.o prime do nffered: culls. 33 50; common to choice lambs, 113 ion U.75. oull.v ll'l-tf 13 Dreee.l mutton hlKher ut 15fi20c. per lb; dre.sed livinbs. J5 if 5Sr Msles New ion & Co: 5';4 West Vlrclnu lamns, i,i ins averaice, 116 2..; ifii vtr- i Clnla. 45. 15 Clil.s. 40. Hi; I0 Stale 1 - v..n aq tc i.... ... . S6 West Vlmlnln lambs. , 114 7S: 50) ."late. 2. 115 75. 274. 75. tit! 50; Uf Ohio, tc, tlt.73: 532, 65. 11 4.25: 38. 54, 1 1 3. Ml. 10 culls. 30. US K. 4, til: 14, 24 110. 3 year Units 143. 112. 12 sheep, 104. 19. 213 Ohio sheep, 70, 44.75; 5 c.ills J550 .McPhersoti Co.: 351 Went Virginia lambs, 6.'., J10 2:.. 107. Ct. till. Tobln & Hhunnon. C4 sheep, 100, 17 5u, IIOtiK- itrcelpta, 2.525 head, half u ,nr on sile Market steady. Prime medium weight State hofis, SU ;,0 per 100 lb. : plus, $14. roub, llxil 14.30. Couiltr) dressed hpes stenly Hales Kerns Commission f. : m stnte linns. 13J lbs. jvir.iice, lis. 50; 2 mtialis. 270, 114 50. Jnlin T Dreelan -.1 Ktiits hi.fs. 113, US 50. U piss. 93. IIS; 5 rnuBha. 225, 1. SOfTIIKHS ItAII.WW COMI'IM'. ' New 1 tirk. N .vnnhe. 7 lais I A rtlvlilend of Inn nnil .vne-li.lf i.r ,en tH1l nn th Preferred S!.M 0r Hn.ilh. ern Hallway Comtan Ins lus dnv been .declared t-j Hie flosrd ..f Dlier!,,., t.,r. j able nn November 10. 11R. to eloeUhold. , ers nf record nt ) clone of uslness I Nnvemhrr U 11S V S. WTVV Fecremri l.lse Stuck .llnrkrta In Other C.'ltlra, eslve, frto.l Hnd cliol.'e, $15 rrifre. Western rsrre beef .lee'i. IIIQJT'.O. rnin end l.elfete. 11 :5Ti:.I 1 8hesp -Tt"'r p's. 37 010 ninr' t f'r f.st cla.e rli.'f.ir ....flVi ,e.iv lower I 'ee.llrr '11ml.. .fe.lv'. L'.nvb. rTli.ie nn 1 . n'Wie 1 , C. f ' t nve."um nnd r .4. $14 11 1'. t.; ; 11'. i -,o-.r 13 ees . b .ico 1 sn-t n-lrne. q',vn mettium and Rood. IV V'KI ft I 1 MIS 3 II 7 K N4i 1 11 V. Nnv 7 llnc Herelnls. 7iine, eiettv 11 illt. $t7 .:. 1 I ; nr. hev $t74ilSA'- prVer. nnd l.ncber. 117. in hi llrb's, $17 n It r i. . IM.ilf, Cattle Hictlnls 70(1 .-end Prim" fel sle-f. $17 50e1 Iv.se.l l..e e'eere. ;i2rl70 (Ji.lllher'i .leers. I ' row H. J . 1. In .ft heir...), iHMiML' pto. k ers ami r.elers. tCll. bulls. 154!'-' ( alves, $7il 1? Shen tie, elpls, 3,000- lovv pr Ivtnbs o ? i r, , , vetyina. S'owil ..l'i". ..II,'!. . . J i "4 . . 2 ..l'jc, mr. ,$2 no . .$! 75 . . 1 S "t .. . :6c . . nr. 15 oo It rillt'.MiO. Nov. 7 llors -Itet elnts. 17. er. J ',(!. 1 0 0 enes IXrO COO, nisrket closed dull: mns.y ,'5o Inu.r. v.r i.tirjs. Nov 7 Unas rt etnta tl than vesfenUya averajre. Hutchers. 117 1.1 -nn i.. 1.1-1,,. tie uuil tu: .hi 1T'..,ri..A ....)., ..... ...mr .,-jx. .IT. t . vvV, , l 50: m'nl i-n-i iiiiicivers, 1 . i . tn choice. Itt 501 15 50 Cuttle -ltecetpts is. 000 , tood "tirli im tlve Western steers strnni; to 1',. MKVr ol'iers s'nw : chiitce . tuve snd hel'..r ete.dv. vommnii kind slon, 1;,,. i,wir 1. . mi n Uers i.li'l feeder), .ir t Ti-ef v ill cood, chn'.ie and prim 11 L"u b ; ., . om mon and medium, 1!i vli 15 . 1, tt be ftoi k. o.s sn.l helper. $rll i...e' snd cutters. $54i 11 sto, kers n I fced,.,w frooj, choice and fancy, $9 7 A 41 ju . infe rlor, binmon and medium, $71x9.75. veal $11 501 is. 5.0, $17 to is hull, f.7 lte.'lnli r.,000 beef s'er. $1 1 illfl I 4 5' ..rl he.'er. $1 .(141 1 . 5 (. fc'o ' . i n . I fee l. . l.-ll.te -...i"i ti bee I . f ( r. e .1.,' 'ers, $; hi e. $t Mi 1 1 1 . 1 ' . i ' . J Q tit 'ii .. IC 7'. evvcr, $11 j 15 . houpeif, $'. tl. s'..nd ie.irl.nK . n " 14 ,0 1. IS -.r '0 11 I". "II I. n.'v 1 am' " vanners and