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