Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, December 07, 1918, Final, Image 16

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Evening public ledger. [volume], December 07, 1918, Final, Page 16, Image 16
About Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942

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Evening public ledger. [volume] (Philadelphia [Pa.]), 07 Dec. 1918. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83045211/1918-12-07/ed-1/seq-16/>

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1G
EVENING PUBLIC LEDGEKr-PHlKADEIiPHIA, SATURDAY, ) DECEMBER 7, 19J..8,
,4,
- '
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n,
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Ir
'MONEY and
INVESTMENTS
Dr MONTtiOMF.lt V ROI.MN"
A standard Reference Book In dully
uia by Ihousands.of Hankers anil 111
restors as a mid In busing seeurl
lies. It liow how best loaafeguiire
Investments and nukn Plain the, dls
tlnctlon between the various classes
of Honda, Stocks, Notes
noon j-ok Ki,m im-i-stok
401 Paces .
OTHER BOOKS
Fly MONTr.OMKR ROLLINS
Convertible Securities . JV""
DonriVHork and Interred rabies. J.OO
Municipal ami orntirnlloti llnmls l.oo
Mocks anil Their Market Places. J.OI
Investors' Reforel llesik ,. Lb"
Double Method Interest Tabic" 75u
At Bookstores ur 1'ostp.ald b
Cfte inaittf al J?ulUsIjiitOro
Controlling Ih nubile atom, or
"tlontr-nnierv Re.lllii" He idem it
ers 111 Vmerl I ' " boo' '
POH finance
IJ JOY ST.. l)fil. J ltHTO. M.i.
NEWS OF THE FINANCIAL WORLD NEW. fORK AND PHILADELPHIA STOCK PRICES
STOCK PRICES ARE GENERALLY
HIGHER JN NEW YORK MARKET
Speculative Fiileres! Centers in Low-Priced Railroad
lsue.s Which Make (rood Gains Important
New York Stochs
Is Unchanged-
-Clofec Irregular
BarnetOilGas
BOUGHT WJI.ll UtJOTCD
CMs-:
Morton It. Alexander
Phlla. Slock Exchange Bldg.
21 Jlllllim ! S "l Cliv
High Points in Today s Financial News
Intireil of spcculatlic traders on ,Vrt Torfc block Exchange centered:
In low priced ml?, tc'ili h xenial sulinlnntlal adianeri. Important Issues
treir In tioud demand also ami advawed. there uas a good tone on tho
Curb and independent nth line actlte and strong' Com and cotton urra
Inellned doirnnard. Ionian exchange uas dull, but steady. The iiee-,!;
statement of the Xem York Cleailng House showed a decrease tit average
laana and tcseriet, but a ijatn in the actual In both co.sc. Bank clearings
throughout the i ountru thli neck ireie above last ucek and corresponding
period in 1017. liar silver remained unchanged in Xcw York and London.
I.1W
25 j
61
67 'i
!'-
28'i
83
69
1G-1i
81 Ik
71
42
84
83
ns-7t
90
NM M MI.I'IIM.-'
ZL UlRAKI) TKlT tlMl'M
S T'hlladclphln le. .-mbT LM lDI'.
Tha annual m- UnK "f tlir. alij khnlilr of
thla Cwipam will h- heM on JJondiu. tlia
ittrrnlli dm of Ilwfinbcr, J91. atMJ
o'clock noon, nt Hi. olllc of tho Lonipanv.
Iiroad and rhejinut sir. in I'hiiadplphli.
Ia., at whirh Minn mi ! 'i"n win I nll
for no Mun.ifc-rrf lo s. i lor u l.rm of
four cara.
!- V Miiltiil- iilirj
i.ix i rios m
rioiii cch
8I10RTIIAM) AMI IIOOKM'.Kl'I.NO
Our icraduatra aro In coniitapt demand Oooa
paring poaltlons await u OreBB Short,
hand, the aay, apeedy aylcm complata
ollht claaeca Intcntle training.
n.nroii any iiuir vc,, ut n..
I
m
for full particular and catalog
rniLA. irsiKs toixr.oE
anil tOHPKe Ol trnjimm.
1017 rhcutnut Ht.. Philadelphia
I1IO IIOTKL1 M:I:1I TIIOt'sVMIS OK
TRAINEII JIK.N AM) OMl at good
aalarlpa. Wo train sou In lour spare tlm.;
by mail for nny brunch of hotol work and
help you aecura good position or promotion
Our course endorped bv lcidlnc hotel in-n
and government otlliluls llotpia constant!.
writing for our kradualci Cost moderat
Terms to anlt nur ennx. nlcnti' Wrlto for
J'REK HOOKUT I.I "IS IKirKJ. THMN
1MI hrilO(ll,.Wiirrterllldg.Anlilngton.l) t
STRAYFR'S The IJcst Buslneie School,
,JXCJV a MI7 CHESTNUT BT.
y-:.i, i)h:tismii:m
(735?-"'A'III -(II.MdM slll.II Ills fMI
-' nnd ilgar stur ll"1 'outli Tliird el .
to Jacob Hoffm in s, nd nil latintj und pav t
Mils to EMAM hi. KI.1NK I iftli nnd nil
north ata , by Mond ly it, mnir Hi i. ! .
Philadelphia Markets
Nrw Torlt, Deo. 7.
Tho stoi f iii.irlvct surprlsfd tho professional clement lv it &hov of
filiciiKlli :tl tho openlns Uil.i, with .spectil.itlvo lntorcst. Inter beeomins
coiireiiti ttil in Inu-prliod l.illio.ul f-limrs. At first Texas l'.iclllc, which
Ins lieeti crowlni; in J-pei nl.itho f.ior for some tlni, mndo mi nilnnco of
moro than " points to "S7, nml later m In tho half-da 'n tntdine many
utlicp htooks, .--elliiifr at ren lower prices, mido vljrornin advances, with
little elso ppoken of than tho prosptit of theso storks In tho speeiilutho
,-ltiiatlon
San 1'rancisco common inado an aihanco of moro than 2 points to
1G7;, Missouri Pacific roo moro than 1 point and a long llt of other
stocks, polling at prices mucins ftom JI to $12 a share, suddenly became
tiellvo and strong
ronunlMiimi houses nonilvhrd this t radio cr hecnuso orders In these
stocks could ho eei uted without nccettatliifr iinv Increase In loans.
t tho srijuc time the more important issues weio In Rood demand,
wilh I nltcd Slates Steel lelloclim; tlm belief that much of tho appropria
tion for taxes made In tho current ear would ioert to tho corporation
lieciuso of tho modification of tho terms first proposed In tho Kltchln
schedules.
This inurkct leader moed up,l point to S6rs and an advanco of moro
than I point was mudo In Baldwin I.ocotnoti e.
Tho tobacco pool dovoted most of Its attention to American Sumatra
Tobacco, which had a quick advance to S8 Just beforo noon.
Jlarlno preferred nlso moved up on fairly largo trading, making a
gain of nearly 2 points, with a modcrato reaction in tho late trading.
All the copper stocks mado advances of fractions to moro than 1 point.
The thief exception to tho general strength was Brooklyn Rapid
Transit, whiih sold down to 3tSN
Bond trading was fairly active, with strength In some of (he railroad
Issues, but tho Liberty Loan --erics continued pressed on the market In
large bloil-s
SUPPORT IS LACKING , COTTON PRICES DOWN; "
IN THE CORN MARKET. CONDITIONS UNSEHLED
Adv tlumely . . 25
do pref ... til
AK 1 lubber .. C7U
Alaska Hold M 4t
Alaska Juneau 2l
AlllS't'liahncin. 2nit
do prof .. . 83-
Am licet Sugar 69
Am Can ni
Am (' & ray. SB
Am llfc I.tr pf 72
Am l.ltiaerd, . , 42 S
do pn f Sf)t
m Smelting.. 8t
Am 'iltu Tob. . US T
Am Steel Vdrv. II
Mil lei a Jcl.lOT'i 102 "4
Am ool . . r.R'a K7H
do ptef . no pr,'m
Annronil.l . do Cti'i
Atiliinou pref . 8'H., S'.t'j
All (Julf&n I.tl0s in".
Hank of Com. ,.19ti' 305
Huldwln Loco.. 7B i 7tt
Bait &. Ohio.... B5 r.5
do pref ne-1 rie'i
Barrett Co . .109K. 100
Uetli Steel . ... fit 1 fil'j
do pref 8Ri(j 88'ii
do II bR 1 a (i"i
Hltln nap Tr. 37 3",
Hootli Klsh Co. 2t 24
Hums Uroa . .151". 15.!
Hutto (' el 'A Co S'I '',
Hrunswkk . . . n 7
Hut k Sup Cop 21 :i
'.il I'rtrrdeuni. 21 !t .'I
do pref J. ... 68 '8 I'.S'i
I'al Pack Co . 46t, 4(5';.
'anadinn 1ho 161'4 161
I'ential Leather bl bl's
(Vrro do Paaco 34 i 33
Chandler Mot .106 106
hesa v Ohio. 57 ', 57 'i
1 'li 10 (It West. 'M'j 'i
do pref . . 21 U 28
' hie at & St 1 47 16'.
do pref .. 7!H 71
CM .V N'urthu t li't' !n'
' 1! U 1' t c 28 27
do 6 ji c pf 71 'i 71 '
1 Idle Copper 20 13'
i nmn 1 -on i op. 38't ;.Y'8
1 I'lid ci'jron :i'i .i't
r to-2f.
Net
clige
bl
67
i
u 4iu
'
finli l
3 .a r
3'i H
69
Y
-I-1V4
45
85
81
!8
Pt
102'i
67 t
Pf.
Hb', I
89
noi
1'ir.
75 1;
55
nD
64'!,
SS'i ..
6T.T1
III!
',4
t ',i
a
1 .
MOST STOCKS ADVANCE
ON NEW YORK CURB
Independent Oils Active nnd
Strong "War-Ordcr" Te-
sues Generally Steady
37
21
151
7 "a
- U
4 3
1:
1
.1
1.
21H
21
6S4
46 'A
161
61
34
106 1
bi'i
9U
29',i
47
79
nini
-I "4
1 1 '
1-1
'17
1
'A
-i VI
t '
' New YorU, Dec, 7
Thoro wb a good lono again today to
tho Iiroad street curb trading, with
nearly all tho changes to higher figures.
This market Is lmmuno from any loan
rcgulatlonn, as It In almost wholly on
a cash basis, and reflects tho general
ppeculatlo mood of tho country moro
clearly than Is shown In nianlpulfttUo
movements on tho board.
Tho Independent oil stocks wero gener
ally actlo and strong, with a good de
mand for Oklahoma Products, which sold
at 91! and 10. Mlilwest Kenning was
traded In at 135 to 136. Tho rights bold
at ll1!. Cosacti was steadv ut 7.
War-orders slocks wero gencrully
steady, wlth Aetna Jplosles continu
ing In demand and advancing to 634
Wright-Martin sold at 4'4 and'Subma
rlno Iloat at 12. General Asphalt
openid at 38 and reacted to 37.
Kejslono Tiro continued Its upward
movement, advancing to 33'..
Them wus a better tonn to tho min
ing group, Consolidated Copper Mines
selling at 6 and 6Vi; llccla at 5 1-16
and Ondango tit i
Marconi of America sold at I's
JNIIUSTJUAl.S
Philadelphia Stochs
2 C & N W ill '4
428aen Asph 37H 3
270 do pref 71'!, 7
- J list' IS A SI,
HO Key T Co 11
50 Lk Sup C 17 "i
79Leh Nav. 72
18Ieh Vnl . 60 U
196Pennallll 47'i
147 riillo Kleo 25 ij
177 Phlla Kleo
war vv I 'i
50 p ll T t i' 26 "i
100 I'll Tract 70'!,
CliO Ton Bel . 2,',
25 Un Tract 41
20 IJ H Steel 96 14
100 Wabash 10
6 W J K S 16
.Total aalcs, 2.170 ehare. compared with
i!47 lliaren vealerduv. thla week, 30.380
hares, lust week, 8, bit shares.
Net
T o.iv CloM chge
991 91", - '4
.17 37 -I U
71 71 ,- I
26 26
II tl . ..
1714 H'1 -- '4
72 72 4
(,014 60 14 ii
47 47 H
251, 25',4
'i tt
26 U 26 U ',4
70 ',, 70i ..
T tT1'- u
96 96 '4 -I I
10 in 1 aj
16 16
I'onsol r.as .103'j, 1031, 10.1'i J.
GRAIN NI) FLOUR
VVItrAT Kecelp! "Jll Oil! hilheN 111'
market ruled aletd. ijin laitnn iih follow
Car lots in export fixator, rjuernment
alandard inspection, standard prices Vt t
red winter, J- 31 No 1 northern spring.
5 : ro 1 hard winter I-' 3D. no 1 rei
winter, garll k J2 37 No I r"d. -mutty. 1
82 311: No 2 red winter S2 36 No 'J north
ern spring ?2 3ll, No 'J hard winter, $2 3 1
?o. rea winier garni kj - n, .o - reo
smutty. S2 3.1 So .1 red llllei J2 32 No 1
northern spring. $' 32 No 3 hard winter.
.'.32. No ;l rtd winter, girlie k S.' 30. No
3 red. smum JJ L'U. No Ir.d $2.30 No 4,
garlicky. JJ i!S No 4 smuttj JJ 27. No 4.
garlicky, smiltlj S-' 20 No ". red. JJ.2S;
No. 0. rarlkkj. J2 I'll .No .1 imutty. J.' 5;
No 5 garlkky, smullv, JJ'JI
CORN Receipts, ,'J buhi 1 Trad.) slots
nnd values were lirgelv nominal VVo quot
ollow In rnr lot 1 for IoihI trade in 10
iiuallly nnd locution, at $1 "iln 70 p r
bushel the latter for choice old
OATS Iteielnls 1 1 .''Hi lushed Tho
marktt was nub t but steady under light
ufferlnks. Quotations wep a- follows 1'ar
lota as to location No ! white. 8J'?fl
S3c; standard white. SJeS2"c No. 3 whlto.
St'iWs-V No 4 white SltCiSOHo
CLOUR Receipts. 744.010 barrels In
sacks. Trade was quiet locally, but prices
were firmly held The quotations follow To
arrive per IOC pounds In US-pound sacks
Winter wheat. 100 per cent flour. JtO J.'iCf
10 01 Kansas wheat, 1 Oil per cent Hour
glO.MWll imi, spring wheat 100 rer cent
flour. Hill XVn 11 211
UYH I'JXJCH wus steadv but quiet We
mote at, JUi&lo per barrel. In sacks, as to
quality,
PROVISIONS
Bemand was modrat" but alun-!i were
McAtllly liehi Quotations t irj ttr western
hfef In sets -smoked. 4fee iy beef In aet
nmokei 48l. city beef In MPtn smoked ana
Nun-drlpd iDc wetrn b ef knuckles anj
lenders, nmoked n( beef hams $GO. pork.
Jamllv. .i4(9: li." barns M P ciirp-i loone.
3737 He, do KklnnH, looso 37tt374r do.
l'i, smoked 3fi3tf-ysc olhi-r htmi Hmakfd
Jlly cured as to brand and aeratre, :.!)(
94c; hatns. Ptuokerl weslrn cured, 39 P?
39 Uc; do, boiled honefe-M r.lr pirnlf shout
djrs, S P. cured )oo L'Sr do nmoked,
"tc; bellies. In pickle. HccnrdinB' lo aerate.
loose, 33c, breakfast bacon, as to brand and
verase, city cured, 4Rc, breakfast bacon,
Mcstern cured. 4.V , lard, western refined,
tll-V6c' lard- uro --t-r. kettle rendered,
I'oru Products. I7' 4
do pref .. .102 102
Crucible Steel . 57 U 56
Cuba Cano Sug 31 304
do pref ... 81 81
Deere Co pf. . 91 9T4
Den & 11 O pf. 10 14 10
Domo.Mlnes .. 1314 13 Va
Distlllora Sec . 4 8 14 48 14
Krlo 19", 181k
Urle 1st pr. .. 32 ,4 32 '4
ilaston Wll .. 31',i 314
CJen Cigar Co . 48 48
fien Kleo Co. ..151 M
Cen Motors ...126 126
do pref 82 82
C.t Nor pref . 97 "4 97
do Ore subs 31 "4 3U4
rjieene-Can Cp. 49 41
liulf Mutes Stl OS 68
Haskell ,t Hkr. 47 47
in-ilr.uion Cp 48S 47
lnterb-Cons Crp 7- 7 '4
do pref ... 3t4 .10 '4
Int Mer Marino 27 2d
do pref ...113 112 "j
Inll Paper . . 31 'i 31
lull Nickel 32 it 31',
Int Ilap Tr pf. 80 14 1',
K.111 Cv South 20'j 21M4
1 Ivellc-Slcir ni.f',1 117 1. fiTl.
,'' -i -. ,
1 I. .
47'i I
102 ,
57 H
304 1,4
81
93 m
10V H
13'4 H
481
194
32k
314
18
151
126
82
97
31 ".4
49
t,8
17
48
7 '4
30 U
Hid
6 4
4
I
1
1
-r -v4
1T
nnd Leading Houses Sell.
Oats Loses Ground
i
Curtailed to Prevent
ICeirierott Con 36
Stop-Loss Orders Are Kearhed i Production in (Joodb Trades j M,1:i',,,cJ;, ' ,no
.via .Motor J9 ',4
do 1st pref. . 52
,1,. efi i,.ne oi
I . '"' -" ,'. . . . .
AecunuuaiioiH
71
lno
ChlcBgo, Dec 7
There was general "dllng of corn this
morning and tho market was weaker,
with support poor Stop-loss orders were
reached and all leading commission
houses had orders lo sell. Ijcal Inter
ests also offered.
l!i removal of many lestrn-tlons sur
rounding future trading In eoarsti grains
was tin fi-ature A larger movement
was predicted for next week
December opened 1 o in lower, at
$1 321s January was quoted at $1 304
to ?1 30, againut $1 36's at the end ves
terday and declined to fl294. l'cbru
ary started at $1 29t to $1 29B, against
513U4 at tho close cstcrdaj, and re
ceded to $1 287a
Tho ai rivals hero todav wcr(. 211 (ars
O it.s alno lost ground under selling
bv local Interests and important com
mission houses General support was
pot pood
The arrivals lure todav wcie 170 cars
Private cables from Argiutina said
(li.il the weather I hi re watt hot and un
settled tending to delay culling of wheat
The receipts of wheat at Minneapolis
wero bio ears, against 183 ears lust
vear; at Duluth, 112 cats, compared
with 132 ears a j i ar ago, at Chicago,
151 cars, against 26 i ars and at Winni
peg, 838 cars, against 612 cars
Vest rdas a
New York, Dec 7
I'lnlit-taking was continued In cotton
todav artel tho market was weaker, al
though buing at times led to rallies
Hedge-selling against jeslerdaj's spot
luslness also vias noted.
Willie) spot and export news remained
favorable advices from tho goods trades
lrdlcated unsettled conditions, with pro
duction curtailed in some cases in order
to prevent accumulations
Spot sales at southern points, making
reports to the exchange here, aggregate
65.000 bales for three days and 19,000
bales on two davs, each with a jump to
27.000 bales on I'rld.iy This business
was at steadily advancing prices
Heneweel rcallI'ig gave tho market an
easier turn late in tho session The
closo was steady at a net decline of
15 to 70 ,'oints.
leatordttV'H 'Iodn s
close open High l.ec e lose
21 'J. I'S ir 27 7.-1 27.7.1
J7 ii i ;!, so in no a, ro '.'n ti
'.'.. li" '.'." 4"i li." S4 .', 'Jt ::, 43
J.'. 07 J4 on .'4 ll'l J I .17 1!4 (HI
L'l I". ''.l sir '.'I 30 J,! Sil as bl)
L'J In 'J no '.' 13 21 S3 -:l.S3
Dee e nib'T
lanuiry
via r. h .
Iu . .
Julv .
Ocleeber
X. Y. BMv STATEMENT
REI'INED SUCARS i
Tho market ruled (Inn on a basis of lie I
for fine granulated
DAIRY PRODUCTS
. CHnnSC Tho niarkef ruled strong with
demand ubsorblns the limited offerings. The
quotations follow : New York w-hote-m!lk.
fancy, fresh 30"437e. sp-clals higher, do
do. fair to good, fresh Sl'4 IS 3e VVIscnu.
sin. whole-milk, fancv. 30v437c: do. do,
fair in good 354 36c
- BUTTKR Tho market ruled steadv bul
truda vcas nulet as usual on the last day of
tho week Quotations are as follows .Solid
packed, crenmers extra. (ISe, higher-scoring
goods. 0'l6 71e the latter for Jobbing sales
ojtra firsts. neJJMV-i. tlre(s (,1&H3, k- ond
i.'.Hl'V0, 'aiiey brinds of prims jobbing at
7274e fair to gooil ll0O71e
UGUH Kino new laid egg3 were w.ll
Cleaned up and tlrm Following were ih
ituotallons lree oises nearbv llrsts. JJlej)
21.00 per e rate curr.nt recehus j'.'o 7o pr
ease, western extra firsts t214r21b(i mr
M; rlrstR. $20 4(l2(l 70 per e ase. Inferior
lots lower storage . ggs Jl'.'d'ir. i.u pt
e.isi selected Iresh jobbing at 7(Pf7So per
do2en
TOULTRY
MVI Tho market was ejuiet and wuh
out lmporlsli( change The eillotatlons wr
fowls according to quillty JsiuS'.'c. Spring
chickens. HcrorelliiK to iualit 2"f"s,
roosters. 20.'le dueks pekln .l.'Osse do
Indian Runner .'SfriSne geese SHtj'e tui-
Kty, . W-'Sc guineas joung per Iialr
weighing 14GPJ 'Us ape(!, MW110.
mailer pUeailOWs, guineas old per
pair, 7..WSII Pigeons old per pair. aiJ'aM'ei
do. oung. per pair, la30c.
I'ltESKKll Trudo was slow anil there
were umple olferlugs at foinier rat.s Que-latlona-
Turkes spring choien seleeted
.'IUP4Uo flu, do fair to good. 3"i3Se do.
llo eolnliifin .1(W:n. do, old Toms. 3lj 3l.e
do, old hens Sa'tf'lTc Fresh killed fowls
In bbls fancj, dr picked I-ane y seleelel,
.Ides weighing 4' lbs anil over a piece
.-iMtc; weighing I ILm apiece ljecj Si
small eliea, McJ3U flbl roosters dr
picked. 27c Roasting ehlckens western
dry-picked In boxes Weighing C-j lbs and
over apleen 3l',o weltlllllg 4 lbs apleee. 3ac.
Weighing .'Hn Ihi epleeu .llSi.lle weighing
2li 13 lbs atiie.ee 42.1I IfnuMilm.
VhlckeliH. wist Til ll bbls -Weighing I lbs
lnl over upiei. 31c weighing 31 lbs
liplesv, 32c w.lsbliig '3 Itis nplcie js
Cil3e llrollilig ehlikena vveUhlng l1.. u
Iba. apleee. IJftiMIc Ducks nearby fanev
spring. WU 42c do western dry picked 3s
OC-Rle Oeee Veslerll elry-plcked Choice
'.I') 4(320. fair to good 71' 20c rlqunhs, p r
ilcusen White, weighing 11 to 1; lbs per
deiaen. tsiia 2.1. white, weighing n to 10 lbs
per doiten, j?71i7 50. white, weighing h lbs
rear dozen, $6?(i ,1u, do, do. 7 lbs per doeti
ll.oOdl'S, lo, do. liailli, llui per doze-n. :i ff
4; dark. II 50&2e0. small and No 2, 51
2.60.
J'HESII FRUITS
Open 1llgh
l ol ii (new deliver; )
In 1 30 1 Sn'-a
leb . 1 IU'-j 1 M
Oats
Ian 7J 724
Feb 7C 7 J
Lard-
Jan 211 1.1
Mil) 'J J 15
Ribs
Jan . 2.1 DO
Vla 24 80
l'ork
Jan
JIa 45 00
1 0V lose) close
1 27' 1 2.'-:
1 J7Vi 1 2s
2e. 20
LM 15
:1ljJ
21 80
4S 15
21 00
48 (10
71',
71 Va
I .10',
1 M
7J1.
ill 21
.0 la
21 0J
JI 77
48 10
45 00
4 .10
10 (JO
CAIN IN BANK CLEARINGS
Dcircase in Average and Increase in
Atluul Loans Actual Reserves Higher
New li ork, Dec 7 --Tho New York
bank statement this vve-ek shows decrease
In average and increase In ae tual loanH
Average reserves eiee'rease and actual
increase. Time eh posits arc lower in
both e'.ises
Details follow
AVLRAfli:
ltie reae
Loans . 54 621,381,000 M31. 708.000
Xnf ilniOHiiil ill -
posits .. . t3 7S3.in.non
Net tlmo deposits
52
21
Mex Petrol ..lOOti 151
Miami Con Cop 24"-4 244
Mldvale Steel.. 4474 447
M ct St L now. 14 13
M Iv & T . RU 6
Missouri Pacific 28 S
do pref . . 68S
Nat C ei. Cable lGJt
Nat Iln AV Stpd 46
National Lead. 67'j
Nov Con Cop. . 19
N O Tex & Mex 35 ',
N V Dock . 24 it
N N H & II 36
N Y Ont A. West 2H4
Northern Patlflu 96 '4
1134
31
32
79 U U
20J4 ..
(.7(4 4
36
714 -f ?s
loni3 4. i,
2S
52 -r- U
21 "j
244 '"si
44 Tl
M
Ohio Cas
Owens Hot
Pacific Mail
l'an Am Pet.
Penna U P.
Peoria A: Last
Pitts & West
Plerce-Arrow
Pierce OH
Press Steel Car 61
Hy Steel Sprg. 73'i
Ray Con Cop .
Heading
Uo 211 prer
58
16
45
bi
18",
35 i3
24 '4
36
21'4
96
43 4
58 '4
.13
64 4
47
5'i
36
43-
16
61
734
22 t,
81's
38 '4
75
917
8-s
15U
31
7s
21',
314
102U 101',
31
52 14
47
26';
185
14,
80'-
qei
74"4
43'4
58 14
33 i
61
47'4
514
36
41
16
a
84tB
38 '4
Total for "Veek 10 I'er ('ent Greater
Than ame Week Last Year
Total bank clearings, of all the clear
ing houses of Hie 1 nlted States for
the week ended today have, been
57,254 269,790 against $6,070,095,326
last week and $6,560,821,564 this week
last -.ear Philadelphia's total was
$345,432,745, a gain ovfr tho corres
ponellng week last ear eef 5 7 per cent.
Details follow
1918 1917 Tn.
New York ti 3M.71 121 $3,ll7'.'.Hin.l1l 10 J
e hie ago H17.12I s"il 4 II .til HIT .1 H
Phlla 111 4 1-' 741 .IJll TnJ ll'is 1 7
lloslim JSI UO lies l4ll.ll4ll.4.-.t 1.1 J
Kali l n le.J Ul.ils.l I M), (111 1. 1)87 'ion
Ht IJllls T i in en I
H l"m Isco 1 I'J 11 III 3.11
Pittsburgh Hi'l HI .14 1
Detroit els li'MI 7S7
Haltlmor' Tl 414 IMSI
N. Orleans 04 301 s 10
11
Circulation
Cash In vaults
Resorve In mem
ber banks .
Reserve In Mate
banks and trust
companies . .
Reserve In Stato
banks and trust
companies' d ei
pusltorlea
Aggregate reserce
Reserve rcetulred
Surplus
jspee ie inciuueu
l.".2.mi.ono
:ia..11ell,OUO
J10S.U45.OUO
n.rjn.ooo
1,517.000
80 000
420.00U
530.710 000 11 039.000
10.62 1 000
9,1117 noil
5M1.314 mm
5liO.777.ie10
5.1 571! 310
aS MIT UOII
n (ino
10 8.10 duo
1 HH 730
12.810.730
tunltoel
-ue-
149 1711,4011
SII.MIl.llll'l
(14 1'J8.(IS7
4 4 .IIIS.OIJ
.til til 407
OJ.054 081
ll J
24 7
7(1 (I
.11 (I
Hi 2
37
cities
davs 11.201.912,947
Other cities.
a dass 952.079.800
14.710,373.582 10 3
850.008,t9 12 0
'I I nil elites
1 davs 14.151.02: 807 J3.56el.3SJ.57l 10 6
CM (.lltci 1
' day 1 10024H983 914. 438.993 111.0
T'l all cities
fur w k J7.234 2e.'l 790 fl 50O 821.504 1
Decrease 11'artly estimated
IWUKKAl, BANK RKPOKT
000
5J 340 000
1.SS0.000
208.000
1.7U7.U00
13,891 0O)
Stales dcpuslts deducted, SJQ5, H7 010
crease
Leians ' 14. 1.70.341. 000 $47.33;
Net demand dcp.T3.eliei,K7l,ois)
Net tlmtf dep. . 15.1 UJJ.000
Clreulatlou . 31.014.000
I'ash In vaults. 1107.847,000
Reserve in member
banks ... . 653.203.000
Reserve In SMitei
bangs ami trust
companies
Reserve III rltnte
banks and trust
eomp-vnlCH deposi
tories
Aggregate reserve ,
Reserve required .
Hurplus
JSpeele. Included
trailed States ds
posits deducted . .
Decrease
OlTMDt RANK STATCMKNl'- STATE
Rep Iron & Stl 751...
Hojal Dutch . 95 7s
Saxon Motors Si.!.
St LSD . 16 '4
elo pref . 32't
Scab Air Line 97,
do pref 21 ',
MnclHir till 34'.,
Sej I 'ae
sn li H . . 51
Studebaker . 52
suit. Motors 19
Texas .V; Pao 29
Texas Com. . . .185
'I bird Ave II It. 15
Tobacco Pro . . 81
do pref . . 99
1 n Hug & Pa 71 ',4
Colon Pac 130
do pref . . . 1 3
I'ni Alloy Steel 38 '4
I'nl Cigar Strs.l074
I S Ind Alcho.100
IT. S. Rubber . 74 '4
IT S Hub 1st pfl08
IT S S & It Pr. 47'4
U S 3 & R pr 47
U S Steel SR
IT S Steel pr ..112
Utah Copper . 78?i
I'tah Sec Corp I4t
Va Car Chem 54
Via. C Chr pr 112
Wabash . . 10 'a
Wabash pr A 38i'
West Maryland 13
West Pao 23
do pref .. 63
West Union Tel 88 '4
Westlng'se Mfg 434
Wheel & I i: . 10is
do pref ... 20
Willys Overland 26 ,;
do pref 87 "i
Wilson Co . 72
Wortli P&Mach 56
do pref B .. 68
6 14
28
58
16t
154
t.7'4
19
35 '4
244
36
2114
96
4314
58 '4
33
65
4714
5".
36 "
14
16
61
731.
22 1,
84
38 '4
75 '-j
95
8",
16
32'4
9 '4
21'-
3414
102C,
314
52 a.
49
29
185
144
80 74
99
74 U
4 iu
1 .
--
Aelna llvploslves .
Am-Ilrlt Mfg
Am Marconi
Am Writing Paper.
Air Reduction
Canadian Car Co. .
Can Car & I'"dy nf.
Charcoal Iron 7
Chevrolet Motors ....110
Cramp 85
Curtiss Aeroplano ... 12
Carwen Tool 7
Carbon Steel ......... 90
T'merson Phonograph 1
Menace Mfg .
Lake Torpedo Hpat.
Lehigh Coal sans
lama i,nco
Maxim Munitions . .
N Y Shipbuilding. .
Nor Atner pap pulp.
Otis Llevator
Peerless Motor . . .
Poole ling
Scrlppn Booth
Standard Motors
Steel AIlojs
Subnnrine
Todd Shipbuilding . . .
Triangle Film
I'nllcd Profit Sharing.
IT S ste.imshlp 5 !
Cnlted Motors . . . 31'
World VII m. i
Wright Martin Air. 4',
Zinc Concent 1
e esL closo
Ask (sale)
4'4
2'i
56
28
70
10
"
. 87
35
15
40
15
8 'i
8
11
91
4
6?i
6
4,
32
65
36
80
8
150
90
1
D
100
l?i
20
2'4
91
41
40
2T4
60
17
60
30
9i
8Vj
12
100
J 4
B'4
31".
Vj
4U
ova
'li
IIIIMW
... . High lajw Close
$1000 City la H
reg . . 90 90 96
1000 HI ft Peo
Tr 4s . 72 72 72
500 Lako Sup
Inu 5s 57 57 57
1000 Leli Val
Coal 6h100'4 lOO'.i 100',4
-UUV JvIO ISOIltl.S
l'4 . . 96 96 90
1000 do j til
4t4s . 95 9"l 95.91 95 91
3000 Phlla HIco
1st 5s.. 944 944 9114
Total sales. $9100. compared with $30,700
eslerday; this week, $351,(150; last week,
I4JO,400.
Net
ehgo.
I U
STOCK TRADING FAIRLY ACTIVE -,
ON THE PHILADELPHIA EXCHANGE
General A&phalt Common and Preferred Adjvancc.
Tonopah Belmont Shows Most Momentum, but
Ts Unchanged Market Tone Steady
Trading in homo slocks was fairly active on tho Philadelphia exchange)
during today's shott session, "although arbltrngo Issues wero neglected. At
tho opening tho market totio was firm. Later a few Issues caino out nt a
slightly lower lev and son'io others scored advances, making tho list Irregular
at tho closo.
Thc.ro was 11 fair turnover of General Asphalt common, which advanced
fractlonnlly nnd tho preferred was dp 1 point, Tono-Jah-Belmont, thb active
leader, remained unchanged. On small turnovers, I.uko Superior Corporation,
Transit certificates and Union Traction wero slightly lower, and Keystone
Telephone, Philadelphia I'lectrlc stock and warrants, Philadelphia Traction
and Insuranco Company of North America closed unchanged. v
Transactions In tho rails wero uninteresting, Pennsylvania yielded a trill.
Lehigh Valley, 011 small sulcs, lost , Chicago nnd Northwestern dropped ,.
and West Jersey nnd Seashoro appeared unchanged.
Steel common was dull, but in line with Its courso In Now York was
higher. ' -
Local Bid and 'Ashed
Toelay
Hid Asked
American stores 29
Hurt & Sjusel t e del
do preferred 51 50
Ilrlll, JO. . . L'l
Haldwln .... 7.1 7.1'4
Hlectrlo Htornge 53 54
Oen Asphalt 3(14 37
do preferred 74 744
Keystone Toln . 10'4 11W
do preferred ... 49
Lake Sup Corp.... 17"! 18
Lehigh Navigation . 7l"4 72',4
Lehigh VWley . . 00 OOVj
Lehigh Valley Tr.. 12
do preferred ... 25 . .
Pennsylvania ... .47 47'i
Phlla Hlectrlo .... 25'4 1:5(4
Thlla Co 3H4 2l5
do 5 11 c pref.... 30 31
do 8 p a pref. .. 33 34
Phlla Rite.,..., 20'4 2(l!4
Reading 84 84V4
Tonopah Helmont . 'M 244
Tonopah Mining .. .1 n
Union Traction .. 41 41S
HOI 73'4 78
IT S Steel ... . Uli'I 90'4
Vm Cramp & Sons SO 83
York Rallwaja . . 7Ji ..
do preferred . .. 31'4
Yesterday
lit 1 Askod
IM..
55
:s
57
74 14
.13
3
7.1(4
11
VA
00
12
2.1
47
5,1!
80
33
2(1'4
83?4
41 '4
m
80
ai'i
5 4
37
74
111
40
IS".
72
o'4
31
34
20'5
h
.3
4J
73
I'".
83
l!S
r.T4
31
'IU
hTANDARD Oil
.15
fi74
5"i
1--I
4
V4
4
-1- "a.
Va
't-1
- V4
f H
1..
' 'a
I-
I l'i
4 '.
13'
7t
21 '4
H '
H- 's
H
-HI "4
1 27,
-'-
'4
129H 1298
71 73
38'4 38'4
107'4 107?
100 100
-f
73 74
108
47 H
47
V96
111 '4
78 V4
144
54
112
9a
381-4
13'4
22 ',3
60
88 14
4334
10 '.4
20
26
87)4
7(1
65
68'4
H
F
4 2 "
4-1V4
'.4
u.
73 74
108
47V4
47
964
11154
78
14?4
51
112
10V4
38 14
13--4
23
63
88 '4 4
43 .
lOt- -.
20 T 14
2V4 4- i4
874 4
71?4 41?4
66 f 1
68V4 --l
Illinois . . . .
Ohio 315
Prairie Pipe 279
S O California 230
S O New Jersey 580
S O New York 282
l.MIKl'KMIKM OIL
Hainett Oil & Cias. .. '
Cosilen S. Co..., .
Mlk Basin
Federal Oil
Inter Petrol . ...
Houston Oil
Merrltt Oil ..'...
Midwest Refining. .
lift Petrol
Ohio Fuel . .. .
Oklahoma Ref . .
Sapulpa Ref
Seouoyah
Sinclulr . .. 19
MIXING STOCKS
Atlanta 5
Big Ledgo 1
Butte New York . .
Con Ar!,-
C F S & Jerome .
First National .
(ioldfield Merger .
(ioldfleld Cons
Coldtleld Florence
Ooldnelel Kewanas
(eteeu Monster . -
Wf.,ti Vllnlnt,
, , ... -,...., .i,i, .. .
' Howe Sound .
I Indeiiendenco Lead
Jerome Verde . .
Jim Butler
Jumbo extension . ,
McKlnle.v-Darragh
Magma Copper . . .
Mother Lode
MineH Cci of Amerioa.
Nevada Hills
Nevada Wonder .... '4
Niplsslng 8 '4
Ohio Copper
Hay Hercules 34
San Toy 8
Tonopih Kxtenslon . 1
United Verde , 36 V4
West nnd Con 1'4
White Caps 13
Yerlngton 4
158
326
283
233
68 1
STOCKS
ill
'4
6
2 '4
15 ',4
77 77
22 V. ..
.1J4'4 135'2 1J44
1'4 lta 1IJ
13 17"
9, 94 .
6, 7
V4 rk A
20
2X
1
25
15
5
.
t'4
2',
Vj
38
14
15
29
'34
3
"4
B'4
ft
48.
29 'j
36
1
6
374
1?4
14
l'4
','
Sr".
6
PHILA. INACTIVE STOCKS
Following are quotations for Inactlv
stocks listed In the Philadelphia Stock
Uxchange-and In which there Were no
transactions today. The price given Is
trie last previous cinse:
Acme Tea Co 7D Lit Bros .... 2SH
Alliance Ins . 19 Mlnehlll 51
Anier Gas .. 74 "4 North Central 76
Am RH pref. 69 7 North Penna. 94
Am Stores pf. 90 Pa Na Bk pf.275
A H War ... 714 Penna Salt . . 86 V4
Am Milling . 10V4 Phlla Co ... 31
Am Strs pf. 90 I'hlla Co pf .. 31.
Brill J C, nf. 64 Phlla Co cm nf 3 4
Buff & Susc) pf 56 p R ctfs 26 V4
Buf & Sua to 66 P R T 26V4
Camhria Iron 394 p R T ctfs.. 26',4
Camb Steel .123 Phlla & West 6
Cataw 1st pf 52 Rwys General 2
Cataw 2d pf 54 Tonopah Mln 3 '4
Illec Storage. 51 I 1 1 72Vi
Fourth S N B.180 I'nlon Trai: . 414
lit & B T .. 10 West Coal .. 73
Hunt&BT pf 16 Vj Wm Cramp.. 85
Lehigh Nnv . 71 York Railway 7V4
L H Trans pf 25 York Rwy pf. 31 14
Little ,Schuyl 48
GOSSIP OF THE STREET
'dividends Declared
Manatl bugar Company, quarterly of
ls4 per cent on preferred, pavable January
2 to stock of record, December 14
Savoy Oil Company, quarterly of 3 per
cent payable December 23 to stock of record
Derember 12.
cunadlau Consolidated Rubber Company
I.tel, quarterly of l per cent on preferred
pavable December 31 lo stock of record De
cember 15
California Petroleum Company, a dividend
of J per cent on preierreu on account or ac
cumulated niviaenns,
4(1
15
35
110 383,01)0 '22 000
'lotal sdles. 184,800 shares, compared with
30J.300 shares sesterdav, this week, 2.467,
300 shares, last week, 2,342,100 shares.
S 70,0e)ll
57L' 391,000
001.774.300
711 H1B.070
5S,4UU,UOO
210.717.000
12 0011
13 .WT.OliO
ll.871.OHii
0. 135,920
Loan investments
t.old
Curreno bank
notes
Deposits Federal
Reserve Hank of
New York
Deposits
Reserve on aep
HANKS
$179,011,10(1
9,725.801)
Increase
$1 738.000
115.600
02.1,800
Ratio
of Reserve to INet Deposits
Hiows Good Increase
The Federal Reserve Bank of Phila
delphia, in its weekly statement reports
a ratio ot total reserves 10 net ueuusii
and reserve note llabllitv of 41 9 per cent
I us eomnare-d with 39 5 ner cent tho week
Demanel was only moderate, but values I before.
v.fei.a lis ftllAjl blfiuilte. Tilt jlllnf lllli.nfi . I ...u. - .-! ..
.. y..r uZ follows Apnea. New Vort mr I . ? increase in reserve I er.e "laKevvu,
K- kirrel Hall Pipnln 44.iO. sinovv $i)0. uue lo an increase or -i,.jii,ui a in i -
-4 eipjg. sl.ftOW" (e llalilwlll linn I.e. null I Server! UlIU u ceeeic-a--c- ui fl,. o. eee
. u mr.-,,,,,., v,..u. ,n,,wu. njiHI OiirillllK ice(.ei ,uei lacci eeciii t,eo
s. j-rniwMVH in iina r,,,irted lit $198.320 228 ag.l list $203
imviK -rli -jii-fv-i ii, -:- .. . . ..i .
t J. Ml b 4 Ml Hiitynirfti AViliPBJti. I40 &'J,UBU Hie "WetK re, lilUH'UKIi in
g&a.MU -yorlc inuierU! $4it2:i .AppUh. ner,
''-' f! '-ft-biiali. baukt, -JiK'ttTSI U". do pvr bUMiel
ft Imtfknt, ll f App1h. wtHiTii, p-r box,
l-i, teswo iu, uvniona, pi-r n. -"O" urttinsfii,
f- A PlorlUa. pr utriip, J31 Opappfrult, p?r
Est u.JL box. J-'tf, '. CrnnberrlrB. Jcrupy, r-r
y?U buibcl box, tJ3 50, do, do, per bbl.. ltf 15,
.rfffWi-nfC
' tax.. i . i -. ..l..i !... n .
Jim iriiTHi innn-i -nun mii"-. i-(i iirin,
QfitifttatlonM arc t fotlowtt AMilto potato!
.--. t'unlxrii Hlutrp. npr bbl tit 1. 13JP3 L'i:
tfo. L. $SS. Whit potitces, Norfolk, per
- mI (0. -'I do. Jerpv, pr S buh buultft
T ftlslifL. Va Jll (it, l.lbi ll'hlln avr.1 j
" jo. f akasi lnnniil-futiU. No 1 iMr 100 Him VI 411
"'' lurd-iton, tlw'3() Urei
h Hrltl, Mlf.V ipUb
.,
:iu,2vo
401.000
J 371.000
24.97,500
324 100
BONDS
Bethlehem 7s (notes) 100V4 lOOVa
Cosden Oil 6s 82 85
Cosden it Co 6s ..82 85
Cudahy 5s 101V4 102
Russian Gov 6'4s ..67 69
Russlnn Gov 6V4s .. 65 67
Southern Railway 5a 99 9S',4
Slnclah Oil 6s . . . . 82 85
Todd Shipbuilding 6s 105 108
3
ii
65
69
New York Bonds
High
$14500 Anglo-Frch Bs. 96'4
1000 Am II & Ii 6s. 99 V4
26000 Am For Sec 6s 99
13000 Am T & T 6s 1024
1000 Armour C 4V4s 86 V?
1000 Bait & O 4s.. 83',J
1000 do cv 4V48.. 84
500(1 Hetli Sti 6s '36 85
J.ow m Close
96 'A 96 '4
99V3 ji-n,
99 a 99 4
102!), 102
In ailelltlon tn reculaf
quarterly of 14 Per cent on preferred pay
able January 1 to stock of record De
cember 20
Twin CUV Rapnl Transit Company, quar
terly of l"i per cent on preferred. paable
Januirv 2 to stock of rerord De ember 16
Certalnteed Troducts Corporation, quar
tern of I per cent on ilrst anel second
preferred, pavable January 1 to slock of
reeord December 20
R J Reynolds Tobacco Compans. quar
terlynf 1 Per cent on preferred and 3 per
cent on common and class IJ common stock,
payable January 1, to stock of record Decem-
Mor.tgomery. Wnrd & Co quarterly of
1ai per cent on preferreel. livable January J
to stock of reeord December 20
North American Company, quarterly of I '4
per eent. pas able Januur 2, to stock of
record December 10
American Hewer l'lpe usuil divldenl of
fitly cents, pa'uble December 20
LIVESTOCK QUOTATIONS
Chicago, Dec. 7 HOCIS Receipts. 3.'.
000 head. Slow" trading conllned to good hogs
such selling steady to lUe- lower. Light and
packing grades neglected Rig supply of
hogs going over In first hands, thousands
without bids, killing fatllltles being oer
. 1 re. una iiml.rn elieht unecelilv lower.
Heavy butchers. $17 Ml ft 1 J 73: medium and
uecnt nuicners. ni.iiieei, .'. .'i..."
$17.6r: heavy packing. Jill TBW1T.1S, me.
Slum an.l light packing. $174 17.5... tl row
outs. $17.75010 50, Pigs good to choice.
"f-ATTlifa Receipts. 5000 head. Compared
with a week ago. best steers" 2.1 to 50o higher'
hulk butchers" stock .10 to 73c higher, but Is
"3 50o higher; calves steadj . desirable
feeders stiong to 2.H. higher: others steady.
siiprir-IlecelPts. anno "head Compared
with week "go. Tat lambs 1a to 25e l.lgjicr.
veaVllngs niostiy 50o higher, wethers 23 to
5Ug higher.
rltlsburgh Dec 7. HOOS -Receipts. 7500
beVdPteady. Heavies and heavy sorters.
J1B75W17: Pigs. $10 504el0.75. , , ,
SI1EBI- AND LAMBS Receipts 1000
bead! Steads. Top aheep, $10. top lambs.
'"e-Al.VES Receipts. 150 head Steady.
Top. 20. L.V
8614
83 T,
84
83 74
84
85
RAILROAD EARNINGS
RU'CALO ROCHKSTKR AND PITTS
Hl'ROH IS1R Increase
I nurlll week Nov $414 527 $18.'J3.1
Month . . 1 444 1123 L',410
ORAND TRUNK RAILWAY
Fourth week Nov . . $1.09(1 9i'l $773,111
CANADIAN NORTHKRN
Pourlli week Nov $1,354,700 $171,1004
Decrease.
11,043,600 I (IJ1.100
071,455.500 11,013,000
1IU.188.30U 2 869,400
l'ercentage of reserve. 21 9: decrease .1
TRUST COMPANIKS
ll-oali tnve3tniellls$l,UrJ.0H4,4no 920. 11)0
Curreuey b a ir k
bllla i. lO.bO 1.300
Deposits Federal
Reserve Hank of
New York ... 187,612.000
Deposits 1,891.97(1.7(10
I,....,., nn den rfi0.327. 500
reroeniage 01 reserve, in ; iirtrnam
&TATB RANKS AND TRHST COS NOT
Hr-l-ORTIM' TO CLKARINO 1I0UPB..
Iian investments $701.7SJ,n(io $i.ii,i,joo
S.U4U, i lev
2000Hoideaux 6a ,100?4 100?4 10094
86 ft
88
65 V4
9 5 ',4
82
81,
98
97hi
5214
74 Vi
bank
iralii
.J,1".".''..
''s', lew. I'ennsslTunla. No I m-r 100 lbs $'.' 41
'. ' ei'i.TV Vtlillo nolatoea. fanev. Maeuugle
, .3l3.Jii. do. No. 2 $l.UT-30 Hweet
,bii iteien. Jers'S, Per basket -No 1, $1 15
.JnTe! No " 7.'eWlk'. Httfot leotatuea Mast
PM.rll. Sweet isitatoeg, llektwarn and
SCM.I1U, irr ueieic iimiiiisti mu. 4, v. ,eew.
VVljitv, e.iciiwiue. j banian, secei. er
MIVM . ein
midweek It ran In excess of $207,000,
000 which was a new mgli lecurd
Federal Reservo notes wero virtually
unchanged at $223,981,165.
MONEY-LENDING RATES
rHILAIiCLrillA Call, 6 per dent;
time, 634 6 per cent. Commercial pi
pers, three to six months, 5iPH per cent;
six months, 6 per cent.
LONDON Money Is ouoled nt 2 per
cent Discount rate s. whorl bills and
threc-monlh bills, 2 17-32 per rent.
Hold
Currency
notes
Deposits Irdersl
Reserve Rank of
Nw York
Total deposits
Tset dcleuslls
Reserve, ull dep
1'ereentagn uf
Dcclcase.
15.012.500
97,000
111.000
.11 1111 too
7411,373 100
(173,s."iH,!inil
1'JI 732 7110
reserve, -u
I 1.37.000
3 1UI.S00
r, 290 7no
3 .193'JOO
decrease 5
nlons.
vejloeer. reel
1, $1.18(-l,t; No. (eOCVOo,
100-lb.
II NK CLEARINGS
Hank ftetirlnfrH lotliiv sompure'J mill mr
responding dayst two ,ff. wn
iii a ". tao irj vti"i. Ana tli Tn ttnn
JJoJloa ". &WJii 4ll3v0,.07': 39lS72:3C 17,86 asked.
FOREIGN EXCHANGE
Nevr York, Dec. 7. The foreign ex
change market today showed a contin
uation of the extrcmo dullness which
has featured the week. The tono In the
main was steady
Quotations were:
Demand sleillng 4 "64. cables 4 78ti.
Sixty-day bills, nominally, l.733t ; nine.
ly-day bills 4 7134.
Franc cables 5 75, checks (1 75
SwImk cables 4.90, checks 4.93
Guilder (ables 42'4. checks 4ii,4
Pesetas cables 19.92. checks 19.86
Stockholm cables 28.90, cheeks 28 faO
Clirlstlanla cables 27 90, cheeks 27 60
Copeiilingen rubles 20 90, clux'ks 26.60
Ruble currency was sluggish, with u
tendency downward at 17 bid nnd
NEW YORK COFFEE MARKET
New York, Dec. 7 -The coffco market
was without fresh developments of an
kind
The trade continues to await the out
come of next Monday's meeting, in the
hoard room or tins exchange, at vvnicti
timn the members will have an onnor-
tunlty to discuss, in open meeting, the
general situation and to decide whether
or not it will bo advisable to open the
exchange ror trading in ruturc, wmie
regulations of any kind continue to be
held on any branch of the coftco trade.
Cotton Buyers and Sellers
New Inrk, Dec. 7. December Rus
sell nnd Cone bid
January Newman, Bartlctt, Royce,
Gilford, W. Gumorns and Geran blel;
ttnnklns. Schlll Hroclks. Geer. Kleffer.
Cone and Grunlhal offered.
March -F. Hartcorn. Newman, Geian,
W UumoeiiH, Stelnbacher, Glover, John
ston and Beardslcy bid ; Hopkins, R
Iluhbard, Flggatt, Brooks, Cone. Bur
nett, Van Vllel, Slgel, Glfford an,d New
man offered
May Downs, It Hubbard, Monler,
Fllnn and Morrison bid; V. Hartcorn,
Geer, Bartlett, Wleck and Waters of
fcred. July Rlordan. Cone, Waters and V.
Hartcorn bid ; llyman and Van Vllet offered,
AR SILVER
Last ' IU1R .
Today Yes Hat, High Le
N Y (eeulsl.inii. lOl'l lnlij lllli; s.l'd
lAiidon(pcnce) 48,. 48r 484 49(4 42Vii
86 V
88
654
96V4
82
81
98-h,
97
62 V4
74
103
18
03
"BULL" MARKETS
IN METAL SEEN
Prci-rnt Extreme D.ilhicss Is
Calm Ucforc Storm of Pros
perity, Declare Brokers
Notwithstanding tho extreme dullness
of tho stock market yesterday and for
several days past many brokers aro
extremely optimistic of tho future. One
of them, representative of his class said
yesterday that beforo six months this
country Is going to experience the great
est bull market In history. He was speak
ing of coppers In particular at the
time and called attention to tho fact that
though they had all paid their div
idends thoro was no appreciable
effect on the market. Nothing, (ho
said, It would seem, would "affect
tho market at present, but tho wise
ones aro buvintr their stocks ouletly
these days and putting them away for
me time wnicu must, come sooner. or
later. Stocks of the metals, copper, steel,
virtually everything, ho remarked, wero
never at so low an ebb In this country
or abroad. The restoration of prosperous
domestic Industrial relations, so far as the
United States Is concerned, ho remarked,
Is going to bo very swift. It wilt bo ac
complished much more speedily In this
country than In any other, and while do
mestic wants are being attended to, a
big surplus for export will bo under
preparation. Nothing could bo more sig
nificant, ho said, than tho establishment
ot foreign branchesi fh countries which
will need our surplus products, by the
big far-seeing financial Institutions of
this country. "I am a 'bull' on the lu.
ture," ho concluded.
Regional N-stem Likely lo Stay
"The regional sjstem la evidently com
ing to sta," remarked a well-known
banker esterday In commenting on the
statement of Newman II. l"ib, president
of tho Ann Arbor Railroad, wherein he
had outlined a regional system of man
agement which he had proposed to the
Government about one year ago. Ills
statement-was In answer to the ques
tion, "What shall be done with tho rail
Briefly, Mr. ' Erb suggests that tho
country bo divided Into regions some
what after the arrangement of tho Fed
eral Reserve svstcm. He would have
Congress provide for the Incorporation
of a central railroad corporation anu or
regional corporations, one for each zono.
Iu each of the zones the railroads would
lio rnnanUdateel and ouerated as a Unit.
An exchange of securities ot Individual
roads for stock of regional corporations.
carrying a Government guarantee 01
per cent annually In dividends to stock
holelers. is provided for under tho
scheme.
Further details of Mr. Krb's plan pro
vide for the appointment of a majority
of the central corporation directors by
tho President.
" Stock subset Iptlon by each regional
railroad to the central corporation stock
follows the general plan of the Federal
Reservo Bank sjstem. A plan is pro
posed whereby the shareholders of all
railroads could exchange their stock for'
stock In the district corporations, and,
for tho sale of holdings of stocks In sub
sidiary companies held by existing com
panies. The schemo also provides for the re
tirement of the bonded debt of any roads
nbsorbed by regional corporations.
The one nart of Mr. 1'rb's plan which
Is likely to meet with almost unanimous
objection Is tho provision that the Inter
state Commerce Commission would he
chutged with the duty of establishing
and fixing rates Past experience pre
cludes any possibility of the adoption ot
(bin nnrt of Mr. ktob scneme. ir. mo
prevailing bentlment among bankers and
brokers on tho subject is to bo taken a
a criterion.
BUSINESS CAREER
OF PETER FLINT
A Story of Salesmanship by
Harold Whitehead
Copyright.
CCLXIV
THIS is a copy of tho "ad" which I
put In the paper for over Sunday:
SALESMEN wanted; splendid oppor
tunity for any number of -men to get
Jnto the real cstato business ; expo
rlcnccd men only neea apply.
PETER FLINT REALTY CO.
Byloo Building.
Suppose I get only ten men to work
for tne and suppose they only sell five
lots of land each week that s let me
see yes, that's fifty lots, and If they
only sell the cheapest of the lots those
at $250 each, why, that's $12,500 a week.
Phew I I am sorry I did not go Into
business before 1 The 4bfit to me would
be $5000 when the land Is nil paid for.
The 10 per cent, commission" to the
salesmen would bo $1250. Now suppose
It cost me for expenses, otfice rent, ad
vertising and everything else, about $250
(of course. It wouldn't cost mo that),
the total expense would only bo $1500
and my net profit every week would be
$3600.
(Good heavens above, that would be
$87,500 a ear on a twenty-fit, o week
year. Of course, I would only bo able tp
sell land at that rate for half tho year.
I felt that these figures couldn't be
right. So last night I worked them out
for Francis.
Then I said to him when I finished,
"Aren't those figures correct? Havo I
made any mistake In reckoning any
where?" "N'ot a single one, .Peter," was hie
reply. "Your figures are absolutely cor
rect, but you start off your whole fig
uring on a false hypothesis."
"Good Lord, what's that 7" I said.
Ho laughed. "Never mind I Let's put
It another way. You start In with an
'If.' in fact, with two big 'lfs ' .First,
that ou will bo able to get ten men
to work for ou at all."
"That's easy," I grunted. "It would
-be a cinch to get twenty people. I have
an ad In the paper today and I bet you
that I'll have all the men that I want,,
watting for me when I get to the office."
"I Just bet you," -said Francis, "that
you don't get a single man that you
can hire tomorrow. I just bet you the
best cigar that I can buy."
That seemed so easy that I took It up.
"The other big 'If Is that when you
get your ten men that they will average
five lots a week ench. Why, that's a
lot of business to do." 1
"Why, I sold eighty In the flist month
I was In the real cstato business," I defended.
You just kicked up a horseshoe,"
laughed Francis. "You Just had one
bit of luck, but did any of the other
men that worked for that Mr. Lee-
average five lots a week?"
I guess Zlegler did all right, and
therr's probably another fallow that did.
"There you are I" said Francis. "Here
Is Leo, an old hand at tho game, who)
can get only two men to average five
lots a week, whllo you, a beginner, ex
pect to get ten men to do It. If I were
slangy, l'eier, I would tell you to. roll
off your back nnd stop dreaming."
Well, I have my office all ready for
business. Next Monday, I hope, will
see me actually earning something.
lleeelnts
Receipts, 130
Slow, Steady
,DD 'Jll.s.
0 100
! 102T4
Hi 100 Vi
97.60
96.01
95.88
100
102
100 Vi
94V4
89
64',4
I
CHICAGO UUTTER AND EGGS
Dec. 7. IlUT-l'KR Receipts,
LneiianKso.
1000 Chile 6s .... 85 V4
lOOOChes & O cv 5s 88
1000 Chi Gt West 4s. 6514
1000 Chi B &Q r 4s 96't
3000CMiStPcv4V4s 82
2000 Chi It I & P 4s. 81
2000 City Paris 6s.. 98 Vj
lOOODomln Can '31. 97
10000 Erie cv 4s SrB 52 Vi
5000 do 4n 74 If.
65000 French 11 5i.ieS.103.; 103
6000 Hud & M In 6s 18 18"-i
10000 Lie & M V Bh. 93 93
349000 Lib Bond 3 V4s. 97.50 97.20 97.40
14IIUU 00 CV 48 ....93.40 93.:iU '.13.00
11000 do 1st 4s... 94 00 93.60 93.60
482000 do 4V4s ....90.10 96.00 96.01
61000 do 1st 44s.. 97.60 97.40
80000 do 2d 4Vls .96.10 96.00
1523000 do ltll I'i.H. 95.96 95.8
IOOOL5011H 6s . ..100 100
(ei)ii(i Leli VI rets os.ioz
fetiOO Marseilles Gs.,100
200A Mn 1 W I. 5s
" 1923 941,4 9 1 ',4
2000 Mo Pao 6s '65 l!9 89
6OO0 do gen 4s... 64 Vi 64 Vi
2000 Mont Pow 6s. 92 92
7000
3000
1090
1000 N Y Rwy 4s . 4514 1 4514 45V4
20000 elo 5s 17 '4
12000 Nor 1'ao Is... 88 '4
4000 Nor Pac 3b . 62
3000 Pierce Oil '21. 88
IO11O Reading Is .. 89
6000 Sou Pac CV 5s,103'4
3000 Sou Pac cv 4s. 86
5000 South Ry 6s . 96
1000 Third Ave 4s. 66
10000 IT H Rub 5 . 86
28000 II S Stl h f 68.100 100 100
4000 UKoniimi
6'4s 1919 . 9914 99 997
140000 do new 1919.101,4 101 101
3300O do 5V4s 1921 98 , 9774 98
2000 Utah Pow L Co 89 !i 89 (4 89 ,
Tolsl sales $5,872,000. compared with
Jl 1 ,li;nt ihjii yesteraayt inis weeit, foi.oo,
U0, hist week, $55,400,000,
Itrfuictl Sugar Continues Quirt
Newl York. rieo. 7. Refined sugar
continues quiet, -.ivUh all refiners' ajuotn.
lions on the basl-i of 9c. less 2 pecont
jor rasa, ror nno grauiuiaeeu.
ICast nuffalo. Dec. 7 CATTLi:
Jie ncnee ,""'.wa..,1
head r0o lower, $7521.
HOOS Receipts. 3U00 head
a "SllKK P " XXV LAMRS-Recelpts. 21100
head. Steady to shads nigner. i.amos.
$0015 50: others unchanged.
Kansas City. Deo. 7. CATTLE Receipts.
500 head. Nominal. .... ,
HOO.S Receipts, 1000 head. SUady to
"' BHllBF Receipts. 500 bead. Nominal.
South Omaha, Vec. 5 HOGS Receipts ,
700O head , mftn . .
CATTLK Receipts. 700 head
SI IK hi' Receipts. 4000 head
GENERAL HAULING
BON'nni) CIIAUFl'KUBS
RELIAnXK MEN
10 NEW. GIANT TRUCKS
S. 3 and S Ton
Stake and Van Bodies
Ifest Service In Philadelphia
Special Rates by Dny or Week
MIDDLE CITY
TRANSPORTATION CO., Inc.
400 N. 10TII ST.
rhoneai Bell. Wal. 7566i Key.. Rare 2238
Financial Briefs
INYfiftll 64.100 100 ,100
IN Y O 414s '66 98 98 J 98
I do 4 Vis 1963.10214 102 V- 102 V4
17'4
88'. 8
62
88 14
89
103J4
85
96
66
86
17'4
88
112
88 V
89
103V4
51
96
56
86
Commercial failures this week in tho
United States are 159. against 104 last
week, 139 the preceding week and 29?
tho corresponding week last year. Fall,
urea In Canada number 16, against 9 last
week, 21 tho preceding week, and 22
last year.
n.u. t nanr. etlnrlr exchange and the
Liveriwol Cotton Exchango wero not in
session today.
Tho New -York Subtreasury gained
$310,000 from tho banks jtsterday.
NEW YORK UUTTER A"ND EGGS
New lork Dee. 7 UUTTER Receipts,
"917 tubs Higher scoring. (lUVi. a 70e; extra.
Sic Inside' firsts, iKWilsc. seconds, 67'dl
61 cj state dairy. 67 & 58c, Imitation cream.
crrWTa.4n.lnl. 5720 cases. Hxfras. 75
tin. ..en sr.t. 73il74o: Hrsts. 70 72o, see.. J
nnas ilOtiCua: refrigerator special marked,
4"54ctXWes, No. 1. 48060c: dirties. No
2 48447(7: checks. 4440o: we.teni and
aWhern.aalhered whites. 76083c; Pacific
Coast whUes? U0O 02c: Stat, vvhltes. 7(-6r,o:
nJhvgVther"d whiles. 03095c: brown,
70 82c.
Fix Maximum Prices for Steel Rails
New York. Dec, 7. The prlce.filxlng
,,iiio nf the war Industries board
I has fixed minimum prices for steel rails
lat $67 for open hearth and $65 for Bes
semer.
Raws aro
f llllMKO,
LiJUS Jtecclpls. 2131 casf, Unchitutecl. unchanged; at 6.066c for 08 ccntrKuEttts,
.men if urtf I A Vf f .41 ne lenril to find Unless
you to 'to the right place. All ad In the
Ledgers will bring them to you. Mv.
Peoples Trust Company
Of Philadelphia
N. E." Corner 12th and Arch Streets
Our growth during the year has been constant
and substantial, and we beg to express to our patrons
publicly our appreciation of their aid in bringing
about this result. v
DEPOSITS December 5, 1918 $2,733,378.00
DEPOSITS December 5, 1917 1,685,236.00
INCREASE $1,048)142.00
This increase is distributed as follows:
Individual Deposits . . . .48
Saving Fund Deposits. .79
Number of Depositors. .62
We pay 3 65-100 on Saving Fund Accounts
Open an account and learn to save
GEORGE C. BOWKER, President
HARRISON C. REA, Firt Vice President
JOSEPH H. RUBIN, Second Vice President
VAJ1LLIAM B. VROOMAN, Secretary and Treasurer.
ii i.
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Evening public ledger. [volume], December 07, 1918, Final, Page 16, Image 16
About Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942