{ title: 'The sun. (New York [N.Y.]) 1916-1920, December 03, 1919, Page 14, Image 14', download_links: [ { link: 'http://www.loc.gov/rss/ndnp/ndnp.xml', label: 'application/rss+xml', meta: 'News about NYS Historic Newspapers - RSS Feed', }, { link: '/lccn/sn83030431/1919-12-03/ed-1/seq-14/png/', label: 'image/png', meta: '', }, { link: '/lccn/sn83030431/1919-12-03/ed-1/seq-14.pdf', label: 'application/pdf', meta: '', }, { link: '/lccn/sn83030431/1919-12-03/ed-1/seq-14/ocr.xml', label: 'application/xml', meta: '', }, { link: '/lccn/sn83030431/1919-12-03/ed-1/seq-14/ocr.txt', label: 'text/plain', meta: '', }, ] }
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How to Invest Your Docembor Funds Consult our greatly diversi- fied list of 96 critically se- lected Decernber Offerings before you Invest your funds. , Many attrac- tive issues of Ibonds, short term notos and preferred stocks to select from. CemnMe Offering Sheet on llequeet for AU-U- 7 TheNationalGty Company Ma-- Office: National City Bank Bide Uftown Office: Fillh Art. & 3rd St. Correspondent Offices in orer SO CUIts Cities Service Company Bankers' Shares Do ton knew any elirr Common Stork Ogerinf Thete Attractive Features' 1. Distributions mads monthly to cash Tilth a method under which part or all the monthly distribu- tion can bo Immediately It an desired, thua monthly. S. Yield at present market prices orer 12. 8. Earning la 191S cm Common 8tck outstanding fOl.OT m share. 4). Surplus income rareeUd to subsidiaries totals mora than 852.000,000. B, Company! subsidiaries pro- duced OTOT 17,000 000 barrels et oU In 1818. ClUea Berrlw Company thus belnr among the lanest producer of hlfh-rrad- s refloabl crude oil In the ooun-tr- auei Berrle Company Banker' Share are. tn effect. Cltle Serrtc Common Stock, each Share represent- ing a one-ten- interest In a share ol Common Stock ol 1100 par. Henry L. Doherty & Company Bond Department 60 Wall Street New York J. C. PENNEY CO. 1 Preferred Stock Company opera tti the largest chain of ill kind. Hat no bonded debt. Earnings In 1918 were over four time dividend re- - , quir emeriti. Booklet and Circular 6 mailed upon rtjucit - Merrill, Lynch & Co. Investment! Commercial Paper 120 Broadway New York Mtmlen Nets Yor Stoel; Exehanit Weekly Financial -- Review Our Weekly Financial Re- view summarizes current ac- ton, having a bearing upon Slock Market fluctuation!. Sent free upon request L W. Wagner & Co. 'Bitotmed XSS7, Chicago f KEWVORX STOCK BCCHANGO I, NWTKCOT7UN EXCHANGE L NEW VDSK PRODUCE HOWiCi ; KYOCf FIT AMD SKAR DCQtANGS j Members- - Chicago board of tradb CLEVELAND STOCK EXOfANGS 33 KewSireeKOHewYork li li EautUthSt. Mad.At.&itdSL .BranchtU 105 WestSZdSt. 16 Court St.. UrooUm siu utoaa .ii., wetcar ! We have Orders in the Following Ban, Insurance and Trust Co. Stocks: Bankers Trust Stk. Co Rts. Battery Park Nat. Bk. Chase Nat'l Bank Stk. & Rts. Empire Trust Farmers Loan & Trust Stk. Foreign Trade Bk. Corp. Guaranty Trust Irving Nat'! Bk. Liberty Nat'l Bk. Nat'l City Bk. State Bank United States Trust Co, Am. Mcrch. Marine Ins. Am.' Alliance Ins. Alliance Realty Continental Ins. Franklin Ins. Fidelity Phenbc Ins. Glens Falls Ins. Home Insurance Niagara Ins. N. Y. Llfetlns. eeTrust Nat'l Liberty Ins. North River Ins. Realty Associates I United States Fire Ins. J.K.Rice,Jr.&Co. ptiones 4090 to 4010. John. 11 Wall St.. N. T. FINANCIAL NEWS AMD COMMENT Stocks Hold Ground Despite Discouraging Aspects of. President's Mossago. 4 TRADING VOLUME SMALL I Some Specialties Advanco Sharply In Brief Bally Af- ter Messago Is Bead. The taft of tho President's mesaaco which Wall Street had been looltintr for- ward to mainly was what ha would Bay reardlne the railroads. For several daya It had been expectod that what ho would say on thin subject would be en- couraging; that ho might euifjest an extension of the Government's guaran- tee for a period oi? six months or mora In casa they are turned back to prlvato I ownership on January 1 as expected. The President had nothing at all to say to Congress at this tlmo, however, and i despite tho fact that ho made It clear that tho railroad question wourfi do dealt with later on In a special measage tho sum and substance of the thing was undoubtedly disappointing as compared with what had boen looked forward to. Tc offset the disappointment in con- nection with the railroads tho financial community found some encouragement In tho President's recommendations con- cerning the war profits taxes and the Income taxes, but It was hardly suffi- cient to provide Incentive for fresh buy- ing power. As It turned out, however, the stock market did very well under the clrcum-stanco- s. It held Its ground all day de- spite attempts by the trading fraternity to put prices down and actually gained some ground at the closing, but it was nothing Uko what would have happened to the heavy short Interest in the mar- ket In case tho President had said some- thing favorablo about tho railroads. The fact that tho railroad stocks held up so well waa very gratifying to tho rank and file of the financial community, however, first for the reason that the delay In the President's decision means a further delay In tho solution of the Railroad problem, and, secondly, because Wall Street Is becoming more anxious as to tho future of the country's trans- portation system on account of the an- nounced Intontlon of the Administration to turn them back on January 1. The rest of the message was of Very little intorost to tho Wall Street community. It contained somo new recommendations concerning labor, but for tho most part was nothing more than a repetition of what had been recommended to the special session of Congress earlier In the year. It wna a very quiet Besslon of tho stock Exchanee in so far as the volume \of transactions was concerned. The best part of the forenoon was given over to an exchange of stocks between floor traders, with the financial community In genoral holding off until after the Presi- dent's message had been received, which was not until after midday. When tha messago finally cama there was a brief rally In tho Industrial list, which carried some of tho specialties, such as New York Air Brake, Texas Company, Endl-co- tt -- Johnson and others, up qulto sharp- ly, but tho. rest of the list did nothing more than hold Its own. which under the circumstances was probably about as much as could be expected. The continu- ation of the' same dividends on tho so called porphyry stocks resulted In an abrupt running In of tho short Interest in the coppers and tho same thing was also true of tho local traction shares. There wero still a numbor of weak spots In the list, which traders picked out for npcclal consideration, but at the closing by far tha number of active Issues showed email average ad- vances, with hero and there wider Im- provements, as was tho case with which made a net advance for the day of 9 points. The demoralization in the foreign ex- change markets continued despite the passage of tho Edge bill In tho House. This bill now goes to tho President, who Is expected to sign It without further delay, and had boen calculated all along as a very favorable Influence on the ex- changes. This consideration, however, had no effect on the leading rates, which were weaker than ever yesterday. Ster- ling get down below $3.95 for the first time In history and all other rates de- clined proportionately. There was no special change In the money market, which remained easy nil day. With tha December 1 payments out of tha way It Is expected In banking quarters that the money market will return to normal, with no further flurries until the first of I ho year, when tho most Important money disturbances of all occur on ac- count of the Urge Interest and dividend disbursements that have to be made at that time. MONEY AND EXCHANGE. CALL MONET. Mixed Collateral. I Ail Industrial.. nirh inigh i Low (Art Renewals rear's nun Tear's low Collateral. J I All Industrial. Klxtr days. Ninety clays., Pour months 71ra months., Six months. z.u Low Last Renewl irare mm.. Year's low,... LOANS. 8lity days.. Ninety day 14 .J iFire months fflx months TU COMMERCIAL PAPER. Prim Indorsed BlIlslSl months IHCOH Receivable. I Other Names. siity days 614054 Three all Ninety dsya 6U3SHI months ....'....(408 CLEARINO HOUSE STATEMENT, Clearing exchanges, balances. JK.SOS.StT: credit 1(03.799; Federal credit balance. i;t.nS,Jll. POME9TIO EXCHANGE. Boston, par; Chicago, par; St. Louis, OQ Itc. discount: San Francisco, par: Montreal 8(9.374 per 11.000 premium; Cincinnati, par; Mlnneipolla. I0r. premium. SILVER PRICES Bar silver In New York (actual). fl.W4. up lc; In London, 3d., up Kd.; Mexican dol- lars, 8L00K, up Ue. Sterling Demand.. Cables..., Kranot Demand. fS 8414 J.96 .M nahiM t.H \ilirl- w- Demana... Cablea 2.44 Normal rata of 4JS6S Sterling ... iUU Paris 23.8 6.1S13 Belgium ... China 1. A :.it M.S4 (0.00 t..)T04 1J.M ( Shanghai Greece Holland TIME nigh. tt.M tl.tl KM 1003 10.01 India liombay ........... Japan-Yokoh- ama I'hlliipnie minds Manila. Low. 'SUll Italy. scamiinaria Stockholm Chrlitlanla Copenhagen Bomb America Argentina (gold),,, lluenoa Aires BDaln i.Ull Switzerland (1.44 Kuaala (Currency) COO ruble ins rubVa .... 71 Ttf 2.8) Rio 10.03 10.01 t.Sl LU Yesterday' or check. 10.03 2.8J 0.47 LM L65\ 1S 40 m 45 tOH 4 1140 23.0S 21.25 19.90 J0 m 41.25 n.-- s (.41 4.00 4 no BILLS ON LONDON I 4 ....JO J Mixed four months I to Houia reserve Exch. Marks Last. uemana TIME 6 Prer. doss. I I J.M54 on Ml 1 Cloa- o- Cabin I1.MH 10 01 315 S.1S 1.03H l.( 15.9) 1SU 45 43U' IX as M15 n.ii 10 41.U 1J.SJ 1.41 Ask. 4.U 4.U Bankers. I Commercial. (0 days pmieo day UJTH w dii......... dajMM.,. Day's sales Dlr.l BldTAsk. la I. Bale. 80 I 82U ,, 300 3d 89 .. too V01S 71 6 100 82 83 6 300 m 2 .. 1900 2H 2. ., 4400 80 0t ,. 8600 01 S1T4 8 800 00H 07 6 100 4&H 49. 3 100 81 01H 8 700 119U 120 8 1800 G0K 60 .. 3600 100 102 7 200 133 133H 12 1300 48 494 4 1200 11 H UH 80c 8400 2&H 23W 1600 123 123 7 1600 43 44 a, 800 64H 67 6 100 105 100 0 8100 07 67H 3 200 92 H 93 6 4700 106 107 7 100 46 47 .. 800 27 27 .. 8250 61 H 62 4 6200 96 37 7 300 83 84 8 200 115 118 12 100 40 40 3 1600 131 131 7 8100 S7T 88 10 800 '98 91 8 15000 240 265 20 100 98 99 0 100 121 121 7 83001 101 101 7 200 61 52 .. 600 15 15 .. 900 52 65 6 1100 66?i 67 4 10200 9 12 .. 100 6 7 .. 1S00 53 54 .. 600 84 85 6 3900 77 78 5 400 7 8 .. 1500 92 95 7 400 164 163 10 2000 15 17 .. 200 30 31 8 100 100 107 3 21900 82 33 .. 8900 44 44 4 1500 90 100 .. 1100 92 95 7 , 300 117 120 8 200 1 1 .. 200 81 82 .. 2400 100 101 7 200 113 115 8 100 89 90 6 19200 12 12 .. 800 14 15 .. 6900 10 11 .. 1600 49 64 6 700 105 110 7 800 7 8.. 10? 70 74 7 100 23 26 .. 100 9 9 .. 1700 19 19 .. 1200 21 21 .. 3500 74 74 4 700 43 44 .. 8800 76 79 7 100 62 63 2 200 139 139 10 700 93 94 6 6300 63 63 4 4800 113 114 8 1200 56 57 4 600 8 8 .. 600 23 24 2 200 33 39 .. '6500 53 64 .. 4200 89 90 7 1300 104 106 6 200 24 24 .. 2400 60 61 6 V800 74. 75 7 600 18 18 .. 6700 33 33 3 4000 43 44 .. 100 65 68 5 100 37 39 .. 200 39 39 3 3700 19 21 .. 100 63 63 4 1700 66 67 1 7800 53 55 4 100 63 64 .. 100 81 82 7 100 84 85 7 1600 17 17 .. 1200 87 88 7 100 12 13 .. 1700 79 79 .. 7000! 106 107 7 100 198 199 12 6800 46 46 .. 3900 83 84 ' 7 700 100 100 7 200 93 94 9 1875 13 13 .. 1300 13 13 1 300 24 26 3 1300 147 148 3 8600 106 105 7 600 13 13 .. 24SO 21 21 .. 3100 15 15 .. 700 88 89 8 6400 40 40 .. 2800 85 36 2 1000 18 18 .. 6100 68 68 6 900 330 831 12 11500 8S 89 6 600 78 79 4 1900 104 104 7 200 62 63 .. 600 79 79 7 6300 38 88 4 6200 S3 34 .. 800 65 70 .. 600 65 67 4 700 71 79 .. 100 88 89 7 800 47 43 6 4800 3 4 .. 7800 13 14 .. 2500 18 19 .. 100 127 128 6 700 44 45 .. 8000 102 102 6 6200 22 22 .. 7000 92 93 6 100 67 68 .. 3300 65 66 6 100 20 22 .. 100 27 82 2 400 15 15 .. 700 125 129 4 800 100 103 8 200 99 99 7 100 28 28 2 7400 45 46 1.20 2800 81 84 6 2800 80 43 .. 100 7 8 .. 100 83 34 .. 600 41 42 3 1900 70 74 .. 100 173 176 12 100 73 74 6 100 64 64 4 800 61 62 7 700 11 32 1 100 86 37 .. 500 50 32 .. 100 200 193 194 10 8600 105 103 8 100 21 22 2 400 64 65 1.20 3200 49 49 4 4800 13 14 .. 600 80 81 7 10 9 10 .. 1500 12 13 .. 1300 14 24 .. 8800 41 41 .. 2500 64 56 3 200 ' 70 89 3.60 12 ' 44 45 8 700 ' 37 87 8 1700 63 64 .. 2000 114 117 7 100 10 10 .. 2100 76 77 6 200 81 81 5 1000 6 6 .. 200 14 14 1 SOO 106 107 10 6800 2, Adams Express . ... Advance Itumcly ... Aavnnce uumciy vi. AJnx Ilubbcr THE SUN, WEDNESDAY, DECEMBER 1910. NEW YORK STOCK EXCHANGE PRICES. Tuesday, December 1919. AUiBKa uo.a , ,, O fli..... Mfg .... Am Agrlcul Chemical ., Am Agrlcul Chomlcal pf Am uanK Note Am Boet Sugar Am Bosch Magneto Am Can Am Can Df Am Cur & Foundry .... Am OU Am Druggist Syndicate.. Am Hldo & Leather Am & Leather pf.. . Am lea ... Am Ico of Am International Am Linseed Co Am Locomotive Am Locomotive pf Am Malt A Grain Am Ship & Commerce.. . Am & Ro( Am & Rot pf Am Smolt Seo A Am Snuff Am Stoel Foundries .... Am Sugar Kef . . ., fl, annuo.,., Alaakn jtincau Cotton Smelt Smelt Am Sumatra Tonacco . . Am Tel Tel Am Tobacco Am'Tobacco pf now.... Am Woolen Am Woo'.en pf Am writing Paper pf . . Am Zinc. Lead & Smelt, Am Zlno, Lead & Bm vt. Anaconda Copper Ann Arbor Assets Realization Associated Dry Goods ,. Atch, Top & Santa Fe . . Atch, Top & Santa Fo pf At!, Birm & Atl Atlantic Coast Lino .... Atl, Gulf & W I S S.... Auto Sales Auto Rales pf. Baldwin Locomotlvo wks Baltimore & Ohio Baltimore & Ohio pf.... Bornot Leather Barnot Leather pf Barrett Co Batopllas Mining Bethlehem Motors Bethlehem Steel 7 p o pf, Bethlehem 8 p o pf Bethlehem Steel B Booth Fisheries Brooklyn Rapid Transit., Bklyn Rap Tr ctfs of dep Brooklyn union Gaa . Brown Shoo Bruns Term & R R. . . Buffalo & Susq ctfs... Butterlck Co Butte Copper & Zinc.. Butto & Suporlor Coppor. Caddo Central O 4 R... California Packing Co... California Petroleum ... California Petroleum pf. Calumet & Arizona Canadian Paclfto Centra! Leather Cerro do Pasco Copper.. Chandler Motors Chesapeake & Ohio Chicago Gt Western. Chicago Gt Western pf. !Chlc M11& St Paul Chic. Mil & St Paul pf... Chic & Northwestern... Chic Pneumatic Tool... Chle, R I S Paclflo Chic, R I & Pao 6 p o pf Chic, R I & Pnc 7 p o pf Chile Copper Chlno Copper Cleve. C. C & St Louln. . Clevo, C, C ct St Louis pf. coca-coi- a Col Fuel & Iron Colorado & Southern Columbia G & Elec Columbia Graphophone. Cotnu Tab Record Consolidated Cigar Consolidated Cigar pf, Consolidated Gas Con Interstate Cal MIn Continental Can Continental Candy ... Corn Products Ref. ... Corn Products Ref pf , . Crucible Steel Co Cuba Cane Sugar Cuba Cane Sugar pf . . . Deere & Co pf Delaware & Hudson... 865,017 Corp... Denver & Rio Grande pf . Dome Mines Elk Horn Cool Corp Endicott Johnson Endlcott Johnson pf Erie Erie 1st pf Erie 2d pf Famous Players-Lask- y. . Flsk Rubber Frecport Texas Gaston, W & Wlgmoro.. General Cigar Co General Motor Corp General Motor Corp deb.. Goodrich (B F) Goodrich (B F) pf Granny Consol M 4 S... Great Northern pf Great Northern Ore ctfs. Greene Cananea Cop.... Gulf States Steel Ho.skell & Barker Car... Homestako Mining Illinois' Central Inspiration Con Coppor., Interboro Con Corp InterboroCon Corp pf... Int Agrl Corp Int Hnrvestcr Co new... Int Mer Marino Int Mer Marino pf International Nickel .... Int Nickel pf International Paper .... International Salt Jewel Tea Jones Bros Tea Kansas City Southern... Kelly Springfield Tiro... Kelly Sprir Tire 8, p c pf. Kclsey Wheel Co pf Kennecott Copper Keystone Tire & Rubber. Lackawanna Co... Laclode Gas of St L Lake Erie & Western.... Lee Rubber & Tire Lehigh Valley Loose Wiles Biscuit Lorlllnrd. P, Tob Mackay C03 Mackay Cos pf Manhattan Elov guar... Manhattan Shirt Maxwell Motor 4... Maxwell Motor 2d pf. ... Maxwell Motor 2d pf ctfs. Mexican Petroleum ... Mexican Petroloum pf. Miami Copper Mlddlo States Oil Mldvale Steel & Ord Minn & St L new Minn. St P & S 8 M Missouri, Kan & Tex.... Missouri, Kan & Tex pf . . Missouri Pacific Missouri Pacific pf Montana Fower Morris & Essex. . Mulllns Body ... National Acme Co Nat Aniline & Chem Nat Biscuit Co Nat Conduit A Cable.... Nnt Ennm & Stamp..., Nat' Lead Co Nat R R of Mex 2d pf.. Nevada Con Copper.... NY Air Brake ox dlv... 1919. Hldo Steel Steel j Continued on Following Paf, 1918. 578,820 1917. C19.583 109.025,155 Ostt-- 1 Ulgh-- 1 Low I Clos- - Ntt lull, ' t. est. Ing. Caanga. Hi 82 81 81 1 38 88 88 38 71 71 71 H 1M 81 83 81 83 VA 2 2 2 2 .. 2 2 2 2 41 41 40 40 1 91 92 91 92 96 96 90 06 45 45 45 45 90 01 90 91 119 123 119 119 50 61 60 60 100 100 100 100 132 134 132 133 47 49 47 49 1U 11 11 11 11 SO 30 29 29 121 124 121 123 2 43 43 42 43 1 66 66 66 66 1 1105 107 105 105 07 67 66 66 92 93 92 92 1 106 106 106 106 46 46 46 46 3 26 27 26 27 61 62 61 62 98 98 96 96 2 83 83 83 83 1 115 115 115 115 4 40 40 40 40 1 131 132 130 131 88 88 83 88 99 99 98 98 1 245 245 245 245 93 98 98 98 1 120 122 120 121 1 101 101 101 101 52 62 61 52 1 15 15 14 15 62 62 52 62 66 67 66 66 9 9 9 ' 9 3 6 7 6 7 53 54 53 63 84 85 84 84 U 78 78 78 78 8 8 8 '8 1 91 92 91 92 166 16S 166 167 17 17 17 17 1 30 3Q 30 30 106 103 106 106 33 34 32 32 1 44 45 44 44 94 100 94 100 7 94 94 94 94 1 113 118 118 118 1 1 1 .. 31 32 31 32 100 100 100 100 1 113 113 113 113 90 91 89 90 1 11 12 11 12 14 15 14 14 10 11 10 10 61 51 50 51 105 110 105 110 6 7 7 7, 7 70 70 70 70 24 24 24 24 9 9 9 9 19 20 19 19 20 22 20 21 1 74 75 74 74 41 45 41 43 1 77 77 77 77 1 61 62 61 62 2 138 140 13S 139 92 94 92 94 1 52 55 62 54 1 112 114 112 114 1 66 56 56 66 S 8 8 8 23 23 23 23 37 38 37 37 64 65 63 54 89 '89 89 89 105 105 104 104 1 24 25 24 24 61 61 60 60 74 74 73 74 1 16 18 16 13 1 33 34 33 33 42 42 42 42 63 63 63 63 3 33 33 33 33 40 40 39 39 1 19 19 19 19 62 64 62 64 2 67 68 60 66 54 G4 54 54 2 63 63 63 63 79 79 79 79 85 85 84 84 16 17 16 17 1 88 88 S3 88 12 12 12 12 78 80 78 79 107 107 107 107 196 202 196 199 1 45 46 45 46 1 84 84 S3 84 100 100 100 100 95 96 93 93 1 nv, 14 if i r', 13 13 13 13 24 24 23 24 u 137 150 137 148 -- f- 9 105 105 105 105 13 13 13 13 20 22 20 21 14 15 14 15 1 87 89 87 88 2 40 40 40 40 36 36 35 35 16 18 16 IS 2 6S 6S 6S 68 329 335 329 330 SS 89 83 89 79 79 7SV4 78 104 104 104 104 53 63 52 63 79 80 79 79 1 38 39T 33 3S 32 34 32 33 64 66 64 66 3 56 56 66 66 76 76 76 76 7 89 89 83 83 48 43 47 47 3 4 3 3 12 14 12 14 2 19 19 19. 19 1 126 127 126 127 1 45 46 44 44 101 102 101 102 1 22 22 22 22 92 92 92 92 66 68 66 67 1 65 65 65 65 .. 22 22 23 22 1 26 27 26 27 1 15 15 15 16 123 128 126 127 102 102 102 102 08 98 93' 98 1 28 28 28 23 45 46 46 46 82 84 82 82 40 40 40 40 4 7 7 7 7 33 34 33 33 42 43 42 43 1 63 63 63 68 2 172 172 172 172 2 73 73 73 73 64 64 64 64 39 41 39 40 81 31 81 81 4-- 1 36 36 36 86 80 30 30 80 30 30 30 30 192 194 191 193 105 105 105 105 3 22 22 22 22 64 66 63 65 49 49 49 49 13 13 13 13 80 80 80 80 .. 9tt 10 .9 9 13 13 12 12 24 25 24 24 1H 42 41 41 1 65 65 54 54 70 70 70 70 44 45 44 45 1 86 37 86 37 1 63 64 62 64 4-- 2 115 115 115 115 10 10 9 10 76 76 76 76 81 82 81 81 6 6 5 6 .. 14 15 14 15 103 106 103 106 2 GOSSIP OF WALL STREET. Liquidation Appear) Over. A good many competent Judged of in mantel aciarr mat ti is grcauy \ \ ii7ninno 1TK9 8B2 000 oversold and that this top heavy condl- -' ! jrT-'- \ II' \ tlon Is Just as. dangerous on ono hand as would be an overbought market. That forced liquidation Is over la praottoally certain, whloli the strength, of tho mar- ket In the last two days has cloarly demonstrated. On the other hand, pro- -. fesstonat) anticipate little but a narrow Irregular market for the balance of the year. The public, \after Its severe shock, Is not back In and vrobably will not come book this year. Present condi- tions appoar to favor bearish operator, but In taking this vlow It must be re- - memborod that news of this week, ox- - United State., Foroign Railroad, Other Bond, that for every share of Block sold nhort a share must be purchased in the open market The last two days' markets have pretty well demonstrated that there Is little more \cheap\ stock for sale, that Is, stock which must be sold re- gardless of the prices It will bring. Specialties in Limelight. The fact most frequently brought out by market Judges In support of the theory that wild fluctuations for 1919 are over la that after every sharp bulge or sharp dip the market lapses Into dul-nes- s. Such was the, caso again yester- day. Thoro wero somo sharp flurries and somo equally sharp dips, tho time between being a dulncss which left Wall Street yawning widely. As In the old daya, which may bo respectfully referred to as tho good Old days, the specialties were In thu centre of the limei.g. l, bU.ii stocks as American Locomotive, Ameri- can Wbollon, Endlcott Johnson, Crucible, New York Air Brake and Toxas Oil at- tracting most attention. There were a few soft spots, particularly In Trans- continental, and a few over stocks which have been most savagely attacked by the bears. Sales wero considerably less Hi an 1,000,000 shares and the boys and girls who a month ago wero working half tho night In the attempt to keep up with Wall Street's tremendous activity have much mora time to figure out Just tho size of their Christmas bonus and what they aro going to do with It Endlcott-Johnso- n touched a new high at 150 yesterday and was the active Hat's strongest Boot In connection with the stock's mova rumors were current that tho company would declare a large cash dividend. Some stories (had it that this would be as high as $16 a share on the stock, which Is $50 par value and pays $3,50 at present It was learned on excellent authority that tho corporation docs not contemplate any cash disbursement of this char- acter for two reasons. It would mean payment of too l'arca an amount of cash, needed Just now for development and might reach the point of embarrass- ment because of the agreement made by the corporation to sharo Its profits with employees. In lieu of a large cash dividend la understood that tho direc- tors have In mind a plan which probably will bo approved, for the Increase of thb present cash dividend to $3 a share and a stock dividend. The size of this stock dividend has not been determined, but It Is understood to be somewhero In the neighborhood of 25 or 30 per cent Em- ployees, of course, would share In this, and also In a smaller cash disbursement probably In tho neighborhood of an amount equal to $3 on the stock. This plan la rtlll under discussion, but It Is being lookod on favorably from tho em- ployees' standpoint and from the point of view of largo stockholders, who were responsible yesterday for the sharp mar- ket move. Porphyry- - Dividends. So much disappointing news has come from tho. copper corporations of late and the market for copper metal has been so dull and dead that It had been antici- pated rather generally that the porphyry companies would ass their dividends, temporarly, at least Something of a short Interest not nearly so extensive as in the Industrials but of sizable propor- tions, had been built up tn them. When the regular dividends were declared yes- terday most of these shorts were covered with a small flurry as a result The facts that most of these corporations are very powerful and wealthy and In fat years have built up tremendous reserves of surplus, to which they have recourse when the lean years such as thlB one come along, havo been largely Exchnnea, Just how thoroughly the foreign ex- change market is demoralized may be Judged from the fact that sterling dropped yesterday to a now low record for all time, touching 3.91, nt which it closed. The weakness followed closely advices of prices in London, which waa without any sort of resistance yesterday. It is reported that business In sterling exchange Is very quiet that there Is not a largo short interest In bills at present, most of them having been covered last week, when sterling was quoted between $4 and $4.05. French. exchange likewise displayed a sagging tendency, with franca at 10.02 and cables at 10.00. The Coal Strike. For some reason Wall Street has never paid very much attontlon to the coal situation as a markot factor. It has leen mentioned, of course. In a passing fashion, In much market comment but It has never been brought strongly for- ward, probably for tha reason that there happened to be a glut of bearish news at the time It would have been most useful. The Street, as a whole, has assumed a sort of a Pollyanna attitude In regard to the cool situation, holding firmly to the belief that everything would come rut all ngnt in tne ena. Just now a great many corporations are getting tliAli nuhllHtv denArtmfmta buav with statements P\ ahead they tha presont supply. Evidently the pur chasing departments are paying little heed to tho stock market Ohio Uody and Ulovrer Company, tho Ohio Body and Blower Company, now the New York curb, around 81, be listed on the New York and stock exchanges. Tho corporation has Just taken for 12,000 for automobiles for through December and subsequent months. It reported that automobile body are practically sold ahead to July, 1921, and that pres- ent capacity ts not capable of taking cara of these orders, which accounts for financing that has been done by such recent monthn, The President's Message, dnv\a was President Wilson's Generally the financial district with approval, the labor clauses, the clause In reference to an adjustment taxa ana tne clause wmcn periainou to International disarmament There was grumbling; of course, from the bearish fraternity that stand not taken by the Chief Executive only tho York Stock Exchange, all markets In the financial district whllo the President's were coming over the tickers. Exports New York. Whoat. bu.: oats. bu.; flour, 38,337 bales; bacon. 249,000 lbs. ; 20,000 lbs. 231,500 BONDS IN NEW YORK STOCK EXCHANGE. Day'n sales $29,664,000 Closing. Soles (In Bid. Open. 99.66 93.70 93.90 91.94 91.96 100.96 93.93 91.72 98.94 91.60 94.00 98.96 91.70 98.98 98.96 AritoFrench .... 1 100 OS 3 90 72 SO a oois is ioa 2 OA'S a. ...os 4 90 1....90 12 80 IS 003 1....06 0.......9 6 60 MO a oou 0 to 10,... tO MS City of Bor- deaux ta 8 023s CltyofLyons to 8.i 023s City of Mar- seilles 0i 8 .naV Cltyori'artioi S41a B&OPLE& S 043l WV4a UmtedKlnfrdm' Mlg (HS U21 1 071. 1 07 12 07l 8 071s (guards 122 077R l29rtti 340 OAlg 10 004 80 OOIj CKs 1037 B 8OI3 07 80 I..4....8OIS 10 89 13 887s 1 89 8 13 88 Dom Canada a 1921 8 OStg 10 0514 1K0 s esis mt 2 Mlj 1 03H Anton UneC vis 1 75 8 80 Eng ltd a SOU It SOU Japanese 2dlHa Engstd 1 80 NY Clty4hU 8 100 NYaty4H5 10 10\' 10 1O0U 1 100 NY City 4Ks 9 10OU 4 91 Adams Exp 4a 8 88 AmSmelt&R Ss: 4 854 SJlj 4 SO AmT&T cv 6a 1G 08U 6 98U 3 68I4 3 98 C 9SU AmT&T clt 51 7 781jl e 80 1 70'4 AmT&T cv4!4i 1 831a a S3 clt 4s 5. 801j fi 8U14 0 aria AnnArbor lst4s 3 61 Arraonr 4s 1 82V 6 83 1 8212 AT&SFcrta 9 Z 63 1 88V 10 70 2 76l3 6 8 76lj 27 703j 8 70U 1 14 .V76U At Coast line 4a 3 70 At C Line clt 4s S 705a ATi8FRMt4a 1 71 on Just how \a\ sterl. on will yester-- 1 Llna expectation message. definite on 134,489 245.192 sacks; oU. 881a 891a & Susq 8 .. Rboe. M C F Atner Coal. j. O 90 Amer Expr. w back 90 M a 46 St Fdy 94 pf.. 80 8 00 & 65 Ann Arb H A Dry 60 2d TO Real mi ii on peace and tn main New Shin. 80 ... ,n.ld T. Crk.. 94 Urown H pi 9 48 '8.65 4.59 4.63 4.82 6.02 4.90 6.05 4.00 Tuesday, December 2, 1919. 1919. 1918. BONDS, Asked..Tio!d-.$l,000s- ), 863 (1932-47- ) 99.80 (1932-4- 7) V3.50 633 4s (1927-43- ) 91.50 113 4s (1932-4- 7) 94.10 K iA nv M027.42) 1UU.8B 4.970 8,868 4th 4s (1933-38)- ... 91.84 4s (1922-23).- .. 98.96 1,048 Vic. 8a (1922-28).- .. unlformVaXuleXTndcynd Government., Indu.trt.l Endlcott-Johnao- n. Demoralized AT&8Fgen4i Ch!& Wlmlta itamped 1 102 M 20 71 Chile Copper 0. ......70! 7 7JI. Bait & Ohio e 13 77 1 1 B & O It A 76 a S7U s 7fiia 1, 3 irflx I S7 7 7Sla e 0714 2 7rAi 8 A71a OCCkStL 3 es i vuij 2 B70 ClevtMar4Hs sift 1 8l8 4 58 8 67a 8 88 gold 4a 1 OS'S es S 047s 1 88 Balt&Ohlo 1 Mh 1 83 1 I 2 0 t BethStl'ta 1930 6, 10 Dim Rap 7s 3 301a 2.1 40 2 40U 1 40 3 6 431a artlflcates 1 39 8 40U stamped 20 31 Canada 5s 3 85 Clint t 1 S3 1 93ia Cent Padflc 1st 4 76 1 74ll cent rac tyj, 12 S3 & O cv fa 41 11 3 79 2 79U 1 79U is 73 22 79 4 78la Cbca & 41s 8 72 2 2 7Ha Chi & Alton 4 Chl&Alton Joint 24 937a 7 0334 1 9378 ChlB&Q 4s 6 Chl&KuctlU 4a certificate 15 it West 4s 8 62 1 6i7a 6 6134 52 2 6134 CM&StP cv is 12 08 7 683. 2 eau 1 osu 12 C8 OM&StPgm 4 6 M & St I CV 4M 2 09 I 62 70 t t ChlMlSU'4a CM&Pugrt8 4j 4 C8 N WgmSs 1 U6 C&N Wgmts 2 78 C&NWdeblCU 1 VI Chi & NW VS 2 ss Chim&PRy 4s 7 701a 2 73 8 71l8 20 ChlW&PreNi 1 058 6 05 9 64'8 2 10 0473 ChlDnStn4Hs 1 79?,) Chile 7s 8 IOII3 11 102 83 1021a 1 STOCK fniinirlnr- - BONDS. it, 2s, OOVi 2s, coupon 9SVi 3s, Panama, Ni coupon SSH Phil. Isl. land purchase 4s. im 4s. Isl. District Anglo-Frenc- h Extern. 5s. 1SS...,.., Canada. of. (s. 1031 Canada. Dominion of. Canada. Dominion of, 1331.. Chinese dor., Hu Kug publlo will able to on ii. some soma 80'A Alb Bk 481 pf. Br pf 151 Am Cot pf of pf of Pf pf Tel pf the .nil hut thu Df. 264 1144 RANOH OF LIBERTY 69 1st CV. 4s 1st CV. IV, Sd 4V.b 01a 771 WS 71b 4Ks 1)4 84(t 843 Tr So Oa 79'S 471a 3Hs .30 cm 78 Ot 725 4... C& 711 .03 1943 Ity, 924 Mt 0 Colo col ( 2 7la 1 ext 4Mi 1 GomTabRec 1 6.., ...85 2 Con Oas fin 8 088 2 tS'.j 8 0834 Del&Hud 1 Del&IIudrerts 0 & Rio O la 1 Dot Ed 4 Det Ed 1 Det Tun 4Ks 8 7478 Erie con 4s iSrli e B 6 Erie 4a T 6 Erie 8 2 43a 6..a30..42lj 1 Erie Fenn Coal col tr4 3 9338 2 931a CreenBay& deb Rli 3 878 Bav 5s 1 Hock Va 4Ms Z OU4 721, uua rrug- 8 2 631a 1 53U 4 Hud&Man adj z iz 6.. i.... 1134 1 3 90U 1 6018 6 Cen 8 6 IndlanaSteel 3a 8 oa' ref 45U :0... 16... 10... 14... 16... 10... 1... 13... 0... I... 2... 2... I . 20... I0.i. 21... 6... 16. 15. 44. 15. 21. 10., 11. 10., 10., 10. nrirra Con added. Ask. rerislertd 100 coupon retittercd 103i 1930, registered 1930, 193J. registered 99H 1911. retlstered Phil. Isl. nubile works 1935... Phil. works Is, 1934... FOREION Argentine Intern. Ss. 1S51... many . Jsis . 3a 1st Er teHM 2s. 2s, 5s, MH bo run ....... 23., 83't .... .... City Lyons 15 yr. ii t City s. 02H City yr. 6s. 1934 92H Paris 94 Gov. (4. aterl. loan. 1925. 79T4 Japanese tJOT. ti. at series, u.. expected be made Oov. loan 1931... the next few that shares of ! P?.n\e- - n a t 19'n\\ traded Boston bodies their read tion waa yr. 97H yr. 964 yr. '99. 80 wera no At Ch 92 ti pi Am do of Am of Am Am Bug Am do X A04WI pf. nmM.m AUtO silt. 94.00' 101.00 AmT&T rf..lQ6 other 99.70 94.10 neth Edison From hops, 4,522 f\s But Pf 91.90 94.12 2,731 Vic. Balt&O li 43 of CB&Q Chi .,..05 Copper \nen 160 94 89 R0 75 16 47 135 90 118 94 59 21 T3 74 110 tl 114 17 19 94 10S 2d OftO 103 83 In tr 76 Col 80 731 Os 80 84 cv cv (a 85 60 19 62 te 10)3 95 6a 1940 89 10 cv 4s srr 38 cv acr 40 gen 4s 43 26 43 10 62 Electric 8s acr 22 Ry 63 53 12U Illinois tO HI 4a 55 76 T 30 1... 1. 3. 6. 4. 15. 6. 8. 1. 7. 1. 4., 8., 3., ....403g ....46U . ....47U ....47I4 ,...47ia ....4734 ....471j ....4768 .,..4734 ,...48U ,...4R12 ... ....48ia ....48I4 ....46I3 ,...48'4 ,...483j . ....4734 ....47i3 N. 80 S3 to be UNITED STATES 100 4s. Panama, 99H Panama, Panama. 2s. Panama. 3s. Panama, of BONDS. 92 92 tl 97 96 74H 9S4 93 92H 7C4 ' \ . of cs. of 15 yr of llordesux 15 French. 6s, 1931 Japanese Is to Japanese 4s. Ct within In orders deliv- ery Is during In 964 U. K. O. I. 3 64s. 1922.... U. K. O. B, & 10 64. U. K. O. B. I. 20 64s. 1537.... J7 Mexico sterl. of Mexico Extern, gold 4s ol '04. 1S64.. .. Closing of In which there transactions jm.ruar. M nf .. n A A Most market In Amer A A A C treaty . 8 Ask. Snutt pMH Olpf pi.. Assets nirrett nt.110 Beech Steel.. (7 ! & 4:40' 93 96 73 71 1054 444 a 1 IVU.VO 94.12 Os O O is 4s 4 0 Den 438 Ota W B Eloo 84 CcntJ( rf Interb It 6. 1934.... days lard, 91.60 B. A I. & 6j A Buff RAP 1951. City 19(5. the but 70'lfl Tob Bkn Bid. e28 Ask. do pf Burns do pf 110 Bush Term. 85 Case pf 99 Cent Fdy do pf O Lesth pt.193 CRR C S A Tel.114 Cert Prod.. 51 do lit pf. 84 do 2d pf.. 71 Chi & Alt.. 7 do pf 19 Chic E I ct. 4 do ot pf.. C St P It O to do pf 95 CleveAPltts .. CI 834 do pf 1034 Col & S Ipf 50 do 2d pf.. 45 pf. 91 Con Ctg pf. tl Con Oas B. 99 Con Coal M .. Cons Text. TiH Con Can pf.102 ...451 ...49'l ....47ia ....48 ....48 ....47l: ....48 ....48 ....48U Insur.. coupon coupon public weeks Extern, 1004 1C04 1064 1064 W04 10014 10014 10014 904 904 96 90 90 96J. \3 9811 934 934 54 924 8114 77 87 934 924 924 914 $0 82 63 6(4 97 93 9C14 874 (3 42 prices power words 11928) 3...... ....40 ....40 stocks Asrarta Bid. CalPack pf.120 ofNJ.170 CANW pf..ll7 Peabody. ColOrph ...46S ...45U ...453a ...45U ...45U ...4S34 ...40l2 ...401g ...4Wa ....47 ....48 1..4SI3 Bros.120 CO 100 123 113 100 101 35 55 1094 210 120 54 90 10 124 6 8 120 64 106 50 K4 no 54 53 934 83 103 S3 334 ltJ Part Bourse Tradlnc;. Paris, Dec 2. Prices were lower on the Bourse y. Three per cent 9 franc li ceaUmta; exchange 13 4 , Manhat By 4s, St Lis Mt 2 481s , atamped Rlv&Oulf M 11 4744 4 55 3 07U 0 48s Mo K 4: Tex & Banirran 13... 10... 10... 22... 11... 1... 10... 1... 1... 10... 8... 20... 1... II.... 103..., 7.... 25.... 4.... 1.... 10.... .... 10.... 3.... et. 1.. 15 3 2 JO 25 10 35 23 10 a.. 6.. 8.. 2.. 0 ,4H MoK&TsHVis certificates .48 6 20 Fac gm 4s 1U 00 2 fl .48 1 5411 8 .48 21 64 MontFwrts 1 'irS N 5s NOTox&MSa ...4718' ...471a ...47U ...47ia ...473. Interboro-Me- t col trust 4 Ha 80.. 60.. 10,. 25.. 10.. 20.. 6... 146.. 10.. 20.. 10.. 25... 25... 20... 10... 85... 10... .48)4 6OI3 .48U .10131 ,48s 6478 .481a 64lj; .4Sls 641a .4713 .47J4I SCs Tube ii,1? ...47 IS ...15U 1 r.i.l ...I&34 ...1512 ...1634 ...10 ...167g ...18 ..1534 ..16 ..17 ..167g ..I7ia ..17U ..1634 17 ..17U ...171s ...171a ...17U ...Kia ...17U ...1634 Interboro- - Met col 4)(i a I6I3 47 15 10 15ls 1 1618 certificates 6 15 20.. .....'0. ..17 trust .16U .1512 .153j .i6ia .10 .iota .NW4, .17 14 10 16 10 BysadJJs certificates i2o::.::.\i7is Nor\ w ..mm 161a 6s Nor mm su, 741s 1 43 100 4s VWW M mi M Eon O Sorer 6s 1 7319 Kan 3s, Padflc Ss 83U Pao Tel Ss 728 7219 Lack BU 1050 Ss 04 LS&MS 4s 1928 85I3 86 L8&MS 4s 1M1 82ls 8. Leh Val ter Ss 97U Lou & Nash 2 811 83 Lou 4 N StL 3s 614 L & N So M 4s 2 633 7013 llldvale 911 334 8378 9 S4U 64 MI3 83U Minn StL 4s 7 377s Crex Carpet CO Cru Stl pf.. 9U Cub do pf 1074 DLl W...17S Det Den & G. United. M.U3 SS & A 10 pf Ells II F pf 35 lCnier Ilran. 804 do pf 93 Fed M S. AO pf 28 80 do pf 984 Fisher Body.125 do pf 100 Gen do nf 100 Gen Clga pf 934 do pf 92 Goodrich Gen Mot pf 9! Grnnby 524 Gray A D.. 43 Gulf MAN. do pf 30 Gulf Stl 94 80 Harv pf 118 Iron Prod.. 36 Int Agrl pf S04 Int Tap pf. 90 do pf St.. 78 Iowa Cent.. Jewel T pf. 62 52 Kan C S pf 44 Kel 95 K \5 do pf .... 99 Reo A M do pf 13 Krcsgo S S.1SO do.pf 106 Kress S 77 do pf 100 LEAW pf... 17 Ligg A M..1W do pf Ill L-- 1st pf.100 do Sd pf.,106 Man Beach. H Py. 234 .Marlln R... 61 Math Alk.. May Dep S US do pf 107 Maxw 1st pf 01 Mich Cent.. MSSM pf... 941 50 Mo Plow 3ton P pf..lC0 N 0 A Nat Anil pf 86 Nat Bis N A H. 77 do pf 101 N pf.,100 Nit Ld pf.106 N Ry M lnf NOT AM. a High. 99.88 94.06 91.60 94.24 92.10 91.84 6.. Cen 7. 2. 10. 2 91 10 N Y 4X N Cen con 4s Con 4s 78 N Y Coa Ki 19 08 fi3 n n cv 6s S. .71 aocruu'd Interest pl.115 ...let Su;.3S0 Dlam'nd pf.l0(4 SnTpf Wheel.. Lorll'rd RtL.110 Low. 99.60 99.66 91.30 91.40 93.70 93.90 91.80 91.96 93.94 94.00 93.98 99.00 98.93 91.70 98.94 98.94 and StL&SanFran t278 NY 01U 9H8 757m 088 NY NYOasELtH &l5s yn ii'& Cbgs. SanFrau debts, SanFran CM,thIi.,m,i, 78U \min 7a So ..... 61 N Y 10 OU 10 21 63s N Rye ref 4s; az 301a 30 97 4 OOSj Norfolk ts 6934 Norfolk 6a 77 Norf&W dlv 4s 79 ThlrdAv . intAirchto Nei 20:::::::i7; IntMMarlne TolStIj&w IstteSerAi l\!!'..1 84U lowaCentral Unlonracifle 3S 1 KCFtSA 6s.Or1Sb0rtL,n'', 'ttl Cmaccvla KanCltyaaas \.:'&. 4s 2 09 City 1 66 1 66 83 KanOtyTer 4i & T 6 1 15 Ss Fenna 1961 8 1 4s 1 2 llllANconlH! 1 r 1 1 (4 837S . 2 4 & BID AND ASKED QUOTATIONS. QUOTATIONS. GOVERNMENT Columbia Dominion Announcement a'tis manufacturers manufacturers particularly $10,810,000 JapaneaelstlHs NYaty4al059 Ar&8PadJ4s ....4734 Marseilles rtolstv .48U'Mo A Edlson.HO R 1 Dct&Maclt.. .. .. 5 Elec Stor.,.135 ErloAPttts.. .. & Fairbanks.. Clieni..lv5 8 Ilartmann... 5 KCAFtSpf. D 4 pf.110 .. MSSMLL... t MullinsUpf .. pf.lll NYNH&IHsMl Navref 7., 2., II., 1., fl. 10.. KXCIIANGK 4 7 1 Y 4 1 lu ', 6 1 .. . 4 1 8 0 4 a E 2 3 I ..90U ..SOSa gm 4Hs A hi) 701? 7034 17 SO 7013 Penna 4Ks I960 4s 013 Pere 5t A S23a cv 1923 8713 Reading gm 4s 39 clt 4s Ss SO 4s Y. Bid. Ask. Tn li Did. 4s, 1M 11 nf EAS CO 100 400 190 IIT 83 109 44 45 1(6 81 95 70 11 27 83 no 2w) 102 103 91 1044 93 E3 49 84 4 93 1154 37 82V, 110 73 I 64 63 (3 9S4 87 994 1(0 109 85 112 21 197 113 116 ioom IIS 24 M 70 40 110 C6 ll 99 61 Wl to 113 HO JOt 102 110 19 I8 1917. $3,620,000 947,048,000 93.7093.70 91.76 98.98 43.HU, 18 637s 20 64 637s 12 6314 2 64 15 . .6338 64 1.. O., 1.. 4., J & Series B 21 67 a r3, mil Oh sou & A Y Co 10 401a 40 41 1st 60 5 Seabd A L I. 6... 9... 6.. ..40 ..40 .8913 Seabd ALref 4s 1 41 Southrac cv is 10 PS?8 1 09 25 987g NYNH&IUs 50! 12 60 In NYOnt&W45 \ certlllcatxs NYToluebca 7018 Southrac ref 4s 7434 7459 10 741j P 75 South 4s 68 683a Southern Uy is 7 85 3 R47g 8414 (South Rygm 4s iz ,.CI NYTelgnHMs, 33 60 20 Bllji 3 607(1 Sou 3 60 W4s. Texas Cocv 1 2 101 A V Ss 11 37 1 70 20 NortherilPac 4s' ref 4 ryn R anil 6 e 0 TJnFac Es 04 .OrShortLlne 6s' 1 102 3 73 oja 1 KCFtS & :! So Oas 3 3 6 6 2 3 8 82 2 15 8 2 Det Dul 34 lpf II.. Martin Clk 124 Cen deb 0 .OOV .90'4 .903a Perm I i 6 1 l 3 6 60 JC 2 79 7 3 73 I ' 7 T i 6 1194 in .OOla Last. Serins 1 ti 13... 2 3 2 adj 10... .491a 1 2 4 2 Fac 1 3 8 3 8 3 Third adj 0 28 27I3 pjj, o oj'tj 3 S.II4 TInlonracref 1 76la TJSRealty&I 6 701a V S Rubber 73 1 8 ii'8 TT 8 'Rubber Ss Ss 4s Ss 21 81 18 84U Cam Ch 1st 047s 0 S Stoel of Ss 0 08 2 1 981s 98 6 831a 2 8373 Ss 2 9012 repO&O fda: writ Shore Marq Phlla Read StL&IronM StL&IronM 9W StLoulsSW StLoulsSW 103U 9SI4. Virginian WcBtcrDEIec 20 71 registered 10 70 West Md s li' 62 Wllson&Co 1st 1 97'ia VviUonA Co cv 20 91 1 V4ls 1 94 NTLaclt&W Ask. NYCASIL.. 314 do 1st pf. 61 do 2d pf.. 43 N Y Dock. 13 do pt 58 Norf&W pi. Ohio Fuel.. CO Ont Sliver.. 94 Otis KIer...120 Owen II pf.100 Pao Const., 35 do 1st pf. 63 do 2d pf.. 43 Pao Dev.... \3 Pac Mall... 31 Pac T 4 T 3) do pf rovi Pan Am pf.100 Peoris E. 13 Pero M pf.. 46 33 do pf S3 Pierre Ar pf.105 rCCAStL... C4 Pitta CI pf. 83 PFW&C pf. .. Pitts pf 92 PAWVapf. 73 Pr 8t O pf.100 Scrv RyStSp pf.,100 Royal Dut . !SH Rep Stl pf.,105 Re n Sar Read 1st pf 33 Item 1st pf.100 Rem Ker S. 9S4 Sears R pf.116 Sloss-- pi.. StLASW.. 13 do 23 8 Porto S..210 An pt 115 St Jos Lead. Stand Mill.. 130 do pf 5 Studon pf...looi 6up Stl pf.,100 Te PacI.T.300 Tide W TStLAW.... 5 do pf..., do c. do p c... Twin C nf, A 2 103 Va O '\! nid. A Stl Tub pf 13 7 Underwood 193 do pf 107 Un Hag A P 90 Un Clg 8ts.l do pf 110 V Drug 2ul 1334 U ft Expr., 22 Un R 8 do pf 13 U S R A I.. 37 US InAlpf.10) USSmelt pf 46 Va-- C pt.lll Va l C.tC... 67 Wab pf B.. 16 West 1st pf 60 West Air B 114 West M 2pf 18 West Pac... 21 Wilson pf Wis Cent... 2J Woolwnrth 1214 do pf lit Wthgtn rIA-9- Net .10 .10 .26 .08 .14 .02 .02 Iron ..6313 ..6334 ..63ia ..6334 ..031 StL StL ..391a . .4U 801a 1031a RySs Jsi 674 941i 12ft C..2C0 Inr.. .16 .10 w Zi \0 46 45 62 69 C2H 94 130 101 50 100 60 73 37 57 704 173 4 47 103 93 123 tl 78 102 1094 9tJ4 106 Vi 117 31 101 117 98 134 27 IS) 118 1314 110 90 lc; 191 ceo 273 12 23 12 23 100 13) 115 93 ts 110 25 10 21 40 131 4SH its 70 17 63 113 23 21 994 33 125 1134 95 on London, 39 francs, 88 centimes; 5 per cent loan, 87 francs, 90 centimes. Tho dollar was quoted at 9 franc?, 92 cen. tlmea. COCHRANE H4RPER C& CO. Ill Broadway NEWVORK CO State. St. BOSTON Invincible Oil Corporation Information on Rctnttst Telephone Itertor JJ t For Investment An 8 Firat Preferred Stock at par. Authorised $500,000 Outstanding $113,000 This Stock ha recently paid its 27th consecu- tive dividend and Ss backed up in liquid assets to over $250 per share. Particulars on request Hallowell & Henry Investment Securitiet 27 Pino Street, New York Telephone John 34S6 Hartshorne, Fales & Co. Members New York Sfak, Exehangs 71 Broadway JrJrpHon 7610 DouHnj Orrtn W. F. Ladd & Co. Successors Tllnay. Ln4d A C. Investment Securities New York Investment Securities R.C.Megargel 8tC0. 27 Pine Sticet-Hecai- ir; Kansas City Ry. 1st 5s, 1944 Pacific Coast Pow. 5s, 1940 Vir. Ry. & Pow. 5s, 1934 FREDERIC H. HATCH & CO. KslaMlshett lias Phone rtector 6S40. 74 IPnay. New York. Wire Connections Boston, Chicago A Phlla. LIBERTY NAT. BANK STOCK CLINTON GILBERT ITVM1 Ht.. V. V. Tel. 4M Rertn- - li Mark A. Noble Theodore C. Cor1u NOBLE & CORWIN 25 nroad St. New York Bankers Tr. Rts. Curtiss Aero PI. Citizens Rat. Rts. Bordens Com. Trlep! one Utl Broad
