{ title: 'The sun. (New York [N.Y.]) 1916-1920, December 20, 1919, Page 12, Image 12', 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/sn83030431/1919-12-20/ed-1/seq-12/png/', label: 'image/png', meta: '', }, { link: '/lccn/sn83030431/1919-12-20/ed-1/seq-12.pdf', label: 'application/pdf', meta: '', }, { link: '/lccn/sn83030431/1919-12-20/ed-1/seq-12/ocr.xml', label: 'application/xml', meta: '', }, { link: '/lccn/sn83030431/1919-12-20/ed-1/seq-12/ocr.txt', label: 'text/plain', meta: '', }, ] }
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I , ' Phone, Rector. 5000 ; I Josenlithal & Co. J 120 Broadway, (lew York 1 II j Mcmbcn I I Mu Vor Soc Exchange I Citiesll I PrivatcWiresto Principal Owing to the J Great Discount m Canadian Exchange Wo Can Offer (subject to prior sale) Government Bonds of the Dominion of Canada to yield more than 7 Liiienthal & Co. Memberfc New York Stock; Exchange New York Cotton Exchange 61 Broadway New York Branches 3 E. 41th St. anil I HI nromtnnT An Analysis of RIexican ffetroleum with special reference to acrcaie production - distribution earnings book-val- ue Circular F-1- 4 sent upon request. A. A. Housman C&Co. New York Stock Exrhango Now York Cotton .Kxrh. N.Y.Colteo & Sugar Kxch. Members Now York lroduce Kxcli. Chicago Board of Trade Associate Members of Liverpool Cotton Ass'n. 20 Broad Street, New York Branch Office 25 West 33d St. New York City. Liberty Building. I'hila. \RIGHTS\ Chase National Equitable j Trust Bankers Trust CLINTON GILBERT 2 Wall St.. N. V. Tel. 4S18 Iter tor FOR SALE 100 Shares Savannah River , Lumber; Pfd. Carrying 80 Common Bonus J.K.Rice,Jr.&Co. rhonm 4000 to 1010 John. 38 Wall St., N, Y. HENRY CLEWS & CO. JIfmbrs ot N. r. Stock Exehanrs. II, 13. IS, 17 A 19 I1ROAD, 8T. Deposits received subject to cheque Stock. Uond & Note Issues of Railroad & Industrial Companies Bought and Sold and conservative advances made thereon. Dealers n LIBERT ?m Branch Offices 3sO riPh ?r, I'n'on Square. 9! Wurrca o..a Third Ave. IS Court M Uruoklyn.' Suggestions for Investors r .n e li:u! on requU A. B. Lech & Co., Inc. ' Intelment Hecurltlf\. 62 CWnr St., Ne.w YorV t'hlrsro Cleveland rlilhdtlphla Boston nulTilo Ilkltlmore Minneapolis FINANCIAL NEWS AND COMMENT Stock Market Continues to Im- prove on Constructive Developments. MANY ISSUES AFFECTED Steels, Oils and Bails Aro Buoyant in Advance Money Is Firmer. Ths stock market continued Us Im- provement yesterday, assisted'by a num-b- fr of constructive developments. In the first place traders who sold stocks oa Thursday saw very plainly that the did not bo down the way they would have liked it to; that, moreover, thj short Interest In the active speculative features was still very larpe In spite of the Improve- ment that has already taken place this weak, and lastly, and most Important of nil, that the only persons who were rcnily bearish on the market at present levclfi were those who had sold stocks nt mtiph hlirhpr levels, anrf therefore could afford to wait for Indications ! 6CT4 a rtavmptlon of the upward campaign. Tho result was that the recent addition to the short interest found Itself In a very untenable position at the outset ye.v , tetday, and that about all that was need ed fcr a BU'ostnntlal rally in prices or me beginning of the Christmas rls\ In prices was a piece of really constructive news, either about the rail- road situation or else about tho peace treaty. Either ono of these considerations wcuUl have sufficed to have brought nhnnt th kiittia Ittnrl nf a. mllv as took ! place yesterday, and as luck would have It there were indications that born sit- uations were working out Just as Wall S!rrt had expected. In tho first place It was more than apparent from the reptrte In the morning papers that the Ptoldcnt had changed his mind about the rnllroads; that, In other words, tho time for the return of the roads would be extended In order to give Congress more tli'io to enact legislation for the return ,of the carriers. Secondly, It became rn.il. nn,l mnrn plpnr tn iVArvhndV that ' the Senate would work out some sort of a compromise over the holidays In rasbrd to the peace treaty that will please everybody concerned. With these two considerations out of the way, there- fore, the bears saw disappear tho main argument which they havo been using In favor of lower prlceB, with the re- sile that those who had taken a recent position on the short slda rushed to cove--- , taking In tho meantime a strong porttion on the constructive side- - In the hoi) that the President would come out with his statement on the railroads be- -, twern now and the opening of business on next Monday. The advance covered a considerably wider range of stocks than might have , 13714 113 4Bi llS'i 10914 Gil 10314 100 444 133 1271 5il4 1014 now 113 171 107 101 110 2B14 9414 been supposed under the circumstances 121 and the buoyancy steels, and stood out most proml- - nentlv. The most Important punishment ! administered to the shorts was In the 224 Mexican oils, which had been sold to a standstill on reports which have been largely manufactured In an effort to get 86 the stock lower. Mexican Petroleum and were the leaders 10514 this course, and were bid up sharply from tho start. Next to the oils tho steel shares did as well as any other Steel common got up above 103 90 and Republic experienced a very sharp 1S?4 spurt In the last halt hour, due largely to covering by shorts. But perhaps the most encouraging evidence came I from the railroad group, which followed 4ft4 the rest list upward the first time slnco the liquidating movement gan in tne rails eany lasi monin. inn 131 the tho for low priced Issues came back very sharply, Inasmuch as would have 1814 been the hardest hit In case the Preal- - dent decided to turn them back to pri- vate ownership on January 1. The money market was somewhat 8514 firmer, due in large part to the extra 10614 borrowings on Friday to carry stocks . . over the week end. Inasmuch as there no money market on Saturday there 214 Is always an extra demand for money on Friday. Yesterday's flurry was 395 course largely to this consideration, 100 but In conservative circles the opinion 5114 was freely expressed that money would 8414 nrobablv continue firm from now until after the first or me year on account oi iao tho Droximlty the 1 pay- - 5 ments. The worst or this nurry. now- - lift ever, will not reached until the last 13 the year, bo that commission 2714 houses not look for particular 135 trouble next week. The foreign exchange 10314 market was very Irregular again, sterling gf'tlng very near its previous low 19? record early In the day and recovering 8614 somewhat-late- r The rest the f market was aulet. Lint MONEY AND EXCHANGE. l Iirnowais Year's Jith JO (Year's SO Year's low low TIME Mixed Collateral. Sixty dsjs H Nicety days 64 Four months 4 Five months 64 Six months H COMMERCIAL Trlme Indorsed Bills. Receivable filYir davs 6ifftS4 Ninety days 5W5H Francs Normal 5.1S13 1J.20 S0.00 ;t.46 Greece CALL Hlirh. J3.7SU 10.90 rans Marks MONEY. Hlirh Low Last hlrh Yrir' LOANS. All Industrials. Klxty diya 74 Ntiwtj days 74 Four months Fire months 74 PAPER. months utner names. Three six months CLEARING HOUSE STATEMENT. Clearing- exchanges. SMS.H.'.Ooa; bal- ances. iils.U2.4M; Sub.Trcasurr debit St.I19.3SS Federal reserve balances, 109.M2,443. DOMESTIC EXCHANGE. Boston, par; Chicago, par; St. Lonls, 2SO ISe. discount; Ran Francisco, par; Montrea., J12.50 per J1.000 premium; Cincinnati, par; Minneapolis. 10c. premium. SILVER PRICES. Bar silver In New York, JI.S3, off lc In London, 1tW Hd. Mexlcaa dollars, S1.0S, ofl Uc Sterlinr Demand. Cables.).. Demand.. Cable MarU Demand.. Cables.... rale of exeb. ll.i 40 29 12.41 49.il C.0 44 4S 42 S FOREIGN EXCHANGE. 10.W S.U 2.10 i.SfS5 Sierllnr 3.1S11 3.1S13 1.0C04 11!) 5.1'H 3.1PA ...... Belgium snantnai Holland ,,,, .... Ittnewals J 2 Six Six to S461K ; , : ; i I ' ... . f 4 ... 8 6 ... Low. J3.71H S.73 11. W l.M 2.00 J3.74H J.T6 ii. o: 1100 2 03 -- Testenlay's Cloio Demsnd or checks. 73U 11.02 2.06 10.72 99 1.60 1S.50 3?K mois Bombay 43 Japan-Yokoh- ama (0 Philippine Islands , Manila 4t Itn;y is.rr Siandlnavia Sirvkholm St.40 OH-'Ilen- S3.U Coptaha;en ls.lj routh Amorica Rio 2S; Arrentlna (zold).. s Buenos Aires 43li Spain 19.S4 Sultserland 513 I!til i Currency) rubles I.M loo rubles 3.40 TIME BILLS ON LONDON. Prev. close. S1.76U j.n 11 S3 11.33 :.oi Cablet, 13.75 11.00 2.03 10.70 i.eo; 13.40 37H 43U m U.S3 21.50 20.43 13.23 2SS 5.77 4.14 1.30 Bankers. I Commercial. dsys ii 7041(0 days 13.70 dtys 3,6lti90 days a.llVi Day's to date Bid. Aak. 3054 43 71 46', 93 U 0W Off 121 14 tva HT4 S5 24H 47 cn 95 U 23 ?i CS 96 80 91 SC14 mi 93 of 5214 5814 r,i4 7414 SI 7714 7 92 13 29?5 39 120 1 29 87 93 1214 914 41 7 lie 26 9 21 79 4314 6114 108 5t; of these of 53 ?4 oils rails 4 8 365, 50H 118 of group of 2514 5714 70 group. 314 94 of all 39 of 204 be- - 62 SO these 30?i 12 395 duo 9S?4 of January be week of do any 13 down on. of 123 41 74 month 74 House up 11.42 COO Ot74 13 of 1814 105 336 88 6U SOU 48 49 7814 37 33 69 9214 .'714 S714 62 3 12 S0 13214 112 48 107 21 7514 77 70 3814 15 41 15 41 13714 28 42 8! 311 37 41 111 178 110 103 42 3014 2414 34 63U 117 106 22014 2214 63 49 1214 72 93 0M, 13 2114 394 58 50 68K 89 31 43, 72141 li 2 4315 94 97 90 124 54 100 13S14 114 47 12 90 24 11614 4714 C814 109 6S14 9514 104 28 69 9614 31 107 45 924 138 97 9ST4 95 67 12S 66 17 55 03 ft 7 61 75 IIS S4 7714 8 94 174 2014 110 102 31 44 21V. 112 114 29 92 95 1314 13 V, 10 44 e Ott 119 2S14 9 26 2114 7914 44 64 13414 95 10814 57 54 414 814 23 37 S714 120 106 23 58 70V, 100 18 36 95 3914 40 23 63 59 18 31 1314 S514 10714 217 419 419 107 51 85 99V. 187 6 13 13 2S 137 74 103 13 W 87 128 42 36 13 4 1214 337' 90 87 8014 49 49 1ST 37 34 70 95 5814 88 52 4 12 811 1.14 114 50 108 21 75 79 71 39 15 42 10 42 133 28 44 87 40 33 42 112 6 1S5 110 110 42 Vs 31 25 34 DAT 122 107 23 63 49 13 75 98 9 13 24 39 60 51 69 89?, Dir. in l. 12 80c 314 1.20 3 1 8 6 8 8 7 7 4 6 10 10 10 10 4 4 2 7 7 7 7 10 1.20 4 BUs. 19, 1919. sales rear ,8014 600 Adams Express fcOO 100 Advnnce rtumelj' if 2600 Alaska Gold Mines 1100 Alaska Jiinenu 0 At 1800 MfR 700 Am Agrlciil ... 100 Am Asrlcnl pf. 700 Am Dwt SiiRitr 200 Am Rosen 5100 Am Can 2200 Am' Can pf 1200 Am Car & 200 Am Car & pf... 600 Am Cotton Oil 400 Am 100 Am Express 3000 Am Hldo ti Leather 1300 Am Hide & Leather pf.. . 200 Am Icq 100 Am Ico pf 14400 Am Corp.. . 600 Am Linseed Co ,8400 Am 300 Am pf 6400 Am Ship & . . 6500 Am Smelt & lief 500 Am Smelt & Rcf pf 200 Am Smelt Sec A 200 Am Snuff 2400 Am Steel lt)0 Am Steel pf... 1300 Am Sugar Itef 3700 Am Sumatra Tobacco . . , 6050 Am Tel & Tel ex dlv 100 Am Tobacco pf new 11000 Am Tobacco Sec 4700 Am Woolen 600 Am Writing Pnpor pf 600 Am Zinc, Lead & Smelt.. 200 Am Zinc, Lead & Sm pf. 7100 Anaconda Copper 400 Assets 1300 Dry doods .., 200 Assoclat Dry Goods 2d pf 200 Oil Co 6100 Atch, Top & Santa Fo . . . 4500 Atch, Top & Santa Fe pf . 1000 Atlanta, Blrm & Atl 600 Atlantic Coast LI no cx dlv 2100 Atl, Gulf & W I S S 4300 Autosalcs 60300 Baldwin Wks 100 Baldwin Locomot Wks pf 7100 Baltimore- - & Ohio . . . 2700 & Ohio pf . 200 Barrett Co 100 Barrett Co pf 200 Mtnlns 1000 Motors ... 900 Motors rts 100 Stee! 19200 Steel B . . 600 Booth Fisheries ltapld Transit.. Bap Tr ctfs of dep 1300 Union Gas 500 Bruns Term & R U. 100 Buffalo. Boch & Pitts 200 Burns Bros 500 Co 400 Butte1 Copper & Zinc 300 Butte & Copper. 1900 Caddo Central O & II. 700 Packing Co. 1000 . 100 Pet pf ex dlv. 3300 Canadian Pacific 2400 Central Leather 100 Central Leather pf 3900 Cerro de Pasco Copper. S00 Chandler Motors . 2000 & Ohio.... 300 Chi & E 111 pf En Tr ctfs 100 Chicago Gt lOOlChl Ot Western pf Mil & St Paul.. 9700 Chi, Mil & St Paul pf... 6200 Chicago & 100 Chicago & pf 200 Chi Pncu Tool ex rts... 2800 Chicago, R I & 500 Chi, It I & Vac 6 p c pf. 1000 Chi, R I & Pac 7 p c pf. 50 Chi, St P, M & Omaha pf 4400 Chile Copper 1700 Chlno Copper 1000 Cluctt, & Co..,, 100 Coca-Col- a 1700 Col Fuel & Iron 200 Colorado & . 400 Columbia G & Elec 11400 Columbia 7900 Gus 600 Con Cal Min. 1000 Textile. 1700 Textile rts 1400 6200 Corn Products Ref 100 Corn Products Ref pf... 100 Cripple Creek Cent 100 Cripple Creek Cent pf.. 15000 Crucible Steel Co 100 Cuban Am Sugar 50 Cuban Am Sugar 100 Cuban Am Sugar pf.... 7800 Cuba Cane Sugar 200 Cuba Cane Sugar pf.... 600 Delaware & Hudson .... 200 Del, Lack & 800 Denver & Rio Grande... . 4000 Denver & Rio Grando pf 300 Dome Mines 400 100 100 pf .... 2500 Erie 2100 Erie 1st pf 1400 Famous ., 100 Fisher Body Corp 1S00 Fisk Rubber 6900 Frceport Texas 1600 Gaston, Williams & Wig, 2800 General Cigar Co 300 Genera! Electric Co Motors Corp .... 200 General Motors Corp pf.. 500 General Motors Corp deb. 1200 B F. 800 Granby Consol M & S. . .. 100 Gray & Davis 8700 Great Northern pf COO Great Northern Ore ctfs. Cananea Copper.. 2000 Gulf States Steel 200 Hartman Corp 400 Haskell & Barker Car.... 1800 Illinois Central 4400 Con Copper. . 1200 Con Corp 2600 Interboro Con Corp pf . . . 200 Int Agrlcul Corp pf 500 Int Harvester Co new..'.. 100 Int Harvester Co pf new. 5500 Int Mer Marine 5700 Int Mer Marine pf 6S00 Nickel .... 3500 Paper 100 Internat Paper pf stpd... 100 Salt 1700 Iron Products Corp 900 Jewel Tea 1160 Jewel Tea pf 800 Kansas City Southern ... . . . & Co .... of St & 100 & M 100 pf & . . 1st ... Oil cx & & St St P & S S M St P & S S M & & pf & & pf, dATUKDAi. jJliiUJIimflttK NEW YORK STOCK EXCHANGE PRICES. Friday, December 1919. 1,120,7(35 304,054,472 Advance) numely Chemical Cliemlcnl Magneto Foundry Foundry DruRBlst Syndicate. International Locomotive Loeomotlvo Commerce.. FoundrlCB Foundries Realization Associated Associated Locomotive Baltimore Batopllas Bethlehem Bethlehem Bethlehem Bethlehem 2000!Brooklyn 475BkIyn Brooklyn Butterlck Superior California California Petroleum California Chesapeake Western.... 8600Chlcaeo. Northwestern. .Northwest Pacific... Peabody Southern... Graphophone. Consolidated Interstate Consolidated Consolidated Continental Candy....... Western... Emerson-Brantin- ? Endlcott-Johnso- n Endlcott-Johnso- n Playora-Lask- y 14300'GeneraI Goodrich, 300Greene Inspiration Interhoro International International International 400 Kansas City Southern pf.! 700 Tire 9300 Kcnnecott Copper 2200 Keystone Tire Rubber. 9700 Lackawanna Steel 300 Laclede Gas Louis.. 6300 Lee Rubber Tire 1700 Lehigh Valley Liggett Tobacco pf.. 4200 Loft Inc 400 Lorlllard Tobacco LoiiKard Tobacco 700 Louisville Nashville.... 1000 Manhat Elevated guar. 100 Manhattan Shirt 300 Martin-Parr- y' Corp 300 Maxwell Motor COO Maxwell Motor ctfs 200 Maxwell Motor pf. 2100 May Department Stores.. E00 May Departmt Stores pf. 61800 Mexican Petroleum 400 Miami Copper 5700 Middle States dlv.. C700 Mid vale Steel Ord COO Minn Louts new.... 700 Minn, SOO Minn. pf.. 2800 Missouri. Kan Tex.... lOOiMissouri, Kan Tex pf.. 3700IMUsourl Pacific 2000'Mlssouri Pacific 1900jMontana Power 300!.Mulllns Body 900lN.it Aniline Cheni 200Nat Aniline Chem THE SUN, zu, xviv. 30 42 71 1 2 46 93 97 95. 121 51 98 136 114 40 12 5 24 115 47 68 107 68 94 103 28 68 96 80 105 44 91 137 96 98 94 66 127' 55 17 54 til ,8 6 60 74 118 82 77 7 91 173 0 108 101 30 40 122 111 1 2STl 90 93 13 13 10 42 7 CO 119 28 9 261: 21 7fi 43 73 132 93 108 55 122 53 4 7 22 36 51 85 118 107 24 57 69 95 18 351 92 39 39 20 63 61 80 18 31 13 85 107 5 is 209 385 385 106 51 84 99 185 6 12 13 27 136 104 12 19 87 123 41 36 18 70 166 326 88 86 80 49 49 77 37 33 66 93 57 88 51 4 13 80 132 113 49 107 21 74 78 70 38 15 41 15 44 137 28 43 85 39 38 42 109 20 185 109 46 31 25 34 34 63 115 106 209 22 63 49 12 71 91 9 13 25 39 57 50 69 89 Continued on Following Page 30 43 71 1 2 47 91 97 96 123 55 99 139 114 46 12 85 24 117 43 68 111 68 90 103 29 69 96 80 105 45 91 3 ' 98 99 94 67 129 56 17 5t 58 7 61 74 118 81 78 91 173 20 111 101 31 44 122 111 'T4 1 29 90 98 13 137 10 43 7 50 119 28 9 26 21 79 73 134 95 103 6j 123 Si 7 22 38 Vl 53 87 118 107 25 5S 71 93 19 36 94 39 41 20 63 61 SI 19 31 13 S6 107 15 219 385 385 106 52 84 99 1S6 6 13 13 27 136 104 13 19 87 123 42 36 18 72 166 340 113 138 110 117 1918. 1917. 497,953 603,954 138.C22.442 170,156,391 441) 9J 88 86 80 49 49 7S 37 34 69 93 58 83 52 4 13 80 133 50 108 21 76 78 70 39 15 42 15 44 28 44 88 39 38 42 109 6 135 110 46 31 25 34 34 63 106 24 2276 64 49 12 72 95 9 13 26 40 59 50 69 89 Iiovr. est. 30 42 71 1 46 93 97 95 121 54 98 136 114 46 12 85 23 116 47 6S 107 63 91 M3 28 68 96 80 105 91 137 96 91 60 127 551 16 51 57 0 60 741 117M 40 ,21 111 1 28 14 90 931 13 50 119 2611 108 118 106 24V, 56 63 93 39 85 107 5 15 209 3S5 13 27 136' 104 123 18 70 ,65' 326 80 48 Ti 49 93 113 49 78 70 37 15 41 42 110 34 U3 115 209 70 89 Cloj. Net Inc. Chsnrs. 30 43 71 1 2 M 40 .. 91 1' 97 1 95 123 1 54 99 138 1 114 46 12 85 4 24 115 48 6S 1 109 1 08 95 1 103 2 28 69 1 96 80 105 45 91 138 1 96 .. 9S 94 06 1 127 55 16 5 58 C 60 74 117 2 84 1 78 7 90 173 19 14 110 2 101 31 2 44 3 121 111 1 1 .. ,29 90 1 95 2 13 13 U 10 : 43 2 i 7 60 119 .28 9 . 26 , 21 i 79 3 i 43 i 73 i 134 1 i 95 1 108 i 50 i 122 i 54 l 4 1 i 7 . 22 i 38 1 i 53 3 , 86 1 US 106 25 1 58 70 1 95 i 13 - 1 36 1 94 2 39 I 40 1 i 20 i 63 59 2 i 30 1 19 i 30 i i 13 .. 85 107 5 5 13 215 7 383 i 385 t 106 1 51 84 99 i 186 5 b 13 13 27 2 1 136 2 104 1 i 13 i 19 i 87 123 i 41 .. .36 18 72 2 i 165 336 12 r 88 1 . 86 80 i 43 49 . 78 1 37 34 i 69 3 93 1 ,68 1 88 52 3 12 80 ,133 .. 113 43 108 2 , 21 75 1 78 70 1 38 15 41 - 2 , 15 1 44 1 137 1 i 2S 44 , 86 2 , 39 i 38 42 ,109 , 26 i 184 110 , 110 43 4, i 31 25 2 i 34 31 , 63 1 116 i 106 220 12 , 22 , 63 . 49 i 12 72 U ,95 4 9 , 13 i 16 1 40 1 i 59 2 . 60 .. i 68 83 GOSSIP OF WAIL STBEET. A Tw-Foli- it Market. A largo trader who follows tho tapo rather closely characterised tho present market an a two-poi- market In con- trol of professional operators, who aro mighty glad of a point' or a two point turn every day and atlnfled to buy In the morning un'd sell In the afternoon or vice versa. Thero appeared, howovor, to bo a Btionger undertone to the mar- ket than there has been In many n dny and thero Is no doubt that the nmrltet wna much broader than It was n wools ago. ltnlls, the steel stocks and llio oil docks, particularly those which havo been heavly sold by.the bears, were In special demand during most of the Jay, although th6 8 per cent, rate for call money near tho close had the effect of slowing things down a bit and causing some profit taking. The market ot this week has proved conclusively ono thine at least and that 1b that forced liquidation of the sort that knocks tho bottpm sud- denly out of prices Is over and that the market Is in an excellent technical posi- tion to tako advantage of tho expected fnvorablo factors. , Hall Htock. Wall Street confidently believes that between now nnd ChrlstinaB Presldunt\ Wilson will send a special message, to Congress on the railroad situation. It confidently believes also that the Presi- dent will urgo that tnc rails bo retained ov the Government, at least until spring, It is confident too that the rails will not bo turned back to their owners with thn existing rates in effect, flacking this bollef, Ihe ftnnncln! district takes a much more kindly view of the rail sit- uation than It did a month or even a week ago, Many people who havo been noncommittal on tho rails are now boldly bullish. Tin result has been an upturn In tha rails In Ihe last few days, which at leiiet has given them the ap- pearance of utrenglh. Yesterday's move wen led by Southern Pacific with a gain of 2 points. S. P. was followed closely by others cf Its group, Ihore properties which hava dono best undor Government control being naturally in the lead, Mexican Petroleum. The swift advance of Mexican Petro leum yesterday from tho low of 209 to the high of 224, with a proportionate but more moderato advance In Pan American Petroleum and B stock, may be attributed to a squeeze of the short Interests, which have been selling tho Doheny stocks eatly and late. Contributing mlshr:iy to this squeor.o was the announcement of the practically full absorption of tho B stock by holders, which will leave tho underwriters with very little, If any, of the stock to tako. Tho bears commenced to reallzo yesterday that this will mean a considerable reduction In the floating supply of tho old shares of Mexican Petroleum. When a few started to reach for these shares to cover the move started and before tho day was over It became a complete bear rout. Any num- ber of stories to keep the pres-jr- e sharply on Mexican Petroleum and ntlit'd stocks havo been circulated Industriously of late. Steel Htuckn. Unltod States Steel sold up to 105 yesterday, crossing Its former line of heavy resistance and closing the day under strong accumulation. With the flurry of shorts In Steel to cover and with somo largo operators Industriously buying the stock Steel again Jumped Into the market lead, and other steel stocks followfy) It up tho scale, Bethlehem B, Republic Iron and Steel and Lacka- wanna of the smaller steels fared best, and their gains In every case nmouuted to moro than a point and a half net for the day. Commenting on the situation In the steels a large house said yester day: \Looking six months forward ono may vlsuallzo tremendous activity In steel and kindred Industries. By that time tho railroad question will assuredly have been settled nnd the rehabilitation of the roads should bo well under way All signs point at this time to 1920 be tng a year of remarkable prosperity for all of the steel concerns. Persistent accumulation of steel securities during the last week. In the face of pronounced, professional pressure, seems to Indicate that Influential people within tho In- dustry aro buying these securities be- cause of forehand knowledge of 1920 business.\ 11 ltt Fire DUnolutloii. Traders who havo bought and sold Wilson & Co. on the bis board. Swift & Co. on the curb, and tho stocks of Swift and Armour In Chicago and other mar-ket- f. probably had In mind the benefits derived by other Government dissolu tions yesterday. They were extremely shy about selling these stocks and their market movements, despite the order which no doubt will have a far reaching Influence on their future balance sheets, waa no more than that of a normal day. In fact before mid-da- y Wllron & Co. had sold up to 82, a gain of 2 points, but dropped back later in the day under profit taking. Money at 8 Per Cent. After opening and renewing nt 6 yes- terday money gradually stiffened up to S In the lato afternoon on some Inquiry for call funfls for uso over Sunday. There were no unusual features In the advnnce, It being merely response to tho late demand and an opportunity to put out at a little better than the rates of the prevloUH day some Idle fund;. The time money market continues to mark time and despite the fact that bor- rowers are bidding as high as 8 for sixty and ninety day loans on collateral, lenders are not disposed to extend accommodations. January 1 Mnturltle. Corporate maturities at the end of this year are not as heavy as usual, and ac- cording to one authority, will nmount to about (66,210,540, against (65,785,750 In December. They will represent very little new financing and none that can- not be very readily taken care of. The most doubt hovers about the railroad maturities, which total $16,702,880, on which the New York Central Railroad Company has four Items of equipment trust amounting to (5,717,000, due on January 1. Becausa of the uncertainty In railroad circles concerning the time when the properties will be returned to their owners, no provisions for this and other small railroad maturities havn been made. The most Important Item In the group of public utilities maturi- ties Is that of the Toledo Traction, Light and Power Company, which has an is- sue of 7 per cent, notes of two years life for $10,500,000, falling due on the first of tho year. Copper Outlook. lfalfcer's Weekly Copper Letter says of the copper market: \The experience of tho past month or two has demon- strated that there always Is a. price at which copper can bo sold. After the metal was offered down about five cents a pound, approximately to the level of average production costs, the mining companies were able to sell enough of the metal to relieve themsolves of any necessity of appealing to the banks for assistance. In view of the uncertainty ot the general outlook managements of mining companies felt that It would be unwise to continue operations on bor- rowed money. The outlook Is very much more encouraging now, as consumers with moderate stocks of the metal on hand will boess likely to object to an advance In prices. When Kuropean financial conditions are straightened out there undoubtedly will be a great wave of foreign buying demand, which will push prices up to 2G cents a pound or higher.\ A BONDS NEW YORK STOCK EXCHANGE Friday, December 19, 1919. 1010. 1918. $20,809,000 $20,410,000 Year Wate\ 3,683;032,000 1,932,383,000 RANGE OF LIBERTY BONDS. Closing. . Sales (in JIM. Asked. Yield. Jl.OOOs). Open. ' 99.00 93.50 ,91.32 93.50 91.50 101.00 93.66 91,54 98.92 98.92 IN . V V'. r (l ifl 99.10 93.60 91.40 91.54 91.58 98.98 98.98 17.,., vo in 8 O8I3 ' JJJ\ 2 or i a 3 035 a osia 3 03l 3 9..I2 1... 08 7.IK ti IB 081) 10 9ie 3 081a city or nor-- . dull! M I 23a City or Mar adllMti O 021 Cltr of rar h i e 02U 1 V2Y 4 D2U 1 V23 4 92 4 02U United Klnctlm ... S.... 7.... 1. -- V floimrrn \lj 40 OrtV 211 OOlj 100 0(8 18 OS BI3 Pfi 108 OS ICO IK 1037 8 11 873 1 88 4 8789 2 873 11 1 8708 1... I... 18... VI... ir\'. 10... 3\... 10... J... 18... 10... 40... 3.. 5a 1921 5 7l3 ins 3 02 1931 4 ei It 7313 1 ltd 2 .T7 Oer atd 1 77 1 n d 1 S3 .1 am 1 04 5s 38 88 20 4 (1 cv fa H 4 11 12 II S4 16 8U cr to 1 OS.\ JS 00 dt is !i B 10 10.. 14 1.. 10... 21... IS... 6.... 2.... 1.... 2.... .non 93.56, 93.60 ..o.vu .(Iflla .O8I3' .08.Il DO'S 0518 SS 178s .87IJ ,87la' .&SI4 .7Ja .87l5 .878g .87l3 .87.4 .87s .87d .871.! .87V Dcm Canada 77?8 Eni 5d()5 8,... ...To 70ia Japancso 8II3 lTtncn Tokyo mi Ollj Alaaka Series lt8 AmT&T AmT&T 23.... 20.. ,7078 ,80 ,707s1 .7978 ,8U 79781 Ammtir IV4a 3 e2'8 10 33. .10.. .8158 1 81 1 8218 3 12 ATJt 8Fen4n 6 7flU 8., \09b 2... 1... 1... 8... 4... 8... 2... 2... 5.... 1. .871 .873 Fug 7ii ....7013 ....7034 ....767a ....7013 ....7013 ....77 ..77 ..7013 ..703 ..77 atamped 1 077a 2 09 6 9U 2 coupon 4s, coupon 77 ..7034 ..7Sll ..7034 At 4;. Al M St Susq Ilk Note. Pf H S pf. A Cot pf. Llns M G Amer A pi. pf. A 8 lm,r Am T- -l C RO 82 do A Auto 8 lf, n?lh 3 do ... Ola 4'J 4.42 4,61 4.67 4.87 5.04 4.91 C.01 4.01 cv. 218 ..... 91.36 160 93.50 At 11.. 01 K J 4 93.58 93.60 776 4th 1 733 Vic (1922-23).- .. 98.90 98.80 98.98 765 V c 922-2- 3 .. 98.92 98.93 98.90 98.98 United Foreign Rallro.d, Industrial and Other Bonds. AntloFrrrifh tbiltWrcu 48.W....87I ArncntlneOv JapanraelctlUi ,'apanose AmSmelt&HSi ....JO'S ....roia ....7058 ....7014 AT&SFadlto OUnecJUi redstered (1U3Z-W- J.. (192T-42- ) (1932-4- 7 (1933-38).- .. States, At Coast Una 41 S 77 6 T078 A 7M4 7..C....78I3 10 77U ATiSKBU liti 7 731a 2 7358 fat lc 0M3i 4 6314 H 621 3 0 83U 0 r3l4 1 83 8 84 12 841j 1 u85 10 8II3 H lc O k It\ 10 80i a 1 604 13 Kilo 1 8038 1 67 13 8(114 10 8013 r, 0014 21 a 88 1; 8734 10 SS Bft Wrr4 A 85 8 84 'S 28 MI4 8 MU 7 04 4 O 68 3 6414 4 85 4 34'S 2 6414 3 SS4 4 88 4 847s 6 fB 1 847, 20 63 0 68)3 1 4 65 1 8BI3 3 85 1 rsia 1 10 Mi r 4. ...... 507s 3 3 IHItiO cold 41 10, 60-1- 12 8OI3 S Wl4 2 ei 5.... 1.... 14.... 1.... 1) 4s 4H 4a ..OH4 ..ooia ..0058 ..ooia 10 0113 Batt&Ohlo 3lS 2 82 15 817a 3 8133 BaltAOSWJHi 8 7lls 8 71 Balt&Ol'I.E k W V4i 62 Beth fdfc la 10 6OI3 Beth Stl Ja 12 81 2 8H4 Bin Bap Tr U 6 4B3( 15 50 1 40 7 48l8 Bkn Tr S 1 3378 4 3314 10 341a 1 Rim R T 4a 8 .2714 Pkri'Un F.I Ut 80 eT 7 5 104 Cal Oa & T. la 1 89 Canada Bo St. 8 85ls Cent it U 92 8 2 MI4 921a 2 t J Ctn Leather a 10 0U O 8... 10... 1... 12... 1... 0.. C ft O 1. 3... 12... 1... 3... 10... 4s ...70ia ...7614 ...703 ...77 ...76ia ...7044 ...77 72 ...7218 ...72 ...72U ...72 .. .7214 Chea & O 4Hs 4 71 4 7ii3 8 7114 t 7H8 Chl&AIton 3!a 8 3014 Clttt) join' 4i 1 9413 14 0434 2 9478 3 03 21 947g 10 9434 1 047a 1 434 6.S30...94I3 7 OS 5 9434 1 943 7 05 Y. 1\0 Patwma, 19S6. re&lstered lstcv. ...7008 ...721a 50.... 2S.... 10'J.... 2 1. Panama, 1S1S, coupon It, Panama 193S, rejlsterfd !$, Panama, 1938, coupon it. Panama, registered 3. Panama, coupon PM1. Isl. land purchase 4s. 1M1.. Phil. 111. rublle works 1S33... Hill. public works 4. 193\)... Pistriit of Columbia FOREIGN 110ND3. Anilo-Frcnc- Extern. 1. 1013 Arrnnfinn lntprn. 5a. 1943 Canada. Dominion 1921 snun Aroor. AG4WI Brown Shoe ...... 22... lAOf-J- L7.' '\f.AVKJ iftonn ioH no (1928) P.ririlMlt 7314 Cent 10 IOOI4 781b 781a CblB&QIII 721a Chl&Kaatlll rertUWatM 15 20U Erie 82 61U 6138 10 6II3 th 6II3 ,1 CUftStl' 43 Oi 10 6H3 02 10 0212 02 10 02lfl 18 1'Slj Bt 48 021a 10 03 20 o:i8 30... 13... SO... 8... 10... A:: 12... ..03 JltSt 1'gra 72'8 10 73 7418 St Ml, 84U 65 84 847g M5a M?S SI 10 63 ridllll&Ht!' 60 08 OSU 71 0N WirmM 90l3 CANWpnli C&NWMUSpaf &Nt 7313 ChlHIftl'Ilv 72 CMKI&i' 10... 10.... 10.... 20.... 10 oo'a eou 0838 UnStn4W 7034 Chile Copper 10SI3 Oh'lo Copper 1.... 10).,.. CCC&StLimU 007a 10 co CCC&StL 80 72U 72 South 821a 991a Del&IIud 8183 Dei&IIud 80 04 Tun 7213 725a ut 60 82 5134 62 72 5218 ser 10 3858 ser 35 ErlecvUMT 3734 27 38 407fl 401a Electric 5.......8II3 STOCK EXCHANGE QUOTATIONS UNITED STATES GOVERNMENT H0ND3 reirlitrred 10) WAi ......1034 Ci.nada, Dominion Canada. Dtminlon Clurew Gov.. Kur 69. Cuba Extern. Cuba Extern. 5s. series A, Cuba Extern. 4VJ. Er.mlnlcan Ucp. 5s, Cliy of Lrons 6s. ot Marseilles jr. 6s. 1931.... City of Bordeaux 1931.... French. Parli City 6s. Jnrnnrso Gov. 44s. aterl. Jr.ranee Oov. His. 2d leries, 1925.. Japanese Gov. loan. 67 Japanese, ToUlo City 6s. V. K. 5'4. K. O. 5ljs, 1922.... V, K. G. Hi. 1929... U. K. B. 64s. 1937... Mixlco Extern, sterl. Mexico Extern, to'.d of 1931.. of stocks which there transactions yesterday: i!0 pf Ship. pf . pf pf.. Harnett nf 28 20 4s. Bid. Ask. 92 .. 100 45 4 89 34 in to 230 Oa 133 90 118 , 9214 K3 So 72 754 i 9S4- - 9IH MH 110 111 ' ,103 IDS 93 63 4s 2d 4s .Ajn 87i ..01 01 cv III. of. 7S do pf il ? inn inn 3d 6 1934 fnt 1 783b 47 It 11 NJ la 100 2 Oil Bit Q cm 4a 9 1 Wis fl U Chi & 1st 1 Cbl Ut West 4s 8 1 3 6188 or U 23 7 5 10 C II M H o S 3U 1.. 7... 4... 1.., O 1 8 10 U fd 9 6 1 0 4 1 1 6 It 13 IKi 1 2 0 2 Chi Ityj 1st H 1 41 4 ref 4 6.... s 00 1 C CM S 7i 11 4 103 to 20.. 1 4Kl 0 Col ert 4ii 10 7 8 4 1 2 2U Con Oa cv 4 12 cv lis 3 8134 14 1 Deo k Rio O 4j 10 U Det 4K 3 2 Cn 4Ss 10 OS Erie con 41 1 1 cv t A 9 30 cr 4 n 6 3 n 2 cen 2 7 Gen Vi 1 Nor '4s X. ? Asl 9!)7J 99W . 8S . . 72 57 of. 1926 92,4 ot, 1931 51 Hu Ry. 1951. 4S Si. 191 1319 11M9 l?r,S 15 yr. 1931 32'i fit) 13 92 13 yr. 6i, 1921 92U loan. 1923. 76 7o 4s. . 19:2 37 G. 11 & I. 5 jr. 1921. ... 9.V4 U n. & I. 3 jr. KY, II. 4 I. 1 yr. 93 O. lc I. M yr. S74 5s of '99, 1915. 33 4s '04, .. In no Ch Pf Alb A Am O Am Am 4 Am Silt- - Tob Tnh. A Aim Dry G Ipf L... Stf. 95 46 M 90 43 S3 ; 16 71 33 9.1 91 45 12 21 90 103 1st 57 ..68 8tl Rao 70,8 8... 4Ki C 1' Erie Erin Erie llul. Mrt 8SV4 92 83i 92H 1331. pf.. Bid. Beech Crk.. 2 Bkn Edison 80 llllf lc Susq 63 do pf 46 n R . p rf .. Burns B pf.110 Term. 83 CalPiclt pl.117 Cal A Aria. 61U Can South.. 43 Case pf 9S Cent Fdy do pi CHIt of NJ.175 C S A 115 Cert Prod.. 53 da 1st pf. do 2d pf.. 71 Chi & Alt.. Vi do pf 10 Chi A EI ct I CCC&SIL...- - 43 do pf 62 ClevetPitts .. & O E 62 i ..0278 ..0213 ,.023l ..0213 ..03 ..0214 ..0213 ..031 ..03 ..0313 ..01 7234 7734 037a .eoij .0018 .COI3 .Cflig .OOI3 ..81U ..Oils ..8U3 ..82 ..81 .BUS 737S 721a Colo reft) Detroit 355g 941s Great strrl. 10 so l\v 7JS 97i'j 93', 91. 47 91'i s; \4 87 92?, 92s m, 82Ni 77T 7S CS'i 57 0 94 M; S7i 41U Closing prices were Bush Tel.. 84'i Col 10'A. IWjI, wei; lOM'i lOOii Ask. 27 87H 67 tl 10) 113 HO 64 43V4 99 f'.'i 210 120 85 90 ii 41s 44 M 80 CI JludJtllanadJ 4, ,.... .10 8 16I4 1 lsig 3 10 16 ISI3 Hud M Xdg isBcrlM A 48 67 8734 , 6 0013 ID Cent 4a 19JJ 4 72 ill Cen 4a im 6 001a 1U Ocn rf 4a 91 1 731a 2 7614 2 70 10 764 llllnot Bll 4Ks 2 1314 IndlanaHteel Aa 4 0338 UterO R T let la ltll 10 63 31 62 4 0.... IB.... 21.... 20.... R... . III.... n,... 16.... 10.... 13.... 4..., 0..., 21..., ..62ia ..8234 ..52'd ..63 ..MI4 ..63 ..8234 . .S23 ..8234 ,i623g ...621a 1..I0. .52U 6 6213 60 5214 11 6238 30 624 20 62lg 23 8214 12 828 28 82 0 6218 23 52U 6 823a 8 82 10 621b 1 62 16 817a 2. ., 10..., 10..., 10..., 2.... 25.... 0. 13 ...62U ...6218 ...62I4 ...62 ...8134 ...52'4 ...62 ...6134 ...62U 52 Interboro-Me- t rol trurt 4(0 12... ....1734 13 17 IS 1713 10 1013 8 17 3 107a 2 17 10 1678 certificates 2 18 in 1734 27 10 21 1l3 8 10U Int Apr Ch 9 1 81 1 8078 Int M Marine 4a 2 93 1 92U 48 93 lowaCentrai 41 3 30 KCFtS & M it 6 031 3 Kan O So ref 3 3 7213 1 725a 20 721a 2 7212 EanCltrler 41 2 701a 10 701i Lack Stl t 14V) 5 9818 naltAV4s 6 85 L8&MS 4s 1911 11 8213 Lemcn vai on 5... LehVal con4Hs Ii 78 Ial fds 4a 1 00 Long lsl un 4s 6 00 Lou it 4i 24 8078 5 8034 4 fiOSa 1 8038 Mldvalo Sll 53 4 82 1 8178 8 8134 8 8178 1 81.1l Mo Pac 55 1923 3 9U8 Mo Pac tK 1929 2 80 Mo Pac am 4) I D.V4 1.. 34.. 15.. 6.. 4.. 4... ...6313 ...S5ia ...6014 ...801a .07 JInnt Pwr M an Chi 0 8418 Morris Es IH 1 701a NewOrlTer 4iA 1 631 1 NO Tex ft SI is 0 81 N Y Cen deh fa 2 9038 5 SOI4 20 90 19 90U Bid. CI Peabody. 94- - do pt Col It $ lpf 4SV4 do pf 40 t'nl Grph pf 92 Comp Tab.. 55 con Clear... 624 do rf 79 Con Gai.... SO 5)in Gas B. Con Coal -- M .. Con Can.... S7 do pf 1U2V4 Con Injur.. Si1 Con Candy.. 12;; t.'rex Carpet S2 Cru Sll pf.. 6b Dcerr pf BfiJi Det Bet&Mnck.. .. Del United. .. Diamond M.113 Dili & A 3 do pf 0 Elk Horn F M\4 do pf 3SH Elec Mor...l3 i:nier Br pf 8J ErieiPitta.. .. Erie 2d pi. 14U Fed M & S. M do pf 261 Fairbanks., sm do pf 93H Fisher B pf.103 Gen Cijcs pf 934 do drb pf 92 Goodrich pf.lCl Gen Mot pt S3 Gulf M St N 74 do pf 30 Gulf S Stl.. 69 do 1st pf. 92V1 Homestake. 11 Int Acr 134 Int Nick pf S3 Int Pap pt. 9u Iowa Cent.. 44 J0n Tea.. 134 KC&FtSpf. 52 Kel Sp T pt 93 do S 101 KeMVhccl.. 75 dtf of 97 Kco & D M 4 do pf 1 Kresje S S.1M do pf Kv\. Kress S II,. 71 do pf Lake E&W. 74 do pf 13 U 4 M..193 Loost-W..- (3 do 1st pf. 90 do 2d pf.,101 Man Beach. ',i Martin Iy.. 244 Mackar SS do irt 61 Martin R... 65 Math Alk.. 31 Maxw 2d pf 304 High. 99.40 93.36 91.44 03.56 91.53 93.28 93.02 NYAIrBr ct m 3 OU '8 N Y Cen Wei 1 ,J0 8 788 2 70 N Y Cen del) ti 11 78 N Y Cen 3t 7 08 ELt II &Pt 2 41 N Y N II A 11 CV 8s 1 0038 10 00 6 0l8 N Y Rya adj 8a 4 7 10 7la rTtiflcatoi 8 03 N Y Rya ref 4 0 31 certlllcatm 0 311a NY 8 Kyi 4Vi 2 4814 1 4S78 N Y Tel dfb 9. 7 00 NY Tel Km 4 3 80U NYWeatrhwt'r 41 4 35 10 31 2 3478 13 341a 3...j...3l78 7 33 NorfiWcv\) 19 10J U 10214 W41 3 771a 3 7818 10 77 Nortbernrac 41 8 701a 25 7018 27 70 4 7034 11 77 1 70'4 9 703i P.-- .e St 6 6.H4 0 63 7 5313 1 51 1 Mlj 13 3313 Nor States Pwr 1st in Cer A 2 83 OrShortLlne (Ii 1 097s Or 8b L fde 4a 5 82 10 8134 3.. 81)2 Pacific Claa J 2 82lj 10 82 renna 4a 191? 8 S3 Penna to 1M 7.. I.. 2.. 1.. 16.. 18.. 14.. 5, 1 rm A oi 373. ... 077S 25.. 6.. 10.. 10.. 3.. 0.. 414) 1M0 O SOI4 13 8913 7 89'4 6 691a Pcro Mara 5' A 1 10 8218 llerce Oil 6a 1924 10 ,9978 Pitt, Lous Nash ...80 St L 4Hl I 4 89 Put) Serv Corp of N J fa 1 5S 3 89 3 881a 4 5713 rm it 6 78U 1 7813 10 783i 7813 Itl 4li 3 6018 4 60 4s 7313 8 73 StLft Iron Mt Rlv 5 071a lit 2 01U 13 CI 5 6078 5s 2 861a con 4s 6 66I4 tL k f anFrin adjtj 3., 3., 32.... 10.... 3.... 10.... 2.... 5.... 10.... Ask. 93 1084 52 4S f3',i 67 61 SO 4 102 8.1 914 103 M 134 60 100 1M4 117 85 ll ' 10 3 45 13 92 \0 1414 11 23 86 lio\ 100 96 101 90 SW 31 70 97 76 3) SS 1U r.4 29 61 9!4, 10I 80 1(10 s ISO no S5 112 1! is;; 2111 70 113 f4 KVi 74 614 II 4) 324 Low. 98.90' 91.32 93.38 91.50 NYtlaa VDtnton NrnolkA; Northern ..80 . Reading .5019 . ..87 ..57 1917. $5,322,000 Chgs. .14 93.28 .10 91.32 .18 .00 02 93.54 91.54 91.60 91.50 91.68 38.98 ..72i3 23.... nil. ot Inch 13 ULtc SanFruu Beriea A 2 657 8 6534 1. ....... 60 0 6634 4 (.58 2 8634 8 Mlj 8(1. 1 687a 6. 8. 2... 13... 20. .C, 1.. ...50)3 .0' StL EanFrau H 10 O8I3 12 CMs 8 OS'S 2 fl34 2 09 2 ooia Seabd 5... 1... 33... 0... 3... 1... 2... 1... Ml. ..60ia .60U Beriea A L ..30 ..3513 ..35 .3,Ma . .3313 fleabd ALrerta 6 38 Bouthl'ac cr M 1 loiia 6 0 Eouthl'ac cv 41 4 787g 6 7834 0 7Sl3 7834 South 4a 1 OOI3 SoutliPac ref 41 2 70la 1 7fl3g 11 70U 12 701a SoPacSF ter 43 6 71 Southern Itv Ji 3 8418 17 84U 7 843g 0 8H4 4 8413 25 84 14 1 8478 South ftn 41 1 00 28 607a 6 eo 2 60U 3 00 14 6934 21 5078 TcnnCI&RRSs 1 9078 n nn.li Term' ana ...MU Teiaa Co cv fa '\Si 1 10318 Tex&Pactst&j f2rl 2 3 Si 4Wa J flWrdAT VdJ'Js 8 ,3. 22 SOU \ ..sola ..85ia ..soi4 ...8OI3 Penna L8A:MS4Al92S,rbll 101V) 1 Arli&La BtLAIronll 1 G11IM1 StLoulsSW StLoulsSW StLSW 1 .6038 ..561a ..8OI4 ..867a BID AND ASKED QUOTATIONS. Edlson.112 1,014,393,000 Not Last. 98.96 r1.R2 Su GoTernment, nnut'raii 4113 10413 Third 1 276a 1 2713 2 28 23 271a Third At ref it 2 4934 6 401 8 4934 8s 1 CnlonPacllle 4 2... 5... ... ..so adj ..33 ..'-t- i 104 JO Pac Ky 803 iltt AMD Ave I'rnn ,80 jh'B 102 10., 2... 13. 1 nlonPac cv 4) 10 858 50 85I4 Union Pac ref 4s 9 77l3 Un RR 8F Eq Trust ctfs 20 28 C 8 5s 8 80 U H Smelting ts 8 103 O H Meet ft Is JO 97 10 . 830.0801 9 97 VlrKlnlan Rr Sa 26 83 2 83U 3 Wabaah 1st 12 90 WeaternEIec 9s 1 5 OOI4 West Md4s 5 47U West Shoi e t 1 72a O 72'Ja Vh & LE cn 4s 10 S3 10 53I4 Wllson&Co 1st 1 07U 2 718 llao..Co cr 2 941a 4 9434 10 9513 10 053a 5714 Wis 4s 67ia 2 0418 Mex Tel pi. K Mich tVnt.. .. MSSMLL... M Mo Plow pf 94 Mor 4 Es.. 684 P PI...100 Miillinsll pf W N C & Nat S54 N.n Iiiic....ll6l do pf 112 N Clk 4 S.. 79 do pf 101 N E4S pf...l00 N By M 1 pf 5 SOU M 414 NYLacktW .. NYC4!)Llpf C2 do 2d pf.. 43 NYDock pf 5S Norf 4 So.. 94 Ohio Fuel.. 604 Pac SC do 1st pf. 60 do Stl 44 Tae 704 Tnc O & E 60 P T4T pf . 70t; Pan Am pf.173 lVorla 4 E. It 3\. do pf 100 PierceAr pf.101 PieroeOil pf.i Htti CI pi., al PFlWiC pf .. Hits Stl pf 90 K Din N Y 4S Read at pf. ?i; Rem 1st pt.101 Rem Her 3.. 03 Sav 72 Sears R pf 1141,; sloss Sh pt. 60 8 Porto 8.. 220 . St Jos Lead '134 Stand Mill. .1.12 do p( 87 Stew War.. 1364 Sun Stl pf UO Tex ParLT.SW TV,' W Oil T St I. 4 W do pt... do c.... ,1a n e Twin O nf.. pf..lO Un Chr Sls.t: do nf Un Dm?.. . io ?d nf. pf... USuAlm. 93.40 Rubber StL.107 Acme.. i;o Undor'.l USCIP 6 15 10 . 13 S3 ,.6Vl ..35I3 ..35)4 ..3838 UnPao Central Coast.. Dev.... Arms... .110 .1404 134 104 US InAl pf.103 ..35 Bid. Mon pt.. Vs-- C pf.llH West 1st pf 61 Wll Over pf 894 Wis Cent. . 27 Wool'lh pf 1124 Wthj-t- pfA 91 Ex dividend. 83 .04 .02 .12 I .02 c .8234 .8213 .825a .83 .8314 fdir S3 97 Ask. 1(B 1110 60 101 \X 113 37 1174 111 80 104 102 10 43 90 70 43 61 10 C24 in 100 60 724 604 704 200 11 S3 107 102 91 123 92 75 334 101Vi 101 73 1!S4 93 210 14 142 SO 171 104 too 263 12 24 11 93 115 110 142 54 41 ICS 112 65 90 34 1144 HOLIDAY TRADE AT NEW HIGH RECORD Itcmoval of Coal Restrictions Gives Honowed Vigor to Christmas Shopping;. BUYING POWER IS XO LESS Wholesale Trading Is Larger Than Usual at This Timo of tho Year. Removal of coal conservation restric- tions has given renewed vigor to Chris- tmas trade, and ulthough consldorabls disaffection Is rtlll upparent because of high prlceH tho general purchasing pow-o- r docs not disclose tho shrinkage that might have been expected to dovelop, ac- cording to weekly trndo revlows. \The normal period of Inactivity in wholesale trading and In retail distribu- tion,\ says Dun's Review, \finds rather less of tho formor phase apparent than usual and even moro of the latter con- dition obtaining than during previous yearn of a record holiday turnover. of fuel and light regulations Imposed by the recent bituminous mln-In- g controversy has permitted freer and fuller phopplng and the extensive mov- ement of staple articles, luxuries and novelties, necms moro note- worthy when extraordinary prices aro considered. ''Disaffection over extreme prices has not diminished as passing months have failed to bring lower living costs that had been talked of In some quarters, but tho general purchasing power docs not dlsclosA slirlnlcaga that might logic-all- y havo been expoctod and evidences of extravagance In personal expend- itures i remain conspicuously present \Tho remarkably large domestic and foreign consumption of commodities In combination with restriction of outputs from one obstacle or another has caused a shortage of goods that Is nearly every- where complained of and which tends to obstruct operations In not a few In- stances. IJiiyern Offer I'renilmnn. \Competition among buyers to secure urgently needed raw materials and manufactured products not Infrequently results In offers of premiums for quick dollvertes, which sellers aro not often In a position to take advantage of, and ;peculatlve commitments In anticipation of still 'higher prices aro by no means wholly absent. \That the existing disproportion be- tween demand and supply will soon be appreciably reduced Is Improbable, for winter has brought added handicaps to various Industries In the way ot zero temperatures and storms, East and West, and ending of tho recent mining troubles has not meant nn immediate abandonment of nil limitations on mar- keting and use of fuel. \The prospect does not room bright for an early amelioration of the scarcity of goods through expansion of produc- tion here, but a measuro of relief may bo afforded In Borne lines by Increased Imports from nbroad, notwithstanding the reported economic distress and dis- organization In Europo.\ Fnvornblo Features In Majority. Rradatreet'a Stato of Trade says : features constitute a large ma- jority of the unusually full list of Im- portant traded and Industrial happenings this week. Resumption of coal produc- tion, enlarged fuel shipments, removal of all restrictions on light, heat and ship bunkering, reopening or speeding up ot closed or partially Idle mills, factories and furnaces, active buying of Iron and steel, augmenting unfilled orders, further advances In these and other metals, sharp cold weather, stimulating buying of heavy wearing apparel, rally In for- eign exchange and passage of the Edge bill, reawakening export buying of grain and hog products, slight decline in the Weekly Food Index notwithstanding this lowered quotations for dairy prod- ucts, oggs, beef and potatoes, lower prices for hides and leather and new high record volume of hpllday trade aro among tho outstanding events making for unusual activity at this season of the year. ''Coal shipments have had tho right of way on railroads, and complaints that trade In lumber and other building ma- terials Is dulled by acute car shortages are probably traceable to this as much as to enlarged shipments of grain from farms attracted by highest prices of tho year for all cereals except corn. Un- questionably the tone ot trade Is better In tho coal mining regions, although re- newed operations cannot as yet reflect in enlarged miners' earnings. \General trade features havo been timely lifting of restrictions on retail trade, flood of holiday buying that has \There Is, of course, rather more quiet in primary markets, which havo more time In which to consider reports of re newed governmental and State action to restrict unnecessary buying.\ CARSTAIRS & CO. MEMBERS New York Stock Exchange Philadelphia Stock Exchange New York Cotton Exchange STOCKS and BONDS 71 Broadway lcne, Boulini Crein-611- ' Niagara Insurance Stock J.K.Rice,Jr.&Co. Phones iOOO to 4010 Jrhn. .10 Wall St K.Y. ' 14 Wall Street, New York PHILADELPHIA CHICAGO LIBERTY BONDS All denominations boujht for cash Bastd on the olo.Liis we pay JI9.01 fm- - a $30 3V4r Uond. 5 Cmipom 45.; foruSSO SdlVil Uond. I Coupon f 4A.RA for a S50 3d4Vi Uond. 1 Coupon F4.VG4 for u 1M 4li4Vi\. Iloml. 2 C'onpont l8.08fora50 othlKT. UftufT Open all day y. PIJRDY & CO. Tel. Jnhn 31H-S-8.- 31 l'lne St.. N.J. Investors read Tlie Wall Street Journal