The New York Times from New York, New York • Page 16

THE NEW YORK TIMES, FRIDAY. NOVEMBER 2, 19 17. a Ilovcmbcr Investment Suggestions Oar current general dm Jir corti'mo carefully ee-Uctel and w'J diTtrtit4 k'gVcrad Vends rattle at attractive prkta. This and orr cora-ririon of January and tor prkei will ef ir.trt ta too if ya art 1 5 r. re tin an investment S.e le KrW eircaar a4 Tnc fwirviM AG-14J, Company rtal C' Eaak tag Now York '07 Tax Lav niik irUuUr; Aaalyal We rat rv-ajy for Imme-rrf 1 distribution an analysis ef New la 17 Income Tax law ju.t enacted by ar.4 I'rnd by tha i're This analysis tills and charts 1 show rraphically tl rnrthoij cf rpT-tion t' Tax Law.

V. ftJ.a.'l r4 to send a py of th' acaJysis to upon req'Ofrt. A.k fat Mo. 22 pi Stittt. Corn Vi.iiam Public Utility Bonds Short Term Notes To yicM from 5M to over 7 CI" ulart on tepuit nbrijrht fc Company Inrorperited N'iiiii Street New York Leo Jo a Pari" sentrs pottal oxHnps I'.

A.D TTU IXNDS r.Ji an co vs. state cf VtZ Ccndi Due I. I9SO-196S ee o. Ccndi Due 1, t937 Interest 4.:3 GTsAriT Ci CO. ii tiKjko sr.

Kir Tons; luS CHICAGO thai Ittstmets. sta.tr thlr starna a.ar yrs.eal lo Vpts eslt anl en-w i eur SrK A. A. Ilournian i i lt a mf Sira Vkr. Sovrt St Tnils i I fMri T.V srJS 1 I Zrri sr Offerlrz List No.

1606 Isreatsee eWwitis IS r.oaJ Slrett, Kew York aonoi st-niiw-s Turk Eacaaaa I YELD CO, lostom FIHAHCIAL MARKETS NET stock exchange Slump Cains in Momentum Day's Steel Drops 7 Points in-General Rout. Year 8 It will be- known soon by the Gov 21 ernor or the Stock Exchange exactly to what extent short sellln In the inter x4 file of bear pools baa been responsible (or the market dump, for the tire took action yeieriy afternoon to bi In if IraformaUon as to the borrower of stock trfore the Committee on Boat' uu i7 13 neaa Conduct each day. This step la. of Mi4 course, a preliminary to the adoption ef iiii.cn. tneaaurea lor the rca.jicOou of tiijtuiaua suoit selling, it not like ly Ui-ti eny euort wul be made to end al! Snort at least for we iiiorcienC tv, but the Ooveinore are coins to snow 12 bow much Ihuu of truth mere in the riorts of oipiiid raids ou security Ux The Governor' action had been prac-j Ucuiy nil upon before the opening 1 of lua iiifket and wa not.

therefore, an outirroaUi of the more saver slump wi.it li uiuk piace ya.iv.raay. The moat igiMt.cam (Muie in the brnak wae tite li.or'aj.e In tne volume of transaction. 11' Hi Tl.i racu'd a total of Bnarea, jnnKinx in tarscai oay vunesa wn in more than five months. The amount of liquidation bears an Important relation to the consideration of reatrlctlve HI meuaurc. If 1.

Is found that the decline has been due alrnoat entirely to actual, bona ff llouidaiioiu tne consensus 08 anaina bankera and brokers that tM thr market rhould be allowed to pur sue its natural count. Any attempt to iido unnAturai obetabea to the de cline nil.rht easily brins- about an un-recosnizfd market In which the seller ne--itirs wmiM receive no mercy. The. I 75 der.line ha been watched Very closely bv men -who will be nromri to lane sc- ivm to mntrot it at the earliest moment that conditions seem to warrant interference, with what most people think has so far been a natural manifestation of the reaction upon the public's mind of an accumulation of highly unfavor 4H able factors beanns upon future security 37 VSI'iea. The mmmiI situation is hardly Co tin- rtarahla to that which existed in the Fall of or In the few days preceding- the cloning cf the Htock bxehanffa on ac-mnm if tha Kuronean war.

The down ixi ward movement in stocks and bondJ ha now be-n under wy for sTmost a full year. In that tlma prices have steadily receded, with few intervenm ralltes. but on the whole so aradually that th necenmiry readjustments have been mad without disturbing either bsnka or brokerage houses. Today tha kiiinunt tif bank loans secured by Htock 31U Ut4 Exchange collateral ts extraordinarily mn.il. As a matter of fact, the bi 3 14U hnka which fijrur In tha call money market would be better pleased were a i.rvee nmnArtinn nf their loans made en Ho-k hanBa seeuiilles aod subject ti i.

of court, an obvious fact 4.1 tx. 3'JS that a hear market needs much "leas finnrtn than a bull movement, and the slisht extent to wlii nroners nsve iwi to some extent the belief that liquidation has supplied the bulk ef recent transae'lons. Texterdsy's market was decidedly weak throushout the entire sesion and it. wnr.e decline at the cloee. wit L.

i v. i. i- hefora 3 o'clock on fferu'KS that tfmporiniy Mi the buyers. It closed orx points wn dealln totaling almost half a million for this one Usue. Marine pre- vwi until lt In the after noon, wben it.

toj. rve way. closing ofr Tbe list unusually broad and -Ii. r.irhed Into all cl.t8es, the 1K1 1S '3 ui ruilrosds proving no exprpuwn 5owsrd trend. Norfolk i srn ii KiArth.rn I'sririo il'i- rxew inn Contra? and Read In More trtk-ins; loes were 4 points In WlUon Co 0 Pnlted FrulU 6V In Texas 5U 'in Crucible.

in Continental Csn. tt v. a nhi. In American I no Pmeltlns. 6 in American i i AJax Rvbber.

The marks was pretty thoroUEmy oemoraiicu I wide brek forr.t the closlns; larxe nurrber or account snun "'a- S4 7 7S 41 4iU ss 14 40 41H HI 7 had ben exnausteo. New Head of Shawmut Bank. Nov. 1. Alfred Aiken of Worcester, Governor of the Boston Fed eral Reserve JUnk, today was ewewa President of the ssissa.

s-l rrkl Willia-ITa A. O.t.ion. II" will not bpr hU neW until Jaouao'. st which time Colonel Gaston, it was stated. wU become CUiirman oi uie tioaru vcv Treaiury Balance High.

WASHINGTON, Kov. balance in the Treasury's reneral fund passed the billion dollsr mark today for the first lime since receipt from ths first Uberty Ixmn wore revived at the be- nninj of ihe fiscal year. Th balanc today was ti.uw.ii,w. MONEY AND EXCHANGE. Call 4 tiait ...4 114 i 4 iHenewale ...4 trt 67 1H4 27 41 4 4 4 4i! 0 101 77 43 Tlsa ts.

mix rn rout- i t. Ktzt aii. -lity ''4 I vtnsty I Ninety. your sjnntlia.6Vi sij Four Ht six l-lv. muii i lis.

a Bask Aeceytaace. e-r MJIm nunl lth ltSCVS lank. eu dais 310 Hi Nwmrtiiur and (rtvaU bankeis e.Utbla. St) to WO iays WW Nt siicib, U)UM Csasaerrlal Payer. CmI-Kmw Naasa.

V) is on 4 ts 4 ta I BBontas 101 roREIGM EXCUASGK. Jtate Ckare. le 'tiH gterlinc tr-juiii Cables Franca Iwnuid Cables ilubisa I.t. 4,15 Ch't. Zt')k IV e.nH's 11 5.T6H 6.T 5.T614 JK 5 MH 4V4 81 24 88 ii.

i3.s IwnUll UllM iais u.ia Cllar Kxehe. N-rmai 1 jiim Lwmaad of luTch. sr Chaa. 4M4 t'la i.mM lin ils i.l.'Wd l-arl s. 4.7UH 81 China HonskeaC 73.73 V.H.i llu.00 tihsnthal IvS-iM lISHflltaa HM, liodaod T4.S0 110 41 70 22 ti S3 HO bT Calcutta? S-tsre Italy Kx.s Tokuhaina 00.00 ptiiiippine lalaadsk- alaiilla ft.nn FtuMi.

20.1S ttcandinavia-. Htorkholm Copsnnas ChrlsUaaia 19.S93 Spsm Fovtn Amertcsr 33 41 HI 43.44 Huonos Airs i IXM Bwttssrland ta.oo aa.oo a.oi 8X0O bxu S4.ee itn U.M 4.ei 4.M S.B0 a.viw (Iset 53 .50 I U.M 37 21 7o4 6t 15 iSV 34 'tW 1H4 137W 87 140 24 55 to AH 31 '11 tT." 124 ITS at Hi GT. 61 111 17 S4 tO U.T8 41 T5 S-! oo a.ee Si S3 i tw TIME BfUJI Off LONDON. n.nkfa ComTOsrW! OODaya SO Dsys. SO Pays.

Days. CTcartB; Hisil Bxfassfa. Cleaiin- Hoom exchansaa, $058,7711, Vri balance. 278 Sub-Treasury debit balance. ll.OUa,746 Federal Re serve credit balanc.

$09,763,777 Dsaele IlosiPTi. par, iiiuiiiw, Lonla, discount; San Francisco. par; Montreal. 4.37jO discount. Silver.

i Bar silver In London, 4Sd. off Hd: tn New York, Kc, off Mexican dol lar, British Bank Statement. mirAco LONDON, Nov. The weekly abatement of the Bank of England ahowa the following changes: Tutsi raerte depressed. fVW.eOOi llrruUtlon lner-aa4 7f.nn0 bullion Increased 4M1.IU3 (I her eerurnh-s In.Taawd.

T.17S,() tl-ud-u. I nrmeeii. 13 til PO i 03 44 Olhrr Uepuvlts dtrlteel. ST7.0O9 Notes rutrvt Oorvernment neuDUM a W.OuO The proportion of th bank's reserve THURSDAY, NOV." 1917. 1917.

'1916. sales 1,394,099 1,655,214 to date 158,492,812 171,505,833 r. I r- -J I Bid. AlQ tale. First.

High. tew. 10 9 3 24 MS bl 21 0 a 11 71 30 ul 2H 1.1 1 10 Advance Kumaly 21; (4 tti i aju ituooer. 61 VS UU '27 1J be I Alaska Ooid Ksll Alaska la 71 til M' ir ri ILi Auia K.iwiiiici ei a Beet ti.l Am. Can SMJIAm.

Car ITdry Am. uotton uu $.: I Am. It. Vft I Am. 11.

4k LeaUu Pf Am. ice 4i Am, 2.0UO Am. Linseed Vuu Am. Linseed pf 3.1UU Am. Locomotiv 0) Am.

Locomotive 1.juu Am. MalUnc 1.uk AmJ MalUiuc lrt pf. 17i Am. Kmrlt. 64 22 07 on lHw l4 0T 'Jo IS 1 in JUC.

W7 112 17i 1 4u 21 12 4U 63 eS W7 1-' till KX.W 2Ui Am. broelt. Jk IL wui Am. Knutr vnt I Am. Steel dries.

5jJl) Am. Hu-ar Ll-x Kit si be HI la tH4 fiUVs 33 61 01 i. 81 ion S3 t. 131 Sl 4 44 44 BaS 113 VO 41 21 13 4k f0 ST MS 1 02 11 40 bs ion 10. U.uuul Am.

Sumatra -1U PC 1 21 is-; 40 A VH ur Am. Tel. 4k H) Am. Lit0 I Am. woolen iw An.

WnUnar P. OuolAm. Ktnc, 4k 6.... 1U1 Zinc La 4k 8.pf.. 27,700 i Anaconda Copper 4.7iiO AtctuTop.

A 8. 1 t. B. pr. 1 AUanUc Coast Lit.

0.7i Gulf A West l.i 04 Jul AC. Oulf 4k W. l.pf.. 60 4 1 74 I K. 1W4 1 IS JVJfOI Baldwin Ioco ft.JUXM BalUmore A Ohio K-41 Baltimor A O.

S3 1J tr 1 77 7U P7 ia to I Bank of Commeret.J f) Jtarrett Co Jistopila Mlninr.n.. 1, ltethiehem Hteei 74.1W Beth. Steel d. t-C. Beth.

H. pf.eub.r.f.p.. 2, Bklyn Kapld Brown Kho pf fV Bruna. Ter. A By 8..

Bums Brother letuu Butt A Superior lml California 37 12 33 63 tu 31 63 204 4i S7 1M. 62 L2 California Tetrol MV California Bet. 10O Calumet A 2O.0WI Canadian 11.100 Central Leather 2,700 Cerro de Pasco 1.400 Chandler Motor Chesapeaka 4V Chi. Ureat 0O ChU Great-West. Mil.

A fit. rtil ChU M. A EL P.pf.. 1'-" 33 63 nrt 65 di 62 K7 ort 184 C2 4A 1.1 41 07 33 -21 IS 11 27 OO ro 2H 132 4 81 i 2t; I 42 7 IS I i 06 1 1.21U I Chi. 4k Northweat h.4M I ChC, B.

I. A P. t. c. Bock Island1 A .11 I i 43 fl P.

7 n. e. f. t. LOW ChU Bock Island A A )'- P- rf- t- R.eno ChU Copper 46 13 07 S3 21 27 ts 07 ll 13 17 37 16 I4N4 i i vi 7 l'T 17 1H 1 jiinv tvpprr.

C'luett. 1) Cluctt, Peabody pf. 2,721 Col. Fuel A Col. A 4) Columbia Gas A Cl, 1.01) Consolidated of 21 ic, KiOJCon.

InC Cal. 11 w- I Continental 14.1K) Corn Protlucfs Ref. (W Corn Prod. Bef. pf.

I VTUCIPIV 1 tKt. wituM 300 I Cuba Cans Kua-ar pf. 08 191 13 107 3 i TO 101 i ,3 i 34U Del. it Ii0 Lack. A 20 Ien.

A Bio Or. 23 Detroit Cdfaon DisUllera' Hecar lui Urn Mine lO.OnoiErt 7( i 7f 13 I Vw I Krie 1st tf 1.2U0 Krie 2d pf 24 23 nl 11 5 L.T 75 100 I Fisher 23 I 32 ll 12 K7 '4 37 TO 07 2 37 00 13 06 42 7 47 vn 34 2 24 21 I 1.0n0 Gaston, W.A W.x4.. Its General 3. HO General Do.tKO General Motors tleneral Motors Goodrich (11, Goodrich pf. Granby Conaol 33 I 11 1J7 Kt 74 37 TO 12 31 1 4A 12 I 1 26 2V 37 IS St 20 1M 120 74 37 00 7 S.Ksi I tlreal Northern A.imm ti.

ctrs. tor p. isO Oreene-Canaaea 1 Hit Gulf State i l'JO Gulf. Moo. A TO Haskell A tX llUools Central 1S.W Inspiration tJ lnterboro.

l.ijui lnterboro Con. H)lnt. Harvester, NJ. )( InC Harvester Corn. iKi r' 30 07 40 Kil 63 0tf 24 5S4 37 14 47 42 31 14 lo 13 64 14 113 74 loo 27 67 17 II OO 27 41 a 23 4.1 si -li 73 27 21 S3 44 04 23 19 1(0 HS 76 84 24 47 42 14 20 31 oo 43 7H .22 W.

63 ll 120 ifi K1H Jul ml t7 IBS-21 19.7;1 InU Mer. Marin 114.0iI Int. Mer. Marine 11.30U Int. l.jlnc 40 100 I Jewel Tea.

37 IS 43 2 73 3A 101 14 114 14 20 41 14 1 0O 2J 43 KV 03 23 44 72 101 73 2H Vi 44 101 17 106 7t 2H 10 104 02 70 86 24 4 43 13 37 29 32 tt 23 63 111 130 33 21 70 04 73 07 1 14 47 i4i rai i lo US 15 117 loo fa i27 -I 23 307 S3 20 2u an 43 luts i 23 tt loa T7 00 25 10 -48 42 14 sn 31 4,3 tw 12w 4.200 luii S.WJO 100 loo 1.4W 201 -2W 1 70i 1 Ms 14.0WI 100 0.tW lyi S.ouo 2i0 luo 200 S.7o 3.000 100 150 1.7 IK) 0.700 )0 000 2.4O0 SuO 4U0 11.000 IOO r-100 1 200 100 S.9U0 1.0HO i 100 tmo 400 10O UO SO 30 1 S.O Kansas City South Ksn. City boUth. Keiiy bprmz. Kennecotl i. ii.

I 71 1 13 o6i Lalce Eri 4t Lee Rubber A Tire, Leb Is Valley I Liarxett A Myer pf. LooswWtlea Biscuit. Louis. A Nash. j-, 101 14 113 T4 a 61 14 MS OU 4.1 fc3 23 saacaay Manhattan MaxweU Motors Max.

Motors 1st Max. Motors 2d Mexican Mex. Petroleum pf t.vvr a Mid vale 6U A 8. 8. Do, odd lot Kan.

A T. Mo. 1'aciflc tr Mo. Pac pf. tr cits.

Montana Power Montana Power pf 101U 1 re. iw 44, lot 17 105 70 2-- 19 104 01 ta 2444 4ft 42 15 87 2J 32 00 Hi 23 Morris A asex .1 Nat. Acm. Nat Cuhd. A NsL Lnam.

A Nat. Lead ..7. NaC Lead pf Nevada Con. Ni Y. Air N.

T. N. N. 1L A N. T-.

Ont. A Norfolk A Northern Pacific Nova, Scotia S. A C. Ohio Gas Ontario Minlns Owen Bottl Pacific Mall Pan-Am. P.

A T. pf Penn. R. R. Peoples Gas.

Per Maruuatt Pere Marquette rnercw-Arrow en 43 rj 60 11S IS C. A Bt. III. UW Pitta. Coal Pf Pitt.

A West Va. Pitt. A W. Va. fx Pressed Bteel Public Serrtc N'.

J. hj 111 120 SS nuunu 21 67 70 97 63 15' 2 27 7 10 19 1M iS 40 1 25 67 7 SH 44 32 8(0 2.7tiO 13. L300 Railway Steel Bp. Ray Con. Reading Beadlns; 24 pf Rep.

Iron A steel. Rep. Irrn A 8. Royal Dntch 37 21 evi 53 lo 0S 64 13 -10 14 1-T7 10 24. .17 S2 144 24 rA 03 33 32 13T '-4 1,4 SO 61 113 17 111 03 6.1 06 441 21 70 rut 73 S7 63 65 600 l00 too loo 101 1 2W too S.3t)0 100- i-.

tu l0 ion CSiO 100 oo S.700 400 4.400 PC Louts-San 13 26 23 34 6 IO 10 142 11S 8T 04 1 2 bT KV 37 33 SU U-Saa Jr. pf. Ft." L. Southwest 8C L. SouLhw.

pf Btxon saotor Seaboard Air Seab. Air lane Sear. Roeb. A Shattuck-Arisona, Sinclair Oil Sloss-8. Steel A Southern Pacific So.

Porto Rico Southern Ry f. Southern Ry. pf Standard Millin; Muaenur Stuu Motor Superior Steel It 13 1 ie 47 116 74 K4 68 4 112 23 Tenn. C. A Ten Texas A Third Avenue Tobacco Prod.

1'nlon Pacific I'nlon Pacific pf United Alloy United DruaT United Dyewood United Fruit United Paper Board. United Rye. 13 23 3d 6 10 1 142 10 jm 7 K4 2fr FTt, 03 iW 37 S3 12 13H 12 1 49 116 74 eo 61 113 IS 6 12 113 03 bfi 0A 43 12 13 12 1 40 ur, 74 40 61 115 1 10 12S 113 03 4Mb 1S.1 Xioo 1.10 i0 iJ0 MO 200 t.700 1.600 14 Hi 03 64 oo 4i 1, r. 1. r.

a U. H. Indus. U. 8.

Ind. AVco. pf U. 8. U.

8. Rub. 1st U. R. A M.

'MARKET AVERAGES. T0CK. I TCSTCKDArS SXAXOe. Ket nta. t.

ic 23 il aa tJ as 3 I la Siiilrtaam.Ti a SI 1 al SO a 44 3.4A tiALcv acotos or rim srocxa. 191S. 145.405.K8 Daj't last. fTA. 9 21 i Si.

ST Ii 64 64 31 ir 07 KisK lw. lass. Cos aaaS earl SI. S. IS fe.

a mm ecu SI at aa-t I mm Ksv. a-c -2 -1 35 -1 ii a --1 Oct. 11 as 1J T4' tt- 4 as4 s( JSS 3. e4 Si. Sas tac S4 sea; as a 4 -M uomtult aaa ok or airnr Nev.

Mlk I. eaeaNav. I SS M. aa al i re i ti )m. 0: sa SS kl an.

I wither. 14 a 4.. klriaaj lllll n. 1 oau e.H Si.ie h. 1J MSI las Nv.

tA4ev. 1 llt KatLi SAj.ua ur sirii iA.a.a 11 60 73 63 07 32 III 4" 21 12 4 63 04 604 af 1 74 73 11 S3 63 133 31 64 43 7 2P 43 faj IS 61 IIT. 0Ja. 4 eOMNev. 1 3 st 2i ra saea.

114.. 1 -l Ar. itis. 11 ort. ta sa se ss Jaa.

il a. 1 4 tT 01J1 satt ei as IS aa. 4 aa Jaa IS aa4 as is4 ssaoaa ea-St sa tee BONOS. i rAiLT OANua ruRTT ookua Na. .07 ur.

4 -v Urc. a Cr4. SO 1.1 on. .14 Ariturv. on.

Ts ss ei ca-t. it. 44 IKAJU.T KAMaS eT rOSTt feaXiUa. Sevt. il m.

I io 1 -IS ISlT. .04 4 Js. TV TS Ne. 1 ts nt. a sate Asr.

St aaas ewu i 14 Ksv. IT S4 1t Ayr. 04 04 H- tl.ll 44 ef 4J r. 4 1-aa. S4 4 Jaa.

1 a 4A Da-. TS as (a trsi 4V TOPICS IN WALL STREET. Tk SUteat o4 Skovt SUla A product ef the decisis of the Stork Kirhanxe OovtrDoraJo superrls abort saUina will aoenrat know led re of 4 the part beinx played la dally aerkt by eperaUona for th short account dertakan by th pobUe. It 0 specie! that lb (OarU will Us Us 2 SAtiv in the immediate rutur tra they were la October, bet the Kachaare ha not moved to liminat their traa. actiona Mtlralr.

Tb Hchssr 4 to oirrarentiat ce4eo scattawe of modsrsf amount sad toe heavy ovl prarinc from Mf speculator for specific, purpo of arttlin prime 14 isotdir. lb tlnion la tvaad that IK. sale of a trader who sli eta be dc not owa with Lh baavaf that eeaw 3 I rajmic ten4nd potat tsward 07 33 21 81 as Ti 7M 06, 101 1.1 17 prvs and the aalee of aaother trader no attempt to put pneaa oowa ry at iron oo (m cao ta th ratefory. I No tw ma In the Bir4 acre as to the pre port oa of arwrt to liqutdatlna sale of loot seaak. Hereafter tha Governor wiU aaow the exact pr cporUon.

3U Hswvr Owtatate OetlbasT 0t4 Wire houses hsndled yestsrdar flood ta. V. of eelilnx orders froaa Oaany parts of Aa. aa. Aa.

Aa. aa. Sa. the country. tt cweBssoa was the spedal sublect of short salUsf sad tjaut- 1 dation.

and a OH of It was pnsi a to 7r hav revuitsd frorn adrww seat st 23 11 23 23 1M 127 87 00 04 22 37 01 12 so M'ednady nlchl from one more Br. "8 3 railed Informatlosi ssrvre to their rlKWtu aU tt st or a it was ear to go marti tower, burn advtc. satr. ally, tended to belchl tho nan of bolder of Otaal who bad thanr IsTsMmsnl aneluna: Sown day after 4sy. 1 -1 and It also rnpplied powerful ajnmtrai-lion for th spex-uiatar wh sw tk oo- portaavlly satala: a prrt aw IS asawrt e.e 1 Hard Ttsao tk Balls, la anarketa like thooe ef the last tw months It has bee difTkralt far poteatlal bulls to keep their oooraco Too la vtmnt eoallUs of even th tLandard railroad and Industrial tssoe kav Vaaw submersed la general aaaritnana last th war vet all th major far or whkeh forroeriy mad storks ltrartrra.

Th bull on osrvntle bae rr4v4 mail attention wbea vara a tad la ts of th wkt. corn, and cotto) crop and th extraordinary pevree betng' r. raiyed for them by th psodecara. It ha found it uphill work paroo bis oUea-u that tb steel Ooata was not ftlnr to tk doc. Tk ties Is bonnd com, snLr later, wfc partkejpaau In tl eerwity market paiw from their roctemplsu) of -favorabl manors ad easmia this frorbU ImswrC There wer baaSsr yesterday wb tboocbt that th curb put upon short SetllBa; tnlfbt us4r the opportunity for susa cloa.r ssody -1 1 1 -1 0Tl la Ass Aa as.

Asa A Ass Ae -3 47 1W2 63 2-'. 07 24 21 87 14 81 .74 10 13 63 101 14" 113 74 24 7 27 06 23 2 72 .101 73 ST S3 44 101 16 04 6K 24 10 101 0 Am -1 1 -i 1 derlvtna eondiUotaS Lhaa ha be. ble of lata. mw Low Koeosd lo ltsUa 2 .1. -1 i 1 Th Rassta Gvsmrnant 5 sad par rnC deClar bonds, traded In on th Curb, made new tew records yeeterdey.

Tk 5a aold down to 64. with a doax bid of 63: and th sold at 64. wtth a doaina Md of 63. Lest week, th 6 old at 61 and th 6S at 7L Tb per erne beads of trw City ef Parts ale mad a nw low record the fttorfc BUchango yatrdsy. Tbe-y oU down to 37.

a full point vadsr qootauon of Wednesday. ad 3 poinis under last week's h'fh na-ero. The three Srarh cl tie- bordeaux. Lycma. sad Marseilles which raaSe see lw records on Wednadar.

wnh rtordeaaa 0 4 1 ii5 2 -1 aslllna down to 04. wro aarain artre ax -2 -1 3 -1 -1 3 1 1 1 -1 ri 8 yterday, hot the- lowest far in ay was 87. Th bankins; arndtcat which underwrote tb three etlie eiWrad Wedneadsy. Ail the See forvlca Ooverameat Issoe were active, CrttfVte) of ladebradaeas. With th clostnc snbocrtpOoa books 70 34 S3 24 4 4 14 20 31 64 43 78 2 64 63 no- 130 the latast effertnc of Uflcatae of lndebtedoe.

there at outstandlna; a total S2.234.631.0no, or more than ene-neii ot tno s4.ouu,oi4).doo of Liberty Loan bono wbtca th Secretary of th Treasnry will allot a basis of euberTipOoo mootiaa; 63.ar3.000.00O. Three ertlreat are ao-reptable la paytnent of Liberty Loan Installment, and they anatur from Nov. to Doe. U. rottowtas is a tsfwilstte of th sale, with date, amoaats.

rat. aod maturity! bav tuta. rr eat. aCaearlty. SS Kea.

1 3 Kev. at taa. It 4 tnav IS 4 Ja. lerArta As, Aa. ar Sept.

i.SinS4 ae m. Oct. OcU 34.... eA4.CaU refuaal lately 37 21 6 33 ti 4M 13 g1 94 IO 1 13M 10 "7H .03 144 24 f.1 x. 87 S3 11 133 2 17 47- 114 74 '4 t.

1 8 -i 1 -1 23 r. B2.334.431.00S Too last offsrliur of eortlfVnal for an Indefinite amount and for an In definite period, but the just suioonead that no fartkor swbacrtp- wwoid uona woua so accept eo. 4 prrraA aa i ant a t-. On of the troresH Indsxae to tbe ita-p raved rwadlflona la lh ahlpplns; I. 1 1 a Aas CAP NEW YORK STOCK EXCHANGE 1 Osaa fnest.

WW tw. taa. I Owa, 47 So I U. 8 8 IC A M. 44 1 1 A 44 0Tj 04 jreCTrat IT.

Htael Or 111 113 V. Oles4 pf lr 117 111 IS .74 7r la. Utah Copper a I a 74 tt 3 13 14 100 Utah Oecurllle 14 14 14 le 0 27 2l 4X1 Va. -Oar. 2 5 ta .1 00 lul rO Ve--Cr.

Cbera. 0S ta 0 4' 0 8 fro Wabash 0 i 0 0 a OI Ct WthVlh Pf. A Ae, Oa OeS, 31 3A era Wabash rf. 31 21 7" is sr Sa 1i Weils Parra r.iy.... P4 1 a pa 4 12 14 l.wO Wester.

14 II It 3 ix 14 Weatara Par rva 4 4 AO 41 Weal em 41 41 4 .4, as OS) Wester t'MM 1 P4 P4 3V COO Weetmek. Si. A 34 3 -1 0 IO l.J Whallnl A la la 4 1 JO Wheel. A I. K.

3 5 -I AT 34 White Metnrs t9 SA 44 ltaaw A 1 41 ,4. St 41 17 1 1LT 1Vilyrrraod 1 a 1T1 7fa lX W'IUraVer1sn4 Mrw An, a 113 114 eoiw, P.W HIV, 1IVS lit II. .1 US 110 IVeolwena pf 1 14 lit lis is 27 82 fo Wsrthlrrtoa 24 I SO SO 20 00 60 ea Warth. iSeBtp fX A. 6i bill SI SI -4 -1 -1 -1 3S 1 a 5 -3 rre 1 -1 61 112 17 12 111 03 63 04 44 Ibonds on stock exchange TIItTtSDAY, KOV.

JflT. UlL aaiea ITIOO IeartodsU l7Je2Ua 444JCK texy tat ess, I vext SM i a.n aj I av I eV a aea as as TTraa. as al aaaaTf. 4.. a av (41S a 4.

a MV UMlre I a Or e.s ta tS4 Caoawaa Sa-m iSia.O-'W eeawa, oa 4..... Of eHH, a AUfa4es i.i... ri. se C4aet'aaa 94 al 4a'Wa sar 4 ia-4 A ea a a as I avv. Bi Ovv I Ma) aaliia4Ua taut Caa am a was O.

as awa aaaayaa 4 I I a I smia, sxL a. I'eaaw a a iraa let I ae ss I eS SI. si a a. I lawn s- 41 aaas I el aal la l4aa Sas i.a a-as Oaa Oa al Ae TAIaa b. sax as I .44 taaa.

Sa aa Ose. a-e A S4 aAiaia. aa a Saw. a t-T a ai a. I Ae rt'' ea a.

at i fc. ei Ss tsa a aa maxaaex a Oaae). OS a- S3 6a BuSaaay aov aa at 11. at I as i it 4- a sa a as ti eaf? as alaii.a as aii as 1 A Is ea a. a ae ajar sa aa tm i ha lCSIiMV4s I I a-.

hI A. 44 I I I ft) IB a aa aa I A I mat twVa a. I t- I lAay I Be I Mt.uai, I 1 a 4JO0O. ka S4 4 i' ta a iuai.4 6a I Vr a-V. VWe-at ies are at' la a.

a.sa i aa a Owa ef ILSOS a. SS I S4 TTT s'is'iB7 6s eaf as Aarwia. v. Oryerrarwaa a soy k-aj a I arn t4 as re as i 4 STvj a fc, 0eaiaue- Aara.rt6a IWeeeVSaC. WV Sa.Sal A tA tt i beu loaarv.

I. r- i ei or4 i a a sv Ha. A I auaaaM Bi 1 S'al I a--vl i. I a a SH Caarwaiaw k. Aa I 1 1 aa- II 3 aivl tjt avwl a a.

I a ifvl I 1 II fsl I PVT, lBS ivl I I I Vj, aa i taaeea. ft I 4.7..; is A i- I Jae-rxva. I as eata-A I iaTi I i 4 tl ssartkaa I a St tV; tiT I a '-a 4 4 I 1 V-, 11 Ilk-tnaotlaa asw I oOWtssOa 4.... Via si is I aaA. U4 ea-S t.

'v A es a so. i 8wase VTaiT ttw a t. Sl 4 I f. roeVata TSa tl 07b OtU UaaaXa I Sa. aa-ss a ST 1 SAaa.

UkS 1 im a4 TlZ SI I ea, a sa ssirwtu JZLm. fit fast an a04avaa. I 'Is TT'-. irrTs. Til sa a 9 Aoae.

li .1 a A tlsriale) i i. v- r-WL ir.tex 5 aa 'a. f'k as i ji a. i ta.iiv rrr ot I 1 1.1 i eest I eBMtii ilWS 0 tsHWawH to i n. I 4i i vi i s'ai I AA I La4aasr, Ik Sataa.

5 T-a oe 4 Ja of sses I 4 CTtyerHsreAe 4'. Sa, rofaaj 0 s. SAS i -V t. aA 0 aa fniaMSVw I Sa a. ISTI --V4 aiaSILr UWIBkal as 4.

17..... Ot ref a. a IM I S4 I A 8 OS Ai OS rr 4 ervl a as oso. BID AND ASKED QUOTATIONS tar CeTeal I Sf A4a4 Ut fwej. a t.

a. rs. aaa, r. to v. ria I ISS4.

r. leaa a. as r. lA ts s. isa ta ta aa Oaa I rv- a isei la laUMM -a a rsN, Si a aei as a.

04 a la ss. eta t-wj I' a a 1 441 04 rra Vat. rev Saava ta Obai ta. kea "rasU ai oe a ara. I ta a Jr.

a M. 1 A aMl.s.ost aa aw tit 00 -a a te be car k-a. a to as tm os a a T- It a Ac a se a uat OS kt a is or a I A yaf Use a 01 a Oea. ae af tsa ease. A a Aa Kx a.

nvJ la 04 f. a a IB (m fas 4a to kra etas a 4nw aTo feeA 40 Laa Asd 1 to S) sw K. SO S4V. er tSSTM T. rs a rwea a a a a os'pV: kea S.

sa- a a i Oa Sav. sa I two 0 a. ss Iw aa aa a tas D4 W4 -X. '-ae4 Sf tsi Of ns 10 at as (Ores a si. aa sTawsr I aa ta 1 A l.

SS ac sa a fa at se I't II os rs OealM e.i.Oie era ae leaMasvaaeai Aeaas Xm. oa-e aa ri aeasa a to 0 AMia-CH at I TO Tf fn AaAffkM ia si aa jt so rr tw 00 ea A a Ata d. OS Asa ft 0 A ry tse fa OS fa la a lb as Or la. Pa t4 oe Sap 1 mt. SA ae iaa.apa a Pa aa.

a pf US l.t fKt a a 4V I ti 1 As a Tea ft As Tar. or Ass Ta fC a Aa. pr Aa ArW. Aeaets a As. DOH la tei -H tt aa e.

ot Aasae Otl. A. A A. taM ST. 04 Oareau PC OS fwk as tea a I4 15 SCAT.

A taa TV 4 I.C4M ta 4 I aw taj a. 0a xa a ftaA lat. SS mm laef ta a-ta mm ts te ai a 1 1 tte 4 rw Taa CW a.sa tm aa tas Mai te pr PS SS h-M vr ef II 04 ta la 4 St. a a t.C a 4 ta tat Of Is p. si I.

ta at' L. a kea AAfw. Iw SI OA lit as a la lie tOeit 0 at la il I MAM 1 lot a a r. pr Tl lee tot 0aTJ Oefh Oa. IS rt a cu It le pf Ha raasw tm pt lH a na tr 1 ta.

tm SstaasHa lOlllleaaatl in lw a m-i II durtry Is the actrrtty rcprfV ta the eTTVce th CbartertaeT roossalttao of tk 0hJrf4rvf7 fleard. Tb Oewasaltle starks I Its basis ass and its ref eaal ta say aaytKlRsT rar peallr-aina wit esaai rwrllnsrity. tt so vlstter I Hi offwe fail I aetie th ste4y e4 rwsad traaaartad. ekxh. aa a-'t iharter-s sasw for urtceTirer real Asaertnaa atad e.

tral tMeiraaa peee thrwesTk la sasasalt-tre aasMts, sjaesa that snar Saalaaa IS be4na omm. era the Ins, ae far as eeald aosrtaie4 ty laaeary aaseeT the bis aaippta; Orans bieaaaa altk tk recnntlttaa. It ratUtaw kerf OP with tb I a rsd liaitsAi opew It. aad ovory caarter vtMsuttad to It Pbbs4 apoew ai-ixovat eiasarov4. within toeatr-foor keen or leaa, Aa iBspisvid MeotAvl BAale.

This revival of aJp4a activity la aavo bee 4m aliswat oaurofy ta the better faeilfat; ewaoAT sklprHaa taev. wa only Inoate la r4 a law Osssissiiaa fW tl. Ae 1 tie lat alae ta 4JI r4 tla Sa ra-fateJr 4 A aay et.al Oa rale nl Aa at aar felaee taaav pad t.a aio refsae to pay ta 4vw awMia SMU er wiU Sat 4eewee at. tafar IVa Avarar ta anttaljf saeeaiiMa t- Tfc. teal baa has tbat.

am. oaf iaa'iit awaaa A 1 aa inaii er t.srfariraj laittaUep ea.ee to rMaal Oaae Paa rraaaai. baaMAy. ar-4 far, l4J Pal era 1 e4arf Oewwpae frass IS spervisUte Ar4 Brreta ta Ik A mm-rawtfViad WSIPI.USS tad epia4 tiaaa SHORT TERU e4 rasa A a ISIS la, 11 -If Ma 4A rs ta. I teas.

lw it Sa Per Pea Oa (al beew a real! raaewr4 by the aW Olf aat I mf ktaa a 'r pf Ara. laa mt 1 aa A keenaaselia sas saer la wkieA I (a ansa nee baa AaAew bald. It laterfero ary -) bwsl rriAfeaatAV.e. late ra.ata, aa4 It rrtsant Isteetkaa tw fair. Thar.

As a latter aise, raarardlpa taa rate asieti a a lAa pea. annuo baa 0vin4 It a4ary this reapsrC Tk coawaaltlee. sxa-arCuaf I th oiperteae af a aaBBber af skip. esxrs ehe bav i sen 4 to U. ret Oea.

at A. I la "areas a 4 paw. I f'a. ef va A See as Oeaeaa Ce-a 4 a a aa. lat.

I a. I 4a ri Sa la ys Seaas A Wer. I 0aw a bter. ASS snaAs any rvrv ea w-Aa or arseitly bahe. las; that pel ivoMir hamper taw fi Asa.

t. a LI a far ta i i a. T4-aaS a 1 A4. Sal Pr LtJtaatre rCa a is 1 1 sssrr to rwenai Lb rallest ssi lis a pa srarasar Ot availaaJe araaa teanar Aay saas who srant IO fcaaw wbal tb rat ta mm any parucalar a4 a4 Oarae. oaaeer a 0 ts-t tv a n.

r. i a a a 4 at. fa m'. ia aiy. Ia Pap.

I. aw. 8. -e War. 1 pa p.

1.A ea.i-a i a teal tAar. 1 e. See. ea aa ta a. a aa.

'a Waa. a-s Ha- te 14 la tr 0 a. Tea. Pre aaa iM a IA is a rr Ha 1 I len a s. taia T.

apt saa-ias ta, aaa Sap it aw I -A tiiat I a. tNMa. A I is I a 4 Pa. I i i ii Pr 1 Ma SVeM. I Pas, tap Paa aa 4 -f I a Aaa War.

I a a r. a VA. tat. 'tllll Par. (a rat sc aaw rwa.

a a st a la tea A taa. P. A let te-a tv a taa. Sai a 'at, I a tea a Saw A atlhll a. A.

a 0 Wa I twae 11L ftecrrj.w Investment Suggestion uftaUe tissM ta-Mk Sa l.V ter rtW flat lrl rdav tTVea, sra4 Bx tl' llir. HVllf SHIT lathaf B.L4cii.Ccrr-trJ Ifyvsaytrfswt To Corr.prn-t 4 w. Increased Taraticn ferrsd oinoa ai itr, rssaaara4 4ttk a ya as ara tlast are finer! 1- TW 4l.n-awwe oa Issnaa; pivm, 4 list feel araar4T7 sf ta ia ai 1 fiaa MSSSSIuai llaj ttr-m Have to tat JT eajS sv oaa" so. eawn-aiufxat HcmphilU W.hitc 5: Chamberlain 37 Wo3 TtrrrL. Nrw Vt-k tsawiea orrk fuads 4-SMadaW fa ruri1aer esAVSa Off tk ATtevaiseWl aa a.

es rw (as av a la erf as to tlaaa ,) a llMaevw IMtrtTwaus1. Wat tarrtas isanianil BBaAV lie row rti t-V 714 tlhlfi tsne en ter Cm a si 1 it 1 e4 tl rU8 V-aiui nnaa-1 Oa AJbea. eiakS ta iieBawd 4a CHAT leaAVfta 6 fut JaU' u.a a. rcsriita Jcva2s rsnlsJ Ts-Trvrtita fcir I JCirWDKlt tWtxri'Jra" Hcrritk Bennett SS law K. V.

tit rat 1 4 C( trtilwtj Kror Trri Pavrtlaj PaTTntnt ta) B)iw spey ee-a. la 11 pad Ik John Mulr ct fa Odd Lots sVses tV4 49 irawr4 e-ily. rate writ. law saartet a te Henry CIsvs 5 Co. ft, ft, tk.

aa te afVsjSltVa a. siaaia llltillt laasa. fcaaa pad UU pad seal oo ewaa Bsaaeaaa. Alas er-aaaa. ail Aw BO eaassnpl It laaed sad-eee Os dei ss saa SW Oaky Ueaa.

iaa.Pi. a a i i ftt A Waa Paeans SS Caa-i A i-e NOTES. II Bt4 Ai VIC F.M.Dycr&Co. llsaAtsair In 14 trwaa Strvof, Krw Tark C'v a. aa aa, fm Pf PS I a.

A 1 I I as mm i 4T. 1 4 44 I 4 a 1 4 XC1 Ie ta I l.t Uircctt ct. Drcxcl Oaaat let ta Pa a en Coietietln ttaprsTfsswsrU aoatf paw Cssrfswst OrtsrAw-a. CI sWoaiwos Ao Taw lh! eat pes 4 sa Pes 4 Sa a 4 Sa St Pa Pt eos oes PS 681 ke 0 a VI ltt Crstdt Inreslrrirr. Stxrvlirs Ae.swri.V Vtt .4 .1 Va.

a 4 tl 14.1 Is kaet, ha Tar4. a I I 4 MS I O-S a i a A at At a p- a a eS a ar aa pa as I ef i i pi pa A if a-, I a. ae p' A a pa a I Kt-xi, Tajlor Co. Itywsoettspnat Sarir Cara IWey Taa Qap is P- a a. a aa aa 4 il P-P.

aaa. I ea aa ae a so a aa as 1 1 a fae- ai il aa. e.a. ea a pep pv a if a a a sa 1 a aw a af I iraa a a 1 1 r. pr ea 1 04 Mat.

p. a I ta as Pf 00 rveaii Ot OA 1 44 IP A II cam TM all I 0 aa 111 Ja 4 44 oe II aaa i ar 00 Ae exi set a OS SSt Tat. Va las a am aA 0 Pf PS I I I VZ II r-a-aTo. ta 1 1 Co a 1 1 I a' taa 11a II at' fee Aa II Wa are axlwi ta .1 ps II nai ef f.ai in t4 Oa tS 1 I paeii.ie awe -aa aa a a Pa lee II paa peer is uu 1 -a 1. a II It II lal 'lllf SS I mi aa I te aj SO I 4148 I la a AO sa I rt raea 83 I a I ra A4 I a a II 1 1 1 ta a a a4 II I It a If tmrnm ta Tl- Savk aa Sta 41 la at a Waa SB, Lxaj.it a I a Ot 4 4isi as 1 Pea t.a-a 1 aa aaabsa t.

Sa OeiOeaaat a-ilaw wtasee 1 aaaaaa Sad invtitmc.nl Bonds WJfSCO. 8U9 r-aeOe 1X0 Laar os e. pa ana, 4 aa Pa aa A I-a 4 ei ta liability tuts wees la IV.mi per nt; V. 4 Star, ta a an pa, a a a im isrt waa a Ow.a Aa. AA.

I last week it was 19.70 per cent. Bank rate 9 per cent. ef Asjstalas i r..