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3i -7 ht - tt
' i" 1
.3B&&,; -
SJJpfjTMffMJPiB
9
Vi
flS
f
34
ml
tc
ti
an
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tilt
as
e
raJi
11 14
ROCK ISLAND BONDS
STRONG IN TRADING
ON N. Y. EXCHANGE
Talk of Opposition to Wal
lace Committee Thought
to Be Responsible for Ad
vance.
NEW YORK, Dee. 4.-Further evidence
Of the expansion of Investment demand
And of Increasing confidence was fur
t nlshed In tlio bond trading on the floor
of the exchango today. Transactions dur
ing the morning were the largest of any
simitar period slifco the exchange re
opened on last Saturday.
features of the trading were Rock
Island Issues, which were strong. The
refunding 43, after opening tit 66, ad
vanced to SS. The Ss. which opened at
Si, U above last night's closing, went
to KM during the morning, reacting to
8; Just before noon.
The advance In the Issues was thought
to bo caused by buying of Interests which
are opposed to the Wallace Committee,
which Is calling for deposits of the re
funding is for a reorganisation of the
road. Although the Wallace Commtttco
now has a majority of the outstanding
bonds on deposit with It, it was pointed
out that any one securing a small min
ority could hold up the plans of the
Wallace Committee and possibly organize
a minority committee with the purpo3o
of buying the road when It Is auctioned
off this month.
It was pointed out today that control
of tho Chicago, noble Island nnd Tactile
could be obtained at a relatively low price
through the purchase of the collateral 4s,
which are selling around 22.
Southern Pacific convertible Ss rose from
91 tC 01' J, and Bethlehem Steel 5s rose
from 83T4 to SOttrr- New York Railways 4s
made a gain of ?! to Tl and the Ss sold
at SliJ. Northwest Pacific 4s gained a
pdlnt frcm the. opening price of iSi.
No evidence can be obtained of any
largo foreign selling, although rumors
have been current that Germany Is plac
ing largo amounts of bonds In this market
and tho upturn in rclchsmarlcs Is taken
as confirmation of these reports. ' Spoyer
& Co. state that they do not think for
eign selling has had as much to do with
the strength In rclchmarks na the cov
ering 61 shorts. Exchange on Berlin has
been sold freely for some weeks at de
clines starting from 93, and Gorman
bankers Insist that a large part of this
selling was not for short account.
Trading in stocks through the Clearing
House Committee continues to increase
and now has assumed such proportions
that tho exchango authorities cannot
spare the services of the clerks who were
assigned to tho work of preparing the
afternoon and closing sheets giving the
quotations and sales. This method of re
porting after two days of service has
now been abandoned, and the quotations
nnd sales will be printed on the ticker
after 3 p. m. The sales given are of 100
share lots only, no report being made
of transactions In fractional lots.
All developments aro still of a favor
able character. Copper metal today is
selling at 13 cents, and that price may
now be taken as the fixed business rate.
Money is In such supply ns to be an
actual glut In the market, lenders being
found everywhere, even amonii Stock Ex
change houses, while borrowers are few.
This has forced many of tlioso with un
used funds to appear on tho Stock Ex
change as borrowers of stocks, and the
borrowing demand has facilitated the
liquidation of many loans. The general
list lends at-3& to 4 per cent., with United
States Steel common at 4', per cent, aifd
Southern Hallway at S per cent.
Tomorrow's bank statement will give
the condition of each Individual. The de
layed statement will be complicated, as
It will Include seven new items, but this,
of course, will have no bearing on the
general showing. ,
Tho New York banks lost heavily
through Subtreasury operations this week.
They received from the Interior $12.1)7,000,
according to the known movements of
money, and shipped $7,231,000, Including
$130,000, to New Orleans, J1.00O.O00 to San
Francisco and 5 1,423,000 national bank
notes sent to Washington for redemption.
Ordinary disbursements to the Subtreas
ury totaled 13,500.(00, wlille payments for
customs. Internal revenue and note re
demption amounted to $11,280,000, showing
a loss on Subtreasury operations of $32,
779,000 and a net loss of $27.SS3,OC0. These
figures would appear to Indicate a rather
poor weekly bank statement tomorrow.
The Canadian Pacific offering of $12,
00,000 equipment notes has been, oversub
scribed. This reflects the enormous In
vestment demand now in the market, and
foreshadows early efforts at Important
now financing by some of the leading rail
ways. It Is understood that steps in this
direction arc now only held back because
of a desire to wait for the Interstate Com
merce decision on freight rates.
FINANCIAL BRIEFS
Upon application of Brown Bros. & Co.
and others the United States District
Court has declared the Hartley SUk
Manufacturing: Company bankrupt, and
appointed Townsend Rushmore. Benjamin
Dobson and Samuel Simpson as receivers.
Having fixed upon minimum prices, the
EL Louis Stock Exchange will open next
Monday.
Beginning; today, the Federal Reserve
Bank of Philadelphia will Issue Its weekly
statement on each Friday, afternoon be
tween 4:99 and 4:43 o'clock.
Fourteen new memoers have been elect
ed try the New York Produce Exchange.
Barclay JfcFadden, ot GeorseH. Mo
Fadden & Bro.. has been elected a mem
fcr of the New York Cotton Exchange.
At a, special meeting stockholders of
the Metropolitan Life Insurance Company
voted unanimously in favor of the plan
tar mutuallsallon of the company.
NEW YORK BOND SALES
High, tow. 2 hi.
.. 87W 8Tfc ?7s
ltlOO Amer Tel ell 4s....
limo Amer Tel cvt 44. . .
,000 Atthltnn Ren 4s. ..
,OTO Atrhlson cv 4s. . .
IMW) Atchlren cv 4s louu.
li.Vi
li.l
i.if.
111
10
iu4
lit J
iVifi
ro
i oil
5JJ
83j
87
US
-IWA'
WW do cv 4',m SI
JOOO II AO 1 tSWV4 . SO
3i) nnlt & o Hwn a4
S7
XX "l,l oicei 1st i3.
.'$.
(WOO do rfd .Is SO'i ,8V
Inoo nrnnV riftti t ft mi tin
S(P,4
101
vti
7'l
S.lts
t
ii4l
snk
07i
ZZ'k
satt
IJO'i
01
Ml
B4;s
00
100
M
Wl'i
l(TOO do 101R . .WW Mil lis'.
two Cent leather t's't'Cs!; BTJi
'"!
, '.mi rag 1st s,, . on
140W IhHAO cv 41,S-. . 01
UVp Chi ft Alton .1i
7000 Chi n A Q Joint 4.. IH'4
10(l Chi n A q gen 4s... . WW
401) Chi Mil & st r ret 4V4s Ri)
ItWO Chl Mil 81 P CV 4W3 BJS
nooo Chl MM A Bt V gn ills nf?
1210 Chl II I & P col 4s.,.. Sijk
-woon Chl II 1 ft p col e t 4s. Z-JU
1000 CI cv 8h I-Ino 4U m
1000 let A ltuil rfil 4s.... lit
2PJ!" u,s Bee Corp 3s 30
2000 Hrlo gen 4s.. !4'i
1IXK IJrio coir 4s Ker II CO
l'.U0 F WAD 1st lis. .....lull
idI It iidson A Msr In 4s. . 20
two III Central rfd 4s.... 8rt'
s.iti
(IS
S3
lll?i
U.l
m'i
01
no
cis
to
IIS)
SB
S'lts
00
HIJi
7,
WfiK
.10
Kill
tllj
S'l
nsi
12ll
tit
r,2
R7
11.1
ll.-
loih
ijiriu In Con Copiicr ov Os liu'l
00
2a-p in eieei ti&s, v
SI'S
"ni"' imeru Aiei -HfcB . ,.
1K.00 Intern II T ret fts...
ltiWK) Intsrb H T let. f.s
linn inter Met Msr 4V- .
HO.m Intsnil Paper in
WOO Lnckn Steel fis. tniS.
WOii 1,1c sh deb 4s, 1031.
SUW I.IK A M T Ss
"'"Hi no "s
HI "I I.OUI A Nnth 4s
10O0 .Mo Kan A T Sd 4s.
1000 N Y C A Hurl 4s....
lOOll N Y City 4s, 1W.. ..
noon N y city 4s. inso
lofO N Y City 4M, Nov '87
inoo N Y Otis it A I 6s.
.IttVIo N Y Ilwy ret 4s
21'WH) N Y liny ndj 8
1000 N Y Tel (ten 4'4s
Reno Nor lno sen "s
lOCtki Nor I'so 4s
I
U
no-
tllli'.
will
.10
100
so
iish
O'lli
:to
loo
Kll
i
tit
M
S7
03
l
nm't
.lit)
. til
. r.'j
. S7
. OS
. 01
laiw
. nifs
. at
. R'l
. M'i
.1021i
. 04
.to:!
. no'i
. St'i
. OS
. SWW
. 74 (i
. r,t
. SH1
tno
n
UK)
Affi Sty
nil. nu
m
oH
(El
SSli
.so'J
102V,
04
10.1
tlO'l
N)Jh
rirt4
81
741,
04
0i
w
Ml 'I
102i
01
10.-I
74i
111
ws
S4 J
m
IIS
113
7IHi
74 J5
WW
04t
K-,'i
87
SOU
io.o ore Short r, ler 4s..
11)110 Ore Short Mne Sis
lmo Pacific Tel "s
IixK) Lay Con Cop 0s
Von Hep lr A S 8s 10IO..
70OO Itcvk Inland Is
linen I'ock Island rM 4s..
20000 Hock Island Ss
,vxsi St I.ouIs Snn 1st 4s.
icon SeahoorJ .V 1 ndj Os.
lM4in Bonth Pftc cv 4s 7
I.O.W clo cv Ds.
ua cv us ci;h
ila rfd 4 S4'
04'!,
ni
si
.1(100
h" i eon in itwy Ren ss ... i
mono do con 6s PS
7'ixi Texas Co cv 0s O.IJi
nooo Thlnl Ave ref Is 70)4
:.ooii Third Ave adj Ss 74
.",00 U P Govern rcg 4e...100'5
I(iiO U S Steel Us 10O
.-.Oflii Union Pac 1st 4s 4'4
1COO do cv 4s 8-Hi
lift) Wn'oasli 2d ."s R7
1300O West E A M CV 8s M'i
ni
n,
TlHi
7IIJ
Itfli.,
07i
Mil
lo'l
LOCAL STOCK AND BOND SALES
Net
Opcn.ltlsh.Low.2:4." p.m. Cec
in Am ms mrer.ni
on Hald Ixico 41
143 Cam Iron 41
70 Cam steel 40
if.3 i:iec Storase.. IS
SO Ins Co N Am. 20.
till
JIKI
100
41
II
to
40
41
41
40
4S
41
41
40
4S'i
1
204i S04
2 Int S P ft Cll. SMi
"Vi -
.Hi
8 Key Tl pM t c r.l)
8 Lehigh Nev... 72i
1.17 lhlith Nav t c 7.1
r.'.i :,n
ill'
724J
7,21
70
72U T2i
73ii 7?o
S2 S2
J2(5 22f
It II
i!
01 Northern Cent.. X
812 Penna 82i
2S8 Phlla T:iectrlc. i2i
2Ii) Ph n T tr ctfs 11
4 Phttn Trnrllnn.. 71)
Til !
S nallwnys Geii..H2H H2H
00 Reading rn's oil's
r.vi Tonopah llel.... 1"., 4
Ollji
on;.
i. a.
X"
.ii ;
si
87
so
44. - U
7 U
no Tonopah Mininc. ,,, ,',i
171 Unlcn Traction. :ui'4 ."OM
.-.us United Gas Imp si SI
10.-, IVeetmnro Coal. 87 8,
H Yorw Ilwy 30 SO
8?
87 -3
30
.Loss. Oaln.
FONDS.
Sales. HlEh. Low. 1 P.M.
100 Am O A C 5s S.HJ S2a M'.i
200O Phlla dec 4 js ,s 7S
HO Am O A E 8s SS'S M'4 5-lVs
inoo Elec A Peo Tr 4s t c. ,S .8 ,8
.1000 I. Val Annuity Os 13.' V-j l-
3000 Phlla Elec 4s S iS iS
HOURLY PHILADELPHIA SALES
10 A. M. to 11 A. M.
80 Baldwin . . .
U) Cam Stl.. .
40 Kl St lit.. .
A El St lit....
20 Ins Co N A.
8 Leh Nav....
81 Let) Nav t
I'll Penna
inn Penna
37 Penna
41 115 Ffclla Elec. 12U
40 10 P It T t c. 11
48 5 Iteatflnc OO'i
4S'i 10 Tonopah .... T)t
JOi 100 Tonopah .... 7
7il2 Ton-Bel 4 13-11
7J HID Ton-Del 4i
Kl'i, r, tj'nlon Trac. K'l'i
112 60S U O I SI
82
BONDP.
$2000 Ttde g m 4s 02H
11 A. M. to 12 M.
Kl Am Tts prd.ioo
10 Baldwin .'. .. 41
10 Cam Steel.... 40
70 El St Uat. . . 4S1J
2 Penna
08 Penna
iOi) P R T t c.
41 Phlla El
IV) Iteadlni . . .
if
o3iJ
-a Len jvav i c. tn
50 Leli Nav t c.
73Vi HO Ton-Bel ....
HONDS.
78 1100 Am GAE Ss !-.
J2000 Ph Ele 4s.
12 M. to 1 P. M,
110 Elec Stor B
r.l) do ........
100 Penna .,...
4 Phlla Trac.
5 Un Cos N J...
4S(4 28 Iteadlnr 6.1
4 SO Ton-Belm ... i
nan .-!.! do nt-in
70 210 Union Tree... Wi
218
BONDS.
$30CO Phlla Elec 4s 7S
1 P. M. to 2 P. M. '
143 Camb Iron... 41
21) Elec Stor Bat J"'
2 Int Powder. . . 2.',i
ft Key Tel nf . . 80
fl4 North Cent... 82
18 Penna 8!'i
28 Phlla Elec ... 22t,
100 do 22i
HO Ton-Bel ... 4 II- I
Hi Union Trac .. .-.!)j
25 Penna 524 6 York By pf. . 30
BONDS.
J10OO0 E A P 4s 78
3000 Lehigh Valley an 6s 133
MINING STOCK QUOTATIONS
TONOPAH STOCKS.
Bid Asked BldAsked
Jim Butler 78 .77 Ton Bel 4(, 41
MacNamara ... .0.1 .00 Ton V.xl 21! 2'I
Midway 00 .11 Ton Merger 40 .42
Jllipan hilt... ..-i .u.", ion iiin. ...... i.im ,j
Montana
n .411 Jtescue buia. .. ,iui .tu
... .18 .20 West End C2 .01
GOLDFIELD STOCKS.
Nor star.
Atlanta
Blue Bull...
Booth
ItulIdOK
C O D
Comb Prac.
Olamf II 11.
.30 .37 Goldf Bel ,2 .03
... .00
.. .11
. . .03
. . .08
.. .11
,ui uom cs.i ia.iui.u.iii
.i.t tioiar iitTjg
.1)4 Jumbo Vx.
.00 Kewanas ..
3(1 .38
SJS
.12 oro iu .14
.07 Sand Ken 08 .10
.12 Slher Pick 17 .ID
.70
.03
Daisy U
Florence. 68
MISCELLANEOUS.
Fairy Axtee .. .03 .05 Nev lV'der.
Nev Hill 37 -30
.1 50 1.S5
NEW YORK CURB QUOTATIONS
Bid. AsUed
Braden
Gold Consolidated
Greene Cananca .
La Rose ,,
Maxwell
do pref
Minis. In
Otis Elevator ....
ls
St.
20
i.i-m
tt'-
r5n
u-'
V'
M
RI
110
r. i
Si
, 11-16
14
41
60
88'
"4
4
fil
UUs
107
do cref
ltHcer-Haserman ,.
Uteri Oum
Tobaoeo Products ,
United Clear Stores
An nraf ..........
United Profit -,... 1.1
Willys OverUnd 7S
do pre? ,....,.,.. S5
Yukon Oold
3!i
BANK OIBABINQS
Bask clearing today compare with eorre
DODdtnc day last two years:
Phlla
Boston
;:;:?mX& 8& t.
aOVBRNSIENT BONDS
Bid.
2of IGSQter J5i
Pan nsw 8sr..... , 68JI
Ss of WIS -, , Ofg
4s otlltti re... lgfii
4 of 1023 cou , 10SK
Asked.
EVB-NING LEDGEB-PHIIiADELPHIA, FRIDAY, DECEMBER
INVESTMENT BUYING
STEADILY INCREASING
Storage Buttery nnd United Gas in
Demand Pennsylvania Erratic.
Business on the Philadelphia Stock 13x-
chnng-o ns9umed fairly largo proportions
at times today and there was evidence
of Increasing Interest In the better class
of securities. This was particularly true
of the buying In United Gas Improvement,
w Men was persistent around 81, and Union
Traction, Pennsylvania pursued an erratic
course, selling In some quantity at o2J
and then casing off to 52 6-16 only to re
cover later above yesterday's close to 524.
Reading ruled strong and there was a
distinct demand for the Tonopah group.
Electric Storage Battery continued on
the upward swing which set In earlier In
the week and by midday had established
a 1 point ntlvnnce over last night's final
figures. On the oilier hand, Lehigh Navi
gation, Cambria Steel and Baldwin Loco
motive wcro Inclined to hang back, but In
tho afternoon the whole tone became
firmer. Northern Central roso to 82.
Philadelphia Electric was In light supply
and reacted n small fraction. The
bond list on Change was less active than
on Thursday, but business was brisk over-the-counter.
Encouragement was derived
from the purchase of the Canadian Paci
fic 4'i equipment trust certificates by a
syndicate pa illy made up of Philadelphia
bankers. E. Lowber Stokes and Brown
Bros. & Co. aro totake care ot the plac
ing of the bonds In this State.
Lehigh Valley Transit shares remained
Inert despite n very favprable report of
earnings for October. The gross showed
a gain of (19,011, or more than 13 per
cent., while tho net Increase was 115,732, or
over 23 per cent. Balnnce after Interest
charges was J17,E98, a decrease of JG43S.
For the 12 months the gross gain wan
(123,642 and the net Increase 195,060 leaving
a balance, after Interest charges, of
265,220.
COMMODITY PRICES LOWER
December 1 Figures Were 01124,183,
Compared With $125,734 Last Year.
That the general trend of commodity
prices was downward last month Is lndl
ratcd by Dun's Index Xumbcr, which was
(124,183 on December 1, as against (124,310
on November 1 and (123,i34 on December 1
a year ago, when a moderate advanco
was recorded. On the corresponding date
of 1912 the total was comparatively low
at (122.034, owing principally to the rela
tive cheapness of breadstuff's and pro
Visions at that time.
Tho small decline which occurred last
month further reflects the gradual res
toration of more normal conditions, quo
tations having receded about 2.2 per cent,
from the Inflated position attained Im
mediately after the outbreak of the dis
astrous war In Europe. '
The following table gives prices for
December 1, with comparisons for earlier
dates: i
Dec. 1,
1014.
(24,428
11.R24
10,82,-,
10.M1
10. RM
111.131
22,043
Nov. 1,
10)4.
2ft,30Q
11,007
18.US
I0.RR0
10,070
1B.WD
21,648
Dec. 1,
101.1.
(2.1,000
12.0.-.0
1-0.4.-H
11,010
20,8tr,
10, TOO
21,701
Rrcadstutts
Mest
Dairy and earden..
Other food
Clothing
Metals
Miscellaneous
.(124,183 (124,340 (123,734
DRAIN RATES REASONABLE
WASHINGTON. Dec. 4.-The rate of Mi
tents per bushel on grain from off the
lakcs, from Buffalo to New Tork city,
over the New Tork Central and other
railroads today was declared reasonable
by the Interstate Commerce Commission.
The complaint of the New York Produce
Exchange was dismissed.
Baltimore Reopens Tomorrow
BALTIMORE, Dec. 4. The Baltimore
Stock Exchange will reopen tomorrow
for restricted trading In botli stocks and
bonds.
DIVIDENDS DECLARED
American Can Company, regular quarterly 1;
per cent, on preferred, payable January 1 to
stock of record December 16.
Arkansas Valley Railway. Light and Power
Company, regular quarter lt per cent, on pre
ferred, panl)le December IS to stock ot record
No. ember 30. ,
niazlllaii Traction, Light and Tower Com
pany, reeular quarterly li per cent, on pre
ferred, payable January 2 to stock of record
December 1G.
Eastern Tower and Lltht Corporation, regu
lar quarterly l's per cent, on preferred, pa)-&,'o
December 13 to stock of record December 3.
Homeslnke Mining- Company, monthly 65
cents and (1 extra, paahle December 23 to
stock of record December 21.
United Traction and Klectrlc Company, retu-'
iar quarterlj 1' per cent., payable January 2.
West End Street Hallway, regular quarterly
(2 on preferred, payable January L
Buffalo General Electric, regular quarterly It,
per cent, on common, paiable December 31 to
stock ot record December 21.
II. J. Remolds Tobacco, regular quarterly 3
per cent, and extra 4 per cent., payable June
! to stock of record December 10.
Rjldnln Locomotive Works, regular semi
annual a'-j per cent, on preferred and 1 per
cent, on common, payable January 1 to stock
ot record December 12,
American Car and Foundry Company, regu
lar quarterly Hi per cent, on preferred and
one-half nf 1 per cent, on common, payable
January 1 to stock ot record December 11.
Hart, Schaffner & Marx, regular quarter!)
IS, per cent, on preferred, paab)e December
31 to stock ot record December 19.
American Bet ugar Company, regular
quarterly, 1H Per cent, on preferred, pay
able January to stock of record December 10.
Union Carbide Company, regular quarterly.
per cunt., paiable January 2 tu stock of rec
ord December 10.
lmerborourh Rapid Transit.
regular quarter
ly 2U per cent, and 3 per cent, extra, payable
January 2 to stock of record Decernber 21.
- MONEY RATES
Call.
Philadelphia . , fiftati
New Tork .., , 3(;gl
Boston B jn
(-hleaco SUsHl
Time,
4?;5',"i
4ift4G
8 f)S
awes
PhiladelphiaCommercial paper, with four to
six months' maturities, 4!i to BVs per cent.
Reserve Banks' Discount Rates
New Tork .,.,
PhlladelDhla. ..................
Boston ....,,....,.,.,..t...
Chleago .,,.,,- ,... o1
St. Louis 0
nlfeveland
AtlanU ...,,..,,..,-.. 5
mtiRin,i . ................... &
Minneapolis
TTuBua (TltV 6
liallaa gtt
an Franeisco 554
7
BAB SILVER
The price of commercial bar silver la Lon
don today was 28 pence.
80 DO
Days. Days.
. BU
. Mi a
I !
Hs
5
6
SNOODL1S' DIARY : IT
TRADE IN WHEAT
SLUGGISH TODAY;
OPENING FIRM
Fair Buying of May Pre
vents Fluctuation at Start.
Selling Later Causes Re
action. CHICAGO, Dec. 4. Trade In wheat was
slow thl3 morning, but the market started
firm on fair buying of Stay. There was
additional talk of decreasing receipts and
large clearances, but longs took advan
tage of the upturn to sell and the market
reacted.
Sentiment was bullish on prospects ot
smaller stocks, but bulls appeared a little
discouraged over the action of values,
The market at Liverpool was quiet and
steady, with some grades of spot ad
vancing. Offers of new Argentine wheat
were In evidence in Liverpool and tenders
were 3d. lower. Tho weather In that coun
try Is favorable for harvesting, which Is
prosresslng tapldly.
Consumption In Franco continues large,
and further Imports are expected to be
made by that country soon. The weather
there generally is good for farm worlt.
In the United Kingdom the outlook for
the new crop In the main Is Ed. above.
Shipments from Argentina for the week
wcro 341,000 bushels. Tho visible supply
there Is 3-0.CC0 bushels.
Corn was quiet and easy. Offerings of
December were moderate, but there was
a little pressure on May. Bcccipts con
tinue liberal nnd tho cash demand Is
only fair. Corn at Liverpool was strong.
There Is an urgent demand for the cereal
In Argentina. Shipments from that coun
try for the week were larger than had
been expected, amounting to 4,922,000
bushels. . The visible supply there Is
7,100,000 bushels.
Oats were easier. Fit traders sold,
CaBh concerns bought a little December.
The movemont Is liberal and tho cash
and export demand less active,
Leading futures ranged as follows:
l.Milltir futureti ra.nved sb follows:
Tcsterday's.
wneal upen, men. uow. uiose. close.
Deccmbur .. 1.14'i 1.1BJ4 1.14U 1.10W 1.14J1
May 3.20 1.21 1.20H tl.2lg tl.2045
tVnrn fntntv HsIll.erv'V
December
Mny
Oats
December May
Ird
January
May ....
Ribs
January .
May
l'ork
January .
ifami m . (VsL
art;
C8s
4(1',
BIH
GSiJ C8'i
ooii
Si
6Si
47
Bl?i
Sr
47
tilTi
9.7
D.U3
0,75
10.00
0.63 0.78
U.tC M0.00
10.63
D.1
00
. fl.72
.10.07
D.SO
10.12
n.72 10.80 'OO
10.03 '10.12 "10.02
.18 10
1S.1B
IS. 60
18 05 1S.1S tl?.05
18.42 118.G0 IMS
Mny
18.55
tAsked.
Id.
COTTON MARKET FIRMER
Short Covering, European Buying and
Investment Demand Influenco
Trading.
NEW TORK, Dec. 4. A firmer tone
was evinced In the cotton market at the
opening today, Influenced by short cov
erings, European buying and a better
Investment demand. The market was 4
to 1 points up at the opening and was
Inclined to be Bteady.
Leading spot Interests put out notices
for E000 bales. Evidence of buying In
Liverpool was reflected on the exchange.
Tho weather In the cotton belt -was re
ported generally cloudy.
The range of prices follows:
NEW STTLK CONTRACTS.
Tes. Close. Ooen. Noon.
January
March .
May . .
July ...
October
, 7.1R 7.11 T.1S
7.87 7,1.-. 7.:i9
T.40 7.4S 7.53
T.65 7.01 7.07
7.00 7.00 7.03
SPOT COTTON.
Tes. close.
Mldllng uplands
7..W
Middling uuir -
OLD STTLE CONTRACTS.
Tes. close. Open. Noon,
January J-J;
March .Ms
May '?
December ".on
0.9S 7.00
RAILROAD EARNINGS
DENVER AND RIO QRANDE,
1011
Decrease.
J221..-.7U
27. 133
6T3.B00
73,013
October grosa 222'8?,7.
Net i,iu
Tour months' gross S'IIHiU
Net 2,482,807
CANADIAN PACIFIC.
Fourth week November (2.30JJ.OOO
Month 7,Ki.ww
From July 1 47,407,072
(1,423,000
5.357.000
ll.OOO.OUO
(21,000
31)7,000
4SS.3M
MISSOURI PACIFIC.
Fourth week November. ,M
Month B.OJl.OOU
CHESAPEAKE AND OHIO.
Fourth week November. (77'2M
From July 1 18,07 i.TiO
(02,40 1
793.300
Increase.
HUDSON AND MANHATTAN'
October gross A52'2?i
Net , -7o,
Surplus , 'g-JJH
Four months btoss. J'AL.'V,?
Net 1,024,507
Surplus , 173,043
ST. IVOU1S SOUTHWESTERN
83.9M
1 750
2,041
1,180
21,311
1,333
October gros "iSJ,83
Net .r." 2OO.0CS
Surplus -JB'SSiL
Four months gross,...,. 3,T7U,OiU
Net ,. 74.48
Deficit 21,478
(100.1M
52,672
713,750
311,31111
SS2.078
DENVER AN"D RIO QRANDE,
Fourth week November. (520,700 Wi7C0
Month 1.340,000 313,100
From July l.. ........ 10.470,300 081,300
CHICAGO. INDIANAPOU8 & LOUISVILLE,
October, gross ....
Net
Four months gross
Net
(500,178
(80,823
io.isi
2,437,853
6S7.4SS
47.S0S
02,110
72,653
Increase.
ATJTHOBIZE CAMTAI) INCBEABE
NEW YOIUC. Dec. 4. Directors of tte
United Troflt Bharlng Corporation at a
special meeting recommended an Increase
In authorized capital stock from (330,000
to C.OCO.OOO, A special meeting of the
stockholders will be called within 10 days
to act on the suggestion.
WAS A FINE SYSTEM
PHILADELPHIA MARKETS
. GRAIN AND FLOUIl
WHKAT. Receipts, 210,784 bush. The
rr.srket ruled firm and KH'ic. higher under a
fair export demand and stronger outside ad
lces, but millers ihoued little disposition to
trade. We quote: Car lots. In export elevator.
No 2 red, spot and December, (1.154
1.18i,i Mo, 2 red Western. S1.2041.23 No.
1 Northern Duluth, (1 2nijgl.20?i,
Ctlll.Vr Receipts, 22,884 bush. Prices were
steadily maintained, but trade was quiet. Quo
tations! Car lots lor local trade, as to loca.
tlon. No. a yellow, old, BlQSlWc.i steamer
yellow, old. 0Ujj81e.! new yellow, Jn
quality, 08(B71c.; new cob, per 70 lbs., 07
il8c. , .
OATS. Receipts, 7B37 bush. The market
was quiet and unchanged. Quotations: No. J
vhlte, .'4o4Hc.; standard white, 0.10631.40.;
No. .1 white, B'!iiJ 83c,
I'I.4)UH. Receipts, 2015 bbls. and l.BW.r
780 lbs. In sacks. Tho market quiet, with
ample offerings nt unchanged prices. Quota
tions, per Ilia lbs., In wood Winter, clear,
(t.TByi.POl do,, straight, $3ff5.2nj do, PaJS1"!
i.l.CO5.76 Kansas, straight, Jute sacks, (3.20
433.4(1: do,, patent, Jute sacks, t3.40flp.il.:
spring, tlrst clear, (S.logS.llO: do., straight,
,l.;i.Vii.!.C0: do., patent, l.COR.0O; do., favor
ite brands, lafiitno! cltv mills, choice Slid
fancy patent, (OfiOBO. City mills, regular
grades winter, clear, J4.7BR4.00; do, straight,
S'liio.-.ii on., raieni, r,.oua. io. . ,
itt i:
i' i.wujt.- supplies small ami vniues
sle'.dy, but trade quiet,
Quotations:
Nearby
PROVISIONS
there was Utile ttadlng and no important
change In prices. We quote: City beef, in sets,
smoked and air dried, 2l)B30c,! Western beef.
In sels, smoked, sEosisOe.: city beef, knuckles
1ili:ned. loose. 1315K 14c; do. do., smoked, Ills
wl ,c.i other hams, smoked, city cured, ns to
brand and average. lBaiBVaC: hams, smoked.
Western cured, lBWlBHc: do., boiled, bone
loss, 2iif2lo-. plenle shoulders, 8. 1. cured,
loose, lH.iQ12c.: do., smoked, 12,?13c.i bel
lies. In pickle, according to average, loose,
ldbAlhc, breskfast bacon, ns to brand and
average, city cured. M320j.t breakfast bacon,
Western cured, 101110c.; lard, Western, re
fined, tierces, ltUQMUc: do. do. do., tubs,
UMsj-llUc.; Isrd, pure city, kettle rendered,
In tierces, lHifrllHc.: lard, pure city, ket
tlo rendered, In tubs, ilUdf 1214c.
REFINED SUGARS
The market n,,t-t lm( vl,ltn,,t ImnArlanl
change. Reflrtrs' list ot prlcos: Standard
granulated, 3.18c.j confectioners' .. Be:
powdered. fi.Soc: rlno .granulated, B.lOc; soft
grades, l,25ri.83c,
DAIRY PRODUCTS
mjTTKII. The market was quiet with
?,mp!f 07lngs at tho late decline. Quotations:
western, fresh, solid-packed creamery, fancy
specials 3.1c. i extra. 33c.; extra firsts. 31032c;
firsts. 3fB304c.i seconds, 20r2Sc: ladlc-pnck-ed,
2l(72Jc as to qunllty; nearby prints, fancy,
U?Eli,,0- .veraarc. extra, Jlllf.lSc: do., firsts,
3133c; do., seconds. 28S30c. Special fancy
brands of prints Jobbing at 4143o.
ISOOS.I. resit stock was scarce and sold
promptly at full prices. Quotations: In free
cases, nearby extras. 4042e. por dos.i nearby
firsts. (10.80 per standard case: nearby cur-
ient receipts. JD.90jno.20 per standard case;
lVostern, extra firsts, (10.80 or case; do.,
firsts. (0.00U1O.20 per case: do." seconds, (7.20
97.W): Southern, (0,fi010.o per case. Re
frigerator eggs, as to quality. 2127c, per
doien. Fancy selectod candled fresh eggs wcro
Jobbed out at 13047c. per dozen.
CIIEKSE The market quiet but steady,
under moderate offerings. Quotations: New
Tork. full cream, earlier receipts, choice. 15?i
010c.: do., do., current inako choice, lBWc. ;
: doi.ir to good, 14!4slBc; do., part
skims, Sfl3c.
POULTRY
UVE. Trade slow and offerings moderate
out ample. Prices without Important change.
Quotations: Fowls, lljfiac.: old roosters, 10c.;
spring chickens, according to quality, 111012c.;
turkeys, 1310c.; ducks. 1210c.: geese 13
vloc.; guineas, young, weighing 2 lbs. and over
apecr. per pair, tSOc, weighing l'jei'i lbs.
"P ec, per paJr, B0ff33c; guineas, old, per
pair, 4BiJB0c.; pigeons, per pair, lBSJISc.
DRESSED. There was little trading and
the market ruled weak, with fowls, ducks and
f:eese loner. Quotations: Turkeys Fancy,
arge, nearby, 21ia22c.: fancy Western, 20c;
average receipts, 17Q10c: Inferior, 12fJ15c.;
No. 1, old 18c.) fowls, per lbs., selected heavy,
18c; weighing 4 "4(83 lbs. apiece, 17c; do.. 4
lbs. apiece, 10c.: do., 354 lbs. apiece, 14c; do.,
3 lbs. and under. 12lac. ; old roosters, dry-
f ilcked, 13c; broiling chickens, nearby, welch
ng l'ita2 lbs. apiece, 20S22c; broiling
chickens, nearby, fair to good, 1818c, 1
roasting chickens, Belrcted heavy, milk fed,
18010c; chlckens,-Western, fancy, fat,
4 lbs. and over apiece In bole's, dry
packsd, 17BlSc; chickens, Western, 4 lbs.
and over In oar., dry-packed, l.lfllOc; chickens.
Western, 333',4 lbs. aploce, 13014c.: troll ag
chickens. Western, 1'"J lbs apicc?, 20c,
broiling chickens. Western, fair to good, 14&
(tfltic; spring ducks, 1415c: spring geese,
1213c. Squabs, per dozen White, weighing
11 to 12 lbs. per doz (3.0034.50: nhltv.
weighing 0 to 10 lbs. per doz (3.103.75;
white, weighing S lbs. per doz., (Z.B032.75;
do., do., 7 lbs per doz., (26$2.25; do., do.,
lfl.& lbs. per doi (1. 25(31. OS; dark and No.
a. B0c.ts.ii.ro.
FRESH FRUITS
The general market was quiet with fairly
liberal offerings at revised prices. Quota
tions' Apples, per bbl. Jonathan, (303.50;
King, (2.S0O3.23; Baldwin. (1.7B2.B0; Clreen
lng, M.TSS.IO; Twer.ty-ounce, 2.oOW3; Pip
pin, (1.7512.75; Tork Imperial. (1.6032; other
good eating varieties, (1,7562,50: medium, 1
1.50; apples. Western, per box, (11.B0; apples,
DeUware and Pennsylvania, per hamper. 500
GOc Lemons, per box. s:ifr4. Oranges, Flor
ida, per box, sl.73Q2.50. Tangerines, Florida,
per strap, (2.5004. Grapefruit. Florida, per
box, (l.nnt2.50. Pineapples, per crate Porto
Rico, (1.2303.2S; Florida. 12.50. Cranberries,
fancy late varieties, per bbl. (4&4.B0; cran
berries. Cape Cod. Early Ulacl:, per bbl.,
(34; cranberries, Cape Cod, Early Black, per
crate, ?5.$pl.50; cranberries. Jersey, per crate,
"3c.feJl.23. Pears. Now Tork, per bbl. Seckcl,
S3.50&5; Beurre Rose. 5lfC3.50: Sheldon, 3?
S; Ileurrn Clatrgeau, (2.B0it3.5O; Beurra d'An
jou, (2.2503.25; Duchess, (23" J; Howell, (2
2.50; other varieties, (203.
VEGETABLES
Supplies were fairly liberal and the market
was quiet at revised figures. Quotations:
White potatoes, per hush. Pennsylvania. 58
02c; New Tork, 45 62c. ; white potatoes,
Jersey, per basket, 351340c; sweet potatoes.
Astern .Shore, per bbl. No. 1, (2Q2.75; No.
2, (1.50il.75; sweets, Jersey, per bbl. No.
1. (33.60; No. 2, (202.23; sweets, Jersevs,
per basket,
, euQSioc. ; onions, cnoice per uuin.,
do., ordinary, per bush., 50C335C. ;
humitoc. :
do., choice, per 100.1b. bag, (1.2531.B0; do.,
medium, per 100-lb. bar, SicQH; do., sec
onds, per 100-lb. bar, 00(8760.: cabbage, do
mestic, per ton. $00 10; do., Danish, per ton,
13plB; cauliflower. New Tork, per crate. 75o
ejKl.25: spinach. Norfolk, per bbl., 73O00c,t
kale, Norfolk, per bbl., 40050c: Lettuce.
Florida, per basket, 7Bc(l: do., N, c, per
basket. 50B73c; beans. Florida, per basket,
(23.B0; eggplant. Florida, per box, 2a2.50;
cucumbers. Florida, per basket, (1.76Q2.B0;
squash. Florida, -per basket. 1.002; celery.
New Tork, per bunch, 25Q45c,; mushrooms,
per 4 -lb. basket, (1,2002.
LIVE STOCK QUOTATIONS
CHICAGO, De. 4- HOGS Receipts, 20,.
000: market 104 15c. higher; mixed and butch
ers. (8.3087.15; good heavy, (.85m,lB: rough
heavy, (6.358K.KOJ light, (d.l5g7.x: pigs. (3.35
(1.40; bulk, (a.508i.05. CATTLE Receipts.
3000: market strong: beeves, (3.63O10.7S; cows
and heifers, i3.B0CS.25: stockers and (seders.
4.4.5C80 85; Texans. (7.258,10: Calves. (8
0.50. SHEE5P Receipts, 4000: markst steady;
nstlva and Western, (3.6068.25; lambs. (5.630
0.53.
NOTES OF THE RAIL
A rate ot Mi cents per bushel on grain
frtfm the Lakes from Buffalo to Now
Tork city over the New York Central
and other railroads has been declared rea
sonable by tho Interstate Commerce Com
mission. The complaint ot the New Tork
Produce Exchange was dismissed,
NEW YOBK BUTTER AND EGOS
NEW TORK. Pec. 4. BUTTER, Arm; re
ceipts, 3S30 packages; creamery, extra, B3C;
higher scoring. 33Vi3ic; Stats, dairy, 31
32c, Imitation creamery. S4634Hc.
BGGS, Irriguiar; receipts, 3S10 cases; fresh,
extra, firsts S040c; fresh, nrsU, SS38c,;
nearby, wines, 5S43tS2c; nearby, mixed, S3
13c, spedsl .marks, 25c
IF WORKED PROPERLY
4, 1014-
CHANDLER BROS. ACQUIRE
OLD NEW YORK FIRM
Philadelphia Brokers Take Over
Business of Edward Sweet & Co.
An Important deal was announced to
day Involving- the well-known firm of
Chandler Brothers & Co., of this city,
and the old New Tork house of Edward
Sweet & Co,
The Philadelphia firm will take over
tho business of the latter concern nnd
will occupy their ofTlces at 34 rlno street,
New Tork, on December 10, when the
arrangement goes Into effect.
Chandler Brothers only recently made
a chaniro In their company whereby
1'ercy M. Chandler took over the bond
business under the firm name of Chand
ler & Co., lac, while Frederick T. Chand
ler continued tho stock brokerage busi
ness. PORT OF PHILADELPHIA
z
Sun and Tides
7.00 a.m. I Sun seta.
Sun rises.
4.3S P.m.
PHILADELPHIA.
2:33 a.m. I High water, 2:W5 p.m.
0:46 a.m. Low water,, 10:2) p.m.
High water
Low water,,
REEDT ISLAND.
High naler.ll:44 a.m. I High water p.m.
Low 'water,. 0:01 a.m, Low water.. 0:47p.m.
BREAKWATER.
High ttater. 8:30 a.m, I High water. 0:22 p.m.
Low water,. 2:20 a.m. I Low siater,. 3:11 p.m,
Vessels Arriving Today
Str. San Sllvcstrs. (Dr.), Taylor, London,
ballast, Joseph C. Oabrlel.
Sir. Robert M, Thompson, Cavlleer, New
Orleans, and Charleston, merchandise, Thlla-delphla-Now
Orleans Transportation Company.
Str. Tuscan, Thacher, Boston, merchandise,
Merchants and Miners' Transportation Com
pany. Str. Ogeechee, Dow, Tort 'Arthur, etc., mer
chandise. Southern steamship Company.
Str. Mongolian (Or.), Glasgow, otc, mer
chandise, Allan iilne.
Str. Commodoro Rollins (Nor.), Port Antonio,
fruit. United Fruit Company.
Str. Mackinaw (Dr.), London, merchandise,
Atlsntlo Transport Comrany.
Str. Orlgen (Nor.), Bocas ds Tora, ballast,
Sun Oil Company.
Str. Vlnland (Nor.), Fronlera, ballast.
Str. Harald (Nor.), Nlma Nlma, ore, J. A.
McCarthy,
Str. Cumer, Clenfuegos, molasses, McCaban's
Sugar Refinery.
Str. Indian, Jacksonville, passengers and
merchandise, Clyde Steamship Company.
Sir. Hcsperos (Br.), Bombay, merchandise.
Galley, Davis & Co.
Collier Proteus, Hampton Roads, ballast, U.
S, Government.
Str. Malm (Nor.), New Tork, ballast, L.
Westergaard.
Str. Toledo, Sabine, crude oil. Sun Co.
Sir. Sante Itamo (Br.), Fowey, china, clay,
Charles M. Taylor's Sons.
Str. Amolco, Sabine, crude oil. Sun Cora-
Schr. Delaware Sun, Sabine, crude oil. Sun
Company.
Vessels Sailing Today
Str. Troutpool (Br.), Rowe,
Tin. -atnniKhln Pnmrjanv.
Glasgow, Earn
6tr. Finn (Nor.), Lundgren, Newport
News,
O. a. Hempstead c Bon.
6tr. Boldewell (Br.), Perman, London, Phila
delphia Transatlantic. Line. ......
Str. George W. Clyde, Forrest, Norfolk, etc.,
Clyde Steamship Company.
Str. Delaware, French. New Tork, Clyde
Steamship Company.
Steamships to Arrive
Name. From. Sailed.
Ancona. Naples Nov. 20
Dominion Liverpool Dec. 2
FREIGHT.
Name. ,FX9m' JPa,e.
Livonia. Hull Oct. 31
William Ornskoldavlk ...Nov. 8
Borgland Shields Nov. 10
Earl of Elgin Valparaiso Nov. 13
Beta Methll Nov. 14
Vv'addon .. Bombay Nov. 18
Alaskan San Pedto Nor. 17
Auranla Genoa Nov. 17
Crown Point London Nov. 20
Helena Rotterdam Nov. IB
Cassiopeia. Shields. Nov. 20
Santa Rosalie Shields Nov. 23
Dtrphys Algiers Nov. 24
Hkogstad Copenhagen ...Nov. 21
Louisiana. Manchester ....Nov. 21
Peranum C?w"y Sov,s5
Currier Clentuegos ....Nov.27
Hloterdyk Rotterdam ....Nov. 20
l.vra ' Balboa Nov. 30
Fort Antonio Port Antonio ...Dec. 2
Steamships to Leave
PASSENGER.
Name. For. Dale.
Mongolian Glasgow Dec.
Ancona Glasgow Dec. 7
FREIGHT.
Manchester Mariner. ...Manchester ....Dec. 4
Louisiana Copenhagen ...Dec. 12
Crown Point 4 London Dec. 12
Manchester Miller Manchester ....Dec. 17
South Point iondon Doe. 4
Potomac Lelth. Dec. 13
FREIGHTS AND CHARTERS
Rates again advanced In the steam market
for transatlantic carriers. Lack of fuels re
stricts tradtnr. The Inquiry In the sail market
Is light and the supply of available vessels
more than equal to It
STEAMSHIPS,
Photlnla. (Br.), Atlantic range to nest coast
of Italy, grain. 30,000 quarters, 7s, 3d., with
options. December.
Mendlp Range (Br.), 30,000 quarters, same,
' Mulrfleid (Br.), Baltimore to a French At
lantic port, oats, 24,000 quarters, 4s, 4!jd., De
cember. Waverley (Dr.). Gulf to west coast of Italy,
grain, 25.000 quarters, 7s, 0d nlth options,
December,
The Ledger's All-Ameriea Football
Team Announced Sunday, December 6
Selected by Robt. W. Maxwell, himself a widely ltnown Ail
American player, and a successful football author, coach and
official. Mr, Maxwell selects a first and second eleven and
gives specific reasons for each choice. Geo, E, McLinn also
picks the Ledger's All-Pennsylvania team.
These selections will be regarded as highly authentic because
of their writers' intimate knowledge of the game and for the
reason that both authorities have carefully compared the
playing of candidates throughout the season.
Watch for Maxwell's and McLinn's choice in the
SUNDAY
PUBLIC
IRON AND STEEL MARKET
IMPROVED DURING WEEK
More New Orders In Some Lines; Lit
tle Change in Other Business.
Tho Iroit nnd steel and pig- Iron mar
kets are the only lines of local business
In which any Improvement occurred dur
ing the last week. Marked Improvement
In new orders was shown tn some lines
of the Iron and steel trade, while ac
tivity nnd buying of pig Irori Is reported
to be materially Improved. Other lines
show little change from the previous
cek.
tn their weekly review of business con
ditions In Philadelphia, It. 0. Dun & Co.
say:
"The general situation In the Iron and
steel market is regarded by trado con
sulted to be steadily but slowly Improv
ing and In some lines there Is reported
a marked Improvement In new orders,
nallroads, however, aro still buying but
little and targe orders from this direc
tion have not appeared. Fig iron shows
Bomo Increased activity and buying Is
reported materially Improved. Finished
material Is somewhat Irregular and
prices reflect the uncertainty of the mar
ket, Structural work Is quiet, but a
somewhat larger tonnage Is reported
from ship and locomotive builders.
"Inquiry In local trade circles at this
lime does not reveal any change of note
In the hardware line. Some houses con
sulted report a good business as com.
pared with last year, while others claim
It Is only fair, Tho general consensus
of opinion Is, however, that existing con
ditions at this time are materially af
fecting business. In some quarters those
consulted prophesy a resumption of good
business In tho near future, while others
do not hold this opinion.
"Dealers In electrical goods note a
satisfactory volumo of business for the
month Just closed, with conditions about
as favorablo as for tho preceding month.
The stove trade Is well occupied, with
demand for supplementary heating ap
paratus, but tho continued rather mild
weather has somewhat checked dealings
In heavier articles. Lumber dealers at
this time stato that tho volume of busi
ness continues to bo closely restricted
and that prices are low and fluctuating.
It Is understood that a number of mills
In various parts of the country have
shut dohvn, and, consequently the supply
of some, kinds of lumber Is short. There
Is no material chnngo In the bituminous
coal situation. In tho anthracite line
conditions are about normal and busi
ness Is generally considered satisfac
tory. "The leather market continues firm
and prices high. Builders and contrac
tors nro still experiencing dull trade
conditions. There was a slight gain
shownv early In November, but the latter
part of tho month there was only a
moderate amount of work, small altera
tions, contracts principally, and the
total volumo of business In this line for
November, 1914, showed a decrease of
J736.03C, when compared with Novem
ber, 1913.
"There Is no change to note in the
condition of the cement market. Manu
facturers report a fair nmount of busi
ness being dono, although very few large
contracts aro being taken and prices are
abouf-normal. The chemical market Is
fairly active, an averaga amount of busl.
ness Is "being done, although buying Is
principally In small lots for Immediate
needs. Tho paper market Is fairly ac
tive, and manufacturers and Jobbers re
port some slight increase in volume of
Bales, although very few largo orders are
being placed and prices are well maintained."
COTTON POOL PLANS
Preliminary Arrangements Com
pleted; Fund Available In
February.
WASHINGTON, Dec. 4.. Chairmen of
State Cotton Loan Committees, who are
to confer In Washington with W. P. G,
Harding, Paul M. Warburg, of the Fed
eral Iteserve Board, and a number of
New York bankers, will meet here De
cember 14 Instead of December 15, as for
Tnerly announced. The change was made
today by Mr. Harding, and telegrams to
this effect have been sent to the various
Slate committees.
The question of apportioning funds
available to the various Southern States
nnd the matter of distribution will be
discussed during the conference.
Mr. Harding stated today that all pre
liminary arrangements had been perfect
ed to make the fund of $133,000,000 avail
able In February forIoan uses.
TOBEIGN EXCHANGE MARKET
NEW YORK. Dec. 4. The Foreign Eichsogi
market ruled steady, with demand sterling no' yj
t at 4.aavs: sterling caoies. -t.e.v317-i.sJi
francs caDies, (,.11; rrancs, demana, o.u4,
marks cables. S79J: marks demand, 8711.
In the afternoon exchange rates became
easier, nlth cables, -1.8SHH4.SSX; demand,1
4S!it4.HS4i; francs, 5.13, and marks, 87.
LEDGER
'vis
TT