iking EDaiB-pmEABELPHiA tttmdIy, i fi ens m 1 iTT?riM27
IF
1
REACTION SET IN
AFTER NEW YORK
OPENED STRONG
'Osscs Were Made
Throughout List Feeling
That Recession Will Sta
bilize Market.
MEW TOnK, Dec. 16. After opening
tfantr, with prices up all around, n. sharp,
reaction set In, which carried the quo
tations of stocks below yesterday's clos
ing from !i of a point to 27. points, the
declines generally being fractional ones
and In somo cases ranging; around a
point The reaction In prices seemed
to bo caused by quite a. little foreign
selling and prodt-taklng. Tho latter was
thought to be more largely responsible.
The general undertone was strong, how.
ver.
Total sales were: Htnrkq. 2M.fi(jO Mint-en:
fconds, $1,950,000.
The reaction In prices did not create any
great surprise. In fact. It had been gen-
rally looked for. llrokers were of the
NEW YORK STOCK SALES
clow
24'f
.ToH
67H
So).
27;
02J(
45U
3S5i
64),
29
2d
Al'i
35!i
MH
28!
20
01).
HH
Yes.Cl. Hlth Low
Alaska (lolrl Mines 25H 25 20.
Aim Chalmers
dopref. 35
Atnl. Copper. t.. 60),
Am. ill. Sow 30).
Am. can. 27H
dopref ,,.., 02),
Am.CurAPdr. in
doprer.. ... .. 114 1 13.' "
Am, Cotton Oil..' 40 41 39 30Ji
Am. Hide & Leather..,. 4 4U 4
Am, tco. S3M C3H 23 23
AtnLoco 25 24K 21'f
Am. Smtltlne 60M OHS " 68"
dopref , ..100X 100H 100M 100!i
Am SnulT Co. .'. . 148 148 148
Am.Suttr 107 107H 107 107
Am. Tel. & Tel ..117JJ 110 117M U3
Am. Tobacco 221 2215J 221W 221M
a naconda Copper SIM 20J 2ij
Atchison WW rOK MM
dopref , 0S!
Bait A Ohio
dopref
Beth Steel .jlJi
dopref......' ? 87j
Brooklyn Itjpkl Transit. 87
California Pet 10
CanadianPac 101!i 1B8
Central Leathers 30 30H 35M
OSW
74 '
70W
iUi
85M
87
10
on),
oou
4051
83)l
Soli
17
03H
03M
70M
70
40?
&".)
80) (
17
1585 j
.T.M
dopref lOOM 100)5 lOO'i lOOtt
opinion that the market was ndvnnclng i Chlcaco, Mll.'st. Vaul . . Olf
At too fast a pnee and a sllcht dron In
prices would do much to stabilize It. Thus
the decline was looked upon with favor
generally.
As was the case In the upward swing,
Heading was one of tho leaders down
ward, closing 2V5 points below tho final
yesterday at 148. Lehigh Valley was on
at 134: Pennsylvania M at 10S; St
Taul 1 at mii iUchlson 2 at 83.
Accompanying, the reaction camo a fur
ther reduction In the call money rate to
Vi per cent. This Is tho lowest money
has been loaned since the war In Eu
rope began. Later the rate recovered to
IJ4 per cent, tho ruling rato throughout
last week.
.There wcro some loans of time money
t 4M per cent for four and five months.
This was the first day for trading In
tho tmpoitant International sharet slnco
tho suftponsloli caused by the European
war.
Chief of tho stacks In which there Is a
trong International Interest and which
wero traded In for the first time wero
United Stales Steel, Great Northern
Southern Pacific, Canadian Paclllc, New
Tork Central and Baltimore and Ohio, ,
Tho first salo of Steel was an order for
4000 shares at 55, a goln of one point from
tho price of tho last transaction through
tho Cleailng Hcruse yesterday, nud seven
points 'abovo tho minimum price estab
lished by the Special Committee of Flvo.
Among tho sales for foreign account
were some DaUlmore and Ohio at tho
tart and later United Stntcs "Steel com
mon and Union Paclc. Lendlpg foreign
houses stated that with prices of inter
national Issues tho only way Curopo can
trado Is on the selling side, and more
foreign buying cannot bo expected until
peaco.,Is at hand.
Tho powerful capitalists who had much
to do with the upward movement In tho
market recently did little today, and
seemed to be disposed for the Drescnt to
let the market take caro of Itself. Tho
absence of buying from this sourco
madn the bear operators a little more
confident, and Instead of urgent covering
they were rt'spo&cd to put out fresh lines
of shorts. Tie position of the short In
terest on Saturday and yesterdny was
Called pitiful, as it was colled' on to return
stocks without a chance to cover except
t sharp advances, and wero placed at
the mercy of whoever Is in charge of bull
ish operations. The early trading In
creased the already largo outstanding
short account, and It 1b now more vul
nerable than It was before..
ChM & Ohio
Chlno Copper
Chicago. Great Western 1 1
dopref... v 20)i
dopref. ....130
Chl & North est
dopref
Col Fuel Iron
Con. Can 42
Consoldas 120
Jorn Products DM
do prcf
Distillers Sec. 14
Denver and lllo Grand. 5
do prcf 10H
Krle 23! i
do 1st prefd
General Klcclrlc 141
General Motor 80M
dopref..... nl
Goodrich Co 20Jf
Great Northern
Great North Ore. Cent." .
Guggenheim
International Harvester 01JJ
Intcrboro-MctropolltJn. 13H
dopref 53
International Paper prcf
Inspiration 17H
Klseco
Kansas City Southern., 23H
45!
35H
11M
31
02M
120
43M
35
11
29H
COM
120.
1265S 125
30 30
25 25
42 42
121)4 120
OJi 0
05M
14
GM
OK
23M
30M 30!
141
80M
01
20
05Ji
13M
5M
0M
22
34!
140
SOU
01
25M
110M HO
J. Kayscr Co. . J.
29
4SM
93
13H
5315
3,Ji
17H
95M
22M
81
27U
40J5
OH
12M
52
35)5
17
0SM
2255
84
Lehigh Valley 137H 13SM 131
NEW YORK BQND SALES
. . ' IIlKh. Low. CIos.
.000 Am Dock &. Imp Sa..lU3U 1 02 ',4 102U
1WMJ Amer Hlda & I. O1...10I
4000 Amer Smelt Seo CJ...1IWU
1000 Atner Tl olt 4s 7
ltOOOO Amtr Tol cvt 4',i. . . 00U
Seooo Armour Co 4V4a 01
TKU Atchison son -in U1S
euoo Atchiaon Ss I00U
IOOO Atchison adj la atp.. HSH
fiuooo Atchl.on cv 4a lUOc).. IU"i
6000 Atfan Co Lino lat 4a. W;U
14000 Halt A Ohio U& S-Vi
fcouo unit & Ohio 4a... ... tou
ii
101
1Uf4
oS'4
UlVi
88
HV.t
DO'
lOeoOO Halt A 0,1 cr -ta.... Hl
HX) II & O P L, E4WV 4s. 80
7fK) Hth Hteal Ss IfllS IiO
4000 lieth Hteol r(J .1 Hli 181
4OU0 n U v Oa lUtT tier A. 01) .usff
Sod) Hwok Un, Ely lat 50..10O ODU
ieoocci,srn4i., 72 73
louo Cal Vat '& Cieo Ca..,. Ul Ul
)0U0 Cent an cona Da 10OU luuu
lfK) Cent Leather lat Ba.. Ih. OOK
1SOOQ Cent Pao lat 4a HUH
If 00 Ches & Oh cv 4Ua... 72ii
2000 Ches & Oh 4US....4. 87
1000 Chi & Eaat III Ba,.,. 75
llOOOChl at vwt u i
1000 Chi & Nwn 314a...... 78'i
11000 Chi U & O joint 4a... Ot'a
H)00 Cht II & ( ten -la.,.. H)
10000 Chi Mil & St I sen 4s 20
soon Chl Mil & t P cp 5a 101i
tOCOO Chl Mil & St 1 cv 44a n7"i
lieoo rhl M & Bt P een 4(4s OMi
l 1WHKJ Chl n I I" col 4a,. 2HVJ
StOCO C II I 4 1' COl l t o 2Mi
10.-0O Cona Oaa Co 4ha..lllU UOH
11000 Don & Itlo O 4a 444 42
lOOO Den ic Rio (1 rf.l Urn. . iW. ft!
soiii uis secur Corp c.
XW Dul'ont rowd 4Wa.
eooo Frls tren 4a.......
S00O Erie onv 4a Ser A
7000 Krle conv 4 Ser IJ.
looo Erie I' 4a
SflVi
7lC
101
07 !
.'BW 20',
M 854,
mil ,i
11)00 nencral Motor 0.
. BOTi
. MU
KK
. on
. OBH
. M
.inou
1000 pen Ulee deb 5 100i
nti nun & 3In....i.. .. T.i
UM inilua Alo & ,. . (f44
lWKW IniD cv rot :ta od 6a.. 08
flOOO Interb Met 4Us il'i
(WO Interb n T nl Sa flfit
, T00O Inter Mer Mar 4Ua. ... no
X0 Intern) Punir Ra 100H
. 0O0 K C Ft H'& M 4a...; 8K
' B000 Kail Oily So 5a , SO7
1000 Laclede Oaa let It..., S7
0OQ I4 S deh 4a IC9S " no
7nn IJi S deb 4 1031 IiO
4fiOO l.la; A M T Be 100
4000 Lbr M T Ta 120H
HOOO Irlllard Ra ioo
SOOO IrllUrd Ta,.,..,..,..l0U
0000 Manhattan in . ,'. . m8
iOOOMeic ttl Co 6.. .. 1&7
.SS! J!'"" St L, 4a . . . . 4Sft
IfOOO Mo Pac 4a . 44
jOOO do col Bo 101T . DO
SOOQ do 19JO . . . . 8t)
lonft Nit Starch 5 .. 6H
lEodcNat Tube 6j m3
sono N Y Air Brake cvt i, 3G
1S0U) N Y Canal Jmp 4Ha. . ,107n
2000 N Y C L. 8 atja.... ..79
MOO N Y O & II SUa.. ... kn
iom N r I'lty 4a loss
toco do 1W8
I0OO do 4Ua
1000 3n i(f.vr . .
. io.".i n y n h 4 11 o.
2000 N Y IHwy ref 4a
zaittHi 00 aaj oa
Lace Island
Loulsi lllo S; Xashvlllo . . 120
Mackay Co
Mercantile Marine 1!
Mexican I'etrolluni
MIssourl.Kansas&Teias 113-
do prcf. .
Miami Copper
Missouri Padflc. ......
National lilscult Y
Nat. Enameling
New. I'ed. M.&S. prof.
Nevada Con
S, Y N. II. & II
Now York Cen
Nt Y.. O. & West
Northern Pacific,
PacinoMail
Penna
People's Gas
Pittsburgh Coal ,
do prcf
Pressed Steel Car
Pullman Co
Hallway Steel Spring..
Hay Cons
Reading..
Republic Iron & Steel..
dopref
Rock Island
dopref
Itumely Co
do pref
Quicksilver
Seaboard Air Line
do pref
Sears Roebuck
do prcf
Sloss Schef field
So Pacific
Southern Railway.. ..
Stodebaker
dopref ,
Tennessee Copper.. . . .
Third Avenue.........
Union Pacific' ,
do pref
U.S. Rubber.
United Railways Inr..
dopref
30 30
123J5 123
70H 70H
l!f 15i
CO C2
11J OJi
29 29
10 18
10,'i OH
l2o 125
IUi 11X
29H 29H
13!i 13
C7 Go
85i 83
21U 205
104)i 10-UJ 102f 103
22H IW 212 22
109 109 108H lOSVi
117H 117M 117 117H
10M 17 17 17
84!i 81 81
37 35 35Jf
1S1U 1 5 1 ? f 15 IJi
25) 2US 21M
17H 10! 10!
18? i
10)5
lOJf
ink
mi
2t
S2J
23)ii
17),
43'f
35
It
29)4
90i
120
125
30
Si
42
120
9
OoH
13!f
5)4
OK
21!
34M
140Jf
SOW
91
20
110
27)(
40J,
on
12H
62t
35)j
IT
95U
22)
81
134
30
12o)i
70H
l!i
53
0)
29
18
9H
125
)
29)
13).'
55 .
83
20)
EASIER MOHEX
NOT REFLECTED
IN STOCK PRICES
Philadelphia Market Eased
Off in the Closing Deal
ings Uk S. Steel Sold
Higher Here Than in
New York.
150) 1S0)S 147) I4S
20
77)
1H
'Mi
ov
21
in
15
80)
10).- 1BH
.. 34JI
87)
10K
75H
IJ4
2)
5Jf
2W
1).'
13)
45
10U
75H
V.i
2)
5
22
1!
13)
45
33)
38
50)
20)f
78
m
3)f
6)1
23
M
13H
45)i
174)4' 173) 174)i
121 121 121
!M 22)
88J
lOJi
34
87M
32! i
36)4'
33).'
38
22H
87
16! i
34H
87H
33
36Jf
Tift announcement of the ofllclal re
duction In the cull money rate In tills
city to 5 per cent, was by no means un
expected, as new loans lnivo been made
nt the lower flsuro for some time. Nor
did the news stimulate security values
here today to any extent, tn fact, tho
reaction In New York carried prices down
in the afternoon. Time money wns of
fered this mornlntj at 4',4 per cent, for
three months, and brokers expressed the
belief that tho quotation would bo still
lower shortly.
Kasler monetary conditions were rc
llectcd mora In bonds tlinn In stocks.
Interstate Is wcro taken In considerable
quantities at 56Tj. Keystone Telephone
ia were also 111 demand, mid over-the-counter
business was said to bo brisk.
City bonds wore scarce. A block of
registered 4s of 193$ sold at 99 and school
district 4H3 on a 4.10 per cent, basis.
Stocks Wore lrrcculai', and tho tradlne
broadened out to Include a number of
usually Inactive Issues. Ilapld Transit
moved up to 13?; before much supply nas
forthcoming. Then It cased off below
lust night's final figure. Electric StorriKO
scored a fractional advance, and so did
I.ehlgli Valley Transit preferred, Key
ntono Telephone preferred, York Hallways
preferred and Philadelphia .Company.
TI10 weakness ot the arbltrago Issues
checked enthusiasm and prices became
dull and reactionary in tho afternoon.
Cambria Steel after selling up to I4(j
broko tn 43 around 2 o'clock, when tho
Anthracite shares began to recede.
Little wns done In Heading and Lehigh
Valley during the moinlng. but United
Slates Steel, after opening up to 5J',4 and
D5i, which wns no less than above tho
New York top price, slipped down In
sympathy with tho reaction In Wall street.
Pennsylvania held relatively steadier.
Philadelphia brokerage houses reported
a considerable arbitrage business between
New York, Wilmington and this city in
the various powder stocks. An oltlciat of
tho duPont Company statod that while
his company was doing a big foreign
business It was chiefly with the nations
not at war, whoso sources of supply had
been cut oil on aceount of hostilities,
and had come to this country as prac
tically the only open market for high
explosives, Just ns they had for nil sorts
of other materials. Thero has been a
big rise In nearly all tho powder se
curities in the last month.
LOCAL STOCK AND BOND SALES
Yaa
close.
10 Am Ton
S Am Oaa IOO
10 Amer Ico
r0 Amor ltya prer.loo
Ti Com Iron 41V.
57U Cam SteM 4-
100 Con Trsc N J.. 7:1
lflS ElMtrle Slor.. 4'i
120 Uen Aaphtlt pf. US
100 Interborn MM
ttf ina Co N Am... -lit
ara Key Telo Co... 14!
-"J5 rio t c prof 01
20 Leh Nav t c.. "till
SKt Lhlgh Val . . . OSK
tin Ih Val Tr. .. 16(5
1R .1- .- ..TIT
.. uu y c.
High. Low. Cloao.
2JU 117i 27.
1024 102M, 102V4
2:lA IS ,SH,
1UL Al w.
27W
10 Northern Cent.. SIVS
!0 Niv Con Cod..
871 Penna M'J
.inn. I'hlla Co 35
20 do cum pref
nul I'htla niee 21
210 I'htla lip Tr IS
10CO do tr ctfn KU4
11 Heading T0?4
ncii Ba I'ac
810 Tnn Ilel cash... 0
U15 Ton Dctmont .. ..
21K Ton illnUii:...J15-10
too Union Trac 41 "
inn united oaa imp ki
4SU 4B)i 42'4
4lji 4.'! ,4.1
72 i 72W 72ii
11)i 4.1 41)
ns 6S tiS
12i I23. 12
211, 31f 21',
14 13. W
nivi oil '"'h
77 77 77
00 7Ji 07'i
Wi 1S IH&
2 2S 2S
M 83 S'
13 wii iau
S4H &4 n-in r.iu
351i 3.1 35
40 4(1 40
21 l'i 24
I3U i:ib 13H
li 1.1 1.1
75 74 'S 74'i
sun stiH ''
0 lib a a
4 15-10 4 4;
7H 'rl 74
11 41 41
8.1 Kl S.1
Photo by Ooldcntky
FRANK M. HARDT
Who has been appointed cashier
of the Federal Reserve Bank of
Philadelphia. At present he is
assistant cashier of the National
Bank of Northern Liberties.
HALF HOURLY SALES
10 to 10.30 A. M.
Trac
41
41
100 Union
20 no
70 ti B steel....
100 I' R T 1 e .
100 Ocn Ann nM
2(H) Tononnh Mln
2110 U. H Bleel.
-O W J 8 8..
70 Willa KIrt.
lo
10 t.ch Valley
inn IT Rteel..
Ill Thl!n Ww... 21 IT.
34 Cam Steel... 41V, 4
10 3o 4HS ltio
2S Kevatono Tel. II n
WW Poutli Pacltlo Sli'i'lW
100
12n
20
10
.1
10
r.o
2.-.
:n
21 .v
m so
w?, Kio
tB,
ml
1.N
sAi:
s,
10) II S Pteel..
B w J SB,.
100 1; s Steel.
27 Penna . . .
22 do
2 do
TO York Itwj
PO U S Steel.
80 do
100 do
2S do
Ux-alvlilcnd.
H
. S4S
8!
. M'5
. r.iU
. M'
. 5Hi
BONDS.
II S Steel .
PllTt e
1'iilla dec.
Penna ....
I.cli Valley
I! H Steel..
Tnnoali M
Phlla Co...
I.eh Valley
York ltwy.
iUi
U 8 Pteel..
Heading ..
renna
do.,
I.eh Vniley
ion jiei. ..
tr S Steal.
r 11 t t t
no
do
Penna
rhtla Eloc.
WJSS...
rio
IT S Steel..
Am Can...
$10000 Interatate Rwys 4s.
Booo Interatate Itw;a la.
10i Kleo X. reop Tr 4a.
R1 Kleo ii I'eop Tr 4s.
2000 Keystone Telepliono
5s. ..
10.30 to 11 A. M.
2S Plilla Eleo... 21 20
no Ke atone Tel. 14 rn
10 Ih Valley.. iW !
10 Oen Aj pfd. a ,'
20 l.oh V 1Y pfd 2 10
20 Union Trac.. 41 s
21 Ton nel....l 1B-10 in
1.1 Ins Cu N A. 21U 100
Ml 11 a I M 100
,V) r:ieo Stornse, 4n n
20 Phlla Co n.vi B
10 Ih Val Tr.. 1.1'i 23
1 U 8 Steel pfil.104;i to
m Phlla Co ,W 2
20 Ponna r.45 12
:u Cam Steel... 44ia
Kx-dlvldcnd.
BO.VDS.
4in Cam Steel scrip
MOO Ilaldwln Loco .la
11 to 11.30 A. wr.
Nov Cons
Am ltwy
Penna
IT 8 Steel
Penna ..
II a I...
Clen Asp
Ton lief.
Con Trac
U O I...
Am Gas.,
I'hlln Co
I.eh V Tr
Key Tel
Penna .
MJ4
:!
, rti
, IV)
SIU
1 T!?
:J
, 75
Mrs-iil
.. Cll
4 1,1-1(1
.. 13 J
13
.. l.lU
54 n-10
21
r,o
Kit
27!
f'OTa
70
78
r.. inw
pfiUni
I.... Ml!
.... ni5
8.1
pfd. OS
... .11-18
N J 72K
.... M
....102U
nr.if.
Pfd. 21
Pfd. ll Hi
.... 5I,
. . 1)7
..102
1HIS U S Steel
1 do prcr .
IS Wt Jer & B.
li
.. 51
.10411
8
USSteel
do pref
Utah Copper
Wabash
do 1st pref .........
Wells Pargo
Western Union.
WooUorth pref
Wheelinc Lake Erie.
do 1st pref
25H
so;;
M
'iii
ha
70H
57K
0
25
fi5
lim 118
70
Siii
0
25
filH
70
65ii
0
25
COJf
100M IWJf 1W)
S1H ityi 50
1 1 1
24 2 2
0
CO
115
78
58)j
115
Total sales, 200,500 shares.
10 10
78
fifiJi
115
10
FINANCIAL BRIEFS
loov irnnt
ml ejg
M) K)
07 07
Ml tK
100 100
t204, 120U
100 100
h I
SS A
tU
MVi
'I
10OOO N Y Stata 4I4
1000 Norf &Wat con .. tWli
18000 Norf ic Weat evt 4!i..ICrK
Jioan kor Pa prior 4..?. .. 00
IW ( 1U3U
imtt lilth
B00O Nor Pao sen 8s.
JlfflteiSrart!-!?::
STOOO Penna cv SHs
luuu fenna, 0
Pcaoa 4r iis rtr. .
t A. r T AIL. 7
'PnrtlAnd R fu TttVl' ' ' a
.000 PubUe Srv N J 6.. ..
iOOO Ray f-on Copfr Ss. .10
lOftt Kaa-Iiag gf a 4s . ... u
11 step it at es 4&io. . a
') Rock Talan1 rfd 4a. . A
i to4& laiano as a
ElLI it & Bo raf 4s . A
lono St L I il A 8 flit 4a. . ft
1S0 6t L S V rllUl. . (i
SOW Bt Paul at M 1st 4i.lfl
14003 Staboard A U adj j., 8
SOOcI Soul'. Ball fi 6
e.ton Bout a Pae rfd 4a . S
ttOOO South P10 cv 4. . . . I
47if ii o ret t p la 184 S
oo souta fas ltd 4a.
bSM Bootb Hy Sa .
vsm Soaili Ry con ft .
$PO Noutb H St L 4s.
tUOOOTexu Co cv 6j..
Aim Thj,i Act nf il .
tanttTMrd AV9 adj Ha .
oOO Tol St L W 4S WW 1
TWtla tl?i
una Uuiuu pao lit la
Mft tleloa Vac or 4s
Matt 1'olon Pae rd U
S Ua (tun 8 V 4
SOW V 8a Bj-flwn Br. j
ao vg. rw m
1lM) WMutat) 4
3000 Wth lat 1
leott) tin tw 11 i 1,
Hm W BKetrF Am
Hi..4i 'Waat c in b
-Oi Vta4 Cntai e a
m
2H
H
Central Railroad of New Jersey extra
semiannual dividend of 2 per cent., pay
Able December S9, to stock of record De
cember IS.
Exports of coppor for October, totaled
8.U2.M8 against 12.23o.im n 1913. Import
amounted to 11,1(3,293 compared with
f3,27vll last year.
The Clearing House of the Philadelphia
Ptock Exchange will be reopened for the
clearance of stocks beginning Thursday,
December 17.
J. W. Sparks Ac Co. announce that
James A, Lonewell, formerly wltli Dick;
Bros., has becomo manager of their stock
department.
.George K. Johnson, president of the
Pttui Wutual Life Insurance Company,
was today elected a director of tho
Fourtlj Street National Bapk.
The Union National Bank has retired
$45,000 eme.rgenoy ourrenoy, and the Her
chants' National Bank, of Newark, N. J ,
(SCO) at the local Subtreasury.
Iron ana steel xpqj-U In Oetober were
value4 t M.itS( agttlst 6.m,sT last
year. Imparts were ftgs.iW ewu pared
with Jt.,7il in the ao.reapedls- period
91 Jl.
York Jtwy
111 ao prar
Rx dividend.
Total sales, 10,430 shares.
BONP8.
4200 Am Q & EI 5s. Kl'i
bOOO Hold Loco Ss.. 102
712 Cam et scrip. . . 07H
1088 Elec & V Tr 4a. 70
1.VHI Oen .Up deb 5s. . .
140OO Interatate Ity 4a 5U
2UX) Kay Tel 5a 8uft
SHOO 1. V gen con 4s. ..
no Phlla Co scrip., nl
IOOO 1'iilla Co cons 5s HI
2000 ri.iiu i:ieo 5...ioutt
150) Un nwy In 5s.. CU
Total sales. J5J.010.
UK 51 .11
KUTk 10IU 101
50 50 SO
S!i 81, 8l
30!i 30a SUM
Slli 81 81
Itrtji 102 102J4
I)7ii 07 07J4
70 78 7H
07 07 U7
suit sa't 5tili,
M) W)-li W,
kVj M'.i hS 5
Ul 01 01
sou SO". KOU
iooi5 looij lout,
on 6(i ca
I.OOAI1 BID AND ASKED
eAsjuiual iuetlu
At theVanuai iutliig of the Bslnwot
Tfuit CoJy te foTlovdDg- dktors
we re-Jt4 to Mt-ve tgtt four yean:
J. Franklin Winter, John Wslw and Sir.
B. A. Pullitoi.
'I P
Tbe nrst tranMtcttoK on the Kw Tork
QtMk Bxchaus today was 4VM sbaroa of
Unt4 States SrwJ at , jjp I points
Ittm the miniiuum UhUlid by the
Stwcial CooinUttte of Five.
ISie avra price of Jv rawty stocks
' .o ytt ewt. yetrUy to H,W- Tbis
tojuparea watt tb low point of .U jr
cot. on July 3v. The last higsi pautt
was 10I.S4 per cot. oo May tl Ust
PUudlplua brokarA nous . witti
tAudon cornier tious hsuj no Utxpcrtant
loreifin Mllmg; orders, t,ui Nsw York le
l,ort,l acoi London sales
S(a tW iLl L't4tMW C4MMMI
Crt.
Baldwin pref
Cambria Steel ....
Klectrlo Storage ...
General Asphalt . .
do prat
Ke atone Telephone
do pref .........
Lake tiupe Cop ....
Lehigh Navigation
do t c
Lehigh Valley
Lehigh Valley Tr ..
do pref .,
t'liiia 1,0 ,....,,...
Pennsylvania .....
I'hlla Ilap Trail...
I'hlla nap T t c...
Phlla Bleo
Heading
Tonopah Ilelmont .
Tonopah Mining , .
Unit Oaa Imp .....
I'nlon Trao .......
1'nlt States Steel.,
York Rwys .......
do pref
Ex-dividend.
Yesterday's
Bid. Asked.
liu
... 4JJt 41
... 48V 411
a3
C8U
.. 13U 14a
... 01 (U
12
... 7U1, 7
... 7(1)4 78
... G8S (10
... mj 10
. .. 27V8 2S
... 38 :ts
... 1311 lfll
. . ml n
... ait, 21
... ml 7.mi
... S 5'
... 7'i 8
... R2'i M
... 4flJ 41
... 5 It, 5111
. . . soi? s:
Today's
Bid, Asked.
4Si 43
4U 50
07
13i
or
aj
Sit
70(5 78
T7 7
87 It
l.vij
34V4 33
A4U .MU
13
l.'l
21
74l'i
4ti
T',
S.4
l Penna r.l 12 if a r s.l
17 do Mt .v U b Steel.... .M4
20 Leh V Tr pfd. 2S So Ileadlnir ..71 13-lfl
14 Heading ..74 1.1-10 IOO 1! H Hlcel 61
s Klec Storogu. 4tni3(4l Tonopah Bel. tT5
13 l'enna 5I'5 10 Phlla Kloc... 2.IIJ
nx-dlMdend. tooNos
20D Am Oaa A Lice 5 Sl'i
SOOO Am Gas . Klec Ss 81
11.30 A. M. to 12 U.
10 U Steel.
too do
..121, 60 l'enna r,li
, .. "-. . v . "
0.1 Ton Bel.... I 10-in 2(0 I' It T 1314
5 l'enna r.l)-j 10 I'hlla Co s.vl
TO Inn ro N A. 2I5 5)i Cam Bteel... 41 '
IOO I.eh Vat Tr,. l.VA l(l Keystone Tel. I.vj
IOO P R T t 0.). 135 l') do ntj
8 phiia nice. 21 .-.n r n t t c. i.i
. ,in n.'d
in North Central S5
ITwllr)nnf1
BOND3
10CO lnterststo Hay 4s.
SOOO Kaldwln Loco Ss...
Tlli
I, '1. . ,.,(?
1U Leh V Tr pfd 23
... .Vl'a
...102U
12 to 12.30 P. K.
Del.
pfd.
. . t
IOO Thlla Elec
SO do
10 do
40 Penna ...
in da
80 Tonopah
aid Kov Tel
"n Ton Bel.
20 i'nlon 'trac,
ion II a I
10 Ton IIel....4
23 U 8 Steel....
1nO Keystone Tel.
100 Cam hteel..,
I do. ......
Ux-dlvldend.
143 Cam Steel
23!i 100 U .1 Steel...,
10
Leh Valley. ,
'ennn
V S Steel...,
cio
do
Leh V Tr nfrt
Ton llel....l
I
21
54J
, 01'.
15-10
. 41
15-10 10
52 "10
lilji 2.1
111, 10
4 2M
BOND3.
scrip
Leh V Tr pfd,
Ton Bel..:.4
W J a S
Penna
Tonopah Bel,
. fll'i
. ns
. rv.
is.1.
15-10
, 28
13-10
, 50
5
07(1
12.30 to 1 P.
M.
n w
nii
52
S3
aV.
74
B21I
40U 40U
'ft
30 Sl
PROFIT TAKING ON CUBB
NEW TOHK, Dec 15. Trading- on the
Curb today was fairly active in spots.
There was considerable profit taking
noted In several Issues. United I'rofit
Sharing sold down to 16. United Cigar
Stores was fractionally lower. The Chi
cago Northwestern 5 per cent, bonds dls
played considerable activity. They sold
down to wy, after which an advance
to JOS H took place under good buying
support.
Bid ana asKea quotations louow
. Bid.
Oolddeld' Coniolidatid ' '. "".'.",".'.'."
Greene Cacaasa
tLM. nes
Maxwell
preferred, . ...
sslns
BloTitw
prferrd
.lltfeaun
UnfteS agar, i8or'M.'
do arsxarrad . . .
TJnlUd Proflt-Sh
IVtllye overlana
uo prsrraa.
Tukon XI0I4 ..
j
m
41
44
: 1H
91
llS
i?j-
atH
&
MINING STOCK QUOTATIONS
TONOPAH srr&etra
T....U, K ' ' J& Ask
liaeNaawra.
iMwar ...
MUsaS sNtaaslen .
SlwSfw ::v.v.:::
Tefiajak lalaiBnt"!
f oot6 sfctaftsteii .
Twwinn Usrgfr ....
Bg 7
MesssiapiMa .......
West abd
WHMfMja STOCKS.
sHfatn
Slw'JMl .".'....'.'.'.".
nggin
ffR
raasaiVr..:.
(WSJlS Oosva3&aUt
OauaeU. Hsrsajr .
Jumbo Xitamtoe
KukSJWS
Oro
SnJ tiui
Sllser Pica
MUrt4.i.Aitgui
i3WMtar
11 Leh valley.. U.V. Q I R T t c.
100 Tonopah Del. 5 20 I-eli Nav t o.
'.to 'iononan uei. 4',H 2a u a steel
Kx-dhldend.
4 l'enna .'.Ui 4 U Q I...
a Len vauey. . i-i'.a
BO.NPS.
17 Phlla Ca ecrln 1)1
10xi I'hlla Co cona 5a hV
jsuoo i.en val cen cons 4a ph
2 Cam Steel scrip 07
1 to 1.30 p. ir.
100 P n T t o.. M!i 20D Tonopah Bel. S
160 Tonopah Bel. 5 3 U S Bteel 52
2 Penna BlU
1.30 to 2 P. M.
10 Phlla Ltec... 21
33 U 8 Steel.... W
12 Ileadlntr .... 7415
12 1'hllj. glsa... 21
6 Leh Valley.. 11JV,
3 Penna Mh-lrt
10 Heading .... 7IU
10 I1 It T t o.. Ull
El-duldenJ.
BONDS.
5C0 Can Asp del Es
110 Phtla Co serin
IOOO Leh Val coal 5a
100 II s Steal....
10 Iteodlnjc
50 Cam Steel...
5o da...,
5o do
an do
23 Tonopah llel.
41
4Ti
. 07
. 01
.lot
2 to 2.30 P. M.
4 U a I M 10i I.h V Tr pf.
T5 Ih V Tr pfd. as Ul Intar Met .".
3d) Tonopah UeJ. 4Ta 2IS Paua 81e...
28 Leh V Tr pfd. VI, 10 York ltwy pf
Kx.dlvWwl.
UU.NlHi,
10QO Am Oaa 4 BleoJ i
02 Cam Steel strip
28
30H
Sl'i
2.30 to 3 P. M.
JOUS Steel...
aoo do........
20 Lab ValUy,
Sdo.
do
40
Sod do...
00 00
3 PMla Co.
Ill) (VI....
100 l'eaoa ...
ISO Cam Iron,
B-
St
51
10
w
rv: a
el...! sT
x-divideod.
h
i
20
IU IOO
4SR
BONDB.
Am Ice.
I'hlla Ca.
11 & fitAl.
Phlla Bloc... 31
Cam Iron 4!U
p a t t ., is
Ih Vallav. Dili
Toaopah Bel. 4jJ
Cam Steal... 43
Tonopah Mln 7V
Phi Co cm Df 40
IJleo Storage. 49
PbtU Co scrip,...., 91
Cam Steel aertp , Bill
rHlw WUI4 9. Iwtt
SEOUEITIBS STEONG IN IONDON
U3NIX)N, Dse. U.-Scurtti In the
straiet were strong tn the main today.
SoHtlmant was cheerful. The Stock Ex
eiiange Committee published a rule flolug
mnibrs who unduly dly deliveries of
sta)k. American lesuas were rampant, re
Aacting favorable news from your side.
Canadian Pacifies triuxved Hrogth-
Copper snares sympathise with the
fresh advance In the tota at that uitial.
Sio Jlntos were quoted at H4i. Kaffirs
moved upward on good bait arly divi
dend declaration. IlraaiUan securltk
were firm. Exchange aa LotwUn at Alo
again baproved. V
Saourttlen at Auction
At. tuettoa the Uowla wet told fey staiu
val T Tfeauiau Ik Co. today,. '
M raSSJa Natljaal e'lra Iasoran. IB
t'loiaTcYty of Phil 14. mi fc'-
MOO Ckiy of Phlla- J'.a. US2 Is
BaAk of Vancouver Sujend
WHEAT IN CHICAGO
MARKET IAS FIRM
IN THE MAIN TODAY
Reactions at Times, But
Final Prices Were 7-8c. to
Ic. Higher Export Sales
Continue Large.
CHICAGO, Dec. 15.-Wlieat was firm in
tlio tmiln today. There were reactions at
times, but final prices were Tic. to Ic.
higher Severe weather over tho West,
where snow has fallen, Caused some np
piclienslon with rcgntd to winter wheat,
especially as to tho situation In Kansas,
.Speculation was not active, and wires to
tho lCost worked poorly.
There is a good deal of Interest in the
report of tho Department of Agriculture,
which will bo Issued at 13:30 p. tn.,
Thursday, and will give tho nrea sown
to winter wheat thin fall nnd the condi
tion on December 1. It Is beltdvcd that
a good Increase In the acreage will bo
shown. Koine authorities said tho grain
will exceed 10 per cent.
Tho acreage of Canada, Is expected to
snow nn Increase of more tlinn 15 per
cent. Tho murltct at Liverpool moved
upward on lack of Manitoba offers, nnd
private reports of frost In Argentina. Es
timates on tho exportable surplus of that
country aj-o being reduced. Exporters
continued their activities in this country
totlay nnd tho sales exceeded 1,KM,000
bushels.
Tho llnal estimate of tho Government
placed the yield of winter wheat at CSL
990,000 bushels, against 523,11,000 bushels
Inst year, nnd of spring wheat nt Z06
027,000 bushelB, against 29,819.000 bushels
In 1913. The combined yield wan about
933,000 bushels under tho preliminary esti
mate. Tho visible supply In Europe nnd
America Is now about SX, 245,000 bushels,
rgalnst 199,214,000 bushels last year. The
Increase for the week was 9,C43,000 bushels.
Clearances of flour from the seaboard
were 37,000 barrels and of wheat $61,000
bushels.
Corn was firm with wheat. Tho final
figures of tho Government on corn wero
2,672,SOI,000 bushel3. against aMO.988 000
bushels last year. Clearances from tho
seaboard were 206,000 bushels. Futures
closed Uc. to ijc higher.
Oats wcro Btronger. The final Govern
ment figures on oats placed the yield at
1111,060,000 buslicl3, ngnlnst l.i:i,7CS.00O
bushels Inst year. Clearances from tho
seaboard wero 336,000 bushels. Futures
closed Ue. to 'ic. higher.
Provisions were firm on steadiness in
holdings and with corn.
Leading futurea ranged aa follows:
Wheat Onen. Iflirh. Low. close
Pecemter... 1.18". 1.1s'. 1.17 1.18 tl.18
Way 1.2314 1.2-' 1.2lfi 1.22t h.2lW
juiy l.ir,!. l.idH 1. iota -1.10)4 Ti.tuti
corn mew delivery)
PhUadelpkia Markets
CHAIN AND FLOUR
irHEAT. flecelpts, 102.418 buah. Thire
was a fair demand frem exporters, and Kith
atronger advices frem the Wt prlcea ad
vanced le on both winter and soring varieties
Quotations car lots. In ennort elevator. No.
2 red soot and becember. Jl.SOfll.St'i: No.
2 red Weatern. 11.2101.26; Ko. 1 Northern
bulittli. Il.30fll.82.
COIIN. Ileeelpta, 15,7 buah. Trade
Quiet, but offerings light and value steadily
maintained, Quotations! Car lots for local
trade, sa la location No, 2 yellow, old, 81 B
SIHc.: steamer yellow, otd, S01i81c. new yel
low, as to quality, ogHOtlc.t new cob, per 70
Ibj., OtfjCSc.
OATS-ltecelpls. 89.930 buah. Offerings
moderate and (slues steady, but trada was
quiet, Quotations: No. 2 white, 64-BM'iC
standard white, MHc.i No. 3 white. Slo.
n.l'!:OUIt-",elpts, 1205 bbls. and 8.844,
010 Iba. In sacks. Trade quiet, but mill ,llmlt
steadily held, quotations per 100 lbs. liiift-nodi
Inter clear, I.70(J4 oo: do., stralgnt, 4S
v", 110., natenr. an .KHf.Tr,. Ksneds. mraiKiii.
iJ,?A2,.ckJ- 'l.2of5 40i do., patent, uts sacks.
3.404JJ5.B.V Bprlnt first clear, IJ.ion3.n0i dn .
tralyht. s.:(.ifis to; do, patent, s.oof3.00;
u., .uvurKs orsnos, swrubu; city mins, cnoico
nnd fancy tmiwt, (iui..iO! city mills, MBUlar
fSe.?rV,n,cr- elfi ' 7r4.u0; do. etraUht,
5Y.'i-.x5 .''2- Patent, I5.SOQ3.i5.
RESERVE BANKS
DIFFER SLIGHTLY
AS TO SYSTEMS
Philadelphia Federal Insti
tution Does Not Clear1
Checks for Its Out-of-lown
Members.
Tea
close.
Drcombcr.
May
July
Oats
December,
31ay
lird
.lunuary. .
May
lllbs
.Tnnuary..
Wny
I'ork
January .
Mav
Hid
Rl'l
rili
raf.
l'l
70S.
4
823,
?4
K)
OU'.S
47
51 i
rail
. 0.P2
.10.12
tlO.CO
10.23
,.. 0.0"
...10.22
. . .tis ""
. ...IS. 72
tAsked.
10.02
io.:i7
18.40
13.03
0.02
10.12
0.02
10.20
10.02
10.M
18.33 tl8.33
18.72 118.80
D.SO
lo.or
10.87
ti0.20
18.10
IS. CO
LIVE STOCK QUOTATIONS
CHICAflO, Dec. 15. ItOCS. Receipts. 40.
(XX) head. Market steady. Mixed and
butchers, tn.CoriZ7.13; iwl heavy, 10.83(4
TilO; rough. hraw.- SO.&OtB.80t llsht. Ifl.llOIUJ
7.13; piss, r,.2r!nu.25i bulk. .85a7.1o.
CATTLL! Hccelpls. C50O head. Market
(cak. lleees. 3.&0(ill: cows and betters.
ja..',UJ8.20, stoi.kera and feeders, I4.00CC
11.111; Tenuis. $7.2308.10; calves, W.f00.
fjILi:P Ilecolpta. 30.000 head. Market
steady. Native and Western, S3.30UU.2U;
Limbs, S3.8UO8.40.
CA1L MONEY RATE OUT
Philadelphia Banks and Trust Com
panies Announce Seduction.
Several of the leading banks and trust
companies of this city reduced tho offi
cial rate on call money loans from 8 per
cent, ta 5 per cent, today. The reduction
applies to both new nnd outstanding
loans, Somo companies, however, nro
still maintaining; tho hlcher rata cm old
loans.
This Is the first official chance on tho
local call late, us far as outstanding
loans are concerned, since August 1,
when the war bouan nnd money Jumped
from 4 to 6 per cent., but In the last
few weeks new loans have been mado
at v'.a and S per cent, in moderate
amounts. The lowest call money touched
III 1314 was 3V4 per cent., at which rate
it ruled from Juno 1 to June SO.
GOVERNMENT BONDS
2a of 1030. res
2s of 1U.10. cou ,
l'anama 2s, res
1'anuma 2s, cou
l'anama new 3. re". ,
Panama now Ss. cou..
Ua of 1018, ree
3a of 11)18. ami ,
4s of 11)23. ret
4s ef 1023. oou
Bid. Asked.
. . . .ua
...1)0
... U3H
mi7
1)0
1)7
.... 035
.... IX)
....100
....IUI
..10SJ,
(i
lwi',5
.losS
Philadelphia,
rsew Yorx
Boston
lhla. 4Vaa Pr cent,
Open Market Rates
&la, 6. HO 4VM314
k 3H4 4J
... 03H 6 fcij
itlle paper. J to 6 months; rnlladrl
Reserve Banks' Discount Rates
SO days, no d.ivn.
a b
Kaw York
Il)lladelphU .
Ueston ........
Obleaeo
dt. ImjIs
llovelaHil
Itlolinwnd .....
Atlanta .......
Kansas City ..
VlnnaaMIs ...
Dallas .........
Ban Franolieo ,
tv5
a ... a. .. I &
:::::::::: l
BANK CLEARINGS
Haul: clsartnis today eetnnara Hilth eorrs-
n3Cis- day Uittw yearsT
apon.
Ho st en
Balllner
Cbicogo ..
lull. laia. i!ii
isMa-a L.s2?i wjmw
, sv.iwi.i jj.Bii.in. ai.4m,a,vi
dism M& d:
FOREIGN EXCHANGE MARKET
NBW YORK. Pc. 1S.-TO 'otfltu.
I.O., tU
Daanse market was auUt.
4 TtK; fraaoa for aback,
marks, mL .
Mb;
shUs.
cabiM, a.ii,:
In th aftsruoou la faaturs as weakness
In natcbausias oo fairly aaavy atfeilas, Tor
ehacks SSU was aiKMaa ujd SM. for cabU.
dna4 aterllse ,487. cabUa. 48fH franca.
c&cVa. 314H: cabUs. StfK.
HEADS FEDERAL COUNCIL
WASHINOTON. D. 15. -Manias B. For
tran, of Chicago, today was elected presi
dent of he Advisory Council of tup Pd
wal Tserve system, and. Ijsvi L. Hut.
at IfallailelphU, was aUotad vic Sr4nl
(Ut. Mr. Forga. Mr. Hye J. P. Mor
gan, of KW York; D. Ci. Wliig, of lltw
Usp. and W. 3. Row, of Ctu;iaa.U, wrs
rttfjf aewbr of the LMtsfsVitwe CH-
Mttt4M.
COTTOK MAKKBT STEADY
-NtJVV YORK. Dc U.-Tbe i-c4tat UU
ket closed staady. 4 puuuta lowar to
pulnta bi-bi
1' ru us folio
j-tueiliuei a 87 e St)
IF. .::::-II J I
Xlv f fill t t I.
if ,JT VMH,
Si. is
nrmiy maintained. We auote nearby and
Ueatern In wood at fOSOCK
PROVISIONS
iS- n,arl' Jult nd without Important
chanse. tjuotatlona! city beef. In sats, emoked
?"" alr-drld. 2829c.i do., Weatern, .In aets,
J"'0,1id. 2Sa20e.i do., city, knuckles and
tenders, smoked and alr-drlsd. 29tf:ioc.i do.,
JX5,teJn' 1'nucklos and. tenders, smoked, 2t?
JJ?c'l. to., hanw. 3Sf30; pork, family, M,B()tf
skinned, loose, HBlBMci do,, do., smoked. 14
i4ftc.j other hams, smoked, city cured, as to
brand and aveisse, isoiSUe.i do. smoked.
ll'rn cured. 16V13tie.i do., boiled, boneless.
tSS'J.'Vi, nlcnlo shoulders. S. P. cured, loose.
lJHe'llHc.i do., smoked, 12U12Vtc,i bellies, In
Pickle, nccordlnt to averaite, looae. lBfrlBWo,:
breakfaft hacon, na to brand and avers ic. city
furcd. 1S31DC.; do., Western cured, iSall'ci
!"" " eaiern, rnnnaa, tierces, liHifiinc.) ""
do., do., tuba, llitctllUo.; do., pure city, kettle
KtZiiSiwii "wk" do-do-d0-
REFINED SUGARS
List prlcea steadily maintained, but trado
quiet, neflnera" list prices; Standard aranu
11;' .0o.s fine granulated, 4.8oc,; powdered,
i'-S-it confectioners' A. 4.75c. i soft grade,
4Cj4.0c.
DAIRY PRODUCTS
HUTTKH. orterlnga of fancy troode Hebt
and values firmly held, with demand equal to
the olTel.'nroi of this description. Quotations:
oatern. fresh, solid-packed, creamery, fancy
speclsls, 30c.! extra. 34c,: extra firsts, .l.'w
.13c.! nrsts, 30B31C, : seconds, 2tW2Sc. ; ladle
packed, JIJT23C. aa to quality; nearbT prints,
fancy, 37c: do., average extra, KOTtSOc.: do.,
flraia, .12Sfl4c: do., aeconds. aofiJto. Special
fancy brando of prints Jobbing at 42R44c-
I.UI.S. The market quiet with moderate
t lmnln ftfr,.na At nnMh) flnir... Oitnln-
tlona: In free cases, nearby, extras. 425f4.ic
but ample offerings at quofed figures.
......a, ,,1 .it;o canea. neftruy. exirus. .wii
Dvr dox.: npnrhv nrir. aiL'fitt2..1i) np Rtnndnrn
caac; average nearby current receipts. M0.S0
ptr standard case, exceptional lots higher;
Weatern. extra firsts. tl2iil2.30 per caro: do.,
firsts, slO.MO. aoiiio fancy stock higher: mixed
held and fresh and ordinary stock. XHftDOO:
Southern. J10.80B11.4O per caac. Refrigerator
egga. cholco and fancy fall-packed. 27W30C. :
do., sprlng-pncked, as to quality, 21fi23c. Per
doz. Fancy selected candled fresh eggs were
Jobbed nut rvt 4H4J49C. per dox.
CIir.ESE. Offerings moderate, but ample,
and the market qule; and without important
change Quotations: New York, full-cream,
earlier receipts, choice. 10c; do., do., cunent
make, choice. lr813W.c..; do,, do., fair to cood,
14UU14S0.; do., part skimi; StfUc.
POULTRY
LIVE. Trade quiet and the market barely
steady under fairly liberal offerlnes. Quotations:
Fowls, 12014c; old roosters, lottllc; spring
chickens, according to quality, lltfiac: tur
keys. uaiOc.i ducks, 13014c; geese, 1.1315c;
guineas, young weighing 2 lbs. and over
apiece, per pair, 00c; neighing l"Sf(li lbs.
apiece, per pair, SOfiuSc; guineas, otd, per
pslr, 40c, pigeons, per pair. lBfflSc.
l)Iti:8SKl). The market ruled steady on
fine desirable-sited stock, supplks of which
nc,v smaii. vtuoinuors; ura.ys, ary-pnexea
l'ancy, large, nearby, 2122c; do., western,
21c: a crags receipts, 17&llc, 12 to box, dry
packed, selected heavy, 18Hc; Inferior, ISO
10c; No. 1 old. 18c. rowls, weighing 4W3
lha .Aim. ITlZn . .( IK. anTnA iniZ. .
do.. .Its lbs. apiece, 14013c, do., 3 1M. and
under, 12B!3c: fowls, bbla.. dry-packed-
western, dr-plcked, 4'4B3 lbs. apiece.
MlSo.; do., 4 lbs., llHie.: do., 31i lbs.;
14c: do,, 8 lbs. and under, 12013c, old
roosters, dry-picked, 12 He: broiling chickens
Nearby, 1H2 lbs, apiece, 20&i22c; da.
fair to good, lU01Sc; Weatern, T34J2 lbs.
apiece, 20c; do., fair to good, H4J18c; roaat
lng chlckena, dry-packed. In boxea Jlllk-fed,
18 to 24 Iba. to rlox. 22Q23c: milk-fed. 23 to
20 Iba. to dox., 10J21c; corn-fed, IS to 24 Iba,
to dox.. 20tJ21c. ; corn-fed, 23 to 30 Iba. to
dox., isaitlc. ; milk-fed. 31 to 36 lbs to dox.,
14Uc,: mllk.fed, 37 to 42 lbs. to dox., 14H".i
milk-fed. 43 to 47 lbs. to dox., J3Hc; milk
fed, 48 lbs, to dox.. 17c ; milk-fed. CO Iba, and
over. 16c. ; corn-fed, 31 to 30 lbs. to dox.. 3Vi
QHc; corn-fed, 37 to 42 lbs. to dos., ISV.si
14c; corn-fad. 43 to 47 lbs. to dox., 14(4 0
13c : corn-fed. 4S lha. and over tn das., ldc.
corn-fed, 00 lbs. and over, 17c: roasting
chickens, dry-packed. In bbls. Western, milk
fed, dry-picked, 6 lbs, and over, I7n.j Western,
milk-fed. 4 lbs.. 16c; Weatern, milk-fed. 3l
Iba., 1414c; Weatern, milk-fed, dry-picked,
mixed nelghta, 1414Kc; JVeatern, mllk.fed.
2H33 lbs., 14c; Weatern. cArn-fed, 3 Iba. and
over. 10c i Weatern. corn-fed, 4 Iba.. 15c. ;
Western, corn-fed, dry-picked, mixed weights.
tvcaiern, corn-tea, ,,yj ids., l-ic; wes(
14C
em,
corn-fed, 2W8J3 lbs., 13c
Staring
1201.V.
11 to 12
(lucks, l-Mliac. eprlnc geese,
snuabs. per dozen hire, nelvhlnir
lbs per doien. I4C4.W); white, neighing 0 to
10 lbs. per doten, J1 23R.t,Ta; white, weighing
o lua, iter itosen, s.auu..jo; ao.
loxen. iW2.23; do , (170'4 lbs. per
1 50; dark and No. 2, 50c.Sl.
FRESH FRUITS
TUe general market Is quiet and without Im
portant change. Quotations: Apples, per
-., .,,.
S2.30n2.73: do.. 7 Iba. tier
do , (1704 Iba. per doxen, 11.23
.7302.30:
JJ.73(fr3.RO: llnl.lwln. XI. 7:
Greening. t.732.73; Spy. I1.7302.R)): other
varieties, at.iou,au: meant
good eating
1.00; apples, Western.
m. 11a
nei hnv. SlfM .n.
"fw", uiiatvara anu Pennsylvania, per
hamper. )0c, Lemons, per box. 1ft4,
Orangeu, Klorlda, per box, tl.23K2.23. Tnn-
fcrlnes. Florida, per at ran. 2.IU)43.r, Grape
rult. Florida, per box, ll.50SJ2.23. l"neap.
a 1 V n crate t-orto uico, si..aoxa; nor-
.ua, ,,M..i,
er ddi
Hack,
2.30. Cranberries, fancy lat varieties.
48l..'i0. Crar berries. Capo Cod, Harly
per bbl.. J384. Crnnbrrrlea. Cans Cod.
per bbl.
mack, ne
Early. Black, per crato. 7.V (fll.SO.
l-m n )a-
rlea. Jeraey. per crato. 7.V0I1.23. I'eara. Now
.", wr f.o'SZ'JiTFS"- """Mo: uucneas. s
Q3; Howell. I2Q2.5U; other varieties, J2Q3,
VEQETABLES
There la a fair Inquiry for desirable stock
and values arc well sustained. Quotations:
White, potatoes, per buah.-Pennayhanla, SS
62c: New York JRSSoc.; white potatoes Jer.
sey, par basket, 33&-40c: sweet potatoes. East,
ern Shore, per bb,-.No, 1, 2ff2,73: No. 2. II.&0
est 73: sweets, Jersey, par bbl. No. 1.
S3.BQ; No. 2. 2Q2.25; sweets, Jeraey
E" bttiiv 60S73c Onlona. choice, per
bush., TIHsiSe,, do., ordinary, per buah., coa
03c.; dc. choice, perjpo-ib, hag, SI.25&1 SO:
do. medium, per IO0-lb. has. SScftll; dc sI
onda. pir lOO-Ib. bag 0D7So. Cabbage, do
r.itlp. per ton. ITQS: do., Danish, per ton.
Iinftl" ran nnw,, Mao, VaI- n. .-.1 .
titl.23. Bplnach. Norfolk.
kale, Norfolk, pur bbl., Out
laa, ter pasxei ki ..miz
per crate, 73c.
bbl.. ilffl.:5:
e. nor-arollna,
c. Lettuce,
pnn ri
Ida. ter basket n -'Mi 2: do . Nort
per basket, 0Oft73c. Ilaana, Florida, par baiket
9-i.uuvii: Assi'iaJii. rionua, per oox ss
w,ua, ur ua.hii, S1.IDS.
l'.?tt5i.!i-S05-..J'i'.
uuitv... tfV.vV 1 llln
L.ucuiabara. Flurlda. Dr basket
s. ..; ,.-,, . .--.-.. . 1 .
equasn, r luriua, iwr nasxar, si.i
Nw York, per bunch. 244) tie
per -lu. osikc), tiyi.uu,
tub rooms.
NEW YORK BUTTER AND EGOS
NEW YORK. tJsc I8.-BVTTER.-Matket
firmer: recslpts. SOTO package j- creamery ex
; w.,?S;ia "',h "lng. 34JM4c., mats
dairy, 31SSc; Imitation cisamery, 31Wu
EUQ3. Markat firm; receipts, nn u.
ircsn eaira, uiii., wani'., ircsn nrsls,
4-c: iiMfur "mi" i
sestiec; spselal marks.
Mc,
naarby mlxi
i
DIVIDENDS DECLARED
Standard Coupler Company, regular uulan
pual 4 per cant, on prsferrad, payaWs !
Ear 24 to stock of raaord Pecetaoer IB. TSoEs
closa Daooutbar 10 and raofwn January u. No
dividend was declared 00 comaen. ind none
lms bean paid tbla jaar """
Fraakfera TruK C'empany, regular aetnlan.
nual T Pr cent., payable January 3 to stock
of raoird Oaeuaber 14.
Tobaceo Products Corpeatlou. regular auar
tarty IK pw cent on prafarred, pavabw Janu
ary 2 t stock of record Dmnur 21
OjNIvte Flour MI1U. regular quarterly 2 per
cant., nayau January z to stock 01 record D
..-,t,A ID
Brandruw tt lfaBdtrsoa Coninany, uau-vl
auartrl IV per ct. oa urJrrl stock
JSBf ..
WIIVfW
vtuteBd Cjuany
lar uarirly
rwu
jiir"BrbSs ?4
oiiiru t?i ibo. hww , wnpaay. juiAt
ism on wmmwrma. navitaM aiLnuair
Upcuipw
Btiactuiy 1
15 U slock f r.-oMl
"rrr-Krj ."Ct:-
W iV WMtMV
at wmaaxa xjcaBssr ai.
gtos "- TilakBbona
CossstnukV. aMaauaUr au&rt4ttrir 1. mt aA&k.. nV-
4! pM4Mbf il ta Muck at ;MliMiLt
cont an ttfvarril bQM Jbu
ck o racord nwmatiar a.
mtv 1ft u atocl
K xpn Bxiaua usantatay regular ejuar-
SMaWkvd Oaa llabt Cuaipauay rvgular aauul
aaplkV u pxr mat. ou coaamua stock
Ifiltjaail u4m T lajbrt f imnrsny tssjalHT'iTiiB) 4 oe
cant.
Iin lUfeKlsB
XUE rSNNSil A.M.. CttyPANV t-OK
INSIKANCK8 OX UVTW AsiU
OR.Vt.TIM. AKJT11TIK8
tia,b 14th. IV J 4
Tns s.iJ of LWi o.ton ht tats Os-j cts
,uUr f,u.rtarl d..,daa uf Mi
iW saw alkaMJ. ciaar of ul.
nj2wa4 aTa"tkM TSwdnsaa 4u Bueaul
etrbtk 11 e b NBV.Hal.1
With the formnl Inauguration of the)
new form of tatement by tho Philadel
phia Clearing; House Hanks this week. It
mny bo said that tho loenl Federal lie-
servo system Is now completely under
way.
All the Items contained In the old form
nre retnlned, but, of course, a "wide
variation Is shown from former state
ments, owing- to the reduction In reserve
requirements, which are some 113,000,000
less than wns required a yenr oro at
this time. Consequently the surplus rose
arbitrarily.
The Fedornl Ilcservo Bank of this city
operates practically Uniformly with all
tho other rcservo centres excepting Chi
cago and Kansas City. It Acts aa a
Clearing- House betweeri its own mem
bers within the city, butSdoes not as yet
follow tho example set by the two West'
crn Federal banks, which recently be
gan to clear for out-of-town members
to n certain extent. Nor has It yet been
decided whether this city will follow
suit
Somo comment has been mnde that the
Federal Reserve bankB, by not reporting:
clearings made for members, cause the
country's volume of tiado to bo mlsr
represented, but It was pointed out by
a local ofllclal today that this was In
dicated by the. deposits which ara re
ported recently. The Philadelphia Re
serve Bank Is n member of the local
Clem Ins House Association, whereas the
Chicago Federal Ilescrve Bank has not
yet Joined the association In that city.
Tho introduction of the new system has
been remarkably well handled as a whole
and tho country's fllnancos have scarcely
felt the slightest Jar. Monetary condi
tions, in fact, immediately became easier
desplto (he unprecedented upheaval In
Europe. This, however, leads to one seri
ous question that of Inflation. Sup
posing conditions In Europe and else
where had been normal when the new
system was Inaugurated. Would the sud
den loosening up of reserves havo de
veloped an era of over-speculation and
Inflation In this country, or would the
various arrangements made to safeguard
the country from this have proved ade
quate? Tho full force of the Federal Tteserve
system will not be entirely developed for
a year or more. Meantime frequent ex
changes of suggestions and experiments
are being mado nnd the banking frater
nity la gradually adapting Itself to the
altered conditions. The ultimate general
plan of clearing will doubtless be that a
given Federul bank will do the clearing
for its own members within the city and
ivll! participate in the- several clearings qf
the local clearing house on behalf of the
members of the Federal Iteserve Dis
trict outside the city wherp the bank Is
located.
The Federal Reserve officials them
selves admit that they are still uncertain
as to many points In the working out of
the new system, Unfortunately it waB
begun under abnormal conditions and
It still must stand the test of normal
conditions. It will, doubtless, therefore bo
several years before final Judgment can
be passed upon It In all Its ramlflcatlons-
XX) last 3 ear; bushels per acre, U3.il In 11)11 and
Si. last year; total production. 2.1)72,804.000
Eushela thla year and 2,440.0M,0O0,last. Farm
Liiua December 1. U3.T cents a bushel this
..7.. ...... ml )nat Tai. value. X1.7U!? ."(IK) mn
).' .-.",i vri.,.TArtT7.' ,i-'. :: rr""" "-
YEAR'S CROP WORTH
NEARLY FIVE BILLIONS
fcarmera of the United States Pro
duced $4,045,852,000.
"WASHINGTON, Dec. 13. Farmers of
the United States produced crops worth
ll,lJ,S52,O0a this year, from 300,072,000
acres cultivated, as compared with 4,96.
497,000 last year and M.757.45$,000 In 1913.
This "prosperity" statement was issued
today by the Department of Agriculture
with the final crop estimates of 1914.
Tho crop reporting board. Department
of Agriculture, tcAlay made tho following
estimates of the acreage production una
value of crops on December J;
corn Acreage , iw,uw, i;i" ixr"
000 last 5 ear: bushels per acre, lf3.8 In 101. and
2J.i isi
hushela
value 1
In 1014 and (l.eu2.002,000 last year,
"winter Wheat-Acreage In ,11)14. 30,008,000,
and last year, 31.U0U.b0o: yield per acra thla
year It) Duaueis, laai year iu.a; tola produc
tion In UU), IP4.M)0,000 bushela, nnd In 10 U,
323,3111.000 buahels: value December 1, 0S.S
cents per husheli In 1013, 62.11 cents. Total
value In 1014, $075, 023.000. and In 1013. M4J.
01(3.000, Spring Whcat-1014 acreage. 17,333.000; Utt
rear. 1S,4S3,00; tteld per acre in 1U14. 11.8
bushels'. In 1013, 13 bushels. Total production
In 11)14, 200.027,000 Luahels. In 1013. 230.811),
000 Value. December 1. 1)8.6 cents psr bushel;
1U13, 7K.4 cents per bushel. Total value, 11) '4.
f2ai.0S7.O0O: lt)LV417i).127,0OO.
All Vheat-10i4 acreage. 63,111.000: 1013.
50.194,000. Yield, per acre, 1014, ln.0 bushela;
1013, 13.2 bushela. Total production, 1014,
MU,017.(IOO buihals; 1013, 703.(80,000 bushela.
Prlca December 1. CS.0 cent per buahet; lu IX
70.t centa. Total value, ion, t$78,tl80,000;
WIS. IdlO.122.OuO.
nata. Acraga 1011. Ss.442.0CO; 1013. 38.300,
000; yield, 211.7 bushels per acre. 1913. W.S
bushels. Total production. L141.oe0.fl0o
bushels, 1013. 1.121, 76S.OU0. PrUa December
1. 43.g rents per buihels, 1913, 39 2 centa
Total value. 1100.411 COO: 1013. li33.Bnd.OO0.
llarlsr Acreage. T.&O3.000 101.1. 7 4K,0
yield. 25. bushels Pr acra, 1013. 2S N bushel.
Wtal production. larnsfooo-. ii3, mi&o.ooo
Price Dacembar 1 W-8 cents per bushel: 1013
ti.1 cents. Total value. 0o,SOa.lKM. 1913
''"-Acrags. 2.541.000 WIS. SaeT.OOt,.
ytild, 10 S busbala psr acre. 1013, 30,1 byvhsla
Totai prluoilon. 43.770,000 lrfu. 43.4eLO0O
buahels, Prioe becember 1. 4.3 cents ptr
bushel. 1913. 03 4 centa
ooo inn. .aai.ouo. .
Value of all Important cropa was as follow
Oorn-2 7tB,eO4.00O bualtafs. worth 4L7G2
SUO.OOO. as core pared with 2.44043.000 busbala,
fcortit l,&2.00irO0O laet year.
vv neat eui.utf.ijuu uuanti wwvm ..,.
IOO. agaliut TUH.ow.uuo ouaueis.
jzs.oou
lata
L asi
666.000.
Total value, 7.01S.-
worth lUtO,-
rS.000 last year,
oita-1.14l.o5o,dOO buahale, worth 1499 491,-
ooo. ai'nst'l,lit,TtS.0LO biuhalj, worth 1
::
Potatota tOS.d21.O0a busbsls. worth llOB.egO.-
alniK sai.aw.wu busbws, worm sjit, -
70071.tWO
000. against
, T0O7I.OiXi taa.
against 01,100.000 Ua vterth T07.Oi)0,
.rth tTT9,
LgpO.
I4
.-suoubr dloi. sMtrnt u him
lAWl.0o?f, JfM year. ..
an i jm '
,IS.
year.
tatoBHifwyut gk4tto
, KHW '(U-
pevsAs, wortb
La lea. was-tli
bl, north
mMm
BAB SJLVEtt
In Londao today bar Mirer aa quoted si
at pcrue ff Ha MH Kf Vorlt comias,-.
rial Wr sllwr was 4U44 csnis o,t "i
Ready or Iirimediate
INVESTMENT
The Guaranteed
MORTGAGE
PhiliwWipiu Company for
Guamnteseing Mortgaga
fMH. tlf:l I'UlA
jfW ff 3ti itircS?
dtitttter TM TM T.
nr4ii.11