Exaa
EVENING LEDGER PHILADELPHIA, MONDAY, DECEMBER 21, 1914.
(
13
i
TRADE TROUBLE
RUMORS CAUSED
I PRICES TO DROP
Reports of Difficulties in
Mercantile Business Re
sulted in Sharp Turn
Downward New Low
for Steel.
NEW YORK. Dee. 2l.-Aocompanled by
rumors ot dlmcultlcs In the mcrcnntlto
trade, a sharp decline In stock prices sot
In In tho lato nftcrnoon, driving prices to
tho lowest point of tho day. Closing
prices were from to 4tf points below
tho Inst on Saturday. Tho markot
tliroiiRhout tho dny was weak nnd dull,
tho decision of tho Pennsylvania Public
Service Commission In reducing tho trans
portation onargo on anthracite coal to
Philadelphia by 40 cents n ton having
caused prlccH to drop dt tho opening.
' Another thing which drove prices down
tfos the fact that tho Intcrslnto Com
merce Commission has Investigated the
reasonableness of 'anthracite rates In
lnterstp.to business from tho mines In
Pennsylvania to Now York city, and tho
penornl belief In tho street was that the
Commission would order a reduction. Tho
fact that tho Pennsylvania Commission
had already taken this action fore
shadowed similar action by tho Federal
Hoard, many pcoplo argued.
, Of tho railroad list. Heading was the
weakest Isbuc, closing at HI, down 3
points from Saturday. Lehigh Valley was
- oft 1H at Iffltt. Pennsylvania A at 107, Now
Haven ITi at 07, Canadian Pnclflc 2 at
Tho rumors of troubles In tho mercan
tile trade had marked effect on Scars Roe-
buck, which closed 4',4 down from Sat
urday. United States Steel common made
m now Iow record for tho present movc
. ment at 40U. ort IK from Saturday. Tho
minimum price for this stock Is 43.
Tho weakness extended to the copper
shares, bringing Amalgamated down 1
point to 63, Utah 1 to 47?i and American
."Smelting 1U to G7SS. In the face of this
general weakness, Illinois Central rose 1
point to 111.
Thd roads directly affected by tho
Pennsylvania State decision aro tho
' Pennsylvania, Reading. Jersey Cen-
. tral, Lehigh Valley and Delaware,
Lackawanna and Western. Whllo
.Lohlgh Valley will suffer more from tho
reduction than tho flooding, because It
' sells-Its coal to tho independently owned
-sales company at the mines nnd tho lat
1 ter would seemingly get tho benefit. It
' ' was pointed out that tho contract be
tween tho Lehigh Valley nnd the Coal
Sales Company can bo terminated at any
tlnle.
On the whole, the decision was not
so great In Its calculable loss to the nn-
thraclte-carrylng roads ns It, was In the
, discouraging effect It had on speculative
sentiment. In many places In tho street
"'lt'Bs Insisted that tho coal roads could
. nullify tho effect of tho decision through
' gains made at tho mines, balancing tho
'. decreases from transportation earnings.
. . 'Officials of coal roads here stato that
the lower coal rates cannot materially
affect the earnings of those companies,
as the ruling will apply only to Phlla-
delphln, and that the shipments there by
rail do not contribute any large propor
tion of the earnings of the coal pro
,','ducerp, and carriers. For this reason It
."is Insisted that the early declines In the
-r.'cpa? ' stooks reflected that exaggerated
fV.Vi j-.The action of the market today In de
clining was more pronounced than tho
"'upward movement on Frldoy, when the
'6 per cent, rate decision was announced,
. showing that adverse news has more of-
fact than favorable news. It was arguod
In pinny places that the market Juat now
Is only finding its equilibrium and that
' any lower levels that may be established
;wll) be followed by good rallies.
.; Preliminary figures of the foreign trade
..'of the rountry In November, Issued to-
day, showed a considerable falling off,
as compared with last year. The ex
" ports during the month showed a de
( crease of J39.773.000 from the same month
-lmt year. The excess of exports over
.Imports was J79.203.000. being Jl8.003.000 less
j'-than last year. The balance In our favor
for 11 months was even smaller, being
": I193.2CO.000, compared with JCI2.231.000 for
"'the same period last year. The stnte
.. .;ment uhowed that considerable gold Is
t still being sent out. The exports of the
tnstal-were J7.S6I.000 nrer than last year.
, , nnd the excess over importh was J7.134.O00,
. against J377.OuO.O0O In November, 1913.
v
MINING STOCK QUOTATIONS
TONOPAH STOCKS.
JIM.
Aeked.
1?
.u
mrtutjer ,
ecNamara
Id way ,
lznah Extension ..
.80
.0(1
,nn
.in
.on
.08
Jontana
Nor Blar
,.n.s
.20
.ns
Tonopah Belmont .
Tonopah intension
Tonorah If freer ...
i Tonopah Mining; ...
.71.7.7
TUscua Eula
West End ,
. aK-
QQLDKIEUD 8TOCKS,
Attanta,
,61
,01
:oI
,04
.12
,M
.m
:8
IS
Tin
.
.15
.32
.04
:Sf
J.47
.Will
u null
.0
,UI
.07
Jieoth
DUIldos
.G. O. D.
uiii
...a...............
Comb Frac .
., ixtmf n n
Daisy .....
..,.,...,,..
...............a
.10
.,..,,.,.,,,, .oa
. ....
..,,.,....... .us
xinrence .
freldrleld Belroont
....,,,,,.
SI
GaleHeM Conssolldated ....,.,..., lU
Sioldtlel Mcrsrer .......,.,..,.,,. ..it
umbo feate-wlon .............. S 1.1-ia
&! .-, ,,, .J I
ro .,.. , .14
Fand Ken 14
Nevada Hill ,.J 30
miscellaneous.
Fairy Aitee 03
Xlmberly ,, OT
Nevada Hill ,, ,,...,,.., .
Nevada W'der, .v 1..1.12
NEW TfOBK CTJBB QUOTATIONS
Bid.
81 .
14
s.
Ak.
19
Tobateo Products pre,
. Aofls. American ..,,..
VtoH BhulOK "...
da nw ,
'Biltlsh-Ajnerloan
ao nsw uooic. .........
Mjx. stotora
I
S' J?' erJ
oaSdpref. ..,,,..
P4vay uu .
Clcsf Storea
liwtman Cor
Ntplsxlni:
xiraaeQ cona
Atlan-K Refining- soil
nhio oi! IBS
punaara jii new xor.
Hand Oil KfW Jny .. -.
1'larie
rrs.rle OU Z....U
tUaudard Oil California.. .',... tX
ar-
LOCAL BID AND ASKEU
lldwln pref
.moria. &ieel
tt atlgraxe
OMiitiaJ Aasnalt ..
ao preferred
Kayttoae Tele . . .
Ltke taupe Co
V v . . .
4 c
J-B V! fr "...
Mil
HU i .
1"IL R.n traj,
t c . . .
.-Jlui;
Tousjjals SeUnaoi
' 'i ffl.-lt
9
"JV4 14K
43
IT IB
T 7J4
7 t
? 6
0 BV1
B'Mima- uum sit ji;
Wiiia Film iQ jS
J.nba tmnslon .. 5T"
.unid Cona IT-IS Itl-IB
Mainttan Tlaaa .. u k
610
1ST
-.-,
. C
m jfA
W 815
8atW0ey TVtay
Bid AlitJ. BkJ. Asiad.
1 iir Ittji W
... 4 4W$ 18 g
'.;:::i: m h s
... 6T1J (W j sM
Urt
'.'..'.W U-W SU4 fig S
t4H 71- 5
ni 7 u r f 4-
L t J
8 S3
ite .!j u-j
NEW YORK STOCK SALES
Sat.Cl. men Loir
A Im o0M Mines 5fi 55 2
mat. Copper.w.a.tt. M f4l4 &3
Am. P.Bimr i... 31H HIM fOM
Am. Can SMf J6M Ji
Am. Cnr&rdr........ 4SM 45 SM
Am. Cotton Oil.. ...... 40 40U 3flU
Am. Hide ft Leather.... 4H W '
Am.Ice f3 ?3
AmLoco..i, 23 24M S3M
Am. Pmellfm? WK tMi Mi
American Smelting pref.100 100 100
Am.Tcl.ftTel 11SW 118 117M
AtcMson mi W n2?
nfltftOhlo... 701 GS!
rtoprcf..... OO'f 0! fO
P'(hRteel 41U 42W 41W
frrelilxn TarM Traniit. mi FoX M!
CanadlanPao 157K 157 15M
Central Leather. 37M 37H ROK
doprtf 100M 10054 100H
Chi A Qt West pref.... 20 29 20
ChlnoCopper 34K 3.1X M
Chej&Ohlo 42M 42H 42K
Chleairo.MII.8t. Paul.. PO SM W
CotorarfoSo 20 20) 20H
doMprcf 20 20
Ktle 22 22! 22
dolatpref 3M.aV 35
nisllllfrsBec. J2M 12S4" 123f
nclftHudson ...142 142 142
Dnrcr 8nd Itlo Grand. 5)t 0 6
dopref 10K OVi M
Ocncral Chemical 107 107
Oenoral inectrlc 140 140)f W(
General Motor SOIf 81 81
Goodrich Co 2I) 2iM 24J-4
OreatNorihcrn 115 114U 113
GuKcenhclm 4.1H 4t'. 45U
ItarvestefMJ 80M 00K OOJf
III Central 110 111W 110
Interboro-Metropolltan. 12K 12U 12W
International Paper. .. . 8H 8 8
Kansas City Southern.. 22M 21U' 21M
doprof .'.. 57 57
Lehigh Valley 13 1 W 131 132
Uscet & M pref 113Jf mil 113U
Mercantile Marino Ill
Mexican rctrollum.... 61 52 61
Minneapolis & 8t. Loult 11 10U 10U
Missouri Pacific. lOJi 105 10!f
NeradaCon 12U 12H 12
N. Y.. N. 11. & n. 68H 68M 57
New York Cn 84 84 825
N. Y O. & West 22. 21 21
Northern Paclflc. 101 100H 0t)M
Penna. 107M 107M 107
People's Oaa 117M HOH 110
Pittsburgh Coal
dopref At 81 81
Pressed Steel Car 30 36 30"4
Pullman Co 150 131 150H
Railway Stcol Spring... 23'i B3W 23M
nay Cons 10'i 10 15H
Heading 147 140 143H
Itepublle Iron & Steel... ID'i l!Hf 10
dopref 76 753i 76
Rock Island ... U( IK IK
idopref 2U 2K 2ii
Ecars Roebuck 180 1S15S 181H
doprer 121 121 121
Bol'acinc 84K 84!f 83U
do tr OSJf 05f U5J
Southern Railway 10 10)! 10s
Studebakcr 33 32H 3U
dopref 87 S0M 885i"
Tenncfce Coppor. 32H 311i 31)4
Third Arenuo 30M 36M 35M
Toledo St L & W pref .. 65i 5 5
Union Paclflc 117W 117 HOW
dopref 79' 70 70
UnlonPacWar 28 27M 27U
U.S. Rubber. 51U' C3'i 63H
dolstpref 103 102K 102
United Cigar Mfg 42 41K -41U
USSteel 50'i 60U 40i
dopref 105JJ 104Vf 104
Utah Copper "48U 48K 47)f
Western Union tSH 673( bill
Westlnghouse Elec CiU t8)i 07
Wheeling & Lake Krle... 2H 25 i 2!i
Woolworth P2K 00U 00
Total Ulei, 100.S00 aharei.
CI0M
2l
53
P0
24?(
45M
30U
AH
23
23M
mi
100
117K
P2JJ
(a
oo
4?W
MH
15W4
37U
100W
20
Xtti
42J4
(Mi
20k
20
22
35M
12
142
ft
fW
lf.7
110H
81
2W1
113
45'
P0?J
1UK
12U
8
21!f
57
133M
113
1
52
10U
10
12
57
83
21
00H
107
110
81
30K
151
23
15
144
10U
75
m
2i(
181H
121
&1
05J
10H
31K
SOW
31M
35H
6
11GH
79
27?f
53M
102
41H
49X
104 M
47Ji
b7i(
07
-. 2Ji
00
NEW YORK BOND SALES
High.
S00O Adama Express 4a.... SOU
Low. Close.
86U SOU
Slli 841.4
10214 102'a
0714 0714
IWVt OOVi
oov, ooyt
87 14 87U
03i 05J4
0; I07i
81K 81H
024i 02
ViU U4J,
8IU blU
87), OS,
814, 83ir,
Uili lb
UOlI U7
4000 Amer Ire deb t!a
3TO0O Amer Smelt Sec Oa,
1000 Amtr Tobac 4a....
1000 Armour Co 4Hs....
1000 Amer DM Tel 4...
1000 Amer Tel ell 4a....
.102Ji
. 0714
,. 0014
. won
. H7U
. 03Ti
. Ul!
. S1K
. 03
. U3
3JO0O do CM lYji
l'-XfJ Atchison gen
11000 uo udj -is .
BOOO da cv 4a ..
1000 do ev 4 Ha .
4a
MMX) Halt & Ohio cv 4 Ha
h
wu iuii at u own aja
St O Hun 3Ua ... Mi
Steel rfd 6a.... HW,
Itap Tr Ss 10t8 liS ,
Un Klv lat Sa,. u-.ij
isww item Hicei
luou tirooK
4uoo lirook
KuuUCent Leather lat ba,. Ml
touu Cent 1'ac lat
hUtl
Wti !.
S0OU Cent Ueor la...,,.
UKX) Cliej & (Hi crt 4Ka
1Q0O Chea & Ohio 414a. .
1W.0 Clit C West 4s,..,
II Oil Chi At Nwn Ss
4CO0 Clil Nwn 31ja. ..
AUOO Ctli k'Nwn cu Sa.
4SIOO Chi II t O li
. ..-'U'.S
.lOOi, llHi 1VUU
: li hi IW,
l.'Si.
turn tis.A
.101
. 7bK
101 101
SJi "(SS
h.)
hU
OIH
81
IHJ14
81
on;
0o4
ckaki cm u & w aen is. ... ea-,
:. :i:: ... . r---1- -- .,..,
Ul
HIKIO Chi It t B 1' cvt 4Hs HUH
l'JOO Chi 11 i U lit 4a.,.. 04
Homo Chi It I & P col 4s.. 2.1'i
127W0 Con A cv w I 11
1000 Den & llto Ur 4a.,,,. 77
sOuil D'a fjecur Corp Ba, , , . MYt
100U llul'ont Powd 41is ., &'A
wu Ka.t T V & Q con 6s.lUTl)
2000 Erie gen lien 4a....... till,
1GOOO Krlu conv 4a ser A,., l
90UO Krie conv, 4s "or 14.,,, US
4SOOO Ruggriihelm ti 48
3o00 Itud ft Man Ba .,,,. . l
lltuo.liUerli.Met 4 Ha..,,,., 74(4
"tOOO Interb IlTTel 5 0S
lluuo Inter Met Mar Ma... SO
.'514
"14
,S7 n"
KlW !vlU
1UJ 1UJK
IIA
1',.'
44O00 lnd Alrohol Ss , 0OH
1UK) lowa i.-enirai ji...... .u
I4Xsi Japanese new 4Us..., 7H1
llOO ICCflBillli..,. 6Sl
l)(0 Lacka Steel Sa IBIS.. 00
1(.(J ltka Steel Sa 1023. . VO
i'OOu I.ch Val 4V4 1UU
.10011 I.li & M TBI..' 10b
liHNi iiniiara ia ..,..iyYA
Ziiio aiuwauure r:ie ci oa..nJS
um sunn & ct t. is.
01.0 do Ss
.V.O Mo Kan & T 4s
42000 Mo I'ac 4a
41410 da tin
87000 do cv Sa ... .......
lDOii N V Can im 4U.S 1002.
1000 N Y City 3Ha 10G4.... B4'
MXXl da 4. iiut
1C0O do 4 1048.........
4000 do 4Hs May 1057..
70OO do ret 4U
S0CO dp 4Ua 1003 ....
BOO N f.Nll H 6a...
lhoo N Y II wy 4s
1IH& 11
ictHiSir
iip IV J
&KVJ do Ss S0i
SOJi SO'
0441 Ut
8 M
iroo n y Tei gen Hj...,. at
8I0OO Nor J'ac prior 4s etf
aoa woti a weal .... na
loon Koi-f i. West gen 6a. .110
imS; N'nif. A West Poea 4s S3
lib im
bll fell
SOPO Ore It A N con 4a. . . 01 M
01
0000 PutlU ejery N J 5s. . Wl
zOial liar Can Copper e..,lfn
mxxi Jlqmi ceo s . . . . un
RWl PannA . ev SUs DOt
HiOQ Vtepbb Cub Sa IW
2S00O lUPfc Island 6a, .. .
tacVl Hok Island rid 4a...
ao ae I.
t l 1 M - So if..
.i'i-;"i "4
at nai as upse
uih Pae ov ...
da cy ret ( D it 1H4. Wit
da rfd 4a ... 81 J
y ? ew
o cv ti.
Ave la...
An aJl it
r -. 19
I.
rfc:::
1 TTtuaa
e. .
lat
Va. Car
k va. itwy am... .
1 vatfeSU .v.
1 waaz mu ask u
1YMt liHO'
wwitiTri.ji'4i'.
Total Va4s,
I. iltHK.W
DIVIDiSNDS DBOLABED
Tka CUOMO 1U11 way EnuljWBsai
rtttiiiar wmiiw v i v
Ji.JAaauT and X.uU Rj
air cent, psjabia nsimbcr
laaerd TPoJoisr 10 rot
WM OsuO oti lu- Lul uivu
Hill -a4 a.auylLUJ
f-AMIMttW
atoclfcf t5c4 .!: 'ffl
Vm 19' l o.. 0
A naftcaa
o J
JUI
Irt!
iftssst Cksaacasur. m.
utar ausVUriv
,
11. riar Saol u, nVWl.v-rZI
Br'.bU Jauiiir,
1 to atrck ad ew.vknt rSk'
rta,,if !
TTital HUi ici &4-6(ltUl
fie.lttV J. DBf .st.E jaslk4t'
Vi
!H1A i
tt 46,f
2Hx 21
7411 741
oai
SO 30
U04i IK'ii
ti a5t aire
8 70 7j
15 iay twi,
vu uu
OU l
ua 193
10U 100
a i1
4), t 43!.
W W) W)
711 711 . 711
43 41 ' 4.1
lotm nw ioo;
42f 41 42i;
B4U 8!V? 8uj
y.ly UBV4 VtVi
, osii gi! iiS t
.104 llBC 104
.101(4
..102
. Jl(k 711 T1U
u soz sot:
E 0447 ut
ta eu, huw
1 cm 0114
t. AT Ml!
f isr m$ Mffi
I M m.
? -& M wx&FS&
"i JViN lllli
LEHIGH NAVIGATION
BENEFITED BY
NEW GOAL RATE
Other Anthracite Shares
Only Lightly Sold on the
Philadelphia Exchange.
Market ExcCedinglyQuiet
The chlJf topic of discussion nbput th
llnnnclal district In Philadelphia tod.iy
Was tho latest nctloh on tho part of tho
Stato Public Service Commission In the
establishing of freight rntcs on anthracite
coal. The 40-cent cut naturally affects all
tho rnllronils entering this cits', tho se
curities of which are largely held by
clllr.cn of this Commonwealth.
Thero was, howovcr, less selling of Le
high Valley, Heading, Pennsylvania, etc.,
than might have been oxpected. During
tho first hour only 12 shares of I.chlgli
Valley nppearcil on the local tnpe, "0
shares Of Pennsylvania nnd 53 shares of
rtoatllng. A modornto amount of Lehigh
Navigation certificates changed hands at
a fractional advance.
The rise in Navlgatlin may bo attributed
to tho fact that as a railway tho com
pany does not enter this city and Is
therefore not unswcrablo to tho new rul
ing, except that tho reduction In carrying
charges should Indirectly help Hh bilsl
iness as a producer of anthracite. Key
stone Tclephono preferred moved up a
fraction, and Cambria Steel displayed
some activity around and below 43. United
Gas hardened slightly. Tho local market
as a whole remained almost stagnant
throughout the day.
In tho afternoon Lohlgh Valley IrM over
2 points on snnll sales. Heading and
Pennsylvania wcro relatively steadier. U.
S. Steel weakened, In sympathy with Its
Now York quotation, declining U4, On
the other hand, Union Traction moved up.
Tim close was dull.
Trading In bonds was quiet except for
somo uddltlonal sales of Interstate Rail
ways 4s "under tho rule:" Four thousand
of these changod hands nt 5014, This is
understood to about clean up tho Lclber
holdings of securities listed on tho local
exchange.
Heading 4s moved up on light sales to
02 nnd Philadelphia Electric 6s also
showed firmness.
Thero was llttlo or no change In the
money rltuatlon In this city. Call nnd
time funds were readily obtainable ond
rates were about tho same na ruled last
-week dcsplto tho rather heavy loss In
surplus reserves reported by tho banks
In their stntement. today. Loans only
increased $291,000, notwithstanding the In
creased activity shown In tho stock mar
ket hero last week.
LOCAL STOCK AND BOND SALES
Sat. close High. I.ow Clow
at uaiil loo pr. ..102H mi'-ii ur-' hkt
447 Cum Steel 1 4.1
40 Klco Stor 401J 4SV4
20 Gen Asp pf... OS (IS
130 Key Tel I o pf 0!4 ill)
10 Lehlch Nav 7R 7sl!
4Slt
OS
lllli
-RlJ
7v
IW
mis
IX
SB
loo do t c 7S 7KV4
uj inisii vai ... inu in
(17m my nwi
1 1-10 Mi M
n nr M
IHH
lit
iinj nortnern lent.. n
422 lVnn.i II II.. Ml.:
IS rmnn Sult'fil
11.1 ll.
VO
no Vhllit It T t c,
sn Iteadlnir ..
2 Tonoiiuti Hoi..
.Tit Tonopah Jiln,
en Union Pacific.
Ill t'nlon Trad..,
.12 l'nltnl 0 1...
C.7.T It S Steol
n
ii ii if .'
IV
Ti
7V
llll
40
Mil
4nii
II)
s
inn
40
Hi
m
WllJ
8
8!i
Ill AVnrlck I & H. 10
10 'York nwv. ..... 8'J
Total mice. 2,701 sharra.
UONDS.
SaturdRy
close. High,
Strton Am a K Ss.. nik tuU
111 Cam Steel aop. (171J 071i
Kl0 K fc I' Tr 4.... 711 70
4lKtItitert Tlwy 4a sni4 .VI14
4S I'hlla Co acn... 01 111
:) 1hlla Rleo ia..liu; 1011
.1000 Heading gon 4a. 02i OiV
JIKiO 8nan-Am Ir fl.10ft)S 1W
ZOQO York n lat 5a. Ot , 01
tHold under rule.
Total sales, $13.S7.'.
Low. Clone.
s
411
101
HALF HOURLY SALES
10 to 10.30 A. M. -
2 Cam Steel... 1TO
5.1 Penna MK
CO n B steel.... wiu
(1 J O -I .-K2',
SO tr H Steel noli
IS ReadlnE 7'tiJ
10 War I & S.. 10
II' O I W4
14 ir a 1
Klli
.1 renna
1. Reading ..
11) U H Blcel..
10 do
2iO do
100 Cam Steel.
8011
M)I
4:1
BO Penna vt 13-10
11 Tonopuli inn.
SO do
"ft
10.30 to 11 A. M.
fa IleadlnK ...
1 do
10 U O I
13 Leh Valley.
n
77
82'.
1.10 Key Tel pfd. fltW
100 I.eh Nav t e. 781J
in uen jst pia. i
1WV4 S I.eh Nav,
7814
BONDS.
tJIOOn Interstate Itwy 4s.
"l0 I'hlla Klec 3a
inno JleadlnB sen 4s...,
. b2j;
yaoiu unuer ruie, t
11 to 11.30 A. M.
M Tonorah Mln. 7i SO do
on I'n Paeine...1tltV 10 II a Steel,...
A rtal.luln pfd. 1H241 EO I'cnna
8 I.eh Valley., nnv, mo North Cent,.
10 Penna , MS 10, York tlwy...
SIU
BONDS
inrotlnteratate Tlwy 4s..
Vtt Phlla Elec 3s
0CO Rcadins gen 4s,...
MH
, 1"Ot
' 02J
fSotd under rule,
11.30 A. M. to 12 M.
S Penna
T do,.
, Mtt 10 Union Trao..
. MS
BOND3,
icon Bnanlih Amerlean Iron 6a...
1000 tlnceretate Itwy 4s
tSolJ endtr rule. t
18 to 12,30 P. M.
-.r.'Soli
1 Tteadlnc
TtV. SO Cam Steel... 42V.
2 l'enna MR 1 Penna ...... anw
5
Ien rar 19 u ""
BONDS.
S00iYork Ilwy IH 5a 81
12.30 to 1 F. M.
5 Baldwin p'l.i9sM
11 Penna t;...fpK
IS Cam Steel... 43
1 to 1,30 P. M.
JO I.eh Valley
in II S Steal..
10 II S Steel
. sot:
jiu Ton
Tonanah Mln. 741
ft PeAnA ....U13.1'
SO l'enna ,,.,53 13,1a
RJl An CI 1R.1H
. . 'BONDS.
1000
Am Gas & Mn 5s,, ,
te1K.r,&.?!:::::::::;;:::l
V
1.30 to a V, M.
68 SO U S Stel.
505
3 to 2.30 P, M.
U
US lUHf. BnS. im II B fUal att 10
1MK flaru 4K Psbda apsj. av da so
I 8K 846 11 sUa ,K,IK 10 Us 4,4, Ugtat
S ? Si? T SiSSS 1HV 8 Baldwin nd.lfisH: IhWH
51 iSfutXf: Sli1,S!tii:::la "8 W 8V:: p iLS!
IP apt pi-r'vk)if :: m, s oI..,:: Hu
tJh S K 1BP" iBeW
Sz ' t& ibiu cm iifS. .'.::;: : '.'."sr s
:f 13 OB .MW tlaulMilB- sr-AB " UA1 VrVBAlT
::::s a1 a & a o.. w . .
;;.. h K S ut Kmc & na) 'rr 4t to HHeK
. SO Un . o an t o x tit azejzr
W m tk l5 L'oloa Tru. . 9 do. illlU
Msii.fii m
OBBwaar Ka-41lHui WP
te-. wnuut im- wownB, "-
;iii2Tzr a wcwb MMi tea. mu
raAV m " mmt mm "
tiff 3 fifoUi. " "
Jteyw JUUioaa uuvjj.m(W jsujkiUK
jaamaiT is) ta ,....
Kl ea-r-., .. !' .&. . " SS,
H ..9I HajSHS'" ft. W WS
fi1"? 'wpp ....., vena 4,n
rwwnia n, c'imssiw Ml S
,D.u ip- , nauaw. in I sunn
lj,ttsut c 3s. itSput;. 4 t alaiifiut.
' 3 Ti vl His, i.a4rtt Mft I I if
a ,r l-.lt ? m S8.1 I
Photo, by Gyntekunat.
EFFINGHAM B. MORRIS
Re-elected president of the Glrard
Trust Company at the' annual
meeting today.
E. B. MORRIS AGAIN CHOSEN
GjRARD TRUST PRESIDENT
Other Officers Also Ite-oloctcd at
Annual Meeting.
UfTlnghain 11. Morris wns ngaln chosen
president of tho Glrurtl Trust Company
nt tho nmuinl meetlnir ot the stocltliolderii
today. The other ofllcer's wcro re-elected J
ns follows! vlco presidents, llllam in.
i:iy, Albert A. Jackson nnd 35. 9. I'nge;
treasurer, Gcorso II. Btunrt, '3d: Eecre
tary, Snmucl W. Storrla; itaslstant treas
urer. Thomas S. Hopklfts. Tlic followlnp;
manaccrs. tthoso term of odlco expired,
wcro re-elected for four years. Kdward
J. Ilcnvlnd, Kandall MorRan. Ktlwnrrt T,
Stotesbury, Henry B. Co)!o and Ednar C.
Felton.
Tho annual report submitted to the
ntockholdcra showed prolltsfor tho year
endinp; November 30, 1014, of $1,076,792.
The usual contribution of $10,000 was
made to the employes' pension fund;
$900,000 was distributed In dividends nnd
tho balance, amounting to $166,702, wai
carried Into tho general undivided profits
account.
Durlpg this year of business depression
in tho United States nnd general war In
Europe, and In oceordancc with tho es
tablished policy, this has been recognized
by reducing tho book value of tho In
vestments by marking them down on nn
avornge about G points. Upon the total
sum, nbdut $15,003,000, at which they stood
charged, this adjustment amounts to $1,
029,783. The undivided profits account stood on
November 30, 1911, at $1,137,619". 'The cap
ital and surplus remain unchanged at
$2,500,000 and $7,MO,000, respectively. Tho
average of Interest rates secured on col
lateral loanflMn tho banking department
hus been' 4.91 per cent., against '5.01 per
cent, last year.
The total number of accounts In tho
trust department Is now 2191, un Increase
of 16 during, tho year, of a total ap
proximate value of $171,000,000, exclusive
of certain temporary trusts, against $15.1,
000,000 last year. The number of deposit
accounts subject to check Is 152$.
Tho company was appointed trustee,
registrar, and In other fiduciary capacities
In 13 additional corporate matters durln?
the year, representing Issues of $11,000,000
ot securities, making the iircnont net total
of such Issues over 51,500,OM,iJ.
BANK SURPLUS REDUCED
Philadelphia Institutions Report
Loss of Over Three Millions.
Tlia weekly KlnUineiU of the local clearing
house bunks shonvd a loss of $.J,0&S,uOO In sur-
nitis revenues todah.
Denoslta Increased and so did the loans.
Tho
details' and comparisons rouow:
I3or. 21. 'It. Increase,
Loans .D7,mo.OiJO $3,l,
Deposits find) 3lj.770.oon 7i.m
circulation li.usn.ooo 2ii,ih
Due from banks nj.o.t.1.000 - 2.:i7'l,000
Dfposlle of banks Hfl.tn0.OiM 1.120,0i
Kuchiixc Cler'g House 13.00t.ii00 Isl.Ort)
Itesert held 71 :i17i(KV) M.VSI.UiO
Iteserva required M,4OO.0flci mti.OOo
Surplus 18.1137.000 OSV'"0
tiurplua, under old form: December 22. 1013,
n.078.OOi): December -1. 1012, ft 8M,00: De
cember 2(1. 1UI1. 8,t27.750: December 11), 010.
$3.,80.75i; December 20, IW), $5,101,230.
Decrcase,
MORE COTTON GINNED
WASHINGTON, Dec. 21.-A report to
day Issued by the Census Bureau shows
13.977.1S9 bales of cotton, counting round
as half bales, ginned from the growth ot
1914 to December 13, compared with 12,
027.423 for 1SU and 12,439,036 for 1912. Round
baled included this year are 42,790, com
pared with 31.2Sii for 1913 and 75.772 for
1912. Sea Island Included 71.4SS for 191U
69.520 for 1913 and 60.415 for 1912.
Tha report by
States follows:
ion.
, I.S73.1SI
, 801.277
2.432.7UO
. 413..W1
1,083,002
78HOT3
1.0IW.S08
1,328.303
, .T1D.S1S
.: 3.873.111
1013.
1,111.212
81,0711
2.2 1.1.31 US
SOl.tll
l,OSl,M)
70S..11IS
7RU.7S2
1.2711 IS
.ttO.IW.1
3,027,1110
Alabama
Arkansas
O core U ........
lxiulslana
Mississippi ....
North Carolina,
Oklahoma
South Carolina
Tennessee
Texas
COTTON CLOSED FIRM
NEW YOnK, Deo, 21.-After selling
about 2 to 6 points net lower, the cotton
market steadied on very much the earns
sort of buying as that In evidence to
ward the close of last week, Jlousea
with foreign connections seemed to be
in the market for May and later months,
while thero waff some trade buying of
March, and a scattering Investment de
mand also was In 'evidence. ActiYe po
sitions sold back to about a shade over
Saturday's closing figures. In the after
noon closing unchanged to 7 points higher.
Baturday's
class.
Upn.
Heeember
January
...7.13
'.'.'.'.7'Si
7.1!
7?13
T.28
7.87
7.75
7.01
a.:o
Low. Clow
7.00 flS
7.2'i 7 2s
7 48 7.57
7 KA 7.73
7.1 7.01
8,08 8.1U
7.2S
7 48
7.1(8
T8B
8.14
aiarcn
iJjiy ......
'7L'
.7.
1.11
uiooer . .
Boot, 7.40.
.8.14
, POBEIQN TBADE PALLS OPP
Exports for November Nearly Porty
MilUona Less Than Last Year,
According to tho preliminary figures of
the total value of exports an4 Imports
(or November and for 11 month, the
country's foreign trade fell off badly, ex
ports for November alona showing a de
crease of ,T7S,0.
The excess of exports was tT9.W9.000,
agalmt W.JW.OOO la November. 1MJ. Th
details follow with (000) omitted:
MCllAV018af.
2
MevNnber .l?li
IS Ti
of exDorta.
sMsr- . . . .
s .mm mm m
S4 "SMiw. ; shs.ssh 4l,vaTk
OOLO JJWWUUiIYE OF ORB.
Nveber
1 '
IBIS
ia , -
4a
4.4T4
u of Impacts .
2,11
41
7S
M,b
'tfi
4S
X expoiu. J
81LYIAK aVCQMMUVsl OT CMtB.
XavMabar
Ill
Of aHa.
i m
of exparts.
tlUasM of itttxtft.
BMM4 of Mpeita.
FOREIGN BXOHAXeUS HARKST
MJBW YOBIC, B. .-ta , eaUy traelBs u
t . Ifll 'Be w. ilsj s tmmAmm. Wnk
tha arwrnoea ih sreak t-nJonj u. to
wg'vi.'Sttrsiffii
stark,
4 -H'
,re, eie.
1 e i, sui i-aj-i sterttes:
SPECULATORS BUSY
IN WHEAT MARKET
AT CHICAGO TODAY
Little Export Business Re
ported Upturn Leads to
Large Profit-taking Sales.
Start Easier.
CH1CAQO, Dec 21.-SpceutatIon In
wheat was heavy today, but llttlo fresh
export business was repotted. Most ot
tho cash houses withdrew alt offers and
0110 concern raised tHo premium He.
neovo the prices prevailing for futures.
Tho upturn led to large proflHaklng
sales, which caused reactions from tho
best figure's. '
Tho start was a llttlo easier and quite
disappointing, In sympathy with a decline
nt Liverpool. All offerings, however,
wero quickly absorbed nt tlio decllno
Which follow cit to nbout a halt cent
Country offerings ot tho cash article prac
tically ceased. Prices for cash wheat
moved up Sharply . In nil mnrkcts, pat
tlculnrly at Missouri illver. points.
Corn partly followed the strength In
wheat, 'fho weather over the entire
bolt favored heavy feedings. Tho East
ern shipping call was 'modcrnto nnd the
export demand did- not follow the ad
vanced premiums asked by cash handlers.
A large run of corn nrrlvcd hero from
Illinois and mora is expected. Now sales
or consignments wcro limited.
Tho visible supply Increased 3,101,000
bushels tor tho week to 13,326,000 bushels.
Futures closed Vi to ic.
Thero was some hcdglilg of cash oats
by local people, also fair buying of fu
tures by export houses. Export business
was not at all good. The visible supply
decreased Wl.OOO bushels for tho wcok
to 3I.633.fOO bushels. Futures closed c.
lower to He higher.
Provisions wero higher under free buy
ing by loctfl shorts and falryl good ad
ditlonu lo the Investment call. There was
considerable profit taking on tho swells.
Leading futurrH ranged as follows.
Eat.
Open, High. Low. Clono, close,
Whi-nt
l)c.chlbcr
Mny 1.1.V&- 1.2TJ1
July 1.18'. MO.
Corn (now delliery)
tlccemlier .. H4!i M4
May 7nu 7l'J
Jul 7IS 72!4
Oote
December . . 40 40U
May fUi MJ
laird
1.25Ji U.87'1 11,21
TI..-,'
u.istf
LIS
1.18V
lW
SB
70U
71V.
48Jt
S2lj
71&
SB
January
..10.20 10.32
..10.37 10 03
10.17 410 H2
10.33 tlO.tO
10.12
10.32
Aiay . .
ltlti
January
May . .
Pork
January May . .
tlld.
...10 02
10.33
...1S.-10
l'.iO
tAskcd.
10.17
10.10
10.02 tlO.1.1 0.07
10.40 110.47 110.30
18. KO
10.05
18.40 MS 20
18.73 118.07
18 20
18.70
LIVE STOCK QUOTATIONS
CHICAGO, Deo. 21 HOGS Receipts, 50.000
Market steady. Mixed nnd butchers, $n 05577.20;
Rood heavy. $(l IH)7.1S: rough heay, $n.0.1if
11. si- llirht. $U.7IK!7 15. nlits. 5.23il.40; bulk,
f it 0.1R7.1.1. CATTI.U -Hecelnts. 7500: markot
lOffSOe. hlfrher; neetes. 5 1590.5(1; cows nnd
heifers, I.W8 I: stockcrs and (coders. 14 50
tin 03; Tcxans. JWJ7 20; enhea. faWMlRSO.
SlinKP. Hecelnts. 20,000: market 10c, hirher:
native and Western. tl.50B0.ao; lambs, S3.53
U0.10.
LIVE STOCK ItECEIPTS
CHICAaO. Dec. 21. Following are the re
ceipts or live stock at the tarloua centres:
Chicago TO.0OO hogs, 7600 cattle. 20,000
sbeep.
Kansas City 7000 hos;s. 7000 cattle, 7000
sbeep.
Omaha 8700 boss, 150O cattle, 3.100 sheep.
St. Louis 14.0tx) hogs. 3400 cattle, 5000
sheep.
St. Joe 4000 hops. POO cattle. 300 sheep,
Oklahoma City 2000 hOKs. 200 cattlo.
Korth Worth 1800 hoes, 3200 cattle.
Sioux City 4500 hogs. 4500 cattle, 1500 sheep.
BANK OLEAItlNGS
Bank clearings today compared with oorre
.ponding day trtttro year.
Phllada... J2t,Ol7,!HA $21,423,711 $55,473,811
itoston 15,820.382 19,K!3,IX 20.07B.720
New York... 211 200.4(H) 220.011,108 213.0.17,21.1
llaltlmnro .. 4.780,847 fl.134.ni7 0.078,047
8t. 1-OUls... 3,5S7,408 10,044,380 17,5Sl.bOO
BATES rOB MONEY
Call. Time.
Philadelphia 50 4Wn.V
iM)l
n55
New York ..., " r'.,
Tlnslnn n VUl.l. ..
chicaito tmna owno
Mercantile wiper, three to six months: Phil
adelphia, 4V.65 per cent.
Reserve Banks' Discount Bates
Days
30 to 00 to
30 or
less.
... 5
... n
... R
... 0
... .1
... K
:::8
:::SS
00
00
Iloston
New York
I'hllsdelphla ...
rMevel&nu
nwhmond
Atlanta
I'hlraffo ,
Sr. LouIk,
Miiiiieanolla ...
Kansas City ....
Dulles
Ban Francisco ..
at?
Rli
II
H
R
II
a
a
A
n
H
n
11
s
n
R'
514
If'
0
rOWDEB STOCK QUOTATIONS
lild.
Du I'ont International Towder pref. fl.1
Asked,
nil
intern mOHOiesa 1- flc i.nwiii iin;... -,
2!l
57
M
Vi!
8t
12U
102!i
10I
lilt
110
In ram 3.V1
05 I du Pont de Nemoura com.,,. ..157
ilu pref : Si
do 4 1-S nr cent bonds M
aleroulea Ponder Co com !??..
do pref 1J1M
do O per cent bonds wt
Atlaa rowder Co,,. 100
do 0 per cent bowls. 01
NEW YORK METAI, MARKET
NBW YOBK, Deo, 21. The metal nut-ant
continued dull and unchanged today. Speller,
5WJC6.70O.; lead. 3.753.S5c; tin. MKfjSiKc:
BANK FAILURE IN LONDON
LONDON, Deo. 21 The flrat bank failure
In London as the result of the ar haa oc
curred. LT1V11 Eiervtce cNins, a iinaiicii iimiiu.
lion of 22 ) ears' standing, baa closed.
4 RISE IN UNITED PROFIT SHARES
NRW YORK. Dec.. Si. Further active
buying of United Profit Sharing was
noted during the day's trading; on the
curb and another record high level was
made for the stocks, which sold up to 1844.
Jumbo Hxtenslon started on a new up
ward movement, sailing as high as 31-12
comparing with Saturday's closing price
of 9K. Chisago and Northwestern 5a when
Uauad were active and fractionally
higher.
Joseph Moore, Jr., Heads Salt Co,
Because of the Indisposition of The,
darn Armstrong, Joseph Moor. Jr.. lias
boon ilwtid preaJdftnt pro tamper of Xke
PennaylvanU Salt MamfaotUJfi4r Qmn
pany, ArtUiur H. Btee wag wadt viee
jkftaiMt atd traaatirar ad U A. ae04h
aMtatant treaiwrer.
Haavy $hipnat8 at Ceel
WASIUNOirON. D4ML H.-A, total of
tlJM.m totVs of ooal &tH at IssVMvW.
ww hlpe4 trew tin wiisisnad iwrtf at
tha IMM Sstatos to tpv ImsU rtur W,
tba Dsjfmrtment 01 iMsBsnoyoe taoay
P0ftd. This W4M4 too laVr&NK 4M
xcaat to IMS.
Ot tola total lS.t4.uaO too went to tot
e4apB cuuatrias; 7,U.U taevs wero ut 00
vessels eagaged in tho foreiga tr4o ter
uao as fuel and itJ.W 40041 went to Hawaii
SOd Porto Rico.
Sine Ue outbraa ot tho war. tt baa
booooao IsLrgo auMrksi for Awertcoa coal,
a total 9t 144,141 toa)s) golas thero to too
four sutfctJui vusd wUU Cwtooor. Vote
wa oouWn ia litf urns far th ptrtotl toot
yuc SasOTW Q sait. ArttwiMlaa
li.4 4 I'onniH aiu were Jp.cfoa
Philadelphia Markets
GRAIN AND FLOOR
IVlinAT. ItecelptB 872,781 bush. There
wa a fair eitpotl demand and with etronxef
outside Advice prlctn further advanced 3e.
Quotations: Car lots. In export elevator No.
2 red. spot and Ueeember, $1.2fri,87Wt No,
2 rd IVestem, ll.30el.03i No. 1 Northern
Duluth. I.3ljrl..lO.
COI1N. Itprelpls C520 bunh. Bupplles
fre email and prices wero sicaln jic. hlsner
nlth n fair local Inquiry. Quotations: Car
lots for local IrAde, as lo loctln-No. 2
Sellow, new, 7S71iic.! steamer yellow, new,
1Wtnc: No. .1 relic w, new, 708?i)Hc,l sam
ple yellow, new, OOHBOOci new cod, per 70
lb.. eo'eo8Hc.
. OATS. necclnla 17,051 hueh. , The mar
ket advanced &e with demand absorbing
the tlmlled ofTerlnxa of ileelrable stocks. Quota
tions: No, 2 white, n.Hi.Vi'y- . standard white,
04ft4Ue.; No. 3 white. M(file.
IIVK. Pcarce nnd 1c hirher. with dej
mand equal to the offerlnRSi Quotations, 11.00
01 18 per bushel, aa to nuality and lojejlpn.
.FLOCK Ueceipts. 1030 bble.and 860,000
Itis. In sacka. Mill limits well malnta ned, but
trade quiet. Quotations per 198 lbs., In wood.
Winter clear, I4.85S5: do., stralaht, $5.15
5.151 do., patent, ffi.SOe.l.N: Kansas, straijht.
Jute sackai 5 25a3.Wi do., patent, Jute utUi
5 60?8 7fl! spring;, first, clear. MffWOS do-t
orlte brands. in.l.ian.W: city mill, choice and
faiiev natsnt. it.i.io.50! cllv mills, regular
pradM-winter, clear. l 851! do., atralgnt,
ta.iKm.:.is
patent, 5B0fl5.81.
11YK l'lxililt in small supplynnfl nrm.
but quiet,
net u'a miAtn tiAarov ana uw.cih,
tiuota nearby and
tooa,
At $0170 50.
PROVISIONS
.Trade slow nnd prices without Imwrjfnl
ehnnse. Quotntlona: City beof. In sets, smoked
and alr-drled, 28329C.1 do., Western, In sets.
smoKen, zsffaie.) no., riiy, n"'ii"i". 3V"
fnnrlA-a .Mnb.yl . m.1 al.,lrfd. 2VIWO0C, 1 00,
n
JVistern, knuckles nnd tenders, smoked. ji
aoc.: do. Imn, 1:14; pork. 'miV!?,1iv'
?i.'"nii, R r'cured. fcose. WfJJH 'ft;
'A n
$23.f.0ff
KfSa. ?i
innca, loonc, Mri'i'&c,; no
loose. 1.1f?in&c,
thfr hnr.m. m
do.,
pile.; other bams, smoked, city )i !" '"
brand nnd ncraKr. 14H15c,i do., boiled, bone-
!( nfMlll- .( .t.n. .(.aiiMcm ft
loose. HV.illlHc do., smoked. 12WM.-'?:
- ; .'. "
bellies. n p
Ickfe, arcordlns; to avcraRf. loo'c.
14Uirri5r. hreskrast hsenf.
lO UIKHU ......
,.... ,'o,ni .,'.!. T;r.. nnid. tierces,
n,-n .. ....( IV.MIlfl ,1n..
western
unimc.i do, do., do., tubs. ilniiVSv.wS-.
pure city, kettle rendered, in tierces. 110U1C
do., do., do.. In tubs, lUUtUc
REFINED SUGARS
The market steudv. but trade quiet.
nners' list prices: btanilanl aranulnted
r.
lino rranulntcd, 4.06c; powdered, 5 ov.iron-
fcctlonera" A. 4.85c
BOH TOUCB, .vm."ww
DAIRY PRODUCTS
nrJTTKII. Ilecelpta of fancy aim were
lUht and tho market ruled firm with trado
fulr. Quotations: Western, frejih. solld-pacx-"d.
creamery, fnnry specials, 3Be.t extra. 3c.,
ettrn flrkts. .12B3.1&: tlrsts, 305,110.: '""VI?":
l'028c; ladle.ckcd, 21R"lc. as to qwlltyf
reurliv prints, rancy, .17c; do. average, extra,
.ir.ff.iilc: do., firsts. !l!ff3.lc.: do.. oconda. 288J
30c. Rpeclal fsney brands of prints jobblni at
t244c.
E(141S. Demand .was sufficient to absorb
tho limited onrins of strictly choice fresh
eggs, Milne nf which ruled steady. Quota
tions: In free, cascs, nearby extras, 44c. per
dot., noarby firsts. flZ.no per standard caeo:
Kood nearby current receipts, 112 per standard
case; mixed, held and fresh nnd ordinary
stock. H0.20ffll.10 per case; Western, extra,
firsts. It'j.ftO nr ease; do,, firsts, 12 per case:
Southern, fl 1.404712 per iitse. netrlterator
eggs, choice and fancy fall-packed, 2747300.:
do., spring-packed, ab to quality 21ft2ttc. per
do Tnncy selected rnndled fresh esffa were
jobbed out nt 47(fMie. per dor.
ClinilSK. Quiet, with moderate but
ample offerings at former ratCB. Quotations:
New York, full-cream, earlier receipts choice,
18:.: do., do, current make, choice. J54?lBHc.:
do., do., fair lo wood, HUGl-Olc; do., part
ektms, StflSc.
POULTRY
7.IV1T.- Desirable stock In moderate sup
ply and steady with trade fair. Quota
tions: I'owla, lltJlMc,: old' roosters. IOc.i
spring chickens, according to quality, lOffLli'.i
turkeys. lfllflSc.; exceptional lots. IOc.j ducks,
l'lffl4a; ceese. l:irl.1c; gulneaa. young,
weighing 2 lbs. and over apiece, par pair, lino.:
weighing 1449141 lbs. apiece, per pilr, IW(955c.;
guineas, old, per pnlr, 40c; plgeona, per pair,
lSMlSe.
nitr,8SKD. Demand fair for fine deslra-ble-rlzed
stock, values of which firmly main
tained. Quotations: Turkeys, dry-packed
Kancy, large, nearby. 21C2c.: do.. Western,
21c; average receipts. 17rlUc.; Inferior, l.'U
150.: No. 1 old. 18c. Fowls. 12 to box,
dry-packed, selected heavy, lRlic: welghl'ij
lfe&5 lis. apiece. Wye.; do., 44T41S lbs.
oplecf. 17c : do.. 4 Iba. apiece, W4c,; do..
:iti lbs. apiece. 14013c; do., 3 lbs. and
under, 126j l.li-. ; fowls, bbla.. dry-packed
Western, dry-picked, 4MB5 lbs, apiece.
-o'.sc ; no,, f ids.. iac.; ao., ort ids.
t.c.i ao., a ics, ana unaer, ittiic.;
a
roomers, ary-pickea, l.-c. ; Droning cnickens
Nearby, lWej2 lbs. apiece. 20ta22.: do.,
fair to good. 10ai8c; Western, Unai lbs.
spitce. .-uc. ; ao., rair to goon, nnjitsc. : roast
ing chickens, dry-packed. In Doxes sulk-fed,
18 to 34 lbs. to doz. 22tu123o.: milk-fed. 25 to
20 lbs. to dos., 108310.: corn-fed. IS to 24 lbs.
to dox., 20-Z21c.; corn-fed, S3 to SO lbs. to
do., I88inc. : milk-fed. :u to 30 lbs to doi..
14Hc: milk. fed. 87 to 42 lbs. to doz., .;
milk-fed. 43 to 47 lbs. to doz.. 15Mc. : milk
fed, 48 lbs. to dox.. 17c. r milk-fed. 60 lbs. snd
oer, isc,: corn-ren. ;u to ju lbs. to doz.. iu-$
4214c.; corn-fed. 37 to 42 lbs, to doz., 13UCJ
He. 1
rnrn-rea. 43 to 47 lbs. to dos., Hl(t
15c.: corn-fed. 43 lbs. and over to dox.. 17c.
corn-fed, GO lbs. and over, 18c,; roasting
chickens dry-packed, In bbls. Western, milk
fed, dry-picked, 3 lbs. and over, 17o.; Western,
milk-fed. 4 lbs.. 16c. ; Western, mllk.fed. 3fc
lbs.. 14 Mc. ; Western, mllk-ied. dry-picked,
mixed weights, 14(H14Hc: Western, milk-fed,
244 03 lbs... 14c.: Western, corn-fed, 8 lba. and
ever. 16c. ; Western, corn-fed, 4 lbs., 15c.;
Western, corn-fed, dry-picked, mixed weights,
14c; Western, corn-fed, 3Vj lbs.. 14c.: West
ern. corn-fed, 2U.1 lbs., 13Ho. Spring
ducks, HO 13c. Spring geese. 12ei.1r.
Squabs, per rioxen White, neighing 11 to 13
lbs. ner dozen JLlSfrl.-M: white, weighing 0 to
in lbs. per dozen, girnvrt- white, weighing
8 lbs. per dozen, S2.7.W1; do.. 7 lbs. per
dnxen. J2R2.50: do.. Ctit!',! lbs per dozen, X1.25
Bl 73; dark and No, 2. 60c.4m,
FRESH FRUITS
The market quiet and without Im
portant change. Quotations: Apples. I-few
York, per bbl. King. 2 75fi3.on. Haldwln,
1 7-Vft2..V): Greenlnv. Mi1.60: Kpv. (1.750
2.60; other good eating varieties. 17."-2S0;
medium, (ltrt.60: at-plee. Western per box,
I191.&U; apples, Delaware and Pennsylvania,
per hnmper. 504tri0c . lemons, per bor. (3474;
oranges, rtorbla, per box, 1.50-fl2; tan
certnes. Florida, per strap. (2fr1; grape
fruit. rUrlr'a per tiox. (1 2572: pineapples,
per crato-Porto nico. 1.2X1; Florida. (1
2.50: cranberries, f.ancy late arletlea. per
bbl . $1 7.-MS4 V5: cranberries. Cana Cod. Earlv
Illack. per bbl (34- cHnberrles Cane Cc-1.
Harly HUckr. per crate. T.v.srti.30: cranber
ries Jersey, ner crate. 7.V fld.Mr pears. New
York, per bid flckel, M.BOrt: Durbess, (203;
HQtvcie. -.' u,tii -rat i;vie, tmt
VEGETABLES .
Demand fair for dealrabln slock and value
generally v,ell sustained. Quotations; White
potatoes, per bush. Pennsylvania. 584.v,;
New York, 454i6Uc: white potatoes, Jer
sey, per baikct, 3S4f40c; sweet potatoes. East
ern Shore, per bbl. No. 1. 22,75, No. 2. 1.50
et.75i sweets, Jersey, per bbl. No. 1,
tTiaU.io; No. 3. 4202.25: aweeta. Jersey,
per basket. 00875c Onions, choice, per
bush.. 7f4i73c.; do., ordinary, per bush.. 609
05c. idc, choice, f 100-lb. hag, J1.254J1.50;
do., medium, per 100,1b. bag- SSc.nll: do., sec.
onds. ptr luy-lb, hag 004(750 rabbaae, do
mestic, per ton, I890, da., Danish, per ton,
(104412. Caulltloaer. New York, per crate, 75c,
041.23. S.'lnuch. N"'f:k. lr lid. 41 1.40.
Kale, Norfolk, per bbl.. BHesOOc. Lettuce, "lor.
Ida. Pr basket. Jlttl 50: do , North Carolina,
ltt.r iMiKtl. wiia- ..t.., r,wi, v ws.KV,.
(.1&4.M). Peaa, Florida, per basket, (3.50
a rneumbers. Florida, uer baaket. SI Taas.
Fquasn. nutioa, ir oassej. i sisk. vsisrr,
New York, per bunch 351 5c. Vlushrooins
per 4-lo basket. Jll.60.
NEW YORK BUTTER AND EGOS
NKW YORK, Dec. 21.-BUTTER Market
fi.m R&calDta. SStl nackaaas. Craamary. ex
tra. 34sJA4Vie.; higher aoorlng, 35e.: Slate,
dairy. 3rM.l Imitation creaawy. 2o425V".
KOaH. Market unaattled. Raoelpts. eflt
cases. Fresh extra, firsts, 3rl0c. ; fresh,
firsls. 37a. : nearby whites. 4SV. : osar
by mixed. 37Jr42c.; apecUl marks. SUtssrMc
NEW YORK COFFEE MARKET
NHW YORK, Pa. 21. -At th; openlag tbe
New York coffee market sbosd a continued
SJalc teideiw. March. 804M.4c May. .fl
aM.580.; June, ortored. 8.43c.; July. 7 .284
bid. elovesaber. T.eOe.TUd.
nMu,iUMBibir. fl.lehfl ask. : Jaiiuaev.
ImSTKc.-. February. 8JHC.4c.: Maws.
.
.4l
4lM.43c
April, .50s8.1: . May. .WQ
44.30c . July. . Tit4fT sKT;
g.HOe
.uoe.. Juj
.,i.t T
me.: naouou-ir. t.immwtjmM: .
OetUber. . 7,
57c; Not stubs. 7
.&..
Toiai
ELGIN BUTTER ARKEffi
dr1NEiAwSMIS
eot etlsraTC,
IHlMis C4tral to Sell Noteaj
C1UCA430, Doc . The Illinois Public
UtUlHtvs ConMnlasson today satorod an
cr4ler iMt'VI'ng 4bo XUlooU Central
tatiaat t'otupaay to toMs oauUmwir.
trust notes to a total amount of l&hsj,
ufitl. Tho lUtoois Central applied for per
wtosloB to to the notes for tho pus
bom ot buying eqotprtsiiit aud will aooa
tumouiaeo too full list of oajftoos. can
and othor aaatortol aVtoirod.
RAX aiVVTSX
1
i.te r?
LstfniUuakM
RAPID TRANSIT EARNINGS
FELL OFF IN NOVEMBER
Company Keports Surplus of Only
?14,dlB for the Month.
Reflecting the general trade dr)fs!loH
the November report of earnings of tile
Philadelphia Rapid Transit Company Is
sued this afternoon showed a deereaso
of ?5S,671 In gross nnd J12.S01 In net
earnings. Fixed chnrges rose !f4,tel, but
operating expenscB were reduced aonte
what.
The surplus fell from J52.2& In' Novcrrt
Tier, 1913, to 14,8ls;, Kor the five months
the surplus wni? $113,(91, against J2T3.3I3
In tha corresponding period laa year, The
details follow;
November 1hl.l intv ,int9
Clmss paw. earh..l,8t),840 t,DI7,03- 1,0-11.000
Jtee. oth. sources. 08,074 70,010 77,340
V." earnings. ltvw,&i ,uie,4UU .t)W.4UU
Kxpenaes
Oper. expenses... 1,138,100 1.173,978 l,Ifiu,2S8
Net earn, from
oncrallnir 851 TIS (Ul Mft nil 111
Fixed .charge 800,002 7ni231 7fjl MS
. BUrplua . i 1,812 52.205 50.303
ioss pss. enrn.. 19,512,744 i,707, 750 i0,447,73O
Jtec. oth. sources M7.8.V1 31X),23 412,.Vtl
Oros's earnings... 0. 870,000 10,098,015 0.860.203
Rxpcnsee
Oper. expenses... 5,000.07 B.8S7.174 8,863.54
101. earn, irom . , ,
operaUng 4,171,533 4.210,11 3.!)S.1,04!t
Fixed .charges ... 4.040.P?0 B,PS7,407 3.708.V8O
Kurplu 133, Wl 223,343 1110,743
COAL EXPORT STATISTICS
United Stntos Second to Great Btjtain
In Foreign Shipments.
WASHINGTON, Deo. Il.-Alttlough the
United States produces two-flftlia of the
world's supply of coal, It sends abroad
less than hnlf that shipped to other coun
tries by Great Britain, and Is" dnly
slightly ahead of tho amount shipped
ntinually by Germany. This Is tho burden
of a statement issued today by the Bu
reau of Foreign and Domestic Commerce.
The valuo of the coal sent nbroad '(lure
Ing the year, however, reached, the hand
somo total of TSB.OOQ.QpO. This represented
more than 27,000,000 tons of fuel nnd the
exports haVo doubled during tho'' last
decade.
New York handles about 40 per cent,
of tlio hunker coal entering oxport trade.
Norfolk nnd Newport News about 1Et per
cent, and Philadelphia and Baltimore
each about 7 per cont Anthracite coal
supplies about one-third of tho total exports,-
Canada being the chief -foreign
market. Bituminous coal Is -expoctod to
about .40 different countries, but chiefly
to Canada, Cuba, Panama, Mexico and
tho West Indies.
ST. 10TJIS CUTS DISCOUKT "BATE
Itcservo Board Considering- Changes
of SOveral Districts.
WASHINGTONyDec. 21.-The TWeral
Reserve Rank ott. Louis today changed
Jts rate of discount. It Is 5 per cent for SO
days, BV4 per cent, for EO days and 0 per
cent, for longer maturities.
Tho Federal Reserve Board today" be'gan
consideration of the rediscount ratolriths
several dlstrlots throughout tho coutftry.
As this Is one of tha most 'Important
phases of Incomo to the reserve- batiks
much anxiety Is felt concerning the In
como to be derived from this business.
'Although t Is pointed out that no profit
Is expected from tho reserve banks for
some time to come, It Is believed by mem
bers of the board to be Imperative that
these banks shoull make their expenses
In order to pay thu salaries of clorks and
other attaches. Otherwise, It Is bald.
Congress may bo called upon to extend
temporarily such financial help n.s may
be necessary to continue tho system.
FINANCIAL BRIERS5
New T'ork banks gnlned ?IJiOtX) from
tVe Snbtreasury Saturdayi and eineo ITrl
day have sained $3,645,000. .
l .4. .
The Bank4W North Americit haa re
tired J5O.00O emerge,;w currency at the
local Subtreasury. t-
Edward F. Deale waa cleOtpd a direc
tor of the Franklin National Unk today
to fill the vapancy caused Jsy tho reernt
resignation of B. T, Stotesbury. M,
Beale Is president of John T. Lewis ft
Bros. Co.. white lead manufacturers.
A special meeting of creditors of Will
iam It. Hear & Co., bankrupt, will be
held on January 13, 1015, at the ofilce of
Iteferco Amram. Real Katate Truat
Hulldlng, for tho purpose of Instructing
the trustee as to the disposition of books
and papers of the bankrupt now depos
ited with the Fidelity Storage and Ware
house Company nnd claim ot said com
pany for storage.
The spot quotation for raw sugars ad
vanced 12 points to 4.13 cents.
The Cleveland courts refused to grant
the General Investment Company, of Bos
ton, a temporary order restraining the
directors of Lake Shore and New York
Central from proceeding with plana for
consolidation.
Levi L, Hue, who Is a member of the
general Cotton Loan Fund Committee and
has been In charge of the local subscrip
tions to the fund, today forwarded to
Secretory ot the Treasury JlcAdoo. at
Washington, the subscription forms of all
the Philadelphia hanks and trust com
panies that subscribed to the fund. The
forms were sent out In blank by Mr.
Hue to the various IruiUtutlonis. and wero
filled In by them and returned to him.
The total amount subscribed In thU city
was 15,170.000.
There has been placed on ths regular
list of the Philadelphia Stock Hxelmnge
ttm additional American Telegraph and
Telephone stock.
The City Controller of Newark today
awarded 11.169.000 41 per cet. bonds to
Kissel, K Inn lent t & Co.. of New York.
as foltcfws: 1900.800 4t-year dosk at JlOt.OK
and $$0,080 30-year water at ;iQ3.37&
A spedal meeting of stockholders of
Tobacco Products Corporations has been
called for December 3B to vote ore re
ducing the authorised preferred slock
froat IM00.W9 to VMM.
The New York Stoak Sxchange Com
mittee) haa fixed minimum prices 011 At
lantis Coast Use. W; Louisville and
Nashville, 110; ataMd Air Line prefer
red, 41 atul Southern Hallway preferred,
U. to take Kact December a.
YEARLY
AT THIS TIME
Many ptvraru ihymI surm
income. Setdewiaje ttte
efpwttmitiet beoti $n wxi
l4nu '
9m fartoW Osssfatr &. ,
wnsyafiij o ososrsfty of -
IsoiOst 4sU (744M4V ItowK.
Jl40t t4 9fTd ty4
ttwl (ssu ory irosstro
u uu-aiaHBie.
jvt it
Wailf.feibrttttCtsHlw,
UOHMl W. J sssjueO. -
ttHilHbss
IJsVW 1 WWMsMr it S?
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