Newspaper Page Text
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BvisMIKG , LEDGER-PBI.LAPELPHIA: MONDAY, DBOKMBBBjijBH-l
iRTS AND COOT) REPORTS FROM STEEL TRADE
ling rvose uver lwo
If Points Shorts Covered
Extensively Foreign Ex
iefckngc Made New Low.
NBTv1 YORK, Dee. 8S.-Whlle trading1
fit tho ooenlna of tha Stock' Exchana-e
iadsy was Irregular, and the few change.")
; recorded, war about equally divided be
tween slight gaths land tosses,, the market
developed considerable strength in the
Haier;,; trading And good-sized ndvances.
venrtniade. Transactions, however, "were
piot,faricc, and (he dealings were confined
' ' The principal Issues represented In the
i advance were Uethtehem Steel common,
Amalgamated Cooper. IT S. Steel. Penn
sylvania, Reading, Lehigh Valley, Union
' 1'acltlc, American 'Root Sugar and Atohl-
-A rally In the late afternoon carried
I thd prices of many issues to now high
; points of the- day's trading. Heading be-
3 eimo one of the leaders py advancing to
Xif,Up 2H. Tho closing was 1437ft. Union
KPaclrlo made a 2-nolnt advance on the
fda' at 116. Pennsylvania, gained IVi at
flutHj Bethlehem Steel, 45, up IK: New
York Central 8IH, compared with 82 on
r:,- The causa for tho advance was given
L' In many quarters aa the result of the
general selling last week for short ac
c count, which created an oVcr-sold con
dition today and shorts covered to a largo
extent. The extent of this newly-
created short Interest was reflected In an
excessive borrowing demand for many
Of the nctlvo Issues. Both Reading and
. Lehigh Valley loaned flat and thcro was
a, brisk borrowing demand for United
States Steel, Amalgamated Copper and
New Haven, while the borrowing demand
tutor other scattered Issues was large and
(furnished further proof thot the short
j-feiterest was very large.
RoTho newa developments over Sunday
Trero fnvornliln In Inn hull iMa with tlio
L'greateat Importance attached In the street
sio mo reports of Improvement In the
, ateel trade and to the exDectntlon that a
, heavy Increase In unfilled orders will be
shown In the statement of unfilled orders
to- bg published by tho United Stated Steel
'Corporation a week from next Satur
day, white some of the bearish room
traders endeavored to cover shorts.
There was a good demand from a num
ber of Important houses llko C. D. Barney
& Co., and through brokers often used
by Rockefeller Interests. Taken alto
jrother. the market showed a generally
stranger tone than at any tlmo since
the full list was traded In on the morn-
If Ins of Deoember 05.
room wero active In many specialties,
including uetnienem steel and Ameri
can Beet Sugar, with Philadelphia houses
.Active In both those stocks.
U. H. Steel Common, which opened at
Its minimum of 48, advanced on succeed
ing sales and crossed 49, and closed nt
The foreign exchange market waa dull.
Demand sterling made a new low record
of i.H for this year, and cables were
quoted at -t.$3.
Call money loaned and renewed at 254
per cent., later 3 per cent. No one ap
speared to have any difficulty In negotiat
ing a. loan.
'Tho favorable statement of earnings
made by the Atchison for' November did
not have a good effect on the company's
j stock, which sold off H after It was
Issued. The price, however, showed
an advance of 191 over Saturday's close
VIBGIKTA BANKS CONSOLIDATE
ROANOKE, Va., Oct. 23. The stock
holders of the City National Bank and
the Exchange National Bank have au
thorized the consolidation of the Insti
tutions under the title of the National
Exchange Bonk. The merger will be-
come ' effective at the closo of business
December 3L The capital of the com
bined institutions will be $500,000, and
the deposits nearly ICOO.COO.
NEW YORK STOCK SALES
Alula Gold Mints 24k 2714
Amalgamated Copper... fiOk WX
Am At Chem prrf P0k
American Beet Sarar. . 32 33k
Am. IJeat Sncar pref 80
American Can 2414 2(1
Am. CarAFdr. pref .. .. 113 113 in
Am. Ice 21k 21k J1M
American Locomotive . . 22kv 21k 21k 23k
American Smeltlnf 65 5flM 60 C6k
American Smelting pref. .. pair 09k D9k
American Sut at pref.... ,, ln 1I3 .3
American Tel A Tel.... MOM 117 117k 117k
American Tobacco pref. .. lrflk 103k 101k
Am Woolen pref 77 77 77
Anaconda Copper. 25 26k 24k 28k
Atcnuon ... ..
rtaltlmore A Onto 03
Ilaltlmore ft Ohio pref. 0 1
Dank of Commerce
Bethlehem Steel 43k
ntthlehem Steel pref
Drookljn Rapid Tranalt ..
California Petroleum .. . IS!
Canadian Pacific IK1K ISAM lfitu IM
Central Leather........ 30k 37k 37 37k
12 Plk f2
00k MH 09
09k 09 00k
100k 100k 100k
45k -43k 4J
SO SO S0
85 84k 84k
10k 16k 10
IN LOCAL MARKET:
Reports of improvement in
the Steel Business Helped
to Lift Prices Pennsyl
vania in Demand.
Central Lea pref
China Copper 32
Chicago. Mil. A St. Paul 85
CM ft Northwest
Con Can riff
Colorado Ro ..
Distillers Securities Ilk
Chicago Oreat Western i .
Crnrol Oas. ....k....t
Corn Product 8
General Chemical...,,. ..
fleDPralKlrctrlc . .
Gecdrlrh Co.. ...,...
Oreat Northern pref
Intcrboro Met pref
Llgg ft Myers Tob. .
100 100 100
33k 82k 33k
Maxwell Motor 14k
Mercantile Marina k
dopref .. 3
Mexican Pctrollum J2
Miami Copper. 10k 17k
Missouri Pacific 0k 10
Missouri, Kansas ATeias 0M 0k
K'.ttnn.l HIuiiII ,nMS tMrt
.UMUIIBI 13t.Ulfc, ,, ,.J4U3 liM
138k 138k 138k
24 k 24k 24k
U3K 113k 113k
44k 44k 41)4
12k 12 12k
G0k 60 60k
7k 7k 7k
10k 10 10X
.127k 13IU4 110K 130k
207k 207k 207k
103k 101k 101
.. 80k 70k
Nevada Consolidated. .
N.Y..N II. A II
New York Central
N. Y..O.& West
Norfolk ft Western....
Nat. Hy. Mexico 2d pref.
1 litsburch Coal.... ...
Pittsburgh Coal pref...
Pressed Steel Car
Hallway Steel Spring.. .
Reading 2d pref.
Republic Iron ft Steel..
Republic I. ft S. pref..
Rock Island pref..,.,..
Seaboard Air Line
Southern Pacific. ....... 81k
Southern Pacific Tr 0k
(southern hallway... ... ..
1 enncssee Copper.
Third Arenue 35k
Toledo. St. L. ft W. pref 0k
union uag ft l'aper
Union Pacific. ,
Un Pacific pref ....
United Railways Inr... -9.. 7k
United Ily Inv pref 24
US Rubber 63k
U. S. Rubber 1st pref.. .101k 101
U. S. Rubber 2d pref .. . .. 60
United States Steel 48 l'Jk
USbtcelprcf. ,.. .. lU4k
Utah Copper 48k
Wabash ..... ., if
Western Union.. 5Sk 58k
160 150k 150k 150k
EOBEION DEMAND EOH COTTON
NEW TOUK, Dec. a. The cotton mar
ket was very quiet at the opening this
morning, but the tone waa quite steady
arid call prices were 2 to 4 points above
Thursday's finals. There was some de
mand evident from abroad, as well as
from houses with 'Western connections,
but offerings were exceedingly light, and
the market advanced to a net gain ot
about t points. This was the first notice
j, day fop January, but no notices were re-
.,, cloa. Ojn. lllih. Low, Clou.
PtttWer , T.S8 T.83 T.40 7.35 7.42
' tf anuary
July- ... .
, T.i T.80
. aoo MO
. 8.31 tU3
Tout sale 130,800 sbarca.
lk 18k lk
75k 75k 75k
k K H
ik ik ik
5 5 5
Ilk 11 11
S3 81k 82k
03k 03k 03k
14 14 14
6 58 53
33k 33k 33k
88 88 88
32 :ilk Mk
30 35k 35H
0 0 0
4k 4k 4k
114k 110M 114k 110k
7Dk 70k 70k
rteports of betterment In tho steel trade
conditions served as a stimulating factor
on the Philadelphia Stock Exchange to
day, Not only did United States Steel and
Cambria Steel shares harden, but the gen
eral local list developed a distinctly up
ward tendency throughout the greater
part of the session. The volumo of bust
nees, however, was not large, and brok
ers' office! still havo n holiday aspect
Pennsylvania shares were In demand
from Investors, and so were Philadelphia
Electrlo and United Gas Improvement.
American Oas and Electric bonds wero
also picked up In moderate quantities.
About tho only Issue to display a reac
tionary tendency was Lehigh Navigation,
but the offorlngs Were confln'ed to odd
lots. York Railways preferred moved up
nan, a poini ana tticctria storage Uftttery
sold at 47 and then Jumped to-48 on tho
sale of one share Philadelphia Eloctrlc
touched 21 around midday. In the after
noon tho volume of business contracted
still further and somo of tho earlier ad
vances were reduced.
In the Inst hour Kcystono Ttelephona
Came into demand, ndvnnrlnt? hnir n tint.
lar. JDnlldwIn Locomotive preferred also
moved up at the close.
The reduction In tho Pennsylvania salt
dividend had been forecasted by tho an
nual report and so created no great eur
prlse. Tho stock, sold unchanged from
yesterday's close of 95 and little appeared
10 do one ring.
AltllOUKll tho Rteel btmlni.ii In onlrl tn
bo Improving chlcflv beemmn nf fnrelirn
orders, prices are somewhat lower than
In September and well below thoso pre
vailing a year ago at this tlmo. For
Instance, November 2 foundry Is quoted
now at 1H.25, compared with 115 In 1913,
while basic is 113.80, against til. 25, und
bars are 11.12 for 100 pounds, compared
with 11.27. During the past few weeks
the scrap Iron market has strengthened,
and advances averaging from BO cents
to a dollar per ton havo been recorded.
The reduction in tho rediscount rates of
the Philadelphia Federal Iteservo Bank
caused no surprise. Ever since the Now
York tote was reduced to 4J4 per cent. It
naa been expected that this city would
follow suit, In view of the casing up of
the general money situation. Tho weekly
tcport of tho local clearing house banks
again showed a considerable loss In sur
plus, but tho Item has been ruling very
high since the new system went Into ef
fect, and it Is therefore only natural that
It should work somewhat lower. Slacken
ing of business on the stock exchange
was reflected In the decrease of over a
million In loans.
W. READ FISHER
W. READ FISHER DEAD
Third Oldest Member of Philadel
phia Stock Exchange.
W. Read Fisher, tho third Oldest mem
ber of tho Philadelphia Stock Exchange,
died yesterday at his home, 23S South 13th
street, nt the age of 84. lie had been fall
ing In health for soma time. Mr. Fisher
formerly waB n member of tho firm of
Fisher & Brother, which was succeeded
by. tho present firm of Powell & Co.
Mr. Fisher was born In Philadelphia.
He waa admitted to tho Stock Exchange
1 here In 1S64. He Is survived by a slater,
Mies Solly W. Fisher. Funeral services
will be held at noon, Wednesday, at
Mr. Fisher's late residence. Burial will
bo In North Laurel Hill Cemetery.
NEW YORK BOND SALES
1000 Adama Express Is ,
UNO Albany & Sua 3Ms.,,. Kl
MX) Anwr DM Tel
2UUI Amer Umelt Sea 6$
w Aincr ii cit a.
2 JW HO CVl -aftl
40uo Armour Co IMa
LOCAX STOCK AND BOND SAXES
.1 Am Gai not)
& Ituldwln Lo pfd,102U
!"00 Cam Btoel 42
1H.1 Klec Storoco..., 47
10U Gn AiDhult .TJ
S?: Key Tel Co.... Ill
R Ivehlfh Ncv.... 77'
r.7 do t o.. , 7fl
U I.elllgli Val. 01 11-1
HI 1IO K & T. ..I.. ..
14S l'enna n It .11'
11 l'cnna Halt Mfr. Vti
.1 Willa Cn cum pf 40
on I'iiiia i.iec ... x.i
do v n t tr ctn... n
10 rnila Trac ...
lii.1 Ton lk'lmont ..
So 1-on Mining ...
ni u a imp
0W If S Steel
10 York It a pref,
High. Low, Close.
100 100 ICO
4S 47 4TV4
32 aa a2
1.1 1SU 1.1
). HU 71(4 77$
77(1 77 ni
5 (UU Old G.-,U
SH AH "H
1.17 137 137
K B2 112
03 03 US
40 40 4U
n ri S -'t
11 11 V
SO HO N)
7",. 7?. Vj,
82f 82 fa
4!l(J 4SH 40
31 31 31
3TEW YORK CUBB
jisiSrlit CejiJwlMlttd . .
Anut tAn .. .
rito frwlueta prtf .
Unlit J Cljar Btorn to
4fHnss tolar cemeare
W.B13.JOO 08,383.833 &3.IM4 Mi
KATBS SOS. KONEY
1000 Atchlion adl in am.
llOOO do cv 4l J.
o2uC0 do CV 4a 1UOO
1000 Allan Co Lint clt 4a.
1300D Halt A Ohio 4s
.1UOO do cv 4&i ........
TWO Bait & O Swn 3U...
llOOO l!th fllMl rIA A
3000 llrook Hap Tr Sa 1018 1S'i
-ww ,,wm Kili CIV !( WS, VV
1000 Cal Oai ft Elec Ba... 01
luOOO Cent leather tat Ss... U7
tt0 Cnt 1'ao Itt 4i, ", fcOU
2O0U Cleve S Une 4!4..... 1)2
loou Chea &. Ohio cvt 4Ua.. 71
JOpu Chi Nwn acn 4i Tata
2000 Chi ft Q 4a 95
1000 Chi 11 A 0 III U.... Ult,
20UO CM Mil ft S 1' DIV 4a. 88
llOOO Chi II ft 8 P cv 4Ka. V7H
.MOO CM M A B I' sen 4a o&
6.100 Chi Mil 1'B 4a..... M
SUM! Cfcl It I A P 4a 23(4
1000 ChSPMJLOcw Sa.114
03000 Chi St P I A P ct 4a. 23
03U0 Col Midland St ...... US
61)000 Con U C V Oa w I....110U
iuuu uri a jiua uia 4f,,,
llOOO) Dl t Hud 4a 11118, ,.
200(1 Dal ft Hud Ba
1000 Detroit City Qi Sa.
2000 Detroit United 4a..
2000 Du I-ont I'owd 4a?.. .
MUX) Krla eonv 4a xr A. . ,
Itnno KrU conv 4a r II. , .
K1H) Fort WAD lat 6a. !.
4000 Otneral Motor oa. .....100
0u Oen Site Sa 102ft
1000 Hud ft Man 1 W 3,. 20
1MOO lntarb Met 4V, 74
1000 Inter!) II T n! 6i. ... 0o
000 Inter Mar Mar 4V4",., SOU
2000 Inaplr Cop ev Ca 11) 10. 04 j
uumj iuui witir mj lat a.
KW , H. t tn
40U) LauU ft Naart'l
iuuo a hi nwr 4s
HBw 'ff Banks' Discount Bates
IwBBHSBk.'; ''-'. . Day-. -.
Kf':": ';' 0 or- 30 to o to
SBEs !. oo eo
wsmtm fflMiF in ?. i
WSmM: HsMiSafo ft? j e Je
Bl QOVXSSiWKSMT BQVDfl ,$$
IJPllTr ffi iSBfflfcV''." ".'? arc "
HBIKiE. ahw avmxr u.
la..... 01 U 01U
tvnr 4a 40 40U
W.A.. .L .- h. . . ' ' Sa'-
wu mu n oe sn aa . . . oa oa
sooo Mo Pao Oa 1jOO loou
3000 Nat Tuba pa 07 OT
1000 N Y O L 8 SVia .- 73(4 73(4
5000 N Y Chi t St I, oa. 102(4 10C!(a
luOO N Y Chi ft Bl L 4a. . 02 02
1000 N Y City Sa.. ... ea 62
2a-00 N Y Ctly 4(4a ly83..104 104
2000 K Y City 4Ha Way '87.104 104
1000 M Y Kwy 4a Tift Tl
1X) N Y Kwy Ca ..81 Br
100 N Y SUta 4a Udt wl 00
1000 Nort ft Wtat Voa 4a. . 89 8
SOOO Nort ft Weat cv 4. . .101 100(4
8000 Nor Paa prior is 80 8a
7vOO Nor Pae 3 2 02
2000 Ore Short Una Ba 100 100
SIVrt Pcnna cv Sa SOU 00
1000 Panna, 4a 194S. . ....08 M
20ft0 Public Bar Klk., 8T 87
7100O nadtn 4a .. . , 03 02
leflO-RtadiB-J Can 4a . . . 01 01
2000 Hock UUrvd 4a 81 81
3000 Rock laUnd rrd 4a... M 67
2HXK) Rock Ialand Ba ...... 88 KlU
2000 ot L ft s f rd 4a. . . ei ai
2oo ft N Ala Sa 1MB. . , . fift tifl
oooo Bouth Pae ev U 80 80
csaoo do ct ret t p 8 06 mU
100O do tt U 84 84
6000 South Kwy 4a 04 ei
4000 da Ba B&4 08
MOO Third AT. 4a . ... TMI lutl
VKIf) Tol Pea ft W U
Bono II s Rubber ea
10000 V Bl 8
800 da ni Sa
IJUIMT IM U .
uniao no or 4 .
fUOil Am Caa & EH Ba 83
iuuu isaia we lax a,iui
II Cum Steul acrp. 07
100(1 Kl ft I-co Td 4a Wi
2000 Inter Hwy 4a,,.a
60O0 I. V ren ca 4a 0
1000 I" HftV lat 4a". OT
EO00 Phlla Co lit Sa. 07
1000 Phlla Elec 4a . 78
1000 BpareAm Ir fl.100
auto, 'iiiffn. ijow, cioae.
oj mft mjij
HALF HOURLY SALES
10 to 10,30 A. M.
1 Phlla Else... 31 100 U S Steel.,.
6 Am rJaa. . . . , .100 0 Panna. .....!
M Leh Nav t o.. 77 100 U 8 Steel.!!
8 lh Nav 77(4 2 Panna ...!!!
lOlieadlna- 71 1 do..!!!.!!
13 Panna 82 10O Com Btael..!
1 do ,,..82 2 11 O I....!!
100 U 8 Steal.... 48
tllWl Knantoh Am Tvn i
jttio uatdwia loco it Ba!;.':t",.,.'::.';::io2
iwo Am uaa ft Klec 3a ..,.,,.,.. 83(4
10.30 to 11 A. M.
100 U B Steal..,. 19 1 Panna 83
fi Ctnatnnm a".,' t.
28 Pnn 2 5 Ph Co cm pf! 401'
10 dp B2 14 Penna ,..,,,, 82(1
20 Heading ...TIO-IB
ICO Am Gaa ft Elea Sa rjk
1000 Am Oaa ft Eire Be,".":..'".:;;; gjS
11 to 11,80 A. M.
.8 Panna ....... 82 20 Elec Btoraara 4T
to York Ky pfd. SI7 4 do .....T. li
las Tonopah Bal. 4 2 Phlla Elao!!! mu
10 U 8 Btaal..., 40 1 Eleo storaaa 48
100 Elao Btoraw! 47 oioraa. 48
2000 Interatat lUltwaya 4a..,.,,, 67
11.30 A. K. to 12 ST.
100 U 8 Steal
4 Panna ...
SO O a I.....
2 Phlla, Mm,
u pa-aVt::: m
Sf i 9 I....... 82
lj glee 8toran. 47
14 Pcnna 82
d rd 4a ...
Va far Com lat Ba..
Va, Rwy 8a .....
Woais Ul lit U ..
s 2J e;:. .:,:;.'.
Wh U ct u u.
wtat T.Uofru Si ....
V.'ear Md AM
0T) Wajt ft U jpr Sa. .
Total w.H it.i,aa.
REDISCOUNT RATES CUT
Jlsrva Board Xs44Ma BLIUdelpUa
Vifr t 4H P47. C4t.
MUti r&tu tar BfcUB rlalrttla ,r aa-
nMnatii reifwcil ot I pr . lay tH
wmvm naw-v wmw asoavy
This Wfttew ttw m1 rtXm ui ta N &am
i b ;. m t nr Mtt up to V)
inim. On M aaly Uw Nw York it
1000 Elaa ft Pop Tr 4a
12 to 12.30 V. K.
100 Oaa Aap S3 JO I-ah Valley... SU
J0O9 Am Oaa ft EJm 8a ,.,t
12 to 12.30 P, M.
8 Penna 8SB.18 i Lab Nav He
1000 Am Oaa ft Ho ea
12.30 to 1 P. M.
10 Panna, .....635-18 2 NorrUtown
100O Am Gaa ft EUo Ba
1 to 1.30 P. K.
23 PBB ....
A. T. Dice was elected a director of
the following Reading subsidiaries suc
ceeding Thcdore Voorhees, who Is pres
ident: Schuylkill Valley Navlcatlon and
Itatlroad Company, Mill Creek nnd Mine
Hilt Navigation and Railroad Company
and Mt. Carbon nnd Port Carbon Unll
The Dank of North America has re
tired $50,000 emergency currency at the
Tho reduction of the semt-nnnual divi
dend on the preferred participation cer
tificates of Chicago City and Connecting
Hallways from (2.25 to 11.23 was due to
the reduced dividend declared by Chicago
City Hallways, &! per cent, of the stock
of which Is owned by Chicago City and
The Tjnke Shore Electrlo. Hallway Com
pany has called a special meeting of
stockholders for January 25 to Increase
the authorized amount of first preferred
6 per cent stock from 11,000,000 to ll.EOO.OOO
nnd also to amend Its charter eo that the
company may engage directly In the gen
eration and distribution of electric current
for .light and .power.
The call loan rate In Chicago was re
duced to 5 per cpnt.
The exports of cotton last week were
greater than In the same week""of WIS,
SSI.im bales against 251,561 bales. The re
ceipts at leading points were also greater
than In the corresponding week of last
A circular to holders of the Hock Island
collateral ts Issued by theYVnllace Com
mittee announces that deposits of bonds
with tho committee on December 23
amounted to J59,0t5,000. There Is now
112,303,500 of excess stock which. If not
taken by bondholders, may be subscribed
for by depositors with the committee or
the special master at J10.29V4.per ahare
plus Interest and cost of transfer tax.
There has been placed on the regular
list of the Philadelphia Stock Exchange
S37O0 additional stock of the American
Telephone nnd Telegraph Company, There
was struck oft the regular list 138,300
Welsbach Company 6 per cent bonds pur
chased for the sinking fund.
8. M, Vnucloln. of the Baldwin Loco.
motive Works, satis for Russia on Wed-
Referring to the reduction of the Penn
sylvania Salt dividend, Joseph Moore, Jr..
president pro tern., said:
"The reduction Is a necessity of the
present unprecedented conditions. This
unanimous action of the board was fore
shadowed In the annual report of October
lost, and It Is for the ultimate best In
terests of the stockholders. Our plants
are working on an average of about 0 per
cent, of capacity. Some departments are
doing well, but copper at current prices
Is a heavy loss, lowering the, reduced net
earnings appreciably below the regular
dividend requirements. This drain could
not be, permitted to continue, because of
the Imperative need to conserve every
dollar of working capital to carry the
great stocks of raw materials and mer
chandise required. In normal times the
three enlarged and modernized plants of
the cornpany will be splendid earners. It
Is' therefore hoped that stockholders will
not sacrifice their shares to afford bar
gains for strong buyers. Every member
ot the board Is a large holder of the
stock, and with none for sale. The com
pany la soundly based, and the manage
ment Is effective and entirely harmonl-ous,"
AT CHICAGO TODAY
S c 1 1 i n g by Commission
Houses Liberal at the Ad
vance Reaction Precedes
CHICAGO, Dee. 28. Wheat continued
Its upward courso at the opening today,
Selling by commission houses was rather
free at the advance, however, nnd a re
action followed. Tho setback brought
freah support, and the undertone of tho
market was one of strength.
The market nt Liverpool was firm and
offers thero wero light Sentiment gen
erally was bullish. Somo traders wero
disposed to wait for tho purpose of as
certaining If Europe will continue to buy
at the higher prices.
Shipments from North America for tho
week were 8,270,000 bushels, the bulk of
which was consigned to Italy, France,
Greece arid Scandinavia. The United King
dom arrivals wero lighter. Amorlcan
winters nt Liverpool wero up 4Hd. TPIato
is being offered freely, as freight rates
to Argentina move higher. Tho stock of
wheat at Liverpool Is 4,311,000 bushels, s
decrease of 128,000 for the, week,
Spain, has adopted a sliding scale affect
ing the Import duty on wheat when tho
price in Interior markets goes about 52s.
per 0 pounds. It Is bel oved that Portu
gal shortly will announce permission to
Italy has decided to oxtend the period
of reduced dutiei on wheat Imports until
Juno 20. Crop prospects there continue
good, but reserves of old wheat are light
nnd purchasing abroad continues. Sup
plies of wheat In the United- Kingdom
are decreasing, owing to heavy consump
tion. Aavices rrom Argentina Indicate
delayed shipments during January and
Corn was steady to a shade easier.
There was considerable scattered commis
sion sellings. Longs Increased their hold
ings nt the renctlon. The weathor wob
milder ovor the Wost Predictions of
unsettled conditions helped tho market
after the opening. The market at Liver
pool was strong nnd well supported.
Stocks nt Liverpool amount to 93,000
bushels, with a decrease of 162,000 bushels
for the week.
Oats was firm.
There was a wild market for pork at
the opening, with prices 17H to 22o.
higher. Free selling took place at the
advance, which forced the price buck.
Lard and ribs were quiet
GRAIN AND FLOUR
-OTtBAT-necalpta, 2I5.2B3 buah. Thre
was an advance ef le In thla maikat at the
opening-, but pr! aftarweW reacted and
eloaad quiet, due to beatlnh Speculation In toe
Weat. Quotatlona; Car Iota, In eipert elevator,
No. 2 red. arot and Drnbr, l,-ja-S
No, 2 red, veitern. lLS2aUM Ne. 1 Northern
,, COIInJ rtectlpts, lfcJnh. Offering;
llaht and prices le. hlxher with a (air
local trada demand, Quotatlona: Car .lota
for local trada, a to location-No. S yellow.
new, 78W76MCI ateamer yellow,,,, ""'
ojc. ' no. a Teiipw, new, ii-i7t
yellow, new, OOffilo.) new cob, per
OATft Itecelpta, 25,460 buah. Trade
quiet and prlcea eteady. Quotations) .No. a
white, ftSHO'Oe-L standard white, BtHBOSe-i
No .1 white, 640044c.
.KVK. Scarce and firm. We quote at
St.I0ttl.18 per buah , aa to quality In export
elevator, and nt S101.1O for small lota of
nearby rey In beta.
. Fl.OUIt Recelpta, 1400 bbla. and 1,660,
ti lbi, in sacks. The maraet quiet, but
vaiuea were well suitalned. quotations.
11x1 ids. m wood: winter clear, at.
do.. Btralfhr. ls.2Sfi8.60: do., patent.
jtanaaa, airaignt, jute aacas, aa.30uo.ou, uu.,
latent, luta Mcki, (3.0090.00! aprlnir. Mrat
clear. 15.400.1.00! do., alraliht. IS.0538.001
do, patent, 1000.291 do., faroTlle brands.
f.33fl.M; city mllle, choice and fancy patent,
IA.369a.08l city mills, reruler rade winter,
clear. M.DOfrfl. 10 Aa.. .tralaht. iS.2Mt3.G0: do..
nvn rr)Un Firmly held .under emalt
auppllea. We quote nearby and Western In
wood at I0SO.CO.
Trade waa alow and the market was without
Important chance, Quotatlona: City beef. In
aeta, amoked and air dried. 229e.s Weatcrn
brer. In ata amnlr 2ft3nrt Aa.. cttr
beat, knuckle and tendera, amoked and
air dried, 20030c.: do.. Wealem beet, knucklea
and tendera, amoked. 20C.10c.t beet hams.
33M4: pork, famllr. $),B0C24I name. 8.
V, cured, loose, uWrtlle, I do., skinned, looee.
j1t?13We.i do., do., amoked. Llfll4c: other
hams, smoked, rltv cured, aa to brand and
averaae, ..WUejlBcr harna,. amoked,. Western
cured, 14U0Uo.: do., boiled, boneless, 20 tt
21a: l"nfe ahouldore. s. 1'. cured, looae,
llVlRUHc.: do., amoked. 12U012UC! bellies.
In pickle, according to average, loose. HU
IRe. ; breakfaat haran. aa tn hranri and aver-
are. rlty cured. lRfHOo.l do.. Western cured,
lMHBc.; lard. Western, refined, tierces. 1155
UUc.i do, do., do., tubs, native.: do, pure
xeme rendered, in , tierces, unuuc;
UTH Deelrable stock Jn email aurst
end .Arm with trade fair, quotatlona- Ftiwla
12ei4e.j old .rooeters, JosnOHc.) sprlns
chickens, according to .quality, lieise.i tur.
:ks. I34TI40.; geese, 13&IBC1
guinea, young weighing 2 .lbs, ana over
apiece, per pair, 85c. 1 welshing njji., lbs.
apleea, per Plr B0e.j guineas, old,
jjbfMKo nlaeona. ter rjalr. llMslRn.
unKSSKIJ. Supplies fairly liberal and the
Iteneral market . nuiet end without Important
chanre. . Quotatlona: .Turkeys, .dry-packed-.
Fancy, larare, nearby, 1 MJOc 1 do . Western.
JOci ayeraae recelnje. 160t8c.t Inferior. .I2rt
160.: No. I, eld. 18e. Fowia IS to box.
dry-packed, selected . heavy. IBO.1 walghlnc
4V4S8 Iba. apiece, llc.1 do.. ifi lbi.
apiece. lOHe.i do.. 4, lba. apiece,, loo.j do,
H. lb"., apiece. ItetBc: do., 8 lba. . an
under, 1218c.j fowls, bbla,, dry.paefcJi"
iveaiorn, urr-vR,:u. jtsi . ius, . RPleca.
A ina . lv.i nn. nil t.z'
. -.. " ' --ri'. "-v."ja
in, anu uiiuor, Kifioc.
e-ooa. 14DS1HA ., ,a..i
rfw..Mtra Im Iua.. l,l,L 1
i Aftm.. QeiOia. t il11r-ta ni
29 lbs. to doi., 10O21e.( corn'fed. 18 to 24 lbs.
IB IO 2 tO.
to do., 20j21e.j eorn-fed. 28 to 80 lbs. ta
don., 18019c i. milk-fed. 31 to 80 lba to doiL:
.ill. . mtiy-fmA. fiT in At IT, .a a..- ,.I!7t
mlik-fed. 43 to. 47 Ibe. to dor.. lBMeV) muk.
fed, 48 lbs. to doa.. 17p,; mMk.-fed, 00 lba. and
00 lba. and over, 18c.
v-oacKeo. in DDia-
:ked, 8 lbs. and over, 17n.
e. Western, milk-fed, dry
f,ll,n rirv.nart,lt. In hhla.VarArM -V.'.'.a
fed. dry-nicked. 8 lbs. and over. 17n. l We
milk-fed. i lbs., 10o. Western, milk-fed.
Dure city, kettle' rendered. In tuba. HO
The market waa quiet and unchanaad. n
flnera' Hat prices: standard sranulated, Be,;
flno granulated. 4.08c.: powdered, 8.08c. ; con
fectioners' A, 4.85c.; soft grades, 4.1004.70c.
IlUTTnit. Domand fairly active and
pricea nrm wun ugni onennra ot nne rooda.
wuoiaiionsj esierri. iresn,
Sxtra nrata. 33004c.!
7020c. i ladle-packed,
Leading futures ranged aa follows:
Wheat Open. Illah. Ixiw, Close, close.
December ..1.28 1.2i 1.28U M.24P4 ei.37H
Way 1.31 131ft 1.23S tl.28 tl.sMS
July 1.21H 1.22 l.lOHtl.lOVi'llil
Corn fnaw delivery!
iDecember .. 57W OT M MOH 108
May ,. 74 71 73n 73 t74j;
""IT. 78, 76?i 74 7
:y areclala. 87c: extra. 3.V.:
33fl0lci firsts. 31002c: aeconds,
e-D&cked. 22Q24c.. aa to oualltv
nearoy prints, inncy. one., oo., average extra,
Cltt37c,l do..' nrata, O.ICWc; do., seconds. 2Sv
SOc. flneclal fancy brands of prtnta Jobbing
EOGH. Demand for freah atock fair, and
prices arm unaer ugni receipts, wuotations:
fa. a IDS.. auo. tveaiern, milK-ieo, Bt
IUM Waatarn. mllk.f.d. Ai-v.mVi..7
utJ ..(,.. UMlJli. . TXT . LAl .Ti'
2HQ3 lba., 14c.: Western, eorn-fed, B Iba. enl
ever. 10c I Western, corn-fed, 4 lbs., ieo.1
Wealarn, eorn-fed, dry-picked, mixed weights.
14c: western, com-rea, an ids, I4c. West-
corn-iTO. nrt' ioa., J J no. Spring
ung u u
en. rnrrt-ieil, 2l4bff
ducks, 16017C .srrlng gew
Bquaba. per doien-
lbs. per ooaen. Mi.ioiM.mi wnite. weighing s
IO IV lun, iwi iM'-vi,, .i,'w,i, Willie, wetgn-
J. a 11 JI lives Bliaa. Tie
1.2501.00: dark and No. 2. C0c.CII.10.
lba. per onsen.
do.. 7 lbs.
The general market quiet and without m.
?irtant change. Quotatlona: Apples, New
ork, per bbl King. J203J Daldwln. XI 75
2.80: tlreenlng, , 1203; Bny, $t.7B02.a6; other
rood eating varieties, $1.782.80: medium, llo
1.60; apples, Weatern.per .box, TBcirtlTsSS
apples. Delawaro and Pennsylvania, tier hamt
per, BOffOOc:. lemons, per box. t2.oOe3.Bo3
oranges, Florida, per box, Jl.rotM: tangerines
Florida, per strap, 23; grapefruit. Florida!
per box, tn2; pineapples, per crate Porto
Hlco, l.25)l: Florida. W2,80! cranberries"
fancy late varieties, per bbl.$3.7Bl 23: crani
eTtea. capeooa, early DiacK.oer bbl., 3oir
WcsriLBO:' cranberrles.Jersoy, per crate. 7Bc
(Tt,28: peara. New Tork, par Wbl. Seckel.
13 BOOS l Duchess. S2413: Howell. 12w an!
other varieties, 1203.
Demand fair for choice atosk of moat de
scriptions and vaiuea generally ateady. Quota
tlons! White potatoes, per bush. Pennsylvania.
88&62c; New. York. 45TiC0o.; white potatoes.
Jersey, per bakt., B8p40c, sweet potatoes.
Eastern Shore, per bbl
eatrs. nearby, extras, 44c. per
by nrats, 112.00 per atandard caaai
id current receipts, 12 per atAndard
dot.; nearby nrats, 112.00 per atandard caaai
roaa current racemes, su n
mixed held and fresh and ordinary atock,
MOJ0JJ11.1O per case; Western extra tints,
ili'. per caao; do., nrsta, iz per case; south
urn, sii.uwiz er case, iiornxerator
wi. VAv. ,ci vav. iiviiiKciniur VMS',
snrlnff cackrd- ajt to aualltv. 21tl2ni- nr An.
iancv selected candled fresh, eggs were lobbed
out at 47040c rer dox.
CHEESE. Trade quiet and offerings mod
erate but ample. Prlcea unchanged. Quotatlona:
New York. full-cream, earlier receipts, choice,
lGc; do., do., current make, choice, ISc: do.,
do., fair to good, 14igi4Kc; do., part skims.
2, ft ROffll.75. Sweets .Jersey, per bbl. No.
hakt.. 00O78C Onions, choice, na
0075c.; do., ordinary, per bush., dOgOSc;
7UU10C. : qo oruinary. per Dusn.i i
choice, per 100-lb. bag, tl.2.ini.E0; do..
oium, per luu-io. og. oocwai:
per lOU-lb. oar, oooioc. cabbage, domestic,
per ton, MJP9; do Danish, per ton, Jllel.1.
Spinach, Norfolk, per bbl. 1.28rl.80. KalJ
Norfolk, per bbl., 00S75c Lettuce Florldal
per bskujl.230l.73: do North Carolina, per
bskt., 60S76C Deans, Florida, Der hskt.. 11
4l. Peas. . Florida per bskt.. tZBOflS. it.
dlont, Florida, per box, S2.R0H. Cucumbers.
.....u, fc. usn... ,i,,uiHhW, DUUHQ11.
iii, ai.iuuui.ini. nnusin it ia.
Ida, per bskU ltUS02, Celery. New York,
rwr bunch, 26ffll6c Muahrooma, per 4-Ib bakt.
BANK TO OPEN JANUARY 1
43'4 60 40V, t0W
Si'A B4U 53 tali
10.20 10.22 10.2S
10.57 110.00 tlO.OO
LIVE STOCK QUOTATIONS
CHICAGO. Dec 28. HOOa Tlecelpts, S3.
000 head: markets. lOffilS: mixed and butch.
er. J0.85B7.40: good heavy, 7.l0ffl7.S3; rough
o,v(fi.iaj: ugnx, su.Batf'.o3
... fftwviitf, Visa,
8.000: market, steady
inv.cio; rows ana neuers,
M.5MM.40; stockers and feeders, 14.80116.50;
Texans. fflfi7.S3: calves. 7tW.73.
.SHEEP. Jlecelpta. 16,000; marketa. 10c,
higher: native and Western, I3.e5ti0.40; Iambs,
IIVE STOCK RECEIPTS
CHICAGO. Dec. 28. Following are tha ra-
celpta ot lire stock at the leading centres;
i. Cattle. Sheep.
Chicago, U. a Yards....
St. Louis. N. St. Yds..,.
St. Joseph i
Oklahoma. City ..,.,...
Sioux City ,,.,.
10 M K T.
CO Pali aioo
10 Ten Mia
t Pae.na ..
a to a.ao p. jr.
bi? SSSwwpaa Ski. 4Vi
- m fnvftjm,
Silt It VBI 1a at.
go lat a. .:::.::; ::?::: :
S.W M......J 07
VaVtey gjux atSui'i.i'-'.''.'..'.'.',l Bj'
g.30 to 3 E H.
i asT aVat. .
u a i smi
The Pennsylvania Salt Manufacturing
Conpany reduced Its quarterly dividend
from i to 1 per cent
MINING BTOOK QUOTATIONS
Jim riutlar ..,,.,,..,,...,,,,.,... .73
NEW YORK DTJTTTER AND EGGS
NEW YOP.K, Dec 2S.-nUTTKn-Market
Arm; recelpta, three dojs, 11,018 cackagea:
creamery, extra, 33Hc: higher scoring. 30
301Sc: State dairy, 33034c: Imitation creanjt.
...F??i8Mrkt flrn" recelpta. threa daya.
lri.BlO cases; freah extra, firsts. 3Sc: fresh.
flr,,i '. ntarby. whites. 47e40c; ne-trby
mixed, 37Q40c; special marks. 20Hc
NEW YORK COEEEE MARKET
NEW YORK. Dec 28. Tha New York coffee
market waa dull at the opening. Futures
advanced 6 to 8 points, but there nera no
sdlea recorded. Opening futurca! January.
Pfl Ud: .'STa ""o- b,,1J April. 0 23c
bid: May. e.3rt0,42c: June, A 2Sa3Sc ; July!
7.1Se bid; September. 7rf0O7.40o.; October!
T.nsa7.50c; November 7.48c. bid. r'
New Financial Institution nt Seventh
and Glrard Avenue.
Philadelphia's newest financial Institu
tion, which waa recently chartered under
the laws of Pennsylvania, will open Its
door for business on New TeaPs Day. Tho
bank will be known na tho People's Bank
of Pennsylvania, and has an authorized
capital stock of more than 150,000. Tho
bank will be located at the northeast cor
ner of 7th street and Glrard avenue.
The capital stock Is made up of 1000
shares at a par value of $50. Tho stock
holders of the new InstltutldS are nil
well-known business men, and the offi
cers are of Bterllna: worth. The hank
will do a general banking business and
also a business of foreign collection.
The bank will be under the direction of
progressive uptown business men, and has
handsomely furnished quarters. Tho sec
tion of the city In the neighborhood of
7th street and Qlrard avenue has been
greatly In need ot Just such an Institution
for a number of years.
This Is the nrst time In more than two
score years that a bank has opened its
doors to start bualnen on New Year's
Day. The bank received a charter on No-'
vember 9. i will have a check and sav
ing accounts. Interest of t per cent, will
be paid on time deposits.
The officers of the "baby" Institution
are the following well-known uptown
business men: Charles Llpschuts, presi
dent: Morris I Werzel, vice president;
Morris Haber, will be chairman of tho
board of directors.
ELGIN BUTTER MARKET
ELGIN. III.. Dec 28.-BUTTEn-Blda
34c; no offerings,
M Id way
Tpnopah, Mining ,,,,
Tonopah Mining ;
.... . oQVDlzo QJOSm,
UIU pull .,..., ,.....,.
BuOtp aa.fcft . III
fpL&yeid'irii'.r,'. '.'.v. y.'.'.'",',i
SatdfieM Werr" . ...
Jumbo KxUtnko .,,..
.. .OS . ,Q3
i-j k rfaaim omttm.
EXPECT NEW FREIGHT RATES
WILL BE FILED BY JAN. 15
Thus Par None of the Carriers Has
WASHINGTON, Pec. 2S.-Eaatern car
riers who will benefit by the decision of
the Interatato Commerce Commission,
which granted a 8 per cent Increase In
freight rates, are expected to file with
the Commission new schedules of rates
by January Jf. So far none of the ear
ners has notified the Commission of. the
new tariffs, which must bo filed with the
Commission, 10 dayg before they become
Tho Pennsylvania, Baltimore and Ohio
and Delaware and Lackawanna are
among tha railroads which wilt require
mora time in which to amend the present
rates. These roads an extensively en
gaged In the coal-carrying bustnes,and
tariffs on this commodity are among tho
exception In tho Commission's decision
which were not granted an Increase In
Other roads, however, engaged In mov
ing other lines of freight are expeeted
to file their tariffs with the Commission
by January 15. If this la done the In
creases In rates will become efteetlve
January SB. Tariff expert of the Com
mission expect that a matorltv r .
roads will flfe their" new tariffs by the
middle of January. It was said todayT
Mercantile Sallure In Bt Zouis
ST. LOUja. De. S8.-AO Involuptary pa.
tlRen in bankruptcy has been, riled In the
Federal Dlstrlot Court against the, Bcha!
pr Bribers Mercantile Cempany, p
era of the Wg department ktore. Kdward
I Sehaper, president of the company
was appointed lecelver. It Is said that
claims would aggregate about JWO.OW.
KAY BKIJ. PI0.DO8D 3TG93C
KHW YORK, Pee. W.-J4A Mdaiah. u
Conway 94WMBM stuck VWtna- trttita
? "Srtt"! LtM ''"' n ot
S . W Pell Co. &4 BoHararat tor
BANK SURPLUS FALLS
Philadelphia Institutions Report a
Reduction of $3,089,000,
A decrease of 3,9S0.00O waa shown In
the surplus reserves of tho local clearing
house banks for the week Just ended.
Loans were reduced ,1,081,000, while indi
vidual deposits fell $3,812,000. ' ,
The surplus reserve Is still quite high,
however, being nearly ?15,CCO,000. The do
GRAND TRUNK BYBTEM,
r-.. . . .. . 1D1- - Decrease.
Third week December.., 840,347 $154,447
Krom July 1 25,871.403 2i855;48J
DENt'ER AND RIO GRANDE.
Third week Docember... 3Oi,00O 80,ofio
From July 1 11,880,700 l.Oroisoo
CHESAPEAKE AND OHIO.
Third weelc n,r.mh.. ennr naa a,e, m.
f From July 1 18,484!s47 472!440
DUFPALO. ROCHESTER & PITTSDURQH.
November groa $003,303 $223,020
N't ,....,,. 128.100 100,020
Surplus o,080 134,700
CENTRAL OP GEORGIA.
November gross ., $1,002,011,
Net ,. 22.1,400
Five montba' grosa 8,230,010
November grosa $3,010,463
Five months' gross...,,. 27.481,328
MISSOURI. KANSAS AND TEXAS.
Third week December.,. JC83,77t XI8,(0
Irom July 1 , 10.200,721 Sislafl
COLORADO & SOUTHERN.
November grosa $1,442,772
gt -.-. 807.604
Five montha irrosa fl,s.ii,on
Net , 1.800,103
November gross $1,478,487
J-et ........,., ,, 413,(171
Jive months' greaa .... 8.122.2S3
CHICAQO AND NORTHWESTERN,
.-.,.u 'Oil. Dec.
November gross $0,202,041 $S02.004
S'L I-,,':' ';,''!. ' 1,227,807 IIO2..TA
lve montha' gross 87.024.010 1,742.152
?,fi,,,M ",0.10,700 022.774
eurplua ..,.,.,,, , 8.071,400 1,210,1M
Due from banka
Deposit of banka
Surplus , ,,,.,
Dec 28. '14.
...... $303 020.000
.., ,, 114,020,000
Surplus under old form: Dec SO,
Deo. 23, 1013. $8,380,000: Jan. 1,1911' it';
$"' & - t9.WJ.T50i bic 27, -ij;
NOTES OF THE RAIL
November groaai. ..
. 1014. Dec.
. H,!?02..138 172.00U
. S1,8PI,418 2,0:W,nl
.....,,,.,-,,.,,.. ,,.K-.,a:,n " lMt, tici
ha jI(?lJl,aVILl'E AND NASHVILLE.
lyorn lwtotmb" ."H!0,SS $270,085
Tom July 1 23.048;on 4,R1S;V&1
MINNEAPOLIS AND ST, LOUI8.
d week December $221801 a7Dl
Frt"" jy i ..:::;: b'ciJiwo ml
.TIJ.Pen.My,rnla Sonrlco Commission
of this State reports that Hit persons
were killed on steam and. electric rail
roads in Pennsylvania In the period from
July S, 1913, to June so. lH. Of these
$75 were trespassers, 3( jrero run down
on the tracks and $1 are known to havo
been intoxicated. Thera were 10,150. cas
ualties on steam railways. Ot this num
ber m were killed, embracing $28 era.
ployea, passengers, 655 trespassers and
Stockholder of-the Monongahala Rail
road Company, a Pennsylvania Railroad
subsidiary, today approved the proposed
Consolidation of the company with the
Ruckhannon and Northern Railroad Com
pany, under name of the Monongahala
Hallway Company. The consolidation
plan now will be submitted to the Pub-
........, lvpr , approval.
COAX RATES &EDTJfJBP JAW. 13
Penasylvania S?ublic Pervice Jotii
mlssiojt Rxe Etfectty, Date,
HARRIflBURff. Bee n.-Tho JMhUo
Servlse Ckanmlsslon today Usued an order
fUlng January i M tho dat on which
tho Philadelphia and. Reading, the Peon,
ylvanla. the Central lUliroadl of New
Jersey, the LfeJ5a Vil&Ztt1g ig?
ware, iaokawansa. aaa WeiiVrjri;
jail put late otkn tb4nretteS
LONDON TRADING NARROW
Undertone of the Market Was Firm.
Money Rte3 Easy,
tiiN??N'. Dec- -Trading In securi
ties in ti,8 street was narrow today. Tho
?n 5ECB waa 8mal, because of Yaln and
!i V8 ffnefa' carry-over proceeded
fiiT'. ln ,h? maln" the undertone of the
market was Urm. There waa light buying
?,. ,new,war eerlp. homo railway
snares, Americana and Canadian raclfica.
ihf""?.". b?nd8 were 'ncllned to sag on
the political crisis In that country.
--Ta i . ." f Mexican Railway issues
and of the Brazil Railway waa fiat, be-
- w iiuminai uona Oeraults. Argen
tine railway securities were bought on the
resumption of exports of grain and Hour
rrom that country.
ieniliers the st0clc Exchange are not
Increasing their atarops. indicating that
they do not expect increased business on
the resumption of dealings on tho Ex
change. Rates for loans and discounts
were easy. About iJJ7,toftfty Trill be dis
bursed in dividends and coupons qn Fri
day. The Bank of England waa a llghfc
discounter of pre-moratorlum bills.
HOLDS VI? B. H. CONSOLIDATIOM
Injunction Against N Y, Central and
liake Shore Merger,
NEWBURail. N. X., Dec. aH-Supreme
Court Justlco Tompkins today granted an
injunction restralnlns tha New Xork
Sl!?1 RaUroa Compaay from lsulng
WOCO.OOQ i pier cent bond and prohlbit-
fL'.8 consoIldaUtm ot the coinpBy
with the Lake Shore company pending a
trial of the allegations eet forth In the
application for the restraining order.
The case probaWywUI U trid at Qosfeen
In February next
$3B "'SaFSiTyi1 NATIONAL PANS
B. SSf'Q.V!!1 'W -tau-eetors of loll
amaadwaat fo AittcU jg , Alua elT
eoeUtteii w tkat the ,,, M 9,4 viu
152. kl"4, D4rewa shall eeasU ef
aot law to T &k wiwo taau U 4chaW.
SKlJHJ8 " 4i4 He BIr4 or
Mi 1 i Brian
ssajit,r.t.i "Msri ."-. l'j
.. t. " ' a-y m uq una aiiL
1018 c. ia4i
fap7T'f1."-' w V " 11" bsbbt aaaBBjaBBp avBaBiVHPwawafa