- - , -.EVENING LED
SWING
UPWARD
gjg-PqjgApBLPBlA; Tuesday: January s: IMS
MARKET BECAME
r STRONG ON SCANT
SUPPLY OF STOCKS
jjrhportant Issues Established
IpHigher Levels Wheat
C Sold at Highest Point for
E Many Years. ,
NEW YOniC, Jnii. B. A broadening
(commission house business prnctlcnlly
determined tho market tone after the
tearljr trading today. At tho start lowor
iprices In London and somo selling
Ifrom Europe Induced tho room traders
Cfto again talco a position on tho bear aide.
ilThCSO iruacm buiu uiiiuii lutiuu, oicei
Kand Amalgamated In tho first fow min
utes, but It was quickly demonstrated
that the supply of stocks was too acant
fto permit turns on tho short side, and
covering like thnt of. yesterday was
quickly In order.
i Around nild-day nit the Important Is-
I'gUcs wcro csmoiisiicu ai niKiicr iovois,
lionie of them nt better prices than had
iWn noted In tho last two weeks. Tho
P'hlglier prices held In tho lato trading.
Botlilcliom Steel again made a new high
.r.ni nolllnir at 49?i. nd the nrefirrir1
Si advanced ono point to 93.
f The decision of tho Siiprcmo Court In
f ptbe Danbury hat case, In which tho do
lt cltlon of tho lower court against tho
hatters was affirmed, caused moro
strength In stocks, particularly Indus
trials, Tho decision was used no a bull
argument for higher values. Intcrna-
tlpnal Harvesters showed an advance of
851, at 82; American Can Wt. at 27'.4; Peo
'pU'B Gas 1, at ll"i. Among tho other
'stocks to show advances wcro Heading,
Southern raclllc, American Smelting ana
Lehigh Valley.
Another bullish factor In tho lato trad
ing was tho sharp advanco In Hay and
July wheat. Tho advanco, which stnrtcd
'yesterday, carried tho prices to tho high
est point thoy have reached In many
years. Tno prlcos soared above thoso of
tho famous Fatten corner in 1908. There
was a belief that the United States, bv
i exporting such largo amounts of wheat,
I'would oversell Itself.
American uotton OH moved ud 3'A
points to 4M4. Tito tract ons continual
theavy becauso of tho outlook for ad-
Vcrao change in tho Public Service Com.
jnisslan law In nccordanco with state
ments made by Governor 'Whitman.
Louisville and Nnshvlllo and Atlantic?
Coast Line wcro dealt In for tho first tlm
Sslnce July no. Both showed gains.
The CODPer mOtnl situation la Htrnnrrn,.
than appears on tho surface. Ono orHor
for 1,000.000 pounds. at 13C w.ih tnrnorl
idown by n, largo soiling agency, which is
uuyr. iiuiuiui; ua meitu tor 14c.
4 Europe's sales wero fairly largo, cspe
Jclally In United States Steel common,
'.Southern Pacific and Northern Pacific.
.'Abut tho supply was not largo enough to
Oian?e the market tono exrent in n,
Initial trading.
.'Call' money loaned at Mi per cent, and
itatre appeared to be a large supply.
LIOOAL STOCK AND BOND SALES
Yes. .
10 AW In . . Cl'nSC-
"va Am Oa loo
10 Bald Loco pf. .10,1
'K!6Cam Steel -J
1? Klee Stor ,.47U
w ira co N Am.. D2
1 L Nsv t c 77
JO L Valley (10.1-10
S3 2inrthtvn riinfrni ot
J!! "" R '... Kl
j-u t-enna salt Mfe.lKl
2 Ppnnn H. nM,
1W Phlla. Eleo . ..'.'.' ii
" i-nua ii t tr cto. ll-?i
8 Phlla TratlAn ?n,7
JOO So Railway ..
1M Tonopah Uel..
l Ton Mlnlne .... 7K
1.12 Tl r. Tmn m"
PiK! JLBX'el- ! SOH
o . -rw tc Ol... 01
i v j t s a so
Ei-aivldenaa.
BONDS.
ff ?M Am a & n ss ssti
!'. lm BaIdwln t' PS..102
'4!l . D,.l ..- n4..
JE1 & Pro Tr?a. 77
Boo ni A-n -u - fvl
it mZZ JiDt ucv US UIKi
5Sg L Val Tr ret 4: ..
vSo V'v cona 44a nT,i
K 67
f , ncadlne sen" Vs." 03
iiyvtu jja ill
70W
-Tn
. Illsrh. Uw, Close
lu 1(1 10
ioo5 loo luoji
i(i.j ioi'!4 loaij
WW 44 45
4S 47U 43
W H n.
77 77 77
KVKi llflM (.011
Sl-S 83'A Sjfl
.'.in Ki Mh
no ik) no
l B SI
u nU ii
TOTi 7HH 70tt
14 14 HJ?
454 4i
7tt 7 7-10 ;u
snK son .".OH
SI 4 81 8lU
m n,i r.i
10 10 10
00 CO 60
High. Low. Close.
83 83 H 8U
102 102 102
101 101 101
0716 07 W 07 !i
7H 77i 78
BTft 1I7J 07i
Kill 01 U Olii
lOL- 102 102
88 88 88
II7H 07Ti 7Ti
07 07 07
01 01 01
SO 77K IVi
law, 101 lot
031t 0.'! M
07 07 70
PAILROAD EARNINGS
CANADIAN PACIFIC.
riunt, ..,. -. . IP."-... P?.aft:
IlintV "vc utctmmr. y.'.LSi.tKio Ji,im.'.i
I25""a 7'ji ivwi 4 .itj (ion
fiS?1 Juy ' 5B.5SO.S04 10.330.010
OltAND Tnmnf HTSTEit
illrtfc u..i. w . - .. . . .-
Mmiih craDer. ji.nu.tion $210,410
aS.?1 Ju'y 1 2U.B12.103 2.007.475
illRKniTlir Pininn
gwrth -week December.. 1.415.odo J248.0CO
SLOVIB, IRON MOUNTAIN AN1 BOUTJL
J1R2.301
400.337
.IR.1,462
1,071.747
788,403
773,310
jjvmnoer sri ?2,B5S,014
fj monlha' gToaa,,.,., 1,311,410
i., HOCK ISLAND LINES,
imlt'" ;:: 1.124.023
tyrMnojitha' grois,,,,,, 32,848.080
!L T.027,433
pcrw.e.
FOREiaN EXCHANGE
NKW -vrmtr t . .
Sf.."? lower this mornlnr with demand
I iiu.'mrv,' cablca. 4.83H: franca. B.10WW
QM?.' "W'ks. S7 for check, and 88 for
I'.tho
'.wiiner.
J160.811
43,010
1.614,777
102,327
" - ""' "XX AJNUAXtI o iuxb 3
LCESONTINU
In I Jmijia
afternoon exchanse ratea weakened
4S1U04-S3: franca. 3.17)4.
linuWA' .r'fV' : cablea. sterling. 4.83i
-" vtEi.uiir.
jJiTarket Reports on Pago 14
ANNIMI. S1EKTIN08
TUB ANNOAL JI15KTINJ OP TUB
Compaor of Philadelphia will ba btld
aft Offlf a! it.. -...... triK.TH Tia
n.HJ !'". on Monday, January HtU,
'V " ,' o'ciock noon. Seven directors
elacted. Pol la will cloa t 2 p. m.
JOBEPH O. BOZORTir. Secretary.
' JfltANKLIN NATIONAL II.U4H.
BiSt i vntatnnt btreeta.
K ,?S,?;aWHr home, on Tuesday, J3
5r i3 "? btwen the boura of 13 bmb
p Q clock p. pa.
K. P. PASSMORH. Caablar.
1 1gaWVESTIJRN N4TIOfI. BANK
. uiiaueipaia. .. January 4io.
- annual lMinn rn, -niAjM win ha
'Hih Bnklns Houaa an Tueaday, Jan.
-. ueiween nam. end i p. in.
UN1TOIID P. NIQB.
Gablr.
HKCtfl8 Of AfCOtNTANTS
NEW YORK STOCK SALES
Ai-..,- S.m ''""., 48 4R AB
Amcricahcn B.Tr'" ?' '"??
American Cat & Found 48
Am. CarAFdy.prcf.,,111
Amniiii. . v U,"I,,J
American Cotton oil'.'.'.! 30
AftwHIdjft licatherl! 4
12H
8
Am.do.r.eMh.prer
American Smoltlni pref.ino 100
An"-S,ur 10 104
iZ" i." ,acco- 221 221
48
M
27U 20 SOH
45 45 45
1HW 114H 1H
OWS 0UJ 50K
4U
8
4U
lOJf
?1
21
rn
100
42
8
4
20!i
?1
21H
rs
100
loajf io3
110?f 117
221 221
lmewJbaCro"I5ref:i03 103H iron
10
.8
254
MU
P0
0!)
C8K
OBH
481
D2J
118
85
10
51
10
78
M
now
09
(19
COW
49K
03)f
118
85
10
51
Am Woolen... ".r'"'1"0'4 lYi-
Am Woolen pref 7a 7
Anaconda Copper. 20 20W
A,c8n 04 P4Jf
AtCoastLlne oojf 00W
naHlmoM ft Ohio r.Ok r,0U
Jlcthlchom 8lecl 48f 40!f
Pelhehem Steel prcf... 02 mu
Brooklyn Oas u8
Brooklyn Rapid Transit. 85M 85
i romla Pctro eum ... 0j 1BU
California ret. prcf. ... 52)1 51
v-anoQian raclllc 157 167M ISO 157
S rl Lea Prof 100H 1005X 1005 100U
thno Copper. j. 34 33H 33 33J
Chlcaro Great Western. lOJf 11 10K 10J
Cn caco, Mil. & St. Paul K7H
uuisnonnncat 122
Col Fuel ft Iron
Distillers Securities lljf
'' 22W
Kllolstpref. 34J4
CornProducts 8Jf
Com Products prcf
Dtl&IIudjon 142
timers! Electric inu in'
Ocneral Motor R3H 81
ien juoior prer.. OOM
Goodrich Co 25
Great Northern pref. .. .114
Great North Oro. Cent. 27
narycstcrNJ 88Jj
Istctboro-Metropolltan. 12
Interboro Met prcf 51
Inspiration
Kansas City Southern..
Lcniqh valley..,
Llecct & M prcf
29W
88
123
21 ii
12
22S
35i
05
28
88W
122! i
21!
12
22
35W
8H
65
28U
87H
122
2IU
12
22
34 i
8M
0311
142H 142H H2)a
140H 141
S3 81
01M om 01H
2515 25
114U 114
27H 20JJ
03 02
I2W 11K
62)4" fiOJf
17U W(
215i 21'j-
.132H" 133 VWi 132!
113U 113f 113 113U
10!f
25K
114U
J7H
93
125f
52
10W
21 U
Louisville ANashTlllo.. .. 113JJ 12H 113JJ
MbU'SbBJI IOOJi 107 10QM 107
Mcilcan Petrollum.... 5454 64H 54!5 64
MIssourl.Kansas &Toias 8 85i" 8)4" 8)f
MoKan&Tej prof.... 20 20 20 20
Miami Copper 17H 17K 17H 17H
Missouri Pacific 8 8'f SM 8!X
Montana Power Co .... 42 42!i 42 42
National Lead prcf 104M 105 104 104
N. Y. Air Brake 57 57 57
N.Y..N.H. &1I 60 50M 55W 55M
New York Central 8G!f 87M 80M 87
Norfolk & Western 911) i 101 100 101
Northern Taclflc 100X I01!f 100H 10IH
Nat. Ry. Mexico 1 pref. .. 21 23 23
PaclfloMall 19W 18W 18M 18J5
Pennsylvania 100X 100)4" 100 10fl)t"
Pcoplo'sGas 110
Picfscd Steel Car 34K
Pullman Co 151
Itay Consolidated 10
Rcadlnc 140
Rock Island (
Rock Island pref. Hi
RumelyCo 4
Rumely Co. prcf
fc'eaboard Air Line 11!
118 117H 117M
35)4" 34W 34U
15') 153 153
10J4" 10H lOW
140JS 145)4" 145)4
ii ii ii
IK IK IK
3K 3 3K
10 10 10
12M 12 12)ii
Sears, Roebuck pref....21K 121K 121K 121K
84K
14K
58
4 IK
aoji
32K
133
37K
97
S2Jf
14
58
44K
35K
32)1"
133
37
97
83K
14K
58
44J4"
3514
32)4"
133
37K
07
Southern Pacific 82K
Southern Hallway .... 14
Southern Ry prcf ...... 58
Standard Milling ...... 43
Studebaker 30K
Tcr.r.fEfce Copper. 32K
Texas Company 132
a hlrd Avenue 30K
Twin City RT 07
Union Pacific. 117K 11SK 110K 117K
Un Pacific pref 70K 79K 7iJi 79K
Union Pac War 27K 27J1" 27K 27K
United Rallwayslnv... 8 8 8 8
United Ry In v pref.... 23 24 23 24
US Rubber 53 64 54 54
U. S. Rubber 1st pref.. .102K 103 102K 103
United States Steel 50K 51K 50K 50K
USStcclpref. 105
Ltah Copper 50
Wabash prcf IK
Western Union 68
S istinctiouse fc'lec fi9
West Maryland pref . . 31
Woolworth 00K
NEW YORK BOND SALES
105K 105K 105K
49K 49K 49)4
IK IK IK
59 58K 59
( 9 (.9 eg
25 25 25
91 91 01
Over 6 Income
From a
First Mortgage Bond
Several opportunities to invest
on these advantageous terms
are explained in detail in our
latest investment circulars,
which we are glad to send to
those Interested.
William P. Bonbrlght & Co.Jnc.
MORRIS W. STROUD, Jr.
Manager
CIIHST.VUT STHI3KT
Philadelphia
Uotton Detroit
William P. Bonbrlght & Co.
437
New York
London!
lllh.
. ni
.. ni
. 3MX Amr Tel- rll 4a
31SD0O do cvt -1!4...
S00O Armour Co H',4s ...,,, niu
loooo Atchison la ... .,;... nW
OTOO do cv 4s 1P00 ...... 01
roo do fia ....100U
))no Halt ft Ohio fli .... snu
KOO Unit A Ohio la ...... SOiJ
4100 do ev 4Us Mi
1000 IW10 I' t.K&WV la ... T.s2
1151!! "cth a,c"1 "l p n1"?
Wl do rfd Ba so
"u" urtiokn linn Tr fi
Low, Cloe.
ST
IW'4
(II
0 M
TB
an
loon
mu
.- '.vni, ....
1IIKK) iln ,-h. 11119 ... nn
JJOO.rtrook Un El tat Pnitii imi4
1000 HuHi Trm llldrt Ot... RT
iSilS . l 'PBthcr ll B.. OTH
fioon che A Oh cv -t'fct
',SS rll ' H!l.
JWO Chcs & Ohlofi....
KOOO Chi A Alton .IHs. .
2npn chl at wt ". .
lprl ciu fc Nwn m.
0000 Chl & Nwn r.sf. .
,Ji5S SS w eon B..
isoon Chi 11 ft o 4...
1000 Hill n JC. rl vi,. Am n
new Chl n q in .V!4.... SIH
!JS SL1 m" li Mt
n0" phi Mil ft St t cv 4U DO
'1JW Tll 11 I ft ! cl 4.. .77 j
S2SS TJ fit P M & O dob A. 24
wr'J2i cn ov o, 1.. ,.im
loon Corn Trod B tmt.... 04i
SH Dr" t'o O rf r.9... 41
2SS!l Hi? Sw:ur r"i' Mil
noon IVlo urn 4j.. v
4Kt Rrle conv 4 Per A. . .02'.
OOcm nrlc ennv In St 11 . nil..
1000 Port W ft U lm On .10
mno lncral Motor Us lnoil
1100"! Ocn r.lte db .".s mi,
ronil Him Mrn Sn Srvit
IRnm Him Man rrd T.V1
:iooo nock vni i 4iAa.... mm
10OO In Alcohol 4r...V. imii
moo inp con cv (li OS
nmco Interh Met 4V4s T4i
isono intorb n T rcf .".? ni,
2000 intrr Mcr .Mar 4i . . inv,
20ml K C Ft R ft t i 10711
"000 IjioIih ftrol 4 in'Sn.. ni
WOi) Ilfltn SIPI-I 4m 1011b . flflU
POOH Ticlrilo Onx rn mnu
WO p.K ft m T Is inm?
mini IiuIk ft Xnuli 4s .... 02
1IVO Mo Tup fii , so
120nf do rv Gs J!0
iUCdO dn 4s 42',
4000 Wor ft 1eox C lis ...101
awn Nat Tnho r. ns
.0-10 N Y Chl ft Ft I. 1st Is n.1
won n v citv aii,9 ir.n... H4
2IKm) ,n 4a 10.1.1 n.-,i
4onn iio is 101s n.111
271K10 do 414s nni
sinio do 4u mm mm
0000 do 44s, May T,7 10ti
2000 dn IUs Nov '.IT (hi
lonn IN Y fins It ft p 4b.. R.1H
soon v Y 7J H ft 11 Ra 101
Tnon N Y Itwy 4s TP4
ItHVin do fis ,1?li
200OO N Y Rtnto 4s lnsuf
noon N Y Tcy cru 4'As. ... fl.1
noo Norf ft Wpi Is w:
.isoon Nor IMc prior 4s Jni,
7,(xm Nor Pnc ki'O Ss ir
inoiMi Xor 1'ac ror Is "i
rnon nrp Short I.lno .1?. . mi
moo nnt ll Vmn .is nn
:thVi Pnoinc Trl Tm 01
2rlii iMnnmn Os loni',
vcm Ptnn.i cv .Is Mil
22noo do ov :iv.s mu.
loon do 4Hh ino,
innn Pcnrdo's Gas fis 1tn
inon Public Fcrv N J r.s... ST
l.-flOO Unv Con Conner 6s. lot
4iwi TirndlnK kmi -Is mn
inon Hep ir ft 3 .is 1010... not;
4no) nock Island 4s S2
4000 do rfd 4s CS
mm do .i sail
moo si r, I M ft So .is ... ni,
jpon Ki r. a- s p cn r. . ni
loonn fit Paul M ft M 1st 4s. 02W,
'mi ?Mnoirn A I. nai ..s.
IrtiO South Pell ris
inoon s ft N Ala .13 ituvis..
1000 Poinli Pac .s
:iooo smith Pnc cv 4s
STOOO' do cv ret I p .Is. .
I-0011 south Pnc rM 4s...
iwwn Routh Tlwy 4s
loooo Font h Ttwv .Is
?o(Vi Texas ft Pac 1st r.s. ..
4PO(YI Tpxas Cn cv Os
.w Third Ave 4s
loom Third Avo nil I M...
"000 xr fl ncd ft II of Cs.
tpoo ir R Ttuhber ds
4?0OO IT S SteM fls
Total sales, fl,KSt,noo.
ni
molt
WlVi
lf?
R.V4
mm, mi
n
001. KKlM
nou lOOi
l4 0.1
ni'i
Otu.
fvv,
cti.',
, Ml
UI.
, ot;
. (N;
n.-,
!)
n
101,
wo);
nns
OTU
ftfll't
1$.
w
.in
. "
J (SKI
1
HI
or,
sni
sn;
mi,
2.11,
24
MU
1oni
nin,
41
nMl
OTV.
02t
IKU
100
100 VA
nnw
.lli
,r,
oiji
onli
74
07".
.101!
10T
!l
nou,
1001,
10011,
01
so
as',
4tM
101
n!
m
R4
0.1U,
mi.
1101
101
miH
101
W4
104V,
Tl4
.12U
1WV
01
i-nu
S'lU.
IV'I,
SSV
10.1
no
II."
inoi,
n-.v,
ti'1
10nVj
lin
RT
101
!
txiVj
R?
(1T1A
KM
on
n2C,
un;
mu,
pov.
Ran
MIK.
R4H
r.iv,
nl.j
0.1
01
TO11
"ft
I niii
10(J
8T
m
0P4
04
100'i
fljl
80)4
RlU
7H(i
0SJ4
10t
on
ooi.i
8T
OTU
R0(i
72
RSV,
RS
no
os'.
si:
MW
sin
Rtii;
i.".i
n4
RO
110
o,n
MV
11." 1
11114
100
lon't
tuiii
miij
PS
n7W
.101
107
in
11 u,
KiOii
IOOIJ
III
RO
1ST,
42
101
01
01
SIS
PM4
WW,
imy,
104U
min
mi
Rllj
101U
71'i
r.214
10S14
0.1
n"u
K1U,
II2V
em,
1111
no
n.i
inoi.
11.IU
11114
mou
110
S7
mi
aiu
PO't
R2
os
a.n;
0414
nn
0214
ni' J
DOU,
rsn;
rw
sni;
no,
ini,
ivm
IK.U,
in
Id
"oj,
70
20
miv
100
STATEMENT
Corn Exchange
National Bank
Philadelphia
December 31st, I9U
RESOURCES
Loans & Investiiients,$17,600,762.44
Due from Hanks.,.. 3,559,235.43
Clearing House Ex
changes 1.025,047.10
Cash and Reserve. 4,205,568.48
S20.300.G13.15
LIABILITIES
Capital $1,000,000.00
Surplus and Net
Profits (earned).. 1,990,803.80
Circulation 289,600.00
Deposits 23,110,209.65
$26,300,013.45
NEWTON W.
CORSON,
Cashier.
IL
FRANKLIN
NATIONAL BANK
Broad and Chestnut Streets
III " IT'"1
Philadelphia, December 31, 1914.
RESOURCES
Loans and Dhcourit SJIIS"!?
DuefromBank 5,516,874.21
Cah and Reserve 6,304,472.46
Exchanges for Clearing House . . , 2,212,862.47
1 :i,:i:h Under Letters of Credit 317,207.15
$40,298,S'98.46
l(,H'Jlt t,.
t t
'1I!.(I
LIABILITIES
lanital .,....-.. t -Tv. H .
Surplus, and Net Profits
Ctrculauon . . .
Letter of Credit
Deposits
. .
..,.......
?
$1,000,000.00
3,492,876,51
445,000.00
317,207,15
35,043,814.80
$40,298,898.46
J. B,
lflTTKTHK 1PAAli1nt.
,MMMNH .-. -" ,
.n,a i, Vtca lrJaot. l""1". '" .
E. r. yA?SMOB h R biueijjS, Aut. ?Mhler. , ,
DIRECTORS
KataxUaut VL MorrU
EUwarilT. Stetatbiirr
Vtrnr C. 41sll
MUlt 'WJ ramrt
a. Aa4fu KriU. 'r.
0.e, IV. Jakrd
ATjarlUu i'rllu.U
.
en
W. H. AJfc
isuffar t j
. .ft!ir?
INACTIVE DAY
IN LOCAL STOCKS;
PRICES STEADY
Call Loans Made in This
City at 41 Per Cent.
Rise in Keystone Tele
phone Bonds.
Tnullnp was quiet on tho locnl cxolmtiKo
Uurlnff tho Rrcatcr nnrt fo tho day, with
only nnrrow nrloo lltictuntlona except m
rennsylvnnlii Suit, which sold cx-tlivldcnd
nt K), ngnliist ft lust previous sale nt 93 tho
iiay the quarterly payment wns cut rom
3 to 2 per cent. This momliiB's quota
lion, therefore, represents an actual dc
cllno of 3 points.
Ilnpld Transit and 1'hllndelphln nice
trie each scored a small decline, where.
most of the remainder of tho list dls
plnyed a Arm tone. SlornKo Battery,
Northern Central. Pennsylvania, I,ehlBl
t.onnT "Jni0n Trncl," nI1 " ""
In tho closing denliiiKs on buylnri by
c. a. Ilnscn nnd Ulorcn & Co. Cambria
Steel made n new high prlco slnco July
Jt Wi. City sold up to 101 for n email
lot.
Tho listing of J2.60S.250 Keystdtio Tolo
Phono common stock votlnp trust certin
cates on tho exchant'e, was an nttermatll
of tho formntlon of tho H9w votlnjr trust
In February, 19H. This Is n majority of
tho common stock, there belnff 5,000,(0
In all. Tho preferred and old common
ruled quiet, but tho bonds moved up over
a point to 914
The Lehigh Valley Transit Issues failed
o be stimulated by the decision rehdered
In favor of n subsldfary, tho Kdlson Illu
minating Company, In tho suit with tho
Eastern Pennsylvania Power Company.
The latter Is compelled to spend within
six months 1100,000 on the Edison plant
or forfeit Its lease.
tt wim learned today that call loans
have recently been made In this city aB
tow ns 14 per cent. Ono brokeraRo house
reported having obtained J2OO.00O nt tho
low figure. Tho ruling rato tlll remains
at S per cent., but Judging from last
week's bank statement It rnnnot hold
thcro long. Time money Is easy nt 44 per
cent. nlso. Commercial paper Is also
easier than It was nt tho end of 10H.
Wlillo most transactions nro still on a i.
per cent, basis, noto brokers have suc
ceeded In placing pnpor ns low ns AM per
cent.
RATES FOR MONEY
Coll.
IliiirA
VW
!
Milladelphl
Nw TorX ,
llmlon .....
Chipset
Merwtntlto pnptr. .1 to 0
tnl, ijjo per nt.
.....
(4f54
months!
Time.
tub
t'nilatlci-
Reservo Banks' Rates
Bank Statements Called For
WASHINGTON, Jnn. B. The condition
of nntlonal banks at tho close of business
December HI wns called for today by tho
Comptroller of tho Currency.
j
THE
Girard MatioiaS
December 31, 1914
Bank
.lUNKPH HAVNi:, ,lr., rrcvldrnt
i:VAN IIANItni.l'IT. Vice I'rrslilrnt rilAS. M. akiitav ...i.t..
WIKUKItbllKm, Vlre l-,r9;let A. IV. IMCKrOKIl'. Assistant Cashier
.M.1HL1) UAHKATT. Assistant Cashier
T. K.
Daniel Ilmisli
Ileorce K. llnrtnl
Hndman r. I.rl.rom
T. .Inurnn KlimlrN
IV. rrnlerlck bujdcr
DIKKCTOHS
lnncls II. neerrs. Clinlnnnn of the Hoard
Itolif rt Tolnnil I'ninrl II. lteevM, Jr.
Vqrrln 1.. Clothier (Irnrcr II. Iln..-nnri
msrpii inne, ,Jr,
I(dm (irllilirl
Urorgo .'Mt'lndddi
i;ni Itaiulolph
RESOURCES
Loans and Investments $31,277,365.18
Due from Banks 6,771,680.18
Exchange for Clearing House 1,735,576.10
Cash and Reserve 7,725,643.99
$47,5lb265!45
LIABILITIES
Capital $2,000,000.00
Surplus and Net Profits 4,349,649.10
Circulation 1,084,000.00
Deposits 40,076,616.35
$47,510,265.45
N't IV Vnrie
I'h.UiloIpMti
fhlcigo
ni, liuum ......
Cleveland ...,,.,.,,,
lilehniond ... i
tlnnrapolla
alls
Sn I'rnnclsco
CO
!
!
VA
' tk
i t -Iff
m
Dajrs-
W I)d
n B
n .-,
a n
"' nu
i i
$ $
fl a
nJJ nt4
5 IS
BANK OLEARINQS
Dank clearings lojny compared with eorrb
aponillnir day last two years'
.tun ,,i , n,n
I'lillsdelphU ..! iimi.i2 MJ.nai OS J.ii.mG.'ilR
TlnslOII ..... S-,4Vll,7lll .11,42l,a1 ai.JM.aiB J
jew lork..!!in).sj(i,4i:i n7H.lMt2.awi 4ihi,mki 8uu 1
-...nv .... .,vvtriv 4l,,-t(,10U ..l.llK.ill
BAR SILVER
Tho price of commercial bar silver In Now
Tork wa 41; cents, and In Inilon 22S, un
chanued Irom yesterday.
MININQ STOCK UOTAtlON
TONOPAU CTddftg v
.llm M..II.. 3W- JlS
MaoNatrtau ......,,.,,,.,
MHwsy ....,.,. o'
Mltpali Kxtenalon .....,....,, .30
Montana .........,,.,,,..,,,,,, js
North Star .,.,..,.,, M
Tonopah Detmont ........,.,.,, .t'
Tonopah Extension ,.....,,..,. j
Tonopah Merirer M
?
M
M
STOcta. jj
...,.......,.,.., JIH,., ,37t'
.......... 10T
(tt .
-T
Tnneih Mlnlnsr
Meat Bud ..
ClObUFISI.D
At aula J.
Illus Dull
Ileoth ...
IlulldOB .
c. o. a.
Comblnallon Fraction
plamondlleld 11. a..
Mo,Vnc.-";::::::::::::::::: -a
Clolrlllplil f-nnnnlliljili..!
Colilrteid Merger ,.1
.tiimbu Extension ', ,
Kf.wnima ........t.
Oro , ,
land Ken ,
Silver I'ick
M:scui.iANt:ot'a
Fairy Aitco .,,,,
Klmberly ,
Nevada Hilt ...,,, .,.,.. .
Nevada Wonder ,. ,
1 '
.10
.10
.11
.S3
1..7)
.1)79
'.Ml
"c ,cal
, V2S
10 ll.M;J
. Uio
It i.vwa
The Baek of North America
Resources
t,onnn nnd DlHCOimts. .510,954,709.80
Due from HnnkH nnd
Bnnkera 2.011,520.12
Clonrlnp Houso Ex-
cliunRi'H 1.4G4.7C7.79
Tronmiror of United
StntCH 113.85n.0f)
Cash nnd Reserve 2.730,842.04
Total
Philadelphia, Doccmbcr 31, 1914.
Liabilities
Cnnltnl
burpluH and Undivided
ProIltH ....
Clrculntion
Depoalts
$1,000,000.00
2,463,504.1,9
500,000.00
13.S18.1S5.5G
$17,781,690.25
S. D. Jordan,
Total .
Cashier
$17,781,690.25
THE PHILADELPHIA
NATIONAL BAN!
Philadelphia, December 31, 101-1.
RESOURCES
Loans and Discounts sa7.V79! mo sa
Due from Banks 9,5S7!765i74
Jixcnanges tor Uieanng House ..., 3,729,901.24
XT Ulu , 12,130,080.75-
vuu.wibxa jj.auii.,y UUUC1 iiULLUlH 01
Credit 3,554,335.67"
$66,974,416.23-
n . LIABILITIES .
capital btoclc :.... $1,500,000.00 '
Surplus and Net Profits (Earned) 4,884,670.82
ircuiauon . 648;99.7.50,1
xjetteia 01 ureuit 3,657,475.44-
Dpnn. Individual ....$37,278,045.89 , " ;
y tfanK 19,005,226.58. 56.283.272.47J
$66,974,416.23
T.TtfT T. tlTTM
crSSSIS13 -"-"t1' KAIUIY X ICE3BR. , , S
jasajpssas" twf DflSntsT-
DIRECTORS
i41WVJLJ llULirUUX. I it-A.M tlli. TT TIT.!? A Tr TTlfc Tw- nnn T " JL'JT .-. .
OlSOnOE WOOD. M wiTiNKiTA-iir ti Afni?,'Sf WftiiiVS. HyXSSJ'-j
T .T- T aw . .. TT -' UAAiLh
AI.KRKD C. HAimiSON.
KANDAIj MOI1GAN,
. JJV1U1J UCJHHUN
.A.3A 8. WINi
SAMUEL M. VAtJClAlN.
&
LEVI Ii. RUE.
wi-touius oi mercantile jpirms, corporations, Banks and Bankers InyitedJ
'""ii" .iiauuc buubui ana ooia, setters ot credit Issued
fytikcd yidLsndL
Plillailelplila,
DIlir.CTORS
December 31, 1014,'
T. tVIlr Brown
(iforge lliirnliaiu, Jr,
William Wood
John l'Ucalrn
Clmrlra II. fimltli
llrnrr IV. lllddlo
Clinrfru Wlii-tlrr
'William T. lllott
t'liarlm E. Incrrtoll j
A. A. Jackson
Bamucl M. Curivcn
ItUHOUItCEM
iAiana and InvrstmentB ?H,fi71.:flX.-Ii:
Exchanges for Clearing
House l,088,058.'ja
Due from Banks and
Hankers l.lOO.tlSR.SI
Cash and Hescrre 4,231,122.02
21,093,700.81
WILLIAM T. ELLIOTT, President.
WILLIAM POST, Cashier.
MAHILITIES
CaP'l' 11.000,000.00
Surplus and Undivided
rrollts (earned) 3,810,05.84
Circulation ',,., S3.1,jk)0.00
Deposits. , 18.03T,A3T.OO
SJl.0S3.700.81
WILLIAM Y. CONRAD, Asst.Csshler.
ANTRIM II. JONES, 2d A&sl.Xgshler
" iS
$15,000,000
Governmeet'of .the Argeetine Nation
Six Per Cent. Gold Notes
$5,000,000 Dec. 15.
5,000,000 Dec. 15,
5,000,000 Dec. 15,
1915
1916
191?
DATED DECEMBER 15, 1914
Duo Series "A"
Inued nnd Series "B"
Outstanding $15,000,000 Series "C"
Coupon Notes in denomi ition of $1,000 Interejt payable Juno 15 and December 15
Principal and i. tereat payable in U. S. gold dollars at Tho National City Bank of New York
EXEMPT FROM ALL ARGENTINE TAXES
Redeemable at 101 and interest on any interest date on ninety days published notice
These Notes are issued under authority of Law No. 9,468 of January 16, 1914, and are the direct general obligatiV
of the Argentine Government, whose faith and credit are pledged for the prompt payment of the principal and semi-annual
interest as they severally fall due. There will be embodied in, the text of each Note the following agreement:
"The Government of the Argentine Nation covenants that during the life of this
loan no more favorable conditions as to security will be given any other loan of
the Government of the Argentine Nation without equally securing this loan both
as to principal and interest."
Only one issue of Argentine Government Bonds has a specific lien upon import duties. The total interest and sinking
fund charges on this issue amounted to oqly $2,453,230 in 1913, or less than 3 per cent, of the total ($84,540,316) import
duties.
The total external and internal funded debt of the Argentine on December 31. 1913. was $525,493,137, The
amortization payments for 1913 amounted to $9,793,171, and the interest to $24,640,515, a total of $34,433,686 for the
service of the debt. As the national revenues in that year aggregated $148,266,329, the interest charges consumed, but
165-j per cent, and the total debt service only 23.3 per cent, of the total revenues.
The nopulation of the Argentine on December 31, 191?. according to official estimate, amounted to ,VI.Mb, the
preliminary indications trom the census taicen in junc, i v i -., arc mi "' "" ." " "' " 'V6iV; hm"
of Argentine is over 9,000.000. Buenos Aires, the capital of the Repubhc, with a population, as shown by the 19 H Census.
f i cn ci s .l- c .u low...)- !t in Nnrth and South America. The area of the Argentine comprises JH.UUU.UUU
or i.ji
r.' '. i .l. i i:,.J Cf... Ii- umiU rnvrr itin nh- TrMnn east of the Misaiasioni River plus the State
acres, aupenraposco upon me uim um t )'- ...., .., .-0.., ..- , , .
of Texas. ... 1 1... . i i i
A circular giving additional aaia may dc ixaa upon request
A,..r,'!t
Subject to prior s!a and chaag in price, we offer
Stim "A" Notes 100 and Interest to Yield 6
Series "B" Notes
Series "C" Notes
99H and Interest to Yield 6W
99H and Interest to Yield 6V49&
The Fourlli Street National Bank of Philadelphia
The National City Banlc of New York
Guaranty Trust Company of New York
MeUon National Bank of Pittsburgh
The Union Trust Company of Pittsburgh
ahau not have alt bun icttf. ThU aJusrlUtmt aftr a matter f rord t,nh
Continental and Cajfeipercial IVusf and
Savings BankrCUciiO
Illinois Trust and Savings Bank, CMeap
the First Natail Bank of Btcm
i :
Th
I'ubilo AcMui-Uut
Huuuiim raw
Edwra r. Ikl
Morria. ju vwibwi
-?- ."-T?
4ri,3VotwCKSCtt4JHaKlH ALI. ITS BRAKCHS
a auvl. ltsifa,.J bfflM5-