:xl.
;IjDay,
IS
;
(J:
STOCK MARKET STRQNAND ACTIW
mm STROM IN
WALL STREET ON
SMALL OFFERINGS
jroaaenuiy u .... B
: Caused Advances Cop-
tper Shares Up on Rise in
'Price of Metal.
I . wintr. .Tnn. 8. The stock market
BNbv , nn.i etive. and there"
'7. a greater breadth ot trading than
tSnrnmenthaaclec;aedto let the
Sffl,tS"i.".Si!
Pi.il In fore gn oxciiuii ....... ..-.,,,... ......
t&t considerably. There was a larger
Rtinw"' , .),-, tvnrn moroMnaulrles.
SUenaan i u increased scare-
fu f offerings. After tho opening thero
tr of onennt, but n3
(Jh day advanced strength developed on
-d buying movement. Tho featuro In
MgoodbuyinB n . .....,, Jn
rtSroad ehares which sold ox-dlvldend.
Kc these stocks wcro Now York Con
5 Great Northorn proforred. Northern
Sciflo and Union raclflc.
Tt the close soma railroad stocks were
IF i-limr last night's final. Heading was
IfcSffM 4. t U5V4! Missouri Pacific. 6. off
!? Canadian Pacific. IBB, off J. Tho
. wmalnder of tho list was strong.
retnaiiiucr j b..j tn centra
f i L loeclalUes, but later tho strength
t these enveloped the wholo Hat, with
tiw exceptions. American Con con-
i,LeA Its advancing movoment and sold
'JnTtoMH. an advanco of . Tho favor
!'"?. ...nmnn jriven for tho comipanv In
t 6fh. Government suit and the earnings on
i '" the common stock, whloh are said to be
! Slween 5 and 6 per cent, at present, wero
. riven as tho cause of tho strength In tho
thumc. .Unltod Staitca Stool regained Its
i Sice above Bethlehem Steel at tho open-
l ?l?wu farmer sold nt 61, up U, Whllo
r DU ' . - ,. tn,ti. urn. n KltA
fHhs first saie ui 'u .-." -- --.
f n : Later Bethlehem Steel again roso
8 above United States Stool. Rumors con-
IUnuo persist;""-. . "i"'-. .
iW 'Anialt tliat Bethlehem Stool common
!K trill receive dividends at tho rate of 4
Bf.Jtir cent, por annum.
fP Beading roso from 146tf to 147. Tho
buylng of this stock Is apparently accu-
KmuYatlng for banking Interests that has
ftwn In progress for over a week, and at
BBS??1..- timn a considerable short Inter-
K5.1UO 0" " ,, . n . ......,,,
if.jt DUt OUt at tno umo uio ruiniajimiu
Icommlsslon ordered a reduction of an-p;i:..-i
mfpn to Philadelphia has been
imit In a vulnerable position. Some ot
,.. .hnrts have made urgent offorta
E' tb cover, but so far have been unsuccess
4$ful, as tho market has been steadily
fri.v'en nwav from them.
Kl --,i.nin nf n rnmtnor movement in
llfi Third Avcnuo brought In many buying
J herders, on which tho stock roso from 37,
SHS'at tho close yesterday, to 40.
B The advanco In tho price of copper
jK,ntal In tho London market exerted a
ifKtpeclal Influence on tho copper stocks.
'Hi Amalgamated made a gain of to EB;
Bi8 American Smelting roso one point to 60,
and Tennesseo Copper ndvnnced to
835. Theso wero two exceptions to tho
reneral show of strength. Missouri Pa-
clflo yielded ono point to G, and New
HAven vieiucu Vrt 10 oiiii. twiiKiieus 111
SKeW Haven Is attributed to Institution
gelling made Imperative by tho fact that
'a. fall vear has now passed without a
'Sj dividend payment, tho last disbursement
ijp .!. ., n...v.nH eft in19
rji, ceioa muuo uu ouiJiuiiiuui ov, .
Call money loaned at 214 per cent
Demand sterling was quoted at i.szyi.
..k.nn.J wnm TiA !. v.atnrilfltf
;S MllVUUUbU ..will t.,u ivh .rushu.uuj.
Thet vohani mnrlriaf rnntlnltpil llR lln-
Ward movement In Chicago today, May
going to fl.41 tho highest prlco In recent
years.
May wheat sold on tho consolidated
Stock Exchange at $1.50 a bushel, com
pared with a closing prlco last night of
H.47H.
The known movements of currency this
week Indicate a gain by tho banks on
operations with the Subtreasury of $8,162,
WO. They received from tho Interior
JI6.8I7.00O. and shipped to Interior 16.654.-
W), Including $2,701,000 national banlc
notes sent to Washington for redemption.
Gain from Interior was $0,993,000. Loss
on Subtreasury operations proper
'amounted to $1,831,000. What must bo re
garded as gold exports was tho $2,000,000
gold bars withdrawn this woek and det
posited here for account of tho Bank of
Stance.
SHORT TERM NOTES
- rt WUD. J1U, ASK.
Am Tel & Tel mb... C Apr. 1010 100lOOii
Tfntn Ct ra. nt J i
Ihrlrt. n T
En A n nv
uuij IViO VO'M UU
Kctl & Wcet Ind.
DO
Kopt. lfUS
m
1)7
I ni?
iwi u u
Erl R R
0ta Motor Co...
MV4
BW-Apr, ,1017
U . Oct. IMS
nnU n.i
1001-101
OOS-lOO
OliTi 06U
lOOli-lOOti
ftn nhhap
4H July
IMS
1015
jiocx Valley
SUcHill Bo n R..
n May
Nov.
Sept.
Doa.
May
Apr.
Sept.
Oct.
Sept.
Bept.
Sopt.
Xl.w
11)15
11113
inn inn:
1X0 & U BO It 11..
K liir Kitv. .
11)15 100 1001
iviT unu no:
1B15
1015
1015
1015
101(1
1017
1015
1015
1011)
10111
1MT
1017
UI18
OOHi-- 00',
NYO&H R .....
INYC&HK
1ISK 00
lOlg-im
103 103
v n.v
t City .
.!
4 I Llty .,...,,
IVHlf All
icmt iw
0ff!i 01
Penn R n mnv. ,
314 Oct.
6 liar.
IStibd Air L, Ry
(lOii 119
uinJ hr
fcnnnTn irnrv n
0S OS',
teeJ sas s
May
May
May
win- va
anij-iooji
WMtW tuii, U
RATES TOR MONEY
rn II mi
delDhla aZk ASSir
l&'i?s,"u0"
ivi.i "ti vvwrva
Reserve DonkB Discount Hates
-Dayi
00
tphll..if. ti.....t .......... 4V
0
5
B
J
B
6
B
OH
B6S
iBotoii tmm. i.t 4
Cl"luid ........ iT
5
6
liufSJ?111 4H
G
IKllaTrl,', ............ Jh,
0
MtauMBi ''" V .
6
... a on
0
jga rranciaao ....,,,,,,....,, 4K bjs
Foreign Discount Bates
Buik IMtaoriaat
rate, change.
Kn,.
t'lMMMMtl
....... a Aug-. , auii
... ,..,., O AUr. 20, 1011
Kiiut.'.",
.... d ueo. . JUL
.... 8 Au. 21, 1011
.... 5H Oct. 3i; 1011
it. ' .. ....
Kir, ' ' ' '
pKserve Board's Annual Report
RiffiS ,M;V",,r''n. 8.-Jrh annual report
KnSSi v?tT1 Rerva Board, It wu an
tvSt Moiay' y,u b aubmltted to Con-
E? ""N lac lta belnnlns la Aupuit.
DIVIDENDS DEOnARED
BflffiS-r VnU,n . T8t Company, mular
IMSfV V. . " cent., payaom January zo la
KM M vcotd t doa of bualnuu on that
S" National Bank, regular quarterly 24
January 'fa i """""T " ' c w rw
W B.tS "hjlng Ctotnpany. regular quar-
W Janui,'u5"u'g ","lry w ' "'
h.i.. ... "1-
ttww il n" company, or DUwar, uauai
W 5aouaryai'lbl jBouat? & "
-.vrn '!.. Tltl and Ra-vlnra Com
"fuii a pr eint payable January io
'M Suit jiubbr Company, regular quar
,2i ."A- on common, 3 per cent on
erred ani 1U per cent, on aeeond pre-
-i paucis January DO to etocK or
JaBuarv is
M nir Uanufacturera vtuil quarterly
Fj"'v' I7 j, a rilu -
NEW 1 0RK STOCK SALES
., . LMtSatS
J'MVnPflMMInei 2t,
wnmtA Copper.. F-nj
irrtlcanntet6utaf... -3H
AtTfricanCan, ..,.,,. ni
ffrrrlcancanprcf. . . P31f
Amot can Car Found. 4M
AWMlcan Cotton Oil , 4lu
Awi'tijfttl g)j
AflietlcanlAcomotlTe.. 24
ITInh Ww Close
?7h 'mi von
6W MM MM
cm na'f n
?0M 2PM 2!)M
P4 P3M l3M
4fiM 45M 4fiM
4.1M 42 43
8' RM RM
'6H 24M SOU
00!f fiO 69
104M 10.1M lOM
113 112U H2H
110 118W 1I8
220 220 220
105 10JM 105
20M 20W 2fi!
MM MK MM
00M 00 00M
no r,8M nM
TOM 00M TOM
C2M 6IM 51M
07 '0 Mti
8'M BT.U 8h
10M 10M MM
1S0M 155M lSfii
now nsu ?8'
101M 101 10Hf
!t1Xt .13V S3M
Am, Snsar..., ...103'f
Atmlcan Bupar pref.. . .113'
AlrrrlcanTcI. ftTcl,...11fiU
Arrrrlcan Tobacco..,.., 220
American Tobacco ptcf.10.llj
Anaconda Copper. JOK
Airnuon p4tf
AtCoastMno no'
TtltrcreftOMo ro
Dalllmoro&Ohlo prcf.. COX
Drlhlehcm Steel 52
JWMthfm Bleel pref... po
nrooVlrn Rapid Transit. 85
California Petroleum ... low
Canadian 1'aclflc lsnu
Crnlral Leather 39
Crntral r.ea prcf ..100f
lb no Copper 33
Cblcapo Great Western . 10M
Chlcaco, C3re.itW.prcf.. S8H
CI lento, Mil. a si. 1-aul S7
CWc.Mll.&st.l'.prcf..l2S
Col luel& Iron 23)f
ColoradoBo 25
DIsttllcM Securities.....
22
Erie 1st pref..., 35
Ctrfoloas new
CornProducta p)(
Com Products pref 00
L'cnm and Itlo Grand. )(
Central Flcctrlc 14m
OencralMotor 84
Goodrich Co ... 2flH
Great Northern prof. .. .115
Great North Ore. Cent. 27)1
Harvester N J MH
Harvester N J prcf 118X
Ji fen c 10-A ttuioiltan. 11H
IntcrfcotoJIctpref fii
international Paper 8
Inspiration is
Kansas City Southern... 21 it
Lcblch Valley 3W
I.outsrlllq& Nashville. .112K
Maxwell Motor 17J-1
MWRellMolor 1st prof. 48
Maxwell Motor 2d prcf. 10!f
M tP&SSM lOOJf
Mexican Pctrollum.... 62H
MIssourl.Kansas&Toias bit
Mo Kan & Tex prof. .. . 2B
M laml Copper 17
Missouri Pacific 7H
Nevada Consolidated. . . 12If
N.Y..N.H.&H 63J
New York Central .... 87H
N.Y0.&West 22H
Northern Pacific 101W
PaclflcT&T. 22J4
10M I0M 1"M
2S 28 28
STM 87M 87M
125 125 125
2f. 24M 2GM
25 2ff 25M
10M 10M 10M
22U 22 22M
35 34M 34H
110M 115M llfiM
0M 0M 0M
07H 07M 07M
5 4M 4M
142M 141M 142M
86 F4M 85
20M 25M 2flM
114M H3K 113M
28M 27M 8
DIM 0IM 01M
110M 110M 11 M
MM 11M HM
iOM COM COM
fi 8 8
18 17 17'f
22M 21M 22M
134M 133M 133M
115'! 113M 115
18M 1TM 18M
40M 4SU 40f
20i 10M 20M
100M 100M 109'f
52M 62 C2M
8M feM 8M
20M 2CM 20M
17M 17M 17M
7M CM CM
12M 12M 12M
54 52M 63M
87 S0M Wi
22M 22M 22M
101M 100 100M
27 27 27
106 104K 104M
118 117 118
17 17 17
35M 31 35M
24 21 24
lOtf 10M 10M
147M 14GM 1-1015
8J 83 S3
H H '(
1M 1M 1M
20M 20 20M
76M T5H 76M
2M 2M 2M
14 13M 13M
38M 38 3SM
84M 83M 84M
15M 15 16H
68M 68 C8
30M 30M 30M
33M 32M !i2i
135 135 135
40M 38 40M
07 07 07
CM CM CM
118M 118 UMi
80M 7l K 80M
27M 27M 27
0M 8 8)
25M 24M 26M
67M 65Ji 60M
103M 10J 103
61M 61M 61M
lOOJi 100M 100M
71 71 71
60H 4BM 60
1 Hi i
00 60M COM
71M 71 71
14H 13M 13H
S3 80 b3
Pennyhanla
lVtt
people's Gas
1 lttsburch Coal
rtessedSteol Car....
Railway StcolSprlne.
Hay Consolidated....
Iicadlnc
Itcadlne 2d pref
UnpL- Tclnnrt.
117W
. 10H
. 34
22H
. 10f
UGH
80H
If
Rock Island pref.
UUU.JMUUUViW....,.ll X,
IK
Republic I. &S. pref... 75
RomelyCo. 2H
Seaboard Air Lino 13
do pref 38
Southern Pacific k3H
Southern Railway 14U
Southern Ry pref G8
Mudebaker 3GH
Icrrctnc Copper. 325 J
Texas Company 135
IhlrdAyenuo . 38
TwInCItyRT 07
Union Bae & Paper .... 5H
Union Pacific. 118
Un Pacific prcf 70H
UnlonPaeWar 27H
United Railways Iny... 8K
United Ity Inv prcf. ... 24
h S Rubber 65
U. S. Rubber 1st prcf...!03K
United States Steel S1H
h itbteelpref. 100
U S Express ..
ii.iiin.ui' CO
Wabash pref 1H
Ucstern Union 0
(sun th wso Liec 71U
estcrn Maryland 14,
WellsFarco 77H
Ex-dlvldend.
Total sales, 214,200 shares.
NEW YORK BOND SALES
High.
Adams Express 4a.... T0!i
Amcr Hide & Ii (J3..101
Amer Tol clt 4b 87V4
Amcr Tel cvt 4Ks.--. M
Amer Tobac 4a 071
Atchison nUJ 4s stp.. $!
Atchlaon 4a V2
Atehtnon cv 4s 11)00.. Ill
Atlan Co Lino clt 4a.. Si!
Halt & Ohio 4a hW
Halt A. Oh cv 4Ks .... 81
licth Steol 1st 6s 00
Heth Steel rM 5s.... 87
Ilrookn Itap Tr Ba 1018 09
Brook Un Klv 1st 5.. 100
Cent Leather Sa VVA
Cent l'aa 1st 4s 87ft
Clics & Ohio cv ins... 71
Chi & Alton 3a 50
Low. Closo.
150O
2000
2000
273000
SO0U
S0OO
2S000
3 4 000
KOCIO
COUO
10000
18000
1(100
2000
4000
1100O
46000
4000
1000
100(1
10OU
I1O0O
02000
4000
2001)
2000
CO0O
1000
2O00
20000O
J00O
SOoOOO
WHlOU
2000
10000
1000
20.1
5000
10000
1000
MX)
3U000
1000
11000
1000
730O0
149CO
1000
2000
11000
WOO
bOOO
Chi Ut West 4a, CSV,
Chi & Nwn sen 4s..,. 00
do 5s 101H
Chi B & Q 4s uM
do 4s bUh
do rog 4a l5
Chi U & Q 111 SHs.... 8I(
do 4a UJiJ,
Chi M & St P 4a 8S
Chi Mil Pug S 5a. Olii
Chi Mil & St P cv 4Ws 1X5
Chi Mll&St P gen 4l4s.lt)
Chi It I 4: P COl 4a. . . 21T1
co 4s ajj
Chi ltya .'.a PO
Col & tiouth 4a hW,
Uol & South 4is K
Con Dcvti W I Ill),
Cumberland Tel 8a.... OJji
Del A Hud 41 101U... Wti
a uu
hi) 80V4
82 V) 82 W
i; liiu
wS 10H
30 80
-'H 03i
tM et(5
81 81
101 101
looy, loou
ueu u io ur nu os.. ,,
Urlo conv 4a Sr A... C21
do conv 1 Ser 11... OM
do 4k 81
General Motor 6a ...j 101
Georgia. & Ala Ba ..lpOW
Hud Man Ba 28
Hud Man rfd 6s .... 75
Hock Val 4a WS
111 Central rfd 4;..... 85
Insp Cop cv Ba lOlO ., 1M
Insp Copper cv Cs .... UM
Interb Met 4U 7Jla
Interb It T rei 8a .... Mj,
Alcohol 8a OOli
K 0 Ft a AM fla ....10?
Kansas City Co Ba .. 00
Lacka Steer 6a 1015 ., O'JJi
LacUa Steel 4a. 1028 .. 01
Laclede Qaa 1st Ba .,lpO4
Laled Gas rfd Ba ,, 07 Vj
I.k Sh deb 4a 1028 .... 01
Lk8hdeb4al031..,.&0
LIB & M T Ba .100?
Lorlllsrd B ....... ...lopH
Louis & Nash 4s ..,, 03
Lou A K O lit Ba mK
Manhattan 4a ta gyb
Nat Tube Ba Da
N Y Air Urake cvt 6a. W
K V Canal 4siuo0 .,.100
NYC & Il3Hs.,.,., 80
N Y City 4 1U50.,.., UM
do 4fts May ...1?4
N Y da H A Pa,,.10l4,
NYNlI&.HOa 105
N Y iBwy 4s ,,...-.. lift
N Y State 4fe lOStt
M V Tel gen 4ns. ..... IHv
Sortv"."!;-"-,1
Nor & V cvt 4i. ..IW
Nor Po prior 4s..., Wtt
Nor Pao gen 3a gft
Oat Stiver. 6.. WJ
Ore Short Llnj BJ....lM!i
Ora Ily & K 4a...... 89
feafiJpfcB
PaKlflrt Tel Oa IU
U00O
3000
8000
1000
2000
100O
4000
6000
1000
2000
22000
4000
10000
3U0O
1000
6000
6000
VXU
7000
1000
5000
2000
0O0O
10000
25000
34000
2000
1000
S0O0
1000
K0O0
6000
1000
1000
sooo
lcoo
6000
1000
26000
2CCO
looo
iooo
i88S
1000
100H
looU
i0(W ioo$
103 J03
811 80M
IK Hit
ifigH JpBVi
OV
?:ss4.ai348.:: :.:e
;,; m. u
-v.r- ' V. . o
naadlos sen U 54
Itspub Cuba. 6a "H
Iloek IaUnd 4a. . .. 62
IK)k Island rfd 4a. . . JH
Rack I and Ba . j H
RySt Springa to ,1921 B
St L I M 4 B aif 4a 67J,
Bt L I W & Olf Sa 37
stand s!oUt1.. ,
ebord A J- adl Ba . Bft
South B?ll Bj, : Mu
South Po col 4
do cv 4 i---j. .,i. SJ
37 ST
sit
do e,rc ipw
do rM 4 i y
fioutb Swy ftt ....
filtnC & Ir - -1!
feaM S Paa 1st M
Ssf 'kfa?::: .::
8S2 m
0OU U5V1
f8 07 87M
vS. ioo4i loo-S
BJ 8T
0Ci 02
sa 86
wsfl 05
67 H ervl
li: E m
7 ij i"
gift it14 sh
v Klr- '" to
I 78
RAPID TRANSIT
HEAVILY SOLD
1 PHILADELPHIA
Internalional Smokeless
Powder at Highest Point
in Two Years Money
Easy.
neassurnnco from official sources thnt
the Government would submit nil sugges
tlons regarding changes In the United
Un,a. Improvement organization td tho
Imnnngomcnt beforo attempting any legal
action, helped to hold tho Btock firm on
tho local Exchange toilay. In fact, a.
smalt fractional advance was scored dur
ing the morning on odd-lot purchases.
International Smokeless Powder shares
rose to 23 on 'Chango, tho highest price
at whloh thoy have sold In ovor two
years. The company Is doing tho tlggost
business In Its history, It Is said, work
ing night and day and obtaining almost
double ltB usual prices on foreign ship
ments. The general local list rcneciou
tho firm tono of tho Now York market,
nnd small advances woro tho rule, A
block of over 1C0O shnres of Ilapld Transit
certificates changed hands at 11. An ac
count was ruported to bo In liquidation.
Director Taylor estimates that tho city
transit plan will require 117,000,000, of wnicn
$30,000,000 is sufficient fo rtho present. Tho
special election wilt probably bo held In
tho spring. Tho plan provides that tho
city construct tho now lines and leaso
thorn, giving tho Itapld Transit Company
first option as lessco and operator.
Tho llrst salo ot Heading stock which
has been mado on tho local oxtthaligo
slnco Monday occurred Just beforo tho
close this afternoon, when u. slnglo aha.ro
changed hands at 78. On Moilday seven
slmrcs sold at 71 11-16.
Tho Lake Superior groups failed to ro
spbnd to reports of Increasing orders and
general Improvements In trade conditions
In Canada. It Is understood that de
splto enforced economics by tho rail
roads of the Dominion and restriction of
orders and slow collections tho company's
earnings held up to about parity with
tho previous year. For tho first flvo
months ot tho present fiscal period net
earnings totaled approximately $1,000,000.
Money was exceedingly easy, and call
funds wero In good supply at -U4 per cent.,
although tho official rate Is still main
tained at S per cent. Tlmo money Is
offered as low as 4 por cent, but tho
country banks have been withdrawing
from tho commercial paper market of
late, owing to tho narrow margin of profit
now obtainable.
LOCAL STOCK AND BOND SALES
Yes. 2:40
close. High. Low,
n. in.
10 Amnl copper . . ... ,
14 Bald Loco pf. 102W
10 Hrooklyn It T. . .
35 Cam Stoel 15
B44
M'
B4H
1034
80
45
B4
!&W
22
20
07
B3
&
80
23H
102U,
102t4
SO
45
M
g
2!)
07
1
627,
80
23H
80
45
2 cata 1st pror.
H
4SV4
12(1 Kleo Storace.
4Sii
20 Ins. Co N Am...
115 Int S P & Chom.
10 Leh Valley ....
10 Nov Cons Cop..
75 North Central..
2U
07
m
COW
S3
W I lli 11.
DA
101 Penna n IV... 53 16-10 B34
1 T'h r!n eum nfd. 30
.10
10 Phlla Electric. 23
2035 P R Tr tr ctfa. 11
4 Phlla Traction. 70
1 neadlntc
723 Tonopah Helm. .4 7-18
23T4
11
11
11
78V4 78U 78J4
IW. 78 73
47-18 4 7-10 4 7-lfl
110 Tonopah Mining 7Ji
Liu uiluuji ...i.iia , in
73 Union Traction. 38W
7T4
m 3.3
31)
81W
B114
m
47 umtea uas imp. i
290 U S Stoel .... Bl4
81V
B1H
81H
2:40
P.M.
HI
SI
BOND3.
Last previous
sale. High,
Lorn,
1000 A O & E OS.. H
1000 Baldwin 1st Ba. .102
31 Cam Stool'scrtp. 07(4
800 Ul & Peo Tr li 81
HOOO Loh N cons 4Ws. 07J4
HMi
102
07"
81
81
0211 vnna uo acrip.. m
4O00 Head Jer Con 4s OOU
OOH
03
3000 Heaainir gen a. uj
HALF HOURLY SALES
10 to 10.30 A. MC.
100 rhlla P. T t c 1 7 Penna M 1-lfl
100 do It 3- do B3 1-10
0 'Penna W 20 Union Trac... 3V4
10 Phlla Eleo... 23J1 14 Bald Loco PfiW2
25 U S Steol.... 5li B5 Penna 63 1-18
COO Phlla H T t o U ,10 U S Steel.... Biu.
100 do 11 100 do 6J
nctn do ti 5 do ol
n do. 11 BOO Ton Helm... 4 7-18
00 do 11
10.30 to 11 A. M.
1 Eleo Storage. 48 20 Ina Co N A.. 22
5 earn Steel. .. 45 1 Phlla It T t o 11
CO Eleo Storage. 48W 100 do 11
10 Amnl Copper. Blji BO do1;....... 11
10 U S Steel.... 51V4 15 Intnl Powder. 23
100 Intnl Povtder. 20 80 11 S Steel.. . .Mi
1U CI I. .... . 81H t Cam Steel sop 07H
5 do. 8Ui 600 B & P Tr 4a hOy
35 Union Trac... 38t$ 800 do 81
B do....". 88 281 Phlla Co acp. 01
11 to 11.30 A. M.
m Phlla It T t c 11 10 Nov Cona. .. 12W
40 do......... 11 10 Phlla II T I 0 11
8 U O S1J4200 do.. 11
15 Eleo Storage. 18W 10 Union Trac... :!4
so li fl Steel.... 51H 2 Cata 1st pfd. 54
bunion Trac'.:: M BO North Cent.. KjH
"5 North Cent... KIH 1 U G I Stvi
!io uaI,.T.. flS 2 Phil Co cm pf 80
10 Loh Valley.. . 07 15 Phlla n T t c 11
11.30 A. M. to IS M.
jn II S Steel.... 51U 2 Tenna M
? Penna ... ... t,W ION Hav I & S. M
1 do ...... B3 8 Phlla Co acp. 01.
jo'Cam Steel,... 45 1000 Head Jer Cen COS
13 to 1S.30 P. II.
T p.nna B3H 7 II Q 1 8tU
J, r"rto... .::.. M 20 Penna 6.1
SO Cam Stoel.... 45 80 do M
2Ienna W 80 do......... 63
10 N Y N & H B3
13.30 to 1 V. M.
100 Tonopah Mln. 7'i 100 Ton Belm...4 7J8
4 PhllaTrrao... 78H
BONDS.
tSOOO Heading gen 4a.. , ,, 03
000 Am Gas & Eleo Ba, 68
OOOO Ix)h Nav cona 4Wa 07J.
1000 Leh Nav cona -H .. B7j
1000 Ih Nav cona 4 OH,
TO Phlla Co scrip ,..,..,..,.... pi
1 to 1.30 P. M.
15 Phlla Elec... 23't 10 Brook It T,,, BO
23 Ton Delm.,,4 7-18
1.30 to 3 P. M.
1 Penna B2Ti 25 Eleo Storage. 48U
23 Eloo Storage. 48W BO Phlla ItTtoll
1 fteSdlng . .... 7310UTon Helm.. ,4 7-18
10 Tonopah Mln. 7H
BONDa
1000 Baldwin 1st Ba , .,103
3 to 8.30 P. M.
100 Phlla It T t c 11 8 Penna ....... 62
41enna ....... B2T4 60 II 8 Steel,... 61
6 Eleo Storage. 48 40 Penna .... .520.13
00 Untop Trac... 88
BON PS,
100O Spanlh-Amer Iron 8a... ..,,,,,., ,100ft
8,30 to 3 p. ar.
T Penna B2M 18 U O 1 81
4 do of4I 25 Phlla Eleo.... 24
25 V B Steel.... JHi 10 Key Tel pfd. 81
a Union Trac... 80 2 U a I. ..!.., 81
10 Keystone Tel. 14 20 Cam Steel.... 45
HEAVY GRAIN EXPORTS
1
NEW YORK, Jan. B.-Bradstreet's ex
port of wheat this weak, 10.36,000 bushels;
last week, 7,100,000 bushels: last year.
6,401,000 bushels; alnce- July 1, 107.132,000
bushels; year ago, 153,99?,000 bushels.
Com shipments; this week, 632,000 bush
els; last week, 1,153,000; last year. 01,000.
Corn shipments since July 1 amounted to
7.866.00O bushels, compared with 1,270,000
bushels during thai lamo period of 1913,
Ocean Freight Rates Advanced
WTON, .Jan. 8,-Ocean freight rates
i sort have advanced 10 to is cents
ria uuuU Tlw maximum lawcase
eoiioa, new rataa on wbicq now art)
tnbHaU li
Kin&
jm
taw. a.M i
Goofi.
- TOEAT PRICES CONTINUE. UPWARD
LEAVES ADJUSTMENT OF
. BALANCES TO BANKERS
Drop in Exchange Rates Ends Plans
of England and TT. S.
LONDONt Jan. 8. Tho Treasury of
ficially announced today that, In view ot
the fact that exchange between the United
Stales and the United Kingdom has bo
come practically normal, there is no
longer any necessity for further con
sideration by the two Governments of
any plan for the adjustment of balances,
and that the question has been left to
tho respective bankers ot the two coun
tries. It has already been felt In financial
circles that any such artificial measures
as tho establishment of a 1100,000,000 credit
In London against which America could
draw to pay her debts to England are
now unnecessary. When Sir George
I'alsh returned to London nlth H. P.
Davidson and other Now York financiers
to arrange some solution of tho ex
change situation, It was predicted that
this scheme would bo adopted,
Kven now It Is admitted that aomo pro
vision should be made agnlnst war emer
gencies which may arise and again dis
arrange credit machinery. Whothor this
will take tho form of a modification of
tho original scheme or of somo fresh
measure Is not known.
Mr. Davison and Wlllard Straight, who
aro representing J. P. Morgan &. Co.
and other New York financial Interests
In theso negotiations, left yesterday for
Paris on a short business trip.
WASHINGTON, Jan. 8.-Ofllclat an
nouncement was mado by tho Treasury
Department of tho conclusion of iicro
tlatlons looking to the adjustment of bal
ances betwoon tho United States and
Great Britain. The statement was Identi
cal with that Issued In London,
FINANCIAL BRIEFS
Boston and Maine stock sank to a new
record low mark Int Boston today. It
dropped to 2GV4. a slump ot li from Its
opening price for tho day. Several days
ago the stock reached 27.
A Pittsburgh man who dropped Into tho
olllces of Pennington & Colket, In reply
to a question as to how business was In
his city, said: "Tho town Is looking
great these days. It Is so dark at 2
o'clock that you need a searchlight to
find your way about, and I am now carry
ing four handkerchiefs to tho ofllco In
stead of two a few weeks ago. Theso are
my Infallible signs, better than all your
figures, that there Is something doing In
tho old town."
Tho Erlo Railroad Is arranglnc for tho
financing of Its maturing obligations.
There aro H,550,000 notes falling duo this
year and a new refunding mortgago Is
understood to bo contemplated.
Charles V. Thackara was elected vice
n..i,ini .nri trpnmirpr of the First Mort
gage Guarantee and Trust Company.
At tho Southern Pacific's annual moct
ir a ....n 7 atrw.tfinlrtnrfl will bo asked to
voto on merging six companies Into o
parent corporation.
Deposits In 839 Kansas Stato banks on
December 12, 1914, aggregated $118,692,455.
..nlnff nnv fnrmpr record of those
banks, according to a report of tho Stato
Bank Commissioner, uno report uccioi-tu
that the gain was duo to tho record wheat
crop. i
!... A TTtiVin & Hnnn sold Kapld
Transit at the minimum price. It was
said an account was Dcins wiuiumeu.
Thomas A. Blddlo & Co. were buyers.
Henry M. Taylor has retired as presi
dent of tho American Vulcanized Fibre
Company, and has been succeeded by
G. K. Parsons.
"William N. Goodnow was elected a
member of the Governing Committee of
tho Boston Stock Exchange, to fill a
vacancy caused by tho election of Charles
Hayden to tho vice presidency. The Gov
erning Committee has formally dissolved
tho Special Committee of Five.
Charles T. Mather, formerly with Glen
dlnnlng & Co., has become associated
with A. B. Leach & Co.
The HO.000,000 New Tork Central six
months and ono year 5 per cent, notes,
dated October 1, 1914, which were pur
chased by n syndicate headed by J. P.
Morgan & Co., have all been sold.
Emorgency currency to tho amount of
$90,000 has been retired at the local Sub
treasury; Ninth National Bank, 170.000;
Southwark National Bank, J10.000, and
Kensington National Bank. 310,000.
The Federal Beserve Bank of Chicago,
following tho lead of New York, has
begun Investing Idle funds. About 3500,000
of Government bonds have already been
purchased.
BlHht.1 to subscribe to tho new 1,500,000
S per cent, debenturo bonds of the Alaska
Uoid .Mines Company, when and as If
Issued, aro quoted 23-325 cents. Sales were
reported from 22 up to 25 and back to 24
cents. The bonds aro to bo convertible
into stock at J30 per share.
Tho Jump In cmtton prices was attrl
buted to tho announcement that the Al
lies had agreed to eliminate cotton from
the list of contraband articles.
The Pennsylvania Railroad loaded car
movement for December Indicates un
satisfactory traffic on all eastern lines,
decreases ranging from 8.8 per cent, to
40.9 per cent.
Tho Southern California Edison Com
pany has sold to Harris, Forbes & Co.,
and E. H. Rollins & Sons, $318,000 gen
eral mortgago 5 per cent. SO-year bonds,
dated November 1. 1909. The bonds form
part of an authorized Issue of $30,000,000,
of which $13,360,000 are outstanding. They
are being offered at 92.
The reported movements of currency
this week Indicate a gain In cash .by
banks of over $6,000,000.
The Canadian Paclflo Railway Com
pany announces that It will pay oft at
par and Interest at any time up to July
next, when they mature, its $12,842,617
6 per cent, first mortgage sterling de
benture. The offer la Blmply to antici
pate by a few months the maturity of
the bonds for such holders as prefer to
have the money,
The Board of Managers of the New
York Cotton Exchange passed a resolu
tion authorising Superintendent King to
sell at open outcry to the highest bidder
the seats in the exchange standing In
the names of Charles A. Kittle, Stephen
H, V. Pell W1 Charles Let! Homer.
Local bankers are ottering Canadian
Northern Railway Equipment 5, due
serially from October, 1915. to 1924, at a
price to yield 5H per cent
HEAVY 6EU.INO IN COTTON
NEW TORK. Jan. 8.rUeavy aelllna; of prao
tleallr the whole list, auppoaedly tor ae
count of leaalng spot intereats. a the prin
cipal feature of. the cottoq market today. As
a result pf tola pressure prices fallej to
resDond fully to the advance of Liverpool.
Th local eacaanie opened one to four points
net blaber. The tons ot the market naa ateady
S"d tEiri was a sllgat rally altar tie calf
Liverpool cotton was steady and outer.. At
the clow prima were 8 to 14 points ol her
January . . . T.oO
liweti 78 800 801 . . .,
May ....... "MS &t "I &?
July ! aSS 8.SQ 8.SQ ISO 8 4S
BiiiSber ... 8.79 8.S0 8.79 -.-
HEW HIGH RECORDS
MADE BY WHEAT IN
CHICAGO MARKET
Offerings Small and Com
mission Demand Large.
Farmers Still Won't Sell.
Talk $1.50 for May.
CHICAGO, Jon. 8. In response to
strength at Llvorpool, wheat hero scored
now high recotds again this morning.
May opening up 74 at I1.39V4 and July Tt
higher at $1.26 to $1.234 Offerings wero
small and tho commission demand was
large. Some Important firms wcro sellers.
Tho statistical position was declared to
be unprccedentedly strong becauso of the
competition between exporters and millers
for cash wheat. Farmers continued to
rcfuso to sell. Somo Intorcsts were talk
ing $1.50 for May. Thero Is n largo In
quiry for flour. Tho stocks of flour In
warehouses hero aro S2.U00 barrels.
Absorption by foreigners at tho ad
vance and a belief ut Liverpool that
Amorlcan reserves will bo Inadequate
caused large holders of spot thero to
withdraw offerings. Amorlcan winters
wore up ls 3d. Shipments from Argen
tina for tho week wcro light, only 40,000
bushels against 2SS.O0O bushels Inst year.
The receipts at Minneapolis nnd Duluth
today, wero 313 cars, against 30G cars a
year ago; at Winnipeg, 71 cars, against
153 cars; at Chicago, 95 cars, ngalnst 50
cars. Tho visible supply In Argentina Is
420,000 bushels, against 2,240,000 bushels a
year ngo. Tho weather thero Is generally
favorable, but there aro complaints of
disappointing harvesting returns from tho
south and centre.
The weather In Franco continues favor
ablo for new seeding. Native offers thero
aru light and tho demand from millers Is
heavy. It Is uiulei stood that Italy Is
again bidding for all offers. Flour at
Liverpool was marked up Cd.
Corn was firmer, but not active. Tho
market at Liverpool was strong on
lighter Plato offers.
Leading futures ranged ns follows:
Yes'day'a
Wheat Open. HUh. I,ow. Close, close.
Stay 1.3Di 1.41'y, l.:i$ tMvft tl.JH).
July 1.2t. l.H7ft 1.23 tl.SuStl.24S
Corn (new deliver))
May 75 7H14 7W1 7(V t7.".
July 77 77V4 7U& t77U 70
Onta
January .... M!4 r,2 B2!i JS2H B2
May (SOU M M ."Mil? Ml
July 51 541 MS WU 'M
iJird
January ....10 52 in.87 10.52 10.fl7 MO 02
iMay 10.87 10.U7 10.82 lu.07 10.02
Klba
January ....10.02 10.05 10 00 10 ft", 10.07
May 10.42 10.50 10.37 tl0.45 10.47
Pork
Jani.nry 10.00
May.. IP 40 10.45 10.32 110.40 10.47
Bid. fAaked.
LIVE STOCK QUOTATIONS
CHICAGO, Jan. 8. HOOS Receipts, 45.
000; market 10315c. lower. Mixed and butch
era, t0.707.15; Rood heavy, $nt)3itr7.1S; rough
heavy, 18.70'JO 8.1; tight. $0 7037.15; pigs, $5.15
3tl.40i bulk, $8.0O7.1O.
CATTLE. Itocolpts, 3000; market strong.
TUcves, $(1.1030 : tows and heifers, $3 BOtfi
8.40: stockcrs and feeders, $4.5030.50; Texans,
$0B7.3B- calves, $8310 25.
SHEEP. Receipts, 10.000; market strong;.
Native and Western, $J.5030.50; lambs, $5,750
8 85.
LIVE STOCK BECEIPTS
CHICAGO. Jan 8. Following- are the runs
ot live stock at tho arloua centree:
Hogs Cattle Sheep
Chicago, U. a Yards 45,000 3,000 10.010
ICansaa City 7,500 m 5,000
Omaha 7,300 700 8,500
St, Loulo, N. St. Yds 10,500 1,500 1.1C0
St. Joseph 5,P0 fino 1,500
Oklahoma City 4,000 500 ....
Fort Worth 1,800 3,500 ....
Sioux City 7.000 300 1,500
NEW YORK BUTTER AND EGGS
NEW YORK. Jan. S-HUTTER-Market fairly
steady. Receipts, 5170 packagea. Creamery,
extra, 34c ; higher scoring, lUVVfJS.Io ; State,
dairy, :i3rA3V4c.; Imitation creamery. 25320c.
EGGS. Market excited. Receipts, 4004 cases.
Fresh, extra firsts. 43c; fresh, firsts. 4t42c:
nearby, whites, 474t)c.; nearby, mliod, 40J
45c; special marks, 28c
NEW YORK COEEEE MARKET
NEW YORK. Jan. 8. The cuftee market
oponed firm. Futures advanced 2 to 4 points
arovo last nlrht's finals.
Opening futures: February. 0.35c. bid;
March, tl.45S1.50c; April, 1155c. bid; May.
O.C03O.68C.; June, 0 5530. 00c; July. 7.47tp
7 40c; Auguat, 7.5337.500.; September, 7.&Hn
T.BSe.: Ootober, $7.707.74o.; November, 7.75
37.80c; December, 7.8207.84c. Sales. 4000
bags.
RAILROAD EARNINGS
WABASH.
1014.
November gross $2,18,505
Nt (( JtV),oUii
Five months- gross. ... 12.080.0M
fet , u.oou.l
HUDSON & .MANHATTAN.
November gross Am'"
sGrpius .'.'.'.' "":;;;: '. '. '. ": 7
F&mo.n.,h...-.".-.-. ?'.3o2;
Surplus 244,111
Dec.
$2RO,4S4
83,321
020,012
151.2U7
11.630
2,102
1,697
12,810
25 511)
201
CHICAGO QREAT WESTERN.
Fourth week December. . 287.8M lO.SSO
lonth l,lflllB52 W.814
Frorn July :i ........... BO.SU 212,476
Increase,
GREAT NORTHERN.
Doc groea $1,811,741 $1,084,531
0 mos. gross 40.1M.0.12 8,505,285
DANK OLEARINCJS
Rank clearings today compared with oorra
rpondlng day Wtwo year. m3
Philadelphia .$2H.R83.31 $28.2.1rt.S35 $28,810,182
Loiton . V. . . 22 850 478 24.fiO8.008 30.100.421
New York. 272,2Sa,022 314, 820,333 340,057,tlW
BAR SILVER
The New York quotation for commercial bar
silver today waa 40. In London the price
ruled at 22 13.16 pence.
FOREIGN EXCHANGE
NEW YORK. Jan. a. ins loreian ciuimti
market waa .quiet with aterllng cables. 4.84
NEW YORK. Jan. 8. The foreign exchange
........ ..--it- -, --Ma- NlSUlMlft
chcti, B.lOTitSS.lOWa marks, cablei.
uemana, jti, ... . . "!-'--r-
oheckBa wJTKFHJfi in i tec iti.vj
market
waa stead
l.83H4 f 11.16; 'cablea AMi francs. 6.1014
4.R3UIB4 K
and 3.15n! mar owoi w,n,amr, ii
5.2H; cables, a.ts. ifuimer", inni ,
S.H5tt
RESERVE BANK BUYS
MORE N. Y. WARRANTS
i
Local Federal Institution Invests
$500,000 Additional.
An additional amount of New York
city municipal warrants to the total of
1500,000 was purchased today by the Fed
eral Reserve Bank of Philadelphia.
This makes $750,000 so far Invested, and,
as the bank will not make payment for
any of the warrants until next week,
their purchase will nqt be reflected In
the weekly statement that wljl be made
public tomorrow, showing condition at
the close of business today.
May Preserve Grouping; Points
WASHINGTON. Jan. 8. Tb Interstate Cosi
mtscs TBomnilaitoa today orded that the Rt.
em raltroaira. latently granted a 0 per cant.
locreal In freight rate, may preserve the
grouping ot nd aectlsi arranged to
simplify rat making, and wbtah tre fit ecTeet
Ufoi the decision oen though tble may
Lxteg about an Increase of more than a
or oast ua some cases.
Th caaunUslon presared a long tut ef elaa
and coamoduy rates apvllcaM to, ts gen
eral grouBlngs. show lag tlu chaogea la percent
age of fltfitlAU tueugbt. tiout by tha S
par cent, lacreaa.
PHILADELPHIA MARICETS
GRAIN AND FLOUR
WltKAlV Reeelpta. 50,8011 buthele. The
matket wen strong and fully 2c. higher, with
a good export demand. Quotations! Car
lota. In export elevators No, 2 red, spot and
January, $1,8701 40; No. 2 Red Wealern, $1.41
t 44; No. 1 Northern Duluth, $1.4501.48.
CORN. Receipts. 1P.B90 bushela. De
mand va fair and prlcea were He. higher,
(juotitlonai Car lota for local trade, as to
location No. 2 yellow, new, 78S78HM
ateamer yellow, new, 77(777',ic.( No. 3 yellow,
new, 70S70;lc ramplo yellow, new, 71J73e.;
new cob, per 70 lbs., 74S76C.
OATS-Recelpta, 25,512 bushels. The
market ndvantcd He with a fair local trade
demand Quotations! No. 2 white, 57l58c!
Standard white, 50tta57c; No. 3 while, 609
B0J4C
HYK waa scarce and firm. We nuote at
$1.1101,10 per bushel, ns to quality, In export
elevator, and at 1101.10 for small lota of
near-by grain In bags.
..FLOUK. Receipts, 850 bbls. nnd 2.0W.M7
ina. In sacks. The market ruled very firm In
sympathy with tho continued upward more
nwnt of wheat and mill limits wero further
ndvnnced to to 75c. per barrel. Trade, how
ever, waa quiet. Quotations per 100 lbs. In
V-fOilWlntcr clear $3.50(!s do, atralght,
lOSAflllSU: do., patent. $0 6oin ; Kansas,
straight. Juto ancks. $0 600 75; do., patent,
Jute socks, J(l.75yr.lOj spring, first cloar. $IKJ
SSSU," straight, $0.4030 001, do, patent,
$B 007.I5; do., favorite brnnda, $7.2MI7.50;
rlty mills, choice nnd fancy patent, $7.23
V, city mills, regular cradei Winter, clear.
J5 50JTO. do., straight, $5 2500.50; do., patent
JC.007.15.
PROVISIONS
Tim market quiet arid without Important
change Quotations: City beef, In eels, smok
ed nnd alr-drled, 2Si32no.; Western beef. In
sots, smoked, 2?a2c.; do,, clly beef, knuckles
nnd tenders, smoked nnd nlr-drlod, 2!)'!f30c ;
do., Wcslern beef, knucklei and tenders,
smoked, 2HOTOc.j beef hams, $3334; pork,
family, $ai.50fl2l, hams, 8. r. cured, looso,
11Hifl4e., do., tklnned, loose, 13571310.; do.,
do., nmokod, 13,B14c ; other hams, smoked,
city cured, as to binnd and average, 14i715c.;
hums, smoked, Western cured, 14H15c. , do.,
boiled, boneless, 20li'lc. ; plcnlo shoulders, S.
I! cured, looso, llfifMlUe.; do., smoked, 12W
Ol2Hc; bellies, In pickle, according to aver
ngc. looie. 14Wffl6c : breakfast bacon, as to
brand nnd average, city cured, lR-Ultto. ; do.,
Wcstorn cured, iRtniic, lard, Western, re
fined, tierces, lKfll'ic. , do., do., tubs, 11
lHic ;do., pure city, kettle rendered, In tierces
llllViC do, puro city, kettla rendered. In
tubs, llOllMc
REFINED SUGARS
Tho market firm, but trade quiet. Ilcflnors'
list prices: Standard granulated, 5c., flno gran
ulatod, 4.05c, powdered, 5 03c; confectioners'
A, 4.85c.; soft grades, 4.10H.70c.
DAIRY PRODUCTS
nUTTEIt. Tho market quiet but steady
nt the lato decline. Quotations: Western fresh,
solid-packed, creamery, fancy, specials, 3Bc ,
extra, 34c; extra firsts, He, firsts, 32c sec
onds. 28c: ladle-packed, 22ff24c, aa to
quality; nearby prints, fancy, 37c; do., av
erage extra, .'Itic. ; do, firsts. 33fKI4c; do., sec
onds, 23If.!0c. Hrcclal fancy brands of prints
Jobbing at 41M3c.
KflfiH. Receipts light and demand read
ily absorbed all fancy nenlald stock at t"p
prlcea. Quotations, In free cases, nearby, extras.
4Uc per do ; nearby MrstB, 113.20 por standard
cnao; nearby, good, current receipts, $12.00 per
standard case, mixed held and fresh and ordi
nary stock, $10 MW1 70 per case; Western, ex
tra flrBto. $11 20 per case; do , firsts, $12 fid per
case; Southern $12ffl2.l0 per case. Refriger
ator eggs, arrlng packed, choice, 27(i28c. per
dozen; do., ordinary to fair, 2.IS2c. per dozon.
Fancy selected candled fresh egga wero Jobbcl
out at 4')1i6lc per dozen.
CIIKKSK Offerings moderate and values
steadily held, but trade quiet. Quotations:
New York, full-cream, earlier receipts, choice,
10c: do., do, current make, choice, 15c: do.,
do. fair to good, 14Vt01411c; do., part skims,
SOlSc.
AMERICANS FIRM IN LONDON
Mining nnd Oil Shares Closed at
High Levels.
LONDON, Jan. 8. In the final dealings
Bcntiment was cheerful. The Amorlcan
group was the firmest. Reading, United
States Steel and tho Harrlman Issuos par
ticularly were In favor.
Canadians woro Influenced favorably by
reports that Interests In tho United States
Intend to continue financing tho needs of
tho Dominion In tho Immediate futuro
and to assist in the restoration of the
exchaace balance
Thn remainder of tho departments pre
sented a checkered appearance, with sup
port slack In some Instances. Mining and
oil shares ended at tho best level of tho
session.
The managers of tho Stock Lxchange
have refused to reduce subscriptions to
allow for tho protected suspension of
business on tho exchange. This has
caused much Irritation.
nun tl.nl, nf TCneland did not discount
any premoratorlum bills today.
n. r.
Closo
Amnif.Rmi.ted Conner 5fl
Atchleon SJ?
unltlmoro & unio "n
Canadian Paclflo 1 w
Chesapeake & Ohio 4-Vi
Chicago & Great Western.... 10V4
cnicago ai hi. ',
Denver & Ulo oranao.
Krle
do 1st pref...
Illinois Central
Missouri IC & -i-exsj...
New York Central ....
Norfolk & Wes'er" ."
. V nnlnrln A West ..
i. u......... -.
l'ennsylvania
T,,.tn a
fcouth hallway
Srtli 83 (5
c i2uJ ii7I - j;
i Steel M 51W -li
South I'acino .
lTninn Pacific
United awes f- .......... ---
Three months' bills, 2H per cent.
Decrease.
DIVIDENDS
LX1IIGII VAIXEY ILllLltOAD COJIPANX
Philadelphia, December 16. 1614.
The Board of Dlrectora of the Lehigh
Valley Railroad Company have thla day de
clared a quarterly dividend of two and one
half per cent, (or $1.25 per ahare) on lta
nreferred atock to stockholders of record
December 20, 1014, and a quarterly dividend
of two and one-half per cent, (or $1.23 per
hare) on lta common stock to atockholder
of record December 20, 10 Hi both payable
January 0. 1016.
Check will ba mailed.
J. IT. BAXTER.
Treasurer,
Din-Kcronv or accountants
Public Accountant
llUltNS i 61'EAKMAN
The Bourse.
Audits. Invcitlgatlone. Financial Statemanta.
Enuiv
54ii - W
03H -'6
OS, At,
153?i 4
40H
lot,
871,1 H
... 22 21U U
... 35$ 33 1
...HOW lOOtl,
. ..Ktt imji
... 22'1 21 W
... B.1H lOltl -lfl
K 11-Mf. 1U.
New Loan
$6,900,000
City of Montreal, Canada
3 Year 5 Gold Coupon Bonds
DUE DEC. 1, 1917
Principal and Interest payable in gold at the City
Treasurer's Office, Montreal, or at the Bank of Montreal
in New York City. Redeemable as a whole at any time
on 6o days' notice at too and interest.
Having sold a large amount of these bonds, we offer
the unsold balance, subject to prior sale and change in price.
Price, 99 and Interest
To Yield Over 5
Kountze Brothers A. B, Leach & Co,
141 Broadway, New York 115 S. 4th St, PhUaWpMa
E. H, Rollina &iSons
?ona
1421 Chestnut St, PhllaJIJphJa
MOVEMENT.
POULTRX
LtVK The market steady under meder&U
offerings and a fair demand for desirable atoek
Quotations! Fowls, 18915c. i eld rooster, 10J
lOUe t spring chickens, according to nuaUtyv
12'J14i.i turkeys, 15O170.; ducks. 14O106 I
gese, 184J150 , .guineas, yoopg, welghlnir 2
lbs. and over apiece, per pair. Wet weighing
l',iOiy lbs. apiece, per pair, 40O45CJ ,otd,
per pair, noflloe , pigeon, per pair. WVS'ISO'.
nriESSKH Demand fair for ,dlrabl
stock and the market firm under mod
orate offerings. Quotation Turkey, dry"
packed Fancy, large nearby, 2032ie.; d)
Western, . 20c : average receipt, 10O18CI
Inferior, 12fU5c,! No. 1 old. 18c Fowl,
a- u, inix. uty-L-tcitau, neiocvru iirHvy,
18V4C! weighing 4H35 lb, apiece, 17Me ; do,, 4
tfiH lb, apiece, I7ci do , 4 lb apiece, WUd j
do. au lb apiece, 14015c : do., ft In.
it io dox, ury-pacxea, aeiectM neavy.
nna unaer, rdxriaa. rowis. ddii.. nry-paoKec
Western, dry-picked, 4flo lb, apiece, lejicf
do., do., 4 lbs., IBWc.j do., do., SVi lbs., 14c t
do., do.. 3 lbs, and under, 12013c. Old root.
ters, dry-
Rrollfna' ehlekans-N
Nearby, l4f72 Iba. apfoce.
aijroi( o., rair c
good, Iob
i IDS. I
apiece, 200,1
QO.
fair to rood. l4ffl1Ac Itrtasllnff ehlttAna.
dry-racked. In boxea-Mlik-fed, IS to 21 lbs.
to doj., 2223c; milk-fed, 23 to. 20 lb, to
io;., ivvjip ; com-rea. is to i id, to no.,
20efilc.! corn-fed. 23 to 00 lb, to do.. 18ff
10c, j mtlk-fed, 31 to 80 lbs. to do. 14 Vie.,
mllk.fed, 37 to 42 lbs. to do., 14Ue.i mllV-fed,
43 to 47 lbs. to do., 1314c; mtlk-fed, 48 lbs.
to do., 17c; mllk.fed, CO lb. and over, lRe. f
corn-fed, 31 id 30 lbs. to doz., MHtfUo. ! corn
fed, 37 to 42 lbs. to doz.. tnUftUo.i corn-red,
4.1 to 47 lbs. to do., HJHUEci corn-fed, 48
lbe. and over to dor., 17c: corn-fed, CO .lbs.
and over. 15c naaittnr chickens, dry-caeked.
!n bbls Western, milk-fad. dry-picked, 5.1b.
nn pver. 17C: Western, milK-fefl, 4
1 U. IU.,1
lb., 10c:
western, milk-fed, ;
m k-fed. drv.nlck.
14UC: Weitern.
mixed weight, 14fl4Mcj
Western. mhl-firt. 2XI.GTZ Ihs.. 14e ! Western.
corn-fed, 5 lbs. and over, 18c; Western, corn
fed, 4 lbs., 13c i Western, corn.fed, dry-picked,
mixed weights. 14ct Western, eorn'fod. SH
lbs.. 14c; Western, corn-fed, 2HS3 lbs.. IflWc
Ppring ducks, 10CT17C Spring geese. lttoHc
Bquabs, per do. White, weighing 11 to 12
lbs., per doz., $4,2.v?M.R5: white, weighing 0 to
10 lbs., per do., $101(74.15; white weighing
a ids., per noz.. sz.ijyirf.in: no., oo t ips..
per doz., $2572.03; do., do., O0H4 tb per do,,
Pfrcios., $2tf72.fl3: do.t do., Oflf-H lb.. pei
fi.-JSl.OO; dark and No. Z, coc.(f$l.lo
IV
FRESH FRUITS
Trade quiet nnd market showed little
cnanpe. quotations: Apples, New lorx,
ibbl Kin-, 2W: Qrccnlng. 21; York
Derlnl. 3J 7.1: Den Davie. 2fr2.o0! Bdv. 1
rk, per
irk fm
y, $173
02..V); Baldwin, 1.7592.rfl! other eood eating
varieties, Jl i.'.S.Wi: medium, IlQl.w; apples.
AVcnicrn, per box. "3c$1.30; applea, Delawaro
nnd I'cnnsyhanla, per hamper, BOOOc. :
lemons, per box, IIISCAO; oranges, Florida, per
box. l).S.,XT3: tangerlnea. Florida, per strapr
ll.S0R2.60i crapcfrult, Florida, per box. flWii
pineapples, per crate Porto HIco, $1.2M7.2Sl
Plorldn, lff2: cranberries, fano late varieties,
per bbl., $204; cranberries, capo Cod. .early
blade, per bbl., f'.'KM; cranberries, early black,
per crate, 7Scfll,C0: cranberries, Jersey, per
ciatc, 75ef1.23 pears, N. Y., Kleffer. per
libl.. ?12; strawberries, Florida, per qt, 83
VEGETABLES
Demand fair for choice stock and valuea gen
erally Hell sustained. Quotations; White pota
toes, per hush. Pennsylvania, free from frost,
OOOTtc.t Now York, free from frott, 4S$60c.f
uhltn potatoes, Jersey, per basket, 830400,,
snoot potatoes, Delaware, per hamper, large,
f 1.1001.2.1; medium. COSflOc.; sweet potato.
Pastern Shore, per bbl. No. 1. J202.7S! No. 2,
$1.5011.7.1, accts, Jersey, per bbl. No. 1, tt
(f'J,73, No. 2, I2S2.S0; aweeta, Jersey, per baa,,
USflSOc. Onions, choice, per bush , TSeSOc.; do.,
ordinary, per bush., uj70c; do., choice, per
100-lb. bag. tl.RO; do., medium, per 100-lb,
bag, (1.23: do., aeconda. per lOOHlb. bag, $1;
Cabbage, Danish, per ton. $10018. Cauliflower,
New York, per crate, 73c.fr$1.2S. Spinach,
Norfolk, per bbl., UO1.50. Kale, Norfolk, per
bbl , C0JJ75C. Lettuce. Florida, per basket,
M33 ; do.. North Carolina, per basket. t.60
2. Deans. Florida, per baa'iet. fl.2SS2.23.
rcaa, Florida, per hasket, J2.B(Wfi. Eggplant,
Florida, per box. S2W.1. Cucumbers, Florida,
per basket, 1 73cl 60. Sijuaah, Florida, per
basket. $1..W!I2 Peppers, Florida, per car
rier, J2.50S3.no. Tomatoca, Florida, per car
rierFancy, 52IJ2.50: cholco. JlflLflO. Celery.
New York, per hunch, 350DOC. Mushrooms, per
4-lb. basket, Jl 01.50.
DENY ENGLAND REQUESTED
LARGE AMOUNTS OF GOLD
Statement Explains Recent Visit of
British Representatives.
WASHINGTON, Jtin. S. Denial of the
report that the British Chancellor of the
Exchequer sent Sir George Palsh and
Busll Blackatt to Washington to plead
for the Immediate release of as mtieh
cold aB could be spared, today was made
In a Joint statement Issued by Acting
Secretory of the Treasury Noivton and
Governor Hamlin, of the Federal Kp
serve Board.
"Our attention has been called to the
statement contained In a morning paper
that the Chancellor of the Exchequer
sent two representatives to Washington
to plead for the Immediate release of na
much gold as could be spared," says the
statement. "This statement Is not true,
In fact, nor was It ever authorized; or
mado by any officer or member of the
Treasury Department or of the Federal
Reserve Board. The purpose of tho visit
of the representatives above referred to
was stated In a public announcement by
tho Secretary of the Treasury on October
10, as follows;
"It Is true tl-at Sir George Palsh
and Basil Blacken, representing the
British Treasury, tire coming to America
for the purposa of discussing the Inter
national exchange and cotton problems,
rphelr visit Is the result of Informal sug
gestions made by me through diplomatic
channels to tho Chancellor of the Ex
chequer in London, because it Is believed
that a discussion of certain phases of
theso problems on the erround here may
he productive of results. This Is simply
another one of those Instances where the
Government Is using Its good offlcea In
every possible way to help tho business
altuatlon."
ANNPAT, MEETINGS
,- THE CENTItAL NATIONAL JSANJU
S3S OF FUlLADELl'UIA.
The Annual Election for Director of this
Dank and for the purpose ot action upon
amendment to Article III of Articles at As
sociation so that the sains aa amended will
The Board of Dlrectora shall consist of
not less than 7 nor more than 15 atockhold
ers. as shall be determined by ths Board t
Directors prior to any regular Annual Meat
In of the Stockholders at this Aeiociatlon,
the number so provided for being contlnuid
from year to year until changed by rolu
tlon of the ald Board." . ....
will be held at the banklnr house. Lafayette
Building. Chestnut and Fifth ata.. PhlladtU
phla. on Turaday. January IS, 1(15, bstwsea
Uls. and 1 p. m. ..,,
W1U.IAU TOST,
Cashier.
as F1IANULIN NATIONAL BAKU.
iUiS Broad & Cheatnut Street.
Phlladslphla, December 80, 191.
The annual election for Dlreotor; will be
held at the banking house, on Tuesday. Jan
uary It, 1015, between the hours of U nooa
and 1 o'clock pm. pAB8M()na
Graham & Co.
433 Chestnut St, PhtfadelpW