KiWwffuii um-i jipufBispffliRMsspa
l""'W,p" '"'I1!.1'
14
A
EVENING LBDGBB PHILADELPHIA, FEIDAY, JANUARY 29, 1915.
fwwnfWdPf
HEAVY SELLING OF STEEL COMMON CARRIES PRICE DOWN TO NEW MINIMUM OF 40
SHARf BREAK IN
STOCKS OADSED BY
UNFAVORABLE NEWS
Reports of Difficulty in New
Haven Financing and Poor
Earnings of Canadian
Pacific.
NEW YOUK. Jan. M.-On reports of
difficulty In new financing by tho Now
York, Now Haven and Hartford to meet
maturing notes In May. and poor earn
ings by the Canadian PncMc, both Mocks
otd down In tho afternoon session, caus
ing ft sharp break In the general list and
carrying prices to new low levels for the
present movement. New Haven dropped
4V points to 49, tlio minimum price estab
lished by the Stock Exchange. There
wan talk In the Street that tho minimum
would be reduced. Canadian t'n rifle lost
ti points to 1ST. Reading sagged off 3',
points to 1U',. Thera wcio many stop
orders In Heading cnught tit lit;.
At the close thero was a slight re
covery In the price of some stocks, al
though the majority of tho list was at
the low point of the day. touched In the
afternoon session.
A broan market was created for
I nlted States Steel by the committee
of five In reducing the minimum
price to 40, and the stock citilcltlj
sold down to that figure. This la the
lowest the stock has sold since IPOS, when
it was quoted nt IMi. The preferred
stock, aftor opening unchanged at IO414,
reacted to 1037s. Tho selling was heavy,
the transactions In tho common stock
Amounting to 24.S00 shares In the first
15 minutes, and In the first hour the
sales were more than &3.000 shares.
Many of the leading houses on the
Street Insist that It Is Imperative for the
protection of tho market to remove all
minimum price restrictions from United
States Steel, common. They take tho
ground that each reduction of tho mtnl
mum.prtce Axes what Is assumed by hold
ers of the stock to, be a standard of value,
and they hasten to realize on tholr hold
ings at once, fearing continued lowering
of the minimum day by day.
It was Insisted In many parts of the
Street that a large part of the supply of
Steel came from Interests already exten
sively committed to the short side. Thero
was trading In the stock nt 33& on the
New street curb.
With the recession In United States
Steel common, there was a renewal of
liquidation In the general list
Pressed Steel Car, which was estab
lished last night nt a new minimum of
J7, opened at 2S, against 52 on "tVcdncs
and rallied to 29.
Call money loaned at 2 per cent.
According to the reported movements
of currency this -week banks gained J3,
123,000 cash. They received from tho in
terior $12,711,000 and shipped to Interior
$5,304,000, Including $3,951,000 national bank
notes sent to Washington for redemption.
Gain .from Interior was $7,407,000. Gold Im
ports amounted to $310,000 In Kench gold
coin from London. Loss on Subtreasury
operations proper was $4,4G4,0O0. This
made net gain of $3,253,000.
NEW YORK STOCK SALES
I.t sat.
Alaska Gold Mines .... 23
Allrs rbslrrr-ts . .... 11
Amalgamated Copper MM
American licet Sugar .. 3.5
Am licet Sugar prcf .... 82
American Can 2s) '
American Can pref ("
American Car Found. !)
American Cotton Oil... 4'l
Am HldoA Loath prcf. 2l'f
American Ice 2'
American Locomotive. . 2 "
American Smeltine . .. ni
American Smelting prcf I02H I02H' 102M 102$
American SnulT Co Ifil IBS lfi. 15"
American Sugar 110 1111' 10!3 IMS
American Sugar prcf... U.l'f lM'j lit 1144
American Slcol foundry. 2SH 28.' :8' 281j
American Tel Tel.... 120 i I20t( III)', IllMi
American Tobacco 2.3:1 23 H 2.11 2.')l
Anaconda Copper 2(1t 27 2ft) 2'IJf
Atchison 9i O.j 03 0 i
Atlantic Coast I.lno....(H! lOflH 103W 10AVJ
iiaiuwin Locomotlte ... ami .15 35 35
7,1 Si
HUh.
28 (
0
Mi
37Jf
82
29!
Dlf
lrJ
4H
2I
2)i
2".
nili
tw, Clone.
Si" 27J
I)
r2'
0
G2
3
82
27
0'H
44lj
45
2
2.1U
2.1
fl'l
30! i
82
28
PJJf
45
4-.
2i
2W
23
IV
WESTERN BUYING IN COTTON
Prices Closed 3 to 10 Points Below
Yesterday.
NEW YORK, Jan. 23. The cotton imr
fcet opened steady, 3 to 7 points net high
er. In response to a better Liverpool mar
ket, which, In turn, was duo to a good
pot demand with little selling pressure.
Trading was quiet and lacked feuture,
what business there was being confined
mostly to Wall street and some little
"Western buying, while Liverpool and tlio
South sold. Fluctuations In tho early
trading were unimportant.
The undertone continued Vunsettled In
the afternoon and renewed Wall street
liquidation caused fresh weakness.
Southern spot markets made a favorable
showing, ruling steady with Augusta ic.
higher. New Orlean houses appear to bo
selling in the local market, but this was
believed to be of a speculative charac
ter and no hedges against actual. Rules
at the close were 3 to 10 points lower.
Kxport of cotton for the day was 21,137
bales compared with 34,318 bales on this
day loot year. To-day's exports In
cluded 17,601. bales to Great Brlttaln; 23,
000 bales1 to France; 323 bales to the Con
tinent, and 750 bales to Mexico. Tne to
tal exports for the season to date amount
to 3,353,113. "bales, against 6,332,123 bales
last year.
Yes. eloss. Own,
OJsroh ..M 8.5.
'r R.SO R.JW
July ......... 0.03 B.OS
Uitober , w.'.'t II. .'ID
JJectmtxr .... 0.38 0.42
Spot, 8. CO.
Baltimore A Ohio.
DattlmoreA Ohio prcf.
HethlchcmSI-vl 40!f
lirooklyn Gas 1st pref. . . .
lirooUyn Rapid Transit 87H
Rank of Commerco 1GS
California l'clrolcum. . . 17i
Canadian Pacific G2)i
Central Leather 3t
Che A Ohio -Iff
Chlno Copper 3('f
Chic (It West prcf.. .. 3(m
Chicago Mil & St V 01 U
1 on tan 48
73J 72" S 7 H
72 1 72 72
40' 48U 4SH
MH lOI'j" 104U
88
108
1814
10.1
35
45
37 li
30!
00
42
80 i Sflif
108 108
wt 1'
If." li8
mu 3 fi
4.1
.15! (
2f)
87! i
42
Chicago A Northwest.. 127 127! 127
2.114
22'i
22'f
30)(
29.' t
117i,
41
88
14SH 148W 148W
7J 7 7
11 II 11
165W 10t 1054
5
25!i
"'
2.1' i
37'
'(l,
110
41
88
4.1W
Mi
Mi
tU
4'
127
2314
2 H
4"i
22j
30'f
20S
I 7!i
41
88
ColI'uelA Iron 25
Colorado A South 20
Colorado So lt jiret 47
Krle 2.1
Krle 1st prcf 37
Krle 2d pref 20' i
Consol (.las 110
Cuban Am Sugar 17
Deeres Co pref SSH
Delaware & Hudson.. 150
Denver Rio Grande- . (i
Den A Hlo Grande prcf UH
General Chemical
General Electric M' 14.1 142H M'H
GcnMolor 01 0.1 02 92W
General Motor pref ... . 95 01 01 01
GoodrlchCo 31 32't 30H 31
Great Northern pref. ...115 116) ll.Vf 113,-f
CIrcat North Ore Cent . 31M 32 20J( 30
Guggenheim 50H 50!f 40H Wi
HoniestkoMlnlne....ll7'f 117K 110H 1171f
ill central JCOJ-,' 108 108 108
Interboro-Metropolltan. I2U 12U 11J(
Intcrbor Met pref &2H 63H 5W
Indiana Steel pref 71 72
Inspiration 184 18a
Kansas City Southern.. ?2'X 2U
Knn City Southern pref 575 67
I.orlllard R 1st prcf. ... 100
Lackawanna Steel.
Laclede Oa...
I.ehlch Valley
I.lggA MjeriTob. .
30
... 00 07
13M( M7
..2IO'i 210
1SU
22)i
57
100
201
no'i
11
C2Jf
72
18!
22Ji
57
100
20H
00TJ
13 1) i 134!
210 2 0
Louisville & Nashville.. HSU 117H 117H 1175$
ManShlrtCo 50 51 51 51
Maxwell Motor 17- 17U 17 17K
Maxwell Motor 1st pref 5'; 5j 5IM 5414
Maxwell Motor 2d prcf. 22 21 20! 21
Mercantile Marine a '. 2 2
Mercantile Marino pref . 5H 5X 6W 5f
Minn A St Louis 10H ll'i 10V4 lltf
Mexican Petroleum ... 7U4 74 W 71!f 71'J
Missouri Kan A Tex ... 11U 11 10 10
Mo Kan A Tex pref. ... 31 30 20!i 20'f.
M StPASSM 114 114 114
Miami Copper lS'i 18' ISIj 18'4
Missouri Pacific 12 4 121 UJ ll'(
Montana Poner prcf 09 99 00
rational Lead 4fl(4 a:M J51 46H
Nat Lead pref
Nevada Consoddatod
N VKII4H
New York Central . ..
NYOA West
Norfolk A Western. ..
Northern Pacific
Pacific Mall
Pacific TAT pref...
Pennsylvania
Pittsburgh Coal
Pittsburgh Coal pref
..107W 107H 107W 1074
... 12! i 12.' f 12Ji 12.'X
.. 5314 53W 49 40
00! 91 S-'f S8U
.. 24W 23'; 23)f 2.1'i
..102 1025 102 10i
. 104J 105J1" 102H W2'i
..20 21 20 20
.. .. 00l4' 00'f O0'
..104 107! 101h 1011
.. 18H 18)4 17! 17!,
. . 00" 89t4 87 87
Pressed Steel Car 32 205 2S 28.' f
Pullman Co 151 152'li 152H 152!i
Ray Consolidated 17 17U 10'4 16'4
Reading U7U 1484 1UH 144)4
JIUh. Ixiw.
8.61) R.47
s.ss
O.09
l.31
0.42
S.73
8.0.1
(1.1 1
U.2S
Close.
M.7
8.73
8.1H
II. IB
0.2S
Republic Iron A Steel. . . 10Jj
Rock-Island '
Rock Island pref 1H
Rumely Co pref 4
Seaboard Air Line .... 1114
Seaboard Air Line prcf. . 301V
Sears Roebucb 107
St. L. A S. Kran. 1st pref 10
20
1914
'4
1H
4
14W
39!
101
1M
AH
14)
391
194! 104H
Southern Pacific
Southern Railway
Southern Ry pref
Standard Mill
Standard Milling pref.
Studebaker
Studebaker pref
Tonncssee Copper
Texas Company
Texas A Pariflc
Third Avenue
TnlnCltyRT.
D
4,'S
14)j
39'.
1S5
10
8'!f
mi
60)
45)i
08
42H
03!
3!
13.') 133) 133)f I3.1!f
12 12 12 12
47'i 48) 47 4D
90 09K 99!4 99S
80
. UH
OOJl
47
09
04
31I"
10
84
16)
00)
45
08
40)
0.1)4
3IU
10
84
1 05
00 J i
45
68
40)
03!
3D
Union Pacific HOJi 12l).' 11S' HSJi
Un Pacific prcf....
Union Pacific w ar
U. 8. C. I. P. & F.
US C I PA F pref...
United Rys Inv pref.
US Rubber.
81
.. 20
9
35
30)4
50
80' 8 )i 8 H
20) 20K 20)1
9)i 0)i t'H
35 31 35
3 H 20 29
58 50 -fi7!f
Cotton Becelpts nt Seven Ports
HEW YORK. Jan. 2U, Receipts of cotton at
Mven ports compare as follows:
, Same day Same day
jn. .a. last wceK. jasi year.
a.07n nn mi
Charleston .
Ot Irastoa .
JJobll. .....
Nsw Orleans
Norfollc .....
Savannah , .
Wilmington
3.070
10,004
625
tl.WI
2.05:1
11.22S
2.3DO
18,873
B3S
12,213
2.1611
H,V
1.323
1.11
15.4SI
82.1
0.4111
1.484
3,454
832
STATE BANK CALL
The rsnnsylvanls. State Danklne Commls
Slonsr has Issued a call (or statement or con
dition of trust companies and State banks as
ot January 23.
BANK CLEARINGS
Bank clearings today compared with corre
sponding day last two years:
. 1913. 1814. 1013.
Phlta. 128,370,200 J28.KHU23 27.7tl,04T
Boston 23.03.e7T 2T,54?;i31 30 00 880
Bt. Louis .. J2.307.25S 1.1.R77.284 14..121.6.10
Gdcaga .... 47,182,280 60.H18.Jia 0L23T;6St
. Tims,
W
BATES FOE MONEY
. Call.
Philadelphia , 4V, 4
New York 2 H2X1 a
Bofton 3frl 4 as
Chteaca 4)iSi3 456)$
CororaereUl caper, three to six months, Vhtl.
;!(lil. 4f4ft per eeot.
JTOBEION EXCHANaE
NK1V YORK. Jan. 28.-.U the openln the
Forelrn IHzrhansa market was quiet, Demand
tsrllnr. 4SSUU4.63 3-ia; cables, 4.&3H; 60
days. i,834i; francs, cables, 6.17; checks. S.iVn:
mark, cables, STHi checks. 87 5-10. .
Bank of Prance Has More Gold
IMltlS. Jan. 29. Th report of the Basic
jf rraote for the year 1814 snowa that the
sunount of cold in hand Increased more than
40.O(AO0O francs, brtaslnr the (old reserva
at tho end ot the year to 4.400000,000 franca.
To December 24, 1814. the Bank of Yaac
ba4 loaned tie tiorernraent 3,WX.WX.000 francs
and to private borrowers tor commercial and
tn4ubr!al purposta. 4.14I.OOO.OOO francs; the
dl-WfUd rata bad ben lowered by 10 franca,
IU (OBiparsa lth 1813.
AcmsoN to ketibe bonds
KSW YORK. Jan. W.-Announcement I
Mtefa Ifclt Atcbiscn on- liaroh 1 will cay off
W raW txom Jundi In treasury the 31.&C0.
mk per."'- Chleaao and 8t- Inls first
WHs& bonds tnaturlae on that date. The
wasfony Is authorised under tha terma of the
ttenstal nortaie t draw down an equivalent
aeawut el scnan! noniice 4s, which hata
kaea rutrr! to 'eUre iheaa nndtrlytaa- liens.
Mua4 thus draws dawn will be retained a
Xtsaaurr assets, wbius wtU brla total thus
S,t4 u, irfaawy to 42S.wa "
US Rubber 1st pref... -102!( 1021 102M 102H
USStcel 43 40J 40 40
liSSIeelpref 104H 101)f iai)f 104
Utah Copper 54U 54H 53 53)
VaCarChem 2W 21 21 21!f
WesternUnlon 035' 03Ji 03! 63
Wcstinchouja Elec 71H 71 70 70
Western Maryland 20H 20H 10) 10M
Wuolwotth 01!f Ul) Ul 01
"" Kx dividend.
Total sales. 419.100 shares.
FINANCIAL BRIEFS
l-.3j e
l U1M
BAA SH.VBB
iwwc?
The, Comptroller of the Currency has
asked national banks to tabulute by
states all- note and loan operations be
tween banks. Each bank Is required to
Blva tho valua of such business from
every State.
Chicago dealers have shipped two car
loads ot butter to England by way of
Canada,
According to Bradstreet'a, exports of
wheat this week were. 8,620,009 bushels;
last week, 8,335,000 bushels; last year,
3,718.000 bushels; since July 1, 231,227,000
bushels; year aeo, 173,312,000 bushels. Corn
shipments this week, 1,028,000 bushels; last
week, 71,000; last year, 46,000. Corn ship,
meuts slnco July 1 amounted to 10,513,000
bushels, compared with 1,478,000 bushels
during the same period ot 1913.
A committee lias been formed to repre
sent preferred shareholders of the M.
Rumely Company. It consists of Morti
mer N, Iluckner, James B. Bell, C, Edgar
Elliott, O. a, Hammond and Allen West.
United States Steel preferred, Ameri
can Hallways preferred, Cambria Steel
and I.ehlgh Navigation stock and trust
certificates were quoted ex-dlvldend to
day except for cash.
Tho Victor Talking- Machine Company
Increased Its dividend from 10 to 20 per
cent, by the declaration of a quarterly
dividend of 6 per cent.
Emergency currency outstanding has
been reduced to 167,000,000.
The spot quotations for raw sugars ad
vanced 4 points from 4.07 cents to ill
cents.
The United Cigar Stores Corporation-ot
New Jersey has declared a dividend of
W per cent, payable January 80 to stock
of record January 29. AH of the stock Is
ownod by the United Cigar Stores of
America.
BICr B. & O. BOND ISSUE
I It is undsmood that the BalMnwM and
I Ohio Railroad la Btaaslsg- tv.COSw bond
at 9ZU I uaa ?an 1 Ihii it 11 be ual for nfundtajr
'adt eon- I aurjiosaa and h remainder tit s!0.
..... -, .... . i ryt, r.Fi m
HEAVY SELLING
OF D. S. STEEL
IN PHILADELPHIA
Pennsylvania Railroad Re
ported to Be Buying Its
1915 Convertible Bonds
in the Open Market.
Heavy trading In United States Steel
was the outstanding feature of tho local
market this morning. During tho Mr.it
hour alone approximately EG00 shares
changed hands, the quotation opening at
40, the new minimum, and then advanc
ing slightly. The buying orders wcro said
to bo coming In some incisure from Pitts
burgh. As tho day advanced the volume of
business quieted down nnd tho gcncrnl
tono bet-amo weaker, in sympathy with
tho decline In Wall street, but purely
local issues held relatively well. I'cmmyl
vnnla was being picked up by Investors.
International Smokeless Powder sold at
29 and one sharo of Lehigh Navigation
sold exdlvldetid nt 74W, which Is tho samo
price as It vim quoted yesterday with
the dividend on.
After nd-nnclng from 18 to 45, Klcctrlo
Storage sold off to 47'.4 nt the close. On
tho other hand, United Gas moved up nnd
so did Lehigh Navigation certlflcuR'S.
Heading shares followed the general
declining tendoncy of Btocks dealt In on
tho New York Exchange. In the com
pany's December and half yearly report
It Is Interesting to note that the final
surplus for the first six months of this
fiscal year was within 121,000 of that for
the half year ended December 31st, 1913.
Tho Coal Company gained whereas the
railway fell off about one million. In De
cember tho amount of anthracite hauled
by tho railway was 9.7 per cent, less than
tho year previous, while tho December
decllno In gross was at tho rato of 13.5
per cent. Tho tonnage for six mont'ns
fell oft 1.4 per cent, and gross decreased
0.2 per cent., illustrating how tho road's
business In other than anthracite carry
ing has declined.
The bond market was fairly active, with
good demand for Bethlehem Steel 1st 5s
on change and Pennsylvania Convertible
3!i of 131E over the counter. The Street
was Interested In the buying of these
bonds at par by a house which usually
acts for the railroad company Itself. Tho
fact that any one Is willing at this time
to buy a bond yielding only 3! per cent,
and maturing In October would appear to
be indicative of a largo supply of sur
plus funds. The Inference Is that tho
company finds It convenient to retlro theso
bonds through open-market purchases
now, whereas later on It may have other
uses for Its money.
Pennnylvanla 4s of lfUS sold at
against Vb last night's close.
37VJ,
HALF HOURLY SALES
10 to 10.30 A. M.
10 U S fiteel.... 10
10 ilo 40
40 do 40
SO do 411
CO I do 40
100 do 40
inr, do 40
10 do 40
IM do 40
.1 tin Cos Jf J.K31 2(0
.ion u s steel
300 do
.1 do
31 do
mo do
100 do
20 Pcnna ...
II no
.100 U S Steel . .
li) do
100 do
100 do
100 Mex Petrol.
ico u s Bteel.
04
4J.
40
4IIJJ
7.-u;
.Int.
-V'71
mo Baldwin pfd.iouu
j.i-jii
.53 1
3 Baldwin pfd.102';
WO U S Steel.
100 do
.', do
ICO rto
100 do
0 I.eh Valley
4 Penna
ion u S Steel
2(10 do
40 10O do
4014 10 Am Call.
4014 20 Phlla True...
uvs ;n.- u ri steel.
4 20O ilo
40 100 do
.wi m no
1 Phlla Hler
fi Phlla 11 V t c 10
n Heading ...74 .V10
m cio 74U
in U S Steel.... 4cnJ
63
4n;
8
40H
401
40(J
23(i
40
1?
4mi
40 Ji
IIO.VDS.
$3000 rnlla Elen S.i
DH Cum Heel scrip....
100 rhila Ele 4s
10 do.
ID Phlla Elec.,
40 V
l!i
.102W
. 07S
. SO
10.30 to 11 A. M.
o v a t....
Ml U S Steel.
Bli
in
in
20
20
m
in
.1
100
800
do.
do....
do....
do....
do....
do....
do. . ..
do
do.
li Elm- Storapn
40 4 do 7.
4n inn Mo PacIHe
4(i'i 10 Penna ...
401J so u b Steol
'. "no .In
10 Ton Pel
a
40 J
4fli
in Went Jer S S. tv
MS
4n
40
40
... 4i;i
... 40
. .. -hit, a fenna ...
... 4flti no U S Steel
... 4l"I .VI do
23 Phlla Trao... 78 100 do
nONDS.
1WYI Baldwin 1st Ss
2H Cntn Steel scrip
"On Am Oas ; niec 5s
2nno lleth Steel 1st est (is
0000 Beth Steel let ext So
11 to 11.30 A. M.
4'i
111!
R.1 11-10
40U,
40I
.4 M0
.102
. H7W
. R3'5
. W1
3I
"0 U S Steel.... 40 loo Tnt Pow & ch 20
10 do 40 10 Phils Klec... iSM
10 do 40 ll Cam Steel.... 42J
R Tonopnh Bet. 4'i '1 Lh Nav T4U
2.1 Cam Steel 42H r.o Mo K t T, mil
10 Union Psrinc.120 10 Tonopah Bel. 4tt
10 U S Steel.... 40 r do 4'.
30 Penna BZ 20 Penna t53J
Ex-dividends.
BONDS.
cnoo Phlla Elec Bs I02U
300 Phlla Elec 4s SO
Stj
11.30 A. M. to 12 M.
7 Ton Min...7ll-1fl 4 Mlnehlll .
IIS do 7 11-10100 Penna Ki
lo Ins Co N A. 2H, 8 do Kl
10 All! Insurance IB 30 do M
so iji h Bteel,... 40 00 do Wi
10 Cam Iron.... 4!
BONDS.
2000 Ueh Nav cona 4'.Ss 0STi
12 to 12.30 P. M.
7 I.eh V Tr pfd. 2R
7 Penna S3
2 Cam Steel.... 42'
BO.VDS.
100O Welsbach Co 1st 6s R0
10O Phlla Elec Bs 102H
12.30 to 1 P. M.
1v Ijiko Sup Cor 0 10 Mo PaclOo
.u renna
2 do
ion da
42 Phlla Trae...
100 U a I
loo Con Trao N J.
1 Penna Kltl
0 Leh V Tr pfd, 28
11U
KllL t ft fZ OtAI 1.4 ItYll!
iVIZ R R.nn, ' Mil
---,. - ...,4
&) .0 do.
7 410 Ton
Steel pfd.lKU,
M
Mil
Bel 4ft-lA
KIM 100 do
73 SOPhlli Elec.
,4 fl-la
23 U
1 to 1.30 P. M.
10 I.eh Valley...
o3 Penna
Jro do
10O Am Copper. . .
87
nil
10 I.eh Valley.,
20 Penna
45 tl 3 Steel...
10 Reading . ..,
731;
1.30 to 2 P. M.
tf tt
n?i
w.
6 Trr&jn 45H ,w Am can "
BONDS.
lOOO Elec Peop Tr 4s.
31 uun steel scrip
2 to 2.30 P. M.
S3 1IB Steel..,, 40 10 Ih Kav t o, 75ti
10 Iteadlnc 73JJ ion Ton Mln..,,7 11-16
12 U U I, 81U SUB Bteel..,. 40H
BONDS.
1000 Leh Kav cons 414s., , DSTi
10000 Leh Nav cons 4 He ,,, 80
1000 Baldwin. 1st SJ,,,.,. ,,..,..,...,, ,101
2.30 to 3 P. M.
100 Union Paclfle.lls!! 1 (Penna MT-18
23 neadlnt: .... 73 10 dm jtsp pfd, V,
10 do... 73 100 Union PaclrldlSU
1 Phlla Elec..,. 23W M Phlla Elec... 23
to 40 23K to ItetLdlnjT 12
12 Am Qaa. 101 U 100 do 72H
100 Alll Insurance Iftji 700 All! Insuranca IS
4 Eleo fitorase. 47H 20 Heading- ...72 7-18
6 U O I....... 2 12 Leh Valley... OTVi
100 Union Trtio... 88
BONDS.
1000 Penna cons '' lWS..., 07 U,
1000 Cam Uteel sorlp.,.. , 07VJ
Hay Xiift Baltlmoro Grain Embargo
C1IICAOO. Jan, 29.-Tb srratn trado expects
that 1 he ambaraco on grslo vis. Baltlmor will
be lifted at the end ot this week.
Munsey to Open Trust Company
N-BW YORJC Jan. SO. -Prank A, Munssy
vlll open trust cocopsuy at the building now
botof ooostructad at V Wast 40th street aa soon
as it U ready for oocupsocy It will be called
te atussey Trust Oampinv, and will probably
hav a oKm rfcbs amines vtth, tb two
trut cgMiUilts pt lh. iww wmt eoDtnlled
-, V I3t 'r. wstni, qt Wtrto
t,
T.
Jf V -i
DE WITT CUYLER
Elected a director of the Pennsyl
vania Railroad. He succeeds N,
Parker Shortridge, deceased. Mr.
Cuyler is president of the Com
mercial Trust Company.
NEW YORK BOND SALES
1000 Am A?r 3s
-IMJO Am Cot Oil l's
21000 Amer Tel clt Is
2S.VH) Am Tel evt 4!Ss
6Wi Armour Co iHa
COO Atchison ndj 4s ntp. ..
tm.-,ii Atchison 4a
2000 Atchison cv 4s lorai. . .
N0 Allan A Char A I. 4s
17000 Unit & Ohio 3!js
I two Halt & Ohio 4s
27.VK) Unit & Ohio cv 4lis..
200O lleth Steel 1st Ks. . .
Ml(Hl lloth Stpol rM r.
KKjn Hronklyn R T Rs
Illsh. Itw. Close.
lllll1, KlIMk HHJ
HI
SIS
now
hn
.mi
. iw!s
. Wtj
. fin
. 11.1
IG'i
. ni
. 112
. nt
. s;
. Wi
. K7i
.102
Ml'
Mt5
102
inun urcoKiyn j( i' 01 im. ui'm lni'i
ROOO Brook Un Uns 1st Os..l0l'i 10i
loon Canada South r 103U in.T.1
10(10 cent (3a cons Bs 10., 103
4001) Cent Leather Cs 01HJ no
23000 Cent Pao 1st 4s SS, RSi;
loon Chicago a Alton fls... no en
noon rhio (it Wett 1.1 71 "I
10"0 Chle ft Nwn 3iis si 81
snomi c It tb Q joint 4s no"i vn
nnoni) Uo gen 4s !I2U 111",
i-tXK) C B & Q III 3',5a Sl-Ji 81 Ji
1IVI
fisll
ls
tti'f,
M
Ulli
tiSJi
Pl
02
non
8(il4
IKJJ,
iSfa
HII'I
10.114
103
fiO
8si,i
m
71
81
nnn
m
81,
-iw t u a: w Ul 0',i3 oi?t "171 riaA
li)t Ch M A rit P gen liSs.lOlij 1014 1011,
1010 do cp 3s im; im uaK
1(o do rilv 4s 80(4 8ft4" Nil,
iiwi 00 niv ita mm '4
iniKion do cv 5s w 1 102
2S.VK) do i-v His n"lj
ion) do fd 4!Ss Iin
I.MJW Chi Itiii i col 4s... 2.V,i
2(00 c m r II S O Oeb 5s. inn,
134.VI0 Con Oss cv 0s w 1 1144
2C(K) cons Tobacco 4s Hi;
1 S n.14
2(100 Cuml.crlind TpI
170in Lei & Hud rfd 4s..
4000 do 4h 1018
lX)H Don & Bio Or 4s. .
0000 Erlo conv 4s ser A.
IfMKlO .1.) conv 4a BfT II.
ITOrn do prior 4a
8000 Ccncral Motor Ga.
OiKXiO Hud Jlan in 5a
1000 do rfd
11 W III Steel deb 4Ha M
vnon Iown Central ref 4s... 41
70()i) III mil Jt Bo
4o(tf) Insp Cop cv (Is....
Hon do cv Cs 1011)
KOOUO lnterb Met 4V4h....
4(c) lnterb It T ref 6a.
loon inter Mer Mnr !,'
uHjr inicri caper ,
Oil
nii'i
02 V,
ir,
Mti
ni'.i
211
7K'i
,'IS
mi'i
-.r-
lll4
KI24
7l,i
on
24
mui
lit.
07.
7l,
03
IHIIA
it1.
nil
ion;
21
7Mj
n
41
nor,
ir.i
02l
14 W
KIHl
102H
Ill",
no
2.V,1
lull,
113H
II7J,
T
02I.4j
(UH
til
ku u
20
7SVi
811
41
l0'i
liljVi
7ip to
miH
21XO Int Alcohol Bs 10O14 100
20(10 K C Kt S & M 4s.... 72 72
2000 Knn City So 1st 3a.. irr'i (I7i
2000 do .-is Ill HI
lorn Ijxtkn fitccl Os 11123.. ihii. tiO'i
MlCO I.k Sh dob 4s 1031.... 112(1 1)2
conn Lorllmnl fia 101U lnij
limn Lorlllard 7s 123 123
icon Louis & Nosh 4a n4Ji Dl'i
SOi'O Mich Cent 4s 7I) 7li'i
OH) Mcx Pet Co 0a 74 74
17MXI do 5s 01U III
2(jn Milwaukee Gas 4a Ul
3000 Minn & St I. 4a 4:1 4.1
rlOO Mo Kan & T 2d 4s. . . 57 57
1000 Mo Knn & T n US M
lono Morris Ksscx 4s Hi M
1O0II Mo Pao cv 5a 41, 41
2KK) .Mo l"ac col 6a 1017 01 04
2000 Mo Pao (Is.... Kll'i HH'i
2000 Nassau Elec 4a "H 78
;oo Nat Chat Sz !t I, 3s.in.t-i i(rt"(,
.;(mi N v canal lilts. ,imv-i
inrn N Y O I, S 3W,a 73
IIIIUI . X t; A: II UMjS, M
mm
100
nf
WI14
112
10114
123
.....
01
43
57
85
SI
nl'"
"
in.Mi
100 ioo?i
l.iH ".'"S
3000 N Y City 4a 1037. . . .
(000 N Y City 4a lO.,!)..,
SOOit N Y City 4Kb inn.1..
700O N" Y City 4 Via 1001.
::io .N y (J it & v s.
ncii
. oinl
.10.1-J
.looii
.10.111
100O N V N II & H res C3.1I15
17000 N Y N II & II (is 105t;
17. . v liwy na r..
1000 X Y Slato 4Hs. .
MP,
IX!".'
no-J
in.1'4
KK)
linn
10.-.
insi'j
54
NI",
ll(lI
twin
in.-.!,,
100
u,
101
lor.i-,
rt
imiii i y ioi cen iks. ... ii.t.
KKn Norf & West cv 4s.. .10!'.!
2.VO Nor Pac nrlor 4s 03
2Km do cen 3s
1000 Ore Short 1. rot 4s.
ikmio Ore & Cal 5s
27001 1 Penna cv SVis
.".noo do ic lots
(') do 4 s 1043
or.-;
101'4 10SU lOtti
n-.r i-s' n.T
in Hi
03
(Ht4
loots
ion
li1
. . tti.,
.. ins
..ion's
..ion
nil
list
oi i
1)1',
loo'J
im,
0714
ns
moo do H53 loiu 101 u lulu
WOO I'uUIIp Serv N J 53... 871, KU, 8714
20(0 Hay Con Copper 0s...100! jniuE lixnt
2nnn Hlo Orand & AVest la. 7li 71i 7Hi
1(100 nct Ir & S 5a 1040.. 112 1)2
MOO llnck Island 4s 84 84
5000 do rfd 4s tvi'i (in 1 1
inooo do 5s 67H
2(KKI St MM": Bo gen 5a im
SftSiO .io 5s 100W
J..- CL I K. a V I.U la. t r.,-
BtKKl do gen ct Cs sta.... 42
WOO Seaboard A I, adj 5s
(Mm South Pac 4s
17noo do cv 4s
10.1500 do cv ret ( p 3a...
12000 ilo rfd 4s
25nro South Rwy Gen 4s. .
8000 do con 5a
400n Sparta 4a
21000 Texts Co cv Os
lKton Third Ave 4s
54000 do adj 5s
150141 II S Gov 2s
500O U H nubber oh ms"s J"-"i
KM
no
ion
t? 42
. 00H 0!)(i
. 85 85
. 825 S2U
.,00,? loovt
.ico nn(i
. 821 si
. S04i 80
ooi. rini'
:4J
v
moon 11 a flteei 5s 101
500 do rep 5a 100(4
1000 ttnlon I-TIeo 5s 1033 SO
31500 Union Pao 4s nfiij
fnooo do cv 4s noti
10000 Un Ilws S P 4s MVi
3000 Va nwy 6s no
31000 Wabash 1st 6s 100
14000 Wab Equ ct sta 4s... 3H4
11000 -A' Chester i I!os 4V4s. 70
5000 West K & M cv 5s. . . . 04
4000 West Shore reg 4a.... OIK
sooo West Union 5s wUI
5000 Whecllnir I. n 4s... 039,
Total sales, $2,002,000.
10(J
mm
8n
noli
I)
w
00
DO'l
21tl
nn
0314
niK
nflil
03,
n:
81
CD 1 4
r.7
mi
inn
87i
42
HS1-4
S3
S2i
on
87
ns(
movi
01
Ito
81Ti
so
noli
102"
inoiJ
sn
noil
50
on
iro
?A!i
034
14i
oou
05,
XOCAI, STOCK AND BOND SALES
Yea. close. High. Jonr. Close,
S10 Alliance Ins.... 10 IU 15'; 111
110 Am. Can 2ati 271 2T7i
12 Am Qas 10014 lOltJ lOI'j lfllg
j" jiiat. wU LiLn-jr . . uo ij.1 CV1
iu.i uaia loco
iZ i am Iron
:it? Cam 8tl
100 Coii Trao
I'l rciactrlc Stor... 4H -4S: w$
1T. Ian fto-nii rvfrl Alt Alt I tTKlt
4s tvii dsBws we
10 Ins Co N A.... 2H1
100 Int Ptvd & Chem 30 20
10O Lake Sup Corp 0
1 Lehigh Nav.... 7u 7u;
11) lAh N t c cash 74K 75U
in i.cnigii vauey.. rail taj..
-;.i
53:
ipper.. .. 63 53 M
9 pr..l02IA 102U 1021,4 10214
42) 42tl 42 4!(!
:1 43 42-J 42J4 42ft
N J. 72H 73 73 73
I Kll
16 Leh V T pref. 21
I Mlnehlll 0
110 Mo Paclflo
100 Mexican Petrol. ..
10 Mo Kan & T. . .
412 Penna It It,...
120 Phlla Elect . . .
8 rnll U T t c.
87 Phlla Trao ....
20 Heading- ......
671 Ton Belmont,.,
T50 Ton Mining..,..
iu union raciao .. ..
100 U Que Imp 811,4
5 Un Cos N J. . . ,223(
6027 U 8 Bteel, , 43Ji
3 do pref ,104
10 W Jer & 8 S,, 60
Ex dividend.
BONDS.
Last. jrev,
sals.
700 Am O ft E 6a 83 &S14
1VW ItAlUfVUl 4SV U,iltt; JV4
eww lllO D 4BI ex 4ff,4J V
423 Cam Bt scrip... 0741 07
1000 121 it Peo Tr 4s. 11'Z IV
2000 I. Nav cons -iHa 081 W,
400 Thill Eleo 4s. SO so
8100 1'hlla E1IO 6S...102'4 1021, 102!
1000 TVels Co 1st 6a 80 S9? SO
lVl
Hi 1il 211?
21) 20
O 0
74J1 74
07 0714
2S 28
Y, 65W 5314
UU 11U 111".
73 73iJ 73t
10 lOti 10CZ
53",i B2,, 63U 53
23ft 23(5 23tJ 23l!I
10 10 30 10
78 78 78 78
'4'i 74 7311 73
4'l, 4',, 4t 4',,
J20 120 120
8141 8 US 81U
223t: 223(5 223(J
408 40 40
KBJ, 108-4 103i4
60 60 60
Illgh. Low. Close.
85 SS-4
102 102
07 M
if Tr.' 77:
r t.ir .-
WO i US'
ou
80
021
B'Jtf
DIVIDENDS
OPPICK
WILLIAM P. HONIIKIOHT & CO., Inc.,
AMKH1CAN UTIUTIK3 COMPANV
A quarterly dividend (No. 12) ot one. and
three-quarters per cent. (l"4W on ths pre
terrad Stock ot ths American Utilities Cora
pany will be paid on February 10, IBIS, to
stockholders of record at 12 noon on Janu
ary SO, 1016.
A. B. MILLER Secretary.
Philadelphia, December 8. 1914.
SETBACK IN WHEAT
MARKET DEVELOPS
AT GHICAGO TODAY
Quotations Decline Ac to c
From Yesterday's Close.
News From Abroad Bull
ish Other Grains Off.
DIltKCTOItY OF ACCOUNTANT
Certified Publlo Accountants
BURNS U HPIiAKMAr
Tt Boars.
Itvrfl'l ---. -1 p.,4f "P4,
rillt'Aao, Jnn. 23. A reactionary,
tendency tlovolopod Cti the whent market
this morning-. Mny ocncd at J1.50V4 to
tl.IDt,, ngalnat $1.404 nt tlio closo yes
tcrdny, and .luly at Jl.31',4, af-alnst J1.3U.
yesterday's last price. Ueforo sulTlclcnt
rcsthiB demand was readied to support
tho market nuotatloiiR declined ',4 to Tic.
from yesterday's close. A Rood many
traders seemed to favor a llttlo setback.
Tlio ncwa from abroad was bullish.
American winters nt Liverpool were held
at nit advance of 3 to 4'.4d,, mid tlioro wns
buying nt tlie lilghor prices. Tho gen
eral undertone, of tho English market was
strong, but trndo was not active. Tlioro
wn no'chniiBO In the nttltudo of millers,
who continued to buy. Tho belief pre
vails abroad that, with tho present In
adequate tonnnt-o In Arsentlna. competi
tion for Immediate shipments will remain
active.
Shipments from Ar-totitlna for tho week
were smaller than had been expected,
amounting to 1.027,000 bushels, against '.
Eoo.roo bushels a year ago. All except
IfiS.OW bushels, which went to the United
Kingdom, were consigned to tho Conti
nent and Brazil.
Corn opened unchanged, but nt once
fold off 4 to "ic. Tho support was poor
land tho selling active. There was less
business at Liverpool, but prices there
wcro flim on tho strength of Plato orfcrs.
Unsettled weather was reported In Argen
tina, where shipments for tho week wcro
below expectations, amounting to 2,916,000
bushels, against 1,050,000 bushels a year
ago. '
Oats opened "4.c. higher, but nlso de
clined. Thero was considerable prollt
taklng and not i great deal of support.
Shipments from Argentina, for tho week
were 2,130 000 bushels, against 2,100,000
bushels a year ago.
Provisions opened higher, but met good
selling.
leading features ranged as follows:
Ton.
wiicul upen. iiirii, i,nw.
May L.-.014 1.5014 1.4S
Jlllv I.-M'". 1.31; 1.32
Corn (new delivery!
.. S3U MU
(Ioip. (it..-..
1.4S1I, M.lirN,
1.321 'LnPfc
Mav
Julv
Cats
.May ...
J.ilv ...
Iward
January
Mav . . .
Julv ...
Illbs
January Mux ...
Julv ...
Pork
January
Mav ..
jLlV
Hid
504
53H
S()
82
r,m,4
1S0;
S2l
57(4
....11.35
11.52
..tio.in
10 no
...10.77
111.4.-.
10.72
tABted.
1 1.33
11.52
10.10
10.I1O
10.77
111.4.-10.72
tin.n7
it.15 m.17
11.33 tll.37
10.00 10.00
10.41) 10.42
10.02 "10.112
1S.03
II). 15
10.52
in. id
10.47
Rill
S3
60N,
CS1.
11.07
11.30
11.47
10. IS
10 55
10.75
1S.70
1111.37
10.03
LIVE STOCK QUOTATIONS
OIIICAOO, Jan. 20. HOGS. ltecelpts.
00(0; market. 1,Vi20l higher; mixed nnd
butchers, tO.tr.'OO.SO: good heay, 0.43i?0.80;
rough heavy. JOSU.40: llcht. 0.5Ojt-(1.80: pigs,
$3 AoflU.40; bulk. fll.a38S.80. CATTI.K. Ile
celpts, 1200; market 10c, higher: beoves. (Ofl
0.10; cows and heifers, fJ.50Q8.23; mockers
and fcedeis. J4 50JJ0.W): Tesans, J6EP7.40;
calves. f-.2.-,W10.40. SHEBP. llccclpts, 5000;
market 10ifl5c hlKher: nativo and Western,
31WU.S5; lambs. ?u.508.l0.
NEW YOBK COFFEE MARKET
SEIV VOIIK, Jan. 23. The coffee market
oncned steady. March uas tha stronicest
featurp, Bhowlnir an lucrcaso of 2 potniB. other
months remained unchanged. Opening futures:
March. 0.170.1Sc. ; April, O.STi'SO.Soc.; May,
iLSlQiLSOc. : June, 0.20c. bid; July ,7.30W7.32c. ;
AiiKUst. 7.37R7.30C. ; September, 7.474J7.4RO.;
October, 7..'-'ia7.55c. ; November, 7.5Sc, bid;
December, 7.C5S7.00c. Salon, SOOO bags.
NEW YORK B.TJTTER AND EGGS
NBW YORK. Jan. 20.-IlUTTBn. Market
fltmer. Pecelnts. (1101 packaKes. Cresmcry
fitia. 3:ii33iio.: hlKher ecorlnic. I4B:I4Uc.:
(State dairy, ulH132!ll..; Imitation creamery.
24'.'25Ul'.
lnnD -.tln.L.t n..MI.J Tlanalnl. OfilO
rones. Freeh extra firsts. 33c: fresh, firsts,
32'.32V;c nearby, whites, 30tt37c.: nearby,
mixed, 32033c.; rofrlgerator firsts, 20c.
UNDERTONE FIRM IN LONDON
Trading In Americans Narrow; Steel
Nominal at 50.
LONDON, Jan. 23. Trading In American
securities on tho Stock Exchnngo today
was narrow, but tho undertone was firmer
In the main. The withdrawal by the New
York Stock Exchange of the regulations
restricting sales of stocks or bonds ex
cept for cabh or In the regular way has
helped dealings here. Local speculators
are making preparations to operate di
rectly with New York, and Jobbers are
resuming tho evening street market.
United States Steel common was nomi
nal at the local minimum price ot GO, ow
ing to the further reduction In the mini
mum quotation at New York to 40. Tho
other departments wero Irregular. Tho
tone of specialties was good and of gilt
edged investment issues steady.
lxindon 3". Y.
close, enulv.
. ., .... JT.'.-'
smaigamaieu copper r.v) 01V4
At.hlmn 0,1 Oftl
naltlmore
Canadla
cue
Chi
-111
Denver & Hlo Orande Oti (V
lrla
do
Illinois
(Missouri,
cm
N
Reading 70 147t4 tj
Houthern Railways 17U 10S U
Southern Pacini! 87H 8i't U
Union Pacific 123' 10OJ 2
Consols 08i4 .. ..
IncreasA. Decrease.
Ex dividend.
-:
& Ohio 73 72W -HI
n l'acinc KIT 102 U
aapeaKe & 11110 J 11 45ft Vi
caro Great Western 11 104" s:
Mil & St Paul 0-n; rili! i!
. nl. n.n..A ,tT n(.
23U 22 14
1st preferred 33 HiiS: i
Central . 110 107H ."
-I, Kansas & Texas.... lit! II 14
w rorK uenirai ui ptn u
Y Out & West . . 24 23'I ..
rnoposAt-,8
DEPAUTMK.S'T OF CITY TRANSIT
731 Hourse Ilulltllna;
Philadelphia, January 22. 1813.
Sealed proposals, properly endorsed and
addressed to the underslsnsd, at tho office.
ahovo mentioned, will bs received until 13
o'clock noon on tha datis noted, and opened
Immediately thereafter, (or tha work of re
construction and relocation of sswers In cen
tral portion ot city, preliminary to rapid
transit subway construction, as follows;
Contract No. 10 Sewer In Walnut street.
10 ft. 6 In. and 11 ft. diameter: about 1613
ft. lonr. Bids to ba opened on Tuesday,
February 23, 1015.
Contract No. 11 Sewer In Walnut street.
Washington square and Locust street, 8 ft. 0
In. diameter: about 1047 ft. long. Bids to bo
opened on Friday, February VS. 1915,
Contract No. 12 Sewer la Willow strstt.
Sixth street, Franklin square. Usee street
and Eighth street, fi ft. a In., a ft. 6 In. and
8 ft. diameter: about 2603 ft. long. Bids to
be opened on Monday, march 1, 1915.
Contract No. 13 Sewer In Ninth street
from Arch street to Market strest. 4 ft. S
In. diameter: about 882 ft. long. Bids to bs
opsned on Wednesday, MaTch 3, 1815,
Contract No. 14 Sever In Jtanataad strut
from Eighth street to Ninth street. 8 ft. by
2 ft. 1 about 414 ft. long. Bids to be opened
on Friday, March 5, 1815.
Plans, specifications and proposals, can be
obtained at tha onice above mentioned, a
deposit ot IS being required on each set ot
plana pending return.
Bidders must ba skilled and regularly an
gaged In the class ot work for -which they
are competing-,
No bid will be considered unless accom-
fianied by a certlflcata from the City Solic
tor that tha provisions of an ordinance re
quiring proposal bonds of 1500. on all bid
xcesdlng la amount flvs hundred dollars
(00). approved May 20. 1860, hare beeo
compiled with.
Tha Director reserves to himself tha right
to reject aoy or ail bids, as ha may dt en
ben for lb Interests ct tha City of Polls,
dslfibU. Jl U TAYfjOB.
"D44wilif.
PPIILADELPHIA MARKETS
imlic.l do., skinned.
., do.; smoked, i:UimWe :
. cltv cured, as to brand
Mllie ; hitmn. nmoknd. Western
ctimi, 1414iic.i do., boiled, boneless, JOB
GRAIN AND FLOUR
WIII-AT. necelpl. 147,100 bushels. The
market was firm with a Bood ePfl d'mAnd.
Dtiot&tlons: Car lots. In JJtwt leyfttor-N jf
red, spot and January. 31.493Jl.B2l No. 2 red
vVstim, Jl.B3Bl.Mi NO. 1 Northern Dutulh,
'cOltrJlnecelpls,,, 83,205 hushels. The
market for etport deliveries opened '.4c- hlaher,
hut Afterward lost the Improvement. Pflf
local car lots further advanced Ic. Quotations
Car lots. In enport eleva tor-No. 2. spot ami
January, SOffSlfee.; steamer, .OfllWi-. j No. .T,
78-170-. Car lots for local trade, ns to location
-No. 2 yellow, new, M'.tff84e.i steamer yel
low, new, S2UJ?S3c,: No. 3 yellow, now, .DM
SOe.j sample yellow, new, 738 iOc. i new cob,
per 70 Ins., 82fl83c. ... ,. ,1
OATS. Itecelpls. 40,102 bushels. Supplies
were small nnd prices were 1e. higher, junta
tlons: No. 2 white. nH4f2c.i standard white,
OOHflnle.: Nq. a white, WHtOOVt-e.
ilVf nrm. We ouoto at 11.18 1.24 per
bushel, as In quality. In export elevator! and
nt fl.03sl.13 for email lots of nearby grain
'"pStJlt. ltecelpts. 1370 bhls. and 1,020.040
lb-. In snek. Mill limits firm v hetd. but
maii.l llsht Wo ntioto per 100 lrB,i,ln.,raM
Winter, clear, f0tTn.2.-.i do., atralahl, jn,3JI
0.73; do., patent, f0.73B7: Kanms. slraltrht,
.info encks. fO.OOifrO.'l.'',: do., patent jute sacks,
10.00(7.7.13; sprlmr, nrst clear, q.WJ'fliJ-j.,',V;
slrelcht. ia780.f0: do., patent, ffl.P0iT7.i..l
do., favorllo brands, f7.3rifl7.ri3; city m lis,
choice and fancy patent, T.3ffJ.3: (Its' mills,
regular gradea winter, clear, fiHn...i: no.,
straight. 0..Wr",7.V do., patent, n. ....
KYI! 1'I.OUIt, Quiet but Orm under light
offerings. We quota neart'V and Wcslcrn in
wood at fO.noil". as to quality.
PROVISIONS
The market steady, hut trade quiet. Quotn.
Ilctts: oily beef, In seta smoked and alr-drled,
Soft-roc.; Western beef. In sets, smoked, 2320e.j
do., city beef, kmicklon ami tenders, smoked
on.l nlr-drlod, 27f2Rc: do.. Western beet,
knuckles nn.l ten Cera, smoked. 27T2e. : beef
hum s.itT.i. ..!. 'aM.ni. i.'Tinnni hams.
B. P. cured, loose. nuralHUc.l do... skinned.
loos,-, jvti(i-4C.: ao.
other hams, smoked.
and average. M-JUiic
20c; picnic ehoulders. S. P. cured, loose. 104
Rile.; do, smoked, HMTlSc; tallies. In
Plekle, according to average, loose, W'vfJMe.:
breakfast taeon, as to brand and average, city
ruretl 17ylM, , An Va(nm iMlreil. I.OIIpC.:
lard, Western, refined, tlorcca, IlilllHc: do.,
do., tubs, lltliic; do., pure city, kettle
ren 'red, In tierces, 11011H-! : do., pure city,
kettlo rendered, in tubs, Itgil'ic.
REFINED SUGARS
Demand light, but list prices firmly held. Re
finers' list prlres: Standard granulated. B.lOc.;
line granulated. 4.03c; powdered, n.lfir.i con
fectioners' A, 4.D0c: soft grades. 4.103'1.80o.
DAIRY PRODUCTS
IIUTTKIt. Demand was fairly netlve and
prices ruled firm. Quotations: Western, fresh,
solid-packed creamery, fancy specials, 35c;
estra, 33c; extra flrHs, 32c j firsts. 30iJ31c;
ncconds, 27ii)2Sc; ladle-packed, 21sr-lc. as to
quality; nearby prints, fancy, 80c; do., aver
age extra, 3.1c,; do., firsts, 31033c; do., sec
ond, 2Sl20c. Special brands of prima Job
bing nt Jlftl.lc.
EGOS were 4!ic. per case lower, under
more liberal offerings. Demand fair. Quota
tions In free cases, nearly, extra. 33c. per
doz. ; nrsts, $0.45 per standard case; nearby,
current tecelpta, fn.13 per case; Western nnd
Southwestern, extra, flrnts, fo.4.1 per caso;
Orsts, f 0,1.1 per caso; Southern, fs.ri5iril.13 por
case; fan.-y selected candled fresh eggs Job
bing at H.1i?.'l7c. per doz.
CUKHSE. Demand fair for export nnd
tno nmrlipt firm under light offerings. Quo
tations: New rnrtc. full cream, earlier re
ceipts, choice, lOMc; do., do., current make,
choice. 15Wc; do., do., fair to good. llWOlOc. :
do., part skims. SfilSc.
POULTRY
I.IVn, Demand fair for desirable stock
and vnlucs well maintained under modeiato
offerings: Quotations: Fowls. MOil'M.: old
roosters. Ultimo.: young chickens. 1416c;
turkeys, 14ffl7c. ; ducks, tSHlOc. ; gco.-o. 1411'
lite: gulncns, ns to quality, per pulr, 43133.10. ;
pigeons, old, per pair. 22G23C.; do., young,
per imlr. lifflSc.
DltKSSED. Offerings of line deslralile-slzed
stock light ami vnlues 0' this description firm,
but trade quiet. Quotations: Fresh-killed
turkeys, drj'-plcked and dry-packed I-'ancy,
nearby, 21c; do.. Western. 21c: fair to good,
lj20o ; old toms, inc.: fowls. 12 to box, dry
picked and dry-packed Selected heavy, llic. ;
neighing 414S5 lba. apiece, 18c; do., 4tf4'S lbs.
apiece. 17Me.: do., 3'nft4 lbs. apiece, lB&l'c;
do., 3 lbs. and under. 12j13c. ; fowls, bbls.,
dry-picked and dry-packed Western, dry
Picked, 4105 lbs. apiece, 17c; do., do, 4
lbs., lc; do., do., ate lba.. 14c; do., do., 3
lbs and under, 12013c: old roosters, d.-y-plcked,
13Vic.' broiling chickens Nearby,
11,402 lbs. apiece, 20tf22c: do., fair to good,
ionise; Western. 1MB2 lbs. apiece, 20c: do.,
fatr to good, Ufrific; rhtckena. dry-picked and.
drj'-packed, In boxes Mllk-ttd aj to 3 lbs.,
to doz. I.e.: milk-fed, 37 to A'j. lbs. to doz.,
17c: milk-fed, 43 to 47 lbs. to doz., 17c; milk
fed, 48 U13. to doz.. c; mllx-fed, 00 lbs, nnd
oer. 10c; corn-fed, 31 to 42 lbs. to doz., 13
lr.'.ic; corn-fed. 43 to 47 lbs. to doz.; 10c:
rorn-red, 4S lbs. to doz,, 17c; corn-fed, no
lbs. nnd ocr, IS- ; chickens, dry-plckod nnd
dry-packed, in bbls Selected heavy, 18c;
Western, corn-fed, 5 lbs. and over, 17c.; Wort
em, corn-rod, 4 lbs., infJlUHc ; Western, corn
fed, 3!4 lbs., l.VJc- Western, corn-fed, 2',6f3
lhs., llillCc; ducks, extra, li'.frlTc. : do.,
ordinary to good. 1215c; geese, nearby,
12014c: do., Western, 10gi2c; quabs, per
doz White, weighing 11 to 12 lbs. per doz.,
S4 40S5; white, weighing 0 to 10 lbs. per doz.,
"3.M1B4.30; white, weighing 8 lbs. rer doz..
MOS.SO; do., do., 7 lbs, per doz., $2.r.og2.M);
do., do. OfHi lhs per doz.. 11.5082.10; dark
and No. 2. OOciOJl.23.
. FRESH FRUITS
Offerings were fairly liberal and the market
waa qulett and .barely steadr. Quotations:
bushel Pennsylvania. OianSe 1 v. .
to quality, 4.1&32c., whit" potatnV-f wi J01. i
nrmkpCer,80rafge'.S i&u&SS&&&& tS
Ih-SJ. 'l0V..f'.0,"1" Per lW-iTOiniTiS?. b!,
'
uh iiuii.ai.t3i hu h I, npr tnn i
New York, per crate, 7Sc.'oJ ?25 ipfn.u,'"'
to k. iier barret. Mni.7.1" i,-..' F.'"1!', Nor,
barrel, 73BOOC.: lettuce Florida i2S0V'' .'
f24i beans. Florida, n... ir..?'. I0.' kMVet.
1 24 ' beaKirlo 1da.Cper" Siftl f&M
Ida, per. banket. f.73J?3.rA)! so 1 "asli "t-i "l"'"
per basfcet. Sl.oitlSi pepper, plSuda rf.l?,i'''
rler, 2fl2.50: tomatoes. Florida. ,.' ?.'.""
(1,'v. 9ffTn an, ,t,.. i, .ft"?. Per CArrit
per 'crale7 i'.25fli:3.');'7o ;"uNw r0Sorl',:
t,u5?h'.:,3a55!'i mushrooms', wfi?h,J
fini.25.
baiktt,
MINING STOCK QUOTATibNS
TONOPAH STOCKS
.ill
.011
.27
.3.1
.1.1
Jim tluller
MncNamarn
.Midway .."1! I
Mltpah Extension
Montana
North Btar
Tonopah Itelmont
Tcnopali Kx tension
Tonopali Merger
Tor.opnh Mining
fteBCue l"ula
v esi r;nu
OOI-DPIULD STOCKS
Allanl.i
Illuo Hull
Ilooth
Ilulldog ;
C. O. D
('omblnRtlon Practlon ,.,
Dlnmondileld II 11
I)-!sy
Florence
CloldOeld ronsolldated ...
Ooldfleld (Merger
Jumbo Hxtenslon
newnnas
Aikal
.7!'
JO
.5
S,
! u!,V
:S 1
em
Sand Ken ,
Silver Pick
Vnlrv Alti-
Klmberley
Nevada Hill ..
Nevada Wonder
MtSCEt.LANKOt-S.
.3(1
.OH
.2!)
.03
.07
.01
.04
,0.1
"(I
1 2
.!!
.13
.12
OS
. .01
. .07
. 31
. 1 15
..111
.(IIS
.(Ml
.OT
.IM.il
.07 n
.71'
m
:!!
"a
.03 i
.10 4
l.M'1
NEW YOUK CURB
llrnden Copper
Hrltlah-Amerlcan T old
do new
Ooldneld Consolidated
GrLene Cnnanca
I-i Hose ;
-s'lplsslng
Oils Elevator
do preferred
Ttlker-Hescman
Bterllnu Oum
Tobacco Products preferred..
United Cigar Stores
do preferred
United Profit-Sharing new. .
Willys Overland
do preferred
World Film
Yukon Gold
"i M,-i
... iitt
. . iJ
... r.u
. .. fiS'J
... DO
;;;!
... niK
...112
... . 4U
... fMl H
...04
l
RTiP
IB'M
r. 'S
70
01
i5.
i
3
2
ALABAMA BANK CLOSED
I
t.i'1'irt, .c,v iu,,, itet- ..arret Greening,
2(fi2.30: King, J2S2.7S: York Imperial. 2
2..V); Ben Davis. J1.B032; Spv, f 1.7.1S2 .10;
noldwtn. fl.73f32.30: other cood eatlnir var.
Idles. fl.75B2..10; mdlum, fiei.,',0; Apples,
Western, per box. 73c.iSi.2.1: annleti. rwin.
ware and Pennsylvania, per hamper, r.0iijfi(lc;
lemons, per box. f2JJ2..V); oranges. Florida,
per box. 1.23'a2.S0; tangerines, Florida, per
strep. 2i03: grapefruit. Florida, per box. fiw
2: pineapples, per crate Porto hico, fl.now
2.73: Florida, HJ'2; cranberries, fancy late
varieties, per barrel. f.'1.3O9l.30; cranberries,
Cnpe Cod, early black, per barrel. fl2;
rranberrles. Cape Cod, early black, per crnte,
75c.0f1: rranben-les. Jersey, per crate. ",0?j
...l,. I'caiB, ,.ow j., jointer, per nnrrei,
flf2; strawberries, Plorlda, per quart, 25310c.
VEGETABLES
The market waa quiet and without Important
change. Quotations: Whlto potatoes, tier
Savings Institution In Birmingham
Suspends; to Protect Depositors.
lilRMINrjIIAM. Ala., Jan. 2fl.-The Jefferson
County Savings Honk, one of the oldest In trie
city, was cloyed today. More than tlM.W)
waa withdrawn yesterday, it li siltl the iui.
pension Is only temporary and that all !.'
posltora will be protected. The bank hn a"
surplus of $2.V,0(". other assets of fl,73u,ooa
nnd deposits of fl.230.OOQ.
Bethlehem Steel Sells Bonds
NEW TOPI', Jan. 21). Tho Bethlehem Steel
Corporation has sold fl.CfiO.000 of Ihe 30-jer
3 per cent, first Hen and refunding inortrara
bonds of tha Bethlehem Steel Company. This
Is part of tho total authorized Issue of 30.00O,
(100, of which there nro now outstanding
fill. 01 5,000.
l.
FRANCE TO ISSUE MORE BONDS ',
PARIS, Jan. 20. Th Chamber of Deputes '
nHnntn.l u Mil Inrreaslnir bv l.OOD.OCO.OOft franc V
it'Hii IMKt noot Mm limit nf tho Ikriir nt lrAHtirv
bonds which had been fixed at 3,5O0.OO0,OH0 M
irans t.uu.m-i.lui. jl mu p.... iucb iur llie
Issuanco of short-time treasury bonds.
Intrinsic Value
The difference between in
trinsic value and "market
price" represents, as a rule, an
artificial condition there has
been inflation or depression.
Intrinsic value varies only
as actual development pro
gresses. It does not fluctuate.
It is NOT speculative.
An investment represent
ing intrinsic value only, free
from manipulation, yielding
a liberal return and for,
which there is always a
ready market based on in
trinsic value, is what we
offer.
May ve send you our
booklet?
It demonstrates the im
portance of intrinsic value.
The White Investing Company
WALTER WHETSTONE
Philadelphia Manager
Morris Building, Philadelphia
REPORT OF
The Pennsylvania Company
for Insurances on Lives and Granting Annuities
Trust and Safe Deposit Company
517 Chestnut Street
Broad Street Office, Chestnut and Juniper Streets
At the Close of Business January 25, 1915.
RESOURCES ' , 'M
Cash on Hand and In Bank ....,.' fS'i?a'io7sS
Call Loans upon Collateral , , '?ii iil'Tl'
Time Loans upon Collateral ' St'wBj".
1NVRRTMRNT STr!milTII"Sl fVISIK!n VI7, i
Stock. Bond., eto H?ttll'M 4819.0ll-'l
Mortgages , -, It8"', a -"' 3
iteserve mina tor tne i'roteotion or "tjasn iiaiances in- xrum v- riMjiT.ts
M'.-.'SV
ibi.!:J. ja
uu.i'--Ji:
.... $34,031,487,311
counts'
Real Estate, Furniture nad Fixtures
Interest Accrued .;...'...,
Miscellaneous Assets ,....'.
Total
LIABILITIES
Capital Stock ................... ........ Vni'nAfl.(
Surplus Fund I .... ...,.....,..'. , "" 6St!3-i
unuiviueu x-fujua, leeo uxpensea ana axa i'um . .... inifn
TMt-kafrT0. r T
Subject" to Check , Mil'llfll -7.34S.510.JJ
imerest i -ayaoie .,.., mm 18,IH-
(U,S-.ttVWU4 M-MWII-UVB, rltfHMfMHtMtMllt"""""
Total
.. $34,031,487.31
TRUST DEPARTMENT
Individual Trusts, held na T-lvann.nr Administrator. Trustee,
' V. T. JZ .7I - . "I . - . .4.S
uuaraian, u.oniniuiee, Auuruoy. me siss 505,s;iwta
I ... 4.S81.5M'5?'
Investment., (par value)
Amount for Investment
Cash I. ' not for "
I Income Awaiting Distribution J
" ' . ,u..... $200,087,120.!
Corporate Trusts, Tcital Amount of Bond, of Corporations .eeured M1 (
by Mortgaues or other Collateral j-mw
Total Amount of Beourltles held a. Collateral under Corporal . , 1W tjtjj
Deed, of TrMt .j .' -
C, S. W. PACKARD,
Pi-sldeat
C. S, NEWHAU,
TreoiU''
p