Wi8f a?gwy.'jW'jvwnywyiiw wwutt ir. wwi?"i
EVENING LEDdlOK- PHILADELPHIA, MONDAY. DECEMBER 13 1315,
1G
FINANCIAL NEWS
UNPRECEDENTED GLUT OF MONEY
CONTINUES MAIN BACKLOG OP MARKET
Credit Facilities Are Virtually Unlimited Host of Un
founded Rumors Bothersome to Bethlehem Steel
Officials New Low for Marks
XBW YOUK. Dec. 13.
The unprecedented glut of money continues the ninln backlog of the
market nltuntlon. No other argument nmounts to murh beside the one fact
that credit facilities are lrtually unlimited, dcaplto the great rise that has
already taken place In stock price. The following conversation took place
last Week between the president of one of the biggest Wall street banking
Institutions and one of bis lonillnir customers. The customer, who was a
MT wealthy man, remarked to the banker that ho had sold a certain block of bonds.
"How much was It?" asked the banker.
"Oh, n little over n million," was the reply.
"Good Lord," exlalmcd the banker, "another million? Wo don't want
that money here. We have more than we know what to do with already."
"Well, what shall I do with It?" asked the depositor.
"Do nnythltig with It, but don't leave It heie. Take half of It to some
la othcj bank, anyway, and we will take the other half If wo have to."
IM, Commission house people say that they are carrying virtually ns much
J) IjL stock as they were during tho boom, with the dllTeronce that the customers
nro uoing notning except sit tlgm. Tliey nac losses on paper, 01 course; mil
they aro apparently content to wait until the market goes back. The Idea
of taking losses never seems to enter their heads, and tho dlfllculty about
Inducing them to sell out Is that they almost Invariably have unusually big
margins. A decline of several points means nothing at all to them. They
can bo patient. Tho possibility of a decline ot the size that would really
frighten them seems rather remote.
Ofllcials of the Bethlehem Steel Corporation complain ot the host of un
founded rumors thot are continuously being circulated regarding their prop
erty. They are tired of denying the most ridiculous stories either invented
or at least given circulation. A sample of the type of rumor that Is being
passed around Is that tho employes of tho company have made so much
money in extra wages and speculation In tho stock that Mr. Schwab has
decided that no Christmas bonus will be distributed. In place ot It, how
ever, each man will receive a Christmas card richly engraved nt a cost of $15.
Another story was that the employes to a man were to receive heavy gold
chains costing $1400 nplcce.
At tho present time no little credence is being placed In a story that a
big special cash dividend of not less than $100 n share will be distributed to
tho stockholders. This seems to be founded on an estimate of tho net prollts
of tho corporation to date. About a year ago Schwab announced that divi
dends on tho common stock could not bo expected for several years, because
he intended to spend a certain amount of money In the Chili properties and
other xetcnslons. But the profits have been so greatly In excess of this sum,
according to the business estimates, thnt tho inference is that the surplus
will bo given to tho stockholders. Still another story Is thnt the Bethlehem
Steel Corporation will distribute to tho stockholders the Anglo-French bonds
that It recently subscribed for.
Publication of tho note of the United States to Austria did not cause
any excitement on the floor of the Stock exchange nt the start of trading j
today. About tho only thing It did do was to bring out a larger attendance to
brokerage houses. Opening prices were, as n rule, under tho flnnl of Satur
day, but not to any great extent, while some stocks, principally the specialties,
were higher, Studebaker nnd General Motors being nmong these. Itallrond
shares were lower, thcro being particular pressure against Bock Island. That
stock was down nearly two points nt the low, but recovered somewhat later
In tho day. Increases In passenger rates allowed to the Western railroads by
tho Interstate Commerce Commission was not rcllected In the prices ot those
Stocks. Thero was some pressure after midday, and prices went off. Beth
lehem Steel was down 1C. American Tobacco was weak, nt one time show
ing a loss of more than nine points. The closing was irregular. German marks
made n new low record of 77S. The previous low was 78U.
New York Central, with nn advance of a half to lO."1,, sold at the highest
price touched since 1913. with the buying apparently bnsed on the expectation
that the dividend will be Increased at Wednesday's meeting. Representatives
of the management state positively that such action Is not even under con
sideration, but this dental did not cause any liquidation even by recent buyers.
and when made was followed by tho statement that the heavy Increase In ,
earnings In the last few month Is a sulllclent reason for an upward move
ment In the stock.
There was continued selling of Anglo-French bonds on "seller 30" options,
putting those bonds to 94Tg. The syndicate contract releases members from
restrictions tomorrow. Foreign s-elllng of International stocks progressed i
all through the forenuon In a larger volume than had been noted In the last j
week and was a factor In causing recessions In such stocks as I'nlon I'acKlc,
United Stntes Steel common and Anaconda. j
New York Stock Sales
WHEAT RALLIED
AFTER EARLY DROP
Arrivals of Outs Light, With
Export Inquiry Growing.
Liverpool Dull
New York Bond Sales
CHICAGO. Dec. 13. The grain market
opened quiet and fe.iturelesis today.
Prices generally were easier Wheat sold
on a par with Saturday's dual prices, but
later declined. December brought $1.13
at the initial sales, and (-as-Reil to Sl..-,j
before noon. May, opening at J1.10'.
dropped c and July, which showed some
strength at the start, fell fiom $1.03 to
ll.K,.
A general recovery set in around mid
day and prices rallied sharply, closing n
cent or more above last week's tlnal
figures.
Corn was firm and held stead In the
early hours, adverse weather causing
good support.
Oats were steady and changed only
slightly, with no apparent weakness. Ar
rivals are light, and the export Inquiry
Is growing.
Exports from North America for last
week numbered 11,110,000 bushels of wheat,
2,156,000 bushels of which went out as
flour; 332.000 bushels of corn and 2.183.000
bushels of oats. The Pacific coast sent
out 523,000 bushels of wheat.
Liverpool was dull. Spot was unchanged.
Cargoes were steady. Domestic offerings
are not Improving.
trading futures ranged as follows.
Sat da
When! Otpn. Hliill Low Clone, clce.
December . 1 JV, I H l.U"a ll.V, M.IfU
ft,.... , .- . ITS 1 1-lLi 1 171. 1 1 r.li.
July
Corn (new deliierj)
December
May
Oats
December
Ma.,
I-ard-Deccmlwr
January
Jlny .
lUt-
1 p. ember
Jaruarj
Way
Pork -Peiembtfr
Jinan n
May
1.1.-.', 1 IT. I.Hl, 1 17. 1 l.Vi
1 UN J Oll'i 1.0H, ICII, l.lll
B7' , l7i,
70", U7H 'fci'i
tll'?
.mi
"75,
4-1.
H7
71S
-nt
41
411,
IS
lull
U.UO
DiiT
U07
0 15
OKI
0.1.7
10 to
11.10
tl ST tll.ST
D.h7 t.f7
0 62
tl.U2
PHI
MIC!
11.40
0,W1
.2
D.IS2
I'.lll
tin 23
1H.1S IS IT 17.11 tl n
Hid. tAnked
IN.15 181
11121
1S.01
1S.02 IS.U 'ISM
LIVE STOCK QUOTATIONS
CHU'AGO De 1V-HOQB HelDU. (IS 000
market uteadv to xtronK. mtied and butchers
.-. wa.t 70 Knod hea-v il,-iil.70: rough
heavy J'Vtfl.l lUht .-.(OOU.11; plt, Jl.Ti
t,-. in bulk fn.104i 0.6.1
. A I i LIS Iceeil'ls. '. iw iiwrnei aieituv
to IV blglwr. beeiei. $4 lOiiliur. cows and.
heifer itr'-SMO: stackers ind feeders
.)?..
EJJI fcr. I liri-fcll.
32.000,
JOS IV.
market
law,, name and Western. S-1.2.rlu.40 lambs.
C0U.35.
Chicago Bond Market Good
CHICAGO, Dec 13 "Western bond deal
er are enthusiastic concerning the fu
ture of the bond market and believe
that it wil) be a considerable length of
time before anything like dulness again
appears. If they can get the bonds which
Investors are seeking. It is pointed out
that numerous railroad Issues haye been
readili taken up. as well as certain cor
poration and public utility bands. It is
believed that the offerings of foreten
governments which hae been made
vitliin the last few months, have been
Absorbed la a satisfactory manner, else
there would not be the extreme confi
dence which Investors now seem to bae
in lbs general market
Better Inquiry for Copper
SBW 1'ORK. Pee . -There. Is a better
inqufry fur coppr mgtal and. the unjer
lyujs feeling Ip the market has Im
proved LaOJiti produc-en) and sellers
c - fc 'o- 31 rents a. pound.
m siayjt, but Ortwi; sellers re stilling
t eei . So ei -a lnteU arc
ftflier coailr.bluaxiUttAnt3 domestli?
1 S)01
20(1)
llllll
II llll)
.:ih
J17"w
MXHI
lllO
I'OII)
27IKH
11011
Tl). IP
Wlllt
41.1 mi
4i mi)
mo
HK'I)
.".iHm
"IHHI
1111 1
Till II
2 II (HI
2i on
1 IIH (I
IllOtl
111 -I 111
2::i in)
..nn
10.111
.'.MID
1(01)
.tin (I
UUHl
,'MHI
11IHKI
2IH0
." 4 1)
l'IK-
IllKI
lUljl)
111. I
i'll(4)
Id Ml
IH II
4.-0WI
21111)11
I'.'lall
SO)ll
I") (HI
"(HI
(.MX)
12IUO
Tt,l
.-.. M .
40l 'O
IIKIIH
111)1)
I'-OII
MHHI
L'lK II
11X11
1.-JXII
linn
.VJISHI
.H on
lux)
'VXXI
.-J I)
,-xlxl
4UXU)
IIMX)
201X1
:ioio
12IMHI
lOM)
414X1
o
tifXI
101 o
1I1X)
.'(X o
(XI
211(0.)
anon
:i(x o
Kill
101X1
IIXX)
Of00
rxuio
MX)
soon
irAH
MX1
KXUI
ieix
4W
1MXK)
WOW
llourt
KXMH)
JWrt
If 00
2UXJ
urn)
iM
llllill
Albnnj Sua Tjs . M.S.
.lixk.t Cold c is 111
Anier Akt "h . . nil'.,
Amrr Cot Oil ."n . I)(!
AnRln-l'r I. .' ti
dn is .SO) ., I '.".',
Amer Smelt Stc is .11 ti
Ainer Thrt.ul 4s IiT'-j
Ainiour Co 4Ks U21
AUhlxon Ken 4s 1111
Atihltion ..a lols
Allan Co l.lnc I hi lu .
11 lit ..- Ohio :i', . .'',
Hilt uliiii c 4'.s ni
ll.ilt & Ohio Hn l'.j li.'ij
llclh Steel 1st ."h In!
ll.-lli Meel rid .s nil'.
Cent t.iather lit s 1(K)7
Cent 1'nc 1st 4s . 101,
cent It It N J .'.s 111.,'.
Chill Corner 7s 1.11',
('lies ii Ohio .", 4liS Tl.
Clies i. Ohio .Is . .mv,
I 'hi Ot West H Tl
I hi 11 & I) Joint 4s. US
( hi II A: U Ken 4s HI
Chi M & st 1' f.l 4ijs ni'i
Chi Mil A. ht I- Ken Is. HI
I'M 1 - ht l'n .iB liM
Chi Mil ,V St Pet .'1 IDT
Chi Sill A. S 1' c 4'j 101".
Col .V South 1st 4s !J
Del .1 Hud rfd 4s nil
Del . Hud 4s Hill. .111)1.
Den . Itl Or rfd Cs smj;
Detroit I'lllted 4ljs TT',
Dis detur Loip .is . Tl
Urie utn 4s. .. 70
rrle iinv 4 sser A 721,
l'rie. (onv 4s ttr n M
(en l.lec ileh 7.s till
Hud ,v Mun rfd 7,4 7.1
III Steel deb 4'iis Ill's
111 i tnlldl rfd 4s . M)'3
Ins Cuptir c lis . 17i.ly
Interb Met 4'i ... 7i.it
lutirb It T let ,1s... H'l'j
Inter Mer Mar Pss . IMj
.to ct 4s tc7),
Internl 1'dper Ox .. 2lj
Jap new O H IViS Tl
Uicku Steel .Is 1112 i. . I)S1,
tin .Is 11)10 ... Ill
I.k Sh del. 4s 102S . IH4
Louis X Nish Is . in
Manluiitau 4s , , H2
Minn Si 1' S S M 4s US
Mo Kan & T 1st 4a.. T.n,
Mo I'dx- Is ..41
Mo Pac cv .Is .. 4lt
Mo 1'ac Is 11120 SJl,
Mo I'acltli' (Is llxli.
.n v Air lirnke ct (all I
Y C 11.. 1111.
V n tl. if mil- t.,7
N
N
N
N
X Y
N Y
N y
Norf
Xor(
1 U K 41 l.S -'!
Y C .M Hud 4t,s UUi
Y City 4t4s lliir.1 lllilij
Y rM. J!.. llu. IHT
C 4is Nov 11)14 ST',
IJ'4
il.l',
12IKS
III
HI
1121.
1(U
I1KI4,
l)
121
U.1
1)7
if-
711 1
Itwv ret Is
Itwy udl la
Jw. (Vest 4s
A. West c 4s
Xor I'ac utlor 4s .
Nor l'ac Ken lis .
Ore Xlwy &. X con 4s
I'acinc Tel 3s.
Pennu Ren ct 4lfjs
I'eo Gas .Is
Public her X J 5s
Hay Con Con .. .
jteaiiinK sen -ts.
Hen lr & 8 3s
Itork Island rfd 4s.
Hock Island 3s . .
St Louts Sivn 1st Is
Sealtoard A I. adl .Is..
Seaboard A I. rfd 4a.. 72
South Hell As . . :
South I cv ret f p 5s H U
South I'ac rfd 4s ihh,
touth Itwy gen 4s . . . TO
do ion 3s lot
Third Ave new 4s .
do adj Cs
Trl-Clty 3s ... .
I' H Itubber t!a ....
I' S Stesl 3s ..
I'nlon I'ac 1st 4s...
do ev 4s
do rfd 4s
Vn llwji S F 4s
Va Or Cbem 1st 3s
Yt'abasb 1st 3s
do 2d Bs
Wnb-V T 1st ct 4s
Ytest Md 1st 4s .
Low i
ilS.
11 !
101'.
IIII5.
IIS
Ill's
in'.
Il7l
112 1
llli,
HIP
j'i
lllllj
H21.
liu
lult,
10(11,
do t;
IliiS
12Mj
ST
())'.
T4
lis
114
i4'
III
11)1
107
101.
H2
till
lOO's
l!
M
H.H'j
73
Hla,
IHHj
ID,
7t."-jr
U1J
III'.
D2I4
tr"'
bsi.
Id,
l)4
1U4
112
It!
TMj
41
urn",
tin
urn,
2C,
mi,
1I1T
sT'.
TIU,
34 U
H1U
I2t
II2X,
IM
Idi
1KU.
luWi
lies
In)
121
01',
HT
ml'.
T'.nJ
t,s
HI
HU'l
lull.
'.IS
m'.
n is
IiTi,
mi;
hid,
nji;
i.2';
in,'.
Itt's
till
101'.
11X1',
I.III4
lliiV
12s 1,
sTi,
103',
US
III
mi.
111
Hit
It 7
1UI.
112
Hi.
11)1)1.
::'
T.V'
lllli,
71
mi,
IXH.j
mi's
7l.,
IH.Il.
?2l
us?,
in
114 1.
Il4i
1)2
HI
7M-,
44
4
Wtl
1IXH.
llll
11D,
S2U
!ll
IOiH,
1117
t.7'4
71.
31',
III 1 1
120-s:
r'S
i.i.
t)2i;
ii'n;
HT
u
4i;k
T!l
13 T2
inn. IKiVi
ion; urn
llll HO
ID 70
1 Krt
.SI K.I K
M)V4 Mil, W)U.
.ma nail ion?
.ITi lurt'i iimt
. 07 UTV IlT
, itiil u.hJ u.M
. .)()(, (X) Xlf
. 41U II 43ll
n.sj usr, us
tun; io.-ni inJ
IKHi Witi bow
U IS ui
71!t 7dfi n
Total sales, 2,983,000, compared ullli
l,0S3,o0O lust Monday.
NEW YORK COFFEE MARKET
NEW YOrtK. Dec. 13 IIuUkom as on a
Ulrly actlie seale In tbe nurfeet lor conee
futures in tbe early section today. Sales for
tbe tint bait bour aauuisted to 101 (J bam.
litre changes again ere Irrexular Quota
tluns laity" . .
Todav s
Oixuilnsr
December . . rt.72510.7J
January h.iH
Foliriu.-y 'HfcO
ftjf - ". :::.4Io'1
July &8&T 00
xariut "
Upleojt)er 7nl7 05
I- T0l
N -uoer 7 01
mi.
Sat close.
B7iHU IB
B.7380 77
IJ.773H.II1
II.TSS SI
.iC.tn
0 RiBll.83
u.Asacoo
H.U,'U-,J ill
a.mvu, 17
U ft". - Oil
T04U7U1
Al.tsk.i Juneau
Alaka Gold M
AIIH-Chalmers Mfg
AHI-rhalmcrs Site pf
Am licet Sugar
Am Can
Am Can pf
Am Car A I'dr
Am Car . Kdv pf .
Am Coil Product . .
Am Ktptv.
Am Iljdo .. leather .
Am Hvdo & t, pf
Am Iro Scrurltle
Am I.lnwd
Am Unveil pf . .
Am Locomotlte
Am Sm A lief
Am Sm & Ilcf pf
Am Smelter? pf A
Am Smcltcri pi 11 . .
Am Snuff
Am Steel I'ouniltlcs .
Am Suiiar Hcflnlni:
Am Tel .t. Tel
Am Tobacco
Am Tob pf new
Anaconda Copper
iiisoclatcil Oil
Atch TASK
Alrh T A S 1' pf
Allinllo Coast Uno .
llaUlnln I.000
llalllmoro A Ohio
llalllmore A Ohio pf.
Hank of Commcrco
llitnlta MlnlriR
llethlclicm steel
llcthlehcm Steel pf .
lltookljn Map Tran ,
Ilroiii Shoo pf
Ilrnnsnirk Term .
Hums Ilrolhen
lluttp A Superior
Cat Pclrotcum
( at Petroleum pf
t atiadhn Pacl'lc
Cent leather Co
Cent Leather Co pf
Chesapeake A Ohio
Chile Copiier . .
Chlno Copper..
C'hlraRo (ireat Writ
Chi 01 West pf
t hi Mil A St Paul
C M A St P pf
Chicago A Alton
C , C . C A St I,
Chi li. I A I'ac .
Colorado Fuel A I
Computing Tab Htf
Continental Can
Consolidated Das
Corn Products Ilof .
Corn Products Hcf pf
Cruclhli- Steel
Crucible steel pf
Cuban-Am sucar
Del , Lack A West
Distillers' Securities
Dome. Mines,
rfrle
Krlc 1st pf .
Krlo I'd pf
Oeneral Chemical pf .
(iener.u Llecmf
(Jeneral Molors
(Jeneral Motors pf
(ireene-Cananca
(iuoilrlch II F Co
(Ireat Northern pf
(It N cfs for ore prop
(hicRenhelm fiipl'n
Illinois Central . .
Int Agricultural pf
Int Han , .V J
Inter Con Corp'n
Inter Con ( or pf
Inspiration Copper
Int M M pf, cf dp
Int Nickel
Kan City Southern
Lack Slcel ....
Laclede (las . . .
I-ehluh Vallei
Lleeett A Miers .
Manhattan lleach
Mnnhittnn i:i. glil .
Matwell Motors
Mat Motors 1st pf
Max Mutors 2d pf
Minn A St Louis .
M , st P A S. S At
Mexican Petroleum.
Miami Copper
Missouri Pacific
Montani Poucr ... .
Nat Kiumel A S
.Sat Ht of M I'd pr
Netada Con Cop
Ne York Air Hrtko
N Y . N II A II
Neu ork Central
Norfolk A Western .
N Y . 0 A West
Notth American .
Northern Parlltc .
Ontario SH M . .
Pacilic Mall
Penn It It
People's (lis, Chi
Peoria A litstern
Philadelphia Co ..
Pittsburgh Coal . .
Pittsburgh Coal pf . .
Pressed Steel Car
Pullman Co . . . .
It Steel Sp'g
It) Sleel Spring pf
It.i Con Copper ...
Heading.
Heading Ut pr .
Hep Iron A Sleel .
Hep Iron A Sleel pf.
Hock Island Co pf
St Louis ASF .
st I,. A S F l!d pf .
Seaboard .Mr Line
Sears, Hna A Co .
Sloss-Shef. S A I Co
sloss-S S A I pf . .
Southern Paclllc
Southern Hy . .
Southern H pf . .
Standard Milling ....
Studebaker Co
Studebaker Co pf ..
Turn Copper
'Texas Co
Tex Co suh rec f pd
Texas A Pacific
Third Aienuo ..
Toledo. St. L A W
Union Hag A Paper
I'nlted Cigar Stores
Inlted Cigar Mfrs
t close. lllRb. Taw. CIo.
. 10 10 0. 10
. 23 23!: 22H 22H
31 31M 31 31H
81H 8254 82 825S
. 70 09' i 09 00)4
. 00 00' 60' i f0'f
112 112 I11M 112
. 70 80 78U 78!f
118 110 110 110
I49 149M I49H 14VIH
127!f 12S 120 120
. 10!, I0H I0W 10H
. fil f.0; SO CO
205 20' 20)f 2fl'f
. 21H 2IH 211$ 21H
. US 31 39 39
. tiU'f (MUs bSH OS'j
. 07' o' oo'i no'f
lit)', lllSfi 11HS ItlM
894 89'i h) 89'
8.54 81 81 81
lf2 loOU IftO 1(V)
01'. (i'J'j 0t)l4j OO'S
1154 110 1154 115W
1284 12S'f 128 12S'
2091s 213 200 201
109 10S4 1084 10S4
S.V. 834 81M 814
. 00 394 o94 fi't'i
1004 1034 1034 103,4
1014 1014 1014 1014
lift 1134 1154 1154
1134 1134 1114 1114
FOREIGN
Slrrllnit Itlnti.
Cnblex.. , 1.727ls
llfmnnd . 4.71
I'rnncn
Cnblrn. , B.nlH
Dtmnnil , 3.8AH
Mnrka
Cnble. 7H5A
llrmnml . 78H
4.74V4
4.71V4
8.8GV4
7R
7',4
Snt.
t.nt. C lne .
1.11V 4.72W
4.71 4.7PA
tunyk
fl.8V5
78
18H
ft.81
8.8 IVi
78
78
934 fU'i 92
92
178
I
171
155
8S4
97
Il'i
80
704
2ir.
504
180
514
109
(U4
2.14
M
114
39
914
1324
104
4N4
184
504
13)4
S34
1124 114
194 10
904 014
724 72
110 1104
10.14 1024
2.M 225
104 404
178
I
409
150
884
0(1
114
80
71
204
50
(..
234
5.1
15
394
9.14
131
10
484
174
504
434
SO
177
3,4
I GO
Iff)
884'
90
11
834
704
20
554
177
34
I.M
150
8S4
90
II
81
09?.
20
554
1794 1784' 1784
514 5.14 534
1094 119
014
234
524
114
39
01
131
10
IS4
104
194
434
834'
1114 113
1S4 184
1094
014
234
53
144
39
0.1
131
10
484
17
194
434
834
91
704
HI)
1.57
91
714
1104
15S
2S
42' j
574
504
110
1714'
510
130
. 404 404
724 734
1254 1254 12.'
4S 4S4
704 704
10S4 10S
594 01
1104 111)
214 214
10
2S
124
504
50
454
28 as
424 424
57 504
50 50
1154 1154 1154
17.5 175 175
550 519 5194
131 12S I2S
454
4:
754
IDS
01
110
214
454
7.1
1254
474
754
IDS
01
110
214
irj j '3 4 1 i
134
004
1974
304
. 81
41'
074
10S4
304
82
33
14'
294'
84
104
131
744
1051.
1034' 102
81 81)4
131
744
004
50
154
12.14
92
3.14'
14
75
29
!)4
10t,
134
. 714
1044
121
30
. 74
1154
. 104
114
594
1174
. 114
. 43
. 334
.107),
. 03
.105
414
.1004
. 2.5
804
. 424
. 514
.111
. 4
44
04
. 184'
.17114'
. 03
134
00
1074
304
814
102
S04
.'50 2.50
5 3
131 131
744' 734
094 0S4
504 554
15 144
1234 1234 12.1'
92)5 0'J4 01'
324
34
It
004'
19s4
304
814
102
804
250
5
131
744
!)S4
50
114
29
S4
114
134
714
1014
33
I
75
20
84
114
131
714
1014
1214 1204 12U4
.HI' J
74
1154
104
124
59
117
144
434
3.5
10(1
034
1C5
431.'
190
3D'
71
1 1.54
104
11
5S4
112
114
424
314
100
at
1034'
434
100
214
794
42,4
534
1114 111), 1114
n
44
0
174
S14
424
o.)
104
71
1154
104
114
5S4
1134'
144
424
314
100
034
105
434
100
2.5
804
42) 1
51
4'i
0
174
44
n
174'
17(1
014
1004 101 100)5 101
101 100,4 100 100'
224 214
01'
83
175)4 175)4
014 014
I'nlled Cigar Mfrs pi. 100
224'
. 014
. 834
100
1144 112
. 504 504
211
213
. 114
. 014
. 74
74
9)4
03
214
014
81
014
83
10S4 1034' 10.59,
112 11
534
211
212
11
014
74
74
94
03
109
211'
212
It
014
74
7)
94
03
109
50
211
212
11
01,4
74
04
03
109
..1374 1374 1304 1304
Kt 81
121 120)1
. 21 21
. 384 39
.1474 147
. 54 534'
80 864
.1104 1104 110
70,4' 70t 78'
40) i
81
1184
20)j
39
140
534
854
Union Pacific
I'nfon Paclllc pf
U S lnd Alcohol
United Itjs IniesI
United Itjs Inv. pf
United Fruit
V. S. Ilubbet . .
U S. Steel
U S Steel pf . .
Utah Copper
Va -Cara Chem .
Va -Cara Chem pf
Wabash w. I . . .
Wabash pf A, w. I
Wabash pf. II, i
Western Union Tel
West K A it
Western Maryland
Weyman-Uruton of
Wheel & L. K 1st pf. 104'
Wluys Overland . 2 Hi 238,4 2JS4 2384
Wllljs Owland pf 1114 114 111 114
Quoted ex dividend
Total sales, 331,100 shares, compared with
S25,t00 shares last Monday,
404
113,4 113
104 154
454
284
884
07.
32
454
28),
884
(174
32
112
15
404
113
154
454
2a),
88)4
00) 1
32
112
15
81
119
20)4
39
110
53'j
834
110)4
70
401 i
113
154
154
2S4
88j
07
32
112
15
RATES FOR MONEY
New York
1'hiladelpbla
Hntaii
Chicago
.("!dll
l'.ii.'
3H84
34Q
Time.
auSi
4 (B.ti
f?nmmerclal uarjer. three to six months. Phil.
aUellthla. aviljl per cent.
BANK CLEARINGS
Bank clearings today compared with cor
responding day last mo years
1U13 1011. J013
Philadelphia 1T.5U.Til f2l.uiT.!'K! 23.hiJ).T23
Boston .. 25.CM.T62 IS T81.0T8 20,208.101
New York. 310.T1UMJI 2lT.S84.3st S3l,Si2,12I
BAR SILVER
NEW YOHK. Dec 13. The price of com
merclal bar sliver declined He- today to M'-ic
I.EUAI. AllVEKTISfc-JlKNTS
MOiAUi I'KHSONS Aim llKHKllV CAU
'x? lioued against harboring or trusting
any ot the crew or the Drltl.h steamship
KHWtde from Manchestsr, UngUwd, D. Wll
r n II .sttr a no debts of their contracting
v he paid b the Master CQHalaoes, or by
BAHN UNB STEAMSHIP CO., aNU.
53 BuJUtl Wif.
LONDON STOCKS
ARE DEPRESSED
BY UNCERTAINTY
Many Fleet Street Finan
ciers Disapprove of the
Government Methods
Sales in Philadelphia
PEACE RUMORS GROW
By FRANCIS W. HIRST
IMItoi the London I'conomlst
Special Cable to the llienlna J.eilper
LONDON, Dec 11 The stock mnrkets
nro dull nt present, the city belnfc tie
preK8il by rumors nnd uncertainties. An
nltirnntlte comic opera ijovernment, with
Cnrson, Lloyd-OcoiBo nnd Uottomley n
thp stnip Is the latest fleet street crea
tion. Wh'nl men really want Is more evi
dence of declrlon, perspective, common
sense nnd ihmIiicm control.
Messa"s from Washington coticornlnr?
the Ocrm.in concessions ton mil peace nro
consHcml Important In uell-lnforined
tiuniters as liullcntlnn u possible basis
foi on exchange ot views. Hollar l.ns
re.-ent speech dcelarltiB Orent Hillnlii's
leadlness tn obtain wnitt sue tiecus ...
(llploinutlc means hni been conllrmed bv
tin- Pieiiilci'i reply to Snowtlcii The
German flinncellor's speech Is mole pa-
clllc Mi s'ibstancc than in manner. i
Thn tlnnnclnl position heie looks tem
poratlly bettet After Lord ltobett Cecil's
r l-,. ........ L. i...1liinl.iili nvnll.tllLTI. '
UUIICII I IJIIIli(i:it fc--..nvi.i.'. ..... - n-
shows nenrlv n 5 pet cent. Improvement
In the last fen das, and Ameilcnn rnti s
nro also llrmer. I'cttoRiad howeter, Is
worse Fi pitch loan subscriptions aie ic
ported less than expected. Insurance
comnmiles dislike paitiiiK with Amcrlcuti
bonds, but needs must when the Ticasury
(devil) drives
i:port Is npparcntlv needed ns a basis
for further credits on the American side.
Sat. close. Wii. law. Close.
1 Am Itnllwajs... .11 31 .11 t
10 Am Ilwys prof fl " n
.IRtt Cambria Slcol 75 MM ,4
100 C M & St 1'nul .. M 01 I"
100 Distill Secur.. . -t w 4".,
M Klee StoMKO... Cst, ffl M'l M.
20 Oen Asph pM . !" WH .ir. il
f.0 tns Co N Am . St 2 2". il
.10 t.ehth Nnv ... TS tW T8H .Ml
t2 Uhlih Valley.. m 0H M 8014
ftSS I'd It It. . Mi .'" f'W '''
SSs Pn Silt Mfx . KM 'M "''Tl lll
2t l'n Stl pref "1W tl 81 SI
2 I'hlla Co . ... im 44 4t 41
200 do enmp rcf.. 4J Ai'b 4214 Wi
1.1(11 I'hlli KIM . 2S 2SI, 2S 2si4
10IO Ihlllt II T t c.. 20S 20'4 20 20
lllO l'hlln Tract.... W M '"I t0
W liny Cons ... .2)1 2V,. 2.1'S 2.V4
840 IlcatlliiK "1i Ml, Tll'i, kiw,
lull Tonopah Helm .5 3 4 4'
111 Tonopah Mln... TU "U '' '
M t'tnli Conner ... " 'l'
in fiilon Trnttlon. 41 44 4P4 44'4
Ifl'i fulled Has imp S3 8Si SS4 SSttj
4710 U 9 Sleel ... MH Ml S' 'H
., Westmoreland 0 HTH i" TS HT
2.'0 Win Cramn & S ST Ml M
40 ork fty .. " 0
T.nr.AT. -ROND MARKET CHECKED
BY BLU AJNUJLaU-KUJNUH LOAN
. .
Members of the Syndicate Will Be Forced to Takes
i ...,1.,..U1 TJi.rt-ft-ftiif imi nt fnn Taotin Tl.i1
delphia Electric in Demand
pared villi
Total snlcs, I.1..1H5 shures, torn
lu.iuu siinris mm ..luiiiiiij.
IIOMDH
Last rev.
Pile, lllfth
Till Am tins & II f.s. s is
MiiU llctli HteeHis., IIII'j llH'4
2''C0 Haittno.l m 0s..ll0'4j HO'i
loiO .lnincs P .V V 4s. IU HJ
110 HI Inlerst ll.is In.. S'j M'i
1000 I.ch N 01 sen 4 a. UJ t
UIK) l.ch nl Coal Ss.lOJI 105U
Tonim 1'ciinn lien 4'is.lOON 11M'
ICO l'hll.i r.lce 4s . s.ts M
2IMI llPHd t,cn 4s. . Hi til
mniti i n ltu Ini Is T.Pi Tl
Total Mile", $.",l0ll, iiiniiuirril nltli $91.'
S3 1 lal Alnndii).
1.0. Clo'P.
lttl'4 llll'.
now iwji,
tl'J ti2
SS OS
HI 1)2
105U 105'i
lt()i, !(',
SI 4
US l3
T.l'i Tl'i
COTTON DECIilNKD UXDEK
HEAVY OFFEUIXOS AT START
Soiling Was Genernl Prices Knllietl
Later on Good Buying
NBW YOIIK, Dec. 13 lien vy orferlnKs
wete made at the opening of the cotton
market this moinlni; and ns n lcsult lif
elines of from 31 to 44 points wcie le
corded. One sale of December was made
on the call nt 11 points under H.itiirdnj'B
close. The llrst transaction In Jautiaiy
Mas at 1211c, but that option ran off 1J
points before the end of the call nnd
other months nlso declined rapldl.
Tho selling was Rdieiul, although there
was kooiI bulns In spots. While veiling
continued nftei the call, there was nil.
Inci cased demand nnd some good IiiiIiik
ordcia weio lepoited which btotiKht about
rultlnir of some CO to 23 points. At the
opening heie Liverpool was 13'i to 17
points lower, as compared with 15 to Mia
points, as expected
After the cloe of Liverpool, however,
thmu was loss support In evidence nnd
pi lees turned easier again under con
tinued sc.itteilng liquidation. The second
bieak was not ns violent as the declines
of Saturday or enrlloi In the nioinlng,
but sentiment was evidently much dli
tnibeil, with the trade watching unxlous.y
for any change In the attitude of interior
spot holdeis One of the wlies received
from North Carolina this morning snld
that farmers would not sell for less than
U icnts before next summer.
Local Bid and Asked
TnJa's K.ilurilO's
lll.l Anked. Illl AhKciI
llnrr A Sus t e .. 21 2.j'j ''" -';'t
In nrcf ... i" '. '',
IlnlVll-Vtl . ..... U2 II2'S 112)1 in'.
1'nmlirl.i Mid ""I!" '''i '4'i
nieetrle StoniKO i"j J." sh ''
Cencrnl Aspluilt . -U'i '' 'itHi i
iln prpT .2 .1 . i.i
1-eM-tniip Tel . . nn it;, nit U
do irrtrs . . n, lljl U,i lHi
nn prof (Hi li I'l'ii i
Lake .Superior Corp .. Ji'i .n,1' .') Ji'j
l.ehlKh NinlKition .... Ts Tsl, iHU, .nj,
lhlKli nlli-v JU JiOi -nli sl'.
LehiKh iilley Trim .. lil, Is'i l.J. ls.
do pref .JiJ; IS i'i J'.
Pennxi liiinl i ... . ..IJ. ;'', !, nj'n
I'llllil I'leitrle .. . tlj's '-'s'l 2i, 2f
l'tillu in I" ,),' Ift .Jl'i
iln ., per nut. pr . .in. .''a :i . i.'i
do n pi i lent. pr. . II. 4-';a Aii 4 1
ill t e -.'ii 2i). lii't 211'a
Ite.iillnit -'''a '':',. "" s.
Ton llil '' :, !- 'i'ls
Ton Mln ; ' i ill
fiilon Tiactlon 44ij I. 4i 4.,'j
I lliiii Imp s,"i s-, VS'J ";?
f 1 Mill. s,i, Mi, vn sip,,
ilii picl "I". '. A!1! .14' i
Will Cr.illll t l so s" "' es
Financial Briefs
Although there Is still a good local in
vestment demand for bonds, dealers say
Hint for the time being something ot a
lull has como over the mnrket. Tho drop
In tho Anglo-French loan I- held by
minv responsible for this. It Is esti
mated thnt. Including the bonds with
drawn bv members or tho sintllente nnd
bonds sold to the public, about $120,000,000
liafl been disposed of the total Issue ot
JjOO.OOOXiOO. The sindlcate exililes to
morrow, and It Is thought that nbnut $1S0,
000,000 will have to be distributed rttnong
tho members.
Tho price has been ruling around Jl'i
to OS, whereas the subscription llgliio win
9S The public has not been greatly in
terested in the loan nnd It has been pat
tlculorly difficult to lloat 111 tho West.
As for (let man bonds thev linvo been
even Irss successful Anglo-l'icncli lionds
wcie selling this niornlng nt f" to be de
livered In 30 days The depository banks
under the terms Of the loan were tulnv
remitting n third Instalment, amounting
to li per cent of the proceeds to the Nn
tlonnl City Dank ot New Votk, making
CO hA- nAr.1 ni f a h a.. 11. . . .
-W i-v. ..t..n. r-w .in ouiiicu. This Tl.
should not be confused with th r"1
ments by syndicate banks due tomonv1
Ooocl Judges of tho general Inve-t
situation, however, do not antic dmi "!
serious recession In tho bond mrV.iu'
a whole, but, on the contrary ?.u
ellned to Ixslleva that the same f V"
that contributed to tho lileiS, S
the las' two months nro still 0r,A'l!.(
nnd that, with the opening of ,"
t Ant lllrrtA rf film..! .. lI-ft T)lt
J.J.H, j.--o ui aiimtiiiru ra lwnv i.Z.
will bo found moving Into new hU?"
tltory. The mnln stimulus Is ca-v .!'
nnd tho big prollts of Industrial S"
nlcs. part of which must be lnvutt?1
Today on Chnngo things were ,,.
Philadelphia nicctrlc and Storage r,.'1
wero In modernto demand, but th.r. "
less activity In Cambria Steel thf ,"
late. Hlds for I'lilladclphlo Ei-efru
2S round little stock ottttnz & "
Shipbuilding wns down 3 points an ' !?.'
Ing wns also a trillo depressed t
were disinclined to make commlS?
pending the result of the Au.trSn ,?,
and tho local traction, wcro "lloleJu
PHILADELPHIA MARKETS
Jmiudrv
Dcu'inlier
March .
May ...
JuU
August
Octotte"
Hid.
fiit lIomg Open. 11 n m. 12m. 2 n.m
. 12 IS li 11 12 (IJ 11.114 12.0
. !- I I
. !- '..
12. 1. T
12 TT
.12.'.I5
l.MO
l.'2S l.'.l-'
i .'.a..
t.'.'ir.
l.M I
n u;
r.'.r.i
1 2.(11
12 2 J 12.21)
12 44 12.MI
12. 50 12.(11
LIVEUI-OOL COTTON
MVEIll'OOI.. DfC. Ill ("-' P. in.), -ruturi'a
nulet. HI tn IT points decline, bules. 111 ODD
Imlea. Including 'nii) American.. .InuiiKry
Kebruary. T.:i.id. : Murcli-Aprll. ..32d.: M.i
June. T.abd.i .lul. T.1IM.
LOCAL LOANS LARGER
Philadelphia Banks Also Report Re
duction in Deposits
An Increase of J1.673.O0O In th,e loan item
nn shown by tho Philadelphia banks for
tile week Just ended. Individual deposits
decreased $1,191,000 There was only a
nominal Increase in reserves. Details
follow:
Dec 13, '15. Increase.
(ITU.hl2.IHKI $1,1. 7".. LIU
4111.1111.1 tMJd 1,11I.IIHI
111. .kill. 1)0(1
IIT,Mi2.0()l)
Ti OIK)
.I.IIIilUHIO
1M,1T."i.IH) '!,T2S.C()i)
.il.-l i) nun -l,hju.l)(ili
Loans
Deposits (Iiul.)
Circulation .
Duo from banks .
Dcposlta of bunks
Kx. Ciearlnff House
Itescrio lield ..
Itescrve required
Surplus . . .
necriuse
Surplun under old form December 14 11)14.
kas f.'.'.mlA.ion, December 1.1. lull, f I, l.M. Dili).
December in. l!H2. ti.HAl.niO: Decern! -r II.
lull, $02N,i)00, December 12, lllli), fil.915.TSO.
lii.',.l2(l,(i()U
II.I.M,ll,ll0O
IJ.JST.CXW
l").'.!'!!)
i 'in, (loo
IJT.ow
NEW YORK CURB
American ''inc .
Ilrurlen . . ...
llrliUli-Anierl.nn Tobano old
llrlti-h American 'lobacio new,
far I.lKht
l.olJHeld ConaolliUted ,
Ilendee 3Ianufaituring
Interuatiunal Marino
International Marine iref
Kenc't Copper
I.ehlt'h iilie) CuhI bale
Marconi ... . .....
MUKiiia Copper
Mliliale
Mpl.uiiiK
Otli l-'eiator
OtU Kltiutor pref
Penn Mar Old
niker Jlvneman . . , , ,
Sterllmc Hum
Submarine . . ,
Tobacco Products
I'nlted From new , ....
World Kllni
Yukon Hold . . ...
Hid. Asked,
. L. (IT
. I.V, I.',.
. lit- 111
. in li.
''?! ''
HI l4
. 21) .11
. l.V. I.V,
. Mil. (J.).
. .-."i r.2'J
. N) S2
. in, :i
. 14! l.'i
Ti!! -w
. ?i s
. Tl T.I
. P2 IH
2'S, &
. 4t, 4lJ
. ;n :ii
"i i'
. :tJ 4
2U.
New York Jloney Market Dull
N'KIV YOUK. Dee. 13lieond dullness
and a continued low record In rates the
market for time money on collateral
shows little feature. The reason for this
remarkable condition of affairs has been
a matter of dally reference and the pres
sure of new gold is actually causing
banks and other financial Institutions to
question the polity of figuring the gold
In their reserves. This U a situation that
has probably never before developed In
the histor ot the country. Today, as
usual at the beginning of the week, an
other round lot of gold was iccelved troin
Europe, appioxlmatlng I3,0t0,000 by one
steamer.
ANNUAL MEETINGS
TUB CENTRAL NATIONAL 1J-.NI
(IK fltll.AIIV-l 1III A
.... .. December IS. 1915.
The Annual Election for Directors ot thl
Hank will lis held at tho nankins Houie on
Tuetday, January 11, 1816. between tl a m.
and X p. no. WILLIAM POST,
Cashier.
t'lKECTOWV or AJCCOI'NTAXTa
OrtllW Public Arrvuntaol "
LA-iUtENcU E. UHOWK . Ctt
ina f.eal KdrATE thist Bt-irbtsa.
nura 4 SPEAKiLU)
'(WftV
Tho board of dliectors of the Kedetnl
Itosctve Hank, or Philadelphia, has lo
elected Levi I,. Hue to lepiesenl Dlstilct
So. .1 as u nieinber or the Kcdernl Ad
vlsoij Council, which bod acts in an
niliNory capacity to the Keilctal Ilcservo
Itouul nt Washington.
The N'eiv Yolk batiks culned from Kub
treasuiy Satuid.iy $577,000 and since last
Friday $247,000.
The board ot directors of the Philadel
phia Truit Company, nt Its inevtlni to
day, created two new position' in this of
llcl.il staff, uumel : that or usslstant
liutt olllcer and assistant secretuty, and
elected l.ouls liuiche to become assistant
trust oiilcer and John C. Wallace to be
come assistant secietar.
Do Haven & Townsend Meie blddliiK
for Phllndelilil.i Illecttic.
The leport of the Cubun-Alnerlcan
SiiKar Compan for tho eai ended Sep
tember 30 shows n surplus e(Unl to B2.UJ
pet cent, earned on the common stock.
Net ptollta weie $.",Ml,0:j. against $2,70',721
In 1911 nnd $3.'iC.SSS In 1513. .
Tho Interstate Commeice Commission !
today granted Increases In freight into
ot from 2 to I cents on packing house
products lu the territory eust of the Mis
sissippi nnd north of the Ohio Itlver.
NEW YORK BUTTER AND EGGS
NI"V VOHK. Dec. I I. - llt'TTKll M irket
niKlier on ne.l Kiiiue1.. reieiuio, -,,i iivnus.-n,
etrn, .Ii,"i.H!i ,' lilwlier Bcorltih. .1.51 i,';..
GRAIN AND FLOUR
IIHI'AT.- Itccclpts i.T.SII bush Demand
nns fnlili nctlio and with plrnnner nut-lde nil
i Icci prlcei wpip niinln lr hlRlirr uuotntlon
Car lot. In export cleintor No. 2 red, -pot
and December, $i.lli1il.2t . No. 2 Pnuthrrn led,
,l lTfil III, simmer No. 2 rid. jl.iil'M l1. No.
.1 rid. SI. llllll is rejected A, ,l.11V1.lr.i.,,
rejected II. $1 12iM II
COUN Itccclpts. KIM bii'hclft. Kuppllc
nere stiiill nnd tlio inulscl mini llrm tliDiion
quiet. Uuntntlniis: Car lots for local trnilr.
nn l location lid Western No. 2.iHln,
sunitc. old Western steamer inlloii, iD'C.'))..
old Welrtn No 'I clkm, TS'ilTiic. new col),
per To lbs . (ITHIIIT.
OATS.-Itecclpts, Hi I'll liiKhrls Demand
ns Pilr nnd pliers Here well nialiitiilnrd.
Wiiolntlons Nn. 2 white. 4'Hi l!H4c. rtiinilanj
while. IT'.jlsr . No. while, ll,Wi4.c. , No. 4
wlille 41'MMriHc sample nits. 42'il4c: purl
tled nlti, Ktniled. ITll IV
ri.OPll. Itcrclpts IVio Mils nnd l.tC.ll.SO
II. In racks 'I here wns little tiiullug nml
tho markit wns iiumliial. (Juntntlons per mil
lb. In wonil Winter ile.ir. .". 1..H" 10. dc.
FtrnlRlit, ". itl'fl.T'i, do . luiictit. f ..'.ii-Jll.lU.
KnnsttH. clear, Jute sinks ?.f'..l.. do..
Htrnli.lit. Inln nlikM 5", l(l'l.i 00. (111.. Mltrnt.
Jute Minki, si.(i,'i" Ml; ipiliiK Mi Ht Llrai.
.p 2. "..ill, .In., strnlRht, ?.. .Mifi.'.T.i, do.,
pntciit, .." T."if. II 111, il".. riivorito tiriimls. $11,211
rml4l), old nillls. ihnlre nml fniii) ntteiil,
Siiriiiii. 'li. illy mills, rrRiilni grades W Inter,
clear. ." I5li." Ifl. do., stralnlil, J."..i)lo ..., 0o
pitent, -.".Mifin 10.
11VD PLOflt was (pilrt. lmt Btcndy. Wo
quoin nt ".". 2.",'i." .Ml per 1)1)1, as to (illalltj.
PROVISIONS
Tlieip a. little I null nil and nn Important
chump III lulu., ijuolntlons I'ltv beet. In
sit., siuokid nnd nlr-ilrled. 2Hi2i.. Western
beer. Ill Ml-, ymnked. 21(1 .'.(... city l)f I,
kuuiklis mid tiiuliiH smoked and iitr-drlid.
2H1i.'Te,. Western lieef. .klliukles nml tenderM,
smoked, 2i-UTr beer li.inii. S'.'Mi .0. pork.
Innilli. $.'I..U"2I li.uns. .-. I' Hired Iimhc,
rilll..ii . do. skliilii'l, lm.c. I2ilj'e. . mi,
do , rmok.il, I'l'i lliiii . ollici hams, smi.ke.1.
elt cured, us to brutal lllnl llliTug. . IC' "Mil .
Iiimr, unoki.l, Wistiiu Hired. n.'.l.c. Uj..
boiled tonniiss, 2Jc . pit till' hIiouI.1i i. H 1'.
.iireil. loose 1-'... ilo., ainoke.l, l.lc. , bellies.
In pl-Ule. accorilliig to aieiiige, loo-e. He
l.'ic. . Iirinkiusi liiimi iia to brand and nicr
nsc. cltv cured ITIjle , Inoikrast bacon.
Western cuind, ITlflsc. lard, Western, leltnen.
in tloi.es, luii . do., iln. In tubs. ID'-icr l.irJ
puui clti, kittle ii'iidind, In tlenm, Wiio.,
lint, phi cln, kettle reiulereil In tubs. 10-i.c.
REFINED SUGARS
Tlie m.irkit ruled stead. but trndo was
(lulu !teili!crn' list prlei's Kxtrii line gr.ui;
til.ited. li liiitil 4"h ., MianUiiril grauul tted. ill..
'Hl.21 u.. powdereil. l! -.d'Hi 2 .' . iiintectloiien!
A. iiiil.05e. toft gradis. .' 2.".1i 5 tine.
DAIRY PRODUCTS
lll"TITrt Wiiiej btiiler was siarce and lc.
higher, but there wns no cliuuse 111 the Inner
gunk's, w lil.li weie nulc t. I'uiiiutiuna West
ern. Milbl-pni'keil iniiinirs. inncy Bliotials,
.le.. extra, In. cxtrn firsts, Il'si.tlc: llrsts.
.'tiitilli'.: secimiis, 2iluric . nearby prints,
ramy, .inc.. do., uitnigo txtms, .tirti.tec. , uo
(lists. ..(ill.tli . do., sciolnis, I'UdiLlic . Jobbing
silos or tniii prints 425i 1. 1'.
i'llfJS rholie tresh eggi were In rr
small supilv and .!u I u uiso lilgnir. Wo
ilUOIi'. I ri i uses, in ... . t'.uin. "' . i;
per bbl. Jnnathnn. fancy, ft tKK?4
to good t-il Wft.1. .Mcintosh, jTja'."Vis
hnllM 41 I ".li rl n... n.l,.TU'Il "3"fllt
ynik linperlil. SJ'il 2, Tn enti-nTiJv
I. I'lpidii. . Hen Daili jrWrfia'v?'
uirletles. $1 .u-i2,-,o. No .' Sljii2-:'5i!'e
in bulk, per IK) lbs ".tie VJ1..V1 &&
Western 1 c box i ;V : ;i W. ' WM
-Seeltel. Sl'rfln. .qi,i.il,' ...'. IT
il'Anloil 2.-.lMl,ll . ,:. N.V..') l ..?OI
1 mo. ,. ... -. w
4-lh lnpkrt- hnl lu.nrn 1iiti
-. 1-111 iini, 1 uiii i;t lrnt)r-
Nlinra: 7J
per -n-.li;' baVke - o.iror,! 40 VN,?..t
.Vl,:. "niiigis rio-l.la per "file lf-.
tin- t.nv lr. i -ii Iti ..i"""' URMRt
..Vlo" I co. -Yin C C,anterrnScaS.fr.
Hi. no . Cape Cod, per crate, itftlv
I, la
ilo.. .lersel
per crate xi Ko2
VEGETABLES
Demand n falrli n tlie and ntc ,
enillv wet.; well nialntiiliied cjuouiS
White potatncH per bush fholce. Hffl
fair to good. s;.i.l.nie do Jersey, pnfirt'i
So l IJosc, IWIftnc No t other xarIetiS.5
' l.ie . Nn 2, 20f(2 ,c Hweet potatnes ili?
per basket. No t' 4Uff ,(). No' iSS-i"?'
,-snla. per bbl . ?l ."MP-rr l T 6nloni'
IllO-lh. bag. No 1, Jl T5-l Ml No ran1
Cabbage Dnnl-h. per ton, falo.?,&
lie. Per ton, Mud Celers New lirk
'"'Jf'V, 1"'. Letture I'lorl.la. pn 'i,!
f,-i;l,iL'.,lo"..;Nor,h ''"""in per Sikrltt
I .,() leans. Iloilda. per bmket 2ff3 Si rSJ
1 or. a. per basket. $1 r.Uli'l ",0 " EjnllS
I Inrldn, pir crate, $2 2Vd.'.7.. MuiirSS
per I-li. basket, t-fl M) -lu-nrMia.
'pil Htalnlard cafce, pearbl
O... -.1, ...... . ...n 11 IiLlnrlt
linltntlon i reamer-. 21
IHias Market Arm: receipts , .0"i packages.
:lm llrhtH .isill.ic.. nrfi.s. ...u..ie-. , lie... u
whites. fiOli.He . mUod color .l.."i iJc . r-
Stnto dairy. .!.''(tlc
lii'-'ic.
frlgerntor tlrsts. 2.t'i2lc..
luinic.
nearbi browns.
I'ciuia. Co. Dividend Incrcnsed
The Pennsylvania Compnn for Insur
ances on I.Ives and Ot.tntlni Annuities
Increased the iiuarterly dividend from !
to 7 per cent, today, and also transfened
fJOO.OOO from undivided prollts to tho sur
plus fund, ii-akin-; It JI.SOO.OOO.
New National Bank
AVASIIINGTON, Dec. 13 Tho Comp
troller of the Currency hei received an
application to organize the rirat Xntlonnl
Hank of Farmlnsdale, X. J.; capital,
$25 000.
RAILROAD EARNINGS
missouhi l'Acinc
inn
October gross -'.fJ:,Vi!;5
Set ,. . . . bl2,!47
Four months' gloss . to,l2s .Vij
Met 2.001,12(1
Decrease.
Increase,
flfi.-si
II..Mn
..'I..'IT I
Too.OTs
Gold From Abroad
NnV YOUK. Dec. 1J. Tho steamer
Cymric has arilved with gold consigned
as follows: Klshty boxes to J. P. Ioi
gan & Co.. 11 boxes to J. I. Kargo, six
boxes to tho Mechanics and Metals Na
tional Hank, two boxes to W. Kinney anil
eight boxes tp otder.
DIVIDENDS DECLARED
Illinois Pipe Line. $15, pa-able January 13
to fclin-k of rord Ut ember IH
Julius Kauer Comiiany, regular quarterly
1 Vv per cent, on lumiuun. l per tent, on
llrst preferred and l. per Lent, on second
preferred, common U lajable January I to
stock of record December 20, preferred is
pat able Februarj 1 to slock of record Jan
uary 20.
l'enns'lianta Company for Insurant en on
Idles and Urantlng Annuities, uuarterly T
per cent . pa-able January .1, 1010. lu stock
of record December 2.1, 1015.
METAL MARKET
NEW' YOItK Dec 13. Lead offered 3 25c. ;
tin. :iT.3Sr:. . Tit.; leud unchange.1, tin oulet,
Hnelter, spot, l,.1 to lic. ; late December,
l.i Uc i Brt quarter or 1U10. 15 to He; sec
ond quarter ot 1U1U. I3, lo I2c,
Turn of the Tide
A year ago tho New York
Stock Exchange reopened. It
had been closed for more than
lour months. This marked the
turn of the financial tide, and
good securities have been in
strong demand ever since.
Send for our list of good
bonds at attractive prices.
Ebwaro B. Smith 8s. Co
BANKERS
Estiblisuid 1892
Afemt-rj 2iew York anil Philadelphia
block Aau0
BaoD iQ CIIIST-.-:-" iti . Puiuda
S0PissBii.ee-- NcwYosk
.I..4 lu,u CI 1 11
uirait re'nlpm Slu.50 per, '-c. Western
cxtru nrsis. ll II) pi i iuku llrstH. .lo...i) p.r
iiise, leiriKeiHt.ir ei;R8 t.iniy. m.iu'iii.vi in
c.iie, .In ilrsis. T..'u pir mre do. seinmls.
i.. Iiifnl in p(i inpe ilu. luiirioi lui.'. Inwei
liuiii Hcle.ltd cunille.l eKKS ire JobblnK at
42Si 4lc
Clllltll (JiTerliim ere IlKlit and the mnr
kit tilled linn, ilth trade mlr. Qu iiiiiioni
rullou. Ne York. ' full-, nam. fjnu. hi M
IT'jIllT'.i.. '"lic.'i.il-" IdKller: di ui... lulr
tn Kuud, lield. It.'j'ilTi' , no. put skims. u
POULTRY
LiVi; Offerlmts Mere inoder.tte nnd the mar
ket ruled steu.l), but Hade tti.s iiulet. CMn
tutlons. 1'iivilK ..s to sle mil quality , l-ii
14c , cxieptlonal lots hiKlicr, loosters. Itwi
11.'., tqirlm- iliUKina, Hi.ur.itnK to iiuullti. 12
'(He. exceptional I dn hlKlier. turke-s. ls.i
.He duwki. tin to six. mid quallts IIIiUk
ciefc. lliilin.. nulneas. nunir. uiUhlnK J
Ins and our upleie. per pair, .'!! , nentli
lilB l'j lb?, .iplni'. icr p.dr. S1-lli.'. wciBii-liu-
I ih. aplen per pair, ui).., KUlnens. old.
per pair. .'iiuT.V., pIkioiih, old. p.r pair. J-u
!V . do . jouni:. per pair. lMi-'nc.
DHUaMIU the market as quiet hutstead
under ipnueinto uturiinis. ijuot.illoin. l'ieli
klll.'u lurkos. famj, ni.irbi. 'Jlu'.'l... do., du ,
Wcslen.. . o-nil'iil, .'-'.lUie.. uo . lulr to
koo.I, .'ti'i'Jli' . do. old loins, Pie . do .
Interior. I.VilS; , fouls. IS lo box. drv
plcked nail drj-paiked, I alley selc.ted. IM..
uflldilm- I'.'i.'i Ibi. apiece. ITiji... uiluhlnK 4
Iba. apiece. HP..c . iielKhlni; I'i lbs. upleie. 1..W
!.V.e. , iielsblm- II lbs oplece nml under. I'lh
lie, line heni- fouls, lu lunels, f.miy. iiilKh
me 4".l."i lbs. upleio Hi.. uulEhtnE I lbs..
Iln.,: smillir siies. I'Ji.iillc: old roosters, dr.
Plikeu. l.lije., ihuktiis Jciso. lauiy Ino.ler-..
.'I'll'i.e . ntliir nearby f.iuej laollers. l.'i-'lc..
Western biolicrs, utiBiilnB 1 j i. - lbs. apiece,
.(.lii 'J.'. . . northirn Illinois chkkcns. luncy, jel
low, iivlsliuiB 4 iba nnd uier, is'ulln . north
ern Ulh.utB, tuiie, Mcleliluii S'j'u.Pj lbs.. In
Lo.s. lUalTc: portliern iillnols. imuy. nelsh
Ins '.'',1(11.1 lba lu barrels, l.fill,c.. otl.cr
es.ein, 1 lbs und oicr. In loves' ITfilSc,
oihor Western, iielBldng -ij'i.lij lbs, lu Loxcs
l..i71(:e.. other Wiktcni, nelKhlnsT -'ill .'.-j ibs .
in bbls.. lli.l'c., Inf.ilor, Ik , uprius du.ks,
beaib, Ihii.oe. do.. Western, fdtie, IT'-lic.
Mlr to Bootl, Xi'iilZe., i;ece, u.urb, lilff.lc.,
da, Western, llltli:., squabs, i er duz,
While, utlBliine II 'o 1'.' lbs per i!oz,, -4 U)
Si5.M: white, iiclBldre U to 10 lbs, per do..
MS. I...0' uhlte, uelKblus 8 lb per dos., $ .""S
-7.1.50, wlille. iielKlilm; T lbs. per do., f'i 50
ill: white, -.chilling HCMdj lbs. per doz , t-'ia
'i.'i".; du.k, l.T5tj'-.-5; small and No. i, SIS?
1. 10.
FRESH FRUITS
Choice stock met ntth fair sale and lulues
Bcneuilly ruled tlcub. emulations Apples.
Aiiit-rican Mult Cuts Capital
.?i:iti--Y CITY. N J, Dec. U-AtOn
Hpcelal iiiietliij- of the stockholder- tf
thn Anieilcnii Jlnltltu' Oompany, heldhtn
thltt itfteinoon, It una voted to reduce to
oiipltnl mock fiom $10,000,000 to 13,0ft),(-i
The prcferied una cut fiom $13,000,000 1
J'l.lOO.OJO, while the common was lovrtr-J
f i out $l.,00O,riCO to $0 poo.000 There ttti
171,411 shines represented of which il
but f00 oted In fuvot of the proposition,
Paper Currency Outstanding
The total amount of pnper currency c!
ouch ileiicimliuttlon outstanding Norn--
ner .hi, r.iu, iictoiciiii-r to the monthli
Mtntement fiom the I'nlted States Trcas
mv. w its :fWW,n74.(iiW . onslstlni; of t'nhrj
fttates notes, siiu.UM.oiii, Treasury noto
of K'M, $j.is.(0ii, Kedei.tl Reserve noto,
$1SS,C05,000: Nutloiml linnk notes, TC..
TC'l; (jold ceitlllentes. 1,CS1,;C0,79 and "3-
er cettlllcates, $1')S s)7,000
Renewed Demand for Lead -1
i.;' YOUK, Dee 11 -A renewal of di
tnnntl is lepnited in lend circles andllrn
tonii'icte.s mc- being suimlit for .d-linrr
the e'uly pan of next cear XcT ctwig
hia ho. n m idc lu the i rlre hj the Atr
lenn SineltliiL,- and RefinlnR Company tai
otln i de.i'eis ho u. still quotln; V
.1 imuliil New link
f it
I
Seaboard Airline Rwy. Co
1st & Cons. V'l Bonds
Seric3 A
I'rlce on Ipiillcnllon
Tax Free in Pennsylvania
We own and offer:
Reading Gen, 4s
Penna. R. R. Gen. 4y2
Penna. R. R. Cons. 4l2i
Lake Shore & (Vl. S. 4s, 1928
N. Y. C. & H. R. 4s, 1934 e
Aller-heny Valley 4s
Lehigh Valley Gen. Cons. 4Si
!
Particulars on application i
A. B. LEACH & CO. I
115 South Fourth Street J
28
1 luii
SS.S!.!iJt. .V -
Workmens Compensation
Insurance Rates Are Out
WE can now quote you the present rates for this insurance,
and inform you how we can probably reduce the tost to you.
If you will telephone or write, we shall be pleased to advise
you fully on all particulars,
LONDON GUARANTEE & ACCIDENT CO., LTR
STOKES PACKARD IIAUGIITON & SMITH
Resident Managers
--l-3--J-l-i.iri 1VI1II1IIE M. I'llll-lflPIIlIlIIL ....
I.onilmrd -II0U KejKtoue Mala 5
mimsmssOTxN
f-
aaMram. ..
i ettn-ftn ft .ngiria
Balto & Ohio New 5 Bonds.
Ttiie niu rfi,nri;r,n an n.n..,l ,.-, rr KcL CnA BOtld
is secured by a mortgage on practically the entire system, sub
ject to existing prior liens. The mileage operated amounts to
something over 4500 miles. The present issue amounting, to
$60,000,000 is followed by $212,000,000 of dividend.payWS
stocks. For the year ending June 30, 1915, total fixed charges
amounted to $19,119,297. after the payment of which a surplus
was shown of $10,723,248. Orders executed for delivery, "when,
if. and as issued."
REFD A. MORGAN & W.$J&g&l
i wnrTiirrraTmwTriirrffl-ai-ai . l-;-,-n :-lTiMtaM--MPaBi
-..-,. r-rirrtr-TTnTurmiiKi -rr-n-ra Wir"