r &? pr-
18
EVENING LEDGER PHILADELPHIA, TUESDAY, DECEMBER It, 19IS;
t
V
4t
fff
R
FINANCIAL NEWS
TONE OF STOCK MARKET BETTER;
AVAILABLE SUPPLY EXHAUSTED
Investors Bought New York Central Dividend Not
Expected to Be Increased at Meeting Tomorrow.
Steel to Resume Payments in January
NEW YORK, Dec. 14.
The lone of the stock market today wns decidedly better. While thero
were some recession!) In prices in tho early dealings, a demand soon npnenrcd,
nnd everything on the list turned upward, with tho greatest activity in the
railroad shares. The trading disclosed that the supply of stock nt tho present
level had about been exhausted. Tho market was still professional, tho public
not figuring in tho dealings to any great extent.
There were two outstanding features in the railroad group Norfolk nnd
Western and Now York Central. The former established a new high record,
while tho latter reached tho highest It haB sold since 1913, In connection with
the strength in Norfolk and Western, which nt the top point of the day was
up two points, It was said that Trance would Import 2C.000.000 tons of
bituminous coal next year, nnd for this reason the road would benefit greatly
by this increased freight traffic, ns the Consolidation Coal Company, ono of
the largest coal companies in tho country, would probubly get a largo piece
of tho contract.
The buying of New York Central nppearcd to bo largelj for investment
and was not In the expectation of nn Increased dividends at the directors' meet
ing tomorrow. I'crsons In close touch with the management of the New
York Central say that tho dividend will not be Increased; at least, not at
this time.
Buying of United States Steel common was good throughout the day and
the price was, as a rule, a fraction or so above the final of yesterday. The
belief Is growing in tho Street that the Steel Corporation will resume dividends
on the stock at tho next meeting of the directors, which takes plnco In Janu
ary. Well-Informed people, thoso that really should know because of their
close nfTlllatlons with the management of the corporation, say that the stock
Will bo placed on a 6 per cent, dividend basis at tho January meeting.
Banking Interests ngnln bought Heading. The copper shares were actively
dealt In, especially Anaconda. Among tho specialties there wore some rather
wldo advances, notably Taxes Company, which rose 13 points, while Htudo
baker was up nearly 6',4 points. At one time Canndlan 1'nelflc showed a
gain of two points. Thero was again pressure against Uock Island, and In the
afternoon that stock was weak, losing a point and a half. This did not have
nny adverse effect on the rest of the list, however. Bethlehem Steel, on which
there has been very little doing In recent days, fell back 19 points.
Few brokers could obtain telegraph service, tho storm of yesterday having
put many wires of tho telegraph companies out of service. Wire houses were
without orders because of this and business was thcrcfnro restricted. Thero
was rather brisk buying from locnl sources, this being especially true in the
afternoon session. The market closed strong.
Our trade balance Is still growing, nnd tho outlook is that It will keep
right on growing for some tlmo to come. Latest figures, which were for
the week ending December 11, Issued today, show that tho trade balance of
the United States for the week was $60,350,401. Tho exports were $DS,40S,13I,
while tho Imports aggregated $38,057,733, The exports of cotton during tho
same week totaled DS.GS1 bales, making a total slneo August 1 of l,095,i""i bales.
Money market conditions remain about the same. Thero Is a very largo
supply of money to be had and the rates are low.'
German ExcIinnRe Hits New Low Point
German marks struck a new low record nt the opening of the foreign
exchange market this morning, when they touched 77 5-1(1. Later thoy were
reported as low as 77U for checkB, but this could not bo verified. A slight
recovery followed, with cables at 77T4. Demand sterling Improved to 4.71
nnd cables went to 4.72',;. French exchange ruled nt C.S3 for cables nnd
E.8G for checks.
Kates on Coal Richest Since Civil War
As high ns $3 a ton has been paid for freight on coal on steamer from
Newport News' to Portland, Me., the highest rate since tho Civil War. Tho
highest rate paid In tho big strike of 1002 and 1003 was $2.50 a ton.
New York Stock Sales
taat close. High. Low, Close.
Alaska Juneau , 10 10 10 10
Alaska Gold M,. ...... 22M 24! 22? t 2iii
AllLi-Chalmers Mfg.... 3l!4 3l( aVi 31Jf
AllU-Chalmen Mfe, pt. 825J 82J4 82H 82!i
Am At Chemical 71 71 71 71
Am licet Sugar mH 7V( Bill 7V.i
Am Brake S & P in.-,w mnu tnm innu
i com go; rsu mn
Am (.an pi 112 112;i 112
Am Car ft Fily. ....,., 731 ro.'t 70
Am Coal Products... ,140'ii 151 151
Am uo! ton un , fis'f
Am Cotton Oil pf nnjj
Am Unto & Leather.. im
1. ..... . - ...
! Am lijiio a 1, pi co
Am Liii'tTn ji3
Am Unseed pf... yo
' Am locomotive 08! i
Am Km Hcf 07
I Am Smelters pf A gg'f
I Am Steel Foundries... GO1,
57 fi7
OS ng
10'.$ 10Vj
60 rmi
21 22
42 38)i
GO'I 00
OS' II7M
S'J 89
OPl O0W
1I2'(
T3M
lfil
57
03
10W
CO)
21
12
O0U
ns'
so
fin
Am Fusar fanning.... Hoii 110!f 110 110'f
Am Pusar Hof pf us 118'f 118K 118(1
Am Tel &Tcl 128( 128H 1285S 128'i
Am Tobacco 204 2O03J 20-Hi 20.5
Anaconda Copper 8!f SOSi 80 S0H
Associated Oil rWl 0W 0W 015
AtchTASK 105't 107 100 107
Atch T A S P pf loHi 10W 1013i 101H
Atlantic Coast Line... HAW lit 11.1 11.1
llaMMnLoco lUH HOW 112M 1105S
liaiumoro & Ohio ) 023, 02)1
iiaitimorn it Ohio pr. . 77
ltank of Commerce . ...177
Itatopilas Mining ."H
Hethlchem Steel 409
Hcthtchem Steel pf.,..150
llrooklyn Uap Tran... SSU
11
20
llruiisBlck Term.
Hums Brothers ...
Itutte & Superior.
Cat. Petroleum....
Cat. Petroleum pf 55' (
Canadian rarlilc
Cent. Leather Co.
H
177
3.'f
174
150
as'f
12
BOM
71H
28
57
. 178'i 180)4 180
53'4 fit'. CW
H
177
an
450
150
80! i
12
XT,H
71
20?
50
Cent. Leather Co pf...l0'J'! 109
Chesapeake & Ohio. ... (JUS ;i
Chllo Copper 23! i
Chlno Copper 53
Chicago Orcat West.
Cht. tit. West. pf.
Chi. Mil. & St. Paul..
M!f
no
0.1
C. M. & St. 1 pf 131
CM. It. I. & Pae.
Colorado Fuel t I...
Col. & Southern
Continental Can
Consolidated Has. .. .
Corn Products Itef . . .
Crucible Steel
Cuban-Am. Sugar....
Del.. Lick. & West. .
Distillers' Securities. .
Dome Mines
Dili., S. S. & Atl....
Krlo
llrlo 1st pf
Krlo 2d pf
General Klectrlc
General Motors
General Motors pf. ..
Greene-Cananei
Goodrich 1). K. Co.
1
. 19U
. mu
. S3)i
.143
. ist;
. 711$
.158
.225
. 40
. 28
.. 7
. 423 J
. 503 1
. 50
.17
Hit)
OlJi'
23H
52
14 M
38H
02! J
131
15,'i
50)
iJ5
85
143)5 142M 143
19 18 19
72)4 71i 72'f
158 158 15S
225 225 225
UK. ,40!f 40'J
2S!i
0
A'iM
50' ,
mii
24
53) i
38' i
1)3
131
1(!'
52
35
85
92H
77!f
177
3,'f
474
1.50
80
12
85
71!f
28
57
180
r,H
109
02)4
24JX
53
14f
nm
03
131
10
52
35
85
28f
0
43
50' i
50' s
174ii
2SV
0
13
50' i
Ti
Goodrich It. P. Co. pf. .111
5104 550
. I2S 128
. I5!i
73
174W 1745i
519'i 550
4(i
7IJJ
113
125
r,n
73
113
127
10
Tl5
113
Great Northern pf 12.V4 125i 125U 125'a
WHEAT STRONG;
BUSINESS LIGHT
Prices Eeceded From Best.
Stocks Decreased 167,000
Bushels for Week
CHICAGO, Deo. H. Strength de
veloped In tho wheat market today after
an easier start. Tho volume of business
Was not largo and offerings were scarce.
Buying was encouraged by tho unsatis
factory crop cports from Russia and
tho Increased number of complaints re
garding the quality of winter wheat in
the United States.
Tho weather map indicated unsettled
weather In the Northwest Stocks here
decreased 167.000 bushels for the week
to 2.0e3,000 bushels, a year ago 2,328,000
bushels. The market at the close re
ceded from the best on profit taking,
especially by one large house.
Corn was easier on cold weather In the
TVest and the prospect of 1 .-ger receipts.
The start found corn firmer. Business
was not brisk.
The market at Liverpool was dull.
Stocks there are Increasing moderately.
Itecelpts at Chicago today were 3S5 cars.
Receipts of oats were 3S3 cars.
Leadlnx futures ranted as follows:
TiiM'b
Wneat Open. High. Law.
xjecemoer
JJljr
July
(irn mew aeuveryj
mber .. 1.134 l.rtu 1.1.1H
LIT 1.10)1 1.18
l.OOVi l.llQ 1.00
Cloto.
1.1BV1
close.
l.lSKi
1.1T1 1.17(1
l.WM l.OUti
December
Hay
Oata
December
Slay
Lard
December JSnuary .
.May
lltba
December
January .
May
Fork
December
January ,
07 (i
)i
)i
eo',4
70.
42
0.73
0.02
. 0.70
.10.07
May
'in
..1CB0
..18.40
Id. tAsked.
o.
10.07
0.83
10.M
18.61
IB. 63
0.7O
0.03
0.77
10.07
'IP
42
t5
0.60
t0.75
10.00
0.80
0.80
10.72
7iH
41H
45
0.4O
fO.37
t0.87
0.62
TO. 62
0.05
.... lft.IS 118.23
18.30 18.23 18.13
18.40 18.30 18.17
COTTON STARTED EASIER;
TRADERS LIBERAL SELLERS
Borne Improvement Followed Early
Down Turn
NEW YORK, Dec. H. Ignoring a bull
ish November consumption statement by
the Census Bureau, cotton opened easy
at a decline of 6 to 18 points this morning.
The setback was due to a sharp decline
at Liverpool just before our market
oriened.
On the call local traders were liberal
sellers of every month. The buying was
scattered. The heavy list continued after
the call, with Wall street a moderate
seller, Later there was some improvement.
Tea. cloae. Open. 11 a.m. 13 m. 2 pi
.... liV
New York Bond Sales
jiono
WHIO
1KKHI
3(1000
IKK III
3000
10011
UNH
2IMMXI
MJOII
i'TOill
KKHI
2INiO
lOIMMJ
2000
1000
.11 KM)
irM
iwwo
Kuxi
4KH
loon
IONIO
2000
10()
nmio
2110
1000
:iooo
3010
21000
:iooo
loco
1MXI
lOOi HI
lKo.ui
StlSliOl)
IOOI)
:iooo
200011
fXX)
(0O
noci
1000
1000
20ii
07000
-mi
220 K)
20IN
21" ')
12000
10111)
20011
uow
700i I
3000
lt
MOO
21000
loom)
7O0
27000
2000
3UOOII
401 HI
r.000
0000
.1K)
2n)
iirA)
SacKio
laKm
SOUl
10UO
, , HlBll.
.iiirKii vfiuey in 1111-.
Anizln.Kr I. tit :rm . liltZ
Amer Smelt Sfc ih,.ti:iS
Amer 1VI cvt 4'.an. . . .lurj.
Armour Co 4'ta irj
Atchison jren 4 IM1
Allan L'n I.lne 1st 4. li2H
Allan Co I.ln tit 4s. no.
Halt a Oh cv 414!..... 1111
Itrkn ltai Tr .1 lms.lnut,
CVnt Leather 1st ."i..loo't.
Chic Cmm I.t & C 0.l"2Vj
Chill Copper 7a Klo
Chen & Ohio cv 4H. S7li
Chea A nhlo -HiB ('!
Chcs & OI1I0 f.s lios
Chl & Alton Sa nil,
Chi II & Q joint 4s.. lis
Chl II & O een 4s... W,
Cht Jill & Kt r cen 4s lav,
Chl .Mil & St 1 cv .'w.ioiv,
Chl Mll&St P cv IHa.lol",
Chl KI1-.M& O deb rfa.KrJil
Col & South 4Vjs 87
Cons Gas cv us 1204
Cubnn Am a J? liilii
Del Ai Hud conv 3s f p.nm
Del & Hud 4s, 1O10..1OO
Den & Itlo fir rfd 3s. Mi
Ills hocur Corp a... 714
Krle ennv 4a, Ser U.. 7.114
(len Elee Sa 10IJ
llu.l & Man In 3a :iih.
Interb Met 414s 70
Interb It T ref 3s I)!i4
Inter Sler Mar 44s... tin
do ct 4 (is. 11,-1)4
Intern Sim Pump ct 5s 74
K C Kt S 4c M 03.. toil
Kan City So 3s lit
I.iicka iiteel 3a 11)30. . tl'Ki
lxrlllard 3s 1111
Mo Kan & T ist 4s.. 7H
Mo Pac cv ct 3a 4.1U
Mo pac 6s loota
Mont Power 3s 113
N y C Ua 111
N Y C & Hud 4s.... K!
N Y C & Hud 44s... Itir,
(It. N.rfn. fororo prop. '
(iiiRRenhelra Ktpl'n 5'f
Int. Autlciilttiral pf. ... (It
Inspiration Copper -Wi
Int. M. M. pf.. cf. do. V.r,H
Int. Nickel
int. Nickel pf
Inter. Con. Corp'n..
Int. llarv. Corp....
Int. Harv.. N. J....
Kan. City Southern.
Laclede (Jus
Lack. Steel
Lehigh Valley
Uceett & Myers pf.
Louts. & Nash
Manhattan Heacli. ..
May Ilept. Stores.
ISlil
17
70',
.V.)
IDs
07
IS'
70' i
m
ii?j
1
ir;
71
...lOS'f WTi l)7'i 1074
10S ID.SI3 ins1-- 10SW
L'2 21i 21
111
:n
iojvj
SIM
m'f
.110
. mv,
.102
. Sl4
. sou
.110 120
.127 a 127?
. 5
Oil
I
MM
May Dcpt. Stores pf.. 100)4 100
8.1 s;i
110U 111
30M Jil
102)5 102H
S2 Sil'i
81 NlJ-j
120 120
127? 1273
1 A
o:uj fit!
N Y City 4s 1030 !HT
. 74'.
. Ml,
. Mil
U2U
U2T(
113
84 K
liJ
7U
.... 3
N' Y City 4Hs lli3.
1 x itwy rei -is
N V Itwy ad J 3s...
Norf As West 4s
Nor Pac prior 4a
Ore Short l, ref 4s. . .
Pacific Tel 5s
Iteadtne Ken 4s
Itock Island 4s
Uock Island rfd 4s...
Seaboard A I. adj 5s.,
South Pac cv 4s
uo cv ret r p 3a l"-.i
South Itwy (ten 4a..., 7014
South nwy ron 5s.... 10.1
Term Assn St L, ref 4a Sit
Tol Pi & W 4a 37!4
T! H Oovern Ss 102
II H ItUbbrr Ua l(VIi
tl H Steel 3a lMJi
Union Pac lat 4a. ... OT'i
Union Pao cv 4a.... Wt,
Union Pao rfd 4a... . 004
Va Car C'hm lat 6a... 102?;
W E & M cv 3s 105
KATES FOR MONEY
New York ..
Philadelphia
Iloston
Chicago ...
Call.
ii.
H24
lit
II24
Illl
11:1
liil'v
lllt,
lot II,
IWi
S7
Hl'i
m
li.lt,
!!7t,
!t
11.1'd
lUlti
10t,
102'i
N7
12014
101
10li
HO
3S
71'4
7.U5
10CI
:ioi4
"ml
0!
IH'4
11.1(4
l(V.i
111
ik
lot
7H
1(14
US(.
lW
34 '
011;
II2TJ
tet,
11OS
!!.
N14
tins
i7i.i
Mi
103,
701.4
Jin
m;
57(4
108
101;
ll'4
1171,
not;
io2;
101
Time.
2lft3
H4
34
mm
Reserre Danks' Discount Rates
-Days-
Iinnirv 12.1)1 12.03
December ... 11.00 12.05
Si? "..::: Jiw M
ij58a ::::: an Bi3
12.33 12.31
.... 12.53
12.63 12.64
!.03
lilio
.a.1
!.04
12.;
h
lilio
Liverpool Cotton
WVERPOOI Dec, 11.-12:30 p. m., cotton,
only a moderate bustaeaa was dona with prices
easier. Future, steady: January-February,
?.35d.: March-April. 7.33J.: May-June,
.2tJHd-! July-Auzuit, 7.10d.: October-November.
B.7M.
12'.4.1 p. m.. spot cotton. American mlddllnar,
fair. S.J2d.; good, mlddllmr 7.91d.: mlddllnK.
7 J4d. . low mlddllnr. 7.004.; good ordinary.
lMt:,
ordinary. D.3i
!fi
LIVE STOCK QUOTATIONS
CHICAGO. D. 14. HOGS. IlecelDts. 27.-
(JOO; market. 13C2uc. higher. Mixed and
iH.03;
butchtra. id.10HU.ll3: good heavy, SS.33ad.U3,
rougu oa7y, au.u'''': iixdi. o
plga, utxitfj.Oj: ouiic, n.3tta.i3.
CATTI-H.'-necelpU. 2300: market strong.
Evsvok. L40-ail.l5: cow. and hetlera. t-1.25
fS.30; Weeurners. 18.4088.30; Texan. 0.0&
RICaVr X'i'nXll'UI iO.VW, UaLfJkaTfc liHU.
,'atlrc and Western. tZ.XiiO.W. Umba. tt.iS
JN'atlrc
V.9W.
NEW YORK BUTTER AND EGGS
NEW YOHK. Da- . 14. -BUTTKlt-Market
Srra. receivta. 004 packages, extra. 3603OUc:
Pgher sevrmgr. SierfWc.: Sut Jilry. 324ISJ&:
ussimiwu crfajzmry. -194M
irrul!(Mark0t ana. rufelota. 81S3 naekaaaa
euuro. Dcm. 3a04Oc.. orsts. 3t4SS7c.; nearby
wbltaa, W34f.: lx4 color. aiSuc.i rcfrlg.
trituc Oi-la. Hg2le.; ctaxty trowua. 4tc,
' aya
10 or Over 10 Over 30 Over 60
lesa up to 30. up to DO. up to UO.
Ilv..,nn :l A A a
Now YArtf . .
Philadelphia
f'lvilnnt
Itlchmond ..
Atlanta
Chicago ,
it. I-ou! ,
Mlnnearolla ..
Kansas City...
flallaa
Ban Francisco. 3
3
3
3.4
4
4
4
4
4
4
4
4
4
4
4
354
4
4
4
1
4
I"
4H
4
4!,
Com
Maxwell Motors 7-lJs
Max. Motors 1st pf.... OS'i"
Max. Mutor- 2d pf.... fiO
Mexican Petroleum... . 9 Us
Miami Copper It:,
Mbsourl I'aclllc A
Montanj Power. . . .
Nat. Lead
Nevada Con. Cop. . .
N. Y.. N. II. It II. .
Now York Central..
N. Y., O. A West. .
Norfolk & Western.
Northern Pacific...
Ontario Sil. M
I'aclllc Mall
I'enn. It. It
Peoplo's Gas, Chl
Peoria .t Kastern
Philadelphia Co
Pittsburgh Coal
PlttsburBh Coal pf....
Pitts., C, C. 4 St. L.
7.V
J!)lj
r,7H
01
33
Mi
70
01
lOJf
100
71!,
00)5
CO'i
01J5
:t'4
70
o:H
10
Pressed Steel Car.
Pub. S. Corp., N. J,
Ily. Steel Sp'c
Hay Con Copper....
Iteadlm
Hep. iron & Steel.
f
. 04
. l.Vi
. 7-1 li 7i 7't
.lU-l'i 10,V io.-
. :ioi ao :io
120H 122 121
..11SH 110 115;
10'X
in.
59
113
15
W
mi
no
80
Gl
100
75J
.Mi
r,7H
01
3.1
:iu
70
01
10f
lOVi
. UH
. CS'i'
.113
. lt4'
. '12
. Siti
.100
80
. my,
.118
. -13Ji
. 25
. ion
M)i
Hep. Iron & Steel pf..HUi
Hock Island Co. pf. .
St. Louis &S. V
Seaboard Air Lino pf
Sears, Hoo. & Co
Sloss-Shef. S. & I. Co.
SIoss-S. S. & I. pf...
.So. Toito It. Sucar.... 115
Southern Pactlic. .,
Southern Ily
Southern Ky. pf. .
Studebaker Co....
Tenn. Coppor
Texas Co ,
Tex. Co. sub. rec.f.pd
Third Avenuo
Union Hag & Paper..
United Clear Stores..,
Union Pacific
Ui:fon Pacliic pf
U. S. Ind. Alcohol....
United Fruit
U. S. Rubber
U. S. Steel
U.S. Stoei pf
U. 8. Express ,.
Utah Copper
Wabash w. i
Wabash pf. A, w, i.
Wabash pf. II, w. 1.
Western Union Tel.
West. E. AM
Winys Overland.,..
Willys Overland pf.
Woclwoith pf....,.
S2
55'i
112
, H M
. AM AM
. AIM 40
1754 170
am 03
101 101
115
105f
30W
1221,'
115J,
103 i 10U
UH Uii
flSii CSU
112 112
15 15
13!J 43H
35 IlllH
107 110
SO 80
m o-i
11SH list 118J,'
431 i 43Ji 43! i
81!j 82
MM r,oM
IUM 112
H M
4 AM
40 40
170
Olt.
101
115
170
03
101
145
213
215f
02
7).
9M
220
021,
7i
OJi
. .1UU 1UIHS 1UOH uiun
.. 21U 22M "Hi 22).
.. 01i OUf 01 U OW
..IKiii 17414 106'i 174
.. CO 57i f7 57H
.211 220
.212 220
. Olli G2)i
.. 75i '
.. JlVf 0i
..13GH 137J5 1305i 1375
.. 84 83)1 SI". HUM
..110 122.VJ 120 122H
..140 148 I47H A7H
.. 53H MM 531f 64
.. 85'i 66) 85) i 80)i
..110H UGH UMi 110'.
. 48) 40 40 40
BOK 70iJ
10 15U
45J5 45J
20 28J4
88)1 88)5
0S)J OOJi
238!f 219S 210)5 249)5
.111 114 114 114
.124 122)1" I22Jf 122K
70
15).'
45H
28H
8S5
07
8031
15f
15!j
2S
8S!i
CSJ5
LONDON STOCK MAHKET
afticui. iraoe ncceriancei. torn
noton 5 aft 3W aU
KTaau. Vrirlr R llH Till '
Uhlliilalr.hli J Li. '
ClevrlanJ 5
Klchmond 3
Atlanta 5
Chicago 6
St. Louia S
Minneapolis ... 3
Kansaa City..- 3
Dallas
!!
38
3H
gan l"rnnclco. 6
2
4
4
3!i
354
3K
a
a
3
3
3
3
3VJ
-up to m uays; over mm to ov, per cent.;
over UO to W, 4H per cent., and over 00, s per
cent.
DIVIDENDS DECLARED
Frankrord Truat Company, regular semi
annual 7 per cent., payable January 1 to
stockholders of record December 13.
Nlplsslng Mlnea Company, regular quar
terly 3 per cent, on capital stock, payable
January M to stock of record December 31.
La ltoaa Consolidated Mines Company, reg
ular quarterly 1 per cent., payable January 1)
to atock of record. December 31. Hooks close
December 31 and reopen January lb.
Maine Central ltallioad. regular quarterly
1U per cent, on common, payable January 1
to stock of record December 13.
Uutfalo General Electric Company, quarterly
U4 per cent, on common, payable December 31
to stock of record December 20.
Little Schuylkill liallroad Company, aeml
annual 3Vi per cent., payable January 1 to
atock of record December 15.
United fruit Company, regular quarterly
3 per rent., payable January 15 to stock of
record December 'i'i.
BAR SILVER
LONDON, .Dec H.-TUe pries of bar silver
waa 2d 11-iS pane.
Canadian Pacific Up a Point Illinois
Central Weak
LONDON. Deo. 14. American securi
ties on the Stock Exchange today were
Irregular. Moat of them were off. Cana
dian Pacific advanced a full point, -while
Krlea scored one-half a point gain. 1111.
noia Central was weak, sagging; 1V4.
Union Pacitlc was 74 under tho ilnal yes
terday. Reading sold ?i lower.
luindon N. Y.
12:30 p.m. Kqulv.
AicotHon ................... ..in?,
Canadian I'aclllc IdlU
Cheaapeako & Ohio fi.Vj
Chl Mil & St Paul ., OS
Kris 4li
Erie 1st preferred .'.:)).
Illinois Central 113
Louisville & Nashville 1334
New York Central 110V,
Pennsylvania 02
Heading- , h.1
Houthrn Pac! no 100
Union 1'uclttc 141
U S Steel ,, wi;
Increase, Decrease,
"i?
UIT4
IWi
4SVI
".?
ioi - h
4- U
in,u nr
y-m ...
- M
"h h
to - l
100 1!
lain ',:
w!i -1
NOTES OF THE RAIL
The practice of the Atchison, Topcki
and Santa Fe and other continental rail
roads In according to grain millers at
Ot'den, Utah; Albuquerque, J I.j KI
Paso, Tex., and points east of there tran
sit privileges in connection with the
handling of shipments, which are not ac
corded to the millers at California mllllnK
points today, was declared not prejudicial
to the latter by the Interstate Commerce
Commission. The commission holds that
the rate charges are so arranged that the
California points receive a rate benefit
which oflgets the transit benefit given the
other places. The California millers' com
plaints were dismissed.
Driggs-Seabury Stock Increase
At a special meeting of the stockhold
ers of the Driggs-Seabury Ordnance
Company the resolution was passed, uu-
thnrtxlnz an lncraj(A In fth .An..r.n
- -" ,. .w-.VM
sto.- from 13,000,000 to 110,000,004.
FOREIGN EXCHANGE
Ten.
Sterltn HI" Tm. La,. Close.
Cibles.... 4..-V4 ..?- 4.7IV, 4..2
Ilfmaml... 4.71 4..1U 4.71W 4.11
1'rnnc
Cnbles o,8.1Vi B.S5V, R.
Demnntl,., ft.ftfl1. 5.87 6.to 6.S7
Mnrk
Cables 77 77',, 77',. 77
Drmnnd... 7714 77V1 77',. 77
'LOAN OF VICTORY'
ATTRACTS MUCH
GOLD IN FRANCE
People Send in Subscrip
tions at the Rate of
$9,500,000 a Week
WINE PRODUCTION LESS
Dy YVES GUY0T
Editor L'Aucnce I.conomlo;ue et Flnanelere.
Special CaMe Dispatch to Evening Ledger
1'AltIS. Dec. 14 According to Informa
tion I liavo received from a. largo num
ber of places whero subscriptions to tho
"loan of victory" aro being taken In, gold
Is coining In In largo quantities. Many
of tlmsc who held their gold desplto tho
nppenl of the Minister of Finance In tho
spring have decided to put n largo part
of their reserves Into the new loan.
It Is not possible yet to give exact
llfiiircfl on tho subscription!) In gold to
tho nr-w loan, nnd tho Klnnnco Minister
will mako no stntement until the sub
scriptions close. This payment In gold Is
Interesting and characteristic, na the np
lienl of the Flnanco Minister last spring,
which wns addressed only to tho patriot
ism of tho people and otTored no special
advantages for turning tho gold over to
the Government, brought 1,101,000,(100
francs it:il.O0.fino) In gold Into the coffers
of the Hank of France, and these gold
payments, which went on for many weeks
nt tho rate or 100.000.000 francs a week,
have equated 60,000,000 francs a week for
the Inst two (Weeks In which the loan has
been offered the public.
I.ust week gold paid Into the bank out
side of subscriptions to the loan amounted
to (12,000,000 lrnncs. Needless to say, sold
subscribed to tho loan will bo turned over
by the Government to tho bank to ln
crenso Its stock of gold nnd possibly nlso
to belli In Fettling the position of ex
change, which already Is much amelio
rated by foreign subscriptions to tho loan.
Whip production, which Is nn extremely
Important part of tho total production of
Franco, shows a very considerable deficit
for l!d." While production for 1914 was
neatly UO.OOO.OOO hectolitres, this year's
production Is not more thnn 22,000,000 hec
tollties. This means a naturally sensible
Increase In the price of wine, but this In
crenso will only compensate producers In
a small measure. In 1913. which wns an
average year, exportation of wines repre
sented approximately f3S.400,000. The dellclt
to production and tho rise In prlco this
year will lower greatly the export of wine,
which would have been so valuable a
contribution toward tho regulation of exchanges.
PUBLIC UTILITIES
The American ItnlUvnys Company
showed un Increase of $10,116 In Novem
ber gross earnings. From July 1 thero
was a decrease of JloO.SSI.
Tho Market Street Cable first mortgago
G per cent, bonds maturing on December
15 will bo extended until October 15, 1.16.
The extension has been underwritten by
local and Ban Francisco bankers. Tho
company Is a United Knllroiids of San
Francisco subsidiary.
Francis T. Homer and T. II. Tutwller
have been elected directors of the Ameri
can Cities Company, which Is controlled
by tho United una nnd Klectrlc Coroora
tlon. The Cities Servlco Company has called
for payment tho outstanding J71S.0OO 6
per cent, sinking fund stock trust cer
tificates of the St. Joseph Hallway. Light,
llent nnd Power Company on December
27 nt par and accrued Interest. An issue
of $1,115,000 of these certificates wns Bold
on December 1, 1911, with tho Guaranty
Trust Company ns trustee, nnd a certain
amount hns been retired each month by
n sinking fund, the last of the Issue be
ing duo May 20, 1917.
The Pacific Gas and Klectrlc Company
lias applied to the California Railroad
Commission for authority to Issue an ad
ditional (2,500,000 of Us 6 per cent, first
prelerred stock at not less than 50. A.
F. Hockenbeamer, vice president of the
company, says that tho request to issue
moru stock Is not because of need of
fundi,-, but becnuso of constant Inquiries
from customers for this stock, and the
company Is desirous that Its sonsumera
should have It
The directors cf the Ottawa Light, Heat
and Power Company passed tho quarterly
dividend of l', per cent, for the closing
quarter of tho current year. Reduced
earnings because of war conditions are
said to have been responsible for this
nctlon; nlso the drastic cut In rates made
some mounts ago by the Hydro-Electric
Commission of Ontario, which controls
the rates of tho Ottawa municipal plant
with which the Ottawa IJght, Heat and
Power Company competes.
The Michigan Railroad Commission
has approved the application of the
Detroit United Railway Company to issue
...SOO.OiX) short-term 5 per cent notes.
$3,000,000 of the proceeds to be used to re
tire outstanding short-time obligations
nnd $500,000 for extensions and additions
to property. The notes have been sold to
New York bankers and will be offered
soon to the public.
$100 BONDS
City of Haltlmor 4s 1002........ h'lU u8!i
City of Chic Harbor Cona 4s. inlT. M ..
City of New Orleans Imp .la 1I)'J..1I-I 10111
city nf Vancouver 4t,s. 1021 imi '
N.v. York Mtv re 4tis. l.k.L't In. In7
11V l
4U.3. IIUL'r . til
New York ntv rey 4ti. lnt-k ini
II & O. O & I. K 1st 3a. 1-50...... nlU
rent Vermont ity 1st reg u. 1020... 12
c 11 & u iienver t-xi At. itt-. ..... H8
t. SI & St l I! tl It Conv ... loil.liKlW inni
n 11 & Kt P Conv 4Us. lf-l ...... JOI 10t
Col & So Itef ; Kltt 4'i8. IttW R.l OO
N Y Cent Conv Deb Rs. 1UT5 110U n
N Y & O 1. lErlel 1st 5s. 194K. ... I!) .7
N Y N II & II C D CIS 3Us. 1050.. Tii ,.
N V N' II & If CD reg lU. 11)13,. J12 li.ti
. 1. est ist on -is. uo r.w nt
Nor
-IW
.It!
S V. San Fran Term 1st 4s. 1050.. Rlf! gj
Vlrulnlan Ily 1st 5s. Iii2. ........ . 1.7-J ..
Am Ak t'hem Conv Deh 5, in.. us ,.
Am Ice Kcurltlea Deb us. if2... . .
Am T & T Coll Tr.Ctfs 4s, 1029..
Ant T & T Conv 4Ws. lO-ri
Jlelh Steel 1st & Ref Bs. 1042
Central Leather 1st rex na, lHL'V . .
flNei, Kprv Conv Notea 7s. IlilA
Com P Ilv & Light Conv Oa. 1018.
&i
inr
Mti loiH
J
V0
101
il mit.
C P Co of Minn Coll Notes s. 1017 hotf 101 i
Denver s & Eire 1st So. lnla.... l 05
General Electric Deb SMs. 1012.. ' TVS .7
lcaawaniia "teri i.i jw os. XJVt n-l l).
Laclede Qaa 1st 5a. lOlS,
no
1nnr
i.ijrsrtt & Myers Deb re ft Ta. 1041 l'l f"t
Baltimore Gas Deal Falls Through
NEW YORK, Dec. H-The proposition
made by Columbia Gas and Klectrlc
Company to furnish an adequate supply
of natural gas from tne West Virginia
fields of the United Fuel Gas Company
to the Consolidated Gas. Klectrlc Light
and Power Company, of Baltimore, has
been rejected by the latter company. It
is understood that Columbia Gas and
Electric will at once take up other plana
looking- towards securing- a market in
Baltimore.
Kennecott Copper Stock Increase
NEW YORK, Dec. II The stockholder
of the Kennecott Copper Company today
ratified the olan calling for an Increase
In the stock from 270,000 shares to 3.000,000
shares, making the capitalisation 15.0u0,0uU
Instead of WOOO.OOO.
Sales in Philadelphia
Yes. close. Hlrt. Dow. Closo.
120 Amer Mllllnc... 0W 7 6 Ci
41 Am nlwys ..,, 81 80 20 2D
10 Huff A Su T O. 2S 25 25 25
30.14 Cam Steel...... 74H 75U 74i J4K
01 Etca Storare.... 6SH IWK S. 68
17 Clen Aaph pref.. 72H 72W 71U nn
.1 InS Co N Am. 28 25 25 23
100 Insp Copper 4t4 44t4 44"j
155 tJtke Sup Corp. nf 0?4 OW 914
72 I.ehlh Nav .... 7H TflW 78K 7SV4
100 Lohloh Val Tr.. IS 18 18 1R
IS do pref 83 37 37V4 .17'.4
330 renna Railroad f! f.OH P8 5SS
Penna Salt Mfnr.100 100 100 100
40 renna Steel pr. St 80T4, R0H 80i
?.VS Phlln Co ..... 44 4,114 -1254 4.1K
10 Th Co cum pf 4't 4214 42',4 42!4
7243 Phlla Electric. 2SU 28H 2SU 2.Si
20 Phlla Rap Tr.. 20M 20'i 2014 20K
10S8 do tr ctts.... 20'.4 20 19',4 20S
41 Phlla Traction.. 80 80 80 80
WXJ Rcudln 80i SV.i 814 81T4
1557 Tonopah Helm. 4 4?4 494 4"
BlOTono Otlnlng... 7 Hi, 7 7
10 Utah Copper.... 70 80 80 80
120 Union Traction 44 44i 4114 44H
03 Unit a' Imp... 8S',4 89H 8814 851
0780 U S Steel 85 88 85'A S0'4
300 TV Ctnmp Bona 84 83 84 85
15 York Itwy pref 34 33!4 M4 33t;
05 TVelsbnch Co ..43 45 45 45
'Ex dividend. Loss. Galn.
I30ND8.
Last rrcv.
fair, lllgh. Ijovr, Close.
81B0O Am 3M & E Bs. 88 8014 87; 87i
3000 El ft rco Tr 4s. 81 St 81 81
20C0 James T & C 4s. 02 MM 02i 02U
2000 Intrrst nys 4s.. t.S 58 58 58
WW) I. Nav cona 414S.102 1014 101!4 101H
10000 Leh Vsl gen 4s. 03 02 02 02
2000 do cons 8 rru.tlO 110 110 110
570000 I'enna bcii 4Ma.l00T 100T4 10054 100S
.'MiOO do cons 4',4a. . .lO.Vi I03!4 10314 10514
COOO Phlla Co 1st 5S.100H 301 101 101
10400 Phlla Eleo 4e... 84 84 8214 81
12000 Itesd j?en is. ... 03 05 D4?4 MVt
10CKI Span-Am I Its.., 102 302 102 102
100000 Un Rwy Inv Bs, 73; 73!4 735i 73H
Local Bid and Asked
Today Yetterrtny
Hid. Asked. Eld, Asked.
Duff & Sus t o 25 254 23 251$,
do pret 54 53 r4 55
Drill J o ,. ,. r.t 5i
Ilnldwln llA't 1)7. 112 1124
Cntnhrht PtccI 74 J.'.tj, 74H 741i
IKIrctrlc Storasro 07 118 (WU (i!
General Asphalt .'li'i 35, :W, 33
do nrcf 7l 7214 72 73
Keystona Tclephono . . . 13V 14lJ lllj; 14'i
Ho t c 131, UU l.'lj; 141,
do pref !!! 7 titl'4 ".
Luke Hup Con' J'h, I'J4 O'i Jiji
LchlKh Nnv 7S 7S.S 7H "Mil,
Lchlitli Vnllcjr H2 sajj WJ4 MX
LehlKh Val Tr 171 is'i 17if lnl4
tlo nref 37 :u 3714 3H
Pennsylvania ."; wt'A .wl .!i
I'lilla Elcc 2H4 211 i'st; 2SJ1
l'lillit Co 13 41 KI 4.1J,
lo ,". tier cent, tircf... 3f. 1HH4 311 ang
do tl per cent pr Ill 427 41, 4214
Phlln It T 2t' 2tji 20 ij5
do t c 20l4 20 2I -M,
Heading; M 88 0OJ4 my.
Ton Hcl i1. 4i ts r,
Ton Mln 7 "V, 7 7'i
cmon Trae 4414 45 4414 45
V tins Imp 8"14 SHi SS, KSJi
V 14 SUct Wl-V, Ml-), S.V.l 85
York Itwy II b 1 It's
tlo rref .Wl 3li, 33M 34V,
TVm Cramp t c 85 87 bO 85
Financial Briefs
Do Haven & Townsend and TV. S. Baker
& Co. bouRht Philadelphia Electric.
Exports of jfcnoral merchandise at tho
port of Now York Monday totaled $18,03.),
631, an Increase of 14,235,474, compared
with n week nj?o. Imports totaled J 1,370,
011, an Increase of IMo.MJ.
O. M. Orcutt, assistant to tho president
of the Erie Railroad, has been elected a
vice president of the company in charge
of the real vstntc department.
At a meetliiK of tho board of directors
of the Manufacturers' National Bank to
day Edward Wolf was elected president,
succeeding William II. Hclslcr, deceased.
Immigration In October amounted to
25,450 persons, ngalnst 21 513 In September
nnd 30,416 In October, 1911.
Charles E. Knox, president of the Mon
tana Tonopah Mlnlnt; Company, Is pay
ing a brief visit to Philadelphia.
Tho Flsk Rubber Company has pur
chased control of tho Federal Rubber
Manufacturing Company. Byron C.
Douse, president of tho Federal Company,
lias resigned nnd II. T. Dunn was elected
piesldcnt, with B. II. Pratt, vice presi
dent and general manager.
Total reserves held last week by the
local banks nnd trust companies were
S1O2.32C.0OO, distributed as follows:
Philadelphia $13,080,000
North America 2,120,om
Farmers' and Mechanics l.M.I.Ont)
Northern Liberties nin.oou
Fouthwnrk .'Itil.onii
KrnsltiKton :I20I0
I'enn 1,S43.01K)
Manufacturers' 450,000
cilrnrd 8,74)imi
Tradesmen's L'.uul.ioo
Corn Exchange -t.nOT.Ooo
Union , I,tx2,iiii
First 4.7N4.0.KI
tnim
Sixth
Eighth
Central
Security.
IVntennla 1
Ninth
Tenth
Nort h western
Southwertern
Kourth Streot
Market Street
Ouuker City
Northern
Kranklln
Textile
Land Title and Trust Co
Ileal Estate T. I. and T. Co
Clrard Trust Co
TV. 1'. T. and T. Co
Philadelphia Trust Co
Provident 1.. and T. Co.
I'n. Co. Ins.. etc.
Total, banks
Total, trust companies
Total
... $102,320,000
BIDS OPENED FOR NEW BRIDGE
Nine Firms Compete for Structure
Over Connecting Railway
Nino contracting firms today entered
Into competition for the construction of
the proposed municipal bridge on the lino
of Diamond street over the Connecting
Railway, The estimated cost of the
structure Is J75.000, of which the city will
pay $15,000 and the railway company the
balance.
The bids received today wero for vari
ous classes of work and not for a lump
sum. The offers for tho major portion of
the construction work and for the re
moval of tho present structure were as
follows; Richard Walsh, $72,750; John
McNenamy. $73,000; Cantrell Construction
Company, J60.715; Thomad P. Rellly, $34,.
000; Arthur McMullen, $79,000; Peoples
Brothers, $73,000; Brown-Stewart Com
pany, $01,000; F. G. Boas. $72,575. and the
Keystone State Construction Company,
$62,000.
Director Cooke, of tho Department of
Public Works, today awarded contracts
for tho construction of two bridges, one
on the line of Ansbury street, under the
tracks of the Pennsylvania Railroad, and
the other on the line of Orthodox: street,
over the Frankford Creek. v
The Ansbury street structure will be
erected by Donato Dellse at his bid of
$42,015.20 and the Orthodox street bridge
by Richard Walsh & Son for $24,356.
Typewriter Plant to Make Cartridges
The Maxim Munitions Corporation an
nounced today that It has purchased the
plant of the Secor Typewriter Company
at Derby, Conn. This plant will be Used
for the manufacture of cartridges.
DIBECTOUr Ot ACCOUNTANTS
Certified Public Accountants
.LAWRENCE B.. BROWN k CO.
UU HEAL S3TATB TltUflT UUILPINO.
BURNS A 6PEAKMAU
Tte Hours.
STEEL RUMORS FILL THE STREET;
PHILA. ELECTRIC AT NEW TOP pRiGj
Pennsylvania Steel Company's Steelton Plant in p,ffl
fitrornfinn fni "First; Timp in Turn V li
France Negotiating for Rails
Somewhat more definite details of the
big Cambria Steel combination wero re
ported In the local financial district today.
Most of tho new camo from out-of-town
sources. In fact, Now York nnd Pitts
burgh appear to he much rnoro active In
tho combination than this city. Accord
ing to advices from theso centres stock
holders of tho Youngstown Sheet nnd
Tube Company will hold a special meet
ing December 21 to vote on a proposition
to sell their stock nt $30d per sharo to tho
syndicate that Is organizing the now In
dependent steel combination. Tho offer Is
understood to liavo come from the samo
syndicate that hns been obtaining options
on Cambria Steel Company Btock nt $S0
per share.
In connection with tho deal which seems
to Include at lenst five of the big Inde
pendent companies. It Is worthy of note
that, according to latest statistics, the
largest Individual Independent capacity of
output per annum Is that of tho Jones &
Lniighltn Steel Company, 2,000,000 tons.
Tho Cambria Steel Company Is second
with 1,GM,000 tons, then In order comes
Lackawanna Steel Company and Youngs
town Sheet and Tube Company, each
1,300,000 tons; Ropubllc Iron nnd Steel
Company, 1,200,000; Brier I tilt Steel Com
pany, 623.000; Inland Steel Company, 600,
000; La Hello Iron and Steel Company,
423,00; Pittsburgh Steel Company, 400,000,
nnd Wheeling Iron and Steel Company,
223,000.
Announcement wns mndo today that thn
Number 2 blast furnace nt the Steelton
.,. ... uu iiiiuii operation for th VZ1
tlmo In more than two years t. Ml
remained quiescent and a trifle rivl.."'
In connection with th w..""!
ment rail orders recently reDori.d u "Kl
r,u.,.n un im mo I'CnnSylVBTil ."
Oomnnnv for es wi 4. ,'"wl 8uw
, Cambria Steel ruled firm . if'
today, but wns not especially ..S
Philadelphia Electric, in fact fuV
tho chief Interest In an otherwi"
session caused by tho storm's",
ence with tho wire service. Before"'?!,
day tho stock had been marked bf
its previous high record, and later .v.
was exceeded, some largo blocks e...
Ing hands The Street Is convince Jf,
a melon Is to bo cut shortly. pmi.VV
phla Electric 4s came Into demand I In $
afternoon nnrl mnviwl im ... 1
fraction. On tho other hand. Phffi'l
phla Company was down about . point f
j-viiiioyivMiiut Bi-uuiiuea were dnrm..i
and Asphalt preferred dropped mora n, ,3
whereas Rending and Northern Centwl
nciu otiuilH nJi.Oi ,jt
1
Koyatono Telephone securities tniA Jji
nnnr.nnn in thn fnvnraU. ""' I
nnrnlnirfl. tvlilnli oVinufsirl n ..... . "TJa
" "' iiuvu ci. muss rtt n,t
$0370 nnd n net lncreaso of $525. The in? 1
plus wns $23,846. Tor 11 months the Ini
trlna tvnn t!l?1 1R9 rnmtrnrn.1 Mnt. ?ur
for tho correspondlnff period a year m
PHILADELPHIA MARKETS H
GRAIN AND FLOUR
WHEAT. ttrrelpts, 23.1011 bush. The market
ndvnncril le., with Komi buylntt by exporter;
nntl tnlllera Quotallons: Car, lots, In export
rlevator No. 2 red. spot and December, J1.20
fi1.22; No. 2 Southern red. Jl. 181.20; slrnmcr
No. 2 red. Jt.WM.W: No. 3 red. ll.lilM.in;
rojected A. Jl.UHfjl.10W; rejected 11, l.l.l
1.11
COrtK. Hecelrts, 2U0 bush. Trade was
Ottlet, but prices ruled Arm under ItRht orter
incs. Quotations; Car lota for local trade, ns
to locnllon-OliI Western No. 2 yellow, 80n
Sic.; old TVeslern steamer yellow, ,H1IfOo.; old
Western No. 3 yellow, 81i7lic. ; new cob, per
70 lbs.. irrtiriSc.
OATH. Itecelpts. 30.333 hush. Trices wero
Ktencllly held, but trade was quiet. Quotations;
No. 2 white, 4liTM1t'4c. ; standard while. 4"t
tse.; No. :t while, 4iHi1?4Tc.: No. 4 white, 44Vj
i43Hc; samplo oats, 42tJ4lc: purined oats,
Rradcd, 47ifISe.
Kt.Oim.-Hccelnt. 1230 bbls. nnd .2.01 7,0O
Ilia. In sacks. Prices wero llrmly held, but
demand wna llaht. Quotations per lint
lb. In wood TVIntrr clear. .i.l.T.40; dc.,
rtralBht, f.T.r.O'Tfn.T.T: do., patent. J3.S(130.10;
Kansas, clear, Juto sacks. J3ffJ.ls; do..
urn sm
i!
! in. . I... .nllt- .tt,lfn nmt fnncv n.ttent.
y.2'it40; city mlllH, regular Rrndcs Inter,
clear. $M31i.1.l0: do., straight, J5.M)3.'; t'o.,
patent, $3.8090,10.
IIVE I-'I.onn was nulet. but flrrp. TVe quote
at $3.23H3..0 per bid., na to Quality.
PROVISIONS
The market wns nulet hut steady. Quota
tions: City beef. In seta, smoked nnd Mr
dried. 24R2."e. ; Western beef, In sets, smoked,
2l1i2.V. ; city beef, knuckles and tenders,
smoked nnd alr-drted. illfl'.'Tc.: Western beef,
knuckles nnd tenders, smoked, 2iW2c. : beef
hams. J2Sfi.'tO; pork. Inmlly, $23..JMI24; hums,
H. I, cured, looso. I.'iWl.i'ic ; do., skinned,
loose, I21rl2iic. ; do., do., smoked, l.TOKHtr.;
other hams, smoked, city cured, ns to brand
nnd nvcrnsp. MUfjlTc. : Imms. smoked, West
rrn cured, lWttlc. ; tlo., boiled boneless. 22c.;
Picnic shoulders, S. I', cured, loots. 12c; do.,
smoked, l.'lc. : bellle. In nlckle, nccordlng tn
nvcraue. loose, i:;-fi irt'ic. ; breakfast bacon, as
to brand nnl nvcrncc, city cured, liBISc.;
breakfast bacon. Western cured. IiWISc. ;
lard, Wetern. reflncd. in tierces. 10?lc. ; do.,
do., In tubs, 10-V.: lard, imro city, kettle ren
dered. In tierces, lOHe.: lard, puro city, kcttlo
rendered, In tubs, lu'le.
REFINED SUGARS
There wna llttlo trading and tho market
wits unchanged. Iletlners' list prices; Kxtru
lino granulated. fl.liKtit.13c.: standard granu
lated. O. l.TK 11.20c. ; powdered. i!.20iiil.23c; con
fertlonere' A, U0.03c.; soft erodes, 3.2.Vii
5.U0O.
DAIRY PRODUCTS
ntlTTRrt. Demand wna fair nnd prices
ruled tlrm under light offerings. Quotations:
Western, solid-packed creamery, fancy spe
cials, 38e.: extra, Jltlc: extra firsts. :i2fl33e. :
llrsts. :tmi31c; Boconds. 201121W.: nearby
prints, fancy, 30c.: do., average extras. .Iivrt
:ihc. : do., llrsts. JIWi.Tlc. : do., seconds, 2Wt
l-.ic.; Jobbing sales of fnncy prints. 4243e.
KOflS. Kreah gga wero scarce nnd wanted
nt full prices. Wo quote: Krca cnsei-. nearby
extras. 40o. per doz.: HrBts. $11.10 per standard
case: nearby current receipts. $I0..0 per case:
Western extra firsts. $11.10 per ense: llrsts.
$1ii..',i per case: refrigerator eggs, fancy. $i.3
41T.W) case; do.. Itrats, $7.20 per case: do.,
seconds. $U..'10til.(iO per coho; do.. Inferior lots,
lower; fancy selected candled eggs were Job
bing nt 4201 Ic.
CHEKSn.Demand was fairly active and
tho market ruled firm under light offerings.
Quotations follow: New ,ork. full-cream.
Iiincy. held. liWliftc.: 'specials', higher:
Jio". hr to good. held. lOWt 17c; do., purt
skims. Uii He
POULTRY
HVR-The market was quiet with fairly
liberal orterlnga tit former rates. Suppllea
were chlclly of unattrnctlvo stock. Quota
tions: fowls, as to slxo and quality. 1JM
14c.; exceptional lots higher; rooaters. low
lit,; spring chlekeitH, according tn quality. 12
ft 14c, ; exceptional lota higher; turkeys . l.M
.tIC.; UUCKH, OH 1U li; UIIU ,Ul,lli, ..,..,.
guineas, young, weighing 2
, weigii
fl.B a'n n.'np nm , nr niilr. lt.V.HSl
(ng V.'i Ibii. apiece, per pair. b.fclKy,; weigh
ing 1 b. apiece, per pair, SOc. ; guineas, old,
per pair. 30)i75c. ; pigeons, old, per pair, 82M
23c : do., young, per pair, lbii2oc.
Ulti;8SEIi. There waa u fair demand for
ern, fancy, 24c; 1I0., do.. gool to choice,
221123c: do. fair, SUU'ilc. ; do., old toms, 2lc, ;
do. cults and No. S. ltityoc; fowls, 12 to box.
dry-picked und dry-packed, fancy selected. Inc.:
welshing 4V.I&3 Ls. aplcie, 17,lc; welching 4
tt.rf. nntere. ltttt,c: welahlng 31 lbs. apiece. 13ft
34c weighing 3 lbs, apiece and under. 13
lie; ntie ncavy iuwis, ,u umina, ,..ij, ,v,.
lug 4b1i 11"- apiece. 17c. ; welshing 4 Iba.,
luc.j smaller slteB, 12!iS14c: old roosters, dry
Picked. 13c; chickens Jersey, fancy broilers.
2lli2c: other nearby fancy brollera, 22824c;
Weitern biollers, welshing lVili- lbs. apiece.
201i 23c.: northern llllnola chickens, fancy, yat
low, weighing 4 lbs. and over, lsiiluc.i north
ern Illinois, fancy, weighing 2HuJll lbs,. In
boxea, 1UU17C: northern Illinois, fancy, weigh
Ing SVifiaii iba.. In barrels. 15ft Ittc,: other
Welern. 4 lbs und over. In boxes, l,S18c. ;
other Western, weighing 21ij3U lbs.. In boxes,
IMildc; other TVcstern, weighing 2W83W lbs..
In bbls., llJfllc; inferior, 13c; ipring ducks,
nearby, lb'u20c. : do.. Western, fancy, lTRlSc.;
fair to good, 129) 15c: geese, nearby, lOiilSc.;
do., TVeitern, HHlOc; squabs, per doi.
White, welghlne 11 o 12 lbs. per dox,, $4.C0
U5. 10: white, welclilng u to 10 Iba. per doi..
ltll.50: white, weighing 8 Iba. per dox., $.1.23
(J3.50; white, weighing 7 lbs. per dox., $2.50
Seaboard Air Line
Railroad Company
First and Consolidated .Mortgage
6 Bonds Due 1915
1'ltICE 'XO YIELD ABOUT
6.05
IlESCnilTIVK CIRCUMB ON
BEQUEST
Harper & Turner
Investment Bankers
Onlceai 1000-1012
STOCK KXCHANGK 11U1LDINQ
I'blludelphla
ANNUAL MEETINGS
iTtS TI1K l'lUUlDEM'IHA NATIONAL
lUe HANK. rhlla., Dec. 11, 1915.
The Annual Election for Directors -will be
held at tha llauklns llotue on Tuesday,
January II, 1010, between the boura of 12
noon and 1 p. xu.
HORACE FORTESCUB. Cashier.
ELECTION NOTICE
BLNUl,AOTUUUHSa NATIONAL BANK
1'hlladelphU. Dec. 14. 1015.
At a meeting of tha Board of Directors
of tha Manufacturers1 National Bank, Phila
delphia, hsld this day, 31 r. Edward TVolf
waa elected President of the bauk, to nil
tha vacancy caused by tha death of air.
WHIUm H. HsUUr.
S. CAMPBELL Cashier.
03; white, weighing OfiOM lbs. per fai ,!s
2.2.HJ dark, $1.7332.231 email anS N.
FllliSH FRUITS i
Cholco stock was In fair request and name.
steady, quotation: Apples, ptr bbLWSSSS
Jlclntosh, SUM; Smokehouse, $.-lfl3.50- nrSli
tlolden, $2.73W3.r,0: Wlnesip. 12 7mj2'1
Orecnlng. $2.75fI3.rfl: Haldwln, 2jjSJ
Dlnck Twig, $2.f,0?M.25; Vork fmpirtarisj
::,23; Twenty-ounce. $2B3: l'lppln, Km. HflL
Davis, $1.7332.23: other varletl i'lbS'K
"..-,0: No. 2. $1)71.23: annlrs. In hmi. .'.r
lbs., n0c.efl.B0
2,7.i. I'eara,
$4t?3; lleurrc
i
30; do.. Western, per boi. lifts
per bbl.-Scckel. Jlnio: bmii3
il'Anlnu. $2...0il.-l.ftn. ni v
York, per 4-lu. basket Delaware, 10312i'io
ngnra, 10U12e.; Concord, 10312c. Grapes. X.,
York, per 20.1b, basket-Concord. 40S50M Ki
iiaunt. 43ftMie. Oranges. Florida. .-,.
S1.7M2.no. Tangerines, Florida, per ttna.a
(53.30. tlrapelrult, Florldn, ptr crate. Cm
l,emuns. per box, $4IT4.M). Plneapplt. Ji
crate, l'orto Illcn, $212.73. Cranbcrrfei. Cnt
Cod, per tibl,, $3fl7; do., do., per crate, JJ
2.50; tlo., Jersey, per crate, $2!J2.fO. "
VEGETABLES .,;
Demnnd was fntrlv netlvi. nn n.l.. -
well maintained on choice stock of most i i
scrlntlons. Quotntlnns: Whlto potatoft. tel
nnn., cnotce, i'..c.tit; tatr to gooa. Kmtt.
Whlto potatoes. Jersey, per basket. No. 1 PjjiT
5015.V.: No. 1 other varieties. 50O.Wc.iiJ
2V ssnsrx. Sweet potatoes, Jersey, r tailo.
.1". ,. .innpii-, , ..u. -, j.i'i.tf.iu, nneet Dotl.
toes. Virginia, per bbl., $1.A0M,73. 0lai
per 100-lb. bag, No. 1, Sl.73tM.S3; No. j,
in t.n;. ihiuimnii, syrtiiii.ii, ier loll, UQI9; A
domestic, per ton. $5S1. Celery. New tit
per bunch. 15R40C. Lettuce. Florldi. w
basket. $2.M)4.; do.. North Caroltiu,
basket. $1.25112, titans, Florida, per bulit.
$2CT:i.2S. Pens. Florida, per bast, Kti
liggplant. Florida, ner crate. l2.Kfrt.ii'
Mushrooms, per 4-lb. basket. 21i31.$o. 1
STOCK EXCHANGE FESTIVITIES
1
Local Brokers to Celebrate Christaa
Friday Next '(
There will bo sreat rloIncB on tha Doer
of tho Philadelphia Stock Exchange ni
Frltlny nftcrnoon, when the rules irlll.bj
suspended nftcr mlddny nnd the broktn
Tvlll celebrate Chrlatmas. And there ill
bo n rent Yulctldo spirit this yer, for
tho brokers have enjoyed one of the itt
seasons In the history of tho eichanjs..
The nrevlous two years were eiicCr
the reverse. For four months iKe h m
Cliuilnu mm tiunvii tiiiu JIV.IVJ CJkyroxi
wera incurred. All employes of the tt.
change will be remembered, nnd a no
mltlee has been formed to solicit koV
scrlptlons. Uonnttons already are miei
larger than usual.
The committee appointed to take chtrfi
of the celebration Is made up of the fol
lowing members: Gordon 3. Caniiu,
chairman: Frank C. Matthews, OeorH
It. JlcClellan, John S. Parke. Eilw'udJ.
Smith, Jr., Edward Brylawskl. Alcxiada
Henry, Jr., and Henry E. Ancker.
A
. MORE COTTON CONSUMED 4
i.W
Large Increase Shown Over Lut Ail-
Year
WASHINGTON, Dec. ll.-A cenia Tt;
port uliows cotton, exclusive of Haters,
consumed in ovemtier dh.im ruiiwt;
... . ..v . , l.L ,iviv.i.I
oaies in ima. compareu wun i-m"","
19H. of which 2S5.135 bales were cooiBj
Iti finttnn.rrrmtflnir Qtntna In 1111 'inrl 23l
463 In 1314. Cotton held In conamniH
establishments on November 3", fcu"
Doles in lais anil i.wo: ids in n, ana"
puoitc storage anil nt compresses, vi
jTi ui.. i mir nn,l I WIB ill In 1411 i
Imports, 21.1C9 equivalent MO-peo
bales in 1915 and 1.1.434 In 1914. Kiyortl
Including llnters, 527,625 runnlns balej
lais nntl tw,vx in pjh. '
Cotton splntlles active during formMf,
31,497,433 In 1915, and 30.125 7S7 la Wl
r , t.-t.t ,.. M....ir.w A.tabiln.
ments November 30, 151,697 bales InJW
ami (,jij in iu, aim in puuuu -
and nt compresses, 116.787 bales lam
1 PI.MA I.. Ifltl TvnnvfrA HltflnffAH
vember, 11,831 bales In 1515 anil, 731 iw
1914. T
Investment
Inquiries j
refirarding practical! ?
every security of promi-
nence dealt in in this country i
will be answered without -
charge by our Investof?
Service Department.
In order that you ma; 3
have complete informatwa S
about this department anfl
.1.- : : ..nilrc seiitU
HIC dC(Vlt.C lb H.l,v, , sm
for our Investors Service
Department Booklet No. ' ',
William P. Bonbright & G,
MORRIS WISTAR 5Tnuu"."
Manager
S7 CHESTNUT STnEET
1'biiaueipnia u
Londons WHIUm P. onbrlfM
l-Krif uuiiwi'i t-"
Tax Frf In PenntyloaM
We own and offer:
Reading Gen. 4
Penna. R. R. Gen. 4i
Penna. R. R. Com. 4l d
Lake bhore & m. s. ( 27
N,Y.C.S:H.R.4i,1934J
Beech Creek R. R. Co. M
Alleffhenv Valley 4j J
Lehigh Valley Gen. Cow-4
Particular on appllctls,
A. B. LEACH & Ca
115 South Fourth Strtt
I