"-"V mfrmrp, -JK-tr-y" i
6
i
EVENING l,E)ttlflH PHILADELPHIA, SATURDAY, DECEMBER 18, 1915:
m
m
FINANCIAL NEWS
JUROPE HAS SOLD $1,550,000,000
OF SECURITIES SINCE WAR BEGAN
Great Britain the Largest Seller Liquidation Not Yet
0?r Distillers' Securities Has Order for
10,000,'4'V) gallons of Alcohol for Export
New York Stock Sales
NiJW VOMC. tier. !!.
Sates of Kitropean-helil American sectirltlpt In Walt ilrcet sltico the vvnr
'pjran havr been lnrne. Uvery one knows that, runt every one also knows
' at the liquidation Is not yel over; In fact, almost every Oay there are some
ilea of both stock and tiond. Various llnures of the tmimilils of t.lorks
i' id bonds sold here have come forvvnitl from time to lime, add the latest figures.
)talned from bankers In elo.se tourh with conditions, show that the, amount i Vnacomla lormer
Adam KtprM
AJaJ.- JnnMti.
AHV-1 RoM M . . .
AIII.(ImtinrTs Mfi .
Allli-Crlnrs Mfe pt
Am (j ( hemic il
Am llt Suflf . . .
An ( as . . ,
Am f if v Fitv
Am toal 1'roJuefs .
Am Hnlo A Aithff ,
Am Hjile A r pt . . ,
Am lea Secrirlliei ... ,
Am I.ltmsAl
Am I.oi'omotlM .
Am Locomcitiic nf. . .
Am m A llei
Am sm A. He? r.r ,
m sirtl Koumlrla.
Am Tel & lei
Am Toincco
Am Woolen tt l
I.nt close
. . 1.10
10M
2Mi
ni't
$'2M
70
WM
o'JU
rs'f
lllnh. aw. Close
132 132 132
10'
2o'J
3Ui
S2
09'.
70
A9
0
11H
27
31N
8.1
70U
70
10,'f
27
31 M
82
r,n
70
7')
mi, i.t'( i:vi mvi
it n
. ol fit
. 2S' 27
. 224 a.V(
. OS', oS'i
101'j 102
.100U KlOU
111
. mf
.12S1?
20Ji
IS
lll'i
fll
27
d'.'j
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27
23" (
0SM
FOREIGN EXCHANGE
S(crllnr Today. Clone.
Cnble 4.1J",, 4.72W
Demnmt 4.12 4.7UA
rrnnrs
Onhtes tt.MU nM
Demand MV4 B.sy, (
Marks
Cnhtes IS',, 7BH
Dcmnml ? 7014
Sates m Philadelphia
i - securities that have been absorbed tn the American market since the writ
arted reach the enormous total of l,5ri0,000,(jo0.
This amount Is. of ronrse, estlmatcil, and Is made iii as follows: Oreat
''rltaln. the largest seller, JflSO.OOO.noo, Oermanv, 300,000,000; t'rnnep,
' 50,000,000, Holland, 1100,000,000, nnd Switzerland and other rounlrleR,
'50,000,000. That the I'nltpil States has been nbte to absorb the enormous
mount of securities liquidated Is traceable tu the lafite credit balance of
he country at the present time, which It the largest In history. Tim trade
iet llcilintlon .
nsortate.1 Oil . .
Alcfi TASK
Atlantic Coast Line.
Ilaklln Ijwo . ...
Ilvltlmorn X. Ohio
Itotopilaj Mtnltu. . .
ItclMohnni stncl
tttittc X. siipeti(r .
al lYItoloiim
nlance In fat or of the United Stales since the war started In niiproxlmntcly ', nnjiltolSc .
2,S6G,000.000, and still growing. We have paid for these securities out of this, ' t rnt leather Co .'
n addition, wo lmvo grunted largo lo.ins to the European nations, running j f hestju-iice A Ohio
fnto the millions.
The stock market In the half day with which the weeh ended showed
i quietly firm tone, but tho price changes did not Indicate the Increased
demand. There was a lare crowd In United States Steel common al the
upcnhiR, all Willi tiuvltu: onlers, and the only substantial supply was the
nalo of fiOOO shares bv Aslel R Co., supposed to be on a forclmi order. At the
opcnlni; the stock sold fiom Sf;B to s&a; In different parts of the crowd, ami,
llthotlgh It receded to S5S when the foretell stock was sold, It qulcklv came
back, The copper slocks made fractional pains, but American Smeltlntt did
not hold up to the hteh level reached jeslcrday. That advance Induced some
prom-taking, and this morning the stock reacted somewhat. Southern Pucllle
Chile t onwr
i t hlno t'opxr,.
hi Mil d st ram.
thl it t ,1 l'v ...
olnratln I'cel A I . .
f onwlklated Ha? . .
orn Produrts ltd
rrt t atpot . .
t rurlhlo Ml
I niPlhle Strel pf ,.
i tilian- Vm ist .
Hrl, Lack .1 ttcit ..
IHitnond Matrh . ..
Distillers' NstmUa)
102 102
Ol'f 100
iii' uvt nm
oii oi mis
12S 12S'( 12SS
VVi 205'J 20,r.5
iHi IS 4S
M'i HV M'i MH
.10 II 0 II
.. ( 03' r.t'i M'i
.103',' 101 103'J 100
.111 111 111 114
.117 HS'f 115'.' US'.
. U2s IUS V2H !)2S
. .us vt Mi an
170 171 170 -171
. Hl( M'I 03i IM'
in'f np 3oit ,'ioh
mi r.nu mm mm
.170 I7UH 170' 170i
. o.'t B14 o3t olli
Ol'j
FRENCH LOAN
CLOSES WITH
A GREAT RUSH
Subscriptions Reach Vast
Figure, but Amount Is
Not Announced
CO Am PmMtlnt .. ..
41 Huff ft Bu t C
SS rto jiref
. 10 llrill. j o. .
34(17 lAni StfiM
SO Clilnn Copper .
IV 1 nhe Pup Corp
10 I.h Vnllri
27 I'rtim Itnllrftftil ."WW
II IVim-i nlt Mfr toil
'" I'lillft lo 41'4
i"J do prrr . a7
111 Phlll l.lwlrt SStl
.... ;.-. .-v -:it . i7
-'u i' ic 'i' ir cirfl
2iV Tono llclmont
IV) T.itio Mining
VI I nltcil ilm Imp Rflt
1.110 f S Slrsl . . . RVH
in VV out i:tr . (17.
S W J !-pahot 50H
82
rH
rv4
7Vt
81i
mH
i t
7
HI eh.
lcOH
ni
(ISH
M
7l)'t
rati
v
lin
41
3V
ltt
S)
117
SOW
IJ0W,
ICOS
2
Mil
W
78H
m'i
tnH
41
3 V
2SH
in",
!?
n
svt
n-'
Clo.
10OH
3.1
M
BO
1BO
41
SV
av,
iin
4,
fnj
MU
07H
son
CAMBRIA DEAL STILL INDEFINITE:
DONNER'S POSITION A MYSTERY 1
Rumor Has It the New Steel Combine Will Become a
Fact in February New High Record for
Buffalo and Susquehanna
Totnl nlf, nM7 dlinrr", eompnrfd irlth
lS.TOI nlinrrn lnt f-ntnrd7; for week, 92,ti
hnrm Imt uerk, 107,114 nlmrf.
:i
nut
0.1
t,Vi
(12
2l'f
t,M
03' i
Wi
62
02
215,
o2
11.1
HI
02
2l'i
W
10i
.iifi'4 now n,vf Hsu
it)
it
. 7.1
110
.I'll
10
41
7.P5
111
1&IT
III
41
7"'i
i h.M ,,,...
was tho most prominent feature of tho railroad list, advanoltij? to 101. There ,.JJ ."m-s . . ..
was a Rood demand for some of the low-priced Issues, with Itock Island reflect- l n j r . ".
InK more conlldeucc and on the outlook, chanRliiR hnnds above 16. There was , Fed Mln ,V Sm pf.
renewed accumulation of I'nlteil Itallwavs of San Traiiclsco, which rose to 'enrral l.lrelrle ...
23, Alaska Hold was another strong feature, moving up from 26 to 27. j fpnrra Motor Pf
The foielun outlook wni regarded with more satisfaction, The ncnoraP Cloodrlrh 11 F Co!.'
feeling on the Street was that with the receipt of tho Austrian note tho I'rrcne-l manci . .
extent of the market disturbance hid been fully measured, and that other , J''ra' Northern pf .
... . . ... .... .. . . . i "' rrs forort! rron
steps, which are reearded as poslb1c, will bo accepted as n relief Instead j (iiipcenhelm ETul'n
ns a cnuso for further market disturbance. ' liilcrnatioml I'-iper
Wnr-order stocks were Rencrnlly In Rood demand, and made pnlns tn the I Internal Paper pf . .
early tradlnK, but In these stocks, as well as In the old-time speculative "JJjiJin lopw? .'."
factorltlves, while there was a broad demand, buyers were not disposed to . i mckc! . '. !
follow advances, but to wait fot i renewal of the efforts of bear traders to! Int M. l pf.rf Up.
flrtnrpaa tirlpM ilinti llinr iititinrtttnlllps lo obfiiln slorlH nt rnncnHslnlls mn I va" -'J roaih'rn
".'"., , . ' "Lark -liil
oo quicKiy lattt'ii nuvaniaRC oi.
Distillers' Securities was favorably affected by tho news that the company
hnd booked additional orders for export for 10,000.000 gallons of nlcohol. The
price Is B2 tents a gallon. This price compares with 30 cents when the Kuropisin
War began, representing an Increase of 73 per cent, learnings of the i ompany
arc running over $.100,000 a month, or 1 per cent, on the $30.SI3, IS1 stock The
companj's fiscal oar closed on .tune 30, and the Street has It that the c.irnlngs
for the 1916 llscnl jcar will be between 12 nnd 15 pir cent.
221'i 22i
10.1 l()i
17 4SU
2S 2ji'
tlli IPC
flip i wm
:.2t r2
10
41
723 i
iipc um
151 151
22 1 M 22.'l
101 104
I7W 47'i
28' 28'
tlH 11!.
W f.r.)i
r,-i
GOLD RESERVE GROWS
173i 1721 172'C 172i
soo fioo 4 no tm
I20'i 121 120 120
. 72j 7.1 7.1 7.1
. r, 4:'c 4flii 43V
124f Y2TM 12.VC 12.r.f
WHEAT ENDED DAY
AT HIGHER PRICES
Fair Demand From Commission
Houses Unsettled Weather
in Argentine
New York Bond Sales
CHICAGO rcc. IS Wheat was Irregu
lar this moinlnjr. but prlie changes verc
not Important December nnd Max were
n. trifle lowi-r enrlv, but Mny more than
recovced the loss July vas llrmer.
Theto was a fair demand from commis
sion houses An Improvement In the ex
port business Imparted confidence to tho
bulls The movement for the week was
somewhat smnllir than that of the pre
vious week, but about twice as huge as
thnt of lust veil All wheat pilccs win- I
higher at the close, while corn and oats
were lower
Wheat nt Liverpool wns not active,
although tho undertone of the m.ukct j
there was steads, the setback here es- t
tcrday having been offset by lighter re
ceipts and fears for distant nrrivals Eh- )
tlmates on the cxpoits for tho, week,
other than American, were disappointing
Unsettled weather, with rnia tn the
north and crntre, where harvc&ting Is
under wav. was teported in Argentine i
English Interests tooK a Deal tan view oi
tho Cnttcd States crop repot t. I'lices
for Hour wire maintained, with the de
mand urgent.
It was tnuught that the recent llritlsh
rulings would Boon bring relief In the
tonnage situation. This Is virtually the
only obst.ulo In the w.i of purchases of
wheat b forelgmi. thi demand being
good The rfcilpts at Mlnneupotfh and
Duluth todav were C55 curs, against 0V
cars n vear ago, at Winnipeg I .lit cars,
ngnlnsl 175 tai-s, at Chicago 155 cars,
against WJ cars.
Corn also vvns Irregular. The weather
In tho West was colder and what offer
ings were made were absorbed casil by
commission houses. The receipts todn
were "58 cars, steadiness prevailed at
Liverpool.
Oats were dull. The receipts here to
day were IAS cars
leaning luture mngen as ioiiova.
17lfm Anidn-Fr 1, .In
li Awp To cm 4'jS
iTnmi Atclil-nn Ri-n In
HftiHi AKhlvon u Is .
ViOii ai lildon Si
IIOO Hall A, llh n 4s
k rtalt .V Clh i v 4'.s
".mill ont l.ruihrr Jsi r.s
lu n ot it u . .-.
2lifi 'hill roi.isr "s.
llo Tlies A: i Hili -
hli On M Sis tir Ton, ",n
no j i n com Is ,r A
li CO Intrrli Met i
ilUMin Intir Mer Mar i ll-.n !HIV.
Kniio Iiim rirw 1 H iim . 74
I'niflO Knn fltv Si Ts III
V"i r.eh nl H .tnii.
I 41 Mr, L'nn A. 1 lv. Am -C
Hlch I.o riuso
Ijte l.rle A il
lomi'-W llli lit pf
Matih itl.in i:i ctd
Mm Di'pt Mnrvs
i Maxwell Moton
! Mdj Mnlon 1st pf
: Mai Motiir-i 2d pf .
M , M 1' A s M
' M,nlf.n ilrfitnimi
Mo ITn S 1en
.Mo, Kin X lews pf
M I mil ( ,,niT . .
Mliuiirl l"ael!lr
i Nat 1 r.imrl ,t . .
! Nevada on ( on
New or!c lr llnt.e.
IS i
7'(
2
. 4S't
. 2P,
. IPS
.107
72' i
:;o'.
si
ii
n.v
mi
(131
IS'C I7'C
77'
MM
47i
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IPS
1071'j
12
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7.lj
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10PI I0P4 101
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'ilsi' '!n'; 'li's' ' Ncft W c'cn,nl I"
imt lwtl !S." I N V.O A.Vet . ...1
on
IPC
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mil.
1004
MM.
fi'j
iMfl'.,
72' 1
i
.mill Mn
7t (HI Mn
HI) ill Vlnnl
iw 1 11 v p
'nr 1
'nr tig
ri.uer
s
Wheat
DecemtNr Mar
July .
Corn tne
December
May
July
Oats
Dcember
May .
Lard
Janjary
May
lllli-
January
May ...
Pork
January llav
uia
Opn High.
1 1S. 1 Is
1 IS I.1UH
1 1U' t 1.'
itHer-.
.wrj
Yut'd's
Cloe cioe.
tl.HJ, 1 1HV.
1 nt
TU". tl 11)'. tl JR
O. ! Il'i tl Iff
70
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7:11.
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rer
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JS.ii
tA'setl SNomlnal
a,r,7
tl'.b7
B7U
tlo.jg
S SO tlRCO 1S43
18 M 1K.I12 tlS -A)
!K!
.W
tosr,
(11 VI
COTTON CLOSED STH0X(J;
SELLINC ON SMALL SCALE
1 iron .s v c .t. liu.i is.
:"V. . i ,,u' '
11 iK. y nt, 4, iinn
lli) N V Itv 41-!! 1 srt
-Jin. N y (' i a Jlav 1IIV7
Iihsi V v J 4i N,n 11157
lliM N y Mute IV, . .
,(0 .Vrirf A. VVi-at 4h
a'Oil Nnr Par Kn .Ii
I4I44I I'Hcillc Tel r.s
.'(V11 I'cnri.i 4h 1ih
Mi 11 ,lo gen et ISa
ll IMhlle Serv N J r.
.vm lien ii .t ,st .-d ....
1ii South 'nr 4a
J"I South l"ie cv Is
,i'vii ,), ov ret t p v
!"' .south Itns cm 4
lis mi nuth ti ion Ta . .
loon ! s Uo rej; 4
IIXji V s Itubbrr 11
17HK1 I- S Stpcl Is . .
lJisn I 11 tun Car 1st 4
jn Vh ("r riini lt 11
ti-ll WnliMfll 1st la
l.(K) VVHloh i'l -, .
4i. Wct I'nl.n 4'.a . .
.'.isti Wtat I nl n Va
IIUA
lis)
I.Pi,
111'.
, HI
, in if.
iis'T
lis.'-,
irsis.
IIS'S
in
its
i'-'S
HnfH
nn
1 HI
1.7
w,
1011
"111-
jlitu-
inn
i(r
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lii-j',
imi.
asi.
in',
101
mi', iim'j
IM'a 111
!MI. III'.'
IKI'j IllOlg
111.'. 11".
Ill', 111'..
10-1 . lll-.l,
7I' 7Ji,
7P, Tl
7Hk 7HS
IS,', MIS.
7i, 71.
III. !
101 'J mi'
77'', 77'
HI'., 4i j
Ion lis.
IP. I'l
IIP. mi.
'uv, !;
ip. "ii ,
ll-'l KM,
IISI'. l'li'u
lfiT. iinn.
lllVlj IO.l
IIL' llST,
II 'I .
m ii-,.
II Vi 'i
mv. 'i.N,
Hsu., no-.
IS) INI
tin mi
., l7
Si Vl,
III". HIT,
7V 7IH,
prj' mT,
lull, I1.111.
tint. Ii Ii,
H"3. IHi
Ii7i, 17'.
li'-'t ll-i.
nm, mat,
nsi imi
'i-i? up,
tm 101
.Norfolk A. Western
Nun hern Paellie
OiiLiri) Ml Al
IMrlfle Mall
1'nnn It It
I'enples C.p, Chi ...
l'eoria !- Uistern . .
Phllulelplili to
Pittsburgh Cn.il . . .
I'lttshurs.'i Coal pf
IMtts , t . c & st I.
I'resMil Meel Car . .
Pub b Corp, X. J.
lly Sieel --p'r
llav ( on Connor
Iteadlns . .
1 llup I run Steel
I I tori. Wind Co pf .
I M L bouthnefpf
i-etlaiard Air Uno pf
1 beir. Itm- A. Co
MuN.-shi f . A I Co
I bo Porto It bueir .
I bouthirn Parlilc
bouthnrn lly
btudebaVer Co . . .
'lenn Copper
'1 ciav Co
Tnlrd Avenue
Lnloa I"aclHe
Dy YVES GUYOT
IMItor TAgence Kconomlquo et rinnnclere.
ffpreltit Cnfcle to Hirntng Ledger
I'AHIS. Dec H-Thc lonn closed Wed
tiesday Is unquestionably a great suc
cess but It q still Impossible to get tho
rllghlest esact forcrnst of Its total,
thciigh some Indication Is furnished by
the nppearanrn for tho first tlmo In tho
weeltlv stnt"inont of tho Hnnk of 1'ranco
of J.JVi.MVOOO francs suliscrlbed direct to
the Treasury's uirrent account with the
Innk This amount, however, Is only pnrt
of such pav incuts. Inquiries at postoinccs
and lonn bureaus show that an enormous
amount of liquid money has been forth
coming, even in small towns, a surpris
ingly largo proportion being In gold A
curious fact was an eleventh-hour rush,
evidently by persons who hnd Intended to
subscribe, but postponed It until the last
moment.
It should he remembered thnt previous
war oans cannot afford a rlterlon for
Judging Ibis oin' owing to the difference
tu conditions Thus, In tho 2,:fi0,000,000
francs loan of 1871, or 1 roo,is).t30 of '7.',
the total lieinc determined beforehand,
mam pi opln deliberated stilcrlbed for
far larger sunn thnn the wanted with
thr eirt.int tlicv would be allotted only
part of their subscription Coneitieiitly.
Hi" tolnls v ere abnormally swelled, the
loan of 'Tt being siilnnlbed twice over,
wlillo that of the fellow Ing cnr totaled
I". v) f) pro These were largely paper
figures, where is the present total wholly
Icpresents cash or securities actually pro
duced fin thri more, 1" francs per shaie
must be p ilit down nnd nil the remainder
lint liter thin the end of next Mnrch, in
nn'v thiee Instalments, whereas In 1S71
P! Instalments were allow nl nnd 20 In '72
Hesldes the micicss of the lonn tho Hank
nf Trance's figures are verv satisfactory,
show lug a enntlnunllv rising gold reserve.
Pllf I now mpiislnir 5 fcm.orrt 000 francs, which
il. Is espeilallv good, considering how much
.Vi gold hss belli paid simultaneously ns sub-
2H'. srrlptlon t" the loan rndiscounted lillls
ir.!j deposited In persons wishing to sub
Kt1 seilbe tn the lonn have Inei eased K,IJ0,-
74'f ' DOi fi tines In the week.
lOVf i There bns n.itur.illv been a large In-
:)' I criasi . Coi.oOO.OfiO. In advances ngalnst
12 I'S 1 scilp. also due to the loan rinally, note
jniwi
2000
1fsl
lnoo
r.oisi
inoo
irsi)
1IMH.
1,000
ino
pis.
1WO
PONDS.
1-c.st rrev
.ile
Am fl A I? sun
vitiaiuic lit r.s. m.
lini
Inter
4 . .s
1 eh N enns Pis PUV.
I eh V 1st ext 4s lu
1 eh V Con! ,".s IOVI
ilo roils iji II"
Plilla Co eons Ss KSU
Phlli PleL 4s SP4
rto -,s , 10V
Krsin Am tr (is ltu
In Hy lnv r,s 71,
llteti Ijm Clne
s ru, sv, sn'4
I11.J ID.' 102
,-.s r.s 6s
lnp; loin lOi'i
V2 us 02
lonW IIOIA PttH
ll'Hf. IIO'J 110't
s.s ss ss
sm HlU .S4ti
lai 1J im
1H2U 10214 lH2's
71V. 7Tt 73'S
Total sales, $57,700, rompnreil wlllt I9,009
Inst halurilnj 1 for week, ?V)7,1B0 last week,
$33,V,0DO,
Local Hid and Asked
47" i
77H
ll'i
47J4
2Ps
1117 vi
72
ni
81 Vj
14
US'.
IK
i.:t
7o'ii
101
r.iu
12.1
lHf
7
IlaMnln
Ml lliirf Bus t e.
ilo rreferretl
Cambria Steel
niec Storage
flelienl Asphalt . . .
tin irererre,1
Kei tone Tel . ..
ilo t c
ilo tirer , ....
take Hup Corp
I.ehlRh Na
I-ohtKh Valley . ..
t.ehlsh alley Tr
ilo prof . . . .
t'ennn
I'hlla Glee
riilln Co
ilo .1 per cent prof
do 11 per cent pref
Pblln U T ...
ilo t c
Ilea lliiff
Tonopuh llctniont
Tonopnh M.nlia;
1'lllon Trurtloll
I'nlleil 'lis Imrroi..
P - steel . ...
V,ork ltiilluiii
ilo pref
Win Crump t e
Todiy. Yesterday.
JIM Aske.l 11 lil Aslieil.
nn unij, unit inv,
, az ,11 .i:s :i-i
ns rs rsy! r.
7r,, 70 7&H -r,,
on 117'i nn
31 nv fit 31
71M, 72V4 71Vi T2'5
14 till. 14 14M,
11 14'i 14 IV,
mm 117'i IW 1.7V.
IHl l's ''!( I4
" 7sC 774 7SV4
si, Mi si S1H
17i ls. 17", 18ti
.I75 IS S7'i .IS
OS All r,S 'rfl
'.SV4 2ST4 2S 26
41W 44H 4 IV, 41
3V 3D TS ,TiV
ni; .'o m 20
io?s n ii'S --0
SI MW W5 Nlf,
4, 1) 4 14
ns -' n 7U
4P4 4', 4P. 4r.
W s.m SS', HI
s-.H svt, s-,i. S-,C4
.tlVi 34'. 3 11. SIVi
81 S7 81 87
NEW YORK CUHIJ
mr.'f Kij" i km
.in no' t :in
12(Hf 12(l'i 12.TJ
.llf.lS 110'C 115i II1V1 i clrciilitliin has been diminished by no less
Vtnerlnn Vine
llrailcn
llrltlsh-Amerlrnn Tobicco old.
llrlilsh-Amerlcin Tobicco new
C.oblilelil Consollilattil
Hi mice Mfg
Intern itl mill Marino . .. .
littfrtiuttnn it Marine preferred
lei nr t Cupper
I.eblKh Vnllct Coul Sites
Murionl
Mnnini Coppir ,
Militate .
N ppslng
Ptls Pleiator
tills l.lsiitor priferreel ,
IN nn VI ir on!
Itlker.llejiemiti
Sirrllng (ium
bubmirlnf ,
Tobario I'roilutta .
t'lilte,) Prnllt bbartni; now ....
World Vlliii
Yul.iiii lioltl
Ill.l Aske.l
ir
... Kl
... 14'4
... 13
... ti
... S3
!'.!'
! r',2';
...to
... 3'.
... 14',
. .. 7-',
... 7i
... ns
... US'!
... ni
... r.s
... s
... IV,
... 3-'
... 1
. . . 3,
. . 2".
11
inn
m'i
in
i'
30
17
71
r.2i
B2
72V
Vi
(J)H
ni'j
r..
r'S
-Si
4-.
ni
1
:i .
Tho persistant biding of Cambria. Steel,
which hna been n. fenturn of the trading
In 1'hlladolphla this week, was again In
evidence today, the quotation crossing 78
despite a fnlrly liberal amount of liquida
tion around that figure. James A. Camp
bell, president of the Voungstown Sheet
and Tube Company, who conferred with
Standard OH bankers and others yester
day In regard to tho proposed Btcel
merger, said this morning that tho mat
ter Is still In nn Indefinite stage
He nevertheless signified his belief that,
while only about 7S per cent, of tho stock
holders of the Yonngstown Company hnd
ngreed to give nn option on their shares,
virtually all would probably give their
consent In time. Ilo also continued the
statement mado bv Iacknwanna steel In
terests thnt no definite cltcr hnd yel been
made to thnt concern,
Tho latest report hns II that tho J. O
Hrlll Company may he taken Into the
Cambria deal, nnd rumors were ngaln
current thnt tho Cramp or somo other
shipbuilding plant would bo Included,
llrlll shares fell four points todav
Mjstcry still surrounds tho exnet status
nnd attlludo of William II. Donner In all
these doings Somo assert that the presi
dent of the Cambria Steel Company Is
holding aloof from the proposed combina
tion nnd thai, so far, he has refused to
give an option on his supposedly extensive
holdings of tho stock. Others aver that
Mr. Donner has been quietly liquidating
his shares In tho open market, and lht 1
Is no longer a large owner of rZff U
Tho rights on Yonnntown Tub. &.
were quoted around M bid today ?l
nono offering under 17. it 1, ".h
the new UgO.00O.000 corporation Is C"
become a fact In February Advices l!?
New York were lo the effect that L.VJ?
wanna Steel stockholders want i
share for their stock If tho comi!... rtf
to go Into the Cambria mergTV
suggested price hns been 80 "
nuffalo and Susquehanna common ....
made a new high record on Chann
morning, advancing about iivS Ti'V'
Tho preferred was not so buojV,01,
nevertheless held firm It Is sal, lSt tEI
company Is now showing about ji.!
cent, earned on the common stock
Tho commercial paper market 'in in.
city hns been growing slesdlly ir.
In the last few days and note broW,",'"
not offering much paper now Rimini,
per cent. In fact. 3'i per cent Is
Ing rate running Into next lear and ,
era! largo banks are reported to fil,
withdrawn from the market it 1. ..;!
they will not consider taking any p,
under 4 per cent. Most of tho liciiT
stltutlons nro still malntnlnlng thcle Z.
serves nt 15 per cent or above desnlto Ik.
new law which permits them to To .
low as IS per cent . and this his at,,
dency tp produce a falrlv firm rnon,r
market here, despite the much lower till
rates prevailing Jn New York The 7,
cent Increase In demand for funds hlZ
business establishments Is largely ff
cause of the, need of meeting oblige
falling duo tho llrst of tho jenr.
PHILADELPHIA MARKETS
LONDON STOCK MARKET
10.' tl IIP j
ii'j mi im
r,) :,)', r.si
1134 US 112
r,M HH 11U
I.VI 1.1' i
nr.'s :w.
10'
in
rsM
112
mi
up j
IU! 110' 1 n()i,
31 Si 81
nui ivm iii'j
111)15 nan 110'
mi 11.4 11S7
2l'f 21 2Il,
M'S MPi hi1.
Sfi'l M'i 6l'l
fnlted Clgir Mfrs pf 1U0
. -lllij
. .IT.
..Ill
. Nl
. (.Vi
.120
.. ll,
. SI'S
. mn
l.'i l.Vj l.'.'a IJVj
II) I'l II) 10
1S04 1S2 'S2 S2
. li-' C,--U ll." (,,
.145 ll. 11.1 in
.KKPf 1014 KlilH ltn),
2,5' i 22'f 2'i 224
10Si lC'I'i iflS's lOhl.
. (n 57li f.7U S?i
229)4 2.t:i S.Wt 2,1d4
. u"4 m'i W)' WIS
l.'IO'f i:i7V,
fntal sales, $l.H1,i)i), i.imiii imi
S3, 110,(100 lust f.itiirilnji lids mik, S.'l.ls..
CIOUJ last wrrl,, i7,31J,IM)D.
NEW YORK RANK STATEMENT
Sharp Reduction in Reserves Loans
LarKely Inereasetl
NEW YORK, Dec. IS. The weekly
statement of tho Clearing House nanus
bhovved 11 drop of more than JJO.Ofrl.OOO In
actual reserves, whilo loans enpandcd
more than IiS.tOi.000.
Deposits Increased moderately. Details
follow :
Clearing House members Average
loans. Increase. JM,tH0fo. deposits, in
crease. U3.KJ7.OflO: tlmo deposits, Increase,
12.151,000. reserves, decrease, H,25J,;)il
Clearing Houo members Actual loans.
Increase, ?Aif6 0iO, denosiu, increase.
J?,'ll0,0CO, tlmo deposits, decrease, 1 121,000;
reserves, decrease, $J0,M7,S10
United I-rult.
U. h Ind Alcotiol . .
t'. b Cal 1 ! .1 P
Inltisl Itji. Invest ..
with 1 baited Hy lnv pf .
I u. a Kut.her
V is. Ituliber 1st pf .
V b hteel . .
b. h hteel pf
L tab l opper
Va-Csro Chi-m
V4 Iron. Coal A C .
I Wabash Ml
, Uakuh pf A, m I
1 WaUisii pf It, w 1 .
West U .v. M . . .
Vetern tnlon Tel .
Wheel . UUu Erie
Wu OverUnd .. ..
I ttllljs Overland pf .
Wisconsin fi-mril ..
WuoiMortb, b W Co
no
ID'.l'i
110"
I2l'f 1-'.V 1.M
i.i4 n;
luu'f l()')'-
H-j's IWi
21
2,'t
IIS 104
fUV, 514
21
21'
I
HI1 (
:1s 4
M'i
124 '
24
2JI,
40'.
S4'
10S4 lOMi UMi 10SC,
.S54
nr.v,
764
IS't
CO
10
Ift'i
2S(
Ch'X
b.S4
14
yr,'i
1104
7!)
10' t
(il'i
IV.
I0'
.'S4
(.!)
fcSl
1H
23')j 241
S'Af
1104
7h4
45'.
Ol'i
1.V,
If)'.
-v
bS't
44
240
s.l'b
1104
7U
IIP 1
Ifl'i
15',
I.V.
.'s4
bb'
bb'j
l)i
!41
than C2l.ri0.0'i) funics
n nltiigcther exaggcrateil attention Is
nelng paid to the rise In prices, jsperlallv
of food and combustibles. T'rlces have
risen nn doubt, but tho rise is not i-ees-sdve
considering that the nntlon Is at war,
Willi consequent limitations to the supplv
of freight nnd .1 tdinitnge of labor. An
hoiv, prices are less high than some jeirs
ago In time of peace. Tho ilo In coal has
caused the proposal of lcnicilles which aro
rlhk, if not dangerous Thus, it Is sug
gested that tin- State undertnke a coal
selling monopoly on the same line as
its grain monopoly. I'mmotera of the
scheme appear not to realize how cum
brous and Impracticable It is Unless this
pn.poi.il succeeds, which appears un
hid lv. there might be ,tn opportunity for
American eporters to put coal on the
French market. Hitherto, their efforts
have hem tin ivnlllng but France un
doubtedly neids a largo quantity of
foreign coal, anil It is possible that
America might compete favorably
Hngland.
with
OXK-FOI'UTII OF WORLD'S
(JOIiIl NOW IX THE U. S
Feeling More Cheerful Gilt-cdBe Is
sues Firm
LONDON", Dec IS A more cheerful
feeling with regard to American securi
ties w is In evidence on the Stock Ux
change todav Canadian Pacific iccelvcd
support because of continued good earn
ings. The home rnllwn group was tlrm
and South American rails displayed
steadiness Gilt-edged issues also showed
Dimness The tone of Itusslans was good,
following tho success of tho l.OOOfOO.On
rubles 54 per cent. International loan nnd
soundness of tho new revenue proposals.
Fails bujlng caused a rally In Spanish
dfhcrlptlons Shipping Issues were irreg- j
ular. Mines and oils weio dull Shells
showed stability on tho dividend nn-nouncements.
1114 111U 11IH IUH
40 ;iai auji :).
US 118)i lib 11s
Tulnl sales, 1 On, .100 sliurrs, imnpnrril 11III1
SDI.imo elmris last batiinlii) ; this nrek,
3,H3l.9Q'l shuns; Inst 111 el., .l,3H0,am shuns.
Financial Briefs
CLEARINGS UP JL0 PER CEN'I
Spot Houses and Wall Street Were
the Duyers
NEW YOHK. Dec. IS Cotton opened
firmer, at an advance of 2 to 10 points.
this morning, with the demand good The
selling was small Spot houses and Wall
street bought After the call the Inquir
ies continued and further improvement of
9 to 10 points was noted There was
talk of bu)!ng orders from spinners, to
be executed on a downward scale.
The market was well maintained
throughout the brief session and the
close was strong, 10 to 20 points above
last night.
Ycat clone. Open High. Low.
January .,,,1171 11.77 11 U) 1177
liM 1.' 41
12 13 12 M
12.1U f4.M
12 05
March 12.00
ifay 24
July 1235
October ... .,12-lu
pot .ll.Ui
12 07
l.'as
12.43
lilli
Close
11
12 15
12.41
12 55
12.20
12 03
Liverpool Cotton
M-VEtlPOOU Die. IS. Cotton
l..m ,SAflASS ntrtd tJ
i:
fluUt, vrtc4 easier &4l, UMQ
1IU BV
. 10). UMM.
A m d r it n
ui as u psk 4v. 4is oui vsat
...,.b. 1 t .-.. ai ...Ik. IkiKJl
I. ... ...In . (kill lAlfurae r H Lai lumljru-
Vabllarr 7 20J. War. h-Atirll T'jOd.. itaj
Juue. T 14J July-AuKum 7 07V44 . Octbr-
mfdilHoK, fair 8 Jld auoJ mlJdllpK. T 7 6J ,
tnliUtliuc 7 HiJ law nilildlijil. I4.M4 , mmi
or tiury C-Vi aminary U 23d.
COTTON
Ta atallatlesl ioltloa of cut ton U
w.
folr
Vislbt iu!,uly
Of wbtea.Ajiwr.
TUt a abrlit Dp,
urmbr 17
TUI'it Uilsiik Lait vear.
9.IUU3 .1 1-Wi.Iia 5.415.523
1 &ui a?n 1 us Tin j .irrifk
tt.4S091 U1MH.440 0.13 U31
BAR SILVER
Increase of Philadelphia in Last Week
Was 53,7 Per Cent.
Dank clearings of the country continue
to expand week after week The in.
crease this week was 51.W3.'J'J7 2"j5, 01 St 8
per cent . the total being !I,W3,7U7,13I.
Details follow.
MI'S ton pr.
is, n
W1 1
I'hlUiIelnhla . rut 11 VI 01 1 1"S lies J- . vi -t
lialttmura . . 4iUliS.4 2T 75SUII ritrt.2
Chicago ... 301.115 -.si 2.VI.4U-) l5 T;l,,j
Ft. tJlul Sl.4i,,(l54 flT.-isi.7lil 21 1
New urleans. 2h.4.'l JST fO.7ia.Tn .17 0
Vew York . 12 't'l. 7lil.-.:0Jl t(si, tti Ka.1
liosion iVviints 12I.7H bss
Eevtn cltlea,
Vi da a
Other iltlcs.
5 days
n.2l3.KH 117 lt.02J.Tl3 128 407 0
ftS3.49S.OI3 5M.i;.2ST K1.I
Total all cltlu.
'. d.n . ..B.WO.002.S 10 12.4 5 1.133.411 57.2
All cltlu,
I day . . 72B.104.Ota 310.fiH.7SI 42.0
Total all cltlea
(or uetlc.. 14 625.70T.41l S.'.031..17a 31 6
Local Reserve Rank Statement
The condition ol the Kadrra) Itciwrve lank pt
!'hl!ailpBU at the close ol bulnaf I 'tt untie
17 compare as follow:
HESOU'RCESi
fjac IT.
Gol.l coir, oni ccrtlrlcatu
la mull . .I10.2I0.1UT
CoU lettlaawnt fund tal-
an:e . ... 11,127000
Oolil radvtni tkm fund,.
l-cal niuJsr note, til-
i, etc 2..vs;t.iii
Totnl reaurte
rooimarclal iFer
Panic acoi4ancft
Dec, IP,
J7.OU.9JQ
0,747.610
UT.uoiJ
7AI.'.'U
li.WMW 18,T5.13l
111
2SJI
it
131 MU
Mu1.332
Total Ul'j oUcoumeil
au.1 Umjkoc . . 1J.7W.1IO
I'nlltsl state UmU , . l.u7$.2iT
Mbsliljul uarram .'.ir.',4S
ToUl laiMtwwuta .. ll.uii.TM
uue ircica iMiurr auaai
rcwv Uanka utl
Federal itmrtj notet on
tkilht
Nat at uailoaal twain,
aaj utar Fctj1 re
lent LanVa
AH itvc rtMibrce
RUM. 132
l.7;i.3l7
i.5M.ja
!.ol,Slll
m.ovi
u.-.m
2W)
b.UO.dtil
2W,s
67.4sO
1W313
Total resourcn 29 2u4 0li 2wt22,lul
1 UAUII tTU S
l I'nrlEil tall In V i.l 1 t y- " M t. 11
The Eiobs (urnh)Ks of 3S railroads for
tin- 11 rut week In December Increased
t3.18;',06.
JIUlillo West steel producers ndvautcil
the minimum price on bars, plates and
shapes to H W per 10O pounds
Ttenowed wire trouble between lieie nnd
New yorK hampered tho tradlnK on the
local exchange.
The N'ow Vork banks lost !0,0CO to tho
Subtrcisury yeeteuiay
t'harles D Hartley & 'o. and Jlont
Bomery, Clothier S. Co. have secured an
Interest In the White Company, of Cleve
land, ono of tho oldest automobile manu
facturing Hrms In tho I'nlteil States
Stock of the prosent corporation will be
acquired b an Ohio company capitalized
at IW.ion.tj00 The reorganized board of
directors will Include representatives of
the new interests. Windsor T. White
will continue as president.
Commercial failures In tho Unite!
States for the wcvK wero 3S1, against 37:
last week, 2CI the pitcedlu? week and Hi
the correfepondlnu week last jear.
NEW YORK COFFEE MARKET
NKW VOItK. le ls.-Prko chanm in the
nurkct for conTec future tola) urre omewhat
IrrvvuUr. Trailuut cuntinucl oil a tnull mala
to tl.e (.luc yuoiauom loiiou.
Deceinler ...
Jjiuiar
IMwujry
ilarcti
A(srll . . .
If 8) . .
Jujw .. . .
Jul
Aauat ....
igeiHiiul er
O10W1 . ..
BM. ,
Total aula.
Tuuay'a
opcum?
.'! aw5e.Tt
H.SI
. IJN
11.wMt1.ni;
. 'HIS
WHO baga.
Toddy' Vcster.lay'a
c ioc 1 loae
0.i..-Ji:ti ijj
11.fi7S1I.iiu
II liiMCbil
USffl Ii. IJ
0 70430.71
I1.7S411..7I
li.77fcli.7S
11. sift ll IS I
ll.MiaiLKI
atSMSb2 U.6fllD.'
atMieua
0llsjU70
UTIfle.7-1
iih'liiOK:
SclliiiK of More European-held Amer
ican Securities Will Help Dollar
Exchange
WASHINGTON". Dec IS The United
States has irraduully acquired more thnn
one-fourth of the world's supply of monev
irold If Uurnpo flnallv his to sell to
America the $5,000,000,000 of American
sicuritlis vvlilch she still holds, the
United States will have none n Ions way
toward establlshinR n dollar exchange.
These facts wero outlined today by
Hubert W Woolley, Director of tho Mint,
In tnklnir Issue with the prediction of Sir
OeorKe 1'alsh, the llritlsh economist, nnd
that thero was dancer In the accumula
tion of cold In America
"Sir ricorBo Is only one of many who
have predicted an era of wild specula- (
tion It the accumulation of gold here l
continues Ions at the present rate,"
Woollev said. "It is easily conceivable
that the assembling too much of the
world's standard of value In any uue
country would lead to a general, poa
slbly sensational ilso In prices, but
not all aurce this country is near the
danger line. It's true, however, that
the Raid now in Uncle Sam's vaults will
be ample for all purpose), for a long tlmo
to come We've experienced n great ex
pansion of ctedits but our national
wealth has also Increased enormously,
as have uur bank clearings and the ve
locity of cli dilation "
"How much gold have we now?" Mr.
Woolley was aked.
"On December I, Including coin In cir
culation and bullion unci coin in the
Treasury, theio was 52,200.687,517 an In
ciease of J3TO.tiOD.2l3 over Jul) 1, 1911, be
fore the war began.
"It Is estimated the total stock of the
world's money gold is about J3,0i"i0,0i,r)0.
The United States now holds slightly more
than one-fouith This seems fabulous,
but when one 1 outsider;) our national
wealth Is estimated at one-fourth thut of
the woild, the accumulation Isn't so
startling Financiers predict we are In
splendid shape to abtorh the 15,00,000,000
of American securities which Kuiope still
holds and which they, with Sir (leorge
1'alsh, predict will be returned to us"
Atrhlynu . ...
llaltlmnre A Ohio . .
I'liruiillnii l'ncltlc
t'hs & Ohio ... .
Chlini:ii flrcat Went . ..
riiiciiao m .v st r
licmer .1 II l
i:rli
.In 1st 1 rcf ,
Illinois iVntrni ... .
I .mi N & Xualnllle
Mn IC A. T
Nw Vorli Central . .
Norf Western .
Ne York Ont & West.
1'pniiKilianl 1
He uiing .. . .
.Smith It.illiMi) . . . .
smith I'Jiclflr
l'nlon Pat.lne
rnlteil .stnlis Steel
I11 reie. l.ccrease
Intlon X.Y
12 "o p ni. equti
lite,
. OTiJ
. . , 0115
. l".
.. . ;ii
. . ii'i
n'l
. . .w,
.. 112V,
...1.1.115
. 7.
.. Ill llH'J
-,i j...,.
IY!',
i7si; - ',
U' - K
I'l'i
1 1
41',
il
inov,
12H
1
':
ii
. niTt;
sv
21
.list
.145
si':
.-"4
Ml
22
IISI
no.
r
-n
NEW YORK BUTTER AND EGGS
Vi:V VOIIK. Dee. IS - lICTTHIt-Market .
nil ml a,. 111111. (.(-fiiii, .sfc. li.UK.'CIH
l.xtru l'!'i . Iilclier scorliiK. I7r.7''i Mute
l.ilri 12i tic linltHtlnn crejinerv. 23)2lc
llrtiiS-Market weik Itenlpts, tl.'KI pack.
iikih i:ntra tlrttH, .inli.'txi . Ilrsts, aifi.tv.,
llMrhl whites MljiVIc mlxeil color, anfrillc ,
rerrlirerator tlrt. 211)21.. nearby browns,
4()i,4tc
GRAIN AND FLOUR
WIJRAT Itecelpls. SVSM hiub Demand
'Z1!. "I.r,v BC,IY "ad the market mini stenilv
nt the lite ilerltnr Qimtntlons Cur tots, In
exiwrt eleiiitor. No t re,l iisit nml Ileesm.
I.er, tl.JcVfri 22 No southern re.1 1 lsir
J?lte.Vll:lTllliCle,' L l u"'m-ia"" ""
..t?lt:i'.I,','r'," 4,-in l'""b There was lit
tie tmrllne nml wires .lecllncl He orrerlncs
were mrslcrnte hut ample CJiiotntlcitis: Car
lots fnr locnl Irnilc. ns to Incntlon OM Went,
em No. 2 tellon Mi',fRUie . i1 1 Western
steamer Jellow, 7nMiwv,e,, old Western No
,1 jelloiv. .S'l?!.., new cob. per 70 lbs
I.Hftilllc.
OVTS. rteeelnta, 17.471 hush Tim market
was unlet nml He loner with ample offerlnKs
guntiitloiis No : white lsi'oU)c. standard
white l7fl-l7Uc ; No .1 white. 4irfiHUe , Nn
4 white, 4411 lie : rnniptn onts, 42fi4.1c. purl-
11 'I uiu, HlU'inii ll'HI'i'
t'I)t'It.-Itecfipts. IP.IO libls nnd 1.471,04.1
Ps In wicks. There was llttto truilliiB and the
mnrl.et was Inryrly nnmln.il Quotations per
It'll lbs In nnrsl Winter, clear J.I lvin 41) ilo,
str.ilKht JI'OIIV 7.1 ilo , patent J', snail 10,
Knnsis, cleir. Juto sacks J 1.1. "US 13, do,
sllnlitlit Jute sacks, "40nirn ,n intent,
Juto sirks, ii.n.'i hit. sprint; nrst. cjeir.
'iS"1.ni, ito strnlKht. 1 -,of(.1 71. ito ,
patent. J", TRIM 10. ilo, mvnrltc brands Jil.20
Jill 10. cits mils choice and r.incy 1 .itrnt,
Jf..2Ufiil 40 elt mills, rcirular crxles VVtnter,
ilenr J.. I.Vi". 4ti. ilo.. atralsht. S3 SufiA 75, ilo.,
patent. J, smin.10.
. IIYI7 ri.Dl'Il was nulet. hut stei.W under
IlKht offerlnas. We quote at J5 20ijJ.V per
btil. aa to quality.
PROVISIONS
Trn mnrkrt nn llrm, with n fnlr JoMdnj; rtr
miiinl (JiiotHtlons Clt t'trf. In retft, rmolced
nni, ulr-tlrif l. 1MU-.V., estfrn lf. in tctn,
mrt)rn.1 'tJIJO, ultii tiof bun, .!. j n..l avi.
;"' ii 1 i, 1 iirr.,, niiin niio Him nil-
fieri, iinnlM nnri Klrf1rlfij '.'it'll .'7c pr rn
ter, hnurHto and tondcrri. stnnkrd "irft2i .
rrt hamff. J2Sfno rork. famlh. KJ WUill,
Imrtirt. S I cured lonp l'ffl'.'ic . do ,
sklnnod, laoo. 1S'4i1S4C do , do omokod.
1 tSi in4o , ntner ham ntnokod citv cured, nn
to brand nnd uterjiRp lu'-flir . hnmn
cmokrd Wivtern rured. 1l('x'ti17t do, bollrd
tnnthni UJt. t inili a.inul(rF. S V, cured,
Ioojt. l.'o , do, smoked, 1U , bellies. In pickle,
according to ncrnice, looe. nwi IV , brenk
fat bimn ni to brand nnd uAeriKP, city
eured 17lSc , breakfnM bacon. rutrrn
cured. ItffrISc ; Unl. Western rel.no I. In
tierce. lOt&c do., di , in tuba lo4c.: lard,
puro tlty. Kettle rendered. In tierces, 10c :
lard, turo clt kettle rendered. In tubs. 10c.
REFINED SUGARS
Trade una bIoh. nnd the market ruled weak.
Hottnen t prltea Kxtrn rtne ernnulated,
I'V , itandnnl cranutated, im? . tontared,
0 ov , i-onfcttlcncra' A, 5 Sue, soft Brndes,
5 iryr..;ric.
DAIRY PRODUCTS
nt'TTni! Wholenalo trndc ah umal on the
taftt day of tho v,crk wan n.ulM hut offerlnRi
uerp Hrht nml the market ruled Arm. Cjuotu
tlonii Western. Bolld-r.icked creamery lnnc,
HueclaJx, :iKr. extra. :t'o. rxtra llrntn. t2fi Lit ,
nrM 304MIc; aecondH li(Wl?.i neirbv prlntM,
rnniv, .Inc. do., hmthko extriM Hr IS , do
Mr!, liHi.lli dn nttontlt :m-.' . Jolddnjc
wile of fnny prints. -fJlilV.
KtiOS Fine new-lnld ckch uere ccarco and
firm under a. fRlrlv ncthe deman I t quote
I'reo ciiHet. neirbi cxtniP -41k ier doz ,
flrtn 1110 tier pinndinl cnc nearby cur
rent retelptn $l0,r) jpp Rse Western extra
Hrslr. 111. In per iane llrit Jlo,,") tor tnni',
rcfrlKCr.itor pitch, fanes $.( per cbhp. do ,
flrntH. 5T '-O pr cane, do, Keiondn fM. tofftt iv
1 er cane, do., In'erlor lot. lower, fanev
polocted randled eKK were Jobbing at 42V
4f, jut doz
OIIKFRB The market ruled firm under
pmntl nuppllefl. but demand naa only moderate
Quotation follow Nu York full- ream
fancy, held. liniTtC , MfHala" hlKber
do. fair to Rood, held. UiVilit.. do. pirl
aklms, urillc
POULTRY
JIU:.S.SI I Trnde huh ulM, but offttlnKH
nf ilni JcHlr.ble-Nlzcd Hlcak were llht and tho
market ruled Unit rnlNmlUK are tho iiiotH
tloni Frcfh-kllled, dry-jut kf d turke, near
bv, fancy, -c. , do., do, irood to iholcc, itT
"4c : ilo,, Ui'Jtern, fant, ilic, dft., do, Rood
to rliolre, VJitIc.; do fair, V.i.Ilc,, do., ntd
tom. Sic, do., culU and No. '2, liVft-Oc.,
fowls 12 tn box. dry.pleke.l and dry.ftirV
fancy ejected, iHc., wclihlmr 4Ufif i&
yclRhlncl4 lbs apiece, lflic.f wt Jhfei
r.V.i..i ",'-- "'" . ?'" wrianinr 4nx ivj
nrnri.i iniiev nroners Z2iK2lc VN estrrn SrSV.
ern Illinois chickens rine, ellow. ieuhlr,
L.!l''-RI'K."'":. J? ''.' northern llffl
northern IJUnols. f.incj'. e hlr :S'fllU,lj!
In hhls l,1Hli,c. other w'esten, J ll i!j
pier In hoxes. I7lsc , other V eitern. iilii.
HKhlriir lY to IS Ih'a per ',io. .TlWajT 10
white, nelchlnirn to 10 lbs per iloi . Jlfli m"
hte. weiahlnB 8 Ins. per ,lot Vllwi H;
unite wrlslilne 7 Ihs. ist .loz JJ 'w, wviT!'
r,'lhln;.iili4 11... per ilji.fiesa ifij
tl.i.rfii'2.. sinnll nml No. 2. Jtfll in, ' v
'.IVi; -Tlie mnrket. wn. nulet, nit iiuJr.
Orrerlnss Mere hirseli or more or mt nl.
tractile stoik (Jiiotntlons 1 onls, ns to m,
una qunllti 121I1U , exieptlniml lots hither,
roosters liifllli, sprltnt chlikrns accnrolM
to iiuiillti, 12ilc excepttonal lots hliher:
tiirkeis. IsQjoe , ducks, na tn size anJ qiu
lt, I IMIii Kie.e lltilis- uuhieim. tiw.
uelchliiR- 2 Ihs ana ner apiece per pair Mc
'iJl. nelehlin; 114 Ihs apiece, per pair, ',a
rsie nelRhlnR 1 II. apiece, per pnlr, 5nc.r
Kulnene old, per pair, wfc , pigeons, nM. rst
pair. 22122.1c . ilo. jounK, per pair. 15ji0c.
FRESH FRUITS
The general market was quiet and without
Importnnt i lianKe Quotntlons Applci. ptr
hhl Jonathan. rnc J 1 .wrrl ilo. rlr U
cood. B Nnl I Mi Intnsli, J.IH4, Smokehoui.
Jttr 1 hi, Drlmes' riniilcn J2 7111 in Ninette,
J2 7"i1..hi. tlreenlne, J.' 7.WI V) ltaUsln.
J2 71i!in nin k Tniir kkkiisi York lm.
perlal, J21I.1 2.1, Tiieiiti -ounrc J2f1 I'loclo.
till I Hen Dm Is Jl 7 In 2 Kl other Vartftlei.
Jl Ofl2 'si No '.'. $1(11 2.1 Apples. In bulk.
pir iri Ihs. "il'itiJl Kl Apples. VVeetern rr
Imx. Jl .Km.' Kl I'eirs jer Mil SheMon II
Oil Ileurre il Vnlou J2..1C(i t Kl Orantrt
riorlil.i 1 er crate Jl ,"1J . TaiiKcrlnes Flnr
I la, 11 r strii" Jlfl I ,V) firatefrult KlorlJt.
per cr.ne J2W1 Lemons per hoi JliIVV
I'lnespples. per crate I'orto Itleo Willi.
franberrles. Cape toil tier bhl , JtifflO, do.
fnpe Lol. pir crate, JJ..10W1. ilo. Jtrer. tv
crato. J-'.252 71.
VEGETABLES
Demaml na only mrslerate. but aluti wr
stenillb helil Qilntnllnns VV hlte tiotatMi, m J
I usn 1 lioice I'll'iiei. I"ir 10 booh e.i"we.,
uh'te iiotatoes, Jersej. per Insket Vo. I n?,
VlH.llc No 1 other -irietlce ,'.0)Mc . No. :,
21)30c , sweet fiotntocs Jersr, per haiktt
.N"n 1, 401iK)i , No 2 l,1fll".c sweet pntstMi.
Vlrslnln. per Mil . Jl .'.Ofil 71 onions tier 100
II.. I.IK Nn 1, Jl 7.111 hi No 2, Nltl7V . Clb
Iwge. Danish, prr ton. J8fI) do dome'tlc. per
ton Jllil, ctlcri. Neil Vi.rk. pir hunch. 1J9
40c, splnnch. Nnrlolk per hhl Hlfiite . let
tuce. Flnrlili, per basket IJ..VI'iin ilo, XortH
Carolina, per Insket. 71e tfijl .Ml beam Flor
14a. per bisket. Jl foil II H). pe.is, Klorda lr
basket, J2fil, CEgpl-int. I'lorldi. in r crate, J2.U
U-'T.I, mushrooms, per 4-lh haAct J11IM
LIVE STOCK QUOTATIONS
r'illi""AriO, Dei is -linns iteielrt..
fiOO, market r. to 10c higher mixed an I butek
er JH.10f?il70j Bond himv Jil.4lvflil.7V, rourt
hen. JiUOfliiai: IlKht. J5 S5fH.50 lfi. 13
SSI, hulk. $il.2.'.'rill.1.
rATrr.i:. Itoeelpts WO; nnrket tlnir;
beeies. J4 31flll21 comb an 1 heifer., 133?
R in. stock, r and eeders ?n 401(8 (10, Ttuu
JiLWHSJI, miles. JHMH10 21
f-IinRP -Ilecelpts aiHKI, market weak, ot
itic nml Western Jlfi7, lambs, Ji;.2.1fl0 00
Tax Free in Penniylvanta
Pcnna. R. R. Cons. 4'2s
nri: Afo. i, iduu
Particulars on nppllratlnn.
A. B. LEACH & CO.
115 South Fourth Street
HANK CLEARINGS
Hank ilcurltiKs todav compared ulth corr,.
poiidiuf: day last io scars
Kill Hill 11)11
Philadelphia JI2 M7 IIS Jjn!sl4ia JK).U.7,48V
New York 475.11 WT VUO.Msall .10.' S3,l)Ci
Rare Opportunity
200 shares of
GUI Villi Ul'K INSIHIM'K COMPANY
1IOV1K 1)11 III.'. I'Hll.ADKI.l'HIA.
OI-II.HS KM'lltK lll.OCK I OH
b.VI K, UK VVII I. DIVIDK 11) bl'IT
i.Ni:.sroi(
J1J.50 Per Share
Address Y 611, la-Uicer Crniral
ANNUAL MEETINGS
Norway Borrows $5,000,000
XKW YOKK. Dec 18 -The National
City lank lias arranged to lend Norway
ea.COa.000, payable in seven earu. Tha
Interest la 6 per cent
RATES FOR 3IONEV
fall
JSSi
Tim a.
11IK V1I!1.AIIKI.'1II NATIONAL HANK
i'blladelhla, December Jl. 1018.
The Annu.il Election for Directors will b
held at the lianklur llouso on Tuesday,
January 11, 1816, bctwten tb hour of IS
Noon uuil 1 I'. 31.
HOItACB fORTKBCUE. Cashier.
The Union Casualty Insurance Company is not a member
of the sO'Called
RATING AND INSPECTION BUREAU
Place your compensation insurance with a Philadelphia company, one
of the first to write this form of insurance in America.
Union Casualty Insurance Company
Union Casualty Building
Cell Phones:
Lombard 4056-4057
S. W. COR. 3D AND WALNUT STREETS
PHILADELPHIA, PA.
Keystone :
Main 107-108
IUKKt-lOKV OV ACCL'NTANTS
Cerllllrd 1'ukllc Accountants
L.WVHE' K E imOtt.V CO.
JB13 HE.U ESTATE TUt ST WIU31KQ
ULBN'S & SPKAKilaN
Vht liourta,
THIS Company maintains a dispensary at its Homo
Office, where unlimited medical and surgical atten
tion will be afforded injured employes of our as
sured. The $25.00 limit provided by law is insufficient.
We know from experience that this limit if adhered to
will oblige the assured to expend large sums for excess
medical attention. .Remember, that sixty per cent, of the
outlay under the Compensation Acts or" other States is
paid for medical attention,
Insure with a Company that will relieve you of this
excess expense, Your employes cannot afford to pay,
and it will be up to you to pay,
This Company is quoting rates based on its own in
spection and experience, subject to the approval of the
Insurance Commissioner; our experience goes back to
the inception of compensation insurance in this country.
This is an independent Company, organized under
the Laws of Pennsylvania. Its service is acknowledged
to be superior to that of any other Company. Companies
of other States or other Nations may serve you well, but
we can and will Berve you better.
We have always stood by the brokers and insuring
public of Pennsylvania, our Home State, and will con
tinue to do so.
i
i
Tin itWtf at 'Hit !: la l-onjsu 2't lcrxrvu .wojllk ret iiuiia 21 t)i 1U
r-n hh I lu jsn I aU vllitr iiai.ii'iUs 2:11, V 71s
1, V 1 -k iht urfaitoa ir vnuuer ll I
t-u iUir aJ'.ciu4 V to HU ccU. Toul UabMue i.'i'i,wl(J ?.MJ,VJ2,iai
thii i-tc ii
rsjaton
C'kitJIO
3hSt
, sas-
a-" Y "Tff" -" f--"1J1ittfe