sTrSwiS'lSwSflsiw'SwIiS'WB
EVENING LEDGER PHILADELPHIA, TUESDAY, DECEMBER 28, 101 5
12
FINANCIAL NEWS
STOCKS DECLINED IN WALL STREET
ON A GENERAL SELLING MOVEMENT
Texas and Pacific Weak Because of Application for a
Receiver Outlook for Railroads Good November
Earnings of St. Paul Will Be a Record
NEW YOUK. Dec. 28.
Ground that was gained by tho stock market In tho trading yesterday
was lost shortly after noon today, when there was a general selling move'
ment, which carried everything on tho list, with few exceptions, to prices
below tho final of yesterday. Thero was no other apparent reason for the decline
than pront-taklng, and sales of this character wero quite extensive In the
afternoon. During the morning session somo stocks were Btrong, Mexican
Petroleum, for Instance, moving to a new top, and New York Central also
reached the highest point It has sold since 1912. Texas and Pacific Railroad,
which was affected by tho application for a receiver and which was down
six points at the low. Tho market closed weak. Somo shares wero unchanged
from last night, but tho majority were below.
Instead of advancing on tho nnnonucement of nn Increased dividend and
higher prices for copper metal, Anconda sold off with the test of tho list, going
below the close of estorday long before 2 o'clock. No surprlso was occasioned
by tho Increased dividend, as It was In lino with general expectations. When
thero was talk threo months ngo of a larger disbursement on the stock, It was
Intimated In well-informed quarters that such action would possibly bo taken
at tho December meeting. The company, no doubt, has been making a hand
Bomo showing bo far as earnings nrc concerned, becauso of the high price ruling
for copper metal. Tho company Is sold for somo tlmo ahead, mid In addition has
taken a contract with Great Britain for moro than 135,000,000 pounds of tho red
metal to be delivered during 1916.
It must not bo overlooked that tho Anaconda Is spending an enormous
amount of money for additions and Improvements, which will sooner or later
result In larger earnings and will thus In tlmo reach the pockets of tho stock
holders. It Is known that the management wilt cnrr out all the plans adnnccd,
which can bo done easily under present conditions. AVhcn everything Is finally
disposed of tho Anaconda will have further Intrenched Its position as "tho
biggest copper mine."
Following tho publication yesterday of favorablo statements by the Union
Pacific, Atchison nnd Erlo Railroads, otllctals of all three roads today dcclnred
themselves sangulno over tho outlook and expressed confidence In tho rail
road situation as a whole. The Western ronds have not been ns quick to
recover from tho effects of the prolonged business depression ns many of
tho Eastern lines, Including tho Erie, New York Central, Baltimore nnd Ohio,
Pennsylvania, New Haven nnd others.
The Eastern roads have been favored with a largo amount of wnr-ordcr
business, which has swelled their recnues considerably In recent months.
Tho betterment shown on tho Western lines, however, railroad officials say.
Is duo moro largely to general improcment In commercial conditions. Reports
from all parts of tho country recently have Indicated an expansion In busi
ness. Bank clearings In tho various cities have been growing rnpldly, and tho
Indications aro for a contlnuanco of theso gratifying results.
It Is understood on good authority that the gross nnd net figures of the
Chicago, Milwaukee and St. Taul for November, to bo published Into this
aftornoon or tomorrow, will show tho largest Increases for any single month
In tho history of tho rond.
In the last day or two a fenturo of tho market for prime mercantile paper
has been tho buying by financial Institutions, presumably for "window dress
ing" for tho end-of-thc-yenr accounts. Tho market generally Is reported
moderatoly nctlvo at from 3 to 3 per cent., according to qunllty and length
of maturity.
Anaconda Dividend Increased
Tho Board of Directors of tho Annronda, Copper Company today dcplnred n
quarterly dividend of $1.B0 a share, piablo robruary 28 to stock of record
January 22. Threo months ngo a dividend of $1 was paid.
COTTON PRICES HIGHER;
BUYING WAS SCATTERED
Gains of 13 to 14 Points in Liverpool
Market
NEW YORK, Doc 28. A steady tono
was shown on the cotton market at tho
opening this morning and prices wore 2
to 6 points higher. Buying was fair and
came from scnttered sources, with Wall
street Interests and commission houses
offering After tho call, demand con
tinued sufficiently largo to absorb slightly
Increased pressure
Inquiries centred around tho March con
tract, being nttrlbuted to earning by
shorts In Wall street, whereas trade In
terests were buyers of the near months
against sales of tho later deliveries By
midday tho market was about 10 points
above Inst night
The Liverpool market reopened after
the extended holidays and showed gains
of 13 to 14 points, or slightly below ex
pectations. This, however, hud no In
fluence locallj
Practically all stations In the central
and western portions of the cotton belt
reported rainfall this morning Tempera
tures were lower In the north and north,
west.
The market became less nctlvc In the
afternoon, but maintained a gelrally
steady undertone Offerings wero limited
to scattered realizing rales. Heavy ar
rivals of llnters, about 7000 bales, at
tracted considerable attention It was
understood that most of this cotton was
consigned to a steamship line for ship
ment to Havre Total arrlvnls of cotton
at New York for the day were 15.570
bales. English advices state that trans-
portntlon difficulties nre one of tho most
perplexing problems at the moment. Ex
ports for the day aggregated 7450 bales,
against 27,670 bales a eai ago.
Yes, close Open 11 a.m. 1
m Z n nl.
January
l! in
HI 12.HI
LMrt 12 14
flaxen ...
May
July
August . .
October ..
November
Spot .... ,
1J.U
1275
12.48
li'is
12 17
l.'-lil
1." .T
li.'il)
l.'.4J !- r.
12 (H
1JIU
1J.7U
12 44
!- Itt
i-74
12.4H
12.30
NEW HIGH FOR STERLING
NEW YORK. Dec. 28 The foreign
exchange market opened dull and
somewhat Irrejular. Sterling displaced
strength rising :j .he high level of this
Immediate movement 4.73'i for demand
4.74Vi for cables, 4 63 for M-day bills, 4 67
for 90-day bills. Other quotations were
franc cables, 5.S3H; checks, SStVii
roubles, 76 11-16 and 76; lire cables, 6 57V4;
checks, 6E3; Swiss cables, 5 24, checks,
5.2JH; Vienna, 12 20013 23; Stockholm,
27 SO and 27.00, pesetas, 13 S3 and 1S.S6,
roubles, 31 and 31U. Htrength was dis
played by guilders at 43H and 4314 The
easier tendency in roubles brought out
discussion of the reports that munition
manufacturing concerns In this coun
try were being paid In Russian bonds.
The feature of the market around mid
day was an advance In sterling on moder
ate dealings to the high figure of this Im
mediate movement, J1.735j for demand and
JI.T1H for cables. Francs were a slight
shade easier, at J5 S3Vs for cables and
$5.84 for checks. Relchsmarks, 76 11-lCc
and 76c. Guilders continued strong at
449c for checks.
In the late dealings the market was
quiet, but without impairment of the
steady tone previously shown In sterling.
Final quotations were 4.73U and 4.73 5-16
for demand and 4.74Ai and 4.71 5-16 for
cables. Francs wero not eppreclably
changed at 6.83 for cables and 5.Sli for
checks. Relchsmarks were reported at
76 and 76 11-16.
BANK CLEARINGS
Bank cleaxlnjrs today compared with oorre-
Eonainx ur jmi xwo rear
13 IB
1913.
SQ &!, 71)3
an 4ii aai
S,7.n 015
18.372 183
SVl 277 S
gwu mm
471HW SSO
w.uoiio
RATES FOR MONEY
Call
Jail
m
Timn
Ne York
I'Dlladelpbl
KaiLon .
l
IE
3V4&4
3
CfciKO
3U&4
commercial tuner three to six months. PnlU
delBblJ. 3l&4 per cent.
Chevrolet Capital Increase
fOJOVER, Pel, Pec IS The Chevrolet
Motor Company of New York, has filed
artcea aero increasing its apitai siocs
from jayiuv iw to j uuu 'av j ne company
w.
Hi!
3i chartered septtc er Z3. wi
with
IJO tjs un and " 'viber 11 Increased
.? rav-.ifra. 1 rt -II 000 flrttl
,4,M . .!..
New York Bond Sales
Illch I.ou
Clno
Jiooo Amer Aer "
Lw Amer ( nt OH . .
SMinio Anglo y I. -,
I'mxi aiikt Smelt Sep On
l'i" Amor lei lt 4
ft'iKd Amor Tel ct 4M
liO Afmour Co 4.s
IS'io AUhliion Ken Js.. .
3.'on Atchison urtj 4
Bono Atchison c 4a 1IKV)
lTfno Aflilnon 5a
10m Att Knox .; c 4a
ut Unit X. olilo 1i4
1000 Hilt 4 Ohio 4a
jnv Halt & Ohio cv 14s,
1CH1 rvth Miel rfrt 3s
li
inj.
inn, ion.
IV V,
.,r
1$.
in
II IMirt.
IX
11".!,
107
lllJ
1U'
(HVj
107N
HI
HI
sill,
MrT
n.'j
107U 1(174 174
ini5 lniij ion;
. S7 S7 S7
. mi, in int.
int.. mi, mi!
mi: !.u Hiijj
im'i lot; ioi5
loon Hrnokln H T 1 1D1S lmiC lout, Han.
.-,immi Cil 11 i I 1 la 1174 U7V, ii7,
lii Ortit Ia ithor' lt lim'I 1""', 10(1'',
2-JTJin chill Copper 7 11IH 114 ill
inai tirnoKlyn 11 T
lll.t-1- 111.1 s IUi,
JlVM t'hes & Ohio cv 4VjS
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vn Chi i J.wn ecu 4a
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.lino Japanese l"j s
IIOiK) I.mk Stcol 3 1KMI H2T
form i.k shim ileb 4a, WJt IH'I
-Oix) Uorlllir.l ".s lOiHi
l'i) Ixiuls & Naiili 4a 0IU
M) lm Iet Co ila er Clls
7(1 .Minn U L 4i, . , .'.il
i'Oio lllnr 3t H S 3 II la. ai
L'(O0 Mo Pac ml 5a 1!)17 '"j
Lil Mo l'acino (Is .. , 1O0U
r,on Mont I'oucr fis .... m
72iH) V V C Ca ... Ill
t.000 N V C . 1! ",1,8 . cll
VHHI N Y r (c Hud 4a,. (W,
1100O N Y C &. Hud -ItU CM
.Mm) V Y City J'V 115-1 M
JOiO N i City 4 lli-S 0114
rJiX) N Y City 4V,a inrtO 1II1,
4"AKI N Y City i?a 10(.'S 107
rhfo N Y r lM,s Nn 1U37 lOl
'.7000 N Itwy mil 5s .".7'i
SVifrt N Y Tol Kun 4l, !!!
jnoo S'orf . Weat 4a . UIW
lu-iOil Vorf At Went cv 4s... VJ2
arxi,) Nor 1'ao rrlor 4s fcti.,
lono Nor l'ao iien la (JiiJ
l(if( Oro bhort L ret 4a .. t24
1() Pac Coaat 1st 5a . !!';
fi20K) I'aclflc fel 5a ... I1
5OO0O 1'enn iren ct 4Ha ... lWWi
7(i0 Heading Ren 4s 0
42001) Ren Ir & Ml 5a .... 0H
(Win Pouth l'ac 4a .. . Si
SKrtst South Pac cv 5a ....ion.
voipO Ttnn C 1st 5a .... Il
170Oi) Tol Peo A. IV 34s.... M
17r.) V S Bteel S . 101
1ViO I'nlon Pac lit 4s. ... H7H
Wa Union Pac rtd 4s ... (fi'I
(tono Un Hwa S F 4a 4'.U
4tio Va Car Chm 1st 5a. .lc.'H
2000 Va llwy As .. .. 0714
1(X -Wahash 21 5s ... W!
um Weil Md 1st 4' 7JV
lorn Wett Shore rett 4s .. f
&f0 Wlrcon Cent sen 4s . M!4
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COPPER AT 22 'z CENTS
Sellers of Metal Report an Increased
Demand
NEW YORK. Dec. 2S.-Followlng good
sales of electrolytic copper at 23 cents a
pound for domestic delivery, the price
has been advanced to 2J,i and 22W cents,
according to tonnages and deliveries de
sired. All the sellers of the copper re
port an increased demand, especially from
Europe, although the domestic consumers
are placing good-sized contracts Prac
tically all the buyers are asking for de
Uery In January and February, Indicat
ing that their suopllea are small That
there Is Insufficient red metal available to
fill the requirements of the two months
mentioned is stated by some of the best
trade authorities, who point out that
Bales made recently have been enormous
and have removed a considerable quan
tity of copper from the trade.
The sharp advances In the metal in
London- this morning caused Increased
confidence among the dealers. While
the upturns of more than 1 In the stand
ard market received considerable atten
tion. It was the sharp rise of f4 to 107
In the price for electrolytic that was
pointed to as evidence of the position on
the other side. Private cables rennrtort
f that the producers In London v, ere ask
ing 1 over the market price, or 108,
which la equivalent, at the presentsterling
exchange rate, to 22.40 cents a pound, with
freight charged and the war risk re
mote!. Orders 10,000 Tons of Rails
CHICAGO, Pec 23. An order for 10,00)
tons of standard section rails has been
niifed with the Illinois Steel Com Dan y
t by tne Chicago, and Eastern Illinois Ilall-
...nr.. .inmrvinv
.waif .vvJ
New York Stock Sdles
Lfltt close, lush. Low, Cloe.
AlmVi Juneau. ... 10 10 10 10
AmskaGoldXt 23 25 2ti 2
Alll-Chalmerj Mfc 32M 32M 31f 32
Allls-Chilm Mfft pf . So 85H 8J'f 84H
Am At Chcm pf 07W OSU OSJf 03K
Am n S & F cfs . 100 101 101 101
Am licet Siikw . . ml ?0 00 00
Am Ucct Sueat pf.... 01 01 01 03
Am Can . .. . 00'( OUf o05f GOJf
m Can pf lll'f 111H 11IH HIM
Am CUV 70 TO 7S'4 78S
Am C A K pf WH UTi 117lf H7'f
Am Coal Products. ..150 ISS'f 158 lrS
Am Cotton Oil .. 5." f5)S 51?f f.l'f
Am Hldo & Leather.. 11U IIH IV t ll'f
Am Hlilo &. I. pf 6li C2W fil't rl
Am Ire SccutltlM 20U 2fl'i 20Vi 20i
Am Unseed 21 22JJ 22'i 22'
Am Linseed pf .. ilH 42 12 12
Am Ixx-omotlvo . . . 704 70 00 00
Am Locomotive pf ...lOUf 10.2 Kll'fi 10U1
Am Smelt & lief )0j! 100 10.1!j 104
Am Fmclt A Kef pf...H2 112 111H llltfi
Am Smelten pf A .... 01U Ol'i 00li 01K
Am Sucir Itcflnlns . .I15' 113'f 11W Il5'f
Am Steel Koundilcs .. 0JH 02'i 0H Ol'i
Am Tel A lei . . .120 12W 120 120
Am Tobicco . 20S'i 20"'i 20.") 20 J
Am Tobacco pf new ..IOS'4 107'a 100?fi 100'
Am Woolen 47!$ 43 47j 471
Am Woolen tr r . . 47M 40 48!i 48)i
Am Woolen pf 07j 1)0 00 00
Am Zinc L A Smelt . . 004 "0'f OS'f 0St
Anicomla Copper m'i 01H SO fcO'f
Atcli T A a T 107J 103 107 107
Atch T & S F pf 1011 101Jf 101 101H
Atlantic Coin Lino ...114 113J 1131J 113't
Ihhlftln Loto . . 12D'f 121 1174 U'H
Ililtlmoro A' Ohio ... !) 03M 01f ill'i
Itiltlinoro A Ohio pf . 774 774 774 774
llatopllas Minim: .... .14 34 34 34
nethlohcm steel pf . 150 115 115 145
lirooklwi fnlon aas..l.1,J 1314 1314 1314
lltunslck Term 134 124 124 124
Ilurns IlrOT 834 874 b" 87
Unite A Superior 71H 714 004 70
Cal Petroleum 3,1 314 32 .124
Cal Petroleum pf 01 00 Ol 0-14
Canadian Pacific 181V, 181 1704 l'OH
Cent Leather Co. . . . 54 544 634 534
Cent Leather Co pf . .110 1004 1004 1004
Chenpeako A Ohio... (II 034 024 024
Chill Copper 214 244 214 214
Clilno ( oppcr 55 554 55 65
Chlraco (ireat West .. 154 164 15 15
Chi (It West pf . . . . 304 304 30 304
Chi Mil & St Paul . . 054' 004 95'. 05s
C M A St V pf ....112 1,124 132 1324
C C C A St L .. .60 I0!l 43 48
Chi II I A Pac . . 104 17 104 104
Colorado Fuel & I ...514 514 614 614
Computlnc Tab ltec . 48 1S4 484 44
Continental Can S" R"i 81 85
ConolldalL(l das 1454 1154 1144 1114
Corn Products Hef ... 104 Kh 10W 11)4
Corn Prod Htf pf .... 1124 024 024 025 i
Crucible Steel 744 714 734 734
Crueltiio Steel pf 111 1104 1104 1104
Cubin-Ain Sucar . .. 167 1574 13) 1574
Iletre A Co pf . . . 90 00 00 00
Dolaviari) A Hudson .1534 1514 1534 1514
Den A Wo Grande It 114 144 144
Den A dlo Otando pf. 204 254 25 25
Distillers Securities .. 184 10 474 174
Dome Mln.-s 20 2SJ,' 2S4 2S4
El Storauo Hat 00 00 CO 00
Hrlo 124 13 42 12
Krlo 1st pf 504' 67' i 604 504
Fed M In A Smelt pf.. 624 524 624 524
General F.lectrlc . .. .175 1714 1734 1734
General Motors 190 llll 401 401
General Motors pf ....1174 1104 1HH 1104
Goodrich II P Co ... . 754 704 75 754
Greene-Cananca 52 624 614 51W
Great Northern pf . ..1204 127 1204 1204
G N rfs for ore prop . 51 ."il1 504 504
GmjReiihclni Kioln ... 814 82 814 814
Illinois Cent 10S 108 1074 10S
Int Aurlcultural pf 00 01 1,0 00
Inter Con Corpn 214 214 214 214
Inter Con Cor pf 774 774 774 774
Inter-Met lot t c 214 214 214 2Bj
Int Han N J Ill 1114 110 110
Int Harv N J pf 1104 1104 1194 1104
Int Harv Corp S04 80 SO 80
Inlernitlonal Paper.... 124 124 124 124
Intcrnat Paper pf .... 504 604 404 194
Inspiration Copper 104 404 454 J54
Int M Met dp ....194 104 184 10
Int M M pf cf dp .... 75 764 7.14 7.14
Int Nickel 1054 100 195 107
KansT City Southern. 314 32H 314 314
Kansas City Co pf ... 034 014 014 044
lack Steel 824 814 814 814
Lako Krlo & West .... 15 10 15 10
Lake Trie A W pf 304 104 40 10
Lehlsh Vallej 814 824 814 814
Mackaj-Cos 804 70 70 70
Manhattan HI ctd . ..131 1304 1304 1304'
Maxw ell Motors ....704 704 75 75
Max Motors 1st pf .. 103 1034' 1024' 101
Max Motors 2d pf ... 504 574 554 554
May Dept stores 02 01 01 01
Maj Dept stores p.' . 100 101 101 101
Meucan Petroleum . .IDS 1104 1004 107
Mex Petroleum pf.... OS 994 904 004
M St P A S S M . ..11!) 1234 1234' 12JU
M St P AS S M 1 I. 744 77 -14 714
Miami Copper 314 35 314 314'
MlnnAStLpf 314 3)4 3"4 354
Mo Kan S. Teas .... 04 74 7 7
Mo Kan A Tex pf ... 154 104 104 104
MMouri Pacific 1 34 34 34
National lllscult pr . 127 1254 1254 1254
Nat Enamel Ah. ... 204 294 294 294
Nat Leid 054 054 05 05
Nil .ida Con Copper .. 184 104 104 104
New York Air Brake .130 1304 130 139
N Y N H A II 704 77.4 704 704
New Wk Central.... 1104 1104 100 109
N Y O A West 31 304 304 304
Norfolk Southern 25 25 25 21
Norfolk A Western . .1224 1224 1214 1214
North American '24 734 724 724
Northern Pacific 1174 118 P74 1174
Ontario SUM 94 04 04 04
Pacific Mall 114 114 114 114
Pennine 504 594 59 50
I'lili idelphh Co -llli 454 15 13
Peoples Gas Chi 1004 110 1094 110
Pittsbur.'h Coal 30 254 354 354
Plltsburch Coal pf ...IU 1104 1104 1104
Pressed Steel Car . . . 054 354 014 014
Pub S Corp N J 1194 117 117 117
Pullman Co 100 100 105 105
111 Steel Spb 454 154 44 41
Haj Con Copper 234 254 254 254
Iteadlnt; 824 834 814 814
Heading 1st pf 4211 42 42 42
itep Iron A Steel 50 504 544 514
Itep Iron A Steol pf..ll() 110 110 110
Itock Island Co . ... 4 4 4 H
Rock Island Co pf .. . H 4 4 4
bt Louis ASF. . . 54 54 54 54
St L A S F lit pf . .10 94 04 04
St h A S F2d pf .... 0 04 54 54
St Louis Southwest ... 20 20 20 20
Seaboard Air Una . . . 184 184 174 174
Seaboard Air L pf ..394 394 304 394
Sears Hoe & Co ....1SS 187 187 187
bloss-Shef S A I Co . . 044 514 034 034
Sloss-Shef S A I pf . 101 994 09 09M
So Porto It Sujar ....145 145 1414 1444
Southern Pacific 1034 1U14 1024 1024
(southern Ity 234 214 234 214
Southern Hy pf 034 03 02 02
Standard Mllllnz ... . 00 00 00 00
Standard Milling pf .. 85 814 814 814
btuder-aker Co 1074 J0S4 1004 1004
Studebaker Co pf ....113 1134 113 111
Tenn Copper 00 024 804 004
Texas Co 232 2324 229 229
Texas A Pacific 154 10 84 04
Third Avenue 004 004 CO CO
Under Typewriter pf.. 110 110 U0 110
baton lias & Paper . 8 84 84 8.4
United Cigar b torts . OH 04 94 94
United Dry Goods pf . 71 72W 724 724
Union Pacific . . .1394 1394 1384 1334
United Fruit 1194 1194 148 148
U B Ind Alcohol 13Q 130 1204 126M
U S Ind alcohol pf . .1014 1054 1054 1034
USCasUPAF ..214 204 244 20
US Ilsalty A Imp ... 404 394 394 39M
United Hys InTeot .. 204 21 21 21
United Hys Invest pf 39 38 38 38
U ri Hubber . . . . 554 554 554 554
U 8 Hubber 1st pf . . 1094 109H 109H 1094
US Steel . 89 89H 87M 874
US Steel pf 1104 1104 1104 1164
Utah Copper 814 814 804 bOH
Va-Caro Chera 494 194 48f 484
Va-Caro Chem pf 1134 111 Ul m
Va Iron Coal A Coke., 67 60 034 034
Wabash 164 164 164 164
WabasnpfA 484 40 45 45M
Wabash pf B 294 204 29 29
Western Union Tel..., 884 88fi 88H 834
West K AM ,..694 71 G8Jf 694
Western Maryland 32 32 32 32
Willys Overland 240 236 230 236
Willys Overland pf ...U24 112H 1124 112M
Wisconsin Central . ., 33H 38 38 33
Woolworta t' YY Co ..119 119 1184 1184
Woolworth pf . 123 122H 122H 122H
Quoted ex dividend.
Resumea Common Dividends
BOSTOW. Dee. 23. The Unltoct state Smelt
ing: HedalriiC and Mlnlns Cawp&sy baa ro
stimeil dividends oa t&e coaunoa stoUc by
deU&rlnx a , dlvland of 73 cents, payable
January 13 to stock ot record DoceoOcr ai?
Tke dividend wan deterred in SpUiuber. 11)14.
Tte Uat Ciymetit at a rata ( IU p,,' Ztatl
quarterly w iwide July 13. 1311 w "
STOCKS IRREGULAR
ON NEW YORK CURB
Trading Was Active Balti
more and Ohio 5s 'Ad
vanced a Fraction
NDW TOItK, D c 18 TIo market for
outsldo securities wns Irregular but nctlvo:
Kennecott sold from r.74 to B7H; Mldvale
Sleol from 791, to 73: Intercontinental
Hubber from 13 to 17, Poole nnRlneorlnB
nnd Mncblncry from 137 to 153; Unltlmoro
and Ohio Bs were moro active nt a frac
tional advance
Later prices developed nn easier tone.
Mldvalo reacted close to 73.
Anked
171.
Ill
J"
110
no
10
IV,
71)
8
mi
pi
s?
sit
is
;i
llraden Copper . :
llrltlth-Amcr Tobncco old .
nrltlBh-Amer Tobacco new.
: !?.'4
:if
'. 21S
... ll)'
,.. flit)
une. roict
tloldneld Ponol
ildntcd'
Menace, sirs; ... f
International Mnrlne . .
International Marine pfd
Kennecott Copper . .
I ehlih Valley Coal Sales
Ml
.MAfmiA copper
Mnrmtil
Mldvnlo Steel
N!rilA4lne
M
Otli i:iefttor ,
Otis Mcntor pM
Peerlefl ,
Penn Atnr Ord
Hlker-HeitemRn .. .....
merlin? (lum
Suhtnarln Hont
Tobacco lr.Uiet
Vnlterl Pront Shnrlnc new.
Uoild Film
Ulilto .Motor
ukon aold
m
pi
v
Financial Briefs
Tho White Motor Truck Company,
recently Incorporated, haa Increased Its
capital stock from $20 000 to flB,000,000.
Goorco D. Cortelyou. president ot the
Consolidated Oaa Compnny, said this
nftenioon thnt only routlno business was
traii-mctcd nt the meeting of tho Exccu
tUe Committee of tho company In New
York today Nothing out of the ordi
nary Is looked for at the regular mooting
of tho board of directors on Thursday.
m ,- t.it.. Vntlnt.nl Tlnnlr I n ItR
i lie i nmiviiii .... "
monthly dlgeit of trade conditions, san:
. .-.. 4..... k a Aerst n 1 rfriAirlA
T110 total oiumo ui vuiiiui-' v.. "i
tloim being recoided each day hns novcr
boforo been equaled, and, Instead of tho
usual lull or let-down In heavy lines, It
Is evident that tho present activity will
carry right through the holiday season
Labor conditions havo further Improved
dui Ing tho month nnd inanv strikes which
appeared serious hno been settled In
record time Jinny threatened strlkci
havo been acrted. nnd lnbor Is virtually
enjoying full employment, with a large
unmippllcd demand for labor at numerous
points The apparent Improvement In tho
Mexican situation lt being felt, partlcu
laily in the Southwest, nnd till country
Ih Indeed foitunito In being at pcaco with
tho world "
A New York Cotton Exchange seat hns
sold for 912.C0O. a decline of $250 from tho
lait previous sale
Tho Erie Itallrond Compiliy had hoped
to luwc Its new llnnnclng plan appro. cd
by tho Now York Public Scrvlco Com
mission l(j- Jnnu.iry 1, but ut tho olllco
of the commission, where tho applica
tion had not been iecricd up to noon
todn;.. It was said to bo a phslcal Im
possiblllt:, Tho Consolidated Ordnance Coinpsny, of
llmlngton, Del . Increased Its capital
Ptock f I om JVJOO to $'.000,OiO.
Tho New York Stock Exchango hns de
cided to announce in Its weekly bulletin
all dividends irported to It In dolHis and
fractions of dollars Instead of using tho
percentage basis heretofore In ogue.
Tho New York banks lost $:,S02.000 to
tho Subtrcasury yesterday and since laBl
Eridaj SJ.MO.O'O
The New York Stock Exchange has
stilcken from tho list S S Kresgo Com
pany common utock nnd Atlantic Coast
Lino Hallway Compnn M-jc.ir unllled
mortgage 4 per cent bonds, duo 1DJ0
Tho Listing Committee of the Now
York Cuib Market Association hns ruled
th-it on nnd niter Docembei 2J tho en
gin(d certiOcates of tho Can idlan Nat
iral Clus Corporation only will bo a good
delivery. Tho security transfer and reg
istrar company Is ready to cxihango tho
temporury certlllcntes for engined ones.
The Iteoignnlzntlon Committee of tho
Kansas CIt, Mexico and Orient Railway
Company, of which Lord Monson Is chnlr
man, gives notice thnt tho transfer books
for certificates of deposit will bo closed
for subscription purposes on January 10.
Instead of January C, thu (Into heretofore
llxed, and will icmnln closed until Jnnu
aiy 27, 1910
Crude Oil Price Clinngcs
SAN ntANCISCO, Dec. 2S Tho Stnnd
ii rd Oil Company of California ImH an
nounced an Inucnsu in prices and a
chnngo In the buying basis for crudo oil.
Tho new quotations follow. Snn Joaquin
Valley Fields, Kein HIit Midway, Sun
set McKlttrick lJ)t Hills, Hclrhlgo nnd
Coalings, 11 0. and iiuludlng 17.0 gravity,
13c a bbl ; 18 to and im hiding 18 a grnv
Ity, 44c. a bbl , and for eath increase In
gravity of one full degrto above IS grav
ity, 1 cent (i barrel additional, Venturo
County, JB to nnd including 25 9 gravity,
67 cents a barrel, and for each Increahe
In gravity of one full degreo above 25
gravity 1 cent a barrel additional , Wliit-tler-Fullerton
Field, 14 to and including
17 9 gravity, 4Sc. a bbl, IS to and in
cluding 18 9 gravity, 19c. a bbl., nnd for
each Increase In gravity of one full degreo
abovo IS gravity, 1 Lent a barrel addi
tional SHRnVEPOItT. La. Dec 28 Tho
Standard Oil Company of Louisiana to
day advanced the price of Caddo light and
Do Soto crude oil 10 cents u barrel, to
J1.20 and $1.10, respectively. No change
was made In the Crlchton Field prices or
heavy crude.
Rock Island Directors Win I'oint
NEW YOUK. Dec 2i In the case brought
by beaffrlit - Ampler, nho Here represented
b haniuel Unurmyer In an u, tlon brought
against the directors of the Hoik Island lor
$7 5110.000 Judae Pendleton or the faupremo
Luurt. has handed duwu a detUlon betting
aside the examination of the defendants l.foro
trill At .the tame time Judge, I'endleton
decided against the pUlnilifs in their uiuilun
to join the receiver Jacob M Dickinson as
& party defendant in the Btoiaholdcrs' action
rought by Mr. untermyer.
GOVERNMENT BONDS
. . Vltit Asked,
2s of 1010 reslstered uuu
Vs of 11)30 coupon , . ... DO
Panama, 2a registered ... US
itnanu .s 11! reaUtere. ... 3
lanama new la rwlstered, .. . 1014
Panama new s coupon ,. . WlYi
Ja of 1U18 reKltered, iotv,
it ot li-"S rexUtered luuVi 110U
it ct 125 coupon , ho ..
DIMDENDS
Ol'UCK Or 11IE C. II. OEIST COJU'.tNY
WNI) UlLfc I1L1IUINO
Philadelphia, l'a., December .'7. 1010.
The Directum of ltoauoke Ous I lght Com
pany have this day declared a regular quar
terly dividend of oue ami one-bull (IVs) ler
ceut. on the preferred stock of said Com
pany, payable December 31, 1915, to holders
of preferred stock of record at the close o(
business this day. Checks will be mailed.
C H. WEAK, becrelary.
ANNUAL MEETINGS
lTC2r TUB FAHMKKS AhU MUCIXAMCV
U NATIONAL UiMi
Philadelphia, Dec 21st. 1913.
The Annual Election for Dlrectom of this
Bank will be held at the DankioE House on
Wednesday, the 12th day of January. 1916.
between the hours or 11 a. in. and J p. in.
EDWAHD STOTESI1URY LEWIS.
Cashier.
1UB fUILAUEU'lUA NATIONAL 11NK
Philadelphia, December It, 1915.
The Annual Electiea (or DSrectore will be
held at the Basking House oa Tuesday.
January 11, 1910, betwtea the hour of li
Kaon und 1 1. M '
HORACE FORTESCUE. Cashier
Sates in Philadelphia
Yes clore.
Am nwy pref. 01V4
Itleh. Ixw.
014 IM
cioe,
nun fi o.pr i o ''.
r,s .!
II1 K'
'IK
100
ltai
loo
ISO
1MO
l.'O
ro
'In
am
ii
2T,'
1SH 1W
l
m
M
lmi
2nn
.
j)
1011
7310
10
Cam ?teel
71U
wnm iron
Cramn t e
lllee fltomire .
41
87
mi
nni
m
Mi !
141,
711.
nuni J, i prci .
nen APDh pref.
Hit
111
Keystone . .
Ijiko Sn . . .
Ih Nov .. .
Leh V'nlley. .
rtrt i r nrflf
14H 14'i
Plvio njS
lltJ
78l
in
,Si
m
no
i8 r,n
?5(5 ii,"s
122 122
IS'f,
5.1
00
Norf & west
Va Pteel pfd.,
Pi nlt Mtg
IVnna .
tit.,, rt.ut
PI14 Nl
no in
110 mil r.i'i
2S !Sl 2S
2lK SI7 Sl?7
"Jl'i Sl'l 21H
2S
mun imp xmn zu;
do t e . 21i
Phlla Trac . .. 70
Phlla Co pf 0 AV,
1'llts Coal pfd.llt
Itendinir ... W
Tonorili Itel . 4
Tonopnh Mining ''iii
Union Trio .. AVf
li n i M
U 8 Rteel.. . ss
do pref 1I0',
Warn lex .... lo't,
norwi
Iiet prev s-ile.
Am O (4 nfcs .)
llnld I.oe int rs Kn.
C S ncp May '17 10114
Con Tit N .t M 1014
Me l'eo Tr 4 s -o
lnterin Itjs 4s r.s
Ih Nv ens lUs imji
l'enn.i pen I'is 1(io4
dr rons 4Hs 1D1S
Plilln Co rom r,a son,
l'hlln nice 4s vf,
Iteaillnit gen 4s ili
tn ltuy Inv Cs 71
T(l TO
iU if!
82 $2
411,1 414
7 1
4V4 41
SU S7H
lo'i 10'i
42J1
"&
7H
41
llflt4
10i
ltlqh
IHI
101
Kll'4
1(IJ
si
ns
10IJ4
1t4
CO
SI
in
7T4
Low, Close
.)14 P0
101 10?.,
10114 njl4
102 102
II 81
ns ns
1014 1ni'4
!!ii! 'SlS
81 "1
1)14 ll
734 71
$11100
1IXIO
11
inoo
2fK
ww
inono
.IWXI
1(MH)
.",7l'l
IfKII)
!MlO
WXIO
Local Bid and Asked
To.lnv Yrnlenliv
Hid Aiked 111 I AKked
Huff ft Sun t c Sl'l m '!ji 4!'
,in nfii .. 171, nsn rsi no
uiidX ..'....::.::.:.iisj iW' im? nw
ram i-teel 7lW ; 'Qv
lioUr ::::::: Ilk o! itt ft
Ak'NS,p.,r?. ::::: tS' jSj ffl
Ihlgli Vniley Mil, StU M fj
rrnnsylvnnu . :. .. ; foJJ f ? !,"',
Phlla (.0 , lj. VA 4 U 411
do s rer cent nrer .11 4 111 '? ,,'2s-
iln 11 per cent I rcf. U'j 41, 42) 2n
Phlla It T SI S U 2 M 2 i
ilo t c .... 21 21 J. 2t 21 14
Uwirtln 81', 'ffl M
Tonopnli Ilrlmont 4,, l, I'm 4'i
Tnnopnh MliilnB .... U i , '
1'nlon Trnrtlnn ... 41 4 H 4 .J4 4jf
fnltcil Hun lmprov ;; 8S4 K)
IT 1 Klecl "7! M fi
York Il.illwiy II Ij's ',' l"5
do pref .11 "- 21 Jj
Crnmn t c si ss si SH
RAILROAD EARNINGS
TKXAS AND PACiriC.
1DIB. Incrense
Third uoek December $nvi inn Wj 2PJ,
1-rom July 1 i)lM.llS .121. ,110
EltlR.
Vov ember pross iia2l.oJ J1 ml JO'
Xet 2,1110 4,1 l.i 20,2 )
M.nV YORK. ONTARIO AND WESTERN
November ttrosj J720 sin $21 Jj2J
vp, 1S2 40.' 10 071
hurnlus (.(-,) 1 10 470
KUo monthi1 gross ... . J.ns7.41'i -1JIJ 114
Nt 1,21111 111 Kliis.,1
Surplua i.sl, ill') 12-1 6M
MOnil.n AND OHIO.
Third iveok December . $22n sro Ml r(Vl
Prom July 1 '.sn7 ,),"1 .5"1
CINCINNATI, NEW ORLEANS AND
TEXAS PACiriC.
Third cek December . $2n1Mn $42.78.')
rromJuli 1 4.811)0(7 ,13301.1
SOUTHERN RAILWAY.
Third week December SI 4OI.00I $172 T02
From July 1 w.strr.txn l.isiioiu
WARAhll.
Third neck Deccmhcr. i!7S 0t $10.1.000
CHICAGO GREAT WESTERN.
November cros .... l.t(in ;; J "i
i'fv'o months'' Krois'".'; 0217T1I7 n.l,noVi
Not 1.4lii, 70S 01071)
Decrease.
MINNEAPOLIS AND RT LOUIS
Third week Decembir J1n H1 $21701
llomJlIll 1 n.221 2M lll.OIW
hOCTHERN RAILWAY.
November cross ... .$i,IXrill7 ! rg I
Net . . l.ln,.ivi 77ii 18s
riva month ctoi-s 2s tT7.s.,i cm mil
Net 8 151)811 2.4M071
DricKS-Soabury Gets Sninge Arms
NI1W YOUK, Dec 25 At n meeting of
tho illiectnis of tho SivnKe Arms Com
pnnv, held yesterday, tho control of tho
compinv was formnlly hniidcd over to the
DilBits-Senhury Ordnanco Company, A.
n Iioile, picsident of the DrlSKS-Seabury,
bilns nlccttd picsldtnt of tho Hivace
Anna Company. Two other directors of
tho Prlcgs Company, E C Delaiield and
James Imtiree, wero elected dhectors of
HavnBo Anns All tho members, of tho
SavaKo Anns Company hoaid lcslgncd,
but .1. P. Lynch nnd AValter Jerome
Greene wcio to-f looted Tho foinicr pies
Idcnt was llcnjamln Adrlance.
German Iinnk Stntcmcnt
I111RMN, via Sayvlllo vvlrolcss, Dec 23
The sold reserve of tho Relchbnnk Is
010,323,000, It was olllclally announced to
day. This lepiegents an IniAase ot $SD0,
W over last week The totul payments
in cash for tho third Germnn war loan
have 1 cached $2.777,!)73,O0ft, or 91.1 per cent,
of tho total 'I hero has been an Increnso
In tho circulation of currency.
Midvnle Not to Get Poole Co.
NEW YORK. Dee 2S Tho statement tint
nothinir rem ilnx but tlici formalities to truniui
(ontrol of tlio Pool,. EnelneerlnK and Mithlno
Compinv vvltli Its war tuntracts to the Mldv.ilc
Steel mid Orinince Company Is flatly iknled
bv tho inti rests In the l,itttr lompniiv ivho
urn In n pnHliUm to know The t-Rine intcreste
i tint thrc aro no neRottntlons under way
looking 10 the Lditrot of that proper!
Gold Arrives From Abroad
NEW YORK Dec 2S The tteainshlD New
York, which nrrhed from Liverpool this morn
lmr brnucht i.7811 CO) Kold consigned as fol
lows To J. P Morgan f Co.. 78 lioxen, valuill
ut I til MO. to J. K. largo, 11 liom-a. valued
at 75 f 00, to the Caniwllan llnnk of Commerce,
II boxes, valued ut Llll 1100 to the Mechanics'
nrul Metals National Hank, 8 boxts, valued
at tSS.UJi)
DIVIDENDS DECLARED
People's Natural Oas nnd Plpeago Company,
regulir quurtcrly 2 per cent paiable January
23 to stock of record January 2u.
Roanoke Oas Light Compauv regular nuar
terly m per tent ptyHbtf December Jl tl)
sukk of record Doceinbrr 27
Illinois Northern Utilities Company, regular
quarterly ttk per cent, on preferred payable
rebruar 1 to stock of .ecord January 20
Pcnn Central L.sl't and Power Quarterly 1
per cent on prefer" ixiyakle January 3, lulu,
to stock of recoivl December 27 1V1S
NEW YORK RUTTERjAND EGGS
NEW YORK. Dec 2S BUTTER Market
lower and unsettled receipts. 8152 packages,
extra creamery J3ie hlahcr scorlns. Uw
JI'h. Mate dairy. Joa.llc Imitation cream
crv. 2:(2.l'c
1X1CS. -ll.i rkst steady receipts 0223 citra
flreu uc.4l.Uc rlrts. :n 17c nearby
whites 41SUS . mixed color .I20ii5c . nearby
browns. JTiilOc . rofrlserator ilrsts. 23WSJ1C.
A New
Investment
There has just been placed
on the market a Ten-Year 6
Convertible Gold Debenture
Bond of a Public Utility Com
pany, which is doing the kind
of a profitable business that
has made Public Utilities so
substantial. Facilities which
permit of an ultimate develop
ment of importance have not
as yet been utilized.
This investment, which, is
offered at a price to yield
6.50, can be converted after
November 1, 1917, into 7
cumulative preferred stock on
a basis which will bring a re
turn of 7-65 on the original
investment.
Send for Investment
Circular No. 304
William P. Bonfaright & Co., Inc.
MORRIS WISTAR STROUD, Jr.
Manager
37 CUESTMT STREET
Philadelphia
seer fuk Uastou Detroit
LoJ)4e William p Bonbrlrtt A Co.
Paris t Ilonbrlfb-t A Co.
NEW WAR MUNITION CONTRACTS
CREATE BULLISH ENTHUSIASM
Midvale Negotiating for Further Large Orders From'
Foreign Powers Rapid Transit May Do Some
New Financing as Earnings Expand
With the new war munitions order nl- 1
loted by the Mldvalo Steel nnd Ordnance
Corporation to the Baldwin Locomotive
Work's, tho latter la understood to have
approximately $25,000,000 contrncta of thl
closa on lta books, to say nothing of tho
ordinary locomotlvo business and the
royalties received from tho Remington and
nddystono Companies on contracts placed
nlth them.
It was reported today that tho Mld
valo corporation Is now nesotlatlnfr for
another MO.000,000 order for munitions, so
that those recent developments should
set at rest, at lenst temporarily, tho fears
expressed In somo quarters that the
cream of tho war munitions business had
been skimmed. An tho Allies, particu
larly England, develop their resource! In
tlili respect it Is, of course, likely that
their orders to America wilt become less,
but there still remains n prospoct for a
ory lucratlvo business, particularly with
Russia Meantime, bankers sny thnt tho
flow of foreign holdings of our securities
back to this country Is lessoning.
At no tlmo hns this liquidation come
near oversupplylng tho demand, nnd with
tho contraction of offerings tho result
Is a firmer general tono to tho marlcot,
aided by tho favorablo monetary outlook.
Rankers look for a continuation of easy
money conditions for a time, at least,
although commercial paper rates, they
REORGANIZATION PLAN
WORKED OUT FOR MARINE
Preferred Stockholders Will Got Now
Common Stock for Old Preferred
NEW TORIC, Dee. 2S. 'It Is understood
that thu common stockholders' commit
teo of tho International Mercantile Ma
rino Company lmi worked out a plan of
readjustment of tho company's nffntrs. Al
though details regarding It are lacking.
It Is rumored In Wall street thnt It will
provide for pajlng off nil of the com
pany's outstanding bonds nnd preferred
stock through tho Issuance of new com
mon stock. In this manner tho common
stockholders will bo given a greater equity
In tho property than nt present.
According to reports In somo circles,
tho prcferro stockholders will bo given ISO
tho preferred stockholders v. Ill bo given 180
shares of preferred now held.
Tho plan, which was prepared by the
preferred stockholders and which pro
vided for nn assessment of $10 or J12 per
slinro on tho common stock and pay
ment of tho outstanding bonds at par
and Interest, wns rejected by tho com
tnltteo representing the common stock
holders. LlltovUse, tho plan prepared by
tho Bondholders' Protective Commlttoo
was rejected by the preferred stockhold
eis' committee, so that there now appears
to bo a three-cornered light on In connec
tion with tho reorganization of tho com
pany's affairs.
It Is Known that tho Bondholders' Com
mittee li perfectly ngrcenblo to any plan
thnt will provldo for paying oft their
bonds nt par nnd Interest, nnd, accord
ing to members of that committee. It Is
now unto tho two stockholders'commtttocs
to provldo such n plan Kxpectatlons nre
thnt tho court hearing scheduled for today
will bo postponed, pending tho outcome
of neBotlatlons between"-the two stock
holders' commutes looking townrd a solu
tion ot tho problems confronting thOBo
bodies.
Unrnlngs of tho International Mercantile
Marino Company. It Is stated, contlnuo to
show Inciense, thero being a largo volume
of business each month. It Is ostlmnted
thnt tho favorablo operating results will
continue well beyond the dnto of cCBsntlon
of hostilities In Kuropo. For that reason
tho belief obtains In well-informed cir
cles thnt a plan of reorganlzaton can be
iiiianged which will provldo for tho crea
tion of new securities upon which a sat
isfactory Income roturn will bo shown
nfter tho war.
Tho compnny hns n largo amount of
cash In Its treasury and It Is asserted
In somo quarters that a substantial part
of this could readily be utilized In paying
off somo of the present outstanding" in
debtedness of tho organization.
MINING STOCK QUOTATIONS
TONOPAII STOCKS
Hid Asked
llm nutler 1.JJ IJjJ
MneNiunnr.i ". 'VS
Ml.lwnv . , "
MUiuh Intension , -?
Montina .1' ..lj
North Star , ,16 .,,,
'IY.nop.ili Ilelmimt 4 U-10 I tll'l
Tononali Intension A 4H
Tonopah Mlnlns '. 7
ItoBcuo Hula ps .
Wist nnd M ,-
aOLDKWLD STOCKS.
Vtlnntn 22
lllue Hull I" .IN
Honth 17 .1?
Hulldou 02 .OS
a o d ., , i-
("oinlilnntion Traction oil OS
niamondllcld II 11 1 .""J
Dalsi " ."
Kloreneo ... ..... .,. ,'
loldlleld ronsolldotnl lt! l-!s
OnldHel.l Meraer ..in .17
Juinto llxlenslon l.ll l.J
Kewanaa ... .m .-1
Oro in .IH
Sandstorm Kendall 0T .1)8
bller I'lck 1)0 .US
JHSCnt.LJVNI'OUS
Talry Aztec 01 .0-1
Klmberlj . J2 M
Netarta Hlli ..1 .21
Nevada Wonder l.tS 1.70
Tax Free In Penntylvanla
Penna. R. R. Gen. 't's
nun juni: 1, 1005
Particulars on application.
A. B. LEACH & CO.
115 South Fourth Street
IUItKCTOUY OF ACCOUNTANTS
Certified I'ubllo Accountants
I.AWIIEKCB B. BROWN & CO.
JlEAL ESTATE Tniisa UUILblNO
1615
UUUNfJ & SPEAKilAN
The Bourse.
say, may harden somewhat &9
trade continues to expand mU
Today on Chang', price n'nM,,.... J 1
not wide, but tho tono was enJn(" 1
ranslt unassented stock . RWll
tin in rnnfrtrm tvl. ...... . a8 hUfetl '
trust certificates. wherTai 1 iK l '
showed signs ot profit taking -ri. ,ltte
Ings of the company are runnS .v": 1
of all past records, with promts
tlnued Improvement At th 1 .' J- .
tho condition of the mmmS? 2f "" r
weak that there wns an exces? t "
liabilities over current neTetS m',?,1-
present growth represent" .?""
change for tho better In the ,
affairs for such a short period tfT1"'' t
the way should now be , cle ''
raising of the money neccssnrv i,"0"
out plans for Improvements efe
earning power of the system tm .'
greatly enhanced. That son ?'" J
financing may be undertaken snJ? '.'
ho opinion of somo arsons "suallCi'
Informed as to the company's J "
uwc-u ii BiiKnuy reactionary i-.r." '
Following a set back In tlnii. . " i
Steel, Cambria Start ,m ftSSL?w j
Steel preferred eased off In "SSS t
PonnsyU-anla llnllroad also wSdM?. I
so did Cramp Shipbuilding, but i.W
case wero the offerings large moJaV
atUIn material slgnlncance! rnVl 1
was dull. lr8 clH 1
NEW YORK COFFEE MAPirt,
N13W YOniC. Dec 28,-The ess
market wns more active at th mS?
this morning, nnd first price, were &
seven points higher. Sales on fhJj
wero 3000 bngs n ,M !
Trading In tho market was onin v..
tho fact that there were . VwftJS
orders hero from Iuropo had a ,2'
Ing Influence on vnluei. and th. JS?"
tonn nni nrm r ' "... lne WN
wero somewhat .eWrt , wev, ?2
tho fact that tho country s wril .nisSi
and not buying at present' an" thffi
that lending steamship compaai., t.
Scandinavia havo refused to take mi,'.',
shipments of coffeo led to fears ott
Increased pressure of supplies here.
Itlo was unchnnged nt flvo 50 for v.
7. Exchango was l-16d higher at ltuu
Receipts 12.000 bags for threo daniX
stock 469.000 bags. Santos wasunchantid
at flvo JSOO for No. 4 neilpuSS
bags, nnd stock I.'KO.OOO bags.
Receipts at tho two porta were H.W
bags for threo days, ngnlnst 63,000 Un
a yenr ngo and 03,000 bags two yean mo
Hao Paulo had 71,000 bags aSalnjt 63W
bags nnd 40,000 bags, nnd Jundlahy ON
bngs ngalnBt 41,000 bags and 35,000 tm.
respectively. "
Today's Teittrlti';
December ,
January ..
Pebruary ,
Jlnrch ...,
April
May
Juno
July
AURUSt
September
October ..,
November
0.S2lil
...... 6.57C4U
... OmjIOTO AKlfillo
' -.. .f""ilW
.. n.TviB.'fo a.7cnn
lll-VfillM htS1!!
. . zpinj7.(u .5ss.5s
7.00
KVictii
BAR SILVER
The prlco of bar silver In London todir tu
2v4 pence, off 1-10'pence
In New York silver wm quoted nt Mli cici
with Mctlcnn dollars nt 41Vj cents
IMiiSS"iSSfSl)
Ready Dec. 30tK
for
Every Employer
And Employee
WHAT you DONT
know about the new
Workmen's Compensation
Laws would fill a book.
Here is the book that ex
plains every phase oj the
new law as it will affect
YOU. It clearly shows
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you are an employer or
employee.
DIGEST
of the
WORKMEN'S
COMPENSATION
LAWS
By
William A. Schnider
of the
Philadelphia B.r
Single Copies 25 cents:
10 or More Copies 15
cents; 100 or More Copies
10 cents. Postage pre
paid direct from ths
Offices of the Public
Ledger.
THE kind of
business hous
es that carry
accounts .with the
Corn Exchange
National Bank,
Philadelphia, is
conclusive proof of
its high standing,
-M """""- .