PHILADELPHIA, TUESDAY, JANUARY 4, 1916.
U
EVENING LEDGER-
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FINANCIAL NEWS
New York Bond Sales
PUBLIC SOLD SPECULATIVE HOLDINGS;
ABSORPTION WAS OF PERSISTENT SORT
Market Broke in Afternoon on President's Statement on
, . International Situation January Rein
vestment Demand in Evidence
NHW VOIUC, Jan. 4.
It ivns nnotlicr il.-iy of fsurous trailing In tho stock mnrket, with the
public liiiiiirintlng Inrce lines of spoculiitUc IioIiIIiirs mid tho room traders
tnkltis nh nRBressKo position on the benr aide nml nlTerlng Rtocks nt con
cessions, lint, while the inntkct uni nt times ileiiressnl hy this Increased min
plyi the tono was strong tlirmtghmit the morning', and persistent absorption
waa cffectUe in forcing prices of many Issues to new high points for this
lnovbrrtent.
'' , JWhlle some stocks sold nt the highest figures touched since 1907, tho
specialties, like Mexican Petroleum, were less prominent, and most of tho
business In those issues was of n. professional character, but the oflen-lookcd-for
Jnlnlnry reinvestment demand was nt last In evidence In the mature dividend-paying
Issues, and mound midday this was the most Important feature
of tho mnrket.
Some stocks, such ns t'lilnti Pacific, Northern Pacific, Baltimore nnd
Ohio and (treat Northern, around midday npsumed market leadership nnd
wore in brisk demand, with I'nlon Pnclllc selling nboo 140 tor the first time
since the Southern Pacific holdings were distributed. Southern Pacific crossed
104, selling nt the highest price touched since 1B13, nnd substantial gains were
noted In all the other dividend-paying railroad stocks.
Nenrly nil this buying was for Inxesttnent account, and detracted atten
tion from tho Industrials and specialties, which had been the features of tho
trading for over a week past. Mexican Petroleum, which sold above 1.1S
Minn Anitlo V I.
IIWjoo Amcr Rmfll See flu
I0V0 Am T(l fit Vi
mm Armour Ca 4'4
B7oo Atchl'nn ten J
ilrni itn cv 4 im.0
UKii) Allan fn Llnf 1ft In
.Vol Ho rlt ' ,
..mio Unit ft Ohio l4s
lifum tin J
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ixm lloth Ktrrl rf.l .". . Ifi'J
Sum llrnok Itnp Tr .n 11)18.11X1.
Kim llrook I'n nil lt .-.. ItfOU
win cm linn a i:i .". ns .
llimi tvnt Irfiilhpr 1M .is loiu
ISi) I'rnt It It N .1 ,1s 1 lt4
1KKK1 Chill Coi.ncr T . .11 IV
loon chfs . Ohio c Mm . n'4
STikii Chl II & i) Joint U 111
."Ml Chl II k ij (own 4 !"v,
I'm c M St 1' n .is . .Iinj,
IKniO C M St I' rl 4'js tulU
4(K Col tn luntrlRl .Is li-i'k
HUM Col South IH . .,
llrno Cons (Ins n lis .. ..I2ili
n ss i ompm mil ns . -n
lilt T.
4fKl l)tl & lltlll Com .IS fp.llKl
,.IMI IJOI ft Mtlil -IS HUH
limn Del a llu.l 4'is .
Ilium Ills Sprur Corp fts
iikh) i:rle rmi 4s . .
toil Krlt rnnv -Is Spr A
l.'.lXKI l:rptiin 4s Kpr II
Kxxii Crppti IMv II
.VH (lr.tnh sta lis .
Usui llu.l & Mnn In .".s
Ttsio III stffl tloli 4s
imm Indlsnn SIppI .'.s
n.MOil Intprli MpI 4is
. mux) Interb It T rt-r .Is .
Imxxxi Int Mpr Mr ct 41s.
fiTtini Inlprnl I'nper lis ..
nimii ,lo r.s .. ...
Tikii Jap npn 11 B 4'js
:17iiixi Knn 1 IU So .Is
Usui Knn Cll Tpr 1st Is,
1 S0il l.ncka Stppl its 11110
:i'XKI I.Ik A M T .Is
2IHXI I nrlllaM r.s
tllKXI Mpx 1'pl Co (Is Ror A,
.1"0J) Mo. Knn c T 1st 4s
IIK1I Mo l'ncllli rt 49
loixat Mont I'oupr ." .
inm Nns'.iu IJIpp Is
lorn jf v c I. s aits
II .in. ..
USUI .V V t Ar II .1
the first hour, declined to the low of 12.1, nnd othei stocks In the same class ''x'ZV, a ,! ,.',' ,i:,-
yiemeu materially nrier e.irl nilvances. American Smelting continued In gooil
demand, moving up ocr thlee points to nbovp 113.
Tho mnrket was placed under seiere pressure In tho afternoon session.
when tho President's statement characterizing the International situation ns
"grave" reached the Street. Losses were greatest In the specialties, with
Mexican Petroleum heading this group on the downward turn with n loss of
nenrly seen points from the top price of the morning. Hnldwln lost about
three points. The decline In Mexican Petroleum was hastened by the reaching
of many stop-loss orders. The closing was Irregular.
Demand sterling was strong, rellectlng buying as a rcult of the receipt
of thd heny consignment of stocks by the St. Louis csterdny. nnd sold nt
J4.74s. the highest touched In the last five months, i:charige on Amsterdam
wns in urgent demand, with guilder checks selling nt 44c, a new high record.
Plans Ncarinu Completion for Huying St. Paul French Bonds
It Is understood that plans for the purchase of St. Paul bonds of the Krenrh
Issue, a part of which were used as collateral for n loan to tho Rothschilds of
Tarls, made by J. P. Morgan & Co. Inst summer, are Hearing completion. It Is
proposed to put out a new Issue of 4 per cent, bonds which will mature on the
some dnte ns those of tho French ssue 192.1 and It Is thought likely that a
syndicate will be formed to underwrite the new bonds and offer them for public
subscription. The old bonds, it is stnted. will simply bo placed in the treasury
of tho company and kept nlle during the remainder of the period for which
they are to run, nlthough no Interest will be paid on them.
imixi n v rii 4i. mm
1Ihi V V tins. 11 fc 1' is
lui N V ll nilj .Is
4HX) N V TpI n 4'ts.,
I.vn Norf Vtst Is .
Iil Nor Tut prior Is
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:hh t)n Short I. rpf 4s
liwxi I'nclllr Til r.s .
woo l'nn .Is r .
:iik l'pnnii Is 1WS
SJxx) ilo npn it 4's .
Lisxi do en 4'js ....
2i t'uli Sprv N .1 :i .
Isxxt llniillnit kpii Is
14IIKI Itotk IkIhiiI rM 4s
Ho llnj St Mirlnus r.s ':
lixo st Louis Mnn 1st Is
Khsii Spii,oanl A I. inlj fis.
Iixhi South Moll rs
Kxsi south Pni. Is
:i(KI South I'nc rv 4
r.'lixxi ilo cv ret r n r.s..
Iikxio South IMP rf.l 4s. ..
Iinm South Huv Rtn Is .
'JIhniii Sotllh Uu on .Is
HIXK 'rnill C 1st ,1s
2(11 Tpx.is (1i i (W .
:o(ic mini Ao new Is.
llHXI Tol IVo Ai W 4
nxvn V H StPPl .Is
Ji'IKI I'lllon I'.ic (l 4s
hvm 1 nlon I'nc rM Is..
2.ili(l I'n llwis 8 1" l
40.0 Wh.lfh 1st .Is
Idm Wnlnsh 2,1 Is
1000 Wlsiuli Cent Bin Is
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WHEAT WENT UP
ON GOOD BUYING
Commission Houses Absorbed
All Offerings Signs ol
Fresh Interest by Public
Sales in Philadelphia
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OHICAOO, Jim. 4. An attempt on the
part of Inrgo speculators to rcinstnie
lines sold out Inst week turned the wheat
market strong today, after It hnd shown
wenkness In the early dealings. There
wns good bujlng through commission
houses, which nbsorlictl all the offerings
James A. Pntten wns reported a good
purchnser. There nlso were signs of
fresh Interest by the public. At first
the market experienced another period of
liquidation which canted May to $1 2t'li,
ngnlnsl jl.M'J nt tho close csterdny, nnd
July to $l.15-s, compared with $I.I6't nt
the end jcstciday. May finished only V,c.
off from the top at Jl.rS,. and July but
He below the best nt $I.1SH.
Strength In the Northwest wns n fac
tor. Tho bearish sentiment of t)ie Inst
few dajs evidently resulted In unite a
lnige short Interest. Talk of export busi
ness wns reviled, nnd some cstlmntes
plncrd todni's sales' na high ns l.OOO.OOi)
bushels
A dispatch from Kansas City Indicated
Ihat business had been worked there
biipntch.es from Dnllns said thnt green
bugs were 011 the Increase llcports In
the Northwest were running smaller.
Ilradslrect's placed the visible supply In
tho United States at 80.150.000 bushels, nil
incicnsc of (1,609,000 bushels for the week
and comparing with SS,tirT,000 bushels .i
enr ngo, in Canada nt !n3,6G9,(X bushels, a
gain of 3C2,rX) bushels for the week, and
compares with .17,831,000 bushels a e.11
ago; In lhiropo at "6,200,000 bushels, a Ic
cieaso of 2,P52,000 bushels for tho week,
nnd compaics with 76,000,000 bushels a )enr
ago
Corn nlso rallied, after having shown
weakness Kew longs gave, the market
much support, allowing It to pursue Its
own ctiuise. Oats followed the other
grains, showing n little more strength rcl-
llxi, ativeiy innn corn
puditiK ftiturpa rnnRol ns follons-
VpirtM's
upon. lllKli.
I.1SIJ, 1 211
I. 111'. I ISIj
ilcllipr)
7.1'l Til
70 7lli
10 Am Cur & Fdy 7J'4
2.1 J O Prill .... 40
.1 C Ot Wst prtf .
0.111 Cum Kiecl "I
110 Cnl rt . . 40
200 Chlno Cop Ml5
1O0 Con Trse N J.. 72
M Lleo Stor . ... m
100 Krle iV,
010 Opn Aspri HI'
.17 do prof 7114
107 Ins o X Am... 2.1".
10 Key TpI prf.. 00J
2 Key Wstch C. S.I
1 12.1 Lk Sup Corp.. ni
174 lchlirh Nnr... 7n
142 ThlRh Val ... 82
Ym. close. High. I-ow. Close.
120 T,eh V Tr pre. .11'4
20 Miami Cop ,17i
74ilPenna ltsllrond. MU
2(1 I'enna fait MfK fo
10.1 Thlla Co pfd .
182 do cum pfd .
40) Thlla Clectrlc.
MOP II Tie....
M0 Itra.llnc
2 Texns Pac ...
21B Ton Pel
21.1 Ton Mln ....
311 Cnlon Trac ..
r.o tt H Itutbcr .,
i8i tr a t ,.r...
titta tr s Steel ...
31
12'i
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21
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C0TT0X riiOSKI) WBAK;
Ti'.tni'i's sni.n i.'in.'i.'.i.v
aaies 01 copper Kcporicu at z.i v.cnis
Copper prices Imvc been inowil up unother peg In an advance effected T?iKn in I.ivnmnnl Kreiirht Rates
.uutij' tu .0-1 u-i'iiit. mr I'lecinii.i. in-, i-aiiiiig ior delivery uuring me nisi quarter.
Big sales have been made at 'iZ cents Hat for both home and foreign account.
Sales of copper nre reported to have been made at 23, cents n pound 30
clays, for delivery before April. The amounts Involved were small, as there
la not n laigc nmount of the red metnl mailable for early shipment.
Caused Increased OtTcrinps
Wheat
-Mil ..
Julv .
Coin 1iipt
Mn . .
J11U . .
Oils -Mn
...
Julv .... .
Lani
Imuary . .
Mnv . .
July
lllli.
January ..
Mi
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1.2V "1 -Pi
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7."', 7"'i
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. 11M72
.is in
f Asked
0 17
111 1.1
10 11
HI .11
is 71
IS 117
4lr
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10 07
til
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0 11
10.111
10.2J
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III 12
1012 t10 12
10 41 10.47
1101 til i
1110 S18S.5
10 21
10(0
111 02
ft West Jtr & ppa r.014
100 Westmore Coal. 07'-i
10 Vorlc ltwy .... tl
10 do pref 31
Kit dividend.
no.vns
Last rrev.
sile. IIlRh. Low. Clnje.
-( Am a ft n hs. tx no si'i oo
.11 C St scp Nov Mil OS 01 ns OS
21 do Feb 1017. .101 I11II4 lom 10U4
21 tio May 1017. .101 lom
Kxx) P.lec A P Tr 4s 8P4 8U4
Kxni ltarnol 1:1 as.100'4 101
.1(K) Inter Itnjs 4s . M .11
2fO0 Kev Tel- 1st .Is. HO 00
10000 I, .V pons IHslOI'; loli.
.VXX) Ij.1i V pen 4'4s.t02 I0J
120(X1 Pa Co. gen 4'is 100 loo',
1(X) do cons 4'4..l(1 101
2000 Pro 1'nss t p 4s 1.1 M
aioo I'hlta Llec 4s.. 8P, s.t4
200 do ,1s .. .ln.1'4 im
txxKI riendlng KPn 4s. Ill's 0.1
tOOO Stand Oaa 0s. ml fl'l
700(1 Span-Am Ir Os.hb lol
'.TOO Welshnch Co f.s 114 IIP4
MHXI w N' Y&PMe 4s . 37
(.000 York Itn y 1st fis 0.1 M
10U4 lOlU
M4 StiJ
101 101
M .IS
mi on
101; ion.
102 102
1(X) 1011
1011. 10.1
8.' .1;,
8214 S214
10.1 10.1
ti.l n.i
oo no
Kit lot
lllli 04'4
37 37
02 tn
Local Bid and Asked
LIVE STOCK QUOTATIONS
rlllCAOO. .Inn I -IRKIH -llecplnts, .11,000;
ninrkt t ste.idv: inlxp.l and liutthers -ii.,1(f
mi. iiomi lieaw. JillHniO.1 roimh hi.
n..".0f(iii,1. IIrIii, fiM vnil s.1, pIks. S.I.Vlltii .Vi.
l.ulk (1. 1.II11I 110
CATTI.i: -itpcelpls. .1000. mnrket uteiidv.
Iippmw. 8(1 '.'Mill so, iDim and helrnts, $.141.14.1,
'li'lnns. ll 2117 2(1. l.illps $7!llll.2.1
MHi:t:i' UnrlpM, 2l),((XI, nnrket I0HI.V.
towi r nitlc and Western. SD.Uotii 15. lamb.
$7.C01iO U.I.
Sl.000.000 Gold From London
The steamer Finland, of the I'anamu-I'nclllc Line,
York from London with about $1,000,000 In gold.
hns nrrlv cd In .Now
NEW YORK STOCK SALES
Adams Eiprcss
Alaska Juneau
Alaska Gold M
Ailts-Cha!mers Mfu
-"Allis-cnaim Mfg pr
Am Ac Chemical
Am Beet Sujar
Am Hoot Sugar pf
Am Can.
Am Can pf
Am OAK
Am Coal 1'roducU .
Am Cotton Oil
Am Express
Am Hide .. Ij?jthcr
Am Hide & I. pf
Am Ico Securities
Am Linseed
Am Llnteed pf-
Am Locomothe
Am Malt
Am Malt pf
Am Smelt & Hei
Am Smelt & lief pf
Am Smelters pf A
Am Steel Foundries
Am Sucar Itefinlns
Ijist oloe
. 15J
. . 10
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71' '
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L'.VS 2Vi
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Am Sucar Iteflnlni; pf 11SS
r.'7''i
nt
L'Oh'j
107'.
. 48'j
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. IHPt
. 74
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1273
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112
11.
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if.:!'
10
214
.TO!,
81
71'a
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I List elose
1 Maxurll Motors . .. 7u'i
1 Mai Motors 1st pf . lit
-Mai Motors 2d pr. ... .Ill''
Mexican Petroleum ..127
Minn St Louis .. i,,i,
M St I" & S S M . 12',
Miami Copper .. .. ;(7ij
Mo Kan .1 Tex .... 7
.Missouri Pacific i
Missouri Pac tr cfs 'J
Montana Power ... T;i'4'
Natl Cloak A Suit . . 7b'i
Nat Enamel H S . .. yn'.
Nat Enamel A S pf . !l,Vj
.Nat Lead . . 1,0
Nat Iail pf ... 1 );
IllRli I.ot. Close.
Am Tel A Tel
Am Tel & Cable
Am Tobacco
Am Tob pf new
Am Wool tr r
Am Woolen pf
Am . L i. S.melt
Anaconda Copper
Associated Oil
Assets Realization
Atch TASK
AtchT A S E pf .
Atlantic Coast Una
Baldwin Loco
Baltimore A Ohio
Baltimore A Ohio pf
Batopllas Mlnlns
Bethlehem Steel
Brooklyn Hap Tr .
Brunswick Term
Butte A Superior
Cat Petroleum
Cal Fettoleum pf
Canadian Pacific .
Cent Leather Co
Ceut Leather Co pf
Chesapeake A Ohio
Chlle.Copper
Chlno Copper
Chl Gt West Pf
Chl Mil A St Paul . .
CSUSt P Pf
Chl A Northwest
Cht A Northwest pf
Cbi it I A Pac
Colorado Fuel A Iron. 52M 53
Computing Tab llec . 48j 47
OOEHI'Hj 115 115
Continental Can SOU h.5)j
Continental Can pf 107 10S
Corn Products Kef . 201 i 20)i
Corn Products Hef pf 0114 01
Cruribla Steel . 72 72U
Crucible Steel pf ,110 110
Cuban-Am Sugar 157 155
Diamond Match 100'i 107
Distillers Securities 47H 1SH
Dome Mines
Klec Storage, Hat
Erie . - .
Erie, 1st pf -
Erla 2d Pf .
red Mlq A Smelt .
Fed Mln A Smelt pf.
General Electric
9.1
(0
lll'i 115
1181- US'.
127M 127'3
III', 01 'i
20S'i 20S'i 20SU
11)714 107'3 1()7'2
1!) 4!) 49
OIJi OIT, ill',
70h 09 (.!"
01 SO'j S9h
7li 70K 701j
J. c c
inS!3 107' 1 107M
00 08' 08.
115 111', 115
118 litis 1151,
00 051 05'i
7S)a 78 78.
.Tii 3Jf 3
10.-1 40') 401
bHi 87i 874
Kl 13 13
74!j 72'i 734
lljj SWi 39v,
77 714 74'i
l&tU 181), ISl'i
53'l 53i 53i
109'i 109'i 1001J
00 Kli 0o.
254 214 214
55'i &1 1 j 55
30i 39!i
1024 100U
1354 1354 1354
1314 1314 1334
1734 1744 173
4J UN 1)
5114
12S4
154
121
3'1
O'i
5'i
54
75
7S
2')4.
n
704
11:14
H'i
10' i
7li
0J4
.154
1214
15
l'JJ'i
38
C'i
44
514'
40
115
854
108
104
0,1'i
004
no
151
304
101
1354
13.14
1714
174
514
47
115
854
KM
104
034
70
110
155
1004 107
284
CO
4314
5S'i
54
324
5.14
1744
General Motors - 405 4Si
General Motors pf ...1144' 115
CiwJiw-Caninea ,,51 51
Goodrich II K Co 74'i 754
Geodrien b F to pf. 1124 1134 1134 1134
Great fiaitntta pi -1204 J274 1204 1204
(it J cf for on prop 504 504 40' 50
Guggenheim Kx ex dlv 234 234 234 234
20
(S44
43Vi
58)i
54
i 32i
54
1744
47 474
284 284
00 US
424 424
584 584
53 53
32i-j 324
53 53
171 174
482 482
111 115
60 50
744' 714
13
504
454
21
784
MoincsUke Mining
Illinois cent
Int Agilcultural
Int Agricultural pf .
Int llary S J
Iut Jlarr NJpf
Intef Con Lorpa
Inter Coa Corpa pf
International Paper
Interna t paper pf
Inspiration Copper
IntM Mcf dp
1st If M pf cf dp
Int Nk-ke)
Van. City Southern
Lack Muel
Lak Erie A We
w, Ktla & W pf
laflfe'dn Gas
UrMfh iader
lJM'tt A llxtt
tSmuei P Co
LiM tt Na."h
Ixsi.-Wtei Itix'all A)
Mar Dupt Store . fil
ifay Iepbtor rf !,
12 1 120 120 120
1004 1094 108 1084
27 294 274' 204
CO 734 "(I 73
110 1104 1094 1094
1194 1194 1104 1194
21 21 204 20Ji
774 774 77 ' 774
i 114 114
604 404 404
454 454 4.14
214 21 21
8UH 78 784
-2014 2034 2004 201
32 324 314 314
704 704 77
104 10 10
41 404 404
105 1115 105
814 M 814
260 205 205
1SJ IS 14 ISO
1234 12U 120
204 2U
(12 61
"l0i""lU4 '
77
404
105
814
2C5
IS'l
129
24
02
'10
-Nat Ity A M 2d pf. . 8
Nevada Con Copper . 10'f
New York Air Brake .1404 1.12
. i - n & n .... 7,i, 7714
New York Central-.. HO 1104'
New York Dock . .. i,, 144
N Y O A West . . . ,'SO'f jjoj,
Norfolk A Western .1214 l'"4
Noif A West pf -.81 SOT
North American .. 75 714
Northern Pacific 117'; 1 isa
untario sil M . . . 114
Pacific Mall ... !:
Pac Tel A Tel 414
Pac Tel A Tel pf . ,-,
Penn It It . ,VJ','
Philadelphia Co ... 4,(J,
Pittsburgh Coal .. a5,
Pittsburgh Coal nf. ..Ill 4
Pittsburgh Metl pf .1024
P C C A St L pf . 07
Pressed steel Car . .01
Pressed Steel Car pf . 10.,
Pullman Co ...103
III Steel Spg pf . ..10J
!54
83'f
514
4
54
Hay Con Copper
Heading
Hep Iron A steel ...
Hep Iron A Steel pf .
Hock Island Co .
St Louis ASK
St I. A S F 2d nf
Seaboard ,vlr Line . is 4
Seaboard Air Lino pf. 304
tsears Hoe A Co ... 187
ho Porto 11 Sugar pf. .10S4
wjumern raciuo
Southern Hy .
Southern Hy pf
StandaM Milling
Studebaker Co
Studebaker Co pf
Twin Copper . . . .
Texas Co ....
Texas A Pacific . . .
'Ihlrd Au'nue
Tobacco Products pf,
United Cigar Stores .
Union Hag A Paper. .
Union Hag A P pf ,
Uulun Pacific
Union Pacific pf
U S Ind Alcohol . . ,
U S Ind Alcohol pf .
U S Cast I P A F . .
U 8 O I P A F pf .
U S Kealty A Imp ,
Lnlted Hys Invest ..
U S Hubuer
US Kuhber 1st pf
US Steel ,
U h steel pf . . . .
Utah Copper
Va-Caro Chem
Wabash
Wabash pf A .
Wabash pf It . . .
Western Union Tel
West E A M
Wesllnghousa 1st pf
Western Maryland..
Wells Fargo Express.
Wheel A Lake. Kile
Willys Overland
Woolwoith F W Co
Woolworlh pf
104
124
II)
014
594
41
354
111
054
07
lll'i
1(44
10'i
004
254
S44
o.t'1
1004 111)
ih
2S','
01
(is'i
1134
8
10
1414
70
1004
114
30
121
80'f
71'i
1174
04
12
40
0.14
594
434
334
1104
054
07
01
101',
105
004
23 i
824
51
1094 1094
744
02
504
1224
15
122.4'
3S
04'
54
.4
75
78
284
01
08'f
1134
84
104
1454
704
1004
114
304
1214
804
714
1174
04
124
10
014
594
434
354
1104
054
07
IH4
1014
105
b04
254
82.4
51
Ni;V VOfSIC, Jan. 4 A poor response
wnH made to the Liverpool ndvnnee on
the local Cotton KxcIi.iiirc nt the openhiK
this momliifr. Pilces (Jvero but 3 to 10
points hlRher, with the tone steady. The
uiniket in Llveipool showed advances of
1.14 to U',2 points, uiraliiHt 4'. to G'a points
espected It wns polntce out here, how
ever, that with all the supplies of cotton
In the I'lilted States nnd the sboi t.iKe of
the stnple in Liverpool theie Is vlitu.ill.v
no necessity for this mnrket to follow the
i:iir11fi upturn.
1'ilvate cables from Liverpool Rtnted
that the mnrket there was vcrv llrni, with
covering by local shorts the feature.
The lecelpts of cotton at the ports for
the day aic estimated at Ij.OK) bales, cont
inued with 4i!,lj(i bales last week, il,''bi
TiadhiK lontluued iulet durliiK the
middle of the day and lliictuatlnns wcie
narrow- anil IneKUl.ir I'rivnle wlie.s from for marks, acalnst a noimal of a cents.
LOW RECORD FOR MARKS
Ni:V VOItK. .Inn 4 The forelRU cx
cbaiiRe market In the tit nt hour of busi
ness today showed Irrejiulnrlty. Hterllni?
lose to the hlKhcst leve. if a movcm it
lueWousl) touched, 4 714 for demand and
4.74 for cables. Tbls streiiRth was due
lo the sales of imcrlenn securities for
foieiKii (K count and to tho Rolit Imports
Guilders were also a stroiiR featuie, at
4.1". nnd 41. On the other band, francs,
relchuinrks and roubles were weaker. The
Inst-ineiitloncd declined to -94 nnd -9".
Krencb excbaiiRe wns quoted at li.SPi
for cables and 5.8.1Vj for checks.
Late In the day maiks broke to a new
low recoid at "JVj This Is thd lowest prlco
since this countiy hnd any relations with
Hertlu and Implies a value of only IS7!
tlililnln
, ilo i.f.l t c,
IlUff A- I1S t
.1 (J Itrlll
Cnmbrlt Steel
i:iec.storHBp .
Urn Aspliult ..
Todar
Hid Asked
1 1 y?
?.'."
Illl
.IS
Tel
Tr
.In HI,)
Kejslono
do t c
d pref ....
uiko .sun Corp
IhlRh N'a ..
U'lilirh Valle
l.clllcli Valley
do iror
1'rnnsylvanl.i
I'hlln Llectrlc ....
I'hlln IV
do .1 nor lent nrer
do (1 i,er tent pref
I'lilla II T . ! ..
do tr ctfs
Iteiullnir
41 ? 4-J 4.'i
4S'J 4SI, isij
74 71' 74
IB Mil, IK
.11 :ti4 .-14
"14 71 l, 71',
ll'i 11 14'J
14V, ,.-, u,'
(kN . 11 jM
(. II1, H'i
7S, "III 7HI.J
S14 ..' Ml!
Ill, isj, tsij
nsij :is(j as
nn, r.'ii(f r.'n;
l"i. '-'S', i-S',
41 41 414
.-ni .-is :i.i
4 1':. 44 4g
L'O' 21 H,
.ii' gt -.'in.
Ycsterdav
Illil Asked
1171- lis
ns
n
411
74
117
2','i
1.1
II
117',
!l
711
HP,
IS1,'
::m,
Osj
:!7(
4I
L'l
Jl
M' 4
Sound Investments
1936 4.24
1942 4.375'
1933 4.50
Beech Creek R. R. 1st 4s. .
P.C.C. & St. L. Series B, Cons. 4V2S
Lehigh Valley Coal Co. 1st 5s. .
Harrisburg Lt. & Power Co. 1st & Ref. 5s 1952 5.05
LaBelle Iron Works. 1st & Ref. 5s . 1940 5.10
Seaboard Air Line Rwy.Co.l st. &Cons'.6s. 1945 6.03
Frazier 6- Gbi
BANKERS
132 So. Fiftccnlh Street, Philadelphia
i
HECKER C& CO.
Bankers CS. Brokers
Members of Philadelphia Stock Exchange
Sixth and Chestnut Streets N. E. Corner
The undersigned have this day formed a co-partnership
to conduct a general Banking and Stock Brokerage
Business at the abovf nddrcss.
The firm will also give special attention to security
investments.
OSCAR HECKER
Philadelphia, January 3, 1010. MAXIMILIAN KNOLL
OSCAR C. SCHMIDT
DIRECT WIRE TO. NEW YORK
LOMBARD 1385
MAIN 4458
D'i
ll'i
I1
l'llj
IbS
.ri'i
IJ'4
171.
:i'.)h
lh7
Sis
0'.'
18
IU'l
187
107
.10.11. 10D, lO.'U' 10J
23'f L4)i l'l LM
(11 I1!,' Ill 0.1
. 0.1! i 0.) 11 j !).
.lfi.115 10(1',' IfVi iu:,
11.14 11.1!. U.l'i ll.l'i
L".'li Illl. (illj IWl','
2JI LM." L"J 2J1
111 II 0 !)
111 (II (il. GU1.
100 100 10'J 10(1
0i 0', U'j IDj
S i 71. 7'.
."!) '."Jlj Lt) l-'J
usv, U'ii las', yjt
Hi Ki 81 SI
13.' HU I'M I'JO'j
IttS 111) lUsJj 110
L4W Sli -JIIJ l!Ui
. 40! t 51J 51)i ai'i
30S 4(1 10 40
20! Lllli -M -M
. 67 58'i 5(1j 5t')j
.I00)j 100). lOlHj 109 j
. bSlj bS', 87g S7J.
117 UV.i U7 U7!i
si mil son wm
. 49 40i 4S IH
mi. 17 mi. iuj
1SJJ 48! mt' 47U
ai 32 3IH 31H
88)S 88( htiii 88Ji
0) IU1 O'l, GS
7H 77H 77--J 77Jj
. Mi 314 31 31)a
131i 131 13J 13-',
-Hi 4U I 4
ilJ 1!33 -3JJ5 2J2j
. MM. IIMJ Uh, Ubli
123H 12Aj 12JV 123J4
DIVIDENDS DECLARED
Bank of North America, regular mlannual
0 per cent., payable January 3.
L'nlt4 IUIlwal and Electric Company ot
Ilaltlmore. regular quarterly 1 per cent., pay.
able January 15 to Steele of retord January a
l'uxet Sound Traction tight and loer
Company, quarterly 1. of 1 per cent, on pre
ferred, payable January 13 to utoclc of record
January 4
United Verde Copper Company, monthly 75
cent a elure and exira T5 cent.
AublaoD, Touclu A. Simla Fe. regularly
auarterly per leut on common. payaLli
Marca to atock ol record January 31
Kelly SprlniclleJd Tlra Company, regular quar
terly 3 per cent. payabfT February 1 to
lock of record January 13.
National 8-curlty Uank, regular semiannual J
H oer cent. D3able on uonun, ... ..,il ;
record January 4 ' ' "
BAB SILVER
I NEW, TORlf Jan t. Tb pri of em
InwrOal U.r allirer.uaa ua ti lo jwy. lent S.
iHf f aa. uwuut sre uoua uyti.
SlemphlH reportlnR a Rood export demand
lielpcd and pi Ices rallli'd 2 or 3 points
fiom tln lowest, but tho loss of ocean
toimnKc In the Mediterranean lecenth
li.ia pi-omoted the pexslmlntic view of o
port pospllillltloH and HiIh Ih combined hy
local hears with predictions of u iricntly
Increased acieiiKc next spiliiK. N'eivou.s
ness over liiterniitlon.il relations also
played Its par In offscttlnK the Intlucnce
of the llrni Liverpool eahles.
A dispatch from New Ol leans via Mem
phis to the effect that freiRhts on cotton
to Liverpool nan neen anvancen to .i per
100 pounds and that spot dealers weie
more Inclined to sell led to Increased
offerhiKs in both the Now Orleans and
local conlinct market, with pi lees euMiiK
off 11 to 1C points from the IiIkIi.
i:port.s for the day iiRSreKnteil SI17
bales, compared with 19.10i) hales u ear
iibo. Toda's total Included "17 hales to
Prance, JOJs hales to the Continent nml
2.MJ bales to Japan nnd China, t'leaiances
for the season amount to L'.'III.Cil hales,
contrasted with I.Oij.TJ.' hales for the coi-
espondlnR' period last season.
YeH tlnj.p Open. 11 a m,
.lanunrv . . 11!.1-J rj..'tt
l.-.l. I...kl 1. is
12 7(1 12.7.-. 12 .'
12 s.' 12 11 12 SI
12.47 U'.'.l
On the other
to 4 74).
hand, demand sterling rose
RATES FOR MONEY
New York
mi nil 1 1 iiiln ,
lloitnu
t!hlp.iirn
f'nnimerenl paper, three lo nix months,
nilrlplila. .Ji.jfil per lent.
Call
1.12
:i'.n
:t'4i4
Time.
2t.1r-Ji,
M'-.'.l I
3'jfll
4 111',
I'llll-
IJANK CLEARINGS
IHnk cle.irhms todav compared with lorre
vijoinllnir ilj I.ihI two ears
I'll"! IIU4 inn.
I'hll.idlihl.l fl.s.-H2.-.V. X LI IIMI KIS S12H21 111.1
New York. .Mm,MH74J 21i'l S7ll.44a 3JH.IHI2 2s!
lloaton . 4l.-ls-.nns 27.I7II.71U .'11,121.11
M Liula .. 2l..-Jal.lM 2ll.-tl'l,47l HI M.T.I
lllltlmore .. I2.I1IU.IIVI. 7..MI.'1I2 11,1117 2.. I
Cllk.lKO 7II..M1.12I. 1.2 2IKI Ol'l 511,474.4 111
I'rice of Tin IMate Boosted
IMTTHIU-HGII. Jan. 4.-The American
Sheet nnd Tin Plato Company has nd
tamed limitation for tin plate $'! a ton
In St 73 per tiaso bot of 10) pounds, Pltta-bursh
U
Alanh .
liv
.lull
llclober
December
spot
...12.4(1
12 -.1 12. l'l
12.7I 12 IU
12 7'.
12.111 12 15
I'.MIl) . .
Liverpool Cotton
I.lvmU'OOl.. Jan I -At 2 p 111 futures
were Hieiidv. Quotation wcr January Feb
ruiry. 7 S'i' ,d . Man h April 7kM. Mnj-.lune,
7.7l'..t.. Jill-liKiut 7 Hid. The talcs wen
lu.ooil bales. Including 71" l bales American.
Financial Briefs
I'ollln C Itortle. who has been associ
ated with N W. Halsey & Co. since 1005,
has been appointed manager of the Phil
adelphia ottlec of (hut Mnn
Walter Iv llaidt, assistant cashier of
the 4tn Street National Hunk was today
elected Ice president, replacing the Into
James Hay. Warien R. Humphries was
made assistant cashier.
The dully aeniRe moeinent of loaded
frelKht cars for the month of December
by elBht junction points on the Pennsyl
vania Itallioad was an Increase of 22 6 per
cent, as computed with the same month
In I9H. The number pnsslnff Plttsbursh
Interchange was double that of u ear
ago.
Up tn the present time more than 81
per cent, of the Cincinnati. Hamilton and
I).itiiii Itnlluuy Company bonds have
been deposited in accordance uith the
readjustment plan announced a few days
ago. In other words, more than $14,000,000
of the 117,000,000 general mortgage bonds
hae been deposited to be turned over
to Jvutin. Loeb & CoT as reorganization
managers. This assures the success of
the plan.
Charles M Marvin has been elected
treasurer and a director of the Ilatavla
Itubber Company. He succeeds II. a. do
Camp, resigned. George W. Hodges wag
elected a director to succeed Oliver C,
Carpenter.
The American Locomothe Company
has received orders for seven locomotives
from the Central Vermont It. Ilroad, and
one each from the Laclede Gas Light
Company and tho Chicago Heights Ter
minal Transfer Railroad.
R. G Dun & Co. report 12.156 failures
In the United States during' ,?15, with
aggregate Indebtedness of 1301,286,148
against 18,280 suspensions In Ml, when
the liabilities wcte 357.'X8,So3.
BOOKKEEPING
METHODS SIMPLIFIED
HEVERLE&I-W
PUBLIC ACCQIlMTAiJTof "
WORKMEN'S
COMPENSATION
LAW
A Brief Analyiii by
WM. A. SCHNADER, Esq.
Now Ready for
Distribution
If you have not already or
dered your copies, send money
or stamps to PUBLIC LEDGER,
Independence Square, Phila
delphia. 1 or more, coiilri, 27ic raeb
10 or more coilrN, l.'c rneli
100 or more copleH, 10c rneh
ANNUAL .MKKT1NGS
lT3S I'UNN N.VIIONAI. HANK.
-' Philadelphia. Deeembir 11. 101,1,
The annual meetlne nf i,e tn, klioldtn
lot the election of Directors for the cnulne
year will he held at the hanklnc home.
Turtdai, January ll.l'JIU, between IS o'clock
noon und 1 o'rlotu 1', )l,
M. o. HAKlirt.
Cahln
HIE llUUMlEl.riUA NAllONAI. IJAM
l'hlladeluhla, Deiember 11, 1013.
The Annual Election for Director! will be
held at the llanMnc lloune on 'Iticedsr.
January 11, 1010, between the hours of It
hoou anil I 1. 31. .
HOnACB FQHTESCUB. Clibllr.
diiiii:m)s
(ll.DKMr HANK IN AJIKUICA
T1IK 1I.NK.IK .SOIirii AMUIIICA
(.National Hank)
Philadelphia, January S, 1018.
Capital 11.000,000.00
Kurplu , 2.2.-.0.000 oo
Undivided I'rollu . . 140,(188 SO
2S0tli rinlunnual llhldrnd
The directors liae tide day ileclared
dividend of 0, payable January 3. 1818.
B. D JOIIDAN,
Ceihler,
KLKCTIOX NOTICK
lpSl'MANKLIN NATIONAL UANK
D...U,.u?,1u.u,, t'Ueetnut Utreete.
Philadelphia. December SOtb. 1815.
k.Lh0...ni,u1' et.,:Uo? ,or director will be
held at the banking- houee on Tueadar. Jan-
S'S .MVl l?I.1 J be bou,"y,of
noon and 1 o clock p. in.
E- P. FASSMORB. Caihltr.
DlltECTOUV Ol" ACCOUNTANTS
C'crtlntd l'ubllo
Accouolanle
LAWItENCB E. BROHN & CO
181. HEAL EbTATE TKUST DUILDINQ.
UURNS & SPBAKMAN
Tho ltour
hl'KCIAL NOTICES
lj. ALL I'KHSONb AKK UK1CKIIV CAU-
" Uened acalnit harboring or trueilnr
v. u v,aw w, in,
PUBLIC ACCOUNTANT?1
flt)L ESTATE THUST ff
UHlL.k .. .T
Katharuta Park, from Olaesow icotUni
i ilia in pteron. Matter, a u debts of
" cootractloif will be paid by Tb T Waiter.
fn?t orb) f
&Vft5f1MW,lw CQ" 'T
Bring Your
Income Tax
return to us and we will pre
pare it for you, or furnish you
proper blanks and Rive advice
and suggestions. This service
will be rendered without
charge and held in strict con
fidence. Your return must be
filed by March 1st under pen
alty of fines ranging from $20
to 1000. May we .not serve
you?
William P. Bonbright & Co., Inc.
MORRIS WISTAR STROUD, Jr.
Manager
37 CHKSTNUT STHEET
I'hllnddjilila
NriT York lloaton Detroit
London: William I', nonbrlsht & Co
l'nrli Ilonbrlcht & Co.
Ajax
Rubber Company
Stock
Bought Sold Quoted
Descriptive circular on request,
Chandler Bros.&6q
ilemorrj o .Veto Vorfc and p;,(;,....r., 0
Stocfc Bxchangts il
34 Pine Slreet, New York
1338 Chestnut Si., Phila.
3 N. Markel Sq., Harrisburg, Pa.
i
. Union National Bank
Manufacturers National Bank
Tiie aboe-namcd banks having consolidated their business for
their mutual interests, wc would be pleased to have all customers of the
Manufacturers National Bank call at the new home, northeast corner 3d
and Arch streets, where your old officers and friends, together with those
of the Union National Bank, will be glad to greet you and accord to you
all courtesies which you have heretofore enjoyed.
Statement at Opening of Business January 3, 1916
ASSETS
Loans and Invest
ments $7,123,723.68
Due from Banks. 1.434.169.67
Exchanges Clearing
House 435.949.64
Cash and Reserve 1.498.575.40
$10,492,418.39
LIABILITIES
Capital $500,000.00
surplus and IN e t
fronts .
Circulation
Deposits . .
421.184.13
543.497.50
9.027.736.76
$10,492,418.39
W. H. CARPENTER, President.
"WHY NOT MAKE THIS YOUR BANK?"
The Market Street National Bant
1107 MARKET STREET
PHILADELPHIA
December 31st,
1915.
Resources
l.nniiN nnd liiM-Kliiirnli. . l".l-'H."'"f'.:iH
line from IliinUn ... 1 ,777,8s I. Ill
i:cliiinK'n fur I'lrnrlnK
HniiHc 1.II7.SI0.I1S
('will mill IlcNcrio l,7MMH:i.tli
$14,810,845.21
Liabilities
rnlltN
Inplliil Mock
Surplus mid Ait
I Iri'iilnlloii
I. s. lloiulH llorrum-d 1 1
Ul'IIIINlfH) .
HeiioNltN ....
$ 1, 000,000.11
i,-iss,(iiiu:
liUOViMJI
3
.-.O.OOOJ
i iM'iT3.'a
$14,81 0,84 j.1j
The. pcpMt facilities nf this hank ar nlwavs at the coilimaMl
of its depositors. It gives the assurance of absolute safety and thj
very best service,
j.ymi:s i- .sui.MVAV. r.
l'reMldi'iii.
WILLIAM I .si.N.MVIT,
Cnahlrr.
..,.. ii i if l.l'. Jr- '
VliT ITmlilt!
i-im-ii iv k.i'1'.I.I.ISSV,
NHNIiint Cniikly
err y,
$4,681,900
OF PHILADELPHIA
FOUR PER CENT. BONDS
Dated January 3, 1916 Due January 1, .946
Intereit, January 1 and July 1
Payable at the Formers and Mechanic. National Bank, Philadelphia
Bondt are in reg-ittered or coupon form, in denominations of $ld0 and multiple thereof
FREE FROM STATE TAX IN PENNSYLVANIA
EXEMPT FROM FEDERAL INCOME TAX
NO CERTIF.CATES OF OWNERSHIP BEING REQUIRED IN COLLECTING INTEREST
Legal Investment in Pennsylvania for Trust Funds and Acceptable as Security for
United States Postal Savings Deposits
FINANCIAL STATEMENT
(A officially reported)
Last Assessed Valuation of Taxable Real Estate for 1915 , $1,669,891,999
Total Funded Debt (including this issue), ,.,,,,,. ,,. $127,82O,2S0 . '
Less Sinking Funds , . . , , 22.136.900 i
Net Funded
Debt,
105,683,350
98,120,569
Assessed Valuation of Real Estate owned by the City of Philadelphia, ,
i Population, 1910 Census, 1,549,008
PRICE, 102 AND INTEREST, TO NET ABOUT 3.85
REILLT, BROCK & COMPANY
'306 Chestnut Street
Philadelphia
GRAHAM & COMPANY f w n adit pa,idax,v
321 Chestnut Street
1
435 Chestnut Street
PhUa4l-M
Philadelphia
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