) n
EVENING LEDGEIi-PHILADBTJPHIA, SATITBPAY, ,TASrTJABY 8. 191
FINANCIAL NEWS
M
U
MANY ISSUES ESTABLISHED HIGHER
PRICES WITHOUT SPECULATORS' AID
I Ldng Account Liquidated on Declines During Week.
j Short Interest Has Been Built Up Street Attached
I Much Importance to New Submarine Agreement
I ' NEW YOltK. Jan. 8.
1 Higher prices Wo established In ninny Issues In toitny's stock market
I trading without tho jild of any speculative Interests. Slnco Inst Monday tho
speculative) clement has been nlmost unKcrsully committed to tho bear Ride,
md not only has tho weak lonff account been liquidated on the declines which
occurred since then, but a considerable short Interest has also been created,
and the market Is ngaln left with so scant n supply of stocks ni to mnko
advances easy to effect without any special effort on the part of the bull Interest,
In fact, trading had not been long In progress today before It became neces
sary to hold tho market In check, and this was done by some of tho largo
buyers turning to the selling side and supplying part of the urgent demand.
An Instanco was shown In American Can, which was heavily bought In tho
parly trading by C. D. Harney & Co., when the stock advanced one point to
64, and thnt firm found It necessary to discontinue Its purchases and supply
uorno of tho bids, which enme In from mnny sources.
Tho Street wns disposed to regnrd the display of this stork as due to
confidence. In a favorable decision In the Government suit, but In nil prob
ability the chief factor In recent buying has been Information In regnrd to
tho showing to bo tnado In the minimi report for the year ended December 31. ,
Tho annual meeting of tho company will bo held on tho first Tuesday of
February, and It Is expected a preliminary statement w 111 be Issued now
within a short time. j
Tho ndvnncc In the price of crude oil nns nn Incentive to some brisk buying l
of Mexican Petroleum which rose 2'i points to 122, but It hns been apparent '
that outsldo Interests have been rebuylng that stock for the last two days and i
that the recovery wns duo more to this change of position than to any other
reason.
Tho general character of the market wns shown most clearly by New York I
Central, which rnndo an advance of 1H points. Amerlcnn Smelting wns strong
In tho enrly trndlng, opening lit up ut 1114 followed by a reaction to 110n.
Atchison wns repressed by continued foreign selling and failed to show any Im
provement of Importance. London sold virtually nil the stock traded In during
the nfternoon.
The Street wns disposed to nttnch tho highest importance to the statements
In regard to a new ngrcement on submarine nctlvltics in the Mediterranean nnd
to a settlement ocr tho differences arising over the I.usltiuila dlsnster, but the
nctlvo speculative interest took the position that definite Information from
Washington In regnrd to these mntters should bo awnlted. KxtcnsUc com
mittments are made on the long side.
Sterling exchnngo showed a stronger tone, ndvanclng 1 cent to 4.70 nnd there
was a rally of ono cent In relchsmnrks, which were quoted at 74 bid.
New York Bond Sales
, SOno Ailitmn nprf 4s.
' Mmo Amor Ar r .. .
1071100 Anslo-Kr Lonn to .
leno Amu- HM ft I, So
rtinno .mfr Smelt Sec 0s,
80( ) Anwr Tel elt 4
4(K) Amw Tel cvt 4'4
TIKXi Armour Vo 4'4 .
iMiai Atcnison urn ... ... imi
4(leo Atchison rv 4. INTO. KITS
"i Ateninn r.a ..
TOOO inn ft Ohio
.-l.'rflil Hair ft Ohio
Rixnrt n ft o P I, E
rfio netii steel rr.i ., mis
iniH.iixnt
11111
lm
.. nn
..imn
nn
. ntu
,.107
Ulji
l4(
tyw.
4k
H'!4
nan,
40l Ilrook IlAn Tr '
roio ii ft o. ritt v.
4ini rem i.entner iat .,
no"o rent it n N J n
ITOO Chill Copper T .
MXH Chen ft Ohio cv 4'
rv lUs,, fP
ft WV 4 "1M,
10014
.tlllU
m
isflt
NEW STATE TAX
ON STOCKS CAUSES
MUCH CONFUSION
Additional Clerical Work
Necessary to Carry Out
Provisions of Law
..i
"OKI Chi Ot Went 4n . TIV. 71V
2i Chi 11 ft Q Joint 4 . iis ns
.Iran Chl M ft Ht l cv n imu lo-i'S
Komi i hi m st I cv 4'M.IOI'K imS.
2!10 Chl Mil St 1" M I'M I'l III
""" roi a oiiin lftt 4'f ''7 '"
2) Den .ft lllo (Ir rfd r.i r.7'4 ,
HUH lir.'s,
":.
Hien l)u l'ont l'on.ler IH 1
inm den Klee Tin
r.000 Hock M I'd.
Kim inlerli Met 4'i
loot) Inter Mr Mnr ct .
l"w Int Ptenm I'timn ct .1
cioo KHn City So fin
recoil tarka Pteel .- m-.il
4(KK1 Vex Pet Co do 8cr C
"KM Minn ft St t, 4s . ,
4im Mo Knn ft T r. '
,Wl Mo 1'nc to two
4(KK N Y C ft ll1i
4(()il ' Y C ft Illlil
7(iO V Y C ft Hurt 4'4'
V11I V V fill 4 IOVI
inco
1S70()II
I' -n N Y Tel Ren 4IJS
50V) Nor Pne prior Is
ihhki .Nor I'no Ken Hi.
KKfli 1'nelde Tel r.s . . .
LiKHI Penna 4s 1(111
7iiMl iln Ren rt 4'Js
lfKiOrt do en l'i, .. .
I (""I Penni 4'-s )m
Bono PuMie .serv N J Bs
SJkio lienil nx cen 4s .
UHM Iten tr ft m r.s
mHi itork tnlm.l rM Is
H(
7S
HIS
7n-s;
. raH
. 07 '4
123
17
C.-.U
.!'
nn
CU',
P2'4
ll'i,
ItH
M
, in"
,117'li
1 2-'
WHY ARE BONDS EXEMPT?
N Clti 4'4s IIHkI 10I1H I111U4 0H'(
N Y X II A II e -)'4S 72-l4 72f IJr
N Y Un mlj to f.'i rS '.,
US',
i i"i
IV,
1IHIJ,
in'J
Kil
l o-.'d
inp,
ii
ni'i,
nnij.
11
Iksi Hwy St HnrliiBs to 11121 ri'"',
Wra M I.H K rfilrt ntn 4s I.-.,
NEW YORK STOCK SALES
lra Jtinean.
Alakn fiold M ..
Allls-Chalmen XI fg
Allls-Chalm MfK pf(
Am As Chemical...
Anr Heel Siiuar
Am B S&K
Am Can.
Last cIoes
II)
. 2fl'f
. 28U
. Ml
. O'JW
. fi7
.102
IKlh
IllKll.
HIV.
SOU
2'1'i
HI
70
OS
102
(VHf
11 IV.
2,"l
2'Ji
81
70
(kS
102
01H
Am Can p(..
Am C & F
Am Coal Products ..
Am Cotton Oil
Am Hide & Leather.
Am lllde & L pt .. .
Am Ico Securities....
Am Linseed
Am Linseed pf. ......
Am Locomotive
Am Locomotive pf...
Am Malt
....112H 112H 112H
Close.
ll'J
2S
20!i
HI
70
0.S
102
(?
1124
7l!
iau
50
11M
4' i
20
22H
40U
00)1
101
8M
m
H 73'i 71U
1C8 W)ii 15STi
r,5H SO SO
11U 11!, 11
C1H C-IH 54!f
. 254 20 20
m n3 22JS
40'i 40 40!
00 00' 00
10O' 101 lOOJi
, 81 8M 8M
AmfemeltA Ilo 110H 111 HOJi 110M
Am fcmelt & Hef pr..,112Ji 113M 112!f 113(4
Am Steel Foundries.... 5SX u'J'i 59 50H
Am Sucar IWlnine. .. .110 U0H ll.'ih ll.r!(
Am Tel 4 Tel 127Ji 128 127JI 127H
Am Tobacco 205 204 201 20-1
AmTobpf now 107M 107H 107H 10715
Am Wool tr r 45 40V4 40 404
Am Woolen p( tr r.... 04)t OIK Dili OlJi
vlra7. L i. Smelt 70'i 70! 00'i L9K
Anaconda Copper DOW U1W 0OW I'OH
Associated Oil 7(H 71W 70H 704
tchT & S F 107W 107i 107 107W
AtchT&SKpf 0OW 00. OOVf 09W
Baldwin Loco 114H 115W 113W 114H
BalUmore & Ohio WU 054 01W 0j
VatorUas Mlninc .. 3M
Bethlehem Steel 424
Brooklyn Hap Tr . . . rJM
0"4
77H
37 W
0
Illch Im.
O'i I)'. U
10 15' I5W
1484 1504 140
7.-i'.' 77U 7,;'!
Brown Shoo pf.
Butte & Superior .
Cal Petroleum
Cal l'e tioleum pf. .
Canadian Pacific. .
Cent Leather Co. .
Chesapeake & Ohio
Chile Copper 244
Chlno Copper 6-1't
34
140
874
9SW
78'1
33' i
714
1804 1814 181
53 534 534
054 05'f 054
21W 244
554
34
430
874
03W
774
174
70 W
55W
34
430
87H
08U
78W
.174
70W
181
63H
05)1
214
554
14 1
Chlcaeo at Western .. 14W II1 144
CblMU & St Paul . .101H 10 1U 101W 1014
CblHl&rac 194 19)1 18'1 18U
Cluett Tea & Co. 7.1'i 73)1
Cclorado Fuel & Iron- 51 514
Col & Southern.. 32 32' j
Computing Tab Itec .. 40'i 48
Consolidated Gas.. . .14.IW 1I4W
Corn Products ltef ... 10i 214
Corn Products Kef pf. 9J4 014
Crucible Steel 05Ji 01
Crucible Steel pf.
Cuban-Am Sucar..
Delaware & Hudson . .15.1 15 ti
Den & Klo Gianda pf 214
Detroit Edison 133 i
Diamond Marin 1004
DUtUlers Securities ... 47
Dome Mines 184
Elec Storage Bat 05
Krt 425$
Erie lit pf 57)1
Erie 2d pf 524
ledMin & Smelt 35
led Min & Smelt pf.. 50)1
General Electric 172
General Motors 450
Cireene-Cananea 49W
7J' 7Ji
fil'l 51W
32 32
48 48
1134 143'1
20 201
!)l 0-14
01 0J4
1004 1011 100)1 109)1
153 15.1' 15.T1 15.1'i
1514 15.1)1
21)i 22
132)1 1324
100H IOC'S
Irt'l 40'l
135
1004
47
284
044
421
58
5.1
35
57
284
044
424
57)i
53
31
50)1
173! i 172)1 173 J i
400 400 400
50 491 4UN
284
0l)i
424
57M
53
34W
501
Goodrich U K Co 7.14 744 7JJS 73'i
Goodrich B F Co pf..l!34 113-, 1134 1134
Great Northern pf 1244 125)1 125 1254
GtN cfs for ore dtod. 49)1 19'i 404 404
UuecenheJm Ex 234 23)1 23 U 23)1
lot Acilcultural 24 24 21 24
Int Agricultural pf.... 01 034 COW 03) i
Inter Coo Corpn 20 204 204 20H
Inter Con Corprt pf... 704 70' 70J 70Jf
International Paper.... 11)1 12W UW 12
lntemat Paper pf 48W 49' 1UJJ 494
Inspiration Copper..., 45)1 404 40V1 40 i
IntMMcfdp 21)1 21, 204 21!i
lntMMplcldp 794 80 784 79)a
Int Nickel 2004 201 2014 202H
Kaa Clljr Southern.... 314 314 3IW .11)1
Kan City Co pf 044 04)1 04W 01)1
lack Steel ai4 854 81 854
Lfhlsh Vallej
Licsett Myers...
LoriJIard P Co pf.,
Louis & Nash
Mai well Motors , .
Mai Motors 1st pf
Max Motors 2d pf . . . , 544
May Dept Stores to
81)( 81)1 814 814
202 201 2004 201
110 110 110 110
1294 129W 129)1 120)1
714 7Ur 714 714
904 00)1 004 00.4
50 55 SO
59)1 S0)( 594
Utan&St Louis 13 12)1 11)1 124
I 61 r a S S M . ..12th 1244 1214 124W
Mexican Petroleum..., 110)1 1224 1204 1214
-lex Petroleum pf
St --.0 nan et lex ..
Mbml copper ,
Wbsourl PacUlc .
Mtsourt Pac tr cfs
(oatana Power ..
Itstl Cloak & bun.
if ITuiuitl S. S
hat Lead
ht Lead pf
IM..
1014 101
. e)i 04
38)1 38)1
5)i 5)1
54 54
75 77
77 77)j
284 284
tOJj 70'1
iij mw
101
04
8)1
54
54
77
77
28)1
70
101
64
3S4
5H
5H
77
77
2i4
70
mw U4)i luv
ELKCTION MITICK
j- iilt.MiIJI NATIONAL. 1IANU
V? Hiaait acil Cbotuut btrneU.
PbiUdeipbU. DoconiUr 30th. IMS.
Til mouual eUctlou for director will b
lIa Bt th Imnklns riouk oa Tucdayv Ja
unn 1Kb. ISIS, brtiieru lit Uuur ( It
tvu td 1 y'llorU p. m.
m, p PAtfSlirjRB. Ca.hl.r
A3SulEl5TlGK
'It.r. IliiiiUt'U-lllA .NAUU.NA1. UA..
' foUadilptutt, Dcvmtr II, 1UI3.
, Auuu.l r-iKiuun lur uireriors win ut
it4 at, the Banking lou oa Tum1.
J.nur tl, 1911. Ikiwoh ib bour ut II
hum '"! ' '" II
llortCK FnRTBSCOE. Cj.Bl.r
' t cioxirV lHr "liiiiri Sorletr '
( - VWIinl
ACU E r -vf Mtf tlrjr nr rl ft hell
t p ( hl I -,1 mii rr?etqut
Mifilju' J n o I'tfc. flu i Sii-ilotl:. '
1 ' nu riaf. 4a(.
Iist Unse
Nat lly t M 2d pi .
Nevada Con Conner
New ork Air Brake
N V N II II
New o: Central .. 100
N V O & West. . . 29W
Norfolk & Western 1214
North American . . 71
Northern 1 aclflc 11(15;
Ontario Sil M . . lll't
l'enn It It ASW
Peoples Has Chl . ... lOOJi
I'lttstuuh Coal .. . .Il'i
Pittsburch Coal pf....U0
Pressed hteel Car . . . fl4
Pressed hleel Car pf
i(y bteel hpc 41
Hay Con Copper 251
Iteadlne .1 H'i
Ileadlne 2d pf . . . . 424
Hep Iron i hteel . 3 i
Itep Iron A. Steel pi . 1094 109
Hock Island Co p.. . . '1
St L&S F2d pf .. . 8
Seaboard Air Lino . 18
bears lloe & Co . I8
Close,
ll's
154
149
4
HOW 1094 11051
29W 29W 29)1
I21A 121 121
734
lilt',
11
514
1 104
35-
1094
031
.1 73
no'i now
low l .
5S! .'0W
ltd 110' J
ri .n
10SW 1C9W
02)4 034
ns St l.mils Mnn 1st 4
.'iism .sentonnl A ml "
irnsi South Hell Is .. .
"l M.utli Pc 4s
avoo South Pnr rv Is,
.Tlisin iln r ret f i ,is ..
isssi .'outh Pile rfd 4s ..
tnmi .South Itwv Ken 4s
lino Month ItlM roll .Is..
2lf"l Tlllnr Ae new 4s.
4isi i; M lluijlier ft
Nun 1' H hteel -,s
liim I nlon Pne 1st Is
(,mi fnlon Pm 1 1 Is
vs) rn tna irn
7IKXI Vii I'nr dim 1st .Is
Isnsi ilo Us ,
17i"i n Itns .s
WHll nl,-P T 1st rt Is
1ISSI West Plei r '
UXH1 West Mil 1st 4s
run
W'
lll
S7'A
llnil.
. !)'
71 'i
llll
si
.liili.
11 i.
!7.
II IK,
4
nsu,
iu.
is
'i
pint
nsH
HI
111
innii
tnv
t(l
1(11'.
10IJ,
llS
mm
Ml
li'fH
l.-T,
;n'j
luS't
inn
s
vii.
Inns.
Vi't
lici
s.!X
litlli.
IHI'4
117'
ILI'S
4-.I4
IIST,
Hi.",
117'.
I
nun
nun
iM
10
mu
IfKl's
1 -.!,
10IS
K"l,
HP,
unu
in
li-n,
i-s,
711K.
IM".
llsl
S7'.
N'
1111V
isl't
71'.
IKI
until
10l'k
H7"(.
1111.
i-.i..
us';
nu.
lis
'I
I nn.
Totnl sales. $I.IH5,(l(llli for ret, Si7,7!l7,
IlliU) Inst urek, ';7,()S1,imn.
WHEAT RECOVERED
AFTER DECLINE
Late Buying Sent Prices Above
Yesterday's Close English
Market Easier
10IW 104W 1014 lot's
42
25 W
S3
12W
o.l4
Scars Itoo & Co pf . . . 125
faloss-Shelf S A 1 Co. . 014
I
25W
82!
12)1
5.1
lll't
W
;w
18
185
Southern Paclllc . .101
Southern lly 2.14
bouthern Hy pf. . 01)5
btudebalcer Co 159' 101 -a
'I enn Copper t0 01
Texas Co 2274 229
Texas & Pacific .... 04 84
Third Avenue 01)5 02
Tol St L . V pf . 114 104
united Clear Stores . 0W
Un Clear stores pi n)
United trult no
Union Paclllc . .. lJS'i
Cnlon Pacific pf .... 83)1
b S Cast I P & f . . 34
U b Ind Alcohol Hill
United llys InTest 20
4:
2551
f2'
42W
.I
109
w w
7W 74
IS 18
1K54 IS")
1254 1254 125'
014 014 014
10.14 10.1
24 23) i
0.14 0.14
15SW
59 W
227
01)i
10)i
9H
114
103)j
2.l
0.14
100
004
228
bW
02
10)1
9)t
11W
140
United It) Inr of.
U b Healty & Imp ..
US Itubber
U s hleel
U b Steel pf
Utah Copper
Va-C'aro chem . ..
Va-Caro Chem pf . .
W ahasn .
Wabash pf a
W abaih pf U . ' . .
Western Union Tel ..
W est K & M . .
Western Maryland...
Western Maryland pf
Wheel & L K 1st pf
Wheel A I, K 2d pf
Ulnys Overland
to.ortn e W Co. .
37
39 1
504
b7
37
10
60)1
874
117W 117!i
. cO'i bl)i
47)
.112
. ll4
. 4Si
. 31 '4
. 88W
0
. 31
134
. 174
. 5),
r.a
o1
11)
1404 140
13'IW 1184 1384
834 834 834
21 21 24
13l)i 1304 130)1
10H 10W 194
304 37
40 40
50 504
87 S7n
117.4 1174
80)4 bOW
474
112
o4
484
.114
bS)l
01
31
15
15
4)1
274
CHICAGO. Jnn. S A ronennl of 1!U
(hitlnii, brought nlioiil li nil on.slcr tono
nt I.lvtrpool nnd continued strtimth In
ocenn frelKht rntes, innkliiR ctport bu.sl
nesi vor) liaid to oxecuto. sent tho nlicnt
miirkct into loner leols In the cnrli
I dcnllnRH toiliu Soxcinl tnrKo coinuils-
Bion noimrH wcio rrpoitoil to nnvp nl
tereil tliclr comao mid switched to the
benr nidi'. Snlos to fmclgners In the last
21 hours weto estimated nt nboilt .100.000
bushels Prices recovered Into In tho ses
sion on l)iolii-, fiohiK nbove estcrllay's
Html.
The KiikIIsIi tnnrkrt wns dull nnd easier,
but It rallied from the lowest. An official
report fiom Aierntlnn put the production
of wheat there, nt 181,000,000 bushels, of
Knod qunlit. This compiueH wltl. IK.ftlil,
OOi bushels Inst J car, but the ratimnlo
Is much below rnrller olllcinl Indications.
A Rood demand una lepnrted from the
Continent on tho decline, and it ws
thought thnt purchases would be made,
to satisfy Immedlalp requirements Hol
land nnd Italy cro bidding. The ie
celpts nt Minneapolis nnd Duluth todnj
wero 553 ears, iignlnst 24S last yc.ir, nt
"Vlnnlnca; 313 cars, niraliist 910 cars; nt
Chicago 142 cars, against 132 enrs
Corn was a little easier under soino
liquidation, nlthnugh the market at Llvoi
pool wns stiong but dull. The receipts
hero todnj were 271 cars.
Oats wcio slightly easier An off Ida I
report placed the crop of Argentina nt
"5,350,000 bushels compared with 70,000
bushels last jenr The quality wns said
to be good, alllmugh tho figures were
smaller than hnd been Indicated In enrllcr
official statements. Tho receipts here
todny were 277 cars
!,eai!nff futures minted as follows
V.I'H'o
neai i)pen men,
By EARL MENDENHALL
It Is rather tlimcutt nt present to gnuge
the rfTects of the new I'entisjhnliln Rtnto
stock transfer tnx Ian, ns It has becij In
operation but n fow days, nnd more or
less confusion hns resulted from putting
Into eflccl tho provisions of the Inn It
nould socin that the desired olid, namely,
that of rnlslng additional revenue for tho
State, could hac been accomplished hy
other means Tilth much less lnconcnl-
eiico to brokers and Investors gencrnllv
tt entails n. great dent of additional
clcrlrnl work upon the oflleo force ur
nil banks, trust compnnles, lirokcrs nnd
corporations, and it Is rather difficult to
sec why the owner of stocks should be
tnxed nheii he sells or pusses tltfe to
tlit tn. while the Investor who holds bonds,
mortgnges or any other form of sectnlty
should be free from tnxnllon of this sort
I'mler the present ruling re-quiring
stnmps lo be used for nil sales or linns
fers tho bioker Is ofttli coiiuielliil to
pay a double tax, for Instance. An In
vestor sells 100 shares of I'tnnsjlvnnla
tt.illio-id nnd he Is unable to dcllvei tlic
certificate for twu or thitn dns The
broker must mike delivery of the rcrtlll-
calc to Hie imicliiiser the day following
the sale, and not rpeelring his customers
certlllrnte. must deliver 0110 of his own
or lioriou thr Hlock from nnothct broker,
mill on It ns well ns 11 s.iles ticket ho must
nfllx the nctess.iiy statni-s.
After n few dns the customer brings In
his (.ertllltnte nnd receives payment for
It, the bioker deducting the tax When
the broker sends the certificate tn the
transfer office to h.ivc tinnsfcr undo,
however, he is irqiilictl to place stamps
on the eetlllleate, which he must pay I1I111
scir, ns he has already charged his cus
tomer with one tax.
Ilroktrs. however, are becoming necus
toiiiril to arlous forms of taxation de
signed for their especial benefit, and will
do with this ns thej have done In other
cases grin and biai It.
Sales in Philadelphia
i
Vn) A m ITsn
10 Am Loco
ID Anaconda Mln.
Its iiitrr ft sua t c
is do pre! .
1; Ilrlll JO. ,
n.-,ns Oimbrla steel.
iiO nieo StoroKO
1.1 f... V Am..
. iv . . .; . . ., ,.,i
4 Key i a 1 v p. "--.
110 I-dlie ?up lorp njj
n lhluli Nav . i?H
I .erilRn vnnev . nin
w
II
I)I4
SrS
POU
40
"n
47.
r.s
(VJ4
".
ni
rwi'l
no'i
40
"5
2-lv,
70V4
Al
gflti
po'4
40
'S
?a;j
Tnit
1l(il.eli nl Trnn ,s'Jl , JS i!fri 2 l-ln
M ilo pref s.1 J', Siit nmi
rsr I'hlla r.leetrlc. S'Js ;?) 2? Sm?
lrs- Phils r.leetrlc
1211 I'hlln II T 1 e
ID I'hlln Tr,ut
7.", Tnnopnb Helm
4111 Tonopnli Mln
2" Tenn Con
n I nlon Trnetlon
.1 I nlteil (1 I
.1 1 n Cos N J
i'il I fl Steel
III Westmnielnnd C I
'nJA 21
. in.irt in;
" "-, -I,i
. 41"? 4 1
nt-
it'll
074
2o!4
7
120
07'4
so'
ll
4H
S7H
ll'i
..till snlrs, I0.nl? -lin-e ',nI.Zrtk' 0,,'
111 sluirest lnt week, PI.0DO slinies.
IIO.VUS
I AHt Previous .
Sn e Illch. Low. Clpss
lino m fl I! i. in
ivm Klec K. r, Tr 4s Mt
umo llnrml l.lcc,0) ' ',
isn Jnmes r ftC 4s. 14
KKfl th nl flen.Js MiH
mil I. V Tr ref .s IiJ
vnm l'ennn Ren Is 101
us) I'll eons 414s niljt
svu I'hlln lllee 4s W
.(Kill lteaillne Ren 4s Iki
'nun fnin Am 1 ii
li(si ork Ilwjs
in
!)
Si
101
112
IIII4
If.!
101
iavn
s.1
in
lain
in
no
CIVS
101
112
ntj
i8f
10V1J
ft
HI
10214
11
IKI
S
112
up;
tli
lot
in-.H
M
in
)02'i
0.1
LOCAL STEEL SHARES STIMULATED
BY SPLENDID TRADE OUTL001
Prosperity Should Continue Until End of World War!
Is in Sight Fierce Competition May 1
Be Looked tor .Later
Totnl sales. $;o,.V for the week, $701,711 1
Inst wrel., xf 11.341.
Local Hid and Asked
Toil i
III. I Askel
I'OUEKJN EXCHANGE
Huff R Sus t e .
ili lird
I l.i I. In in ...
t'trnil rli Hteel
Ueelrl,' Stornitp
(lenerni Asphalt
do pfd .
ICev slime Tclcpbotie
no I
ilo pM . . ..
Uike hup Corn . ..
I.cIiIrIi .Vnv
lhlRb Jnl . . .
I i Mull a Tr ..
ilo pM
rennavlvnlilt . .
I'lill i riPitrle
I'hlli r . ,
ilo I s-r tent, urer
ilo il her lent prer
I'lill Itiinlil Irniisli
III I c . .
Iteiiillinr . .
lo'llililll llellllollt
Timopih .Mining
t nlon linetlmi . .
I (las imp
f s Miel
ork ll
ilo tref . ..
Win (.'ramp t e . ..
.i'. .m')
, n t iiiM
7.1 i ;'
. II, Ml
UL. It
7IH 7P.
. ll'i 1 'i
i 15 Ii'.
i.i 70
.. .His Jiji
,. :s4, tii'.
si?'. M
. isi, 111
1SU is"')
.l ,Vi
"it, 2-Ji,
IJl, 41
I"i 1 1
I I'l l.
Kill. in'.
. .Mil 1IH.
. SJlJ V.'l,
II) l
(ll".-lll 7
. Ili 41'.
7 S7i,
. 't MJs
. II H'-i
. .11 .11
SI fc".
Ycsterdav
Hid Asked
4IH 12
HI' i
111
fi'.
&
I.S
sl.
1SU
IS
r.s'i,
,'SK,
U'j
III
ll'i
L'lll
4lJ,
si-
II
m
M
1 is
M
II
v-
l-
(i'l
7li'J
is,
Ml,
i
-s-v,
4Ut
17
If
21
21
i2IA
4
S71.
ol
Hisc in (ti.cl.silvcr
llOSTON. .Inn. '-The wholesale
in Ico
Ni; nK. Jan S-At the oienlii2 ' of iUl(knllc 1 bus been further mUanced
.. . .. .. ... .. .. I. kin 1lfl 1 lnlliotlil
48U
11J
tt)i
IS'.
.f."
UN'S
JUS
43
I.)
AH
17 :
AH
ll'J
lli.
481.'
Mil
88),
oSli
am
15
1'
AH
J7vj
il'.m .::.! .y.j" r.'u.
Total snles, 121,101) kliarrsi for week,
3,029,200 tburrs) lust week, J,3H9,0O sburrs,
JUMP IN BANK CLEAniNGS
Philadelphia Was Second to New York
Only in Rate in Increase
Clenrins of the -hanks for the week
Jumped on the Average "0 6 per cent.,
according to the report Issued today.
New York led with a 109 6 per cent, gain
and Philadelphia was second with nn
Increase of 72.0 per cent
The total was I5.873.2II.3S8. against
1,230,570,163 last week and 3,4 16,728,28 1
the corresponding week last ear.
ItllH. 1913
New York l3,iS1.332(sl,)l,.MB'23l.l!72
!J,i, 187.312.11 12S llll 117".
I'hlUdelphU 2'W 11.1411 ls3.siij.a3.1
ltd tlmore 411 .In) 372 3) 31)2 1121
L'hlcHKO . 3IN'2A0,I7I SM.Uii ns3
St. Jouis . KB B24 KI2 M 151.3'Jl
New Orleans Sil.UU.tl32 sa.otiOlsiiT
IC.
11111 it
4-a
7'2II
31.4
ID 8
31 tl
71
87 0
308
Heven cities
ofher-en le, " SC8-m:!-05 - W3
day 824.1197,087 CSO. (H.Iia
Total all clllci '
AS1 dVl1l. "'00(,-:.lS22.0LI.2I10.4-2 T4.8
1 day.. ,
Total all rill..
for week. 13.870,211.883 13.410.728.281 70 n
783.841.2011 B83 481,832 47 8
Mhj . . .12". 1 2HV
July . 1 17, Ll'j
Corn (new ielher
Mai 77)i. 7
July 7i' "s
oats-
Mny .. 4Si. 41iy,
Jul) .. lir; 17',
lyin
Close, close.
1.-11 1 i.
1 1I.1J US'. 11.17
t.24,
I aril
Januurv
Ma .
Illl.s
.Tnnliuo Mbv ..
1'ork
Jnnunry Slav .
lll.l
in in
1027
10 10
10-r.
is
Ill's
10 02
10 21
77U
. 177H
I"'-
I Si.
11!
10 07 10 02
tlO.T, "III 21
.10 113 10.72 10 0.1
10.10 1 1 0.12
til) 72 MOb.-,
If) 112 1S0.1
11)0.1 vl!l 1.1
tAlCil
IS. -.7
10O2
K(,
10.13
IS 7.1
'111.10
DIVIDENDS DECLARED
("nnsnllilateil Iro Company of Plttsburnh,
uual iiuarterlv m per cent, on preferreil. tnv
uMh Jnnuarv 2n tn stork of recoril January 10
W'njne Title 11ml Trust Conipanj. reaular
Fomljiinuil 2ij per cent, and an txtra dlvHend
of 1 ler cent . pjvaklo January 13 to stock ot
rexoril Jaiuarv U,
Conunonweitth I'ower. HallUHy and I.ljtlit
Companv. riKUlnr uu irterly IV.. per cent on
preferrel ami 1 per lent mi tommun. u
ai.le K'liru.irv I to stink of retont January 14
Peopled (las ompini, recular iiuarterly
2 tier .ent . navaliltf Peliruarv "1 In ui.t..t ,.t
record January 20.
tills 11101111111? II wni very tlllllcult to se
ethe limitations on llerlln utid Vienna
rxeli.niRp One icpoit was 71 bid for
iclchsni.il ks, which would shovv a tallv
from the extreme low record of a full '
point Sli'illnn', which sold late vestir
ilny mound 4 75. npeneil UiIh morning at
1 70 1-H, and Inter was uuoted at I 7i.'4,
vvltli inblei at 177. 1'rcucli pxolinngc wns '
sninovvliiit easier, nt .ISP. for cobles nnd I
" SI for thcekH. Xo iitiotntlniiH weie oil-,
talnablo up lo It o'clock for Vknn.i e- ,
change Italian lire easier, nt ti COV- fori
cnblcs nnd fi 1,1 foi cheeks. (liiHtlnrM
showed further stringth. nt 4"if.ftli. ' '"t1
Swiss held strong, al 5 12!i'ii:. Stockholm
was a little ensler, at 2Sit2.20 I'cictas
wero quoted at 19 10fJ19 13, and rubles tit
2DMI30.
(iciman marks wero nominally quoted
up to 71V5, as fofnpared with 71 nt tho
opening nnd 7.1, tho low record jestcidaj.
In h.mukU1i, Vlinnii LXi'linngo iieoveicil
to 1-' 60, lomparnl will 12 20. tho low
record The strength of Ileilln nnd
Vlciin.i ecliange was In jinrt nttiihiiliil
tn improvement In Intel national political
sentiment nrlsing from the latest nttl
tudo townid tho I'nited States conton
tlnns of the Ocrinaii PoreiKii Olllci
Unoij (Ti,'.. nntiiiilM to JliiO Demand
has been very largo for the manufnetmo
i i iiil.ii I'Splo'lvos, and the iiianuincturcra
ir ihemlcals anil iliugs have been fairly
heavy consumi rs.
NEW YOKE MJTTEK AND EGGS
M:W lOIlK Inn S lll'TTIllt Market
sioiiiv reielnts 1I2H iiaikHKes l.xtrn cream
,rs "k. IdBhei iiorliiu .lie. Stilt.-.1 ilrj urn
Hi linttntl n rmilierv. 22ltf2l.e
.il(li i "Slirket .ui.lv ..nceli.ts -T" ,pi
oris Uxtrii firsts :.H I.' firsts. M M .t .
?'." .'? ..'. :, ,"v.;'1 ':'; ,J. 1' 'Si-
neiri.v uru.wis .imiiv . .L.... -
No fault can be found with the general
Iron nnd steel trade nowadays, nnd It li
small wonder that local steel shares have,
been showing such marked firmness. Tho
only question of uncertainty Is with re
spect to commercial nnd flnnnclnl condi
tions as tho world war draws to a close
nnd foreign bulng Is exhausted.
Then fierce Industrial competition may
be expected lo set In.
This Is probably what Mr. CJnry meant
In his wnrnlng speech tho other day.
While he Inferred thnt the steel trade
prosperity will continue nt least as long
ns the war lasts, he suggested that it
will probably end sooner than Is generally
expected.
There was little to discuss In tho local
stock market during tho two hours It
remained open for business today. On
the whole tho tons was firm, but prlco
changes were devoid of significance 1..0
hlgh Valley Transit made n belated re
sponso to the recent report of record earn
ings, molng up a. substantial fraction,
and Itnpitl Transit also wns In moderato
show
rlemnni. hut nffoi nn a....)
strength gradually e:.serl off Y Bnow f
This company jl3o Is showln si,..
Improvement In earning capaclt .11
some brokers havo been .dvlslne ih. J: 4
chaso of both It nnd Union Trattlon irf
latter pays 6 per ccr.t. dividends en t.
60. so that the yield at current rlc .'
would nlmost carry ni. equal number i
shares of tho two companies even theLv
Hapld pays nothing. '""n
Cnmbrla Steel wns also In good dms.
dcsplto the 10-polnt drop in YourM...'
Sheet and Tubo shares on tho CleViss.
exchange today. It was recognlied iiT.;
tho dccllno In tho latter was duo to lol..
conditions, n rlnt nn.l ivbi.. i... . al
Ing tied tip the plant. The stoeV k.J
Been ruling nrouna 1291 per share.
mo price nc wnicn it is supposed la
como into tho proposed mcrrrer has hi
said to bo m M Detn
Tho nuffalo and Susquehanna stocks
continued to show evidence of nmnt tJ?
Ing todny. This Is only natural In vl l
oi mo receni siinrp upward lnovemen4 5
Investment buying of bonds was aeain t
i-u.u.u iii i, tie, nun tUBiriUUlCU.
had
MINING STOCK QUOTATIONS
TON'OI'AH STOCKS.
ni.i
Jim nutter 1.12
MncNnmara 02
Mldnny 1
Mill. nh Extension 21
VIontana ..
.Northern .Star .10
lonopah Ilelmont -IV
Tniiopah Intension t
Tonopih MlnliiK D".
jiescue laun "i
Asked
J.1S
.01
.10
,21
.11
L'l.
West laid
.80
GOI.DI'inl.D STOCKS.
Allantn
Illun Hull
1 tool h
Itull.l.n:
COD
I'otulilnatlon Praetlon
Dlamnniinelil II II ....
linlsv
Plorenre . . ...
tlol Ifleld ConsnllcHtcil
Coliiilcl.l Mir cir
Jumbo Kxlenslon ... .
Kouanas
CHo
4.111.1 Ken
Silver l'Uk
... .('I
... .10
. .. .02
. .. .01
... .07
... .01
... .01
. . , 30
...1.10
... .17
...1.12
... .211
. . . .Ill
. . .07
. .0(1
M!!CCM,ANiOUS.
I'nlrv Artec . ..
Klmberl.
Ncvaili Hill . .
Xeva'la VVomler
.01
.02
.1.0.1
21
.03
II
(VI
(II
.("
.1)1!
(SI
ilia
.hi
l in
22
Idu
.OS
.OS
1.7(1
New French Treasury Dills
LONDON, Jnn. 8. Treasury bills of
Iho French Government to the nmount of
"0,000,000 will, be Issued hero soon to
take tho place of bills which fall duo
.Innuntv lfi The now bills will inn for
12 months on n u j or tent Insls
HATES FOR MONEY
Culls.
Nen Votk
Plillnilelpliln
Iloston
ChluiKo .
cnmnicrilal lupir.
lihla .I'iffl per cent
.1
flHWI
to 0 months.
Time
4 niu
t wi'5
rhllaJol-
I5ANK CLEARINGS
It i ik i learliiKs tmlav compared with cop
respiuiilliiK day 'st two leiirs
I'hiliilelphln-ll ;ml,i '.-.'Ui'.'Si
Nevi ..rk .10) IJt.Joi L-H.2.I..1.I)
llnston ..I 17 I 7111 21 MI.7SI
inn.
27..-.10 S
4LI.24I1.3U
211.11 1 3. 121
NORTHERN TilSST II
HPAP9Y
HA II SILVER
In Ixnilon today liar silver was quoted at
:i.",. pence, up )J pence, '
In Now York stiver detllned to 30'. centa
IIUI1IKM18
'IIIK W.WNK TITI.K Tlll'ST COMI'ANV
Wavno. 1'a . Jan 3ih. lam
The Hoard of Directors this ilay ileclarcil
the regular semi-annual dividend of Ivvuunil
one-halt per ciil. ami an extra dlvlilenil or
oim per tent., payable ,lummr ISIIi to
btockholders of record January 10th.
Checks will be mailed
WAI.LAUB C DICK80.V,
TreaHUrsr.
UIIIGCTOKV J(P ACCOUNTANTS
Ccrtllled I'ubllc Accountunts
UWIIENCl! E UIIOWNliCO
1013 ItBAI, KHTATK TltUST UUILOINO.
UUIl.S'a Sc Hl'EAKMAN
-hi Sounss
"1 TiTs''mFi"lfllHlfHliiawiMi i'l ni J
n. m s-s Vi
m-jtvierchant & JLvans Co.-9ff
(SQTH ANNIVERSARY YEAR)
Will Occupy Their
New Offices, Warehouse and Works
2019-35 Washington Ave.
Next Monday Morning, January 10th
Largely increased facilities and stocks in ;
All metals for manufacturing and building use.
Prtntmg metals, babbitts and solders.'
Fire prevention and motor truck specialties.
Frte
Motor Truck
Delivery
"3
New Telephones:
Bell Dickinson 60.
Keystone Race 600.
NEW LOCATION U100 South). 10 minutes from Broad St. Sta. (prid
STREET CAR SERVICE Most available: I
Market St. Car S. -on 19th SL (Route No. 17).
Market, SL Car 8 on 19th St (Route No. 36) to Catharine (800 S.) only
thernut Walnut St Cars S on ?M st (Route Ntj. 18)
SIXTH AND SPRITvG GARDEN
PHILADELPHIA
INCORPORATED 1871
FORTY-FOURTH ANNUAL STATEMENT
JANUARY 1st, 1916
ASSETS
Bond Investment Securities Owned $4,113,162.67
Real Estate First Mortgage Loans 1 ,557,595.00
Time Loans on Collateral Securities 817,217.00
Call Loans on Collateral Securities 2,352,586.89
Bank Building and other Real Estate 329,445.95
Cash on Hand and in Banks 643,971.16
Accrued Interest 20,600.17
$9,834,578.84
LIABILITIES
Capital Stock (Full Paid) . . . ,' $ 500,000.00
Surplus (Earned).. 1,800,000,00
Undivided Profits 218,289.94
DEPOSITS ....0 7,316,288.90
$9,834,578.84
The underslRiieil Auditors, "none of whom Is u Director,
Officer or Stockholder," iih presided ly the Charter of Incor
poration, Iiinlnt: hcen duly iiiipolntcd to audit the Accounts
and AsHets ot the "NOinyiEIlN TltUST COMPANY" for
the jear 1913. do herrliy certify that they hao personally
examined mid crllled tho Assets enumeinted in tho fore,
going Mutement and found tlicm correctly stated and In
accord ultli the books and balance fehects of said Company.
January 3. 1310
William M. Stewart, Jr., 1
Geoiae T. Moxey, , Auditors
Alfred R. Wlggan, 1
Trust runrls Invested ... . , ..; ci -i 407 ono erj
Trust Funds Unlncsted (Including Principal nnd "?1 a '"i5"s,0
Interest aualtlns pistrlbutlon) 354,299,69
Total Trust Funds, $11,781,692.22
NOTE This amount does not include corporation
mortgages nor trusts of municipal securities, amounting to
$16,522,000, held by the company as depository and trustee.
OFFICERS
W. Frederick Bnjiltr, I'resldent Win. 11. Curtl, Jr., Vlce-Prraldenl
A. Athlon Work, Boc'y & Treasurer. John Moikburgrr, Trust Olricor, '
Wni. C. llurlrr, Heal Katate Officer Uillium Henry bnjdrr. Counsel
Ambridgc Nationnl Rank
WASHINGTON, Jnn. S Tho Comp
troller of tne Curicncy hns npproccd tlio
npplicntion to oikhiiIzc tho Ambridgc
National Hank, of Ambildgc, Pa.
NEW YORK DANK STATEMENT
Loans Showed Increase Large De
posits nnd Reserves
NBW YOTtK, Jnn. 8.-An Increase-of jr.
871,130 111 ncliml reserves wns reported by
the Clearing IIouio banks for the trek
Loans nnd deposits nlso showed modr
nto expansion
Total loans were $1,231,150,000, with n
deposits of ,3U,2a,0OO nnd tlmo dcpojltt
ofJ156,lSl,000 Tho nBitrcgato re?ero bjj
$TlT,623,000. Details follow.
CIcnrlnK lloure members, ncrage
txinns. Incrense ... . i;.i mi
lioposlts. Incrcnpo . , 14 snilnn
0.T05 CO)
itu.1 n'tu
limnoni
l) UT.rjoi
Wi (1
7.871, 130
Time deposits. Increase
lleere, decrease
Clrarlnir Hoiino incmCei
I.onn. Increase. . .
Deposits, Increase
Time ilepo.ltic. ilccreae
Ilcserxcs, Increase
NEW YORK COFFEE MARKET
NEW YOriK. Jnn. 8. There was l
continuation of jestcrdny's buying mene.
incut In Oio coffee market nt the opening
this morning, nnd first prices were un
changed to 18 polntn higher Sales on tha
call wero 7750 lings.
Toilm's
openlntr
. i.ii
Todnv's
cloe
December
.ItitiUHrv
IVliiunry ...
.M ireli
April
Miir
.Illho . . ..
Julv .. .
AURUft .. .
September ..
October .....
Nn ember ..
Hid
Totnl enlcs.
7.UI
i.V)
T.'ti
T.'rViVil" !
TO.lKXi bnss.
K.nl
2Si
:i-5i7
Yesterday,
eloe
7.41(1751
(I sso,n
ll'NWlttlH
7 7.mn7(m
, 7 OKI" til
It 7.1 1(7
7 ISiitW
1 T'JI7
7. "!!(;. -ii
7-!2ff7l4
"15 4(1
7 tier i
ANNUAL STATEA1EM
OF THE ASSETS OF THE
2J
Philadelphia Cofitributionship
FOR THE
INSURANCE OF HOUSES FROM LOSS BY FIRE
OFFICE, No. 212 SOUTH FOURTH STREET
REAL -ESTATE AND GROUND RENTS
MORTGAGES
All First MortRagcb on real estate in Pennsylvania
Accrued interest on nboc
BONDS AND STOCKS
$30,29875
1,06-Cisooo
l,01l
Jvl
?l
1W9..,
1941..,
. 1943 ,
1
Northern Trust Company
SIXTH AND SPRING GARDEN
Ph'ladelnh'.i, January C, 1916.
At a meeting of the Board of Directors, held this day, a
quarterly dividend of five (5) per cent, was declared, payable
January 15th, 1916, to Stockholders of record at the close of
business January 5th, 1916.
The sum of ninety-three thousand five hundred and twenty
dollars and nineteen cents ($93,520,19) was added to Undivided
Profits Account, making the total Surplus and Undivided Profits
two million and eighteen thousand two hundred and eighty-nine
dollars and ninetytfour cents ($2,0 1 8,289,94) .
Dividend Check? will be mailed.
A. ASHTON WORK.
Treasurer
30,00000
50.00000
25.875.00
86,00000
i lA-jjnm -9
248;6850ar
627.30000 J
$30000.00 Allegheny County. Pa., A per cent.,
50,000.00 AllcBhcny County, Pa., 4 per cent..
25,000.00 Allegheny County, Pa., 4J4 per cent
86,000(10 City of Allegheny 4 per cent.. 1924
127,000.00 City of Philadelphia, 3 per cent.. 1916-1930..
261,00000 City of Philadelphia, 3'A per cent.. 191(i-934
612.000 00 Citv of Philailclnhia. 4 tier cent.. 1937-1942...
75,000.00 Cit of Pitlshurch. A'A per cent.. 1937-1938 78 000 W
30,000 00 Washington Countv, Pa.. 4s, 1927-1931
40.00000 Allcchctiv & Western R. R. Cn. 1st rr,Iil 4,. 199
100,000 0!) Allegheny Valley Kwy. Co. 4s, 1942 96,750.00 f
15,000.00 Allentown Term. R. R. Co, 1st nitge. gold 4-, 1919. 14,77500 ;
iu.uuu.uu Udiiiwiii Locomotive Works Ist nitge. is, 19-1U. .
25,0(X).O0 Ilaltiniore & Ohio Rwy. Co Equip trust 4,b. 192.
100,00000 Hccch Creek R. R. Co. Ut mtge. 4s, 1936
50 000 00 Helxiderc. Delaware R. R. Co. cons. reg. 4s. 1927
10,00000 IlulTalo. Rochester & Pittsburgh Equip 4s, 1927
10,000 00 Iluffalo. Rochester & Pittsburgh Equip. 5s, 1925
70,000 00 Catauissa R. R. Co. 1st mtge. cons. reg. 4s, 1948
1UJWU0U Connecting Rwy. Co. 1st mtge. 4s, 1951
37.200.m I
I.S
10.500 W
25.250 1)0
100,00000 Easton & Amboy R. R. Co reg. 5s. 1920
15,00000 Elniira &. Williamsport R. R. Co. income 5s, 2862..
50.00000 Eric k Western Transportation Co. cons. 4s. 1925..
35,000.00 Jamestown. Franklin & Clearfield R. R. 1st 4s 19.59.
50,000 00 Jefferson R. R. Co. 1st 5s. 1919
25,000.00 Lake Shore 8: Michigan Southern Rwy. Co. 3Hs, 1997
15.00000 Lake Shore & Michigan Southern Rwy. Co. 4s, 1928
60000 00 Lake Shore & Michigan Southern Rwy. Co. 4s, 1931
100,00000 Lehigh Coal & Navigation Co. Sinking fund 4s. 1954
20,000 00 Lehigh Valley Coal Co. 4s, 1933
10,00000 Lehigh Valley R. R. Co. col, trust 4s. 1926
75,000.00 Lehigh Valley R. R. Co. cons. mtge. reg. 6s, 1923....
155,000.00 Lehigh Valley R. R. Co. 1st mtge. 4s. 1948
200,000 0(1 Lehigh Valley R. R. Co. cons, mtge. 4s. 2003
50,000.00 Market Street Elevated Pass. Rwy. Co. 1st 4s. 1955.
50,000.00 Northern Central Rwy. Co. 5s. 1926
36,000 00 North Pqniia. R. R. Co. ct. 4s 1936
75,000.00 North Peiiua. R, R. Co. gen. mtge. reg. 3.30s. 1953..
50.00000 Ohio Connecting R. R. Co. 1st 4s. 1943
150,000.00 Pennsylvania Company 3tfs. 1937-1944
75,000.00 Pennsylvania Company 4s. 1931-1952
100,00000 Pennsylvania Company 4.s. reg.. 1921
75,000 00 Pcnna. R. R, Gen'l Freight Equip. Tr. 4s. 1917-1920.,
50,000.00 Penna. IX, R. Gen'l Freight Equip. Tr. 44s. 1919-1923
10 00000 Pennsylvania R. R. Co. cons, nitge. 4s, 1943
12,00000 Pennsylvania R. R. Co. Real Estate 4s, 1923...
130,00000 Pennsylvania R. R. Co. cpns. mtge, 4tfs, I960.,,,....
100.00000 Pennsylvania R, R, Co. cons. mtge. 5s, 1919.,,...,,
10.000.00 Penna. & N, V. Canal & R, R, Co. 4tfs, 1939.. ,...
100.000.00 Penna. cc N Y, Canal &, R. R. Co. re. 5s. 193
20,000 00 Philadelphia it Haltimorc Central R. R. Co. J 1951.
75.000.00 Philadelphia & Erie R. R. Co. cen. mtce. 4s.
210000.00 Philadelphia & Erie R. R. Co, gen. mtge, 5s, 1 ' .,,
gen. mtge. os, 19JU..,,
Co. ext. 4s, 1947.,,.,,
Co. 5s, 1933.
iipuuu.uu rniiaueipnia k une k. k. Co, gi
120,000.00 Philadelphia it Erie R. R. Co. gi
175,00000 Philadelphia & Reading R. R. C
50,000 00 Philadelphia & Reading R. K. C
9A.0!H4
49.500 fl ri
IO.U0U.W 1
liUlHur;
69,300.00-
9S,0!'0lW
102,00000
15,75000
49,000X10
32,200 CO
50.75000
2I.2300H
14250.00
56.700.00
101,50000
18,800.00
9,7oaco
82,87500
1 55.000 0)
83,tW00
47.000.(0
52,75000
36.00000
63,000.00
47,500.00
127,3'vw
70250.00
100.500 CO
74,6l
51.12W
io,uoo on
11,w.wj
137.150001
lOl.COOi."
io35aj
108,50000
18.60000
74,25000
216,300.(V
129,00000
169,750.00
55SWW
(Yimnnn TJpadintr C.n tpii mloK Js 1007 ' .. CllftOO
110,00000 Reading Co. (Jersey Central Collateral) 4s. 1951.... 104,500$
il.OOOOO Phila. Wilmington & Bait. R. R. Co. e.t. reg. 4s. 1917 507-bW J
f50.000.00 Phila. Wilm'n& Balto. R. R. Co. reg. T. C. 4s. 1921 149,25000
15,00000 Phila , Wilm'n & Ilalto. R, R. Co. reg. deb. 4s, 1926 . 14,62500-
109,000.00 Pitts., Cin.. Chi. & St. L. R. R. Co. 4s. 1945-1957,,. 103.55000
191,0000(1 Pitts , Cm, Chi. Be St. L. R. R. Co. 4Hs, 1940-1942... 193.802"'
5,000.00 Pittsburgh & Lake Erie R. R. Co. 2d mtge. 5s. 1928.. 5.22400
5,00000 Pittsburgh & Western R. R. Co. 1st 4s, 1917... .'..,, 4,950.00 ,
25,000.00 Pitts., Siienango & Lake Erie R. R, Co. 1st 5s, 1940., 27,062.50
15.00000 Pitts., Youngstown & Ashtabula R. R, Co. 4s. 1943.. 14175.00
110,00000 Western Pennsylvania R. R. Co. 1st mtge. 4s, 1928.. 107,80ttW
10.00000 Western N. Y. & Penna. R. R. Co. 1st 5s. 1937.,..;. 10!350.M
Accrued interest on above bonds , 75,54793
The Bank of North America Stock, 52 shares ., ., ,J 13.312W
The North Penna R. R. Co. Stock. 300 shares 27.973.WJ
Cash in Bank of North America Dec. 31, 1915)..,. 62,25173
Total Assets at Market Yalue, Appraised Dec. 31, 1915 . . . $6,798,105 17
J. SOMERS SMITH, Treawtf
AMOUNT AT RISK, $23,719,4 40.66
Issues tfe Best Perpetual Policy
The Strongest Active Fire Insurance Company In the Worhli