75ry 16 EVENING LEDGER PHILADELPHIA, THTJKSAt 'JANUARY 13, 1916. FINANCIAL NEWS WAR SPECIALTIES WERE BOOSTED; DEMAND FOR OTHER SHARES SMALLER Gossip in the Street That Baldwin Locomotive and Crucible Had Received Additional Contracts for Mu nitions Smelting' Influenced by Mexican News NEW YOniv. Jan. 13. The agitation for Intervention In Mexico, which hrn become more pro nounced followlnft do mmsnero of Americans near Kl 1'nso on Tuesday, had a direct Influence on trading In stocks of corporations holding property ucios the Mexican border. There was a good deal of tincertnlnty n-t to what the effect Of demands by our Administration will have on tho Cnrrnnza attitude, nd a feeling of uneasiness about the outlook caused some selling of those stocks this morning. American Smelting and Mexican Petroleum both showed substantial losses in the early trading as tho result of this feeling but outside of these Issues the market tone was generally strong and a number of stocks were established at new high .records. Smelting and Mexican Petroleum recovered partly later In the dayr "War-order stocks held flrst place In speculative Interest In tho afternoon trading. Tho buying In Crucible Steel which has been noted for tho last few days became moro vigorous, carrying tho price of that stock to 61H, and this movement was followed by brisk advances In Ualdwtn Iocomotlvo, ftfew Tork Air Brake and American Coal Products. It was current gossip on tho Street that both Baldwin Locomotive and Cruclblo Steel had received large additional contracts for munitions, and more attention was paid to reports of earnings from theso contracts during the last few months. The reaction In this group of stocks In tho last two weeks Is snld to hava Induced a careful examination of tho accounts, which demonstrated that estimates made several months ago were fully Justified, nnd detailed figures furnished by some of theso corporations wero surprisingly large. With tho reversion of tho speculation to tho war-order group, tho rest of tha list naturally suffered a diminished demand, nnd reactions were noted In many of the Important stocks. Now York Central, which had sold nt 111, reacted to 110, and there was an absence of demand for standard stocks, llko St. Paul, Union Pacific, United States Steel nnd Annconda. American Smelt ing continued Influenced by tho Mexican developments nnd showed a heavy tone. Information which camo to hand from Pittsburgh was to the effect that tho December net earnings of the Cruclblo Steel Company were $1,250,000, and It ivas said that January will make a ory much better showing. Tho last comparison of tho compan's earnings showed that It was making slightly more than $1,100,000 a month. Vhllo somo stocks continued to show slight losses In tho afternoon session, tho market as a whole was fairly strong. Copper Sold for Export nt 21'j Cents A sale of copper for export has been mado nt 24i rents, free on board, New Tork. Tho conditions governing tho transaction could not be learned, nor could It be ascertained what delivery was Involved. The volume of tho order la said to have been fairly largo. Trom time to tlmo during the last week or ten days thero havo been reports of sales of copper nt i to '4 cent above the official quotation, but In most of theso Instances there were favored deliveries and tho amounts were small. Some of this metal was speculative, In tho opinion of several trade Interests, who point out that tho buyers of copper are now receiving tho metal thoy purchased some months ago, pos sibly at 18 cents or lower, and those not absolutely In need of It could resell It at a good profit Neu) York Stock Sales AlaOcn Jnnetn. Alk Gold M 23! AlllvCMImert Mff ... 20t Allli-Chilm Mfe pr... 70H Am Ag Chemical ..... Cf)' Am Ag Chem pf D9X Am Heel butxt ...... fxH Am nct Sugat pf. .... 91 m Cn 02 Am O A F ,, fl7 Am Coal Product... lflfl Am Cotton Oil pf . ,, ot Am Itlrle & I;ithr. . 11 Am Hide & Ij pf ... . fi.Tf Am Ice Securities... , 2.H Am t.lnwd ...... ai(( .am i.iiwm pr . . ... 4o Am liwomotli Am Smelt & Itof Am 5melfcn pf A Am S'mcltiTJ pf II m MccI J-oinUrbi Am Furar ((Mining Am Tel A lei... . Am Tobacco Am Wool tt r. Am 7. L & Smelt (l Anaconda Copper Qt Aoociateii on , ., Atch T t S F, Atch T & S V pf. llaldln loco Balds In 1-oco pf . Ilaltlmorc X Ohio .. 9lf Haltlmoro A Ohio pf. . 7Mj llatopllas Mining :i Last close HUh. Low. Clom. nj 9M OH AM 25' tiH 25M 27H 28' 27 78K 78)1" 7M 0Q 08H OS's m m os 07H 07W 07K !H 01 01 ruf fliji ow (VS'f 07 07 102 lfi73 100H D9J, 0't 01M li 10J 10' M' 53H 63 25 21! 2T,ii 214 21)1 21 H tl) 40 AO I2t 0.W 02W 02U . .107'- 107K 10.W 101U . n'( IM 91 91 . W1U J71 S7K 87'. Ml". t,7 f,0U .Wi ..I27' 127U 127X 127M ..20.1J," 20.1'i 203!j 203H 4.) 4(1 4.1 43 WHEAT OFF FROM BESTt)N REALIZING May and July Established New High Marks During Session. News Favored Bulls Sales in Philadelphia Yesterday" cio Ait clou. II (th. M. C5SS- .....- Art o. 1 11 1 77 iW Rfi 'pre WW ,MJ . f Amer Trt A Tel ... n 127 12jtt G0W I10'( OflU 89 !tt!i mi 01 03 67! 07J4 .100! 1IMK 100)4 10HK noH Wi on( nojf 107H 10Si ITOt lOO'f 107J 10S 10S 103 Ilftlilehem httel HrooVIn Han Tr .... llrtinsulck Term . . , Hush Terminal . lliitto 4 superior ral Petroleum t'al Petroleum pf . . . lanadlin Tactile ('nt Leather Co Cent Leither Co Df. . . Chile Cnppjr Chlno topper . ., ChesapeaLo & Ohio ... thl Ht Western pf ... thi Mil i. fet Paul ... C M A St I" pf c c c i sil pr . . . C III H 1 X l'ac Cluctt Tea A Co pf . Colorado Kuol i Iron. Col S. south 1st pf 420 804 l.l'j 99U 70' 08H us i0' an 430 S7 II C'J 70' 07M IMM 79 2 42: H7 II nnu 7. ,!lf l,0W 1)44 795 2Ji 425 87 13 09' 75 oow 1"9I 17H' 17HH 17SVJ 52H 52U 2'l 52)4 109)i 10))S 109)'j 10))i 2t 21 23' 23' 54'1 M 54 54)1 1.4'i r.-) 04) f4'( :wji 39 us ;iu ion'( ioi' KK)f lootf IT. i: 1.14'f IM 70 70 IH'i 1!) 111U 111 I7t 4S)S Gold Exports From London May Cease Soon Advices received from Ixmdon today werp to tho effect that exports of jild to this country will probably cease within a comparatively short time. This should prove beneficial, bccuiiso there Is no desire on the part of tho banking element of this country to obtain additional amounts of the precious metal, owing to the very large ntnount of Idle money In this country. Tho mobilization of American securities in Great Britain is looked upon with "favor by Amcrlcnn' bankers, ns It Is felt that wo will receive a considerable portion of these securities In pnmont for shipments mado to tho other side. American Locomotive Earnings Good An official of tho American Locomotlvo Company states that from reports thus far avallablo It can bo estimated that tho company In tho last hnlf nf 1915 earned Its full 3A per cent, on the preferred stock nnd nearly S per cent on the common. In the six months from January 1 to .lunc 30 next the company will surpass this showing by a considerable amount. Tho com pany will In this period be shipping threo times tho amount of shells It did In the first half of Its flscnl year. CURB IMPROVED AFTER HEAVINESS Bid of 160 for 2000 Driggs-Sea- bury Good Inquiry for Oils NEW YOTIK, Jan 13 In the market for outside securities today considerable heaviness was again shown In the carls dealings, although trading at times was listless. Toward midday slight rallies set In on covering DrlKga-Seabury, nftcr a gain of M, eased oft IV. Tho feature In this stock wns a bid of 150 for MO) shares. Jlidvnle Steel ran off nearly a point. Poole Engineering and Machinery at one time showed an advance of nearly flo points on the exchange ot odd lots Marine stocks were lower on small trad ing. Motor stocks were Irregular with some pressure In White and Teerless Maximum Munitions vtns weak Marconi of America developed consider able activity at an advance of about on Inside purchases. Cuba Cane Sugar was decidedly less active and easier In th absence of Inside luylng. Atlantic, Gulf and West Indies Steamship Issues were firmer. There was a fairly good inquiry for oils, especially Ohio, which moved up I points; South Penn OH eased oft 5 points, j and Standard OH of California 1, while Standard OH of New York gained a point I Mining shares were easier, but com paratively quiet. Kennecott was down , ii. while Butte Copper and Zinc Improved Vi. Bonds were dull but firm i INDUSTIIIAUS Ajaz nubber Inc w I Curtli Aeroplane . . . Chevrolet Motor Car Cane Sugar Drl-Bbury .... Jltouee ir, New York Bond Sales Hldl I.nn JL-Oflo Artamii irxprna 4b M s-, 1mxi Almr A- .sua lUi. ... NiP, sil 1Ihi Ainsku tlol 1 r ht. 11V. 11 V. ixkki Amer Aur deb ." . I' l- air.Mi AnKlo-i'r I. ' I'll, nvv, luiiKi Amor Tel rlt 4h litu, ul'j 1'MKMI Amer Tel ru 4' 1M71, HIT'I HK Armour Co 4UH U'4 UV, 14imo Anhlson cen 4n 1M HI'. ICKhki AtPlllsnn iifll 4n S"'. HV-, W Atlan Co Line lt 4 IC. tu, TiirKI All ill Co Lino clt 4a Mil. "xll. IIIO.) link X. Ohio P-ji" till, M'. IILVHI Halt ti Ohio 4a . IUI, IIP, 414 Kilt & Oh c 4V, . l.Sii llMa L'lKil UAt X. CI Snn T.Uh . . tr lij Ul llelh Meel lat '... .lirii. lull, 1lct. HHNi llelli HlfPl rlil ..a lirj III.' irj IMKO Ji A. 1 I'UIB . .. lil llniil llrooltn lUp Tr Sa .. till'. . rfHi nrKn K.ip it na nn iiiiv Clnn s", Mil, 11V, IIS HIT, llll, 11171. HI', ini; S7', vi .li li tomputlne Tab Hec.. 17 47 Conllnentil Can 7s,'( 81 H Contlrental Cin pf . 103 103 Consolidated U3 . . 1424 14) Corn Products Hef ..20 20'i torn 1'roductj Hef pf. u'M 00 nii Cruclblo Stool ...fill OUi C0H Cruclblo Steel pf .... 100 lO'M-4 100 Cuban-Am Susar . l"t 172U 170 ueore i, Co . 00 W( Uen i. Itlo (Irando pf. 20)i 221 0 70 1HW 1H)( 110'j 111 47)J I7' 55 C5 40)5 40l 70)f 8I)i 10S 10S 142)( H2)f 0)i 204 CIIICAOO, Jan. 13. After advancing to new hUli records today, May touohlng J1.20V, against tho previous high point of (1 a on January S, nnd July reaching Jl.52'4. ngalnst cstcrdays top of tho season ot ffl.21'4. wheat reacted -under heavy profit-taking, selling below last nltht'fl close May was cnrrled off to II 2714 and July to tt at. Ktom the bot tom, however, prices rallied on buying by commission houses. May closing at $1.2S(-4, against tl 23 at the end yesterday and July at 11.21,. compared with 1 MTi. es terday's last price. Tho general run of tho news favored the bulls. At the start there was n wave of bulnr. because the cold wave bad extended Into tho winter wheat belt, that sent the market Into now high ground Tho rise started In July, but May ivas bid up sharply on an attempt of shorts to cover. A lot of wheat was put on sale. Price changes In the nfternoon wero erratic From what could bo learned from ex porters tho demand was less brisk Out side trado was smaller. Thero was marked concern over the low temporatuies In the Southwest, and It was said that all the 16. OOO.tXW bushels of wheal at Buffalo had linen aotd ntnl that lindens hml lioi.fi re moved. Hecclpts In tho northwest were light At Liverpool wiient turncj easy, following firmness Shipments from Aus tralia wero prlvntely oUlmntcd nt 750,000 bushels, mostly to tho United Kingdom; 1). W. Snow placed the amount of wheat on farms at 331.000,004 bushels, of which only 2SO,000,000 bushcl9 Is merchantable. The supply of the latter is smaller than a jcar ago. Duluth wired that tho blizzard was tho worst In 13 tears Corn was comparatively dull, but now high records wero made Oats was strongnr, but finished below tho best. I.eadlna; futuroa ranEnd as follows Wat'rt'a upn. limn, 1T I la hi Loo orer 1 Hurt A Sua t 1 P0 do nref .... M J (I llrlll ..... ir.pi Cam steel ... .ii uai retrei. 10S id in iTucime Hieei.. .. ISO riec Hlorano . rtlU 10 line .. ..,,.. .. 40 den Aph pref. ,1 SI Inen Copper ... 41'4 ISO In.t Alcohol . .. .tifl Ins Co N Am . inn S"0 I.X Sup Corp 11 101 ih Nav , Til 1.1 i"n , ni .. .. ru'. pra .isn lft Ih Vol Tr 1 North I'miim 422 Henna . . 11 J lVnna S Mia; 70 I'hlla Co. 41) Phils Hlectrlc 2120 1'hlla It T t e. . I'sn i'uai prer 1W IleaJInK 2.10 Tonopnli nil. 5S)j Ha 42 28 lO'l'l- 82 4 41 103 40 R7 41! 74 .1.-.! n7U 0.1 1 1 41' niiij 21114 n 70H '1 . IM 111 100 44 10s 411 B 10s 4U . S8J4 M 3.-.S I'H 0.1 41? 1 1 r.7(I 03J4 47H 20 20H 8 n-io n 7S!i iU H . 1 14 2S14 ilelm .' All". Tononnh A!ln . . 1 t'n'on rracllttn. 04 1'nlle.l 11 I .. 2771 IJ 8 btrcl 1111 Wnmlr-lr t A H W Weal J A Sea do. SJ 40-10 41 5T su 10't ..01J 3S'4 lit lo 42 ill r RSjJ 10, Wi St in m 101) 42 2S in luim 83 4)4 44 sIW 8VJt tnl! coU BANKERS HOPE FOR MODIFICATION OF INTERLOCKING DIRECTORS A(jB r Recommendation Has Been Made to Reserve Boar ni.ilJ11,Jo TVTot.iVnf Oitipf. AiTniv Wifk Ql!i.. Sagging Tendency Cambria Steel Rumors Tolnl les, OSOS iharrs, rompnred whh 20,100 ulioren jclerdayi thus far this week, 03,210 thnrrs) tamp period Intt week, 12,318 shares. 110NI. Ii us 101J4 1014 IU Tiw no lis iii'l niw 11414 102 102 1 Ili HJ2j KHVfc Detroit Kdhon Dome Mines . . . Distiller) bccurltloi Dill S81 Alt Dul S S X Alt pf Krle Krle 1st pf l.M'i 133 28 um 0 It mn 40' 0 12K ll' n: oa 21 H 13,-1 L'7 40 I) 12 il'i Mi 00 ltl'J 172H on 2J)J 135 273 1(1 II 12' ll!i C General Klcctrtc 171 172)5 170'l HWi n.'ij I Mi IU -M,l lluith 'lorin Itldz s Mum I'rnt I.O.itlHT 1st :, llWIill Tent It 11 N I .' 7ikhi chill i'onntr 7s lliuixi L'hes & Ohio 41-B lino hi K. Alton Is L'lMHi 1 hi & Cum 111 .'s . linn (i (,I ll A. i Ji.fnt In jnnii chl II i. li uen 4s K-ti (M t'hi M A. St I' gen 4n tY4t I 111 M t S ! i ."ui KHI) Chi M .It H I" c 41 , VJOO i hi M ii S 1 gen 4H Nlj 1(11 111,1, lilt, Sst, $' kl'. Illl'i lull, KXI llil, Bid. "I . 40 !.' 411 inn IntvrnHtlntuit Merchant Marine . VII jnirrnniionHi aiercnani Marino pret in Kathodlon Hronie vttt lanhiitln 'Irunslt . Mosna Copper . . Maxim Munition Karront arltn Arms I". Allied 711, iv 4i,i, SS fn do pref M,rt.l Htcel .. Oils Eltvator ., PMrlcn Motor Perm Marina , niker-IIfzeman niernnK uun I e ctfa auhmarln, lit tTnhaeca IVoducta f'nltot IroOt Hharlnif World Kllm , . IVhtte Motors w I Oil, STOCKS. j.i-in 3. tin . 13 IT, mi; 11 . . . .i. . ni -in .. 71 SI . 71", 71. .. IV, llT . . '."l In . . 5H ll :: Oli . . 40 III!. . . 31 :ci .. 14 is . 12 31, . 4bV, 4U1, Coaden Oil VJi f'KtorU Oil .. . . . , 1IIM.NI. BTOCKH, Butt C & Z V t rtfa... .... aoldflld Conaolldated . . . . Krunacott lloiiiwr Nlplaainc MInea Co Yukon UoM ... IVutrrn Paelflc w I at Jo Lead 1V, IV li in, si'" 3" 15H Tobacco Co. Sella German Properties LONDON', Jan IX Deputy Chairman Joseph Hood, preaidln? at the annual meetins ot the IJrtlsh-Amerlcan Tobacco Company today, said that the company's interests' in Qerman companies had been old to pne of the largest German banks (th the consent C the British Oovern mtnt. The transaction was made on the condition that moncv je paid until after the uar Mr Hood ndicaled that special losses to the company consequent to the War were not likely to exceed half the sum of 1,500,000 already transferred ta the general reserve for that purpose. The company's net profits tor the year were 1.KO,000. cr virtually the same as In thei preceding year, notwithstanding the payment of 115,000 additional Income lax and Increased freight charges, war fcrsurauce, eta 4IMI Col .Mlillnnil In JIM. I I hi IMl "in iin.) Comiiut Tnh m . . M 7H011 Del it Hml ctinv ,-9 I 0.1(17 lixm Del & Hud rM la ... HT'i llXKI Hen A Itlo Or la 7hi. 1(00 Den A. lllo Or rfd "is .ITiJ VNM Dciroli I nlted 4i:a 77 JiMili Ills Seiur lor n 'i 7il :.(KXI Ini Pont I'ondir I'ja link) I-lie mnr (a er A !um Ilrle trniv 4s rer II. .'(4) 1-rle prior 4a 4IKII) Ur.inb lla . . tmii 1I0 e( ' " lrMUl Ilud . Man In Ss . IMHI ln.ll ilia aleel .la lOmi low.i Central rer la 3Jmi Ilia Cornier cv tla 1IKI0 Inlerti Met I'.s. nniilMIl ltur Mnr Mar ct 11 lnV. II (l Intern Ht Puniji ct 3a 771, 'Olll Kfn Cllv So a ... Ill .1.1(111 I-.uk i bteel oa 1IIMI H Kl I.k 1-h ilili 4a lll.'s 1UI do Ht'l. 4 Hill .'(HH) l.lg illTJl Mk li ili 7a tltui I.nula A Nuah 4a Imni llanlMUan li . ... lKm.1 Minn e. St I. la ,iin M h. (t T lat 4a MOO llo HiJ .. liiail Mo l'ac 4a ru4ki iio iv Sa .. :'iim Uo Ha ... asj Mont Pner r,a .. SSonii N V O & It 3a limi do 4Ui liJlMXI N V C lul 1I1J1, .Vl.j unij 1 'M , .1111 'J HI'S .1.1 1171, . inn oi, .us 1-31, ins ins .-it uta N Y l'y 4Vja May no 441J .lii . Ill . . MT, 01 1171, '17 liii.l, .iri' ,,1, , hll, -.1 1 1 r I'hV, KliLl 0(1 N V llork 4a ,-Jl K V N it & II Id J(HI N Y O i. V lat 4a ti.VK) N Y liny adj 3a In) N Y Tel a-en 4l,a HKlO N'orf & VV',t Pnh 4m. K!iL. IHHI ,a ct 4ltS . HI. MOO doll . . ml' 7(im Vor P.ic prior 4a . UP, IKji4) Nor l'ac Ken .la tr.i .-Mm Ore hhort U ret 4a .. 1,1 UH Pacllli. Tel 3 . . Haiu Sinx) PeniM Ken ct 41ta lnl Itiia) 1'tnna en 4l luv, linai) Pub serv N J la imi 40O0 Kock laUnd la Sl, 4at tit I, I it ili. So Ken I1131J S4HIO KeutiOdrit A 1. u,IJ Ca. HiV imii. 107S 1llZ . 07S ihh! 411 lS n.'S I714MI tiouth l'ac cv Una) Uo iv ret t p 3a Li -hi South IVi rfd 4a 11000 bouth Uwy Ken Is faUii do con la . 1UKH) Terja O d,a .iu Tlilr.l Ave new 4a N.00 II H Itublier ba .. 4ii( I' ri bteel 3a ,. 4(.'JO Union l'ac lit 4a l(4l ill cv 4, sou) do rfd 4a HUM rn ltwya d K 4a u a !( 3a 30U4) Uab.p T lat it ill... 1. Au. !.-, .... S7( U'eal NY&Pa lat Sa.. 71'i uin.1 11'.., IT.,ln.. II . r.- " VrV. ,1,W, W.I.U.. ,7, . U IIP, Kill, 1 1H1 V. .-' lOli; 111.', 1 I.", .-.Slj H.i lisi, iu; in IM'l-'N llll', lul nnS II7S M 11171, "7(, ln.'S IP. 10-.1J 111-.' inij KU .-..-.li I'll I, 7U ISS 771, HI 117 IMS H41, l(rj l.'l', ipI 111', 17 3.1 431, vs mi. Kll 01 117, irwi, 751 j 11(1 hl'4 SM-J mi; ws l.-.l, Ul Hali; UO'. lois !K) MW lu.'S IW sii. 1071, III Hi .a !!Sfe 1(11'., 101 U7U n8 H)3 111 DNS 1 liS 7l4 w nn. 1IEIS 11 in, hTi lnlS II1.1, 1 1.", sss i? IIHl, iu: ILI imi. 1111S li 11 iS -' h.1 1(171, H7S 7si, 70 liS 7-S .'!, Ml, I11.I1J 11 v ins: uenerai .-iiuiurs iti (iiner.il Motors pf. ... 1 1 1 Oranby Consol 80 (Irieuc-C'jnanei .... Al'i (Joodrlch 11 I' Co .. 72) j (I real Northern pf. . . 12.1 (It N ch for ore prop. I8)f (JucBenlielm Kxpln ... 2 )' Int Acrlcultiiral. . Int Aerlcultural pf ... tiW, Inter Con Corpn .... 20 Inter Con Corpa pf .. 77 International 1'ap pf.. 4S Int llirv N J ior) Int Ilarv Corp pf ..10S lnplMtlon Copper.... 17)5 lut Mcel 202 Int M it cf dp 2()' Int il il pf cr dp.... 7S) Kan City Southern . . SIJ's I acl, Steel KVt Lake Krlo 4 W pf . . . 40 Lehigh Valley . . HI Llccett & Myers pf ..UO LoiiB IMantl . . . 21 U Lorlllard I' Co pf HO Louli & Nash 12'1'i ilaxwell Motors .... liSS' ilax Motors 1st pf ... h'l Max Motors 2d pf ... BJI',' Mulcan Petroleum . Minn & st I-ouls . il st P . S s M M St I' A S S il pf 1,')7 ii st p a. s s it 1 1 . 7.1 ill) Kan .1 Tex . . ilo Kan A. Tex pf Miami ( opper Missouri Piclflc . . Missouri l'ac tr cfs 470 IU 85 GOtf 72W 12l' IS), 23t 22)i VJ), 20 77), 4H 470 470 U.'IX 111 s.) nr, 47', 4s)j 71U 7U5 124'i 121'i IK' 4SU 21)5 20), 11)1 i 77)i IS 100JJ lO'l), 107 107 17),' 4(r 2()5' 20." 4 201'$ M' 21 r.7'j IDS 77'. IS lllO'i 107 4 .'()' 7I)'I HO, 'I'l 4(i hl)4 ill', 0 7S,' :io' 40 so;. :io'j Ml 40 SOU 110'S ll'IH ll'Ua 2J)5 2.' 22Jj 110 110 110 i.ilISi 12))i 13 J r,si nr,h dss S'l so so 110b 110'i 110 in 1.1 l.f 1.11 1 I3' 1211; 7l.'I mn, 77 li 04 07 (IIS (US nr l.'m ms iili '-it 4.'U 4 imj hit: 03 117S km,'; no4 sis '.Sl fc'i'4 snj w: im, 0.1 i Ul tni 10VS mi M'l KKJ'i I.U14 Slli KITS 712 10.li, 1031, W1J MI', KM IIIS 0.HJ IHJS 4(1 V3 l7l!. w Montana l'ouer ilolftana Power pf . Natl tlo ik A Suit . Nat Knamcl is. . Nat Lead ... , Nat Hy A. il 2d pf Nevada Con Copper Nch ork. Air Urate N N II & II New ork Central.., N V Chi 4. St I. X) O a. West Norfolk &. Western Norf a. West pf . . , Northern Pacific .... Ontario Sll il . . . . Piclflc Mall lVnnsjhanla Pwiphs (lis Chi Phlladelphh Co I'lttibursh Coat . ... I'lttsbursh Coal id. . . Pitts C C a St L ... PIC4 St I, pf . . I'rtssid Met'l Car ... Qulcksilrer It) Steel Spc Kay Con Copper. HcjiIIml' Iteadlne 2d pf Hep Iron &. Steel . . i Hep Iron a Steel pf , I Hock Island Co . . I ltuck Island Co of... Itumely M Co tr r Staboard Air Line. . Seaboird Air Line pf Stars Itoe A. Co . Slo,s-.heff h a I Co. Sloss-S b a I Co pf . So Porto It Sugar . . Southern Pacific . . . Southern Ity Southi m Hy pf . ... StudebaLer Co StudebaVer Co pf ... 'lenn Copper 'leias Co . .... .... Teias & Pacific Third Avenue United Cigar Stores ll)j 16 .IS :.'. 7.Ti no1; 7fi' Jfi'i 08S li Mi 145 75S' 111) 40) 2IHs Ul i:r 7.Vj 71, kh; lis'X ii n 70j 100 ; 77 i 20S' lAW il 15)i 14') 705, 75' ui.'i Hi'J 1 15 l ."l 2l) 121 l.Ti 7Vi on Hi .')7', 5h :M 75) i II OS 77)5 204 (kS)3 0 15) i lt'i i 121 115 754 7H 10W 17H 5'. n 75)3 lOOS 77)5 2(i)i 0S)5 1) 15!, 140 75S' 110 II 0), Wheat May .. . July . . Corn (now Mny .. . . July . Outs- May July U rd Janunry .. .May . . . July . .. Hlbi Mav ,. .. January .. Mnv Hid i i, 1.211 l.22ti ilMlvprvl rviv, "'la JI, Iow. CIne close. 1 27'4 tl ami ti.zs: 1.21 12lS,1120ii 80 rn 40H 10 02 11 X) 11.07 101, not, 10)4 10 70 11 no 11. u 111? igO'J 701S4 WS 411'. no 4SS 10 no io 00 ms2 10110 1100 iio.' hos 48W 10 ,1B 10X1 10.113 1001 11 01) iodo iono ios7 .. in 2i 10 71 tAsked 10 21 1IIN) m I-, tin 11 moo 10 (K) MOirJ 111) 51 COTTON MARKFaT QUIKT; PRICES SAG SLIGHTLY 120', 120),' 11034 120 so); 110 10 . 12 5s; .111 41 .Il'i S8 lKUi 10 12 .'.oij 111 n"; HOW ss ss 115lj 115's' Kh); lll'i 8.-1 07 . 58(5 4 , 3'$ . 24); SJ'i 12 J i 51 52 10 If 100 82 Vj U9'j 59 4 4'J 21'f S2H I) 03, 12 5S)j 111 Hit .IP llfl 82 i OS 67) 1 SOU 21f Sl)f 4:i 51). 10S H l) 12 .Wi lli il'i 30 lllVf 82)i 09)S 5S 1 3013 24!,' Sit, 41 01)4 10S )i ) 13 IS'i ll'f 1I1 01 101 15i 102 UK IM' 152 Wi 57)f WIJ' 8H 02 b.'f im Wif Orders Scarce Keceipts for Day Large Good Demand for Spot Nnw YOniC. Jnn 13 Bnslncsi wns practically nt n .itnnditlll nt the opcnlnfT of the Cotton nxchniiRO till") tnornlnp; Appircutly there Mere no orders nt or neir tho prevailing prices, tho only trnns nctloni bolnB mntle by room traders in sninll lots. A fentu emphnaljlnir tho dullness uns tho fnct there iinn only 0110 bid nnd no trndc In October on tho cnll, with hut 0110 Hale mn.de In that option i to tho end of the Ilrat 15 minutes DnrliiK the last few ilns, October lintl been kIiowIhr considerable activity. The enrly tono xvns stentl, December showinir a decline ot 2 points with other months 1 to B points hlRher Af.cr tho cnll t,u ininkct heenmc stnKnnnt, wit. prlcei 1 to 2 points under '.he start In Liverpool the triulin? wns quiet, but the tone ivns sternly, with nchnnccs of 2'4 to 4'? points or nbout 1 to 2i points bettor t li 11 ti tine. Heavy ralufnll ins Roncril cast of the Mississippi Itlicr this mornlni;. Reports from ninny stations v ore missing. The receipts of cotton rt tho port for the duy weto estlmatcil nt 23,000 bales, com pared with 21.S74 bi les Inst week, 03,503 bales Inst year nnd 37.2S2 bates in 1914. Tin-re wis some Liverpool hilling hero during tho early trading, but otherwise thoro appeared to ho ery little sup port around the ring and prices turned easier ns the session progressed A re liction in the English market probably promoted some local selling on the set back which can ltd the actlvo months nbout 6 to 8 points lower. Ilejo d some discussion ns to the effect of the low temperatures icpoiteil in the south on in sects, nnd pnrtlculnrly tho boll weevil, thero appealed to bo little In the news that nttraitcrt much nttentlon around tho ring, anil tho decline reflected tho Influ ence ot small offerings in n narrow market A wire from Now Orlenns said that Houston nnd Galveston both re ported a good spot demand Yea cloae. Onrn HUli l.oi 12.11 IJ is 12 in 12 11 l.'IS l.'.VI IJ 47 12 7S 1JS1 USt IJ Kl . . . I J III IJ.UI U'll 1JS1 12 117 12 70 1J.71 1JM) IJ SO 1J7S 1J7S 1J71 Ijiflt proi fyw Am ins k 1, ;, tin O dm St acp' 10 lis ns do I Mi 1017.. loiu ns do Mnv 1017. 101M MX) Con Tro N J 3, 1H2 .IIkiO City OHs 10.11 O) 12V)0 do 4a '41 rea; iOJS .ll ilo H!(0 Won tnlerM Km 4, .1714 r,s roio Kov 11 lat .".,. Hi iin'4 1n".0() I.k Mm Ini. 4, 27 " 11 SKK) I. Nav ens 4V4a.1(U tol'H lilt'; 70m) I, Vnl iren 4 s tu 021, 02 initio I. Vnl c'onl r.. 101S 101V 101'4 l.ii) Prima kmii 4Ha 101 101 101 1(100 I'eoti Piaa t o 4s .. tlli IU14 Via) J '111 la (.'n cons .la ID l) IK) lir) ilo llils . tis lis lis 1100 l'lilla Klee As lom llll", lid .10011 ltnaillno- gen 4a 1)1 Hit, in .Vjoo ilu 21 ?., tins liov, 110), IKK) do Imp 4a I)7S IUW H7'l 2VU0 Stand llua 0 .100 100 lOO Clote. no ns 10!', ion, 10m 10114 in is mm 2J loi J, 11 1 j, 101 n m 00 OS llll ii.m 117', 1H) Total anlra, f.lOfl.H.11, romimrrd ttlth $122, 22H yr'trrilnyl thu, far tills nrek, t!ID2,2li1i sntne period Inat ueek, $112,0.10. Local Bid and Asked HnMwIn ,.,, . ... Uult & fins t c do (rer Cam Stffl 1 lee fltornRo .... Uen AspJmlt , . rlo prcf K?tono Telephone no t c . ,. do pref . , Iwilte hup Corp . . . l.phlrh N'rivlKiitlon .. I.rhlKh Hllcy . . Lehigh Vnllcj Trnn . 1I0 prrf .. IVnna . . . . . . l'hlli nice lMillii Co .. . . ilo ." per cent, pfd . do (t ikt cent. pM. . l'lilla II T do t c . . npntllne Tonopnh Itelmont... Tmiopjh Mlrilnc I'nlon l ruction . rnltnl (Jns Improv U H btetl . . lnrk Ha1hny . . no prci Todny'B YcatrnlA) ' Jill. A?Kni. Jim, ARKeu, lPTI- lOT" HW4 .ni. 7i; 01 Win Cramn t c 70ij "I'i 141 UK 14U 14V Ul 71) 7SI, 714, -!)', SI tsij m ,IN', .LSI'. rsi, r.nj. 2S 2s'i 42 41 :n .Hi 41V; 41 10 til'l 10 llll, 81 4 4V, 0' 7 M'l S1 M, OU .14 ni 81 M .111 .17 74(i 111 7()(, 141? Il'i 111 mi 7si, K'?J 1S(J .IS1J 25?: 4.11, lll'i 111', fi'1!, 41 Ml II .11 SI KISi, 411 (It .14 711, 141 W. 70 II 711 81 1X14 ;;iiti r.sj! JsH 1 .in 41 10 41H 7r. Mil, 11 83 Financial Briefs January March iMu Jul ivtober , Dei ember HJt . . Iaut 12 1.1 IJ IS 1J..VJ 1J.S1 1J.11 1J.71 12..V) BAB SILVER NEW TOMK. Jan. 13.-Tb prlca ot com marclal b4r atlTcr iltvliotJ 14 to Sola ccou Way. Pari Bourse Sluggish FAB1S, Jan, 13. The Bourao wa aluf ylab to4. Union National Hank Changes At the meeting of the L'nlon National Bank directors today for organization, several changes occurred W. II. Car penter retired from the presidency and J. 8. McColloch was elected in his place. Mr. Carpenter was made chairman of the board, lie has been connected with the bank for 32 years and In tQe banking huslness for 53 years Mr McCullough has held the office of vice president. Louis N Bplelberger was elected a vice president and Theodore II Conderrnan was re-elected as a vice president. Mr Bplelberger also continues to till the posi tion of cashier. Samuel Carpenter, for merly cashier of the Manufacturers' National Bank, wblch. was recently taken over by the L'nlon National, was elected assistant cashier. 121j 13 13 , . 17U ltff 171' 301 i IJ 39)i .IMh 1M5 IM fi'JH OJ son 102 101 101 IS-' 151 15.-. .1021, H)'H 102 . L3 SiH -1.1 . 0.IIJ 05 ftK 154.W IM 152 .11:1 noK noli . 5'J 50)i b7ii 221M 222li 22IU . b' 8H HH . OUf 02U OH,' OW Uli Uli timed Ligar .iwres pt iif y, HJt United tlsir Mfrs . O.'lf 02if naif bnloa Pacific t:j81f VMli 13?)i U7f Union Paclflq pf ..... y.1 b.1 ! SJ United rruit 1411, llUJ m MM U h Ind Alcohol 131M 13ii 13 1 1331, 110 IU UK4 IU aii J3 'JIU ai'f 1I)I 10 10 10 37 20 30 JO 40 30 3'J 30 . .!f iSH 551, 55 . bOH 5H b5JJ b5)i .U7JJ U7Ji 117t I17i . 70J( 701 70f 70 . 4711 17H -17K 47i . GO LO GO CO KHi 10)( 1BH 1G1S . 48 4SK 471. 47, alii 3Ui 31), Alh . Utti 08H tloW B0 , 311, 31H 31U 31U . bH MH ,, bSh fll S Ihla a1,,. ,-,. ....J..1 .- .-.-I l U S Ind Alcohol rf U b tat I 1' & F. .. United Itys Invest United Hii Iniest pf U b Itealty 3c Imp . U b Hubber U b bteel U b bteel pf bUh Copper Ya-Caro Chi-in .... U Iron Coal i. O. Vi abash . ., Wabash pf A Wabash pf II West E &.M....... Western Maryland, tt clem Union Tel ttlllji OitrUnd. MtontciUli W Co.. 1.031 120H 110H HUH NEW YORK BUTTER AND EGGS NEW YORK. Jan. 11.-UUTTER.-Market aWuiiy Ilecelpta. UO.ll packasia. Kxtra craamery. a.lc. , hljber scoring-. 31c: fcuio dairy, i-llc Imlutlon ireamery, 2rifi23V,c KlUS Market Heady Ileielpta. 10 7J0 twekasu Ultra a ral a, .Hjl ;: llrna. .Jjuo UWc.. nearby uhttts, BlKKlc , mlied color. XMjJIi: . nearby brouna, 378Jiic i refrigerator (lrita J3623hc. LIVE STOCK QUOTATIONS CHICAGO, Jan. 13 -HOGS-llecclpta. 31.004 Mixed and butihar. U.t5'u7 M aSxl heaVyT 7 3&V7.S3. rouh heavy. iai3a7 20, Ilaht! U.bSu7 45. plga. 0 23ea.7J. bulk77Mto CATTLB-Hecelpta. BOOO. Market atronr. Beaiea. li.UlB0.75. con a ana helteru. tl lOii U , HAVbn l! .'"jaa Si, ..!.. .jiflln bl V yw ,.-. T. ,w ". wa, f4MV.,v,w, SIlEBr' KecelHe. 10.OOO. Market steady. i ana ivcaicrn. i 4UVT Oil. Unite. 7W at i.n Liierpool Cotton LIVI1RPOOU Jnn. 13 Spot cotton wns In good (lemnnd today nt nn ndvnnce of 3 points, on the basis of S 20d for mid upland. The sales aggregated 1J.O00 bales. Including 10,000 bales American There were no Imports. The market for futures closed easy on near months, (steady on distant positions, at a net de cline of CKi points, to an advance of Vi point. FOREIGN EXCHANGE SEW YOItK. Jan 13 -The feature of tho foreign exchange market was tho extreme ncalmess in Italian lire, vhlch broke bensatlonnlly to 677 for checks, a decllno of 15 centimes nlnce July 1, and a 'new low reiord. Sterling was a shade easier while marks hardened. Shortly after midday prices stiffened somewhat, demand sterling being quoted at 4 76?,. Sterling cables wero quoted nt t.77',. Otherwise tho market was virtual ly unchanged, with u comparatively small volume of business being transacted. Krancs cables were quoted at I.83V4 and checks, 4 83U- KelchsmarKs were quoted at 757i tor checks and 76 for cables. In foreign exchange circles today, while there was a somewhat better feeling, the volume of business transacted was small. RATES FOR MONEY Call New ork H,ii2 1'hllaUelphla Hill! Ikwton i Chicago . . 31,64 4 i4l4 Commercial I wwr, three to alx months. 1111 adelphla, Jl,Gi imt cent. Tho Snpulapa Mining Compnny doubled tho dividend rate on the common stock by declntlng a monthly dividend of 1 per cent, pajuble xcbrttniy 1. The company also declared u rcgult r quarterly dividend of 2's tier cent, on the preferred stock. The Bank of KtiKl.ind today bought 1:1,037,000 bni gold nnd embarked 10,000 In sovereigns for IJgjpt. Tho Victor Talking Machtno Company has Just declared a special cash dividend of $10 per share (10 per cent.) on the com mon stock, payable Janunry 15 to stock of record January 12. This is In addition to tho regular quarterly dividend of 5 per cent , paynble on tho same dato which waB declared last December. The Tonopnh Mining Company's option on the Tunk Mining Compnny Includes in addition to Its Interest in tho Da 11 a Cruz District, tho Atlna property, which adjoins tho Tonopah Mining Company's subsidiary, tho IMoti Mining Company. The option given to tho Tonopnh Mining Company expires ...ay 24, 1516, nnd If ox ctel.Hi'il, cnlls for tho formation of a (2,00), 000 compani, of which Tonopnh Mining Company will receive CO per cent, and Tunky 40 per cent., but. In addition to tho Btock, Tunky Mining Company will re ceive quite a largo sum of cash. Russell S Hubbnrd, former vice presi dent of Ilnrrlson Brothers & Co., Inc., was elected president tod y, succeeding U. S. Perrj, resigned William Hlchter wns mado treasurer. The New York banks gained from Sub treasury vesterday $319,000, and since Inst Trlday J3.270.000. A new company, a subsidiary of tho Cnnadlan Car and Foundry Company, will bo organized to turn out all of tho war orders which the Canadian Car and Toun dry Company now has on hand. Theso orders are understood to aggrcgato more than J164,000,000 In value. Tho now com pany will be capitalized at J10.000.000, and tho funds for the financing will be sup plied by the Itusslan Government. Thomas linmon, Jr , was elected as sistant cnshler of the Tederal Reserve Hank of Philadelphia. iiivmn.Nns omri: oi ii.tuitiMiN wins. co., inc. 3100 Uraj'a lrr) ltd., I'lilladrlpliU. At a meeting of thu Hoard of Directors ot lliirrlaon lira. & Co., Inc., held thla day, a dividend of (int. unit tliree-quartrra per cent. (Ilil) SI.7J per abare, waa declared on tlio outstanding preferred capital Hock of the company, payabla l'rliruary lat, 1010, to Htorkholdera of record 11 1 llnae of bualneaa January IMltli, 1D1U The tranafer books of the company will be tloaed at 3 p m Jan. Sdth, 10111 and will reopen at 10 o'clock a in. Wed. l'eb. "d. mill. T J ARMSTRONG, Sec'y. Philadelphia, Jan 1'.'. 101(1. TUB MKCH.ANICh' INNUlTvNCU COMPANY' ()!' l'llll..I)i:l.l'l!l. , January 12, loin The Board of Dlrectora have thla day de clared the semiannual dividend of live (5) per rent, or l3 per share on the capital stock of the company. Checka will be mailed. JOHN A. SNYDER. Secretary. Time SViftl Ul1. BANK CLEARINGS Hank clearings today compared with corre sponding day last two veara llil", i-iii inn PhlUilelphla.J40.(.nj.lvs Jii.74l.l0i i-4i!mmm Uoaton .. rf1.tai.0.is JU.rsil.ipiil siUioriit New York .1I7.1J:I.1J7 2707h'.ius SlSsriBJY Si Uoula. . 14.JW.rill M4UIU4 ItStafcll Clllcugo ., S.'.l,i:W B0.7JJUi( (J.T.'0.(i.'t JIETAL MARKET NEW YORK. Jan 11 -The New York Metal Exchange quotes tin Ic.iq-, at 41c. 1 lead la easy and unchanged, spelter la quiet. aVinuary oftered at ITbc . cbruary 17c March Wo. KLhCTlON NOTICK (r5''1'1115 CKM'KAI. NYTIO.VYl. II INK lX& OF l'IIIIJYUii..,A January 13th 101a At the Annual Meeting of Stockholdera of thla Bank, held January llth!im.,,0,cd: lowing gentlemen were elected Director for ,, S..VH.HB ,vw. T Wlatar llrown Oeorge Durnham. Jr. William Wood John Pltcalrn Charles II Smith Henry W uiddle Charles Whltr William T Killott At a. meeting of the Board of Dlrectora held tbU day. Mr WILLIAM T ELLIO-rr was unanlmoualy r-!tcied j'rioM.nL WIU.IAU POST Cashier. Charlea E. Ingeraoll V. A. Jackaon Ajiuuel M Curwen Clarence M lirowa Avery D Andrews Stevens Heckacber tugene L, Klllaou ANNCAI. MKBTIN'tiS iTSfr Or KICK OF llAKRIMlN' HHOS CO., Jt' Inc.. 3100 Gray's Kerry ltd., l'lilla. At the Annual Meeting of the stockholders of the corporation, held this da, the follow ing were elected directors: James Douaon. Thoa. a llarrlaon, Francis L iUculneon, Jr. Ituaiell S Hubbard. John T, Reynold,, w. J-'rederIck Snyder, Clement Diddle Wood. At a subsequent meeting of the Hoard of 1)1. ractoru the following orrlcers were elected: Russet! S Hubbard. President; Wm. Rlcbter, Treas ; T J Armstrong. Hec'y, ' Philadelphia, Jan. 1'.', 10)11. 'T&" NORTH W K&TEHN NATIONALIIANK kiEr Philadelphia. Pa . January lltb. 1016. At the Annual Election, held thla day, the following Dlrectora were re-elected: Edward A Schmidt Edw c. Shmldbelaer Olio C. Wolf Harry A. Poth l D. Chas Murlha Otto W. Schaum Godfrey R Hebman Wm H Seiern JohnE. Hanlfen Llnford C. Mce A. Raymond JUrt loha It. Llvezey AndyBrunn ..., Joaeph P, IVIttman L1NFORD C. NICE. Cashier. Li-OAI. ADVEHTISEMENTa OTlCE TO CREDITORS Mark Malatestu. 100 bo. 33d i . hi. sold hla buslueaa to Uruulgiiia Jb Uwmano. Settlement wilt be made Krlday. January 15th. 1916. at 10 . m. DIRECTORY' OF ACCOUNTANTS CcrUtttd Public Accountaot, LA. WHENCE E. DROWN & CO lali HEAL ESTATE TRUST UUILDINQ. iiUHM, b. SPEAKUAN Tbe Doure Hankers In this city nnd throughout tho country generally nre hoping that the Interlocking directorate clause of the Clayton act, which becomes effective on October 15 next, will be modified As It stnnds In Ita present form bnnkers de clare that It operates against their Inter ests as well ns thoe of tho general busi ness public and that it Is discriminatory. Looking toward the modification of tho net, one step has already been taken. The advisory council of the Tederal He- servo Hoard 11ns rocommenueu inai mo net be so changed as to nllow rt man to be a director In two Institutions, a nn tlonal bank and a trust company or Stnto bank. The Federal Reserve Hoard, In turn, may make this recommendation to Congress, but bankors are doubtful If anything can bo done at this term of Congress, Inasmuch ns It Is presidential enr, and many other things nre on the books which must be cleaned up The opinion seems to bo unanimous that the act ns It now stands will ilo more to hurt tho Tederal Reserve sys tem, nhlch still mny be considered to be In Its Infancy, than to benefit It This In explained ns follows- Tho lnw does not nftect the State Institutions, ns thoy operate under n chatter grnntod them by tho State, but tho national banks are tinder tho supervision of tho Federal Government. Not being allowed to hno nn Interlocking board It is pointed out that tho State Institutions will not Join the Federal Itcscrvo svstrm, ns they would then come under tho Jurisdiction of the Tederal authorities. It mny go so fnr that many nntlonal banks which nro now In tho svstem may withdraw nnd tnko out a Stnto charter. It Is figured hy bankers that the law Is discriminatory because It eliminates Institutions "which hnvo deposits, cnpl tnl, surplus and undivided profits less thnn 15,000,010," nnd located In cities of less than 100.000 population. Therefore, many national binks nro not nffoctod, whereas the large banks, whero nblo men tiro needed on tho boards, rntut W illrontnrn nhn urn nn).. .- ''.u""Wl If nothing Is done for the moEI of thr, law hofni-o It .i'm.0,ntrl national banks In this city stand ti, 1" tho services of some of their mo.? 3 directors. Somo of the dlrectora 5? remain with tho bank wher. .-' , tho board, nnd this Is known to eThSI In nt least one case, where the dirliI or one or the larger Philadelphia Cv! have signified their Intentlor 1 of rtn,,". Ing on tho board and resigning their mS posts, "r Tho locnl market was an unlntermi nffnlr today. Tho price movement kl ; was lacking In deflnlto tn,i,... v' nr tho nfternoon the list gradually 'eweS i?l Cambria Steel niietiinfr.i ....--.."? Ma in-; the result of the Executive HS mltteo meeting today. The Street km ior someining aennito to come out. vS n hlRh official said that smhi.7 15 likely to bo mado public befors tyA end of tho month. It was leftrnM ,M ,1n (hnl CO .1,... 1.. V""S WIS to nil holdors of Cambria slock, iijil a bonus of CO per cent., instead ct per cent., of their holdings in sh&rtirS the new compnny ns hml been nri..!;t reported. This would make th. tZZG vnlue of Cambria about (88 CO per shiriiii As tho day advanced, prices beciua. . V " """"" 'iHtiionai n-d cessions were registered In Ilapld Tnni'tf Lehigh Valley. Storane tlntlrrv r.n'bv Navigation, Cnmbrln Steel, Warwick IronV nnd Tonopah Ilelmont, but nowhere will thero nny marked pressure Brill wm es1' n point nnd Philadelphia Electric lost hiir ns much. In tho bond division Cltr ti' Thero was rt drop of 5 rjolnla In r.il Suporlor Income Es from tho last nrtin. snlo somo time ngo, nnd the stock alia wns depressed. j In tho final dealings selling preMart Increased Unl'cd States Steel s Id aoa' to n new low for tho present movement" .. -, T,lll . .KH.1... ,. 1 . n. . . . illlU JJllll VAIVIIUVU l.O 1UHS IU ft P0lntl., COFFEE PRICES LOWER Outside Buying Absent Freight Rates Still Irregular NEW YORK, Jan. 11 The local coffee market opened easy this morning, with first prices 8 to 10 points lowrr, nnd dur ing tho early operations gave evidence of a moro hcnrlsli scniimcni nmong irnue Interests. There tins an absence of ng grcsslvo outside but Ing nnd moro or less selling on tho fact that Brazil has not ndvancctl In the snmo proportion with the locnl market and on a disappointing cash demand Cost nnd freight offera wero still coming In Irregularly, nnd In somo cases were said to be lower. Tho Interior Is quite well supplied with coffeo nnd continues to buy only In moderate quantities. Today's Yrsterilay'a mipnlna. clnan January i'SSS-JS lliriiiiry .-iinrcn .. , Anrll May , June , July August September October , November December Hid. Sales, MOO bngs .llll J . 7.(iofi7.in . 7 ns . 7 (sfl7.1.- . 7.1U .' 7,Vi . 7..1II '. T.VJJiT.Va (1.0SS7.0O i nun i hi 7.1 Kl7 1 l 7.1MI7.17 -.Jl7.,.". 7.'.ifl7 2S 7 .11817 11 7 l(MI7."!S T.4HHT 41 7.41MI7 4N 7.517 Kl Pittsburgh Coal Uonils Retired The Pittsburgh Conl Compnny, of Now Jersey, has retired nil of Its first mort gage bonds, releasing the (50,000,000 stock of tho Tlttsburgh Coal Company, of Pcnn sjlvanla, which had been used to securo the issue. Directors of Pittsburgh Coal Company, of New Jersey, will meet short ly to consider n. proposition to exchange shares of thnt company for stock of Pittsburgh Coal Company, of I'ennsvlvn nla. Later tho plan will be submitted to the stockholders. Initial steps In the plan to retire the stock of the New Jersoy com pany Included consolidation of the Pitts burgh Coal Company of Pennsylvania and the Monongnhclu Consolidated Coal nnd Coke Compnny, which has Just been approved by Governor Brumbaugh. Both compantcs'iiro subsidiaries of the Pitts burgh Conl Company, of New Jersey The plan under consideration provides for liquidation of back dividends. Curtiss Aeroplane Incorporated .ALBANY, N. Y., Jan. 13 Articles of In corporation wero filed hero today by tho Curtiss Aeroplane nnd Motor Corporation, of nuffalo, with a capital of $6,750,000. Tho directors are Glenn II. Curtiss, of Buffalo, C Horace Kenner nnd JIurray W. Dodge, of Manhattan. MINING STOCK QUOTATIONS, Jim ntitler MncNnmtirn Midway , MUnnli Extension Montana North Klnr Tonopah Ilelmont Tono,nli Extension Tninniah Mining .. Rescue Hula West End Did. ..1.12 .. .03 . .11 .. .22 . .10 .. .11) .' , c, . ,lr) .. .03 COLDriELD STOCKS. Atlanta 21 llluo Hull at llooth .in Ililllilog 1 a o. d m Combination Traction 07 Dlimomlllold II. II m tin Wy 04 nollllelil Cnn l.io Coblllrlit Merger 17 Jumbo Extension 1.10 Kcwanas ID i no , 01 Hind Ken 0(1 Siller Pick 00 MISCELLANEOUS. Tnlry Aztec Klmborly Nevada Hill Nevada Wonder Art? ui M .1 M' .10 M .a M :J1 .M 1JJ .81 . .01 ::8 1 CO AJ Bank Acceptances NEW YORK, Jnn. 13. Business In prlnul bnnk ncceptnnccs continues small, wltsf rates nbout unchnnged nt 2 per cent for? COs nnd 2i per cent, for 00s. Tho tone oH the market Is reported as steady. Adv; ice Individual or General , For a general rovlew and fore. cast of business and finance our; niontlily Review of Financial AND iraae t-onauions v furnishes all essential factqrs.', Individual advlco is of greater importance to those owning se, curities or contemplating invest ment. We therefore invite in-, quiry on all individual financial matters. " Edward & Smith &Co QANKKRS Cbtabmsiied 1S02 iltmhetM New York and JJsl!da,e!pals , Stoch Exthanaet lvnn ,nd Ciicst.nut Sts PniUDt, ' 30 Pist Hrurr Nsir Yon Hooker Electrochemical Co. I 5 Gold Notes Authorized and outstanding, $1,350,000 Dated December 1, 1915 Due December 1, 1918 Interest Payable June 1 and December 1 Columbia Trust Company, New York, Trustee Earnings for 1915 Seven Times Interest Charges Over $1,000,000 of the above issue having been sold, we offer the balance subject to sale At 99 and accrued interest Complete circular on request Bayne, Hine & Company Drexel Building, Philadelphia M. E. Besiell, Philadelphia Manager ! I a. MVr. ' .'7"m (U !- aboui TAX EXEMPT IN PENNSYLVANIA WE OWN AND OFFER $10,000 Pennsylvania R. R. Co., Consol. 4y2s. 1960 4.25 25,000 Pennsylvania R. R. Co., General 4y2s. 1965 4.45 rr. nn all i. n n . . ... . ...., A 1CH" au,uuu miegneny vai, k. k 1st tvitge. is. . . . ii 15,000 Lehigh Valley R. R., Gen. Consol, 42. 2003 4.40 50,000 N. Y. Cent. & Hudson R. R. Mtge. 4s. 1934 4.55 j 45,000 Beech Creek R. R. Co., 5s 1936 4.60 'articular Upon Application A. B. Leach & Co. Investment Securities 115 South Fourth Street Philadelphia New YorlA Itoaton ( blcaso liuffala nulibnsro Ismlon. HM;j , 1
Significant historical Pennsylvania newspapers