- - - !- ' ,...!... . . Mt .. , -.- "j
' ; " .--- .-.-,., . . ... . .. i r
' TPtXT A TVTrtT A T TVrfrWC! IL
ROOM TRAtE&'S OFFERED STOCKS
AT CONCESSIONS IN AFTERNOON
Selling Concentrated in War Specialties Heavy Buying
Orders in Industrial Alcohol Checked Movement.
Market Situation Hard' to Analyze
NKW YORK, .Ian. IS.
There was no blimmo In mnrlict conditions In today's trndlnp, nbaencc
of oittAldo speculative buying making the tone wavering, mul moderate liquida
tion, coupled with nggresslvo (tolling by tienrlsh room traders, was effective
In forcing prices of many Issues to lower levels. Some specialties, however,
wcra exceptionally strong. Cuban-Amcrlcnn Sugar Refining, with nn advance
of 8V4 to 181U, making n new high record. The buying of tills stock was
accompanied by reports that It will soon ho placed on a 20 per cent, divi
dend basis. '
Tho afternoon session was marked by vigorous trading on tho part of
tho speculative element, tho room traders offering stock nt concessions and
cnuslng somo substantial losses. Most of this selling was concentrated In
the war-order stocks, Including Crucible Steel, Ilaldwln Locomotive and Beth
lehem Steel. Tho leading Industrials and railroads, nt tho same time, wcro
Offered At fractional declines.
This movement was checked by the appearance of heavy buying orders
In Industrial Alcohol, which suddenly rose from 13R? to Ml'i, again lifting '
Its how high record. There was no news development to explnln this move- !
ment, but there wns a disposition to attribute It to pool activities and to the
general expectation that a liberal dividend payment is near nt hand. J
Marine, preferred was supplied by many of tho houses that had been
active In forcing tho ndvnnce. Henry Clews d. Co. supplied ln.OOO shares of
the common stock after It sold nt Its new high record. There was n vigorous '
upturn In Now York Central, which rose from 1099J to 111. United States
Btcel was heavy throughout tho day. Tho market situation was hnrd to
nnnlyzc, somo Interests believing that Industrial Alcohol and other Issues will '
advance In order to facilitate liquidation In other storks, hut this view was j
not confirmed by tho character of the,, selling, outside of the Marine Issues.
Bondholders May Undertake Reorganization
Vhllo It Is expected by Interests well informed on Rock Island affairs
that Investigations and legal proceedings of various hinds will ho undertaken
within tho next six months, they nevertheless believe that tho bondholders
will undertake n comprehensive reorganization nt n comparatively early date.
In tho Judgment of theso Interests, only one thing should ho done, namely,
that tho bondholders should foreclose and work out n comprehensive reor
ganization plan that would provide for a large blanket mortgage. It should
be sufficient not only to take care of existing obligations, but also to supply
tho company with ample (funds through a period of years for improvement
ttnd development work.
New York Bond Sales
V
lnh. Law
iiiv i inn'.
im -
IOO0 Amtt Mrcv r,
,W,Ofl AtlKl-t"T 1. 9
p '"HI Amer Tel fit 4i
lfiimi f.n r-vt l't
oirfo Armmir Co V-
Mr, o Atrhlwin Kfn I .
liflgo ,lo Ml 4 ....
jpni to tv l inMs .
BOCO An ov 4.1 IIKil ,
ncnii ,io cv r inu .
liK'i Unit Ohio :t
.1000 ito 4 II2H
INiMiI do rv 4j , fRIi
r.i.0 TtAO V I.EAWV At... S
wi ii w nwn .I'sn
Clot.
iraH
'''71
1115. mm nitf
tOvV, lot.', )q
. Diu ill ntM
. nitt nil; t4-.
srt
'Q15S
icm,
loan,
I mil.",
1011
mil,
,1.1,,
tsH
S'lH
iCTO lletn Steel 1st &g .,
.tMii do rfel .-. ,.
Iroeii iirook pi t .ii wis,
Irt'i Oil (W.fc.TClcc ft.,
.-,(, Chi liny fin ..,...,
"noil Cent I.Mth lut t .
lotm Cent IMcine V.m .
400il Vent Itlt X J Ss . .
4w Chin cower T.,,.
ireir i hes Ohio Kv 1Kb
.-,of n Chen h Ohio 4i, ,
iron Chi & Kin til Ci. .
,l"i i ni ui en ii.
tl2tt H2U
.lo.ii lft'.H
..llt?i
. .imi'4
. . ni
,, !lt4
..imv,
."'
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i.IW
. . M
v(Kt l hi ft Nwn 3W.
Em Is.
S1' Chi It Q Jolni in. . .
ow v, , ni t w u en ,e
4IKII I 111 II X- I, ,!-- J.
jjilll t.'lll II IJ III :i
jl.oo I. .I HI !
n.1
vl.
SO'i
HI
4IKII fill II
1UI
HU.
."tXKI'C M ft St I' een I
IJIIW1 C M K- St l CV ."rt 11')
tlnon n w a m i ,.v ji&a mt
nrui lev pn .n0
."10) l.'llhHn A H 11a
,.vxi,i Cumlierliinil Tel
in-2tf
lon:4
nt't
mm
KfH
1.12't
MIH
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1CI
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10MI
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ioir.
siH I
II. V(
uri'i
ioat
llTlt
1114
NEW HIGH MARKS
REACHED BY WHEAT
Demand Wns Large Covering
Active Reports of Good
Sales for Export
- -'- ' ""i
Sales in Philadelphia
CHtCAOO, Jnn. IS. a rninpant bull
ninrkct prcvnllcit for wheat today, nil for
mer records on the crop bclnn passed.
May cloned nt the highest, nt $1.31"!A.
against J1.2SW nt tho rtirt ycftcrday. nnd
.Inly ohly 'ie. below the ton. r.t JI.2P1,
itij ' compared with U.2J. yesterday's Inst price.
1i!nv I T,lf' ,1m',l"' wns vtry heavy.
Itiiu Covering Wns nctlvc nnd thero were
ni'; reports of good snles for export. Pro
iT'u nouncert strcnKth wns shown nt the open
S2 . lag. There wns n brief illp In tho enrly
T-JJ4 I dealings on realizing, following a higher
iiiij stnrt, hut the upward swing wns quickly
M , renewed.
jJJJJJ ! Foreigners wcro credited with being
jt4 I good buyers of futures. Green bug nnd
tootj. t "csslnn fly reports nro becoming so In
lrl .... v.. ""- ' ".f '-"" ,. .v.. ...-..
I
Sre. eloi
1! Am Mi . . liM
'0 ,m Mininc . . Tji
.11 Am ltes rref. . O.Vt
41 Huff Hus pref. r,T
M lirlll J r :m
:vi Com Iron. 43
ICTi Lm Sleet 7H4
In' Chlnn Cniiper ....
10.-. i:,ee Slor ll
I to rJrlo -41U
75 Inn Co N Am... Stf
10 Key Tel prff.... ;
4ID Iilte Sun Com.. DH
i"i lnlith Xiv W
in lhlKli V11I .... soi
40 l.rh l Trnnn. Vi
- Mlnehlll .:;t
Ii) Mlml Confer,. . :iih
1.1 North l'entm... nil
4nii J'ennn llnllroml. .1H
M l'hiu Co
111 ,lo 01m cref.
T11- I'hlln Klertrlp.
4W
4
im
4'4n 10014 loon, Innu I Inter In the season In Kansas; Texas anil
Iir-'U IIKH lir.'li ! Oklnhonin
.1 . . finu ,ui ,n7 1 UKiniiomn.
-. l. ;'."::.'.'."". "- -': '..? -." .'j.f 1 ........... -4 i,..in. .. .t. ...... ...... n...
,. iiet ; jiiiii ronv .s rn.iiiii m,;. hit;;,
ii, i;c!i f? km ur ,. ' i-L
1KO I It T tr etf..
t.l I'nln Tmetloo. .
IM Ilendlns: 8:
121, Tonopnh Itel,.., 4,
IM Tonoonh MlnlnjT ri',
to rnlon Trnc .. .. 4',
Iffll l.'nlted (Ins Imp HI",
1 110 l! H Steel Snii
100 Wur Ir & Kt... lOi?
.SO V .Ter Sennh ,V
1:11 wmmor Conl.. i.,'.
:.tv,
nil
ium
isu
Kl)(t
IS'4
.-,l!ij
:isn
in
r.sH
4 I'd
:sn
:'J S2.
41
44',
tr:
R.V4
M'i
oOK,
m
Low.
K
it
nt
t
ir.i
tSJS
.so
1.4
nt
H
.
'IS
run
IITJ
t Irve,
oi5
r.TVi
:m
41
71
.11
01
4IU
mi
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.iiU
p:t
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4.1.
2llJ
MU
"".
S1 15
4d
!',
ilw.
IU
BOND BUSINESS BEST IN DECADE
DESPITE FOREIGN LIQUIDATK
Rapid Transit Resolution to Go to Councils lWffrli
vanuei'iip oaiu lu nave iveiuseu vjnairmanship
of New Cambria Merger
The revival bf rctlvlty In tho bond mnr
ket hns been hailed with enthusiasm by
tho Investment houses. Kven the most
sstignliio bond brokers hnve been sur
prised by the developments In their de
pnrtment during the last forlnlght. Deal
ings since the beginning of the year bnvo
been tlio heaviest In a decade, showing
that the supply of Idle funds Is still, very
great. The big Influx of gold from
abroad, tnken together with the more
flexible banking system nnd the enor-
elimination of 8-ccnt exchange
iumi uE on me ptesent stirfnr ."
ntK.tl.ndopt.on of a fid
There was less activity n ttniut 3
Improvement shares on ,.- r.11.6'' :
the price fluctuated within nnrrn 1? ."
Tbo Street Is divided ? !I? "mtt
whether ntivthlno- in ti,"i."'"'"5n "
will develop this spring cnnib,?,
was Inclined tosaT. posslhle V.T.: s.l
lit" Illn Maui. t..i ... 'viii
rf ..u uuiin Mini
.'"'r,u'c """gnrreeiM
moils prollts neqitlred by tho Industrial ' tlmt tho clinhmnti-t, In ,,'e it.onL 'Vew Terk
romimnles. Iins been tie chief Influenco ' ..-. IL. ?.! Vm.',,. B" p "A lhc board of ,11
zir r: . ,.: .. , ..... "7 . , "" iii'wa imti ocen orrererf i t... .-;
in'ij 1 " " . . , . , ' Xn!,!,er.l"V ."l!it of the .N'ntla,,,1
r,
l,
:xi Detroit I'nlteil li.
KX'.) Din serur (.urn '....
MM) Ifrle ronv 4 Ser H..
led) Ilrle prior 4s
norm Urnnhy HJ
tmn tlrent North lit
:tmo 1 1 in) ft Man In ... .
110.X) Him n Mini rnl 3s.
KIMI 111 .Steel del) 4il...
l.nriti III ( entrnl l ta.,'1...
40tX- Interh .Met 4ii
,11"" llllllll IV I ll- ",.,. 'IP ,T
t.lai'l Inter Mer Mr et I'tB.lniU
1MK' Japiinc.'e new n S IH v
tn;
7(U ",
s'iX,
iffiftt
hid
:tnn
71
iiiij
Sit
7.Vi
1111
.ll
.IS"
. 11.1
. M
. S'X..
. 78-ii,
. 114!
. 11)11.
. 1)7
. Pfi
. S.T.
. ti""l
.1i;;
llllllO N' V cltv 4ll l!lll in 1
I.M'im n v c I'm .Vov Ida. inn
4IHIII I.Ik ft Jl T
1(11(1 T.lcr & M '1
.111 1 I.01III.II1I ,,
I111.11) I.ntils ft Nn-h I-...
.'lim Minn ft St 1, -If...
IP l do .n
inono Mo Knn & T let In
1 1IK1) do 4W."
ihiki lo l',ie l
l:ifi:) Jin Cat' ev r,- ....
.-.ivti Mont 1 owcr ."-
anoii Nat Knntn ft sip r.i
nnno N v ' II ."a
IIKIll N v c tr Mini 4n
ir.i.vi") N v c in
7(1(4
10.
1H)
vr
t'1'4
in
7.1'i
sl,
lfl'2
tJ.11 J
Jill
.11
SUV.
7S
42
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im.'.
P(1'4
II71,
K.1V
p.. I,
in
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r4fc
J"'.",
t()7lj
l(l
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,4
II Mi
.111
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ims
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11.1
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7S
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4D'i
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M
P"l;
117
No New FJnnncinR by New York Central Now
In circles usually well Informed regarding niTnlrs of the New York Central
Railroad Company It Is stated that tho $"0,000,000 which Is to be devoted to
Improvements us regards tho elimination of trne!cn on 11th avenue will not j
necessitate nny new flnnnelng for soine time to come. Affairs of tho New
York Central arc said t bo In better shape than they have been In n niiin- j
ber of years. I''or the year ended December 31 hint the company earned con-
pldernbly more than twice Itn r per cent, dividend, nnd expectations lire, us
wnn stated a short time ago, that tho dividend will be Increased to 0 per cent,
per annum at the March meeting of the board.
NEW YORK STOCK SALES
I-lelnee. IIIcli. Low. Clcee.
Alank.i Juneau (Hi 0'
Alaska fiold M 2.i)( MU
Allls-ChalmeM Mfe. . . 2RJS 2SU'
AHU-Chalm Mfg pf. .. . Ml 8(1
Am Ac Chemical 71H "Vi
Am Ab Chem pf OS 08
Am Heel Suear 07i CI)
Am Can (KIJi 0.1'.
Am Can pf --1 13
Am O & F 71'f
Am Coal Products 170
Am Coal Pro-J pf 1 Hi
Am Cotton Oil ,Wi
Am Hide & !."athr. .. 115 j
Am Hldo & I. pf -.
Am Ice Securities. . .. 25'i
Am Linseed pf l.'l
Am Locomotive !!
Am Locomotive pf . . . . 10'J
Am Malt 8!i
Am Malt pf 3l!f
Am Smrlt ft Itcf 1015
Am Smelt & lief pf...UH?j IK
Am Kmelters pf A 0.1 IKI
Am Steel Fouiulrlpi
wim 'sucar nefiiiin-
n'i OH
27'i
70M
71
l)S
07 i
fi'JJi
J7H
r0
71
OS
m
1I2S 1I2JJ 1123li
ii
Uo'.
r,"
V2H Mli 42)i
00!J MU (15!j
102 102 102
0'5 8M 0
III :i2'4 33'
limis in-Pi i.ij
1 1.-1 1 1.)
I !
.WJf '0'4 AS AS
UVi 113M I14j 115
PS14
10!)
11. Vi
.0lj
I Hi
2.'ii
I2!i
MU
102
8M
:i2H
0
172' i
llo'i
"O'j
ll'i
R5'i
2o,"i
N V
N Y
N Y
Nor.'
N II & 11.
C & II It...
O & West. .
weitern. .
ImsI rlnre. lllah.
12
. 100
. l.-.'i
Am Suear Itcflnlnz pr.HSlj UN's 1IKH 11S5 ; Hock W.md
Norfolk Southern
North American
Northern Pacl.'lc ..
Out Mirer Mln
Pacific .Mall
l'enn Kallru.vl
Peoples (i.n t!hl...
Philadelphia Co. . . .
Pills Coal Co X J.
PltU Coal Co X 1 pf.tl'S
Pittsburgh Steel pf. . . 0'JK.
PlttJ C C & St I ,VI
Poised Stt-ei Car Co . Ill
Pressed S C Co pf l()j
Pullman Co 170
Quicksilver ..
Quicksilver pr n
Hy Steel Spg Co 40)5
Ity Con Copper 24 'i
Heaillnc ,S2
Itepublle Iron .": Steel. .12
Hepubllc I & S pf 109
HOW HI
2 H 21)
IID:i 120
27 21V
lU.'i
Low. Clr..e,
'Vi 71 M
111)',' 110V
2Hi 2s
nil'i 11!)'
2-l'f 2l'i
2!j
(Knn N V fins II ft
K)ii N V IIH.V ret 4- .. .
tn-n N v llivv mil r,
. 1000 N V Tel Ben 4'4-
LUiD N V W (J v ll Mi,-..
t.-,(l(lll Norf Went Im
IIM'ii .Vorf . 'wl ev C-is.
Kim Nor p.u' nrlor I-....
7('(ii Nor Cnu iren .'In
IlKio ore Short I. ref 4. . .
'.'(TO ParlfU' Trl .In
L'ln'il I'enna aen rt l'4-...
ipci t'enn.i 111 IM
tnr'i lien Ir 88 .11
H'ui Uoek I-land In
41 10 Itoek il,,nd rfil la. .
r:n itnek uinn.i n-
::iv Itwv Ptel HPK .1
r.fno ,st I. Ar tl V rfd 4-..
ircirt 8t f.mili" 8wn rn In.
IV! O K..i.i,i,i..l A 1. mil .1
imnii Soiiili Itell .1,1 ,..l")'(
.... ,1 f.f,l 1,1 III,' ,- 1,. ,.
SiVC) do ev r.'t f n .it. .
I.'II.H) 80111I1 Pec iM 4..
4()i Smith lly Ren 4.
sni'il do cm .'a
.-.no Tnxp- Co Us
.T 0.1 Third Ave new Is..
ro-n do mij r,
Iimi I 8 lienlty .In
1SII1HI f S Steel .Ik
Kail flllnll I'nc 1st Ir...
1P0W) do ev In
Jl (1(1 Vll llWV of
(l) Went Kleetrlc ."-. ..
:'(tui do ev .Im
I'.iOO Weft Jld 1t 4-....
('.it'll West Union 4'.,ii...
S.1'4
"4i
r.xit
S'J
!i:ni
l:iii
inf.
.. IM
. . ti'1
. .ten'
..imi
..Hut
. . IIUSi
.. Ml 1
SOS
ii mi.
7'M ',
.. C-Vl
Mlt 1
. .Hl7.'.
.. 104
. . 7 c,
..tnl'l
. . SH
" -
'.'.u'y,
.. H7'4
. . Ii:"',
.. IN'i
..1'"(',
..I'll
.. 71i
. . rati
1 1 Mt 1011
8.1". li'Vi
7 IH 71V
ni' r.sit
us'; ps'f,
S.' H'i
ll.TH Nil,
J 15 1 111)
n:l'., iri'4
in'; intj
HTK in1.
lOIH 1l"l'A
mi'l imv
11(1 Kill
1 uv, imi.
siu sin
v.r,K iii(,
1 1'.'. in'.
7''t 7:!l
cm n.vi
N'l, I'JVs
1'o'i, im
H 1 s '.-.
in'. Iiiii
nvi 'HIV,
7i; 72'i
101 mi
H.IVi Ki.1i i
J-S s
SI M
n''T'i 101.
r.7'; 1 7'.
ti'l'i inn
llSli, !MI ,
irr " 10'J
pn rn
Itecclnts nt Interior points were smaller,
tbo total being about the snme-ns on this
day a year ngo. A favorable Government
snow map was Ignored, Clearances from
tho seaboard were liberal nnd should In
crease with the raising of tbo embargo
nt I'nltlmoro, The forecast wns for snow
and rising temperatures in tbo West.
The vlslblo supply In the t 'tilled 3tnte,
according to tlradstreet's, Is 8.1,775,000 bush
els, a ilcct ease of 257.0CO bushels for the
week, and compares with "8.V,003 bush
els In 1915: In Cntuida, II Is 91.1 13.000 bush
els, a decrenso of 1,40.1,000 bushels for the
week, and compares with 3d.4d5.00O bush
els In 1913; In Kurope, 7G,"01,000 bushels, nn
increase of 3.90n,W) for the week, nnd
compares with 76,700,000 bushels In 1915,
Leading futures rnnsed n- follows:
Vo.l'tl'B
Wheal- Open, lllsli.
Mny l.'.Si l.al-4
July 1.2.IIJ 1.2.1
uorn (new ueineryi
Tnlnl onlei. Is," 1.1 nbaren, i"impnred ltb
14, IMl ulinre- jrterilnyt lliu far Mil- ueeli.
27,Pi:l Mm: enme perlnd Init ueeli, .1.1,087
plnirc-,
HON DM.
Ijlut prev. enle. IIIbIi
.-liHi Ant (. .- i'i ,1-. . iiik iii-
.-.ooii iini'i i,oe in ..n.iniv,
Smm Hlec .1 1'eo Tr 4 s-l
10,10 Kev Tel lot .Is.. PllJ
70(10 Ijike Sup Ine .11. 2.1V
VOOi) l.eh Nnv Imii 4n n7
1'IOts) do eon- 4'4-... 102
:iono Leh VI nen 4U-.101'.
10.1(1 do eon.- 4H "2.X ..
:ioon do Conl Ks. ...tn.11'.
inoo Pen l'n- t e 4i S1'4
10001) Pa Co 4".s
unto Pcnna eont 4'i.-.ll)1W
Horn) I'enna sen ItM.iniU
10-s) l'hll.i Co tons n- 1114
sr do It'll PS
1700.1 Phllit B.ee 4-. ...S'Hl
4IKI do .1- ...till
in--) llendlnc gen 4s. Ii1l
:!(K)i) Spiin-Atn I I1-..1H2
I700O WflUlnch Co ,'.-, 11
1(H"1
si;
HUH
$H
102H
102
mm
1(H)
Kr.
louu
Kill',
lis
.N-r;
lot
r.1'4
17114
low. Clo.e.
.tun. lii'i.
K)li
".
!iiti
2.1
n7
1(12
1011
lIKi
S-'I'.t
KrJ
Inn
Kilit,
l)li
ns
SPi
im
HSV4
1(
P-J'4
101J;
llil4
2"U
P7
imr,
ill!!.
1(ll4
KMI
s.l',4
102,
Kid
llll'i
III.
IS
,M
101
tl.1L,
tin
tn...
Lou. Clo.e. eee.
l.SSU .ZW, l.2s,
l.yfh ti.2iu ti.22
....
tl., 1
in
ll"li 115U ll,i'j ll.Vi
O'j mi !)! 1)1-
12 12 12
M'i .W 5S
iumi ioni lraxf
1"1 4A' Wi
.' :us 3"i
IDS'i
VV)
S'l
fitpi
101
171
1J4
r,
mi
21'i
S2
Ti2
1()71'J 107)j
09)5 10)
Am Trl . Til
Am Tobacco, .
Am Wool tr r .
AmVrltlnc P pf ...
Amz h & Smelt...
Anaconda Copper. . .
Associated Oil
AtchT & S K
AtchT&HKpr....
Ualdnrln Loco
llaldvln Loco pf
HaUlmon.' & Ohio. . .
Baltimore & Ohio pf
Sank of Commerce. .
Batopllds Mlnlns. .
Jli'lhlehcm Steel
llrooklyn Itap Tr.
Brunswick Tcim. .
Dutto & Superlui .
Cal Petroleum . .
Cal IVIiuliuin p( ,
Canada Soutbrn.
Canadian Parillc .
Case J I tr M pf-
Cent l-rjlhrr Co.....
127. 127'S V27H 127!i
2023. 202H 2ir')5 202)5
t."!X 4rii 43 4."i
11 11 11 11
07 0Sj 00 Jf (WH
. hU Ml 8X!i SKS
OS 07) 07) 07H'
107 107M 100J lOOJi
00) i fiOVJ 00 00
now iii)5 iosm un?x I
..107J- 1IW 10S IDS I
.. IM'i 0DJ Olli 04)j :
. . 70!i 7!)i 70 70'J I
177 177 177 177
2 23i 2!s 2)4 '
-ISS -10:l 475 4r0 '
. . 87),' 87). S7)j S7M :
. . 12)- 121- 124 12h ,
.. 75H 7.'H 74 W 75
.. :i3ii :an r,2'- :2U
.. 0711 05V 05 05
. . 581-j 58JJ 5S!J 5SJ 1
. 17Wi 17SI- 17S 17S 1
so as.'t ss)i ss?i
r ( ' s,m w its e-.
-i?i uiia trt7 uoii i
Itocij Island pf
Itumely M pr cfs dp .21!
St Lord Jt S K 51
St I, . S V 2d pf.... 7)
ScaboarJ A IJiin pi. . . 11
Sears Iloeliucl: & Co.. IS",
smss-Sherr S a I
South Porto It Sue. .
Southern Pacific
Southern Pac tr cfs...
Southern Ity
Southern Ity pf
Standard Mllltnc pf. .
htudebater Co
Tcnn, Copper
Teiai Co
Terns Pacific
Third Avenua
United Clsar Stores. .
United Dry Goods. . .
United Dry Goods pf. Vi
Union Pacific nfjjj
Union Pacific pr Kl
United Krult Co 4s
U S Ind Alcohol 1117'
SO
50
101
1CSU
IN!
."'
:;o
2P
S1J
51',
lo'j iom; lost.
1
24 1 i
0
7 If
II)
LSI
COtj
S')
50
101
lOS'j
4)1
0
30
2l's
S3
5IJ-I
21'
0
7'
111'.
1SI
01
(
24'
0
7'
lOlj
1R1
Otlti
150
102) j
Kl
.152 1.VIH 15')
.102)U 102S l')2
USX HOIj III)" 110h
. 2:i 2;i,' 2,! 2.1
. C4 0-1 04 01
.SO K7 SO S7
i.iii ion it, v ir-i-i
S&
0
onf
0)4
Cent Ltutucf Cupf...l00H 111) 100U 110
ChesaiH-jlM. A Ohio... 05 04)i 0-lJf Ollj
Chile foiuA-r 'H 2.'l'f 2.1U l?a?f
Chlno Cupper.. 51)4 5IJj 51 54','
Chlcacofll Western... 15 144 M)j MM
Chi tit West pf ...30'.' 3S?1 :)SJf 3SK
CUIMIII& St Pau.,..100; 101 IIMli, lOO'i
O M &St T pf 131Jf 13." I3IU 134)i
ChlIlIPae 173 17)1 1M 17U
Cluett Pea . Co 70 74t 74 74
Colorado Fuel ft Iron. 4!) 48JI 40U 47
Col ft Southern 31 30 3d 30
Consolidated (las H3)s MHj 1J3 143
Continental Can 81 SOIj SDH M)4
Corn Products Itef.... 22H 22)1 21 M !!'1
Crucible Steel OS E0 (!5H 07"S
Milan-Am sujar 173 181)f 174 178
01H
(iVi
Mi
22,"
7014
137 Ii
s;t'i
I42'j
1454
II)
am
oia
22 h
70)5
137V.
140
01
222)5
S'i
'OH,'
Oh
224
70h
137)5
.S3'.
140
vim 14515
I'OKKIGN EXCHANGE
XKW VOHIC. Jan. I8.-TI10 fcuturo of
the foreign exchange market In tho first
j hour w.is nn advance In guilders to 4l1i
ll'.ii. Steillns sbov.cd steadiness nt
: M.iS-1C for demunil and $1,771-10 for
I rallies. Francs at 3..cr,i for cnblcs and
SJ.',", for checks, and reiclismatks nt T.'l.Tr
1 "3"c., were uneluingcd. Other quotations
' were: Lire cables, "li.TG: checks. ?0 T7;
I Swiss eablcJ. '.17; cbccnii C5.1S; Vienna.
l2.U1ftl2!C)C.: stockbolnt, i7."0f"7.SDc: pe
setas. 19.0Wr11i.12c.; guilders llfiMUe.:
' roubles, -Wt'tWic
With the exception of guilders, which
held strong nt 4 lit I Hi, tho market turned
' a iilindo easier around midday. Hu.slne.xs
: wnn inoileriite. Quotations follow: Do
I mnnd sterling. 4.7ilV! 1.75 G-lrt; cables.
' 1.7": reiebsnmrks 75 '(. liz 75 'J-1C ; fnno
cables. 5.8)"!,; checks, ,n..Sj U ; guilders,
' 44ii I IV',.
In tho early afternoon -utch exchange
' moved to n now high leval nt 44 ".iu'i.i
! 111-2 This wns renn.-lrd 1 lilellv due to
advantage being taken of current pi-Ices
1 for American railway Biviiritica to liiiut-
date. Sterling was a shade taster nt
t.'tilMfi for demand and 4.7" for cables.
For Satunlny, 4.70 1-8 wnn iptotcd fur
demand. , ,
Mnv
July ...
o.it--
Mnv ..
Julv ...
I.nnl--tnnunry
Mny ...
July ...
ItllH-
Jnauniy
.Mnv ...
Pork
Jnnunry
.Mnv ...
Iliil. tA-ke.
71114
7lit4
70':
SO'i
r.tji
0(4
7"
7!H ',
4P'5
7
SO
MI'J
.10 V4
71)' t
17IH.
..10.77
..11.1.1
..11.21
..I1.S2
..11.2(1
(1.00
0 .1.1
11. 1.1
11.2.1
10.11!
Il.l:
II
20.10
.. u.ir
2D.()'I
20.20
ln..n
tll.07
11.22
K1.P1
f 11.2.1
riM'j
'20.42
111.11.1
til. 22
ii.a.i
in.j.0
11.21)
ItLSO
2o.::n
Vh, RTKEBT C0XTINIIEI) TO
SELL, HUT C0TT0X WAS STKADY
Fnctor Dny'a
Tnlnl mile-, $I;13,.1B", cotnpnreil nllli SI!
Ino je-tenliiyt Hiiih fnr till- week, rr.ll.H87;
inline period l;i.l weeli, .'31(13,1.1(1.
Local Bid and Asked
Huff & Sua t c
1I0 pref
J 0 Prill ..
II.iMwIii
1I0 pref
(linilirlii Steel
l!leetrle Storneo ....
(ienenil Asphnit ....
i'o plef
Kev Tel
ilu t e
ito pref
tike Hup Corp
I.elilRli Nnv
LelilKh Volley
Lehlsh Vnlley 'Pr....
ilo pirf
Pepim
I'lill.i r.li'ctrle i
PI1II11 To
ilo tier rent pref.
ilo II per (ent met.
Phllii 11 T
ilo tr etfs
ttcnillnc
Tmlny
111. I. .tkeri.
. nsn ::iu.(j
Ve-teri1.y
tllU. Ashed.
.. .-niii iiT r.s, ...
. . I'M nil ail in
..lliiij til 111114 111
.JOS Kl.) HIM HP"'
.. 7.1-li 71 7l'i 7tlJ
.. c: nt 111 11.1
.. .ti :n :ii.i :u
.. 711 71 71) 71
.. 141, ni; ii, i4-i,
.. it's nil tt'j Mij
. . (ill 7(1 (ill 7u
.. I)'., U IP, l"i
.. 7st, 711 7s'i, 711
.. Ml Ml'! MI'S SI
.. IS), 111 IS), 111
.. nsi. Msi! nsii ::sn
.. r,xu .ii; ,is-s ''.
. . 2S 2S'l 2S 2"i
..II 4 .1 4.1 41'..
. . :i.i "1; a. ,;n
. . l:iVj 14 4:71, 41
.. HI ll'i I!) His,
. . Ill lliti 111 li",
.. SHU S2 M'k !'2',
Financial Briefs
Liverpool Buying n
Receipts Larger j
NEW YOntC. Jnn. IS. At the opening I
this mornlnn tho cotton market was
stendv. tbo new crop months, September '
nnd October, showing ndvnnccs of 2 and '
1 points, respectively, while tho nearby '
options were 2 to '3 points lower. Thero ;
wan continued selling by somo Wnll j
Street bouses, but others purchased, and ',
Hinnll liuvlnt? bv snot Interest:! of Julv ,
wns noted. After tho call thero ap- , I'Vnirth Street National Hank directors
prnrei; u disposition to break nwny from , org.-inlzcd today by re-electing retiring
the usual procedure of lgtiotlng Liver- . officers.
pool, si-id ndv.'incen there caused bulng
erdei'rt here 011 which rulllcs of severni
liolnts v.'rre scored.
Liverpool one" inoro came IiMit than
due. showing gains of n',4 to "i points !
nt the stnrt here and Inter advancing i
about 2 points further, ngnlnnt ",i lower to
1 Iilglicr expected.
Cinld to tho nmoiint of $l,"iO),000 arrived
in Xew York-from Liverpool.
I Charles V, Welsh, or Hubert Gleiidln
j nlii'" ."i Co., was elected a director of
I the I'rnuklln Flro Ifmirnncc Company
I today to fill a vuenncy. Other dlreclois
were re-elected.
v. .. ,nlm JL'
of forelgn-owned Unnlc but that be bad refuse,! 11 C.!tti
r still being steed- to pressure of business. Tho ,ii..Wni5
icmnna continues : from New York also staled ii,, 1 UBI
BiiiB i. v.Hiiipuen, 01 tno Yoitnir-tonn r.:a
I hi! pnny. won d be nmdn r..i.i?I. "."Coma
elgn 1 Jtcploglo vice president. It w, ?
y of hot the promoters of n," m,,!p?"f-,
ocer 1 negotiating with the .S'ew York XiJi
lilt d hi! Cotnnnnv n,1 n, ,.." hSWpi
Company for neniiutiim. ',?!'' St(tl
... i... ........1 1 r, - .. .r -" m snim-M
iiul inu iiiiuiiiiuii .ii uiiu luiiMuii ior ion , ini.it, 1,. ... -'"
.... . 11 .,.- 1 t ,.1 .- ,. .. . -"-"'j ni nie nif,
in 3.1111 iu do ino (leinnliil of llio 1 ..r 41
wnnnn Steel sinpkhni.i. T l"e ''W.M-
To be sure, sales
American securities nro
lly made, but the demand
greater than the supply, surprising
ns that may seem, and this selling
Incidentally Is helping the for
exchange situation nulto Independent!
the Hrltlsh Government's so-called moblll
zotlon plnti. Deposits of securities are
being freely made through the Hank of
Knglntid, but it Is
the llrltlfili Government to sell the Issues
thus ncmilrcd In nny way that will de
press quotations. Hits Understood that
the scheme Is to utilize the purchases ns
collateral for loans nnd thus control
sterling exchange. All these factors, cou
pled with the apparent certainty that
money Is going to remain ensy for some
time yot, render the outlook for the bond
market decidedly encouraging.
There wns brisk dealing In bonds on
the local exchange, today. Wclsbach 6.1
were a fenture with a substantial gain.
Pennsylvania Company 4 'is and tho two
Pennsylvania Railroad 4 ',4 per cent. Issues
were also In good demand, ns were Klee
trlc and People's Is and Heading 4.1.
Philadelphia Electric 4s moved Up a sub
stantial fraction nnd there wits largo
trailing In Lehigh Navigation l'4s.
Stimulated by tho lino report of earn
ings 'published after tho close yester
day, ltnpld Transit moved up fractionally
and so did Union Trnctlnn. Tho operating
ratio of the system in December was r.3.92
per cent, and for tbo six months i.t."
per cent. Klxed rhurges were $47,SOO
larger tbiui the previous six months. On
Thursday trie first steps of the new nil
nilnlstiatlnii looking toward making nn
arrangement for tbo Kupld Trnnslt Com
pany to operate the proposed elty-bullt
high-speed linos will be mado when u
rerohitlon to that effect will bo Intro
duced In Councils. Whpn tho news
reached tho Street ltnpld Transit stock
reacted.
This resolution among other things
piovhlcH tbnt the proposed tigt cement be
tween the city and the P. H. T. shall con
tain a provision for straight S-ccnt fares
ulth free transfer privileges 011 the new
subway and elevated Hues, the Immcdlnto
wnnnn Steel stockholders fn- ',.C.IH!S
A few weeks ago thev ?.?.
WO a shnre,
liaVo accepted
ti.i. . ,. " v.r? W-H
of Increased enrnlngs the eontroUln. ?'
terest Is holding out for a hlahS i!IS
KATES FOK MONEY
li'l. Time.
New York .' tV(2 2'jSia
I'hllmlclpliln 't4 :i"5l
Huston :i 4 IliK
fhlciKo n'jfil 4 il
Uenimer.-I il paper, thrie to nil months. I'lilt
nilolphln. :J3l-l i'r cent.
BANK CLEARINGS
Rink elrtitilpisa tmlay ermp.ircil w'lth corro
rimnillnL' ,1.1V hint two VenrHI
Hlir. 11.11
s-'t. lAlllo ...fl7.12l.2-ll f14.!r.i."1
Chlcafto (,7.12il.l)il .1I..1II.S.42I1
llipt
jil 4.T- IJ.'I I
.111. 1.11.171
Hank Acceptances
U S Ind Alcohol pf. ..112': njjj 111, U2Jj
173 lKDf 174
, I)elare 4 Hudson... 153 153'f 15311 153 'i
I Detroit, lillson 135'i 137H 137 137
J Dl5tllU.fi. Sec Corp.... 10l -I7JJ 411 47J4
DonujJlmej 2S) 2SJf 27U 27J
Krio. 41 J 41K 40t 41
JKrla Jit pf. 57 57 COlj .rifi)X
ita Min smelt pf,, 55jf 55 -.- 5-
Uen Cbvmlcal 290 300 300 300 1
General Kleetrlc. n.. 17(14 17(5s 174 I75H 1
Ueucral Motors 475 4S0 475 4K9
General ..lotoM pf 114W 114 111 114
Uoedrtcl. It F Co 73-S 74 72i 72)j
Ureenc-C-nanei 4H'i 47JX 47i 41t
uraoby tuusol soif k"4 .5' j MM
Ureal Northern pr, ...1214 124! 124 12ti
li Nor rfs for ore pr, -1S 4Si 4S)j 48H
tiuceva Kiploran 23JJ 2:l) 23H 23)(
IIIIboU Ceat 107 I07i 107 107H
id iiaiv i iitij uu 111)
ins AgncuJiuru eim 21'i
Int Asrtcultural pf . . . C.- u
USU II1 & !'...
. USUI P & V pf. . .
1 United ltys Inv Co. .
i United Itys Inv pf. . .
I U h ltuboer
U H Itubber 1st pf. .
U S Kteol Conn
I U .S hteel Corpn pf . .
, Utah Coppei
Va-Caro Chem
! Wabash
! Wabash pf A
! Wauadipf II
1 Wells Kargo Kip
West-Tii Union Tel. ..
Western Maryland. . .
' West K : M
' Whseilne & L K
, Wheel 4 h 1st pf. .
' Wheel & 1. K 2d pf-
I Woolworth V XT ....
, Woolorlh f W pf...
. 50
. 111JJ
. .37
. 55." f
IDS
., h."'l
U7'4
. 70
. 4()'i
. HHa
4S
;ui
fill
30
50
10S
M
1I7U
70H
MM
10ij
IS.'f
31i
.131- 131
01i
31'J
U7i
3)i
13
1
12114 121?i 121
12.lj 12Uf 121
01
3tl
13
llj
-- 4
50
1U!
30
MM
io;
KM
117M
78 u
49'i
HHi
Wi
am
llBJli
m
;iou
3.
13
m
50
10li
30
5.)J
107?4
K5M
117'
7K),
50M
HlVi
4S
31 'i
133M
01
:wi
07'4
3M
13
:v
121
i2Hi
ANNUAL KLKCTIONS
2&
lut Paper Co,
Int Paper Co pf
Int Coq Cor v t c sh.
lot Consol Corp pf...
losp coa copper
IU.'
49
191)
7011
47
IM
49
laix
70!
Wi
2211
2!1M
0.1
11M
49
l'.l
75
40
215
hOL'TH'VAHK .NATIONAL HANK
l'hllailelnlllu. January lTih. lulu.
At the Annual Uleitlon, licl.l un illo lltll
1 Init., thu fullowlnic tucliliolJ..rii wtro eloelod
Dlrertura lor the oi.BUInt tar:
Kilwln A. Merrick 'lorrls flonenbuun,
l''erilln.iuil V. Iloniiarton Sannifl H. n.irnion
John II. llurncr llecrto V. fchoch
I William A. Ilumllton (Ivircu Amleraon
William It. Hortz Kjinuel Hamilton
IVilllam Wi Koulkroil, Jr. Jo.epl, C Trainer
. h.. mu.trin ... .1... 111.. U..I.I . .-I
I01t , .lay. JOHN II. llAlll'liH was auDolnted
lollOtVIIIff
.'1?l
U3
UM
49
10M
75M
40M
!I0
lotN'Icket r I cU- .22"l
let Nickel pf r t cfs HIM U1M 111M HIM
lut M M ef 01 do . . 22M 23' 2 Hi 22M
int M M pf c's of dp. ,S,IM HVi S2M KIM
Kan City Southern. ... 304 30M 30 30
Larfc Steel Co (S2'i K2M SIM Hiii
ItAtaU. Valt.y M)M ttiii 7UM 80
IJwett & Sly n 201 259)1 25'J'i 25U'i
2a 21 21 21
IS1 ISO lbO 180
130 129M !29Ji 129M
79 79 79 79
I07jj ItO 109 109
C7l 07Ji U5M 7
bSM fe9.'i 86M &KU
&IK 7l 53h 5.1U
l4wsWUes BU-ult. .
IxrUlard P Co .
Jjxjli & Nash.
lcfcy Cos
Uit ihlrt Co pf .
Ma?U Motors, ...
Mm Motors 1st pf .
Max Motors 2d pf .
Minn Stl'ibS Jl.
Mlaa i.St Louis ...
Ulna & St Lpf .....
Klcaa J'ctroleuxn ..
Mk I'etrokuni pf
Mo Kii & Texas . .
JJ(tKaa jt Tas pf ,
liiMri Copper
S Hc" tr rfs. . . ..
llHtu Fuiirer
K-t atoult Co pf
"Kt Cloai: & teult-
Nat U1 Co
K.i Huf M 24 pf
Kv li t OPPvT
Chulrnian of the Hoard and I lie
fitiu'crri wuru elected:
I'rIilut. WILLIAM W. KOULKHOD. Jr.
View l're.. FKItUINANU V. HUXNAKPO.N'
VlCtt I're.ltl-ill. HA11UKI. H. DAltilQN
Uollcllur. W1I.LIAS1 S. FUHST
Notary. WALTKIt it. 11UJ1J1KI.I.
TU toltuvYintr uppolntineuu were made:
Ua.lller. UA.W.tt .' MTKI.NMAN
AmUtunt Cashier. JOHN W. COLUMA.V
WALVKII J. STELNJIAN,
Cahlr
TJIK CilttAltlt NATIONAL HANK
of l'hiluiU'lnMu
Juuuur. lSlli, mill.
I At the ANNUAL JIEETINU of thu Mtotk
I hi.ldiri, held on the 12;h Instant, the fullow
j Inr blockhuldra were elected Dlnciura to
I serve during the entulnc sear:
33?
124M 124M I24M 124J
U 9i f U
1 Fruni'l- II. Itcev-a
uaniei luiuaa
(leorso E. Ilurtol
Hudman U. UrUcom
J. Mauran Ithodea
W. Frederick Snyder
IloUrt Toland
Wm. Newlld Kly
lorrl L. Clothltr
John lirlbUI
21M 21
114M 115M
101
latj
a&M
an
an
rsM
99
15H.
33)t
0M
m
n
..126M 127 137
- Sltf KIM SIM
71M 72 TOM
9 &'i Hit
15M 13M 15)5
1
00,
0i
15li
37i
5H
51
77
?$ Air Bf-fai. -150JJ 151)i 118
21
I MM
00
GJ
I5)i
37 J i
Sit
SJi
77
127
S1J,'
71M
an
15H
150
L.o.tfe sl-.l-'addca
KrumJa H. l!cie, Jr.
Wm, W. Frailer
O-orce-I). Huernsurten
J(Mph Wayne, Jr.
Hvan Itimlolph
Murrta 11. Itmktux
Anhui V. Morion
WilHara Jay Taruer
A. J. County
At 0. MUETIMJ of thu Director Ji.ld this
day. FIIANCIB 11. flBBVllS uua unaulm
oualy re-elected Clialrman. aod the folloivlni;
oUlucra uoanlmoualy re-elected;
JOSBl'it WAVNl;. Jr . Hrnldcnt
EVAN IUNUOLPH. Vke I'rr.Ulnu
THCO. B. WlKDKHSHIiUI. Vice Preatdcnt
CHAS. M. ASHTON. C-bler
j2Sr THE UEIwll'AHE DIVISION CANAL
""' COJII'ANV F 1'KNNMVI.VANIA
. l'blt..delphli. January Hi. 1010.
The enuual oiettlue of the atuckheldira of
the Delaware OlvMon Canal Cumpany of
I'ennsylvaula. and an election for SH.nKra
to serve for thu eusulec ycur. will le held al
the oDIce of the company, No. 4J7 t'heatuut
et, Philadelphia, I'u., on Tueaday. iVLruury
1. l'JIO. at 13 o'clock m.
H. F. JJAKKK. SeereUi-y.
NEW YOIIK. Jnn. IS. I'rlme bnnk ac
ceptances xhotved 11 monotony of dullness)
nnd rates were 11'. Innl at 2 per cent, for
60s nnd " per cent tor DC. There bus been
a Rood deal of comment In bankliiR cir
cles over recent unfounded reports of
bnnklnt; ncceptancefi belli:? de.ilt In at 21.3
to 24 per cent. The Inference Is that tbo
actual Intended reference was to tltno
money on collateral.
STATE BANK CALL
HAItUlrlllUna, Jnn. 1S.-A call lias
been Issued for n statement of State
banks and trust companies as of the close
of business January 12.
3SF
ANNl'Af. ELECTIONS
nrsp THE rAltllEUS' & MECHANICS"
ZZ- NATIONAL HANK
rhlladelphla, Jan. 18, 191(1.
Al an election held on thu 12th day of
Jnminry, IP HI, the lollowlnk'-nnmed mock
holderx wrro ileileil Director of this Hank
lor the i'1-oilnK year:
IIOWAHD W. LEWIS
JOHN l. LEWIS
ULEMHNT H. NEWDOLD
HUOIttlE I FAIINUM
C. S. W. PACKARD
J. FKANKI.IN JleFADDEN
(I. COLESIlEltHV I'UIIVEH
JAMES CIlOHIir IIItOWN
J. IIERTItAM LlI'Hl.NCOTT
IIOUEHT E. HAbTINUS
H. l'EMHEUTON HUTCHINSON
EDtiAH C. FELTON
CIIAItLES II. LUDINOTON
At a ineetlus of thu Director held this
day. Mr. HOWARD W. LEWIS waa unan
imously re-elected President.
EDW. BTOTESHUItV LEWIf.
- Caahler.
IHANKIIN NATIONAL HANK
llroad and Chestnut Strcctx.
I'hllidelphla. January IT, Hllrt.
SI II10 ANNUAL ELECTION, liel.l nn the
11th Instant, the HiIIohIiie stockhoUlera were
elecie.i uirecvurw v. ia 4,u. iu skrve ior
the euaulnc year, vlti
Hamul T. lloillue Tercy C. Madeira
Thirtian DW lit Cuyltr Kllla I-usey 1-ussinore
(Worse II. Fraxler Jlcrrla U Clothier
Edward II. Smith C. S. W. I'a.kurd
Henry Tatnall Chorlton Varuall
.1. Rutherford Me.MIItr W. W, Alterhury
Frederick I . Hilly Ede.'rU. Felton
EinnEhaiu 11. llorrls IMwaril V. Ueale
J. Amlrrwallarrlu Jr. Daniel II. W'cnU
Johu Hampton Dames Arthur W. Pewull
At a ineetlnt; of the Director, held this
day. Jlr. J. It- McALLISTER was unanim
ously re-elected 1'realdent, aud Meisrs. J. A.
IlAHllIS. Jr.. and E. I. PASeMOHE. Vice
President
E. P. PASSMORE. Cgshler.
-TTsJi5 NOUTinVKSTEHN NATIONAL HANK
-- Milladelplila. Pa., J inuary ISth. 11)1(1,
At a nwtlBB of Jlie Director hehl this
day the fnllowlBE rfScura were unaqtmuutly
re-eleetMl:
ROW. A. WHMIDT. Preeldeot
OTT" R. IWOI-e Vice Prvldent
MNPOnn C NICE, Cashier
Jlliex MOOrtli Aaalatant Cashla
RUBY U. VALE. Solicit?
FRANK JL J.IASP15V, Notuy
L1NFOIIO f. NICE. Cashier.
In the cttry afternoon New Orlcnns
bu.vhn; caused n sllsbt rally, but nffcrliiRn
IlicleiiKed oil 11 scale up, cotton ronillis
I'diti both local and Soutberii Intel esL-i.
lltulne-H was not active and much of It
icpiecenled swltcliinr between old nnd
new crops, the latter rtillnr; relatively
steady. The export of cotton toilny 11s
BieKiitcd 3!),SD0 bales, compared with "0,
1 11) biilci on tblt: day last year. Clcaraiicea
for the sea-oil iiRKrcRato 2,r,98,CS" bales,
contrasted with 3,228.973 bales In tho cor
lespoudliiK period Inst season.
Tho rcci Ipts of cotton at tho ports for
the ilny were estimated at W.O00 bales,
compared, with 3.i,"2" bales Inst week,
101,01) Inst year and CO.UH bales In 10U.
Yes. 1I1 no. Ol en. HIkIi. Low. rios
;ii ,'.'!
1 i ."'
I2T:
12
12.T'
12 111
At a special mcctlup; the stockholders
of the International Nickel voted In fuvor
of tho plan to 1 educe the par value of
the coinmun stock from $100 to "J" per
sliuie.
The Nov.' York Subtrenstiry Rained "2SI,
000 from the hnnkn yesterday, but slnco
last Krlday has lost net $176,00) to tho
linnku.
Statement of the
.I'lntllrv
March . .
.Mnv
July
OMn'-er
1) 1 em her
Hi
1"
i".:.'i
12 T7
127
I2.TS
12.12
12..-.I)
1 'HI Hf.U
12. r.S IP. 4' I
12.7S 1V.71
I'.'.ll'! I'.'.xl
12. Sll I l'.7S
12.11') 12.UI
1?.:l1 I
1 '.'.-1
12.7.-. I
P.'.'tl I
12.01
1".H7
12. SO
Liverpool Cotton
Jan. IS. Soot cotton
demand nt nn iidviinee
todav
or .1
LIVKIIPOOr,
wi 4 In coixl
tioilltti. 0:1 tht lil-H m nt S "7d. for tnldiinlnnilH.
SnlfM OBKreiC'lte 12 0i'(l htiies. Incilldhu; M10O
Imlee Amerlc.m. The Imports were .VKS) Lulee,
nil .mcrlcim. The market fnr tuturen closed
twrelv ste.idv ill 11 net n.'.viinee of :iiffti points.
DIVIDENDS DECLAIJED
Com
tei-ulnp
February 1
uuarter
to stock
Wlll)a-OverIaniI Companv
ly l'.s per cent., navablo I-''
nf rpcnnl Januurv J.
Anieilcati tlrnphophone Company, regular
li'nrlerly lni per eent. on prereired. ihiyahle
I-'elinriry 1," to holder or leeoid February 1.
Pacific Coast ComiMny, rceulnr ou.irterly l'i
per eent. on tlret and 1 per cent, on second
preferred, payable February 1. Hooka close
January 2S and reopen February 2.
Vorl; Hallways Company, usual semiannual
2li per cent, on preferred, payable January .11
to s.oek of record January 2u.
BAK SILVER
The prlco of commercial liar silver In New
York advanced I.e. 10 .MlHe. today. In Iaiudon
It was up Ud. to 2it?sd.
Manchester Ynrns Firm
MANCIIKSTKR, Jan. IS.-Yarns wero
Mulct nnd llrm. lluslncss In cloths Is
checked by tho higher prices asked.
rmantowii
Trust Company
January 12, 1916
ASSETS
Cash and Reserve $777,771.27
Investments 67.12,514.72
$7,510,28599
ELKINS, MORRIS & CO.
BANKERS
Land Titlo Building
Philadelphia
Choctaw and Memphis
Railroad Company
1st 5s, Jan., 1949
Yield S.12
Free of Normal
Federal Income Tax
An Excellent
Preferred Stock
Investment
.luw 1'iv.itMtll SIOCK Ol IltC
Miicncan uas iV lilcctris
Co. (par value $50), which
vc olfcr at a price to yield
O'r, is protected by tle
carniiiRs oi subsidiary com
panics oicratitir iu 74 com
iiiuiiitii?s in six States. Earn
ings arc over six tunes the
annual iiliviticiul on all otit
slaiitliiifr preferred stock.
Ilccntisc of the Rcoj:rapliical
location ot the subsidiary
'otnpanics and the divcrsi-
hetl tiKture of their business
llic sources of income arc of
a particularly staple character.
Send for circular No, ,M4
which describes tins stock.
William P. Bor.bright & Co., k
MORRIS WISTAR STROUD, jr,
' Manaoer
137 ClIJISTNl'T STltKflT
llil!nilrlplil,t
rir lnrlt Ito.lmi Drlrnli
....nuuiii t.iiiiiMii i: innuriRHl Jt eg.
i urn: iionnriBiu Ar t:n.
Of Great Importance
All people rely upon the ad
vice of n pntul doctor and a good
lawyer. Wo cfFcr the advices
rC rriri'l Tlntilrtfn am nil tnnAi
twu i iiitiuwiij un uit llVDk
ment Giibjcctc. j-
Our monthly list of approve:!
investments will bo furniflis.1
on request.
Edwabd B. Smith &.Co.i
BANKERS
ShTitwiir.u Itu , "(
Jlemrl3 .Vciu Yotk a,i( .'-(tllfiiiciHH
Stock Kjttianot
nAi, isn Ciir.Ki.Nt'r bTA . Piiiijtnt -
to Pink Sir.r.ET Nr.w Yon
I
LIABILITIES
Capital Stock
Surplus
Undivided I'rolits..
Deposits
$600,000.00
900.000.00
70,494.76
5,939,791.23
$7,510,285.99
$10,834,334.10
Trust Funds
WM. T. MURPHY,
President.
CLARENCE C. BRINTON,
Treasurer.
REPORT OF
The Pennsylvania Company
for Insurances on Lives and Granting Annuities
Trust and Safe Deposit Company
517 Chestnut Street
Broad Street Office, Chestnut andJuniper Streets
At the Close of Business January 12, 191G
RESOURCES
Cash on Hand and In Dunk ,..
Call Loans upon Collateral ,
Time I.naiiH upon Collateral ,,,,
INVKST.MK.NT SKCCIUTIKS OWNED, VIZ:
HtockH, Bonds, etc ,
MortKngen
Reanrva Fund for the Protection of "Cash
Accounts" ,
Real tvutnte. Furniture and Fixtures
InterfSt Accrued , ,.,..,,,
Miscellaneous Assets ,,
...... $3,050,&20.00
...... 1,168,891.09
Ilaliinces in Trust
SU',132,921,01
lC.SliS, 512.76
3.3T6.710.74
1,219,111,09
6,63.1,038,71
933,235.00
110,215.56
81,318,14
IIIIIKSTimV Of irCOUNTANTII
I'rrtlllnl I'ulillr ArruuntunU
laWkkvck K. HKuws CO.
liilS ItKAI. &nTK TltUsiT 111 1 1. PINO.
Total $44,082,423.07
LIABILITIES
. ; 2,ooo,ooo.on
4,500,000.00
,.,..,,... SIS, 801.52
36,940,925.10
.......... 101.231.21
12,461:94.
... $44,042307
Capital Slock ,,i,,,,'ml ,,.,,.;.
Kurplus Fund , ,
I'mflvldert Profits, Less ICxpcnso and Taxes Paid..,,....,.,
De posit? ..............,.............. , ...........
Interest, Payable .,.,, .,.,,,.,.,;,.
Miscellaneous Liabilities .,...., ,,.,....,.
Total,,,.,
TRUST DEPARTMENT
Individual TruetF, Held uj Kxccutor. AdinlnUtrator,1 Trustee,
Quardlan. Commlttac. Attorney, etc
Investments (par value) .
.Cash
'i
Amount for Investment
Mnount no: (or Iiivutmt'iit
ncome Awaiting Distribution ,
.2on,7ii5.na
l,4t3;J4,U7
Corporate Trusts. Totnl raoiint of Honda
Secured by Mortgages or Other Collateral.,
Total.: ,;;.. 5210,287,634.63
of
Corporations
?2.'W,03Q.77Ja
Total Amount of Securities Held us Collateral linger Canorate
Deeds ot Trust
C. S. W. PACKARD,
, Prcsideol
.ior:a'i.:2.ia
C, S. NEWHALL.
Trcsiurer
Another Good Record
The average
attendance of our
past year was
14 Out of 17
Directors the
I:
-J
IlIltMCTOHS
JOHN' J. MncUOKALD
WILSON CATIIETtWOOD
v.v t. suppi.nn
JOH S3. -VKNTZ
T1IOS. J. JEFFRIES
JOSEPH II. PAItVIN
WM. II. FOLWELI.
WALTER A. BA
I'dlt 11)10
C1IAS. S. CALWELL '
'KltANK II. MOSS
ai:o. w. it. noiiEP.Ts
MEmtlTT N. WILLlTtJ, Jr.
LOl'IS It. PAGE
J. E. UAUM
DAVID C. MUADLEV
L IHOJII'SON
OlFlCEIlS
CHAS. B. CALWELL,
President.
M. X. WILL1T8.
Vice-President.
NEWTON AV. CORSON,
Cashier.
TIIOS. J. JEFFH1ES, ALLEN M. MATTHEWS.
A'ice-Presldent. Asst. Cashier.
ALUERT N. HOGO, Asst. Cashier.
Active, Careful Guidance.
Corn Exchange
National Bank
Philadelphia
Chestnut at Second
J
INCOItPOIIATKIl 11S1
The Insurance Company State of Pennsylvania!
308 and 310 Walnut Street, Philadelphia
STATEMENT DECEMBER 31, 1915.
ASSETS
Ilouds and Stocks ,,,,.,, ,.,,,....,,.,.,,,.
Mortgage Loans , ......, .,..,,(,.,......(.
Real Estate ,,,,,,,.,.. ..........i..,, .,.,, .,...........,,.
Cash in Uanks. and Office.. ,.,..., ,.,....,..,,..
Premiums in course ot collection.,,,,.,,,-.,
Accrued Interest and other'ltetna,,, , , ,. ,,,,,.,,,,.....
LIABILITIES
In force, annual
12.820.01'-"
JS6.JH.0J
61S.5JJ
17,7-.
$4,012,313
and
Reserve Fund for Insurance
lunu puuuiva .,.,.....,,..,..,,
Ileservti Fund for Insurance in force, perpetual policies
Reserve Fund for Loseef under adjustment.. ........
Reserve Fund for Taxes uud all other Claims........
Surplus to Policyholders
Cash Capital
ii ie.i20.to
NET SURPLUS, over Capital and all Liabilities ,tna.oniai
liecemuer dl. 1016. 426.420"I
J1.773.680.9S
513.666.60
359.351.91
39,221.61
uccemuer ill, 1015
OFFICES
UCSTAVX'S ItKMAK. Jr.. I'ltESlUKNT A . Tur
IVslte nUftn. Vlee Prttldeut Julia J. I', liodcrrs. Btttttitir J"t,,
Hurr) u. Btrpbeiuan, Mce rreaiaent f-umuifl r
CliitcroitH
tUarce V'aui. Jr. ausUviu ttcuaa, Jr.
ltdward F. nU Itkhard I. Atutiu
Jon. J. FrellDgbuyua C It Uorttan. 3d
Vercy Tl. Clark LawMuce 1". Iuul
C. Ii. KluwbboJir, Jr. W. W. Curtis
JUHlsrra. ocrrrku.7 'r,,
ItuJjct.. AUtaut btettUtt
John ii. ShrlsKjt
Cbarlas Fearou
laurvna tt. "M "-. ;
jfiuory ScJtio ,
Walta uuvan
i