u " u Mill n I !.. I I JMMtMIMII II J FINANCIAL NEWS EVENING LEDGEtt"-PHILADELPHIA, WEDNESDAY, JANUARY 19 lOlQy MARKET OPERATIONS CONFUSING; SOME STOCKS AT NEW HIGH MARKS . . Speculative Element Could Not Figure Out Various Movements Stories of Liberal Dividends on War Specialties Alcohol Again Active New York Stock Sates AlaV Irmean Ahti (loM M AIII-OmlmcT Mfg Allli-Chjlm Mfg pf Am As Ihomlcjt , Am Ac CMm pf ... Am licet uzir . . Am Itcet Susit pf. . Am Can . Am Can pf . . Am CSt'. Am Coal Product Am Hide .V I.eilhr Am llldn fi h if Am Unseed . Am I.In9oed pf Last elite . -27H . Nt 71 rm . an 112 t 09'f Ulh O'J i5 28 feU .1 OS KVi !)1 U4M 1I2H 7(1 LOW ClOS. 0i HJi an 'J7't 70 03 v 01 i)-ji 25 27M 70)4 08 il l.2'f N. Y. CURB MARKET MOVED IRREGULARLY Hcndce Manufacturing a Fea ture at Strength Marine Shares Depressed 112'j IU'i tvs'i n;i liiMj 175', 171! 371 Am Malt ,m Mm-lt A ltt . Am riclti!M pf B Am Meel iotindrlc.1 Am M.cvr Hcflnln. NIJW YOItK, Jan. 10. Stock mnrket operations were confused nil through the enrly trading Am I ocomotlre . today, with iool activities concentrated In a few lnduatrlnls. causing some stocks to ndvnnco to new hlrth records while others were In free supply and sustained substantial loiiei. What the various movements menu Is hnrd to be Understood by tho speculative clement. Somo of the trader on the floor nnd outside of the l'xchnnrre put faith In current stories nbout cornlnK liberal dividend distributions on wnr-order Blnrltn. xvhlln othera nrrmnl tn fpnr thnt thn snflimodlc movements and tho violent advances In a few Issue nre Intended to facilitate liquidation In the , Am Woolen pf tr r MHnl II. IM............ it.. .l...H.lnM flu 11.1.. -A..,... It. 1n.A ....nllnilBB In . '"' '' " ' 01011 t,.v..i . "iiuui"! '"- nnuuiiuii mi uin i.m .., ...v., v . ( ' " AtiaCOMll l Oppv. do nn aosence oi outsitic speculative mi) inn, nnu nuoui me oniy coinnusiimi business transacted cither today or for many days pant has been on tho selling side. United Stntes Industrial Alcohol continued Its upward movement, mnUintr a Rrtli. of nearly seven points, selling at the new high record of 1S2'4. The sudden demonstration In Industrial Alcohol attracted Increased attention today to stories of tho huge earnings of the corporation, nnd dividend possibilities were again brought up. One report was that Initial dividends wilt soon bo declared nt tho rate of 1(5 per cent, per annum, nnd It was Insisted thnt tho movement In Industrial Alcohol will bo followed by lgorous busing of DIs tillers Securities. Another story on industrial Alcohol which went the rounds was to tho i llutte a. Superior effect that n dividend nf tin In rnsli will Iip tmld In the. first half of the venr lal Petroleum nnd another of $10 In cash In the second half. In tho calendar jear 191S tho profits were equivalent to between 1G nnd 20 per cent, on the $12,000,000 out standing common stock, cnmp.ired with 2 per cent. In 1914. Heay selling of United States Steel common caused pronounced nnset tlemcnt In the speculative situation In tho afternoon. Three houses sold 20,000 shares of the stock, forcing tho price below SK. nnd following this sell ing stocks were offered at concessions all around the room. Thcro was a lack of demand from any source, the efforts to advance specialties being sud denly checked. Texas Company was the most prominent feature, first advancing 6'S points to 229 on the announcement of tho offer of 20 per cent, of new stock nt par tb present holders, but suddenly broko to 212, with a sharp rally after that decline. IMS . ..(!' 'MM lax II Vi !) .10,Vt . 8G'j 5S 115 11'5 2 l'l II MM l) IT) MM 22' j -11 OH 11' .AH 22i II , 04 i m Sates in Philadelphia C8 ClOe 12-t -:??. itf Am 'ugat KeflnlnK pf 11SS 1171. 117'. 117', N'i'W YORK. Jan. 19. A fit" r Bcneinlty he-Ivy ope ilng with tni'llnn- on a eotnpti-i-tke ,v annll t-fllp, the "inir'tnt for outside tf'curl'loi before the '!rl limit developed ttreiiRlh on liieruiSod limine in the lend ing? Issue, 'quotation-. In roino Instances molng up from 1 to 'j points, while the i lowcr-prlccd shales irtso In pinportlon '. Toward hilddny, howcei, renewed pte- i euro set In uhlcli lirouaht about a rcac- 1(".' li'ii iiuu ' tlonniy tendency which. In some In i.-ii i.t. i..y, , st-tnee. bi ought value): considerably lie- "IS hii n7H ,ow ,nst n'Bht's Ieels, Mlihale tcel, lhVi lll'l 111S nncr moving up neniiy a point, lost the CO Am On 4s Am Iw . 111 Am IJivis pfJ '10 Am Jlalt . . ' llua HIM t r i , 3 l! llrlll Atr rMRt1 S"0 tli h oiaxr an ic . . . . -.v. iieu A-rhalt i r.i n ln . o X . . l 1"A 1VI III II t It'll "ii I ! Bun Votp .:! I oliUli .vsi H , I tilth it . . In l I t.hlrh Vl Tr. ' l im .riin ikiii i .in i ma imiium'1. r.n I . i' nn,i mcci i)ii "ii .'I .1 4 III H'i rn 2V.. U'j III 71-: 1V Am 'Irl A 'lcl Am Tobirro Am Wool tr r Aoclatcd Oil A tch 'l A rt K. Atch TASK p. Athnllc Coast Line llelduln loco. Hillimor.' A Ohio . Ilalllnure A Ohio pi Hank of Commerce.. Hntoplhi Mining . Ilct'ilchini Meoi llethlchcm filed pf IHxl.bii Hap l'r Ilronn Shoo llurni Ilroa 127f 12S 127-tK 127 nd.ince. Hendec Mnuufacturlng was an. 1 cxiepiion, rising i points on inerenscrt nc 202H '202'i '202H '202U I 'H' Canadian cir and hounnry Issues 1)1 01 I after moving up 11$, lost about half the IIS liS El I li. nmj sjj'i Mnrlne slocks weie heavy nt a rcccs 071-S 07H sl011 of n pohitt while the preferred was 101)54 K.CJ! down 154. International Nickel declined Ils'i !lS''t ' 'kiiannc uuir anil vcst lnuics snares 11.1 113 cio fractionally better. Motor stoeKs lUh It'll weio comparatively quiet with the creep- IHJt )A "on or 1'iianacr, wnicn improved " 70)5 70H wnite .iiotors' went up nearly n point Oil stocks were Irregular There appealed to be good support, however, In Cosden Oil Mining shares were Irregular under tho lend of Kennccott, which declined l'J lionds were firm. i.vi)t;sTniAT.s, PI 01 Wi 0'J lt)7'i II') 11.) I 91 l)i .-8 j 07) i ll)('i m US IHVI 111 !!!( '.Il'l . 70i 71IJ .177 177 . 2M Mi AH) 40. Ill . HTM 50 Slli . ,r i2H OS 178 c5)( 111) Mi 2,it ru 1IH aHH Tnlk of S40 Cnsh Dividend on Bethlehem Steel Tt)c dividend prospects of llethlehem Stool were discussed in well-informed circles today. It was said that a dividend of $40 In cash would soon ho declared, and offers were made to wager even money thnt such n dividend will be declared. Some of tho outsid" holders of Hcthlehem Steel, who believe tlicy have means of obtaining accurate Information, snld that the earnings of the company for the current month will he Sri,000.000 nnd thnt It will show an Increase over this rate within tho nc.t few months making the compnn's revenue apparently equal to 400 per cent, per annum on the common stock. Action on Steel Common Dividend n Mystery No deflnito Itnet. on United States Steel common dividend pollcj can as jot bo obtained, but na the statement for the qunrter ending December 31. which will complete the llscnl jear, will show earnings of 10 per cent, on tho com mon stock In the full car. It Is held by many thnt a resumption of divi dends by tho directors at the meeting next Tuesday cannot bo avoided. In fact, thcro aro many who believe that even mure than a quarterly dividend of 1V4 per cent, should be distributed nc::t Tuesday. Authorized to Pay Itock Island Certificates Judge Hough, in the New York United States District Court, authorized Receiver Dickinson, of the Chicago. Hock Islnnd nnd t'nclllc, to Issue new certificates to tcplaco those Issued July 1, 191.", and due January 3, 1910. to the amount of $2.C00 000 nnd to pay tho Interest In full to thnt date. The new certificates arc to he of date of January 3, 191G, for six months, duo July 3, 1910. nrtd to bear 5 per cent. Interest. These nro payable through the 1'irst National Hank of New York. To Recommend Stock Increase by Texas Company ' The 13ecutlvo Committee of the Texas Company will recommend u 20 per cent. Increase In capital mock, to be offered to stockholders at par. COTTON WE IK AT START. HUT RALLIED LATER New York Bond Sales Wall Street Interest in Market Was Very Light Germans Buying NEW YOniC. Jan. 19. Hcnvv -elllng for tho account of Liverpool mused opening losses of 4 to 8 paints on tho Cotton ex change this morning. The tone was easy. Borne spot houKca offered various poil tlons, believed to ho hedging, whllo oth ers purchnsed March, May and October. Wall street Interest In the mniket was small, but vvns tonllned generally to the buying sldo. After the call the offerings continued larger than the demand, and prices fell 2 to 4 points further. Liverpool quotations at Hist wcro a hade better than due, but Just before tho opening hero prices In the Ungllsh market declined 1 to J points. Cnbles stated that business waJ quiet, vlth a steady tone. The. early setback carried the active i months about 'J to 12 points under last night's closing figures with July contracts selllnr; oft to 12.77 cents or about a point under the low level of lust week Thero was some trde bulng on this decline and 1 prices steadied 3 or 4 points from tho lowest. Much of tho earl business seemed to be In tho way of switching be tween mouths. Llverpol sold old crops, but bought October nnd there was small buying of December attributed to German ttccqunt. The. receipts of cotton at the ports for the day are estimated at 20,000 bales, com pared with 31,291) bales last week. 03,102 bale: last year and 33,223 bales in 1911. T'day close. Ouen. Hint). Low Clos.e January Marc It .. July October December Spot .... Liverpool Cotton LIVEHPOOL, Jan, 19 Spot cotton was In moderate demand today at an advance of 1 point on the basis of 8.25d. for mid upland. The sales aggregated bCOO bales. Including 6000 bales American. The Im ports were 12,000 bales, American none. The market for futures closed weak at & net decline of 9 to W3 points. S10CO Amor Aur ileli 111 on aiirIo-It I. .-1 -sow Vmer Tel ill 4b .'OIO Anirr Tel cv l.l .. If"! Armoui Oi lij . . tCYVi Atililson nen 4s.. IWI Alcli'mn mil l 7!0 Atihlsm r At lino . lorn v Inn In I.lne Ut 43 "iii Holt & Ohio iu .. vhi Halt At Ohio I 4'(.'H1 Halt & Ohio ci Ms 4(1011 IWO ! l.t:.VW 4s. :roo Halt ft Ohio sn ""j utvi c u It ,l Ilk Ia -.a 7il" Cent t -ithir lrt Tj Uleh. is liW, . M'!. ..17. . III'. in ij id i. u, 02', lit., HI I.". 117 imij IS IN". I fw Cloe. US inv. 107". 1141, IM1 S7U KKIT, 114 .. 12.11 12.2-1 t?2S 12.111 12.111 ... 12 .11 l.'.IV 12.4II U.ll 12..I7 , 1J.71 lj.ua u.iii is .vi liis ,, lJIIO 1J.NJ 1JKI 1J.71 12.72 ., 1J.M 1J.7H 1J7S 12.70 1J.TO . I J 117 1J8 12.00 1J.SI1 t Ni ,, 1J.30 JJ.4U FOREIGN EXCHANGE NEW YOItK, Jan. 19 -The foreign ex change opened quiet, hut generally steady In tone. Features included strength in Italian and Swiss. Quotations follow: Demand sterling. 4.75 5-16; cables, 1.77 1-16; franc cables, 6 84.V4: chect-s, 5.S54; relchs marks. T13-16ft7T; lire cables, 0.72; checks. 6,73, S isa cables, 5.1P,i; checks, 5.15H. Vlelina. 12.60 and 12-05; Stockholm, 27.60 and 27.70. pesetas, 19 03 and 19.12; guilders. UVtfllVi. roubles, fe and 29H. n the afternoon the market turned a shade easier, but was very dull, Demand sterling- was quoted at $1.78 3-16 L76U, and cables at 1 4 77; franc cables, $3.81; checks, f5.S3?; relschmaiks, 71Hc Money in New York fIBW TOOK, Jan. 19. The market for time money on collateral Is nominally a jrtiaje firmer, with 3 per cent, asked for four months' funds, the same as for live and nix months. The bid continues at tU per cent., which U the same as IP,' 7 A tsi, "-I" .Wit. .lltl .lOHIj . II1U i7t; .IIHUg 71-1) .SI: H.V. 14, .4 II Hi mil W.Jh SIIA I I'll, 2000 Cent R It N J ,'. . . . . 0,b.. , 4 .tlO.ll Lhc uliln l Pvs r.UO (In 4ls .. -. .m Chi Ot Vest In 1 IKMO C II & Q Joint 4 lltxi lo uen 4s . . 20141 tlo 111 .:'. ... . ikVII C M ,t Bt ! cv .la . VCI do c VH . lorn Cee Hh t.lne 4Ua 4IIO.) Col : South 1t li . .Hiui cumherlnnil Tel .'.k 210CO Del & II ron Cx f 11 1KNJ dn H llllll. 20IKSI Den . H l rM . .. Hl nu Sec Corn .is.. lioro Au Pont I'mwler 4i,s, ltiMO Krle sen 4 lum 0 ton 4h facr A liH-on jo nrlor 4s .. 2000 Hen i:lee ilfli .1 inoo Hud 4. Man rfrt ,1a. 'Ho Hoik Vnl 4Vji . IJUlii III bteel det 4i-s , lfXKJ Iowa Con rer U Iikxi 111 Centmt .I"j3 1000 III Central rM 4s tni Interli Met 4in 4001) Interb It T rnf A 5.10,10 Inter Mer Mar ct 4Hs.looH iaj iiui-rni I'uner, lis... lirj 'ion Kan Cltv So Sa .. HI 2SOCH IjicIck Steel ,1i llij:l list, 1200O Ijickn steel ,1i piso. 1 ,m lh Vat 4b . uili 4xjo l-flrlllaril .1 1nl 1011 liula . Nash 4b i, 101IO Minn St P 8 S M 4a,, UP? 7u Mo Kan ft T lt 4, . 7J ' Vlo Knn A. T 2.1 Jli. 4 ,., ii rag is SIKITO N Y ( lla NiO N V C i Hurt ma .VKH N V city 4l.s 11IU1 1I1HI X V I'ltv 4W 1!l .'W .-, 1 II At 1 II 10U( S' V Itwj ret 4a 17IKH1 Sr V Tel en IWa 1I4TO S'orf & VV'eat 4a. IUkio Nor Puc prior 4a 1,000 Nor I'ac nen .la . 210l Ore Short let 4a 400(1 Pacific Tel 5a .. , 7(100 I'enna, 4a I9IS ,, , hOuo do Rtn ct .4Vja, 1VXK1 Penna en 4ija . . 3Oii0 1ul) Sen N J na . mhhi iteaoinic sen -in . aianu aa .. 14114 rid 4a tUS IISVj HI H2S 7 llll'a !M1 hip, it i li-s, 72M. 11 It", sip, lO'l'n, 1112 V. KIIU mi. JbiV. in7'; 1IH(. ..1.1. 27UOO Itock lal uK) Hock fall 117 Hl4 101 li llh-v. -'74 MI'i ni, II3'J !I.1V, .looi ..loo ...iiii; . jom, . uii; ... Ml, 1.1 700.) Krahounl A I. a.ll fia!. iai". aUX) rlouth I ac 4. . , . S7'., lirta) boutli Pac ev 4 . Nii; imam do cv ret f n .la, .107, 12UI0 flouth, P.ic rM 4a .. wi 4UOOO South Hny sin 4a 7J4, 4IOI Ta l lla , , ,.1IHU Kxm Tol I'eo A. VV 4s . hi VIOO I' 3 llMlly .la... 721, inoo i' h iiuiiber iu. , urn; lll I' H BtfOl 5a.. . ;, lulU l(Kl t'nlon I'ac lat 4a ., IIJ1 10ai I'uion I'dc cv 4a.. ICIU IKHXI tin Itwya 8 f U -4Ui Ifimi WaU-P T lat ct 4a. , 4i loon do 21 ...... il oo VVeat Elect cv Sa., ,,1". 20OO VVeat Md lat 4a.. " Tl 10U) VVeat Sliore 4a Ki',, t. llt'U ?J3t IkP 111 Kill. w, I'lii ion 1"J mi, list: U514 II 1 101 IUJ, llll-i 7: IJ 4H-, 1171. HIV, 101,-V, ll.14 71'. 8!lC IllVi n.i U11, 100', 100 101 ion now BllJ in iai K7 MV, W7 on; ii' in'. 1074, nil, m, S7i. H IV, in M 112 lislj HO I2S, 117 lllll'j no 11IP, I "' , lUV, 721, !!., I2T4 M,s, loll', k:i 1IKH. till, trt i4 tn7'. U-OU nit; 711, H'.". Ml. 72 1. S.1', lull, .4 i s it'. SO! MM, 7.W PWVj liai 102 ?s! M ni 101 1111 IL1U, 7hL, 441, ii in; 1001. 1151, 71l M'i ini, vvi i.v, no7 ino, loo ioih inn 001, n.nl !' 87 Wit. 1117 iii; 721. SK 7'li irciu lonvi 1041I iimj 07, i1. ir.U :m K 7 02H for the 'two longer periods mentioned. ( of that character that had been under. Uatif' about a week asa the trading rate was 2j. per cent for four and 11 Vc months. I'rtme mercantile paper U moderately active The banks and trust lompanlej ura holding pretty firmly on 3 per cent, at a minimum figure The) are willing buyers, however, of all tnr paper tnat Investors Take Seaboard Bonds NEW YORK, Jan. 13. The syndicate headed by the National City Bank and the (luaranty Trust Company which underwrote the 111.600,000 8 per cent, first mortgage bonds of the .Seaboard Air Line Hallway Company, announces that the entire Usue has been placed with Inves tors. The bonds were offered for sub scription about three weeks ago at 99Vi and Interest. The bonds were purchased by the syndicate early last summer, this being the nrst large nnanctal transaction taken since the Kuropeun war. beginning of the DIVIDENDS DECLARED Panzer Hpllway and Electric Company luarterly V. ot 1 u-h cent on common. outsCLl rbruary 1 to ftoek of record January 20. comes wtitnln their requirements, regard- ( lulUaj and Lltbt Stcuritlfa Company aerul ., nt wliplhar ihe material la nf lonir ' annual 4 rer wnt. en prefrrrad and 3 per cent. l wlietner too rnaieriai la 01 loru, on rommi,,, (mvabio Vebruary J to atock ot 4U, fiHIfL ,,w,,.. ...m. , ,l w ,u W7a mjt jauuurjr ,41. yiv tent, for other t;radu3 of paper 3ATES FOR JIlpXEY C-iIl Vw Ym. r, H.J JU t a. .. . 3MI , I.' . &le 'Tlma :. 1 :Piil KI1J PhJuidelrbLL ComDanl rezuhie aemlannual 2V Vr ctnt. on pre errad j per cent, acock, pa-al'ljf MTvh V o a o k of record Februari 10. (Iran.! 1'aplda Hallway Comiatny regular ouartcrlv 1 per cent on preferred iyabl (virurfir 1 10 atock of rr.erd January 21 1 Mononsauebi Valley True! Ion Company. 1 ocr ce.it ua preferroo. iyHbla February 1 to BteckJviUe- ef recora JinLary 2.1. 1U4 viz ixxmany reif"ur auartariy I per la, retroeum pf . t anaillai raclll" tent Leather Co .. Cent Leather Co pf I hrsapdlte & Ohio l tills Copper . . . thlno Copper Chicago (It Vetctn Chi tit Wist pr Lhl Mill & M 1'ail, O ii A, ht P pf Chi bt V M S. O C C V i. St I, pf lhl S. North est Chi It I . I'ac . t luett Pea S. Co Cluett I'ca & Co pf Culorntlo tuel iron. 47'i Col ,1c southern . . . Ill) toncolldntcd Ci.n 14 I (ontlnental Can ... 804 v oni I icducH He, 22'i torn Products Itcf pf. 09J, u; 17 '24 I7f 115 SOU 50 81 7-11, 0.1 TIJ, 177 S5J 170 IIS SO'f fit)' HAH "AH :u's a 178 M'I no ,vm : 14o 87 o0!a 1'4- 7ol (ill I 17.SU 17.-4 mm no IM'f Mi 21 LM'S MH o.,li Wi 11)5 'M'i oS. lffll'l ICO'i ltXJi UK)), l.'ll lM'S 134tj I.H'4 120 110i 11CJ 7fi 7.5 Yi 13JH 1U1( 1.11 l.'UH 17U 17a 17U 17)1 ftl lit IO 1111$ lll'a llUa Ih A7 47)1 ,;uu :Vl!i ,IJi 14'J'j Il'J'i li.'Jf 81 81 si 2-2H lilJi iiH MM ll'l (il)! t7'f 0I, llflU HOVj 110J, 110'a HOW 178 IS") 17!) 17!) lfl)i 15Vi l." I 151V 2.M '225 L'.'.l' 'JJ.)' 1117 1118't i:W'4 18S' li!0 7(1 71 111 -" V it , ... ,' ti .M4.1" 1 l4 US Conuany reif"Ur Quarterly I per 41 rr th,ii Wi li-vUlba. I'tiU- I rent. i,u Dre.etitJ viwMa liorib 0 to atock i ut H-ij.1. 1 bo.iir of record J'fbmary 2. Ciuclble htccl Crucible Steel p ( uliaiwvm buear I) 'Ian .110 .v, 1 liaison Ucl Lack .1 Weit Detroit Kdlso.l UHtlllew bee torn.... 4 Ih'f Dome Mines . .. . I!7'i 'J8 l.'ile II 4Hi Krle 1st pf.. . . fitiU CO' a L'rln 2d pr r,2'i oUi led ..iln &. smi-lt pi ;," r,t (u-n ( hemlrjl TO') :!00 Cen t heml ! I pf U, U4 General lectt.c ..l" 1 j7()'s v.... . .v.uiors ..lsu 1S7 (.11n.11 Motors pf .lit liVM (locurlcli it i' Co . . 72)5 7:i! titoal .Norlhem pr. i.t Nor els lor ore pr Gugci'U Kxplorin . 21tf nit Acilcultiin. . 21H Hit Acrlcullur.il pf .. ('! lit llatr N J 110), Hit Paper Co pf . . . I!) nit Con Cor v t c sh. l'JJ, tnt tonsol Corp pf . 7V 1 Irisp ton Copper. .. . (! I Int Mckel v t ch . '2VSM ,rt M M cfs of di . 2J 1 Int M M p. c 1 of ,) han ( Ity souther 1 Kan City Southern pf Keokuk A. Dis M ink Mi'tl to . ... Ithlsh Vail-j .. . I lesett A. Mi en pf . I oosMVIIm llhiult. . I orlllard I" Co l.orlllarU l Co pr . . Louli A NunIi Mat'.M'.l Motors . .. Mav Motors 1st pi M.n Motors 2il p'. . Mexican I'etroltuin Minn A ht Louis . 1) Minn A M 1. pt 21 M ht ! tSSMII 7o'.. Mo Kan A Teias . . . r.'t Miami Copper :i7, Missouri l'acill: ... 3,' Mo I'ac tr cfs.. . Vi National Hbcult Co Nat Cloak A, Suit . hlU I M Npt Kmm A S Co. . Nat Hn.im A S pf. . Nat Li-ad Co . . Nat It or M 2d p' Nev Con Copper . . Nen 'V.ork Air Drake N Y N II A. II . . .. N Y C A II It . N Y O A West . Nor! A Western North American Northern I'aclilJ Ont Mlier Mtn Pacific Mall .. Pacific Itl A Tel 40'1 2S 40 1 oO 51 i If .'1 :) ) lit 174 IS, lljl 1 12l)s )2l'i 121 IV 4s'S !7 . 2.1 , 2.4 -'I'l lil' j ill) l'i .'1 ill', '()' Jl"i!, 22H 82 l) 0! :j Ml 120 20 IT'.t'a 1 10 . 120 117 SS'j n m i :io ot . Dj . SJ'i . M) .11!)' 4 21 . 180 .UlI',' .12 '4 h'i ;:i'a l(i'4 2S 40'4 .Wi ol'i 51 .'100 111 171 4S7 111 t .'J 12I ,7'i 22 '1 2) ( ()'. Ill) 4!)' a IS', 71-5 15 1 212 21' i M)',' 2 I O'J ,t 'l'l 71) 1 120 20 17!)'l 1104 1 1(1) i 121) 12!) ItiH Iki 88) j N" sail .12' 2t JS 110 11)4 18'i M'j 15 i 210 .'14 Ml, .") 02 34 SI 7i)!i 120 20 17!)' 1114 115!.' 1124 1)24 84 04 J8 84 214 75 04 :)7J. 5)4' a'! M 2h 75 04 o7,'i 54' 5)s 12 IM 120',' 1204 12.1'f 28 924 714 84 1.-.4 150 74!t OJ 71 8"i 154 llO.'i 74), 81 271,' 1)2 72), 84 15 -j 15IIU 1'. 92 7.T. 8'i 154 1524 744 ..110J' 1114 1104 1104 . 24 284 284 2S4 .11!:, 11UK 11!) 110 . 72) 1 72',' 72 72 .1154' 1154 1154 1154 04 10 04 04 12 12 12 414 414 11.4 12 124 414 414 tl! Penn Ilallroad 5S 5S5J 58 5S PeopUsOas Chi 1004' 1104 100 1X0 Philadelphia Co 444 4:i 12!t' 42.4' I'ltts toai Co N J .. 35 :I5 iilj-j J5 Pitt toai Co N J pf.i07M 107'f. 107) 107!,' 82 11 514 rressed fcteel Car Co Pullman Co . . . . Quicksilver . . ., Quicksilver pf Ity Con Copper .. . Heading , Iteadlns2d pr llcpubllc Iron & Steel Republic I A S pf. . . Itock Island , ... St Louis A h F . . , Seaboard A Lino pf . . bears itoebuck A Co. 81ossheft HI. . .South Porto it bus. Southern i'aritlc . . Southern Ity . . . Southern Ity pf .... MudeluU-r t'o Tenn Copper Texas Co. Third Avenuo. .. Under Tiper pf Union llag A Paper . Utlted Clear fctores .. 114 United tlsar Mores Pf 114 50 504 68 1G84 MM; 10S 14 0!.' 54 0 7-a tl 244 244 214 824 814 4.1 4J 514 8 MS 54 04 214' 814 41 514 jumu lusi, iuvi ins; 1 4 4 U 'i 0 5i 54 54 404 40l4 :i!4 .'14 181 181 lhl 1R-1 .. C04 (0 50 50 ..150 150 150 150 ..1024 1024 1014 1014 ..21 2.14 224 224 .. CM Mi G3 Ct ..1514 1554 15J4 1514 01 ni))i 58'v 504 2224 2204 212 215 . 01U 014 01 01J5 ..11(1 1104 1104 1104 74' 74 74 74 04 Wi UK 114 11 4 11 United Dry Goods pf. 704 7i5i 714 7l4 uuiuu i-auiu ., , United Fruit Co,.., U b ind Alcohol . . U b Iml Alcohol pt u s c i p a c pr. United Kjra In Co United liu lav pf. U b Itub kr U ii llubbcr 1st pt U H btcei t'orpn U h bteel Corpn pf , Utah topper ....... Ya-Caro t'hc m , , . . . Wabash .'., ....,..,, VVabaah pf A VUb.ub pf II..,....,.. Western Unloa Tel.,.. Wtatcro Maryland.,,. West K&M . .,.,,. Wheeling A I. K...... Wheel A I. K 1st pf , . Wheel A I, K2d Pf , WooiwoUh F W. .... 1374 1374 UWi 1304 ..140 1404 138 13.H ..115, 1524 1434 1484 ..1124 lit 111.4 113 .. 50 51 51 51 .. 194 20 104 20 ..30 J7 37 37 .. 554 M'i 55 554 . .1074 107K 1074 1074 .. 854 854 844 854 ..1174 1174 117i 117i 78H 78, 784 784 504 484 4b4 104 154 10 18 47i 47H 314 dl 31 014 G04 91Jf 30it 3051 304 084 074 074 a 24' 2 124 II 11 34 34 H 120 120 120 111. I Ankcd Total nlr, 013.500 abares, romiiared Mlth 073.SOO abarea caterdm tliua far thla week, 1,7 111.300 alutreaj mine period laal week, S.iIU.300 ibarca. PUBLIC UTILITIES Tho Virginia. Itallway and Power Com pany December gross earnings showed an Increase of 153.7SS. The net Increase was J 15,737 For ix months the gross gain was 153,!60 and the net Increase was 1107.329. The Detroit Edlaon Company reported an Increase in December gross earnings of llii.ni. The net gain was JSS.0S7 and tho. surplus. 1110,391, an Increase of jaa. UTJ For ii months the gross Increase was tl.2Cl.UI and the net sain. 57.19. Tb jurplua for the er wa Jl.SiS.C3S, an (r. ereaso of ,129,W over Wi. Amerlenn.llrltlali MM .IV Ajnx nuiiiier me w 1 ... , a, ah fiuir ft vv t s a in Cnniidlaii Cnr Ac Koundri . ........ i.s tlo pref . KS Chevrolet Motor Car tl!J IrlKirii-8enlury ,. .140 Chandler Molora 1.1 Culmn Cnne Huirnr 4ui Ctirtlflti Aeroplane ,u nmeiann 12' Krle retB .... l2 llaikell ft Darker CAr M llendcn Manutncturlnft ?i Interiiatlonnl Merchant Marine 21V tin prer . . HI Intrrniitlonnl N'lckcl r5't Ki'l' Sprlnitncld 71 Kntlmdlon llronte pref 21 I--0 Tire nn Manhattan Trntmlt IU .Vlnxlm .Miinltlnn . T'i Mlrli.ile Steel T(i, Otla i:ientnr IU I'cerltw Motor 'JS14 I'mile IIiik & Much 140 Ht Jn-iph l.n.l . . 141, H R KreRi w I 10 Htnn.lanl Motor n'l Miliiimrlne Hunt t r cifa .lit! Trlinplo rilm i t clfa ni I'nltetl l'roflt hhnrlnir IS f H I.ldlit A Hint I iln prr !, While Mntora w 1 4'l WoriJ 1 llm 3 2(4 STANDAIll) OIL HUllSlDr.Uttia Illliola Oil 177 .111 in .11 71 no til 14-, Ml, 4n'j .-.1 11 . ill .11 21', XI .".I 74 21 70t, Ml S'l in l.-'4 IIP. in.' 11 . t. A I'mlrlo Pipe . 210 2.IJ Ohio on .. . ins 200 Stnnilnril Oil of ("nllfornln 171 .171 -'tan.Ini.l oil nf Nen- Jersey ."17 "iln Ktanhir.l Oil nf Nen Vnrk 2111 .'IS oTiii:n oil, stockp Coa.len on in lin. International Petroleum 12K 1!"'i Dipulim 11 10 rhnlmcrii oil .iiw lloiiKon Oil 2114 2ti, VIldwtKt ItcllnlnR " M M1NINC) STOCKS Atlnnt.i 21 :.! Orro tie l.ico Cooper., P,t, ,l"iA llutte O ft 7. t Uf .A s f'j liutie ft N V 2, a l'lrt Xntlonnl Copper 7 i Unlililelil MrrRi-r 17 is Urdu .Mining ''. !'- Ilime Mml IIU in, Jim Hitler p: P", llllnltn Ilxtcnrtnn . . l, 1s,n K nnecolt uopper ."ST .M Mil-'l'iUv -ImniiKh 40 I", MiKini Coppei IV, I"', MlneH nf Amirki a n NIl'lfllllK .Mlllei Co 7, j Snn Tnl IP 20 UiBt i:il.l I '.m '- 8.1 V.'ct i:ml l.xtenaion , 12 l'l IIOND1? Ililllmore ft Ohli .1 I0J, irrji, frno lie I'.iseil 11 till 131 I.rle U 00 0ti 101U S1H OR'l OIT, 00 7.Vi lOOti SECUIUTIES AT AUCTION Tlio folloulnir aecurltlCH were aolj nt nuction twlni l llnrnea ft LottHnU IIOS'DS Jir.'-.ro lltlcr Itont Vnllej- IrrlXHtlon Co . It per cent Aral mortiriiire, eon I oni Jnnuiir and July. lue 1 117 llipi . . . . .t.ot I2IHX) RCOu Ileinjn VVaKr Co II 1 e. rent. mat moriKtixr, mupin .ihii;ii 011,1 Siilitemlier ilue 11211. . .. .1(00 Fnrlncrirlil VViiPr to .", ir icnt. rnnwiltclnted mortunite. coupona Vl.trcli anil Keptember. clue 1P2H IPTO VVIImliiKton Hi Co . .", per cent . first 11ml riiunillni; mortkase, rnunona llHith ami Keplember. IIM'i 1010 Lelileh Vnllei Coll Co I ppr cint . tlrnt inortR.-iKe. coupona Jnnuars anil Julv ilue t'i 11 . . . fKMl lhlch V'ullev Coal Co 0 ner rent.. Prat mnrtCHue couiKina Jrtnu 10 , and July due ISa.t.1 . .." . . lavi 2CI0 l'ut.lle berlke Corporation. N. J., .1 ner rent . 20lier.ll mortkune. roupona April and October, iluo Hi.", 1 . 3100 New Yuri! Interukbnn Water Co.. ,1 per tent.. Ilrnt morlKiiKe. eoupons April and October, due 1P11 1(00 Erie Unllroad Co. 4 per eent.. equipment truat couponB June and IHHpmnei. due June. 1'Mtl 2'H.O Manufacturers Water Co.. per rvnt nt inortRaRe. cnunona Juno nnd December due lltftil. 101, 21X10 Vlrirlnln and Sou'liwejtcrn Rullnay Co. r per cent first consolidated tnortRiiffe. roupona April and Oc tober duo llivs .. ... Sit; 2100 Cltv t Philadelphia. "P. ner cent.. Interest Jnmnri and July rejr Islired. due December .11 IPJl.. US 1000 City of Philadelphia. Pi per cent., Intere-it J.inuars nnd July, rcit Utered. du Ieeeniher tl, )iji p,ia 1000 North Sprlncneld Water Co , fi per rent.. Ilrat mortRane. roupona jHiiunr) and July, due lOJb...,, 83 .ICO Run bun. Iluzleton and V lllees ltallwav Co., U per cent., second moitKHRe. toupon Mai and :o- vember. due HUH HS'.i 5000 N'en York and Queena County Ilall ay Co . I per cent . consolidated mortRHRc. caupona April and Oc tolier. Uuo lull) CO STOCKF 20 alira ColKnle Co preferred (Okla homa, 20 alira C'olRato Co. com- inon (Oklahoma! . , Lot U0 TO rhra Media Title and Truat Co.. par J J", 40 HI shra. Tiro Asaoclallon of Philadel phia: nar iln 317!i 20 snra I'nnaueipnm iTaciiun vo. SAO S shra. Dank sun 1 r.n altpu rnrn lxchanipe Nutlnnal Hunk! par ioo .1 , . . . r.ni 3 ahi llelmont Online Club ,. . SJ1. lb shra, Kninkforil nnd tfouthr arlt (jtll and 1. Hi Streets) I'niarnRer llallnaj Co. , . j. .... 3I1 fi ahra. I'rafikllii Truat Co . rar Ml . 11114 4ii enrs. I'eopie a -iruat io , par a, . ,j- .1 ahra. Fire .vaiociauon or nhl-t liar $V .1 ahn. Fire Aaaoctattlon of of North America. par par 71) AO 1'hlUdei-Phlladel'. li a la: Mr " .Vi ahra. Central Truat and Bavinxa Co.: par t.'Jl 10 ara. Central Trust and Hailnra Co ; par Vi ,. . CO shra. 1'topte a National Klre lnaur- anco Co., iMr 123 t. .. 10 shra Phllidclphbt. Uourae. common, n.ir "4i ,. ...;........ 10 ahra Insurance Co. of North America, p.ir 1D ' .... .. .... .. . 4 ahra Hank ot North America! par int : 1 hr, Kurmcra and Mechanics' .Va 3-17 3ttt). CO COi. K.1, w; 23U 250H 1VW. tlolill U.411K; par iu ,. . T shra. Tarmera und Mechanics' ?Ca- tloii.il Hank: lur I1U1 .. , .. , 120 2 ahra. CHrard Nat tonal 1lant par Jloo-340 3 shra Contlnental-Kaultable Truat Co.: par v ,.. 00 2 ahra. Pldellty Truat Co.t par IlKi,,, T20 n anra. rrai.Aiiii nu,t .o., par j idl a ahra, tiiraru iruai n : rue Jlli-l.,,.. a 14 1 snr. uiruni trust 1.0 , 12 ahra. fllrard Trust Co. 1Q stirs. InteRrttr Tula Insurance and Dur SUal. par io . .. ail U10 'Irust Co.; par 3u . ,,,.,.,...,,, 220 27 ahr People's Trust Co.; par 130... 40 2 ahra. Pro Went Lite ana Trust Co.! liar Sl'-O . ...... ... ...... 840U B ahra Itobert Morrla Trujit Co.; par JO sura. VVaV'ne 'Title and "TTuat'cV.t'pir 1100 , ..... 1S0U 2 ahra. Fire AarocUll-n of 1'blla.ilcl- phla: oar W .. , 33CVI 5 ahra Insurance Co of state of Term- aylvanU: par llOn '. ... 100 6 ahra. I'hlUdelPhU Llta Insurance Co.; . y M'? "0v "',: 4Vn B shra. 2d and Jd lUllwa) Co, S ahra. 24 and 3d 233 Streets Passenger Etreeta P.ixK,mirpr ltalla Co .... .. ... ". 23IV4 3 shra 1,1th and 15th Streets l'a-nger laiaar u. 4 ahra Creen and CoaUa Strecta Pas. sender Hallway Co. ... . 8 ahr John 13. Stetson Co., common, 1 par li 1 , , , J ahr. John li. Stetson Co.. common, par 1W ,.,'. , . 2 ahra John M. Stetson Co.. common par Sluu ... .... 1 ahr. John 11 Btetaon Co. common par 100 , ..... 5 ahra. John B. Stetson Co.. preferred par 4J10O ..,.., . . . , U hra PennaylianU Baft Manufacture fi ahra -T.. ins Co.. par. 150 u. uriu WO Co preferred S alira. Keyetone Vatch'raae. Co. iO ahra American Drednlna; Co. aloo . par par par Lot 233, 150U 03K iOl 4CO' a00 103 001, 07 TSi n.. eo-slu-a Heading iron Or Co. . IJ shra, OUnt Port Und Canuot Co. 'Tt ahra. l.rrnian Thfatra tlnal,,. r. "'.': 'v":.wi1J8..a!? ca prsferra. AtUnjlc Cit K J , Wr 10 ,. 22 ahra. Eoutufcla Vn. Society trf Ig W ahra. V."?,-. ,r'1Mbl JJL, Society fblladflphU, preferred, par f i:ir 1 It T ... h,' I. m 10 r 10 Itemllnl 1SI Ton llolmont ID Ton Mining Hl l-pli Copper. .237 Vlilnn True . )iU7 I' 11 1 .13-2 X H. Fieri . Rail .11 11 m int Aico. . . 10 Went dec ... ,. .1 Wen Jer ft Son r.nv; fco VV Cramn ft H, 81ii . o-4 1, ..I 4 ii11, I4U II1H nigh 1521 20 Pll nre, to ro VI' in fiJ. fOU -,l's 81 ' ..aH inn ipi. 7S1, lr,i4 wv, 83 1J5TI Cl0 12251 1221 24 PV? n4 :i .:i 72', ltll to Yi4 ti 7!,": vi r.su 81 2S lUJl 1"' SIN !' in 41 !l 111N I V ROV, 82W 1221, ll 0i II .) 7lt T S., ii,' i-j " V"i 711' k r.i .-1 1 11 2S'i IIP in 21N HI' I. 11",. 7. II no 8". ir.iifc mV. fn'. Si'i Totnl aaleil. 11.414 aliarea, rnmpnrrd it lilt I.1.7M nharea fteritnu (linn far thla eek, 4B,S98 fbnreal aame period lntt vieek, 31,801 linrra. taut prev. -ale. Mich. J20T4I Am On ft 1: .v ntVi t .vinn M ft l'cn Tr 4a. i1, Mti, tprni Hnrn-oed t:i (1. 101 10111 him liirrlfon lira "1 PI (tooo Key Tol 1st .la.. Prt'S P1' Sinn I, .'nv Imp 4. Ii7 P'l-j 1ft m' v - .. P t. I. ,a ,,".lt ,10110 I'enna kch 4Ha HUW 101 '4 im4 l'"i 211 run 1 in ci -111 .ion 100 in" i'n 211 o tills . . . na. lis is l.'CO fhlla htee 1. Mil la. N' loo do 3s 101 HUM 1 let titv Cloe. P2 P2 si. SIN 1011 111), PI l. nn', rn II7U IliN Pl! PIN IS; IC4t llil lot 741. Totnl fnlea, .II8,T.J. rninpnrril vvKIt J!I30,I87 jraterdnyi thus far (tils e,-li, ?l.0, 2101 anme period lntt erk, -13 1..10I. 7000 Head Ren 4a n.".J, PI'ti nV 1000 Ktaii.l (Ins IK. .Ini'J lot lol ;W Vn Itja t e 4" 7' 71U ll'l Local Bid and Asked Dubinin . ... tin pref Ilurr ft .sua tt.. tlo pref llrlll JO Cam Steel Illee KtoniRC . lien Asphalt ,l pirf . Keislnnc Telephone . iln t c tio prof tike huperlor Corp l.rlilih NnvlEntlnn t.ehlRli Vnllej LehlRli Valley Trnn rlo pref I'enna . . -t . t'hlla Electric I'hlln In . . . do .", per cent pref -tin II nrr cent pref. I'hlln It T ... tlo tr cits rteaillnir lonopih llelmont . Tonnpnh Mlntnif .... tininn 1 Taction . .. t' (J t tl S -tecl York II" 5 dn pref V m Cramp t c Today's Hid Arknl. tun I111114 Ycater,1n a Did Asked. inn nt 1117' j insi, 10s tin is), fi ' st; uj .IliN ",7 "1, 17 ai 40 :tsu 111 71), 7T, 711, 71 IIIV I I 1.1 111 II II .-I -II 111 Tun 711 71 1IN 141, 11' 141. ll'4 111, 111. 14, III 70 in 70 ti n, n n'l 7si', 7I1. 7SH 7ll 7m! 7 li. Ml Mt 1M4 is-i, isi. in .ISN .'S, .,'.14 IV, .si,. ,ist, r.su, -,sv 2S JSlj, 2S 2SI, l.'lj 41V4 14 l 3-. 17 :n :;m 4 0. 41 43'i H ist in in 1111. 181, III VI till, sii; mu 8l sj 1 r..tii i. 41, 4ia IM 7 lls fii. IU, III, 144 till IOl IKl1, PI v.-, Mil y sin 1 ".,li ,?'' n'-" 31 .1, ."4 TV SI SI St VJ Financial Briefs A New York Coffee nxehange memliei ohlp sold for $3:00, up $M0 from Inst previ ous oalo David It Koiftan president of the I'hlCHKo Clenrlnir Houno Ainociatlon, vvn4 10-eltctcd to thnt oPIic tod.-iv. Chnilcu G n.ivves una clot. tad vice president The mine Clearing Ifouhc Commlttco vvns icnppolntcd The nttibursh Steel Company reports for five nitintliH ended November "n InHt. cross sales, $7,839,313: Increase. gl.UM.Sll. CnrnlnKB tifti-r expenses, 1,417,U2J, In crc.tse, Jt, 212,0;.' Net eanilntTs available for dividends, $1,335,283, Increase, Sl,lS7.n:s The report s.-us that ordcis nnd con tr.icta for the compnii'M products are nt this dnte 1 tritely In excess of tho nmount for same period of last .venr. Stockholders of tho KellosK Swltch-bo.-tid Conipaii) .it the uimual nicctlui; nuthoiized an Increase in tho capital stock from J2,00O,Q00 to $4,000 IjOO, The New York banks (rallied from the Subtreamio cstcrdny 5-.lW-.000, nutl gained since last Fildny $2,776,000.. Itapld Transit wns bought nt 19 by Chandler Ilros , C. Clothier Jones, Klemm & Keen and Sulllvnn Ilros, C. D. Baincy & Co bouitht Cambria Steel nt "3'4 At n mcetiiie of the trustees of the New York Trust Companj held todn, Otto T. Dannard declined re-election as president, and was m.ido chairman of the board nnd of tho Ilxecutivo Committee. Aitirtlmer N. Iluckncr was elected presi dent. The New Yolk Stock nxchanfte Is In ntiKuratlns a dlHtribiitlnt; department In connection with tho Clearing House. This department will be put Into operation Friday, January 21. Hooks of rules for elearlm? and cards of Instructions for clerks of members have been delivered to every member of the ClcurlnK House. Tor the five months ended November SO the Plttsburch Steel Company reports an Increase of $1,203,911 In gross earnings, 11,212,032 in net nnd a surplus available for dividends of $1,333,2S3, nsulnst $1I7.CG0 in the corresponding period of 1911. SOUTHEKN RY. TO PAY NOTES No New Financing to Be Undertaken. To Borrow From Morgan & Co. NEW YOrtK, Jan. 19.-Southern Rail, way's $3,000,000 three-year 5 per cent, notes, due l-'ebruaty 1, will be paid 01T In cash and no public financing- will be done at this tlmo in connection with them. Net earnings of Southern for ilist flvo months of current fiscal year were SETBACK IN UNITED GAS SHARES: CAMBRIA STEEL IN FOR RECORD YEi Philadelphia and Western Earnings Expand TnJ Companies in Prosperous ConditionInvest. J 4. rtnnrmn Qfnnrlilie T. If s menu ointciiiuii vji.Gu.viii(y j. iiipi uving henrtl frmn )i.a i.i .... earning for the pant year J2fV not show the marl e.l W' W U Xn&l9tiV SBI Inc A reaction In United tins Improvement was about the only feature of the Phila delphia market todaj. Tho offcrlnRS of stock were not large, but theio appeared to he n Intk of supiiort, and those who had predicted Hint theio would be no melon-cutting thin spring helped along the decline. Tho general local list vvns Irregular, with some New York buying of Cambria Steel. Of late, most of the news, or rather ru mors, regarding this stock havo originated In thnt city. It was stated today that the company has completely booked up for 19K, nnd that tho high prices now prevailing would mnko this year a record-breaker In regard to net cnrnlngs. Tor some weeks the embargo on etpo-t freight by the Eastern rnilroads hM caused considerable discussion and In somo cases nnxloty lo the steel manufac turers Now, however, lending steel au thorities assert that embargo conditions have been eased somowhat by the rail roads, nnd freight on which shipping Fpaco has been secured on steamships Is being allowed to come through when the bonts nre ready to load Whllo such a situation Is not Just what Is desired by ntcelmnkeis, the fact that conditions show a tendency of relaxation on tho ban by tho rnilroads Is causing considerable cncouraBcmcnt In the steel trade. In (he later dealings on Chnngc Cam bria Steel eased off, and tho whole local list was inther depicsscd, with tho ex ception of .1. O Hrlll which moved up moro thnn a point. A feature of tho bond ti ailing was Hie sale of a block of $100, 000 New York, Chicago and St. Louis 4s. The Philadelphia nnd Western gross earnings for December wcro $40,037, a gain of 23 per cent over tho correspond ing month In 1914. Tho cnrnlngs showed an Incicnse of $2301. Tor the 12 months the gloss gain was $80,424 nnd tho net incrense $02 114, leaving n balance for the vear of $91,314, which vvns on Increase of $(14,274 over 1014. Although Rome complaint has been f ijhi ienl "B il ern' tiif? 4t f i Tl flu nlcs tho Commercial. nn...f?nif,al tb. Provident, showed some roiu- '.' "ilaal wtr plus and undivided profits, due wmrfB K y to writing oft of securliv v!,u. wHl Pd The recent turn for tho better li! .all? IB.) Hon soli Ht W prlr lac ur "I rh' rue1 the Ml .in w prl' iirevninnir monev m n. .l. . " panics of thIA city genornlly lLI Increasing volume of business Ji.h 1 hnr nrl rnvorl, ,.! .."??' a"r!ll (aj according to the figures of condnLM jnnwnry ii, tno tiate of the cult i.jr,J sued by tho Pcmwjlvanl. n.J.Vn mlssloner, as compared with JK,f.u'J 1915. the date of the first call w7 2 Tnklng eight of tho targe comnaM.Jt of them showed Increases hdffisL tween the two Hates incnllorervLla1 M lLT.Zt by..T "&M. M ."". ..nu i-iiiinufiph a Tr-iB Companies were marked rh.. .Jn3 I Investment situation Is attributed to nt Jm lean securities held In Rne-i.j U ?. bcTomo Increasingly evIdeniyS' uritisu investors tiwn m, 1. r-i bonds nnd stocks have not been rarv3 ari' taken with tho nn,.." ni, posal to handlo their American .JM tics, especially ns It places them In .,? a position thnt they would Iosb b, tv, exchange opciatlon It la ..iii.rl that Europe still holds about nuna 4 000 of our bonds, nnd after lloVJ fg bonds that nro so Reourolu n..i ... .! ." J to be nvnllnblo at the present tlratdjji' possible that not moie than mooita 2 ii"fl .. ..,, tuui ,iiu iiKeiy to b ,.uu hack during the course of the war n,., mny ho nn equal amount of stock tktl ' could bo sent over, whlih, taltm u. . gether and spread throughout EumZl does not by nn menus represent tS 1 s-amo menace ns when the war W.1 out, Investors here are gradually 4 ting to renll7o this ond tho dcmanil 7 lilgh.grndo securities is nronort't,n.t.i:rt growing. LlirfiKIAL OIL DECLARES 100 PER CENT. STOCK DIVIDEND This JInkcs Outstanding Capital $22,000,000 NllW YORK, Jnn. 19.-Thc Imporlal Oil Compnn, n Cnntitllan sub3ldlnry of tho Htnud.ud Oil Compnnj of New Jersey, Is understood to h.tvo declared n 100 per coat stock dividend, making amount of stock outstanding $22,000,000. The new stock Is now being quoted on bnsls of HOfllSO. Tho Impel lal companv 3 building a $1,000,001 rentier at lteg.ua, Sask. Woik has pto4rcsed to n point vvheio It Is believed operations will he commenced In ii fon mouths. It Is raid thnt ns high ns f,o edits n gallon Is being obtained for gnxoHiic. In certnin parts of western Cnnnd.i. COFFEE iMARKET FIRM RISE IN BARS AND SHAPES? Heavy Demand Causes U. S. Stl1 Corporation to Put Up Prices ' i4i Tho United States Steel Coiponilojli nun nuuiiimi ma price OI Dnrs Mi shap.es $2 n ton to $190 per 190 poviniiy It has nlso ndvenced the price of Kiii nnuenlcd sheets $." a ton I'lato hits? uucii (lUMiuoeii ? a ton. AUVancti Ji"! bnrs. shnpes nnd plntes U for thlrd-'f qmrtcr dellvcrv, which Indicates Ht far nhcad the steel corporation has lolrf Its possible production Leading steel intctcsts state that ivl ftuhlealfoi tin plate for evport re cnM nious. llshed :3' lejplto the hi, he about two in, lie. pijvej ttiti.it weeks ip:c, in rtufti nvn Tiadint? Moro Active, With a Demand Good NUW YORK. Jim 19 -The coffco market opened firmer this moinlng with first prices 0 to 0 points higher ami thioughout the first part of the da.v con Inucd to show a llrm undertone. Trad ing was moie active, with n good de mand,' especlallv for the lite positions, which rendll absorbed name active sell ing In Occcmbei. The oidcrs were believed to be for tiatle account and were thought to bo the result of it linnet tone In Rrazll. where both tho Rlo and Pantos m.iikets were higher, dcsplto the;urlvnnco of,B-32d. In itlo exchnnso. on London, Todav 's opcnlnK. THtiuart . . rcbrnary JInrcli O'.r. April vim t.i I June 7.11 Julv ".snfi" 29 August 7 :." fcntemhcr 7. It tabrr Xoiointicr rT 10 Dec, niber 7. 40 "lil.l. H.iles. Sluu limn. Vestertlay s close. 11 Midi ll Sl I. STsillS'i t, ll-,flllt!7 r. Ii-iw7.nl 7.0111(7.0-1 i.frien.lll 7,141(7 11 7 I till 7 VI ".JVW7.VII 7 IIOT7. 17 7 :',.",J17 .".7 7.40ft 7. 1 J To Pay OIT Aetna Explosive Notes NKW YOItK. Jnn 19.-An undei writing syndlcnte, composed of Hoston capitalists, has como to tho rescue of tho Aetna Ex plosives Company, nnd, ns a result, the $1,000000 3 per cent notes, that were due December 13. und tho $3,000,000, due Jnnu ory 13, have been paid, and arrangements made to take taro of the remaining $1, 000.000 thnt come due Februnry 15. A cltculur Is being prcpnred nnd w 111 be Issued tomorrow, calling u mooting of stockholders to approve nn Issue of stock which will be offered to stockholders. This stock Issue has been underwritten virtually by Hoston bankers. Tho compaii has some laigo contracts for smokeless powder, etc., with tho Fiench Government, on which n hand some profit will be lenlized. Maryland Trust Increases Dividend BALTIMOIIK, Jan. 19. The liar land Trust Company has declared n dividend of 2V4 per cent.. pnttble February 1 to holders of recoid January -'! This is nn increase of '- of 1 per cent, over the previous payment, which vvns made sis months ago. To Furnish Steel Corporation Zinc NUW YORK, Jan. 19 A continct has been closed between the Butte and Su- ,A,Uaj Onnnata Pnniitnnti n till tla ITnt tfw1 ..... .- . . aaa a I IICIIUl VjUUklCI VaUlllllUIIJ UltU tssu UHIVU -.MOii,ouo auove lost, year, nnu win supply rittca stee, corporation whereby tho tuuuis iu mi-ub iui u, iiMiuiuih itv.c.. i fQrrrter Is to i What additional caih Is needed will be louned to road by Its bankers, J, P. Mor gan it Co. Adoption of this method of temporarily financing tills capital obliga. tlon Indicates that permanent financing will be nudertaken later Jn. No Infor mation Is et available as to what form permanent financing will take. The road has $10,000,000 of 5 peJ cent, notes, duo March 2. 1917, which maXbejiermanently provided for nt (he same time. deliver to tho Steel company 4C0) tons of zinc concentrates to be de livered within the nest four months. Cobb's Creek Parkway Tract Sold William A, Ramsey nnd Alexander Tay lor have bought a tract of ground between Spruce and Pine streets. Cobb's Creek Parkway and 62d street from the Glrard Trust Company, trustees, for $97,197.6-', The price paid, about $32,000 an acre, ex ceeds that paid for any property on the Cobb's Creek Parkway, Two weeks ago the niankley tract, consisting of about two acres, sold for $43,000. ot 60c. iv DANK CLEARINGS lUnk ctrarlnaa today compared wltb corre rpootli.. day lW.tvo ,. PlllladelDllla.lW'IS.OTl I3l.77l.-tt0 KS..I1 8,002 New York ato.lss n-o 27li,. nn ..;. ".'.ins Hostcn ., . .U.lMll.lli 2-i;i42,01! .10,M.2MI Chicago . 00,074.317 54,771,sau 3I.8.M.7M Tries Death by Poison Route An attempt at suicide by drinking- poi son was made at roldnl?ht by Thomas Logan, ii years old. 1233 South St. Bernard street, Pedestrians found Logan uncon scious, at 9th and Arch streets, and Bent him to the Hahnemann Hospital, where he U In a. serious condition Detective Martin, of the 11th and 'Winter streets station, is investigating the case. Block of Copper Sold at 24 Cents HOSTON, Jan. 19. The Massachusetts Mining Company has sold a large block of copper for 21 cents cash, for domestic consumption. Tho company was asked for a quotation on 1,000.000 pounds. Manchester Yarn Market MANCHESTDR, England, Jan. 19. Yarns are quiet and unchanged. Cloths are firm, but the higher prices asked check business. NEW YORK BUTTER AND EGGS NEW YOIIK, Jan. 10. DUTTEK-Market tlrni. Receipts. GlVt) packages. Kxtra cream ery, 3.1c., higher -scoring, .He : State dairy, JOUOlc ; Imitation creamery, 3tr-)hc KC.CJS Market irregular. Itaccipta 5.-0 packages. Extra, rlrata. JittJSc; Urals, .1293.1c, nearby whites. u0it41c.; mine J color. 37iJuc.; nearby browns, JJii.lTo,, refrigerator firsts, MlsJivaiic, " Price Changes at Auction Today's local auction sales of securities developed a number of Irregular changes. Corn Exchange ilank Bhares fell 9',; Bank of North America, 6, and Peoples Trust, 2Vi. On tho other hand, Pennsyl vania Salt rose J!Sii Olrard Bank, 5; Qlrard Trust, 3JJ; Integrity Trust, Jo; Provident Ufe, Hi. and Brill preferred, tVi Second and Third Street Hallway rose C, while Fifth and Sixth fell 4',i. Blame Ice Cream for Maid's Death Too, much (ce cream In the kitchen of a bouse to which she had been taken to act as a door maid caused the death, ft Sarah Thompson, 47 ears old, colored, maid of Mrs E. Harrison Tajlor. Belle? Mills road, Chesknut HID. early this morning. She partook; too liberally of tho refreshments for the guests nt th dance, accodlpg to tho .police. RAILROAD EARNINGS Bl'PFAW. ItOCHSTE AKD PITTSBUItaH isiti Scoad week January . 4243.UTS trcm, July t .8.MU TEXAS ANU PAI'IICK Second week Jjnuarj- m 84 1 Vrom July I 1U,7". UT CHUaAPE-VKB AN 11 OHIO. Kcconil week JacU-lry M4 HT2 Ytoa July .... SM61.U3 CANADIAN OHTUUl so..1.l4 I.OU.UJ $2 811 $171 -r.T 434.433 circles It la believed that quotations ba: not Ct iPitchcil tlieli ioji tevei, .ma JiuS uiilos f-omctlilng unforesoi dtuWfflj theio will be nu iittunl siarslt of tkul ptotluct It Is pointed out thnt frelsluj inlc.i In the straits on pig tin have Uo2 advanced oevcinl hundred per cent ov the nrunul chnirto nnd under the clrcuu-i sta.iccs, and in view of the abnormal tS2 inntul, It Is stated that lusher prlcw? would not be coniulercd u lrcasonalle. Jv MATURITIES SMALLER tut Ml Al ! li ra! eui m (Is tic trl Ut H. c 4ti tit et tr) li Al If tb tti Sf ct a ef 'V CO r 1! 1 c Amount in February Estimated i $36,826,400 Mntuiitlcs of bond nnd nolca of Itsiilnf i J rallioad and Industrial (.orporatlons l?J l euruar arc ostimatcu ti tne ew lon-s Journal of Commcrco nt $3iJ !LM,IW), con. j pared with 530,778,700 In January tft 3T,. j 03S.7S3 In "I'ebiuaiy, lOl'i " . 3 11 w IVIipnni ! mliiiltlna 4tilai m-9 !? IU I klllll 11,1 lllll till IIIV. 1 VlllO .' ' ; nppoitloned: Rnllro.ul bonds. 17EW.MS-'! rnlltoad notes, J2J.CS3,:00; Industrial bornS, fl.GCO.OOO. and lmlustil.il notes, ftOtCOOg THE WEATHER 4 Ollicinl I-crccast .. WASHINGTON. Jan. U Tor e.istctn Pcnnlvanln and NewJei se Vrslr tonight and Thursday: narrow. Thurad.i; moderate winds rjcomlDt south. 'Phn nnslin hnlf nf ItlO pnilltllV la CCV! flioil lv n lurco area of blah Lsroaietri prcssmc. with the ercn over the '''f'S' .. ..n.lA.... i.f l.-A..I..Alr. nn.) n-T,nPM4--4 this moinint;. Fair nnd cold w cather prtt, vnlls under Its Influence, although tb temperatures nro modeintlnK slowly at most places. The western half of tlis country Is under tho Influence of coin paratlvely low- barometric pressures. "'. tho central depression over Utah. It Ml caused scattered pteclpltatlon. with i, considerable ilso In temperature In IM Missouri basin. II. S. Weather Bureau Bulletin i Observations taken nt N n. m.. Eastern UraaJ 'ow O In-, tlnln. Mnf.. fitntloii. n in n't tall Wind, luArntsi Atlanta, ns ... -" .vtlnmlL C IH llalllmore. JIil,. P lllsmarclt N. 1. ". llrflmi IVtara ... II, nurriiu, r. v.... n charttstoii 8. c. as Chicago, III. ... I') Clnclnnitl. Ohio. S I'lciclnnil. Ohjo.. H Ilenier, t'ol... . IJ lietrolt. Mlili. , il ilalveston. Tex.. " Ilurrlaburg 1'a . P? Hatter.t3, N. C. ' "- llnlirnx, S. S.. to 4 Helena, Mont... MS :o Huron. 8. 11. .. 1 " n1luniiiotls, Ind, 10 a Jacksonville. I'ls. ni .14 Kansas Cltv . Sl to Knoxvllle. Trim. II 14 Mttlo Itock. Ark. ill '-'4 Ijat AnKelea. Cal. 411 44 Ijiulavllle. Ky... 14 14 .lontBOinery. Ala. till "n Montreal, Can... 12 -' Nashville. Tenn. 14 14 N. Orleans. Iji, .01 111 New Vork ,,., 14 14 Norfolk, Va.... i'll '-'4 Oklahoma Okla, --' -"-; Omaha. Neb,,,,, SO 14 PliilaoelphU .... li l'l Phoenix. Aria... 4D 40 1'lttaUurgh Fa.. W 10 I'ortlan'l. Mc... IS Hi Portland. Ore... 1 V guebec. Can .... '2 t. Iiuls, Mo., IS )h St. Paul, lllnn , 2 S Bait Lake. Vtah. 13 SS 8. Antonio. Tex. 31 S3 San Fmnclaco... 4i 40 Santa Fe. N. U. 31 311 Sa. Ste. Marie.. 0 4 Sc ronton. Fa,. . 14 12 Tamoa. Fla... . 42 42 VVasblngton ,. . IS 1 Winnipeg. Can., 0 4 -uciow seru. 0 111 tr. 4 14 ::i. ii s H 111 4 40 III N VV svv K svv ".0 vv NE 8V rt . HVV N bV i: . vv N ,3J VV VV pi: .. 8 N KK NE . K ,62 NB rtr. . Vltar 10 Clear J ,, near 4 . flew 3 11 flear -3 .It Know '- in Clevr 'I IS t'Uir S ,. near i ; Clear J , Cloudy i cioaar, in Our ,, is cifar 'A tltsr ,1 . Clear 11 Clou) i Ctrar NK HH' NK sa vv NB KB a vv hi: svv svv K s s ,10 SE ,04 B Ion N ,20 SVV .30 W ,. SVV ;. n .tj .32 ,00 ClfKlJf 1 1 1 1CW HMdM . riouirj ; pcuuifS SO nouoj i riMir 1 . ckfcir 24 IWII! sar ii essrn FClotl to i',tiy to riojaj 14 uiwifj 1,1 f-l.tr' sii rviui- , Hia . u.ls. . cW'r'1 near : dear'. ' rlr "I ClouJlJ 111 Observations at Philadelphia 8 A. m. Barometer .... Temperature Wind ,,. ... .....r ,. Bky Precipitation last 24 hours. . Humidity .... Minimum temperature ... Maximum temperature . Almanac of the Day Sun sets .... ..... . Lamps to T3e Lighted Autos and other vehicles ... til "" .CUM b" s oi r-n :: The Tides FOIIT RICHMOND. Illirh -water I aw uater . . Hint) water tomorrow ... t..r.1. c. H4IARF tlllSIJUl D1IH.I" ' jj pj Iaw water . I llxh water tomorrow JlEEtVX ISLAND- liHSi ! 11?" S.-CS 1 l3- Hlsl) vtater Low wtor . Hlxh Hater Sacoed alc Jnmry 4ioia July 1 Dec.re.iied. 1110.300 au.0T4.mw IM.I00 s,ku,sw ; WjJti W4t Low nriJUr lllch tfjttr I.VW imtcr tomcrrovs JBEAKWATEIL ?; lo.io i J2J .m a