BUSINESS MEN NOTE BIG RISE
1M PRICES OF COMMODITIES
increase in Burlaps Is at Least 60 Per CentAluminum
$ Quotations Also Go Up
EVEIG LEDGER-PHILADELPHIA, WEDNESDAY, JANUARY 19, iOifl.
TT I . iL&an iMAVAHfeA A 1 fL
taW cent recently In the prices of bvr
F.Erf Anhell & Smith, Bourse Hulld-
L "There Is a burlap bns which n few
".. miiU tidtiA VtAAn Krtiiirhi ni A
" ""L""" : ":. "r,.8"' "
Burlap." "e al,J' ",s mado from Jute,
and tieriy all the world's supply of Jule
eonea from India. It Is manufactured
ihtfe Into bags. Catcutta Is the great
Market for tho burlap bags."
i ,fVVht do you think 13 tho principal
ttiipti for this advance In prices?"
ithere are several reasons. One Ib tho
!. -t... (r.ltlneF rnronaa frn Tnrlln
? is a ship on her way from India to
th,, United States nt the present time
Uh about 20.000,000 yards of burlap ns
Mrt of her cargo If she hasn't been tor
HamA or met with some other mishap.
ffhoi the number of bags used by the
rail" In Europe for filling with sand to
gfce fortifications, Is beyond alt calcula-
There Is a movement on foot to
mSstllute cotton In the manufacture of
Mft. This will unquestionably glvo a
toast (o the rlce of cotton, but If tho
Vfc of cotton should advanco too high
,lben It would bo cheaper to go back to
. krtt&.
f"Burlap bags arc used for flour, sugar,
nini potatoes and a hundred Buch com-
fnoditlM Bna ttl0 d6mtin1 ,s enormous. In
r.k. A.ntlne thev Use millions of tlieno
IMP I" tno wheat harvest. Therols oblg
'hursts In second-hand bags, and thev
'jai also proportionately advanced in
"'
ALUMINUM GOBS VP IN PHICE
1 could not say that we nre manufac-
'Muring 'more aluminum than lost year,"
iild the rjiiiaaeipnin manager or tne
'Alatmnum tompanj- 01 America, incre
1j bnly ono company manufacturing nlu
tnlntira In the United States, and that Is
cur comparts-. Aluminum can only bo
mnufactured successfully as a commer
cial proposition when you can get a prac-
jltlcslly unlimited Quantity of cheap clec
tirl..nrrent. We have one reduction nlnnt
It Niagara Falls and ono at Messina,
H. r. At both places tho electric cur
rent Is made by hydrnullc power.
R "One could hardly say what the price
cr aluminum is. iiihl ocpiemuer u was
meted at 19 cents a poundl today tho nuo-
ititloh Js 65 cents.
k- "Moat people think that tho greater part
Ytit the aluminum Droduced In thin mun.
ftrjTis madn Into cooking utensils. That
tli the smallest branch of our busings.
'Aluminum Is made Into automobile bod
f lei, snd It Is now entering largely Into
tne manufacture 01 pans or internal com-
'lustlon engines on ncoount of Its light
ta and strength. There Is not a pound
"ef tin-hcnrth steel made today without
fa small quantity of aluminum. If an Ingot
f'iteel were cast In tho ordinary way
fuid rolled, and then cut transversely, you
PmhM m smnll snnrpn whnpd nl l.n.i
.e'ftrnnP.Tt0,lt from lhr 119. na
ever pure." "lumlnum Is rarely If
C II. SUPPLEE ON OETTINQ TO-
UKTIIEH
llnf 15 V'TS "60, when a man In our
or hi ,busl"esa would meet a compel!
nnnr ?ln "'i'. Cl0M lhc 8trect " """
uivV 0wn. hls hcnd or "" " 'ho other
snn1 aZV av?l(1 ""'" 9nld C. Hender
nnlrv .rp,lec' ?f the S"PPleo 'Alderney
U Kl .iln lh0 dn,r Btlu lc business
set together and discuss our business.
hi Z . mfcl cach othor wo shako
mm? .fcVo.found llmt we C0UJ 8'V0
rff.ii.0the.r .lcle,la thQt nrB helpful. We
Tf ,mt "mnn en"' "Pcct to get
t,.i ' ""ggpstion rrom another man In
Busineis unless ho gave something In re
turn. And wo flml ii tiiv.
aET-TOOETHER MEETING
ni?!l? ?r8t,1!c.?tlr'rof tho Jteinbcrs' Coun
cil of the Philadelphia Chamber of Com
2IJccf.1rl2i6 was ,lelJ t0l,ay at n lunch
eon at tho Hotel Adolphla, with about 100
members of th council present. There
was an open discussion ns to how the
council could best serve tho Interests of
tno members of tho chamber through tho
group system, which has been organized
inside tho organisation and which tho
n. cra of thB council represent.
This group system, It ls claimed, ls a
new departure In tho activities of a
Chamber of Commerce, tho Philadelphia
Urnmber being tho first to adopt the Idea.
The members of tho chamber nro classi
fied Into groups, each group representing
.. iiraur inuustry or business. These
groups each select a reprcsentntlvo to
he Members' Council and In addition they
have regular stated meetings, where mat
tors of Importance pertaining to their par
tlcular group nre brought tip and If of
sufficient Importance are brought before
tho Members' Council. Eventunllv they
come up beforo the chamber ns a whole,
where tho full weight of the whole mem
bershlp of tho chamber Is brought to benr
In order to carry the matter to a suc
cessful Issue.
Centered and which the rolling nroccs.q hmi
ijict-forced out. Tho addition of a small
quantity of aluminum nt a certain stage
aWrcomes this defect.
1 t.The raw material from which aluml-
ruhi ib iiiuue ib a apecies 01 ciay caueu
;cjnxue,' ana comes principally from Ala
toi and other neighboring States. One
of the first stages of manufactum In tn
iijueezrout tho water, which nmounts to
Brper cent. It takes a heat of from
4900 to 6000 degrees In the electric fur-
IftMcej to reduce the remainder, and tlKiro
jlls not much pure aluminum In a ton of
the raw material. Our company Is not
tithe only one that sells aluminum. There
ftre many second-hand dealers who buy
as junK anu melt it, out they cannot
DYES SCARCER THAN EVER.
"The dje situation could not bo much
worso than It U today," said Wnlter K,
Knlpe, dyer, of Hancock mid Derks
streets. "A man came to seo me about
dyeing somo men's swenlnr rnnta n pm.
4aln color. I told him what It woulil
cost to use thnt particular color, and he
figured that It meant an addition of J3
n dozen to tho prlco of his goods, but he
simply had to havo them dyed, and ho
placed the order. Somo of tho rtvns wo
are getting today In this country nre
coming from China. Tho additional pack
ing tho Chinese put around them would
add at least 8 cents a pound to tho price.
Wo have to pay vsry high prices fur
these dyes and send the money over be-
iuru we gei tncm. this country can I
maito nil tho dyes we need If the Govern
ment will only take hold of this matter
In a common scnao manner and give tho
necessary protection to the manufac
turing. "But," ho added, "If many of tho state
ments we hear from Washington aro
truo the proper Government ofllclals who
are handling this matter have very dis
torted Ideas of tho real situation."
DL'TIES REDUCED IN BRAZIL.
The President of Brazil lins Just signed
a decree materially reducing the Import
duty on many United States products,
including wheat, flour, condensed milk,
clocks, typewriters, corsets, etc.
WHEAT DROPPED
ON HEAVY SELLING
Business on an Enormous Scale.
Buyers of Yesterday Were
Prompt to Resell
CHICAGO, Jan. 19.-Thcre was a break
In tho wheat market today following n.
show- of strength at tho outset, when May
,.?1.'.C.I!0'.,J:32, a now hlRh record, against
1.3154 at tho end yesterday. July opened
unchanged at t.S4, but later advanced
!fic. May was enrrlrrl tlmvn , ti -m t..it
closed a little nbovo the lowest at' i.30,
and July to J1.23H, but finished above
tho bottom at J1.23H.
Trade was on an enormous scale. An
early advance at Liverpool added Im
petus to the bulge hero yesterday and
brought a great many buying orders Into
the market from speculators. Yester
day s biggest buyers wer nrnmni .
sell In a vigorous fashion, A leading
campaigner on tho buying side yesterday
was credited with Unloading 2.000,000 bush
els. This was followed by extensive sell
ing from the other sources.
Tho market nt Liverpool also turned
easier on a drop of 9d. In Argentine
freight rates to 160s. 9d ntid Indications
of freer shipments from that coMntry and
Australia. There were rallies at times,
but bulls wero not aggressive.
The spring wheat markets were easier,
and there wero reports of Increased sell
ing by tho country. The weather forecast
for the gicat crop-growing States gen
erally Indicated hlcher irinnrii.u.
Tho price current summary was bear
ish. It is said that extensive damaRo
from whiter killing was problematical,
and that surface freezing did not cause
great damage. Foreign crop advices gen
erally wero favorable. A dispatch from
Kansas City said that elevators there
had about H.000,000 bushels, with 2,CO0.000
bushels on tracks.
Export demand was noor. nml It nvnn
reported that hard wheat was offered at
loner prices at tho Gulf.
Loading futures ranged as follows:
. Whent Oncn. High. Lmv. cltKr!" ctac".
y 1..12 1.32 1.110 t.nil'.i 1.3IS
";iJ-....-:-.,.',-,-.?.,f...'-1 ' i--'STl.-l T
ww i i iic v urn vt'rjrjf"
16
MINING STOCK QUOTATIONS
TONOPA1I gTOCKS.
Bid
Jim. flutter ....... , ,.,.,. ,il
icNsmara ,,, oi
MUcah Exttnslon .I.,."..;"; I 20
Montana . ,i,,,.,.,,.,,.,, .no
Northern Siar ,, ,.,,t , .tn
Tonopah Belmont ,.. .,. 41i
Tonopsh Rxtenaton 4.
Tonopah Mining ,.
Rescue Kula os
west Eid ... . ,;,.;r; :;.:;;:.; ;
. .. OOLDPlEtJ STCWKS.
AtlAnta .20
Biur Bun :..:::: ,m
Booth .,, .3
UUIIdog, ,., 02
Comblnstlon, Fraction 07
Dlomondneld B U ,at
lift'r , 01
Klornc ,, , ,..,, .to
90W2'W 'joniolldated too
Goldneld Merger ., .to
Jumbo Hxtenslon 1.2
Kewanas 20
t)ro . . .01
Sand Kn ...... .ns
Silver Pick Sa
, , , MISCFJI.LANKOUa.
Falrv Aeteo 01
Klmberly.,. 02
Neadn Still ...........;;: 1?
Nrnd Wonder t.iio
BAIt SILVER
In London bar ellver was quoted at
pence.
Tho price of bar Hlvcr In New York
,W5 cent.
Aaked
,m
.ot
.10
2-T
.32
.17
. 41.
4 7-10
.oil
.70
.51
.Ot
HI)
.01
.01
.IN
.01
.Ol
..4.1
l.Oll
.IS
1.31
.21
AH
n
.00
.0.1
.01
so
1.70
LONDON STOCK MARKET
20U
To Add More American Shares to
Treasury's List
LOXDON'. Jan 19,-Deallngs In Ame lean
securities on the Stock Exchango con
tinued small, and tho group had a
checked appearance. Seventeen repre
sentative Junior American stocks and
United States Steel preferred will be
added to tho treasury's list of acceptable
Issues tomorrow.
Canadian Taclflc displayed heaviness.
Home rails were Irregular, but price
changes wero confined to fractions. South
American rails again advanced. Tho
gilt-edged section was steady. The neces
sity of an early new war loan was ques
tioned, owing to the Income tax col
lections and an increase In exchequer
bond sales.
Last week's revenue returns were
8,000.000 and the expenditures were
JC2I,000,OW. The amount of exchequer
bonds outstanding was enlarged by
19,000,000, nnd of treasury bills by
6,000,000.
THE
BENEFICIAL
SAVING FUND SOCIETY
of Philadelphia
Nos. 1200 and 1202 CHESTNUT STREET
i.vconroiiATEi) Armr, sonr, ism
riiai".
Mn.
fny
u fy
Oata
Stay ...
July
Lnrd
.TAnunry May ....
Julv ...
Illba
.Tanuary May ...
January
May
Uld.
. . . . 70
.. M4
. . . Ut
....10.R2
....11. Ill
...ll.'JU
IO.V)
. .11.2.-.
. . ao.tm
. .. 20:17
tAskert.
70H
Ml
001,
10. re
11.10
11.22
1011
11.2.1
2000
20.W
7M
701
r.2;
4l)W
70
MRU
C014
10.07 10 07
10.IK) 10.11.1
11.10 tll.12
70,
SO
ra'j
con
lo.so
11.07
11.22
10.7.1 10.7,1 1000
11.2.1 '11.12 11.21
111.07 1I.7 20 02
20.t5 120.22 20.43
LIVE. STOCK QUOTATIONS
50.000.
ffnn.1 ipnvv C7 1?.fi7Ml A..t. .:..
bUii?si'oflW i'MV1-- p'. ftwsio.85:
CATTLn-Bocelnta,
Ileeves, t5.(IJipHS: cowa and imlfers.
OIIICAOO. Jan. lfl.-HOOS necelpn
...ninck Bimuj .uixru hiiu UUlCnerS.
..ki; kimmj
18,000. Market alearly
8-,2Hi3iWnI l'-;jOS'liea. JHiTl6.7.1.
SIIEUl' Heeelpta. 22 0OO. Market ate
Nathn anil WMfi.m
0.S3.
H.COSJ
Market tqHi.
S4.iSftT.00; lamba. J7.M
;i PHILADELPHIA MAEKETS
WBBAT.nerln(n ?OR 77n (.nah .tiarAnnu
.filTjileraand from millers and exporters and
rrtttl. PJled ateady. Ountntlnnn: tnr Inra. In
?BS.,Jjvttr N. - r'd. "Pot a"rl Januarv,
I1.M81.M: No. a Routhorn red, Sl.ttllff I.II1,
?.y.1.r'ltil A. S1.25HW1.27W:' rejected "5.
itWiffl.ift (
,C0R(f. JlecelDta. 12.1(10 buh. Offerlnea
jff ! 1 tho market ruled ateady. though
jaljf. Quotations' car lota for local trade,
u to location eatern No. 2 yellow, SlOMc.;
S5t.i,eK5fr.jre,,owLsHwo.: do.. Ko. :i
Mr 70 iSf vh iu,hern yellow' S0K!c.j cob.
P0ATS.-necelDtS. 111.340 buh. Themnrkpt ml.
'SSfJ u.nU?r "Shi offerlnga and a fair de
(lard white. .1Ri.jft.1iic.: No. 3 white. 0J
flMi? 5S,n,., B,ViS2Wc.i aamnle oats.
St?FJ?ii Rurlflfl oata. graded, SWAc.
J"ce.'?a... bbl.. and LfltSOO
l th. ni 1 .""ii were nrmiy mainiainea
SLSffl'11.'. !ut transactions were moatly In
ESSJ;?iI"li."oc'"'.whlc,'wcro uvullable at
ntativ.u; Si. -.". . wiiivn wero uvuuaoie at
GrM"))!, p.rls- . Quotation, ner 1UU
ttflfrhl "tyfeiV.'S!"-, clear. 3.Ml.''.f"l; do..
SSL. ift?02? d0-. wtent. in :i.l0.(O,
iSffl Sc"k,JUS ic.f ?,, 5-Srlifl.l": do., patent
ftiso" S; -tl-y. prlnp, tlrat clear" Jo.U)
UjSa.-,tra.lBht- ,ftK83; do., patent,
'$nnh?!,fi?l' ,ttV5ratile brands. i.8.j.i 7.2.1
'tr,S !' 2SiS and Lan'y patent, Sil.8.in7.2.lj
Efft ii' ulr Kradea-Wlnter, clear. S.Sod
mkiii. '"'Sht. l3.MIlj.asj 'do., patent.
tS1MiSX0UiJl wa ln """ upply and firm
t?iSv V,e quo,e at s.S00 per bbl.. aa
u-. "
PROVISIONS
(IBmi Iba per d02., J2 MB2.T.1: dark. S2.23SJ
2.73; small and .No. 2, Jlsn.23.
FRESH FRUITS
Choice BtocU aold falrlv and alues gener
Pjly ruled ateadv, aa followa Apples, per.
uu.. juiiiiiimii luncy. i,'.'..u.i..,ii no, fall
S2..10HI.S.1, lla dn n. S2.SOfI.'l.2.i: lllaek TttlB
tr.-K"-!--3.!. Orlmea- flolden. I2.s6aa! areenln
i.iv. ;wo
a.t: Mnnln.
otner arietl
mnerlfll. 1'JSl.l n...un,ln,.nnn
820.1: Hen Oavla. ?1.7.1fi2.riO:
ei. u,uU3(S.iiu: Ko. z, Jl.a.1l.ro;
bulk, uer 100 ih.. riOc.RSI.no:
Of Great Importance
All people rely upon tho ad
vice of ti pood doctor nnd a Rood
lawyer. We offer the advices
of good Bankers on ill invest
ment subjects.
Our. monthly list of approved
investments will be furnished
on request.
Eowaad L Smith & Co
BANKERS
EBTIBLISIISD 1802
Utmhtrt Hew York and FAItadiltMa
Stock Exchantjii
Dtoin ins Ciikbinbt Bti., Pniutoi.
80 1'inb Stieet Kiit Tone
REPORT OF
Philadelphia Trust Gompany
At lhc Close of Business January 12, 1916,
RESOURCES
Cash on Hand and in Bank $1 1.304.505.8U
Loans upon Collateral 10,439,986.59
Investment Securities Owned . .' 8,5 78,2 1 8.99
Real Estate, Furniture and Fixtures 616,582.46
Net Accrued Interest and Other Items
Receivable 62,315.46
$31,001,609.30
LIABILITIES
Capital Stock $1,000,000.00
Surplus 4.000,000.00
Undivided Profits 835,496.63
Deposits 25,166,112.67
$31,001,609.30
Trust Funds $112,358,788.81
Corporate Trust 104,182,000.00
SIXTY-THIRD ANNUAL STATEMENT, JANUARY 1st, 1916
Interest 3.65 Per Annum
IWtlladelphla City Loan
New
Plttsbursh
iieKiicny
Alloehnm.
Hellevue. Pa..
lithlchem, pn, ....
Cheater City, Pa. ...
.-u,iun ,iiy, -a,
ASSETS
Par Valu
bu?& c fye iBl,wny ,"vt: :::::;::::: : !.fl:. !..8. 44 fa
lieiiy City, Pa., Hcliool ............ ...7.7. 7 8 & H'S
4' tc 4U'
,4'i
...4V4'
HarrlsburB City,' i'a.', ' Sciiool 7.7.7.'.' !!'. I ". !!!!!! ". 1:
J-ncltawanna County, I'a til:
iuwer uywnead, Pa ,,, iil
r.uzerne Count v. Pa '' " n:
.. "-1 .........,., .............. .1-
s
II
H
,4'fl
a
ii
l'
.4'H
:::!&:
iteauinfr uity. Pa.,
.mtrnntMH Dti,. n. r.i.
m?;:v;x"" ' ,H acno01 4w
Y?irk .9. pi Bciiooi .'...'.'.7.7.7.,.7.7.7.,.'.7.7.'.7.".7 '." ' t-Z
5'S
4M
11
6'8
4's
...4u;8
5'h
.....4'il
4'n
...4
W
Vice-President
John Story Jenki
John Story Jenlie
Lincoln Godfrey
Semuel Y. Heebner
Wllllem W. Frailer
Edward T. Stoteibury
Preeldent
Thomas S. Gate
Vice-President nnd Treasurer
Hk.iry G. Brenglo
Secretary
T. Ellwood Frame
DIRECTORS
William L. DuDoli, Chairman
Levi L. Rue Adolph G. Roiengarten
W. W. Atterbury Edward Roberta
Samuel M. Vauclaln Ledyard Heckicher
J. Tranhltn McFadden Ilenjamln Ruih
Thomai S. Gate Arthur H. Lea
LEGAL ADVERTISEMENTS
yin iffiTh.ii fciSif1 nfm' an1 "r":es of ,I,r,
kilni !1i55,"JLw',er. Demand naa fair. Pol.
kJlVb.ai.QHUWloJ.,i, Ity ef. In eels.
tI VSiA'J' "b,2182?0-: Western bfef.
!1 ifid.?. ".lA-t'S230-! city b(, knuckles
vinim ,'.'. Poke,d, Bn air-dried MiT-'Tc.:
MsWf h.j ,nuckl".n1 tender, smokei
t&Mah- hSm.ham,h 2Sf30; Dork, family.
SiKt-Jla.m. a- Pj. cured, loose. huoiSa.:
P)58ftedi,l0.oeVi4 do:. do'TnVoktd:
"to .brand "in ":'.'".. """H."... 9uu.
aDDles.
apples. Western, per bnx. JH.231r2.23i oraneea.
Morlda. per cratp. S1.73&;ii tanKerlnes, Flor
ida, per strap. WS3i Brapefrult. Florida, per
crate. 2.cMM.S0i lemons, per bor. lasi, pine
apples, per crate Porto ltlco. 2.50fi.l.23; Flor-ife.?-.-,-w,:
cranherrles. Cape Cod. per bbl..
wall; do.. Capo CoJ, rr crate. Ji".BOfol; do.,
?.".''"? ,,er urate. tt.S383.73i strawberries,
Florida, per at.. S3833c.
VEGETABLES
Demand as only moderate and thf market
showed little change. Quotations: Whltn pota
toes, per push. Jl.lOlil.M, white iwtatoes,
Jersey, per basket No. 1 Kose. uiiiTOo.: So. 1
other varieties, 0S70c. No. 2. 3lMV-ioc.: sweet
ppiaioos, jersey, per basnet No. 1. 408SOc.:
No, 2. j.lftSSc.; sweet potatoes, Vlmlnla. Der
fUi. accoini' n0M. UWaHSc.j tiellles ti
krsilS.f,"?,1"? to average. lpose."l2ai2c.
"W cured i5na cP brand ana average,
" curia 'liailS': breakfast bacon. West-
i lli.?X,8c-.: taV- Western, renned. In
llr. Seiti5' L?i do., do., tubs, lie,; do., pure
: til": ssfcEj; is ismti10'1 1:' "
m REFINED SUGARS
fu? nnnrJU,i??,flj;m and !ishe-. lth trade
!. lasa(nni,,t PrJ": I.'itra line granu.
-t; rSd.J2S,! ftS,J,rl1 granulated. 6.UO8I
4I5f 5 60? SJ??-.5Antic;L. confectioners- A.
gjvc., soft grades. 6e3.C3c.
DAIRY PRODUCTS
is ,lft? inere
ilk. n.
kale. Norfolk, ner bbl.. Irfif2d.v. : lrtiu-M i.-inr.
Ida. per basket, Jlwl.r.0: do.. North Caro
lina, per basket, I.V.ftil: do,, Texas, per
basket. b073c; beans, Florida, per basket.
Sl.SO&tl; peas, Florida, per basket, tt)M:
Peppers. Florida, per carrier, S2&2.S0; egg
plant. Florida, per cratn, !2 23ii2.7S; mush
looms, per 4-lu. basket, JlKt.NJ,
K5 'OTICi: IS IIK11KI1V GIVEN THAT
l' an application will be mails to the
Governor ot the Commonwealth of Pennsyl
vania on Saturday, .Innuary 20th, 1010, by
Wnlter I. .Miller, William Hamilton and
Mlltnn A. Kellr. under the act of Assembly
of the Commonwealth of Penrigylvanla, enti
tled "An act to provide for tho incorporation
and regulation of certain corporations." ap
proved April 20, N74, and the supplements
thereto, for the charter of an Intended cor
poration to bo callod WALTER P. MILLER
COMI'ANV, INC., the character and object
of which Is the manufacture of paper boxes
and other similar articles, and the sale
of such articles so manufactured by it, and
ror these purposes to hao and possess and
enjoy alt the rights, benefits and privileges
of iho said act of Assembly and Its supple
ments. JOHN G. JOHNSON,
Solicitor.
ANNUAL MEETINGS
PROVIDENT AGENTS CONVENE
ta-a.i -. auiricient rJeinana
soek vfi. ho. limited receipts of
" freJh'SS'.V' ,n lhe quotations:
sfSs78ee . ..,ao,4;Pacl"!d creamery, fancy
!vsunv& "tra- 3fc, xtra awn, diesicj
e3ac 8fSJ'".lin,y' 3Ic.: average ex-rfan,nh,ii,Js8fc;i2o-i
seconds, 24r27c:
R.'r"' brands of prints Jobbing at -tu
1lfliiiuSS.errll.aU WW fairly and
tiS neVrhi11. n:i. Quotations: til
ifsUrTjiS-.S'rhy extra. 37o. Der doi.! nearbv
S. riji. pio it?. ,i. J;iy H.C
ffeV,..W.
? tg.J". 9""! do., firs:
iiiSff?? td fdlrli an,l ..
per case: Western extra
uj., nrsts. iv.uu per
were Jobbing
rals a ahartst
'HSs7Vii',tYSJl"f,2S?- Following are the
&! Peci.... if-J"'1 oream, fancy, held.
ilttflsW. -niher: do., air to good.
gVliaie.: do,, part skims. 10S1BC.
UVP
POULTRY
W chrnre;wf " trading and no m
". bun,'n. Viieti. Offerings were
fsfi '..V1 niJl. Quotations: i?,wls. as
.;.. quailtv lfiu. . ..,!.
llty.
and
guineas,
President Asa S. Wine Opens Fifth
Annual Session
The fifth annual convention of the een
eral agents of the Provltlent Life awl
Trust Company opened today at the Ailel
jihla Hotel with an address by Asa S,
Wins', president of the company. Almost
200 agents wete In attendance, Including
40 general agents and about 12S special
agents, members of the J. Thomas Mooro
Club. Tha convention will last three days.
Other speakers today were L. A. Ellis,
of Kansas City; Warren M. Homer, of
Minneapolis; Jonathan K. Taj lor, of Hal
tlmore; Charles E. Stockder, of Hartford,
Conn.; Thomas It, Hill, of Omaha; State,
Senator William C. Sproul. of Chester;
William Q, Jthoads, manager policy loan
department: Steward V. Coflln, of AN
bany, N. Y.; Matthew Walker, superin
tendent Philadelphia agents, and Vernon
li. Sweet, of Boston, Tha presiding olll
cer of the convention is John Moyler, of
Klchmond, Va,
rUIILIO I.KDGKR COMPANY
NOTICE OF ANNUAL MKUTI.VO
llio Annual Meeting of the stockholders
nf this company will be held on Wednesday,
the tnenty-slxth day of January, 1016, at
two o'clock P. M., at the ottlce ot the com
pany, 000 Chestnut Street, Philadelphia.
Penna., for the purpose'ot electing a Board
of Directors and receiving and acting upon
the reports of the officers and for the trans
action of such other business as may prop
erly come before the meeting.
JOHN C. MARTIN.
Secretary.
January 12th. 1010.
THE REAL ESTATE TITLE
INSURANCE AND
TRUST CO.
523 CHESTNUT STREET
OF PHILADELPHIA
At the close of business January 12, 1916.
ANNUAL ELECTIONS
2-
5! tp3n "tS&l- "lS.i rooster?.'
1c.;lurKv. Hcv?5?- a50rdlng to qua!
'! liai'03'-' ducks, as to elxe
ssl'-AiS.1.-! . geese. ISalTo.! uln
w 8a(Hfo r; . -, nq over apiece, per
fiWaCc!- Jf ''" M lbs. apiece; Kir
! guKai' S lbiB I lb. apiece, per pair,
lirft1Sir Jr Mtr. 50c.i pigeons, old.
6&SE,Lrfo 0,"t. Per pair, l&SttOe.
yTrt&iirlk? nyrket ruled nrm 'with d.
', tockr n,0?6!? n offerings of de.
& fowuJ iluo,tallP?,'! Fresh-killed. dry.
t iWe..,Lt0 box. dry-picked, fancy.
fekv?jT0 do., welghlnsri lbs,, and oxtr
KLi &' ivin,n -Vt lbs. aot. 18c:
ISBia? J . "Bi.e.ee. lie: do., smaller
.. IbeTiTTi :" " lib s.. Ixy-plcked ran
BthSW Ly.r apiece. IsiiiT: smaller sIim
P. 'srser , -"' "ry-PlcKed. 14c.
SW f.-iL Ja?y broilers. 2ia2ul
J5iirfiis?iJf?" t4fc,. 22'
lnJrZ!-.ir yellow chickens, w
Chick-other
Western broil-
1 9. North
e in or
fcJlslkf-.l" bllr. 17eio,:.othe
athsr
boxes.
w.; ntHliHP.' lbs. and over. In
uu " ,fi..r"trn. welchlnz 2U3U lbs.
H lhs'ii,S:i.nerWejtern. weighing
T - (s, unisi iHin. 1 s 1 T 1 j.
zSHk.!' sj.2: s do.; do.; ga
good tZ .!:". 't"" loncy, noe.i
' do J? choice. S36e5c.i do., fair.
culls and
T- . IMV. - -"" tb..
fld71SS?V.fan.l!3'. n18o., do., do.,
sfT t 'j3? '." bk. A ?.HNt
63Kt
German Gold Reserve Growing
BERLIN, Jan. 19, The weekly state
ment ot the Imperial Bank of Germany
shows the following changes;
Gold reserve, 2,30.200,000 marks, Increased
2.490,000 marks; commercial paper and
treasury bills. 5,360,000,000 marks decreased
23,000,000 marks; circulation and banking
notes. 6,340,000,000 marks, decreased 232..
000,000 marks; private deposits, l,S3t,000,000
marks, decreased 15,000,000 marks.
Gold reserve covering circulation and
banking notes Increased from 37 per cent,
to 33.4 per cent. Payments in cash on the
third war loan reached 11,731.700,000 marks.
or 96.5 per cent, of the total subscription.
Money borrowed on collateral by loan
banks decreased 107,600,000 marks to 577,-
,M mares.
Wire Companies Call in Salesmen
PITTSBURGH. Jan. 19. The bin manu
facturers of wire products In this dis
trict are not soliciting orders, hayjne
called all their salesmen in several weeks
ago. The plants have orders on their
books that will Keep tnera wonting to
capacity until July 1, and It ls likely that
nrices will soon be advanced. Sales of
email lots of ferro-mansantse were made
at flOO, Beaooara. shuuuu ma uuuuus)
contract price remains J125, seaboard.
Reserve Bank Governors Meet
WASHINGTON, Jan. 19. Governors of
the 18 Federal Reserve banks today gath
ered here for a conference, at which, pro
posed amendment to th banking lwg.
t,v nr cvnertoH la cams before Coogresa
at the present session, were discussed.
m,. n-nt.im of imDrovlng the check clear
ing; system was also beigra the, governors,
rilANKUN NATIONAL HANK
Broad and Chestnut Streeta,
Philadelphia, January 17, 1010.
At the ANNUAL ELECTION, held on the
11th Instant, the following stockholders were
elected Directors of this Hank to serve for
the ensuing sear, vis.;
BamuelT. Uodlne Percy C. Madeira
Thomas DeWitt Cuyler Hills Pusey I'assmore
Ceorga II- Frailer Morris L. Clothier
Edward B. Smith a 8. V. Packard
Henry Tatnali Charlton Yarnall
J. Hutherford McAllister W. W. Atterbury
Frederick L. Dally Gdgar C. Falton
Hlllngham B- Morris Edward F. Beale
J. Andrews Ilarrlo, Jr. Daniel B. Wents
John Hampton Barnes Arthur W. Bewail
At a meeting of the Directors., held this
day, Mr. J. It. McALLISTEK was unanim
ously re-elected President, and Messrs. J. A,
HAK1US. Jr.. and B. P. PASSMOUK. Vice
Presidents.
E. P, PAS3MORE, Cashier.
ELECTION NOTICES
SOUTinVAltK NATIONAL HANK.
Phlladelnhla. Januarv lTth. 191H.
At the Annual Election, held on the 11th
Inst., the following stockholders were elected
Uireciors mr mn ejwuing ye;
Edwin A. Merrick Mi
Ferdinand v. Honnarron
Inhn n. llarner
William A, Hamilton
William It. llortr
William W, Foulkrod. Jr.
'sar
orris Itosenbaum
Samuel a. Dannon
Oeorge Y, Bchoch
Qeorge Anderson
Bamuel Hamilton
Harry Oreen
Josenh C Trainer
At the meeting of the Directors held this
day. JOHN B. HARPER was appointed
Chairman of the Board and the following
officers were elected:
President, WILLIAM W. FOULKROD. Jr.
Vice Pres.. FERDINAND V. BONNAFFON
Vice President. SAMUEL 8. DARMON
Solicitor. WILLIAM U. FURST
Notary, WALTER R. IIUMMELL
Tne louowini
Cashle
.. .-.-. . . ,U.,A
lyUl.Tf II I KTETIIkT.I 1 M
Cashier.
RESOURCES
Cash on Hand and in Banks ,
Call Loans with Collateral
Time Loans with Collateral ,
Loans with Mortgages as Collateral. . ,
Investment Securities Owned
Real Estate, Furniture and Fixtures. . ,
Miscellaneous Assets '
.$1,053,556.65
. 2,238,896.70
21,789.87
. 101,346.14
. 2,889,186.22
. 448,047.75
. 220,672.04
LIABILITIES
Capital -..,..
Surplus and Undivided Profits....
Deposits
Miscellaneous Liabilities
$6,973,495.37
$1,000,000.00
1,686,512.89
4,280,313.28
6,669.20
$6,973,495.37
Trust Funds kept separate and apart
from Assets of Company $14,213,069.15
EMIL ROSENBERGER DANIEL HOUSEMAN
President. Treasurer.
At ant c r (v. M t
Haltlmoro City, Md '.'..', ','.'.'.',. .'.'.''''"'.'."'.""
Iltlffalo City. n t. ...;...........
Cleveland City. Ohio ..'.!. ""'
uelnware City, Del '
(inlveston City, Texan '...'.'.'II'.!;"-
Newcastio county. Dei ;::;.":
Halt Lake C ly, Utah . . !
wnmington city, Dei: ................ ...'.'::::.':::
A iibama Great Southern Ry. Co. Ext. 1st. Mortgage'.'.!'.
Allegheny Vulley Ry. Co. General Mortgage ......"....
'vtMn,,nI,?pte,:? &T?aHtaoFcV-8h.ort r-lno lKt Mortgage
iiiiMnJ.lc Co?"kkinl.llRCo: Equipment Trust
Hnltlmore & Ohio H. n Co. Kaulnment Trust
itHffim,orii-afcoh.10 'V U-..90' '"t., Lake Krle & W. Va. System) Va
IHKiS' JloSno?ier &. rittsiflrgh Ily. Co. Equipment Trust. ..G'b
.u.i,u oc nuuuiwcBiuni i. ji. let .uortRage .....irfi
Cntawlspa R. K. Co. 1st Mortgage .........?... ,4'e
( j-ntral Paoirtc Ry. Co. lnt Refunding Mortgnge V
Clieiiapcake & Ohio Ry. Co, B's, and Equipment Trust. ...fB & iWa
Lhlcago, IntllunapollB & Louisville Ry. Co. 4'g, and Equip H's
Ch cago, Milwaukee ft St. Paul ny. Co. General Mortgage Wa
Chicago & Western Indiana It. R. Co. Consolidated Mortgage li'a
cago. It. I. & Pnclfla lly. Co. Choctaw Collateral Vs
( hlcngo a North Western Ry. Co. B'b, nnd Equipment Trust... 4H'
Chicago, St. Louis & New OrleanM n. R. ConRolldatcd Mortgage.. 5'a
Choctaw, Oklahoma & Oulf R. R. Co. General Mortgage .......fi'n
Choctaw & Memphis R. It. Co. 1st Mortgage B's
C earfleld & Jefferson Ry. Co. 1st Mortgage 6's
Cleveland, Columbus, Cincinnati ft Indianapolis Ry. Co. 1st Mort..6'a
Cleveland, Lorain & Wheeling Ry. Co. 1st Mortgago Consolidated.. B'a
Clevelnnd ft Pittsburgh Rd. Co. Genoral Morfgage 4's
Cleveland & Marietta Ry. 1st Mortgage 4'
Cloveland, Akron ft Columbus Ry. General Mortgage R's
Canada Southern Ry. Co. Consolidated Mortgage S's
uanauian iNortncrn lty. equipment Trust S's
Canadian Pacific Ry. Equipment Trust 44's
Central Railroad of Now Jersey General Mortgage 5'a
Delaware R. R. Co. General Mortgage ... 4'4'a
Delawnre & Hudson Co. Equipment Trust 4w's
Delaware River R. R. & Hrldgo Co. 1st Mortgage 4's
Easton & Amboy R. R. Co. 1st Mortgage 5's
East Tennessee, Virginia ft Georgia R. R. 1st Consolidated MorL.B'n
Galveston, Hnrrlsburg & San Antonio Ry. Co. 1st Mortgage B's
Georgia Pacific Ry. Co. 1st Mortgage ,6's
Jnmestown, IJVnnklln & Clearfield R. R. Co. 1st Mortgage 4's
Jefferson R. R. Co. 1st Mortgage ,., B's
Illinois Centrnl Equipment Trust i'a & B's
Kansas City Terminal Ry. Co. 1st Mortgage 4's
Lnke Shore ft Michigan Southern Ry. Co 4'h
Lehigh Coal ft Navigation Co 4's ft 4t's
Lehigh Valley IV. R. Co. 4'y 4H's, G's. and Equipment Trust.... 4'4'b
Lehigh Valley Coal Co. 1st Mortgage ft's
Lehigh Volley Terminal Rv. Co. 1st Mortgage ..B's
Lehigh Valley Rv. Co. of New York 1st Mortgage iWa
Lehigh & New York R. It. Co. 1st Mortgage 4's
Lehigh & Wllkes-Harro Coal Co. Consolidated Mortgage 4's
Long Island R. It. Co 4's ft B's
Louisville ft Nashville R. R. Co. B's, and Equipment Trust B's
Louisville ft Nashville R. R. Co. (PaducaH ft Memphis Division).. 4's
Ixmlsvllln ft Nnshvllle R R. Co. (Now Orleans ft Mobile Division). 6"b
Mutual Terminal Co. of Buffalo 1st Mortgage 4's
New York Central Lines Equipment Trust 4Vj's ft B's
New York, Lackawanna ft Western Ry. Co, 1st Mortgage., S's
New York, Ontario ft Western R. R. Co. Equipment Trust 4U's
New York ft Erie Railroad Co. Extended , 4H's ft B's
Norfolk ft Western R. R. Co. 6's, nnd Equipment Trust. ...4's & 4W's
North Pennsylvania R, R, Co. 1st Mortgage 4's
Now Orleans ft Northeastern R. R. Co. B's
Oregon Short Linn Ry. Co 5's & It's
Pennsylvania & New York Canal ft It. R. Co tH' ft B's
Pennsylvania R. R 4V4's ft B's
Pennsylvania R. R. General Freight 's ft 44's
Pennsylvania Company , , 314's, 'a ft iwa
Philadelphia ft Erie R, R. Co. General Mortgnge B's ft 6'a
Philadelphia ft Reading R. R. Co. Delaware River Term. Exten..,B'n
Philadelphia ft Reading R. R. Co. Terminal , B's
Pittsburgh, Cleveland ft Toledo R. R. Co. 1st Mortgage 6's
Pittsburgh, Hcssemer ft Lake Erie R. R. Co. Consolidated Mort..5's
Pittsburgh, CIncin., Chic, ft St. Louis Rv. Co. Consol. Mort.l's ft 4H'b
IMtrtiritiri'h. Hlipn.-inro X.- Iilip Erie It. R. Co. 1st MortRase B's
Pittsburgh, Youngstown ft Ashtabula Ry. Co. 1st Consol. Mort..B'H
Philadelphia, Baltimore ft Washington R. R. Co 4's
Philadelphia, Wilmington ft Baltimore R. R. Co 4's
Reading Company, General Mortgage 4 s
Reading Belt. R. R. Co. 1st Mortgage 4's
Rochester ft Pittsburgh R. R. Co. 1st Mortgage 6's
Renssflaer ft Saratoga Ry. Co. Mortgage 7's
Schuylkill River East Side R. It. Co. 1st Mortgage 4's
Shamokin. Sunuury ft Lewlsburg R. R. Co. Snd ortgage 's
South & North Alabama R. It. Co. Consolidated Mortgage B's
.St. Louis, I'eorla ft Northwesterti Rv. Co. 1st Mortgage 5's
Southern Pacific It. R. Co. 4'b and Equipment Trust 4V4's
Southwest Pennsylvania Ry. Co. 1st Mortgage i s
St. Louis Merchants Bridge Terminal Ry. Co. 1st Mortgage B's
St. Paul, Minneapolis ft Manitoba Rv. Consolidated Mort..4 s ft 4'a'h
St. Paul ft Duluth R. R. Co. Ind Mortgage............... B's
Terminal It. It. Association of St. Louis Consolidated Mortgage., 5's
Virginia Midland ny. Co. Mortgage &
Washington Terminal Co. 1st Mortgage . . ,
Western New York ft Pennsylvania R. R.
Altoona ft Logan vnney Kiectnc uy. uo
Bloomtleld Street Ry. Co. (Pittsburgh! 1st Mortgage
Brownsville Ave. Street Ry. Co. (Pittsburgh) 1st Mortgage
Electric ft Peoples Traction Co
Empire Passenger Ry, Co. 1st, Mortgage ii'".v
Federal St ft Pleasant Valley (Pittsburgh) Passenger Ry. Co,
Fort Pitt Traotlon Co. (Pittsburgh)
Ilestonvllle, Mantua ft Kalrmount Passenger R. R. Co
Ijincaster Trnctlon Co. 1st Mortgage
Lancaster City St. Ry. Co. 1st Mortgage..,,.....
Market St. Elevated Passenger Ry. Co. 1st Mortgage
Philadelphia Rapid Transit Co. Equipment Trust
Philadelphia ft West Chester Traction Co. 1st Mortgage
PMIn.l.lnliln X- Wlllmv Grove St. Rv. Co
Pittsburgh. Allegheny ft Manchester Traction Co.
.B's
Co, 1st Mortgage
y. iiAuinin . iiuuuei.1,
ollowlne sppointmsnts ,wre madsi
srt WALTER J. BTEIriilAN
ant Cashier, JOHN W. COLEMAN
ff35 NOHTHM KSTKHN NATIONAL HANK
W Philadelphia, Pa., January IStb. 1016.
At a meeting of the Directors held this
day the following qfHcersj were unanimously
re-elected:
EDW. A. SCHMIDT. President
OTTO C. WOLF, vce President
LINKOHD C. NICE, fia.hir,
JAJJE3 MOORE, Assistant Cashier
RUBY R. VALE. Solicitor """
FRANK 11. MAKSHO Notary
LINFORD C, NICE, Cssbler.
WMTytlffflfebs
jME&liiilin
Central Location
The location of this Company's office,
opposite the Broad Street Station, makes
it a most convenient place to keep a deposit
account or a safe deposit box, especially
for residents of the suburban district,
Correspondence or a personal
interview cordially invited.
Commercial Trust Company
Commercial Trust Building
City Hall Square
Pittsburgh ft Birmingham Traction Co. 1st Mortgage.
West End St. Rv. Co. (Lancaster) 1st Mortgage
Wllklnsbttrg ft East Pittsburgh St. Ry. Co. 1st Mortgage
TIoiiUh ft Mortgages (lot Llsns on City Property)
Call Loans on Collateral Security
Real Estate
Cash
ft 6's
...4's
...B's
.4U's
...B's
...B's
...4's
.3U's
...S's
...S's
.3's
...B's
...B's
...4's
...5's
, ..S'S
.4U'b
1st Mortgage.. B's
B'i
B's
S's
S7BO.00O 00
200,000,00
60,000.00
213,000.00
60,000.00
53,000.00
64,000.00
46,000.00
30,000.00
17,000.00
60,000.00
25,000.00
6,000.00
12,000.00
60,000.00
40,000.00
44,000.00
35,000.00
43,000.00
25,000.00
60,000.00
25,000.00
25,000.00
22.000.00
25,000.00
16,000.00
60,000.00
25,000.00
33,000.00
50,000.00
50,000.00
50,000.00
150,000.00
60,000.00
75,000.00
21,000.00
65,000.00
60,000.00
1.10.000.00
100,000.00
100,000.00
25,000.00
100,000.00
45,000.00
50,000,00
110,000.00
100,000.00
74,000.00
81,000.00
90.ooo.no
10,000.00
97,000.00
43,000.00
30,000.00
50,000.00
7G.000.00
10,000.00
60.000.00
60,000.00
25,000.00
77.000.00
55,000.00
100,000.00
80,000.00
60,000.00
100,000.00
60.000.00
25,000.00
25,000.00
270,000.00
575,000.00
160,000.00
50.000.00
65,000.00
60,000.00
75,000.00
200,000.00
75.000,00
50,000.00
24,000.00
100,000.00
211,000.00
ao.oooroo
45,000.00
113.000.00
168.000.00
E0.000.00
25,000.00
S8.000.00
6R.ooo.on
287,000.00
180,000.00
260,000.00
3.12.000.0(1
' 50,000.00
80,000.00
61,000.00
85,000.00
300,000.00
91,000.00
12,000.00
80,000.00
240,000.00
255,000.00
65,000.00
31,000.00
3,000.00
200.000.ftl
-B.OOO.Ofr'
82,000.00
73,000.00
145,000.00
22,000.00
30,000.00
S0.000.00.
60.000,00
60,000.00
1(8,000.00
25,000,00
100,000.00
50,000.00
25,000.00
50,000.00
200,000.00
150,000.00
50,000.00
100,000.00
124.500.00
15,000.00
10,000.00
25,000.00
2f,000.0n
B0,0fl0,00
10.000.00
50,000.00
150,000.00
30,000.00
60,000.00
3,603.200.00
723,210.00
300,000.00
1.352.915.36
"Total Assets at Par I $17.772.825.35
Assets at Market Value 17.938.283.ei
, I 317.722.823.3I
,. I 15.965.630.33
Surplus as per Ledger I 31.757.195.03
Assets aa charged, as per Ledger
Liabilities (due depositors) ,
Number of Depositors December 31, 1915 .... 15,878
BIllECTOKY Ofr ACCOONTAMTa
prtlfled Public AtcomUnts
LAWRENCE B. BROWN & CO.
ISIB HEAL ESTATE T11UBT BUILDING).
UVliNB SPEAK1IAN
Tb Itaunt
PKoioaAia
OK Oil ABOUT iUKh 1, 1918, w m
M two-story dwellings on tne north iSd
ot 5tU. EatimaUs will be taken al ijillj
d. 4iU at. A,UOT2i. aTstU-,tf!k,BSS'
Brown Brothers & Co.
Fourth ajud Chestnut Streets
piiiladelpiiia
Commercial Letters of Credit
Because of the convenience and the protection afforded to
importers are the best medium for fiRRcig imprtatioL
Philadelphia, Morris Building,
January 11th, 1916
We hereby certify that in the course of onr eleventh annual audit of the
accounts of The Beneficial Saving Fund Society of Philadelphia, we have
examined and verified all the assets of the Society and that they are correctly
set forth in the above statement.
LYBRAND, ROSS BROS. & MONTGOMERY,
Certified Public Accountants.
IGNATIUS J, DOHAN, President.
ANDREW J, KEEGAN, Vice President.
ALFRED J. MURPHY, Secretary and Treasurer.
ANTHONY A. HIRST, Esq., Solicitor.
BOARD OP MANAGERS
1
Alfred J. Murphy
Jeremiah J. Sullivan
Ignatius J. Dohan
Anthony A, Hirst Edward J. Dooner
Ignatius J. Horstroana Joseph C, Trainer
George W, Norria Hon. Joseph P. Lamortli.
Charles A. McManus non.u, werjster uougncrty Jotw K. Lonergan
John T. Dohan John J. MacDonald Thomaa Devlin
John A. Leslie Andrew J, Keejan Hagtt McCalTrey
John A. Dougherty WiUlam P. Sfamett William V, McGrath, Jr.
Walta? Gewge Smltk J J KUy Wklwwl F. Hno
i 44V4.0Vi.
1 'l . LLimmmm-