'y'.tJl'iiilllWIIiWPIipipiw.'J1 1 liU'imHWI ft I III I r i i H fc K f 12' EVENING LEDGER-PHILADELPHIA; TUESDAY, JANUARY 2, 1017 January Bond List This list includes bonds legal for Savings Banks, bonds ex empt from State Taxes and bonds eligible as security for Postal Savings Deposits. Iiiuei Ra.ng:ofyie!J U. S. Government . 2.00 to 2.93 Municipal . 3.70 to 4.23 Railroad . . 3.80 to 6.03 Public Utility 3.62 to 6.00 Foreign Gorcrnmcnt 5.12 to 7.00 Send for Janunry Circular I E -85 The National City Company 1421 Chestnut St., Philadelphia Kw York Chlcico Tin Francisco Boston ntlsbutfh Producing & Refining Co. on of tit lirjMt tadprt(lnt nil rompnnlpi urpritt-ng in tti tnM-pfintlnrnt no id hsu Jut tided to ir pnxlitrtn; ftrrnto sj tbe pnn hnsa of half In trfMt In 4. TOO tri-M of oil 'ami In the Outjte region of Okla homa Send for d'tallid nm lftltal rcrort vn fu'ur p -.!-bllltlM of the Oklahoma I'm during A Ileflnlnff f'o. MU for 138-T.r. JONES & 8AKES3 STOCK HltOKnttS Widcncr BIdg., Philadelphia Hell, w nimit lunn i. Itf-iston-, ltice 2.130. iYrrr York lloftfnn Cli I en bo 1 l I ( U u r ft, Ii ntreet Private Mires t annua r mi:i:ti.n(.s K. NOUTinVKtTEi:N NATXCINAf. HANK. UCfc PlilladGlphlii, Vn . December nuth, 1 0 1 U. Tho Annual Hli-ctlon for Dlrvctors will l' hMcl t th hanklntf house on Tue-Mljy. hmuury Oth. 3017. between 11 a m and 1 p. m MNKUUD C. Niri:. CuHhlT IjC"1 COUN ILXClIANUi: NATIONAL llAMi, W rhiimluiphla, Dect)mbtr V. Mill, Tho Annual Myelin for tho election of Direct or for the coming ear. and to trannact aucn other business ns may ltKallv torn? IWura th tneetlnc will bo lie.d at tlir banking houae, He con d nnd Chratnut at . on Tuetilny, Jamturv I) t!i. 1017. Tolls will bo nteii from 11 to 1J O'clock. N. V. COrtKON. Caalilor. LEGAL ADVr.KTISFAIKNT.S pAnTNnnsinp NOTirn notice is m:ui:itv hives tiit Churl XV, Vmn: retired from th- firm of Cluii V. oiinc &. Cumimny on December JWth, lin. and that tho remnlnlnc p.ir triors. AUllfam II. laiinc, Denird M'-oii It. iimitr, CIrorpo V. Yonnu ami 1-l.t C. Ymin? Crumble, will conMnVf th Luslnpoi tho F,imm km lif-ratu for under tho firm narao of Hum. W. otuis JL, t'oiiumny. All dhts duo th said firm art nayabln tn Chits. XV. Yitunij tfc Com p j n v, nnd all blllt owtntr by Raid II rm wilt bu puld by Chai. V, Tounff & Company. Main Office 1217 North Gth at. Phlladflphlu. January lat. 1017. ANNl'AI. IXl.CTIO.NS Ajp I'ltANKLIN NATIONAL DANK. wS lSroud and Lhr-ttnut Streets. Phlladulphli. DiCL-mlHT L'H. 1910. The Annual Election for Direct or 4 will bf held t tn banltlni: Imuso on Tiifsd-iy, J.inunrv !i. 1017. between tho hours of I'J noon and 1 o'clock V. m. J. WM. HAIIDT. Cashier. ITS?? CKNTKAL TItl'ST AND lS SAVIM'.S COMPANY. Thn Annual Mentlns of titocKhoIUerfi f thli Companv will ho held nt tlm Company offlcr. -idl Alarket st . on Tlinrsdiij. .Iam:ar 11 1D17, nt - o'clock p in . at which tlmu on lection will be held for Direct orn to sorvo durlns the ensuing car i'. a. ucLMnoi.D. irretary. DIRECTOIIY OF ACCOUNTANTS f.f.fJ!?.. V."nllc AceountantM WILLIAM V.. MONTHLIUH 021) CHK.STNUT ST. UURNH & KPKAKMAN Tim Doun.st: COTTON ADVANCES ON STRONG CABLES Business Is Limited, With Traders Inclined to Wait. Peace Talk Absent SEW YORK. Jan. 2. Firmness was displayed at tha openlnic of the cotton mar ket today nnd price mltanco rnnKinsa from 5 to 25 points wore rvconlcil tin tho call. Business, liouever. continued limited and there seemed to be u waiting tendency, although pence t.'illc. ulilcli hail been the principal topic for weeks, seemed to have disappeared for tho tlmo being. Some commission houses were buyers, while others supplied tho list. The demand generally oamo from southern Interests, room traders and spot houses, with Liver pool a moderate buyer Xew Orleans and one or two larKo operators fold. After the call business went Into a rut, with only a few transaction!! by the end of the first ten minutes nnd no change in prices. Advances of 20 points In Liverpool, as aeatnst B';i to 8ipJ points expected, had much to do with tho early gains hero. Karly Irregularity was followed by a very steady market during the middle of the morning. Liverpool was a prominent buycV here, particularly of October, while offerings were light after tho scattering liquidation had been absorbed on the early fetback. March contracts sold up to 17.00c after It o'clock, or about 32 points net higher, while October advanced to 16.G0c. or fi points above Saturday's closing figures Fluctuations were rather irregular late In the morning. The advance of 31 to -13 points from Saturday's close seemed to uttract scattered realizing, while demand tapered after the close of Liverpool. Jte. actions of 8 or 9 points followed, but the market was quiet and steady early In the noon hour. Clo Friday. Opn. JIIh. Jaw. cIom. JusiuriT 18.09 1T.15 17.3S IT 00 17 011 JUrcft 17.2T 17.-13 J7.U- 17 VIT 17..1U Miy lT.Ba 17.o 17.HS 17112 IT.hS! July ..... 17.&S 17.US 17 93 17 113 17 M feStbS.;:::::.?.S8 n. 1003 Itf:? ,0?? Liverpool Cotton LIVERPOOL. Jan. 2. Spot cotton today was quiet and 14 points higher, on a basis of 10.77d for mid-upland. The sales aggre gated 6000 bale. Including 4000 bales American. The market for futures closed firm, at a net advance of 3I35 points. NEW YORK COFFEE MARKET JJBW YORK. Jan. 2. There was a mod erately active opening in the market for coffee futures today, with first prices 3 points higher to a decline of 3 points. Sales on the call were estimated at about 10,000 bags. TeLiy's owning January . February Marco sV&":- m v.v. ABut . $4tAabw 8.1C08.89 rrla'a 8 8108.83 I 701 IS 71 1.78 iN.TO t Kill id RT .. .. 8.S8. 8 Uli K2 8 B7I '8.88 oSi o.ie 8 11.13 B.Hl 18 U Mt 18l 18 18 8 Ml 8.4 S88S nratwr . BW. Ysriw ssd Cloth Klrw ia Manchester MASt-HaSTKB, MJ)nil. Jan. 3. Xsj'm ttoa Uotto an ojww. nuil fuss. FINANCIAL NEWS STOCKS MOVE UP IN WALL STREET; SPECIALTIES GAIN 5 TO 10 POINTS Excessive Short Interest Takes Place of Extended Long Lines Peace Outlook Dwindles Berlin Exchange Sells Lower NIJW Ynlttf. .fnn. 2. Wall strei'l came ilnwn today Willi Itq hull Imols on nftpr I he triple holi day ntnl from tho beginning of tmsliifMi nroup nrtcr Rroui) of Icodlnq smelts wiih ImiiRlit with n Root! Oenl uf vlRor nnd nenrl gvpryttiliiff trrnlnl In was i-stab-lishcil nt nialurlnlly Iilfilir-r prlros. Xnturully, tJnltPil Blntcs Slcel common, wlitt'h rciullioil IIr pwen ns itmrltPt Icailor, wus rcgnnloil Willi most attention. That Blotlt tnniln n Rnin of mnro tlinti l pointH, cru.isliiR no, ntnl wna follmvcd nt Hip upturn h nearly nil vim minor Nted InilustrlnlA. Kpci'luttlen tnailo iitlinnce rnnglng from 0 to 10 polnls, wllh (liilf Slntos 8tcol luiMiin tlin wldoxl movement, nitvmirlnR from 125 to 13R. The railrnail stuclti wero fnvareil Willi n nlinrt-llvcit bullish ileinaliatrntliin, when t'nlon Pacific moveil tip to nlmvc 149, lint It wns nnt lonu tiefnii hip rnll way stocka wero noalccteil unit 'Rpeciilathr interest mid li:iiil(ln nrcnmiilnllon co neon trilled wholly In the Ihttnatrinl which hail been In favor slnre the be. BlnniiiK of the war. from tlio slcel stock interest wiin illverleil lo the mip,nr Biaup, with Cuba t'niip BiiGur bought by intcrculn connocteil with the (lunrntity Trust Com tinny inn other financial lnstiluflonn, nnit mlvnncttiR more thnn C points, the buyliiK iiolng nrcompntilcd by usscrtlons tfirtt n tlbeml dividend pigment on the stock is close nt hand. nccesslona occurred nt Inlervnls diirlnp; the day. rellectliiK the ilcslio tit some friuhlcncd holdern to tulto ndvmittiuo of tlie best mnrltot they had found in the last four wcolss, but It did not tnltu lonir fur the concentralfd lmyiiif, lo itlxnili thh supiily. After this uhsorptlon was complcleil the market Cevalpocd Incrcnncd ntreiiBth. Tlio inconUvc) for the Increnyed demand wore found In the development in connection with llio pence proiosltloiiN which Imvu eiiqnged the nttention of belligerent nnd netilini flovcrnments since the bctiliinlnu; of Uo.'cmbcr, which have no lost nil their Influence ns diiliirbluc; fticturs, tuul t'.to innrhcl It now legnVded us immune to either pence propnsltloni or dipluinntlo nolen. Liquidation hns cleaned out nil wenlt nccoiilitM nml in ilaco of overextended lonjr lines l hero has been created nil etcesshc short inleicst. Tho iIukicp lo which the peace outlook tins dwindled nwuy limy bo tnetutiired by tho fact Ihut lolclismaiks checks on Ilerlln. under wnnll ofTurinsrs, thli mornliiK declined from 7n to 72. , Tho fenluro of llio bond market wns heavy trndlnp; In AnBlo-rrenrli fis, which ranccd from 02?i to 83'i. Tliere wero heavy transactions nl.o in t'nllcd KliiRtlom notes, with the live-year notes ehnntriiiR linlidn nt 8S, Ot :iS. Price movements in railway Issues weie narrow, luterunllniinl Meirnnltle Jlnrlue Cs moved up i to :. CURB RECOVERS FROM BEARISH INFLUENCE AND STOCKS ADVANCE NI2W YOP.K, .Ian. 2. Tho Cuib market hail lciovercd fiom the bearish Influence with l he be ginning of business this moiniiiR und instead of Hlocha being pressed for wile there was an urnent demand nnd ehniiRos lu nearly all llio Importnnt Issues were to IilRlier lluiires. Jlost interest was naturally ntlorhed to the demand for Midvalo kteel, which rose to C23i on tho positive statements that tho stock will be put on a 12 per eont dividend basin Thursd.iv. There was persistent accumulation of Mma Locomotive, which was boiiRht on n lnrRu scale from -17, to -I S ,t . Zinc I'ono-ntratliiR relleeted necuniuliitlon by stroiiR tources mid sold nt I to . with tho buying partly lmed on kiiowl edge in resurd to tho strength or the company's patent position. Tho infringe ments of Iheno patents will be taken up In litigation already nrranfied. Home of tho motor stocks were ulso in urgent demand, wllh Chevrolet miiUlng n gain of more than 10 points and sellin g above 131. while mited. Motor was actively traded In at 40 to 48. Hallway stocks wero neglceled. Wabash Hithburgh soiling nt 20U lo 20, the new P.ock lut-md common at 42, the 7 per cent preferred nt SO nnd tho fi per cent prefeued nt 7S. Sinudard Oil Issues ewre strong, with Standard Oil ot New .lorsey advancing to 705 Independent oil Blocks showed strength in the ilrst hour, but later re acted. Sinclair moved up from 01 to G!!i. from which It declined to r.l. Mining stocks were Irregular, Magma advancing from 40 to 42',-i and Lulled Vcnio fiom 2SU to 39'.!,. while IJutto Copper and '.Inc sold down fiom Ills to 11. OTJIIill OIL STOCKS INIIfSTKIAI.S nid. aku. Krl. rlo, (rulo) Aetna Kxploslves American llrlrhdi Mfff-- Ameileaii Marconi 3 American Writ Pap ... Vi Canadian t'.ir & Krty ' rait Car A Kdy pref .... fij I'haicoal Iron W Chevrolet Motors 13" Cramp Shipbuilding .. '" Curtlss Aeroplane --1 KinciKOM Phonograph .. ii Haskell rod Darker Car. 10 llciidee Manufacturing . . 23 Knthodlnn Itronze pref . . I Laurl Oil nnd Gas .... .' Maxim Munitions 'U Midvalo Steel lni N'w Vork Shlpbuililltig. . 4 Hi North American Paper. . Otis Clovotor ' Peerless Motors " l'oolo ling "" S S Krcfgo w 1 "ill Stand Motors Steel Alloys i submarlno ' Transue Williams 4 Trlanglo Kill" SHs Todd Sliipyards r. fnlted Alloy Steel 4H 1 " S Stunnshlii ' Cnlteel Motors 47 I' s L & 11 com '9i I' S I. & U pref 3 World Kllm V" Wright -Martin Aircraft, is it.ur.Ko.wis rtock Island com 1 1 Rock Island (A) picf . . . 81) Hock Island (U) pref .. 73 Western Pacific w 1.... 'i western Pacific uref ... 4il Wabash Pittsburgh 3 "t Wabash Pittsburgh pref 8o SJ STA.MMIfll Oil. TO(,'lLS IlllnoU - "3' Ohio 3!" 40" Prairie Pipe SS 3S3 Siand Oil of California. .33 3H3 Stand OH of New Jersey. COS 73 Stand Oil of New York. .S0J 37'i 1U IS 3lt r ir, T."V h I4H "i H4 ! "0 4Vi a 4 4S 11' 11.-. SO I III) Vi It 58 i:t :t HS ."II "Hi 4714 A 1 1314 4' VI 73 3't IS l',4 liH',4 !4 014 jo 'in SI IH!C 4314 1 13 !(. 31 38H 5s i-Io.p. 111.1 Aakul. (Sall Harnett Oil and Gas .. 'J5. SHi SV4 Cosden I4's 13 '4!i Kederal Oil flU n Inter Petrol IW!. l Houston Oil Sl4 S'.4 S'li Merrltt Oil 1 '-!'J '- Midwest tlcflnliig '! 8 Itoyal Dutch '.'. 7 " Scriuoyah ! 3 1 " Sapulpa Itellnlng I Hli ' Sinclair m i'li '" .MINIMS STOCKS Alaska Standard 33 2ff 33 Atlanta f ' "' Big Ledge 1 34 Ilisbce Copper (n protp.)lt-10 13-16 13-16 tlutto Copper nnd Zinc. II Hli lo'i Uutte New Vork I 'A Cerro da Pat-cc 33 31 W Coiisollduled Arlzotia . . . li 11 Cmma Consol 115.10 First National 354 I Florence (lulrtflflil 3D 33 (iolilflcld Merger n s llecla Mining s4 h Howe Sound 7'!i 8 Independence Lend .... in IU',4 Jim Butler hii s; Jumbo Kxteiwlon .31 "-! Kewwnas 1 - McKlnley Darragh .... nu 33 Magma Copper 4ii 43 Mines Co of America .. 3 311 Nevada Wonder IT 3 NlpUsIng Kid mi Itay Hercules 4 i A San Toy 13 St Joseph lrfad I" Tonopah Ilxtenalon .... 3Th West Und Con 03 White Oak 4 , 1IONIIS Amer Tel & Tel new Ss. . U9i 17 is I 07 3 Prench Munlo Cs rtussiun C'jfl Sinclair oil Cs . . m . UK .113 93 U '17 Is U'J 118 3 Hi Hi a 7'i. HI 37 PJ 38 lit 814 80 !i 8!i II'! LOCAL HANK LOANS FALL A0A1N Deposits Show Increase -Uig Gain in Money Duo From JJanks The Philadelphia bunk Matement for the last week. Issued today, was highly inter estlng. There was a further falling off In loans, the decllno amounting to J5.7I2.000. For the last three weeks this item has shown a decrease, the total falling oft for the period being JSL898.000. Despite tlio smaller loans. Individual and bank de posits Increase, the upturn In the former amounting to JS.02l,q00, and the latter $1,751,000. A very Interesting item In the statement waa due from lanks, which howtd a gain of $10,057,000. as compared with the previ ous week, bringing the total up to $33, 823,000. This Is the highest that this item has been in some time. This represents money In the hands of out-or-town banks, collection of which has not been made. Surplus showed a gain of (1,99,4,000 for the week. IMf prv. k. .Is ... Si: . , .. ' 1 3. '17 IwruBW. 2U.74,UU0 IS.7l3.ima IM.ail.UMJ -U.V5I.UU" y.uwt.uiio u.umij B3 Kta.flfiO 10.057.00(1 1T0.1BJ.05S M7S4.u50 ij.7p.Mia '&5H.000 S4.aas.0S1 u.iii.Sw Tt.iTaiBoa 571.1100 10.813.0dO l.vul.uUO tatie DapuflU (l4) .- Clrculillou . ru ren Walts . .. riwau ot benlw .. BxClearlnc ifauwa. Kawrv hU . . Raxrva resulred Surplus Surulus Jcnuary 3. 1V1U. i SSr. OOU a nil'. I"n 1.71 MUI. Januarv S. 11114 uoo pcceiutxr 30, 1913, 7.S.0OO, Jaousry 3, 11)13. .." NEW YOHK BU'rrElt AND EGGS NBW. TTuRK 3n 1 BUTTEB lUeetwU. lttlln !" pccUlly January Jl.MlU fitis 0oraUv aulat uadlas. wltb iciailjr on au Kxtru rruJuluo 41c. tuirlwr acoriil bisnar-Bricea arj t atortiw 4fH042c nlA.r utkJUIUlOJ UlU.BflAKU KUOb- Rw.clj.ta. OMl uui Kr.ah triUa KQ(Uy cead feBuepa for nearby whiiaa. wblol. were luwvr nu Dra4ra tj oltl a-caiu UtUa Sturaae alaoajr and SruiKr Refrla . rtur pel4l marked 4Hc f. trU iator firaU. 3V So1 .; wblt g &S0Sc Lruwa ttxss SJ9tftL HB"l iirtwajuuuBU. a' I'A!n,NKnSlIH CHANGES The following partnership changes ate announced: William S Uvnus and Uraluin Roberts have been admitted to partnership In the Arm of Henry & West ; Ucorge Pallas Dixon. Jr. has been admitted as a partner of Krvln & Co. ; Thomas Cochran, formerly president of the Liberty National llank of New York, lias been made a partner of Diexel & Co and J- P. Morgan & Co. Walter C Loucheim. David St. Ulnton and Stephen Jonas have formed the firm of Loucheim, Ulnton & Co, vvitli olllces In Philadelphia and New York ; Stephen t'uguet has retired as a partner of the firm of Charles C. Harrlaoii, Jr.. & Co llrovsn Uruthers' & Co. announce that Wil liam I;, lllewitt has been authorized to sign for them in New York. Philadelphia and Uoaton; A. ! O(don lias been given power of attorney to fclgn drafts, checks and bills of exchange; J. Wright Urown and New. bold 1-eruy have resigned from the start. Krvin & Co. have opened New York of fices at 500 Trinity llulldlng. Ill Ilroadway. Arthur Upper & Co. announce the closing of their Philadelphia ottlce. ' Charles Jacket and Kdivard !.. Jones, formerly connected with the Krm. have become associated wlfh Loucheim, Sllutou & Co. A Wayne Hoblnson, Jr.. has become ao. elated with itattles & Co. William A. Schotter, formerly connected with C. Sblllard Smith & Co., Is now uaao elated with Barclay. Moore & Co. Granulated Sugar Unchanged NEW YOP.K. Jan. 2. The Federal quoted 6 80e today for fine granulated sugar. All other refl&ers quoted 6.86c. The last tale tn spot Cuba, raws was at 5 27c. The report of the Standard Oil Companj BAR SILYEK tow Xora uaiu Tooai. Fiidii fSH 30 . 70S W ft I aat Tua4r 3911 IB New York Slock Sales vivt Ilulibrr Alaska (I M A1.U J (I M Allla-f halmen Mfj AllU-rhtf Mfc pf Am licet SiKir . . . Aid f an . . m Car Kdr . ., Am lllilc ft trftihor. , Am llliln ft I, if . . Am Ire- StttiHtles Am l.lnsrd . . . Am tocomoMrfl . Am rjjrnmolhe pf . m SiiiMt & lli'f . . Am Fmilt ft ft pf Am fiim-ll pf II Am KinMr lli-flnlnc Am MmI I'nuwltlet. . ni Tel ft Tel . . Am Woolen AnrWr Papr pf Am . I, ft S .. An.iron I'M Alch T ft S I' Atrh T A S 1' pf All (Itilf ft W I ... Until Miro Wark llal.1 t.om Wfci bf J1MI ft Ohio Hatred Co . llelhMiom Sterl Hrnoklvn Hip Tr 1 1 it t to ft Sup Cai I'ctrnlriiin Cal Petrol urn Pf . . Canadhn I'a'lflc . Central lvlhpr Central I.tMtlier pf Central of N J Clianiller Mator f:li?i ft Ohio . C .1 (ire.il Wet pf Onlctso tlreit Wilt. Chile I'miper . Clilnn Ciriwr .. . Chi Mil ft Ht P Chi At ft St P f . . Chi A Northweitcrn.. Col CIj ft r.ler . Col Purl ft 1(011 Consolidated ()ai . . Continental In Corn I'roilnrli Ihf Criirllilo Steel (.'iiln Cane Sumr Kile ... tienral Klwir..' . (Icn MiiIom new (ion Motors now pf Cocdrlcli fl 1' llratibf Co.iwl . . flreat Northern pf . . (1 N cfj for urn prop lreen'!-l.'anmei .... (liilf Siatei Stool In'p C'.ii Cop flit Paper Int Mrr Marine . ., . lilt Met M.illne f Kan Ciiv t-oulhern Kan Cltv South pf . Kellv 'prlns Tire . . Kruneroll Cop sn l.aek Steel Co . . I.elilli Vailej Louis A Navli M.IXMell Motor . . . Slav Motors 1st pf Max Motors 31 pf Met Petroleum SI land Cnpik-r . . . MMmrl paclHc . . . Mo i'as I Sin IMc tr if Sll Kail ft Texas Ncv Con f op New Vork Central .. N Y O ft Wet Noifolk ft Western ... Northern I'.vclfk' . .. Ohio Cities I'enn llvllroad . . . I'ere Slainuette w I Pere Marquette if u I I'llts Coal c of dp . . Prissed Steel Car Kav Con Cop . . . Itvadlr.i: . . . Itopuliltc Iron A S Seaboard Air Line . . . Sears, Hoe, ft (;, southern Parllir . . . Southern Hy . . . Southern 1 pf Studcbaker Co . . . Tcnn C ft C I Texas Co Texas Co rlshts Third Avenue Tobacco Products Union Ha? ft P new . Union Pacini: .... United Claar Store! . . II S Ind Alcohol . . . U S S It A SI U H Slee' Corp'n . U S Steel Corp'n pf Utah Copper Utah iccurltles Wabash Wahash pf A Wabash pf II Wills Farcn Exp West K ft AI Western Atiryland... . W ft L II I White Alotori Willi sOi crl.mil iVlIIyi Overland pf, ... Us dividend. New York L'entril T.nst rloe . 72' i '! i . 2 . HI'S . S!l . 40' i . lit' . f . .11 . IS'1 . 7flW ia. nit .ii. Well. t,m Tl'j 74'i ll's It 2S S.V. HI C'l W'i n. .13' tn' SO'i M'j 01 IV OVf 13 mi' ot in'i in.' .11 10' M iiiv lovi lo54 ioVi ioi'i iOi'i hi him iii 3 no p in 71'5 II 7'4 27U R-.li 01 17 07 IT, n 31 rni no IBt'l . 4.1JI . M . .ifii Sl'i mi' i us llli'i 120', r,7'j ni ini io-j r,'ji, 12:1' i 4Vi 1? :wi lll'k lop 0H" n.Ti o:i'i ireji, no1, ni'i fi'." L'3'f 13.U1 ir.'i 4.V4 in -tr ilVl ill'l S2'j S.1' 101 OS' St . 1.13 Wfi SJ 4't j: . :,n I'tV, S. . I.l'i :iio . IK) . tn 1 Vi . l.Ti , 2t'3 . lllj llllj . I2t'j .121 ;t'i ,' 4lC 1 : 1 1 ' a fisij 2-'i . III'. Ps'i :t IIW 1:1:. op, . CO's . ss I17H . :i.-.'4 t:t .12.". . .Vi'f . r.'i 2ft MPs . 'S,i .. M'i . fi') . 4VS . S2 - .7'.' .I.'l.'a 7vj 0V, IV, 111 :i!Pj 1.V4' . :t.i . lo'j . ill,' 2.1-. Kit . "H.1,' .131 .lOI1' KlPt . r.a'i . :;n . 7-2! i . 30 . 7t MC-J KM oltl M W'i i' f.V, 107 S0'( IP, nin 111 OVf nt' it 2.' Ol'f IOI'I 0S' nnu no1, fiO'j r.o1, 10J IfW HI Sl'i 13ft L'.ti oil) 17'i an lrt'i'i 871, it!, .Ill) 08 (U'i llJi 11 0.1 0'1'n oltl KJI,' X,H 2.5 i 01 vu SO'i 1.1 .11 II in ni'i ii u 2-V,' DPI Ufl' 1 12t l'.'4i I2li I2t 12.1' i 12.P, 41 iv; 1.11 ffil'i 2i', 02 i W)' 31 1 l(!S 13.-, 02 oS't St II7'i 311 Sll I. II I f.7'i 4-. 11 VM ft )' -')' i;i'f m., 31', ir.su IJIS'i 02' 1 (11 Oil 117'.' 301, 40 13.. r.'l'a 47' 1 2S'i Wl'j 2., ot HP's so', rs'i l.K'i fi2 I I 37 07 41 'i I.l'i 3.T, ni'i 11 !Pj 12 -i 15' I r.o'i 22 ', ni'i O'.'i , 31' , I0' 1374 !)-", r,ii Sf), II7, 311 It) 13 r.s',' 4,. :.r. fcl'ii SIU 2.V. r.s f.21, 4(1 !i SPi S'i 1321, 10 71 37', Dl'ii 401, I..', 32' a IS', lll'i 23' - r, ", 1.2' , 111', S 7S 132', Cl'i 71 37' a OH 40'i IS." 32', lfl'i IIP, I lOlii 1014 102'i 20', 20' i 20' i 1.1.V4 l.ir.i, uir.', Ill) ll)0 100'i nj'i ins :iv 71'i 30 71',' fi: 7P, 10' i 7(1', .. J.J', .'IH, .'.J1, 1011-3 1IITJ, 10.", . 771, 70', 7SL, . 17W 17 fjii . 22 Pi 220 227'i .. 07 07li 07 . 3I', 'Mil 32 f0' ('.1' 0S' IlM'i lOS'j 1021, 103 10', 10'j lO'i 1(1 .2.111 2.N 2.12 .. 31 ,1i' .U'i .. 40'i IS'4 -IS . .Wi ftS'-i M'i . O..', 10J Ojl,' ...17' lt'Mi 117!, . OS',' lilt 0T, .110'i 110',' ll'J't . UP, C.5' HIS 100', 110S 10S iioi; 1 to;; nun 10s fit;; 3(1 714 40 7.Va 2(1', 102S 70V 17 J7S 32't OS'i I0P . 22'i 1.1' a ft7 30 1 ),", 23", Ift'n f.S 3(1' i 1(1.1 23'." I.'.', 30) i 2.13' i 3J', Is .r7" 100 IIS',' 101 110 0i ioo, ill)', 11)3 23', ins fir so'-. I.TJ 110' j 110', 140' . ft!', 55S ftt', ft . 27' a 2U' !!,', . 22',' 22!j 22'j , 4S -17 47 .I.".',' 30 .'Ift'i . 05 03 W, 1', ; I'liiUdelphla 22',' 47 30 X, . I Com- I New York Bond Sales lllBll. U MS null . nu! . IMS II7S . lie, uj', . M!, III 18000 Alaaka 111.1 r (Is ; liKiii Amer Anr ti B ."OUii Amur Col (ill Ut 3V3(iuii Ansl..-1'r Sa . Saiiui Am nrelKii h.c .- Stmiiil Amur Tel lit 4 6(100 Aiu.r leu (la llimi Amr Writ 1'up :. r.iHio Arinnur Co !', ITONII Alenlaun ken 4s f.Oliii Uu n 4a lllllll lillill All. in i. I.h.iv , 30(1(1 Allan Hlrm 4 3..IKI.I Halt Ohlu 3', ... noon .in 3a . . . . '4uii'i .Ii. 4a SlHlllll Uu Swn 3'ia . . . 10(111(1 Iletll blrrl rtd r.s Minn llrouk It T fi HUM. sniiii cjii fiovt r.a lo.' i. loon (lo ;. lui'ij . I'.ilKln .lo 111:11 (iiiiiii r.ii ojs ft m- r.s Muiin Chill ruupfr 7a . . Illllil Clua Olitu rv 4Wa II111I11I do 4', a . ... ilnoii ilo cunt 5a .... llinu Clil 111 U'ral 4a . . r.non rid en hu 41, a ... Slllliill CM II i Q Julm 4a . ilium lu sen la. . .. , limn ri.i 11 ii 0 hi a,, 'J111111 C 51 ft Ht p fen 4a .'.Vim do gen 4 a tmuil da iuiiv r.a. .. . iiiimi 1q 4a 1SS.. '.'miiiii lln cv t',H U'iiiiii ilo nen 4lia .. . SIlllU Chi Sill ft 1 S 4a 2000(1 Clil It I u l Sa. '.'(Kill Chi Itivsa 5a . . MirtU Col ft South lal 4a luou .In 4V,a.. (lunn 1'lly of l'arla 0a . 7111111 (!on (iaa innv (la 31)1111 Cumberland 'IV! 11)00 Con Uaa of Halt na r.uiio llelrolt 1'nlte.l 4', a . -ODO Krl. conv 4, ar A. Riiiiii do prior la . JiiOOO rior ft 1! C0.1M IS a noon Hud ft Man rfU 3a . 40001) Hock Vul 4i,a Klilill HI Mcel deb I'aa llM") 111 Central 3V,a . lliiOO do if.l 4, limn Interb llei 4'ia 300(10 Interb H T rut 3a 13000 Inter Mt Mar c.a r.non .lap new it k iu, iooo K C M g ft HI 4a. joltit Kan City Ho 3a Hum Kan City Ter l 4, 21(M)i) Lacka.fjiaal 3a lo;':) inilliu) do S ll)5n . IbOOd I.k Bh dab 4a 1H!S . h'iwi 00 os-n .aji 4n.li) IJic ft M T Sa . . lno I.on laland 4a 1 rnKl lairlllard Ta rt r-lrfXl I.'.nU ft Naah 4a 100(10 I.ch Xv ..-it r. " ouhu at i- a a dl'-ia. U4T IQOOO Morrl X. Kau. ql. . mu ISOOO ilo 1'ac 4a w I . .. fi7, sonoo do VV I, fia 1620 . . D7 3000 do 3a I 'WO . . .1111, SAOAO do Ba 1917 . ..n 21000 Mont Powtr 3a .inn 2000 N V Air Brakaovttia.ln.''.!, 15O0O N Y f ft II Staa .8(1 raMHiM ao at . 1 11 OOU do 4 a . . B'ii SOrtO do 4V,a . 7 1000 N V Chi St 1. I at 4a !-', 3000 N Y City 4a 11)311 TlOl K 3000 do 4V4a lBir) IOVi 20000 do4Valo8. . ..103 wuo da I'll u,y 1W7.I00U, jou nov lyaf .((.a dow n x uaa ,i i- oj 1000 N r N II ft ir Ra 17000 N Y Rwy ad) Sa IUO00 N Y Tal Ktn i 4a StOOO Norf ft Wait 4, !18o yJss. SS" u loon lira 3000 Pai . . HI.! M'I . hit . III". . . nu . U2' . . !!-', .nu .lU'l'i .Ino ''h . tin', nn's I'.'iit, 3'i U2" t'4'i TVS. . lll'l', . ns', . . iu; . . . ui . . 11.1 IU.V. . us, inoH in.'ti . ns . 74 . . urn, . 114 (l.-.l. Illi'i .123 ten. Km .. NI a.il, lll Ml' I UJjJ 112 am Wi 72 Vi 0.'J US 711 -HUH . ui. ilia . Ii (IK i('; lllV Hl'a 1112', U7'. 1)2 117 lil'J 1)7 ; Ml Ii3 U.'i 103 Ml ' all' on: 11111 te;; ,l'2 imi nm Mil, nu;, mis U"J k l'i' 11." 72 US'j in'; t.7 oi H3 II3'1 liiii 111.!!, 1)3 71 IKS !i:i hl'J li.l iicz inn HI (17 h.', UIJ lill'l U2 l2 Kill IIN ii IH 7 77 1111 hH Hli l)H 10,4 K3 1211 1111 ina.iT IM'I 1.7 H7 07 11)11 Jim wi 103 3 ii in 1112 117 u:i U7 1111, !I7 Ml ua 113 in.-. Ml Sll 111 100 112 112 1112 11111 Hill IllOi nut. (I'll 12'l 112 114 -2 nm;. ps'I iii S7 114 113 1113 J, 113 1011 102 03 71 llQ li:i M!i mi I'M fi'i lliil hi (I7i h.-, 114 llll'I 112 Il2si W) ? us', 1)3 7'l 77 1)11 SS lilt no llU'd os Jim . 12 I) OS imiiZ uiK H7 07 i$ m . l'H H-llL (i-M hsZ 101 lrtl loii isg lAsttT .iiiu "i twit ineu IOIX 1IH 1(1, c - $ l$ US5 MU aSt, IZ 03, BSsI 06 H 1)1 04 oil? 3 alC J2 ' I 3 T'd "S "N -Hl lui D2V4 Sales in Philadelphia HiRh. 30 Am Ileet. . S.l'A Hi Am On ..tin 5.1 Am t.oro . '!) 4 llnltl Lo pf llll HU I'lec Stor OS Km llrlo 3114 (I i.'pii Ami P H'i llll ln Co X A 25 U In Kriine Cop inn tin LU Sup C MO-;, 3.1 l.oli Xnv . Hi 2.. t.r-li a Tr '2.1 7 Mlnelilll '"U'i ..() .Mpx Petrol 08 Ifio Xov Cons, ii'.lt ftfl? Penna II It M III Pa Salt M Ud .in Plillrt Co i am pfd J s.1 Plil In Mire full paid 231.1 IMITI r. ! Plilln True All Itr-n I ft H. Iln Pending U .Till! KI'.'J 'J , I (lit sn.. Ton uci . iii .11)11 I'll Trnc. i;i, 21:1 1,'n il Imp. imtii I I' Cos .1.223 Bid. I' H ftteel.lliUs 311 W .fer ft H fin 2711 Wm Crnmp fill 2lin Vnrlc llwy. Ift III do pief . . 3H IIOMH IHEh. flllll(l A riAMI Bf tin aimn t.'ity 4 1041 v . ...Iii.1l', 2(100 mint in a int jfniin Harrison Klec GK..IH.1 2HIIII Key T lt 69 1)791 20000 f.eti X cons 4 Inn ...103 tlllllll I.ell V BOII Id till1)', jnnii do rotis 4'n '0.1. mov, tiiuii do Coal Sn. in. 1 101)11 I'll Co KPII 4V, ...I021 .Kino Iteail mi -In DJiJi :;unu Simti-Ain I fit . .. llll'!', I lido t'n l!y Inv 5a .. 73'i Kino Wi'ls Co Dm II!) Low. 113 120 70 lot no1!', :i I in 7ni,i 27 imp, l!l"i H.1 3.1 .11114 lilt 21 f. fit's IK) 12 .13 'fi .1111 HM.il " I" 14 io;?m I II-1 (I 17 0014 223 lilHU nu HS14 ft l.nir. till llilli nit 1113 o:ii 1(13 mi -11 ion-r, nil 11571 Oil'!'! Xet 1 '"i 2-5A 3'i t'lone. 03"fi 120 HI inl onfi .Hid 11114 21 J up, In 1,4 8.1 2.1 RH'.i llll 21 a; on 12 4 li .1.114 li 32 I HI 14 li 1014 i 2 llii''. I l', I U'I It 3-HI t 0II7-, 213 I llll 14 All 80 13 3M Clnae 0(1 1113 H lot 1113 07 li 103 linn llld-i III." JOJl1, IIB-Ji 1 Mi 214 ! lOx ..... . . . . . Net dure. f 14 -I I li li li mi; loi-y, u 73 14 oo 7.114 uo 14 MOXBY LKNDING HATES MJW tOKIt (.'all money opened lendlni? nml lcnowlnc "', per cent. On Rood mixed rates nre 3 li 17 .1 ai per cent for (in nnd Oil dnya nnd 2 fj' I per cent in i in I", tnnnllis. Industrial money H 1 '4 Hil'a per cent. Theno latea sliow a icdiii'tlon of 'i per cent. rrline ineroantllc priier 4 0IU per cent. I'll I I.A lll'l. I'll I A Call, f per cent. Time, 4 'a Hi 5 per cent. Commercial paper, three to sl inoutliH, li&Ti per cent. CIIICAflO Tlin vtcslern money market allowed foiup Irregulailty In rales at the I'lofdiiB of tlio year, with u tendency to ward llimnesa. Itate.i of discount on tlmo lonnM "f n hlfih-Brado cliarnctcr item 4'i per cent, while cnll Inani iniiKed from I lo I'i per cent nt iiuiereiu nanus anil irnst coi'iip.iiiles. Ilatea over tho counter were I ., to fi per cent. St. Louis and Kansas City lianKi report n la Re volume of business handled during the holiday teasoti. .Money continues com paiatively eaiiy for any lesltlmato pur poses lull lianl.ers mo cxcrclslnR consld cralilo conneivatlsiii In tlio way of loaning n oney, and nic ooiidiictins n rniiipnlRn of thrift In iiidiicini; many to Indiilfro In tlio tnvini; habit lieposlls arc sIiowIiib hoiiio li.crc.'mo under hucIi conditions. Hales of Interest are imilianucd at I to 5 pcr'cent. T.nnATi STOCK MARKET STARTS NEW YEAR WITH IMPROVEMENT IN PRlC$ Feeling Is Much Better and There Is Larger Demand f, Securities Lake superior musu cuve uramp Shipbuilding Up, Four Points ' Ploor nml roitimlRslon house trailers and Olheis vvho nro Inlercsteil In tho move ineiils ot prices on the Philadelphia Mock UxcltnliRo cairns tlovtiloii this inornliiB In much better spirits utter tho triple holiday. Wlille llio innrtot ilirmifllioul the iluy vtns not active, ns na the mse n month or so no, jrl there vvah no Iniprovemcnl both In llio prlcei nml the demand for securi ties over that rulltuf In the last d.is or Het ember. The triple holiday ftnve clerKs lu liroKers' offleeM nu oppnilunliy of ratrli inn up In their worh nml today when bu-d-iiess storied It was with a clean slate. Thr.ro were no Important developments In connection with nny slock In the uaj' i dealings, but there were some noteworthy movement. cpcclnlly In f'ramp hlitplnilld Inir. which gained I points. nellliiK nt SO. This nihnnco wns hrought nbotit by inin linrallvely llRlit trndlnp. AmoiiB the local stocks Lake Superior Corpoinllnii vvni tho most active, nnd thW Issue pnlneit more thou a point roMv In the day. maliitalnliiB the iidvnnce to the close. Philadelphia llapld Transit tiust certifi cates conl Inuo to he held In favor In the Street. Nothing new has developed with rcBard lo the new transit plans, hut the feeling among holders of tho Issue through- plans submitted by the coniDan. i. city nro not adopted yet tha com,.. out llio Klieet Is Hint even tk,,.i strengthened Its position with th iv" in that It has shown Hint it , Ifft make concessons as set forth n it, ' Today the certificates started urn, but ns trnding progressed they u J llio final of Inst Krldnv. msini.i.t:? vance thioiiRliout the rest of it,. . '' Tlio stnlemenf of operation of uV pah lletmont rieveloiirnent Comma. " tho Ilelniont Milling Company totvSn months ending November 30 cam, la day. Tho net enmlngs for tho ptrM. Riven ns ziiu..nt. inis. comparn L. fl8C,S:B In the samo period of tj total net incomo for tho tiering U... .." I. . . .-.. . .--.-., n.i it,. "c.raont ra .'.in. ngnlnst $190,180 In the cerrejjj? period of lOK.. Tonopah nelimMj: told off a small fraction. Hi(- Special Steel Dividend rrsHLUiui. Jan. Tli ritt.K PI' Steel regula on the dividend of $110 a share, making u? nnd niiiounilng to l 540,000 Tlnn i1 l..-lli. ... ,,..rf ...... ....ui jr h I'orniinny. In addition lo declarti,.. ir citiarterly dividend of ; J ; common stock, has declared a Jj ,,1 f tn n nl.nrn ,,l.l ...'"5 I'ORl'IGX EXCIfAXGE Nt:r VOHK. .Ian. 2 The market for rorelgn exclMiige lu the early dealings today was quiet and without dlstlnctivo feature. Changes from Hie closing figure of last week wero negligible Quotations: Iipinniid sterling I 7." 0-16, cables 1.75 7-1G ; sixty-day bills nominally 4.71 ',,. ninety-day bills I. nan I'ranc cables O.S3'j, checks 5.81 ,. Ilolclisniiiiks cables 73'd, checks 73 1-lC. Lite cables C.S7, checks C SS. Swiss oables K.0C, checks 5.0S. Vienna cables I LSI!, checks 11.80. Kroner cables 20.00, checks 29.-I0. Pesetas cables 21.10, checks 21. liullder cables 40T, checks 10 13-lfl. I'.nble cables 30.10, cliecks 30.05. HANK CLKAHINGS Hank ilearlnsa lodav lomn.-irnl with corre apondlnjr d.iy ot iho last two ears: 1017 191(1 1013 Philadelphia. SfiS nun nns r,n,33J nss .i3.nn :,H" itnaton .. .. :is,7nn,rij 4i.:n..-.,iios jinarm New Vorll..573 mf.nuil gOli.h4ll.71'.' 2U9,b7u'.Vl!l Cotton Statistics .'f:y YOItK. Jnu '.' Tlio atatlsllcal position of votlun la u folloHa: ' '" " This w'k Tetal via. aupph Of u hleli Amir . I'ntBl In nlch. IV.i i ember V'u ... . 8.390,574 S.lOl.sf.l 7,2i'(t,013 I.at w'k. Ijiat s'r 5 j--,1?'?.?i? f -'. '5 0.228.4110 . 4.70S.331 4,1142.313 -1.146111,0 IIM-IIW E.H.PLUMMER&SON General Agents Join with the Berkshire Life Insurance Company of PITTSFIELD, MASS. in extending to its many policyholders and friends the Compliments of the Season, wishing one and all a Happy and Prosperous New Year. Throughout the year beneficiaries as usual have expressed their satisfaction with the Company's prompt and liberal settlements, thus demonstrating that the holder of a Berkshire policy has a security for himself or his family which ranks as high as good laws and careful management can make it. Our present policy is the embodiment of fairness and equity and under the laws of Massachusetts the interests of all policyholders are carefully guarded. It has always been the aim of the management to give to members the benefit of every advantage which safe and honorable methods would permit, and its present policy contract is acknowledged to be unsurpassed in liberality and privileges to the insured. The past year has been one of the most prosperous in its long history of sixty-six years. iBniiiintf iiiniilliJJIIIillllliJBiSIBIIC'aiKH-ffiK 2JVj:i:u;iirji;ia.i.i.xi:ii!:uu.i!L;.i.;;i:iii.iujiuii:iX2j:aj2:iiM:.aa:ii ;miu! ...,nun:i !L"ru.r:u;u:i:n:i:;i:ut:ira,iiii:;:i::,iti,i.::ii:;i!,i:;iiKu;u;BmsK; Income Tax Department TO persons unfamiliar with the regulations governing tho payment of the Federal Income Tax, the preparation of the annual return required by law presents many difficulties. In order to relieve our clients of the detail which' the making up of the return involves, this company sonic years ago established an Income Tax Depart ment, Hie services of which arc offered to any who limy desire them. This service is not restricled lo those who make use of our other facilities, and no fee of any sort is charged. Philadelphia Trust Company 413 Chcjlnut Street :: 1115 Chestnut Street Philadelphia iih-m itMUMniHiiniiiiii i i n 11,'inr i.iiinrnufiiiiriii'tira! boibmiiiimiiiih $350,000 Barfclesville Interurban Railway Company (OKLAHOMA) FIRST MORTGAGE SINKING FUND Dated January 1, 1017 696 Gold Bonds Due January ,, 1947 Interest January and July o.j i t . . , " , . .. .1 j - Muij Kedeemable nn amv inifif ,! . in .nH intefelt AUTHORIZED 51,500 000 OUTSTANDING. WO Additional bond, may be ...u.d .t 85 of co.t of permanent improvement., etc., When net earning! are twice the interest on all outstanding bondi LOGAN TRUST COMPANY OF PHILADELPHIA, Tru.teo Free of Normal Income Tax Pennsylvania Tax Refunded for the future Browth of the Company. P " 19, uad whlch be,n- c,-ed- wa' inadequate to proyio.i sound fiveimlent.,lttenUOn Ule ,0"0W,nB Str"K featurcs which' wo beve. combine to make these bonds of 5583 00b ThaCompan-? owns" and ?p2S,t? rByini5hil.n?, PTr PrP.erLy' havn a "placement value 5,nce 1012 when the Cities Service Company acquired1 ho 'proper t?r bS anU net earninB3 -.ve lncrea.eaW.- j nyaVfcS"3 XSL "K? J?H ot tho bonds before maturity, or 8ub; 1 bavin--been thoroughly renewed within the , past two years. proPery ,s ,n tne "'Rhest state of emcienc,, fftoVrvrnaKroer, rtii oi me biock ot tne Hurt leavi Ilo lntr..,L. n":i.' .." Vw" ' --K"- i'':"'ti' pauy, vvnose capital stock, par value efllcient munauement. j0,..,i Y? roUow,n comparative statement shows the "rowth of Service Company acquired the property; ..rowin or S765 boS rrmni Ra,lvva5r Company is owned by the Cities Service Com;. $o,JS-lviJi.00, has a market value of 120,000,000, ensuring strong and the business since 1912, when the Cities j Gro Earning, Operating Expense, Net Earning Bond Intereit Surp iu. 1912 ?108,G53.25 '67,232.31 $41,420.04 12,570,00 1916 $153,163.42 94,812.29 $58,351.13 21,000.00 $28,850.94 $37,351.13 100 AND INTEREST, RETURNING6 ' EDWARD V. KANE & CO.. MORRIS BUILDING. PHILADELPHIA. PA. JET BBBVaVatllBliiS-i,
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