CTpatajim mu.mji.-j.
-timmm!tm
4HfiTj- 'lwioiirTw--r'
8 4
EVENING- LBDGBK-tl'HILADBLPHIA, FRIDAY. JANUARY 12, 1917
71
Tobacco Securities
enjoy th soot) will of th. American
invcator to a remarkable dtfree. Cor
poral manattment unturpaaatd in
other lines, a Mrivily growth In Darn
ing and (enerout dividends are the
reatoni.
When you fnvtat In tobacco atocka
you , are generally assured o! n jooil
Income, and, what U quite at Important,
you have nothing to worry you,
Throujh lt dlatrlfilitlon at a illvt.
dend by the Urltiah American Tohaceo
Co. tha atock of the Imperial Tobacco
Co, of Canada hat become accettlbte to
the Inveitlne; public. Thlt It the
premlertobaeeo company In Canada,
Itt record la one of conttanl nrreate
In butlnett, ntlet and dlvldendt.
Few Inttltutlont have a brlihter
future before them.
Scml for our rlrrular tffi luff ilrlull.
Imperial Tobacco Co.
' of Canada
' liourlil, Sold and Quoted
BAMBERGER, LOEB&CO.
25 Broncl St.
New York
Convertible
Debentures
Due Nov. 1, 1926
Tax Refundable in
Pennsylvania
Yielding About 6.12
These Debentures ntc a di
rect obligation of a Com
pany that owns or control?
Public Utility Companies
jupplying without competi
tion Gas, Electricity or In
terurban Railway service in
53 communities.
Protected by earnings about
thirteen times Debenture in
terest. Send for Circular 2502
WilliamP.Bonbright&Co.,Inc.
MORRIS WISTAR STROUD, Jr.
Mutineer
437 Chestnut St., Philadelphia
New York lloatuti
London
William I". llnnlirlsht 1 r,
Detroit
1'nrN
tlonlirlulit Co.
Jt)0&Vah&fy0AflAfXJv"ll
FRANK P. MILLER
PAPER COMPANY
6 First Mortgage Serial
Bonds . .
Due 1917-1926
Earning' for year 1916
6V2 times interest charges
Made by present plant
The ;ilii' bonds were
issued In Imilil new plant
and 1 lir inortK.iKc is secured
by both properties. When
new plant ii in operation
output will be three times
the present production.
fekERf CO.
illANKKltS A llUdKKKS
6th & Chestnut Sts., N. E. Cor. I
Mflnlien nf I'ltlln. Mink i:rliuncf y
IHrrrt vvlrw t New tori.
Advance in Crude Oil
"Pennsylvania Crude" lias advanced
to J3.0B and "Somerset" CJrade to S3. 18
tho hiRhost prlvo in history.
Increase in Earnings
Barnett Oil & Gas Co.
Earnings arc increased over $100
per day by recent advances.
t preillct another advance this week.
The security back of Unrnett all & (Jas
stock Is worthy of your fullest Invent!
cation from all Investment standpoint.
Peace can only mean Increased earn
ings for oil securities.
l,tt Ui smitt vau rtrent Information.
o Circular .Vo. U .
E. H. CLARKE
Morton R. Alexander
lllealdent rarlner)
rhona 1141) bprure
Stock Exchange Ulug
William f.KWAR..
N. J.
I'lilla.. Pa.
New York.
TAX FREE IN PENNSYLVANIA
WE OFKKH.
Balto. & Ohio R. R.
EQUIPMENT
454
'2S
MATURING
May 1st, 1919 to 1926
Particulars on Application
A. B. Leach & Co.
115 South Fourth Street
tOtall Phone Lombard 23T
New TorK w Chicago Buffalo
Boaton London, Ena naltlmor.
HARRISON BROTHERS &
COMPANY, INC.
Preferred and Common Stock
and Bond.
' K Bought, Sold and Quoted
FtexziER & Ga
INVESTMENT B.tNKEBS
Broad and Siuion Sta,
DIVIDENDS
USUICm VALLEY BA1LBOAD COMPANY
Fnlladalphla. Dcainbar 20. JJ.ie.
Tha Board of DtiMtora of to. l-ahuh Vallaj
B.Uroaa Comrany "baa tola day dclarad a
SSJwi? "?:?.' ".ft" 3!S21 ZZLPii
H.,-wSS'rd"D.iJCir56:iil
i k oualUriy dlYldand of vtw and ana-ball aa
I atock to
llfi and
aYlir I.td Pa; B"i R '"mES5"lo0 Sffif
riiockholdara of r.cord I?nioar v. ili;
kith nayabla January 13, J4-
qtUKk WW 6 wauao.
C X KULP.
Traaaorar.
OF 1-IIILA.
viiidlDhla January 1- 11T
Th. Mror hava tM. da f lM,"!"
o i..t,'..,nTS-Sr'! jsi-.t5
" T.V.i" - -
FWtadlPhla January 12
Th. Dlrsor hv, "da da .dlarad
M L iAnA at s fic anx. and at& aitra ai
FINANCIAL NEWS
WALL STREET READS ALLIES' REPLY
AND FIGURES THAT PEACE IS PAR OFF
Stocks Start Better, but Beai Attacks Result in Reces
sionsOutside Speculative Interest Disappears,
Reading Is Offered Down
New York Slock
, i r
Sales
Acme Tea .... .IT
Alaska tjoW Mines IH
High Point hi Tadag'tt Financial tVcWs
.S'or.-n in Wall Street started (orfnl with iuing an tUr remit vf Allits'
rrilu to the President's pearc note, bat influetwr n-as mil teuipontri and
bear attack hrouthi abant reaction. Curb shan'cd ivenknestt the greater
part of the dan. Wheat rioted lower. Cotton alarlrd better, hat Inst part
of )ain. Neii) York bmtka tjahml ware than $titnnn,nnn an movement f
money in week. Price nf bar sitver toaer.
NKW yoltU. .tun. 12.
Il toiik otnr tlmp Unlay reir the Htnck inmUpt to iiialtp n rosponnf In llio
i'IiiiiirimI coiHllllmi wltlfli htivo ipanitrd from Hip' titlnWPi- nf Hip Alllpa to t'i-cstl-ilonl
U'llsonV ppitrp prnpnxal. APPoMllnH to ittnup vho rpitil flip itnctiinptit
inrpfnlly Hip nntp wni rolistrneil h.i liullcntlnB prnmmnt'Pit illinlnlslilllR nf tllP
prnsppci or ppni-p mill thprp wni nothlnn to lip fontul in It lo cnnflrm Hie
poHltKp stnlPiiipiilH which Inn? hppti tnnilp hi rt-piiivnt IiiIpimiIs In the tunt
iimnih tiMt ImliiMtrlnl I'onililiotm nnd mnrkpt oiipintloni mum ln niljiistpil to
a pPlK'P ll.'IKlX.
ontMilp fippciilnthp Inlptpxt iliNiippPiii't-il lo inch mi pxlcnl from Ihp Sltppt
ilnil this rniiMti-urtlnn of thp Mntentp iIoimiiiipiiI illil not m Hint pxpi'I it IhsIIiir
inlliipiicp n n innrkpl fnctor. Thprp wiik miiup i-ovpflnc t kIhiiih nt tlw open
Iiik. lint Hip hem- plptnent illil not limn nny iiart of Its conllirfnre nml nflci' thu
III hi few minutes vlnroim nt ttii-kn wpip iirmIii In onler, nml It wns nut Ioiib
licrmp ilii' Itnimivptnmit rpoonlpil In thu Initial tr-mlliiK wn wiped out.
The Blocks which hail tnnilp Rnlim or ni'ound 2 points, like 1'nlled Hlntea
SIppI cnininon nml Utnll Copper, fpnclnd nhoiil I point, while Alnrlnu itpfrri'd,
which hnd innilc mi Inllinl niluinn of nhout I point . ipilchly diopppil iinnp thiin
'1 point.
ItPinliiiK and mittit) of tin- other railway Inkiiph whip .olTpred down Hhnrply
nml in Hip lute fornnnon Hip market upptned to he pnltrcly under hpnr ronill
l hum. Il soon hecniitp nppstrenl. howpver, thill outside of the nnle of rihntt
Hlnck by the ncBi'PHSlvp bear Under tliere wpip no ulTorlnRS lit eiinelil
ilimttlllonw, and us tho new situation heciiine mow cleiirly undprslood buyliiR
orders Increased in volume Willi this tii-owlm; ileitin ml. rosidllni; In n inure
vioioiis iipwnld moveinonl in Hip lute triidliiR,
TrnilltiK In bonds wns of n uuIpI chiiliicler lodn Willi Tew Issues nclUe
enoufth lo wnrrnul Rpeclnl coininrnt. fl. I'nul lioiids showed n Htrouscr lone
mid IliPie won n fair iloiiiiind for the Sun Knniclseo Issues. MIrsoiiiI I'dullle
Is tiiinle a frnctloiml kiiIIi. ndvniicliiK to liT. The Denver ami Itlo Cranili' Issues
were also in inoilenite demand nl liliiliei' prices.
CANADIAN CAR AND FOUNDRY DROPS
ON CURB, DUE TO FIRE AND EXPLOSION
SVIW VOIIK, .Inn. 12.
The most Important feiiluie of the tiiidliifi on the Umiid Stiect ('nib today
was the Hltni'p btenk In Ihe stocks nf the t'aniiillaii (nr anil Koiimlry fotiipany
as lliLvtesult of the destruction of the company's plant ycsteiilay. The Kimnion
slock, which ruled recently tiround 14. opened at lift and dropped lo 25, followed .
by a quick rally lo 32. The pieferied stock was Haded in nt 70 lo 71), showlliK
a loss of about Hi points.
Weakness prevailed In nearly nil the other Issues during the Ills! half of
the day. but in (he afternoon the supply of slocks becumo hciiiiI and slow recov
eries were in order. The rniiRO of prices in the usually active issues was nar
row. .Mldvnle Steel sold al i!2'i lo 111 nml Submarine ruiiRCd from 2 Us lo 2314.
YVriKht Aircraft declined from I Us to I3'.. Cock Island Issues Were
pics.sed for Hide at concessions otiil the weakness ill the.e issues In connection
with similar declines oil the Slock Kxchuime wns the cause of it Rood deal
of comment. The new common slock was traded In lit 3'.l lo "S, the ","
pieferied otd at 87 Vb and the "It" preferred at 73.
i.mi:i'i:mi;.st on. .stdckx
Ve. finite
7
nm
714
si
US "a
lil'd
411 V,
1.1 ,i
IH'.i
!',
IHfc
nms
m
K
IIIAH',
I Hli
US U
. i i :
. n'-i
SlflH
Alaska .Imipnti 7H
AIMs I'lialinfis . 27
do pief xl
Am II HliRar . . . n.1',4
Am I'nn 17
Aincr fur a I'Mv. (t
Am fnliiii on ln'i
Am tilde k I, ... l:l'-,
dn prof min
Am Ipp giiii
Am Mnftptti I"1.
do pfpf An t
Am LopiiiunliNP . Itlj
Am Mnll it . K
Am SinpliiiiR . . .ins V
do prer 115
do prpf II . . . HSU
Am KilRitr .. .. 1 1 Hi
Am Steel l-Mv ... nt i)i
Am TM & Tel . . I'l.Ui ISilU
Am Tnharpii
Alii Wniilen
do prpf . .
Am Will Paper if 4311
Alner zinc . . . . si
do prpf Sn'.s
Atinennilit fop . . .1
Asmi on sin,,
Atehlson , lot",
dn luef !!!
At I'oasl I ,ltie ..II7
At tlulf and W I
do prpf .
tlnlilniii Loco ..
Hall nml nhn . .
ItOITPtl i'i
do ilRliis
Untie ft Siiperlni
('iillfiirnin Pel...
do pief
'ntinillan Pah. . .
I'uiilial l.entlier.
riiamller Jlnlor . us
i Mips Dhlo . . ill
'hi tlr W pief A :i'i
fill Mil SI P . nil
do prof . . I '4 i'ii
''hi ,fc Not Hi W I'.'l
' 'out i 'hii . . , . . . hh,
I'nl 'Ins Hire. . II
i 'hi I! I P. . . :m'
do A tit'
t'lilll Copper . . . 'J
'lilnn I'opppr . . . M'.fc
i 'nl I'"iipI A licui. . . i.-,a,
'nl .? South .-.:'(,
I'III30 IttlS .... 1311
Corn Ptoiluels . . li,
uclhle Steel 'I3'4
At
In V4
S',4
17
HI
ti .1
4 'I
itt",
It'U
I.H4
in ',i
S8,4 '-4
l,fc ' 'ii
ill (4 ' "
Sn ....
8 V4
nm',4 i M
IIS i u
11.1 ',i ',4
1 10 IIH4 '!,
IUI'm 0 1 Ti l 1 rji
1 14
I ',4
Vf.
is sis I
1 1 ',4 4 I '4
P!, una
1.1 13
.in '.4 ami ti
til (, SO'.H i '.(.
st4 nt?). ;
Sll'f, M'.'. 'ft
lot '(, IHIV4 Vt
Out. II!) . Vi
iidh ns
i.i '. tin', in
ilt'l. !!(, fll'.h ''ft
.1(115, .lit. ,1.1 I
8.1 S.T.i 83 l.k
I St ',4 l'!-t4 I'i I (,4
l'i !, -t',4
5", !(. Ill',
J4'!i tli),
.11 ',4 .11(4 I
l.lfl'4 I.l8',i ',4
i'l'.i '
I
, .13
I. Ill
. !3
I'llliflll 'nne SilR 3i',i
Id
iMirsrtti.Vi.s
V.'M . IllHl-.
Illil AnUml IXillel
Aetll.t 3 S14 S'!i
American Hrltlsh MfK . . 3 13
American Marconi -4T '.Hk
Amer WrllliiK l'np I I ',4 4
Canadian Cir i' 3.1 3H
'aiiiullnii i'iii' i I'M y pief IS SK
'liaicoal Iron "14 H
I'lievrolrl .Motors In". I III IU8
iranip ShliiliiiihlliiK ... so mi
i "in (Iks Aeroplane IT 'M
Iliiici'Mii PlialiiiKrapli .. !H II 'H I'll
Vedenil njeMllltr S3 in
Haskell & Uuiker t'nr :mi4 il
llellllee .MfR 53
Kaihodion Ilronise pief.. 3 :i')i
Laurel Oil H (las .1
Lima l.ocomoihe new .. .in 3H 37 ',4
.Ma!ni Miinltlnns : 3
Mldvale Steel !, HIT', 111
New York Shipbuilding.. 111! l!H 1 1 ',i
Nnrtli Am Paper 8 m'h, 8
iilic Klevator ,18 i:i
TV-ei'Iess Molars .11 sn ..
pnnle MnRine 7.1 mi ,.
S S KresRp w I II p
Stitnd Motors ri 7
St Joseph Lead 17 194
Sieel Alloys . . . .. fl-,
Siihmarlno S.-.t-j, st',4 33
Tiansun Williams In Vi la'.i
Trianule Kilm H4 -i Vi
Todd Shipyards si ml
t'nltcd Alloy Sieel 17 111 18
C S Steamship ,"."!, 7i,
I'niled .Motors 1 1 ',4 Uli l'ik
C S L II eom 1"H I V
do pier 3 3
World I'llm t. "H I I
WriRht-Martin Aircraft. 13 It l.li
SUnc ConcenlratlnR ... lk
IIAII.KOADS
Itoek Island com 37"i 38 38(4
do A pref 87 Ml 8714
do U pref 7114 73 ViH
Western' Pncillu w I ,., Ill il SO
do pref HI l ..
Vubuh PlttklmrKli l'.4 "I
do pref no 33 . . .
.NTANHAUI" ll. .STOCKS
Illinois S43 -433
Ohio ...j 31ID 3US 3111
Prairie IMpe 343 33'!
Siand Oil of California. .337 37'4
Stand "il of New Jersey. 7 Vi 7I 711
stand Oil of Now Vork S7J SSI SSO
Illil Asle-il
llninett Oil & Has . .
Cosdeu oil & Uas . .
Federal Oil
Inter Petrol
Houston oil
Merrltt Oil
Oklahoma Prod 11
OsaRe Hominy
Itoyal Dutch
Sequoyah
Kapulpn ItcllnhiK" . ..
Sinclair
Midwest P.ellnliiK .
ry,
IS
'l
. lO'
II
IS '.4
i : 14
,
ii.i
"It.
nili,
I'.H
Ii
114
3(1
3 IS
SO
ns
a
:k
Sli
in
311
in
18
tli
3
1714
014
Mli
3414
I 'Mi
1'4-i
HV,
11(1
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HI'.J.
ns
sn
hi
l.
7x
t
38
! I
4 !
3i
SI
mile)
:t
13',-i
41-f,
137.
I -."Is
8T
03
i'.fi
III
111
minim; stocks
Alaska Standni'd S3
Atlanta s
flip I.eilRO
Ilinbi-e Copper (a piosp.)
Ilulto New Votk
Cerro de P.isco
I'onsoliilateil Arizona ...
i'lnunn. Consolidated ....
First National
Florence (loldfleld
OohlllPld Cons
lloliincld MerRer
Tlecla .MlnitiR
Howe Sound
Independence Lead ....
.Ilm Duller
.umbo Kxlenslna
Kewnnas
MeKlnley-tWrraKh
MaRina Copper
Mines Co of America ..
Nevada Wonder s
NIpIsslliB , H
liny Ikreulos t
Seneca Copper ........ 4 )4
San Toy u
Tonopah lixlenalon .... i
West Hnd ''on 8
Whita Oak 3-4
llOMIS
Cerro de Paeco Cs 114 117
Cosden Oil Ch 103 inn
Cosiien fc Co new Cs ...lii.i lun
French Munlc lis BB'Vt 117
Midvala Sieel 8s Mk 714
Itusslan (iljM 1)8 !ik!4
Itusal.iii S's uii',4 s
Sinclair OH 6b ill us
Todd Shipyard Cs .. .HH I Hi
Western IMcitlc new $s . 00 un',.,,
S3
in
13.18
37
1.1-IB
S l-lfl
Si
71
7
dn pref
Hen nlil Itlo 1
Dlstilleis See
Imiiie .Mines ... .
Hi le
do tut pief .
( Ins W . W
lictipitil Kleciric
(ien .Motor new
do pief ne
iiooilrleli Co
(Iraiihy Coiicol
ill- North pief
lir North lire clfs
ilieeli-Ciiii Con
I liillf Slate Sieel.
do Isl pief . .
Ill Central
Inspiration Cun ..
Ini Acr Corp . . .
I11I llarv Corp . .
lulerlaii'o 1 'oil . .
Internal Paper
do pief ....
Inl Nickel
1 111 .Mer .Mar I e. .
do pief
Jewel Tea
Kemie Cop
Lackawanna Sled
Lake Krle & West
l.ie Itiihher
I.elilRh Valley
Liiiir Island
Loose-Wiles Itiscl
Maekny Co
do pref
Max Motors . . .
do 1st pref....
do 2d pref . . . .
Mex Petrol
.Miami Copper . . .
.Mo Pac w I
do pref w 1. . . .
Missouri Pac
do t c
Mo Kan & Tex . .
do pief
Nat llnnmol
Navada Con .
N V Air Drake...
N V Central
N V N II A II . . .
N Y O & W
Nor 1 South
N01 f WeM ... .
I!)
S
3.1
I!)
RS
48
1A
i'.k
8
4-i
13
in
Hi
88
34
18
411
4S
814
4i
1314
4 I. Ill
4 14 I 14
ma
i'i 6 1.
DS'.i
U8
1)11
III
NEW YORK BOND SALES
J3000 Albany i Hush 3'ia
S8IHJI) Aran Aar 5
IIISDUH Amr Col Oil 5 . .
tmiooii A iial"-French da
3S0IM) Am ForelKl) Sec 5
0.101)11 Amer Tirl fit 4 . .
IStlHH) ilu Qh
itsoim Amtr lc
131)00 Armour ll 4Va . .
tiUDOO AU'tilnon eeo la
1000 do cv 4a moo. . .
IM11011 A I.lno 4!
llllill .In lat l ...
I1100 Halt i Ohio 34 a . .
22VOOU du Ba
'.'noon 1i 4a
1UI10U
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. i)sU
t)7t
U.I
. 1)71
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us'.
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US'
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l)L"4
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17S
US 4
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1)4.
nut.
HIS 104H 104S
U4
on
t)3S
1)34
11)1
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tutS lots
HI 113'
do cv 4Si . !
Hlllll) 114(1 P I. 4 W V 4a. hUta
ll.l.
till
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tots
11:1s
till
btl
DII'.
son nth stei rra a ...iij ': ;
llroou uap-iroa ntio.n"t-a iw a ,;:.t
Refill
IIIDII Iluat) Term lliaa- Da.
100011 Can flow 3a 1VSU.
ttOill) ilu 3a 1U31
1001) I'al Ota & Eleo Sa .
1000 Cant IU cona 3a
boon Cent l.athar lat 3a
13000 Cunt l'au Sh I. 4a .
HOOD Cora & Ohio cv 4S
SUM) ilo IVil
JUOIliI Jo conv Sa
loin) rhi ct Wear 4a. . . .
Ifcnnn Chi A. Mut .lh Ra 1UN7.117
6000 Clit II It U Joint 4a . UDS
7000 Cht II 4 U 111 4a. . U7S
J 1000 Chi M 4 Xt l i)v 4 U3S
3S001I do rpl 4Vi ai
30000 do conv Da.
S000U lo 4a IUSS
inooo do cv 4
7000 do aan
1)01
UUa
till)
I00'
IUS8 .
JOOOO Chi M & pa i'i- "
lyw 4,ut o t ,
87000 do Sa on ata 73S
38000 do 4a h
1000 Col 4 Souta lat 4a . HIS
2S00U do 4S M.
ouou city of Varla.Ka .. . . unS
10000 Dal Hud 4Sa 101
10000 Uan Kto Q 4Sa .. .,
3000 Datrolt United 4Sa.. 8414
1S0O0 DU 8cur Corn 5a .
16000 Du Poot Yavitt 4Sa.lU4.,
8000 Erla conv 4a ear ii. eS
soon Erla prior 4a.. . . ui
3000 flan Elect 3Se
10000 Hud 4 Man rfd Be
3100U III Bttei dab 4Sa.
10000 III Central rfd 4
16000 do 4a t3I.. .
ISOOV Inters Ml 4 V, a
llooo Interb H T rat 3a
14000 later Mtr War 6e
VO'.a HO'.
iia'. .
11111'. 100
)IIIJV, liillf
loss loss loaS
111. iii iii..
h7S 8S hl,S
vas U3S
US', 04
73S 73S
1I8S 117
USS OK',
l"S U7S
U3S U3S
7 U8S
loos loan 1011s
Ul OSS B3S
100S t')0H iuoH
Il)4a 1UI lo-l
t3S
U3S
III
731
1000 Intarnl Faoar fta
SOOOa Japaneae 4Sa
8000 doiuwO.U4Sa
170C0 du saw 4M a . .
1W60 I-iclda qaa rfd Of
nam Wf t. t
80
s
U3S
114
MS
73
in)
4
09
88 S
?.
.:
II3S
ns
la
Its
U4S
tv8
104
8SS
B3S
80
I18S
U3S
Ut
MS
U
1)4
S
aS
w
IDS
1I3S
IIS
13
hS
U4S
811
UUS
101
DO
84U
US
104
08 H
87
HI
si
U4
??
vs
1)4
Hit
.at
98
09000 Slu IVi' Il I) I
S1IO011 ilu v 1. r.a tut7 .
3001) Montana Powrr 3a .
limn X V Canal 4a . . ..
ISliilil N V 1 '-it 1: col 3!,a.
180'di N V C i II 3Sa ...
linn) no ton 4a . .
.'111111)11 do lia . ,
S70II') do 4a
Ulioisi do 4Sa
SHOD N V Clu 4a 1II3U. .
1)001) ilu -Pin ltlllil . .
10(10 do IS a 1U83
3si)iin du 4Sa luil,'i
.'lOOII do 44S 1VHII
11)0011 .V Y (lua II 4 I' 4a.
3IIIHI X V N it 4 It 8a
SOW) .V V Kiey raf 4a .
HOOil N V Kill mlj r.a .
ISSOOO N Y Tl arn 4Sa ..
Slllioil N V W l'-4 II 4), a
llllillil .Nort 4 al I'oili 4a
S40OO do 4a . 4
14001) Nor I'm prior 4a .
ilo call 3e
llle-h
117
urns
100
1111
7US
8S
H7S
113
1131,
llb'i
10l4
101
I IDS UUS
1IO.S 110'.
ll)5i 1II&S
8(11. 8
II HI lull
TI S IIS
I DOS 100
73'4 75U
Ul4 U1S
U(1S UUS
U3S B3,
Ubl .LI'
A2S
3 on
Low p m.
liS 117
lllllS llnlS
100 Km
IK
Sill,
eil'i
87 S
llS'J
1I3S
UTS
Kill,
3S
111!
70S
silS
87 S
'u3i
UhH
101s
1114,
110S
1 to V
l(i5S
811 S
lliK
SIS
s
1011
75',
U1S
ua'i
u:i'a
r.llllf, .In iru ', UUS UCI.'
""-' " .," " .0.4 ,,- PB
r.ooo Ore Short I. lat 8a . . ()AU toss 10). S
S800O Ore 4 V It 4 N 4a . 87S 87U 87S
.100(1 I'ao Til Ci llll'I lOlS lilt!
1000 Puma 4a 1UID .. . luO'I 10IIC lOO'I
3000 do en 4Sa . . . 107S 107', 107S
S3()0ii do 4Sa lust . .. los'.I iosi,: ins'!
11000 Public Serv N J 3a
340UO Iteadlna sen 4a
2000 Heu Ir 4 SI I 5a
SSUOil HI11 Ur 4 W let 4a 83
1000 Itv Mil borlnaa na 'SI. 100
soon si 1. 1 iu a n :. 103
us us ss
uaS utS on',
au uou u(l'4
ins inos inns
H3 ssI fca'i
20000 SI I. t S F Jt a
440OU da 4 a Her A ...
hSOOO do Sa tier II . .
S00OO 81 1. Hwn 3a .
SOOU St 1 31 4 M 4Sa
4000 Mouth Hall Sa . . . .
SOOOO South I'ac iv 4a
13000 do rfd 4a . .
Soono South Pac cv Sa
3000 bouth Bwy veu 4a
3S00O do con 3a,
1000 Taiaa Co cv 8a ...
1000 Trl-Clty Sa
1000 I) 8 liukUr a
1000 Union lias 4 P Sa
S7000 Union Pac lat 4a
8000 do rt 4a
4300 do rfd 4a . . . .
30000 I'n llwya 8 K 4a .
3$0ou U K O II 4 I Sa .
14U0OO do sSe 191U . .
ft&OAO Vu ttuia 3a . .
4t00U Wb-P T lat ct f p 4a 3Sj
IlkfUII W..I KlaLtrlc fia . 1USU
4000 Weat tlbora 4a USS
I000 Weal I'olou 4Se us
300U Winon ceat tn 4a 88S
6SS 8SS
' ions 100V,
S 103S IMS
7S
. 107a 01.4 juu
. Mil 8 sail
70S 70S 70S
i'i iuu tun
.101s 101s 101s
88 1,71 88
U4S SIS U4S
.1031 10I; 1(U,
. TOS TH 7S
lOSS 10SS 10S
. KlS 1IM1 IDA
.1U1 101 101
1031 103S H3S
. OS A3 US
100 9DS ino
03S
87S
S7S
B7'I
1)8 S
loss
0SJ
08
asS
U5S 84S
UtS 03S
37S 37S
)a ui
H "s
S H
I 83S
S 102
H 02K
07S
ses
08
eS
BAH SILVER
TJy. Tja4
ut
Friaa
Wi.
T8S
II .'I. 1,
3(1
SS'S
S3
34
.IS'
33'.!.
I II 8 '.J
1IIII1.-I
8lli.
.",4
111)
I Hi!)
3(11 1
II I.,
I 111
103 (
Kill
1X1,
HS',4
13 In
II!
101
is
S3
8S
S3
4lil',
8 Sli
S3 16
4.11b
SS14
31
S3'.i
811 14
Hfl'.i
.VJ'.a
33',
1 115 Ji
41 U
3ta4
3U'.'a
I31h
1. i
0
1 8 14
ss
sir,
143
10111
4B,!4
S8
S814
13'Mi
1'Tlh
3 1,
381,
8S1.
I'.'l 'i
ISO',,
811",
IS
30 ',',
!
Ml.
33's
13
37
I '11)1,
SI1
fll"',
III '4
11.1 '4
3rt
SS
31'!,
IS',,
33',
HIS!
11)11
811 li
;.is
H!l
I 13 '4
33
IS
I .' I ' 4
1 03 Is
Hill
:,n
13 li
83',
13
II
103
ID,
S31
SH',
S3
13',
83
431,
S3 '.4
r,
'.4
su
ii
M'l
HH", . '4
IS I '4.
IS I I
Him Hi
4S',4 '.S
3111, 1))4
llll', ',
43'S
S3 k
1314 ' '.
3S'h li
ISII.1', li
SIT, li
(ISH li
t 14 ' 14
!).! '.
S3
us
IS 14
33 14
IIIK
IDS
811',
35
81)
llfl
331a
I't'S
IS II
I31h
I HO
3(is
1 3 ',4
83 '4
I314
II
111
11
SI Is
SI) It.
S3
15 1,
84 S
S3',
131a
14
14
14
Hi
14
1 U
Hi
I s
I'i
1 Vi
:s
"i
Ti
I 14
31
S3
8!)
nsii
311
SI 14
.1014
103V,, lilt
4ta4 40
31
311 14
I.V.i
I3H
8'5i
I8!i
31
S5
80 '.v
mil
35 m
11
n ii
31
3Ui,
131s
I3H
II
1814
I'a
I'i
I
Ti
Mil
143
hum
4(1"i
S8
3814
3D
Nova Scotia Hleel. IHl',6
North Amer ....
North Pacllle . .
Ohio cities (las.
Owen Hot Maeh.
Pac Tel & Tel...
Penn.i It II
Peonlo's (Jas . . .
Pitts Coal l v. .
-M li
113
HII
45
'48
8 14
13 ISSOi
11314 M014
no !)
108? 1113 14 108
ins 1110 1011
Sli 5 ? ,VS,
,13 33 33
5fl4 3I!4 3d '.i
III III! lilt
48 IS 10 li
Pitta Kteel pief..lnl4 nil 14 loll,
S3',i
4U14
100
SB 14
08 ',fc
S8
7314
4014
100
SflTi
00 li
78!.
10414
SI!
IS
3511
ass
. .143 14 1SS14 ISS',4
. . 8'!i 117 83
. . 07 OKTi
81i
1414
30 ',4
4014
I I
-rS
Ti
1-
1
- 14
li
4 li
'' i li
4 s
ii
-1 Hi
t li
Pressed Steel Car. 73
Hail Steel Spring, sn
do pref ton
Hay Cons SO
HeadinK ODTi
Itepul) I & H SV4
dn pref lot 14 11111,4
Sliat Copper Srt'i SOifc
Seaboard A Line.. 17 17
do pref 37 Ti 37'',
Sears Hoelnick. ...SS7 sss
do pref
Sloss Sheffield.
Soulh Pacific.
Southern Hy..
do pref
St L& S Kran.
St .L aV South pref BOli
Stulz Motor 51 li
stuilehakcr looii innj, 10514
Tenn Cop & Uh t v ll',4 I Hi I4H
Texas Co '43!i SSSli 130!i
do full pd IS'.i ISli 17',
Third Ave 4514 4.314 1514
Tobacco Prod . . . 33", 35 33
Tol St I. & W t 0 774 7 7Ti
Culled OruB 73 71 73
Cntteil Clc MfK )fll)8!4 11)8 10814
I'nlted Cik Stores. 10014 10014 10014- li
Colon Pacific . UJIi 11314 I434 14
tlo pref ... . 8I14 83i 83 )i
I' S Undl Alcohol. 18 Hi U814 M8J4 f,
.10'Ji
on
S3 14
98Ti
30th
0
S3
30 ',
5 Hi
t !ti
4- Vi
1 V4
Ii
Hi
t
li
SH
?li
r IS
Sales in Philadelphia
lllBh. li"-.
134 AlllA Ins . 01i 0',i
13 m '(" l'4 "
In Am Ilvs pf 7 07
nil Cnl Peliol. Il'i 2lti
II Ulee Stoi . noa, on ',4
311 title 34 31
II flen i:iee. IH8lM 108',-i
Inn tlr Nor lire
elf .. .. 3.VH 3314
.111 III" CoN A 'J114 '4'
3D Ky Pv .31 31
033 l.k Hill' C. HlVs ID
3 l,eli Nav. ,81 t
J11 Mlnelilll 'ii 'dllJ
lint Pelilia It I! S6f, 3',4
t Pa Hull M . H3 1)3
15 Phlla Co 41' 41
311 do einn pf It MM
SSS I'lllht Klr .IS',4 33
Sosrt PUT tr efs ,11'i SI1-
iii3 Henri hit. . . "1)14 ""-N
Nl
hi".
li
l'tn(i
snii
ISO
ns .
34'. li
fldVi '.i
.IS . .
I(t8(i H
ami "
!S14
31
lii "5i
81 '
50li
3(1 i
113
41
I'
33 Vi
3 I'i
1)11
I'
3d
T Mill. JISI0.M3-IOS 13.1(1 Vl
Illil T Mln.. .aft. in
Illil fit True. . ISli I'll
In I'll O Imp. 80? snii
38110 I H Steel 113 HIV.
311 With Pf II. '4!' "
73 War I & S 14 '-4
1.13 Yolk Hy pf 38 3S14
Ms ilUltlend
IIII.MIo
Itlali l."
13(10 A UAKI s Ddli 'i
(1
IS's
811 Ik
llls
'411
14
38
I'lns.
nt 1
VI
li
3110 Cllj 4 -in. IliS li l31s H'UVft
.lun do MH reK 103 1113
lino iliia'in .it
Net
ituce
U S Healty 13 is 13 Vi
l S Kxpress SHi J si li
I'n Hwy Inv pf ..SI so so 114
I' S Itubber 31i Bin 0'4V 4- "i
da Ut pref 114 II Hi Its ,
I' S Smelters .... 0314 03 0314 14
I' S Steel llS'i 111 m6 t- 14
tlo pfd ISOli 140 ISO
Ctah Cop 10391 I04!i 104i ,(,
t'tah Sec Sli SIi Sl4 t V4
Va Car fhm pfd. .nu 110 110 I- i
Wabash pTd A ... 34 14 34 H 34 Vi
do pfd II 59 S84 S8; yt
West I'nion on U3T. 0374 f li
West Klectilc B3i 33 83V4 4 U
do rights i 14
West Maryland .. mi SBi S7ji 114
Whel iliBwI. SI 14 SOH 3074 4- li
White Motor . . .. 414 49 4BV4 I- li
Willyv-Overland... 80 14 3374 30 t 14
Woolworth 114 114 114 t- 14
Worth Pump .. !i S14 SOU , if,
Ex dividend Iniplratlon Copper. 2 per cent:
ntteburch Coal preferred Iruat cerilAcatea, IS
tier cent; American Beet Sugar. IS Per cent,
Ksatman Kodak company. u New Jeraey. 10
par cent.
DIVIDENDS DECLARED
American Navigation Company, quarterly o(
3 par int. payable January 0 to atock sC
record January 8.
Uanerat Ordnance Company, of Derby. Conn..
IS a (hare, payable January SO to etock ot
record January IS.
Thomaa (J. Plant fomoany. regular Quarterly
of IS per cent on tha preferred etock, payable
January 81 lo coldara of record January IT.
Naen Motor Company, regular Quarterly of
IS per cant on the preferred atock, payable
February I to etock of record January 30.
Electric Bond and Share, regular quarterly
of IS Per cent on preferred, atock. payable
February 1 to atock of record January 17. god
regular quarterly of 3 per cent on tbe common
atock. pa able January 13 to etock of record
January IS.
Granuiated Sugar Quiet
.NKW YORK, Jan. II. Fine granulated
iiiamr continues unchained, btlng- quiet at
9.75c by alt refiners. Tha tost sale of spot
Cuban rAs was u 6.33c
111:1
reR . . . !"V9 ""va '"'
Imill Ulee . Pen
Tr 4 . . 83 83 8.7 1
S111111 Kev Tel 1st
& 1)714 H4 ' ''
.i,nn l.k Klip Ilin
t 31 1,6 3H4 H4 'A
Slionil l.eh V eon
iSx -ns. ml M 1111 Vt ii'H ;
I nun do eon"
4U8 I Mil
reg 10114 ll V l"H4
I nun do linn li
iB ..ll I'I" I-'"'
311110 Nnl Prop
4-B ... 88 (18 08
301111 l.eh Vnl let
I of 6. . 33 IU 1)3 .....
Sinn) .Maiket St
111 4. . . 1)8 1)8 1)8 .....
.Mum Pn (') Ken
1 Sjh ...101 ml nu
sunn Pa A Mil
Sieel ll.x. 108 108 1118 ,
Soon Pub Serv C
N .1 tin. . !)S '4 4! IIJV4
Son I'll Kteis tiK.lilrt'.'j Hill 14 li14 Vi
3IKII) Head u l hip's !!ti I'C'S -i !i
llllill Itend-.ler
Cent 4. US DS !S I (i
Siioii Span-Am I
liH IDS IDS IDS -I li
Union I'ii Itwy
tin r. S3 V S3 14 S3 14 I li
I loon Vork l!w.
I ML Cn . . Ill) III) U!)
WHEAT ENDS LOWER
AFTER EARLY .JUMP
Action Is Disappointment ,to
Those Expecting Higher
Prices on Allies' Note
(ilt.MN ItKl.T Vt:.IIIKIt lllltl'.l ,W'
t'hli-cii, .Ian. IS. '1 lie Heather forriii!
for 8(1 Iioura follows:
llllnola Increiislng oiiillnri.s nml h iiriurr
ludiiv, rnlluueil li.) siiiiu lids uftrriinitii ur
lonlclitt Nutiiriltlt snow mid hnirll tnlder.
.Mlaunrl lni-rrual)ic Moodiness toilil. ful
loMrer by snow north, mow or ruin south
tlila aflernoon or tonlaht. suinrulittt mirmer
south nml east) ii!uril.iy snow anil ,le
ililiMlly coluer, cold hiiip nortloiesl.
Wlsronsln Snow und not inille so intil
todnyi .Satord.i) snow mid 1 older. Int'rellsliic
eiialerly winds, shlftlntr to niirtherlv at
urdny. Minnesota Snow lod.ir colder ttrsli Snl
urduv nurtly rlninly nud colder.
Iowa Snow todnv ))))il ornlinhlr Snliirilm.
sllehtly wurnier todn enst i,nd crntriil.
followed by luurh cnliter tonight ur Satur
day! rold wnte uest Suturday.
CHICAflO. .Tan. IS Tho notion of the
wheat market today was keenly illnap
pointliiK to ihofH who favored hlKher ipio
latlnns iih the tesult of Ihe reply of the
Kntcnle Allien to President WllBon'a leceut
note. Prices opened stronger on fairly
Kood biiyiiiK. hut they promptly weakened
and suffered sharp losses, alliiough there
was a leoovery fioni Ihe botloin. A Bleat
deal of wheat was Hold and the speculative
temper anions laruer trader appealed to
be bearish.
Quo thine that counted iiRniust ami up
ward movement wns the fact that shoils
weio forced lo cover on tbe ndvanco yex
lerday. Inditntlou was In evidence that
foreigners were xeekln? either tbe cuvli nr
tlelo or futures. The top uuotatlons wero
established nt tbe outset.
Atav sold at $1.90, Inter declining at
St. 83';.. nud endiiiK at J1.83 lo $l.81,,
nKaln.it Jl.S7'4. nt tho close yesterday.
July, after selling at $1.63. dropped to
$1.4811, llnlshlnK at $1.50i t" $1.50.
against $1.BU,,. yesterday's last price.
September, after sellhu; at $1.38.7,, fell lo
$1.34, closing at $1.36, or Saic below yes
terday's final quotation.
The Slodern -Miller lepoited snow and
precipitation over a wide area, with lower
temperatures In tbe whiter belt. Kansas
has rain and snow, hut needs more subsoil
moisture, which Is not up t noiiual stand
ard In this respect.
Iadtnc futurea ranged
High. I
May.. t till t.n
July.. 1.63 I 33
Sept.. 138", I 3SS
i:orn mow ucii,rr
I.S8S
1.48'a
1.34
fullowa:
Yes'day'a
Cloae. close.
1.83
1 .'.US
1.33
1 hSS
1..MS
1.3IS
lili'.a
US'i
38'.
53
-May. .
July..
Oala
May..
July...
i.aru
.Ian... 15 fS
May.. Iil.l")
Julv.. 1H 15
IMb" .. F
Jan... H 3d
May.. IS.nu
Pork
.Intl... S8.3II
May.. S8.30
Hl.l. tAaked
IIIOU
uss
MS
63S
HIS
mis
.'.II',
33S
13.3S
1(1.113
tfl.SO
1 1.117
13.10
t.1.45
I.VDII
111 113
tl.311
14.117
4II7S
1)11 S
3S
ni
13 3T
III.OS
I (ISO
14. (If
415.10
2n.uu
S8.BS
OS'S
IDS".
15.15
in.tis
4KIII3
II 311
til 1)0
tis.-r.
28.13
UAII.ROAI) KAIt.MNGS
CANADIAN NOIITHRRN
4117 Increaae
Firal aeek January tr.BK.7iin I57.K0D
Prom July 1 22.230.200 4.337.30ir
DcSNVKR ANl ItIO (1HA.ND1-:
Klrat week January. .. . SMU.i'.uo IH'J.ioii
From July 1 14.671.083 751). OSI
flttCAtlO OKKAT WESTERN
Flrat week January.. 4S70.8S)) STS1
From July I &.bD7,utJ5 1.043,483
AUIlOltA, KM! IN AND CHICAnO RA1I.HOAI)
November troaa ... it(!8,t3S jll.lnil
Net 4I.O0H ea.Tas
Survlui 4.723 5.2U5
Five montha' aroaa..... C3S.95S 03.161)
Net alB.KSII 15.883
Burplua 103.823 8.80(1
NEW TORK COFFEE JIAltKET
NEW VOHK, Jan. 12 Tbe market for
coffee futures opened very active and 2 to
4 points lower. Sales on the call were
estimated at 13,000 bags.
Today'a
opening.
January
February
March 8.6009 ,00
April
May 8.7308.78
June
July 6.80O8.90
Auguat
Keptembcr 8 9068.91
December S.lu
I'eeterday's
cloae.
8.S588.76
S. SI) 6)1.1.2
8.83Q18.O0
8.H8$8.S0
8.fis8.l
8.B7B.90
D.02OU.01
079.09
812S9.14
NEW YORK BUTTER AND EGGS
aradea Brm. All other srad.a
Bay. lllaher acorinK. 4oS41ci
NEW TORK, Jan. .12 BUTTER Itecelola.
5am luoa. soma anortaae or freah r ,,,..,
creamery Such aradea Brm. All other srad.a
,,!. . I nn III-...- l i f...J ..
aiauiiiui ..u SS'
eatra creamery.
atlon creamery.
ECiUS KacelDta. 55SU caaea. llm-ltls,) bi,A..
11 trait) etaa and market hither. Morale alaa
huiher and firm; eatraa, 535uc; eitra flrata
sic,
52c
IIH... uhlla mil
inlaed color, Mt36c.
LIVE STOCK .QUOTATIONS
CIIU'AOO. Jan. "HOgs-Recelpta. 88,003
headl market. 10 lBo hlaher. mlied and
but. Hera. lv.:30IV.8U good heavy. I10.7U&
10.83, rough heavy- 110.33 10.BO, light. JloS
10 aO:p!ga. 8.7iB9 90: bulk 10J10 7o"
CATIli. fUsalpU, 2300 bead market eteady,
heevM I3.2301! 80. cowa and helfera, 11 2SO
lft.BO: atocliera and feedere. 1398 6u. Teiaua
Bth B?jfFrgr , swtss. ssj naaiai LnaTKaaaiaadjr
trawstt r.F.RTIFICATES CONTINUE
UPWARD TREND, BUT TRADING LAqI
Advance to New High Mark, Then Ease Off Silver Pri
Are Lower, but Condition Is Not Abnormal
at This Time of Year
up a small Traction in ihe enriv , .
lull later II was quoted uinhnnted "J8
to fl"JA,!'ri4PH ' waattru. i3.9O0lO.gT;
4va. ev ?-..
When the I'lillatlelphla Sioeh Kxchanee
plnsnl veslertlay nfternnon It was tbe Rn-,
ernl eipeelfltlon of tlue In the "'''
nmt on the MclmtiRe Hour thai Philadelphia
Itapld Trnnsll tfUH eertllli'illes would i-iiii-llime
the Inn.-t tirtlve In the IrndltiK K"lnv
nnd tlmt the prleo would h inrrled nhitia:
to n liliiber level. This oceurred, hut Ihe
turnover In this l'ue. in well as In other
lochs which came nut on the tnpe iIiiiIuk
Ihe liny, was nn a' reduced scale, as com
pared With previous dnys nf the week. The
list In the tnnriilnpt compared very fawn--nldv
In point of Hcllvlty with recent ses
duns, hul III the aftettiorm tery little? wns
done.
Tho opening transaction In trnnsll cettlll
ealee wns nt 3 IN. which represented an
overntRht Rnln nf la.. "I'd ff)m "'en on tbe
mice wns advanced until 34 "a was reached.
The Inlter lltfiire-uas a IiIkIi insrk on Ihe
present mniemeni nnd ar.o the best price
since IHOIt. pront-tnUlmr. put In lis np
penrance at the mil. as wns lo be ex
pected, there brine, many In the sli eel
who Rot In nl 11 lower level nnd bad 11
rjrmtl prollt. for Hie remainder of the day
the oertilicHles continued nt 11 small fiac
llonal Rain as combated with the (lint I of
Inst night.
NolhlnK new was heaid In the slreel te
KnrdlnK Ihe iictlnn of the dlieetnrs on Mon
day (ill tbe dltldi'lld question. .Mote people
wete of the opinion that n distribution
would be declared on .Monday nnd that
It would be nt the rale of 2'i per cent.
It until that this would be paid mil
of enrnlni,'.! of the last sit months nf last
year, or that period from July 1, the be
Bltinlttr? of the company's llscnl year, lo
Ihe end of December.
While Liiliw Superior t'oiporntlnii stncU
did not do very much in the irailltiK, jet
It compared mille favorably with several
other Issues on Ihe list lis Tar as Hie total
turnover wns conietned. The price was
to s or the i.inmanj ,od "r
MihiKs were ntlsfaetorv M
s caused n delnv in ,"., $
e tvM, new steal ,;
led ht the tmlt
n n few w,ek, M
of Ihe dlleclois of tbe
that Ihe ea
wenlhef hit
structlnn uoik on Ibe lu,
naces. but It Is espeel
...III l. It, ...1A...II..H I.
win i.i- .vi n.x.n 111 it lew weeks ti
neM IneellliK of the dlrcrtnia 0f the r1.
Hhlpbulldlntt will be held en January ?,
nl which time II Is understood that ,1
tun vscnticles In the board of dlr.V,i
will he tilled. '""
Atlenlloti wns called tndm 10 ihe .i.j-1
litK of sller pi ices in the lam few a'M
It Is pointed out that this is not uml
at the lieKlnnlng of Ihe ear Tha. unoiaS
tone conllnties tlrm. howee and th. lia
cent older Issued by the llrltish fldv.r8
menl iiKUlnsI speculation in the while tnVbfl
l ronsideied by sliver Authoritlei (0 nvl
Hint otllelal elides in tireat Urltan ,,M
taken cognizance of the exiiaindinary toSJ
dllloti" tendlliK toward binhei ih 31
hj endenMirliiK to i-mli artificial nccel.ria
lion of the upward tiend 3
I'lecedlliR the lecetn iiiiii.u reiluriie. tl
silver ipiiilallnns the pi ices remalntd 2
rhiuiKed for elglit consecutive days riwS
11 fair aliime of tiadliiB This pecJuf
circumstance is nltiibuted to the perfecty
of the iirranKement wheiebv iireat Brltafnl
Kmnce. Itu.s?,la nnd Italy are niaklni il
Ihelr silver cniunillmenl iloiniEh a DU1J
pool, thus eliminating cnmpetittte bUliiJ
nnd pieentlnK abnounnl incieases In stlrea
prices. I
As iireat llillaln Is tbe guiding rprg
of the puichaslng comhlnatmn the BrM
itiiverninent now .controls tbe export sl
Olipilll III siiii-i in Hie c.inenip uailon, tfi
well as the Hrltlsh rnlomei For thin rati
son silver experts believe that every ponilkla
step will be taken In London to malntilu
low silver prii cs In this belief they iS
borne mil by the older againxt iimuIimi
In sliver bullion 1
HANKS CAIN CASH
New Vork Institutions Get $U,o8T,84"i
on Movements of Money in the
Last Week
NKW Yllltlv. .Ian 12. Irrespective of
the gold Imports, appioxlinatlng $50,000.
11(10 since the close or last week, the fealute
of Interest in Hie Immediate monetary posi
tion Is tho large gain lit money indicated
from the Intel lor movement. This Is true
lo form, and Is noteworthy only in compari
son with the small leceipls or cash from
thu country In 1 event weeks.
The known movements or nionev for Ihe
week ended with the rinse of business yes
teidav Indicate n gain In money by Ibe
local 'bunks of $1 1.387. 84".. but III reality a
much In titer inciease should be shown.
ll.ink.M gained net fiom the Interior on
balance $12. 174. 815. and gained fiom the
Siibtrcusiny $5,105,000. :i Intnl of $!7.G33.
815. Then' Is lo be deducted $3,252,000 net
ctedlt or the New Vork Kedeial ltesene
Itank nt the Hearing House.
Tomorrow's actual bank .statement should
show a considerably latger gain In money
than thu average figures.
MONEY LENDING KATES
K VOHK fall money is nhoiil as
low as nt Ibis time lust year, when it
vetged on the eMreme low lecoi'd: but
time runds ale still fractionally higher than
in the second week of January. 1916. This
is 11 distinction rather than a difference,
ns the Immediate monetary position Is unite
easy.
Industrial loans and prime mercantile
paper rule at 3 4tfi Pf L'CI"' tio0,,
mixed Slock Kxclinnge loans are nominal
at StfiS'a per cent for fiO days and 3(tf3's
per cent for 00 days. Money for 4. li and
li months Is it3".! per cent. Tbe demand
again focuses on Industrial loans.
Prime hank acceptances are nhout 'i
per cent under tbe rates tilling a week ago
at 3iff2a, per cent on ellglbles and 3 Ufa
2!1 per cent on ineligible.'.
'all money opened today at I , per cent
IMUI.AIIKI.I'IIIA Cnll. 4 per rent.
Time. Iiffl'j per cent. Commercial paper,
tlneo to six months, HH'i per cent,
for lending and renewing.
FOREIGN EXCHANGE
NRW VOHK, Jan. 12. The feature of
the foreign exchange market today was
strength In sterling. .Demand rose to
t. 75.800 1.76.85. Cables were better at
4.7U 7-tCfU l.7C',j. Long sterling rose to
llio highest Agincs In many months, 4 721,;
for 60-day bills and 4.70',; for 90-day
bills. This Improvement In sterling was
attributable to the easy money here and
in London, where quotations were loweied.
Tbe other markets wero dull but steady
without other noteworthy features.
Quotations were:
Krunc cables 6.83 (i. checks 5.84 '4.
Itelcbsiuark cables 70 1-16, checks 70.
Vienna cables 11.52, checks J 1.50.
Lire cables G.92, checks 6.92V
Swiss cables 5.01. checks 5.02 li.
Kroner cables 29.32, checks 29.42. ,
(lullder cables 407a. checks 40 1 3-1 S. '
Peseta cables 21.40, checks SI. 25.
Itublo cables 29.40. checks 23.30.
In mldaftcinoon the general market a
dull and lower, steiling and francs being
exceptions.
HANK CLEARINGS
ll.llik rleurtttga toil4 tomp.ireil Willi lorre
apondlnE llay Ijal iwo eara:
IHI7. 1013 lHlil.
Philadelphia .'. 1 fllMilOH I.tR.liSil.v j !21S,.163.3H
Uoston ... . 4'J.(1S0.J3J .1-l.8Tlt.3S4 S7,333.'.'3I
New Vork . 5SH.K31 303 4t.O,068.8tll "Sli, 1 "... 182
llalliinore . 7.01)11,133 lUV.'.nlll ;
Mi Loula .. 2t.32l.ri3l Ul.lHl.'.'ll) I.1.IAU.231
fhlraao .. 1)8.1117.(170 U0.39I.II14 30.214, .'97
ANNUAL KI.IICTInNH
TSSOIJIKST HANK IN AMKIIICA
3? THK ll.VSK III' MJItTII AMKKICA
(National Hank)
' Philadelphia. January II. 1017
Al Ihe Annual Llertlon. on the tth bittanl,
Ihe following named Ktockholdera were elected
uireciora 01 una uana. ior ine enauina vear,
vie.
.William f. Wtnaor
l 'liar lea II llariiliiK
Harry U. Mlchener
Lincoln K. Paaamore
John V. Pearce
John P. tlreen
tieo. Fates HaV.tr. II. I)
N lis era Filler
Chrlatlan C. Feblaer
lovveii t. umnonaa
W. rerrv Slmpaon
Waller II. Roaamaaaler
Charlea n. Dunn
Horace K. Hmlth
Harry S. Ehret
Rdward F. Henaon
Theron I. Crane
Orahama IVood
W. Klrkland Ilwler
Will am h- lliH .
And at a meettnir of tha Dlreitnra h'iA ,ki.
day. the following ofricera were unanlmoualy
re-elected .
Preaiileut. Harry O. Dlichener
Vice President. I'harlea II. Ilardlnr
Vlct. Preeldenl, Samuel D. Jordan
Caahier. K S Kromer.
Aaalalant I'aahier. William J. Murchy
Aaalatant I'aahier. Richard H. Itcldnle'v
Aaalatant Caahier, Charlee II. Prlnei 1
Aaalatant Cashier. C. A. Mcllheniiy
H. 8. KROMEn.
jTIIK oBNTRA,bNoyAl; 0
January 1 ion
At the. Annual Meetlna- ;t ihe Siocahlldar.'.e
thla Hank, held January 8. 11117. the followtJi
aentlemen tr elected Director. fjr tha an
auluK year: "
OEORnR I1URNHA1I. JR
WILLIAM WOOD
CHARLES WHEELER
WILLIAM T. ELLIOTT
,,AKLJACIQERa0W'
SAMUEL M. CURWEN
Ol.ARKNCK M. 11HOWN
STEVENS lIECKSCHEIt
AVERY l. ANDHEWrl
J, BARTON TOWNSENl)
C. FREDERICK C. STOUT
BENJAMIN RUSH "uu
WILLIAM POST
JOHN II. MORUAN
At a meetlni of the Board of Dlrectora h-M
thla day. Mr. William ,T. Elliott waa i.i
inoualy ra-electid Prealdent. """ " unant-
WM. V. CONRAD. Caahier
HiJpTHlKI) NATIO.VAL BANK ------
T. ., .. Philadelphia January 11 ioit
At a Meettna o the Board of DfP.V "'J,.
thla day, th. followinc omJar. weJ.'CrJ??i'..7!4I
Prealdent. LEWIS it. I)i"k' w" -taeW4:
cML?FF,gOO,lD0BeRTS
COTTON ADVANCES J
ON ENTENTE N0TE;
, i . ..... i
aUivurpuui xiuunua vif nmonj
Best Buyers Wall Street and
Southern Interests Purchase
COTTON lli;i.T UKATHKK CONDITION S
NKW VOKK. Jun. 13. It mtTj A
i irnr imi i'imu uiruuinuiu ine ouon w ,
thU niornlnr.
I'lir rolloutnc truipprultirfr. wtrp r
m riled: llnlelsh. Knoitlllf Htiil Nathflltf,
IKt Nuahilllf. 50l Maron linri Wllmlnrfa..
Tit Ulrininciiuni nnd AiiKUKtn, 3li MonUsa. M
lun. !! JiirkHotivlIlt. 30: Mckftttarr. rm ,
Smith Rnd I.lttlf Nfck. Z'it .Mobile, tit I
a cinnmm ibiiii iiiitiiiviii - "invuia j
City, 40i Neiv Orleiiiia. . Fort .Worth lit 1
Del Itlo. I!l Snn Antonio nnd tialTtlles, '
KB '
There waa .III Ineh of nrtelpltath. it jl
linoivuir nun vviiiiiiimion.
NKW VOHK. .Ian. 12 In ihe face of tl
fiiinnesm of the Kntento note prices on
Cotton Exchange opened 1 to 13 po
higher, with Liverpool houses amonj Uf
beat buyers. i
There also was nupport from Wall Un
and Southern interests ami ronsiderablj M
cal coverltu? in expectation of bullish wteU
end statistics. j
Offerlnits were scattered and, after tli,
start, the inaihet acted steady, with prices,
at the end of the first twenty mlnutej 1!
points above yesterday's close. ..
Reactions ot 111 or 12 points followed tie
early bulge as a result of realization i
renewed liquidation, but offerings were
no jnenns ns heavy as they were yesttrdi
niiri Ilm innrket. tinned nn aealn durlri
the. middle of the morning. f
There heenied to be a scattering etuitte
em demand for small list, particular!?
from Meiunhls and the Southweat, Kbit
trado interests were buyers, and coropsr
atlvely little cotton was nrougni. out or in
nesslmlsllc view of tho Allied note. i
As a matter of fact, there were soraiwlij
thought that tho statement of terms III
iicnnrnl u'ritr iii-iu n f1flIH(l Rfpn lUrVlfl
rilllviui "li,' aeaau u a., v. a . .-.,- .-.
in llio matter of, peace negotiations lOj
that the question of continuing negomuoo
was before the Teutonic allies. J
In the, early afternoon the marKet mi
quiet nnd steady, with sentiment appartnl
well divided.
11 a m IS m.
Teat, rloae. Open.
January I". si! IT til
March IS.Ll 18.10
May IV.1S 1H.4S
July IH.37 1K.BI
October 17.07 17. 22
December 17.1)1 17 'JH
Mpot 18.10
IK .1.1
IH.iW
th 111
17 '5
1IU2 4
Ull.V II
18 IM ll
17 32 Hfl
Liverpool Cotton
1.IVKHPOOI.. Jan 12 t'otton futtnjj
wern nuiet. vvllh active months s to J
net higher. Sales totaled "000 balei,
which 6800 were American. Jlarcti-Al
1i).87d, May-June 10 91d, July-AlifJ
10.90J.
Extra for Alliance Insurance
-i'liA AltlnnrA Insurance ComDany all
declaied a dividend of 0 pei cent n4
extra dividend of 3 per cent, both pyiM;
Tl
on January 16 as registered today
-1
II
January
Bond List
This Hit includes bonds Itgal
for Savings Banks, bonds
empt from State Taxes w
bond eligible as security for
Postal Savings Deposits,
Ittues Ranee el yie!d'
U. S, Government . 2.00 to 23
Munieil . 3.70 to i
Railroad . . 3.80 to6$
Public Utility 3.62U.
Foreign GoTernment 5.12 to 7.W i
Send for January Circular
PE-85
TheNationalGty
Company
1421 Cbaitnut St., Philadelphia
Caieai. lumaW
j-ttulwit
Kaw Tort
Bee tea
Edmonton (Cnnada) 5' 19
Edmonton (Canada) 6' W
Southern Indiana 1t 4' l
New Orlean. Term. 418w
Writ tor Clreular od Frte" j
Morris Brothers Col
KeUbilehed 1S3
1421 Cheitnut Street
DIBECTOaY 0T ACCOCKTAKJ J
Cirtltlnl fabll A(anlaal
"tfllftiajiiiili lat ilit