riffll i tfiiUbukM
4
EVENING LBBaER-PHILADELPTHA, .SATURDAY, JANUARY 27, 1017
r
F
n
w
-.A
m:i;:
P FINANCIAL NEWS
.4
RALLIES COME IN STOCKS AFTER
BEARS FORCE PRICES DOWNWARD
'Expectation That German Emperor Would Make Some
fcf Now Pntinn Pinrtoifii TTonrl fn nnnwrnja C1ininca i
'v" v--,v a ujuoiuiuii j ouu tu xycjn gco kjiicvj.3 in
Session Market Professional
""iiiirtii in wiaim iriimi t rtr -r --
e yorft iSTocft Sales
Early
High Points in Today's Financial News
Wall street stock trading influenced by statements that, German Ktnperof
would make some announcement at his birthday celebration, to be accepted
as a new peace proposition. Low-priced miwng stocks active on Curb. Wheal
lower cotton higher. Steel trade conditions aood. $25,000,000 general and
refunding mortgage )M per cent St, Paul bonds underwritten, Philadelphia
iCnir'f ,,,eH l'er ccnt bonds admitted to trading in Unlisted Department
of Philadelphia Exchange. Country's bank clearings showed increase for
week as compared with last year. New York bank statement, showed increases
m loans, deposits and surplus in average, but less in actual surplus.
NEW YOHK. .Inn. 27.
Trading In today's slock market was nlmost entirely Influenced by tho pub
lished statements tn regard to tho expectation that tho flcrmnn Kmporor Would
made some announcement nt his birthday celebration tlint would ho accepted lis
a pew peace proposition find lniiko tho approach of tho cessation of hostilities
seem close nt hand. Tho stocks wore for sale at the opening In TnlHy largo
volume, but specialists In nearly all tho important issues, lllto fnltod States Steel
common, said that tho supply camu almost wholly from tho operators persistently
commuted to tho boar sldo.
t'nlled States Steel common, under this pressure, declined from tut to II3.
but quickly recovered this loss. The Marino Issues dropped off about 2 points,
with brisk rallies before the ond of the first hour, nnd similar losses nnd recov
eries were noted In tho copper stocks and In tho minor steel Industrials.
When tho early forenoon passed without any new announcement from tho
German Capitol there wus n disposition to buy back some of the stocks sold at
and just after tho opening, hut taken altogether tho deallnns on bnth the declines
nnd rallies were m professional In character as to be without slftnlUcnnce and
simply Indicated the shifting of the position of tho speculative eloment on the tloor.
The short Interest was undoubtedly Increased by tho early selling, hut those
committed to tho short sldo generally hold to the view that some development
might occur oor Sunday that would permit covering next week nt lower levels.
The I'nitcd States Steel meeting, to lie held on Tuesday, wus looked forward
to with a high degree of Interest, but ns no authoritative statement has been
made by any olio of the management of dividend intentions all those who Were
concerned on the long side could do was to hope that recent predictions might
como through.
DEMAND IS GOOD FOR LOW-PRICED
MINING STOCKS ON NEW YORK CURB
NRW YORK. Jan. 2T.
Trading on the Curb showed a belter lone thnn was displayed on the New
Tork Stock Kxchnnge. The nctivo low-priced -mining stocks. Including Dundee
Arizona, were In good demand from Strong Interests and retlected continued
accumulation following the news of Important strikes, which have been received
from the mines In tho last fow days.
Tho oil stocks also held Arm, with lluctuntions narrower than on preceding
days of the week. Mtdvnle Steel continued In supply, declining about &. While
liethlehem Steel new made tt fractional gain on small transactions.
United Motors sold off about I point, but Chovrolet was steadily maintained
at around 120. Bonds were heavy, with Russians down . 1,'nilod States Itubber
is were also fractionally lower.
Low.
DflH
tt
0
?',.
2s
SI
02l
IV,
lOUt
OS'S.
I!)i
lot',
It)
tt
10 Mi
tilth.
Adv Hum 1st prof. oo4
AJax Rubber .... tt a
Alaska CJnld Mine 04
Alaska Juneau ... if,
Allls Chalmers . . . ?s
do pref stVA
Am Ag Chcm ftii',
Am H SiiR.ir n.v.
Am Can ftow
Amercnr and 1-My nai
Am cotton tin tni
Am Jlldo & heath I3H
do pref jnVi
Am Unseed in).
do pref ....... M
Am locomotive... tiHfc
Am Stall t c ',,
do pref 4!fti
Am smelting losU tniu
do ufd iirij t,gi&
Am sugar iiau tiVi
Am Tel & Tel
Am Woolen -in in
do pfd .... 901, OHM
Am Zinc aoth .18 b
Anaconda Cop . . R.TVi 3!&
Atchison inm Iflfltfr
do prd !)3t tJO'Jl
At (lulf & W t ...llft lti!
Unldwln Lopu ... nt" MM
unit a Ohio Bitj,
ttethlchem steel .11,1 440
Unrrett Mfg ... 12 1st
Urook tt Tr ijfti :iva
Burns Uros no D
ttutie & Superior. nu"t 40'fe
2? '4
nni
s
Mb
I ii '.ft
. IS(1m t3fln U9i
Nvt
('loe rhK".
nnvi -- 1ft
:; it
o'ft M
tf,
28
8
nsV't Is
1)4 ijf,
my, I
40i 14
iSUi
10U
lt)H ( U
ftS
?,v1i I
'.ft
1ft
-Hi
-I- VI
Pet
INDl'sTKIAl.S
1.1
Ultl.
fi
r.
'h
aper I I is,
I33V6 US
33 h- r.
m. cliino.
AsllU. l.xnl..)
Aetna Explosives
Am-Brltlsh Stfg .
Am Marconi
American Writing
Bethlehem Steel
Bethlehem Steel rights.
Can Car & I-'dy .: 3d. 3ft
' Can Car & Fdy pref Oil 75
Canven Steel 1 " Vi I '4 !n
Charcoal Iron '"H 8
Chevrolet Jtotors 113 1?S
Cramp shipbuilding .... n 8"
Curtlss Aeroplano . . . . IB 'J.1
Kmerson Phnnograph .. 1 1 Vie 1
.Federal Dyestuff SS la
Haskell & Barker Car.. !Si 11'.
irendce Mfg '43 SO
Ivathodlon Hronxe pref . S 3
Laurel Oil & Ous r
lilma T-ocomotivu new . . S8 fid
'Maxim Munitions ' SMi 3
Mldvalo Steel M 5!
.New York Shipbuilding. I'J l'4'6
Otl3 Elevator 8 US
I'oolo K M Co (Ill 85
Scripps-Booth 30
S S Kresge w I 1S,4 13V,
Santa Cecilia '.'rtVi '48
Santa Cecilia pref 58 (Hi
Stand Motors 3i fi'j
St Joseph Lead 18 1!
Steel Alloys 0 UVi
Submarino SI SH
Trianglo Film tTi 3
Todd Shipyards 8 8
United Sugar 35ii. 35!4
United Alloy Steel BU 51
'.IT'S Steamship 54
-United Motors 4314
World P'ilm V I
AVrlght-Martin Aircraft. IS IS
Zlno Concentrating t I '
KAIl.UOADS
Rock Island 389i 38Vi
Rock Island A pref 87&i 88M
Rock Island B pref ;'J9i 73Vi
Western Pacific w I ... S3 S3
- Western Pacific pref ... 5S 35
Wabash Pittsburgh '4H4 S3
Wabasii Pittsburgh pref 5S 31
hTAMIAKII (til. bTOCKS
Illinois SIS !51l
Ohio 393 338
I'ralrte Pipe 338 313
Stand (111 of California. 308 403
Stand oil of New Jersey. 783
Stand OH of New York. .310
fiVi 114
I'i
133
31
is;
it
38 Va
3!) Vi
(10
18V4
uv
SlVa
3
831ft
50V
5
U9i
Tft
1S
39
73M
i.mi-:i'i:mm:nt ii. stocks'
Te. rloto
Bill Asked. IS. I
705
314
3U8
IIS
in;
7UII
sou
Barnett Oil & Has . .. STft 3t;
Cosden Oil A Ctts MVi 14Vi
Costlen & Co I'!.i 17
Federal Ull 5Ti rt ' t
Inter Petrol l-7i II
Houston Oil 3(1 il
Merritt Oil HI lv,
Oklahoma Prod & K IS'). 13
Osage Hominy noft OVb
Royal Dutch (in1! 07 c4
Sequoyah Hi
Sapulpu Ref KH, II
Sinclair IH llte
Midwest US 97
JIIMMl STOCKS
Alaska Standard
Atlanta :
Big Ledge
It'lft
17
II
KiVa
13
!l'4
(i7',i
mil
ii
Callfoinln
do pref
Canadian I'acltlo
Central I Anther. .
('handler Motor .
("hi tit W prof ..
Chi Mil A St l. .
do pref
Cont can
font Ins
Col tins & Mlec. .
Chic lit t t' t c.
Chill Copper . .
chmo Copper. . . .
Col fuel & Iron. .
Corn Products. . ,
Crucible Steel . . .
Cuban Cane Suga
do pref . . . .
hen & Itlo U
d,i pref . .
Distill. Seour .
Ktie
do 1st pref . . .
do L'd pref . . .
(las W & Wig .
Ocnernl Klectrlc.
Ucneral Motor .
doodrlcb Co ....
Ot North pref . .
(It North ore rtfs.
Oreen-Can fop ,.
(lulf State Steel
111 Central . . .
Inspiration Con
In Har Corp N
Interboro Con
do pref . .
Intl Paper . . .
du, pref . .
Inl Nickel
tin Mer Mar
do pref . . .
Jew H Tea
Kings Co EUc .
Kan city So .
do pref ... .
Kenne Cup . . . .
t.ee Rubber. .. .
Lehigh Valley..
Long Island. . .
Max. Motors
XI ay Dept store
Mex Petrol ....
Miami Copper
Mln & St Louis
Mo Pac w I . . . .
do pref
Montana Power
38
CMU,
intth
8DV4
101
30 4
00W
Id
BflitS . . .
3!)(1 ' SA
Hjl)(, m
InfiVj ifc
KiCM
115V& 1
fil'4 Ji
811ft 4
im in
is? I
V Vi
un , i
(II) n;
Si's '.!ft
BBS "ft
mii4 inii u
88 ',4
101
30
DOW
I53U I1iVi
8914 80 Vi
. . flIVft 57(4
. SU
. 3!l 8t
. Si's '43
. S.-.'i, 53
. ni i7-s
. 3' 'J3'.i
. 68Vm 118
.( IDV'i 18
. 04", III4H
It It
. 3 tin alts
. 38 V '47 '4
. IHVft 3l's
. m -tit's,
. 38 38
. 33 33
.I7IH 171
.ISIITm 11H'.
. 3!l'i nov't
. iintu iioTft
8Rl I
101 ... .
.10 ...
iiou v.
l' -I A
sou v
aivft h
41' Ml
3fV, v
S3 Vt
33
'
37 "i
. Ill
. l'Jft
. inn
. 57",
1-41
. I5V
. (itHa
, I8(i
1(139!,
. isa-,
. ,1l)1l
. sn
07
. 3",
3IVS
38
. IllVi
. 31
. 78
43i
SSVii
(13
103 Vi
IS
34
3.1
Gl)
1117
18Vi
Sift
. Ti.
IVi
Blsbee Copper (a prosp)
Butte N V
Calumet & Jerome .... 3
Cerro de Pasco 38
Consolidated Arizona . . 3!A
Dundee Ariz 3 Vft
L'nima Consol 3
First National 3Vi
Florence CioldfleUI 30
Goldfleld Cons (15
Uoldfleld Jlerger
Green Monster Ii
lleela Mining
tlowe Sound
Independence Lead .
Jim Butler
Jumbo Extension . .
Kewanas
McKinloy-Iiarragh
Magma Copper ....
Mines Co of America
Nevada Wonder
Niplssing Mines Co .
Ray Hercules
San Toy 15
Seneca Copper I33
Tonopuh Kxtension .... I 1-10
West End Con (18
IIO.MIS
Cudahy Ss oovt.
Cerro do Pasco (Is ......lift
Cosden Oil tls , 105
Cosden & 'o new in. . . . K17
French Munic tin aovj
Mldvale Steel Us jjrvh
Russian B'jH 07
ItnfJlati 5'h nov,
Sinclair Oil tin 11 m
Todd Shipyard Bs 101 V-j
'4
3(1
5Vi
lift
15-K! HVft
7 7n
t8
7B
l
10
as
40!i
10
31ft
lU
3 V,
30
iVt
314
a,
3
34
(18
8
Uft I 13-1(1
15-10
38 V4
73
8V4
lfi
71
33
Kl
18
18
IT
SVft
8Vft
49ft
21-
Sft
8Vfc
w,
17
I3IK,
4Vft
7(1
77
33
10
an
8V4
19ft
I l-KI
711
100
118
1(10
West Pao new 5s
C K 5'aS1 1-year
U K 5Vss 2-year
U & Rubber 11 Ss
ill
001ft
fi i)
OOVs
1(10 1118
tlUTi SB9ft
07 0014
U8 0714
809', 80 i
11191 lll'H
103 V6 ..
91Vj ..
uaoi, . .
DO V4 . .
ua9 kih,
Narberth to Take Census
Narberth Borougli Council announces
through William I. Smedley, chairman of
the police committee, that a, borough cen
sus Is to be taken by Policemen V. J. Hill
who will, at the same time, make an inspec
tion of cellars and houses and see that all
houses are properly numbered.
Charles J. Bender & Co.
INVESTMENT BONDS
llcmbir Philadelphia Etoc'4 Eichtnr
NORTH AMERICAN BLDG.
SJPK11AI. NIITU'l-s
jS OFFItK OF IIIJKI.ITV TltlST (0.
335 Cbetnut Street. I'hlladelalila.
January 18. 191".
Notice la hereby given tbat a specUl meetlne
ot lockholdBr at fidelity Trust Company will
- i.i t,t nt tha otflca of the Comnany. 33 Cheat.
'ih. :uut at.. FhllailelPhla. on tba twenty-eighth ilay
fti of Slarcb. 1017. at 13 o'clock m.. to take action
?lnjjreaaa of tha capital stock of the Company
iiluo of one hundred (100) tlollara each, or four
million (4.000.000) dollars, to flfty thousand
(HI. 000) shares ot the par value of one hundred
(100) dollars each, or five million 10,000.000)
Collars.
By order of the lioarJ of Directors.
' JOSEPH MellOHRia,
Secretary.
JV 't'-;n
W6bi j ouaife
k; r .sutfr
w-,. -JbOm
V T JHJdWO
amp -fM.i
JP'"4
mm-
DIVIIIB.M)'
HIE UE1HOH C'OAI, ANI NAVIGATION
Phlladebibla. January 3$. 191T.
civiuisniJ nu 10J.
Board of Managers this day declared
TV.
Sloe
February ta, 1VI7, to Biocknoioers aa
rlv dividend at
--- . st r.- ,-i.r-
ine tapiiai av
Ver Cent (II 00 per
ck or um company,
ed on the bjobka.of tha Company at 3
p. n January SI. 1VIT. ('becks will b
to stockholders who have fUd permanent
order
HEN'UV II. I'EASB. Secretary.
11IKKCTOKY OF ACCODNTANTa
Ccrtlfled FubUo AeceuntariU
JkWBSiCE B. JJKUWN i CO.
XtKAt. E.9J.A.AJU iHU3l VUlUUlJtKJt
111UAT1S AWO aUJUSr PAjrTHEK.
JOINT AND PISPOTBO ACOOOittt
"WQ&mw1
vwnr. jkm
rue j
SYXDICATB I-'OK K. H. HO.NUS
Tssue of 525,000,000 for C, M. nnd St.
Paul Aro Underwritten
NEW YORK". Jan. 27 Kuhn. T-oab St
Co. and the National city company have
formed a syndicate to underwrtto the 5i!5.
oou.000 of general and refunding mortgage
4'j per cent bonds of the Chicago, Milwau
kee and St. Paul Hallway Company, the
syndicate price being 33 4.
Tho bankers state in their letter to syndi
cate members that they ara charging 11 I
per cent commission for handling tho trans
action, which would Indicate that the road
received 2tft for th bonds. The syndicate
will expire on April 30 next, unless sooner
terminated.
The sale of the bonds Is subject to the
approval of tho Illinois Public Utility Commission.
Aked.
GOVERNMENT HONDS
Hid.
'.', reentered, 1U30 u8i
Ha, coupon. 1030 VUK
3s, registered. 1018 100'i
3s, coupon. 1018 looi,
4s, reslstered. 101'S 110
4s, coupon. 1025 HUH
3s, registered. l(tl 101
3s, coupon, lOli) 101
i'anama 2s. registered. 1030 03H
do -a. registered. 1U3& 90V4
do 3s. registered, 1U01 101
do 3s. coupon 101
111
Increase for Riverside Western Oil
PITTSBURGH, Jan. 27. The Riverside
Western Oil Company has declared a quar
terly dividend of H4 per cent on the com
mon stock, being an increase of '.; of 1 per
cent over the previous disbursement. The
dividend Is payable February 21 to (took
of record January 31. The usual quarterly
dividend of l$t per cent was declared on
the preferred stock, payable February 5 to
stock of record January 31.
Jacksonville Company Passes Dividend
BOSTON. Jan. 27 The Jacksonville
Traction Company passed the dividend on
the preferred stock usually payable Febru
ary 1 The stock Is 6 per cent cumulative,
but lias lately been paying at rate of 3 per
cnt. Hualnas In Jacksonville has suffered
on account at a. draa in volume ot 4
pttfla due to btsb ra.Ua et ihlaaiBf.
Natl Unamellng . . 31
Nevada Con 1 l-1i
N A' Air Brake ..131!
N Y Central ... .101 in
N Y N H and II. IS
N Y Oand W ?7'.i
Norfolk . West.
North American .
North Pacific . ,
Owens Bot Much.
Ont S.ilver ....
Ohio Cities Has .
Perro Marq w I
I'cnna It U . . .
People's (las .
Pitta Coal t c . .
Pressed Steel Car
Pullman Co
Quicksilver
Uwy Steel Kiirgs
Ray Cons
Reading
Rep Ir & Steel. .,
do pref
Rutland R n
Sliat 1 "opper ....
Saxon Slotoi-
Seaboard A I
So Pac
So Rwy
St I, & 8 V
Studebuker
do pref 1U8
Tenn Copper & c 13,
Texas Co 230
Tobacco Prod .... 53'i
L'nlon Bag and Pa 1.1
do pref 110
fnlon Pacific H3Ks
do pref 83
K!
113
inn
37 U
I'll)
I3i,
1)8 (h
17
1021.
128
20
8I
(13
2d,
2(
38
l.-.'H
2'!i
77",
13'i,
3t"i
(12 ta
Illl'x
ll4
SO
.12 ?;
311 l.j
107
:i(i'i
2Mtt
133
llll i
27', 27
I371 137
70 70
108 108'--
lOt'j 103
' e,i,
110'-.. 110';,
32 32
37 'A ("
101 101
AH'i 48"Vi
82 8 I &
t?,
231,
03 'ii
IR'4.
t)tS
II
:i4'
271,1,
!
ItlAd
38
3.1
171
1 10 Hi
30 '
llfl't.
3fl,i, 37 n
1(1
IIS
I (Id
37N
120
t.t lf
(18 1 n
IHH
MI3'l(
311
86
03
2,
2M3
A8
Iflll
30 I2
28 O
38 n
ni 20
IS 30
70 30
12 12
H
'A
- Hi,
I".
I
-I
H
- a
,
WHEAT IS WEAKER
ON FURTHER SELLING
Shipping Difficulties and Nerv
ousness Over the Political
Situation Arc Factors
WUvTIIKR CONDITIONS
.N.r.W VIIKK. .Inn 27 AilCrpircrelrcil
n',".",.."',,!"'r llnrenn tlile iiinrtilnc Intll
tnlrd the rnllonlnir n-ritlhrr ronclltlone!
TrmiM-raiitrps.
fllili. I.n.
i.inmn.111 Xnrllmr.l . . ticrrt.
0rtllHPl ... nMM.
Mlilille V( rvnr
Siiitlmrjj . fMr
Jnner tl!ltinl nlle f Mr
W."'"''..,l!',,'liiil !lllcv.r mr
Onlrt VflllrT r par
-opinw trtn.
V'r f.illnnlin- urcrlillndnn flrt IncliM)
wit rfiHiririf; .) nl Wlsnlitee: M al,Jletll
.1,2 nt itmrei 01 Jlllcx (1H-; .02 nt
Shrriif.tni 01 nt Huron nnil Mporrbenil;
,11't nt l.il Croe rtlid 11.11 enlmrl; .10 t
t'1uirfo ( llj-; .311 nt (Iiii.iIki,
("Il1c,cn, ,Tnn 2. - Splllnn of wlmnt
continued this morning nnd further looses
orftiri-ed Pronouneed wenlinris wns nntpi
at Wlnnlp-ir Conlldence In the lotift lda
seemed to have been shaken by the re
vision npwnrrt nf Inst year's yield In Cnnada
nnd dirhVollips In moving Rinln lo mnrkt,
ns well ns by nervousness over the political
ritilnllon. Absent of export demand also
was a bearish fnrlor.
Private rabies from l.lverpoolflrreported
the tone there eftsy. with sentiment InrRely
tiffoeted by ihe stntemenl cf tho Canadian
retieiis oflli'p nnd tho downward movement
In American markets. Lower prices nlso
were noted nt ttuenns Airei.
May opened at $1.80 to $1.78. nK'ilnfit
$1 8t', nt the end yesterday, nnd receded
lo 1.77. July nl the outset was quoled
nt l.r(0j to $1,60. compared with SI.Bm
nt the close yesterday, nnd dropped to
tMfl. September started nt l.37'i to
$1.37. flRnlnSt $1.3.1, yesterday's Inst price.
Later the sellitiB became nitrrresslvp, nnd
furthr-r severe losses occurred, numerous
stop orders beinir tincovered nil the way'
down. Around II o'clock .May was down
to St.TB'fc. n loss of 6r'c; July was nt
Sl.li'o, off 3?c, nnd September sold nt
$1 .1(1 'a. off !.
The repppt nt Mlnneftpnlls nnd Dulutli
today were 271 cars, nffalnst 261 cars last
year; at Wlnnlpfg 287 oars, compared with
fi cai: at Chicago 3n cars, contrasted
wnii i3(i cars.
Coarse Brains also lost ground, Willi the
transportation problem In favor of the
hears, Theso cereals, however, continued
firm nt Liverpool.
ln-.nlliiB futures rniiKul as follow.
Sales in Philadelphia
-r-
Low. Close.
1)8 08
lOt-H 102
Net
r-heo.
nt
f.i
32
08
31
34
S2
08
. . "I"n-
10 Am ttvs pf 08
13 Hold L pf.1,02
07 Catawlssa
1st pref. 31
07 do 2d pref 31
200 ICrlo 32?ft
10 Con Asp pf 08
13 IhB Co N
Am 2714
20.1 t.k Sup c. innji
03 l.eh Valley 78
is Mlwhlll .. 37V,
20 Nev Cons. 2 Hi
iol 1'eniut tt It 37'fc
lo J'hii.t cum I
pfd .... 42!i
ooo Pltlla Kleo a lfi
iOII P It T t C 3211
in Phlld Trac 8.1
20 Itwys Oen. 7"i
loo Ton Uel . 1
323 Ton Mm.. o!a
128 Union True AaVt
272 IT CJ t ... 110
I I Cos N'J 24814
2173 IT H Steel II33J 113 USf'j
18 York lly Pf 37 Vi 3716 37 14
Total alo. 01(1.1 hitrs( tnnilmrril ullh 00O8
slinrci List Snliinliivi (Ids wwfc. 38,307 ulinren;
lflt tteek, 73,3,79 linrM.
nnsiis .
until, ijw.
S3H00 Aiiesneny
Vol 4b.. 0714
2non con Trao
N ,1 Bs 102i)i I02?t 1020')
3000 City 4s '13
op I034 I03.1t 10314
ionn tfum Pr T
con 6.. . 80
2000 Lit Cup Inc
Gs S3
21100 T.oli Vnlley
Kon is... Dltt
.moo do Coal (is, inn W loot 10014
loon do nn 6s.l.17l, 13714 13714
lorni. Pblla Co
2714 2714 ...'
1014 1014 ...;
78 78 M
371', 371',
2lf4 2114
3? 37
4'Mi 42-i -1- 14
ill 31 U
3211 !$, -) H
83 83 14
7n 7-ii
I5h 4!5f( "J" '-
o ok, -(- V
10 4 0',', fi
8BTi on
23 !$, 22314 4 14
NEW PHILADELPHIA ELECTRIC BONDS
ADMITTED TO UNLISTED DEPARTMENT
First Transactions Made at 102-Ti, Comparing With Pub
lic Subcription Price of 10111' York Railways Issues
Good Earnings Report
'U
cms.
N1
the.
Oflt.4 oof4 14
I-
before tho Philadelphia Stock KxchniiRft
opohed this morning Ihe ticker carried nn
announcement that Interim certinciUes for
i-niindciphla KlectMe Company first innri
Riirfo rdhktriff fund 5 per cent irold .nnds
had been ndmlttcd In Iradllift In Hid un
listed department. They were dated Oc
tober 1, 10IB, due October t. 19CR. deliv
erable when and ns Issued. Itetoro Iho ex
piration of the first hour tho first snlo
was made, $600 rhntiKlnir hands nt I02s4,
nnd later on $20no mom cninc out nl the
tamo price. Later the price Rot tip lo 103.
comparing Willi the public subscription Pflee
of 101 li. The company's old fls declined 1
point. Tho stock wns off a fraction.
Tho York Hallways Company Issued Its
first earnings statement nf tho new risen!
year, for the month of December, ttarn
Ings showed continued expansion, the gross
amounting to $01,079, nn Increase of $12.
601. or t5.3 per cent. There was a consid
erable Increase In operating expenses, which
resulted in paring down tho net. Tho net
amounted to $48,868, ft gain ot $916, or 1.9
per cent.
Business In flocks on 'Chango wns lbs
smAllest In many days. No one roemed to
tnkn any Interest in market operations, ind
ns tlio fntt fw lastlcfl wcro traded In.
Floor traders deserted tho Philadelphia
rtnpld Trnnsit post during the first hour,
nnd If wns not until well on In tho second
hour Hint the company's cerliricntes worn
pold. Then inn came out nt 32. unchanged
from the close of jestrrday. tjnlon Traction
pold nt 46, nlso unchanged.
Pnr the most part Mocks which sold wcro
unchanged from the eloping quotation of
yesterday, nllhoiiBli some small gains Wofo
iccorded. In Lake Superior, which has been
n market feature on many occasions, only'
140 shot es had changed bands by tho mid
dle of the Inst hour. tTnlted States Steel'
common, which was tho most active, showed
o small loss.
In Ihe bond division Rending general
mortgage 4s held Attention. $"(15,000 coming
out. Tho pi-Ice moved up nearly a pnlni
Lake Superior income Ss. which furnished
tho feature In this division In tho lato
trading yr.sterdny. did not nppenr. although
S6 was hid. the same ns the closing prlco.
80
33
80
33
0 1 14 P 1 14
When I - - t (pen
M.i. . 1.NI1
Job . . t. .".i7
.SintMinhcr, aji.
nt ini-w unlivery 1
J.OI'H J.OI'S
t
- .,
78
I34
03
02 (4
12
82
32 "4 "
3014 la
1(17 I
8lls ,
IS, Ht
133 2
llll'i 'i
to n
27', ....
I37--V.
70S. 14
1081
mii.j
IIU14
u8
14
32 V4
37 r "4
101 . ...
48T4 N
814 14
Mm
JllH.. .
Jl...
JtlK
l.iml
.111 lllill vs .
.Mli.v. . , .
.Illlv . . .
Itltw -,t
nun r.v
Mi.....
1'i.iK--.lantmry.
Mnv
Juh
UM
IliHli Low
I.SII t.74'4
l.ilo'n l.U
1.38' i I 8(1
Wi's
tmu
Close
i.7r.;
i.mmt
Tes.
rlowe
Kl
.-.IS
.88
1 DOS I .til's
miSt I. tilt
f.7S
f.(IS
6IT
38
in in
t(I..MI
1(1 1)2
Rl 30
10 27
Kl.r.7
1(172
11 llll
211 (((
in 12
in u
in.iiii
10.20 10. In
III 32 10.411
tU.'o 1 10.0(1
211 ?."
LMl 17
A!..''!. t.Nonifnii!.
JI337
t.-..7(i
31.30
L'll 110
2W.II0
13.30
15.(1(1
'31 23
2H N'J
1st 6s ..102
4N0 Pli lilec 5s. too
82IM) dolsttntg
S V 6s
1900 .. 103
83000 Heading gn
4s ... . pn'j
moo sun iinz &
V 2d 0s. HOOi
100(1 Welsbach
(.'o Ds . 09
2000 York Ttwy
1st us . . 1)8'',
102
inn
102
tun
103
I "234
not; noli
IIC-74 III",
09
II!)
k
0814 !l8"i
Total nl'. Snil.lOII. iiiiillMiri-il "III. $118,100
I.T.I .iliinl.(..- tliW uerk, 8188,10(1, hct eck,
S3 1 7.2HO.
Local Bid and Asked
New York Bond Sales 1
11WI- ill am.., .. i i i '. i '" '
II'IHI AllMliv- A Slum :i'j
--'-" AlWIli I'lelli ll ."in .
Itiiijii Am l-'nr s-c ;. .
anno Ain-i- 'f.l ill l
niiiio Aut.T Tfl 3-. , , ,
IIIHI Alll'T I'll lift .
.""(Ill A liter 'I'lile.ul l
InillKI Anier Writ Pup Ar
iIiiihi Arinuur Co Pan
75IHI AtehlHiin sll 4
Itniiii ilu ii.U li ...
IHiiio Unit tt orin 5s . ..
1-Hiim ill, iv .1', .
4RIMHI llriioklvn K T As lllls llll
IHkIi.
'K
11.1
. Ill's
ti'J's
.Htl'4
. Inn's
ti'
SS"S
HIS
. . tllPa
hh'j
..liil'i
lit
ClnSi?
st's
112 '
1I7S
lil'a
nil'
loo',
lili'a
.ss'j
ins
HtS'u
ssMi
101 U
117
iO(! innj4 100
32 i
27
1010',
709i
101
.18
27 li
01
17
07
31
2Si
1071))
S2i
201
1011-i
78
llll
33
27
02
17
07iJ.
311'..,
23 li
103
I0K
'aso;
13
llll
H3'
83
62i
20
101"
78"Vt
101
33
27
02
17
07
311 It,
23 H
10014
108
isin -i ',
220 4 -11,',
55 4',
3 If.
li
In
m
14
Vi
Vi
T- V,
li.
114
I S lnd Alcohol ..1231a 121
C S Itealty 1.1
t'u llwy Inv pfd. . 20
C S nubber !)?
do 1st pfd 110
C S Smelters 034
U S Steel I HIS.
do pfd I207i
rtah Copper 107
Va Car Chm iia
Wabash H9i
do pref A .... 8 1 14
do pref U .... 29
Wells Farfio 100
Webtern l'nlon . . UK
Al'estlngh Uleu .. 83
do rights
White Motor 5PJ4
Willys-Overland . 30Vi
Wilson Co
do pref ion
13
20
38a;
110
03
111
r.i't.
2U
100
08
S3
I'll
30
03!',
100
-)- 9,
i
l
no
113'-,
83
I2"H
13
20
50T -
110
0.1 U
H3Ki 118
H09i I207 "A
lao looii 1',
Ills I It, Va
11 -- ..
8I! V4
20
100 4- V4
U8 1
88 Vi Vt
r Vh
ana
30 V, - i
03, t- V4
lor, v.
Total fcdlf. 233,400 Ii,iri-. cumuarifil nlth
narfs ntsi .-ainru.ii nu erK, ,70,-
'C..KIUI hi
8U0 lurri lut Mrck
U.380.GOU sharr.
NEW YOHK COPPUR JIAKKBT
SliXV YORK. Jan. J7 The coffee nurket
opened quiet aeain this morn ins and first
prices wero unchanged to 3 points higher.
Sales on the call were about 1000 Ijajjs.
The market continued quiet after the
opening, ulth little or no selling pressure
tn evidence, and it was noted that when
left alone values showed u tendency to
advance. After the first hour prices xxere
3 to 3 points net higher, but with the
volume of business small. The cost and
freight market In Ilrazil was reported to
be unchanged from last night, and the
local spot market was in moderate demand
only, without price changes.
Today's Today's Vestcra4y'8
January
February ,
Murch S.40SS.43
April
May 8.3l?8.62
June
July 8.6298.03
August
September.. S.0O
October
Novsmbcr... 8.788.80
Dwembtr... 8.82S8.87
Bid.
snOSh.5 8.3Sb.40
X.31&K.S3 S31lS8.ll
h.(10St.'.ll 8.478.10
tt.80Q8.HT 8ni8.53
.73S.74 h.Hoao.Ilt
S70$8.77 8.l!lS8.IW
'8 83fS81 STl8.73
b.Stlf 8.8T 8 70S8.T8
S90i8.V2 8 bOls.82
NEW YORK BUTTER AND EGGS
NEW YOHK, Jan. 2T. I1UTTKR Kecelpts.
4603 tubs. Shortsice of One fresh creamery,
with Quite a stranic fwlinir, Secomlary KruJ
show un Improvement. Higher scorlnff, 42(9
42Vic; Htste dairy. 3UtelOic. No changes iii
otbar grades.
BOOS Receipts. 4222 cases. Generally firm,
with a slight advance In frten eggs. Extras,
42V44c; extras firsts. 43c: Orsts. 42W42Hc:
mixed color. 42W43c. Nu change In otber quotations;
' . .. Today
Kew Vui.. itnla) 7SSX
I Laaito4 lem: av.
BAR SILVER
Last ID
St. High.
Wm
TT-
at'..
InllllO IIukIi 'IVrni HlilK
4000 Can (lovt As 1U2I ..
11100(1 1I0 All 11131
71810 r-tti h,ki Kli-i- As.
IliHli (Vnt l..'0'.li 1st An. .
4(100 Clilll copptr 7s
2IKIII Chen ti OI1I0 cv 4 'as.
1 iiioo 1I0 iv .la
3(1(1(1 Chi Bust III c t Ik
3(100 t'hl Ol West 4. .
illlllil Chi ; Nivn 9'i.. ..
.'Unoo chl Cn Sta -i'sh. . .
4A0UU Chl II & tl Joint 4.
2(10(10 C M !t I' rfcl 4tH
113000 ilo cv Ah
AIIIHI (I11 cv 4's
irtlDI) ilu .-n l'v . .
mono 1 'hi n 1 I" im 4.
mioi) ciiy uf Paris
3(100 in, I S. Hud rfil 4s.. .
1 1100 D.mi & Klo Ur As..
30UO Im ur Corp Ss
1 f upii i;ieu ueu u
Low
SM",
!::
U'
li'
Id's
lno's
iiii'-j
HH'rt
tll'
IIOls
SS
llll'.
UIIS
10U' llll
SIC. Ml
lllU'j lllll4
Hill Kill
KKI'i 1II0"
HC Ili2"li i(12
ICT't 1'JUH li".l
SB's i'
l4"S 1H "H
83 83
78'. 73 't
Kit M
101 's Kll'ii
no un
07, 117
llllls 107
iiiu' iu:
Ml
100
100
Kill",
. U4'i
33
73'4
SO
llll's
III)'.
07
107
llC
Italdu In
Itrlll .It)
Iluir fi Susu 1 c
do pref
Hire MlnruSM
Qi-ll Aspluill
do pri'f
Hey Tid
do t i-
Luke Sup Corp
t.h Nav .
hell Vnllev
l.eh Vnl Tr
do pri-f
IVtinSlvnnls ........
I'hlla rciectrlr
l'lilln C11
do fi'fipr i'1'nt pri-f . .
do 0 ptr cftlt prof. .
I'hlln It T t c
Heading
Tonoii.in H-ltnont . . .
Tonopali .Mining
l'nlon Tim Hon
Cnttin Tructloii .
Culti-d (Ibh Imp .. .
t'nlted Sim stil ,
York Railway
York Italiwnf pref
Win Cramp I c
Toda's
111.1 Asked
Bl.
L'(i
DA
AA
Oil
2S
(17
1a5.
13.
lll'i
M'e
.7".
f.A'i
an
Aim
117
311
on
14',a
11",
1I)
SA
7S
22 'i
II
r.7'
31
42
40
43
82
1)HI.
JV
I', l-lll Ilia
40 4 It's
III 4(iVj
0'1
Yterdnx's
Hid .bUp,
AA r.A'a
!!S ltd
1;.-. 07
r.o'-i
un".
:in
o'l
1 m
ll'a
1iia
8ft
7i'j
13'n
A7
33
41
37
IL'TS
32
100't
l".
AA
llA'i
28
117
in;,
nn
MS
7
22
18H!
A7
31'..
41
37
I2V4
a
11 ti
tio'i
4'
37'.
31'.
41',
311
43
WAX.
101 'A l'llk
4 4''..
I 0 i
4(1 -111'.
lit 40'.
8H5 I'll
1 t:i8i 113S 11 IVs 111
14 1(1 L't 111
37 37 37 37i
SI .S3 hllV4 88
NEW YORK BANK STATEMENT
COTTON IS HIGHER,
BUT BUSINESS LAGS
Purchases Can Only Be Made at
Advancing Bids C6m mission
Men Furnish Supply
f otton iiMi.T vi:atiii:k to; i)itii).v
XlilV VllllK. .Inn. 27. t'lninly weallirr
projnlli'il In (lie npvtrrii h.ltt nf Ihr tt
tnu belt llil, imirlilng. lint It uu itrur In
llip 1'ntrrn lorllntt. ,
Tlio follouliiE (pninernture nrre rrrord
rl: .Mnron. Innullle mid tlUliilmiim, jtoi
Auiriiitn mid KiiIi-IkIi. 32: ,ihellli'. 31;
H'llmliirlnn, 30.- ( IiiiIIiiiiiiarii. 38i . I (irl
Kinlth. .tlMiiln mid 'lliom.isville. .lilt Mont
Roinrry, fi: l.litln Itofk nnil Cliarlriitoii,
41: .Nnsli.llle mid Sntniumli. Kli .Milieno
nnd .Mrinpliln, 48.' Slireirpnrt nnd Molillo.
AO: liol Itlo. ivnonruln. Mrrldl in uiul Tilt"
11.1. 33: Vlrlohiirr nnil .lnrkoiilllr, ot:
hun Anlnnlo. 30: r tlrlinii. UOi (lulti'S
ton uiul Cnriuii ( linMl. (i'3.
NHW YOrtlf. .Inn. 27. Business was
small nl Iho openinir of the cotton market.
hut tile tone was linn, with prices 7 to II
potntH net. higher. It was noted that cot
ton could nut lie purchased except nl ad
vancing hitls.
Liverpool hoiiRht March and October ond
poiil duly, and foiciRii buyinir was noted
In other options Local operators also pur
chased. Virtually all the supply catno from
commission houses. '
-fler the call prices held near the early
levels, wllh n small Increase In trading.
Temperatures In Ihe Mouth were some
what higher It was cloudy In the 'West,
and Jlht precipitation was repotted In
Texas, where needed. In the Kast clear
conditions, prevailed.
Tli mnrltet turned firm and more act
ive around 11 o'clock, on demand from
Wall .Street. New Orleans, the South and
Wont. OIToritiRH wero liKht and prices nd
Minced rapidly to l".50c for Hay, or about
$1 a halo aboo the prcvlotiK day's close.
Near months ruled relatively llrm. I'eace
talk and spot news explained tlio buying,
which, in totnl volume, was 'not treat.
Yps rinse. Open.
. .. 17.12 17,22
17 32 17.37
17..TI 17.37
111.31 17.40
...10.43 10 All
17.AO
.March .
Hay ..
July ...
October
December
Spot . . .
llifth. Low. ('lose,
17.41 17.10 17.1.
17.0A 1730 17.(13
17.03 17.31 17.03
17,03 17 37 17.01
10 Al 111 All 10 Al
lll llll".
77.
. or,",
.
.103
(III-,
IOI
77H
78000 lowii Central ref 4s.. 02
20(10 do As 01
11100 Inlorli Met 4'v TI'
ltluuo Inierti It T ref As . . HO'.
lil'Ull Inter Mnr .Mur 0s li.V.
1(100 Int'-rnt 1'up.ir As. .. till.
4000 do (Is tin's
'!
tl.l'S ll.l".
llll Oil
8M'i US',
103 103
lllll'i Kill',
0(1 024
III HI
-, 71'.
.IIU'S llll1,
HA'.
w:i
l()ls
81
IIA's
IIU.
lOI'I
HI".
80 .
tlhl
101
HT.
1011
illVs
til 4
A24
07'.
All
1I8.
llll
07'i
lull
02?.
11 m.
A2'-.
07 '.
3101)11 JupHii.D,' ni'U' li s 4'-. s 81'.
HOOD K I' Fl 8 t M 4 77's
111000 Kan t'ltv 'rr 1t 4. . . 811s.
lADOII Lai'ka Slffl As 10AO. . US".
1000 Lorillurd Ah llll
IIIHHI 1-iiuln & Nash 4s. .. 071
2000 Mhx Pit Co 8s ser I'. 101)
42000 Minn ft St I, 4 02H
-AOIIO do As UlS
"40(10 Mo Kail & T 2t 4 A2
1101)0 Jlo Vhv 4m w 1 07s
limn ,l lu ,- t . A'J
1A000 .Montana Power As.. . .InoTs HI')1. Inn",
I11OO Nut Knnm f i-rlp Sh. till Hi 101's lulVs
3000 Nor KtlitP I'OW Bs 8 tl8k l)
17000 N Y Air Rrake vt 01.1034 loAVj IDA",
2000 N V Conn 4'4s ilDlS OHH 1i"ti
10000 N Y C I. 8 l 805 80' MO,
AO0O X V C ft If 3tss 80 8(1 XII
2(1000 do Con 4s 884 8N, hK'
27000 do (Is 1124 112 112
10(111 do Is OS's OS'S H3
lllllll tin 44 s Will 1)8'. IIS'.
0000 X 1 I'll & tit I. 1st IS. 01 '-J 014 HI'.:
Illlllil X Y Cits- 4k HI6U 1024 1024 1(I2'
1111111 io l'v limn liii'n J "i- 1111
7(100 X Y (lux II & I' As..
lHiioii X V N H II . .
0(10(1 X V Itvvy udj Ss...
13IIIIII X V Tl Krll 44s..
3111111 -Nnrl' - West 4s. . . .
2HISHI N'..r I'm- prior 4s .
Minn On uiTi 3s
limn lVnim Ken tt 44s.
21U0O do 1 n 44 s ... .
lllllll 1'Ulilli' Srn X J As
Anno l'ri Mttrnuetti' As
17tinn Hi-.idinii Bj-n 4 . . .
Aihmi 11, i 1 t 8 5
Timlin 8t I. S K alt 0s.
7i)700( do 4s Her A
23000 (i' 3s rer II . . . .
unono Si 1, Sun run 4s
'joiui do As
I21111O St I' & K c 1,
anon t r m t ai -I'.as .
12000 Hiund Mill As
limn S A 1. 1"" sta 4s. .
limn South I 'a i' 4s . . .
OHO do 1 v 4
IM11111 do rfil Is ....
AIHIO South Pac i-v As . .
AOMO Tenn Coppsr ret f t
103 103". 111.".
IDA in.. in,
III'.
100
117'.
IK. 4
OX'.
llll
loo-;
2'i
HA
llit
lllll'i
TS4
outs
711'i
TO'i
T3
101",
100
fc2'.
87 i
82X'I
044
jstjtr
40li
..1004
.. 071.
. . 1104
. . 08.
..till
..107'i
. , H2TS
.; os
. . 004
. lIXHs
. . 74
:: IS'
. . 72
. T04
14" 744
.. ..1014
100
S2H
&Vi
.... 88'.
lll'i
.'.null Tenn Copper ret f n . . HO nn till
Anno Tri-City 5 ion's loo's loon
10000 I'tuh f.t & l'OW Ds.. HA', HA". llS'i
103 103',
III'.
Kill's
H7't
llri',
h.
1114
107
024
il.t
Hli-H
11104
734
60S
8H
714
7uTs
73
Kil".
I11O
M2'i
114
10.T!,
101'
llll ',
ll)(l3
014
Hk
net
uo4
llll
hii. no",
111114 loo'J
l(HI', iiii.
u", us4
! oill
HTX. 114
07li 07i
ooi !inr
.-.iillil tin Fuel Has tia. .
10018) - a llovernrnent 2s
.', llliin 1; H Steel 8 F As..
2IKIO do H P tea As . . .
2IIOO I'riiiu, Halt ft 1' As.
lllllll riiion l'.if 1st 4s. .
2H00O do cv 4s
4.MIIHI L' li of (1 II A I As
tOHO do 34 a into
S'iiiimi do 34 a 1021
1000 Va car cum
liuui v Rwya fis
Ilium U'tlson & Co fls
SHOD Wab-P T ct f p 4s
1000 West MU 1st 4s.
Total kales, $2,738,000. ranmarrd ullli Si.
7S0.O0O last Mitiirdavi this week, 322,7U'J,000i
last week, S3Q,B8,(8)0.
DROP IN CLEARINGS
IUI WU-4 HO-i Ull-.
m 1st As. I On', liuui 1 mil!
Is lim'J tumj 1004
30'. IMPi ,'lif
754 754 754
Volume of Country Below Last Week,
but Better Than 101G
While tho total business of the banks
throughout the country during the week
ended today shows a substantial increase
over the corresponding week of last year,
there wus ouito u drop from tho total of
la&t week. ClearingB this week were $5,405
150.401, against $5,845,030,917 for last week,
and $4,353,521,907 the corresponding week
of last year.
Details follow:
- 1017. idio. p.c.
NVw York. ..2. 032.707.104 12.101.017.171 22.7
cnleaso .... o,.,i.-,.j din .o.iii.zia ij.i
PlilUdelpOW. jMa.,a.(,,
Uoston Jll-iVJ'S0"
St. I.OUU... 101.411.733
Kansas City 108.780.373
?. Francisco iW.432.783
I'lttsburuh . US.0U.087
Detroit 41.77u.3SB
ItaltlHuirs .- 34.600,333
N Orleans.. 32. J 00. 300
103.234.848 44 3
111.207.302 18.8
77, 122.408. 31. 5
00,004.050 70.5
42,168.248 02.2
AH. 401. (llll 34 0
27.aft0.232 51.4
33.318.833 1 2
23.010.202 38.0
EIav.ii CLltlas.
5 das.... 13.881
nihap rltles.
5 days.... 027.042.088
80.088 I3.002.2U4.300 23.5
452.678,200 38.T
Total all cities.
A dajs 1, 5W. 231. 788 13.314, 872.563 27.2
All cities. 1
W .24.18 808.OC2.248 18.S
Erazier &- Gb. I
INVESTMENT BANKERS, fA
,1Lh,. "' . " Zz ti&X&JiSrUto. Mark .ta.d. Broad & Sansom Streets 1
IT TBIU. TT Tllu TAiai Bit I'lLMI. 1 BOIIVS aDil mwurn lU.lDKll.D UrtlOJ SI1 OU 1 I aaT
Si ipwuoiiimniifiaawHwtiw. iuimi.) ,; a?'.. ' ' w . ..i.is.u-i ii.mi.ot a-e,J Wii.H. l ' 'l!: . 1
Increases Are Shown in All Items Ex
cept Actual Surplus
,VEV TORK. Jan. 27. The New Tork
bank statement this week shows substantial
increases In averngo and actual loans and
demand deposits. There was an increase
of $44,1)71.000 in tho average loans and
$32,657,000 in tho actual. Tho average de
mand deposits gained $55,092,000 and the
at'tual Increase $36,013,000. Small Increases
were recorded by tho tlmo deposits in both
statements. Tho average surplus was larger
and the actual smaller.
Details follow :
AvurtAc.n
Inerense.
Loans J3.472,3!2,0ni) J 14,074,000
Net nenianil ueposit
X.-t time deposit
Circulation
m. n.-re own vuulis.
Heaervo Federal re
serve banks
Ueservo other deposi
tories Aggregate resere . . .
lleer required . . . .
A8O.2!l7.O0O
103,173, 000
2K,070.000
A33.824.U0ll
AA.Iin2,00il
1,333, 000
27,000
7.437,000
100.020,000 5.280,000
riO,R2R,0(10
810,278,000
11111,07(1.60(1
11)0.707.440
.103,000
13,312.000
ll.AllO.Omi
3,715. t()()
UurnlUH
tot which tiS7.0SB,(IOO in specie,
ACTUAL
Loans -3,473.070,000 $32,6.17.000
Net demand deposit .. 3 6Uii.8A3,0iin 30.043,000
Met t)rne deposit
Circulation
tlteserve own aults. .
Iteserve Inderal re
si-r hanks
Reserve, other depo.il
mriiB
Acgregatn reserve . . .
Reserve required . . . ,
aurnii
107,5111,(100
1IK,74A,II0II
2.877.000
H2,l)il'l
6.10.013,000 13.41)0,000
205,010,000 11.032,000
.10.752,000
813,007,000
022,223,3110
21,000
'1.437.0110
0.0.12,020
l!)1.3S3.010 'It, 01)8.020
Increase.
rnl
tO( which (484,820,000 Is specie
OUTSI11B HANKS
STATB DAXKS:
Loans, Investment....
(loid
Currenci, bank notes
lieposlts
Heserve on deposit.,
t'errenlus ot reserve.
2U. I per eent; ne-
crease. .3 per cent.
Tltl'ST I'OMI'AXUiS:
Loans, investments.. 1.031. S33.20U
Hold 13.1.0.11,2(10
Currencj . hank notes 14,128.300
Deposits 2.1 03. 674,300
Itesurvo on deposit.,. 403,317.700
1'erceiitage or reserve,
27.6 per cent; in
creaio, .00 per cent.
STATB I1ANKS AND TltUST COMPANIKS NOT
nnroiiTiNO to clkahixo housh
Loans. Investments.. 743,033,000 1.650,400
417,720,200 1,313.000
47,000,11(10 .150,700
10,765.011(1 5112,400
.102,538,4011 " l2,r,Ml,Sllll
120,331.61)0 1.271.200
17,714,300
1,607,000
7.133,.K)0
44,082,000
20.1)BI.800
Gold
Currency, bank notes.
Total deposits
Net deposits
lteservw on deposit...
l'ercentngo or reserve,
32.1 per ccntt ln-
.1) per cent.
Decrease.
03,071,300
lll,..-t,UUII
084,(113,000
803,(l3T.3nn
247.110,000
174,
1)0,200
15,801.700
1,447,300
12.785,300
FOREIGN EXCHANGE
NEW YORK. Jan. 2,7 The foreign ex
change today was very dull and tho move
ment somewhat reactionary. Itclchsmarks,
which had risen to 70 for cables, reacted
to GO?,, and checks were quoted nominally
at C!)'j. Italian exchange and rubles Im
proved slightly. Sterling and francs held
fully steady. Otherwise there was little or
no feature.
Quotations were:
Demand sterling 4.75 13-16, cables 4.76,
7-16. Sixty-day bills nominally i.IZM I
ninety-day bills 4.70i,i.
Frano cables 5.8391, checks 5.81.
iletchsmark cables 63, checks C9U.
Mre cables 7.07, checks 7.08.
Swiss cables 5.00H, checks 5.0111.
Vienna cables 11.12, checks 11.10,
Stockholm cables 29.65, checks 29.53 ;
pesetas cables, 21.25, checks 21.15.
Guilder cables 50 less 1-10, checks
40 13-16, less 1-16.
Ruble cables 28.70, checks 28.69.
.MONEY-LENDING RATES
I'HII.AnEi,VHIA Call. 3'A per cent.
Time, Sij'S'lVi percent. Commercial paper,
three to six months, 3V1 per cent.
BANK CLEARINGS
Bank clearings today compared with corre
sponding day last two years:
1817 1016 1015
Philadelphia. 110.108.360 1.14.011.184 S22.Ha3.73D
New York.. .488,788. 530 510.130,250 280.330,580
lloston 38,112.201 31.185,607 20,872,332
LIVE STOCK QUOTATIONS
CHICAGO. Jan. 2T. HOQS Ttecelpts. 17.000
bead Market, 6c higher: mixed and butchers,
111 1511 70: good heavy. $11.2011.75: rough
heavy. 111. 20S11. 35; light. Ill lon.e0; pigs.
IU2S&1000: bulk. $11.35011.80.
CATfLB Receipts, 700 head. Market steady;
beeves. 17.75011.00; cows, and Kotfers. 160
10 25. atockars and fued.rs, $000; Texaua. $8.65
09 50" cslvw. 110013. -.
SHEEP RecslpU. SMO bead. Market steady.
.live ana wesura, iy.i9oii.x; lajsM. ;il o
11.3 '
Cotton Statistics
The statistical position of cotton Is a follows:
This week Last week Last year
Total visible sup
ply 5,1S5,1B0 5.025. SSI 0.003.018
Of which Amer
ican 4,341.150 4,401.301 4. 600,018
Total In sight
January 20... 0,230.478 0,047.715 8.2I0.C38
Cotton Buyers nnd Sellers
NEW YC-mC, Jan. 27. March TVIIaon,
Sellnr, Cnrdoza and Jlltchell bought ; Bart
lett and Cone sold.
May P. Hubbard, Wontman, IJeardsloy,
Newman and Mitchell bouBlrt; AViggln nnd
McEnany sold.
July Ilngcdorn, Tleardsley, Wilson, Cone
and t3eer bought; N'orden, Downs, Young,
Uyman. Kllnn nnd AVenman sold.
October Downs, Brooks nnil It. Sieden
berg bought ; Montgomery, Schill, Clear
man and Mohr sold.
DIVIDENDS DECLARED
P?nn Seaboard 8tl Oastlncs (omp.iiiv rtsw
Jar quatrterly of $1 per share, payable February
1 to HtockholderH of rfrord January 2I.
Otto KlBenlohr & Uros . Inc.. I per cent nn
rommon stock. pa.abl Tobruary 15 to Btoclc
hotdcra of record February J.
CONDITIONS ARE GOOD
IN STEEL INDUSTRY
Substantial Orders Received
From Domestic nnd For
eign Sources
SV.W YOTtK. Jan. 27. renditions in tho
steel trade continue Rood. Willi orders com
inff In substantial volume from rinmnxilr nnd
foreign sourres. Sheet steel Is being pur
chnsi'd for Ihe wftrrlng nations for tlio Inr-t
half of the year deliveries In large olumo.
and next In lino romes tho demand for
rolls and freight rat's from abroad. It n
estimated that as much ns several hundred
thousand tons of rails will be wnnlod bv
foreign countries within the next few wcok--.
and some good orders are expected from
abroad.
Car buying by foreign countries l larr.
and hIwum iu signs of nbnting. . Mnnn
furl urers of oiitiipnient In this country an
sounding the steel market In connect inn
with the inquiries they hnve received, and
appenrancps nre thnt this branch of tho
Industry will keep going at a good pace for
some time
Tho ndvnnce in shapes and plntos An
nounced by the ionding Interest this work
came as somewhat of a surprise, nnil it U
pointed to by various steel men as furl her
concrete evidence of the strength In main
branches of Iho trade. The fact thai liars
Were not put tip also Is not cnm-nlcriil
significant, as tho buying recently has Iipimi
mUch greater in shapes and plates ihun
In bar.
Plates ate wanted by shipyards In this
country as well as abroad, and, with tht
taking care of this demand tho makers of
plato will be sold up for a long period.
There are some interests who state they
would not be surprised to seo a further ad
vance before the demand for this product
has been satisfied.
Ilg iron shows renewed signs of activity
with Inquiries for tho account of foreign
nations quite large. However, It li main
tained by those who should know thaf no
upturn should bo expected unless there is
a large Increaso in the demand. It is true,
nevertheless, that some Interests nro talking
of some upturn in certain sections where
tho Inquiries aro coming In In substantial
volume.
LOCAL MINING STOCKS
TON'OPAII STOCKS
- Kid. Aak'it.
MnnXnmnra .,-..,....... .07 .00
Midway ,. .20 .i1
MUpn.li Extension Ml .1.1
Montana 2(1 .21
North Star 1.1 .17
Rescue Eula 27 .28
OOl.DFIEtD STOCKS
Itlui Bull 01 .03
llooth 10 .11
fnmtilnntlon l'-racltun or. .011
Dlamonillielil II II 01 .or.
linlsy 01 .0.1
nro OH .01
Snnil Kimi ." 00 .07
Silver Tick 24 .2(1
MISCBLliANCOUS
Arizona fnlteil 00 .08
Nevada lllll 2 .2:1
TeLOiw -MlnliiB 17 .is
IJeatrice Creamery Declares Extra
CltirAGO. Jan. 27. Tho Tieatrlee
Crenrnery Company has declared the tegu
lar quarterly dividend of 2Vi per cent on
tlio common stock, payable February ! 2
to stock of record February G, nnd an extia
dividend of 10 per cent, payable to stock of
record March 2.
INTERNATIONAL WOOD & PAPER
PRODUCTS CORPORATION
OF BALTIMORE, MD.
Iarge proits mode possible by the discovery of a method of utilizing wasto paper
tn the manufacture of toy horses, wagons, rocking horses, mechanical toys, etc.,
have enabled this company to declare
A SEMI-ANNUAL DIVIDEND OF r PER CENT
The output of this $250,000 corporation Is sold up for months ahead last year
the company was compelled to refuso orders totaling over $80,000. Plans now aro
being perfected for enlarging the plant to meet tho steadily increasing demand, i
Assets, real estate, machinery and merchandise in stock. Tho management of the
company Is in the hands of tho following oilieers, who know Intimately every detail
of the toy business:
rtnrnnN' OT.ADK1U,TKn. President
O. atrcttVIN DOKSKV. Vice President
CHARLKS J. DORSI3V, Secretary and Treasurer
liiitr.cTous '
DR. JOHN
JAMES II
R. MAVKR and WILLIAM O. GARSED. of Philadelphia
QTJO.VOVAN. EDWARD S. KVANS. RORURT J. GILL.
TURNKR W. ISAACS, of Xlaltlmore, Md.
STOCK VA1.UI7 $12.50 VKR SUAIti:. WILL S1JI.L A TRW
TIILWSUHY SHARKS 510 PAR
Philadelphia Representative
W. G. GARSED & CO., 980 Drcxel Building
Phone: Lombard 1439
To Holders of
Philadelphia Electric
Company
5 and 4 Gold Trust Certificates
Edison Electric Light
Company .
5 Stock Trust Certificates
who deposited under the plan for cash
We will be glad to make this collection for
you when the date of payment is' announced, and
. to assist in the reinvestment of your funds.
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