s 1v rr.i.": ,r '",' r - I, A.f . ,v ,fi-f"'u', r , I I - t REILLY. BROCK ft CO. RANKERS INVESTMENT SECURITIES GOVERNMENT MUNICIPAL RAILROAD AND PUBLIC CERVICE CORPORATION, Q0ND3 3Cf CHESTNUT STREET PHILADELPHIA w9ut immsmy : . "' m vw m him immm EVENING PlfeLIO tEDGERtPHILJt)EEpMt SATURDAY: DECEMBER ."WMf iffcS BTJi.B 11 !!' fl''.a Wj "-,W4.' NEWS OF THE FINANCIAWORLD-NEW YORK AND PHILADELPHIA BTOJJffi.TO BEARS CONTINUE TO RETREAT D RAILROAD ATTI IN NEW YORK STOCK TRADING Motor Shares Become Most Prominent and Make Big- Gains Railroads Ad vance Near Close High Points in Today's Financial News Mocks advanced late In halfway' scis'o.i after Irregularity. Curb tiadlng was retarded by imoipstorm, but many Junes showed strength.. Grain market teas qutct. Cotton advanced. Unites were easier In foreign exchange market. A big Increase tn icscrvcs and a decrease In loans were shown by the .Ycio York bank, statement. Clearings of banks throughout the country were below last week and corresponding week of last year, liar silver was higher In Xcw York and London. ., IIlKh Low Alaska Gold M j.i inj, Alaska Juneau, 214 214 Allls-Chal Co.. l mi Am lloct Sugar osii or Am Cum a-i. ns Am Car& 1M son 80 U AmlntCorp... ft.iji ji Am Cotton Oil snji 2011 AraLlntrtd ,, 3014 jsij Am I.oco . . . . 3,1 541,1 Am Smcllli'B .. 784 l.l'.i , . ',0 I"ef I01;; intn I Am Sum Tob.. 01 'i oo'i 1 Am Steel I'Mry ,1'it, r.n 1 Am Tel A: Tel.,101'4, 101 I Am Tnlm.. -, Clos 194 S'ct cngd ltnmC1VTTTATT T A TT t-htn 'a -r- .i- jrji.iMiMoXJjVAlNlA KALLitVJAU aiTKAt MOST ATTENTION ON LOCAL 'CHi m?t "X. 08 '.4 3!4 14 8014 '.4 3314 '4 28 li 14 20',, nil'. .. '.i 14 10m li nnu Hi Mnny Issues Show Strong Tone Some Orders From Important Sources High Low Close chge . , " Am tin. . t"3 - '"' f 00 cm C ?3'4 !? tint " " Leads Qiet Trading and Is Higher, While Rea& iilriS s'.!: r,;t nH !?? u Declines-Rapid Transit Certificates Advanc4 Barneit Oil & Gas Company Producer Refiner Dittributor' Ttnnerv of ?"00 barrcla dally ci paclty. 103 tank carr. , , Own I'lpo Line from wells to tall road. Dlatrlbutlns titlon. Ptacfd on quarterly ctiMcn'l ba!. ratable Jan. 10 3 an1 3'i txtra, Paltl SSr. Hldnil lnat year. Atttla dallv mnrlcnt tat nrn.m.l U1S). E. H. CLARKE, Inc. MOKTON H. A I.I'A'AMI 1 U t tUeIiltnt rurtner) rhonn mil .prnp "sintl. Kxrhnnco llldr.. Plillj., i-,, !T U'lll.am St. New ork city , Suggestions How i, to Invest Send for Circular L H3 A. B. LEACH & CO. US South 4th St. Charles J. Bender & Co. INVESTMENT BONDS M'nibcrs I'hllailelphU PtiKl. Kxchnnca NORTH AMERICAN BUILDING i 4 anmiai. i:i.i:rno.s ttzzi i'knn I'liiii.iKhKKiri: toxmvvr ' otlre of Annunl .Meetlnc of Morkholrifrt PhllaAiOphla. T.i. IVr. mlcr 15. 1017. Tri Annual Meetlne of MocKholdcra of thf Tenn lubllo Srlco Onmpnny 111 bo hW on tho men ilay of IVbrnnrj, 101S, at l:lo o'clock to, nt the Dillro of th 'ompany, Kooni fl'lo, Hr il ix.ito Trust llulldtnK, In tho City of Philadelphia. Pa.. for tho purposo tf tloctlntf o lio.ird of 1)1. rrctora, vut'np upon the proposition of In rreaslnir th' nuthorlapd IndLbtodnr nf th Company, totliii; upon tho pron-mltion tf ftulhorlslng (in lsuo if thla . Company'a ehort-trrm notes nnd Fceurlnir tho Eanie hv contruct. by plrd?o of collateral, or by a inortgau-u upon nil of tho propi'rti'" nf this Tompapy now ownel or to bo hereafter acquired, nnJ the aulo of aaM note, and upon tho proposition of liur.-ar.lnir tho au thorized capital etock nf this Company nnd forlhi transaction of audi other buslncns as may como btforo tho mectlntr L A. WOOD. Aaalsnnt Frcretnrr. tey . ami: company Philadelphia, Uetunber 22. 1017. Thor Annual i:iectlon for line Irusteea to eere thr-e jeara will bo held nt tho Horn OnVe of the Company. In tho Penn Mutuil Hulldlnir. Sixth and Walnut ata , Phlladei. phla. Pa., on Momltv. Janttiry 7, 1IIIH. Iie tween lb Lours of tn no n m. nn.l a on D.ra. .tflUN HtlMPUUKYH. Swn.y nnrl Trnanurer. SJJ FRANKLIN NATIONAL II INK , IKS' chep.tn"t street HVat of llrond rnnaoeipnia, iecemoer lu. Jll NIJW YOItK, Pec. i'3. Tho retreat of tho hears qonllnucil to bo tho most Important fcaturo of tho trading In tho Mode market In tho two hours of biHlnessi. The lc sourccs of those committed to the nhort htdo had been no completely ex hausted by tho abrupt change In railroad vnltieg on Thursday nnd bear margins fo thoroushly deplctcj that nothing- tle wus left for tho plungers Mho had put out lines of .horti nil throtlch tho first threo weeks of the month except to j,ubmit to elimination rus market factort. , Stocks In which short accounts lcmalned outstnudlnK veto again In til sent demand, with tho motor shares becoming most prominent during tho half day when General Motor rose more than ,n. points to tOl'v. nnd Sttidebaker made u gain of 4' to 1DV Mailno prcfcired, which sold early nt T!)ai, had a uulok adanco to above SI, and In tho lato dealings there was hurried buying of many rail road stocks nt shatn advances. Tho belief that tho new railroad regula tions will btlng tho Krlo preferred issues back to tho dividend list was In evldenco nrr.jhi, with somo vigorous buying of 13r(p first preferred, which ranged from :7'i to :!. I'nlted States Steel common sold down tt S'';'n, hut later advanced iihout 1 point. There was good buying again In Wctlnghouse, which loso moro than 1 point to n(ovo 40. Amcilcan Tobacco lellectcd urgent coveting o shorts, advancing moro than I points to 141ai, utul other specialties. Including lndusttlal Alcohol, were also In demand at higher prices. Trading in tho bond market was without special fcatute, tho railroad list being fairly nctivo at mound tho rango prevailing tho last two days, Liberty 4k, after selling nt 0C.9I, moved up to 97.10. Tho ,",'m were traded In at 08.41 to 98. IS. Investment Confidence Itc-cslablisltcd It can bo said that Investment oonfldinco has been reestablished. It had been most conspicuously lacking for tho last four months. Many of tho fears of investors had been Imaginary, but thero was no iiuthorltatlvo Information from "above" that all was well. Tho turn eamo with the statement by the President that tho Government would "hctupu lously observe tho lights" of railway security holders-. -This may bo taken to mean that Government credit Is directly be hind tho bonds and stocks of tho companies; and In effect It Is. It may bo a month or more before tho significance of it all is appreciated. Thero aro between seven and eight billions of securities of railroads whoso recent earnings havo not Justified faith In tho maintenance of dividends or, for yiat matter, inteiest obligations. Tho depteelation has been tremen dous, nnd tho recovery of this credit power should bo of Immense, ad vantage to tho situation nt large. .lust what tho President meant when he Fald "net operating in como" Is not fully understood, and ptobably will not bo until thero Is somo definite word on tho subject. lint If it can bo taken tn mean tho satno as tho Interstate Comrncrco Commission Interpretation of net, then many dividends that weic manifestly unsafe will bo protected by a largo margin. ,A tentative estimate Indicates that tho Atchison will bo nllowcd uo.irlj 1" per icnt on tho common; Baltlmoro and Ohio, fi.3; Chesa peake and Ohio, 10; (lieat Xorthrrn, 9.G; New York Ccntrnl, 11.9; Not folk and 'Westem, almost 1."; Pennsylvania, S.9; t'nlon Pacific, 14.7, and Southern Pacific, 10.7. St. Taul will bo given n guarantee of about 2.", which, unless thero should be ti distinct Improvement In revenues front operations, would suggest that tho dividend must bo reduced., Tho pic ferred dividend, on tho other hand. Is now t.afe. iin4 i3i 43' -U'j 11'. J Sr N Hl"i 3! II. I m The Annua Unction far Dire tor will L htM at the l:nl;1nic Houm on TuenrUy. " jtmiarr n jwi. ufiwopn iuo noura cj i'i noon an J 1 o'clock p. n, J WM TZAniT. iT2& 0RTI ktkrn natio.nak iink k rhlladclphU. Dreember W, 1917. i . Tho annual metlntr ot dlrrctorn will l IiaI.4 nt Ins tinnlliirr 1uilit,.i nn Tua.ilii .Inn. vary B iuio. ;w n n u niin'i.i m. ii i vj in y iiii, r Xi:V YOKK HANK STATEMENT NEW DEVELOPMENTS Bif? Increase in Kosene, Withl)c IN THE STEEL TRADE crease in Loans " ,ind.i ti in cashier. i.r.o.vi, .M)Vi:nTtsi-;Mi:NTs - il3fr KSTATK orKOHKR f pattiio.n'. In ''OtH cares. KS Iiece-iwil Letters teifimentary on Details follow; M:V YOllK. Dee. 21).- Tho New Yoik bank btnteinetit this week shows big In crease In reserve, with deettaso In loans the above eatato having been granted to the un-ieraiKueu. nil ueruna jnuer;ea iu mo aald ..-.v., Hate ore requested to mako payment, and i . ., ioo .,. ,,,, tho.e havlnt rlilms to present thj same. 1 1'.0'"", ..-.I,12S, .31.000 il,uvi..u.,i w ....... , . .... 44 -. nfl- i,n,t Net tlmo tlepoBlla ll-.,.7.i-,nuii circulation ai.o'.'x.iinii Cafch In aulta. iloi.3J,oou lleaervo of mem ber banks In lte anrvo tanks... . "21.3 1 1 .110') Itcsero In Stat, banks and trust ouipanles . .. 20,101,0011 Itesepo In Mate, banks and trust roimuny deDoa- Itorics VlfBrcsato rcaervs CITAnT.IS T err'T.r. 3tst nnd Clu-atmit sts., 1'hlU , Or to his attorney, 1 FKRDL'IUCK C. NTJWnOuno Jr . 131S Ileal Kstato Trust nidi. Ksp to Tiir. sTorKiini.iii:us nr tiii; & tUMMOMlI.TII CASIMLTJ" TO. NyUee. Is hereby eU;n that th annual flieetlng- of the stockholders of tho Crmmon wealth (Vtrualty Company will le held at tho ln-' city of Philadelphia, on Tuesdas-. Jan MO Increoae S4t.0l5.uuo 3.000 1.711,000 14.000 031,000 .4.-2.000 K.inn.omi doo.floo .-." i.miii i.ta. oi,,i erly come beforo the ineetlnir Notice Is a.o,-JV,o.',ted Statc" d,M!' deducted J.S42,- JSeSe7!,V;,h?.l.rd,oft'r;,r0,c,or,,eo,f,,5,ol7 "IP 5.012.000 ,-rnonne.lth Casuiltv Company at a regular "Decrease ViVT,lnnt.h'.V0f- ,fM on November lJv. r" ACTUAL ?; 'in.etinr 'l15ril0n'n".tk2 ",'1l stockhold- Leans S4.118.775.0u0 J33,llSd.O0O it i!!lr,r. -a' t ,n.!.'10. twenty-nlnth day , Net di-m.uid do- ?iduXn if Ath,' nolhoJi J.n ""i1, f0.1" the o.it, ....... t3.r.fi0,ic,s,ooo 02.00I.OOO mon"Tth ?c-.?oK,erm,-cnrlul of Com- N'et ti"-o deposits. ltts.4US.onu 12,574,000 R looioo hMiK?hi;?JU,romJM".no' Circulation at, lot. Olio 311.ODO v,i5:r. ,.. .?i5"..Vb"'f' t. tho. titock-, -h m aults . . . I11J.Ipuo.oui 0,050.000 !...,.. """i,:.""".u '.". "'""W ror the rat- I Itesore.. of mem- ueituit u( bhio Binrinnn... ..K., e .. . - Am Tobaceo Am vVno Am vrt 1- put 23i, Am Zln.- s. i, ijt, Aiuuoinl.i -.u Atelilsun . til dn iiref , s:,n, Allan (1 .c. v t in' Ilaldwlii I.oeo . r.K"( li.tltl , (ihio . ,-,tn, do pref . . .151,, lieth Steel . . 73 "4 do- 1! ;s'!i do pref t e . :i:i, Itiook J'.ap Tr. 4 1 Hums tlios. . . 1 la'i Itutto A s Cop. lir.; C.il Petroleum. is,i do pte-f. . . . n71i '"imaill.iii l'.u-.138 Cent Leather. ;U Como do Pa.co 3oart Clmnd Motets. s Ches ,t Ohio.. ,tl 'i Clil r;t West . H-4 do pref. , 2I' Clil JI ,C st P . 17 Vj di pief .... 17"i Chi & North . . 0,1 Chi. 1IU Pic 2.1 I do t! p c )f t e 3. j do 7 pu pf t c C7'i I Clnlo Copper. . 16!j Chhio Con f'op. 40-il 1 Col Puel & Iron 3.1 !, Col Cis ft ;ioc ill1.. I Consul Has . J 'Coin Piod. .. -;i)'i i do prof . Ill' j Ctucibln Stel.. ;, cuna c sugar :;', , do prof . ..7 7 Pel iV. Ilud. . lOR'i I) U el V. US Homo Mines. . . 7" lHHtllleis' Sir. n.1", 1 l'rlo . i;i do 1-t prof . 2 iln 2d tuof. .. ;! Gaston M'llllams S3 Gen i:iectrii'il.l2Ri, General Motor. 101 Gooilrich L! 1'. . :I7 Gt Northern pf. bold do Ole subs. 20' Illinois Central. 0.1 lnt Agrie-ul pf. 37 Inspiration Cop II Iateih-Cons Cor ti do ptet . . , ilVj lnt Ilnrv N" .r .Hon lnt M(r Mailnc 20Ti do pref . . . ma. Intend Papei . . 20U lnt Nickel 20-'i Kansas City So lfii'j do ptcf SOVa Kelly-Spring . 30 't Kenneeott Cop. 31 .j l.ack Sleel . . . 73 ', l.eh Vallev . . SR-, Louis & Nash. .112 Ma MoV-r ... 2.1 do 1st prof. . 50 do 2d prof. . 2IT .Mel 1'ctrol . . . 701i Miami Con Cop 2S',i M & St L new 111 Midvalo . . . Iji't Mo Kan & Tc-c U do pref . . .' . to Mo Pae . . . -i do ctfu . . . lilli Mnnt P,m pr nil.. Uncertainty as to Future Quo- vati mseuit pt.ino' ... t Ty t i i Nat Con Cable . 1 1 1 j tations Has Been Relieved Nat imm & stn so-a Natl Iead . . U'i JCev Con Cop. 1RV, I N O Tex & Met i'i , New York Cent .i ' v vtt jc. ir mi. There wero two developments In the , v -y n . West ' "l"'' .Mini HUH 130tu 13', 23-1, l-MJ ,1!) Sl-i St' 111 Ni:V YOnK, Dec. 29. Tiadlng on tho llroad Street Curb was Interfered with to a great ctent by the Inc'cmcnt weather, the street market being swept by a blinding snowstorm. There was n sttoiiir lone to munv Issues. j ' however, nnd a number of stocks v.ere t , In good demand on oidors from some ltn- ' -, , portunt souicc enojroiet vuis about the Most t.cllve IN li rentute, dropping frmn ;.;, t(, nn nnd men tallying to !H Tin tn was fulrlv inrgo trading m Pnlt. d Motor ut 19 tin A"n nf " In Co Am 23'i "o Lk S Crp MX, 31I.eh Nav. fiji-, 204 I,eh Vol. nii, l"i -Midvalo m '! ronit It 11 MMMIIa ro "Il l'lill.i );). 'I3P P. T l I'h True. ll'iltr-adlnR.. Ton Uel. 1 10 Ton Mlu I it Trae IT'.V !.V, 2.1 7.1 3 I 53T4 12 til .IU 13 47 21!i 31 H'k 20 23T '.(. il n 111'., '.i ,1H 13 17 tt Fractionally on Small Turnover Tf 3,' 3 ICre was a falrlV l.lrire. turnover f.f Pennsjlvanla Itallroad shares during today's sllOrt Wnlen .. ,,n..,.l.u. 21?i w'M',ck Kxchanw, but only limited trad. mi, Hi other l-sues took place, Hollow- ' "in tho ,.llrs0 of C!1,erdllj.f ivnnsyl- J. ,m i 'Ida contlnueil to move upward, nd- A V1:''" n 'liwrter during tho llrst hour A !":.' "hll Uoatllng a Inlluenced tin 72Ki 3,', 3U t39 after OPenlnir fihoVA veatenltivU bUr nLl ?howed llttl- momentum. MAS ...n, uunua were quiet anac iinccs were unchanged most of the : "TL . .-& i. V? "'"""tr report or earnmi i ii-u uuiuid ana Musquehanna KaH showed n lartre lncreasn in th' i nperatlne Inconia over November of i )r una me net Income Increased i.. .- t.-j. n inn rn.n .. .... ....... .,.a- . -- - liv tl. urn, e n "";?-.:: V. V,Ilun?e" .""S ."7, as compared with, IU ,n.i ,... . i .. .' ""'"-" eru iiutrKci in in 1316. For eleven month. tl-a .11' 73 iiVj .U ', ',B .1.1', 1-1, 73 - ' 131', ' ll' -i 13i; i- '.'a A ..; "... nnd Chahneis .anged from Mo U3oCssW .. A " "- Ulh;;:J!:C(r'tor:oXSf;S,15f Standard Mo.or sold nt S'h. Un! a t ,"Uu " : ,:"' " , "!' ," . . , r" "?,"U ,r";t rt"lM showed I the net increased 7U17 to IMwrffit "..all amount of business was trans- fUoln"" flven l Snst..idiiV close. I '' mr"t" "few transactions, ad- Gross carnlnn. of the Phllad.Sil- ncte-d In Artn., I'. uM ,.t .:'. ii , vanclng fi ilonnlly, nnd a sinnll Kain Cmnnanv ,.-." v i,-- .7.' " ,!72. 'i. AVrlKht-.Martln -Sold nt 0' and .w2,h,',l,t'?',,mrr,',t ;,"V,TI "'L1' trie .e ,) ,. J, ,' ."n,u,l'""- Electric. Llec , S8", an Increase of J4J1.089 ovV'IsSk"' 'C Submarine nt 11', ntnl It and Maslin' illiUi I ' f,':,'.',, ,'";",( T-V":"h S'S "I" s unchanged and U ember, 191G. and the net d cre- Munitions at and rt. ''" ' ' , r ,,' ,'i8, ",ro i"-"" up agalnst J30.13O to S972.S93. For eight moSSZt The oil stocks showed n quieter tone lmN)s Not ,,"','' " '"'I'lovomont. 'lonopnh Uel- tho gross was J23.601,086, n iramr Willi cenr.illv ..,.-..,- ,l, to ,ilou liiih't,.,, n. eiii t"on.t "pd Lake S'unt rlor J3.S73.77S. nn.l h. .. ....J ...' l38 CoHlen was traded In nt S nnd ., '"'. Ill-it lll" II 12 31?i 137 m 311 '3 ','j 50 24 't in'j lll'j 21 r.i 15'a iou 3. Hi 11 1 '.i S."a 29 lll'j 51 20 ' tl7 U.I 7'i 32 V, 17 2 7 ', i 21 33 Iln, " 13'', ta, 37'i I 2'i I3S 01 i 30 A 117 ,s ,11'i - S'j ) ' 21' t - ', U ", 77 'i HI I- 21 SSli ii.1 , 15', ' tin; 3.1', - 31', j CoHle-n was traded In nt S nnd Iloii'-toti at 41 to 40, International Pttroleum at I! and i:1;. Meiritt 2l4 to JO-, Mldvvtvi nt 103 and Oklahoma ut 0''t ninl (,",. ln mining stocks most Intorept was .it- u trclied to the slher Issues, Nlplsslng ad vancing to 9 and Tonop.th Intension sold ut l't. .Magni-i was ttadeil In at 10 to 3S and lllg Ledge sold at 1, to I'i. so eiooou 1. t ons oS '03 S.l 3110 Llhllonils S'.-s.. IIS..1U !IH lOCOII ilo Is. , !i7,o 07 -I,,.,. ... ... . ... ..no, no iii is iiTio fii: kii 'IllUlIlec 1st C. y.t in 3011(1 CiMill,,,; pen Is s.l'. 3l eonmion Ucilno,! fractionally low tho same period totallni: J,'l91, F0KEIGN TAKINGS ' STIFFEN COTTON OATS APT? T? A CTTTIT " HS J- KJ iaiu AJXlkJJ. XJalW ,' Ay& 1y IVUI si ; ., ,: i Aetna i;.pioiif-s . ' ,-ri Am-llrltlsh Mfg , Am Marconi . . . Atner Writing Papci . Air lleduetlon i Canadian Car Co. . . ' Cii. c.ir ,v l-'Jy pref.. hirco.il Iron . et , lose (Mli I j; lii. '!!' -olet Motors L.',JZ rlfr.unp "',' : Curtls Aeroplim s 3'i 70 II II I II". ;t'i in.,i"t.,Ji;?i'.",.,L,,SJ0' """1'irril with 'I'd.- I Local Hid and Asked i fiXT T.ATinnn nr,nnnri"iV. win uAivujiin Kjrmao jm s M iiuiuiry for Cash Article Free Greatest at This Time in History Hon Sl.trrtflv M v?i Covering by Weakens Technical Posi tion Slightly .. -V.i3 ckoa.; -la uiva ms CHICAGO, Dec. I9r To J is- 1 11, 1 -I 29 Ill's .. 5.M, ill", .. 107' i "7; ' r.i'j l U'i i. 2S', '4 2I'4 ! :n'i u i'i : 37 suit 23'. !I3 30 'i 1.1' t 7-', M'j 110 211 79 '1 20 is; .-.u'v, 3'l 31'm 74-i -t-2- ' ' I'i ' tH l'.j 'l 4 I by War Industries Board NEW YOllK, Dec. 29. net i an mm ihv mn.. a' .' : " in orsl about fTie re.lJumJnt or ViefS-iV" C.C.ul,y06onhpan;fP'U, " CommonWaftl. By order of tho hoard of Directors " COOK. Secretary. ANNUAL MBETlvna I1SK MIRTH PKNN IINK i33 .Tnentv.nlnlh ...i The Ann pi,ivIiIil,iJri"nIn..h "ncl Wnnphln S. Phlld-lpM-i. Ij-rember " 101 nnual Meeting of ,. .i.r.i' .,."." . , hi. ll.nk. for tho "elect on oV Dlreetnra lll 1 hald at the Tianklnc llousi on TuesdT,. 301,439,000 48,041,000 120,110.000 8. 170,000 50il.il34,uil 477.057. 17" 112.3711,8.10 SO, 801, 000 305,003,500 588.000 1.IIB0.000 47,500,000 12,4.' 1,380 35,1J5,V20 n. T. WOTEH, Cashier. DIRECTORY OF ArrolIXTAXTB ..W.,KF;-NSEi-.I.:n0WN ro. -l?J!5.U?A''. KSTATE TRUST HLDO. ...J3!0'' ,K- Watson. C. P. a! ' AUDITS TAX .REPORTS 24,734,700 1,011,500 BANK CLEARINGS DECREASE Business Falls Below Last Week and Same Week Last Year Bank clearings throughout tho coun try for the week ended today show de creases is. compared with last week and j the same week last year. Total earn 4t" lngs for the week were 5,029,9S2.97D. !Ri.,.,,.;l',l,',,'H Iast we,k- a Currency, bank Philadelphia gained 8.B r ...i ,... , I;poslts, the corresponding week a year ago. . - -'.Hfl tUl.VIIVi Chlrork;,2sRi'J?-???2'a,Vl3-,No'i (tllcaiTQ. 34H H77.777 nin Hdi'uiii 1 o .. bor bankH In lie Bcrve uanKs .. , Ittsero In Htate lunk and trust companies ..... Iteero In Htato La nk t nnd trust companies depos Itorles Asm ca te reser e lleHorvo required. Hurplui Ibpocit Included. United Stains de posits devTAed. Uccreao. OUTSIDI3 J1ANK STATEMENT .STATU HANKS Increaso Loans and Invest ments .;.. I422.13S.30O 12.705,400 Gold 18,835,800 11:0,201.1 Currency, bank notes I. noalls. l-'cdcral Ile-aerve Hank of ..,. New 'ork 37.151,200 0,071. BOO Deposits M2.B54.I100 ,072,UUO Iteserve on deposit 105,012,800, 0.821, 100 Percentage of reserve, 24 Increase, ,1 per cent TUUST COMPANIES ISena"ln.V.':l.S37.7O0.7OO .,20.780.700 Oold 21.833,500 S3.272.tl00 Cb.!r.en.?:. .". .". '.'.'r 13.212.-200 '173,300 Deposits, Federal ilewTork"!'.?. 1M.0M.S00 .2.741.000 Penoslls 2,033,007.(100 .211,1179,000 Heiervo on deposit 315.022.200 '1.778.400 Percental; of reserve. 20.0; decrease. -J per cent. 8TATB HANKS ANll THUST COMPANIES NOT ItEPOBTlNU TO CLEAIUNQ HOUSE Loans and Invests .. ... ., .... , ... JO lt n-n, OW llililll" 1V.S01.S0O 3.037,000 ments ijnia lloitnn V . Ut Tool. ? Hv7in::. i PlttsburtTh petrolt... llaltlmore. n. uritans t ,tJV9J t i-i.tss, t. -'.in.4L7.ia 175,170 OSt 1.17. 710. OOS 12t,182.n7.1 n,o.is,73-.i A7,0flS,nqs 7I 870.7811 30.40.1,010 50.857.HU 230 878.127-1- N.n 14il.nvn.2aii4.19. 4 Mi.n;:.Mi.;i-fcr,u.ii nn.4jn,iiiii av.7 50.04S 5154-24 .1 5)1,347 n.'S4, 2.11 37.272 I1US4- 5.11 2 023.314- 0.4 82,149,044311.0 V.deral Ilrsene Hank ot Mtf 10TK total deposits.. Net deposits Iteserve on deposit 13,197.200 M ' Vi i"'M'T.e5l 13.488,875.313 0.8 '?(, cltlei, B .-Wt- dy ... 825.4, 8.944 508.481.I1S53.O Ai - . . .. - riw 30tai an Pi, cities, 0 if,, ir1,cltf.V",O8S',S0'8M .'3,080.5C34. 2.2 D4a.M70.384 1,074.601,431 12.0 kW day :,, iC'l-ctaf. all 'orvreek.ia.a.saS.DH) 13.06?. 042, 017 0.8 $. BANK CLEARINGS 't. lMi5LV.'.?-.'A1'Jj'y compared lth por. " T, niV." ."T ir,V. U . .!' "t.V.M"" V.re... , 03.207.700 l,77.2nn o.ii.au.inn' .14.07.1.000 810,870.000 '4,1)117,800 iTi. oim una 4.138.400 l'tnehtaKC of reserc, 13.5; increase. ,5 per c nt. Decrftt..e. MONEY-LENDING, RATES iMiM.,ni:Ll'HIA Call. 6 per cent ilmo t05?i per cent. Commercial paper, threo to four months. 5WS& per cent; six month, BV4054 per cent. FOREIGN EXCHANGE , NEW, YORK, Dec, 29. The foreign exchange In the early dealings today was .dull and featureless, except for nn easier tone In rubles, quotations were: Demand fterllng 1.75',4. cahjes 4.7C,V Franc cables B.7S',J. checks 8.71 Lire Checks 8.37. cables 8.50. Swiss checks i.SS. cables 4.38. Qullder checks 43',i, cables 41. Pesetas checks 24.12, cables 24.40, Ruble checks 1!U. cables 12 '.4. Cbrhrtlanla checks 31 U, cables 334, 9i, eum . 9FB v steel situation durlnc tho past wcel: which conflict so far as pre-eminence of Influences Is concerned, and tteel men aro inclined to stato that these de velopments mo tho most Important that havo arisen In the past few months. The first was a dispatch from Wash ington that It had been decided by the War Industries Hoard to reafllrm pres ent prices for steel products for a period, probably for threo months. This le lleved tho uncertainty which prevailed recently with regard to vvliat n.uota tions tho future would bring about. The second was Government con trol of the railroads of the country, which steel men believe will msko for Improvement tn the transportation sit uation through an Interchange of cars. As steel Is probably the most Impor tant product necessary for tho manu facture of war articles, there Is hope in all quarters that tho movement of commodities to the plants and the out going shipments of finished products will bo taken care of satisfactorily, Hoth these factors aro the most favor able that had been looked for nnd should bring1 about an Increase In the output of the steel plants In the coun try, which steel men expect to put nt nearly loo per cent If tho proper rpjota of workmen can be obtained for elllclcnt and economical operation. However, It might be said that nil tho steel companies are not satisfied with the present prices for steel products. Among this class Is the smaller manu facturer who Is complaining tliat ho cannot turn out the product at tho quotation named for him at a. profit. This Is due to tho fact that mnny ot them nra compelled to purchase tho raw materials In tho open market, which makes tho finished product expensive. loo', 37 211 li, I .17 l.io, 7 !'. lion .. ;or. - . 80 U .. 2.1 'j .. 2(1 'i lt"i '.l ."id; . . 39V-, 'a 11 IU "s 7l' n ft! "4 57", ", 111" 112 23 24 ti --I All -, I ','l'i --1 77 -)- T, 28 'i ;, II J- 'i 13 'l - ',' 10 2111 "i 4,1 ' .!' . urn i hi, n 3l)a. ', t."i l'i i8n r 2.1 J 1 71'. "i sin v, 23 15: 2on 7.1", 28" O l-'j 0 111 2l'i 45H 0314 100 H'h :io"4 42'i 18' 71'4 SI'i 23 1, C.mven Too! Carbon Ktcel 7o nunr.son I'lionumnph. :: IVdi ml Dye is Hondeo Mft: in fnter-I.uho ... . ;i , Ivalhodlon lliuii.u pf. I I,.Ko Tuip Ilo.ll .... 20, I I.fhlsh Cu.il Sale. . , in' I l.Illl.l I.Oi'O in I llavrni Miiiiltloii' . a, I Alntlln Anns . ;: N Y Shipbuilding . . :n Nor Atner Pap Pulp, . Otis CIcv.itor in I Peerless Motor I Poole Kng tn i lieddon TrticU l.l , S'oilpps-Ilooth :t , S S Krospii w I i,o standard Motors .... s Steel Alloys ...'.., n Subniarlno . . lo ht Joseph l.o.ul . . hi j Todd Shlphulldlni; . 70 Tn.uiKlo I-'llm ... iH I'nlteil Piollt Sharing I.' S Steamship .... ,-,' I nltrd Motors I'nlted Sukiii- . World's I'ilm , Wright-Martin Air ZIup Con-cnt M'Mlllll Oil Illinois ii Ohio , Ptairlo Pipe . . Stand Oil of Calif Stand Oil of N .1 SLintl Oil of N V 80 3 l an 78 81 30 2 ' III II CO II I'.i Vni.i , , ,. u, IllldlMtl llrlll I i . Uuf .t Sus.i t , , do pref . I. lei trie. Mor.iHi Oeni ral Aaplult do pref Krstono Toll phone. do tr itfa . . . l.aUo Mip ,rp l.eluli .Nnv . . . i.i nun v.u .. a lVrnMltanln I'hll.l Kleelrlr . I'hll.i i'omoaii do il i-r eout pr.-f an J hilj HTI .- ... 7.1, ,l .oiom Ton liilmoiit 1'on Mlnlne . ' I'nion Traction C O It.... f S Meel lorl: lim . do prof .... I'ram Huns 17 5 I 4! 4-1 It 4') si .111 12 1,2 "l7 ' 21" l'w a Di :iii .vc .14 111 IS I'i'a 11 51 1 01 SV. :tiV i i.-iij -i:V YORK. n,,. .. llo.ivv fuiclgn takings and n irocl A Miie.biu. eueie.. .om'-..'.ii.j'. ..-" .i uomcstlo Inquiry for snot stiffoiiefi ii. tuuri.Pt r,r ,,,i. ,i.i. -ii v i"il' , , . , - , . - " .p ,,n iuo, jniii,, uuc irnu- ' an r.c VI ",') 4il 4-) 1 I I'I 8'3 Ml 12), IM.i 2S 27'1 uvrltiK l.l-idav roitnn mari.e-t fiuthrr mdnj, nlthnugh -. ... iji-l llIlf-OH Pin llfll too nt., ,,ft.l ?', to piollt-taUlng. ..-,i It vns declaied arounil tho ling that 'l Iho Inquiry for tlin ucttial nrthlo was insitlio uroatt-'t at this ttino in history, tj tho ChrMmas iiml New Vear'n period ",', being usually dull. fl -- I'm tono was displayed at tho l-'j 1 opening, aUliDtiKh n supply of .Tanu-r!;-, I ary by Wall htreot nnd soino room 17 ttailers foriod that montli ilmui - noioto on tho o ill. other positions vvete un rhnnged ti 10 pnints net higher ino icatuio it tho market Vas tin; '"i -J ?V' :;.'. -in 1.0 't 8S), :i 32 8D liig wjh not active. Tho sales for export In the last 4V& iwouty-Tour Hours wero estimated at 500.000 hlishelc l.. It ...n C.II....1 .. - ' .'.."'" "-'i )- w-o itciictea cnatb ,,irt snorts had covered freely on the recent && ..utuiiuu .ino ronsoquentiy tno technical .jiM position was: weakened a little. In-JifM usri) uiie-rmgs ot oats from Illinois :y nnu tovva were reported. Tho receipt!, 8 here today wero 140 enrs. C7Sc. against &V.1 . ..j--f-: .i December onentd 78'! t li'O lit the end osterd.-iv. norf T1T -tt-C 'CitViCar. compated with 76'.Sc at th M TIllT lUUlkot nt l.li.rnnnl ..,., e. . rM niijing, believed t l,o for tho ace-uunt "Ith the demand for consumption good," jm of tho Pat P.a.st, nf October, and that ' and the weather cold. )Vi 1 ,..,,iA.. .. ... . .. . -- .. ,-.,.... ...... .. . ... ..2m .-i-uwii .,-! mo. MinnBe'c .now Orleans, -"i,i iniii uecauso or tne colwla .--, ...... ...... ........ ,. v , v ft"V, ..--.. ... , .....uw hod idUUUDIl, .' buyeis. whllo eoiiiiiilsslun houies and outlook for the movement belno- ml somo spot firms teld. promising. The receipts hero today werji'VJ 1 clghty-clght cars. 1 , last eai. I.VACTIVi: I'HILA. STOCKS I'ollowine aro uuotatlons for Inactive stocks listed nn tho Philadelphia Stcclt i.scnango and in which thero wero no Jnminn Receliits at th? ports for tho day are osthnated at 20.000 bales, coninared with January oneneil .it !t e.5i mi ii lfl.SlG bales last wool, noil 20,517 balc3 against $1.20'.i nt the oml est.rolii-1A-Si Inet toll -slfna...l . -- .. . . ? H ;'"'. oiarieu nt. i.2&tai.24i, against.",:. $1 '-'o nt the close Vesterdny. and later fti trnllS lot lell-l to.1 TI,., ,,rlen o-U-eil lal-irill -- ......u ...... , . ,.. Ill.lv f...:t. .,-,,. .IUK pot tho hut ptevious olose Am clas Wnr .inier .Mil 18.', Ill 30 31 r'4 a, on I . MOCKs HI 100 ill .'inn 3'i !!'). I'i l.eh Nav PIS pf T.9U 1)1 I title ThuUldLl 51 Ole! Stor.B .1, Ml. ,..).. 11 . r.'. -vn) More.t pr,-t nj .North Cut .... 7J llUlf i Susq 1 .111 IV nii.1 jJali ... --il lijtr siis-iu r-i I'll r i;.i. inn ,SIee t-; Hues Co lien.. 4U I Olll hleel . . in; n 1'os N" J... 201 Con Tisu .V J i il", I ,:.is of N .1 .'-i'i.. I Sen Vsplnlt .. ll' 1" S !-leel iref .1114s. Ins L'o .V A . "3, lVarwiik Iron. 8'1 lor.M pref 54 IVist "'oil . 7H Ie 'r. 1 1st tr i7n wni fminn . 71 KqvMi ii r, sip, York Itwy pf . 32 I-eh nl 'lun- "7'j Lit Illos . . 25 l.eh "it Ir pf . as Yin I i lo-i i ipen rn 51 :io u 2li HI -.) IU 2s r.ii .--) no 2-1 111 -.".120 31.51 an in 20 71 29 SO I. on. 111! 42 20 no 21) .VI ."1 2D an 53 Eold Qt $1.2S',i. Cotton Htatihtics .,':," "'" lu" ' i-ivcrpooi was hard on ah j -,;:;;; scarcity of spot offers and light stocks. JS 31'i.j Tlin receipts of wheat nt Mlnneapoli-'Sal anu Duiutn today wero 201 cars, agaliut-M 260 cars last ve.irt nt ivio-.i.iA ut . i-?,i i ; ..i .''- i". w - M,-??n ni:w Yor.tc. Per. 2n Tim statistical ! c"mParca, ""h 100 cars ; at Chlcao lff nation of cotton is as foiloiin cars, against llfty-ono cars. ' i.enamjr futures rantted as follows: .V jest-o Close , close !-27K5 l-os! Totll VlSlblo This week List week last Itir supply . . 4.5S0.201 '1.127.000 5. 810.535 . Of ivhl-li . Open Utah Vraerieiu. 3.30S.2C1 3 323(111". 4. 70S. 535 orn (new dellieryt il in H u ' '- -. Deo. 2-- . n on.1.4'.t r. Low New York Bond Sales Cotton Buyers and Sellers inn.- " Ni:W YORK, Ic. 29. January i JJ;j.cli ilulld. Nowman, W. Gumoens, Rcarslej l" Laid coo.ooo s 170574 ?' "" i"isJj list)',' I'.ibVtV.iW i$MM tints- 1- J--5-' ,'- -t-MHff.MvSS zw ,0'ri Clfford, Norf S. West..l0l-!rt 10li 104 "4 North I'.tclllc . 87 Ohio fias . . . .lo'l Ponn R It . . 47 'i 1'ero Marq .... II do pref ,11 Pitts & West. 25 Vt Financial Briefs Ml 30 n 40T4 11 .10 SITi aj n 42 80 3! 80 38?, "i -l-)4 November gross earnings of tho In terboro Rapid Transit Company were 13,454,687, compared with 33,401,757 the same month last year, or an In crease of 32930. Net for the month de creased 1321,969. Five months gross In crease 3538.310. with net for tlin nerlod 313,400 decreasing 31.041.192. Theodore P. Scott has been appointed an assistant treasurer of the Lehigh Coal and Navigation Company and tho Lehigh ana Sow England Kauroaa Company. dross earnings ot eighteen railroads fot the third week of December wero 4 311.390,442, This compares with $10,- 932,600 for tho same week last year, or an Increase of 3457.842. CLOSING LIVE STOCK PRICES CHICAGO. Dec. 29. IIOOS Market fair- ly active at opening- prices. Ilulk, 116 50 W l.75:,llfllt. 115.75010 80; mixed, 110.20 la.Wi'rouirh. Sltl.inOia.3!.. w CATTLE llecolpts, 4000 head. Market steady. 14. 23. SllEEl'- Hecelpts, 40f head. Market strong-, 113.10; lambs, 318.05. HA. Dee. 29. IIOOS He- jlamet steady. ooo head. Market SOUTH O ctlpts, suno CATTLE-nominal. SHEEP None KANSAS' CITY, COeo. 28. IIOOS Re ceipts, 2SO0 head. Markst 10 cents lower. CATTLE Hecelpts, BOO hesd. Market H.Hllll.1, Pot-M Co lt pf 2-; Pitts Coal ... 43V1 do pief .... 80 Plcrce-Arrovv.. s; do pref 81) Pressed Stl Car BS-H rullman P C.lisii Ry Steel Spring 47-li Ray Con Cop.. 22',i Reading 73 Rep Iron & Stl 7711 do pref .... 03 l St I. S V w i . IP', Seaboard A I,. 0 do pref lli'i Shattuclc Ariz, lflu, Sinclair Oil ... 29'j South Pacific. . 8 1 V, Southern R R 24y, do pref . . .. fl0',4 Superior Steel. 37 V, Studebaker . . . loii do pref .... nt Tenn C & C wl i;4 Texas & Pacific l Texas Co 13l"i 132', L'tl-Ji '(, Union Pacific .113 113.; ill y. do pref 70 I'nlted Alloy H SB United Cigar S 00 United Krult ..115 U 8 Ind Alco..llK U S Rubber. . . SO', U S Sm & Ref. 44 H IT S Steel 88'$ do pref, 103'., Utah Copper .. 18',i Utah Sea Cor. 0,$ Va Car Chem. . 3S',j Wabash OH do pief A. . . . 4 1 . i do pref II.... 23 West Maryland 1411 Westlngh Mfg. 40V4 80 301 47 14 I), 111 l',4 2Bl i t It, 4- 3M 1 80 M 82 80 ,18V, Ii 112. 113 3Vi 47'M 47V4 174 S3 Si W 72 i 77W, 1 2H Vi "74 0 1 Mi Hi 10 V H 28a; n 83. "4 21?4 !i 59T4 14 37 n 4y tk. Ot 12 Id i.vni.i'i:Mii..NT Harnett Oil & Gas... Cosden i'i Co Klk llai,Ir. Federal Oil Inter Pcttol Houston OH Merrltt Oil Midwest Oil Met Petrol Ohio Purl Oklahoma. Ref Rico Oil Sapulpa Ref Sequoyah Sinclair United West Oil.... 211 210 5211 23.1 OH, I', Low 2011 STOCKS i m r.j.t 211 1! . 39, . 3 'l . 211 .103 . 10 . 0 14 . l . . 12 A fl'r, 13 3W 2l)ii 03 ht 10 flJi "i sy, n n 2S, 121, 40V1 21 103 094 ',i a4 li MI.MNO STOCKS 73 V, 77 93 'j ll'.i 8 IK'.i IflVi 28"i BS'-i 2li 5DT4 S7 43 1)1 13 111 1 li V 3 9. Woolvvorth Wheel & I. '. do pref . . . . White Motors. Willys-Over .. do pref . . . . Wis Cent ..., 114 Ti 30 38 8ll-)i SO 11114 IIS 117 117 toy, 50 41 43 1 87H 8811 '4 103 10.1 X!j 78 7814 4- 11 10H 14 33Vi, 314 0 14 43 14 22H .. 14 li 40 1V. 10 33J4 0 4314 S3Vj 144 3814 11 1) ',4 108H 110 3 iuvj i.t 3374 20 73H 39 10 St 33H 10 7SU 3D 10 li 23 U 35 .. 20 1 '3Vi Ui 38 RAILROAD EARNINGS CHICAGO. ST. TAUL. MINNEAPOLIS AND OMAHA .. v .. .WIe. Inrrease November sross ... . SI. (til. 128 '131.371 Net 403 275 '284 215 Eleven month' gross 20,070.008 611 014 Net 4.502,128 '1.454.223 LOUISVILLE AND NASHVILLE Third week December 11,440,880 1188 om From January 1 74.280.648 ll"l2l.4J0 NEW YORK. ONTARIO AND WESTERN November gross 1710.527 $30 119 Net ;.. 07.076 .28 503 Eleven months' gross 8,476 630 soi'hio Net 2,117.128 Tl'.UO Decrease, Alabka Standard .. Atlanta Rig Lcdgo nisbco Cpr (a pros) Rutto Cpr & Zinc. Rutto New York... Cal & Jcromo Con Ariz Denbigh Silver ... Emma Consolidated First National Goldfleld Merger . . Goldteld Cons .... Goldfleld Florence . Goldfleld Kovvnnns Greer. Monster .... Ifecla Mining llovvo Sound Independence Lead. Jerome Verde Jim Butler 70 Jumbo Extension J3 McKlnley-Darragh , . 57 jiagma copper Mother Lodo Mines Co of America. Nevada Hills Nevada Wonder Nlplsslng Ohio Copper Ray Hercules San Toy Stewart ) Tonopah Extension'!! United Verde West L'nd Con White Oaks White Caps Yeringtou " in 1 14 6 01 1 l"i 11 I'M 3 8 I Vj 4 314 :i 38 26 lli 13 II Hi ni 814 1 1 114 1 ft Ms Hi T4 i',4 1 1 ft 114 :i lIUll ll-'Ouu Aiia.o Prem li 5. Sh ll'DO Atrhlson ror 4 . s.iii, 18)101) Halt & uhln 4s 74'- r-ouil llordesux Us 82'. Kino I'tnt fy.-ith IfI 5s 111 looiio Che, 4 Ohio 4'ys . 7i) limn do rom oh .. 7o 21)0011 I" 31 8 I1 rf 4'js l.s'a di cv 4'.s ... 75' j 8000 do ren -ms. . . (.s 2001) Col L Mouth 1st 4a Hit's llHHI'l do I'.B 7l' 1000 l.rlu conv 4 S A. . 4s 2200D lo ronv Is S I) n I'i 4001) Ioa Cent ref Is. 41 I lit 10 lnt -Viet e'js . .. ui, .Mini) Kan Oltv So 5. 7UIA loiinii 1.U1 nond 3i.,,h. . nN.iti nti 32001)11 ilo 4h 117.211 117 8818)0 do 1st 4s 07 III! Ron Mn Kan 4 T lnt 4s an 3n 2-iK-ii .Mo I'ne Is mi Itioo N V Central (Is til'. 3000 N V Cltv 4',ls 1005 D3! 2(Hir N Y N II tz II Us . 81 lliliO Mo Puc prior 4s.. 831; Still" Penna aen ct 4'is 8S 3000 Hep Ir U 5s.,.. TBI. 20011 houth lty gen 4s m, aooo do con 5s US'. iiono ir s steei h t r.s. i)74 2101)0 IT K O II 4 1 6s. 07 7000 UMon Pac 0s ... 88 'j 83' 1 ;': !) ).f."l 7s list. 7V, 1,8 8IP, 7l'j is 51', 43 yvn BS'J III', I3 8.1 83'. 8S 73 (II i lit', l'7. 1)7 S7 nnd Rosenberg bid J Cardoza Sternbocher and lilack offered Match Kclffe-r, Allen, Rosenberg, R. Hubbard and Deacon bid; Morrison, CoiS. Slack, Newman and Catdoza uf foteil. . Mav Downs, R. Ilublmrd, tilfforj and ""J Segal bid ; McUnany, Hartcorn, W. Uu "j ''nofcns ami Rangtr offered 10 1,8'. 1 Julv Glfford and Gumoens bid: Bur- 8i). iirtt. Newman. Cone, parrott, Wiggins, il.utooin and Junes offered. 0 tuber Downs, KclfTor and Schley bid: Hartcorn, llentz, McFadden and Mclhi.iny offered Reserve Banks Pay Dividends CHICAGO. Deo 29 Tho Federal Re serve Rank has declared a dividend nt tho rato ot (i per cent from July 1, 1918, to December 31, 1917 thus fulfilling Its full dividend obligations to date. Gover nor McDouual and other executive offi cers were re-olcctcd The Minneapolis Federal Reserve Rank has also declared a dividend, paable January 1 nt the rato of fi per rent a year for an eighteen month period. floSS 88 83Hi 821. 1)1 71'j IS r.i'j 43 :', 7ll 1)8.40 117.20 111 30 00 lli'i !!. 81 st; 8S 75'i ill', HI', D7, 1)7 8S'i Total sales. 83.081,000, I Omni red with I , , , 1 . m, it..:..1 1 js7.oo3.ooo se.trrdari thus far thi, week, I Stock Dividend by Bush terminal .11 ifln uuti s.tiiio ncriuM mm itrek, 9io,. 933.000. vi-.W YORK. Ilea 29 The board of 'dhectors of tho Rush Terminal Com pany declared a regular semiannual divi dend of ?3 a share on tho preferred and !. Jr. 11. Mav ttlhs SI 80'; Till. 781 711 77. 76'I tfTU 78; 7StI sfiv; 8lt D.I.PO 23.PU 2JS0 23.80 23 DO 21.07 21.30 i "I 123.W ?i TSfH Jn ....2.1.87 4.m -May ...21.53 24.52 . l'ork .Ian. Mav ,. Hid .43.00 .41.70 23.80 "23.0.1 2i -;t.ou T.-4,oO 45.50 45.31 44.87 44.80 tAskcd. l.Vomliial. 4.1.30 1.133 il W4s svaj.ll 21.ST sis 4S.torr-yv yf tix.i V .sS)S ' -N'EW YORK COFFEE MARKET. NHW YORK. Dec. 29.-The markrtfl for coffee futures opened firmer ttxteykl at advances of 3 to 6 Dolnts. Ph.iiel was n. good outside demand, with otter-sSJ Intrs llc-ht. ,eE March May July September Open High 7.81) 7.8t . ' . :r2M 'ow ClOM' clogs,! 7.71 7, B i-sil 8.04 8 0S 8.03 R 04 Si'J& ... 8. 211 8.10 8.22 iii'ti t f. Sin R. R. Security Holders Iaconrtxato'&P HALTIMORE. Dec. 29.-Ttte NatloiMl5 Association of Owners of liallnuXSlS securities has just been lncorporated5,I under tho laws of Marvlnnd l.-u- n n...i i'Ji Warfleld. president of tho Continnti'K!,v Trust Comnanv: II. ntnhni m.i. Jht-f. capitalist; and William M. Harden! ft nrrsldent of tho T!ntnev. g.,.i., -r. 1.VSU4 on behalf of investors In the securlMefc'iffiP 12 0 ft 4-li 4 3T4 3T4 80 15 11 60 68 40 381i 28 20 1 .. 1,1 INACTIVE NEW YORK STOCKS Following nte quotations for Inactive a dividend of $2 50 a share on tho com iNew York stocks and In which there Iraon stock. In addition to a stock dlvl , wero no transactions today. T.-e price ! dend of 21i per cent on the common, nil '.I...,, i. tho lust nrovinns -,!... 1 -.vnbin January 15 to stock of record t.-... 11-, -t.. i, . rnnuary 7. The board of directors of W. -xK,T U-.. M."h &!.?.' .?! '""ni Terminal Ruildlng Company .Vdiance Hum pf 20', Mont Power .'.'. ii:-;, I ha!, declared a regular quarterly dlvi-1 of the American railroads. The IncoT-'WM poratlon papers set forth that the Y,ma5riiM ..ut.,,o- - .- i- - v:-"T i;r ... ,IJj, lias ueci.licu o. ,tM.-.. .,... ...- . , A-Ml "ciin.:. 77 MoPr'ia'Ysi $ dend of 31.75 a share on the preferred. An, a" chm rt w Morn, ft'JJ f, 8t0Cu, payable January 1 to stock of rcc A-S erVK'pf-.loI. ? ScM B ??., J ords December 31, I , ,m Cottoii OH., 5JH Nat JljSLUlt ... jl I " quarters of the association is to remalnfa in Raltlmoro, with Mr. Warfleld n nnd. M rtitrir T's1aia. , a nl.. a.. .!... . . Xil v....., 4iw iim uibu iivo aisirict VlCwV'ctl presidents. && . $m vSrlii? -lMT-IiCf BAR SILVER tVitntiri. Hal London (pence) 435 M . Tester i oaity nay 'A Last - Mat. Ti r. ;;r.v -"i P'lil Mtljfc 101 43i 43, it i:xpre .. ;H Nat . UJscuit pf..lu3 Am HWo & I- ; "S ?;at Cloak v ht ti Am Unseed pref (J34 Nat Clk & s pf wv Am Malt ..... , NatKntstppf Am Malt pref.. 50V. Nat Lead or.f IV. ny, li in 8 lft 36 81 :i 10 Am Smtt pref.I . Nova Scotia su. ,13 ' A SU?:1! ?,' A ' y I A.r Urako.lis 111 c-oo;i ---,, - , v, . m L. 14'. 1 Am Sugar ..;. N y Dork.... !,,' i. Am Hucar pref.lt'rt Nt j, m 1st n'f Jo Am Bumatra Pf 0.1 Nt It 11 w .?.! Pi . ,. Am Tob pf new wi .Norf A Vouth T.' ' " Am T fc T 3d pf 02H Norf 4 West nf Hit I T4 8H ! Am T t CaWe r. . North Ainc? pt J?,!' I 71 71 Am Woolen pref s'l Ohio I'Scl ,1- il-, I '" " Am 'Ine & I. pf 40 Ohio i. .". 3',4 .. AssoDOlstpf 52. oSarS,"H,H" l-J I . n I H i .-i uiirrr.. .-. ii 11 14 1 37 69 "ft 11 lii Oi'ens liottlo 55',; UOXIIS Bethlehem Ch Cosden Oil Cs Cosden & Co Cs . . . . Cudahy 5s Russian Govt Blis!! Russian Govt CVi-s.. Southern Rwy Bs... Sinclair Oil Cs ... . Todd Shipbuilding Cs 73 73 ai 31 10 05 n 03 "814 looii 00 Vi 78 78 07 41) 40 t..o nu 61' A O i W I Pf. 00 All A ffi ' eJATo'" : 81 ' P-prior T,rj;.. r-rt nf.irni -. 'v cc oa llrklyn Un Oa.105 J'W. 'l. 6'4 I1'4 HO 'i f 112 S U.I K.. ci -j :oo ?vps, llron Hho "I ji. v" . 3l nurns Bros.... I"', j.Jff.i?"" "' 48 1 erce.Arrow Cal Packing Co 3.1 rent M Am i. ii . Cent Leath Col JL Ho 11 1 rid it- Alton Chl . Alton nt "J Mi ;:' j" oprine, . di i hi t a.n P'..'-?'A riei" '.? "' 31 47 03; LOCAL MINING STOCKS TONOPAH STOCKS Iil.l . .70 . .11 . .0.4 . Ill . .UN . ,01 . 07 . .'HI Jim nutler MscNamara ! Midway .....,..,, Mlzpah Extension ', Montans ! North atar , "' llescue Kula ' wi.t i:mi ..,,.,....;;;; OOLDFIELD STOCKS Atlanta .; na Vllue Hull " Tot Iiooth ot Dlamondfleld II B. ...;::. '.' oi Daisy .;:.::...::: oi Kevvanas .,,.,,,,,,;,, oh Oro , 'ni Sandstorm Kendall- :,! .ni silver pick .ij::::.; iuj MISCELLANEOUS Arizona united ta Nevada IV onder .. 1.4o pe. ... Stiln ..l,,l l.kVftt llllllll. .,,...... 1.40 .16 Ak .70 .18 .Oil .(111 .10 Oil .(IS OS .10 .02 .08 .03 ,03 .(15 .Oi .16 l.r.u Morgan to Offer More British Notes NKW, YORK. Dee. 29. J. P, Mortran & Co. ofv Mondiy will offer 115,000,000 British Treasury 90-day bills on a 8 per cent . discount baBla. AH of the 116,000,000 offered this week was 1014 DIVIDENDS DECLARED American Ic Company, regular nuartsrty ot ll. psr cent on prefsrred, paisU. jnu. ary 23 lo stock of record January 15. Pool Knglneerlng and Machine, regular quarterly of 11 per cent, payable January 12 to stock of record January 6. """"' American l'J.no Company, regular quar terly or IH per cent on preferred, pay.bte January f to .tyek of record December 27, - -w..,..... k W.UIIIUI K on common. PVable, la. Mask- Am T. lir.'i 7. r,'";Arrow pf 11 ciuett.P'bdy pf.lip. ""dlnsr 2d pref S.i Col 4. South... 18 '" )ss pref. .jv col So 1st rf 4.7g Royal Dutch ".'. oi4 Col . SO 2d J)!. 42V, ""'" Cor'-l"'. Comp Tib Rec. 27 "Stl Spg pref 88(2 Cont Can ... 81 Ravage Arms .. no Con O n LAP. o n Jiotor .. 7 Cont lnt Cal M 1714 St L H P pref "1 Corn Prod pref. PO'. Sears-ltoo preL.lin Cruclblo Stl Pref 60 gloia-ShsIT .. 38 Cuba Am bus ",;., '" a- urar,.143 ("una Am aug..J41!i s and Mill",."'.?!. IHilW. "l'1!?, t'""'1 -Milling nf 81 Deere ft Co.pf . 3 Studebaker nrer S 9H) 71t aHgasi ii n r Corporations, Firms and Individuals who contemplate setting aside a reserve for taxes or other purposes are invited to make this strong Commercial Bank' their depository. Capital $275,000.00 ' Surplus & Undivided Profits 1,120,000.00 OFFICERS WM. J. MONTGOMERY Preatefent SAMUEL BELL, JR Vice-President CHARLES B. COOKE Cashier JOHN D. ADAIR Asst. Cashier WM. A. NICKERT Asst. Cashier ! -- M itFB n.n - nlrt (lr Detroit Ktllson.12 htms. :.":!'; v. Ts lur 30 Detroit Kd son, 121 Sup stl 1st pref nu Rlec Htor Hat.. B8H Tenn Copper' 11 Hen Chemical.. 155 Texas Co rets lot-' nenernl Cigar. SilJ, Third Ave. " U Oen C""1' i'i" SJlm Tidewater on ni tlranoy -Mm.... Tobacco l'rori n I.. Greene Can Cop 331. T St Li w- Pf 8i. tlulf States Stl. 87 TStl7tVi' 7U oXif st s ut pf.ioi 4 s't ' ietf. sij. llartman.Corp... 81 tbi ?o Haskell h Dark 31 Havana Klec.,.101 V r, t .7". ".in. an JL5. h.r! Pf eta 18 11 i" -" " T. 04Ti avi .... . ".. ur ti. io.R Central... 4V4 J'.?'.' Vi'tHtr pf .102 Iowa Cent Pf..lOl xiS,An '"..' 09 Jewel Tea .... S3J4 K"H P." 1st pf BO Keok . D M... 4 ,,S!?Jr,f SJ "f. 75 I.acleda Oas... SO i'.n!''d Pap Ilrd laU Lake Erie W, .K Lrie at w .. SO i',n!''l Pap Ilrd 15ti pf 17H U111-? Jnv P' 13 lr 15 ' H C7 P tV IS .-- -A-- IT u r.T ,1 "ii- - I i.ee nun at -,ire 1- . t 42 ! I.lr & M Tob. ,13t " S Expre ig ' I.lg- At M Tob., 172 Ind Alco pf e I Wilson Co 48Vs H 2 "ty Imp loil Wilson Co nref. 00 u S lleally lm "' Llg & M Tob Dt.looli .,'' Pref .... B0 ionr 1S1 Cl" T( 4U a ituu jsi pr, ps lrlllsrd P. ..lan Va o t C .:;; bo M K T pref,. TMi Wabash pref 11. is Mackay Co .... 78' wetia-Farwo ,., toli Wackav Co Pf.. OS West Pao H It. 17 u Manhattan Bch. 1 Westlntboust " annai ki -,...iog 'si pref. ,j W WILLIAMSTEELESCt5Cd ARCHITECTS- ENGINEERS CONSTRUCTCMtS PHILADELPHIA w TORONTO Behind Steele Service la ait AJTiswry Baar at (peciallita capable of soWta all MaMewa'aC fcalM lnt; construction, bulkHni; eMiBiaagtt atWL AaarF apaca economy, bieeia narvica u and practical, ' - v T ''VMM 9? k-K1-' fv.. Kooa mm immmrr .,-' .-', msmsmmf-i. i.
Significant historical Pennsylvania newspapers