SJTWl ?-($ "wjr k v" .. a. - t V .'" .- . - r 7 ', wem PUT, MMKA CO. V;' - ' .HIGH GRADU KAtLROAD ' KaHJIPMKNT TRUST vnniirivaiijo Dte CHrSTNUT STREET PHILADELPHIA NewsDf the financial world rh Railroad Outlook ;W-What will be the ultimate ef- net on railroad securities or tho r,itiOTtrnmenifl plan ior inning over mnd nneratlnor thn rnn.ls? Thtu Ki subject Is fully disputed In a spc- ijewi analysis xvmen we uaxe just Issued. A few extra copies are available to I mentors who are In- Iterested In our Sen Ice. l.'ncloso 30 in stamps for circular rxo. :?i. WS INVESTORS SERVICE John Moody. Pre.. f Nassau St. Tel, 3173-4 Con. New Yorl. riKNKHAL offick or PKNN .XILTPVI, 1.1! K INSl'KAM'll EU. COMPANY PENN MUTCAI. IIUILDI.NU Sixth and Walnut 8treets, Philadelphia. 'At the staled meeting ot the Hoard of uiteca o Tno 1'cnn Alutuai tain insurant a Company, held on tne Vlh instant, the roi wins; were unanimously re-eiecieai uttuu tx.. junnmjA, i-resiaem. HCOI.N K. PASNMORB. Vice President. TLLlAln. H. KINOSt-HT. Second Via Te.laent. UN V. HASIKIT.. Third Vice President. rIN HUMPHIIEVS. Hccretary and Treas- ' are.-. . huknett twin. Actuary. inn tne rniiowini- were reappointed: UN w. JlA,xii;il, Manager i.oan uopart- C'faeni. rtWNHV, C. ft HARRISON S OIL!-. fluprnlior or Appll-lie- natlana artil nanlh I'tilmi i'SYIJNKY A HMITII Asa stant Secrcta'.. 'rAUli Al.K.XA?(l)Klt. Assistant .reasvrer. VPUlllll'll Htl.l. ralhl.f f SBOFtOK It WHITIS. Asslstnnt Actuary. jliver vv, PBHIlI.v. Assistant Actuary. EHAItl.KS F. SIUNIHIKIV. Comptroller. ?FNIIY II. MAHIIT. Auditor. ifHAHl.KS MARSHALL jr.. ttpalstrar. RFREDBUIC II. UAlinlUUKM. .Mathema- StOUia 'vr. RTBUllt.E, Assistant tu the ft president. RAI1RY TliIII.MIN'. It Tl . Medical Director. I JAM EH P. HUTCHINSON. M. !.. Assistant 8 niniHTii 1 Ml r-viill JOHN U. HOUACII. M. I) . Medical Uxam henh't k. nit.LAnr). jr, m. v., Assis. tiint M1 cut Riamlnar OEOHQK WHAIITON PEl'PEIt. Vtn , Ocn rrai t ounse BUSINESS IS SLOW IN EARLY TRADING ON NEW YORK 'CHANGE V Financial District Is Inclined to Wait for Con gressional Legislation on Railway Finan cing Rallies Follow Some Declines ' NJ2W YORK. Jim. lu. Tlio stock market showed a iiinltrlnl slowing down In business during tho forenoon today, with prices ot innjoilty of Issuts lit a mnilcintcly low level, althotigli tlio decline did not Indicate uny chnngo In speculative conditions, Tho feeling still prevailed In the llnrinclal dlstilct Kcnerully to wait for coiiRressionnl leclslntlon beforo tnklng nil uctlvo position In ralltwiy Issues, and tlio Renerul market was also Inlluenccd by 11 disposition to wnlt for furtlier developments In eonnectlon with tho European war. This mado tho murket fpr tlio tlmo of n piofeHslonnl character, espi tlully In tho usually actlvo stocks, but thtro was 11 number of Issuts In which pool uctlvltlcH were ilTectlvo In creathiK n htrong tone, caitsiiiK bi Islt iidvunces. Tho United States Supreme Court decision, Klven on llimduy, was 11 factor In Inducing bujlng of Marino preferred and Atlantic (lulf and West Indies, both of those stocks being exceptionally stioug, mid there was pool activity In evidence In Distillers and National Knnmellng. United States Steel was left to tako caio of Itself, innglng from 943i to 93?i, with 11 rally from Its low level beforo midday. Heinle hem Ste-I "11," utter selling down from "U to 77f, also had a moderato Lilly. The r.illiond Issues were quiet, Union l'.tclflc ranging from 114'i to 1HH, and llendlng was trnded In nt 75 to 74. Some ot the specialties. Including American Tobacco and Amctlcnn Telephone, that hnd been strong In the two preceding days In rnnseniienco "f m gent cnveiing of sliorts, showed 11 receding Ivndene) It was gentr.illy believed that the low pilies m the slnndaid hIolI.h were ilue to the same cause us the vigorous advances since tin beginning of tho week In thoso Issues had been attributed chiefly to shell tutoring, although accumulation of United States Steel common Is said to be In progress by Minio strong Intel est. Last lion Illsh Low . 2'i ... Ill It) '1V1 ..0'4 !'.' "iiii vlaU Juneau AiilsChalmMfc 11) Am nect Suear 71 .. Am Can mU 37Ji Am Cantif . . .,'. Ill) ... Am Car a Kdy . .. , u Ml Am International .fid Stl'i Am Cotton Oil ..!.. -J7 Vm llldo A Leatlir . u VmlliilelLpf . . ftj .. Am Unvcd ..2SK -H'i -'' ni Mnsiedlir . 7()'i 71 71 Am Locoirotlte .. f.l ,Vj' V4 Am hmclt A Kef . 7s?4 '. Ai 711 Am Sumatra Tob . . Off C-l'4 fit Am Stel FoundrLM . m A , Am huir-ir Iti'flnlni! ..100).' 101Jt lllr'3i AmTcl&Te lOVJf KJ5 101), Am Tobirco ....UWiUil 101 ' Am Woolen , . lyfl vni nuoicniir . "jisf Am7lncIaAS .. Il't Wi Mil Zinc I, A S pf It Aiiarondi Copper . d'J (i')j AtchTopAhr . . Vilt .. Atrhlop&Sl'iif .hi ... Atlantic (lulf ,. w I nxi lillij HaldolnlAco . . 0 .Vj llaltlmore A Ohio . . .', M llaltlmore A Ohio pf . r,7h llt'thkhrm hteol . . si Ileth S Class t c . . 7s'i lletliSpfsubrf p . t) llrooklyn It T . . .. 41' 4" Unite &Sup tier '.11 Cal Petroleum . Klj; Cal 1'clroleum pi ,'17 Canaillau I'adric . . 1 1 )t Cal I'acLine . . .VI (entra U'allier nr.'i Cent U'llhCopf 10:1', Cerrude 1'avo . n ( Inndltr. Muter , I ( l.esipe ito A Ohio M'4 I lil Mil . ht I'.ul . I.Vj thl Mil A Sir .if . 7tst Cld A NotlliMcit . 'II Chi HI A I'aole . LMI'i C III AlTipeprte .W, C It I AI'7H pttc III)' j 15 05 I', m. '1') 'a?'' 30-1 f '.'I 71 ffl", 711 rt um 10:. 10J NEW YORK AND PHILADELPHIA STOCK PRICE! 'o-,, .7 , .7 1,,;.:,. 11 EXTREME DULLNESS CONTINUES oHtWiirBHBW.p..H. 11 txt ArkTMP nM T.nnAL EXr,HArr UN 1 xv-n-ivA. vj v.- " t New York Stock Sale? I New York Bond Sales i.ow fill's I'V'l tints 77J. SI 4 "3' SV4 till, nil's m liS M'i 12 0-, n m. Mll 1114 IMI 77 Illsh t77."nu Analo-rremh Ca,,. MIV4 lliiiim Amer Kor co Ss.. .1 L'liim Amor Tel ,n not SOIill Halt a Oh rM 44 a 774 iimi 1 1 1,1 tMo ,1s 3'.h.. Hi's 47u(i Hrkln II T rn Hits Hl I lllllll Hordcaux Us .. KV'4 I mill c it & () Joint Is.. I'li i toon i M & mi" rM 4H iiu'4 loi)' i' it'i ! rf,i 4s in Vll'HI I'ol .So I'is.. , ll'.lVi Atnii'i Krtnth Heiiuh ftvis 'i liiiiii Inter!. Mrt I1, i". r,"'i .Tinii Inierh It T ref r.s si 'a illllill Knn (ll Hu f,s ,Vl ..unci Irfirlllnrd 7s . SS ss ss Ilnil3f I. Hi ll-nd S'4 1IS.7J HH.70 IIH.70 Illicit ii.i l . I i mi iiii.ii i mi ft" iMiisi iio i.i i,. tn.iMi in. mi V7.vu MS l U" sSVs Ill's mild 111 mt 1111 r..V, si's 1 1 lh 4 Kleo Ktor (10 10 Int .MM pf 87 I10l.lt Sun V. 1, 3tt I'enu Hit Ifl'f, 3 Phlla Co rum pf MM i I'hlln nice 3.VT SJikJlendlng . 73 2 t'n Tract l MI'O I , 7IW DIO U H Steed f)4H low 30 7 nil m',h S.ITs 71 W 7I4 tit 15 II". P.M. 30 -I H7 15Vi 4BV4 f Net rhae, 4 y HUM is lllah Low 3JH 23Ti. 74 14 7I'4 (14 15 :. I'M lll'ill Mo Pan Km 4r. 411110 N Y I' A II 'Is r.7 11.1 iiomi x V e'lti iUm iimi", hi lll'lHl N V Tel een 4t4s. Ml UJ, i4r 'iL' id')1 j lolh 3IHHI Nor Pne nrlor 4s SI IIHllI lo Ken .'Is . . f.'l 5111111 ore short I. I KVi .moil Pinna ten it 1'4s HH ll'i'Ml Koulh par rv 3s.. ss II on tJtuh Pr I.ljht 3s S3 II lllllll II H HuMier .', . 7s A111111 Cnlon Pne v Is s", .Icinilil U 1; nf 11 , 1 ,-,, lift, Hum dn ,', a urn mm ns4 S'MMI ,i ,-,'jb 1IUI l'5 111 111 hll'i SI .VI I, SI'.- 11 n hs M 7s SI n7J. IIS4 .7 111 111 si ' r.'iS ST. I'l'j SH SI 7S SI 17 lis", U.' StITlOO I-oli Vul gen 4k. ho 80 lno Mb lion.N 3 ',4s.. ns.311 on 40 3700 do 4s... 00 30 00 30 500 (Iolst4s07.no 07.30 07.30 I looo Heading gen 4s 8,T)i s.lli K3i). HI -It I .Vet hee. OH 40 .10 00.10 .30 711 7t' j ,S'. . Us'i ll', r,v, lS'l ) M 7' Its' I ID. risj 1 New York Curb 111,1 As!. A-tlm 7S 7i Chetrnlet Ill 111 I'nsclen tr e'i 7 S t'urtlss 51 57 l."hlah Vallo foil Snles . Ill 7.1 vtnmnu t'dpi-r . . ..117 In HusMnn .I'ljH ... . . . II .111 llusslin u'4s M is Srne, r i'oiiiht 7'v 111 HI Jnspph I.i nd It' 1.1' j Mulimiirlnn Hunt 154 1:14 I'nltnl Vluinrs ... . "", "is, I'nllifl Viril" I.xlMirliui Ill :is T,PhiVh Coal and Navigation Company Lets t3 T3,.noiV0. rnnfrap.ts Ranid Transit Directors 4 May Act on Dividend Next Monday j i.t i - In ie.i rnf iIia niinrfil Inn it 41ia It... J Tiailihit on the I'lill.ule'liliia ioeh ..-. """- ;- "-1V1"V' " """ "-" he ,i.;.... . ,,-tm, ihls forenoon wis even ingn-spe-eu una n. uo ..nprovea. m I A smaller limn tins ieeorded during the However, neither the llapld TrtniJ extremely slight hair-us'p ousinesa -- ccriiiiciucs nor i.e-iiiKn Aalljatu ........ ..,.. iTniied Mintes Steel com- stocks or rights appeared on ih. ... .' .'. i.inh nciinllf mnkes un for the I carty. t,o that tho effect of the annn,.Jz dullness In other shares, uas denlt In ment remained unfixed. Hut In lmwrj only on a Mnan tciiie iu), " nni iiiimciusc v.n.vn ii mu said thi homo list was nearly ucscrieu. Tho street was Interesting In two an nouncements, The one vwm to iim c.,.. n.ni iii. i.r,lilirh Coll ftnd Naviga tion Company had let contracts Involving fjno.ftOO for two modem steel breakers, .,. t fnLn Vllllnni. w hero an old I colliery vtlll be reopened, and the other I "II l.lllll. im ,,. v..... . .-. -- nUSjj would be in opeintlon In the autumn sale Philadelphia Company cumulate. .. nr.n ... .nAn ..a ... .tin tirpfprrp.l mnteil nn n lmlf uiu wouiu mm iuuu iu om',1 ii" ' - ,,,, n mcci .u lui.er nil iiiroiin n...is Ing, being off more than a nolnt . i? end of the first hour and a half n..T Ing declined half a point and Peium! nii.,i fnr .,nt Monday at 3 p. in, at vanla was marked up'u nuarteri M uhhh li v. thought tho seml.innunl dividend of 2'i per eent might bo de- I dared and vtluii'lt is prohauio tne new . i .., r.r inn nniin. 11! i". v.u n inu I tma or n speci.t' hutuhk ... - IV, l.ell NftV PtS III .'11 .... .... .. i. 1 n,nra ftW Lit Ilrris S3 ' nelpnia Jinpiu Transit c.oiiiiui ",..-.o Vtruihl .Vlirtln tl. nr r. in i LirPINCOTT. Manager of 'LIVERPOOL BUYING 1 STEADIES COTTON , Early Selling Causes Drop, but Loss Is Speedily Recovered Chile Coppi r Clilno Copper Colunibh (ias A K Corn I'rod lief Is Quiet KI1TIIN llhl.T MIIATHKK (OMIIllONs Nhll lllltli. J.ni. 10. The rnlloulnE teneieriiture. were rreiinhsl ill Hie lollon heit 1 1.1 .online t Aslie.llle mill l.iui sllle, IK: (hiilliiniMiKil. Hill Allmilil. 5Jt Itlrmlnch un, ill I Itlle Itnck. Milinll null VVIImlnnliill. 20l Mrrldllll mill Kuleulli. 2S Vlnnlitiinieri. Charle-lon ami siitannili, lllll hee(lrt. Okluh'ini. lunl Inoinils llle. 34l 4.ikMinllle. 3ll 4 Irkkhunt. en OrliMHH una Pennruln. 3N (.iiliestun. 4II liliill.il. 101 Del Itln. .Ill sun Alilnnlii. .IX. mill (on'il" thrl.ll. 60. There was .'ri Inel. of i.rrrlltallon nt Chirlesln mill lunula. .11 ut sn.miniih, .40 ut .latksonillUs X W YOUIC. Jan 10. Henvv helling by spot Interests caused JOHN DOUCJLASS BROWX. Ksq . Asloclata u ,rU, of 3 to 20 points nt the opening HOWARD COOPEIl JOHNSON; Esu . Ars 'today, but the loss was spetdlly retov ctate Couhs.m ered on a rtnewnl ot Liverpool and joii.n- iiu ruit.iii, I tr.iiln Initln. At the end of the en lilie market was up ID to 17 points fiom the lowest Bts:retury anil Treasurer. TUB rillLADKI.rillA IIV.SK fUSfF- j. I'niinnvinniB. jnnunrv o. linn. fif- At the Annual Election held on the Hth tnatant tne roiiowina elected Dlrectoril of this l. th r,a'lnr year, la: oraa Wood Lltred C. Harrison n u. itun orste 11. McFadden kftndal Morvan sunuei iteak Herre B. du Pont mis h. uatea , 8. Win VATIflVAl Cables were weak anil New Orleans sold moderately nt the start, but the .torkhoidera wen-1 cotton was reauuy ausorneu Hank, to serte fori Htcelpts at tho ports for the day are estimated at 50.0H0 bales, against II. 81. bales a week ago, 31,041 bales a e,ir ago and 20,800 b.tlei two eara ug Yesterday's 11 11.10 eiosn upen H in a ni i. ni :u i a." 4n :!- n nj m sj mi .it.'M :u s7 at "n :n .is .n.r.i III .11 31 IU 31 31 31 5.' 31. 5J 31 51 31 113 ."II III 311 111 .'III Ml .-III 1.1 .111 111 Samuel M. Vnuclatn William ir. Donner Wallace l. Klmmuna Hsmu.l D Warrlner Alva U. Illnkey Kldrldae n Johnson J. Howard Pew J Kearsley Mltrhell William H. (lodfrey lAt a meetlna; of the Directors held this ex toner .'Mr. i.kvi i,. itur was unanimously re- :eq t'resiuent. n iinu'.nn wniuv !' ' l.'anhl'er. January March May . , July T fcir This Booklet wm Vl " Course Order 40Mt a a.sts tells how your order is han dled when you instruct your broker to buy you n security an interest ing process with several elementary steps that you should know as for illustration: How your order is entered How it it executed How it it recorded. Stnd for Bookltt )IC-T,U. JONES S BAKER STOCK IlKOKKlA Widtnsr BlJf., Pailsdelp.it Hell. Walnut 1090-1. Keystone. Kalre 5590. New Vorfc lloaton thleaso Plltsburzh Ulrrct Private lll'ra Cotton Huyers und Sellers Ni:V YORK, .Inn 10 Januarj I Wolffe bid: Newman offered. Marcli Stelnb.ichcr nnd Freeman bid Mitchell, (Jumoens and ltountree offered May Rosenberg, llngcdorn, Hnrtcnrn Montgomery, Peers, Young and Pnriott hid; Mcllnnny, It. Hubbard, Mitchell Trnvtrs, hell.tr, Newman offered Jul) Hentz, Hvmuii, Monteoniery Hagedorn. Cone nnd .Sellar bid : Mitchell ludson, Wnters, McFidden, Mci:mn Freeman, MeUougall, Ranger and u Con nor offered ' October AVolffc, JIontKomerj, ltoun tree, Hnrtcorn. S'egal, Wenman, Illiks ti'if; Downs, tiuinncns. Holmes, llitrtiorn. Mitchell and Kclffer olfered. I Liverpool Cotton LIVinU'DOU Jan. 10. Spot cotton vtas steadier today, at an ndvnnce of 18 points on tho basis of 53 40d for middling, old contract. Tho sales were 3000 bales. Tho receipts were 1 oort bales, Including 14.300 balej American. Futures were steady In the early deal ings. Old eentract spot prices were Anierlon, middling fair, 21 70d ; good middling, 21. Old: middling. 23.49d; low middling. 22.9Cd; good middling, 51.U7d', urdlnarj, 21.44d. J - Granulated Sugar Uncliangcd Ni:V YORK. Jan. 10. Tho refined suear market continues unchanged with the American and Na tional companies quoting lino granulated it 7.45c. Arhuckle UrotlKrs continue tc; offer ill fifty-bag lots to tho local trad'1 only at 7.45c The Federal nnd the vVurner companies are wlthdrnwn Cu ban raws are unchanged at C.OOSu. SCATTERED BUYING KEEPS OATS FIRM $$l$f - Cuba ( ane S mir ,, i i ti li oi i ! ii Cuba Canu Sub irpf IMarket further Stabilized by Dm & tim n m . . Cash Situation-Corn IX". ;.. Krle .... I'rle M lif (aston Wni A, V . (n-iitra lhtrlo (.ineral Moturs timilrlcti II I'Co (t Noil hern pf (t Note for ore p (riene-t an (op Ink r Acrlcul Inspiration Cop Interlioro Coiimi' Intiiljoro Conpf InkrMerMar Inkr.MerMar iif Inter I'apir Inttr Nickel . . han City. Soul h Kan CllySoulhpf Kill SprliiR 'I Ire Kenneeott Copper ljikSksl louis A Nah lavel Motor. Max Motor. 1st pf Mexican I'ttro Miami Copuir Minn MI' A.SSM MulMeSkvl Mol'ac.flctrrfv Nat onal Con A C .Sat Knain AS . , N'at.ona Lead Nevada Con Cop New lorkCent NiMlill Norfol'. A West Northern Pacific , lliul Hies (ias . . Ohio I'uel linn. vinla It It I'eope's (.as Chi l'lttsAWeit Va l'ul linn Co Hy (-ke Sprint' Hay Con Copper lltadlng . Uipiiblle Iron A s , Itepiihlr I A Spf . Koj.il Dutch tr . Saxon Motor Si .lUnrd Air I.lne . NalKiird A I.jif f 1 vSheff s a, i sine air OH A Iter . N) itln n I'aeifl,' .southern Italla . hiperiilr stei t.M. 7s' , lit)'. .r.ll Ml 10 :i2' 31'. ' a :'; l.Vi i;. 7s'j .VI VJ(, 111 Vp'j yis .Vi 'JSI' :di 10. INACTIVE I'HILA. STOCKS Following ore quotttlons for Inactive stocks listed on the l'hllndc'phla Stock Kchaniso nnd In which there wero no transactions toilny The prico given is . . .... ,,. ,,i,leh Is now the last previous clotc: I nZ V 18 000 ...is a day The other , Aillanco ins III I."li vai ir ii. .m Am Gas war Amer Htlll . Amer Hlores .. 3.1 l.llth Sehuylklll Am Stores pref i.j Mm, Mil . . Huff A 8usu t c .10 North Cent .... Huff A Su. pref. .is .ilMh Pa Cambria Iron.. 4tVs PUT Cnm steel ... 11.1 I'a Snlt Con Trac N J lll'i Phlla Truet . i Oen Asphalt pf .In lluja Co tlen. . en Aspnau .. IITs Tmioinh lin lit A II T .. 10 t'n Cos N J.. Hunt A llril 'I t.r 17 I' h Mrel tit le. stone T.I II V J A. Seashore 414 Ke Tel 1st pr 17'i West Coal . 70 I. Nnv Ha 5d nf 41 Win Cramp so I.eh Vol Trans l'7'4 'orlc liny pf . .13 ',oai 75 M S3 S3 7" 4". t's 503 11111 the Indications were for a good denu ior any ot mene M-i-urnies, nna th. i was thought probable that the Transi dividend would be declared. t On a i-mall turnover Rlectrlc Stortaij uatiery was nmriteu up a quarter, laM .Superior was unchnnged, as was PhflsJ delphl.t niectrlc, Union Tratclon ,tM linneil ..an iniii u. einciu, un one am., UH nuartert liberty Ilonds vtere lrrecutni."wi.J the largest turnover In the regular which were off 30-100 of 1 per cent 1 i.iitiv iii. i.t vm:viiii.k nuti.i.vsr CIIK'M.ll. .Inn. III. 11U....1 sn to- nlchl ui'd I'rlili., rohler lrldi, rvrrr .old I riilii) nlelit. VH.Mtlirl Sh,. (onlcht, uililee hi norl'i MeM, eolil wn.e lu we.li I rlilit. ilouil. and inliler. prolnlilx hiiuw hi eat. ee.rre .old 1 nil o nlchl. VI lronln Vhmllx elnuih lonteht und I'rlilix. wllh hiiow In Ktitilh innUlii und In Honthei.t IVIdt), .older 1'ridux, eetrre riild 1 rid i. nlcht. vllnneMitii (.enernll) fair toiilKhl nnd r'rldix, eohler tonlalit nnd In extreme eist 1 rlilax. lnnu-( loud.- Ionium x.llh snow In eiit mill south, rolder in west und (entritl. .old wine In ne.tl I'rhlo cnrlb .loud, und rolder. North n.iknlii Fair tonight nnd 1'rldiix, rohhr In rutt tnlilcht. slonlx rlinK teiu pernture lu west I rid ix. Soulh Dakot i (leuer.ilb fair tonleht nnd 1 rldiix (older Innl i , Miml. r kIjir teniiieralures Iridix In extreme w.".t. Neliru.kti ( loudx end (older lonialit. prolillilv snow In MHithrist. (old x.iixe In extreme east! 1 rldiix Eriierullx fair utid .nnllniicd rntd, IxmiMiii. tomb nnd rolder lunlaht x.llli snon nnd (old x.nxe In eistt I'rld ix Ren rntllx fulr. .older In extreme e't. .Vlonluii . -Fair tonluht nnd Iridax. rl. Inn lemiieurturr 1'ridux und in west and north .eulrill lute tniilelil. VVxomliie (teueriill. lulr tonleht nnd I'rlil x. (older hi nnrt' eiht tonlRht. shiulx ri'lui: lemperiltlire Iridux. nt1: l.tt HI)', lib'. '.I ) '111 17 IVi LM'j SS'( iw. 47 SO1 j CHICAdO. Jan 10 Scaltciid buying by commission ouses luducdl bj stability lu the tnsb tuatlon and exptct.itlons ot furtlur alis for export, kept the market fur oats firm this morning Tbu rctcipts tero today xvere only forty tins. January opened c higher at 7!ic, mil aihaneeil ',c further Maitli tailed unchanged at 79c. May xtas tuotcd at 77Uc to 77e at the outset g.ilnst 7t!Ttjc nt the end jesterda, and iter sold at 77 r. Tho tone at Uvirpool vxns firm, vxitli pot In good request. No shipments vere eiectcd from Argentina for the w ( i k Corn was quiet and steady The ap ii arance of another cold wae ovtr he west olT-it r. ports of an Improve nnnt In the supply of ears Theic was lot much Incentive U trade. The re e'pts b.rc today wen- 101 ears Jnnutry started unchanged nt $1 27a. ami ainj nt ?15S' to l '.'B1.. com- stU(i .haer Co nnied with sl.25'i at the end eftcr- fenii Cop A Ch -ni ua The tone at Liverpool xtas dull but firm, generally clear and hot xx cither nrexalled in Argentina, folloxilng a period of wetness .Shipments from that cotiiitrx' for tho xteek xvero e.llmnted at Suli.OOO liuMielF, against 3,340,000 busuels it year ago. The receipts of wheat at Minneapolis' anil Duluth today xeru 228 tars. .ualnt 254 cars list ear: at Wnnlpeg, 20r cars. Hgalnn 371 cars; at CJilcago 3 tars, compaied xxlth 55 cars. The tone nt Liverpool xxns firm, xxitli spot In good rtouest .shipments from Argentina for the xxeel; were 370,000 bushels, against 1,140,000 bushels last year. 10' . I'l .TJ'i , :u . in . .'.!', .'ill . Pi's , !l '..'; :i.' . 1.-.J, ai's . -ii'j i,:i n ii . :i'i'. . HI'. . '.'7 K'l'i 1 '.!,'. . 17 . Ma . -II' ir.i . Ml' J . L-s'j. . 'JS'i . 17 IS', I''.' . :;i'. . 7b'i 111'; . 2.1IS s-'i III ll'i II 70'! :io I I4'i s.l'i ,is't 11 ll'l'.' U -.ll, II , -is- i L't ."4 it'i n'i n't IT. .VI rat'. '.ha .'Its I Ti ' .M(0''''y.m:.ijix(; hati:s r I'llll Mil,' I'lll V 'all. 0 per kiu. time. fi'J.fno pi i' lent. I 'oniineicl.il papet, tln.o In four inontlis, D',jrn6 I per tent. sis. inontlis. 5'-..i r,i per tent I PHILADELPHIA MARKETS PROVISIONS DAIRY PRODUCTS (Yi:.sti:ray) HCTTI'It Demand wns sufflel'nt In rend llv nlisorl. the limited offerlnsa of hlah srnde solid parked rreimerj'. prlres of which ruled firm The hulk of the sm plv was of Ih. urder crncles lilt at Inside futures il;W eere nble to effect n fair clearance of til's diserlpllnll nna inn hihimi .n .,. '"'-'. 1 The market was pilel lit the late deellne. . 4r4!c ii-ef In sets, smokeii anu irades. Reserve Hanks' Discount Rates Dfllelnl rales of dlsiount fur .iirh nf Ihn Qitiliitluns (Ml. I.pef t.Xelte IVllf.rf.1 .ll.lrltH am nu ...ll,... mi ,.lr..tpla.l 1 .. ... ...... 1. . Ih ba amnl.n,l -..-....,- ..... ,.n ......... n. --...-, .., niririi, in-. ., ... ..-.-, ...." .. , 3-V. lty liref, knutklfn ninl tfndM BmokPil iT". .. - Z ,U1' nlr-ilrlul ", 4itirn l'pf. knucklrn iiii i nn "nr.nm tpml.r u,T,,,h...1 Aln l.nof hnmR. 14 i. 7" HV V" " i tiork. fnrnlU t'. tii : hHtrm. S P fliril LONDON STOCK MARKET Tone Irregular, With Gilt-Edge issues ana ijomis in Demnntl I.fiVllllV T, ln-,i... . l siodship- Fancy prints xvere well cleaned """ " . HtoCkE, in nt top rrlees but mertiu" and poor ouali. ' change markets wero Irregular todar'1 aSt5.'i.;;,0W "' "" n"U 'rr " llt-edml Investment Issues, Mex Western fresh, solid-packed creamery, e- descriptions nnd ttusslan, Japanese aa-i tra. 15e. hlahfr-scorlnc. Bood. M - i I nese j-f. . .l.sws. ..vsiuo .i.u III UCIIlUnU, :m i:.H t:i:i lid'. II tston Ni w York I'lilhulrlphhi I'let.lnnd .. ftlihinnntl . .Ml inlu I'hleiiirii .. M txiuls , . VllniuiipollM . Kansas Cllx . Dillis Sal, FriirnJain 1.1 or less I . ,'' I . 4 . I . I I I I . I . 4 1.1 lo .111 I ;.. i V' 41, I I'' I tO III' ''"J u IS. to mi ,. iwiw, m , nam Rkinn-n, loose, .m,.i, . ."' I ll.uns Hklnlie,!. ktnnkf.l L',CT"lii . other hams, i I 4'5 I'l m ii-, i ii ii, I'a 1.1 . s:iw xi .'IPs :u . Ti . Ifi', 111?. . S2't' '.'J', . If.'.' IV j . Wi U'i . II'. II . ls's ls'J . 711'i -o;j . no :i mi mi'j . svf v.'j . .'IS'j As'. 13 -1 1 . i(i'f injj . i.' u .'I'a 'J.j .107 1 IS . ISli IS i . LM "I . 71',' 71'. 31 Hi5, ' 22'. l.Vi, 12 -11 is. 70' J 30 l'MJ. , So . . Mf 4.1 105, 12 Paris Hourse Steady PARIS, J.in. I'l -Tho lloure was sti ady today. 1 FOREIGN EXCHANGE I Ni:V VORIC, Jan 10 The fouign exchange market this morning was quiet land fiatiucless Quotations xxere: I Iieinunil steillng 4 75'., ealiles 1 7C)'j(i Slsty-day bills, nominally, 4 01. ; nlne- , ty-day bills 4 70 ' French cables 3 70, theeks 3 72' Lire cables 8 40. theeks 8 41. Swiss cables 4 10, clucks 4 51 llullder cables 44 't, checks I23. Pest las i abbs 24 32, checks 24 22. Ruble tables 13',, checks 13, .Stockholm cnbli s 35 '-b, checks 32 I Chrlstlanla caldis .1 1 i , thicks SI Copenhagen riihlis 30', theeks 30 Smoked rllv riin.,1 mm t lirun,! nnd OXerSSi 5l'1l.Ule. hams smoked wistirn lured. 5!llf .'llli . hams. Imlleil Imneh ss lie plenle shoulders, ll P. lureil. loose. 511' , ptenlc shoulders smoked 5l'.e lellkn. 111 plekte. nieordlni,' In axerime loose 31(. lireliUfas' Imeon, as to I rand alii nxerace elty cured. .IT. bniikfasl baenn western iiirid li lard, wisiern reiln.d tienes 5'1's (If57'si bird xiestcrn. reiln.d tubs. 5li't IC57lae litr.l imt-n rll, lr.ltA m ti,li-r.it In tterilS, 5UVs i'57'e, lird pure clti, 1 ettlo rendend, , In tubs, irii'4 ir57'c I REFINED SUGARS Supplies x.ere small and demand xas cood on a basis of 7 41VS.31C for extra line grnll tllated. DAIRY PRODUCTS i CHKIISK was firm, xxllh n fair demand , i Quotations New lurk, full-eream. faney, ) 'June, 511t51Vse. slwrlnls hlnher. do do, fresh nndi . Wst, 5.Vi5!'r do, do, fresh-' mntle. fair lo Hood. 5J('52tae ! a..,. .nie.n,- flr.l. Iltffrtsr! aeeonils ',1',Irl '.":.' v.. -. ... ..n.t. lc: swee. rreainry, 'n i, .,uv. "'" ntt:nn .k.1,1 e. Hmerx'. coon It jholee.'4fHr4Sc. do ordlnarx. 44r41c. nea ,x prints fnnev Bite, do nxeraeo estra, .,3 ff.-ile firsts. 4Hiff.l0el seo-ds, 4 ?J4,e, p: lal hrnnds Jobblns nt r,7f(.10c F.fifiS rine new-lnld eises wire srareo nnd mn w'lh dimxnd full enffcl to th offer il t mltrncllxe sloes h"xeexer. xvas quiet .i ip.ffHiilr hi xnlue. Itefrlaerator eires .old fairly and ruled sleady Quotations! Netrby fl-sts. t 3 ifMs.on per ease: do urrirt reciipts $1H per ease do. seconds 114 infill! mi per tise xxestern, .xtra Ursis Its 3HW18 no per rase do firsts, 418 per use da. seconds, 414 111 fH 1.1 iii per case; efrluernlor ecus extrn 111 111 per 'rase, firsts 11 1 -0 per ease, -eenndfl, $15 10ftPl5 till xer case; selerled eirrfu'lx- enndled engs ere 'cbblnK at 0n70o per dozm. Kaffirs w-cro cheerful on vnWi$' eastern rand developments. GOVERNMENT BONDS 5s realstered 1830 . 5s toupon 1II3U .... 3s reclstei'ed 101S . .'Is (oupnn 11)1 K . ... 4s reclslered 10J.1 4s (OUlHin 1(151 . . . .'Is rrflstered 10111 Its coupon 1111(1 Panama 5s rrclstered Panama Sa reslatercd Panam l 'Is reclatercd Panama 3a coupon .. 111,1 0(14 Mli til) 119 .Artl oaefj In. I- ."J iw. mU i ii in 1 n.ls linn so no mi so 10 POULTRY I. IV i: The market ruled firm on elioleo Htotk, but dim mil x.as only moderate Quotations follow Fouls tiinxx. estri nnlltx 5s,ii5,li do. small to medium. 5U1r 57e, ihlikrns eoftnvnted, 5llfi5'le; stnimv xounic roosters 5tfa5V. old roost.rs, 'Jnffi Jle, dorks Pikln JsBT.lne. do. Indian Hun lier. 5f1?'-'Se, turkixs 57"i5Se: Reese, 51f? .'se. auiueas. per pair 41Tt.l5e: plirfons old pr pilr, 5lu5'ic. do, )oum;, lier pair, '.'0 0551 FRESH FRUITS Northwestern National Bank Philadelphia, Pa., January 8, 1918 At the Annual Election held this day the following Directors were re-elected: niMVAltl) A. SCHMIDT I) ('HAS. MUKTIIA t.OllFIU'.V It. HFIIVtANN" JOHN II. IIAVIFFV A. II1YMOMI llFF FI1VV. c. sii'timmisint IIAUHY A. POTIt BAR SILVER Todix lest London (pence) lit.-!-,!, Nixx I'l. (ouls) llll'a HO', I.nst llils Thnrs Hlah Iixx' 4 ix. 41', iVi MS uu', sti' lis IS 21 74 Cbolei stock rubd llrm but ninth of the supply xxns of frosted stock, xxhlch wna dull snd weak ipnlntlons Apnlea pr bids Jonathan, fitful. In. Klnir. t4lr(.l.lll Xorlh rr. Hpx. J I .lllli.l r.o, 1 went) -ounce, slffi n .in Hubbirdston $1531151 Ori-mlnc $1 sn; .10 llxlduln. $'l .inef.l 51. Itom" llenuly l liiero r.0. stajm-in VV'lmsnp. I4i0, Iiiirk TwlK ,'l r,'lf .". ParnKon, 445T151 Onno I.I5M50, York Impcrhll, 140.151, lleli Daxls. I". I npnlea. xxestern nr I... Followlpg are quotations for Innctlo Jonaibnn, 51 nou-j-ji. winter lianana Jl 7.1 Ne-. York Mocks and In which there ,Vin",f'l nel,,lou'sn-i'7i"""V:n!l7cV,i'' were no transactions today. Tho price i ti.sufi" 5u. onb-y. it r,n" .in. ' si.i,S v, i given Is the Ust previous sale: vjln.sip '.'"'';,-ri'; irmain $1 T.i'fs, ! ... OTTO tV. SCIIAUM ivm. ii. si:vi:kv i.iM(iui) r. siri! JOHN It. ! IVIIfcF.Y .IOsi;pil I. VV ITT.VIAN J. T. STt'.MlT JOHN It. COFIIItlNO LINFORD C. NICE, Cashier. INACTIVE NEW YORK STOCsS Texas A Pacific I cvai Co . Tobacco Products I'nloa Pacific . lulled A oy steel United Clear st inn I'liitedltxs Invest U h ( ast I P A P United Fruit . U S I nil VI who! U S ItublHT .... V h hme I K A M . USSteel . . US Stee ji .. Utah ( opper , . . , IV abash pf . Western Marx land Wcsthchou'c I: AM . ii.". . 71'. . !) ,s 17', II . 31 . M's' . 2 IV, 17' , ".I i i.t; 17 111', . .-.1 . .'IS',' . 1)1 . r,i; 12 IIS 11!) . .1.1 . -IV. '4', .I'll . 12 10 J ll)'. 71 Florid Illj M'; 21 17' i r.i 41 lj u. s'l'.' 2Fi .17! a o()i4 ll'n .ll'i si'. 21 irij .It 112 .12 lll'i HI J 111) llx'j 141j ih 10 Pi si a 1'-". 112 5IW Ill's 112 ,.Pi 114 . fid', 1KF Adams nipreas.lin jfont Power , 70 Advance uum " Jlnnt Power pf Kill Adxanee Hum pf 5i'-j Morris & i:ssx so l Aiax Itubber... 00 Morris t H tl 1 L Alaska Hold M .Is. .11 Ht P & ,s H M ss Am Aurl dim.. .7 Nat Armo . , 'ji.x. Am Car i F pf 17 Nut lllocult llm i.Am llxnress 7S'is:flt Cio.ik X k. .n . Am 1,ijio pref , 11 Nat Clk 4 H pf.luOVJ , j?" 1 Am Malt pref .1.1 Nat Kn ft St pf ml j'""' i Am smell pref Id's Nat Lead pref U'J , ir' AmMn"H pt A ""'j -x lex . .Ilex 50 Am smelt ll 'JO N y Air Hrake lu i Am Suair pref 1(10 N V Dock Itti Am Sum lira pf 01 N V () H W , nij ' Am Toll pf rer 80 Nt It It M lit pf to Am T T .'Id Pf '-'-'a Nt It It M 5d pf .1014 Am T Cable G.i Norf & South . a I a. Am Writ l'ap pf 51'. Norf & IVist pf 7s!i Asso I) fl 1st pf ,14 North Amer . . 4 04 I Asso Oil . 01 H Not a Scotia stl fls ' A O A W I pf. 1,11 Ohio Gas rets.. 03 All lllrm A Atl si, Ontario Sllxer 0 All Const l.lne. SVsOmns Hot pref.lOS n.ild Loco pref 00 Pan-Am Pet pf no Harrett Co SO Pan-Am P prior llarrelt Co pf IDil Pref ct .... OS llatoplhs Mln I Paclflc Mill . JUJ tlklxn i'i ll lb. 101 Peoria l Kast r.i, Hro.m snot . i Phlla ro . . 57'4 Hums Pros . 113H Pit's A West pf 1.5 Ilutterlck . HI'. ma i oil 1 Ni xx tow 11 Pippin Jt .105. IHickTixIc 1 On (fH5. CJano. $1 51TH1 7.1. apples nearbx. pr hamper .KleCell .10 apples nearby, per 6s bushel basket 5.1e Hell 51. lemons, pi r box II07. baniniH per bumh, $1 51ffej lu nrnnnes. Cnllfornli per box. $J?pn .10 orinnes, Florida per box JJifl.l .lu tan. Kerlms Florida, per strap 3Tf7 Krup. fruit ill tier box Slur,, fcrapefrult, Porto pir liox, no . 111, plnelpples Porto tier crate. S3 51ff0 Kranes rallfomln. iTokax, per crate, 41 l.lffrl 41. urap, s, Call. , fprnli Fmperor. per drum I1W4, tran ' rf'rrles, Jersiv. pir crate. $1 51I!?.!, cran .berries, Jersex, per bid. 4I5W17, straw terrlis 1 lortda. per ou-irt. ,H"fJ7ic. VEGETABLES Demand xwis only mod, rate, but x.ilues were xxell sustained on SI01 k fre, from frost Quotations White potatois, lersix. per N -bushel basket, .11 lbs No 1 7.19f IHlc No ', llf .,IIl, xxllltn nntatoiH per lull lbs Pent! Sllwihln 4-"-'li5 (111, New- York I.' . Illfl 5 III. westirn. $5.5ll'f.5 III, Px((t pjtnloes Jerse, per ,-bushil basket, 31 lbs House swiets No 1. $1 HIGfl 31, houso swells Vo 4., 7IKJ 1 7.1i . barn swe,.ts No 1 7.1oftl$l, barn swiets, No 5, ri0ftil,0c swiet pnlntoia. Jer se per hamper No 1. 41 lu6i5. No 5 HWl 51, (eler New lork ler bunch 5.101 iiiii , celery, :xew xorp. per rrale iyi.,1 IP) 1M l'l'j ,'l'i urn, hl'i 12'i in in 'Hla 'lii 109) a sl'a I25v ,-: e , T i.i PIIIm in, nn.e un " ,l celery, ,r line, jirr llm,- ..10 ,. foT , 7,i T.,f 'U' erce.Arrn s-l h ttuee. Florida per hamper .Ulel.lJ. let- Chi AUn 7 PlercT. Arrott nf . " California, p. r box .1(1. fl 51 lettu.e, S d Al In rf "ll'i "? 1 Si " 5 Louisiana per bbl. tinnftj (nullltoHir, CM t (A VVVsl li' Prs, stl cVr ' u '"'" I""""1 rcr irate 11 5.1W5 .10. mull. V"1. ' ? xxesi .--, ii;-,i .--ii . nr.. i.ii ,!,.,,, i.fltirnpin r ,r.,.. . ,tf,i -.n . V...A.J A UJAIC. 11. Utner lllda.. Philadrlithla. 1:00 may send ma our boulu ""fh mn. cif an Order.' .1 LIVE STOCK QUOTATIONS CHICAOO. Jnn 10. IIOOS Ksllinated -ccilpts IimIiiv. Iio 000 head. Left over. 5U15 S,ad. Fstlmated receipts tomorrow, 4il nii head hloxv and .1c loxxer. Ton till HO sulk, tin 5oein ,ir,; Hutu, t i.i siir. hi r.i 'nlxed. 11.1 lui.rlil nil, heaxy. tt.l nili HI un nuith. Ill l"l i 111 Hi; Yorkers, 111! 5llil HI 31 '"s $15 .lof,15 raj; good tu choice bravy "III 30.. 111 110. CATTI.K - Kstlmatrd receipts today n7 I'lio head, tomorrow. 13,(1(10 head Mn- ll-.. vei,L lo 1 .-.a l,.-.rt- 11a. v.h ta 1,1., .., t-ss s-sas-s-is-sas Bs-s-siasas-a-a. Js '1 il: lews Hnd t-vifers 41 7.1M11.7SI sii.k f1 - s-bbi cm and feedera til aofoln Kl, i ulve-i. is T.sfis 111- no..e tu medium. Is'iilclli l'..l BHKKP Ksllmated rerelnta loilal1. 17,000 head, tomorrow. 1J UilO head. Market steadv tn shad-i lower than xeaterday's"! Ios-. Na tive, tll.TUff IS III- western, Ilii'.MWlsai xearllusa. IIS Slil IS lu I.ambs, 414 i 17,00; xxestern, 414. .1(11)17 73. ANNUAL KI.fg(TI(INH He. UNITKII SECURITY I.IFE INSCII. r.l. -sl'K ANII THCHT f ntlluvv H- Or I'KMNMYLVANIA ,. Philadelphia. Jan. , 1018. Mb Annual .xieeiinr or tne torkhoid- mm -sanuary v, juio, tne xouowing; m. were elected tu svrxe for the en lr, . . . nomas it. TuniN J. f.loyd Coatea T. Morris Perot" Jr. SOUTH OMAHA. Jan. 10 IIOOS Kl. Oeorre SI Henderson 'luxated recelnla today. 15.000 head Lower. David Milne "" c'ATTI.K Kitlmsted receipts today, II7U0 hrancls H llemoerley . neau. tieauy. Ua... .. ,,. . . - I Ull ""in . .V19 am,M. Coatea O. Carruth K. verner . Hampton. Jr. i K. Passmore i lull. Jr. THssir-r Drooka . . nnuiarn-niniin KANSAS CITY, Jsn. 10 CATTI.li ceinia ........ neaii. nieaux. IKH1S ltecelpts. I3ni.il head. Loner. HIIKBI' Itecelpts, duoo head. Mteadj, ,W FBANUI8 II, HEMPKIILRY. Secretary, I HHEBP Fstlmated recelnts In.lav. l".nnn head. Htcady, 'Cars, 501. DIVIDENDS DECLARED l'1rM Hucn Hflnlnf CornpHny. r-ular (lUHTlrly t ut tl &n a bhar on prffirreU --;, ininiM-s ituiuai; s,u at.uv.-f. v I tTVUI 14 -sinit" 1 U ANNUA! WEETINO held th 8th "- 1 louowins oioCKnoiaera nvr-8 elected rMi iiu" witn"iii . it-nuiir priniaunuHi THE NINTH NATIONAL BANK "j.' Fliuaaelpnuit January 0. 1018, for the entuln-r yean . JC. Ml Ichsll Oeorg a Ai lt.ach u H. any A. C, Keelty I. carrutn ira.xv, iiarnea 1 "nillfUr Thomas IL Il.rhlmn I mm .fc-r ... . 1. ' ' l ) . risi-os .toer. roaitr , MKtmma xv f. Wm. H. Marterlson of 5 pr cent, payable February 1 to stock or record Janusrx' ' Harbison-Walker Itefractoriea Company regular nuarterlv of IV- per cent on pre ferred, paxable Jaruary 11) tu holdera of reo- .urd January 1). 1 Intercolonial Coal ConixUiy. resulsr aeml- annusl of Vm per cent on preferred. paa- ' Kl. t.K-i,rv !. In linl,lr-i nf r.w.r.1 I.n. . -a--fTx..x e "r. ....... t..,. ... S.H""'" -' ....,...,.. iirm iniB i,irv , xaujowitur onicera were unanimously tvnaln-Teeil Products Corporation, IHA W. rurtNER t -JOBBl-H T. PEARBON. ' fsoai-d JAMES K. MITCHELU Irur appolnl,menta were mads l ci. oooneoorn. hlar E. Hsnry Thnrman. I. Rpthertnel. Jr., lii. K. Potts. .-tOKN O.. BONNKDOIIN, ..'.- Cnshlar, NEW YORK COFFFE MARKET ' Ni:W YOUIC. Jan. 10. The niaiket 'or codec futures at the opening todnx wus again reuitlonarj and on the tall '.rlcis xxcro 9 to 15 points lower Tr.nl 'tig wus nctfxe. So Iirn.zlll.tii cables weio leeched btfoio the opening of the market heie. Todnx'a Yeslrdax's Wco ticr.h K W Co, .11.-, Wlson&Co . 47lj 47)j 17Ji hlte Motors . ) ... 1 js-oitrland 171. 171 171, I.x dlx Mend Colorado Fuel and Iron. ". Central leather. 1'. Plltsburith Coal nn ferred, 1',, United Alios steel 1 RICE GROWN FR03I SEED A THOUSAND YEARS OLD 471. 1715 prt- openimr cIoh 'umifct . . S .1 4 s 03 X'Ptember . .. 8U4fl8l,u Ml.)-; Vlober H 7s(fis 7p vnxcmlr HK4ltr8Kl 'Xeeember SMQH.83 8 01 s I.n --nuarv , . . 7!i7ffsin. Vbruary N(t7rtsio "isreh x,!.l(?8 5.1 k ,iin i xnrll 8 .s.s !. 'lay Hirf.8S.l 8 3il.s 37 'una . . . . . 8 441. K 41 'uly . . . .. 8 4388.43 boa&bii I Financial Briefs ! Chl (It West nf 21'4 "lib rx Prn nf 11)11, chl It v vv pf ivi'. Its stl Sub rref in riu.'i li'i.dv rf no Heidinir 1st pref 3.1 Col Fuel n Iron .".0 Ilendlne 5d nref .in i-ol t. Soulh . -li St I, A S F . I.lVa ("nl . So tst pf 17 ! St 1. A" H F nref 5S Col ft So 5d Pf. 451, Sl ' s VV. , 53 Consol Oas .. 81 Sears. Hoi buck .144 ( i mn ThIi Hee. '17 H-n-sHo rir. f 110 'on O K I, ,t u. P" Shattuek Arli Ii.5. Cent f'n . ST South Itwv pref .''. ront lnt I ai VI i7'4 si p n Suarar .141 Crucible Stl pf In .stand Mllllnir. hltl Cubt Cane Ss pf SO Stand MIIIInK pf 81 lb - t 'ii pf I'l Sludebaker pf (It Hel A Hud msi, sun Stl 1st pref nc. 11 1. t VX- ir.i 'Texas Co rcls. l'.. Deli i Itln Or (I Tidewater Oil. n-foi' Hllsxn 151 i"' Axn 51 e -,.r rmr Ilrle n-n Cli, r... ...1 r-t... nA. I S( I. JC XX .1 l,.'l."S!v'5' CO,- c: ,- ,,-. , ; ).7, ' ' . . I'l CIS JO i.n Twin Pin- II T ,.-. .' .',,.... t ....! .. . '!-. ., (,I 1 VIQ l ' 13 l.H-in iL-i i-i'M A jt 8rnr Unt ." i H.0acr VtI vt r, '-'d prof "0i.1T st ' W 71; al Ciiiar. flfli:! W Pf. S flower, Cnllfornln. pf-r cr.itt l$l,7ti. iirusoFiH jsprouiH. jaOiiR it 1. 1 mi ptr nunrt I lL'tfJ'.Mir; mtprtrrM .Niw ork, per lo hunt hen, Vittli, c-Keiplint I'lorPJi, per nx. SJtfi."t rucumlfrH Klorld. inr hamiHT $1 ", pfiuiiBh Florida, per nttf f- ."'t'iTr-t ,"() mill, irh, Norfolk, per IM lift 5 .in knle, .Norfolk, pt?r bbl . l.r0.,, ban, l'lorlda, per hump'r, Itff tt, licets ttouthern, per irate, $J J5W U.IiOj pe.in KIorMa, per hnm ptr S3 ft.. M), pea a. CuliftirnU. ptr drum SKU; pepperit. Horlda, prr crate. tAHT., tomatoes Klorlda. jwr irate, SI -.?.; turnlpM Canada, Rut.ibacaa, per 100 11h , tH,:,ft, talibHue, domrtle, p r ton. $10ft .".0, cabbace, DanUh. bpi1 per ton, $4nfiiiti c abba tie, Florida, new per banket, SJftL'.riO nnlonn New York and weKtern per too. lb bair No 1 S.'.fr'ttS -'. No. - IJW1.40, mush room a, per 3-lb banket, $11 1.7." Drovers and Merchants Bank; 3016 MARKET STREET Philadelphia, Pa Jan. 8, 1918. Statement of condition at the close of business January 7, 1918. RESOURCES Cash on Hand and in Bank $215,039.(i0 Stocks and Bonds. . . 104,938.25 Loans and Discounts -100,0.10.20 Liberty Loan Bonds. 111,000.00 Office Fixtures 900.00 LIABILITIES Capital Stock $100,000.00 Surplus ..-. 10,000.00 Undivided Profits .. 0,454.24 DEPOSITS 781,453.87 $897,908.11 5897,908.11 .lo.seph J. Martin Samuel lir.ihain, .Ir Frank I'. Oiaik Harrison J. l'usey Michael leb F ll.isenfuh, Jr Mcrrltt P. Hutton Henjaniln F Heai Samuel I., lleilbron ll I.. Seholl 1), F Miull SAMUEL GRAHAM, Jr., Piesident. l-'RANK P. CLARK, First Vice President. CHARLES W. HALDEMAN. Secbnd Vice President. ERNEST R. PATTON, Cashier. At the annual meeting of the stockholders of the bank, held this day, the following gentlemen were elected directors, to serve for the ensuing year: l.omls 11. Ixineaker 1'atrick J. LAiiaugli Daniel Dover T A. I.. Skllton l Samuel M Clement, Jr. Frank It. Donahue Hubert X, Hell i Fdw'ln 11 Jones i Henry I.ammertz ! Jacob ltoiiick William It. Graham $, i nanes vv. ttaiueman J At a meeting of the directors, held this day, the fol-j lowing officers were elected to serve for the ensuing year: , JOSEPH J. MARTIN. Chairman of th Ronrrl. 1 SAMUEL GRAHAM, Jr., President. i FRANK P. CLARK, First Vice President. A . SSdSIeSWilALDEMAN. Second Vice President. ERNEST R. PATTON, Cashier. v EUGENE J. BYRNE, Asst. Cashier. fn ('itr.tr flood rich M like groxxn directly from ee,l urulns , ru, "m'V.'kA V iind-Vd T nf' .11 .. jear ol.l xvlll he serveil tlio Km-, JftStt'VjP,,, Sf J'n SftVv fi'' of Jupan vthen he atlends the . ?'aMna Elec...loi J'n ted I rult n;, , Illinois Cent n "nit ("I Str rf In 1000 peror autumn maneuvers of tho Japanese army In fehlga prefecture. Bays n dis patch from Toklo to the Milwaukee Sen tinel. Tho ancient rice grains were 3&t54 found Inside n vxooden image of Vals- rnvana in n little Huddhlst temple In the village of Ixxnme. Valsravuna Is tho god of xxenltlt. and his Image has become so old as to need repairing, In the tourse of doing this '"nB '' f" Pf -' v Cai l..!T "k" !"U"a.."Jd? ..'h .,' 5wc,ref' Va-S ma., ub wM.uiiuiiK "iu need unit The follow InK securities have been listed en the N'exx- York Stock Fxehance: Central Trust Company of New York ceitlflcaleH of deposit. Issued In lespcttl paper with the folloxxlng Instruction In to ij.uuii snares oi siock or irvlng a- ancient cnineso tharuLters tlonnl Bank. Nfvv Yo'k. of the par value "This Image has been carved for the of 100 each, nnd 16,000 shares of stock I peace of the world. If any ono of a t.f Irv Intr Trust Company (name charmed later generation open it. he should nut from Hroadxxay Trut Company) 0f the1 In nexv seed," From the artistic stvle liar xnlno .if 1100 each ; all R7K find oi. .1,. 1. .,.. ..,.. ' ... .... ', :, " -.' ui 1110 ai.iiii. uuu ii.u trnailions re- Mo Pan n oU,!x ,"ooCk of,.U,e 7e1a8 fomvany; ;..,latlnB to the Image It xvas estimated OiO.sop capital stock of the (Jen., a! that the seed were 1000 xear"",il. llectrlo Company, und $138 000 uddl-.They were planted and lelde.1 Bood I IF5251 tlonal common block cf the Ilush Ter. ' crop . ' Boocti lnt llarv N J 1l-.: Jinlted Drug . . 70 lnt Nlrkel nf 101 ''"Id Ore id pf 7V ioxa i-ent tir .101 ;i"',ru p nra i-' Jexeel Tea . , :nit'' " Kirreas... is Kan City bo pf ISV, K s C I P 4 p n Keolc It D M ., ,1 II SHIP pref J Laclede Oas .. tu ' Inl '"' Pf I'll. l.ak Fr! It VV l.u V, I Healty imp IV ! nub Tire 42 ' Keally Imp Ihlah Vallej -,7. st pref r.u LIS S. M Toll If.t I H Hub 1st pf 1m 1.1.: H Al Tol, f IT I S Steel nref Ills'. I.hr L M 'fob pf inun Ctnh Ben Corp. .. i ar . nem ;i.' Cheni r.'t h .li mn., L.rifc oiri . -. iiasn liret n .'J May Dpt Sirs pt HV ttells Farm. .. V Jlseka. Co 7.VV, West Flilon . S1 Msnlialtn. Ileh. 1 VVeet Pac n It 17U llanhnt 1.1 U7 xxv,.,. i,t pf ;j, Man lltr id pf it Wheel Si I. V.', UK. ?J , f-J f,' Wheel t I, K pf i()T MIiTpref 1.14 VV'llla-Uxer Pf . 7S Jtleh Central ,11B xx'iisnn Co nref. no Mln & Kt I. nexx tl'i Woolworth . . 11 1. Mo Pao pref. 41 Worth P & M.. si mlnal Company. Total Income of the Northern Securl- Ja0'1 Jones Men Captives ties Company for tlte year ended nceni. WASIUNOTOX, Jun. 10 Txx-o U. S. I xr SI vxas i71,045. against 4285,180 Jackles frojn the destrojer Jacob Jones', the previous yes r. Surplus for the xer sunk by a submarine on Ilecemhei- decreased 120,757. now are held prisoner In Germany It I The New Yorl: Subtreasurv caln,i I1.7S1.000 from the banks esterday. mak'ng a cash net gain since Friday of J2.B31.000. ' was ofTIclally announced here yesterday. UK. r Board Munition Plant Reopens initial mak'nir a cash net train slnea i.vi,.,,.. .. inei'iicmi, . . . ,. . dividend of 44 ner share un common, nay 12,531.000. Inor of shell l.arta bni l,en , 7T..fl? j I ." JJ.J. Jjnuary S tu .lock of record Jan- jj fcffi tiVVftft," Carbon 8t.l Company. reular annual of Stockholders of the State Hank of !ier?' Promls'''8 the toxvn nnother big n per cent on second preferred, payable. July Philadelphia nl their annual m..i business boom. Oxvlnir to the lack of 30 to stock pt word July 2n. Alsu reaular '"" ,". , V.-. , r-n,Vn-r """"?' '""ng re- male labor, hundreds of g Iris will be H per cntron flr.t preferred, payabla 4 elected the retiring board of directors given emp!oinent In tho new Industry ,pr cut on March 3u 'to .toek of record and Increased the membership from five " Marth SH and 4 per rent on Heptember 30 . sir hx- the addition nf WeiTrv u ,i.L . . -....' to stock of record September SB. )l slxJl' "'I auu11""' Henry Hchnel-, DIHKCTOIIY r ArriU'NTANTW viueti. luiiwr x-o.. reauiar nuarieriy i -" -" .vw . ...v uui.i. ..ere also .WARTAX IlieporiTB War-Savings Stamps pay you the amount you invest, at the end of 5 years, wi'h 4re interest, compounded every 3 months. You can buy the stamps here or almost any where. mXKEBS (Kstablln.d 1837 321 Chestnut St., Philadelphia of 14. per cent on common, payabla Feb-1 re-elected. ruarv 1 to atoclc of record January tit. Otto Klacnlohr 4 Broa., rcaular quarterly ' or i per cant on common, payauia r.bruary 3. as registered February 1, Burns Brothers. Inc.. rerular quart. rly of IV jtr cant o preferred.,, f CnANCH t CO.. IANI T1TI.B ni.TfO. ' Certified l'nblle Aerannlanta RAILROAD EARNINGS itttZSZWM Sgbo. UftUAT ITOBTIWIW IUILWAT . t.AUTltmilSS JJ. lluraata l- "" "-".-"" -';-"--""... :mcm-AiAMmm., I.KOAL AnVr.KTISKMKNTS .KSKstATB OF CIIABCES K. IIUI jf Ull K. lKCK.F.II-l.,tt.r. t..w mntirv tirwin that ahnva ailala ..! - erifhted: to the.Prqvld.nt Ufa and Trust Com. pany or pnilad.ipnia. all persons Ind.bted tu Ih. aald ertata ar. requeued to maka pay. m.nt. anf thoM havlntr claims to prestni New Iisue $1,500,000 United Light 8c Railways Company 6 Bond Secured Gold Notes, Series "A" Dated November 1, 1917 Duc M 1192Q 9 Price 965 and Interest, Yielding V2 Bonbright & Company . 274s. advertisement appears as a matter of record only, all of the above having been sold 1&uicWL. "T"" jrSL,vTti-?AJ' .us saiu. wu