12
EVENING PUBLIC1 LEDGER-PHILADELPHIA, SATURDAY, ' JANUARY 2G, 1018
UNITED KINGDOM
OF
GREAT BRITAIN
AND
IRELAND
SECURED LOANS
Si DUE SEPT. 1, 1918
TO NET ABOUT 8.75
CONVERTIBLE 5'2i
DUE FEB. 1. 1919
TO NET ABOUT 6 75'.
REILLY, BROCK & CO.
IIAMU.IIS
306 CHESTNUT ST.
riiii.Aiuir.iMiiA
NEWS OF THE FINANCIAL WORLD NEW YORK AND PHILADELPHIA STOCK PRICES
POOL MANIPULATION RULES New York Slock Sales
NEW YORK STOCK MARKET
I .. . tilth
i Ahul.a (told M 2ij,
i Alaska JuncfcU SVi
Some Railroad Issues Show Strength Due toUnVarni;:
r , , . . i Am dm aj'.f.
Movement Against snorts motor
BAKNETT OIL & GAS CO.
The quarterly Financial
Statement of tho Harnett Oil
& Gas Company will be reailv
for distribution Tuesday,
January 29th.
(Mailed upon rcriicsO
.A I or ton R. Alexander
rbiUdclpbit Slock Exchange Bide
57 Ullllam St.. N. . :t.
am u. Mi:irriNds
ANNUAL Mi:i.TIMiS
IKSSTENN l'UHI.IC fhltl(K COMPANY
- Nollre vr Annual Mrrtlhc of
btorkholilfr
Philadelphia Pa Dermiber 13 117.
Th Annual Mertlnr ot SlockhoItWB of
tho Ienn rubll' ypMlcf I'nmpiny will he
field on tli IBth iH of Ibrwir.r. 1918,
nt l:fW o'clock p Tti . t tho nfflre of tho
Tom puny. Room 33". !WI TtaLn JVmt
TluUdtnc. Id tho City of Philadelphia. I .
for th purpose of elTttnc 11 Itonnl of I1
rectora. otlac upon the proposition of in
rr!iur the mithorUcil lndebtf fines of tli
Company, votlme upon tho proposition of
MUthorlilntr tin Issue of this Compjnv'i
hort-ifrm notes anil securing the same by
ron tract, bv plodco of collateral or by a
mortracn upon all of th propertl' of till
Company now owned or to le hereafter
acquired, and th n,Ie of nld notes, and
upon the prnpoFttlon of lncrHlnjr tho au
thorized rapttal stock of this f'.impjny and
for tho transaction of such ntlnr business
as may come before the meeting:
J A WOOD
Assistant Secretary.
T
Certified I'ubllo Airountanla
ulwrknci; n UROWN CO
181R REAI USTATK TRUST 731.110.
INVKSTIUATB ADJUST PARTNKHhHIP
COHPMBATinV T1HPCTK1) ArTOITVri
WAR-TAX reports prepared
Land TIM Building
Crane!) L Co .
STEEL BUYERS TRY
TO RESCIND ORDERS
Inclination by Some to Repu-,
diate Contracts Placed Be
fore Price Was Fixed
NT.W YORK. Jan. 26.
"Repudiation of olil contracts Is galn
Ins In popularity, Is tlie way one steel
trado authority described tho present In- '
cllnatlon on the part of come bujers
to get out of tielr oisJers, which wcro
Placed before the (lov eminent fixed steel
prices last September
"Whlto the steel manufacturers do not
look with favor on this action on the
part of sonic bucrs unci there arc likely
to bo ronio prolonged disputes on the .
question In tho future, there arc some
Shares Are Forced Upward
Ni:V YOltK. Jut) 2C
The stock market in the two liuuis nt trading, with which tho wools
ended, depended nlntost wholly on pool innnliiiliitlnn In it number of easily
conti oiled slocks for Its Interesting features. There was ulso n move
mont ngnlnst ohoits In several of tho rullioad Issue-, which caused u Miovv
of strength lit it number of stocks lu the early trading, but milsldo of
these movement) the imitkct tone was heavy, with u general disposition
to restrict speculative operations prior to tho holiday resulting from tho
iirtlon of tho governors lit closing the cchango on Monday lit compliance
with tho tleeteo of tho fuel administrator.
I'ool movement were most pronounced In motor stock, with General
Motors forced up 1'i to IIS1" In tho first hour, and a fractional gnln was
m.iilc In Ktudobnkcr.
Attention wns attracted tc continued accumulation of Union raclllr,
which advanced In the early trading li to llli. but later lost most of
this ftalt). ranadlan I'aclllc. which was a strong feature jesterday, con
tinued Its upwind moement during the llrst hour, MiuwIhk a sain ot
114. with ales nt 143
The copper stocks were fairly active. United States Steel common
moved up 34 In tho llrst few minutes to 01 ,, but quickly dropped about 1
point. lIoMonn Petroleum, attain Influenced by effotts to llquldato pool
holdings, declined S points to S9'4.
The bond market was qcnorully steady, with continued heavy dealings
in Cmcrmnent Issues. Liberty 3'3s s-ild nt 8.nt to OS and tho is were In
demand, selling nt 0G.24 to 110.20.
Anglo-French 5s Fold at S8's nn) a'J.
There will be no more trading In bonds off the cstchatiRC until Tues
day of net week The general closing of Investment houses thtoughout
the Street will be In deference to Hip desires ot fuel Administrator Clot
Held to cotifceno coal In eery posslblo manner
Market Shows Undcrliino Strength
Market umlerljlng Mtengtlt was tho featute of the stock market
throughout tho last week, notwithstanding tho many unfnvoroblo dccb
opments during Unit peilod which, under oidlnary elicuinbtanccs. might
hao been expected to crcito a widespread Felling movement. There ap
peared to be the best character of busing from llio outset, which was
cle.Dly rellectcd In the cilck nhsoiption of stocks on all slight recessions.
International Mercantile Marine preferred stock, In tho fnco of tho
unofficial announcement that plans calling for tho snle of tho company's
British tonnage and securities of its Kngllsh corporations maintained an
excellent undertone and at the close ot the week held at about tho same
quotations as tltoco of the previous Saturday. It was stotcd that tho
tufting ot tills slock had been excellent and nppaieut attempts by the
bear clement to raid tho Issue failed to accomplish tho desired lcsults.
Thcio was considerable activity on the part of viitious pool Interests,
several Issues that are said to bo manipulated lit this manner showing
spurts from day to day. U the close of tho week there was considerable
bullish talk regarding Distillers Securities stock, which closed somewhat
higher than tho prevailing level ot a week ago. and thcro was, recorded
a considerable turnover In tho Issue. Mexican Petroleum was another
stocks Iti which thcro occurred a fairly wldo'rango of quotations, and It
was learned from authoritative sources that there are Important develop
ments under way.
This company In 1017 earned approximately 23 per cent on Its out
standing common stock, heforo allowing for lncomo tax deductions. Its
sales of oil and distillate In December were larger than lit nny other sin
gle month In the history ot the company by more than $1,000,000
Waiting for U. S. Steel Meeting
United States Steel common was another featuio und thero wus much
speculation in "Wall succt circles as to tho probahlo action by the direc
tors nt Tuesdays meeting of the board with legard to tho dividend on
this stock. The Impression most general In high banking cluics was
thu't the rato would be unchanged nt this time, although, as Is usually the
case, no ono possessed any definite Information lu this lespect. It Is
well known that tho corpotatlon's earnings nro large, EUluclcntly so as
to permit a continuance ot tho curtent disbursements, but whether such
action would bo tegarded as politic by tho management could not bo
ascertained. '
Topper stocks woo model .itcly active during tho week, although
pilco changes wcro confined within narrow limits. Thero wero rumors ot
a consolidation ot four of tho large copper concerns, but In quarters con
versant with the affairs of these companies tho statement was mado
that no basis existed for such reports. On tho basis of current qmtn
tlons for tho metal, it Is asserted tho present level ot market ptlccs foi
tho copper Issues Is most atti active.
t
.Vli4
.1J0,
: i '.
."Hi
. tin
, nil
. mi
. lu..
liil'.'t to Iti
tmiu. inii'j
f
n?
HI 'I,
nnlnffi uhtrh rjn ha made In favor of tho
consumer who purchased at the high RaUvoml ISSUCS HttVC Been Qlliet
Railroad Issues wcro unusually quiet und pilLe changes Insignificant
ns com pat ed with thoso obtaining last week. It was regarded us a cer
tainty tint no material fluctuations in theso sccutltlcs would tnko place
until more dclinlto information is available as to tho proposed new
legislation affecting the tallro.uls which is now pending In "Washington.
At tho close ot the week tho feeling In tho best, hanking quarters was
of tho most bullish character. The war rec.u,hemcnts, especially In the
way of taxes, have created a falso position In the market for tho two Issues
of Liberty Donds. Iiccause of tax exemption, tho 34 have, ranged above
98, wlillo the 4 per cent bonds havo sold down to 9C. "With tho coming ot
peaco mid, the temovnl of necessity for extreme taxation on Incomes
this position would be changed, and it is to be expected that beforo long
the market positions will bo i oversell
I'caco talk grew In considerable proportions during the week, and
thcio now appears to be a general Impression throughout tho financial
community that peace Is much nearer at hand than has been gcneially
realized. Tn that event stock market as well as bond market quotations
should advance substantially.
Am t-'ar A. Pdy Tl4
do prcf .... inn
Am Int fpn. .. .Vl
Am Cotton oil. ss
Am tilde & I.. I.'
i do prcf .
i Am I.liiHccd
do pref .
Am r.uro .
do pipf
Am Smelting.
Am Sum Tob
Am Steel 1-Mj
Am Sugar . . .
Am Tel &Tcl.
Am To!
Am Wool . .
Anaconda
Atrhlson ,
do pief
At tlnlf .V. W I lli!'i
, I laid Loco l"n. ill)'!
I Halt .1 Ohio At
, lleth Steel II . ;.-.'!
do plot t C . HKIfc
' lltooklsn It T. t:t
I llulto & Sup C iK'i
I fat Peliol l.
I fan Pacific ...11.1
Cent Leather.. n5',i
I Chandler Mtis. T.T,i
flies & Ohio... S3 sj
Chi Ot West pf 211
I c ai & st p . tan
do prt f . . . . ; I
f It I . P t i- urn;
dn C pc pf t c Sjifc
il-i 7 p p pf t c ui
f hill Copper . I r; ,
Chlno Con Cop I JJ
Col Purl & Iton St
Col Ons ft Lice 33
Corn Prdiicts. . 3't'H
1 Cruclblo Steel. W,
Cuba Cane Sqr. 3 Hi
do prcr Hi)
Del & Hudson llu'i
Denver & It U. 3',
do prcf h
Hlstlr3 Sec. . . . nsr,
L'rle I.v,i
do 1st prcf . . ai '4i
(Jas Williams . 3I'4
Ocueral Ller I ."ill 7,
I Oct) Motors
Goodrich It P . IS
' Oroat North pr sk t,
lit .'or Ore sin !'
Ill Central . . t-.
Int Agrl pref. . 13
Inspiration Cpr t.vv,
Intctbg-Cons C '
Int Mer Marine, SIT,,
i do pref tiiii
i Intern Paper . -Jt i
Int Nickel .
Kan City So.
Kclls -.Spring . .
Kpiuio Cop . .
Lack Steel . . . ;.,!,
I Louis & Nash. 113",
Maxwell Motor ST
do Int pref . . S
do id pref . .
Mexkati Petrol in
Miami Con Cop :i
j Ml. halo . i:u
Missouri P.ie. SJ'i
do etfs . . . tt',
Nat Knain & S. It
Nov Con Cop . ts'ij
X Y Air Iltake ii
New Yoik Cent ;i)i',
Norf ,. Wen.
Ohio Gas . .
Pcima R U
Pitts & "West
do pref ....
Pullman Cur
J Hay Con Cop
Heading . . .
P.ep lion & StI 7SS.
Sears Roebuck, l.'n
Sinclair Oil .
South Pnc .
Southern It It
do pfd
jStlldebakor ,.
I Stutz Motors
Ten C & C.
Texas Co....
Tob Prud . . .
Union Pacific
United Cgr Sirs lis
United Prult . .ui)
U S Ind Alco. ll!i;
U S Rubber .. Sill,
I U S Steel . nir.B
Utah Copper . Si
Utah Sec Corp 13 4
Wabash x (,
do pref li . sjifc
West Un Tel. . no" 4
Westing Mfg .. tl)'4
Wheel & I. IL 9
I While Motors. . 38i
Willys Ovcrld. i;4
S'i
iVi
II)
?'
MVt
10 Mi
1111)
St'i
I.'
ftSl'j
3!"h
u
,.n
mi
K!
nt',4
no
nit
I lnn-
Nel
i nic
INDEPENDENT OILS
ACTIVE ON CURB
(II u
HI
HI
llll'i
S'lil,
Sll"i
!)H)!
till
IR'
IS
S'4 '.
II)
i: '.i
sini ".(.
:iv
mo -
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ts Vi
It '.
S.Ti -t
SJ'i
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S(l',i M
in)
HJi t',
nsti '-j
nil
mi
mm 'i
IIIO'.U 'J
U,4 '
ill', "i
HI 'i
HI 'j
lll!
Heaviest, Trading1 in Low
Price Issues of Gioup Other
Stocks Neplccted
Ill's t i
SiiL. .
iS'l
1IH'4
13
1BTi u
IS
till', IIJ'i
nt'j
S3
jo
13
73 '
SID i
SI Ms
(II
in
uii
as
33
r.l'4
31",
HI)
111'1'i
3
r,n.
37 '
in.
Sl4
31'-,
,lil)
ihv, nn
13 'i
HH7i
2(1
!IV
13
I".
ill
M
III)
s;
-!H-J,
i;
n
Bill
73 'j
mil
Sfl
SISH
H'1'4
Si
13Ti
II
13',
IH",
l.'J
7D
I'
hi
NRW YORK. Jan. :r,.
There was a totitliiurd dlvcrelon of
speculative Inti-rist on the Curb to the
independeiit oil gioup. many of these
.' slocks being in.tlv(l trailed In, while
. other Issues wire m girded,
4 Tho heaviest ttuillutt ns lo n l.m.
priced Issue, Central (ill. which sold nt
S5 to SI cents on Its llrst appearance
In the open market this morning.
The coinp.ni) has Inige holdings of
McMcan oil lands nnd Is capitalized
at SC.000,000. Cosden Oil was steady,
selling at 7 'ft lo 7, and there was active
trading In Houston oil at CO' to 61 U.
Among other sales was Merrltt at 22 mid
Midwest nt IOC.
Ilulness In war orders vias extremely
small. Aetna :cplnslv selling nt 7
lo 7 mid Siibniailiin Itoat was traded In
at I21; to 12.
Steel Alloy ki.I.I nt 7; nnd 7 United
Stales Steamship was Haded In at 4,r.
The motor stuckx wero again strong,
with Chevrolet traded hi nt 112 to 113.
United Motor was In demand, with Kales
at 23 to 22 4.
llecla Mining wns the most nctlve
In llio milling group, with transactions
at 3-i, to .) 5-10. Cnnr,lldatcd Copper
.Mines was quiet at 6 to C.
Artnn rrrlirtiat'S . 7', '7.'
in vroiet ...
I'oaon Jl, l'o . . . . .
f'urtliu ... .
f.Mtlich Klf cor I Mnlffl.
MliRltlH I 'mm r
Kuffntan SHu . ....
ItUKKlan i;'im . , ....
Sour, a Copiw-r
Ml Joseph l,rft,
Suliiimrlnr
tnlir,l Motors
t'nltn) Vcrdq U: tnnslnn .
Wrluht Miirlln
WrlaIil..Martln prrforrrj ,
Sales in Philadelphia!, DULLNESS CONTINUES IN TRADING
11N X'XIIJUUXLlLji xxxrx Qivvjxv ivirt.iViVlIiX
Price Changes Are Small, but on the Side of Advances.
Railroad Congestion 'East of Chicago and
St. Louis Retards Business
tjftW
H.I
in
Si-
1.1 "4
!'.
isr
Net
rioso i nur
H3 '.4
(
111 111
1 V.
J7 ss
7.1 M)
3s in
41 13
4.1 HI
1
tr.'i in
'-'.! i-'i
j' s.t
sn' 37'i
is r.'i
lll') I'
7 1 ',4 -I I'
S'l ',
J n
1391 - n
71 '
3sH
St),
HI 14
til
ISli
3
31
sn'i
3li
Hll
llll'i l'i
it'l Vi
111, i
37(4 '.
15'i I- ',
SI '6 '4
tllVi Vi Hank earnings throughout tho coun-
14" try for the week ended today totaled
111'-, $S,GH,22ri.!)30. This compares with
IS - t'41 $0,1S5.027,CO last week nnd $3,317.-
HH'i, 1 8IS,li8l tho same week last ear. Phlla-
r, 'i I dclplila's lotnl Is J2C0.1CS.74C. against
Vi i ?2r,,i,1S5,572 the corresponding week last
I year, a gain of 10 5 per cent
'.4 Details follou
li tins
v- Y'l: J.'.sit.pi.' r.r,; j
it lull
n Am (las. H3
7 Duff & 811s
t c if. tn
10 Lire Strr So
In CoNA ..
(1HS Lk PU Cp 1311
SO Leh Nuv II! ',i
Leh Vnl. ..
HI Peun HP. in
Pa Salt.. .
Phlla Co
cum pf
SKI) Phil Lice .-.'!, u.Uft
no P R T cfs -JH', 2H
lnq Reading.. 7-tts 7'4ti
SIlTon llel. 3j", 3
3.1 Ton Mil). .11! .Vi
loo Un Tr.ic. It il
.till Un Oas t 71)11 7i)',4
1073 U S Steel !)l,4 1)1
War 1 & S . .
"Wirkllnf ..
tQuotatlon given Is jcslcrday's close.
in i
ii -i- ',4
t-M',4 ..
13 ',4 -I- V
(U ',4 M
Hi ..
ISTi '.i
tl
.111
3;ii ',
3H'-,
Only FinKII stock s.vles were record-! Tho Peiinsvlvanla cm,,M,u for .
ed during todti' short session on tho I "u",n,' "" J''? '.'":!. i,rn""n? Annul"
, but thorn was ,uml -r;f tc1;;j;- ,-:;;;; -,7" ""-.
Philadelphia exihnnge,
.... .,. ...,.i.... .. n. .i i. ....,. . ....." " win
an I'menrn in uiint'i it his rn.-jtm ...-. t , v. v,, iiuiirmi u, m irnilliry until
'' neat l nil pi leo iliangrs were lo high- 3 p in. for an many first nnd islliu.r!
;7 er levels Advances were small hou-! trust nioiUage n per ennt sinking funl
3 !(,, m, it,dcd llttlo Interest I bonds as S137.17.' will pureliase. nt
- riiunueipnia jaeeirie iqok inn i"" '
' , I quarter nfter selling a tilde higher.
"li I ' l.-rdf-llntinl i.nltia Ultrn lil.irl.ril 1111 for
1)1 i -i Lake Superior Corporation nnd Tonopah
TH',, .. stlnlng and Tonopali llehnont Inst a
!:I". J' frnetlnn. while Rapid Transit trust cer-
31
II
70T,
tlflratca advanced a quarter ofter open
lliisiis Nt lug unchanged United (las Improve-
lllKii Low rioo char, uicnt was iii.ukrd up a fracllon to 7i"..
Steel common was less aitlve tn.in
It has been for some davs, but advanced
, i for a stibslnntl.il gain befolo midday,
' - Railroad Issues vieio quiet A small
turnover of Peiins.vlv.inla look placo nt
'' ".l" last oltrlil's rlnslnir tillot.ltlnll.
"I l.lli. . I , tin, ,.! ,, nfn tlnntl In innrlnr.
HI '.4
III
sino Am tins
& CIS Rl'.i Ht'4
SIMM) Leh Nav
ens ),i nl III
I ."() Lib I totals
3'jk.. I)H 07.71) 07.
i Miii do tR..nn,3i) oa.ii) nn.so
USD dolst4s00..M) oo.so tin.si) ..
usooPli i:ieo
1st Cs. OS',4 1)7 07 -
pi-lco not exceeding 101 nnd neriucil in
lercst.
Ollleln's or tallroads operating ca-i.
ward from Chicago nnd st Luuls rtnort
that ti.ilflc conditions iIOi, caft anj
west, urn still serif us enough 10 eaur
lonsliler.ible emlinrrassiiienl . shippers
of coal nnd oilier cnmnmiliH,
L'nib.irgoes have been pin. nl on rr.
tnln toads In ordei to hurr t !io move,
incut of coal, to ease un Hie iii,uiu.
ut the eastern pphIumwI ami in ,Pp tt.
movement of vessel tn Hit. va, Knt
I liusliicss loiidltloim In Hies ectloM
have felt tho cUrnoullnarv uliuailon, hu'
roiismriinK io uiieeriainiirs una 11..
ntely, with the 3'jS ndvainlng n little I dinieiiltlfs both on the pirt if rallroaili
.ni(i ot a suiucietu nuniner 01 oonds . """ ino ministries, irnue is iieing carrlcj
...I....... ... r m- "ft ... .1... ..I, lit ,, .ll.fnnlnri ............
to cxliattt the sum of $30,730 In the
sinking fund, at a iirlre net lo exceed
INACTIVE 1MIIL.A. STOCKS 103 per cent and noemeil Interest, or
Vnllnwlnir nro miotntloiis for linctlve , Philadelphia Rapid Transit Company
slocks listed on the Philadelphia Stock , '"y-Jenr .. per .-en n c "' '
,im i in. ui'.. ,'., i'iu , ifiinmi. u,i
Trust Compan: trustees, bcfnio noon
Ucbruary 5.
HANK. CLKAI1INOS INCIlCASi:
llusincss 5.0 Per Cent Above Corresponding-
Week Last Year
Uxcb.iugo and In which thero weio no
7. transactions today. Tl e price given is
inn last picwuus uiusu;
Vlil (Ins War . PjI, Va- M -'.1 nt J1
Vln"r Mill l))j I.rh Vnl l"iaus 2.,'a
Amrr Htorro 3J I'll Vnll-i. .
Air. Stores rrff VI lit Urns . . .'
tiurf kusi t c r.s i iiif si mi-noil .1
I'ninlirUi It-en .. la's Mlnhiil JU
CfnlTlar N J . l,t'6 North fi-U . ijl'i
Ci-li Asphnlt H"i Vorlli I'tlnj. . S,
Illl Aphlt lif 47 J' It T i. '
III it II T . . 10 I'hlla Trnrtlui. .1
tit k 11 T urcf 17 liy i'ii '!"" J
ix.-JBii.no ,ri... .;! ... "---, Tn,.
fjlj Went I till
on In ii satlfnetors manner
Olhclals of southern mails report thit
the loal situation I, training ,i iiurinut
stnto In the Siiuth vvlulr mhrr com.
irodltiei in.- shot nig n griiilual trfnt
fir tl.n betlri. Tram igo nn Hjiilhcrn
IIIIU-1. nn.i.ti. HH'iii nimUT ")
cent under a year ago
per
l.'n.. " .1 .....
Key Tel Int pf' 17H W J & Srasliolo .")
Leli Nav t'ts pf
New York Bond Sales
NKW YOHK COITKi: .MAKKKT
NRW YORK, .Inn 20 The market
for coffee rutin rs npeunl liiegul.tr to
daj . 7 points lower to 3 points higher.
Trading on the call was quiet.
While finding wns less active, values
iweie steadier nnd held about at the
closing level of esterd.iy. Tho bullish
i lnctors still centered iiround the freight
situation nnd tho possibility of an earl
peaco abroad and while stnlistlially
conditions nie bimlsb, aggressive Felling
has been 'becked mid icceiit declines
Financial Briefs
Commercial failures tin wen, j,
United States are 27.1 ng.iliiKt r,; aft
week. 283 the preceding erk rtn,i jjj
the conespoliilhig week last vear Ksl.
uics lu Canada number tucntj-thrce
against tvvent -seven last wiek tnents-I
fc tn tho preceding week .nil nineteen
last ear
Illsh
VIS
nn
. tui'i
S2'j
knw
Tlio New Yoik Subtre.muri rain.-
followtig from time to time have been '$178,000 from tho batiks on Prld.ij
in a
t.t l
tl-',
nn
'.1.1 4
M,
M
Sl.
77'i
7s
I'll
30
17',',
II
IliT,
81 -I
Ol',,
37',
3H1,
17 i .
II '
SJ'i
7.1 '4
11.1),
3U
1017
'4
Chirac
1'lilln
I lloslon
Knn rit
Hi (.mils
s Trim in
I'lltKb'Rll
PMrolt
Italtltnor
N.urlrHiis
:.'i iij i 1117
JIN, 1 1,0 711,
1SO..V,"i..OJ
inn nun Him
13.1 nn nn
71.S.U uiiit
111 31 I '1RI
42,72.1.7111
31. 2117. Ill
SI. 725,0.11
! C
Mil 3 S
3HI1.217 1.12 i- II 11
231, IM.r.'J sill S
171 nn lino i s :
1IIS.7SH .17.1 4 7
1111,411.73 1 J 21 .1
l,s 43.', 7s II II 3
lis.nl I.1IS7 .1 ,1
1l."7.1.3sii -J 3
."ll.S'ili 331 lu n
12 It'll :ioo i 711 5
1.7'.
7S
ST.
Ml5.
I)1'4
7)
7-:
S3i
SH
UO',4
3!
I37i
33 'i
II
l.fJi
1H1,
1
7(')'.i
1113)4 .io:f; iin'4
.3iiT sm.i 3nt
in
llll'i in
UlM .1
iIh.s J3,012,1S3 131 JJ SSl.SSa OSS 1 OS
Other
Htlm .1
ikij-il 7.70 211 SIS .1SS.373.II2II -I 2" .1
'.i
I'i
Trial all
rill, a .1
.!ai . $ I.Cil2.720.o:.2 $1 lflD.5i72.717
All ill
1 day . ?51.IUS,;iSI 8ls.2s3.tl07
lti.Mii) Anulo rrriiili Si
Hum Am Tor fee 5
tlilin Am 'I rl 5s . ,
liimn Am Writ Pan :
1iiifi Ann Vrhor is . .'
limn Armour Co 4Wa . sl'a
limn Hall Ohio 77'i
4IIIHI ilo cv Pas . 7h
1 1 llrouk It T 5s IS. 1"1
1 10 lloruo lis . . S7
limn I'an llov 5s lojit i2T
.liiiini'int l.ath 1st .Is nl'a
sunn Clii-s lun I'a" "7'j
1 noil ilo inn ,'s .
I mm f" M & ml' rM t'js i,7'i
liMiii ilo onv 1s 7si)
.".IMliI Col K So tal 4a . Mi
,...i.k .'I. nf l.vl. f.a mUa
.'liiiin Con Una 1 unv 1"' l'"1'" '!."'
li. (ill litrolt fiillnl 4'ja in ill ')
SiHin HI s-i Com Sh st' HI'. M
2IIIIIII Rrle ronv 4 Snr I) 4ll' I'll 41 "
;:l l-rrnrh Ibp S's a tnl' ''il', in,',
in.ui Intrrb Mft I'i' -;? f"'J f'!
RI111111 lntr Per Mar i. . 11 1 H-"i J
r.niii) Kl'lllSJI l. 'is'., .s'a "S'l
.,. in..... I1.....1 flll. IIS III !IK IIH
4II1IIOII '1I1. t . 1111.30 !).- I 0H.2I)
11IMIII iln 1st Is !
2IHHUI t.jons ns s
.111011 Mo IV 1 cm l . ,
4111111 ilo Us . Ds'j
r.nnn-N 11 Tfi. a Mi-x Us 1)3
I'llllllll do s . . 1-j
Hum ilo Is - '-' a
niniiii v v 1' s. 11 ns . in
L'ihiii x v uwy iiuj "s . '"
i' c"'" niiHtly luo to piollt taking
nl 1 At riesnt 'Jure nro 713.000 bags
I'l'tinfloat for Hie lulled Stntes, agalt.'t
y' ' IS'i.ano lngs a jmr ago.
si- Toilu'a "Vrs. ril-o'a
777. 1 epenlnc 1 losr
7 Auauat II n.'Wli 31
1111 xepinniia 1 .. .. u an ir u 43
87
October
November
Derrmbi-r
,-1, .ianunr
-Tic. j l'rbruarv
.Mil nh
April
May
Juna
Jul'
t- H18J8 S3
s iij'wii.ir.
tl ItiltflM,",
II IS till 21)
II 1 1 111 II 4 1
'.I I75C.I IS
ii iimn M
II .is Ml) 1,11
s .".nils mi
S .11 HIS till
S "IIMS 7S
S SUMS llll
li iiMrn OJ
!l II fill 12
I) 23 U 3 23
LOCAL MINING STOCKS
TONOPA1I STOCKS
Illi.UI) !ll III)
ST
1!
.117
.III
III
271
nn
113
:i-'i
3.1
. ss
. .11
. 13
. IS':,
.130
. 3li
(.it,
113
33) .
1.11)
:3-.
H!-'
"3
SH
SO",
II 'a
IS
til)
5 I'i
in
r.sy,
113 -)-
3.1 '4 -
73',i .
7.Ta
ISO
3!1i
h:-' f
33", ..
SH
50 1 -,
13 d-
IS',i
no
a i'i "-
r,7
IISlj
112
4.1
ilJ'a
ni
is
Sil'a
S'Hj
I'.l
S7
so't
711
.01 j
i
77',
lis
II I'I
111,'.
1IS.
111'!
r.:
Iis's,
41
in
is
Sfi',
Slls,
1:1
S7
Ml I j
r.7.
711
?'
lllll
77'.
lis
OIIIJ
llll'i
IISa
lli,
llll'j
lH- 11314 lll'i
prices.
It has been a lommon custom In the
steel trade for some consumers who
turn out finished products to purchase
their gemirinlshod material ahead, and
this policy was continued up to 11 few
months, beforo tho Government named
maximum prices for steel
The dclugo of orders to the steel manu
turers, and later tho urgency of the
Government's demands, put deliveries ,
far off, and as .1 result soino shipments
would be made In the next few months
on contracts which were mado early
In 1916. long before, there was any
thought ot price fixing
The buers who had made these con
tracts, tn the meantime, have had prices
for their finished products fixed by the
Gov eminent, so that In u number of In
stances the present maximum would not
permit them to dispose of their products,
materials for which wero purchased at
high levels, cNccpt at .1 loss.
Therefore. It is pointed out. that the I COLD WAVE CAUSES
'nouid no! SorrcritUM."ed FIRMNESS IN CORN IN FIRM MARKET
However, this cannot be said for all con-
limnrs. Somo of tho sircl products on '
which contracts were canceled were to , Heavy SllOWS and Strenjjth in Late Positions Steady, Re- ' ft'Jl&'Vriir
b used on articles which wero ordered ,.,.,.. t, .. i-.. 1 . e 1 Utah Sr n
1)3 li !) I
130 131)
HHIi HD'i
.17) t SOT,
J
h 1 14
. 13l4
H'4
33'4
1)0 'I
3!)l,
0
3H'i
01V,
111
ia
, H'i
33 '4
Oil',,
10 li
0
3H'i
17'i
'4
Short-Term Notes
Total nil
rlt I a a .
i'k . tu.OH 22.1 IC.it $3 317. Ml CSI , in
monky-u:niinc. kati:s
I'llII.VDIlI.l'lll V Cull, C pn cent;
.time, C, ffi! per tent Commeiclal
'paper, tin co to four months. 5'.. liB,
I rtr cent; six mouths, U'.. hi s per cent.
I Kcserve Hanks' Discount Itates
Otllilal ratra of illarount for rni It of tho
twvlie IVili-rnl illatrlrls ore A follcms.
.-Dal a
nil up
to no
Pa
I'a
I'a
'
t'b 1
t'a
rOKKIGX KXCIIANGi:
Vl'.ll' YllltK. .Inn. "R Tim usual
... ... ...... . .....In.llnn .In. InHl IVtll MHT'
lioiiuay uuiincss prevnueu 111 tne tor- i'"""'""'' 'idis 1917 into
elgn exchange market today and no par- pi,ih . Jin.lni.s71 nciiix, 1111 14 1111 isi
tlutilar change is looked for In that le- llo-lon 31.250 2s.' as.ua 2ni 31 isi s7
1 spect jinlll moro headway lias been 1
I mado In the International steamier
movement.
Tho only quotable change In rates
' from 1-rld.i s final liguies was a fur
ther declliio of half a point in Italian
exchango which readied 11 new low
Sterling and francs htixi steady. Scamll
' 1.1 ur IS 1111 .'in un
m Iraa to In to 1.1)
llostcni I . I 4'a
, New Vork . . 3'a 4'4 4'a
Philadelphia ... I I I'a
1 , I'larcUml 1 I 4'a
Itlihmond I I'a I'i
7 ' Atlanta. t I 4'
' 1 I'lilcaKo I s 41, 1 1,
i si l.ulJ ... I I m
' Mlnneopolla .14 1
" I Kansas City ... I I'a 4'i
'4 1 Dalla ( I 4'a
San l'ranclsco. .4 I 4'a
Illllll N Y Tel Ki-n 4'a. "'S
27IIOII l'rllim Ken il I'll S'l"$
innn Itlo l) K. W clt Is. lit
limn Nlnrlalr .a .. . si",
r.imn do wnr ,a s 'i
Ml St I, . S 1' her V .1.
1,111111 tin Scr II . . i0"
1 1 s A A 1' lt 4s 10'a
27IHHI 1' S Ilubber 5s . ..
310011 C s Mil a f ,.s. Ill''
'.'linn t'nlnn I'hc rfil 4a ..'
.12111)11 V IC (I II 4 ' ',V,t
i-.'onn .10 r.'as pus... i;
lli.iinii ilo 5'a 1011) ''"ii
llllllll ilmtiVil ll"W 'ID tisji
41I1I1111 ilo 5'aa IH-'l ",
Llillll IV i:in 5s HI.' a
I)IVI1)KNI)S DECLARED
flnlrv Aik-r Coinimnj. rccular quart rrl)
I'j per trin tin iin'ferreil pajablo 1 ebru-
DrSoulln-rn Cullfornla IMIson I'ompnm. rrau
lar tmarlerlj 1 per trnt. pajslila I ebru
ar 1.1 to atorlt of monl J,inuar .11
American DrUKBlat Ssn.llrati' rrcular
armlmnual of t pn icnt. rajnblo to liolarra
of rrroiil January 31
riliirlilteM Coal Corporation, usual ouar.
terly or 1 per cut on t ommon anil of l3,
Iwr rent on prrfi rrJ pajablo Itbruart In
tu stock of record todas
HANK CLEAIUNGS
tlank ikorliiBs loilav .ompar d nnh iui-
lnn llullar . . . ..
MarNnui.tra
MMuay
.M!zp.th lxlrntlon
Molllnna
Kearu llulnlla
VVrat Una 71
fiflLDI'Iin.l) STOCKS
Atlanta no
HIu.- Unit nt
llnoth , nl
Dlninf II II 11
Dalai- 03
Krwanna 117
Dm Hi
Saml Kn . "I
fellier Pick 11.1
MISCKI.bVNnOL'H
Arlsma t'nllnt
Vrcail.i Wonder ..
Tt topic Mlntus . .
GOVERNMENT HONDS
L- rltrreil 1B3D
:. inuiion 11)31)
;is rmlatrrnl lots
.Is. ionium, lilts
4a. rt Blatrrnl. Ill-'l
Is. rouH)ii. 102.1
.1". rtKlsieritl, lliur
3s roupin lllin
IVlltlUUl 2s rrfiliti-rril, 1(1 lit
Panama 2s, rrutstf rril, tins
ioniums. a. rrBlatrrrd. nun .
lVnama 3s. iiupon
in 20
1 II 1 11
17 20
XDS
lllil Ak
liil'a H7' a
liil'j
nn no',
H'i ni4
1111 line,
101 111.11 J
83
Max Slegel. Ueni.c 1 Jrnnsen nml
Udwaid P. llulton hate been elected
members of the New- ", nrk Stock Rx
change, .lames C. Lnrd wns authorized
as n substitute to take the place ot
William Ha lis, ,lr, of llaclls . Co
The New Yolk Coffee and .SuK.ir Kj
change membcisblp of I" K s'pER(,rn,aIln
has been sold to II I.imbtrn The
cousiileiatloii wai $l",nn, unchanged
from the last previous salr
Gioss earnings of twenti i i.illroads
for tho second week in January were
$0,302,137. This compares uttli Jio.
CC5.300 for tho s.im. week last tear or
a dectease of $71,1 .tea
n'i 1
un News Hureatt Observes I'uel Order
I'i, 'NRW YORK, .Ian 20 To add t
1 mllo toivard the successful outronio cf
In Kuel Adnilnlstrntor (i.irllelds plan for
113 ! coal conservation, the .eu ork News
!"! Ilureau Association servl,e will net be
u"l operated on the Mondajs brluern now
and April, designated as eo.Uless dajs."
This action Is m.id possible by the
17 1 concurrent closing of the New York
I Stork i:changc and other financial and
commercial organizations hi the eastern
section of the United States on the cla)s
mentioned.
.Shipments of Meat Increase
CIUCAOO. Jan 20 Shipments cf
fresh and cured meats from Chicago
duilng tho week ending January 26 viere
38.130,000 pounds, against 58,391,000
pounds the previous weel and 31 199,000
pounds tho aino week last dnr
02
Oil Company I'as Extra 3 Per Cent
vt'filU'OlI !.-. T.... ir- ist..
Exchange Closes Monday Noon stand.iid'oil Compinv of Kansas ha
NRW YORK, Jan 2C The board of declared tho regular quarter!) dividend
managers of the New York Piodm-c Us- ' of $'! per sbaie, and an elra dividend
change has decided to i los the e- ()f J, per slime p,iabli February 21
'achango at in on Mond.iv, nt the surges, to rtotk of leeord Uebru.irv It Docloi
tlon of the food administrator t lose Ucbrunrv 13 reopen Vobrimry !!
INACTIVE NEW YOHK STOCKS
Kollcwirg nie quotations for Inactive
New York stocks and In which there
wero no tiausactlons today Tho prlco (
.!., is the last previous sale.
i.lama Rvpreas 115., Nat I!n V SI pf f)(.
MIOr.T Tt:ill NOTRS
COTTON IS HIGHER
iiinnv months ago and on which old
prices probably will be demanded. These
consumers aro merely making efforts to
Increase their profits by obtaining their
raw materials at a lower figure. "Whether
they ullt bo successful In their efforts
remains to bo seen
Thern la more anxiety in the steel
trade over tho fuel situation than any
other factor at present In the leading
districts In the i:ast, the shortage Is be
coming even more acute than It has
j4 Open nna snuiuawus tut: uniuciu i,u
l in romu instances prolonged.
Thus is especially true of the Pitts
burgh district, local authorities assert
Despite tho fact that tho mills in that
nebrhborhood are nlmosta In the heart
of tho coal fields, ro to speak, they ate
nqt being supplied with sulllclent fuel
for uninterrupted operations, and tho
mot strenuous efforts to bring about
relief ha not been successful thus far.
Just how serious the fuel situation
really is was Indicated this week when
H was learned that a. number of plato
JnllW In eastern Pennsylvania, which
Cash Article Induce Fui;-
ther Buying
cording Advances' of
5 to 8 Points
cum iihi.T vw:iiir.t: loitht r
(lllt'VGO, Jan. 3n. Illinois -Snow litis
nflrrnoon and tomsliti -inula), cenerully
fair and t-olilrr.
Ml-sourl snow tills afternoon nml to
nlchti sundnj. cenerully fair anil i older.
Wlwonsln I'nsrttlrd tonlslit llh anoiv
In matt mid tte In entreina aoutheukti
.sumliiy. urnerally fair ,,,,,, ,
Vllniiraotu (.enrrullt fllr tonlslit nnd
.undayt ronllnurd fold iindJ
nHn snntv und colilrr tonltliti lold
null In ullieti Xiindji. urnrrully fair.
North Dakota (.enerally full- e.-id ron
llnurd afirrs lold tnnlghl und hundiit.
-outli Dakotii (.enrrally far tnnldit
and s,indji colder lonlcht In rant und
"vrbruaka sno this nflrrnoon. fol
lowed by tfnernlly fair tonleht und Sun-
d"lnnua I'nselllril lonlthtl cold wave
lonlrhll Siunilii. euldrr.
Montana I'alr tonlthti colder In couth-
'"vv.omlnS now this ufternooni co'der
I lonlcht.
Pile 0 DU" 11.1 AlJ.
' Am T it. T (auba) 4'a Prb '111 no li'
llalt fc Ohio ' "' 'IS im ti'i'a
Halt Ohio. . 1 Jul '111 US Iis's
lleth bteel . IVb Ml) 117'. 117s.
Ilrools ltap Tr. 1 July 'is in'a mi'
Can Par ny it Mar '21 !)s nm,
c II . Q 11 It .1 July '21 HI in'J
Del 4 Hud . 1 Alls "2il 117 H7'a
. i:rl It It . . -1 Apr 'in IH !'l'
1 lienrral t7le " Pro 'ID HO Il0i
ilrnrral Hire . n July 20 '.io4 inn
, Int llarv Co . . " 1I 'IS ''' HWi
N Y Central B Sept '10 117'. 117".
I N Y N 11 4 It.. 5 'Apr '18 llTa 01'V
l'enna Cu . I'I Juni '21 in'i lul'a
1'ub berv Cm N J 5 Alar 'to in'a H7
Ittm A V M c Co .1 frb 'III no H3
I Southrrn t!w S Mar '10 nil', 7',
Cnlted Pruli . 3 Mas 'IS no', inn
, Utah Str Cor I! Sept '23 S3 Rl
rOHIUUN OOVUUNMKNT hllCUHITIKt
Am Tor Per . . r. Aim '111 HVa Ml
Anslo-l'rrnch . r, o,t '2n SS', so
ArEentlnr itov n May -'20 lit n.1
City of Paris il Oct "21 Ml'i S7
1 ftp of 1'ranev, .' Apr 'to ml I'll",
i rtusslan (Jov.... '.'a Juno '10 411 4S
llusslan tiov . 5'a Dtr '21 41 43
liov hiiltscrlanil .1 Mar 'isiio'. Inn
llov bnlttrrbunl 1 Mar '2D IIDVj inn
' tl Kof il II & I a Sept 'IS tin',- inn
I IT K of (1 II . I. r.'i Nov '10 IMl'a nnv,
O K ot II B A I Sta Nov 21 US'. til
' Convertible Into long-term tionda
oicruiiK itnu jrancs iitt sitauy. .-scanill- ' '".;", 8"num , Nat l-a.l tl
n.ivkins ui-ro slight y llrinei In tone ! Adianri- Hum uf 20l-a Nat I.piuI prr-r no
P.uhles wcro nominally unchanged, but AJa itubbef ,- N o 'iri s. M. x '.ii
transactions aie theo.nteally Impossible ,Am' iVxpreU - 7,sa vj sj l,'?Y ' ,',1-V
tic ., - is ll ll M lai pr -in
"lt,.Ire,lf ii!i N n " M 2.1 Pf r-n'i
"' J ,Tv I li Nort Sou"' 21 .
l t Vl 0 Norf t Wrat pf 7V
i'ir Bf" 1 N'or,h Am'r 44'
linatra nf " Nola Srn,u s "H
JiVf new Sit N Y N ll & It. . 2S
T 31 Pf D3t Ohio Puel . .44H
tOTTD.N lll.l.T UTIII.U I)M)ITIU.
MAV VOIlK. Jan. 2(1 The follou Ini
teiiiprruturfM urrn recorded In the cotton
belt this inurnlnci
lnnilllr, .Hit Asheillla and iiEusti),
3li Mjtou nni f huttunooca, 36t Wilming
ton. 13l Chnrleaton. Atlants and Tort
Mnlth, 4ti .savannah nnd Thomaatllte.
48t Nashillle und Montgnmrr. 4Ht Jack
aonclllr. vterldlnn nnd l.lttlr ltnck, .10 1
Itlrnilnghiliii und Mrmnhla. ill Drl Itlo.
50l I'ru.atolii, ,1Ki l.aliraton Oklilhomn
and Ne Orlrnn', Clli San Antonio, all
shrrcrnnrt, (ornus ( hrlttl und Mrka
bure, (11.
NUW YuP.K. Jan 20.
Near months were easier at the open-
lug of the cotton market, JIarch being i I)ank Btateiiifent this week shows a large
to effect any pajmcut in or to ltussln
unuer existing condition
Quotations were:
Demand sterling 1.75 33. tables 4 7C.13
Sixty-day bills 1.7J ; ninety-day bills
4 70, .,
Pranco cablo 3.70. checks 3 72
Lire cable 8.10'... cheeks 8.17'..
Swiss cables 1.44. cheeks 4.40
Uullder cables 41, checks 13'
Pesetas cables 21.23. cheeks 2V17
Ilublo cnliles 13'i, checks 13.
Stockholm cables 31. c-heeks 33''
Chrlstlanla cables 32, checks 32L.
Copenhagen cables 31 )t, cheeks 31 1,
1'ederal Keserve Hank Statement
Tho condition of tho Kcderal Iteseice
Hank of Philadelphia for tho week c , a.
til )cste-rday co.npaies with the pre
vlous week as follows: '
j NEW YORK BANK STATEMENT
actual Loans Much Larger and Re
serves Show Good Gains
1 itusouncns
jcold coin and rer- J'""'"y I3
tinratM in vault.. $18,780. 4J3
1 O o I d Fettlement
, fund balance ... . 37.190000
'Gold with foreign ""',"u'uul'
"roo -.- 3.n73,000
January 18
$18,738,787
30.827,000
.1.073.000
Am Mult .- . -V N It It M lal nf 411
Alii Malt pre! '" s; n It M 2d Pf nn'i
Ain Smr t prcf 1 Norf k Soulll . LM,
A!'1 ! if A nil ' Norf. Weat pf 714?.
0 'i',',';; if lint .orth Amrr . 44'
Am r-uma
Am Ion r
"' ... ....,.ll -.-. t.l.lrt .1- r... -,
A 111 I t ,1."!. .'.,,. ..." ..in., , 1
v! TVI t Trl 101 Oi.tarlo Silver . I'i
Am Writ Upu pr 21 owrna Hot . r,n
Am Zlne fil.Pt 43 Ohpiis lint pf 104 I
Ao I) O lal Pf 5; Pan-Am Pet pf CO ,
Aaao Oil . ., "Lf Tan-Am I' prior
All IJInil All W pref ,t ... CS
Atl loaet I.lnr. s.l'a pacno v, m-i
, !!",1 'on!o",.f 5S Prla i "last. ! l?
lSn'rVrti Co nf lu't r""r MarnUfttr 12"a
1 JtJS fa. Sin) .."1 P)tl """ it" a,,
, ifflir Till) clas.ini Plerir Arrow . Jiv, ,
itrown Shoo . 1' ( 1 4 M l. fin
' llu?n tiros 113, Pub Sri Ci. pf inn, 1
ltultrrlcn .... l'i ll Sll bnrlns . r.nn
I'al Parklne Cu 30 Uy Sll SpB pf Il3
Cal Petrol prrf. 42'a nradlnir lal pf ni
1 ni i.catii "t.;v3,. iirauiug -.-u pr. a?
Crnt.SAmT 11 ' nep I i s pref n-.
'h! f1 Alton ,- L Saiag Arnn . nn
Chi t Altrn Pt. 23'. s, ,."a, 8 r pf. 20
r.W f vj Y. 'nViiuT; Bt I, t S W... 2.1 I
ri.iiit.l'bdi- Bf'lli) Rrahoarrt A 1, . s
$33.C00.433 33.2n0 787
01,910.173 CO 875 75
1 .100,000 1. BOO 000
Oiej" -were making plates for vessels for
tho United States Government, failed to
take advantage ot their exemption.
This svas caused by tho fact that thcro
waa pot enough fuel on band to con
tinue operations and tho shutdown was
longer than the five days culled for in
the fuel administrator's order. Of
course, the ee,vro winter weather con
ditions were responsible, and In lead
Hie quarters It Is stated that thero la no
actual relief In sight, as the railroads
ura stilt congested with traffic,
TJi eteel man at present Is not In an
flV'tabtes position The problems con
lrfiUo lilm are many and varied and
tor tuo closest siuuy 111 reaching a
M011.
?n
RAILROAD EARNINGS
CANADIAN PACIFIC
ISIS Inert...
1IIU.0
I down 3 points and Slay showing a loss
I of i points.
I Ily the time trading in May ended on
the call, however, attention was at
tracted by tho firm 7ci c In New Or-
CHICAGO. Jan. 20
lnflitnn,iil ti heaW snoWS In tllO far I ir.lnq ..hr.ro nrlroa a.lln arcrr.ll nnlnts
were granted exemption from the l hVest nnd another cold vvave. when vc ere positions In the
order of Dr Harry A. Garfield because coked upon as unfavorable, or the move-' '
ment. as well as oy sirinmn m m" .-", .- o
article. Induced further buying of com jvances of 5 to 8 points.
futures this morning and llio market joom traders, tome commission hous-
was firmer. cs. New Orleans Interests and one or
March started 'c higher at Jl 26;. two operators, usually acting for Llver-
Increaso In actual loans and good gains
In averago and actual reserves. Thcro
was a big decreaso In average demand
deposits.
Details follow :
A VERA 0" K
Loans
Demand deposits
Time depoalts . . ,
lleicrve . .
ACTUAL
Inrreaaa
13.1171,0111)
811,912,000
3,201, (lOl)
13.1,1)1,710
!,oans . . .. ..
Srt demand dcpoalts
Tlmr depralts
Hearrir
Decreaie.
SiS.tifis.nno
1ll (Hill
n..i7.i.nnu
2U.UU.1,S20
Total cold held by
name
Cold with Crilernl
I fleaero agent.,
a 0 1 tl redemption
fund fc. . .
Total cold re-
, ve J120.O7fl.91O ISl.tSO.TU"
I-gal tender notes, ''
ulller, ctc. 2,212,811 2,011. 3S7
Total rccrvo....tl28,318,831 1123.748,150
Illlla dlacounted
inemben ., J33.S09.000 J3I.162.4S0
Illlla bought In open
market 14.17D.41I8 14.200.292
.Total bllla on
hand . . ...... JI7,0S9,107 J15.43l.773
IT. H. llocmt. long
term arcurltlra . . B.300,,130 C.5 10.830
U. H. clocmt. ahort
term tecurltlea . . . 4,023.000 3.025.000
;.".' o t..'f 47.; Srara-Roe nf...llft
rSl t So 3d Pf. 4-"5 S-hatturk Aril.. 17
CohlP Tab Ilec 27 Sloaa Shef . 3!4
Cont Can . . 87 South Ily pref n7'f
Con O Bl.tr S2 Ku P II f-usar I'"1
Cont Int Cal M 17 ', Sland Milling pf SI'i
i ruclbln Sll nf S't Ptudebakrr pf.. Ill
Derre t Co pf 0 1 Run Steal ... 31
t ' jy,.- .'- sun "'tl tat pf . nn
Detroit Kd lion. 12 j Trxaa Co rrta. in'4
.. . .1 . u T.Mf ndtr '"iruiT tj I .ill
l'ed - let,; Third .. 21
cISaral Tl?r ."'4 Xob"r' r.n f 02
y"l'igar"r."f' ils'J Z'?rr"'.V .
iloodrlrh 11 P Pf.lo'J X gj " ,- J',
ilranbc Mining, nl T St I, & iv . clfg R'a
tlrrna Can Con 30'4 T St t. ft IV' pf 3n
pool, were buyers, uhlle the telling gen
erally was scattered.
The receipts at the ports for the day
are estimated at 10,000 bales, ngalnst
19.305 bales a week ago, and 10,377
bales a year ago.
Yriterdai's
rloao
January
I'.l 00
30 41!
20 10
20 111
2 .12
31 80
Open
iO 40
911,00
20 US
28.30
10.30 11.30
a. 111. 11am. a. in.
. Jf January
JE
l2.a24.otH)
7
May started at t 23'. to 1 23, against
$1 23 at the end esterday, and later
sold at J1.2J?..
Buying of oats continued and the mar
ket was stronger. Friday's heavy cov
ering, however, was thought to have
weakened tho technlotl position to somo
extent.
January opened !ic higher at SJTic, .March
and later sold at ic; niaren murieii .- -at
82.&82Jf. against 82o nt the end l)clt,Ur
yesterday, and moved up lo S2c;Bpot
May was quoted at 79ic to 7S'o at '
the outset, against 75o nt the close yes-
terday, ahd ros to tjuc ; N,.w YOP.K, Jan. 26. The statistical
The receipts here today were 119 1 position of cotton as made up by fiatur-
cars. I day's financial Chronicle, Is as follows;
The receipt 01 wueae ac .iiuiuc(juija
1 Total 1". 8. te-
I rtrlllra
.-Municipal warranla
JD,329,ri10
10.000
J8,b3.850
30 48
an do
21) 1,11
28 33
311 4S
30 HO
20 llll
28 33
3D 49
SI) un
211.117
28 3.1
Cotton Statistics
ti
nuarr 1 7 033.000 lsa.ooo! . .. ..... ...j.. ni i..
ftVD TIIUNK IUII.WAT STSTElt ' 5"? "u'ul tJTZUZV,, XV In.MT Ml
C,JDiurr I708.8O5 s228,01S "" Tmiurad llh a similar number
or t-.nraiu awai twv.u , m.., -, --. .
laXBtutr
,.... t.ilv rear ago. at 1
at Chicago three cars.
Thla Iaat I.aat
waalc laecV. i,.r
Total -visible
aupply ,. 4.C89.7M 4 S,487 0,585,100
Of whloh
American 3.387.708 S 402 187 4.311.150
Total InaUht
Jgnuaiy25 7.605.S04 7 045.487 S.II0.I7I
Cotton Buyers and Sellers
NHW YOIIK, Jan. 2C March Mc
nnany. Geer, KHnn nnd Cardoza bid;
It. Hubbard, Hentz, Hyman and Munds
offered, .
May-5IcEnany, Mitchell, Cone, Peers,
Parrott, Brooks, Schlll and Rountree
bid; Downs, Hentz, Itiordan, Hyman,
Kelffer, llartcorn and Hubbard offered.
July Hentz. Hooper. Kelffer, "Wen
inin. Hountrec, Schlll, Mitchell and Mar
tin bid; Shutt, Hyman, Newman. Sega!.
Hagedorn. Selrcnberg nnd Ocer offered.
October "Waters, McGee und John
ston bid; Kelffer offered.
December Montgomery bid , Segal
offered.
Total earning as
sets
158.328,717 155,007.023
Duo from other
Fedaral rtcaerve
banks (net)
tJnrollrrted Items.. J3S.018.87l
Deductions from
groaa deposits ... . 38,010,871
All other resources. 291,792
J7.lflR.031
40.772,103
S3 071,010
315.817
Total resources.. J22I, 857.223 J232.03V.U3I
i.uiiif.nius"
Capital paid In.. ..
(loifrnin't deposits.
Du to members
reserve account...
Collection Itcnw . .
Due to other l'ed
era! Itescrte banks
tnm) ,,
Total gross d e
IH.77B.2.10
10,438,501
84 11111.108
28,551.711
2.083.512
Jil.774.tnO
18,829.370
so.ii'.'t inn
33.531.513
BAR SILVER
Soday Yraf
43C 43S
N Y. (cents) 87 H 81 S
I,
nn.lla J120.133.230 S139.97?.n.in
1'rd'l Iteserve notes
in sciuai circuia.'
Last 1018 1 lion. . , 1
Sat High Low! Allotlier liabilities
us oo'i 8M? Total llibllltks. JS21.83T.283 J2S2.03o.esi h announced jat jesUrday.
tl 430,410
012.832
01 832.803
400.270
,t.,ir Miuu. Sll S7 T St T, 2d nf pla 1A
Ilartman Corp, HI Tln City n T. n.1',
Ilaakrll . llarlt. 3 l'nitrrnooil Tpw On
I Ilkluna. uiee...iiii l'narwd T nf..in8'J
I .Uonit,aKl. t-' iSViii. II" n" Pap. 11 'l
Int tl&rv M J l.i '4 un Be . P new 3
nt Nickel oref 103 IIni, ,. Htr pf 103
J?w5l T?."1 " Sl'i ""! P 1st pf 47
I.k Krir vv . o! J'nL,r'J. ny ,nv' 4a
I .Hub . Tire 14 H Kxpreas . 18
Lorlllard P . . . .150 IT S c 1 p . p. 12
.iiacKay . . .3 :; : 1 Pi . s
Mackav Co pref 87 JJ R Ind Aim pf OOti
May IJeDt.strs, 4J IT H nrally Imp IB'i
May Dnt HI" nf 0". U S liealty Imp '
Manhattan llch. I l,t ,' ' r,0
Manhattan Kl.. 07 IT H nub 1st pf 91
MK ret prrf. . 6H It R Snirlt ft nVf 4H1
Mln ft St 1, new 014 II s 8 ft tl prrf 44c,
M K T pref.. H va Car Chem.. 30"7
Mont Power ... BS "Wrlla-I'arKO ... M'X
MKtI'tSH M 8dH Worlhgn V fc m
Mich Crntral...l10 prrf n 60
Morris K Easel. SO West Pao It It. 1714
Nat Acme ... 20 IVrstah.e lat nf B3H
Nat Biscuit 08 WhMl ft L B pf JO'S
Nat nlacult Pf 100 White Motor;. 38
Nat Cloak ft St. B0 Wlllya Ovid pf . , .7s
Nat Clk ft Ht pf.inin Wilson Co pref. 00
Nat Con ft Cbl. IB'i
Receivers for Denver & Rio Grande
DKNVnit, Colo.. Jnn 20. Alexander
Ii Baldwin, ot San Franciico, -vice
president and general counsel of the
Western Pacific ltallway, und L'dward
L. Brown, president ot tho Denver and
Rio Orande, will bo named receivers of
the Denver and Itlo Orande Ballroad by
Judge Walter II Sanborn, of St. Paul,
sitting In ueuerat uistrici uouri here.
THE
BENEFICIAL
SAVING FUND SOCIETY
OF PHILADELPHIA
No. 1200 Chestnut Street
(Temporary Quarters, 125 S. 12th Street)
Incorporated April 20, 1853.
Statement January 1, 1918.
Assets $19,474,712-74
Deposits '. 17,614,226.25
Surplus '. $1,860,486.49
Number of Depositors, January 1, 1918 17,188
INTEREST
3.65
PER ANNUM
IGNATIUS J. DOHAN, President
JOHN J. SlacDONALD, Vice Pres.
ALFRED J. MURPHY. Vice Pres. and Treasurer
LOUIS E. PEQUIGNOT. Sec. and Asst. Treas.
TnOMAS H. CULMNAN. Asst. Trcas.
ANTHONY A. HIRST, Esq, Solicitor
Alfred J. Murphy
Jeremiah J. hulllisn
Ignatius J, Doban
diaries A. MrMnnus
John T. Doban
John A. la-slla
John A. Dougherty
W alter Ceorge Smith
MANAGERS
Anthony A. Hirst
Ignatius J, lloratmaun
l.eorge V. Norrla
ilolm J. MarDonald.
lVltllam 1. Slnncll
.lames M. Hrllry
Joaaph M. Kngel
Edirard J, Iloonrr
Joseph C. Trainer
Hon. Joitph r. ijuBsrstl
.lolin E. I.ooergsn
Thomas Dcrlln
Hugh lleCatTrer .
VV in. V . McOnvtli, Jr.
Michael F. llaasta
Henry C. Xsllnr
Henry T, Mtchell
1