Newspaper Page Text
iwifc it- tv''nt'i it-.
;tn
COTTON WINDS UP
1916 IN QUIET WAY
Jlnclufttions' fttuTow, Ac
connts Having Hccn Well
Evened Up Previously,
3LIM; JirYIXG EXPECTED
THE SUN, SUNDAY, DECEMBER 31, 1916.
Tho DomqBtin, Maiiiifnctuveiis'
Stock of Raw Material
Needs ltcncwal.
JUMP ALL OVER U.S.
IN BANK CLEARINGS
r - 1 1
Many Other Cities Besides
New York Jtako Best Rec
ords in History.
The, cotton market sTfts quiet yester
day, with fluctuation correspondingly
narrow. It was evident that scattering
accounts had 'previously been well evened
up for over tho turn of the year, and that
trade fouml notlilnsr In the news to
lnr!ro frtwh cunimllincnts on the eve of
the holiday.
HuyliiR of October by foreign tr.tdo In
terests gave tho new crops a relatively
slrady tonn during the entlro mornlnir.
O'.hcrwlso there wan til tic trading feat
ure, with an openiiiK udv.uu.-u followed
by reactions under scattered local and
New Orleans selling. -Tho clone wan
btrely steady, net uneinnjicd to U points
hiihrr.
The market opened steady at an nd
nnro of '.' to lit points, but soon eased
off under solltnir, with present crop de
liveries working nbout 7 to 8 point net
lower, while October eased back to with
in points of Friday's close. A sharp
rally followed in sympathy with Now
Orlean?, but was not fully maintained.
KipMatlons of sn ImproTlnc trade demand
ttl-r the Ant et the year seemed to en
iwip tonio hnylPf, while Uiero miy hate
l-n fnrUirr eelllnr; on the unsettled eanort
mixtion. Generally apeakln-, howet,r, the Ir
rerularlty was attributed tu further evening
ts for over the bolldar tint bnslneaa was nut
sells enoth to suftrat tin presence of any
fresh MaUment.
Reports from Fall ItWer Indicated con
rinsed dolt bnilneu'Utt week, t-nt mM that
Utile were cloaely sold up tor the of it two
heaths and were eapectlnf renewed acttflty
m time durlsf January. Acrardlnc to local
pot people domestic manufacturers made few
fresh pirrcAases In tie taat month, and bulla
rwet taat any lmproremtnt In the demand
far feed wilt b ejatikly followed by a re
ttnl hi the demand for raw mat-rial.
0 the ether band. Uiere are apprehensions
et a talltat off In toe eiport tmsicea owing
11 the tnereaalnf scarcity of tnnnatn and ad.
Titirtif eotts of Importation. Continued eon
fvSence la eipreaead tn the Increased enrage
jiMt vprlnf. bnt borere are empbaalitnr a
tendency of precipitation tn tee tsouthwrat
gl the trreaa of the boll weesil: alio the
altntlon wlta reference to fertilisers. Thla
ll -Tpacttd to etttet the Increased ac-rago to
em extent, aad the tnrn of the Tear prob
acy finds the market wit a mtKh redneeit
rrei-tjatlse Interest ouUtamtlnf and a better
ii'Hed eenttment aa to tho future of prior.
leeal epot market steady and tinclianjed
at it.Mc. for middllnr upland: alo. nil.
ootliern a pot marVota and aalra:
AalTraton etesdy, uncbanced. ia.: (A).
Kew Orleans ateadr. UDchanred, i;c.; !ott.
Mobile notnlaal, unchanred. Kc.
tarannah nominal, tinoiianireil. l"io.: KC.
'ilmiiwten eteadr, '.ao. hither. Kc.
Jffirtolls Veadr. 11 p. hlrher. Kc;
Raltttnera nominal, unchanged, ll'io
Avruata steady. uncUana-ed. i;.Coc.; r;.
Memphis not auoled; rf.
l. Ixiuls nominal, unchanred. 1'c.
TTotiaton jteadr, 14 p. hlrher. IT.lOo.:
Utile Reck steady, uDchanred. l.o.; 1.11.
nani of prlcea : I'rl
Open. Illch. !. rioo. day.
Jinuary...., 17.07 17.01 U.l 17.ttM !
rtMuery. I7.it 17 li
March. .... 17 SS 17.19 1T.3M 17.17
April 17.T7 17 7
May 17.l 17.61 17.11 17J7 17.M
J-.!'- IMS , 17 Z1
Julr 17.15 17.(7 17.14 17;-4 17.S7
.M-lltt, 17.S 17.M
ortnber 16.37 lui
Uttobar V.'Ji IS. 11 K.dO
$30,000,000 LUMP INSURANCE.
Cqnllablr'a lirrord Conrart Covera
40.UOO V. P. Uwplojrrs.
All Insurance record wero broken In
a contract Jurt coinplcte-il InvoUlns over
JSO.eOO.OuO of insurance trj-on tho Uvea
f the 40,000 emplo)een of tho Union j
i .icino uaiiwuy, announcni iy ine rim
rntd a-fewday a?o. . ThLi contract was '
written by tli JCgult.'ililo Life Assunnco
i-ovlety on tho Kronp plan, under which
is provided Insurance equivalent to ono
ar' salary not to exceed J2.500 on
eai-h employeo of tho Union TacHlc.-.
!n 'combination with tho Kqultable's
po'.lcy the Continental Casualty Com
pany of Chicago provides group hoilth
and accident Insurance coverlns pay
ments for Injuries and disabilities on tho
same lives. The Insurance covers every,
on who ho been ono year in the om
ploy of the Union Pacific. Tho Insur
ance became effective midnight last
r.lirht. I
William A. Day, president of the
Kqultablc, said that this transaction was
particularly gratifying aa belnc tho
largest of tho kind and settlnK a new
record for Insurance contracts In both
Uo llfo and casualty , lines, tflnco the In
otiruratlnn of croup Insurance In 1912.
.Mr. Diy says, life Insur-irovp records
l.ave been consltcntly tumbllni-. At
that time the Kqultable broke all records j
lr the Montgomery-Ward transaction,
hlch SBsrcsated 7,ooo,ono of Insur-1
attce. Later tho honors went to tno
htudebaker Corporation, whf u the
Kr-1 table covered 10,000 employees. A
't lnriter policy wa' Issued by tho so
ciety lato last jear fo the 13. F. Goodrich
Company, coverlnj; 18,000 employees.
GALVESTON'S FIGURES JUMP.
l'art-larn nii Coastarlse Kblpplns
Teak In lftlB.
Oameston, Tex.. Dca 30. Usports
t. augh Oalvoston durlnit the year 1!'16
hal an SKKregate valut of 1 2.r. 1 .65 4 .230.
an Increisc of approximately 133,000,000
cnt the value of exvorts durlnc 1915,
according to flirures available to-day.
foastwlse tttilpplnir here also reached
i nprecedented totals in 1911. a careful
wt.mate plaelnR the value of oinmvdl
tks panslni; through tho port on coaNt
steamers at more than J 1.000,000,-
O00.j
yk uetjul, cotton holds first placo'ln
iijno and value of the exports with
C 20T.22 hals, valued ut IS2.364.b74.
f '.nir to foreign countries. ICxiKirts of
vi.'At amounted to 23,078,476 bushcla,
lind at 31, "28, $74. In both wheat
ridfcotton there waa a falling off In
line compared with 1915. but the
.ii'3 arc Increased. Imports during
9l4 were valued at 13,371,12).
Transactloni' of the member lianks of
... -; orK Clearing Houso Assocla-V-i
,I ,.91S """d a total of 163.62,
4 ..1S3. breaking all previous records.
-jrKScil..n" ln 1813 ""nounted to 11.
I.? ,f$f'U ot totals, exchanges
amounted to I1B9.580.848.B90
nml I balances to 18.940.807.543. compared
with exchanges of I110.I04.392.634 and
balances of 18,340,572,737 In 1915.
Toledo, JJeo, 30. Clearings of Toledo
batiliH for 1910 wero I473.781.07S. an In
crease o 43 percent., or 1142.201,750.
Sli7?LND' Vt: Hank clearings
In 1916. wero tho largest In the hlslury
oLClcLc.1!lnl, Thc t0,al 12.473,000,.
This Is tho first time tho 12,000 -000,000
mark has been passed, and
represents an Increaso of nearly 100 per
OV',r ?,U- Th car, hearings
compared with n. total of 11.C51.000.OOO
III 191.i and ll.237.000.nnn in inu
i 'il,A,,7.'1M0R.K De'- 0 "auk clearing
r, llal'jmoio for 19l pat-aed the two
.Mii.w mant ior the first time In the
History of tho local clearing house asso-
t'h";..0 t0,Al for "at
I2,206,3.1j.j;-... agaat ll.S33.847.997 last
year, an Increase of 8372,889,945. Tho
year set a record not only for the largest
total but also for the laraest g.tii.
NAsitvti.LK. Dec. 30. Nashville bnnV.
oa'oo"' for 19,8 '"creased nearly 88:.,
000.000, n.i compared with 19U. Tho
?"U,tt'!.ni:,: Kor 19,c- 07.729,40122:
for 191.'., 8322,901.654.13.
IjL-lsvtt.Li:, Deo. 30. Hank clearings
In Louisville In 1911! w.ro tolMltila
almost 8200.000.000 larger thn any
previous year. In 1915 the figures were
.42,391.2S1 iuid In 1912, the next best
ritn.AnrLrittA. Doe sn ttonb
.': Bn,, ka'ance" In I'hlVidelphla for
1910 sot up a new record. The Clearing
Houso nnnounced to-day that the Phil-
aueipnia clearings fr the year were
813.083.317.712. as compared with 18,
883,633,292 last your. The balances for
1916 were $1,327,486,746, as compared
with $847,076,564 In 1915.
DL-moiT. Dec 30. All local records
for bank clearances wero smashed
uiis year, it waa announced that De
troit bank clearance for 1916 totalled
82.260,574,321, an Increaso of $778,882.
263 over 1315. This was tha flrat tlrn.
that Detroit's clearances paused the two
billion dollar mark.
PiTTsm.Tto, Doc 3fl. Bank clearances
ror 1916 wero 83.402.243,483, the first
time the threo billion mark lias been
passes. The amount compares with $2,'
6S6.923.569 last year.
MgMrittH, Dec. SO. Bank clearings
ior niempnis made a new high record In
1916, fjiowlnc an Increase of $111,745,.
0011 over 1915. For 1916 tho total was
$469,576,000.
Cincinnati, Dec. 30. Local bank
cloarlngs for the year 1916 were $1,
747,735,404, aa compared with $1,373.
o55.600 in 1915. A gain of $5,513,327
was shown In the final week, as com
laretl with the final week of last year.
Kansas ClTT, Dec. 30. Thc 1918
tank clearings In Kansas City almost
reached the Ilvo billion mark, as an
nounced by the Kansas City Clearing
House to-lay, Bhowtng them to have been
$4. 953,778,696. The increase over 1915
was given as $1,118,000,000. They were
said to have been mote than double
those of 1909.
Indianapolis, Dec. 30. Indianapolis
lank clearings for 1916 totalled $562,
632,091, a gain over 1915 of 1128,438,.
992, as compared with the gain ln 1915
over 1914 of $18,330,972. The total
clearances) for 1916 aro the arlgrst on
tecord.
4 Atlanta, Pec. 80. Atlanta bank
clearings for 1910 wero $1,013,998,794.58.
an Increase over 1915 of $274,702,561.90.
TEXTILE MARKET STEADIER.
ntisbaraT nxchange Heat 5,0(10.
PirrsnfRo. Dec. 30. Scats on the
l'Ut$hurg Stock Kxchnnge have reached
a valuation of $5,000. The unnounce
mein 0r tho sale of a teat ut that price,
tii'i highest with one rxceptlon ln ten
J'-aiis. has been made. Thc last salo of
a 't was at $2,300 several weeks ago.
hiri-fc that time the valun of tho 130
i"-' have Increased $325,000, to u total
li of $600,000.
I'onnaylvaala Crade Oil Markat.
ll' ClTT, ra Dec. $0, Credit ba!
antls, $2.83. nuns, 21,161 bbbj. ; aver
"Je 777.114, tihlpmcnU, 28,692 ! aver
"lie,; 53,641.
MISCELLANEOUS NEWS.
IMITTIH TO KirtM It. II. flmpion
4 'io, et Droadnay, announce tliut tliry
li 4 admitted Hobtrt C HsiiKa to mem
I'rblp in tho ilrm. Itwntly a ."it n
tli l.S'on- Tork MUxk Ksrhsnte aa pr
' aat.l by th tlrm for Mr. Hank:
KjCI'OltTS AND lMI'OKTH Kpo.-t rs.
l urlrd at the New Torfc- Cuttom lieuae
trjay araouBtad to $l,t4.lt: lru
)"ria, II,(T,1, Tor the weak "porta
vara :i,aft.1 Imperla, $l$,13t,88.
(laotatlona lleiualia Half Cent
Brlorr Former Top rrlres.
Cotton goods markets weir ateadlcr
In the Kray goods division last week and
there watt n partial recotery of the
prices for print cloths and some fheet
lugs. Quotations aro still M cent a
yard below tho top of the last month,
liut offerings from second hands are less
numerous. Trading Is reported on price
levels about U cent under those accept
able to mills, so that few contracts are
boliu; placed. Finished goods have
shown little change In first hands.
Agents had few requests for cancella
tions and for that reason they regarded
the situation as pretty strong. Predic
tions of a more active trade after the
turn of the year are general. The de
mand for export goods Is quiet, but ship
ments on old orders continue full. Un
til there Is less uncertainty In Interna
tional and raw material conditions It Is
lellevcd cloth traders will remain gen
erally quiet.
1'rlcen quoted are au follows: Print
cloths, 23 Inch 64x64s, 6 cents nominal;
C4x60s. 5i cents: 38 '2 Inch 64x64. S
cents nominal; brown sheetings. South
ern standards, 12 cents; denims, 2.20
Indian, 21 .-tnts: tickings,. S ounce. 20'j
cents;; staple ginghams, 9V- cents:
prints. 9 cents; dres ginghams, ll'.i
und 13'.i cent?.
PUT U. S. MONEY AT DISCOUNT.
Mrxlcan Hoard StlTrr, Which Is
Much Advanced In Price.
lCl, Paso, Tex., pee. SO. American
money Is at a discount In Mexico because
of the advance In the price of silver, a
financier Just out of Mexico said to
Liy, He udded that the Mexicans are
hoarding their own silver dollar pieces
fur tho same reason nnd using the frac
tional currency of comparatively lower
value.
Tho financier said the Mexican gold
dollar of half the weight and value of
tho American gold dollar Is now ex
ceeded In value by the Mexican silver
dollar, which la quoted by the brokers
In tho Mexican capital at nbout lxty
cents American gold. Lately Corranxa
Issued a Oeree arbitrarily placing the
gold and sllver'dollar on a par. This
had sympathetically raUcd the exchange
value of tho gold dollar, us tho cold la
put by flat on a silver basis.
.Mexican fractional currency Is defi
cient In weight, particularly the half
dollar. As Mexicans have a tendency
to hoard the more valuable coins, they
have, made the half dollar the popular
coin tn tmde. Similarly the new copper
five cent piece, being of base metal, has
driven small silver coins Into tlx) back
ground. Carranxa'fl "uncounterf citable" paper
has disappeared In Mexico, according to
tho same authority.
LIVE STOCK MARKET.
RscacvKa Raealnta. 443 haad! nona on
a I a. Keeling nominally steady, Dreaiad
beef In fair demand, common to prime na
tive aldaa aalllng at UUlDHe. par lb
CAM'KM Itaoelpta, 7.1 haad; enly a faw
on aale. Market ateady. V'eala aold at
$1.1 per 100 Iba. City dreaaed -aala, 18V22C,
per Ib.i country dreaied, IDOlSc.
MHKfcT AND I.AMBK It.colpt. 482
head; one car on aale. Hhaep aleady:
lamb firm to higher. Prima lamba sold
at W. '-'.' car 100 lbi. Drrasad mutton
steady at 11R14C. par h.; dreaied lamha,
IT 10c, Country urrrwii Iiul.'iousa Umb,
41 SO 12 Lr crcii'.
.!. M. rUnilcr, '.Ml Hilt Umbf, $3
il.- arage. 1I4.S", prr too Iba.
HOGS Iliiolpts. l.TIO haad! none en
ml. frllsf ateady, reuntry 'draaaed
hega fn modtratr damand at I2!i)10c.
oajro:.
par lb.; rvaatlng pigs
JUMP IN WRF AT IS
SURPRISE TO BEARS
Firm Tone Prevails Instead of
Expected Year End
Liquidation.
EXPORT INQUIRY LIGHT
Corn and Oats Also Advance,
With Byo and Hay
About Steady.
Gold Is the Standard of Wealth!
The credit of the nations of thc world is based on gold. Gold values never fluctuate. During periods of in
dustrial and market depressions statistics show that gold stocks actually appreciate in value.
Wo offer ami recommend the purchase of the Common Stock of the
The action of the wheat market yes
terday waa a surprise to the bears, who
hod been looking for more or less de
pression under year end liquidation. In
stead a firm tone prevailed, and while
closing prices wero somewhat below the
highest they showed net gains of 2'.
to 4'ic. The December position showed
the greatest ttronsth on covering by be-,
latcd shorts and at ono time tills month
was up 7 centH a bushel from Friday's
cinre.
The technical position was apparently
firm as a result of Friday's tilling, nnd
it was believed that the trade at large
was disposed to tako a more bullish
view of tho political outlook lit Europe
There was only a moderato export In
quiry and offers at the Gulf were 11 little
more liberal, with cash premiums show- 1
Ing some reduction. Underlyltnc sentl-,
ment was much contused, but many In
the trade aro disposed to take a bullish
view of the supply and demand situa
tion and believe that prices will advance
to a much higher level before another
harvest. If shipping condition will per-
mlt of a liberal export business.
The political situation abroad Kill1
doubtlfa continue to oxart a atrong tnflu
nco on aentlmcnt from time to time.
While many believe that the opening of
Peace negotiations, and In fact artital poato,
in Kuropa might bring about a doollno for
sentimental reaaons. they are aim et tha
pinion that eventually tboy will prove 1
bulllah factore, aa 12urnp mil need a large
amount of who.it, and of noresalty It will I
be a long while bfre meitorato ahlpmenta 1
can b xpcted from ItuaaU,
ln the local cash markot No. ; hard win-1
tor atheat a quot.il at II.tTS: No. 1
northoni Pui'jth, 5.eilii No. 1 northern
Manitoba. $:.0i,, all f, o. b. New York.
COBN The niarttat waa modarately ao. ,
the and prloaa wora Armor, eloaltie with
rat gain of ! ti Sr. bushsl. l)cmlr
ahorta vara anxious buyara and tho Do
rcmbtr position sbowod tho groatx t
atrengtlt. while the entlra Hat ii higher
on report of oitwirt aale of about S8M00 1
biiabels In tha Vot and flrmnoss In th?
ah poaltlon. In tho local aa!i markt;
No. 1 yellow waa quoted at 11.07 t. I. f.
Nw Tork.
OATH The niarkat adxanrod tn sympa
thy with whrat and corn and on general
covering. Caah market wore firm and 1
comparatively llttla proaure cams from
the country owing to dtfflcultln In making
shipments. In the local raah markot price
were firm, with standard quoted et 41 lot
M'lc; No. 3 white. IS to :c: No. S
white, tOH to te.; No. 4 while. 0 o
He.; fancy ellpp-d while, (t to c; or
dinary clipped white, 42 to 14c, all ele
tor. RTK Market" steady. No. 2 Western,
tl.tl c. I. f. New York.
RAKI.KY Market quiet. lVe-lIng, II. "I
f. o. b. New York.
BVCKWHltAT Market eaay. flood mid.
dllng. IMS asked.
HAY Market barely ateady. N. 1. II 1
to 11.0: No. 2, i to );ic; No. 3, IS to
0c; ablpplng, 10 tn 0c.
riHCAOO PltlCKH. '
Whaat. rrl
Upon. ITIgh. Low. Clo. day.
December. Ill IM 1M1 iti? Ul
May IK l'S'i int 1J' 177i
Jnly Ul'i 11S la'i Ul', liS'
Corn.
Deosmbor. H M 3
May !', Wi ;ii M
Jnly 14 ST;, !, IV, !
jjData.
rftotmber. H; H SI'i M'i
May HU 5t t-.t, t."i BS,
Jnly :ou (1 IV, to.
Lard.
January... le.2? M.V, 15. ra i.-J
May 15.70 U.Ti HM UM 15. IT ,
nibs.
January... 11.11 1J.T1 tt.a; U.72 13. C
May 14. r3 11.3 14.11 14.S0 14.17 1
fork.
January.. . T7.es J7.M ? CO ?7.n1 71 ,
May.. :.ti :.T0 .f U.'Jil
lNTur.iort KErEirrs. 1
Wheat, Corn. Ojlt
Haturdar Ul.om Kl.WI t;:,''l
f.aat week IIi.lMay.
I.aat year Holiday,
aCAItOAltn CI.EAHANTKS
Hatnrday v. M,n) ru.OOO llTOV)
Laat week Ifnll.lav,
Lait year Holiday.
TO TRANSFER FUNDS FREE.
mvM 1 1 : ll fftm t i J 1 1 vlVu
M 1 UMIIII V m.LwM lilWs-f W
OFFICERS
President,
WILLIAM E. BEATTIE.
Vice.Preildent,
LOUIS W. MYERS.
lnrornuratrd In Delaware.
Anthorlied anllslliatlon f,M,M
((, Mbarea Partlrlpallng Preferred. 3,t(t,lt Shares Cetunioa.
All of the Par Value of r.M each. I'ully paid and Non-Aaeaiahle.
Thc Company has no Ronat or Indebtedness of any kind.
DIRECTORS '
VINCENZO MARRONE,
JAMESFAIRBROTHER.
Secielary and Trenurer, ASIIER W. YOUNG.
1
CONSULTING ENGINEER Bkfield Ef M' CONSULTING ENGINEER ""pofeSSne5 HATCH' AUDITORS fcSSS?Cl D' & P' A"'
COUNSEL: DAY, FERGUSON & McDONALD, Terente.
REGISTRAR
Registrar & Transfer Company,
New York City
BANKERS
Metropolitan Trust Company,
New York City.
TRANSFER AGENTS
Imperial Trust Company,
Toronto.
PROPERTY Company owns in fee siiujile eight Crown Patented mining claims, comprisinc IJQ9H n.cre.14 in Ibe Ptfcupino V
district and through bond and lease 134 acres of Crown Patented mineral land in the Brookfield Srinea district. These )
nrc two separate and distinct mining properties in two separate and distinct mining camps, owned and operated by this company.
EQUIPMENT
Tho J'OHCLTIN'i: ritOI'KItTV Is t-qulpprd with a sampling mill, shaft house, holler, hoht. Kc, u nlpo Hue and pumping, nation
for mlnina anil mllline mironvi. tosctlior with two roinnlotn ramus and thn usual minimr nnd niilllnu maclilnrrr. TIih llltnok".
MELD MINKS I'ltOI'KllTY haa a mlnlim and nUUItig plant oqulpix-d with a .") horMi ihiwit ho ler, a "0 horjo potter hoist, a
. .,...,,. . . , iw, ,1(111, iiK mm nuuuih f.ioiii, ,uiir, i, iii.ii ,n, iiijim n,n,i ,,v,i. n v nviw u. vi uuini , it
mill containing 8.10 pound stamp, Wilfrcy conci'iitr.itlng lalitc. . Iiorx' iMincr i nlnr. Illake ruck rruvher Hultii, a mi I skip for linlt ttiac orn from tho
cruhcr to tlm mill, holler fent and mill fsl water pump, a cyanlilo lcacliliu: plant, with all pumps for operating same, and clean up tanks, ltli build
ing for "Mine. Tho mine mtiltiini'nt consists of complete outfit of drill steel, wooden riK-krnicket.iijplfxstnkliiKpitmp,.vigalloiipcr minute rapacltv,
tools, vnltm, fittings for working the mine. Ono largo building, well furnished and mulppcil, for the accommodation of empio) ces, ami separate
bulldiiiKs for bu-ltit'.s and us.ty ntllccs.
ESTIMATED TliiTr Is considerable nrr opencil on thnv sides In tlm llrnoLflold Mine, which Is' termed 'available ore," anil much more opened
on tno sldc. ilcserllssl as "probable ore." rstlmatvl at -tl.500 tons, that will it 111 SID.KI per tun In gold. Completion of tests
ORE AND showed a profit of V, DO ht ton, and sslth a mill capacity of All tons per iby nml ore ulncs of S'J OO plus per ton, recovering 1M)r
uf values, show SOlO gross M'r lay. This estimate It baacil on a gem ral mlnv run of ore and does mil Inclutto evecdlntlly rich
PROFIT tlvtK)5lts which arc frequently rncountcml, one of which pnslticed f tl.nuil In cnld from a tout or ore. ,Tho connuiny controls a
Arry vahiahle water power, which. If utilized as recommended by I'. II Misjrc. the company's emtlneer, and ullh the (lotvrtimeut
assistance nntlcliiatrd. It Is rspected that, miuimr uud mlllintf rost will not oiccd C! Ml per tun. Work Is being purmicd on it section
of only t acres of the sutlro luildlng. compnslnu ia acres, The mine consists of a s'taft 14 feet lonK by t, feet wido by Utl feet deep and a drift
on thu I0U foot lev I, "ni fret wot frum t Ire alult ami lit) feet ea-l. a' well bs a drift cast and nest on tho .M) font level.
TIIH IHHirri'lSK working torislsts principally of surf.irc stripping, Irene tin and rru- cultiug preparatory tn the sinking nf sli.ifts nnd drilling.
Th" ssjed showlncs are exceedingly gratlf)!aa. and. as thn consensus of opinion Imlicatos thn values continue tu depth, wo IhIIcvs this property
will undouhtolly rank with the other greut gold roUiea la tho cninp. The large veins and ore dkes which have been etposed on tho Tommy Rums
proiHTty rin tio mined and treatctl at a normal rust, and the closo provlmlt of thu veins und ore bodifs to each other should further decrease the
txpemu of development, thereby miniuiling thu cuat of gold product inn.
Mine Manager Powara wires from Porcupine Dec. 27, 1916, aa follows: "Thc sinking of thc double compartment thaft
on thc rich quartz vein, cant aide of mill, procreating rapidly, and struct; l itililc gtihl showings at 10 ft., and at' 15 ft, the
sulphides came in strong, together with good showing of visible gold. This shaft is being sunk to necessary depth so that
cross cutting can be facilitated to connect with thc big sulphide dyke,"
THE COMING BIG MINE
M(iMaVBTiaTttaTMs&a sBMaTMaaMSjsjjjsjsjsjfjfjSjS miMmsmmtmmtmm - W CaTMgMggggatSSJIIIIMBJMBJ
of the
Greatest Quartz Gold Mining District in the World
PREVIOUS TO ACTIVE TRADING, COMMENCING JAN. 15TH, ON THE CURB MARKETS
IN NEW YORK, TORONTO AND BOSTON, WHERE THE COMPANY IS OFFICIALLY
LISTED, WE OFFER, SUBJECT TO PREVIOUS SALE, A LIMITED NUMBER OF SHARES
OF THE FULLY PAID AND NON-ASSESSABLE COMMON STOCK OF THE TOMMY
BURNS GOLD MINING COMPANY at
, GUARANTEED i
60c
Per Share
rrrc Bound Trip Railroad
Tlrkrt. at our cipeusc, to
either of the Tentmy Burns
properties, to etery purchaser
of f.t or more shares of
Tommy Burna Common Mock,
wlthlu IS das after payment
for shares. tThls trip will take
dais.) If after personal ei
ainlnatlon of the properties Ihe
purchaser la not entirely satis
Med, wr guaranlrr In refund
the full amount of rash paid,
without any f urlher obligation.
Wire, telephone, write or call. Orders and 'ORDER T0DAYi
reservation lor ou snares ana upwara niea in me
order received by us. Stock may be purchased,
outright, and certificates delivered promptly
through the Registrar and Transfer Company,
or on payment of 25',' cash with order, balance
in three equr.i payments in 30, 60 and 90 days,
without interest.
Pope Brothers & Cheppu Co.
One Wall Street, New York City
Telephones Hector 1803-ISOfi.
1917.
.KNTU:.Mr..V:-
Kneloaed herewith find
In pament or
.shares Tommy Hiirnt
linld Mining I n.
isend me further Infor
mation and literal ure.
NAM r
AintRi.stst
Federal Reserve Bank Here Slakes
Kconosnleal Mere.
The New York Federal ltesetvo Bank
announces I yesterday that It had made
arrangements) for eneanber banks to
transfer funda o member hanks
throughout the country without exienae
exoept for the cost of the telngram. I
The eUtexont to banker follows : 1
"One of the purposes of the Federal
reserve act la to render the banking I
tesounrcea ot t,ne country more mobile
and readily available to all sections, in
order to make this purpose effectlvo and
to provide x prompt, economical and
safe method of transferring funds
tnroiigniout tne country you are advised
as follow :
"For the present and until further ,
notice the Federal Iteaerve ltnk of New
,u n -am union ivifsgraimio transient jor
Its member bank without expense other
than tho t of tho telegram (a) to
a member Imnk within Oils albitrirt or
(b) to n member bank outs-Ule of thla
district through the Federal reserve bank
of Its district.
TMa will citable you to jrwiko any 1
excess balances or depoalts with this
bank immediately uvallable with any
Federal reserve bank or member bank
of this or u.ny other Federal reoervo dis
trict, tnsia rcrwiarmg this service ut 11
nominal expense, and should also de
crease the economic waste Incident to
the ahlpptng of large mrroi of currency
from cue part of the country to an-other."
NAKKJsT lXVKSTMKNT.
INt OMK OB l.irK t.lAltANTKKU.
NO FLUCTUATIONS
At Age 40 rays Over Per Cent.
At Age.'iti l'a)at)vrr T' l'erfent.
At Age mi l'asler H), Per t 'cut
At Ace Til l'as liver l:ii Per Cent.
Issued l one of the Mrnngest yinan
rial Institutions In the Uurld.
Wilt' on iVtues Itfit ll
WANTED- FACTORY PROPERTY ,
III W IS ti i llent whs (jo!iva to eoe'ire Im- ,
niiMllHtey niotlorn fu.'tt.rv litillillnt: f 1
not ti tliun 30,00" rn,. ft. of onr i-nce,
pri'fi'tJl'ly cqulppo.1 ss i, i latl.es, .Irlll
presfre, nr. Property inu-t b ltliln thirty 1
mlo f New York city on trunk liny rail- I
road 1'iilj partloulurs ilelre.l from nwu r.
FLOYD S. C0RBIN. SfetiaUtt,
WA'l lllt.MIONT I'ltOFKHTIK's.
I tt TIIKIKS AMI I'AtTOKV lITr,
it) WAi.i- .sr., ni:v voitK.
51 L V L K Li
In order to make intelligent com
mitments in the silver stocks, it is
necessary to have not only a full
review of the metal situation but
complete data on the producers
of white metal.
Th.'so s ll at f,icto ar cont.iltic.1 In
uur hllver lltsk No. ti, cni.ii's .if
ss lilcti may ho obtained im rtsttict,
Oscar Alexander &Co,
41 Broad St.
New York
I Exceptional Opportunity
First Mortgage
1 Gold Bond
Yielding
Send fox Booklet B-i.
J. T. MORRISON & CO.!
S7 EitlianfePl.N.V. Tel. Rector 938 1-5.
A Wni.t. TtATKn nnd ettabllilied tnanu.
facturlnx corporation wants capable bual.
nets m:.n tu mtiutt brancli otlico aiul
han1la saleamen. anormoua profit; 1300 tu
11000 capital necessary. Write for W.
tlrulars and gat In buatneia for youraelf. ,
Addrrsa GLORIA CO.. 1K7 Carroll Ave,, I
riildrn. ill, I
WitiiAii J. WomtA
Morton' Wollman
W. J. WOLLMAN fit CO., members of the New
York Stock Exchange, bepr to announce that they
will open their offices at 120 Broadway on January
2nd, 1917, for the transaction of Stock Exchange
and General Investment Business.
Telephone "Rectot" 8100.
I Continental Ref g
8 Preferred Stock
A new issue in connection
with which we are prepared
to receive subscriptions.
J CIHCVLAH O.V UEOUEST.
ROBT.E.KEMERER&CO.
SO Bread SI.
Tel. 6SZ4 Broad
THE TIDEWATER COPPER CO., ouW ty the
Alaska British Columbia Metals Co.,
have atari tha flrat shipment of ore to the Tacoina Smelter tinder a
tare rear roatract. alsaut gov ten netted Ihe C'vmpaay fcereo Tiinuaand '
Issuers. Hklpaaeats will ruatlnue regularly at the rate of 1,500 tons
moathly.
Buy that thato noif thrcuik any N, Y, 5foc Exditnft thmt or semi
rtputthh Cutl firm.
S. G. FOX & CO.
10 Int. Stmt
Niw Ytrk
Howe Sound
Big Ledge
Troy-Arizona
G. W. FIELD & CO.
KttahU.hcd 1007
50 Broad Street, New York
Tel. 401s ttroad
If Centreis St., BiUn
Direct ITiratn Wire to llistjs:i
Pleli fHilllllaa Mit r.rerr lines;,
ment anu SpaculutU Kequtiruiou:
rr tni.r humc on .ivr Pisifin f.i;
THE NEW COPPERS
Troy-Arizona
Ray Hercules
Big Ledge
Calumet .& Jerome
An interrstinR comparative study
which wr- will supply on demand.
COLEMAN and REITZE
Broad 6JJ0.3NS.1
50 Broad Street,
Boilou aud
, New York
rhlladelpble '
The
First
Ten
Individuals who can comitu't' us
of their own financliil rrspottsib
Ity and their influential stand
intt, may participate in a indi
cate at thc net figure to tho
Brokers,
This Is an exceptional oppor
tunity to acquire a Share of a
S.Midicatc'H Profits.
The Proposition is one which
we will prove to your satisfaction
is earnina orr 2S per annum
at the Underwriting FIAtiri- hy
marketing only One Quarter of
its present Production.
Write today for complete state'
ment, containing maps, Hngt
avers' tand Cvologisti' reports,
etc.
Address f. R P. O. Box VKIb,
New York City.
ANNOUNCEMENT.
After liavluR smtd our iMtlrims ami
tlie public; liutlt dlllgt'Mtly aitd well, wo
have outgrown otir present ofllts la
the Hank tf Now York Uttlldlosi.
iS Wall Mrrrt Wo hate taken more
spacious quarters nt No. 71 Drorulway
for our cecutlvo ofricci and customers'
room. Our statlsllcal hurt an and teo
cral forvo havo hecn Rrnitly augmented,
enabling us to render Ilia public a stta
liclter sertici'. It Is otir endeavor t
plraso you. and j on am cordially In
vited to tako advantage of our entlro
statistical tli'imrt mint . If you call or
send us your iintnn nnd nddress, vro
will keep joit ndilxsl lonrcrnlnte the
sturk market, mid as to tho condition
of business in cticrjl,
A. de W. BLUM
Investment Securities
74 Broadway New York
Telephones Hanover 518-9.
INCOME
Various reuses liaw- adddl to thn bargala
ismnter nspis't or the lirrsrnt market.
ris.,hllllli-s of rtihatu'i'iiictit of market
tiriiK. silde-l to lim-nnml return of
,ir; to tn'o r iN'tler.maku ccrtalu stocks
unusually attr.si'tlvi'.
WHAT ABOUT I9U? u,,,-the greatest
er on remnl wUat will tlie nct twelve
niniitjis ttrinu'
Our i iirrriit .tlnrkrt letter .Vs. JS dls
russt tin ptvsf'iil sltontlon nnd treats a
number of Income sticks, incliidlKg
Cerre de Paico Sinclair Oil
Majma Submarine Beat
Nipining Am. Druf SjndicaU
Copy tttil en rritfrf.
Harvey A.Willis&Co.
illslabllslirrt Hall)
.'13 n'na.t. .V. V. I'liones ISJ.S.O Itroaa)
a
1
tt.l. -. ,,. ti.t.S ( l.
Intrslmi'iils.
41 ItriM.I st. Nnr York.
1IVII);mh ,, 1TKHt:T.
. a i
United States Smelting
Refining & Mining Co.
Tlie nir rin ,f the lulteil .'titles Smell
nc Ileil.ilns ,t Ml'ilns Cuniti.iny liave de
larcii a quarterly divlijenrl ot IU par rent.
7Hi cents ji.r shire) on the rreferrnt
I apllat Mock, nnd u dlvMrnd of t'.i pt
'eat (one ini,ir nnl tw.-ntv.ne rents pe.
rhar-l on th I fimitinn Capital Hlock, pal -able
Januir.' I . 1?!,. tn stockholders of
re 'or,l ut Ui- l tii of business January f.
HIT.
I U U.Tt ".li:i.l)l.i:, Treasurer.
IH INI, N IKIN.i. HWK. M'.tV YIIRK.
.,l r.,U ll'H.'ilve I'lth, 1916.
Tli llo.ir.1 of lilri.-'ors lins this dny de
i'l.re.l " iu:.frl illMil nd of Tso nmt
no iljlf ,e" 'iiuio -'. . .ui tlir vav
Itsl stiiclt i f "i . Until, ii.iv tiin .Mnusrv
.'n.l, U'l Ti.iiisl.r iioi.Ks uill ri-ninlii
.'I,.-...! from ' i, K 1". M D'-remlHr
S.nd, 191' tu in i-(. rk . .tniuury
.nil, im;
' 1-. 1 ilKRIt.
la.hler.
mi: Mriit iitvrs smnxu, iia.vk
or im. iirv or ,m;iv vohk.
Deirims r .tft 1J1C
Tti llpunt i' IMre. ,v till, ,ny ile
lsr"'l u 11. i !"-.. I in r.i ir c , t n i,
payable e-t .Intnurv .n Ut. t .-to kliotil
ers f.f recnl.J t llio i . ! . f I jIii?m, U
eir.titr . tit, If
Ju-l.l'll llVltvr nfhler
im i:itvuni.vw. i'ai'mTi iminvT
Vew Vorli - . in'. ,;Hi, t'.'t.
The liir...-iiT 1ms.' tlil, ,,iv tleclnreil a
dlvlilenJ of oie ,m 1 i,ne ii i r pr i-nt.
it'je no th' I'eef. rre I i npiinl Slock of
this I'onifnv, ,ayt.:. .I.'itiiiy ISth, 1S17.
m toi I,! it ' -rs of ir r I ul tuu cloa of
'Ulne .1 'ti mrv 41', I H"
tAV ' Mli:t-JILJ;U. Treasurer,
im: ii.Ni or xsiritirs.,
'v V rl' Di fi, 1 : t at
T1-' Ho i t of I'.r ' h . to dny ile
e I ,i.ri' .1 . 1 ,f fourteen
it ' r . i . . ,.f i , , I,n J4iiu,rv
.I Ij), ' u Kli"'.ters I r i-iil nf thlt
ilhte , . ' i ,i .'. ,i mi i Hi 1 I in,ln etoaa .
until Joiui.. 1 '1 ..
W M. IH NM'I. CashUr.
11 IK II Wilt I II S VIIIIVU, HANK
or rm; rnv v i:tv ttmK,
i sin.
ilay de
Th" Hoard or Plrr tors ' itaVhi,
fcl.ril ll llt.liirilU V, fl I f, I. ,1,. I. Kins
aliie on wiiu ufter J nunv n.l, Ul;, yj,
tr.insfer'biuka h 111 rrnulu iluce.l until tha
iU, nt.Mi:it ll. VllITT.Ki:it, Caahlar.
Ratings llaiika.
m Union Dime m
Savings Bank
natSixm ann f? Avenu
An Interrsl Dliidead (li:.th t-unsecuUve)
haa Lcrn declared at tlie rata of
Three aud One-Halt Per Cent, pet aa.
uum
Credited January 1, 1917, and paraM.
f ll ant after Tlmrsilay, Jan. It, nir, ns .j
sums entitled thereto under the llj hwi.
Money rtB.'osltod ou or brfnru Jan. 10, lul,
draws interest from Jan. I, ll.
Alei. I. S , kliinan, rivIJ0n'
I'l.miis M. i.i'aae, Tru-isurar.
1 lauk 1 . llaaxd, svcrnury.
Tommy Burns
Gold Mining Co.
Pirilcifitln! Pnlirrtd Stick
Dated en Curb Markets of
HEW YORK I0ST0N -TORONTO
Grdtrs Executed at the Marvel
F. K. SMART
Specialist in (Sold
Mining Slocks
SO Bread St.. N. Y. 'Phone 2M9 Breed
Canadian Stocks
Direct Wire to '
TORONTO
Rives u tho udvuutuj;t of quick
and accurate executions.
ROBT.E.KEMERER&CO,
50 Droid St. Tel. 824 Biosd
Carib Syndicate
Stock
g ioti-.i io
H. L. MANDEVILLE
High Grade ttonds. hisled
and Cnlistcd Stocks
120 Broadway
tat, Kerter H45.71VU New Terk City.
I llll'Alif) , NORTH WHMTt;itN
IIAII.VV.W I'OMI'ANV.
o Tii i: oi- rm; TitCAhunuit.
Ill llioadwkt, .New YorJs, Deo, at. IPU.
o.'s-Vl'is' .,',t',''.V.'.hJ'.,;!Jn ,,,al "nii:h uf th
Sl.NM.N'U 1'L'NII HONflS of u;i. of II, 1.
t iilliMli lioth IX ,JI K! ll Villi
t I..VT., m'I t.e drawn hy tut en W .UiesitHi ,
l.injary 'll. 1'.JT, ut tl.c rtti' of .., ani
,ii nn I liitrrest, to iihsorh the sunt c
J de.iHe, in ih.. Sluktiii; 1'iind
's wi""i m.'u iii,i v u; 1'S.J-
trustee, una li.trri'at wt im.c ti ,i irue .
upo.i tli ImihIs itrnirn mi still nf'er '
-Iriu'j si's- pi, Til7. Upoii piibllr.itiou of tin
uu'utier.s ililunstlnc 'he .U.imii hon i- p.r
f'l.uit to tlm terms of the montage sei-jrlng
tho line i
'IMl.l K',,l-rAl ln,.,nu S.. will 1.. M,I,W.I, '
, . - 111 IIIICIU
frori th arrrusii Interest on tie .Irawn
I'oiuls, unless ptnparlv execute! c-itlccatea
of o-tiershlp cl.ilmliiK rxenmtlon m i om
1'iiij the bomla when iiresente.t for ruhmp.
lion
A H. Vllllli'i:, Ttcimior.
UIATEK'FRONT PROPERTIES
II FACTORIES 1 FACTORY SITES'
FLOYD S. CORBIN ftWKX v.
The Chatham and Phenixj
National Bank 1
or tiii: citv or nkw rofttt
Tba annual meeting ot the aharrhulaitt
ef the Challmin m.u I'henlx Niillon.il IlanH
1 or tua t ity ot vein for tha election ef
dlrcLtorr -ml truniactlnu i any othei bus).
Mil Mhli'li m,i te brouglii Velure laid
tutttlng, Hill be tieM ul th bunsliic houa
'Of nld Assorlatlan, No. Its Hnndway, 1 1,
the floroigh of Manbattsn, In tua Ouv at
I New York, on TuraJay, January Jth, UW
j at l: o'clock noon
B. L. HASKINS,
Vlce.prei. A Caahlar.
Naw Terk, Dae, I, Hit.
THE FRANKLIN SAVINGS BANK
Cou.cr Mil Avri.ue nnd iii Struct,
lltth cimsecutlve scml-unmul illtlilrr I
no Wn iteclnrc l t ihe rat" of Tliroo ntt.l
One. half jvr fent. per mmuin on all sunn
entitled therein from to S3.V0O. payabl i
on nnd after Jmu..iis ! 19n
lepns. mnilo on or lef.ire Hie loth of
.l.iimniy ill ilraiv interest frcun the t.
Amount due ilrniialtnr f'n,UA9,7UT,17
surplus, market allies ;,JS08.5t
Wl i.i.i ,t ti, i-ONKl.l.N. Vrrsldent
i:. K i'AITKIlI.I.i: Treasurer.
.11 W NullDKl.l., Secretary.
IRVING SAVINGS INSTITUTION
113 l'HAMIti:Ks s. v.
The tnislee. hri. d.s-Isrnl a dirldend for tlm
U uiontna iiiitlcg l..ii . Ut, I9IH, at the ratt v(
FOUR PER CENT.
per annum 0,1 all um f, im J.I to 13,000,
entltleit the Un under tlm Ity laws payabm
on ami after Jan iMh, 1:"T
Depoatis in tile on or ., fni., .l.m jinh w.tl
draw lutere.t fioin Jan, t.t, 017.
II 11. TI'.NTIl, Vresldeilt.
illlultifi: It. UL.N'NINO, yecrstary.
57 Prk Place, N. Y.
40 WM ANNUM
JO Wo'. en sad after
,, Jsny inth,ioi7.
PruoslU made oir ot hefora
Jan. lOtli wllldrsiw Inter"
n , t.f al iroiu iian, lau 1U17.
1 V. niitchln.en. l'nt. W. It. Iioia. Vtf.
130 Ui
srml'
Annual
Dividend
11.
1
lll.l.'t'TIONM AMI .MIIhriNliM,
TIIK IHNOVr.lt NATIONAI. UAMi
of the fits of New VorU.
New pri, II,- omrer I'th. Utl,
NoJI.'e is hareby ciseu that the Annual
le-tlnc of I lio eluiihuiiii r, of nils Hani;
for tlie ee lion or pire 'turs to n'i (turlln;
tha inmiiie y.ir and for the ! mctlon Jl
aiich oilivi h'isti,.)s it juu come tietore th
Meeltin. win .i rieiit nt ths bmkliiB.hu,
-Naauii nnl vine ftteoia, TueJ. January
fth, 1st; between tha bouts ot It u'ciwilc
kl anil 1 o elm k V. M
alLiUOIl I, WlllITAKUU. Uailtlar.
i;i.-. .1 . .ult. .Mse ., - - . -
