Newspaper Page Text
PHILADEtPHIA, WKDXKHDAY, I)B(?K1IBER 38, 10U.
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. TO HEW LOW POINTS
Pailroad Shares Led Down
t ward Movement U. S.
" Steel Reached Its Mini
. fcmw vmnfr nn a 41,a ..,lf
faftgrTr-rat liquidating movement In Which
commission nouses joineu, a snnrp uc
ellps In prices occurred In the lata after
J.tiorn ami lasted to tho close At th
j tnd Of the day prices Were oft from to
f points. At the same time there were
persistent offerings of securities by room
tractors jthd some foreign selling. Stand-
And railroad shares, led tho decline, as
, Jtbei? had been the leaders In the upwnrd
jfniovcment prominent In tho trading1 on
tonday and In the latter part of last
PWDCfti JLllV lUUti BHil'D VK n.UVMI ITU1U
' ClW.SOO shares and tho bonds sold were
The sharp drop In Pennsylvania Hall
road was caused. In large measure, by
J too action of tho Pennsylvania Cinitmn"
In cutting the semiannual dividend to 1
" per cent, compared with 4 per cent de,
I dared for tho same period Inst year. By
tills action tho Pennsylvania itallroad.
, . which owns all of the stock of tho former
; company, loses $2,400,ooo.
V J' MefoTo the announcement of tho cuttlnfl
aJ! itbo Pennsylvania Company dividend
I the market began to bo off and became
rooro active, at the end of tho noon hour.
Prior td this very little had been done,
and tho opinion was expressed that bust
, noss would bo on ft. small scale until after
The reaction of tho market was not
jenjlfely unexpected,' In view of tho fact
r that prices had been generally moving
,, upward since tho exchange reopened, but
It was depressing on sentiment, to say
tfi least. It was pointed out In many
"places In the street that the market Is
generally dull at this tlmo of tho year.
. and no one expects any great change
; Until after tho first of the new year.
; ".Some surprlso was caused by tho action
. oC the Imperial Bank of Germany In re
ducing the discount rate to C per cent,
"fljls was the ruling figure before the
European wnr started.
lluch Interest was attached to tho ar
rival of tho Lusltanla, In view of the fact
that she Is tho first boat to arrive hero
from, abroad since the Stock Evchanse
opened. It was estimated that she car
ried' from $5,000,000 to eK.OOO.OOO American
' United States Steel common reached Its
ymlnlmUin prico nt 48 In tho early after
7 noon. This occurred In the face of rc
; ports from tho steel trade of better onn
'dltfons and of estimates that the unfilled
.'tonnage of the corporation on December
31 would Shaw an Increase of from COO.000
to TSO.000 tons, against tho decreases re
I ported In recent months.
Reading-, which was a market leader
t last week, showed a decline at the end
Of the day. The price was off 3ft, at 140.
. Union Pacific showed a net loss of 3, at
113. Now Haven lost 3J4. at B3. Le
'Wgh Valley declined Hi. to 130'i, and
.Baltimore and Ohio fell to 67U, oil 2Vi-
C?n.U monav. which madn n. new lnul
of 2- per cent, yesterday, was In sup
ply -at 2? ptr cent.
ForelBTt exchange was weak and was
t down from yesterday's closing.
; Clarence A- Mcllhenny has been ap
pointed assistant cashier of the National
I Sank of Northern Liberties, succeeding
y Only routine business was transacted nt
line Lehigh Navigation board meeting to-day.
JTha Standard Oil Company announces
;. cut of half a. cent a gallon on coal oil
to i.i 9ents a gallon.
i Tho Merchants' National Dank of Now
rk, N. J., has retired JS0.0C0 emergency
Currency at the local Subtreasury.
f Tf la .,.I?AV1.....9 .... T MM.Ia.. Call T1
ichanga will reopen under heavy restnc
JUons January 4.
Tho J. B. Stetson Company declared a
?35 uper cent, dividend on the, common
; stock. Usually the company haa paid 10
;P"cr cent, at this time.
The. subscribers to tho J5.170.OO0 fund
raised as this city's share in tho 100,
.0(0,000 cotton loan fund were S3 national
..banks and 14 trust companies. Tho Phil
adelphia, Fourth Street and the Glrard
5 national banks made the largest sub
scriptions, JoOO.OCO each.
'' j dilates of Insurance against Italy's par
ticipation In tho war suddenly Increased
"today. Lloyds' underwriters quoted 30
I guineas JHi per cent, to Insure against
;sv declaration ot war.
- The Chicago Board of Trade will bo
j'Aa no petition haa been started for the
ays following Christmas and New Year's
Win mad holidays, the New York and
KPJilladelphla. exchanges will likely remain
The minimum, price on Bethlehem Steel
Company per cent, bonds, due 19JS, haa
: Ixen fixed at UL
-Tho New York banks lost to tha Rnh-
; treasury yesterday l,t j.000 and since
iel&ep Increasing its quarterly dividend
la iVt per cent., the Osage and
v Company declared an extra
aent ot h or i per cent.
After the meetlne of th Pnniivsni
.Railroad directors it was announced that
rjrr. was nothing to be given out- The
Hrctora Of the Pittsburgh. Cincinnati,
. qhlcagQ and St. Louts Hallway will not
I ffl$S"Mr tho declaration of the semiannual
jcasaand until th wixt- r-gular raeetlns
i9 f.ai, 4aceuimr cv, lyit.
a out In the Pennsylvania Company
muX was attributed to materia) loaa
ftM brought about by tha general
ten in canness ana (He Influence
floods In the West of lut vr
tr faitor has been the reduction in
U8!e by reason of the long con-
sirwe in trie puuminoust coal
The Iron Age says: The 6 per eeot ad-
in raiaj of Baatern railroads and
iei ralted (Hoiiiou of the Stl
iKut h nwu bo sjesenai reauer
wbs are important relnforce-
t tsvoMLble factors in the steal
PesMSfem baa sees nnma an.
la truak tPlte, but iaM Ordwj
me fpof tant trunk lines ar poni-
whwr raaos are extieotea to
aawe Hd li4 winter rolling.
ouytaff DMr has shown
Uopro-t ov- JJoywbr.
WM Cwrpamtlan reert (MAy
M niMflh XMr mines. u xnoasat
y it Mm wrrtBp4-gT prtd of xhm-
TOKJC BUTT3UI &WD
aaaaai. a(ava9s. wwwmmm- W-IHSJIai , , .. j !. . Saaaasl aaVWaj atW aHJaaP - - - .. -.
-"&S3 sa&.SLk m, "m ijg -. . rm a-r- y&
NW YORK STOCK SALES
yes a. nigh to
)( rotilMlnw..... ?5 25 Cl
A11U Chalnierj.. -.... SH 8Jf 8
Aft1! rfret .... 12H '2K 49H
AmAfChem 48 48
F)r-r . ... S3 '3 ?0
Am net Swat pref . .. 70M 7m(
AnvCan S4U ?4) ?3
Atn,CrAFdr.t . 45 45
Air. Hide A Leather. i.. AH, 6 4ii
rrf.ltei. ............ 20,' tOSi SOU
AmMnseed 7H 7H
Am toco S3 22 22
Ath Fmeltlne- i... 67J4 67 H
American Sugar prefix. .. 1I3 113
An.Tel &Tel -tll7M 11DM "O
American Tobacco pref.mw 103 iua
Anaconda roptwr 2lJf J6M
Asset? Jleallrallon ..... 5
rut ft Ohio now
nalllmoro & Ohio prcf. . COM
llplhlehem Steel prcf . SSM
Proctlrn Hanld Transit. f-AU
Canadian Pae 155H tlHii 1MH l."3'(
CaWcrtl.iret.... lfi I'M VH
rerfri-t leather....... 37 Vtli nr.ff lf
Central tea pref .. 100W 100K 100IJ
rresAOMo 42M 42f 41K 4Hf
Chlno Copper.... 32"f 32'f 31H
rHrfn Mil. St. Paol.. 87f 7J P&
Chic Mil A St. P. oref. . . 120 120
ChleacoOrcatAVeitcm. Mi Wi 10k
CMAOtWestpref 27K 27H
Col Fuel & Iron .. 21 2.1
ConCanpref 88H 88H 88
Cctn rrodocls .. M
Den A Rio Grand pref.. 0 8,'f SK
rr'c....... 22)f 22 2Ilf
rrlclstpref..i 34f 34f 3314
rrnrnlOna. 114V 112M 1124 11214
rsenrralKIectrlc 1305f 139 ' 1371$ 137K
Or petal Motor 7M4 75 76
Hen Motor prcf........ 02 01 00 00
Cocdrich Co 24W 21 24 21
Preat Northern pref. ..ink 113 111! 112
Orcat North Ore. Cent. 25Jir 25W 2o 23
Ouecenhelm 45 45 4S
Harvester N J 00 00H 00 00
III Central 110 108 IDS 108
Irtrrcorc-Mctropolltan. 12 12
Interbom Met prcf..... 50
National II Iscult....
Nat. Enameling ....
N. Y..N. II. &n....
New York Cen
N. Y O. tt West. . .
Norfolk & West
Pittsburgh Coal pref.
Pressed Steel Car 30H
Ray Cons... ....... ... ol4
Ilcpnbllc I. & S. pref.
144K 144K 140U MOJi
oK 76K 75W
Keck Island 1
Hock Island pref Hi
Hock Island 2d pref
Seaboard Air Line. ..... ..
tears Iiocbuck ..
Scars, Iiocbuck pref... . . .
Southern Hallway 15
Standard Milllnc 45
Mudebaker 31 J j
1 ennesseo Copper. .'I1H
Texas . Pacific. 13
'1 hlrd Avenue 35
Lndenvood pref ..
Union Bag i. Paper
82K 81 SIX
! 16K 16K
4 1 J 44( 41f
31j 31M 31H
30H 20H 20!j
I2H 11H 11K
3.1 i 35 35)f
102 102 112
4H 4) 4U
20K 20! i 20H
Union 13a; 1'aper pref
Union I'aclito ......
Un Paclflc pref
Union Pac War
U a Rubber 1st pref. .
US Steel pref
United Clsar Mfj...,
11CK 1101.' 113)4 UH'i
7HH 793X 78K 1M4
27 27i 27U 27'i
MM 51H 5lii
102K 101H 101).' 10m
4S5 40 48 48
105K 101i 103!, 103!.'
41U 41 41 41
47j 47H 40U 40Jf
Western Maryland lOJj
Uslan Union i0,'i
eaUnehouse Elec (17
Total sales, 15S.300 aharu.
NEW YORK BOND SALES
1030 Albany i. Sus Mis.. M
10 Amer Cot Oil 4Hs.... PO'i
MM Amer Cot Oil Sj UJn
imi Amtr Ice dob On M'
10UO Amer bmelt Ueo Us....loJti
CU.'O Amer Tel cvt -His.... W
7000 Amer Tobao 4s 0711
WAX) Armour Co 4 lis .... Ki
..000 Atchison cr 4s UJ1,,
ittuu Atctilion cv 4s 1D00 . u't
iXiO Atlan Co Line clt 4s.. 80.
7000 Halt . OU cv 4hs.. S4t.
2UU0 lletli hteel Ss UJW.
ZUM) lth etcel r(d Ss.... M
iiuou Urookn iut fr Os.. ti;
luoo lirook Un Klv 1st 6s m
1C0O Hrool: Un Oaa 1st Ss .11
xua uurr noch & i 4b.. 00U
l'KJOO Cent Luath Ss U7
TUX) Cunt I'ao 1st 4s.,,,,, Ml'.
MOO Cent llll N J Os ....113
40t Cent Hit N J rec 6s .,112'i
1000 cnes A Oil cv 4W... TO
RMX) Chcs & Ohio 4Hs SS
ooou cm at West 4s a)
MX) Oil & Nwn ireii 4s sta. bSTi
KXJ Clil.Nwn deb Ss lUSl.luOU
OOOO Clil & Nwn 4s...., ,. f.S',i
ItKiH) Cbl II Sc Q 4s tu
10U0 Chi li & Q fen is..., 70ft
.VXH) Chi MIlASt f ret lUa. M)1.
"mm OM Mil & StP Dlv 4. 6HV
4UAI Chi Mil c I I
8000 Chi II I ti V rets 4s.,
400O f-hl Ii I t l'4l
1IWII f?nt : Hauth 4E H5(
inftl Cn it South 4. &0t
241000 Con Q ov ll, W 1....1CXA,
nni) Del i. Ilud 4s 181S. . 00
law Del & Hud rfd 4s .,, Ol'i
txxx) Den & Itlo Or 4s...... ua
20OO Den Itlo Or rfd Ss. 41'i
6COO Dts Secur Corp 6s ... 65i
sooo nu Iron Ss ,. oo4
louo Krie aon 4s., ........ )
lutiO Kr'.a unr 4s Ser A... E1K
iifnn tj.-.- i. . fti'
..L-iu jw.e ,...- . ..,.....,, . .
luoo o sa lc
2000 Oret Nor
ilium iitid is. Ms
louu ao r u h ..,. u
OOOO Hock Vsl 4Hs 03
41000 Interb Met 1W. . ,,, 74'i
400O lottrb 11 T rf 6s..., 1)J
lSOOO Indus 'Alcohol Ss. ... OOH
nooo Inspiration Cop cv 6, 00ft
1U0O Japanese 4... SS
t Kings Co Blee Ss 1937 lOSli
Ui II T d.. ., 10O
do 7 121
Irillard B 0p
Manhattan 4a sta. . STft
Minn & St L, 4s. . . 4tiJ
M Kan tTll 77
1000 N Y Canal Imp 4U
1000 N Y City 34s 1054
T-: " -T ... .Aa
ai imp s iun
U 1030 ..,'. ml 0 01
44sl. .1C 1 107
Tuoii w r i-
Alton M Y Ttrv adt 4a. . A . . 7:
.k i; a.z. . --.--
1KA. I wy w..,.. .... AA
2000 WrWPO O 4s. 806
4000 Norf U W art 4ft, lB
.1000 Nort Ii Wsst 4s...... MH
&.VM not rao prior s
1000 Hit Pao Ss
SpOO PMldo Tel Cs . . . .
110 Paoama 3s. rsr
7000 Penna ov alts . .
12000 Penna 4a 1018
looo Po & East Inc 4s '
8&M Rsadlns 4s
mo.1 Rack Istem rtd 4s
UfA Bock Island U .
tOi St L I U i B Slf l
80QO Seaboard A l adj 5s. .
fu Jloaili Pae av 4a
1 B P cv ret ltd 1W1.
fa Sooth Rwy Hi
tsxss ranw. -
I TWW A SS.
f Tjskd Ava &lf -,-
' TW Fo v as. .
i aUal 6s
I SUal nt (s ..
1 vi Kwy es. ...
Mil r at 1' CP 0J.1O1-. lUllj
MlliSt P CV 4Ws. UOYl 08
Mll&St P gen &. Out; WM
S 4s..... 88U km:
Hb 3 i
Motor GS ...,iuots Iwi 1UOH
M P D 1st SS.102K 102W 10?3
1st Bs. ... 0014 fclHi O'M
in lno 3s.. 2IU '-I'i 'J4I
101; 10i J
10N N Y Doolc L Brla 5. 1011 joiit I116L
lot)0 N Y Oaa II & P 4a,. ml 82! SfS
3M0 U T ti II A It CVt (M.100U luJit lO-.lj
10011 N7KIUH fs... . 80g ml 8g!i
nnn N V llwv rei 4Us....l0tK 107! !(?!
H K H
M M 21
IP I if
U m if
jp m b
Wsar Mac cv U
ui Uarka: BANK OJ.atftKlJICrg 11 1 i
WHEN PENNA. CO.
Parent Company's Shares
Dropped a Point on the
v Local Exchange and
Whole List Turned Weak
Up to tho time tho news reached tho
financial district that the Pennsylvania
Compnuy'tt usual December dividend had
been reduced from 4 per cent, to 1 per
cent, the local market merely marked
tlmo todoy. But when the Pennsylvania
Railroad's chief subsidiary gave out thh
action on tne tho part of the board,
prices began to recede, all around. Not
only was Pennsylvania Itself affected, but
the general list on well declined. Includ
ing Itapld Transit, Cambria Steel, Lehigh
Valley, Heading, United Gas Improve
ment, Union Traction and Electric and
Although the Pennsylvania Company's
dividend has boen at the rate of 7 per
cent, per annum the payments have been
mado 4 per cent. In December and 3 per
cent. In June. Just what the annual rate
will bo henceforth Is, of course, not cer
tain, and depends upon futuro business
conditions. All of tho stock la owned
by the Pennsylvania Railroad, which Is,
therefore, directly nffected by tho loss
of dividends. This, naturally, caused the
street uneasiness ns to what action the
parent company would tako regarding Its
present fi per cent, distribution. A week
from today tho directors of the "Pan
Handle," another Important subsidiary,
meet to act on that dividend. Tho next
Pennsylvania disbursement Is due In
Tho Pennsylvania Company will havo
paid this year, including tho present dis
tribution, only 1 ptr cent. Into tho 1 all
road's treasury. This means a loss of
$2,400,000, or about 4 of 1 per cent, on tho
railroad's stock. The street had looked
for a reduction, but not moro than 2
per cent., so that the announcement
caused something of n chill In financial
circles. Pennsylvania fell from 03 9-16 to
31s in this market. Tho minimum on tho
stock is o"i.
Up to 1 o'clock It was a typical holiday
session today. Stcfcks scarcely fluctuated
chungo today. Stocks scarcely fluctuated
at all throughout the morning, except for
tho offering down of 100 shares of Lehigh
Valley Transit preferred from 28 to 271i
bfore a nale could be effected. Aa the day
advanced the tono became heavier, reflect
ing the depressed condition of tho New
York list. United States Steel cased off
and the other so-called arbitrage Issues
wero also Inclined to sag. In tho bond
list similar dullness prevailed. Electric
and People's 4s declined nearly a point
Disappointment Was expressed over tho
market's failuro to respond to the an
nouncement made by tho United States
Steel Corporation concerning wages. This
action on tho part of the big Industrial
company was regarded as an Indication
ot a hopeful attitude towards future
NEW YORK CLEARING HOUSE
RETURNS TO NORMAL BASIS
Discontinues Rule Permitting: Debtor
Banks to Pay in Notes.
NEW TOttK. Dec. 2X-Tha New York
Clearing House has discontinued the rule
permitting debtor banks to pay their bal
nr.ccs in national bank notes. With the
exception of about H.000,000 still outstand
ing, the local national banks have re
tired their emeigency currency Issue,
ulilch nt one tlmo amounted to about
Tha action just taken by the Clearing
Houso restores Its operations to a normal
basis. The last of the loan certificates
nas retired several 'weeks ago.
MINING STOCK QUOTATIONS
Jim Duller ,,. 75 .77
Midway 00 .10
MUpdti Extension 2J .2t
Montana 35 .17
North mar 10 .19
Tonopah Belmont 4V. 4,
Tonopah Extension ............ -'ll '.'.
ToroiMih Merger '$ .08
Tonopah Mining; 7 "'
nescue Hula I! .03
West End 50 .33
Ulue Bull 01
C. O. D. ,
Dlamondfleld B. U
Optdnetd Consolidated .., ,
Fain'. Aiteo ,.'
. 2 11.10
NEW YORK CTJRB QUOTATIONS
Ooldtleld Consolidated .
Ij Ilosa ................
Maxwell, prd . .,
Otla Klevator ....,,.,.,
Otis Elevator, ptd ,,..,,
Illker-Hegeman . ......
....,, 1 7-18
Tobacco Products pref,,., 81
united cigar btores , hi
U Ctg Strs. pfd , 1.10
United Profit Sharing lfiti
wiuys uvenana n
Willys OverUnd, prd D
Yukon Gofd 2!i
QEBMAN BANK BATE BEDTJOED
Bestored to 5 Per Cent., Which
Buled Before War Began.
BEItLIK. Deo. 88, The dlscouqt rate
Of the Imperial Sank ot Germany today
Tas reduced to 5 pep cent, the figure,
at whloh it ruled before the war started.
NEW YORK. Ds. 38. -In tha foreign ax.
cunge market at tha opanlng there was scans
pfessur on ststilng displayed. Tha aeakness
Was attributed to cabling in connection with
otjtabUshpujat 0 fgfelirn .eredtu hsr. Ds
.nd as QWU44 Wi,'l 84H. nblu. 4 Soft.
In ttw altsnuon pari cables war la dtmaoa.
With tha reaslt at an impratsisaat in th
rats to" 6 1M4 SUritoy waa steady at 4 8i.
tar tojFgA ) a.Mt iw eabUa. MarVa were
'nt tpartat vaa ult and (eaiuralca at the
iwuhs rnm Hni aaiaa ara iuu saga
?7Tis1rTwr: 8Ufe,r- WW-'
Nov York Metal Prises
, 3H9YT VOI1K. !, K-Trmms was a
tripe stropser at the mtl market to
ulaj', Tin, for flva-toa lets, was offered
at K Mful Zktan lots ware off red at M.
Ua. Wllp B-paUer. 6StVte
NaTW YOauc os. A-eeauassjelai Ur sit-
tatstv'St, tacJan lit ifyw x i&aaea laSSy
Wmk , ssrvaJtat al tmsay
Nam YOsUC. 6. 2a Cnaroari-Jsl kr
LOCAL STOCK AND BOND BALES
80 Amer Q ....povl lodvi wo' S5 '
:ro cam etl . . . . . JJ 42 i
Btor . .
Iiu Co N Am
100 Knystone tTl
OB inign nsv..
B do t 0 . .
jo. rniKn vu...... u
100 l.eh Vl Ti pref Si
X Northern Cent . fllU
81f Penna Mri-:
a renra Bait Mfg BJ
awr JTIIIA ,1V0 ,
9.71 rhiin IiTt
B Iteartlnr. TJ!i
vn no facino...... .,
JiO Tonepsh Helm. 4
a.17 rononah Mln.. 7
to Union Tract.... 80'
no rtnitl a 1..... R.1
DUO t' 8 flteel...... 4VA
SO Vetmore Coal. I14
Total sales, 4,633 ahares.
. . sale. High,
I0OO Ttfth Stel 09....
1000 con Tr N J 6s looji
10.M Cart Steel scrip
loloo Klee A Peo tr 4s
zooo Key Tei 11 os
1000 I, vl icen con 4s 8S4
OOOO l.eh Vl coal St. 101
SO PhlU Co scrip 01 .
Soon J'lill Eleo 4s... 7RJ4
CO0O Heading iten 4s. OSJJ
2000 Span'A Iron Os.looH
SOCO Un nys.Inr CsCO
Total sales. 133,001.
HALF HOURLY SALES
10 to 10.30 A. M.
100 Gen Asp pfd. C8,. B0 V S Steel.
R Leh NAV t o
ton f lonopan
100 U S Steel....
1 Leh Nav t o.
S l.eh Nav
10 U S Btecl....
VI To.iopah Del.
34 Leh NdV,.... 7S!i
W Cam Steel scrip
:0vo Bpanlth Am Iron 0s...
10.30 to 11 A,
2 Leh Valley-
. 07 152 P
1. 27 10 U
100 ten V Tr pf J,
a oiea.t,.. v
ou u a aieei.
1000 Eleo ft Peop Tr 4s
40m nieo A 1'cop Tr 4s
40 Cam Steel scrip
11 to 11.30 A. M.
0 West Coal... S9'4
1O0O Tteth Btecl Cl
1000 Kejstone Telephone 1st Ss..
1(10 ntoo ft Peop Tr 4s
toco Un llwy Inv Os
M. to 12 M,
12 Tonepali Mln
IB u a 1
0 U B Steel....
10 ti S Steel...,
2 Ins Co N A.
?ft Phlla Co scrlo.
21 Cam Kteel scrip ,
)0oo Ixh Vttl gen cons 4s..,
MOD Elec i Peop Tr 4s
1000 Union Rwy Inv 0
12 to 12.30 P,
30 1'enna . . .
() U S Steel
..53 0-16 200 U
s Tteadlne . .
2 Penna ....
.. 48" IO
1 1S-1A 15
B3 7-18 S
. . 4SH 00
su ti meeu.
in I-h Valley,
48 100 Cam Steel... 42J4
(0& 40 P n T t 0.. 12
100 1 P.1I c. . 1
iuu cent ieatner. S7
1 P. M.
CO Phlla Eleo... 23?;
28 South Poctflc. 82
1 Penna Bait... 0',
10O Keystone Tel. 18'
S Cam Steel. . . 4JU
3 Penna 52S-J5
14 do S3 5-10
SO P R T to..
10 U S Steel....
TOO Cam Steel scrip 07j
111 Cam Steel scrip.
0000 Leh Val Coal Be
1000 Keystone Telephone 1st Ss.
1 to 1.30 P. M.
25 lJ!h Val.. ..60 1-10
CO U S Steel.... 48
25 do 48
S Gen. Asp 32
20 Tonopah Jtln. 7'i
100 U S Steel.... 48i
S Am Gas 100'i
10 Leh Valley.. fiO
" Penna S3U
0 do S3
20 do S3 1-10
10 do 33
1.30 to 2 P,
10 TT s Steel
15 I'snna ...
2 Penna ...
21 Penna .
6 U 8 Steel
SO Lull Volley
i, x cmia.
.1 Penna ....
CO U S Steel.
100 Leh Valley.
20 Leli Valley.
4 24 do
IS 10 do
48 100 Cam Steel.
18 Cam Steel scrip 071;
2 to 2.30 P. M.
R II S Steel.... 4R4
ST. Penna .121-1(1
0 do 32 1-16
511. 13 Penna
1U union MTao.. ui
SOlJ 200 Phlla Elec... 23?
2000 Phlla KIco 4s
B2 Cam Steel scrip ,
1000 Con Troo N J 5s
2130 to 3 P. M.
10 North Cent,
10 O 8 Steel..,
10 Eleo Storace. 7?i
2 Penna Bait... 05
1(1 u 1..,.
-'1 U O I
Oil 9WV ff L .. n..
o. w., .uiiouan aim. .?
40 V Q I....... 82l
7 In Cn V A . ''il
K,a7 ik . 7.- " '.X'-
100 Phlla Klea
w.t. 1 ah, u.a,,,,,,iw
3. 6 Penna Bl"i
5000 Ileadinit cen 4s...
LOCAL BIB AND ASKED
Klc ' Storoge
Hen Asp ..,
do prtf ...
Key Tele ...
Lake Supo Corp.
i-en .Aav ..
l.oh Nay t
I.h Val .,
Leh Val Tr
do pref 27 2 27 27M
Penna rati rav. r,iu mi
Phlla Else :saf 21" 23 284;
lap Tr ,. ja i.'ji ll 12
Ton Mining ...
11 a I ., ,
V S Steel ......
Co pret .....
J. n. Stetson Company, regular semiannual
4 ftr cent, on preferred and uanal J5 per cent,
on common, payable January IB to atock of
record January 1
Lehigh Valley Coal Sales Company, regular
quarterly 2ti, pajable
of record January 4.
lauuarr in v atocic
union Natural uas
quarterly 2H rtr cent., payable January ft to
atock of record December 81
jiramsan .riano company, regular quarterly
1U par, cant, on praferred , payable January 1
to atock of record December 28.
Waahturn Iron Company, regular quarterly
of 14 par cent, on pi ef erred, paiabla January
2 to atock of record Dscember 21.
Cincinnati and Suburban Bell Telephone
Company, regular quarterly of 2Vi per cent.,
raj able January 2 to atock of rscord December
Firestone Tire and dtubber Company, quarter
ly ot A!, per cent, on prsfarrad and 8 per cent,
on common, both payable January 15 to
atock of record December 31.
jujuiuiaiurcra gnt ana Heac compaoy.
ana Heat Company
on capital stock, pay.
of record December 31
quarterly of per cent
abta January 1
.nuiry idio bioci
. Illinois and Chicago Railroad Company, regu.
lar o.urtry, of lRw cent , payable January
4 to stock of record December 24.
and Chicago Railroad Com pan
nf B nr cant .
I . uw4 KM.ianuuai
January 15 to stock
or recoro January
Oun and Oklahoma, ouarterlr 1U nr nnt.
,, A. , n. .' r..'- '- -3-
ouartarlv zu or cant . nav.
UU.VM -.WM. -. .f
gtosk of raooxd December 31
wviv ,IHUM7 ia 1Q
VsatIngaous Blsctrio and
'ampajry, 1 par ot.. paj-aWa
TlMUmtuir 31. 1S14.
Korrolk and Weatarn.
regular auartarlv l
per ccet. a crsrerrecj,
t. ea Jftfarred. pa.y4.Ms rtbrsan 13 to
atoak of ream Jaaaary SO.
aZf, TK CJ5NTUAL NATIONAL BAMS
Tha Annual KltoUea lag Directors of thla
Bank u4K tha pwaoAS-of astlon umb
atisn s that tM aamt aa anuui4 W
Board of Directors afcall a
tbaa T aor aaaaa IIua IB mi
snaa a aKtrausH y mm
7.. r. i .. '-3- - tt "
Brlor to any tax
tht rcktoWas of
buiuw a anriasa tor balac
i year wj uoV,' """"-
4 O HA
(S 08 (M
t 211! 21 H Sl4
i JVl lAii 13 i
( 78 im 7iS
4 7B4 7SV4 isy,
li 07U 00 00
2I ! Z'
8'4 8H 8U
16 Mi BIS B1H
P5 05 PI
... .! ijji iiji. ;i
e. 12U ia 11 litt
71 18-16 71 10-10 fl ltV-13
i e b
$ 4Jt 4W A
it nM soil 3$
KZH Pi'4 fM'4
494 48 , 48 ,
Wi 6SI1 MA
114 114 114
1 101K 101H 10154
"In "'J ' n'H
T8 80iJ 78 78
00 00 W
S84 Mi4 88!J
loi ion ion
nt 01 ni
7S' 78M 781
OSS 02i 02
104 lon(J looij
60 60 60
prer joa lr
. ... .. ,j ii. j
.... f,7J it . 1
.... .12 33 32 a.1
.... (I7J4 US 0TJS 8
.... it!i is1; is 1.114
.,..01 02 61 02
,... 7bU 7'1 77 78(4
.... 78 75 77W 782
,,.. "' (17 65ti 031i
15 1SU IRt! lM
prefsrrad ana 1 par cant oa rjtBtaaa,
tartv J1.V6. nayabki yabruirv 1 in ilae
aiiain w. wwiu
jftslt Of I
but teK- B
alaaaaaUaaKU U. HHab
IS NERYOUS TODAY
Opens Lbwcr, Rallies, But
Breaks Again and Fin
ishes Below Yesterday's
CHICAGO, Deo. 23. Trade in wheat was
nctlvo again today, but the market was
nervous. It 'opened lower, rallied, but
broke again and finished below yester
day's last prices.
Thero was considerable holiday profit-.
taking and sellers were influenced by an
unconfirmed report that the Dardanelles
had been forced by the allied fleet. Spec
ulators assumed this would rclenso a
great deal of wheat. Ignoring th fact
that tho ports of southern Itussla are
closed becauso of Ice, and contain In the
aggregate less than 0,000,000 bushels ot
wheat. The train service, moreover, Is'
occupied to capacity for troops and sup
plies. There was more heavy export bus
iness, today's sales bolng estimated at
8,000,000 bushels In all positions. Pur
chases made by representatives of tho
Italian Government amounted to 1,125,000
bushels. Futures closed U to ic lower
The corn market kept within a narrow
range, but displayed a strong" undertone,
desplto holiday proflt-taklnr by a large
number of longs. The dips in wheat also
led to a great deal of selling. Full winter
feeding prevails oyer tho cntlro corn belt.
There was, as yesterday. Important buv-
Ing of corn by large local cash Interests.
A fairly good domestlo and export busi
ness was done. Futures closed to Vic.
Oats showed material strength, although
there lias been a great deal of profit-taking
by longo. A sale of 1,000,000 bushels
was made hero today to the Italian
Government. The British Government
bought 1,000,000 bushels at Winnipeg.
Futures closed VI to V4c. higher.
Provisions held very nearly even most
of the day, although qulto a business
was done. New Investors bought pork
and ribs and packers bought lard, while
longs took profits.
Leading futures ranged as follows:
v iicai upen. iiisn.
December ., 1.20 l.tofm
May 1.29 1.29ft
July 1.20-1& 1.20H
Low. Close. clon.
1.2SS 1.234 'lOH
1.10 tl.20 1.205
Corn new dellverv)
December .. 48'i -tU -tSTi
May B3!i 63 (i B3
January ...iaM 104)5 10.30
May 10.B5 10.67 10.47
January ...10.1B 10.1B 1010
May ...(...10.07 10.57 10.45
January ...18 5 18 68 18.88
May 10.15 10.15 18 85
10 30 10 40
10 47 tlO07
10.45 110 67
LIVE STOCK QUOTATIONS
CHICAGO, Dec. 23. ltOQS. Ttecelnts. 5.
OOO . Markot steady. Mixed and butchers.
(.707.20. irood heavy, o 0607.20:
11 vvan.zo: rouirii
heavy, 10.70410 no; iixnt, ((.7r,'rt7.10
..((,., I..U U.KB. AO.O
,.n. ... -1 ..Tm.
(tru 4u; duik, situ'i.io.
bulk. J707.15. CATTLE. KecelDts.
8000. Market 1015c. hlsher. Beeves. 1(1! J
0.50; cows and heifers. $1.50X8.40; stockera
and feeders. JIKUtOM: Texans, 1687.21;
calves, S0SOR0. SHEEP. Receipts. 23 000.
Market loai.lc. hlahsr. Native, and West
crn, W 5030.33; Iambs, 15.7538.50.
STOCKS HEAVY AT AUCTION
Fidelity Trust Down $0 Many Ob
scure Issues Sold.
Except for a rise of 2 points In the
shares of the Pennsylvania Company for
Insurances on Lives and Granting Annui
ties, prices of banlc and trust company
stocks at today's auction sales showed
fidelity Trust fell 3 points and Equitablo
Trust S. A number of blocks of stoclc
of various obscure concerns brought
merely nominal prices.
RUSSIAN SHARES RALLY
London Market Showed Eirmncas.
Hope for Resumption Jan. 4.
LONDON, Dec. 23, It was taken for
granted today that the Stock Exchange
will be reopened for business on January
4. It is probable that official announce
ment of the resumption of business will
be made through the Treasury. It Is
expected that minimum prices for se
curities will be extended and that only
cash transactions will be permitted but
jobbers will probably be allowed certain
discretion In making quotations.
There was a large attendance ot
brokers In the street today, but dealings
In securities were not large, being of a
holiday character. There waa a rally In
Russians cn better news as to the prog
ress of the Czar's troops In Poland. Bra
zilian Issues had a good tone. Tin shares
wera harder. In sympathy with the metaJ,
The American group was Idle. Rates for
loans and discounts were weak. The
Bank of England was a light discounter
of pre-morotorium bills.
Railroad Securities of the United States
is the People's Problem
It is the broad principle involved,
' -: not techriicalities, that must be solved
We have prepared a pamphlet (No. 1011) giving a visual
and practical illustration of this subject, and will be
pleased to mail it, with our compliments, upon request
AUlBflHl- AMMatMf BaaataV
The PMladelphia Markets
GBAIN AND FLOUR
WHliAT, Itecelpts. 155,893 buslil. There
as ,a fair eiport demand and values were
llsr held at the law advance,
and December, JI.3701.28'i; No. 2 red west-
ioib. in exnorr eievmor no. . reu, ,w.
2, red. spot
rn. Sl.3iei.83i N
Northern Dulutli, 1 J
ConN-ftecelpts. 8T,11T fcushsls . There
Was a ood loeaf Inquiry and prlees advanced
le nndsr Unlit otrerlnrs. . Quotations- car
lots for local trade, as to location-No 2 yel
low, new, 740744c i steamer yellow, new,
TneM4c, , No a yellow new 72S4c s sam
ple yellow, nefy, 07eiOo.t new cob, per 70
lbs 074tt9H. . .
OATS. Ttecelpta, 24,184 bushels. , The
msrket ruled nrm and He hUher, with de
mand absorbing the. limited ofrerlnaja of de
sirable stock, Quotations' No, 2 white, M(4
WW- Standard white, MHflWc., No. 3 while.
Ill K-Trade was nulet, but vahtes were
wll sustained under small supplies. v'e quntn
pt j nsfll 17 per bushel, as to quality and
. rLOCn-ltecelnts, 060 bbls and 2,n80,lM
)bv In acks Trad wss slow, but mill
limits were well sustained. Quotations per
100 lbs in Vood! Winter clear, 4noniOj
Jo , straight i-s S3d no; to t patent. I". OSflOs
Kansas, ttralsht, Jutn skeks. f s SSfllt 60; do,
patent. Jute sacks, IS.OOJfl no: sprlnir, first
clear, IS 40J8.cn do , stralftht, 1 0S31.no,
52i."nt' H WWHS.il do', favorite brands,
!2232wl elly mills, choice and fsney patent,
ipjtsiffl 01: city mllla, rtirular (trades winter,
clear, 84.WKri 10: do., straight, I5.23C5.B0:
do mtenf, l5Bn,
HYn FLOCK. Huppltes -were small and
tha market ruled firm but quiet. We quote
nearby and Western In wood at I0O8 BO.
There was a light Jobblnrt trad and no Inv
irtant ehanee In Prices. Quotations: City
S'ty beef, knuckles and tenders, smoked snd
air dried. 29J730o.s do.. Western beef, knuckles
"" wnaers imMi zuimoc I . besr
hams, smoked, oitv rurrt. ' in hrnd And
ni . mtrtnlimA lll.ffli.., n,h
nviTHge, njiuioc,: name, smoked, western
.u.pu, i.rtwioc: ao., Douen, ooneiess.
21cl: plnfo shoulders. A.1 P. oumd. loone.
UVlBUWc,: do,, smoked. 12tm2Wc.: bellies,
in pickle, . according; to a erase, loose. 144
IRC. 1 breakfast bcon. As to bmnd and aver-
fK'..1"' ,curro. lswiBo.i an, weatern cured,
lMMBc: lard. Western, reflnod., Heroes, 11W
lly.c.i do, do., do, tubs. HOllVc; do, euro
city, kettlo. rendered, in tierces. llfflilUo.;
do., pure city, ksttla Tendered, In tubs. 11
Quiet .and without Important change. Tte
flnera' list, prices: standard amnulated, 5c.:
fine, granulated. 4 05c.: oowdered. 0,0Bo : con
fectioners' A. 4.83c: soft (trades. 4.10!.70e.
BTJTTErt. Trade -was fair and supplies
were well cleaned up at the recent advance.
Quotations: Western, freeh, solid-packed,
creamery, fancy specials. 37c.J extra, 35c.:
extra firsts. tUtf34c; firsts, 319320.; seconds,
2t20c: ladle-packed, 223-Mc, as to quality;
nearby prints, fancy, 3Sc; do., avemiro. extra,
303137c.; do, flrats. .13W14c: wo., seconds. 28JJ
TOc Special Mncy brands of prints Jobbing at
KCMJS. Receipts of fins new-laid eeg-s
wera light and the market ruled firm, with
lemand fairly active. Quotations: In free
rases, nearby extras. 44c. per dor.! nearby
firsts, f 12 00 per standard ense: good nearby
turrent receipts, $12 per standard case; mixed,
held and fresh and ordinary stock. 810 2U0
11,10 per caae: Western, extra, firsts. $12 00 per
rase; do., flrsta, 812 per case; Southern, 811 40
4112 per casa. Refrigerator eggs, choice and
fancy fall-packed. 27050c.; do, spring-packed,
na to quality, 21020c. per doz. Fancy aelcct
ed candled fresh egga were Jobbed out at
47ST4PC. per dez. '
CHEESE. Tho market quiet and barely
ateady with moderate but ample offerings.
Quotations' New York full-cream, earlier
receipts, choice, 10c; do., do, current make,
choice, 15c.; do do, fair to good, 14'iJ14?ic. ;
do , part skims, 8813c.
COTTON FTJTTJBES IRREQTTIiAIl
SelHnf- by Wall Street Interests
Checked Advancing Tendency.
NEW TORK,. Dec. 23.-Followinff a
dull early atternoon trade, tho market
became steadier on Increased commission
house buying and covering by local shorts.
The rally carried prices upward several
points, but above 8.30c. for October Wall
Street and Cotton Exchange longs re
newed their realizing sales, probably In
fluenced to some extent by the weakness
In the stock market, and tho recovery
was checked. Southern spot markets were
ofllclally reported l-16c to He higher.
The exports today werev23,365 bales,
compared with E8,45 bales on the corre
sponding day last season. Today's fig
ures includo 2154 bales to Great Britain,
3120 bales to the Continent nnd 17,701
bales to Japan and China. Total exports
(or the season to date amount to 2,191,502
bales, compared with 6,036,017 bales this
time last year. Trices follow:
... 7.34 7,
7.48 7 48
7,80 7 81
7.08 7 08
8 23 8.23
RATES POR MONEY
Mercantile paper, 3 to
plila, l'4N?i per vent.
Reserve Banks' Discount Rates
Boston ,. ..l"fi-
an to tu to
St. Louts ....
Kansas City .
LIVE STOCK RECEIPTS
CHICAGO. Dee. 24. Following
receipts of livestock at the vario
lojlpts of livestock at the variouii centres
Chicago U. S. yards-50,000 liogs, SOU) cat t
14 Ouil aheD.
Kansas City 10.000 hogs,
8500 cattle, 6000
Omaha 10.500 host. 2000 cattle, nxm h..r.
Ht. Louie N. atock yarda-SSOO hogs. 3000
Ht. Joseph 1800 hogs. 1500
Oklahoma Citv 1SC0 hoaa. ir.n r-altt fwi
Tort Worth 1800 bogs. 2200 cattls
Jloui Ctty-8500 hogs. 1200 cattle. 300 sheep.
,,.,, 5 5U
,. ,.,...., 5 hVi
...l...... f. 514
... ....... 5 Oil
5 Rate Case
The Problem of the Railroads
B. Leach .&
A. B. Uah eoti Ltd,
I.tVE-Supplles liberal and markst wssk
under a light demand. ..Quotations, Fowls,
ligfise i old roosters, 10c: spring; ehlelten,
aceordliiff tonuallty. 10fll6j . turkers. 18
18c i ducks, 18914c . ceese. 18015c , guineas,
youns-welsblnu 2 lbs and oyer ap eee, pee
pair, COc . weighing H4.01H lbs. apiece, per
pair, M)955c : guineas, old, per pair, 40c.j
plgeonn. per pair, lnwisc
DltliSSKI). supplies were liberal
n,l,. fnvnMuY f,tirr fntdn HSlllC C
?i ; ., T .T.." ,. ., r ...
iiirKera, nrj'.jjtcu iivj.
20B22C.1 do, Western,
iltits. lTiflva.1 inferior, ill
zir.; average receipt, i.wio.; inter, ur. ..
71.. -Nn t nA IS, frnflllt. 12 tO DOX
dry packed, selected heavy,. 18c., welghlnB
4'485 lbs. apiece, 17c , do , 4B4ti lbs.
apices. 16'Jc : do., 4 lbs. apiece. 10c , do.,
SH lbs. . n piece, I4l5c.! do,, 3 lbs. and
under, 12fl Wc :. fowls, . bbls., .dry-packed
Western, dryp eked, , 4MS5 . lbs. apiece,
lOfl.j do., 4 lbs, 15c.: do, 8U lbs.
14c. do., 3 lbs and under, ,120iac.i. OM
roosters, dry-picked, 12Mo, i broiling chickens
Nearby, 1U2 lbs. apiece, 2oa2J,: do
fair to good. 103180.1 Western, I4Q2 lbs.
apiece, 2uo t do., fair to good, l4iai8c.:, roast
ing chickens, dry-packed. In "boxes Milk-fed,
18 to 24 lbs. to dos Tliilnc ! mllk-ftd. 25 to
20 lbs. to dot, 105131c. I corn-fed. 18 to 24 lbs.
to doz., 20t21o. : corn-fed. 25 to 80 lbs. to
dor,, 1810c milk-fed. .11 to 80 lbs to doz.,
14 He: mtlk-fed, 37 to 42 lbs. to doz., 14U:
milk-fed. 43 to 47 lbs. to doz., 15Me I milk
fed, 48 lbs. 'to dot.. 17c: milk-fed, 60 lbs. and
over, 18c. ; corn-fed, 81 to .10 lbs to doz., 13H
ttllo.! corn-ted, 37 to 42 lbs. to itos., 13U raj
14e, : corn-fed. 43 to 47 lbs. to doz., 14Wia
lsc. corn-fed, 43 lbs and over to dos., I.e.:
corn-fed, CO lbs. and over, 18o ; roasting
chickens, dry-packed, In bbls Western, milk
fed, dry-picked, 5 lbs, and over, 17c 1 Westarp,
milk-fed, .4 lbs, 10c. t Western, milk-fed. 8
lbs., .l4Wc: Western, mllk-fed, dry-picked,
mixed weights, 14fFS14Vic: Western, mllk-fed,
2VJQ3 lbs., 14c: Western, corn-fed, 6 lbs. and
nver, 10c. : Western, corn-fed, 4 lbs, 16c. I
Western, corn-fed, dry-picked, mixed weights,
14o.; Western, corn-fed, 314 lbs.. Ho.! West
ern, corn-fedt 2MR3 lbs., 13t,c. Spring
ducks, 10317c. Spring geese, 14dlc :
Hqiiabs, per dozen While, weighing 11 to 12
lbs. .per doien. 84.18ff4.7n: white, weighing 0 to
10 lbs. rer dozen, pfioai: white, weighing
q ,us. .1'" '.wen, i tou' i; 00., 7 IDS. per
"L!"' wfw $ w4i;t iob per uozcnt
vjia, ii, uarn Hnu iio .' OUCfifi,
Demand fair for deslmble stock snd values
generally well sustained. Quotations: Apples.
New York, per bbl. King, 2 ,1003.2.1: Baldwin
J1.7532 ro: Oroenlng. W.B&.I.2V Hpyf 1.7oiV
2.60; other good eating larletlcs, $L75O2fi0:
medium, flRl EAt apples. Western, per box.
75c.njl.rj0: applos, Delaware and lVnns
Ser hamper. BOlTOOci lemons, per box. 82 uxi
.60; oranges, Florida, per box, 81.2503: tan
gerines, Florida, per. strap. S2gi grapq
fruit, rioridn, per box. i2: pineapples,
per crate-Porto ntco. $1253: riorlda. lf
r:50' .SI1'9,Ilc,, fancy, late inrletles. t-p
hbl,,83.7.141Ti: crjinberrles. CaDo Cod, Esf'v
Black, per bbl., J3CM; cranberries. Capo Cod.
Y a1 tllbl nap pm( ?R. ? ,fli .
l'" ' -r .""." "":"")- 'ISlI'Si " ..'iiioer.
ric dcrBDT. v,r viata, ,.,c mi iir pears,
'nr Deara. Nnve
V..I. .A KM fl.,Al.al ti RAR
in.i niiwuei, a.i tii.i,: uucni
Howell, i2S2.riO' other varieties. 8203,
The general market quiet, nnd without
Important change. Quotations: Whit
potatoes, per bush. Pennsylvania, MaBi'c :
New York, 4350&: white potatoes. Jar
aev. oer basket. 35fT40c.
sweet potatoes. East.
ern Shore, ser bbl. No. 1
szax.TO; no. 2, t,50
41! 1.75: sweets, Jersey, per bbl.
33.50: No. 2, 82Q2.23; sweets,
per basket, C07Sc. Onions, Clio
per basket, co75C. Onions, choice, per
Dusn., aiioc.i uu ordinary, per Dusn., OW9
05c; do , choice, per 100-lb. bag. 11,2501.60;
do, medium, per 100-lb. bag. 83c.$l: do. sec
onds, ptr 100-lb. bog. 0(VS75o Cabbage, do
mestic, per ton, 8Sgu; do., Danish, per ton,
810812. Cauliflower. New York, por crate, 75c.
C8J1.2.1. Spinach. N"'fo'k, tier ll.l.. Jlfti.50.
Kalo. Norfolk, par bbl . OaflDOc. Lettuce, Flor
ida, per basket, 8101.75; do , North Carolina,
per basket, 50075c Beans, Florida, per basket.
.184 60. Peas, Florida, per basket, 42.50
(33. Eggplant, Florida, per box, 82509
4. Cucumbers, riqrlda, pen basket, 81.7593.50.
Bquash, Florida, per basket, 8l.50$?2. Celery,
New York, par bunch. 23045c Mushrioma.
per 4-lb. basket, $101.30.
AMERICAN ICE CO.'S YEAR
Both Gross and Net Earnings Fell
Off Sharply Compared With 1013.
Heavy losses In earnings wore shown
iln tho Amorlcon Ico Company's annual
report for tho year ended. October 31,
1914. Gross returns wero J8,S:0,ES1, a da
crcaso of $1,063,735, while net profits fell
from $1,659,320 in 1913 to $103,863, which Is
equal to 2.73 per cent, earned on tho pre
ferred stock, against 11.12 per cent, last
The American Ico Securities Company's
thato of -earnings. Is equal to 1.17 per cent,
on tho outstanding stock after allowing
for bond Interest, against 7.5 per cent, in
191J, Accrued dividends unpaid on tho
cumulative preferred stoclc amount to
$3,691,017, of which 96.2 per cent applies
to tho stock owned by the American. Ice
Securities Company. Details follow:
1014 1013 1012
S? .' ,S.82U,6S1 $10,400,018 $8,038,103
Cost ot mer.
Bond Int., etc.
NEW YORK COFEEE MARKET
March. IUM S7o
0 4OJM50C.: Julv.
Mev.. n.KOE2fl.na . .T,,nJ
'...... .. nnAI-s -.--.. ... ........
hid, Rinlfkil., 1 Atti r.t.
ouiy, i.ou,,aoo.; August!
7.07c,; No ember, 7.35S7.03c!
All the Essentials of a
are Combined in
Philadelphia Company for
224 Land Title Building
im ' m$&&mMBtmiW
iL,Mh&T-'' " " ' n i n in . iirnrTgtrrimMMa.,,. ' I
1ST- ' -ft"1-