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REVIEW OF THE WEEK IN FINANCE Securities Oo Lower, with Minimums Reached by Some Issues. INVESTMENT BUYING CONTINUFaS LIGHT i Money Rates Reduced -Sterling I xckaRgC Inclines Steel ? rade Improved. "?.???nt lower !?? ad 'rr.rnt. rliir.ir market chas. to whom the - ? -. ? of the n1 that had - ?mall volume. - ? ? mulu?. 'I \VB<4 . ? ') 8om laek of heil a more ? Ol ?ndine ??clino in aetire Block; became ? ? Report,*? that the arrival ???amer Lntain meant delivery of a gieat n.u'.s of European aecuritiei ? 'I considerable oneaaineae. ? ' ? r '? .!?!..- al ? ? ? ? in, reduction of ? Pei naylva burgh, wai the ' break, In *? hieb ? ? con loua. 'i he ??parat? ' ? riettnai holiday, u .?,!*.. ida etilarptd. Cop repeat their up re, and the mar I metal was af-ain ? niched minimums during the week and i while g ? ' I ,1 ruil ipro* ?? !y after reopen in**? r, thoafh ' ? Improvement in Steel I rail?-. 1 for ? rail eom uniuni on ?uent .?? ini ? mak I pub , been . November, and . ,113. lie dividend rrtte hy the tant iub ir.illy brought into proini ? ? ? rution I divl lation -tular '1 the rela - en hur?.! ci ? .to to Mi, having mi in ? he federal court here in I il au ... er, In tl ? ' ' ! had f The New Year \. uniloubt ?ra?iy interesting de menta in t'ie world of fin - v3u are a;* investor ar.l ,vi:h to kee,-? ? '. duririg 1915, *-":'?e to u* ..-?1 v.e will send you each month, our Re? view of t!.e Investment .;ion. together ?with .?de bond:?. | ??u.itt, NarhoD & Kuhn. New York J MUNICIPAL BONDS Oklahoma State 4* *s Schohurie Co., N. Y., 4? :s To Yield 4> . Legal for Savin""! Bank? Other Munieipali for Poit.il j ?v ? ?. i i . i-'d 4 t'? i<? 5 W. N. Gofer & Go. 43 Cedar Street NFaW YORK Bonds for Investment Rams, Forbes & Co a%n? ttr?*-. Corner Wllll-m NEW YORK Wm.A.Kead&Cu. Investment Bonds "?aM-au <*? C ont ' ? ? ? *rk 1 a?/',. ...? STOCK EXCHANGE FOR THE WEEK 1 ?... mfeil from Sunday* ? Palta?-lag la the UMiai table f*?v??iK ihe number of share? ?fall Htorki dealt in la*t -'?-ek, Inj-ether ?It h the hifheet, lowaal and final pri'.-e-? of the week, the act rhant*e? ?if the ?eek, and the hiifh and In? pri.e?. of the >ear It 14, with the hi|?h and low price?? of the >ear 111 I. I.ii.il ?.airs f.,r ?he week. .V'<?.7IHI, a(-;.ii .'<. 1 ..;??!> .. u p'-k _ai;i> und 1 - ? *> 1 "?'*? * a \ear Bga. I rom Januar?. 1 to dale. 1914, I7.45S.1M, agaiaa, SSMfJSSS la ItlJ ? - : u . ? ? ' i . ? i ? . A I . I .eg ? t ?. . 0 I r . . ... 4 - ? . .?? ". - ' . . . *? - ? ? ' - ? ? J . * * * ? ? ? . ? 1 : . - ? . ? - ? i . > i . ? . ? ? rtf ? ? ? It \|. ? I ? w ?? ? ? . ? ? i ? ? . ? ? ??, Ml ? - i . PC Ml t H n ? I It II. - rfl ? . ? ? - gui ? .? I ? ? ? -, ? A II ? i ri***? - I ? - - \t . ? . - - ? . ? ? ? I the conimodit:? . , it uiii?mI through I .1 minina <" . \nthranle Kate? in Doahl eral maree Commis? early in the it thai -im? the In* of coal that a i in wages oi ? lai in ? t the higher Mit ? il hanled -? rere ? c ? - ? vania ? ? dera ? ' ami ' ? re ?r.> - ng th l . which ii form i a pal * ? I i n gn ' lleaej Hates Tower. ? ? STANDARD WIN II J O v\,| | >m | I L ? ,. fit' lot? ' 'i" lui? .. 'j,l /, I... ? .< i..',.?? ? , s- w. ? i- I O ?? l ?.iil-.fr.lii CAPLH.PFORZHEI .J. ? I ? ' Th.* Regional Ba ? rer. \\ ? 11 ? the prii 'hree I.H5, it I m the poui i ? London St othciiilly am ? ? ? vent tl Baal ..: i ? | ,,:, . Rtnerve Strong, ? ? ? "a. . . . . , - than 1 pi I ? ? ? - ? gold. 'ri P Fn neh ran.*? ? Brit rat to t < I Bin Mill-, Shut for Holidays. ? ' MONEY IN LONDON OFF FRACTIONALLY Wither Holiday Nor War loan Causes Exercise Big Influence. the money market la.??. . - il ? ? I total to fil Alao ? of anj lu ?oi be ? ra eier? - In fact, ?J off . ?reek t of I ? opee - . Demy iti 10 arl ': .. buainei , while ? ? . v de* \ eorreai ? ? ... ,. ?,. hut pi ibabl) i toa unique : ! and rtrin ?oiil.i not ed ? INDIANS JUST INDIANS Commissioner Bells Insists They Arc Not Mongolians. ??i ...-. - h plait ? ? ??. oui 1 ? Mr. i Bureau of '? urn Instil " i 1 ??. il.. e thi ' the teachini India'i ? ilongo* ' WAY FOR BUSINESS CLEAR ON BOURSE Paris Considers Financial Outlook Brightened by Weeks Events. I. ' a If 1 tl Par The d?clar?t. ? rameal ?nil the lirm atatenaeal of M Rih \ th? F.nance nghtene.1 th? : ranea for the opening cam* ?ock marKet ar : aaa on hand ai conic. The favorable COnditiona ? ,i by the Hank of France to al? leviate the aituatlen on the stock mar? ket and reliev? the deadlock u. r.?'w :i'-* eoaae-quent on th? tatetee af? fecting ; ? pur- . Of stock, have I ? rets rha ? it) ol Paria will issue a mu 00,000 h' :.'?, pti ,.nt. Subacr ibera arill have the right lo suh-cribe by priority to future loan-' the mnnieip re re- : pajrment of ?he above bonds becomes Ban . star of ! a and ei railway.- and itdcB ? i ? -mall : that real property mortgaged with the iBC er might loa? ralua igfc th? itati of ?'a:, eapecially in 1 ra' .i-? Statiatiei ho?a that money on property in the.-?* department! ? ol ? xeeed 1114)00,000. An offi tatea of ?val es II be indemnified afterward foi ? i Bgh the war, and the fact ?'..i ? amount of money '.er.* compared ? I actual m irtgaged, teem Financial opera - '. oa the stock mark' ? rly ;?? live in the " aek rha market - ' on the approach of the holt? - ighout. State loana and some bank area were arall aupported. French 3 . aa ri-ie, but ral! ed !. 0 ' a p i ?' ; efoi - ' be market etoeed. Far I Rutilan eonaola e/ere iteady and raandi aa were Hhiu of France ?harea ? tl mai kel i ,i? quiet, but changed banda, cop-, activ? INQUIRY ?MPR0VES FOR COTTON GOODS ?Mills Still Sell Largely from Stock, but Si",eral New Con = tracts Are Taken. River, Dee. 27. 1 ? ??ton ?roods <?'-.. The volume of i eompliahed ?\h- not u.? lari?e -, but then ? .ni aad ? ? ? ;? ? . d for future ? tandard makea millfi generally ire in a poaitioa I i rdei of odd constructions in , thi \ la In aa the ? granted en some eoaatruc? ?? fa ila ?.ii tome lina oi . ere not ? ???! I graal Executor Chartered 1822 Truste*. The Farmers' Loan and Trust Company Nos? 16, 18, 20 A 22 William Street Branch Office, 475 Fifth Avenue New York. LOTTDON. 15 Cork-pur St., S. W.j 26 Old Broad Street, E. Q FABIS, 41 Boulevard Hau-*T.?t:a BERLIN, 56 Unter den Linden, N. W. ? Travelers' Letters --/ Credit. Foreign Exchange, idministrator Guardiai If you are organizing a new company; if you wish to have an additional bank account for jour present company; if you wish to keep some particular account in a separate place; if you wish to divide a certain account; then, we ask you to consider the advantages of the general banking service rendered by the Metropolitan Trust Company of the City of New York George C. Van Tuyl, Jr.. President 49 Wall Street " Its Service to You " is the title of our Booklet which details the various services this Company renders to individuals, firms, cor? porations and estates. It will help you to de? cide as to our ability to serve you. Sent to any business man or woman upon request. Ask tor Booklet I Ob. tiona, ai ,? ,,t, ? wir.? r."liH'?'il ti Ha;l milla man I I ch ?rere nan? kid have sohl mue - target] * ii ? of the health th? ?vhich con ? ... . | mount i for i ? rehon >*' 111 hl'lo-.?. CU .itloll:? ; :.'l -, ? ? ? :,,|, ,1 .' *.a? 01 ii r At tlu'sf pi ??.., . - high, m a cotton ii low. i he bi.l.t* extend d till ni i i ?..?-...? [an popu? lar nn ? ' rhe total i ? ? | : ? ?.i/ht-iiu'li, 64x64, - - _'??.?, nominal; 27?incb, . -'??; 27 56x52, 2*-?c? - . rich. 64x64, ii/.'/.'A/.r SI M '?! Ilty OF BOXD'SALES O.V THE STOCK EXt HAXGB. (Rep ? ' ' ?' , ? .ka ?.,,- higheet. laweat, teal prkea and n" chaagea ?1 au baads ?? ? ?? ?.,,';,'..' .,:,';?,,:?.?...*-.".--'.r? ?.??'?."'"". ',. . .".??Eu.?...,..-"".?.?-*?*?*-?.?.<"?."" ? date, m-,:..-..,i..m.>. igai-w? M0MTM00 la 1*11 I ' i.(i\ i i:\mi \ i Wli Mt \H IIWI BONDS. * ' ? ' ? . ? . . . ? *?! Ml . to i:\ii.u m wn mi*-* : 11 \M.?n - BONDS. . ? l'a ?? . . s ? - I ? ? . ? ? -. ... ?. . ? . - ? , " . - ? . .**? . " . - ? ? . ? . ? ' ? ? ? . ? . . ? ? a ' ? ' ? . , ? '? ' ? . * . . ? --.f. I ? . , . ? , ' ? I - . ? . ' . ? * IX <l . I . , - II*, . , . ? ? ... ... ?Ulf . ... ? ? ? ' ? . ? Il . ? I.. . . . ? ?t la - . * - 8 I ? . ? ? ' I laOl ... 1.1?. I?''? I * ? . '? . . ? ? . . . ? ; . , It?', 10 ' I . - ?'? ? . ? . . .. -, , I. I ? - ? -, . . X . ? A.IOI rfg ? < ? ? .:,.-. ? ? . ' -- i >.,\w it : ... ? *. ? ... ? ? ? ? ? ? . ? S ??-...* . ? " . ? -, . ' ? i a i? o a i ? .-? Nnr IM pr ll?*l ' ?-. . y ? ? 1 :?.,.' ? ? ? ? . . ? . ' ? . . ? . - ?'*'?-. '?! !???? l'on I , i - 117?' . ' . , - - . i I I M i ? ? . i , ?< ~ -? ' ? ' ? '? ? ? . I . TAT.? . \ ,101 ?? - . . ? ?> ' ?? ? . ' ' i . I ? rin -? . ?- . , , . rrian !? ? . ? i '? ? . - Il T. .. | 40 ' ?* . * ... ' * ? I _ ? . ... . . . ' ' ? . . ' . . >? ' M 1 ? . . I ' ' ? ... ?* ' * ? . '.. *i . . - . American Telephone & Telegraph Co. Iimr Ver < nil < i.llatrrnl Trait H<>inl? Coupon i fron theae Bon I I . . ? V,,' It, lid i.v the - ' ".?in ; (.. 1*. MILNE, .'? f I MMKKI.AMI IIIII'IHIM \Ni> I I I I 'I! ?I'll ? OMP VM . In.-uriii.r.i*. i ? I , i J. M. B Hi - ?.?.I I hi UN Ml I I 1 i I I PHONE \M> i i.i i i.km-ii i OMPAM ? ; ? ; . N. 1 H H m\ IDEND N?? ii< I*?. UNITED GAS & ELECTRIC COMPANY ? ? II I ll.l I? II \KI> I KELU-SPnllGFIELD TIR* CO. ? . r ? i 4|l 111 II \\ i? i \< II ?.*?<.I N \ri?|N M Il \ \h ,.l Mo- I It} ,?l **..-44 t i.rk. ? - ? mu ii.kk '.i?.i< i?. *??. i : \mi -i.? i mn ? ?iMI\S\ ? ' , I,. I I'YIUIa II. nil BANK ?'I ?MEatH V ? - 1 r ' M! ! I |\(.**. SI ;?.*, VOKk I II II IN"-! H \M I. ? ? i "-11* ??*?., ? ??iiumi: i I'MPANi ? - ? i . ' I I . . : ? i I I..4M? I ? -, PARIS RELICS FOR CONGRESS LIBRARY Destruction by (jermans of I ,i fayette and ?-?Nichambeaii I im ily Collection*? I eared. ' ' ? rtern ? ? '?:..? -!? the French liner i '?' '? r'y galei and 1 In r to eui peed at I te and < aptain Maee reported eneount ? ?*. ? .- B \ | ? Mm.-. I., v. Thoi ., ? ? rette, ?ho hr.,u;;ht over . f?-,,,>, Hu ? :>..;?? th? 1... a i,,, .?.huh Include i ma i | I? 'I by Mme, 1 h?>n. iring I ? m Paria befoi .? lo deatroy? .1 or captured ?<y th.? i,, i mana, rhl it to th ! I give it to I ? ? including nine r? been 1 adly ?rounded m th? of the i ? itei .,?,- i i.m, \* \ .'m.I Lieuti ? ' -: \ . militai\ ..' \ ? ? . hicago and im1! report i<? W'aihington ior ordcra. F ?s?or , ?trnsX Coinpanii Trume for Pcr?onj| Tm,?-, * Fifth Avenuo ft .'Mh St I New York I'IKH lOkS VINCI M ISTOR 010 I IARBI si,V?.,r;A^ <????* nioSi^b?o?l?-*--^ Vi'.- r I Half GW I < \-. While.?!. . ;.,, --,,?, TIMM \> Co?.UK \ . I'..' I .ben, N,,,..,? H HENRY J ? ?o MhAN \ IC-l'.fi B. C, CONVERSB, HriiiJrni JOHN I DOWN'I -i Hu.lJ.m l,??i,?llt,? M. h KI I l)s \ x| I'"' "??Hi \ .:,.,,*(*? Rom Kl w xi kin coaTar MOMAS Uli 111 ,HT V .ce-l'r-1 I KVNCIs 1 HIM Pree, Fir? N?i ,n,i Haak HANM I) M M\<:iHlNUD N ff< rVffkieai BOGAR I M ,i<m<in Blur ,\ < . , J. B M\KIINI)\| | l'ir?. CkfMaCfl National B,lk GATES 0) m GARRAN Pr?t '?I- , A Mai.!,*,? . CHXKI I ?? v II \h.HlV * ?'"?? M""?*' I It intuuoctC? I) I POM I KO,. Vice-l'ir. IfakiifTiaatQi V\ll 1 IA\| || I'OKIKH I P, Margfa?l a.BaaBflN SB? Vl'li PROSSI K. Pre? Banket I mat Cf. DAN1I I C M II). Roch lilaa Si.'-m l)0i'?;i \s ROBINSON, Krai I .'iii \K(;inii\i ii i? BUmu \t BXANDI R II ITBVBNI, Vic-?l'rc?idrnl CHAR1 I s i riPPANT, Viff-Prat I 'Sao? A Co Uli ODORI N. VAIL Prtf -uacrkaaTd AT-I. Co. Al ?i KIM WIGGIN, Prtf. Chi,- National Baak Oi I l( F.RS I . ?. ?DNS i Pre?! Inn AI ?A VNIM l< ?I MIVF.NS. Vicf-Pmidwl K VN M |) Il M u:i>'.-*?ALD. V ic?-1'rcaiJr.il MINIO J ? ,.i? HKA**). \ fPrffidfal III. 'MAS Mil Dl'. Vice- I'rr? .Ir-i U\KKl B. WYCKi 'i :? GaahiM JAMES K I kutt HKIDCI. . -i, % HO A ,|<|) Boo? (?.R. i rri.nrrr ?.I IPFORD Uli Ml Kl. Aaaialaul ?.??V-r Intercst >?ald on l).n!\ Balance Guaranty Tr.ist Company of New York 140 Broadv?fv Capital and Surplu?. $ 30,000,000 lotfl Reiourcet, over ZOO,000.000 ,*4\\ IN?,- Il ,*?.',* the nmm* SAVINGS i.STJUifON 644 848 Brcadway.Cor Bieecker ^t .N.T. / ?7tl s i d ?)i. ulet? ? roN.s UNION DIME SAVINGS BMif 40.h Street and Sixth Avenu? 4 ' T?"? and Ontha.f P'r Can? ;.f ?SB? I on a 1 .. ' i Mes. r M K.ni.ii. I r.niil. M I., \, ?Ilium I, lin?. SEAMEN'S B.NK FOR S4Vt?6J 7 1 ,in,l :?i ?ill Mr??l. T| V . ? ?' I, . . ? ' ? Hi I KAMI I. I'.AK ' N.llll I \. I ? IRII -I Ml \nm U IHi'lUU-t* UNION SQUARE SAVIN-iSHB] S.. M I . - ; THRF.R * ONr HAU fmX CP-1 un : 1 GREEN'.ICH SAVINGS ?si. ... . ' *!ilJ| T?l> H?'t ISO H - aiX MONTHf f M s ; ?>' , j s, I li.pa.it. ?-??)? ?? tr ??lar? JA-? ? ?*" I Int.-.,? ? ?S I - ?' -.-??I . ?i H rn-?-*" i i ? I NEW YORK SAVINGS Wi N. w. C??r Mil? St .?..d s<h JjJ FOUR PtR CEii ni UU-.lslls M XHI ?'?*.''?' ,1? I \N Will l?l( WI IM I Kl-** JAM ? or.-**** ?A II.I.1AM . 'Saaal ..-UU-f-*-**" i