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Ifaciitor , Trustee bli Chartern. 182" The Farmers' Loan and Trust Company I 16, 18,20* 22 William Street Branch Office, 475 Fifth Avenue New York. U, a W.| 26 Old Bi nul Street, i; 0. BERLIJ ' - l?n 1 >n, R. ,?', 7 : Credit, Foraign I Adtoi'. Guardian Rnfiji ',:(> dnil) beccsming .\ more potent i?u tv>r m tl.r up-lnnld-n? of Aniern an *om Acccptances , , ? , ^ r merce. Inder tin* provisions ol ihr Federal Reserve Acl your imports and exports may ?be tin.un. cd by means ol ?mi banks acceptances, which enal I merchant!* to move their comiTrOc] to the best advantage. The Merhanics & Metals National Bank IMF CITY OF NEW ?OKK 20 NASSAU STREET Deposits vNov io. 1915? $183,400,000. $14,500,000 Seaboard Air Line Railway First and Consolidated Mortgage Gold Bonds Serie.? A f>1 j ?r Ser 1 1915 Du?- September I. 1945 ;,.00,000 of these bonds having been - ? St, lO lift raplete circular upon rrqurs? Guaranty Trost Company The National City Bank of New York of New York . . -, BAN PORATETJ ' THE brooklyn Savings Bank . ? CLINTON STS.. 4 Per Cent? Per Annum , will ba? rlfpoiitori J?no?r? B ?tid ?fter J?n . M17 . ??I >umi entitled ? ? ? intircst It-cut. '' Jiani ? Ft??*. . ,. n! ? Her . ?KTHI K 1 )> M-.l ' - ( ll\- 1 1 1 1 s \*1 ?.-ai < omplrnllir. IXiON DIME SAVINGS BANK 40th Street and Sixth Avenue ?, ..... a? ? rat? i>f ;ar annum. ? > -a -I 111?. ? ?-. . ?I. , ... ? r a THE FRANKLIN SAVINGS BANK 4JJ $t. r I,,'., re Ik? Hull <?!* ??????r. ,. ,.,.,., r,..,,, il,.- 1-? ?...4.11 ?Hi ?,-,S ..a - GtRMSH S?VIHGSB5NK W THF. COY OF NEW YORK, V I a?,,I II'?, -I 1 01 'i .. PI R ' ' ? Metropolitan Savings Bank I'llllil Ml F(jUr P? ( ?nt. F,r Annum 1 v ,. *??**?? U. I? A . . TheWabash Railroad Co. Htnl,i.\M/MI, V r? li..1.1. r* of 1 Paid (ei - ? ? - , laaui .1 'a | !.. ? qui) ,,:.. | r?l?| ? o mil s ? ? .?ii ral I, i*? ? ..minar, a .?( Nra, ?.ila. represent In? a and I a '.,,. - M,,ri . . i. ?dai ? - Ill i i i.ini? r ?? mi \ i ut* s ?il >? 1?! *1 M? )?N OK BEFORI ' ?** ? al.l ? 101? ? ? ' * ' ? JOINT REORGANIZATION COMMITTEE ?? I N ?>! ??.? - III l;< L I I,?un, IB . INCH BANKS NEW YORK SAVINGS BANK N. W. Cor. 14tl FOURPERCENT. * I?l POSITS M \MI. ?in OH l.i I ?ii' i .1 \\ |,,| II \% 11 l DR w? in i ' i;) - i IHliM .11* 1*1 WILLIAM - : , CITIZENS* SAVINGS BANK \\ I R M.I ?H Til? ? Kilt) Vf"? I I- I III I .1 I l i \ la ?II * .1 in,, lira II a ,s|. l,I,,a a ,!....? 119.811 .liiiiiini* - ?in, a*. ? k ,,)!??. I II' '"? I in,,- in>,mil ix" I III,,- a , ,r UK,, High l,'i So?! n.l'.-r . ' | .,aa f." N.a . Ill * -t ? I I ? >>.? I illr.ii fee <?, i??'" ? i." "i ? 1 ,.aa f,.r <>? '..l..r ...... II llll.ll t?r -M'"-'"'??-?* US '"'' I ,,a? fur -? iil.-iiil.rr Hick )"i ?? ru?l 108 I .,a' fur ??llall?? 1 HI?!) r i I ,,aa f,,r J',1- . Itl.CIt ,..r .lui,?' II I ,, f..r .l?i?.<- . II Hick <"? Mia 111 Mi?? . I"l I ' High, '?H .*' i'r ?'"'? ' H ISS I ,.aa. lull ??-.?i. Uli 1"! I''-' ||| ? Hr, 1011 I i ?! Mil ,r?r irill \\ I i? \?.i ?'I I ni l RIB1 SE'S I l-l Ol I a?, I I ? I I *? 'H -I lu M - .1.Utl."<" * ?' '-" " I '' .lui,,?? > linr *?? ? U ""?" . i.itk ?>??" >r Hli?i Hit?, ?,.r N.a.iulxr I ,,a, fur N..? .ml?, r ,, ?,, f,,r l>?).r , , ,. , . -,,1.,-r "I Dl irigk i-r tiei lri"l?rr I ' ' I I , aa f,,r ?? |i|.iut"-r I ' Hick tt* S ?* M -' '?" I ,,,a f,,r Auia'i-? . ? '*" Hick f? ??"'? . * I ..? fur .llllr Hick f">* ?ll""' i m tee iaaa Hick I?" ami |.,r *l .. - . i ITS tiir.li. r*?ii retw. ISH ,.,?. ...ii am '" ? llal? l.'H ?""? ,!"' ' * ,?aa lull *?-? l?H TOPICS OF DAY IN WALL STREET < ..ills and Fever Action of the Marke! Puzzles the Speculators. INCREASE IN STEEL WAGES A SURPRIS1 Wall strtst Afraid of Meddling by < ongress In Foreign Af? fairs Sterling Jumps. ,'?.-, I? ti.>th ? ?i a.? t?. what .- Inn ? ? -, who I ? quite ? ? ? much si ? i Iderlni I . p \ Intro . '>' ? ? i ; ' ? - ? b? ? ' . ??*. ? ? ? ? ? ? ? ? I War?*- and lh< larii ? I ? ? ? ? Troubled About Congre??. - ; proir?] ? I ? I ? ? l .,ii,i,?n Getting W lu ? Hand 4 a ? I . n.ur.e the b<a. i il Itj atfoi led 'i i4 m bj Ibais mn \ ?? i lean .rurlt le? and n ??? oui porl ? holdina up ? h?- free mm. m? nt of ez| rta Edward Holden, whan hs aras m I i ? i k- arouId 'i"i abl) be rimv?.,! up t?? J BO. Even) ? .. doing lonae . ? II?.11? In In Iba lunilla A' ? - ???:?',! Cintra gets ? to i lu. .. iHin'lv aot moro thnn I I worth of good? Hut nil that I M ?thin ?? i', i o. \it,i...> p] ,ni ,.f . ? ? y ? 111 1 ? . ? ' an tin on It a ? the i aultanl produi ? rleeti lilable . n 1 *" -. i i a ? i.iii.iHiii tatea <*?.n ? ' .i ?rorth, moal af ? ie of t he ? a ;>ort ?lur .??? on r la ?,, be r? ''i. .? !?? 4 ,.i tarprise ?il> a ill American re ,1 ,i . ?,f 111? al bust . be | treat im] I at Non York ii'i ih?* I i i'iesumably ill?'.'' will I of I - tllllt ? dolls** s*> i ha iga m Bolis m. as ti i ii chili. ? i .in pre i BBIEF WALL STREET NEWS. ? .! the ^'.?i-k ? ..rpir.itlon nouneed that I he laaue waa i Applicant? ai >? r ? . i ? A. ! . ? nr.rimn, ? ? in. I body ? ? ? ? ? -, ?ni ni Ni v.- Quart ? .? inker I*. Straus A < \\ ich ."i ? ? H -: LOAN ON BOURSE GAINS FULL POINT AI Hi) Opens Above Stlb scriptioii Price Under Strong Demand. FINANCE MINISTRY UNDER CRITICISiM Possible Total Of Subscriptions N<?t Reached by Beaaro cratic Metaods. Mr VVKS GTJTOT. Ex-Mlnl.tar ?f Publia Work?. Fdir.r -LAian?-? Ceonlmlqu, ., naaaeUr?." Vr ? .' , . . | l'nrl?, Jan. ?.? Thf now loan WSJ iju'itcd on tlm H'uir*-c to-day under the i sum "l'i." Psji < i rtl Nati It opened ground ?SO, whicl ; above the subscription price. Sell ins* nifi rs were tow, which is an ex ? ? it aif-r, thftl ill?' loan i? well din slderod. Th?> -jemand, on tho other hniid, tras tooi mu? steps hu?! to be ti?k?-n tu previ t. exaggerated quota tations from ?being brought s It eannol be laid thai the Mil of Finance overwork : bring an. I have s from 6 pel ' row? ing to put into I top of tins "nly I illowed for th?' conversion 'it' treasury b i Into tin' new loan, ?n?l a - I. '..'?' trea ury bonds demaniled that th?* banks divide .!,(.?r c? nui i? with th< : ? .".no.'.,000 of ury bond i wer? ted The '?' bowed I - of the loan wi f?OXD SILES OS THE STOCK EXCHANGE l III aSDAT, JIM ?RY ?*?. 1916. 1 r.ttl t h <?r m Iwndi "H th? Nt-v. Toril Bt<cch ?Sxchcnf? Thnrads, Bmounl 15,461 ""'. ii.-1 n-i ?"... 9 "?H w ??lii?--'l ??-.. M.SI1.0M a ?reek Ufo aad 12,0? ? - tga I r.,m J.iiui.ira I n, il?t.-, >i:0.r.'i,.(iiii'. u?.un?l -7. -111.11.. ? in 191. (,i)\ i i:\MI \ l BONDS. ? ? . -. .i ,. ? . ? ?i ?. ? -, ? ? ? , Mi DON DU . i ?i -, ?:'.... KAIL? O \M? M1SI 1 i I tNfi?l - Illa. I '? ' ; ' ? . . .? ' ' ? i ? ? ? l . ' N ' ? ? ' - ' . ). a " ' ' f .' I " ' ,. . 1 ... . . . a r ' ??HU | , ?<???'? ., ? '' ' ?_?? 'I?-'' ? ; A S 4. . , M % j. ? i ' ''' ran ** ,., "'?': r . -. a . ? -, ', a |. . -j ls X t I'm il ? '??-. I . , I . ? ? ? - ' i . ; - - a I ? la aw B : i ? ? .. ' > I ? -, . ? ?ft ' ft Im fa ? !.. ?I . MS < N V ? .?, St la . ?IS I ' II A I- ?I ' ? - ? ? ?1?. .? -, . ' | ????'! ?. '. . '. I ' ? ? ? I I fa - I" I ' ? Il a? - ' ?. ? ? '' ' " . ? | t -'. ?. ?* ? GOVEILVMENT BONDS ' JlT ?. ? - * I *? ?at? r ASK. . 4',. ??'? . i i a a %t es , .101 V? a I ?*. . ' ?S ll"1? ?' ' ? ? ; - ... II?1 h?i 2s I - r?f ?? ? ; ???if ;,ii?i ? a ..___?_. \ . . MlallPullNllalOl. -- Wit* - burtsaucrats Inst? ad of by Im m? n. Tl.? eived n coi sion on subscriptions ace rding t.? a "-?liiliri"- ?ral?', bul tin i mounted thi I? ? ws ? < In commit ion > ? ? ived. 'I ??i sras the etna which should ha <? been adopted to raies *h?* total ?if subscriptions. Tl.? ??? . of 'i pe? c also lifvt difllculties put In the whi h drov? left ha '? had one *pood ef epl 9 lai. of tin* ? ? ? .' ? ally mean more i I? ft for th?. ful u? Parliami . January 11 9nd tl t i. r? of 1 Inder ecrel The Budgel Commitl I liam i.ri" ha el to vote th? redits ? .'tin*- I?'-rn F*4 Und? r S? > tion cosl 1,1 00 a day. In t' the qu< ?tion il whether il la I many pi .?il has thoroughly d . ? artilli ? .t through abilily, b il ir. It will ird to ha* on th? heal light the Senate, which will criticise it, but will end The i: f ! ran ? ?'i the . WALL STREET TINKERS DISAGREE WITH GARY Steel Chairman's Fear <u" Infla tion Not Shared by Financi Lea ling 1 " . ? on tho I":: outlook in . chairman of th? * I ? ? i l ami t. "II I thinl ? ? Wall ? - ?! war , en to : ? ? . . ' ? . e B.uik of England Return. I?\^ K ? i TH? fAR - hRS" L0:N & TuUbi ClWPANY ? ? ? ' I I ?4 ? I ' - ' ' " 917? IBS ? ' ? a ? ? ?Ja-Hal-. ?i;y,i?lr(ylJ.<* Capital, $2,000,000 Surplus, $7,000,000 TRUST 60 Broadway Fifth A?-* * 34th Si. Third Av?. A MSth St. Lenox At* A 125th St. MeOtbtf NtW ) Uric ('Irnrin/ fioos? Condensed Statement of Condition December 31, 1915 ASSETS I asfi on Han 1 . Caih in Ranks "a I i-1 ang*s N V S ala a N. Y. City Boadi . Other Boadi b Stock?... L. ?ns "? Il.?a Purchia*?! . ?rin Srrurifie? ... N. V. City Mortgage!. . . . R**?l Eatass, Hanking H.jukm. -I \ . A . rued In?*.-*st l'*?*iv?bl* I&764J | ? 1.143 ' 9.815 '-, 14,414.61 I2.IS4J ? 2.441 I V-46.514.26 250.000.00 i5l.52i.35 UABflJTICa (., -a .?? ?? . . $:'?? Ofl ? Sw| .lui ft Undivided ?. ?'? u?fl4.70 ? . *?> M5.479J4 laaeb . 1.700 1*2 87 rXaaesaod fat Tax*?. 64 **, J ? ? ad lata. $<*8.I80,4I5.7I S-W. 180.415.71 BANK REPORTS?. NEW NETHERLAND BANK ? ? r '.?:?.?. n U ' ? ' - ? ? ? -:?i - ? ? - ' ? ? ? - - - ' ? ?? i 5 ... I ? ? I . 0*10 CO ? I ? I ? - . I "A ?- ? I ? ' ' eat ?n a !. t ? KIN W? l\l MEETINGS I . ,.,, ,! I , 1,-1 < ..Ull-Hia Of \ ? ? * . ? ' rk f??f ?. ' * a ? ' ' . -i KINKI I R i ?" MMi M ? i?*?r?N? -, . a : ? - ' ? ? ? - ? ? THE CORN EXCHANGE BANK. ? - -Il i:s IM...I III Ri ? ? ' I - N ? ' I * ?t ? I Ml rlRSl ?Il il ?I II ?HII I I ? l*a|K ?Ml? ii*l|- ?N? III N| ?,, \,,|(K ? ' ; -, ?NN'v'a? II? .; ' a ? - ' I 6 - ?A ?. .a * _r. M?VK REPORTS. METROPOLITAN TRUST COMPANY of the City ct New York ?4 ., ?? I ' ' ? ' ? , - ? ? - ' ' - ' - no-?? ? - ?. ? i. - r .... . ? ? .11.: I a It? ' ' %'! HI M ?'? laiAiirunai. ..??,, || r?M* rw?* V a , ?rk?t *alu?i v. .. oA *n a ok ?; ?? > . ? ?? fnllnwa: ? , w m ?-,41? , \n ? i ? , ?, ? ? ' ?1(1 I ' r - - ?. ? ? ?; ? ? ? II ?r .. \.w 1?*? ' ir*! t.. . . . ? (. , a n ? Irtr ? I ? , ???? ? *? '? . ? I . ? a. ' '?. ?:i ?i , ' a . - ' ? ' I ? ' ?1 ' ., ? ? aa ..II ? .4 ..... ? ? i. . i ? < THE BANK OF AMERICA i' ' . * ? .. . ? < ?an?? : ? ? - ? i ? a ? ? - ? ? - ? I l -.? f ? ? ? ? . a I ' ? ? ' a. . ? ?' Railroad Earnings. . , . ?? r>llr?c4 .\e been ?aw . - . I . I ' ?? .. - ? ... | ? ? I -?? ? . a . V. , , . |M 1..'.?.