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HI ORGANIZATION OF The Wabash Pittsburgh Terminal Railway Company ij ,4l l n ?t M?*itg*ge Bond? ?nil a>l Sei on?! Mortgage Rond? T# ? ,? Certiiieatos ?-I Dojpoelt Pepraeanttng ???? l? bantsa ?????e?l *n , ,. atakUcI lo As PI ?an *n<l A*jr?---nir?it ?I RoorganUation und" .' ' I? I'M S ?,lrd .hm- H - ? ?? tren of th ? on ol the time I . I ? ? . ; ?-. ?AM ARY .'r.. 1916. All I : .1?! ' , l ' I ? ' ? ? Vorl I of l .. ? i , f I : Issued , ri .tortf-age d$, ha ? Ise beei 1AM \n\ : .. 1916 d 1 ' ; " : ?"'.' . IOS? III I l I?KI AhY 1, 1916, I t BRUARY IS 1916 d Ii? . iv cet, Nea J at I . . * 'cond : < erttticates ? and the r? pectiva ide. rsl Wort ? % 1 M, oo o . ? 1916, ? . - ? ? entra I heir i * .? ompanv u., ? sferred loi m ; : accordance with *.. Isniiarj 1", '. ; N i halnswa, CLARENCE L HARPER, l0R-, WH.i.iAM H. NICHOLSON, ? oR*. RICHARD SUTRO, ME1G.S H. VVHAPLES, KE, ASA s. WING, Reorganization Committee. " ?. B0S1> SALES 0\ THE STOCK EXCHANGE TIT.!" DAY. JAM ARY IL 191". Trail 11 S t11 t*"T1"i? on ,'"r New York York Stock Exehanee Tuesday amount tgainal $."..Obi.000 Monday. *."?,697,000 h -?eck ago and *>:.0*47,O?O 'mauaap. I t**1 .Unu.ir- 1 to ilatr. |S9,?S97,99?, ?.-ralnst 51.1.790.000 la 1915. m\i i \Mi N. I r,llM)<! I. A **? "j- '? : la ."000 141 N ' " ' " ?, , ??--. dO 4 I A ' lUll I i. ?? ri'*. ?*"."-; ? ..??.?>?". 1 A X Alab : ? II M ' a t S? it fa at| IS ?? . i.,i onVIM ? 4 ?? : i -1 \ I I. I.I ' s I'**. . . ? T ' -jKl . ? *o ? f T 5l -' ' - 1.404 . i ?at, N\|l J" NtOl S. " -ai ? ? *, . . ? at ? 1 ? - 4 4 - la ' * ' \ . 4a - ? - ? ?' , ? ? . ? I I ? ' I T 5i . a ' - - I . ? 1 s la - Il . ?a ? : ' '. I . I a . ? - I ? - . . < a ? ? (I ? ' ' "' 'i ?I 1?. 4 1" I?? < i ? I ( < " 4. ' ? ' . ' ', 4 < ' ' ? ' I II ? ; - ?. rfa 4a ' - I ?. - * ... ". a ' ... \a . a a || ' I. i . '. ' ? | a ? * 0 ' Or i . A, Nat I? ,. . rf| 4a ?. II -4 Pa, " T ft T *? ; ' 4 .a ? ' ? ' ? ?4 ? ? ' " Fa 1 ' ?*. ? vi-,- By ". ?? , ?-'. Va K A IMwrr "i | - U >' I : . I " . ? f'-'l n ?a 5? " . ' ? :-*i 112 ? in* - -'.fa for ' ' " ,'"r <>D t * ". < - - n. ?? 4 * i Wet I ? ?? -? ? ? " ? Il , a I " -. ; 5a ) :.t *a ? ', \ (?a (V -ni 4a r?T Ii ? i-Waj 3i 4.94 11 H , : ? I ' ?? ? . ? ? .-I II . - ' a ? i.-r 1 4 ?? *? - 94 L Ir M AS ? "... -i ' a *-4*. I IS at 4S? -144, ? tU?. <??'.. W<?> . ?? - '-? . ISf < ?5 I 1" ' ' I ? - ?a . < ' \V ? . - ? ' sa*i ? .. GOVERNMENT BONDS. \ ? terdi !? | Aak. '"rv"' 2b reg I9S0 ... 99*4 . . top 1930.. '.'.' ? reg 1918....101 Vi , .?, 1918 101 a . ?o ? i ? 1928 1"' rag ? 2a Pan "> i-ft ?98 ? Pan '-'! ire: 1014 101H : ? Pa 81 eoap.10! '-> 101H ? ?? a . Monday, Bid. A?k. 9914 ? ? 101*4 ? 101V. ? a ? no 98 ? - > i ? i H1CAGO stocks. i . ? i?: ? ? ' . ? ? ' - ? > . ? I I 44, 14.', 14 ? ? ? ? > " ?a < ?Ol . TOPICS OF DAY IN WALL STREET Battle Against Inflated War Stock Prices Pro ceeds with Vigor. TRADERS HELP FORCE PUBLIC LIQUIDATION Big Dri\i? Dislodgei i csa Stock than Was ' xptcted Shorts Mold i he: i Ground. ir ' dtn hn\r worked hs la . ? ? r tol" i.i->" rttttrdtir, If tht brttk In prieta eril ? lei, than at i I ' gait. But tn . ?av il a! m ame ? ? . ? : ? ' I .1 H i \. , that .. ?rhl? h hts i' arily fur man. ? en! ; ?r. if '.! wart not to ; ? . ? that * wet t ?i r Itset ' ?ppearanee btftrt tht close. Tht wot-; of the i< g, ? ?wertati ?tt? Whil? It Itsted had their I SB I ? ? . ? ??? th'- mtrkti till i in to do. 1 lier-? wh 4 !i>al of diaappotntn 1 r.t In tht - over tht tUtCi me ef tht decline, , bectns? it hud betn hoptd that liefere 1 th? day wta over th? liquidation would I" dona .'?n 1 it? ton!? ent?ta would dit? ? , ? natlti It oftti btpptni that traders, observing .? diminution in the eoming tut, trill m??.?? ? > eovtr their short commit iompetlng with each other, sharp, If ptrtlal, ry, That, howtvtr, ?as not in evid? - ? - I ?. Tht PtMtd ?Buck." ,r tOCkl were, ?if eourtt, the Whatever infiV ion the Hi ? "1 i" en brought thou! the recklei r -.-illation in .-. es l' i| ite the warning? tf whicl . 11 ? ... ? tn that ? ?? tt ? Mis from ? latora did ti te to climb for nal 1 rad? rs, too, wtrs . and -min - ? ? . burned, ?,. abandon 1? poti ? ir I to I ' dots red by ? . ' : ? ar is that ? ? H ? ? 1 hat ? ? ' r there ? ? 1 : i ' y w h : ??) ere ? ? ? ? ? ? ? 1 .,.. n - and I'ri? ? - - . it there a ..... pa 11 ...i. il r '? 1 ,. ? .- troi r ed poo] 1. i . b ... pt at ? I Bui eom ? ?... , ,. ? to ' . . ? - pend ? t, 11 a th? . Stocks in the Public Eyt. - ? of I to 1 exhaustive, are 1 - . ? y .-in - 1 1 :?? es a numb? liuetu , ,- beta . ? . - 1 a - 1 ? I Alr. < a ? . ? ? ? - a ? ?1 . : ' . . a a ' ? . a ' . S : :.? M a '. \ nient n- Ntt I ii'lii. '1 her? ia moi inc? ' try of thrtt res of Rt - '? timtnt he ?ni faee iblish < n dits ... with the chat that now exist re B1 M tt mai?> I'p tt BOW l: ng 1 ' etuntry ht . - Th?? ; not been to help Rut! la's 1 : ? . ingt marl Basil . . here art not 01 1 bul : ' II ' thai ?opt. . , fen Ign md tn? are in a posit ion to : 1, in th? 1 ? greatest ll ? 11 opean i'.,; Ari.i'i?can initia war. 1 ' ? at a foothold I-. , , n thai ?- ?. ? ' ? ? ceas?, < In? to de n ia to gel an inter? of the If a I ni.I '"? Mian . Russian railway then ? to tl boat .1? tf ... ? ? , - - 1 ? : ? . inter? n the United there t tuld . ertain : ,,? whtl I bi oadly known a??: Vl all Stra ' _ ?.Bother ?me Nulled! 1 ?feller, jr., ?eut nes and endeav t ef view of the , - 1 ? 1 '??-?,??? 1 to a i ? . genera hen aieiam ? ?. ? ?in whal ? B ??? emed ? gratlf? the nal In? ? ? I in I . . ? ihttl rritl ince then ht? ' It tb ? ? ?. at fruitU . i alt of hit dii ? dealing wit H laboi hown v terday, arhen he ion! ? tel? gram ??? 11 onwB li I - '. ??? . an i i i andei of labor in th? '. oungste ? ? ?.flat!) that th? ' i?li'-r?. in?!,i i and ?"?i. had. Intei ??-i m th? m . ci of the I . ..u ? t and I uhe Worka witl i . ? .t thai id? < olor? : i I ? nd 1 t'i : ,. ia? to in- ? parti to the ?' i In the | Hunt ial dial 'ici thi re ? ' eo men! en thi? chai ? il ?? ata in no lo g tt take "lying de? n i land? i? m. ? : ? a ouid to uneont rad U in n!l i roba ?Uli Ine )a re? ... h? uni the remai I i attiib iti .1 t" F', tn will, ef them .??r hear of t : -, rea o? only Or tWO Of tl i I? hi-llrvtil ? ?? is i i h i?. CURB MARKET TRANSACTIONS War Order and Other Industrial Slocks Active lrreiiular I os<-os In General I 1st. tity In the curb trading ,r t*?r .- \ t -? most pronounced In tht '. ? '.1 u-iil \ur Brdtr i- lut?. While Die general list her? snd I ere shot '??! In ;?? ?tei i I uba < an? ! iu?r common i i ly deal! in, bul slotsed unebai | thil? the prtftrn d guiatd '."a polnl i >?'. I ?ittlii Drigg iiury endtd A ??. Uubher, Midval? Bteel and Hubmarina Moat mada small i-. ? i lion - tn r be day. B ? In the oil stru-ki? ?vat ... volume, with pricei showing ? .... . tendtn? : ef ! J N'eu .'???. Cal i foi ... . iiri? Oil ai : i ..?ni Prairi? l'ij.e Lins hmmm dints of frura '.i Ut <? point B, There ?u.-? leen attention ?> >i to the mining ii-HUir* and prices generally among the high price?! ?tuckj ?bowed frartioii.il ItBMtU. Lrie, convert.ult: Is made a small advance. INOUaTBUIA fetal ?I in ? ' ; ?II H Igl la-")? Ia?St. "a?t it-ib In? .;-, . ? j : ?', I " -\ I- . I ? . . , ' . KS 1* ? 1 ?"" AI ?' , a' 1 4 I " ? A ?3 tfc W I . .... .?.-,..?..::"? ' ?? . i ? a ? ? I ' ?? '? I a ' ' l >r - . . 'a ?. I M ?'in .4 . ? ? ? \ !?? ? . ? . a 4 t I 41 ? ' - ?? 4 ' 1 ? I? ? ?H ?.?',??? ? ? 4 . a Ml ' i . a ? . ... ? lo pr ... ??ini m ? ... ? ? a ? I . ? < . a 4 ? ? a ? . ? ? ? a ? <?' . a f All ? * a . ' 1 ? ' . 4 . . , a . ... a . . a . a - * ? . . ?? * . ' I ? . ?. BTANDAIO OIL SUBSIDIARIO. ? . ? -. on I? it 1 lia y I. I : . . a. I. ? - a a . ? ? . ' of N J . I . ? ? .,' N ? ? . OTHER OIL MO? l?r?. ? " '? . a ? , ? ? ? ' ... a a MIMM. 4 ' - ? ? r - , ? a ? ? . ?. I'., ? a ' , . " ? , . I t > ' 4 . 4 ? I Cous Ariz I ?? 1 .- . V 14 . . ' -. n I . , ? '".r - . 4 . ? . :, . . . "'?,?? ? - I . . . 'a 4 . . - : . ;.;-.. . Hutlei ? r . I ? ? , Mini . i . '?' ? -? . : ?? ,. . -i- ? ' ? >,lll? (.'Oil? i. '. 'a ? ... ? . . . , . ? .... . ? . 1,0001 ' . Ml '? -- ? , , . - ? ?. M ? '. : ' ?' i ? - . . ?? '.- .- >? .... PI? k ? . ?v. t>ad . ' ? ? ? ?'..?' . . Min i 4 ? . ? ? M ' ? ? ?Ten lamina ? ? t ... I -, < ? ??.-i. Min ?-. ? HI on . *. ?' '. > 0 -'l'a. a . '? ? ?I ?:'. ' . ' . I | ? ? ? BONUS. ? x ? ? ? . ? - -? ? ? .. ? ? ? . ? ? ? ? ? '/ PHILADELPHIA STOt KS. ?... I .- ' ? i ... ? 'i i ? . ? . t ? ? i ?? < f ? "a ? 1 a ? 4 ' ? ' ? j 4 . ? . I - .a- ?? t . ' a ? ..- a - ? ... - 1- ?? ' . - ?I .... I ? . I - r - - - ? i ? - . .... .- , ? V. a . . ? ? - ' ?-'. . . ? . ? 4 * ?4? , I ? a ? I 1 '.- I r-a - ? ? . , . ? ?II . . ? . ,., | ' . ? I? ? * . | - ? ? 4 . . ?. . I? (Dt j \m Dm i ? . ? ? . ?. ? ? It? ? ? Vit I . ? ? I ll.l .... - 4 I . I ? TARIFF SPEECH ! JOLTS LONDON Free I raders Surprised by Lengths Advocated by Walter Runciman. PROLONGED POVERTY AFTERMATH OF WAR I .ill ol (irru?an ? \i luuii*c I'uick Result ? i I/- Iixetl Block? ad ?? i I ii\iirics. Ha I U\N( IS \\. Hilt*? I I Editor "Th" l- ronomlst,*1 Loi . ? :i.t ? . - . v.ie t I : 1.?Mor.ey i.? dearer t.. day, i. .* i " into mi' .lull owing , to th." -: ig ' lume of bills ? i ? ? ? I \ ? . aftei tl ? 1 ? r the !i inti i tes a mi nisi ..ii dc? kry rompu an?! t'i a ? ' ?' flic with the trade Walt? ? I , ? ? ? i?'! ' excite l .- ? ment. Ho for? ?'?'? ? ; ' r ; f proloi ged povertj after the sar, ? ?? he says, uill m' ;i ncci for !/,ir?-ip<. .i line of tue mi utral 1st? have been doing ser** well oui of the wnr. He declares that though we have tho longest contraband ii:t i>,e world ha? ever Men, yet r.outrals never have li?-?'n Ix'tter treated than !hey have been by u& Mr. RuiHiman surpiiaed freo traders by the lengths be srent in the direction of a prottsctlonist policy alter th'- war. Son.-?nnn-r*r:t a:-o i*? made upon l.i tatemenl that "pea< " might come ".??iy much sooi er thai: ,s?.iii?' of u . ind w< not going to be swares." Hi- , ? certainly indi al ? , h;i! M r. Ru i ? no longer con - templates '? il n. Possibly his ai ?! Reginald McK i have been met rogai th?' ai my. H U| .?? ; British Bhould be mora adi enturous in the futun and a.m thai ?id be taken to make the British Empire l, ?? dependent "'i 'on ign i mi I Mr. Runcin gres ' ' ? ''irai embarrassi I Germany, Mu? 'i i''. ?? 4? i" ed .n the Lon? don press "? r the condition of ? . anges, ?rap. rs which di the govern? for relaxing ?i e blockade on ? I othi luxuries, The fall it mark ? Danish agreement 1ms ; .'lisa ap of Lord R ? ? Cecil. STOCKS IN OTaHER CITIES. BOSTON M?)( KS. UIMMJ l . ?. \ 1 ? ' .... .\ ii. - ' ? ? - . ? ? ? : : . v I ' ? ? '. . '? ? ,. ' . ,, ....... * ? ' I ' . r ' . . I ? l ? . ' . ?, ? ' ' ? I' ," ' " ? I. '* 4 " . < I < . ' ' I. H ? ? ?? I I 14 I ?? Ma ? '.a , " ' ' ? t't-nturi ... I J ? 4 4 . . ? i a i \ I ' . BAI I IMORE -.!<?< KS i ' 1 I ? ? . . - . . 4 . ? ? I 11 i-.ui RGH -H?? Bfl - - ' ? ' . . . . i 1 4 PRODUCE AND ! GP4AIN PRICES IWheal Advances on Ex port Demand? Corn ai ?New High ? ?''iik's. i.l,\fi""i MARKET RBPORT. win v. 1 ? ? ? 1 ? . ? ? ? , ... I?ii)inif ... I that 4 ' ...... . it -a: ??? - . ? ? ? ??? l < * ' n 1.4 coax. ? .. ? ?n and at th? - ?? ? : ta ;!',?? net 1 ? ?? ? 1 a . . -?1 ... ... : '?ti!*. .. ? ? . I whit? . ... 01 Unary clippie?] u hit?. "ram M/trk?t ataadfi No : Wa?trrn II 0" f - k 12? . nil ??]<?'. u'u Murk?* a N?w Y?irk. raw York i'rklea WhaaSi Orrri. Blah, r ?v.-. i . , ""*T. I.S4H 1.S2-44 ?'"'r. ? 1.87 % 1.26*4 ? hi<;\?,o rairjca, ?\ ? tat 0| mi Rieh. I aw. ' ' ?"? ' 1 ' July. '.t.', 1.ru, : . 1 : , 1 1 ' "a 1*4 74 - ', July. II I7?4j < \ PLOI R iMi VI \i ? ? " va :i . S m, ? I . and 1 \ III*. VI ?' ? Ml VI firm; kiln ?Irled, 1 ?.. I - ? ? : h? i?. . mid . ? 0 ? mid r flour. 14 .'. quiet : flour middliui ? PROVISIONS. c-, ifotia ? rmer, influei ? , ? 1 ? 1 . 1 .'. PORK ? ? ? ? ? ? ?, ' ,.? ., no Ii-, I" ' MEAT! 1, 11'..-: pi ? ? ? , . . ? . LARD ? ?'? ?? . I] ruinent, 1l.OOe; B 1 OMPOI KU ? ill? \i,?i J'K??\ UUON8, !''? ? ' Lard: '). en. High I 1 day, January , ? 10.8". - Ma; . 1 ..I I BE. ? ?. taide dental ? ?? ? : '.,: tali tlie ? 1 he 1 delayed ' ? l: .?,.?? Op-an. ii , 1 ? '" ? ? ? ? April . _7.15 7.20 . ? - "i ' . ? 81 OAR r I TI RI I, I ' ? " 1 m the 1 t eil 150 toi quiet, Open. Hla : ai Vpril... ' " ., a.? I II Ma I . bepta-tnber 1 t ; .0 8.1 0 ., I . - ' -r ) ... ( ?if |i.*.si 1 n OIL. ? ? I - ? . 1 ? ? I ' ' ? ... ? " - \nril . . 1 - -4 ? - - X pril vi "ALU " ? . ? ? ? m \ n:> l'::?"l>i < i: M IRKI 1 -. III 111 H . '-. ?Vatta-I, 4 ; ? ? '. - ? ' ' 1 i . . . -, I ... 1 'H . -.1 . ' ' I - it ? . 1 ?? a ? ? '-. ?' ?? " . T. ???..,? ' ? \ ? ' i ?.?.-s ? ?titra I ? - <?? . ? . ,4 ' - I 1 . ; i ' Ute, ? ? M \ . Whs; |t xv. ' - ? ' ? "a. ' ll.\ 4. I. per 1 ? '? ) ItYI , l: \.'.. No. I, |U0 ? < ?. . , ? i - II , m i ? -, 1 ? .? v. -?-"?? ? '. Va, mi-i-tl. U ?> ..:.. King, ?I ?" 1 ? - ?. Northern 8py, fl Hubbartteon, ?1.0'tj.M; b?-n . ? i , i ??no. ? '- -, boa, 11.71012.21: Spltieabert, ,. -.- 'i? , . ? ? ...>... t? .?m pippin, tl.6fUI2.4ti Jonat?u?n, J1.SO0 ? ? -,.??.-. 12 15 . Ben !>? . H? :i and l.hnu, >1. '. I ?' ? .,-.... g. .i u , SI -i. i$2; PKAR8, ? ' NB1 R. : . ; Earl) Blac . ? - ?? ?? ? . , . i . I, lai ; . . .'..? STRAVVBKRR Kl MQ1 \ i Ktidt [UNI?.-. i la, , ?.,?. . ORANGF.*-*, ! ???. bo . I'M; -: - . l *LM ... KKI ..,,.., ? , -I 1'..:'.' RICO. I m ;???? .*.?-.' INEAPPLES, Port POTATOU \M> \ RGSTABI i I POI ? " : ? No . I i. $.1.4 . ' . , , I . ' ?. ' ? .:? ? ? 0 I ? !. l. . : -?N N U, !<? lila, crate, ? 104 -.-?.?" ? i \i ; ????. I' - ? - ? H Kl CABBAI I ; C Al ' LI FLO W ? 0 ? -. VKOI . .i. .i-.i- . ir KOHLRABI. ' '., \ lir. -.N . | ' ' - ? ? " ONION . .- ? ? ? - I .nul >fll..-. V a> ? . ? ? ' I ... . ? ? \i:- : '- MO ? ?l ? ? - . '. VAC H '? w' ? . ? 12: RNIPS, ro ? ? ? ? r O M A TO l; Cub? " ' .1.1 ? ? - II ? ? i \ ? ': I.IVE8T0? K MARKI I ': ' . Hhl.W - ({a-, t ,-!f In live eattl? ''? trade. : ? M \ I - I :???-. ? ? ? ? ? ? ... ?I'M I? \M> I MM I . ? ? i HO? I'l Hi i(' 1 I'll.li'Y SE< l HI 1 IKS I I ? . ? ? a ' - 1 ? ? : 4 EXPORT PROBLEM WEAKENS COTTON Britain's Failure t" Pe l?e vi? situ? ation Seen Reflected in Nervous Market. 11 ? ? ' fallare ef la I ? * - ' ''?-.-? ? ? . . ? 'ii..,,". | attei on. '?"'," ,? h d" ts 4 : ? ' ? ? ' . . ? . ? I " ?4-r?, au; ? ? !.. . , point? - ' - I < cc-pt the i ? ! an.I up broken ?? of ? - ? fee a-ra. Il rte I that b f | i mads . Seen i reporl rtf -atei I for 4 nas .- well ..... ? ? ' : ? ? ail ? ? Brill-' ? ? hi n u ial roppliei for Lsneashire. l?ie?j? on the otport pro?pi*ct? remained aiueh eanxaaea, ??? ? re ware alas (-rust ri'i*T>r ***-.???.>.? r' ?pinion en new crop preparation- and the pros pi ett-re acr^aje. Price? lor cotton, rot'ori-eed an?l aera beliered to be high ^nouirh ? ifs nereai I ; intInf. hu-. liaatioa of fur- . r .. all t ..... ..... ? ;.' 1 bankei i ?vers r ? irte I to ii - il ti ? |UI ' ?read ,-.?-??? ahro?i 1 wan tnoi sting t their I ?,, ... i ? ? . r ?old in Viem I : ? I ? ' ? . . .-? -real ? ? rai i i,"i* [ ? - ? Huh. I?,-.. Claai Inn , ; . .... ? ? _ . .- ,? ;. ii : April . ? May .....18.77 12.78 12.SS .1 in? - i . ? . l?.iM u.M. . : ? 4 , 1 ; ??al?*? mi ? ? Reee comparta i V" i ? ? . .-'4 . ?..ri ... I IT S e . . ?ma ... ?? ? ? . i i ? ? ? ? ? ? ? ? i " ' ... . . ,? .us let aa* ? INACTIVE STOCKS ? ? I n i ? . . . ? "a > ? ' I ? ' ? " ? ? .4 \ givea *hi> clo?tnj ? ? ? a I I ' . - . M ' It? ' ' ? ? " - i: . ?4 " ' ' ' ? . i. I 4 . . . i ? ? i. < ? . -? ? - '. I \l? ? a ? ? ? " . ' ? ? I BH'ik of GfiniHiiv Rets I ? I u 1 ' ni\ un M?** HI i i VRI D M " ? Ja-n.