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As A Medium foi die extension ol Im.incial re lationi with othei parta ol ihe world oui Foreign Departmenl ?t un ( xcelled. Importers, exporters, in.um facturen and merchants .uc invit-rd to inv?estigatc the facilities offered l*\ ilu?. department. Jhe Mechanics & Metals National Bank 01 'HI ?. ICY Ol NEW M1KK NASSAU snu i i j il, 1915), 1203,000,000. N;- s i// s OS THE STOCK EXCHANGE \ m i;-i'\>. j \M \?;. ?0, i i ? See Tar! St? k Ei haaae rharsdaj siBoaated to >??. ' SN Bweeh a-*?. Hn.l ?M.r.i.oou , date, l?l ? it 138,43 ?."">? la It IS. , s ! \ I I'.i'M ? ? - . ? M 4 ' I m.i ? . - - ? ? . ? - 4 (\ ' 4 ? . ? t *. ? I ? - a ? . - ' ? ? I - ? I 4 I ? ? I 4 : *? ? ? si . - GOVERNMI M BONUS. V( St? I 'I '? ? '?'? ? reg 1 ? 4 - ' i ' B-. Fan '' Ask. a 101-4 ? a 110 .' 1014 101 Vi A!?Ka toSEY A.',:i EXCHANGE. as n i ? i ? ?? ? . i. a ^H _m ^^aaaaaaaaaaaaaaaaaaaa, ' . ? . . - ' ' ' - a ....... 4 > Il . J i? art ? . ? ? i I ? . v ? : ? ' aiat] i ' . " "** I ' . * .. ' -?.a. 4 .*. Bank of Ergland Return. i . ? i i 1 I . ...... ' -Mi.l.l 11 RM NOTES. ' A ' " ' ; . : ; . ; : , . . i it . ' : l ..reieii Goveraa-eal laoai a. ? . ' ? ? * ? ' ? ?" ,. M J-a- t i-*-"* Ii4assassasi| in iiei i. I'.* TOPICS OF DAY IN WALL STREET Bethlehem's 30 Per Cent Dividend Disappoints Hie Trailers. LIST DECLINES ON REPORT 01- ACTION Stocl, I eaves Unequalled Record Behind as High Priced Non Dividend Payer. ? i er ci nt die? . : ?? el -.?.i.? i.la raid ? ribed ..: ..' -Ill O? 1144.? I : , i ? ? - lock in It, did not ?, .;? into . . bile ir ? .... .i aa plied ? thei left ? ? aid !"? ? i l ..a t ruin I p the ! i> I *? acea of Bswi r i '? ? tha I?'??! 'in. ? to " r a exception ? trad? ? . .... .'. ? . rond beat etforl trad . ci ut .. i .? ? down. Th. not ? ? 1' ? - ? ? ? ? eia -. dividends, i r.re v. ? ? ? l ii<- Retiring ? Kampion. ? ' tur? il. ?i . ? Hindeighl anil Forealght. ? i ? ? .- , i . r . 1918 ' ? ? had beei ? It tha mnua ib told the ? i $30.,? ? out of i ta a coi ? for their diaapi ? y have ii now ? ' ? tia B? ' icular ? i I . Mobiliaing ' tmericaaa." ? il need I itock ? .... .i all What did happen ? lere before r hiis ured 1 Now thai idini ? i CI im . . ? , ?:, be? the pricea are to be ? rket. Then \' ? i pted with dieei . . ? ?o i ' . 1 ?chequer ha ? mobilizal on, eommon nr.-i prefi I ? ! prefern ? ? ? S'ew York ? ? . . ' i '?'? ? ? . . r? i ranis and : Bonds Qalckl| Takea. In tha bond market there - ? ? rf thai nothing la tha itock n ..:kel .1- .? ? ? ? in,,* b< tha ? le Indieidual etoeki may tenerally .-till hai Bonda wei . lemand, mi..I tha prompt i ' red by the Ki , -.a , enoui i, i'n n i - . t thi ?i i .? ?? '. 4 >?-;tvrd4?>", mat about 130,000,000, FR.ANCE EXPECTS NEW BOND ISSUE llu^c Cos? of War Makes Further Call on Re? sources I.ikely? DEPUTIES AT WORK ON WAR PROMT TAX Hank Statement Shows increase in Oold Holdings, De? crease ?n I ??ans. lit ?vis i.i voT. I> -?*i"itt-r ol Public W-arkt | |i.?, i *0.n. I .i.n.nilfiu. f| Una? !??? Pari . Ja 20 When I." brought Parliamenl hi plan foi las ? "? industries] M. Ribot, Min ??ter of I ?nance, rave some net? * 1 ? - ? ?? :??? ,? per i'<-tit loan, ; bowing ii cess t.. Ir?- even greatei had i..'< u thought II. Rib I that the total of the aubacriptlona equalled 16,130,1.,000 : . a! the ilua of tin- loan, o 13,311,000,? .I fi am al the ii ue pi ; ?. l??-ilu.*t from this 71,000,000 franc saved by those who paid theii full at the tima of taking their bond, and the actual subscription to thi loan equalled $?.',? Ii ,. 0,000, of which 11,224,600,000 i in neat ay. Il la evident, however, that the monthly co I ? I the war ? I ? - th?- government Minn tn fad new resources, and It Is probable, 'ore, that the ii ue of bonda of national defence will begin again. B u the next loan ?rill have to be sp?culative, a ith the amount fl ? ? ce, and, ;??? in p? I as, aub scription? accej any times the amounl of the loan. In any ca ? ? Parliament has tu vote immediate credit! I i paj ? ' ? onal debt, and ??? found o . ew loa to i ipply that money. t plai to tax war profil on a eliding acale. The plan is actually in th? hands of the , ? . ? 1 teputies now. Ii pr< ? 'ax the ? r normal pi ofil -, the nor? mal to be found by taking the aver? ? ? 1911, 1912 and 1913. In addition, tin- inten I ; aw ma? naes and ? ? . deducted ? om the ? It : hat I leducl propo I v ...nun,nun nuil . ' factory, and the new loan well aup to purchase ? l he ban! tatem? I I rs little ? ? l?t that there ha- !"?? n a m gold holding! ar : a decrease in '??..i BRIEF WALL STREF.T NEWS. |*he I ? ave el? ??'? ?! Michael ? g? ? rin of B] rae i ' '.? ?ani ? tar. ! ... i ? hss been ? to .IlL.l. i:. n l Randolpl. itaal chief Guaranty Trual Con ? , ? i ? :' ? Want Rock Island Inquiry. n the Chi? li Pacific 1 ? - lay, will bear \ the in : Samuel ' '(?'? rnnyer, ? ounael foi lha nan Ureen, : reaolul gal ion f the Rod ? tioi . II ?':?'?' ra a eon? '?i?t la? alua of the com j . a RAILROAD I ?H li'Ml n f BONDS. |.J. ?- 1 I . a l-t ? ai' ' , , I ?, .'? If. I A?-< * I ? I ., ' ? ? . ? . ?unfit? - - ? ? ' ' ..' ... .... - . ; ? . . . ? > 4 II' . ? ? ... I ? < I . -, ?, i -. ,:;.:?-. . . I J. ? ? i . ? I s. !. ? . . 4 ? ? -. lesl'oard I ' Ro'iiturn I*hcI ' ' --n H. . I i . NKW i'OKK (Il ^ BONDS. ? t . ?. I 4 ? - ?I .' Jill ? ' , 4 -? .41 ?4 * ? ... ?, , ? . . ?? ?,.. ?.' .? *4 .. ? ??a ?? ?l ? *' . | . -. - i . ? in t r+ .. J .. - i ? ...-.-, -it . -a. i- a*e** I t. ?. irsS, AM. LOCO MOTIV l/S EARNINGS laereaae <?f I9-M9.CM Is Grass f??r Si? M.,nid? Reported. ? rlvanvi I. Schoonmaker, chairman ?? the board ..r dlreetoi ? si the Amei 1.motive Compa lerda) o*?da |.I in. proml i tl at -'" u ' ' would i. mn sal r? i".i * i "i the Company' buali \ tat? ''"?' ' '"' -h.- ai) m.| , nded Di bei '?! leal ihowi d gi I I I " ? ' . ..,.,. ,,f ?.,,. , . ovi i the ? ima perlo I of 1911 1 here waa an Incn i ? ?? of *:... I ; 111 "?' rating espenai . and s di ol **? i .i"'. m inter? I chai gi a prolii for the ra1 I ill ??? ? fi ' a| -rear amountii g to i del ? ? 11 n, toi * 1 ' ? irplua m ifil after i i dividend? on th? prefei red ntl pi i ad ??. ia 'i ?? : ?, pore i v. ith a d? neit for thi u montha of 191 l tota .- ? -n ' an pai . had on it? I. Januari I, ?., uni ;!. d ordei * an m ? Mu? h ??! tl e inci ?"' ' ! ? . to I?- due to 'Aar ? copper DEMAND grows Imiiiuie- in ii,,. Harket fot il l es I .'(l.iiuii.l. I'i.iiiiiI-. 'I ha rurrei ? metal i rom American prod i ? been equalled I I ty In the 1 i thai : oandi arou II total inqulriea i In th< \ im 24*4 1 i ? .?ii;ii end d if ap prosimat? ' Pi.,. ? .,. ceptabli ibout ? I . Jump of *.: in thi I , i ? ? . . AMERICANS BUY BACK BONDS FROM FRENCH C, M. & St. P. Completes $30, (MK).OOG Operation. i ,... ,. the ? of the l pel et Bt franc bonda i " ?real ?? ai d S1 Pa .. i ? thi'im. (ferina I ' . ' | ? ' ? I actin ' I ? i ; BUSINESS TROUBLES Ba-kr,;' . t .... , li . . ' ' ' 1 - IIIAM'IS J MM. '.. ? ' ? MI'AN" are ai l.?i* ;? A. I?i ' < .. . I ' ? ? ' ? ' ? ? 1 ' I . - ? I ' i ? - <i - ... Bankruoli? ?tartrlee. . i ?i ? : ? - i ' ' 1 4 1. , ? I I ? ? -1 a. H. i?'?*? ?coolnta?. \\ I f ' ? - <? ? 4 . ? . ? 4 . . . ? I ?\||n 1 I.I.1-' "' ? " ar ..'?: . ? ? ? A?al??' - - 11 V! II I '11 I?' ' '. '? l.l . I . I ? -' I i\ i HT04 K M vi:K? I. 'i iglVES | . . ? - ' .- ill. I.?".. 1 - .4 ' I ?I \ I - h- i ?.Market ? ? < . . . irnrard ,-?;... r ?. , ????! ?e?!a 'mi SHBBP tSO i ?M. i ??. . *. . I cold at I ' :. H'M ? ; .... II'",? id. BOM . tuga ateadl *-'- 10Ua i?r It?, PRODUCE AND I GRAIN PRICES Wheat Declines limier Commission House Sell Ing?Corn Market Sags. ?.IM R M M tRKET RI PORT. .' ? ? V "l . . I . ' , I. . WIIKAT. V . ? ? ? ? . ? | ,.. | f. .. .1 | - ? . I '. ? \S .-In.. .... .... ., . ? ? ' ? ? ... I th? r? ? ? I and ' ? ? I Ei ? ? ? ? i ? ? ? ? ? ... ? - ? ? ? . ri;?,. I ? ... ? '? 'l DATO i m? ??? ? ? ? a . ? ? '.. bit? ? .. . . '. ? - No. 4 wl ? ? ? K M ?' i ' yORK PR! .... Vh.at : (i ' ? i 11 : | . ? . ? ? i .?i i: \m? m vi ? i i.'i; r ? ? dour ?' . ? PRO. I.-liiNt ? '"? H UK ? ? - ? ? ? ? ' i mi \i.ii PRO, IBIONIJ I ' ? ,f! I'. I ? ? ? ? ? i ric . .. ? .... ? N ll ..ll B1 i.AI! H i i til *? ' a to ? ? lii-ini r. ' ? ? Kan i \ ? i - ? - ? ? ' - - ? m ms-; n> Oil t ? Ol ? ... ; - * Ml ! \1 ? ? ... ? '. ? ?? | a) ? ? ? - ' ? ? ? : . at ? i : futuras In LvuJju ?I , . ' i...? _h?l ' ( <?l M ir*i PRODI ? I. M \i?l?l I - m r;i | ? ? ? - ... iron ? " - ? ? I ? ? ? '? mu 1 ? ? '? : " " ?' - - 'A ? - curren! ... i ? ? . ' ' ?. ? . . . . I ' - and i II 4*1 \M> BTRAW. *?? rnin?! ! . i ? ll I M -II IKI lis. I . , Jona. ? ? ? ?, .. . ? S'orth? . I ? ? ? , '.- 4t??4n ! ' i - - ' ' \ N'GER I ? IRINA, I,??. ? URANO > ?? . - , ? ro? \i"?i ? mi ? en ?i::.Ks. * ? ? ? - POTA *' . " ' - ? ' i ? . ? ? - ? i * \ ' ? - ? " ? ? ? Vet. il ? ' ?' - 4 \ ' i ? " I ' '? : I ? - ' '? ? ? M " ? ' ? ? i \\, ; . *.? EUBkuGA*. ' :.4/i i? : -4 i m ajt - ? . ? . ? ? ? BATAKU : : ? : * , I Nat toi 11) t. ... ? ? IN I ,( ?,K , ? - ll ? . ?,?? ' ? | ' - . ' ' | . ? ' - tal ? I . r 4 l I COTTON BREAKS UNDER LIQUIDATION Reports of Latrgf Crop Pros? pects in Egypt Partly Re? sponsible for Sales. - breah in tton I . ? ? ?" * ? ? , ildatiea. 19 peinu .. | . ? ?? ? rh level el i.g in and ti mar .- ra ...... reet. ? a ef H te II * I ?and ???I \a .. . ' ; ? ? ? ? . ? aad or Tart? ' ? ??? ' theai, ami ? i tima ....... ng aw... ' it | ? ? ? ' ' ? ras?t. '?*' ' ' 'her aricas .-..- of South. i Ithtl ? ? ? * e d.iy'- '. f- h'r.Ull.l - deeliBS ter n hv ' .. . '?.'?pment in ' ? that I governn id I bibbs sa ? ? rte.l attribut . ?' all tra- l| ? ? M I? i*? t . t that ^ ? ? ? - aad afa mi| ? ? .-.-.-? re reports , ? ,t ocean freight room I B lit!. ''r..e\:- ?nil ? Men knee off for ? - rates ? to ru for the ? '-'x ? .? -v. ? asa* ? ? ? - ' "' ? i ? ? .. . ? ' -1 ? . ? ? i; (| i.'-i :. ? -. lir.-. ... .12.81 IM ' , : . -o .'?? ? . . ??itri i - ? - ' '??--? ? - iV?ninii?ton ? ? . , - I ? ? - . . a. ,i I - ? ? ?al Stock Incroaaed irj . i tecs ? ; has 1 Burro M r j - ---! SURROGAT! 8' SOI II i t N . , of ; ;- ? . ?' ' y of Na.w 1 f - - f t r ans r thcii a ; ? i Turk, ll ;?, ?( Naveaa? ? ' ' TOR K ? ra . \ ? ? r .' ? t ? . . rrmiit a . f -a, ? , H ? . r i I . . ?. . ... at Us? ? 1 vil?. A r ? 1-e ?IT I Alto ? - ' ? ? ? a ? . . , t ? ' ' '? 1 ' 1"> ? ' S 1 1 N . - ? ... ...f lulfc 1 ?. \jf.