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pip IP THE SUN, FRIDAY, JANUARY 22, 1915. "1 l v-. t- mi m Business Prospects and Security Prices as they depend upon credit con ditions, foreign trade and othci factors, arc analyzed and indi cated in the leaflet which ac companies our January circular. SenJ for Oil) Circular ADJS, N.W.Halsey&Co 49 Wall Street, New York Phll&drlph.a Chicago San I ranclsco Hotton llQltlm-.rc St Louis AND COMMENT NEW YORK STOCK EXCHANGE PRICES. RAILROAD AND OTHER BONDS. Most Active Day Tct in Market Here in Tlotli TJonds and Stocks. Ilnllrontt nnd Other fhares. TltUMDAT, JANUARY 21, 191R. Transactions Trom Opening In Still T. ME, -45ioinr. iDtrTi BIO. ASK I Rl I latea. I I Open-I Hlch-1 ! I C1o-1 l fnr. 1 mi. I inc. Hat Caanr. BUYERS STILL TX CONTROL J. K. It ice. Jr. & Co. Will Buy AO Am. Cool I'mdiiili Com. & I'M, Mock 15 Hanker Trn.t link 100 Chilli. (Hot. I I'M. slnrk. loOKt.-i Irl. It.. . I C.mii. A I'M !-ln"k 10(1 International -nil -In. U K.-itiltiKlt.ii li""rll' r (nil hmn) Klerk MITeaaa A I'nelt'e IohI Murk I.IVlrU'r Tulklni; Int-lilii.. Cum. Slock JJLRice.Jr.&Co. Phonea 4P)1 ". Wnl St , V Y Investment Securities Members N Y A Chlcji k l-xrhatiges 30 Broad St.. New York riiiLain i piiia iiAitironi) ciiicaco American Public Utilities Co. Younc Vigorous Progressive AUI.U A MAIlliTl'. H.F.McConnell&Co. 2.1 I'll,,, St., Irl. (Illlll .Inhn. rW York' investors Manual t'tec on Request Plympfon, fterdin8r&Go 'I I Al II VM.l I'l ill MW Illicit Betya m in franklin says: J " Be. ite th-u to.'t nutv ittth Mr y '& mount i, to tJti.fi thufif, tthttbtrtf Y t'-uu hat gri.neJ or L-t in tke tear Y, $'" ' V, HIS Company invites inquiries X i from its depositors and others wno t .vhri mm. tilth flrtvlr- in nrm.irinc- f : , ,-, !! the return of annual ii.i'.ne which X i tfmust be filed before March is:, X .. A FranliUn Trutf Company V. Aita fori Ofit-it 46 Wall Street Y Jr,7a) 1(1(1 Montague Sttrct X (Vif?6i) tulton Street , "rVIetropoIitan Trust Coj pys inteicst on dfily balances of individual!, corporations, and firms. 49 Wall Street THE STEEL MARKET. Wall Street had an Interesting stock market session yesterday, the balance of development continuing to favor construc tle position. Itondn were dealt In on the floor to th extent of about J4.000.000, the lurKent total of tronic1lonH since the reopenlliB of the Stock Uxchanpe, and there was no aluckenlnr In tho demand over the counter for Invfutmont securities, which has been one of the rttlmulaUnc factors In the utronBer movement of the share lint. Trading In Mocks nleo reached the larptBt tota.1 since the restoration I of the open nwirkot and closing quota tions I'hcmed a aubstuntlal aeratt of eallt. Throushont the diy tho lenderhlp of the Hit wni provided by Htocks of the imist Influential oIhah, coimplcuous nnione them b!ni? Heading, Southern Haclfl.?, Union IMclrlo, 1'emisylvanlii and New Tork Centrsil. Tito npKrewU-e wtrenpth of rjlliwiil laue ncniod to be repnrded us a mon encouraxlni; feature nnd the trcoiulary part playrd by ImluetrkiN was not iiRrett-l, despite the reenl jiopular ity of the Idea that lnduttrl.il nh.iree had the brightest pix-pect fur Impiovenient. I'nltod Stiitts Steed made another (rain nnd maintained part of Its rise despite the currency of conjecture about tho poor Alton uiK of earnings tor the last quarter to bfl rfportcd at the quarterly nteetlns ' next Tuesday and also aepti in inaiw I tlon that now business In nteel lines this ' month hJ not kept up the December I pave. Ctoiper metal prices were rnlseil to thn iict;ompantin-nt of rumors of ro ' nevvcl be.iv' purcliase. but cupper Khnres were more or It" arrcciu oy prom 1"- Mlstwuri Paclflo made a large contribu tion to the day'n total of tr.insacttonH, but th tok h.-ll well uround the levels which It roiu-hed on Wednesday, ulthouirh , the eURKextlon of nnanctai pian. om ' tlltvl In the proxy coinmltteo'a circular, ! ilntil to the probability of a. now t Ictirltv lsuo tocomo In ahead of the s'.oclL It U eteoted tlctt tho lntertstM repre- Hcnte,! by tho proxy committee 111 en n.i miltlnn from tho former con- tr..nit,t' lni.?r.ts. and the market for ! Missouri Parltle shares dcnotl a feellti! ' t.i.ttthe 3Ilssoun Padfio futuro w-as jittmc. 'tlve. . . After an early display or mreninn in. Mock mark obviously r.tn into a per M'.stent kupply Se'.ltru; was not coneen' tmted anywhere. Dili internum re-teil to the International lit ohlcily le cauie of th tindersUimllnK Unit Kunipn a-s I'MUtdat'inr nither licivlly. Prob ably there wJ a rood deal of mtBi.e. ln teous rwOlxlnif for donteetlc ocoount, but domestic wlllnj? could not have In'en partbtilarly Important or tho market would have hardly offered bo much ri-i'i.t-ancB to pressure. Itidenl the tokens of the se.on were th.it the prini.llM.1 bunlness tepresented domeMtc accumulation Uililns advntace of .rell;n selllm?. Th buylnc mde hal thn supiwrt of an IncriMsed commIsIon hoin-e folIowlnB and tho s neral Impres sion whl.'h the mark save was that 1t wanted to take sttx'kH and It was rather filad to Ret them from abroad. The sup lotion has been for some time tint there wero in uuroe cnppieo ixman i.- . tlon- In American securitl" which wuld 1 hr,i- ,n l, eliminate wioiier or latT In ' I onler to prepare tho way for the further j itnpii nielli of VwIucg hers. . Titers waa no qtioianie cnanfte in 00 mmtl money r.iim and fotviirn ewlwntre j , clof-ed unchanged fr the day. The ml- ion market was firm, but the praln mar. , kets iihhI to tw more or less feverish. '.with pyroptoms of fpe,:ulatlve oonsi'etlon. No surprise was caused by the preliminary i ' statement of domestic exports for De- j I .-ember publWhed by the Department of (ominero. The shipments of wheat, amounting to about 2i,noo,finft bushels, jwere more titan four times the exports1 ,,f t'nw m-vvlot! Duceml'r. and rimllarly . larr ratios of expansion obttUne.1 In the 28 t 28,! ..I 200lAlaka. O M 35 I 37 ( ..( 200lAlll.Chalmcr pt. C7H 57ii 2M10uUOAmal Copper , 35Ui 351 ..f -tOOOiAin Beot .Suitrar. . . , C2 I C2H 4 1U0 Am Ai Chcm 30i' 30?a . . 6000 Am Can 7 600 Am Can pf , 2 100' Am Cur & V 7, 10 Am Coal Prod ,. 600' Am Cot Oil . .. 7001 Am II & Leather ,.! llOO'Am II & Leuthcr pf., C00 Am Ice , .1 100 Am Llusetxi Co ,. lOi'OjAm l.oco . 1 20iAm .Malt 21 fiOOjAltl Malt pf t 2050 Am KtiiflllliR r. .! .... L1.....,.lu ... . , fcUUllil otia'ii.iiif( I 12'' 200fAm PnulT....; CJ 30(i, Am Snuff pf 7. 375U Am HuBtir 71 200 Am Sut;ar pf 2100 Am Tel ti Tct 2301 20 210 Am TetUicoo 106?i til 100 Am Tobiieco pf SO j 7, 25lAm Wook-n pf 2SH ! ISOoiAliacnnila 10 I .. lOOlAfiSots Ueallwttlon.... !5Ui 6' 2S0O Atch, Top H Ve... 100 C' 100 Atch, Top & ti I'V pf 96'4 G 24 21 10 2S 6 28 C3'i 103 149 103 ioti(i 113 . 97 H 47?4 84 4 6U 23U 24Vi 10 u 28U 7 30H 63 ',6 103& 150 106 100 H lit 1201,4,121 230 106 79 23 ii34 9S 29 36 57 35i 62 30H 96 47 M 82 46T4 Mi 25 ',i 23 to 28'.; r 29 4 63 10ii 147 29 U1 37 j 68H 36H 52 S 3m U7 47Mi 82 47 CU 26 25 10 2SU r. so 64 103 2STi 3C?i G7 34 52 H 30 Vi 96 47, 82 46 23W 24 Hi 10 28 6 20 Vi 62 ;t02 .104 29 37 57W 35 52 H 30 97 47 R2 474 54 254 244 10 28 r. 30 63 74 103 149 lOt'4 106', t Adsma Kxo i 1000 1 .1 Atrifr Arr rv &s 1000... 1 00 Am not Oil ' :ooo ti07 Am Hide A t.r .1000... 1 nnu Am Smelt See d eoo...io4ii Am tat r" luoo,..noa. iznuuo,.,,tiwi4 24IOOO. ..OIlS-i 1000 PO.I4 .15000 0Ss Am TAT fit Detroit t'n lV zww 7 J 1000 7 3lj :ooo 7 a tltlller Secur ities Corn.Ss Itxio rt 1 34 lsooo...M0 t 'a looo olJ 1000 aain J000..., AUI4 anno oai 4000." ASia4 .inoo 0:1 1000 n:Us 1000... ft!ll4 moo.,,,,0.1 10514 lo7 1 74 i 74UI 72 72! SUM 61S1 l3'i, 104' 30,j :io'j 8.' 88 27 28 V IS j lStts! 50 fit I 167 'ICS I 33 35i 102 ;to.i 15 I5 12s '.p.'sh; 12 121,4; am! 32 1 921 12S 36i 97 20 , 92 Vj1 12914: 361, .101 ' 26' 128 11 23 i 12114 12214 !'Ti 101.4 67 69 91 1 93 150 151 41 ,425 133, 12 10 23 37 37 U 30 ' 31 111 143 - S'.l.j 94 93 117 1174 33"i 34 r.'.'V 524 9i;i4t 98 its r 111 I'.'H1 9 ' 1214' 51'!, I 85 ' 25H' 58 1 99 ' 71',' 115 109 19 S'4 11T, , , 25 57K. 93t4 1 6 1I74 119i2 137 V 137-4, 36 ' 3S14' 26 ! 29 loo 104 ! 175 1M) ' II1H4 llS'il 119 121 IV 1T 1514 15, 17 21 62 CS IS 14 13'4 26U U5H UN 10 Better Itmnlry I'roin Hitllnind llll llpernllon Inrrente, Steol comt.tionti showed no material ehani'e yesterday. Tho. u was reported a somewhat liettnr lntu!rv from the rall "ada, however, with orders and tnciulrlea "or a little more titan ."O.ooo tons of alls. It wim al'o reported that the Vmtsylvanii will .soon optn bids on titout 21,000 tcis of structttr.tls. Con I'nued '.ncreaK-s In operations are re ported from heeral tMiinu. However, rices hae failed to respond to the In urear In demand and, at the presnt low motatlons, tho ntarpln of profit for tho Meel companies Is small. The fron Tmile lleilrw says: "While he development of new business In Ircn nd steel products at this time Is not as . Rorous nu ilurins December and tins early part of the new year the Industry s maklnK progress In mill operations to accommodate the bettor bookings re cently entered The fiteel Corporation has put on additional capacity the past week, and It now is ntnnlnic at HshUy leas than 50 per cent, of Inrot output. Some of the Independent companies re port similar Rains. "Kail road buylnt Is fair, rail galea of the week having reached 80.000 to 63, 000 tons, with a much larger tonnage, pendlnK. Consideration of new peelfica fjorj Htm delays the placing of the 170, 000 ton order of the Pennsylvania ayn lem. Efforts to export steel to meet the various foreign Inquiry that still appears are being nlmost completely flunrated by tho extraordinarily high .icean fr'lirht market. "The llftlns of the embargo by the iCntllsh Government on nhlpmenta of rerro-mapfrnnese to this country has b-en complicated by the demand for nrther assurances against reexport of It's ferro alloy or of steel to the ene ities of the Allies by consumers In this ountry- Pis irn remains quint In sJl centres." IS 55, 22 u; 62 ' 74 1SU 134, 26' in; ' 31' 321- 13-4 1 I 454 46 13 1001- mti. 131 132 I 1223, 12114 uate of otlMT rootiKiuns. 11- Miueiin-ni 1 j.;' nlv went to show how large 0 mrt nirrl cultural ttaplfs and farm products ars playlns In our present foreign trade. MONEY AND EXCHANGE. 12 1314 57V4 90U 13 ' 13.' 58 14 90' 53 Vj 2 I ,0 21 Th- Now Tork Federal Iteie.-ve nank rates were per cent, for rhort and S per cent, for long bills. Open market discount, prime accept ances maturlni; up to ninety days, 3HO 34 per cent. Commercial paper was In fair demand. Hates wero 3 3 4 per cent, for sixty to ninety day bills and for four to six month best names: l5 per cent, for others. Time money quotations wero unchanged. Rates wero 2?(3 per cent, for sixty and ninety days and four months; 3'ift3i-j per cent, for longer maturltfe-H. Call monev on tho floor of the Stock Kx- chawtA jesterday ruled at 2 percent., high 1 2 pr cent., low 1 T-4 per cent. Domestic exchange on New Tork: bt. iouls, 15c. premium ; art I-'ranclsco, 50j. premium; Minneapolis, 4.0c, premium ; Chi cago, 15c. premium ; Cincinnati, pur; Mon treal, J5 premium. Call money In Ixmdon wis 1 per cant.; short bills, 2 1-H per cent. ; three months bllla, 2i,4 per cent. Sterling exchange was unchanged. Final quotations were: Temand, 4.S4 ; cables, 4.84 ij,. The weekly statement of the Bank of England shows the following changes: Total reserve Increased 967,000, circula tion diseased 407,000, bullion Increased 560,000, other securities Increased 2,044, 000, other deposits Increased 10,229,000, public deposits decreased 4,244,00u, Gov crnment ecurltles unchanged. The pro portion of the bank's reserve to liabilities Is now 32.70 per cent,, against 32.71 per cent lufct weeK Har silver In London, 2!d. ; In New Tork, 48 Tic New York Clearing House statement: Kxchanges J309.252.768 ; balances, S10, 591,424 ; Sub-Treasury credit balance, $83,066. 102U lOIDi' 105t4,1054 BED AND ASKED PRICES, Closing prlees of Rid AkM ititnt;ipr. UllkChiti . in VinAcrChpf l) AmllrSU. . S7 VnillrSh pf..UI VnillUStipf.. o VnirrAFpt.il r Vmt'ol'r pt .'Olo mCotOll pt l)j VmKxprrM Miil.lriOllpt 71 Mntairopf VmSAItnfll VmSteelKy 3'l MiiTeliCa . H-U niVoiilcii . IP-j SrilVrltl'pf 1 nu rl)ot XutiArlmrpt ''Jildwlnl.oc an 1 iWiwLucpriQi tMll).tUl.. lj 11 .iii'i.irhplD't '.klvnt'Uaii IV, 'r'UtVIVr It. ilrownsti p(. ulIUP . . i.lltP Pf . !,-OUtll i'j . nltliiifV.!. u&vll lllu '. Mti'll VMM" I'l'n I'.VOmi 1 iT'AlMif i'A. 'Utll H9 Ift 3TJ 41 Uti'i 10.V-.il 117 UP. W'J il'l :u 12 t Til :m itnt.j Hl'v Kl-4 I'i (l IH r.ito .12.' IK'C '' 1 IV, n? 1:,. in i.i stocks In which there llid A iked ColiHolpf . 4 s.s 01 130 73 tit 4 ti.t C'olASo2 pf I UI1VAII CrexCarm-t c:tLniSutrnr. t u.tti,tj pr inert-Copt . IteHMAI'tl) n.MAi tript. IH1I.C1I.MHI DetAM.u'1. lli-tAl pf. ntllSVA IrdlllnAS K;i.tlimnK lid MAS if H W imlwrtli l'WIurthpf Il'l CWIIi'ltur no (iwitinu pr 111 (icnChrni 11" (irnChriii plllA'j ll,t a:i Havana pf llAn.N.Ilif. US , Ilatw orp I IbirtLnrppf - ItnAnrCiiip I lntAur pt rn-, lnll'ttper pf. M I Intl'utnp llltl'uiniitif o llicrrnll-lt 10; Inurr-Hpf m , I'lWaOatrnl 0 tluwatenpf 13 iK'rsrr . . ihnysrl Pfl05 M l'SAMpf. -iheo&UctiU.. I were no transactions Bid Allied 1 ICeuiDMpf. 311 itH 48 1120 n 17 at 114I3 M Hi liirtn no Til Jlj 111 731 i Dill 12 ir. .is 3 u 113 7 IK 10 M to LueliStrrl l.Urli-AW pt 1.1 l.ll.VMTiih .2K,' I.imveV 2 pi Mht1(sToj 73 MnH.ftyP pf. i:"H MatiUeach 2 MatilCI . 127 MnylleptS . MnyllS pf .. 07 M Hi l'SH m pr i:e M HI Vic ! HH M 1. 1. 7S MorrlAi:n. nil NliCA.StT, 125 NntCAS pr. Mi Nat Load. Ii.'-j Nut lly of -Mix 1 pf Nat Hy of Mr 2 pt j NYI.acli&W.lia NorlSo . NorMtW pf. NorthAm DntfillM. Palutllr Pf. I'APTrift 03 3 20 kllil Vn PacTA r pf. Pent la AK NorlVTAT ' Northrenlty S4 , t'iii.1. Aait... 71 IPLTASbpf - Pltl'tWAC KW l'ltbteel pf.. . PretStlO pf 10i PubaerCor.. - 40 so 2'.i 'It 73 111 It lan f.H no ln ft) m un i :ili 121 vii1 i A .1 an (I3u 10 78 16 S2 I0J 104 tsterday : flld. AsUwl i 2 7 SI 1HS 2 122' vn 7 QtilriinHer tjuld:kll jit. llyhllsp lif. Ilend I pf HrnkA.Sar. .stl-AHr. S.'ur.lt pi. Slns.Shcf.. SSKlt'blfH'.. S.SUri'sC pf lol'-j hnPMStiKiir 33 S0PIIS11 pf.. -TntlMell' 90 T11I.MLAW.. -T.MI.AtV pf. Ti Pnili-runml. Unilrrw pf . -I'DllugAP pf 31 1'nf'lKMCi... 43 b'nflKM nf.. -l.'nri' (iiK. Unt)r(i pr . 4. r.scuntlrl'.. ii'a l.'SiaettP pf 31 I'Stnd.Mo.. 13 USr.iprrx.. - L'SlllAIni.. - -Vafisrt'h pr. 4 VaUAP. . . Vulran pr.. 13 WrlUI-'lJx. S3 Westh 1 pf. li L-) ,11 II V.,.. . iWeyllru pf.JIO 2i 110 cm 5i so UIP 10.', 1ft) TO 1111 SV4 44 PIS' rut ,'41 J3'ii M 23 71 4 K7 44 30 S7 125 2K0 114 I Kx rtlTlrtend Where a "c" followt I a quotation It Incu lcates u hid or oner 1 lor 10 harts. lOSii'lOStJ 6 119 119141 S IS I8I4 ..' 85 1 S5 5 331,' 34 3 154SI155N 8! 1714 17 .. 24 25 . : 2H4 21T4 .. 77 1 78 I .. 153H 1534! S 83 ' 87 4 ".' I j .., i 14 Ha Us! .-' 141-4 15 ' .. 39 U! 39 .. 186 187 71 9 12 3U 34 .. 17 19 . 37 38 .. 87 I S7T4 C' 17HI 17' --I 61 i filU, 4, 69 70 61 42! 43 .. 954 96 7 31 U 31H 121 132 135 10 13H 13 .. 431.41 4314 .. 98V4 99H! ' 122 1221,4' 81 SO 81 I 4 29H 29 .. 13 13V4 33 34 73 7 57?n 574 CI 1024 1U3H 8 62 ' 53 2 108 109 7 55 551-4 30 221.4 221,4 .. 7 . . 1'4 1 2'j 2?, .. 72 721,4 4 2014 20 3514 38 03 U 63 4 3 314 .. 15 16 5 39 f 40 I ..! BOO At Coast Line. 5 611311 & U 4' 16l6tJ & O pf . .; C700'llethl'hcm Mteol , 7; 1350'Hethlehem Htivl pf . ISOO'll V Ooodricli fi' ISOOillklyn Hnp Tran 3! 100 Huttcrlck Co . ' 1700 Cat l'et 7, 1000j.'il Pet pf 10 3200 Can Par-Hie 3' 0200'Ci'n l.eutlier 7' 100 Con Leutlier pf 4 4900'C fi 7' r.OO'citl & Northwest 200'Clil Gt West .. noo'Chl Ot West pf 5' 2220 Ch, M &t 1' 7' 700 Ch, M H Bt P pf 40' 3100iChlno Copper 7' lOOiCIuctt, V & Co pf . . looo'coi r St 1 61 170O Con C.iih , ..' 200'Corn Pntlucts Si 50Corn ProtlucLs pf 7 loo t'ont Can in" 9, 160, 11 Hud 101 200ll)ol. L & W 4001 Denv & H O 2800'Dcitv A H O pf 200 DlstlllcTs Sec lOOiDul, S S St A pf 263001 Erto 4000'ErIo lt f 300 Krlo 2d pf 230 Gen. HIe! Co 'nil l'.n' Motor I '7! "20 Con 'Motor pf...r. ' -I -r.ft, ,1. ..e , ilVUU - t ..U , ..' 13300'Ut Nor Oro ctfs 14' 1110'C.tt!f'nhelm 51 100 Hnrvester N J ' 4-3 25 Homiwtaki 6 100 lit (Vlitral ..! 600 Inspiration Con . '.'00 Int Paper . .! .moo Inter-Met .. 6i")'Inter-Xlct pf 7' SO'.I 1 C Meh i.'o pr . .' 1500 Kan City Sou I lho Kan City Sou pf 7 12'l.ncliMl,. ('.as , 800 Uiko Krto & Vtt 7 loo'l.lirsrett M-rn (if 10' 190(1 I.chlirli VnlUiy . .1 lftil l.nntf Island ..' lll(HLotef-Wll HI" 7 lOoiLooso-WlIm Rls 1st pt... 500 Lorlllard lOoil.orllltird pf :. 30o;l a- n . .1 500 .Marino , . ' 600 Marine pf . .1 sou Mux well Motor Co 900 Mnxwell Motor Co 1 pf . . ,.' soo .Maxvii Motor Co 2 pf . . ..I 3600 Alex Pet 100 Alex Pet pf . ., 300 .Miami Copper . .. 1550' Mi nil & St Louis ..! 530 .Minn & St Loui.-' pf 7 300 Allan. St P Ai S M Al.... . ., 4700 Alo, Kan S: Tosus COO Alo Kan & Texan pf . .' 45SO0 Allf-iiurl Pacllk' 2' 400 Alontann Power 7' 200 Montana Power 1 pf 7 70u Nat HlHetllt Co... 7' 1011 Nat I spotlit Co pf 7 mil Nut I. end pf . . '.'nO'Nat K & ' 30' 120 Nevada Con 6 20" N A" Air P.rnlie 5 5 too New York Central . ' 4li0 New York, Cltl & St L... ..' i'.imi N V. X It & II -. . .' 700 N V. tint At W 6 1100 Norfolk & Woft 7 rr5u Northern P.tclllc 230 I'neltle .Mull 4720'Ponn It It lOOjlVoples Cns 150Oi Pitta Coal HOOiPltts Coal pf 700'PresKed Steel Car 200' Pullman Pal Car Co 2200' Ray Cons Copper loo.ltwy Steel Sprint COO Hnpublle Steel 4KU Republic Steel pf 33080' Roudlni; 20lHeaillnt- 2 pf 20(1 Rock Itdaml 700' Rock Island pf 920 P.titnely 750 Rutnely pf .OOlSealxtard A L 1340 Seaboard A L pt 200'Sir-Roobuck lOO St L San Fran 1 pf.... 100 St L Han Fran 2 pf. ... 100'St I, Southwestern 300 St I, Routhwesteni pt. 11800'iJouthcrn Pacific 2150 Southern Rwt Co 300 'Southern Rwy Co pf 100 Standard AHlling 3o pf... 90o!Studobal;er 200'StUilebaltHr pf 1310Tcnn Copper 200,Texim Co 700'Texas I'aclflc :750,'Thlrd Ave It Ti 100 Twin City R T 17423l"nlon IMciflc lOOTnton I'ai'lllc pf 100 I'niun l'aelilo warruntH.. 100 t'n Ry luv 400 I'ii Ry Inv pf 10' V S I Alcohol pf 1500 1 IT S Rubber 380r S Rubber 1 pf 32150 V ti Steel ISOOiC S Steid pf lOOO Utull Copper 200iVn-Carollna Cliem Mo Vulcan DetlnulliK 200 WobaHlt 650' WnbHMli pf 167'WestlnKllouso Klee 3700' Western Maryland 1600' Western Alnrylaml pf. ... 1900lWeHteni 1'nion Tel 160' Wheel & I, lCrle 100 Wheel & L Hrlo I pf 200' Wheel & L Krlo 2 pf S0OfVt 4ntral 119 147T4 104, 104 103 '107 ins Itl3113'4'll3 113T4 121i4'l2t;i20 120 '230 230 230 '230 'I06't06'l06'106 I 79- I 79 j 79 1 79 2S 28V4, 27T4 95m 95i 95 1 981,4' 9814' 9814 1101 105 ,101 I 7 74V4 73H 73 731,4, 72 I 51 r.21 l0 102 10114:103 , 3 Hi I 311 SDH! 4 40OO RHft, Erie rv 4 er A Armour 4' 1 nnn r.llta noon oai4 :sooo,..n:ia 1000 oaa Erie rv 4a er tl -000 oaia 0000.,.,. OAI4 A T A S K CV l 11000 fin3 1 Mioo.,., OAia JOOO 0 4S41 50O0 niiig 2ooo,.,n,' iRrin tren 4 2S0OO 0 4S41 O0,.,.,O()la , at ar sr re.i . 1 iwnrin i ii , 'J.. , 15000 UA14 30O0...1O1I? 1VJ I 4000 OA (Green Day &W Tstiwoo pain deb aer II .L. 1 ATA.SI'ailUll 2000 107g tamped Htnl A Man adl :ooo Hf 1 1000 ana At fnaat f.lne u Ifooo BHIi 1000 BO lin en Chl.in r.a nni'4 ft H7q s 95 98 14 103 74 72 51U 104 30 884! 88 1 S8"4 27 27! 27 IS'.,; 17; IS 53 60' 61 168 1167 ;i6S 36 I 34; 35 102i102i,i102U 102 It ' .15 44 1 45 128'12S1.4 1281.41128 S8 27 17 50 167 36 II 12 ' 31 it 92 128 i 36 100 26 '121 122 V4 .' U 10 .' 6S 1 68 93 93 I 21 93 1 92 129 128 ,tlrti JOt4 1110 I 27 1 12 31 '4 92 I 129 ' 36 100 100 I 26' 26; 121;i21 10 ! 10 1 1 1 m 1 "r 3 u 2 1 4- 1 T N Y nrs fde 4s maul.,,, ,7 a ft V Slate 4ts 30OO.lOflt3 N'VSnaAWtrmSs S00O 70 N YTel cm Ws 10000 on r.000 Hills 11000 00 NY Westchester A ttoaUin 4W 3000 7 0 Nor A V rv 4is 3000, ,.10:l Nnrfollt A W 4 30no,..MO3-V aooo.,,..0 37n Nnrtti I'arlfl" 4. lsooo onin tooo..,na7n 2(v)n.....'a.'i4 :ooo oa7B North I'aelfle i 3O00 0 41 3 3000 (1434 I'rnna 4a 1914 rerlitered 5CW 0 8U Pa ev su tH r(iooo.,.,.on7fl PuhlleSerrOorn nf v j e inno ft "44 :ooo HHlj iMv Con Ton its 5000... 1 on S000...I OOI4 IWU,,, 1 Oil At C Une rlt 4s 4000.. Dslt AO raid 4a llirent tf 4a II1V, Pen I13M 1941 irmo ooij 1000 H7141 1000.... na.i4 n A Ocv !! Indiana Steel S" Pin rirand'W 4s IOOOO H7S4 I0OO.l)Dls 1000 7 1 5000 H77H I00O... 1 no U, Sib A Iron M 5s fOO HR 1000... I OOO, 1000... 100 too hh S000...1 nota M!,A Iron M 4s rooo R7.V 1000,, . 1 oois' looo..., ,70 13000 H7.'l4 InarimaCopcvi 4000 7 1 Halt A llhlo 3'4a O.IMJ StI. ItorkvMt S 33000... oa 3000 nils erlincates llelh steel ex ta 8000,..OBIal f.000 73 4000... I 0(1 IBtli ,Stt.ASP Rs 1(87 Pethsteel Mri 0OO 0 734 rertlf.calea l.'.ono R734 17000 07ta 3000 :i(i3t .wj.,,..a , iainxrrnoroill rri- rlla stsmpen lllm ItaoTran Sal ta loaa I .1000 n7 20O0...1OU.NI 30O0.....0R ISealwiard AU4S 10IS . lono H77' iamneil lOOO nn.s,' 0000 OH I tnnn ' un I 47000,.. ..DO 7n IMerhoro - Mel Se!i'" I. adl 1 nn 1 n l.na 1.1 .mi iruax ,.nno (lll.tf , nnn . . , km . I . .... . ----- GOSSIP OF WALL STREET. liffeet of the Hevru. The action of the market for Missouri laclflo eeciirltles, followlnir the announce ment by tho proxy committee, was Inter esting. This statement contlrmed previous reports that Ute Gould control of the property raid passed. It was expectations of this development ostensibly that sent Missouri Pacific Mock up from 6 to 15 In a few days. Hut tho statement also confirmed other reports that the new IhtnreftH In oharffe of the property are de termined to brltiff about a drastic reorgan ization of the company's finances. The Intimation la tltat there wilt be. a heavy assessment Upon tho stock nnd a scaling down of the bonded Indebtedness. Confronted with Uils situation the stock did nothing, while the convertible 6s and forty rear 4s were frankly weak. Uto former falllnir from 46 to 41 nnd the latter from 47 to 44 on a few sales. Hut the stock, while It developed no dc clrded trend, erliaps showed hardly lew) plainly that the k'ood news of the pass ing of the Gouldrt bad been discounted and that tho dominant market Influence b.reafter Is to bo the prospect of an nKh,.HHnienL 1 Some 45.000 shares of Missouri Pacific were turned over within range of lewt than 2 points after the violent advance this -week. A big speculative Interest on both sides ot the market wis built up on the way from 6 and extcnslvo protlt taking by the longs was to be expected. The crreiondlngly heavy buying Is less easily explained unless tho market for the Htock was supported Intentionally. Undoubtedly n, stock selling at the level of Atop and threatened with a.n assess ment of possibly 20 or more, will attract a certain amount of liquidation. The only bull lolnt advanced Is that this assess ment may ba ixmtpuned for some time. THE CURB MARKET. Trading was moderatoly active In th curb market yesterday and prices, n. though somewhat Irregular, were In t a main higher. Kelly Sprlngflold Tiro j a strong spot, advancing to 87. Wli! 1 Overland also Improved. Whelan Uau. reflected little or no change Bterf Clum eased off , while Untied Cig Stores, Profit Sharing and World Ft were steady. Mining shares made fractional ad vane on more active trading. OH quotations fluctuated widely. .V lantlc Refining advanced 6 points to 6'0 Prairie Oil and (las ranged between 16 . and 470; Standard OH of Indiana rote ,; points to 480, and Ohio Oil and Pierce Oil each Improved point. Honds were very strong on compara tlvoly light dealings. Chid go and Nortv western 5s rising and Western Paclri os advancing 't. Transactions In detail In the miri.e ',4 'a U 1 US 93 6S 93 ,151 151 151'151.; I 0 12, 36 V, 291- 145 12; 13T4 12 ! 23 37 30 116 121 6 1 12 i 12 ! 1 ' 1 23 ' ! 36 ! 29 'i!5 4 6 13 12 9 2334 37 U 30 145 -- 1 1 S'jli, ; 89 89 .1 95 ' 95 ' 95 ' 95 . 116 117 116 117 ! .1 31 35 33' 31 . 51' 52' 51' 52 '.7' 97 ;07l IIS 118 118 ' UI9 109 !109 j 19 18' 19 1 8'. 12 52 Ml I 97 US pi'j is I 11 60 ! 24 1 93 93, 8 11, 50 SiO 24 67 874 12 5t 80 1 -4- 57 93 -119 ,.'137 .. S .' 2 .1(10 .'17s .. lis .'120 . ' .. .' 17 ;i 5 , '-! 61 .. 73 18 . 13 1 119 119 119 13S 137 137-i. 38 38 38. 2S 28, 2S inO 10n 10o 180 "177 : 177 lis US ,118 120 121' 13 1 4--i- II. 1 4 1 4000... I (I. '1.1 1 21O00 7 41n l.ivvi Cal naa A 1" Sa 1.000 7 41a So net T A T 3a 000 1)1 1IS000 741a r.nnn o78, 100(1 O 111 4000 7 43 Kn l,.lar v R CenI)lTel' 7 4i 41000 noli ilOOO WH-TS 1 ""t 74W 2000 II0.'I Cen fla rn 6 SOO0 74tj 2.1000. ""nola 7000... 1 oa"Va Inter Paner Ha 1 7000.. ".no. Is 1 Cen Leattier 1 loOfKt. ,, I o I 1 4 .'iooo ''0014 1 toon tiH.14 inwa irntrai 1. ,",oo,i.....onan 1 1000 0R7 r.orii',., 4 4.ta 34nnp''"j((tl4 , socoo os.t4 inno 441.4 anno!""pn:i 30O) OR7, toon 4434 l70OO.""0Pla :00 IIR I4 -lion ...4A1k Rn Parine e 4 rent I'arlne 1st 11000 4. 'Sioon Ra4 looo 80.14 JatiaiicaeiKaJd aono h:ii noon on 1 tooo no j-.ni u: Cent I'vlnelUa Jiin'.erman 4s -(ioon)""Rnl4 wjo H" .tamreil rotoo Rnis 1 nra a: i .ntn s '.umi ,w I2'.in...,,H II 1000...1O41J Kanrinsref V lP,Cloo..:'.Hn Ctiea A OhloP ,a 111000 DO Sn Parian ref 4. .ICIIO 110 1 Kail f'Hy So 3a )000 RRIa 40OO nnia 1000 117la f-nnthem nr Sa iooo 003t Lai ksteelSa 1915 :;eoo...i OOI4 cnii. :ooo... ini7S coon."iooan J.'.OOO 7:i7 14000... IOO V, llwy rm 4a .13000 74 I.n A MS 4a 1011 11000 7 .'.0O( 7 tla' -ifoo 9 IN Teaaa Co ev ! Ptooo 74I4 Llrreit A V r.m.i.....oOSa rsooo 74 1000...1 srtia 43000 '"too ta 24000 7414 l.l;rett A M '.a ,-,000 003 2000 74.1(1 1O00...I O 1 .14 17tlOO.OHIa .7.11a .neco... 1 (i 1 ia Thtr.tAve rer 4. 741a ' ni toon. "..R-jia 1 been npo... 10" HI. 7000.',. .7 43. The llo ml Market. Whatever doubts may still remain In the minds of eotne people about the foundation for thc.cunent rise In stocks thrjie can hardly be felt about the bond market. There Is no possibility of artifi cial humiliation here. It Is a big, broad market based on a constantly growing Investment demand. White It may have appeared as If tho stock market had shown the bond market the way, the re verse Is really the cae. As far back as tost November, when the stock market appeared hopeless, bond dealers noted a perceptible Improvement lit the market for bonds. Th-s demand vaH llrat for abort term securities of tho HiJ'slbest class. Later It was found that high grade long term bonds could be sold. At the present time tho market has as fumed tireadth and activity. Even nec ond grade securities are absorbed read ily. lite development of this demand Is as cribed to the enormous amount of In vestment capital that had accumulated during the suspension of financial busi ness lr tho fall, nnd which had Indeed accumulating for months or even .n-1 t Vfl.h U r.on H I C n A- o Inlnt inoo o'llj mux, .. R'JU .low n'a If"' 0:1 ThtrdAvea.H '.a 311O00,. .011 ono oilla r.oon 7R.1. Chi n A O r m ta M.anhattanllvij lnnon 7R7 eooo IIOV .tnnped 11000.....7OU iooo OOij 0o.i HOIj rOCO 70I4 Chi lug 111 4 Marlnerltr IU snnn. .. 70s, :ooo ii'iit hnV) iri.i. tnoo. ...itih "lot i; (::::;! I H W.oVw i ,nt? ?M that would nor. V ni rc (11 II rai t. -iimai ,1 , I nt.in rarto (a , .. .......... years prevloisly, combined with tho ease 1 of money. The buying demand Is ex- 1 fiected to continue ; nothing can now be I sen to stop It. Apparently the principal factor behind It Is that the economic waste of capital In war Is to be offset by the diversion of an Immense amount of 300n 7 I la Minn A St 1.4a ' 7000 Ofl 1000 7'i ?00O .4T3 WHO mil CM AStl'eA M,Mo l,ATof 1 is 3000 Orila hi-li la.ili-1 1 20O.I SI , 1000 0 034 lf.aooo. lO'J ,MnKan.vrea 4. P Pacific ref la -150(H)... I (IIm, 1000 70 1310.) 903 147000.. 1 0 7 70OO. ,.7Hla t'nlnn Paerr 4a SOO...I O'.Mh Mn KnnATea 2d, e,000...0O IS00O...1O'.' 1 1000 .17 I 100O.""oOl4 1601100. I n I 7o MnkATaflt.1 1nno. 'II lf.000... 1 oa 1000... .110.14 rn nusanl" tdl I Into The llnrrlmana. Of the railroads perhaps the widest In teeaT Is being taken In the market for the ltnrrlmnn shares, which advanced Urongly yesterday. Tho Street gener ally has been Inclined to thlnn less of the speculative poastbllltlrs of railroad CMAsiiOTniit'MnP.irlnvr.-.!r'i' imM.'....inia 1 f-hare-i just now than tho Industrials. somi...looia anno oota iooo ,111) Hut If there have been exceptions to c.v!?lp rV. .4.V" H" ,i"-lne';s'.." 1'C.'"....,ft3. I the rule the Harrlmnn .haren have hem !i: 0 1 1' 17 56 17 74 5-1 - n i;:i 73 ts 14 61 1S 13 26 116 ,115 lf4' tt' 33 1 31- 62l 73 18 13 26. 116 11 32 1 1 . 115 . 11 . 33 .' 11 15 13 14 .' 46 ' 16' 16 I 16 . 101 101 101 101 . 12716 131 I27'l3t . 12314 123 123 123 . 108 lOlfr. IU8'10SH . 12 12 12 12 . 13 13 13 13 , 57 57, 57 57' . 89 9"IS. 89 90' .' 35 36 ; 33 "' 26 I .' 56 56 , 65 ! 55 , . 23', 21i 23 24' . 103 103 :102i 102' . 104 105''104H 1054' . 21 21 21 ' 21 . 106 108-V100 108 ,'lt9;tHi 119'119 .' 17.' 18 17T4j 18; .1 S4! S5! S4 85 33 : 34 331 33 til 165 '135 1165 1C5 17j 17j 17! 17 23! 23 23 2.1 21",' 21! 21' 21 76', 77 I 76', 77 151,'l53ll5Hi'lu3?i 6 - - 1 1 1 .a; t.ooo. I'.w.,, 1O0OO... 330on, ., .'OOO. .. 100"... 30000... 14000... 1000... CMVMI limoo 1000, lnooo, CM A StPrtah 4a CA MV iteti I11 1000... 1 oata Ch' a- V W H.a noon h I Chi Kva la' 3a I nnn ...nillu Cbl ntAP UK 4- moon a 4 0Ua 30IK1 04la V S Huhhr fal'" """ ",r ' O M 1j ln I'arlOc rv 5a n .-,000 41' :ono... 1 oa 017m 3000, ...41.14 P S Sleet at a. O , Inonn 4 'l.'M 4i'.000... I O I 7q O1I.I4 .1000 4.'. ttlOO... 1 fl IS4 11 1- -m .cm.. .eno...ll)l I'nlon Pacific as an S per cent, stoik around 120 has been raUier obviously "out of line." The same can also be said :!!!!. !SiS:-:Jr4 VaVs"' ,UUKcuIatlve arguments one thing men tri tn I'ai'itVc 4. 1 toon H71. tinned tigalnst the Mocks Is tho fact "2i!!iv ,iI5S 1 3 . Lw""1 "4o ttm December earnings are now :"h OlJ "i ', v,Vh"-?B I overdue. The are eirpoited to be poor. nam 44 .."OO.,,, ,11 1 la 1 nut it 1.1 iwiievm umi i3ii monin s r. . 1 itl.-iiirii itui p.uVe li, b- lim t,li.l for fome time to come. Hefo-e long some thing may 1e heard of he benefits to the Southern Pacltlc from travel to the Pa nama expoaltlon opening next month. yesterday were as follows: Open- tilth, ltw. Cn Sales. Inr, eat, en. t AUaka Cold Mlnea 31 '.' 31 2tm 'Atlanta 43 43 43 2100 tlluebcll I'i o'.j I UW Blue Hull ! 11 a 1200 Ilra.len Copper M "S "i, , CO) DufTalo Mine 15-14 10-14 ti 1 3500 Canada Copper 1 7-16 P, 7-K -., 2500 Combination Frac.. 19 SI' HWCons Nev.tltah t, , taw Con Arliona 7-lt 7-1 S s 25M 'C 0 I) Con 7 7 7 2500 DU IJlavk Ilutte... t f, 414 4', CO Electric noat li t f.4 At , 100 Klertric Boat pf 11 B2 ti tl SNA Plorenre 71 71 4S ta 70 Greene Cananea .... 24 S ;4' .1190 rjold Hill Copper.... 3-16 MS M : 4 DAX) Oolildelil Cona l'J li 1 U-14 , 15300 tloldfleld Mener.... 37 41 2714 21 100 Houaton Oil 11 11 IP, 111, 5.10 'Inter Mlnea a n j TK Inter Hub tr ctfs... S 3 SU l nSOOJumbo Kit 1 V.i 17-H 1M 103 Kel-Sprlnr Tire SW4 KH 3f, r. 10i) Kel-Sp T n lat pf... t KXi st 11 l Kel.Sp T n 3d pf...W2 14 in in Ton Kerr Lake,... 4'i 4 4H 41. 1300 La Boss U-1 10-14 . t'.H) Rewanaa es n ;j 11 S0O1 Lone Star 19 11 It, , 271 Nat Cloak A Snlt... 47 4JH 47 4P4 32 Nat Cloak & S pf.. SH 7 ffi X 4" 'Oro 13 13 11 10A) Pact'tlo Smelters S-22 S-32 SIJ lit men niUer A Her Corp.. 7U 7, T, 300 Stand Silver Lead.. 1i 14, 1, is, IhTI Stewart Jt I4i 1M4 II' too Tob Prod pf tlU IS'i Hi; v, 1990 flterllnr Gum w 1... 5 3 l4 V, 2W) 'Tonopah Merter... 31 SI p) V too Tonopi.h Ext 2 IMS 2 11-14 yi, ji, M Tularosi (-is 11 SOOO Un Cic St new U U ' . 1M0 Un CIr St pf new... Ill, IP, til, v.i, 3H) TJn Prof Shar new., s", A jt ,-A) Weat End Con rr 7 t 240 Willys Overland M 9."i ;r , icon 'West End Ext 3 S'i S i, IV) World rilm 4 J 4'i i STANDAKI) OIL SUBSIDt 47111:9 I CO Atlantic Beflnlnr ero ta m 10 Buckere Pipe Line.. .. U P'. Continental Oil 231 zno 23 1 Galena Slrnal Oil !; 'P, 1 M Illinois Pipe Line.... lt-l 1.' ,1 Kit Ohio Oil Mm no', i 125 Prairie P T. w I iv) ITf. :n 1(0 Pierre Oil new 154 154 1M, Prairie Oil & Gas CO (-r, 1 1 Solar Beflnlnr f" 1 j 40 South Penn OH : :v I 1 S W Pa Pipe Une.. .. ljr. is, ir 10 Stand Oil of Cal SOS 3M jet 1 ?; Stand Oil of Ind 4tt 475 lie I 11 Stand Oil of Kan s:. T.'.. 1 , 2T, Stand Oil of N J 4024 W it 1 Si Stand Oil of N Y 'M 9'0 .'' 5 Vacauni Oil :tl 2"! BONDS, .WChie A N TT Sa.. ..lOV; 11', lfas, p,T.., 1TWI0 Weitern Pic ta 54a, 354 (; ri. Sell cents per share CURB STOCKS CLOSING. .( ftOJa Mah iTrr let 4. 1 3000 OOl j .-,00.1 H34 ! .,,-v.j,... .i.i.-i rertinrMea K'OOO 0O-14 3000.. ,s 111 1 ii-p i-, nia.l. 1 w. . ., . 1 Nat 1'li.im 5. ..OOO 0 21a 1 - i rn.' tr.. 1 i anal 4'4. .1:000 at 1000... 1 osi4 Chi WAP HIT 5a N'VCItv Vi- 1957 27000.. ...1(1 Mav Chi ItlAP ret 4a :.(aK)...l 047s 1000 7 I Vovemh-r Cr: AMI. im 4a 2000,10.1 3000 7 .Un N I'.y I' 1(1 Colnsonihern (a 2;ooo.,.0() 10O0 HV.Ia .N' YCltv 4a 1911 ron'iaai-a s- w. .1000.,... (I 7 Ru Tr ...iiaj,,. 10 ..11 liy la IW 2CI1.KI,.. 1000... 1 I ,11a :,0Od...D7 .1.'.0O0... 51iO,.. I I .' 1 4 N Y Cltv 4 1857 2000... MOO... 1 1 At 10OO 07 I2O00... K00.0... I I .', NVII-3'5(, 1!)',4 3000... 10000... I I .11 4 M11V 1000... 2000. . I I .1 IOOO R.I.I4 2.vm... 501)0... I I .11a N V Cas l lec I.l r.OOO... laiO. .11.1 1 4 llP.'.a 400O0, Hta i o R74 , K14 I R'a Rn o rnoo, lO'. 1000. tflooo, 2000. Willi I'TerSO 4 rertltlcntea 200.) la tVahaa'l eat 4a 13OO0. ..ail 700... ..an 3m:::;:S7o i" up further. l-a ai 1 Yeaterdar. AlCNl. Bid Wedr.eJit. Bid. Atliel The Lnudnn Position. ,aa ,a'.'"a 1!': .'."-14 8 7:1 1 1 4 14T4 38"i 186 11 3 17 37 I S7l 17! 60 ! 69 i 42 96 3174 134!l3l 13 13 1 1 5' 15 , 40 187 11 34 17 37 87' 60 l 69 I 42 95 ai' 8 T4 1 1 4 14 3S 136 11 3 17 37 12 i 99 121 81 23 12 34 73 57 103 62 108 54 22 5 t w2 17 30 63 3 15 6 38 17 00 69 I 69 42 I 42, 95 95 31 31 134 134' 13 13' 4374 42 43' 99 99 99 I 122 121 122 I S1 81 81 ' 29' 29' 29 I 13; 13) 12! 34' 33 :i3t; 72 1.73 73 58 I 57 1 3S 103 !l03 103 63 r-4! r.2! 53 109 108 1109 ' 1: 1 r 15 39 187 11 3 17 37 S7' 17 0' 2 55 1 3 72 20 H 36 03 3 15 B 39 54 22 5 I 1 2! 17 30 63 3 15 5 38 65 no "E 1 2 72 20 36 63 3 16 5 3'.'! 1 3 1 1 1 1 4 January I to Ttnl n.ilet to-day, 381,960 shared. Sitme day 1914, 767,8(1 date. 3,100,055. Same period 191 1. 6,144,655. Where n 'V followo a (itiotntlon It Indicates a bid or off.;r for 10 shares, CONSOLIDATED EXCHANGE. New high level!) were attained In the stock market on the Consolidated Fa chango, with breadth and activity charac terizing the dealings. The day's business was tho largert since the reopening of the exchange 011 December 12. The sland. nnl trtorkn were again uromlnent on the advancing side. Heading sold as high an I came a strong and active feature In the after opening at 151 and touch- afternoon, advancing optnlng iirlco was 57, Its low 67, Its high 58 and Hh closInK 67. Canadian Pacific, from an opening of 167, ad vanced to 168, but closed at 167. Activity was pronounced In a number of the specialties. American Can opened at 30, whlcli proved Its lowest, rose to 31i. nnd closed at 30. American licet Sugar's-openlng was 35, Its low 34, Its high 36 and Its closing 36 1.4. IJrlo be it..) '-j. Ine u low of 151. United States Steel opened at 52B4. sold 03 low as 52 and rose to 53. Union Pacific opened at 121, touched a low of 121 and ad vanced to 122U, Amalgamated Copper's to 23 si, compared with an opening price of 23 and a low of 23, It closed at 23 . Missouri Pacific was again very active. It opened at 14, declined to 13 and then advanced to a new hlrb price- tor the movement of 15. :110ml,.. I 1 as, 1000... 1 OTIta WPKtche.terl-.a . . " ' 5POo;,.l l H4 W NIIAH evnai 2000...IO'Jia it0 change, their minds CuPan 5a 3000... 1 0A7 wn Maryland (a 1 bldty of nelllng Amorlc 1B14 1 itnni, .. 1 un la linaai. IOOO 041b NYVHAHS'j" 13000. rumtiTel 5a 1351 , HOOO. lego 7 iiaw,..fc.n4 1 iuim no Pel A Hurt 4Us N Y Itya aitl 3a Watinri:lrv5a iooo...oo inoo ttitia1 :ooo...onia Del A mid ref 4a 15O00 04 4000 OUI4 IOOO 047, IOOO .141,1 HHCJ.ll31-j IOOOO (1.1 IOOO .14 PenAHdrefSai 3000 .14I4, eooo 44 12O00 .141a1 Trananrtlnna I'niin '!:4.1 P. M. In (,'lu.lnx. Armnitf 4Ua Urte lit con 4a ,OrShl.lne M?4a 5000 021a looo...H!l 1 ."'000 01134 At Coast Line 4a HiH A Man adlP Lortllanl 5a 4000 oota moo asia Inno... i 0 1 .14 PIAOcfl'-a III Cent (a I0.V! Pub Serr NJ fa iooo H7Sa rooo HOU looo 88.1a r,000 H71a HHnolaSleel 4'-a Reaillnj r ni 4a nethSteelf13a f.oon HBIa 2000 04tn 1000 R7la InterhnrollTrel Iten IAS 3a Itifl Ban t'n Gas tat ta 1901 ' 4000 1)y7 1000.. .10414 aooo 077. SlLAsr 3a 1927 CanaitaSota Imsa Central ta rtfa atamp-il nono.,,i 0:114 icon 40 itnoo :i7 !AOcv4i4a I.apttSteel3a 19V)!,Seab(t A La' One view of the present ndvanc Is that prlcos will rest around this level even If they do not react. This Is based on the theory that our market will have to clem up the speculative position In txindon car ried over plnco July 2, last bnfore It can How extensive Is UiIh posi tion In London Is not known. It Is also uncertain how much of It will actuaJly be liquidated when prlceit do reach the level at which the broker may sell out his cus tomer's holdings. Tho customer has the option of taking them up. The extraordinary recovery In prices here will undoubtedly cause many people their minds about the advlsa- ati hharen. .V -nnd IJl'imany peoplo on this side who got rid of (ilia I stocks In New Stree not because they nau 10 out necau.ie nicy iosi ineir ne-tas, have slues regretted It. The London speculator has tho benefit of ei,amplo fur nished by their mistakes. ANo the part that tio London market Itfcelf Is to play may have been over looked. Dealings nre for cash In London but It Is not Impossible that the market there may be. capable of taking care of a portion of the liquidation that does occur. Altogether It may bo found that the ap proach of prices hero to the level of the London position will renult In llttJe more than the dribbling selling of foreign stocks now going on and which our market has shown Its ability to apsorb. Ill aueu t,op. ....(., , -a '4 llrltlih Am Tob Ora.... ! t tv'i Jumbo Kxlrnitna 1',, t l, Kerr Lake 41-4 4'f 4'.. LHor n is., 11., Lehlch Valley Coal IW 150 loo Manhattan Tranatt i . ' Marconi of Am 2t-j 3(4 54 National Cloak A Suit... 474 44 Nat, CloAkASultpfd..-. t3 07 Nlpbtlnr Mines 34 iH Tobacco Prod pf CO United CIr H new 4 9 Yukon tiold.: , 2-n a BONDS. Dndetl Copper fts ISA 142 Chlcaro A Nortltw 3a. Miii iod'j Gov of Arrentlne oa rA)..too, lonl. Gov of Arcentlne 65 iB).. aoa, tri', Gov of ArtentlneOs (CK. 9U'4 tw-a Western Pfccltlo 5s 36t 33 41 954 ' ; l4 50 170 S 47 M e Ma l'W4 100', Oil.. l'4 31 't 109. lfr,' w 1 iv 4 354 PUBLIC UTIIJTY SECURITIES. i Keabrt A I, artl IOOOO 7." 1TOO 7U .1000,..(lHa4 2000 761a LA S All Knox 3000 oola Chea A Ohio A Cln 4a Sn Paetrts rv (a Rtr Sandy 4a Booo R7 (31ooo,oilla 20000 H37s Minn A St Lis 1 7000 003 ChlnAQcmla SOOO.. ,..47 'So PaclHc rv 4l 4000.. , -Oil I a Vn I'arinn eon 1.-000...HHI4 CVAStl' frt 4W.I RO0O,..lOHa Smith I'srldn 41 r.ooo ....HOialJIni'nrinrSaiK.'o iooo rinsa 4000 UOIa.ThlrrtAve ret la Mo I'acinc ev 3 rx H'J IOOO 4:i:VTh!rrt AvrartlSa NatlnnalTubeB.1 30oo...7OSia 3000 007HtI s steel at 3a N Y Canal 4'a 12000... I 0 I 7 0000. lORUa VaaallllACortts M Y lira adl 3a sooo .14 000 .14Sa!tem I'ten 5a IP00. 1 (I 1 14 1TO0... 10 1 3 Total sales ot bonds (par value) i;t,9t!8.0t)0 Chi ftva lat 3a 1000 nnu Chi n iap nu 4 :ooo a Cen Trut rtt 1000...34 Cuban 3a mil looo 04l Pel A Mud rv la.North PaclOn 4a 0000 0014I cooo.na34 SUB-TREASURY STATEMENT. 13.177.099 2,214,000 WKDN1WDAT. Paid y Sub-Treaaury te banln. . Paid by banka to Sub-Treaaury. , . Gained by banks en day'a trans action! , 111,909 PINCK ratDAT LAHT. Paid by Sub-Treaaury to banka. . .ll,H3,O0 Paid by banks to Sub-Treaaury... 16,403,000 tialn'd by banka. , . I-eaa to banks umt Mou week pried pre- i:,6s:,coo 3,721,009 I'lnalnic Prlres of United Stntea Hands A.Vad. Bid 2rer-.. 08 2a coup. OH), Isreg... 1 O 1 3s coup. 14) 1 u 4srrz ..IOUL4 Asked. I 001, 1 UllII 1 03 Hid. 4a coup, 1 I () I) Pa 11 2a r. Pan3a r Pan hs r, 1 O I ' pan 3a c. 1 u I 1171, SHORT TERM NOTES. Int. Ketut'lty.Itate par. flue. nirt.Ofter Yt'ld. AmalCnp...S M-S Mar. 1.4, 1915 100 ioo 2 H7 ATAT.S0.. 3 A-O Apr. I, ll(l 1004 lOO'-j 4 55 IUOI1H....44 J-D June 1,1915 111), 1004 J,(M llethSt. ...3 J-D June II, 1915 10)'4 I01 .1 to J-J July 1, 1018 tW"loo 3.00 J-D June 1,1010 917, ojU 7 in UUIynHT...5 CheAOHy..S CliAWIUH.3 M-S .Sept. ConPCn... M-NAIay I'.llelin... . 3 A-O Apr. Uriel I II.. S A-41 Oct. nileltll.,.. &4 A-O Apr. (ienlliibCo.44 J-I July llltAPHCo.3 M-N May. IlockVAl... i.(;auico...ii LSAMSIUt. LSAMSI1H.5 l.SAMHHlt.5 MlnGI!!ICo..n NENavCo. U NYCAHH..3 NYCAIIH..4'4 M.N Mny NVCA1III. 5 NYCAIIH..5 NYNII&II..3 M-N May, Palincnv.,34 J-n Oct. SoHyCo,...J P-A Feb. SonyCo, . ,i Unr-niltCo.a WestPoCol VSGi0i,,,4 I, 1915 09',4l001 1, 1017 9')'(, O7I4 1,1016 WO, ,11.) 1,1015 9) Wi I, IH17 IU1U 97 4 U0 1 U) 3 no & 70 7 on 1, 1913 10)',, 1001,, 4.05 4. 191.1 M4 B7 18 75 1, 1913 101 I0l,, 4 40 l.lUtH 9(1'4 074. 0.73 June 10, 1D15 4 '.'5 n .7) basla .Sept. 1,1ms irsiT.. oo4' 3 00 1, 1915 1007,, 100), 4.25 I, 1917 W J I9 0 10 1, 1017 irjaj 931, 9 37 1,1915 1001, 100', ,1 J 1. 1913 tool,. iuoa,.3 ?a M-S Sent. 15, 1915 11104 100 4 no A-O Oct , 1913 I004 loo'i 4 1,1013 117 94 13 01) 1, 1615 Mis0ril4 40 1, 1918 lH)lt IU4 S.U) 2,1917 l'S DM, 6,70 1.1017 100A. 101 8.4 July 18, 1916 90), 1004- 6.00 April 1917 90 V7M 7.00 M-N Nov. A-O Apr. J.D Urc. J-D Juno M-N May A-O Apr. M-H Mar, M-N May A-O STANDARD OIL QUOTATIONS. Followlnr are the quotations for the Standard Ull stocks-- Yeaterday. Weflneslay. Par. Bill. Aakfil. II 10. AH"1, Atlantis Hef Co... .1100 030 I0 600 010 Bome-ScmnaerCo 100 2en 270 255 2e5 UucLeye Pipe Line K) 115 117 113 117 Ctieaebroush Mfr . 1"0 63- "3 055 C75 Colonial Oil Co.... I'M '. 104 OS 01 Continental Oil Co 100 124 tJ2 226 230 Cre.centPlpeUue (M 40 42 41 a rmnberlatid P I,. . IOO 61 33 61 54 ISureka Pipe Line . ltu 730 240 J:)0 240 lialenil.SlrnalOU.. 10J 170 Its K,7 17'i Galena Mrnal pt.. ICO 111 1(5 140 145 Illinois Pipe Line, . 100 130 nu 139 lit Indiana Pipe Line.. 60 10i 112 107 u National Transit .. 25 37 38 37 38 New York Transit., loo 2.'tl 233 22,1 -.33 Northern Pipe L.. 100 Irt W 84 yg Ohio Oil Co VI 141) 142 1(3 14J Pierce Oil new 35 15 1B!-j UU 16', Prairie Oil A Gas, . 103 4M 472 463 474 Prnlrlo Pipe 17.1 ISO Solar Het Co 100 2ia ;ss 250 Isi .Soutlirrn Pipe L... 1"0 221 224 221 2?4 South Peon OU ... 100 2SU 2S3 277 2S3 baulhwrtt Penn..., 100 120 120 120 123 Stand Oil of Ca.., ini) sua SI) 300 309 .Stand Oil ot Ind... IOO 470 473 467 473 Sland Oil ot Kan,. 101 334 365 3(3 366 MandOllotlty.... 103 'iSS 230 255 260 Stand OUof.Neb... 100 313 340 330 S40 Stand Oil of N Y.. 100 200 sua 19a -oo Stand OU of Ohio.. 103 130 ( 40 430 433 SiaanAi linen Co.. 100 16) 170 160 170 Union Tank Line,, 100 as s7 s 87 Vacuum Oil Co,,,, too 2() 303 l0 202 Washington OIL... 10 35 40 j 1 40 Asclii-Am Oil Co.. i.1 144 13 lis; 15U fitltnd Oil ot N J..I10U 401 403 399 403 Sutiald "en liloo". . ., 925 Vis 3 O old "all on"... .. 1320 13)4 Bid. AaVeit American I.lrht A Traction 317 370' American Llrht A Traction pf 10a 1 10 Adirondack Electric Power 12 15 Adirondack Electrle Power pt 41 4u American Gas A Elrctrlc is 9) American Gas A Electric pf 46'-j 44,1 American Power A Light an c American I'uitir A I.lrht pf .TJ e American Publlo Utilities 30 o American Public Utilities pf 84 07 American Waterworka A Htectrle 44 AnierlcauWatrrworkspartlclpttlntpt 15 II American Waterworks lat pf 49 ti Cities Service 40 411 Cltlea Service pf 63 33 Colorado Poiter Company 12.4 Colorado Power Company pf 81 '3 Commonwealth Power Hallway A I.. 6114 541-, Commonwealth Power HAL pt. SO "t Denser Gas A Ulectrto (en 6s m ti ElectrloBond Deposit pf 36 '1 Ulectrto Bond A Share Co pf 97 :( Empire Dlstrtot Elfctrlo 6s. St 70 EmplreDlstrIctEletrlopt,....,M... l'edersl Light & Trantlon ta ' Federal Lliht t Traction pf. 47 H Gas A Electric Securities S3 '. Gas A Klectrla Securities pf fi Lincoln Gas A Elrctrlo 16 Northern Ontario Llrht tt Power. 11 ' A'orthrrn Ontario Llrht & Power pt... 61 H Northern States Power Co 19' i Northern States Power Co pt. 79 hVi Otark Power A Water w fl Pacific Gas A Electric 42. Paclflo Gas A Electrlo pf s! '1 Republla Hy A Llrht Co 17 ItcpubllaHy A Llrht Copt.- 014 ' 4 Southern California Edlaoa. 73 Southern California Edison pf 81 v. 'Standaid Gas A Elec s Standard (ia A I'.leo pf 17 S Tenneksee Ry, Llrht A Power 74 i Tennessee Ry, Llrht & Power pf 35 , United Llrht A Rys 4j United Llrht A Hys 1st pt (a United I.lrht A Hyt Jd pf 644 6 Utah Securities 13 Western Power 1:4 " Western Power pf ti Par value, 160. IBx dividend. RAILWAY EQUIPMENT BONEc Near City Xole. Int. iterotlty. Hate, pay. rius. Bia.Of7er.T1eH. NewYorkO.,0 M-S Sept. 1,1916 10V toi" J.12 NewYorkC.a M-S Sept. 1, 1916 103)4- losii 3,14 MraYaikO.. M.S Sspl, 1, 1917 la4ilyMi.,4,(s (The followlnr are quoted on a percenter bail;.) .Name. Maturity. Hate. Bid Asle.l Atisnllo Cnaat T.lno. . . . 16 lt-Jl 4-44 aauimore a. unto iwia-j BuOaln itocn A Pitts. .1914 .14 canauiau I'aeino idihi C'hesaneake A Oh o .... V I- 7 uniraro at ftnriaw n ..i:iu-jj .1916-24 1922 1914-24 1914-21 .IUI4-2J Cblraro Ind A l.oulav Chlcaro ,st L A i o,. Del A lludaon Erie ilallrood . . . llocklnr Valley Ullnola Central I.outavllle A Naah1le. . 1914-33 uo itsDnaa a -reias iuH-:i Ulaiourl Paclflo lOH-'.'J N Y Central Lines 1913-2S Norfolk A WMtern.... 1913-21 N Y N II A II 1013-21 Pa Gen KrelrhL 1914-23 SI L Iron Ml A Sou - 1914-24 Seaboard Air Line 1914-31 southern Hallway 1911-24 Southern PaolSo 1914-23 VlrrlnlaaRy 1914-19 44 44-3 4U 44 a -j 44 r, 44-3 4-4 ,4- 3 6 44-3 ls 6 4.44 6 4ti-J I 75 CO 4 l.i 4 ' 4 4 aa I f. 6 ",, U 4 IH I 'J' 1. 5 i", 4 M I I" t ,5 1 a: .. 10 4 ., Ill ' ') 4 ;o 1 1. 4.75 4 6 r. 65 i. . ' li AO u 1 6 (.) (' 4 73 '' 5 23 o J" 4 TO I t i l.', t :v 5 CO t. 00 4 1 I III ' S.'.'O t 'XI FINANCIAL NOTES. Oeorje P Davis, who re.iehed hi flft'e " yaar of service with the Mechanics and Me' als National Hank yemarday. wa called b fora the board of directors to rceT b pur and a latter of commendation for his ttVn tu! Tirtsrramts of Sutirs. isMIwiWsIIS'