Newspaper Page Text
lo. i.i Building An Income like constructing building, should be accomplished with different elements on a sound foundation. You need vol ume of income in addition to dependability. Then too you should provide for emergen cies, with availability of at least a portion of your prlnci pal. Our large variety of carefully selected Municipal, Railroad and Public Utility Bonds yielding from 4 to 6 enables us to provide efficient use of Investment funds for experienced investors. Cor respondence solicited. Gtntral circular stnt on rtfuul N. W. Halsey & Co 49 Wall Street, New York I'tillailelphi ' Mraao . an I rsnrlaco Huston I aititnnn St. Louis FINANCIAL REVIEW OF THE PAST WEEK Mlnlmnm Prioos for Securities the Only Artificial Element In the Sltnatlon. TTME TO REMOTE THEM Miami Copper i M P R O V E D TRADE CONDITIONS METAL SITUATION NET EARNINGS Send for our Special Letter "531" RENSKORF, LYON & CO. Mmtri 1 Nw Yo rk Pto.-k I rk Cotton ork CoffM (jr? Hoarl of ', , hang. Trade. 33 NEW ST. Pffiaog) NEW YORK Bonds for Investment Municipal, railroad and public service corporation bonds I tat up, trrtte ttaa Harris. Forbes & Co Pin. Street, Carnar William NEW YORK Atchison Adjustment 4s Stamped Registered Peoria & Pekin Union 6s and 4is Mason City & Fort Dodge 4s AND (lTHKtl ISSUES DRALT IN F. J. LISMAN & CO., Iiembeit ol N r ri Chisago stiack Kxrhauirrs .10 BROAD BTREI I. M TOICK E. W. BLISS Common Stock Inaviriet ntitrri J.K.Rice, Jr. & Co. x::x-X':-x::-:-x-:-:-:-: 5 Benjamin t 'ranlihn toys: y"He wkl multiplies rithtl, . multiplitl cart' I ATI niiwis last autumn dl"onurairr ment was tho reward of every Attempt to agitate th question of reopening the Stork Kvchsnse, Tt ws not nn'it fow days b.fr th qualiflad reeump tlon of buslneae In tn omtitry s pi mary aeeurltlea mark! actually Hint ;u h a nesrelopnien resented as cones! vabli if stock Bsehanae reeutnpllon hove been considerable, ri has played a largo part In farllltaf In the rnuntry'e move ment sway from 1 1 1 e extreme of pimlo ilaniaaalnn and has contributed Its ainire to the establishment of American financ e In a atate of international aaCStldfTKJy. Nevertheless It has to b racognlggd that rh. r"gorRt1on of ilie open et leurltlea market lie. been but qualified and Incomplete. It Is not .. free market and oannot b. aa long as :t Is based upon the so-called protective minimum prices Instead of manifestly upon the , foundations whloh always havo to be laid In any financial eeojiiel to pAnlc dls- ! I turbance. i There Is no more encouragement now ' for the proponents of an abolition of ; the minimum prices "hsn there was for I-,..?,, who few months ago eusseated the reopenl'K of the Stock Bachailge. Yet the question of a removal of the ' iiinlmiiins deserves consideration from i every ansle from Which It call be re garded, The enancea are the f the' step were ... tuatly taken It would be found an easy thing to do In the same sense thst It wss found easy to restore the open set tirfles ninrkot when It seemed difficult, n,. . mrj aa II waa to .-lose the Htek Bx change last July. It win etlll nmro neceeasry to end the stock Mxehamte suspension, with the restoration of the seeurltles market the return of general confidence was promoted, eve: though the growth of confidence has not yet been sharked. Desirable as it was to ptll .in embargo on gold exports in the neiite phnso of the panic crisis, as soon as arrangement! were made to settle the country s external debtJ tn gold a tendency waa set up for gpid to nwe from all over toe world to New York Arguing from the dlsoover.es which we have hern making In the wnr. "be nvst probable consequence of setting the . ountry'l securities ninrkrt absolutely free again would be advantageous to our economic Interests. part from more or less meritorious upward movement! of various IndtlB" tr.nl stocks the seeurltles market Is. ks anything which can ba described as a trend. Whether or not the level of ' quoted values Is warranted by any esti I mate of real or potential values, the meanlngleasneaa ( prices is nerally ou I properly be aserlhed to the total abser.ee of any of the customary satlefaotlons I which' the market affords as to Its pn 1 altlon. This In turn could hardly be attributable to anything else than the Interferenee of minimum PflcOB With the 'ree play of the forces which .ire bound to operate sooner or later. Making due allowance for the Euro pean war and all Its hazards the great est element of uncertainty in ttv- securl ties market Is denoted by the minimum ;.r eo obstacles which have prevented any proof of Its leal status. It Is alto gether likely tint if t:.c mlnlmuma were i removed the tliiari ial markets would provide more Inducement to activity ami a ore itlmului t- ggnaral buatneaa, even thoujeh there Is no ground for aasumln tout th s would result from a materially i lower or materially higher level of 1 quoted values for securities At last tha ixmdon stock Exchange, with the consent of the British Treaa ury, hay oeguii a aownwaru revision i minimum pri ces In w.oit WHg before the war the world's primary market for se em it es. It has even gone so far s to make the protective level for Amerl" an seem Itlea the same as New York's. If London can do as much as this In lit terrific strain which the war throws upon It, why oat. not protective prlce be altogether gibollahed here? The usual answer to this question :s t' at minimum prices arc doing no harm, but aro the) not? Ktoo.k Rtohgnft. Nor Is It believable that the Stock Bxohange could prjeeed to Institute a general reduction of mini mum prices under the compulsion of necessity after the experience It hae had In making special reductions under com pulsion Oh the other hnnd If. 1n emergency, the securities market were free to a.-t as securities markets have a'wa'.B goted In cmcrgem-lee. ail experience iroes to show that It would handle Itself better In ttlo otidltions created since the war began than It could possibly be handled by any arbitrary attempt, at r. gill it. .ti or control. More than thnt, If the market were free rrom lestialnt ir advance of emergency, ir it were allow, d to discount noselble or probable gdvsraltlcs, the eonfldence with which finance OUttld face Ihe fUtgN WOAlld be materially increased. The rl?ks of acute disturbance would be much dlmlnlahed, bill all the While the experiment of mini mum prices is OOAdUCted 11 constitutes a species of VatOMglng Which must be detrimental, tto Tglorltlng schema havi ever prevented economic law nun having Ha effactl In tin- long inn. eft," is took place 1 usually intensified by obstruction, was generally The benefits LAST WEEK'S BOND MARKET. . Low est. 71 its S4'4 Cloe- Net ttll Ing. Ch. Hlgh.Lew. 70 IV 71 70 iss "i'4 PO' I loiu '4 ISS US 4 S4'j M "i mj't tn'i ' 101 if ..... , I0VM imv, 104'. UN 1 14 S 7 4 3 3u 49 ISO PllltS, l ,, Innsrl I Itle Appnh, Ing of Seem holders are tm far as Mump, been lluul.lati Which tre feared. sloes of a cataract of Sell by forclgi or domestifl longer warranted, kJo in coiicertied there has i of American Invest ments, and liquidation will H" on. oi- ii, rs is ph my of accumulating evldenoe that tills has no terrors. We peel to Impart MOUrltleS In quantity to make up for our diminished tndo imports and OiTaet Our hugl trad, exports'. We could not possibly do better Ulan tnke tacit our own (-ecurltlee from abroad. PUf. elgn loans will nevr stsnd so well In our Rat r he t S as tho securities WtMB represent American values, and there will not lie much American money whl.-h Will fii 'I more than temporary lodgment In eqnit'es In Dutwpe's post- bellum fntur. Tho trouble with for elen holdings of American aecurltlee Is rather that they will be relinquished almost tOO slowly and too meagrely than that they will come at any time too rapidly and In too great quantity Our foreign i redltors. If we may call them stinh. have exh1h!td Increasing reluctance to part with their titles to We ilth here. The darker th. stuiatlon ge's abroad the better Amerk'an tnvea' mentS will look. Our securities Will come back from Europe, hut they Will come back very unwlll'ngly and only In part, slid even at thM Kurnpean oapltai has been taking refuge iero for tew Investment, and will week asylum In ' irge 1 quantity as tune noes on. I he f..relirB SXChange market Amer'can dollar cotnmanns I nremlum, Our foreign f ade a the bui .line U S7 nil in 'ti BJ'f 04 DIM oa-f lit'.. tM', ni a? S4 7l 01 S'4 lO I frr i in f voif Si -ii II1M 150 High s1ae eat. 4 AdnmrI4s 71 t Alssks ; M rtfa full pdlSI ArbASuum Ntf fl An. Agrict h rvfrt. tnn, ion in mCotO4UP01 , ho'4 m AoiHALSI ioa 1(0 as iSmSeg s mi", i"i tm Am i a i , v 4',s atH t HH - l IWH M 11 Am T A T clt 4s M 1 Am Toll is IX ( AmWrltPI. e"'. tosArlatil ii armourfltt MH AT4T v 4 kix ru'(,ov .Vs M r At .s i rv6a 101' i T ft S f cv 4a . S I ft S F cv 4s iiiso as T ft ti t u ii I- . W i 6 ATA si icn is i, HM S ATA si ,,(14 BJ'f II I A.l si 4as'.l . M' 1 ATASI llati OU 4 SI s AUCLina 4a B9'4 2 Atl C I IB col tr 4a S3 HAD g"l.la ssf M IlAOrv 4i5a S44 7 b o pt.es W V 4. 70 28 IliQrn . Off U li ft o :i w .Ufa MH I BAO s :a r - J , S4 netu sn m i"4 IlrthMI Mi Sa . StM 7 8S S hifttAvcn tOO 100 100 7 ptmClty tati'iOA 10014 kw 4 niiT &a .10m 1M IWM ill BRT Is Itlt StN aM "OH 100 Hit s BkatTRI tatiooM uS iotHf toi'f too 0 Hknt'lll tst std lootf ino f locef 1 , inrAfj SMI Bknfiiaa 1 103't mi 10SH - H 10H iOS 1 BCKftNcon .i m tm W M SO ralOna A It Sa ,., eiVf niH MM - N hi 3 Can Ba fe !"' 101H 1014 - t'1' a MUM lorenPTetBa 11. i'i in, - 14 vs'j 0S' 101 H so ""'t Ss ! KCSn rf SJ, li, t.oe.-- tTlol N est. Ing. Cttl :Oif 4I1 IIII 1 t llll 1 I w I ssn ffa 1m. 1 Usl.ssh-,1 ini. e.t. Hlf ItKanctoN 071, i.7'f n74 't I7H II Wabexfi 2s tf ?4a Lk MSII .s 17 WabetexRq IBM SDN on ti m so Trctfestd ll! 51 .'t I LaeiaaiM.toi i"11! 101 ' i"i IW!I WabTrrex, si sf, M ILaciUaaol IWsshTBmiHa M". si, ftlLrfglsMI 101 toi 1 1 101 :i I Wests Uleg i l.rAtv is- : I.', M ns'4 or, lots, 191 no t7 t.sAMsis.'i in", 1111 sti 14 :n n BJ WejtnMdM TI mf to" :'t UtatMf4sll BMg M Hid Na 7 WNVAPl I t,Nai)Wjl M v I .Ts 3 'ti iOIW IBt! HUM II Ms A M 71.1314 IIIH IJi'l III!! IW 2UNVAPS II LIB A M IS.IOOM MB 100 l"- m'-i ! IStill 7.','., 7' '7'j 1 1 i,ru- m , mil nti 1 mi ib West sh n. m iuis m r;. Nil -1 1 r. 1 ing. Oh.HIgh LoW, ! Mi '., 4i ss ; -t'j 31 RUJ TRANSACTIONS FOR THE WEEK -Ui Si as S1, 19 S.t ll, or Haltroad and Other Bharw.. Te foHoWlng inble g!ve, f addition to the salts for th past Will and ra.r,t, stocks on the New York (stock Flxchatigs, their dividend yl Sa at t!i .., 1, ioiai ion - H tl! m dafes calculated on the closing sale 8 file. hid prices on BTldSy night; letd, I I09II 101 4.SBJ llt ;, fC'f 4 if nii N Mi '.'la r.S1, 00 BJI4J- ' aj BM 184 .1 ,s 06 I'll 04 1 of M 101 . , 101", lot oMa '( 'D ft'i 00 ' f Bl MN "1 H ti'i am ' 'i 01 II 7 i, ai 1 n 10U ; M at -1 TM W SB - f llll M m si s:"f 714 M 7 DII4 14 WJ1 01,1, sf i' S7H ii 'i i sen Mtf 100 tot leaf 1 1. ial gen 4s. il II I.A'.atl. ISUM . LAN n " 1 1 3 LAN goMlelol 41 L A N la m t.ft N Ml K ft 1 'III 4s . M4 1 i.av pentA ,t (. ins II laANHtLBS si H Msrlnc .11 1 s . 34 IS Marin- r a elf-. . IM ki Mti hCribH a Id Mich 1 a -a noil e MI. '-A V r HUH 1 Mil A N ran 41, a tnoi 10114 no4 i' S6 lOKgtlOBM ill ill lOS'f 107 oih om aif ,sif 1071 1 in" et 4 sni. 10; 101O4 III ill IN i",- loan 1; 4f 01 as-j s,-,'f lOSSf pi7ij S Wrstsh 4a r M 11 Weal 1 11 a on S7i.j MS i?M os' '! ItM H nil 1 si si Bl 34 m .viif fu BJ MTf 7Hl SO ,lf m'i 't "411 '1 II WfStL'nlltB 1111 oo'i I1414 vj Wi 2o ealRtioaae UllcovBj SMf ft onif - , in Sr)( t WbALCtntOO 100 PJ0 I too too 0 tvh a I.Ron is as s& so - t n ', it Wla rent la mi n si if s? si'4 0 'laOan s.ip Abulia. SS ait 4 f It1! Ht a 7"' 4 I04H ioif I -, WMta 1014 tlnnd Stall's. I.aat waak, 1 1 I ,BA8,010 PravlOBI week. II K.44 I (100 Jan I tOdat. II 3g,OB0,OOO, Same oerlod, Mil, 1 1 VB. 1 60,00)0 I eil r :o ilays fist 1 1 OH 74 4(1 (14 a II M A M I 4 M , tti pa ran 4a. I MoRAF la 01, H MoKAT M . ;"a i : k a 1 af 4i,a 71 I HoRATM Si4 t MoK At' f.l Kiki 47 atoPai eon too'f MO l, I'WVl, lo044 80 Hi THE CURR MARKET iut onVf OS'j s- - m i, ps 1. j Transactlooa last weed iv sr.. 11 71 nai4 MM If sVf asif Hl-Osf 014 if 101 too4 10IH tOOU onif OS' 4 44 uH4 MM 0214 s4 4 -14 MVf - ioom 'H 4S14 OlVf ai ye If '4 "I 74 SJ) '4 BMf H IU If ww4 if osm ' 0'f MM HM S4i 4 4 411 If oSff SSI 3 aH ITM 41 4-1 00 individuals who wiih to he '. relieved of the care and re- Odll frflflelnl I "let nr. lions. ul. In of Condi. av otlo r pari : I conditio lols.ness the I'mtrd A relieved ot the care and re- f, 1 :u:i;... r .u u v aid iiiiunc a ,Mioiiti,.iis m toe 1 n leu Kipeniiblhty ol managing their buii-2 . !: , r.tt ractoraoi . X nets affairs this Company offers ita ' foreign or domes! TI nly iri ' ,C J elemenl m the situation im pre" aclj the ,5 scn ars as ngrnr or Lwnaiart, S Send tor our book'et entitled S IS "Cuittniai hp of Real arj Pr- '. I onal Prop" t." X s, x the world figures f colossal cred its abroad by a lengthening series or record breaking monthly export balances. k ki exchange in the past week seemed to be moving more In our favor thu even an.i ourrenl reports of the country's external trade show that, despite all the novelties of maritime waif, re, hS unprecedented volute- of our shipment! ol goods and commodi ties is sus'alfied. Aa forcrners sell back to us the American securities they UWn e 111. .re they Will lnsltre B con fi, un'mi ,,f our exnoel tiade, for the pi ,is of sucii llquldal on will not be remitted In gold, but r.nls. Wot oaljr Is then- no tendency 1 ow for gold tl leave the ,onnfry but Ihe metal nn not be k.pt from coming 'ore .11 se-tie. metit of the debts which the rest of the world Is contra, ''.Ins With US, All the protection the securities mar ket needa against foreian liquidation '-s furnished by the International money market and buttressed by our foreign trade Furthermore the poasibltltlea of heavy liquidation for elfer foreign or domestic account have cniv lo te com pared w th the banking iK!t!oii ,,f the country to see how little eaiiae there la for maintaining the securities market In an abnormal condition. The vlslb'e lending power on collateral security which the banks now pOSSSSS la .lines' Immeasurable, and under the new bank' ! 11s; system II Is backed by an invisible powi r of credit accommodation wtitoti oannot be calculated, l"ar more aecuHtlea than are at all likely to 00 me into tha market lid iw abai rbed tn bank l, khis at Impregnable prices, and In ihe last analysis if tue a.-ur;tls lnarki't, In the wall stri ct phrase, wants to go down It cannot lM' held up forever by artifice. If It wants to go mi minimum prices, i.n suggestion if nothing els,, are a hauidlcap, On any line of reasoning II i!'" market should have to deal With It large and excited decline from present qurtatlons reltound would be ae-urc.l N'o Investors would be hurt and the tsiiik ng (H:tlon could not be damaged Against the like lihood of any severe or protracted de cllm there ate not only Uie ample fa- Uities for the purchase ,f securities Whlci the motley market affords, but the urgumenta from the country's long tango p rus peel for business sxpanslon WOUld even now make Investors and ape uia;. us welcome .1 chunce to get stocks and bonds at any substantial eon" cession from current figures. There would be no gtiln n a general I,,4.riiig of minimum prices II I" me theory of the mlnlmuma Itself which is is i I.ihr N Ifjaj 1 CenOscn MIOI Ul CSBtPat lat S714 2 CPao BL 4 a s.4 a CenPactMa MM MM MM I Oft A B 0e (ia 5. of f24 IB OBRofNJMtUM "H 1I4S 1 Cent Hit N' l frr . 114 114 114 4 cai la io'i lonu'ios'i 1 Che. A O fd St4 't 1S44 07 101 ICBM 101 '.f 4 tf H ss as -t S7 at KO S7'5 01 ol'f Miil'l tllM if 1U 104' 1154 1 n:1 4) 04 04 M -S B t ii cao 414s e s ss a. 14 01 tstf t co rv 414. 7t 71 -a - 4 raif 70 I C4A1I Is 67 S7 t,7 11, 0 V lCHvr4s oat l osH- s os paf 215 CBftgJnt SJ 0SI4 HI osM oe MM osn oaif 0S4 ss 22 CPAO Jul 4. reg MVf 00-14 as 11 CI1AQ frn4s 01- 01 PI f 13 CBAQIa 4. ta MM MM 10 nifty 1 sme Mia MM (OM i'4 2 tHAy la: IOOM I01M l":l 1 ( Iiftyll 4a I441-, MVf 4 tf 1 CBAQN'Sb 4 aelf 14-.44 ie4 '7 S3 ci.t Ann eonss ..101 01 44 IIS jasCAPlja "1 "l4 MM HITI 3 ChAOtTT 4a n St so -1 :s4 is ChatiiAPul So. 1 n.l 4a IB! 1 ae C M a st p 1 Al".V,"Si in4 iil'f ln4 Sao C UAStPev is rota f p 1014 i"m lctif 36 CMA5tP cv 41 a os4, oa ssif II C M A St P mil oo4 08 SO StM aitf in uoPaoaaK) t 17 UoFae a a psi4 n UoPaoovM 4' tf Me Par 4a 4014 11 MoatPewM oiii 10 VnrftR "4tf as NatRnsmta iCif I 1 NalTtibaM osva 0 NTAtrBrakt rvd , , , Bf ' jo N V canal 4 ii 1i.f j S ?4Yres1 4 issi lootf a NY Canal 4 Issn 071f 1 804 N V C db Sa w I 1014 10Of 1 i0a H 101f KOSf ' U N VC da H SMf as 6 i4 S S4f loo .wren fa 704 70 IjH H 14 7o 14 NYCLHSIf. 73 78 7a 7S 7t 0 N TOM 0 SifS 71 71 71 4 MNYOaMLaalBM w y2X s NTCaMaei.ioiM 10M imH a KYCtty 44t iw,7 May vah ioH in4 It KYCtll 44 lof,-. Mot 104T4 10414 114H 1 ion 1114 j KTI Nf 'f 1017 May lei 100114 101 4 101 P11! tea NT0IIJ 4 lsflO . 004 wHf P4 - '4 Ifa 1X1 Y C!t 44s 10S4 Pf '4 .'Ai 44 1 KTC a low ps f ot, 4 or I NVi"1tyt4 1064 SS'f t NTCIty S4t lPtaMai- 4 is NYOaa Bl b Xf 1 f 4 110 l"4 lrtf I00i 44 4 1001, 07f oo4 poll - if lon4 W4 14 71 70 Pt4 02 M I0t4 1"! 4 10S ICS's In detail It .is follows pen 1 ISaJa. Itif M Am tirapliopbone BJ 10 Ani Grahpo pf 17 .. . Am Thrift S pf w 1 14 1(":i "Atlanta .... 41 MM Bluebell 1 417ju Kriwlan (loppv. . as (70 Bnt Am T art I law 9400 Bane NT 4 ereo-i CaahtMy 74 BH "Cajlbou CobsJt .. 4t 44VI0 Coua HeV-tJlsA.. , 4 1000 Cona Arliona. .. e-ta xa "COD ten. ,,,, 4 asnm "Ilia luank Biaa Dome Mum. "V mo KI Paso Con 14 fl kijtoiic. a I H QoldfteM Oona . . .1 11-14 laBN OokUaid Meager.. tN tialtlas Ponoipah t7 IB) lnier Hub tr elf 7 101 lular Marc Mar.. 1 loor. "Int-r Mlnea BJ lore "Jumbo Exien . ... 1 J 446 Kelly Sprine Ttre.1114 the msrke' asvj asi4 aa 44 1 IM .... 4 I si ' M'f s'a , ml r s4. MM Ht4j rrtf "74, on a? el ii' 1P'4 101, -3 1014 toil 1014 1014 f a iuhM taas I Franklin Trust CoMpanx Nnu Ycri Ofil : 41 Wall Street v" fircei'r" i inn Montatua Street i 00). r 1 1 6q Fulton S'iret .4 Trustee for Personal Trusts mib. Avcoae .od it 'oh St., Mew Tori , BSTOVV- jja iNconeeasTsa (iissi 1 1 im, i4ii, I If I I Ins i.m.in II l(- I III 11 1 HI II ti I'lliil'l 11 111 IIMM I II AMI M S 111 II til I'liie -tree!. Ni-u 4"rU. lirlc,. inlntmuni placed under HecUntli In the degri4e that th s gives the SS" curltles market an artificial character it infallibly checks the How of funda through a great ileparttnenl of the I money market, if this is true th' bet- torment of general bustnesa linmedlmel) or ultimately is Impeded accordingly. The movemeni of liualneas depend" on 1 forwurd enterprise, and the spirit of en 1 terpris,. seeks us first cxprssslon in the securities market, where capital is ran del '-.I liquid or prov iIim! To anybody familiar ulth Willi Street attitudes In ti cut weeks, them can I occur no doubt thai dealings In sea'urltlsa liavs been hampered by minimum prices. Investors and traders have seen liow the necessary lowering of tnintmums works when rsduotioii lsjN,ome n ne ceasity, The possibility of further ro vision, part , ular or general, is an ,. VlOUS restraint on purchases ami sales fir any kind of account In the larger 4'lSW tile possessors 01 securities and the possessors of funds or, kept apart by the unknown iiuantlty which mini" mum prices connote In 1 ' stock market equation Taken nltogether Ihs mini I mum price Isvsl has made it Impossible !',,r ibe market lu put Itself In shape normally, to make a complete aii.tusi- mnt In the circumstances ,,f the Kuro- war an. I lomninii lotlueticeH at at fault. Halfway meuaures am av ill. The minimum price level economic abnormality, and the t do awai with II is when, ae now is mi or insure .,n the nilnltnutue. could liol ! II better 1 1 111 presdllt, and the eft. ! of mlnlmuma would prol dil rltoi k of no 1 Is the mo to t here There than lie abolishing tha 1 b Identical III Mill lll.lts of llll MKItllV Tl HI'. ISill MTAMPIKQ COMP.tNV IlKsl Mi, llll. Vi. I. - B0-YKAH ClOI.II IIOMI-.. litTKK OrTOHKR I. IIS'!: Th' - i" to certify that In accordance with h. t'list Mi.rtitHge nr llert or lru-1 ,,f f HH AMKHU'AN TURR ANI STAMPIM1 COMPANY t ..loiiiH.; Trust Ooinpuny, aow 'Ptfll HQ! tTABI.K TftlfBT COMPANY OF KMW VORK, as Trustee, dated Ocle t,er lat. Iiiiii'. tha following sotnl Noa --. 111. HI, III, 111, III, .-. Ill, ! I and , hava tbi clay. February 91th, llll. sf III ofll'S of fsld Tha Kqultghla Tnmt Com' pany of Naw Ye-k. t"1 n deslgnateil fei r 1 tiamptlon at lllfl and .1 rued nil-"est en ins flrat lui of April, llll, up, 111 preMllttf tlon ana the sui .....i-r tli"'..,,r, v, oh anpali co 11 pean horn,-. An atari ii the Kuan ot American business is h mum prices are a lillidrsili activities, No matte ullgnnienl of iuitei required, one imsin pi os,,,-, t Mould Im I constructive fHetors . be eimihagtged, inerclnl lni'reslH ties niurket, in lioilllc INHIllltlollH, adjust iiient lo th, certainties of Hi forward movements il markets, recover! Ii red if mini on financial lllltll t ie 4-ff OT MO, H l. oai.Ke t. - SUinptlOII last IHseml,. I . There Would be a breathless Interval ol uneasy un llclputlon a d then not 11111; would hap pen. An,r that the financial community would have to reckon with values only in familiar terms, for which preced, nt WOUld b, a safe gilhle It might be pointed oul in ooncluslon thai however llll II i lull tn prll'VS operate, in particular nusse Un minimum price level a- a whole is a general protection onll as long as It Is no; tested, Its retention bleeds a reliance winch must prove to I,.- faltnoioua. Also it promotes public delusions in i .0 category of Kioto, with which Wal' street and Ihs aUo k HXchUtlgu have been afflicted by a pe- cul ar l.ind of politics, finally lha maintenance of minimum prices ' HctiieH the vision of the laige oppor tunity which the a. ir is offering to American linaneo and commerce to '., come hankore and iiiarchanta for the 1 utlro world, MERCHANTS TO HEAR ROOT. win Discuss Relation ' ronellln 11,, 1, ul I'onveullan i" BoslaiesB, g m 4'5. M A "1 I fd 'n CMASIP 4i 1 M A t I ,1-1 4a S CANII stt. PANW ItlM! 1044 i-f 1 r N W Mil spr,V is i4 04 04 1 I canw a fiatoiM lOBMtieiM II CANtV t m S. ctfi 1104 loon 1104 i 1 canw .leb to.l-1 re ; CANW ten laalinpd r. CANW t4 10 , :i cbRya ists oa is l lll A p RH 4a , Iff I'l 0 CRI A P Ity Sa IdPa 10 CRI A T llv n i"P4 10 CRIAPRyM M in CRIAPRl la "il S7 CRIAI'rf 4t fas' , 11 c tr m a 1 : mo :o cAWInd 4 77 in cocAstL a la 3 Col Su in ColMra44a 1 45 i nn i,h cv r ...11 1 i'orn Prod 1. iaai I rem Paoil lulu ' : rnbati f'04 1 a 1 'afrnn as 14 0 Cubsti I'tl 1 1 IMbn A Mac He J f'uoiliTel la I'. 1 lelAltrvM 1 :i HAM ref i 1 HA III I Pit. M Mltlir is la ha 1, fir ref I let KlIIMlS I Del 1. it HTVI a j m ai4 1084 leitf ' in-SS tonif pes. am H i PO 00 or M' SD 14 to'4 S4 , 10a4 1044 4 PJ H lOSM pr"! IIP' ( 100 HAP ln'14 1CJ 10S I NYOaal'l I. ft A P 4a IBM MM 'n 7 NY Ml A II rasa 104' I NVNH a H as ss 'g 104 II NY N H A II cv S4 el a N i-A'A f. "I t-14 t2 S'YRyafgsi 14 JIM h m Hya art) a IBM M It N Y a 4 a io4 lM N v Pal a 4'.. osh S4 II N 1 IV -a' ' ABo4'4a 07 N Bf N A W cv ljf ifli', 1 04 ll 0 Nor A W 4a .? ttsf .1 0 naw ,i'v 4 aai ""4 4 14 S -s I Oil lar II wi4 s-14 aavf "4 4 ICBM MtM si4 MM - 4 s-'i'i '14 i 1H I'S'4 - 4 t,' Ml 101 10s 14 1"", 101 0 SAW I' g!f. Nnrl'a pi N,,r!'.' J17 NorP 1 Norl'a 117 I ir A ( l 1st lis '! I .a r '.4ll4 area e.o; m "1 TIM r,S4 11 MM so I, S4 ' 4 "J. 11 M rt 5f4 14 p,.4, iasi4 ; 4 '4 -s4 . , ll?1" Kant4 "41 Ksrr Ike r.4C I.. Hoaa JO"' Ionr- star M Maic of Am 1071 "MeK lv Mln f O -V V Trans ISM Nat ITmk a Suit IMO .Nat Cloak A pf IS N.ilealne Mine. . Srali Hilto . 1' North Rulta liar 4f4-" "Oro ITM Hiker Hefr C4isp. M e Silver Peak 170 Sarslstorm Kand MM Sllnd Silver Iatsd 110 start Warner 7: ' at art ISO S.TOT OU 'c 00 Sterl.na 'um llsr "Tnnopah Mergei ... Tmiopah M N.t 74 7f ' mw Tonopah Kn .. f ilarnaa f 14 4 1 PuolunuM onr.r so r y awo Tn cif st new... n 94 ", ItMO Bn ct st pi new n4 114 114 SB) I'n -'if St of Am 'CSa Bl ''S'a 1. I'n CM t Am pf MS4 UTUj 1114 10) I n Clg St ' an pf M us '. I n Profit " naw 3V if i4 Waal Km! 4'on ... 44 t n "Weal End krten s Ji V , '' v rl ! Pllai ... 4 44 i, 41 Tukoa Held 14 ' t' BTAMUAJU) on. Bl MIDI Alt fit II 44 . BM 4 4 M 74 US. M 4 4 1W MM .14 1 1 . I 14 40 -4 . IS Itgh low- c M at est 1 ng m at M r. 17 at 4 1 11-11 4S 4 41 a (4 a 44 74 law 11 u 4 4 1114 t 1 S4 47 4T 477 4 4 4 4 tie 4 44 4 t 14 l4 194 S4 124 14 14 14 at t 4" 14 14 4 a Z14 y M 17 M M a n 141 M 1 1114 1114 Ul a, r n 44 H . 4 4 44 44 24 :4 -4 is i 4: a BM 14 14 M4 tP4 a; w M 44 "4 74 14 14 141 114 1-14 14 4 U 74 44 7 14 f 10 10 7 I 14 14 14 S", 814 S-4 1:. is 1 11 ; 1 18 1 4 a a a j 7.1a 1 Ml 4; jj 40 Rtoekf tdst'ia Rlpftai ."leu OoM All! I'lilnirsMVv . AlttsRfetaMfgpf :i n 'i ifnslteoiM Cop. Am feet BOgST Am Peel Bhl pf Am e Chem. . Am AC ''h pf H Am Hrnlte aio llll Am Mr Shoe pf Am '"an Am ''sn pf . Am '"ar A F. . Am 'ar A I" pf Am ' Itlea Bf.,,,, f.4Ht lie 'oal Prod... - An, 1 olton "II fl.UO ni 10I oil pf . e.eiot m Rapresa Am NMl A tt. Am II A 1. pf Am Id IMOttfi, . Am Unseed . . . Am LlRSSSd pf Am 1,0,0111, itlve SI P 7 Atn l oco pf . . . . Ar., Malt 1 orp Am Mali " pf Am Sineltlna 0 H'l Am .Smelting 1 ,r H.aOtAm Nmelt Hoc H as Am "nofl Am Snuff pf 7 OH! An. S'eel fdy e 88 Am Buger e .llfl Am Sugar pf . ft .fl 3 Am Tel A Catile Snlr. IM Hen MO ran 4BKU1 107SO 14l4 1 411 1 Ml 210 Week mail H4 BIlTg I'U nfttg 40 W 1 I. ','f'is 1)8 4 1 em1e,l Msr. h l,ii. CkMln BBI il llll .',:i7a 40I4 101 5 Cliatige. II 3lff a Olf linlg .-.flSf i ' '4 4P P Us U 7 lino,, 4 1114 40 -11 Ha A ie 's ' 1 1 3ftfl ' 1 :io I'll '.'47, 401 g I 3 s l's IN 'a a.-4 I 14 4 41 1 .1 as, 4 7.1 4 6.1 0 T-no 1'i vo J7I JO I MB Ion A si 7"l 0.41 ItJSo son IBM no 2(1 "a veis, V I '. 01. 's JO 11 At I I 1131a. 00 8 l.'ASf ' H04 I :."tf4 a 1 7 A 4 N"7. BOBf M4 I Deo, U I 70 a 8d on 11 A 1 IIJ.U. 1 "Ills aft 1 0 L'O, 0 04 (HI 0 OH Am Tel A T IBfi Am Tobaeoo. . . 410 Am Tot, pf new.. 717 Am Woolen . . fl'4i H 00 Am Woolen pf 170 Am Writ Psp pf. 3.7 0 Anaconda .. 4070 a nans Reatteta is. a 7 A tab T A 8 P, . too'. 0. 1 II ItCtl Tl HI' pf S12 6.0 Ot Allan tie Coast t, ' O SB'l'.IOwIn xco IKK 7.401Hsld1n I.oeopf 7.40 BeltlmeieAOhle isms O.nn Paltlmors A Opt S3f. top11s Mlnlac 2'm 'a 1 O 1 la 1 I m Oh ) ..''). 1 I PH4 j -'41a ya:i Ofil. 1 7 B 484 ;.'7I9 0 n 14 MI4 I 0 7la I 6I H4 iiflia fiOij 4 8 '.'404 -I O log- 1 1 ma" 081. I '-'01 4 -'i!4l4 1 0 Tig 1 ma - H4ll a :ia 1 I 001 a Idii ;ia a 1 II 07r 1 00 01 Hethleher. v'eel I002SI 1 ei,7 Peth S'fs,-; pf 701 I B F (ioodrlch 1 MB I I 7.14 BF (lood't'-h pf lion e ku Bklya Rapid Tr, 2201 ! - - lininsvrlck Co . . 0 40 Hklvn I n Oaa 1 1 0.0 Kutterlclc Co I California Petm 14 8 OSl felro pf 0.31 Canaillar. PaelOo 8 70 Central l.eatter I A 01 rent tati.er pf I 4 OOtrentral HH of NJ 9 . 7 fl tcheaa peaks A 1 1 I Cbt A Alton . J Chi A Alton pf I 6.6B CM a Northwest I cm ul w 11714 "fUSs II034 4 I177g 78s) 0T34 - ia Iff 'a 0 8 oaig eon. I 068 1 OABge I .... 1 a s 37 34 U7 " 1 oins 09 I ooia 471. ssi, -471s ion 1861a II1'1" 1 1 1 l's riss I4M BMO 4s: 1 SS4 80. SS.10 III 1 7 40H4 1 6OI4 BA4 1 11 u 4 I Be 1 1 6 Off 4 via 4 7i 1 0 7I 1 6C14- J.114 114 I ) I .sH I 0 lg 111, 4H4 1 v 4 1 4 1 8914 1 -UOs ION I ills lOOff mal e it 8 t Msr. : 117. Mar. I I .Tan. H7 Jan. rial,, .Ten. I SIBff Msr. fill Mar. 'J.if .tea. ri 1 ia Ken. 0 0 Mar. I III 4 Jan. :i I .'"s .fan. !' . s, .ln 4 81a Jan. 1 I I Jan BO Jan. 8'' IBB, 4 8 Keh I '. -s .'an '.' fan. .'SH 1 el. jHtia reh. Btla rlr. iiia Jen, 1 01 4 Jn 811, jn nr. 1 4 Jan B Jan 3 1 Pb. 8 7 Pes I OIIU Jan , 814 lei, 100 Jan 1 o 0 Peh. 4 3ki Jan. 8a 1 I He Jan. ia I 1 4i a Jan 7 on Jar 'a 1 a 1 ia Jan 1 4 a 3434 Jan. I OB Mar 1 s fab, 84S4 Mm 8 Pab, . 8' 0 .las 8 Jan Ki, a Jan 1 Feb. 107 Jan. 40 Jan 1 OlUa Jan 4-4 Jan 31f .Tan H JS. 0 8 Mar 1 n.alj Mir 3 7 Mar 1 noi9 Mai IS8V, .141, 0 let, IBS Jan no PBb. a 1 n, Feh 5484 feh 14 I 88.4 Jan 14 3B 1 4 Jaa, 1(14 Jan 3B6 Jan. 460a Jan. 0 3 fan. 111. Ken I .'Ola J.n I :;:is Jan. ia togfai 1 fas. .-, a6i( Jaa, i ' JB. 1 11 11 HI Ph 3 11 4 Jan. I11 Pea 4" Jaa "'a 4. 8 71 4 Pes, lift 34 3ul Vi liO e,h I PliaT,n. I" 4'l leb :" 1 1 l Ves I"' 1 10. 3 4 1 ij far. 8"! Jan. 3 Jaa. 71a 'as 83 IV ei, I BBf .T,a 80ia .. 7' 4 Jaa T4 .'as 19 114 VO t 4 .'an IS 2 8i a Jaa it 08 j,n M 1 00 Jan 0 78 Ja to 1 4 4 Jam 1 I OH Ja. IS :.'4:a Mar M 8 01a le 20 1 1 1 u red 15 08 Mar 20 1 1 11 T,s 20 ifian j0 a I Oft 4 '- 11 is 4 1 I ion : - '4 Ml , 7! 4 Feb 7 tth . 4 14 "ar 0 Jan. B f-'ia I sb 0 it Jta BB Mar ;es, vai B l: Mar 0 B84 1 sb H7 ISO. la 1st 1 4 'an 1 I '-'I 4 Tan Tas 841 j 41, 1 1 44 23 ' Jan leb 7. S S. 0. 1 s Jan. 4 - lu 1 OHI4 Vat 3 B'S 1 eti 1 004 Jaa 84 4n 4 0 1 eb n v j 1 1 1 a i e, 1 I Vfal 1 en 4 Jaa 101 aa a 'l Ol ' 4 00l4j 0lf 1 "7't "7 '4 aafi 04 SO 4 sj suf 3'4 09 at m 4, tonif i.4is "04 4 If 1M4, - 4 '4 14 04 . MM 14 101 1 24 10i4 1014 4 102 70 "A IT lias' ..a 1 i. sei Cof .'-a . til 1:1 ii d'onli' .s ss ;i Krieial n.ain" 1:1 ISrie lat cm 4a s 2 la le cv Is aeries Hli 17 I lie cv 4a Ulles I' SI 2 I' I ie l'.a' 'oul n.l Is . ' 1 1 1 le im is ee 1 iti, im 1 II 1 VAI H 1,41 . I' : im lo.l if some new rc itlUOM should he 1 e 1 1 llll 1 Hit 1 anil ei I illIT, rent, all the s an,! llfltiti:4Hl WOUld I' tin 111. -Ial .110! ,141111" knou that lh securl- Il SUIIIS I'P "lie eco. rrpri'soi H'l a natural POIItlligoiielss and Ull" llllles. in,-. bun aid 1.1 Truai.s, Imic vase on April : 4 th un. THE ISOI IT Mil. 1: TRL'BT in ill PAN V T ul' m;w '. ' lUK, Ti niee. Ith iiiMsTIP in v iimt 81 retary, ' Atl I'm' J 11 II . .v ri'i'AMI'INU I P I'OM l'A Y 11 1 H '' I' IIII1I4KR, l'i-i.!-ni. P. 8 llll.!. Illreetur, 1 fcarettv ear"' il hntola wer dr.. ' ' l'l 11 I IA '.--' , ' Iihii 1 end aeal iw -! iy ni r, 1.. 11,1 1 11 . 11 ', I. II- .l IP ii IIKIl As an cp nilnlmum prlc Imt.al purpose opening of Ihi lias heen sslil perlment serves IIHIIlolyt the loot loa ket agutfisl run, oil i'n- adoption of s limit 1441 ia served its it snfeguariied tie- re Hl'H'k Kschniigs, Im! 11 eVfT allien that 'he r s a I'Ulltlllllltlg purpose, ci am oi' th, securities the accidents ,,' war. The Oil T Tim Tli. Its li pt'ollill Hoot Ice-i .111I0 ant, 11 1 idlers' coined of the Mi r. vssoclatlmi will hold an Imp 1 luncheon and die, UK' en llUI'Siluy ol Ho Motel Afior subject of ihe meeting It 1 'oliatltulluiiul foil vent ion ufiil .elation to Husllii'Ss" and sut-'h 0 oil speala-io a- . -Senator ldiliu aioi William Kt'llowaa Morgno, in irmun of lha council, win lead jlSOUSSlen, Already upward of memhsre of th,. association have at,, I their ItltenllOII to t'e pre-- Item seem- 1,1 l,e to,, much Ulicrltlcsl linn noli, in. Tl,,. worst .,) . oulil tiring r Ill fed Whatever tm n the war lis ep so.ies, w.ll llnd , ptaio-e ot lie (hltl 1 1"' V IS 1. oil. leal.. tea, whiitever 1 Votsr.. Puhlli in aoi'ordaii tl," Ul"i''l ff. 1 unibersn 1 , Anrl. ' -1, in 4, nen pie lite I - eftl e. N ., i, 1,1 11 . en ine efff e, iiv. TUB BQUPPAHI and si 1 in.p ueoiH , llll 1 IV 11, t, Tit AN RHOAUBM, 1 'OMI'ANT Pratldanl. the luirols ..1' men more or lem- prepared por lh" rest If. I.e. . ,iie.. of the war, the Much Hsctiungs should have to ileul With a Midden drop of all security pric, s to their nilnlmuiiis, how woul4 It lieu' Willi It? ti Plifori'eil reduction of par t . alar prices has liren found nn awk ward niatier, Th. mil,, market ai the inlnlinuin level would lis In a uoettluu uf uioiistrous swkwarilnsas, There would he no material difference isowesn th. sutomatlo guepensloii ot toe B4eurlt!ea m, u Ket and the al'lmi aiy cluelng of Hie Mr. Hoot Will he preslll.nl "f the con StltUtlOIIUI convention to lie laid this year, iiccnrdlnit to a. canvass of the Itepuhllcan inulorlty, .ml his mid less ai th.. lunclteuii will ha ihe Brsl thai lie has made on the MUhJect Mr. Mm'- pan will speak op behalf of the buslnosa mail., interest in 1 ae convention, Ther will he other speakers of prominence 111 the busllissi ami political Uf" "f 'ho city, lull It Iter I'll, It I 4n foil 1 I'm 1. IlivKn, March ji The Smerlcan I I'rliitlnu C'onipimy, owned i ih, m i I 1 1. llorden estate uf New Vorki lias! sialic, I a. grsal l-latit 1 11 r 1 n u r v on full lima i'"i ssveral inontha the mi. tun cry had been In Operation only fve days a week, and iiuririK the ureal tr purl if Hie latter half of lull tha uveraice wss four iIhjb weekly or less. - I'tt'A I M ., I A I'M . 22 lien l ie. 22 HenMoti Us ll! 1 lea A lei IUJ' II 1. 1 .,i I', a 117 4 liUAWilb II 10' : I.A-- 1-1 lat 41 1 lliu'ku al I'js 111' 2 1 h.. a i i. a 0 Rial A M il, fill: .', sei 1 7:1 101 II ioIAM S.I. II .1 III 1 en 1 f la ItlVi ,,, SS 1 iiii onlalMI " I lilt'enlSlOU "s 1 111 1 alroH 4s sa 1 un t'bljcn Is mi' I I II i nulla 71 II I II-'eel Pit "II im liul steel .'.s uu'' in Inkt'onti op evl's 11C2 laoi 2A6 Ins t'llll Cop , v lis nun 111:,' ui Intern 11 1 lef .V 1881 IIS III later Met rol tr 44l ''' n InlACIINIll "'' n Inil'apei ilalou' 1 lowaCanlai "ft 12 lowaCeil I-, M j jap 'v" I 1:1 Japitid. U Jepl . ai let man aid ... II 2 I r 1 ISA l a 71 ; , 46 1 :.7.s tt ' I S.S t444 S r:, us t fl m inn inn 1011 im 77 77 IM m 77 so sai.;. 1, 74 ss s7 j b 4 14 aD4 aila i mu 1 j 11214 11 1 i f 1 !,t'l MM I 7' ms4 10 us 4 014 K 0", at1 , s i!f ai'f uo4 aa "i 4 '', 4 II1 a --in1 i 114 "... is; toi aBI 'si .-' . . uf, im', 4- .4 if a 11 BfH 1 "' ' "' l '"I III4 kl'4 '' - ' TO1 1 in ,s ', 1 - .4 W HO'i 'I l"t pil'j 764 7t4 " 10 044 4"', 10 ! I "i ST 4 a:'., si4 les ., tes 1 j un.., iisi, aii'4 W , - si' i 89' 4 r."-i sff'f Offif en B14 (414 , nt'i II' 4 aai, s , 4. , s ' 1 alii ,a,,, 1. 11 , llll . iuu , 14 AI - 12 117 AI nn , MM , h: , l"i . I, a SM sf , i-i ti. 4 Mrji , Mm - 4 pi ie 101 'a mi 1 4 Inl'.j 11114 Mr." , p.:" , 4 prji , ion . 11; pi 1 ph trj II, ,, iuu 124 I 1 Bf') "2' 4 4'- 4,f y , o ill 1 loll im in:" nn', ,"a II 7n , ft II. rni. . is " 6 nr'"!i .rtl r.al""' . i"" 2 OrStiortl-tttoa . 1 sM 17 OrM.fda 4 " 4 M4 22 Pa ofMi 1 "C ' 4 14 4n PaeTA 1 V . 4 PT 1 pa it v is .' . aotf !l I'm I SAO tetaetfa 101410:01, tnT 1 Fa ia 1841 i: , '.'74, SI pa v :i ftltlOJ IM '. "i 2 I'l '.eaA '..If! Ids la 101 lOOtH 1 1 1 PCC A st I. 4'jsaei ll'H.'i P.' iOO'4 si PLorllld Ttiia IIJ'4 122' , - aa4 Su lOMI PBtt ll "4 8TM,. oe 1 10414 10 s' 1 SS 1 , aa 04I4 1'7 OS', 1044 103 If . sf of ov 1 if 101 looif 2" I'l ortlld ' 1 SI Publli Serv CorpNJM as Ms ' ' 'op"-: 4:1 Kda It 2; IIIAS '.s I" : HlrKIW 4a 20 111,, I, W ir 1. 4 Si I A I Mi 's 1 II Mt.AlMt 4a ",' 4 KU-AlrunUl lilvAlilfia sf s m a 1 gn I 4, mi' in 1 '2 7'l . . K4 S7' aataj 122' 4 . 4 "'4 1100 Ansrlo-Ani . . . .1: Atlantis Heflmtif :: Buckeye Pipe I., in Continental 011 .. ;ci Creaoenl pipe L. . Rureke lip tan. tlalant si.nai rsi . l lu 11a Pn Una .1" I1.11 in.-, Ptpf Lias '. N.viouaJ Tranalt I'N V Tranalt Norh !? Lin... .41 (mio oil 4T4 Iteree (Ml Pr.tns 0 A O. .. .1 lra:r! 1' I. w 1.. :' solar Rent.tnff. .. '7 South pine I.i ne. . ."' South PB8 OH. :t So West Pa 1' 1. II StauO mi of Cal stand mi ot iri stand Oil si Kan ' Man.! (Ill of Ken IM Stand 01; of v .1 t' st and 01: of N V stand oil nf Ohio M t'ntofl ThiiU lane 1 1 acuusi on . . i" H'l ar to 4 nil ar. 174 13 "4 r s 14 t"4 CklOtWpf 125 BB BBIa !.'8I 1 1 a, :iL' Jan 21 Jan 1: .SO CM MA St P., . 17UU 87 8,1 8, - ly miijJin. 19 B3lf Pet. A 6 OtCbl M A Bt V pf ion I ;n 4 10314 ISIillff '4 1 10 Jn I3!1 'eh 1 . mi tt f A Pa- tsio u"! ifij BOSj- l :.ti a Mr I I SU Mai 8 8 A chlae copper., BMO 3fle :ia nn, 1 itTia laa, 2. itasfjai 1 - ' itsrt 1O0I4 7rtS4 V er S St S I', 14(1 Mil s . . ir. ti m I 1 '4'. r.a rcv ::i 1U IM e; M 111 444 IS" IS', sal 143 Ji ."II .78 111 ill 01 371.'. LIT at? iT4 4 " 1 111 it n k 044 1044 S'j Se'a 711 212 II" :jj .' KOI 2.1 IK 124 il ! Mfj "'4 III 114 21.1 143 BM 309 pais I '.On ", Hs 4 II II .v. 1 4 81a 100 4 1 0 no in. ail tun 100 8 "4 ilia f 19 im', ia DAILY FINANCIAL CALENDAR. 'f e, a A"" -.".i 1 a -1 cs-i '. i.am fda el LAN I fd Wl 1 ..,'4 t Ml Ml J KIP M 1 s p M .4 'I Am . ' K 1 1 K I fi ll In i:. DtVIDRND asd Term. lllttir li Oieni' ... Aer ituartT .. Itallv Sto ' rly . Bto crlv 'i"oi 1! ChtflUl , .;. Rqiilpmeet, ruffe Battery. raff H, Ml MU, I'm. - lock A t Pfi I4"e I A. 60 I ter4 . : I MtlilliB, auli I Lipid quar x'r:t . . . Tr.iilt, r'-l 0 0 C A St I ( ( c a st l. nf 7.1 duett Peahy pf. 2'' I0S col fuel A Iron HO '.' 4 col A Southern., 100 wdi-j Col A So lat pf JOO 4B84 Col South sd pf a bi Ooaaol 'oi- Mo 1 1 ,'184 Con'lnental ("an 11:11 o B 7.7 1 i on i an r f Cern Prod Mef I 7.14 1 orn P Ref pf , . C'lhan A s. ... Dttbaa A sut Pf ii. 1 a Del a iiuii .... ft . OO Del laick A W Heliver A Klo li SeiJ Den A II ' I Pf ties MAI ll T'-aM A I'ntt H . 8 B 4 ID sera 1 pf ' H.IO Detroit Kdlaon Del ' tilted It'. ton DlatllleraSeeur.. 2aio I Dul N 5 A A. I Dul S S A A pf.. I Trie Ifl7 Erie it nf S2o. I t rie 2d pf i"i Pad Mln A smelt , B. St Fed M 4.ir, p ' 6.B7 f II Woolwonh tpe.' 11 ni pit Woolwti pf ' it. I 11 Ueo W Heltne pf ! 1! .11 II lien I'tetn Co I ft .1 44jwen 1 Hem Copt. 6.70 "en Blsetrle 02" - lien Motor 14.V:.', '7.11 (Jen Motor pf ISTA b. 1 ft Qt Northern of - i '" . . (it No ore cir- 10971 I B.Ba Ouswenbelni Ka, i2" fl.4 :i Hsrvester S J iw j Q.uotHarvetter nj pf . Hsrveater corp 7.71 Hsrveater Crp pf 237 I 7.0 -' lloaiettaka 4 8 1 Illinois 1 eniral 1 Ituplraln COBS ITOSl Ini Airrl -lit pf . . 1" 1st Paper ... . Hit Paper pf 111' Intt'ump ir.i Puiep pf Interbora Met 7S.vi Inter Met of 11490 1 iw a 1 entral . lev a Cent l'f lolls a 4 4ws4 I 1 A' 4 7 pais I l'7 7 l4 49 B :i 1 41 4 1 ) 1 OU - If 4 B4 -4 P114 4 1 1 S84 I in. -Ills ; uia 4-3 p:i a. 1 4 rt'4 -4 1 u a ' 4 I "a 1 '4 iia SI4 Ha 'a 1:14 14 Vft I ''I U. as ! eh I eh. Mar a ', Jan. 40 Jsn 1 ' ', Mar .1 7 Jsn. 1 sl'I Jaa, ft Msr P Ilia Mar Ills Mar 7 1. 4 Mar 4 i JaB. fill! Mar. I Jsn. 4 :.' "1 Jan. 7 a Jan. 1 37g Jan 7 Keb "JCIj Mar. ', stt fab, II I 1 4I4 Mr. 10 aft t ah .' ' 1 ills let 1 1; ris 17 Is SI 20 is It 11 is i 1 at 94 001b :. ,t1 1 4 ail 'a is if vtia 3084 an 4 tn4 ,i,,i 1 ae 1 1 Mar. Jaa. Jab Jati :Hf Jsn. 1 , 1 a Jan 11: 4 Jsn la '. 4 Mat 4 5 Jan 37 Jtn 11 )8f Jaa 4OI4 ts 8 st. ,'an 8 Jan. a A Jan :i8 Jar 8 3 Mar 1 AS Jan .inn?,. Tar 4 Jas Sill Jan I am S8 I 1 B 801 Al 4 I eb Mar Jan I eb Mar lar l Jaa I Il7 I "- :i-il Ith 1 llll I 1 71 1 on I I tn 1 oAia 1 I 7la 410 1 "HI, I 8C I :in 1 a I 3011a 1114 II 8 lillli, tl 7 I I II II .MS 3884 UlAj ,1 -I in a pifig uuia OH ai., 1 14 BB t'Sff I H 1 nil Jan J.n Mar Mat 10384 a Ola I I il nai4 0 I M VI a BBia - 0 I I I 1 a Jan. 1 n at a Mar. 1 ,is. ia re'. 1 4.'il 4 Jan 104 Mar Hill. Mar I I 8 Jan SA84) Ian. .'VAs Jan. nn 4 Jan I I 1 I ' I 1, 1 1 . 7 .1 I I 4 I 1 'l I I it HI84 am 4 VSI4 "'a :i .''s B 4ia 1 '4 an 1 -' '4 AOTff Jan Jan Jtn Pab Jan 4 Msr S Jan. Ts Jan '4 Mar v J let, is Mat . '' - "v pi 1 I 1 111 111 'A a a Is, U. rf M ii.".' sinn. quarterly.., pfd 1 a , a' Itealty, qua r leriv . . . 14re Weal li'.-, ."licet HallWaffi earn tl ts si ni.. 1 Kar 11 Blastraaa 1 . her, nuarterli pfd 1 4 8.81 JtCasepf im SO 81, BQ 4:4 10 11.. 1 a.lu Juliu Kayaer 100 so sn sn 1 sn ,iti, U.OO Jul Keyset tat pf ... .... I""' Jaa 1 Kan City 80. 110 -.MTa al . 1 ' a ft i Jan j 7.4', 1- ,n City So p' . ton AA ftft ' .'. . Jan. I'll ItlRKPff ,' 1 Artssns, I' iv .1 BUB quar . II I A I' ,sr.i4 oil '1 a ! ft 1. 1 s.o 1 .117 ;hun C 1 1 be pi 1 ark steel . . l.acleilr list I al e I rle i leer" A Myers, l.leirclt A M pf Lehigh Valley Ml 0 7ia on V I SS, i.s 1 1 si a '41 I I 81 .. I 11117s ao 11 s a 1 88, 1 I "' . I llll lei,. Jan I e, 1 1 a Jea '.'.ni.. Hal i 1 pi a Jan. I .Ifils .'tl 1 1 1 at MINNEAPOLIS BANi-I MERGER esl Noll. II, niol Mi Nali. mil Hlld Sei'Brlli tt ill 1 1 Ida li s, Mdi'i'h 21 -Tin llll Vlolal 18 II Null I sll sn 11 ,' v 1 Ti K. 'I'l 4 1 111 I- I I A I I Is il Haul. "Uol the Meeurity iiai.lv ii oonaolldiite, tin tn Mlnni'upnlli the iiiattnotlu a liatlklns lllstltlltl8B "Ith r.rt rail -t reaotiroea III) west ef C 1 in- i 1 of tho I loo l"l' i I'l ' 111 1'B The t44 si'- UWI4 asw isii ai4 h' 1 aa , Mr.'.j tnsi, 1 sn.. M4 117 piii, 101', MM 1014 'i'l 074 11 ne', '.'7 tti' , mi'. ,4', 7fi 7014 7114 1 , M'l 1 1 I ll'l'l 1 , u,.' , '4 in M M'l l,i "I I I0i,. .! I01 HAH la 1 TrICItyltAI, 1 HsaAl'.'" I 11.4411 1 7 I 11 1 1 Pa. ret I I Mac Is I Paul 1 Is ' I llll M 1.1 Till' eupltul stncl, of the t Uf lull Mill !' IR,000,008, He llldllitr Ihe USSStS ,'f lile I'riivi 1 0,11 0,1 o , tion tlfhllu I'n 1 N.,l op il. will totlll t' 1 H, 'h p"s I mil lippi 04 im in." tiniii tin. siitrl I' V 1 ' 1 1 ,1 1 1 1 1 eri a i n , no' pre the slei'iirit) Nntlonal, will I'. 1 1 11 nselldnted imnk. I liifctt-nrplus, M'lineapt.ll' oil With the (Mill. oil" II I f I t s.,11 nnu . lent reside -- Uoaa island 14 ae :m :ia a'a ao .'an. : " . I.oo-e lie ll aan II I I lb- I 7.1)7 Loose lie 1st pf 100 lift SA 0 .'i a InV, .',,a I s. ' ' - iseowWlleetMpt ' Mar. II in' 11 il.'.'.V.I orlllird Toll 184 Msr " I 11, DM lotlliard Teh Pf II- I I I 11 4.4 1, tl oa A Nash... . MB I I H I I Ulf I I R lUltuJaa .11" 1 8.7 H Mackiiy i oa .... '. I er. II a 1 U.OtiiMaritsy Cot pf... sie enia nuts Htllq tq 4 .in ID 89 A.H7 Maiinslisn I '- H an ? 138 'an ' - Maahattastteb a Keb. 1 "'' Manhattan shirt ... .44. A I Jas -' SU ManbatnMblrtpl lOllaFab, ' ' n ' Murine lily Jan - 1 '" Mar ''-' Jal 1 ln.11 Mn Uep Store. . ton A'.'la I'.'la i '' Mar, " ' ",..'H May Iep8uipl nil nsij Hula, ;i8i j 41 4 uatj M 1 . - - Matell Uol lei'. .I'.'la aUHf 1117. HaljMai II I'' 4 - Uaiwell M IM pf liiiuu .m V47s 4 is, ., , ., 12 1 n, - alASweli M Sll Pi IbiBI '.'.' '.'Il IIOTs 's i"'4 '' r. 12 18 ' Use Petroleum.. WOM '. oea ""'4 nt"4 i en. - Ilea paint el Nina I an 11 ' 1 1 -I CANAL FUNDS OUT JTINE 1. s 1 ii 1 .0110.01111 HshaneleA, Wn w in t,,p. mam Mill, mi ihe 1 1 1 1,1100 uiiiironi'l Hi, .inn 1 1 2 1 1 1 1 1 4s 0) H fa roup 1 in s :iv en n. 101 Mils retf.'-IUII Mil MM' A I i'I s II lllfj 11 f :. 41I af a 1 1 101 Mil' lull I'd 1 1 1 , Mill ll I I'', la ItiiH p.,., M'l.., -III. I. ii III e.l f.11 1 1 M.U he Uaai.0 by t to- iM88l nill stop Mellll I or Hi iny M of the New a asocial ion. meeting on 1 In Kfttinn rag inn Ifj 70 as ', 111314 101M 'j 1034 "' in Vkls Htown MroaACetf ll. I Va Car Chi im I . a 111, I veil I ill ll Va H M in 17 i il th 111 10 J si il inn 10' Ml til 0J us 14 DBIfJ fl su tut p.3 i n '4 M'l H 1 u 100 . .; irsr nd ii,.rk slim 1 nllnu of Huffulo, prealdenl Vorll Slate W'aierw.iys Senator Hill spoke at 11 Seturday "f men Intsreat more canal money. They me' al tiiaa (Irons Hoard of Trado rooms, IBTth street and Third ai ci, ne. Hrcnx resc.er.ts ure lipiolally Intereeted In tettlnB Btate money to fireiise tin- Harlem lllver unci complete the o.irno cans; termltiKl at lllth tireet Tin ernfeiei.ee decided thnt the only way to get nsoney ins by un AsesmMy appropriation of 111, 500,000, nr as mutrt of 1 liol an possihla. Utainl Copper Mum A 8 I ,. Minn A M 1. of 0,j:i M St I' A H S M ft. nil M -il' A ssM ni .1.4 a MNPAHHM l.ad 1. Mo hat. A I el . Mo Mali A I l'f . Mo pacliiu III loli' ilia I'n.,, r ',14 Moniaaa I'ow ul Muri I- A Laar , 11.84 ; N.i-li i A si 1. . A.H7 Nat HltroU ft. 7 8 Sal Mlarull pi ft.il K Nal l-SS'l . . ti.ft .1 Nut l.e.'el pf, ,al KIN,. . 8.7 ft Nat IAs pf Vat lis Me I pf, .Nat Ity Met Jpf, Ne C0B4QI (I 8 4 N V Air Until 0.O8 N I'entrsl . - M Y Rbl st I. in ita M 4 11 1 1 .1 1 I ia I .. 1 ij I a4 4 1 I 1 : 4! 1 11 1 1. lull.' I ' '4 I