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10 THE SUN, FRIDAY, JULY 23, 1015. jU'Sun" Editorial and Its Application "Both Hie Kcncral Annn einl condition of Die coun try ami the condition of its citizens will lie more as sured if the uninformed public lets the war stocks alone. The price movement of securities lacking the Klnmour of orders for mu nitions of war may lie more sluwdsh and less exhilarat ing, hut the rank and i'tlc of public followers of the stock market will be able to sleep better o nlcbts -with such securities in their pos session and they offer a suf ficiently promising stnkc in the country's future." When the Smike of Battle Has Cleared Away United Cigar . Stores Company of America will stund forth as it docs to-day as our leading Indus trial security, It combines safety of principal with nn attractive and progressive income which should pre sent its own appeal to the cool-headed investor. Ufa ei-anUllm Ii iha Pari. men aid Preferred Stocks of I this Company. BAMBERGER.LQEB&GO, 25 Broad St. Phone 5501 Broad FINANCIAL NEWS AND COMMENT NEW YORK STOCK EXCHANGE PRICES. RAILROAD AND OTHER BONDS. 1 THE STEEL MARKET. Spcciilntion In Wnr Stocks Not Ro One Sided-Market Very Irresrulnr. Rnllrot-fl anil Othrr fthnrr. TltL'nSPAT, iltTLT 22, 1915. cio-im. juiv.i Hid. I A.k. ( III. I ?!. I WKAKXKSS IX SOMK HAU.S? 47 J 31 : 35 25 M?i 5 7.SH 107 90 3tV4 51 H 7su 107 to, 10!) 110 112 114 121 I214 225 (229 100U 100 97 I 97Ni 74 S; 744 7SH 78i 7H4i 72 195U 19fi4 1 121 '125 50 1 51 14' Mil, 87 j 70 . 71'. .10 ' 36 i 13S4 13fti I2U 42. 39 1 39 4' 1214 1224 274 ! 2$4 12V 4S 1 34 V .12 i First and Refunding Mortgage Bonds To Yield 6 Net Earnings2 1 Times Interest Both cross and net earnings have increased InrRely every year for a long period of years. Corporation serves prosperous portion of a State, whose popu lation incrensed from 1900 to 1910 about three times the ratio of the entire United States. Further particulars and chart of carnirgs upon reques. for our Circular AD 60. N.W.Halsey&Co 49 Wall Street, New York rhIUf!. Ipliln Pinion Chicago Haltlmort; fan Francisco at. i.oul J.K.Rice,Jr.&Co. BUY AND SELL Aetna Explosives Stock Atlat Powder Stock Du Pont Powder Stock i Hercules Powder Stock Niles-Bement.Pond Stock Remington Typewriter Stock Winchester Repeat. Arms Stock luquirirs Inntttl. J.K.Rice,Jr.&Co. riinnen 4001 tn 4010 John, 3R Wall St.. N. V A.A.Housman&Co. announce that on July twenty sixth, they wilt OPEN A BRANCH OFFICE under the management of Mil. Itnllt'.ItT C. W U.MIN and ,mk. iiimu. i. i:haii.i:v in the Grand Central Terminal Building (Room number 10.VJ) Seventy East Forty-fifth Street, New York (Telephone numbers 8286, 8'J87 Murray Hill), for the transaction of a general business in STOCKS, BONDS. COTTON. GRAIN, SUGAR, and COFFEE. 12 '4 414 55 346, .10 126U 1271 14.' 15 7S4 79 4 67 I 694 99 1IOO4 11814125 103 ,10t 454 244 22'i 2S;i 1 1'xlen-ilve fluctuations In priced, with , nit IrreKiilar movement cndlm In lr roRtilnr cham-ex for the day, were nc- cnmptlsheil In ye-iterday'a Block market 'on a volume of trading only moderately contracted from ".Veitticsday'ti scale of activity. The market an a whole wan lslbly the re. nilt of the heavy prohl taklni- salea made -lurlm? the day and III the previous session and It could he most reasonably regarded as a normjl tind nltoirether wholesome product of tho extreme bullishness of operations; in the llrxt half of the week. In the final deal Iiiks Iho share Hut as n whole was softer than at any other period, hut there wan no convincing evidence that quoted I vnliif.H wrro cnRiiRcd In anything moio than a process of correcting tho specula tive onesldediicss, which had developed and moderating somewhat the Immediate 'extravagance of recent ndvnnce. , It was manifest at the opening tnat Wall Street was not In the mood 1o resume at onco the movement which was ' lti such violent progress at tho prcvloiu night's close. There was some -ally 'pressure, hut tip to the middle of the djv stocks of various descriptions madi a 'fairly sympathetic response to tne rising 'strength displayed In certain Issues. In the main the session wan one of alternate rally or advance and , reaction, hut there was no continuation of the rathor ecstatic speculation which hrnttp nut nn Wednesday. Some war stocks anil other specialties moved fhanply upward, hut advantage .seemed to he taken of their course to liquidate long contracts In other dlrec- tlons. The market generally nan a sen- Inn? character, which wns to a consider ahle extent the consequence or tne cautionary comment widely littered on tho lopsldcdtiPJis and rnplilliy or tne nso In war munition specialties and traders were disposed to lighten long commit ments. Smie obvious bcariah pressuro was also exerted, principally m tne railroad department, where there were nronounced signs of weakness, notably In Canadian Paclllc and St. Paul. Until the Into trading most wharfs exhibited iiuderK-lne- firmness, for sutncieat re slstance was offered to pressure to check every decline except In the last few m mutes of tho day. nnen mere was a belnted rush of traders to get out. There . n.t .....at ejM.Al mis :i ioo demantl for Industrial shares and the aspects of. 1684,169 ,1... tr.nllnp were more favorable than 153 IS., If tho lioomlng of the war stocks had) 105 107 been carried further. ; 11 HH News of marketttisc pe-irliiK ntted in; ' with the speculative notions about the 604, 604 reactionary position of the list after , 100"jtl01'4 o much excited strength. Sentiment was not helped for the moment by the Indications that the fall of Warsaw was Imminent, and the nearby labor troubles attracted some uneasy attention. Hut to the extent that Wall Street regarded anything outside the Stock Kxchange Itself tl, chief subiect of Interest was President Wilson's new note to Her-! 1 many. Washington outlines of the con tents of the note were calculated to give i tinge of prudence to speculative icck-i onlngs. although It could nut he said that any great concern was. hclruytd as to the outlook for a maintenance of the , countiy's neutral relations to the war., A distinctly encouraging clrcum-, stance was the decision of the Interstate : Commetce Commission In the express; j company case. The commission upset J the ordcra Isued In 1913 forcing a dras tic reduction In rates and authorized changes which will enable the coin-! panics to bring their earnings up to n. mure reasonable Icel. There Is every Ij6l4 1011 reason tor inirrpreuiiK me new ruling fcli Sti1 as another token of the constructive lm- presslou which the new order of eco-1 nomlc affairs has been making for the better on political inlnris. Incidentally, an excellent statement of earning' for June was published by the Haltlinore , nnd Ohio Railroad, showing a gross Increase of $70i,000 and a r.et Increase I of $1,719,000. The nsca! year ended' wan a gain or js.iao.ooo in pet rcve nue. The report may not be exactly typical of the earnings of the railroads as a whole, but tli'ie Is no doubt that 1 the railroad situation has become ma ! terlally better In the last few weeks. 95 100 344. 344i 2.1'i' 614 24 72)i 734 51 514 50 I 52 93 95 5V 56 1014 106 ; 5G4 o t -Ji '13S 13J 116 II 41 2001 Adams KxpreM... tiou Aiaaan ii m 11900 Allls-ChalmcM .. 1600 Allls-Clmlmcrs pf 4750 Amal Copper . . 15600 Am Hoot Sugar... 41 200' Am As ('hem ! lOOlAm Ag t'hem pf. ..' D2100IAm fan 7 120()'Am Can of 2 3400 Am Car 4 V I S 20 81 6 5' M ..v 6 301 4, 10 3 5 4200 Am Coal l'rod... 200 Am Coal lTod pf 400 Am Cot Oil 300 Am Kxpross 200 Am It & Leather 1300 4m II & Leather pt KOOfAm Ice 400, Am Linseed Co .., MlOOlAm Loco lOOlAm Malt 1500 Am Smelling 100 Am Smelting pf moo' Am Steel Kdy 3500iAm Sugar fi00Am Sugar pf 300 Am Tel & Tel 100' Am Tobacco , 3750'Atinconda SOO Atch, Top ft H l'e 200 Atch, Top ft 8 Ke pf . . . . 4T.600 Baldwin Loco 1900 11 ft O , nooin ft O pf , 2470'lJelhlehem Steel , SOOUIcthlehem Steel pf 3100' It F Goodrich 500 llklyn Hap Trail 2900lHlltte Copper 20iCal Pet pf 21800Cnn Pacific 7100lCen Leather 1500IC ft O f.oOIChl Northwest lOO.Chl (It West pf 11865 Ch. M ft St I. S00 fill. It I ft l'nc Open. I lllih l Low. I Cltwl Nrl Jinj; I estl rut. tmr. I (Jhaiiire. I 92 93 T 92 93 4 344 314 314 314 4 214 24 ; 2:14 2:14 i 63 63 62 62 1 I 73, 7I4 72; 72?, 4 ' S 514 4K 51 U 34 , r.o 614 50 514 i 93 93 93 93 4 67U 6S' 4 t " 't 105 106 1105 1054! ' I I 67 6741 U 56U 4 134 1454 134 13S4 7 117 117 117 117 47 474 46?i 464 4 90 91 90 Ot I 6 7 7 fii 'H 4 I 35 4 354 344I 34 ' 254 234 24i 2Hi 4 I 104 104 10 10 4 604 634 60 Gl-i 24 ' 5i, r.W 5"i 54 .. j 784 "4 784 78 4 '4 10H 108 108 10S 4 ' 404 404 40 40 ..I '109 1104 109 1094 114 I 113 113 !113 113 -1 I Tfsnprtlnn I'ritoi Oi.rtdoc In CjI.1 t M Amir Atrev .'.k lrlA.lliid n I.M Ills lull ts lixm I ml IH'inii I !'), 1 mhiii .'1 I Ain'IATex j IHMIIIers Sit- SnrAcW i-V I's mhhi 1 11 1 I rurp ' ;.-.ni'ii .10 4 iim 1 ft' I 1 II ,rin II l"S Miri'Mi, , 1 ' ,.lllt.. flinil .H. .1,111,1 I'.ml 1' "Ittdl .HHI i""!"1" ,1'H riv I iiiHiui, . i.i.i 1 ,,ri ii 1 nil ," , ..11,111. . A.MjiJMM'l II ft. Is, IIHHIII 1 1 1 1 Itiiiiiiir l'v lirle lt 11111 It. loinin t)0. lllnllO It I 1 1 I'X'O , IHj tlll'XI IIIIAh :iiihi 11 1 1 a I !r I.- ceil 4s I'.'ikhI'I. 1 1 1 1 if A 'i m r 1 r,s ni'Ki . ii.i.v. .Mm., hi IWmo. I (I I :Ih (,rn i:,vlil Iikii . iki.'m ATANI'n l sihmi. 1 u'il NorihPftrllli :.s iiionii. 1 inn r 1 ii 1 1 Tii'io. . .iiuiv at A. si ,n i . limn. 1 iili , I'lKm-to.-itytii llinil. . IKIIv (,'ISIlln lli'Hfl .Wll. ll'JIi' ninii HOTh srili-s (lr KallAcNnv Is rj.ali ,tll!L. hlui.l I ll't Xitltl M4:L. I THE CURB MARKET. .. -i. -,(., ,i,n,i ,,.iie nnd Curb Hmki dlpl.icd strength In tho .. . "7". .r ,.' : .. ;! of the dealings. Final quotations I ir,noil lltllv llirrn 1ln A. M ;iimn SMl4 1 ATA s I nt 1 1 Is, ilelitrrll Or si, 1, rim s slnintin .'.CUM 1U znilil ...Mini llnilll.. K'l II111 li nUUs (Irt'U lish lilt A I AU'nsst Line Is Siiihi. 1 1 If I v ' NaV fef 4s anon mii i nit .v vnn m i rnrni . .nuia I Il.nltM) rnlil 4s ioiiiio rt i I't uii.i i'-,s fur steel for conversion Into .-i in in ii it 1 1 Ion. istlmalis placing the total i at n half million tons. Prices hate been I n'''.incliig In li.isteni ilistllcts. Itnr 1 Iron has liecti moved up $1 to $2 a ton and rlicls nre firm. Itlllets continue j strung, nil mlvanco nf II a ton being te- j potted .Mstcrday. Tank plates inaile n Hlinllar gain and open health rheet bars have been mhnliri'd rents a ton. The Hull) ion Trittle saya; "Some i liiistcrn plate bujers of sttinll lots arc paying premiums for Initnc'llnte dellv- ' cry, nnd K.istern llnlshed steel market j continues In gain strength. Steel t'or-i pnr.ttion has bought 20,000 tons of nil- .1214 12141214 974' - 1 Tll 714 4.-.U 97 9S4 1444 145 ' 4 1 541 7 8 254 22 4, 254 1 404 31 35 61 75 394 304 22 43 260 304 H1 374 71 19 73 23 56 4 ' 47 ' 141 1 I 125 1 364 32 304l 384 714 194 734 24 58 ' 125 1 4S4, 141 4 65 128 60l 2000 Chi no Copper. 100 C. C. C A St L pf...., 3900ICol F ft I , 500 Comstock 100 Cons (las 3260 Corn Products 100 Corn Products pf.... 100'Cont Can 200 Cont Can pf. a 30.... 7000 Cuban Am Sugar.... lOOjCuhaii Am Sugar pf. 47700'Cruclblu Steel 1450 Crucible Steel pf 100 Del ft Hud 22'Denv ft K O 100 Denv ft It O pf moDlstlllers Sec 2400' Dnm Mlnr. 4200 Krle 400'Krlc 1st pf lOOlCrle 2d pf 100 Federal M & S 100 Federal M .t S pf. .. 195 0en Cheni Co S600,Gen Klec Co 1100 (Sen Motor 800 den Motor pf 200'C.t Xor pf 10200!cit Nor (ire ctfs 900 Cuggcnhelm 200' 111 Central 2700ilnsplration Con 2S00 Int Paper 300Int Paper pf 600 Interhoro Con pf.... 2310'lnter-Met 600Hnter-Met pf 200! Kan City Sou lOOlKan City Sou pf.... 10 Kings Co L Jfc ! 400 Lack Steel 10(i Lehigh Valley lOOiMackay Cos pf. 1214 26 ,226 226 ,226 70 7041 684' 684 101 101 11004 ioori 974! 974 974 744 1 76 4 73 4 77 4 ' 7S4 774 7I41 714 714 202 i 20214 196 1224 124 4 122 4 I 62 624 61 87 87 864 70 4 72 4 70 4 I 30 I 311 30 142 142 13S4 1384 ; IS I 434 424 424 394 40 394 394 1 1 .111 I 1 ! it I 4 t ' 1 t ...1-- 1 1-- ;n 1-- 1-- ...f 28 . 2K 28 t 2S 124 t.' 6.1 36 ' .10 196 1234 tl Mi4 71 30 M I 12 I 1 4R4 60 ' 36 ' .10 ,'127 1 ' 15 794 . 674' , 100 1" 4(4 60 I 34 4, .10 127 '127 '127 ' 154' 14-4' l4 79it, 794 ' 794, 674 674' 674 100 100 ilOO r,'i(in ..htllu Illinois .stl 's' timrtfs 1IMlon.11 lillliti in tne i;ast. nringiiig us iftiicvi'ts , 1 Hiiiy 1 Mum 1 im7n inpgieg.itp iiuicha.sps iirouiul 9O,00 tons. limit. . .Mftl 1 1 tmll.tnn SU-fl &s IVimn l'.s l!OI , .....t,. ,j ln, f Of,,. .... ,,ri,. i.Vl(HI.. SO'Ih Iihhi IIKIV .-.m. . llMllvl 1 " . 1 . ' r.iioo. HAIu'lnnConsCniiev I'etiqne m 4 . anil iiitcwnier iron inivaiices i., cems i Unit AOlilii.ISs, fis liiTJ I trrn rlts I a toll." ItlMKI III, II iillll I. . 1 'i ll"l'l . lnnn. nii.'is' r,s 111111 'lvoiiArMirf.s , sSrAnftliSKrilSS'TS j public utilities securities. :111m. Illl Inlirli I! T rcf Slioo . III! I tiHh sii Mir r.i r- iibta l l.nrlllniil Ts , 1 -.""if. . . l. 1 11 'IM. 1 f I ' 4 ' ' . " ' " 4 .Hum lifils lincrlHiin Mi 1 P lj,rlllnnl fs Iiiikii) ti.'ili ml trust i-s IMimi . iiiiTn limit IL'iIk, .10011. V .' I'ulille SerC orp lll'ioa MIAIi lot I'.inrr rv .'is' of N J .'is 111,10,1. IIA.'Lj .IIHHI. 10IHI . Vll'li 1 IKI1 I II 111 .Intriliese i.,s .'null IV11 Leather !n t.ni'k Mil .Is 1'i.V) llloil. . I 1 iinoo. 111114 iiiiinu . ; : 1 1 -j I :,'i . I 1 11 Ilium IMIU I.SA Ms is itCs.lliaUtiiK cm Is Cent I'.irll'r Isl, Inno.. 11 I I liwo . U'J t Iikmii. miHIh LS A MS 4s 1(131 Hep IAS in IHD s ,-mHI . Hlllil 40011 Illl t"00 .'I'J'J 54 1 wi. sii.ih'M'-.1i hiisi ltoiiii' WADirra r. llllKI SIII4 riHIil till ' SIMM lO'll 7 ' I.Vvit;n Nil l.nu ,te rnM "s M IiiiIb S 1st 'll I'llfft A (1 l'..s I ..IN.H llllll.l.i MIIKI .'I loiiil s:t I.1111 ft ,Nal. is SiPMAM Mi ls 1 AiturliMil W A rV l'..S 7IHIII 11 I ll'lllll I L'll I I :.(ioi . -, llj Murine ill 4' .s Ml' MAM Ml Ms f.OOO , V tlioo ft I I"'"' Ml ''I'' CII A (J Joint Is iirllllirii-s MI'MA.M run Is limna iiiHm I '" u l' l.v-.n, .(MUh Mes l' Iroli ,cs SiMli.lAl.rrf Is Iiiiki nn '.niisr 1 -' is -lino 1 1 tncni, ittx a 1. 1 .1'""! AMI II, IllllCfl I, "" I.HJ ,,.. ,, , MHHI. Kills t ('!'! . ,'1 Hinil. t. I oinil'l,ll,i,n,i,i I .v , wero lireatihir 11 ml eenerallv below tho days best llguies, though suhstitnlliil gains w in held by such specialties aa Stan dard Motors, lilectrlu Moat, Cramp .Ship building and Kelly Springfield Tire. lilectrlc Moat mm ted to 258 for a gain of 23 points at the outset, but a sharp reaction left a net gain of only 4 points. Standard .Motors n the list In activity, the turnover being unusually heavy In this stock. The net advance In this Ip-ii- was 24 point. Cramp Ship building displayed ilslng strength and held nn advance of 3 points. lutlde of the Industrial group, the market was featureless, with quotation showing slight Irregular alterations. Transaction In detail on the market yesterday were as follows! Open, tilth' Low- tint- "i 14 4 4 ?, 4 4 34 I American "lis Comprint' Anicrlesn Unlit .V Tract Ion . Anterlem l.lvlit -V Trncllott pf . . iii.v, I illronil.ii'k Klivirle Power . . . . jlm fun Con Is Aillroit't.-irk I'.lis'lrl" Poner pf. . . Aii'itIimii (Ins .'. Mielrle AiniTlenii ls lilerlrlc pf Atnrrlean Porr ft I.I11I1I i AtiiiTlr.iu PoniT A l.lirht pf Auti-rlcin Public t'lllllles ' AtniTliMn Public Clllltles pf . . , Aiiierlcin Walerwoiks A Klis-irlc. V ft I! p.irtlc'K if . AmerliMii WHlerworUs ft K 1st pf I 'illl-. MlTtli'f , 1 'l'l"s fr Ire pf Colorado Pouit Compinv ... I Colorado Power Ciimpmy pf CoiuinonwiMllli Pouit, Ity ft I.. 794 14 I (' M AMI'cv .Yt.Mimiii&Tet Islso Pnrlne iv .'.s ! ( U trutnlltil 111 il .Vii'ii.. 11 " 14 1 ..tVl , , 1:0110. MI'lstMnK.iliVles?il! .loo. " V 1 1 1 J VB 4 ;;,KHI ItfJ I'liktl .- I IINKI . " I M ' I 60 1 MHIll I 1117s Vo ParlAe roll limno !l?''ls I 344 10 1044 126 1044 119 I 154 16 .103 . 474 . 984 . 1444 I :' . 234 . 26 : S ! . ' 50 , 265 103 484 9S4 1444 64 103 454 974 1444 64 25 244 234' 224 1 26' I 254! 394 ' 3941 103 1 464 98 I :i444 64. 244 I now 1 31 29 511 265 168 173 185 4 187 101! 107 31 29 ' 60 265 16S !lS5 ,106 254 394 31 29 50 265 169 185 107 1 a ' r, Ii 3 24 14 1 looo -I 4 Isi imiio Soon ..14 1 rno'i ! (til HI A Pill' Is, :,h, I 1IKHI. . ..H 1 l j VHI I 10IMI. SH.I4 .IMiHI 1 uHi . .Hiitj i;iioo ( hllll.M'ri'f Is Ml, 1 1 looo. . .til a, n 4',s 1 8iicu 11 Ha .Wo. srij 1 looo.. . t . 1 :s 1 ,N initl.ii loon. .1, I I'j inoi isl, ; ClilleCunier Ts N M'lty l'-.sr.a K'1,,1 . I I I 'N .Illl", 1,i 1 I (I' I ll.lt I 1 ll'l'ls I Oil ' 1- 71 I 33 714 271-ii 54 7s 1 1541 164 24 3 I 624 fi2. 204 , 204, 85 , 87 , 4 4 54 H'4 Hll, 574 58 , 234 264 1034 1044 1034 10 14 314i 3541 1064 1064 1154 117 76 ! 78 I 224 23 9. 37 I 714 194 73 ' 23I4I 574I 125 48 142 ' 66 I 62 364 324' 4 14 60, 1 MONEY AND EXCHANGE. NOHTIIKItN l'.( II IC l(. II. Common Preferre.l .''Inri,. 1, nil ctf. nf ,U p X. Y.. M Mll tillANNA ft VITi:i(N CIIAI. Tliltltli IIAI'Tri ft PCIIIIIA It. II. CHICAGO, IMIIANAPnl.! ft l.llt st.,K 1 .Montreal The New York Federal Iteserve Hank rates were 4 per cent, for thirty to I ninety days and 5 per cent, for longer 1 bills. , Open market discounts, prime accept ances, maturing up to nlnitv days, 24 , '11 2 14 per cent. Commercial paper rates wfre 3 4fl' 34 tier com. for sixty and ninety dav 1 bills nnd for four to six months bet't names, 44 per cent, for other. 1 Time money remained dull at un I cliitngrd figures. Ilntes were 24 p?r cent, for sixty days. 2 4124 per cent, , for ninety days, 24 i 3 per cent, for I four months, 357314 per cent, for nve and six months. Call money on the floor of the Stock 1 i-.xcn.inge ji-sterclay rnlJil at 1", cent., high, 2 per cent.; low, 14 ei-ni. Domestic exchange, on New York : St L011K par: San Francisco, 45c, pre mium; Minneapolis, 30c. piemlum; Chi cago, lie. premium; Cincinnati $7,814 premium. 91 494, 224 344 8S 354 924 1164!144 en 1 S" 1 24 93 494 24 23 35 91 .il 93 15 100 Manhattan Shirt. 100 Maxwell Motor Co 100 Maxwell Motor Co 2 pf. 200 Mex Pot 800 Miami Copper 200 Mo. Kan & Texas 300 Mo. Kan ft Texas pf...., 4300 Missouri Pacific , 700 Nat Lead 9420 Nat H & S 100 Nat K ft S pf 200 Nat R R Mex 2 pf 100 Nevada Con 1 5200 N V Air Brake 800 N Y Central 1 2000 N Y, N H & II 600IN Y, Ont ft ... UOOiNorfolk ft West. 300 Northern Paclllc. 1300 Pacific Mall , 1000 Penn R R 100! Peoples Oa 50011'hlla Co 7S 600! Pitts Coal 224 100 Pitts Coal pf 91 6500 Pressed Steel Car 1 50 200 Quicksilver ! 24 1100 Ray Cons Copper 23 11500'Rwy Steel Spg ' 34 4 lOOlItwy Steel Spg pf 884 32700! Republic Steel ' 36 1200 Republic steel pr y.'i ,1164,1164 1164 1164! 4 iti'k Jfi'i., ji 1 614' 614! S i lot Inn 101 . 304 304 ! 304 104 94 38 37 714 71 194 19 73 , 73 234 23 67 4 574 125 125 4S4 48 142 '142 Ci I 65 62 364 324' 724 27i a. 2; 864 B 1 144( 1U.I 864, 584. 264 264 1 '"4 17 A ! 204 864 62 364, 324 5 16 2 4 24 20 804 364 604 101 304 104 3S 71 19 73 23 574 125 48-4 142 65 52 364 3" I. 54 164, 2 4 624' 204 86-4 1 4. 14' 1014 1014 S6 : si; 144 105 S7 5S 4 , 57 4 57 4 254 1044 104 36 I 364 35-4 364 1064 1064 1064 1064 1164 1164!ll4 Hr4 114, onsiunirs P Co (Mlniil :,s l'li'.i. Il.iyion Powe-ft I.UIil Co . . .. Dijtott Pmtt-r ft l.lulit Co pf. . . Mini I II I ?s Mo Parlfli- 1011 iiiii'hi !l?.'is ti-,.., ni a l.lreirle iimi ,,s .. , .inno. !l ll-j Mo I'.-ir 5j iru; :ww . hoi a , Kliilrle llond ft Slure Co pf. . . Mni 1141 2111111. M I ln Meitli I'm Ine is ' 1 :m t,Ir- Dlstrli t lilerlrlc ,1s TMASPcia I'js M.wil Power . .'."l i . ',1111 ..,',, Di.irlit I'leririe of. mum inn , r,im fia, .viPaiir..- ti-f is Mni'lm lrr,r'r ,,r i CMASIPM I'js .Nut l.iuiin f,s .'.Minn. . . HA 'is , federal Unlit ft rrsellon I -l"o,i Mil :oiin 1MI3 Mil'-irM' tt-r Js pn,,ra i.liiht ft Trarllon pf Oil Mil AMP Is .Nat -i ube 4i. . N II s ' ' .trll, s ., I :nn HI iiiihi -,i 4iii'i ..8011 iirilies ! I'MAMPileli Is M lrllikrt Os So lty Kin 4 I (Its ft fits-trie Securities pf . 1000. ..Htiac ;ihi. II H 2I1IIO.. .lllll j (,ri... U'e.ltTll Pow Co .Is llllrt. . Oil A N U :i'vs NY t snal 4s 1 lilril Av irf is ''r' ,. , t-L.,,, . Muni ..si . I-H3 I 4IIIHI . -, ll.i l.lnroliili.is ft I'.iertrlc 'Oil Hs 1st :.s ( inno 1 IIDU Ti.l Stl. A W Is Ki.rtla-rn Ontario Mflit ft Powi-r icon . n;i.,N 1 ivn ilrh is' Inoo. I.i v,,rii.rn iintsrlo I t ft Pow nf I Oil IIIAPHv 4s r, is lull l.l .fnlon lMrlftr is ."r1 ur" ,,n1rl' ' 'v ' liiisi 4 1 il-.iiiiio . I tKils iimiihi . It 'Cs Northern Mati-s Poner ( o 111:1141 ti"!0 I: 14 Northern Mates Power Co pr I 11 .l.s Jul',,. . 11 .1 lll'lll! loo. ...tl 4 1; Pailllc rcf Is , ;onit Hit t nlill-iaiil Mi; 1 Iiiikhi 1 1 14 t S strrl st r,s Tlioo . I II I I J Kthi I tl I Iihhi . I II I l-j Tihio I I) I as IOIMIO i I .1 I. Wi 0, ,..s t'l-.T Wnhl'l'rr 1st 4s I Coin SoLlti is Nif.eiitur t 1 erilitcntM loon, ts', 1' 11100 liil ij ;,tnen ;n I'oniins ,-f,s Im i't 4 ,sr,ii,iMli nt is 1 aim. .1 III mm . 1IMI4 f.iTr rtfs t,l i:uiin I I .'1I3IN' . I'll. 4 r,s ill"0 I. 'lis rulHI IIA.-J4' inoo II I l4 , stern flee Is , Cnlwin .1 'NVNitAII i-vfs' loon. . 1 II 1 14 Iiiii! 1 4no, I (IN ,4 Wii Mar 1,1 Is WWMO lull 1 N V lint A U Is Timhi tlH 1914 iihhi . 1) West 1.1 e ;oii ii'jij Nv Triim ius i:iwi 111H4 Cnmli Tel .,s ' 1 is m , :i , ;ln, hos iiimo. nill j iiiiktn i4rM .timri I Il l's Traninrllnna frnm t:43 I. .M lo rinsing. Am Col Oil S Intrrli II r ret I enna s in 4'js llinil I I l j ' ts l-.KJ' ! Irm rlts loon.. I'llsi :,oiik.io 11 7 1 j! looo . IIT-V Arn.our I'vs IjirU su is in.', P10 f ,AC fdi: rs :,imhi. . ti 1 34 100110 , 1 j .',11110 nil's ATfthf eenls Muiineelt t'js llrp 1AM 5 linn I IihkI. . IIUI7 l.'.nim .4 Ils, r-ao 0 lS , Mm . tiil.ii Me Prtrohn i,s.v.ilK,anl Al. Is I Hall A O P 1. Ii merles 1 slampeil A Vn Is .V it lll 'lv I-'"..-,. 7 7 1 ioii'i 7 11 is MolmiiA'l nis s ciellu rv '.s ' IuiIiaosh a'js iihhi so inoo 11 ; .'s, lo,H,o S71y Htoil 7 lllg UiHtn i7la Chi A frle Isl MnlA.mA'l v ls'"-,,l'i 1 SI" ter Is iono Itl.t-U :ii,l 7 ll .'mint NO. Is Oil A N W .-I'js Miitn I'oHrr Is Mum Mil j I'his ft nliio 40IHI . Nl .Hum nii i( .soi.ilorn ll 5s .. , . .,1 ICIlllllAPIU 5s .N CenilrliC Ion" . IMUs1' " , "'"" " ! Hum !4 n ts lull ii limn 1HH4 - Clil. Ind ft l."iiN I OlllllftPI,' ! 4(101) tO:ilsl Pnrtlle rrf 44 j citl It 1 ft Par 1 Mam NOIj N Tel fjl-l l'sll N II I,,,,, s, I Nil Cnmli Tel Is ion 1 ) .-i 1 ii.etil'.ie rv (s 1 "' s' ,',' . .Hin ll 111 llr A i'.il Ut :,s, imsjj SU , l'le t ill 1 lllftst 1 Mm mil. inoo iniHv .Vim 1 . sills , 1 )i I A II ml son . Krie r I ser 'iiiinMI 0111 j .nmn MH4 ' . , ,,. iO,i . nl (trvhartl.lne tk w.ii.ash , i 4, l.rle l.niinini Ilrlret Is ser p loo,, lllMI, l',Tr clf stii t IIim-UIii V.i'ley Iihhi 117 to n 1. ,K . 1 n,i,m I .I'M I im)i. ( vntrnl iVarl. PineiT ft WattT P.siirtc (Us ft f.lertrlc I'.n Hie 1. n ft f lis-trle pf. Itcpulille Ifnllnay ft Light Co Itepuhlie ll.illw.i ft I.ltslit 'oif (iiillhirn Calirornla Lillsnn. sn-iilierii Californli Kdlsoii pf M.indird das ft Kle.trlc M.nnlr.1 (las ft lilis-lric pf. Tel)ll,sis It V. l.llfllt ft Porte- Twinessi" Ity Llcht ft Pr tir . f nil, 4 l.lKht ft ll.iltuays. . . fttUi-d l.lnlit ft lt.illiias 1st pf. fnltisl IJe'it ft Itallwajs 2.1 pf. I tnh Ms-itrllles Wi-sicrn Ponrr Wi-stirn Power pf llld. Ast.il. ill liu am atf.t IOs not . it4' I.-.', . r,2 f.n . Hi US . in 4s . .ii nt . Til v.! . as ii . (,.' (-,.. . ft 7 . in in .V. r.o .41 47 . I7'( lit . HO 2', Is MP r 7H MP . !l !U . '.'-t :u . H Ml . 110 til . Ill I. II . nsW loo . 71 Ml . CHI 70 . I.-. IS . All 1,11 . n 7f, . 70 Ml . 711 ' M . Ill 211 . Ill l.'l . 411 .VI . 2s 2'1'j . s:i s-.tj . I ft 20 . It'j 41 . VI 'j si . 1.1 11: . ft? til . 70 7.1 . '"I H I '! V. i .' I J.'-. I 7 . '.. 2' 1 . .K 42 . 117 711 . (" CO . II 1ft . Il'j ll'-l . .V) f.4t Sties, 2iHi Amcr Zlne ivo "ArlJ Iliiiiiicsne, .. I'.l Al islt 1 .lnii"aii.. .. 7il Alia (.'on Mill .V'i All.ilila ll.vi Ills l-ilse ler... fVNi slliir Colloiiwood. Six llraiiin Copper..., Win Mlnntli .t'l llr-Ain Tub nnl .. .H'l Unite New York. Wi Cum, II.111 N (i C. 9.VO Car l.ialit ft P.... 17m Cent I'oiiinlry J") Cent V iiiimlry pf.. I'M) Cramp Milp l.vm Cil-lonla i;,i Cons Nev Utah... mi Cons Arlit in,"! Cashlmr 71 Chile Cnpinr . ... 1" Ilia mark Unite.. 2.nn Klei-lni' Iloat.. .. Ki Kli-i-tri,' lloat pf. P"! Knieraon Plionn,. IVaifi 'Km 111. 1 Copper... ivi liul.inMd Cons ..I ?n (! !) rii-lsl .Mfrser. vh llelidee lfir ) Inter Mer Mar pf. ii.'t Inter Motors inn Inter Petroleum., 4Vo JunilHi r.xt I Mi. (.,'.", 27 12 M .IP, I Ii 10 ri fit. e II'. I'i 5't r,l. ! 17 M'. .:, r, k, lite r, l:. .1 :c. :ti 13', est. f,;', 3,1 1:4 K 3! s i; ;ts ii I', i' 2. (; Is', t, s r. i". .1 ?'.i :i7 !'. .tn rat. W, 57 i: VI SI't 1 r, ic ic. i'i 2'. 1.1, ti 1: Ci"s si 2 hi U Hi f. I'S .1 21, 21 ll'i .-V, In.'. M4 rs i:h 91 31 s Ii ; a in in : j-ic HIGH INTEREST FOR CANADA'S BIG LOAN .turi.ooo.oon Xoics offprpii If pro on Itn sis l iclil . nnd ") 1-1- IN'i' (Viit. MAY TIE 0VEKSniS( IMIiKI) Canadian (lm eminent el,, 1 ' noteii aniouiitlni- to 1 l.'i,00ft,nnn r- offered etenl.iy hy the y 1 1 headeil hy .1. I'. Moiit.iii ft I'i .1 P.rovvn Hro. ft Co, at par for tl, . year notris and 994 for the tio -, , note-i, The hasln wax 5 and :. cent. Subscription hook mil ! ., et at 10 o'clock on Satiuday and , ii". 1 i 12 o'clock or earlier on the un,- 1 The nttractlvcncm of thl. hleii yield hroiiRht n lu-.ivv r. po-.. Invefltorc, with the t'-xiilt t'l.tt ' pectetl the lo.tn ill he In .Hi, Kllhscrlhed. It wax lciillK-d lli.it Mtltiillon nhlch had iifkul fm rit Pi IS I S IS I 1 4'lH 41 l'j ' IS Kelly-Sprint: Tlre.lHI , c; 'j , 4', , 14 , '. Par lain. '" tlii ilMileml RAILWAY EQUIPMENT BONDS. (The folIoll)4 are qnntetl on a pe-i-entaKe liasls 1 Name Maturity. Kale Hid AsV.nl. Atlantic Coi.t Line tnil-L'l l-P, r.n 1 pi Ilalllnvire ft (Hilo l'.U l-S.'l t'j 4 ".0 4 Ift Hut. Itneh ft Plus .I'D -:m 4 1, I'.in.ldlatl P.-li-lfl" . PM.V2S 1 j c.iro. ( I1111I1 ft Ohio PU.-! I Hill-24 1 10'. v. i' M II 1 1: ni: :i u'j 3 3H 4- ,104 110441104 14 1054 1014, 1P5-1 23 ' l ', 51 . 24; 23 34 SS4I 3T4 934 22 4, ?' I 50 24, 224 344' SS4 354' l-'IA 7 23 ill 50 24 224 35 SS4 354 !'2ai I'i - . - 14 1 1 4 1'. I. I I SI..... ,1 . Total bond sales ,p.ir alue tl.070.Oou STANDARD OIL QUOTATIONS. . followlnu are the quoin! 'urn fur tin? stanjar.l ! 1 4- 1 5600 Ueadlnir 14T 4 147 4 14 R4 ll4' "i ! 1 3 9 12' 324' 1 12 314 1454 144 3R4 394 4 ' 44' 54' 6 , . ' 134' S44 134 40 S24 per 1T par ; S4 134 44 S2 374 130 12 504 09 54 1284 132 ' 121" I 51 100 0 127 MICIIKiA.N (IIM'IUI, rillC.Kill. lll'KI.IM.rO.N ft 1)1 INCV Alt olrl an-1 ItiRi-the aerurltlca. Appraisals made fur eeiuturt., Mw flrins, trust ens, tunkj and lui'luess houscn. without chiri!. Catalogue nf oer 7j 000 cirpnrale ( Curlllra nn file Recent nil and mlnlnic sloeka tint hanillt-,1 R. P. DOW Tel. 7115 Han. 15 BROAD ST. r icT J General BankirtR Service Metropolitan Trust Co of the City of New York Ocorf e C. Van Tuyl, Jr.. President 4 tVAU, KIIIKI-r tall money on London was 14 per cent, i short hills. 14 .r cent . three months bills, 4 4 per cent. Sterllnc exchange wan loner. Kinal quotation ueie: Demand. 1.7616; rahlep, 4.77'.. The weekly Htateinent of the Hank of j i-.nKi.iiid snoivs the rollowinK ('lianKea: 'Total reserv- Increahed 7,019,000; cir (culatlon decreased 720,000; bullion In- cleaned (1,300,000 ; otlier eecurltlfs In creaceil I24.547.OUO ; other deoNlt.s de-creas-ed 23,3G3,ooO; public deiHisltR In creased 56,240,0110; (Joverimient secur Uies IncrejHMl 1. 410,000. Tho piopor Hon of the hanh'a reserve to lliihllltle It now IS Id per cent., anal tut 17.60 per cent. hiHt week. Par sliver In London, 22 7.16d. ; XVjw York, 1714 0, New York Clearlnir limine statement: Kxcli.inKes, :P5, 391,796 ; balances, $16, .ir!i,724 ; Siib-Treamiry credit liilam-e. "1. 015,5 17. 3 Franklin TruJl Company f 1 star... . 1 it., 1 . . . r 4,nv 4 wrm vynii 40 , a.i aurci Brtk!yn 166 Monituc Street OJTkiii 5 (S9 Fulto.i Street J sH44-lv"V---!r'3 COTTONSEED OIL. The- riec1lis In lard and cotton ad versely Hffeiteil oil ,iii-h No K-lllni-of Importance occuirid. however. The offertngH of lieu ,'Mi'l,- oil aie hiii.iII. ffpeculatlie fielliiK Ii nnne mix d Hi. ill for omo time, .Inly l.lr Slock MiirUel. TlintHIMY, l.eieinis nr peeves neri. :.? h.,.,1 inultily (iiuslBiieil for slaucliter n trnile In live i-Hllle. The frliic as iihiiill elr.nl) Itrraaeil heef 11 as In fair IrniHliil lit Btfailj- prlees nr ill I ''l, 'n lie. per lli. for ili drew, p, 1 nniy,. ,r lleielpls nf e,IMs(M-re heatl. Ill 1I111II111; 3U4 lor the market reellnc ate.iuy 111 ltiiti(f llnn.l to inline ,eaH 1S4 35', 15 60 114 1034 634 111 66 314 K 4' 4 PS 102 1054 '1004 125 '130 69 ' 094 133 '1314 19 36 154 65 ' 45 ' 101 ' 63 '1' 1114' 664' 324' I, ir.A'TAn.llr,n. O ,.f luuiitrnuiti), - .,.... 100 Itoclt Inland pf 200!Humely lOOlIttimely pf 300 Seaboard A I 300IKeatoard A L pf... 100lseara-Ito(.iiicl( .... 2S00ls:(i?R.Shemcld .... 1600 'St I, ft S F 200 St I, ft S F 2 pf..., 200"St I, SnllthweMt.... 5000ISnuth Pac 1600 South Unll Co 1000 South Hall Co pf . . ri600'Sttidehahe 600'Tenn Copper lOOlTexaa Co 200lTe- Pucinc 2(10 Third Ave It II. . . , 210'Toh Prod pf 100 Cn Bar; ft p SS00 I'nlon Pacific 100 I'nlon Pacific war, 1300 Cn !! Inv , SOO'Cn Ity Inv pf 500 l S C I Pipe , 300T S Kxp , 1700 I S Rubber. 100 V S Rubber 1 R5300 l S Steel... 100't' S Steel pf ROOHltah ('opper' S00 Vn-Car C'hem .' 200 Wabpsh .' 200' Wabash pf .' 300' Wells Farito l-:.p... R 103300'We.st Klrs-trlc .' 200'West Klectrlc 1 pf . . 4' 700 West I'll TeJ 6 573: Willys Overland 80 4 ' 24 9'i 124 324 146 SO ' 80 SO ' 24 I !4 124, ' 3241 146 3R4I 404 4-4' 51,1 134' S4 1 144 S4' S3 41 374' 44 '4! 134 S44 144' IS4' S3 4' 374' - '3 94 124 32 146 3S4 44 54 134 S3 4 I3U 16 S2 37 9K' 124 i'i": 39 44, 54 1 134 -in 134 16 S2 ' 37 14 1314 1514 1314 1314 pf.. 124 , 51V, 99 4 1264 304 ' 19U ' 364 H4 1 62 454 1034 614 124' 124 514 51 IT' ' 99 64 64 124' 51 99 ' til. 1274 ' 304 194 ' 364 154 ' 62 ' 5V 1034 ' lit'. 1264 1264 30 4 304' 1S4 351; II', 61 in,; 103 is. 354 ' 15 ' ' 61 ' 414 '103 63-4' 634 40' . 11141114 IIP, III',' .' 664' 664 664' fi4' .'33 '53 ' 314' 314 .; 4; 4; v 4' 's 4' .' 97 100 ' 97 100 ' .1094'lO!4'IOt4'10il 1 . 126 '126 '126 '126 ' . 1 69 1 69 ' 69 ' 69 . 133 '135 '131 '131 4 4 4 3 14 4 14 ' ' H 4 4 s v. 14 14 1 1 'i, 's 4 4 1 , 1 Oil -tucks 'esterllav. Ve,lns t.iv Par. 111,1 Asl.i-1. lint. Askwl, Atlantic llif C tIMI jl "...., .II, lli,rii,--rr 111. . 10(1 U1.11 Vso ;to j., j lllickl-.li-Pile- . .Ml (is 102 !l OJ ' Cheseli'h Mfir . ItHi 7(sl 7Sr, 700 7i':. ' Colonlsl ml Co loo il'', 110 lj:. no I ('ontlr.en nil (' loo 2tfS Mo SM l'iu Crescent fipi- Ail 40 4 1 10 41 1 Cumberland!'!, inn -II 4 4.1 .14 1 liunka I'lpe 1.. loo '.'I., V'J. 2!.. s.v, 1 (laleiinMKiiil. I IK) 11: ' nr, nn n.-, I (lalena M pr . loo 1 r. Mil i:r, 4ii llllnnis Pipe I., liai ).( 1:111 j:i,i 1 to llldi.ilri Pipit ! .Ml 11". llhl 'I', Inn ' N.illiurit Trail 2-1 .11 21 .11 N- Transit .. lii Jus 207 200 snr. .N'ortliern P I. Iiki -si o-, no ,i-, lUiloiiiH'o '-'. 1 :t.t l.l,', l.'ia 1.111 Pli-nv 1 ill new 2 'i III 'i Hi Prnlrli-oilftlias 100 nix at a :'os ai; I'ralrl.' Pipe. . . 1110 K.7 Ml i:, nil 1 !ol.ir ltd Co . Usi ..jo 2.(0 220 2:;o Sum II, Til P L. . lfal'2ll" 211 Sim 211 ' Mi'llll P.i Illl . loo 210, 27.1 2I.S 278 Su.ltlim-l I'l I1SI HI. 11.1 UK 112 IMaiHiili.fc.il nm 2, .1 2:1. 27: 277 Man (III of In, I 1011 l-i: 1110 ,Hn mo M-Hl I III of Null list am .I.M1 Kill J7.ll 1 Man I III ol Hi 11)1121.'. 211 2a 2 VI sunt HI or Neb iii'i an-, :ii.- ;;ir, .n.-, Si.iniiilor.NV. I'm I s.l 10 s,1 I vc, Sl.nilllll,flllll,i 1011 120 4.111 J.'ll 1,10 Snillft I'llli'll . IIH1 111'. II', tllj tr, t nloiiTank I.. IHO 7H si 70 M . ai-lillllllilCo I'll I'.M 21 U Ills 20.1 ' vta-litiiatoii iiil III .12 .Hi :i2 ,'0 Aiuui-XiiiOiI.. J.I l.'.'i HI I',', in Stan I lit or N I. 11X1 Illl 401 .I'M 401 Sub" ell blue" .. sll ... ss'l . . so old 'all on" .. .127-1 ... 12M 1iulsA Nasli Mo. K.in ft Tea MK-ourl P.,eil!e X C' tural Lines .Norfolk ft Western XV. Nil ft I! Pa (len V'n lslit .. SI L. I M ft "oiith . .alsnnl Air Line.. SoutliiTtl Itallna Soiiiliern Pacific. . Vlritlnlan Hallway . l'.n 1-2.1 -i'j nil 1-2.1 l'.ll..-2. l'll.-.-2l 1 HI -211 1H2-' I'll I -21 P.II4-2.1 (- 1"! 1-2.1.4',-llll 1-2.1 . Illl 1-2 I .'. I'll I-2J inf. 2 I -. i;u:.-2i i1, IHIV2S tl .l'.U 1-2 I 4 f .I'll 1-21 .' .I'll 1-2.1 .1011-21 I ' d .1914-21 I'i .1UI4-1U 4 .... (12 .2II 4 ss t :,n . 12 7.;o t.to ! 1 -' mo 1 t,'j 4 2.-. 1 ;. j 4 SII 1 mi .. ?,n 4 'lo 4 .' 1 f. .-1. Ill 4 7. 4 I'll 4 il.. I 1.2 4 .VI 4 .Ml 4 2.', (. (1 .VI ., II.". 4 I.'. r. 12 ., 00 4 .. 2.1 1 .-..-.! 4 Ml j I .10 ' ''i I 2.. I .-.n, 4 ss I 4 70 ' .lin Iferr Lake fi Keiiiifs-nlt Cop... "io La Itnse 19'Iiiio Star l&m Keunnaa !) Manoiii of Am.. (V Ma.-ma Copper.. 1"J Montana Cons.. 1I' Mother Uiile.... C M'KIn I) S Mln t '.M.ije.i. Mines. Wi New I'lah Hun . :.Vi Nevada Hills . . S.V1 -Oro cn Pitene Mf.-.. . ST.". standard Motor" ra Hiker tier Corp f') 'Sells .. . 1IM Stand Silver I-ad (JO 'SlKs-eas Mm . . vo Stewart .. 1 l.M'i Trl II11II11111 . .. J") 'stiix r Minim: . . IOO st .tux-rSh Lead 7W slirllinr (iiim. ... 3.71 Tuiiopah Mirier l.w Tonop M of Ne :. i("i Tunoii.th Lm ;it 7'.n T.iiiliinuw. Clipper 'n If. Cn Cl2 St of Am IV. 4,hi t'n Cir S(r new iat5 Cti Cur "-tr- pf II', 1'4. Ventura Cons Oil 410 t'n Profit slur Iii'i Wasatch X-..i 'W,.t Knd Con.. "wi World Vilm ... STANIIAHII OIL 114lo .Mae rh-jii .' lialrna Siiii.il Oil 41 Xnr Pipe Line .. ysu p ene O.l n Prairie Oil ft (7ns . Prairie Pipe Line 1.1 si and Oil ol Cat 7 stand Oil nf Kan : Slatid Oil of X J r. I'tiion Tank Line 110X11" .,". Kellli" ntl Copts Us ..-S", Pier, e Oil i.s 71', ir.si.si West Kl ' onv .".s nli f.'i I of the notes had been Infm ,m ,1 ! looked as if It would !i lin.tbli 1 more than .1 hnlf ot th.,t n-tiouv notff ale free from Canadian lav the Dominion will not borrow i : tlie I'nlKil States diirltu; the . calendar year It was said. Tho hlsh Interest basis 1 ini. deuce of the rlniliRe III the pr - .,' tal that has been broURiil 11U.111 1 new Urltlsh war loan. The 1 . the Canadian ( iovcrnnient s I k in Its previous loans has I n 1 borrow on term'. vlitu.ill tne s those on whlrli the Urltlsh IS..W has borrowed. number of the ( anail.a 1 and municipalities wheli hn- i-.-111 this market since th- w.n- 1 able to Ret loans at lower i.r. the Dominion hart had to pav because the earlier loans . i-ne the new K'reat Urltlsh war '..,11 a hlRher price for capital tl. per cent. rate. The basis on which some n Important Canadian provlmi.it a nlclpal loans hae been lsip-d ' recorded In the followlns list I ary a $7,000,000 Montreal '..a; sued here 011 a 5.l'. per not 1..' February theie were live Can.ul , lilacitl In this market .1 : Toronto ehort term loan on .1 I cent, basis and a Jt.r.i 10. I-,. loan on a 4 95 per rent, baf.s. .1 j (111(1 province of Ontario loan 01 I per cent basir ; a J.'.r.nii.ooo . Saskatchewan loan on a .'.' per basis, and a J5.riOO.UOn provu- . toba loan 011 a 5 50 per etui I...- other Canadian lo.n s h te , !, 1'a 1 !1 follows : In Anril. ?'i (i"n. 91 . of Oneltt.r on a 4 ST, ll.le: . 111 M. .Montreal on a 1" 1 , Alberta on .1 . 4" has- , province of 1 i i , 1 1 P , 1'. 167 'i a. r. 11 .Hi n 3-1 lk'i 1. I 1 1-1 l.C 1'. K 7 P- 14 11 -1'. 4 6? S lS .1 :ta IS .Ti'i r, 1 eS l' 1,17 Cs n 7t r, n 3' i:. ,ip. tit 1 9 IC 1 ?1 l 'IC 1 9-16 ::h lis w ir , :t :-i :i :i 711 21 ic i:, :t ' 11'. r,. T'l I' ll I 11'. l'. M e, . M "1 i' TO t IM( 1 13 14 I OOO.IiMO S 11 a ftno.OiiO :i :ii : 1 000,000 l.-'i K', I2'i I basis. : ie t : if.. ic s; 37 . : j is : t,-. ;i, : 10, i'l ', '4 !. m ik. UU I !"t ic; it. 11'. 18', I.'. 13'. ; la ic : 13 i BANK MERGER PLANNED. p. i'. 70 3. I S'. ClliniAlllK K 116 I'l ?', 3! l.'.l SW (1 ) llll'j I.V, 116 '.'1 S .tiVl l.'.l sn : lis il s ln.i. 1 s-tc 71 3. Ks lie 11 9 .110 C! sin ei 75 11 71'. ln.i. Ceiillir)' VeKotltllltll- to (he Sei'lirils , lot.,, (tier CURB STOCKS CiOSINQ. SHORT TERM NOTES. Int Si en- v Hate Pav AT.'!-!' S A-t) I AmCOiK' I'i A P I AuCopi' S M s , ll.Vdlilt 4'j .1-11 ! ll.tllKIt I', .1-0 IlklMlllT ' C.iiiPKn C 1 CliixKIHK I l'h.vMltlt J ! Colll'l'o 'l 1 1. I.N-1 1 1 l.l ' I Krl.-UII . . Krielllt. Krielllt. I licilltnli ! lllK'UV ll Intllarv , l.il.vLH'o ! 1.--A M-.lt 1 l.-A Ms It 1 .Mlnill'K'o.'l 1 N : Na Co 11 ! N VCVIIIt I SVC lilt 1 I N Y.N IIA IH 1 Pal! It.-iu 1' 1 Sollyi'o s 1 nll I'o . S 1 CllKillllt'o 6 West Pow Wsll.VliCotl .1 I M-s .III M.s M N .I'll A i A -II All .1-11 M N I' V All Due Apr. I .Nov. Mar .linn, .bine .lulv Mir. ..lime "ept. Mav .Iiim. I let. Apr. Apr. I Nov. fell. Apr. Sep'. Ii.-r. J 1111.. Mav Sept. Hid OITer Vl.1,1. 16 W'olill ,1M I. '13 IKi'it IPO',. 3 on t ;i 0.1 .?i r.r ! l.'i: Ml, !M l.'is S.' I.',, l.'l ')', l) S.'.'l nil",, me 1. pi e,i",'ii t.'n toi ii),)-, lis I 1? 'Iflj CD ..) IJ.'IU IM', IIKP, 3 5s I. 'P. lal, like,, .'(in l.'H Dll'nlOJi, 4 so l.'l? 9-H 9)1, 513 V.Merilav. Weilnes,ar. Bill. Asliel. lllll. sie. American Zlne .',t,'j 57'. :nl .'.7'. lla funs Mlilliu s .si sa llr i, len Copper I.. 7 if. 7 llritUh VmToliOrd. 14, 1.-. H'j 1.. JuiiiImi Kxten.loti. . P. I f. Nlplssine Mines f.'j n'. .'' '' lift II Co-p . f.', (,'. ','t t'.!. I'niusicies. new iip, in1, ni'4 nn. I'lilled Prortt Sh 24 '-"' 2' Wi-i linrt Cons. 70 71 (.0 71 World I'llin. .. 1'. il". .'I'i :t'i IHiND-J. K'enn.volt fop f.s .lis ltsns list; West in j lilroln .'.s ins Ills', IPS'. HP, 'i THE COFFEE MARKET. The coffee futures market wns r,nl-t mid steady thiotii'h tlie greater part ot the day i-Mti-ida, liut toward the close prices eiiKd off sIlBhtly and tlnlslieil ,1 to .". points off. The cables were .ite.ulv showitii; nn nil va nee at Itio. Offei-M 'n 1. 1 l"i us'n J -,i j cost and freluhts were about tho name, l.'H CO",, ioi :.", with some better bids reported. Til" 13. is liit,!3-i', in local spot market was dull nnd featur' i.'ts ii.1-; im 1 h ex. witli limitations iiiicliniiRiMl at 0 i.j it in cents for ratitoH Is uinl 7.I", for I'lo The Ciiiturv Hank Is .o-t, the tikiliK ovet of tlie S, . nnd Is In nesotl.it. on In tl The ti suit, it is said, "lli tn , e tury Hank the s,, oml 1 1 , --. State hanks of Nt-u Vor' ' ulll Bie the ImiiI; d. p.,-. I - - ("in and resources of $27.5""." Century Hank iiis drin-.t- ("i" anil us,, tn, f Jin Seem ity li.itik has di p, -l 0"" and teMiinces of Jl'l,""". Tile tncrRi-r Hill b, a. . c-. prcsciit plans are com ud, I. the piir-ha.-c bj tlie fetitiii . curity Hank's asstt, 'I i, -"i ntiiry Hank. It is 'Pi I largely held bv oihir Xeiv iK Institutions. Thf i.i, t'etitiiry Hank is lli;, I," I. mil Me president of tne .. Is It ltns Appleton. 1916 REALTY VALUES LOWER Tnx llonril Vnrn Proprrt. ti,uers Aunlnsl ..Priife.sl.iiiMl It ! m ,r." A statement lo I ' 'I terdav scttltiB liuth t i..r tlons of Manhattan v . i. ' late have d( preci.iti-,1 ,. schedules lll be on a ', those of 1915 n-tis p .'iBalnst "professiiii. ,1 t., The hoard alleites f, s hae taken BilviinSaKi' , i onilltion. and line e -e letalticr.s based on a i I the l'.U 5 ll'iures l'-ie - diets that when the .(.i-, . lines are ni.nlc i , 1 1 . ; , tlie.e linns may .r ,1 ' o nei h for K cs .1-1) ,1-U MN M-S All (let. M N May .III (lei. p. A I'i 1 1. M-s M,-,r. M N May M Mar. A ll (lei. I. '13 101'i kip, t.'n IlKl'i,, us,, l.'l 101 lul l.'l" ?C, LI IS.'l li0,,0 umi j I. II lim'. loos,, l.'ic LM', in,)',, l.'l.. ,),i, nsj , I. 'is Iihi'hIw; 7.17 OT', 9.i, l.'i' 101", ,10.' l.'i; 9 n l. 17 ? v.'; S ml ; 33 5. M Il Ii ? 00 700 4.H :..'o 4. VI 6. H 4.7J .'1 7. M ROCK ISLAND NAMES S0H HT ( oinioltl,-,- s.,.,,,1, Iteitoesl I-' lltinil I it forton t loo. Ilr.i.ili.ili mi, 1 1, els ,ro steady I ,s iiilv.inci-il ... rein to 4$'.'7.V Sant-w Is weio iimhiiiiKi.il at .i$.stin. Hiu Santos receipts totalli-d 1111,000 bags. Sao Paulo had .',.", Hii and .lutidliihy t77.IUI". I'l ices were : BID AND ASKED PRLCES. i , i l Ch'sine prlees of slocks lli,l. Aslail in n Ills It there were no trans u I ions )etct'd.iy .luiv .. . VllCllsl S. pteml.er (l,-lt,ller N'oveiniier lleretnlier .lanuirv . IVttru.iry Maiili ... Vprll Mav lane llll-ll-est Lm. est (';,.. I n it 7 in) i. 'il .,) r. .3 C..V7 i. an i.i i c . a . 7 (II 7 ni 7 1 I 7.11 The p-(itert,ve .; tn'i - . carjo. Hock' Isl.n . .in. I -tliet and refiinili' u ' ,in posed of Cli.il ie A I'. ,,i I-'iilb, o. William A lm llempliill ami Allien inn-stini; holders of tn- I the r i,.itiiis and a !d:-, - in ini-ir ii , limits to ti- -. committee, I'. (' i;..,nl., street New York n Whils a ptoieetiv, ,, :i , deposited with tho . 1 1 1 i pan.N. tln commit!,', ,i, tne deposit nf the no- U l'-ev. Cln.e 7."4 f. II S3 1 Illl Total sales tn-day, . C78.7O0 shares. Same day 101 I, 132,703, .Iniiuarv 1 tn dn'c r,0,275,S'!5, Same period 1014, 45.966,5!!). Where a "c" follows a quotation it Indlciites n Wd nr offer fur 10 shnre, CONSOLIDATED EXCHANGE. i.i ai 111 nn ir ill r,n urn n. lulls at ; on .( 100, (llipi inlsril calves , nl linn ti IS 7.".. irriiasers and sklin-inllk ' cje al fi 7S l'lt illessril euls ueie Ht in ul 13 l 17i. "Ill, a few aelllui- nl ': 17 ; country dreaseil neauy at Ii i lie. 1 Itrcelpta nf alieep ami Its Hi ti ere lienil, IniliiilliiK lo rnrs fur the market, . mh I e. Sheen .tra.li . lanilis eie"ii, ,i I 11" IllKht lieloie, II declined to 1 3 fs Tradliiff was concentrated to n ureal evtent In th "war stocks" and the sleel Issues uhlcli are Kettlnk to U classed 111 the war group, Of Baldwin I,oi-oinotl e , 7 f shares chaiiRed luilids, WeslliiK lioiise I'lectrle 7,130 shares, Crucible Steel l.ililO shares, Amerlcaii Can 8.305 shai-fs and United States Steel common J;t,::ii shares. Tliess stocka accountr.1 for more than two-thlrds of the da's K i ji ti,l lolal of 54,075 shaiis. The raill'i.ld shares, us. a ishole, eie cohil aiatlvely iieijlecled, llltliilUKll tlieio was special softness 111 some eases Citiniliaii Paclllc wt' w'ak, Inlluenced In fuilhi-u iriKirts as to poor e.irnliiRS. Sfler oin'iilm; at 112, uncliaiiKid frnm 105i. Haldwln Locomotive sold as lllcli ll" 77, but closed nl 71'., while Crucible Steel touched a IiIkIi of I.M, bill closed at 4'-,. I'llilod States Sleel common opeced nl fit's, iincliaiiKtil from W'dncsduv, toiiclrd a lilsh of net, ami tben di cllned to r,3'-., closiim" at fi3",. Anaconda old stock sold at .14', .-mil 35 THE COPPER MARKET. ppM July . splf mlif r Pectmber l osini; P u es '. 'l.si I. I , h I'll.l l. I , li II ,11 I, Hi', t.llo ti.Uli l",,,se lllll i, n.-. i', nr. i, n-t ii 07 leiu,iiil an, I !, si Krinles striiue; others sie.ol)-; (he tuurki-t clu.fil ilrm i,u pest lllllllis 11,1111111111 In pilule shrep (ewes) ' sniil iii H.on ii i:,.7.. per I'l'i IPs , i inn . I until iii eli, ill e lauiiis a- i', ,,tl .( S.,75, I Ulll III i .'.o. IHI'MHI III'III'MI II-ltMJ !! - '. i -i per II,., dressI liinhs st 10 (i l.',i . het l,,,(( ilresndl .11 Ijl.i llnrlpls nf In, us were v.M head, all slaiiKhlrrers Nn sales nn lite welx 111 , niarHfi iiiiiiiniiiii. .ir.11,1) (lchlnir.it I3Ij'h St Paul declined from I Mi"! at the opci Ink In 7S'i on renewed ! talk of it ilhldepd icdiictliiii. It closid I nl 7'.i'(. I Tile "war slocks." us a rule, were ' ci sir mi- mom of tin- day Westinii I liout-e I'.lcctilc liiinrwi', reflected sell- lllilf. It "I" lied at lull orr " of a point ftoiii Wcdii sday'ii cloalng, rallied to mil", nnd then fell to IK1', clnsinc at Theie was nn litiproeiiicnt In Irs for cupper jcsieiday from Cables hi-oiiuhl fiom pioiiiliicnt lliiillr-ilii-ii.iil. ile.tlcia 1 1 1 , IIIK ill Loudon Indications Hint movement in the metal may stall before the end of tlie 1 1 1 n sJ 1 1 undo- the miihpIccs of forelitu deiniind Tlie ilnnicst Ic m.il kel was ipilcl. PiKlinriH iii'i,-,l the in.ii Kel iiDiiilnally fiom in Hi llii(. c-nls a pound. Speller could he seemed, .lecoidliii; lo pro-.luceis, nt l!ii, tents fm piompl sliip meiit. The demand foe niilinaiy Kiadcs was IlKhl, llltliilUKll til" bcsl iiialltles v.cic tiinlntiiliied al (ili'iip t licit Inuliesl price levels. No Improvement was npiiaicnt In Hie lead mm ke nnd pi lent urn a result nui tlmieil Mift. Alikh i:'i pr lll-.ll pi s 1 ''ft l-'pf II I', tnCoil VI M'allllpf S'l'j Al.li'llpr 27 ALo-upr 0", AMaitpr A-.UI-.R 107 vli pr ,'i i A'on.3 I! pru 7'i', AinSuuir 1 1'. asiiuii pr nn ATilft1 -,n cii.tipf mi i,l,n 20 is.ipr sii AUiiiPpr '-lst' ;,' .Mir I p' A Mel L'ir l( I li.e '"I lllll ! I opllt f II. l'lM.lllls I , III llll- pi Illl I, III. 1 III, 12.. IIiuiishT ;, III,,,!',!-' IuicmiIi 21 lleXIl lf l.'l lllll 11 A P 71 llltftl'pr llllc I'llltcel. I,. 2. I lip... (VllSo M I II KM 22.-.,-('.. Til laic ( 'I cull pi 1 1 1.1 ', I 'III I M, ("I'll l pr 12' I '1,11,1 I M ft HI' pr ft I 'Ml '.'.(' t l.l i -i". "iiir-2 ((( .( -II ( I, , I'll I'l' I l.ll I ,, . PIC pi Illl 1 CnlftSo 2', 1 1 U '. II'. ! II." il Ud l.i III)1, mi', 1 1, I.'!' I, III ."II I.' ''I , ,,IM, 12 V 101 I I I ' l.'l Mi -s I Colts pf ('Ifts.Jiif. ( 'ivxt .irp nic , I HAW urn 1 li-c-i. of s n.M.'.i'ii. .-, , HMfti ii pi -.'". I I lei lid lite llelft'M Til I 11,-I.VM pf Ml ! H,ll 111' ,s llnl. -.! I IWMft pf Hi,l'l'if 1 l-'W o ,l Illl , pin.i ,r 120', I, Wild I 711 , ifA llilpfllll I I M ill 'll p' III, inn in-i si , ii ii pr ! II ,e. N.I ' iii- n.i pr I ll.lll'.iip 1 1 1 1 - pt I llo,iiM I Ho, I. .ll Illl ul ' I'ii u pr llIM .!( ' l lot ea ,r n,.l.,sc- ,s 1 1. .11 I pf 10. .III'M nl.. 711 MTlS. M Pf I,.' liMicsM. a , U I'M pr in, l.'.l lllllli Illl I. lift 11 ll I li nf. 17 LftMTo 2-M ' l..'l''l in, (Of -Isl III 1 ii, it'd I - I .. H , i I .. N,i,li ICS I III. I Ii in i.f n 1 I Wll p I Mai 1. 1) 70 "17 i "7 l.l 07 I Ki ll e, "l I 'I Asked. Ill 12 Ml l-.'ll '.nl i ii ton hi-, I-.-21, 111 , Its III l ', is i 'I'l 111 III '. 112 12 20 III 10 O Illl I -II I I .' I III hid Asked I M.i'llleli 2 i Maul.! I :.-, Mi, I pf s.lij ' Mm lis pf 03 , Mi.ppr . ,-7 Micw ri inv I MlilftM I. 12 ', ' Mftsd pr 2-. l s. ' s ! M 11)7 1 M s ' .s .l l 12(1 l l'.( slll.l, 711 Moii.t ii,r ni,- Mi.lilP III Mi'inP prin.' i M,,"ils. liu, i NCi-iL lin N -it 111- ll't' ; Nitllls plU'O 1 SalCftsi 711 1 Nt pi Illl .Nalt.il pi 1117 ' NliM I pr NVC.(.s,, -N V Chi ft SII, I pi ., In 3 ( ft I sii.'ipr ' N3 I .ft W III Noirft ,i s i N..r ni . 2 Ni' r.i in. 'iliisil'l 2 p.lll.l III I P. .TAT '.'S p i at pr ni I'i Ift M -,s , ivift.Miprti'i I I 'ill., I. 11' , I i'l ('AMI. PCI 'A . 1. 1 if , pi nvvc i .37 Pill -S pi I'i sill V pf ll I , Pun, rl 'i- Ion ' , Pullman I .'I ! '.'uh ' ,1 pi I It, ml I pf ill I Ito-'klsl 1 1 12s .M In Is SO Ill 1I2', 127 7.1 slk IS'4 III', ll,i, 120 1 2.' 1 20 72 ' j tir,,. in-i',, i it 12'le ' i op 1.11 Illl III 1,11 HI fi! ! sLfts.'ipr V I ..iiv pr I Sen.. 1 1 pfl'.M l,lss,,, ,fM) Sslilcsje ' SSKe pi ii; "ol'lisil 1.0 Sol'll! pf s suiii pr 1 1 SoltMA.li oil.. s'.mdMill :,' . si3inipr r-.'O sllldeli pr lo-li. 'I CM 'I isl 12 i I. r in','. I ',s.. 1) 1 'Isl.AWpf ,l I 11 l it I' . ',11 I'll'lll-lld I..'. i n, iii, i prion .'1 1 Ift P PI 2 ', I I'.IC (,l Sl,. I'CliCllj I..', I ('luM pt liu , I 'Hr.iil pr As I'M'IP pf IS IMinltl -,i i "I M i.r ss I 1 sit -.(in. .1.1 , vnccii pr pi ', V'ltt'AC as'. .-il!AP . ' V III'-HI V Lie HI pf W M 1,1 l.l .'J W Ma-i of III') lliu 2 l.l 'Vi'llli- pl wiift-t.c WftLLipr a twW!.;;"r2s'' ; iMisii pr nn lis , l l i, lend Win ic a e ' n onnl.il nut i .oes a 1ml ii lor n alnu-ai Asked 1 1 li 121 m 1.17 I III Ml IIKI II, 71 Illl l.'S THE SUGAR MARKET. ti 1 in ' "o in? 2S SI IS Illl The inw siikiii- market wns er pilot ' Vrili I'tlllV nnd no cliauei. In ouilli . I was i.poitcil. Spot iiuotatliiiiH 'cre 1 1 1 1 1 1 1 1 : 1 1 1 - iiiicliiiiiKi-d nt 4 '.i cents for cabas nnd l v (cms fm- I'.. ii, i Iticos. Tin. tcllin d Miliar market was ipilet nui unclinimcd. The ilcnianil for with di.HMils on old coiutncts huh liulil. I. isl inlccs we iv uncliaiureil at ii.l-1 cut!., hut icllncrs cere still accciiuiir; business nt ii cents. The stiK.ir fuliircK market nt the I'o'fii. liM-haiiKi. active, with prices -.ih--i-. Theie Has sumo liipiiil. illnn and the d,. clliic or ii Ices icaclicd stop loss ord-'i-s, Total tiaiisactbiiis I.".'.i.i0 tons. Prices I Ken' : , .I..H- Villtust H7 i sepieniher II ' 1 1. tnlier I -, i Ni einlier III', I I'.1' eiuli-r , i . .laitii.ti i , , l i hru.ii-y MllMll ... l.il! la .In ne llltll. t. il 17 3.0;, Lnn est. 5.71 21 12 211 L'O I I'i,).. ItlE :i ,,i, .1 1,1) :i.7 a " ; 3 I'l 3 0-. 3 3 nt, 3.10 :i I', 3.1 :.'s DAILY TREASURY STATEMI'Sr "i VAIIIN(JTIIS .l.dji I l- I lie receipts ,,,i, ili-lutts.i 7 I pry sIiom : .Inly.- -1 . Ke,si,M ..'.'' "-. I ' lin-hur-enii'til . .".7 1 37 s, ii Pencil :i.lse. ' lie. voiis frnin uiito'i .1 ' intermi rei i-iiiie oriinu . ' linn las. IMi. ."C; hums i .N'.iluinil InilU poles i. i lion. II.'Hl.i.O: The ci-h statetnent n ' " Tien-iiriT (or Juli .1 li... tili.VKUAL 1'1'Nli (ifiiil ernn linlil cerillu-.il- silier dnllai's silur certiiie:it.. Pllltel slates notes Perl. lied die. k on linnlls N.iunii'il leiuU mites siihsiiliirv s'lier. rumor to. silver liulliuii Cash in 'I re-i-uiy . In lrllinn.il pinks Available eih in Tieasi.r, hanks . lldii'i eurreiu !'iili,li. -Net hll. inn- in s ucr.ii In- IllisliltVli FI " liiili ciin ati'l liiilli,"' Till T PI M' To redeem IMI l .lll-HII IS'I I ' 4 ; i .iti.l total ca.li ;isel in 'I' - Pl-ev ll,i. e 3 13 3 I'T. :t.n i ,.o 101 ' NEW CITY NOTES. i Inllou.l I I lllll I ll Her Int. seciuli.v. Hale. Pal. Hue. Hid direr Viell (lty . i M s n,.pi i. n inn.,, pvn.Mi(i N "i Ciiy M.s Sep. l.'H io.m, io;i, , NVCHy...e M-S Sept t.'IT j-JJ? HH 4.00 SUB-TREASURY STATVMr NT PaM Paid W I l. I ! S,l, Tri'ii-a, , '' htiks I" Su . "I trained tn !'' li aits. i.'i ,.i, - llSi I' Pali hi s in Ti . i Paid hi h ink. ' I.ntt In h.,i,k l.(IH t ink- ' vloua ei-k ..