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THE SUN, TUESDAY, DECEMBER 14, 1915. n GOOD RALLY AFTER DECLINE IN COTTON Open incr TiOM on Liquidation F.HrcHy FtVcovprpd Before flip Close. FIB MNKSS OF HOLDERS Potion tU k-ro.itly unsettled yester rfai n Hi price making an openlnt! bre.ih fif Mhniit JO point from Satur day s ulutllH ""1 recovering moat of tha lis before tha rlose. Liverpool had v- sharply, and there waa also a Md ileal t eelllnB on tha opening rail II . result of overnight margin calls. f looked aa If there had been a pretty IhafOUfltl shekeout of weak long cotton, i,i prices IiimI broken mora than 4 a Mil since laat Thuraday. Along In tha afternoon tha undertone Secatnn murh firmer and there wmb evi dence of heavy buying by trade In ereM. I'll some purchased which were Ml down to tha account of tha Liver pool Dtraddla Interval. Tha difference between New York and Liverpool at ona UflM yesterday were tha wldeat of tha saaoB, and on the undoing of this trans MtlM It la nld that proflta of IS par .i were tiiken down The recovery In the afternoon waa dua almost entirely to the vary bulllah apot advice ent up from tha South. A Mem pi ii wire said: "Tha demand here Sat urday from American and Canadian mill waa ravenoua. Liverpool was aleo i good buyer and seems to Indicate a dliposltlon to buy on break. Can't feci brih while thla demand conttnuea. poi show M etgn of waakneaa." Wlraa from Texiut alio aald that holriera were firm and that they refuel to aell. T'ib break haa been dua almost en tirely to the eelllng out of epeculatlva leng contract, aa there waa nothing tn the liovemment estimate of Friday and tn thn ipot situation to auggeat any btari.h developmanta from tha stand point of aupply and demand. The market at present is highly un satisfactory from a trading standpoint en account of Its quick and sudden turns. The public Is gradually retting out of it. Murket closed steady. Open Hifh Low- tins- Prer ttiv eit. est Ins. Hoes. PereroSsr 15 is tt.lt 11. St lSJi 12.12 U laOU.lt January 15 11 11.14 ll. ll.MOll.17 1S.1M1I.U Bare . '5 a 15 4-' 11.01 lt.4lf 11.41 12 gfltfl its, . iiss 15 15 15 .i t; a i:.:iii5 4 Jnl,' . 12o 14.TT 11 M II.T444I175 KnulJTI October.. ll.i 11.14 11 W U.MtjK 31 I2.tap1l.s1 The local msrket for spot rotten was quiet. H points decline: mtdilllnc. lg.la Southern r"i mu-kcte otflciaily reported were un dietied 10 to 5.1 points deohtie Nee- Orleana. lJt.; i.aleeston 15 Hoc : Sarsnnah. 15V : g.mrtit.. 15 c : Augusta, u 76c . and Houa tan. lisae New Orleans market opened steady: closed Open-High I.ow- Clos Prev mi el eat Ins close Becemher n 11 U Ii It Wall J 11 5irll 'li'iarr II TO 1515 11.71 1:021112 "1 15 0n 15 "7 Mwh I5"i UJC 11.01 UMmUM lSJfTSMI.M May... BIO KM U 1M6B1JI 15.at15ili The Lirerpool market opened easy There a raoilerate business lu apot cotton, with middling it points lower l 7.6M Sales. If .000 Sties: receipt. 21.110 balea; American. 11.000 Isle. Closed irregular. Open- Huh- 1-ow. rios Pree. lug. el eat Ins clone Jan b ID 11:1 7 57 7 H 7 i5 Mar Apr 7.11 tJtJ ' ' 5"S ' 4'a May June 1.114 717 7.IJ 7501,741', .'nlv-Aug 7.20 7 21 7.11 ;.U4 !. The 11 A V. btd la UTerpnol were: Janu tr.. 15 ,l : March. 1217c ; Msy. lt.Ha : July. IMle The oiarket there la due to open to uar ' to I pointa wlvanee Port rearipte and atocaa. Re Laat Last ceipts year. Hocks. year Oalaeaien. .. l".oa n.w JI4.:.4 T74.71S vew Orleans t.ajf 11. u 355. i7 tst.aH Mobile TT..'. so an B.M 44.3TT -avannah ... M7 17 as: 4.el r-..vl rharleaion .. I,IM a.aal iu:.! l"7.M3 Wiimliiton 457 1.11 44.17 JlJal HarwUl 4.74a t.Til 154.Hi V..v Imenor rei-einta and atocks: Auruata. ,M ! !M! ,,; Mfmnhis.. ... 7.447 10.441 351 71 MJM Hi Lnuia M l.4 li.oiH ni.4: RoUStOS StAVO 41.01 '..1.234 140.M Gstimaled port Laat l.aet racelpu ts day week year (lan-eaton 11.00 to 21000 30T J).J1 Kw Orleans... 14.W to W.ou I a, TBI i.KT .r yeaterdsy arere 11.7U balea Total th is tar thla season. :.utU.71l bale. Total last caaon I ItMM bale. I.4.U. a week age and i.o.io.oso kaat yr. frovlelona Tha range of valuea ev rather small. Uoeral hog rf-epn rauae.1 more or less) eelllng, but Ihi re was eupport from packers and other ehorls, so that prices wsre hardly snTe td. - nr mmn priceit High- Txw- rioe- Tree eat et iti- cloe 114 1I1U Vf,'. TT. IU'4 117, 114H 117', IK, 10; 4 lost, ivs loi', 10TH 11,..., Deoember 1114 Mil July Corn: Deoemher May Oala: lle "ember Pork: January . Lard: January.. May Itib: January slay "IVa 414 444. r sit 14.13 a an .M 7 7, 71 S NU 4" 14.17 11. E 45 l.fJJ ioo 7t 70S 17.W II 0 .(17 .XI a New York wheat price a were: December. 71 41 li 17 IT .17 r 714 41'.j 44S II.M ii M e so 3 Closing THE BOSTON MARKET. BOSTON. Dee 1. Small de'-linee were tha rule in the copper eharca marks! lrnby. which sold off 3 points, and American Zinc. IS lower. er.. about the only si.no- 10 ehow more than fractional loaa united Fruit de clined 14 sin Ventur Oil 4 Tha summary: MINING Open- High- Ixw- Cloa mUM Ing. rat eat. Ing UK Alaska Gold M4 214 554 ns .to Alleues 114 MS k., k-, twv, American Zlno. .. s S 4 US IK An, onda KS WS MS M IK Anion com ..... W 44 la Butt Ales Scott 94 4 14 e m m anai mine superior 7v M: Calumet A Arts .. M4 47 .'4 Calumet Heel U3 u Ceiitennial 14 II Ki Chlno 114 MS M Copper Range . I-S M IN Daly West 4 4 10 Kaat Butta 10 it M Pranklla 04 4 116 Urcnby 774 "74 1 Oreeoa-Caaanea 44 4 10 flare'ock :t.--, 144 21 Island Creek 4S IT. I- m Ra.i i "f.l- , mm tat Kerr Lake 1 1 44 10 Keweenaw yu ; 4 Lake . ir.u, ma in M(l Mass Cons 114 1114 Miami aau 131. MlehlgM I S s m MS "1 Nerda Cona fU iu U I't riew Ar.-a.lian BU v sis 1 ana liv 11a. 0098TP OF WALL STREET. S TO 4W 44 Mil I II 154 2S w.v, m. 3S IS 144 144, 7 4 44i HW llla 44 -'. 'nS lS s.i . U4 MS 14'., n us 1 30 674 13 14 , " 74 R4 t l"4 as MiniMii,. Uf North Butt.. .. 75 Old Dominion . N Oaneola 20 Pond Creek To Quincy N Ray Cons " Ssnt re m hnnoii tor Bbattuek r. S.mlh T -1,- 54 at Mary Land.. (4 IN Sunerior Boston : las Superior Copper... 24 1 Tamarack 4w, 57r. Trinity ! J i n Tunlnmne jv 31 V S Smelting 44', 4 17 S Smelting nf . f t'tnh Ann 14 7i. Utaa Con n. S2 ",n c"PPer 744 M Winona 34 r.t asil 34 7 54 ; a sv 4i 4 114 S' 114 .S u,i, V 1 74 MM '4 M :i'a 4f, US 4.1 14 4.1 4 I 74 134 54 17 THE GRAIN MARKETS. Wheat Scorea teoad Oala Vlelble Supply risrare t'rltlclaed. The rernt 7 ent receaalon In wheat valuea douhtleaa served to bolster tha 1 i leg po-iitlon of the lilt. This waa hut mllec'.ed in the ubeence of linportant llquldltlOfi yesterday, although the qulat rab'.es from Liverpool, large racelpta of at the Northuestern pointa, rela tive weakness! of th Chicago December DOgltlon and the strained political altua tmn Involving the United mate and As!i :i-IIuiiry were force ordinarily sufficient to ahaka the market. It waa not mure pointed out that the marketa hiving the heaviest farm movement were subjected to the least pressure, Mlii 'iaB0ll flnltl uig with ad var.ee a of about 14 rents for the day. A vagug atu'ement waa again made n promlnn speculative eiuartera that Ha buil market in wheat waa to be atimad and there waa something aenaa i.onal yet to be published. Home opera lor !r m themselves tn such clouded re rrrkn becuuee of the recent comman rle, ring action, but BOngervgtlva believed that, n:th Imiortant liovemment reports to be laeued on Wednesday and Friday and :th the year end holiday cloaa a", har.d. th markets would be Irregular ra'her than demonstrative In either di rection The aentlment In the trade ha become lecnledly confued, bear having IsMIl iir.ed because their atatlatlcal analyse have been misleading. ggart biylng of about FOO.000 buahate at -Ii h r reporta that Spain had aurhor Itsl ' p ir hane of 7. 609,000 bushaia of otat :n An. erica, buying for professional sharti and through acstteiad commlaalon Iptisai ; the reported derresaa of 2.. 7.1010 buhl In the visible supply wer fletor In r'-e market's strength. The aea ec,ri rlraneaa ef l.bou.oou hui-ueia fos tr day served to off eat the Interior ra salpn of , 414,001) bushels, w hich corn -Par, I with 1.IM.000 a year ago. The a t yancsa In tha markrta were gradual, fn. loali.g iha hesitation and irregular do Unai ' na "parting of the Maglon, bulia rguad :hHt t ie Mlsanurl Slate report glv. Ie the n Inter wheat crop t 26.000.7)0.), M ' tha i lovernnient'a eatlniata of 35.. i Ob ilk!, nd tha new wheut eongj. '' -5 per cent. gtnat hi,t reahadowow official reporta In their layer his eea. Th visible aupply atutement sr is ssvsra'y crltl. Ied, asm suthorltl mi s' .t trial further atatametita ahould l.-il b , -.star! until the amount of wheat a Buffalo Is ascertained and the mow r,t ebout on lakes I, corrected. presini Hi lsibla shows no wheat '" HirI;iio, although the well In formed say thn' aboul IS. 000. 00 buahela ' h4 1 it inrts Kurtherinor. one eg 1 houi alonfl h-is about TD00,0o aun i Btl hikss although the ngareKata given th stuilstl-lan Is oniy 4. 700.000 hush ' With lhs rrertlons. th preaetit s - tr.fiotl ..0., Injehel would he - I to close to 7I.O4O.iiA0 bushels '' ' 'h total of Til ooo.boo tha high ' 1 ' s -i ' e,,r ago. AtthOUgTI the rallies In what - mptth4e Influence, the inarkel did d Its relUea Weather condltlona . favorable for the movement end s '..ase in the volume of country s ll it Ii looked for User temperaturea liv, rasttlta In s mere active .-ash trade 1 n -vare rininri of a eniM ,,pnrt ivih but the cash rngraet r not jo is.y nnn at any Isms yesterday 's Hint ths visible aupp'y 1n. reaeed buahela, despll the suia.l recp., ' ' paa week had depressing efte- t en The re- elpta yeaterdav lolglled 0 .'.sheis. ag.ilnet 1 . 1 5 . , 0 0 last '. eV li 000 year ago 'b Th bull. In ht end Hmlted k h from the louMrv helped to bring 'ie frsetlenaJ advance in the o: lrki sp,cyjatlv traxla waa not vrv The export tiuilng am placed gl 14 btilll veil H sorns orders unniled A o of the sfsston neeelpls for J' I) wars 1,5s:. 'too buahtls, agslnat HATI.HO vi a N TVnaton FJcvated . ?v, c'a 21 Hoeton Maine 9 v 1 Fitohburg pi... 704 :' Maine Cerrtral ltd loi 7o- Mae Blef 7 7 ao Maa. m&j nf ... M M M N V N H H ... 74 74 MI!CEU.ANSXf9 53 Am Agr Chem pi m o Amoke(- pf . .. loo 10 Am Pneii Serv... 7 7 1" Am Pneu serv pf n, i.isj M Am Sugar ligtl nra, " ' Am Sugar pf I in 40 Am T-l A TV1 ,.UU :', I Am Woolen ctfa . 44 ,a l.i Am Woolen of el sa aa Z79 At ll A V I 3AV 1 At B W 1 pf.. 44 '1 K Boaton Iral . tU 10 Edison U- B) Mas. liaa 4U B) Mass Oss pf MVa M McKlwsin pf 9 17 N B Telenhone ..11:4 y Reees" lot ting. ... 4 Jl Swift g Co 1364 4 l'thled Fruit 147 ! fnited Frun rts. :.v Ml United Shoe M... ClC Ml untied sn m nf "4 HV.t 0 " St , . . 4 56 I' S Steel pf n4 4' Venturg Oil ... 114 7-5 Western Union ssi, BONDS 1-iovi Am T T 4a ... 9- !, '. tent Vl 1st 4 . i M wsi Mils K Power I, so : N K Tel M 'B . ;.r. 1014 Ml Pond Creek 4- .at g l(sa West Tel A T 114 su a 444 414 44 44 14 34 US 114 7. 714 14 S", 514 f4 704 let T 4 71 '4 S T04 10' T 34 7i 3"S 41 515 MIA at', fej 135 1M 147 m on. 114 114 its 1 1f.', 11 15s 4 a rta 1U) I 1S4 no 15.4 41 OS MS 414 I? 444 4 1H4 1114 1 t 1X4 IM 1444 144 41 U la't S lis '". 14, raw, M 4 IM 11 iiu 114 rfis M M i'4 '., THE BOSTON CURB MARKET. TlOTON. Dec 13 The c hid and aeked quotations Alearsdo Bingham Hrgol B I I. Chief Conolldted Coneolidated Copper Crown Point Ragle A Bluebell OofdHeld foiin.il. dated Iron Hioeaom.... Majestic Megh-an Metala New Baltic Nevada Douglas Ohio South" ",f Miami I'lah Mc. TonopAli Mining Ne Utah B Bay State Ga Bohemia Boat on Ely CaJverae Consolidated Aniona Cortes Davie Daly KTrat National Copper Houghton La Knee MoKinley-Darragh Mines of America New Cornelia Oneco Rlker Stewart United Verde Esteneton... Tominah Belmont Yukon Truro losing Boatou curb follow : Bid 14 74 . .40 . .3 a .56 . 14 .,,4'' ...;s , .(3 . .7 'a .30 ,g 54 .JH '- a U. .fi M 1 m . 44 44 5S .114 Asked. IS 4 14 IA .3 .14 v. .24 1 no 10 74 4 .11 .V M IS .50 Ul I 7 J4 4 IS w 70 441 THE COFFEE MARKET. Early Advance on Improved For eign Demand. The local coffee market opened firm, with the December position ehowing n advance of 7 point from th final nf Saturday while , me lairr rooiitn, were 1 to J pointa hHher 1 The advance waa due to an Improved for I elgn dtanand for the nevr position how!ng wiai qnssj is aiiu irwiiniMi to nuv cotiv have, as the local market at prt-aent the cbeHpeirt market In the world It I aald that shout 31.000 hags, recently taUen on Decern ber delivery, will he ahlpped to Etirnrie and there is slso believed to be a oonsjderahle long interest for foeelyn sawouM in March After the i-arly advanco the narkci btBMun quiet and prices Iran most nf th ealn clns Ing at 4 points advanon to . tninla net de. cllne The tots day' MUiimsm was a.TO bsg Cost aiul freiht offers from Braril indl rated continued flrninea In the Brasiilan markets Santos 4s being quotat at 14) to 04c Txindon credits Shlpmeule frotn n ,, Slid Santo, to the United st.ee, iH,i week were &.erjfj snd to Europe '..."flon bi,. The loesl anot market was InaTlve but flmi with Rio 7a minted at 74c, The officii, nraxlltan c,hio reworted the mllrei" In hoth RJo and Santos aa un- banted and ahowed a decline of 1-5d In Bio hsnr' on London Recelpla at theae port were . oi hag, against Tt.Ono (sat year Prltes follow: Open Hirh-Low Ons- Tb-ev ing est eat int ,-in. Deremher 7 CM 7.7 77-.f4 so a -1 .1nury 1 70)4 M 4 7f, Fehrnary . Tiew o I -7 Mr'h i 1 7 171-vaao ,71 April i.tM,M cm May 3 (46 43 t, at v. 4 44 June m 1 k July 03 0 04 1 30 4 0ir, rai Atlguat 47 M SeWemher 7 00 TOO IM 4 417 00 4 la October 1 waTOt 704 Mo Action oa Brle Dividend. F. D. Underwood, prealdent of the Kile Railroad, announced j'esterdny after a meeting of the executive com mittee that only routine bualnexi waa ; iraneacted and mat tne queetion nf ; dividend was not dtaoussed. The ex ecutive committee recommended the I appointment of 0, N. Orcutt, assistant I 1.1 the president, to the ofllce of vice ' n resident In charge tif a new depart ment which will be created mid whlop 1 will be known a the landed tax mid ! real estate department Mr. Circuit : Mil' lo have charge of the purchiinlng I diparlmeiit. DKtlllee. DUHIIIaTI slock was rather soft, but not so much softer th'.ni the rest ot the list as to attract marked attention. And yet sutno figures pttMlK d, showing the Intermtl revenue collections, were auch as to confirm growing Impressions that the prpgroK f the tempernncc movement haa made great Inroads Into the whiskey business. Theso figures showed u de crease in f lovernnient revenue from dis tilled aplrlla and frnnented liquors of mora than o3.000.fi00 for the ycttr. Since 191.1 thn production of distilled spirits his fallen from 193,n6,nnti gal lon to 140,651.000 gallon. A few days ago. it will be recalled, one of the oldest whiskey cotxvrns In the Dominion of I'annda closed down for one year be cause of the poor business It was doing. Mew York entral. New York OtMfal again stood out conspicuously. There Was heavy trading In th stock, which made a new high price for the current movement. The dl rertora will meet to-morrow to take action on the dividend. There haa been a good deal of talk of an Increag in the rata of distribution to I per cent. The more stiecutatlve element In the manage ment la reported to be In favor of the eil ange. The best opinion, however, has been that a more conservative course will be taken. Aa regards the market for the stock, It Is open to question whether an Increase at this time would be regarded aa wholly bullish, particularly aa It la Utile more than a year since tha com pany was commonly rumored to be tn a critical financial position. The newa Blips lave another reason for supposing that actlor. may be delayed. An anonymous Individual Is quoted as follows : "New York Central directors at the meeting thla week will continue th 14 per cent quarterly dividend. Otherwise they would violate precedent. All changes in New York Central's dividend rate Wave been mad at March meetings." Options Plentiful. In spite of adverse opinions regarding the position of the stock market to the 1 effect that It Is honeycombed with atop j loss orders and on the verge of a big smash, "puts" nnd "calls" are plentiful and (heap "Puts'' on Steel In particu lar were ofTered very close to the market all day. both for long and hort periods American Teaser, American Tobacco stock declined rather sharply on the statement by the president of the company explaining the recent action of the company in mains taming it: dividend at the old rate. The tuck opened at 5 1.1 and then fell to !00. a new low fur the your, and comparing with a high of IStt last April. Mr Hill said that a preliminary tstlmato of iho year s earnings Justified him in believing that the full dividend would be earned The fact that the tympany will prnhnblv only show a small margin over dividend requirements, however, Is sufficient to Account for the lower level at which the stock Is now hellli'g. Berne Bros. There aA .1 eliam upward movement In Hur-.s Itros. stock on a small turn over of stock. The explanation offered for the sdv.itic. was that new Interests had taken oer the market In the stock. It waa said that some such assurance lis this was badly needed Rums Bros, was psOSaUy put on the exchange urouii'l so end was pisshed up to about IS to the accomparlment of all sorts of "tips" about a runaway market But Instead of the rle. Mock wan supplied steadily from some source and the prloa faded away rapidly until the stock Mold na low on 79 'a It is reported that the pool In charge of the stock made a quick getaway at the expense of the outside bull interest that waa attracted. The new people behind tho stock talk optimistically of current earnings a d prospects It le also reported that there ore good ihii o.i that th dividend rate will be raised from .' to I per cent. In the near futute. I.rc Itablier and Tire. The board of director of the new Lag Rubber . -i Tire Corporation ' coui sie.i gg follows: Stephen It. Kl- tiling, president of the International Agricul tural Corporation i Albert a. Garths aglta, president of the Lee Tire and Rubber Company 1 Jamea J. Johnson. P resident f Johnson ft Johnson . .sam- ui 11. Miller, vlca-prealdent of the Cltaaa National Hank, tlrayson M. I. Murphy, vic -president of the Guaranty Trust Company; John W. I'lenltse. of Hornblower , Week.-, John J. Watson. i . -president of the Interr.ational Agri cultural COrpOfatlOni and Joseph Wayne, Jr., prealdent of the ciirarj National Hank. Philadelphia. THE BALTIMORE- MARKET. HAT-TIM rKK. Dec 15 The aecuntle mar ket displayed unuaual activity fkrength In Poole fe tan nee ring was the feature Cnber lsue wern teaiy without much change The etioimary : Open- High- Low Clo. Sale, ing et. eet. mg, Alabuna Co 10 10 M hi V Ala Co 1st pf 4 4.4 4 45 r. Ala Co ad pf J '7 :? SS Amer Indemnity. M M t" U m Arun Sand 4 or M ." j' HalM Trut 14 Its' 144 IM lfsi IStO I) Pf 4 4 4A 4F. COM Credit 4 4 44 4t M Con Power lift 1 11;, 111 0 t'ons Power Of . 11 114 U 11 I Continental Trust.li 1 l""' 1 Mi Coaden Oil 15 ll' 114 1J o Havlon Chem pf.ls 1 14T' 11 Jl Klkhorn Kiel.. . 10 II 1 H 40 Klkhorn Vuel pf 00 '. F. r'ldellly A Der-o 14li 141V, Hit 141IA 14 Houwon Oil nf Of, sr.', Si 4" Mon Vallea TTy. II ri M 4 5 Ml -V 0 Mill pf. I: K 05 M me Norfolk BY A U, Mti 94'i NH M4j 11 forth Central. . sew, iri, an, 1511 Poole Em Co 1 115', 10 115', gJ. ISPUID Oil 7 ' ', MOMPUlD Ollpf... 7 7 K Ml : KSt s t 11. 'i H . 4-, 140 Wtyland Oil . . . I f BONDS nut Ala Co ll 71 7 7 74 J44) Kilto Ilnck f ... M M 44 44 IMM C of B 4 "i4 WL usUj 941. 4i 444 ..... -I M..1 I- 'RI III. ... - s-"i viij 01 ' ---s , 700 City of Hal 4 '.M. !i, H4U. MV, 9H4 ll City A Sub W 4 .lO V, 107ii IMS 1051J tiOO Cent Hy eon I,, toT. 10f. lot, Hf, 4000 Ton .n 4' 96 ft'. tr. !C. 1600" Con Power 4',a . MU 90', ooi ftvv; UOO Cam I'ow nolee 1")', IMj IMtj Ifto, Sunn t'on Coal ref 4l-,a i 9.1 01 M IMM Klkhorn fuel ' l""'s !'" IMU luOU IMM Klk Fuel s w I . T IfH 07S US 7i) Hon, Oil at ctfa ': III 41 iv, nno Pa Wat A I'ow r., MU 90., sat U 10M Met of Wash r I"", 105', Kr.", 9,10 N O Mo A Chi 0. S M f Vf N O A li N 0 40 40 1.100 Cmt I A B let 4a s-.'H K WM r:4 1000 i'nit I A F. in-- is 41 flt 41S la 100 V n F. fdg Oa . 4 04 4 0 M THE PHILADELPHIA MARKET. 1'Hll.AliKI.I'llt A nc. 7S -Trading was nui..t and Chang In prh-es were mostly mall either wtr Cambrli '"eet ,,m oit s Trsetlons were Irregular. Clean Tea-Mlon ond I'h'.ladelnbl Flectrtc gaudng ahglnly. while t!.. olhen were eaelw The mimmury: Open Tllrh- Iiw- Clos Sales. mg est. 1 Am Beilweye, ' :,! :-r. Am Rsllwsya pf on r. JK.t Cunbrl I Steel.... 74 TT- f Klec Stor Hat.... 4 o .0 tjen Asphnlt nt .. 73j 774, Ml Ina Co of N A . g M I. eh Nav Tit 74i 45 lavlt Val I AW Ml l'enna Tt R UH Mil : l'enna Slnlt Mfg.. 9i 1"4 Psnna StaeJ nf... H l 5 Phiia Co 44 3M l"itl Co cum pf 45V, Phil Bl 1C-10 phll Ran t t c 4 Mills Traction M Readlnl " V. I:nl0i Tr.ictmn. . . 44', IM l'nited ls Imp. 44, r, Westmoreland CI. 7H M Wm Ci-Hmp A S : 40 York Hallway .. 0 BONDS 1700 Am oas a r. i.e.. s ss a as HBO PtB alee itk hp', usta msu .rti HarwoiHt Klec lis.l.iOL, unit jio ' I1M Inlsrstal By M. Mty t' f. t.n TO THE HOLDERS OF THE FOLLOWING SECURITIES OF THE MISSOURI PACIFIC RAILWAY COMPANY: Convertible Flee Per Tent First and Refunding Bonds, r our Per Cent. Gold Loan Boadg, Capital Stork, and Securities of tho Other Issue dealt with In the Plan of Rradjuatment a In order to preserve the Missouri Pacific Sjstem from the evils and losses Incident to a prolonged r eefVvrshlp the Plan of Readjustment should be promptly consummated. The property does not require th extemlve physical rehabilitation or the elimination of burdensome entanglements and contracts which are the usual causes of Ion railroad receiverships. What is required is (a) the cash (approximately .Wl.000,000) for Immediate needs; (b) such reduction in fixed charges as will bring them within a proper margin of the demonstrated earning capacity of the property; and (c) the creation of a new security to deal with the obliga tions maturing during the next five years (approximately $79,000,000) In so far as they do not fall .within the cash provisions of the Plan, end to provide for future corporate requirements. Manifestly these results can be accomplished only by an early reorganization, and to this end the prompt ctreoperation of the holders of the various classes of securities affected by the readjustment Is essential. They re accordingly urged for the protection of their own interests and in order to insure the early restoration ot he property to the management of a solvent company to deposit their securities under the Plan of Read justment as promptly as possible, and in any event ON OR BEFORE DECEMBER 1ITH, WHEN THE TIME FOR DEPOSIT UNDER THE PLAN EXPIRES, AND AFTER WHICH IT IS INTENDED TO PROCEED ACTIVELY TO CARRY THE PLAN INTO EFFECT. There can be no doubt that radical changes In the financial structure of the Company as called for In the Plan of Readjustment are essential to secure the needed results. Although the anticipated improvement In business should result In better earnings than those of the last fiscal year, which failed to ineet the interest charges by about fl.250.oot), the margin between earnings and fixed charges which Is absolutely essential for the restoration of the Company's credit cannot be assured without the reduction in interest payments sought to be accomplished by the conversion of the Convertible Five Per Cent. Bonds and the Four Per Cent. Gold l.oan Bonds into preferred stock (or Income bonds). Under the Plan the stockholders provide the $41,000,000 of cash for inimedi.ite requirements without imposing any bunion upon the holders of these bonds; for while the stockholders receive a four per cent, bond equal in fa;e amount (but not In market value) to the cash which they furnish, the position of the holders of the Convertible Five Per Cent. Bonds and the Four Per Cent. Gold Loan Bonds in relation to earnings is not disturbed in any material degree because upon the consummation of the Plan the charges ahead of them upon the System taken as a whole are not augmented while the net earning capacity of the property should be substantially increased. The attention of holders of the Missouri Pacific Four Par Cant. Cold Loon Bonds Is called to the fact that default has been made in the payment of the interest, on the Iron Mountain Company's First and Refunding Mortgage Six Per Cent. Bonds and that proceedings have been instituted to foreclose the mortgage by which those bonds are secured. 'I heir attgfltiori is also called to the importance of preserving the traffi; relations between the Iron Mountain and Missouri Pacific Companies. Copies of the Plan of Readjustment and of an analytical statement relating thereto may be obtained from the Readjustment Managers, any of the Depositaries tr Sub-Depositaries or the Secretary of any Of tlw Committees. The Certificates of lgisit for Convertible Five Per Cent. First snd Refunding Bonds, for Four Per Cent. Gold Loan Bonds, for Trust Five Per Cent. Bonds due 1017. for Fir-.t Collateral M-jrtgi?e Five Per Cent. Bonds due VOO, and for stock, have been lletetl upon tha New York Stock Exchange. About 40 ol the Convertible Five Per Cent. Boi'd and 40re of Urj l our Per Cent. Gold Loan Bond) have already been deposited under the Plan. DEPOSITS OF SECURITIES UNDER SAID PLAN WILL NOT BE RECEIVED AFTER DECEM BER IS, 1S15, EXCEPT UPON TERMS APPROVED BY THE READJUSTMENT MANAGERS. New York. November 34. lsUi. ALEXANDER J. HEMPHILL. Chairman, Five Per Cent. First and Refunding Mortgag Bondholders' Committee, Guaranty Trust Com pany of New York, Depositary. FRANK N. B. CLOSE, Chairman, 1-orty Year lour I'er Cent. Ookl Loan Bond holders' Committee, Bankers Trust Company of New York, Depositary. JAMES N. WAL1.ACE, Chairman, Stockholders' Committee, Central Truat Com pany of New York, Depositary. Guaranty Truat Company of New York, Deposi tary for all other ieauc. Kl UN. LOEB & CO., Readjustment Managers. Binco Internacional e Hipotecario de Mexico "iity-thlrd regular drawing of th flu rer t nt. Mortgage nnnrl to be redeemed, held In M1eo the SOth nf October, mi.v for too rrnos r.u h. port am febob. lot IVM gtsg 'jam AnSO 1)141 7711 US tin aim ami .sotwt eiiuti hm is II4 2i4 susa MM ti ' 178 17 MM SOtlf .H77 SMK 70M7 in 1.149 3274 21)74 A272 uv."'.l SO ID IM 1370 2,10.1 4114 Ml ami 812 281 14.18 23r, anus MM grOf S222 277 Uan 2112 4247 MXO gfM 831 20.1 1A37 244H 424 MM ml!, 8377 31 18 24W4 4844 M4H MT? H42W 3 IMS, 2638 4400 M2I) MM "ITU K8I ISA 2Att 448 ITU MM 88 389 1743 7.1 4MW MM 7044 8812 IM 177(1 243 4 Him ft04 VI 411 8A4U 418 IS40 284 4AKS MM 7281 704 4 188 288.4 470 80.1.1 7317 024 11 1 277 47tl 0OH3 7381 MA 182 2772 eS.1) 8182 7420 88 2000 282 487 S228 7 448 817 2000 28.13 4D , 823 7408 The par value of earta nf tbra hinds sell I lie paid lo eaah hy the Bnk on and fmm Jan uary I, loi. The aald bond ree paytna Interest from Coupon 41 oT Nerlm B. thniw of ' from Can, pon No. 31. thnao of Hrrtial l from t'olipun No. 21. for aoo rF.ann r.r it. Ml 1221 4042 884 rmn II47H IMM hi 2J.vi 4050 tm 0143 11827 1117 831) 2271) MM 883 WINi IMM IMM 803 2.11 1 41)011 llN 020.1 1IH1II 12.18 747 2327 4 1 2D 8lllia tl'JtH) 11843 1332 8.18 2332 4IHI MM 027 1170 1.142.1 883 23.11 4234 7018 034 11021 I.1.VW 01 MM 42)11 7I8H MM 11074 IMM OS3 2144 4327 IIM 0413 121)22 IMM 1 1 BM 217 4311 724'J MM liKMM I Met 11)40 MM MM 727.1 0402 12I2U 1.172H I OA M 4477 7 12. MM 12171 1.1707 1134 2.140 4 Ml I 747D 0.1.12 12201 187 un,- 2.10 MM TIM MM 12444 1.10 Haa 2H20 41)7 7.11.1 01.1)3 IMM MO 121 2800 477 4 TATA 0027 12474 10041 1331 273 4KH7 TON MM 12132 11.124 12.18 57 17 4'iJ2 77i) 07H 1218 IMIO I gOO 27DO MM 771.1 072.1 IMM 1H2H 131)8 ggla gOM 77.17 0777 12870 lOtM 141 23.1 A 1 .10 711 071)1 IMM IMM I4l)t MM .122D 7831 043 12772 ItMl 1470 20 11324 77 P0U I IMM ItOM list 2tii(i 601 rooA ooh3 i2tini legal ISM 2'JH7 540 TMI 1000 I202U lOttl Mil 2084 MM 7DHO 10171) 1208 I MAI IMS 208 .loi MM IMM laOM lOMt 1.102 MM .r'42 MM lOgM 1.ID70 17017 lft.lt 3110 .17211 MM 10342 lllll 17007 184e) 3)31 Ittl BMt 10.102 1318.1 171M 182 3140 .1804 814 10430 ISBN I TMI 102 3184 AMI7 MI0 10.1O8 I33H0 17333 IdKO 334H) .103 glAT 1040 13477 I74JA I704 3)41 MM 841)8 108(11 13.17 1 ITSOg I77S 337D MM MM l123 13HD7 17.14 182 3)24 Win 8471 10103 13730 17.190 ! s77 3430 I7I .K)8 10721 13881) 17.100 180 347') B1M fc.177 10771 13013 17DS9 IS.83 3400 1,1.14 MM IMM 14030 17770 1013 3.429 8217 844 10032 14127 17840 103 30O0 MM IOIOO 10004 14204 17024 1047 MM 8384 871.1 11042 1430(1 18002 1082 MM 8383 8778 1 1004 1438.) 1080 I MM 3IM), 84(81 810 1113 14.117 18171 2037 371 8440 MM 1I20O 1400 1244 ' 2O0I 377 H.KU MM 1122 148.78 18.120 i 21341 3MM MM MSI 1 1283 1470 1 8J0S IM .H)24 8.171 8003 11338 1423 ilil 303 0.107 OOlrt 1137 14007 j 2114 40112 o3S 9071 11401 1400 Union Truat Company of New York "ill act as Trustee of permanent charitable, educational or religious truat, created either under a will or h trust indenture, and rive .special attention to trusts of this character. The Compuny alio acts In the capacity of Treasurer. AcsiMtant Treasurer, Financial Agent or Deposi tary for such institutions, and i qualified and equipped to render ex pert ami attentive service in nil inch relations. The Union Trust Company's record of fifty years in the con tinuous administration of all the usual forms of trust invites confi dence in the permanent maintenance of a high standard of ability as trustee. UNION TRUST CO. OF NEW YORK, 80 Broadway, N. Y. Capital and Surplu $7,800,000. THE METAIS MARKET. trailed topper nut Remained firm. 41 (I I.-1 I. HI tons of -ell a 10 tons Ttefln repper rettiles 1 quiet hit firm vtriy. atlto 4letrolytle still qaetabl betn iV- r-J to.i, although soms s. of small i"t 'r report lo us 15 'c fnr r v litptnetr. The Ir..l4,n market easier In fme, but American leotrolgtk ut t!'T w th rtn.l-J m .raet rtecllne.i I've, on P"t nd 7 M en futur. The ejl-n re norteel lnce Us; r-r!.lr frum V 1"t ni phllailalphla ameuntad lo ll teaa. making 'ho total foreign shipments IT. Ml ton sTaO D0mbr 1 There STSTS ship ment, of i.7i: teas of insets to rronee. xi,. .eetvs. rsmrtsil 4er.ly Ine.adel Illy ton of bteOM fruni Jpr. nlM eoDOiT front fern or or from South America. The suddsa sdvuics In th prte- of tin ..n atiir.iy s. attrlbui to rfPOrta that th British Government had chs, k1 tn sinertatloni from IBdoa until stet as bad Ii.i're4el 10 h more ample mnuut. hut the hi In th London market yet. rrt.-jv would Indicate th: Itockl lire Wrl MM .atlsfurtory Th. New York l"f' In ympthy In lxnlon d( lined bout l,.lf . rani a IOM.l Willi es v. tin t I14.C Arrlsal (,,, Ihee.m)ier The Lfltirton market .lorllned IM. 00 ri st-Ait tin. srmce B Wblta th. t.ndari1 maek.t brnh. II OB . ,.f ii,i ii ; on iwiurra r,Urlie.f rfl?(lt1 tO Ilil ll f.-he.r dn-iD Is 4-Kpe't-f1 t-ly ... asaalii . ' r , . r, ST T . .i-r;ami. but rrir r irn-fiiUr Prt ruary at li to I4-4C. P"t at pennon waa ,tertv at 142. an.l future. IZ hirhr I.d waa In a itttfs heller demand nd e,dl.r t 1.1 It iH0.7 "' D- crmbr t New York. n Is BOM Bt. I o"il. The London m.irVet wa steadier at i :i I la for .pot and 111 ts for futur... THE CHICAGO MARKET. Uhl.ERS.L CASTER & FOUNDRY COMP&NT Sn hi to li.m ijin.ttojr Nolle U Mrhy fin ibftt Lioitl Noav I. 04 66. 71. IfO. Kl. JIT, 117, tt). U .' . :. SH, Ilil, of tie l'ntvfre: uitr ftiul KmuiiUry CMMBjr, avfurf'l by Itfj M JrtjT afe t tht? ftlibaH rllsf T, f.tNaXlliK doi4 ! 4cm Lr 1 4th. 1 lfi3. ha v br:i m art ln-rtL-. vciMlng to tht- i"rni vt iha all Mitr.fif. OaoHaoJ for T''ineiil, anil Wi b fisittl In full, prtin'ipal antl rrrucJ IntOfOOtt at the Oflloi of tha uhacrlhir tn Nwtirk. Se ,ltrsia.v. on th third ,''' 0l Jntiarv n-it upnn ; .-ar- ., - mrui aurrt-'ttirr of mU DOtadi Htnl aJl f upon o ttutpt tbca alre-a.lv Mid. llhUiTV TIIIMT COMPANY, Trnati-a. L nl Newark. N J Ir. 7th, 191i. BANK CHANGES EXPECTED. CNITRO i.n.irr Asn ptmr.Bt ttMPANv. Defau.i haliia hen md In the py ment at inlur1ty on lirinter 1. 1914. 4T 11 of the Cnll.taral Truat Hlx r r Cent. Three Y.ur (loll Note, of aal United tdght an rawer CemDany (ei New Jeraey), to. wit. of 11,41 4. Ofto prtneipal amouiit thereof, then out.t.ndlna and Issued uidr tha t'o'. Isnml Trust .sreinnt of sal. I 4'ompsny t' the underpinned. Trusts., dted I)e. ember 1. 1411. silll luersullS detail t. tn tli Intrre.t du on l.l note, having been nw la on the Inter! date, hasini.lt.g .1 jti. i. : .i and ending Deaeanber i. un. (Ms ot: t. r-'Kt.ed Trustee wl'l. pur-UMnt t th T'tovisiotta of said CoUaterol Trust Agreement, on wdi,rsda . January Ill, at 1 oele-k lii tha H-fiernooai of thai day, t th rhatnOers f4tret enirttrw-a f ' iC'ir.-v Court llou of the ("ountv .f Nl York, lloruush of Mal.h.ttlan, City of N" Y'ork. at th front does thereof, either person:))- or by mtornev. sell .it PUlslIC a:t lion to th. highest and lie.' t-.duer th. collateral iiapoaii.d and pid' I to ae,.Ur. Aiit nores, namly, 11 :i 0 0 prim ;pl amount of Klre' itid Oenersl Mortgage all Per Cent CMd Itond. of . L'el't and Power i ompany (of -aHrorniai is.u..i un.ier in ruertaao and leed of truat ,t.,) tr I.",,.,, ,, central rruaj company ..f Men York and , rfir. l(yd.. Tru.tees. wlttl ,-oupon. maturing o-toher i IBIS, and suOMQueatly inereie attaohed, loi.uoo shares of th. par vaius of 110 each ,.f th common capli.,1 jtoek of t ,..,.. I,,,,,, ,., P,.r K: pny lof California) and 1.14.000 ahar. ..f tl.e par value of tin h ..r Jll..... hiiI'h.1 i. ,.,..,,.:..,.,'"""'".' I r.f .,1.1 I .. , 1 , ...... Power Cemaon) (of California) "anker Tenet 4 oinpam . T-is', 1VIHTB 14 Wall Ayv. Attori street. New A ork city yi for True'.., ork city. nivirtp.Mia and ivrr.BKHT. leT United Ktati were ,0!5 ton a nd with i fair It and Kel. market eel Tl (WS, TJ4, .Tl 7414 sos; f! M)J ion in 31 H ;ih 444, 124 2 74V ft 14 "4j 3). W14 40 WI4, 44 '4 a .ns lid II 11 ll, s 0 7i Tl)14 44H Ml, "H 4) 41 41 47's nr. "4 474. CHICAfiO. Dee IS -Th market a a. 111 depressed condition, with Tensile. . "how Ins- a decline of about I npfnts. Seal . It.-, b o-U Chi. ago Pneumstl Tool ltooth Klll :..'reiH snd Stewart Wamer were un tier pressure .,1 sie ,.l and dull Th unimry: Sale. 14 Am Badialor. ,, 1 Am Radiator pi 10 Amer Shlnh'dt ir, Booth Kt.h pf Iff, Cho Pneu Tool jot Com Edlon r, llliuut Brlelt ... o Nat Carbon. .... syi People ia o Puh 8rTlre..... 44 Pub Sendee pf it Quaker Oal 4110 Hear-Roebu,'k . 478 Stewart Warner. D4(i Swift Co.. ; I'nlon Carbide.. 10 L'nlou Switch . . BOt 1T0 Cho By lis 10(10 Com Klec 's KsM Com Kdlaon s. . ui Nor Wm Oa. I. msu Ogiten GMfta... lisnd Po (las ref Is, lnno South Sid Open Hl.h I.ow-1 lo. ins est est. ins. att. sn:. ss taj ,KV W.'i IIS IK . rt i" 37 :i: 7: 1.1 74 74 . IM '' 74 74 .14 14SI4 14.'. 14.'. 41Uj UV4 . is., itr. in', i(i,s .H7t4j 11TH lit 112 .I07L, 1071 llilttj 10714 .. 10114 ItlVl 101V, 10i .300 oo oo no I7ai, I7'i 17'. 17, . Mii ik r tr ,mi 1:4 ih i .1 tt'i 144H la if 1:0 im i?a ID . Tb 74 ISM 7- .11'. 101 11 'I IIIU ,102i 1021, IK lOSu, .. h m . (', Hi.', .', w .lOfJ 114 lOH IMvJ . u Nb " Dlreelors Mar Be I'.lerted tinier I liylnn I. as.. I Mnet of the national banks will hold that' annual meetings on January 11, j lDll The meetings thla yer will b 1 of particular Interest dus to the fart that the so-called Clayton antl-trut law prohibiting Interlocking directorate among big banning Institutions la (.per- , ant e. Section I of the Clayton law ap I proved October lb. Ilil, provides th.it to years after lis approval "no person 1 xhall at the same time bo a dlrootor or other OfUMf or employe 01 more ; than one bank, banking association or 1 trust company organiMd or operating j under the laws "f the l'nited Statea either of which has deposit, capital, 1 surplus and undivided profits aggre- j I gating more than 11,000,000, and no, Private bunker or person who la it di- rector In any bank or truat company organised ami operating nndor the laws of a Htat having deposits, capital, eur plus snd undivided profits aggregating inure than 10,000,000 shall be eligible tr. ho a dlrertor in any bank or hanking .10. lstlnii organized and operating under the law of tho l'nited States." Ii 1h expected there mil be severs! change In the directorate of the banks In this city which come within the meaning of th.. law. OJll- ffl Yort I j 0 LOSS inmiLD STBItl IRON CO.. Hlrmlngham. Alabama. Th Bor, of Dlte.tor Ii, drlsrd a ?Jr.rt.rl-V,!v"1'n,'1."' ThrMVar" d., oV,r'nl If1 Ha' an itra dlvl 1 rtt,d of on. and ThMe-ayerteri Per Pnl s f vii tn rrei.rrea fi'nr of til I 1 pany payabtj January S, 111, Ht tlie 1 0,.i'""'"i Tr"' ComppOl! of New without tha eioslnv nt h.b. ... . a. , .toekhld.r. nf reoord t Iha SlOM t bUl - ."-etiioar 1.. ipis .t tlie offk. a f Tr,.jn:;,.?i7;,T,ru" ccm,m"y . Preferred titock Dividend Certlfle.tea Jew'l J'y ,h !'15' nd Pabl. J..!' Loy4 i'.. 'a' W,J Hid on presentation . .. m lertin.atea du.y ..L 1. L 1 smcs or i .titral Y. iii "" PfMereed stock DieMtad tober l.t. iija , be M be t, , It7ll . a""" on and after Januaj-v The par value of each of theae bonds will tie paid In ra.b by the Dank un and from January I. 11)1. Th ld bonds re pa j Ins; Interest from t'oUDoa No. 41. nf IHcnr- II. th.ao of Series from Oiupon No. a I t'oupou No. II. those i" ?4erica 1). from FtIR I. (MO n.Mlei tlAt 11. Trust Com afler Jaii.iury CrtlSeat, Ird, snd aurr.i.a.e ;.'") "ni .i presentation nanv of W. .!a " ' en.r.l Tru.t Co., SrVi.i. " ana tftor Janu.ry New Y'ork. a. 1.. MpRRia, cretary and Treasurer. peosmMr 10, Isn T tT? r.oT;."jp,!," t"'t compinv. 110 ie 1701 179 I7PJ 11 7 I a )() 1 Ma IMI IBM I '.). I) 11)7 II) 43 2040 tor 1 Jin IIM 210 MM 224 1 MOO 221)1) 22U MM 2:ia 2.1 71I 2407 IMS MOO MM ISIO IMI 21 ITS I I7M MM MM MM MM 21)11 2'.l.)7 2U71 1001 ao.so MTI aos'i IIM niiv HI 11 J Mil H247 MM MM SMI Mil IBM MM am , 1431 :i4'.7 ns7 MM 1IU07 aii4 7 4(122 4'Ht SMS 4. ia? SIM 41 17 42 o I MM MM 411 41171 441 4400 4. ".ID SMI 4.V0 SMS 40(11 4 oar 47J (TM 472a 4-.IIS 4-Jll 4M 1 49".d 4l)a." .1)12 5MI otaio MM SIM SIM 1 1 NO SI I 4 ..2)4 1.2(1 1 .'24 MM r.mn MM SMI .'slOl SMS MII MTI) r.4Hl ;,no SSM 7 57M KM J.H( a42 03.1 M7cl 111)71 IM1I MOM MM t31() 120412 (K) BMtO al MM 12070 IS7M 21012 5000 linn 12101 lSsioa 210411 eni'i P44J 1217 ISMI 21120 SIM fluo IMM IMTT 2120-.) SIM I ill 1.' Ill ISMS 2127 t.224 MM IMM 1 01 00 ItMl MM 1)1.2') 12402 IS 10 2137V) 021)2 PM0 124KU I03M I1IM Mil STll HStS 11414 214M 0.130 0701 12(102 IMTS IISO0 o72 feaio IITM IMM llaM 0411) na.12 1241 I0MI IISM 114.1t MM I2.'.l I0TM I161S SSOI W30 11000 IO8O0 llOM 054 tsv74 1.1(111) 1710 2I7..7 MIS I0OSO 1071 17271 212 0077 1U041 1311 )71'll 212II 0791 lOOIHI 1811 ITMI 11011 M4 mii.) 11207 17.M10 1107a S0H 1010 1 .1271 17.YV) I10M 70.10 10231 13324 1701 IMM 7110 10863 13300 17717 2212U 7207 I03O4 IMM ITOM 22137 72V I I HI I ISAM I7H4H 222UI. fasti IMS1 ISOM lVasa MIM 74111 loaa 137'M ITOM MSOO TAM 10411 IITtO IS0.il .. . ' 7MI4 104M 1 4 1 ISIMI .'-'I 'I TSM 10408 la'") 2.)4 .2; Twtki IMIO ISMI lain) 884Wa SOM 106 1311114 MIS 22070 hllau 10014 14026 I SSM 224..H) SIM I0SM 140SQ laaoo 22H44 glM I0TII 14111 la73 220DI 22 111770 14217 17(1 227IH a::..i I0SM 14190 ISM7 22oa ..l loattl 14311 I vil l i 221.1 SSM 10014 143", 10010 22'.'2 MM 10043 IMIO 10110 I30M an, a 11000 1404 IMM 82084 Mao IID4 I4SM I0IT7 ISOM MM 11107 I46U7 IMM 2.01 17 1114 14I1III 1II420 23Ulo SMO 11171 1 ISM IMIO 23102 . a 1I2H4 1417 I9SM 23140 S738 III&8 14M0 I0SW 2.II7H 7M 112.') 143 lll4 232) a37 11318 14070 I0TOI 23240 Sa-..-, Il.tTS ISOM 10770 2:1211.1 Dial IHV.7 I '.11140 SIM I00M .'.247 8010 .34 201 as -.411 2(11' 14 64116 2(1211 66.1 1036. I ll I MM 14 1 6 I, . mm ..... . ee,.l. , ..w.- SWSl,U a u.nni) uiviaend of 01,1. ,nJ thre.-fourths per sent . 1 44) SSL ,Z. Preferred, and on. .,,.1 one",,;., ."e,, 11. ,'' "po" ,h" "ornmon capital stock of hi. Qontpny mW. January Ird, i"u to stockholders of record a' ih. eld, of buelnea, Decemb.r 17th, HIS . wJPZiSZi J! S"1 "ailed i.. t. f'r 'X':'"- So' u William . laru, e,tj. stockholders hu h.vi n,.c 1010 1I4"7 I MT4 1141 1 uooa 1101 1 110.1 11009 1 90H 1164 1 1113 11711 1 0177 1124 I 1122". 1173 I The pr value Of each of theao bonds aill la. paid III cah by tO Hank on and from lail uaiy 1. ll'lo Tu. .1,4 i,n,la ceaee p.'iilnp Interest from ( ...,,onn No 41 "f Series B from Coupon So Coupon No. 21. Honda drn In prevlotM drowing and llhlill liae not been presented Nuin la,rs. BPJ f,S7 BM 10.11 I 1. 16 1227 ISM IBM IIM 132.1 1 390 1473 1 69 11)21 IBM 172 177 1 1)414 1971 190 1 1)90 20M) III 811 232 241.) 2640 2ft.-, 2720 201 8906. MM 3111 ai;. 327 3364 3407 3441 349 ISA) 369.1 MM 4111 4121 420 43118 MM 4630 Coupons they Tn oat. carry, u a 0 40 a AO 30 a 60 33 S AO 4ti a 60 40 a 60 40 a AO 40 a 60 40 a AO 40 a AO 3 a 60 40 a AO 40 a AO 40 a M .19 a AO 39 a AO 40 a AO 40 a SO a a AO 40 a AO 39 a AO 40 a no 40 a Ml 40 a 60 40 a n 41) a &o 40 e so 39 a 60 40 a 60 .1 a M 40 a 60 41. a f.o 40 a M 39 60 40 a An 40 a ao .to a M 39 AO 40 a fa) 39 6(1 40 a SO 39 a 60 40 a M 4() a f.o 39 a M 39 a 60 29 a AO 3u a 60 Coupons 01 wis they the. Mum- must Nam- miM) hers, carry. bare, carry. 43 ) 80 a SO 8700 so o so 462 so a so ssso Ma SO MOO 80 Ml SMS SO a AO 417 M e AO S4S 30 a AO 4MO M a SO 008 SO a AO 470 so a so 004 as a ao 4M0 10 a to 9100 m a so MM Ma SO 1177 30 a SO 49(12 SO a AO 01S4 ? e AO 6049 80 a AO 0307 80 a AO SSI4 Ma SO MSS IS a AO MAO 8 a 60 1124 IV a AO 680S 80 e AO 901 4 80 a SO saio 30 a AO 07on in a art sais Ma AO 10,44 to a so sass soaso iosa. i7aeo S4I7 MO SO 10701 1110 A433 SO a AO 1073 17 a 0 6487 20 1117,-, 20 a Ad S49.I Ma AO 11230 1Sa0 SSM so e so 1 imi so a o 670 aoaso iieoo 17 a M "712 30 a AO 1383 10 A76M 30 a AO 1291 J 30 a SO MOO 30 a AO I 200O IS a SO 70 SO a M ISM 10 a M 0193 Ma Ml uoo isaao ewii) Ma so 1444 80 a an UA23 29 . 60 13734 84) a SO WIT 30e6O 14003 16 a SO (MOO 29 a AO 14088 IH a SO .I". go a AO UM 14 a so 734 80 a SO 14078 10 a M 7317 aoaso 14000 l.ao 7433 8a s 60 14101 17 nil 7474 8v s o 14133 iseno 7603 ao a M 1484 7 30 a SO 73 30 a SO 14908 30 a AO 71 7 31 a AO a4gn IV a M 77nt Mg, o 1 note.) go a M 7V SO e bO 1701 311 a M oao Ma M 17340 loaao anal so a AO 17:44 iaao SIM an a so 1701 17 a an MTI M a AO I77AO 17 a ao ansa 30 a 0 43U 30 a an a )i)A 3 a Ml MM 30 a Si) POR 1.000 Pl.SOH 1 'o.ipiina they Nam- ions, latra. iarry. A70 only 2 with the M SOS with ths AO HI3 only A3 only 01 with the 60 722 with the 60 IBM 1136 1143 1476 160 IMI 1 699 1 D t IMS 177 ITM 104 ISM I WO 193 3107 2119 2167 MM 220 1 MM 241 2441 21.1S 247 2610 2616 MM 3764 38.10 29H7 2903 .lOOU 3041 302 3369 3 130 MM 401 1 41)42 4111 4111 4147 4161 427 MM 4319 4372 4411 MM 41.79 407 Am 1 Anas .'.117 614 S2II 6230 only only only 4 a AO 4 a 60 47 s 60 36 a M 40 a AO 40 a 60 36 a 60 89 a M an a 60 4U a 60 40 S SO 40 a 60 U Ml 40 s so 40 a so 40 a M) 3 a ,'.n 40 a 60 3 a 60 39 a so 40 a SO 39 a AO 3 a SO 40 a so av a 60 40 a so 40 a SO o a so 40 a so a a 60 411 a so 40 a 60 39 a 60 40 s AO 40 a 60 4U a AO 36 s AO 411 a M 3 a 60 38 SO .17 SO 40 a 60 a a so 40 a 60 40 a AO 37 a .60 39 S 60 411s M .19 a ;. 39 s 60 40 ..0 a a AO 40 a 6n ..'.I s 60 40 a tO Num bers 620 620 A3 I A484 MM 610 614 M.I I SMI At SSM 0419 42 0433 SSM ems 1916 8U7 7Bll tt3 0SU1 0944 097 0973 TIM 713V 720S 7261 7393 7817 7330 7333 7873 733 740 74 77 7803 741 77 790 7973 SO I IAS 247 S3 10 84 64 SU39 u.l S7II 7II :,", MM II99 iaHi 9117 920 940 9352 941 9432 94.11) 94.' H4j 4 'IHIPOUS they must carry. 80 a SO o a M 40. HQ 40 a AO 40 s St) 3'.) a M 40 s AO 3 A. I SO a SO 38 a AO 40 a SO 40 a &n 80 a AO 40 a At) 30 a M 29 a 60 2ft 6(1 29 a 60 2 a SO 25 a AO 30 a M 39 a SO 30 a M) 28 a so IV a so 30 a 60 80 a 60 2 a AO 30 a AO 34 a so 37 a AO 2v a so 3 a AO 80 a AO 38 a 60 80 a SO 80 a o 80 a SO 2 a 60 2 a 61) 80 a M 39 a 60 30 a 61) 30 a 50 30 a AO 80 a 60 ao a so 36 a M) 80 a SO 29 M 2 a AO 30 a 60 30 a AO 20 a 50 ao a 60 29 a SO 29 a AO 30 a AO 2 a 60 in a AO 26 a 60 20 a SO an a so an a so 28 a SO Kiini- 94 9617 S642 921 W7IS 11800 HS17 V8V3 9912 VOAO 007 1004 10074 10110 mini 103473 KI274 10301 10380 10309 10405 10444 106244 10017 in no 1M75 10915 I1IS II3S4 11291 11395 IISM I IBM 11343 IISM lias 11373 11381 I 1392 I IBM I I 06 1197 12200 12040 1 304 13121 13159 13310 1420 14410 14444 14 57 I MM IMM I731S I 7023 I 736 I77AO 121 1755 1 MM 1922 1 9342 22020 outmas 1 hey must carry. 29 a AO 30 a AO 30 a AO SO a SO 80 a AO 30 a SO 20 a M ao a 50 '29 a e) 3 a Ml 30 a 51) 30 a .VI 30 a mi 2 a 50 27 a Ml 20 Ml 38 a SO 37 a SO 80 a SO 36 a M 29 a 50 30 a 50 SO a ..o 30 a 50 2 a .'ki 34 a SO 38 a 5(1 .so a M 2V a 50 29 a 60 M a Ml 29 a 50 29 a val 2 a 40 29 a 50 86 a AO 3 a SO 2 a SO 39 a SO I a no 20 ot 20 a 60 20 a so 20 a 0 1 a 00 19 a AO 15 a 60 19 a DO 1 9 a M 20 a ( o I a a 60 IV a so 20 a o 19 a 80 18 a 80 IA a 00 20 a D III a AO 311 a M 19 a on 30 a en 20 a on 15 a eo II a 60 Ilrawtiig held the 2B4h das of Oi lahei, 1015. POR 00 PPNOH. 2 22 409 AA 717 97 I2()l 1441 91 244 4A0 A4U I0 1000 1 29 1 130 177 333 601 702 0 a0 13,44 Iooo POR 1.000 PRNOa. 7 224 441 4 4 100 1300 1542 BO 30 490 710 02 112 184 l IM .110 BM vsn 90 liv.! 1400 IBM 111 171 6O0 BIO 1031 123 1470 The par value of caej or thim bonds wi 1 la. paid Ii) raah In lamdon. st th bouse of Messrs. Samuel Montagu a i a., bsattnain January 1st, twin n.i they win ossm worn latere! trom coupon .o 12. Hand drawn In preslou. drawing and whit ll line not been presented thnSS of Se-das I 31, those of a, ;'" I) trotii THE STEEL MARKET COTTONSEED OIL. 111.1 .lames VAC 4... H' VI ISM Lsh VBI en 4a... lc fill nj oms Lab Val Coal I..!).- TUl.'a dsu 0000 Pi K It ten 4' ,e. ni- loo'J joc.a. 11 I'lill in-.. 4 si M SI ' It. ell ii - (en 4 .14. Ml f, 8000 l ulled It lav IS. 73 . 7JV4 M la.a4 I or, l ST. 73 The rly market was easier, with prices down 6 to 10 pointa Helling waa partly for reflnere. Th declines 1n cotton and lard during the forenoon were agalnat up port. CTrude oil eaey t 7.7.i, I but mill wr not ansloua !lr South ern house, bought Mt the decline, an.l offer- i Ing wre gradually absorb.! No landers were reported yeaterdsy. Previous I Clo.tng Cla,. Praia's mi Upot .i'3 I ;i January l.!M.'j 4 Si ; March S . ID a . g I 4.3-n f Msy 4.41411. 44 ,2 July I.SBtrs.bS 4. to Domestic Slana'aftnrrrs Still Pisc ina l.arire Contract. 1 . 1 1 1 e p 1 - nisnufaturer. continue to plc heavy contract, for rolled atee! product, but uhen specifications afali.st maturing contract. fall to DOms la prompt) the mills exer. is the right to cancel. The aatuo clSUSSa per inlt t lug van cellalton have cxlstad In contract, for many yaara. but they war. regarded ), mo. l as s dead letter by the consumers, thy were .eldotn exer. lied. It 1., different to-day, as not a few consumer-, nr. tlndlng to their cost. It I. sailer's market and tha mill manager, sav the It I telf-protscllon to be more rigid 1h.u1 they have been or could b. under erdlnsri conditions. Additional heavy ord.rs for ' export are being plac.d. Including round billet, p'tea. art!, shape and pig Irot,.' but tho ilrmand or aire go.a uaeatlsfled, Kxpnrt eonlraotl tn October war. .mailer th.n during the preceding month, and .lllpinenta w ere cut do n hy .bout 50 per cent. It Is evident, houever. that the in crensen domestic .-vovemoer tnov man. up ior any decrease to foreign cou.i trie. Inqulrlea are now In I lie market for about 20.U00 freight car. ef a spsoTrte 1 neraoler, eelllng w coo. 000 ton of bars, plate and .h.pe.. Pig Iron continue, atrong, with good diuan.l from consuming int. rests for Jtilp ni.nt after July 1. fllC Additional orders for about 1.00 tone are reported to have been placed In Conaextlcul, and ssvsral mailing order A. M ROBBRTBON New Y'ork. Deoeml.er 4. lau n.d f ecretary. orpjcM or TH AMIOI SKII PfXll t IIKPOR.Tl)N N.w TJoeh.ll. N Y , lie. ember 4 IIU Th iiord of Director ha Ssolarad frlum the net earnings u taoiithlv dividend Sn,:fVw' of ""l 'rtL the "oh tiff ' ompany lo be paid l).Ceml..r pv, w biockoo. -isrs or rseord r)ecembr nth. till Trwi.fer books c uc.nir Jith snd reopen liecemher 14th s. c. a VIM S7S 01. lose Trsasursr NATIONAL 70th COMMON DIVIDEND BISCUIT COMPANY T' HB Sotrd of Dlintivi hak i"-. laifo a quartrilv aif idnit, ef oa an.) ii, re oiialtpll (l1 Ml cmt oa thr CsMtnofl capital nork of v ionipaor, pirabl Januaiy a iyi'i. 10 nock hoi dp r of rfcoid at tl dose nf hminpa DocfBbr2lih, 115. Traoi.er Da-mki will do h . Im P. r BUCBEE. Ttdutuai. KELLY-SPRIN8FIE LO TIRE COMPANY. Quirterly dividend of taM on th lis Per Cent. Preferred Huok. and 1 4 44 on Ih bevel. P.r Cent. Sa, 011,1 Href, rred block of thl. Cornnariy hnv b.en il.,..r..t uievement I payabl. January , 14:.;, to .tivkholdere 16. 18 1 S New York, W A UK AM AN. Decamb.r 7. tfll Hecrei.ry. lhuand tens additional tn New Jeraey and eastern Pennsylvania. Hevtral other largs contract, ara pending or ahlpment over th sr. ond and third urtr of ih yser. 1 'rajpOM tbey Nnm- BtUSl Num MIS, crry. hers 1.-, lis .mi 1507 Km 411 a ."n ISM 101 ;i a -() 1001 Ml Maso I'u-'1 MS 4ii s. ".n IT40 Ml n a .mi Ihiiii 4Kf 40 a .Ml 1000 M lias. Mi I0S4 SSI in) s BO 'I'') (34 :ui s Ml IMS t,.'7 a s M aino BM a a 01) a a SO I0SI 704 n a SO un 777 DU a in IWS M 88 0 81 Bti.') utt a r.u yiNti ICKJ7 8 a SO -'iMH 1007 3 a M MM 1071 4D a oil Bill 114 UN a SO 3.11 1177 J a SO MOT ll a SO I4IS 1841 OH a AO 8470 1171 140 a SO 10 1411 8 a so ISeO 141 88 a SO 8S4 14.U '"a.'.o MT 1471 80 a Ml MM is'ja i".i a so imu run 111 pkbos ( otiponi IDS) lllllat carr . II BO a .'i .. a sn 80 a SO 8 a BO J .'.' .111 s M M s '.0 si an .'.o 10 a M 11 a M '.' a .V) 18 ( .Ml an a BO '.' g SO Hi) a .'.11 an a M 2 a .0 M M S a 60 24 a :.n 'J S oil '.' a Ml a Mi 10 a so 27 s M 8 s BU H a mi 11 111- )a-rs V77I U7II0 mm 82.1 Ml MSI 4 in I 41) 470 SMO 4 .4 4U1 1 407 01 1 MM SIM 7.271 .'.40 .Man Ml 1 sail .'..'.III SOM 1122 BUM BSI9 nil smut 0 Ml . 1 10..1.. iney must i-urry 2s a .Ml 2 a M IS a Si 1 211 s M) ao s mi tO a M lb a t0 2d a en 17 a on 10 a on I a en in a 60 I a 00 20 a 00 111 a n 1 a 0 20 a HO I a n 11 a M 1 .' a tn IS a Ho 20 a o 0 a no 1 a mi I a Hi) 10 a HO 10 a hi) 10 Un 1. a 00 POR MO pi mis BACH. 1 MO 4o tit n m7 12m 18.1 ,Ta "00 SSS 14 4 1237 141,-, 01 MS SIS 72. no', loss IBM 141) 100 SM BOS '..0 IM 104 IBM I47J 11 1 BS1 711 MT inn; sp 14!(-, 14, it,.. MT TM 11HI 11.41) 1142 1.117 I. , 4. si ,122 M . P77 Ila7 IBM 17. I '" ' MO -.'u BM 11411 S7S IMS MB 41 ,0 Ml una n,' 1382 ISM 1 on 1 .4MB ri mis r.At 11. 1 : i SII 77, mil 12B4 ISM ITM 4. SIB SM ' I04B law 1 .17 1 17.. i SI in.' ... Ml I0M 1MB 180 1 iTiu IHO 1171 Mil MS 1117 138 ISJo 1702 11:1 410 BM MT 114.1 1.170 imi IBM 141 43 823 S87, MAD iail7 147 la.la 104 441 4147 H23 11711 Mill 1.1,14 ,g4 I 4711 701) un 1444 174 1 OOj 22D 411 713 017 1210 1471 1B07 nil I MS MS 7.11 P7.1 14 14 1723 101 IM SIS 703 un IIM 120 173 leoi Ml All IhaM bond with tbolr coupon a" a. hod haglOBlni wiih 4'oupo'i No 10 will be paid In Logdon at th house of Meaar. Seiuuel Montagu . Oo I'OU IBB PEMIB EACH. S 244 III 7JI 1333 ISJ 144 144 IM M 1 3 1091 1J7S 1437 1590 222 4i..' 447 037 ion t.OUO PEBOS EACH. 1 Ml S7 SI 11 SIS 414 Oil) M 44 4)113 UttJ 204 SM To3 All t he,, bond with th.-lr coupons attarhad liealnnlna with 4'nupnn No. 11 will be paid li London at III lloli.o o alSBSrS ISBIOal Mou. t agil A: I 0. J V. Bt'nOOl, Managar. MaSiCO, liclubcl-. r,u .. 103 mi 1442 ISM 1084 1330 lathi IMtl 1322 188 l28 11 II . ae-ef .-..-aa...