Newspaper Page Text
COTTON MOVES UP
IN A DOLL MARKET jrndlnjr on a Small Scale and Chiefly Professional In Character. gWISS COTTON CENSUS A- l t txiMetad at this tlms of ytur. DM rntton mullet la drifting Into tiBiiii.iv rlulness and yesterday's market fully In tin with thin tendency. Trs'img mH on email seals. Tt wai largely professional In character, with fluctuation confined to a rani of 7 or I points. The undertone wan steady and price showed a small net gain for the St. Sentiment In Important quartern le aaai h for ii long pull, aa It ts believed that ttie South will have to sell Ita ocumuliition of cotton some time before the planting season, no matter how Im pregmihle the financial position of hold era may he temporarily. In spit" of thle unfavorable view of the spot tltmatlOTI aome cotton men who have .lust IB, turned from the South nay tht the holders do not seem to care whether they sell or not. They believe that tliey will obtain their price later m in season j ihI they are fortified In this position by the aid given them by the bank. The Manet-catv Guardian In a re cent lesue conflriis the cabled reports to the effect that the Swiss Oovernment li planning a cotton ceniua. This atep is necessary on ai count of the restric tions placed by th Allies on Importa tions of cotton and their evident determi nation to see that neutral European orantries fet no more than they need for their own use. The Ouardtan saya: "With a view to eetl-natlng the exact position of the cotton Industry with re tard to supplies of raw material the Swiss Oovernment has decided to take an immeili.ite census of all raw cotton In the country All cotton, whether held at the mills or railway or private warehouse, must be reported, full par ticulars being given of quality and quantity If false returns are made penalties will be Imposed. The census li telng carried out through the com jtrrlal department." Market closed steady. Ot'enHlrt-Low- CI os Prev. inr eet. est. Ins. close rwremher :M 11 11 11 M-., 11 91 X1.91iffU.il Jawsiry. " J n.lsjr11.t4 11 .IT11 March . . i:'.o i: t: it i:.sm' 3 liiwrt: :i Mar . t-4 t2 4i 14.)15 l2."WfH jnir .... i; - i:4 uu uiaaju.tt i:.t;iii2M Osohrr BJ4 is 17 :: -.2 rKi M.il? M The local m.-u-Uet tor spot cotton was quiet awl Dsehanved; midlllng, ItMOp. Southern met markets aa c 'finally reported were uo han"l. to II laylnt sxlrsiefe. Jt.w Orlaow tJelvemon. 12Kc.; Saraonati. Kl Mxvh a. is.itjc. ; Augusta. u-Kc.: goason. i. v - Tht New Orleans mvket closed steady Ot n Hlah Low Cloe- Prev inp ' est. inc. rlose Ikessther '.I H U TS U.Tt H.714I11.7I 11 77111 71 Jaassry.. it :i n.w " u.Twyii.T 11 "r..w Mllvh . .. H 11 1714 ISO I2.1ffll.ll 12.ofI17 10 Mar 12 r, it.41 u.n iiJifftijT SasStut Jjlr 1254 12.66 1S.J IlKtWi 61 ll.aMM72.tl The IiTerpool market opened steady There was a fair hueineea in spot cotton, with alitttin points advance at 1 66d Sales. pJM hales: receipt. t9.0Jv. bale: American, give hi' Closed stead;. fhieu- Hlsh- Low- Ooe- Prev. ins. t- est in close. kja-Tsh .. :wa t.-ti :.".4, 7 4a 7 K March April . 7.94 7 40 JS SH IM Ssr-Jun 7.V7 ' 91 tJM T4S 7 : July AJC .... 7.21 7 23 7 17 7 2 7 1u. CM.-Sor CM CM CJ "' cttv. Tie '.: A. M. bids to Liverpool wens : January. MV;: March. 121!c.: May. !S.41o : July. :;' : Oototvr. at. Me. The market iter ta ,:.. to open to .lay 1 to 14 ipom sgBBSi Pen receipts and it ocas : Re Iet Last eei,ota. year. Stocka. yenr. SBrreV'vl . 7 W fUHI 3BS.1M 4il.(iJH New Orleans :co4 W.17 . Q.'M ar m Mehil- .... 7M t.M SXM R4M Jarantuili.. . J.TWl 1D.4M ay-.'CT 2T.i27 Ourl-ton . Tar, 4.IV7 1"C71 12I.SM Wilminvton 444 1.7U 35 5 2H.415 Strtoik IM caw vjt. t n.iM Im-ri '.- r s and stocka: Re. Last l."t ceinte year Stooks. yenr un:ta. ... 2.J1S 4.MT7 J.21 11.627 ywui ir.t an.rra 2::.ioa 4 LoilH. . l.HM 14.IMT S-.'.fJ2 HD'jalon !4.2i 24.U7 2W.601 172 MS Rstlma4e1 port Tet !.! rx-intB to day. week. yesr .... . icim to 14. :m U.ast it- y. w o-leaoa II .&no to la,)0 1 OBI 7.MH EVor, s.Kterday were X.7S9 Hales Total tiiia t.r fall season. 2.147 .2) bales Total law s-. Ifli fJI bales. THE PHILADELPHIA MARKET. wlLADBLPaUA. Dec. 21 Quiet traittiur ia tin rule in ihe market here Camirt Iterl closid I below the openlnc price. Other tharea were pra ti- ally unchanted Bonds rt mwlerjlely sctire and Arm. The sum ary Open- Rlrh- Low- Cloe- Mlss ina est. est Inr i Bald Ln.-n pf .101 1M 10 1 441 But lc Suaii itfs... 37 40 M 40 B'll A Suivi pf.... M4 (M aVTf imhria Sleel ...7 7 74 75 I E ISC st ir es itiv.. Wi C M 'ien Aaphalt S4 34 14 14 at Gin Asphalt pf.... 71 TM 7: 72 v. Hunt A T pf ... 14 14 14 14 M Ins CO Of if X 27. 26 m 2r 12. .1 I, Brill 5 M 60 60 IM Ktyttona Tel 14 14 14 14 10 Lake S ip Corp.... 9 9 S IM l-h Navigation... 77 77 77 77 l-eh Vnllev R R... 11 11 11 11 M Ih Val Tr pf ... 31 M i ' LlttlS l huylkill.. 64 64 64 64 So Nnrth Venna 93 M M M Penna K R !S 69 5k 6 !4 Peena a ill Mt... 99', MS M K Phils Co 44 44 41 44 : Phila Co pf M MS M ! IB Phi i EleetrUi MS 29 M 4" Phila It T t i 1 20 1 12 Traction ... 7:. 79 7 l L'alon Traction... 4t 44 44 44 Q Imp .. S 19 MS M M Warwick I & s... ins ns 10S i"S 4 Wes ,',r ASS... 60S 6l 60 69 1 Msstmoral Coal... 47 T STV M IK fork Kmlway ... 9 I liONDS W" Am 041 A Kleo F.S S9 ! M M ' Ki- 4 Pso ctl 4a. M tv w M W Ele A IV, i , tf ... 42 2 42 2 Wki Riull 111 Oaa is,. .Ml Ml IM 1" POO Hlrwood Klec 6a 10i loo 100 IMS " l'h Nnv ion 4sli)l 1111 1"1 101 WOO Leti Val Coal 6s.. .inr.', loss it-Hi IMS Its rh Val con ita... .110 uo 119 no I'". Lei, Val tan 4s ... M 2 k M I' i .-en i ,. : .., 100 100 100 M i". , i . . on la... M M ss H MM Phi i Bias la 4 14 N M V"' Rssdlns tm 4s ... i 94 t 14 W 111 I Kys inv U 71 71 73 73 MM Ibvh t M 14 94 M THE BALTIMORE MARKET. BALTIMORE Da. 21 Ths market here w,i , . ivp itid aenerally Arm Coaiisn and 1 111 t Oil were fra. tionally lower, due lo eroflt ikiiir liousion Oil liecame more Jits m 1 r;iiv advaneed from 22 to 24',. Bond, sgra sotlvt and steady The aummary: Open- Hifh- Low- Cloa iiut. eat. eat. inr. lies Ala una Oa.... .. 10 .. 41 .. 46 i lids SAO Else nf... :''men Oil... s Coal . . power. . . s l',,wer pf dsn mi.... -'en Oil isf . . 112 li r. c n it sop Chm pf. .ill .11 r oepiv a 111) "" iston on a in h iistnn oil pf.. ins I i Mnd Tmat .112 112 ! A Me Bank 21 29 Northern rentrsJ . ' Pools Ensinrlnf 117 8 Sai ttlpi Oil IS J4J 1 1 ulna Oil pf ... S J2 'ed Ry A Else 16S m 'Vavund Oil 8 BONDS M" A'v Co sen M J" Chl Itv 6t 2"r .i ll.,lt a 1M1. JMO ' I. Bait 4a IMC j" r. a p Tel Va to r" ' " "i" 4Sa . 41 MS 100 . 7S ';,l,le Tr .'.S. 1 I kl nrn Corn cs ' ill! die i.fa i! M .i vlnnd Kir 6s.. MS n t. -er Cot note, S Norl A I'nr Tr 6s l "1 Wiper Pwt (a f' ' A Line 4s b ' ilted R t E 4s 12 ' n R A E tor ;.a as 11 10S US 41 40S 40 44 46 46 I I 94 90 MS MS lilt 116 116 116 114 U 111 111 12S U'S 12 U U'S 1-'S L'S 12S 91 199 111 144 11 1.1V, IMS IMS ana 22s 24 W ii 16 11: n:s 29 4 19 HIS 117 II'.', 111 k IS 'S s M M 26 bit 11 M 11 MS 9i'.S MS 9 91 9S 44 44 44 44 "!. M 41 100 1141 100 9T 47 97 It II II ttS l MS ii as 41 "MM ". 90 'OS K3 43 U 42 : 12 M M MP luted It A E mo 4a m THE BOSTON MARKET. rtOSTON. D,- D -Prices were Arm on lirht traihnt in the minlns shares. Amerlisn Zinc, utle and Sunertor and Calumet aad Art sons wer anions the more active Issues. Railroads and industrials were steady and featureless. The summary : ... Open Hlth- Iosr- Clos 8'es. lux. eat. est. Inf. IJ Ahmeek B B M Alsomah 1$ 1S r, anwues H MM t7 r7"-j MM Amer Zinc.... w V a MS MVS '2 A"conda MS MS l&H MS Artaona Com TV 74 7l M Butte Ales Scott.. k ss a von DUIW Dai. a lu six si fj W!m W....... Mw MA K u, MM Calumet Arts... at tatt M2 M. as uaiumet a Heoia 540 its M Mt M Centennial IM t ls I Chl no mu ui, ui mi, IM Copper manga MH t7 17 M MB'ttie ut. 11 Oft its IM rranklin (14 av, Ml Uranhy an av an ao, SUSP - ,v w, fi w, MslsandOsek.. ...M stu M Mti M Island Creek pf . ..an ai a M M lals Royale V Ml M M14 JPP Lake.. 41 414 4V4 s 8 1 l HHi US in La sails I J J J Mohawk M M4 M M4 1 Nlplssins T 7V 7 7 IM North Butte lis US l H II Old Colony Mln... ts IS IS I Old Dominion MS MS MS MS l Oeoeole :, sr, a. an 14S0 Fond Creek 11 i; i, lS H Qui ik-t MS MS us M Ray Con MS MS M 14 M Shannon 7 7V 714 7S IMShaltnck M M MS 14 M South Lake , s r.l 09 South Utah . .X, .36 Ml St Marys 17 17 67 M M Superior sj Bos.... IS IS S IS 2 Superior MS S Z 16 Tamarack 4 41 41 41 tC'i Trinity 10 100 Tuolumne .x, 1. .c x 416 U g 8mltin .... M 4SS 4"S 41 M4 IT 8 Smelling pf.. 4SS 4 4S M Utah Apea 1 1 2s ill U Kit S ll MM US IIS M Utah Copper 71S 7S 7IS 7tS 2"I2!2 ! 3X S M Wolvarlns M M' M M M Wyandotte ! IS 1 RAILROADS. 1 Boston aj Albany. ISO isn : Mi 31 llorton Klerated.. sl SIS 1S IIS s Sr'0. s1 ', W X! Fit hburr pf ft 71 71 71 10 Mas. Blec 7 7 T 7 1" Mas Else fit .... 86 x gj, 2 North N H yrv, 7s STtA 7S 6 Norw Won-pf 150 ll Uo M M N Y N H i ... 74S 74 71 74 m Old Col R R ;.., ltw, lMu, Wen End St R R SIS 4 4, 44 MrsOBLLANKOUiS. U. Am Asr Chesn pf M M S7S M 6 Am Pneu Ssrv pf 11 13 II 11 M Am Surer T3s fs us us 41 Am Susar .nf lia us HHS1, H'S 2M Am Tol T1....KS 12 12S 1S sos a n a w 1 t; ; ;,. E m A O a W I pf... 8 4S 4T.I, 46S 100 Bast Boston Land H 1S4 Kdtson 341 24T 3S 246 411, General Klec ir. 176 174 171 lis Mass Oss at M M 44 3 Mae OSS pf B4S 4i t4 44 loo MoBl wain pf sas MS Ms Ms II Merrenthalsr ...147 IM ler 1T7 10 Mies River Power 1: 1 1S 1( U, Pullman Ms IS,; i: :,v 1 Reeos Kold T4 S'i S"i ?Pk 40 Swift is is.', aU irr.v, inn Tomnrton X' SM, MB SMI 7 Torrinfion pf M M M M 113 Tinted Fruit lis) tfrt W M 17 I'nlted Frist its. S S ', 's 2S7 Doated Sh Much. 61', MS rS f"'j 10 Vmied Shoe M pf 9 :" 2 -J JTI'S Steel . ICS fS i M 0 S Steel pf 11 IMS IMS 11S 4 Ventura Oil 11 11 11 US Western Union... M M 17 47 BONDS. Il?is Anaio Trenoh to.. M K i ai A O A W 1 is.... 77S 77S 77 77 tflOOC B a Q it 4s ... MS MS MS lien Mssa Gas l',s ... 47S 47S K't S7 laro Mis Riv vow to. 11 M ai r lem N E Cot Yarn to. T4 24 74 74 tniw N B Tel Ji I1S PS lot S WS j s win . s wj woa ss ss low West Tel 6s. MS MS THE BOSTON CURB MARKET. BOSTON. Dec n The Boston curb closing bid snd asked quotations follow: Bid. Asked. Alvsradn 1 IS Bay State Oas M .21 Bint-hem 7 I Resole M I Boston Ely M .41 Bohemia ift 2rV Butte A London 34 K Cslsverss 2S 3 Consolidated Ariaona IS 1ft Cortes .5 Chief Consolidated l-v lAj Crown Reserve in .i Davts Dsly 1 1 Essie A Bluebell 7 First National Copper 6 t Goldfleld Consolidated I 1 iS Rouihlon 2 IS Iron Blossom 2S W La Rose M .70 Majestic IS 1 Mines of Amen s 1 1 McKtnlcy Darrath M .no Mexican Metals 14 .36 New Baltic 1 4 Nevada Douylas 72 .72 New Cornelia 9 4 Oneco 1 tS Ohic Copper M .26 Southwest Miami H 1 Slewsrt Mining , 40 .70 Tnnopsh Mining 7 Tonopah Belmont 4 I rtsh Metala 10S lis I'nlted Verde Eatension Sfl Yukon Gold 2 3 THE CHICAGO MARKET. CHICAGO. Dec 71 Tradlni was rather narrow to-day- Price movement were con fined to fractions. Union Carbide refle4e. a good demand at ICS. erM there was also fair support in Stewart-Warner on the set back Peoples :' oontinued weak, selling at a r low level on the present downturn. DlamoiKi '"h was s little eaader. Bonds active, wiitiout any special prpw chsngss The summary : Open- Ilirh- Low Cloe Sales lea. est est. Ins if. Am Radiator .. . ,3H7 KV, 37 1ST ft Chi rneu Tool.... 7S 7 77 r 11 Com K-h -on 144 144 144 144 M Diamond Match.. 1(W pal I04S 104 Deere pf M 44 MS 4 2';" Illinois Brick M a: si, 44 gj Kansas City ots ST. 162 People Gas sS 10 1" UW 6 Quaker Oats pf... I Hi lie 1W 130 141 Sears-Roebuek ...13 1S3 IM Its aiT Stewart. Warner . m M M 46 SKHwIft A Co 12 IMS l 1X S45 Union Carbide.... IM 11 In IM BONDS llono Cln City Ry 6s ... 40 9 Ms Chi Oa r.s iocs U MM l'rJ toon Cln Ry 1st 6s. .. 7 47 K Pf UVO Chi Ry B 6s 76 74 76 76 3Dnarn Ele.- 6 102 J0C Pt! Hr. 4nui Kdieou 5 lOA, UK 10-JS Peo Oaa 6a : ', 102s pc IMW Muu Swift 6s MS M M 11 THE PITTSBURG MARKET. PITPSWRQ. Dec. 21 Priw chansvs were confined to narrow limlta. Weetinfhuuae Air Brake was the only issue that nhowed a point difference. The stock wss 1 point lowsr at i"9 American Window Ola Machiue wwa wtire. in summary: Open- Hif h- Low- Clos- Sales Ins est est. inf. 10; Am Win (1 Mack. 2S !S 2S M WlAiaWlliOM pl .lK 119 IX IM Am Win Glass pf. :' l 94 M 46 Csney Kiver M M M M 3 Cons Ice pf 34 MS 34 14 216 Columbia Oas 16 It 14 16 U Indpt Drew pf.... 17 I1A 17 17 4 La Belle I A - It- .., 173 lone Star W 93 41 :i 63 Mlrs L A Heat.... 62 r,: f.2 62 fii Nat flreprooflng. 12 12 12 13 r Nat Fireproof pf. 24 24 24 34S 40 Oeaae A Okla IM 101 lot 101 214 QUanoraa Oas. .. 76 7", 7 74 110 Pttts Coal M M M M 54a I lire Oil 11 Um 14 11 isi San Toy II H 11 1 M 17 1 Glaa. Ji 2A 26 X 10 Wesfhotiss A B. 140 140 IM 134 10 Wesl'hous Else . 44 41 M 14 BONDS. 44000 West Fa Ry 6e....M IM M as 1000 Pitts Coal d to... MS MS M M RAILROAD EARNT508. BALTIMORE AND OHIO. The Baltlmere and Ohio Railroad Com pany report for November: 116. Change. Tex.l sHr. rev.. It.nl.111 Iran. n.M4. 411 Total opsr. esp.. ii. 411. 142 Ino. l.ITCiao Nst opsr rev... 2 741.110 Ino. II, 176, 711 From July It Total ..per rev...4C76.42 Ine 14.41 1.12 Total opsr. cap.. 11. 100, 047 Ino. 1,441.113 Nst opsr. rev. .111,475.476 loe.lCISCliO KANSAS) C1TT SOUTH BRN. The Kimeas City Southern Railway Com ony rports for Novetnber: p 1916. Ckanees ilrons revsnue.... 1164.705 Inc. 176.1161 uper. ipnsa . 677,102 Inc. 22.124 Nstrwvsnu.. 177. (01 Inc. 111,132 Opsr. lnom ... 311,412 Inc. 61 174 From July II flros revenue. . . . 14.441.311 Dec. 7.7U Oper. eapensos . 2, 674. 4il Dev. 212.492 Net rsvenus ... I.I14,0 Ino. 1254.701 Opsr. lnooms I.IIMII In HCtlli INTERSTATE BOARD BLAMED FOR TIEUP Railrontl Sold Part of Its Har bor Boats Here on Ad vlci of Commissioners. The traffic sttuaitlon continues to b the inost lmnortant ami Intersstlnc subject discussed In the Iron and steel trade, rrogreas la being made against ths freight accumulation, but the large h.1nners scarcely expect full relief In side of several week, although partial resumption Is likely on most or the East ern line within ths neat week or ten darya. The Pennsylvania system seems to he In worse straits than the smaller roads. The former continue Its em bargo on all classes of freight with ths except Win of foodstuffs and ooal for public service utilisation.!!) freight department nf the New York. N. w Haven and Hart ford system reported yesterday that Western roads had raised ths embargo ago Inst shipments to th New Haven syeiem. which had been In effect for a week or more. A already noted, th New Haven Is prepared to accept ship ment." from ell point m on connecting lines, and is nuiklng rapid haodwny In ths moving of lu. noo cars now licr with its floating equipment. It developed yesterday that Western sh ppers were .consigning Koartern Insight l way of the Pennsylvania sys tem to Newark and then transferring to th l iel aw are. I -sacks wanna and Western and West Shore Hi es, through which there has been a iietter prospect of reaching tidewater. This scheme, how ever, lias been block,! by the Pennsyl vania Itailroad, the embargo being placed further Inland, but th sains transfer nmy take place at New Bruns wick. Freight la consigned by shippers to themselves at the abov points, and the transfer com only IS per car. s The present congestkjn at New , Tork terminals demonstratea how inadequat storage space Is In the metropolitan dis trict. It is said, however, that the Penn sylvania Itatlrottil Is determined to give relief as ieedlly us lensslble and to thnt end has given an order that all export freight that haa been on curs ten days In the New York terminals bo unloaded whatever the cars happen to be. Tbla has already happened as far back aa Morrlsvllle. The consensus In railroad circles now- seems to lie that the Inter state Cotiiinerc Commission Itself Is largely responsible for much of ths freight congestion on the Eastern sea board. Home time sines), when the com missioners made an Investigation of rail road fax-ill ties at New York, they ad vised trunsiiortatlnn companies to get rid of at leant half of thalr floating equipment, as It was entirely unnecre aary. The New York Central Itailroad Is aald to have adopted this suggestion and diaposed of half of lta lighterage craft. The New York Central la now trying to buy boate to replace the light ers sold. The bridge builders are much encour aged by reports emanating from the rail road tau larger contracts for liihhte work will be placed this winter In time for sqirlng service. No adequate esti mate of tonnage to he derived from such contracts can be given, but especially large ordera are expected from the Bal timore, and Ohio and h fair tonnuge from tin Pennsylvania. The New Haven also, ss SOOn ns finances will jiermlt, will go ahead with the Thames Ktver bridge, as previously noted. This work will call for the expenditure of about fli.ljOn. 000. The coal roads, more especially the Delaware, Lackawanna and Western and leehisHi Valley, are constantly In the market for bridgewotk. The Southern Railway has placed an other "jiitrart for liridgework. calling for about 600 tons of structural steel, with the Virginia, itridge and Iron Com pany, and another contract for alum 100 tone of bridsrework with a Northern shop. Inquiries are still In the market f'oin the same road for about 400 tons Of steel for bridges. The Iehigh Val ley has put out a new Inquiry for two lirldges, calling for 250 tons of steel Bhspes. The New Haven aieai hits an Inquiry In the market for two small ' . tree. Three Western mads are on the point of closing bridge contracts calling for almut 3,500 tons of struc tural steel. The American Bridge Company has been awarded the contraiit for 700 ton of structural steel to be used In the construction of an extension to the coal hunkers at Newark, levering Gar rtgiie have secured the contract for 400 toeis of fabricated steel for the building of a garage on West Sixty-seventh street for the Hudson Motor Company. The same fabricators, it is understood, will also furnish r.on tons of structural shapes for the Bullard Machine Tool Company machine ehop at Bridgeport. The Hooker Electrolytic Chemical Com pany of Buffalo bus placed a contract for another factory at Niagara Ealla, calling for BOO tons of steel, with the Ferguson Iron and Steel Company. Re portl come from Buffalo that the latter company will expend 11,500,000 In plant Improvement before April 1 of next year. This company is understood to have gained great bene, it from heavy war contracts. An Inquiry Is In the market for about 300 tone of structural aleel for the building of a court house at Durham, N. O. The Board of Chosen Freeholders of Hudson county have awarded the gen eral contract for the building of the Hudson county Jail to W. 11:" W. Csne of Jersey City and New York. The contract price Is t S l.SSo. It Is Inter esting to note that n the previous occa "lon, atsnit alx v eeks ago, when bids were taken, J. T. Brady Co. of ew York submitted a lowest bid, 1754, 440, or more than llOn.OOO less than the contract Just awarded. According to one contractor yesterday this Is an ex ample of .lersey economy. The higher price submitted is said lo have been due to the higher prices prev ailing for plain steel material and for the erection of the fabricated steel. a Th Samuel I,. Moor Corporation is understood to have taken bids yester day on the construction of a machine shop calling for I.&00 tuna of fabricated structural sleel. It may not be generally known that ths Moore corporation Is a subsidiary of the Bethlehem Steel Com pany. THE SUGAR MARKET. Raw aad Krflned Inactive s-H-tares t nse-t tied. The market for raw sugar was inactive, but aales were reported of 7.0(1) hsgs of Cubaa prompt or In store si 4i8c. for osntrifufsl 4 teat, ditty paid. M 3',c oot and frahrnt. Traffic conditions are still a disturbing ele orient In th market, and there was more or lesa uneasiness resarding future ahlpaisnts from Cuba. Th market for refined susar wrss inactive, with prn es nominally unchanaeri 00 the baaia of 6.40c. lor fine granulated, but th under tone was firm owing to rumors of a better export Inquiry In the market for sursr futures th under tone wa somewhat uiiaettlad. end while December closed at an advance ol 20 points on bids by shorts anal In absence of selling nreaatir. the late posit Inns were 1 to I points lower utsler ecst4er"d liquidation ims! s-llr 4 which was thnurht to represent hedging operation by Cuban trleraat Total sale, far lb day wars 4,U0 tons. Prices follow: Opsn Hlsh lxiw- Ooa Prev lutf. eat. est. ing. does. December 4.lr4. CM January 170 3 70 3 44 1 417)1 SI 171 February 1 40 3 41 s is 3 MWCJ7 3.41 March CIO 3.10 3 34 IMsiCSC 3.42 April I Mail 40 144 May I I.. 3 4.1 ( 46 3 44-11! 4.-. 3 44 June S.Pstfa 41i 3 51 July...... 1.04 liel 1.64 3 62'ill.M IM AlltU'l , C64ll..'sl 3..M SeiHemMer CGiUfil.SI in Ootobw MO 1.(1 . I.UwCw) CM THE SUN, WEDNESDAY, WTtsev. Advance a S Cents Sta gsrt Mwytag Ooa tin wee. Th export thurlness In wheat during yesterday's session showed no appreci able diminution and the sentiment In opvculstlve quartera became more bull ish In consequence It was said In con servative quarters that prloss were being lifted so rapidly that foreign buyers would soon weary of the paos, especially as the font of shipping wheat seemed ex orbitant and financial conditions In ths various foreign countries were pre carious. On the other hand, ths sig nificance of wheat being among th cheapest and the most adaptable of food stuffs is not being lost sight of nor Is It forgotten that prices havs been regu lated by the business from day to day, rather than by the measuring of the available supplies In all poe.tlons. The quantity of wheat sold abroad yesterday wns estimated at close to 1.800, 000 bushels. Hlnce Saturday the foreign tsklngs of American and Can adian wheat hays reached almost &. 000,000 bushels, a considerable part of which was taken at th Oulf. There was nothing new In th advices from abroad o explain the eager absorption of wheat offerings, so the trade concluded that stocks at foreign points again required reptenlfditng and that the abssnos of re lief In the tonnage situation aa applvlng to Australia and Argent! na was respon alble for the urgent buying. Wheat of ferings in Australia and Argentina are sold to be liberal. While cert Hi 1. speculative ttoup mad much of ihs report removal of Brlilah troopa from thi Dardanelles, this action was hsrdly a surprise to ths grest msjnrltv. a i..ui weeks sa It was offl cially announced that the campaign was to be postponed or slmndoned Further more, no one ha, been figuring on much wheat leaving Russls. snd on th basis nf th statistics avsj'.vbl wheat supplies are theoretically abundant this sesson without recourse to th Huaatnn surplus However, there was a strong utnlrcarrsnt of speculation durlnx the dsv. Uarge snd small traders war on both aldea of Die Mat. hut th artton of tha value In soar ing to nw high records for ih eeuson olesrly ahowed that huvlng power pre- fionderated and all traction were short Ived. Bntntrrtf, world" tImN etsteir.ent was readjusted verday anri howe,l a gain of 31, 004,000 hushels for the week The total visible In the United Htiites la flven at 44.000.000 huahela. acilnat ic on 04 last vear an Canada at 45.ono.sos. sgslnst I4.ooo.ooo. and in and at1rt for Europe st 71.000 0o, oaalnst ai. 000. 004 bushela 11 vear ago Corn Ths pressure from raah houses, representing country Itqul.l.itton. deprea valuns fr a time There was also liquida tion for speculative account on the ta creased receipt and fsvnrabl wther. The receipt for the day were 104.04 huahela asatnet 710,400 last week snd l. 400. 00O a year ago. A firmer ton de veloped In the hue nwirket as a reault of th rise In ths tieat list snd th reitera tion or statement-, pertaining to the com paratively small uinounl nf fee. Una corn In th country Porelan markets ar trong In reflection of th high tonnngc offers, hut It Is understood that corn ,yin sumptton at foreign polnta has undergone a moderate reduction. Oat The market made a fair recovery, due to short ...venna which wa Inspired by the pronounced etrensth In the wheat list. Assertions that Cs readies oat, will b sold In this cnuntr n a moderate fur ther rise deterred trewh outside buying. The eapurt Inquiry . s said to he very limited. Hedge selling ww, Intermittent although the receipt, have been onlv about ton. 000 huahela dally, or equal to those of a year age. Provlalons There was conalderable hedg selling in the market yesterday. 4 large hog movement w-ua expected. The epeculattv support waa light, despite the advancea through the grain lists. Chicago prices: Open High I.OW- Cioa Prev Wheat: lug est eat. ing rloae. December 1 IM ISI 134 If May :as 1- r.. ir. mt July 1144 II. S 1134) UM 1134, Corn: December W ?' M 70', 44 May 73 741, fltt 71 7!, Oata: December 41", -;. 41 42, 414 May 46e - . 44", 4,s 4..V, Pork: January I .85 li s." IS K l 33 Is 77 May 14 45 11.70 li.jo lt.yi 11.77 Lard: January 4 47 4 47 4) 4 80 447 May J 47 v7 Ml I 00 mi January ' 7 4 ;: 5 71 I v. May pi .J 10:0 in 1: pi r, p. The New Tork wheat price, were: Open- Hih.il Ixiw- Clos ing eat. eat. mg December I"l THE STEEL MARKET. Hal I road I'lnrlnaf lrr Onlt-n for Rail Th Cinmnnati. IlamtHon aiwl Iainn Rail roattl Cnmimiiy rut ly platfsl aii onlrr (rr ; tun ol ahtlswil sr r.ui rauls with ilir Str CortMjpaiLini milU. .' th TwfM Tr mm.iJ hAufht ton frotn the AlTomah C.tm;:'iv Th ToI-mIo. M I ; aiMl pouiMl " r.t.;- st:ni the Ann Arbor i on ! the point of .luHtng for : .-v tun of ft 1 Kuml Mfi-tion ;.! Th Prr M ;irg BfUi rl Tni mi Oftttf for HO ivnt r itmii riH' tioiis for mn to th Weirii Stt-w-1 Car ih1 FoutMlry CtMiipanjr. Tli Sew York. Ouiano arvti WtNil-frn hai onlrrrcj hotrr otM from the 0mhri Htawl 'onit'.in aiwl 100 1 from the Ams-rii'un Car ami roUMfcrjf OMIa pttuy Ttie lelriw:u'e t ,.s- - . aiul Wea tern, the IlafTiiJo. H'heater :ind Pittahurf and VtrvliUHi' KaJlw;iy are Mid to te (re- ' naruni to pi Mn1raila lor motive ftower ! Thar. Ttaath VaJIry Railroad U hsrtrta; oia fKirwnhdated rigiii built by the Hahlwin LeOeoniotive Worka. A lanre tonnakr of Mteel for the m.inufa turo of wsvr tnumtlonn m atill under MfotTl lion, mainly for dntneatlf ne. The in- JulrleH for ihre"t exiKttn MlMWUt prvavlflt Ittaburr renorta an a1ranie nf $. j. r ton 1 in tne in-n- oi snce i mi n i to k ami on blork aheeta to v baaic mill MM'tC tuier of fhaf'nigj have ftttrftTi-ned I pgr ton by relut'iiii the MtttM to off car load lota. Sere rill new Imimrlea for jiir iron came out , yeatf-rdhij for eaMeru ahipTnent. but ware mainly for a few hundred ton lota Moat of Ihe eaatern Pennsylvania fiirnrn-ea are demanding f-1" for ahipment over the flrat half of next ye-tv. althoua-h aome reivnt lia are reiioried lo have hen maale al . Itae to lit at the (unn.t for auh ileliv fry There ta a wide ratwe in pnoea at Buffalo, aa ti)U'h t (:i per ton on the aame rraile of iron, for alupnienl over the -..nd llalf of 11. BUSINESS TROUBLES. DAVID Idi'HTMAV, lotnc hualneaa a the rhtldren'a Htore. L'4 Sixth avenue, with a brAnh atore at riiahkiale. Bttloi ti bankruptry by t-redltora Iduldtltle. 110.000; aaaeta, 3,r.0tV Mr UoMMMi haa hen In iualneaa thirty ye-nra In vitrlmia Hnea and haa had thla hualneaa for aeveii ysnrH. The t"t(re at PottSbk-Mpfli vaj openad three montha affo. UAi;i. J Hi i.TT, tnena f urnlahlna; k ii 1'ougiikeepale, petition In bank rnptcy by creditor) It RM allega! that ha made ail aaalgnment ti Everett VI Travla. MAX Kll-KNBKHO, ma nufaturar of qullta and pillow a, 201 0 Third a venue, pett'lon hi bankruptry by t redltora. Mr Ellen bera; made an aalgnment on Monday LlablMtlea. '. on. aaaeta, tl.000 FRANK DUOKlN, urocer. HIS Ht. Nlcholaa a venue, petition In bankruptcy by rredltnra. HARRY AMMAN, HUnton atraet. men furnlablna; irtMXle. petition In bank ruptcy by credttorn. Llubllltlca aald to be $2,000; aaaeta. SftOO JOHN V1VIANO. Vonkera. tiled a petition tn bankrupt-, . LU bill- lee. $4.400 . no aaaeta. IMacharae (.ranted I.F.ON FICKLIOH Ju-lfie Hand haa (ranted dlectiarire rroni oanKruptcy to I, eon Fickle r. dry cooda, 1 77 Third avenue. it gains? whom tt petition w,i tiled on January I, 1912. Hwnkriiiitcy Hchedtilea. 1NTBRNATIONAI QAM AND ULBCTRIC FIXTI'RE t'OMPANV 1H0 tlrand atreet - ht-duliHi abow Uabtlltlea, $:3.;oj, aU. S9.M0Q HORR1H (iritTAN, ahoea, lit Monro atreet achedulea a ho w HahllUlee, $:t :t ', : , Haaetf 5. 452. ROttKN FBIsU - HHAFFRON COMPANY INO.. manufacturera of dreaaes 2T Weat Twenty elyhth at ret-1. acht-d nita allow llabllltlcf. 110.41,: ameta. I11.I&4. It waa atateil that th ntlre butlneaai haa been eold bv (XHirt order for a.ltl2. JOHBPH HO.NHI, furniture, 3ft Wen 121lli atreet, i-chi-dulea hhow llaMlftlea, $t).115, aeata. I1.6H3 HYMAN BlBKOWfTS, tnena furnlaMtift (ooda. Port Ch-ea-ter, achedulea ahow Ila' bllUlca. 13, IM aaaeta, 2;: Aaalajimenta. BALDWIN aY KITHERT COMPANY manu facturera of feuihfrt, 24 Eaat Tweutv flnsrt atreet, aaalnnment to Letter H. Frcedman, The t-ompauy waa Incor poru'ed In January, 1 9 1 'J . Capital stock, :.(0, wi i. I'M Rltaert la prtaident VlCTOfl KOCH HAIR 1 N Ol'STR Y. INC. whol en., human hulr a;o:ida. 12a E;im Hlxtcenth atreft, aaala;nmint to iqlotnAti Hyman. Vlitor Koch ta prealdant. He waa In thlx line for fifteen yeara. Th company waa Incorporated In April. 1914 SMITH A MEYER . i-..,s,.. of Philip D .(ltd Sttnuel Meyer, nianufnet ureri of ailk w.ilrtf. Wf Mg lit MR t h atreet, aelgiimeut lo Archlhald Palmer. DECEMBER 22, 1915. DA VIES WARNS OF MEW COMPETITION IN TRADE Points Ont Ileqnirements of V. 8. Industry to Meet After War Conditions. JnsKph B. Davlea, chairman of the Federal Trade Commission, add 1 1 SO 1 the American Export Manufacturers As sociation at the Hotel Blltmore yester day on the urgent requirements of American Industry to meet the Interna tional competition which will Inevitably follow tha close of the Uuropeon war. Ths reorganisation of Industry, ha said, when finally established 1n Kurope. will be Invested with a degree of efficiency that will command the respect of all rivals In tha markets of the world for the reason that an industrial and a military organisation has bean developed in tXirope that haa eclipsed anything of the kind ever seen. "To speculats oa to the oondltiona following the war," said Mr. Davlea, "la idle. But It Is still greater foMy to assume that In the long future these lesson derived from these conditions will not be translated with military ef fectiveness and discipline Into efflclencUs and economies of production snd dls trlbitkin when tl energies pent up tn the struggle shall be released for In. lustrlal endeavor. The stimulus of ne- cessliy will p,. these processes, for Inton mi, mat bills will have to be paid through reversing balances of trade, snd every effort will be made by Uov ernments Involved to sustain themselves from destruction. "When these oondltiona obtain It will require all of our vision and discipline, enterprise and conservatism, sagacity and during to meet them. It will re quire that our Industries shall be inte arated and stabilised that the social wall being of ties workers be sustained: It will require a large minded Intelligence and vision In the division of fruits of Industry between capital and labor." Tn the evening Mr. Davlea told theh National Credit Men's Association that His Federal Trade Conunlaalon la mak ing a aurvey of trade conditions In Central and South America, with a view to having obnoxious conditions remedied. DAIRY PRODUCTS MARKET. HUTTKR High rrda ruled firm under Htnt aupply. wlthouah extra developed an aaler untlartona with tha arrival of it laveil Nhlpmfnta. Shailna; of ftrfcai to mnva the ffotida rauMd a frmrtlonal chanfe In quotatlona. Uealera are folnf more on alori butler to the nt.v i of Inter medlMte sradea of fr-h. rfaultlnr In dull trw.le In the freah Built, of current r- 'l-nt are of Inferior quall'y and negleftaj, MMVlUd continued tlrm Lad1ea and parking utoch eaalr PrlW)l Creamery, exirai. :' arore. Si i j s v. ; higher ifor Ing. ITVlttte., nrata. tS to 91 acore. 2Q the,; aeiiinda. 2S-4fc:ar.; unaalted. fanry, 37- a Jia. .; prime to chol e. SI 1.0.1 held axtraa. o no s 1 . higher acnrlng, Itl1 J4 : ftreta. 27 4? :9i- ; Htate. dairy, tuba, flneat, g0$fe.l gnod tn prim. "t lie.; rommiiii to fair. ::i-27c. ; rano-a tfj, eitraa. 1 1 S r ;'S ; Urata, 2Sl4e. ImlUa. current make, flrata. !2c j aeronda, 204 tie, Packing itock. June make, fine, -o S 'i : rurrent make. fine. It) ft 0.1 No. 2. ItJg. lower gradea, lMirr CHBaMI Trading continued quiet, but all tot ware hM firm, with hoMera aak Ing h prt-miuin for fine good. Htate flata ami Young Arm-rlcaa ware active, dalnlee qult. Kxportera are making Innul'iea again, but r tranauitlonn were report ed. hklma rontlnue quiet. Prlcea; Htate, i milk, helit pe-1ala, KWVn't1 a.eraa;-., fauuy. IgfAfflte.) current mak.-,' apailaU. UfAc.1 ftaie akltne, held apechila, lac; currnt make, apeiiala, H u ;cr t hvlte. i:wl3,i fair ta anoj, 4 m llaCi Wlwoiioln, twins 1 : ; : double ilaiali-e, I7dl7c.; Young AmtrUaa, 17Sil stUCM R004pta wer nmr- liberal, with rrailt unraKaJg aa o arrival In th- near future Market n freah egg lrrgu!ar and uaejattledi but quotation ateai v. leiM 'It-Hlera wrr irapise.l to gttl pHOM t mo atork and ri-Hn up at'oumulatlona of Inferior go S:orags egga w-re a Ittle more Irr-guUr In price, wirb aome hobier dlagMM ! f a "-Iomo out eve n at a email Icam Held Btock continued moving er well at the irlcee Nearhv white gg In tnotlernre Bupaji and tady few good rnougli t4 immand top prli'e Pricee: Kreah gnth- res) extra, tine 3711 ; extra. t1rt 3:iwfSc. 0rt, S;'1. I4c eeeondo, SOU 32c : No. I. dlrtle ill Itr refrigerator, epecigl niarka. fan-v, . first, ptoraara ?tt:tc. gao 'i llH r23'tc. . hennery white, nne to fancy, let) tec. ; browna, H94fo.; mixed co'.tr Ittplla., refrigerator, nearby whit.e, v lc, LI K F'Ot'T.TKY About rarloadi w re tin load -l yeaterdav, ,t unuaua lly large amount Demand was only fair and value were unset; If tl. Trailing na at opeTi prioee, to be natfle later tn the wek. Turkeva were held firmly on light supply. DRBMsffD PI ui.tky Freeh dreaaad turkey were In light aupply. with the out. look for a Mn tinned light aupply through the nee-ii lot k arriving olJ promtitlv : ttrm prioee, .' the lasl of Th.nkglv Ing values. Conalderable out tf town buy ing ix a a in avldonoo. Southern turkey were generally uf bOtVOr quality than uual and aold along with t he Western. Aver age quality of t urkt-ya from all ".actions proniU-e to be unuauaMy good. Chlokena In fair demand at firm prlree Ljarge fowla were taken promp:;v, but small were alow. Konaiers In i'ght supply and Itaadyj dttt k and ggagl In moderate aupply and firm. I'rloea : Turkey a. Western. prlng. fair to good. tltzStc; acalde.l fancy. 2fl 27i. ; poor 110170.; Kentucky and Ten itesaee, ;2'J?c.; Tsva-. fair tu good. I 2? r, Fowla. fre-h Western, dry picked, DOged) 69 l" and over. 17'c. ; Wentern, Kcalded. large, iritc. t'htcken, freah, near hy, 8 and 4 loa to pair, llffl ; Vir ginia, milk red, I and 7 Iba.. Isl-. ; dry plckoil. t-orn fed. and t It , 14)91gU OKI rnoaters. He. ; suuaba. prtmi-, white, to lb, to doaen. M-TI; 9 (be . It r.9. 9 lb.. . DAILY TREASURY STATEMENT. WAHHINOTON. IV 21 Tha alaiemenl of the faottpt! an1 diaburaementa of the Treae ury showe: Thla month rteal veai Ptwetnla lT?..wa.9 IS' . Diahuraemeig 47.(10,93 rO.444.9M Datoli H.o.26 f. i IU,IN Rereii'ls from customa tn day. 1471.720; internal revenue, ordinary. l.21?.90t, income tv tott; mis. ellHiieoiis 993.4 National hank notea rewivenl for redemp tion. i aM.lee The rurrent atatenient nf the t'nlted Atatea Treeaurer lor lerenier 10: t.ENERAK PUIrB AvniUble fold tM.M2.17 Aeailsble silver . 1. M.ti4 I'nlted Stalea notea ..07&.92. National bank notee and Federal reaerve notee ll.7M.tn rerttfled cherka on banks 190. ISa Subanliary atlver, minor culn and . eiiver pyfllon. aS.Wt.719 t n. !. unified niuaiiiied currencyi. 1.1C1.1M IVnnaita tn banks and Philippine Treasury . 97.5i4,tl7 AvniUble currency In Treasury and banks 390.191,912 Deduct current llaMUllM 9fl,r"jl 94" Net balamvt in sretieral fund 10t.K7.tTl HESRRVR FCND Gold coin and bullion IU2.979.921 TRUST KI ND. To redeem outetandinir oartlflcatea fi.w ,u;t m Grand total cash aaeate in Treasury 2,901,249.721 MONEY AND EXCHANGE. The New York Federal Raaerv Bank rates ware 4 per cent, for thirty to nlnty days and I pr cent, for longer hill,. open market dlacnunt, prim acceptancsa, maturing up to ninety daya, v ' u 2 per seat. Commerclsl paper rates were It?!1, per csut. for sixty to nlnely day, bill, and for four to ,tl mouth. I.e.- mimes, a ta if 4 per cent, for othtrs. Time money wtin quiet and Arm. ftatea wer 2. par cent for slaty dsys, 24 41 POT cent, for ninety days, S psr cant, for four, flvs snd atx months Call inonsy uu the floor nf th fttock Kxchsng ye,terdy ruled st 2 psr csni., htali 1 pr csut.. low 14 per cent. sterling exchange waa firmer. Final iiuntutlona were: Demund, 4.124a i cables, 4 711, Call money tn London, 4 n I per cent : horl Mils. .-. per cant., tine months bills, IV, pet cam Domsallo eachang on New York: st I ...l-. pari Han Krsnclaco. 10c. premium. Mlnnpolla. 0c. prsinlutil I Chicago. 10c. rllaoounil Cincinnati, par: Montreal, 10c. premium. Bar silver In I .onion 24 1-U d. 1 New York. 64c. New York clearing lluuwe aialement: change,. .i.-3.7.:a4. balaii'. II,- 4V4,97.l Sub Treasury credit bulanea, 11. lit .Mi, Exeoator Ohartererl The Famers' Loan and Trust Company Nob. 16, 18, 20 & 22 William Street Branch Office, 475 Fifth Avenue New Tork. L0TOOT, IS Oeektprtf St, 8. W.t 86 Old Brosi Stmt, St PAEIS, 41 Btmlsrsrd Hanstrcann BEBLOT, 56 Voter dsn Liidsa, lf,f Trareleri' Letter! of Credit. Foreign Exobanga, Administrator Chiajdlaa $65,000,000 in resources, a progressive organization and a strong directorate, recommend this Company highly to corporations, firms and individuals seeking a good bank ing connection at the center of the American Money Market. Metropolitan Trust Company of the City of New York George C. Vsn Tuyl Jr., President 49 Wall Street INTERNATIONAL MERCANTILE MARINE COMPANY COMMON STOCK In view of the application made this day to list on the New York Stock Exchange, the Certificates of Deposit issued by the United States Mortgage and Trust Company as Depositary, under Deposit Agree ment dated November 12, 1915, and to afford a further opportunity to holders of Common Stock to avail of the benefits of the Agreement, the time to deposit shares thereunder, has been extended to and including DECEMBER 27. 1915. Holders of Common Stock are urged, if they desire to protect their interests, to immedlatoly deposit their shares. Dated: New York, December 17. 1915. ALFRED A. COOK. Counsel. CHArNCEY H. M Ultra BY, Serretarr. 65 Cedar Hireet. New York. No Drafts U SJ- I'l- ni v nf frcf-n air at ;tll waenns. with out havlner paiven )ow all attout. Van Zile Air Deflectors iltatrlhut.. ihe sir BVsnlg wllh..ut tlraush" or ,uil()en pu(T, Knalnenrtng sur,e without obilxstton VAN 7.H.K VENTILATING t'OBP.. M Cortiantlt m. rhone ih7 OorUaan. DIVIDENDS) AND INTEREST. American T4ephone & Tcfegrapli Co. Four Per Test Collsteral Trust Bonds Coupons from the ROSOS, payable by thalr tarma on January I, 19 1, at tr. office of th Trsurer In Nev York, will Ii paM hy tha Bankera Truat Compsn;-. M Wsil tfSSi. 0, P, MII.NK, Traasursr. AMERICAN TEI.KPHONK TEI,E4.RAPU COMFAXT, A dll.1n.t of Two Dollars per share will le paid on 8&turdy. January 14, 1914, to atorkhnldera of record at th clOSS of hual ness on Frl lw , December 11. Hi:.. tl. D. M1LNK. Treasurer. ATLANTIC NATIONAL RANK tF THE CITY tK M;H ItlkK. December II, lilt, Th Bowr.t if Dire. ;,.r. kav this day oe -clsred s semi -wmiu,.'. dividend of threo per Seat., free of tux. BaFable "n aisl lifter January l. me, ta Itaokholder nf re. ord st lb alSS of lui,ln,,e December 34, I 1 0 . V. K. ANDItrsw. Cihlilsr. Natlns, Banks. EMIGRANT Industrial Savings Bank SI Clumber, St.. New York Th Uoanl nf Trihtrw baa U'lanf I a M-ini annual iln I Icinl at the rati- of FOUR PER CENT. l.r annum on all d.p.e.iis eniltlci ISSfSiU. Depoiiit mode on or Itetore January 10th, 1916, trill draw intereit from January Int. 1916 THOMAS M Mi l. ItV. Pi Sllllnlll JOHN .1 I'l I.I.KVN. t'ooipt roller IRVING SAVINGS INSTITUTION lift (JIAMHKK.H ST., N. V. The Trualaaa Rave deolared a rihidend for the alx monilia rmllnR Dae. Klrt, 1 HI 8, at th rat uf FOUR PER CENT. per annum on all sum, from If, In 13.000 entitled Jhereto under Ihe hy.l.iw,, poyable on end after January 171b, llll, Deposits made on or before Jan. loth will draw lntereat from January let. 111H. If E TBNKK. Preeldent. il-:i.'RiK H DvNNINa, secretary. HERMAN bAYlNt.H RANK la th City of Nrw York. Cor 4th Ave. and 14tli Rl Nw York. I i c. n I .e r rt. 11(. lntereat at th rat of KOIJH itl HER CtCNTl'M Pr annum will be credited de posttora for the alx month, ending Deem her 11, ll!i. on all euma entitled therain under the By-Lowe ni exceeding three lhou,nd 1 3,000, Dollar,, and will be pay uble on mid after .TutlUMry 2Mat. Disslta made on or hefor January 10th. 1914. will draw lntereat from Janu ary 1st. 1914 A LFBKD ROIUKBR, President. A. KOI'PEt.. Treueur-, FINANCIAL NOTES. rhrtstinos gift amounting to $43,000 wer dlatrlbuled yesterday by tha Corn Exchange Bank tn employees Oenrg P. Kennedy. lc-prealdent of the ChHlham tn. 1 Phenlx National Bank, will resign on January 1 to enter Into th partuerelllp Ol D. X, Matthew, A Co, builder,, of Ihe Borough of Queans. IV. It. Barnst, asslatsnt general paa aenger agent of the N'w York Central Railroad, has been appointed ssslatant gensrsl salsa msnsger of th American sugar Hailnlug Company. Th appoint, meat become effective January I. Trustee 182 JOHN w. FLATTEN, chairman. M WI 1.. CLARKE. DUMI.lt ). I'kDDCB, A. H. S. POST. TACT C. RICHMOND, WILLIAM C. TAN ANTWERP, COMMITTER. DIVIDENDS AND INTEREST. E. W. Bl.ISS COMPANY. Borough of Brooklyn, New York. December 20. 191 o. Ths Board of Directors of this Company haa thla dwy declared tiuartsriy d!vldnd of per cent, on th Preferred Htoc of th Company, to be paid from ths sccumulsted net esrnlnaa of th Company on December -4th ,ixl lo holdera of the lrfrred 8tock of tcord on the book, or the Company wt the else of business December 1st. Trans fer tiooka will be c'.o,ei Dcmbr : . r. l to 27th, Loth dates tnclualve. Howard C. Seaman, Hcrtey A Trvasursr. a V4 B. .ss OMPANT. Be rough of Broaklys, New York. December 1115 The Board of Director of thts Company ha, thle day dcired a dividend of IV, par cent end in xtr dividend of 11'., per cent, on the Oomtnon Htock of the Com p.mv o be p aid fnun th accumulated net earnwiga of il.e Company on Dosmbr 24lh next to holder, of the Common st k of record on ttie books of the (Vmpany st the clos of bualaaal December list, Tranfer book, will be closed Decembsr ;'2nd to 27th, both da: lii sltjsirs, Howard C. Sssmsn, b"crtary A Tra,urr. EMPIRE TBI T 4 0MPANY. I to Broadway. New York. a quaftarly alvidsad af two sad one. hlf per cent (2U,c, , thl, dsy ben daclaysd upon the capllai tock of thlH roiniotnv. imvabl on December II, to stockholder, ,,f record at lit close of hue! lies, December 24. 1917. t'n'e,, oiher Imttructlotn. are ltld chcka win i,e moJUd to aen atoekhttldar t the addras l:ist appearing on our hooka The TrHns'er Hooks will not '' closed. MYRON J IRQWN, Secretary. New Vork, December 21, 1911. aEAHO AKII AIR MM StAIIwa Kit I'er Cent. Ailjuatment Mortgage I. old Bonds The semi rttinual Instalment, of Interest . at Seaboard Air I. Ino H,ll.,v A,1Justnii,i , Roi.da amounting t,. U i:.", no, iepre I eenle.l by Coup .n, Xos 23 and 24 for 112 7,0 j e,, h, cm t,e iui,i on an.i after February i till, th "ffl e of it- Blair A Co Xo. 24 ItroM.l Street. .V, -v Yelk Neatiiisrd Air I Ine Nallwa, Co., Bv D C. PORTBOUS, Secretary. New Tork. Dec. 22. 1917. OPPICI OF THE NI AtiARA PALlI PtltTKB CO.. 11 Broa.l St . Nev, York. Dec 2(1. 191:. At a meeting of th. Hoard of Direct of thl. Company, held on th 20th dy ! December 1915. a dividend of 2 per sh. . win declared on the capita! stock '.f t .Company, payable on and after the 1 i dey of January. 114. to itockhol lers . ,-. .,, ,, m ,,,c . ,,, nun, new, on tne s day of December. 1917, F. L LOVBLACa secretary Ori'K F. 4K RKAIIINti COMPANY. Philadelphia, December II, 1915 Th Board .r Dlrwctori ii,, declared from tha net ewruWigs a quarterly dividend of one per cent, t 1 ", t Dn the Second preferre.1 rtloek of the Company, to be pritd on Jmiiu ry u. ill, i,, itorklrolder of recur.l at th close of buslnesa December 21. llll, Dheek "HI be mulled to stockholders who havo tiled dut.leinl ardsra With the Tre,, urer. JAV V. HARB, Secreiary TITLE t.t AHANTKI. AND TRI ST I'OM- No. 116 Broadway. New York City. December 21. lllu. By resolution of the. Hour, I of Trustee, the regular quarterly dividend of pfval PBR CENT has been declared and I, pay able December 11. ISli, to the atockholdera It 'fill ou,,ns Decembsr ioaU W. IHBPAaO, Aaalatant Treaaurer. Office of The I idled floa Impratemrat Co. H v Corner Broad and Arch Streets Philadelphia, Use. I. 1914. The Directors have thla day declared s quarterly dividend of two psr rait (II 00 per eharel, payable Jan. U, llll. to stock holders of record al lit rloa of bualnss Dec III. 1917. checks will bs ji 'ailed I VY MOURls. Treaaurer THE IMPORTERS! 4Y TRADER NA TIONAL BANK Or NEW YORK. NW York. December 21at, 1914 A dividend of Twelve Per Cent., free of tax. haa to-day been declared by thla bank peyabl on th third day of January ieL Th transfer bonk will remain e'eeed till that dsl. H. H POYYBM . CashUr. THE HANK or AMERICA. Se.v York, December 17th. 1914. Tti Hosrd of Director bvs to-day da clsrd a aemt-annuni dividend of fourteen (141 per cent free of tax. payable January Ird, 1914. to atockholdera of record of tht date Tha transfer books will remain Woaad stll January 4th. Ill y . YV. M. RBNNBT, 11 srllegten ft Mlisevrl River Rallrsa. Osrasasy la IsBraska eeetellesiei Mortpp ft Nr went, teeee DUE JOLT I, lilt. NOTICE IS HBREDT UIVBN THAT Is Burauano of a Trust Mortgage Dsed exe cuted to The New Bngland Trust Company, Trustee, by the Burlington A Missouri River Railroad Company In Nehraaka, date. i Jul, 1. lift, ths fwllewksg 6 Coa- oausateej along due Jnlv I. lit. of oatd Railroad Company, secured by ssld i-sea or rrust, nave seas drawn ror pay- vis. ; Three Hundred and Twenty one (til) nonue SJ ,ww rrn, nassner t II 11 1291 lldl 2194 llll "IM lf7 II 112 121 1114 102 1112 t(! r-.'H 22 111 llll 1171 214 121 t71 llU 21 111 111 1177 244 llll llll !,-' II III 114 111 211 II1S 1192 4214 41 111 1211 llll 21 llll 1191 IITI 111 III 111 llll 17 2127 1901 716 III 141 1MI 191 IT4I llll 994 7244 11 III llll llll 1741 llll 1972 7 27.. I 141 447 112 1991 2747 llll 4007, 714 111 171 1141 III 274 1141 401 r. n 111 711 llll 21 277 2109 401 7r.94 111 71 1114 14 1771 117 42 7121 124 til 1171 1471 171 1401 401H 71 111 711 1114 2015 2112 1401 401 llll III 74 142 il 211 141 441 1171 I4 741 1411 111! llll 1411 4li4 171 111 ,77 141 111 III 141 4 .7. (417 III 711 1471 llll 1114 1412 411 '! II 111 1471 21il III 1470 411 9' II 111 1411 1171 114 ISOI 411 12 404 II 1114 110 2901 111 4177 10021 IS 13 If. 10 222 2914 37,42 4149 10120 411 117 1141 111 llll 3141 411 1014 42 4 1141 2101 2117. 31,7.0 4177 I017.S 411 l 154 2141 2940 1141 4221 I0.MI 441 111 ITitl 2141 144 340) 4122 lllll 444 CO 17,11 2102 2971 311 2 4291 10 7,4 412 931 1 7,111 2441 214 .141 3 4331 10,49 411 41 1127 2414 1011 1140 423., 1093, 4a 411 147,1 2411 3042 H4I 4341 10973 11 1,l 2441 toil 3 .. . 7 43111 1 1011 4 1017, 172 2442 1101 S1 434 I 107.1 141 1104 1711 2443 3110 2s 41':i 117,1 14 1 147 1711 245 112 371 7. 4197, 1 IISH 111 111 1711 2411 117 1760 469 11'. 17 llll 171 1477, 1171 1761 4994 1111 III llll 1774 241 1171 1913 I3IT 1121 111 1240 110 llll 3111 1122 Iff! Ills 194 1201 llll 2611 9117 1146 1214 11712 1 1110 And ttt-far (14) Hand leSO Ewrh, num. BBSS' I II 170 IIS tr, (94 72 141 III 14 202 11 4 v ". 99 71 161 167 I 207 312 M3 711 ISO 110 974 72 264 192 61 747 10 7 976 17 20 40 61.1 76 101 9t IT 109 290 420 142 769 111 91 91 141 21 421 170 77, 114 914 1491 169 10) 441 7 771 197. 941 2140 The bonds bearing ths shoe number, will be paid at par at the nfltr of th undersigned, 121 Devonshire Hlrcet. Bo, ton. Me . en Ih First Day nf January . 11. after which date lntereat en aald Bond will res In conformity with th" terms of ths Trust Deed. Thi Itv England Trust Company, TRUSTEE, by JAMB9 R HOOPER. Fraa4at Beaton, Masa. Decr.mbr U. 1311 NOTICE Or INTENTION TO ORGANIZE BANK OK ( I BA IN NKW YOHK. Wa. the undaratf iiarl. hereby Kite nutim ct nur Intention to urgatilse n B-iik. u del and purauant 10 the Uwi nf tha Ktati af New York. and. In conformity "Aith tha tatiita In aueh raae MM and provide, we heraby specify and atata aa follows, to Wit : Ftrajt The tnamee of tb proponed In corporators are: William A Men-ham. Jainea T. Monahan. 1enr' M l.ar.4 . K Halsey Mul'na, Montgomerv f Lewla. piscond : The name of the t i - r . Bank Is BANK OF CUBA IN KBW YOKK Thlrii: Tha location of the propose) Bank is to b No. 1 Wall ,:reet, In Ihe Borough of Manhattan. City, t'fiiinty anl fitata of New York Fourth: The amount of Its capital atock le One Hundred ThOUaaBd Dollar, (ftlftft, 000) IN W1TNEHH WBBRBOP we have here unto affixed our ilanaturea this ftrd day of December, 1 d 1 f. William A Mer. hant. Jamea T. Miiahuti. Henry M KnTle. K llalaey ilalone. Mor.tfoniery II. Lewi E. I. du PONT de NKMOIRH POWDER COMPANY Holdera of Five Par Cem Flrat MoH tiajs t'oeral Trust Cold Binla of the 1 UuONT de NSMOURfl POWDKR I TON PA Ms are hereby BOttllad that purau ant to the provlalona of the M ria.ige aa I Trust Afrevnient. dated June I Oth. lft 9ft, Netu een E. 1. du PoNT de N EMOt'Rfl POWDKR COMPANY and the ftfetfOpe i tan Trust t'ompuny of tha i'lty of Now York tin,; all of the outetandlnn bonds of the above deacrlbed lasue have been called tor retlemptlon on January 1. 191i. Boot, of aald bonds win be redeemed h 11.050 riti accrued latoroat to ftold January i. Ittfti upon presentation and atirrendar thereof for cancellation at the of At ..f the Me:mpo!ltni Trunt "onipin of tha City of Nw fork. If Wall Ptreet, New York, on and af 1 rr January ! , 1 o-i which date each uf aald bondu will DOOM to draw Interest. HeclHtered bond! pre aanted for payment ahou'd hae properlv axecu;ed power.- of transfer attu hed thereto. Dated. New York. De.-emb-r 1 ft, 191b. METROPOLITAN Tltl'ST COMPANY OF THIS CITY OF NEW YRK. TRUSTER BEVERLY OHBW, Vloo-Preoldonl 4f WaVll street. Boruuf h of Manbattam. New York City. TO TUB Hi rLDERfl I K TH H Twenl -Year I I Per ( rut. Itond. of tha HVIMON NWK.ATION COM PANT. Nt tick ts hereby given that hi aocord are with the proio(one the CoTUtterai Trust Doad f tne Hudooti Navigation t?on patty t the t'ltv Trust Company of n York, now The Bqultabia I'ruet Contpam uf New York. TrtWtee. dated January 1, 1903, the following numbered bondi hove been drawn fur rvdoinpl Ion at par and ascrttOd Interest, via. I M lit :l :t;".j 441 Sft Hi ftftT 30 1 1 o lis r,:i 414 ii ? s 4 a i ss ::i s:i 3 r i 4:v K41 ts ft I v: f.a4 K74 MY , 111 i'l j 137 ht Til 05 ftil in .at ni us The urtbi n urn be rod bonde ae payable the office of The Rqilltwbla Truei Compoj of New York. Trustee. No 37 Wall Mre. New York City, on .Ian nary 1 , 191 e, on which dtete Inforeel therein win reaee HUDSON NAVU1ATION COMPANY, My h U HIUUBY Troaeurer. Dtted Ner.- ToiwCt December 7th. Ill MIDLAND TERMINAL RAILWAY COM PANY. Sea!el pi opoeaU will DO rOOOlved at he office of Th Parmera1 Loan end Tnit Com pany. I. H. ! end SI William street Ne-v Yrk City, fof the vale to the TruaAoe, hi accordance with "e provlatone ol the mort gag iate-1 th1 le' ' v I . r-mb. r, 1:, of .i eufflclent amount of bonde t luvet H 7 1 of ih Slnksna Kund pronoaale mual be pnnente,! hefora o'elocfi Mi "i Iba 3"th day of Dooember, Ifttft, and hOtlld lie 'llre. ' d as fn:i iv MPropoaale t" Htnhlni Kundi the Midland Ternttewl Railway Contpani The f irm e-i' Loan an1 Trual Company. ftJ Will lam I, treat. Now York city." TUB PABMBR8 Luas and TRUfT COMPANY Bv EDWIV s MAnSTON President New York. December 11th. 1!15. ten n BMMI COPPBB COMPANT Plral MortRMO tl Ten 'ar j imertlhlf "iiikina i Mini lloJel ItninU. T-m definitive bunna of ibe ' e inr,,. are im" retdy unl .Irllvery win be nia-t-upon preentadfton and iurreniier of the temporar) rocelpte at The National CIm Hi nk of Neu Yorll, N.i ;..r, , Stre New York FRANK II RUDE. Tieaeurei ELECTIONS AND MBBTINOt, it n k t it TRI IT COMfANV. The Annua: Meeting of tin ill ocb holder i tif Hankern Tftial Company for the election Of Dire.-tori ami t ho t renMCtlon of PUCh other bttalnoee w aha 11 coma before t ti meet inr will h hold at the fti . o nf tbe Com pany t II Wall Utreet, Borouvh of Man batten Raw York City, on ThuhHlayi Jati uary 13. 191. at twelve oV'ovk (tooOt Ihe pniia win remain open one hour. The atocb tranefei tKaoke win i pioaad from 3 o'clock P M on January a. i si until the opt-1 dug of biif.tnea on Jmimih t U. 191. Hy artier of the Board "f Dlie.-tors. OBO ' : THOMiON Secretar, New . ork. Dooember I3( uii. The annual ineetlna; of tha erockholdej a of ttii Oempany fr the e.ectt.it. of Dirae tore, tlaeilon of lAapectori of Blaetloa and for th transaction of euch other buKlneaa as shall come before tha tneetlna, ulll ha bald at the office of ihe Coinpam. fj Lib erty Street, kn the rly of New York tha th day of January. 19U, at U o'cloOR noon The polia v i.i reniulu opeo usitll 12 19 o'clock P. M. (Hlfiiedi THKK1DBMTY AND C4JUALTV COMPANY OK NEW YORK ROBERT J H1LI.AS, Paldent Tht Amtrloan Eiohangt National lank Nw, York New Vork. Ue II, t9 1 , Th snn'ial rtteelliig of lh. stoijlholilsra of thla bank lor Hi eiecii.m uf Dlrevtora will I... liel.l hi lu liajiklna house, Mb, III Broadway, New York, on Ttinsttay, .lonuaiy 11th. I9U1. at II o clock no, oi Pol 1 .ubari frutn 11 M. to roo V M ARTUUIt f I.KB. i alar.