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THE SUN, FRIDAY, JANUARY 7, 1916. 150,000 GET STEEL CORPORATION RAISE Incrcn.se nf 10 Per Cent, to' Add 912,000,000 In 8I.V 000.000 to 1113 roll. FOHKSTA l,!,S ANY ST1MKB Tlio t'nltil Hialra Kte Corporation Announced j estonlay tint! It hud ilcclileil o Incrcnte (lie venerea tf jit.ieticully u'.l of Its liilioreis 10 pit rent. Tills will nffrct lietween l.'.O.l'OO nnil 1 "S.oort one ployecu iind will rntnil nil Ilu'icasp nf between l!,iino,o(iu nml l.'.OOi'.HOU In, the company's annual inittoll. While ttic Htcel Corporation paid lliat I the cvugo iidtiincci! wc;v hclns tnnilc ' In view of pmnpfinuN conditio:! Wnll I Street taw In Illy Incro.m'il puyioll .1 movement to furixtall uny ntt'.Ues for Wither cvnpc nml ilc-mnndi for a Krr-iitrr hare of tiic coiiirnn' profits by It It borer. Several bundled employee ot the Kcpubllo lion anil Sloel t'onipnny. the Crucible Htcel Co-.rp.my ami tltc Youngntown Slicot mul Tube Company lire now on strlltc for un Increase In waire. The formal statement Issued r'tturillts; the wukc Increase by Judge Klbert II. flary, chnlrinun of tljo t'lilteil States, Kteel Corporation, follows: Jn view nf the prosperous) c-utuUtinii now rxIstltiE It wan unanimously Toted at a inoetlnK of presidents of cur Iron and steel c-jmpunlcit. held to day, to recommend tha' there should be made adjustment" of tlw w.ic rate to tnko effect l-'ebtuary 1: Hlid t a 8Uleul?lit incetlnr, of the ttnunie eommlltee It was unanimously derided to adopt the r commendation of the , Ircn1ilenLi. It Is proporcil to Ineicui-e j the rnteii of common litHiir about 10 j per cent. As to ot .er depart nionts In creases will be equitably poportl'itn-d. Adjustments In wage rates In our mining companies ore under conn!d- , eratlon. ' : The last Increase ill the wnitr of the ' Bteel Corporation's cinpluyoen was rjlcen in February, ll'IS, nnd mnounteil to practically 10 per cent., or an average of tt.OOO.nnn a ninntli. The Steel Cci- i poratlon now lias about 240,000 em. ployers, e-ninparoil with 219.00ft, the ' number In I M a". In I VI 4 there wen only 1 7 1 , ft .1 3 employees. Approximately 150,000 of the 240.000 tnployecs are laborers and will be dheotly affected by thin wukp Inrrcnse. They arc Rettlnc on an avptatce of about 20 cvnts nu J hour, or 12 for n ten hour day I'tuler the. advanced watte scnt-inc they wilt receive an Increase of two cents an hour, or $60 a c:ir a man. For ISo.OOO employees this will mean an Increase . of about $9,000.0(10 a year. Other labor era will b itltcitt'il. however, and It Is ' estimated that the coioiiiuy's p.i.Vrn',1 will lie Increased f 15,no.fiop. The total payroll In 11M4 vou S lSr.3T.9T. when there were 1111,3.13 employees. Tim average win;.' pild to all employees of the Steel Corporation In 1914 war 52.S5 a day, or three cents a day leiw than in 1913. Kor the last few week,- murmurs of K desire for holier wanes In the steel 1 mills, have been creeping Into New York from all of the Hwl ccntreii. The lub.v.'- e-r In there mills, like those in the am munition plants ami nrilniinre factories, have felt It was onlv rlcht that tbryl should obtain a larger share In the tilt; ' profits which tli"lr tinploycrs were reap ing. I The S'.eel Corporation has al wn.es done much to bcn.'llt the home, social and physical conditions of employees through bulldliiB of mo lei settlement" round the Meel plan'-n. In some of the toel settlements do-tors and minus hove attended the employees and their families without c-li.:rirn. In addition the Bteel Corporation has devised n pens.o-i scheme, and a profit sharlm; schiine which ii ro looked upon as models of. their kind, both here ami (ibro.nl, Al most every year the employees of the company arc irlven the opportunity to subscribe to. the common and preferred locks at tliiurcs well below the current market prices and pilr.es h.-ne bee-i I Riven to Induce tin, men to letaln their i Inves' lents In the corporation's hecuri-1 ties. . The .Steel Corporation was one of the j nrsi iok minimi mi conccriiH in tne coun try to ormnUe the snfct lirst" cam paign, nml th" iciluction In the number of accidents which has followed this crusade has been larxe. The employes of the Hepubllo lion nd Steel Ctimpany who are on strike are said to be recrKIni; about 19'i cents an hour anil hae asked fur an Increase to 25 cents an hour. The offlrlals of tho company ouVrcd tin in 22 cents an hour anil the leaders of the demand for Increased w Res, beliiK dissatisfied with this proposed Increase, went on MrlUe.. SEEKS LIGHT ON BANK BOARDS. Comptroller WIIIIiiiiih Looks Into IlltcrlocUInu Direct ora leu. Washington-. Jan. C. Comptroller of the Currency Williams In the call issued to-day for a statement of condition of rational banks as of Hccemb.-i 31, 191S, eek light on the present extent of In terlocking bank ill i ct tin .i I in and on the amount of loans at excessive runs of In terest. These are two new features of the bank call. The Clayiuu act pmhlhltlng hunk di rectors ftom serving as directors nnd oltlceis of other banks becomes effective this month, The Comptioller desires In formation from national banks us to what arrangements they ale making to comply with the Uv . Many banks In electing their new boauls of directors have taken Mep.1 to displace those direc tor who are serving In the same capac ity with other lli.ancliil Institutions. There Is a stiong pmspeet that the banking Inteiests of the country will usk Congress, to repeal tho Interlocking di rectorate provision of the Clayton act. They claim the act works a hanlship on the banks and ipprlves them of the ser vices of men who h.ne bten Identified with their instltiitlonh for yeais. FINED $10 FOR FLIRTING. Jackson Kllnu'a Attentions lu (ill-1 on "I." Train Annoy I'nssrnucr. Jackbon Kllng of 243 St, Nicholas ave nue, a member of the lle Publishing Company at 3.'i Sixth avenue, was fined $10 by Magistrate Corrlgtin In the West Hide court yierday after he bad been convicted of carrying on an "obnoxious flirtation" with ill (itcnosrapher lu a Ninth avenue I, train. David Lang, a meichanl of sr. Fifth avenue, was riding with bis wife about 9 o'clock Monday night on i northbound train. Jir-t before the train reached the Flfty-nlntli stieet station, .Mr 1,-ing mtld, Kllng became so obnoxious In his atten tions to Miss I -11 1 In n J'eriy. who was with him, that .Mm. I.'ing look oTenie, Iang remonstrated with lh other anil during the quariel that followed I,an Wa puneheil In the face. Passengers in the car were frightened and the guard blew his police whlMIe policeman Mu'cahy of the West IGOih treet illce station placed Kllng under arrest and chained htm with disorderly eMiduct. Magistrate Corrlgan In nenteuc sr Kllng yesterday said: "l am ImpoHlixr the maximum fine In my power." M'ss I'.iiiy liven ut 308 Keft I2!h i hi LAUDS INCOME TAX, BUT WANTS CHANGE Action on ScHpinnn's Itcsolu- tion Postponed by Clinin ber of Coimnci'cc. FOB Kt'SSIAN TKEATY Tl.c Clumber of Commerce, bolillnc jestcrday Its first monthly meeting of the car, postponed action on resolu tion Introduced by Iinwe N. Sellitman, chairman of the committee on State and municipal taxation, favorlnft an amend ment to the Inrome tax section of the tariff act. A resolution proposed by WrldltiK HlliR, chairman of the committee on foreUn commerce ami the revenue lawn, urging the Washington authorities to fonclude ticMles based on the mot favored nation clause with nil nation with which the CnltMl Stales doe not now enjoy treaty ! elation", wa adopted, A ertlon of the commtltee reiiutt preticutcd with the tefolutlon read : "In view of Hip expaiidlng oinmer lal said financial Interesl which citizen of the Tutted States have In Russia the committee In unanimously nf the opinion that stps should bo taken by our De partment of State In cooperation with the Department of Commerce without unnecessary delay to negotiate a treaty of commerce tmil limit) between this count! y and Itusjla." II r. XrllKMin ' flranlntloii. Mr. SellRiiian's resolution, action on which Is to be taken at a special meet ing next Thuisdiy, was as follows: "nriolvnt. That the Chatnlier of Com merce of the State of New York favors mii amendment to the picsent Federal Income tax -eetlon of the tariff act, pro viding for the payment of the tax by the taxable eron and not at the source of Income, a ml directs that copies of these preambles mid resolution be i-cnt to the pioper Hiithorltles." Mr. Scllnman's report was In part as follow s : "There Is little doubt that despite all possible shortcoming the Income tax In the sliiiKKle fur saclal and fiscal Justice Is considered by th xerdlct of nearly nil civilized countries the mnjt satisfactory method of taxation and I" an undoubted advance oer nil other methods. "Ileal estate will always bear It share of burdens, and property ha always been accepted as a valid basis of taxa tion. There Is, howoer. no doubt that rt.il estate is now benrlnK more than Its i-harc of tax burdens. Think Income llrttrr llnsla. "We alt hae visible evidence of con dition In the rent estate market which are nearly unbearable. Moreover the In come principle I coming to be recognized as an even better basis. Two pieces of property of tho same assssed value may enjoy an entirely different yield, ope may be occupied and yield a good return, another may' be unoccupied, yielding no returns, and yet both must be subject to the same rate of taxation. In the case of art ordinary business man. profits area decidedly better Index of ability to pay than are the assets or property of the business. "Your lomnilltce lias unanimously de cidid that the next III order of prefer ence Is the form of taxation marked "III. In ".lie Mills committee circular, known as 'The Ability or Presumptive Income Tnx.' composed of a habitation tax, an occupation tax and a salaries tax. This plan of tax reform has much to commend It. The so-called ability tax Is a tax on the abilities of those who profit from the opportunities afforded by the city of New York. Con ceding that the fairest test or ability to pay Is Income, and ascimiloK that a direct Income tax Is unattainable, the proposition Is tu arrive at the Income In directly and by outward signs, utilizing certain di finite facts of expenditure as yielding some Indication of relative In come. The ability tax as a presumptive Income tax would, therefore, be com IM'sed of three parts, namely, a habita tion tax. an occupation tax and a sal aries tax. Your committee believes, however, that there Is little likelihood of this proposal b'ln enacted Into law." GARY'S WARNING DISCUSSED. Vniiderllp n There la Infla tion In llnnklnit. Ilrokers and b inkers In Wall St reft ns a rule expressed the opinion )eter day that Judge Klbert H. clary's state ment on conditions In the steel trade now and after the ar was addressed more to labtr and to politics thRii to financial cir cles generally. They pointed out that Ji;dgJ (Jary evidently felt the need of conveying to labor and to Washington an Idea of the conditions this country wnuM have to contend with In face of Importations of cheaply made goods un less steps were taken to put Up a tariff wall which would protect markets In this country. In some circles the opinion was ex pruned that the statement was a warn ing that the Sleel Corporation would act conservatively regal ding the resump tion of dividend" nt the meeting of the directors which ocoii'.s toward the end of the present month. Frank A. Vanderllp. president of the National City Hank. bellees that this country Is a long way from Inflation and overextension. "If Inflation mean unviund expansion 1 do not believe that we have yet seen any Inllatlon In banking," he sold. "Hank resers are ample and the character of the loans Is unusually good. I have long felt we eventually should sec banking Inflation ns one of the re iiilts of too large gold Imports and re duced irsenc Tiquliements, but I think we shall see a grout deal of prospeiity before the time arrives when we can say that expansion has developed Into Inllatlon." EXCHANGE SEAT BRINGS $71,000 Tno Transfer To .w Mem bers Mlected. Stock Kxchange seat was sold ye teuluy at J71.000, unchanged from the prrlous sale. Two transfer of seal were posted. The seat of Temp'e Howdoln, deceased, formerly of .1. P. Morgan & Co., I to be tiansfetred to W'HIlnm l'lersoti Ham ilton, also of the llrni, nnd the seat of I. mils M. Josephthul to Kdinund C. I.ym h. I Sheldon Tllney and Spencer K. Mul fold. Jr., were elected members, .Neir Mend fur Itnnditll'a Island, Commissioner of Charities John A. Kingsbury has asked Dr. lleorge Wal lace, Huperlntcndeiit of the State Insti tution for Feeble Minded at Wrentham, Mass., to become superintendent of the New Vork City Children' Hospital and Schools on ItanilaU'H Island. Dr. Wal lace had the highest standing In a re cent examination for this posltlrf cojp ducted by the Civil Service Commission, The place payK IJ.riOO u year. It Ih now held b) William Hurk. who ha been acting superintendent slum the dismissal of Mrs, .Mary Dunphy. City llnnk Deposits ftrt,;ii:i,000. The gross deposit of the National City Hank have reached it new high water mark on account of the payment of the fourth Instalment on (he Anglo-French loan on Wednesday, The total was iriftO,3l3,OOQ yesterday. Th previous lecord was J573, 000,000. STERLING MOUNTS CLOSER TO PARITY Adviiiiec in English Kxcluingc Dun to drcut Liquidation of Anivi'icaii Securities. MARKS STILL DECLINE Sterling exchango scored yrstwd.iy the sensational advance of 24 cents In the pound sterling for demand and cable. It clored at 4.7" " for demand and 4.71 S for cable. At those figures demand sterling I only about S.9 cents In the pound below parity and represent a discount of only about 1 '4 per cent. The closing price for demand sterling last night repre sented nn nihnnce of 27 H cents In the pound above tho low price of t.fiO reached last year before the Anglo French loan negotiation were rot'cludcd and are the highest figures at which ex change on London has been uuoted since the big break. The precious cloe of sterling was 4.7fi for demand and 4,7(1 for cables. The reason for the advance in sterling Is the henvy Ilcpiidatlon of UrltMi held American securities, which has Ixen go ing on foi several week. Francs were stt oncer )csterday, In sympathy with sterling, advancing to 5.83 for checks and 5,S for cables. The prevlou close was r..s: and S.H1 respectively. Italian lire rose fiom 6.59 1 j to i..i9, while ruble were un changed at 29 S. Hates on (Sermany and Austria con tinued to sink to new low record prices, Foreign exchange brokers expressed be lief last night that marks would go to 70 and that Austrian kronen would drop to 10. Houses with Herman attllbitlotis aie said to be idling mark credit In large amounts and turning the pro cess Into Scnndcnavlati and Dutch ex change In order to hate fund with which to pay for the few commodities which Cermany I nble to Import through neutral countries. .Marks closed lat night at 73V for sight drafts and 73 7-lii for cables. This compare with 74 I-Iti for ilralts and 74's for cables on Wednesday. Austrian kronen were ipioted at 12.30, against a previous low record close of 12 SO PACKARD CO. CUTS MELONS. Stork llltldrnil on Coiiimoii and Cash Dlslrllmf Inn. Dbtt.oit. .Ian. . After a meeting of the rompim) 'a board of director held Friday. Alvan Macnuley, vli e-presldcnt and general malinger of the l'arkatd Motor Car Company, litis announced that In addition to tins recent preferred divi dend the company has dei hired, payable February 1, a lo per cnt. stock dl blend on the common stock of the company nnd also a l" per ent. cash dividend. "The company," suld Mr. Maiauley, "has decided that, having now substan tially completed Its programme of plant expansion, a tensonable portion of Its earning will be used to pay dividend on the common stock so lung as condi tions continue to Justify so doing." THE SUGAR MARKET. Itaw t ncliniigrd Iteflned nnd Future lnrjolUr. The nirki-t tor raw sujar rrr-i.iltt'd un. changed tor -pot owtnf to an atiM-i.cc of new hmllif". ctntlitlU.il test l"-ltu minted nt 455c. for Pnrto Hicos nml 1 4v for Cuban, but the undertone ot the market n eay owlnc lo incrraM-d offeiinxs for forward shin ment and sale were reported of IM'H bats' Cubas fur cliaranie January .11 al 3 ;.3ie. nisi and freight, and ai.wo ban ot Porto llti.15 for wciiimI half January ilrnrame at a prue equal to 4 Me for ceiitrlfu:al '." test The market for refined swear .i" Inactive and unibantid at 5s" for tine granulated The market for susnr futures i" uuciie. total tatrs umounttnt' lo 3. To toil', but the llliilrrtnne was slightly earner owlnx In re. ports of a little more iresuie to s-tl In the pot position, and eloi.tnr pric weie 1 10 2 points net lower. Prttei follow- Ols'll lllill l.nw Clns. Prev llltf et ct. 1118 lio-e Jamiarv 31 3wi 1W 3J.mi.iM :') February .. 3.31".. 3 37 33: March 3 3Ci3 .n; 3 1'. April S-Sl 3-5 3 31 3 3MI3H 3(0 May. .. Hi 344 J-vi 3 K l3.li 3 to June 3 0P3HI .141 July 3 MVS 51 3 '.3 August 3Mil3W 3 September 3itC3.-.s 3 Of lolsr 3nii3i;: 3 Soemtier SiCluSSj Its Deivmlsr 3"U3 6 3 6i BUSINESS TROUBLES. SAN ANTONIO LAND AND 1 Itllll! ATION CO.MPAN V Ju.le A. N, Hand has set aside the adjudication In Imnkriipuy uf the Sun Antonio Land and Irrigation Company. Ltd , u Canadian cori.ir.il Ion organized by I)r, 1- H. IViirsnn In April, 1911. with iaplt.lt Mock nf 4,UiJ0,0JU, In antulre 60,000 acres of land In Texas, on lb ground that the principal biulnen was at S.in Antnnlo, Tex The Judge In a long opinion said thut he was con lnced that Texas was the place uhre all the buintti eieept nf the must for mal kind was done and that the adjudi cation In tills district was without war rant and muss be set aiile. The Judge found that the company had stun prop erty In New York clt), consisting of stocks of the Medina companies, which were pledged to the Kmplre Tru.t Com pany, and also I, cash with the trust company, Ths Sun Antonio Land and Irrigation Company Wnl a otuntar) petition In bankruptcy In this elty on NovTinber 4. till I, shun lug liabilities of 19. 030, 934 and nominal assets of $731, 354. Petitions In Bankruptcy llAS COMPANV, INC. manufacturer of lighting rtuur?s and lamps at 510 Canal stret, petition In bankruptcy by rrtdl tors The company made an assignment on Turaday, Liabilities, 1 1 4.000 , uls, St. 000. WILLIAM HTi:ilN, Jobber In furs. 31 West Twenty-eighth tret. petition In bank ruptey by creditors. He made an hsmIcii. ment on iei'mber . Liabilities, t,;s: ts. 11, too. MINNIK KIIISTHI dry goods, 760 Tr mont aenu. petition In bankruptcy by creditors She has made an .iatgnmrnt to Charles llabst. Llabllltlis, 13,500; as sets. $1,500. RAYMOND PACK, surveyor, 5193 Starling aienjie, The Hronx. nird a petition In bankruptcy, llabllltlis, t5,5tii; assets, 43. SAMCKL III.BCIIMAN. 137 West Nlnsty sixth street, fornnrly a painter and decorator, tiled a petition In bankruptcy, liabilities, I3.SCT i nn assets. Many of the debts w ere Incurred while be was connected with S. Ulechm.in A Co., trie He did contracting work for th" eltv of New York on the temporary structure of Washington Market and other Join JOSK JUNQPElt A. cigar manufacturer. 1:9 Water street. Hied a petition In b.ink ruptr; liabilities, H.093. no assets. Hsnkmptcy Schedules. IIIVINIJ HP LAND, 155 Ibist Siinilj.i.r. onrt street, real eslate ageni, schedules show liabilities Hl.-l.v ami assets ID. 141 AMKltlCAN TYPKWllITEIt COMPANY. :r. Itroadway, sehslulrs show nihilities S 1 3,350, and assets of unknown value In the hands nf the assignee. MICHARI. CKItl'SSI, building contractor, 71 Kast 135th street, schedules sboiv liabilities 110,335 and assets 111, 399 pi account. ItOZOPr A KASS. dry goods, at 70 Hes ter street, schedules show liabilities. 33 694 and assets l:,046. Assignments, LITTLK 11 AT SHOP. INC., millinery, 73 West 116th street, assignment to D.nld V Kahn. PBTKIt A. DtlZDTH. tradlnt 11 Duiets ton.", second hint machinery, .10 Church street, assignment to Andrew Koulds,' Jr. KereUer Named. KAPLAN AI.SOKIIOM Judge Ne. burger nf the Supreme Court haa granted an application for a reielwr for the assets nf the Dim of Kaplan A Alan from, railroad ami itcainsblp ticket Agents, 3941 Delancey street, lu a suit brought by William Alsofriun against Samuel I, Kaptnn for a itlssnlullon uf the iiartnerahlp formed on September 54. 1906, and for an accounting. Mr, Alanfrom will be appointed rtcelver on giving a bond of 15,000, the partnership to lis declared dissolved by stipulation and a refaree to b appointed lo eiamlnt the Kccounts. The Rurnpean war cut off. It Is said, most of the firm's busi ness In steamship tickets. .CORPORATION ADDS I TO ITS LAKE ORE FLEET Orent Activity in Preparation for Bis Movement in the Sprinir. The littshurg Steamship Company, the marine subsidiary of the I'tilted Stale Steel Corporation, In aciiulrlng the llawgonil fleet of lx vessel from the Acme Steamship Company has now a Meet of eighty-one steamships, twenty one barges nnd four tugboat and scows, a total of IOC rssel. A year ago this company was operating only seventy two steamships 0V1 the great lakes, hut some 'year prexlou the fleet Included a map)' as 112 vcssvls. Included In the total of eighty-one steamships to day ate 'three vcbcl of l'.'.OOO ton burden now under construction which will be lend)' for servlie during the 1916 ore season, s s fircnt activity In lake shipping has been noted several times recently Two weeks ago there were reports that fully 100 steamship operating on the great lakes had changed hands In the last three months. To date, however, only fifty ships have been nctually sold by lake Interest, A most Important recent transaction Is the purchase of the Mitch ell fleet of thirteen boats by l'irkatuls. .Mather A Co. of Cleveland, lis already noted. The Mitchell fleet was operated under the name nf the Cleveland Steam ship Company, with a carrying capacity of l,?00,0uo ton, lickmul. .Mather .t. Co. are the owners of the Interlake Steamship Company, whUh now ha a rapacity of 7.000,000 tons carried b) llfty-lwo steamships and two barges Oun ote bo.it Is now building for this line with n capacity of 12,000 tons. The price paid for the Mitchell Meet Is re ported to hae bciii a little more than I3.00o.nou s There are ruinoi In the trade that the lidctiuke Steamship Company with Its lecent a ipiMtloit Is to become a pait of the proposed merger of the Yoiingstuwii Sheet and Tube Company, the Cumbria Steel Company and the Lackawanna Steel Company. No con Urination of this upon can lie seciird In fad, some of the highest authorities In the stcil Industry say that the pin pliant nnigtr will not be consummated , at Ita-t not nt the present time, s III the I.1-1 three months the fifty lake steamship that h.ie changed hands. In cluding all of the enriliis owned by In dependent shipping Interests, arc esti mated to hne a capacity of 7,ono.o00 tons FifluMi Independent Interes' have iP po-isl of their ore carrying boats Among the recent transfers arc five boats puiiii.iscd by Ogllvey, Nor ton A Co, nnd c.ijit. W. C Iticlrirdsiiii. These linat hae carrying capacity of 3.ii(ui tons of ore each tr'p. It Is said that lake shlpyatds have contracts for the building of eight ore ships to be delHeicd In time to be put In servbe during the ISIS, ore season, Including recn boats of 12.000 tons ca pacity and one nf v.Jiin tons capacity Contract has also been placed for one or two 010 boats for construction In 1917. s s The Tnllcd States Is now the largest produor of electrical steel, thirty-two furnaces having been coustructeil during IMC. Tin re arc now sevcnty-thlee elec trical fiirnin es in the Cnlted State and eight lu Citiaila, which Is an Increase of per icnt. compared with the produc tive lapaiity at the beginning of 191J. A )oar ago Uennany wis In advance of the Cnlted States In this line. It Is estimated that 303 electrical furnaces are now being operated throughout the world. A year ago the number wa 113. and lu 1910, when there were few fur naces In the Cnlteil States, the world's total was 140, largely In ticrmany. 1 The Delawaie Steel and Ordnance Coniiiny, which wa recently Incorpor ated witti n capital stock of in.noo.001, to aciiultc the property of the Diamond Slate Steel Company. Wilmington, Del., has reiently purchased the Temple fur uaie '.mated at Itendliig, I'a., from II. II Adams mul associates. This blast fur- naie was blown In late In November. 'The Wilmington plant, which Include I live open hearth furnaces, I being re j modelled and linpioved as rapidly as I possible for the execution of some de jslrable contracts for semi-finished steel and steel rounds said to have been taken In the last sixty da)s. s s The Wheeling Stee'. mid Iron Com pany at Yorkvllle, Ohio, has placed con tract for plant extension calling for I.MOti ton of fabricated structural steel with the Fun litt Hrldge Company, The Missouri, Kansa and Texas Rail- road, In addition to the outers for 1,600 tons of bridge work, divided among three different fabrlcatoij", as previously note.., ha placed a bildge contract calling for S00 tons of steel with the Ameilcan Hrldge Company. The Clover Leaf Hall road ha Inquiry In the market for 200 tons of brldce woik. The Lake Shore lispllrlng for approximately 3,000 ton of steel for bridge spans, while several other small bridge Iraiulries, previously noted, amount to about 1,000 tons. s Th Cleveland and Voungstown Rail road Is preparing specification for a fielght teimlnat which will require sev eral thousand tons of ntrtictur.il steel. The Chicago and tlreat Western Rail load has iicently withdrawn Its Inquiry for 50i) box cars because of the high prices for constiuctlon asked by the car simps, One thousand cars of the 2,0011 reported to have been ordered by the Missouri, Kansas unil Texas will be hullt by the American Car and Foundry Company. s fine of the nuffalo furnaces that had accumulated about 30,000 tons of specu latlce lion on It m trunk is now shipping this metal at the rate of about 10,000 tons jier month. s The Kloss-Shetlleld Steel and Iron Com pany Is building another blast furnace at Sheffield, Ala. Tills will give the company three active furnace U the northern part of the State. . The United State Steel Corporation has decided to Increase the wanes of common labor about 10 per cent. In crease In pay in other department will bo equitably pioportloncl. Adjtpd merit of miners' wages Is also under considera tion. Cnnsolldnted I'lchnnKc. Meiiviness eviendlnii to real weakness In sstue stniks marked the afternnnli deal Inirs on the C'rinsulldated Stork Exehania )esterdav A nud deol of Irrecularlty had litevallnl In the early tradlnit. The warn. Inn statement of Chalrmnn ilary of th United States Steel Corporation tecnrdlim Kriierin .-iiiiiiun-iii. iiviraeTeu atiintion at 1 the openlnir. hut It appeared n buva no drastic reflection marketnlse. Halites occurred from early, recessions, but on the rei overles stocks were supplied The copper shares fur a time shewed special nrmness, fnllnvvins; the announce, ment that the metal tiad ndvaneed to 24 U cents a pound. Anaenndit opened at 90, . of u point above Its clo.lliK price on Wednesday, and sold as hlich us !a, Afterward It sot dnwn In Mi, rlnslur at S'J . The heaviest dealings were In ntte Slates steel ciiiiimnn, of which more than SO, win shares chanced hands, steel's open Ine price of R7U, vvliU-li u-aa i uf a pnlui ab-ive Its clnslnir ouotiitlnn the nlBliI be fure, proved Its Ii 1st h est. and In the after nnnn It Rot down to UH, cosHK lit Kci Mexican Pettoleum was prominent anions; Ihe special spots of weakness in tha mar ket. It opened at 150U, ti; points abovs lis clnslnir price on Wednesday, touched a hltii of 1JIC4. but than declined to lliu cbwlns; at 1HH, with about 13,(00 sharaa dealt In. STATE OF Per Cent 1 4 EXEMPT FROM TAXATION, INCLUDING THE FEDERAL INCOME TAX AMOt'NTI.MI 111 $25,000,000.00 Issued in Coupon or Registered Form Will Be Sold THURSDAY, JANUARY 11 1916, al 1? o'clock, noon At the State Comptroller's Office, Albany, N. Y. This i (I c only public talr nf Xrw York State hmuh thai it contemplated during the present calendar near. These bonds line been segieguted Into tn i lasses, and bidders will be required lo sluts clearly In the proposal Hie ilnss nf bonds and the umntitit and price for emli 11)0 bid for, intipnn bo nils lieliiu Issued In denominations of l.onu.otl nnd registered bonds In denominations uf si.ism.isi, M.tssi.isi, id.ikki.uii nnd .to.ooo.ou. Class No. 1. $17,000,000,00 for the Improvement of the Erie, Cham plain and Oswego canals, dated January 1, 1916, due January 1, 1966; $5,000,000.00 for the Improvement of Highways, dated September 1, 1916, due September 1, 1966. -Is the iii enxnmrnUd nlmrr are nil RO-ycnr honth, bearing 4 per cent intercut, the Comptroller will ruinc tl.c riqhl to allot to the xucccifful bidder, bonds of tilbtr or both of the abme ittues in I'lats A'o. 1, noluillntnnding the tpicifie issue inn1 be utalul in the bid. Class No. 2. $3,000,000.00 for the construction of Barge Canal Terminals, dated January 1, 1916, due January 1, 1946. Temporary receipts will tic issued which will be cxehangetl for tho permanent bonds when ready for delivery. These bonds are Legal Investments for Trust Funds No liidi will be accepted for less than tho par value of the bonds nor unless accompanied by it deposit of money or by a certified check or bank draft upon a solvent bank or trust company of tho cities of Albany or Now York, payable to the order of the Comptroller of the State of New York, for at least two per cent of tho par value of the bonds bill for. . All proposals, together with the security deposit.1, must be sealed and endorsed "Loan for Improvement" and enclosed in a sealed envelop tlirected to the "Comptroller of the State of New York, Albany." All bids will include accrued interest. The Comptroller reserves the riyjlit to reject any or all bids which aro not in his opinion advantageous to the iu'ercsts of the State. Circular descriptive of thete bonds and of outstanding State bond?, sinking funds, etc., will be mailed upon application to EUGENE M. TRAVIS, State Comptroller, Albany, N. Y. Albany, January -1. 1916. IIVMt TATIIMKNTX. V i fi:n ItKPiilff OY' TIIK CONDITION ill The Merchants National Bank of the City of New York at Sew Hurk lu the State of New Viirk, M the i lose of business on Dis'cmlicr .it, 1015 ItllSOt'ltcKS. Loins and discount" J25 no'i.sci .1.1 Overdrntt". ws-unsl, I7D.M; tin- i-ure.. . Ilit.liS f si i,,.,,,), (e- IHisp.sl in sis'ure lireiditlon ur v.lnc ?2,tsK).cs0 is) Premium on I'. S. ti, mis nr.ssn.ii Total t" S. tsimls llnnits. seitirltb-. etc securltlii. other than f. S. bonds i tint Ineblilllltt stlM'ks) ovvnnl unplcdeed stis'ks. itther than KisbTil He si'rve Hank stock Sllb-s.'rllill.ill to sus-k of Kisleral lti-ere Hank J0 ism.m) Li sv amount tin- ,,i. 105.tsiO.isl Value of banklns tlincs Net amount due fri in Fisleral lievrvc llauk Net aniuunl due from lianUs and bankers Iltehaiuces f.ir clearitu house Other chivks on binks In the siitne cpy nr tow u a. reiHirtltu bank Outside tins ks and otber caU Items 5t.30 15 Tract iou.it cur- rencj . nickels. and cent 2. Ilfl.nl S,ai7,Kso.li .l.nvi.2i;.i..is f.7,07t lJ lll'.IKIO ISI ej.VJj7..U 2,3IH,475A2 S24.S12 01 2.VIS.04U.2I 12.31 1 W .1.72,' Trt ;ill,ISMI.IN) .M.-'.ishh) .i.so..-,2'i :u i:a).(sio.oo Nob's of other nations! banks. , Kcderal lb-serve notis Coin and certlrtcatcs lstal-teiider uole Kislemptlon fuiid lih C. S. Treasurer and due from I. Treasurer Cnstotners' liability under Let ters of Crisllt 100,000 oo f.3.725 (f) Totnl . . f ll.CTI.IS7 31 LIAlllLiriKS. Capital stork paid in 2 00.)mooo surplus fund 2,oisi,uon.is) riidlvidist profits. 2.V7..ill.!i.l Itcservisl fur laies. 3.ISH) IHI 1260,311.01 Li-ss current ex ts'iisiw. Inter- est. and taxes paid , fl3.357.3n I!lii.04.57 Circulating notes outstanding . t.Ons.stsi 00 Due to banks and liankers JI0.75.R14.A Dividend, unpaid Ml 0.12.00 Individual ibiHtsit subjist locbis k l2.Cils.0st Certitlcati-t of di- tsislt due In lit. IhaliMOdajs tipA.na.4 23 Certltbsl lllis'ks 41(1,001.77 C'ashler's clus ks oimianilim 1, 4'.H.oin. Ii.' .15,441 077 17 03.7J5 IS) Letters of credit . Total . . 141.1174. IS? 14 tate of Nev Vork. County of New ork, ss. I, JOHKPH IIVIINK Cashier of the alsne. nanus! bank, do solemnly swear thai the al.ive -tBtellienl Is l e lo Ihe ts-l of my kuoultslo and In-lli r JOSKI'II IIVIINK., Cssliler Subscrllsst and svvnrn lo Uiorc me this oih day of January, torn IlK.NllV D. IIOLl.OWAY. Notary Public. Correct Attest; JOHN I. STEVENS, J.si c col.ciATE. Director. ItoIlKItT M (i.M.LCW'AV THE PHILADELPHIA MARKET. PHILADELPHIA. Jan n Cambni Steel cIom-iI a. t low opening tnis I'hila lelpbia Itatild lYuusit ceistilcile. wire W lower and in.uraiKc Company of North America o!o-.st with an advance nf i-j point These shares were the most active In th. market li.-ie Ikmls were less active and steady The summary : Open- nub- Tiw-. c lo.- Sale. Im est est I nc liAmnpf .. l.'i tv"-' !".', VT-I Huff us. . . n 15 1 1 !', ; rin it a sus pi .. :.T' f.; ':. l'i Cambria Steel .. . TT.S. Tt'4 TP, 75 ( Con TT.-I.- N J.. .. 71 7t 71 71 S Vilec Stnraje 'I 1(1 lien Asphalt. .. . SI l 31 Jl Insurance Co N A .'O'i '."7 X 17 InJ (i llrlll 17 ! t? 17 MKelMone Tel.. .11'; W"i U II', Lake truji Corp. 'j !"i !" 411 leh Vat H kOs M Ml. 11.1 U-ll Nav :! 'J tSlj 7M, i-.) la-h Val Tran. in. !' ic, !', !C. Leh Val Trail pf .t'i X ' 771 lvima It It.. . ts'. l.i l'eniia Salt Mff . tw, pso, ', Ift.i, (1 I'-nna steel if .. U M K3 tec Pblla Co cum pf. 44 44 4Jl, 4.0, r.u ptnia Etee . ..:'. is'; :t v I'htli lisp Tran '.-n'j l'" an, jni, IIC5 Phil i Hap T t c . Si'. 71 pii, :oi, 110 Headinir H' mi m m, S I'iniin TTa.linn I4. 4s H' OS t: Cnltcl li Imp.. 7. iT'a sfij yi) Warwick I A S lot. im. pit, 101. :.' W Jer A Se'isliore ;.0 fi, T."ij M 46 We.tlliorclan I Ii. t7l O-j itTl, irli ICS Win Cramp S 1-3 83 1IONHS .VA) Am fia K ts .91 !i ) ! lOltily Is ".'3 r.... e" is". Wi Pi 4i City 4h '17 res M 9S 9C l pm Kiimt III "as r.s.liSii. torn, ie.ii. lo.;i, 4ni) llarn.iod Elec es I'M 111 111) lot Ms) KejsKipe T 1st f.s 'l 1st t Ki IJUii la-ll Val irll Is... HP i HP, 9 -, 911. Ml la-ll Val Trail lis 901, i.u, ..ll, i, J7ina Peniu en P... lis". lna' 10"', tnl', liV.O Phlla Co 1st :,...10l I'll Jdl jet .-.vfl Phlla Elec 4s . . H VI SI OA) IteiulliiL- ren Is. . Vi l W b", psii staml tins Ca... .'; 9,s' 9s', ISliiO t'lllted Hys 4s.. . 71 71 71 71 7U30 United IDs liiv f-s 13'i T'J'i 73 73 FINANCIAL NOTES. Tlie Itlbernla Hank and Trust Cnnipany nf New- Orleans announce tbe elccltnn of It. S IP-tilt lis vice plesldrnt, Eari-un, Mm A Co were awarded Ihe llll.niiil Now ICnehelle .V V.. 41, per cent seuaite illspnsul bond at I0i.,',k and In terest. There weie ebcen nlher bidden. The illli'iinrs nf C'luett, pssthndy Co , Inc.. have declared a ipiarterly dliidcnd on th common stock of i; per cent., fayahle on l'ebruary 1. Precious iiuar erly dividends wers I per cent. The stork la now on a 3 per rent, dividend basis. At a' meeting of the directors of the IBI NEW YORK Gold Bonds Tltt SiT COMPANV "STATEMENT. HUPollT HI- TMK CONDITION' of THE EQUITABLE TRUST COMPANY nr airtif vmbit i ur ntw lunik al the elosr i,f Iiij.iiii-', on tbe .list day of oeccintier, r.u llllsilfltCKs, Stork and liond Inviitments, v 1 Public sivuritlr ilsiok val ue. Siu.ic 27,0i . market fttll'i Private scinrllles dssik cal nc. 2.l.ts.i.i,:,.M inn. market value Peat iMatcrnvncI .Mortsancsosuisl 4 Loans and discount secured by liond md niuruic, deed or other real estate cotlnteral Loans and dbi-ount .retired by other c illaterid laiat.s. dlsi mini, and bills pnr rhasnl not sis'ur.sl tiy col-l-lleral ovetdrifis Due from ap proved rescrva d e i o 1 1 a rl . lev amount of otrsets . 2S,Jt.M3,74 Due from trust c o in n s n I e s. b anks an d bntikecs not In cludist In pre ceding Item n,l25.072.4l 114,127 05 23.2n.55l.0rt 3 1171,011 07 2,5t.C,4Sil.lt 27S.725.50 ;2.5?0..J7 If) S.ft3 50.1 OO I5.0SSSO .1t.777.072.IS 0,132.300 111 sjiecle I idled states laal tender notes and notes e.f Natlnual Hanks . I'edefal lteMrv c llutl-l Catl Items, v Iz. Kxehniues and clns ks for next day's clearlns. S',37.072.55 ' I. am on 1 10.5O0 on 537.972.55 4.(!lrt.2n0 SO c ustomers' liability on accept ances (see liabilities, per con trai Otlier as-,.1. lr 't'reasurer s ac count 3l3n.739.l I Accriie-l Inter est entered on tMmks at clos, of business on alsite date . 67.S.739.0.I I n r rt I it - I'hstljte . . . . (C.2D3, 375.09 9.0IS..SS.1 00 Total. I15fl.357,71fl.5ij I.IA11ILITIE1. Capital stork ... 3.0on.000 00 s-urpluson market vatues. "uriilus rund 0.(siO,cno.oi Cnillv hied prof Its 00S.4(I7.S2 j . , , 0,nS.497.S2 Surplus nn book . c allien ... I9.408.407.S3 Dep,u,. Preferred, as fnl lovvs. Due New Vork stale saWnus Hanks . . 12.038.470.05 Due New Vork Stat. Sav bus and Loan As-sis-iHlloii. and 'milt t'nloiis 0.210 00 , Other deKists due as elis'il tor, adniinis trator, guard ian, receiver, trusti-e. coin mlllis or de- ti.lt.ir 14.sss,015.9f) Deposit tiy the . ii ii crimen- I di in of Hanks , or Slate of , Nets irk 297.(17 1 Oilier deposits s..'uret by a piciiee i-r as. et . SS.0I7.2J DeHist. rtttier vt I s e p r e- ferrisl.lt any. 33,333 97 Not nn fernst, as follow. Dl-Nlsts Kiib- Ji.-t lo check. r.,499,37.0S Time delsislts. Cert lllcales, and other dc-lui-lls, the payment of which cannot bnallv be rc i ivtls s. i within thlrtj ila . 126.96.36.199. 4T lb maud cert ill-cati-s of dis- posil 7.93r),128.5S O t ll . r cerllll cates of de- im-lt l.eOS.lOO.OO I). lu. sit. txlth draw able only oil pri-senta-llon of pas. lunik ll. 114.70 Caslili-r' chis-ks out stauilliii;, Im ludhiic sui Itvr clns-Us of olherotllcers I.2O0.3S Certltbsl tlliskJI 3,BIS,.V17.ni t'llliald d t v I delids 72,120 00 Due trust coin- pinles, banks and hanker. 2.1,16.1,2.11. id Exlcndlotaldcposlts ., !30..Vt,flR.43 Acceptance of drafts payable at a future date or autnotlt.t y c.'J '"V," "''T "f ''rei,U ' ' 4.I8,2S0..V) Other liabilities, v it. -. .MorbfaKes on real estate owned 2.00A,000 01 Ite-a-rvis for Ulc s. ex penses, etc 1)1,708 111 Accrued Interest enteral on bisiks .it rlusa of business on alslIK date 454.051.05 Estimated un-i-ariu-d ill- counts. . 4S1S7,(I " 2,M1S,240.70 'I'olll I.MI.3C7 7111 V LXEC110NS AND MK.ETINCIS. The rinular annual meeting of the sto. k holders of The Hillsdale Company, liu fur the election of Directors to serve tbe ensuing v.-ar will be Kt i;, Liberty Street, llorouk'h of .Manbaitan, New York tii on Monday, January in, at twelve o'elmk noon on snld date Dated New Vnrk, December I9lh, 1913 ADOI, I'llHS C I.ONH, Si'eretarv IIKI.P 1VANTKD MALK. PltOMlNT.NT HanklnK House de.lres.er-vb-ea of all exiierleni ett an.l ih,trn,.ui,iu ( ettli lent Ceshbr. only those who held sluil t lar tiosiiloiia In the iliut.ielai til.trb I need lappl) , Mine nee, experience, refeirme. nnd Mliirj rviiiTirii, ii., i,t .-.mi nuil-i Ruarauty Trust Company of New fork yesterday CL M, P. Murphy, vlce-presl. dent of the company, xvas elected a director. n,NK (STATEMENTS). ItKPO'l T OP TIIK fONMITION OP THE IANK OF AMERICA At tlni do..- of business on tho all day or December, Hit.-,: itr.souncBa. Stock nd Isind Investments, j lr..! Public securities (book value. t23.1l 071. mvkct cabin. SeiT.57Z.07 Prlt ate securities rlsiok value. 4.a.17.C2n.so, market value .-'5'.M Ileal estate on ned . . . . .. 000.000.00 Loans and discount secured by liond and morUan. deed or otber real estate collateral... S.OOO.OO Loans and discounts secured by , . ot tier collateral . . t.987,l03.SS Ixi.ms, discounts and bllu pur chased not secured by col- lateral I0..13S.430 M Ocrrdrarts. ... .... ; iAS Dii'i from trust companies, banks .... and bankers i'iSJ'?S?'l, Snisie i e,22.l23.55 Lulled States leical tender and .,-. notes of national banks 2'Ci5'SJS J5 Federnj reserve noteji 00.000.00 Cash Ireins, vtr..! Kchanes and checks for nei day's) clear in.. m iia.2A2.r,2 Olhcrcasti'ltcma S33.7I0.SQ Customers' liability on accept- 18,043,093.03 a ii i i s i -re iisuimi.., e' 1 . rv contra) 600.000.00 Other assets, cli.! Accrued Interest entered on hooks at rlosoof business on above date 127.73S.S3 Total S6S.490.78I.3S l.t.MI I I.ITI F.H. Capital stock..... SI. 500.000.00 surplus on market alue: Surplus fund SO.OOO.OOO 00 c tuutiiicu proms lo.ss.os C,1S3,4.i4.S3 Surplus on hook xalue fO,133.9(lt.Sl Deposits. Due New ork state Sac ln banks. , . Sl.3188.8.131.52 Deposit subject in check . 3J.O12.225.07 Demand certifi cates of de limit 4.S7H.SS Cashier's checks nitlstandlllir. 310.054., t Ccrtltlcd rtirt ks 13.227.0S3.0J t'lllKlid divi dends 2IO.2SO.00 Due trust com panies, brinks .md bankers. 17.315,701.75 Tntal ilelMlls . . 67.333.008.70 Aiccliuni'cs nf drafts iiaabte at a future date or authorized by coinnicnial letters of cnsllt Other liabilities, vli. AciTiicd Interest not entered on tssiks at cloe of tmsl-ni-ss on atsnc dale . ... 00.000.00 fl.280.00 Total .0..,49O.7SI,28 ItCPOHT OK TIIK CONDITION OK THE HANOVER NATIONAL IANK OK TIIK CITV OK NEW VOHK, At New- Vork. In ihe Slate of Ness- Vork.atthc close 6f business December .ILst. 1015: HKSOUItCES. Loans and discounts . .JI00.35l.C9fl.23 Overdrafts 01.00 t s. Ixindi to secure clrcnla- 1oi .175.000 00 liond.. securities, etc 7.004.011 .12 HankliiK house .VJOO.oooisi Due from banks and bankers. :i,7.Ml.n2S 02 Ch.s-ks an I other cash Items '"is Ir.i7,ivi Exchanges mr cienrlnir House :iu,:na,.ui,i. Noti of other national banks 20 ism on Kr-li-ral Iteserve notes. ao.omoo Xltkel and pennies -J.HAh .1.", specie . 1S.7I0.2S7 711 la a-tJ tender notes I .S'J 1. 1 12.00 Dun from Kedtral llescrvo Hank of New Vork 10,021,4)5-17 Itisleinptlon fund with L. S. Treasurer 18.750.00 Due from l' S. Treasurer (otlier than .1" fundi. 210.000.00 Customer.' liability under let- ters of credit 137.013.33 Customers liability account of acceptances i.iaaj.ouu.uo 1IH9.272.564 SH I.IAIULITIES. Capital stock paid In .l.ooo.non no s,....i- e.....i 1 1 nnn rasi isi t'ndlvldisl protlls. less expenses I and taxes paid i.-'b,.ii-'.i National bank notes outstand- lll-t .10.1.000.00 Due lo banks and bankers $lo.i,V43.!4.27 Dividends ou tlaid 151,394.00 lndlilduxl de- fMsilS subjisi torhis-k til.617.nl5.S9 Demand certi ficates (if de posit 100.852 ti Certineit ch,. ks 15.12S.IIJO.IO Cashier's checks outstanding, 3.774,025.11 109.52fl.2.-,l.;.2 lteserve.1 for faxin I2.7i'i2 50 U-Hers of creillt . . 140.7.SS.45 Acceptances baseit on Imports and exports, 1.000.000 Oil IM).272.5Ci4 0s State of New York, County or New Vork. ... I. ELMER E. Wll ITTAKER. C-aslller of The Hanover National Hank of the Cliy of New S'ork, do solemnly swear that the aliovc state ment is true, to the Is-sr of my knowhsla-e and belief ELM Ell E. VH ITTAKER. Cashier, Subscribed and sworn to In-fore me. this nth day of January. lPlit. V. 1. THOMAS. Notary Public. New Vork County. Correct Attest WILLIAM WOODWARD, 1 JC. K. KAROO, I Directors. JNO J. HIKER. ' ELECTIONS AND MEETINOS). CONSOLIDATED GAS COMPANY OF NEW VORK. HO Bast 15th Street. January , 1914. Ths annual meetlnsT of the stockholders of this Company for tha election of Trus tees to serve during the ensulnc ear will ke held at this ofllce MONDAY, January 74, 1914. Polls will be open from 12 M, to 1 1'. M. Transfer books will close Saturday. January S, 1914, at 12 M., and reopen Tuesday, January 25, 1914, R. A. CARTER, Secretary. Central Trust Company of New Tork. NOTICi: OK ANNUAL MDKTtNll. NOTH'E IS HEItlMlV U IV UN that the annual meetlnsT of the stockholders nf the Central Trust Company of New Vork for the election of six trustees of said Com pmy of the flaes of 1919, and three In spectors of the next succeeding election, and for the trans ictluti of such other busi ness as may come before said ineetlne, will h held ll th" ottlce of the Company, 51 Wall .-treet. In the City of New Vork. uu Tburrdav. January Dth, 191. t 12 o'cloiii, noon. Polls wli be open from 12 o'clock noon to 1 o'clock P M M. KBROUSON. Secretary. Jnnuary 3rd. 19H. M. ItERARDINI STATE HANK. The annual meetlns; of the strnkholderw of M IIBRARDINt MTATi: HANK will he held at the ottlce of the Hank, at No. 34 Mulb'rry St. Rnrounh of Manhattan, Clt), Countv and Sniio nf Nciv Vork, nn the 21st day of Januiry. IHK. at the hour of 4 o'clock In the afternoon, for the purpo.e nf electing directors and the transartlns; nf such oilier business as may come before the tneeilni: MCUI.A Pf IrtHSCI. Secretary. New- Vork. January , 19li. The Annual Meetlna of the Stockholders of the Phelps IKkl,. Merivantlle Company for the election of Dlreitors for the ensulnc ear and for Hie transaction of such other business as may properly mine before Ihe mretlliB wilt tie held at the ottlce of ths Company. No '.19 John Street, ,.w York city, on Tuesday. January 11, 1916, at 11 o'ctink A. M OBOllOE NOTMAN, Secretary t he remilar annual mietlnir nf the stock, holder, of The North Virginia Corporation foi lb-' election of Director to serve the ensuliiR ar will be held nt ss Liberty Street. HorniiBb of Manhattan, New Vork i"lt. on Manilas January 10. 19lii, at i; d P. M . on al I date Dated New York. De, ember 29th, 1915, I V M.-ULONi:, Secretary. The annual ntectlnir of the stockholders of Ihe l.HIIIllH VALI.K.V COAL SAI.IM (i )l PAN will be held at No 15 Cxchana-e I'laie. .leri-ey city, N J . on Monday, Janu ary 31. 1 1. t " o'cloik A M., for th election of one dlrecior of lias. No 4, and for the trans. i. tbm of sip h other huslne. as ini prop. rty i.unr lirfore ths inreituK W .1 lll'RTON, secretary. New lurk. December 31, 191S. The Annual Meeting of Ihe Stockholders of Hie New Vork Carbide and Acetjlene Company for Hie eleutlou of Directors and two Inspectors of lileetbin win be held on Monday. January 10th. lUlH, at 2:00 p. M. at Ihe ottlie of the c'oiupan). No, I Irvitii; p'.ue. New x ork LBWIS H HAW TRY, Herretaiy New York, December 31, 19Ki. The Annual Meeilng of the Stm khnlders of Tho AMorla l.lcht, Heat and I'.mi-r Conntiy will be het.l at the ortlce of the Company, No. 4 Irving Plxce, New York City, on Monday, January 10th, 1910. at twelve o'clock noon, I.BWIS U, C1AWTHY, ttcretary. DIVIDENDS AND INTKIILST. Of'NF.RAL MOTORS COMPANV. January 3, t:it The Hoard of Directors of thn ilensra! Motors Company has declared a rexular dividend of five per cent (belnit V p,.r share) for the qtmrter eniilnc November ', II1S, and n regular die blend nf me p.. cent, (Vine 13 per share) for the iiuartir endlnl Teruary I, 1914, maklns: tntl af tsn per cent, (belnc 110 per sharei on tli. common stock nf the onniwny, to be p) February 15, ll, to the -onimon shsr.. holdar of record at the oloss. of bu.lnes". January St. 1914. JAMi:.-) T SHAW, Treasussr. OKVF.RAf. MOT)IIH t'OMI'ANT. Common Stock Trust Cert in rates. Attsntlon Is called to the fart that r.u alt shares of etnek of Oeneral .Motors Com pany Dflie ye. Oll liniirirnrn ,.ui .j, ln. votlns; trust which expired October 1, 19IS, Vnilne -T-rnst Certlncate Holders are nursrted to exchanKe their Votlns; Trust l.tte-...B fnr resulnr ktnr.k cerfine.i.a as soon possible. Ileferrlna- to the fir. ftoina; novice ui ..n.-i. .......... . .iii-n. checks fir the dividend upon the common shares wXen received will be mailed to ths noioern or. wmmuii i,i-. . . -n--i-. of record et tha close of business Janusrr CENTRAL TRUST COMPANY Of NEW YORK, Ant for Vollnr Trustssi. The International Nickel Co. Preferred Stock DIvldeMd ...I.. J- ' I I .( ... .J ... tL.tl n qciarieriy oiviucnu ui hoc sou uucii.u per cent, on the Preferred Stock hai been de clared this day, payable February lit, 1916, to preferred itockholderi ot record ai trie oote ot business January 15, 1916. Jamet L. Aahley, Secy. & Tress. N.B. The Sttxlc Tranter Books ofthe Com pany twill be closed from 3 P. M. January 8th to 10 A. M. January 19th. for the. purpose of the Special Meeting of the Stockholders, to be held on January 18th. GREENE CANANRA COITER CO., 42 Itroadway. Tha Board of Dlreitors of the Orssns Canansa Copper Company has derlar.1 a dividend of SI 00 per sharn upon Its Capita' Mtock of the ttnr value of HOD 00 pr share, payable on January 17, 1916. to the holder, of such shatxs of record at the c uss of buelness ut lZVO o'rlniit noon nn Si i,r a January . 191':. The dividend I pi .) only upon the 1 00.00 shares Into which li s Capital Stock Is now- dlvldel .Ml s'o, k holders who htive nnt converted I heir huiit Inss Into shares of 1100.00 par value shnu'd do so without delay In order thai they mas receive their dividend prompt!'. Tim transfer bonks wilt nnt t.e ctre.1 J YV AL!,i:N, Treasurer New York. December 29. 1915. UNITED FRUIT COMPANY DIVIDEND NO. 6 A rjtiartrly dividend of two t.r rent, or, the capital stock of this Company has tie.n declared, payable January 15, 1914, at ths ortlce of the Company, 1S1 Stute, Stre't. Iloston, Mass., to stockholders of reeord at the close of business D-cember 1MJ The Transfer llnoks vvl l be c'i -e I frvii December i'3, 1915, until Jnntnrv r pin JOHN V. DAMON. As"' Tr'.;,, CNITKD STATES lll'IIIIEK t o. 1790 Itroadw ly. N.-w- Vork. Jan ,, I -.-The Hoard of Directors of Cie l .n. i States Rubber Cottlpin) has till- do le ciared from Its nit profi. u ijuir-e dividend of Two per ent i:r, I ---i ' -Klrst Preferred stock and a uuarterly ill... dend of One arel nne-hilf .er e.-n tl1-... on the Second Preferred stoi k of the C.un. nanv to StockhoMer. of r.cor.l .A. U M .n Saturday, January ISth, lsn,, p.ij.h. wiinoui riosmK or inn lranster no 'ks. January 31st. 1914. W ll, I'AltSiiVS. Treasurer. KELLY-SPRINGFIELD 1PE COMPANY. A uuarterly dlvl leu l of three n . r cent on tbe Cniiiuion S -t k of th.s t'umpiny lis. been di.'lared. p-ivuiiie lvt.-uary 1. I r j . -e, stockholders of re, or. I at the i 'jrn of b jsl ness Jar.tmrv l'., i:i! New Vork, Jattti try I Itil't C A -k s,-. :.reury. Salinas Hanks. iNcoitpnit cn:n is:? THE brooklyn Savings Bank PIERREPONT and CLINTON STS.. New durante :0'1 I niton st. INTLREST AT THE RATE OF 4 Per Cent. Per Annum will be credited to depositors January 1, 1916 (payable on and after Jan uary 20th). on all sums entitle! thereto. Drpos.'.s made on or before January 10th will draw interest from January 1st. : : : : : CltOVCKI.I. II C1IIIK.V. Presldenl. I.AI Ill's i:. SI'n ON, Comptroller AltTIII'lt C. IICIO:, Cashier. CIlAh. C. PC IN CM. Asst. Comptroller, EMIGRANT Industrial Savings Bank 51 Chambers St., New York The Hoard of Trustees has declared a seiul-anniial dividend at the rate nf FOUR PER CENT. per annum on all nVpvMU entttliM thereto. f rs mi t a Ml rtrtrt tn Kaas. I vs s ts inline- I'll ii iriiff r Januartl 10th, 1916, will draw interest from January 1st, ISIC, THOMAS M MI LRV. Prcsi.bni I JOHN. I PILLION Comptri.l..r THE FRANKLIN SAVINGS BANK Corner Stli Avenue & 42d St. llOtli conseeuilve eeinl minimi di ei has been declared nt the rate of Three J One. half Per Cent tier annum on n . . entitled thereto from ti to t.LOO'1 pimr. . on and after January 17, 191H. Deposit made nn or before Ihe lnth of .lanuar) "111 draw interest fro, u the l.t Amount due depositors !?:, HAH, 411 on Surplus, market tallies , . . . si.o.tl.'.ifH -is WILLIAM li CONK!, IN Pre. ami J, lHlli.Cll l.KAVCRAKT. Tr ai-ire-H V NOIIDKLL. e ii NEW YORK SAVINGS BANK N. W. Cor, 14th St. and 8th Avenue Jan. I, It'll!, dividend at t'e r ' FOURPERCENT. per annum on all sums from J,. i t cntltl.il thereto atnb r lie ti. a IIK.Iil-lTs, MMIt: OS OR ICS I I It I JAN. 101 II HILL DRAM IMIIII-I FROM .lN. I s'. wim.iam n:t ssivh:h i- t JAMBS I.. WANDLIN.I Tf i. WALTBH It HltlNCKBHHOM e Dollar Savings Bank 3H0H Thlril Aciiue. Interest cred.ted limurv- In, at the m-. ef Three and Oiie-llnll IVrCeiil. per sununi, on account, Ir.'in $aio 1.1 c.vi ' Deposits msde on or 1 rfc-rt lnusr luta tllas tmetftt from Jsnuvry ll. OF.ORCK E. EDWAKI), rie.ic.st. WM. M. KKKN, Irti.urcr. tiKRMAN sAMMis , M la the lil if Sen nrk. c'oi 41h Ave and 14th S Nc Vork, December f- ' I.iterest at the rue nf I'llfll I 1,1 CBNTI'M per anniiiu hi',: Ii. ,i ti posit. irs for the sl months 1 1 t h- li. ber Jl. ICile. oil I I sums entl-'e.l i,er. i under the Hv-Uiw. m.' in, inc "ir , thousand ' 3.000 1 i,i are ati l ;.. Ii. a ablo on and after January ;ln Ptposlts made on or before ,1a- ft Ilb. 1DS. lll draw Interesl from Jan. ary lat, I9l. CARL COnpBL, Vlre-Preslilen' A. KOPIT.L. Treasurer.