Evening public ledger. [volume], December 05, 1914, Night Extra, Page 15, Image 15

About Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942

Image provided by: Penn State University Libraries; University Park, PA

                
pptppilBWiwitiiwijmipiiH'!', niui)iwwjiim.ii mniwipp5pipiimiiiwii
ttlHn'i I ) u T--1 wiw'J'i'
STRENGTH OF'ROGK
ISLAND BONDS IS
AGAIN THE FEATURE
EVENING LEDftER-PHIKADEIPHIA-, SATURDAY, DECEMBER B, Uli.
" , .." .' ' ' .1" '' ' ' ' ' .iiiii. 111 M j , , , , T
NEW YORK BOND SALES
Issues Attracted Increased
Attention in New York
Trading Today, Making
Further Advances.
NEW TOItK. Dec. S. Tratllnc In bonds
toil tlie floor of tho Stock Exchange today
(was active. T ho tiers stent buying or
tHocK Island bonds, which was the feature
i of tho trading yesterday, and wiiicii wero
; strong, attracted Increased attention,
f mid further advances wore made. rer-
ffcctlon of arrangements for the reorgan
ization of the properly and the talk of
1 ounositlrti to tho Wallace Committee,
: which Is calling for deposits of the 4s,
:as attributed as tho causo of the
: strength In tho bonds.
1 Tho collateral 4s of the Chicago, Hoc
Island and Pacific, the old company, and
Milled i-lnnr.1 Inst nlaht at JM. roso from
tho opening prlco of 23 to 23?J. Tho Hock
Island 3s, which opened at KH4, advanced
to S6'5, closing at 06. Another strong fea
turo In tho trading wan Southern Pacific
'rniueitlblfl Ss. which opened at 31'i and
sold up td 95U. closing at 65Mi. Changes
In other Issues wero unimportant.
', The fact that American Can and I-chlgh
Pnlley stock and tho various liocK isiana
Issues advanced In unison today was
taken bv Romo to Indicate that tho Iteld
Moore Intel esls aro again active In tho
market. Mock Island comtndii became
active, advancing neorlv a point to Vi.
KinrVn Imvn also shown improvement
from clay to day, with tho traction issues
nWinff n nmmlnent oart In tho dealings.
Many stocks aro now far abovo tho Stock
Exclinngo minimum prices
Banking Interest was devoted today to.
tho changes In tho foreign exchange mary
ket. Sterling exchange was demorallred,
demand selling at 4.8Tft4 S914 early In th.
week, and cables sold at 4 88, against a
high prlco of 4.60'i, In tho first few days
of the week,
t. it In iv matter of comment that the de-
F'mand has disappeared, and tho bellof pro-
fvatla that alt remittances for ueccmnor
havo already been arranged, while the
mnrket Is now flooded with commercial
bills against exports of cotton and various
commodities and foreign purchasing agent
credits Itelchsmarks, on the othor hand,
'wero strong, cables selling at 87M. against
S5H on Tuesday The buying slnco tnai
date Is attributed to steady sales of bonds
here for German account.
.WOO Amir Small Pe 9s
lluuo Amer Tel clt 4. .
27000 Amr Tei cvt 4Ui.
vy jirmour uo -t'ta . . w..
20q0 Atchison cv 4. ltKSO. . POM
.101.10 Atfhi.on 8. .... . PjJ
SWO Allan Co Line ctl 4a. . SOW
iouo ui a Ohio ai. .... mi
TWO Bait Oh 6v 4Ma ..i 84
2oo li ft o p ij n twv is sou
2uw neth Steel 1ft M...... V
(IIOHO Ileth Steel fd 3a...., . 8Sft
1CH) Brookn imp Tr .is 118,I'J
4W0 Cent da com Be 100
WTO Cent Leather 1st ! . !7
8000 dies A Ohio ovt 441..6J
aiimiq chic ntu Joint 4.. IMH
l rale li A gen 4.
High. IxTf. Clot.
1U.
&. $ M
l WlM
"IB
HtU Join
H Q Ren
Ml) A Bt P
I aid lll.ln
.11000 Chic Mil A Bt P U 4a. S3..
17000 Chi M A St V CVt 4W l31
..iwu i M M A m i" Ron i ni
1'KH) Chi n I A P col 4..., 25H
iKVrt Chi R I A P col 4a rid Vi
1000 Del A Hud rfd 4s ,., PI
lono Urn A Itio r 4s .... 73.,
(K0 Ml Secur Corp Si . . B3U
111(10 Flu least Co 4H. .... 88
"iCO deneral .Motor (la,...
1000 til Central rM 4. ..
2oon Industrial At Rs . .
lixioo interh Mtt 4V4
linno Interti n T rsf ft .
iono UcVn Rteel J, 1015
POOO do IBM
Miy trlllnrd r
UIPO till T
CGOO Minn A Bt I. 4 ....
1000 Mo Ksn A T 2d 4t..
looo jio Kn A T rra u.
rttxi r n 1 II u . .
2000 N Y C A Hud 41.....??.,
n v rn ifii innS tcot
1000 N Y City Vie My '87 03t
low N Y Oss II A P 4 ...8?M
1
lCp N Y (1M HAP .Vi.
lcow N Y Itny ref 4n .
looo N Y Ily dj B...
8000 Nor Pc prior 4s .
1000 Ore Shore li.rtt 4s
S5l Penna cv (H4 .. .
lot
IP'
Ali
so
.WV4
1KI
Cll
I I H
.1(1X1 fin 4 a ttim
2O011 Pay Con copper 0
11Q00 neadlnf gen 44 . ...
inoo Ho'k laland 4a . ..
SOOO do rrd 4a . . ..
3MH1I do 5a
MOO Praboard A 1 adj Ba
BOOO Bo Fac col 4s
mwi uo I'ac cv ....... c
BtOOO Ho J' cv ret f p 6a 1B34 PI
4000 Bo rc rfd 4a ...
won Bo Ilwy ten 4a...
140OO So P.Mpy con Ba ..
lnooo Texas Co cv (la...
FOOO Third Ae ref 4a..
1000 Third Ava ad I Ba
lOOn U 8 Itenlty Ba ...
inoo U B nubber a.. .
niCKiO U 8 Bleel Bi....i.
lsoeo Union rac lat 4a .
10i0 Va (la Drown Ilros
FCOO West Md It 4a .
110O0 Wrat K A M cv 3a,
1000 West Union Ba
TRADING IN WHEAT
OF LITTLE ACCOUNT
IN CHICAGO MARKET
Prices Easily Influenced by
Moderate Transactions
and Keep Within Narrow
Range.
tnv,
4i.
in
So'4
B8
7 1
.101U 101V1
loo ioo .
$V
OR
lfll
100
114 i "I, "i
B(l BOW
.143 B4i
OS PS
STOCK EXCHANGE DENIES
REPORT OF REOPENING
IJ7o Meeting of Board of Governors to
Be Held Monday.
NEW YORK. Dec. 6. Reports that the
INew York Stock Kxcnango woulij open
Inext week, wMcly circulated In wall
street today, brought tho following statc
Itnent from the Governing Committee of
he Exchange.
"Tho plans of the committee of five to
resume dealings In stocks on the floor of
I tho Exchange havo not been consum
mated. No meeting of tho board of
govornors has been colled nnd nono will
tbe called until the plan Is perfected."
One clrcumwtantlal report, sot at rest
f by the board's denial, was that the gover
'nors would meet Monday and that the
Exchange would reopen, under restric
tions as to minimum prices, resembling
those under which trades In bonds are
L now permitted, about tho latter part of
the week It uaa not denied by gover-
fnors of tho Exchange that an early re-
; opening was being considered, but It was
Insisted that arrangements havo not yet
i reached a diflnlte stage.
LOCAL STOCK AND BOND SALTJS
10 io 10:30 A.M.
4 irnlon Trac. 30J4 02 Tenna .... B!l
100 Ton Ilelmont. 4K 100 Ton lllm... 11-10
3ft KlM Storage . 40 2ft Key Tel pf.
B do 40 10 Lehigh Va),
10 Panna Bait... 01 10 do
(IB Union Trao... B0i T do
T Penna B2V, 0 do
40 do B!j 12 do
14 Phlla Co aop, PO 2B Key Tel pf .
MOO Interstate Itallnaya 4a
SOOO Lchlph Navigation 4Ha
10:30 to 11 A. M.
Il pf.'.. 60
Val.. . 9
BflH
B-lJi
CHICAOO, Deri. B.-Trado In wheat wag
unimportant today. Prices were In
fluenced easily by moderate transactions,
and kept within a narrow range. Export
business wa comparatively light, as
usually Is expected on a Saturday, and
speculators wero disposed to curtail com
mitments until the opening of another
week. Export houses report no let up In
tho Inquiry from abroad, hut In vlaw of
the continued light offerings from the In
terior are not accepting bids freely. .
CaBh sales Wero 14,000 bushels. Futures
closed to lie. higher.
Corn was dull, with nrlces not for from
yesterday's cloilng. Tho llttla. export
business done was all-rail to seaboard.
Tho new crop has sufllclent moisture and
Is doing well. Thora was a little hedging
of December by cash houses. Cash sales
were 130,000 bushels; futures closed un
changed to Mc lower.
Oats wero dull but firmer. Cash sales
wero lOS.oou bushels; futures unchanged
to c. higher.
Provisions ruled lower on a dull trade.
There was little disposition on the part
of packers and longs to sell. Investors
wero dropped to Increase commitments.
SHARP ADVANCES
IN UNITED GAS
AND COAL SHARES
Lehigh Valley and Lehigh
Navigation Score Sub
stantial Gains in Philadel
phia Market.
RAILKOAD EARNINGS
Low. Closo. close,
leading future ranted aa follows:
Yeiterday'a
vneai upon. iiiKn.
Dommber .. 1 HIT, 1.17
May L21' 1.21H
Corn (new delivery)
December . 04 (II
May U0H 0014
Oala
December .. 4R 4SV
May BSVi 62(
im
. 0 7B 0.75 0.70 '0.70 P 7B
.10.00 lo.oo ess ao.DS no.oo
LAW, .IUS9. tlHBC,
l.lBJi 1 17 1 1J4
1.214, i.2i)i u atW
all
4RU
B2U
my
03 Y
48
62Vi
B2VJ
mw
OJH
B2
tU Conn S S... OSV S Tenna
10 Penna . . . B2H 10 U Q Imp....
10 T.iMilgh Valley nvi 13 do
IS I'enna S2tf
BONDS.
SOOO Peoplei rasa llwy 4a
11 to 11:30 A. M.
B"
H2
82
BOM
3 renna ...
SO U O I...
100 Ton Dol ,
170 Ton MIn
. B2V
,: 8&
71.16
(I United a Im. M
7 Penni ...... B2 V
B Penna 7. B2
22 Tenna .12),
P I'enna BZi
IOO Ton MIn t
.1 do 7
10 tl o I Ria;
doing ahrd ah ahrdt thrdl chm cm cm cmtw
BONDS.
feated Walker Cochran BOO to 1SR In a Cham-
11.30 A. M. to 12 M.
B I'enna 32
10 U a I aiW
2 U CI 1 82
H Loh Nav tc. 74
B leh Nav 74
10 U a I 1
00 Loh Val. . . (tl'i
12. Cam St acp
in ! K t ic.
10 Ton
B Thlla
a Loh
?PH
ji
MIn ... 7V1
Trac... VM
Nav t c. 7315
January
May . . ,
nine
January
My ...
Pork
January
Muy . . ,
Jlld.
.... 0.77
. ...10.12
....18 20
. . . 18 02
fAakod.
0.77
10.12
1R.27
18. (U
0 70 0 70 40 80
10.05 110 05 M0.12
18 10 18 10 18 IS
18.47 1SBJ t!8 00
FINANCIAL BRIEFS
Charles
today.
M. Schwab sailed for Europe
BALTIMORE STOCK EXCHANGE
Business Resumed Today, With
Prices Firm.
BALTIMOItC, Dec. 5. The resumption
of business on the Stock Exchange here
today found a good attendance on tho
floor. Trading begnn at 10:30 and quo
tations were almost uniformly above the
limits established by the committee.
Tho absence of liquidation created a
very favorable Impression.
NEW YOItK CTJHB QUOTATIONS
NDW YOrtK, Dec 8. Cloalnj quotations on
the curb were as follows:
INDUSTRIALS.
Bales.
t. American Land T.
t, ao iairirei
k... Br Am Tob ordy
300 do bearer GJi
..,.. Ilouaton Oil
....... Max Motors
i...... do pref ,
...... do 2d pref
lQOOOlllker & Hejaman.... 7i
,.... Havoy Oil ,. ,.
700 I'nlted Clear Bt new.. 014
.,.(,.. Ln Cs Bt Co of Am,, ..
k. i. ! do pref
4500 United Proflt Bhar C. IBM
10 Willys Overland ...... 78
a.ii, do pref , ..
STANDARD OIL SUBSIDIARIES,
aX WS.A1' " .14 .14
j uneiwVf 4,ij,.,.v."::::ns
S Creacent P It..,.,..,. 42
I IB Indiana P h,....,.i,.10O
I BO Natl Tranilt'." ,.,I, S8
TO Ohio Oil ..,.!.,.,. ,.isa
i 1 Pierce Oil new. .. ',. 14
WJ PralrlerO& a...":"4IO
40 South Penn Oil. ...... M
40 standard Oil of Calif. .!
J80 Kantucky ,,...2HB
2 giandard Oil H J .. .404
100 Ftand-trd Oil N Y....210
10 Standard Oil Ohio.. .410
MINING STOCKS,
Illrh. Low. Close.
no
lus
to
f
!"'
u
OJ
10J
13H
7H
LONDON pp'pc; STEADY
Plans for Sotuumuu on Tuesday
Unaltered by Exchange Committee.
LONDON, Dee 5 Announcement was
mado today by the Stock Exchange Com
mittee that tho general arrangements for
tho settlement, commencing next Tues
day, when the settling room will be re
opened, will be unaltered from the last
plan Hates for leans, and ccntangocs
wero ngaln fixed at 6 to 9 per cent.
Trices for securities in the street were
again steady. The attendance of brokers
was Bmall Consols were nominal There
was much grumbling on the part of trad
eia who bought consols early last sum
mer because of their Inability to sell
them. The new war scrip was quiet
An advance In expected next week after
the payment of the flrst Instalment on
Monday.
Steadiness characterizes the American
group. There was buying of Union Pa
cific. Canadian Paclflo resisted the poor
earnings of tho road. Mexican rails had
a Hat tone.
It Is understood that the Government
Is Indicating a policy for the gradual
reduction of artificial credits from now on.
Tne Bank of England was a light dis
counter of pre-moratorium bills. Hates
for loans were easy.
FEDEHAIi BANK STATEMENT
io?.
1-Vk
78
805
117
4J
109
as
16H
"J
461
2l
820
JiU
M
4 10
000
111
4.'
1WI
as
181
UK
461
:m
stu
404
8(0 Ilradcn Cop.
Kifi Caribou Cob
8!i
'invtin vvyte a'
BOO Worenca 07
800 Ooldfteld Cona ..... 1
... Oreenwater C 6
-J29 lUll'ax Tono ........ 41
'JSS2 i.uft. SR 2 0-18
.Jf00 Klnley Oarragh .. a
18100 Oro IS
i?& 3JWV.' - -. J W8
weat aai Sens , 69 62
el14
o
at
BK
41
21;
iw
13
n
a
o
an
13
80
63
Gains Made in Cash, Loans, Deposits
and Circulation.
Small gains In cash, loans, deposits and
circulation were shown In the weekly
statement of the Federal Iteserve Dank
of Philadelphia for the third week of
operation, ending yesterday. New high
levels were reached for all of these Items.
This week's statement compares with
last week pa follows;
RESOURCES.
Dee 4. fjnv 9T
Rnld coin and ctfs. 117,491,100 00 fie,603,631.00
Lecnl tender notee.
liter cite,
etc..
and
!.032.8S3 04
808,808.14
Beiliacounta
loans -. . .
Duti from banka, eto.
LIABILITIES.
Capital paid In,,.. fZ.087.S47.74
lPOlta 18,317.034 40
redrrul ruervi
notea la circulation 71B,7(3 00
2.018.T22.SS
pioonooo
B9.01IJ.7a
II.0SS.I14 41
18.J24.I23 UT
491000 00
"ExBlATrShbT
IUAO. j... w.
Consolidated and New York Stock
Committees Cpnfer.
NEW TOHK, Deo, 5. The Committee
of Three of the Consolidated Exchange of
New York held a conference with tha
Clearing House Committee of the banks,
and at tha suggestion of the chairman of
that committee held a conference with the
Commutes Jf Five of )he New York Stock
Exchange, at which an agreement was
reached that both exchanges should ppen.
at the same time and. If possible, under
tha same rules of procedure co-operation
of tha financial and exchange in
terests being deemed essential at this
time,
The New York banks lost $3,357,000 to
the Subtreasury yesterday.
A bid of 52200 was made for a Chicago
Board of Trndo membership.
The Glrnrd National Dank has retired
$190,000 emergency currency at the local
Subtreasury,
Tho Bank of North America today ro-
tlred $100,000 cmorgency currency ut the
local New York Subtreasury.
The gross earnings of 38 railroads for
the third week In November show a de
creaso of $3, 432,965.
E. W. Beatty, general counsel for the
Canadian Pacific Railway, has been ap
pointed vice president and general counsel
Indicating the volume of business trans
acted on the New York Stock Exchange,
the transfer tax for November amounted
to S(5,&53.
In order to keep up with orders, the
Petroleum Iron Works and the Pennsyl
vania Tank Car plants, at Sharon Pa.,
have gone on double turn.
Sidney W. Keith, formerly with K. B.
Smith & Co., will hereafter be connected
with the uptown offices of the Pennsyl
vania Company for insurances on Lives
and Granting Annuities.
Commercial failures this week In the
United States, as reported by It. a.
Dun & Co,, are 433, against 394 last week,
474 the preceding week and 331 In the
corresponding weok of last year.
The Pennsylvania Company for Insur
ances on Lives and Granting Annuities
will remove Its uptown ortlco from the
Franklin Bank Building Into Its new quar
ters In the former Tradesmen's Trust
Company Building Monday,
Ira M. Cobe and V. A. Delano have re
signed from the Chicago Elevated Rail
ways collateral trust The trustees have
reduced Its governing board from seven
to nve members. Mr. Cobe has alsd re
signed from the executive committee,
His successor has not yet been seleoted.
Sales of new Issues of municipal bonds
In the United States In November, ex
cluding temporary loans, amounted to
517,661,123. compared with tlt.SI5.4Z9 in Oc
tober and 530.70S.eS5 In November, 1013, For
11 months this year the sales amount to
J434.HH533. compaied with 358,G11.4'Jd In the
corresponding period of 1913.
On December 1 there was a total of
53.630,518,232 in circulation In the United
States, according to the monthly money
circulation statement of tho United States
Treasury. This was 585,301,074 less than
on November 2) and J193.JSS.413 mors than
on December 1, 1913. For the first time
the item of Federal reserve notes appears
in the December 1 statement, and It
shows that 53 310.000 of tha new currency
was In circulation on that date.
A sharp rise In tiehlgh Valley was the
feature of tho trading on the Phlladel-
pnm siock .uxenange today. The pur
chase of 65 shares served to lift tho
prlco 1, to 63'. United Claa Improve
ment also scored a substantial advanco,
selling up a full point to 82 on odd lot
transarticna.
Tho volume of business was small both
In bonds and stocks, but the genera) tone
was distinctly firm, -with Investment de
mand In evidence. Pennsylvania. Key
stone Telephone preferred, Electric Stor
ngo Battery, Pennsylvania Salt, Union
Traction and Tonopah Belmont were all
well taken.
The report from Harrlaburg that the
Philadelphia Electric Company had
agreed to make concessions on ratee to
be chargod for the 1915 lighting failed to
affect the price of the stock. Lehigh
Navigation moved up to 74 and retained
most of Its gain to the close. In tho
bond division some rather wide changes
occurred Lehigh Valley Coal 6s declined
J!i to 103 and the Lehigh Valley General
VjB were down 2'4 to 95V5. On the other
hand. Lehigh Navigation 4&s moved up
a point to vs.
The nnnual report of tho Philadelphia
and Western croated a favorable Im
pression. For the fiscal period ended
Juno 30 gross receipts were 5371.S57, nn In
crease of 174,703 over the previous year.
Net earnings wero 5163.480. a gain of Jtl,
118. The net Income aftor Interest, etc,
was 314,376.
The announcement that on and after
Monday next trading would be permitted
In American Can, Amalgamated Cop
per, Interborough-Metropolttan common
receipts, Norfolk and Western, Union
Pacific, Southern Pacific, Central Leather,
United States Steel common and pre
ferred and Utah Copper on the local ex
change was greeted with enthusiasm by
local brokers. Of course minimum prices
will be established by tho committee In
all these Issues.
CENTRAL RAILROAD OF NEW JERSBT.
inn.
October grot 2,(M8,B70
Net ... ... .. .. .... i.htiws
Four month vm .... Mini rit ftsi 7TJ
Net 4,8111.145 377,780
RUFPALO, ROCHESTER A PITT3BUHOII
Fourth week November. $21S 271 i Wfl
oiontn .. 744.T0Z
rram juijt j. .. ., . ... 1,UV4,B1S
TnXAB PACIFIC,
rourth week November.. lt)4 S!0
From July 1. 7,S(tf,oso
COLORADO SOUTHERN.
Fourth week November . Uni.'fll
From July 1.... .,,...,. n.240.673
ST. L0UI8, IRON MOUNTAIN AND PACIFIC
October grots, l2t),Kon jn.lil
Net . M..124 7,a7l
MINNEAPOLIS, ST. PAUL AND SAULT ST.
v . . JVIA1UH
October groaa $2,177,070
Net . IW00I2
Four months groM 7 in n-n
Net , 2,632,123
CHICAOO DIVISION
October groaa $nl2,ixia,
Net 207,0-1
j' our monina groas , B.(J8,732
Net 1,131.0.12
NORFOLK AND WEfiTERN.
Octobeiv-
Operatlng revenue M.BIOW! R3nni
? 1,111,010 380.070
Increajo.
244.843
UiS,M7
121,fi22
411.01U
17,030
112,417
23.7I0
00,321
211. BIT
7S.B0J
(!"1,B"4
W.4IRI
144 .121
10,876
PHILADELPHIA 3MARK.ETS
GRAIN AND FLOUR
DecrcftSft. Iffi demand fair and valuta nrtnly maintained
195,401 J. n revet, t advance Quotation t ar Iota,
8.1 070 I Iiyrt H1pr No, 2 red, not and Decem-
1.28 No. NortTi
-JMV,
!s a- fi .a.... ml anaiiUl
Northern thiliith t1 oniXHt ?mu.
ia, c:.V ""eipiit, w.hb Dunnein Treat
SS5MXj.rlc Im-11 hld- orrerlnus light
H"?!tl0i Car. Iota for oca trade. a to
market firm imifitf itnU. Jit t. Jia". 71VL
dominrf Vi, ;:.".' ''BUu,JLcri',B "?-?. r
9Xt. V,hite- wK,Wc.j No. 3 white, SJJ
i ,ii'.t,i?'f lpf.iM?s bbl" "'' 2-3W.-tafnM
,i?( ?, '" lmlt. steadily main
lha in V.Ltra1r.ti"let- . Quotations per 1B0
it?ilihf i-SSfnL1""' clear. 4 711 liOi do.,
straight, tm&to) do. imlent. 5WiS.7Ai Kan!
airaiKiu. Jute Mela 15 205 40: do. oat
IS Urn0r4VW ? "liraTclSar:
MtV. !i!ii,5y0i rt0' 'aor.te branrte, n(lr,0i
rn in1 J' -c"'rf '"Jj'snt-y patent JiSinno
J?U.M", f'nular rade.-V nter, c ear, f 1.7.4
0jo, do., straight wsa.23, do, patent Kw
NEW YORK BANK STATEMENT
in
Surplus Decreased $0,031,800
Week; Loans Larger.
NEW YORK, Deo 5 Tho weekly state
ment of the average condition of tho
members ot tho Clearing House Associa
tion for tho week ending today shows a
decreaso In surplus reserve of $5,031,800.
compared with tho previous woek. This
decreaso was probably duo In largo
tneasuro to tho retirement of emergency
currency and the payment of special
revenue taxes. Loans, on the other hand,
udvanced $12,302,000 nnd net demand de
posits wore $6,165,000 larger, while net time
deposits wero $1,270,000 smaller. The ng
gregate reserve decreased $3,935,000 and
circulation declined 57,601,000.
This week's statement, which Is Issued
In the new form to comply with the re
serve requirements under the Federal
reserve act, compares with last week as
follows:
Loana, etc
Ilea. In own vita...
tleeerve In Federal
Reiervo Bank...
Ilea. In oth. depoa.
Net -tiemand depoa.
Net time depoalta.
Circulation
Argregate reierra.
Surplua reaere ..
Decrease.
!,1BO,012,000
311,11)3,000
OB, 008, 000
28, 584,000
1,037,528,1)00
0,I,SJ.1,000
70.7JO.000
444,010,000
127,302,1)10
12,302,000
8,177,000
020,000
3, 1(1.', 000
0.103,000
1.270,000
7,501,000
3,033,000
3,031,600
DOMESTIC TllADE IRREGULAR
Export War Orders n Feature Mild
Weather a Factor.
irregularity Is tho dlstlnRulshlnir fea
ture In trndo nnd Industry, according to
Bradstreefs, nnd a plainly marked lino
of dlvcrgcnco Is visible betweon exports
and purely domestic trade movements.
In export trade war orders and grain
exports furnish souiccs of marked actlv.
Ity, though cotton exports, despite furthor
expansion nnd tho largest week's total
since tho war began, are still far below
a year ago. Demand for American prod
ucts to be used by tho troops In tho
neld Is In turn reflected In activity In
favored Industries, nnd many lines are
reported busily employed thereon, though
a jarring nolo Is found In reports that
foreign takings havo been exaggerated
at some markets. Then, too, tho scarcity
of nnd high prices for ocean freight car
riage nctfl as a bar to fullest export ac
tivity. In purely domestic trade tho sit
uation Is not much changed from the
previous rather slow pace. Unseasonably
mild weather has limited retail trade,
reduced re-order trade from Jobbers, usual
at this season, and made collections. If
anything, a shade slower than a week
ago. Holiday trade, however, shows ex
pansion. At the South tho additionally
retarding feature Is the unsatisfactory
price for cotton, which is lower, lth
the holding endency, If anything, more
marked than ever, thus preventing the
liquidation of old accounts and the en
largement of new business Building
operations tend to quiet down, although
open weather favors completion of mnny
structures. Lumber Is dull the country
over, but especially so In the South and
In the Pacific Northwest, and scarcity
of freight room limits foreign shipments
of these and other heavy freights, such
as conl. In tho textile tades dulnesn
Is a feature In raw wool, and mills em
ployed on domestic goods find scant work,
with scarcity of material reported as a
result of foreign embargoes. A growing
cause of complaint In the printed cotton
goods trade arises from reported scarcity
of dyostuffs, foreshadowing a possible
shortage of dyed goods.
FIRST CONFERENCE ON RATE
CASE TO BE HELD MONDAY
I.f?d&Iu! dem'"l iQint. quoiat lone: Nearby
and Weatern In eod, at 3 SOflll.
PJIOVISIONS
i-hTt8.. m?fket 1ull end without Important
aSrt Jf. ,.v'.VJu..r','! c" beef, in aeta, smoked
Imoi.Jr ttu-l Weatern Lrof, III aeta.
fj?&i' 'O'Oc . city beef, JcnucVlea and
ir2 ,"'. "mokt".' ."nd lr dried. SWSlc.s Weet-cr-n
beef knuckles ami tendcra, amoked, :!)
ni "v :; ill"JB' -w.a, pork, lamny, ,
;(??"', 8 "... "" 1. 14014Wc; do.,
W",,A?" "H814C. do., do, emoked, 14(i
&ni ,?or nnia, amoked, city cured ns to
vIiU-n' H"5e IWfUtc i home, amoked,
J if2Jc;t plcr' shoulders. 8, l. cured.
iiSf'ti1"?.1?'" d0- imokod, 12,?nc . dpi
isu'ffifL plClle, according to oeraire, loote.
Ji7r?-1 ,.h"'ft bacon, aa to brand nnd
wfi clly I"'?1 ""?-'Oo i breakfaet Ueon,
nntt'T! eufOLl'MJlOc . lard, Weatern, re-
n r.Ml.J1,.i".11. .,ar''' P"f city, ket
tle rendered, In tuba, tU.eiUic.
REF1NKD fillHARq
H$U'Zr' lSf,M ffl"1' Stadlly held neflnera'
lX,.tt'Sr., S'""?' srinulated, nise..
5 roc. , nne
USoC
vuiiirninnBri' a f. .
ranul,tod. 8 l6c : .oh lSlSi s
FRESH KlUFTT;
r,.!MSS,.1Silt Vi. ""hout . Important
.: r -"mmiiM j iiu ph. imp Tin .. mna
entec.M.Cendlo,B- M8"$ 7&
( .l-.J?, Imperial. 1 WMjif do . otbw
i .ni.'"",!;' f". do, medium.
. 'n55plM Wm. per box, JtOl r.O;
WJ."!"' M ,'nnylnla. per ham-
Iiraft5M'v28'!4' rrapefrult, Florida, per
i S3?ilSi. Pineapples, par crnle, Porto
s. fancy ate varletlea. rer bbl. UB
LEHIGH VALLEY DP
ON STOCK TRADING
IN NEW YORK TODAY
Advanced 2 Points Penn
sylvania and Reading Off
Fractionally Little
Change in Other Issues.
NEW YdrtK, Dec 6.-For the most
part, prices of stocks dealt in through
tho Clearing House Committee today wero
unchanged frpm tho closing; last night.
Exceptions, however, wero Lehigh Valley,
which advanced 2 points, Union Pacific,
I?candlngVanTIVan'a " "" AM
The following tnblo gives the closing
ri.T&r" nnd "L
Ye..
Cloae. Illd A, cioae.
i7i lu. 'it,
0
:fi
UTU
IO-I
,Tollfo ii'ref'.'.XItoi
UemSt'eel"."
do inot ... '." 2JJ
Bruoklyn Rap Tr'T!!! S
?lyn .Unfin oai'.: iso1
Central Leather .,,., Siu
....1011
P.. 8-.U
.... o
.... OT
1!S
A jaka Clold
Allla Chal V DC
American fan ",,
do prff .... ".
Am I'olton oil ...,
Atti ltr kmii.i,l..
AS ft.'!" ..'. Pref."
do rrer ."'"'
Am Tel St Tel
NEW YORK BUTTER AND EQOB
NEW YORK, Dec. 8. Butter, market
.VameaaJ.?,'',Sf'kF.ac,j;;v"m!ri.?f:
aa y ra a uisuai KViiua. uvl;. . !
vmv ;
tri.
dairy, a
P - Htatf
inuiauon creamsry, 21O24V.0.
04 cai
drt.
Mil. IrrefuUr! rcipt, MM cast; frih.
m(. kui-tuc, : iraan.
u'JaL. "?
nearby. bltaa. i5jelo.i nearby, mUed; ISO
43c j apcclal mark, 25c, r
BAR SILVER
Tf nrlta of bar allver In London today -waa
prica In
-u.4-40 pans., up lib from yeatardar. The
BUYING OCTOBER COTTON
Strong Demand Lifted Prices at the
Opening:.
NEW YORK, Dec. B. The features of
tho cotton market this wornlng were the
Btrong demand for October, apparently
from Investors, and the heavy buying.
Opening prices were two points down to
four points up, but after the call the
market advanced following tho lead set
by October. Offerings were light and It
was plain that the bears were timid
about making commitments on short side.
Liverpool cotton closed steady and un
changed.
December TOO T.0.137.0rt
January 7.1087 SI
Mann T3B 7.3J-CCT.J0
Hay 7 SI 1 SiUT it
July T.IK1 T.74g7.73
October 7.04 7.00....
BANK CLEARINGS FALL
Philadelphia Shows 1S.8 Per Cent.
Decline for the Week.
A sharp fall In bank clearings was re
ported from the leading centres this week.
Philadelphia showed a loss of 13.8 per
cent, with New York leading the decline
at 22.9 per cent.
The table of comparisons follows:
1914. iou p. c
New York ..11.825,310,187 ll.719.J0S.769 -S3.0
lioaton
I hlladelphla.
iMitimora
121.6.17.162
US, 616,010
31 303,401)
Chtcaao .. 70.701.014
New Orlaani. zi
14O.N7O.017 -1J.3
104.704,878 IDS
.14.OOJ.7S7 1.X
17.036.20.1 .l
0,&a,7I3 23,ZU,423 12.U
Sevan cttlta,
S daa 11,008,014,206 12,433,172,637-18.8
Other cltKa,
8 daya..... 337,714,803 633,049,843 -US
Total ot all
clllea for A
day. 12,354.828.604 13,083.222.260 -1T.3
All 'cltka, 1
day 4B0.X07.26l B7i.32S.70T -18 4
Total of all ""
citlaa for a
weak .....U.034.T33.865 3,6a2.850,v8T 1T.1
MONEY RATES
I1
?
Philadelphia. ., , 6 f3
New York.... 8U04
lloilon ,, .,.., .. .,,...,. 3 fld
a
, uu -&-.U irDID fCIiaraar. Ttim I thllari..lnhla -nmm-.Ml-l n...An lk .7. .
w York waa 49. centa. ud tt cant. .li miStt.' mmturliu. Tu. tiii! X. !St lw
Commerce Board Meets to Consider
EaBtern Roads' Application.
WASHINGTON, Dec. B.-The first con
ference of tho full membership of tho In
terstate Commerce Commission on the 5
per cent, rate Increase sought by eastern
railroads will be held next Monday to con
sider a tentative draft of an opinion al
ready formulated by one member of tho
commission. This member Is said to be
Commissioner Daniels, although this
could not be verified today.
As the usual procedure will be followed
In this case, an opinion by ono member,
who has been selected to wrlto the major
ity opinion. Is, at the first conference,
only tentative. Discussion of the view
presented, which. It is asserted. Is favor
able to the railroads' contention, will oc
cupy the attention of other members of
the commission for some time to come.
As a member expresses It today, It will
bo some tlma before a decision is reached.
"We want to have a complete opinion If
possible," he said.
All suggestlona ns to possible dates as
to when the commission will hand down
Its decision arc, df course, problematical,
but It seems to bo the general consensus
of opinion that It will be before New
Year's.
Ida, per at
nox.
Kirn
berries.
1 hi ..JrV,c",J wBa coa' er'y black, per
bbl , I304S do . do , do , per cratt, 7Bc fil.60:
v;i,JoE.e5rvRr c"'f..T3citfl 28. pears" New
.-.- t.vw .-', iu nuciuun. sio: no., ueurra
aau, 12.SOU3.B0: do . Deurre d'Anlou.
V3, " ""Chess, I2p1i do, Howell, J2
do , other nrletlca. 323.
VEGETABLES
.P.!nlnion.llr..rdt,,' but valuea general);
steady. Quotation.. White potatoea, per bu.h.
-Prnnayljanla. 0Jrt2c , New York, 43S2c;
TliIto potatoea, Jeraey per baaket, tISOIOc
5w'.t.2t.t1?'' Eitern Shore per bbl So
l'..tSP,Vni. No 2- l Bv?1 '!i- seets, Jeraey,
per bbl.-No 1, .l3.3fl No 2. 21T2 2S,
ejects, Jeraey, per baeket, 10073c.. onlona.
ch- ce. per buah., C0(S70c . do. ordlnan. tier
in.A..5Bc".11' choice, per lOO-lb bug,
..?' medium, per lOO-lh. bag. 8V
vll do., aeconda, par 100-lh bat. 6on73a
cabbaga, domeatlc, per ton. $8an: do., Danleh
per ton. IUni.1. cauliflower. New York, prr
fr'! T3c njl.23; aplnach. Norfolk rer bbl
73'Oo , kale, Norfolk, per bbl,. 40(?00c.i let
luce Florida, pr baaket. 7r.c.im, do North
Cniollna. per baaket. 80073c, beana. Florida,
per baiker, $2-l 80. eggplant, Florida, per
S?1. tS8!2-50' cucumber. Florida per barket.
l 71f2 M, pquaah, Florida per baaket. 1 MJJ
2: eelery New York, per bunch 2.1043c.:
.i.mwwiiif, tier -fl-iu. tnapKei. UC.U1.'IV.
DAIRY PRODUCTS
nUTTKH Tha market quiet and un
enanired, with moderate but ample ortcrlnsf.
quotatlona Weatern, fruh. aolld.packed
creamery, fancy apeelnla, .I.V . extra, ."-1c, ,
J"ra . flrata 31032c., flrata. .10-B)Vic. I aoconda,
2S2Sc., ladlo-racked, 21623c, aa to quality:
Sfiffiy Prints, tancy. fine , do . average, oxtra,
.tb30c., do, flrata, SliQOSc , do. aeconda, 23&
..i...Spec,tt' fncy brands of prints Jobbinr at
41u43c.
EGOS. Demand fair for atrlctly tine new
laid atock and aluta flrmly maintained Quotatlona-
Ih frea caaea, nearby extra., 404M20.
per doz ; nearby flrata, 310.80 per standard
caae. nearby current recelpta, $9uo(tlo.O per
.landard caae, We.tem extra, flr.ta, 10 SO per
cn.e, do, Irata, 39 0o10.20 per cae: do, sec
onds, ST.20JT7 SO Southern. 0 eoitlO 20 rer
Ca.e. llerrlaerator im. aa to nualltv 21
27c. per doa Fancy aolected cundlad
do hr.r
Chic. Mil a'bV
Corn I'nxl Kef...
. do pref .. .. .
Distillers Securities.
Qcneral Motora ..
Jo pref
Ooodrlch (O Kj Co
do pref
Ot Nor.ctf. orr rro
aupccnhelni Expor.
"'".""."'in'nss
7.1
Mi
!:!
24
42
..113
20?
SIS
117
101
10814
110
103
14
88
41
80
situ
1.1.
'7i
IK)
HO
CO
12U
Jn
01"
il4
SI
no
so
3(1
23
It
U7H llM
wl lUllJ
JO
i)
114
102
05
77
8
.31
&
80
a
'
S jag ij),
113
24
42
11J
OT
23
TT
Illlnola Central i(ii lwti jA4i. ,tAu,
Inter-Mat vtrctte..... is" iYC ,14 l,X
Inter llarv v r tx iA J? I?.,
Inter Paper ..::::" "714 "V a-
HH
01
aa nrr
Kans city South prof, to
ijcieao Una uu
Johlgli Valley l.lSJS
iackayCoa .1 .71
NaUonal illacuit .... .120
National tad 4x
:;" Au .uonirai.,,. si
... 1 . v vveai
Norf & Weatorn ...
North American . ...
North I'aclflo . . ...
1'ncinc Tel & Tol. ..
do nref
renna n n
lS'A
. 00
. 64
. DM
. 2(1
i.u
tarn were lobbed out at 43tN7c. per doa,
21
fresh
ullf.l'.SK Orferlnca were only moderate
and prices were well maintained, with trade
fair Quotations. New York, full-cream,
earlier receipts, choice, 18c. 1 do., do,, current
make, choice, 13Kc.; do., do, fair to good,
HKClSc; do., part fklma, 84fl3c.
?T?.ple rP"- Chicaio'llilU
Headlntr 138'2
muuctmker 34.' 341;
Tenn Copper .:... in( sM
Tixaa Co .;.;..12.l(I 1S"
Twin city it t.;:";::: n
I nlon Far & Paner nf. lai
!"??. 5'no .-'.. :..iiai.
a a .. viKi,r M'g -
V S Kubbcr . . . . , 4(i
..oo lat pref no'
"inn topper 4(,i
Avpatprn llnln.. n, -ur
We.tlnghoiia Fleo'!!! "
Am Hide A Leather pf. 17
Indiana fitoel Co,.. .. .
Chee & Ohio 42
do nrcf
nuluth South Shore... "
Homeatake Jtln .... .
Can I'a-lflo 153
Union Pacific pref.. ..
oourn i'aclflo 835S f.ii4
nnMil.M n.. ?
nock Island ....!!!!!!
Jla lat pref
Inter-raper
do prof
7
33U &
no
121 125 "
121 125 ''
toil 83 SIU
18M 10 lgtf
a w if2 m
BT 07!4 DS
ITS Stt !?
103 10SW 10l4
n , H7t iia
8354 . H(f
im iiuik isH
33 34
27 20tt
133 X24'J
jjOH 30X
1SW .
U4 111 111
W 42 424
k lis ria!
I 41 4tt 43
M KliJ 58
J4H 4H
lj, 10
01 . . . .
it? :; :
iwj jna jsti
17"4
4lltf 49
23 S3
JS 82H
XOCAL STOCK AND BOND SALES
GOVKHNMENT B0ND3
Uld.
2a 1930 res ?a
Tan new Ba OStl
3a 10 IS reg .tiUH
Si IU13 cou 100
i los cou Jps.U
44 1925 rag lOSU
Asked.
U7
100
100W
MININQS STOCK QUOTATIONS
TONOPAH STOCKS.
Bid Aaked,
Bid. Aaked
Jim Butler . .p .15 Jon ueimoni jv j-.
MacNainara . .03 .07 Ton Exten... 2t S'S
iunar ' 'IT ""
Mlmah Ext,
lUontana ...
.Nor Biar
Belmont M 4,
Kxten... 2t S'
Merger . .40 4.
Mining-.. 7 TW
cue Eula. ,C8 .11
it End... .01 .6.
Blue Bull .
Booth
UuIMoj ....
c o n ...
Comb Frao.
Eamr u u.
X)aUy 03
Florence ... 03
Fairy Altec
Nov Hill...
.10 .1,
.32 Jit Ton
.3D .40 Rescue
.. .17 .13 West End.
OOLDFIELD STOCKS.
04 .0(1 DoMfleld Bel. .02
.iz uoia con. .. ih
.04 Uold Merger. .41
.11 Jumbo Ext.. 2V.
it Kewanaa ... .2u
.04 Oro II
.07 Band Ken 11
.73 Stiver Pick.. .XT
MISCELLANEOUS.
, 04 OS Nav W'der. ..l.tO 1.63
.87 .40
.10
.(CI
00
,u
,us
LIVE STOCK QUOTATIONS
CHICAOO, Dec 6. HOGS. Receipt.. H,C60,
market 3c, hither. Mixed and butchers', J3 40
(JT.40I food heavy. 378T 40; rough heavy,
SS.43l3a.0O. light. J0.303T.M; PUs. t3.40.B0,
bulk. fS.SSST23.
CATTLE. BKelpU. 600, market ateady,
HevJ, 13.75010 M; cona and heifer.. 3 S0
8.25; atock.r. and breeders, 1 5030.73; Texana,
7.I5U3.10; Mlvta. 84JO,CO
SHEEP. nacelpt., 1S00. market .ttady Na.
live and Western, (3 604.10; UmtM, tLMtf
POULTRY
TJX"K. The market for desirable atock
ateady under moderate offerings, but demand
alow Quotations Fowls, llBlllc. old roosters
10? , spring chickens uccordlnz to quality, 11
12c, turkeys, HSWc , duck., 1213e,
gerse, 1-JttHc , eulneaa, ynunr, weighing 2
lbs and over apiece, i er ralr (ile.; weighing
I'WtW lla aplace, per pair, ROftBSc: eulneaa,
old per pair, 40a : pigeons, per pair li'OlSc.
nllKSHKI). Orferlnsa moderate, but am
ple, and tha market quiet at recently revised
prltea Quotations. Turkcjs, fancy, large,
nearby, 2XW22c : do., do., Western. 20a ,
do, everaga receipts. XTiSlOo : do. Infer or,
12913c . rto.. No I. old, 18c: fowls, per lb,
selected heavy, ISO., do., weighing- 4VaU
S lbs apiece, 17c , do , welghln) 4 lha
apleco, Ida: do., weighing 3V4 lUs. apiece
lie. do., 3 lba and under 123fl1o old
rooatera. dry-rlcked. 12V,c broiling chickens,
nearby, weighlne XIMI2 lba. apiece .Cffl?2c,
do, do,, fair to good, lOfjilRc ; roatlnr thick
ena, selected heavy, milk fed, lMfl'Jc chick
ens, weatrm. fancy fat 4 lbs and oer apiece,
Ir boxes, dry packed. ITJJlSc . thicken., West
tern, 4 It. and over. In bbl.,, dry packed 13
tflnc,, do., do, 8!W lb., apiece. 11Ua:
brolltnc enickens Western, IMit'i lb., apiece,
20c.: do. dn fair to good, llfJlfc,; spring
duckj. X48X3C, i prlni- geese X'.'sllc. ; aquaba,
per (Sox, white, elgll"- II to X2 lbs per
dog, 11 WWN.Mi: white, washing 0 to 10 lba.
per dot.. t-l.lo1 71. white. utUhlng H Ihl.
per dox.. 32 no2.73 whltw. weighing 7 lba
pef do... t2 23, white, weighing- 6a6M lba
per doz . 31 2361.03, dark and Ao, 2, COc.tf
J l-10
40
OT
no
r ,,.-.. Net
41 r.m n.i Ti,",.Hhw.."n COK'
:.. vTtrii' h,ZV K .?. "
nn r. -;--;"".. 7" r
vA rs" iir" v'o. 07
JO Key Tol pref.. 59
14 L Nav f . T
w ian ai
increaod.
1IIU J'l
i8f2
tir
BO
03K S 1
52,
no
il
DU TOU
4 11.1 d 4X
r ti
raj,
ns
oo
ii
JOH
OH H
tr,.-l?
; T
K
BT
TO
74
aixi itriu
r)bron !
,. 'p:""s. i ,;i M"
r; t." .. j" ai.it iw vo
H h."-Co "crip. 00 5o
'. J,!1.'.-1 !r cms. 11 11
" i.""a. trac.,., 70U 7D
300 Ton. Bel ... 4 4.
4ni Ton. MIn. 71-18 T 7
inj iinion Trac. nu nnu antt
W U a I 82 S3 81i
nnsmo
S"J" . . . ' HUh. lw
JIOO Am a & E M Ri 82
" iMiowin ixiea 1st ss .ire
100 Intar St Ity. 4. .ViU
.200 I. Nav cona 4U PS
sooo L Val gen con 4a cp.. OTV,
nii no gen cons 44..... pa:
1000 Leh Val Conl 5a.. X02'
lOort do res- 3. ,...imi
20n0 People's Pasa nv 4a . sou
SOOO Phlla Elec gold 6a t alOO
000 Penna conv 3Ha 1013. DO
BANK GLEARINCJS
Bank clearing, today compared with corr-sp-jnJIr.s
day laat two years
tni4. ion. 1012
Phlla 1:4.933,807 327,815 772 fzT.oill.enS
Boston 22.02I.4J4 27.2TT,433 3HI0,7'J
New York. 233,130.408 317.S.1S 405 30,74X183
FOIIEION EXCHANGE MARKET
NEW YORK. Dec. 3. A rise In mark, to
87 fi wa. the feature of the foreign exchange,
maiket. Demands, atarllng ruled 4 Si'i
cables, 4.83i franc B.12WJ 13.
Laat
2
102 10-J
.KIVs MS,
OS 08
U, TUU ttnlL
l& 10-jt' 102V4
14 lnm iniu
80i SOU
100 100
pa oa
THE
Pennsylvania Company
for Insurances on Lives and Granting Annuities
517 Chestnut Street
Announccs the removal of its Broad
Street Office to the Southeast Corner
of Chestnut and Juniper Streets,
where it is prepared to
Receive Accounts of Individuals and Corporations
and to
Rent Safe Deposit Boxes in Burglar-Proof Vaults
a B. W. PACKARD, Pretldent
II
I
A MUSIVERSICLE "TRY IT ON YOUR PIANO."
V
AL
VfHY l& AM
QCBAH :LAHtM
iXHH PUXS.
"s.
AN - WBR IS BB - CAUSE XT'3 IN THE JMID - DLB OF THE 4EA
HH
-.;.
Jl- K 's v?? ,,?W3ts .s X S SSrSSr-JSMrS -, rtb WBB VBB H vT ZiKk2r-tT mudulr wf
X LI " NER 1LIKE rHELET""TE ' E? TJiE Jp
' "" " ' " ' ' ' ' i 1 11 1 1 I tvSgatVr''c--l TI IAL1 W II ' ana."