jBU tn&fT.Yn n '
DULL OH ABSENCE
Roclc Island Bonds Dropped
Sharply on Belief That
Stock Would Be Assessed
on ' Reorganization.
NEW TOMC. Dec. .-There was tin
Kbsence of demand for stocks In the
trading today, this having constituted the
unlet feature In the price movements yes
terday. The opening was quiet and Ir
regulat, and In general the closing Quo
tations of yesterday -were maintained.
Sentiment, on the whole, was bullish, and
Wany commission houses advised their
customers to buy on reactions. Kor tho
xaoll part daUngs were In specialties.
The market was not active at any time.
Today's business was tho smallest of
any day since tho exchange reopened,
total sales of stock being 60.000 shares
!nd bonds Jl.703.000. Reading was the
only stock In which the transactions
amounted to 10,000 shares.
Prices at the end of the day were below
last night's finals, but not to any great
eixtent. Reading was off 74 at 143. Penn
sylvania i at 104K. Lehigh Valley IU at
ISBt, United States Steel H at 49. Bethle
hem Steel U nt 44TJ and Amalgamated
Copper TS at !,.
fne President's note to Great Britain
recanting Interference with our com
Jtierco was regarded as a bearish Influence
by tho trading element on the floor, who
offered the standard stocks down about
one point on an idea that tho reaction
itfould cam u new speculative liquidation
There was no outside speculation In evi
dence, howovcr, on this downturn, and
when this became apparent the traders
changed their position and hurriedly
fcought back the stocks sold by them at
the beginning 'of business and an upturn
Marked weakness In Rock Island bonds
caused considerable interest. The Rock
Island Ea declined to 62. off 5 from tho
ening. The collateral 4s of th Chi
cago. Rock Island and raclfle were down
s4 from the opening at 22VJ.
The street was of the opinion that If
the foreclosure sale of the road Is con
firmed there will be a stiff assessment on
tAm holders of the stock. This fright
ened timid holders of the bonds, causing
them to drop their holdings on the mar
ket. For some time past the manlpuia-
"vii ui mi rows securities have been
E0.. 5 fj1 ,n Ul wet. anl It was the
belief that when the property is reorgan
ised It will be In strong hands.
On the downward swing sterling ex
change touched a new low level. Jt was
rUWected to pressure from offerings of
bankers bills. Demand declined to 4.84K.
S ? i5w?t Xor J-"1-- '" shipment on
Saturdays steamer. For the next steamer
was quoted and 4.83 for cables,
rnero was a general absence of bids.
This low level for sterling must soon
force the question of gold imports Into
consideration, and there Is now a general
disposition to look for a return flow of
the metal from Ottawa.
There was a general opinion In the
f,..et hat "'""ns exchango .rates are
likely to work still further In our favor.
Washington advices suggest that the final
lorvign trade figures for this month will
show excess of exports over Imports of
In. the meanwhile money ratea are
o comfortable that there Is no
reat incentive to import gold. Call"
manoy loaned at z per cent today, and
the supply was large. Many banks and
trust companies are offering consider
able amounts on time at 4 per cent.
The Canadian Pacific, in its November
earnings statement, showed a heavy de
crease In gross and net both for the
month and the five months of tho fiscal
?EeTha .P088 for th8 """" w
4i3,63 smaller and the net J2.244.174 be
low last year. The five months' gross
.?,UlLecJS?" of tu-m and the
&Srt SjH.8tCk W" "" tTom
-United States Steel succeeded In keep
ing above the minimum price of 43. The
night, but on succeeding sales It regained
to "" Iater trad,n& u dropped
Following the announcement of the
November earnings of the Union Pacific,
jwulch showed quite heavy losses in
. !, T?," and,.net' the B,ock declined.
In the latertradlng some of the loss was
regained. The price was 116H, oft H-
WEST JERSEY TO ISSUE
NEW STOCK AND BONDS
Special Meeting of Stockholders Will
v Jtieja for Authorisation.
IttsT of the stockholaers of the Weet Jer
!r nd Seashore Railroad, a subsidiary
of the Pennsylvania Railroad, the latter
eompany owning about per cent, of the
i-wwt, nlM m ,,, Ior ,RB nnrn-., .
Min.MaHni. ,h. ...... . .. ....... ...
--.,.. a Huinonzai nn nr i
rase of the authorised u.n r ..-..J.
I-22S?, f -"". !' ?. the'
,....., . -t.ii.im ia reiunatng raort-
1? tt,' &,?. m?.Un1
Only 13,000.000 of the 13.000.000 new stock
Will be Issued Sit once and it will b
offered to the stockholder rJ " .!
The proceeds will be used to retire
-'2 HtndJntT certlflcate of Indebtedness
1 ftr Uff4.0O0 and to nay off Ao.Ti-r'Sf!!
: jmtin to abom 600.op0 Incurred for
J Z. "" ""' -ennsyivanU Rail-
? 1S tm fummooi new
tek will be issued In, the near future
Of the pew general and refunding mart.
Ijwe. K.500.MO wUI be reserved to provide
rer th present first consolldatsd mort
twse bonds at maturity The balance of
,...v..-. UUinKg may Do sold In
jtha-utur the board of jL.V?!L.
tjisne. to Um may consider It necessarv
fw provide funds for the completion of
...-..wrW,4,t Mgd casual pur
QTINO STOCK QUOTATIONS
fti . ....:: si
MSB? iBi.-r Wtub ----,. . t
Bg Swuwi'g'H ..v.'..'.".'.'.' ..;;.; M
EXCHANGE DECLINES TO
NEW YORK STOCK SALES
Yes. CI. High
AIka Geld Mines S7H 27H
Amalramited Copper . . 62lf 62!
American ITee t Sojir. , 33H 33K
Am HrakeShos 01
AmetitanCan . 20 2SH
American Car A Found. .. 44
Am.lt 21H Jilt"
American LocotnotlTe.. 23)f 22H
Airenran fiotsr pref. . ,
AmfticsnTrt. &Tel....I17V 118 118 118
AmetlcnTobopref. 103)1 WIU 1WK
Am Woolen nref 77
77 77 77
Anaconda Copper. 25)
Atthlron... ............ 03
A (chiton prrf.
Baldwin Loco pref
millmore A Ohio. C9
Ililtlmore AOhlo pref..
nethlfbem 8II 45
nroollrn Rapid Transit MM
Canadian Pacific... -..ISA
Cen(ral Leather. ....... X!H
CWco Copper. XSH
Chlcaro. Mil. A St. Paul R7.','
rUrato Gt rat Western. 10M
Chlcaro, Great W. pref.. . .
Frlelitpref 1 MM
Con Can rref KS
rrnrolf)a....... ... 113H 114
Cuban Am Sugar prtf.. .. 00
DflA IIudon 1.10 138K 139
Of ntral Motor. SOW 80 80
GtnMotorpref 00 E0! 00
Cccrirlrh Co: 24. lf 2414 24t 24W
Great Norttitrn prtf.... im 113U 112M 113K
Irlrihcro-MetropoIItao. 12 !2!f 12 12
Interboro Met pref 60H HO'i ROM HOH
Inspiration J OH 10! 16U 10!
Lehljli Valley 130Jf 130M l20f l?0)f
Mrxlran retrolluro.... 52 54 53 5.1
Mlisourl.Kanjas&Texaj 8J RH !H RM
17 lG'f 17
Missouri Pacific. . . .
Mo Kan Tex pref. .
National Biscuit pref.
N. Y..N. H. AH.....
New York Central....
'0,'f 0)( OH
28H 20 26
120M 120H 120H
1IH lift lHf
S3!f 83M S3!
99H OSK 09)
00 00 00
Northern Pacific 093 i
I'aost nrewmc prer
icmr 104 101k 104H
150H 150H 160! 15014
Ralhny8ttel8prlnf.... 23 22H 22 W 22i
Ray Consolidated. 161 15! 16) 15H
Reading 143K 143H 14254 143H
Rock Island H 'I H M
Rock Island pref. 1)4 IX IK Hi
RumelrCo 6 AH AH 4!
Bears, Roebuck prtf 121 121 121
St,L.S.Fran 2 2 2
Southern Padfic 82Jf 82M S2H S2H
foutbem Railway 14 14 14 14
Etudebakrr .tt. 3.1U 3V- 33Jf 3.1H
Tcrnrtsee Copper. 31K 31f 31!f 31Jf
ThlrdArenuo 35H 38 30 3G
Twin City RT DOM OOlf B0!f
Union Bag A Paper .... 4U' 5K 6K HH
Union Padfic. UGH 110M 116H HOW
UnPadflcprtf TDK 80 7VH 79H
United RallwayalnT... 7H 7H 7H 7H
USRubber 63W 53K 52W 533i
U.S. Rubber 1st pref... lOOJf 102 101 102
United States Steel 4 0W 4934 48W 40
US Steel pref. 104W 1043 104H 104X
Uteh Copper 4SH 40 48W 49
Western Union 58J 58K 67W 57J4
WcsUngbouserflec 67H 8H 8W 68W
Western Marjland 14) 14W 145i
Wool orth pref 114JJ 114ii 114W
Total tales, 60,000 ihares.
NEW YORK BOND SALES
1000 Amir lllJa k T.
SCOO Arr.er Tel clt -ts 81W
4W0 do cvt -4i , 03(
SuOO Armour Co 4Us Ut
8.VKI AtchLion 4 B2
rvoo do cv 4s W -to
2njo Atlan Co Lln 4s SJ
60O0 do clt 4 S5U
SOUO nalt & Ohio 3is (sSfl
.luuo Halt i Ohio cv 4H... 84J
llooci JJeth Steel rfd S 83v
2000 Urooklyn IUp Tr Ba. .101
1UO0O do 5 1UJ8 08
1UM Brook Vn Elv 1st 5s. . Wl
1000 Iirook Un 0 lt 83.102!,
100O Huh Term Bldr Si... 8T
MOO Canada South 5m 101
IUOO Crnt Leather lat 5.. 97
1WU Cnt 1'ac lit 4 S84
J00O Cent It 11 N J is 112H
iiuni cnes & onto M lozu
.VmU CM & Nwn sen 4a.
tJ Chi It 4 Q etn 4a.
1SCOO Chi Ii Si a 4a tn
1000 Cht Mil & St P cp 5J..10U4
2MXX1 Chi Jill A 8t PcvJVj. vtk
70( Cht Mil & 8t P gtn IHa in,
7000 Cht Mil i P S rfd -Mia. W
4000 Cht n I P col 4b. . 23
370UO Cht It I & P cot 4a 24li
WOO Col .t South 4a 8.1U
10OO Col & South 4U SO
10.1000 Con Gas cr A w I...110VJ
COliO Del & Hud 4a 1010... CO
4000 Del & Hud rfd M.... Mil
MOO ran & IUo Gr 4s M
10CO Erto Ken 4a B8
17ioo Erie ecnv 4a str A... (C'H
1000 Er1 conv,4s ser B.... OIU
fiimn nenernl Motor Oa loivij
10OO Gen Elao 5s 102H
SOOO Oulf & BhlD S t0
tnoo Hock Val 4Ua 04
Iiion Iowa Central 4 .... 38
7000 Inap Copper cr 8a DoK
3000 into Copper cv 0a 1019 OtW
SOOO Ir.tarb Met 4Ua 74
11000 Interb R T reTEa.... en!
140OH Inter Mer Mar 4Vi. . toil
1000 lntarnl Itxr 0a .... Kli?
1000 Int U at .Nor lat a. .. 00K
no0 Int Alcohol O0U
BOOT) Jtff ft Clearflil 2d .. SO
1000 K C Ft 8 it M 4i,.... MU
1000 Uh Val of N Y 4Hs. 98
10. HJ Us A M T Sa ...100
1000 LorllUrd S I. .100
SOOO Nat Tuba 5 07H
2000 N Y Canal 4a 1001....10O
BOOH N T Chto Jfc St I. 4. , 02U
1000 X Y City 3Vis 10U.,.. 8S
II") do 4a l0.1T OSU
SOOO N T Cttr 4a 1068 03
0000 N Y atv Mt 1WB...10I
1000 NYC 4Ua May 1917.103i
20O0 NYC 44a Nov 101T.100K
:ta n y ; iu it.M.im:
)M". I W OY lU3f.ll"
11MI N T (Ml II ft V 4S. ,
loro ny nwy 4s ,
SOOO NY nwy a
2ix Norf & Weal 4a....
loon do cvt 4
llf0 Nor Pao prior 4s.,...
7000 do As
sooo Nor Pao nt :,.,,.
11000 Or. Short I. 4a.,..;..
KOOO pnna ev 3H.......
SOOO do 4a 104S rtc .....
2fi) Raj Con Coi?tr oa'.Ihoa
000 Hock IiUnd -4a ...... Sl2
wno do rid 4a fls
70000 do Sa ., 62U
luOO Rr Stel Spr Ka 1013 90
2i0 Seaboard A L, ad &a. . A4U
6000 South Pac r 4a BOH
oiif no cv n-i ( p us.... VT
12000 South Pas rfd
yum xouin itwy si
2000 South ltwy 6a.
0000 Third At 4a..
SOU) Third 'Are adj
lioon u H. uteei oe
KGO It a Bteil r.ir Si...
flfloo Union Pan cv 4a. .
17O0O do rfd 4a
8000 Va Car Chem lat Sa. .
1VO Va Rwy Sa
5000 fVabaah 4i
SO60 do 2d Sa
20011 W Chea A Boil 4lil. .
2O00 AVt Blietris Sa 10
1000 -Waft N Y Pa. Sa. . . rtli
2000 West Md Ss BUi
Bono TVist E M cv 6a 00
1000 Wast MJ 4- SHi
Tout sails. it.078.00a
fJKICOaO BANKS PEOTEST TAX
CHICAGO. Dc. 2-8vral Ur banks
hue. Including- tha Contmiatal sad Cwn
mrUl stoup. have Clad protiaU"ssi4ait tho
paylss of part of tha Fadiral II tax per ItOtW
on capital, surplus and undivided treat.
Bank c'fpff today coupar (& com
poBdtntt daj ftat .two ": .
?T-!ii m?&5.!M tgm.Ko
JU MfflHHf .... 2BrS ' 1
. w- a-"-'T "rsv.s.a t.eivaT
$r Wk . M.nT a,iiiM Tttxiil
.g BA.XBS POB MONEY
M 'rhii-.nip-'- b91' iUS'
"p Jlwerve Basks' Biseouat Kates
J Ea. .'':. ""' r 5
-i esswsteaS s it
EJMING IiEDGER-PHIEADELPHIA; TUESDAY: DE0I3MBEB
? t W JT 1
otoclc market in
Hope for Better Business
After January 1.
The Philadelphia stock market contin
ued to wear a holiday aspect today and
brokers do not look for much revival of
activity durlns; the rest of the week.
Price changes were confined to narrow
fractions for the most part, and much
of the trading was In odd lots only, Penn
sylvania. Lehlsli Valley and Cambria
8lccl ruled Orm, whereas United Gas
Improvement reacted. Opening recessions
wete pretty much canceled by tho end
of tho first hour, and thereafter stae
nation reigned. Only 34 shares of United
States Steel appeared on the tape be
tween 10 and 3 o'clock. During the sec
ond hour not a single hundred aliare lot
changed hands, the total belnc Just 37
shares of stock and two bonds. Philadel
phia Electric made little response to the
awnrdlnc of the Talrmount Park lighting
contract for 1915. The amount Involved
Is H5.70O. In tho afternoon bulne orders
appo.ired In Northern Central, which
lifted It ncross S3, whereas Philadelphia
Traction eased off. In tho bond division
Interstate 4s developed activity at G7. I-e-l
high Navigation IHs and New Jersey
Traction Es were In fair demand.
The flattening out of the bond market
of late has been a distinct disappointment
to local dealers, who, during November
and the early part of December, did a
brisk business. It Is hoped, however,
that with the turn of the year, when the
January dividend and Interest disburse
ments become available, that the Invest
ment demand will pick up. It Is hoped,
too, that the cotton situation will loosen
up soon, and the large amounts of
funds tied up In carrying that commodity
will be turned Into the Investment
Money continues to work easier In this
section. The manager of a big brokerage
house remarked this morning that scarce
ly a day passes that he Is not called up
and offered considerable sums of time
money as low as 414 per cent. He added
that he looked to see the call rate re
duced to that figure very shortly after
the turn of the year. For the first time
today tho local Federal Ileserve Bank
redlscounted Its first commercial paper of
longer maturity than 90 days. It was on
agricultural products and tho rate was
6 per cent. The amount was small and
was offered by a country member.
LOCAIi STOCK AND BOND SALES
Tea. Cloie. Utah. Iow.
10 Am Gas 100 lou ion
T Bald loco pref.lOTIK 103U 103
12 Cam EtttI 42 4.1 U 42i
10 Eleo Storasa .. 47'i 47V 47Vt
,o ins j Jim... !-.
113 Kcratone Tele.. 131i
20 do pref B1U
RO Ih Vatley 03W
44 North Cent..... Kiu
37S Pinna R R 62U
2 Penna Salt Mfe. P
in Ph Co cm pfd.. 40
107 Phlla Electric. . 23J
110 Phlla tR T tr cts 12
or. Phlla Trac 8o
5 Readlnr 71
5 South Pc
833 Tonopah Del ... 4Vi
13 Tonopah Mln... 7".,
1'IR United Oaa Imp MS
34 IJ S Steel ....; 4ftif
loo Wfrtraort Coal. 684
Total aalea, 2171 ahares.
62 3.19 Mi;
. i. i;i
bbio. Jinn, ijoxr. doct.
2oo .Un a & El 3a. 834 83U.
1000 Reth Steel Bi. .114 llsti
"OoO Con Tr N J 3I..101S 101
4.V) Cam Steel acrtp. 074 fi7U
jw intent llwy 4i. 37
1000 L. V Tr lat Sa.. ..
2000 lh Val sen 4i 8914
13000 i.h. Nav con 4!4a 07W
1000 Market St. El 4a 03
lnmi phlla Eleo 4a.. 78
1100 Phlla Elec SS..101
(VI Phlla. Co icrlp.. 01
lOOO Phtla Co lat fia 07
1000 Roan Am In Ri.101
1000 York B 1 Si 91
Total sales. 131,433.
HALF HOURLY SALES
10 to 10.30 A. 21.
lOO Phils Eleo... 23K
b nainwin pia.Ku
7 Cam Steel..., nji
2i Key Tel pra. 61 10 Ph Co cm of. SO'i
... p.11,., Uj
iiT zl senna ..... 32 5-10
& Penna S2H
1000 Con Trac N J Sa
S73 Cam Steel scrip.....
300 Am Oaa & Eleo Sa...,
6000 l.eh Nav cone 4Ua
16 Phtla Co scrip..?
10.30 to 11 A. M.
12 Ina Co N A. 214. 10 U O I..
SO Tonopah Bel. 4W 100 do....
2 teh Valley... ui ISO Tonopah
1 Ins Co N A, 2IK SO do....
1000 York Rtoti 1st Sa..
TS Cam stiel scrip....
11 to 11.30 A. If.
SO Tonopah Bet, 454 B Pinna 323-16
3 Pinna ,,,,.,. S2H 3 South Pacific. 821
Bel, 4K s Pmn
etel 6a , fisw
1000 Phlla Co lat Be.
11.30 A. sr. to 12 ar.
IB Keystone Taj, USi 10 Elia Storssi, -47i4
?P? latareute nwr 4a B7
1000 Phlla Elae Sa.
13 to 12.30 P. K.
T Phlla Blae.
TO V O 1
10 North Cent,
Vtu Ionot,aJ Bel. 4
82H 3 Peana ,. 82U
SS IS North Cant.!! S3
10i Market St EIr 4a
IGOa Spanish Am Iron Sa
4000 Interatata Rwj-i 4s
SOOO Interattta Bwya 4a
12,30 to 1 P. it
4 Pinna, .
10 North Cnt..
SOOO ten Nav eons 4Hs oru
SOOO Inwrstata Rwya 4a.. '. ..."..H. .. st "
10OO Am Gu A B4ee B.,., si,
1 to 1.30 P. M.
W U B Steel.... 4 a Phiu. Trae,.. TOU
SOPeoaa BMl do ;.. t8
di TP vi... boi am 00..
ana ....... 8J S y 4j'i:"".:: 8S3
do M 14 IVesUa fel. I H-
jrasna, oj?. w
S to 3.30 P, K,
S North Cut'.,. 8U
2,30 to 3 p; MT,
w rs, -a-.v
t ev. 13.
I 1411 .
10 Am flu
An QA ItTOUa ft
uas at ms
Two N J
j, .mi iKamiisui
XBW YOSK BWETEK AK aaB
tsttW TpiiK, Dec J8.-se3TJW.-Mrt
" .. f" 1
1 Pinna B2i!
4 Baldwin Dfd.ln.ilJ
4 U 8 steel 4 10 U S Steel.... 40'-
SO lh .Valley.. . 034 200 Tonopah Bel. 4U
3 neadlnr 714 23 do... 48
8 Cam Still.... 42Ji A teh Valley... fail
23 Penna S2 1 Penna ....... 62J
20 do Ki 10 Tonopah Bel! 4
1 rtA . 3ZTi
.ft.. A. ..1
U-, wu... ...... iii
A NEW LOW RECORD-GOLD MPORTMAYFIiWv
jtti -4. ftJMiSrteja(VSlV?i. . 3bbb
MSJttar '' ' TIBbE BBBBBBBBllt'V
Mrafei'- - -?- lPi
J. P. MORGAN
Member of the Federal Advisory
Council of the Federal reserve
banks, representing the New York
bank. He is also a member of the
Executive Committee of the coun
cil, and the head of J. P. Morgan
LONDON TRADING NARROW
War Scrip Bought nt Discount.
Bank Shares Supported.
LONDON", Dec. 23. There was a (rood
attendance of brokers In the Street today.
The weather was fine and sentiment was
cheerful. Trading on the securities was
narrow. The settlement continued to
progress smoothly. Bulls complained
about the Imposition of contango charges
by brokers beyond the fixed official rates
on the remaining end of July commit
ments. It is probable that tho Stock Ex
change committee will take action on this
matter. There was buying of the new
war scrip nt 3-16 per cent discount.
Americans and Canadian Pacific were
stronger on advices from your side. Bank
shares received Inside support In antici
pation of semiannual declarations, nio
Tlntos wero sold by Tarls. Do Beers were
heavy on the passing of the half-yearly
dividends on tho deferred and preference
shares. There was fresh Investment buy
ing of shipping securities.
Lobltos Oil shares moved upward on re
ports of the purchase of the company by
the Standard Oil Company. Shell Trans
port nnd Trading Company Ibsucs were
not affected. An Interim dividend of 15
per cent has been declared by tho Hoyal
The Bank of Kngland was a light dis
counter of pre-moratorlum bills.
The proposed lease of the Mlzpah Ex
tension Company's property to the Tono
pah Mining Company, Including a two
year option, has been ratified. During
that time net profits will be equally di
vided, and If the option Is exercised a
new 15,000,000 company will bo formed to
take over the Mlzpah, ot which Tonopah
will own JJ.000,000.
Through sinking fund cnpr.-itlnn. mnvm
Welsbaeh Ss have been struck off tho
list of the Philadelphia Kxchange, leav
ing the amount Hated $3,519,900.
The Special Committee of Five Gov
ernors of tho Federal reserve banks will
hold a meeting on January 11, probably
In New York, to discuss a plan of free
collection of checks. The report of the
committee will be presented to the gen
eral body of governors at Its meeting In
Washington on January 22.
New Tork Banks lost 52.iW.COO to the
Subtreasury yesterday and since lest
Trlday have lost 16,606,000.
The Baldwin Locomotive Works has
received orders for the following locomo
tives: One 10-wheeled type for Tuscarora
Valley Ilallroad, one Mikado type for
Cambria end Indiana Ilallroad.
The Pennsylvania Railroad l .
charging S per cent for all funds ad
vanced to Its subsidiaries Instead of t
per cent, as heretofore.
Ownership of a large majority of the
stock of the Westlnghouse Machine Com
pany will be vested In the Westlnghouse
Electric and Manufacturing Company be
fore the close of the current fiscal year
The executors of George Westlnghouse
have made an agreement for exchange
of their stock In the Machine Company
for common stock of Weatlnghouje Elec
tric on the basis of one share of the
latter for three shares of the former
This agreement will give the Electric
Company a controlling Interest In the
Issue stocks and bonds. Is to place the
company In a, position to pay off Its un
funded and floating debt, and to make
available stock and bonds that may be
issued for future expenditures.
The Osborn Mills have reduced the dlvl
dend rate frorn 6 per cent to 4 per cent
by a. quarterly declaration of 1 per cent
Subscriptions to tha xlKMaUnn -..
'" uuu received up 10 the close
business Monday totaled 136,603,600.
The clay's total sales' of United States
Steel, usually the most active Issue on
the Philadelphia exchange, -were Just 31
Philadelphia Company cumulative pre.
ferred made a new low point at s pn
the local exchange. v
X0OS.L BID AND ASKED
Diirriti marasa -
Gineral Aaphaft -.
Vki Sap Corp
. t e ,
t-hlth VeHeV T'
" tn-W ....(.
BTBONfl TJNDERTONK IN CrOJRFON
K8W YCiilK. Dm, .- miiof
of'ttt eHl iuarkt was UHtDg at tkc
clos. altsKtawto tr.s u&y wis nOw
KOtaat la ItM UM aiU honi. " ffc? abm
auoattw abJw4 tuxo adianca in th,
U444U of t day. Utaiiak fcuera war
tn tbe osftrltet with demand for July
"" Aaani. IMH.
... it4 a ii
'" H Ji l?4 "
..-a at sa"
ii I i
?sft s? --UJ,."r. k Sii w si
J2b lg as 24 51
3?t.::::::::::::ffi s IS &
5 I jUai;;.v.".v.'.v.v:'S V& if sS
TSt Bwjrs ..., ?J M? 8 felt
WHEAT SHAKES OFF
AND CLOSES FIRM
Shorts fnduccd to Cover Be
cause of Export Business
on Break Sentiment
CHICAGO, Dec . After showing
heaviness throughout the forendon, the
wheat market rallied and ctosedflrm to
day. Shorts were Induced to cover be
cause of export business on the break.
Both Armour nnd Patten were credited
with buying. Leading -cash Interests also
purchased. Sentiment was more divided
than for some time.
A report that the British government
Intended to release a large number of
vessels used as transports to relieve the
Argentine freight situation, was looked
upon as bearish. Freight rates In Argen
tina were 6j 6d ngalnst 43s last Friday.
Fears wero entertained there for ship
ping, causing depression In values. Some
authorities raised their estimates on the
exportable surplus of Argentina to 130,
000,000 bushels, but Broomliall said there
was no change In tho outlook for a sur
plus of from 110.000,000 to 110,000,000 bush
els. The late strength was due to a cable to
Armour estimating the surplus of Argen
tina for shipment abroad at 104,000,000
bushels, and on a message from Liver
pool that Argentina wheat actually costs
moro than American. Sales for export
were 1,000,000 bushels. Futures closed H
81 cent higher.
Corn opened a little firmer because of
unsettled weather and liberal receipts, but
turned easier on lower cables, good crop
news and the break In wheat. Later the
market shared In tho rally with wheat
and finished firm. The new Argentine
crop promises well both as to size and
Shipments of tho old crop from that
country continue at the rate of about
6,000,000 bushels a week. Futures closed
4J1 cent higher.
Oats Improved after showing easiness.
Export sale) the past 21 hours were said
tn be fully 3,000,000 bushels. The exporta
ble surplus of Argentina Is now plnced nt
49,CO0.CK bushels. Futures closed USH
After a brief return at tho outset, pro
visions declined on prospects for larger
receipts of hogs tomorrow and pressuro
from packers. The Initial upturn was due
to buying by speculators
Leading futures ranged 03 follows:
...... ... . . Teaterday'a
Il,Ht On n Hint, T.MW r-l..... ...
;- iV -.o" fc". .ivmv. v.u.v,
.m.rini,er .. x.i. l.2.
May 1.2SS 1.30V,
July l.iau. 1.204
1.24U 1.2Ti 1.2BVS
1.27 1.204 fl SSil
l.isfi 1.20ii tl.10'4
.... niqn tcuverj-j
10.37 1ia40 tlO.42
10.00 '10.00 10 63
LIVE STOCK QUOTATIONS
CHICAGO, Dec. 20. HOGS.-Itecelpts 42..
000: market slow. 10 to 13c. lower: mixed and
butchers', d.73J7: sood heavy, S7f7.2.i:
roush heavy. JO.75no.UO: light, $a73tl7.20
piss. 13.23ttd.33-, bulk. I7B7.1S. CATTLE
ecelDti. 7 SCO: mirbut 1A tn i.. iA...
bMrca, WM6 10.13: cowi and helferi, 3.)B
J0tf7.?3; calvet, $789.50. SHEEPsRectlpti,
.w.uvu, lit,..,, lintUTj I1B11TO
S3.S0aa30; Iambs. ts.kSfjO.
NEW YORK COFFEE KAHKET
NEW TORK. Dec, 20 At the openlne the
New York Corfu mirkit waa weak. Futures
-,. v iu uu,ia uc.ww jaar nisnr a nnan.
Openlnj tuturea: January, 64J6 10c.: Feb.
ruiry. fl.10afl.20c.; March. 60flt).2lc: April.
.30e. bid; May. e.308.40c.: June' aLsot,
6.40c; July, 7.1Jl7.2Sc.: Ausust, 7.23c. bid;
Beplember, 7.33tf7.40c.: October. 7.407.4Sc:
Novimber, 7.4c. bid. galea. 10OT baxsT
Clostnr futurea: Januarj-. S.07BO.OSC.: Feb.
ruary. doC6.0Sc; March. 0.1S4JO.17C: April.
0.2300.26c; May. a.3tao.35c; June. nta
8 20c.; July, 7J4r7.13c.; Ausust, 7.20r7.21c.:
September, 7;27)T7.28c.; October, I.33S7.84C :
November, 7.3i(iT.40o. ToUl sales, 4300 bags.
United States Industrial Alcohol Company,
----- i ,... .7 v i.i.u un priierrea.
.. uwwij .
15, to stock of record
Jloanoka Oai Llsht Company, quarterly Hi
per cent., parable llacetnbir 31. suar",r"r l
. '- ppiee-uwaia jiardwara Company.
-uoiic sefvica (.vrporatlon of Northern II.
preferred, and 14 per cn
"""", rfsuiar quaneny 44 or 1 nee r.nr
on common, both
atock of record
myaDia Ketruary 1 to
...;!.. . ........
"""", ijprinim uiiiiuea company, rtrular
resTiiar quartirlr 1J4 per cent., payarii, j.1!'
uanr IS to atock of rvrord JanuarV sl J,n
Mohawk Mtnlns Company. 1, JJaylble Feb
ary J. book, do., January i'lttpS jSiSV
Maaoninr Katlroad. Company, rcsular aamt.
annual 10" per cent, on eomnSn. pa1?bl.
February 1 to atock of record January lnrf
usual asj per cmt. on preferred. piyitS, j.nul
ary I (0 atock of record Decembcrg). nu
NEW YORK CTJB3
Bradin , ,.
uneni-cananear . . . .
Otfs Blmator .......
to nnf :.":.:::"!""" t,,t. ti
W.t. ... U .v.n.... Zf -?. .
-.. -..-. ................. .s
Btirl Qum grj
Tobacco Producti praf... , 84
United Clsar Storaa ...J V. gj
o nrf ---. . . . tri
vii,4 x.m "....
WHY ord ..
Yukoa 0ol4 54
BT. JJOUtn BOtJTHWBOTERK.
Third Wl&k pacambar. . . 2 11,000
FrB July 1. M70
Tbtfd wiilt Dacambir.. jl.SlfUlS
From July 1 .... 3I.0o4.Sti7
Third wetlc DocuaUr . . 3T.(Xp
rrom Jul i 2.JM.4S5
TSXA3 ANP PACiyie.
Isttrd weak Dacaatbar .. 100,01
1-rom July 1 8.KU.32B
Norimbar sroas 8.037,330
Net 2, (M 1,071
Fit. jaoatha btsm .... 4S.4S4.iea
Kt v 17.474.042
November ria I7.sd3.is3
Kt -V777. 3,7TT.tfH
Fl noattfS siojs .... 4t.sMT8
Nit ..,:.. . ;.:.-. l.7i,l
MWTMWar IrMS t1
Pt amejlga ro
TAJfeCO A MiSiUSWl'fH YALUtr.
eit . . . . fWUttt
glt4 WtXiWn AiA Live.
3 14. Mi lsaLt
GRAIN AND FLOUR
wnEAT-neeiiP". ..- -v..ntlr
market opened 2c lower, ou, "." ,. the
under hoiiun si.-.----- -
loaed He. Mslicr for
ltlen: Car lota. In TfWlr3ii: No. S
d. fi.-iHit- .., v.ji. Demand
COn?. neeeipf, 41.1
fair and prlew weir ."' yiB to
0744c.; mple jtttQW, nevr, 6!r?7lc.. new
roATRecV.. Wit, bushel..(l Oft!-
..eaVtW,!9 Q"S3 "d
satMSev.: itandard white, S4'40So.. k
white. 34034'4C. , . . Vm
ItVE aa In smalt supply Sf.iitw In
quote at It.lOfll.ia pr bvA.. sa to qusiu r. n
eiport elerator. and at Htfl.lO for imall w.s
of near-by train In baas. n ., ftn
I'Mt'Jl4-Ree(lpta. 4.1 bbl;. and 2..IO.on3
lh. In sacks. Trada alow, but mill limits
well maintained. Quotation., per IM,1!'-1,
yoo.1: winter clear, $4.txiaj.l0: Ho-. inS,
f?:J,ro:i da. .patent IVMOOl Kan'
i,.i rk. nmo.Mri, .nrlnr first f tear, fow
wi ji.'? r.rr:.',.7;ijjM, j, n,h
sorinx. iu,.-, t- .-
i.lm.. nn . ,,m,ni. ... n.,,u.t ...r.. .-..--
V brands. liMktoiCUr
M..t. .k..i .... rMM ui... ffl.n.ifln.H.)i
'rii..i; no., rnvnm
f4tr mllli. rerulir snides-winter clear, J4.W
o.f.ln: do., atralsht, f.V2.1i?S.S0i do., patent
, tlVK n.OI'II tn small aupply. and firm.
Ijut quiet We quote nearby and Western in
Trod at I1G6.M.
Trade quiet and the market Without Im
portant chanire. Quotations: City beef. In
t. smoked and air dried. 2S0c., Western
Jef, In seta, amoked. 28(fMct do., cltr
beif, knucklea and tenders, emokcu and
air drle.1. 2P0.'c.: do . Western beef, knucklea
!rS.JnJars. amoked. 2tflfl0c.-, beet bam;.
tBfta4: pork, fsmllr. 23Ma24! hams. S.
P, cured. loose. llVifUlc.i do., skinned, loose.
1.1(T13'4c: do., do.7 amoked. W;?14C. other
hamn. smoked, rltv cured, as to brand and
nreraao. 14UMSc.i hams, amoked. WestejTi
cured, 14i013e.; do., boiled, boneless, 20W
21c,: ol-r.fc hou!drs. B. P. cured, looae.
ll'lnllc.: lo smoked. l2U12Wc: belles.
In clckle. according to aerare. loose. 14'MJ
inc.: breakfast biron ss to brand and aver
ar. tlty cured. ISfllRe.: do. Western cured.
l31fc: lard. Western, refined, tierces. HO
llltc: do, do., do., tube. lietlUc.: do. pure
city, kettle rendered. In tierces. HRll'ic:
do., cure city, kittle rendered. In tubs. HO
Values firmly held, but trade qutet. lie
flnera' Hat nrlcea: Standard granulated, So.:
fine sranulated. 4.03c.: tsowdered. SOSc.; con
fectloners" A, 4.S3C.: soft trades. 4.10O4.70C
BU'l'I'JlIt Hecelpta wera Hcht and the
market ruled firm, with demand fairly actHe.
Prints wero lc. higher. Quotations: western,
fresh, solid-packed, creamery, fancy apeclals.
37c exceptional lota hlsher: extra, 35c.: extra
null. 3.1I34C.: firsts !IC32c.; aeconds, 270
23c: ladle-packed, 22fl24c. as to quality;
nearby prima, fancy, 39c; do.. a erase extra,
.i;i3Sc; do., firsts. .'l3fr34c; do., seconds. 2Sft
3Cc. Speclsl fancy branda ot prlnta Jobbing
KflUS. There was a good outlet for tha
limited receipts of fine frrsh efjs, values ot
which were firmly maintained. Quotations:
Jn free cares, nearbr. extras, 44c, per
dca. : nearby firsts, 112.00 per standard case'
nearby road current recelpta. 112 per standard
rase: mixed held and fresh and ordinary stock,
310.?tifill.lo nr case: Western extra firsts.
J12.C0 per case; do., firsts, S12 per case: South
ern, S11.40Q12 per case. Ken
nrine packed. 0 to Quality. 21H20C per dor.
:ancv selected candied iresn
essa were Jobbed
out at 4?ft40c. rer doz.
CIIKE8E. Tha market quiet, with mod
erate but ample offerings at former, ratea.
Quotations: New Vork full-cream, earlier re
ceipts, choice, lCc; do., ,do.r cut rent make,
choice, l.tc: do., do., fair to gcod, 14!tei4ic.;
do., part skims, ef?13c.
LACK OF AMERICAN SHIPS
SENDS FREIGHT RATES UP
Department of Commerce Reports
Huge Advance Since War Began.
"WASHINGTON, Dec 29. Ocean freight
rates on shipments to Europe, from the
United States have gone up since the out
break of the war "to a point affordlna
enormous speculative profits." This situ
ation Is due to the fact that the United
States has no merchant marine.
These were the features of a report to
day made to. the Senate by the Depart
ment of Commerce In response fo a reso
lution of Senator Fletcher adopted by the
Senato on December 18.
Cotton shipped from Ner Tork to Liv
erpool had a freight rate on July It of 20
cents per hundred pounds. On September
12 the rate was 40 cents, and on Decem
ber 19 It was 75 cents. Cotton was shipped
to Bremen, Germany, nt a 20-cent rnte on
July 11; on December 23 the rate was 3
per hundred pounds.
Sacked flour from New Tork to Eng
lish ports had a rate of 12 to 13 cents per
hundred pounds at the outbreak of the
war. Now similar shipments cost 26 to
3. cents. Similar Increase was shown In
rates to other European points.
ALLOWS RATE INCREASE
TO SOUTHWEST ROADS
Advances B&nge From One-half of 1
Per Cent, to Nearly 3 Per Cent.
WASHINGTON, Dec. Il.-The Inter
state Commerce Commission today pub
lished an Important addition to the 5 Der
cent, rate case by authorizing certain
rate advances In the Southwest.
The commission's order declared the
through class rates applying In both di
rections between the Central Freleht Aa.
soclatlon territory and the Southwest mav
be advanced subject to the Western clas
sincatlon in certain specific amounts
ranging from ft of 1 per cent, to nearly
3 per cent The rate groups Involved are
Louisville, Cincinnati, Dayton, South
Bend, Detroit, Cleveland and Pittsburgh.
The commission further ordered that
"wherein territorial Jplnt through rates
have been published on the combination
of Intermediate rates to and from thn
Ohio and Mississippi River crossings, the
amount of the increase In the Joint
through rate will not be greater than the
amount of tho Increase In the rate of the
Central Freight Association's lines to and
from the gateway,"
This Is not to be understood as permit
ting the increases on commodities, the
commission stated, which were not grant
ed Increases ln-the original E per cent,
The commission ordered also that the
carriers may preserve the grouping of
points of origin and destination In Cen.
tral Freight Association territory which
have been heretofore observed In making
Joint rates between that territory and the
COTTON FUND SUBSCRIBED
All of Class A Certificates Have
N.ow Been Taken.
WASHINGTON. Dec .-The entire
cotton, pool fund of Class "A" certificates
amounting to J10o,uCO,000, haa been sub
scribed, according: to a statement by offl
dais of the Federal Reserve Board. Sub-
pupu uvi wieveiapa and Pitts
burgh reefV4 today completed the
amount Only tK.000.ooo jat the entire
pool remains yet to be subscribed, and
It U asserted, this will be easily orJtalri
able from Bouthem comtasrolal concerns
from the Class "B" certificates, wblah
have been absorbed by Southern flrras
but wnloei have not yetHbein eturoed
to the New York Central CroItUe.
Loans from the pool wfll be made by
January 1. one month .earlier than wsi
xpeoted. member of the reserve board
said today. It to p,eted, however thai
no great amount wlJJ b Issued ' wiUt
alter February If. v " wml
BaaV of S"raaea Dividend
MtUMrTORy Oar AC3V.VAWT
DllESSKO Supplies fairly liberal and tk.sl
market quiet and hsrely steady Qu0i2J
tlona: Turkey dry-packed - Fancy, HrsaSi
nearbr. ltS20c.; do., Weatern, 19c. a,.!3
ass recelpta. 10?18c-1 i ""'"lor. 12015 J
NO. 1. Old, IPC. . f'OWII, . 13 to IW.'
dry-racked, aelecled ..nAVjr. ltScj trtlts.ii.v
inw ". ''-'. l-v -. uw-ri im
lce, j.o;scef uu,'.li,'ul" rW w I fl'
ID piccr itiinc.i uu.i
3'' . an J
1XUJ49. t IdWII, PDIB.t
western. urj-y.u, .j73i . turn. an
lOd.l CO., 4 lbs., 150.1 do., 3U
il. t An. 3 the. nnd under. UtiMiA .
roetrs. dr-pU;ked. 12140,1 broiling eh ck,,
Xearbr. mai lbs. aPJeea. 2O022c.t j' I
fair to rood. ieai8e.t Western. TmjJ i&M
r piece, auo.1 on., lair .y awu .usiocr roast. rA
rt chickens, dry-packed. In boxes tlllc.f3.!a
18 to 21 lbs. to.dox , 22Q23c. t mllk-f id, 4 ,: !
19 lbs. to dos., lenaie.! rorn.fed, IS to 24 L '
tn dot.. 204J21C J corn-fed. 23 to 80 Ibt. t4
oo., 1S4J10C.! mllk.fed. 31 to SS lbs to W!0
144c.t milk-fed, 8T, to 42 lbs. to, ties., liy.K
nllt.fed. 43 10 47 IbS. tO dOX.. lSUe. 1 rfiti! "
fed, 4S lb. to dox., I7e, milk-fed. 60 lbs. ,;
erer, 18c! torn-fed. 31 o .18 lbs, to dor.
OHC! eorn-rea. .ii 10 ids. io nox.,
.,& Mra.fMl IX M IT lh. tn rfA.
lSc- corn-fed,. 4 lbs. and ever. to dos,
cotn-fed, 00 Ibi. and oyer, iscj rosmf.'
chickens, dry-packed. In bbli. Wesiern. mirty
fed, dry-picked, B lbs. and over. 17e. : Went.
mllk-feJ. ids.. ioc. : ivesiyrn, miiK-rea, lu
Its., Jl c. : tye'iern. ninn-ieu, atr-picirt,
mi1 n-eleMi. 140!l4Uo.! Western, mllv.fa'
2M4J3 lbs.. 14c: Western, enrn-fed. 5 its. icj
vvevem, corn-icy, u' r"l"Jut.
u , Weatern. corn-fed. HU Ibi
14o. J Wirtll
rrn. corn-fed. 2(73 lba 131.5c
ducks. liiBiic pnns Keeee,
Souabi. P'r doien White, welshl
lbs. T.er doion. I4.!5t4.83: white.
hint: 11 fo II
to 10 lbr. per dole n. n.n4 in; white, wi i.i
Ina 8 lbs. rer dnsen. 2.7r;B'3,lII: do., T 111.
Fer inzen, em.tki: no., .itii id. per qoii
1 4tf1 nn Aarlt en Vn O flO I7S1 in
l.IVR. Desirable stock In small eurjlr
12014c: old roosters. ItMMOUcs iprull
chickens. accordllTs to quality, llftl.lc: ttnva
KeiS. liriifltci nucKn. lo.mc, ireese, .1,
sulneas, youns-wfisiiins; a ins. and ortfj?
apiece, per pair, rwc; weixninir in"irt b.
apiece, per pair. SOa.: riilnena. old, per r&t$,
lAOil. !.. & hala ITlttlSl Eat
UTJlUtsi piUI-I'Pr 1- '"ll. sir. loin
rh- eeneral market nulet nnrl nffn.r. (
pineapples a shade raster. Quotatlonai Arplnl
New Vork. per bbl. Klnsr. $2fJ3: Haldwln, Jl.tll
z..: tireeninir. iua:. ny, si.iMiz.no: otturj
rood aatlns varieties. $l,732.SOf medium, llfil
anoles. Delaware and Pennsylvania, ner him
twtf- Mil vine.
i "L-Jw -n..-.j-
a. per box. 11.2.MM: taneerliwiJ
lemons. wfr ox. e.oues.i.EVlr3
ner stran. t24f2.SO.',EraRefrutt. FInri.i
per box, sisjz; pineapples, pnr crate Portia
Jilco. Jl.534t2.f0:. Florida. 1102.80: cranberiltv?
ata...M taitat uft.alaitaia nap TiVl t rtan. mt. . '.''i
be-Tlt, Capi Cod, early black, per bbl., SS04ftf
eranbirrlPB, Cap Cod, early black, ner cmtj.i
7ffe.rxi.C0; cranberries, Jersey, per orat. 7iV!
VTl.ai JIP, ',""l l'f U1, OfCKH. 1
M TLfisrr, Tiuehtnm. at2A.l! UnwoTI. t5-T- Knl
ollur varieties, J2$3j strawberries, Florida, pcfS
Demand fair for choice stock at reiliMj
R rites. Quotations: wnito potatoes,
ush. Pennsylvania. 5S(J7ROc.: New Tork
47S0c; white potatoes. Jersey, per basket.
IMOa: awcet notntoes, Uastem Shore, pera
bbl. No. 1. J2W2.7H: Nn. 2 8t.msi.7a; aweitrj
Jersey, per bbl. No. 1. 8303 60: No. 2 tfl
Z.2.T: anreta. jeraev. per rmsKet. oojjisc.-.i
onions, choice, per bush.. 70vs73c.; da. orriH
nary, per bush.. fuifro.VM do., choice, per i0o-
lh. hair. ll.2.-,trl.M! rlo.. medium.
bnr. HJc.flM: do., seconds, per 100-lb. bar.'
Rnft73r.; rahbsee. domestic ner ton. SMtS: :
do.. Danish, per ton. S12fT13; caullflovrcr. New?
Vork. per crate. 7Se.RS1.23: aptnach. Norfolk-.J
per bbl.. 82S2.30: kale. Norfolk, per bhL. t
775c: lettuce. Florida, per basket, 8283: do.."
North Carolina, per basket, $I2: beans. Flor-
Ida, rer raaket. 82473: peas. Florida, per bis. ,
kit. 82.30flS: easnlnnt. Florida, per box. 82..VI
B4: cucumbers. Florida, per bnaket. t 7M
a r.n; aouaeh. Florida, ner baaket. Sl.nona:
nenners. Florida. Dpr carrier. 83124: celerr.
New Tork, per bunch. 23&45C.: mushrooms.''.
per 4-lb. basket. JltU.H).
RISE IN STEEL PRICES
Xeadins; Companies Look for
vance After January 1.
It was learned oil. good authority today'
that structural Bteel prices are to i),
advanced after Janunry 1. This Is tha,l
first sign of actual stiffening of prices n'
that branch, of the trade, but for somsj
time tle big companies have been only I
taking orders for very close delivery all
the existing low quotations.
Rail makers expect that there will b
at lua'st 100,000 tons Involved In the inltlaO
rail orders to be placed by tho Tennsyl-J
vanla und Baltimore and Ohio roads.
Tho New York Central has placed or-i
dere for J7.000 tons and Is making In
quiries for 44.BOO tons additional.
An official In one of the largest of th, ""J
country's steel companies remarked to.
day that he believed the Increase in
in the trade than the much-exploited
roreign orders for war materials. He
said that these had been somewhat ex
aggerated, whereas already considerable
orders aro being received from BUch Im- j
portant concerns aa the Illinois Central
Railroad, the Union Tank Line, the West- '
moreland Coal Company, the Reading and
others. An Indication of the relatively
low levels to which steel and Iron prices J
nave lauen, as compared with the same
period a year ago, may be had from the
following table ot Pittsburgh quotations:
Today Dec, U
No. 3 foundry ..,,
For 100 pounda,
Harrison Bros.' Annual Beport
The annual report of Harrison Bros. A
Co. shows profits of ,154,136, against MS.
321 in 1913. The surplus Is I124.4SS, which,
after Interest and preferred dividends,
showed 6,1 per cent, earned on the com
mon. The president says: "We have
been developing qur domestic sources of
necessary raw materials. We were, there
fore, partly fortified against the situation
which has arisen, but It had not been
expected that -we would so soon have been
lorced to rely on American sources of
supply, fills, together with the unset
tled financial conditions recently prevail
ing In this country, made It necessary to
reserve the cash resources of the com
pany, and your directors accordingly took
no uctlon In respect to the quarterly divi
dend of 1 per cent on the preferred
stock, which customarily would have
been paid November 1, nnd which was .
more than earned."
?J " ,"g? retiatred .
2a ot iwo eoupon ...,,
Fanani2 rtslitarad !
anaraa 2a coupon . . .
vJiK? J?tw .? wslslerad
of wis reslJtirVjr, ' ,552
Uoi mis coupon . tiSfJ
--.. iiw 4 (
is ot ww coupon .,.".v.v...v.::::::::::::iS3
SECTJBITIES AT AUCTION
byAsiSuii0T,iiJ!S-,?,i aicurlttas ware soil
MM Ul .IHBn. riDltlaraJ --.- --;.. T
tttr lldira of th IVUwar Insur
SfcfthfSrS!?' f1. ?hlladlihii"wttloa"eM
fSestanrf?-.?' h Cwapanr. 715-T17-7W
iTltJ at ii-.S ? Monday. Jauu.rr sstb,
"ill b? .ilL.01.. BSOS- dfractors
JOSB?H & MOZOKTH Bicraiajry.'
" iThJLaldAlnhls naab.h.. A tthlA
ThM Ar,.i VfT-.T-" ": ?
JSfw.flt. ba taM at tC'iKk.S"fflS2
V4M1XT. Jannaea t s. ZZI -" "".s.
M 0. BAKsm Citlr
, . UIViaBK
liR.af 'IUU a. u. uw.m.
a wftufiiiai sBisJssrsr"
et KiSrJjai Uatat Cosa-
K- ?Mfi trfe ,li IV iMl r
'SW - S.48 12
J SHI. Sl.llf tWJ
e 4vvlarad a Quaj'taii
t,a u, l..le ,. , .. u.
Ill I ii CJKtlA
b . ......J-.-.,.. &
r tsfiasaav smv
M.r...3:,, -s" w.r r" ""
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