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I Free Libraries f || Voting Contest j 1 Vote Certifi jjj cate FREE I With each advertisement inserted I in the classified columns of the | | I NEWARK STAR and for each | I» insertion a certificate will be is- \ sued good for 25 votes in the [ Evening Star j i Free Libraries j | Voting Contest j ALDRICH MONETARY PLAN WISEST SINCE HAMILTON. Asst. Sec’y of Treasury Says Proposed Legislation Is Panacea WASHINGTON, D. C., Jan. 18.—Tho Aldrich plan for monetary legislation marks "the most profound and com prehensive attempt at constructive financial legislation which the country has witnessed since the time of Hamil ton;” said A. Platt Andrew, assistant secretary of the treasury, today, In ad dressing the business men's monetary conference hold by tho National Board of Trade. \Ii. Andrew defined sin existing defi i oheles in the present monetary sys tem, and explained the remedies sug gestd in tho Ajdrlch plan. Speaking of the proposed reserved association, Mr. Andrew said: "With such an Institu tion In existence it Is hard to see how solvent banks could ever again be forced to suspend, or how our domestic exchanges could ever again cease to operate. "The Aldrich plan,” continued Mr. \ndrew, "does not attempt to repro duce In this country any institution ex isting elsewhere. The reserve associa tion is not like the llelchbank or tho Bank of France, or the Bank of Eng land, yet It embodies among Its func tions the valuable features common to ■ill of theBe istltutlons." MERGER DISCUSSED BY STOCK EXCHANGE MEN. BOSTON, Jan. .8.—Fifty members of tho Boston Stock Exchange met yes terday afternoon to consider the Calumet and Hecla '■onsolldatlon plan. George S. Baldwin, chairman of the meeting, was empowered to '•elect two others to form a committee to talk further with Calumet and Hecla man agement. This will be composed of five members of the exchange, the fourth and fifth members to be selected by Mr. Baldwin and his appointees. Colonel Henry L. Higginson paid . tribute to the lnte-T-lty ol the Calumet and Hecla management In Its action, 4 not only regarding the proposed con solidation, but In all Its dealings with tho shareholders. -Ie said that the pres ent plan was nothing new, but had been conceived by the late Quincy A. Shaw and Alexander Agassiz. Colonel Hlg ginson said that In his opinion the plan was equitable to all concerned. INDIANA STATE SENATE PASSES INCOME TAX. INDIANAPOLIS, Ind„ Jan. 18.—The joint resolution for tho ratification of the proposed sixteenth amendment to the Federal constitution to enable the levying of an income tax was adopted by the Senate yesterday by a vote of 48 to 1. The resolution did not provoke any discussion, though a number of the members sounded their constituency while at home over Sunday and found many of the business men opposed to it. Letters are reaching the members of the house from many sections asking them to vote against tho amendment, but there Is little prospect now of head ing off the rush to ".dopt the resolution. CONTRACTS FILED. These contracts were filed in the county clerk’s office today: E. Brockett, owner, with T. Werner, contractor, heating and plumbing work, *1,034; Prospect street, EaBt Orange. Same owner with Colt & McLane, con tractors, carpenter work, *3,482; same premises. Same owner with J. Everett & Son, contractors, mason work, *1,175; same premises. J. Dunn & Sons, owners, with E. Dunn, contractor, all work, *24,000 ; 607 513 South Sixteenth street. T. Price, owner, with Runyon & Reichert, contractors, carpenter work, *8,660; Myrtle avenue, Maplewood. Same owner 1 with E. Higgins & Co., con tractork, painting work, *285; same premised Same owner with A. HofE kian’s sins, contractors, plumbing and Mating Vork, *1,224; same premises. -Jl® *.n« BRiwr* REsri.T* BOND MARKET IS ACTIVE; SALES TOTAL $5,000,000. Transactions Overshadow In terest in Bullish Stock Deals. NEW YORK, Jan 18—The demand for bonds became so active and so broad yesterday as to overshadow even the excited and bullish speculations in the stock market. Total transact.ons In the local Stock Exchange Involved more than $6,000,000, while sales of new Issues "over the counter" exceeded even that amount. Announcements were made of successful flotations ol’ numerous bond and note issues and of contemplated financing through similar Issues by r Broad, industrial and public utilities corporations which have hitherto been awaiting an auspicious moment for marketing their securistes Thus the local banking houso which purchased $10,000,000 of the I Vi per cent notes of the New York, New Hu.eri I and Hartford railroad announced thm j it had resold these notes privately on j a 4*4 per cent, basis, nnd that the ap j plications received for them had been j <ar In excess of the total amount of I the Issue. A banking syndicate, including Kid der, Peabody & Co.. Harris, Forbes & Co., R. Li. Day A Co. and Estabroook & Co., stated that it had purehas* d about $10,000,00*1 collateral trust 4 per cent, bonds of the American Telephone and Telegraph Company and is now offering theso bonds at 90*4, to yle d uhout 4.80 per cent. Directors of tl.o Seaboard Air Line Railway Company authorized the sale of $19,000,000 of new refunding 4 per cent, bonds to a syn li cate to be organized by Blair A Co., Ladenburg, Thalman & Co. and Mid dendorf, Williams A Co. in connectii n with the retirement of $14,651,00* of that road's collateral trust 5 per cent, bonds, maturing May 1, and it was understood that negotiations were nearing completion for the sale of $7,000,000 of 4 per cent, first and re funding mortgage bonds of the Dela ware and Hudson Company, authorize) by tho Public Servico Commission, to a local banking house. Foreign Investors were again promi nent among the purchasers of safe and sound bond and note issues, offei ing comparatively high yields on the In vestment. The domestic Investment demand reached such largo proportions I yesterday that It overflowed into tho j guaranteed and bank stock depart ! merit. Purchasing of a small block of 1 National Bank of Commerce stock, for 1 example, carried Its price up to 200. while buying of many other similar Issues had a like effect. BOARD OF APPRAISERS LOWERS BADGE DUTIES. NEW YORK, Jan. 18.—According to a decision of the Board of Appraisers bronze globe badges In the form of military ornaments, not set with Imita tion precious stones, and composed wholly or in chief value of copper, are excluded by Implication from classifica tion under paragraph 48 of the tariff act of 1909. Under the assessment as made the rate of duty was as high as 86 per cent. C. A. Haynes A Co., the Importers In the case, whose Drotest Is sustained, ret up the contention (hit tho ornaments In question are dutiable properly at 45 per cent, as being in fact “manufac tures In chief value of metal." NAME NEW SUBMARINES. WASHINGTON. Jan. 18.—The eight submarine torpedo boats which were authorized at the last session of Con gress have been named by Secretary Meyer. The new boats will be known by the following names; .No. 2, Sea Wolf; No. 29, Nautilus; No. 30, Gar fish; No. 31, Turbot; No. 82, Haddock: No. 33, Cachalet; No. 34, Orca; No. 35, Walrus. HALSTEAD CLUB ENTERTAINS. Members of the Hollywood Club, of East Orange, were guests of the Hal Bted Club at the Orange Casino laBt night. A basketball game played In the early part of the evening resulted in a win for the Hollywood team by a score of 22 to 5. Following the game, ianclng was In order. Between dances -pfrpshments were served. 1 IN THE WORLD OF FINANCE | MARKET GL03ES i HEAVY WITH RISE IN COAL STOCKS Reading Rises Two Points and Lehigh Valley Advances Only to Recede. NEW YORK. Jan. 18-The stock market opened active today, but with an irregular tendency. Three thousand I shares of United States Steel sold at | as against 78%. yesterday's close. Canadian Pacific declined 2 | points and Heading showed some heav , Incss. Colorado Fuel advanced a point, i Bt Louis .Southwestern preferred % and Wabasli preferred %. Hook Island uiso was strong. j U a. in.—Early dealings In tfe stock | market were very much confused, iiihuv \ of the important stocks fluctuating widely in either direo.u i. Canadian I Pacific made up half ■>* its initial loss, ' and there was a stronger tone general ; ly after the opening, but free protit : taking and short selling depves-od some of the favorites to the low point uguln Union Pacific in the eariy dealings lluetuuted from 176% to 177Vi Soma of the specialties and low-priced railroads were notably strong, American Smelt ing. National Lead, i.aclede Gas, Gen eral Electric, Rock island preferred and Bt. Louis Southwestern Improving i a point or more. Reading uni U. s I Steel were under pressure, while Nor I folk and Western, the eastern trunk lines and some of the grange's were distinctly ilrnt. Noon—The irregularity of the morn ing session was probably due to pro fessnonal selling of Reading. U. S. Steel and the Gas stocks, on the theory that a further advance was unwar ranted at this time. Norfolk and West ern held firm in the face of a semi-offi cial statement that rumors of un In j ( tease In the dividend rate was prema ture. The strength of American Smelt ing was ascribed to belated recognition of the favorable semi-annual report. The professionals apparently changed their tactics toward Reading near mid day. rallying It from 156% to 167%. The general undertone, however, was rather heavy. Bonds were steady. 1 p. m.—Strength in Central Leather and the Telephone and Telegraph is sues was the feature or the midday dealings. Pacific Telephone advanced 4% to 54, and a block of J-60,000 of American Telephone Convertible 4s changed hards. 2 p. m.—The market continued list less, although prices in the main held steady. Union Pacific and U. S. Bt cl showed a firmer tone and Lehigh Va - ley stiffened In sympathy with Read ing. 3 p. m. The market closed heavy. A further rise in the coal stocks stimu lated buying elsewhere, and the list moved up a fraction. Reading's Use readied 2 points and Lehigh Valley touched 180. but they reacted a point later. NEW YORK STOCK EXCHANGE. Following aro the quotation* of the j day's prices, as furnished through i Byrne At McDonnell, member* of the New York Stock Exchange: Open High.Low.Close. j Amal Copper. 64% 64% 64 64% Am Agri Chem... 47% 48% 47% 4 % Am Can. 9% 9% 9% 9% ! Am Can pf..'. 78% 79% 78% 78% : Am Car & Found. 54 54 63% 53% | Am Cotton Oil.... 59 69 69 59 I Am Ice Socur. 18 IS 47% 1»% | Am Locomotive.. 40% 41 40% 4 i Am Loco pf. HO 119 110 110 Am Smelting ... 77 78% 76% 78% Am Smelting pf. 104% 104% 1*4% 104% Am Woolen ..... 31% 31% 31% 31% Am Woolen pf .. 93% 94% 93% 94% Anaconda . 39% 39% 39% 39% At, T A S Fe .... 104% 104% 104 104 At’ T A S Fe pf. 103 103 102% 103 Balt & Ohio . 107% 10S 107% 103 Brooklyn R T .. 78 78%' 77% 77% Canadian Pacific. 208% 209% 208% 208% Cent Leather ... 29% 31 29% 31 Ches & Ohio. 84% 84% 83% 83% Chic Gt Western 23% 23% 23% 23% j Chic, Mil & St P 126% 126% 125% 126% Chic & N W_ 145% 145% 144% 144% Col F & 1. 33% 33% 33% 33% Col & Southern.. 69% 60 59% 60 Col & So 1st pf. 76% 76% 7G% 76% Con Gas . 142% 142%, 141% 142 T) & H. 368% 168% 168% 168% Den A Rio Gr.... 31 31 21 31 Dis Secur ......... 33% 34 33% 34 Duluth S 9 pf.... 24% 24% 24% 24% Erie . 28% 28% 28% 28% Erie 2d pf . 36% 35% 35% 35% , Gt Northern pf . 125% 125% 125% 125% \ Genl Electric . 153 153 151% 1>1% 111 Central . 135% .135% 135% 135% Interborough Met. 19% 19% 19% 19% Interbrgh Met pf 54% 54% 53% 64 Iowa Central . 18% 19 18% 18% K C Southern.... 33% 33% 33% 33% j K C Southern pf.. 66 66 66 66 Louis A Nash.... 147% 148% 147% 147% i M. St P & S S M. 139 139 138% 138%; Missouri Pacific... 50% 50% 49% 50 Mo, Kan A Tex.. 35% 35% 35% 35% National Lend.... 55% 56% 65% 66% N Y Air Rrake... 72% 72% 72% 72% N Y Central. 111% 112% 111% 111% N X, Ont A West 43% 42% 42 42 Norfolk .107% 108% 10678 107 North American.. 65% 65% 65% 65% Northern Pacific. 118% 118*4 117% 118% Pacific Mail. 27 27% 26% 27 Pennsylvania .... 127% 127% 127 127% People’s Gas. 108% 108% 108% 108% Pittsburg Coal.... 18% 18% 18% 18% Pressed S Car.... 32 32% 32 82 Pressed S C pf.... 94% 95 94% 95 Reading . 156%, 168% 156% 167% Rep I A S. 33 33% 33 33% Rep IAS pf. 94% 94% 94% 94% Rock Island. 32% 33% 32% 32% Rock Island pf... 83 64 63 64 St L S \V pt . ... 64 61% 64 64% Southern Pacific. 117% 118% 117% 113 Southern Ry .... 28 28% 27% 27% Southern Ry pf-. 64% 64% 64 64% Tol, St L A W... 23% 23% 23% 23% Union Pacific ... 177% 177% 176% 176% i United Ry Inv .. 42% 43 42% 43 U S Steel. 77% 78 77% 77% U S Steel pf. 118% 119% 118% 119 Wabash . 16% 16% 16 16% Wabash pf. 35% .35% 36% 36% ; Western Union- 76 75% 74% 75% , Wls Central . 62 62 62 62 i q Westlnghouse El.. 67% 68 67% 68 ,.. ..... -- ■ i EMPEROR CONTRIBUTES. ST. PETERSBURG, Jan. 18.—The « emperor has contributed $26,000 and the < empress $5,000 to a national fund for 1 the relief of the sufTerer* from the( ! earthquake In Turkestan. < NEW YORK CURB MARKET. The following New York Curb quo tations are furnished and corrected by Charles A. Stoneham & Co., 54 Broad street. New York: Bid. Asked. Bay State Gas .62 .75 Brit Col Cop . 6.37 G.75 •Buffalo . 2.00 2.50 Butte & N Y .26 .60 Butte Coalition . 18.50 19.00 Carb.a .. .15 Chino Cop . 21.12 21.60 •Cobalt Central .09% .10 •Colorado . 33 .34 Comb Frar.14 .17 COD Con.10 .12 •Crown Re.erve. 2.62 3.00 Cum-Ely Min. 6.00 7.00 Daisy .07 .09 Davis-D Cop. 1.50 1.62 Ely Cons.30 .32 First National. 1.87 2.00 •Florence Goldfield. 1 50 1.6" Giroux Min. 6.44 6.53 Greene-Can . 6.50 6.75 Inspira Cop. 8.50 8 66 •Kert Lake . 7 12 7.18 •Da Rose Con.’... 4.40 4.50 Mason Valley . 9.50 10.00 Miami Cop. 19 37 is 62 Mines Co of Am. 5.37 5.50 Mont Shoshone.07 .12 Montana Tonopeh.88 .93 N-Utah Min & Smelting .87 .93 Nip Mines Co. 10.37 10.87 Ohio Copper . 1.60 1.56 Rawhide Coal .03 .04 Ray Central . 1.94 2.00 Ray Con. 17.75 18.25 Silver Deaf.04 .05 •Sioux Cons .30 .31 South Utah.76 .87 Sup & Pitts. 13.75 14.25 Tonorah Belmont . 5.75 5.S7 Ton Exten.96 1.00 •Tonopah Min. 8.12 8.37 Trl-Iulllon . .62 .09 Trinity . 4.00 4.76 Tuolumne Cop. 4.50 4.62 •Unde Sam...45% .46% Union Mines.56 .69 United Copper. 4.12 4.50 •Yukon Gold... 3.87 4.00 •Dividend-payers. PRICES OF BONDS. The following quotations were fur nished by Post Sr Flagg: Open. High. Dow. Close. Allls-Clialmers 6s. 76% . Am Agrl Bs. 10.1% . Am T A T evt 4rt.. 106% 107% 106% 107% Am Tobacco 4s.... 84% 84% 83% 83% Am Tobacco 6s... 105 105% 105 105% A. T & 8 F Is. 99% . A, T & S F con 6s 109 . Atlantic C D 4s... 94% . Balt & Ohio 3%s.. 92% . B & O S IV 3%s... 91 . Balt A Ohio 4s.... 95% . Brooklyn It T Is.. 83% 83% 88% 83% Brooklyn R T 5s.. 103% . Can South 1st 5s.. 103% . Ches & Ohio 4%s. 101% . Ches A Ohio 6s... 113 . Ohio A. Alton 3%* 71% 71% 71% 71% Chle, B & Q 4s... 95% . C. R TAP new 4s 74% 74% 74% 74% Colo & South 4%s. 98% 98% 98% 98% Dlst Co of Am 6s. 77 . Erie cvt. ser B... 69% .. Iowa Central Is.. 65 ... Interborough 4%s. 79% 79% 79% T9% Int Paper 5s. 85% . Int Pump 5s. 92% . J/OUl* A Nash 4s . 98% 98% 98% 98% Mo, K A T 4s. ... 97% . Mo, K & AT 4%s. 85% . Nat Ry of Mex 4s. 95 . N Y C A D S 3%s. 80% . N Y, O A W 5s.. 95 .... ,. Nor Pacific 3s. 70% . Nor Pacific 4s.... 190% . N & W conv 4s... 107% 108% 107% 107% Ore S D new 4s .. 93 93 % 93 93% Pennsylvania 1915s 96% .. Pennsylvania 1948s 103% . Reading Gen 4s... 98% ... St D So consol... 75% 75% 75% 75% South Pacific 4s 91% . So Pac conv 4s.. 98% 98% 98% 93% Southern Ry 4s.. 77 77 % 77 77% Union Pac 1st 4s. 200% 200% 100% 100% Union P conv 4s. 105% 105% 105% 105 4 U K Steel S F 5s. 104% 104% 104% 104% U S Kuober 6s. . . 103% 103% 103% 103% Wabash lsts .... 109% 109% 109 109% Wabash 2ds . 99 . Wabash 4s . 64% 64% 64% 64% W Maryland 4s. 86% 86% 86% 86% Wisconsin is .... 93% . West'house conv. 92 92% 92 92% PHILADELPHIA STOCK MARKET. The following quotations were fur nished by Elsele & King: Bld.Askpd. American Railway Co. 44% 44% Cambria Iron .. 45 46 Cambria Steel . 44% 45 Storage . 63% 54 Elec Co of America. 12% 12% E & P 4s. 87 87% Dehigh Valley . 89% 89% J,ako Superior Corporation.. 28% 29% Morsden . % % N J Con Tract. 72% 72% N J Con Tract 5s. 103% .... Philadelphia com .. 51% 52 Philadelphia pf . 44 44% Philadelphia Electric . 16% 16% Philadelphia Electric 4s. 78% 79 Philadelphia Electric 5s. 103 103% Pennsylvania . 63 11-16 63 13-16 Philadelphia Traction . 86% 87 Reading 4s ... 98 98% U G I . 87% 87% Union Traction . 47% 47% IJ S Steel . 77% 77% Warwick . 10 10% NEW YORK PROVISION MARKET. NEW YORK, Jan. 18.—Flour Steady, with trade disappointing. Rye—Steady wheat—Continued moderate North west receipts and Insufficient precipita tion Southwest caused an early ad vance In wheat, followed by a slight setback under poor cables and realla ng; May. firstname.lastname@example.org%. Pork—Steady. Beef—Firm. Bard—Steady. Sugar—Raw, quiet; muscovado, 89 lest, 3.01; centrifugal, 96 test. 8.51; mo lasses. 89 test, 2.76. Refined, steady. Petroleum—Steady. Molasses—Steady. Hay—Easy; prime, 1.07%; No. 1, 1.06; No. 2, 95. THE PRODUCE MARKET. NEW YORK, Jan. 18.—Butter— Bare y steady; unchanged; receipts, 6,603. CheeBe— Steady; unchanged; receipts, 157. Eggs—Steady; receipts, 11,618; State, Pennsylvania and nearby hennery ; vhite, fancy large. 35®36. do. gathered vhlte, 214 34; Western gathered white, I0(fi34; fresh gathered first, 27; refrlg ■rator, special marks, fancy, In local itorage, 23%; do. first, 22%®23. ;TEEL TRUST CUTS PRESIDENT’S pay NEW YORK, Jan. 18.—Although lharles M. Schwab and William F lorey as presidents of the United !tate3 Steel Corporation got 1100,000 a ear, James A. Farrell, the new preal ent, will get only (50,000. i LOCAL SECURITIES. J ♦ ♦ • ♦«**« **4. . . . ^ v«««4«4.»4 * The hid and asked price* appended arc furnished through Utarle A IvKg. STO( KS. GAS, ELECTRIC AND TRACTION. Bui. Abnt-u. Con Trac Co of N J. <24 73 4 . P tin l.iglil * «J . . 3U'I . . . Essex & Hudson Gas Co.. 134 137 Gas & El Co of B« rgen Co 79 81 Hudson Co Gas Co. 133 136 Mwnrk consol Gas Co. ... 97 99 N Brunswick L H & P Co. 7.*> Paterson & Pa.-salc Gas Co 8s 91 Public S rvice Cor ctlB. . . . 99 4 100 Public rvlce Corporation. 1144 11 5 V* Pub h* rv Gen Mort 5s, 1959 9. 96 Rapid Transit St Ry Co 23Q ... Son ers» t. I & M TJgh’g Co 65 S Jersey G, E & Trie Co.. 127 129 BANK AND l i.i ST CU.V11 WS Y Cilfy 'J rusi Co. itiU 170 Essex Co Nat.oi al Bank... 3U«> 310 Essex Co Trust Co. 2413 Fedtral Trust Co. 204 203 T ldriity Trust Co. 800 Jronbounu Trust Co . 2uu ... Irvington National Bank.. 129 ... Mantifaciur'rs' Nat IP- k . 2'.0 260 Merchants' National Bank. 265 275 Mutual Trust Co. 150 156 Nat Newark Binding Co... 385 89.1 National State Bank. 220 230 North Ward Nat Bank... 360 370 Union National Bank.. 400 410 (West S ? Tre. * r\>nv any 250 Newark Trust Co. 155 160 LIFE AND FIRE INSURANCE. American . 485 495 Colonial Life . 350 400 Firemen's . 460 l Newark . 315 ... Prudential. 460 BONDS. GAS ELKCTk.v. a. D TRACTION. •Ber T’plke Co 1st 5s. 19 1 95 97 •C El Co of N .1 1st 5s. 1940 90 94 (Jon Trac Co 1st os, 1933 . .. 10 4 104 • t A- i <v. 5 1938 108 •E P&C J Ry Co 1st 6s 1960 95 96 % •E. R St Ry Co g« n 5s, 19 4 90 96 •Gas & El Co of B Co 1st 5 s. 1919. 100 101 ♦Gas & El Co of B Co gen r>s, 1854 . 94 95*4 •Mud < 0 Gas Co 1st 6s. 1949 102 4 104 •J C. H & V St Rv Co 4-3.19 9 74 75 •Mid A Horn Tract Co 58.19 .0 90 96 •Nwk Con Gas Co con 5s. 1948 1034 104*4 •Nwk Gas Co 1st 6s, 1944 12* 130 Nwk Pass R R con bs 19 0 1064 10iH •New B L, I! & P Co 4s 1939 *0 81 •N Mul U H A P 5b 1938. 101 103 •N Mud Co Ry 1st 6s. 1914. 103 10» •N Hud Co Ry 5fl. 1928- 102 104 •N Hud Co Ry 6s 1924 . 10" 102 •N J St Rv Co 1st 4s. 1948. 74 4 76 H •O A P V Ry 1st 6s, 1938. . 90 96 •Pa« Light Co 1st 5s 1925 95 .... •Pas Light Co gen 6s. 1137. 100 •Pat A Pas Gas A El Co con 5s, 1943 . 99 101 •Plain St Rv Co 1st 5s. 1922 100 i *Hap Tran St Ry Co 5s '921 104 .... j •Som Light Co 1st 5h 1939. 104 - •St’ A M L Co 4s. 1943 7b .... •S J O, E& TOo 1st 5s. 19*3 97 4 97H •T St Ry Co 1st con Gs. 1938 100 •U11 p:i Co of NJ 1st 4m,i»<9 774 77 M MISCELLANEOUS. •Hack Water Co 1st 4a. 1952 85 87 Long Dock E R R 6s. 1935. 123 125 Morris & Essex con 7s 1915 110 112 ♦N Y & N J T Co 1st 5s, 1920 103 •Passaic W Co 1st Gs 1937 99 •Ellz Adjustment 4b. 1922. 99 CITY AND COUNTY •Newark 4s, 1922. 100 •Newark 4n 1923. 100 ... •Essex County 3.65a 1926.. 97 ... •Essex Co Bridge 4s 1944.. 101 ... •Essex Co Hospital 4s 194 4 101 ... •Essex Co Park 4s. 1944.. 101 •High Pressure 3 4s 1836.. 97 ... •Nwk Storage R 34s 1956. 97 ... '•Newark School 3Kb 1936. 97 ... •Newark School 3'is 1956. 97 ... Trenton Schoo1 4s, 1937... 100 ... MISCELLANEOUS STOCKS AND BONDS Pat R & M Co 1st 6s 1929 90 I Celluloid C o. 125 1.80 'Joseph Dixon Crucible Co. 270 ... ' New Jersey Zinc Co. 395 ... Singer Manufacturing Co.. 310 ... •And accrued Interest. FINANCIAL NOTES. George F. Baer continues a director I of the Lehigh Valley Railroad Com | pany. — Having been admitted to the unlisted 1 department, Philadelphia General I Asphalt dividend warrants were traded in first at 87 and then at 90. only small I amounts changing hands. At the annual meeting of the Alliance Insurance Company at Philadelphia the directors and ofllccrs were reelected, I except that John O Platt was elected :second vice-president; P. Hood Wright, treasurer, and Sheldon Catlin. assist ant secretary. The merchandise balance of trade In favor of the United States for last year was $301,603,648, besides which we put to credit account abroad $11,034,437 as the net value of silver and gold ex ported. Of the 1,212,160 shares of Lehigh Val ley stock outstanding, the management yesterday held proxies for 976,358 ehares, of which 847.329 shares were or record November 20 and so eligible to be voted at the election for directors Stockholders of ttie Kensington Trust Company yesterday authorized Increase in tho capital sto.k from $150,000 to $200,000. The New York, New Haven and Hartford Railroad Company sold $10, 000,000 4<ri per cent, one-year notes to a Boston syndicate, which offers them on a 414 per cent. Income basis. Tho Bank of Eng, nd bought £43,000 gold bars In the < pen market yesterday. Gold to the amount of £65,000 was en gaged for shipment to South America. Albert B. Forbes, having been ad mitted to the New York firm of N. W. Harris, the name of the Arm there and its Philadelphia branch lias been changed to Harris, Forbes & Co. Messrs. N. W. Ha'sey & Co., of Phila delphia, have awarded $100,000 Saginaw. Mich., 4 per cent, bridge bonds, duo October 1. 1923 This Issue has been approved by Messrs. Storey, Thorn dyke, Palmer & Thayer, of Boston, Mass. Tlie Philadelphia Stock Exchange has ruled that Interstate collateral trust 4 per cent, bonds maturing 1943 shall be a delivery which have attached to them cash In substitution for all unpaid coupons which have been detkehed. FIND THREE DEAD IN SUBMARINE. KIEL, Germany, Jan. 18.—The work of raising the German submarine "U. 3," which sank to the bottom of the harbor yesterday, was completed early today. The three men who had re mained In the vei-sel during the night were found dead In the tower. The commander was one of the three. 5,000 DEPOSITORS ANGRY. NEW YORK. Jan. 18.-Flve rhou«and angry Italians gathered last night In tho neighborhood of the private bunk of Joseph Rubano. In upper First ave nue, clamoring for their deposits. An Involuntary petition In bankruptcy had been died abalnst Rubano during tho afternoon and the news spread rapidly. GERMAN SAVINGS BANK! 5 72 HWOAI) STlVlSBT 4 PET CENT. H.TEREST ON ALl SUMS FROM S5 TO SITOl The Hoard of Trustees’ at their meeting h. Id on l> c mber58, Wt , dlr eted Interest to be paid for the p ist six months to al d posltors entit jd th reto under the by- iwa, at the rato of 1 uer t ent, p r annum on all sums Irom $5 to 1, jm „r less, and at th rateol i'.^ per f nt p r annum on the part of any d posit m excess of si.u a I ayabie on or a ter .lauuary 5, IS 1. l)e os is ins ledur nt h • dr t thre • lays of any mouth draw 'merest from the Itr* of that month. Heiosts mat aft-sr the third day of any montu draw intcreat I oil! the lirstday ofth fo lowing mouth. OFF’CET* GOTTFRIED KRUu j 21, John Flirhrr, Hit-bad T. Harr*-it. 2«l Vlce-Pre*. Wm. d. E miHiTflB, aud I rraa. Tiiusreii Hl< haej T. Barnett. Au*. F. William F. Hoffmann, Will! II. Barkho»n, Wm. .1. F Fiedler. Gotti lied Krueger, Her man Hoi nerr iun. Jr., J^hn Flacher. Robert A. Omxiroe, M Byrne. rhr W Felgenepen, Ouatavua HtaeMin, John J Riirkharfts F Allrert Hahn. Wm O Trautweln v — .——- - * BRAZILIAN GOVERNMENT REDUCES FLOUR TARIFF. WASHINGTON, Jan 18— Irving D. Dudley, American ambassador at I.lj de Janeiro, has advised the state de partment that the Brazilian go em inent has promulgated a decree grant ing a pieftreatial tariff reduction < f So per cent, on American (lour, to l e come effective Immediately. The prefcn ntlal reduction of 20 p r tent, accorued last year to flftien it cr commodities of American msnulucture has been continued this year. Tluse articles are condensed milk, rubber gooi.s, clocks and watches, Inks, i a nts ; and varnishes, typewriters, re.rige a j tors, pianos, scales, windmills, ie., en„ dried lruits, corsets and scoool luin ’ ture. BUSINESS MEN TO HOLD A MONETARY CONFERENCE. WASHINGTON, Jan. 18,-The plan I of monetary reiorin reported to the National Monetary Commission by ben IUOI Aldrich, at JKhoue Island, may be discussed today when tile business men's monetary conterence is cun ' vened under the auspices of the Na tional Board of Trade. Many commercial organizations be sides those directly ailtllated with tho j National Board of Trade were Invited to send delegates to the conference. At the morning session the principal address Is to be made by A. Platt An i drew, assistant secretary of tbe treas . ury. In the afternoon Representative ( Vreelaud, of New York, vice-chairman of the National Monetury Commission, and Irving T. Bush, of New York, are . scheduled to make addresses. The banquet tonight Is expected to bring together many advocates of monetary ; reform. Secretary of the Treasury MacVeagh, Ambassador Bryce, Repre sentative Moore, of Pennsylvania, and I Wilbur J. Carr, director of the con sular service, are to speak. Senator ; A'drlch Is on the program for an ad dress, but has gone South to recuperate and will not attend. THE CHICAGO MARKET. CHICAGO, Jan. 18,-Sleet damage extending from Illinois to Kansas turned wheat prices today In an up ward direction. In many places where the Illinois Helds were covered with a glaze of Ice a deep snow w |s report ed to have fallen on top. Kansas C.ty reported that the fleet would i rove In jurious in the extreme, having spread i over the section where wheat locked the best. Because of tho relatively slight response made by foreign mar kets following the advance In America yesterday, the market here showed an easy tone at the outset. Off, rs, how | ever, were scarce, tho hears being timid Quotations opened (he same ns last night to % below. May started at ■ 1.01% to 1.03%, a loss of % to %, and then rote to 1.01%. Argentine news regarding the corn I ouilook remained bud, but the effect ( here was nearly nullified by the fact 1 that Liverpool prices kept almost fta ; tlunary. May opened unchanged to % ; off at BOV* to 60%. and advanced to | 60%®%. Oats though dull milled with wheat and corn. May started a shade down ; at 34%, but sold Inter at 35®36%. Provisions were slow with prlco ; changes of no great consequence. First sales ranged from a shade lo.ver to ; 2%®6 up, with May options at 13.06 for pork, 10.10 for lard and 10 06® 10.07% for ribs. THE COTTON MARKET. NEW YORK, Jan. 18.—The cotton market opened steady, at an advance of 341 j points on covering l>y recent sell ers, buying of the near months by spot houses anil some Ireeh support trom bullish sources, which waB undoubtedly Influenced by the larger English spot salts and relatively Arm cables. Pri vate advices stated that Liverpool hod responded to bullish trade reports, and it was rumored that one of the leudlng English authorities had Issued a circu lar reiterating an American crop esti mate of 11,6iW,OoO talcs and again plac ing the probable consumption at 12,6 k', (k>0 bales. The advance here met con siderable opposition, selling be.ng en couraged by reports that South Caro lina mills had decided to curtail, but the market during the middle of the morning ruled some 8 to 12 points net hlgner. Private wires from Dallas reporting rains In the Southwest probably helped to check the advance and fluctuations during the late mornings were more or less Irregular, but generally speaking • fferlngs were well absorbed by a con tinued demand from trade Interests, with prices at midday holding a net gain of from 6 to 9 points on old crop months. Business, which hud been ac tive at the start, became rather quiet during the middle of the day, with nothing to Indicate any broadening of outside demand. The market became firmer during the noon hour on continued support from trade Interests and private advices from the South, claiming a big spot demand, with prices selling 12 to 16 points over the closing figures of yes terday. Realising caused slight reac tions, but Hie market seemed very’ steady within two or three points of the best during the early afternoon. WILL MODIFY FORTIFICATION BILL. LONDON, Jan 18.—Dlsi atehes from Amsterdam state that the Nether'ands government will modify the t roposed bill for the fortification of Flushing with a view to meeting the objections of Belgium and France. STEPS TO nPMTM IN AIR HO' P. STROULSBCRG. Pa.. Jan. 18.—Mrs. MPTael Dorsey, a resdent of Shawnee, on the Delaware, met deutli In a pecu liar manner The woman went to the river, near her home, to secure water with which to prepare dinner. Going out on the ice that skirted the bank, she accidentally slipped through a hole. (Itar want at* ire read by paepla who are huyern advert'' |fn the Star I I I Byrne & McDonmll Members of N. Y. Stock Exchange 776 Broad St, Nswark, N.J. WILLIAM F. KING MANAGER. TlCl.KrilO.NIC 1SU0 MARKET OFFICE ! 52 Emdvny, Ken York Charles A.Stonsham&Co I IHming Curb Brokers | (4 Broad S'raat, if aw fork SPECIALISTS IN ALL LISTED AMD U lLISTEO SESUMTIES Cp-to-dato reports , SENT I’HER) roofntnlna latest nut h.ntlr Information on my stock you may be Interested In. RATA m. I SHED 1881. WARREN N. IRUSOELl & GO. Oea'ers In Stocks and Bonds Dank, Gan and Insurance Stock* a Specialty. High-grade Investment Securities. 78) B-.OAD SThEET AMERICAN CONTRACTING FIRM CLOSES BIG DEAL. NEW YORK. Jan. 18.—McArthur Bros., of this city and Chicago, have been awarded the $3,000,000 contract for building the extension of the Lehigh, and New England from Danlelsvllle to I Tamaqua, and which is to be com pleted and in operation in April of next i year. _| I The extension will be thirty-two miles I From Danlelsvllle It will cross the Blue Ridge over easy grades to 5 ; Lehigh Gap, where a river bridge, to ! cost $1,000,000, will he constructed across the Lehigh, 110 feet above the water. Thence the line will be extended I through the Lizard creek and Mahoning valley* to the collerles of the Lehigh Coal and Navigation Company In the Tamaqua region. The Lehigh and New England, which extends from Slatington, Bethlehem and Mart.n's creek on the west to Campbell Hall, N. Y., has at present 170 miles of line, and, besides gridiron lng the slate, cement and iron sections of the Lehigh Valley, Is one of the principal Pennsylvania feeders for New England truffle. Jan important liability CASE ON AT ALBANY. ALBANY, Jan. 18.—Perhaps one oi the most Important cases before the | Court of Appeals for years Is that of Ives against the South Buffalo Rail I way Company, which was argued yes terday. The case involves the constitution ality of the acts passed at the last ses sion of the Legislature, providing for graduated scales ot compensation for employees Injured in certain specified dangerous employments. In this case an employee of a railroad was Injured. Other States have adopted legislation along the lines of the New York State statute. The plaintiff In this case was hurt by being thrown fiom a car, and no claim Is made that the railroad com pany was guilty ot negligence. Louh Maishall and Charles B. Sears, of New I York, argued the case for the defend ant railroad company and Thomas C. j Burke for the plaintiff RECIPROCITY TREATY SOON. OTTAWA, Jan. 18.—Sir Wilfred Laurler, In the House of Commons in response to qufstions, said that Com mons would not have an oppoitun.ty to discuss the reciprocity treaty with the United States until It had been ne golaed and signed by the high contract ing patties, when Parliament would simply be asked to ratify it. This Is taken to indicate that a treaty has been practically agreed upon, and tnat It will soon be submitted to Parliament lor ratification. THE LONDON MARKET. LONDON, Jan. 18.—American securi ties opened steudy and about un changed today. Fair buying of the leaders followed and prltes advanced a good fraction. At noon values ranged from unchanged to T* above yester day’s New York closing. Canadian Pacific declined a point on poor traf fic re: orts. Prices eased off Inter under Wall Street offerings and the market clo ed quiet. Canadian Pacific declined a point on poor traffic returns. /D0PT STANDARD CODE. NEW YORK. Jan. 18.—C. Cl. Pm'th, re rear)’ of the German-,'.m rban In durance Com pi ny utid author of the national board s standard building code, received word yesterday th it nine Ohio clt.es bare already ado • ad laws modelled on is work and tha as many more will do so b fore the y a Is out. The cities named are Akron, Fremont, Lima, Lorain, Ham.lt n, Norwalk, Tiffin, Sandusky and Youngs town. STAR WA1VT ADS 1111180. RMt’ITt.