davidaulloa/AmericanStories huggingface dataset:
Der Deutsche correspondent. [volume] (Baltimore, Md.) 1841-1918, 1914-06-13

5euer-&eriiderititgen.
,,9lphnl Sninranee 50. Of 2iuerpgul," 9enrb Wt.
gSariieO Reii6en5s Uluunger, 10t-103 @6aup
bcr of Commerce NuilOina.
,,errmanla GenrrnerEnernn9e geienIdalt"
Valiimores uno Nort5sStrobe.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21
LEHTGH NAVIGATION
BENEFITED BY
NEW COAL RATE
Other Anthracite Shares
Only Lightly Sold on the
Philadelphia Exchange.
Market Exceedingly Quiet

The chief topic of discussion about the
financial district In Philadelphia today
was the latest action on the part Of the
establishing OF freight rates on anthracite
coal. The iO-cent cut naturally affects all
the railroads entering this CITY, the Sc
cureties OF which are largely held by
citizens OF this Commonwealth.
There was however. less selling of Le-
high Valley. Reading Pennsylvania, ETC.,
than might have been expected. During
the first hour only ~ shares of Lehigh
Valley appeared on the local tape, 10
shares OF Pennsylvania and 80 shares of
Reading moderate amount of Lehigh
Navigation certificates changed hands at
fractional advance.
The rise In Navigation may be attributed
to the fact that as a railway the COM
pany does not enter this city and Is
therefore not answerable TO the new rul-
ing, except that the reduction in carrying
charges should indirectly help its busi-
mess as n producer OF anthracite. Key
stone Telephone preferred moved up q
fraction, and Cambria Steel displayed
some activity around and below i3. United
Gas hardened slightly. The local market
as a whole remained almost stagnant
throughout the day.
In the afternoon Lehigh Valley lost over
2 points on small sales. Reading and
Pennsylvania were relatively steadler. u.
S. steel weakened, in sympathy with Its
New York quotation, declining ~. on
the other hand, Union Traction moved up.
The close was dull.
Trading in bonds was quiet except for
some additional sales of Interstate Rail-
ways As under the rule Four thousand
of these changed hands Mt 55iR, This is
understood to about clean up the Leiber
holdings of securities listed on the local
exchange.
Reading As moved UP on light sales to
e2M and Philadelphia Electric 5s also
showed firmness.
There was little or no change in the
money situation in this city Call and
time funds were readily obtainable and
rates were about the same as ruled last
week despite the rather heavy loss In
surplus reserves reported by the banks
in their statement today. Loans only
Increased 1921. 600, Notwithstanding the in
creased activity shown in the stock mar
ket here last week.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21
E. B. MORRIS AGAIN CHOSEN
GIRARD TRUST PRESIDENT
other Officers Also Reelected at
Annual Meeting.

Effingham B. Morris was again chosen
president of the Glrard Trust Company
at the annual meeting of the stockholders
today. The other officers were reelected
as follows: Vice presidents, William NJ.
Ely, Albert \. Jackson and II. s. Page;
treasurer, George II. Stuart, I'd; secre-
tary, Samuel w. Morrls assistant treas
urer, Thomas S. Hopkins. The following
managers. whose term Of office expired,
were reelected for four years. Edward
j Berwind, Randall Morgan. Edward n
Stotesbury, Henry B. Coke and Edgar c.
FELTON,.
The annual report submitted to the
stockholders showed profits for the year
ending November 30. 1914, of sl,076,I92
The usual contribution of $4,000 was
made to the employees pension fund
$780, 600 was distributed In dividends and
the balance, amounting to si66,792, was
carried into the general undivided profits
account.
During this year OF business depression
In the United States and general war in
Europe. and in accordance with the es-
tabllshed policy, this has been recognized
by reducing the book value of the in
vestments by marking them down on an
average about 6A points. Upon the total
sum, about Sl5.O0O,O0O, at which they stood
charged, this adjustment amounts to ST.
029 1888.
The undivided profits account stood on
November 80. 1914, at Sl,13T649. The cap
ital and surplus remain unchanged at
81, 500 OOO and S7,5OO.OOO respectively. The
average of interest rates secured on col
lateral loans in the banking department
has been 4.9l per cent, against SOL per
cent. last year.
The total number of accounts In the
trust department is now 2l94, an increase
OF l6f during. the year of total APP
proXimate value OF S11l 100000, exclusive
of certain temporary trusts. against $685.
100000 last year. The number Of deposit
accounts subject tc check is 1928.
The company was appointed trustee
registrar, and in other fiduciary capacities
in 10 additional corporate matters durina
the year, representing issues of S2l l0O0.0 .0Ot
of securities making the present net tota
of such issues over 81 Sl5OO,O93OOO.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21
1890 to IL A. M.
IL to 11.3o A. M.
old under rule
1880 A. M. to 10 M.

Penna .... b3A 10 Union Trac.. 40
do.-.....,. 3&
BONDS.
1000 SPANISH American Iron 8s,.,...... zoos
1000 Interstate Rwy is...,..........,. 56A
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21
POULTRY

Ply and sIeady, with trade fSir. Quota
spring chickens aceordag 351 20 quality ioaiSSS
turkeys. l6nlsc.; exceptional lots i0c.; ducks.
welghinp 2,lbs and over apiece, per pair, 60c,;;
weighing 1bQlA lbs, apiece, per pair. 5O455c.
gnineas, old, per pair, 4oc.; pigeons, per pair.
DRESSED D-Demand fair for fine desira-
cd ageS rays e Eash %S %sn
&e &Gqney aveasSc sss I.esSa sTS f8 oSf %s'f 3
@ NE 4 rs; APIECE, IT,; a., 3s% 3asgi% rs.
Under 129ISS; t5Eis' %iS' b9GIsG. drytPscksd@
iie:j do, lbs and Under, .,i3ai8s,i oiii
Nesrby, aEsa SS lbs. = pi sPisce' % aO@2as do'
fair TO good, IG4 lsc.; Western, = az lbs.
Ing chickens. dry-packed, in boxes~Mllk-fsd,
rs TO "a lbs. to doz., % 2sc.: milk fed. 25 to
to dos to IS 10 y So % bs h os 10
iiifc.i miil-ted. 81 70 ~ lbs. to doz.. IKE;
fed IS lbs to 20 dos HS i7c HRzi g lbs % ana
over 1sc. eor9-fed, - e 20 lbs. to doz; 70 9
l5e.; eorn-tsd, 4s lbs. and over to doz re;
chickens, dry-paeked' % in Sbis4western. o"i milk.
Ied d;, dsTy-pieked s. lbs and over, i5Gi western
lbs. 14Ro.; Western, mlk-Ied, dry-plcked,
mixed weights l4ml4hc.; Western, ullk-fed
2h fa lbs. lae: DC Western, e%orp-fed % lbs and
lie; Western, corn-fed', ~ lbs; 14c.; West
@ ducks i4Si5o. Spring Ts geese &C. i2@isc. 6rsR
Squads . Gsr aoss9n,Thle e NY 14 ESfshns 4 70 e
lbs. @ ,BsT dossn, das S25$S5 DO. .' knt! i6s Ds.
al T5; dark and No 2 bOe pSi
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21

The spot quotation for raw sugars ad-
vunced 10 points to 413 cents.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21
Philadelphia Markets
GRAIN AND FLOUR

wHEAT.-Receipts 2727s1 bush. There
was a fair export demand and with stronger
outside advices prices further advanced &c.
Quotations: Car lots, in export elevator-No.
2 red. spot and December st.26@i 27hi No.
? red western, Si.30dt.32; No. Northern
Duluth St.8ta1.26.
CORN.-Receipts G526 bush. supplies
were small and prices were asain lsc. higher
lots for local trade. as TO locatlon-No, z
yellow, new, 13TT9hc.; steamer yellow, new
flhdT2c.: No yellow, new, 7OdiOhc.i sam,
PIE yellow. new, 66l5q69ci new COD per ~
OATs.ZRecelpts 17,O51 bush. The mar.
ket advanced &c with demand absorbing
the limited offerings OF desirable stocks, Quota
tions; No. white, 55655iac. standard White'
5iN5AHc. No. 3 white, 53ts6blc,
RYE.-Scarce and 1c. higher, with dea,
nand equal 70 the offerings: Quotat Ions sl.Vo
@l1S per bushel, as to quality and loca Won s@ion 400
FIOUR.-Receipts, 1880 bbls. ana e9o'eVV
lbs. IN sacks. Mill limits well maintained pgt
trade quiet. Quotations per 1915 lbs.l In .W9991;
Winter clear SI,s5a5i do, straight, Soil29
5.35. do. patent S5.50G5sJ; Kansas, stralEht'
lute sacks, t525a5.503 do patent iute "a eks' 5
S56Od67h; spring, FIRST. clear, ~ 2oaiostV' 10,
straight, S5.5Ofl5 10; do patent S5.I5dg: iaE5 i5
orite brands, 50. 15G6 30: city mills choice anu
fancy patent, s6l5d050; city muls, Ie9uthdt'
ErHdcs-Winter, clear 81 SAith; 90. sVulb"t'
S5.tbd0 25; do, pa tent sSbOd6.So -,
RYE FLOUR,-tn small supply ana III ~, a.,
but quiet. We quote nearby and Western III
wood AT S0T0 70
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21
Heavy Shipments Of Coal

WASHINGTON. Dec. IA total Of
n. .60s. .4s4 tons o. coal valued AZ ss5, sz5 ool,
we're shipped from the mainland ports OF
the United states in the fiscal year 1914.
ported. This Was the largest on record
except IN 1918.
~ MS total is.6s4.oSo tons went 20 for
eign countries 7s1, ,sl8 tons were put on
vessels engaged On the foreign trade Cor
use as fuel and ls3 50l tons went 70 Hawaii
ana Porto Rico
Since the outbreak 81 the war It4iV has
become laFge maFkst Tor American ccal
i total of tst.iH tons going there O. tha
four months ended SIN Qesober Fhis
aaa zoalIe the aFaEea flz rae period izaE
eezr HararE7 s. M14iea. AFaealiaa
fsz SO IeaSezF aIsq Hszs aeIsaaea
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21
23o to 8 P. N.
GoVERNMENT BONDS

g g Cam Cam a.ssi Sssi' .ssis ssS'.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21
SPECULATORS BUSY
IN WHEAT MARKET
AT CHICAGO TODAY
Little Export Business Re
ported-Upturn Leads to
Large Profit-taking Sales.
Start Easier.

CHICAGO, Dec. 21-speculatlon in
wheat was heavy today. but little fresh
export business was reported. Most Of
the cash houses Withdrew all offers and
one concern raised the premium &c.
aoove the prices prevailing for futures.
The upturn led to large proft-taklng
sales. which caused reactions from the
best figures.
The start was a little easier and quite
disappointing, in sympathy with a decline
at Liverpool. All offerings, however,
were quickly absorbed at the decline
which followed to about half cent.
Country offerings of the cash article prac-
tically ceased Prices for cash wheat
moved UP sharply in all markets, par
tlcularly at Missouri River. points.
Corn partly followed the strength in
wheat. The weather over the entire
belt favored heavy feelings. The East
ern shipping call was moderate and the
export demand did not follow the ad-
vanced premiums asked by cash handlers.
a large run of corn arrived here from
Illinois and more Is expected New sales
or consignments we're limited.
The visible supply increased S,lo1,OoO
bushels for the week to l3, 1925 900 bushels.
Futures closed 4 to iac.
There was some hedging of cash oats
by local people, also fair buying of fu-
lures by export houses. Export business
was not at all good. The visible supply
decreased 50l,OOO bushels for the week
to 3f6S3O0O bushels. Futures closed sc.
lower to isc. higher
Provisions were higher under free buy
ing by local shorts and fairyl good ad-
ditlons TO the investment call There was
considerable profit taking on the swells,
Leading futures ranged as follows.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21

70 gS9 qsIo5 Az Rrgsa Psd g 81, 50 s's'l' soy
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21
VEGETABLES

Demand faIr flT desrable stock and values
generally well sustained. Quotations; White
potatoes, per bush. Pennsylvania 5sdd2c.
sey, per basket, s5q4oc, sweet potatoes, East
ern Shore, per bbl.-No. l. S2D2.75; No. 2, St.5Q
saa3.5O; No, 2. s282.25i sweets Jersey,
per basket. 6OqT5c. Onions, choice, pei
Csc; de-. choice, par lOO-lb bag, 81 25RI SO;
DO, medium, per l00llb. bag. s5cdS1; do. sec,
onds per iOO-ib. bag dQdT5c Cabbage, do
nestle, per ton. SS0a, do, Danish, per ton
SlOal2. CaulinoWer. New York, Per crate, 75s
Kaie. Norfolk, per bbL. 6580Oc. Lettuce, Flor-
ida, per basket Sinl .6O do, North Carolina
uer basket, l0MT5c. Beans, FLORIDA, per basket
S3di 30. Peas, Florida, per basket, s2,
Hb Eggplant, Florida, per box, 50 5Qd
a Cucumbers, Florida, per basket, 81 T5U3. 81
SQUASH. Florida. per basket Si,5O42. Celery
New York per bunch. 25d45e, Mushrooms
per Alb basket. Elul, 80,
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21

10 u Steel -. 50Jt 40 Tonopah Min. az
Penna ..., SO 1916 50 Penna .3 1915
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21

BUTTER.-Recelpts OF fancy stock were
light and the market ruled firm VIII Win IunrK uSHo
fair. Quotations: Western, fresh. Bolld-Ies,,N : :
ed, creamery fancy specials, 3Bcs; extra, S atSs
extra hrsts, 92d33c. hrsts, 30d9ic,; seconas.
2Bn2Sc.; ladle-nacked. 2l023c., as TO quhntg' :
nearby prints. fancy, 31c.; do, average extra,
35d3Gc: do, firsts, 32G33c.; do, seconds 2se9
agate
EGGs.-Demand was sufficient TO HhsoEb
eggs, valuea of which ruled steady Quota
doz: nearby drsts $40 40 ber standard case:
yood nearby, current reCeipts, Si2 per standard
stock. .SlO, 2Oaii.iO per case; Western extra
iirsts Sll.e0 r;r case; do iirsts. Sl2 per case;
Southern, S11 .iOn12 per case. Refrigerator
eggs, choice and fancy fall-packed, 2Td90c. !;
do. spring pa ckcd. as to quality 2in2Bc. per
doZ. Fancy selected cnndled fresh eggs were
lohhed oiit AT iTdi9c per doz
CHEESE;-Quiet with moderate but
ample offerings at former rates Quotations;
New York, full-cream. earlier receipts. choice.
l6-.; DO, do, current make, choice, 15dlblhc.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21
DJvIDENDs DEoLARFD

Ths Chlcaso Railway Eaulpmeht Comuaus
regular qannerly q - per cent. payable De-
sbrinaneld and Xenla Railroad Combany. ]
per cent. pa4 4ble uacemheg q b stock 81
fae1fd December ll- EuE 1913 peg efnt.
aaR laid on che con mon.
3fias Hil end sehuflEl Haxsn RaiIlead
CaIHr1aV .# nol cent?. DHHan.o January 1H tl
afoe1 ef record EcalIateE ~
AHaFiran rloIie utsilIel oqnpa1H res.
uEar c4artsHF of ft nsF eeal uH srafezfad
at's leHteFt 9 sters g resofd ne
aal sd sbnu haven aaasoas
IaI0.H raf aua.Is
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21

UTTlWNIEU THII'I ITTI % WIN
details and comparisons follow:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21
FRESH FRuTTS

The market quiet and Without In
Iork; gsr 99Gl;-KinE. ,ss2J ,ss2J36a,5 ,56 Baldwin;
95O: other goOI eating varieties. 81 T5d72 81; 7;
medium. slaI1 .5o 9pples. Western. per box
Slml5O: apples Delaware and PennsylYa Ia,
Ter hamper. 5OaGOc lemons per box S3a4
oranges, Florida, per box 81 50q2; tan
gerines. Florida, per strap. S2nA: Crane
fruit Florida. per box. 81 95d2: plneapples
per crato-Porto Rico. 81 2563; Florida. S18
$50: cranberTies. fancy late varieties. per
bbl 81 T5d4.2b; crlnberries, Cane Cod Early
BLACK, per bbl S3di cranbeLriea; Cane Cod
Iles Jersey per crate crate 53e Gsi 25i pears New
InWell. S2n2. 80. other varietes S2a3
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21
12 to 1880 P. M.
1880 to / P. M.

y PBslasln Pssns Pfa.i93S Is Cam steel. 4'
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21
NEW YORK COFFEE MARKET

NEW YORK Dec. 2t.-At the opening the
New York coftee market showed a continued
weak tendency. Mach. 6,3oa6-4oc, May. 6 70
"a bS, June offered o. $50; July T.230
/. 4sc.: September. I4TaT 4se.; October. T,53s.
bid: November, T-6oc. BID.
q 28ds 2se.: February, $3.50 6a4c.; March,
64id6 i8c April, 0n6.62c.; May o bafi
& 6Oe. June, 049aG50c., July, I.8Ia asc,
August Tl2aT. 4Sc,. September, 1901 SOC
October T. 18nT.5Tc-; November, f-d2Q SIC
Total sales 1000 bags
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21
nHnois Central to sen Notes

CHICAGO, Dec. 2l.-The Illinois Public
Irtilities Commission today entered an
order authorizing The Illinois Central
Raiiroad Company 10 issue equipment
trust notes 20 a total amount Of s57n0.-
60o. The Illinois Central applied for per-
lnIsslon 10 issue the notes for the pur-
pose OF buying equipment and Win soon
announce the fun list Of engines, ears
ana other material desired.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21

The Cleveland courts refused to grant
the General Investment Company. OF Ros-
ton, a temporary order restraining the
directors OF Lake Shore and New YORK
Central from proceeding with plans for
consolidation.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21

The New York Stock Exchange Conn
mlttee has ixed minimum prices on At
lanuc Coast Line l07; Louisville and
Nashville, 100; seabosrd Air Line prefer
red, 49, and Southern Railway preferred
81. 10 take effect December 22
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21
LIVE STOCK RECEIPTS

CHICAGO Dec. 2t.-Foilowing are the re-
celpts OF live stock at the various centres;
Chicago-J00OO hogs, 1900 cattle, 70, 600
Kansas city-7OOo hogs. 1000 cattle. 1000
sheep.
omaha-s7O0 hogs, 1900 cattle, $500 sheep.
st. Louis-l4,OOO hogs. $500 cattle, 5000
sheep.
ST Joe-40OO hogs. COO cattle, 800 sheep.
Oklahoma City-2OOO hogs, 200 cattle.
Forth Worth-tSO0 hogs, 5000 cattle.
Sioux CIty-45OO hogs, 400 cattle, 1900 aheep.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21
COAL EXPORT STATISTICS
United States Second to Great Britain
in Foreign Shipments.

III = GbAGABh A NohA hApAiiShtss
WASHINGTON. Dec. 21.--Although the
United States produces two-fifths of the
worlds supply OF coal. II sends abroad
less than half that shipped to other coun-
tries by Great Britain, and Is only
slightly ahead OF the amount shipped
annually by Germany. This is the burden
OF statement issued today by the Bu-
reau of Foreign and Domestic Commerce.
The value of the coal sent abroad dur
ing the year, however, reached the hand
some total OF 100000 This represented
more than 100000 tons of fuel and the
exports have doubled during the last
decade.
New York handles about 40 per cent.
Of the bunker coal entering export trade.
Norfolk and Newport News about Is per
cent. and Philadelphia and Baltimore
each about per cent Anthracite coal
supplies about one-third of the total ex-
ports, Canada being the chief foreign
market. Bltuminous coal Is exported TO
about 40 different countries. but chiefly
to Canada, Cuba, Panama, Mexico and
the West Indies.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21
MORE COTTON a1NNEp

WASHINGTON, Dec 2.--A report to-
day issued by the Census Bureau shows
l3, ,977. .1S9 bales OF cotton. counting round
as half bales, ginned from the growth OF
1914 to December l3, compared with 49,
927. .42s for 1918 and l2, 439 O36 for 1912. Round
bales included this year are 1876, COM
pared with 9l.2s6 for 1918 and 75.772 for
1912 Sea Island included 7l.4sS for 1911,
SO $40 for 1918 and 6O.i45 for 1912.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21
COTTON CLOSED FIRM

NEW YORK. Dec. 2l.-After selling
about 2 to points net lower. the cotton
market steadied on very much the same
sort of buying as that In evidence to-
ward the close of last week Houses
with foreign connections seemed to be
i'm the market for May and later months,
while there was some trade buying OF
March. and a scattering investment de-
mRnd also was in evidence. Active po-
sitions sold back 10 about a shade over
Saturdays closing figures, in the after
noon closing unchanged 10 points higher.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21
LIVE STOCK QUOTATIONS

CHICAGO. Dec. 21-HoGs-Recoipts. %, coo
Market steady. Mixed and butchers, SO. 500 20; ;
good heavy S9e0GfI, ,15; rough heavy SO 6ha
S6pI7I5; CATTLE. .-Receipts 1900; market
10n20C. higher: heeves. S5.l5d0. 30: cows and
helfers, 81 iOnS N: stoCkers and feeders, S4.b
aG,65; Texans. S6a720: calves S65Ods.5O.
SHEEP.-Receipts 20. 600. market I0c. higher:
native and Western S3.5OaO.3O; lambs, S5.55
GlO.lO
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21
NEW YORK BUTTER AND EGGS

NEW YORK. Dec. NEUTRALITY-SUSPICIOUS.
firm. Receipts, 1851 packages. Creamery eN-
ira s4d34MC,; higher scoring, A6c.i state.
dairy 32as3c. initiation creamery, 25023isc,
FGGs.-Market unsettled. Receipts. 6lSt
cases Fresh extra. hTsts 80dfoc; fresh
hrsts 8Ta3se. nearby whites 4sa50c.i near
81 mixed, 3Td42c.. special marks, 235.Q26c.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21
RISE IN UNITED PROFIT SHARES

NEW YORK, Dec. H.-Further active
buying OF United Profit Sharing was
noted during the days trading on the
curb ana another record high level was
made for the stocks which sold up TO lsh.
Jumbo Extension started on new up
ward movement, selling as high as 1882
comparing with Saturdays closing price
OF 2s. Chicago and Northwestern IS when
issued were active and fractionally
higher
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21
ST. LOUIS CUTS DISCOUNT RATE
Reserve Board Considering Changes
Of Several Districts.


WASHfNGToN./D dec. 2l.-The Federai
Reserve Bank o/St. Louis today changed
its rate of discount, It is per cent for 90
days, 81 per cent. for GO days and 9 per
cent. for longer mRturities.
The Federal Reserve Board today began
consideration of the rediscount rate ia the
several districts throughout the country.
AS this Is one of the most Important
phases of income to the reserve BANKS
much anxiety is felt concerning the in
come to be derived from this business.
Although 1t is pointed out that no profit
is expected from the reserve banks for
some time to come, it is believed by NOM
bers of the board to be Imperative that
these banks should make their expenses
in order TO pay the salaries Of clerks and
other attaches. Otherwise, 1t is said.
Congress may be called upon TO extend
temporarily such financial help as may
be necessary to continue the system.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-12-21

New York banks gained &52000 from
ti'e Snbtreasury Saturday, and since Fri
day have gained ss6ls,OOo
The Bank s. North America has re-
tired $4,000 emerge ~ currency at the
local Subtreasury.
Edward r Beals was elected a direc-
tor of the Franklin National Bsnk today
to III the vacancy caused by the recent
Beale is president of John r, Lewis &
Bros. Co., white lead manufacturers
A special meeting of creditors of will
lam l.. Bear & Co., bankrupt. will be
held on January 13. 1915 at the Office or
Referee Amram. Real Estate Trust
Building. for the purpose of instructins
the trustee as TO the disposition OF books
and papers Of the bankrupt now depos-
tied with the Fidelity Storage and Ware
house Company and claim of said com
pany for storage.
The spot quotation for raw sugars ad-
vGnced 12 points to 4i3 cents.
The Cleveland courts refused to grant
the General Investment Company OF Ros-
ton. a temporary order restraining the
directors OF Lake Shore and New York
Central from proceeding with plans for
NhAlahA'NANAN'AH
Levi l.. Rue, who Is a member OF the
general Cotton Loan Fund Committee and
has been in charge of the local subscrip-
| tlons TO the fund, today forwarded 10
Secretary Of the Treasury McAdoo. At
Washington. the subscription forms OF ali
/ the Philadelphia banks and trust COM
panies that subscribed to the fund The
| forms were sent out in blank hg Mr.
/ Rue 10 the various institutions, and were
/ filled Ia by them and returned 10 him
/ The total amount subscribed Ia this eity
was $4,000.
There has been placed on the regular
| list OF the Philadelphia Stock Exchange
| 5000 additional American Telegraph and
Telephone stock.
The City Controller OF Newark today
! awarded 81 600 Az per cent bonds 70
I Kissel. Kinnicutt q Co., Of New York,
| as follows: 100000 45-year DOCK at ftOI 035
and 10000 s0-year water at Sio5.s7S.
A special meeting OF stockholders b
Tobacco Products Corporations mas beef
called for December 2s 20 vote on re-
ducing the authorized preferred stock
from 5SOOo0O0 TO s7.0o00oo.
The New York stock Exchange Com
mlttee has fixed minimum prices on At
landc Coast Line. l07i Louisville anl
Nashville, 120; Seabosrd Air Line prefer
red, a. and Southern Railway preferred
On, 10 take effect December 22