r1 -wjk-n
WAR SAVINGS
STAMPS
FOR EVERY M.13 INVESTED
THIS MONTH IN UNITED
STATES WAR SAVINQS
STAMPS THE GOVERNMENT
WILL PAY YOU S ON JAN.
UARY 1. 23'
REILLY, BROCK & CO.
IIANKi:itS
20C CHESTNUT ST.
rlMLAllKLl'llIA
COPPER
We have ltrul prepared a
booklet RiviiiK nil the latest
available data upon almost
all of the important copper
companies of the United
States, which vc will be
glad to mail upon request.
Armitt Brown & Co.
1424 Walnut St.
Members
New York Stock Exchange.
Philadelphia Stock Exchange
New York Cotton Exchange
Chicago Hoard of Trade
BA8NETT OILS GAS CO.
Producer Refiner Distributor
(I'lirnomrnit Itcoord) ,
Natrmhrr. 1010 A producing Oil Com
rtnr i"i iu wells, fM this. daily rro-
UmIt"ioT 27 producing oil wella; In
stalled own nip linn. ,,..,.,
July, lot: I'urihaeed larso Iint'llSf
F1MY. also Hi.1 tank cars; established
dlitrlMitlc stations
September. 11)17 it producing wells.
Slock Inn Bn nrtio daily market from
11.00 (ir) lo 11.50.
IHvidcnd Unto 54'i
Cl4kH
Morton II. Alexander
Philadelphia Stock Exchange Rldg.
- 57 William St.. N. Y. City " -
HBLJU,'.g
ni
Have You Ever
Thought?
I
fi "Where docs my broker secure
for delivery to me the, stock cer
B tificate I bought through him?
ff "How is this certificate trans
it ferred to my name from that of
the person who sold it to me?"
i Thescquestionsareanswered
1 in a booklet entitled
"The Journey of
aCertificate"
Among
tmonB other subjects treated ft
: Comparison ot Buying and u
ling Orders Delivery of Stock
tlnrates ltc cording and
are
Selling
Certificates ltc cording
Transferring Certificates Why n
Delays . Sometimes Occur In ,
Deliveries of Certificates,
henil for free booklet Dll-T.U.
JONES & BAKER
stock nitoitr.ns
Widener BIdg., Philadelphia
litll. Walnut lniw-l.
ty Kostonc. lluce -HUH.
ftr York ilo.ton
Ciilmgn rittnliurett .
filrrct i'rfldle ll'rrs. '
ijOSES i UMiKH.
llFMffier lttdo., VMladrlvhia. Pa,
I Semi me vour booklet i'Tli Jonr..,-,
jof h Certificate."
I Same
atu
wmmmi'Mmwmm
Cettlfled I'nlille Accountant
. LAWnENCE K. llllOVVN CO.
11S ItKAI. KSTATK TBU8T DLtX.
gSrVEdTlUATM tt ADJUST HAllTNKHMini'
COnpQHATlON Ic LIISPUTKD ACCOUNxS
I.KflAI, AnVl:KTISK1IF.NT8
U Ktr" NUTifu it
V iT. . applltatlon
.notRl; is ii
linlli uHnn Vi.
IIY (1IVKN THAT
tana l,ten mado tu tho
IMIailtlulila F.leitrlr 'oninuny ror laauanio
'' r.V "tnck certlhcatea to replace the alotk
ttrtltlCal.M III th. numn nt tlull.. 1, tn..t...
I--; - -- ..... ....u ua ..rail, ,,, .Itnytlltlt
lock certlhcato numlwrs ai.'sn and .ikiiim,
tt iiH .un,1L.,hrf8 "liarcB rCBPectlvely. In
KlilH ""-'h'hla IMectrlo Company, tho aamo
li . .. TIIOVIAS J. MtNNirif. Jr..
Ally, for i:tat of IJella II, Mctylan, Uec'd.
sriiciw. Niirirus
93p 1KAXKMN NATIONAL HANK
- theelnut alreet. wet of llroiid,
. l'hlladvlphln. Ft-b. 11, 1B1N.
' Ti.i.,hB "sulir ineetlnu of the hoard of
kirS,.or." .r the l'ranklln National Hank
L-..,lh.'? iUyi Mr- ' I' I'assmoro pre
tnU 1) k r,,"'"nat,on us vll J'realdent of
ty?t!',""l''h-J' " nn motion resolved that
me iiMr,i ,.e m.u.n.. .. .t... i.i -..
tonal Hank In neccplliij tho realgnatlon of
.'fir. r.. r I'aeHinoro ni Vlco ItresLlent. UDOil
:r- "-.tji.ntii i.i nig election hn iioernor or A
'i,."u"ai,'erv iiaim or ti.ia unmet.
J..." n f.' hli lte an ortlcer, It" satla
J J? eIlon -.,.hat J1" "'" 'onllnuo to he a. member
i Sj"" Hoard and tho conurntiilatlunM of hl
It.il.n "'".ucra upon mo nunur wiucn naa
J. It, 'jIcAI-I.TKTKlt.
r lrlilnt.
. CHICAGO GRAIN MARKET
',' r-'!!-lnr futurea ranged aa follovva.
: v-orn (new delivery) fiat.
Feb Vf.n7L "ls" ,,ow c'0" ,lu"9
llch '" J'Si's ,.:... j-...:., .:.:.., ...:.
!'"". -'- 123'. l'.'lfetl..5. 1.23U
I.. W,. mm
I '-?.'"
ts2;
ts-".
71H,
ItjitD,
,t!7. - '.
S2
7U!.
si'i
7KV.
t2',.
7UH
If" !' 7U
...rr--
;itav "'o: 721.42 J2.1.fi7
jSS S...23.UO 23.1111 23,33 'S1.4U 2S..'.
141,
i23.S0 SJ3.72
! t.t',w
l,f.'-
Vil.v "",. .. 7-'4.01 124,12
p Pork 21,JU ili0 t-''u5 t-'1'7J
lMJ ...40 00 48.PO 40 50 40.70 40 82
. , siru, .,-IUIlltl,
' Tax Lnw Tulle frtr Tlnl,L,..,.,,.,
ItV Thd Bonktoenni-a' Ttunaltlnl Aua.nl.-
,ltU)n Will hear the Incomn Ins: and tttt-ui
profits tax laws explained by represen-
Vu-. lne internal Jiovenue Col-
Stectors office at the monthly meeting to
tlnt In Fraternity Hall. 182B Areh
sftreet. J. it, McEvoy and Josenh nilv
ri ue me. speakers. Tit association,
rung a now year, Is seeking fifty cr
re now memhera.
TZrsji W w?!.
-)"-
Tgzsxjri jr jy MimNafuna
FINANCIAL NEWS
TWO HOLIDAYS IN SUCCESSION
MAKE SOMEWHATSLOWER PACE
Baldwin's and American Locomotive the Prin
cipal Topics of Discussion Gossip
of the Street
UflTH two holidays following each other to IickIii Hip week, the Hat
urday hnlf-hollday was very quiet In the brokers' ofllccs. Tho two
principal featured on the board Hero Baldwin Locomotive una American
Locomotive, both of which have shown muiaiiiil nctlvlty ipilto recently,
nt least slnco It was stated In this column on which seemed very good
authority that Jlahlvvln's would show- otiotmoiiH carnltiRs In It forlhcniiilni,
utatemcnt, which will he ihto In a few day. One of the reason given on
tho Htrcct for the advance- In HaldwIn'H stocks. In addition to Hip rumor
a to larrro earning', la that the Baldwin Company ha nltandnned tho
munitions liuslnosH and In m,v devoting all Its machinery and onercy
to building; locomotives, n business which It knows all nbout, and whllo
there were sotno profits made by It in tho munition", It Is mostiy all In the
form of real estate nnd buildings at Kddystonc. Theso will eomo In
very handy now In the Inct casing t,f Its plant capacity, as it Is pretty
generally known It has orders for locomotives for n long time to come,
with guuruntecd lirofltM. ,
.juniu uiukvi-h nuim tnat American Locomotive) siock nctcd in sym
pathy with Haldwln's, nnd that tho snmo reasons for the activity In Ha'.d
wln's appl.es to American I.oi.omotlve, though perhaps not In so great
degree.
Trade cx.ijrts estlmata that Baldwin's must now be earning more than
$1,000,000 a week, which means that after all allowance1) for taxes nnd
other charges, net for stock Is nt tho rnto of nbout (100 n share. Moio
conservative estimates pluco It at $75 n share.
In Homo fiiarters, however, tho predictions of a dividend r.n Bald
win's was not looted upon as at all likely. Those of this opinion claim
that tho company's outstanding bank loans will effectively deter nny
rnovo In that direction. They point to this floating Indebtedness, which
they claim Is now somewhere nrotind $12,000,000.
Tho semiannual reiiort ot tho American Locomotive Company, Just
published, shows $75,000,000 ot unfilled orders on January 1, 1918. This
Insures capacity operations for nt least twelve months. In tho sW months
ended December 31, 1917, the company earned n net balance of $3,091,251
on Its $25,000,000 common stock, equal to $12.34 a share, or at the annual
rato of $21.75 a share, against $2,7D5,S34, or $11.02 a share, In tho corre
sponding six months of 1910.
Arc Investors the First Line of Defense?
It Is said that ono of tho reasons why Secretary of the Treasury Mc
Adoo has postponed till such a lato dato tho lssuo ot tho next Liberty
Loan Is because ho wants to see tho railroad problem properly settled first.
The Importance of satisfying the- owners of $20,000,000,000 of railroad se
curities, by seeing that they secure a fair Income during tho period of
tlovernmcnt control, must bo plainly apparent to tho Secretary ns unless
this largo class of Investors rnn bo u-ssured not only of a fair lncomo but
that through proper legislation tho valuo of tljelr principal will remain
unimpaired, they will not bo In the proper frumc of mind to absorb the
largo amount of bonds which the (iovernment will want to sell.
Soino bankers claim that when Secrotnry McAdoo hi his patriotic
appeal to tho banks lo Invest 1 per cent of their resources per week for
the next ten weeks In treasury certificate, so as to exchnngo them later
for Liberty Bonds, said that tho banks vvero the first line of defense;
that ho overlooked tho great body ot corporato nnd Individual Investors,
who they claim arc the first lino of defense: that the banks nro merely
tho reservoirs ot liquid credit nnd therefore only tho support, while tho
l-'ederal Heservo banks aro tho actual reserves, and that It Is the duty
of tho tlovernmcnt to skilfully mobilize tho financial strength of Its first
lino Investment army us to Judiciously mobilize nnd train Its fighting
army.
Am a matter ot fact, the machinery for this very purpose Is being
prepared and nt tho proper time will bo put In motion with telling effect.
Already there has been organized tho nucleus of n Liberty Loan cam
paign committee, mado up of experts in the handling of tho sales ot se
curities, In connection with every Kcdcrnl Heservo district. Theso ex
perts aro preparing ono of the most complete plans for the mobilization
of this first line of defense tho corporate and individual Investors of tho
whole country. They aro p-eparlng to add to their ranks hundreds of
thousands who have not yet become Investors, nnd when the word Is
given for tho campaign to begin their mobilization plans will bo executed
with dispatch.
should the Liberty Bond Market Be Stabilized?
""" "
I" supporting tho proposed $500,000,000 War Una:
bonne tho Senate Finance Committee, Secretary McAdt
befote tho Senate Finance Committee, Secrctarj1 McAdoo said tho cor
poration would be empowered to provide against a depreciation of Lib
erty Loan issues nnd so stablllzo them ns to bring about n premium on tho
bonds, nnd whllo ho gave the Impression that no bill would be offered nt
this bcssion to specifically provide for this contingency yet about the samo
tlmo Jteprescntntlvo Hull, of Tennessee, was Introducing a bill "to pro
vide against depreciation In market price of tho United States bonds or
other securities by artificial qause."
In tho large Investment houses anything looking toward such arti
ficial methods to support market prices for Liberty Bonds la not regarded
with favor. A well-known Investment banker said In this connection that
ho believed that bomo financiers and the Investing public were unneces
snrily disturbed over the number and amount of Liberty Bifida being
offered for sale. They lobo sight of the enormous Issues of Liberty Bonds
which havo been floated nnd fall to consider In this connection tho com
paratively small proportion which havo been offered. Slnco the lssuo
of tho $3,808,000,000 Liberty 4s In November last, ho said tho total deal
ings In theso havo been about $60,000,000. This, Including tho trading In
the Liberty 3'4s, Is l3ss than 1 per cent of all the outsta iCIng I.lbo ty
Bonds.
A prominent broker said that so far as ho could judge tho greatest
cauo for the Kales of Llhertj' 4s was on account of tho hardship caused
amonR many wage-earners by tho enforced holidays on account of tho .
fuel administrator's order. "To my own knowledge It has caused many
who ivero saving for their bonds to cancel their payments 'In order to ,
mako up their losses through loss of wages nnd Increased cost of fuel."
Asked for a remedy to prevent any further increaso in,iho salo of
Liberty Bonds, a well-known banker nnd broker said If In Kome way It
could bo authoritatively announced that tho next Liberty Loan would
carry nn Important feature, llko a higher rato of Interest or exemption
from taxation, and that previous Issues could bo exchanged for them,
people would strain every point to hold on to their present holdings.
If even tho next loan would carry only 4 per cent and be for flvo years,
ho said, It would havo tho same effect.
On tho other hand, homo financiers aro In favor of such a plan as
that proposed In tho bill Introduced by Representative Hull. They claim
that instead of creating an artificial condition It would remove an nrtl
llclal condition.
As pointed out In this column recently, tho true capital values of tho
entlro amount of any Issue of bonds should not bo determined by tho
results of what are virtually forced sales or sales under duress of simply
a small fraction of the total bonds outstanding. Therefore, they nrguo
that reasonable measures to maintain tho stability of theso loans ns to
tho entire Issues Is Just nnd reasonable.
England and France, It ,1s said, have had similar provisions In opera
tion for fcomo time.
"Under the operation of tho English method between flvo and ten
billions of bonds, including her 4s subject only to super tax nnd her Ca
subject to all lncomo tax, were kept cither at or within a fraction of a
per cent lssuo price most of tho tlmo during last jear. The 4s stood
above par at times. This was true, although some other outstanding
Uovernm .t litigations' bore higher rates of Interen. This .nethod vaa
almost unanimously approved In England by the financial press nnd the
Treasury and Parliamentary officials having It In charge, both beforond
after It was tried out.
"Notwithstanding tho Immcnso volume of bonds outstanding, tho
English Tret ' l; cxpendtd $132 00C,OCO under tiro oporat'lo not thh
niothod during tho most of last year.
"Tho French Government Is persistently adhering to Its law enacted
for a similar purpose nnd has recently' Increased tho allotment In the
treasury" ,
'
An analysis of earning and expenses of the Columbia Gas and
Electric System, prepared by A. B. Leach & Co., Inc., shows that during
1917 interest on the first mortgage Es was earned 6.22 times, as against
3.43 times In 1910, 2.06 In 1915, 2.06 ln-1914, 1.62 In 1913 and 1.04 In 1912.
Interest on debenture bonds nnd miscellaneous Interest was earned 23.43
times, as against 8.54 times In 1910, 3.31 In 1915, 3.46 In 1914, 3.41 In 1918.
Per cent earned on capital stock In 1917 was 5.868 per cent, ngalnst 2.35
per cent In 1916, .761 per cent In 1915, .782 per cent Jn 1?H and .438 per
cent In 1913.
'inance Corporation
'iJJjTJ
PHILADELPHIA MARKETS
GRAIN AND FLOUR
W1II:AT neelpt, 24.II2 Wh, Murkft
ptdr. Quotation-, 0r lo In mport
Humor tiiovrnmnt niandanl Imrertion).
atAndaM price No. 1 northern anrlnto
l2.L'7t J'". 1 tiard winter. tS'J't No. t
durum, lJ.27i No. 1 hard white, IJ.II. red,
winter. No 1. I2.27i do, do. No -', 12-1.
ifl. No. I IJ.'.'Si do, No. -', J.2J. Mini
mum prleea Hed, wlpler, No 3 I.! 21 tin.
do. No. 4, 12 IS do. do, No .-. 12 Km a.im
Plo arade. J2 n it 2.1,1. soft. No a. 12 In, itn,
No 4. 12, Id, do, No. f, fJ 13. aainplo grtid
$2 n2ffi.ll.
Special maximum prleea only to 1-e applied
vhn the othr iiualltla In the wheat arc
man ennuxn to warrant it
No, a wheata Maximum prlee rontntnlnic
.11 I rer rent mol.ture to 1.1 .1 pr rent
molature 4c tinder No. 1 or No. .1 re1 $2 2.1.
No. s eeft red, 12 21. Mnxlmum price ion
Hlnlni 1.1 n per nm to 14 vx-r i-ent molature
r. under No. 1 or No. 3 red. 12 22. No 3
oft rati. S.S0
No. 4 wheata Matlmitm prlee tie tmttef
No. 1 or No. ( rid, 12.21 1 No. I eoft red,
12.10
No. f wheal.- Maximum price containing
not ner 14 .1 i-tr i.nt iwdeture ! unter
No. 1 or No 3 nil, 2 Stl No. .1 enft 12 10.
Maximum pine tontnlninv not over II 7 per
cent mnlxttire 7t under No. 1 or No .i red
12.20, No r. aoft red. 12 IS. Maximum prlee
containing not oer 1,t per cent inoi.ture Kf
under No, 1 or No. ,1 red. I2.1fli No. ft Jft
red. 12 17 , , .
8xmplit wheals nandlcd on ni.rlls. loil lit
no caae ehall prices te hlshr th.in It; uiuler
No, 1 cf the eulnla.a represented. .
smutty wh.at Value eliall lw dclermlncd
hy each aamtla haela of the clal. anl i ult
class . . ,
CUHK Offerings were very liahl nnd
nluea were entlrelv nominal
OATS Ilecelpta. 10.SI-' lUll The iniir
ket rui. d tlrm untTer llnht offerlnKs and a
fllr demand funlatlon- Nn 2 while, iji'ij
1 Oil",, "tandard Mhlte, lillllWI'li, No 3
white, "t'x 1i Din, v. No 4 Mhltc '7'iKnsf
Kt.Ot'll-llei.lple, ISO liltl nnd 2 Ml.r.ito
lbs In sack. Th- market rule. I (Irm under
lisht onerina. nn.I a rnlr mi""11
Uuoiatlona. Per 1ml lh In wood Winter
etralahl llu.r.n in ;s. Kineas, pn.nt.
ill '. Mtf It 7.1 eprlrnc Orel i-lf.ir. epot.
iln..intTln 7.1 do hakera' pnteiil, fpot.
ill. 7(14' 12. do, patent, mill shipment. II" :
( 10.(1(1, do. famll hratids. elttt. ill iflj,
city mill.. r.Btilar urndee, winter, etrolBht,
110 ItOVlO 7.1 Quotation" per 1ll lh- P.' ked
In OS-lb cotton ancka Winter wheat, p., per
cent rpur. nit u.,ir in ,,ti. ixone ti-. t-,
.tri.il ni, .H.atM.n i . limiflil.. t,nd ten
tiers, smoked 3. llf hams 143 Tork,
tamllv IMlttSI 50 llama, H 1'. cured, loose
271! S7,2ic do, eklnn.J. loose. 2flt"27e: rtc
do. smoked, 27V, 2R'-, c! other hams,
moked, city cured as to Hand and nve
raae, 2it W2i)i,e. haina. smoked, west
ern cured. 284 u.'O'jc. do. lolled, bonel.sa
40c I'lcnlo shoulders H. I' cured, loose.
4V,Cido, amoketl. 23i,c. llelllea. In PjckK
according to average, ioos., 30-. llreaktaat
acon. as to brand'nnd average, city cureti.
BSci do western cured. Ode Lard, west
ern, refined 27CT2CC do. pure city, ketie
rendered. 2,i?2Sc.
RKKINr.I) SUGARS
The market rillfd ateatU on u basis of
7 4.1c for extra tints grtimiUtrd
DAIRY PRODUCTS
i'IIEKsK Hemnnd was onli moderate, tun
tho market ruled Arm l"he ,iuututliin New
York, full cream. fnt, June, 'jit'x If -n.
epeclil" higher, do. d fant. heptember
laade. 2Gc New- York, full t nam, f.ill made,
fair to good s.ltsr.1
llt'TTKIl ruled tlrm with demand absorb
ing tho orferlngs of ilml.e stork IJuotii
tlons Solld-lMi kit! iiennitr extra o2e.
hlvh-seorlnK goods, .'.n 'u .' I. . extra firsts. 40
(:0c. Ilrsta, 4itHfiC. e,rund. 4,",ltf Hie. near
tu prints, fane), .".il, . atrnu 53 Sic.
Ilrsla 4Ur.Oc; seconds 4",W47c, special
brands of prints Jobbing nl ."WfiW-
F.tltIS Fine fresh egxs ruled tlrm. with
e falrl netuv demind Keielpts were Haiti
Th- auotatlona lunged os follow Fre
rass nearby firsts 110 so per standard
ense. current receipts, linen per case, west
rm, i xlra firsts, ild .n i-r case, rirsts
till 50 .-r ias. finey selected KB were
jobbing at IllxjdSc rer dor.cn
POULTRY
T.ll'i's.S.iir.nllr warn siniHll find tilt tllHr-
kt rulM firm with dpinarul "quf.l to th
oiTt-rinBi ijuotntiom rowm, tM.r niiiii.y.
u-lKhlne n lt'i. nplt-t nn or, .uw.hp, o,
ahull . niairtltim HlKTl -T?.V I 'hifkftl!. HtllX
infatM. i'sif 32f. MttK-rv inuni. rnoHtern 1'ti
i.J7i old rooBlr, L'SfTlMt. d'.cku. IVkln,
Wtfair. .lo, Irnllnn Jlurinr. JhWllo,-, k--.,
''Rai, en nrflK. rif-r tiilr. MMCHie. llCton.
oM, prr fair, mwWlbc, ilo, younB. t ualr.
UU)rt
IIti:tSt:i Th nirftk' ":lt'l firm. with
ilrinHn4 riirlilv ftbuorMnsr thf nmitca or
ferlmtn of fanty ijualltlei Tli quo
tftllofift .iTowlii. 12 to bni. ri,lltVr...
lr-plcku, fancy nlnftnl 31'jr, tin, w.ifch
inic 1 lb. ami ovfr aplfit. 3U ilo. welkli
lne a:j lbf. nplcr .1Ml;KI !n, wplnhliKr
;i IH. rtplcic. 'Jl'cT;in. . (H, in bhis , run.;,
lryptK-4l weluhiiitc 1 Ms. and otr uplfte,
;34c do. wt-lBhlnit .T lui nult-r nutCUi'
.1 amnllar ol-irii ''7 St ll( Hill riimalfTsl drv
picked, 'JttV Itro.iliiK thlrkenn. ulctilns li if
IUi. apiece. Jertw-y. rancy, iuiujc. oo, ir
trinlnw tancy. 33-sc: do, othvr nearby. .T41I
Stic, do. western. Al-SCSflc ItoantliiK chlk
ena. wMtrrn, In Pot-., welhlnc 4-i lbt.
nnd oer nplt-rt. 3Jtf33c; da, wli,hln,r A
Iba. aplfr. 31c, do. weUhlnif 3! lb$.
HPtere. 20V30c, do, vre!thlnB S-i 4f .1 Ibn
aplvco, 2Tt('Hc. do, wi-strrn. In bbln . wrlsti
I nit 4ll lb, and over apiece. 31r; do. ielh
lne 3S 5J- Ibi apiece, iM.WHOc, do. welghtnz
2Vi (jf 3 lb, aplere, 2TW2ic, caponn, p--r
lb., weighing SStlO Iba. apiece. 3SctTiUc;
tunaller elza, SOS? 37c Turkee. frenh
ktllftd, nearby, iprlng, dry-pleked. fancy,
8U4f.0c, do, fair to good, 32P37r. Turkeyt,
Mcttern. drvplcked. fancy, UltDSHc, do, f.lr
to good, 32f?3tk Turkt?ys, old torn. 3lO
33c i do, rommon, 30c. Duck, weitern,
neighing 4 lba and over aplecr. 30CJ3JC. rib,
do, emaller alzen. 28 O 29c Geeae, nearby,
2JJ8c; do. wratern. 231f27c. Outnean p-r
pair, weighing 3-i 4 lbs, per pair, HOf"3cj
do. mailer alzea, 40l?snc. tjnuaba, per dozir
White, weighing 11?12 lb. rer dozen,
3Vr07 23; do, do, weighing UOlO lba. pr
doren. S'i 2ft 73; do, do, weighing H ibi.
t-cr dozen. t$Vl 73; do, do weighing 7 lbs.
per dozen, ti.M't&i.lo, do. do, weighing
.itfQ-n lba. rver dozn, IJff3 73; dark, $1
siT.all and No ''. 73C&I1.75.
FRESH FRUITS
Cholo ntock ruled firm with demand fair
anl oirerinKa oniy nioaerate itie quutu
tloni were n follow a. Applen Dr Mil
Jonathan J5SfH3(. King 44 ijOfcHl Wlno
eap, $4tffl, Northr?n Hpy. f.l T-off 3 30,
Twenty-ounce, $ Iff.1.. Mi, Hubbardton. J.I -'"
'J." IT) Oreentng, f4tftl 3. Ilalduln $3.23
ii. Homo llauty. I4W.1, Htamn Wlneorip,
$443. M, IUnck Ttg. $3 r.05rr.73, I'arngiin,
Slf3 2. llano, S3HT4 T.t). Vorlc Imperial,
IIMA-hA J." Ueu Ia1, S3 234 75 nnp!ei,
western, per box Jonathan tl 73W2 23,
Wlnecjp. J2ff3: Winter Itanann. 41.7342 .in,
SpltKenberir, SI 30tf2.3U. Horn" IVauty.
It 75tf2 2'i: Pellrlr.ua, I2.231i3( King, SI SO
4J2...0. urtW, tl.T.ult'2 ton f-iotrnan .lnr
nap, JJf, -'.."lO, rrarmaln, $1 734l2 23 New
town Pippin. St 3052 2". York Imperial.
Sl.AiiQ.1. Haldwln. $t.,".M2 Hlack Twig.
JI.5U5T2 Gano, 1j:.4fl 73. apple, nearby,
per hamper, roe.f$1.30; do, do, pr S bu.h.
liokt . 23. II 11.23. Lemona. per box, 3di'7
IUnanaa. per bunch. Si 1:3 fiT2 3fl OrariKftf
l'lor Mat. pep box. S'.'ltO. Tangerines. Flor
ida, pr atran, 3'if7. Orap"frult. Florida.
Ir box. I2p4 I'lnoapnlea. Torro Ulco, per
crate, S 23 ftf tl. (.'ranberrlrs. Jereey. per
.rat. U:.'Sr.-. do. do. per 1 t.l II331S.
Strawberrlta. riorlda. per .t,, lOtfSOc.
VEGETABLES
l'titalots nnd onions sold stul nn,l prices
,.f thu bitter were casUT tlther egetablex
wire In moderate request .ml generally
aten.13 l o iiutmmonH. nun potatoes,
Jersey, per e. -bushel basket, 31 lbs Xo. 1.
7.1 'a I'Of. N -- -I'lfltle; white pntutoes, per
lull Its - Pennsylvania. 12 l(.?f 2 r.n. New
York. .'f2 45, western. i22. 15 sweet co.
taloca jersey, pvr 7i-uu".itri t'ttsKft, oj ins,
cm nn'ir, m ...tf i i .... j-rriuK. -' ... ,.x.,, fc-, ,,,v mi-j,x 'iri-umuui. "-'n;tii nis p ti Tli.it was nil Ah th-
"rtJV&n" in good r,a, r'1 a"Wh,,';Vhe-,sl,r,U ' "'"W" " Proce-ssl,;,, mntedul howefcr. ho
firm, yuotailon.a, , V ,2.2V oa to .,, lit, ..WImh I, . I r ,I0 , , himself bis olhow.
I'ROVIRIONS , "d f want ,.,. to nolleo bow- ho sells ,,,-,!t,, ' 1r ' '"an
There was .-, fair lol.bliiB ilcman I nnd 1 , for a d.iv anil ere If jim ,-,m get any ' .... ,,",,,,
lies were well tmiiiiained yuolatlnns " j Ideas finm him." ... that?
7n'vVn,r,1n"M?sk''Vmo'Le"dlrir'cd"ny'h''' "WlMt W" "'"' th it bo to me In ,,np ,"'. "hleh might have been
knucWeV' and" r,,:y.ok .ntoied and air- the hardw at .- tleiurltneiil ? IVrhatisl've Ini.r.sted. was busy keeping lis covers
THE COLLECTOR OF INTERNAL
REVENUE for the First District of Pennsylvania,
in order to provide additional facilities for the
purpose of rendering assistance in making out and
filing income returns, has assigned several Deputy
Collectors to the up-town office of The Pennsylvania
Company for Insurances on Lives and Granting
Annuities, at the southeast corner of Chestnut and
Juniper Streets.
This Company also offers its services in assist
ing in making out returns, and will be glad to
furnish such information as may be required on
application to either office.
' THE
PENNSYLVANIA COMPANY
for Insurances on Lives and Granting Annuities
517 Chestnut Street
TOfJt.Vl ta-eet
potatoes, Jereey, per hnmper No. 1. il fllf?
2.2.1s No. s. tl 2.1, iclery, New York, per
Ititnen sauquri telery, Florida, pr crate,
i2Snr.12.1i lettuce. Florida, per hamper.
f.neiSil.SOi leltucc. Iiulalana. per Ihl ilf
1 r.iij cauliflower, rallfnrnla, per crale. iur
1..10j raultfloner. Florid., per hamper, il
W2i hrueeeia aprouta linn laland. rer
?uart. 1.14r2ect ega-plant, Florida, t-er 1-ox.
Sif .1, rm-umhera. riorldi. per hamper. il!r
hi mnaeh Florida, per elate 2 SO iff 4
aplnach Waahlnaton. per crate i2r0fr2t-1.
kale, Norfolk, r-r hid . il :.nif2, beans,
Florid i. per hamper, iltrs, Keta, Florida,
per crale, i2W2.7fi. peaa. Florida, iter ham
per, i.ltfn.M, pea.. Fnllfnrnla. per drum,
iftnln i'-ppers, J'jorlda, per erate, iriW7i
pippera. t'uhan. per box, i I MHf rt.ftUi to
matoes, Florltla. pr cnle. $1W4, tomatnra,
t'uhan pr irate, ill.1. lurnlp". Canada,
rinattniiaa per lot) Iba l-'f'.'-JI; cabbage
Mtlleh. aeeo, per ton jttiwi,, rnoonKri
No 1. il Mi)r2- No 2 7.ieji. mush
rooms, per ,11b Liaket, il-Jimi.
Business Career
of Peter Flint
A Story of Salesmanship
by Harold Whitehead
IX
IfVtl ..i.ll. .. ,t... ... tm llAttlntt
.......,,..., .,,,,,- ,.,,. .-.,...,,..
t. . ... ,1,1
l-.-l
lliril me ll. to ills oiiu-o apti i-.int,
"WIi.iI'm this I hear about you driving
iitstmners out of the More?'
"I tlld my best, Kir," 1 said.
"Well, jou succeeded," replied Benton
grimly,
"What 1 mean," I mid. "was that t
vvati,.-,, ,., keep then, , order and"
l'ni a . I A
ril.lt y (In. Jin .,,(,!, ''m jfOlMK tO
Knt tu Mil in tho grni'cry di'p.irtment?"
i e.iiu
No. I, t !3l.ni No.
No jou hnvrn'l." ho i-nniiiicntcd "lti'I",Kcn lioriun.
df.esn t m.ittrr whether i.ii aro fx-llltiK ,
Krot-erips, h.irdw.uo or Kloves, lltn same
urlitfiiilr- apply In every case. Listen, '
ji.iihb; man, I want to help you. If I can, '
mr jour intners hake, hut I want t
tell jou rlKlit licro nnd now that .mi
must show morn Interest in Jour work
and more wllllneness and ability to
learn the rules of thb Riiine If nu want i
to stay lire. Itenieniher Hint ou inn't
play the came of business Until you
have learned the rules of the riiiiii'. You ,
havo been to ball names, I suppose, '
.Zn'1 VI' ?" !
mho. I said. "I remeniher om. lime
(,'olnK SotiHt with mr peoplo and --celni; '
mo most excitiim- K.imo I ever e.iw in I
my llfo betui'cii Atlanta nnd Ch.it-
tanooK.-i"
.Viver mind that." be Intcrrtipled
with a quit k iiiovonient of his hand,
"luivv Ions do jou think a ball plajer
could stay In one of the bin liaKties if
he didn't know- the rules of l.ai-ehall?
It Is (he t-imn in business. Now- report
to tho Krooory department," Iio said
sharply, and I left bis oillee
That Idea or ills about the rules of
the uaino Is pretty klppy.
"Hello, kid." I suddenly heard n
cherry volco say, and lonkltiK around I
found it was Iloslo Lever, tl met Itosle
In the storo rl.tssinoms, you renieniherj
she sells In tho kIovo department.)
"Why. hello. Miss Lever!" I replied.
"How s the merrj' life roIhb?"
"So, so." said I.
"l'retty dull at nlRhts bv yourself,
thousrh. Isn't It? Poor kid," she e-ild.
"Let's seo. jou hoatd, don't jou?"
"Yes." I sighed.
"You'rn (pilte a kldder, aren't jou,
Hosle?"
"Saj". kid, jou'in exccedlntr the, speed
limit, aren't j-ou?" said she.
I'.oslo Is the sort to luive around full
of life.
".So you hoard In town, do jou, Miss
Lever"' t asked, taking; tho hint.
"And th boj- guesses right," she
camo back In her Jolly way.
"Say, como with me to the movies to
night, villi you""
"Jteally, I don't know. VV haven't
been Introduced jet." Then Fho sud
denly stopped fooling nnd said under her
breath. "Heat it, kid, here's Darker
(he's tho head of tho glovn department)
I'll sco j-ou outside the store at fiiilO."
TOn.WS lll'slM.SS i:i'l(IKAMl
l'ou enn'f v-i'U the inmc nf uiuliirs'
fill ioh anoio thv rules.
Try this on jour brnln.
Ituhincss Questions Answered
Why do peoplo look down on Insuranco
aeenta? o. M.
They don't. They look down on tho
typo of man who despises his own busi
ness. If you saw a man who was n
banker and ho told j-ou that banking
was a dirty business, j-ou would de
spise' tho man, hut you wouldn't de
spise banking. The roil Insuranco man
Is a big man who has the respect ot his
friends and tho confidence of his cus
tomers. I sell bonds, but am frequently b-Inir met
with tho excuse thai men approached eunnot
tnes In birds be. ause they are pnltlnff all
tl.elr money bxrk Into the busln.-.s I'rankl.
I don't know how lo overcome this objection.
What would you auKsest DALESMAN.
Try something like this: "Mr. ,
overj- business man ought to have a
business reserve which he ran fall hack
upon In times of business depression
Then when times become hard ho Is
never caught napplnR. Ills business Is
not onlj' protected from disaster, but
he Is helped morally by tlm obligation
ho lias put upon himself to sue sjste
matleally In times of need If all your
money Is In j-otir business and hard
times come, as thoy do to all of us at
times, nil J'our rerources are tied up and
perhaps jour business Is crippled for
the need of somo rpilck assets. Ilonds
sueli ns we offer can ho turned Into
leady cash at their value any daj-."
(CONTINL'l.n TOMORHOW)
Southeast Corner Chestnut
and Juniper Streets
-' , , i -
t "r i ''
LONG'LIVfe
tt
Ceprrlght, IBIS, by Mary nobetta ninehart and th rublio ledger Company
CIIAI'TKIt XX I Continued
t-et Meltllrli (luaril tits Tren.ure
ON TIIH day after (he dinner party
Otto went to n hospital with Miss
Iniilthwaltp. was the custom of tbu
palaco to fciitl Hovvcrs from Us rpectiic
nl tr ftincilotis to the hospitals, nnd the
I'rowi, I'rlnco delighted In theo irrnnds.
So they went, escorted by tho funo.
tlin.trles f ll, l.n...l.,f ,.t lltn mill.
lory wards, where sold'lcis In t-li.il.by I I'ltfrness that everjl.ojy knew-, but no
unlfornis sat ,, ,o,-,os In the spring , ,0l-v '"; l'r,,'1'.''r,.:V" ' ""i. I "' .""""?.
itinplilne, li tlm general wards beyond.
The Crown PHm,. mu nim,i hltlden be
hind the armful bo i-nrrled. Miss i
bold. A
r uvalescent iMtlcnt. Ill sllppe
rs many
ilros io largo fnp liim, wlieeled the te.
i tnainiler In a liarrovv, nnd almost upset
th' barrow In his excitement '
ThroiiBh long corridors Int.. wards
ul'u1'.ror,,t111 nC!"""t '"." "rr'Val- W'"!
i tJl , "r'?!",,, 'xnC"y w,lMI".'' I!"'
li.'itients forbidden to move and ills-
lu h the gcomitrlcal cxaittiess of thai
- """ j Tmcn i eruitianii v iinani ;
tlm-. ,t earn oca xi, stoppeit, scieotcu
'it (lower, and held u out. Somo there
were who leached out and tools -It with
ti smile, others lav mill nnd siw
lit II her boy nor blossom.
.
-... .-.-,,-, jiiKiilit-.--;'.
tho
nurse i
1
i m(i pay.
"I'M tlwlr ejrs ore open "
--Thoy Hre v'iry wear.v, hii.1 resting"
In such ia.es ho placid tho Mower
"n tho pillow- and went mil.
One such, however, ljltig with x.t
"'"' 7" "xed on (ho celling, turned
"'I,;1""-1 "' ..V'. l.JTJ
--.- rs.-..-. . (. j,t ,i 11,1111. till ITHh'l" Is
t Ua( .,. .,,,..,, , UfWll,-,t , ..n-tlr.t.
et'iilcht and In follow Ihk tin? l.roKri's
"i inn ii.irtv.
I'or tho man had nut
"TI'o t'row-n rrlnce."
The sick iii.in lay baik and closed his
ryes. Soon ho slept Ills cMnrndo In
the next bed beckoned to ,. slsti r.
He lias spoken," ho mid. "l.ithcr ho
refovers, or ho dies"
Hilt aualn ll.ieckel did nut die. He
lived to do bis part In the romliiK crisis
to prove that ven the crcat hands' of
IllirU Htliuhert on hU throat wore not
m strotut as bis own vounir spirit lhi-d
Indeed, to confiont tile Terrorist as one
i Km from the dead lltn that tlav he
Iav llt"1 hl,l,t- l,y curious hony the fli'.wer
ir.uu Karl's hatitiuet In ii i-un of w-itir
brsliln him.
(in tho dnv l.efoie Hie ,-.ir..K.-il ii.i.
wig bad n lsltor, none nihil- than the
Countess I.nschek. Hidwlg, all her color
gone now. her high sphlt i rushed, her
heart torn Into fragments and neatjv
distributed between Nlkkj-, xht li.nl
most nt It, the Crown I'rlnce nnd tho
old KIiik. Iltdvvlir, having glten b, r
pirmlssloit to come, gneted her polite
iy but without enthusiasm
"HlKhmt-s!" said thn Countess, mtr.
1 .
i 'v.;-. '.
- " . ?, 4 , ;- vv.
r-Z -. ?--i:'- 'jj-.;,,v wilt' Hi
erf 'WimlmMWw m
I
Reflecting
Philadelphia's
Industries
.
i, . i i i i i ! i im4brii
' Ij .' ,' ''"i '- -V "iPlll"'' "'".'l-
THE KING'' tAfe
By
eying her. And then, "You poor child 1"
using Karl's words, but without the
samo Inflection, using. Indeed, tho words
a good ninny wcra using to llcdvvlg In
those days.
"1 am very tired," Hrdtvlir explained,
"All this fitting, and everything."
"1 Mum-, perhaps belter than ou
think. Highness." Also something llks
1 Kail's words Keilwlg reflected with
to tin. thought, Olga Lorchek camo out
pl.ilnl)
"Hlnlitn-ss," she said, "may 1 speak to
"" inuiKiy.-
rieaso no, iietlw-lg reniieil. "livery-
body does, nnvliow-. Csprrlally when it
H 'onittlilng illsagrr cable."
"' '"" Presuming, Highness, on oui
"j; Sr-'" n"' ","1 0"r nV"'
"w"' K" "'" '"'"'1 ""'wis resignedly.
ni" "'" ""l "'dH brought her up In
,icr 0iar,
-Are jou going (o allow- jour life (o
be ruined 7" was what the Countess said
Careful! Ilrdwlg had tlirnwii tin her
hunt and looked at her Willi hostile
eyes Hut ibo next moment kIio had
foigotlen she was a princes, nnd the
granddaughter to tlm King, ntitl re-
"' "' ' '".i- itm, em- ;ii. a woman
atul tirtor-strlcken Shu Hung out her
arms, and then l.niletl t.-r r.mtt in ib.tt
"How- imii I help It?" she said
"How (.in ,ni th. II?" (Mga l.oscbek
counteretl "After nil. II Is jou who
must do this thing No ono else It s
jou they am i.rfi ring on tho altar of
their ambition "
"Ambition?"
"Ambition What clc Is II? Surely
you do not believe these tales they leil
--..Id wives' tale., of plot nnd i.iunter.
I""1
' Hut tho Cliaiirellnr '
"I'trlnlnly llio t'hatii'ellor'" lunched
'ilea Losehek. 'HlKhness, for jears he I
has had a dream A Kro.it dream It
Is not for vou ami in.. I., say It Is not
ntihle Hut, to fulllll liN dream to bring
prosperity nnd greatness lo tho country,
nnd nattiinllv. to him who t.l.-ins tt.
theie Is a price to pay. Ho would buve
jou pa j t
llfdulg raised her f.ico and searched
the utlier woman's e.ves.
"That is nil. then?" she said "All
(his other, this fright, this talk of trea
son and danger, Hint Is not true,?"
"Not so ttuo ns ho would have J'OU
hellee," replied Olga I.srhek steadily.
"There, nro maleontents everywhere, In
everj- laud A few madmen who dream
dreams, like Mettllcli himself, only tint
the sumo dream It Is all ambition, one
di cam or another "
"Hut tnv grandfather"
"An old man, in tho hands of his
Ministers'"
llednlg rose and paced the floor, her
flngeis twisting nervous!-. "Hut it ls
too late," she riled at last. "I.u-ry-thlng
Is arranged I cannot refuse now.
Thev would 1 don't know what they
would iln to me! '
l'i.! To tho granddaughter ot the
King. What can they do?"
That aspect of things, to do her credit,
bad never mcurred to Hedwlg. She had
seen herself, hopeless and alone sur
rounded by the powerful, herself friend
less. Hut, If there was no danger to
s. V '' " - "2j4i I- 'l i
HpHE constant and sturdy growth
A of Philadelphia is strikingly re
flected in its marvelous industrial
concerns. More numerous and varied
in their lines of output; more effi
cient in method and operation; and
more productive now than ever be
fore, these industries, large and
small, place metropolitan Philadel
phia in an enviable position.
Tools one of the many lines in
which Philadelphia has attained
manufacturing pre-eminence are
made here for the markets of the '
world manufactured in astonish
ing quantities.
To the small manufacturer who
plans building his business on a,
quality basis, we bring this example:
Disston's is the world's largest saw
factory. It started in a small room,
distributing its product in a basket.
Our part in the development of the
future Disstons of the City is clear to us.
We are here to encourage you in the up
building of your business. Not acting
according to old-fashioned set rules of
banking, but handling in a constructive
way each individual case, after careful
study and investigation.
Have you business problems to solve?
Let us help you.
CORN EXCHANGE NATIONAL BANK
CHESTNUT AT SECOND ST.
n PHILADELPHIA
ul
MARY ROBERTS HINKMABf-A
v y.
save her family from? If her very b!rteV
which iihu cuunieu so lair lur ao tuiev. ew
would bring her Immunity and ")firS
safety? 'jf ,,
VI Ha tji iiftAi In frntvt nf I Via Pnimtlit'
"What can 1 do?" she asked pltljully. '
j inn i uare not presume to say, .i-i
rnuio because I felt I can only f.ay'
what, In your place. I should do."
"t nin Afraid. Ymt untiM tn ,, K;TW
nfrnld." Hedvvlg shivered. "What&.'i1
"If t knew, Highness, that sora on,"i'f',
for whom 1 carer), himself cared dterdvi ..V
enough to make any sacrifice, I should Ja
demand happiness. I rather think I'Vjjfl
enuuiti mac inn worm ana gain some.V.-1
.itiitf, linu llilltpilicss.
"Hemnnd!" Hedwlg said hopelessly..
"les, SOU WOllld deillnntl It. 1 cannot,
demand things. I nin always too fright- J A
oned." j
Die rountfis rose, "j ntn afraid t
have dono an unvvlso thlnir," she said.
"If your mother knew " She shrug
sed her shoulders.
"You have only been kind. I have so
few who really care."
The Countess curtsied, and made for
tin. door "I must go," she said, "before
1 ko further, Highness. My apology Is
th.it I saw )ou unhappy, and that I
IcKentcd 11, because " ,
Vr-s?"
"flec.iuso I considered It unnecessary.'.'
.Sho vwis a. very wiao woman. She
left then, and let tho next step come
from Hodvvlir, It followed, as a mat
ter of record, vvllhlii the hour, nt least
four hours sooner than she had an.
tlcliHtod, Sho was in her boudoir, not
le.nlliiff, not even thinking;, but slttlnit
starlni; nhead, as Minna had been her do
,,i think, for that matter.'
n-iH-Hieuiy in tue last weeks. She dared
ll,,l,fl,--. ,,tle. .n... .,... ,. .
..w...nr. ,,u, ,...,,,, i,i4i i hijo ouia
visit her, therefore, found the Countess
t leisure ana alone. Hho followed the
announcement almost mmedlntetv Kmt
If she had shown cownrdlco before, she
showed none now. Sho disregarded the
chair Olga Loschek offered, and came to
tho point with a directness that was Ilk
tho Klrrg's.
"I have come," she said simply, "to
find out what to do"
Tho Countess was as direct
"I cannot tell you what to do. Hlh
neess. I can only tell you what I would
do"
"Very well," Hedwlg showed a touch
of Impatience. This was quibbling, arid
it annoyed her.
"I should go awaj", now, with the
person I cared about."
"Where would you go?"
'The world Is wide. Highness"
"Xot wide enough to hldo In, I am
nfrnld "
"For myself." said the Countess, "tho
problem would not be difficult. I should
no to my plnce In the mountains. An
old priest who knows me xvell would
perforin (he marriage. After that ther
nil?ht find me If they liked. It would be
too late "
l.'mergeney had given Hedwlg Insight,
fibo saw that the woman before her.
voicing dangerous doctrine, would pro
teet herself by letting the Initiative come
from her.
(CO.VTINUIID TOMOrtltOW)
;
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M
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4.JI
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'11
1
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