IhffiSSSSS
1
ir'"'
".y.. j&4-
Save to Buy
Liberty Bonds
Bonbright & 'Company
morris wistar stkouu, Jr.
Manager
437 Chestnut St., Philadelphia
New York: Boston Chicago Detroit
Jpvwiiv.vM.imjwJ,!r'JtQ
quick
rea
For the busy investor who hasn't
the time to read all the important
articles now being written about
oil .ecurities
we have prepared a new booklet.
It tells why demand exceeds pro
duction, compares the importance
of American oil fields, and anal
yses 20 leafing oil securities from
the standpoint of
their possibilities
Each of these stocks is actively
traded in on the New York Curb,
the foremost market in America
for oil "ecur'tir.
Ask for Booklet TU.927
Mill! FREE oa Requeit.
I
JONES & BAKER
w STOCK DROKERS
WWener Bldg.. Philadelphia
MA PHONES "e-&wtT&t,,XS
0 HtW YORK PITTSBUROtl I
l. CHICAOO BOSTON
kr2 :
JOS EH A BAKER.
WUrner MulMPie. Philadelphia.
Ten mtj send me jour OIL booklet.
Name
Clin.
TlM::
HUP,. .J. UJ.W 'iWW'ZM
P1WSCTOBV OF ACCOUSTANTS
Certified Public Accountant
LAWRENCE E. BROWN t CO.
1S.1R rtKAt. KSTiThl Trt.'T uf nn
HNVESTIOATt: & ADJUST I'AUTNr.llSltlP
CORPORATION fc DIBPL'TKll ACCOUNTS
GEORGE K. WATSON. C. P. A.
13tb Floor Ileal Estate Trust Uldg.
Audits. Accounting systems.
PRESDENT IS PLEASED
RV T A DOR Ar!RI7I7IWl7TT
ut. muuii rtuiiuiimiii ?
. .
ifltle Examnn of Sniril. nt Cn.
operation, He Says in
Letter
WORKERS' PART IN WAR
'. AValilnclou, April 4. Declaring: tlio
results would be highly serviceable to
the country, President Wilson has writ
ten a letter 18 the war labor conferenco
Jboard. thanking Its members tor their
.work In bringing about the recent agree-
Jment between capital and labor, looking !
-to a. prevention of strikes during the I
;war. The Tresldent characterized the l
agreement as a line exaniDle "of the
(spirit of co-operation and concession
Jjwhlch Is drawing our' people togeUier
, jln this time of supreme crisis."
St. Loulf, April 4. Charles Duncan,
M. P., secretary of ths Worker's Union
of England, gave warning that the
continuance of Industrial strife "In the
United btates may mean the needless
"sacrifice of lives of American soldiers In
iterance. In an address before the '.tit.
"Louis Chamber of Commerce.
"If the United States wants to play a
dominant part In the war," he said, "an
Immediate agreement between the Gov
ternment, labor and capital must be made
Jto insure the production of supplies."
London, April 4. in an editorial, the
TJutes says the agreement for lndus
'trlal peace between labor and capital
In the United States coincides appro
priately with tho military declblon to
bring the American forces in France at
once Into the battlefield among tlielr
British and French comrades-in-arms.
"Both moves," the editorial con
tinues, "are an earnest of the determina
tion of the United States tu put all Us
strength into the struggle. The effect
of the industrial treaty will bo watched
here with-keen interest- and. with the
irnst hope that It may be more suc
cessful than the corresponding agree
ment concluded In our own war Indus.
tries three years ago.
"A nopeiui teaiure or me American
Kreaty la the spirit out of which It
cornes and that it Is due to an actual
fondltlon of affairs. The Issue and na
ure, bf the conflict are understood as
Ihey never have been before. The fate
X ttuaeia, ine accumulated evidence or
Jernian designs, the revelations of Ger
inn character and conduct and the nres-
int .military situation havfcopened tho
yes oi an men,
' "The whole atmosphere at the pres-
momenv is amerem rrom mat in
eh the war has been carried on dur.
the last three years. At the back
F our failure to keed the Industrial
Uatv made In March. 1915. and of In
numerable other (allures has been the
(MVcral complacency about the war, and
sfr0rwpnucnva ' lv rvsuii uurn ox ig
ranee ana uurcinmcni reticence.
va. grand change recently nai set In
n uiose teii-appoiniea outsiae ad'
rs of 'labor who consistently have
ti-e1 KUSDlclon. Ul-wlll and strife an
mm1 deprecating strikes and declaring
ktMUfi Inopportune.
I "iw American Industrial treaty comes
R9 worm at. tnis eoiemn moment or
irioe susperun ana we ao not doubt
. is an expression or icai intention
sides. Tnat u me Lest augury
C succe,"
Uw BU Kule In Columbia
. .. ADrll f The Borouch
hfcM paed a curfew ordinance.
r caiforfK uftraer mxieiT. years
ut tw-,i' h trta at '80
i HMNtfl.tliil at
vmuhMmmmLMmMfLJ-.
..
ding
NEWS OF THE FINANCIAL WORLD
-
IMPROVED WAR NEWS CAUSES
HIGHER PRICES FOR STOCKS
iNew York Market Advances on Reports From
France Buyers Want Shares
at Concessions
New York, April 4.
Tlio stock market showed tho effect of the betteix news from 1'Vance
to a greater extent this morning than at any time during ho week.
There was a general disposition to buy stocks, which was reflected In
material advances In thu early trading, but the buying clement continued
In the mood of desiring stocks only at concessions, mid, after early ad
vances were established, the movement abruptly halted.
There were many other factors which contributed to establish a, strong
tone at the starj, Including the uctlon of tho Wabash directors yesterday
In declaring the dividend on the A preferred stock, with the approval of
tho director general of railroads, which was supposed to Indicate the. atti
tude o fthe AdmlnjMratlon to dividend payments genreally.
Many of the roads who deferred action on dividends for tho March
quarter are expected to follow the precedent set by Wabash, and dividend
declarations by them are expected within a short tlmo .
This group Includes a number of stocks like New York Ceutral and
Illinois Central. Tho railway equipment stocks were especially influenced
by the favorable trado reports and by the cxpetced placing of large equip
ment orders by the Government, including 100,000 freight curs, bids on
which aro now In tho hands of tho Federal olllclals.
The most Important movement during tho morning was In Atlantic
Gulf and West Indies which roso 2H points to 110 1A, later reaching to
10DW.
The copper stocks were generally higher, with Utah Copper advancing
1 point to 70i.
United States Steel roso ,i to D0-i.
BUSINESS ACTIVE
IN COTTON MARKET
Demand Exceeds Supply,
With Transactions Made
Only at Advancing Bids
COTTON IIELT WEATHLK CO.MIlllONS
New York. April J. Scattered precipita
tion n. reported In the. cotton licit eaaf
of the Mlaalaa nnl Itlver MiU mornlne. und
weat of the rher ruin fell at Mircteport
nnd Oklahoma t'ltv. Temperatures were
nhoiit liornml. The follow Ine tempera
turca were recorded!
Ahllene. 4lt Oklahoma Itv. 4 Si 1 nrl
Smith, I.llllo Itock unci Mcninlils, uOi
KnotTille. 3H AiiEiiatn nnil lVllin i nrlro.
Ml, Mireirport and Savannah. 2i I niirli-a-ton,
.Montaomen-, Macon him! Mckaliiim,
nil Atlanta. OOi San Antonio, Tlininaa
vllle nnd .larkamnll'e. 08i Tnnipii. "i ren
a.irola. New Orleana uml (iulicaton. .-I
L'oniua Chrlstl. 7. ,
There was .01 Inch of precipitation at
Mnntk-oniery nnd .OJ lit Atlanta and
ThumaaWIIe.
New York, April 1.
Business vus active at the cotton
market opening anil tho tone was firm
with prices 15 to 20 points net higher.
wit
V
lnr
"
Prominent room traders anu coimnis-
ion houses were good buyers and spot
rma alsn nurchased. while wall street,
uptown Interests and Liverpool sold.
The demand exceeded the supply and
It was noted the transactions were only
made on advancing bids.
preclp.tation was reported this mcrn
ng at' Oklahoma City and Shrcvcport
and east of tho Mississippi. Scattered
rains were shown on tho map. Tem
peratures were about normal to sllght
.y below.
Tho receipts at tho port3 tor the day
aro estimated at 12.000 bales, against
9181 bales a week ago, and 12,815 bales
two years ago.
Yesterday's 10:30 11 11.30
close Open i m. a tn. a.m.
May . . . .
July
October .
December
spot .
.3:i.h5 MM 3"1 a-
.33.1.', 33.30 33.38 33.33 33.47
.31.SS 3' M 3'J.l.l
.31. nil 31.77 31. 75 31.75 31 fcl)
.35.00
Liverpool Cotton
Liverpool, April 4. There was a great-e-
demand for spot cotton today at an
advance of 7 points on the basis oi
j 3r1 for middling, oia contract, uuu
h'.oea for EO0dml(ldllns. new contract
, Thi sales were 5000 bales. Including 3'i0
tiiii American. There were no receipts.
The market for new futuro ontnii-ts
, wan stradv In the earls dealings. Old
'contract snot prices were: Ameriinti
.1.1,11 nle fulH
25.81d : good mldcllliiB
II1.UU1UIB turn
O.lOd ; middling 21.G3d;
low middling
24. lid; boocI ordinary
ordinary 22.5'Jd.
3 lid ; una
Cotton Buyers and Sellers
New York, April 4. May Hageilprn,
Hubbard, Russell, Gtimoens, r.ay,
I Brooks. Waters and Rosenberg bid :
1 Mitchell. Wenmau. Hentz. Schley and
, Smith offered.
July Jlcfaduen. uinsiein. nuuuwu,
O'Connor, Cone, Martin, Cordoza, Mitch
ell and Schill bid: Hymaii. Kelffer.
a'sUel offered."0' "
October Soldi!, lilfford, It Hubbard,
Krederlekson and Clearmnn bid : Downs,
Hentz, niordan.Hyman, Mitchell. Hage.
dom Sellar. C.ifrord. Ueer, t.umoen
, iti.l lltinnniii.in filTered
December Glfford. Smith, Hchlll and
Slgel bid; Hentz. Waters, Dixon, Wieck,
Jay and Clcarniau offered.
January Schill und ltosenberg bid;
Schley offered.
Financial Briefs
Gordon S. Carrlgan has been elected
a member of the board of governors
of the Philadelphia Stock lixcharge.
The Advance Itumely Company reports
for the year ended December 31, ;i sur
plus of 1550.557 after charges, compared
with $183,479 for year 1D1G.
Tho Ke stone Tire and Rubber Com
pany's March net earnings totaled
J71.288, against 25,955 a year ago, an
Increase of about 180 per cent.
Tho Public Sen Ice Corporation of
New Jersey reports for year ended De
cember 31 combined net Income of
3,377,399, against $2,941,867 for 191G.
Kailroads to Keep 'Tederal Books"
Washington, April 4. Railroad Ad
ministrator McAdoo today Issued a gen
eral order for roads to begin Immedi
ately keeping special account books to
be Mstd while under Federal control.
The accounts are to be kept for a period
beginning January 1. The special books
are to be designated "Federal books."
NEW YORK COFFEE. MAHKET
New York, April 4. The coffee market
was much less active this morning and
first prices were unchanged to 2 points
lower, under scattered liquidation. '
Today's Ye&terday's
aoenlos cloie
Aueuct
Ktplember
October . .
November
December
January .
February
March . . .
April ....
May
June
July .....
8.ll86'R.n9
8 U5S 71
K. 7(1 ft H. 71
8.7.18.74
R.70
8. SO
8.R5
R.01
8.D8
8.S0
M.77
SH.R1
tS.0'1
?8.95
f'8.90
. . 8.7098 SO
'.'. k'.ious.vo
8.A48.nn
S.B5 8.8
8.678.6S
MAIL-CHUTE CONCERNS
FACE INVESTIGATION
Entire Industry Centered in Two
Firms Charged With Unfair Prac
tices in Competition
tfaahlngton, April 4 Complaints
have b'een Issued by thu Federal Trade
Commission against the Cutler Mall
Chute Company, of Rochester. N. T,
and the American Mall Service Corpora.
Hon of New York.
Each concern Is the sole competitor
of the other' nd each was alleged to
!iy sold lt products at or below cost
lets m or dciow cost,
the other out of the-
EVENING PUBLIC
DEALINGS IN OATS
ACTIVE AND MIXED
Tone of Market Firmer, Al
though Sentiment Is Nervous.
Offers of Corn Light
(RAIN 1IKI.T WlUTIIKIt FOHKCAST
Clilcasn, April !. llllnol. Fair to
ll e lit and 1 rlilaj i eoliler Mutlir.iit to-
IllBllt.
MUaoiirl ruli- tonJeht. nrolmblv be
eoinlnu uneltlrd Frldan. not niiicli tlianito
In temiMTiitlire.
Hlaronaln 1'iilr tonlitlil nnil l'riil.iy.
)lliinesiit air tonlclit nnil IrliliiM
Marnier et tonlslil.
l!-"li. Kl,l.r ""'Flit; wiii-iner nurtliueal.
ortli Dikotn Piirtlv .Imiilv unci nroli
iilily iinsetll.il tonlKht und FrIUaji warmer
lonlchl.
Xniith I).ikotn imil Neliniskn t'naettled
toiileht uml iyiu,j, probably rain or
. I"'1''-rt-inetlleil tonlttit nnd I'rlilar,
prohiiMy anon era.
e4jn'np$n
a';r,,,nTc!,r,ilonle,,t.nn,, vrw"
, , Chicago, April 4.
Dealings In oata were, actito .-.i,,!
mixed this mornings Changes In prices
wcro small, but tho lone on the whole
M-n llr.p U...H. .., i
..-- ........ t-i-iiimrcni, nuHsver, was
"Tv,US;, , . , .
export sales In tho last tueiit-four
hours were liberal, and us long ns ex-
porters continue to tako tho slack out
J' i"D marnct me trade Bees llttlo hope
for any good decline.
On the other hand, the beam cnlle,!
attention to favorable prospects for tho
crop and larso stocks In tho country.
Tho receipts hero today were 253 cars
May opened at 85, S5i,c, npalnst
SSic at the em yesterday and, after
sellliiK at S5?,c, again moved upward.
Shipments from Arsentlna for tho week
were estimated at 300,000 bushels.
Business In corn was moderately ae-
ttve and the market was stronger on
buylnff by commission houses. Offer-
Ings wcro light, reflecting stability in
the cash article. The rei-elm i,..n ...
day were 238 cars.
Jlay com opened ,c higher at ?1.2CTs
"mi i use lu p J....U
linir-i- nreoil f(.vA i.
..-...... kIUI u, moIliii aB0 ana con).
paring with SO last April, and 88 last
June. Dry weather In Ohio In the last
two weeks has held the crop back
Seeding In South Dakota, Minnesota
and -North Dakota has been virtually
completed and advices from Montana
are good.
Tho
' reslMervd 11)30
AkU
r coupon 1S30 .....
Is registered mis .. .
3s coupon 1D . . .
4s registered 1925
4s coupon 1923
3s registered 1940
,ij coupon 1940
li!!S!S!J r!" registered 'loan" '
tanania 2a registered l:is
1 anama .1.1 registered 1001
I'ananw. 3s coupon . .....
HI
9S'
l)7'i
IKaJ
IIS 4.
i':ir4
nil
JSiTf 'w
t-o
811
POlj . .
0'1'a
t-0
LIVESTOCK QUOTATIONS
-.-. .,-,,, ,,,, nim'l. XIII JII&, 1.1 .!-.. . . .. '
Jl7.Suir n:
1T0-.. .,.:.- -i:i. : J,'i.''w, ori,cis.
choice heui'j'
Jl
ITJOf. TrV.:'1 -" C""
f)i9 17 M).
UATTr.r.- i... ,i.. .7.1 '.'::. . . .
fc.jyEKP Kitltnaled receipts today (
head: tomorrow, SU0O head. Steady to si.
hl4h',-, .Vn.. ' I1278W16 BS T weal.
oonn
13 23
1nnn. ....,....
17 10
I earllnia t li Z.V". '
Lambs,
ewes, Jl
IIS 7.-.W1P SO: wcsterS '.' !''.
1.18 1U.SU.
Knnsaa Tltr. Anrll J Cl.i. .. ..
""i!;;' r;";!" toiiy. 3000 hed. sti.
IIOUS Rstltnsl.rf
heart. Stearll
ic.ciuis louay. iiim n
b2d,E1,t'e7dE'"ma"d r"'Pt" ""5"-'
7000
Soulli Omaha, April 4 11008 Bitlmated
receipts todav. 13.600 head lllahJr
head Steady " """ ". u"
,. ,to
4000
. 4000
h.EV-1iat"n-aA'd 'Ps today
DIVIDENDS DECLARED
Crocker-AVheeler Cumpany. regular nuar
?; of 11. per cent on preferred and 2 per
C0fnr,cSrdr0Ar.nr..Pay,bU Apr" ,5 ,0 "oc"
Harbison-Walker Ilefractorlea Comnanv
:??"'' QUrterlj of 1. er cent oTiP:
Ar-rll 10 ' P ' U to "ock vt record)
.c.',u'.t!' pe"lv Co.. regular quarterly
of J1.30 on common, pa) able .Mai - q"o stock
of record April 30 .-, 10 siock
o...i.?i.nRe..,ur1 a." c"nt""iy. rtguar
quarterly of 2 per cent, payable April 20
to holder! of record April .
r".tTl,e .t?i""y Comrany, regular
T0".'." ?' .efl. s-3 c"t" share myable
April 20 to holderi of record April 14?
New Delaware Corporation
Dover. liel., April 4. The Marl'n
Rockwell Loading Company, to load,
pack and ship aerial and other muni
tions of war, was Incorporated here with
a capita! stock ot , 113,600.
RAILHOAD EARNINGS
CANADIAN PACIFIC
Fourth wttlc March. J4.snn.non iSTS'non
From January 1... .32,214.000 l.esoiroo
flUIDELPHIADpHKADlNa BAIL-
'&?" .' : 5R8i.S 'mn
Two month!' crow, P,lS8.94n sn;4.is
Two month!' net . 4721.447 1.02T.53S
IlEADINO COAti ANU IRON COMPANT
February crow 14,150,87. Joe.I.esT
.... ..... . , O.I.M.
Two roonthi' grow. . 7,04H,62O
Two month!' nat 82J.783
READINO COMPANY
February cros tfloil.an.i
7.472
S27.5D0
1338.513
t:o.pnt
23.038
42 T.10
- jit ;.-. ....... . tag;
" 1,n!h' ? 3-JJSi
nst ..... . Mfa.ain
7I2
00S
43.2SO
were estimated at 120,000 bubhels. -ii,,in.r ore ouotatlons for Inactive ' .;!''. A" l'alr' 40'3c: J". Jounj.
The Olio crop report for April placed New York stocks and In wnlch there "" yuvt irltITITa
thu condition nf ifiint i .. ...... . o. i.I. .mnsactlona today. Thil nrl ' I'llliOll 1'KUllft
receipts of bent ,,i im., i.Anierii , r,,,ii ... v.u i Br i-n, v,;ir;;.,",',;'r;.,v?",i'"4.i f.-.
...,,i r,..i.... . -.ii.-m,uii.- i ,, ii ( ,, ... i, - .ai J,eau . . . r.4 - " "c'.'.twu. . ..."..i,.,. iiiik, ei .hi
ami Duluth today wero 12U cars, against I AS lVeed pf 71 x y Air Urake. ir. '-wJ"l& 1"'"2.3(): Hiajman vine-
461 cars last venr- it u'i.i- .... .Ii, I n-n liv N y r i- a 1. In "P. $2i273 l'eannaln. $1 7.i)2.i3: New
cars no-.(n. j?iS ' itmlpeg 244 J J.V S1 N T N 1U ji ' c in I'lppln. 130i2r,0, Vork Imperial.
-arij, aga nst 403 cars; at Chicago 10 '"' mu if '" N Y o & " 1., i 1 MijiS; Haldwln. l ' -. Hiack Twle.
cars, against 03 cars. A" mil : rf 1J N ft It j. Lm pf , h 30i&2: Gano. J 1502 Apple., nearby:
h'lilnnienlK frr.1., i. ., A,n aVSlit tit A. nnt4 New Orl T A 51 ii i P'r hamper. r.0cl SI. SO, do, do. per "s-bush.
w.r.i,.,.l! ., m Argentina for tlio " 2S?m tl... "'.. Nevada Copper tou basket. McCUl 25. lmon. per Imx. il
week were estimated at 2,773.000 bushels Am S IV VA '-' N'orf & .sim 'it' 4 . Uananas. p,-r bunch. !2a.5ii.
agahifct 1.048.000 hu'hels last .h ' .Am.r SuU Pt Tv5 Norf 4 Weit pf 70 .' Ornes. Klorlda. per bnj. .1t, R: do. C..1I-
uu.neis last j ear. n'S.-i. t,f new f" North America iiu fornla. per box, St Si 7 23 Tanner ne. Kin.
Am job rj 5,cw nS Nova KcSfa st'l r4 rlda. per jtrap. $s&7 Grapefruit, florid.-
fillVPIrVMLavm i..,...,, Am f T "d pf "2'4 Ihlo Pml Son lili 'wr ,,ox' $2 5111)4. Pineapples. Porlo Jtlco
liUMiKMbNT BONDS i!,ri;'l 2P.H 3h 5 (la ,t,p' ZV ,w crate. Mjms. .Straw berries. V'iuiid.i,
Am .!",' Ml Onena iw r I lr. ql 23'i(35c: do. Louisiana, per it .
LEDGEI-PHILADElipHIx THURSDAY, APRIL 1, 1918
New York Stock Sales
i.ait
cloak
31
74M
JIM
ran
7!l3
.".3
.'iO'f
11 10
a m
'74't
Si
UVi
ni
02'
77
-U7'.'
Hull Low
Alu'llubbet
jnints
J Tun
J'ntmiliond '
jmcarftf-d1
JniCoiionoii...:
jmLinteeil
.J2i 41!
33' . M(
:nr aii
2!i ft!1.
77. 77?.
v , .
07' 07
fil
(
.mc"".? ! ro'f
--" uuk-ar iter ...
nTe Hfeu. .
Jm Tobacco. .
Am Woo en .
-JmaucL&s
Anaconda Copr
Al'Ou'fAWl .
101H
loi
151
fOJa
l.Ti
iooh ioo'j'ion'i
mu os'
nn' nn
Ki',( .
limi
"' !
02
14
103
"adu-lnLoco .... 7,jtj
-r.tf 75'
C2 o2
l' H
78! 7S1I
- uiiioro k urn? o:
""'npia.Mlninc
Wth Stfc C aw U
PethSSpcpf . ..
"uttei Superior .
ca adUn Pacific
centra Loath Co
centLcathCopf .
Cerr& dc Pasco C
Cnipeau 4- Ohio
Chi M Hi St I
Chi Ml' 4 St P pi .
ChiTlI&Pac .
CUIAP7pcpf ,
Chl'e Copper . ..
Chino Copper.
Co umbla Oas i, C
Corn Prod !M
Corn Prod nclpf
Crucihostne .
Cmclb e Sleo- pf .
Cuba Cane Siicar .
m
tvj!
H
miu i02 mn ma
21 . ..... I
130
irn'f
30?f
5(1.
41
71'
10'i
C5
14J,
11
32
HO
03TJ
n2i
13'1H 136M 1W'
C5H 05' 1 Oi'i
0'f
40U
71M
CO
15
U
ooh
03
.'0
Ann
7iH
40)1
71H
03 60
14!i 15
11 11
3CJf
02i
30' i
03
2U
uo awate & Hudson .103
Dome Mines Sli
Dlst' ersSecurltln- 3'1'f
31' 31M 3H
oencra Ecctrte .
13S 13SH 13.1 i 135'j
us no us no
Genera Motors .
at Northern pf .
Gt.Vorcforop .
Inspiration Cop .
InterboroCon
Intcrfcoro Con pf .
Int Mer Marine
Int Mer Marine pf.
IntNlcka'
Kennecott Copper
Lack Steer
Louis & Nash
Mexican Petrol. . .
Miami Copper ...
Mldvae Steel.. ..
Mo Pacific
Mo Paclf c pf
00 00 SD'i 00
27'
17
Vi
Mi',
om
28'ii
114W
mu
28
45W
'Mi
I7.'t 47 47
'25
02i
26J
01H
31 31
31
03' j
2Mf
45U
03Sf
26
45H
03' i
2SS1
45
02
C2H MX 52H
.Vat'ona Con&C.... 14
New York Cent
Norfo k & West. ...
Northern Pacific. ..
Ohio Cities Gas
Ontario Mlnine . ..
Pennsy vania II K .
Pcope'sOasChl. ...
IMts A; West Va
KayConso Copper
Heading
Kcplron ASteo'. .. .
Sine air 01 ttof .
Southern Pacific. ...
Southern lly. . .
southern Ity pf
mi mu
09i 00 M
ior. 105
84' M'j
374 37f
S,'i 0
11 44
'iin 24H
Slh S2
1035i 105
oj mm
3?
37' i
0
U
S'i
41
40)
27J1
21
si;
7SM
20 'j
. 53
. 22' ( I
dVi
V)H
17',
2 Hi
S2'l
27,'X
22H
26?,
22'i
M.',
mi
Tenn ,rou '& Che
' Texa Co
ii.Aa-V.u ......
Studebaker Co
4l)f 40M 41
14.T, 141'i 143J 111
10
51 'i 52 52 52
MO'j 12J 110'j 120
30
&S
i Xb'rd Ave R It
! Tobacco Product
, rnlon I'aelflr
United A"oy Steel
United Clear Store
USIndArohi
UP 123U 12) 123
rSIndAcoho.pt 00?i
II S Hnhher.
cm
M'i 51', 61' j
USStea
US Steel pf
Utah Copper
VafaroChcm
ValronCoa &C. .
Vu can DetlnntaB .
Wabash pf A
Wabash pfli..
Wcatcin Union T
Westing r.M
Wilson & Co
Wlmn-Over.an'l
'
U0J
109
7Sit
-Vi
. 07
7?r
a
22' i
02! i
10
CO
. 17.' i
'.I0' OOH 'HI'i
loou 10'j'iyiootf
70"i 7.1'f 70?f
Mi 43't 43J,
11 41
41
40M
C0U
17'4
40,
S05'
17M
40j
CO
17
tiO'l i
'.; i
ll Idend WesllnBhouse Kite.
1 1st pref
plven is the last previous sale:
W, "'S.u SI 1'4 Mont Towe- ... S7i
v."K yjnau: v i?j ? ... 2
Nat Acino
Nat lllscult
04 j.at lllscult .... 1174
,., '",.. 77 5. a 1 iiiscuit nr.iiui.,
can pf-'i ,$,J Nat Clk suit r
Car Sc V v'-'VJii rlk & s pr.loo'4
Am t.'rr 1 " i;t4 V.a; 'nam s- 477
i Atchison
S?!? Ka"-Am r'eVnf piisj 1
I'flr Mnl ...
1 Atcnii""'
Ye Lw H Ji4 Y.Vr" MMl'le Jl'i
v G VA it 1st pf "3., I ere JIaro, pf . , 501'
eo Si ... "I p'orl Bast a
?,.S.l.i,i.trie. R Jf.hlla Co ." . vi
All -"-' Df, lla
. ,r L.oen I"; ,,
nrown ;" '-.;,
'''llmnti .'.'''linif
"urns "","'. ..A Ry St.l Spring, sa"
nut -'"'" li'i '"' "' srrs- pf niPt
utte CopX-ii. is H.KlnK l8t pf. ."i
Cal T't ;'." U' Reading 2d pf. a7
,,,.,,.., v. "" uuicn
.. n I Si
S tU nee
r'i
27
sr.'i
Stand 5TIII pf.. Jvi
Studebaker pf . no.
Stutz Motor 4314
Sun Steel in ,t 0 "
?un Steel T. 35
Texas CO rctl.. 11)14
Texaa Ii Pac. .. inui
rransue-Wm, ..An
Tobacco Pro pf S711
Jnderwd Type .101
tTnderwd T pf.112
-ianii jiii n. ,,
ronsol ufts
??
Cuba Cane b nf 7
lieeir - -,," ,
n n . -'-
i.
11".
. r,ri. . -
27Jl
20
Ml '4
V.rle isi I'i
K.rle
id P
filed Bior Bat.. r.' Un Bag A I'ap ir
feirt M A 8 pref H Un Bg ft 1 new flL
11V6
BK,oa.V::iK . "n,0cngrP1J,.r::Df-,niH
ni r.. irif PST4 (i-.a i r..' .'. 'i VS7
c'rTch D F 43 un 3 gr f ft i?fi
fioodrtch D l a tlSiied Fruit PS'S
Qr'fn'.r." Q1. nti i.i..j f,!""-.: ;'re..
i"-.'. -i- .-I . SHM. n... T.. ' '..
HUH lve, j. ,1 ru nra lOH
IlKS Ei:ifij c i? a"?
Hartman ."-"'",;, i,"i" ,'U .,nv- ,ui
lewel Tea
Xn ' "yu So-.
,. r 8o vt
:iat4 h " r-riX ".' V,
"., Va-Car Chem..l04'l
4. v iron n t c us'! i
41 Wabash . . . 7',
ifeiii-SDrtng
Keok 4 D M
o Warren n n uf 53
ll tvarren it t im.
Lea Rub 4 Tlr l'i West Taclho . 2BVi
Lehigh Valley . 117 Ti West Jlsrsland 14'J
Lorlllard , 1SS West Md 2d pf 29
lU4Tl,al" Jim
Minhnl Glee
Weithia 1st pf 4H
May Dspt 8tn
Hay I'Pt B pt.102 Wheel iLGpt 20
tl.w rH.ln, . 9flU IUI.lt HSt..- .
.i.vei ai n c. . ju
Whits otors.. 42
Wells Fargo . . 7
Max Mot 1st pf 52H
flax Mot 2d pf 2
Slex Pet prs... f
Hlch Central. ,.ll
Mln ii St I. new in
Morris & En" 3"
Wlllyt-uver pf. SO
Wilson i-o pi.,
Wll cent SHU
Worthcn P 4k M smj
.Woolworth ...110
Bank of England Statement
London, April i. The weekly state
ment of the Bank of England follows:
Total reserve 31,880,000, Increase 636,.
000; circulation, 47,908 000. increase
111,000; bullion, 61.429,000. Increase
818.000; ether securities 113,486,000,
Increase 1.180,000; other deposits
150,273.000, Increase 12 724,000; public
deposits 36,288.000. decrease 7.654,000;
Government securities 59.308,000, In
crease 3.457.000. The proportion of
the bank's reserve to Hab'liMe Is now
17 10 per cent, against 17.22 per cent
last week, and compares with an ad
vance from 19 to 19.10 per cent In this
week last year. Clearing; through the
jonann nanK! rcr me weeic were JS4-
150,009, asaiwt jft7,v00,000.,lat week,
H . do.
HI. I A.li lm o',ir.i -- fii' n..".,:..' '."... , '.".W.'lMi..
i-iTce Arrow fiw '" -
llt .': P.. .. """ r""' West. ' "111? I 15: JIalne, Jl son 2: New York 1 lotp
"'"',' '.. 70 fltts Coal pf " so I 'Bs western. J17ol.S5: aeet potatoes.
Beth Me el . , plts f.oa, " Jersey, per hi -bushel basket. 33 lbs. No. 1,
,,i".. , ,-i.ja lili . ..on nn dr nr ii)v t ,,i,.,j, i,u. , ,ii'ou,il', Bivet'i puiainee,
IlkWn I'l.1"' . .'. Vr KlMl rrum V..., . .I.r..v r Ix.ltmor Vn 1 11 -.llf.,,1 HO . .'.. '
va
CP.rw.it... "i '.'",:K-Aru . m i
Col Fuel "n ?!? Sebrd A U pf 17U
pol ft W.li'if 47 S Jtoebuck.lai
Col k So lsj P, J.il?, S"Pe "'--118
Col & la" - pn Seall Air L lie tu. I
nXl.M TlMTT Br
tiunois Central, nn't u B Tnd Alco i'f Shu opening at 0 o'clock, our time, and clos-1
in Agriculture. 12 II fi Realty imp 13l! ,nB at ' " In a ndlustment 111 hourB
IS! Itsrv.N J.-lsn U H Kealtv Imp ' on the Montreal Ktock Kxchange has
Int Nickel pref. 10H 1st pref ....no ' been decided on. Beginning next lion-:
."'.I, 'pToer " ' 2'i U s m.iV "ii1?' . day tlle "change will open and close I
!ni'r ZlL -7 fi 1J 'one hour earlier than at present.
NEW YORK
New York Bond Sales
ii
i,
irth t fl-- f ir
J"0')1 Anjrlo-l'rench .. W't !")'. ''"'
Mji n Am 8m & net so .S7 87 7
!"' jlalt & Ohio 3 8" "., gi
Mini llmileoUT (ia M Si!i ?':
ljiinil ct. i. Ohio cv 4' 71 ' 71J Jl;
2000 do cv fis. . .. 7ii'i 7I)'i l!;
lnii'l Chi fit AVt 4.. . Ml M 4M
4 rim hi I & Q Joint li !''.'. 1'iji H??J
liiilini French Hen .-.'.. )i' Ujji "i'I
S""fi III Steal ilebji'ts M 8B-4 J''
SM'ii lnterb H T rfr a Sn 8M 8''
id'ii Inter Mer Mr its. . P3 "1 "2.
u-itw tib iiiiniij 3'Aa.... .( M.no !!"?
'.'ir.iiii" iio 4 ...... .. nq.? on ni iia.nl
(.l.r.ll lln I at 4 . ... !)(! 70 ll "0 till 71)
.'.ono Mo Tac em 4. . 7Vj
.liino Montana Power .' 8S
inoo ore Short L- ref 4s 83
tonu Penna aen rt 4'4 Wi'i
1000 do 4r1B nisi... H7
. u'oiio Sinclair 7 87'j
L'nyi) St I, & S F Sr A .-7
400H Houth Ilwy Ren 4a n',
lnim I! s rtubber Ha. . . 77S
TOil'1 IT e mMt d r a ot.
r.7'
r.7't
f..i
Mi'i
07
S7'
no S
77'l
II7J.
81
Mil,
111
1.0
,31.
1.VI00 U O of O D 1 5 til I)'"!
ROOK do .14 a HUB. 0.11 US'
duun ao ctli newiyiii jjt vj-
New York Curb
it?
121
T
$n
sr.
3a
4H
10
41
11
10
l.'l
IMP.
Aetna c'fUfteat"
Chevrolet
Coiilen ii Co
Jurtut . .
l.i.ilfh Valley Coal 8ala
Masma Copper
Kiy Hrcuiea
Human Government .i'.
ltucBian Oovernmint 04
IIS.
fl'i
2
7S
S.J
sr
4I
S
2'i
H"
r.'i
(tpiwci Conner
i at Joseph Lead . ...
Submarine Ilo.lt
fniteJ Motors . ..
i fnlted Verde Extension
Wruht-Martin
do pretirratl V
Ex dividend.
J MONEY-LENDING KATES
NEW voitlt-Call money opened to
1 day at 3j per cent for lcndhlg and
renewing.
' Pllll AliE'.riHA Call, per cent:
time, 5si6.per cent. commercial
paper, three to four months, 5f per
cent, six months. 0 per cent.
Ues,ene Hanks Discount Rates
Offlclal discount rates at tho twelM
federal Itesene hanks were as follows:
(The tlrrt column Kles the rates for
all periods up to and Including the llf-teen-day
maturltj. the second for a
period cf sixteen to ninety days. The
third and fourth columns give the rates,
for rediscounts of collateral loans se
cured by Government bonds or notes.)
Cora'l paper Uov't paper
latoiiO 10 to 00
10 dais days 1.1 days days
Itnclnn 4
m
New York 3'i
lLu
'hlladelnhla
S3
n'l
OS -
a a sS
Cleeland
Illrhmonil
Atlanta
ChU'MRO
si. Louis
Minneapolis ...
Kansas City . .
ImIUs ... ..
B in Trancisco
s
4'i 3i
ii ni,
I i 3a
Philadelphia Markets
PROVISIONS
There was ft. fair J.ihhlnc demand and the
iwnrket ru'id Ilrm with "omo Kinds a shde
- , iiisuer. uuoiations touow : city teei
In aets. smoked und air Jiled. 31c; western
I neer. in eels, amuj ,a ..ue; city jeer, .
Knuckles and tend.ru. smoked and air drlinl 1
6m; western beef, knuckles and tenders,
. smoked. 33c. beef hama, J45: pork. Jamil' '
I.VJ47 33, hama. S. V ured. loose. 20''1
MU, bams, iklnneii, loc-e. JOflSOe: hama,
t smoked. rlt rur.d. hh to brand and nrr
eBe, noai'. Iidins. sniokid. western cured. '
aofttil'jc: bams, bollr.l. bonebss 43c, picnic
1 shoulders, R V. cured, loose. 54',bc. plcmo
I ahouldera. smoked. L'J'.ic: bellies. In rlckle.
! iiccordlnc to averace. loose, 32ci breaktaat
bacon, aa to brand and average, city cured,
doc. brtauraat bacon, vestern cured. 3tfc:
lard, westi-rn. r nni-d 'J-'iiJc: lanl. pure
cits', kettle rend, r.d 27'i2Sc.
HEFINED SUGARS i
The lnark"t ruled sliidv, with demand!
readily absurhlnir the limited olfeilncs Wo.
quota on u basis ot 7.15c for txtra line,
eranulateil.
DAIRY PRODUCTS
CIIEKSE Tim market wiX'TTulet and bare- I
ly steady under ample olteHnas The auo
tatlona follow. Ntw York whole mill.,
'any. -'! 24'jc. tin flali bishtr; fair to
good, 22ii;':k
POULTRY
l.l C Off.rlnc were llsltt ond Hi mar
I ket ruled Arm. with demand fair The ouo
, tatlona an as follows: chickens, soft-meated
I roosters. 3Sfa42i. slaem' vuuns roost.rs 82
! (n.33c: old rnn.l.rR :(oft '4.v Hti..l,o tfWln
10JJ'42c: do, Indian Itunner. 3IOc, ceese!
, piseons,
per pair.
Demand ii-hh onlv inodert... huf .oli.a
Keuerally wero ateadll held Quotations
Apnles, per bbl Klnu, JI&G: Wliiesap. $4
ftd: Northern Hpy, $4(fiU: Albemarle Pip
pin, S4(tU: Hubbarditon. $sri(i6!Vi fireen
InB. JUnJ; Baldwin. .1501U, Home Beautv.
94110.0'): stayman Wlnesap. SJf'Hl; Illack
Twle. H1H. Paragon, Sl'n,"i. Uano, t
4.30. York Imperial. !3..".Oii ,., Hen Uals.
$.14 2S Appb-a, weatern, per box Wlne-
ip. iioiitia: winter Ha mum. S1.7.i'i J.,10;
VEGETAULES
OtTerlns.t fl'ifl (lctiiuntl 'ore both Tair hI
ues showed llttlo change iiuututloiiB: Vhtt-
I ioiuotH, jer.,. rer uusni tiasuei, na
I'i'uw., u. , fcUiaojc; wiiuo
2 75c1.25, celery. New York, per bunch,
20ft 50c; celery. 1'lorlda. per irate, IHil.73:
lettuce, Florida, per hamper, 50cTil3, let
tuce. California, per crate. 7.V'(M'2.5ii,
cauliflower. California, pert-rate, 25eQ'$1.50,
bruasela sprouts. Long Island, per nuiirt.
13iip0c: eggplant. Florida, per box 12 50 e
4; tggplant, Cuban, per box. $2 4: u-i-umhers,
Florida, per box, Slty4.50: stiuush.
Florida, per crate. $lfr2 25; spinach. Nor
folk, per bbl.. JHB'1.50: kale Norfolk, per
bbl.. 50cJ1.33: beans Florida, per hani-
Fer. Jl .lows: bcela, Florida, per crate,
1.5012.25; berts. Florida, per 100 bunches.
t3r0'3; peas. Florida, per hamper J23 3.50;
peas. California, per drum. Jl!if!7.&U; pep
pers Florida, per crate, J2G3.30: peppers.
Cuban, per box. J2i 3.50; tomatoes. Florida,
per crate. Jl 50SV3 75, tomatoes. Cuban, per
crate. l..'.0'(i 3; turnips, Canada, rutabagas,
per 100 lbs.. r.Oc&il, asnaraaus. southern,
vtr dozen bunches J2ft2 50; asnaragus.
c'allfgrnta. per dozen bunches, J3iti0; cab
base, Danish, seed, per ton. J30dl33: cab
bage, Florida, new. per basket, J1G11.75;
onions. New- York and western per 100-lb
bag fs,'o. 1, 50cJl; No. 2. 23'?f50c; water
cress, per 100 bunches, Jlf2 50, mush
looms, rcr lb , 2035c
Montreal Exchange Opens Earlier
.-. . ...... ....
-nonireai, jipru i. in consequence ot
I the daylight saving plan which has been
' P" nto force In the United States, re-
cniiin? in aim hn.inu. .. i,i..i
-.-, o ... ... M"...a .tj uc-i,i,i,,i&
i mere one nour earner man Heretofore,
Extra by Union Oil of California
I. n Angeles. April 4. Tlie Union Oil
.. - . .- ... ; . .- .--
I -ompany oi waiuornia lias declared the
regular quarterly dividend of $1.50 and
an extra dividend of $1 a share, payable
April 20 to stock of record April 1. Total
to be distributed Is $1,089,180 . On March
15. the company paid an extra dividend
of 10 per cent in stock.
bunuun oiuua .uAitnt,!
London
12.30 pm.
.. . R7
.. . JIW
, . . . S9
, . . . sn
N. V. Net
n'ilv. chie.
R2W . .
Atchison . .
ransdlan Pacine
Cbtsarrak & Ohio...
St Paul
Erl
do 1st preferred. . .
Illlnola Central . . . . .
Ioulolll' & Nashville
r.mral Pacific ....
Pennsylvania . .
Reading-
Southern PaciHc . . .
Union Pacino . ....
United States Steel..
l!5S
i
14'a
4TaJ
8
in
31
inn
150
7.1
4em
1HU
lM'I
00 tl
441
RTIJ 83U
12K 119
93 90H
Refined Sugar Unchanged
New York. April 4. The refined sugar
market coptlnued unchanged, with all
local refiners quoting fine granulated ut
7.453. The federal National nnd Wara
ncr Companies still are withdrawn,
Cuban raws are unchanged at 6.005c,
duty paid.
i auu in inu cm iuhv qi'iltv Ajxciianne i
U
AND PHILADELPHIA STOCK PRICES
Sales in Philadelphia
aST
men i-i-
64 A4
J4'4 44H
ch
.10
17S
1
233
108
1BO
7(1
Leh Na
ren'n nn
riilla Co
pref . .
Heading..
U O I ..
U S Steel
War I AS
(II .
Il'i
H
24 21
8'J 8
on u"
oon "''.
. 8 8
IMINllS.
Hlsh Low
21
ob 4-
oon 4
11:0
AM.
Net
itisc.
$1000
100
7800
1.10
3000
1000
1000
Am Oas &
Hleo r.s
7!)
10
79
08.03 ..
00 40 .32
90.40 ..
73
0.V.S
83 IVi
Lib Bonds
3;H...
do 4s...
iln 1st 4s
08.02 98.02
on. mi olio
00.40 06.10
Phllft Co
cons fi.s
Phlla Kleo
1st Bs.
Head-Jer
Cent 4s
73
V3Si
83
73
93'4
83
IMllLA. INACTIVE STOCKS
Following are quotations for Inactive
Hocks listed on the Philadelphia Stock
Exchange and In which there we" no
transactions today. The price given is
.v. laat nreclouct close:
Mner pi wsr. 1H '. N-v ;i f 4
.. riMiv rtt . 75.
'i ..:. i
Srr.tr Stores . . . M
' Ultnce lnsur. I'J
amer Bwy 30
Amr Mill ... J,''
Amr Storea pt 02
nrlll J O pf.. 70
(luff Si Sutq pf. 48
I.lttle Schuylkill ft
Mlnehlll fj'1,.
North Cent 734
Penna Silt .... f1
Phlla Co ?4
Phlla Trae . tjj'4
. rv in v vct .v i
IIUII OUiq VI.. a ,......
Cam Iron JnVl P R T...
rnna i ct. n
-(VI CtAAl I"1.".
n.... "rrtnn fU
Hwli Ut ' t 52
nSi-v Co den.. 4
H T.o J .T ft.sli 'Ion Mill . . .1
lit fc n X 10 In Coa N J. .100
H14BT p.. 17,, u s steel r.r. .ion4
Keyatone Tel . . S'i w J & Seashoro 40t
Keystone Tel pf 57., "t Coal .. . 9
Key Tel let pf 17U n'm rvrnp ,. 7i
Leh Val Tr pf 27'i York nwy .... 0M
Lit Dros iS'i
NEW LOOM NERDKD
TO REDUCE COSTS
Would Mean Big Reduction in
Production Expense of
0. D. Cloth
HIGH PRICE IS BAR
Automatic Machine Enables One
Man to Do Work of Four in
Making Fabrics
It Is becoming more apparent lit the
textile Industry every day that soaring
costs of wool, labor, machinery and sup
plies are going to Increase the cost to
tho Government of uniform cloth and
blankets for the army unless tho Gov
ernment Itself adopts some measures to
counterbalance these factors. This opin
ion was expressed yesterday by E. IV.
France, head of the Philadelphia Tex
tile School, which has been tendering
nluable aid to the Government through
the personnel of Its teaching staff of
experts, and Us facilities for research.
Mr. France ventured It as his opin
ion that the most practical step the
Government could tako would bo to
share In the financing of the installa
tion of the recently perfected automatic
looms In selected plants. This, ho pointed
out, would mean a heavy reduction of
the libor element of the unit cost df
production, while at the same time al
lowing for an actual Increase tn wage
rates.
Tllslng costs have been a te'rlous prob
lem to both tho manufacturers and the
quartermasters' departments In the last
few months. Increased wages have been
an absolute necessity, since the cost of
living has virtually been doubled. And
in spite of the lncreaso there does not
seem to be available today an adequato
amount of satisfactory labor. Yarns
of every description have risen sharply,
as have all supplies.
The only point at which thero Is any
hope of outline costs within the Industry,
as distinct from measures affpcl"- Gen
eral business conditions, and through
them the industry, measures which so
far havo failed to bring about reduc
tions In price -where reduction In pro
duction has not gone hand1 in hand with
it, la In the matter of automatic and
more clllcleut machinery.
Sir. France points out that wherever
an American Industry has concentrated
on mechanical efficiency In bulk produc
tion It has leaped Into world leadership.
It Is only recently, however, that tlio
loom for anything but cotton bheetlng
and skirling has been brought to tho
fullest automatic eftlclency.
Of late the bobbin replacing and warp
stop acttotuj hao been perfected for
looms such as those used In the weaving
of blankets, woolen and worsted cloths.
Tlio manufacturer, however, has been
prevented from taking advantage of
them by the ery conditions which cm
phaslzo their need. In other words,
rising costs all around have proved such
a severe financial tax on many sound
but moderate-sized mills that they are
not In position to Invest $1000 today In
a loom which before the war would have
cost only J350. This actually Is the In
crease which the loom manufacturers
themselves have been forced to ask by
tho rise in tho price of Iron, wood and
their other costs of manufacture.
Tho result Is thai thero has been no
other course open for tho uverago weav
Ing mill than to shoulder heavy labor
charges per unit, and pass this cost on
to the Government, And the Govern
ment has been able to do nothing but
accept it.
Mr. Franco said there was little doubt
that automatic loom equipment would so
reduce the total labor cost, that the
price of the looms could be charged off
In approximately twelve months. Ha
suggested a loan of 00 per cent of cost
by the Government.
The warp stop and automatic bobbin
replacement features permit one weaver
to tend at least four looms Instead of
one, as heretofore. And the quadrupling
of production per weaver would not only
permit the quick charging off of the cost
of the machinery, but would make pos
sible a uecessaiy Increase In wage for
more bktlled labor and still reduce the
unit cost ut manufacturing.
AS evidence of the feasibility of the
plan, It has been reported from an ap
parently reliable source, though this
could not he confirmed yesterday, that
the navy now has under consideration
a plan tor complete Installations of auto
matic looms, to be either leased or sold
on the Installment basis- to contractors
on cloth and blankets for the navy, and
has actively made preparations along
these lines.
PROGRESS IN SHIPBUILDING
Two Mote Keels to Be Laid in Bristol
by Tomorrow Night
Bristol, P April 4 That trenchant
slogan "A Ship a Day to Keep tho Hui
Away" Is beginning to bear fruit, an
thp Merchant Shipbuilding Company
yard .In Bristol is holding up its em
of the contract, in good shape.
According to the best authority, two
keels will be, laid by tomorrow night.
This will mean ten ways with ships
under course of construction, leaving
only two remaining to be filled.
Jilted, She Sayg; Asks $10,000''
Lancaster, !., April 4. Miss Ha.
chael C Gllgore. twenty-two years old,
(bert Clansman, a. Lancaster merchant,
for' 110.000, charging breach of promise
to marry her. She Baya they hecame en
gaged October 11- last.
TRADING CONTINUES DULL
ON LOCAL
Market Is Expected
Favorable War News Arrives and Third
Liberty Loan Is Started
The local stock market was dull
of today's session und price changes
contluuanco of Indications of unuenying sirengui una uie opinion prevailed
In tho Street that upon tho receipt of favorable news from tho French bu'
tlefront. which wus momentarily expected, bullish conditions would be seen
At tho same time it was admitted
lug of tne tiuru L.iueny jjoan umo numm ihuh. m liiicwK, as many of
them were actively Interested In arrangements for helping Philadelphia to
exceed her quota In this campaign, and for the present were paying Hui,
attention to stock dealings. But brokers are confident that the sale of Bw
bonds will be a big success ana, wnn
ment In the stock market.
Lehigh Navigation shares wero
lost H to G4 during the first hour,
Pennsylvania Railroad was up a fraction, Heading gained ,, United Qui
Improvement was marked up and Steel common recorded a substantial!
advance. A small sajo oi rniisueiuiim uuipany preierrea was made with
the price unchanged and "Warwick Iron, which was the most active Issue yes.
terdav. on light sales, held steady an dunchanged at 8 this morning
Liberty Loan -Is were about the only active bonds, but they were In I
cllned to weakness, losing 22-100 of 1 per cent during the first hour. ' I
Business Career
of Peter Flint
A Story of Salesmanship
by Harold Whitehead
CCopirloif)
Mr. irilKiead ( answer four byamtts
onrt employment. tsfc f"'T ""(j",cl2mi
anrf clue all tie tacts. Your correct worne
and full address inujt be Honti !" 'J:
i;ulr(es. Those which are anonymous must
be (jnorcd. -tnm-crs to (cchnlcat qmMo s
ivill or smt bv mall. "'r. tL.it.
iwswerrd pi tnU column. The most Mertst
P13 iiroblcms o Inquirers u-ll! woven into
(lie sloru o Peter Flint.
L1V
I WISH I were dead! Not one of the
employment agencies got a smell at a
Job for ine. I tried to sell books for an
hour this morning, but had no success,
although I got one fellow to say ' hel
take a set next week ; but that doesn t
give mo money now. My stock ot money
vvas down to S3 after I had paid my
room rent for the week.
I went to Jim Barry, the money
lender, to pay him $2. I thought in my
Ignorance that he had acted pretty de
cently in letting me miss my Pa;mcni
last week. When I got to his oince I
knew differently. As soon as I stepped
in the girl said Mr. Bairy wanted to see
me, and sho called out to him.
"What is it?" I henrd him growl.
"Mr. Flint is here."
A minute afterward he came out of
hls'ofllce pulling furiously at a cigar
which was stuck at a riotous angle at
tho corner of his mouth. "Well. I sup
pope you've come to pay up in full?'
1 was bo surprised that for a minute
I couldn't speak. Was this the Jovial
Jim Barry who said he wanted to help
everybody?
"Mr. Barry, I'm much obliged to you
for letting me off last week."
"Letting you off." he roared. "This
girl nearly lost her Job for doing that.
In fact, she vsas so sure you would
como acrosa lu full this week that I
kept her on." '
The girl pulled out a pocket handker
chief nnd dabbed her eyes.
"Stop that sniveling," he snapped, and
then with a thump on tlio table asked,
"Where's my money?"
"I've come to pay you $2 one for
last vi celt and ono for this." I took
them out of my pocket und he snatched
them.
"That's all right for a starter; now
I want the rest."
"But that's all 1 can possibly give
you. this week." .
1 thought ho was going to choke for
a minute. His face went purple. Final
ly he roared, "All you can pay? Listen
'to ine," and he pointed a shubby fore
finger at me ; "unless I get all my
money by 10 o'clock Monday morning
I bo to Fanndale and see your father.
To think a common crook like you would
try to rob an honest man like me!
Well?" ho snapped as I stood Irresolute.
I cannot repeat what took place. I
pleaded with him to give me a little
time. I promised him double Interest
anything If ho would only give mo a
llttlo time, but, no, unless I paid him
by 10 o'clock Monday ho was done with
me and would tell my father.
"If father should know about this,
I'd kill myself !'
"Well, your death's nothing In my
life, and now get out of here !"
As I left his onico tho street was
spinning round me. The more I struggle
to get out of this morass of debt the
derjver I get Into It. I shoved my hands
dejectedly Into my pockets and absent
mindedly began to play with u bit of
paper 1 found there. Just as absently
I pulled It out of my pocket to see what
It was. I knew It couldn't bo my last,
dollar, for that was safely buttoned In
the Inside pocket of my vest. How
precious a dollar Is when It Is the only
one you'vo got !
1 found the paper waB tlio notlco from
tho Benevolent Loan Association, and
ono phrase in It Impressed Itself upon
me. "We mako a specialty In taking up
loans from 'professional usurers." Per
haps that's my way out. I hurried
around to their office, but arrived just
as a man was locking the door.
"Can 1 I. want do you? " I said
breathlessly.
"Xo, I don't after 12 on Saturday,"
ho said, looking at me.
"What time on Monday could 1 tee
jou?"
"Ten o'clock."
"Couldn't you possibly see me before
that?"
He shut ids; eyes and said aflei.
moment, "I don't care to break my of
fice hours."
"It's really very urgent."
"It may be to you," he replied. "Still,
if you'd like to try about 9 I may be
here," and with that he walked away
Ten o'clock Monday! If i don't get
enough money to pay Jim Barry by then
he's going to tell dad. Can you wonder
that with bucIi thoughts as these haunt
ing mo I couldn't sell any books?
TODAY'S BUSINESS El'IGRAJI
A troubled conscience it a bad busi
ness partner.
What does this mean to YODT
Business Questions Answered
How can I so about aettln work ai a ds.
ilirnerTMy friends lay I'm quit! cltver
with my pen and I want to put It to uie.
but don't know how to so about dolns; it.
B. O. B.
These are several ways of getting
commissions to draw or design. If there
are any good advertising agents in your
locality they may be able to use your
services in preparing designs for adver
tising their clients' wares. The local
stores which use the newspapers may
be able to use your services in pre
paring designs of goods which they want
advertised. This is not a very prolific
field, however, as manufacturers are
quite generous In supplying retailers
with cuts (or electrotypes) for adver
tising purposes. You may prepare a
series oi lustrations snowing your
auutiy m. mn mciu y me publishers
STOCK EXCHANGE
to Improve When More
und uninteresting during the first hsi
were Irregular. Thero was, however, j
that the close approach of the open'.;
us start, mey expect rapid Imprqvi
riot active in today's early tradlnr kJ
but other changes were to higher lev! I
of magazines or general book publishers '
with a view of secur ne wot-v n.7.."!?f .'
stories or books. A field wh ch off.,.
rrrA nMnrxtn it, , -a. i. 7 " "uCfl
.cations. - The trade Journalp
the ads for the r advertisers and rAak.
the necessary drawing for tnem tEI
more Important trade Journals h.v!
quite a corps of copy writers and arUst.
Under separate cover I am sending it
the names of the more important on..
ou woum uo wen to communicate wltk
them. Write to the publishers of no. 3
cards and ereetlnir rardn ft,. .V..a'-'
glad to get anything original n iki.
line. uriiu recently Christmas cardi
and greeting cards came principally fror,
Germany. Now American orlglnsJii.
haa Its opportunity ""ginantr
What Is the. difference between a ... .
palson of eoods and "knocklne"? "
In comparing your goods' to 'com.
petltors' you are fair to your com
petltors ns well as yourself. in knock.
Ing" you are "downing" your com!
petltors' goods without any reason for
so doing. Instead of saying your com
petltors' goods ore poor In quality aM
that their oervice Is poor, It Is raSSh
better to have a uniform word of nraff
for your competitor and say, "My;com.
petltors' merchandise is good, but mins
How much return should I net on nn .
of Iandlf I set It for potatoes? o N fim
I cannot answer this. Write' to your
State agricultural college. Tell them
tho kind of potatoes you are setting iiS
the kind of soil you have. They will b,
glad to help you. u"
(CONTINUED TOMORROW)
Philadelphia Arrivals
at New York Hotels
H. Ilr.ltensteln. Flanders.
..-. V. "irKess, j.oniracre.
W. H. nuxton, Jr., Dreslln.
ai J- .cnway, Van Cortland.
.J; J- J. Conway Van Cortland.
.1. B. Darby, Breifln.
v. P. Divine, Mreslln.
Jl. I. Duna-an. Hermitage.
W. A. Eddls. Flanders.
J- ''.ner. Cumberland.
vv. l'loyd, Grand
W. It. Hall, Navarro.
H. L. Howard, Herald Square.
.1. L. Ltpschutz. Loneacre.
K. 8 Mars-oils. Breslln.
f- W. .Mark. Herald Square.
J. Mlrosky, Flanders.
II. Morgan, Flanders.
Miss i I. Poet Cumberland.
vv. Poorman, Hermitage.
C. L. Robinson, Flanders.
W. II. Sllnson. Flanders.
H. A. Stone. Hermitage.
P. Thompson. Woodward,
c. L. Burnham. Continental.
J. Coffey, Hermitage.
J. L. Coles. Breslln.
n. J. Drummond. Grand.
p. Fraser, New Victoria.
I Gloser. Walllclc. '
Mrs. I. Olascr. Walllck.
A. C. Uoldman Navarre
JV. James, Herald Square.
Mis; A. Levy. Park Avenue
S. J. Randall. Wellington.
.1. H. Reber. Woodward.
L. M. Schrufer, BrcBlln.
P. A. Shanor, Cumberland.
& A- V.5.t.'rburr. Cumberland.
P. J. White. Latham.
V. C. Yost, Herald Square.
Trade Representatlies
American .Feather Company I Stern,
wholesale millinery, Breslln.
B. Axo & Co. B. Hark, manufacturer
waists and dresses Herald Square.
M. Cravls & Sons J. Cravls. manufac
turer cloaks and suits, 33 West Thlrtyfourli
street, Walllck.
Hill Company S. Delevle, bojs" areir,
Aberdeen.
T. 17 111...... ,-........ n ci A. ...
and basement coats, 470 Fourth avenue.
nuiuccii.
Largman Bros. J. La reman, manufac
turer man's neckwear, 200 Fifth avenue.
C. S. Majer & Co. C. 8. .Mayer, manu
facturer waists and dresses, Aberdeen.
M. Smith, mohair silks. Imperial.
N. Snellenburg & Co. Mrs, C. Arnold,
children's and infants' wear, 1281 Broad
way. C. S. Tanquay & Co. C. S. Tanqutr.
manufacturer women's cloaks, suits, Ortaa.
J. Wanamaker A. O. Cressman, muilla
underwear. Infanta' wear, waists, Broad
way and Tenth street. Breslln.
-ran u oeuer. reaay to wear it. i
Bernbaum, coats, suits, furs, dresses, SOI
Fifth avenue, care of Abel.
T.tn Wall. rnn.nan.' XI I'.i.l.. i.1l.
facturer waists, 30 West Thlrt'y-seconl
Bireet.
STATE FOOD MEN NAMED
Appointees to Cover Territory In
Westmoreland und Fayette
Washington, April 4. Appointment
of two district representatives of the
United States fuel administration for
service In Pennsylvania are announced.
The annointees urn Julian B. Huff,
who will have headquarters In Green-1
burg, Pa., and W. L. Byers, who wlllj
be located at Uniontown, Pa.
Mr. lluff'a work will be In Westmore-1
lanu (.ounty on the Pennsylvania itau-J
road main line and branches north of
Ruffsdale, excepting Sewlckley branch,
connecting at Youngwood between Pitt'
calm and Blalrsvllle Intersection, Mr.'
Byers will work In Fayette Count
south and west from Banning station
through -Whltsett Junction to Browns
ville and In AVestmoreland County on;
the Sewlckley branch connecting t.
Youngwood and along the Baltimore
and Ohio Mount Pleasant branch, con-i
nectlng at Broadford.
ltc-clect L. and N. Railroad Director.
Loursvllle, Ky., April 1. Directors ot
the Louisville and Nashville KalH
road Company have been re-elected andj
the annual renort showlnir oueratlne revi
enues of $7B.90",38V. the largest in the
history of the road, was approved. Net
operating revenues for the year vreM
.33.908,68:, as compared with f::,SS.aj
009 in 1916. The excess-profits trt
tmounted to Jl.245,108.
JJANCINO
FIRST ANNUAL
SOCIAL AND
DANCING CONTEST
given by th I. D. IC Club
Conducted by
Mr. W. Beott Sanilron
Iriday Evening, April 5. 1918,
at Coil's Dancing Academy
40th and Market Streets
Kr.u.e'. Orrbe.tr
1tW. Net Prneal. (nr
Soldiers' & Sailors Tobacco Fundi
Tn addition to regular Dancing Contest.!
maiemnt will cond" a roitest In ""''J
"Boys in Uniform
only wilt partlclroite.
Coo ajd sen boys from anary 8tl It ,
Union comrttt. ,
vm
f
I
! a',