l
wwagiMawMffiB! sr?- rsaa r
?' j j ... , , .-. ,,-: -(.-- "
lt ' t- I II
fMClAI CIRCLES
BELIEF THAT
LOST THEIR
SCbnfident That Situation in
H V 1.1- m r
iuvuruijie man vcnsorsiup lnuicuics.
Gossip of the Street
JffpHERE were different opinions prevailing In flnanclal circled In this
city yesterday as to the reasons for the unusual strength of ihe stock
i market. Stra'nge to say, a majority of the opinions were to the effect
t that affairs In Europe are In a more favorable condition than th'o close
f Censorship permits to be known.' One banker, In support of this argil-
7 Rttl4. TlAtntnrf nut ilml laaa, aiMa.ait.jat tana. ( ala ItiA
i - fwtm.u uu iiiak i no oivtik turn ivvl hub utn tkj tt build vuo r u
if began, reflected conditions about a week ahead. He says there are cer
If t!" biff Interests who are In touch with military experts on both sides
cf the Atlantic, and that their operations can bo traced to the advice and
r news which they are In a position to secure ahead of others.
5 "There Is no particular reason why I should have a feeling that the
'. news from Europe which Is coming will bo very favorable," said a well-
Known Broker yesterday. "I have
read, perhaps It Is bcciiuoo wo are
, remarkedY "but I have mot a number of other men who feel the same
j way. It may be that It Is the reaction from our fears that the Germans
t would break throligh In their last big drive, which failed, and now when
, these big drives are threatened we don't seem to mind auch threats."
Quite different was the opinion of another banker In the central
, district. ' i
' "I am pessimistic over the outlook," ho said. "I was at a meeting
last night and heard a lot of things to confrrtn my opinion." he continued.
r
"Tllif T rnmlHei thnl Bnnaith r X .nrA
warned us we have a long war before us, as very significant. I also
heard at that meotlng a man In a position to know sny that mechanics
) in the steel and possibly In the allied manufactures were about to mako
a. demand for higher wages equal lo 1 an hour.
, "If this ! granted," ho resumed, "I can see no future for the bond
business. I can see a future for the stock market In Inflation In prices of
Stocks. Particularly industrials, hut nn outlook for honds with their llm.
i lted Income to meet the Inflated cost
with their bnds and Investing the proceeds In high-yield stocks.
I'The present prices for the different Issues of the Liberty Bonds," he
remarked, "shows thnt succeeding Issues must carry 4a higher rate of
Interest than 44 per cent unless there is a change, which I don't an-
r- -tlclpate."
"The fashions of bonds change," said the manager of one of tho
largest banking nnd Investment houses In tho city yesterday. "For a
long time past every purchaser asked about the jleld; now they don't
discuss that subject. The call at present Is for 6 per cent bonds at par.
Purchasers want to know Just what they will have to pay and what
they will get In return for their money, and 6 per cent seems to be the
demand. Of course," ho continued, "Industrial and public service bonds
are most largely represented In this particular category and we are
having qulto a demand for them. The Indications are that there is still
plenty of money left for Investment."
Bond Market Reflects Improvement
Itls generally conceded among the bond houses that the bond market
Is beginning to reflect the improvement In tho stock market, especially
'fn the actlvei Issues, which have been advanced from V4 to 2V4 points.
The Improvement In price? Is particularly Bhavvn In the high-grade rails. .
The demand for tax -flee municipals Is good, with few rfferlngs.
It Is said that the 8,000,000 of one-ear 5 per cent notes ejf the New
York Central which mature today will bo paid, tho Government having
already madeXadvances to the road aufllclent to permit .liquidation of the
obligation, in fact, It. Is said that the $6,000,000 secured by the New York
Central Railroad through tho efforts of Director General McAdoo from the
.Central Trust Company of New York Is In part to meet these notes, he
Michigan Central Railway being a part of the New York Central system,
...
Each day the short-term note market Is becoming more active and
' there ls a fairly substantial turnover of these securities, with prices
tending upward. Houses which specialize In short-term notes look with
favor on tho immediate outlook.
fylany Causes for Advance in
Many reasons were given for the sharp upward movement In rail
stocks on the exchanges yesterday. One of them, and perhaps the most
'Important, was the persistent rumor which has been current on the
Street and In brokers' ofllces for several days past, that an Increase In
rates, both passenger and freight, would be announced at an early date
by the railroad administration and that thla advance would exceed the
roost sanguine expectations of the railroad men. Since such an advance
was predicted In this column several days ago it has become a matter of
-geiieral news, some papers going eo far as to state that the Increase in
freight rates will bo 25 per cent and that a universal rate of three cents
per mile for passenger traffic will be established. Official confirmation of
these figures at any time would not occasion any surprise and might not
influence the railroad quotations, aa the have largely been discounted
, already.
' Another reason given for the upward movement in railroad stock
prices yesterday was the financing of the New York Central Railroad for
$,000,000 by the Central Trust Company of New York for six months
Jgtf' th$ rate of 6 per cent per annum, at the special request of Director
(General McAdoo, after the officials of the New York Central had reported
Mhat the best terms which they could
i There are undoubtedly many concerns that would be glad to borrow
$6,000,000, or even one-half of it or
afcut th director general very wisely
. MnH tVt i-nllrnAfTa nrn
jur luuucy, " " .--- -- . .-
finances and operation, the opinion on the Street and among flnanclal
men Is that with such security behind the loan a higher rate than G per
"cent under the circumstances was not Justified.
Jt Is said the New York Central asked authority first of all to sell
collateral trust notes," Tout the proposition did not meet with the approval
r of the;director general.
' '" There was a third reason, advanced for the strength of the railroad
locks' yesterday, but ft was founded perhaps more on rumor than fact,
frt waafo the effect that the final draft of tte agreement between the
i Government and the roada a to the matter of compensation had been
completed and was satisfactory to all concerned. There was novway of
confirming- this, but in some quarters It "was accepted aa more than a
probability.
h( Guaranteed Deposit Bill
x There is no sympathy In banking
Mil No. 'UZt,, providing for. a guarantee of national baik deposits of
HMO and less.
fxTha'tfeneral opinion waa sammed up by, one banker, who aald, "Who-
j. yW ' 'L..J .11.1. a Villi BhrtiiM YlM nl.A In' A hAm- a k- ..M.
n.jclng their protest against the provislona of this bill the entire
nberwlp of the New York Clearing 'House Association says:
fr "8wld such a proposition be enacted into law any national bank,
. L:f...M.nAiiil ! Afflrlal vnanantra hnwnviii 1twiltaj4 it n.nlul
! .2 ..... I v, fl.M nt
t
itur; however venturesome in
jii.rA.H hon-aversantlnsT In
w -r-----i -.-.--, , .. .-
s have shown to do inaispensaoio id Bucceawui Dnic faanage-
ii-ft bank would, neYertheleas, be abla to solicit buaintaa, truth-
L'll.. VAl thai,- Annttllm fM. erAtseUs .IS ShAVS mimmiJt V..
.financial strength of the Vrhol patlonal system Qood bar,
ha comDalled to'give of tht-lr Itrengih.to indue th Graafian
n-to auDDorti tacomoetent
;g,fProprontlri,vfoltlon'of cftrtmon Juatlce nd cemiit
,Tjii elefhorr'ii,ai'n' .n,one loeaJltjr wou!4'(b Hiuqtd ii( ,
penaate,jor tnemu$nwnaBineni, pr oapxa nunaena or tv '
6(;U'ldUUist and. over which na'autuai .control' acrr!...,
opl ahould balowfd to exeyaU yhaVione mr twlnttaa V i
tbay'; 3Wcljiwat, aa h 'MifcJ,r;ainMa;ietlWt$tiis
and' i04Vssiij';inlfMT
wabiiavoa. janrta
ARE FIRM
GERMANS HAVE
HOPE OF VICTORY
France Actually Is More
1 ' T-J! .
an Intuition; perhaps from what I
having virtually, no war news," ho
Cttf-rnn n ft stni-s nirn whnra h
of living. I can see people parting1
Raib
get was 7 per cent..
less, at a 7 per cant rate at present,
aocs not wish id encourage nign rmes
tinder Government control, hnth nn in
"Feeble - Minded"
circles In Philadelphia with Senate
Ita .otlvltl--. Knnru-W .).,- ... -I.!...
buyinf .deposit by paying excessive
theDroved'aualUlaa which 'tim nn
..--,... -., v. j,...H ...
rlvals ( r J y - x rN v
ai' WdWl wOHm f.jiiaaany
irycyw mf w s nwtm r ssmw-,
tJtM42.r - j, ... r.tjf rf
CRAiN AND FLOUR
KHRl- v....,-! ,. . l t..L
KHr.. T1 "liloi follows! C.r ion,. In
IStfiLonl, !?ra prlrt No. 1 nofth.rn
prlnr. J.3Ti No. I K.riJ nlnt.r. H.STi No.
J. durum. IJ 27 No I hard whll-, 2
r-a !-!-. .No. I. 13
Kb
t. -a. l-"-l-M"'..?ir". -.--
..,12 3tl 'Oil.
R.V ZT.t'l ? r- I; " nimum ri'.-
" WW,
.... S I-r o. a. I2..11 ao. 20.
i-"L,,etl- No, . ti.JUs do. No. i.K 1JJ
.fit ' ' '''' d0 ""f" 'rd 2-02
n-S'-i1 lnlnum urlcfii Only lo b J
IJ1 urten ,h" 'r Qunllltf. In th wheat
r hlth -noush to w.rr.nt It.
,,7. ' wht Mlmutn rrlcn containing
,...i "V "t nllur lo 18,5 pr cnt mol--Jure.
4c undfr No I or No. a rd. I3.2S!
f.iiii ,0.'i I1' '2 S1 Walmum prlc. con
,.vi.",.'",D. ,0 I"r rfn roonturo. 00
.onrr,s,;8is!.o!r No- ""' U2U "-
v.- "; ' wneai. maximum rnce rte unaer
,ro, 4 whtatt Maximum rrlce tic undrr
rn. r-..i; .no.
Maximum prlc
p cnttnoiaturi
I. I2.S1 ! No. tl
nntilnln. Mn,
No. S wheata Maximum prlc cfntalnlnir
85. ?'rM3 "" 5nliolalur Bo under
.-. . vr ,10, o rea. .".2ii o. n aon, -. ip
Maximum prleo containing not over 14.1
rr rnt innlstiir.. 1 unri,, Nn.
r No, 1, or. No
2."d, 12 20i No. II aoft ted. tl 18. Maxl
mum rrlcs containing not over n per cent
AT, -rt 1 II 1MMV1.
.;; unaer r. i, or o. o rea.
12,10: Nn. t, .oft red, 12 IT.
, --..,.. ,n..i.ii.iiuicii on iiiciii. uut
. jno S.n. "h" '" " hither than 4o
....rr j-,0. i or tne auDdaaa repreaentva.
Smutty wheata Valu ahall he determined
frch sample bitli of tho clan and ub
claea. t'OHN nerelpts, :.3tfl bush The mar
ket ruled iteady under llrht nfferlnrs. hut
trad waa quiet. Quotation.: rar fnt. for
'eliK"1tr-No- 8 vellow, I1.T2S1.T
OATS nrcelpta. 73 set hueh. orferlnaa
"y". only moderate ana lu. ruled ateady
";" "jmana rair. miotatlon. 'o. 2 wnile
8l7 BV: etandard white. S484l.c: No. 8
Bihl,. B,Al,lJ -. .- . . V.. ., ' -A nil -
FLOUIt nerelptn. 210 hble and ll)7.90
jf" In aacxa The market ruled eteady under
witrrinaa urn a rair amano wuo.
tatloni To arrlte. rr IDA lb. naeked In
.D- r0,,on ""eke winter wheat. 100 per
"iii uuur. iu, ,aiir 1 1 -ini Kaneaa wneai.
m per cent tlour. 1 1 1 1. r.o : spring whtat,
ioi.HSTnt "our. I10B0O11.
.RtR.IJtR JJulet hut eteady, Wa quote
at il213.a0 per bbl. In aaeka, as to
quality.
PROVISIONS
The market ruled eteadv. with a mod
erate Jobblnc trade. Quotatlona follows City
'" in eeia. imoKed and air anon, ax
Weatern beef. In sets, emoked. 8c. City beef,
knuckle, and tendera, amok"d and air dried,
Sic-, Weetern beef, knuckles and tendera.
'JSTi. !.?( 83. Ilami, 8. P. cured looea.
2BV4v30tic. di, ekltn1 toote, 2SVl02Uei
an. ao emftKeo, .iiutrsouc. other nams,
moked. city cured, aa to brand and aver-
ae. IDU0H,c. Hidii amoiied. weitern
cured. 2H esiHcido. boiled boneleis. 4Se.
r-ivnio iinouiaera, H, i'. rurea. looie. ci
do amoked. 28c Delllee. In pickle, accord
Inr to averaie. loose, 32c. nreakfaat bacon,
tn brand and aerate. city cured. 40o.
Breakfait bacon. weetrn cured, 40c. Lard,
aeitem. refined. 27ff2H4r Lard, pure
city, kettle rendered. 2727Mc.
HEFINED SUGARS
Demand nil fair and the market ruled
steady on a baals of T.43o for lino sranu
Int'd. DAIRY PRODUCTS
nUTTltrf The matket ruled steady, with
demand .readily absorbing the limited offer.
Ines: Quotatlona: Solid-packed creamer
extra, 4ttVc; do higher ecorlnff lota, 47 6
41c: extra firsts. 41(R)43'ic: Urals, 4149
!t.Hc; seconds 41043ct nearbv print
fancy, extra, rjOr: fancy brands Johblna at
nlI3c: extra firsts. 48M6r. firsts 41
4Tr. seconds. 4244c; sarllcks 3941c.
EOOS Ofterlnas were more liberal and th
market ruled n shade easier, but at revised
figures demand was fair Quotatlona: Kree
casea. nearby firsts, $I0.80tf10 98 per stand
ard case, current receipts, 110 3TSin 80 per
case: western extra firsts. )10 8010 9S per
case: firsts. lo nipto r.o per case: fancy
selected eggs Mere Jobbing at 424lo per
doxen.
CHEESE The market wna quiet, hut
steady, under small supplies. Quotatlona
ranged aa followa- New Tork whole. milk,
fancy 28Hr specie Is higher New Tork.
hola-mllk. fair to good 23023c
POULTRY
LIVE Fowls wr In poor! demand for
ths appronchtnK Hebrew holiday hit! th
market m ncaln firmer unrlr llifht fCr
ttrlns. Other tieicrlpt Ions wer ncnr rally
Heady. Ouotatlontti Kowlii. 3231r. x
cptlftnal Iota hither. flprlnr chlckma
Wflchlntr l'i w: iba. aplect n.'uflSc. w?luh
young rooatrs. 24tff20c: old rooMera '228
23c. ijiickb. rcKin. -.'sotjiiv: no. mnian
Runner. 2027r Oae. iTttrAc. Oulneai,
per PBlr, I dOW1.o rigeona. oil per
pair. 4IIGP4-.P' no, younir. per phit. .bftF30c.
DRKSSKD Tli market ruled tirm uftder
ararclty, with demand equal to the offer
ings Thn quotations were a a followa:
Kreah-kllled fowla In bbla , fancy, dry
pleked. nelshlnir 4 lb and over apiece,
.17c i nmaller alsea H4&3c. Old rooatcra.
drvplcked 2tc Kronen fowls. 12 to bor.
miLkred. dry-nicKeti. tancy. aciectea. 3j'ic:
do. welshlntx 4 Iba. and over aprece. 35o: do,
welfi-hlnsSTfe Iba. apiece. 32fJ84c; do. walrh
Int; 3 Iba. apiece. 30031c: froien fowla. In
bbl a , fancy, dry-picked, weighing 4 Inc. and
nvtr a nl em. S4c: do. welahlnar SVi Iba
aplect. 82SSc: do. amallar aliea. 28080c
Froien broiling chickens, welchlnr 1H Oi
lbs. apiece, western. 40042c. Roaatlnti
rhlckena, western In hoxea, welghlnir 4W
iba. ana over apiece, sac: ao. weiciinx
Iba. apiece. 333Hc, do, weighing 8',i iba,
anterti. fllffJfl e: do. welahlnr 2U 6h Iba.
apiece. 2DOSOo: roasting chickens, western.
In bbls . weighing 4H lo. and over apiece,
88o: do, welghlnr S4M Iba. aplere. 31
-c; ao weigning -1 wa ioa apiece, Z8Q
80c Turkeys, nearby, dryplcked. beat,
83S4c; fair to good. 2Kinc: turkeya,
western, dry-picked, best, 82034c; fair to
good. 2880et turkeys, old toms. 34c: do,
common. SSCrSSo. flprinr ducks, Long
Island. 40fP42c. Bouabs. pr doz White,
weighing 11 to 12 lbs per doxen, 1707 2ft;
white, weighing 9 to 10 lbs, per doz., 0 2b
1 75, do. weighing 8 Iba. per doL.tnCr
ft 75, do. weighing 7 Iba. per doi 1404 AO,
do welghlnr A04H lbs per dos. 2 7ftO
8 23; dark, S102: mall and No. 2, 73c 012.
FRESH FRUITS
Strawberries were mora plentiful and
lower.' Other frluts were generally steady.
The quotations: Apples, per bbl . Wine
sap. Il7: Northern Hpy. I46T1 Albemarle
Pippin. 4T.50, Ilsldwln. 407r Home
lleauty. M7l Russet 1496: Oano, 3
4.75: Ben Davis 3 0: apples western,
per box Wlnesap, 12 50 (J 00; Black Ben,
12S: Spltxe-iburir. 1 BOft.1 Home lleauty.
IJff.'.76; Purmaln $1.7302.83: Newtown
riopln, l.nn2 RO: Oano t.7.i2 60:
apples, nearby, per. hamper. BOcOlt.ril:
apples nearby, per -bushel basket. 21c
US1.2S: pearlies, per H-basket carrier
Oeorgla. Il.ti03: Vlorlda Honey. U.50
3: lemons per box. 131(5; bananas, per
bunch. S2O8 30, oranges, Florida, per
box. ,14.7."lOK 23: oranges. California, per
box. 14 3007.30. tangrrloea. Florida, per
atrap. I37: grapefruit Florida, per box.
$2,3000; pineapples, Porto Ttlco. per crate,
3 3003 30: cocoanuta, per bag, Ij507:
atrawberrlea. per quart Tennessee, 7013c:
North Carolina, 70J3e: Norfolk. 70i;.c:
watermelons. Florida, per loo. M07J:
watermelons, Florida, per carload, JSUO
830.
VEGETABLES
Demand was only moderate, hut tallies
generally ruled steady. Quotations! Whit;
riotatoea Jersey, per Sfbushel basket 133
bs.V-No. 1, ao0SO.N! 2 13023c; white
(olatoes. per 100 lbs Pennsylvania. 00c
MSrNaw Tork. 00cl.23: white potatoes,
Florida, per bbl No. 1, tSOSSS: .o. 2.
1202 30. whlta potatoea Florida, per bushel
hamper or box. 73083c: white- poJJ";;.
Florida, par 130-lb bag No. 1. 1202 23:
No. 2 $101.30: sweet potatoes. Jo"'..?"
ta.bushel basKei ioa iui.-.,w. , ..
luce. North Carolina per hamper. $.S53:
1. 2a: cauliflower California, per crata. $1
2 30: era-plant. Florida, per box, $204: egg
planl Cuban, per bog. $103; cucumber..
Florida, per basket. $304.30: squash. Flor.
Ida. percrate $1.300 1.78! spinach. Norfolk,
per bbl., 73cO$1.28- kale. Norfolk, per bbl .
73c0$l.2S: beans. Florida per hamper. $20
8 73: beans. South Carolina, per hamper.
$2081 beets Florida, per crata. $1,8002 .30;
beets South. Carolina, per 100 bunches.
$4081 ptaa. South caro na, per nampcr.
$20St pea.; North Carolina, per hamper,-
a .a..- IfIafMi sar
"?KS"w.t:..5i.i: 1203 30; turnlns.
CaniSi rutabVMS. par 100 lb..; ' 30c $lt
$& SffiK .r basket. 2O0SOCI
U.2SI cabbara South '.Carolina, par bbl
'.:7ltea.if so- cabbage. Norfolk, per bbl-.
crate 7c$l.S0; ontona. Texas, new. per
1.2BI wsiHcrrw, "-..-;" - , --
musnrooma, yr
--Ti . IK IP
13 333c.
CLOSING LIVESTOCK PHICES
Bouth Omaha. JJar IB.-rHOOS Recelnt.
today. 8$00 bead. Market kad lPo to Wo
,0CATTt-B Becelpta today. f800 head,
Market 1(o o t8e higher. j
M",.Vwi.JR int. indar. 000 head. Mar
ket lower. .
- I I ' V
i w . ik xirwlBRaratnta tadar.
'."-lO'eas"- .' ".." vi lft hue' nulu
iiusa "''" ..- w. ""'1'
w.
'rkrii Vt-t ,18, CATTtJfclla-
L!L1:'-.KVX&SXIu,.
i . -iv.rr "vr". ,i i"i'.Tr:
ai.ooo iMiai in
aaJalX.' taOt'leMMUar'.
PHILADELP
'-
'lff
Mita.
iWHMtWHt0M$ lA&mr 'L'.Vjw"
'Market Reports
TU dailu report U ttnt out by tn
Bureau o Markets of In, Ufllfed Staiet
Department of ApricuUure, Philadelphia
branch, icilh htadqiiarteri at 100-ili
nauranco Kxehantt tlullillng. s
(WhoUgale prices on tar lots to
.lobbcrs )
FnuiTfl
APPI.KS Per barrel (4ft In 41 nl Berks)
Maine, Hen Davis, $3,23, New Tork, Bald
Winn, .,,
PKACHKS Oeorgla llarnower. l basket
crates beet, $202 30: poor, 7SC0$1 30
PINBArPLK.i Porto rtlco. per crata IJJ
to 4a pineal. 13 PO03.73.
RTnAWBEltltlKS Per nt North Caro
lina 132-ot crate), Klondrkea and Mleslon
arles. 10013d poorer. 208c Norfolk no
arrivals. E. S. Virginia S2-Qt. crates),
mixed varieties, 12013c: poorer, nt&llc.
Tennessee f24-qt crates). Aromas and Klon
dykes. 10013c; poorer, 4 One.
VEOETABLKS
AnPAItAdtlS-Nesrbv. sreen. ner bunch
Colnaial. few rales. 2202V few. 27ci
fancy, 13ift22c; few, 23c, primes. 12013c;
culls, a 012o
UBANS Florida, per bueh basket (14 tn
in qt. pecks), gre-n. 2(t: 23: wax, is.
Charleston, green, $2.23, Havannah, wax,
$2 7
nt,r.iiroiiuia .rcitiiM, vr uunv... r ...
CAnnAQF. South Carolina, per crate tl)
to usi pounrt.j. pnenrii ou.
CUCUMBEna norlda. per bueh hamper,
fancy. IS SO04 SO- choice, tl 2308 23.
KOOrUANTS Florida, per crale, fancy.
4W4 .-(: cnoice, iswa &u
KAI.E Penneyhanls. per barret (20 to 22
qt peeksl. $202 23 Per box, 4f0SOc.
t.BTTIICE North Carolina. pr hamper
(3H lo 8H doxen). BOc0$1 73. Pennytva.
nla. per barrel (BO to 60 heads). $2 7304.
K S Virginia, hampers, 73c0$t 30.
MUSIIItOOMS Nearby, per round (2 to 4
lb basket), 20043c
ONIONS Texas, per bushel crate Tellow.
United States. No 1. $1.4001 bo i No ?,
$1 3301 40 culls and boilers. $101.23, wax
boilers. $101 23.
PEAS North Carolina, half bbl hamnr
(1. to 22 qt pecks), $2. , Telephone peaa,
poor. 2ff2 73
PEPPEH9 Florida, per crate. $3 2104.
POTATOES -Florida, per double-heed bbl.
40 qt. pecks). $103 23: No 2. $2 1302 30
sacks, marked 13 lbs,, No. 1, $202.23: No.
2, $1 2301 Bn Bulk, per 100 lbs Penn.
vlsnli. $101 10. few Naher New York.
United States. No 1. $10123
ItADISHES Nearby, per bunch, H4 0
"Wo
imUBAnn Neatby, per hunch. 1U 0
214c
SCAI.L10NS Nearby, pr ion buncht-a.
SPINACH rcnnslvanla. rr bueh box fn
to S nt. recks) 23040c. New Jersey, "
bueh basket. 3ff2Be
8WKCT rnTATUKS riearnr, per t
bueh hisket. No I. $1.4001 30.
TOMATOES Florlds. per basket era I
VV C fancy. $3.73 04 BO choice. $2 730
s 30 E C . fancy, $2 3003 23; chotc.
$1 r.nW2 30
WATHRMBIjONS Florida, no sale.
AUCTION SALES YESTERDAY
APPLES Northwestern, per bueh. box,
Newtowns $2 m2 10.
ORANOES Florida. Pr box 112(1 to 130
In'box). $I30i do (170 tn 2a In box).
H.OOlifO .Csllfornla, pr hot (120 to 110 In
Ivix) $3 0308: (lo 117D to 321 In box), $2 .11
(IUAPEFRCIT Florida, per box (1(1 lo 80
In box). $J.C0 037.1
I
SECURITIES AT AUCTION
The followlhfi ;cciirltle) wcro sold at
auction today hy Ilarnrs A- l.olland!
$1000 Txan Summit Branch Ccal Com
pany l-t $1
Chicago Hallway Co (participation
certificate for 23 equal parts). , .Lot $3
STOCKS
10 ehrs. North Penn Bank: tar $100. 130
13 shrs. Continental- Lqullable Trust
Co : par $30 .,
4 ahrs. Philadelphia Bourse common:
riAr sr.o . . .
83
3
1 shr Stsndard Oil Co., Now Vork:
nsr 11 111) "
4 ehrs Philadelphia Bourse common
par $30
3 shrs. Philadelphia Bourse pre'
forr,.,!. rar SJ1 .... .
3',
10
ST ahrs. Klmberly Consolidated Mines
Co : pur xi
An (, IVaat l.Tn.1 f-nnNnltila (d Mln
10c
Ing Co.: par $3 . . . v Lot $.3
2 ahrs National Transit Co., par
$00 1-ot 55
32 shrs Caddo Oil and Refining Co.
of Ixulslan . . '
200 ahra. Tecopa ConsollUted Sllnlng
Co.1 par $1 ..I't 'l
23 ahrs. American PIP" and Consirui.-
tlon Co.: par $100 4
03 ahrs. American Pipe and Construe-
tlon Co.: par $100
3 ahrs. Atlantic City Company: per
$100
UDl f
$11
ItaeA 1.b. flsianwiilae fn fltlrt s ttntfN A.
SmHter Co,: par $5 lot -8
a m.H Iiasllanil fdmarlt I n. 1
par $30 - l"
08 shrs. Kdlson Portland Cement Co,;
par $30. 30 shrs Kdlson Port
land Cement Co preferred: par
$50 ( - -B
10 shrs. Auto Manufacturing Co.: par
$10() , lJl 3
23 ahrs Maureo Tobacco Co.; par
$10 1-"' :0
320 shrs Ohio Tonopali Mlnlne '" ,,
(purtlclptallon certificate).. Lot $4
100 shrs. Ooldfleld nelmont Mining Co :
par 1. s.'O ViianL ionium
-nt rrt. (sprint certificate). .Ixt $-
400 shrs Ohio Tonopah Mining Co.;
par $1 .-,1'' "
BOO shrs. Calnrls Manufacturing o.:
par $23 ... Lot $1
000 shrs. United Ktatea rneumatic
ltoran collar in.: par i. . i.i e
3 shrs. American Ceimnt Co; par
-,0 Lot $2
10 shrs. Anaconda Sonora Copper Co :
nsr no Lot tl
100 ahrs t'ooley furniture Co., par
sco ,.,, ... - . -
00 shrs. Pioneer bmoke Indicator Co.:
pnr $60 .J.-ot $1
30 ahrs Tanners and Mechanics Na-
ttonal lianki pnr $100 103
8 shrs. Farmers and Mechanics' ha-
tlonal Bank: par $100 13
25 shrs Kensington National Hank;
par $30 . I
40 shrs Market Street National Dank;
par $100 ISO
5 shrs. Quaker City National Hank:
par $100 ::. 'i1
2 ahra. Minora' National Bank, rotta-
vllle. Pa.: par $50. JJ
1 shr. Franklin Trust Co.: par $100 132V
15 ahrs. Liberty Title and Trust Co.;
par $30 .... i3
dahrs. Fire Association of Phlladel-
phial par $sd :,' a04
S ahrs Fire Assolatlon of rhiladel-
phial par $30... 304
3 shrs. Independence Flra Insurance
Security Co.: par $23.......... 31
13 ahrs Manufac(urera' Casualty In-
sursnee Co 10
4 shrs United New Jeraev Railroad
and Canal Co : par $100 1831.
1 ahr. John tl. Stetson Co. common;
par $100 313
12 ahrs. United das nnd Klectrlo Cor.
poratlon first preferred: par $100 40V,
15 shrs. Vtrglnlsn Power Co. com-
mnm nsr 1100. ....... .-. ln
331 ahra. Tenn Trafflo Co.; par $2.30.. 2W
BONDS
$2000 City of Philadelphia. 3W per s
cent. interest January "
July. Iteglsterrd. Due 1031..
1000 Helena Gas and Electrls Co..
per cent. First mortgage.
Coupons April and October.
bus 1931 v
3000 Lancaster Water Filtration.
t.pp rsnt. Flrat mortaaae.
estt
T4U
(oupons January and July.
nue in. 3
700 American On and Electrla Co.
100
3 per cent, Collateral trust.
Coupons February and August.
flu 2007
1000 Baltimore and Ohio Railroad Co.
(Pittsburgh Lake Erie and
West Virginia). 4 per cent.
Refunding mortgage. Coupons
May and November. Due 141
1000 Borough of Dunmore, Fa., 4H
P4r cent. Oeneral Improve
ment. Coupons April and qc
tober. Due ItSO
2000 Lehigh Valley Railroad Co., 4
per cent. General conaolldated
mortgage. Coupona May and
Novsmbsr. Due 2003 .-.
1000 Pennsylvania, Co.. 4 per cent.
Merles E. Coupons May and
November. Due 1032 t.-
1000 r.nniylvanla Railroad Co.. 4
par cent. Consolidated mort
gage. Coupona May and No
vember. Due 14. .........
1000 City of rittiton Fa., H per
cent. School district. Cou
pons Februsry and August.
Dua 12 ....,....,.......
2000 Reading Co. (Philadelphia and
Reading Coal and Iron Co.). 4
per cent, General mortgage.
Coupons January and July,
Dua J89T j
300 Salt Lake and Ogden Railway
CO., I p.r cant. First mort
gage. Counona February and
August. Due 1M4.. 4, ......
, 100O United Railway Invstm.nt Co..
per oeat. Collateral trust,
Coupona May and November,
77Vi
71S
99
77U
83
SOU
nti
84V4
85
BSV1
2000 Wllkaa-Barra. Pa., 4H percent.
suhnal district. Coupons May v
.and November. Due Its. ,..-. 0V
. , Important Crop Report ComIhj '
Washington, May If. Two Importanf
reports on the cotton and grain crops of
the country will ,be nude early next
month; ithe uepanm.ni or Agriculture
aaaeaini
aoe.Hfey,
That an tha oanaltttaa
eit'cottoa.'
;a or-
f'Mar 3l.wlll.be. lauJ
jm a ski
. o'clg. -wmie on jihm.t at
fr wBDygAT.ajMAY. , ymj
' i . t i" t4ir
l'fM'"wPW "' " "
wiWATi&irm
cooow:
,??'
irftiimJiALAAs
Weather Favorable for Satisfactory
Advancement of All
Crops
Washington. May 15. Th Goicrn
menfs weekly weather report says
weather was favorable for satisfactory
advancement of winter wheat and the
crop made nood growth In virtually all
of the principal producing areas the last
week.
The temperature averaged nearly nor
mal In the wheat belt and rainfall was
nenerally moderate to Hunt except that
heavy amounts occurred In the Ohio
and lower Missouri alleys. Numerous
severe wind and hall storms occurred In
portions of Iowa and Illinois but little
damage, resulted to wheat crop
In Kansas advancement continued ex.
cellent. The seeding of spring wheat
Is nearlng completion- In the more north
ern portion of spring wheat area and the
higher elevations of the flocky Mountain
district.
The week was favorable for germlpa-
iion anu growth except mat some aam
age was done In North Dakota b v cold
weather. In Minnesota and South Ua- I
kota the outlook continues excellent
Then, seeding of oats Is nearlng com
pletion to Northern limits of the country
and Ihe outlook continues generally sat
isfactory although the growth was re
tarded In rome limited area nnd the
crop li heading low In California, in
tne southern States the crop continues
generally good: It Is heading nicely and
ripening in some locantiees.
Ilalnfatl waa cenerallv mnderata to
light, which permitted of much needed
cultivation in more southern ureas while
the generally higher temperatures of the
week, with sufficient toll moisture every
where, from central portions of Texas
mm uKianonm eustwara, promoted
growth vthere the plants are up nnd fav
ored germination of tho late planted.
Improvement In the condition of cot
ton Is rrporteld from virtually all Im
portant producing areas, the recovery
being marked In some localities, particu
larly In Georgia, Mississippi and Lou
isiana. In Southern Texas cotton la normally
advanced but la still late elsewhere In
that State and considerable planting
nnd replanting Is jet to be done In the
north and west.
Farm work progressed satisfactorily
although delated by wet soil In the
eastern portions In the first part of the
week. Planting Is nearly completed In
the northern States of tho belt and the
seed Is germinating well.
Planting has been completed In
Georgia, and chopping has been finished
In tho southern portions il l pro
gressing In the northern portion. Chop
ping has begun geneiallv In the central
nnd southern portions of the belt. Boll
weevils have appeared locally In tleorgla
nnd are reported as generul In Kloilda.
Financial Briefs
Uross opeatlng revenues of the No'th
America Pulp and Taper Companies
Trust for the year ended December 31
were $3,528,451. This compotes with
$3,963,110 the previous vear. or a rie
ireaso of $434,659. Operating profits
Increased $89,341. with total Income
showing a gain of $510,48.
nenoMta of the National Hank of
Ormanlonn have passed the $5,000,000
mark.
At annual meeting of stockholders
of the Northern Liberties Oas Company,
Joseph Moore, Jr.. president of the
company, and C. C. Keblger were re
elected to the board nt trustees.
The New York SuMrcasury gained
$442,000 from the banks estetilay..mnk
It g n cash net gain since Friday of
11,221,000.
Ths animal report of the Lanston
Monntvne TSUchlne Company for the
fiscal year ended February 28 shows
profits of $822,055, compared with
$822.51" ln 1917. .Net proms were
$502,033, en,unl to 8 4 per cent on
$6,000,000 capital stock, against 12.6
per cent the previous year and 5 7 per
cent In 191B-16.
Charles Sohngen, John r. Prather and
Clarence H Fox were elected to mem
bership on the Chicago Board of Trade
Deposits of the Franklin Trut Com
pany have passed the $6,000,000 mark.
- DIVIDENDS DECLARED
Standard Oil Cloth Company. nusrerv of
1a per cent on class A and class ft pre
ferred and. a dividend of 1 per cent on
common, payable July 1 to stock of record
June 13
National Sugar Refining Company of New
Jersey, regular quarterly of li per cent,
pavable July 2 to atock of record June 111
Canada Machinery Corporation, a dlvl.
dend of 2 per cent on common a
Pennsylvania Lighting Company, regular
eemlsnnuat of 1 '4 per cent on common, pay.
able May 81 tn stock of record May 21
Standard Oil Company of New Jersey,
quarterly of $3 a shsre payable June 15 to
holders of record May 20
llllnola Plpo Line, semiannual of $8 n
share payable June 20 tn atock of record
Msy XI
Republic Iron and Steel Company, nuar.
terly of 1 per cent on common and of IK
per cent on preferred The .common Is
payable August 1 to stock of record July
20 and preferred will be paid on July 1
to atock of record Juno 19,
Reading Company, regular quarterly of 1
per cent on second preferred payable July
11 to atock of record June 23.
Republic Steel Company, quarterly of m
per cent on common paabte August 1 to
atock of record July 20, and ! per cent on
preferred, payable July 1 to stock of record
June 18.
RAILROAD EARNINGS
BALTIMORE AND OHIO
1918 Increase
March gross I12.00T.2RH $2 314.321
Ralance after taxes. H7R.42H 47A rM
Net operating Income 202,228 'SI?, 792
Three months' gross. 28,313,241 3S1 467
CHICAGO. INDIANAPOLIS AND LOUIS
VILLF.
First week May $175 888 $
From January 1..... 2,923,821 108,087
Decrease.
NEW YORK COFFEE MARKET
N'.w York, May 15 The market for
coffee futures opened at a decline of
3 points Trading on the call was quiet
and confined to the September and De
cember positions.
The market continued very quiet. Un
der Government restrictions. Interest In
futures operations appears to be steadily
diminishing.
The market Is In an unnatural position
and offers little Inducement to either
buyers or sellers. There was an an
nouncement this morning that the Bra
zilian Government had prohibited the
giving of names of steamships and ports
of destination, which will necessitate
shippers cabling to their representatives
here when steamships carrying certain
lots of coffee have ceared.
The time of filing monthly reports
with the Government of transactions on
the New York Coffee and Sugar Ex
change haa been extended to June 1.
. Tsat
Oown High T.OW Closa rlnss
July , e.aa n aa nsn s.SD
September. 8.44 8 43 8 89 K.42
December.. 8.39 8.39 8 37 9 ST
s M
4T
S S3
8.79
March .... 8.09 8.73
LOCAL MININC STOCKS
TONOPAH STOCK8
dm
Ask
:B
.0
.09
.is"
,10
.11
.13
jim Butter ..................
MacNamara v..
Midway
Mlspah Kattnslon
Montana
.OS
.da
:ot
Northern star ........
Rescue Kula ...y...,
.nir
West End
,2
OOLDFIELD 8TOCK8
Atlanta . ....
,0S
.i(r
HIllM HUII . .
.(!
.??
WAAth ....... ....... a ......a- .09
ei
:.
.03
.03
.09
.02
.OS
,0S
:fi
S3
Otsmondaeld B P -0t
TalaV -. ......a...........aaa .01
Kawanas 4....t.. .04
Oro .....,(. -ot
Hanaatorm Ksnoau .( .wi
Sliver Pick ,...'... .. "'
MISCELI-ANKOUO- '
Arliona United .,,.. ,.,. ... ,2(1
Nevada Wonder ..,,,,.,..,,,. ,0
Tecopa Mining .i.......-..i.. .SO
LONDON STOCK MARKET,
London N.tT" v
H? V.,Ji .a
Atefiison ,,.......,,, vy ."wja
Canadian PioWa ,v... Jf J?
Cbss .Oble ,,r!...,; m
i.jraisi. i.)iti!,
V
T '
tt 4
' waf
;.4. i-.j .-,.-?
BUSINESS jUAKMtm.
h OF PETEti FLINT
i Story of Salesmatuhip by
Harold Whitehead
fCervrtffM)
Ur. Tfalf.aeod will "twrr J" My""
mpknimtnt. Atk your aaesllons eleoriu on
aiyt all. (a.
run aavfeeis
Taos. icMcft
or (sc(rcr Kill e uot'en (alo l ",rv "
i-cicr rlitl.
LXXXIX
I WANTED to tell niller and his slsler
Margaret about my bathtub agency,
eo I went around to their house tonlfM.
Wallace was out, but Margaret was
home'and so I didn't worry much Home
how, though, she didn't enthuie worth
a cent over my agency.
"? "' ?u " "j,,,. ,,lck 't0 your one '
would do better to just stick to yo
ni'i vnn think, rater, mat yu
jQni
aefs. Your corrcr, m.-.v---are
nnontmoysmust '. W'SSi
(?."'.r. '. .I"e"' ""?."I. 'ZZ.u?;,, It
"Pint thla other work- wont ciasniine ivcKisirniion uommiasioners uiruusn
vi(h irv nrtth Mlnton at alt. Don't the malls These notices summon loters
with my work with Mlnton si . I . . h . n ... r.,r.,inn ue
,mUe7heVhf "sl cl;edm,Sur,,yl!.as been ch...eged to appear before
can't object to my maUlng a
little more money l
"Have you asked him?'' -....,
Vhyas a marf '"''J "DU?A
ought of It. I don't think h. wouia
IhotlaTht
want to be bothered with ft little matter
like that."
"Isn't It a fact, Teter, that jou don't,
want him to know?"
"I don't care what he knows," said
I, but I had an uncomfortable feeling,
for I remembered that only last night
I asked Mike to be sure not to tell the
old man. ,. .
I certainly hope you will be suc
cessful, Peter, but I do wish ou would
give up these fly-by-nlght things."
".Vow, Margaret," said I. feeling hurt,
"t don't think that's fair of you; I
don't want you to Judge me as a fellow
who takes on anything that Isn't nulte
right."
"Oh! I guess the proposition Is all
right. Peter, hut, you know, I that Is,
Wallace and I like our friends to do
big things and oh. well you wouldn't
understand, but we both of us want you
to he a real success."
In her earnestness she leaned for
ward and placed her hand on my arm
I reallted then that I was more than
fond of Margaret. I don't know why I
made such ft fool of in) self, but I caught
her hand and said, "Margaret, I'd do
anything for you. Just say the word
and there's nothing you can ask me that
I won't do."
She looked surprised and said, "I
don't understand you, Peter."
"You don't? Well. Margaret I know
I ouaht not to tell you. but I must. I
never saw anybody that I thought so
much of as you. Do you think you couia
ever "
That's as far as I got.
"Peter Flint, are vou crary?" she
asked, rising suddenly. "Until you have
made success In some one venture I
could never care for ou other than
as n friend of Wallaces. I am sorry
for ou, Peter, and I pity you, but
"Don't vou city me!" I said. "1 don't
want your pity or anybody else's: and.
If you think you have acted right In en
couraging me on like you hav and then
to throw me down like this. I
I think. Peter, you had better go
before you have said anything more that
nu will be sorry for." Margaret's face
had gone white and she was biting her
lip "Oh, why don t ou go7" she said
again.
The room was dancing bfore my
eyes. My heart was pounding furiously.
I felt my temples throbbing and my face
burning. Thrown down cold and hy the
one girl who I felt could and might
have helped me!
"(lood-by forever," I muttered, and
vren I got outside the door I headed
for the river. But the night air cooled
me off after a bit and I began to realize
that I had acted like a five-cent movie
actor.
I took the trolley back to Walton and
hy the time I had got to Mrs dough's
I was more like myself, but how bitter
1 felt ngslnst Margaret! 1 love her so.
and jet how I hate her' I feel as If
I want to do something to hurt hw. If
this Is love, It Isn't all It's cracked up
to be.
TODAY'S nUHINr,. KI'IORAM
Von't lose your head and heart at
the same (line.
What does this mean to YOU?
Butineti Questions Aniwered
As we expect to change from a credit tn n
cash business, 1 would appreciate It if you
could slve us some pointers on letting our
trade know about same In the beat way,
about aendlnt out clrculara and bow to word
them to attract attention. Of course, our
quality of goods will be mslntalnert, and
our prlies will be marked rfonn on most
all goods Would appreciate It If you could
send us som Information as soon ss pos
sible. ' I. T. F.
Do not ro Into lengthy explanations
when giving reasons for changlnr your
business from a rremt 10 a casn Dasis.
Send out a notlcu to tuts eflect:
"On and after w are discontin
uing credit to all customers. The cost
of carrying charge accounts Is so high
B4 to add materially to the cost of tho
goods. Good materials have to bear the
loss of poor ones, which Is not fair to
ou as a valued customer. Hy paying
cash, you will help reduce the high cost
of living."
If you want to send out a general no
tice, try sometning uae inis style;
"FIVE CENTS OX EVERY DOLLAR
goes toward carrying charge accounts.
If you buy goods and have them charged
you pay five cents on every dollar for
the privilege On and after this
store will discontinue all charsa ac
counts and enable Its patrons to reduce
the high cost or living, ray cash and
save vour money at store."
(CONTINUED TOMORROW)
Philadelphia Arrivals
at New York Hotels
New ork. May 19
are registered at New Tofk. hotels;
. 1.' ..B T M.t II
. . tt AU...11B. UV,-...
Mrs C. K. Adams, Ilroitell.
r. D. Armstrong, Oreat Northern.
Mrs P. D, Armstrong. Oreat Northern.
a. Ilslleu. Remington.
E. P.lThomas, Woodward
Mrs E P. Thomas, Woodward.
R. J. Wright, Laurelton.
Mlsa C. Hrandman. Breslln.
Mrs. K. P. Jones. Breslln.
Trade Hapreaenletlres
New York Cloak end Suit Manufacturin.
a
Company nam consn. manuiaciurera
cloaka and suits. Aberdeen.
Vilaaks
(;onn narrjr ivnn, manuiacturvr ox
i ana Buns. antrgca,
nTumanthal Wootsn. Imperii
j
rial.
Edwards China Company E. 1
Edwards,
una. -glasswara. jonaacrs.
a ana h. Bktrt Camsany J. H. Broup.
manufacturers ot aVIrts, Latham.
Bellas Hess Mail Order House H.
riscner, reaay to wear. aior.on sireei.
' a. Rosenthal Manufacturer ot ladles'
hats, BMslln.
nia.i-iAFa-.tr. Kamhals. drasssai IT.
Blaunsr Jobs, Suits. It East Twentr-slllh
atraet. .Beam 1914. . .
A. aloan, Jr.i a Co. A. Thomas, mtnal-
racturers ot army cioinuig, i-ongacra.
Stewarts I. tilauner. lobs, soring aulta.
IS East Twentr-sllth street. Room lilt.
GPVERNMENT BONDSV
,m AMt-
Ss. registered. 1910.., ....j,., J J j
Is. couaea. l9o,t...v,.i JJ! Alii,
is rsUtre4..i9lt........,M M"8 W
ft TtiSit'S mi'.'.'-'.. '.'"'19'" . .
-,--- VWm
IsUJ-JlJlW.. VW..I.WIMM
t,Vy:5
w 0
Town Meeting Party Claims
Registration Board Has
Ignored Law
rrotests have been lodged by the
Town .Meeting parly with the Board of
Hegtstrattoti Commissioners against the
strike-off petitions filed by the republi
can City Committee. Counsel for Ihe
Town Meeting party contends the law
specifies that such petitions! must he filed
at least two weeks prior to election.
The commlsrlonera take Ihe stand
that the law Implies a general election
and not a primary Scores of notkes
of hesrlngs. the Town Meeting party
i
(irnuciD vii,i:,iii, unr "ceil nrn, i.m "j
.heommlss.oners "v
,, in k. --iu- ., ,t,i. u
allies
This,
counsel for the Town Meeting party de-
clare. Is contrary to the law. which
.pmes that ample notice must be
given to permit an appeal from the de
clslon of the board.
Among the strlke-ofT petitions nieu
throuah the. Itenubllcan city committee
is one for State Itepresenlatlve Samuel
J Perry, of eighteenth legislative dis
trict Perry, who Is n lieutenant of
Magistrate William V Campbell. Penrose
leader of the Twenty-fifth Ward, claims
IiIm residence' at 304 Salmon street. The
objection to Terry, which Is lodged by
Oeorge Holland, a Republican commit
teeman In the Twenty-fifth Wnrd.
charges that Perry lives at 3348 Rand
street. In the Thirty-third Ward.
The strike-off pv.ltlona presented by
the Republican city luiuuilttee were
made out following an Investigation hy
canvassers of that body. About 500
petitions have been filed against follow
ers of Magistrate Campbell.
Appeals have been taken by the Town
Meeting party for thirty voters whose
names wre stricken from the lists ln
the Third Wnrd. They are followers of
Select Councilman Harry ,J. Trainer
The Registration Commissioners will
be asked to strike oft more than 700
names from the voting I lists In the
Fourteenth Ward, the home ward of
Congressman John H. K. Scott,, Vare
candidate for Lieutenant Governor. As
torneys representing tho Committee; of
Seventy will movo for the strlke-offs ln
Scott's ward. So tar the Committee of
Seventy has obtained about 1400 of the
1600 strlke-offs asked in the forty-eight
wards or the city.
In the Tenty-flfth Ward the seven
feen names teglstered from a stable ln
the Tenth division, against which ob
jections were filed by the Republican
i ity committee, have been ordered
stricken from the lists. The' men who
clulmed the stable as "homo" were said
tr he followers of Magistrate William
K. Campbell, who boiled the Republican
ticket last Novemher nnd turned It,
majority for the Town Meeting can-'
uiaates,
LOAN QUOTA EXCESS HIGH
Ovcreillisrriptioii for District Wag
$111,541,800
Ofilclnl flgutes for the" Jhird (Liberty
lian as given out today ny the Vederai
Reserve Bank show this dlstrjct was
$111.541, 00 above Its quota. The quota
for this district was 250,000,000.
The figures show that subscription).
amounted to t301.341.SOO, The number
or subscribers was l.6t,l9S This c;t
subscribed 3161.632,330 and the numbei
of subscribers here was 6S1.93I.
Navy subscriptions are still coming
In, which will make the total higher,
Figures for the entire dlstr'ct areas fol
lows: Subscribers Amount
Pennsylvania, oul-
s'de of Phlladel
phlai
Philadelphia ..
Delaware ,
New Jersey
Individuals ,
Total
S 1 B, 03R
631,931
4:,iin
133,341
1,251
JU, 509.200
IBS ., 350
:5.E61,400
2i,7:o,8sn
1,118,000
.1.664,498 J36J.5I1.800
LEATHER TRADE NEEDS
AFTER WAR FORETOLD
United Effort Necesiary lo Meet Eu
ropean Competition, Pretident
"Wallin Tells Delegates '
Allanttn City, N, J May IS. A bu
reau or a corporation to promote the
foreign trade of the leather Industry
after the war to meet competition
abroad, waa urged hy V, A. Wallln.
president of the National Association
of Tanners, before the semiannual con
vention of the organization here today.
President Wallln eald:
"From many sourtws. Information Is 1
eachlna- us concerning cotnblnAtlnn-i nf I
capital In both England and, Germany I
for the uurnose of rehabllltHtlnr their .
oversea trade after the return of peace.
A report aavising tne Formation of a.
,90.000,000 British trade corporation
contains the significant sentence. 'One
thing that has been obvious In the past
has been the harm done by excessive
competition. This must be eliminated ln
the future.' We see many telegraphic
reports of Germany's plans to extend
her celebrated cartel system in an ag
gressive effort to regain the worlffa
markets.
"At the close of the war a great
American merchant fleet will be ready
fnr action and the American flar will
he seen ln everv hlahwav and hvwav
ot the world's commerce. The leather In
dustry is now auie to organise for
foreign trade under the most favorable
conditions."
President Wallln recommended ulsn
that the Information service for tanners,
now established to enable them to meet
the Government's leather needs, be
made a permanent Institution for great
co-operative euuri in ins iuiure ana
that the tanners agree to clear all nur.
chases through a central office.
. SUPER U-BOATS MISSING
Whole Squadron Fail to Return
After Cruise
Zorieh, May 15. Information received
from a derman source is to the effect
that iv whole squadron of German sub
marines or a ne,w large type failed to
return after a cruise.
Tha new. type U-bdats are said to be
most unsatisfactory, being too unwieldy
to maneuyer .rapidly.
A near panlo prevail at Kiel and
Wllhelroshavan (two of the main Ger
man naval bases) because the new Brit
ish ralnr Held in tha North Sea. 4s I
lunuvruiB uiv iiiuiciutuui ui iiDiniwinvev.'
N. Y. BARGE CANAL OfS
needed-badly, T When, the railroads are
raaal vine Mora fraltM tfcan they can
handle, .tka'.barca -oaMl of tma State
waa oaeif 4ar.ua wmr. and. Is new
'" w
Opera ted, by U. S'Gvenunetj
Will Relieve Rallro. Congertioa
AlfcaiiT. 'MV 1B'( th tint l la
unmvT, ssmiisih iiw ivisru ruiroaa
aVsMnUfgMMtV, .tfjJ"r,r ,"ij
WSS L: $!:. i.ll-wur
Mwt Si,lhwth,-sSivn,rto NwTk.
Ki
V"
'1ltWHM--
Savs Rest of Sr.W! Witt
Hi8:CandifJte wlnnif -1
Majority. 4V.IV
I -- t-i- fr5t?
' .. V'vvjij,,
Governor Martin al .Rrusaai
reached Pittsburg h' thfa moritin ,
spoke aUthe O'Nell headdttar
noon, while he la scheduled for '.CM
Hall, Carnegie, and CarnegdeiiiJ
Pittsburgh, later today Ha harf'ra
ly campaigned In 8nder and No
berland Counties and said "ihla.n
that both these counties will JfTOjl
O'.N'cll, three to one. tn Pnllajleistiri
the'sltuatlon Is riiuch better than 1
week ago, said the Governor, anttl
expects O'Nelt lo Dolt aJara-e vot tttaw
and will win. because he, will rm"jiE$j
Philadelphia with a large majority ftSSSV
the rest of the Btate. (Jovernor BrweV...?t;
,....,. .i.i ... .. . i .
uuuBii ouiu l nucn; -.!
. ni-nn ivi iiMiuniseioiier j ie)u
cnuse he stands for the thing 'I I
lrl(d to secure for the people of P(
svlvania In defiance of the Tea;
lomoination that has aqught tothl
Him neirauu tne ci uteris rif lhia
State. I Indorse Commissioner ri
because he Is an unboesed candidate,
oinre aim will bo nil iinbossed
ernor. Mr. Sbroul. on tha other
...- -,.. -.- t.1. .v. ....'. ....'..
iiw iiinuin iieeir me uiiant tool oi
Penrose-led, whisky. corporation cny
and has nlanvi nnnnunl th lmmta..
legislation which his party denied .th.ri
people until the present ndmlnietratloH-f.' ' -
iiinini ni'i'iui, nun ieu (no Id
for tho repeal of the full-crew.
brought to my office as Governor 1
tne Hiaie, a prominent railroad ofJH
and did all he could be secure myl
proyai in navance 01 me repeal of
full-crew law. He failed absoltll
At every iiolnt where labor Inte-fi
have been Involved Senator Sprout'
afi1fH a till Trl . ncenaHolUeia
tam ('
Dtuis'S null lilts vv'FUintlvllOr r"i'ir.
HELD AS DRAFT VIOLATOR
Nccro Calls Cliarco "Frame-Ui
Bccnusc He Uses Auto '&
Charged with, violating the draft ji
Hardle Cook, a negro, of Camden.1-1
arraigned before Major Anderson, 'JBtv ..
Gloucester, today, and ordered held-Psf-v t
investigation by the Camden Count -" 4-
draft board. 1 f ,Cf.,A '
cook was urreniea online .compiltfiff-'T .
of William Murphy, timekeeper-at tlt-',,
Pennsylvania shipbuilding yard, whera r&
rn,tb ( nmnlnvMl us n machinist H-ftl. fM.-
j-fliy charges that Cook gave his age aa.W"',
iwciilj-un yvairt nnu mini ...m i-r H7I'
his registration card. Cook replied, "XoYrate
the dickens with the draft." . f.t'V
CookgSays he Is thlrty-flte years o1.m"
and that It Is a. "frame-up" on bleu. ,VX
because ho rides lo. work. In an atTH j
ass At-ii-M a rai ntirt sr nan a aHi-saVf! trsSLSt '..jr. "
an atrteT-V .-
and his white yellow workmen na,vatH'iv
WBlK. "H WJ ,j
NEW STAMP,TAX RULINGH,;
Internal Revenue Bureau DefineSbtlS;ct
of Instruments Under SeslVj,;' "
Washington, May lS.-f-The dlfferenaa,.
h.lu.ati Knnii nf IndemednMS. -nitiaWA
are subject to Federal stamp taxea-al.,
, ne centB per $109, and promlsory neti
drafts and checks, which are; subject"
ahI.. ...a n.nl. nB. IISH ( VMStAil
a rulinr nubllshed today bv the Interleaf
. n k.......... . j --i,i-.r
iwicnuq iiuicnu. , -,-, g c "
"An Instrument -under ncal contaUae,:!'
In a pepal amount for theipa.yment.al v
sum o f money, such as often acnnaai ''
panics mortgages," said the ruling, "! V.,-7-bnnd
within the meaning o fthe statuta. SJ '
An instrument not unoer seal containing .
At n specified time, such as Is common-tn'?
every day toihmerclal use. Is a prom-''vif2
sory notet within the meaning pf .Usg'if ...1
statute. Instruments containing tha mMt v ?,"
fintlul fentllrA nt n nrnmlanrv tinf Bul- "? M
Issued hv mrmrst.iienN In numluBBWWAA e.:
under a trust Indenture, are bonds WlHsv
In the meaning1 of the statue wheUMsf.',
called bonds, debentures or notes," vv","
Knrjf'ATinvAT,
llotli gcxea
Help Our Country-
i
1, I- vnn. .Iiilv tn Ir.ln l- Sll .h-.
thouaanda of positions left by our boys':
railed to tha colors High salarlear
will bo paid cpmpeient stenographers, '
bookkeepers and secretaries Alt';
business branchee taught. Day and
night classes all Summer. Knter any
time and show vour willingness -to .
keep business going while our boys
fight for Liberty. ' e
Banks Business College
9U CIIEKTNtTT "TBEKT
Shorthand System in 30 Diyifi-1
Special summer rates of ttO to those' awji.M.'aJ
roiling mis mpnin. ieacnin- aciuaiTisr'.J
The Famous Universal Bard Syllable Sreteav f"
DAT AND EVENING CLASSES
Philadelphia School o:
fafts m . 'slf:.-
unice lraimnr .tw.v
X. K. COR. 1TU t CHE9TNDT HTt.'S.
Kntrance letn St. Phene Lotest IMt ,V,'
HttORTIIAND AND BeoKKBBrUM
"
(irrgg Hiuirtnana ina sasyf speear ayi
n.i.lnss Cnuraerf. nay or E)venln-aa
.Unroll any tlms. To meet tha heavy
neniMne dcinana lor louns men ana w,
with offlco and business mining our da
will ba continued day and evening thrm
out the coming aummer months. CaH
wrll for narilculare and (.'atalne.p
1017 rhc.lr.ut wt. T
Languages
BERL1TS
SCHOOL-,
1511 CHESTNUT ST. i X', ,
(Entrance on lath fli
it.) r
TKnMB MAY HM BKflUN AT ANT
STRAYER'S IttJ&SiSSSa
PoilHoin"rorsiTi'd. Kntr now. T)f or
TKACHKRA Wftlitti. Potllon waUIiut.S
Modern TeeaheiV Bureau toes llaefc,
Mt'HlO
ffiotit Hmn
"PinUt v
15 JO Wslaat ftrttty VtitU
Bummer fichi
ncnopi
May 2Ii1 tn
At
BungaTi
a?5j5rl-ti
8PK01AL
BWIMMIHO
Ai
ASHER'S.Cof. 22d andiWi
( lessons 19, Including. adm,.owa,U((
rarues, tue., inur;aLl
v :.i
EAIi XMATX TO
JSMSUIWOBkH
W..
$1 DeUy I
RON
SIT' H
bats .-
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