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BROKERS TRY TO
. WHAT HAS BEEN ACCOMPLISHED
! s BY LATEST GERMAN DRIVE
. ,
Find It Difficult to Reconcile Market Sluggishness With War
Reports and Believe More Definite News Is
Awaited Gossip of the Street
.BRKERS W6re trylnff to flBure out yesterday Just what had been
accomplished by the fifth German drive. They found It difficult to
dovetail reports that were coming In frequently. At first there was a
. feeling that perhaps every one had been overcnthuslastlc over the results
already published and caution seemed to rulo the situation. As the day
advanced, however, the news becamo more reassuring, but it was,, be
lieved best to await moro definite news from all sides. The whole session
was slURKlsh and little Interest was shown In any stock outside of n few of
the leaders. The war news continued to be the absorbing topic. Some
, Interest was manifested In the peace remarks of Daron Burlan, of Austria-
..Hungary, but every one seemed to think the stamp of Insincerity was
all over his statement. This is decidedly a war market and peace re
marks have no effect on the prices of stocks.
One broker remarked yesterday that he would not be astonished If
the Germans did not find a number of surprises waiting for them in the
near future once tho full man-power of Germany has been determined,
which should be soon. It was generally believed that the stock market
would continue about the same as yesterday for a few days yet, as it
will take several days to get true bearings.
Bankers Discuss State Association Meeting
t Speaking of the State Bankers' Association meeting In St. Iouis, Mo.,
. of which George 11. Knrle, Jr., president of the Real Estate Trust Com
pany. Is chairman, the president of a well-known bank in this city, whose
enthusiasm over the Federal Reserve system is a matter of common
' knowledge, said he had only seen one very meager news Item In reference
to the meeting, and that was where Illinois delegates iad raised objections
and left or bolted the meeting. This hanker said that while his sympa-.-
thles are not with the State Bankers' Association alms, he believed such
a meeting would eventually give a good result by bringing up the
discussion of many matters about the Federal Reserve system which
otherwlso would "not be brought to the attention of the members. He
, said tho fact that certain Illinois members raised objections would Indi
cate to him that there were In nil probability objectors from other States
Who would be heard from.
Another banker said the meeting was planned to oppose the Federal
Reserve Bank system and that In his opinion a large number of the
'members of the State Bankers' Association were opposed to that system,
which was receiving the approval of the leading bankers of the world
and at present bids fair to bo adopted generally-by all nations as a basis,
simply because they were ignorant of the fundamental facts on which
the system was based.
Curiosity Over War Finance Corporation Plan
There was some curiosity manifested yesterday in certain quarters
In the financial district as to whether the War Finance Corporation had
adopted tho plan by which it assisted the Brooklyn Rapid Transit Com
pany to meet Its large Issue of notes which came due recently as a prece
dent by which it would bo guided In assisting other public utilities. This
was said -in view of the similar action taken by the corporation in aiding
the Commonwealth Power, Railway and Light Company.
In May last a note Issue of $8,047,000 of the Commonwealth Com
pany came due. The holders were asked to agree to a deferred pay
ment of the principal until some arrangement could be made. The notes
were five-year 6 per cent convertibles. Interest payments were continued
In tho meantime. A banker who placed some of these notes said yes
terday a number of conferences had been held with a view of gettting
the War Finance Corporation to advance enough to take up the notes,
and finally an arrangement has been made similar to the plan adopted
in connection with the Brooklyn Rapid Transit notes. The war corpora-
tion is to advance $2,400,000 contingent on 70 per cent of the note
holders taking a new issue of five-year 7 per cent bonds.
Form of Railroad Contract Awaited
The financial district Is still waiting for something definite on the
form of railroad contract to be agreed upon by the railroad administra
tion and representatives of the transportation lines.
There are three troublesome points which are istill in disputo and
which present the main obstacles to the mutual acceptance of a satis
factory form of contract. One of these Is tho extent to which the director .
general may deduct from the quarterly compensation of the companies
the cost of additions and betterments, which in the opinion of the director
general is not chargeable to the United States.
Another is the power of tho director general to Increase maintenance
work over the standards followed by the respective companies during the
three-year test period, and charge tho difference, after certain allow
ances, against the quarterly compensation.
The third and most complicated is the demand of tho railroad ad
ministration that the companies waive all right of recovery for damages
sustained through tho diversion of traffic, disruption of organization or
N abandonment of service on any portion of the companies' mileage.
Speaking on tho third point, a well-known banker remarked yester
day that unless the door Is firmly closed on such a proposition there
Would certuinly ensue a flood of endless litigation as the result of claims
'for stupendous damages at the end of Federal control. "It Is contended
by the representatives of the railroad administration," he remarked, "and
rightly so, that the three-year average compensation was Intended by,
the President and Congress to cover all such damages."
Varied Reports of Bond Business
Business in the bond and investment houses Varies. Some concerns
complain of the dullness and claim it Is Just the usual condition at this
time oi the year, while others say that for some time past they have done
a good business. On the New York Stock Exchange the volume of bust
s ness transacted in bonds yesterday was more than twice as much as for
the corresponding day one year ago. A good deal of this Is due to
.transactions in Liberty Issues.
i Houses dealing In foreign bonds also report an active demand, es
pecially , for tho Anglo-French 5s. It
for good railroad bonds, ana me
re&llilnc that the bonds of standard
' during Government control. Even
the effect of this change.
Among the industrials, United States Steel 5s are tho most active.
Public utilities, it was said, were not quite so active recently.
Bethlehem Steel Notes Justify Prediction
As anticipated In this column, the Bethlehem Steel Corporation notes
" were sold quickly, announcement being made yesterday afternopn that
subscriptions had been received for all of them.
Bankers were remarking yesterday that the success of the Bethlehem
notes might have the effect of encouraging others to take the same means
' of meeting pressing financial requirements and in this way flood the
investment market, making it difficult for the Government to carry out
its own financial program. But there are too many boards on the lookout
, for such a contingency and the Government may be depended upon to
xee that money is not tied "up in issues for which there is no real need at
this" time.
ADMIRAL MANSFIELD DIES
Officer in Navy Fifty-one Years Panes
Away in Brooklyn
New York, July 18. Rear' Admiral
"Henry B. Mansfleld. retired, an officer
In the navy for fifty-one years, died
last nlglit in Brooklyn. He was seventy,
two years old. He had been ill four
j teen years, having suffered the first of
a series of paralytic strokes when he
was in command of the battleship Iowa.
Born, in Brooklyn, he was educated at
the public schools In Sheffield, Mass.,
and the United States Naval Academy.
He was a member .of the Eclipse Expedi
tion to Siberia in 1189. A few months
later, as commander one of the Mo.
tilcan's launches, he participated In the
'".burning of the pirate steamship For
? jWatd In the Tecupan .Rlver, 'Mexico.
- s; H gommanded coast survey steamships
mmm w , " - ,
IIP to IM lime o. iB opumau-
a war.wnan ns was conunajiaer
K-jfct-B. 'Celtic' In the North At-
g -
vo om of
THE STREET
FIGURE OUT
is said there is an increasing demand
reason givcn is that Investors are
ralltoads will bo absolutely oecnrn
the weaker Issue's of rails are feeling
CONFER ON SANITATION
Printing Trades Representatives Meet
With Industrial Board
HarrUburr, July 18. Thirty repre
sentatives of the printing- trades at
tended a conference before the State
Industrial Board of the Department of
Labor and Industry on the tentative
code governing safety and sanitation In
Pennsylvania prlnterles. Numerous ob
jections vvero made to some of the pro
posed rules and members of the board
reserved decision and the code will be
reprinted. Discussion centered on ques
tions dealing; with exhaust system for
fumes from molten metal pots. Objec
tions were raised to that part of the
code referring; to ventilation pipes on
typesetting and typemaklng machines.
The provisions were claimed to be unfair
to some shops and It was agreed that the
type of construction be left to each shop
for decision, subject to the department's
approval.
Among those present werrf Chart., t.
. - -- -. .. : -
?,n,l,jr' .w' "-:.UE,?",'B' F'
Vgl&A"
J.&makWkKStiL.,' - -a. :'!J.J;L:'V&''SWA
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BUSINESS CAREER
OF PETER FLINT
A Story of Salesmanship by
Harold Whitehead
VCopyrioM)
ar.iin. h"rh,r'"t ""' nimccr ioiir buainrm
live ni n'i k ""V """" clcarlu nii.l
ill nrfi,i.r0f'?-. l0"r correct nnmc oitrf
Antler,. In ?7, ""O""'"""' ',"" '" oornl.
E'2 to technical nuciitloni tun br tent
In . cM?."T V'"tloi" trffl be anwcrul
i'lorl oi iX"?!?-,.'"" lC "iC" "" ""
CXLIII
TiKFORK I left tho house this morning
JJ Francis came to mo and raid. "I
have to go to Springfield Saturday on
business. Why don't you try to go jp
the with mc? It's a nice trip."
"What tlmo are ou going to leave?"
I asked.
"First thing In the morning, so ns to
get there at 10 o'clock, and I shall bo
through at 11 o'clock."
"Oee! I'd like It If I could get off,"
and then It occurred to me how Pllly It
seemed to go that long trip just to hnve
a couple of bours In Springfield, so I
added: "But It hardly seems worth tho
expense for such a little time."
"Well, of course, it Is n expense for
so shwt a time, but perhaps wc can find
somewhere to stay over the week-end.
i-ct me think." lie mused, "perhaps? I
can think of some friends living nearby
whom we could visit. But no, I can't
think of nny one."
Then It occurred to mo tlrnt Sprlng
neiu is loss thnn nn hnnr'u .... ...
hG!' nnrt ' pnhl- "r'et's B home!"
Oh. It' nil right for you to go. hut
nicy would lie sui prised they wouldn't
expect me." said Graham hesitatingly.
.nil me more fun come on! I won't
ell them a word about It and we'll Just
drop In and purprlse them. Will you
do It, Frnncls?"
Ho hesitated a minute before reply
ing. "Well are you sure ycur people
wouldn't mind?"
"Sure? Why, doesn't every letter I
get from Lucy have some comment
about you In it?"
"Well, If you think It wouldn't put
them to any trouble, perhaps your sug
gestion Is not at all n bad one. By the
way," he continued, "did I tell you I
had a brief note from your sister a few
days ago?"
"What! Lucv wrote to you?"
"Yes." he rciiTIrd, a little bit confused.
"She wanted to know whether I would
writo and tell therp how you are get
ting along because you neer tell them
about It In your letteis. In fact, she
wild she hoped some day you and I could
get up there, so that I could tell her
flrst-h.xnd If you are really behaving
yourself."
"Funny she should writo to you She
never said anything to mc about It. -All
right. If I can get olf tomorrow, we'll
go up homo and give them n surprise.
You're sure, old man: 50ti don't mind
coming nnd taking pot-luck with us7"
The smile on his face showed that he
wouldn't.
On my way to the office I remembered
that I had promised to spend all day
Sunday with Rosle. Gee, but lyn't it
just my luck? Something nlways seems
to be cropping up to spoil Rosle and mo
halng a good lime.
I asked Mr Goldman, agents' manager
of tho Magnitude Life Insurance Com
pany, if I could have Saturday off.
He said, "You're asking for time off
very early In the game, aren't you?"
"Well, I want- to go up home nnd see
my people. They live in Fnrmdale. you
know, and It's a long trip for one day.'.'
Ho was quiet for a minute, and then
said. "All right."
Rosle was quite meek when I told her
I had to go up home for the week-end.
"Why don't you take me up with you.
JTote, dear? Do you think you nro play
ing on the level with mo7 Here a yon
and ino's engaged ind you won't tell
your folks. What's the reason, old
dear? Aren't I good enough to meet
your people?"
Khn wlift nn K.id nnd wistful about it
I that I assured her she was good enough
to meet the very best In the land.
"Will you promise to take mo up the
next time you go. I'eter, and let me
meet your mother?"
"If ItV at nil possible," I said, kind
of dodging the question.
"All right, I'eter, I'll be satisfied, but
wU you promise me one thing: that
jrfut'll tell your folks when you sco them
that you're engaged? And Peter, dear
old Pete, I want to have my chance!
"If I'd only had some education and a
decent home. (Jod ! Peter, It's
hell for a girl to bo drngged up like I've
been and then to suddenly know that
MOTOR TRUCK EXPRESS
Hauling Miscellaneous Freight Daily Between
Vt?z0 York Philadelphia Baltimore Reading
Our Own Tri-Weekly Service Direct to
Wathington. Easton, Pa. Allentown, Pa. Bethlehem. Pa.
SHIPMENTS TRANSFERRED
At New York for ?RKoMHivrSi?wK?,Si C,TT- x
SErrrs. phode island.' INT8 ,N' to, masoachu.
RECEIVING STATIONS
NEW YORK Cor. Dey and Washington Street
vPHILADELPHIA 42G Market Street
BALTIMORE 20 East Pratt Street
READING 12 North 6th Street
EASTON Ferry and Sitgreaves Streets
BEAM-FLETCHER TRANSPORTATION CO
xr.w nATR rAitns axi hoad map upon hkoukst ropi.AR moo
lirafr;Lnuuy;llOTra:m2m;mwHm;IH:ffiIralr:llilf!liUllllmru;ll:ullall
Daily Express
.Motor Service
Between New York, Philadel
phia and other points
Shippers Fully Guaranteed
' Reasonable Kates
CHAMPION MOTOR
DELIVERY CORP.
313 8. Bih H. Tel,' I. milium 2181
Philadelphia, ra. 3inln 4S1
EffljfflfflWll
MOTQR FREIGHT
NEW YORK and
PHILADELPHIA
DAILY
SERVICE
5-ton White nnd Fierce-Arrow Trucki
W rolle-ct and deliver anywhere In the city.
HINSDALE JWka"?"
RECEIVING, STATIONS
419 Market Street
York Rd.t Westmoreland 1(8 Waehlncton St
Philadelphia New York
PHONE TIOOA 69St
jM;ph McCourt
LO('AI- AND LOXfl DISTANCE
Motor Sg
28 Ne 5th Stt SMJHeUa St.
MtiaMUV' ; SewtfM4' 'KarkttlM
l ., ..-.-w-mw .r,,. .M'T.Y V "i,
BiWWMWiiWWiltililill
she's not had a square deal and hasn't
had a fair chance
"Rosle," I said aghast, "you're cry
ing!" "Ha! ha! ha'" she laughed. "I'm
not crying I'm laughing. It'. such a
joke the world's played on me. Now
you beat lb back to New York, Pete.
I'm all right," and without another word
she left me.
Isn't It funny? You can never tell
what a woman Is going to do or say
next.
TODAY'S HUSINIISS llftUIIAM
.' )o ic allied a man, tcoil'il you
hlie yourself t
(Sent In by A. II . Halifax, N. S)
What does this mean to YOU?
Business Questions Answered
litre ns a rrofcMlon? I am tnl.1 that I! Is i ,,on b the National I etroleum 'Rnr
not n very cond monev-makine ono and Service Committee, fully representative
am undecided what to take UP. nf the tnmnrtnnt nrnfltlrrrp
How wmilii an nrrhltrct l.--t nUivrtln his 1 otl,ne important prouueers.
business nnd at startinK what should tils The scheme, which would be effective
rapital lie? C. C. Immediately nnd continue untl! Novem-
I cannot advise, you to tnke up nny ber 1, contemplates jirlce exchanges In
profession. Architecture Is nn excellent the Appalachian, midcontlnental. gulf
business if a man has tho patience and I nnd norti,ern Louisiana. Rocky Mountain
ability. If you are merely nn nvcrnge , . p.clnc poag, divisions of tho In
draftsman, you would probably remain """, ' coasl "Visions oi mo in
that nil your life. If, however, you nro ' ""S'O. ....
exceptionally capable, there Is no rea- By Its terms, purchnsers In the Ap
son why you should not make a success palachlan district would continue to liuy
of It. nt their posted market price, nnd those
Architects, being professional, or seml- who have been pa) ing n premium here
professional, do not think very well of fter wouirt be permitted to pay an
advertising. 3 dost .of them g't hclr n t not , excee() ,e r(,nts n lmrrel
start through working with vvell-estab- i ,,.. ,h nnstetl nrlee If the arrance
llshed architects nnd through them es- al0e ,,lle posted price, u ine arrange
tahllsh their own reputation Of course, , "" Is adopted, producers will be ic
your friends would doubtless be able to I ques-ted to make monthly sales of their
belli you In this tunnectlon. J crude oil
At the beginning, nn architect Is very i In a letter to Mr. Ttequn, A C Bed
poorly pnld. For n few years vour sal-, ford, chairman of the oil men's commit
ary would probnbly be very trifling, but le0 K!lIl, tnnt t)lP pinn had been np
ns you ncqulre n knowledge of the liuil- rn...rt .... .,tviirv committees from the
aSSKdfc1" ,TKXTn reSiy j f rtff'in? jK o
published report, architects are rated u-' ductlon. refining nnd distribution ends
being the third highest paid class in the I of tho Industry. He urged that the
United States. i oil administrator visit the mldcontlnen-
The successful architect makes a lot ' tal and the Clulf districts before nnv
f money, but It takes n long while to lan of oil nrlccs was finally adopted
become a successful one.
You won't require much capital to1
slnrt Your drawing equipment, n little
stationery, etc.. Is about nil you will
need. Kven nn office mav not be neces-
snry nt the beginning. Why don't ou
tnlk the matter over wmi some local
nrchttect?
As t am thlnklnff of KOtni; into the cent.'
furnlshhiK business nnd own h store well
suited for the same, would like to set our
advice as to biolng suitable slock for the
same. You will understand I am at pres
ent only wnrklnB at a weekly wage, so have
but a small capital to expend.
Kindly advise me where 1 would buy nnd
on what terms. T M. V.
You had better call on the locnl Job
bing houses and tell them exactly how
much money you have to spend, and
profit by their advice. It your lcputa
tlon Is good, you could possibly get a
llne of credit which would be BO per,Ium for crmie i,P hereafter permit
See0.' lTntu,VS3,',,,i,000lv ?h "1 to pry a premium not to exceed ten
that thousand dollars you ought to be cents n bnrrel nbove the posted prlics
able to buy J1500 worth of goods on for the various grades of crude oil.
thlity days' time. As a beginner It Is1 Second. That all producers are re
quite possible that the Jobbers would quested to make monthly sales of their
extend you some special concessions. ,.rmB nil
The wideawake jobbing house i gen-, ,.' ,,,' ,,,,,..., ,n. i.i.
erally quite willing to help tho beginner1 -or the Mldcont nent division.
In caue they know that If they help )ou Hrst. That tho large purchasing i'im
when jou are n little fellow, you will panics continue to purchase crude oil nt
stick to them when you become a big their posted market price and that all
fellow. 'other purchasers who now pay n premium
iV1)6!!",?,"!,''.! ,,,l,!?',,,?Urr for crude oil be permitted hereafter to
S,MroI-e? wfiS'VKSE se'e'hVg Ino -" P to a max'.mum premium above
sales manager. .posted market prices, us follows:
- j For dishing crude, a maximum prem
U.S. RESERVE BANKS
HOLD $24,000,000,000"-
Rcport ShoWS Strength anil
1 D
GroWtll OI Federal
Systchi
Wnslilnston, July 18.
Strength and growth of tne Fetlernl
Reserve system were shown by the Fed
eral Reserve Hoard's report that on May
10 8131 member hanks had total re-i
sources of 24,070,000.000, nn Increase of
f02. 000,000 since December 31. This In
cluded ,$18,132,000,000 resources of the
7C83 national banks and $5,938,000,000 '
resources of tho 449 State banks mem
bers of tho reserve system.
Loans and discounts on May io
amounted to $12,142,000,000; Liberty
Roads and other Government securities
held by the banks, $3,196,000.000 ; other
securities. $2,728,000,000 ; demand de
posits. $11.0.10,000.000; time deposits,
$3,340,000,000; capital stock paid In,
$1,307,000,000; surplus. $1,143,000,000.
By districts resources were reported
ns follows:
New York, $8,150,000,000; Chicago I
13.170.000,000; Cleveland, $2,200,000,000;
Iloston, $1,791,000,000; Philadelphia, $1,
898,000.000 ; Kansas City, $1,319,000,000; i
San Francisco. $1,315,000,000; Rich- I
mond, $1,000,140,000; St. I.ouls, $976,
000,000; Minneapolis, $877,1)00,000; At-1
lanta, $831,000,000; Dallas, $726,000,000, i
SERVICE EVERY DAY
nRTWRKN
PHILADELPHIA
AND
ATLANTIC CITY
AND ALL INTERMEDIATE POINTS
.nm'J0darr'"1"d b"re 10 8' m- red
PHILA. & ATLANTIC CITY
MOTOR EXPRESS
Philadelphia RereUlns Station, 6 8. 4th at
Plionealainbard 3316 AtlantleSMi
I Slain S16 , C(V I w
lTar-y M. Corrlsan Daild K. Kirk. Jr.
OBERHO,LTZER
PHILA. and NEW YORK
' EXPRESS CO., INC.
2611-20 V. REKOK ST.. rilir.ADKr.nilA
15S-S9 W. 16TII Si!. NEW YORK
ri"4- t't'neai Kent. 3l4l Park HIS
N, 1. Plionen Farrniut 8700-3701
DAILY SERVICE
MOTOR FREIGHT
PHILADELPHIA i : i NEW YORK
Tioga ts II St.. SIT E. 40th St.
Ken. 4166
Phila. Shippers' Local Delivery
Daily Service
Your Hauling Problems!
Let the Ledger help you to
solve them today
Address
Auto Service Dept.
Wrj.WAl rW 1 tt.. T 'V " t " -
m-.iriifitr.li,, - V.f.i- ,
STABLE OH PRICES
PR0GRAM0UTLINED
Petroleum War Service Com
mittee Lays Plans Before
Requn
Wu'ldngton, July 18
I A program to stabilize the price of
. crude oil throughout the producing fields
of the United States nnd nt the same
time to keep nti uninterrupted flow mov
' ing In Its present chnnnels has been
laid before M. L. Rtqua. director of
t ItiH nit rl lt..lr.ti nf (1,n fllnl f .1 Ml Im I et-l
, ,,,, rvr,rPS,i tho m,rt In which the
men npproacbed Government re-
,"mri,nle".1'' ,"B ', '' . . ,
The National retroleum War Service
f'ommlttee hns tho utmost confidence In
i assuming the npprovni oi ine on nivt
slon of the United Staten fuel ndmln
lstratlon. that the oil Industry will con
form patriotically nnd loyally to the
recommendations herein set forth."
The recommendations ns ndopted nt
the meeting of the national petroleum
war servlco committee July 13, 1918,
are:
For the Appalachian division:
First. That the large purchasing com
panies continue to purchase crude oil at
their posted market prico nnd that all
other purchasers who now pay a prem-
ium ui scYeiiiyiitt; wi'iiit i iiiwtui.
For Oarbcr and nllled billings etude,
a maximum premium of $1 a barrel
For Kay County crude, a maximum
emlum of sixty cents n bane!.
And for all other crude3 for the whole
! mldcontlucnt division, Including Kansas.
1 Oklahoma and northern Texas, a maxl-
' mu'" Premium not to exceed tw cnty-flve
cents a barrel, with tho strict undcr-
standing that In no district In which
premiums nro ncing paiu or less man
twenty-five cents a barrel will tho oil
administration permit the paying of a
higher premium thnn Is now In effect.
FLEET OF
WHERE BETTER
Ability to do things better is the basis on which the success
of men or machinery is built. Hence the success of
MOTOR TRUCKS AND TRAILERS
is due entirely to the fact that men who are interested in bigger
and better business have seen and proved their qualities.
Better business today can gain momentum only by including
better and more dependable delivery service in your plans. Your
delivery service is the "neck of the bottle." Output is handicapped
by the limitations of the neck.
Motor Trucks and Trailers mean safer, speedier, surer de
liveries; less man-power and a broader capacity for every man
engaged.
THINK!
MIR
You'll And In tha Maater Truck
thoaa amo unlta of conatruetlom
that ara Included In tha hlht
priced trucks In America, but at
moderate price. Add f tnla tn;
many exclusive Master ftaturea and
you have the beat truck value oo.
utnablr, recardles ot price.
2, 3 I'l, S Tons
Immtdlat Dttivry
Larson Oldtmobile Co.
131-33 NORTH BROAD STREET
"TlT;v?CESffflk. n . .- . .'.. ' -,rift
' " f ri' - ".,,. "
For the Gulf and Northern Louisiana
Division:
First. That the large purchasing com
panies In the gulf coast territory be re
quested to establish a posted price for
crude oil of 11,80 a bnrrel and continue
to pay s.iid price until November 1,
1918, nnd that a maximum premium be
established nbove the posted price of
ten cents n barrel, with the strict un
derstanding that In no district In which
premiums arc paid of less thnn ten
cents a barrel will the oil ndmlnlstratlon
permit the paying of a higher premium
than Is now In tffect.
Second. That a differential of twenty
five cents n barrel be established bctvvicn
the gulf const oil nnd northern I.oulslnnn
heavy oil below 31 degrees gravity, nnd
that a premium of ten cents a bnrrel bo
permitted on this grnde of oil, That on
light crude oil n premium of twenty-five
cents a barrel be permitted, with the
strict understanding that In no cnsS
where premiums of less than ten cents
and twenty-five cents n barrel, re
spectively, have been paid will the o 1
administration permit the paying of
higher premiums than nie now In effect.
TRACKS TO BE POOLED,
RAILROADS REROUTED
MeAdoo Will Combine Par
allel Lines Into Single
System
Jy the United Press
WiiihliiRton, July 18.
Common use of all tracks will follow
the pooling of equipment of nil rnll
facilities In the hnndl.ng of the rail
loads' war burden. It was learned
officially here today thai Dliector Gen
eral McAcioo soon w 111 authorize a gi
gantic rerouting i-cheme. providing for
the com ci slnn of parallel lines Into dnu-ble-tinck
systems. This move will In
clude the building of Fcores of connec
tions, but the expense, wMicn compared
to the vast good to be derived, will be
necllglble, otnelals believe.
Robert S. Lovett, director of the di
vision of extensions and betterments of
the i airload administration, hns Insti
tuted a survey of nil lines with a view
to combining facilities further. He will
meet Mr. MeAdoo In California, and that
conference Is expected to result In orders
for the building of the first links nnd
subsequent rerouting of certain raclilc
coast trains.
it was pointed out by officials that In
many case lines run parallel for dis
tances as great as 450 mll.es.
While It Is known Mr. McAdon ex
pects ultimately to extend the plan to
nil sections of the countiy, It was be
lieved In some ciunrter.s It might mean
the cutting to the minimum of service on
lines built for competition.
EXILES TO RETURN
Carranza Grants Amnesty to Two Ma
ilrro Ministers
Mnn Anloiilo, Te., July IS. Word has
been received hero that amnesty has
been granted llrncsto Mndern nnd Pedro
Lascuraln by President Carranza, of
Mexico. They formerly were members
of the Maderi cabinet, but did not as
sist Carranza In his fight against
Huerta.
Since then Krnestej Madcro has net eel
as flsc.il agent for Villa In New York
and recently was Indicted In that
city In connection with tho bankruptcy,
of the firm of Mndcro Drothers. Lascu
raln wa.4 Minister of Foreign Affairs
under Madcro and was President ad in
terim until Huerta took otllce.
TRUXTUN TRUCKS USED BY EMERGENCY FLEET CORPORATION AT
BUSINESS BEGINS:
DENBY "Ef TRUCK
Unique features make this truck
more dependable and more powerful
than other trucks of same size.
Prompt deliveries in one, two, three
and five ton sizes.
B. L. P. Motor Co. '
IV, &. '.v4, f J ,, l. V lt IJ feW P'.r V
r:: y-,--.l.:,t.,A;A,-.&
STEEL NEEDS FOR WAR
GREATER THAN OUTPUT
Drastic Curtailment of Supply
for Other Industries Is
Threatened
Washington, July 18.
A program of drastic curtailment In
the steel supply of all nonwnr manu
facturers Is rapidly taking form In the
councils of Government war agencies
nnd definite announcement of reduc
tions which will mean the end of many
peace time Industries may be expected
within the next few weeks.
Information on the plans of the war
Industries board, tho shipping board nnd
fuel ndmlnlstratlon In this regard be
came known when It was Indicated that
the Government's steel requirements for
the next six months are In the neighbor
hood e.f 20,000. Ono tons, while the largest
American output of steel for a similar
period totaled only 10,500.000 tons.
T he immediate efrect of the new steel
l!lcy wns felt by the automobile manu
facturers during a heated conference at
the war Industries board, when Hugh
Chalmers, the automobile manufacturer,
and Alfred Reeves, of the National Au.
tomoblle Chamber of Commerce, were In
formed the makers of pleasure cars were
In for a big cut In their steel supply.
Nothing official on the size of the re
duction slated for automobile men wns
divulged, but It wns learned hat It
might by 76 per cent of the nmount of
steel used Inst year. A cut of 73 per
cent In steel would conform to the conl
curtailment nlrendy announced for au
tomobile manufacturers
Kai.er anil Wife Have Influenza
(ienrvB, July 18 Roth the Kaiser nnd
the Kulserln nro suffering from a mild
nttack of Influenza, n Munich dispatch
-tated today
"
MRS. ANNIE RIX MILITZ
Noted Metaphysical Teacher.
Authnr nnrl I.(wfnrpr in
bix rree rubhc Lectures iiMi
at Hotel Ostcnel, Boston Ave. and
at Cort Theatre and Hotel Traynrare
Atlantic City, N. J.
f Tlwrx., July IS
3:30 P.M.
M011., July 22
Tues., July 24.
Tliurs., July 26
t Sunday, July 21.
1A.QA A TVT ) Cort Theatre, Ocean Ave. and Boardwalk
1U.OU A. iXl)Vedncsday, July 24
Thursday, July 25
10 A. M.
Monday, July 22
I Hotel
ALL WELCOME.
Broad tc Spring Garden Stt.
- iSAj.
V rAUU'.a '?
y-
FERTILIZER
AID TO AGRKUL1
Wonderful Results Rei
Through Campaign of '
cation Among Farmerfyj
Atlantic City, Julyll
A systematic camnalitn of educM
thniistt . 1f-hlA j4MAff a 1mAh f If
tin uufiii fiuiiiun , tuiiuuticu uy b rmnia
tlonnl toll Improvement committee, tltfrafc? 3
.- ..,,... .,tl ..im.uc.iu. .ecu. i. TfJ5-.iK.
American ngrlculture nnd the teTtWMf4,0
Industry, Horace Dowker, of New TWdJ
president told the silver Jubilee "'cOlti
ventlon of the National Fertilizer AMmT"
elation. Organization followed by tt ji,, .a
forms within were tho other great 'towv.'jJ
tors. President Ilowlter said: i'W'-'i S
"Thin work hns already battered 4oWttKtj
the U-al, nt KrtitttAtnn tvlileh frtlfflM4l. H
existed In certnln sections and has g"oyK !
iHr lownro iniroetucing new ineas mrm;,,j- -a
cnangea viewpoints where prejudlce-MW? ;
exists The fertilizer messnes has bMi&-i 4
carried to many thousands of persdM'5V;fMi
whom It was a stranger. A new rep4(gHi' M
for and appreciation of fertillzerg-.tSsKH'
an ce-onomlc asset and fundamental. r-JWit'i
tor in future food production has ttm3fi5 '
Inculcated In the public mind farT BeVj'v
-.vide. We are gradually building uj&KfSj
nn nrmy of boosters where formerly! wv-'ti
were likely to find only a multitude of a'SsK
unocieers i V,i&t
"And despite tho tact that rertUliery W
an a factor In food production corn', iLj: ',
uio-v iu me iiinm ui ine army isew.j
we nrc proud to say that to thls"elr;
,,,.- viuikiiuiiii, 1,. ,n iiuc 1UUI1U Ik 1IWV9714AVJ4
sary or advlsablo to In any sense tMij?'.ya
over the fertilizer Industry. The injJuj3"J
try has been licensed. It is true, but.p-J
this supervision Is of a very general .lSfs&
nature only and Is designed for tnt
ind Is designed for , tlwS"T'ql
protection of the Industry as much" "'?&
for Its regulation. I believe that -ft. f fe'
requires uiu, it i.tauai n-uiuiiK i "" V.iii
ulf-.ia tt tlia llmna In frit-etoU i.r,f atiJ. P
vital developments In store for thetfervMif
tlllzcr Industry In the
near future. SjSOft'
M
Boardwalk, also other lectures X.W") '
"The Cosmic Consciousness"
Fn., July 19 "Concentration
Sat., July 20 "Prosperity Through Laws of Mlnf
"The Body Renewed and GlorltlciFi
"The Fourth Dimension" K
"Solving the Kiddle of Life"
Traymore Club Room
VOLUNTARY OFFERINGS?
Sts;!,'
...'. J
HOG ISLAND
m
3f!
a m
i2
i
j .;
TRUKTUN
If it's economy you're after, ,f
liuAiuii win iiikoicsb yuu. J7ur
Truxtun means a savincr la."-
money, time and upkeep. It costi,.
bdoui ino same us one good ..
double team and does the worst
of three. Truxtun 1 and 2 ton.
Write for our literature.
TRUXTUN SALES CO.
1714 X. Broad Bt.
fiollald i General Manager 4
H. W.
TROY
TRAILERS!
'
.
INCREASE
MOTOR TRUCK
EFFICIENCY
hMnaUi
$mmr
MOTOR TRUI
ara backad br ITn.OOO.OOO OO i
tlon with 71 y.ara of manufft
iprri.nr. a same oraanlaatien
0 dtract Comnanv Branehaa aaa I
aanda ot local dlstrlbutora. ThtaS
isia ncana to an nwnr
100. 1000. MM. 401
feenaa Capaeltr
rartarr BranthjaM arvlae i
4V? -!
'MJ
-KSr'iM
. &
:-i