A
EVENING PUBLIC LEDGER PHILADELPHIA, MONDAY,
NOVEMBER
11, 1918
If "
, 1
CHESTER
(Ponnn.)1
4'2 School Bonds
Exempt Federal Income
and Penmylvanta
Stote Tax
Price lo return 4.25
Complclo details by ninll
or nf vour request n repre
sentative will call.
WS.&
'tssar
Frazier 6 Gb.
KAXICMtS
Itroad & Hansom Sin-, l'lilla.
ttimntrollt'r'.i Call
NiiUMiilior 1. 1IH.
i( urulfiiHiMl)
i:i:soi uchs
It.- . . . . .'.J8.1.1.S2
ii I! inks 8UJ.S53 37
A. In vfHim. ins C.S35, (13.71
Ca.h &
Dm f
Loan '.
Total
S8,iri,8u:i.J3
MMIIMTIKS
llCPO 11
jK,ir.o.r.ir. n7
H di co'iium . . . .
Circulation . . . .
Caplltu, Surplus
I ndi tiled l'lotlti.
. l.lUU.ilill llll
HiJ.rj'.fJO
&
, . i,iu:,c:i 3G
Total S8,lC.:.,8j:l.'ja
William .1. Miiiitgniner.i, Vrcfchleiit
Mlluui'l llrll, Jr., llrf I'rcldent
Clinrlc II. funks, Cuhlrr
liilin T. Aijiilr. AV ( naliler
I IiitI.A-k'I nnhlrr
llllll'.l T
I'ltlV ati:
Willi: TO
I'lUM IPAI.
VIAKKl.Tsi
1'ITTsltl IK, II
HI NTIMIIMIN
J()Il-STO N
C'IllTl.lt
ODD LOTS and
CURB STOCKS
Ciiuli, I iiiiMMatlt Miirclit, or
Turtlul l'aincnU
WINSLOWTAYLOR&CO.
II
AlrjiiliiTi. ( otiMillilulril j
irk I'M hunBo of :Ni'iv ork f
436 WIDENER BUILDING
Philadelphia
Walnut G58G Race 519G
PEACE STOCKS
JJVdif securities us it dusts use
essentiilljr peace ilocki
idling abnormally low
becoming active markrlwiir
advancing in r'icr-
H'rifC foi liuuktrt yii tin; lliu
(iionnotlon lotjrthcr eeiii im'd
on tinlliifduril noiKu nf the clov
yours lor the aMno no obfijn
ffon, CUi ail ur mention l'S-t3.
Rfm!irM I'nns. Mnlk Vv. nf V, Y.
- '
C28 Witlcner Illdir.. I'liiln.. Pa.
I'll.: Hell. 11 id, 1080, luce 100
Noit ork (lluer 'ill 1 1 mini Ht.
I'lttVATU Vllli:3
AND
a concise pnndevt on
thefutureof OilSlocka
and llic cominii
OIL ERA.
Send for your copy.
WE SPECIALIZE in OILS
a
SPECIALISTS
43 Excliange Place New York
Barnet Oil& Gas
uuk.iit sni.it qi'oreu
&. .
Morton If. Alexander
Phila. Steele Cxchange Bluff.
7 minim ht.. N. V. Cllr
(ll'.M'.ll VI. Xhl'llAW I'Om-ANV,
l'hllailellilila. NuitnilM-r li. t'jrs.
PUEl'KllllUil HTOCK IIIVHtllNIi NO. .
A illvidend of IV. per cent tl.ttl l'r
sre) baa this day heen o,(Jaril upon (ha
nfrred 8(ook, payable Mouilajr, )rtrmbr
. UK, to atwkliolJrra uf record at Ilia
,i cf silnea Tburwlwr. ttiwbt 14th,
I 211 i:. Ormun St., Hnlto. g
villi s W
nUNHAMfil
W SPECIALISTS "n
T'' nrssussL'texsSi.
FEDERAL FINANCIAL PROGRAM
AFFECTED LITTLE BY PEACE
Large
Expenditures lo Continue Through inter.
VnolIiLM Loan in the Spring Reconstruction
id for Allies to He Arranged
lly the Atwclateil I'rcst
Washington, Nov. It.
I'cnro Mill huvo no great effect immediately on tin. tlovuin
innit'M Intel-mil financial program, Treasury olllelnls said today
that rxpi'iiHi'H of ubmit n, btlllun and a half dollars u month wero
iuthI in continue tin uimli the winter. ulth another war loan In the
spring, (mil that the MIIIoiih of dollars to ho provided b the pondlntr re-vi-Hue
Mil would bo cullectisl Just the- same next June.
Im.-nis to the Allies will not bo shut otT at once, but if the e.tll for
aid from thos. (overnm"iits continues many months, It will be undo1 a
new program ptnildliiK for pe-ncu and reconstruction loans. The (loiorn
monts policy 6 ir asslstlnK In tho financing of the great task of rebuild
ing war-torn sections of Kuropp Is not, yet formulated.
To stimulate tho oiitponrlnu of nihiltloiml blllloiiH hi the MirliiK fur
CiiKt-ntnotit bonds, ollluIalM tite cousldcrliiif new dlrtetloiis for appeal.
The turn "l.lliirly Loan" may be diopped and "Victory t.oiin," "IV.iCo
Loan" in "ItUmlldliiK l.onn" ndopttd with u slogan huch as "llrltiL,- tho
bm-ii home "
Aid Likely far Essential "I'cacu"' Industries
The (ioiernuient'H iliianclal ngont In many Important reconstruction
mrasuus will bo (ho Wur finance Corporation, whlsu powers Congress will
soon be nshe-d tn broaden to enable. It to advance funds to enterprises
esvinlial for peace, tltc Industries, converting from war to normal pm-iliii-iloii
and possibly even rebulldlm; cntme.s abroad.
i:pemllturos, upploprlntlous, bond Issues and taatlon weie ills
i issul Indue luformally between lenders of Congnsa. Sentiment appearrd
genual fur prompt reduction of impropriations nnd expenditures mi far
us .-niiM-titil with fulm-ii military needs, but there was ellv c-isenoe- of
opinion rcKardluK Immediate llscal policies.
"Nt'if Laic's Tax Levy May lie Reduced
At least one more bond Issue, In tho opinion of congressional UhiI'I-n,
will be necessarj, but they ellsugm' rc-gunllng tho effect the annlstice
should have on the pending JS.OOO.OU'i.OUO war recuuo hill. Homo Dclno
i ratio leaders or tho rli-iintii believe tho bill's ln levy should bo con
siderably and liiiiiudlately leduced In Mew of prospective reduction of
oMiomlltures durln 1919- beoiiuso few taxes In tho bill will Income (f
foctlvu befote then but others, Including Republicans, talio tho view
that tho tn provisions, us revised downward, by tho Senate I'lnauco Com
nilttie, sliould remain nlmul at tho present figures.
The levenuo bill, as the Finance Cnniinlttco toiHy lesumed its revi
sion, provides for about il,2."0,000,OUi) lu luxation, allovvliiK for an estl
m.itril loss of about tl.oritl.nOU.UUi), compaicd with tho House $S,MUO,uOU,(luO
measure. An early decision Is expected from tho Finance I'ommlttcc
icKardlim' posblu further it-vision In view of tho armlstlco.
Business Career
A Story of Salesmanship
tCopyrlKht.
Mr. li'Mli-lii-ml "I" fimiiis iour buitiifjj nt the first opisirtunlty to a dutlnito plan
,i..ii.,ii rm builni. J""",'-,1,V:'riiii?. !f f action. Tills brlmcs prlilo and du
r jfnLiiiir.if ,lsl; itur yiinflilit cleiirlu nnd V,
r,, jiiivii" -p. ...- v , . -f fcrt-- ,,.,.i I termination fo lour 1. 1,1
a. . mi fin, inrrv. i inir i,ir,. i ..,,, ...,..,.
full uJtlrrv MM1I lie (ildliril to nil inewinr.
I hum vhtrh am unuiivuinst inlivf lie Intornl.
,lujiiir lu Inloilrul nrllunii ;; III l sen!
In; i, rill, oilier ,iienlniin u III I" iiniii crril
(,i 11,1s Milinnn. Iih mutt Islrrrntliii; I role
I, mi. ol Oiuulrrri lulll c urji-ni lulu Iic
slurw ut Vtttr Flint.
ri'Xi.r
Bi:i-'i
Sii
i:i-'(ilii; 1 tell what happened lal
utidaj, I must put down wnat
Jetlmi -loins told us last 'lliumuny iu
' the salesmanship clasf .
IK- was spealilmt the week l.eforo or
I Ihe development of character and per
Isonallty and of hov wo mint develop
tin, various traits which, combined, make.
I up n fi How's character.
What he f-.ild this week wiis some-
thine like thl.i: , ,,
nvv oniai of course, oiciuo nin
'trails of chaiaiier we are weak on and
then nfust properly exetcise umu "n"ianii e-roucn uown in a hump In fifteen
they lieriinie stroiic .tint positive. minutes jou'll bo a III subject for n
cm Mime of tho mora Important ones home for despondents. Thin look into
f will Klve plnns of development which your mirror and grin and you'll first
any one rati follow. I laugh with vour faco that will c.iusu
..i.j .,,n.,.u 11, m Irttlu'.. ...nn..l ...,... , ... i. ..,.,..
TolllKllt WO Will hV inn. urn
of i-..iiceiitiation and (.oiiraKe.
i-oncentrntlon l tho nblllty to leather
initither our thoughts to n focus. If ono
ssessea this Malt, , he has .he a bill y to ,
ixncl every otner inouuin " -
for the timo beiliK oxcipl mac in vviiikii
ho Is Interested
"Start developliiK this Hall with y&ur
reudimt. When you have finished a
chapter of a book or u newspaper ar
ticle, see It ou lememher It. If not,
your mind was not given vviiouy m "".
jou weio reading.
ou were possibly halt reading other
headings lu lhe paper or peruana half
listening to . onv ei nation lieliiR held In
tho loom, or train or trolley.
-if possible, lead aloud, so that tho
extra effect of the volco will aid oU
to keep your mind on your rcadlnif.
liS. business, remove as far ns possi
ble .ill papers and articles not concerned
with vour immediate Job. The sight of
such things nttractt) jour attention and
eflBtincts from your Job. themby scat
tering your attention and that Is tjje
rcveisc of concentration.
".stick to one tning until nnisimi. n
I com- mind veanders to somethlnt eo
I rore. II back until tho Job Is done. The
J onlv way lit get rid of an unpleasant
tnsk is lo get It done, and tho sooner It
I Is done tho sooner you are free from It.
"I'hyslcal concentration lendlnelo tho
I completion of duties cultlvatis mental
comentratlon.
I "Tho mind Is lho a Jus. It can hold
ieo much thought Fill It with thoughts
on tlm Immediate Job, and there will be
' no room for anything olae.
"It's an easy trait to develop, and so
I Is courage, which we will now consider.
"Courage Is tho ability to wisely per
' slt-t In the face or opposition and danger.
"Notice that word wise!),' for with
out It wo have foolhardlness, not cour-
u ge.
'Vou doubtless remember the story of
tho mouse who got drunk and full of
dutch courago and strolled Into the mid
dle of the kitchen, stood on his hind
legs and hiccoughed. 'And now, whero's
that damn cat"' That wasn't courage, of
course.
"Don't confuia couraKe with forti
tude. Courage enlls for uctlon, while
forlltudo calls for indurnnce.
"Courage la common In men: whllo
women possess foitltude.
"To develop courage, do ut once Ihoso
things jou moat dread, When 'ou meet
opposition or discouragement, fight It
at cmco by e'ominlttlnej j-durselt publicly
Now Ready !
for delivery at oijce.
"AFTER THE WAR"
mi no - In - the - minute
Hlisorlilnir, free booklet
la tireiiarlna" which (lie islllora
atiiilfil the opinion of mora than
ino leading American auteam,
ankrn, esrcutlTri, labor leaJira.
ptofenora, nitrchanta, railroad
inrn, dnaucteri, nrltra, ete.t on
probalilr praca conilltloni,
Call.'phone pr tvrtte. Aik tor
Uooklet T.U. m
JONES ik BAKER
SECURITIES
Wldtntr Dld( Phllad.lphla
'J'lionei Hell, Walnut 1690
h'tyitonr, Haee 2290
Nair Tork rittitinrth
Cblcata Direct Prltatt Wtru Boitoa
A N'N ITAI. HIKnTINflH
J"
Miner.. mi-; ANMj.it, Mtr.il.NU
tne i.'iitriuuior oi ni. inria,
lODher's llaanltat for Children will ba held on
Tuewlay, Narrubtr Itlb, at 017 .Cheatnul
r'a iiaaniiai lor i
lay. November
,t 12!-JO ii m
u HA'iJlS fl&JSSIK
ra,
Jr..
Swtary.
of Petey Flint
by Harold Whitehead
1U1S1
- . .. ... . ......
"Tho longer J nil delay flg-liting dis
couragement tho Kreater nnd sti ouster
It becomes, mid bo tho harder to oein
UUor. "l'Var of lldculo freiiueiitiy kills
couraKe. Hut aa rlilliule Is pi-nernlly
tho outcome of jealousy oi iKtiornnci-,
It can easily bo dispensed with.
"Coiifliletieo la one's nbillt) to decide
for one's self will ovcrcoinu fmr of
ridicule, especially If wo remember that
every one who Is dolus notntthliiK has
to face criticism In all forms.
"Finally, here's a simple phjslcal
trick to develop e-ournKc. Walk In tho
polso of couraKe; hold the head elect
nnd the shoulders square. .Ah thought
has a phvslcnt leacllon, so u physical
action has Its effect on the mind.
"To prove lt. sit liv vnutselr nml thiol
how miserable sou am; pull a lonir faco
,iii.i.i uvuun ,o iiiui. jou Will ,UICKiy
laugh with jour heart nnd mind.
"Cheerfulness 'and deelslon help cour
age, so next wik we'll discuss them."
Some little Idea-thrower, Is Jonesy!
Mimeliow 1'vo not felt llku work at nil
while at I,ec's. Thosu llirio Idle days
last week seem to have put mo out of
'my stride, ns It were.
I was howling about It to I'rancls and
he said:
".Selves you right. lon't you know
that when u player of anv e.uno ro-
iiulrlng skill gots careless. It takes him
some timo to gut buck to his stride, 1 used
to pluy pool, and sometimes with n.
wenk plnjer I'd Just Tool around enough
to glvo him a chanco, but when ho got
up to mn and I tried to win I found
I was off my stroke It's Just that way
with selling or anything else. Set, I'eter,
get busy nnd get Into jour htrlde again
and keep there."
Oh, say, here's something real funny
Eosh, look nt the time! JIo for the hay.
TODAY'S lU'rllNKHH lll'KlHAM
The fib ahead of tis mat Im like n
Mlfer jill (n tie tnniifi; the lovgtr
ice put U iitf, the harder It i$ to
awalfow:.
(I'rom r II IV, llolyoke, JIass.)
Wiat does this inian to iiit;r
LIVESTOCK. QUOTATIONS
( lilnico, Nov 11 IIO.IS Iterrlpm, ,",..
Ono hunt i ltt over .tsj lieml N',, trailing
belnie iill.mnlnl I'acklns hnuna' kllltiiK'
gaima mul drivers cob-brutlng tin, end uf
the war.
I'ATTl.K KatlmatM rarelnti, Bii.ihiO Iiih.1
tilli:i;i' Katllnalafl rerelnta, IS.OOll heuil
('Iiirtnniitl. Nov It. IKhIS-
lUuellita. 14.
s.ui nau. xuri I'aeKers
i haii. null rarkers ml butehers
'.'ill, .umrnnii to choir, IllCrin, nliia utnl
its llotii iii.sii. Min. Iloii 1,1 2,1.
41T.nl
llchli.
I'ATTI.K Kneltits. 330O
ateera. IH.SII'ulS, he-Kara H,-,0M11; mm,
lll'llio e'aliea ataaily. lj17.
MIIKKIe nn-alllla, 400 heild. I lull. Ilil
II. Lamb dull, lull' 1,1
I'lll.buraii, Nov. 11. CATTI.K HeielpU.
((ion htail
nous luo.ipti, in.iinn html
WltKKI' AXU UlMUri Itecelidt. 7iO0
hrail
l-ALVKH Itaoelnta, ilfto baail,
No quutatlona account paace. rrtce-a un
cerlala. NEW YORK I1UTTEU AND EGGS
New Ynrk, ICuv. H.-illUTTKIt Ileeeltita,
lliiil tub. Creamery hlaher (ban eitraa,
ilJtIISui rrramcrj eatraa (iii aceiral, ll'.'o,
nr.ta. ."Slitcumo, pucklnK ateck, Nu 2,
31 e.
IJelllM Ueeelnta, 47(1.1 hand I'raarl-Ratli.
ered extraH, niigiTtiu freah-ieathered. re-cutar
imckeil, extra nrata. uilfitlsai au. tlraia, not
itfc, 8(ata, Pennhjlvania an1 nrarbv writ,
rrn hennari whltea, fine to fancy, nsctfll,'
Ntala, lnnlvanla and naarby hetiiery
liruwiiB, 7iil7.1ej ib Kathered broivna ana
mixed culura. tli)u70i.
DIVIDENDS DECLARED
United Llyuwood Coriioratlon, ouarierly of
lty per cint on common, iiajahle Jauuury
a in aioia ci recoru i.trpniiwr l..
Pittsburgh. Tuunaatewn and Aahlabula
JUIIIWB7 s.eiiipniir .urirri ul It per c r lit
on prefarrail, parable December 2 to stook
of record November 20.
White Motor Company, regular quarterly
of fl. payable llecember 31 to actuck of
record Pee-ember 14.
Atlantic Kenning company, iiuartrly divi
dend of .1 per rent, payable December IS,
.money-lending rates
I'llir.AllKI.VllIA Call, tl per cent:
time. Eft 6 per e-ent. Commercial paper,
thre-e to six months, 6 ij ti per cent; six
months, C per cent,
LONDON Money la Quoted nt 3U
per cant. Discount rate, snort and three
months' bills, i 17.85 per cent.
"Ry I'igeou Po.t" Open. Tonight
In recognition of the spirit of Jollllca.
tlon which swept l'hlludelnhla, today,
Floreiiz Zlegfeld, Jr., has advanced tho
first production of "JUy t'lgcon l'oat," at
tho liroad Street Thentre from Tuesday
night o this evening1, "lly I'lgeon
Post'' feature! the role played by oarrler
filgeon In the war. I'hoebe l'ofter will
HMid v Of oWe cat.
BUSINESS WORLD ,
PLANS FORPEACE
Employer a n (I
Alike Turn to
Worker
After-
War Heconstruetion
- I
WISH GKAnUAL HKTUHN
Orgiinit'd Lubor mi Ciiaril
Against I'eriud tt' lTu-
rcit ami Idlt'iioss
Willi tho iilinlllee siK'i'd, b.uler In
business lire plnnnlnn f"i" ' rei-oa-
Htriictlou peilod
I-bei- look for a Kenrr.u r. .iiijusiiiifiii
or eondltli.ns, necessltai.d b the couii-1
tr'M reliuii to il l"";wai looiini. I
Many trades uippir.i nv ne rn -
Pfct a period
r uiienanipieii pnispirny '
.iiiinuii'iuiMi """," i , ..
k- ......in ,.,,,,i,i ill In- criiflu.1l. so tlin
-.. ... ,....,...-11111- .,t11Ii-l null.,
in,. hh,,j,,," -
mi...... ..t in...! iinw lioiinr war wilk
"ITiies are llkel to remain liUti for
sniiiD time,'' said Mr. l-'olwell "llils Is
because of the existing shoilaee of
wool, and Ihe fact that th.ro has been
only a very small piodilctlon of clvlllun
Woods tlurltiK tho past viar
Iininr.lbile lamer I'rlrrs fnllkel
t do not look for lower prices Until
after the iloveininent rtlcascs wool fm
elvlllan inaniilaituie. lt Is dlllleult m
fit n. time for nrlccs to come baek u
tiormnl. 1'onsibly it will not bo
UUtll
tn M fall.
"liven nflei tie.i.-e Is proclaimed the
aovernniflll w'il tlee I I'lotliltlK for the
troois It will Ink" some time to In lint
the in my homo and dlband It. Tho Oov
einiii. lit nt prese'it Is asklnc bids en
more armv itooils
"And when Ihe Hoops do Bet home,
thev will have to ili.initi' buck to civllli ii j
clothes, which will nil I mr fai more
clothing than In my opinion tin- denleis
now h.-iv- It. sloe k, as htocks ore v.-ij
light at present
"I'loin Ihe time tho (lovernnicnt re
leases vi ml fm- clvlllun purposes, it v. Ill
take . ght r nine weeks to nrike It UP
Into cloth The vvunl must bo sorted
washed, i.irdid. spun and woven before
tho clothing n.anufacturirs are aid"
makf It up. vvhui lliu iloth Is ivuiIj,
It will not take long to m.ikn the i loth
Ing The clotl tug factories nn- nbfo to
tuin out ilia completed product In n
remarkablv short time under present
conditions '
Labor llelf Is no less Interested than
the impl ijer nf labor In what will hap
pen when the tlitie of readjustment
comes-. Timing tie period ot the war
organized Pibur has o-operated with the
,........ - - - -
Rnvernmnu III keeping down unn-st nnd
sri-celliiir nn nioiliii-tlon.
(Inrenir M. Miir.ler. nrolilttct and
.
e'liglneer, said :
" 1 ) 1 1 1 1 1 1 1 1 1 1 1 1 1 wiU'wituess tlie gre.iiist
boom in the biillillng if mamifactuilug
plants iu its history during the next
four or live jears. With Ihe i-oinlnir
of p.. n i, mlllloiis of dollars worth of
building contrictH Unit linve been held
lu abeyance slnie the opening of link
tllltl, s, mi that wur woik Inikht prna
Per. villi be ri leased nnd Willi n urns-
nrct nt' uniiile materlai.e on luinil. an I
unprecedented i rii or activity In all
bulldln? lines may be nntlflpattd
"I tirmlv b.llevo Hint from thiee to
six mouths utter p. acn Is declaied an
iiiormous iiiuuber of Industrial buildings
will bn In the couiso of eree'tlon This
applies puilicnlnrlj to i.-xtile plants,
of which veo velll see a greater number
than wo i in- dreainid of befnie as
tliiin goes on
In the past ii has been our custom!
will In. able to mi iiiick hi uieii nuii'.r ,,.1BH lmr , ,K, ,, UtKe ri.,r. ------ -- -- ' .,.... nun inn, , m,, ,. or llic . loslnif or the i'IiI.hru
necuiiatlmis without l"s of tl"""' mints that pioilts will be lomlnit In for' !, .. ,, ",,". '" tlmt ""' ""'' mar-' llnard of Trade and other larKe cotn
mnney. Ksm-clally Is efttanlwil labt.r on i ltm,ly ,,,.ltf. ("; wl "''i become .aslir hii.i that modlly ex. h.iiiKes thromthoui the eoun-
kuhiiI ..Kalnst a period i.f labor Uhrent , , ,nllPCltoll lt ( ,,,. t I ," cllnVMflVI II ,i!''. ". ""'" a"J r''", !,m.""U "Wr"Ct ,ll,'con,",u,,I ,ra"",--and
m.e.nplojment. ,, note tlin opinion ,, this MibJ.-ct .hh.-I ,.1 7 "'lCW ' ' , ., , , ., v
v...i.... -p i-..i...ll former nre dent ' t,ii.,n,i o. .i,- .. i i i,... ..1 .1 Assistance of ileservlng eiitermisr. Action w. is also taken cliislns- the Ne-w
,fthe Manufacturers' nub and protnl- ,,- ,n.Ucpa house o.'i.ai,dl..r Broth' I 'J"" "' ?'" fr-' " .1,? mll.tranlV fn"H oiXn ram.
to obtain ininh of our levtllo pioducts I Imr several points. New York e'eiitial
from l-'reijce, but most or the mills de-bentum t's arc In good demand, as nro
over then- have been destrojid Now. also the ltoe k Island, ( 'Iih ago and AV. st
this business will be cairled on In Amer-' em Indiana and hea.ipeako and Uluo
lea and I'lilladelnlila Is iirenarluir to
.. . iiiiu riiiiuuri tuin ,1 iiii-o.ti ins i i,a.
get lis sham of it " ' Theio Is eomlnued buving r foreign
Jnaepl. VI. Ill.ld,., ifpreumtatlve li.l"verimi.mt issues. ,.rilculailj "
rhilailelplihi of the American Ide-ra- Anglo-Kreiicb .'.-. whMi bold at well
Hon or Labor, said above Ufi. These bonds li.ivn been In
"organlzf-d labor hopes that the Oov- favor with the Investing public for sev
eminent will not order any sudden stop. ' ei-al weeks past, and much bullish talk
page of war work Hmh a slonnage ' Is heard In the t ratio an to tho outlomt
would tin on- laige numbers of men out
of employment.
"Kvery ono tealles that when the
war U over many men employed at war
worn win nave to seea jons in tneir
original lltus. Urcaiilzcl labor will
do ever thing iu its Kivr to fncllltat.
this readjustment Wo .elll co-operato
In ever- way we can with Ihe Oov em
inent to relieve the situation clouted by
the ending of the. war. The plans for
this work cannot bo formulated now-;
thej- will grow out of the conditions thai
nrlfe Wherever nee. ,.a rv, organl7.d
i labor will aid Its inetnbeis lo get back
In (heir furiner occupations
"Tho ending of the war should be a
great stimulus to the building trades
Industry will resume where II left off
at tho beginning of tho war, but under
vastly Impiovid conditions, Il nuil bo
borne In mind nlwajs that labor de
mands fair living and working fundi
tlons.
"Tin re piebald w ill be n readjust
ment In wages as a result of the return
to n pe.ico basis. In certain Industries,
however, we regard the wages paid dur
ing the war as mil what would have
been fait- In time or peaie Iu others,
the wage scale has been so high that
there can be no objection to lower
wagen, provided tho cost ot living comes
down.
Living ( iil In (i.nerii V intr
"Wages gencrall) will bo gov i rued by
living cost. Puiing tho war our people
have suffered severeli becuun of some
profiteering mere bants. Wo havn been
silent about this becauso wo did not want
to embarruss the ilovernmcnt ve have
kept our mouths intuited so ns not to
creato tiureat.
"Now, when peace Is declared, the
worklna; man will not stand for proll
teerlng. The employer cla's and those
lu business will have to be fair. Where
the United States has warred to estab
lish democracy abroad, wo will tll.Lt for
the fruits of democracy at home
Labor has sacrlflcd many men to
our country. They bavo given up goon
Jobs to go to 1'r.ince to ngnt. vv tun
they tomo home, organized labor will
see to It that theso men enjoy In tho
United Htatcs tho same rights and bi no
fits that they fought for abroad."
Colonel M.inui-1 I. bit. of Lit Ilrotbers,
bald: "I do not bollevo the signing of
the armlstlco will have tho slightest
effect on business. Of course, the peo
ple will bo much happier. 1 think that
business will continue at Its present
pace for at leust two or three yeyirs.
The need of production will bo Just bb
great after tho war as It Is now."
Charles S. Cain rll, president of the
Corn Kxchange National Hank, said the
nrrlval of pear would cause hardly a
ripple on tho surfaio of American busi
ness us far aa Immediate results nro
concern nd.
"Money will I'ortlnun In bo tight," ho
raid, "but tvery lino that intars irto
leoonstructlon wok will contlnuo Inoiu
intr. The depression will be felt In thnso
lines that must fight competition abroad
Tho textile trade Is an Instance
"Our tariff Is too low to protect our
manufacturer. I hopn the Republicans
In Congress will be able to put through
a tariff measure that will afford tho
needud decree of protection.
gossip of the street
OPINIONS DIFFER
.ON 'PEACE' STOCKS
Soiiii' Hiiikci- .mil Ir.uli'is Soc
Itriglit OiitlouU' for Ortuiii
.ir Is-iir
Mm k linilHi t obsirveis daring the lat
fp" "x- " '" lfi," M"
(Mine coin liislou as to Mhlih lasUe'ii tnlKlit
Jilstl he plniid In the "peiu-i)" class Kc
ccat price niuveiiii'iits have, with tho
lteiu-r.il trriul Inward an e'lirlv aii;l l.ist-i
hiK Peni i- Imlleiitisl to a eerl.lln i-xlrni
hat MoeKs the trading publlr has eon
sldefisl most likely to bliott eiirl bitirill
from an end or hostilities, bin opinion
varies Rreatly ninonir brokers and trad- I
rrs n to uliethir or hot tteint .-Imiikphi
ii-iun piioh me posHiijiiiiies 01 sunn.
i. . i ,i ci,h- to... l ...,m
molj ju,ltcliem H." iiiul otlicr steel In
dlistrl.ils and favorite old
..... muid1
,,,, ,,, r, ,,. , ,.ng,,Bal i
bitK(.. i ...,P ,.ri. I
l-l III Will" fl III K
... ... . - ..
iK'ciuise in ine extensive neeus ior cnus,
. ..i..i. I
riiuLiiif Hum iiltir llir iimiii iiiui liilin.
n t i...... .......... ... .. ....,
--Thfr. 1ms bi-.n the same lrn-Kiiliuit.v
In in he movements i lie last week (is has
m vailed since peine was the dmiiltmni
factni Cu-h siiis-eedlmf development
looklnu lowaid an eally e-essatlon of the
war has diminished values In those se
curities seleit.-d as var Issuei and In
. reaed values lu those slocks that seetn
si n-iiri-sciitatlve of l.iliti-r oinsiriunitle.
when the Khianllc iiitiillit has Dually
stopped l-'alrlv juilc.-d as war slocks.
"nine e'lisis we ncoco ii I
llnaliis I, i bo proven, me I nlled Stales'
..in ,. i ....- i. ...
SMccI, Itepublle Irou and Meet, Iju-kii-wantia
Mrel, lletlileliem Hti el. MldViiKv
Meel. I'lilniHilii Re, Now Vntk Air,
llrake, Amrrlr.iti Miilnatriv Tobaeeo
iTiiclhle Sleel nnd Westlnghousii lllei -trie,
while the rnllioads, nippiis, niotors.
npiipnients, ships, tcleKiiiplis, iitiblli'
utilities nnd oils Iimiii dl.itely icspond to
even step forw.-inl as peaie ileveloii".
Corn rrnduits was a iiotnblv stunnr fi-a.
t ., - i ill i ins ii. ioiiiii ii, .... .1.. i.i. .i. ...... .... - : -. i-
lure, iis It tenchid in. This tuiikse a "flhand in express ti correi t opinion, but
pecullailv divided market In which ,nl-! "" '-n. d nn the nation's financial cor-vntie.-s
nml declines oci Ur at the rnmc I """'" slinulil b.i fnvorahle
lime during H day's tiadlng and fori (buries i; minu, .r ,,, preslilnii
seviral days." i "f (he I'hlhnlrllihh, Nutlnnul Hunl,,
I'lipllill l-surs I iiinuiillee Itllllllg
ltli hard I. Austin, chairman of the
distill i ,,ipltnl Issues coniuiltlee, b.tn is
sue! the fnlloulng Btnte-ment for (lie
beneiit of building mid loan assmla
t ions :
'In vim- or tlin iiuliietotis liwiulfier
rcielvid bv this c.milultlee from build
ing ami loan associations, as to the
pollirv- of the eommltteo In respect to the
issue of new series stock, wo nre ,ni
thouzfd to state that tho capital Issu.s
oiiunllt.e ut WashhiKton has declilid
.,......, .. ..
nun uuiiuiik .mo loan assoii.ition hti.cii
sn.ui uoi n, consiuereu as In mg within
"' pmt'ose and scopo of tho committee,
i nl"1 "'" " ,K Iherefoiii unnecessi.i n.r ,
i. ..... ii . . . ... ,, ... . '
It Is therefoto uimecessi.iv n.r
such
is.s..clatlons to mak,. ..imll. atiuu
In the eonimlttee for pet mission to is.ue
new- s.ilesstoik '
strength In lliniil Murkrl
Slimriso Is nvnrenfiit l u,i,n..
. , tics
.. . ....'. . . " " '
no , I n- 1 ' T ,T, rr,". ."Z "
.... ............ t,. ,,
In the rai e of the news that tin. nn, lull, a
signing report bad piovru false; but It
was aicepteil as indleatliig that the
I tend of the maiket is In the rlxht dliee
tlon The public obiloiisly accepted tm
granted that the slgnltig of the liriulstlrn
could not be long delayed, and, with the
c. ssatlon of hostilities, there Is bound
to be n good ilemand for high grade In
vestment lsiiis, as Well as others of
secondtry liupoitnuce.
Siiiitheiu iMclilo ronvi-rtihlo Ci nro
popular, lu sjinpathy with Ihe movement
--
I In theeompanj's stock, whk h wus one of
the httongest Issues last week, advane
i bonds,
i for tho future e'omso of tho nut kit In i
them.
I I.tboity Loan bonds are quiet, with
pikes not materially ihanged. !
liurlTerm Notes Aitlte
Shorl-teim notes were active
wccki them being u fairly good Inquiry.
although tho nggiegato anioimt of busl-
H.-.S done Hill coniinueii smaller iniiu
.ti niuu picvlotiH nc.at-loiis In tlie Inst
s. veial weeks, ejilotulluii.s were about
the .same 'I here was ti good Iniiulij lor
such Issues us l.emgn van. itaiimaii
lis, Delaware nnd Hudson .Is, American
Teb-phoni fis mid 1 nlon rnellic Us.
S'hnit-teliu iiillrnml iioIoh wete uinotig
the iiui-n popular l.ssuis of this character
and It was stated thai but few .niuu on
he maiket at tho prevailing level
iiuotutlnnr.
There appealed to bo n disinclination
in ..ti iiiiiiiniL'li iboi-.. vms not nn iin'ont
demand lo buy, particularly ut long-teim'
'
bonds have become so nnnu nr recently
nu to attract widespread luterctt lu
thrm.
Market Opinions
In thnr review, for last week, of mai
ket londlllons, Hehmldt ,1c Duel say:
"In tlm few minutes left for trading
after tlin premature peaco rumor vain
spread broadi list, stocks bounded up
wind inpldlj It wna an exeellent In
elbatloii or vvlut may be expected on a
broader scale when peacu Is eliflnltely
concluded Investors who havo not al
ready taken ndvanlago of tho low prices
should do so at once."
Koontr. . ( sa : "t'nlted (las lai-
inovemeut and tho (leneral Aspniiu
ui....l.u .. n I.k ., ...... 1. ,.,., , ,..i,n-n
i,v;in ,,,.- ,,i,i .,, .--.-noil, in ,...
stoiks- on ih loci hoard, .ir.,1 they
very e leal 1 demoiistliiteil that on the
closing days or last week, when 1'iilled
Oas sold up to a. tiuw high for the year,
whllo lieiieral Asphalt prefirred also
attained that juejtlgo.
'Another local Issue, distinctly u
ptuco slock,' Is I'hlladelphia Kks-trio;
but very prob.-ibly Its market position
has been affected by tho loulroversy
with b'ederal olllclals over the iiuestlon
of the (loveinment suii)ilylng the money
for necessary extensions to take caro or
war requirements.
"Whatever tho result of tlm negotia
tions still golntf on, I'hlluUelphlii r.lec
trlo sliould uilinnco with other public,
utilities. Nothing shows this clearer
than the fact that the company's llrst
mnrtgnK la, which recently sold btlovv
89, are now quoted at !1 "
lu their comment on tho market Jones
S. llaker say
'Copper stocks continue to give n
good uce-ouut of themselves lu this
connection tho observation baa been
made that, whllo lepresentuttve copper
stocks nro selling for about 40 per tent
8IOCK nro seiiiiiiK iur iiihmii s i-. it-..v
less than tlin prlce-H they reached two
years ago, the eash and quick assets
f tviiillnc rniu.fr nrniloeers have In.
or leaennk copper pronucers navu in
creased on an uverago of about 100 per
cent lis tho ristllt of Imnunsu curnlliBH
.ii.Viio ih., lust two eura
during lliu last two jenra.
"The war apparently has absorbed all
of the surplus supplies of copper that
.. ino.n. ,,ill,.,l tnrllcntlnu- that tho
previously existea, inaicating- inat too
Industrial demand, which normally takes
tllO leilliro ouii'Uv vi cwi'pcr, iib wren
detekred and Is only awaiting actual
neaifc before Deine lccvooic.- i
BRIGHT BUSINESS
OUTLOOK IS SEEN
Kinancieis Kpect 11 Lines
lildll-lrics to Hoom
W itli
IVace
kasikh mom:v mki:t
Hanks ill Aid Dc-crviii-:
lorpriMV us Much ;i,
a J'ossililc
'M'
Philadelphia bankeii. brokein ,.n.l
nt ,
nil-ll inoniHlflll in Im flnni.. inl
...... , . . ..1..I....I
world, When asked toeliiv ulmt the ai -
rlvul ur pence menus for scmiltv Mil.
I lies and Keiiernl Inisiness tlinniBhout ii..
' "" S.-...-I
,:",,., , """ ' "" i-Wnhin llmi
,11,... .1....
"" ' ." ...iuiukiv nriRni. vv till.
r-i'nuii" IIIIIL
the
IJoMirnini nt s nl
f,n I In coi.1 of vli -
f .. ., . ...
lur nti.iinis to
I.I v
i,.,.. ..HI
iul win
nut' ha'
run lis i nurse fir
Ifoinmlnte plans for llelliltnr Imlnmri..
11.... I... . . . .--.....-
that have up important relation tn re. 1
lonstruetlon. t
Tin ..pliilmi Is i,ulle R..r,e.., .,
lnldltiiT brokers that ncnn In ,.,.i,. i.. I
...-- nu .iiiui- ui M'eui-iiies it was
iioiiiivu out, however, that Wall sti
linn iiiscoiimeit ne.iio for om.. u...i.
and that, tlidefuie. the dellmte end or
hostiiitli" v.oiild lint have ns wliln ,Ul
ffeit as It would have If tin ni.uket
hud not nidli ipnte.l It. Th. t,.u, lit r
insler inonej cutidltloiis tiiiturullv is t-.i.
IttK to iiinke the stock m.iikets nm, li
liinad.-r and stinnKer.
Mm.. iioIiiIoiim ur bank, r- and brnkirs
follow
nillliini . Liu, nrrsiib-iii
of III.
I Ir.t Null,, mil llnnnt
llnru are m ninny sides
tnanv
fa"s to tin, probl. ms, tlimiiil.il ami nth
' rw '"'' w lileh this iotnpai.itiVel su.lili n
' I""1 ' "as broiigbt. that It is in sslbli
-irsiniiiii cannot s. e tlmt tin
signing of pi-iice will have anv ilium ill
ale iirei-t ,,n gcnerul llll.lli, l.il iiinilltions.
I s.c .Mr. JIcA.lo,, is talking about two
.....p. I II.. .1.-1... -.,.
-J .s,,,-,., ..into in, inn. i
Uoieinment wlU still bo In Ihe market
fm timiiei for some time "
I mi ii. not vtbrlen Co., In.nl,, ri. :
'"Ihe signing of pe-neo imnns th.it in
i shoit Ilnn- inntiev will be msnr, tho
iisti-ietions mi trad hit; leiuoud anil as
a icsull it using mnikct.V
bi.Miiu r. Hunks, rrprrsenliiliip of
Ihe (liinriint) Trust 1'iiu.iisin, nf Vrir
lurk:
' "Aliv.nli In tbu ..m... ....
ing Dm lesulis of i.nco In an lii.r.-nse I
, " "'." """ ai u secunij business, which
.H.,U"I'.,,,,."". l"' '"'" """ " believe
, '
l , (lurk A. ( n hunker:
Uo see nt.y money In from three to
six moiilbs as a trsult of peaie. What
i H driiul Is the leconslrui-tlni period
i nriiiil Is the leconslrui-llni t...rt...l
I ?.! .!-.' " -.,.- here
iiuiaiici pm.i a one w eave hlghli- n-
' ,. . . ,,1i'Ui i
lllllllt'I.'ILIX,
uinlovnieiit ,, (II In ul,, r.
tier iney n.si can.
Hull her, Mierreril ,V lluiisell, Inuikrrs
anil briiUrrs:
"U last w,. have ,.,! i nl or the lior
rlble iilghmnii. whkh was hanging ovei
nut only Ihe fln.iinl.il wi.-rld, but whs
dislocating .very aiomie of legitimate
business It moiiIiI . only renS'innble
to etpei I an early return of easj moiipv
and guild buslriers In i.ur line, but .,..
mi.M also think of the other great world ', ' k iLlVd' '' ,1lW"n
problems whl.h p. auo brings to us us ! utn. f." I ISJai :-o. !!lint
our iluij
Vrmler A (ii., Iiillikrrsi
' b'nr mine .bus past. In anticipation
rf peaie. wo biivo had such a bund
maiket ns we luve not had for ji.irs.
We I nvo evety cntilldeiico that this con.
illll.ii, illl ,i,.. ,,i,iu t,.ui i... ii, i
, " ".l ' "' ,, !!'L ri'is , lll..'m
! ' ,,,irHj; vt rV lmnk,r.i
"f". M.mre, banker. I
' "" exchanges had been open to
lav we Mould have had a lesson
what e-ITeit peace would have bad on (ho
sto, k market. Tlm II, I would have blown
off, and it Is an well that the necessary
safeguaids were arranged beforehand.
We tin only taking limited orders The
peaie document will have a good fleet
Inn the security maiket
last' """ .H'lcVleekln A, ( n liunkersi
l"'"' ''"' '""' ho one lesult in the
''nanclal coiulltloim of tho loimtry as
" .-, - r,v. , .. .n no insuc
prices lop .stoiks and bonds,
"Vlnny J 1 111 . ulliri in Overcome"
I. M. Iliinll, president of tho 1'hlia-d'-lplila
J rust ('ompiiiij .
. "My Impression Is that tlin Immediate
effis t of the signing of peace will have
on tip, Iliianclal structure of tho country
I will be lalgily a senvlmentat one, but
ofjWiien wu later nn get uown to tho
transter ot wimi arc now essentials to
,,ml"i-iiii.u hh.i " versa vv win unu
ui.iliy illlllculiles to overeoine. There
1,!'," btr" "'"" "'lngs done which wen-
n,i,isarnl oiiil f,.H 11 blnl. 1a. ..-. ....
. """-"o. "" " ""on "" nn im
bo no salvage, but lu our futme tegiila
tlon of affairs a lot of this waste cm b. I
illmlnati'd and oonts loweie-d." I
llriijiiialu .lohn-oii, of Cliiiniller A. Co. t
"Two. elements would have met In I
iiiguiuenl If the stoik exchanee had
opin.il this morning. The Investor mul
oidliiary ira.l.r. both of whom, nu nn- I
u.ium.tnent of tho letnarkably good
news of Herman s surrender, would,
li.ii. brought stocks to the limit of their
means. The other Is that .lass or pio-
fesslonal trailers who always tnko proilts
on good news. Tho preponderance of I
ono or the other would have dtcldid the !
extent of mluuico or decllm. Tho unt
il ra I chances are that thorn would hum
lt .,,, ,,,, ,
been a v. ry wild and high opening,
"The action uf the New York stock
exchange m deciding to lemaln rioted
ver probably was In uniformity with
tlm cprtsed w lh of tho bankets, who
urn anxious to repri-ss loo much initio
nIiisiii on the bull side In conervlng
money.
"The eiulet and thought of the next
twent-fnur hours, It Is supposed, will
temper Judgment to a satir view,"
VI. 11. Hull, deputy g.ivrrnur nf the
l'olrrnl Ilr-ne Hunk!
".Many things have happened in the
last twenty-four hours, and careful
thinking Is required."
Financial Briefs
Irho New York Hubtrcasury Gained
437,000 foim tho banks' on Matunluy,
making a cash net gain slnco l-'ilday of
il ii.OOO
ritoro.s,i.8
KtMTI.ItN MTATi: IT.NlTKNTIAItV, ilKT
at ana ruirmouni av, j-imaieiphia, l'i.
8 , , prorK,.u wm , received l y the
, ntloie-namni Inelltuilon until IS o'elo.k nn.ui
rrldiy. Nuirnibrr IB. mis. for furnltnlnii
I meat auppllea fur tho month ot December,
( ani, flour Hnd flour ubltut,
p,lppva fur tho ninnth nf December. Ibis,
, To .be delivered free, of porterage.
frelaht an,l other chargea. ut auch tlinea
. , SUPh ,lui,tlllea aa may ha require,!.
an,t f not aa represented will bn rejected,
I Quantltlee lo be Increaaeil or etecreaaed at
(h dlai ri tlon of (h Hoard of Inapectora.
pPectora hereby reaerva the rltht lo
'',(Ct ny or all I4J. received aa they may
arm iwr im "-v .- v .n nmn-
I
lUlttUB s-la-Vmllr'T'l T VBXrV
. m ' Wariin.
STOCK EXCHANGE CLOSED ,
'Sii.iriiiM)irr.itioiis to Cclcliratc'
arioini iiuriki (ipon
I V fiv itiinuffs lief ire the usiial open
r v in up of the I'hllaiblplila Mu K-
iillKi lit Kmerllllm i ilnn. 111. Mil lo
lilui mid adopt. ti a resolution dn lunru;
tli(t rnr p.llllntli- rensiuis tin e. IihiiKi
i vn'iilil hut Im ninll f,,r tr.idlni; and UihI
I all lotitmcis falllnjf dus today would
! stand over until tomorrow, when busl
1 ness would resume
l'hls action followe-d elosely similar
Hilton tokin by New ntk Moek Kx-
ch.-inue mivsrnors and by oltlelals of the
lloniiiti. I'litklniM.ii im,i i-hl..iu,. '
elmtiKes aart virtually nil trndltof whs
stispctiileil throughout the country.
HecaUre of laws i-ntnirlllnK them to
it-main opi n on all d.ivs exii-ptint' b'Kal
bnlidavs, unless closetl on special proc.
iiiitiatlini by the l'restdem, national l.snk
liw Instttutlons trnusai-teit regular Ihmi
ness. Trust coinpnnles nnd state banks
i"o rciiuilneel open for the reason llmt
!... .. . .o..i ... ... . t i
.ni-j in,- i uniit'ii. ii ii. iiitiii-n.-i iiusin.-nn
"ii all day. evoptltn.' Ii-khI holidays,
I unless they are pennittid to i lose by
'permission ..f tlm Uovernor and. besides.
.. nil inu iiiiiii'inii onnns uncus, iiiui o
dllllcultv would have been i-nomiteriil
had tlin SlHte lln.inclal nrKaulHtlon sus
pelideil operations.
lltisllliss on tho produce exehanKe was
,".".. '...."
IIUAIIII'I.
ItAII.UOAI) KAIIMM;.-
lltrrAL.il AM) M'HurCIIAN.VA
. 101S
IIHO.MS
i.i;'i-.,r,in
im.il-.-il
WS.lBO
InerssiM' ,
ms.oij;
Sll 05. I
1
I
,
I rniirtlllT, KHil.. ,
i Nine tnonth sro-i,
immhk alter te
Nst nper.
-nifiMi
UA.NK CI.DAIU.M
llAnk i-Usrlnss lo,i iiimlMr. J
Ml 1
reniKinuins l.i umt irto im-
llils IHI7 KUit
I'hlln
ttustuli
im imii mill jm i;t v" mi ns; I
. ii jim i3i 4j-iio"ii :ui;sti
anse was urn open 10 irnnsaei
PHILADELPHIA MARKETS
niir Mpiuliliur l'4.' m ' -is mn. l
I ', Ktlmlli-r slrrR, .tllWS.",, Oulnra , '
p-i fsli. 7-iinsiii. riuruh- IU psi p.ur
(UW.-fi, il,i liiniitf l,i-l l-.r J'.finn
IMlKSsKl' -Hue il.sirnei- s,.-i1 i- .., i. nl-k-it
wrll il.nn.,1 up ut fu'i Hem. .
radon- Krrsti kllle.l lurrfri, n.-ti-in prln.
SJll I.V f.inl III barrels ur nP k. I,
f-llHl M-lritit .171-lir wrlRhtiiK h lls iiti-l
i,,r npii,, J", iiiiiill.r mi s -iv ,i :n: nbl
r,lll',l, ,tr nlik. ,1 'Js4 , lit. k, n u M m
t.n i w.lshliiK 14i llm biiI , .Istl.lni
":- ' ,
Ichlrur I His apleie mill ,.n .1.
elhln :ns lbs
I 7.'J.'"A,.".'r., "1''.','.-.
stilrci. .1:1 . wrlKhln
Hull Sti . plltu .IU' ks
annul,!- p i 'lor' ii.
.1 'IIIIHl l.lllllH ,""
hlt. wrlshlna- 11'iItJ ll, per .In, tsft
k L'.v, itn. wrbthlnif itM0 lb i" r il". I'lrr
T Ml, .In wrlalitns h lbs l"-r dm., JllWfl r.n
il, welahlnn 7 P, P-r ilni . Jl.'nWJ. do,
v.Uhlnx tUld1 II". t'-r dm. IJttl. dirk
II SHi'Jfiii, small nii.l N, L'. fl v .Ml;
kulmas. oung, is r pair, 5c(!f fl.-Ci. old
,",0f Tie.
I-HESH rilUlTS
'I hu in.irUet nili hIphi1 on r hoi Him i
of mu-tt dew rliitloti but tlr-mnnil a titih
IlltxlTHtir, Till' .JIIOtHtlorii" UfP an fnlliiWr.
Applec. Nw York, r l..irr). Till rit
I'.ii, l(i., Snnw Il'tMl. HutitmrUKtumi.
$ I U Ti y." 1int Miun. i, HUtft Ti-i, tlrpu
inir. li. rifin r. : Klnr 14 r.Hi Il.il.l
wltj. Jtii-'ifdi SMr.oun irnlM, .. Ai
U. l'punKlHnl.t ii nl Vlrtjlttlrt i r 1iM
Hpr V. M1-! . rk imtr.jil. lt ."nn
r. Titi Awl' h.t S-IiuhIi lMktt. inci"!".
do !itr bUHh hMlcM 'TnHttl M Ap,
York r-r Mil., JRftt ilo ili t'r tiuflh-tiak ,
S'jKiJt l'pnri, N"w York iir li.jh-linn,''l
Hourre nM . ISiT't r.(i Mt-1.1i.ii. ISW4
lArK. 1 MlfornlM. ir. Ijjc. .H.'.. 'inmH
CMllfornln pit hox tltf'J I.niim pt-r Mx.
$tldi.t urt.rnr t'll(oriiiH it . WAu.
lo. riorldi t.tr crittf t'Mifr iltnpcfruit,
t U. j .viifl ..ti I'lm mit'li h. t'nlnii,
)nr trHtH, J,"tni ."ti, tif I'orto Hlui vv vt,
io$9 Tu Cnmbpflm mi, i-er tmnh.
lion, -'.T ilrni'n, Nw rk pr r.-ll
brinkft - Oonv'ipl. SlWlllr, Jel..wnr. HW
L'7c, tirnpM, ,N.-t Yirk pr 15 Hi. lucket.
Concord. l inci' 1,35. Uraptb. Cultforul.i.
VEGETAIILES
The Kiherl market m uuii
nn I with
out Imp, u lunt ih.inre ejmitiitliuth U'IiIim po
limes. j.fmLt-rn r-imr,-, ,,-r inn - n i. .. .,u
If 4 HO : Ne 2. tnillia While T'lilatiieii.
.(rei). pi-r -iniiifi omukii n i. s. i,,
s-.. m .n4eTr... M'hlln (M.ful... .1. rV
irei-n .vinun
No 1 IS .:.
Il' III. No -J !1 'JV' I 7,' Hwe, t J,(itlltrte,
.lerni-v. p. r I.Rfki't No I Jlsit 1", Nu ".
ri(lf,f7.1o .Sneet ptitaloes CaMtem Shore,
pit bbl No 1 IIW4..MI. Nu 2 IJ ."nffS.
li.ttllie. New York pi r irile, Mlt li $-J iln.
Virginia prr I.I I., .".iii fit ll."."i lleuim rior.
Id i, per tiakrt, JL' ."i'ii .'I f,u, ,1 i V IrulliU
pi-r biekrt 7.V-II ti t'HUlltlowei , Louie 11
i.ml. per .nil,. 12, ,lo New York. p. r . rut.
Stiln.i. ( elerv, Nw 1 ork. p,-r burn h
nn ,Mn enbiiiiK,, N Yurk per ton ll'l
T2J iln Panlali 1. pi r tun. B.',i i'j
unions ii. r Inn Ib h..g V . II,, w. No 1
it ".niiLi.."! whin. Nn 1 lilfll.
BENEFICIAL
SAVING FUND SOCIETY
OF PHILADELPHIA
INCORPORATED APRIL 20. 1853
nifffffTi.' T -'
siiiiiii;!'ijj,i yjij
JiiiZiySj;
We arc now occupying
OUR NEW BUILDING
1200 CHESTNUT STREET
AND SOLICIT THE CARE OF
YOUR SAVINGS
"You cannot succeed in life unless you can save"
Interest 3.65
GAINS FOR STATE BANKS
Hi lutirasc in Assets Keporlnl
Ovrr I uo tonrrf Ago
lliirrl-borjr. Nov 11 Assets of pri
vate bank- In l'i ntislvai.i lumiwd
from I" 311 'Ci on No, ember 18, l'il6,
In .' 1SJ j.S ob S--Ul,f, mi . r .1 litis
iiotwiihstanillnif lb, mniiln , under t
cense ft, in the St.i'i llaiklnit Hi par'
tm m uis-ie.iseii u llmf pnlrnl rr mi 10B
to '.iS and the luitnbi i- xemiittil Under
the sit from llftien to ,,iiitnn
This was nhown In n muteimid Issasii
tmlsy I.y (-oniuilssionei of llankiim
lJilel r. I.afaii
'"I lose llnules an- t ikell rro-ll or 1c-
I'Otls to tlds ib pHrtiiu'iil. and show it
slrsib Knmtli In Inis'niss
ltd h:r.
, a lttlie
laiif.-nii "nil In limber II II
lover a Jesr hku rrotn the time of thai
Hisi usr-il lor lonip.u.son the numbi r or
Ismks lis. I fallen one. but itssets win
up lo Is.llit MB. while oh Juni .!) lat.
with iiliiil.v-nine Imnks li.-eiisul tin j'
eels showed Jti.OHl 311, "
i Tile ri-imrt points out that (lie li.ltlks
luder lleinse In rteiitiml.i i owned
Jl.afia.2S7 of sto.-ks .mil bonds r.n8.7'"J
of moiiKRis and J.l.s.'iii IN? of run is
tale, all grains mil a few iars before
The held mill ii'i of rallioiid and
sleainslilp tickets, which was form, rl
nulti mi Iti m
The ispltal nv.sted is ulven as S. LSI
sT.l: surplus, $l..Vij,TII. undlvld-d
nrollts, S-S - 1 . 4 1 3 Mini deposits Jlti!t3:
The last named Item shows nn nie-ri i'
of nrnrlv Jl nun nun -In, e June .V, una
more than ft nini.i loinp.ir.d tj lh-
1 1 ember 11, HUT
I The Biiiinimr sin iws tb.it the ur sen
ousl) hit the f m "sn buslni i gi in. rally.
' Hr'trip ll.mks' liMounl Hales
! Olllclal discount rates at the twelve
lVtb-ral llesu-ve hanks wen- as follows:
1 (The flrst coinnui gives the rates Tor
, all periods up lo ami Inctiiillntr the fit
i teen-day mntuill). Hie set uud for up
I rind of sixteen to iilnetv das The third
i and fourth columns an- the rales for
rediscounts of ullateral loans sccmeil
I bj Uovirniniiit bonds or notes i
I luin i rstwr on, r-sppr
phimafU!,
risveinnd .
III, tiniotnl
AtlMlltH
i Mill ntfn
in tn on
tn tn tin
ilHJ s
lliV-
1.1
lain days
lit
, lit
ft
r.j
I
I
I
1',
m
I
I'.
('
I'n
I".
11
l.
I1.
I'l
l,
SI UlUiM
Minn. iiH,hs
sun I'r.ni, !
l.UMtH I It.
I Willis
, (HAIi
am) i i.tnm
'.IUIN fh.
nun re nl
l.xi hitnj v s
' - i ill .v Imp -ii . liTir.ii
'n H ' e.iini ,.f it . niKiiinir
ti .ih 1 iUi-Uitle.fw ill i
' li t Mri Ilnii
.-.- iu, su p nd d
,f lh ts-nrs- nrm'a
initosl i i tl.u au
i'i.Ml It Hi mtlK't M. 'lull tlKi Mini
nnl I'htj (itii.tiiiiiuiH foitiitt To urrUv,
tir H0 iiiiuinl- n Mi rMiuml fhi k Win
tr uhii Imj t.r i - nt Hour lltiuin .".
IvunHrt. whfiit. tmt ii.t i nt itii i Jin r.oft
iu ., .prmtf Mhi-itt. J mo i r-r t-nt flaur 1U 5il
Hi 13 ri.oru r-..i niuwh i rnnnT rat-t.
iiunt hi $" VitiO "rt per Iparrel In iiekn,
MS til i.uuillj
1'ROVISIONS
'I ho market rulM inii viih n fulr job
Mil iJti)Ai)'l sjuotnil(in t'tiv ur tttrlern
h-rt. In kcIh. itnAkf(t r iit lof knuot1rt
and twnliTii. MMi.kfl nnl ulr flrh0 HUr;
titli bif kliuikliH unit ft-iiilVrK, umnkFil.
l4Ut. Uvt luirn. .u lwirk. fninll J.'iHitjM;
li.tmtt s. I. ( ur. -J i.Kt. , .14's ja5Sc, dt,
cklnnM, Wiuaa. antf.ltUii. dn ia. Btnoki.!,
:IH43lut, wihr linint Brmiknl rll turerl,
1 nn to l-ran-l nii'l arun;", 5tl' tiflTS' ImrrH,
flmokftl, M.'Mprn curnl .in't ritl'iuc do.
I lolli, lniiiHLMH 51c pt.nl" nhuuM ri. H l
1 ruf'M. Iinw . Ltt , ff tnukrd, "i tfOltlrs,
In itikl. ((v'irllnK to ntn-rnrf. htowv (.;
I r.-'ukfiift Imi.n us to In-mil unl itvrutf
tin urcil. I7V'. r.r!nkf.ir.t i,u tin vuHtm
curtil, l"'s . I.inl. mm in rtfliiHit, Jilt
ll'4, IhtU pur- ltv. krttle renvl-rctl, iyff?
!",n4, Hi:riM:o bUOAits
I 'rl. es w- re llmili mHtniatis,!
i or jio fur line uranjUt,.!
ii u lmvlu
DAIRY I'ltODUCTS
Ut rTI.U t'ntu inik wan hi .r'1 un.l 1c
liiehur with '1ihhiii . i.uul to tlm off rlnca.
tiunUtlnn olM mh'UhiI insinifn, extruio,
i t.Jc liUht r-ii urlnv Kuuda i..t9ti.V ttit Ittt
ter for J obi) In taltn. .'xir.t flrti ifiij t!uVc:
trtt ."iKioMi , fhi nndu . I'.f 5.t ftttn y
Lr.inlis of i-riiit-s rfot liiin, m i.d ti fitlr to
Food. tW (Hi
i:U(lN Kin it u 'nlil i urk fi i a')M
ur fit full iltrurf 'i h iiutit.it ion. xx t
I foItuwH JVki' ihmc it .fin nrin J10.M1
f (U SM til r i'rntp nirnMii r(.i iiitu III M
Ii-r iMttv, wft'tfrn fsirn tlrnti $11 M)l 1'0 10,
twr ihi. Umt' JIIMMtlI .o i r ihf . In
I firlor lots li.H-ir. fton-n- unn MS 201f II 40
trt-r I t"1 UN 1(1 lt-ll HIHllfll lllfl r-
. trt'l wrH Joi.i.ini .t Tl7t i it
CH1U;1. H.M tiiiiik. i ruli I firm thuiul.
' iult WU'itiilrii' i' i irk lioI-m!lk
I lnn fri'th. 'Milt 'A l'i) w In in hltlhr-
I Nrw York whi.U milk. f.iir tu eriuxi. frcnli
r.Mi..l!W' . t ImiinMn uhul-nlik fnm,
33V3.ist. i.i. iio fulr to jv-ooii. :i-j ), 3;"3 1
talV H Till r in littlt .J-niui.ii aril h
inarUt rulvtl .tk I'ln iu-a itlonn vrt
Kowlx, hi'i iirdlrm to uhI11 ;t'J ( Si
KpritiK lil' 1 it- mini lln; to ti'ialllj LMHid
:.'. iuti'iN y - - . I"" kw J'rkln J12H
Iio (Jo Ih.llnn Ktirn. . JN m .1(1. ( n .Ss-f
THE
i Ufcn i
.-i 'i'ii ,y. Bsji
ii i tr"
per annum
1. J. DOHAN. Prewdent
. I
I
XM
-i
" r '1
FieV
ra
'(ftx
jW
-4
1?"
-WW.
X
hC
.
4ei
?:",