En5KZT5Z ymm ykwmmtsmm iM,mii.r ZQWUvMtfff, EVENING PUBLIC LEDGER- PHILADELPHIA, TUESDAY, DECEMBER 31, 1918 '1 u mfm I V U r' w r i i.t $tew York Shipbuilding Corporation Camden, New Jersey Tha yard that launched the Tuck, ahop In 27 days vyants some good mfcn for various departments. Do not apply It you nro nt pres ent working, for any other shipyard. ' See representative tit U, S. Em ployment Service, C21 Arch St., also 3d & Walnut Bts , Philadelphia ; and yCth A Taylor Sis., Camden, N. J. William Etsweiler & Co. ' ESTABLISHED 1833 TSPEOALBLACK" WATERPROOF Manufacturers Waterproof & Steamproof Leather Belting Philadelphia, U. S. A. "" Nagle , jSteel Company Steel Plates and Sheets i Pottstown, Pa. u. J.B.FORGANSEES BUSINESS BOOM Financier Believes Early Return to Pie-War Avoca tions Probable BANKERS SEE EPOCHAL YEAR Contemplate Future With Confidence and Interest PMtadolpkia Market, 1 GLASS PREDICTS -- Financial Briefs SAME BIG PROBLEMS jChas. J. Webb & Co. Wool ' and Cotton Yarns llC Chestnut St., Philadelphia, Pa. C. JESNIG Precision Machinist 716 Sansom Street Philadelphia Hohlfeld Manufacturing Co. "Eclat Hammocks Couch Hammocks "Delfeld Quality" Turkish Towels and Bath Mats (Allegheny Ave.. Ninth and Tenth Sti., t Philadelphia. Pa. . N. Z. GRAVES . . Incorporated 22 and 1M South Third Street Philadelphia Tilt Uouse c( Fneclnlties to Faint at Varnishes 1,1 John J. Griffin & Co, Industry and Commerce Must Be Readjusted U. S. Has , Vital Duty lly JAMES Ii. FORGAN Chairman of tho Hoard of Directors of tho first National Uanlt of Chicago mo war Is over, peaco through victory has been achieved, the nightmare has been dispelled and now wo can return to our oidlnary pre-war avocations. Wo nro now tn the period of transition from u. stnto of war to conditions of peace, with tho problems of Industrial, commer cial nnd financial rcadjustment.confront Ingus. VJctory came sooner than was ex pected. It cuius Just w hen war activities In this country were assuming their Kreatcst momentum and when our in dustrial organization was Just begin ning to turn out war materials on a really largo scale. For thl3 reason, al though tho signing of tho nrmlstlco was hailed by nil with unbounded satisfac tion nnd rejoicing, It brought with It somewhat of n Jolt to business. Indus try nnd commerce bad gradually been directed and devoted to tho prlmo object of winning tno war, when suddenly they had to be dlcrted Into their regular pre war channels. (!oernmerlt contracts. Involving enormous sums, have been sud denly canceled, necessitating radical changes In tho business plans and cal culations of tho contractors, many of whom hao used their credit freely und hao tied up largo sums of money In their contracts. What theso contractors novo most to fenr Is long-drnwn-out negotiations with the Government for settlement of their claims. Prompt nnd cqultnblo settlement of such claims Is a prime essential in tho readjustment of business dislocated by war neces sities. Tho Government cannot do anything that will bo more helpful in bringing the business of tho country back to normal conditions than by co-operating In every way posslblo to bring about early, equit able and liberal settlements of claims based on cnnceled contracts. Wlillo tho war has cost this country l u very large sum of money and has in 1 creased the national debt enormously, . et owing to our wealth nnd virility and i to our Federal Keservo banning nystem, I which was Inaugurated Just at tho op t portuno time, wo have, como put of tho ordeal considerably expanded but not broken. Our banking facilities have been tested but by no means to their limit. "Wo aro stronger llnanclally than wo were when we entered tho war, with tho proipect ahead of unprecedented ' business activity and development. There Is, of course, In sight a period of eco I nomic, industrial and financial confusion, but wc nro In better shape economically, I Industrially nnd llnanclally than any other great country in the world. After such rapid expansion of credit as has taken placo during tho war represented by bnnk loans, bank deposits and by Federal Keservo notes In circulation, wc mutt naturally look for very consider able liquidation nnd contraction. With these, may bo expected, sooner of later, n. reduction In the high cost of matetlals, tho high cost of living and a corre sponding, readjustment of wages. VISION IS BROADENED 8 red winter, garlicky. S .30! No. 8 red. itty, 12.20: No. 4 rea. J2.30: No. 4, gar- y, tv.zn: no. ,,' nmuur, '"'l ',rf ni. u'. U'm 1513 Race Street Southwark Foundry & " Machine Company '' Manufacturers of Hydraulic and Power Tools S 400 WASHINGTON AVEKttE l'HUuXDISLPIlLl RAILROAD EARNINGS CUNTIUI. OF GEOrtOIA November cross , Dilanco after lax , Net operating Income llleven months' gross llalnnco alter tax . Net operating lncomu 51,7ln.OOI 318.(11(1 :ni.77i 1R,71)(.H48 ,n,48.i,flii", 1.41H.23U Tne iKM.usi 1711.707 178,241) 4,1113,213 73 301 474.77S 287,00(1 IWU.IIIII 4,4:1,1104 1.017,UHI 1.18.077 $112,482 70.0111 70,281 2..107.7HII JOT.TUl Garrett-Buchanan Co. Paper and Twine 18 and 20 South 6th St. '- DON'T WAIT TILL THE LAST MINUTE .BUY ELECTRICAL GIFTS ' NOW , WALKER & KEPLER 631 CHESTNUT ST., PHILA. Tnrposely Mad for Every Purpois" 'Mmmmm PAINTS & VARNISHES Once Used Always Preferred NEW TOItK, CHICAUO AND ST. LOUIS November gross 2,180.44r. 1780.288 iminnce aner tax i utur Net operating Income 437.HOH Klcien jnonthB' gross 20,irl.(2() llnlanco after lax . n,ini.5Hl Not operating Income 11,208,213 HOCK1NO VALLEY November gross . . Jl. 071, 0.14 I Ikilanco after lax 113,170 ! Net operating income 117.5311 Eleven months' gross 12.4no.U17 Net operating Income 2,701,6011 LOUISVILLE AND NASHVILLE November gross.., 18,187,71)1 1000,551 llalnnco after .taxes.. (147,877 1.5U3.SII7 Net oner income , (117, '.'on l,83(i,2iil I Eleven months' gross. 01,748,301 2t, 707, 380 i Balance after taxes . 17,200,584 1,7U8,J45 Net oper Incoma.. I8.34t.U23 3, 502. 007 NOUTIinrtN PACIFIC November Bros Jlo.028,583 12,103,18.1 i Hulnnce after taxes . :i,313,B(U 1,488,301) jwet oner income . 3.431.7ns 1,H3(),U48 i;ievn moiina- gross, n.r.K-ti.Bu n.usi.soi jjiuunce auer i&xes.. j.ia,,,-t Not oper. Income.. 25.347.ISS jcrtsnir cuntual November gross ... 13.704.180 Elaven months' gross. 41. 2.111, 782 Ualanco after taxes . 0,11(14,28.1 Net oper. Income.. (1, 701. '.'13 piTHinunuit and west vinaiNiA November gross,. , 141,0(18 , Eleven months' gloss 1.72.', 80.1 NEVt" YOitli CENTIIAI. I November gruss 128,014. 171 $7,000,007 llalance after taxes . 11,1133,01)1 11,4.10,2.14 ,et oner, income (i,m7,42(i 11,271. .1(10 How leading financiers of this city view the outlook for 1919 from their standpoints In given below. Many other we,ll-)cnown financiers would gladly have added their opinions, but they gavo ns their reasons for not expressing them at presont the disturbed conditions In the political world coupled with the uncertainty as to how the great pressing world 'problems aro going to work ouf Mllllam A. Law, president llrst Xn- tlonnl Ilnnht "American business men contemplnlo the future with confidence and with In tenso Interest. Tho difficulties of tho last few earB liavo strengthened their energies, have Increased their material resources nnd broadened their vision. They Btnnd ready to tackle coming problems with courago and tho certainty of success. "Let us not forget that we have prob ably pased tho era of 'our most radical legislation,', that there is more money In the hands of tho people than ever be fore, that most of our largo corporations and llrms nre much stionger flnanc-lulli than ever in their hlstorj. Toiwiseml Wheleii Jt Co., bunkers: "The outlook for tho coming jear, while dubious nnd surrounded with a great many impenetrable features, never theless on the whole presents nn en couraging nspect. Now, ns In fnct at all times, tho piospcrlty of nations ns well as Individuals hangs mainly on two factors, individual Inltlntlvo and wise leadership. In tho United b'tates vve may presume that individual Mnitiatlvo is present, nnd should tho guldanco of tho lenders of Industry nnd politics bo wlso tho outlook would seem to bo distlnctlv encouraging," Kdnnrd II. Smith A Co,, Hankers i "The outlook for 1919 should bo most encouraging to those whoso expectations aro Influenced by an interest in con- noumo aecuruies, uecause tins jear marlts tho turn or tho beginning of tho turn from conditions that have mado for low security prices to conditions that predicate stability, confidence nnd tho restoration of values. During tho jear actual peaco will probably bo con thmed and .policies for future Interna tional political and business Intercourse displayed; something In tho way of settlement of tho uncertainty now sur rounding American lallroads will un doubtedly bo determined Just tho same os tho methods of selling In foreign countries and receiving payment for what wo sell should be worked out. Itobert K. Cnksntt, Cnssalt Co., Hankers: "In speaking of the future, said In vestment conditions began to Improve a few months before tho armistice was signed. Prices reached their height tho day after tile signing took place. Since thnt tlmo there has been a gradual de cllno in prices of securities, but it now looks aa If another Improvement wus about to ensuo nnd that tho present good demand will oontlnuo nnd make Itself felt to n greater degrco ns busi ness conditions becomo established on tho peaco basis." Philadelphia Trust Company: "Tho year 1918 now ending hns been 111 ult ways an epochal ono. Now thnt the enthusiasm that goes along with the prospect of lighting to right n terrible wrong has passed its high point nnd a glorious victory achieved, the nation. In commence, win address itself to tho GRAIN AND FLOUR WHEAT necelpts, 1DR.0ST bushels The market ruled Arm Quotations were rar lots In export elevator, Government standard in apecuon, sianuara pricea jno, i rea '"" , J.80 No. 1 northern eprlng. 12.301 No. I hard winter. $2.3i No. 1 red winter. r llcky. $2.87i No. 1 red. smutty, 2.8l No. 'J red winter, 2.8(li No. 2 northern Prlni! 2.a: No. 3 hardw Inter. $2.30: No 2 red Wln(r nrtlbt. f AS. Mn 1 red. RMUltlt 12.33s No. 8 red' winter, J2.82: !o. 3 north ern spring, !2.82 No. a hard winter, t"-'i no, a : "tnutty llcky, 12.281 No. 4,' smutty, J2.27I garlicky, smutty, 12 20:. No. 0 red, no. r, garlicky, 2.:o: No. n, sniuiy no, B, garlicky smutty, 82.24, COHN The market was nominally Crm at the late advance. Thra were no re ceipts whatever today. Wo quota J"'0, In car lots for local trade, as tonualliy and location, at Jl.00OJ.7B per bushel, tha latter for choice, old . , OATH Receipts. 283,003 bushels. The mar f.et m quiet but firm under light offerings Quotations: Car lots as to locationNo. 2 white. 808(itic, standard white, 70J4W 80oi.No. 3 white 70W7l),e: No. i white, 77H to78c PLOUlt UecelPtH. 5.800,880 lbs In sacks. The market was dull and unsettled. Quotations: To arrive, per 100 pounds, In 140 pound lute sacks Winter, straight, 10 () 10.00, Kansas, straight. JlO.OOnf 70 75: do. patent, llo.Y.IOll: spring, patent. 110 75 10IM, do, first clear. J0.75W10 16. , HYB riJOl'll sold slowly at former rales We quote at 18.7500 per barrel, in sacks, as to quality. PROVISIONS Tho market ruled steady, with n fair Job bing demand. (Juotatlorrs: City beef, In set;, amoked and nlr-drled. 48o; Western beef. In sets, smoked. 48o: city boef, knuckles and tenders, smoked and air-urlod. 4Uc Western beef, knuckles and tenders, smokeii 40c, beef hams. 00c. Pork, family, MM r,5c: hams tf. P. cured, Inose. 37V4 8sc do. skinned loose, .1737,4c: do. do. emokid .1039Vs other hams, smoked cltv cured, aa to brand nnd average. 3i)V y sue hams, smoked, western cured. 80)4 V 40c: do. boiled boneless, 50. picnic shoul ders s, P. cured. loose SOlfcc; do smoked, aoUt. bellies In pickle loose. 31c: break fast bacon, city cured. 42ci breakfast bacon western currd 45c, Lard western, reflned 2H2k'ic. lard, puro city, kettle-rendered. .3, Thero hns hpen nlnrd nn tho recrtilar i Wl II l Is lll8t of "o Philadelphia Stock chnnge and Telegraph 0 per cent convertible noniis, ivia. xnete lias oeen stricuoii from the list $112,800 Welsbach Coin 'IV,iiir,it:n I,...:...l CI 1 I ',n" D l1?r ccnt bonds purchased for ItailSltlOn 1'eriOd bllOUld account of tho sinking fund Be Facet With Confidence and Hope, He Says In tho first twenty-three ilnvs of De cember payments on the fourth Liberty Loan throughout tho country wcie $483. ll!i,.Gl, making total pinients to that date $0 922,610,479. The loan Is about a., per c-nt pain, uituotigii accorumg to WATV? T"l7C.C!niV T 17 A HINT ir I ' th0 Treasury instalments only Bo per WYI 3 LiLOSUiM LJiAKiNJiUcent Is due Tbero leinalns to be paid I $1,000,430,521. CONTINUED STRENGTH IN OUTSIDE MARKET igornua Buying of Standard Oil Group at 10 to 12 Point Advances BUSINESS NOTES Economy and Thrift and Not Waste and Extravagance Urged by Secretary The Treasurj has Instructed the Fed eral Ileservo Hank to withdraw B0 per cent of tho bnlanco of December 19 Tiensury certificate deposits not Inter tbnn January 3. Tho amount Involved is $12,250,000. Vevv York, Dec 31 The fcaluio of Iho curb market todny was the continued strength of the Stund- Samuel K. Carter, ('. Creason Wlstar, ,t Jr., nnd J Morris Wlstar have formed ti il copartnership to ileal In bonds under" ' tho firm nnme of Wlstar, Carter & Co., I with offices in tho Commercial Trust Building. The new firm Succeeds and , will continue the business heretofore, ; carried on by Wlstar & Co Samuel K. I Carter and J. Morris Wlstar havo been i associated for a number of ears with I the Philadelphia office of William Head i & Co. Mr. Carter formerly was trcas- i urer of tha Philadelphia Trust Com- 1 pany, c Crenson Wlstar, Jr, formerlV h was the head of tho firm of Wlstar AS l Stokes, bankers. t nr,l Oil Issues, will. Iho market resnond-. ..''.' "'"" (onnnge of tie Limed Stales oieei corporation nn wall AN Inrlonondenf. Ing to vigorous buIHE of nil that group companies Is expected to show a decrease) ' nf storks with advances of 10 to SO '" '"cemner ouo to suspension or uov , or stocks wun advances or iv 10 -u ernment buying for war purposes nnd i n aovvnwaru reaujustment in the prico i schedule. First month of new year will tell whether or not consumers aro satis fied with the new schedule points Independent oil stocks wera also ac tive and strong, with Houston Oil ad vancing to 784 and Iloyal Dutch was tt tided in at 67 to 09. Oklahoma Pro . I Tho New York Hubtreasuiy gained New " ork. Dec 31. Tim V!v .(,, I S.lflR nan frnm tlin Imnk. t.,.nl.r,ln tnah- Post today quotes Cnitcr Glass S'ecie- I inBr. a cnah net Rnl" B'nco rrlllRy of 1 duclng was steadily accumulated, mov . , .. . . . .. $211,000. inur nn from 10's. 'v ,t . .. " r10"8' Little attention was paid to Keystone comlMnn. Ji Z1 lm npw. 5'rar under The stock llbtlng committee of tho Tire and thnt stock yielded from 4C, to conuuions of happiness and prosperlt Philadelphia Stock r xchango Iuih ml- 44 H. with tho only comment made being MS- REFINED SUGARS but values were well of 0c for fine grunu- Trade was quiet, sustained on a basl! lated DAIRY PRODUCTS I ( 1IRUSK Demand wis only moderate, but olterlnss were very light and the market I i-iitt.( alMH. riilntn, (,ia Vnv,' Vork. W hOlP mill;, fancy, fresh. :i737Wc speflals higher do, do, fair to good, fresh, .inM3JI4e do. Wisconsin, wholo-mllk. fanes, d7W37',4c. .In .,.. ,.il I. CTnn.1 fill St HllU. o ' ..u .....,,. ... ,...... u...,ula Tho grim business of war has ended for all time, it Is to bo hoped; tho cause of righteousness has clorlouslv trlmnnh. edj tho permanent peaco of Justice dawns upon tho world. ''As we stund upon tlio thieshold ot iviy, tito retrospect Is filled with pride milled to the unlisted department of lite , that It was on its way back to Its for rxcunnge vjorn jjxenaugo ."sntmnai unni l m(,r level full-paid subscriptions rcceiptH, Issued In connection with stock allotment au thorlzed December 17. Total cnirlng nsccts of th twelve I'eil- nnd the prospect Is filled with nromlae' pral Heserve Hanks Inci rased during the ra,nA.,M ..., .,. - .. . . uuu.ouu, Mr ii per icni vi imp i.ii B.it.vM .iiiu ,1 u cu ucuv nr Amnr im ,,,.) .iiu........H -,... , r. ...... ,-.. vvitliout shock or disturbance to the as ngalnst 63 7 per ccnt at tho eild of nnnuclal or biisluc'S strurtnrn. wiiiw.n, 1917: acceutances 13 1 ner cviit. as stress or stringency tho nation was ' ttfn'nst 25.8 per ccnt and United States! Aetna Pxploslves o.utt.iin xu 1 ,Vi l.t.lll, lt llfjullini. XV jJCI cent at tho closo of 1917. Tho war order Etocks were Wrlcht-ilartln selling at O'a to Submnilno Boat ut 10 to 10H and Aetna i:ploslvcs nt 5's to 6. North American Pulp sold nt 2b and 2,. llusslnn bonds showed a firmer tone, tho 6'js selling nt 52 and the G'as at 19 INDCHTltl.VLS A meeting of the stockholder of the president, managers nnd company for orectlng a bridge over the Dclawaro niver nt or near Trenton will be held nt the principal office of the company in Cnmden, on January 31, to take action upon a resolution of the hoard of man agers to dissolve tho corjxjratlon. Tha company Is a subsidiary of tho Pennsvl. heavy, vanla Itallroad Company 3's Atlantic Itefinlne Company has broken ground for a new refinery nt HrunHwlck, (la., which will handle the output of Port Lobos Company, of Mexico. transformed from a basis of peace to a oasis 01 vvur in n manner that permitted tho might of America to bo excited effectively and decisively against tho enemy "With the war won, tho Immediate, domestic problem is the rendluslment from a basis of war to a basis of pence. ' Share,, It will bo a natural and logknl pio- 10 Hldgwiu- Hotel Companj of Now cess tho letum lo normal conditions ! '""ci . par tton ... The transition will be accomplished Z- ' " TV,T,n,Ip.'i?.UrV, ""U cessiuiiy, provided we take counsel of 1 l3( Tenn-sea Hnllwaj, Light and SECURITIES AT AUCTION Tho following securities were sold at auction todaj by Darnes A. Loflaml STOCKS Hid r, 13 coniitience und Jopo and not ot fear nnd dlstruct "Tho wnr has dov cloned n. lnro-n mm,. .orbUThTe1',nmlVeT'o,rt,ermBg", STr'KciVrjr of Industries to a point never before nrmly held. The nuotntlons: Solid packed rrramerv, extras, owe, nigner scorins bvv, 70 072c this latter for lobbing sales. ej'r'1 nrsts (l7(l8c. firsts. 02Wiir,c, seconds. 075P UOc, fancy brands of prints Jobbing at 73(0' 76C' fair in gooo. uawyc. , ,. ' ,ilno- ,,r,ln,,tfl,. Iu ..;. .i .... I j;(jlis ino ncwiuiu egga ruieu ," -- ,-... j . .,wva, u iiiul under moderate offerings and a JJir is the expansion nud development of our pT ,!", lltlciui ,,i I130M 20 per oas I'tVUl t4 I Anihttrlt nnmtnrtfi 143 Terre Itaute. Indlannpolls and Kstern Traction Company, pre ferred ... .... o1. 141 Terre Haute Indlnnapnlls and f.natcrn Traction Compnuv rummnn !! 2 41-100 North Coast Power Com- pan preferred 4's 4 Southern Paclflr ItalUav Com- pmv par lion . ns 3 i Corn Exchange National Hank.. '336 3 Philadelphia National Hank, pnr 1100 341 5 West Philadelphia Title ond Trust Tho necessities of wat havo taught 800 The Hnek Island Company, ' 'pre- ferri'd. par 1100 . lot 5 reachcvl In our history, nnd many of I mem aro or a permanent diameter and should continue with Increased efficiency nnd capacltj. To accomplish this, one 4. 1124. 15.1 3.030,80tl $440,02.1 0,1101,757 1.8II3,IIH8 '2.08J.431 J7.000 238,012 demand. Quotations arc np follows: tree f0PPKr, trnttc cases, nearby firsts $10 80 per crate, , ''"n lrnuc n,rr.nl r.rullit. till l) DCr CBSO. Wester,' 'TIlO lieCCf extra firsts. 10 80 .per case: firsts 118 mi I tho aton iB8oni, of thrlf, nil . , IP 20 per case, interior low lower - nmv ,, ,,,., o - -.";, , 800 ISC BC-,C.,t-U ft.va.. i . ... ..w ......UU.VO IIIK..I !, HUllUieU ' ns nenellts of lasting value. Wo must not return to tho old habits of waste and exainvttgame ' "It is tho dut.v of all to begin the new year resoluto in tho purpose that wo shall do our duty, icgardloss of s.ic rlflco and regnrdless of convenience, nnd thnt wo shall show to tho world that we tiro giateful for the Impel Ishablo deeds of tho soldiers and sailors of America lobbing at 71073c per dozen POULTRY LHC I'lno deslrable-alied sto.k was well cleaned up nnd firm Quotations: Fowls, ac cording to slie and quality. 337c: spring ch ekens. according to quaiitv i" roosters 2l22o. ducks, 1'cKln. 3103(1; iX.iin tlnnner a(lfS32c. geese SO turkeys 334iic. guineas, young, per pair WtlKhlng l'sSrS !; apiece.. lt'j smaller sizes ,,o.,u, uU, .-, ?: air, ,011'SUC, piKCUiie. ,,nt. in, .'.... f 3HC do 34c: ir 35c.'do voung rer or Ir. 2130c. DRESSED Tur's were scarce and the market ruled stroig. with sales mostly In a Jobbing way considerably over quotations Other kinds of poultry ruled firm. .Quota tions: Turkcja, fancy, nearby, 4.1W4(lc: exceptional lots higher; .lo western, spring, fancy. 14M.1o: do. fair to good, SOW 13c. do Jomrnon R"35e. old toms 3H4i)c. old k.. nntTJAn rnwlt f rtti kllli il. UfV picko'd. "in boxfi. wHirhinu 4V4 IM. and over aniens. .Iftc. olnhinB 4. lbs. .nplece. 34e: Lii .1... iiffQtrt pgi.b pi invvm. tilllrtiicr ritroi sirs'- .; ili..s In b'als fancy, dry picked Selected, 3jHc; "-'' ucUhlnc 4Ji lbn. nnd over linir 4 lum apirui-. u.u: biii Old roontern. dry picked, inM. wHtern. drV Dlckcd welglitntv 44 lb. unfec. 37c uoieritnif i Um anpt. H: am all ulzep. 27 "De. Old rountern. dry nicked. U7c: roamlntr chlckeiiH. wftjtern, dry pteked, lb. auKTH. .Iitei welchlne 3Vii 111 tioxts weicninir i lli unlece. QlA-l'. .. ilfthlni 'Hi tfllfl 111 at finlofe). Alii) Zlc. Koahttnir chtcknD. western. In bbln. WrUhlnjc 4 Iba and over m!ec, 8c, weign- inir an IP" npieco, jic. urniunir. giiiviBt welnhlnK 1' 4P J Inn uileco. 41i44c Ducks i "rmiiiim 17, XFs, i" i4srW -i - a . '-'"-tiAarhu rnnnsr Lnr nv X(llflinii ln WtaiPrn, dn.nleked. Slf4lle Qeese. western, dry- Plckod Choice. 30tPS2c: fair to good. 27W 2l)e Unuabi, pr doxen White, weighing 11 '((12 lbs ner doien. HWH 2" while, weigh ing li10 Jbs. per dozen. J7fS7 50. while, weighing 8 lbs per dozen JllfCll.50. do, do, 7 lbs per rtoie,n. l4,.1()eT,: do. do. (IWIIH lbs. per dozen 3J4: dark. SI 50ii'J K). small and No, 2. $102 50 Guineas, souns, per pair. 73c8Il 2.1. old. no73c. FRESH FRUITS Choice stock met with fair nalo and values generally were stendlly held. The nun tattors Apples. New Vork per bhl King, I4..10O7, llaldwln 40n'.M, Northern Spy, JllwiWd. llubbanlston. 1 4f ( t . arccnliig. l MO 25. various varieties. S305 Apples. Pennsylvania and Vlrglnln. per bbl li,n Davis. I3.50W4 10. Ortno. 3 TiOiDSi Stayman Wlnessn. 1407 York Imperial, MtO 50. APPies, par r uusiiei- per uox, sn, lh Ilome lleauty. fancy, $77 50 Appl As-bushcl basket. 40c$l 2.1. do. per basket. Hit2 Apples, western, pe llloren Si Co., Hankers: "The closing events of tho present jear have made a sudden change nnd revision of our ideas as to tho future necessary, "Wo nro now, no doubt, entering Into a period of lessening Industrial activi ties nnd n steady declining tendency of commodity and raw material prices. How far this decllno will have to go before tho prices nro attractive enough tb start general buying remains to be seen. Wo know' tho present tendency is only from hand to mouth : how this con dition will nffect the security innrkat may be n matter of opinion, but cer tainly n slbvving up of industrial and commercial activity and decided lessen ing demand for money Whether this money will bo allowed to accumulate In our banks Is doubtful, ns tho Govcrn- (Iranefrult. per Porto Illco. per Cranberries Jersey, per tnalr nf rebuilding- that uhlrl, nmil,l ,,, i 2(13 23. Lemons, per box $2tp4 Oranges, insK oi rcou HQing tnat Wliicii lOUld not J.-0r(lll ptr crate. IS.fiOWT Tangerines i,.u uttviiiiuu uurmi. (no liouuiuun times which It has been passing. "Wo must scttlo dpwntoaBtock taking and then to a safe, sure, solid upbuild ing, and in all retaining nnd making solid our place among tho nations of the world, a proud place but with it all giv ing freely to tho resuscitation of those lands that havo been so cruelly'ravnged. 1919 should be a wonderful jear." VJorlda. per strop. S307 box. 2 nnft.1 I'lnciipple i-ruie, ,(i,uumiMii, uranucrnes jerepy. it. uusnci-ugx, .jjvu.i cio, uu. per uoi , iiiariOi Strawberries, riorldn, per ot . 50 if 75c. VEGETAULES Tha general market vtas quiet and b.irel) ieuuy, wun ininy iiocrai onerinj.' wuoin I he hock Ittinnd tomnam. t-om tnon. tiiir I Kill . l.nt !." - i ir Arxftocmnon or I'niiaacipiua. , pur mo a in 1 Hro Axnoclntlon ot 1'hlludelphla; pnr $rii ... . . OOJs i United das tind IIectrti I'orimro- tlon. nrnt preferred pnr tiou 4u4 50 rhllndelnhla Ilourne, preferred, par 523 20 10 American IMpo and CoiiHlruutlon I'ompanv par $100 . . 10 200 Philadelphia Veant ManufH lurlim Uomimny. par $1(m . .. ixit I5H 50 Phllndelphla Ycant Manufacturlurr CnmMitu . imr 11(MI l.nt 17"hu who ko prcscned to us our lnstitu- 230 I'h,ndelphla Yeai ; ManufacturlnT .',..,'..11. , ,..., ...m. ,,UL ,, 7, 50 I'hlladelphla Yeait llanufacturliw Conipnuv. par tin,) l,ft $72Va .10 Clear Springs 1 titer Companj. par 150 . .. Lot 123 50 Trl-Mtattf hlnmp Vending 'om lan pnr l.lii, 1 Unlta Cushlng Development Company Lot 55 10 Horn A. Hardart Automat Cnm pnn. Ill , preferred par lino .... Lot (50 5 Horn & Hardart A'ltnmnt Com panj, 111 , coiunon. par $110 . . Lot $25 Am-Brlt Mfg Am Marconi Amor Writing Paper Air Ilcductlou Canadian Car Co. . . 1 Can Car & Kdy ptef I Charcoal lion. Chevrolet Motors . Ciamii I cuitlsR Aeroplane. 1 1 'am en Tool . I Carbon hteel . i:merson Phonogiaph 1 Ilendee Mfg . . , , L.iko Torp limit . . 1 Lehigh I'oal Sales. . . Lima Ico Mnslm Munitions N Y hhlpbulldlng. I N Am Pnp Pulp ' rilla Pint(,r Peerless Motor .... Poole Kng Hcrlpps-Hooth ... Htnndaid Motors . . Steel Alloys itnhtmirlnu . . . St Joseph Lend 11 Vii Todd Shli)l)UlluinB..7.iuj Triangle Film H Pnlted Profit Hhuring U II S Steamshli t' Culled Motors 33 's World's Kllm . . U Wright-Martin Air . 3S HTANDAIII) Oil bnVRge Arms Corporation lias started to operate Its Sharon works on nn eight. Yes close hour- n dny schedule. It Is stated the Ask (sal) company has orders on Its books to run u' steadily for several montns. n 50 . 7 .145 TN II 4 ''," 10 llJ 81 30 .15 2U (12 17 ti 20 15 7U 10Vi 64 I, 4 Ml , CO " 33 85 8 163 83 13 S 101) 21, 55 148'4 1 Hilling that the consignment of Unor- ' I dered goods to customers may be an J unfair trade custom, the Federal trado J commission todny ordered tho Vacuum Oil Company of New York to cease tho ( ' practice r 88 :ic J 38 21 05 " 18 40 30 8j 8 10 12 V. 105 5 33 s 8Vj 10V, ' Penults for nildllloniil buildings estl- ) I muted to cost $2,252,000 have been I taken out by Wisconsin Steel Works I for its plant on Torrons avenue, Chi cago Copper mines burn curtailed produe- !. tion I'or the most part, big producers . are operating at 70 per cent of capacity. ,' This compares with between 80 and 85 per cent ut tho beginning of December, output figures for the last month will show decreases compared with Novem- ber and In nil probability returns for next few months will be under those re- ported for the corresponding period of 1018' . ;v NEXT YORK BUTTER AND EGGS i Illinois Ohio 1 Prairie J'lpo . . S O California. . i S O New .le.sey. S O New York. . .100 .328 .270 .274 . .700 . .J25 10.', 332 275 278 706 260 700 New iork. Dec 31. 11UTTEII Receipts. Rnpn tnlia Prenmerv httrhcr than extras. np.H (gillie creamery, extras (02 score). Ooo; firsts, OTi 'rni-Wc, packing stock, current innke No 2 41Wc . KOOH necelnts, 11137 esses. Vresh gath ered extras (I7nc fresh gathered, regu- lar packed, extra firsts, (3ftuilci do. firsts. (14c. btate Pennsjlvanla nnd n-rbv west- i em hennery whites, flno to fancy, 828."c: Htale Pennsylvania and nenrbv hennery ' whites, ordinary to prime. 7AR0ci Stato . rennsyivanta anu neariiy ncnnery orowns. I 70r72c. tin gatnerea Drowns ana colors, (13008c Ixed tlons of liberty nnd our sacred rights as a nation. ' U. S. JOINS IN BOMB INQUIRY NDKNT OIL STOCKS Dcnni'tincnt of Justice Seeks Per petrators' of Outrage Operatives of tho Department of Jus tice nio co-operating wun tno police In 110NDS a clty-wido search for the perpetratois. , .. . . of the bomb outrages They nro work- ' No''1' c""' l!r .V'TV,?", " ing on tne theory mat tlio bombing was an organized llolshevlki or I W. W outbreak, and, as thev have been watch ing tho nctlvltles of theso bodies foi some months und ate familiar with the movements of their lending spit lis, ui restB of suspects nre expected to follow It Is piobnble that frecret service men will bo culled into tho cnt.e. Captain Matthew Urlffln, in charge of tho Phila delphia headquarters, Is prepared to throw his untlro force Into tho chaso In the event thnt ho receives authority from Washington to ait Tho 3500 local membeiH of the Amer ican Protective Leaguo have also placed themselves at tho disposal of Acting Su perintendent Mills In the hope of assist ing iu the capture of tho nnnj-chlsts Acting Chief Frank Onsklll hns nsltcd Washington to allow tho organization to continue Its nctlvltloH ntfer February 1, tho date set for the bod) to disband, so that the lives of cltlrens may bo pro tected from future outiages .QUAKERTOWN LOSES IIEKO Wilmcr Laiulis Lae Down Life on Trench Ilstlleficlil Ounkertonii, Pa.. Dec 31 Wllmer t,l!!!"'J'Mxt 1";,,"A0n"-'n.naAter"n'ihu.fJjnW,ULandls, whose death In action In Franco Whlls Dotages' Nof'o" Ner bid "Is2".?' lias Just been rcpoited, was one Of the vvnue potatoes, norioii., per biii., la ;.a . :;",(,,. ,.inonu nf Onnkrrtnuii mi white potatoes Jersey, ket No. 1. HOtfOOa; lc -P CLYDE S. ADAMS ARCHITECT and ENGINEER 1509 Arch Htreet. TblladelpliU T.lcpbanesi Uace 145. Sorurs t!71 I I'.leven months' gross, 2(17. 30H, 4 1.1 17.nin.lli.' uumiivn niicr lacs.. -i.,.-i,,tt'i -n,li, -1,40 , Net oper Income . 4.1,4.11,11)7 J.OOU.OOJ I KALTIMOIUJ AND OHIO . November gross , $13,620,303 13.751,114 llalance after taxes. 237.(11(1 l "40,20.1 ii:lovVnmcnihs'g?o. I58.ii.vi.in- sihJoIssv ment ntlll has need of largo sums. I jjaiance alter axes n.Tini.ivii -lo.lisj.osil Net oper Income 7. UN. 283 14.480,023 SOUTIIIlitN PACIFIC November gross , $13,43(1,018 $1,038,501 llalance 'nfter tuxes . 2,H(iu,4H(i 713 :i4J r.et oper incoms .'.iiiHi.siii "iiuu,7ii irierican Dredging Co. River & Harbor Improvements 303 Chestnut Htreet Philadelphia Frailer & Co., bankers! "Business has apparently passed tnrouglt the crisis caused by a pass! ijfi,Vinonth.-. HWSKSM wTiBSUio ! ot a break In tho price of raw liulnncs after taxes . a.',oin,4iij H,7oa,8i'. I materials, so sudden and violent that Net oper income , a.'.U2S,005 7.iiht.43j t would have swamped tho average In NOUFOMv AND WRSTUKN dustrlal corpointlon, carrying large hlgh- l!?vninf?er?""a,e. 'I'okS'Shs 2' S V SoS I"'""1 Inventoried. When this nntural ""A'sHniVVneom.": WmlMt .di:B.1 readjustment has been quietly carried DIeven months' gross. 76,170,340 I4.ois.8uii out, we cannot seo anything to prevent .J'jjJu'SJ, j a long porlod of the greatest prosperity ' this -country has ever seen, lucres. s "The unscrambling of the railroad .XtHemlwtr Vross llalance after taxes . CHARLES PJfrin llalnnce after tuxes,.' 1(1,180,411 Net oper Income, lO.U.'B.ll.l OltEATI NOIlTHiatN ..$10,163,811 l.llTII.HIHI N'et oner. Income.. 1.0211.1)14 11 months' irrois... 00.H12.HI17 Iluluiire after tales. ll.Osa.Klt 10,789,227 ' ?,et oper. income . i.,saa,iinu -u,uhu,uj9 M18S0UHI PACIFIC November gross . . $8,249.83.1 $1.20S,886 ilalnm-e after taxes . 1,674,603 '115,334 Net oper. income 1 603 114 123,ttlS NKW YOIUv. NUVV HAVKN AND HAnT- Novimber pro $8,1130,781 -'''SI'?!!' omelet presents the greatest problem .zrAil .titnlnc Willi Street." 7H.n's 0,103,6)7 eleven months gross, Ii3,(lsil.0ill llnlnnrH nflee laves Net oper Income IMcrease. 11,704,27.1 8,308,040 $1,451,44(1 14,HII.,7H1 7.838,101 0,403,453 company . NEW LONG-TERM SECURITIES Shalllnj 010 Arch St., l'lillu., Pui Hinitrt : Pulltyi ; Beltlnu Q , II M I' SSI I lU SPANISH STEAMER "URKI0LA MENDr 1 FROM PHILADELPHIA CADIZ and BARCELONA Selling About January 5ti I'or Freight Space and Rutis Apply te Gailey, Davis & Co,, Agts. 316-320 Walnut Street PfULiUliihb Pluue Lmnbaril (UMI4.1 j a ' - ' ssusisl !'- .w.nsssisis ;ri iii J Goyeriimeiit l'luns Issue to Tuko Placo of Saving StuinpB IVasliliifton, Dec. 31. (13y A. P.) The Treasury plans to Issue long-term securities Into which war savings stamps nnd certificates may bo converted, and also to continue the war savings system Iu 1920 and succeeding years. This an nouncement was made today by Lewis IS. Franklin, director of war loan org anization for tho Treasury, . The Treasury now Is working on plans for issuing war saving certifi cates of $100 and .$1000 denominations to mnke It unnecessary for purchasers of such amounts; to buy adhesive stamps. Mm. Cecilia M. Rufelto Airs, pecllla M. Itafetto, wife of Louis Ilafotto, a coal operator, died today at her home, OUtar, Cheltenham, after a fow days' Illness of .pneumonia. Solemn reiiulcm imtsH wlll.be celebrated Thurs day morning, at 19 o'clock, at the Church of the Presentation, Cheltenham, The funurat services will, bo Private. MrL jtafMto Is nurylved by four daughters atA thr(?. eon, beside er )iusb.nd, facing Wull Street.' Itellly, Drock & Co., bankers t "After-the-war problems. Including readjustment of tho prices of labor and materials and all the uncertainties In cident to it change from a war to a, peace basis, make Investments In caro fully selected bonds more advisable than over bofore. The pi Ices 0f Investment securities should be benefited by cheaper money and It Is doubtful If Investors wilt have an opportunity, for very long to purchase United Mates Government obligation and other high crude securi ties, at present price? lovcls," Ualsey, Stuart & Co., banbrrst The winning of the war and tho np proachtng end of the Imperative, war financing undoubtedly will mean the re turn ot free capital to ordinary Invest ment channels. "We bellevo the demand for high grade securities during the year 1019 will bo the largest In the history of the country," Ilutcher, Bherrerd & llamtll, bankers I "With the victorious cessation of hos tilities, the return of war workers nnd our fighters to their normal business occupations and the control ot Congress by the Republicans, the good common sense nnd the big hearts of the great majority of- the American people vfllj bilnff us, probably beginning; with some tlmo In 18, Into the greatest period ot prosperUj this country has ovetr s8,k' ner 9t bushel bs 2. 60 none. Whits potatoes, Pennsvlvanla. No. 1, per 100 lbs , $2 6002.83 While potatoes, western, per 100 lbs. $202 25; do. New York, per 100 lbs., $2.1002 25 Nwcet potatoes, Jerse per basket .No 1 $1 001 76: Nn. 2. 85c 5LAT Sweet potatoes. Kastern Shore, per IftHT-Ko. 1, t4 60.150: No. 2, $J60U3 60. Sweet potatoes, Duluwarn and Maryland, bushel hampers No. 1. $2.23; No. 2.-$l 60 6$ 1.75. Cabbage, Danish soed, per ton, $1S025: domestic, per ton, $12t15. Onions yellow, per 100-pound bag No. 1, $1.25P 1.731 No. 2, BOWOOo. RUMANIAEXPANDSREALM Pncl of Lnion With Transylvania Accepted by King i'crtlinanil Iltichiirrst, Dec. 30 (By A P.) The mission of the Transylvania Govern ment, bent by tho National Assembly of llumanlan Transylvania to hand to King Ferdinand the pact of union with Ru mania, vi as lecelved In Bucharest with great ceremony by the Government and great acclaim uy mo popuuicc. King liniinunu, in accepting mo paw of union, said ho was obuylng tho will of the Rumanian peoplo In accepting the mandato to reign over tho region from the Dniester to the Thelss. Festivities were conducted hero to celebrate tho occasion. Tm,ilvanlu. which has formed the eistern territory of Hungary since 1888, will add about zs,700 square nines 10 ih. vinirdom nf lluiiianla. Ueforo tho war the population was 2,469,000, In which the JlumaniuiiB ouinumuercu mo Hungarians four to ono. The territory Is a rich one In products of fields, pas tures and mines. CO. UmJUOST 26 KILLED Chainucrflburg Unit of Guard Had 144 Wounded, 9 Missing Chainbersbiirg, Pa Deo, ill Com pany C, 112th Infantry, of this place, nccordlng to word from Its oltlcers, lost 26 killed, 144 wounded and & missing '"its'mam'battles wero In the fifth C,e(' man offensive, at the Ourcq, the VeBle and tho Meuie and nt Argonne and Thlaucourt. , . . . rJeierai ineniuerw ui mu vutiaj, ,w, -merly of tho Klghtli Pennsylvania Uuaril, came from Harrlsburg, best-known citizens ot Qunkcrtovvu and throughout tho North Penn. Ho was tho son of Mr. and Mrs Daniel Lnndls, of Near Quakertown. Ho was a grad uate of the CJuakertow'n High School. Perkiomen College, Pennsburg, nnd Princeton College Ho was a member nf the faculty of tho lluthlchcin High -ini)l at tho tlmo ho entered tho service per cent genernl lien, Income, nue 11,41 8 3.1 North Const Power Companj, scrip 11000 Consolidated Oas ComiMIll of Pittsburgh. 5 per cent, first mtfrtgngc, coupons Kehruar and August, due HUH, ccrtin i ale of deposit . 10000 Duuuesne 'I Taction Company .1 per cent, first mortgage, iou tiins January and Jul, due 11)30. iwelpts ... . 10000 Lulled Traction Company of IMttsburgh, .1 per cent, gen i ral mortgage. ,oupnns Jan uary and Jul, due 11)1)7. re (cipls 50UD Tort IMtt Traction Cnmpllo. 5 per cent, first mortgage cou pons Juno and December, dun lll.l.-i . ... 5000 Monungahela Mreet ltallwav Company, 5 per cent flrst mortgage coupons Juno ond December, due 102 5000 Second Avenue Traction Com 1 un Pittsburgh, .1 per rem cunsolldnlcd mnrtKagc. cou pons Juno nnd December due 111 11 100O Sunnslde Irrigation District of County of Washington Idaho (I per cent, first series rnu pons January and July duo 102!) 4U00 AJnx Consolidated Coal l om pany. (1 per cent, scrlte A (oupons January and Jul), duo 1U2S .... 5300 AJnx Consolidated Coal I'om pou. 11 per cont, series 11 , coupons January and Jul due 1U2 . ... 1 i.mii: 1 Harnett Oil & CJns . . iV I Cosden & Co O 111k Ilasln 5 Federal till ITs Inter Petrol 17 h. I HouBton Oil " I Mcrritt OH 22 I Midwest llcllulug. . . .126 I Met Petrol 2'i I Ohio Fuel 13 Oklahoma Her os 1 Hapulpa Uef CTs Meiiuoynh ,b ' Sinclair 22 '. MIXIXfi STOCKS I Atlantic C , H g Lodge 1 Dutto New York ft i Con Ariz 1 C F i' A: Jerome. . . Firm National l',s I (i 23 120 lVA 9?t l's 18 ',i 71! 22 3 ! 123 2?. 60 - o ' i Merger Goldfleld Cons .. .. p.orcnco .. Ulcldfleld Kewnnas . . (recti Monrtef Heclti Mining Howe Sound . . . Independence Lead . . Jeromo Vcrdo J'm Butler lumbo Extension . . . . McKlnle Dairagh .. Magma Copper Mother I'ode . . Mines Co of America. Nevada ll'lls . . . Nevada Wonder 1 Nlplssing . Ohio Copper Hay Herculps i San Toy , Stewnrt . Tonopnh Hxteuslon . . United Verdo . . . . West i:nd Con White Caps . . Ytrlngton . . . . . 10 U 4 JTs 7-10 34 12 4S 23 33-, 3i 3 Va 24 XA 9j 4 24 16 8 4i. 4 37 14 48 rt- 33 1 b' is t 9 ' 9 2 is 3C X. 10'j 41 I 34 14 23 35 3S. :A 10'j We deliver in West Philadel, phia, Wynnefield, Bala, Cynwyd, Overbrook, Meriv on, Wynnewood, " Fernwood, Llan erch, Highland Park and Drexel Hill and we carry in coal when necessary. 1IONIIS Bethlehem , (notes). .IOO'i Cosden OH 6s Warning Againd Cigarette Collcilion The hoine service section of tho Amer- Cosden & Co 0s lenn lied Cross today Issued it winning Cuduhv 6s against a man In a roldler't uniform Itusslnn Uov 5'.i who It Is said, wns cr Heeling money Itusslnn Uov CVjS for tlio ostensible purposo of buj Ing clgn- Southern Ilullwuy rettes for so Ulers Tne man used its sinciuir uu oh Cs, . 10 j 48 62 99 nninu without warrant Todd Shipbuilding Cs 106 100', 86 85 102 j 52 5b 99 lj 90 110 Trade Promotion Man Wanted A mall thoroughly experienced In the floor covering Held to talis charge of a Trade I'roniollon ana uemon. lrtlon ptpartmtnt recently, In- tailed by concern row munu l'hllsdslohla ciuring . ns- Ursa lac lUrcs.sn WlndAur Dlsnlavs and i' llelDB! be canabla of fflca work! alio to In tlonally advertised product that has enjoyed an established reputation throughout the United Stales for many years. Must understand prac tical methods .for tne guccsisiui ois trlbutlon pf other Dealsi supervising omca work: alio to In telllKfntly dlreet tho operations of nun in (he Held. .Must llktwlsu be prtpsred te travel when nuctssary, Excellent opportunity for a oung. wUeawak man nf action, lUply stating age, experience ana salary xixotil, Addriis a its. i.iaiaEK orricu. -. T , 111 jf VBHilgaV' bi. rCv. ctE"y vHgfll I 111 JLJ 2r U . . 'A 'r, ' ' ' " C KUNKEL 63d & Market 5 1 t & Gray' 1VU INSTAI.T, the ORIfll. NAL l'ATKNTKIl CALORIC I'U'ISI.KNH I'UIINACK In J0W home In H hours. 1. nWW SlIMII. SMM.M SNM A Ounrniitrrd Snylng of S.1 Conl lllll. Demnn.truted und Sold by c.M.oitic rriiNACK co. 15J1 LOCUST ST. CARPENTERS ALTKRATIOVH ItKP.MRS nuiLDINOS ACMK lONTRUCTION CO.. 0 So. Isth St. I'honesi Spruce 673 or llelmont S807-W FLOORS SIS' Renovating a Specialty ueasonapi rCmert Work- cFVKitAi. ri.nnniNn rn..u Phones' Spruce A73 or lielmo 'S. h 18 III RS. B86T W. Speclaltitr in Prompt litpair Strvlce. mgp v "JSP ,' ,3 u '
Significant historical Pennsylvania newspapers