EVENING PUBLIC LEDGEK PHILADELPHIA, FEIDAY, JANUARY 3, 1919 17 St New York Shipbuilding Corporation Camden, New Jcrscj The yard that launched tho Tuck, hoe In 27 days wants some Hood men for various departments. Do not apply If you are at pres ent working for any other shipyard. Seo reprorcntatlvn at V. S Em ployment Service, E21 Arch St.. alto 3d & Walnut Sts , Philadelphia : and Gth & Taylor Sts., Camden, N. J. William Etsweilcr & Co. ESTABLISHED 1834 SPECIAL BLACK" Manufacturer! Waterproof ft Steamproot Leather Belting Philadelphia, U. S. A. WATERPROOF Nagle Steel Company Steel Plates and Sheets Pottstown, Pa. Chas. J. Webb & Co. Wool and Cotton Yarns 116 Chestnut St., Philadelphia. Pa. FRANK A. HOPPE Manufacturer nf RIFI.K CI.KANIM1 COJirOVNUS Nitro Powder Solvent No. 2314 North Eighth Street l'JIILAIHSM'lllA Commonwealth Casualty Company I I'hltMlelnhia'H indent Cimiialty Company Unlit nn Clean Conrr lithe Competent UuftlnrfN MeMiodfl ACCItlKNt. IIKAI.TII. AVTnMOim.K. Ij, TIIAMS, I.IAIUI.ITY lXSlKAM'K ll A.V Ymtr Itmlcr fur Our lluteH or I'hone Lombard 3573 C. JESNIG I Precision Machinist 716 Sansom Street Philadelphia lohlfeld Manufacturing Co. "Eclat" Hammocks Couch Hammocks "Delfcld Quality" Turkish lowcls and Bath mats Allerlienj Ave.. Ninth and Tenth Stj., K Philadelphia. Pa. N. Z. GRAVES Incorporated 22 and -1 South Third Street Philadelphia, TO Home cf Rprrlallle In 1'alnlt sat Vanishes Southwark Foundry & Machine Company Manufacturers ot Hydraulic and Power Tools 400 WABIIINGTOj AVEK'DS PllLLADKU'UlA DON'T WAIT TILL THE LAST MINUTE BUY ELECTRICAL GIFTS NOW l) WALKfcK & NtfLtK 531 CHESTNUT ST., PH1LA. "Purpoacly Made for Every Purpose" PAINTS & VARNISHES Once Used Always Preferred CLYDE S. ADAMS AHCUITECT nnd ENGINEER 1500 Arch Street. Philadelphia, Ttlevkbucai Uhi 143. tSpruc (171 i.CHARLES yji3 wCOMPANY nn.aio .Urh m.. ridin.. vu. SriMtt : Hmiert : fbiisjs : nemms Lmerican Dredging .Co. Itlver & Harbor Improvements (08 Clientnut Street I'blladelphU hrthern Engineering Co., Inc. klS NOKTIl DELAWARE AVE. W lloth Phones ft lY flerlrlcsl.. eensult. " ,,'l;Pir' MMlrid InWlUtfom of, fA kinds. . """laW .'JV NEWENGLANDHAS MOMENTOUS YEAR Vicissitudes of War Period find Problems Brought by Armistice FUTURE UNDISTURBED Copyright, J9J, New York Evtnlxo Pan. Ine. Itnfttnn, Jan. 2. hlnptn.tr1iteen ylll always bo ncvounted n climacteric enr In .w Knglnnd affairs. Tho In dustries of this section aro highly di versified, nnd tar hnt a prnhlrv Ihev. had been developed with the supposition inai wnr, to far as this country was concerned, had become nn anachronism, a negligible factor. This fact must be kept In mind In order properly to estl- i mato the success wlih whip!, th nh. I normal events of the last twelve months I answered, but the people of New l-ng- , the first half of 1914 the feeling un havo been met and overcome. I land have no appearance of being worse 'questionably existed that the productive tt i.i u- .... -. .... .... .. f.rm . "'A very blnnlnB of the European oiiuum iji- hh in ii r inn niu spi i nn t r mere naa ueen n strong reeling in New Kngland that sooner or later this country was bound to bo Involved In the conflict. Tho nature of the German eruption In August, 1DH. wns clearly perceived by many of our financial otherwise would have been spent non minds, and It may bo said that not a ' essentially has been saved and Rested few leaders of New Kneland finance i u-nm.i i,. i i.j .- .... 1...1 been clad If we had i shouldered our part of the burden at the start rather than at the finish. Instead of so doing1, wo rettled down to tho task of providing Kurope with food nnd munitions on a scale that made us hold our breath. In short, we gavo a meaning to Doctor Johnson's phrase "wealth beyond the dreams of avarice" that would have astonished the great lexicographer. The result was that the beginning of tho year 1917 found this section of the country In n mood of un bounded optimism. A Year's Change A quiet different feeling' was preva lent on January 1, 1918, which our stock market quotations adequately re flected. Wo were then a party to tho war and had already beifun to par ticipate in Its hardships. The cost of llvlnr; hnd mounted to an Inconvenient level ; our fields and factories were rap Idly being denuded of their operating forces: our food was being measurably restricted; the coal for our mills, houses, gas and electric plants wns growing scarce in quantity nnd abnormally high In price ; price fixing on a great num ber of essential products was staring us In the. face, to say nothing of prohlbl- GIRARD TRUST CO. December ASSETS Loans & Investments $51 .035.429. 1 6 Customers' Liability for Acceptances. 162,499.99 Real Estate 3,363.753.94 Cash Reserve and C. H. Exchanges. . . 5,382,945.63 Due from Banks 2.953.584.5 1 62898,213.23 LIABILITIES Capital $ 2,500,000.00 Surplus 7.500.000.00 Undivided Profits 1.365.412.20 Dividends Set Aside for Payment, 1-2-19 225.054.00 Drafts and Bills Accepted 1 62.499.99 Bills Payable and Rediscounts Federal Reserve Bank Secured by U S. Bonds 1 1.379.520.00 Deposits 39.765.727.04 $62,898,213.23 Trust Funds $221,544,948.63 Corporate Trusts $1,142,668,698.45 E. B. MORRIS. G. H. STUART, 3rd, President . Treasurer STATEMENT OF GUARANTEE TRUST & SAFE DEPOSIT COMPANY 316, 318, 320 CHESTNUT ST., PHILADELPHIA, PENNA. UPTOWN OFFICE, 1422 SOUTH PENN SQUARE West Philadelphia Office, 9 South 52nd Street STATEMENT AT CLOSE OF BUSINESS, DEC. 31, 1918 ASSETS Cash on hand and de posited with Banks ;,l R.inknrs $1,062,731.05 Municipal Bonds 195,000.00 Cal Loans upon 01- ,, lntornl 2,346,482.01 Time Loans Upon Col lateral lflVJ,VDl.Oi Time Notes and Ac ceptances 7,770.00 Stocks, Bonds and Mort- CrlITCS UuOUlo9ul Real Estate. 31G, 318, 320 Chestnut Street. . 373,000.00 Vaults and Equipment, 100,000.00 Other Real Estate 74,134.07 Miscellaneous Assets.. 27,087.85 $9,586,295.43 SAMUKL F IIOITSTOy. Trenldent Trust Funds and Investments which are kept entirely separate and apart from the assets of the Company ($19,405,291.95). REPORT OF CONDITION OF THE Drovers and Merchants Bank at the close of business December 31, 1918. RESOURCES Cash on Hand and in Bank BU.tjBB.utj Stocks and Bonds. 127,013.25 Loans & Discounts Furniture and Fix tures U. S. Certificates of Indebtedness .... Balance, Subscrip tions Liberty Bonds 788,643.39 2,262.45 90,000.00 48,881.75 $1,339,488.90 SAMUEL GRAHAM, Jr., President. FRANK P. CLARK, First Vice President CHARLES W. HALDEMAN, Second Vice President ERNEST R. PATTON, Cashier. ; , EUGENE,,!, BYRNE, .Asst. Cashier.. tlon In the case of Innumerable nones sential but customary commodities and services; taxes had already been In creased, but not nt all to tho extent thnt seemed Inevitable. Two huge Issues of war bonds had been nbsorbed, with others In sight, and to take caro of these prlvnto expenditures had to be curtailed as never before In a half century that Is, In periods of great Industrial activi ty, for, of course, exception must bo matlo In the case of the years follow-ttiR- the panics of 1873 nnd 1853. Fur thermore, 1918 began with the Govern ment taking over tho control of thu railroads of tho country, nnd no one could hardly perceive the consequences In a word, the change between Janu ary 1, 1517, and January 1. 1918. was n change from n condition of unlimited private Initiative, characterized by nb M,ni r.i-nfl for both canltal nnd labor, to a condition of Government control of Industry nccomiinnleil by a likelihood itio rtnvernment would nbsorb a phe nomenal part of the profits. It waa In every one's mouth that In order to do our part In tho war we must "sacrifice until It hurts." A n matter of fact, no one has un- ,irn nnv t?rent h.irdshln during the i last twelve months. A great many puz-. .tino. nnoailnnn have had to bo met nnd nff il.ar. th-v were a yenr ano. eiiner v it"i ---- - PhysleaV or ."nanclaljy. They .have ad- Justed themselves easily to prescribed diets and seem to have flourished on ih.m Vor has the year been a hard one on the pocketbooks of the pcoplo as a whole. A great amount or money mai m uovernmem sccuruien, ... B ... te.mt who have so empioyca u nre rlchcr, whatever may bo tho effect on the whole people In tho matter of In terest payments and the repayment of the principal, questions which we have relegated to the future and which have not dliturbcd us very much during 1918. A Ktendy Market So far ns the effect of the 1918 sltua tlon on Investments nnd speculation la concerned, the past year has been pro ductive of no gieat harm. Pecember, 1917, saw quotations ns a rule mice- ; rlally below thoso of January, lli. Tho year jusi ciosou nus. un ui uri hand been ono of relative price sta bility. How much this m.y, bo nt tilbuttd' to Government Intervention In finance nnd Industry It Is impos'slblo to conjecture, thou sit there le a strong feel ing that It has played n dominating part. Though the bunks, which arc now under Government dictation ns they rever before were, have not been In the lenst disposed to finance a broad spec ulative movement, they have been ever on the alert to diminish tho chances of n retrograde movement. In other words, the money situation has been handled with great circumspection nnd skill In its relation both to tho Investment nnd 31. 1918. LIABILITIES Capital Stock $1,000,000.00 Surplus 400,000.00 Undivided Profits 119,853.61 Reserve to Cover De preciation in Securi ties 125,000.00 Deposits 7,469,644.01 Deposits, U. S. Govern ment 105,000.00 Individuals Liberty Loans rcdiscounted. . 335,000.00 Miscellaneous tics Liabili- 31,797.81 $9,586,295.43 nOWARD E. YOUNG. Treusorer LIABILITIES Capital Stock 200,000.00 Surplus Fund 45,000.00 Undivided Profits .. 4,808.08 Bills Payable 80,000.00 Deposits . . 1,009,680.82 $1,339,488.90 speculative situation and to the needs of the mercantile community, While the Government has not avow edly protected the stock market, Its need of securing abnormal amounts of funds from the Investing public has placed It under the necessity of Using Its Influ ence potently In thnt direction. The co operation of the public was easily se cured. Public spirit has led every one habltunted to stock market transac tions to abstain from measures calcu lated to exclto the market. The with drawal from speculation of tho large sums nbsorbed by the war loans and'tho Increased taxes had Infinitely less ef fect that could' have been expected. The admirable co-operation of the Gov ernment the bnnks and the general pub lic has kept the Investment and specu lative situation on a fairly even keel, which was the one thing desired by everybody. When tho general business situation Just prior to the outbreak of the war In 19U Is considered, New Kngland In dustriv alone with that of tho rest of the country, has a right to congratulate Itself on what has been accomnllshed. In cicimeiiy oi me nation was. ir nnyimng. somewhat In excess of Immediate needs, - Any concern that may have been felt on this score has been nlaced In nbevanco during the last four years, and particu larly during- the twelve months ended November 11, 1918. Not all Industries have profited alike thoso of the nones sential class have had little to rejoice over but so many of tho great Indus tries that have given New Kngland Its stnmp have worked overtime that tho community ns a whole has obtained nn exceptionally high return from Its nctlvl- nes, and this In tho face of embargoes, coal scarcity, firm money, war loans and high tnxes. (loternment and the Individual The general business situation In 1319 is not an easy thing to predict, but the outlook seems likely to clear In the not remote future. During 1918 tho Gov ernment has been tho dominating Inllu- ence In our manufacturing situation, transforming It to suit its own pur poses. However much the Government may delay stating Its Intensions regard ing1 tho railroads. It has apparently no Intention of exercising control of mills nnd factories a moment longer than Is necossary. It has canceled orders right and left since the signing of the armi stice, and the effect on tho manufactur ing Industry may be Imagined. Great quantities of raw materials havo been accumulated by the mills to take care of Government orders; ns the Government now finds that it does not want the goods, how are those stocks of raw ma terial to bo liquidated? Obviously, care must be exercised In this process, nnd the Government must deem Itself obli gated to render all the nsslstancn In Its power. And It must be carvful how It liquidates Inrge stocks of material which It has acquired posscfslon of lit the, past for war purposes, but for which It I will have no use In the future. This wholo situation, ulillc vexing, Is ono which need occnslon no real trouble, If properly handled. The most that seems necessnry Is that every ono should bear continually In mind thnt It will require as much co-opcratlon, as much mobilization of materials nnd ef fort, to get back effectively from war to peace as to get from peace to war. Tho iirmlsllco did not bring our per plexities to an end; it merely changed their clisructer. Of that fact at least the country has gained a clearer knowl edge since November 11. In this connection the question of our foreign trade Is of Brent Importance. If we become purveyor to the world to the extent that snmo have hoped, some of tho most troublesomo of our domestic problems will doubtless bo materially modified. It Is, for example, on n great enlargement of our foreign trndo that those who nro predicting a continuance of the present wage scale, to say nothing of n further advance In wages, placo ! most of their hope. j An attempt has been made to plc turo the hopes and fears of this com 'munlty regarding 1919, but it should ibe added In conclusion that the really fundamental feeling Is that of hope. The wnr Is over, and all minds are buoyant In consequence; our great natural resources nro unimpaired ; money, though firm, la In sulllclint supply to meet the legitimate Indus trial demands of the nation ; for s-ome years to come tho rest of tho world will have greater need of our raw matetluls than ever before, nnd pos sibly of our manufactured products; wo aro acquiring n great merchant marine, nnd our shipping Interests havo the hope that by careful management they will bo able to opernte It In sharp competition with the merchant marines of tho Old World. Hrletly. If this nation does not Improve Its position materially In 1319, It will, It Is felt, bo Its own fault. Liverpool Cotton Tdvernoof, Jan. 3. Spot cotton was quiet today with prices easy on the basis or a uecune oi 10 points lor mid dling, old contrnct. nt 21.41d. Sales wero 500 bales. Receipts were 15,000 hales, Including 9800 bales Amerlcnn. Futures wero narely steady in tne early dealings. Spot prices were: American, middling fair. 22.72d; good middling, 22. Old; middling 21.41d; low middling, 20.3Cd; good ordinary, 18.8d and ordi nary, 18.31(1. Decrease in Flour Production Minneapolis, Jan. 3. Tho Minneapolis mills flour production last week de creased 109,385 barrels. The mills made, during the week ending December 28, 235.785 barrels, against 271,270 barrels In 1917. Holiday dullness prevails. Motormen and Conductors Wanted GOOD, HEALTHY EMPLOYMENT Permanent Positions the Year 'Round : Rain or Shine NOT TEMPORARY JOBS Apply between 9 A. M. and 12 Noon at Car Barn, 14th Street and Edgmont Avenue, Chester, Pa-, or U. S. Employment Service, at Chester, Pa. SOUTHERN PENNSYLVANIA TRACTION COMPANY GOSSIP OF THE STREET FINANCIAL MEN DISCUSS MARKET Hankers Here Find Interest in New York Traction Situa tion Other Items Mnny familiar figures In the financial district were nbsent yesterday for n va riety of reasons, but the principal ono ndvnnced would lead to tho belief thnt tho "flu" has broken out again In this city nnd suburbs. The principal subject spoken of In banks and brokers' offices was the trac tion situation in New York nnd Brook lyn. The nnnouncement thnt Ttuodoro 1. Shonts, president of the Interboro Itapld Transit Company, uperntlng the subway nnd elevated lines In the bor oughs of Manhattan nnd the Bronx, had addressed a letter to the New York municipal government atntlng tho grnntlng of nn eight-cent fare Is Im perative If the company Is to nvold bankruptcy, following the nppolntment of a receiver for the Brooklyn Itapld Transit, seemed to net ns a wet blanket over everything financial. Few could be found to tako much In terest In Judge Itobert S, Lovett's dec laration that tho necessity for exclusive national control of the railroads as op posed to State regulation. It was con sidered too obvious for discussion, nnd the only debatable question Is whether that control shall be through Govern ment ownership or by exclusive Kederal regulation of private ownership. Ono banker, whose opinion was asked on tho matter, said he had nn douhttnnn, that the commlttse of railroad executives who are to meet hero In the llcllcvue-' ti,0 company, whose cnpltnl and sur Stratford on Sunday next, villi havo a. ,,U3 nre $B, 000 000, will devote Its rc satlsfactory solution of the dllllculty, at1 Bources and energies to tho develop least he hoped they would. He said ! nicnt nnd maintenance of a stable and he wns not nlarmed by the $160,000,000 I open discount market. aencit in the Government operation of the roads during the v.ar period, and to' assume that similar results would obtain during a pence period of equal duration would bo unjust nnd unreasonable. Asked If ,q wns In favor of Judge Lovett's r'nti of competition between the largo systems, he said It had certainly kept the systems up to a high state of efllclency when It li-ns permitted, and he belloved It was necessary for that pur pose. It Is said It Is the Intention of the Association of Railroad Executives not to make public Its plan for the return of tho railroads to private operation un til after It Is presented to the Interstate Commerce Commltteo of Congress. It Is gnera!ly believed, however, It will suggest a Government control modeled 1 on an organization similar to tho Fed eral Ileserve system. I "I don't know whether It Is the ' weather, or the condition ot the security I marKet or tno depression over the ap pointment of a receiver for the Brooklyn I uapin Transit system or nil three com-1 mned, but almost every one I havo spoken to todny seems to have a grouch or is feeling blue about something which ho cannot diagnose himself," was thu remark of n downtown banker yester day morning. "And," he continued, "there Is renllv no good reason for such n feeling on this first business day of the New Year ' 1919. "Any ono who expects affairs to right I themselves, or be righted all at once ' after tho most stupendous and costly war In all human hjstory is not reason able," he continued. "It must be recognized," he said, "that we are In the midst of a 'period of In- I dustrlnl and financial confusion, but tho United States Is In better shape finan cially. Industrially and economically than any of tho other belligerent coun tries It Is true ue linvo added cry largely to our nntlonal debt, but no other nation Is more capable of meeting such a situation. The Federal Ileserve system has proved equal to tho unprece dented expansion of credit wlilrh has recently been Imposed upon It, but we must now look forward to n period of contraction accompanied by a material reduction In tho high cost of living, 11 reduction In the prices of materials and a. lowering of wages." Another hanker speaking on future conditions yesterdny said that the most Important thing which will contribute to tho prosperity of the United StntcH in 1319 is the Improved outlook for T.J. ' ", ".".v." ..' .'..', '" "" . ' r-rnrds nf 1914 and 191K. nml nll,r crops are expected to be In proportion. Good crops In any country nre the basis of general prosperity In all other lines, he said, and world conditions nre such thai iinnreeedented tirlren nnrl hrninl markets will be found for all that can be raised. A distinctly better tone to the bond market was In evidence yesterdny and a more hopeful feeling over the outlook was entertained. It being nssumed thnt all voluntary losses were taken prior to JEWISH The Jews are reputed to care for their own poor. Have you done your share? Do You Help Care for the Sick, the Poor, the Orphan, the Helpless ? The 100 Federation of Jewish Charities will be the greatest step forward ever taken by Philadelphia Jewry. To do this $750,000 must be raised January 6-15. Will You Do Your Share? CAMPAIGN COMMITTEE FEDERATION OF JEWISH CHARITIES OF PHILA. Colonel Samuel u HEADQUARTERS; 13J2 WALNUT STREET December 21, and there will now develop a buying movement of securities which should broaden from month to month this year, The most prominent bondmen. of tho Street say they look for one of the largest yenrs on record during 1919 nnd predict that tho volume of business will estnbllsh a new high total for se curltles of this character. Liberty Loan bonds were In greater favor although a substantia amount changed hands. Thero are many who hold their bonds presumably for tho purpose of registering losses against Income tax reports who doubtless will buy back nt least a part of the bonds so liquidated, particularly as the Liberties are now selling on a bnsls of Interest return which renders them n highly nttrnctlvo Investment. Foreign Government bonds were firm, with a fair volume changing- hands and fractional gains being recorded In quota tions. These Issues, particularly the ones with nearby maturities nre populnr , with the public, and this has accounted! for the firm tone shown In them for several weeks. 1 V.M- York traction Issues were affected by tho receivership ot tho . H. T.. but it is understood that at tho lower levels recorded there was some ery good buy ing of the Intcrborough securities. It Is thought that tho terlousnesa 01 "'J- situation, wiucn nas iw "Y".' . . .1 1 forth by tho u. it. 'i.. i""llu . "" bring nbout speedy remedial measures for tho remamuer 01 me ii.u" ,..i ertles. Therefore, mnny purchases of lnterborough securities were based on this assumption, Another milestone marking the en- I trance of America Into the fields of , ,orld finance wns taken ycs'eru.iy wnen the Discount Corporation ot New York opened Its doors for business at 52 will. street. u ., ,)UrcllllS0 d dlbtrlbute bills P,;itinc in forelmi nnd domestic originating trade. The directorate of the company Includes tho foremost financiers ot the country. Among the reasons given for the creation of the company itro the fol lowing: Since one-third of the minted gold ot the world has passed Into tho finan cial channels of the United States, since we havo become so markedly a creditor nation, Blncc on our ability to produce a surplus beyond our own needs and to maku that surplus available to other nations depends. In n large measure, their welfare and our own prosperity. It Is a publio need of no small Impor tance that we create powerful machinery to these ends. Tin. .-ibllltv of tho Discount Corpora tion of New York to tako a prominent I part In furthering the International I commerce to which America seems destined Is evidenced by Its directorate, the prominence of the financial Institu tions represented on Its board and the fur-renching nfllllatlons so secured. SHORTAGE OF DRIED FRUIT ON THE MARKET Small Shipments of California Prunes Arrive, but No Oregon Peaches The new year has opened with a gen eral scarcity of dTled fruits throughout tho country, particularly noticeable In tho eastern market. Shipments of Cali fornia prunes have arrived In Bmall quantities, but not of sufllclent Im portance to make a. distinct record of them. A few Oregon prunes are here and a few raisins, but there aro virtually no peaches. Apricots nro In moderate supply, but are selling slowly because of the high prices. Tho principal Items on tho dried fruit list namely, peaches, prunes and raisins nil suffered dam age from rain, which complicated mat ters very seriously. As to prunes, tho damage was so se- ero tliat nuer coo government nan taken Its quota thero was virtually notli l"S left for the trndo CXCCpt biles SO small that In ordinary years they were passed by entirely. The Government finally released some of the sizes from &0s to 70s: but even these would not go very far toward supplying the wants of ' th! trlld'' Shipments have been made of these additional prunes, but havo not yet got nere. Thero la n demand for everything that can uo mi niBiit-u cAtcin uiut, un jire i .IkiiiiIii nrit rwl1 liter It nrlod nf nnt-lint ' ... inlnki1 ,.uMn l.r. n ! which aro unlicensed, havo checked tho lUUOI7 ll'l , lltPIM I'llVVtl U IIMI ILUlil. , demand. CHARITY ! D. Lit, Chairman rREET I' uTnT Do You jiwish cwra IwHjLPHigl v,oniriDuie C) One, kW Some, WW or All . W j Jewish Cz! Charities? CJQ07. FEDtmnS!! BROAD SILK WILL GET SPRING CALL Mill Men Prepare to In crease Their Output to Meet Demand PRICES HOLDING tf-t Tf I J. AlllfJ. Throughout the broad silk trade con fidence Is expressed for an early open ing of nctlvo buying of silk fabrics for tho spring of 1919. Preparations nre being made to meet this anticipated de mand, which Is exnected to romo hv the middle of this month. During the clos-1 ng dns of 1918 there was llttls buying at wholesale and this quietness con-1 tlnued yesterday. The trade has not re- covered from the holiday senson, while Inventories linvo not been completed by most tlrms. Wholesalers believe that It will he hut a short time before retailers will come Into tlii mnrkot. The outlook for the re tall silk trade during the early months' or " J'"r Is good, and as this branch of trade had a satisfactory holiday sea-1 Eon ,h(ly aro ,ookoi, upon to come ln, tho wholesale market for fabrics for the coming spring t-cason. Stocks In re tailers' hands have felt the effects of the active buying during December and It Is reasonable In expect that stocks will bo replaced to meet the large call "hlch will undoubtedly come. j-fiiK manufacturers nave laid plans for tne enlargement of their plants unci It Is said that the American silk end Is to be pushed forwnrd to maximum pro duction. Looms aro expected to be busily engaged more than they have In the past. Wearing apparel 'manufac turers are expected to come Into the wholesale markets for large quantities of silk fabrics. Sport effects are likely to come back stronger during the com ing spring than ever, according to fnc tors In the trade, now that the war Is over nnd there Is a tendency to draw away from conservatism rather than towards It. Manufacturers of ready-to-wear ap parel nro preparing lines for next spring, nmong which arc sports models. While there Is uncertainty ns to how they will take. It Is believed that they will receive the usual attention. Trices on silk fabrics are reported as holding (lrm. As somn silks may bo In short supply for delivery this month nnd Feb ruary. It Is believed that prices will remain firm or firmer. H. I Gwalther & Co.. 95 Madison avenue, New York, mnko this re port on the raw silk market: "Tho local raw Bilk market Is quiet, reflecting tho usunl holiday conditions, but prices are steady nnd unchangeo from last week's quotations. The mills aro now generally encaged In stocB- taklng and It is expected that Inven tories In the Bilk Industry this year will bo of a highly satisfactory character. Renewed activity In the raw silk market ts confidently looked forward to early In tho new year, supplies on hand at tho mills running low almost everywhere, and with stocks In Importers' hands smaller than usunl, values are likely to bo malntnlned on a firm basis In the near future. "AcUlces from Kurope report the Milan market very quiet, with transactions con fined almost exclusively to Government purchases. Tho Lyons market la quiet, but Is beginning to show signs of re turning confidence. The Yokohama mar ket Is firm nnd canies dated uecemner 30 give the day's transactions as 1100 bales on tho basis ot 15'JO yen for Sin- COAL We Are Underwriting a Bmall Stork Incur of Pennsylvania & W. Virginia Coal Company anil The Central Pennsylvania Coal Company Theso properties have been operating; at a large profit, production is being Increased. We are offering this Issiio In small blocks nt an attractive price, subject to prior sale. Safe, conservative Investment; assurance of large dividends, backed by 50n acres of best steam coal on tho market. Write us for (Jovernmcnt analysis of Somerset Co, Coal. BIDDLE & COMPANY 903-4-5-6 Mutual Life Bids. 1011 CHESTNUT STREET, PHILADELPHIA, PA. Walnut. :333-S354. Hare, 1107-U08 i K Id . v V"1 j fSr ifflJ? n . i JlrEU-Wo WW U JR flLt ill 2 IkHikl I l-l JsKPt e I'll s HILL 5Sf lil f S MTMSV JANUARY - Ml " I 1 - Si & S! I .5 I i -: an i Si fl The next issue of the Bell Telephone Direc tory goes to press JANUARY 10 1919 The Bell Telephone Company of Pennsylvania Ul. Va 1 UnMera nf v1lnw tlk illk.W particular nre nported very firm, t " supply of these sorts being small, 7I'f Bourse Is closed during nl of this we, J but n bulllMi reeling was very evincm jtj befrre the closing, wnisn manes nigner 7,, prices prmmiHe un inn reujviiiiiK ui "-c day next. The last quotations reported 4 wero HBO yen for December delivery, M 3 well as for forwatd contracts up oj Ap.Ml, Inclusive. - ' rl,n rVinfnn nmrkftl Ih rilllet. with ; prices a trifle rnsler on the best grades, while lower sorts aro holding steady, ! Thero Is a small demand for Lyons nc- j. count, but American buying Is not In 4 evidence. The Hhanghnl market Is nrm and uncharged A moderate business for? Kurope Is reported in steam filatures and Taatlee silks. Tussahs are neglected, buyers b?tng unwilling to grant tho seller's demands." ' INF Mo"' rrnnnmlrst. healthful. " fc itlfnctofy for old or new t HARDWOOD h()U,, old floors. L O O R S rennlnhed. (I. OSTKNDOKF. SfiSS S. nrond St. s n tlrRtm Til. Metal Weather Strip f Mineral Flooring Utracllvo In appearance, sani tary, durable, fire, vermin and lamp proof, elastic to thd tread and almot noiseless. It Is the Ideal flooring for kitchen, bath, tore, cafe, restaurant, storehouse, hni-plt.il or factory. Kasy to clean, ns baseboard and floor aro one continuous line. Economical to Install. Write for full particulars and prices. Phila. Mineral Flooring Co. 5632 Summer St. ; i? Hi WEST BRANCH Y. M. C. A. Learn Mechanical Drawing and go into structural or architectural work. There is? a demand for trained men and women in those lines. Evening courses under expe rienced instructors. An oppor tunity for men just returned from the Service. Write, phone or seo THE DIRECTOR 52d and Sansom Streets - .s' :, n'MvL, im .Tetter Si-S;g vlC MRBmVt M--WS jH a. ; ll K . t: 5 3 it1, u si Kit "1 i, s(, i.t. nt-. V ii n n ", rrj I -"5 t I im ; 8 t ,.-. A' ' MWItals m www ; ,uimmw pr hi ij- i r IM ur ,j; ; .-a. mm ,' J ..,.,., .. ml .a prwurini,-. , e V, M T' dk&vd,M .-b i . . yvvj . ,t j ilJflMM liMJiaMi" im Vr7iMWl -V., ,.! . " . 4 n P.i,i ri. ti i iiv rtintfcMHir r-ft.'in - - - --
Significant historical Pennsylvania newspapers