h x;i u t 1,1 .''jtV ' ty. EVENING PUBLIC LEDaEE-PHILABBtPHIA WEDNESDAY, FEBRUAKY 5, 1919 d9 .' ' J n ujj i' . , v .a; . A l -X ir IV V :t pt i Fr Ei f. t, fs? 4 i' 1. rt k. J . ' . fcj if y' t. ." !7 h, x K pi i i iv S; N i.M H li f GOSSIP OF TWO LARGE NOTE ISSUES ABSORB 1 'ATTENTION OF LOCAL.FINANQIERS 1 " Public Offering of Southern .Railway Obligation Is Ex- pected Soon Compromise Settlement on Rail roads Suggested Gossip of the Street .AMONG the Investment houses yesterday the principal topics for . Xi discussion were the anticipated offenns by Halsey, Stuart & Co. and a Chicago syndicate of $26,000,000 Southern Railway notes and the offering by a syndicate headed by Lee Hlfglnson of $10,000,000 Philadel phia Company three-year G per cent sooured gold notes out o"t an au thorized lssuo of $16,000,600. In the financial district there wbb quite a llttlo talk over a state ment which appeared in yesterday's New York Sun In reference to tho financing of tho -Southern Hallway notes, and opinions seemed equally divided. The- statement referred to Indicated that the Southern Railway direc tors were under the Impression they had not made such a good bargain In selling tho notes to a Chicago syndicate at 97?i and turning down the 'bid of 97 made by the Morgan firm. Tho fact was brought out that tthe Chicago syndicate had made It a part of Ihe bargain that the war finance corporation stand back of the syndicate by an agreement to take ' one-half of the Issue, or" $12,600,000, If the nbtes should happen to be' a drug on tho market. The point was made in this connection that In such event ltT Would necessitate future financing at a cost which could not now be determined, whereas had tho Morgan bid been accepted tho Southern's financial troubles would have been settled for tho next three years". An Investment bankerwhen giving his opinion on the matter said that at most one or two, days would settle tho wholo question, which hinges on the ability of the Chicago syndlcato .to place the whole lssuo at once. Personally, ho said, he believed it would be found that the whole $25,000,000 would be quickly absorbed, and he added that he under stood the public offering of the whole $25,000,000 would be made today ' at .a price to net about 6 per cent. There were some who doubted the ability of a western syndicate to sell even an eastern security as the Southern Railroad Is considered on such terms at the present time. t . . . . j - - lyeiv Financing by Philadelphia Company i As to tho $10,000,000 three-year G per cent notes of the Philadelphia Company, the general comment ;was favorable. , This was especially so lwhen it was found that they were secured by 200 per cent in par value of a new issue of firsthand" refunding collateral trust mortgage 5 per ayent bonds, and that this new mortgage did npt Include In any manner the Pittsburgh traction system. The mortgage Is upon all the natural ,'fcas properties, transmission lines and distribution systems owned by tho "Philadelphia Company, which supplies the city of Pittsburgh and suburban towns and cities in what Is known as the'Pittsburgh district with natural 'tand artificial gas and electric light and power. Tho properties and se curities covered-by the notes . are' valued at more than $100,000,000, pvhlch Is almost two and a half times the company's funded debt. It is understood tile notes will be offered at 96V4. to yield about 7.30 per cent. Compromise Settlement on Railroad. Control Thestatement.made by Director General of Railroads Hlnes In favor of a flye-year trial under government control, or a compromise for' three 'years, was still a Jive, topic yesterday. A banker when speaking on tho subject said there 'must'be a compromise settlement of the whole rail 'road and public utility situation, and the sooner the 'better. He said the officials of the railroad administration, tf the railroads, of the prin cipal publlc-'utilltles corporations, the Interstate Commerce Commission ,and representatives of 'the various State commissions should get together as tha Peace Conference is.ifoing.'an'd go over the -whole situation in a give-and-take spfU-lt. compromising on the disputed points, and by their faction -end. once and for all the constant bickerings, and misunderstandings whlch have retarded the expansion lot business all oyer the country and 'abroad, and get down' to a working principle that would satisfy a .'disgusted public, which, after all, "pays the freight." 'iPanlwndtc" Avoids Long-Term, Financing i . Attention was called by. a certain banker to the fact that of the j.$35,000,000 debenture gold bonds authorized on Monday last by stock holders of" the Pitfsb'urgK, Cincinnati' and St. Itouls Railroad Company ,jione will be offered for. sale, to tho public. He said the company In tended' to use' the bonds as' collateral for 'bank. loan's to secure funds to .adjust' InteriorpoTflte accounts as well as accounts with tho United States railroad administration. .This arrangement Is Intended only as a Ttcmporary expedient. As tho gqvernment pays the railroad company 5jthe regular compensatlonunder,the standard contract, as well as other i-evenues, the bonds will be released, and In this way the company ex--pecta to .avoid any long-term financing, fcoiv-Water Mark in Liberty Bonds , ' Some bankers are of tho opinion that the low-water mark has been breached In Liberty Bonds and tha't very shortly there will be a decided ' jipwaramove In prices. The principal member of a large Investment "house said yesterday that the'y had purchased during the day upward of $125,000 of Liberty Bonds for investment, and they had not been asked to sell more than $2000. -A similar condition was reported by several icther concerns. There continues to bo considerable discussion regard ing the terms of the next "Victory" Loan. ' There Is also a good deal of speculation as to the date on which It will bo' launched. The reporte-that.lt would be delayed until late In April on "account of the Lenten season Intervening' at 'the date originally spoken of has ceased to Interest and, Is rarely over referred to. But there are rumors that the campaign may be postponed, until general business conditions are Improved, or at least until after peace has been signed. These rumors are not generally credited, however, as nothing has emanated from Washington to Indicate' that any such change Is favored by the Treasury Department. Short-Term Notes in Good Demand Short-term' notes are firm, with a good demand for some of the more active. Issues, and ,there appears to. bo a disposition toward Improvement throughout tho entire list. Fractional" gains were shown and specialists 'fa the trade said they believed tho market would show a Arm tendency, at least up to the date when tho next Liberty Bond issue Is offered in April. ' "l Unless tho market is flooded with new issues, the expectation Is that a substantial amount of new notes can be placed during the next four weeks, as 'the market for the moment appears to have been fairly well cleaned up of surplus securities. "k New York city. It was learned yesterday, has secured accommoda ' tlon from one of the largo local national banks through the issuance of Its city revenue bills aa collateral for a short-term loan. This elimi nates the necessity for public borrowing at' this time, although it is not Unlikely It may be in the market a little later on for additional funds. 17 AND a We are commercial and receive deposits K v 'ft. From 8.30 A. M till midnight. Daily including Saturday) A DEPOSITS DECEMBER 3 1st, 1915 DfiPOSITS DECEMBER 3 Ut, 1916 iUfcrUSl 1 a ucutiYiotK J i sr, i.y i , ;. - DEPOSITS DECEMBER 3lst-T9l6v a- i t GROW 1 '. 2& FrS S FTrttstC9 iSth Street, below Market Wot Philadelphia Office, 52nd and Market Street! 1 ". 111, 1 "l" THE STREET convenient and cash checks, and opert accounts. $2,283,604.39 $3,211,376.04 $4,798,405.52 $,114,852.24 'J. W4TH US -v .! l - . M tjtm rWfiiu m4Wm mW& BUSINESS NOTES A new low-price ferel lias been reached In the narrow copper market, with sales at 18 cents a pound, dc- llvi.t-erl In fhlrtv Aavu Tl Vina Kaan n m.iiL. ..i.r . i """", condition of metal pressing for salo luiucr iiutii a ucmanu xor copper WnlCn has encouraged the gradually lowering price tendency. A preaa illnpalcli from Mancheater, Jng., says that the Manchester Cotton Control flonrd has decided to remove all restrictions on cotton and to permit mill owners to run their machinery as they desire: Announcement la made of the eatnb llshment of a new company to be known JB the Pelynnp Iron Works, organlted for the purpose of working the mines In Chlhll province. The company Is cnpltallied at 4,000,000. of which tho Chinese Government will supply one fourth, the civil governor of the prov ince one-fourth and merchants the re mainder. The Iron works will be estab lished at Hsuanhuahseln. From fUure supplied by United States Geological Survey It Is shown thnt about 3,028,000 short tons of lime were made and sold In 1918 In the United States. Including Porto Itlco and Hawaii, tho lowest recorded production Blnee 1908 and n decrease of 20 per cent from that of 1917. The sales uf hydrated lime In 1918 amounted to about 627,000 short tons, a. decrease of 11 per cent from tho quantity reported In 1917. Inqnlrlea for ateel for export continue In fnlr volume, but no lirge amount of business from this source Is In Imme diate prospect The trade Is watching tho strike situation In Kngland with considerable liitere.t, as in tho eient It spreads beyond control producers on this side arc likely to be called on to supply the hand-to-mouth demand In Al lied and nearby neutral countries. Current bnalneaa In plR Iron continue of small volume. Furnaces nre not at tempting to force Iron on the market dUrlnff the nresent dull nerlnri nn.l nrn. , duce.-s and consumers are for the mnln run waning, me latter buying spar ingly to cover Immediate necessities. The lowering of the ocenn freight rates has caused a more optimistic feeling that foreign demand will find It now more profitable to cover requirements nnd inquiries are more numerous. America exported fondatnrTa valued nt moro than $2,000,000,000 last year. The average annual export of food-turfs be fore the wnr was about $600,000,000. A decided betterment aa to demand was recorded In the zinc ore market last week, -with prices Bllghtly Improved for all except hlgh-grado ores, which dropped from JB0 to $46 n ton. The nverago for the remainder was $41. Lead ore had another bad break, with a further decline In price from $60 to $65 a ton, with the market weak. According to repnrta of the Southern Pine Association, orders for 3,600,000 feet of lumber have been placed by Italy. It Is snld ordera will nlan l. placed shortly by Kngland nnd France.- inp oruers were pinceu ty tne commis sioners -who represented the Italian CJovernment during the period of the war. It Is stated "that Inspectors who represent the purchasers, will Inspect the lumber nt tho mills. There were shipped from Tamplro during 1918 by the Standard OH ship ping department 6,002.269 barrels of pe troleum. Shipments were made to the United States, Canada, South America and the West Indies, the United States being the largest consignee, taking 3,219,762 barrels. . Finan'cial Briefs The Transvaal gold output In Decem ber was 641,245 ounces, valued at 2,723, 830, against 858,701 ounces for Novem ber, valued at 2.797,983. For the year 1917-1918 the gold output Is valued at 36.768.688. against 38,323,921 In 1917 and 39,484,934 In 1916. The Interstate Commerce Commission's report of totnl. operating earnings of 176 large railroads for December Is (414, 537,858, a gain of S98.210.923. ns com pared with the same month last year. Vet for the month decreased $34. 804,410. Twelve months net decreased $265,391, 590. The Fajardo Sugar Company stock holders at a special meeting ratified the proposal to reincorporate under the laws of Porto Itlco and made provision for lssunnce of 11.500.000 preferred stock. flhnulrf nnrh nntlnn tiA rleemeri rlndeaMA subject to approval of two-thirds of the J": Northern Spy. $07: H"'." outstanding Mock W7.R0; QrecnlnR. $17.3(l. Apples, l'ennsyl- outsianaim, stoCK UanM and. Vlrirlnla. per bW. lien Davis. ' $4.7.10(1: Oano. $3 fill: Wlnesar. $7rH Bijj Application has been made to the' staVman winesap..$7S .Hi: York Imper ai. New York Stock Exchange to list Phl.l!7iinKr,V;-Sn,fiBiCTOillJ. ndelphfa Company's $6,506,000 additional in nrllltlnnnl 6 per cent cumulatlvo preferred stock. .Tj-irin UroTTiitrH v!jA nraalrlfint n 4li MNhanle. and Metals' National Bank, Now York, and chairman of the com- mlttee on commerce and marine of tho American Bankers Association, has ap pointed the following bankers as mem bers of his committee: Fred I, Kent, William A. Law, Lewis K. Tlerson and Charles R.' Sabln. The committee will study ways and meanB for the develop ment and .financing: of American corn' merce. A bondholders' protective committee for New Orleans Railway and Light Com pany, refunding nnd general lien 5 per cont gold bonds has been organized as follows: George K. Hellley. chairman; John S. Newbold. Arthur V. Morton, George A. Colston and Lynn II. Dlnklns. The depositaries are the Pennsylvania Company for Insurances on Lives and Granting Annuities, Philadelphia; In terstate Trust & Banking Company, New Orleans; Mercantile Trust and Deposit Company, New York. The committee Is Informed that, tho receiver will be un able to pay the Interest on these bonds which falls due next May 1st. The New York Subtreasury lost $763, OOo to the banks yesterday, reducing the cash net gains, Including Friday, to 53,835,000. ' The stock list committee of the Phila delphia exchange has today admitted to the unlisted department of tho ex change 1. 500,000 additional Philadel phia Klectrlo Company first mortgage 5 per cent coupon bonds, making total amount listed at this dato S36.6C3.300, bearing Interest at 5 per cent per an num, and tl, 671,700 at 4 per cent per annum; numbers on file In the secre tary's office. Clifford C. Colllngs has become asso ciated with the Philadelphia office of the Ouaranty Trust Company of New York. . The transfer books of the American Telephone and - Telegraph Company close March 14 and reopen March 26 for tho annual meeting to be held on March 26. ?llimilltiIIIIIIIIIIIHHIIIIIIItllUIIIIIUUIIIII: An Extra Pay Day Every Month If you have invested in each of the four Liberty Loans, you have a coupon coming due eight months in the year. Wouldn't it be fine if one came due albo in each of the other four months? We have a-plan even better than that. By invest ing in our carefully selected bonds, a coupon will also come due 'in January. February, July, and August, thus giving you an" extra pay day every month' in the ,year. Why not write us for West t Go. ANKERS t 1417 CHESTNUT STREET New Tark.BtMk jtolii r .. dr P- 1 Philadelphia Markets GRAIN AND FLOUR WHEAT Herelnls. 1U04 bushels. The market ws nulet but firm, quotations! Cr lot" In upon elentor. iiovernni'nt sum! rrt Inirrcllon stsndsrd nrlres No. l.re arn ininectinn atandard prlcea No, J.ri-a winter, $2.sns No. 1. northern aprlni, 2.80 tfn 1 hnhl ..!.( n u. ... 1 4 winter. (rurllcW. 1:1.87! No, 1, rfd. nmuttir. 12 1"! No 8, red viintfr. I2.i No. 2. rorthrn prlnK. 12.80) No. 2. hrd winter, $2.80: No. 2. rrd winter, imrllcky, $2 84: No 2. red, omutty, 2.83i No. 8. red winter, I2.8JJ No. 8, northern tprln, 12.32! No S. hrd winter, $2.82i No. 8. d tilnter mrllckjr. 12 8(1! Mo. 8. red nmutty, $2.2i No. 8. rea. j 8i No. . Borllrky, j.2it No. 4. "nutty. 2.27i No. 4. mrllcky, mnutty. 12.28: JJ. r, red, 12.2ft! No n, garlicky. 12.10! No. n amutty, 12,23! No. S, irarllcky, amutty, t2.1M. . CORN Ttrrtlrttn. 1210 buhel. Dman" wa llrht but price were ateadlly held. We quote yellow In car lota for local trade, aa to quality and location, at tl.3801.43 rr bushel. OATS Hecelpta, 17.252 bunhela. The mar ire. tfB rlolt amt t n Inur.. tinder IncreRflCd preure to aell. Wo quote! Car lota aa to lo cationNo. s. white. (!J0H7Hci Standara white. H 007c! No. 8 white. 63V4 O06cl No 4 white. (I4WB3C. ..... FLOUn Receipt-. 1000 bbl. and 1.1R4, BOD lb- In -nek". There waa little demand. bu mill Ilmlta nenerally were ateadlly held. The quotation"! To arrive per ipd lb;. In H(i-pound lute aek Winter, "tralaht. wc.tern. 110.230 lO.r.O; do. nearby, $n.8llW in. ir.n... traihr. iin.ftnftln.73! do. ahort patent. 8KI.73O11.20: Drln:.. ahort patent. 110.7.10 011 do, patent, iio.dov in 7-.. A, .. .i... to "fin in. nYE i'l-ottlt waa' dull but ateady. We nuote at I7.7.1O8.60 per barrel. In aacke, aa to quality. PROVISIONS There waa a fair Jobblnir demand and 4k- mnl .nlbl .la.ilv of the fMlnWlnil quotations: City beef. In aeu, -moked and alr-drled. 47c: weatern beet. In -eta, -moKea, 47c: cllv or weatern beef, knuckles and ten ders. smnKed ana air-anep, -oci upei '"-" $(!; pork, family. $r,2..3: hams. S. I. ..... Inn Q-.LL i2 3flnf Aj ekltined. loose. s.1',4 30c: do do smoked. 874 O.lSc: other hams, smoked, city cured, as to brand ana Rcrse, S7HISJSHC! ham-, smoked, western cured. 37"4 OSSe: do boiled, boneless. Mc: Picnic shoulders, B. P.. cured, loose. 2H.C A .H..1..J all... t..1lla In nlelcle. InftS-, 82c: breakfast bacon, city cured. 4Jc: break fast bacon, western cured. 42c: lard west ern reflncd.24H 02.1c: lard pure city, kettle, rendered 24'4 023c. REFINED SUGARS Trade waa quiet, but prlcea were steadily maintained on a basis of Be for fine gran ulated, DAIRY PRODUCTS CHREHB was dull and unsettled with weaker outside advlc-s. Quotations- New York hnle-mllk. fancy, held. !ilO30'4cj specials hleher: do, do. fair to -eood held. 3.1033HC! New York, whole-milk, current make, best here. 8283o: Wisconsin whole milk, fnncy. 3U3V4c; do, do. fair to Rood. 8.14 BlVic. IIUTTEU Demand was more active ana prices advanced lc under llxht ofTirlnes. w" njJ2L ?"$! ';."',h'."5?:i ,cr: for jobblni' '".a"le. "' eitra" flfsts:" 4Se: I CATTLE-necelpt,. 7000 head Iteef and nrsts 44W4ilc: seconds. 41048c: fancy , butcher cattle, stronu to l.',e hlRher: car, brands of prints Jobbing at 54035c: fair to ners. steady, ralvea and feeders. 23c hlsher. Kood 47.13c. . I'eef cattle. BOOd, choice and prime, $10.73 EGOS were In aond demand and prices ad-1 i j,-,- common and medium. $10 03018 7., vanced 00c per case, with supplies clo-ely butcher Mock, cows nnd heifers, $7,100 som up 4110 iiuiHMuuiii.. ,v ....--, Free ratios. nearby flratn. $1 'JO rwr prate celulH. i-'.u per c IlR.n Per craie: ferlor lotn lower per rune:, selected per dozen. POULTRY LIVE POUI.TIIT Fancy stock was pretty well cleaned up and firm. Quotations: Fowls, via express. 34W8I1C! exceptional lots hlBher: fowls. Ma freight. S3MS..c: brolllnir chickens, fancy soft-meated. welch. Inir 1V4 S2 lbs. apiece 40W42C! sjirlna chlk. ens. soft-meated. larger sixes. 343.1c: staB bv, younK roosters. 272c: old roosters, 2122c: ducks Pekln. 0L2c: do. Indian Kunner, 380.10c: Bcese. 8Tr'J2c; euln-as, youna. per pair Welahlnit ma lbs. earh. Il.luei.30: smaller sixes, n0c$l: aulneas. old per pair. B0c$l: plseons oM lr pair Joi!jii.-,e! lo. souna. per nalr SIM-"'' DRBHSBO was oulet and steady with moderate supplies. The quotations follow: Turkejs, nearby fancy 44WISc do st ern fancy, 4844c: do. do. fair to BOOd. 3h(942c: do. do. common, 30v.lrie: do. old torn- 38l&C!do old hens. 30W41C. Fowls, fresh-killed. In boxes, welnhlnir 4W bs. and over apiece, 34Hc: welBMne 4 lbs. nplere. 34c: smaller sixes 2R32c: fresh killed fowls, In bbls . fancy, dry-picked, selected S4Hc: welnhins Hi lbs. and mcr apiece 34c- welBhlna 4 lbs. aplec-. 31c: small sizes SHtf .10e; old r'.ns'crs, ilrv-nekl 27c: roastln chickens, western, dry-plckea. In boxes, welahln .1 lbs apiece a.iSv...i welghlnB 4 lbs. aplem 34e: welshlnB 34 lbs. apiece, 33c: wclehln 2V4 03 lbs. apiece. 3"c- ataBEy. 27030c: roastlnir chickens, western. In bbls. etehln 4 lbs. and over apiece. 34c: w'lKhtne 3Vi lbs apiece 81c: welahlnir 2H3 Iba. aplece,30T32c: stagnr, 21W20c: brolllnB chickens welBhlne 1S! lbs. apiece, 42in44c: ducks, we-tern. 380 40c: geese western, choice, 20W30c: fair to Bood. 204928c; souabe. per doxen white. weUhlnB 1112 Ibsper dozen SW821 white, welBhlne 0TD1O lbs. per doien. 7g 7.n0; do. do, welahlnB 8 lbs. per doxen. 0ff (IBO; dor do, 7 lbs. per doxen, J4.80 3: du do. (1(H4 lbs. per dozen. WW4: dark. $1.30 2.B0: small and Ko. 2. $12 ROi aulneas. vouub, pe pair. I1JJ1.73: old. 73cO$l. FRESH FRUITS Choice stock sold fairly and ruled firm, ..i,v. n.iu. nf at eawherrles sllshtlv hlarer. Tho ouotntlons were .as follows: Apples. k.... vA.l ru Mil Tvlnu. tftdftt: Tlaldwln i . a n sn.f.l O "t I amans -. western, per uox, .,mu ,.. ""' '-- '.4. OranTPH, 2S08P4.S0; do. California, per box. 12.80 4.03. Tangerines. Florida, per strap. $3tP (I. Qrapefrult. per box. 12.30 64 2.1. Crnn- r orma. ir -ri , berries, -er-ey. .- jj- r -.: .Jji, Jir qt.. OOcOli.10. VEGETABLES The Beneral markec was quiet and prices faored buyers Quotations; White pota toes. Eastern 8hore. per bbl. No. 1. $3 8.75; No. 2, $J2 80: do Jersey, per 4 bush. basket No. 1. 8000o; No, 2 SO 00c: do. Pennsylvania, No. 1, per 100 lbs. Jl 80('2.20; do. western, per loo lbs., 11.81 2; do. New Tork. per 100 lbs., $1.7.1 1,00. Bweet potatoes, Jersey, per basket No. 1. l.01.7l No. -'. $l1 2B; do. Bast em Bhore, per bbl. No. 1, .1fl: No. 8. $2 B04?3 50: do. pelaware and M iryland. per bush, hampers No. 1. 2.2.1ff2.33; No. 2. tl BOC 1.(10. Cabbace. Danish seed, per ton, $11102,1: do. southern, per hamper, $1.2.1 1.78. Onions, yellow, per luo-lb. bait N. 1 $1.40(32. No. 2. 7Bc$l. NEW YORK BUTTER AND EGGS New York. Feb. 3. 11UTTKR Firm. Re. celpts. 18 081 tuba. Creamery, hlaher than extras, 48H BOc- crea nery extras (02 score). 4l)c; firsts, 43W48c: nacklne stock, current make. No. " 32 fUSe,,. EOOS Firm Receipts. 1( 731 cases. Fresn Bathered extras. 44H 4.1r: fr'h fathered resular packed, extra firsts. 4SS 44c; do nrsts, 4243c: Stata Pennayl anla and nearby western hennery whites, line to fancy, B45(!c; Htate Pennsylvania and nearby hennery whites, ordinary to prime, BO33c; State l'ennsjlvnnla nnd nearby hennery browns, 47 tt 30c, do, catn ercd browns and mixed colors, 4dti43c, LOCAL MEAT MARKET The following- report of the fresh meat trade In Philadelphia Is furnished by the local livestock and meat office of the llureau of Markets United States Department of ABrlculture: KUKSH REEF Receipts moderate, mar ket strenBthenlnB- on lower Brades, demand fnlrlv aood: weather favorable. HTEKltS Receipts llaht, market firm, at $ JO te $28 demand yood. . . COWH Receipts moderate, market firmer, at tin to $.(, demand falrry cood. VEAL necelpts liberal bulk heavy veal. market steady to firm, at $15 to $24, de- mpORK Receipts moderate, market steady to Arm at $28 to $28. emand Just fair. I.AMH Receipts llsht. froxen stock of fered! market stron to $1 hlBher at $27 to $31. demand aood, MUTTON Receipts .llkht,. market active and $1 higher at $10 to $22. demand good. - further details? m-mmttmttt r$pt' t' "j.i : rurrem. - an(j feeders. BOOd. rate; wrjwjn " "".'" $11W14 .10: Inferior, con ?"",?'. Bunai-in $KS111. Veal calves. ; southern. $12 SOW 12 110 -. . -n..- iresn joouinc ai ivw'u - tim.-i.-iV 1 SECURITIES AT AUCTION The following securities were sold nt auction today by Ilarnes & l.ofland: Rhare. ST0CK8 ,.!! ''roiirl Street Hank: par $f,n tn 48..3 Nome Holdlnu Compiny ; 0 Itlverslde Traction Company, - tipr'.,:rr', bar $30 31 . "nnvllle (Pa,) National Dank; . .r,r ,,ft0 100 Th.".t!lum Store, preferred: par $1011 ttlt j li0n"um stor- commoni par 1.10 Tonopah Ilelmont " Development ' Company: par II nil 1 r.t,i?.Vi"! ons. Inc.: par ISO 31 1 Philadelphia Trust Company: par - "ou ! 715 .. Commercial Trust Comrany: par 12 Interrlty Title Insurance Trust and Safe Deposit Company: Par $.10 2524 ft United (las and Electric Corpora- - -..Hon- J1"1 Preferred 4(H 2 Tlora Trust no 10 Empire Title and Trust Com- . t..rnyl Par $30. paid $21 17 a Finance Company of Pennsyl vania, second preferred: par . IK'O .......lO.V. 1 Jenklntown National Hank: par .10' 200 a 11ane Junction Trust Company: 1 Fire Association of Philadelphia: 1(1 Fire Association of Philadelphia! par 8.111 SIW 20 Philadelphia. Oermanlown and . Norrlstown Ilallroad Company 110 20 Mine Hill and ttchuylklll Ilaen Ilallroad Company BH4 1H Amorlcan Plpo and Conslruc- tlon Company: par lino 12 3 Philadelphia Ilourse, preferred: t par $2.1 in; 4 Philadelphia Uourse, common! par $10 8 .1000 Klmberly Consolidated Miner Company- par $1 7c 37 Horn & Hardart llaklnsr Com pany. Philadelphia: par $100. 240 P.ONDH $300 Clexeland nnd Erie linllroad Company, 3 per cent, first mortiragrs, coupons January and July, due ltr.t 22 1000 York ltarn Water and Power (.ompanr, r per cent, nrst mortKaae, coupons June and December, due 1031 2000 Philadelphia Company. ,1 per cent, consolidated mortEase and collateral trust, coupons May and November, duo 111.11 100 United Oaa and Electrls Cor poration. 6 per cent, col lateral trust, coupons April and October, due 1H48 800 Itlverslde Traction Company, it per cent, nrst mortifaire. cou pons June and December, due 1000 . . . 83t 83 30 70U LIVESTOCK QUOTATIONS Chtcaeo. Feb. (I. HOGS Ttecelpts. 37.000 nean, .-iiaraet sirona lo iuc nianer. lIRht hoifs shnwlnir most aiance. liu'lt of sales, $17.40017.90- butchers. $17.5'-elB! lla-ht. $il 73017.7.1; packlnir, $10 11(1 Jr 17.00: throw- iVi'2S "' ' ' " nuis. iiovjiu.uu, piss, good lo cnoice, $a3.73 x .,; fanners anu cuuer. ww ttlt'l siock choice and fancy. common and medium, ifoua anu cnoice, Tlecelots. BOrtO head. I.nlnti. . and searllnBa mostly 2.1c higher: sheep and feeders strnnp. Iimbs, choice nnd prime, $17 10M17.23: medium and koo.i Jlr, r,(l 17.10: culls, $12.r,014 no; cues, choice and prime, $10,75$M1, medium and Eood, $u,30 ?10.73: culls, $3,2B8. I'lttshurzli. Feb B. IIOOS Itecelots, 000 heart HlBher, lteavles. heavy yorkers and llcht other.-. I1H.5UW18U0; piss, 17.55 18 21. StllKHP ANB IXtns Receipts. 200 head. Steady. Top sheep, f 12..10: top lambs, $17 BO. CAI.VES Receipts BO head. HlBhir. Top. $17.30. St. 1-nnln. Feb. 5 HOGS Receipts. 17, OOli hfml Iwcr. I.lKhts, $17017.410; .-It's. tl2.3oetd SO: butchers. $17,235(117.80: cood heay. $17.17.00. CATTI.i: Receipts, .1000 head. fttendy. Native steers. $ll.BO!ll8.BO: helfirs. $11 .', is; cows. $7.B012 no; stockers and feeders, $8.10 do 12; calves. I7.73W18.7.1. HHEEP Receipts. 700 herd. Steady. Lambs, till Will BO; ewes. $8.80010.10. East nnfTalo, T. Y Feb. B. CATTLE Receipts, WOO head. RtronB. Calves, re cilnts lleht. Steady. $B31!). IIOOS Receipts. .100 head. 30SP350 hluher. Heavy. 318 2.1W18 40: mixed york ers. light yorkers and pIbs. $18.60, throw outs ir.'WIO: stars. J1HM1.1 SHEKP AND LAMHS Receipts, 1400 head Lambs. 30c hlaher. Lambs, tllQ 17.75; others unchanged. Kansas Cltr. Feb B. IIOOS Receipts, is.doo head. Steady. Iteavv. $17.31W 17.00; butchers. $17.30M 17.(10; HbMs. $10.00 17l plBS 12Ifl. CATTLE Receipts. 0000 head. Steady, rrlme steers $18ffi20, southern sterrs, nom inally, 713: rows, 17(fH; heifers, tHin 11. BO; cslves. $7I4. HHEEP Receipts BOOO head Steady Lambs. $1.1 B0B1I1 00; earllnas. illlfjlUD, wcthero. $12.25; ewes. $810..10. BUSINESS CAREER OF PETER FLINT A Story of Salesmanship by Harold Whitehead Copyright CCCXIV , ET ,AD had a long letter from Francis yesterday mornlne, which he read and reread carefully and Bravely. I knew somehow that It was about me. althourh dad said nothlns about It then. He merely remarked, "It was too bad that Francis couldn't get here over Sunday. It was a disappointment to us all to cet hli telegram on Saturday night. However, he's going to be here this week-end and the week after that Is the wedding." Later during the day, while we were In the store together, dad said to me casual-like- "I'm glad you sold out your real estate business. Feter. my boy. Somehow or other I never felt quite happy about It." "I'm rather glad to be rid of It my self dad." I admitted. "But I'd never have got out of It If It, hadn't been for Bruno Duke" and then I couldn't help It I sang forth the praise of Duke. "Mr. Duke has helped you so much that I hope you can get him to r advlso you as to your future." "He's promised to. dad," I began eagerly . "In fact, he's got something up hie sleeve for me, but he won't tell me what It Is till I return." Dad was Bllent for a moment then: "I think. Peter, you should do whatever he suggests, whether It be a big or lit tle, commonplace or or unusual. I shall be happy to think you are are following his desires.'' That sure got my goat. I had a hunch dad knew what It was Francis's letter doubtless told him and wanted to tell me I ought to do It. My, but I was anxious to get to .New York. "I thought I'd try to stay here and help you, dadT" "So," his answer came decided and quick, "you take a good chance while if It happens. Get experience outside of Farmdale so that when you are re quired to take hold of my drug store you will hae had as broad a bus ness I experience and training as possible. "I'm feeling heaps better better man I've felt .for months. The doctor tays that with care I shall Boon be real well again Under those circumstances you ought to get outside experience. Heaven knows that a retail store is narrowing enough in Its Influence. The dally sameness of the work and surroundings In a reta I store make It hard to keep from getting into a rut. I want you to keep fresh, bright and open-minded about business." Several customers came In then so we were busy for n few minutes. I waited on a fellow who asked for a tube of tooth paste. The assistant had just sold a flfteen-'ccnt tube to gome one who asked for the same thing, and I was ' Just searching for It when it occurred to me that he might Just aa easily Duy a twenty-flve-Cent tube, so I got that and said, "Anything else?" "No thank you," he replied and, glv 'ng me a quarter, left the store. I felt pleased In sellng that twenty-five-cent else Instead of tho fifteen-cent slxe. ,apd told dad about It. Then, kerplunk I I found outl wasn't so Sfnart M I' taaujht I, was, tor dad ri 5 i ' -t . Ml i Tmff aMrVMi4 i -ym jnii- him n fifty-cent toothbrush In preference to n. twenty-flve-ccnt one?" "Qeel Xo; neier thought of It I" I exclaimed "We old-fnshloncd. behlnd-tlie-times people here nlwatt make a point of ask ing the customer If he wants articles that belong with what they buy." Dad's eyes twinkled as he said this. "Jim here," I nodded to the assistant who sold the fifteen-cent tube of tooth paste, "didn't do It." "He only came a week ago we'll soon train him. It's1 a big money-maker to suggest extra purchases to custom ers, for they frequently follow the sug gestion," I had a glorious time with Mary on Sunday and this evening, I'm going to N'ew York tomorrow, I wanted her to promise to marry me as soon as I got a new Job, but she Insists on waiting a year at least, till I'm really settled In my work and can see a reasonably cer tain future. "I love you too much, Teter, dear, to let you be handicapped by me till you have a reasonably sure living." I trald to her but that's nobody busi ness but Mary's nnd mine 1 TODAY'S nUMINKSS KPHlHAM He pjeasnnt evert morning until IS o'clock and the rest 0 the (fay will take rare of itself. (Sent by J. M. L,, New Tork.) What does this mean to TOUT City Officials Plan to Spend Millions Continued from Tare One Smith administration has been ex hausted, and for this reason the de partment will have to look to Councils for further financial help. Highway Improvements will be made according to schedulo agreed' upon be tween Director Datcsmnn, Chief Dun Inn and Assistant Chief Xeeson. of the Bureau of Highways, nnd will In clude not 'only Improvements to city streets, but Improvements to country roads within the boundaries of the city. The estimated cost of pnvlnp planned Is $2,260,0000 for grndlng, $250,000; Improvement of country reads. I7S0, 000; repairs tb asphalt streets, $750,000; extension of the Bensnlem nenuo hrpneh of th- Northeast Boulevtird, $1,000,000, nnd Improvements of the P.irkwny, J200.000. Neglected Streets to lie Improved The' $2,250,000 allotted to repavlng is expected to improve many miles cf streets that have long been neglected and to put an end to the numberless complaints that havp reached the de partment during the present adminis tration. This repalng Is nlso counted upon to result In a great salnB to the city through 'the pretention of accidents and consequent Jury verdicts awarded Injured persons. The mandamus system has grown by leaps nnd bounds In recent years until It has reached a point where almost every municipal loan must Include an Item to satisfy court orders Issued aa tho result of accidents, the result of land condemnation nnd for salaries not authorised by Councils. The many coit ly accident cnss that have resulted from tho partial neglect of bridges, road ways and municipally owned structures will be lessened If roadways, etc., are made safe for the traveling public. It Is pointed out. Delays In completing roadway con struction have greatly hindered building operations In outlying sections. " The grading plans have been formulated with a view to remedying this condition and making building along newly opened roadways popular with largo building Interests Thus the expenditure of J260, 000 in this way is expected to result; In building booms In many sections where such activities have been at a standstill for Bevcral years past. (230,000 Thought Enough for Grading Grading Is the preliminary step In the development of new streets nnd roads and the money BBkcd for Is calculated to be sufficient to provide for miles of new streets In outlying and suburban sections. It Is estimated that the ex penditure of a quarter of a million dollars will grade most streets on which building operations are contemplated during 1919. The $200,000 needed for the Parkway will be used In work from a point west , of what Is known as the crescent to Twenty-fifth street, and will Include the construction of a central driveway eighty feet In width, two service drives twenty-eight feet In width ns well as the laying of water pipe, grading, palng and construction of footwnvs etc. Sewers In congested portions of the city are provided for in the 1919 plans as well bb tjie continuation of main sewers In the southern section of the city nnd the further completion of the sewage disposal plant in rranKtoru For much of this work there Is pro vision In the enexpended balance of the $42,000,000 loan authorization. To Compj'ete League Island Park Plnns nlso have been drawn 10 the De partment of Public Works for tho further completion of League Island Park and for the construction of O&vernment ave nue, and other projects which, when completed, will form a line of drle wava and parks along the banks of the Schuylkill Tller from Falrmount Tark to League Island. The genernl loan fund includes money for new 'bridges. The proposed brldses nre: South street, over the Schuylkill Itlver; on the line of Forty-ninth street, over tho Phil adelphia, Baltimore and Wilmington Ilallroad: Ashburncr street, over the Philadelphia and Trenton Ilallroad ; Lin den avenue, over the Philadelphia and Trenton linllroad; Convent lane, over the Philadelphia and Trenton Railroad; Harvey street, under the Philadelphia, Oermantown and Norrlstown nallroad; Mount Airy avenue, over the Chestnut Hill branch of the Philadelphia and Heading nnllway; Thlr;y. fourth street, over the Schuylkill Illver near Grays Ferry nvenue; two bridges over Cobbs Creek Parkway. ' Although there is no possibility of all the vast undertakings planned by the Department of Public Works being started this year. Director Datesman hopes to complete his term of office with many of the contracts let and work under wny. With but eleven months left In which to open work, he Is ex pected to follow tho example of former heads of the department and leave to the Incoming administration many un completed contracts. Lind.ay Light Pays Dividend. Ohleago, Feb. 5. The Lindsay Light Company declared a dividend at 2 1-3 per cent on the preferred slock rnd 8 2-3 per cent on the common stock. This represents the regular quarterly dlvl dend of li per cent on the preferred to March 31, 1919, and accrued dividend on the preferred for the month of De cember. 1918. The dividend on the com mon atock represents the quarterly divi dend of 5 per cent to March 31, 1919, and a dividend of 1 2-3 per cent for the month of December, 1918. All dividends are payable March 31 to stock of record March 1. America Tobacco Payi Scrip Dividend w York, Feb. B. -The American To bacco Company has declared the tegular quarterly dividend of 6 per cent, pay able in scrip. This scrip dividend Is Bllghtly different from previous dlv1 dends In that It Is not redeemable In cash, but is convertible Into new "B" common stock, In 1921, at par, 4 BAR SILVER , "t CommtwW" bw silver i was. quo fed In New York ufcur t $1.0H.5ctimwd Is Lob WW. itMM!. BRYAN WORKS FOR SUFFRAGE Fails to Change n Single Senate Vote by His Day's Work Washington, Feb. B. William Jen nings Bryan has taken charge of the suffragists' campaign for the adoption of tho woman suffrage, amendment to the Federal Constitution by the Senate next Monday, when the resolution will bo called up by Senator Jones, of New Mexico, chairman of the Woman Suf frago Committee of the Senate. Mr. Bryan spent most of tho day at the Capitol, trying to line up the south ern Democratic Senators in support of the amendment. When he left late In the afternoon a poll of the Senate showed his endeavors had not changed a single vote and that the suffrage forces still lacked one vote of having the neces sary two-thirds with which to pass the resolution. In a statement Mr. Bryan placed the responsibility for the passage or defeat of the amendment upon tho shoulders of tho southern Democratic Senators. AUTO ABLAZE IN GARAGE Car, Belonging to John C. Winston, Damaged by Fire Fire damaged an automobile of John C. Winston, the publisher, this afternoon to the extent of $500. Klwood Byrd, the chauffeur, wan cleaning ft car In the garage back of tho home at 54tl Wayne luenue. when It caught fire. The blaie was extinguished by firemen after the front part of tho car had been burned. Applications for Bell Telephone Service IN the cases of many applica tions for service during the past year it was impossible to furnish service or even to advise when it might be had. i This was the result of the necessity for confining all extensions of tele phone plant to imperative work for war requirements and. the vital commercial needs of the country- Those persons whose applications have previously been deferred by reason of such conditions are re quested again to consult the near est Business Office. It is hoped that we may find that facilities are now available for supplying the particular service desired. The Bell Telephone Co of Penna, , aaaaaaaaaaaaaaaaaaaa i , I "-WaaaaaaaaaaMaalaaaaaaaa1 Ve1 m M-----,----------B------BalaaM-fcHMBB Mil "JlJ 1 jH" 1B Mr iiSfHHBPiUVKI H - H . IM"4flf!PP'?tu AH , atHHf 3l "e--. a lB Hx "-SStSIS- 3 '';?- mr B Wr3 Hl H i " I Own Your Home ! HI .H ''-V Have you come to a decision about the location of your new home or are you still looking? If you will turn to the Classified Advertising Section you'll find a great number Qf properties advertised for sale and rent. Every day there are cjty and sub urban properties advertised in the LEDGERS, morning and evening, So If you, don't see just what you want in to day's paper, look again tomorrow. "CHESTr STYLES FOR JlOt ' "Narrow, Stooping" FnsliionGe-V in Out Willi tlin Wnr New York, Feb. B. "Narrow, stoop ing styles" In men's clothing are to bo, banished at a result of the war, hc cording to members of the International Custom Cutters' Association, who opened1 their 'thirty-ninth annual convention here. "The man we must fit today ts not the same fellow, physically, for whom we made clothes before tno war bt- v i,lJ Ban," said L. C. Tyler, chairman of tho -,& committee on tashlons. 'The rigorous nrmy training has given him a broad, deep chest and straight back." Charles J. Levy, of Toronto, president of the association, said garments will show the effect of military Influence. "Instead of being designed primarily to fit the narrow-chested mnn and the man with thin legs, the coats will show broad chests nnd narrow hips and trousers will riot be skimpy," he said.' "Coats will be a trifle longer and looser," SOLDIERS ENLIST IN NAVY Discharged Trnon Seek New Jobs Whit Uncle Sam w York. Feb. 5 (By A. P.) Moro than 12 per cent of the men who enlisted In the navy here last week were dis charged soldiers, according to an nn-i noupcement today by the Navy rtecrult Ing Bureau. The stntement attributes this condi tion to the "splendid work" of the United States employment service, which Is co-operating with the bu-eau, and- to tho fact that ninny nrmy men, having lived "close to the real heart of the navy" on their voyages overseas, were attracted to the sea service. -f t". 'I J I H " "& 1 H '1 ', i .; ,i 'iv t fc w4 i f3 M twJfl ' i Hi . w WBISH siM pwSI t ' " it .v JIM4 nVrl t ; " &$U: MiHUGKiffiHim G&alMMBUmmiBhu jHEfl 'r ?' " t, I&I.A . SULMmi-
Significant historical Pennsylvania newspapers