,"V'fi!i
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6J-
EVENING PUBLIC LEDGEll-I'HLLABELPHIA, THURSDAY, MARCH 27, 1910
BUSINESS NOTES
The cldemtlnn of Japanese raw silk
merchants now .In thin country today
will visit the plant of tho I.eon-Fercn-Wh
Silk Company, Wllkea-Harre, !'
On Friday the Japanese visitors will bo
the truest of the Thoenlx Silk Manu
facturing Company at Allcnlown, Ta.
Quinine wnn reilitred In price j-esler.
day by the manufacture from !n cents
to SO cent an ounce. The. lovverltiB of
llie price wan regarded by the trade nil a
further step In the general readjustment
of prices for all commodities. Before
Ihe war quinine fold at ahout 30 cents
anounce.
A tea'ily Inrrraur In reported In the
demand nv paint manufacturers for
dry pigment colors. Tho unusually
warm weather In nil part!) of the coun
try has caused repairs to hiiUillnRS to
he undertaken earlier than usual.
Rlnre the termination or hoollllllen
there, has hpen a downward trend In the
raw allk market, hut the return of skill
ed labor to pre-war manufacturing pur
suits has heen very gradual, and. In
consequence, there Is little prospect of
a lower cost of manufacturing, imd on
an average prices In the broad silk
market have not decreased to any no
ticeable degree, and there Is no indica
tion of such an occurrence.
The American l.orenintlve Company
1ms taken orders for twenty-six tsn-ion
decapod type engines from the South
Manchurlan Hallway and tor two small
tank engines from the Kajlma Hallways
of Japan.
Manufacturers of lilRtt-grnile rubber
goods, particularly mechanical rubber
llneff, are now laying plans to take a
more active Interest In export business.
Concerns being organized to handle ex
port trade on a large scalp will, it Is1
said, rind rubber Roods manufacturers
who oiincily did not pay much atten
tion to business In foreign enunlrlco
among their most active clients.
GOSSIP OF THE STREET
Tli, nrenn freight rule lo Trance l
'Hiotcd at Jin per inn, The While Slur
J.lne line announced h strainer for Man
chester, a port very much in demand
because of lis fncillllcs for transship
ment, nl hii Increased rale over the
present tale to the fulled Kingdom.
The rate llxed Is SI.SO per hundred and
!ir cents per cubic fool, luminal tho
general Kngllsh rale of Jl.f.O ami ST.
cents. Shipper? fee a genernl Increase
coming In Hie Knglish rale. The cut
of nr :-s per cent made In the rale
sevcial weeks ago. with the consent of
Ihe Hrltlsh Ministry of Shipping, was
said by shipowners to be loo low.
ami nicy nav
ever since.
llerrlpU of rur In rl. l.cuiU nliil oilier
markclH have deci cased during the lest
week alld ale expected lo dci'lliie notice
ably from now nn The mild winter
weather nil over Ihe stilted nnd C.inada.
has caused nnlmals (o sheil their wlntri
coals sooner tlian usual anil Hie cbill.v
offerlngH. hereafter, of Heasonable .tucks
will be unite limited. The nun kef enn
tlmies stroller and the dally offerings are
being nrtlw-ly conipeled fur. Staples nn
all selling very well and ,-raMiiiable
slocks of Hie' goods ale expected In
go een higher
been trying to boost it
GOYKRNSIKNT HONDS
l'mmnm coupon - in.Vt.... ..
rnsma icslslcreil -"- '",
Panama coupon 11k. IM
Panama renlsfrcit '-'i. Ira1-...
Panims coupon lis. imit . . . . .
rnsms rBlMr.il .is. HUM...
Philippine Ik. lll.'ll
Philippine 4s. 1:i.i
Philippine 4m. ll-fln...
I! S t.ov i oupon L'J". lll.Ul.
! H !ov rijj'sl" 'il l-'s 1MII
It s llnv i oupon .'19. 11)111.. ..
V S CnO ralterrcl ."In. IIU'I..
it S (lov i oupon J. lll'J.I.. .
It H llov rcslaterM -la. iPJ.i
p of I'nlumbla Hll.'i". IK-'t. .
Ili'l A'k
117
tlT'i ICJ'j
117
!IT im
S7 1U
V7 -
IH1 mi
till nil
mi mi
US', (lM,
If-'i
vi us
v.i lis
io:., iiini,
lll.-i'.j llii',lv
117 100
You Can Be a
Preferred Customer.
s
You divide your customers into two classes pre
ferred and ordinary. Your supply houses do the same
thing.
Those in the preferred class, the discounters for
prompt cash, get all the benefits you can give them
preference in getting their orders filled and "tips"
when bargains are available. Those in the ordinary
class, who pay "any old time," are denied these ad
vantages. Isn't it reasonable to suppose that your creditors do
the same thing? For this reason YOU should be
rated a preferred customer.
If you have been prevented from getting into this
class by the lack of an elastic system of financing
that insures instant cash funds ample to meet your
needs as they arise, you owe it to yourself to investi
gate the advantages of our Service, which instantly
converts your accounts receivable into cash in needed ,
amounts, when and for as long as this temporary capi
tal is required.
The service with the most ad
Vantages. Let ut send details
they're free from all red
tape.
MANUFACTURERS' FINANCE CO.
, Fidelity Building, Baltimore, Md.
RrprrftenM In all prlnrliial HHfm.
Tti old?. nfln-notlHcatlon company In cntlrr l.titt ami Smith.
BOLSHEVISTIC CONDITIONS CANNOT
OBTAIN IN THE U. S.. SAY BANKERS
Financiers Hrlicvc American Workinpman Will Be, Power to
Prevent It Await Meet of Conditions in Europe;
Gossip of the Street
fpMH unsettled condition nf affairs In Kuropc nnd the effect It may have
on tho labor situation In this country seemed lo It a fertile topic for
discussion mhong llnanclnl men yesterday. Opinions on tho subject nro
so diametrically opposite that a reasonable conclusion seems out or tho
question. There arc thoso who seem certain that bolshevistic conditions
will never obmin In tho lnlted Slates, and claim that the American work
liiBinan will himself be the power to prevent It.
There, arc others who claim that labor 1.- In the saddle in the United
States, as II seems t be ICtirImiuI, and that new demands are only
awaiting the conclusion of the--Pence ronforencc. demands which they
nrgiie will be Impossible nnd will In the end rewult In "the destruction
of clvlllz-tlmn," ns one banker put It.
There Is nlso n wide divergence among Mnnnclers as to the policy of
the Depni fluent of l,nboi Some of them ate opposed lo the paring of
the prices of commodities without any reduction In the price of labor,
as In the case of the steel reductions of hist week. It Is said this action
wiy indorsed by labor leaders', who epect similar action In the case of
other Industries. Conferences are now being held In Washington, both
csterday and today, with lepiescntntives of glass, coal and building
hanhvaie trades, which are expected to produce icsults as satisfactory
as tho steel conferences of last week.
High Rentals Extending to Business Offices
A downtown broker was speaking about what seemed to be a con
certed move on the part of real estate men to compel those who rent
dwellings, on lease to pay higher rents, vacate or buy the properties at
prices away be.vnml what these houses vvoulil have cominandeil befnie
the war. He said the same ctuvule he believed was in vogue ngalnst
business olllies and. in fact, an. properties u.ed for business purposes,
lie maintained that the high wages ilemanileil ami received by lalmr had
much lo do with the matter.
High wages, he .said, are nl once both bail ami good. They inn else
the Inlying power of those gelling them and thev In turn demand a higher
standard or living, which Includes better housing. Then, on the other
hand, he said, while Philadelphia muter normal mndillons adds a cortaln
average number .of dwellings tn her men each Near. ery little has been
done In the way of building for at least four jears past, whllo there has
been a large lncicase In the population.
"I am told," be continued, "that builders and real estate men. who
want to see building activity revived again, and failing to gel lnvestois
inleiested on account of Uie high cost of labor and building materials,
have taken this method of boosting the returns from properties placed in
their hands mi ns to show a large percentage of earnings."
There will, however, he said, be another da of reckoning, and Ihe
ciisIh of lilnK must come down, and with them the cost of labor and
materials; jn fuel, the whole artificial fabric which inflated war prices
have boosted must heroic long find their own level. It won't be as low
- ii level as we had In'the early part .of 1DH, but it will be much lower
than it is today.
i
Sieeriy Response to Reduction in Steel Ao Expected
It is evident Hint some people In the financial district expected a
speedier wponse hv purchaseis to the reductions made in Hie flved
prices or Mel products last week, unmindful of the fact that such
lcadjiislmenls require time, especially after a world-wide disturbance of
lmsiness as contrasted wllh iialion-wiile disturbances in tlfe past.
Koine financiers are analyzing the prices decided upon by compari
sons with the past, but, as one banker lemarked. such a comparison is
most unjust.
What was right before the world war in the matter of prices would
not be consiileicd right now, he said. Tlieie must be taken Into consid
eration the cost or wages and or living as it is now compared with the
early months nt tfll I.
Taking the 1'niteil States Steel Corpora Hon, he icmarked, as a
standard for nil the other .steel companies, the average price or steel
products per ton In l!M4 was about ?:il or ?:J. The new prices agreed
upon last week In Washington, he said, would be round to average
.umumueafflBPinu ubmuicti
$11,000,000
The Laclede Gas Light Company
ST. LOUIS, MISSOURI
First Mortgage Collateral and Refunding Ten -Year 7 Gold Bonds
Series "A"
Conrertiblo at the option of the holder into either the Common Capital Stock of the Company, par for par,
or into a like amount face value of Series "B" Thirty-Year 5 Bonds of the Company issued under the same
mortgage, the Series "A" Bonds to be computed ut par and the Series "B" Bonds at a 5 income basis.
Dated January 1, 1919.
Due January 1, 1929.
Interest payshle semi-annually February 1 and Augmt 1 (first and last coupons tiring for seven and five months respectively) In
St. fotris or New York. Coupon bonds registrable as to principal or exchangeable for fully registered bonds; coupon
uonas are in MiercnangeaDie denomination, o! I .000. siou and $00. am uiiv resruterea nonas may oe issuen
denominations of $1,000 or any multiple thereof. Coupon and registered forms are fully interchangeable.
U-J-M-Ut ... ...... .!- ... ft .t. - Ul.'-l.-.l .-. ... ... .. .1 - -.1 I...----. .1, .mAmmmmA
.vvu.k'i'uic m'ty. time upon ou ui. puoiiMieu nonce ai iu aim .tiiucu imric.t -11 icvL.vu
prior to January 1, 1922, and at 101 and accrued interest if icdeemcd on or after that date.
AUTHORIZED BY THE PUBLIC SERVICE COMMISSION OF THE STATE OF MISSOURI
Interest payable without deduction for Federal Income Taxes now or hereafter deductible at the source, not in e.rren of 2
Application will be made to list these bonds on the New York Stock Exchange
From a letter addressed to us by C. L. Ilolman, Esq., President of the Company, we summarise the
following:
The Laclede pa Light Company was created by and organized under an act of the legislature
of the State of Missouri in 1857, and has under its charter a perpetual right, the validity of
which has been established by the Supreme Court of the State of Missouri, to vend gas within
the city of St. Louis, Missouri, the fourth largest city in the United States.
The proceeds of these bonds will be used .to retire at maturityMay 1, 1919, the Company's
$10,000,000 par value of First Mortgage 5 bonds and for the general corporate purposes
of the Company.
These bonds are now. secured by a direct mortgage lien upon all the Company's physical
property, and upon retirement of the First Mortgage Bonds, due May 1, 1919, will share
equally in the lien of the then existing first mortgage of the Company.
The issuance of additional bonds is carefully safeguarded under, the mortgage.
The physical condition of the property is excellent in every respect, it being the policy of
i the management to maintain its plant at all times in first class condition.
WE RECOMMEND AND OFFER THESE BONDS FOR SUBSCRIPTION AT
100 and interest
Th right U reset-red to reject any and all subscriptions and in any case to award a amaller amount than applied for.
Temporary bond will be ready on or about May 1, 1919.
All statements herein are official, or bisect on Information which we regsrd, as reliable, and, while we
do not ruirantet them they are tho data upon which we have acted In the purchase of this security.
HALSEY, STUART & CO.
INCORPORATED iUCetMORe TO
N. W. HALSEY & CO., CHICAGO
LAND TITLE BLDG., PHILADELPHIA
CHICAGO
NEW YORK
DETROIT
BOSTON
MILWAUKEE
ST. LOUIS
L
n .frfttfejA
TM'.i! . n- t
nenrly $65 per ton. And, ho i-oiitlntiril, cver one rcini'mliern lmw
tleprcssed wns not only the slcul IiiihImcks nt that time, lint every other
business n.i well. Then crime the wm nnd In l!H7 the nveniRo prlco
per ton went n high ns $IIS In July of that year. Last your, 1918,
the iiveniKM went down tn almost $75 per Ion, and It wan oven a little,
less in tho early month of the pieent enr. The new prices tirini?
that last average down lo from lo 7 per ton 1c-x.
Thin hanker said there was no ilouhl In his tnlnd that a period of
Croat activity Is ahead for Ihe steel companies, especially for thiife that
liave their own ore heds and manufacture from the oie. The fact that
no reduction Has made in ores would count njrnlnst thoe who were com
pelled tn ro Into tho open market for their basic product.
Undertone of Short-Term ISote Market Firm
The short-term note market Is iiiel with a firm undertone, and
fairly substantial amounts of some nf the mine active Issues changed
hands. Theie Is no appreciable change In iuol.illons, hut tho tone of
tho market Indicates the leltun of confidence to a consldciablo extent
thi-nuRhoiil the trade.
II Is the opinion of oxpetts that theie could not possibly lie much
chance in the market between now and Ihe closing of the Victor;, Loan
campaign, allhough a mndciate volume of transactions finm day to day
Is looked for.
Foreign government short-term notes are firm, although only mod
erate amounts chanced hands. Wilson ,t- Co. (is are quoted at iMr, Ii !t7,
with a good demand In evidence. The conveitlble feature In connection
with these Imnds has rendered tlleni attractive to Investors.
In the bond Hade yesterday iheie obtained a greater degree of con
fidence than hail existed for sonic time past, it being asserted that there
has recently developed a better demand for many securities than had Ik-cm
the case ten da.s or two weeks ngn.
Generally speaking, the demand for all daises of bonds during Ihe
last week. It is stated, has been a satisfactory one, and while tho olume
of business has not been large, It has tnmlnccil interests that with a
return to fairly normal conditions there will develop a good bund market
hecauso of the large amounts of money which are available for invest
ment. It Is hoped that the terms of the Victory l.ibeitv Loan offering will
be made public as soon as possible. In order that the banking commiinity
nvty be In a position to make the nece-.,-u y nriniigcmcni for cari.xlng
out the details of the campaign.
...
Quotations for the nia.nrit of issues e-tenbn ucie not materially
changed front those obtaining at the close of business on .Monday . In such
special issues as the traction securities Interboioiigh-Mclnipolltnn -I'is
are now selling mole than 10 points under the. levels of a shoit time ago,
and many lake the position that furl her lecesslons will be le.-oulcd.
(iovrrnnient bonds were ai-the. but displayed a fairly firm undertone.
Ituyilig of Liberty -I Us by institutions lias been In .substantial olinnn
for the last ten days, and some bond men e.xpicss the opinion thai then;
will be no fin ther recessions from the prevailing limitations
The Baltimore and Ohio Itallroad Company has Mild to Miltlnioie
bankers $3,000,001) 0 per cent five-year collateral trust mites. The security
Is the Coal and Coke Hallway, which the llaltimore and Ohio acquired two
yjears ago. The proceeds of the notes-, together with other funds borrowed
by the Kaltlmoie am) Ohio fioni the W-ir Finance Cnrpnri lion, will be
used to pay olT at maturity. April 1, $,'i.nni),oii0 Coal and Cnko I'.alhyay
."i per cent first mortgage bonds. The notes are being offered by bankers
at 07H and Intetest to yield about Hid per cent. Holders of maturing
bonds have prior right to take notes, and subscriptions of others are being
received subject to tills right.
...
Current strength in International Mercantile .Mamie prefei red Is
attributed In important financial circles to ovcrtutes which Ihe company's
management has undertaken Willi a London syndicate for a renewal of
negotiations looking toward the sale of .Miyine'.s Hrltlsh tonnage.
Governor Passmore on Decline of Exchange littles
. On his leturn from a meeting in Washington of the governors and
other officials of the Federal Reserve banks. Governor I'assmoro says In
lefeience to the decllpe of the exchange rates in Kurope:
"The withdrawal of Hie artificial suppoil of the rate of exchange on
London, which has been 'pegged' for so long, may have a wide Influence
on money conditions in tills i-minliy. The rate of exchange was pegged
by fiscal agents of the British Government In Xevv York by pin chasing
all British exchanges offered at the rale of $4.7(17-11! for the pound sterling.
The fiscal agents being In the market to huv all exchange offered at Hint
rate, no one sold British exchange at any lower rate. On Thursday of
last week the British Government cancelled Its arrangement with Its New
York fiscal agents and exchange Immediately went down to .ft. 71, with a
further drop on Saturday last to $4. HO.
"The new at rangenient works to the disadvantage nf our American
exporters. The American exporter sells to Great Britain and is paid for
his goods In British pounds. If the pound Is worth only $l.tiii In American
money Instead of $4.76 7-Hi, t lie American exporter loses fi7-li! cents
on every pound. The reverse is the case with the importer, who buys
lu pounds and pays in dollars. .
"France, two days before Great Britain look action, gave up tho
attempt to support the franc. The niilnn of Great Britain and France
should have a pronounced effect In lehabilitating the industries of both
countries and should extend over Continental Kuiope, aiding lu i colora
tion of Industry to a status more nearly niuinal.
"Return to free exchange ically acts as a financial tarll'fagalnst ex
portation from this country lo Great Britain and France. The resultant
exclusion of American products must stimulate the home industries there
and encourage them to export to us. In other words, it makes the Fnlted
States a pooler place lo buy from and better place to sell to.
"As tending to slow down our nrinufactures of export goods, this
action of Great Britain and France will ielea.se capital heie for other
enterprises, and, together with t lie nunc rapid liquidation of cancelled
government contracts, Is likely to result in iheaper money in the L'nited
States."
UAKSTOCk. QUOTATIONS
tlllfWto, .Mnirh J? -111X1? Ilrtrllili.. ! I -"in
hi'Hil t neii-n hut mrnna motl.v Hit- 'o
.'; liluher IIikii M-dlonlnv Inn tlnm. Ilillli
lit i.,'n in r.n. hra iiui.h.rs. tin r.or.r
in ill; nirilluni ntul liulii. fits s.-.t Its r.u.
lUihtnHclhs. Sl 7MHH Ift. Ilshl 117 .VIM
la: hrm PHfklnir nu sift uiftm R.t. rak
""?. rSii.'.-.:1,1" f'Oflx M plus. Sin r.Ofl" '-'"
atti.i: u.T"im. Mum iin,i. n....t
sli-ors nnd l.r-.i (,. Ftnck. 1!.V lilgln-r.
"Ili-r liuiiiiiT i null. Hint fc-.l.-rs. slr-mb in
slriina. Hid nn ,iilo Inner llrnv href
";"i. holie mm. I prlint', sis i;,jn in, m,.
'!'!'!' ",1?'1. K,H."'- "" IN 10. lumnwn. Sit 7",
... ..- !l?'"..l"''r "tetrii. koo.I sml ihrili".
i ;'.-.'.y"'.",i '"nitniin hii'I ineillum Still.-.
t 1.. Ml: tain h.-rn' hlfsrs. S7..VI1rl.V,'.n.
, NUr.hP llii-Pipi,.. i i ,, KininK
ininlis np.-iif. rum H.-ml with espn1j's
i.i-. nut ..M- in ,nir IipIOW TllpilA.V. Sh
prp
I'ltfsliiirch. .Marrh '-? -lloC,'v-rt,pi,
SI'V!,' 2ir"'i A'"rkct flenijv ll,u Slll.7.".
8 111 Hll; hnvy jnrkl. tl.Mlf t l 7S llnht
vorvM.. S17 .VKIIi 7.1. PlK S17W17-S
ii "-hiV ,ANr; bAUbS-It'-'cVi. l-iiiin
h"Ar! Market rlovv. Trip php.-n, St-.10; Inp
' C.M'.VIJS IlfrHpl,. 100 ,,.,,. Mark.!
uti-ailj- Top. IG.riii,
I Knn.iis t'ltj. vtnuh S7 ItoriS nprpipi,
f.lflil hrHil Mnrk.l Kpnirnlh 10i tnw .r .lull'
ral Inn. Sl!7ll. vlur .inp Ion or Hulk of
np. SIS KUti III .111. hpnvi.r. Sl!l .1il ill ;?,
ninltum wphl SlllfMD.II.'i llehts StSliiiti
,IP'.M, IlKliI lUhl. SIS LMJfls T.-, ,m, kinB
Ii -.Mtf I!) S. pK.. S170 1S.VI
f'ATTI.K Hi-iplpt 171)11 hml. CnU,..
' n-pplpls. L'ld tipd Hpf rniilp sIpaiIx In
. Irons nilipr fnt ita.rPii slf-ad . laminrx
npak In 1.1.' Inn.r. fpp'lrrs atPiolv i ,p
lnpr. Ur.iv lv-pf lrr.. 113 linfl in hl
I.P.f ,,.p,.. ill k.lfi 17 :,. h-ilihr .-on. ,rt
hpfrrs tn s.-,lf 1R, (annfra alnl i-iitinra S.I .In
line, iul laln-ii S107.HIU sin. k.r. and
fpp.lpr, Js a.ITi 1.1 71
SIIIIKP ItPt.lpta. 5'J.H) hpo-'l. JlnrlPl
1 pln'v Kat lamla. 'J.lc lnwr. bal erad.a
ilippt. no ahf-pp hrp hii IhuiIis t.Rtnh" SI
pounds or teas. St7.10'Ti" IP 7.1, SI pound, or
hpttpr Ji nmii' i.-. finis ana romninn
mill, oni-s. nipiuuin in rnor
hrrpdlhir pnps SHI lllfl 17..10.
v.int liullaio, -s, i,, Alarm L'. l 'All l.n
ItPCPlpls. III!) hpad Handv. slroriR. olhTs
pd. t'lllv'cj. rti-Plplp. -11(1 head. .Sp.hK .
Mfils
11'iliS -Itppplpt". 1300 hPd Hl'iiilv 'o
'lie inner Hp.iv. StllK.ICl'O. mlxp.l nnd
lorki-rs. S1t 7. Iff ID si. Huh- nrkora. Slstr
i IS J.I. plB. SI7.7.1W1S; roushs. 1.0017.
KlUK tl-V I I
HlinKI' ASH LAMPS Hprelpts, sniin
had. Lnnilia dull 8he'p Hdtvf. Prk.
uiw I an--d
' s. LoiiIh. March 17 1IOCS lldrlpl..
ll.lllill head lllah.r t.lchla. SHI L'.lfir
, ID Its. ilB" $H7.1'ifts b'l'i'lieia JIIMOTj'
111 7.1 hev- SID 7)l 11) Mi
1'ATTI.K ttprplptn. lllllll head Hlradv
S'allvo HlP'-ra S11..HHHSMI hc-lfem SUM)
vrfi. c-on. 10 riil'if lit ,1(1. hlorkPrs and fc-rd
,!. MOiilJ 511 i-altra S7 7.1W1S.
SIIKBP UpppIpI. t.inu lica.l. Stvadv
1 nmh St!) 7.1I I'D na S1JW13.
'?',. '
- V 'J, . V.1
TU '?!?" m
r. v -v,
WmQX STOCK MAR.fcjifd nt
I)caling Slow anil I'rlre Irregulnrj
Oill-Kilged Scrlion Dull J
London, .March 27. Dealings IrtUje-
euillles oh the Ktnek 1-;xclmnge 'todtijr
remained slow nnd the inarkafs an
were Irrrgtilnr, t- J
The lone of Ihe Industrial department;
wns good on the Improvement Ip Hie.,
labor outlook tvul the removal of 're
strlctlSns ngnlnst necessary lssucs.pC
capital. i . "i ,
The gilt-edged section was dull In
nniicipaiton or me nuuget annn pros
pevts for stlffer money rates. Oranrt
Trunks failed to rally. Ths feellnor In
Argentine rails vv'as cheerful on dividend
expectations.
French loans were Rt fie bottom on
the linfavoiable position of exchange, OH
shares were Arm.
Ol'KN LAKE ROUTES SOON
I'uilcH Stale, m Klallili l)IITercntil
I(ale for Hails and Water
n.hlimion, .March ;7 --The railroad!
fiiiiiiiiisiraiion nnnnunceu totiav trial tno
Great li-akes navigation would be re
sumed about April I and It had been rte-"
lei mined lo estnhllsh differentia-) rates
hv sy of tho lakes anct rail routes;,
i onipared wllh ilm pre-war adjustments.
the cllfTetinllAls will be somewhat less
still the leiritnrles Of origin and destina
tion modified. - ,. ",
A plan for establishing1 uniform west
hound service from Ibo Allantif. i.t
hoard to Inlet lor destinations Is imrtoni
I "III Mil III, ., , - .,,.. ( ... , ... m. ..-...-,
HJfiH ""HinpiHiitin ny oikihis or tne eaatcmj
oncrntinp rrploti. 5,
..
ew 5ltnc-k I.iclinn. f
- .....r.
New York, March 27. The flpcluex
change has admitted to the list: Fltlh
burgh. Fort Wayne nnd. Chicago Hall
way Company, J I r.714.'nno preferred
capital tock and J52,43t,300 common
capllnl stock, on official notice af.lsauK
iiiic-H in c-i-iimiiki' inr cuiHinanttig orfr-
I trial stock and guaranteed special stock
I i ommonwe.iltii Bank, Jtnn.ooo capital
I slock.: Wilson & Co., Inc.. $5,080,010
first moitgage H per cent tvventyne-
yc-nr sinking fund bonds, series A. dun
1!M1:. w-ltli authority to add (2.000,000
on official notice that they have been-
1 snui anil passeii oejonil too control ot
I thecmuDany.
IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIHIIIIIIIIIIIIMIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIMIIIIIIIIIIIL!
1 Old Silver Dollars J
coined at the Philadelphia
E Alint nearly a hundred years
E a,q-o. still circulate in the
Dutch East Indies
This city has been trading- with
thejn since 1808'. They import
over $100,000,000 annually.
Mr. Edward I.. Bacher, who
has lived there for several
years, and who knows both
Dutch and Malay, will now be
located in Philadelphia. He
will be glad to give informa
tion to our friends' regarding
this market.
- -
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Corn Exchange National bank ,J
PHILADELPHIA
Chestnut at Second
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FLETCHER FOUNDS FOOD FUND
Htirvaril Gets Bulk of 'Kat Slou-
, ., . . .!, ,,, ,W, 1' . . I
JV Advocates ji,uuu,uuiw i-.si;iu;
Horace Kletiher, more famous as the1
llfe-lnng advocate of "eating slowly"
than as a uillllunalie. has left the lesl-
riue of a $1,000,000 estate lo Harvard
University In "foster knowledge of
heallhful nutrition."
Mr. Fletcher, who died In Cnpen.
Iiagen, IVntnaik, January 12 last, fre
quently lectured In this city. In nts
will he declares that he continued ills
residence lu I'entnark through force of
i ircumstances and alwayn considered
himself a resident of New Vol If. Thn
will was offeied for probate in New
York cllv.
Mrs. Fletcher, the widow, receives an
annuity of J3B0O and the testator'
personal propel ty al Venice. Ital.v
Other bequests aie made to Individuals
and charities. Harvard, which receives
what Is left after IbVse beipiests am
ninvlrieil for. .Is lo offer neriodlcallv
"Horace Fletcher I'rlr.e" for the best
thesis on the sulijecl of "Special uses of j
rlrcumvallate papulli and Ihe saliva of
the mouth lu leguiaung pn.vsioiogicai
economy tn nutiltinn.
WOULD BOOST SHAD CROP
Babv Fish From Tnrrcsiliilc
Swell Delaware Supply
In an- effort to replenish the supply
of shad in the Delaware Itlver, X. It.
Duller State Commissioner of Fisheries,
has made plans for extensive shad prop
agation work at the Torresdale hatchery,
Mr. Buller believes that shad will
enter the upper reaches of the river
about the middle of April nnd that many
nf the spawning fih can he caught. The
eggs wilt be placed In ihe hatchery, and
when the tiny shad develop they will
be released. ,,...,,
Since the expansion of Industrial
plants nlons Ihe river fronts hut few
had have ventured up the river to
spawn. At the hatchery It was ex
plained that the water Is so polluted that
the flsh do not leave the clear water that
Is found below Wilmington Failure nf
the flh to enter the upper reaches of
the river for the purpose of spawning
explains the marked decrease In the
yearly shad catch. '
CATLIN'S WILL MISSING
First Cousin of Luierne County Senator
Gets Administration Papers
Wllke-nrre, !'., March 27. (By A.
p ) Unleaa the will known to have been
made by the late Sterling It. Catlln,
Slate Senator, la found, Harry .V, Catlln,
a coualn. of Montrose. Pa,, will be ad
ministrator of the estate, worth about
halt a million dollars.
Search amone the Senator's papers
has failed to produce a will, and Harry
X Catlln was today granted letters of
administration. Ho filed- a bond for
the aum of J10.000. The personal e
tate Is worth 5(1(I0. and Ihe value nf
the real estate, much of which Is coat
land. la unknown. Besides Harry N
Catlln, there are .three first cousins and
fwn second cuunln to share In the
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Handlina
Heavi Loads
The facility with which great masses of metal are handled in modem
foundries and machine shops is truly remarkable. Immense naval guns,
heavy dynamos, engines and boilers are picked up and carried from placet
to place with wonderful ease and certainty.
Wire ropes, strong but supple, connect the
powerful overhead crane with it heavy
burden. Through them, the lifting power
above U made available below.
Wherever there is a load to pull, to hoist,
to sustain, there you find wire ropes, often
over loaded, generally neglected, (till
"carrying on".
Wire Rope for every purpose. These
grades have been carefully standardized and
the standards are rigidly maintained.
Because wire of suitably high grado for.our
Yellow Strand Wire Rope could not be
obtained during the war, the manufacture,
of Yellow Strand was temporarily suspend
ed but will soon be resumed.
There is safety in specifying B, & B. Wire)
Ropes.
There U a grade of Broderick & Bascom
BRODERICK &,BASCOM ROPE CO., ST. LOUIS se!$tuwSi3..
Factories. St Lends and! Seattle.
ps4i
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