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BUSINESS NOTES
Failure returns for March show the
)Uf Smallest monthly total since such tecords
rV r were first oomnllerl twenlv-ntx eara
go, while the total for the first three
months of the sour was the smallest for
that period. There were only 421
failures recorded In March, asalnst 492
In February, the previous low record
month In a quarter of a century. Lia
bilities for March were $14,035.5511,
which were also smaller than In Febru
ary, although larger than In any of the
four preceding months. ,
Crlppllnr of the Itelitlan textile mills
by the Invading German forces Is spe
cifically disclosed In a report sent to the
Department of Commerce by Consul
Nasmlth, from Brussels. With respect
to the linen districts of Belgium, he tald:
"According to Information received from
the central office 5f the linen, flax and
lute spinning mills, about one-tenth' or
30,000 to 40,000 spindles of the total
number of 380,000 spindles have been
completely destrojed. Of the 340,000
spindles vvhlch still remain, at least one
third of them will be able to work as
soon as coal, oil and raw materials arc
obtainable, which should be In two or
three months.
The Canadian Trade Cnmmlmilnn An
nounces a new ruling under which It
.JwiUj
. I &.1Jll.'ii'aTSlS-.lSt'GV3KllBC--3r,'; "C!j--0WilkT)i.T .ST.7!
" im&$fr-sS32 Ew $$
f mmmmmmmmM:
will be posslbte to resume exportation of
Wood pulp to Mexico. Owing to -on-dltlons
arising out of the wi.r both
Canada and the United States were
obliged to exercise extreme caution as
to permitting the exportation of any
paper-making material The relaxation
Is being made simultaneously In both
countries. .
Operations of teel mills, The Iron
Age save, showed a further reduction
luring the last week of March, the out
put of that month comparing unfavor
ably with that of February. Pie Iron
sellers, It Is stated, have received many i
nijcttiB Hum wiru uiuiiicih uemniiu-
Ing a revision of contracts to conform
with the new price of 14 25 a ton, and
some, of the larger sellers are said to
have granted this reduction,
The annual convention of the South
ern Wholesalo Dr goods Association
wilt be held In Louisville, Ky., on April
IS. This organization Is credteil with
having u membership of 125 of the
leading merchants of the South. It Is
stated that the combined purchasing
power of Its members aggregates more
than $300,000,000 nnnual y.
iK iiiunu m.mt tsr aifriiiinK in
the Philadelphia, New York ana Boston
markets for both light apd heay stocks,
ItHg manu'ueturrrs are appearing In
nnu prices iirnieu up wnaiuertiDiy in me
Inst few dais. Ine 10 i ounce stock
went begging the first of the week at
8 cents, but was barely obtainable tit
A FURNACE
of the Alan Wood Iron(and Steel Com
pany gives an impressive picture of
the modern plant of this substantial
Philadelphia company that has been
in business for nearly a hundred years.
We use it to convey some idea of
the magnitude of the Iron and Steel
business in the nearby Philadelphia
district.
Not including the Bethlehem
section, which is only fifty miles away,
we produce annually in Southeast
Pennsylvania over four million, three
hundred and fifty thousand tons of
pig iron and over four million tons of
steel ingots.
To produce this iron and steel the
railroads handle over twenty million
additional tons of freight, moving the
necessary scrap, limestone, coke and
ore.
Philadelphia is known as the
r greatest textile center in the world.
m It can also claim to be a great iron and
' steel center.
The world needs iron and steel
products, when shipping becomes
normal, the incoming ore and outgo
ing finished product must be sent
through Pennsylvania's only port
PHILADELPHIA.
' The Corn Exchange is here to help
in the development of this business.
USE US.
CORN EXCHANGE NATIONAL BANK
Philadelphia' chestnut at second st.
EV&Nfcr rtJBUO
8 ',4 cents a ardi Hlmltur advances
were noted all along the line.
Ten thoimand, three hundrer bairn of
wool were sold at tho auction yesterday.
The attendance was large and there waB
a strong demand, Good merinos and
fine crosebreds were 10 per cent and
other grades from unchanged to 5 per
cent over the government minimum
price All the allies except America were
bujers.
The railroad nilmlnl.trntloii for the
week ended March 16, accepted 337 cars,
of which twent)-rlve were for tho .New
York Central.
The war trade board laxt night made
public for the Information ofAmerlcan
exporters a list of commodities which, it
lins been Informed, now may ho frcelv
Imported Into England without special
license Instruments and machinery on
the list Include dictating machles tele
phone apparatus and watches, und den
tists" accesiorlei Minerals Include
nickel. oIUe, magnetite and antlmonv
ore Among foodstuffs were beans, ham
and coffee Mlsccl'uneous commodities
i iiiviuutu Liiiciua'KinMI Illllir, tlUcllt.
I acid, emerj and carborundum stone, t
I medicinal preparations containing sugar, j
Imilllilnrl nltiAHintnnviiiil. tfl I ... . ! -
stones aim mates, wuiow, tnnnintj ex
tracts, and wood and timber. Dinner!
and dressed, except box boards and case
boards cut to length and size.
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iliEDGlER-PHirADELPHIA; THURSDAY, JAPRHi 3, 1$$'
GOSSIP OF
EXPECT BIG OVERSUBSCRIPTION
TO WAR FINANCE BOND ISSUE
Bankers Say Only Question Is as to What Proportion
Should Be Allotted to Suhscrihcrs Will Not Affect
Victory Loan Gossip of the Street
fTUIK offering ly the Federal Reserve banks or the $200,000,000 series A
5 per cent ppld onc-ear bonds of tho War finance Coiporatlon was
naturally the principal matter under discussion In Investment houses
vesteulay forenoon. Thero vvns no divided opinion as to tho lisuo being:
largely oversubscribed, und the only question leemed to be what pro
portion would bo allotted to itioso who sent In subscriptions. Every one
t-eemed to be of the opinion that the Issues would not have tho lcist affect
on tho Victory Loan. Most of those expressing opinions on that phase
of the question regard tho Ipsue as too small tc have any effect, while
others say tho early maturity would appeal only to a few Investors and
these would bo among the substantial financial Institutions, like lnsut
anco companies and savings banks
One banker said he could not see how tho issue would appeal to
wealthy Investors. The bonds nro free fiom surtaxes to the extent of only
$5000, an amount which that claBs do not cate to carry as a separate
Investment, and such Investor can find any amount of equally short
term Investments netttnpr around T per cent. They would naturally ask
the question, he said, why should they Invest In a f per cent security,
fiom which the government will deduct about BO per cent of the income,
when as good Investments can bo had at 7 per cent.' He said, however,
that the bonds would likely bo popular for the bmaller investor who
buj s his bonda $2000 or $3000 at each time.
Tlieio was one banking bouse at least which was not paitlcularly
Intel ested, although It had asked for a small subscription. The manager
said ho could not enlliute ov er thee bonds, but he had no doubt they
would find ready purchatets.
There was some doubt expressed as to whether the bonda were
offered In open competition or at par. The chcular on the subject was
not very clear on the matter, but the accompanjlnc subscription blank
showed they wcie offered at "par In $1000 denominations. The commis
sion offered by the W-u I'inance Coiporatlon for their sale is one-eighth
of 1 per cent.
While) the secuutv back of these bonds is haidlj open to question,
a banker called attention to the following statement In the descriptive
chcular sent out by the I'cderal Reserve Bank:
'Tho United States Is not liable for the pavment of these bonds or
the Intcicst upon them '
A lepott from New Voik to the effect that the issue had been over
subscribed was later denied and no olllclal announcement was made In
Washington as to the total sales or regaidlng the time for closing- sub
scriptions. Financial Position of U. S. the Envy of the World
The leply of Secretarv of the Treasury Glass to Senator Calder, of
New York, was commented upon by a ceitaln banker jesterday. He
started by saving that It was a pitv that the Secretarv 's letter In all
piobablllty would not be lead by the people who would be most ben
efited by It. notwithstanding the publicity given to it bv the newspapers. ,
.So far as the banking position of the United States Is concerned, he
said, thero is nothing to fear. Our stiong financial position makes the
United States the envy ot the world. How many people outside the
Inner financial circles know. h asked that we own right here more
than two-thirds of the world's visible gold resources? This is shown by
the statements of the Uedeinl Reset c banks, and they aggregate moio
than $2,200,000,000
Tho total of bills discounted amounts to $2,134,347,000 neatly all of
which ate seemed bj wnr obligations of tho government; the remainder,
$248,107,000, are commercial bills
The reserve note circulation, he said, Is $' 5 Jl, 776,000, against which
the! e Is a net gold reseive of 63 C pel cent, where 40 per cent Is tho legal
jequiiement. This means thut in spito of the heavy government financing
and a guarded uso of comnieiclal discounts, there Is still one-thitd of
the leseivo unemplojed
Nowhere and at no time In the histoi.v of anv country lias such a
sound economic condition prevailed after anj great war, he said, and
nowhero could such results be possible undei anj other sjstem than
the Pederal Reserve sjstem.
It Is tiue, he continued, that this ohowlng proclaims how much of
the liquid Industilal capital of the country Is tied up In government
financing, which at the piesent stage Is necessary, and until war needs
of the government have been satisfied It will not be possible to measure
the possibilities of a sjtsem which can bear the strain of a sudden teturn
from war to peace without showing it
Industrial Alcohol and the Acid Substitute for Gasoline
Some brokers aie wondering if the stoiles about a new fuel, made of
alcohol and cheap enough to be used In successful competition with
gasollno in evcrj kind of motor, aie not on a par with some of the
lecent stories about International Mercantile Marine. One broker said
that it does not seem such a long timo since the reported discovery bv
a Pittsburgh man of a fuel consisting largely ot pure water, costing to
manufacture somewhere in tho neighborhood of three cents a gallon,
was expected to revolutionize tho gasoline business; and since then,
especially about tho beginning of the war, the same story has appeared
pctlodlcally In a different form, but alwajs the 6ame old story.
Up to the present, he remarked, nothing has materialized, even
though some of the discoverers or their promoters claimed what In
some instances amounted to a government partnership In support of
their claims. This latest fuel mav be all right, he said; It certainly
had tho effect of boosting Industrial Alcohol stock for a time. There is
no doubt that substitutes for gasoline havo been manufactured suc
cessfully In n sense, he remarked, but he understood the cost of manu
facture was the great obstacle. One thing in this connection is worth
noticing, he said, and that is, while the stock of Industrial Alcohol went
up, tho announcement Ijad no effect on the oil stocks.
West Virginia Debt Case Finally Settled
After a long series of yeais, during which it dragged through tho
courts, the famous West Virginia debt caso has at lost been settled,
thanks to tho persistence of Brown Brothers & Co. This case almost
l haled the famous case of Jarndyce vs Jamdjce described by Dickens
in his novel, "Bleak House." The following statement regarding the
case from Brown Brothers & Co. is timely:
"Tho West Virginia debt settlement bill, which has just passed the
West Virginia House of Delegates and has been signed by the Governor
of tho state, ends litigation which began a great many years ago and
vvhlch was taken up actively In 1898 by the banking house of Brown
Brothers & Co, who then formed a committee for the purpose of receiv
ing deposits ot bonds.
"This committee in the last twenty jears or more has had a great
many discouragements, but has kept persistently at its work, and through
the diligence of its members and the confidence that holders of the Vir
ginia bonds had In the firm and its foreign connections, it has been able
to gather in for deposits $11,785,239 of the 1871 bonds. Brown Brothers
& Co.'s receipts for which are listed on tho New York exchange, and
$466,120 of 1879 issue, $826,852 of the 1882 Issue and $267,173 of the 1892
bonds, in addition to which Interest scrip of tho several Issues amounting
in all to nearly $1,000,000.
"The largest percentage of bonds turned In to committee came from
holders living In the states of Virginia and West Virginia and from Mary
land. Quito a few, however, were scattered through New England as far
north as Maine. It Is understood that about $3,000,000- were sent over
representing holdings of English and other foreign bondholders. The
total amount of certificates Issued by Virginia on account of tho West
Virginia obligation on the ante-bellum debt of $18,227,153, tho sum of
$15,481,691 is outstanding in the hands of the public, and of these ap
proximately $14,500,000 has been deposited with Messrs. Brown Brothers
& Co."
It Is generally conceded that Brown Brothers havo fought a good
fight, and yesterday many congratulations were received by them for
the success which has attended their efforts on behalf of the Virginia
bondholders.
MERCHANTS:
If you ra a grocer, druggUt, hardware dealer, tobacconist, clothier,
furnisher, Jeweler any ,kind of a ttoraktmper -you shouldn't watt
another day before subscribing to the Retail Public Ledger the now
twice-a-month periodical for merchants out. Subscribers say they
havo been waiting for it for 'years. Not a trade-paper, but an inspir
ing news-magazine that interestingly tells all sorts of things that
merchants want to know. Business problems salesmanship, buy
ing, accounting, the handling and training of help, credits, dalirering,
advertising, collections the Retail Public Ledger tells how they
are all being solved In successful stores. Entertaining fiction dealing
with the sentiment and drama of storakeeping, anecdotes, verse, pho
tographs, news of big movements for merchants' benefit three
pleasant hours of entertaining, helpful reading in every Issue. Sub
scription price, 10 cents a copy, ONE DOLLAR a year (24 Issues).
Just slip a dollar into an envelope, with your letterhead or name and
address plainly written, and It will be sent on the first and third
Tuesdays of every month for a year. Address Retail Public Ledger,
220 Public Ledger Building, Philadelphia, Pa. Do it now!
THE STREET
REJECTION LIFTS
STEEL PRICE LID
Entire Issue Reopened by
Hines's Hostility to
Rate for Rails
PEEK OUT OF BOUNDS
Gluss Stnles Definitcl That
Conference Recommitted
U. S. Policy
By the Associated Press
.hin-,- Ar.n 1 nu-
.. ' c"l,rp
' - "" t.c..uin:iiL in uiiueriauiiiB ,
to revise nnd stabilize prices through tho
induitrlal board of the Department of
Commerce has been reopened a the re
sult of the conference jesterdav over
the refusal of the railroad aclniinltin
tion to accept a new scale of steel prices
arranged by tho board
Secretary Glass, who presided ovci
tlio conference of cabinet office! s and
heads of government puuhaing agencies
with the Industrial board hold In his
office, said today Chairman Peek, of the
board, had acted without authority in
amending tho statement of the lesult, so
ns to make It appeal that onl th dls
Ptite with the railroad administration
had been lecommltted
Whole rrnrrnm TLo.rr,l
mioie irngrain Referred
It was the Intention of tli lonfrr-
ence. Mr Cllass said, to lemmmli ti,
enure matter of price agreements fori
.. - . -
further conslfieratlorf Officials who td' " hither Colorado fed ewes $13 7-.1
ere instrumental in organizing the ,- I ", hYr" " ' J5 ,'"ml" M
clustrlal board said thro never had been 1
any Intention of forcing government , ,I1'"hbJn'7 '' aAJV".1 !,7J?7l!Y"r'"
agencies to buy at agreed prices anil mrkfrs $20 50020 i.ft lluht jorkers. 119 '3
that it would le neccssar for the board 1 2u p' 10 001D5U
to clnngo its course I SI,IKL,P AND '-ambr neriPt too
In connection with the statement 1-, EStf, j'W' " """' " 5'" 'P
sued jesterdaj, Secietar Glass made' fAlAKta Iterelptu 54 head iteadi. Top
this comment $lou
.i."Any. adf,ltlon to ol subtraction fiont Ki-t Riiffalo. April 3-A1Tin-n-tne
statement Issued was not authorized reipts 4U0 head Slow Others actle,
and, In my opinion, the amendment msi "'?"' "f. . .'"rfr'T1"". JOO head
published, does not reflect the sentiment
of tho conference It was the Intention
of the conference to lecommit the en
tire matter to the boaid for further ion
sldoratlon and not meielv one phase of
tho boards dlsagieement with the rail
road administration
"Illegal Trice riving"
Mi Peek's amendment consisted hi the
addition of the words 'with the rail
- ' .- ........ .. ,
road administration" to the sentence an
nounclng that the entire matter had been
recommitteil It developed today that
Attorney General Palmar, who appeared
at Secretary Glass s office just as the ,
conference w as assembling esterdav, left
Ka.A i, . .1 1 j n."". -u
before tho meeting began It also was,
learned that Director General nines told '
the confidence that steel niices had been
ai ranged by the board without warrant
of law and that others present declared
the new prices amounted to Illegal price
fixing
Dlrectoi Illnes indicated that the $45,
$47 price for rails approved b) the
board was higher than that at which
purchasing officials of the rallioad ad
ministration were disposed to buv.
The plan of the induMrlal boaid to re
duco prices by voluntary agreement be
tween the Industries and the government
is predicated upon the co opeiatlon of
all government departments, on the as-
tumptlon that these departments will
buy at the prices agreed upon as fair bv
the board and the lndustrj. It Is the
only definite program for industrial re-1
construction thus far evolved by the
present administration, and until a week I
ago It was presumed that all the govern-'
ment departments would co-operate1
fully,
I ctlon of Conference
With Director General Illnes on a
I tour of the South, officials of the lnilus
I trial board decided to await ills return I
proceeding further conference As tho
result of his arrival In Washington Tues
day night. Secretaries Glass and Ucd
fleld called a conference of all concern
ed to hear Mr. Hlnes set forth the
position of the railroad administration .
In the meantime, Secretarv Itedfleld had
cabled President Wilson asklnp him for
a decision.
The President approved the establish
ment of the Indu&trial board as an ad
junct of the Department of Commerce
and has advanced $76 000 out of his
personal fund for Its maintenance In tho
hopes that the voluntarv reductions of
commodity prices proposed would stlmu.
That Bridqe of Ships
The Sinews of Construction at once became the Sinews ot
War when it was decided to build and maintain a 3,000'inile
line of communication between America and Europe.'
Beginning in mine and forest, every
pound of material In our Bridge of Ships
was handled again and again fay wire
ropcs'-sllently, efficiently, expeditiously.
And as each ship was finished, wire ropes
put aboard the equipment and the cargo.
The mechanical stevedores of our ceat
docks on the other aide, wire rope equip,
ped, are the marvel of France.
BRODERICK &.BASCOM ROPE CO., ST.LOU1S, WxSSmu.
Bioderick6BascomreRbpe
late buying and hasten ine return of
normal business and Industrial condi
tions Secretary Itedfleld said yesterday
that the President had not replied to
the cablegram thus far.
It Is the cUflnlto view here that If the
board and the railroad administration
cannot agreo nt a future conference, or
If the Trcsldent does not force the hands
of tho railroad administration, further
meetings of the board with Industries
will be futile
Cllann Imur Statement
Yesterdays conference was lichlnd
I closed doors, and only meager Informa
tion reeardlnc It was furnished ofll-
l II.. La Cneln . lloBB
Tnc ronow
ine perfunctory statement was Issued
aiier mu cjuiuticttte jiu iujwu...m ....
Secretary Itedfleld had left In dudgeon:
'The steel prices approved by tho
l Industrial board of the Department of
, Commerce not having been accepted by
I tho railroad administration, tho Jews
I of both wero eNpressed at tho confer
ence Tho views of the industrial board
were expressed by Secretary Itedfleld
and Mr Peek nnd other members of the
inausmai uoaru i ne views oi ine raii-
road administration wero represented by
air Junes ine matter was re-commlt
ted to tho board and the railroad for I
further consideration "
The rallro.-ul administration, It Is
understood, standu alono In Its position.
LIVESTOCK QUOTATIONS
( liltmn. April 3 HOQS rteolpts Qli .
000 heait Early trades tmwtlj lOSTlfia
lilghT b it market non ilou and w.ak
I'm S'iBOOc hlBh-r Hulk, Sit) 7B (9 20 -jo,
1ipv S20 188'.,oao medium $Jt ouW
.0 jr. llnht weight Jilt cilia jo ;. nBht
18J5S:0 llavj packlnc noun $lfi JVi
II) 711 packing ao, JIT 75010 pigs, Jjr 75
CIS 7f
CA nn.K ltece Ipta. 1 1 lino lien 1 n.f
htei.ru pood butcher "she Htock opened
Blow Lirly ealea stead) lale. 21e
1 liuhei u.Hij Peer steer choice and
a IS 35 lOinmon SllBOirfU lBhl (,eef
swers Rood and choice MS turn 1 v mm
" "j""1. IKl1"?1 MOWtr, ", butcher heir-
'?. '.' ? U- VS.""' J Veal
t"iiir 10 - us 1 1 tiv.
SHEEJ' Ilecelpts lOOOn head
Mierp
Arrii nun riii nnr se -1 iij r, -ii
IirKJS Itecelpta 1200 head. Actlce PIks
steads othera 25c higher, heavy, $20 75(
21 mixed and sorkers, $21. light jorkers
$20r20ol) Plge, 2U, roughs 17 7Bl$l(j
stags $12015
SHCbf AP I.AM11S Receipts 2200
head Lambs l"ic lower otherM Rtcadj
lambs $13020 25, others unchanged.
St. Iiuls. Aliril 3 HOd"' necelnls in
V10 head Market loner Lights $10 7.-
I 20, plg Jin!1) butchers Jll) 7." '0 "o
1 heavy l20 1Mti2(20 --
I CATTLI-. Receipts 2500 ivid Vlarker
stead) Natl steers tlOSilRso n,f
and feed. .1 uwij 50. cilvis 7 TSJris"
SHni.r- nec-ipis ,-n i,ead Mnrket
Ji'SS5 I'a"'1" ?-0&-'0!:' c"'s "S'-J
a!,,i?", c'vi' iA','r" ,"! ,,,"'2S "'"'o"
cou head Vlarkcl uitlve lOiiJO, higher
.losing strong pigs J"., higher Hulk $10 m
f-0 heavies Jin o-)2C,H) medium weight
111 nu J -" " ' iiKiitn .11, t'f hi o , light
lights $10811)511 pscklnir buna, IIS 75S
10 71 nigs JieWlOf.". ""
C VTTI.i: Receipts 2500 he id and 400
calves reeawrs anu mi riasses stead) can
rrs weak veil calves srv-id) to 2re lower
Heai beef steers. $tri0 2", light beef
steers Wli : butcher, ows and' helf
ers 10
(ft 11 an
reaicalves 7-.Sfn no ..oeC.'e.
stockcrs I
nnl feeder steers S8 40 f, SI)
SIIfcFP Receipts 3000 he-.d Market
steady to higher on fat lambs sheep steadc
to strong feeders rvd breeders steadv
Lames 8t poundB or less $17 t'tcjjn 25 sv
pounds or more ii iuibju ju, ,Uls and
common $14 50fj?17 10 ewes, medium to
choice
113 -'Jro 10 on, urcecunj ewes $10 ro
1" '"
1, n.,,,,1,-. ,,rii a itnncn...i... 1
, lj'roo head steadv to strong; I
' l ftXI1,',1' "T"; T, ','." K-.vn k' i" c?"'n,,1v '
Lru!!, P U J t0
I
1 .. ,.. ,
-"a8e ' ueiineil Sugars
New ork, April 3 ftefined sugars,
are unchanged at V less 2 per cent tor
cash Kiwsareunchangedat7 2Sc.de-
livered
1
Get the Beit; Always ths
Cheapest
m mr pi T. ss
PIPELESS HEATER I
Made In Phlladel.
Phla by the Abram
Cox Stove Co. Write
or phone for esti
mate to
Win, C. Tompkins
Heating Engineer
1S2I E. Sasqnebanns
Avenaa
Ci
From our entrance into tho great struggle,
fay far tho largest part "of allBroderick &
Bascom Wire Rope produced, has been
engaged directly or Indirectly In war work.
There Is a grade of B. StB."Wlro Rope
best suited to Bvery purpou, civil and
military. Our grades indnda th cala
brated Yellow Strand Wire Rop.
"
rtir
LONDON STOCK'lWARKl ,
Sentiment Continues Cheerful-Caw -,
dtan Kails Hard Oils Spotty
London, April 3. A feeling of reservyi- J
was In evidence on the stock exchanged h &
trwlfl nn.l .1... 1..u . . -. ..fiJStfl
Conference at Paris . were watched 8??5
cioseiy. sentiment continued cheerful' - 1'
.i. llomo .J-8"' rallied notwithstanding 'AnM
the fact that the Welsh coal labor situs., tufPt
ClOn lini nrrnln liA.nM ..--..it-., T :
( ntlntllntt folia .. . i . - . 1 'i.1
I-.7..1 - i .."Z. "'" "iru under III J- t:
V Yi1 f?ne" "aneport trading issues,
was spolty1"08 " acthe but ,he ""P
mexican securities were In demand and
moro stafcllltyjvanEhown In mines.
New Delaware Corporations
fi!?i7r' uf'i A"r" 3 Charters were
nn Prlf,.Joda' "a follows: Valverde
Oil Properties. Inc. New York, author.
Ized capital $10,000,000, to acquire oil.
gas and mineral lands and to develop
same (A IV Brltton, Samuel B. How
ard, Paul S Smith all of New York,
Incorporators)
i.ugnieny mm corpora-
tlon. .New lorlt authorized capital $2.
500,000 (A W Hrltton, Samuel B.IIovr.
iiiu, j-h.ui .-i cumin, an of New York, In.
coiporators), and Lutweller Pumolnc
,H,e"t'0'nP,a"',wJ).gton' DeI- au'
thorlzcd capital $.',000,000.
Cancel L'mliargo on All Grains
lilrago, April 1 The railroad ad
ministration todav canceled the embargo
on all grains for all primary markets
and discontinued the permit system. All
conflicting embargoes of Individual roads
wero also canceled Tho markets af
fected include Buffalo, Milwaukee, St
Paul and Minneapolis, Chicago ana
Kansas City.
CHICAGO BUTTER AND EGGS
hleago, April 1 IH'TTnil Recelpta.
1714 tubs Hrm Extra. 0314 c. firsts. 00'
4f1p seconds, 55!Snoc
LC5QS Receipts 25 ItIO cases Steady
Firsts. SSBSD'ic ordinary tints. S8t
;iS'ic miscellaneous. 37 ft 30c.
Kb Splash or Drip
Ko Kink Complete Without Tbtss
Sold sud Installed by
James J. Doody, Plumber
1724 Grays Tnr Ava.
EUROPEAN AGENCY
DESIRED
Lieutenant Peyrot will leave ths
Trench Armv about May 1st and Is cap
ablo of managing a branch or agency
In Kurope for an American firm.
Ten ears commercial and engineer
ing experience in civil life In France.
England and Germany, and four years
In the technical service of the French
Vrrnj.
bpeaks Trench and English fluently
and German sufficiently well.
Thoroughly laminar vvun European
commercial methods.
rni-resoondence solicited from Inter-
1 ested American . companies. Address:
Lieutenant Maurice Peyrot, 2 Hue Mel
Ingue, Paris
FHlLAIJbLfHIA
STEAM HEATING
1879 COMPANY 1919
ENGINEERS JOBBERS
CONTRACTORS
HEATING
PLUMBING
VENTILATING
PIPING WORK
POWER PLANTS
Day and Mlht Telephones
1315 CHERRY ST.
PHILADELPHIA
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