""TH-"-;!." rypjf-. w f Ki lT-"-u A1" v ' v. u EVENING. PUBLIC LEDGEKr-PHIL'ADELPHIA", MONDAY, JULY 14, 1919 17' i ''if. v m EUROPEAN UNLESS PARALYZED INDUSTRY IS RESUMED, SA YS VANDERLIP Noted Banker ays Idleness Extends to Interior and Is Due to Blocked Trans portation and Credit Dif ficulties Declares Germans in Occu pied Territories De stroyed Industries Which Competed With Them in Times of Peace Without America's Assist ance Catastrophe Cannot Be Averted, He Declares ; Views Wanton Ruins in East Poland and France Br FRANK A. VANDERLIP I went abroad to lenrn nt first hand something of wlint the war had done to the finances of Europe. I had Rone but a short Tay In that investifjation before I ncreeivod that there was some- 'thlng far more fundamental nnd impor tant to InvcstiRate than finance. Perhaps nothing worse than national bankruptcy, with its attendant reuiii, rhn hnnnen tn a neonle. 1 believe. How ever, that something more far-reaching and more disastrous tnan mere uuuk ruptcy has happened to n number of European nations. The most'profoundly significant thing that I sensed in Europe is the disor ganization and paralysis of industrial production. The parnlysis is not con fined to the war zone. It extends to the Industries of the neutral countries. So long as it continues there is danger of revolutionary development and of Boishcviitendeneies Wherever unrest;, develops nto bolshevism, that new name for an old disease, anarchy, there danger of contagion, and the disease is liable to spread to adjacent territory. Danger of Revolt Microbe This makes it necessary to regard Europo as a unit In any forecast of future conditions, for no government is strongly enough fortified against the in roads of this microbe of social contagion to permit its future to be regarded ns safe when Its neighbors develop this type of revolution. It Is not my purpose to write nny de ecrlption of the wnr front or any de tailed account of what has happened to Industry In the devastated districts. I motored as the guest of the American, French and Belgian (internments throughout the whole battlefront from the German border to Zeebrugge. It is idle to attempt to picture that trip to any one who has not seen what the desolation of war really means. There is a scar ncross France and Belgium along which devastation is complete villages that are just dust heaps, cities In which not a building remains, acres of land permanently despoiled so far as agricultural use Is concerned. Wanton Destruction I rode for man miles along roads which had been lined with magnificent avenues of trees seventy-fit c or 100 years old. These bad all been felled, and not because the wood was needed. For more than two years they lay where the skilfull German ax nnd saw had put them destroyed apparently in a frenzy of destruction. NEW ISSUE Incorporated under tie Liwi of tie Sttta of Delaware Trtnifer Agents Scandinavian Trait Co., New York Reiirrir Liberty National Bank, Nw York GENERAL OFFICES, FORT WORTH, TEXAS Capital Stock Authorized Outstanding Properties and Production The Brazos Oil Corporation owns more than 13,000 acres of oil leases in Stephens, Shackelford, Palo Pinto, Brown and Sutton Counties, Texas. Stephens County, in which are located tlie Ranger and Breckinridge fields, is the most important oil producing county in Texas. "" The Company now has a production of .approximately 1,500 barrels of oil per day, all from the Ranger field. Earnings The management estimates that the earnings for the first year of the Company's operations will be about $1, 400,000, which is equivalent to $7 a' share on the present outstanding capital stock. The' Company will begin operations with over $1,000,000 of free treasury cash, with no debts, bonds, preferred stock or notes. ' JOSEPH A. BOWER Vice-President, Liberty National Bank, 119 Broadway, New York W. W. COUITTS, Coveriate 4 Coltitte, Consulting Engineers, Treat, Brasos Oil Corp., tt Broadway, Neva York CHAIU.E3 E. DANFOBTII Van Kmbvroh f Atterbuni, s Nassau Btreet, New York HERBERT L. DILLON Eastman. Dillon 4 Co., It Broadway, New York H. O. HOLTKR. Dtrertor Mustriat Finance Corp., Morris Plan Bank of New York, etc., Broadway, New York W. 8. MITCHELL , Preslden t Brasos Oil Corporation. Fort Worth, Texas W. Q. OAKMAN, Director Am. Car d Foundry Co., Z,oulsville t Nashville U.K. Co., (., Ill Broadway, New York A, V. 06TR0M ....... ......... ., President Scandinavian Trust Co., ft Broadway, New York W. W. FICKARD .............. .., Attorney, U Wall Street, New York All of ths above stock ha EASTMAN, DILLON & CO. Homier New York Stock Exchange 71 Broadway, New York jLHthrboT-ttatemtnta although m COLLAPSE NEAR VANDERLIP SAYS IS BOUND UP The truth about Europe has not half beeu told. For five months Mr. Frank A. Vnnderllp, America's foitmost interna tional financier, has been studying conditions in Europe. The result of his investigations has aroused America. N "I have reached Rome startling conclusions," he j. "'"v' declares. "America must understand how her own luture civilization. grasssv ica'B charity wise enough for America is the last hope of Europe." Strong words, perhaps for one of America's most conservative bankers Hut read what he says. I saw broad orchards everv tree in which had been sawed off close to the ground, nnd they still lay there ns they first fell In pitiful rows) although no military engagement had taken place in the vicinity to give semblance of n mili tary reason for the net. I saw great factories in the occupied district of Bel gium that had been operating on Her man supplies up to a few days before the armistice and which were outside the range of nctive military operations, which were systematically and complete ly ripsfrnvpn. cnlmnpvs tonnled over. . , . . , .,.. and .. L.hincry holly wrecked, I would devote n chapter to telling about the systematic destruction of in dustry for solely commercial purposes ; how factories were selected that were competitive to German industry nnd ruthlessly destroyed, while others which weic standing near by and which were noncompetitive were left unharmed. In a kcuse, Germany has won one of her objects. She has destroyed the in dustry of northern France and much of the industry of Belgium, so that no matter how great or in what form in demnity is obtained, these industries cannot be replaced before similar Ger man industries nnd the Industries of other (ountries may have absorbed their markets. In picturing the devastating effect of wnr on European industry, however, one must not confine the view to the Hlndenburg line. There were, great In dustries In Poland completely destroyed. In East Poland there is a tract of land 200 miles broad nnd 400 miles long where the Itussian armies decided so to devastate the country that the German armies could not follow them. There the houses were of wood, and nil were burned. The Russian army endeavoicd to evacuate tnc country of the whole population, and the popula tion started toward Russia in advance of the retreating Russian army. The retreating Russian nrmy traveled faster than the refugees nnd marched through them. Then the pursuing German army Brazos Oil Corporation No Bonds, Notea or Preferred Stock OFFICERS AND DIRECTORS been aold and thia advertisement appeara VAN EMBURGH & ATTERBURY Members Kv York Stock Exchange 5 Nassau Street, New York cot (uarantvtd cava been obtained from -y. FUTURE OF U. S. IN EUROPE'S FATE is Don mi up tn tnc late oi European Without America's help not Am'er- the catastrophe cannot be averted," facts given Mr. Vanderlip. He talked with every important premier, finance minister, big business man, labor leader and important employer In Allied Europe. He found that in England the great controllers of capital and the leaders of labor were keenly an are of the seriousness of the situation. He describes the financial condition of France ns a "desperate cause." Suspended industry, strnngled transportation is the culture upon which bolshevism breeds. America must avoid this. "It Is hard to believe," he writes, "when one sees what Is outwardly a perfectly normal coun try with its people quietly moving about that there may be Impending a catastrophe a catastrophe that may be marching with the grim certainty that marks tragedy. "But this tragedy may he aveited if America Is pressed on and marched over these peo ple. They were left without food, cloth ing or shelter. Four hundred thousand starved. Today that great territory, the size of Kansas, is barren and without means of sustAining life. The Industry of Warsaw was systematically sacked, as was that of most cities on the eastern front. As one moves further south the sit uation becomes little better. Few cities in Europe have had to endure a more terrible fate of starvation than Prague. In Hungary bolshevism has done what militarism failed to do. In Rumania, a purely agricultural country, there were left almost no cnttle or farm machinery. Both in Poland nnd in Rumania more than one-third of the fields will be planted this year. Rumania is one of the great sources of grain exports to other countries of Europe. Her ex portation prior to the war was 100,- 000,000 bushels, including whent, bar ley, rye, oats, corn and millet. The premier of Rumania told me that under the best of crop condition Ru mania would be able to raise this year only a sufficient amount of food for her own population. Serbia was ut terly despoiled. There is choice irony in her railroad statistics. After the armistice there were nine locomotives in Serbia. This horrible story of destruction, however, I speak of only to minimize its extent by comparison. Vast as has been the field of destruction, these devastated areas are but Rcnrs on the face of Europe, and in the main the great intricate, complicated Industrial machine of Europe was stimulated and expanded by this war, which was so trufy a wnr of industries. All Europe Paraljzed If it were possible to show the exact percentage of the industrial life of Eu rope which has been sacrificed with shell, bomb and incendiary torch, It would be seen that the destruction, vast as it is, bears no overwhelming relation to the whole. Why, therefore, should not these in- (No Par Value) 500,000 ahares 200,000 aharea aa a matter of record only official or ethar rallaMa aourcia. dustrles which have been unharmed be set going nt a speed they never knew before In order to meet the insistent demand that the Illimitable needs of Kurope mny be expected to create? The fact is, that in the face of thee Illimit able needs the Industry of nil Kurope stands parnlrred What is It that has laid its hand on industry and at the moment when industry's products nre needed ns they were never before needed in the world has put out the fires, turned off the power, nnd left Industry Idle? The answer cannot be made in a sentence There Is n tragic combina tion of difficulties that has brought this about. I will try to enumerate a few of thes. and let anv American manu facturer try tn imagine his plant faced with such a series of difficulties and answer if he, too, would not have found them too great quicklv to sur mount Let us pass bj the case of these In dustrie in the devastated districts Obviously, their situation alone makes an early lestorntion of work quite out of the question Let us take as an example an unharmed industrial plant in any place located in the Interior of any one of several countries. We must first recollect that domestic tmnsportn tlon is broken down. This is sub stantially true of all Europe. It is lit erally true in many districts, but even where the service is best, dajs and weeks nre consumed in moving freight short distances Then the factory must have raw ma terials, and in most cases these ma terials must come from outside the country Over gieat regions a mili tary embargo still continues nnd raw material could not be shipped if it could be obtained To obtain It, there must be n'rranged in many cases ocean transportation, and ocean tonnage is so scarce that ships sometimes make one- half their pre-wnr value out of receipts of a single round trip. ' Credit Is Solution Hut if tonnage can be obtained and military embargoes do not inteifere there is then the difficulty of exchange and the practical imposbility of credit. All the continental nations nre con trolling imports with a strong hand because eery ton of material that is bought outside of the country increases the difficulties of the government in handling the foreign exchange situa tion. J So the manufaetmer must first ob tain an import license, which is al ways n tedious process nn'd frequently a difficult one After he has permis sion to import raw material lie must get the foreign funds necesMiry to pay for it. Suppose he has done all this and has surmounted the difficulties of ocean and land transportation: he is then ready to start his mill. It may be, If it is located in Italy, for ex ample, that he can get no conl. In any event the price of coal and the difficulty of getting it regularly, together with the difficulty of transporting it in suffi cient quantities, will be a seiious han dicap. Then coincs the labor situation, and nlthough every manufacturer is sur rounded by idleness, in few cases is his labor market favorable. If his product Is one that requires sptvial skilled labor, he finds that his former labor force has drifted away and Is difficult to re place. Always the increased -- ' of living nnd the idea which is universal, thnt labor shall have in the future a larger share in the profits of produc tion, mnkes his new wage scale some where from two to three times his pre war scale, while all over Europe the demand for a shorter day is adding, nt least In the opinion of many manu facturers, to the labor cost of produc tion. Hut now suppose that the manufac turer has surmounted all these difficul ties and has actually started the pro duction of his product. There then comes the difficulty of his market. He again faces the obstacle of broken- down transportation. If his market had previously been in the Halknns, the Near Enst or countries along the east ern front, the transportation problem is at present unsolvable. The diffi culties, even of transportation of mail, nre unbelievably great, and bad as the mail service is, it Is frequently speedier than the telegraph. This is no ex travagant figure of speech ; it is a plain statement of conditions that arc so widespread as to be typical. But suppose the manufacturer has at last produced his goods nnd has got In touch with his prospective customers. If these customers nre In Spain, France, Holland or the Scandinavian countries, they probably have means to pay for what they want to buy. If the cus tomers are elsewhere in Kurope the credit questions involved will be ex tremely serious; and so far as l'oland, Lithuania. Rumania and the fialkan countries arc concerned, nothing but credits will complete the transaction. The credits asked are not short. They are too large and too long for nny manufacturer to undertnkc to carry himself. They are 'not of a character which permits them to be handled as banking transactions. And so there is going on n chaotic scramble of the representatives of all these small countries to create credits In nny form which will pay for goods they so urgently need. Thus we see a situation where the need of goods is virtually without limit, but the diffi culties surrounding their production and mnrketing are so great that up to the present time there is a condition of idleness unprecedented in industrial history. Loans Must be Liberal The picture that has been drawn of the difficulties that manufacturers are facing may seem to be extrnvagant and overdrawn. Not all manufacturers face all these difficulties, but the picture is not extravagant or overdrawn 11 taken as a general indication of the state of industry in Europe today. The great obstacles arc the difficulties of obtaining credits to purchase in foreign markets, the inability to get ocean tonnage, the breakdown of do mestic transportation, labor unrest and throughout the great war area the de struction of machinery 5Iachinery, raw materials and railroad equipment, are the main things that Europe needs and must have to rcstnrt the industrial processes. To get these it is necessary to obtain in the aggregate vast foreign credits. I believe there can be no secure peace until the way is found to supply these credits to all industrial tenters, It will not do to pick out only those districts or those Industries watch may seem to offer the best security, for" there will be security nowhere as long as there nre, here and there, plague centers In which idleness, lack of pro duction, disorganized transportation, want and hunger make a breeding ground for the Bolshevik microbe. Cowrria-ht. 1J, by Maemlllan Company Tomorrow Mr. Vaaderlln -win diaeuss '"BlMkea Arteries of Commerce." Financial Briefs The New Ydrk Subtreasury gained $450,000 from the banks Saturday, making a rash net gain since Friday of ?j,"02,000. Stockholders of Quaker Oats Com pany at special meeting in Jersey City on Saturday approved increase in au thorized capital of $50,000,000 Pre ferred stock Is to be Increased from $15,000,000 to $2.",000.000 and sim ilar increase is to be made in common. The Hnmestake Mining Company for the year ended December 31 reports surplus after charges and taxes of $105,417, equal to $1.21 a shaie earned on the $25,110,000 capital stock, as compared with surplus of $1,105,383 or $4 75 a share in the previous jear Net gold withdrawals from the com bined Federal Reserve banks during the week ending July 11 aggregated $17, 100,000. while gold withdrawals since June 0. the Friday precedjng the re moval of the gold embargo, totaled about SflO.000,000. Total earning assets of the combined reserve banks are $2,520, 007,000. being for the first time in ex cess of $2,500,000,000. Analysis of railroad earnings for first five months of 1010 has been made by the Association of Railway Executives. Reports made to the Interstate Com merce Commission show thnt in five month period the yield on $18,000,000, 000 of railroad Investment fell to 2'. per cent per annum, less than half rate considered by the commerce commission in 1014 rs the danger line. According to renlty gossip, the New York Stock Exchange is completing ne gotiations for either the purchase or lease of the Wilkes building, northwest corner of Wall and Broad streets. The transaction will go through in a few days. The acquisition of this property would give the exchange ownership or coutrol of the entire block on the south side of Wall street between New nnd Broad streets. The commltte on securities of the New York Stock Exchange has ruled that Chicago, St. Paul, Minneapolis and Omaha Railroad Company will not be quoted ex-dlvidend on August 1, and will not be until further notice. London Metal Market New AorU. Julv 11 Cahli- &dlcei re ceived at th New York Metal Exchanir. thU morning- quoted prices In London aa follows Tin Spot, titn. off 5, future, 24', 10 a decline of n, and atralta, 240 a drop of lft Sale Spot, 50 1on, futurea. IS0O tons standard copper Ppot, 07 1R a sraln of Ha. futuree. 98 10 a tain of (2 ISa Sale. 1500 tona. Electrolstlc cop per Spot. 100. an advance- of J future 107, an upturn of 3 Lead Spot. 21 na luture i-m , na. noin uncnanfred opener wpoi hi i.ta. tures. 42 15s. up 10a a a-aln of 8a, fu The following Property Net Earnings Seven Times Dividends Net Quick Assets $121 Per Share Total Net Assets $359 Per Share Maintenance of Net Assets Philadelphia Markets GRAIN AND FLOUR WHEAT Receipt 32 004 buah The mar Ret ruled firm The quotatlona follow tar lot in export elevator, aoernment standard !nprtton alandarrt price. No 1 r,'1wln."'r " 1", No I southern aprlnir IJ 30, No 1 hard winter 2 3d No 1 red yr,!Ii.,.'r'. "fllcki J2 a; No 1 red, amutts J 3 No .1 r.,1 ulnter. $2 38. No 2 north ern aprlnr 2 3(1 .- 2 hanl winter, J 3(1 No 2 red n Inter a-arllck J2 34, No a red smutty $2 3.1 No 3 red winter 12 3 No 3 nothern prlnt $2 SJ No 3 hard in If' I- 3?' No J "" winter. arllck 2 30 No 3 red mutt 12 2H tower sradea on their merit COflN -Itecelpta none Supplies were small and the market rolid Arm hut fiulet vie quote yellow In car lot for loml trade aa to quality and location at 12 10182 14 per bush OATS Hecelpl (175.' bush 1 he maiket luruier anlmireri .. ,,tm4.. Ilvht nrr.rlnn. and itroneer outside adWcc but trade nasi quiet Quotations rr lot a to location .-oo I lnil N7'4 ffrSSr Wn 2 while a? it llb&W Khlt' ! i'l.Ol It Iterelpt. IPO lb in ack ' hut mill limit , rnn nitnlnMnn. .. -- MSfSOHc. No 4 whltt tt? .i. n Th mnrkut wa fiulet ". "" "Ciriuis irn IIUIO HII1 I 111' sustained ner IM 5 . ,,S ,u""v", iijnr.ne polatoe Norrollt per hbl No 1 ., , in WlntJr .irTiiW ln .U0'p.nH!"2&li? rk' I No 2 It I HlilMUr I'ennalanl per bhl -lin7CTif,TM "tern, f 10 7B 11 . uerhi . .' 2.".ff .' 7 V onion. New J-m. Vr M Iiuiillitll Kansas straight 1 1 1 SO 0 1 1! 21 ' m SlSunlDn J?. "!,0il.IU,''n,. m!-' 50. .print, short l " "" ' ' " 'J nrrlxe 5''n t2ff12f.(l do. pat'ent'lll tISifrl.' mi. I LOlft Sold slowly at former rale VV a- quote at 18 2UST8 75 per barrel In saiks. as to quillt PROVISIONS .,Th' market ruled firm with a fair Job nina demanl for most descriptions Quo ! . J3"f ln ""a amoked nnd alr-drled :?5'i . i?cltlai and tenders smoked nnd atr-ilrled 5.,c pork famlb 6llr ham cur!;d,i l"0'" as1 SVt'jc do. skinned looae. 3tlH4T374c. do smoked Wt 8?41c. nam, boiled boneless 5tlc picnic shoulders. HI' cured looae, 2t do smoked 30c. bellle In pickle looae 35c breakfast hacon 42i lard 36c REFINED SUGARS nrrerinp .-.. H..V,. -, .u . . unchanged ,n ? k'V1 "J")."1. "i""'1 ""' i.5 "d n b""3 of l,c tor nn" enmu '"'a . DAIRY PRODUCTS ni'TTRK The market ruled firm and Jc hlsher Quotations holld-packed ireamer fhi"!.,.'0, nlJir-orln- aocis jiior.St 54c firsts 5JiH53c seconds nnvsu sneet ireamerj rnolce to fancj S7fiMi. do fair tO KOod -iJW.Ilr JOblilns- at IllRCSc fair to iholce .MiiWli lancy brand or print r.ut i-Toe new laid esss wer arce and Arm but there were free orrerlnc nf unattractive stock which was slow of sale and Irregular In alue Quotation Pree caaea. iienrbj 11." per irate, current it cclpta 14 40 western extra flrts 111 per case flrat $14 4(1 nearbv and wesurn aecond' fin so (111 (,0. fancy selected cues Jobblne at 57$r59c per doten CI1KKSE The market ruled l-rin n Ith demand abaorblne the limited offering Quo tation New "iork and A Isconaln whole milk (lata current make func I2W Q 33( . aperlala hlRher. New York and Wisconsin, whole milk flat current make fair to g-ood, 31H 32(, Jobbing- sale of fancy irood 331? 0 34. POULTRY I.I I' Heceipta were Usht and fowl were BR-aln lc hUhet with demand falrl acthe Other klndl of poultry were unchanged Quotation 1-owla via fvprea lll'fl!40c sprlnir chkkena broilers not LeBhorns r low- skinned. welKhlnc ls4tg-j ib HPle,e 5inRT..'c exceptional lots hlsher spring chickens, broilers nnt l.eghotn jrllow skinned weishlnc laiT'J lbs apiece 451? 4!c sprlni? chickens broilers not Leghorns vellow skinned weighing: lljrl1 lbs anlei-p 401I44e whits leghorns ellow skinned weighing It7f2 Iba apiece 40ff?42c white !echorne ellow skinned smnlKr sizes Is 40c, roosters' 23024c. ducks l'ckln. 274T 2se do Indian Kunner 25(Ti:27c geeae 20c pigeon old per pair 4U$l45 do oung per pair S-,(IT40( imr.sSCIi The. market ruled firm under moderate offering and n good demand nnd nrlie of fowls and rooster advanced lc Quotations Fowla, fresh-killed drj-plcked. l Nixes weighing 4 lbs and mer apiece 87Hc -welahlne 3)4 lbs. 3-HEr38c weighing 3 Ib HPlece 3251 33c smaller sizes 30ff 31e. fresh-killed in barrels fancy drv plcked weighing 4 lb and oer apiece '17c weighing 34 lb apiece, 34T3"c weighing new ISSUE $17,500,000 The Steel&Tube Company of America 7 Cumulative Preferred Stock Preferred as to both Assets and Dividends Redeemable as a whole or in part at. 110 and accrued dividends on 30 days' notice An annual sinking fund of 3 of the total amount of preferred stock issued provides for the purchase of the issue up to the redemption price Dividend payable quarterly, January, April, July and October 1. Par value $100. Total Authorized $17,800,000 Central Union Trust Company of New York, Registrar. Mercantile Trust Company, New York, Transfer Agent Free from United States Normal Income Tax ' Application will be made to list this stock on the New York Stock Exchange information is summarized from a letter from the President of the Company: The Steel & Tube Company of America is one of the three largest manu facturers of steel pipe and other tubular steel goods in the United States. Its properties are entirely self-contained and independent, the company owning and operating all the units from raw materials to the finished product. Gross sales and net profits after payment of fixed charges and federal taxes, available for dividends and depreciation have been as follows for the last three years: Net Profits for Dividends after Year to Dec. 31 Sales Fixed Charges and Taxes 1916 $30,083,525 $6,367,885 1917 43,218,016 6,755,033 1918 58,058,598 8,622,200 The 7 dividend on the preferred stock amounts to $1,225,000, and was thus earned over (seven times last year, and an average of nearly six times for the three-year period. Future earnings will be substantially increased through the operation of recently com pleted plant additions, representing expenditures during 1918 of about $15,000,000, from which no earnings are included in the statement shown above. The financial statement, after giving effect to the proceeds of this issue, shows net current assets of $21,126,648, or $121 per share of Preferred Stock. Net tangible assets are shown as $62,834,262, or equal to $359 per share. The company agrees to maintain at all times net tangible assets of at least $300 per share of Preferred Stock, with net quick assets at least equal to the total par value of the outstanding Preferred Stock. We offer this Stock, subject to approval of legal details bj our counsel, and when, as and if issued and received by us. Price 98 and Accrued Dividend. To Net Over 7V8 Wm. A. Read & Co. Brown Brothers & Co. lbs Apiece. 3lS2c, smaller b.mb 2ft I 30c, old rooster, dry-picked 28c. broilers tiPHfliV (VJ i (life do UMlarn 4T6$Tt()a flprltiK ducks Leornx Island, 3r.c, fuabs, per dnzen, whll, weighing; 11 fa 12 lbs per rtojeen, $ CO 00 55. do do weljjMmr 0lf lbs Der do7Pn. $7 r.O'trH '."i do do welRhlntr S lbs per dosen. l((0 7i do do wtMRhtn 7 Itn pr dozen $4 fiOiJIS r do do weigh Inp (IlZd1? lb prr dosn f J VKM rfl diirk M 'fOff'-' i'.'i small nnd Nd . oo $. FRESH FRUITS Arrival crf more liberal nnd som varieties were a hn.d 'nslpr but ni r lod flsures lhr" wan fair d mind for rholcp stfK k Quotation Applet NJ 1 per basket t"iijr?$l 7."i Cantnloupe Tallfornla per ( ratf i'tfri ft 2 do nouthf-rn per rrt. M 2tfT2 nil W alrmlon Florida ppr ear jnfifHUO nuokbprrips pr quart IWliOf I'enrhcs, (leorgla, it rate, II JJ -" Huckleberries pt quart JOW27P Hasp harries, red pp r pint 1 2 5? 1 "r Onostebrr rles per quart 8(-7Hr urnnls per quart lSftilUc Lemons, per box V,ft 4 70 Ornnffea, 1 ttllfornla, per' hot 11 l"" 7 VEGETABLES Potatoes nlons and cabbage old falrl mi una sllcht lv higher ts It and ruled Arm supplier -well under ( ontrol Quotations White potatoes. North Carolina per bbl No I H T.IOl! No 2 .' -iMIVI White pototoe Katern Shore Virginia per bbl No i M ;ien w No 2 .' r.iijrs .in ivim polatoe Norfolk per hbl No l l.i , iSin BUTTER, EGGS AND CHEESE New ork. Julv 14 MfTTKR 1teiid nn cUtles Iterelpt 1", 111 tub lliah wcotlnir 45:".M etlrie 531lffi54r first" "lB'.V seconds I'lffWiPl tat dalrv "3 mm r rot!1 Irregular Receipt 1-0 fase I n sll fathered extia 51 1l , tr tnrnK nncked extr,i Urate 4?ffMf dlrlie No 1 SMI itlr No 2 JSffaic flrt 41fi4k C( ond 3151 IJc, check" 31P.Uc ehe, k un derKrade 20(ii30 state and neurbt hen nr while -,l.rflt2t cathered whites tlfl 5K, western whites I7tfir"c Parlflr ,olsl V.'n ',7c wretern and southern pathcred v hite 4lr-i7c state anil nearoi nenneri I brown f,IJT5nr Gathered l-,ut 1 K7i r fair to nrlme 44fi4lr un nn l mixeo ClIKHSn I-Irm llccll.ts 3211 l.oxe 1 at current make colore i aerRtre tun IPiffVo flat t urrent mal,.- whites cr ,50' run ui4032r colored .peilal 1-". lft5J.c white epe.lal 3J'. ?i3iai - Julv Grand Jurv Sworn In Jul' ""n0 Jur aworn in 111(120 Diuis. ".ittinc in (Jiinitn Scs- "i'm! ( otirt Nn 1. tixlftl nnpointcrl ,"!,, I I' Willimsnn insnrnneo L'tlS " " . - . I I'rncker stieet. foreman nf the Julv Rrnnd Jur.v The hodv. nfter receiving their intrtictinnt fiom the murt, re tired for deliberation A two weeks ses sioti will be helil be the jtitnrs. during which time thev will pass upon indict -moots and visit public institutions. JULY 12. 1919 Messrs Mauran. mulford a Company, too Liberty Building. Philadelphia, wish to announce the dissolution of their copartnership.; Mr Arthur W.. Howe, a member OF the firm will continue in the brokerage business at the same location, as representing Messrs A. A. Housman a Company. 20 Broad Street. New York BUSINESS NOTES Iinpnrta of crude rubber Into the United States during the month nt .Tune Inst amounted to 10.310 tuna, a decrease of S3 per rent or 780," tona, from the1 corresponding month ln 1018. Over 80 per rent of the imports received in .lime this j ii' was plantation rubber, rhloflj from Singapore and Colombo. limitless ln elctrlcnl Roods In the t'nlted State In reachinc new peaks, nnd present signs indicate that 1010 will be n record jear. Orders taken In i IMS amounted to SI .000.000,000, but only nbout S7."n.000,000 of merchandise wns actually billed. Canning clams in the shell Is the Intest Maine industry. An experiment wax made nlonjj tills line Inst year by n Maine packer of foodstuffs nnd the results were surh thnt he will put up several thousand cases; the present year. A small shipment of platinum on the Hritili dirigible R-34 was the basis for the hrst American surety business in connection with aircraft transportation. 'Hie Culled States lias 500,000 acres of sugar cane this year, ns compared with fi'JT.OOO, the revised estimate for last lear. according to reports from field agents of the bureau of crop esti mates. I'nited States Department of Agriculture. The price of quicksilver has been re duced S-4 bv leading selling agents to the b.iis of S103 per flask. Financier a Suicide New York. July 14. Louis H Moss, southern lepresentative in New Orleans; of the Mercantile Hank of the Americas, shot and killed himself in a loom in the Itretoort Hotel esterday He left notes for his wife and his brother-in-law. Lightning Causes Two Big Fires Huntingdon, W. Va.f July 14. Two files, which started simultaneously here Sunday, destroyed three buildings in the business section nnd damaged the Armour & Co packing plant. The loss is estimateil nt more thnn 5400,- 000 Lightning was the cause of each bl7e A. fcV.fcttt' sSU-...-' :.& -M.M M l W ygjyr'; 'V !V' Br, n W'.' "-. Vn fly, T C :. e ' AV-j' V . I - "H -B, T ' .J- - v H " "(J CL .lil Ml. i.-. - I" ' ' -n ' . .-, " Vin 'HrOl-' Al t.f' , ..-.. j .v v rV n ' ' .J i
Significant historical Pennsylvania newspapers