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EVENING' PUBLIC LEDGER-PHILADELPHIA, THURSDAY, SEPTEMBER 18, 1919
19
UW& vBP&ptyfiy-4m
IV
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fa I !- I II l I I- I. -
EIGHT unusually
..,. attractive Tax
Exempt New Eng
land Issues are
descriKed in our I
Current Bull-tin. !
ihese oeicccd i
I fcu's are pat-
icu arly d s tabic
for discriminating
inves, tots and yield
Jill i 111 I
1 by2to8 j
111!
Write today for 1 I
Bulletin FPL-34G
EolUstenWhite&Go.
HI North Atatricin Bulldlns H I '
PHILADELPHIA I
III Bottcn Provlienc SprlnrfleM III
Facts for
Investors
Many an investor is un
certain regarding the
comparative merits of
securities t h a t seem
attractive. In order
to reach intelligent de
cisions it is usually
necessary to take ad
vantage of a distinc
tive service such as we
offer. We are pre
pared to give infor
mation regarding the
properties, earning
power and records of
every corporation
whose securities have
a reasonably active
market.
Correspondence Invited.
6HANDLE3&G0MPAHY
rr&nklin Bank Bldg.
Philadelphia
s Hum Yon. Rortos
YIELDING
ABOtfT 6V8
First Mortgage Real
Estate and Sinking
Fund Bonds of a con
servative growlngccm
pany. Their Junior se
curities have a market
value several times the
value of outstanding
itonds. Earnings ex
ceed Interest require
ments several times
over. Pennsylanla tax
refunded. Company
pays Normal Income
Tax of 2.
Further Information
gladly furnished.
Investment Bankers
Real Estate Trust Bldg.
Philadelphia
American International
Corporation
A brief though comprehensive
analysis of the affairs of this
important International enter
prise is the leading article in
tho current number of our
Market Review. Tho article
deals' with the history and or
ganization of tho American
international Corporation, its
business and subsidiaries, in
come, earnings, dividends and
general outloolj.
Other securities aro also dls
cussed, including
Commonwealth Petroleum
Famous Players-Lasky
Sinclair Consolidated
Bent on request for P-137
HUGHES & DIER
1438 Walnut St, Philadelphia
Kerr York Office 50 Broad St.
Atme Tea 1st preferred
IS. O. Hadd preferred
rules HerTlce com., pfd. & debs.
Klrby Lumber common
American Hallway 7b, 1012
American Gas Companj ?, 1325
MCowit&Co.
rocurtBlM Land Title Bldg. Bac. Ut
Hmo York Tel. Connection Uanoicr 6161
E. a. Dndd Slfr. Co. 6s. 1930
Metropolitan Kdlton Be. 1823
Phlla. Snburban Oaa & Kler, js, XBUO
CioTiia nr. & rower Be. 1931
renna. Meter & Power Si, 1010
HENRY D. BOEHNINQ & CO.
Member PMUl. Btoch Exchange
STOCK EXCHANGE BUILDIX1
Direct PrlTate Telephone to Weve lork
Clvrelana, Cln
Cble. Jb HI T. A. 10a
PWlada. Boba
urban Gas A Klectrlo fia. iftfln
Allied Packers, Inc , 20-year B. V, , 1039
Kansas City Oas Co. 1st Mtce. Ss. 1822
Scruton A Pmston Tract on Co. Os, IMS
Penns, A Mahonlnc Valley Br. Ss, 1822
Waterloo, Cedar Falls A Northern 6: 1040
Samuel K. Phillips & Co.
607 Chestnut St.
BUSINESS NOTES
While the Japancso raw silk market
is firmer, thcro has been no change la
tespect to prices, according to cable
grauia received jesterday Slnsbul No.
1 is being quoted ut 22S0 iu Japan and
at $0.C2'i in this market.
To copo with tho sronlus problem of
proper vages for department store em
ployee, the directors o the National
Retail Dry Goods Association have ap
pointed a special committee to investi
gate 0C conditions of both celling
and nonselling help in the department
stores of the country. An expert will
bo engaged to gather data on the sub
ject, and the committee's future actions
probably will be based upon the report
submitted by this Bpecial investigator
Importers and dealers iu natural
dyestuffs 6tato they are experiencing
an excellent demand for virtually cnry
product used by tanneries. The un
precedented demands for leather bare
stimulated production at the tanneries
and created a good call for dyeing ma
terials. Dealers hava been intomeni
enced by a shortage of supplies of sev
eral important items, especially log
wood, fustic, Dutch madder and divi
divi. .Manufacturers of silk skirls are
adopting many innovations in their ef
forts to supply the ever growing de
mand for their product. Decreased
production by the mills making shirt
ing fabrics, in th9 face of tho enor
mous sales of shirts, has caused the
manufacturers to substitute various
c.oths for the regular materials that
oidinarily go into silk shirts.
In tho course of the next few months
be American Chamber of Commerce in
London should be in-possession of some
fairly accurate information as to con
ditions in the dye and chemical indus
tries in Germany, according to reports
received on this side. -Two investiga
tors representing the dye and chemi
cal trade group o the chamber have
started on a tour of Germany and Aus
tria, and they may possibly visit cer
tain districts of Russia. These men
will make a particular stuay of Ger
man methods of production and the
possibilities of Germany's import and
export trade in dyes and chemicals with
the United Sta'tcs and Great Britain.
An analysis of the woolen situation
in England discloses that conditions are
not as bad as they would seem on the
surface, for despite the hue and cry
that merchandise is scarce, the fact is
that the u-ual amount of goods are
being obtained, the shortage impression
being treated by the demand being al
most doubled.
Desplto the grumbling and complain
ing about high prices, the public is de
manding high-grade, expensive shoes.
Orders received by the manufacturers
indicate that there does not appear to
be the slightest disposition on the patt
of the consumer to accept solid, terv
iceable, staple lines of Ehoes.
Judging from prt.st.nt conditions In
the men's clothing trade, there will be
no gap between the winter and spring
manufacturing seasons. Heretofore
there generally has been a lull in the
market, extending from about the mid
dle of December until the middle of
January, but the extraordinary demand
for merchandise this season will elimi
nate this let-up in manufacturing activities.
EDGE URGES SPEEDY
TREATY RATIFICATION
Does Not Object to League and
Believes Majority of Sonutora
Tako Similar Stuml
Now York, bept. IS benator
Waller E. Edge, of New Jersey, speak
ing before tho American Manufactur
ers' Export Association at a luncheon
yesterday at the McAlpin Hotel, urged
a speedy ratification of tho peace
treaty.
"I have" no objection at all to a
league of nations," tho senator said.
1 Hitter wltn some or my colleagues in
that regard I think it will wield a
moral influence in the world's affairs I
want to see our country a part of it.
I. don't want to see America eade anv
responsibility. She didn't in times of
war; she mustn't in times of peace. I
am. therefore, one of the senators fa-
vorab'e to a quick ratification of the
rjeaco treatv. but with sueb reservations
as tho President states aro already con
tained in the document
"I am very happy to ftate that I
believe a decided majority of the Senate,
irrespective of political division, has
about reached the conclusion that it is.
the real American thing to do."
WILL LAY OFF HARLAN MEN
Eighty rlundred Employes at Ship
Plant to Be Idle 80011
Wilmington, Del., Sept. 18. Eight
hundred men. or one-sixth of the force
of the Harlan plant of the Bethlehem
Shipbuilding Corporation hero, nlll be
laid off within the next six weeks, ac
cording to an announcement made at
the plant. This is due to the fact
that No. 2 way will be vacant at that
time with no new contracts in sight. It
was announced the plant has lost con
tracts for two 7000-ton ships because
the price a ton, as figured by the Wil
mington estimates, was too high.
The attitude of the meD was blamed
by an ofhcial of the company, who
charged they are "lying down" on
their jobs. Ibe percentage of attend
ance for the riveting gangs last week
was oniy ia per cent, lie said, wnlcn
makes the cost a ton soar, as the over
head is the same no matter how meny
men report in the morning.
"Last week Jii'i men were late In the
riveters' cane a'one." he said. "When
a man is only a few minutes late, he
often loses- an hour looking around for
his tools That is also very expensive
to the company. '
LECTURER FOR SIXTY YEARS
Dr. Russell H. Conwell Will Speak
Where He Started Career
The Rev. Dr. Russell H. Conwell
will celebrate his sixtieth year in the
lecture field today. Doctor Conwell is
pastor of the Baptist Temple and presi
dent of Temple University.
Ho goes today to Westport, Mass.,
to speak on the very platform where
his lecture career hecan. His first
ifcture was "The Philosophy of His
tory." "I was young then and knew much
more than I do now," Doctor Conwell
said humorously, as tie tpoke of his
anniversary "Ote thing is certain, I
don't know anything about the philoso
phy of history now. It was very clear
then."
On October 4 Philadelphia friends of
Doctor Conwell will obscive the fiftieth
anniversary of his delnery of "Acres
of Diamonds," probaDlv his most popu
lar lecture. He will deliver.lt the night
of October 4 in Baptist Temple for
tho 5R30th time.
Announcing a Contract
with the PVillys Corporation
THE WILLYS-OVERLAND COMPANY has
made a contract with the Willys Corp6ration for
the manufacture of a new light six-cylinder car which
will include many distinctive advantages. Among
these are the new spring suspension which has been
tested for two years in connection with the new Over- ,
land Four now being prepared for the market.
Because of the great demand which exists for the
new Overland Four and the ,new Willys Knight
model, which also is to be on sale early this Fall,
manufacturing plans for these two models completely
tax the facilities of the Willys-Overland plants. The
contract with the Willys Corporation is made ifffcwwua
order that facilities may be provided to f?ll the great
demand for a light weight, economical six-cylinder car.
It is expected that the new Six will make its appear-i
ance on the market in large quantities in 1920.
The Willys-Overland Company, through whicli
the sale of the new Six and its parts will be madfc
exclusively, will organize, a separate unit for th
marketing of this new product.
The Willys-Overland
Toledo, Ohio -
FINANCIAL BRIEFS
The committeo on securities of the
New Tork Stock Exchange rults that
transactions in the common stock of the
Punta Alegro Sugar Companj, on Oc
tober 1 unless made spccificrlly for
nne.li. oVinll hn pt rlclitK TUflltS maY
bo dealt in on and after September 18r
Stock of the Delaware and uuasoii
(".nmnnnv v. In minted rs dividend on
September 18, and that all due bills
must be received on sepitmoer ...
The zovernlnz committee of tho Phila
delphia Stock Exchange resumed reg
ular fortnightly cessions yesterday
afternoon following the summer recess
Tho following memberships were posted
for transfer: Harold Ji. reinsou. ac
cessed, to Edward B. C Ljncli; Louis
M. Josephthal to Samuel M. JlcCrcery.
and Charles L. Matthews, deceased, to
Robert M McGarvey
The New Tork Stock Lxchange has
fAtAft-.! thr fnllftwinff nnnlicntions to
list. Fairbanks Company, $12,000,000
8 per cent cumulative nomoling pre
ferred stock, and Braden Copper Mines
' laterai trust 'fifteen-year 0 per cent
Company, ?4,453,UUU additional coi
6inking fund coupon bonds, due 1031.
Tho average price of twenty active
industrials declined 1.S0 per cent yes
terday to 107.55, while twentyrailroads
declined 0.31 per cent to SO 32
The old adage "Whatever goes up
must come down" is ftrikinnlj exem
plified in the skyrocketing and collapse
of a number of .specialties which were
brought into the limellgnt reixnuy.
All the assets. and good Mill of the
Coca Cola Company of ueorgia nat
been taken oer by tlio uev concern
the Coca-Cola Company of Delaware,
and the organization of the latter ubs
,-ii t- it.. -I-,!.,.. -. V? W
Woodruff. E W. Stetson. S. 3. Dobbs.
C. II Candler. Harold Hirtfch, E. V.
It. Thayer, W. C. Bradlej, touis Lig
gett. W E McCaw, T K Glenn,
James H unnally. It. W. Atkins, M.
H. Callawaj and W. C d Arcy to thi.
board of directors.
The New YorL subtreasusy gained
$3,229,000 from the banks yesterday,
making a cash net gain since Friday of
56,490,000.
INDORSES "CAVE GIRL"
"Frlvolouo Woman Wltfi Penchant
for Company of Young Men" Rapped
New York, Sept 18. Women were
warned at yesterda's session of the in
ternational conference of women phvsl
that the "most neglected health
habit' is proper exercise Several
speakers urged the necessity of womf '
paying more attention .to lecreative ex
ercise, and games wera especially recom
mended rather than formal gymnasium
work.
Miss Estelle Bertine, a physical di
rector, compared the "frivolous girl
with a penchant for the company of
young men" and the "sensible girl with
out-of-door propensities. The latter
was referred to approvingly by Mis
Bertine as "the cave gill.1'
Dr. Agnes Burns Ferauson, director
of the bureau pt recreafiou in Pitts
burgh, decried the fact that so manv
municipalities appropriate money for
playgrounds, but scarcely any for intel
ligent instruction. She recommended
srvmnaslums for corrective nurnoses. but
declared games were the ideal form of
exercise for noimal persops
CITY PAYS LAWYERS' BILLS
Mayor Smith has approved bills pro
viding for the payment oE a number
of 'ong-standing c'aims of aitorutv who
conducted suits for tho city. Those
who will beneht ne Denijtv Hn-nev
General William H. Harg.st, $25,000;
TTnniet S Pierson widfjn of Miior
Ward Pierson, $0500; Mrs. Bellas,
widow of Harry E. Bk-llas, $4000;
Harold fc Shertz, S650D, and Ira
Jewell Williams, $5600.
Co.
WANTS WOMEN STUDENTS
1
Hahnemann College Official Says
They Must 80011 Be -Admitted
Hahnemann Medical Collego must
toon open its doors to women ctudents
if it is to retain its present high place
among 6uch institutions, Ernest L
Tustiu, mco prctid'.ut of tho board of
dircctora of tho college, believes
Uo announced his tomictiou at the
banquet in connection with the fifty
sixth annual convention of tho Homeo
pathic Medical Society of tho ctato of
Pcnncyhania last night at tho Hotel
Adelphia.
"Hahnemann, ' Mr. Turtin taid,
"must keep abreast of tho tinier. It
can uo longer discriminate against
women students. Women belong in tho
medical profession."
Dr Mary RIdgeway caid she believed
the opening of such an institution as
.ulincmann Collego to ornen would
prove a great btep forward in their
work iu medicine
Other speakers pointed out tho need
of doctors in small. towns and tho ad
visability of registered pharmacists
keeping listc of persons willing and able
to submit to blood transfusion opera
tions so that such persons may he readily
attainable when needed
i
CITY WORKERS ASK RISE
Electrical Bureau Employes Petition
Councils for More Pay
More thau 350 Electrical Bureau cm-
j ploycs at a meeting in City Hall passed
a resolution asking Councils to appro
priate suflicieut funds to increase their
pay 30 per ynt Tho petition read, in
part, aB follows '
"Whereas, Tho present rato ot pay, 1
both salary and per diem, is inade-1
quate to the character of the service 1
that wo are called upon to perform as
employes of one of the most important
bureaus in tho city ; and
"Whereas, We have received no
increase of ray commensurate with con
ditions during the last two years ; there
fore, be it
J'ltesolved That employes represent
ing all classifications of this bureau pe
tition the finance committeo of City
Councils favorably to recommend an
increase to the amount of 30 per cent."
There are about 360 employes in the
bureau. Petitions were mailed direct to
every member of tho City Councils.
NEGRO EVANGELIST HERE
Washington Pastor Making Nation
Wldo Canvass
The Rev Dr. Simon P. W. Drew. I
pastor of the Cosmopolitan Baptist
Chunb of Washington, D C. and
bead of the White Cross 1 rce Labor
federation Bureau of America ad
l", 7 "mss """""B li't night at
locDmiouiiapiatlliurcli Attbcmc-t Thurtdaj iu-tho Firat African Baptist
ing many men and women slgued tbt. church, bhtecufb and Christian
petition in the interest of whhh thelbtrcelt
NEW ISSUE
EXEMPT FROM ALL INCOME TAX
$1,092,000
Essex County, New Jersey
4 Percent
Hospital and Road Bonds
LEGAL INVESTMENT FOR SAVINGS BANKS !N
NEW YORK AND NEW JERSEY
At.e.ied Valuation 5080,560,940.00
Net Debt (including this istue) 10,374,732.25
Ratio of Net Debt to Assented Valuation less thau 2 Per Cent.
Population (State Census 1915) 567,270
Legality of this issue approved by John C. Thomson, Esq., Now York City
Prices to Return 4.40 Per Cent.
MATURITIES
HOSPITAL BONDS
514.000 due each year Augut-t 1, 1920 to
1933, inclusne
?1S,000 due August 1, 1936
$21,000 due each jear August 1, 1937 to
1948, inclusive
J7.000 due August 1, 1949
IRONBOUND TRUST COMPANY
Newark, N. J.
BIDDLE & HENRY M. M. FREEMAN & CQ.
104 South Fifth Street 421 Chestnut Street
Philadelphia Philadelphia
r;-f.,.. f Philadelphia Lombard 45&1 Telephone
telephones -( New Yort( John o-089 Philadelphia Lombard 710
NEW ISSUE
$1,500,030
0. ft WILSON BODY CO
7. Cumulative Preferred Stock
Par Valuo $100 per Share
Dividends payable quarterly January 1, April 1, July 1 and October 1.
Callable ai a whole on any dividend date upon 30 days' notice
at 110 and accrued dividends.
The business of the C. R. Wilson Body Company was established more
than 40 years ago for the manufacture of carriage and wagon bodies.
Since 1898 it has manufactured automobile bodies. Its business
now is exclusively the production of open and closed bodies fort
automobiles.
The Company is the second largest producer of automobile bodies hi
the country. It makes bodies for the Ford, Hupp, Overland, Reo,
Paige, Oakland and Liberty Motor Car Companies. Plants arc at
Detroit and Bay City, Michigan.
i
Net profits for 3 V2 years, January 1, 1916, to June 30, 1919 (after
depreciation and Federal Taxes, but without deducting interest
charges to be eliminated by present financing) have averaged over
3 times the preferred dividend lequirement on this issue. Net assets
over $233 per share.
Sinking fund, beginning 1921, of 20 of annual net profits after pre"
ferred dividends (but limited in first three years to 7, 9 and
12, respectively, of amount outstanding) to purchase and retire
-preferred stock at not exceeding $110 per share.
We recommend this Preferred Stock for Investment
Price 595 per Share
Lee, Higginson & Co.
Established 1848
1306 Finance Building, Philadelphia
t i !.--. S Spruce - 2992 - 4b8
Telephones j KH8y$toB . Race na
BOSTON
Tbt aboe statement! whlln not guaranteed, are bated upon Infor
mation and advice which c bellno to be accurate aud reliable.
- o rvntnellst is making a nation
wido canvass.
In tho petition Doctor Drew seeks
'xecutic clemency for tho negro sol
diers arrested iu the recent race riots
in Washincton
Doclor Drcw wil Bpeak toaIAt in
St jJurB Baptist Church. Tenth and
Wallaco ftrcels, next Wednesday In
ri. ,.,.. mii,..,ii, is-,,-,...,,..! nfc
Broad and Catharine streets, aud on
ROAD BONOS
J30.0C0 due each year August 1, 1920 to
1930, inclusive
145,000 due each jear August 1, 1931 to
193&, inclusive
$36,000 duo August 1, lSG
NEW YORK CHICAGO
HIGGINSON & CO., LONDON
To tfalco Funds for Harvard ,
Plans for a campaign for $15,250,000
for the Harvard endowment fund, which
will start October 1, were discussed afc
a meeting of Harvard graduates In th
offices of Robert K. Ca&satt in tbp
Commercial Trust Building. Herbert
L. Clark, of the firm of E. W. Clarfc
& Co.. chairman of the Eastern Penp
sylvanla district of the endowment fund
orgauUatlou, presided. Edgar H.
Wells, Uco chairman of tho executho
committee of tbo fund in New -York,
attended.
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