mmmF
i$m0mfim
rmi"imfi
1"
W'-l
yr I'r - - - ' f
r;
'Vt
EVEiNa PUBLIC1 LETOI5R PHILADELPHIA, MONDAY, NOVEMBER -3, 1910
n$
;
I
NO PROFITEERING,
r t D BUI V-k
I in i in im i- i HftiiJ
nil rn i uiuti
i ru.iv iLivuuin iu
n , , . . . . ,, , i
Coal Dealers Must Adhere to
, , . ... '
Maximum Price, Attorney '
. . , I
uenerni ueciares
U. S. CHECK OfJ OPERATORS
Wl-sbltH'tOD, Nov. .'(. -l'niposnlM of
wholesale conl dealers that (he Roverii
ment permit a free tirultet In coal, even
In the face of the strike, received
"short tdirlft" from A. Mitchell Palmer,
nttorney f-rncinl. The dealers, who
comprise the Who'esale ('oal Trade
Association of New York, were informed
in no uncertain terms that Ktivcnnncnl
maximum prices on coal were restored
for the protection of the general public
and that he expected co-operation from
the coal men In the Reneral welfare,
"even to the extent of saerllleins
profits." ,
"I'nless there is government rtRii
Intion," said the nttorney general In
B letter addressed to W. A. Marshall.
president of the association, "prices
charged to the public will be outrageous
and the prolits n(;cruing to dealers un
conscionable." Mr. Palmer also served notice that
the injunction against officer of the
United Mine Workers was obtained
Polely in the pub'ie interest. The gov
ernment, he said, will not permit it to
be used for the benefit of the emiiloye'rs'
side of the strike controversy. The at
torney general warned ttiat the govern
ment will take exactly the same action
against any persons attempting to limit
the coal supply.
The conl dealers' association had sug
gested that the mines be given police
and troop protection, but that the gov
ernment refrain from fixing prices or
Attempting to take over and distribute
the supply of coal.
Te.t of Letters
The two letters given out by Mr.
Palmer follow :
"October . '11, 11)11).
"Hon. A. Mitchell Palmer. Attorney
General. Washington, D. C. :
"Dear Kir The fact that there is no
present general shortage ot coal and
that if the miners who want to work
nre given protection by the government Pope, gave absolution to nil the com
they will work, lends us to make 'the batant.s who hud died, "both friends
following statement' and recommenda- and enemies."
tion : r i Similar ceremonies occurred through -
"First. With the police or trobp pro- ' out Italy in all the towns and villages
tection there will be a sufficient number I and on the banks of the Piave river,
of miners who will be willing to con- where Italians anil Austriiins arc bur-
S tituie at work to insure, with present led together in nameless graves.
mucus, mi uuriiiiiii' niiin in iiuh'i w ,
emergency created by the strike.
hecond. r ixing a maximum price
will curtail the operators' ability to
meet the abnormal production costs
caused by the strike and .will discourage
, the operators in their efforts to produce
coal.
r "Third. The law of supply and de
mand will take enre of distribution
better thnti any theoretical program.
"We arc not now confronted with a
wartime condition, but one in which the
demand for coal is normal, and will
continue so if the public ls assured of
protection to miners to enable them to
produce, and noninterference by govern
ment departments in the matter of dis
tribution. '
"Fourth. The ptittinrr into effect of
-!..:,.. is. .-. ...in .......i. . r. -H..
11111111,1 I1SIS "111 ll-.silll 111 IIIIIUllSSiniiv
n.,.ontiU ,..t,,t,. ,.., .t. .,.i oi.
if IA i iiuvnui 4 miii i wii'iiinnif) tiiiit ti i -
lowing others to go without.
"Fifth. If there nrn attcm(its nt
profiteering the machinery provided
under the. recent amendments to the
Tever law may be used to prevent the
lb , same.
. I "We re
K pv given nrot
same.
ccommend thnt the miners be
otcction so thnt they may work
in safety and that the consumers of
coal be nllowcd to procure the same
through tbo usual normal channels with
out interference from government de-
'
FRANK M. HARDT
T. ELLWOOD
, '
JOHN STORY JENKS
i. WILLIAM W. FRAZIER '
EDWARD T. STOTESBURY
LEVI L. RUE '
W. W. ATTERBURY
SAMUEL M. VAUCLAIN
J. FRANKLIN McFADDEN
HENRY 9.
imrtiunilfl or tlin railroad mdmhilstrn
tlon. Ilosprctfiilly voiir,
"V. A. MARSHALL, President."
''Amazement" Is Expressed
"November 2. 1011).
"W. A. Mnndinll. Ksn.. President.
Wholesale Conl Trade AsMicintlou. No.
1 Iliondvvii.v, New York City.
"iienr Hir:
"I nni in receipt of your circular let-
for nf October III,' llllll, nnd-iini mimaed
by lis content".
"While, of course, proper protcc-
t!on wm be alvcn to all mlncm who
arc wlllliiR to continue at work , it
must be perfectly plain to oii that even
under such conditions the supply of
coal inusi hi- far fiom normal. Your
proportion amounts, in effect, to n
declaration that coal dealers should be
perniitttd to take advantage of these
abnormal conditions und .have their
prices based. entirely upon the law., of
supply and demand, which is another
way of saying that they should be per-
milled to cnnige lie piiiuic wuiucvi r
inn iiirinri. uir criiuinii mr mri iu
be constantly increasing and with the
giitiiil' decreasing. I nless there is gov
ernment regulation, prices charged to
the public will be outrageous and the
profits accruing to dealers unconscion
able. You oilgbt to be iiiltc us willing
as other citizens to co-operate in the
general public welfare in this emer
gency, even to the extent of sacrificing
profits. .
"The action of the government in re
straining the officers of the Mlue
Winkers' 1'iiion from furthering' the
jtrike order already issued, was taken
solely in tnc general public interest and
1 shall not permit it to be used directly
or Indirectly for the benefit of the em
ployers' side of the contioversy. If
any advantage shall be taken of the
nt conditions by any arrangement
prcsciu coiiiiiiiuus u.v mi in raiigemeni
or uj;n chichi, m i, hi mure icimiu-i
to restrict either production or distribu
tion in order to enhance the price of
fuel 1 shall without hesitation take
I precisely the .same action against such
persons as has ucen tai;en against tnc.
officers of the Mine 'Workers' Union.
"Yours truly.
"A. MITC.HKLL PALMKlt.
"Attorney General."
"MEMORIAL DAY" IN ITALY
Statue of King Covered With Flow
ers as Tribute to War Dead
Home, Nov. :!.( Ily A. P.) On All
Saints' Day, Saturday, the monument
of King Victor Kminnuticl was covered
wtlli lt,miir In Itiemnvv (if tliiise wliii
fell in the war. , Miw'v thousands of
persons isited the cemeteries and
placed wreaths on the graves, cspccuill.v
of the dead soldiers.
At the Church of St. John' l.uteriiii
Cardinal Poninili, vicar general, to the
Care for Vienna Children
Tlerne, Nov. .'?. Thirteen hundred
children from Vienna arc due to arrive
here today for a vacation in Switzer
land. Mr...A ..l.il.i...... .,... ............wi r 1...11.
.,.,, l llllllll.ll ,ll v.- ,-AllL-,lvil 11,1111 UUUI
Vienna and liudapest. as it is feared
tin cold wintry- weather and lack of
food would prove fatnl to them should
should they remain at, home.
$750,000 Given Armenian Children
New York, Nov. .'!. Itcceipt of
$750,000 from the comnouwealtli fund
of New York for the relief of "starving
children in Armenia" is announced
by the Kuropenn .children's fund com
mittee, of the American relief ml -
' m.t',otin
i ministiation.
That amount will pro
vide one meal n day for three months
for IfiO.OOO children.
Opens Mining Sections in Arizona
Hnlhrool', Ariz., Nov. 3. Several
thousand pcrsons took udvantnge in
Arizona yesterday of the action of the
government in throwing open to mining
prospectors the Navajo, Apache, Salt
Itiver, San Carlos, Wuhipal. Hopi,
Moqui and Colorado Itiver Indian reservations.
Philadelphia Trust Co,
TO CARE for its rapidly increasing business,
this Company has leased first floor offices in the
Liberty Building, at the Northeast Corner of Broad
and Chestnut Streets, and its uptown office at 1415
Chestnut Street will be removed there by the middle
of December, 1919. Customers will find in the new,
commodious quarters of the Company a complete and
comfortabje .equipment for their accommodation,
including a large safe deposit department With
special provision for ladies.
HENRY G. BRENGLE
President
JOHN C.
HENRY
Vice President
FRAME
Vice President
NELSON C. DENNEY
Trust Officer
THOMAS B. PROSSER
fteul Estate Officer "
Directors
THOMAS S. GATES
ADOLPH G. ROSENGARTEN
EDWARD ROBERTS
LEDYARD HECKSCHER
BENJAMIN RUSH .
ARTHUR H. LEA
J. HOWELL CUMMINGS ,
BRENGLE
U. S. STILL HOLDS
II L
Great Britain in Second Place,
According to Lloyd's
Register '
2328 SHIPS NOW ON WAYSI
i
IOndon, Nov. !!. Merchant vessels I
,,,,. eonstructiou throughout tin
I r(, ,,-ith the exception of Germany.
, aggregated L'I'.US vessels of S.OIS.r.SL'l
Bros, toll!i according to the returns
for the third quarter of Ifllll Issued by
Lloyd s register of shipping.
The I'nited Ktntes still leads In the
extent of work under way, with ('.rent'!
Ilrltnln second. lirltUli dominions,
third and Japan fntirtli.-
The returns show that there nni now
under construction in the Culled King
l ilom vesslcs aggregating -.Kill, 77" tons.
, Tills is more by IMKI.OOO tons -than the i
totnl three months ago and by 1.070,0(10
tons thnti a year ago. The quarter's
I launches lggrcgutcs 41li.0l, tons, a,
decrease of about llJ.OOO tons as coin- I
pared with the previous iinarler. ,Tlie I
particulars of the vessels under con
struction arc as follows, similar details '
being given for 'lie preceding quarter
mid for the one ending neptemlier HO
10iS, for purposes of comparison :
SHIP
u I L L
AD
(lros tnnnaffo
S)t. 30 Juno .'In. Sent. 30.
Stpnm mm mm WIN
Slut ii.inii.l.ll B. IMi.M'JII 1.T42.IISA
Fcrro-concrctc. :.. IN- I'.-I.'il
Wooil iintl mm
wiFlte -'.'Jlia .I'lill
Totals 'J.Sini.tii'!) u'.4ll.."ll'l l.TIL'.OStl
Sail
Ptoil 0.7111 i.S73 t.sr.o
fcrro-cotiereu' ii.ii'.i." lii.ilns
Total itcam
unit K.iii. . s,st.773 a.r.ai.or.ti i.Ttn.'ia.'i
The total building seems to be the
largest on record. In 101!!. which was
the record jear in the United Kingdom
in the matter of tonnage launched, the
highest total 'J.Oli.'i.Olll was recorded
nt the end of March, while in 1011 the
2,(100.0(10 ton level was not reached in
any of the quarters.
The total "commenced during the
j past three months amounted to about
1 711,000 tons and included many huge
vessels.
The totnl building
nlu'onil Ti.'JSI.SO!)
m-oaii
Willis
iollsis about .(i'.'.IKItl tons lower tiinii
the total building fit the end n June:
this is due to a consjderablu decrea-e
JJ7 vessels ot Hi...S'.i.i tons in uic ion-
iingo building in the i'nited states. The
figures for Italy, which include the work
. . .,, , ... fin rum
ill linnil nt irie.sie, aiuoiiiii. in ihmhiw
tons. In Holland there is an increase
of (!0,000 tons, and in France of (hi.OIKI
Ions. The world's total S,01:-i.o-(oni8
about .'11,000 tons higher than
the figures recorded for the June quar-
The tonnage of vessels building under
the supervision of the society's survey -ers
and intended to lie classed with
Lloyd's register amounts to 4,S!t.".(K)0
""." ' ..r,.---- .
tons L,2.-.0.'.)2-l tons in the luiitcd
I Kingdom and :J,.iN.,.vl ions aoronii.
IThc totnl ligures torni iinmni nun sm,,
,. i.. i t ..,, i
an increase oi neurij " i"' . -l -"
the highest total leached in pre-war
times. !
N. Y. PLUMBERS STRIKE
Demand $8 a Day Now and $10 a
Day After January 1 Next
New York. Nov. 3. A strike of ap
proximately 1000 journeymen plumbers
in Urnoklyn has been ordered for to
day. The men, Who now receive $7
a dav, ask that tltis be increased to
toda'v and to ?10 byTnminry 1.
The Master Plumbers have-" refused
to grant any increase today and to
make the daily wage mil . in .laii
uarv. Thev assert the men, b, strik
ing,' would break an agreement which
does not expire until May 1... 1!1!0.
WALLACE
Treasurer
L. McCLOY
Secretary
GOSSIP OF THE STREET
BOND -DISTRIBUTING HOUSES
MUST PUSH ENGLISH, LOAN
Hauliers Comment Favorably
J
btatcsbteel Corporation
AM KM It Kit of a well-known bniiking and Investment house, when speak
ing of the participation by thiyrTnlled States Steel Corpoiatioii In the
underwriting syndicate which is flouting the !?'J."0.000. 0(1(1 loan of (ireat
Itritain ntul Ireland, said he vwis glad to see the corporation show the way
'o other exporters of the country.
Thcstbonis, he said, should have been subscribed for many times over
long ago. The exporters of the country, who will benefit most from their
sale, lie added, should be shnniell inlo bujlng them, just as some people
wcic shnmed Into buying l.ibcity ltonds. The trouble, so far as this city
is concerned, he remarked, is because the distributing houses have not got
behind the proposition in the pioper forceful manner. It is all right to send
a dapper snlesjunn to see these exporters and explain the advantages of the
loan through them, but It does not work out ! the exporters don't enthuse.
lie said if he were Mr. Davison, of .1. P.. Morgan .1 Co. nnd'hnd
responsibility for the distribution of these Ilritish bonds, und for the bonds
of other nlleil Kiiropcnu countries whicharc sine to follow, he would
attend every trade meeting of these exporters, or have some responsible
person do it. lie would get a list of the exports to Europe for the year
101!!. showing the amounts exported and their values. He would tell the
leather men or the hat mannfaeturois or exporters in any of the lines he
might be addressing that, large as these exports were in 1(11", these coun-,
tries needed four or live times as much now; that they hnif no money to
pay for them until later on: that they Juul no commodities they could give
in exchange, but they bad bonds they would exchange, which simply meant
deferred payments.
In other words, they want the exporters to loan them the money on the
best security they can offer them. The exporters want the business, but
they will say "We need nil our credit to carry on our business and pur
chase raw material, and the hanks won't gio us more." There were some
who1 said this when we were selling Liberty ltonds. but the banks told them
plainly that buying Liberty P.onds on credit would not interfere with their
conimeicial credits. And. he added, in connection with these foreign bonds,
they would do tin same over again. "Indeed." he added, "if I were Mr.
Davison 1 would sny to these exporters. 'We'll loan you on these bonds
nt t per cent they're paying that in interest and give ou time to buy
them.' "
licploglc Stoch Issue Many Times Oversubscribed
A few ihi-s ago It was slated in this column that a charier had been
tiled in Dover, Del., for the Iteplogle Steel Co.. witli a capitalization of
' 500.000 shares of no par olue. It i- now reported that the slock issue
lias been oversubscribed thirteen times. There was no public offering, the
stockholders of I In companies Involved taking all that was offered. While
theboard of the Heplogle company has not yet been elected, it is under
stood it will be constituted as follows: .1. .. Iteplogle, W. II. Ilrevoort.
Harry Pa.vne Whitney. T. Coleman do Ponl. Charles McNeil. I,. W. Ibild
win, II. V. Sinclair. Mortimer I.. Schiff and Charles .1. Schmidlapp.
The rumor which was current in the Street on Friday concerning the
consolidation of certain well-known steel companies with the Iteplogle in
terests look another form on Saturdii. It was said the combination was
coming all right, but not witli the Iteplogle interests.
, Bolcers Comment on Current
l.Vlv.l, till' III," , iilllllKllin ,', -"llir
affecting the general financial situation
Federal Reserve Hank of Philadelphia Labor troubles have not proved
very disturbing in this district during the last month, though some isolated
instances of stilkes have been reported. There has been a very natural in
terest in the labor situation, and it' is felt that some solution must be attained
without further delay. The conference Washington between the repre
sentatives of capital and labor commanded the attention of majiy of our
manufacturers, and they, feel that a continuation of its sessions would be
distinctly helpful in securing a ilegiee of harmony. They appear willing
to make reasonable concessions in order that the spirit of unrest may be
eiadicnteil as soon as possible, but resent the intrusion of agitators who
cloud the issues with radical preachings and attempt to bring into this
country the doctrines of less advanced nations,
Cnrstairs & Co. Developments in the coal strike will no doubt furnish
the largest measure of news interest to the stock markets for the next few
daH at least. We question if the strike will have any important or pro
longed bearing upon market values. It is just as well, however, not to
minimize the possible effects oftthe disturbance to general business throug'li
a partial decrease in mining operations. lSeoausc the iron and steel trade
has had no chance to-prepare for a coal strike, it would be among the first
to suffer from even n small cuitailment in the production of coal. However,
we understand that with the steel men there is now a sense of satisfaction
that another long-threatening difficulty has been brought to the fore for
determination. Financial interests very generally hold to like opinion, and
are confident that rigorous action by the government, together with the
common sense of the rank and file of the mine workers, will combine to make
the strike one of short duration. The daily course of tin stock markets,
for the time being, should depend upon news developments, plus money con
ditions, which latter still arc the greatest factor in the way of any marked
or sustained advance in the general list.
Chandler lirns. & Co. lu this very wonderful market, so replete witli
money-making possibilities, the occupants of the mourners' benches nre the
holders of railroads, public utilities und coppers, nil of which it is the
fashion to say will "have their turn." but 'the turn comes very slowly and
.seems as remote now as it did months ago. The problems to be solved nre,
how will the railroads improve until hostile price-(King commissions, politi
cally selected, are exterminated or wonderfully reformed: how copper pro
ducers nie to enjoy normal conditions until foreign buyers can obtain better
terms than are possible now under the sadly disarranged foreign exchange
market, and how public utilities stocks are to thrive while communities refuse
them the same equalizing advances in their charges as they are obliged fo
pay for every tiling used by them in rendering their service to their con
stituents. .Mac.Mcclilu A Williamson The market is vcritabl becoininj a cause
rather than nn j'ffoet. In previous limes an array of circumstances such as
we find today would have been rellected in weakened or perhaps falling
quotations. At least there always was a sober attitude in stocks in the
midst of such untoward conditions as a labor upheaval, tremendously ex
panded loan conditions, strikes actually in effect and yel more strikes im
pending, witli thicutened shut-down of essential industries and tie-up of
rail transportation and the like. The markets of today, however, apparently
ignore nil these ominous conditions and go rampantly on in an upward and
onward flight, creifting quotations beyond the wildest dreams and most
optimistic beliefs of a few years ago. '
Mechanics anil Metals National Hank, New York Theie is a way of
conceiving foreign trade that has not received the emphasis to which it is
entitled. When the export trade of a country exceeds its import trade, the
amount of the difference, leaving out of account other items of interna
tional balance, represents savings of the country. We sent to the world
?.'i,S(!S,0()0,00(l of goods during the first nine months of the present year
and received ,?'!.fi!l7.000,000 in return. The difference. S!l. 171 ,000,000,
represented national savings for the American people. Our excess of ex
ports represented what we produced and refrained from consuming our
selves. The world now owes us for the excess ; we can either allow it to
pay us back in imports at u later time or we can keep these credits as ,a
reserve to draw upon in times of emergency. The immense advantage to a
nation of having siuh a reserve was never better illustrated than by the ex
perience of (Ireat Itritain in financing her foreign purchases during the war.
(iiiaranty Trust Co., New York Despite the widespread labor unrest,
prosperity and good business nre reported from nil sections of the country.
There does not appear to bo n pronounced downward tendency in prices,
although there have been declines here and there in foodstuffs. The con
tinuance of the high cost of necessary supplies has had no effect, however,
upon consumption, and the demand for luxuries and the better grades of
goods continues steady. I'leas to the general public to save have had no
more effect, than appeals to industrial workers to increase'their output. The
dangers in the present situation are understood by everybody, but there is
no pessimism anywhere. The confidence of the average citizen in the ability
of the United States to weather nny storm is profound, and there is not the
slightest chance of any revolutionary movement making heiulwii) .
Henry Li. Dnherty & Co. Bonds of public utility corporations are now
selling near the lowest average price in their history, despite the fact that,
with the exception of the street railway sanation, there has been quite ma
terial improvement in condition of public utility companies. Flectric light
and power and artificial gas companies have been improving their situation
since the first of the 5 ear, and public utility operators say there will be a
most gratifying surprNe in store for holders of securities of these companies
when, the final results for 1010 are made public.
There nre ninii bargains foi' far-seeing investors in the public utility
bond list, and it is the general opinion of men well versed in public utility
affairs that when the investing public begins to realize the actual Improve
ment which lias taken place in operating conditions with the central sta
tion electric Hjiht and power companies und the artificial gas companies
bonds of these corporations will show material advances. Of course, there
is little or no improvement in the street railway situation, and holders of
securities in these companies have still a waiting period before them, but
witli other classes of public utility corporations there is n different story
to tell. s ( .
II, M. llylleshy & Co, report gross and net earnings of Nortnern States
Power Co., of Delaware, and subsidiaries for the month of September and
year ended September 110, 1010, compared with corresponding previous
periods, as follows:
Senlemhe- mm
. .$7K),(H.vi
270,5:10
Cross
Net ..
Twelvemos., emlo4 Twelve mos., ended
HflJl SO. 1IIIII Kent 30. 11118
...!? ,477,007 $7,di:i.i:w
... 4,0.13,800 :i,'JS,:ufl
( 1 1'OSS
Net
Ilcclier & Co, While, 6f course, the coal strike.will affect general busi
ness adversely, at the sumo time it must not be forgotten that the United
Stntes is lighting fr principle which must be upheld. The murket is
discounting the failure of the strike and stocks should not be sold while this
is going on, After the striko Is over It will be time to estimate what damage
the strike, has done. If the , men itre bail' defeated, its lasting benefitvlll
mpre than outweigh the temporarjf setback which business way encounter,
on Participation by the United
i j
in Underwriting syndicate
Matters
it-lining lllllvilllS I'll llllM'lll II1ULICI.S
S n,.,b- IMS
!?(!.'i0,774
''45,Vvm
Increase
?112.W(l
:io.c:w
S1..1.'M,774
7li7,!i0.'!
H'
Outside Stock Prices
(October 30. 1010 t
TIip follmvlnp Uiblc ahown ttio In st r
conliMl sale price and l.Ur of trHnsHrtlon
of brink, trust romimny ntnl vnrlnus torn!
Mot k.H nclctom. ntul In untile nm-s nevrr.
tlcjilt in oi the PhllnrliMithM Htock lSxi luini"
Quotation cumpllrrt by HarnM & hoflaml;
Itunko
Hate oT
Last miln '
imsl
linn
n!?ni'n""(";
ll4tll( ,)f No
Aim rlenn Hank fil'i
Maj ill
Nov. S
sm. l"
I'.ll Jll
Anrll r.'
Nov. 1 4
AUB 13
ommerte. . . . l-'.i
rt i Airier. .- i
till''
llroml Hirer! ml
lit t U
i:n i i
mi'
in in
linn i
' int,nnlHl National . -7.",
,1'tnlral National ...Ml",
U'nrii UxclidiiKx Nat'l.3sil''j
i Prou'rs & Mtrrhants CO
I I'hrMt, Vi.flmtot . lLMI
Oct.
Dec.
July
(lot
Hi t.
rob
.Inly
Sent
Aim.
A tin.
m
mis
First National
I'Vinrlh SI. National
1 Fox CImi'o
1 Franklin National . .
lit'rmalitoun
, llranl National . . .
KenMnston National.
M.tnayunk Nltlonat.
i Market Si Ni'tlolial
Middle City Hank...
. 'Jill
. ..KUi
Sf
,.4oa
. lis
. .3311
. 1S7'i
jn. in in
t.i. in t 'i
ai, lint
an. in in
a. mm
17. HMO
i:i, nun
an. nun
4. mm
.lune
. . . Till
...II::
. . 371
. ..las
Sent. '., mis
July si. mis
Allir. 13, mill
" lion. 1 1 .spruruy .
Nln'li N'atloial ..
North I'- tin
Northern National
Mar
It''1'
.i'lo
.May 7. Ililii
i NorlhwpHlt'rn National. -Oil1.
tif!-. an. mi"
Jan. S, mill
aub an. nun
on. aa, mm
Merit, at. l'lttl
Nov II. 11117
June I. lulu
June in. mm
July a3, mm
Hnnl 17. 13111
1 lllney l'nnlt l."'S
i IVnn National :mio
C'MUdclriliin National. -17.
cjuit."!' I'lly National. .1W
, s, ootid .National ....31"'.
I Sixth National '.'07
Southwurk National . L'ni'
I soulhwrslorn Nattonal I2.i
iTonlh National ......tan
, T..xttlc National Ilfi'i
Third National 'jlR'i
Tradesmns National.. .'o
' nl mi National 'Jill
I West Philadelphia . . . 15
Juh 31. 1111.1
July
IVl
Jan
Mar
II. 1II11I
ai. ini
n. mm
in, mm
Trust CinnmlileH
Ahllne Trust Il0
Ilphnont Trut ...... 3."
ttrvn Miiwr Trust ""
ChcliMi Trust "'i
, Central Ttut A S.iv. .HI
I Colonial Trusl 1la
Columlil.i Ave. Trust, .aim1.
Commercial Trust an.'i
I'onimonwe.ilth Trust. .a.Tl1.
rontlnrntHt-Knult Trust !."
1 Umpire Title & Trust, aa
. Hxi I'lalnr Trust illl'a
1 Peileral Tnit .... la."
fidelity Trust r.llO
Kin Co of I.l 1st pref.mi
Kill Co of J'.i ail pref. .1111
I'rankforil Trunt 177
I'ninklln Trust IT,;,1,
(lerninntown Trust ..'J17'i
lllr.lnl Ave. T & T . 7.V4
, illrant Trust sun
llunranlee Trust ....la.T'j
Itartillnjrton Title ft Tr tal
Hamilton Trust I an
HelmesblirB Trust .. lit1-,
Intlustrlal Trust .. isnlS
, Inlecrlty Trust aaaw.
, Jwiklnlown Trust Cu.fcjrit!,i
1 Kensington Trust .... iinu
Land Title & Trust. . . ',0'J
l.'berty TIM,- ,t Trust. Ilia
I l.ouan Trust 13';
I Manayunk Trust ill's
' Market St Title & Tr.llm
! Merrhants t'nlon Tr.. in
I Merlin Title i- Tru-d . . . H.-.N
I Mutual Trust .s
Northern Trust ami
Vorth Phll.i Trust. ...isr.i.
1 Northwestern Trust. . .tea
t'elliam Trust i:to
t I'enna Co for Ins, etc. OKI
People's Trust IT,
, Phlln Co for O MtEs..14il';
Philadelphia Trust ... ti".
Provlil.nt Life fi Tr...la7'i
1 Ileal Kslnte T 1 & T..I01
1 Real Kstale Trust rem. m
I Ileal !MHto Trust pf.. '17
i llepublle Trust ...... C'lfe
ttlttenhonse Trust .... ""l
Taeonv S II T & T ".m
1 Tioira Trust m:j
'nlte.l See I, I !i T.. t"i
, Vane .tuurtlnn "
"'.si Knil Trust 11WII4
West l'htla T . T.. 1 is
June
-llltl.
Cell.
Sept.
Sept.
del.
luly
Oct.
Auir.
I, 10111
17. 11117
it. mill
a. nni'
in. linn
aa, mm
aa. mm
s. mm
27, mm
in, mm
in. mm
Del.
Oct.
April in. in in
,iulv is, mi"
Oct
111, I1I1K
17, mm
17. mm
Sept.
Sept.
Jan.
May
Oct.
.luly
.luly
June
Dee.
July
June
Mnv
J-V1i.
June
Oel
Met
Mav
Oft
x riiis
.1. i.MU,
' ''l
.ill, Ullll
1J. mm
in lii'ii
.1. 1017
IS. 1111(1
21. mm
in. mm
is. mm
is. mm
aa. mm
1 r, 1 'i 1 s
aa. mm
Mnrili
Oct.
Oct.
. Julv
7 iMi 7
s. mm
s mm
n mm
in mm
in mm
n 10111
is, win
Sept.
Aub.
Alnr.
June
April
I. llll'l
tune ar.
mm
mm
Sent. '.'I
o""" !' inin
Sent 10 mm
Oct
mm
Julv
Sent
'OT.
Pell
prlt
Sent
no. mm
ai mm
- mm
a. mis 1
S 101 t
si mini
ai mm
r. inin 1
: mm1
1 10m 1
no
net I.lfo Insuninre Companies
inirard T.lfe Ins S14 Mar
Philadelphia Life 10 Sept
Tire Insurance Companies
"S jqje,
z, mm
t Mllanre aa
Fire Association ....3ao
Independence '.'Mi
Ins Co of State of Pa. sin,
l.umberineira too
j Merhalca' 7."
People's National ... I7T
tellance 7. .. 1
1 I'nlteit Firemen's .... la1.
IMitory ..
tf "' r""
Ker l!atway Storks
asseiurer IJ.ll
I
, I
,s'' nJji'
I'amilell & Suburban .. aoi Mar.
I'lllzens' (Ulth & llthl.aa.T, .lime
I'ontlnentHl 00 .lune
T'm't l'k HadillnBton 1.1 oel
t'l'.inkford & Southw'U.aS.'l Sept
s.i. mm
iii. 11
3, mm
'imant'n nui & stii). s.i net
1. mm
3, mis
an. mm
aa. mm
in. mm
is. mts
-u. mm
s7. mis
an. mm
Itestonvlllo M !
aati
Julv
Ilestonvllle M 1' Pf.
ri'oen & Coatei Sts.
r.i
luly
Oct
.luly
Her
Mav
.Vow
Julv
Auir.
Pee.
April
no
I'hlla.l-lprila I'lly
1 mllnr1n1V.ln 9 T.
.11
Philadelphia S. .D.irhv.
. Illl".
. (17 3i
Phlln. & (iniys Kerry
tlldao Ave
Second Third Sts. .
Thirteenth ft 1.1th .Sts.lcniJ
Union I'as'.eni-er 17.0
West l'hllndclphU If!.-, t
K.illro.iils
I'amden ft PuiTtnn Co. as'.i
Catawlssa 1st pref.... la
I'otnwlssa ad pref.... 4a'.
Chestnut Illll il.'l
lleUnare II '.
Del f: Hound nrook...lMI
Ksst Mahanoy ....,. till'
I'ast Pennsylvania . . . .Ill
1'lmlra .1 Williams ... In
I'Imira Williams pf. 7li'4
llunllnir ft II Top coin. II
Hunting ft II Top pf. . . 104
I.ehlsh Valtev pref ..Ian
.title Schuylkill I'J
I. kens Vairev tl
Mlnehlll ft Sch Haven. SI
N'o'lh Pennsylvania .. 7'i
Phlln ft Trenton in"H
I'hll.i Otn ft N'orrls. . .11".
fnlted Cos of N J. . .a1
V stern N T & Pa a I
Miscellaneous
Amer Pine ft Con Co.. lu'j
fi.' 1111s
Julv
Am?.
July
J ill.
.M.ir.
June
A UK.
A hit.
May
June
Feb.
Sept
Mav
Oct
July
Oct
Auir.
Oct
Oct.
Oct.
Alls'.
Oct.
1 VI.
AUB
Pel)
Ma.
April
Jul
lei
Julv
June
M.11.
UlT
ltd
Uff
lune
S-pl
Vp II
I ! I
1, line
ia. mm
.-1, 111111
an. 1017
30. mis
jo. 111111
as, nm
c. 1017
1 mm
3. mm
17. mie.
aa. ini'i
17. mm
is, mm
j.'i. linn 1
in, into
11. mm I
in, inn 1
a. 1017 1
1
sa, mm
aa. mm
13, 10m
10. mm
14. .mm
a. mm
S3, 1010 1
in. tniti I
aa. mini
4. mm 1
in. mm
ia, 1010 I
1. mini
1 Ilernner Kneel Rrew. .
I I crane! t. i:n;el n pf. a.v.
lie I.nnc Hook ft r.yu . aa
Knlerprise Mfj- Co.... .lOLj
I Keys tone Watch Case. 7 a
Merchants' Warehouse. Sa
Mulfoul It 1C Co 10
Northern l.lbeittes Gas sa
Penn Traffic a'-j
Penn C0.1l Storaare ... 1a
I'enna Warehouslnff ..ion
'hlla Tlourse r,
Phlla Hourse pref
Pillla Warehouse .....1ia
Plllhi Whs ft ( S. .. .111
Smith. Klin" ft Trench. 0.1
Stetson, .in 3.17
stetson. .1 It pref ....tin
Westmoreland Coal . . 74
so. nun
t3. mm
2t, mm
0. nm
a" mm
11 nut
as. mm"
MINISTER CHARGES
KAISERISM IN FLOCKi
Forced to Resign, He Says Mem
bers Resented His Amer
ican Sermons
Iliulcton. I'a N'ov. a. The former
kaiser has stuck up his bend in St.
Taul's Reformed Church, at West IIu-
zlelon, according to the pastor, the
Itev. C. II. Correll, who charges that
a prp-fiermnn element has made it so
hot for him because of the strong
patriotic American sermons he preached
during the war that he has been com
pelled to retire. Members of the con
sistory flatly deny these allegations and
! sny that matters of internal policy,
wholly apart from the world-war strug
gle, are at the bottom of the differences.
'The Itev. Mr. Correll announced he
I would submit his resignation to the
I consistory Wednesday night. He was
j n "Four-Minute." speaker and has ninny
! people of Herman descent among the
!"(!() enrolled, preaching in the Herman
I tongue every Sunday morning and in
'Knglish nt night, lie nssnllei! the cen
tral empires 111 the same vehement terms
before the Herman element as he used
in talking to those who prefer the Kng
lish. He declared one member of the con
sistory told him the war Is over and
thnt he can be curbed now. The pastor
says some families left the church
owing to his nnti-Hermnu 'attitude.
lu the view of the iinstor the uues-
tion of salary has been seized upon to
get rid of him. and he is ready to unit.
but will not recant one word he uttered.
lie has been receiving ?i,5 n mouth and
was recently asked to sign an agreement
to continue nt that figure.
Members of the consistory aver they
are as loyal to the country as the leader
of their flock. They say the Itev. Mr.
Correll insisted the organist and jani
tor be put under monthly contracts and
that when this was accomplished und he
was invited to sigu a similar ugreenient
he refused, This, they allege, is the
principal reason that baa brought about
the estrangement.
Kept. 17. lllin
Oel. S. mm
Oct ' s.' 1010
Sent. 10. 1010
.luiv a:i. mi
I'l, J. MO
MISBRANDED FEED
IS SEIZED BY U. S.
Government Charges Violation
nf I nm iii Ql-lnre MnrJa n-f '
of Law in Shorts Made of
Regrotind Bran
WILL PROTECT BUYERS
Kansas City. N'ov. .'?. Millteed lian
dlers of Plilladelphia and other lorge
eastern markets can look forward to a
better quality of shorts from tin trade1
in Kansas I'll v. St. .losenh. St. I.otlls
ntnl oMsowhore in Hie West. The crav I
shorts they call for will not be regrotind 1
bran and screenings and low-grade
Hour, but a quality of shorts which I
the miller obtains from the wheat berry
in the production of flour. This assur
ance is Hie result of the declaration by
the bureau of chemistry of the Depart- '
ment of Agriculture that shipment into1
interstate commerce of ground brnn and
screenings, labeled as shorts, constitutes'
both adiilleratiou und misbranding 1111-I
iler the terms of the federal food and ,
drug ad. '
Following the recommendation by the l
bureau for, seizure of such feed, several
cars nlreadv have been confiscated and
lire being held by the Department of
Agriculture. Some of the feed seized
was reported sold to handlers in the
Fast.
I'noriiioiis profits have been realized
on reground brnn by feed manufacturers
in Kansas City and surrounding mar
kets, as well as bv stock feed interests
j f the Cast : in fact, much bran has been
t-i-i'i,iiitiil n,i,l s,,lil fur shnrts I lie luisl-
,:i .1.. I
until n ntly has not been
in'
I tested, though bttjers sought to safe-1
' -dnrd- themselves from contracting for
horls of this kind. It hns not been
uncommon for feed manufacturers to
realize a profit of ns much as eighty
cents a bag. or SKI a ton. on their re-
"I'oupil bran. i hen the market was
its high point recently shorts sold at
iiremiiim 01 aooui ."si. 10 .s.ti 11 ion over
bran. The process generally used was
t" regrind the brnn and mid a quantity
of low-grade flour, the latter product
being obtainable iiroiiud ?."." a ton nn
alinormallT low figure.
Many of the feed manufacturers sell-
lug the reground bran are labeling their
product "wheat feed, and others nre
I l'llll'i"K "'eir feed on the market under
in .11111 imincs. won nn nit-ill mil in slim is,
1 1 cod sold under these methods will cs-
cap' federal seizure, vet it will nni en-
iov the demand previously witnessed
when sold ns shorts. A market must be
established for wheat feed or file brands.
while there already is a broad demand
and a pcrmiiiiontlv established market
tor shorts or middlings.
10111.V inicicsis i me j'.nsi nun otner
i llvostiii-k producers will benefit by the
I government's action. !
CHILD'S LONG SLEEP !
Jatnesburg Boy in State of Coma
for Seven Days
lamesliiirg,. Nov. :',. l'hysieian
here are mystified over the sleeping
siclilinss nf siv - eel ,- i.l.l Lin,,, ll.iui... '
..- ... .... ...... ,,,,, .,.,,,... ...-..,
wicz, who has lain in n coma for seven T
days. It is necessary to force liipiid j
mod down his throat ill order to keep ,
s inin nnve. i.noris to in 1; with I11111 1
liave failed and his sleep resembles (he 1
natural slumber of a tired child. '
When the lad first showed symptoms
nf illness he complained of a sore
throat and then the sleeping nialad.i
developed.
Dr. W. K. Anderson, of Knglish- '
I town, hns advanced the theory that the
as. I'll! affliction may be dike to pressure of a
SO. mm,i)om, (lp livniii und until this pres-
I sure is relieved the illness will con- I
31. mis tjnuc.
an, mm1
Governor Stops Milk Strike
New Yoih, N'ov. I!. A strike of sev
eral thousand milk-wagon drivers,
whose walkout would have niennced
New York citv's milk supply, was
averted last night when (lovernor Smith
appeared at a meeting called to take 11
strike vote and urged the men not to
cause- "such a public calamity."
Valuable
New Book
Sent Free
In order to acquaint in
vestors and traders with
our superior quotation, in
formation, board room and
general brokerage facili
ties, this unusual 71 page,
board bound book is being
sent free on request.
It tells:
The General Hulcs of
Trading.
How to Give a Hroker
Instructions.
II r d k c r ' s Commission
Charges.
How to Endorse a Stock
Certificate.
llow to Use
in Trading.
Collateral
How to
monts.
Group Invest-
The Deposit Require
ments for Carrying
Stocks on Account,
The Rights of Stock and
Bond Holders, etc.
Written in simple language
and easy examples given.
Edition limited. Call, phone
or write at once.
Ask for Booklet
T. U.-642
JONES & BAKER
SECURITIES
Widener Bldg., 'Philadelphia
Phones Bell, Walnut (3063
Keystone, Race 2290
Direct Private Wires
New Yoik Detroit Pittsburgh
Cliicjgo Baltimore Boston
I
I
I
Investors read
Ike Wall Street Journal
n:
Library Bureau
to teach file clerks
Realizing the need for
. well - truinctl file clerks,
Library Bureau has as
sumed control and man
agement of the Philadel
phia School of Filing.
To you, as a business
man, this move is of tre
mendous importance.
Somewhere in your office
there is an amhitious pirl
who wants to study filinjr.
Here, then, is her oppor
tunity a Filinp School in
which she will learn not
only the science of filing)
but a broad practical knowl
edpee of business procedure.
Send one of your girls
here for either the day or
night classes. She will ap
preciate it your filing de
partment will move more
smoothly than ever before.
Library Bureau will bo
pleased to recommend grad
uates to employers who re
quire experienced file
clerks. 'We invito business
men to get in touch with, us
in this connection.
Philadelphia School of Filing
!)10 Chestnut Street
Telephone, l'llberl 11.1(1
Mrlle, phone or call for ilelalls. New
class U Just starting
The following companies
offer
INSURANCE
of all kinds
at'
a IllllllllllllllllllllllllilllllllllllllllllllUi;
zz
E
jr
s
t
INSURANCE
.M1A1NST
Riot & Civil Commotion
Commercial Union Aisurance
Co. and
Queen Insurance Co. of
America
WILLIAMS & WALTON
4IG-120 Walnut St., Phila.
H
E
:.llllllllllllllllllllllllllllllllllllllllllllllli7
Beidier & Bookmyer
General
INSURANCE
BROKERS
124 Walnut Street
i-oinlimrf 2017 jlfojii -152
New York Office
05 William Street
1817
1919
Association
OK I'HII.ADKfJ'HIA
N. W. Cor. 4th & Walnut
Vihh given its pollov holder solid
indemnity for more than one
hundred oars and has never
been so sironK" financially aa now.
Tlnve vmi n polifv in this old
and rehab!' onipanv
CHARTER PERPETUAL
STi:.Slsim NOTICKS
Sailings from Philadelphia
FOR ROTTERDAM
S. S. "CLAIRTON" Nov. IS
FOR HAMBURG
S. S. "KERLEW". .Sailing Nov. 6
S.S."KERKENNA".SaiIing Nov.15
Through Rates Quoted to Baltic
and Scandinavian Ports Via
Hamburg
KERR STEAMSHIP
CO., Inc.
511 Drexel Building
Philadelphia, Pa.
11
Bell Tflfldioiifi
I.oinliiinl 1000"
Krjstnne Telephone I
jiain ma
EARN-LINE
Incorporated lflDI
U. S. Shipping Board Steel Steamers
General Cargo
Regular Service
Philadelphia-Manchester
SS "WEST CHETAC"....Not. 15
Philadelphia Havana
SS "LAKE FLUVANNA" ..Sailed
SS "C0QU1NA" Nor. 10
For rates and particulars apply to
Earn-Line Steamship Co
PHILADELPHIA
Daily Freight Service
BETWEEN
Baltimore, IMtl.
Norfolk, Va.
Old Point Comfort, Va.
Newport News, Va.
BALTIMORE SOUTHERN
.NAVIGATION CO.
Municipal Pier 9,
Worth Wharves, Delaware Ave;
Uell riionei Market 4907-4803
OUR 8ERVICK IS EXI'EDITINO
FREIGHT MOVEME
Eastern Traffic Managing and ' 1
Freight Claim, Agency.. .
17M ttauwa St.. Vblto. -kbm MM
'J M :
tf
rfi
m
M
ft
if
4
I
?.
-j
m
"-S
.
"m
m
i
1
fl
4
yl
1!
1
. ,4
:,'!
.'ifcl-l
m
"l
,vn
ZJLK
J .,.:.
T? ' 'h '
. ' & ir-3 t. I."-
f.
isA.irx
' ' '
im.fe..
!'