.V
-
hfj
- "v r ' -y "n -.r rr' ' ' " " T" i r !" ' "f T'VBaWVHHi
W 'JS ' KW-,-' V , " I
i.i.ii
LEWf
lf.Vt
II
If" -
Vf
m
W-t-
Mi
t a Jtt-.
Liverpool Cpttort
I. Jftn. 22. There was n
fa demand for mint cotton lodnr
prices easier on the basis of a
oi id points lor middling, at
Tho sales were 7000 bale.
were 1.1,000 bIei, none
Central Trust &
January
ASSETS
Cash on Hand $ 509,262.66 J
Cash in Banks 1,239,514.36
U. S. Bonds and Ccr-
,tlficates 636,397.85
Loans & Commercial
Paper 8,662,853.11
Stocks and Bonds . . . 666,540.92
Mortgages 625,375.00
Real Estate, Furni
ture and Fixtures. 347,268.52
Other Real Estate . . . 21,319.35
Accrued Interest Re
ceivable 10,617.02
Miscellaneous Assets. 12,687.70
$12,881,836.79
Trust Funds
Assets . .
GBLflKfMQ
9HRK!i
,H V'TO'
OFFICERS
T. Comly Hunter, President
Clement J. Craft, Vice-President
George H. McNcely,
Vice-President
- Theodore F. Miller,
Vice-President
Lewis Van Court,
T. Comly Hunter
George H. McNeely
Theodore F. Miller
Francis X. Quinn
Isaac M. Simonin
One Man Sells More than
Scores of Salesmen
"Down in Philadelphia is a man who lias achieved
a most unique success. His only tools arc a desk, a
pad of paper and a pen. But with these tools he sells
more goods than scores of salesmen put together.
With these tools he has built new factories, doubled
and tripleS the sales of struggling businesses, and in
some cases made independent fortunes grow almost
overnight. I le is a rare combination of business man
and business writer."
J3j tditor of one of merica's treat bustnrss
ma taunts nam and address upon r'tcst
The specialist referred to is the Director of Copy Staff of The Dattdo
Company. His services, through the Dando organization, are at the
disposal of Philadelphia business men.
THE DANDO COMPANY
FURMSIUSG A SPECIALIZED ADVERTISING-SELLING SERVICE TO
HASLTACTURnRS, WHOLESALERS, JOBBERS AND RETAILERS
533 NORTH ELEVENTH STREET, PHILADELPHIA
Throuch our publication. " Knowledge," this man tells how he achieves his
suci.cs'cs. May we send you copies?
International Freighting Corporation
fp"ggs
Regular
Sailings
PHILADELPHIA to
Calling at Pernambnco. Bihla.
PHILADELPHIA to FRENCH ATLANTIC PORTS
li-en' Mres
Bordeaux. Havre. Dunkirk
r . nrnns
niayeue putioing, rnuadelpnia.
, I ' -" Ilroadwar. ew York.
m
mi
1 LnL
THIS BANK
is designated by law
Fiscal and Transfer Agent and Depository of
THE COMMONWEALTH OF PENNSYLVANIA
THE CITY OF PHILADELPHIA
THE BOARD OF PUBLIC EDUCATION
SCHOOL DISTRICT OF PHILADELPHIA
ALL BONDS of the City of Philadelphia and the State of Pennsylvania arc
.ibsued, transferred and redeemed through this bank.
MILLIONS of dollars are disbursed by it annually in the payment of interest
for these accounts and in the redemption of maturing loans of the City
and the State.
"V
s
TRONG
ft
J. "l iiMMIIKM
easier lu the
VSi wcr!5i
iJ ' i ,,
earl.? dealing. Snot
AinerJrnn. iiiitldllnir fair. 112
middling, ..29.01(1: fully liiliuiiiris,
ij.iiui: iniuuimg, a.ua; low iiiuHiiiiiM
l.ilu: koocI ordinary, -Jl.iuti, oiui-
nary, 20.7Cd.
Savings Company
15, 1920
LIABILITIES
Capital Stock $ 750,000.00
Surplus 650,000.00
Undivided Profits .. 320,000.00
Deposits 11,375,819.27
Dividends Unpaid . . 11,559.00
Accrued Interest
Payable 33,948.85
Miscellaneous L i a -
bilitiesf 28,396.67
$12,881,836.79
$ 3,566,255.29
Fred'k G. Helmbold, Treasurer
Charles K. Lukens, Secretary
Anson B. Evans,
Title and Trust Officer
Geo. J. Hanhauser,
Ast. Title and Trust Officer
Asst. Treasurer
American. Futures were
DIRECTORS
James F. Hallowell Henry F. Michell
George W. Roydhouse F. Leighton Kramer
Frank Schoble Henry Bell
J. Howard Rhoads C. J. Craft
Chas. S. Walton, Jr. F. G. Helmbold
Through
Bills of
Lading
Issued
ums
SOUTH AMERICA
Wo de Janeiro and Montevideo.
I . i-i-ri. etr
telephone-
Lombnrd 3G33. 3634
Telephone. CortUud 720 ;
for
PHILADELPHIA
AND
PENNSYLVANIA
and able to extend its facilities
the hnancial arrairs or the L.ity and the btate, as well as
to the general public, this Bank is conspicuously qualified
to serve your individual or commercial banking requirements.
"the
PHILADELPHIA
NATIONAL
BANK
4-ai CHESTNUT STREET '
Raw Suaar Market Qult
New York. Jan. 22. The raw mwar
market continues quiet and virtually
unoim,,,. Sellers are anMiie 12c, cost
nml frelulit. niual to 13.04c licrc. lluy-
prs nre ilr,w!linir to meet these vIcwr,
The local refined market Is unchanged,
the American and National companies
j continuing to quote 15c, less 2 per cent
lor ensii. tor line grauuiatccl nnu otners
being Mt ill withdrawn. .
Service and Stability
Do You Know
that this is Thrift Week,
and that each day has been
set asido for some particu
lar purpose in the Program
for National Thrift Week?
An account with this Com
pany will be a safe place in
which to accumulate your
funds for the purchase of a
homo, or with which to pay
your bills.
If you buy a house we will
insure the title to you.
And we will draw your will
and keep it for you free of
charge.
Integrity
Trust Company
Fourth and Green Streets
Capital $500,000
Surplus & Profit . . .$1,660,000
-ft
HATIONALTAX AUDIT BUREAU
Tax Expert and Public Arronnlant
Have Removed Their Offices to
708 Real Estate Trust Building
Wnlnnt 33 M Ran Ota I
FINANCM1.
Redemption Notice
rnxvsYr.vAMA Et.Errnic company
rive Year Ifr Hrurrd Oold Notes
NOTICn IS HERKTTf QIV15N that Tenn
sKanla Electric Company has elected to
pav and redeem on the 3d duv of February,
1020. all of Its outstanding Tito Year 7
Fecured Gold Notes, dated July 1. 1018. ma
turing July 1, 1D23 Issued under and secured
hy Its Indenture dated luly 1 1018. to Bank
era Trust Company us Trustee, by payment of
lh principal thereof and the accrued Interjst
lh.rnn tn enlH 3,1 il.v nf WhrtlfirT. 1D20.
together with u premium of one and one-half .
and that In accordance with such election all
of said TUe Year 7 Secured Oold Notes
now outstanding will be and become due
1 sna payaDie on said 3d dav ot rroruiirj,
IBiO. at the office of the Bankers Trust Com-
pany. In tho Borough ot Manhattan, City
and State of New York, at par and accrued
Interest theron to such date, together with
said prmlu.n of one and one-half per cent
UHll and that Interest on all of said
Nites then outstanding shall cease to accrue
or to be payable thereon from and after said
date, and the coupons on all such Notes
maturing after said date shall be and become
I null and old. and -.11 holders of said Notes
1 are hereby rcqu'r-d to present the same
for payment and redemption on said date
1 at said offlci of the Bankers Trust Com-
pany, accomt anleJ by all coupons appertain
ing tnereto -naiuring nrter saia aaie reu
eral Income Tax certificates with respect to
the accrued Interest must be furnished.
By Order of the Exccutle Committee.
L.. A. WOOD. Secretary.
Ui:i-VWAKK COUNTY EI.KCTKIO COM-
PAN1 1IRST MORTOAOU 5 tlOLD
IIONIIS. I1L13 AUfiCiT 1st. 103
Notice Is hereby given, pursuant to Article
Third, Section ft. of tho Mortgage to The
Philadelphia Trust, Nfe Deposit and Insur
ance Company (now Philadelphia Trust
Company), dated August 2d. 1D09. that the
undersigned Company as Trustee win re
reiie sealed proposals up to 3 o'clock u. m.
on the 30th day ot January. 1920, frr the
sale to It or bonds as deecrlDed above, at a
price not cxceealng 105 and accrued inter
est sufficient to exhaust the sum of
' S2131 O'J preference to be gnen by the rrus
i tee to bonds offered at the lowest price. The
I Trustea reserves the right to reject any or all
I tenders Interest on bonds so purchased wilt
, tense on Februirv 1, loo.
i Prcpoala should bs directed as follows:
'Proposals for the sale of 5 Bonds of the
Delaware i-ouiuy liecinc company, Phil
adelphia Trust Corapanj, Trustee, north
east corner Broad and Chestnut streets.
Philadelphia "
PUlUAObLPHIA TKUST COMPANY.
By JOHN C WALLACE Treasurer?'
Philadelphia. January 8. 1920.
CHENEY .SALES CORPORATION
Notice is hereb gien that, by a resolu
tion of the Hoard of Directors of the
Cheney bales Corporation, action will be
taken at the regular annual meeting of the
company, to be held on Murrh 1, 1020, at
J o'clocrj p. m.. at the office of the company.
1105 chebtnut st . Philadelphia, upon the
approval or disapproval of a proposed In
crease In the capital stock of said company
from 123.000 to S200.0OO. " w
RUSSELL SPRUANCC.
.7 nn. t,. &""
a-tvu -J-.Vjrj,
Solicitor.
and protection to
I
feltSSimwwli,
. - '
Philadahihia Markets
' '
GRAIN AND FLOUR
WHEAT Receipt, 14,510 bushels. Tho
market woi qulvt and unchamrcd. Tho
Quotations ramrod ae follr-wai Car lots. In
xpert elevator, government standard In
Motion, atardard prices. Ho. 1 red winter.
3 3pi No. l northern tprlnr. 2.89! No. 1
il!!d ".'JD'.T- J2-S0j No. 1 red winter, gar
llcky. 2.8f. No. 1 rei amutty 12.30! No.
J red, carllcky and amutty. J2.84. The
united state Grain Corporation' purchase
or wheat are rated on the tollowlnc ached
uia or discounts: No. 2 wheat So under
No. l. No, 3 wheat do under No. 1, No.
wheat loo under No. 1, .No. B wlreat He
under No. 1.
, COn.M Receipts. 10.010 bushels Offer.
Intra were light, and the market ruled Arm
though uulet. We quote new, aa to quality
and location, at J1.D81.70, the latter (or
No. 2 yellow,
OATS Receipts, 10,182 bushels. The
market was firm but quiet, under lltht of
ferings. We quote car lots an to location;
No. 2 while DOUcOlll No. 3 white. IISHSP
Vtfc, Nc 4 white. B7HODHC.
KlX)Un Recelpta. 1,674.1)24 lb. In sacks.
Demand was light and prices favored buy
ers. Quotations! Per ISO lbs, packed
In 110-il). jute sacks Soft Winter straight
western, 10.7S 11.25, do, do, nearby,
SIOOjMU. hard winter, straight. I1S.2SO
13.75: do. short patent. M3.7Bepl4.2A: spring
first clear. JlOtPtl: do, patent, J18.7SO
14.00: ihort patent, 114.75O1C.C0: fancy
spring and city mills patent, family brands,
ir..V)10.
HYE FLOUR was dull and easy. Quo
tations; !10910.25 p..r ttl In sacks, as
to quality,
PROVISIONS
Trado wan quiet and largely of a Jobbing
characlvr, but prices ruled steady. The
following were tho quotation: Beef,
In sets, smoked and nlr dried. OSes bef
k-itiLkles and tenders, cmotted and alr-drled.
B4c. pork, family. 52c: hams, S V. cured,
looso. 274J3lc, do, skinned, looee, 834 0
20Wc: do do smoked. 254 ffl27V4c: hams,
bored, boneless. 37c; picnic shoulders. S. P.
cured, loose 23c. do. smoked, 24c. bellies. In
pickle, looso 25c, breakfast bacon, 3.1c:
lard. 27c
DAIRY PROADUCTS
BUTTEn-Trade was quiet, but prices
ruled steady, with moderato offerings of
fine goods The quotations were: Solld
ptirked creameo, fancy, high-scoring goods,
7f)9c extras, fltlcf extra firsts 03B5c,
firsts, no&ll.'c. seconds, 55938c; sweet
creamery, onoice to fancy. r9870c: fair to
good. (IOSimc1 prints' Jobbing at 747(tc
for fancy and at 373c for fair to choice
EGOS Tre market was quiet, with am
ple offerings at former rates. The quolitlons
follow; Freo cases, nearby firsts. S21 BO per
j crate; nearny current receipts. 121, western
u-tra iirsis 9u on, nreis, i; srcuuu-j,
SlB.nfrit lfi..n cold-storage eggs, as to qual
Ity, ULIOV 10 SO Inferior lots lower, fancy
selected fresh esgs Jobbing at 7SO80c per
dozen
CUBES!: There was little trading and
tho market wna unchanged Quotations: New
ket was unchanted. The quotations: New
York whole-milk flits held fancy 3JW
3Jttr; fancy held specials, higher, held, fair
tc good. 31 train c, fresh-made goods nomi
nal, Wisconsin, whole-milk flats, held fancy,
327.12Mc. held fair to good 31amc;
Jobbing sales of fancy held goods, 35030c.
POULTRY
l.t T3 Fine deRlrable-sIzed stock wis well
cleaned up and firm, but medium and poor
poultry was nulet at Inside figures Quo
tations: Fowls, fine fat. weighing 5 lbs. and
oer apiece 10&IM2C. fowls, medium size.
good quality 3rt8'38c! do, poor. 323.1c;
nmillnt- rh ibn. funir inf.. mealed untfrh.
ing me: ibs. apiece, 424r,c, spring chick-
ens merage soft-meated, 34 33ic; do. In-
ferlor, 31 Sf. 13c stngjiv young roosters. 28Pf
sc; old roosters. 24 W2.i ducks, white rekln,
4fff4tle. do. Indian -Runner. 4013142c. do.
n4ilc. do,
mm..,; .ikBin; .-:::.. Kan.. .,-
aterage. SoWSSt, turkes. 435JT.0c. pigeons,
oin. per pair. ii..c, ao. joung. per pair, 4a
nnESSED-rme desirabie-slzed stock was
ell cleaned up and ruled firm. Quotation:
l'owlk fresh-killed dry-picked, In boxes
welshing 4 lb and oer apiece. 39c: weigh-
Ing 3'j lbs 3234c, smiller sires. 27B81c;
fowls, freeh-kllled. in bbls.. dr-picked
Fatrrklnn A IKe on aua nnUnt 1Un altrVi-
Ing 3Va lbs 30c32e: smaller sites 2nfl2e
old roosters dr-plcked. 20c; brolltrs, Jersey,
dry-packed, r.r.Krtnc; do, ordinary iitArbv,
dry vi eked IWitff Twic: broilers, western, drv
packed, weighing 1'4 4J2 lbs apiece, 4KW
fiOc, roasting chickens, western, dry-packed.
In bhls. welching 4 lbs. and oer apiece,
awSJnc. weighing 3H lbs apiece 3r.i3.lrtc,
weighing 3 lbs anleco 354J30c; weighing 2H
ids. uplece 41U4-C, western corn-fed chlcK
ens,, 12 to box 17 lba. and under to doz ,
per lb. 41ffl4hc 18 to 24 lbs. to doz , per
lb.. 4fi4ic, 21 to 30 lbs. to doi , per lb.
40B42C, 31 to 3H lbs. to doz. rr lb. STilS
3rtc: 37 to 42 lbs to do., per lb , 31j)3fic
41 to 47 lb? to doz, per lb. a-.g.Sflc. 48
lbs. and over to doz , 38ft40c; capons,
western weighing 8P lbs. apiece. r.2J3c.
.ome heavier stock higher, witghlnz 7 lbs
apiece. SO'S'ilc. weighing Dfiltl lbs. apiece,
47W4Sc, turkevs. Dei and Md fancy. 60c,
do, Va and other nearbv fancyi f.Hnflc. do.
nearbj, fair to good, 33w3r.c; do. western,
spring fancy. RSfdlc. do. do. fair to good.
ri3r3."c. do, old toms. 4Hc. ducks, western,
3R40c' geeae, western, fancy, 3042c, do, ,
do, fair to good, 2327e. I
FRESH FRUITS I
Trade waa quiet, nnd the market showed1
lutle change. Quotations: Apples, per bar
rel as to qualltJ 4lt B0; do, per boj. $1 BO
113 4(1 Crnnberries. per barrel, (l'SS r.O,
do, per crate. i Ml(!23. Oranges, Florida
per box, $2 .'1W(1 Tangerines, rioilda. per
half box. J3 75 Grapefruit, Florida, per,
box, 1.S04.05.
VEGETABLES
Demand Mas only moderate, but values
generally were well sustained. Quotations,
blte potatoes, Pennsilvanla, per cwt., i
l 234.r,0, dr. New York, per cwt . J4 2B
Sweet potatoes, bouthern. pr hamper. $1.23 ,
(32.2.1 do. Jersey per basket, 1. 40(3 1 7B.
CabbaTe, New Ycrk and Danish, per ton,
"M10 Onions, per 100-pourd sacks ,
Yellow. No. 1. S.I 73a?0 25.
LOCAL MINING STOCKS
TONOPAH STOCKS
Pld
Ask
no
.2d
Cash noy 07
Jim nutler 21
fapNamara 6.1
Midway 20
MIZDah Ext Id
Montana 12
North Star . . . 07
Rescue Uula 27
Tonopah l'.t 25
West End l'J
West Tonopah 10
DIVIDD STOCKS
Allied Divide 01
Alto Divide 01
Detcher 17
Ben llur Oil
Tlrough Divide 30
Divide Ext '4
Dlvlda Syndicate 03
Divide Cona 01
Dividend 18
East Divide 01
Hasbrourk Divide 04
.18
11
OS
01
2'i
li
on
07
20
(8
31
1
.01
07
o
'n?
.011
I High Divide 01
Revert Divide 20
Reno Divide 11 1
Rosetta 0.1
t-llver King 07
Tonopah Divide .... 3
.Tcnopah llasbrouck .IS
Victory Divide, . . 1.1
Verde Divide . . in
I Zone . .31
I GOLDFJELD STOCKS,
21 I
01
07
I ID
d I
20
18
JO
3d
Atlanta
Blue Bull
Booth
COD
Combination Traction .1
Crackerjnck
Dlamondfleld li 11
iD-iliiy
I Florence,
Coldlleld Cons
n
.oj
07
0.1
n.-
00
111
.OJ
.".'
.15
01
.12
04
.OH
04
O.I
01
04
in
.no
.02
.01
.01
01
.02
3D
.13
OJ
10
02
.07
02
.01
01
.02
.01
.01
OoldBeld Merger
Ooldfield Development . .
Great Hend
Jumbo Et
Kewanas
Lone Mar
Oro
Ited HI'la
Silver Pick
Spearhead
MISCELLANEOUS
Amparo 1 70
Arizona United . .15.
1 so
.20
Eden
Mother ICde
Nevada Hill
Vevsda Hand
Promontarlo
Nevada Wonder
Tecopa Mines ...
Vvhlte Cups
37
02
20
11.
17
10
.0b
ftO
04
1 1
1U
GOVERNMENT BONDS
Hid
I Ak
i inc.
'1 10IM.
Panama rout-on So 10-?.
I Panama ieglMerd 2s ll'?.i
lllu,
i-anama u,iu -
Panama rtKlEtepd 2a llUrt
Panamu coupon S"-1 .....
Panarni realslered u 1IM11
Phl'lpulne 4. 1MI . .
Philippine 4. IMS
Philippine 4a 103S. .
II S Govt coupon 2m, I08S
IT h (iovt reentered 'it 1030
IT S nrvt coupon 4. 102
II R Onvt reBlslered 4e. 102S
Diet of Columbia 3 03e 1024
IIUA 1011
!iH iiiin.
hsi- nnu.
. kh nnu
.02 n
. IIJ o
Hi mi
.ino
lOSl. ICim.Jlit Inatant
.07 .
EXKCUTOll
CHARTERhD 18C8
FIDELITY TRUST COMPANY
Member Federal Reserve System
Capital $5,000,000
Surplus $16,000,000
Main Office:
325-331 Chestnut St.
43-53 S. Fourth St
ADSIINIHTBATOU.
(1
"; ' , , ' . , I
l Financial Brief s I
! '
Tho New York Subtrcasury gained
$1,103,000 from the banks yesterday,
reducing the cash net loss since Friday
to $23,030,000.
The stock list committee has today
admitted to the unlisted department of
the exchange 30,000 shares no par value
cumulative preferred stock ot tho Pcnn
Central Light and Power Co., deliver
able when as and if issued.
The average price of twenty active
Industrial stocks declined 0.80 per cent
yesterday to 102.02, while twenty rail
roads declined 0.22 per cent to 74.40.
LONDON 8TOCK MARKET
Oil Shares Strong Under Lead, o
Shell Transport Home Ralls Slow
London, Jan. 22. Oil Bhares were
strong on the stock exchange today
under the lead of Shell Transport, that
Issue moving up to 10A on rumors that
a bonus would bo distributed.
Gilt-edge investment Issues lacked
steadiness because of the position of
New York exchange, but it was re
ported that the 0 per cent exchequer
bond issue was going well.
Home rails were glow, but the shares
of Canadian and Mexican roads were
harder. .
'Die industrial department displayed
strength. Slices were flabby and the
markets generally were quiet.
Bank of England Statement
London, Jan. 22. The weekly utatc
ment of the Bank of England shows
the following changes: Total reserve
increased f 2.070,000 ; circulation de
creased f 105,000; bhllion increased
2,010.007 j other securities decreased
373.000; public deposits increased
2.010.000; other deposits increased
12.007.000 ; notes reserve increased
2,712,000; government securities in
creased 13.448,000. The proportion of
the bank's reserve to liability thU week
is IG.77 per cent; last week it was
10.70. Kato of discount, 0 per cent.
Gold Sells at High Record in London
London, Jan. 22. Gold sold at 114s
0d per fine ounce here today. This is
a ru nigii rowi nnu compares with
the ploviotlS top mark of 113s ne
. .
line
ounce jesteniay.
I
d-i-. ct.-j., - n.i. r...
"" "'"u; r" ouurac
. i .. t nn i ..... ,.
i rani, uuu. -;. irices were Men 15
on the Iloursc today. Ihrec per cent
rentes were quoted at 7K frnties 111)
I centimes: exchange on London, 43
' francs 4N centimes; n per cent loan,
en francs 00 cent lines
" lru"1 u" -eiiuints.
I
,
j&ock Island, Ark.
St Louisiana
First 412S. I93
These bonds are now selling
on tho New York Exchange
between 62 nnd G3. Yield at
this level about SUOSi.
, We feel that they present a
splendid investment oppor
tunity at any figure under 70.
All orders executed at Market
Carstairs & Co.
Members Philadelphia nnd
New York Stock Exchange
1419 Walnut Street
71 Broadway, N. Y.
Special Meetings
I OFFICE OF
I INSURANCE COMPANY OF NORTfJ
, Third and Walnut Streets
1 pim.Anni.iiii
A Sr"Clal meeting of the Stockholders of
the INSURANCE COMPANY OF NORTH
AMERICA will be held at ttjo office of the
1 Company on Frldiy. February Cth, 102rt. at
IS m.. to vote for or against the proposl
tlon of the Board of Directors to Increas
the Capital Stock and Surplus Fund of the
Company by the Issue of One Hundred
Thousand 1100.000) additional eharvi of
Each Stockholder to be entitled to sub-
I scribe for one (1) share on account of
every four (4) shares held The amount to
be paid for each share shall be Twenty
Dollars (120): J10 of the proceeds of each
share to be placed to Capital Stock and Ho
I to be added to the present Surplus of tb
1 Company.
jntrv TrTtgyyp .3, ,r,Ury-
Annual Meetlnga
THE PK.NNSYLVAMV COMPANY
.flit INHI'ltANf IH nv lllra i
(iUAXriM! ANM'iriKS. "-"'i
Philadelphia jan in in.in
At the Annual Meeting of the utockholder.
held this date, the following vverj elected di
rectors of this company to serve for the en-
fcuinu ear;
s w. Packard
Samuel T Hncime
Charles B P(.nroe
II D
S Pemberton Hutch
inwn
V llllnm W Fltler
decree K. J.dinsoT
, Edward H Coatee
1 Arthur P. Newbold
1 (ieorsre II Krazler
Thomas do win
Cuvler
J. Percy Keating
Alfred C Harrison
.-iiiinuri ij. vvarrlner
At a meettnjr of the director
held the
4nme riute. Mr C S. W Pun'.a-.l
unanimously re-elected nresldent
was
C S NKWHAI.I,
-creiHrv
KS?TIIi: HlI.NTIMillON AM) imTPfi)
I TOP MOUNTAIN KAU.IMAn An
COAI. CO. OfSce North American Iiulld-
1 Ini TMillnilelnhtn
1 The Annunl Iteetlnc of the l..cKhol.ler
of The Hunllnsilon nnd Kroid Top Mouii -
thin ULlIrcmd nnd Conl Pcmnany will b,
held Rt IhH oftlce of the tompanv on
TueBdii.v. lenruary , lu;o, m o'clock
.noon, when an election -v,l b.i held fori
directors for the eneulne year I
I J. D GOP.Mi.CT,
nrcreiary
.., , r, y.n."ur' -I' ."'in.
dividend of ten per rent, pajahle thla Ai
I on deposits held at least ten Mara on nnl.
Icleo In force Deiember 31 linn. I'heVlca
..U...U ... ,'imim. r-aa oeiiared
will be mulled
hetlcs 1
J. 50M11RS SMITH
i reawnrer
( OMMCHCI.M, 1HL'NT (OVIPXIsT
t nlladelpnia. Januurv ", .m..
At 1L nieetlnir of the lir.nr.1 .f""T,i-..-.t
held thl8 day a quarterly dividend of four
IllvjilemU .TSS AT TIIK l0ni ANNl'Ar, SIKETINCS
TI1K PIIII.ADKI.PIIM r'ONTItllill-ri.iv- - of the Carpenters' Conit.unr. held n.
snip roil T Hi: IVSPKANCK iip farpentira' Hall. January luth, 102U thi.
IIOt'SKS I1IOM I.Oss nv Viiji; "1,1 follow Ine OWcera were elected to airve fo?
south 1 ourth Mreet. ' "'"1 n rnpulne year'
i?.?i if,f,iii(4 ,"rr. CMlt v'iH declared on the cnp,,
i. 12, IV' "tnck nf the company, payable on Pr bru ir
rij, 10BU, ,8. iojo. to ahareholdera of record : or I th
I Checka will 1) mailed
II V MKHHISV. Treasurer
THU8TEK
Broad Street Office:
N. E. Cor. of
Broad and Chestnut Sti.
aUABUlAN
L.1 ' " ''
If
I
400 Questions
Answered Free
NEVER before in the
history of the United
Stites have financial words
and phrases been so gen
erally used.
Do you understand oil of
them? or is market news
"Greek" to you7
A free booklet, ex
plaining more than 200
which are used constantly
by brokers, bankers and
financial reporters is yours
for the asking.
Ask for No. T.U.-G80
JONES & BAKER
SECURITIES
Widencr Bldg., Philadelphia
Phones Bill, WjW6065
Ktjtttnt, Race 2290
Direct Private Wires
Offices in 8 Principal Cities
Mortgages
on
Industrial
Plants
factories, warehouses and
loft buildings. To manu
facturers seeking addi
tional capital for the ex
pansion o f existing
manufacturing fapilitics
or for the erection of new
buildings, our business1
Trading Department is
prepared to render an
unusually valuable serv
ice. Our organization
will furnish a prompt in
vestigation of your par
ticular situation with a
view to solving vour
problems with the least
possible delay.
Business Trading
Department
Elkins, Morris & Co.
Investment Bankrrs
Land Title Bldg., Phila.
SOUND
INVESTMENT
ADVICE
Hundreds ot our client!
have with tulvantaee
followed our advice In
selecting safe and con
servative Investments.
If you Beek sound In
formation to enable you
to Invest your surplus
capital, we place our
entire organization at
jour service.
IVrifc or Phone Today
investment Bankers
Members Phlla. Stock Kxchanse
Real Estate Trust Building
Philadelphia
Annual l.leetlons
fCSP NOP.TUWKSTKKN NATIONAL
NOP.TinVKSTKBN
UANK.
Philadelphia. P. , January 20 into
At the Annual Illectlon heM .Tjinit,,. 11
th follonlm; Directors wen, re-elected:
iMwaru a cnmiat (mo v.' Schaum
11. ChdB Murtha Wm. II. Severn
Oodfrev It Itebmann I.inford C Nice
John V llnnlfen John It I.lvesey
A Havmond Raff JoHenh P Wlttman
i:rtw C. Mimldhelaer J T Stuart
Harry A Poth John n Ooehrlnr
ai a meeims ni ino iirectora. field thin
I rt"y' . the '
' """" i-rf"'
J',JT
I Vlnir
rnnouine oincera were unanl.
plected
Ivwril A. Schmlilt. pr..uan,
Infnid C Nice Vice President'
luiii. n iiium r, Aai v.aanier.
I'Ynnk Yuri 'clt, Aait Paanler.
Kuby n Vale, Solicitor.
1 rank H. Masaev. Notaiy
LINKORD C. NICn,
Caahler.
rnm . HAr.NP. President
SIMlT.r. Hr 'BJtAlv-HH Vice P-eeldent
KIHNi; U HNOriSIf. Secretary
IlOnKltr M PM"rrnan' Trenifurer
Propoftalw
K3s rnoroHAi.rt ron oamiune. oils
, . "nd'ir""," ,nV, ",d?.! "'I Plnta
I n-.Knh nrr pe ut tho Ouirtpmni.,.. rj ' .s
Director of Purchnje and Htorase, nemilae
HUPP'iB Mi't.' ,-.' '""" ..uuuinr, wash
InEton. D C -Sealed nronpjala will be re.
and then opennl. for furnl.hlne naaollne
.ubrlcatlmr oils fuel
Kernsfiiv .. .-.... .. iuri nils an,
-... a reoulred by the armv dHn-. ..'.'
nllo and
May and June. 1020. IMrther Infirmatrin
on appi'c"""
PItOPOSAl-S for construction artd altera,
tl n of building Pleat nny Araeni
Do'eV. N.JV January 12. lD2uLSaIerd ??,.
M will be leielved here until i P-L'
January 7th, 1040. and then opened, tor
constructing ad tlnlshln j extension and ai.
t.ratlou tu bulldlne 117. further Inforl
rnatlon
upon application to
cunitructlns
omctr.
23S"Pll()P0hAI.S loa OKKUUIMi
" United Htateo llnilneer Ofllce. Phiii.
delphla. Pa ' r""
Sealed proposals will be received her
until M noon. I'ebrtiary Id, 10JO, and then
opened for drediflng- In Delaware river l
rnh'L'1p'!ffi!i,l?o,"'rb0r 1Ur,h" t-torSSVlo'S
PIKIPOSAI.I
mi.i. iik
HKri'lVtfn av
otllco of Constructlinr Quartermaster
Langley Field. Hampton. V until 2 p it
idiruary ii, iiu, ana then opened, fur
erection of two eeaplauo hantara and alter
atlona and I extension of exlatlnc Olrttlbte
Hanr.r. Plana and apeolflgatlon may bi
ubtalntd at abova a,ddresa, w
MOROCCO'S
Open Door
WITH an area four times that of New York
State, and with immense agricultural
and mineral wealth, Morocco is under
going a development which makes it a promising
market for the United States.
Railroads and highways are being built, new towns
are rising and harborwork it progressing. For its Euro
pean and native population, nurnbering about 7,000,000
in tho French zone, Morocco needs cotton goods, sugar,
tea, flour, candles, soap, hardware, silk goods, boots and
shoes, agricultural machinery, lumber and petroleum.
Tho Bank of British "West Africa, will be glad to
assist American merchants and manufacturers who roquirc
the services of a woll-equtpped bank with a strong organiza
tton in Morocco, Egypt, Canary Islands, Gambia, Sierra
Loono, Liberia, French Ivory Coast, Gold Coast and
Ashanti, Togoland, Nigeria and Fernando Po.
Our New York Office will supply
further information on request,
i
Bank of
British West Africa
New York Office: 100 Beaver Street
n. n. APPLEn-r, l ..
ROWLAND SMITH, -AS-nts
Head Office, London
Credits in the
Dutch East Indies
SO IMPORTANT is credit in the Dutch
East Indies that often it takes precedence
over price. Numbers of small firms which
are well worthy of the customary credits are
not in a position to avail themselves of cash
discounts. Before the American manufacturer
can decide correctly what policy to pursue in
such cases, he must have reliable information
as to the financial standing and commercial
habits of each customer.
The Chartered Bank of Indiu. Australia and China, by
reason of its own branchesand agencies, can supply accu
rate information for its clients about mercantile institu
tions in the Dutch Kast Indies or elsewhere in the Orient.
Branches and agencies are also maintained in the principal
trade centers of Siam, India, China, Japan and the
Philippines.
Call at our New York office for any
form of Far Eastern banking service.
Chartered Bank of India
Australia and China
New York Agency, 88 Wall Street
William Baxter, Agent
Head Office
London
30 Years
in Export Banking
INTIMATE KNOWLEDGE of the needs and
habits of the people, acquired by years of
experience and actual residence in the countries
themselves, is essential when transacting busi
ness abroad.
Our 23 branches in South America, 8 offices in Europe
and direct connections throughout the world round
out a service broad and comprehensive in every detail.
Anglo-South America
"BANKXIiMITED
New York Agency, 49 Broadway
Head Office F. C. Harding, Agent Capital and Reserve
London W. M. Dawkin, Sub-Agcht Over $32,000,000
'p
tn. x .jas
i t.-r
esktl i&),
W,i',i
rTT?Vt . Xsl Af S it- i
V-VCI '
400 BRANCHES
AFRICA
m
BnmKiVi
VfM
i'M
r,
iVAiitwcrp .
IkU-'
.$$&
?:'-&
r nrirlnvi iA
ll .VI s
fcil lumnu-i-j"
ur
rUTioNai Bank or Souim Aralc, ito.
-. l.bOiV.. 1,WJ HMnVI
Wot AMurCM CW f 217,000,000
Lawrence E. Brown & Co.
CERTIFIED PUBLIC ACCOUNTANTS
1015 RK.U, ESTATE TnfST llJJJO.
lnvrstlsals uud udiuet iiurtucrauiu una
corporation accounts. Also prvixm V. S).
income Tax llrtnms.
Capital and Reserre
Over $24,000,003
J
:
""iimiifi" isss3Jtim
European Business
MANUFACTlIHINd KX1XJJ;
TIVE will spend to monIM
in Europe, nailing in lcbruarjt
and is desirous of mailing en
gagement for his benicfS iw
a part of the time while ."
Una B.icceaKfidlv unpr lUetl far. Wfi
lean tlniia foreign mar I ""K,, i.
in.iiiiifK.turliiK oiiportun tlr " 00.
vestlKntrd, ai milrnl nil ""'"j firlU
fiuturlnir inethnds. rlxhjH, anjLlj"
lira, as writ aa I'rodut e IJ'vJtirt.
la un Amerlcitp iltlten. "?' ,.
nlriilly trnhied, ,'n"a,,r,', Jiird I"
xlnerrlni: s.-lrtlea w'i'-jr?ffl, W
modern enxlneerlnx. 'n,"".'rl ifl
neaa nnd llimnilnl niethoy. JJ
3
I in lansiuixra. u "","",, n n I
In best of bwllh.Hr, ''" ft t
ilevelopment qua IM I ?. ,," b"lV I
ilusa nf men. 'an '""'"', beoa.
ami tnnracirr rrjn-,... . Kuiuiri" I
Time llmllatlon by I',','" Jli. reW i
and proximity of aalllnit f',,,ftf I
It necessary r ImiulrrM torilT I
llculars ;eTmlttln ' r's. '(H
nrni wfthln the .Premises j; s
..tu .nui.i- them te, drtrrnun7JMta
lsablllty of nrj-dtlatlonf "
' Ilox II 414. Tublle lAitft
rirfiiin"iiinwiri''t
the
the
niej
hat
lis
intc
hea
1CC(
stir
Got
and
the.
Som
adm
to I
pun
The
the
high
i esig
rcsip
rxph
Ihoti-t
leafe
I igan
vvitht
Ksignc
to CO
uctivi
iWsio)
hianj
fon I
nten
Toh
Belgi
the I
admi
confc
1
cfth
his ;
invitt
ana
'istrat
crnrni
ond
natioi
m the
Jour
I am
that v.
to do
man
Belgii
0
"nine
religi(
Irtrini
legitii
dniin
.luestii
A
(1899)
'fnir.ei
fesentr
feared
wicla!
t the
EN'S
Nar,
Mar
fort
rlne i
'allcnti
d.1 o
;rldar
"teem
'owed o
r tfpil
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'th ;
Dro,
' coi
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'SKIS t
'!- t
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