tsr T.i; ft ,W I (txnttaMMMMaiiaaMha , .JLONao AtooK M ARKET p ,,... 4 Htrlctlona on the Borrowing ,A l;v v P. Fundi Unsettles Securities Ifarikm, Feb. 24. Restrictions on t9 borrowing of funds, and fears that itfct Bank of England will advance Us ata of discount, unsettled securities e the Stock Exchange today. tfnero was a recovery in the oils fol JwttK nn ovemlRht slump. Shell Trans tjrt was traded in at 12 1-10 and Mox Jean Etglca at 11. The industrial department was "dickered. The Btlt-edjred section drooped ocaln, nod homo rails sympnthlicd. Grand Trunk and Argentine shares were wenk. ' I i" r T"1TTsW1MIssssiisi Hi I i J BUSINESS NOTES 1 In presenting their report for the year 1910, onicers of tho Wilson Co. employes' pension fund will report a contribution of $50,000, mudo through tho flronoroBlty of Thou. 15. Wilson, president of Wilson & Co. The- report will nhow assets of over $562,000, accu mulated In less than threo years. Of th.li amount $200,000 hat been contri buted bv tho company. Weekly deduc tions of 3 per cent aro mime- from salaries of employes. After twenty years' continuous service, and upon reaching tho aro of flfty-flvo years, em ployes may be retired, and at tho ago of slxty-tlvo years, are retired auto matically. For each year of service, those ollfilblo to participate In tho i,fJ'VJ :$ii !! ynntff ri.vfoWwr ,V?f..' fund are paid, on the iyr af 2ft4 "far cent of their annoitt salarjr. With tinslnes of even intuit Arropar tlons lacking, It has been dlfflfcwlt for tnnnors to quote the hldo mar'tet; but the price trend In unmistakable down ward. Tanners contlnuo disinterested at present, confidently expecting k further decline, and packors, though rvluctant to talk about prices, aro said to admit that a break Is Inevitable. llesults t the London and New York fur sales Indicate that dealer aro grow ing moro conservative. Pr' advance on most furs were slight ljt comparison with tho sales last fall s.ml spring. Milskrat failed to reach U)v high prices predicted by many of tho opttmlstto doftlcrm Many of thoo who asserted that the best skins ubuld reach $6 or $7 failed to oia moro uuin o ror sucn skins. LOMDOr METAL. MARKtf .IfSw Jrfc. Ft. 24. Cabin ndvlc.es received r-,-.," 3?,w yfK metal exchange this morn SS 'V,01? fT.lcTS I" Iiondon today no follows! Tin spot, . 115 loss futures. 4f.,an ad vanco ot 16 10k for bolhs strait, 415 10s. as upturn of 14 10s. Hales Spot. 100 tons '"tures, tiOO ton. Standard Copper Siot. "11. a iraln of 10s: futures, 128 12s M, VP-i2s 6,h nle Srot. 1B0 tonus futures. lft.iO tons. ..Electrolytic Copper Spot. 123! futures, 1131. both unchanged. Lead Spot, mus ami i u lures. oa as tin, potn uncnana-ed. Spelter Spot, uncnangcu. s. B.I 111 10s; futures, 03 10s, both THE EQUITABLE LIFE ASSURANCE SOCIETY OP THE U. S. ' g " 120 BROADWAY, NEW YORK The year 1919 was the most productive in the Equitable's history. NEW INSURANCE issued and paid for in 1919. . $454,839,437 An increase of 181,615,878 over the previous year. During the year the Two Billion Mark 'in Outstanding Insurance was passed. OUTSTANDING INSURANCE, Dec. 31, 1919. . . $2,270,903,931 An increase of $346,365,353 over the previous year. PAID TO POLICYHOLDERS IN 1919 $73,990,176 97 of the domestic death claims paid in 1919 were settled within one day after receipt of proofs of death. PAID POLICYHOLDERS Since Organization $1,?02,291,677 ASSETS, December 31, 1919 INSURANCE RESERVE . . . $493,390,577 Other Liabilities . 17.418.76S SURPLUS RESERVES: For distribution to policyholders in 1920 17,191,084 Awaiting apportionment on $599,423,919 514,809,342 deferred dividend policies .. For Contingencies ............ r. 54,300,085 17,123,408 ,$88,614,577 3)599,423,919 The above figures are from the 60th Annual Statement t which will be sent to any address on request. The Equitable issues all standard forms of life insurance and annuities, including the following: A LIFE INCOME POLICY under which the beneficiary receives a monthly income for life the safest and the best kind of insurance for tvamily protection. A GROUP POLICY by which an employer protects the families of his employes. A CORPORATE POLICY? to safeguard business interests. A CONVERTIBLE POLICY which can be modified from time to lime to mcet changing conditions. AN INCOME BOND, to provide for the declining years of the purchaser. AN ENDOWMENT ANNUITY POLICY maturing at age 65, providing thereafter an income for life. AN EDUCATIONAL POLICY providing a fund for the college training of a son or daughter. A CASH REFUND LIFE, ANNUITY under which the total return may be more, but can never be less, than the purchase price. The following provisions will be addei! to the policy when desired: 1. In case of total and permanent disability: (a) Premiums will cease, (b) The Insured will receive a monthlv income, (cj The beneficiary will receive full face of policy at maturity. 2. Double the face of the policy will be paid in case of death from Accident. A non-cancellable Accident and Health policy completes the circle of Equitable protection. W. A. DAY, President PHILADELPHIA CLEARING OFFICE!: COMMERCIAL TRUST BUILDING, nr.nitor r. ott ini0ertr of eueie. !. l. L.VNfrLl .Agency Superenr. HEMNETIT OKAJTAJl. General .-ent TJI11 I. L. IlKGIsrF.R .IGKNCT. fr. H. I.ANG SON, Gencrul gent. VM. Jt. IIOIHNSOV, Kepresentatlie. KCGENB O. MOSIUIt, General As-eot. JVCOIt AH.II., Oenerul Agent. BOBT W. i;L1:vi;'GK1(. As-ncy Manager, I'limnre Hulldins;. C M. roSTEIt, Axucy Alnnager, Commonwealth Trust Ilulldlnr. A. 8. OI.ASKR. Anno- Ma.imcer. North American llulldlnir. J. X. IXNAJIEN', Agency Manager, Drexel Building-. A. B. I.nVY. Agency Manager, Corrunonwculth Trust Uu .lug. It. B. TAYLOIl, Agency Manager, Stock Exchange Ilullillng. I Ames, Emerich & Co. are pleased to announce the opening of offices unofer the management kof Mr. Ambrose W. Benkert in the Trinity Building 1 11 Broadway, New York for the transaction of their eastern business in both the purchase and sale of Government, Municipal, Railroad, Public Utility and Industrial Corpora tion Bonds and Investment Preferred Stocks. Telephone: Rector 2631 Prices Firm on Paris Doune Tarls, Feb. 2-1. Prloos wcrp Hrm on the Bourse today. Three per cent rentes were quoted at r8 55c: ex- chnnge on Tendon 17f 8."e; 5 vcr cent loan on nvc. une uoiinr wns quoted No Change In Refined Sugars New Yorlt, Feb. 24. Refined sugars remained unchanged todny both as to conditions nud prices. Sn1ei of raws on Saturday consisted of ilO.OOO bats of Porto Rlcos lu port and afloat at fMd contB c. i. f., to a New York re-iner. Philadelphia Markets GRAIN AND FLOUR WHEAT Receipt. 8B07 bushel. Tho market was unchanged. Quotations were aa TRADE BALANCE FAVORS U.S. January Increase Was $237,000,000 Despite Forclfln Exchange Situation Winston, Feb. --", Htntcs fig- l nara wimrr. -- wM vmii .wv.vw ..- -.. -- - No. 1 red winter, .garlicky. . 2.87 1 urea made nubile? today by the iJcpaiw no. l rea smutty. 12.301 No. 1 red. gr- mn f rC.n7n.o nhnvr. BOtn ex iicky and smutty. Hat. Tho United stts mclJt ' Commerce snow . "". araln Corporation's ourchsse of vrhest are porU and Imports showed j "ur? lissBil on the following schedule of discounts: flic vnhie of rnndtt pent out Of tne COUn- No. 2 wheat, no under No. l! No. 3 wheat, " V ril ?WW fHlO and that of po tinder No. 1: No. 4 wheat, 10c under No. "y Ming 531, 000. WUnu 1. No r. wheat, lie under No. 1. . thoso received S4T4,000,0OO. cohn Keceivtt. 8288 bushels A Tradi The MDorta compared with $082.- waa nulet, but prices ruled steady. Wo nnl.cfl,0"a 11,,1 (vn 000.000 quote new, as to quality nnd location, at 000,000 in December nndT''V':' UjSMM.es. the latter for No. 2 yellow. ln January a year ago. Impojta om' ?".?"" ""I P'! we. .teadlly.hold. Pared with $.00.W"J in MUlworknd Lumber Our Specialty Stock Sizes Window Frames, Doors, Sash, Mouldings, Stairs & Porch Work JAMES SHAW 52nd and Woodland Ava Call Woodland S72. West -107 'mww Sale of Buildings and Equipment U. S. Navy Training Camp, Detroit, Michigan. Sealed bids for the sale of the buildings of the U. S. Naval Train ing Camp, Detroit, Mich igan, will be publicly opened at 10:00 a. m. on March 9, 1920, ac the Navy Recruiting Office, Journal Bldg., Detroit, Michigan. Catalog of this sale may be obtained from Lieutenant Com mander N. B. Farwell (S. C), U. S. Navy, Senior Member, Board of Sale, Naval Training Station, Great Lakes, Illinois. How To Trade In The Market and other rules and methods of interest to busi ness men arc given in our free booklet, "The Invest ors and Traders Guide." It tells: The General Kulcs of Trading. How to Give a Broker InbtructiuiiH. 11 r o K p r s' Coininisbion ChurgcH. How to Endorse a Slock Certificate. How to Use Collateral in Trading. How lo nienlH. Group Invcbt- The Deposit Requirement') for Carrying StockH on Account. The Ilights of Stock and liond Holders, etc. Written in simple lan guage and easy examples given. No obligation. Edition limited. Call, phone or write at once. Ask for No. T. U.-69S JONES & BAKER SECURITIES WldenerBldg., Philadelphia Ptunttliill, Walnut 6063 I'fjilonr, Kace 2290 Direct Private li'im Offices in 8 Principal Cities iiuaicu ,l)U!,uuv,w" -ilo ii su i...t.a n frnno )bi , packed In 140-Ib. Juto .nek. Soft win- iySr.txJKuJf r?R ,ii balance for ter straleht western. I10.78O11.SJ: do. do. ?1,82U,000,000. JIlO trade 0"' " nearby, tinoswu: hrd winter. trtht, the corrcsnondlnif seven months tlie year hj.jovsi- mi ao. gnort patent, iaiaia.oo; i10fn,. , oofl 000.000. cprln llrst. clear. .80O10: rto. patent. . UeJr? ,wnB 5V ' .Vr.wn mor tl2.n5i.io; .iiort, patent. iia.60Oi3.7os Gold Imports for the seven mot fancy prlnir and elty mill patent, family I period amouutrd to 538,00U,OOO, ttpo6 Cotton Liverpool, Feb. SI. foot cdt ton was quiet today with prlcta eny on the baals of an advance- of 0 polnte for middling at 30.23d. Sales wore 0000 bales. Receipts werp 20,000 bales, including 21.000 bales American. Futures were quiet In tho early dealt Inj s. Spot prices were : American middling fair, 35.23d; good middling, 32.23d; fully middling. 81.88d: ntid dllng, 30.24d; low middling, S0.J3d; Kood ordinary, 23.73d and ordinary, 22.73d. '.' "i HVM, oVenS7bS: Panama coupon 2. io Pli rnamaM.i.,.r "". ,loo Panamn coupon S, Visl M' hi 'i Panama coupon 8. loot""'""' H JhUPlna 1, JJ : 88 01 ssfes ? wat oi&Wff&ss 3::iS3 m .. 87 v-i 114.10 ? 14.40. brands: HVK FLOUR told bIottI? at 19ffD uui Hi e-acK. PROVI8IONa Thcro wa a limited Jobblnc movement and lltllo rhanife In Prlcee Tlie fcllowln wr the nuotatlonn: Ileef ln et. cmokcJ and air clrlwl. 51c; beef, knuckle and tender, emoked and air dried. fi2c! Dork, family. Mr. bams, B, P. cured, loose. 2720c: do, allnn?d, looc. SUkOtUAUc: do. do. smoked. .'Vj SSittoj liams, lulled, bonelcs. 3C! plenle ahou.der, H. P, cured, looen, 23c; do, emoked, S(o; bellle. In picnic, loose. 23c; inuiuaoi uacon, ic; laxa. xuc DAIRY PRODUCTS Ill'TTER Tho marl;et nu qulot und lo lower. Quotatloim M lll-packed creamery, fatiey, hlsh-scorlng , mil, flrsts, tiOTtc: rxtrae. (I So; extra flrbls, UtO)7c; nrst. tiMi U2c eeeonds, 62t51c: ewect creamery, cliolco to fancy, ,0072c; fair to enod, BafflUac; prlntu Jobbing at 784780 for fancy, and ut 056 73o for lair to choice. UGGS Trade wa dull and price broke t2 10 per case under lncreaalne supplies. Tbo riuntHtlona follow: Free cases, nearby tlrat, 117 In per crate; nearby current receipt, 11H Nt: western extra flrsU, 17.10: western flrMtM. lin.riO. He.lnrtrrl freah erfra lahhlnff at lUfrOOc per dozen: cold atoraao emu. nom inal CHEE8U Trado wai slow and tho mar ket ruled weak, but without Quotable chance. Tho iiuotatlons were an follows: New York, whole-milk flat, held, fancy. Sic; fancy held special hlsher; held, fair to cood, i'tCJUTC, current make, nominal; Wiscon sin wliolo-mllk flats, held, fancy. 31c; fancy held aneclal!, hlirher' held, fair to rood. SOU :(vjc. Jobbing; sale of fancy held sod. POULTRY LIVE Hecelpts wero light and tho mar ket ruk-d firm on fine fat stock, demand for whlrh was equal to the offerings. The quotations: i own. line lat. wwuc; uo, Inferior 3S3l)c: broiling chicken, fancy, sofl-meated. wetchlne 1H O'J lbs. apiece. 0W3fc; spring eblckena, averago soft- meatea. 4on uo; no. mrerior. ascavo: ataxsy jounr roosters, 2B30c: old roosters, 2.1 .Hr ducks, while Pekln, HUP 40c; do, Indian Runner. 40042c, do, Muscovy, 28030c; scene, fat. 42U48C, do. average, a0fi)3Bc; turkevs, 40945c: pigeons, old, per pair, 83c; do young, per pair, 45000c. DRESSED Pino stock wa H cleaned up end ruled firm. Quotations: Fowls, fresh hilled, dry-nlckcd. In boxes, weighing 4 lb. n1 over aplec" 40c; weighing 3'4 lb., SSI .lie. weighing 3 lb., 33&31c: fowl, freah Icllled, In bbls , dry-picked, weighing 4 lb and otr apiece, 30'4c; welghlnc VA lbs , 33 a3U&; weighing 3 lb.. 31033c: old roost tcrp. dry-picked, 27c, broiler. Jersey, dry picked. ORiBoOc; do, ordinary, nearby, dry- v irxcn. o.-.toc. nroi era. western, a nicked, welchlnc H- (f0 2 lbs. aolece. 4S SOc. roasting chickens, western, drv-nlekei In bbls., weighing 4 lbs. and over apiece. auvoic. wrisii.iiK on turn, Kyicve- uiwimv, weighing 3 lbs. apiece, 34US5c: weighing 'i' lbs opleco, 4142c, western corn-fed chick' en. 12 to box, 17 lbs. and under to doz.. per lb. 45ft JHc; 18 to 24 lb, tn dor., per lh 4504RC. 25 to CO lbs. to d02., per lb.. 40'it42c; .11 to 36 lbs to doz.. per lb., 33 3ttc .17 to 42 lbs to doz.. per lb.. 33& Hie. 43 to 47 lbs. to doz, per lb.. S.V03uc, 48 lbs. and over tn doz., 38(?40c: capons, western, weighing 8W10 lbs. apiece, S40B5c: some heavier stock higher, welghlnr 7 lbs. apiece, C2c; weighing it lbs. apiece, 50c. etching a lbs uplece, 18c; turkeys, Dela ware and Maryland, fancy, 00c; do, Vir ginia and other nearbj. fancy, r850c: do, nearby, fair to good B3WB3c; do, western, erring, fancy, ly&rsOc. fulr to good. r,S& 3 Re: old tomB. 45c; ducks western. 38(R40c. geeno, western, fancy, 30032c: do, fjlr to good, 23 fo 27c. months' n.tj ."-.. ..rl in S38.00U.00tl. tta compared vTHb4)0,OOp to JM0" i. mn nf)t nr n?nlnt S2.4.0UU. Export of 'silver for tho sarao period amounted to $122,000,000, compared with $170,000,000 in tho corresponding period tho year before. Gold exports for the month of Jan uary amounted to $47,708,038 and Im ports to $12,017,551. Silver esports for tho month totaled $24,027,078 and imports $3,863,251. Financial Briefs FRESH FRUITS Holders of General Electric Co. three. year, 0 per cent cold notes, due July 1, 1020, will receive threo pay ments therefor at par and accrued in terest upon presentation at tho office of J. P. Morgan & Co., Now York, or at the office of Lee, Iligglnson & Co., llostou, Mass. The New York Subtrcasury gained $210,000 from the banks on Saturday, making n cash net gain slnco Friday of $5,820,000. The uverage price of twenty active Industrial stocks advanced 0.00 per cent on Saturday to 05.03. vhile twenty In dustrials advanced 0.57 per cent to 70.55. Tho btook list committee of the Phila delphia Exchange rules that contracts made iu Insurance Co. of North Amer ica warrants, deliverable when issued. shall become due and be settled on Fri day, Pcbruary 27, by tho delivery of the warrants. The Now York Public Service Com mission hns authorized tho issue of $10,000,000 bondB by the Boston and Maine Railroad in accordance with the reorganization plan under which the railroad administration agrees to take over the entire issue. Which Is the Best Automobile Stock? THIS question discussed in the F.fcr 21st issue of The Magazine of Wall Str in a special article analyzing earnings, assetV capitalization and possibilities of ?! ' automobile stocks. clCven The distribution of all cars, passenger and commercial, is one to fourteen of ponulatlAeT r ti,end tth,c bor H1 s!t? Hee reached the peak of production? The author, by exhaustive analysis ser possibilities in two of the eleven stocks ami gives his reason why. na It will pay you to read this article as a Euide in selecting investments m the automobile field ' Other Important Articles in this i.,uo of THE MAGAZINE OF WALL STREET Thirteen timely articles on the financial hnci and investment situation: The OUTLOOK " c,s biased, impartial and authoritative; fifteen ser'nrl?" analyses; fourteen departments, including RrK LOCAL MINING STOCKS TONOrAlt STOCKS ma. Cas.h r.nr 07 Jim Butlr MncNaraara. . . Midway Mlzpah Kit .. Montana ... North ftar . . Itcacue Hula . Tonoptli Uxt went Hnrl ........ .S3 4 .14 .10 .10 .07 .1.1 Wot Ton 0 DIVIDE STOCKS Allied Dl O'J Alto Dlv OH iieicner tr ucn iiur 04 1 Ilrouili Dlv nivldo Uxt . ... Dlv fjna Dlv Con Dhldnd Just Dlvld . . . . Ilimbrouck Dlvldo 1II3U i?fiir .... Ilewrt Divide .... It'.llr, Dlvldo Hi.H-ttu. Mlvcr Klnc ion JJIV '; .02 .0.". .1 1 .0:1 .1)2 .02 .so .0.' .on .0) .iStt .14 II Dtnnd wie modcrnto at rovlsrd tlfurea Quntatlous: Applea, per lbl., hk to iuallt. tMSB. do. VT box, Jl.riO0 3.7O. Cranlc--rlec ,por bbl., 4ft8: do, tcr crat. 7.VB J2 30 Oranci-.i. norld. ver bo-.. t4.T0HH. Tanirorlncs, Hcrldn. per 'i-bor sa SON I Tun IlaKbrouok .oo urnpciruu, i ioriaa, pr iox. i r,ui0 viclory Dlv 1 Strawbrrle, Florida, pr qt , -tO&OOc. 1 Verde, Div IZono 2) . OOLDriELD STOCKS Offering were moro liberal and the mar- Atlanta 02 l(.t v.hb wenker. Quotation: Whlln vxjta-' Hluo Dull 02 toee. I'ennnylvanla. per rwt., tt.HU"; do, Booth 04 Yorlt. per ewl , H B01 7.V Sireet C. O. D 02 potaloe-0. southern, per hftmoer. $1.I0&2.40i romh l'Var 03 do Jerey. per bslu , 1.50SM B Talibare. Craclierjack 05 New Yorlc and Danish, pr ton. 7080: do. Dlamf 13 II Ol 1 lorlda. ir hamper. II 73'A2.2i Onions. Dalav 0' per iihi-id eai-Ki veiioi mo. a 5-l.aooi Klorrneo VEGETABLES do Vo t4.soas.7r llloldfleld foil Combined Reserve Bank Report Washington, Feb. HI. The weekly report of the corabinivl ronilitiou ot the twehc I'ctleral Rcscrvo llaoks at the lo5P cf busiDC&s on Friilay, February 20, nnnuunt'M by the Vrdcral ItescrC Hoard, is us 'follows (000 omitted) : Cii' d oiii nd certlfl- .tt in ault .... 'lol I ei-'tlrment fund i .oil with forelen .JTlCtrH Toui iol held bv I .lli9 ' I ith l"ed. Tim .-'.ntu (old redemption with I s trcuHury .... t ;..! Inndfr. eller iificatea, wub iury coin . . 'al TPdT ea . . . r .- dlfcouulfd PC ifd by pov. vur . l iluatlonu . i othr . . . . I ula beuuht In open injrkct roul ldllt on liand. t - pov bond ' H Victory tiotim. I certtflcaffB of lebtw-JnM. Tola! othr -arn-inir astetrj 1'irik pretnli.. . . I n'-olleeted Itcnm di-duet from gronH l-Pjiltri) i rtdniptinn fund wculnst Ked. llie. i4nk noten Ml other resources. . r.i:pourtcni? lb J20i) 973 390 138 112,.22 Teb. 13 1202,125 424.032 112.822 1700.033 1740.079 1 150.70S 1.121,757 10.033 128.G44 11.000.814 11. 898, 30 63.C20 03.133 12,033.410 J2.0r,2..',l:i i.rcvi.soa i.4cr,r,B2 833.321 b23,S73 331.703 342.C0O J2.hP0.227 12,83().033 -'0,77.-. 20.775 113 03 283. 10 200,317 j.i. 163.073 ;rt,ir3,ioo 11.144 11,103 1.029,033 1.032,333 1 2.72-1 3.831 12,114 4,122 Total resources . . 10,278.487 T.IAIUMTIEH ' ipitul T'jid ln .... 'urplu (utarnmint depoiltH. Iu to members ro- n r account . . . deferred inallal.lllty It cilia iher depoHlta In i clud. for koy. cred. no r,3i 120.12H 73,r.87 1.828,801 &1C.O0O 3,300 (0,283.373 JS0, 075 120,120 21,218 1 837.80". 880,431 71.044 240,853 31,404 I Total crofi dopoi. 12,813,430 l'od. Iteb. notea ln artual circulation. 2.077.124 i Id. Ilea, notea In actual circulation tin liability , All oilier llabllltlct. I inrlud forelfrii so t innicnt credits Total llabllltlea llano of total re serve to net dcpoalt ind Ped Ilea notn llithlllilea combined Itntlo if gold re prvea to Fed Ilea noun In circulation, after at-ttln; aside Tit atalnut n't de posit liabilities 12,830,378 2 000,087 213.057 31,100 'l,27h,4i7 li),28r.,37(i 12 7'i 47 4",. s: ln, lllXIKT trKAItlMIII'i I MERCHANTS & MINERS Transportation Company Ettitlillaliftl 1884 Millions of l'ak.rnarra farrled Not u f.lfn Io.t COASTWISE LINES rhllndclphla lloilon. U'eil., Mat., 3 l. m rblludtlutua-HiittinnuQ and Juckon,ll. Friday. 6 P. M. ' l"relcht only until Mar 1st. HA VAIN A Freiaht-PaiienEer rroni Norfolk Kirrr 10 Days 8. H. "OnUrio," rabniary Sfllh fUst-CIa;. Fure, fiO.himrlal Itoonw Extra llarrlsa. Maicill ti Vo.. Inc. w Itookliir Afdntfl M So- lu,l.iTnMi3i!.NilS.k- Vo- "d Tier IS So Deljuiire At., Vlilla, Extra by American Manufacturlncj cw lorK, tub. L'l. Tins Ameritmi JliiiiufneturliiB Co. Iiuh (lectured un iixtra dividend of .5 ii hharo in adtll tloti to tho regulur quarterly dividend of l' per cent on tho common und resuliir quarterly dividend of IVi per cent on the preferred Ktockx, all pay able March SI to sloek of record March 15. BAR SILVER Commercial bar silver was quoted In Now York toduy at $1.10 an ounce, down 1 cent In London, the price ins uiii'haiigeil ut Sl'd 1oldn!d Merger 02 com upv i rcnt Bend 02 Jumbo Kxt on Kewanns oj tno btar 03 Oro ol Heel Hill j.l Mlor IN. It 5i Spearhead 03 MISCELIiANUOl'.S Amparo l.7ii Arls Lniud 13 Hili-n '. Mother Ijidn r.n Nevada Illll n. etuda Hand 2u Promontarlo Nevad W'der 17 Teujpa Mlnlns 1 AVIilto Caps lo Ask. .00 .23 .17H .12 .13 .00 .23 2" .08 .04 .03 .17 .00 .25 Ti .01 .03 .10 .or, .04 .03 .25 .111 .03 .03 21 .15 13 .13 .31 .03 .03 .0(1 .03 .l-l .07 113 .03 .30 .15 .03 .15 .03 .OS .01 .03 .03 .05 .23 .07 l.RO .20 .0.,Si .0 . ur 2''S .13 .15 $6 May Save You $600 One idea in a single issue may make or save you hundreds or thousands of dollars. I8 not one usable suggestion worth $6? A year's subscription will bring you hundreds of such suggestions. AT YOUR NEWSSTAND or mail th Tlie Maxai ln ef Wall Mrmt. 42 nrvadwoy. New York Clt. r .13 cento for Kebruarj I enclose, i tt for u trial subscrlstlo one year u subscription r .w. renin Tor Irhritaf-r- PIh, !,, j II for a trial subscription of four issues -. u tur ui e coupon. M Tri 26 Issues 33 cents a copj-. Namo ' I Addrc: I I'Mni LIVESTOCK QUOTATIONS f'hlcarn, Keb. 24. HOOS rtecelpts, 38.. OOO. Lower. Hulk, 513 7riiiM.2R: top, (14 r,0: liea-v 13.n0tol4. medium. 113 8SW 11.33; JlBht. 14.1Stll.f,0. Ilcht MaVs IHtt 14.30; lu-ay packing som. smootb, 112.25 Will; packlns sown, roufh, J12&12.S3: Diss 113.23ill23 -rau. Jiia. CATTI.K lter.pts. 14 Oro head Steady Heof steers, medium ard heavy, choice and prime. JKI "'16 111, mertluni and i-ood, (11.25 StOaBeA,V.,in,0itM. ''."' ""V11"" "1 medium. Ih.noQll HO, li'itrhrr m't heirerp. 1(1 30 (IS lS.r.O: c.. in.r.0011 2- Jni,,n, 'a, cut tera IjainriOijeal ealv. Jir.ti M 30. feertef lo""' ,i:10n('0, '"-"'r steers. lll.oOW BilKlST nivlpi, 1 1 ooo head. hteady !-.tt.ln-b."i,-17cl08::u0:i "''" nd common. I tT,'-re"""dLum' 0d and choir? tll..uvll0, culls and c immon, tifl0.73. rlllfcbtirk-ll. Teb. 24 HOflS rte-lnl 1200 head, Lawer nwHiU-'t l,.'ri.v.-,irkerf' llf'f.o, I aht sorker.' 113I&15.23. uIks. JI4 10O14.00 JorKcro' SIIBICS' AND LAJ!li.s-lic;ipt. 100 head, B,????virXOD"h,1',v J'5 "T lambs 121. ' Top, IS1 P " h",(J- aady. Knat I)un"ici, y, v.. 1, ;i TATTr f n'.c?,p,?V?1' J,kd Hieadv. CaTves. 7 '"Vi&.j130, ''"' s""d. Jflffi22.50. 1ICXJS Ilei-e pto, hOOn head Slow T luht 25o hlcher. hy ' Jl ,, 'l 30: ,n S. :4fi, Jl.''J y?!X- S orl-ru and pics. 113 .,ea!.,.bladUnchSK-1U"lp,' ' Kaht St. TAtrla, III,, Teb "1 lirii-:cj t,. ..-"- -',"' ,."..., ,Hit. r mill It. in flfifl ncavy, i3 25'al4 medium itn Vsn llBht, J14.40W 14 73;' llih1tnVl.ht2:7tf'i t mn tf ni ... ..".". : is "-'" PMIV r wIa i,c'V PaN'n;j hows, smooth tl t Preparing Against Falling Prices Wc believe that a better knowledge of why merchants should buy wisely and sell pru dently, collect promptly and keep their li abilities reduced to the lowest possible point, will serve a good and useful purpose in averting any crisis that may arise when prices start to decline. In this connection wc recently asked leading manufacturers and wholesalers throughout the country just what business course they felt should be followed in order to avert such a danger. Here are several typical replies: "The greatest safety in the future merchandise situation will be by avoiding all speculation and buying and selling on the shortest terms and for the quickest deliveries." The time is now ripe to preach caution and conser vation." ic general answer to your questions can oe stated in three words Do not gamble. " Wc believe the policy of the trade should be conserv ative, and at all times be able to make a quick turn-over of stocks." The consensus, of all opinions wc receive will soon be available to the public, in booklet form. What do ) think? Write to us. AMERICAN .CREDIT-INDEMNITY. CO. or NEW YOr.K E. M. TREAT, president "TIIC COMI-ANY THAT ISSUE "IIS UNLIMITED POLICr" W. J. Morphy, Mgr. J. F. McFadden, Gen. Agt. Mutual Life of N. Y. Bldg. Philadelphia, Pa. Vhu,t, Mlbert CSOi 1 4 75 II 73 (l 14.110 u. -a7''K eIPt. fif,00 head. Steady lle-f steers, medium i.nd heavy, choice an, prline. II I Ills medium and good. 1 1ll U IM?1 cWl!n.J'!'. lUrl.t. tied' unS -.! in, roiniion nn1 i,i,.m $k nntji r...r vr " nu niraium uuiriirr iuiiia i-itf ..-,. 18.50: cows. J7.i3iftiV. ' "V- !-" ar J Ftrf.T . --' l"HIrfl HIIQ CUt- mim Vlflll'n1 'J.'V ,Uht Rn,J n0 1150, itccker Mer, 1710 30 ' ,8-COt I,'' a,ce"I)"'' mii l'J- No esrly UnnsRH fit'. 'Mu., 1'eb "1 irrwiH t, eelol,. 13,000 hesd W,k Iik?l3?m 13 S3 hem leu. 11.1 l .?., 1U,K' Jl?.-.'W 11 40SIK. iifTh,. ' "iT,'iS:. J"uiums, ii . " Z-. :-l'l' - U ill HI 1 I .ill! IlfPli "rSoj'W: fiiT' """ "wi. 5ft ilU.88, medium nnrt nrvJ i , iwV.'ol''. :-:.""".' RIIU lammra. innnuiiiio. ht lw.'i iniNWMlD ennunem fjmil.VI. hutrher ruttU, helfefs 1 i kftaS t. n. 73HJ 11.110: "ve,1 X ",", tJ?!: iir-IoSlM'"''' T-MSW. "tochi?,7st?er5: , ?..:V.'tkXi' l".1" He.d West.. ;""' IWi IUIIU nnl rammim llnu ,1.e,'r'""f wsthers. llBROfflii:' iiT.u cuiis and. curnmon. i.i "tn JHtfll, teedtr Umhs, 17 "l 'Hftl3 50: 10 30, breeding ewes. sio ;,ivn,d. riNANTMT. &.T A MUISTINO lirTllUHOAriDOF directors of the NenulA ivimj.. Minim- Co.. hld this d.y. ft wJs JVdn?d thill Ihe .toek transfer tbl Te ".u.raAr1 k- pnny shall clom on l'rldar. l'el.niirr S ivm. ui ii p. m.. on urrount of the annual ..hu.di.r "YWxzFhti&r fU-AA I 80 Clause! ror HMUlNLUi IS THIS just an expression to you? It shouldn't 1 be. AFTER a fire you may learn what it is, to your sorrow. Wc will be glad to conbult with and advise you NOW! Harris J. Latta PENNSYLVANIA BLDG. PHILADELPJUA. Locust D78 Raco 3432 tP'-----''i'mmemmmmmmmmmmwmummmuammmmmmammatmi. THE BALDWIN Locomotive Works PHILADELPHIA Steam, Electric and Internal Combustion LOCOMOTIVES WALL BOARD Shcotrock is made of the same material as the Hcrntch coat of plaster. It's plaster in vallboard form. And It's nearly twice as thick as tho ordinary wallboard. Sheet rock is fireproof, non-warpintr, slightly p "blp and is a non-conductor of heat una cold.. Ask fpr sample. JAMES E. TAGUE & CO. 10th & Columbia Ave. uumon oio IT it" ' . '.Ml m ';" A. ' V M.
Significant historical Pennsylvania newspapers