('V" pvn fT v ' T v. "". 1 1 ,.v .. ,i i ti; ''r , ,-;' -X"V ,ti '- v.s i.' ' ., I '.' V 4 t 5 !7W'-5Tr-,PT'fX'7 vtT iMj 4 . i !' - ', it .' -it H V si, f !wsRy iJsVHX II. N m n- m 1-- m Si 1B ' B. ILJ' ii - r r I'WSIC ACCOUNTANTS i" Nil IWM ill WI RAr-kstatp) mrsT ni.nn. . Ul 1L"U II III b rt ASSKKA "' adjust nsrtnershlpand t )IO!,J!", aermints. Also prepare TJ, 0. 1 . MS" Ketnrn. ( 4 '' ' FINANCIAL li -' ' Aminiil M. .!.. r.Wt-t.l rtr Th United Ga? Improvement Company N, W. nr. Dreid and Arch sts. I? f '.111 it vjl?l."1. 3" Improvement Company I I 'Si'l"!?" h.'W nt ,h "n'0' of ,n" Company, r- A FMIfdelphla. on Monday. Mav 3. 1020. at i! ;,P.,I?I noon, for th purposes of el"ctlii -,ir.unn una sit u'reoiors. to servo ror :!i!L nu,n rri of considering and actlnj unori the ubc( of n proposed Increase In JS??ultJ.'i,V Vil. cnltal stock of th Companv J"fB 1.221,480 firf of th car ralue of I ' l'V." .?' ir,ni ',,, " "f "Men lncra t.Trn' Stock, alao rntttlcd to rrffrfnc on liquidation to th par vlu thref and irtrvri unpaid rtlvldnd. to b rrd(mibl in wholt or In part a! 11." pr share and Merutd unpaid dividend f hie the nm votln rlRhta n the Common Stock and to asm n iii..i;".J :.W:,."i nurr, ninr rlehtK, privilege prefer. it mM m.lYi... ."...l-'i'itf-- .vV'r'."""i liW&ftlF&H&W S uirctofn nt urh tim or time (nj tip.in I -MI nm hpprnvt provided howxnT that ntii tlai; inn ihiiie;.. i: ;! .. .,...&: holder, pfo" rata for suber'rlP.lonV m? ' yiabalar.ee of th nuthorlr-d shares of said SKI"K,1 2lrk 1 h' ,,"utA "iam, ",m' '" Krt:M ",meft;,,.r,Iandt,1) ny,:KVh,.',JS,t,l'I,V, " mar Pr01 the stock trsniffe hooks v 111 b. !-. ' from a . nt AirM "i ..mil n .. m m 4 1B". Br ordor of the rtoard of Dlrecto'-. O crrtRAN Secretary F1DEI.1TY TRVST CO.. TRl'STKH I'NTtKn . the Mortrntf. of th -iinbiir, llojle Jon nnd U llkeolmrre Ralluir Co., dated Slay 1, ls?, hereby Ries n-tl"i that In pur suance of the provisions nf tlip iild Mort aate, (seventy-slxi 7! londs .f -erts "A'" .'curd therbv n"m-' 31s. 83- " 1. 'IT 145 172 202. 230. 242 2!0. 204, Id? 2J1 3is .14,1 ;; t-(j mi JB08, K0. B17 '.2 142 iT-Anntv four bonds or One Tbo'is-ind DMlir acvi .llt.ni!- "i "ii qfl. ,,' "i-i ". ton. 1043. T0D4, 1127 1143 1144 1'4" 1150, J1BJ (Seventeen bonds for Fn Hundred Dollars each) 1230. -1277 130 lain 114 14 ' 14fl 142B. 1484 1447 1457 1521 1M l.14ll. JflSJ, 105S. 171 M71 17O0 17.'1 1720 1 1731. 1744. 1ft1 1601 -CI- lam 1 co.l ?'? in8. 20t(i :ioo ;ioi ;i7o :iq I liStV"" "ono, r,,r l'n "'"'"'"I "oiia's , In alt amountins to Th -t w Tho-isrd no' private control and Doctor Pinegin'- , suffice, nnd n few thousand dollars lara (138,000), wer this d. dui- drswi plan. In the meantime their feeling i 1 would mean the aving of this "first pa"? &:T.X)mViKR'& J , the Finecan plan1 should be con ' order" light and nt least a half million Spt Chestnut street Philadelphia after . ."".Y -". "" ..v,...;, ..... .rc ,., crr 111 1 tareat. riDF.UTT TUfflT CO WII.l.lAM T TEST President April 80. 1121 LIBRARY CO. OF rUlLADKI.riUA. N. w. Cor. Locust and Juniper sts.. I'Mladelphta. The Annual Election of Directors and a Treasurer ot tho Library Co. cf Phlladel. fhla. will be held at the Library on Monday, be third day of May net. nt 3 o'clock in the afternoon, when the Treasurer will at- .CIIU IU zi;x7i0 Vein 11411Uttl iVta yilisTIUS. . As thtr at Biverii ihnr. on whih An., i icna io reci4 inn annual payments. r Aim fha Atvnitra nt Iham fm ihl -... I n vaaw tfBBv- v -- VS liVJIt I vsTirfS estatlvrs. are beret notified that they will be forfeited agreeably to the Chsrter and X4Hars of tho company, unless the arrears ar pld oft on the third day of May or wltbln tea days thereafter FRANCIS R VVCLE. 5eretary. OrnCK OF TltK TIOOA TRfiT CO. 17th & Tlon St... Phlln. .Tho Annual Meetlnr of the stockholders f the Tloaa Trust Company wl't b held t tha office of the comnanv q Vi corner May 11, 1020, 12 noon to 2 p m for the I "it-.;. mi. 01 uirc.wrn in H-r r 'luinir xpe en- . - - - . . srilnr year and for th transictlon of such ....,..,., th.9m.arnlr" " mM' brourm Mo" ' LEVER ACT CONSTITUTIONAL EDWARD C SNYDER JR P CAMHR1A STEl0lh7SalFederal Jud3C 3t BUffa' SuStalns T .,:.,,n.'t 0' the stockholders of f Anti-Profiteer Uaw Cambria 8teel Co will b h-ld at th nfflro I vi me wmiwn. . jo.u laener lltllluln JU uniper and cn-stnut sts ..rhiladelrhla Pi t. m.. vhen in election will h "h-M ,. I -wv .r- ..... ... a..,., .. . riocK , -HAajInv lav 1H Iflfl n -..-... ttKlSrtb;V.'8oirn arolra. I D RREWER OEIIt.V cretarv r31. THK ANNTAI, MF.ETINO OF THK ZE Rtockholders of pMa Tmst Comnanr will 1 h-1,1 nt n, nfftcs of the Company. Ilroad street and O-r-mantown avenu- irrtlnrsdny afternoon. May 6th. at 2 30 o ciocit stork transf'T books will be closed April 24th to May flth. ; HARRY P CORRETT Sseretarv , Ma I 1020. trSr rnF' A.VNCAI. J1KKTI.NO OF THK k Muilml Fund Society will b hold nt the hall at. 4 30 p m TucmJoj, Mnv 4, 1920 wnen inn s.nnunt rwrorr ot in Hoard or' Directors will b- presented and an election ,HAAa will Kn V.sl4 I -" M.tv.w. ...... '- .'"'.1 l v nAJiL.r.i I'r.mti hl.lir;K secretarj 135 TTTE IIFI. ESTATE TITI.K INSFR- " 'anee and Trust Compnnr of rhllndel- "phla Tho annual metlng of stockholders MM WWIIU'I Ul Ulll l,.IB VI 1 Iff IICKI fill I Tncaday. May 11. 1020. at 12 n -lnMt noon I at tha office of th i iiroim 121 Chestnut t, 'HARLES KINO serretarv OWIdends Office nf The Ronl Estnte TitlG Mrt-i n n n n at nr-,f.4 PAmtinn.f llisuiuill.1. tliiu a aust viiiiiiJuii, 053 IIIKMTIT XTIIKKT A Quarterly dividend of 4 per share' has n deolared bj the Dnard if Directors m. m. i inrn , ,ii,.i... ..r I'lillideicniii prli 13, io:o be. Da record. this date Checks wilt he mai 1 DANIEL H"t srvtAN Treirjrer CENNS1L1 t.MA (OAL SD tdliK ( OKriii;.ri(iN t-l . 1120 At a meettna Of 'hr boird ? 1'r.. -tor nf the Pennsylvania i ial ard ''iU- n-poration ,held this day there w, drclsr.d ' - rsuUr dividend of 2 per cent out of he icvi-mlst'd earolnca and surplus of th Tirjnn rav aala ou May 10. 1924. to st ctho.ders of record at the close of buslneas on May 6 T H WATKINS Prssld-nf STANDARD SANITARY MTO CO. rittaburib, ra. April 2S 11)20 flJ 'Dtrsetors of this Companv have this dar declared regular Tiartrl dividends of taj.. tin th Preferred C.r. til Si ic jnd VWU on the Common Cvpltsl S'n'-ii Cheeks will b mailed no' 'r 'hi" Va mth to stockholders of r"-i vt. ) J vv fi! KH v,r-t--v LEE UUriHER 1MI TIRE ( ORPIIK XTIIIN The directors ha th.s tUi l-j'-r-t quarterly dlvld-nd rn vt apfsJ ate. ' thl company o' 30. per ss"' ri.v.b. Tn l. 10''n to siockbolders of r-i , , st tho close of bustness Mav II lli-o hck .111 b. "" IIF.wvnPKiN, i -cr-tarv Pronosnls Rno ooo Hcnooi, niTitifT nr fin or WILLlAMiPOtlT Y 4i" BONDS nn Jltav 10 't:n n 4 r Ku,H room of the Hoard of h" .1 Plr., t rs of the City of WUUnisrjM ri, t . ensno. ?inr. will receive nnd open ssifd prono.si. f will fecelvo and opn ssled pronosals I hiMililUiirterh were deluged with tele Ma purchase of $2m pon uf th V. per phone reporm of H "He, Mav Duy bond of the si-hool dlsti r, , f wi'llams- ,'lrll(i or t srnt I -- 1. nJ L.U-. alvnva ui iiiv y v- srh SlhOV Zfl.jjpO will b du 3 iSu-OOO will b du and pa it nn 3 m 1 nnd poah e nn Juns 1 I88.00O -will be d'ii mnd paab on Jun 1 tO. 000 wlU b due and pa a bio on June 1 Iff 40 B2mm maa in Ka A 1 1 a finft DAVAhli nn .Tun 1 na.uui' ! -- --r bonds nr of the domination ofJtOOO. .. All of said II136. and vvll bonds will hsar d.it Jun l iiibow stated, nnd bear Interest to m.tur as; owvn ",'. , a. . , n, .. ,,. 4A m-A will ne payaoie is io moiunrv " "iS" "..,. of 4 . rer ii.. r..n. .11 Pennsvlv irila sa Mixfs ' f cr Vra"l0y0rofnJne''n.'.d TeinTJP'ln tmrti '., ...,, i .f ,, -- The assetssu .n.M".... .-- ,Vi. said school district as .nnwr &' .Al.in.nt leJ.' -'."' ' rrtprt of howi, hv th" loan 'JO Th i""I r-iU.H indebtedness of pfhonl dti trlA.. including- th. abov Sirf lorludlna- th. above Usui of bonds I iTiO.OOO Alt of tha .aid tond. are Issue! f"r h .,. of th. arectlon ronstruetim and IW"."'. ... nw rhni tillMinir. In tSS'..d .chool dlatrlct r ... r iwn li-1" on ..n th vvavn nvsnue .it. .'wlSli',',ii ,i,n ,m M.r u-. "fa nn.Uam.nrorth Pa I,"'n,!!,nS,u"i.Vn:k-r linrts ha. tj.en duly aiithorlsfd b 'h ,vot.rs ,nth. School district of the i Itv of XMlllams- pa th nth r 5 TTh opinion. dT Messrs n''1'n .-", e wtlllam.port. Pa and of Townsend El ftott i JfSnion of Philadelphia Pa a. to I lha lai.llty of thl. Issue, of Isond. l' b sslm Aid With IP nouru ' ". iiuui viirii,uii Sf th. school district of Wllllamsport rt. .ealsd envelope contslnlna th- prrt ifi.sa or proposal; for the ourchas of ssld fcoiia' should b addressed to Ottl. 31. Kefrr. Jritun of Klninc CimnilMee. Kourd of JlJra nirecter.. 20 West Tblrrf strert. Wii,.n,.ipletd,lthat the hond. will be ore. iar.a and.xecuted and ready for delivery n m? about June 1 1020 Tbaiaard rts.rve. th. rliht to reject all -AW..lt. 'r . x csrtlflsd ehecjt for 2 per c.nt of the " Van"' "" b,1 wl" "i"1"'1 'rom " . sj !Vi5r4r ct " W0"" of ehoe.l Director. r ttt w,,"ottw Wlltamsport, Ta, ai. ku lhi:x Mt rman of Ftnano Committee ."4 'T. tf K . " -) 't1J ' IENT FUND URGED FOR PENN University Publication Says Money Should Bo Raised by Alumni Now MERGER IN ABEYANCE A rampalun for n Mibtantla1 fntlow merit for tlio fnlvoriltv of Pennsylvania should bo .frttod. nrcordltiR to the reiinrhanla fiazette. official organ of tho r'nivorvlrr Thl lo tlio rlino ,i v ' ' -.' and ojiportunltv of the alumni, it is de ..,.. i ... . .. ciureu, rcBaruies.t ot any nmaigaination clared, regardless of any m plana that mnj go through ' h Merger Not Yet Indorsed n. ti t ti ... " " " "" oi" -..,.--, i'i i uuiiiiiH i r iucuh, siuie super Int-ndont of pub C nstrueUon. has ..,, ,,,. ' , ruti,. -r m. '"c0,,,', tliat t,", ' n-ver-.lt of Pitt-- ''' nnd State College be amalgamated tl,,h thp nlvemltj of Pennsylvania, nnilor .into cnn.rrliton nn,l nr.r.trr.1 ' -....--.-,-.. It is made nliiin In the Gazette that t. i .- ..,..,.. ,. ... -. . .. . n , mane piuin in me uazeue mat the plan hat not ct been indorsed by ,i, , . .. , , . , . ,. ,t i ,. th. board of trustees of the Unlrersit. Concerning the need for an endowment campaign the Gazette tays i "In hort. what Pennsylvania men nou wnnt i to see nn fTort made to raise the necessary endowment to maintain the I'niversity. pmide in i created equlnmeut and tietter Milnries for the fuTult. We believe that the alumni would undeitake such n cam- 1 paign with enthusiasm and tick to It with persistency "There nre r.Ko many Penn1vanh I ... .u. u.i!... .1... .1 1. men who believe that there is a ron- -.utont middle ground between exclusive 0 n endowment canipnign whnt they -nnnv rn tn ho Mm I nivorsitv's nrlmo i duty and opportutiitj. ' Will Stud Finances Chjirman Ilenrj, of Penn's commit tec of one hundred, which was created to consider the future of the University, has appointed n subcommittee to sound out student opinion and to tnke up the financial tide of thp problem. This com- , ... . r. il li . at mitton wilt report its iinuiucs at the . .. .!- -.4? tl. A..-nl ....l..t.o next meeting of the genernl committee on May 14 The committee is as follows: Thomas W Unimex ihairmnn: Thomas S. Gates. W S Gribbel. Or George K. I de Schweinit?. Francis S. Mcllhennj. Isaac A lvnn packer, all of I'hlla delplna . Albert It. Brunker. of Chi cago, Hugh Ogden, of Ooston : H. C. Hill, of New York, nnd George F, Schneider, of Washington, I). C ItuffAlo. N. V.. May 1. -illy A. P ,.. . .1..-!....- i,n,!.l ,lon in I'nlto.l n I'nitr -Ill 11 ll.'.ini.'U ...... ...... ... ....... simtn. Cmrt toiiu b .Incize .lohll It - , , -.. , ... ,. John It "-!"' Pmtltocrlnit ca.es. the I eer food control uct provision ngaint .iniiiit nml unreasonable cliarzcs." is bild to be constitutional. This decision was the outstanding de- In the decWion the court overruled i velopment todnj from last night's con tlie demurrer filed bv one rnrnpnny. ' ference of House Ilepublicans. nt which stated that a federal district attorney i bitter opposition to the sales tnx was inlnlit not be enjoined unless nn act was I expressed, unconstitutional nd on thoe grounds " i'uii.mI liioti.in-. for interlocutory in-! Pullman Service Restored junctions. ,' pnii Pullman service on tho Pennsvl- , . ... ,- ,.,,.!.. i.-.! i vnui Hailtoad betwien New York nnd , t i !.- ..IA,1 !,.. !... n. 'a' -Judge hrans rilled the I.ever act ...1.1 . 1... F?fnt1 ttrtinttct "Itu In rt .T I 4 till III.'. iy.. jesieriiii.v reu- .til III IHH I"' .-II1..I...I "-' .,.,-' .- ll.n ' " i- ...- l..l.B.I. ll Ji.l , k I i,, f t.t nn'nllf, ""'stored commencing with Monday morn- touch on its coustltuttonnlltj. : AVERS EDWARDS IS BIASED N J. Utilities Commission Defends Its Record Trenton. May 1 Chnrges filed "K'n-' members of the public utilities ommisxion by Major Frank Hague and I , . . - n,j,. ,,f 1rSpT Cifv I "" '". " ":. ' j .- ( are not in goon mini uiiu.rru uruuKui iJH,.0. of utterances of Governor Ed- , . , .. d ,.,,u,i . v, uariL when lie was candidate for the PTecutlve otfii iaM nm, ui'cunnng to tlio commix- repij. The petition nf .Iere I it.v . asking fur ilihiuii-n1 f the coi.iiiiKsliinvr mi the gimind- nf neglect nf dutv nnd rnn ...iiliii'i iii (itfico. w.t. an-wereil toilav bv counter harges that Governor Ed wards was unduiv prejudiced Telegraph Briefs ST. LOUIS One of the two Mexicans under arrest here today said he was Manuel M, Prieto. mayor of Juarez, Mex from 101-1 to 1010, nnd thnt he enme to St Louis recentlv to purchase arm for General Alviru Obiegon nnd the .nimes revolting again! the Par j rniiiu giivernnient. NEW YORK The Vanitie, one r.f tli, iirniective defenders nf the Amen ,ih i in wa launi'hi'd todaj at Citv ' Island for the lirsl time in four yeiiik l ( aitiiin Turiii r nud tvventj three of the crew nf the .liamrock arrived last nignt ' on the steamship Lapland I WASHINGTON The Association of1 Harvard Clubs, in nnnunl convention i 'Irre, paraded through the street lying the llarva'd CrirnKOn at the head ,.f its motor train, on tli" wa to tl N'nval ivuleinv 'it Aunaprdi- In in (lintel) . thff r,mr,nu,nt 0f JUHtice and police I lie.i(i)Uiirters were deluged . ith tele WAMITVGTO.N Stitdv hv Congress of tin- Mieniuin ami tru-t law to dc terniine whether supplemental legisla tion against monopolies ,iml trusts is ' needed is proposed in the resolution in trmliii'id todav bj Senator King, Dera ! ocint t 'tali. Recent Supreme Court decisions he said, have ruined doubt of ' tn shei man inw s elTlcncj . WASHINGTON The Amcricnn t-..i i- r i ..i ..: ...A.l ' eoerniion u i.si" .i.o.uiiiiui. .. .-...' mrlr , tlrim nn t cnirrewM nnd has ren n....tn,li.d oi er TirMsntil In the poller I !" ho an to keep s recordn up to thf in nute. Ilenresentative lllnuton. nemo crnt TcTns declared today In the House Fear of the federation has made members of Congress "weak kneed." sntd he CHICAGO Police were called to n sclioolliotibe In the thickly populated Wist Side when it was discovered that " r,', ""8 "n' Doen ruined nil uic 1 .ebonl flagpole during the night Lieu- i tennnt John Dixon, ex -holdier. climbed ! ,,, ,.,KhM foot pol( nml Cllt ,0wn th red (log hnd been ruined on thi banner, which bore the legend, in .vel low chalk "Hurrah for the soviet I'eath for cnpitulistF." NEW ORLEANS Tour hundred Journeymen bakers went on Htrike here today when the master linkers declined to meet their demands for closed shops IJreitd deliveries were made us usual. HAN FRANCISCO The small steamer Sim Mateo, en route from Guatemala to San Francisco, sank to duy In the harbor nt Halloa Cruz, Mexl co, after Imvintf been pulled from the breakwater where she has grounded A raeflttngi glyes no word of the captain and hU crow of twenty-one, but It la believed thev were saved. 1 ( -Si. ) ByBSNINQ- lITBLIC ' LEDGDR-PHlIiADELPHIA, 'SATURDAY,- MAY 1, 1020 'BARNEGAT LIGHT CAN YEI BE SAVED I 1 lAiiii i Wllr Few Thousand "Dollars i Guard Boacon Doomed With I First Hard Storm 400-FOOT JETTY NEEDED'" V.owV'-T18."; d,- ,h8.V5r ent, 118 BOOH; spring- first, clear, HO.Tfl fPW tliotinand dollars will save the narnpjrat T.lsht. which Is In immediate ,'ancpr of fnlllmr In the flrt hard storm fhnt SWeCps that action of the roast, i .i. i . l...iii. .l... Miiuf me Keener uwciunKi. Tnirn pro- tortorl if. I,ntf hoon .n,1 nn.l nro ,lnf ' I ' :;. ........ -v raxeu, in in exposing tne lounnation" oi ' tbW ML1 r?J: AVhon tlio llffht trnoa tlio pArfirnmpitt J planning to raise an appropriation r n i,i -.tin... JaII... ..t.kii.i. - vl " '! tmiuuii uuimi- i-i t-riiiuii-.ii - - - - .............. ..: HK",ln'V ""Tj V? '0KP " P I0, Forty thousand dollars was spent last yenr n th( nu,inR 0f a small pro- teetive nail placed, on "mnttressPes." which was destroyed by the Tebruary ""J.!0- ' . . ;' -""" " " ...,...... .... ,,. stnrCpqion has been made to the bureau that to erect another and larger "all for this purpose the expense would erreed SI 000 000 The eovernment. " ,. ,'-",'"',"n'. l"e K overnm eni , hur.-.i ti,-t ..., ni,.r .i in, tun iiinn..- uu uii "in iuvu for the narnegat Light until next year, if then, by which time Uic subject under d cu on will doubtless have been opt nwny. It Is nld. should nny se- .. ,,..., .u re storm nrise. It has been demonstrated by experi- once elaewliere that the building of two hooked lettics, one on each side of the light, will not only safeguard the struc ture. but will result in the rapid build ing of ri protective beach for hundreds lot feet around tue tower nnd the at tached buildings, which must be de - ,ii.i,-j .. i.i,! .!,.. .!.. molished within three weeks. ;."'" :'X' . "",""" , bout -100 feet of jetty in all would The Ilnrnegat light has n range of . twonfr t wn mflpa nrrncq tho hnf n well as offshore. It accomplishes the 'ld 'no! tilT?X? tllfex'nensrof nnirl.lnn Tho llJLLl K? ? nf operation. The present light U not 7., ;. Tf.Xr(r.uT,r.i, great means of safety to the bay hah- ermen. and yachtsmen on the interior Mi,i si 7 u u It hitmrVi thfirn n at fflu-nn thnh n him. Although there nre fewer than a hun dred all - ear round residents of the region nt Itarnegat City, they are making every effort to raise part of the money necessnr from their limited re-ources to preserve the pres ent towr. o essential to commerce. 1 They nre practically all fishermen, bay 'sailors or purveyors with their families. nnd know the immense protection and need of the light nt this inlet, on such, a treacherous coast. WILL DISCUSS SALES TAX House Committee to Consider Bonus Late Next Week Washington. May 1. (Ily A. P.I Elimination nf the sales tax proision r !,,. t.,Min rolln 1,111 ...ill t, .11. cussed ( .., ,,,, t-...,i, ..,,& ut.i . w !. , ., . .. . , - at iueeiiuK iiuv uvai. ..rrn in ( the House ,,. ' I he call for the and means committee, icsslon was isued to- I . dav bv Cluiirtmin Fordney ,,., ., .. .. i,ii. a iia.i .. ulllilsi.'ii ..111. li .. an u. ii.ii, i .in (i - count of the ncent strike ()f train .s.iilyiv nisi til i-i etc li 1 1 Via iSArnnlafnlt- spa -ri .ii." .i"l"".:. """r.'' ;.r..-i. ..- i ing. STATEMENT OF The Commonwealth Title Insurance and Trust Company At the Close of Business April 30. 1920 , . , ASSETS rtJ"-1' I.ans S jred by Collateral Ji S22. 272 33 Bonds and .MortRajtes . .. , , ' . . ''""","1 R"m" X i ' I Interest '110,363 33 J J34.C63.33 8.000.00 i r, 5 . 7 2 7 71 i 1 220.683 36 248,066 30 1,576,717 2S, Kwil I.ate (Including Sh' rnpn'' Vaulta) S! soei'antous Iteserve iCash on lined Back and Munlclpn s Total S M.5ne.371.27 """" sy . sr.vwsw sss. s Trust Funds Invested Trust Funds Uninvested Total DIMNER BEEBER, President The business of the undersigned firm will be succeeded by BOEftNING, GARRISON & CO STOCK EXCHANGE BUILDING PHILADELPHIA Mr. ('. K. GARRISON has this day been admitted to partnership. HENRY D. BOENNING & CO. Member Pliila. Stock Exchange May 1st insn i llllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll BUILDINGS FOR SALE The Navy offers forty-two buildings for sale to tho highest bidder by sealed proposals, bids to be opened MAY 6, 1920, AT 1:30 P.M Seven of these buildings nre located at labor camp, south of Navy Yard, Norfolk, Va. Twelve are located near Pier No. 10, Chesapenke & Ohio Rwy., Newport Ncwb, Va. Five are located near Pier No. 2, Norfolk & West ern Rwy., Lamberts Point, Vn. Eighteen are located at labor- camp, three-fourths of a mile from main gate, Naval Operating Base, Hampton Roads, Va. Catalogues and further information may be obtained from thb Board of Survey, Appraisal and Sale.NAVY TARD,NORFOLK,Va. s - iiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiMiiiiiiiMniiiiiiiiiiiiiiiiiiiiiiiiiimi'iJ Philadelphia Markets WltRAT Ueelpls. B2.817 bushels. Tho market ruled firm at a-overnment prices. , r-riTfi n.-,.. nn . L.. h v.....- i.ripiB, iiito Dusnois. ncwrcn i I and firm We, ouoto new as to quality and loeatlon, nt J1.801 90, the latter for " ," , firm unX ,roiJ' "?? 1'" ,No,mln1",, m unJ'r scarcity. Car Iota as to location - No 2 white, $t.Boi40. No. a wh. 11330134) No. 4 white, $1.31(91.82. , nxUR Receipts. 1.14B.0B0 pounds In I sacks Firm but quiet. Quotations follow: Ter 19 lbs., packed In 140-lb. Jute sacks Soft winter atraltht. western, 11 73J12: ao uo ncar.oy, 111.006111,70. Hard Win- " 12 do. patent. 114 25011.85; do. short patent, J16 2S15.75; tancy sprlntc and cltr mills pateht. family brands, 116.23010. PnOVlSlONB Steady but quiet.. The quo tations ot the day follows. Heel, In ' f'" "mok'.4 ,n? r-drled SOe. beef. knuckles and .tenders, smoked and nlr-drled. oic, porn, ranuiy. noo. hams. ork. fa mil V. Rrtn hum H T nrd. ZR"i. "i? ?'.!. P. K'P.n" '?,'. ? "-" nil .a-iV-' -- ."- '. .' - -.V-TJ ?-i-, "" "J. imama, mnvoown niim, oouea. ooneiess. ooo, picnic snoumers, s. r. g'TiWa brM.?3,k frf oli. 82c: SV7JpAe quolatlons of pull. The followlnr nre thsLsald to bo In progress at the present .iiv aay; bona'pacKta creamery. r. ,,, ,.i.-ti Booqs. uuioiic .ram, .econds" H062o'- .SIS rJLnWrv' rhoo" to' AC" 7o?8e, nSnr-J "tit !Zt nino!. J"rPn johblnS at 707?e for fancy Ki ''feS'to'f ' " 1' "? Sqtui,ron:helVreeThca.e,(0ll0nWe!l,r,? " firsts, 1S20 per crate, nearby current ---, recipts sia.uoi western, extra llrsts iia.us ,, Veiii ,7.- lobbinS" at "nocfsic ! p7r doten CHEESE Fancy stock firm under scar- cl. Konown ara ouotmions js-,w York esn nrsts. 112.00. southern. JU70. state w noie-miiK, nats, neia, fancy, aiOTB'.ci srcint hie: .i ' uvt vc nicneri do, avernse run, :.i1cauo: milk, current make, nominal! Nhltir .nl,l fnr fattv lial vMri, .'13'Tr'lJr. AIZ POULTRY Fowls, choice 3141r. the latter for fancv small, do. Inferior. 3D ' ','' brolllrw chickens, fancy, soft-meated, ,.ichln- ism lbs apiece. 70 ffSOo roost- ers soft-meated, 4ia,45c, do stasgy, 34 s-. , .1 rooster ?n1T?HC tirkn. unit. PcU n 31088c! do, Indian Runner 80ST34c 110 Muscont, 30082c; pleeons old per pair f.oSiiOi do younsr, BOc PRESSED POl.L,TRT rowls, fresh K '.led dry-picked. In boxes, weighing 4 lb and o.er apiece, 44e, welahlns 31 lbs 42ff 41e welrhlnr 8 lbs . S'ftfSflc fowls, fresh- I i-'t 'n l.. dry-p.cked weirhlne 4 lbs i ' er ap ece, 44c. welrhlnc 34 lbs, 41 ! Sl.v weithintr 8 lbs , 3jtfSi- old roosters. dr. ri'kd, 3io. BANK CLEARINGS EXPAND , Local Excharifles for WeeK IB. 5 Per Cent Ahead of Last Year ' ?" o?l7 business eig "done I throughout tho country was evidenced L i(l t0,n, cxchnnKPS'of , bnuk, 0f That Philadelphia is keeping in the th,, ,0,!' rienr ng House Asocintioi f ,,, upk jURt6ciOSO(l. The nggre , for ,,, Jwcck wus S3s.1.n7.7r,7 acninst ?.".2S,748,037 the corrcspondlm i " . ' a peuod lat year, or a gnin per cent of 1(1. i. New orks increase was ii.u per cent, while Boston, rnn 17.5 per cent ahead of this week in 1010. Total clearings of nil the clearing houses of the United States, ns com piled bi the Financial Chronicle, were K,-.nfl.l)3t.80G, ngalnst $0.20U,.87r.(V.,r lat week nnd $7,03S,0r.",04ri the snmc week liixt year. Comparisons follow : Increase 1020 1P10 PC N-u Yrk t.1. 001. S73.71H f-3 ,4P ISO. 122 0 I) Chlpasro 01i.U34.3H3 ISJ XIMI.JWN U I 381.117.757 32S 74S.037 1(1 1 Ph ! le phla lloston KanstsClty St I .'UlS S Francisco Pittsburgh 110,4411 nm H)4,7fl4,51S 132.HS1.701 125. 7.17 ISC, 134.412 drt I05.ooo.nuo H TiMl ll.'l (1.1 704 27 I'M 430.1115 1 117 31.2,51 1(1 4 121 MS, 045 n 4 M3 705.2UH 21 . 1"1 74ll.ll.1S 22 5 71 II11.S1H 41 II nt 3SIl,72(1 11 7 47 H47.530 3J U liaittmore Uetroi New Or. cans LIVESTOCK QUOTATIONS Plttsliurah, May t HOQH Receipts 1000 oid Market hlKhT HeaMrs. J15itl5r.l). hea ukers, tl7M" 23 llaht tnrkere, 1(1 71-5T 17 plus HUP 1(1 5ii SliEi:!' AND LAMIIS Receipt. 000 head MarKtt steidj Ton sheep, fill B0 top lamb 17 30 CAIA'EH RcrMnts. 550 head 5r.irket Btad Ton. 110 5ft Murrain. N. V.. May 1 Light receipt du- to th- rsllrmd strike trented the usual (WUntr on the East Ituffnlo I,lestock ExchaiiSM today Th 175 head of cattle lOOO noun nnd HOO sh-ep and lambs brought In chl-flv t droitrs were taken by tho packlnK houses BAR SILVER nar ,1fr waB quotP(i i.nndon to , .,, . nllnr. . ..- I IARII rMFS ' unuibi 1 iu i aplul Stock $1 000 one i i 1 260 O-'i. o i 407 171 ".. tifi,01)6 0 325 ' 162 o 10 000 i 180 000 00 8 536 313 44 Surplus Undivided ProlltH Reserved for Taxes . . . Miscellaneous !" i ldend I'npalrt li'vldend 1'ayable Mny 10 1'nlted Stntes Bonde Borrowed Deposits Total $1 1.RnR.aifl .97 ...... ! sy l.VWHITIkl I $24,650,126.86 68,115.55 ... $24,718,242.41 JAMES V. ELLISON, Treasurer M1 ASPHALT MAS GOOD YEAR Company's Gros Profit Were $2(- I 311,370, With $1,166,315 Net i The Oeiiornl Asphalt Co,, In Its nnmml report for Inst year, nlinwn n irrnsn liusl- ness of $H 7R5.6 10, from which tho gross profllH were 12,311,370. After nil de- Auctions, tho net earnings available for j,,h,,.. .. .,....? ., ..,. i dlvl'-"-- were $l,l,ai5. or tho equl-a- ,ent of J1 0n n l,llar- " tho Common Moc)i H'r Piovldlng for preferred dls- bursoments. Tho net for dividends Is practically the same ns In the preceding year, when the amount available for this nnn,... .... t1 19 4ni fua ifuoo ia-i rinvuiiiui, The report does not go extensively Into oil operations but deals at great length with road building conditions. Lack of Improved roads, It Is asserted. Is causing an annual wastage of over SKOO.000,000 yearly on 2 000,000 miles of surveyed public highways, outsldo of the .corpor ate limits of cities, of which approxi mately 9 per cent are dirt. In some Instances It is asserted that road build ing plans .ire being held In abeyance pending a more propitious time for the sale of bonds from which public Im provements nre to be paid. A vast amount of road building Is, nevertheless. time. GRAIN MARKET Chicago, May 1. Improved weather for farm work tended today to give some ndvnntnge to bears in the com market. Tightness of money counted also as n depressing factor. Trnde, however, was mostly in small lots nnd there was but little hindrance to ral lies. Opening quotations, which ranged from & cent to 4 cents lower with duly $1.04 to $1.01. and September $1.57 to $l.r.ili. were followed by up turns nil around. Oats, like corn, were cased somewhat bv sunshine and warmth. After opening aic lower to ' advnnce, Including July at 88Vlo to Ssi5c, the market hardened a little. Hcavv deliveries on May contracts forced the provision market down grade. Lard nnd ribs were especially uffectcd. Reserve Banks' Discount Rates Official discount rates at the twehe Federal Keserve banks were as follows: The first column gives rates for all periods up to and Including a fifteen day maturity the second for a period of sixteen to ninety days. The third and fourth columns give tho rates -of discounts of collateral loans secured by government bonds or notes.) Com'l paper Oov'tpaper lti to vvt in io eu i dss dasa IB days cla Roston New York Philadelphia Richmond . Cleveland Atlanta . . . rhlraRO St Louis Minneapolis Kansas City Dallas . San Francisco n tl 1 . H . il . n rt (1 rt II rt n'i BJ, BH (I rt (1 0 rt ft rt A n B's ii3 Sit I?? nt, BV II e Hates on outstanding certificates of Indebtedness contlnuo unchanged at S per rent with the exception of Minne apolis, where the rate Is 44 per cent. MONEY-LENDING RATES rim.AIir.t PIMA Call, 6 per cent; time, 6 per cent , commercial paper, three to six months, 6 per cent. LONDON" Money Is ! quoted nt 4V4 per cent Piecount rates, short hills, I? ift 6 per cent; three months, 64 6S4 per cent BUTTER, EGGS AND CHEESE New York. May 1 BUTTER Unsettled Creamer, htsher than Receipts. MM 1 IUDS extras (14Vjf01c extra (02 score) (He, Hirst (ss to (it score! no if (13 H c, packing stock, current make No. 2 42043c. EGOS Irregular Receipts, 17,(151 cass. Storage packed extra first. 47VaS4Sc At. flrst, 4(lW47c fresh gnthered. extra first, 4flii47c. do, first 41OT4c, state, Pennsyl. anla and nerb western henncr white first to extra isft.nc, do, brown extra 4030i , do cathered brown and mixed colors flrst to extiu 4(I4Bc CHEESE Firm Receipts. 700 boxes State whole milk. Hill held, specials white nnd colored. 30U ff 81 Sc: do. average run 2RJ4 30c. state wholtmlk current make, spe cials white and colored 2762SC do, aver age run 20W27c m I LD ' . I V ,Cilf, rl if 'i V' . I !lj'. I 1 Wll I'i "ii 'HUllll ' l!!lt1' (tl I i-i'rVJ Vsfl ,(flteh. ssssssssssssssLH , F' i tl N !) li 1 t" M' 1 ill M f ' I F"l ' L ' ' I !!t"Prl ' rH . NmwX2 iSsSili ifikiwiirfiliSV kL--" aU.s 1 1 bW r y&r'SS J Jwfa B 1 m?r w 1 1 '.lit, iri,,, i nil iNw V A HLaVSsB H . jrf'ff VPvT i 1 1 18 1 1 'Sr W 1 -.db iHiii S&mlSi iuIHBlBB MlWil QLjiiv kj!jjif A HmB tkW HUH .JZsHH hHHHB HV iJnBi rsHHHH'HHHHI HHHHHVHHsHHHII I M n ( I MMftffliBi W l4ifT7sA ; WAk m wfflwfiBIP?sHwi! I iftl 1 1 f ft IS I .rHl.1,1 A.':r. MAY 3rd TO 8th INCLUSIVE During this week all rubbish of ny nature whatsoever, from private residences, that is placed at the curb on regular collection days, shall be collected on that day, without addi tional expense to you. ! P.' i' lv tin "jj'i,ni' liTiii. :.l'i iW iwiri ii'HiW W-fl ljijiW'1 s'lMflWt : k E ?&' lesWlismeSssssMaasa I , J ; : i If 13111m tt'i . n - n ui i i hi,,ta.A,U,y, ::I:1 MARKET COLLAPSE HAS NO MYSTERY Slump Outcome of Rookloss Pool Manipulation and Ig noring Caution Signals It was moving day In Wall street nnd the market community took nn extrn holiday today nnd banished from their minds until Monday morning the allur ing siren song of the stock ttcKer. They mny have forgotten about the t JcKtjr. but every one Interested, big (inn little, are giving n more serious thought con cerning the market and Its future than at nny other time In the annals of the Street. This is partly because moro people nre Interested In stock market neTntre rolnv tVinn nvor before. It ifl also due to the mental confusion whlch turn, to norrnrlo everv nook and corner of the market world. The market Is harder to read today than at nny time Mnee the great bull nnd bear game started. This Is admitted by some of the shrewdest experts on the Street. Under such circumstances, the unex perienced layman stands a poor show of making whnt is popularly called n lucky strike. The recent drastic fall In security prices has tended to intensify the men tal confusion of the market world. In every nook nnd corner one is confronted with the constant interrogation, "Whnt Is Wall street discounting?" No one, as yet, has been nble to give n clear and satisfactory explanation. It is wldelv believed the eye of the market has detected In the financial horizon a speck, not yet visible to the nnked eye, that does not portend good for either the financial or business world. Every body seems to agree the market is slowly drifting into troubled waters. In fact, there nre many observers who claim to have found a close analogy be tween the recent market movements and that of early movements which pro ceded the violent collnpse of the 1007 market. There Is also increasing talk to the effect that the crest of pros perity has been reached in most lines of business, but it is doubtful If the recent slump In security values has not already pretty well discounted the immediate outlook from this angle of the general situation. A certain element hns been untiring In Its efforts to create an nir of mys tery in connection with the collapse of the speculative structure. Events of far-ranching importance have multi- Monarch Asphalt STRIP SHINGLES Red or green natural slate Four shingles In one strip. No spacing and no chalk line. Guaranteed for 10 years not to leak or curl. Ask for booklet. J. C. GERBRON & SON CHELTENHAM. 1A. bTOWKLL MFC CO. Ilourse Hldg.. Phlla. WANTED Treasurer for nn established Trust omnnnv In West Philadelphia. Correspondence strlctlj confidential, A 815, Ledger Office B V 4 T Uillisl jm. nn .... nilh-ih I plied with striking rapidity since tho opening or tno current year, uui in looking bnck It Is little short of re markablc what llttln real effect they had In shaping the courso of security values. It Is trim they produced, In almost each Instance, radical turns, but were more tho outcome of technical (ondltlons. In process of adjustment through which the market has pro gicssed during the Inst fire months, ns in nil other like periods, oversold nnd overbought conditions developed 'bb n result of the merurlnl operations of the professional element. There Is absolutely no more mystery at tending the recent slump In values than thero wns in the precipitins break In the highly Inflated speculative special ties last November. Pool interests and other Rtrong speculative combination's simply come to grief in having their program knocked to smithereens be cause they endeavored to buck against an almost Irresistible tide. Almost every one with a grain of common horse sense fully knew that which hnppened would happen some day, but just when ther were ignorant, not because caution signals had not been displayed, but entirely because their judgment was biased by personality rather than sober deliberation of actual conditions. CHICAGO BUTTER AND EGG8 Chlrngo. May 1 RUTTEll lower. Cream. cry, sneyuittc. Receipts, 40,147 cases. suua unchanged THE REAL ESTATE TITLE INSURANCE AND 523 CHESTNUT STREET TRUST CO. OF PHILADELPHIA At the close of the year, April 30, 1920 ASSETS Cash on Hand and in Banks .' .1,732,440.39 Exchanges for the Clearing House 287,265.67 Loans (Demand) 3,194,469.36 Mortgages and Ground Rents 1,423,189.21 Bonds 2,607,196.26 Office Building 400,000.00 Other Real Estate 21,010.38 Miscellaneous 400,870.56 $10,078,791.82 LIABILITIES Capital $1,000,000.00 Surplus 2,000,000.00 Undivided Profits 391,196.15 Reserved for Depreciations 50,000.00 Reserved for Taxes 74,533.14 Deposits 6,279,554.10 Bills Payable (Secured by U. S. Liberty Loan Bonds) 270,000.00 Miscellaneous 13,508.43 $10,078,791.82 Trust Funds kept separate and apart from Assets of Company $20,050,294.59 FRANCIS A. LEWIS DANIEL HOUSEMAN President. Treasurer. iMiiMi.r'i'iTr tV NEW YORK BANK STATEMENT Excess Reserve $4,712,500 Lower - Than Laat Week New York, May 1. The actual con dition of clearing house banks and trust companies for the week shows that thev hold .$30,8.10,100 reserve In excess of ., legal requirements. This Is a decrease of 3 1,712,550 from last week. Tho statement follows: ACTUAL CONDITION Loans, discounts, etc, 15,170,001,000: In crease. 138.038,000, ' '" Cash In own vaults, members Federal R serve Dank, 181,100, 000 decrease, 15,183 000. . Reserve In Federal Reserve Bank of mem ber banks, 1302,800,000: decrease, 120,000 Reserve In own vault, state bank and trust companies, $12,457,000: Increase, 1235 000. Reserve In depositories, state bank and trust companies, 112,104,0001 increase, Un 000. Net demand deposit, $4,185,280,000; In crease, 137,737.000 Time deposits, 1231,410,000; decrease. 1010,000. , Circulation, $33,834,000; Increase, $222 000, United State deposit deducted, $88. 88B.OO0. Aggregate reserve. $380,000,000, Excess reserve, $30,830,180; decrease, $4, 712,530, Ctoveraeed Tolnlo. 0 May 1. Ctoverseed rrlme rash. $27 BO; October, 823.73: December $22.7B. Alslke Prime, cash, $30. Tlmnthv Prime, cash, 1917. $B.B3i 1018. $5.55, I 1V1H. SD.uo; jiikvi, u ,n crifirmusr. fO.tya 'October, $5.70; December, $5.70. 18 m m I. mi; 'V'r' i ' ffi'mi nfil i i AtMiA mitlMim md
Significant historical Pennsylvania newspapers