Evening public ledger. (Philadelphia [Pa.]) 1914-1942, June 24, 1920, NIGHT EXTRA, Page 19, Image 19

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, W0Rk MORE CRUEL ADVICE
Coat Retailors Given Reolpo for Inv
proving Conditions
IteadlnK, Pa.. -Tunc 24. The opcn
Ine sessions of the sixteenth annual
meeting of tho Kctnll Coal Merchants
Association of Pennsylvania were held
ff v"l lerdav. H. II. Crowell. of I'hlln
dclnh'lni Is the president. Tlie mem
fcenb P of the association Is 020. as
S : Pennsylvania, 701 : New
Jercy, 124; Delaware, -12 j Mary
Innd 43. To enablo every member to
itudy the most modern appliances the
kssoitotlon lias brought together a
Smneto cxlilbltlon for coal handling
machinery. The high cost and ncarclty
of labor piotrpted this display.
rr- Hrnwoll In his annual address
nredlctcd that prices would not return
to normal for several years. Ho uiged
nil dealers and their employes to do a
little more work every day. Instead of
little less. In Germany, he said, the
people are getting seven cents nn hour
inil here seventy cents. Over there
ihVv work twelve hours n day, here
they don't want to work more thatl
even or eignt. ,
1 ..ivui. timn dealers
pr0fit of $1 onn$10pWr
mnklue
of shoes ?3
n gross
w&Batie' vtinftb Hkbtiwkmifsix, thtjSsday, june'24 m-
w
M
Itf
mo.'L'.m t..n P'j0001 lookl more "than
Bertolet nh' Wellington M.
ucrtoiet, of this city, secretary In i.iu
wntlU Lriep.r.V "aood ffit he
continued, "has restrained the coal
merchant from entcrlnjt the profiteer
class. Every dealer should secure i a
SSSSfn,".! Pr0,U bft,8C,, on h o
tin5 ?u?lncss nlor present condi
tions, but excessive profits or unfair
methods will surely harm the whole in
dustry by encouraging government In
terference. '
LEVER-ACT STAY REFUSED
Decision In Clothing Case to Speed
Prosecutions Under Law
Washington, Juuo 24. Application
for a temporary injunction and stay In
the proceedings Instituted by the gov
ernment under the Lever net against
0. A. Weed nnd the SulUbaeh Cloth
ing Co., both of New York, has been
denied by Associate Justice Day. of the
Uultcjd Htates Supreme Court, the De
partment of Justice was advised yester
day. Hearings on the application for
stay were held nt Canton, O., by Justlco
Dny on appeal from the New York court
In which the proceedings were filed.
RIOT iti MILAN; 3 KILLED
Machine Quno Used In Otrlke Clash.
Fifty Persons Injured
London, June 24. Three persona
wero killed nnd fifty wounded at Milan,
Italy yesterday in n clash between
polico nnd participants in a demons ti a
tlon which followed a meeting of sup
porters of the railway strikers, accord
ing to a Itcutcr dispatch. Shop win
dows wero smashed and many arrests
havo been made.
An Exchange Telegraph dispatch soys
anarchists penetrated the Fourteenth
Century Sforza Palace Park, where"
there was a veritable battle with ma
chine guns to expel them.
Representatives of the various work
men's organizations have defeated a
resolution to declare n general strike.
On the contrary, says the. report, they
urged all strikers to return to work.
.. .
George V. Letts
Vlneland. N. ,! June 24. George V.
Letts, section boss on the West Jersey
Kallroad for many years, died yes
terday in the home of his son, Wln
field, in Salem avenue, Newfield. He
was In his seventy-ninth year.
Ir ' il
'-r "" Main Banking Floor
A Monthly Statement for Each Depositor
Interest Credited Periodically During the Year
9 1 ' are among the advantages offered by
this Company. To receive each
month a statement showing to the
penny the condition of one's finances
is a convenience which must be ex
perienced to be fully appreciated.
There are many advantages to
younger business men and women
in making affiliations with a financial
institution of the highest standing. It
is hardly necessary to emphasize the
prestige that strong banking connec
tions give to a firm or an individual.
The account of modest size is entitled
to, and receives, the same careful and courte
ous attention that is accorded to the largest.
wfiSffliShhJL Ml fife
mm lilf
Chartered 1836
Tha central location of tha
Girard Trut Company is a feature
to ba considered.
GIRARD TRUST COMPANY
BROAD AND CHESTNUT STREETS, PHILADELPHIA
Capital and Surplus . EFFINGHAM B.MORRIS Member Federal
$10,000,000 PRESIDENT Reserve System
LOST, STRAYED OR STOLEN
THE Town Crier's tale was often very
disheartening to those with unprotected
valuables.
The modern equipment of fire and burglar proof
safety vaults of this company offer the most
adequate protection for personal possessions.
Philadelphia Trust Company
415 Chestnut Street Broad and Chestnut Sts.
Northeut Corner
r
J
GIVES ELKINS'S ART
BACKTIHSTATE
Willed to City, but Returned
Becduso Its Art Gallery
Is Not Built
New York Bonds
SALES IN llOOOl ,
From Openlnir Until p. m. N. V. Tlmi)
A Tel ft T clt
1 TSH
1 78H
.... T
A Tel Tel Sa
8.. i.. Uk
4....'. T4U
1 74V.
1 74U
A Tel a Tl
1 MH
-. 7 9814
An."rench Be
PICTURES WORTH $909,750
Norrlstown, Ts., June 24. In ndjudl-
tntlng the estate of tJcorae AV. Elklns,
Philadelphia financier, Judge Holly,. In
the Montgomery County Orphans'
Court, awanh back to the executors,
Mrs. Allethniro Ludlow Blklns, Wil
liam M. Elklns, G. W. Elklns. Jr.,
George F. Tylw and Wharton Slnkler,
the art collection given conditionally to
Philadelphia, and also the $500,000 for
its maintenance.
At the time of Mr. Elklna's death
he was. poAHCBHcd of personal property
of tho inventory value of .$1,103,212.
There remained for distribution n bal
ance of principal, $12,728,032, nnd of
Income, $iai,000.
Judge Solly notes that nt the audit
it wax stated that the city is erecting
an art gallery on the Parkway, but
that it Is not completed. The Rallery
is being erected for the purpose of hold
ing nnd keeping the paintings be
queathed to tho city by Mr. Elklns. The
city has formally accented the bequest
by ordinance, but the bequest does not
vest in the city until the city shall have
erected the art gallery within Ave years
after the testator's death.
The total appraisement of the art
collection is $000,7GO.
The full list of paintings nnd their
valuation follows:
"Old Coach in Snow," Holland, by
Mauve. $2000'. '
"Solitude" by C. P. Dublgny, $S0,-
Jl4nier. Cattfa and
Trovan. $32,500.
"Tho Ferry," by
$25,000.
"Iteturn from the Market'," by
Tioyan, $30,000. .
"View in Holland." Iy Corot, $7500.
"The Apple Markft, Brittany," by
L'Hermltte, $7500.
"Tho Lock," by John Constable,
$5000.
"Old Mil on tho Tare," by John
Crome. $10,000.
"Dutch Cnttlo in a Marsh," by Ma
ris. $12,500.
"A Heading from Homer," by Alma
Tndema. $25,000.
"Habitation in the Village of St.
Martin near Tlologne on Sen, Frnnce,"
by Corot. $15,000.
"Landscape. Cow nnd Figure," by
irovnn, $uO.
"nohemiene a la 'Fontaine," by Co
rot. $35,000.
"Ornnd Canal. Venice, Moonlight,"
oy wmstlcr. 520.000.
"The Rinlto, Venice." by J. S. Sar
cent. $16,000.
"Portrait of n Young Girl With Pet
uog." ny liomney. suo.000
"Landscape Cattle and Pool," by
juic uupre, stooo.
"The Thntched Roof House Star
light." bv Cazin. $-1500.
"The Wlllctt Children," by Romney,
V"""w
Sheep," by
B. C. Corot,
The
$imim.
Gleaners," by L'Hermltte,
Combs Lavllle." by
of the Flock," by
ft l
Boldinl, S4000.
"TIip Return
Mauve, $50,000.
"Portrait of Mrs. James Fraser of
C03tle' Fraser." by Lawrence, $35,000.
"Portrait of Mrs. John McCall," by
Raeburn, $37,500.
"Portrait of the Hon. Mrs. Bercs
ford." by Romney. $17,500.
"Portrait of Mrs. Tudway," by
uainsoorougn, $ikj,uuu.
"Portrait of Susanna Gywll," by
joiin iioppner. .vio.uuu.
"Portrait of Miss Llnley," by Gains
borough, $125,000.
"The Life Line," by Winslow
Homer. $40,000.
"Mnklng a Train," by J. S. Guy,
$750.
RAIN HURTS BIG HAY CROPS
New Jersey Farmers Are Worried
About Dally Downpours
Mulllca Hill, N. J juno (.
Showers, which arc now of almost daily
occurrence, ore greatly handicapping
South Jersey formers in the harvesting
of the early summer bay crop, anil if
these conditions continue there will be
a repetition of the serious losses of n
year ago, when large acreages of hay
and grain were ruined by the excessive
moisture.
With old hay selling at from $40 to
$oO a ton, tho tlomcstic grass crop is of
more value than ever this season and
farmers are doing their utmost to house
every blade on their farms with suoh
facilities as they are able to commaiid in
face of tho labor shortage and the un
favorable weather conditions. "The fre
quent rains have made, necessayr a lot
of extra labor in rehandling' the liny
nnd trying to dry it out in tho fields.
Harvest hands hired by the day are
demanding from $5 to $0 a day, with nil
meals. In some communities, neigh
bors arc helping each other with the
harvests nnd In this way much hnj it
being saved.
There is a good stand of hay in the
lower counties this year. The aerengo
in sorao of tho dairying districts is
larger than usual, as farmers put more
fields into grass as a result ottho farm
labor! shortage, rather than risk the
growing of truck nnd corn crops, which
require extra hands. .
NEW PROBLEM FoTcOURT
National Rights to Challengo Mem
bers for Prejudice Considered
Thp Hague, June 24. Whether n nu
tlon bringing a case before tho u-li
court of justlco would have the right to
challenge the make-up of the court nnd
temporarily ousi a juuge who is a cltl
zen of an opposing nation, was one of
the questions considered yesterday b
the Jurists who are drafting the rule's
of the court for the League of Nations.
The jurists Dostnoned th n..Dinn
the method of annolntment nt ,i i
order to give more time for the Jurists
to get together outside thn koui,,,, nn.i
effect a compromise between h ..
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b r 4i
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Atlantic Coast
1j rct 7
l 90H
Halt Ohio cv
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t A Pae fd
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1. .. 102
Chile CopT s
0
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Chinese Gov't
ii-K niys ss
2 . . 42
City N T 44s
Nov '87
3.. . . 02 .1
CtyNew Yorii
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Copenh'n B4s
3 . 754
Cuban Cane
Sugar cv
1 .. . n7.
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D'l ft Hud fd
10. ... 71T4
8 . . 714
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D of Can '81
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Erie Uenl Men
8L... 40
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11 .... 074
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1 18
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1 82
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lnt'l Agrlcul'l
Corp'n Bs
2 70i
lnt'l (Merchant
Marino Oa
l.v... 844
9 BT
1 .... 85
Iowa Cnt'l 4a
1 .... 304
1 . . 37
Kansas City ft
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1 83W
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glum T4
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n n os
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Penna II n Bs
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1 034
Lack Steel '80
2 80
1 87
Luke Shore M
S'n 4a '81
8 78
1 78
I.lg t ft Myers
Tob'o Co 7a
1.... 102
Lorlllard C 7s
1.... 1004
1.... 101
2 .. 1004
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ville clt 8s
1 874
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ville rets 7a
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1 83
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8 77 4
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9 82
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2 074
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U S Mexico 4s
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U S Mexico Sh
r, .. ai-i
Ut'd nds San
F un ct
3 21
U B nub r
ADD $100,000,000 TO STOCK
Reynolds Tobacco Co. Clears tya
for 200 Per Cent Dividend
Nw Tork, June 24. It. J. Reynolds
TobAcco Co, stockholders, at special
meeting, approved the Increaso In capi
tal stock from $40,000,000 to 1140,
000,000 thus clearing, the way for the
declaration of a 200 pr cent stock divi
dend as proposed by their directors.
Tho capital has consisted of 20,
000.000 preferred, $10,000,000 common
and $10,000,000 common class "B," nil
of $100 par. The Increase voted bv the
shareholders consists of $30,000,000 pre
ferred and $70,000,000 class "B" com
mon. The par alue of the new preferred Is
$100, but additional "U" common has a
par value of $2C fit now "B" common
Four hundred thousand shares will be
reserved for substitution for outstand
ing "B" stock, of $100 par. and share
holders will be allowed to exchango each
of old "B" shares of $100 par for four
hnri nt nnw "H" nt S2K tilir.
At, the same time, shareholders
proved a proposal for reduction pf par
valuo of common shares to $25. ,
It is not the Intention of the.board to
offer for sale'lnho near future any of
the new preferred. The Increase was
proposed at this time to provide for fu
ture requirements.
DIVIDEND8 DECLARED
American Shipbuilding Co.. quarterly of
l'l per ceni and an extra of 24 per cent on
crmmon. both payalle August 2 to stock of
record July 16.
Lehigh Ccal and NavlgaMon Co , quarterly
of 2 rxr cent, .payable August 31 to stock
of record July 81
New Tork, Chicago and Bt Louts Railroad,
6 per cent on tint preferred payable July 11
to stock of record June 30.
lteadlna- Co , quarterly of 2 per cent on
common and J per cont on nrst preferred
The common Is payable August 12 to stock
of record July 20 and tho nrst preferred
September 0 to stock of record August 24.
Independent Pneumatic Tool Co., Quar
terly of 12 and extra of 14, payable July
1 to stock of record June 25
Mexican Telegraph Co , quarterly of 24
per cent payable July 12 to atocn of record
Jun 80. ..,,,
iti.im. pin Cables Co . 1S1 ner rent.
An" j payable July 14 to stock of record June 30.
RAILROAD EARNINGS
-HsfW
GRAND TnUNK SYSTXM
1B20
Beeond week June... $l,sso,fttl
SOUTHERN nAlLWAT
Second week June ... I2.70e.llt
lumi l.June 14 , . 40.028,784 C,
w,
.mlPs
Mexican Oil Shipments Run Hlfi
Tamrioo. June 24. FJnn.1 flsures
Mexican oil shipments In May brlnr.
total to 11.200.124 barrets, far xcj
Ins; the previous high record of 1
288,000 barrels In Mnrch. Tha total.
10,474,000 barrels, previously ret
as shlDDed In May. was flcured w
final reports from Mexican Petrol
Co. and Mexican Knule Oil, the t
largest shippers.
i
Federal Trust Joint Reserve 8ymt4i A-.
Tho Federal Trust Co, of I'hllAaisM
phla, has joined the Federal KeMrvt'1
system, making; the forty-third stft4
Institution to join the system In thlftJ
district. Two of theso banks havs sine)
betn converted IrrtO national banks.
Capital of the Federal Trust Co. is.
$200,000, surplus $100,000, and total re
sources $3,810,880. ,
1
3
U S
n
3
2
6.
78V.
7Ri.
78
78.
Steel 61
80
t.0 4
0 4
Vlrglnlal Rail-
waa 8s
8 . 74i.
We'n Tac 1st
8 . 704
10. . 704
West Shore 4s
1 .. 07
Wilson Co cv
6.... 854
Liberty 3l2R ...
Libcrtj 1M 4s....
Liberty 1st 4Vis.
Liberty LM 4V4S .
Liberty ad 4V4s.
Liberty 4th 44s .
Vic Notes 4s..
Vie Notes 4y4n.
nigh
1)2.18
85.42
80.10
85.48
8D.20
85.78
05.04
1)5.00
(N Y tlm)
1 la
p m
01 Ml
85.20
80.04
85.44
80 20
85.70
05.00
05 00
Low
01.80
85.20
80.00
85.32
80.14
85.02
05.58
05.00
GOOD YEAR FOR SO. PACIFIC
Rood's Operatlng Revenues 8.14 Per
Cent Ahead of 1919
New York, Juno 24. OperatlnR reve
nues of the Southern I'aclflo Co nnd
proprietary companies for 1919, as dis
closed In tho annual report published to.
dny, amounted to $239,657,272, an In
crease of $18,046,066, or 8.14 per cent,
over the preceding year
An Increase of $24,206,111, or 14.88
per cent. In operating- expenses, how
ever, caused a decrease of $6,169,046,
or 10 46 per cent, In net revenues from
railroad rcturnB. In effect, after paying
1919 operating expenses, there remained
out of each dollar of revenue only 22
cents, compared with 38 cents remain
i Intf in tho last jcar previous to fedoral
control.
I The company's balance sheet shows to
tal investments of $1,619,990,641, an In
crease of $21,529,588, and current assets,
1 Including- cash amounting to $12,281,636,
i uKSreg-atlngr $20,984,324, n decrease of
l $.' 107,770.
Capital stock of the parent company
increased, during 1919. by $25,582,000 to
, a total of $302,024,906 Current llablll
I ties of $17,740,421, represented a Uo-
crease of $7,353,435
I Iteference Is made by Chalrmnn Julius
Kruttschmltt to the suits Involving title
I to oil lands The government, saya
I Chairman Kruttschmltt, won the suit for
nonproductive on acreage, wniio tne
us pro-
metliniln nt nnnnlntmi, . nonproQUCtlve on acreage, w i
SJu wha ???, J"?,?1 ."UBKCsted, I company won the suit covering
namely by The Hague trlbunnl or h , ,,iT'nnri vniunhi oil innds
council and assembly of the League of I -
ISatlons. Thero is conslderahlo itfT.. ' r-... e..,. m,-i. ci--
of opinion, sorao natinnn l,ni,u i . . .
igly for the contention , m 'T..1.!! ."PA.y "w, .,m?.r.K!L ?r
raw sugaru uvmiiuiwii u tivuiucuiy euaier
tone and holders showed nn Inclination
tn nress suirar for Bale Sales reported
on Wednesday were comparatively light,
ence
out strongly for
judges should be named by The Hague
Ellhu Itoot favors a small court of
possibly nine judges, ntliiin. .- V,"
number from year to year as the busl
ness of the court Increases. Others
favor Btartlng with fifteen or seventeen
members.
$10,000 ,IN HOSIERY STOLEN
nristol, Pa., June 24. Bilk hosierv
valuetl at $10,000. w as stolen 80rae tlmtf
during the night from the mill of Fred,
erlk Kurapf & Sons, at Langborne
State police and locals authorities are
looking- for the thieves, who probably
used a motortruck to carrv v,ii
however, and Included 1500 bogs San
Dnmlnros afloat, at 17 U. cents: 600 tons
Java whites for July nnd August ship
ment, at 17 cents, and 160 tons various
full duty paying sugar on the spot and
for nearby delivery, at 174 cents Now
York refiners wera the prlrrclpal buyers
The demand for refined Is less active
Telegraphic advices from San FrancUco
say that the California and Hawaiian
Co Is quoting 23, less 2 per cent, basis
ban Francisco.
Importations of raws on Wednesday
Included 10,000 bags Ilraxlls and 1434
bags San Domlngns to the National Co. :
6000 bagu Cubas to tha Federal Co. and
'tefY.'
itnj
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An offering m blocks ( 2 Shares Pre ferred
of three shares 1 Share Common
L
for $300
The Goodyear Tire & Rubber Company
of Akron
More than 50 of all new passenger cars leave the
factories on Goodyear Tires.
More than 60 of all cord-equipped cars go out on
Goodyear Cord Tires. '
More than 80 of all automobiles to be exported
during 1920 will be on Goodyear Tires.
More than 70 of all pneumatic-equipped trucks
are going out on Goodyear Cord Truck Tires.
More than 35 of the new solid-tired trucks and
trailers are being delivered on Goodyear Solid Tires.
More than 45 of all new motorcycles are on Good
year Tires; more than 60 of new rubber-tired
carriages are on Goodyear carriage rubber.
More than 80 of new airplanes carry Goodyear
Tires and accessories; more than 70 of other-than-leather-soled
shoes are soled with Neolin Soles; more ,
than 75 of new shoes equipped with rubber heels
in 1920 will have Goodyear Wingfoot Heels. .
We are offering the unsold portion of $20,000,000
7 Cumulative Preferred and of $10,000,000 Com
mon Stock in blocks of three shares (2 Preferred
and 1 Common) at $300 per block.
BORTON & BORTON
LEADER BUILDING CLEVELAND, OHIO
INVESTMENT SECURITIES
Orders May B Placed Through Your Own Bank or Dealer
Thmlnfortnmtlon eontmintdin ttti mdrrtimnt
is obtained from aouroM w bbr to bt f ti
tbit l though w do not fuaranfe its aocuor
1. X
I' '4
PHILADELPHIA-AS A PORT
is of vital interest at this time to
manufacturers and merchants
engaged in Foreign trade.
Congestion of traffic and lack of adequate facilities
at other ports have caused many shippers to turn
to the Port of Philadelphia with its unlimited
possibilities as an outlet for their exports to
Foreign countries. Imports for similar reasons
are coming to the Port of Philadelphia in increas
ing volume.
Let us finance your Foreign trade
Write for our booklet "Philadelphia Port of
Unlimited Possibilities"
The Philadelphia National Bank
Total Resources
One Hundred Eighty Million Dollars
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1000 bags San Domlngos to Arbuckla
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