",r J Il-j3 -u. : v.wr: ' t, n i f i .1.. . t 1 iM' f . 'J fr!' "-.J ' "''. .-,(" ' K W I. . V M J. .?" l N a J l ' " t- T.. i iv. Vr- "' ' JVl t r U, . feHWM;:t)Ji0. &Bli,,f? iMttbJBitW i6' 1826' t Ji l v. . 2? yi 25-Fear tfenrf Yielding W' Available in $1,000, $500, $100 Amounts $1,000,000 Metropolitan Edisen Company (READING, PA.) j Refunding and Improvement Mortgage 8 Geld Bends, "Series. "A" Due 'November 1, 1935 Price 95.82 and Interest, Yiel ding 8V2 Free of Pennsylvania State Tax. Tax refttnd in Massachusetts and Conn. This Company supplies electric light and power service in Reading and Lebanon, Pennsylvania, and C4 ether communities a territory of great wealth, industrial activity and stability, and a particularly geed field for the operation of an electric light and power business. The reproduction cost new of the properties of the Company, as of October 31, 1920, determined by in dependent engineers and based en average prices since 1912, was re ported as $11,198,238, compared with total outstanding bended debt with the public, including this issue, of $8,564,000. These bends will be secured by a direct mortgage lien en all the Com pany's properties new owned or hereafter acquired, subject te the liens of underlying bends which We Recommend These cannot be increased unless pledged as further security for this issue, and nearly 65 of which mature in 1922. Earnings for the 12 months ended October 31, 1920, with ether income adjusted te present investments, were reported as follews: GressEarnings (Includ ing Other Income) . $2,815,189.27 Operating Expenses, Rentals and Taxes. 1,959,682.15 Net Earnings $855,557.12 Annual Interest en Refunding and Im provement and underlying bends outstanding with public, including this issue, requires. . $458,225.00 Bends for Investment A circular metre fully descriptive of the bends told be sent upon request. Aik for Circular PA-H. Orders may be transmitted by wire or telephone at our expense. Reservations will be made for early January delivery where desired. The bends am offered for delivery if, as and when issued and received by us, subject te approval of counsel. Delivery in tempdiary form is anticipated en or about December 10. HALSEY, STUART & CO. Incorporated Successors te N. W. Halsey & Ce., Chicago LAND TITLE BUILDING, PHILADELPHIA Telephone) lenat 4BI0 CHICAGO NEW YORK BOSTON DETROIT ST. LOUIS MINNEAPOLIS MILWAUKEE Ten-Year Nete Yielding 8.60 Net earnings applicable te in terest charges en the total issue ever five times requirements. Company has large number of customers located in one of the most prosperous districts of the United States. Value of property and volume of business have shown satis factory increases. Write for circular Bonbright & Company 437 Chestnut Street, Philadelphia New Yerk Bolten Chicago Detreit 1 19 Pounds 15 Shillings At the current rote of exchange is equivalent te. .$68.34 This denomination is quoted at $56.00 Profit even if paid at present rate $12.34 Central Pacific European Lean 4's Due March I, 1946 Callable March I, 1921 Unconditionally guaranteed by the Southern Pacific Ce. and amply secured by collateral. Cadbury, Ellis & Haines Franklin Dank Building Hell Pheno Spruce 7372-3-4-S Keystone Ilacti 2815 The Southern Pacific (Uaranteaa by endorsement, principal and interatt of the Central Pacific European Lean 4s of 1946 PVEN though the i-,prlce of these bends remains stationary, an investment in Central Pacific European Lean 4s at present prices of fers the possibility of a 40 profit, when Ster ling returns te parity. Circular P-62, giving detailed description, en request. Geerge H. Burr & Ce. Invtalmnt fitcurittti Commercial Faftr 421 Cheatnut Street Philadelphia Our Offices In 16 Citleg Otter Teu A NttleBil Ytt a rnBtl Semca NEWBURGER. HENDERSON &L0EB (fAers New Yerk and Philadelphia Stock Exchange Jj0 Chestnut St. Frederick Peirce Revision . The infrnff nt;n . , t proposed laws and the numerous changes in legislation already pn"ed. regarding this most im portant branch of your business, together with the very intricate nature of the returns required, are far tee varled for the layman te keep abreast. It is in itself a special study tO KnOW lust tiniu nr.A ...1 x protect your interest in matters pertaining te Federal Taxation. By constant application and by Peenal contact and interviews with the Department of Internal Revcnue we are in a position te nterpret these lawa te the best interests of our clients. Equipped with a staff of expert account ants, auditors and former Gov ernment tax experts we can render n service par excellence. Get into immediate touch with us by phene or letter. A fifteen minute interview today will save you many hours in a month. It will entail no obligation en "your part. Geerge K. Watsen & Ce. Certified Public Accountants Real Estate, Trust Bldg. Philadelphia, Pa. The First National Bank of Bosten Capital, Surplus and Profits $37,500,000 Liberty Bends bought and told in large or' small amounts .for Banks, Corporations and Individuals BOLES & Westwood Mtmbtri Pkilt. Stock Eicaanre Land Title Bldg.. Phila. Are Stocks at Bettem? This is the question that every in vestor wants answered. Shall he invest new or wait.' In this connection we have just is sued a special exhibit showing four years fluctuation in 142 dividend paying railroad and industrial stocks, both common and pre ferred. This exhibit shows that many Issues are still above the lew prices of 1017. but thnt mnrtv tv..... clearly undervalued at pie&ent prices. A 'e,T. ,extra cP'es of this special exhibit are available and will be mailed te the first inquirer. En close two cents postage and men tion your nema and business ad dress for Circular Ne. 587. Meedy's Investors Service Jehn Meedy, President. 1124 R..I E.t.l. Trait Blr., PM,., f,. Jcw Yerk Itentan Chlc.r. Founder, of Moedy'i Inve.tmmt natlnw Chas. F. Neble Oil & Gas Ce. Own 31,000; acres of lease 'aa. . w MW producing wells: 3 casing head gasoline plants, one -THE LARGEST IN THE WORLD; A 6000 barrel refinery; 502 tank cars; 162 miles of pipe line. Earning ever 30 en common stock. Has paid 28 consecutive divi dends. Is new paying 12 . The stock is active en theNewYerkCurbandwe recommend its purchase. Dacriptive circular mmltd ei request. R&Megargel&Ccx 27 Pine Street, New fork NenfYerft, Bends, ABIR SHI rt.. . esu A Hmlt A n Si 3 TO 10... . TS 1... . MK B.. . 78 H a. ... 7SH 8... . TSH , J... . T. 4 74 U ,..... 74H 2 7fti 3 TS'l Am T A T cli 10,..(.. 74 ,tm Tl 4 T (in 10 70 Am Tel. T 01 3 03tt 1 03". 10 OStt A TT H Vt 4b ' ,78 10...,. 7 1 78U Atch T H Ki ev 4 'ou 23..... SOU Armuur 4H 1 744 5 7S Atl Ceitit 1. 7 1.... 101S Atl'e Krull U n ftBH 2 0! Halt UW ev 0.. .. OS 8.. .. 05 0 C5 10 0 Unit A Ohl. 19 1 OS 0 C3 llH.tMUtll '' 2 05 tl 29..... 03 a...'. 3K 9 0.1 U U A . 1' 1. t- t- W Va 4 1 01 2 ' Ot . 2 00 II t O Tel 4 4 K2tt Iltl 11 rcta 1 2.... 102 8.... mi 1.... 102 2... 102 Bflh BUM M 1 7T niti 'i .ie 2 74tf 3.. '. . 78 ntth Htecl 7n 1.'... 103 H. n Copper M flu fl h-J'i B 8214 nrl:yii It 'I i 4 41 Dln U T -i . 2 41 Urkn Ilaplil T 7 et Ota 4 as 3 38 Ctl l.thr n a asu Ctl I'acine lit 10 .IN Ch-!t A O 4S 32 71H 8 72U C & O cv 4Si 13 71 cu A e cv n 2 0H . 4 81 Clil II A Q m 10..... 77 1..... 78 3..... 78 C II A II 31 qney 11 SH 2 70 3... 70 Chi II ft O 4' 10... 1.. . ft . It.. 0.. 0... 10.. - ' -? CTT t a AXES IM 100M 1 Bit I ni A Hud M 1 in 78U Det'A Hud t 2 1.... 109 Vi 1 Dit KdlKin 0a 4 1 00' t),m Hap'e 8a B .... 73 ErU Uenl I.Ian 1 0'.t 2 40H Hi... . 40U Kfle H n ev II 2 . . no'.i 1. . 88i 1 .... 88 Erin It ll i'v D 1 . 4lTi 3... 41T4 37.. .. 4tH kjev t K M inlii 8.. 1 1. 10 2 3. 1, 100 100 inn 100 10l till'. VVTa C Atritn't) ri-lii 8. I.. 3. . 2. 8 . 6.. 10. 102V 101 102 102 10J 103 10: Tar Hatel tit 0 . . HO 1 .. . 80 Publla riarylec C-n K J n 3.. .00 10. CO nie (1 A W 4a 1 01 llle llrand A W'n ell 4a 1. 40 V. llIAtM't I.. . 04 W St Ij III Mt 'li llV 4 a 4.. .. enw 1 .. oek Id 70 St I. J Mt J n a a av 4 l... . oes Bl lAUla A frn a) 10 .... 1 1 St I.eul I'rnn In 2S. MBS 05H 03 nn 93 i 05 'A 90 Chlcace n'n A Qncy 4" ret 1 04 H C.iicaee Mil A St 1 3!Sn 2 SB Chicago Mil A St Teut 4a 1 C3 0 00 Chtcase Mil A SIP d 4a 2 89 , 2.... 80 Chlcaire Mil A HIT ev 4H 2 es i ... nH 18 00 Chicago Mil A SIT ta 4a 37 i 87 38 88 88 S. 1. 3. 8. 8 Chicago Mil A SIP ev Ss 10 0S4 Chtenge A Ntn Weat'n 7 1... 101'; Oil Rallwa Si 1 88 C II I A 1 M 04 ; 04 ei; C44 04 (13 C3 Chlcn e Tle 8i 1... . 89 CM I) Sin 4 1 .. . 7 .IS 4 . . 73 11 73 Cnila :np'r fl 1... . 83 3 . 05 1. . 03 10. 0.1 10. . 03 Chtneaa Qnva't II-K Itlya Aa 1 40 2. . 40 8.. .. S9 City IJern Ha 1 05 Citr Cep's .1 1 .. 72 1 72 Cty Nw Yerlt 4a or '00 10. ... 88 V Cty Naw Yerk '00 0. . 85 A . 83 Cty New Yerk 4V, '03 2 . 00 2 . U0U City Tarla ! 10 . 03 2 . 04 City TcUln 3a 2 . 43 C Zurich rrta 1 . 93 fYd Cln Chi A Rt I. m 4a 2 . . CO 1 v 08 Cole A 'n 4 8. 71 Cena'd tlaa Ta 1 . .. 08 Columbia 0 A BWct lt 2 Bl'i Cuban C S ev 3 8 1 4 . 1-0 80 hi) 78 (i.i 'Irunk mta 5 . . . 100 1 ... J00 2.. . 100 III. I A Man M & 38 1 67 1 .... 87 lltiJ A Man In 8,... 21 12 22 10... . 22 111 Cent' I 6i 1.. .. iir III I.-rtch 8 a 2 B8 Intbore M 4 6.... 14 Int Met vt 41$ 12 m 10 18 10- 10.. 7. 8.. 3.. 2.. Intbore n T M 411 40 411 47 47 47 47 47 47 47 47 47 47 48 47 4SU 48 48 48 49 49 10 4 49 40 i 10... 10... 8... 3.. 23.. 5. . 1 20!' I.. 10. 00. 8.. 20.. 111. . 12... 10. . 10... 80... 12. 10.. 10... 13.. 1... 10. 10.. 1 M Marine Ox 8 70 7 77 3.. .. 77 Jnp Ueie't IhI 13 73 Kan . A H M' 1... . 70 4... . 70 IC Ile'.g 0a '21 2. -;... 09 K lltlge 8a '23 10... . 09 h Urlrt'm 7. 3. ... 07 2... . 97 4 97 8.. .97 tuck tlterl '30 3 78V Ink Shern M S'n 4a '29 8 82 Lehigh Vl'y fla l 07 2 07 iL A Myora 7a 1 ... 103 4 103 tnrlllnrU C 3r- 1 78 Tjeuln A Nnah Bt I. tlv 0a 1. ... 09 linn K Sla 4a 1 82 Mid SAO 3a. 1... . 71 1... . 71 Me K A T 4a 4 33 lln raclflc 4a 1 31 8... . Bl U 82 Mn Paclnc .. 3 . 32 1 . 83 lln Pais 3a '23 2 87 Ment'a Pwr 3i 4 81 N Tube Ce Bsi 1.. .88 New Or Tex Mexico 8a 3.. .. S3 N Y U A It It nnti a.. . 89 17 89 2 . 89 10 00 N Y C A it n nit rcta 7 5 . . 101 1. . 101 1 .. 101 1.. . 101 2 101 New Yerk Ct'l I- H 8a 2 88 N Y Cent'l M Cent' I 3 1 37 New Y N It A llart'it 0a 60 60 1 3. 8. N Y Tela 4a 74 74 74 N Y Tala'a fl 85 8.1 83 8.1 85 83 83 2 2 1. 14 3 1 3.. N'k A W'n 4 1-. .73 8 78U N'n Paclfls 3 a 68 8. .. H8U N'n Pacini 4a 3.. . T3V Ore, A Cal Ba . . . nn 6. . . 80 Hi Pae O A 1 3a 1 . .. 7AU Pa mi en' 4a 7 88 Pa ri'im 4a 1 77 .. . 77 8.. . 7H IS T7 renna H rt Ra I . . . 88 1 . 88H fenna It II 7a 3 . 104 101 104 104 101 104 104 02 A3 03 ( A B 20 10. 10. 10 10.. 10.. 10.. 10. a. s 5 4 18.. 81. 46 47' 47 47 40 46 47 40 47 47 47 47 47 47 47 Bl I. A H l-'rnn ficrlea A 6.. .. 39 2... . 00 5... . 00 5 . 00 1 . . . . 00 81 1. A H Kran Series U 18 70 10 71 8 ... 71 10.. . 71 St Paul A K C Short Ii 4a 1. ... 62 Fai it a a .. 39 f n Hell Tel SM 10 81 Se'n I'acine fil 4 74 1.. .. 74 Fe'n PcMf 4 1... . 08 F'n Pae cv 4a 74 74 74 74 74 10.. n J' & 23 P'n Pae cv Sa 30. ... 99 13.. PH 1. . . 08 6'n ISallwr ..n 2 83 1...., 88 23. . 84 1 . fil Third Ae J 4... . 34 Third Ave 5a 1. 8 78 78 T St I, A Wn 4a. of 1017 1 13 rnlen I'ac M 8 78 2.. .. 73 10. , 73 t'nlen I'ac 4a 10 70 U K of O Ilrlt A I'd 1931 1 07 U "K of O Ilrlt A I'd 1922 10.... 91 8... . 95 2... . 94 a. .. 04 U K of O Ilrlt A I'd 1929 1 88 2.1 88 2. ... 88 10.. 88 3 89 UKnta Ilrlt A I'd 1987 8.. 1... 2.. B . 1 6.. a.. 10. 8.. 1... 20... B... B.. 4... V 8 Ilealty A Impv't 6a l.... 79 4... . 80 O nubb'r Ba 20 73 IS 73 8... . 73 18 73 VA a Stael Sa -82 82 82 82 82 82' 82 82 82 82 82 88 83 83 88 83 8. 10! i. 7 B... 6... 8.. 14... 14... 8 .. 8 .. 4... 00 00 90 90 00 00 0(1 90 90 90 90 90 90 00 IT Pwr A I, Aa 77 V C Chem let 2 00 Va tlallw'a 5a 8... . 79 lYabaali It lal 3... . 64 Weat'n Mrt ta 1 61 Wefn Pac lat 1 81 1 81 fWeat 8here 4 a 4 .. . 08 8 . 69 4 09 2.. .69 WE Mftf Ta Commodity Markets Prevleue , , Uleae Open December . ... I5,8( 10. 0.1 January . ... 13,37 10,10 March 1S.4U 16,13 My 15.57 16,37 July 1J.6H 13.48 October -. . 13,60 18.30 COTTON MARKET New Yerlt, Dec. IC Although the cotton inerket opened this mernlnj 10 te 03 points lower In sympathy with eny cnblcx and bearish consumption flfrurc.1 from the Census Bureau, It rnpldly recovered aud'nt the end of the first fifteen minutes wag about 10 pe!nt IllghtT than last night's close. Trade, Wnll street and spot-heime buying tqek up the contracts and gave the "list Ha Rtm tone, in face of tile qtatcincrit efthc Census IJurcnu, which appeared te huve been pretty well dis counted. .Strength in the utecl: inerket added te the better feeling' around 'the ring. The Seuth And Liverpool u'er'e. the best sellers at the Mnrt. 12:00 Noen lS.'.lVi 1B,C.-i 15,63 16.71 GRAIN MARKET Chicago, Dec. 15. Material reces sions occurred In wheat this morning under n general rush te Nell. Support was lacking. Trading was brpun in May wheat for 1021 delivery. The bearish Initucnce was the llnul statement of the Federal Department of Agriculture en trfb crops of 11120. it made the aggre gate of the five principal cereal crop the largest en record, with astonishing increriHCM in wheat, corn and eats. December opened at $1.00, against $1.70Mi at the end yesterday, and later sold at 51.ll5Vj. March started at ?. te $1.(10, against $1.03 at the close yesterday. May whm quoted at '.81,00 at tin; outset, and later sold at $1.58. Cern also was wcuxer. Selling was general and Huppert was peer and scat tcred. December opened nt 09c against 71V4r at the close yesterday. May was quoted at fi'ic te 70c at the outset, agnliiNt 7Uc nt the end yesterday. .Tulv Htarted at 72c te 7194c. against 73 c, yesterday's last price, and Inter Beld nt 72ye. Oats were dull and caster. Offer ings were free and deinnnd was lack Inc. December opened n4c lower at "lOlac. May started nt 4l)4c te -ltlVic, against fi0'4c nt the end yesterday. July opened nt a decline of one cent, at 08c, and later sold at 480. LONDON STOCK MARKET- Absence of Liquidation Encourage! Belief That Selling Wat Overdone Londen, Dec 15. A firmer undertone prevailed In specialties en the stock ex change today. There was an abBence of liquidation and It appenr("d as though the selling had been overdone, denor dener allv. the marketa were Irreaular. The elt rcreup milled, neyal Dutch shares were geed In sympathy with New Yerk and Amsterdam and were quoted at 49 VI. Shell Transport waa 67i and Mexican Kngle 10VJ. The feellnir In Industrials wns. mere confident. Hudsen's Bv wns 6 9-16. Kaffirs were harder. Dellar descriptions moved upward en the rise nt New Yerk. Mexicans also were better. Heme and tteuth American rails were quiet and mlxpd, The gllt-edped section displayed sta bility Continental lenns were steady BAR SILVER Bar silver was 2d higher In Londen today at 42 d. nimif'CDC one i PENNSYLVANIA FAIR! GOSSIP OF THE STREET 'V'sf Big Expositions Similnrte These . in West Advocated State te Cot Profit GOVERNMENT HEADS RAPPED Allcnlewn. Va.. Dec. 15. Kslolilhh Kslelilhh ment of a Pennsylvania State lair te rival the great Htatc fairs of the west ern states, wns the big business of the opening sessions yesterday of the I'-nn-dvlvnnin State firange, meeting In Its forty-eighth annual convention In Al- The commonwealth of Pennsylvania. It Is propefd. shall back the state fair, but equitably it is te have every penny of the profits that may be de rived. It was quoted nn the lloer rtf the convention that the " iMemiln State Kali- this year made $200,000 for lie state treasury of Wisconsin, the OIi e State Fair $80.00(, for the Oh le utatc treasury and the Iowa State lair $.!, 000 for the Iowa slate treasury. Several hours were occupied by read ing of the report of Jehn A. McBparran. worthy stnte mastet, who declared against the President, the Senate, the railroads and the banks, accusing tuem all and alike of conspiring te rob the farmer. He blamed the President and Senate for adjusting their differences ever the League of Nations. The farmer he said i. iH-,.nttMrt nu Via linn never finite be - teTP. and by se doing is serving tlmeh V ... - .. .1.!.. .1.. !. n t IAI. ll.. 11111 nonce en nil iinimu um. .....v. ..-- .--- have a square deal nr our cities will net be talking about daylight-saving, but will be considering saving the time te go te the table three times it day. Fred nrcncltman. of Harrlsburg. sec retary of the state grange, reported a total of 0."l subordinate granges in Pennsylvania. located In sixty-five counties. The two counties unrepre sented by subordinate bodies are Fulton, the only county In Pennsylvania minus any railroad, and Mifflin. There are grangers In these counties, but they be long te ledges In ether counties. The net increase In membership for the year was ROOO, bringing the grand total of the membership In Pennsylvania te 8.1. 000. In the year fifty-two new granges were estabilahed and eight were reorganized. The banner county Is Crawford with 7000 members in about forty subordi nate granges, and Tiega Is second, while Ilradferd and Susquehanna are among old-line grange strongholds. NEW YORK COFFEE MARKET New Yerli, Dec. 15. The market for coffee futures continued Its downward trend this morning, opening pritu-i showing declines of 7 te 10 points. The cables furnished no inducement te sup ort prices and showed further weak ness nt the primary points. Veat. r)oe March tl.777H May 7.145111 July . . 7.45ff47 Hepfmlier 7.70(172 Oix-n tl C(l71 7.00 it in t asMe 7 HO-Sflj DIVIDENDS DECLARED Nerthweatern Power Ce , arml.nnnual of 3 per cent en preferred, parable January 1 te atocknelrters of record Deembei 20. llnltlmere and Ohie, aemltnnual of 2 D-r cent en preferred, pnynhla March 1 te aleclc of record January 15, Fumeua riayera-Laaky Corporation, quar terly of 12 en preferred, paable February 1 te stock of record Januury 11. There, was n belter feeling en the street yesterday after the closing than has been cxperlencrd In some weeks. While few looked for a substantial recovery from the it-cent drastic de preciation of security values, the ma jority were of the opinion that the market wns mere likely te wetk Inte a inn row grove until ufter th ) ear end settlement and disbiiri.emenls hail been provided for. There, however, seemed d be a singular unanimity of opinion that two of the chief stumbling blocks and de pressing influences linil been entliely eliminated from tin; market situation. This wu.s basid en the belief that the selling for tax payment was cemplelid. and that an nwkward position had been safely bridged. Heme heemed te believe that much of the celling for iwtiihllahifiK losses for itjciMiKju tax puui'iits was like wise about done The only remaining di-tiiiblng ele meut of weakness, they said, was the bad business situation. Mushiest, it was painted out. was en its bark and still unable te get up en its feet again Much, however. .of the adverse side of this section of the gcneiiil -iluatien. in the opinion of many, hud al-e been te a large extent discounted. It seems as If everybody is pieputed for some tin -plensnnt things In the geneial business situation after the holiday trade is ever. The rank and file have been educated up te n point net te be surprised at anything. Sometime., nccerdlng te tne annals of Wall street, when the worst Is expected it never turns up. It would be a blessing in disguise if such u hnppy event would be experienced when tin new year dawns upon us. Trclinlrnl Itally Due Market opinions thee da- are naturally very cenllictiiig. which Is te he expected in view of the mental con fusion of the trading contingent. lh3 New Yerk correspondent of ' " Sparks A Ce . In a special message yesterday, remarked : "Fundamentally, of course. in a period of bear markets and will con tinue te be until February. Business depression with its destruction of senti ment anil its wiping out of corporate and Individual working capital pays Inte the hands of bear traders, and at the a:ne time It stultifies buying power. I'ulike previous periods of depression, there is ue Kurepenn buying pewet coming te this market and 'bears are therefore unopposed except b scale buvlng orders until their own sellins anil that of their following crentes an oversold condition where large operator will turn bullish te 'run In shorts. 'Tntll thev arc signs of Mich an oversold condition, they will net be apt te reve-se their tactics, but Just a seen as the easiest way te a ten -point movement In speculative lender 'appears te be upward, they w II de thl- and bring about a technical rally Hepe In the Future There is always room te find f mere hopeful side. This at lenM is suggested by the eptimihtic prognostication made bv William A. Law. president of the First National Bank, in the December issue of the Business and Financial Outlook published by that institution. "The country is gradually approach -Ing a price level at which a large volume of business can be safely done." says Mr. Law. "This is no time for pes simism." he continue, "as the nntien Is bended for better tilings anil going strong. The liquidation in Wall street and the readjustment in commercial lines has clarified the atmosphere and strennthened innnv weak points "The fuel situation bus improved trememleasly, tlue te cooperation fween railroads nrid cenl operators, f ell as exceptionally fttverable WMtiif' I ttnd ttens. I.x pentile in me simj I ii the building trade at New Yerfc and efTeits underway te revise the taxa lien svslem se ns te bear heavily upon productive hu'lhees indicate Important changes in federal ntid slate legislation Serious problems remain 10 te seiveti nnti Inert" is much te provide for In safeguarding the foreign market for Ameticnii merchandise. Congress will haic u giertl ileal of Important work te de, n large portion of which must he postponed, hetxewr. until the newly c'erteil Senate and Heuse Assemble net March. " Western .Meney Conditions mi, e iinrrrlsinlv and cntiilictine Judg ment in respect te the ture Is being I relhs led In the Westernllnnne.v mnrKft i while Ihe deflation lievcmcnt ban I gained some memeiiiimf The enuiinil I Is voiced bv some in Ifeuch with the. financial situation tjfit the steady i lowering of prices vPhcrehy . requin: mt-iits of fund- for rArrying nn ImisjI- ' ness cninhtneil with tl" action of bank . ,ers in forcing liquidation of cnminrrcinl leans tegcthei- with the expanding coon- 1 einp of Ihe public will eventually ' brill,; nbeul easier inenev with the ad i lent of the t mnifig year. ' M in Ii intciet Is being shown in Ihe. fet motion of n corporation for the i hniiiicliig of foreign trade, leadiiw jhniikci of the country nt large are mniiifesting n desire te engnge in Mich ' negotiations tin the betterment of trade ' in general. I With t In- i l.isins month of the old jciu . ii ilcnliignp process will take place wIicicIm actual conditions in industrial anil iiianiiliictiiring lines will be betlri betlri knewn ami it is mere than probable that lest-s will be met in a manner which i rvisigtilrml must be concurred m utnltr prcMiiling adverse clreuiu iimes Tin: TKADKlt. ! BULLET STIULSJINY HEART Lavish Leve of Fester Methtr Caused Policeman te Take Beth Llvaa Pittsburgh. Dee 1." Four year age a peiii ennui patrolling his bent in West I Park caaie m-resa n tiny waif, lightly I garbed and with but a slender spark of 1 life In its little bedv. The foundling was iniriisl te the Presbyterian He I p'l.'il, nnd a few days later the babe was 1 taken te tin' Itesalia Maternity Hos Hes 1 pital. in Cliff street. j New the little heart is stilled stilled by a revolver bullet nnd Ihn I foundling that was nved once by n po pe I liccmnn is dend, killed by a pellrvmau. That is the short but eventful story I of the life of Mnry Elizabeth McAneny, I wlie, with her fester mother. Mrs. Mar- garet McAneny. wns shot te death in a McKeesport bearding lieuse. ItMitiaid McAreny, a policeman, the child's fester father, is In Jail, chargeil with the murder. In McKeesport his victims, the fester mother nnti child, lay side by side in death, waiting burial The hnsband nnd fester father, await ing trial, calmly admits that the love of his wife for the little West Park foundling prompted him te commit the crime which stocked McKeesport. All Salnta' Sisters Get Hem Baltimore. Dec. 15. The Causewav, one of the handsomest residence prep ertien snd estates within the citv lim its. fronting en North avenue from lientaleu street te Warwick avenue, has been presented by ita owner. Julian !. Bey White, te the Sisters of All Saints of the Protestant Episcopal Church and f will become n home for orphans. Tie j gift of the piep'rty, which is snld te he worth mere than 5200,000, became known today. Test Crew Levick meter oil right from the driver's seat n.. a.. 4.. 2. . 18. .. 1. 04U n4ii mi 04U 0414 flV, ni B4i, 044. WtL i:rl 4a 1 &8t Wllaen Ce cv 1 81 li a mv; 4. .. 8111 Wllaen Ce lat 1 18. 10. 1. 1. Wla Centr'l 4 5 71 88 V 854 85 ' 88 Sfti; Liberty .1as .., Liberty 1st -ts Liberty 2d D.is Liberty 3d -lUs Liberty 4th 4V4h Hir ..00.02 ..80.02 . .8.-..20 ..H8.00 85.80 Vlc'ty Notes 3;s. 0.1.12 Vlc'ty Notes 4n, 03.14 I flnr 80.00 80.02 ai.ie 87.80 85.02 05.00 03.10 11.15 a in 00.02 80,02 85.20 87.81 85.71 05. 00 03.10 Raw Sugar Market Quiet New Verk, Da 15 The raw sugar market continues nulet nn.i ......... steady Sales yesterday consisted of 12,000 bags of Torte Blces. due In ten days, te a local refiner nt 4 sn .. . There were no lmportatlena announced yesiernay ine local refined marlfet Is unchanred, Th AmMrlfan Ciivah l..fii dny pirrchiuied approximately. -2,000 bags Vorte nicea raw sugar for premn" shipment at 4.68. a I. f. The purchaae carries shipment with outperta ei thin Any novice can test the quality of the oil he puts into a meter. It requires no testing device or chemical lab oratory. The one biggest benefit a motorist derives from quality oil is also its test lasting power. Lubricants break down (or carbon ize) from heat. The better quality a lubricant possesses the longer it resists heat, and consequently the longer it lasts. The next time you put in oil make S nete of the mileage it yields then test Crew Levick oil exactly the same way. You'll be surprised that there could be such a difference in lubri cants en this score you'll notice also that your engine is smoother and is perhaps a little keener, Try it and see it's a point worth proving, for it affects your pocket book and your pleasure in driving. Wherever you see the Crew Levick diamond you can buy these Crew Levick products. Moter Oil . Gup Grease Gasoline Cirsw Levick Cemp&aay f Philadelphia Mew Yerk Bosten Syracuse Chicago St. Paul irttv PulxUiMUe JWn. 9 V , 'tfr ym t rMm l ' MM ;! ' I P 'rl' I IIBII MfUTil1 v.r e i wn tm . . '.fl! Ml faefthibkijmK&mrtxttrfaM aaaaaa fSaajaBaaaiasnanaMu- 5 "JlaTilW 1ST 31X0' V ' 1 A f7 I ,4 "; n m ! ftl 41 ItJ M 1 isi U .?! r (l- I w 1 i: M a i n V 1 )vl ?Vt ' M i "., K t , ) 1 w I's I -J '" OMf at Btrttt, rhlUdtfebU Uhe' ,0 N0W K " or J I f -f V t ' v " I J ' i rl A - , JtrtLategtAJ iMC't .-i viCfc Wbth .cijA'fc,t&i.te .. K ) l . . 4 ..mlj a. . - H .r. r fi.iii ?ui". At 6 l A :YJ l i v , I I IhilW t VjftikiSLC.l J. ,
Significant historical Pennsylvania newspapers