'frrT' ft.". - wrv?Aw?-tjfj5 i TOlfWVVTASWOf ! 7?!Wf 24 EVENING PUBLIC iQEB PltlLADBLPJEttA, TUESDAY, JANUAllYlS, 1921 fcVpri.'jlTjcvr"' R . Wl 9 K 1 i i X BRITISH IGENT ret GEDDES V Hon of possible controvert)- botw.'Cn tin Itig London tlint conversion Into Ions two I'ounlrli's which Is It ft million trim obligations vviih to have boon on tinned bv tin- Amcrlcnn oorrt niimnl.'iii a biwls of 5Vj per cent, of the niiullsli now npiincr to explain, Tin Dnllv Nctt". which 1h attributed the inlt. It 1 nlltK't In mic iorrn- with tinr-ltM leaiilnKH, In nn .'dUoi nl linndetit Hint Ciimidii U ' , ins Inde todny niijs tlint doubtless ilittnrittnnicnt iii'liilelnc clfiiinliK urent'-r fmoibiii. will bo one of the eblef poIntH of (lis GOSSIP OF THE STREET from the JuiKdli tlon ol the privy" .'oitit- rii and a f pttrnte 1 'itlon ;it Wun'i-liiKtun Tile xmii iMiiri'Miiotimtit veiti ratio i mi, inn liufweim Primp Allnlster Llov I It V C-orKO nml Ambnssnilnr CJcdilci.. Tlic, tnnst of "the Icndinc newxpiipcr ilserrns fiivornlile wnvw clVllll , j(.,tminy ...... It vvr the ronncmms of oplniini of hnbittof nhnn tlnncliiR by ItsclM Milt-never cu-r.vtl lnjr Is quiet Heading, be tinld, lu-comeH prominent iiind tnkes the first position In tlw innrkvt oporu tlotiK. l There were witne who thought tlintV there vwts.fur more to the Ktreliptli In I IteoilinK tliun the operntlons of nny Deaths of a Day JOHN C. B. MORLEY , t M tit shiii riiiri'HpoTniint vemrnit Great Curiosity and Speculation! tMnt Ann'ric-in HtntPhnniiiship i nrrMn ' iipiiroiii'li to the dominion on the I'nci Among Public ns to Hastv .nttn Summons Homo brokers after the manll pool mid tlint there was rviuVne' t nil indications ;'"' l'illtiR Iiiim been (dentil Illy iicciimii- In tills tonneetltm It In point to n rutin; aiiell In thn ninild '"''''l 'l '"'"ki'iK IntereHtH nlnto Its de wldelj known of Piillndelpbln un Thli. t). n.. 1 . -v i if ! '"n' " "eeeinber mid tlmt er,v llttl.i Yoik mil tutnte broken tlltd ic un., tin; nsseitetl. wtW fnri..li.iili,ur.,l ...- u., . n ....i..h. ....... i .i...,r. llllK ',l" iwnic tiroiiti", ttiiii ji ., . . ---. ...... ,,, nn f until lllll.lllilKtll 1 lift. IlllWilt. - .III It , fit i . Is tin speelnllzliiB of the trndltiR mid on the Street. They HitBRi-Htetl Hint tills afternoon ot his home. ..tut tlicntnut Prominent 'Real Estate Droker Dies From Heart Trouble iTohn ('. Jl. Morley, one of the most known of Piillndelpbln mi1 New sterility .! t-t.ltii (llmirnininent in the I'nlteil StntiN mid nrgts tlmt no mirensoiinb'e suspb Inns of (Ireiit H-ltiilit'H xlliooritj hoiild be nl owed to urine there oiiKRested in mne iiunrters in l.omloii " " l.""'" , 'u , ,V1 lii. . 1) i Av ""' i'''inniil loiittaetinn in -the volume un Itijs hum hue bien on kiiowledK Htreet. He hnil been HilllerinR from hemt tint tie I" me linn stu mm W hum hi- V ..". i ,i,Vi.i . iV.. iim iVr.. of t'mllriitn with tin. ........,.... n . i tl111' ""' ,llln "r UlstUDiHIoii or tun irotime six moniiis. ins unices nere to eons-ilt Sn Au.khiml li.d.k nt th. , M. If l",J'n J1' W,d 'J ' ". !nl. f Vr J . '' i. , .t,ll..00rrp8"mll,l,; ,n" i eompimjV nss.ts bml ,,lrendy been wen In the I.iin.l Title mid Trust Hiilld iii.miint the ti.'.mliil nlnVe Is t htmeiiis1 "f - V i. m n Z , t . . I , J " . ",,8m',f. " nI'r'1' I'tfreed upon mid imi hooii be uiinniiii,- inc. ' . Tn ..,. .,.., , lr. bnn.N. l.iliowlns un.m l.ot.l Milr.cr'- ''" ,lri,i1H1 ul" t i. V.Viiil , it." .,M K'lnt.wl ,0,lt th" t1"1 " ' ' iiltlioiili the execution of the p'tiu President Hnri.Mon immed Mr. Mor TO DISCUSS NAVAL HOL DAY .e-lp.it!,.,.. " lj-r of .-r :,,'np- .0)Jn!,inwt '' ' ,,f ','" "'b t!,-1'-"' ! nlrrmlv mm rtrtrr u l.inK period us ho nnny lev consul nt St. PI. tie. Ml.p.elon. In Wlm uiiwr. f. I,. .mil., .-.rfln i- Amerleit is not it fi" ""' ', ,"t ' ., I'?: "J v n.nkiiiB. tirrmiKcments important nmtteiH lneliidiii the re- 1MM. After erln8 lliele two enus be thn n. Mil .llstirimiiii.'iit wt'l ' ''.'" -' ""' ", ., ...WHimnee m,t f, ,.' '-winter vneatlon In tlreiiicnt t.f Kcndlni; seneral moitgnuo rctiimeil to niiiiiiieipiim una opmitl uisstd. 'lli.re Iiiim I .nlll.tln-'.r '"'"r to ti nit 'i.eit. t lie mw pa pel thliiii.I apln. it wmt i.l-o Is must bo nnmiRed. ' lenl ectnte olllces. nniNiii i....pi,t do,, .-..in,, to the .(ft thinks, would do iiinn . I'm. in th.np toll,.,! ; t. i.i-it the Hltunllot. jimtl L- .. !. He was a number of Hnly Trli.lt) that tl mmitt... ...i, .iiiihiI.iI .left i.m '-' ..V" ' V ti.. ..; Y i. t . , . . .7.. V. ,c .,,xil(,tl ? .l r.iui-u IToh-htiii)! Jipscopa fl.urcli. the Jin. mh It) the Aaos Intel Press Indon, .Tun. 18. (Jomtiiiih nt cutR are mpialnS unusual i c,ncewil ,, ,,,,. ll51lill,t ti l,,,!!,!!,, oncermni; 'Jotii tn(. msk of Mir And; and Oedilei.. toe ltrltlsh niiibitsn.br nt AV'aRhington and Lord ( hn'un rs' mis don to the I'liiti'.I Stntis hi, i luii '.een postpon.d The coined!, no o' the iiiuhahsador s return with tiiiH pimtpntnniiiir points to the likelihood that the .ii.stion of tilt- Anglo-Amcriciiu d.bt will In th chief mibject of Iiis (oiifi-rviites wlt'i the government The visit of th. anibusndur which. nccordlng to reports torrent here, w i mdertnlun on n iinntj suinmoiis froii. the primp minlKter, cclti- cruit uri osity and speculation 'flu re K no qiies ot iiiim e t illicit' fhln. oth.ru tbnt i.o diclion hits i't bee.i run h' 1 It uiu he I'll" poced flint thi' urn tiet l.'il lciiss of the nntl wntti ntiiiliitnle in tin 1 Iomt b v'-i'l'i'ti"t. . Mr Tliiiinii Po'inti. who oil .Iitiinm 1.". .I'f'tt.il Major .lolm tlai'nb Atol. n .iv him "li.e ilt.ct on the ipiistln't .f nil. ii kiit; mi o-tlv nut it I txpentlltiii. tn, I If i- p'm"iii riinslili r 1 ilia, tli ..-'I'M. in nt N wnil lute lo i mi mil lln dominion- n . tin i n. t 'ml . 'lit. i in in .Inn. Tn' p itpoi ni.'iit "f tin C'liuiiiii rs niNri'.ni I- not iilCi'tfi lln i iiiiwelioiu ' T in r. Ii'hI 1''' n prof, st- t tintii-r mix hn"t -iff i nunc ol tin1 tleot iileslioii whl.il w. I t rtiln I h nri.ois len S. P. C. TO AWARD PRIZES Fifty-third Annual Meeting Will Be Held Tonight noiiBh J" miiki' it-liable ine'tsuleinuiN , -. -i p,tt'(-iii.'4 I(l(N .Hiiup.iiK ill conriusions lollio frmerrilt.x. the MiinufueturerH' l'ossiiiiy necuUKi' or our riiiud lire flub, the Hankers' Club. New York .,r.,,..! !' ','".' rt Kl,n"St- rcHpftH n nj of doliirf buhiticsn and the excited mid the PeniiN.xlvanlit riiib, New York. I ro Olltlil'll ltlllll,lt'lieut from ll,,. ,1.,.,. . .... . . . I'linnt-nl u..ivl.i.u Kill I... ...mli.nln.l months f Hi"!), still tfur.. is ,, niitnr.it ' " ",tl" v l' art- nit.re t r less prono to nft,.)oon. 'flielnlerment will be lii , I'liiitloiiMiess to defer inuUm. ..rfnnwiv., lump nt t .inclusions, suld the prcHi- t..ii...i tnfr i..m.,t,.v n.i ,,.in i... . lollltilitmeiitN niifll in, hi... i'.. i i dent of one of the tnrirc nnlnv it front ..i. .... ' Thi- rift? third iiiinuiil meetiiitf of the and liniuiiv shape up better or nt lenst i')l"lmiiIeM M'sterdity. "Lefts than it ' Pentis hni.ii Sofiet for tin- I'reveii; l.ieueli u position wherein the poitsibll!- ""'',-' "" '" , coiitlniiid. "One AlrtD I n uiuitc Cloli ol i men it' .iiiiiiihih iiii nr in-iu i uvi 01 me ensuiiii; twelve months will v"oiu nme Mtipp.i-eiii jutiKiiiR irom inu itiMJUn J. j. ni I u nl ll'4 N'nr'u llload Ftrcet this eve le onm to ninih-klK. Tim .....1...1....1 .... win lieoiile weie writlni nml tnlkliiL'. THE WESTERN SAVING FUND SOCIETY OF PHILAbELPHlA Main Office 10th and Vnlnut Street Kensington Office Frpnt and York Streets . , Seventy-fourth Annual Statement, January 1, 1921 nil).: (!i in mi pl'ixlll . mo 11 P the met tine still. II .if flu. ....in..l t ' . 4 li n 4 ttii U tliilti i.nilti tfl it nu nti tin. It..tlr ... . a. ... ... i. 111 1" ."... A' :.W,J.',, ",l ,rt "t cm- I "."'. V . """:..m .V. f.j .: veteran or 1 wo wars was .....Mi un .. ... 1 r.i.1. 1..1 -uiiiL-ifiiii liivoruillf' at tile 111." I ' ,,.,,' ' t".ij in' 110-1111-1 (tin 01 11 i.iiuii'i iiiout;urii were v.orKiUK oMTtiine ami aceordliiK to tile cavilled n polls tlint were koIiir the tniiinls, niore tbmi half of the bitf business con cerns win- Koine to Himt down in (klliiltoh after the turn of tile jenr. "Afiordinc to the nrl-.eicii'ements jmi re-id in the dull newspapers, liiiina'fin s ............. . .... . ....,, ..i.i.iu.iie 111 ine 1110- At tills time ineut for it cunt Intuit Inn ..f l.ntui priis will be pu'xeiife.l to public .stliool j fixity nt r.tt extent in the K.'tierni list, nmillj vho submitted tho lift .'ksiiJh There in. howeer. mwv nK,n..i c.- ' 1, I on "Tl. Proner Care and Treatment of' the toiiiiniimice of the recent il'ooil In 1 Horses at d Cuttle" and "The Hob " Mhtment demand for IiIkIi (jrtitlo m-u- 1 1 ' "noil iiidui trial and riillroitl dividend Im.wmc stocks, us u. '11 tiu o....,i i....i. mid this choiild holtl the Keiiernl market The Decline The Trend of Bond Prices as indicated bv in Commodity Prices 'lhere is ar r N.'iiibio trmy to conmu dit tinoee. i ultuilllC liiV. l.-ninorary in i'uu iiaim ivi.'i which bund price- inovo coi.- eocitutiuiii m;ij Jelsu tho perfect opiT.ition ol thli la"-, but ultimately the tiund l tn defined, In iineu ut tnt! lsiiinl activity ai i 11-uiy pi. . -, nioij tlows, from irnettnunt channels -nto commotiitirs.. The consequi nt demand lor niniuj foi industrial puipo.-es iiicreases its cobt, and now bund issues b. nr lrnrhti lati-s. Priie- of old bund isues adjust themselves to lower levels o that the yield may cmicili.' il pi.'Miilinu ratej tor niw irMU-s. In timei ol milu-tiial reaction .iml .'all mi; piiLt"-. tho deinuml for capital for hid us, trial purposes slackens and money rates fall. Monej. Incoming more plentiful, flows back into investment channels. The demanu for liond- and the tendency of bond prices to adjust themselves to lower money rates i:i.il l.ott.' piict in advance. Labt Muy. 111 an effort to show tnnt. w 1 icmmtdity litiuitlation imminent, bond prices were due to advanci, v; prepared a labl. , a- t cirpt of which is tfhvti below, indicatiii"; tho jnormous drcline in bond prices us nunsuifd .i T.rin- ol the inflated values of commoditiei.. third C'Mumr. lias heou ..ude.i ' "i n-r tin 1 hihit '.p t date. Quantity of Commodities Exchangeable for $100 Union Pacific 1st 4's Unskilled day laboi . . . Sugar Ref. Gran Cotton Steel rails Steel sheets Pig iron Copper . . . . Wool 100 grades avge . Wheat . . . Corn . . Live beef Leather hemlock sole Oil Ref. petroleum . . . Coal Nut anthracite . . Newsprint Brick Common Yellow pine . As subsequent developments have shown, uomi pi n.t.s tu.ii.heil their low luul 111 May. 39u and turned about, -hilc commodity prices have been shandy declining rince. Though the rapid advance in bond puces, in the month-, immed'ntely following May hns not but., entirely sustained, Lend- are todny substantially above ncir low point. The advance, howevti, has r.ut uetn prop 01 oiut t.- the uucllne. in commodity price-t for the reason that litiuidation .3 ttill in pro:cs . Mom. rates, which must eventually ease, have not done so materially as jet owing parti to th' iuantify of aedits tied up in unsold commodities. Ma Ma Jan. 191-1 1920 1921 days 5S.4 12.6 16.4 .lbs. 2,395 350 1,038. .lbs. 746 188 512. tons 3.46 1.40 1.82 .lbs. 5,243 1,400 1,885. tons 6.58 1.64 2.36 lbr. 685 405 656. .lbs. 408 114 828. .bu. 882 24. 40. .bu. 121 "4 1-3 86 1-3 .lbs. 1,311 1 1,060. Ibj. 323 ", 234. .gal. 746 1 283. tons 151.. "i.6 5.8 lbs. -1,311 .0 1,261. . .M. 13.85 3.08 4.55 .feet 3,233 700 1,323. TIo- far tut (.pertt-ion .- tne following comparison of tne economic lav. has prurtsscu ti date is best exemplified L)un' Index XumUi cf tin ttver-itre prices of 300 rommodirirw t. ith the Nov. Yok Tun"'- average f to hord initf-: Dun's Index Number . Average Bond Prices It is ti.'js upparei.v ' tionately a1; large as ft May, 1914 118.230 87.38 May, 1920 263.332 65.63 Jan., 1921 198.600 69.55 n.i- tho auance, in bond pike-tji-cline in commodity ptices. i-t May has Hot been propor We conclude from tne above that while the .ontin-n.d auvance in bond prices may be 1 lnuarnomai economic principles indicate that temporarily checked by secondary influence the trend is now de.nr.itel: upward. We ahal! bo pirated to tend upon reque t bonds which we rcconimnnd for invettment. our lirrulur containing h nelectetl lint of l Clark, Dodge & Co. i rni i-iint ist- 51 Wall Street, New York 11 om 111 iopiiv nn fici)i IjrciilCM if In- nn" ", v "v'-"- i navortisln.c, most ASSETS ttnlCdl BtntM of Am.rlo. Ortlfic.it.'. 1 .f . Intt." it'l ''t,!$' I nltisl HItM of Am.rlon MbrrtJ nnd Motor l-onin 't UU 4 eily of llnlllntore. Mil , ' City of Cnmdcn, N. J., Hiliwil tt lleimtrcnunt 4Va (117 of CliUnirr III., ' . ., , -, 'i'i?.'.'7 Clry or riitrlnnatl, Ohio, Vlmlnot, I'oll.f A Flro V, a City of Ct..vflnd, Olito, Wal.r Worn. 4J4' City of Iiuliith, Minn., W'tr & IJuht ft Clly of I'.UrnheCli. N. J , AilJtitlliiMit 4 . City of Jrwy City, S J.. V. 4Vt nnd B' Stnto of Murjlntid, Rt.ite llond l ... City of Nttlitlll. Tftin , 4'V. iml.f a ' . III. .. V.. ..I. VT f l.....!tnl t'tt 1 Cointy of .S-"w'cotll',' 1M . ItiiIM.n t'otiimltii'on 4'4' I City of Nw Vorlt Tox l.xnni t 4 (orHirlP Hlotlk , . .... . ... .. ;,:, ... ' I lly of .Norfolk, Vo . Arir'irttlon, Tcmporitry Wnlcr Imii tc Ilffund, iW A C' I City of tlniiittp, N. J., dtlio.il ft't . . I Clly of I'Mlmlfililt, r.. SH'i atia 4't .. 1 tlty of l'lttubiimh. Pit.. City I tall ft Mini. 4V 1 ny or rortintiu, orp , i'arn, iirniKt' rv iwuictn.-. -. - City of Ht Paul, Minn., lllBti fclicit l' . .... Illy of Hi-MIK Wttlt . (itrlinitr & Wtr I'A't Ml. nt V'Um n.lnn I kit . ftlliklniS Flint 4 1 4 .. ...... ..t.. .n...ln l.t.. 1........ l ...... .... II.. . !... .I......1 llluu 1. .................................... tii-ttv etiitniiiiii Alt I. It lllllllt III- lli'liii IIL rtllt Rllfnjf tniirj it.. v.. -..ltd. ..p.r '" ; the r,itt'.'licl.I AimitmontH. T.'.VI Hfitcm I Hummer t ' J I' , aJx'- ,i" VJlt-N-t i;t "iiVaVf.'tl '.;.". , i tt in . i in i IlanKftr St AroonlCrok II. It. (fit. John llivrr ixr ) i Mwe, u m , stru't. IlrookHiK'. was tnVon ill n""cn crrifc KitVnsio-1 it it int jitnf avi 4 'j nntl u a . . Edu cated In Philadelphia Huston, Mitis.. .Tnn. 18. Mnjor John. Clit-itt'r While. I'nlteil Htntts uriiix, ic- i tlr'.l. ii yeti-ruii of two wnm nnd iiroini- IlPIlt Cllllllll noitutuv Ht-aillnx . 1'Vatnrci by Itst.U .Votwitliitundiiitf tin- mnrkct per foniiutiti' of tin -tuck -.oHtirdiix iiiiule HonitMif the tlp-tt-rs iiitdlctlons look like tliirC tciitH, tlicrc wits cunslilcniblo tlls ciivslim mi tin Street ifKiirtlliiK the relntin ii.j-tibllltlfs of tlit HcnlinK stock u n market attraction, One .tor had it tlmt n Kiniill poul hml been foriiicil w ith lit'udiiiurti r in n protnlncnt New York . Ollltllisslcili 1iiiiii.ii. hut ntit. nf tint IpiiditiK brokers in tiilklin; nbtnit ltciid- , iiiien-tn nit,- siiii mill it is it stocl; tlint litis it nbont it. of tlicm "till see'in to be tloin biislntso .ir in.' out Niitnti, nntl in tin- hiiiih' nltl reiilur wn.v. Tlicre nin benbu.'r' oi a coiisuiiicim' strike, but the larRc p. r ctntnjxe of the nation evidently In on tiniiliiK to bn the ncccs'iltiis nf life nml Iiiklns pood cine of tilt' Ntonmch anil b.iih I nm bi'Kiiuiiiii; to bi'lleu we t -i 11. ton much mid write too lunch. I'nrini; u rocnt tilji nbrond, I found an en tir.'l. dlfft'ii'iit state of nffnirs. I'm tittilurh mi in Knelnntl where, despite terdm on tin- Cominoti nciir Trcmont mid llmlstou streets, lie was placed in an miloiuobllc and taken to the IIn. iiiniket Miunre relief Kttttlou and on arriviinc thirc wns iiroiioiincrd th'iul. Mitjo.' White was a lincitl el.-pt oiiilunt of Hitler John White, who immigrated in Il'-'IL'. si'ttlliis with the Hooker col on) in (.'iiinbriilci and Inter foui'dinp. llnrttortl and Ilmllej. lie wiw born Mitrtli . 1S41. ill New- "cirk cltj. but wn ediicntcd in I'liiliiilcllihia Tchools, iniitiiculntitiK in the cln-s of 1801, r'ni- tlie liillltlnhliiL' tirohleins c niifiimtlni' I sity of I'l'miHyhnilin. the business, cominmitil nml tlnattciul He wuh one of the ur cutlic-t vobm- notiod To s, COUlIllCrilltl llllll IlliaitCltll .- "'"'"'fill tne- tei.i tittiit-t luiiitt' !.l . itibotU was siijlni: iinthiii' t. ers to respontl to I'liHlilciit I.incoln's . j,,1,;;,';,; l'o the contrnrv. ever,bodv call for tioops to ciiloice the laws and li.trolt iv I'D How Tos Trade In The Market and other rules and methods of Interest to traders are given in our free booklet,"The Invest ors and Traders Guide." It tells: The General Rules of Trading. The Rights of Stock and Bond Holders. The Deposit Require ments for Carrying Stocks. How to Give a Bioker Instructions. Broker's Commission Charges. H o w to Indorse a Stock Certificate. Hov to Group Invest ments. Call, phone 0E,,wiite. Ask for No. T. U..3-41 JONES & BAKER Specialist in New York Curb Market Securities PHILADELPHIA OFI'ICi: WIDENER BUILDING Telephones Bell, Locust 4730 Keystone, Race 2290 BALTIMORE 01 FULL 433 EQUITABLE BUILDING Telephone St. Paul 8451 Offices in 8 Principal Cities Direct I'rhiit Wire c.m.rnei (1 net V or intllreeUir wtn llilllllllllll tin- lilt, e'l ll oC tin- I liloil. of VioikiiiR like Trojnns to get out of their ferine hl seniccs April IS. 1MI1. Ills tlllliiiiltits, You beard a little about the sti.lies as ndjiitaut of u l'i iiiim. lwmiii tioiible and rend'lcss. Kverbotly birr, ri'iineut was follow. d b. entry into however, is rapidly tliMovcriiiK things the regular arm, in ."Mnj , l.St).'!. in iti'itertil are not half so bad in tl'.'.v , thought they wore- &-, cresson Funeral ' linpoiliiiil Melean Lcslslatlon 'J'''" f""ernl of Miss Anne IlnniMm ,, . -r i ... .i ., . ' ( rt'tiMin, genealogiit and member of an lhe news from Mexleo intimating t but ni(1 iViuiMlvnnia funiilj, who died the Mexican government is framing Xiihmlnv nt h..r w,im 'Ml vv..ut si,i legislation to de-trov tile- retroactive itiitiires of Article XXVII of the Mexi can constitution, thus giving Mexican oil toinpniiits complete titles to their land holdings. is of more vital important.' to Mexican Petroleum Co. tliun nnv itlur ciimiianv frociiilhc the Mexitun House lime, (Jeunantown, will take nlace todav from Cnhar.v Kniseoniil Church. Mtinheim Mrett and l'uhiski av.'iiue. Int. i merit will In in West I.iiuril Hill Cemetery. Miss Cresuon. who was in her seventy fourth .v.'itr, tltd gi'iienloKiciil vt. irk lor l'ttrolcnm bus larger and more valuable Home of the most prominent finiiillcs in holdings than nny other couipnn . Tho Peiiiis.vlvnniii and the Kast. She also propositi new legislation will be the did reeeinth work for the 1'eiiiit.jhaiiia culmination of a light made for venrs Society of the Colonial IJaints of by tho company almost alone to main I Amtricu. She was ltgistrar ami one tain its complete title to Un oil lnn.K ' ol the oldest membcis of tlint society. The compnnv has never even consitleicd "d. iiNo a member ot the Cenculogicnl it compromise nltlioiigh compromists N'cielv u Pennsvlvuiilu and tt.- I'cnn- Imtii liee.i Hiiffirestrtl reopiitriv uni 1 .'""iii "imorii-ut i-ocieij urgxl strongly. The hand is, therefore a victor) now ut complete one. j , l'lnlanil's Metal Industrie 1 Hiring the last few vears the metal industries of Finland have been working under favorable conditions, llavv mit teri.iii., with the exception of coke, have been obtained quite ensily. Tho tie inuntl for metal products lias been goml, und the factories have worked continu ously, v ith the execution of tt few which stopped for a sliort time on ac count of strikes. There has been an inert use in prices due, to the incicui-c I in the cost of production and of raw materials, an increase migiiicntid by the low rate of exchange, but the prices of domestic' product) have thus far been low- enough to met foreign competition. j Ittcently there bus been an appurcnt I doci ease in the ilenituid, due to the lack of monev in tho countrv, but nil i the factories have work for the pr. cent nnd (imic for n long time ahead. ' Tliej I will need to procure more raw ma terials, however, in order to keep up a I steinlj production, as Finland is ob liged to Import all the raw materials needed foa these industries. Most of I thus.' that are being used were im- i ported from (.itrintinv at pi Ices prevail ing at the time of purchnse, J Now, owing to the ilepn Mutton of (ieruinn turn-net, t'ermun-iiianiifiic. .tared articles tire exp.nted and Hold at' I prices lower than those ajrunly paid for the raw materials. Furthermore, it is said tlint the (iermiin Government is insisting the metal industries of that country l)j placing on ruw materials it high export dut.v i sometimes its high its ot) pi r cent), in order that the finished urtlelts inny not be more expensive when 1 exported than the raw material. The , 'result is that miiuv Otrinun article? I nre now being sold in l'inluud nt lower prices than Tt t Is possible to Bell tl,. products of the domestic' metal indus tries. The situation is regarded ns ent ' ical and It is feared that such competi tion will seilouslj nffett the dounstl.' i industries unless mtttsures are taken bv ! the government to prottct them. 1 THi: THAIHI. I FORD PAYS 8 MILLION BONUS Will Take Five Weeks to Fay Firm's Employes IMiolt, Mich., Jan. IT. 1'a.vi.ui i f the Ford Motor Co. bonus for l'in, amuuntiiiK to about Ss.000,000, In gun at J o elocU jestcrdnv. nut lo.ig Miss Cresson was the tlittishter of the lute Walter and Alice Hanniun Cres- i son and was the Inst member of the Cresson fumilv vv tilth stttlcd in Penn- . sjlvania more thnn "4)0 eurs ngo. lie r nearest itlutives ate Miss Ainbel W. Clark, a cousin. vvlCb whom she lived. f...s.l t. Ml... tt If f'.v Trti.t If. 11.1,,... ,. iniiinii. .. . . .m.. - .-. - --- ( Cnntml I'flrlflf Itwr .IU'ii nml 4't I- (Vntrnl It It of N. J. tltniral Mttc 6 Clifnpl A Ohio Urrv 4' nnd ."' . .. Cl.trnto & rfltlein lU'n.iln it. It. lit Mttt. B't Chlemco 4 Irl IC. 11 1t Mm, tl's Clilmso, Ilaminond & Wtfrn It. 11 lit Mtu. .. .. .... CMrnBo, Intllnnat'ill" . Ionlvlll- lly. I't nnd 4'4'n ... Clitrtto, llocU Intnnl ft Prtd Itwy. (Irncrtl Mine. 4' Clitdiico, St Ixiuli. A Nw Orlnn ." . , I Mm jo fn'nn HtaCuii l.t Mlo 4'y nnd "l'j Clilmno A Wrtm Indlrnn 11 11 4'i toil tin fhortHW & Mruphlt It II im Ugf iVti (Ini. Intv, Okl.liomn A Onlf 11 II ','. . . ClMdonil, I'lnrlnnml, f l.ti'teo A St Joul ltj 4 .... t Ifvelnnd, Iornln & W'tifrllnK Itwy. lt Mine it ( lcflind A Mtrlfltn It 1C MIkh. 4i.,' Clrliiil A ritUliiirRli It. IC llmrrul Mine. 4'4'R ... . i liTplnnrt Hliort line Uwr 1-t Mltr 4H' Ilnrfnn A tlili'tnn II It tun. 2112. 4' n IK'Uwnr A Iltid.on Co It t I.lrn Knnln IVjV lltTcr IS It A liniKo co it miku. rin'nnl A 'runni-l l.t Mtite. 4',4' Kiivton A Amtiol It. It lt Mine e'ti l.Ilwoo.1 Short Un n. II. 11 Jltp. S'ti '. IrlIC IC. 4'u nnd niinlpini nt IVi'i Krl A pm.ljiimli It. II flcnprnl Mtu :i' tlronlirlr Itj liit MIbp 4'n IlnMilnjiiniirit Il'dford A rnnibrlnil II. 11 lit Mtu. 4't Illinois Central II IC Kqulp 7' JnmpntoiTU, Krnnei'n A tl.nmeld 1m Mtue 4' .v, Knniiai City Terminal Itwjr. lut Mlt 4' lukc Krle A WrMrrn It II 44 i:.iilinnn Trut ..'., Ink Khor A Mil-hum Soiithprn lln. .Ti' and I" I.hlKli A Nn KikImhI ltnj- 44' Eintipmont Truiti Ihlih Vnll It IC Coni.nl Mtu. Annuity C'h , fng Dorlt Co. of N J. I nM Jltito. tl" lonit tlnnd It 11 4' nnd r. i "...7i.... Mlrhlnnn Ccnlrnl II II I-fiuliunrnt lmt !!' Mllrrnukpp, Nimrln A Nortlinmli tn tin 11 MlK 4' .' York (Vntrnl I.ln 44'r nnd "',' Liiulpirent Tmt New York t entrnl A Hudmii ltltr II. 11 4iarj, nquliirhrnt Trutt New York ronr.itliiK It It 1il MtK. 44s . Nw York A Uri Jl II 4'1 nnd 44't Nw lork, Krl A Wmtern tonl A It II Co lit iV , Nw vorlt. w lln.n A llnrtronl II, 11. 14 i nnt .' I'fr vork, N Iintoit A Ilnrlfonl It IC (L'iO nhar Now vork A ortlirn lln v. lit MtR r.' Nw York. 1'hllHdrlplila A NorfoU II It 4V . . . . Nw York Shore Mne lat MIb. 4' Nw York, Sinnurhiiniift A Waterit It, IC 44'n nnd iVt Norfolk A Fonthfn rtfr :ipilinint Trutt Norfolk A Smithrrn ltv lut VIIki. n'a Norfitk A Wtirn It II 44'i nnd l.'t Northni IVntrul liny 4n,'i . Nortlirrit Pnrltl (Irfiit Nnrlhrn C II A Q 4'n Ottilenilntrir tt I.nk fhnmnliln Itnr 1st Mtn onto t onrirt'nir tiny nr mib ii ,.r Oron Short l.ln It It ltfun tlun l IVnnivhnnlft Company :i4 h. i's and 4t.s I'nnirnan'n II II 4's nnd 4 ,'s lVnniyhnnln A Norllnvpnlrn II It Vs l'hlla A llnltlnio- Cnlral It It 4 l'hlln . Ilnltlmor A Wnsliliittiin It 11. 4's Phlla A JtcnllntT 11 II tun A Ir.unt. Mtuf. 4'a Pin Crk Itnv. l.t Mlg fl's P. C C A St I-onls riiyi. Connol .Mlg ti nn.l I'i's l'ltthiirKli. ti)nnitloirn A Alilhiil Il5. 4' nnd fi'ii llftaitlftv I n T.t.nv I'nnl.nl I aII..,...! I ..... .t'.. ....... . -- .l.t..-. , .-..it... . w..u... t. . ..,.1. . n ............ ) ars Mtot ti) 4'ti and tho Ke. Wnlter Pugh. a nephew,1 litohir.n id w,,i,'iiinn to s if Tvi'iini'tt Smiiir.. Ht. Ionia, Iron Mtn A Sonlhm I.nj ft oi jvcuniic .uu'ire , ,,, PrttI(1 & Nnrt,m,n Iny r., ;; Edward W. Holtry Fdwntd W. Iloltrj , a polictinuu ot the Thiitieth distrit t. tiled in the Hpis eopul Hospita vesterduj from injmies rtceitcd in n tall on lit? ember 2tl. He liit'l arrested nn nutoniobi'i tlritci and sllnpcd from the running boitid wliilt going to the police sttntioit. H hnd been on the police foito thiiteen jeiii. His home was at j:t() W.st Ih-ie avenue and he is uuivned liv hi- v iiluw nnd one child. William Rhodes After an illuess of two wc. U-, Wil liam Ithodt'H, general superintendent , of the ltatdwin Locomotive Woritt I Iiliuit. died Suiidny night at his home on Montrose avenue, KoM-mniit. Ilr I was sixt.v-iilue jetirs o'd. i Mr Uliodes wit" made nsslstont gen- I (rnl superintendent in 1SS7, vvhen Sum. iil M Vaiichiin was general ninerin trndtnt. 'L'lien be was appointed gen- . era! superintendent of the plant. ' Mr. Ithodes Is survivul b.v a widow and one daughter, Mrs. Cttirie Moore head, Of Itosemont. Funerul services will lie held tomorrow afternoon at .'. o'clock, at the Protestant Ilpiscopal Church of tile (Jood Shepherd. Itose mont. of vrhith Mr. Khod.'H hnd betn a member for many jenrs. Frhnjlklll lllter Knit Hid II II lt Vltt. 4's si-Hiioirn at tin -ie,r. I 'I'liptni nt Triut . ... , Hlmmnkln Siinlniry A I-n Isliutit It II Sd MtK. C'ri .Sonthm Parlrlc to Ran Prnniliro Tnnlnnl l's ., hititlu-rti Patl.1i lo 4", nnd "r I'nulpmriit Tr ltt , Himthrn Ilnr 44, Kini.pmiT.t Trusts Trwlnil II It. Itm of St 1inls 4 4 a nnd fi'j ... Tloaa It It lut Vlttt p-tit-ndfd V Cnlon Parlrlt' II II. tut I.lon and Ilofdg Mtm- 4'a I'liltnl Ni'w .1rt It It A (nnnl Co 4's vnndalla II. n ( ntitol Mtpt 4's . , , Virtlnlan Itwy. to i,r Pnutpnifnt runt , Wnhash n 11 In Vlttr r.'s . VVnahlrglon Trrminol lo lht MIb 4 a W'trn Nw York A IVr.na It H 1st ltr B's .'.', ;).'." J-,r"'T Soashort' II I: lrt Consol 4 a .... Wlrston Salem Southlmunil Itwy Ht 4' . .it.-. '(,.. mi ttiuiiii iriui.ii to 1st itetiiir ,, s .,,, ' iHiiinkii A nntoklni liond Co lit Mttt r. s . l'litln. Itnnld Trin.lt Co r, v,iiiit,mit,t i..,.t. Wit Phlla l'niinr liny r.'J. Mte " ' Arrild Ill nl Fatal Co lat Mtite l.i.M ,Vs ' Ihlrh loal A Nnr. Co 4's aril (i.as Nw York Iiok Cn 1tt Mure 4's . .. '" ' w- Vork iKirk to Preferreil Sin. lr r...r. .1.'.. Nrw v.ork A HolVn IVrrv t'o tlenernl Mtc iVa . . .!' ' o"1"- hes.nnt A llrond Htieeti, 1st Mt. (,', i-iiiiii. a. lam'ini rerrr to a'ork 24P Ithnrej 1'hlladelplla Kleilrl Co lit MIc H P. r.'a llonds and Mortirnis Cnll Iians Iltlls Itlinhl .. ;. Hank Arrepianc Ileal UitJti- Cauli ' 0'4 ssi;irf m ClIAHt.l.II I3.015.tio,) 0) 8 2-17,700(2 M0 000f 0.HK)(,t '' m iw WOWlftl IMItKIOtl, rntisii , fOiittiOfti rnortxioi f.lWlOi liKDWAi 101 Nil) I I r 1 1 O art 4 SfiO 1 0 Is 4TV fnid ( roooi i ;i nt. ik ?l)t'l!j nn no.it) i lOuiiDoii S0tKl.ii i lhOOtmii 77.V (ivO (n 1 'i:m idki c, lii mi r i l'.'! tllll I 170 tin oi .."U (id i o i so (no r 4.1 crrt ri IttinnitV) nmiiiBio : oiaiKi I'Hiimnt). ."sionOd) SJI OlXlll s.miOin. .v Oj 0 (f '' I1S1C' ."(OfHIOOi -Vi (sn AW rl oi lOOOOOlpl l"rtiyi( '-0(1 full) m J-l Olio ri I I ( (nl '.'M (ion i.i -'IiOikk.i ifioortd 1 'tl (l l S'Ct flft n lsiicflm '.-nwiotii lKKKiOfti nsiiiKio 4H0 000 0I ,;.nniflm 10 (KM ft IKl (KM It liW(i)(,i IV. IsM 11 ri(in.nn 7M(iO10' lIKIIIVlftl tt.ailiniK, 1474(0,100 1 '.n Ifn ri 4'ntAir.i IVn n,y)(n leiCl(j '.sooo i) -( iei 1H0(1H) I'lOnOllI f(iO(o(n fl OKI 01 flOOwlfil mifiir t-o on) n-i .-0 Oiio Ol RirtOOlM ." wi ei ini((iiri lflOOOUhl 1 471 'Ol IX 1 ino floo ei 1(1 000 (VI '.fi IK) ft) ' 'OtWiftl rtN)oi (v) .ViirtHn s7Ve)0(il 4l1 OKI (I) 1 ) Mil I. ..m omo' linocooS. .Oonootrfi irooroi 75 (mi 00 i .oonoM 4-ootnr.i ..H0(i(l(, 107 001(1) Jim 000 A1 -- (yio JOOOiMO., ")l(lil .-i)000ft. 111. Ill) III Htooiirwi ,V)0 000 0) rmiooel UnllMXr) t(m'lVI 01 .ii'iohO' SlOmim n 0j 11 llHK'HIIll "oonoono 1 Cl0 fs H 01 ' itVl(.1 " (iiool 101)0.1101 -iHllKHKtl I. 4'n (l 1 ii (l'i) nl .MM-'pl iili luiill lull 000 0 71i (.( 4111 IMHIItl .' 7.1 . V 4 t s in mi-jM'.-sir.i l LIABILITIES D-imstts, .11 ninher lB.'O. . Interest ndjed for ldl'O . . . . 111421 hi.) IV 1, MO 800 IS P. J. VAN BILLIARD , ACCOHNTANT-At'DIXOlt p'Ciantlno' in JTDIUIAI. INCOVIU TAXr.-) farncrtj vAth noonit Tax Unit liurcau of Internal letsmu HflO RKI. K3TATK 1UUST III.IM). rilhert B.1(l IPie 8MT 'in tt Iinoltort, Speilal Ileterro oi aiconnr of d priclatlon In mtr- net y a I u e of 1 Jtn , 1021 JIOP32C30;t3 conirttlet flsrplua ... . .J1,7.".'H) 0.1 i.N3,I, 95 StM.ril 'j-j i.7.i:ji $5,000,000 Gity of Philadelphia 5 Loan Dated January I, 1921 Interest Payable January I and July I 30-Year Registered and Coupon Bonds, Due January 1, 1951 p Free of All Taxes in Pennsylvania Free from Tax Under Income Tax Act of Congress. Legal Investment for Trust Funds iie-ndf j1 ti.e ( it:. r Pliihul.'lphu enj a iuh inetmeiit'htandiny. 7tio are owrieel largely by saiiiKs rund.i, trust estuto-5 and conservative institutionn. XuLfotiablt- Interim rort.lk'iitei vill be i-tn d if desired, pending engraving oi permanent certificate. Loan cei-tificatetJ lntercliang.-able a, lo tonu irom registered ifo coupon, Or iruni .oupon to registered, and rte.chaneaP)lt- from one to the other from time to time at option of holder, and coupon form may be regisstered as to principal. . May lie bought in denomination! of S100 and its multiples. Sealed proposals will be received at Mayor's Oflice until Monday, Januar 21, 15)21, at 12 o'clock noon. Bids must be on form which may be had on application to Mayor's Oflice, and must be accom panied by certified check or 5'T ol par value of the amount of loan bid for. The right is reserved bj the undersigned to reject any or all bias, or to award any portion of the loan for which bids shrll be received, us thev niav deem best for the interests of tin City. Full descriptive circular furnished on application to the Mayor's Oflice .1. HA.Ml'TON MOOKK. Mujor WILL II. If VDLKV, City Controller UA1D J. SMYTH, City Solicitor TheSecretof Leadership T'tflE principles of leadership in busi- I ness are not many mnumbei. They i .'" a ";, .nm , are not hard to e-rasn. Yet less thnn ul,f"r' llflt h""r ,l "' of -Ol)0 ""'PlJ .v omen in one hundred ever learn them. I '' e-xtcml.-i four blockt, hnd cutti. r. 1 ...... . . ,.,,,.... . 'nnd itvvnited their turn tit tin iuijii.ih Why? 1st Lack of ROUNDED business ,t,r'K window. A crowd of idle,- r xperiencc. 2nd. The difficulty of draw ing men, not ninonR the fnrtuniitf m ound concutont from the relativelj few Hue. compli'tcly blotked trnllic on .Mni, xperiences that any one person cut hen. li.st.r avenue 1 I'uth ninn dr. w botwen MOO und TVw-.lr Varc r.f T?PCairrVi ll-"' in cukIi It will tuke ttbout it Through i ears of business research, laboratory crk, and Etudy of th lives o( snccct,s(ul men, cciansiB oi tne uomu-, ir..itiiuiii nae w( Ktt. nil viller utl.ltl int'li onliv . tn iiiin. I ..v.... ti.A i .1 .11. t!t...r... i ... t )ii'ti nit' tititiii-t tii.t i iiitiiiiii, iiiiti. nit.'lv -f.iii.iMMi jii i itHii was cuirl.'il to jthered and out Into clear undentandablefomi " i ord olUceb U it Bpcclal tl.'tttil it ie fundamental business information that every piivutc puhet'. ianinusthavetoachitvlcad.'rohipinbilticii - hb Information heretofore has bein rivealtd nl) In the class rootrs of the liabson Institute RARQ 'SHIMMY' IM CHnnL1 tudrnt School where tuition .5 t.WO j esr DHni OnllVIIYI I IN OUnUULa xclua.veot llvinn evyense. ' NOhowever-throuKhthede mm irt of Not Pfope"" Dances, Superintendent tieUtll4WSiyriUlvis.it w ox tne li.tison It.- , Asserts In Closlnn Centers tltute this training' Is available .ii a fr..Lti n ut h cent of the resident school tuitioi . WouUiou had? Then fend TOII Y for full particulars about thtsr ici iar -able coun.es. Never weie then- Hreatti opportunities for Ic-aderol Nr rlailt's mors urgently needed I Send for Our Book ' "Ttuinmgfor Businiss Leadership' ' Our booklet, "Tratmng for Bmrtji leader hip", decribe these coursed aro tUK how i aderthip Is achieved It conta m infonuatlon (extraordinary interest to all men umbitinui ar success. Send for It. It's YMK No obl. . .atlon. Tear out und mail the coupon MOW I It. linil.illiilll...l.. ....... ................ ililtititiilllniiiii.il 'lease send me free, to keep, your BcnikIet!iN3 Training (or Ousineis Leadership". ( thi(. iliu. Jim liiiniii.v" nnd 1-- Uy A. V .'II. tin "totl.ll. " nit n propir iliiiitii i r w liool int. rtmii i nn nU, Siiniriiiti'inlciit l'ttr A. Mm - tain- n rulnl tinl.li in liiiulni; t It. ui I fin i, th. i onm iiniiv t. nt. r ut tiilM.s nf I tin Ilr.'iitiiiio I'ulillf rii'lioil, vim.' . iM'iK'ilnirlioo 1 j. Ming pcopU' hnd b. imi in. i Hiik lur M'i in! . it ntH I. iiilnit t tin1 tliMir coiiiinlttit- 'if tititlii'ri n t tin iMiiiintinlt I'.'iit.r dit fend in tli it opliit.iiis iih to the l i i ri. t of tin iluini"., it Ik said. r milt Ini: in 'I.' .diet ilonitiif thi i-rUciid ti tuini.itiliit it'll Itlc Vc.f AdJirti.,.,, Business AdJrtU., PWTRREPf1IRS New pistons and vnlves fur nlihed for icd muchinei. Ex pert repnlrmc-n at your service. I'liunr. Will. 1814 nml Miiln 4ll 1 HeigsggR AxAPITALS50a000.00 ( SURPLUS (EARNED) ) II $2,000.000.00 Jl VSbahirtSpfing GardervVy JKHIIA0EUHIAW lonu - established Trubt Company has many ad vantages as an Executor and Trustee because of its i..i'j:kii;ncl ItKiSPONSIIilLUY 1 IXANCIAL JUIJ(JM1:N'T lovrivrors i:xi.sti:nci; and the Northern Trust Company at. your Executor and Trustee guarantees the faithful and impartial car rying out of your wishes. Wise counsel will advise you that a good Trust Company is the one to assume such RESPONSIBILITY t,,rinCle,tr nli? !,oI(Ib for, 0J!fM depositors U. S. of America Liberty par vnluc fs8?2 951 250 FCVQTay hy thom ior safckeeplne, of which the THE HATE 01- INTEREST ron THE YEAH 1821 IS 3 GJ 100 PER CE:. Certificate of Auditors Appointed by the Court J HE 1 M)H.M(..T1, TIIK WEHTKIlX HAVI.Vt. II Ml hOCIElY Of FIIILAUELWIIA ,4J.,.n7l.i1U.H.MI'iJ-l.n? '"'.' .'V'lj' " o.rorilliig to Uw fultlifuUj w to do, oertlir I . ' i.i i ..n,Vd ,Horl,;l 'I' ,,1"'. cl0,e "' i'nm n tho tlilrty flrit tiny of Uereir h r IM ?.',?,. ,r.",j'A".""":: .u.tf .,"r"("1 ."''. "j '' !" tii.jeot t form n. u. i """" ---' "." i"..". iiiiii uie iiiimnie tuii-it or the HocU'l. .h H!!Jnl1i,i1Ttf').nHn, ,1''".l,'. Inrlii.lir.jr l'itr.t. on the first dy of Jimusr, Ini tie ibttlan" sheet. " ""n,t'r ,,a, aai " ln reemnl with i John r iiiNrhU THOMAS ItHK.W VI Jstm.r 15, lO.'l. t-HAIILES J MUM. Auditors sjKlatea j the fcoolstf It Audit Compsny of Hew Yorl til . At " We recommend for investment the following railroad bonds lilt-oii IrahH Micirt iiiu S'orfollt & Wentcrn lllvlPimi.il . lilc.iKo, MilwiitiHue & ht l'.iul (lenoiiil JIorttrllr., ' .ntiul I'.vltlc Iterundlni,'. . IlilnolH Ciitiul roll. Tr iliiltlinoro A, Ohio lwt Mikc. I.oiik Ihltind (lenerul . ... It .t O. l'lltri , I.alto Kilo und Vst Vu ... . . Nl'eiitiHylvHiilti ltitllroad ('.inn 'lilcnpn .t N'ortlivvvHttirn Ocnl ... l.iltllib VnlUw roim V. -v ot It eVnttttl Dob . .. Further information on rtquetl GEO.WKENDRrCKSrd c? CO. J?iihers 1431 walnut trr. ,. Philadelphia. J'rl.e "V irl.I Ii Ull T71j t 4i;rt ILoD Tk V In 194W 744 f i",' 4li 1&62 72 ijO0 4h 1U4S 7U4 . C i IH ll)3S 7C 'c.46 U 1941 oSvJ "3" 4".3n 1900 WH ,'J 3sa 19S7 ii8 5 In 2(103 9U f k" is 1931 7!"i ' V Mc'iiilirrn New VorK and l'hlla dtlplilu block J.tcliaiicri. Tfleplionrm Hell Hprnce Bitv IJrj-.ionf Kiue UJ 1 BabsonInstitute,inC. p 1 Walkdi-UmB2t Boston, Masy. - iloara tm X i 1 ilO -' ifjftft,' r. i lif,.HM' . t.w-(V..-Vill .Cf ?''-' ' JVU- ,iHi..i, f. i 1,,-,-Xtj
Significant historical Pennsylvania newspapers