12
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Two of Today's Paper
MYSTIC! STARTLING! ENTRANCING!
a
*
Almost worshipped and highly honored by the savages among whom she has
been cast, and ably protected by the sacred amulet which has been bestowed upon
her by the grateful chief for saving the life of his dusky child,
"LUCILLE LOVE, the Girl of Mystery"
Mounts the sacred elephant and is proclaimed all powerful
But An Unpleasant Surprise Awaits Her
To find out all about it, read the next installment of this marvelous, this grip
ping, this really stupendous story, " LUCILLE LOVE, the Girl of Mystery," now
being published exclusively in this newspaper and being shown In the moving
picture houses supplied by the Universal Film Mfg. Co.
WEDNESDAY EVENING QSJUUSBURG TELEGRAPH APRIL 22, 1914.
SET OF IWB
1000 GINS SHV
Greatest Discrepancy Since Assum
ing Duties Discovered by
Inspector Boyer
j " A".
Boyer to show the
greatest single discrepancy in weight
that has been discovered since he as
sumed his duties.
On the whole set of weights the
total discrepancy was 1,141 grains;
the total allowable error regulated by
the bureau of standards is 115.6
grains.
The difference was so startling that
Mr. Boyer brought the whole set along
into his offices and put in a larger
part of the day testing. The store
-1 keeper, he said, evidently was en
j tirely ignorant of the "shortness" of
his scales as he had been making
I some of his purchases of stock over
j the same machine,
j The bureau of standards makes the
; following allowances for errors: Pour
and two-pound, sixteenth of an ounce
jor 27.6 grains; pound and eight-ounce,
;a thirty-second of an ounce or 13.7
I grains, and a sixty-fourth of an ounce
lor 6.8 grains or a total of 115.6
I grains for the lesser weights. And
| here are the discrepancies discovered
; by Mr. Boyer in the weights in ques
| tlon:
j Four-pound. 288 grains; two-pound,
1 245 grains; single pound, 145; single
'pound, 277; eight-ounce. 150; four
i ounce, 20; four-ounce, 8; and one
' ounce, eight grains, a total of 1,141
grains.
I Wants $25,000 Heart Balm.—Claim
! ing that he had wooed and won her,
announced the engagement at a party,
gave her a diamond ring, published
a story of the coming wedding in the
i social columns of the Telegraph—and
| then deliberately threw her over, Es
! ther Fishman yesterday afternoon
j filed suit for 125,000 damages against
| Michael Capin, for breach of prom
ise. The plaintiff is a pretty Philadel
phia girl.
Discharge Prom Bankruptcy. —May
20 has been fixed for a hearing in
the case of Charles A. Klrby, this city,
a bankrupt, on a petition to discharge
him of his indebtedness.
Will Use 14,770 Feet of Water Pipp.
! —Water pipe of- sixteen, twelve,
- eight and six-inch sizes, aggregating
i 14,770 feet, will be bought by Com
missioner of Public Safety Bowman
I May 4 and bids will be opened that day
lat 3 o'clock. These pipe will be used
lin the proposed changes of main in
I Front and Market streets.
THE REASON WHY!
"tJVE GOT A iHIEFf" THE COPPFI* THOUGHT,
11b(JT IT S JUST A COUPLE,
(S'ETIiMG t?EAt>Y ELOPE
MAJOR GENERAL O'RYAN
S\
— =#s=*•
Commanding the New York National
Guard. 20,000 of whose troops are
ready and waiting to he ordered to the
front.
ITAMjE ANNEXATION MOTION
\T RIVERSIDE MEETING
Kollowing a discussion of the an
nexation question last night at River
side, a motion in favor of the ques-
Passing Impressions of Finance
By H. L. Bennet
By H. L. BENXKT
One of the surest guides to the fu
ture experience furnishes is that sub
stantial and permanent improvement In
securities and commerce begins in
broad demand for high-grade bonds. A
comparatively heavy absorption of in
vestments Is In progress, a movement
that at present finds no reflection In the
market for shares, but is practlcally
conflned to the best grades of bonds.
And It is highly probable that this will
prove to be the key of the situation.
Similar conditions following a period
of depression has so often meant the
start of better things that the very
sucessful sales of New York City and
New York Central Railroad bonds last
week are valuable reassurance. With
the declines In stock prices and the
continued losses In railroad earnings,
among other unsettling factors, it was
most timely.
kast January New York State sold
$51,000,000 of -Hi per cent, bonds, and
the sale was regarded as a test of the
situation. They brought around 107
on terms that netted the investor about
4.2 per cent. Just how successful this
was considered may be judged from the
fact that when the City marketed a
large block of 4H per cent, bonds last
May they brought a bare fraction over
par, so that the yield basis was prac
tically 4.49 per cent. That sale of last
January served notice upon a discour
aged bond market that capital had ac
cumulated during the preceding months
of Inactivity and was willing to accept
inducements. A sudden revival in the
bond market followed, and although it
has subsided somewhat there has been
a large and constant though discrimi
nating demand since. I>ast week's sale
was on a 4.18 per cent, basis, a slight
ly higher relative price than that of
January. The New York Central of
fering of $25,000,000 4% per cent, bonds
was considerably over subscribed on
terms netting investors 4.70 per cent.
The price Is not considered especially
high, but the good demand reinforces
the favorable impression of the City
sale.
Study of the security markets deals
largel- with psychology. Following a
period of severe losses capital is timid.
Frequently the losses have been due to
111-considered investment, and result In
complete unsettling of confidence. In
vestment and personal expenditures
throughout the community diminish;
people save up. When they resume In
vestment it is with a chastened spirit
and security of principal is the first
consideration. They seek bonds of the
best grades. The money goes into con
structive enterprise and provides em
ployment for labor and work for the
mills. This Is a rough outline of a pro
cess that has been repeated many times
in many countries. Attending circum
stances differ, but this Is accepted as
the usual form of recuperation and the
mental Influences that inspire it. No
wild flight of imagination is needed to
fit 1913 and 1914 to a proper place in
such a cycle.
Obviously, we have not reached th«
stage where expanding business creates
new profits, re-establishes a normal de
gree of confidence, and conservatism
ceac-s to lean backwards. As these con
ditions arrive, buyers naturally turn to
a wider range of investment, and prices
respond. If the bond market Is an ac
curate forecast it points the way to
profitable investment in junior bonds
and preferred stocks which are low in
price and should be purchased in ad
vance of popular demand.
There is no more mercurial com
munity than Wall Street, and Its dis
ciples adhere to the fashion in lnvest-
—By Heath
tion was tabled for the present.
The annexation question will be
brought up in May in all probability.
Creatore adn Sousa
Are Coming to Paxtang
Announcement was made this morn
ing by officials of the Harrlsburg Rail
ways Company that Sousa's and Crea
tore's bands will play at Paxtang Park
this summer on August 14 and June
14, respectively.
' Saturday, May 23, the Steelton
Band will probably give a concert at
the park, it was further stated.
Your Small Standing Accounts
Start the Spring season by paying all your small bills contracted during the win
ter months. We can help you by advancing you money in any amount from
$5.00 TO $50.00
ON YOUR PLAIN NOTE
EMPLOYEES DISCOUNT GO.
LICENSED .... BONDED
ROOM 2 36 N. THIRD ST. SECURITY TRUST BLDQ.
ments as do the modistes of Fifth ave
nue to the latest gowns. The llrst half
of 1912 and several years prior thereto
are often referred to as the days of the
7 per cent, preferred stock, conveying
the Idea that this particular and often
excellent form of Investment is obso
lete. A greut deal of financing was
done through this medium, and the fact
that some industrial corporations that
utilized It fetched up in the breakers
has nothing to do with the form of se
curity. Many sound preferred Issues
bearing 7 per cent., 6 per cent., and
other rates, declined In common with
the whole market last year, and have
as yet made but Inadequate recovery.
Such opportunities ase they now pre
sent will repay handsomely those In
vestors who anticipate the time when
a broadening market and low money
rate re-establishes normal prices.
There are many such issues among
public utilities, a class of company that
continued uninterruptedly Its Increase
In earning power lust year. A very In
teresting complication of earnings for
1313 by different classes of companies
shows a gain by railroads In gross of
4.7 per cent., but a net decrease of
per cent. A selected list of represen
tative industrials Bhows a gain In gross
of 8.4 per cent., but a decrease of a hall
per cent, in net. The public utility
companies, however, increased receipts
8.4 per cent, and net earnings 8 per
cent. Railroads certainly, and indus
trials as a class, have not yet turned
the corner, but public utility reports as
they are published from month to
month continue to show gains.
The cuts In crude oil prices that are
associated with the slump In the Stan
dard OH group of stocks are an en
tirely natural reaction from a long and
extensive series of advances. Statistics
show the position of the market for
oil and oil products Is strong, and a
long or permanent decline is improb
able. It Is estimated that for one rep
resentatives company the recent cuts
averaged from 8 to 10 per cent. It
seems natural that reduced prices for
crude oil should benefit refining com
panies, but their stocks have shared the
decline with those of producing and
pipeline companies impartially. The
| fact is that the oil group, as a whole,
like the market for the crude product,
was entitled to a setback, and, like it
• again, has had one. At this writing
I the stocks are erratic rather than weak.
With the demand for stocks next to
nil. the Stock Exchange market has
been vulnerable to any selling; pres
sure. Many people are discouraged by
the cdntinued refusal of prices to im
prove, but in the present situation the
bond market should give a better idea
of the future than stocks. Their turn
wil come later. Incidentally, hank
clearings lust week were 7 per cent,
larger than for the corresponding week
of 1913, weather conditions in the agri
cultural sections continue favorable,
and the money market gives constant
assurance of permanent ease. Stocks
of merchandise In almost every line are
low, which Is one of the best possible
safeguards of the situation.
If worst comes to worst in Mexico,
nnd we are obliged to invade, I do not
anticipate serious effects for Ameriran
business and securities. Production
and distribution would be stimulated,
and our politicians would have some
thing else to ocupy them than bully
ragging the railroads and manufac
turers. I think a war would draw our
people together and erase their differ
ences with a common cause, though
some pessimists think not. One thing
does seem certain, and that is once we
set foot in Mexico a stable Government
there will be assured, and securities
based on Mexican properties become
very much more valuable.
No life can be pure in its purpose
and strong in its strife
And all life not be purer and
stronger thereby.
STANDARD
Invrntment* Q We iiuy
In Standard W Blld Bell
Oil Stock* I ,
will yield | <h «'" e "tocka
up to 1-Mi a • at clout
per cent. I markets.
CARL H. PFORZHEIMERI
25 Brood Street. New York
MONEY FOR SALARIED PEOPLE
and others upon their own namea.
Cheap rates, easy payments, contidau
tlal.
Adauta A Co. R. 804. H N. Market S«.
Beautiful Suburban Home For Sale
At Duncannon
,/V • : ■-> ' - •• r ■ •' 1 \
Handsome home within 5 minutes' walk of station, in best
part of borough, frame residence, twelve rooms, y 2 acre of
ground, beautiful trees and shrubbery. Immediate possession.
PRICE, $3,500
R. JONES RIFE, Durtcannon, Pa.
NOTICF
1 ■^== Sv le
To accommodate the work
ing people who cannot get to
our office during our daily
office hours, from 8 a. m. to
6 p. m., beginning April 1, our
office will be open every
Wednesday and Saturday
evenings until 9 o'clock.
Business may then be trans
acted daily 8 a. m. to 6 p. m.,
Wednesdays and Saturdays,
8 a. m. to 9 p. m.
CO-OPERATIVE
LOAM & INVESTMENT CO.
204 Chestnut Street
f ~~ |
Do You Desire
, A Good Income?
! Regular Dividends?
; Security of Investment?
Raj 6% Cumulative Preferred Stock
of the
' American Public Utilities Co.
i Kelsey, Brewer & Co.,
1 . Banker! Engineer*. Opemtnra
' Grand Rapid*. Michigan
I
$lO LOANS >
AND
UPWARDS
We want no advantages, care
very little about security, prom
ise satisfaction and guarantee a
square deal. Ask us what you
want to know. Convince us of
your ability and honest inten
tion to live up to your agree
ment and we will satisfy you
that you will be given a square
deal under all conditions.
LEGAL HATES
EQUITABLE
INVESTMENT COMPANY
9 N< MARKET SQUARE
Room 2l' 4th Floor
I MONEY
AT LESS
THAN LEGAL RATES
We have recently put Into
effect very liberal reductions In
the rates of all loans, which are
positively the lowest In the city.
We Invite honest working peo
ple without bank credit to do
business here at rales lower
than prescribed by the law of
j 191 S.
First and second mortgages a
specialty.
Pennsylvania Investment
Company—
-132 WALNUT STREET
| Office Hours—B.3o A. M. to
5.30 P. :.i.
Saturdays, 8.30 A. M. to
8.30 I'. M.