The Philadelphia Inquirer from Philadelphia, Pennsylvania • Page 20

THK PHILADELPHIA INQUIRER, TUESDAY MORNING, FEBRUARY 23, 1929 20 a SEEK NEW HOTEL wm control tht Forf4 St Wfo, Cmptwi and the Columbia Btet) Coop p)T, of Elyrlt, Ohio. NEWS OF THE BUSINESS WORLD Steel Company Mtrstr -Under the laws of Pennsylvsnla there will pe Incorporated tbe Columbia Steel Company, and it ia reported that It CltlMas Committee Appointed At State In recent years has emphasised the urgent need for a moderate alzed and up-to-date hostelry. Many State organizations srs snxious to hold meetings at the college but present hotel facilities are inadequate' (o meet the requirements. SPECIAL NOTICES College to Aid Project aptcial to re Intptirtr. STATE COLLEGE Feb.

22. Lesdlns residents of State College ANNUAL MEETINGS OTIC it tare ft ttuti the MAKING INNOVATION PONTS REFUTE Tl eaea epMttio rot THE LXHIOH COAL AND NATT0ATI0M CO. borough have accepted survey plana DIVIDEND NOTICES aewat share aha 1 raitaatspQia. reDruary a. 129.

Th annual in1 tier of ttia a took holders of tatd tV igai Com son frbrtiart Ill fMM and fWnr is IN BUSINESS BOARDS for a new community note) ana nopee sre entertained for It a erection in the near future. A thorough investigation of the need for a modern hotel was made by the Hockenbury System. eepectlvflOr MBf nannt nee Urn iz tbt Ihlgb Cl tt Navigation Company will bt held at tb offW of tha conpani, 481 Cbvamitf PMiiflflphta, on tVbrn try S3, HUH. 11 o'clock i. wbo and where an election will held for president nf! board 0 manager to atrr for tb a mini rear.

Copies of tti tnaoar report aat baa at th cofnoaiir'a office on and after February nil jrwafn HAR A CHASE, IH0. FmuJelntiH. rbrusrr II. 12. Tbs Board of tllreituni Save tills dar rjanil svml-annusl dividend of i on tbe Preterm) Slock, snd ttu oenti thara on Its Common Stuck, txith paranle Much 1, to storkbolden of record Kehruarr 187 8.

WILLIS, a. sfllivan ami te A ttorne for the BeiaW id fftttooij Automobile Company Urged to Give Dealers Seats in Rune lft. 1026. 8. D.

WAHRINKB, President. Congestion of Streets Due of tjarrtaburg. ana their recommendation for community financing baa been accepted with the appointment of a committee of fifteen residents. This committee will receive a final report within the next tan days. Increased drawing power of tbe Pennsylvania Bute College for tourists Powder Makers Are Not Interested Iri St.

Lawrence Board of Directors Because of Their Close Reta I FINANCIAL FINANCIAL FINANCIAL to Snow Storms Is Delays Ing Deliveries Hydro-Electric Power tions With Public Which Manufacturers Musi FINANCIAL Strive to Please Produce Ammonia and Nitric Pig Iron Buyers Walt for Market; to Be Clearly Acid In Vav Without Great Water Power By B. C. FORBES Defined TV TEW men, new Mean. Clarence Dillon (a to Introduce Into the run I nlnr of Dodge Brothers an idea which can be and doubtleag will be Jf NO Tl EVER LOST A VI DOLLAR IN fj Svos To lnqittrn ftaraaa. profitably followed by many Let me tell how it all oame about: NEW YORK, Feb.

22. The weather haa plavsd no email part 'In Mr. llijlon very recently attended a targe gathering of Dodge deal Bptdtt rsTtrirsr. WILMINGTON, Del, Tab. 22.

Qf. flelals of tbe duPont Company berg todsy denied ths truth of reports tn a New York newspaper to ths effect that ere, at Detroit. He waa Impressed by their calibre, and, also, by the Importance of the part played by them In maintaining the success of the Blowing up the buying of ateel, Tbe effort haa been both psychological and enterprise. actual. For instance, tba atoel Jobber it was actively interested in tbe -j i The thought occurred to him, Why should this large body of capable men, who are responsible for distributing the Dodge output, not be uiuMun uu maim oi uyuro-eieciricaj power generated from tbe bt.

Law- rFTEN profits stem directly represented on the board of directors? rcnee River. When Dillon ia lure he ia right, he doesn dilly-dally before In a statement made today by of going ficials of the company It was said: RECOGNITION UK Ulsl K1BUTOK9 depends almost entirely on truck deliveries, and thase bsve bean aa alow and uncertain because of the congested Condition of tbe streets that buyers have ordered onlj what la absolute! Secessarj for Immediate consumption. Building baa in many instances been Baited by tbe anon and Us). Laying of pipe underground is yirtuully out of tba question. I'roduftioD of ateel baa Blackened eouiewbtit.

liisot iron out The du Pont Company baa a pure So. he made a very frank talk. Before he entered that meeting he ly passive interest in the development felt ait re, he said, that with E. G. VV'ilmer and President Haynes, together $4,124,000 City of Philadelphia 4V6 Loan Dated March 1, 1926 Interest Payable January 1 and July 1 $2,000,00050 Year 4 Registered and Conpoo Loan Oae March 1, 1976 with the option to the City to redeem at par and accrued interest at the expiration of twenty (20) years from the date of issue of this loan, or at any Interest period thereafter, upon sixty (60) days' notice by public advertisement.

$2,124,00015 Year 4 Registered and Coupon Loan Dos March 1, 1941 Free of All Taxes in Pennsylvania Free from Tax under Income Tax Acta of CongraM Legal Investment for Trust Funds City of Philadelphia Loans enjoy a high investment standing. They are owned largely by savings fund, trust estates and conservative institutions. Negotiable Interim Certificates will be issued If desired, pending engraving of permanent certificates. Loan certificates will be Interchangeable as to form from registered to coupon, or from coupon to registered, and re-exchangeable from one to the other from time to time at option of holder, and coupon form may be registered as to principal. Sealed proposals will be received at Mayor's Office until Wednesday, March 2, 1926, at 12 o'clock noon.

Bids must be on form which may be had on application to Mayor's Office, and must be accompanied by certified check for 5 per cent of par value of the amount of loan bid for. The right is reserved by the undersigned to reject any or all bids, or to award any portion of the loan for which bids shall be received, as they may deem beet for the interests of the City. Full descriptive circular furnished on application to the Mayor's Office. W. FREELAND KENDR1CK, Mayor WILLB.

HADLEY. City Controller JOSEPH P. GAFFNEY, City Solicitor of hydro-electric power along the gt. with nay, Joe and Robert Graham, Dodge had the best group of men It wa possible to assemble, a perfect machine. But since meeting and mingling with and listening to many of the company's 8000 direct deal wwroaco, uurtng me vtoria nar it had a very active- interest in water-power development to be used for the production of nitric acid from the nitrogen of the air by a process re ers, he had become convinced that one more thing should be dona to put ill tbe Pittsburgh district la 80 per' round out the organization "Dealers," declared Mr.

Dillon, "must be represented from their own ranks on the board of directors He announced that he would nrnre the board of directors to elect two certain but ag time pastes they tumble into Here is an investment with its profits guaranteed. Prompt payment of -principal and interest on any Miller Bond will be unconditionally guaranteed for an annual premium of of 1 per cent. Could anything be safer? Write for Booklet 224S. L. MILLER A CO.

rilspboae Ball, Rlttosttenss S39-t-t erstoen-Rsn 8879-88 JI 900-912 Stock Exchange Building, Philadelphia, Pa. dealers as directors with the idea of rotating them, so that, from year to quiring Immense water power. "Baak in 1015 the company had eery definite plans (or the highly profitable utilization of Canadian water power for thia purpose, but at the request of the War Department officials. It abandoned those plana. The government did not want the du Pont Company tb erect a cUot so Important in the pro year, dealers In all parts of the country will have direct representation, cent, of capai'ity, as agsiuet close to 60 per cent, a month ago.

Steel bare have been unusually Arm at 2 centa per pound, Pittsburgh, during tbe pant few months. Buyers of pig Iron are ettll waiting for the market to be more clearly da-fined. No drnatlc reductions in pricea are looked for. but a general comes aion of CU cents to ft per ton would aurprise no one. Buffalo Iron is rather wenk at J-'l.

Irontnakera any they cniinot sell below Dreaeut levels I understand that at the next meeting ot the board, which snail be held soon, two dealers will be named directors. After all, the marketing of a product has become as Important duction of war munitions outside of as the manufacturing of a product. Inleed, Is not getting money harder than paying money out? The distributors, the sales force, are tha men who have to get people to dice into their pockets and band over the borders of our own country, and promises were mede that help would be given In the development of suitable and at the same flute make- prodtti. The sudden ending of tha coal strike water power in the United States. "Such development, however, was not accomplished duriht the war and the money, without which no business enterprise could live.

Surely, therefore. It is entirely fitting that dealer be directly rep. resented, on the boards of our automobile companies, IN CLOSE CONTACT nay atop tbe iron ore operators from imposing a 25 cents per ton advance In ore prices for the 1112(1 season, A rise which had been counted on. witu pig Iron having an easier completion. Then, too, dealer representation really means representation of tha public, for It is to the dealers' interest to fight for tha best possible treat It nay diflicult to put through an advance In ore.

Coke production In tha Connellsville district declined 5780 ment of the public by manufacturers. What tha public want win be what the dealers will want. Automobile dealers come Into closer eon- after ths Armistice, the company became Interested la tbe possibility of development along the Bt. Lawrence River. At tbat time the company interest was active.

However, little waa accomplished. "The du Pont interest In ths St. Lawrence development has become less aince that time because it has virtually abandoned the original nitrogen process which required Immense hydroelectric power and has estsblished a tact with customers than factory executives or financial Interests po. eihlv can. Haw Issim JJcnce, the right type of dealers should prov invaluable additions to tons during tha week ended Sebru ary 18.

COSTS OF COFFEE directorates. Now that the public are becoming lartrer and larger holders of tecuri ties, will not enlightened industrial, railroad, public utility and other lead-era give earnest thought to having small investors mora directly and $15,000,000 plant in west Virginia to produce am. monla and nitric acid by a process which does not require water power. "It now baa no idea of establishing plnnts along the Bt. Lawrence, or of making see for its own purpose of spy electric power which might be devel strongly represented Mv own conviction is that tha time Is coming when employees will have one or more ot their number on the board of their company and that something mora than is now being done will be dona to give the rank and file of Investors the feeling that they.

too. are directly represented. oped there." It may be that we are moving towards the advent of distinctly new Brazil's Jump In Berry's Price Costs Americans type of director, distinctly new, that Is, in America, but not new else where, namely. Duhlic directors. no.

lis German Consolidated Municipal Loan Sjsraian laving Banks and tearing; Aaaodatton (Dautaotiar pariureaaat una) OlrsyswMnel) 7 Sinking Fund Secured Gold Bonds, Series of .1923 doe 1847 $82,000,000 Per Annum Those public directors would be thoroughly trained men, capable of analyzing closely everything going on inside a corporation, iney wouio have to be paid well for their services, and their pay ahonld not come Id view of tha currant controversy ever tba rubber altuatton, It la of In out of the modest pockets of small investors. Tb new Dillon-Dodge step is in tha right direction. (Ouprrlslit. US br a. O.

forbes.i 11 1 terest to note that in tha recent cast SLISO.OOO ol Bands hars Bondt have batn withdrawn for sale slrailtaneoaslr ia Boropa bv Meats, Marvderttotffl A CtJa, Nederlaadacha Handei Maatac.happiJ; Piaraon A Co; R. Maaa and Zaoatan, Rottsrdam, and others. tha value of imported coffee baa far exceeded that of rubber. It la also tha Specifications Call for Equip' ABtstasttasB BUSINESS NEWS IN BRIEF ment for Six Fast Passen nly product Involved in the present in' temiitltmal discumlon which enters dl redly and on a large acuta Into popu lar consumption. 1 ger Locomotives Diesel engines, tha largest type of en SpirfeJ fa Taa fsqatrtr.

gine yet to be built ia this style at HARRISBURU, Fab. 22. With a record for lit) trains cleared in one tbe Bessemer. Company, are being com uleted for J. L.

Livermore. of New AO the motive machinery', eontrels day 'from Enola yards and the Harris' bum-Lucknow lards Working at ca Brazil produces about two-thirds of the world a crop and la thua In a post tion to dominate tbe market, states the Guaranty Trust Company of New Vork. Tba United States is the country most affected by the liraziliun Government's plana for price resolution, sine the York. The engine are for a aea-gding yacht of Mr, Livermore, a New York snd other electrical equipment tor six bugs electric passenger locomotives parity, Pennsylvania Itullroad official here bava bean compelled to add dot- atock broker. JJeuvery win oe maae snd two donblecab swltchfnt loco ens of men to the rolls daily and the motives, hss been awarded by the Penn people of tbia country consume one- at once.

seretal to Tt tnouWtr. Heading will probably one of the sylvania Railroad to the Weatlnghouse Klectrie snd Manufacturing Comnanv. Dalf or all the coffee grown throughout the world. i greatest months In tbe history ol READINQ. Fes.

22. Albert Frank, Kuinertora yania. I'ractiraiiy an oi According to the Department of This eaulnment will be shinned to ths of Sklimack. who haa a clothina fac the furloughed yard men and many men Commerce. "tba large artificial In1 Juniata Khopa of the Pennsylvania Rail tory in ('hi)adelpbla, is negotiating with from -other branches bav been called hack to.

work. The big Junta In vol road Company at Aitoons, where tbe Ilnyertown business men for tne opening of clothing factory In Bovertown. crease" In the price "resulting from tbe ISralizinn valorization acheuie'! cost the American consumer more than $2, nine of freight businewa being handled entire group of eight locomotives are to be built. to employ 150 people. He recently here la In part due to increaxeo tutu The six passenger locomotives with mlnong coal hauling, but tb-; baa closed a branch factory in rjkippack.

ffoectaj fa The tooufrer. Ooo.Oi hi in tbe barn I your ended juue 80, 1029. During that year the average priee of coffee imported into the tiuited States wits cents a pound. LANSFORO. Fsb.

22. Over 200. men from Lansford have been ren or nt? per cent, nigner tbnn tne aver age for the preceding year. Tbe in dered Idle at the Lehmh Coal and Nav been a gain ail along tbe Hue of freight. Iron and steel mills In llarrlshurg and Rteelton have also added inert to then forcea and the resumption of mining in the Lukens Valley haa taken man) men from farming end other- lines Contracta for the erection of dwellings give promise of one of the great est building yeara ever knoWn in the State capital.

One project alone will a continuous rating of 3730 horse power each, will compare aa regards both tractive effort and apeed with the greatest steam locomotives in existence. They will be put la operation on tbe New York Division hauling hesvy passenger trains between the Pennsylvania Terminal in New York City and Manhattan Transfer. These locomotives ars In addition to two others of a simllsr type plscad In service at Manhattan Transfer In 1024. igation Company's new ateel electrical twj-millioti-dollar breskcr here. Some of these employees bsve worked for Crease in the price of llrarilinn coffee during the same period waa nearly 65 per cent.

Id IHU2 the Rraiillan Legislature extended continuous protection to the forty yeara for the company, ana tney consist chiefly ot mechanics, firemen, Dumnmen. repairmen and breaker at Coffee industry by pruviding for the call for 112 dwellings. A new Cath creatlod of an Institute of Permanent tendants. Modern machinery enters into one high school and temple lor also figure in The gear ratio of tbe passenger loco Shrinera will probably motives will Permit a sustained aneed Coder Defense and inaugurating a policy of continuous limitittion of receipts Of coffee at eiuort points. competition with human bands and out-due human effort In varied proportions of from ops machine to two, tbia years contracta.

of 7( milea an hour. The government had tried the policy Ssaetol faa fsawlrar. three, four and five men. Everything la operated electrically. Tbia (a the worst blow ever sustained Industrially DRY GOODS STEADY CUMBERLAND, Feb.

22. Rauid nrogreaa la beiug made In con export restriction aa far back aa lDUtt, and had realised -the need of Warehouses to support It. The plaatera need both facilities for storing the Dated February 1, 19U Due Pabruary 1, 194? Xmerea pavabla Pebraarv I and Angus 1. Principal and brrereet parjabla at tbe ofBetj el HarrU, Fort as a CManjaajt Maw York, or at tha option of the holder at tha office of tha Harria Trust and Saving Baak, Chkafo, la United States gold coin. Not callable except for Sinking Fund prior to February 1, 1931.

Callable for Sinking Fund at 100 and interest bm only on February 1, 1928, or any interest date thereafter. Callable aa whole or in part on sU weaka notice on February 1931, or oa any iaterest data thereaitar throagh Angutt 1, 1935, at 103 and Interest, and thereafter oa any in tar eat data prior to maturity at 100 and interest Cotipon Bondt denotnnation, regiaterable a to principal only. Relchskredlt Qeaellschaft Aktiengeacllschaft, Berlin, Oernuuiy, Trustee, and Harria Trust and Savings Bank, Chicago Co-Trnstaa. Informs Hon regarding the Association, these Bonds, and the aecttritv therefor is giTeti in letter, signed by latesaNL Kleiner and Jurseh, the Pretident and Vice-President, respectively, of the German Savinga Banks and Clearing Aaaocia tion, copies of which will be furnished on request. This information is summarized in part at followt: Tks Consolidated Laaat In the economic reconstruction of Germany the Government has consistently en forced its policy of restricting expenditures by the various states and monicf- pal'jes to the most urgently needed improvements.

Issuance of loans payable in foreign moneys it jnfined with few exceptions to obtaining funds for the construction of or additions to income-producing public works. In addition to the comparatively few German states and cities which have beea permitted to contract external obligations, there are many others which need funds for capital expendi. turet of this nature, but in amounts top small to justify separate issues. Therefore, the Council (or Foreign Loans of the Ministry of Finance of the German Government has authorized the German Sav ings Banks and Gearing Association tr do the present financing and to be reimbursed by talcing tha bonds, payable in dollars, of the communities benefited. .1 TVt Aatedatfoat The German Savings Banks and Clearing Association, through its District Associations, comprises over 3,000 cities, towns and municipal districts.

Including country districts. The Association thus" embraces a population estimated at over 56,000,000, or approximately 90 of tha total population of Germany. StKorityi These tond, in the opinion of counsel, will be the direct obligations of the German Savings Banks and Clearing Association. The municipalities which are members of the District Associations are liable with their entire property and taxing power for the obligations of the District Association to which they belong and the District Associations in turn art liable for the obligations of the Central Association. In.

this manner, these Bonds are in ultimate effect the joint and aeveral obligations of over 3,000 cities, towns and municipal districts which comprise the membership of the District Ataociations, The member municipalities in practically all cases, own their own gaa, water, electrical and other public works. la addition, the Bonda of Series of 1926 due 1947 are to be specifically secured by pledge with the Trustee of an equal principal amount of bqnds of approximately 120 municipalities located throughout Germany which are members of the District Associations. The pledged bonds are to be deposited, from time to time, as the proceeds of this loan are distributed And will correspond in interest rate, sinking fund and maturity to the Bonds of this issue. Interest and sinking fund on the pledged bonds will be payable in dollars and will provide the funds necessary to satisfy the interest and sinking fund requirements of the Bonds of this issue. Para tea ef lataet According to Government authorization the proceeds of this loan must be ased only for the construction or improvement of gas and electric properties, water works, and ether revenue producing public works.

Furthermore, it must be established that there is a public need for the work contemplated and that the income of the properties will be sufficient to provide the interest and amortization requirements of the loan. KsJdaf Fane's The Trust Agreement will provide for progressively Increasing annual sinking fund psy menu commencing November IS, 1927. calculated to retire all Bonds of this issue bt gnaturity. Orders Continue la Small Lets Bat structing the knitting mill addition to the American Cellulose and Chemical Manufacturing Company, An Tetal It Pleasing in the I'auther Creek Valley. It ia an achievement fir tbe coal economy that will spell larger earnlnga.

Tha employees returned on Thursday last anticipation of the long euspension be-Inff over, to be rudelv abocked by the crop and money to defray the eapena: of growing and harvesting It. By the full of the construction cells, iThe plant, with building and Frem- TSe faoMrer aarson. equipment, Will cost more than NEW YORK, Feb. 22. -Reports cf warehouHea in the interior of Sao 000.

Two or three enrloitds of equip announcement that the new breaker Paulo waa practically completed. At the end of lil'-'t the newly organised Bno Paulo Institute of Permanent Cof ment and machinery have arrived, ihe market for the artificial silk and fflb ric produced at the plant, which also firoducee its dyestuffa. Is eaid to be at greater than the present output. from ths wholesale dry goods trsde at the week-end showed thst a large number of smsll orders are coming for ward In most whcleiale centres, making a fair total for the season. In many quarters the February trade thua far fee Defense took over the government regulatory warehouse and waa veated With entire control of tbe machinery lor coffee defense in Sno Paulo.

BptrUtt 'fa fa nqufrrr. bat not bean ao good as In January, relatively apeaking. Ytt the activity has beea broad and bas Included very GROVE CITY, Feb. 22. The Ruiney Brothers Tool Company re had displaced them In employment.

Le-higliton waa also given a severe set-bsck recently by the Lehigh Valley Kailroad Installing big englnea, cutting the force In half. The dismissal by the New Jersey Central Kailroad at the Maucb Chunk auditing office of seventeen men, waa also due to the installation of modern machinery. BfteW to rks tmoutror. HAZLETON, Feb. 52 With the anthracite Coal strike ended, a big building boom la expected here the coming apring and summer.

While the strike waa on. operations wire practi The ground on which the "defense" of coffee hna been criticised la that the Institute ia veated with tbe right, which it haa so far exercised to a moderate porta an exceptional year in 1023 in sicsoie portions ot oomestie and wash fabrics. of business, which Is the mak-ng of a special brand of ateel hardened extent, of entering the market and pur Printed goods In silk and cottons tools. It Is stated, although a cut ol chatting coffee at Its discretion. The avowed purpose of this regulation 1a the are having a large tale and are running ahead of woven and dyed lines.

almost HO per cent, waa rosde In the price or goons during tne year, tnnl the twelve months show an Increase Hut there has been considerable gam la the Bast two weeks In the call for silk crepes. In pieoa-dyed eottont suitable for blousas or smocks and In other of close to $10,000 for the BpoHat to re Inqutrtr. cally at atandstill. maintenance of a price that will guarantee a "fair" return to the plantera The ascertainment of a "fair'' return, however, to the producer ia difficult enough In any industry and la particularly difficult In agriculture. The government control, however, will have to be exercised with ex directions.

Rayon mixturea in silk snd cotton continue in steady demand. LEHIQHTON. Feb. SS The Lt. SserUf fe Tkt lqmirof.

HAZLETON, Feb. 22. Ths Dick Construction Co. haa received a con There have bean aome eaaea of easing hli Textile Co. management announces that It has more orders on hanc than can he rilled In a long time.

A number of additional machines are treme vigilance and discretion if It ia prices in silks snd cottons where converters or cutters bare been pressing aales. ar where smsll factors bsve be tract for an extensive anthracite strip- fm.i operation at the l'iue Knot Collar, ot the Philadelphia and Heading Coal and Iron in the Miners ville come onesay about tbe movement of being installed, Bprttoilo rf tnttnirtr. district Equipment has been sent there and work will soon be started. GROVE CITV, Fsb. 22.

Twa 800 their, specie lines. Burlap markets were considerably unsettled during tbe week, but closed stesdy oa reports of a firmer market is Calcutta. THIS IS N0TICE DAY not to of tne world lorcea of aupplv and demand. Hi nail la a country rich in economic resourcee. It la to be hoped that the future development of the country will render It less dependent en the fortunes of one Industry.

costs of "Sins shrink in the state Ooenlnsa of worsted fancies In men Cotton Operators Expect Few March wear have occurred in tbe offices of the American Woolen Company and other openings will follow along ia the next two or three weeks. Dress goods manufacturers are abandoning ideas Notices to Be Served NEW YOUR, Keb. 22. Sustaining Information contained herein baa, hi targe part, beea transmitted by cable and tbe contents of this advertisement sre subject to cable 'errors. factora In tbe cotton market dur of holding former openings, due to the disorganised section in the iaasaic Now Hss Fleet of Six Tasks Cities Service Transportation Com Prlcsj 9434 and Interest.

Yielding 7y2 Decline iri January Attributed to Smaller Structures and Lower Prices pany has purchased from the Atlantic Bonds are offered for deBvery when, as and If Issued tnd received by at and subject to the approval of aw eotmtel It expected that interim receipts of Harris Trust and Savings Bank will ba available far delivery oa a about March 22, 1924, Harris. Forbes Company Guaranty Company of New York HIDES STILL DULL Dealers Are Cautious In Their Hone Hide Operations From Tko tntjvtim SarMft. NEW YORK. Fab. 22.

Demand for horse bldea la more restricted and dealers are very cautious in their operations. The country bide market is quiet and the undertone bss Improved of late. The Improvement in demand for packer native rows bss bettered Iocs sentiment. City packer hides are dull and unchanged. Inquiries sre small.

New York City calf akins are quiet and weak, for fl-7a the asking price Is while 7-fla are quoted at $1.2.1, and 9-12a at $3 to $3.05. Deer skins are In steady demand at firm prices. Pheep akina are a trifle easier and business ia sluggish. The movement in pickled sheep skins is lighter and prices are Wesk, Coppsr Hangs In Balance evvst flu favairsr Svreoa. NEW YORK, Feb.

22. The tone of the copper market waa slightly improved st the end of last week tlKiiiah no tangible basis was found for tbe better sentiment The better feeling waa possibly doe to the fact that consumers who shopped around found tbat there waa no great amount of copper available at 14 14c They discovered thst most of the producers are adhering closely to 14 S-8c per posnd. There but very littU pressure to sell. The demand for copper abroad is very quiet. Prices of atandard copper rose slightly at Loadon, electrolytic being unchanged, ing the paet week were the firmness of the near-month aittiatinn owlne to further shipments out' of the local certificated stock snd some further trade or investment buying of new crop months on the dips.

If anything, local brokers found bearish sentiment rather more general during the earlier part of the week and there waa scattering liquidation of March contracta which reduced their premium over May from about 08 to SO point and sent the price off to a shade below the 20-cent level. This was followed by renewed covering, however, and the difference widened out to about 57 points toward the end of the week while the price rallied well above the 20-cent level There were rumors today that aotne cotton was coming to New York for delivery before the end of next month but np to the present time, very little cotton haa arrived while ehipments out of the atock have reduced tha certificated supply to about 1X.000 halts. With tomorrow the Erst March notice dny. it would seem that verv few notieee are to he expected, but the interest supposed to hold most of the long contracts for Mnrch HpHr.r. hum uuii w.

icn Aiiuivs rii-aiiipuif umn the tanker Agwises. The ahlp will be renamed, repainted with tbe company's colors, and pnt Into service aa the eixtb In the Cltiea Service line of oil tankers. The Agwisea Is 4B5 fact long, baa a tonnage of 12.R23 deadweight tons, with a maximum cargo capacity of 100.000 barrels. It waa built, by tha Bethlehem Shipbuilding Corporation in 1020. "Largs French Commerce Owing to tbe fluctuations ot the franc, French commerce may be better compared in tone than In values.

January Imports were 8.rl20,OOO tone, e. raps red with 18,000 In Jannsrv, lft2r, and 8. 287,000 in 1013. Exports -7ere 2.271,000 tons, sgsinat 2,277,000 January, 1029, and 1,808,000 In the same month of 1013. Nsw Tariff Bursal Forme Wilbur F.

Wakeman. for thirty-five HARRISBI'RO. Feb. 22 (A. Estimated value of building par tnita Issued In eighteen Pennavlvania cities In Janarv totaled 61 .20 enmparert with in January official reports the lenartment of Labor and Industry, made publii today, disclosed.

The number of Mild ings. to be constructed, repaired oe altered covered by the permits was J7ji7 or more than in January. The Increase tn the number of build trigs affected by the pennita ia nttrib tiled in the reports to the Increase in tb construction of small sized 'build togs and to a decline of 4 7 per cent tn the wholesale pricea of twenty-three com modules used la building conat ruction. tte eltlea. Bethlehem.

Erie rliiladelphin and Heading, reported in- cresses over January, 11125. Rethlehem leaning the. group niih an increase of JIM pe, The reminder 0f the cities showed decreases. E.H. Rollins Sons The Equitable Trust Company of New York years the mainspring of the American Protective Tariff league, bas formed Wskemaa's Tariff Bureau, with head-quarters at 111 East Twenty-fourth New urrn ireo sellers at 00 to OS po.