Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-12-16
GOSSIP OF
THE STREET

s,.maig, v, .no sen'ieiheh o. 'ne .,.i, III
ii"i nisitn,i ..,,.y eony "no nasa tnain.,
ba.. eou,am .,,, ,., uanHs h 'ares
nn,,,," oeen sryhas hns mmp,esseu oy ."e a,n,ei
fon,;i'. " apse"tveS T h"Yns .ne o.a
t;nns' oi Son'e vi INC 'arse' in''''"
Sn.oL,, 80, AIT. u,,,,,. .,h.,,o,o
nm na;niai 30 80 20 H.. inaa.p ~. ,ta,,,,,
institntions Yesterday @ Wv statad n had been
nacessorv a. Li,, ,,,aL. T hnrr;ed
trin Go ~, ynni, ~ g. 'anu Ia ra,
In touch ,,';.h th. 'ass ,,i,,a mgun ataT 80,
ono % ,ha inrnn ha,Ls .ha 4, NJ,
street d;strjot s' '""A' :" '"' ""''
HN,nh tn 49,, oou,. ~ T.. so,j
"I fonnd tbot most tho nnt;ro one,,,tivc
staff. which Ia no small one by nny
means. were mot in. "a chief messenger
put It. Just ABOUT the time was ready
10 throw up the sponge. discovered
one Of the officers, of whom had made
inquiry, busily engaged at his desk.
Turning to the messenger, I said: I
He IL not Sir, he replied. But l just
saw him In his Office I came bnck with
some show OF anger. YES sir, but they
are holding funeral services, he replied
"In n short time quickly discovered
that almost the entire official family Of
the institution were engaged in similar
services, with the same condition pre-.
vailing among many of the other larger
institutions. The funeral services
meant that conferences were being held
to provide ways and means to help some
good customers to weather the financial
storms and wholesale cancellations.
Since my errand was pretty much on
the same lines. It was not long before. l
became an active participant III tne
funeral services
In Philadelphia. bankers generally re-
Ter to these semi embarrassed mercan-
tile and business interests as lame
ducks. or hospital patients. Ihese are
worrying and nerve eating days for the
average banker.
Fighting Cancellation Evil
"The most powerful trade organiza- :
tions are striving to combat the can
sore snot In Tho business situation since
the hardships of falling market i'm
PEELED certain buyers TO repudiate their
president of the First National Bank.
in the current issue of the business and
financial outlook, published by that in
stitution. Continuing, Mr. Law states
i.this must not be tolerated, The man
who will keen his word only when
prices are rising and business profit
able IL unworthy of credit. 1t Is of
tho utmost Importance that these
abuses be vigorously dealt with. other
wise there Will develop a yellow streak
in business nracticc which will imperil
tho val;d;tv of contracts generally and
yrn-t ;rranoroh,o ;n;,,rr to thn nation
M ,,,rnhaann ..o nor,nod;tr
ahrood u,hn tr;os 70 'u aat nj. ha nj n
a.r.." ,.t w n.,,. ~. ia,. ~.
leiuse paS ieI. on an ttitssaG;e L; 49,. n.
,nss Lrean e yds thn ;ohh.. .he rasa;isr . Who
ioss anu ,he Jopper or re'a wv
letuIns tuI soous otuereu neenS aSo VIZ ,n
h pr,uIs VIZ hasne, annds uuu 'eeN ton ,aSs d "
Purchase 'he saiht BooI' LUZ e'", uS
serves 70 De Diacklstea py any trace
organization which Vaiues tue squsre
deal at its real worth: Any other
standard OF business ethics would I'M
peril our whole credit structure.
H.. ,,,-. D;,,s.,
Ek. ."h'us D''uehu
The board boys in the large commis-
sion houses. many of whom are quite
FAMOUS Tor the orisihal nom ae piInics
aney invent ior .ne th s.och ;; tupe stooi,s aOD
on "a s. ant;rnI,, 80, o.ao
INV: uaye Jus' Jug up Ill '"''i''' "'" e'e"
''y. ~. l., oo,,od GOV .m;nu. d;v;dend - and
,nnI;ns 60 tho stocko of tbo.e unsortu.
nate corporations which have found it
nccessarr either to defer reduce or sns.
mend dividend payments on the various
securities listed on the big exchange.
Yesterday when the announcement of
the passing of the quarterly dividend on
Willys Overland and the suspension Of
dividends on Keystone Tire were made
the succeeding quotation was imme-
diately called out by one of these snappy
little fellows as selling cx minus diyi-
dend. 1t took some niue time LOT .he
crowd to catch on. put there was con
sicerao'c merrlmenti whicn at tne sane
time TOOK some OF tne sum- & 2It 9t ane