MM6PUBLI6J LUS TI RAILS Ijlsrthern Reports Sain passenaer Revenue 1 jneb. 12.-Has the tide ; l^n totur in passenger traffie backi ,j# eS? It is ,interesting that ; 1516 1®ilroad publicists -are tât-ine, m passenger revenues as : ec]lllC nSPo rt8i'ion arts révolution, Gréât. a grain of passenger i for 1925 over 1924-a little, i ^ ^in amount ing to nearly ; i loss from 1923 to ; ^ turn is significant. This t a Sund&y in Hoosierdom. ^ ^took to interurbans like aj tuv. Then came th e tes. I 15 wïld about the bus Unes, ; f11 jju-ough the state for a tlinc ^ '""rtmt the eîectrics were surely vni;—somewhere. But this ! * \ave been -a hard ' winter on! ¡Od'stance l town to town busses. lin es are in recelverthe rccei'vers say that the ^re ;vas too low. Of course, ; ^^'ew is' not ail emtoracing—! tr: i, seasonal desertion to the ! yhen the air gets ïrosty. fr isteresting- tra.fftc chan,-e ! ^ the of-f ing-. One of the ; ® of rail rend reports for soffie ^ bas been • thé lyett.,er sto-wing j ^^■çrestern roads than the ; ê -ïprr.. Both have to meet Pa- . ^pétition on transcontinentalbut the southwestern lines have ; jheavily by the growing trade P 4 fruits and vege tables from Cajjst traffic , in réfrigéra ted ; Ojjilforiûa g-rapes for ea&t'ern : ters hâve bulked large in this • r eaiBiDg for spécial, terminal Fjjjts in the . New. York areg, 1#^ lijfî'anama ship lines are reach- ; îot this business, heretofore ' L saie for the rail Unes. In 1921 ; toDs of cold storage products and 1 jjjs of fresh fruits weré ship- | lm the wost coast of the United ; : 10 eastern ports. ; je fiscal year ended June 30, 19z), j sffichad grown to 11,761 tons of forage prod'ucts and 24,863 tons :]ifruits, a gain of 250 per cent.; ; of this trade in fresh fruits is ; àflHi the northwestern lines. ; g the appte -season one ship line j sthroagh refrigerator ships from : îound, Portland, and San Fran.. British ports. ris of the bureau «f mines for ■ . jeived to date indicate that métal -! ias been pjcking up in many I -copper production was heavy. ; ment of northwestern oil fields experiments -being made in the earbonized Dakota lignite ail; 5 hopes of more diversified trafthe northwestern roads. They ; ling freight today at a less a,(I- i iver pre-war rates than any ads. They have their troubles —bnt there is no doubt that afes are in store. Their country I to grow up to them some time, : !' are sure winners on the long ■; Il, ' HARPER LEECH. brt Of The Reichsbank louis Circulation Lower u'IN. Feb. 12.-The current ■! statement of the Reichsbank i s a falling of in the a-moutit of I in activa circulation amo-uTitm.g' ; 06,000 marks. brin gin g- the-iotaJ : 10 2,563,103,000 mark,% against ; S63,000 marks for the week preending January 30. Advances Weaker, having declmed 5,767,'rks on the week. The total of ces ncw stands at 5,118.000 i sBank's stock of go1d /a.nd butspanded further by 622,000 ; ■ Silver and other coin is also '536,000 marks on the week. of exchajtige and cbeeks are ûaily maturing obligations itiened during the week and now ■ 1 at 765,307,000 marks, comparerl week's figures of 578,724.- : lllar\¡¡¡, 'l'~l items follow; ASSETS i , Reicîisrnarlcs F-eb, « .... 1,398,598,000 gw for week 000 : ^TOrency reserve .... 418,5®,000 5» for week 906.000 and checks 1,411,337,000 r® for week 53,040,000 and OTTER coin 82,889,000 4 to* week 2,'638;<IDO .• oiner German banks 21,288,000 • ^ for week . j.9,&M.OM 5,118,000 c„fot week 5,767,000 SlS# ;z33,761,()()() w%k 165,<KX) î79,* 8,000 : * 1(>r week . 17^32^000 : M LIABILITIFS ^circulation 2,563,103,000 «Ses inl 85,706,000 ^«Ufidaily 765,307,000 iiafcmLWeel£ .196,583,000 [«ieS 570^62,000 .......... 26,801,000 i " Currency Return -- Ha ^ ! e^- 12.-The statement , !ciian?V ended February 10 shows m.. in currency note pot contraction took place ^ With to pounds, com- I of an increase for the pre1,100,559 Pounds. This W ^ currency note and ^£,047 snoCUlati°'ri outstanding toqgQ ' . I>oun<ls on the week. A «rfr. j t'me total outïatlo 281'661>599 pounds. III an^ of England notes ^ as n Currency note rédemption ^lu~ - r^fve against the total ' ^ cent PCr cent higher at v PARIS BOURSE DE COMMERCE. J We Jr sm ok e d sheet rubller ^ 43 (sella Feb. 43 (gellers), V'1*» L 409- ' May :r8.50 to 41, Sr closen ' Nov. 38.25 to 39.50. L ^ 2--' OfficiaI spot 256 to ^w',258Ïo2S^').Mar0h 257 HAVRE MARKETS. Vfv 12.-Cotton opened S r- March 678, k S Dfce 6 r ' AUg. f,76, Oct. 655, l G5G, Jan. 655. l'^fiû w Feb. 706. March 692, N°V- Siîïo Dec: 65:1 Aug 65^5. Cet; ' 6c< 605.75. Jan. 602. , EXCHANGE RATES Febï'Ua^.* 12, 1926. The exc-liange rnarket opened -çakn this morning, with the d&i&r at 27.09 and the Pound at 131.7S. I.ocal sales were thrown upon the market by opérât ors, as well as by certain banks, but all offerings were readlly absorbed without rend.eriag' any appréciable effect upom the market. Movements were more irregular as the session advaxMïed, though the ïiows eomiag from the Chamber on the split -of the rixdi cal-socialists from the so«ialist group was -h-àrdly telL in the market. The dollar close*! the day ,at 27.16 and the pound at 131.90, .a few centimes lower than the closing yesterday. , Prineapal variations follow, with officiai dojsrng figures iii - black faced type: PARIS EXCHANGES MM HÎOO ijOO '2 :45 5:45 27.0M "2734 ■ 27.16 D'.18 27.18 131.78 '1S2A7 132/J5 131.» 1.^.1S LONDON EXCHANCES Pr-ey. -9-S& ÎS-AS 4sQ9 '5:-i:'2 imm mis m-ss i3i.^ss ma» 4-86" ,,j,86,'34 4SGYI 4.0934 1 4-«©37 PARIS TERM EXCHANCES Bâsiû. Imo. m». -2 mc. :3 M'a. London ... 132. 100.'00 1æ40 ill",?,W New York . 27.16 27 .S1 37.987» 27.325 Officiai closiaag quoia.tio.ns in Paris of principal foreign exehanges today. and on the jpreyiEms market day, in terms of francs were ;jas fonvws: ., Fri. Thur. .New York ..,. ' 21.16 ;27.14 , London ,..,131.90 131.78 G-ermany ..,..... 6.45 6.4475 Holiand ..... 10.S7 10.87 Italy '.. H' .....,... 1.0965 1.0935 -S pain ............ 3.82 3;8215 Switzerland 5.23 5 2375 Sw-eden n........ 7.2-650 7.2575 Norway 5.545 5.545 i Belgium ' 1.2;329 - 1.2340 Prague ...........8070 ,.80g0 ; Poland 3.72 S.71 Rumauia. (100 1.) . 11.65 11.65 Vienna (100,000) , — — : L.ONIXON, Feb. 12.—The followlng : were the officiai exchange rates here i today, foréign eurre-ncles being quoted I against the pound : 1 1. Par of Ex. Fri. New York 4.8665 '4.8634 1 Canada • 11:8665 ; 4.8750 : Paris 25.225 1 131.825 ; Spain 25.225 34,525 Switzerland....... 25.225 25.255- ; Holiand .12.107 ,12.135 Belgium ... 25.225 306.975 Italy 25.225 120.575 ' Sweden 18.159 18.155 ' Norway 18.159 23.575 s Berlin 20.43 20.415 Poland ... 25.225 36.0e AUfStI"ia 34.5S5 34.545 Prague ........... 24.02 164.18 S Rio (M. in p.) 12.50 7.3125 1 B. Aires <P. in p.) 14.25 46.ÔG i Valparaiso ........ 13.33 39.50 | Bank Of France Statement Shows Circulation Lower The current weekly statement of tho i Bank of Franco, shows a decrease in ] notes in actual circulation amounting j to 581,4T4.M5 francs. The sta-tement j for the previous week showed an in- j crease of 852,994,450 francs in the J note circulation., The position of the ] bank as . a whole is not so good a§ j last week, though considerably better ! than was anticipated by the local commerce. y State loans fell off 450,000,000 francs, agaînst last week's inerease a£ 900,000.000 francs, wfaile market loans . augmentoo to 2,550,172,933 francs, a.g'am.st last week's figures of 2,487,238,090 francs. Discounts are down \ by 1,239,477,352 frases. Last week s s&owed an inerease in discounts of j 961;897,693 francs. "\j The state sinking fund increased further 36,276,793 francs and now ; stands at 702,857,204 francs. The ratio of gold and silver to note ; circulation has inereased .08 per cent,'! on the week 'at 11.49 per cent. Principal items follow: ASSETS ■GoM holdings, FÇB. il .. .Frs. S,548,184,456 Inerease for week .......... ' 7,(fâ0 Silver holdings 324,762,702 Incooase for week 35,472 Discounts for the week ,,"H 3,119,003,468 . DecreaseJor week 1,-239,477,352 ; State loàtfs ;M,65'D,OOO;OOO Decrease for week .. """'# ' 450,000,000 j Market loam 2,5SO,'t72,933 ' inerease for week 62,934,843 Divers .3,487,144,36-1 lB'ej<ea.se for wwk 3015,176,318 lilABILITTES Note circulation Si,089,458,130 : ^Decreaselor week .. -"'U" 381,474,1C5 State sinking tund .., - 702,857,^ Incr&a.se for week 36,276,793 : Divers 1,125,463,136 Decrease for week .......... - 672,088,112! Bank Of England Statement Shows Position Improved LONDON, Feb 12.—-An improvement in the position of the Bank of England is shown in the eurrent weekly statement, giving the reserve an inerease of 905,829 pounds, with the , stock of coin and bullion 43,669 pounds larger on the week. Other deposits ; are 2,075,963 pound» stronger, g'ovcrn- : ment deposits larger by 945,000 pounds, while ' other securîties have increased j 4,349,922 pounds. - Nota circulation is the only item whiçh recorded a falling off, being 862,160 pounds smaller on the week, compared with last week's ■ increase 'of 450,855 pounds. * The proportion of note circulation to ilabilities has delelined from 18.5 per cent on last week to 18.3125 per cent. Principal items follow: Best, Feb. 10 £ .3,591,803 Inerease for week 3,456 Public deposits — 1']'.887.17,) Inerease for week 4,119,667 Other deposits 108,813,1(15 L Inerease for week - ^.<Wâ,96â Gov't deptfô'ts „ 43,947,247 Increasts for week 945,oûo Other securîties , '77 ,ûSû,1 i7 inerease! for week 4,3"iD,ft2:1 1 Tic serve 23,214,776 Increase tor week, .......... '. 905,829 Note circulation 141,092,000 Decrease for week . • ; Coin and bulliori inerease for week •" 144,~5;56,' W LONDON RUBBER. LONDON, Feb. : 12.—-The fubber market was quiet again, in sympathy with the American market being closed for the holiday. Spot *t. plantation fjokl 2s. 8 112d. to 2s. 8 l/4d., March, also April and June, sold 2s 8 ly44L, Juîy i and Sept. sold 2s. 7 1/4 d. to 2s. 7d, 1 NEW YORK, Febi 12.—The New ; York Stock Ekchange, the IL ' ;'S. ! Produce Marketsi and the Chicago Board of Trade were closed today, in observance of Lincoln's Bir-thday. _q Ridicule Is Chief Weapon Used In Soviet Warfare Upon Religion But Aged Persons Still Cling To Faith Of Other Days BY MADAME X. Religion ,aad the ezar were always the alpha and oméga of life in Russia. Having destroyed the czar and the idea of autocracy 1-te represented, it is only natural that the G. P. U. should tur® its attention to religion. Tîiis was a more difficult proposition to tackle, because while the <CZar was Imt a human being whose ^V-eakness and shortcomings conld easily and practically be brought to Mg'ht, the idea ef God is so deepîy hi,,gtained in the Russian soul that the destroying of jt calied for .qnite a spécial Aisplay of d,iplomacy and Inventiven-ess, The gruesome story of Rasputin, M s still mysterious connection with the old "régime," the older story of the "Pope" Gapon, served greatly in the initial campaign. Some travellers who studî-ed modem Russia were struck with its sprrit of tolerance... Moscow, the city of "forty times forty chureh,e-s," worships ;s«tiH, (ï-uite wicastnrbed, at tlite many torîlliaaaly-lit shrines. Tb.rough th-e open doors of churches one sees still "popes" in gaudy vestments. Liisa'a.tic figures representing dead tradition», turning round slowly to bless a kneeling, and sometimes weepiug-, congrégation. There are still st-r'letly-observed Cinirch hoMda.y s; and in remoto villages the "Pope" is still a person of importance. At 'f irst, as was in the gréât French Révolution, the Bolshevists tried te take drastie measures to eliminate religion once fo-r alî... We must not forget that the first Bolshevists were mostly a motl-ey crowd from the Jewlstî underworld, used by the wily leaders of Communism. Their <iuarrel was as much with the God of the "Gentiles" as it was with the czarist regime which had persecuted them... Having vanquished - the first they wanted to drag the second through the mire. But the Soviet leaders are sometimes quite able psychologists. They soon came to the conclusion that Goo was a more diffie'alt perse-n to eliminat,,e than the czar, and that very subt1e m-easures were 'nR<='ded tn a.tta.iT! the a-im. Fine Group Of Cartoonists. Nothing is proof against ridicule, not even the idea of God, provided the ground is ca.refnlly prepared. This was one of the means used by the G. P. U. ln its fight agamst religion. The question is more serions than it appears at first, as a fundam-entauy godless country alone ean accept without question the creed of communism as preach-ed in Soviet Russia, a nation without any religious conscience atone can eonduet successful1y the fratricidal war Bolshevism is wag-mg' against the rest of the world. Thç whol-e ôf the older génération, while accepting the existing state of things and bowing to the présent poWer, showed uhmistakable signs' of rébellion when the idea of God was threatened. Hence, the seeming tolerance of the Soviet 'G(>vo-rnment. The yo'ung'cr génération though, proved more malléable and receptlve, and it is to it that the G. P. U. aeetîon Concem- ! ed with the struggi© against religion ! ad dresses itself.. i In the 'history or czarist Russia, as' taug'ht by the G. P. U. propagmidi>st, religion plays an important part. Tisur Rtissian "pope" ueyer was a v«r>r retfr>ectalile figura. Often drurikeiî aad dissolute, u«ua31 y jHîterate and eeldom bclonging to any brat the lowégt cla«fs of society, he was a queer, to- say the l east, "shephprâ of soûls..." Patientlj", the G. P. U. workers have gone tbremg'h the record of the H.ussïa.!i clergy âiid brought ail the detrlm£ntal facts to light. These facts, to people endfow^d with a certain &ease of îœinor, afforded ample sc.ojp)e for pamphlets and cartoons, and these have been very ox-tensively used, A Te"rv powerfnl soclety called the "Bezbojn)fk'" <"without God") has been formed and works wiÎ:t'h the "antirelig'ious seetioti** .Qt the G.Ï',U. That society publishes its own "funny" or serious papers and books and deals largely in very clever and utterly sha,meli,-ss cartoons. The imagination of the humorist runs riot in that 'direction, and It must be said quite lmpartially that ;a finer group of cartoonists never ,ex1sted than that which works with th-e "'Bezhojnik." Such cartoons are reproduced by the daily papers, placarded on the city walls, exhlbited in shop windows, and oftener than not stuck on the. walls of cherches. S'uch places as the wait fan g-rooms of plcture-halls ar e .sdso used 'foI' the exhibition, -and there we may ffcnd as well' eleverly-coll-ected proofs of the "chemical formation of the world." Darwin's théories are generally adoptes and the orîgins of maji'kind are ten ely tanght in the schools. It is '"science versus God" and, among' the yoxmger génération, science has certainly won the first trick Spies Haunt Churches. 1 have spoken on the question with people belonging to the older ge-neration, people "too old ti3 learu to reaçl and write as weîl -as people who came from the class called ^inteffigentsia.'" They bow th-etr h-eads în shame, powerless to struggle against the current of godlessnefis : but they rema1n steadfast in their faithful aîlegiance to the God of their traditions, al though they know full well that the G. P. U. agent hatints the churches «ad mek" a speeial note of every ChuTc.J:¡goer. Â "rapprocllemene'with t h e"Fr ee-Thinkers Soci-ety of America" is -among the G. P. U. plans for the near future '@ Quite "br chance, the writer got :ae(l'11ainted with a very .sweet and utterly hannless old lady, Mrs. Culbertson Macdonald, European delegate .a-t tin? International Congress of Free-ThongM, held in Paris last J5eptember. This acquaantance was made before tl1t" writer's departure for Russia" and the Paris G. P. U. chief was aware of it It was considered in Moscow as a very élever achievement, the writer beingasked to keep up a corre.spondence with the la-dy, and plans were made to nsf some day the Free-Tliinkers Société of Anaeri-ca, both in the G. P. U. work in America, • and* in 'ttre anti-religious»; work in Rnssia> It-'ijsiiJ^ôîSoséd tB seïia henceforth Russian delegates' to tho society and to invite ■ it9 members to Russia. (Continued Tomûrrow). PARIS BOURSE There was no new activity felt on the Paris Bourse yesterday and affaira were on the whoje calmer tban for thé previous days. At the opening, however, many issues were animated, but the course of trading 800n gettled to a quieter pace and thus continued very ovenly until the c.lose. Rio Tinto came in for more activity, with Ottomans also iri «spécial attentio'Q< and a few other stocks attracted considérable attention. On news ^ of new difficulties in the discussion of the financial prejects, issues toward the close were inclined to dull. French bonds rnanifested better dispositions, with French ràilroads irregular. De 'Pec-rs, as well as gold mining' sliares, realized some progress. FRENCH COVERNMENT SECURITIES Fri. TJiur. ! 3 0/0 Bonds (Per-pt.) 46.05 ' '46.50 4 0/0 " (1917") r 46.» . 47. 5 0/10 - " - (1990) (S. F.) . 72Jt'} 72,30. 6 0/0 . " (1!/20) . 64.V25 63.75 Bons du Trésor 6 O/O 19T2 478. 47». " -6 0/0 1923 . 451.75 452.50 ' . " " 1.983 (Seot). , 454. 44S. 17 " S 0/0 1024 . 433.. 463. Crédit ,!\..atiônal:5 ()fiJ 1910 389.90 '• 3926.50 6 O/O 192S ■ 44)- 441. ' "- " 6 0/0 vm . 373.. 375: FOR El CM COVERNMENT SECURITIES Oerroan (Dawes) 7s. 1925 13,575. 13,520. Russie 5 O/O. 1006 26.40 27. Turc Unifié 4 0/0 '96.60 96. ! FRENCH RAIt.ROAGS Est ............ <645. <645. Midi 605. 641. N,c,r,d ...^ d.«27., 1,030. 1 Orléans - 770. 730. ! P. L M. m;. 860.. j ¡FOREIGN RA1LRQADS : Central Pacifie 4s -2,060. 'Q;\)8C.. j Chic.-Mihvawteee 4s 1,275. 1,300. 1 Cleveland-Ctncinnati 4s ... f^-85. t,HI:;. • BANKS Ba.nq.ue. de France 11;800. 12,203. - " Transatlantique . 271. 270. * ï'niott. parisienne, 830. 83,).. " Ff-aiico-itaUeïme . 1,725. ' 1,725, " Nat de Crédit , 550. w'<0. , " Paris Pays-Bas . - 1,335. 1,344. Crédit Foncier <de France 1,500. 1,905. lyonnais ■. ' I.'O&C'. 1..?<?.. Compt. Nat..-d'EîSCMapte . A80. «78. Crédit. Commercial 625. 630. Société Générale 814. 'S15, Banque Nat. du Mexique 1,1:85. 1,207. ", •' Ottomane 1,130.. l,<Mj. MINES Central Mining . 2,'2::':. 2,231. Crown Mines 'T..:m.' ■ ; '3!Y7.i'J\'I ' Be Becrs f-Ord.) l.«®2. * 1.885. Qed-ald '507. flCU. Jiîg'ersfontein ...,v....... ;»05. 518. Mexico el 'OJM) >,""H" 246. 249, Rand Mines 38S. , ;\92. , llay Copper . 427. 422. '> fti-o Tinto (Ord.) 0,075, . 6,095. ' Tharsis 5®. 537, ., Tj'ansvaa!! lAïld ....• .......rjOO. 4SI.04LS '' ' Mexican'Eagle <Ord.) .... 'lSS.Sfi 162.. ' Xariti. "Caue,as13U. m SA -Wl.SO -Royal ; Dutcii ........ ... 45,4M). 48.100, Shell Transport ............. «sil; '660. ;. - .M'US'B'ERS -, Caoutciioues- (,Soc. Fin.) .. flÔG. ,(",fJi:>, Malacca (Ord.) 661. '* 070. PaGl,a-ng .' 1,887, 1,885. SUCARS Ra-Winerie Say 2,030. ' 1,980. • Sucrerie d'Egypte 1,201. " 1,908; MISCELI.ANE0U4 Chargeurs Réunis 450. ' ' 433.50 Iteiharoya 1,310. -1,340.. Suez 13,200. 13.,âOO, . Thomsoll Houston 299. '298. Transatlantique (Ord.) .. 1M 134. LONDON MARKETS (Tribune Press Service). LONDON, Feb. 12.—Markets were dull today in Loiadon, owing to preliminary arrangements for Monday's carry-over. There was a lack of public support and a certain amount of end «f aceount liquidation. Prices in the gilt ecl,-,eicl rection remained steady, h-owever, despite little activity. The toreign market displa-yed a quietness unusual for some time with few pri-ce mûvcmeB'ts taking platée, French bonds eased somewhat. Home rails- were dull and Argentines were a trif1e casier, though Buenos Aires improved sljghtly. The industrial section was also quiet, textiles being easier in spots, wHh Iron, coal and steel generaliy : weaker. Movements in oil s were irt,egular and !'ubhers after hardening soon after the opening- weakened again later. ' Fri. Thur. Loans (7 days inai-ket) 4 4 Djscts. 3TIK>. Banii Bills 4 G/Hj 4 7/16 : -Oonsols 4 1/2 pe,. • 55 7/8 55 7/S Wa r IjoaiLs 5 pc. 1017/8 lel 5/16 '• " -4 pc. ^ loi 1/4 101 1/4 " . " • . 31./2 pe. " 914 1/4 / 97 1/4. * " -4 1/2 pc.... - '95 ,3'/R. OS 3/8 French 3 pc" 19 1/2 '9 1/2 ■" 5 pc, .... : 1-2 7/S 13 ' " . 4 pc. 1*917 .. 40 10 ; " 4 pc. 1 8 i l 11 1/8 Egyptian Unifié 82 82 ! Tur'kisli Unifie .... 17 3/4 17 3/8 i ; At(,,hison ' • .135 1/2 135 1/3 Baltimore and Qlli,0 ... 93 1/2 93 1/2 i Claiia,rli,iii Pa<'.ifl.G 461 16t . j Chesape&ke and Oliio ,. 322 1/2 122 1/2 Chicago-Mil. A -Si. Paul 13 }JI11¡ 13 1/2 I Erie W1 37 I T.JQul$wiu.e & Jiashville , 1.3'7 1/2 :1 'Ji - ! M. 'Kansas and "f,,Pxas .. 48 1*2 48 N. Y." Central """....' 132 -1/2 , 132 1/2 S. Y. Ont..and Western 98 1/9 28 Pcminsyïvam» .... f)3 1/2 . M ' Southern Pacific ,..H" 1-W 1/2 104 1/2 "Union Pacifie 132 1/2 132 North Eastern .'.s Def. 20 lN 20 3/4 Miflland ,Sc«ttlsh 75 75 11tc i Or t. Western Con s..... SB 88 1/4 Southern Dcl. 4?1 ?lies 43 1/2 Brit, Am, Tob. co .. 5 13/32 5 13/3? Angio-Malay .88/9 ?Sill 1/-», MeK.ic.an E-agîe 13/- n/o Koval DH.tc.H a3 0/16 -3.3 5/8 Sbéll ïran^poi-; 4 11/96 4 5/4 Cr-own Mines .Td/â 1/9 N9/..4 1/2 De Beers DeL; 14 14 -Itand Mines Mj® . 8&J9 ' .Mexico «I OfO 1 7/fi -. 171S ; Aftiaconda fOS'S j'(l3/ iS Rio Tiiato 44 Sh ■ 4M 1/2 U-fcah Copper .......... -90 1 '8 '99 1 {" Copper Spot «eo'll/.V GO/3/9 ' Coppêr y'ut..(3 Mo.) .. <i):/H/3 61/3/9 SUve.t' Spot 30 1R/i6 sa 7/S ; sa ver Fut. -('3 Mo.) .. 50Î3/10 30 1J/16 Gold . ~~ 8i'll 1/2 ei/il 1/2 , Mercury '.. 25/— 15/—• T111 Spot. 2«/t4 « ,1P 1 L,t) ; I»ead Spot (r>(>mests-c) . 3.5 lv — 35!1iJ/-,. Lead S#ot :(Foreign) .. ' 8-i/— ' 33!10!; Zinc, Spot ............... 35/17/6 :}[,/ill/- LIVERPOOL COTTON. (Tribune Press Service). LIVERPOOL,, . Feb. 12.—American cotton futures -opened îinèhanged to ; 3 points hl,,-.ter ând with local buying and fair trade support the market held steady. The position continued firm until the closing hour, on shorts covering and trade callihg. Closing priées'were: March 10.17, May 10.11, ; July 10.0S, Oct. S.71. ' - . PLACE CLASSIFI ADS Al 1 RUE SCRIBE 1 WILL USE TYROL i TO AIOINDUSTRY 1 Italy Needs No Vineyards Nor Tourist Resorts ex cep t thr-ough the j-n^afferent me- i ditim of l taHan intnepxetem. Althoug'h the point is Mot serious, 'j it may be werth mentionass^» that -tôle- ! phone girïs ane, iiow rèqsa'jred to give ' ba,el-z in italiaa ntimbers whieh are .a.sitcd for ro German, thus c,,,reating an unparaleH«d state of ce>nfïBsion everyw-here, . ' ' Jn reply .,to The Tribmie's inq ui'ry m \ to the reasons bebind tShese rute®, Pre- ! fect Gnadagnin'd .said,. '"The Tyrolese * are ïta'Liams now and mU$t expect to be treated th* mme- .';i!:$ ltalians in aIl j parts. of ïtaly. "They have .alway:s had the idea— those Germaus---tMt the Italian occupation of Tyrol m-ould mot be permanent. 1 do not eare to ,bay where 1 th-ink they eot that idea from, but fil tell y ou this-there is ! s'Offi.ething at ! work underground there." Further de- s tails of his theory the prefect refo-sed i to dîvulge, "Pôlïtics," be hinted, "in- ! ternational intrigues—outeide parties | inimical to Fascism are trying to undermine Haly's northei-.n bOl'der.s-her Alto Adîge." Sâ:g;nor Guadagnini assumed a -çonamandiing attitude, .'We tdo Re,t ;:ilASk war with anyone, but this is new Italy.. we have' our great Mussolini—and we are here to stay,"" Guadagnini then dismissed the elaims and complaints iof the Germa© Tyrolese f-lOM <wr di-seusson, tuming n'y attention to the Italian plans fof the development of old Sou,th Tyrol, ^ He.retofo.re, this section ,of the Alps •derîved its revenue from two chief i U.S. Contrivance Given To Elysée From today en, an American con-: fcrivanee will form an jessential part .Gf ■ the ,eq"Llilm1.ent of the Elysée Palace, I since Président Doumergn'e was y ester- ! day presented with a /"Frigidaire," .an electrk: refrig'erator, manufactttred at D,'t.vto,n, Ohio, by the Delco lÂght Coin- , pany. When M. Doumergue visited the Exposition of Domestic Arts in the Grand Palais yesterday, 11e was presented with the "Frigidaire,''' by M. G. N. Gédeau. assistant manager ,of the- Paris branch, representing Mr. L. C. Shannon general foreign manager, and Mr. G. 33. Riedel, .'Enropean matiager. This contrivance lias already been instaîlefl in the Elysée Palace. AMERICAN CLUB HEARS PREFECT .M. Paul Bouju, prefeet «f the depart- : ment of the ^eine, was . the st .iof | honor and speaker at the regular i weekly luncheon of the American Clubii of Pâxis, held Thursday at Eanger's ! restaurant. Mr. M. - P. Peiacotto, préSKient of the elub_, made the aâdress-«f : welcome.'Vnd, at the close of M, Bcra- : ju's speech, calied for tiiree cheers, ; which were given by the audience. j 141. Bouju's speech was an admirable ; bit of after-dinner éloquence. Without i treating any subjeçt seriously, he contrived to thank bis hoste for their bos- I ,pitality and to express the friendly J sentiments which he feels toward ; Anaéricans with the -utniost etetnn. He woked hds memories of the 4ays i ,(¡f tlie w= and tala of the emotion ; with which he Baw American .seïdsers ! ,going through ,Paris. He also spoke i of the warm friendships which grçw | tip between him and American officers ! and soldiers whom he saw trainingr in i lais department, at that time, of tlie : Maine-et-Loire. He said that he had 1 not forgotten t'hose men, and still kept up correspondenee with them., which ; was carrier on in English by his wife. ] After paying Americans other eharmIng compliments, M. Bou ju concluded ; by remarking tbat, aithough he had never been in the United States, b© : felt that he was visîtïng- the forty- ! ninth American/ $ta.te in being the gHîest of the American Club of Paris. Cosulich Cruise Among the inany Amerâcans-who , are passengers on the Cosulich liner 1 Mw..tha Washington now engaged in a j Medjterraneàn cruise are Mr. and Mrs. ' T. T. Armstrong, Miss Elizabeth Beebe, and Mr. J. O'Brien, New York; Mr. and Mrs. V. A. Ereumer. Mr. and Mrs. M. : V. and Miss M. G, Kannally, and Dr. and Mm, George D. Ziiakann, Chicago; ! Miss E. Gertnjde Copeland, Mr. and Mrs, Joseph Balch, Miss Marie B. La- ; voie and Mr. and Mrs. George B. Upham. Boston; Mr. and Mrs. B. H. Wilder, Cincinnati ; Mr.. N. Freeman, South Bend ; Mr. and Mrs, Edward V. P'Invîlliers, Misses Anne and Virginia I>'lnvillkîr.s, and Miss Louise R. Avery, ; Ph'iladelp.h,L,t ; Miss Eunieo Davis, Miss ! Mabel Yonng, Brooklyn ; > Mr. W. J. Meehl-er, Newark, ~ 1 .1~. ~ DIVIDENDS DECLARED -. Stock, of .Stock, rate, period— • Payable, reootd. Ni;iyii Edjson, 82 q ..........Mar 1 Feb 11 Buff Rocli & P. S2 Feb 15 Feb 5 Do pfd. $3 s -a Feb 35 Feb q CJ1i Fie* Sbît pfd, 1 -3/4 ,.,..Mar 1 F&b 18 Cliite Copper, 6,1 i/3c CI ....Mar29 Mar 3 Gen Fire-prfg, 1 sh (T St.I)..Fcb 10 Feb 1 Oen Leather pfd, 1 3/4 q....Apr 1 Maris: Do pfd. 1 3/4 q...... ......July 1 Jne 15 Do ptd, 1, 3/4 q oc-t 1 Sep ia Do pfd, 1 3/4 q V Dec. 31 Dec 15 (ien OutdooT-A-dv A. $1 Feb l5 Feb D Do pfd, 1 1/2 v Feb 1:5 Feb a Gi«een Bay & Western R R cta.ss A fleto, S» a ...Feb 8 Feb f, Do class B deb, 1/2 Feb S Fab f) Bayes Whe-el, 75c . Mac 15 Feb 26 Do 25c ex ; Mar 15 Feto 26 Do 7 1:/'2s pfd, $i.S7 1/3 ..Mar 15 Feb26 Hibbard-Spemcer-Bart, 'SSc m..MM' 96 Mar 19 BQ, a5e m .... d.... w 4, • -Feb 96 -l',,-b 19 I)o, 9û.o : ex..i Mar 96 Mar 19 Household PrcKj, . ...'.Ma!' 1 Feb 11 Illinois C<}ïHï'a!. 1 3/4 .........'MRr 1 Feb 5 Do pfd, $3 s a ....Mar 1 Feb S Inlan-d Steel, 62 1/ôc....Mar l F&b 15 , ] )er pfd, : 81.73 Apr. 1 Mar 15 Sherwin-Williams; 50c .Feb 15 Jan 30 . Do, 25c «X. • - • -Feb 15 .«Jan 30 Do Md'"! 3/4 1 ' U S Steei J>1 25 q Mar ?Âi Feb 26 50c ex.....T "...Mar m Feb 20 Do* pfd, SI.75 q Chicago M111 & I.uœber, $1 q.Peb 15 Feb 5 Jones k Lgh.n Stl, $1" tnltlll.-Uar 1 Feb 1'5 Do pfd, 1 3/4 q...... Apr 1 Mario 'iSources. The greâtest was from tt$ wineè, which Avere. exported to Aus'tfia. : a.nd Germany. The ■■omomâ \ revenue was the feç>ï& ! and America® t-oitffeîœ. Mow, as Gu&flafnijiî -$mn. poto-ted | OUt, Italy is ïiot gmtJy îffl'ter^îi&sJ j© the win-e 1nlii.ne$$ of Tyro4 having a. ; far rî-cher wine b«siïîe§§ ttl attend to i witliin the, limlts of the old kmg'dom. ' Tîîe SSiWî SL-ppîàe® ,fo'the tourist bus- j : Cojlfeequently, the ïtalians ; | ^mpar&ijvely wmffected hy- the nm l | taiiff • walls PNJi 1 up by Aîistrià ftnd j ! fefflany against Italian wines, though -I | th-is tariff - %,Ill pi-actically mean t-ht" ! ! raw '<of the Tyrolese winegr-owers, who ; ; have no outlet. except to <îermany ajsd ! | Au-stria, for their products. - - j Italy see-s a clianged Tyrol, a Tyrol, ! dotted f eyerywlier.e Wîfb big power ; plànts, "çh.e::mj.cal factories - and other ■ industries, ®oîidly owned by Italian ! , capital and isplidlj- operated by Italian ! labor. - ; i IR -4,n .apparent spirit of enthusiasm, i | PreCeet Gj0;a<iag"nini showed me a ma.p ! of #ld :Soiuth Tyrol as it will- be when : it toe&m&g'- new South Tyrol. Along j ail the b<%SPtâful mountai» streams, ! factor)" were charted. Dates i marked besîde thèse locations told ; when the ïtalians expected the factories to start turning their wheels, , Tlie Ponallî w#rks jiear Molian, beside • , Lake Ledro, is scheduled to be rea(-Iy ! to operate in 1928. The Ponte Al j : IMrco :f.,cb,eme je expected to be finisîi- " | od jst 1:931. -Other bîg projets planned i { for the -vieîti ities of Avi-zio, R1enza and i Noce are ail scheduled -,to begin before ; j l®ig5,.. / \ , - -. ! Thus, "w1if11111 te» years, J Italy plans ! | to have the whole district annexed : industrially to Lombardy. It may be : worth noticing that the Italianization of thf scteooîs wlll b? complets about the same tjiïie.. tm / great ï'talia.îi '-d^miçai tnwnùfaeîyri-ng eofieem of »1r«s4y ba? 0m plant in tztll àwia#' nmr ' ' M«r.ao,- 'fhf/,-1':rfIJmtÇ j,fi iofmmà that po>werf«î grmps of feaniceis and indxtstrials are rea.dy to pUsb. pJ.anf3for the ^Xfijoltation of the Tyrol. AH big Halian bénits have "now established them.sglves throughout the terri tory With-such Project s in the, lacfc of its min-d, it i¡;; hardi/ un^aturaj tbit,the Fascists talk of defeiidilig the Bt'e<!nigr aga.inst ail corners, ' To let at once. LE VEISiINiET. 9 roorus," batftrms., heat;, 'g.a'rage, large shady gaNt, rent 10fr.s., six year îeaSe to be. ceâ$il.Wpiig: De^ys, 25 Rue Jouffroy, paris. ■ - >128 Very targe and Luxuriousty Fumlshed < 6 room partaient,, bath, ail eQuUort,: to 1 let. Apply betwee^x 1 and 4 p.m. Dr. Glulinski, 9 Rue . Marbeau (Av. du Bois) 2i)d. floor, Icft' sirle... ~ , M{\\ BUILDING ENTERPRISE SEEKS PARTNER with 500eOOO Francs to WiOrtt up Allotmènt 'and Building bus)-. ness (biOU-ses by sériés in "Régio-a Pari-: sjelHw") . t î.st j-ete atfair, good résn,Ws ftr'tain, Easy t<T.m.s. PETITJEAN, 9 rue ttei; ; llall.es, Paris (2.UJ.ô'2), - <«99 SEVEN ROOM -APAR-ffdENTS, Etoile, most sjJHaptuous in Paris: ■ IiL0ïD REAL ESTA TE OFFICES, 5 rue BcMtdrcau. . A RE C2 A FOR THE CONVE- NJENCE OF ITS AMERICAN CLIENTELE The Farmers' loan & Trust Ce NEW YORK' Maintaîns in Paris a Représentative JAMES R. BARBOUR Whese Ôtî'.ce 11' ai TO RtiE OES PFTi US-CHAM PS Gains ! Gains ! ! You can't hold a good newspaper back In January 1926 3ayîïrxtue DAILY NEWStjif^Eifittiiï^aN EW YORK Published 46.3 0/0 more advértising than during January 1925. Almost 30010 over the increase of any other American Newspaper printed in Europe. This unprecedented gain in advertising indicates the wide- , spread recognition by advertisers of the unexcelled responsiveness of TRIBUNE re^efer^ S y, °t:5TÇ5 :f%n rf,jhr ;„f :ï.rJ With its complété présentation of the news and its special features, the TRIBUNE is the choice of keen, active people-—those who travel, buy the best clothes, automobiles and ail comforts of life. * 'AMERICAN CHAM-BER OF COMMERCE IN FRANGE; ! 32 $tue TAITBOUT. pftpff? ^ : : extends its facîlities to ALL AMERICANS ; .................................................................. CLASSIFIED ADVERTISEMENTS PLACE ADS AT THE FOLLOWING BUREAUS Tribune Buwaus, 6 Rue Lamarttne and t Rue Scr;be; P. O. P. oHi-ces A 171.) Boulevard Saint-Germain; 8 13 Rue de Môdicls; C 3 Rue ^int-Philip-pe-du-Rou e, B 44 'bis Rue Pasquier; E 50 Rue de Passy; F 195 Rue de^ Graaelïe; C 50 Rue Gooernic; H 30 bis Rue Victor-Massé; l 21 Rue Le Peletier-, J. Rue de Vau^ilard- * el Rue de Chciseut; M 75 Rue RochechoUart; N 3 Rue de I AbbeGrégoîre; 0 100 bIs Avenue, JUéber; p 4 Eoaievard des Saint--Cermain; S 88 Boulevard Saint-Michel; T 3? Rue JStiçflne ma'rcel. U 86 Rue Miromesnll; V 1 Rue de Strasbourg; X 55, Ï7, »9 Passée Jouffroy; Y 84 Boalevapâ Voltaire; A8 131 Rue Lafayette; AC 26 Avenue W-agiam. SITUATIONS WANTED, 4 frs a line. Commercial. Translations Wanted by Fr. lady, diplom,ed. years Eaagland. Cachet, 107 Ave. Il^ri Martin. ■ Domestic.. 004)0 COOK, Past-ry-cooSc, references, seeKs port.. Mollet, 15 R. de la Comew^. "VALET seek post, ex bra. Debray, 96. Boulevard de Grenelle, Paris. FEMME BE CHAMBRE, 33 ans, tr. bonne repasseuse linge fin. des. place Bonnes réf. Ma1'gl1'Cl'ite, 71 Avenue Victor-Hugo. lui ~BUT1.Er7~37 years, 1 ni. 75, very good reîerences, seelis post or extra. 71 Avenue Victor-HUgo, ParIs (1 € "). "VALET-BUTI-ER,' F^S Fourcade, 4 rue Guyot, Paris (1/ )■ 06427 MisceUaneoua. GUIDING-SHOPPING ESCO RT. Apply: Arinande. (3J Rue Brunei. Galvani 0P4| PENSIONS, 5 frs a line. Franklin's House, 2C R. de Penthlèvre [Ch. Elyæes) Ne^v installati-Oiij la test DtSTt'MC. fAMtt.Y wd. receive -be&,M"Ier, agreeabie ,re,o-ut Board option. Eng. Sl)l()K. Write: de Leotard, 4S Boulevard Pew:j^- ^S>s» w INSTRUCTION, 4 frs a line. French Levons, Convers., Órantmar. Mlle. Neff, 115 Bd. MOlltparllasse. HOItIe-l de Nice. , .. BUSINESS OPPORTUNITIES, 5 frs. a line. .EMBROIDERY BUVéNS. ITAMAN HAND made table Iinell$. Stock on band. orders taken for future detivaries, samj)les ~oe request. A. K. Hauirah, 18 Via da Vinci, Florence (Italy). FOR SALE, 5 frs a line. Dinïng Room 7,000 Frs. Mahogany, fô pièces. Ancient furniture. Vanier, il Ave. Constant COquelin. ~ 2S.... TRIBUNE ADS PAY TRIBUNE WANT AD CLASSIFICATIONS t.-RELP WANTED, 5 Frs a Une. g.—SITUATIONS WANTED. 4 Frs. a Une. Commercial. Domestic. Miscellaneous. 3.—PENSIONS. 6 Frs. a line. 4.—AUTOMOBILES, 5 Frs. a line. For sale. For hire. Wanted. 5.—INSTRUCTION, 4 Fra. & Une. 6.—BUSINESS OPPORTUN ITIES, « F«, a Une. • ■ > 7.—FOR SALE, 5 Frs. a Une. 8 —DOGS POULTRY, etc .. 5 Pca. a UD8. 9.—MISCELLANEOUS. 5 M'a. a ilOB. 10.—REAL ESTATE. a Fra. a HM. {Spécial rubrique every S=OAI' .#Md Wednesday.) i --