'f " INVESTORS SHOW A DESIRE TO RELIEVE FINANCIALTENSION ncoiiragcd by the Better Feeling Everywhere Ap parent, They Display Con fidence by More Active Trading Prices Higher. rtmorted successes of the allies In Cu- '"F . . .. .,1 nlYnnt nn till? Loll" n are having a t,u" -..- - 01 a .... -.i h. t,Mt.r fee. nB JL i. nnonrcnt In nnanclal circles In hi metropolis Is bclnff reflected hero to , marked deBree. The advance In Ens- ...i. ..!.( dm nliuost sensatlonnl Ish eonso i ". , ,, ln C0Ulltrv. tlio ffl "c'oniiuenc- of torclun Investors E i,. stability of American Bccuri-icB fc AU c Ivo trading and consequent aim -- , Woll arrnnt ntirt nn tlin !Jsher,,p",, r. .rh-ttll contribute to the KXr feellnB which Is apparent ln near l? in financial centres and to a renewal Ily nflScnco ln tho ability of American Mcra "o successfully copo with tho J"""1":: ... .iii.-iinn hnf lina for mnrn ffi'a month enveloped tho financial Trndon apparently displays far greater .r..nith and courago than wow iotk, we for the new 8 per cent. Now York ,... ( European Investors know iMt high-class American securities nro lier than their own, und many can aid that foreign liquidation would not a heavy it m -i '"'" """ " hinge reopened next month An Indication of the atltudo of Invest ,ri Is shown In the feat that there were '..- knvlna orcleis In tho local market hi afternoon than thoro has been for : i..r iimn Fiom abroad camo requests ir several tvpes of American securities, lolaoly BianunrH u", uniuu ui "" touthern 1'nctllc London brokers made it Inquiries p.nrnvlvaiila sold for 52: United States i.i wiifl nuotcd around 4S, nnd an order or 100 shams at 19 could not bo Illled. rhro were actual salc3 of Union Trac- lon nt 40, t'nltcd Gas Improvement at 0 Reading nt it), uainona aicei at 1215. Is'venil I'lilladelphla municipal bonds hanged liniul- at ivfb nnu iu. In the unlisted securities tho special ommlttee supervising the transfers spoko tncouraglni;I of the outlook, and ad mitted that demand for bonds and stocks of this rl.i H moie geneial than they had expected. A betti 1 marknt exists in tins city to day than ut any time since tho Stock Exchange closed Committees which havo been supervising Investment transfers In both the listed and unlisted securities ex press much satisfaction with tho turn of affairs. There has developed a better dls- MnrtIMnn in tnuln on the mirt nf Investors. and mnnv brokers nave Been able to materials reduce the amount of their outstanding loans, much to the gratifica tion of the banks, The latter havo given the traders etery aid possible ln the last few weeks and there Is no record of any large loans having been called. It Is generally admitted that the first necessity for a safe and sound market flhen the Htock Exchange shall finally open must be a return of confidence of Investors In the securities traded in. Thero Is but one tva In which this confidence !tun ue eiiuuui.im'u, namely, uy ine aD eence of unnecestary nntagonlsin by olll Hnls nrtllt loin no mirl nt Vinio nnil Viiv (tin rernotal of rtstilctlons that have In tho past prevented corporations from con ducting a sufficiently profitable business to render their securities attractive to tho tatlnfft of the people. Railroads need higher revenues to mako their securities thus nttractlvo as repre senting successful huslness enterprises. If the tranportatlon companies are placed In a position In which they can obtain new capital on workable terms It will not take long for extensions and betterments to be rellected by Increased orders In the Iron and steel Industry. In turn activity will be promptly communicated to the ether Industries. FINANCIAL NO rES Banking history certainly does repeat It self. Conditions now find a parallel with those 100 years ago, when this country was fighting the War of 1S12. On August . " "" nn , ll-llt UU 111 CBUIiti Washington, there occurred tho first gen eral meeting of bankors ever called In this country. Specie payments had to bo sus pended, and it hepnme tirw.nccinrts try wirlr I out an emergency system for tho pay ment of dally halnnces between the banks. If J. Plemnnt lllrr,nn .i.oh nil... n , ---,.-... , (.U.. HUD llll.D IU" oay, said th iipn,i ,,f n n Tji.iin.t,.t Phla's Important banklnp houses today, mere would bo no fear it heavy llnulda- ll)n Of feeCUrl!le 1,IT rt1n..a..n ImLls... .. , , . ---..... w .jm Jibuti W,UI( wmch, it Is believed, would follow tho ro-openin- of the exchanges. Chances are mJJh form ll syndicate of American P.ik . . t0 lnko un a billion dollars' J""".0' American securities now In for-SlJan-(1 Wnmt to bo made over a th?dk'..ttt0 t0 ihrre 'eal'H- o P"t lnrouBh the gp at billion-dollar Steel th.-- .?': tIlc Betps financial work dnn. .k,a ,ms "er seo" And ho-d have one the same in tho present bltuatlon. hV.,n,ro,,U valuc a Brent man ""I" "' gone from us." towSTIm-n J11"""""? conl n August In fk. lM-'a l0lls. against 5,3C9,900 tons '.'."JSsW ,n3t year-nn '" iiillff a,ml. Npw R"Bland nallroad 0 anth ad5' lKe In the amount this ?CU,; l0al al,l""c'l VT Us lines rtowiho J'viry "10"th t,,,s 'enr Is ''r Wmo9n,hm';,mOMth of 10'3- ""1 r tho Mred ih 2n,lhp '"! "'as !).'C,S03, com 4 with 703.C53 for the whole of last th9 r ",n"B,.,n PCtl"B t stockholders "f this lhl t,0,n!V' Truat cmpay. Jtcaili ttLVl' 'V1' lmel "ummel and A. C. ww ai iihL7 "-;;! ',lrcctor3 of t" com- u other officers were re-elected- n' oTcon!'6 --""""'nt of tho tible L ,mP,,ny. that " wl" at once crude 01 the T!nt..of lta Purchases of dependent BJnUo",ne P"10 I''ne- n 'n Y It 11 tlT'lr; .t,wt "ennlns to. "ill take all oil Its customers offer. ?rth Butte Sllni,"nmea t0day by th" " Per cent nfIlnl"K Company at about towtto & me,rPacUy' ,v,n emly oS?3 3Wtt0nnsCr"?,;t,er Ports have 83 tons ' n"a Blnc! September 1 I'aluf nVIDENDS DECLARED &?'' "Mrm.t'e'S,Vein" ."'Pany. regular e. 'l"r"r?1"nS..an4 ,Jhtlng Comny. V'ember sS tl '.", .J .l'tr ""' payable .orltVn T'-i-.k ri"ra September 17 &1 " "n."", .?!!,& r.KUlar;-quarterly -., . iaf-.,..v "uidkviis 1 ftWa nVi!, ,OK . .111 .7l II IKS . M Ll'i Board uf irfyl"ihtr ,'"'. 10H Sfi a rWL;,L1"' l.or" ha ihl day d fHUi o,! 1 . lJr kbure), iUar o( tax Sfi'4 thJ" ?"' VJ.li- o itVckholderi of C. 3. NEWHAI.L. iicMiurcr. l!i V 3UJS Li I 'IWWIl"i' "I I ! ! 1 ,!,! WW ! II FORESEE TRADE BOOM IN LEATHER AND WOOLENS Xocal Interests Learn Conditions In England Are Favorable. leather nnd hlgh-grndo woolen cloth manufacturers In this city may expand their trade by taking advantage of con ditions In England, according to advices received by local Interests. Information from London Is to tho effect that tho director of contracts for tho nrmv re ports a market In the Ilrlllsh trade for chrome upper and hrnvy solo leather. A man In close touch with tho shoo trade declared that whllo this may bo it good thing for one leather manufacturer, It will mean nn Increase hero In tho prlcj of shoes. A consul hna advised that a number of European commission mer chants, who had been eeltlhir Clcrmnn shoo findings and leather manufactures, expect to visit this country to get In touch with leather men here. Tho Information ns to the high grade woolen cloth mnrket also comes from nn American official. It Is to the effect that manufacturers who make grades of this cloth used In men's first-grade clothing should bo'nblo to mako good connections ln England It t also set forth that a re liable buplness man desires to get In touch with manufacturers hero In these lines. M3DGi2R-PmLADJELPHIA, TUESDAY, HEPTJEMBKB 15, 19U vmam i Is ' M SOUTH AMERICA IS A PROMISING FIELD FOR NEW UTILITIES American Capitalists Plan Invasion to Upbuild Won derful Resources of That Country. P. R. R. SCHEDULE, NOW IN EFFECT, CUTS OFF 50 LOCAL TRAINS Runs On Others Extended to Make Up for Loss B. & O. Asks Aid in Preventing Car Destruction. The winter passenger train schcdulo of the Pennsylvania Itallroad, which went Into effect this morning, eliminates B0 trains. Five divisions oro affected. On some divisions tho runs have been ex tended to compensate somewhat for the trains annulled. Comparatively few trains were taken off the Media Division, thae being some extensions to the present runs to com pensate for the reduction In tho number of dally trains to West Chester, on the Philadelphia division, fiom 15 to six. Virtually tho same schedule that went into erttct on October 1, 11)13, on the West tUrsey and Seashore Railroad be a.fiit effective today, with the excep tion that two trains wore withdrawn on tho steam road together with several electric trains. President rennslngton, of the Soo Line, says that tho business of the road Is nbout the same as a year ago. "The grain N moving in volume," ho said, "and we are in line for n good tonnage. No veniDer ought to bring out comparisons that will be very satisfactory compared with a year ago." The Italtlmore and Ohio Railroad has naked Its employes to exercise more care In the handling of cars and equipment, owing to n steady Increase In the loss due to destruction of cars In accidents. Iluilng tho present year 1S31 cars valued nt ?!"0,GS1 were destroyed. This Is an Increase over 1!)10 of 233.47 per cent, ln number and 231.53 in valuation. Without any support from the employes of tho company for whoso benefit It was established, the Pension Fund of tho Canadian Pacific Itallroad has a balance of $1.000,COO. Thero are 077 men on the pension roll. Tho gross Income of the Chicago, Mil waukee and St. Paul Railroad for tho year ending June 30, 19H, wns $30,031,631). against $31,523,542 last year. Tho balonco, after tho deduction of Interest and rent als and the preferred dividend, was qual to 6.3 per cent, on $IlG,So5,400 common stock, compared with S.62 per cent, earned on $116,3)S.20O stock In the previous year. Tho surplus for tho year was $1,515,710, against $1,225,213 in 1913. Traffic Manager "W. C. Mnxwell, of the Wabash Railroad, announced today that passenger fares between St. Louis and Chicago will bo raised $1 on December 1, and rates from St. Louis to New York will bo raised $2. Regular monthly meetings of the three Reading companies tho Reading Com pany, Philadelphia and Reading Railway Company nnd tho Philadelphia and Read ing Coal and Iron Company will bo re sumed tomorrow. The annual reports will be submitted and acted upon at these meetings. This year each company will Issue Its own annual report Frank W. Blnlr, receiver of the Pere Marquette Railroad, today tendered his resignation to Federal Judge Tuttle, ln Detroit. He gave as his reason that other business demanded his attention. RAILROAD EARNINGS Wabash Railroad, July gross, $2,649,453, .leu-ease !SS,3C.'; net, $739,&QI, increase $13,. 5U2. Chicago Great Western, first week Sep tember, $275,153, decrease $15,784; from July J, $2,613,097. decrease $168,672. Boston and Maine, July total operating revenue, $4,2.'2.9SG, decrease $117,622; net operating revenue, $SI2,145, decreaso $212,-sjs- operating Income, $671,075, decrease $247,677. Midland Valley, July gross, $129,910. de creaso $13,307; two months' gross, $231,279. ileeronse $23,313. Rutland Railroad.July operating revenue, $302,!?0S, dec! ease $I0,SS1; operating In come $18,342, decrease $27,309; from Janu ary 1, operating revenue, $1.9Sfi,958. de crease $72,578. operating Income, $242,009, Ueerease $5319. PENN NATIONAL BANK Comptroller's Call, Sept. 12, 1914. ASSETS Immediately Available: Cah ana Ilesene . $1,209, n.lO.St Chucks for Clearings . UD.8S9 -J 7 Uuo Crom Correspond ents 441.380.01 $1,860,920.49 Available Within 30 Darts Demo nil Loans 1407,543.40 Loans Jue In 80 days 1,141.270 02 Hi ltd Slates Honda (I'ar) 200.000.00 Other Uomls A Invest ments SCO, 128 SI $4,229,863.32 Other Loans & Discount! ! Due ultliln DO class. $2,784,021 Oft Due ofier 00 la .. 1,000.01121 Hanking Property .. 241.021 20 $8,303,917.39 LIABILITIES Deposits $3.S.',.1 281 BO circulation 279.300.00 flearlutt lluuse Cer- itruauM sso.noooo I'apllul Siottt soo ooo oo Surplus & 1'rotlts 1.0.M 333 80 $8,303,917.39 Always Commercial Jl. C. HAUEIt, Cashier, Public utility operators In this country aro turning their attention to South America as n, promising field for tho es tablishment of new electric railway, light, heat and power companies. Com mercial and manufacturing Interests havo already laid definite plans for tho capture of that country's Immense, trade, nnd now tho organizers of public servlco corpora tions, uacjted by tho electrical supplv houses, are arranging to tako advantage of a situation which tho Kuropoan war has brought about, and which promises to open a big new Held to American In vestors. It la logical to expect that, with tho res toration of peace In Europe, there will como a demand for new capital with which to repair tho damage now being dono by Invading armies. Naturally, whatever capital may bo In tho hands of Kuropoan financiers nt the closo of tho war, will bo needed for constructive de velopment In their own particular coun tries. This situation, unforlunnte ns It may be, will bo America's opportunity. For many years, utilities In South America have been financed almost on tlrely by European capitalists. American financiers have had their hands full at tending to the wnnts of the public In this country, which has upward of $8,000,000, 000 Invested In public sorvlce corpora tions. Tho South American situation has been almost entirely lost sight of, nnd It wns only recently, when exporters hero began a determined crusade to capture tho trade of tho South America republics, that this field as a possibility for the development of utilities wns given sorlous consideration. The field Is considered especially at tractive because of tho many favorable concessions which may bo had. Just now the South American countries do not represent any advanced development In the line of utilities. National resources of tho most Inviting character arc await ing to be turned to practical use, and they need only American brains, backed by American capital to turn them Into public service. That they will soon ob tuln this much needed assistance Is ap parent, since It Is the plan of American promoters to shortly lnvndo tho field and develop the great power possibilities that have for decades gone to waste, because of tho lack of sufficient enterprise. In the more prosperous countries, like Brazil and Argentina, there has been a marked development recently, Influenced almost entirely by financial aid from London, Brussels and Berlin. Particular ly has Germany been making good prog ress, because of the closo connection be tween Its money Interests nnd tho South American Importers, who have been for years ln close affiliation with each other. In tho past, with foreign capital large ly Interested, purchnscs of electrical sup plies, whenever practical, were made abroad. With American capital doing the financing, however, the American elec trical concerns will, naturally, get the greater part of the business. Total trackage owned by the 1260 street nnd electric railways In tho United States In 1912. according to a census bulletin just Issued, was 40,470 miles and 649 miles leased. About one-half of these compa nies had their own power plant equip ment. Tho total capitalization of tho operntlng companies was $1,703,568,141, of which $2,384,344,513 was capital stock and $2,324 223.62S funded debt. Those lines of railways carried In that year 12,135,341, 716 passengers, of whom 2.423,918,021 were on transfers and 165,809,023 ware free. Continental Gas and Electric Corpora tion has acquired the properties formerly controlled by Iowa-Nebraska Public Service Company, which was placed ln the hands of receivers something over a year ago. The properties taken over aro Nebraska Gas and Electric Company and Iowa Gas and Electric Company. Tho transaction Involved $1,250,000. ruuds for the purchase were raised through the salo of becurltles of the Continental Gas and Electric Corporation to the Conti nental and Commercial National Bank and the National City Bank of Chicago. By a decision of the Supreme Court of Appeals of West Virginia, the West Vir ginia Public Service Commlsson has al most unlimited power over rates and reg ulation of public service corporations op erating ln that state. CHICAGO LIVE STOCK CHICAGO. Sept. 15. HOGS Iterelpts, 13.mo; market steads-; mixed and butchers, $S 3010.40 Kood nnd heavy, $f WJ'oU 2S; rough heavy, SSgS.US: light. $s C3f(U.4i; i.Ibh, Sll 2.V3S 00, hulk. JS40fl) CATT1.K Itecelpts 7300; mnrket slow, liioves, J7-KIVU: cows und heifers, ?4iili 73; Blockers and feeders, JO jnffli S2S: Texans, I'.SOU R0; raltei, ft) Sold'.!. SHHKl. Itecelpts, Sii.nuo, mnrket strong, na tho and Western, .rna in, lambs, $3.7508.30. BANK CLEARINGS Clearings of hanks todn; follows ion ion 1912 Philadelphia. S2.t.4HS.fi2S fm.'.KS 017 $2(l.llt.7 riislun .. 10,171 71 I'dHlSMS .10 111107') Now York 160,818.220 301,409,927 338,irj3.04.l ay comnarcd ulth tha corresponding day for the last two years STATEMENT Corn Exchange National Bank Philadelphia September 12. 1914 RESOURCES Loans & Investmeiits,$20,01 1,942 87 Due from Hanks 3,673,777.38 Clearing House Cer tificates 340,000.00 Clearing House Ex changes 665,70161 Cash and Reserve 5,509,262 27 S30,2U0,081. 3 LIABILITIES Capital $1,000.00000 Surplus anil Net Prof its (Earned) ..v.. 2.016,102 25 Clearing House Cer tificates 1,28,000 00 Circulation 783,300.00 Deposits 25.116,28188 530,200,681 13 NEWTON W. CORSON. Cashier. UNION TRACTION HOLDERS TO PROTECT TRANSIT PLAN Will Take TJp Matter at Annual Meeting Tomorrow. Protests of stockholders of the Union Traction Company against any plan whereby the company would lend re sources or credit to the Philadelphia Hapld Transit Company for tho develop ment of transit facilities In Philadel phia, In accordance with the plans of Director of City Transit Taylor, will bo presented at tho annual meeting of tho company, which will be held to morrow morning at tho offices of the Philadelphia Itapld Transit Company. The protests, which have been gath ered by James O. Halfour and John SI. Fogelsanger, slnco the announcement of Director Taylor's plan, nre understood to constitute a majority of tho total outstanding shares of the company. Mr. Balfour would not glvo tho exact num ber of shares. During the meeting tho protests will be presented and tho stockholder: will probably be asked to vote on them or to report them to tho annual meeting of tho stockholders of tho Philadelphia Rapid Transit Company, which takes place a half hour after the Union Trac tion meeting, tho latter being at 11 o'clock. I PHILADELPHIA MARKETS i i i i - - ' LOW IRON PRICES CAUSE WAGE CUTS Mill Employes Will Feel Effect of Smaller Trnde. PITTSBUnOH, Sept. 15.-On the aver age, tho actual selling prices of bar Iron In July and August fell below the low est level recorded In IS years. Mill em ployes will receive lowor wages for Sep tember and October ns a result. At the bi-monthly examination of sales sheets, conducted by tho Western Bar Iron Association and tho Amalgamated Association of Iron, Steel and Tin Workers, It was found that sales of bars by selected mills during July nnd August averaged 1.09 cents a pound. This re duces the wage rate of puddlcrs for this month and October to a 1.0" cent basas, entitling them to a rato of 5.C0 a ton for boiling, a material reduction from tho July and August basis. DIVIDENDS PASSED Each day brings news to the financial community of the passing of dividends. Today the Nova Scotia Steel and Coal Company passed dividends on Its pre ferred stocks, and tho directors of tho Calumet and Arizona Mining Compnny said that the dividends usually declared this month will bo passed. FOREIGN EXCHANGE NEW TORK, Sept. 15. The foreign ex change market opened dull but steady. Tho market was confined chiefly to ster ling. The quotation for demand was $l.9Sa rti4.0S4. Cables, $1.90',,4.99U. The price paid for marks was 96?ic. Paris cables opened at $5.10 bid. BAR SILVER Dnr silver wns quoted In Ijindon today at 23 15-ll3d a decline of 11-1IM. Commercial bar sliver In New York dropped ly, cents to 02 cants. ASK BOND EXTENSION Tho American Malting Company Is send ing circulars to tho holders of $2,400,000 of the company's bonds outstanding, duo December 10, 1914, asking them to consent to an extension until Juno 1, 1917. PROVISIONS Ihill nnd weaker. City beef, In et. moked nnd air dried, 310Me i Western beef, In ; smoltcd, 31fifl2e.; city beef, knuckle anl tender, smoked nnd air dried, 32tf.1lc. West ern beef, knuckles and tenders, amoked, Mg 3lc.i beef hams, -MB lie , Irh. M.'n"y, -W STC. hams, S V. cured, looie, KWl0tie.,ao. skinned, loose. ISWIflo do., do.. mok ed. 1810e.i other hnmi smoked, city cured, oj to hmnd and uvernite, Wide , him, n0.K' Western cured, lswl'ic , do, boiled, bonnlW". 2SH2no . picnic Hiouldrrs. H. P. eurei . 'oo'ft -fun An.. mniil. itolttie.: bellies, in uinK u uvprHKv, iuu-iu, lilfl I Sc. meH e. ncror breakraBt bacon, as to brand and average, cjjy cured, 22fi2lc- breakfast bacon, Wern cured, Mflblci lard, Western. .refined. I lerces. MWIIlVKc. do., do, do,, tubs, ''"Ws; lard pure city, kettlo rendered, In tierces u !", ll?4l2c, SUGAR HKFINni) firm, but qulot. , Standard granulated, T.10!i7.r,V ; line granulated, i 1-nt 7 r,0j. powdered, 7 D.VnT.ROr- : confectioners A. 7 l.Mtf.sOc.l soft grader 0 1',07.0'jC. DAIRY PRODUCTS Mttle trading and prices barelr w York full-rrenm, choice, loyt'tf do. fair to good, 15'4lc i do, CIinESK 'lefcuy. New UUTTriH UecelptB light and , markt firm with demand fnlr'v nctHe. "V."' freih, tnll 1-paeked cren-nnrv, fancy spei Wis, :i4c : exceptional lot hUlmr extra, 2,f'?;i extra flrsti, -tic. nrits. 2li'.(UVjC. ; ecndf 270S 2Sc. . ladle packed, 2 1 23c .as to qual ity! nearbv prints, fancy. 33c: do., average, extra, ."Bile do., firsts, JoflMc.. do., , sec onds. 27f!!ic Rnecial fancy brands or prima Jobbing at RdfillP. .. KWiS Deninhd good and aupplles we." cleaned up at full figures, ln free ases. near by extras. 31c. per dor..: nearby firsts, ' per standard case, neirby current receipt, 7.iWJ7.o per standard cae, "tern i-xtra firsts, fS 10 per cine, do., tlr-ts, $i.50U7.SO,per case: do., seconds, 50 rowl l"i per caje Can dled and recreated freih eggs wero Jobbed out at 33iM7e. fcr doz., as to quality. POULTRY LIVE Tho market quiet with fairly liberal offerings nt former rates. Kols, choice. 17filx do . poor and thin. HlBliUi" . tld roosters. Ilffl2c. spring rhlek; cno, fine, laipo, Ufftc . do., medium l".'- Wide, ducks old l.'lf714c do . spring, 14 fr,e i guineas, young, per pair. nnifjSOc. : do, old., fpUc. ; pigeons per pair. I'.ffJlSc. IHII1S8I3H Fowls well leaned up at lata ndnnce t'hlckena quiet Fine, heavy squabs llrm (Juotntlont . I-rc.h-tilled fowls, Western, per lb , selected, henvv. 2l''jc : extra. 50 V : average receipts 4iri'j lbs average, ISTftlic : do, smaller sI7ps. UVAnifiip : old ino'ters. dry i.lrked lL"4e ! broiling ehlrkens, nenrhy weighing Vi Wl lbs npleco, IdfllOc : do . fair to good. Hid ISC. chickens. Western, 3i11c. lbs. and oyer - , ,. ., .... .,,,, IKu nnlnnc lfi7f ITe broiling chickens, Wi stern, weighing 1'4 2 lbs ITWISP.i do fair to gnnd. tMj 10-. squabs, per doz.. whito. weighing lKitJ lb", per dox f 1.1.-17 1 M; white, neighing. tlfTlu lbs. Per i r07.,, weighing B lbs Ibi per anz , 1.7,"2i do., do.. 0 to OH lb per doz.. H.-j IV per Jlfn 73: white, no.. tier dor fS.li!W!.lli 1 1.-0; dark and No. 2, OOcajl VEGETABLES Potatoes well cleaned up nt full figures. Other rgctnbles generally steady. White potatoes, per bush.. Pennsylvania choice, 73ffiD7."c. i do., fair to good, fififf flic ; white potatoes, Jersey, p"r basket lownoc. . sweet potntoe. Eastern Shore, per bbl., No. 1, SI. 731742.3.; No. 2, ric.ffil: sweet potatoes. North Carolina, per bbl.. No. 1 S1.7.ri32: No. 2, "OCiJJl: sweets, Jersey, per bbl.. No. 1, $2.0003, No. 2. Jl.,",0!l.7.-i: sweets. Jrsey, per bket, WiiSiUOp. , onions. Western nnd Con necticut, Vnlley. choice per 100-lb. bag. $1.23, onions, medium. p-r lno-lh. bag. 31: cabbage, domestic, per ton. $12GZtl: celery. New York, per bunch, 12ifI30c. : mushrooms, per J-Ib. basket, COc.0Jl.OO. DRIED FRUIT Apples more plentiful and barely Bteady. Other fruits sold fairly and values Generally well maintained. Apples, per bbl , Virginia flravensteln. Illush and Summer Itambo, $2r,0ffi3, other varieties, yi..oirf 2 30. npples, Delaware, per hamper. 30 WCOc. ; lemons, per box S3f I : pineapples, per crate, Torto Itico, J 1.2., iff :t 23 : Florid i. Sift 2.30; cranberries. Capo Cod Early Ulnck per bid H.nOTt3. crnnberrli' Cape Cod, Early Black, per crate. Sl7."tf?2; tranberrlea, Jer sey, per crate, dark, $1.7.,fi J 23 ; light, $lli 2.23; huckleberries, per qi . Ifiific ; peaches, Virginia, per 20-lb. basket, 23 30c. : do., do., pr crate. 73c. If 51 30, do Delaware and Mar land, per basket 23(f73c , do., do., per rrnte Tfle.ffiSl 2." . peacnes, Jersey, white, per i-hasket, 40cJtl; do., do., jellow, per THE PHILADELPHIA NATIONAL BAN Philadelphia, September 12, 1914. RESOURCES Loans and Discounts $39,623,603.77 Clearing House Loan Certificates on Hand. 2,090,000.00 Due from Banks 8,341,745.36 Exchanges for Clearing House 1,203,554.99 Cash and Reserve 12,345,834.09 Customers' Liability under Letters of Credit. 2.098.415.00 $65,703,153.21 LIABILITIES Capital Stock $1,500,000.00 Surplus and Net Profits (Earned) 4.936,130.64 Circulation 1,842.597.50 Letters of Credit 2,109,942.S0 rj .. Individual . . . $33,143,433.63 Deposits: Bank 22.171.048.64 55,314,482.27 $65,703,153.21 LHVI I,. RUE. President. LINCOLN GODFREY. HARRY J. KI'SER. Vice President. Cashier. HORACE FORTESCUE. WILLIAM S JIADDOX, IMVID W. STEWART, AsslHtant Cashier, Assl.stant Cashier. Assistant Cashier. DIRECTORS N. PARKER SHOUTIUnOE. Clmlrmnn of tho I3oa.nl. RICHARD ASHHURST, PERCIVAL noiH'HTS. Jr., SAMt'EL RUA, LINCOLN GODFREY, (H'Oiir.I II. MoFAnDEN. PintPF S DI'PnVT GEORGE WOOD. EDWARD T STOTKSHI'RY. L' Z. . ' . ", ALFRED C. HARRISON, EFFINGHAM It. MORRIS, THOMA.s f; i.ATLb. LEVI L. RUE. RANDAL MORGAN, ASA S WING GEORGE II. FRAZIER. It. DALE IIENSON SAMUEL M. VAUCLA1N. Accounts of Mercantile Firms, Corporations, Banks and Bankers Invited Foreign Exchange Bought and Sold. Letters of Credit Issued September 12, 1914 Gi THE 1 &Y a 1 irara nauosiai Bank ItlCHAltl) I.. Al'fiTlV. rrrlilfnt JOSKm 1,V1XK, ait.. Mre-I'-rklUent T. 11. W1EUEHSIIKIM. Vtce-I'rr. uml ('miller tll.s 31. AsllTON, At. Cashier I)Ilti:CTt)ltH I'ranrU II, Ite, Chulnnuii at the Ilouril Illchurd J.. Auttln Ituljerl Tolanil l'runrU It Ite.u'. ,Tr, Duntel llauxli Um. Nmltiiia Kljr in. . IruI.r. ,lr. (irurxfi i:. liartnl 3lurrU I.. Cluthlrr l.i-i.rcr I) Itux-neurtrn Itoilmun f. (irl.com John (irlbliel (lurnin M. (lark J. .Mauran Kltudi'K tivurk'e .Mtl'uildeu Iluratlii i. 1 latil W. Frederick Mi) ilvr Jnrpli Wu.ine, .Ir. RESOURCES Loans and Investments $30,915,150.19 Bonds to Secure Circulation 2,994,000.00 Clearing House Loan Certificates 190,000.00 Exchange for Clearing House 986,711.22 Due from Banks 7,211,598.10 Cash and Reserve ,.,.,,,.., 7,634,344.93 $49,931,804.44 LIABILITIES Capital ,..,.., $2,000,000.00 Surplus and Net Profits, ,.,,.,,... 5,037,114.31 Circulation ,,,,,,,,,. 2,183,200.00 Bills Payable t , , , 500,000.00 Deposits ,.,..,, 40,211,490.13 $49,931,804.44 basket, 'Oc.Oitl par, nearer. T ', Hattlett, No. 1, 3.B0' do.. No. 2. 2.T6(il 3.U5; Clappa Favorite, No. 1, $8.G0tJ5! do., No, 2, I2.7B03.25; other varieties,, 3i frrapea, Konthern Delaware, per carrier, Oi 7Co. j grapce, Concord, per crale, 40(300c.i plum, per 8.1b. basket. 2025c. ; cantaloupe, Colorado, per erale, tiai.r0; do., do., nata, 40(3!7oc j do., Maryland, per erate, 2SWo. i watermelon. Bouthern, per car, 50(aiOO( do., Jersey, per 10U, 8(31o. GRAIN AND FLOUR WIinAT nerelpla, 107,842 buthele. There was an unsettled reellni-, but no quotable change, reporters showed little Interest. Car lots, In export elevator. No 2 red, spot and B-ptember, Jl.O-ffl 10; No. 2 red .Western, I0'ffl 14: No. 1 Northern Ouluth 1 2IWl,2fl. . COllN neeelpls, 17,428 bushels. Dull and 2e. lower under Increased pressure to sell Car lots for local trade, as to location, No. 2 yellow. SOWSOWe steamer yellow, 85'4flWc. OATR Itecelpts. 120,7015 bushels. Demand llcht and prices 2'ic lower with more liberal ofTerlnns. No. 2 white, il24T.2'io. ; standard white, r,mnr.2e No. 3 white. B18l'4o rr.OUR necelpts, 8S5 bbts., 047,120 lbs. In arks. The market dull and weak under general preeure to soil. Winter, rlenr, $1 ;S qfi, do., stralnht, JS.2B; do., patent, B.40 ISO, Kansas, straight, Jute sarks. IS.25'?S. IR: do, patent, Jute sacks, $3riWJB,71i eprlnit, drat clear. KQr,.2'. do., straight, Si.2Mti.fiO; do , patent, iS.OOffOj do., favorite brands, 0.2 7B, city mllW. choice and faney patent, (! 210.7Si do., regular rrades Winter, clear, $4 7M!, do., atralght, IBSB.BO, do., patent, -.,. V)Hrt. 1IV1" FT.OClt Qnlet and barely steady, at 5WC M per bbl , In wood GRAIN TO MOVE FASTER British Ship's Arrival May Mark End of Stfifrnntlon. With tho arrival here yesterday of the) British steamship Ventmoor, from Nor folk In ballast, to load a full cargo of grain, shipping men believe tho stagna tion of grain exportation Is at nn end. Two other vosscls, the Lund nnd the f"urlchmoor, aro nlso under charter to lond full cargoes of the product for thn United Kingdom or France, nnd an In creasing demand Is making Itself felt ln the charter market for similar contracts. The Danish steamships, Kronhors. Uranlenborg, Skjoldborg, Dansborg and Hsron. and the British steamship Mo zart, are now lying at anchor off the Delaware Breakwater awaiting orders, nnd It Is expected that some or all of these vessels will bo sent here to carry out some of tho grain. CHICAGO GRAIN PRICES Quotations for Cereals find Provi sions and Fluctuations. CHICAGO, flept. IS. The; quotations for grain and provisions today were! Leading futures ranged as follows! Wheal- Open. ltlth. Low. close September 1.02V4 J.JbU 1.02H l.Ofl December l.7, LOTH 1.08 1.00 May 1.13U 1.16 l.M 1.1814 Be&er:..'-'' 7B TO JW Oats .. ... September ........ 45, 48 4S t' December 471 484 47H My May WW MH BOH - Lard . , fieptcmber ........ 'i October B.25 0.27 0.2B P.2. January .... B.87 B.02 0.8B 0... lllbs- ,, h. October .......... ..... .ii .i'ii ;.",! January 10.70 10.70 10,70 10.CI January 20.40 20 40 20.40 20.2B tAsked. OBEAT INCREASE OF IMPORTS Trade Boomed Month Before War, Report Shows. Enormous Increases In Imports of ho slory, knit goods, automobile, silk manu factures, cloth, carpels, dress goods nnd wearing apparel for July of this year, tho last month bpfore tho commerce was Interrupted by the European war, as compared to July, 1913, are shown In a report by C. H. Brown, chairman of tho Hosiery Manufacturers' Legislative Com mittee. Hosiery showed a gain of 46 per cent, other knit goods, 51 20 per cent., Class 1 wool 7.31 per cent , and articles classed ns manufactures of wool 13.30 per cent. Tho July gain for 200 products used by Mr. Brown to show the effect of the Un derwood tariff was per cent. ThlB Is the heaviest Increase for any month sine tho Underwood bill became effective. ENGLISH CONSOLS HIGHER ConBots nre strong today at CSi, an advance of Vi on tho war news. Gold shares are firmer. The Bank of England placed 1,000,000 Metropolitan Water Board bills for six months at nn avprage of 3 6-32 per cent. It Is expected that a special effort will bo made to achieve a spectacular result ln the 15.000,000 Treasury bill operation tomorrow, because It comes nt the same tlmo as Germany's first war borrowing. Fourth Street National Bank Philadelphia, September 12, 1914. RESOURCES Loans and Disct-tints $35,258,438.05 Customers' Liability under Letters of Credit 926,959.49 Due from Banks 7,486,494.71 Exchanges for Clearing House 1,164,798.47 Clearing House Loan Certificates 190,000.00 Cash and Reserve 10,074,988.35 $55,101,679.07 LIABILITIES Capital Stock $3,000,000.00 Surplus and Net Profits 6,880,512.96 Circulation ' 500,000.00 Letters of Credit 926,959.49 Deposits 43,794,206u2 $55,101,679.07 ACCOUNTS OP MERCHANTS. CORPORATIONS AND OTHERS SOLICITED TOREIGN EXCHANGE IIOCGIIT AND MILD. LETTERS OF CREDIT ISSUED. E. F. SHANIIACKER. President. JAMES HAY, Vice-President. V. A. BULKLEV. Asst. Cashier. 1". G. ROGERS, Vice-President. W. K. HARDT, Asst. Cashier. R. J. CLARK. Cashier. C. T. SHAW, Jr., Asst. Cashier. numerous SIDNEY F. TYLER. Chairman. RI'DtT.PH ELLIS FRANCIS I GOWHN ISAM' H. ''LOTIIIEU C. k W PACKARD E P. SUANUACKER JAMES HAY "RANK T. PATTERSON CHARLES I t'RAGIN WILLIAM A. DICK UrFINfillAM H MORRIS " R. NICHOLSON JAMES M. WILLCQX T. i" du PONT E. W. CLARK T1MMAS S GATES W ILLIAM de KI1AFFT FRANK G. ROGERS FRANKLIN NATIONAL BANK , Broad and Chestnut Streets Philadelphia, September 12, 1914. RESOURCES Loans and Discounts $25,797,100.52 Due from Banks 4,539,643.53 Cash and Reserve 7,646,812.82 Exchanges for Clearing House 613,984.16 Clearing House Loan Certificates on Hand 945,000.00 $39,542,541.03 LIABILITIES Capital $1,000,000.00 Surplus and Net Profits 3,309,206.07 Circulation 919,400.00 Deposits 33 3J3 934,95 Clearing House Loan Certificates Outstanding. ... lio0oo0o!o0 $395427541.03 .1. K. McALI.I-TEH, President. J. A. HARRIS, Jr.. Vice PrclJent. j. WM. II RI1T. Aut Cashier, E. V. 1'A.MORK. " lc President Cashier. J. O. i-KANKLAWI. A(. Cshler K. E. blllKLDS Asst. Cn.hler. Samuel T. ltnrilne 1 humus De Wilt tujler Grume II. 1'ruiler Ki!urd II. Smith llilir) Tutnall .1. Kutht-r'iird MrMllstrr IrrderliW L. Daily DIRECTORS Elllnslinm II. Morris Manl T. Mol-turr K,.,.cr.c- "Iudrlru r.llw Pilar) Patamore J. Andrew llarri-, Jr. J. llamnton llurnrs Morris I Clothier C. S. "V. I'srUard t Imrlluii "mrna.ll . W. Att.-rliurr Ldgar '. Frllou Ruder! C. Drujrlan llu.lulpli i;uu FOREIGN EXCHANGE IN ALL ITS BRANCHES 60tc ytdL&wl Philadelphia, September 12, 19H. DIRECTORS T ttlstar Ilrnwn GrurKH lluruhuin, Jr. Ml!lain Wuud John I'ltcalrn Charles II. Hmllh llrur . Illddla Churles "t hrrlrr Hilllum T. Elliott IlKiOUHCKS. Loans awl Investments... $J5,l07455.o Capital Exchanges for Clearing llouso Put from Uanks and 1 Linkers Cash and Reserve Charles E. Inrrol ('l)inrr llruuLe .. A. .luckiiun Humuel M. Curuen I.IAIIILITIKS. Surplus anil ITndlvtda',! 263 so' 37 I'ronta (earned) ztj,-u..3T cireutatlon ... 3l,otii,oi:i.S3! r un ;lZr,,",,l W"-LIM V. CONRAD. Aut.Chlcr. WILLIAM POST, Cshler. ANTRIM Hl jo.NES. 2d Aisl. C.ihlcr Jl.CWO.ftW.OO 3.673.484.3 397,TS.C4 J",S19.SS7.ST l,(X)l,013i! ''I SHI 5 J-jjj.f !1 I I m. ;fi : :. it Jft'i CI uma
Significant historical Pennsylvania newspapers