Newspaper Page Text
EVENING LEDGBB-PHICAPELPHIA, TTJESPAY, SEPTBMBBB 15, 1914-
INVESTORS SHOW A
DESIRE TO RELIEVE
i L.. U Rn.-
incouragea vy mc
Feeling Everywhere Ap
parent, They Display Con
firlfince bv More Active
Trading Prices Higher.
......i, biipppssos of the nltlcs In Eu
rope Me having a Rood effect on the Lon
don situation, finu mo uun .....
..... i. .nnni-enl In financial circles In
,h, metropolis Is belnif reflected hero to
t marked degree. Tho advance In Lng
.... .,. imlnv. the almost sensational
Ln. ." b'? ':. Jnuit"
rniived com nonce " -" ,.,
reneneu . ... securities
lln " ""' ,' rrnrtlnit nnd consentient
Srher nrlces In Wall strcot and on the
hlgner pn lhn( to tll0
ifcrtter feeling which Is apparent In near
?c"..' ii ii Mni9 nriil to a renewal
of confidence In the ability of American
(Inane era to buciij ."h -
unparalleled situation that 1ms for moro
i"p . ,nniii rmveoned the llnnnclal
markets of the wot d.
itrength and courage than Now York.
.' . i.,iia (mm txindon were received
here for the now C per cent. Now ork
eity noti-R riurnpenu niveau,. n miun
thai hlgh-clafs American securities nro
.. .i i.i nii'n. nml mn.nv con
larer ui.iu ."" .', .- .
tend that foreign liquidation would not
b heavy It tlio .New xorit oiuck. rx
changi' rropened next month
, iHj(nAMmi nt thn ntltiirin nf Invent
ors le shown In tin fact that thcro wero
more liliylns otuers in uio iotai iuiiikui
this afternoon than there has been for
. tim liVnm nhrnntl rnmn i-((tunt.q
for several types of American securities.
notably Staminrcl un, union i-acim; unci
Southern raclflc. London brokers made
Pennsylvania sold for 52: United States
Steel was quoted around 48, and nn order
for 100 shares at 19 could not ho filled.
-ua.a iL-n .'iptnnl nnlpn nf ITntrtn Trrtr-
1IICIU ),-, -
tlon at I11, t'nlti'd Gas Improvement at
8), Heading nt 70, Cambria Steel nt 4214.
Several rhlludelplila municipal bonds
channd lands at 101 'j and 102.
In the unlisted sccuiltles the special
...MmUtAA iinM-vl.qltit? t1ii trnlisfprs Hiin1.n
encouragingly of tho outlook, and nd-
tli.1 !,.., lnmrml fnt .InniiM rillrl ulnplfu
milieu iiiu. ......... .. .......... ...... ... ..
of this class Is more general than they
A better market exists In this city to
day than at any tltnu since tho Stock
Exchange closed. Committees which havo
been supervising Investment transfers In
hnth tlm list! nnrl Unlisted securities nx-
&jpres3 much satisfaction with tho turn of
arcairs. mere lias ueveiopcu n. oeuur uis
posltlon to trade on tha part of Investors,
and mnny (milters havo been ahlf to
materially reduce the amount of their
outstanding limns, mucn to tne gratifica
tion of the hanks. The latter huvo given
tho trf.lira prorv nlrl nnsslhln In thn lny
few weeks and there is no record of any
large tonus iihviiik ueon cuueu.
It Is generally admitted that the first
when the Stock Kxchango shall llnully
nn,n m,,u, t.n .4,,i nf ni.ll.ln.inn it
IH l.,,n,,n l. , tin anAll.l.ldn fon.ln.l t.. ,'l.....
i--j,ii,i.-'ku, j ,1. (,iu nvkuiuiva tiuuvu I,,, luciu
PS la 1.11, nt.r. ,-o,' In tl'Vllnl. ,l.lu An ,1.1m. nn
! "ft.- l'J , (t,ll( Villa 1.1,I1,,111.-1IVU
tlcnn be enrfiiraged, namely, by the ab
fffltencc of uiiiip. fsary antaBonlfctn by ofll
Mcials, imll'i i 1. 1.. and others and by the
jamnovni ,.i i.i, lotions tliat Have In tho
pasi ,rp'' i.'ii corporaiions irom con-
uucunK .1 "K-i'Pii-niiy prouiaoie ousiness
to remli 'i. 'r Rppnrltlpn nltrnptlvp in flip
lavlnss i-i the people.
Ilallro.ids need higher revenues to make
their securities thus nttractlvo as repre
senting successful business 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
.- .. , cucl n-u u itiuuiintjii uruers in ino
Iron nnd steel Industry, In turn activity
iu ue promptly communicatod to the
TlanklniT iiiutnro nnnii.. .,-. ... it
Celf. Cnnrlltlnnu nnil- rt.l,l n nnnnllnt t.lfl.
those 100 years ago, when this country
was fighting the AVar of 1812, On August
; . when the British wure investing
ashln'ton, there occurred tho first gen-
,Ml .aa,i m . . .......
..... invtiiiiu 01 DnnKors ever callea in tins
COUntrV SlinM.. r.n...n.... 1 1 l.
irended, and It becamo necessary to work
. an cmeiKvncy system ror the pay
ment of dally balances between tho banks.
'If J. Ptprnnn Mnn . nil... i -
. ,, i'w.. ...uiHrtii HUB (IIIVU fcU-
..', 1alJ tlle lM'ad ot ono nt 1'hlladel-
jws important banking houses today,
there would be no fear of heavy liquida
tion lit KAPlirltlr.U ... t-. .-,.,
il 14 . ,! ' r-unjji-mi iiuiuers,
wnicn, It Is believed, would follow the re
opening of the exchanges. Clmnces are
,' iTi. ? form a syndicate of American
capitalists to tak up a billion dollars'
worm of American securities now In for
eisn nam-. nnt-ntA.., n i, ,.
hurini 4 : """" " " mime vur a
fhl . ,,wo to thrfl0 vcnl"- He put
T,.r.. i l,"l,rai lUllloii-dollar Steel
Ik. l I.c.nl; tho Breatest financial work
lta2a '"" r.VPr...fcee. A"" h!!d have
w "" 'no present situation.
ni-necr really value n Kreat man until
buiie ironi us.
Slllnmfi.tln ntf ... .. .
toi. li, T ; i :nlnrac,t? con' 'n August
in ih ",J'" l"". against a.miu.DOO tons
'" the same nmnti, of in., ,...- ,"
se of U3.SI3 tons. ' '""
himl'1 ?',Nw England Hnllroad
of n h,; : ..' Ill.r 88M. tho amount
this ,,,,, snipped over Its lines
rtoviMhn ..hvery mon,h tl'la ar ' far
tlVh mpf,ammonth of ,913- n 'r tho
wl ith .03.653 for the whole of last
At th .- .
of the Fmn I .r.1ee,lnK of stockholders
pf S?.:Plr? Title nnd Trust Comnanv.
IUcOliT w.,. V"'hae, ummel nnd A. c.
rnn oi ir-e announcement of the
c'Ulo oil iu ,,," "" I'urcnases oi
indent aLol n"nP",, I,no' an ln-
-. .. ..a 4-uoiuinera niter.
M Pr cen, -V S f omPSny at about
' t ?m ,nenaPa lV' e'V'nB cmploy
& Un'toS u,conna- exports havo
r8 ton, ' aiul Blnce September 1
hiuf IVIDENDS DECLARED
i5K TtUptt ?' ."S?1;11 BPttmb.r l"
pwliti i , , I'ttyable October 1.', Iu
. " "1J.11UII.S
t.J Board or T.i,.-fptnih'r 14th. 1
K'i rt-u?, nrc.orl ha "'Is day d-
,' OctXS0s, ",h.".'. clear or tux,
ho?",.' tin .!," "J'l ". '0Pnoider ot
FORESEE T.RADE BOOM IN
LEATHER AND WOOLENS
Local Interests Lenrn Conditions In
England Are Favorable.
Leather nnd hlgh-grndo woolen cloth
manufacturers In this city may expand
their trado by taking advantage of con
ditions In England, according to advices
received by local Interests. Information
from London Is to tho effect that the
director of contracts for tho army re
ports n market In the Hrlllsh trndo for
chrome upper and heavy solo leather.
A man In close touch with the shoe
tradn declared that while this may bo n
good thing for one leather manufacturer,
It will mean nn Increase hero In the prlco
of shoes. A consul has advised that a
number of Kuropean commission mer
chants, who lind been selling German
shoo findings and leather manufactures,
expect to visit this country to got In
touch with leather men here.
Tho Information na to tho high grade
woolen cloth market also comes from an
American official. It Is to tho effect that
manufacturer!! who mako grades of this
cloth used In men's first-grade clothing
should be able to make good connections
In ICimlniid. It Is nl.qn set forth that a re
liable husliipss man desires to get In
touch with manufacturers here In theso
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
Tho winter passenger train schedulo of
tho Pennsylvania Railroad, which went
Into effect this morning, eliminates BO
trains. Five divisions aro affected. On
some divisions the runs have been ex
tended to compensate somowhat for tho
Comparatively few trains were taken
oft tho -Media Division, there 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, from Ifi to six.
"Virtually tho same schedule thut went
into effect on October 1, 11)13, on the
West Jersey and Seashore Uallroad be
come effective today, with the excep
tion that two trains wore withdrawn on
the steam road together with several
President T'ennslngton, of the Soo Line,
says that tho business of tho road Is
about the same as u year ugo. "The
grain i moving In volume," ho said, "and
we nro in line for a good tonnage. No
vember ought to bring out comparisons
that will be very Fatisfactory compared
with u year aso."
The Ttnltlmorc and Ohio Railroad has
nwhed Its employes to exercise more cure
In the hnndllng of cars and equipment,
owing to n steady Incrense in the loss
dun to destruction nf cars in accidents.
During the present year 1S31 cars vulued
nt I3.0,5SI were destroyed. This Is nn
lnercap over 1010 of ?53.47 per eont. in
number and 25t.5'J In valuation.
Without any support from the employes
of the company for whwo benefit It wns
established, the Pension Fund of the
Canadian Pacific Railroad has a balance
of Jl.flW.K1). There are 677 men on the
The gross Income of tho Chicago, Mil
waukee and St. Paul Railroad for tho
year ending June 3", I9U. wns J3O,0Sl,Cii,
against $31,523,542 last year. The balance,
after the deduction of Interest nnd rent
als and tho preferred dividend, was equal
to fi.3 per cent, on $lH,S,5,1Ci) common
stock, compared with S.62 per cent, earned
on $11G,31S,4IOO stock In tho previous year.
Tho surplus for tho year was 51,510,710,
ngalnst 11,223,213 In 1013.
Traffic Manager W. C. Mnxwell, of the
Wabash Railroad, announced today that
passenger fares between St. I.ouls and
Chicago will bo raised Jl on December 1,
and rntes from St. l.ouij to Now York
will bo raised 12.
Rpgular monthly meetings of tho three
Rending companies the Rending Com
pany, Philadelphia and Reading Railway
Company and tho Philadelphia and Read
ing Coul and Iron Company will bo re
sumed tomorro'v. Tho annunl reports
will be submitted and acted upon at these
meetings. This year ench company will
Issue Its own annual report.
Frank W. Rlnlr. receiver of tho Pere
Marquette Railroad, today tendered his
resignation to Federal Judge Tuttle, In
Detroit. Ho gave bb his reason that other
business demanded his attention.
Wabash Railroad, July gross, S2.G19.453,
decrease J8S.302; net, $739,801, Increase $13,
562. Chicago Great Western, first week Sep
tember. $275,155, decrease $15,781; from July
1, 2.C13.097, decrease $1C8,572.
Boston and Maine. July total operating
revenue. J1.222.9S6. decrease $117,622; net
operating revenue, $S,2,H5, decrease $212,
S2S: operating Income, $671,075, decrease
Midland Valley. July gross, $123,630, de
crease $13,307; two months' gross, $251,279,
nutlnnd Rnllroad.July operating revenue,
$30.i'0S, deerense $10,88. ; operating In
come. $18,312. d crease $27,309; from Janu
ary 1. operating revenue, $1,988,958, de
crease $72,578; operating Income, $242,609,
dt crease $8319.
rornpi roller's Call. Sept. 12, 1014.
I'.ieb and Retena $l.!OD,fl.',0.5t
t'het'ks for rlearlnsK llO.S'sO.lt
Duu fiom t'orrrapoml
Available Within 30 Days:
Otman.l l.oarm HDT.543.in
l.nann due In 30 days 1.141.270 03
I'lilled .Statca Honda
Oilmr Honds & Invest
ment 600,128 81
Other Loan & Discounts:
I)u within 1)0 day. . .$2.781, 021 no
Hue after 00 iuyu... l.OOtl.01121
HunkliiK Property 2l.o21 20
1 ,4,nr,lf M
r'lreulatton . .
tirU'utes . . .
I'upltul Stock. .
Surplus & 1'rotlt
M. O. 11.1 K Kit (miller.
SOUTH AMERICA IS
A PROMISING FIELD
FOR NEW UTILITIES
American Capitalists Plan
Invasion to Upbuild Won
derful Resources of That
Publlo utility operators In this country
aro turning their attention to South
Amorlca as n promising field for tho es
tablishment of new electric railway,
light, heat nnd power compnnles. Com
mercial nnd manufacturing Interests havo
already laid definite pinna for tho capture
of that country's Immense trade, nnd now
tho orRonlzciB of public service corpora
tions, backed by tho electrical supply
houses, nrc arranging to take advantage
ot a situation which tho Kuropean war
has brought about, nnd which promises
to open n big new Hold to American In
vestors. It Is logical to expect that, with tho res
toration of peaco In Europo, thoro will
como a demand for new capital with
which to repair tho damngu now being
dono by Invading armies. Naturally,
whatever capital may bo ln the hands of
Kuropenn flnnnclers at the eloso of tho
war, will bo needed for constructive de
velopment In their own particular coun
tries. This situation, unfortunate an It
may he, will be America's opportunity.
For mnny yenrs, utilities ln South
America have been financed almost cn
tlroly by Kuropenn capitalists. American
flnnnclers havo hnd their hands full at
tending to the wants of the public In this
country, which has upward of $3,000,000.
000 Invested In public servlco corpora
tions. The South American situation has
been nlmost entirely lost sight of, and It
was only recently, when exporters here
began a determined crusade to capturo
tho trado of the South America republics,
that this field as a possibility for the
development of utilities was given serious
The Held Is considered especially at
tractive because of tho mnny favorablo
concessions which mny bo hnd. Just
now the South American countries do not
represent any ndvnnced development In
tho line nf utilities. National resources
of the most Inviting character arc await
ing to be turned to practical use, and
they need only American brnlns, backed
by American capital to turn them Into
public service. That they will soon ob
tain this much needed nsslstnnce is np
parent, since It Is the plan of American
promoters to shortly lnvndo the field and
develop the great power possibilities that
have for decades gone to waste, because
of the Inck of sufficient enterprise.
In the moro prosperous countries, like
Brazil and Argentina', there has been a
marked development recently, Influenced
nlmost entirely by financial aid from
London, Brussels nnd Berlin. Particular
ly has Germany been making good prog
ress, becntiso of (he close connection be
tween Its money Interests nnd tho South
American Importers, who have been for
years In close afflllatlon with each other.
In the past, with foreign capital large
ly lntcrtsted, purchases of electrical sup
plies, whenover practical, were made
abroad. With American capital doing the
financing, however, tho American elec
trlcal concerns will, naturally, get tho
greater part of tho business.
Total trackage owned by the 12G0 street
nnd electric railways In t.ho United States
In 11)12, according to a census bulletin
just Issued, was 40,470 miles and 649 miles
leased. About one-half of theso compa
nies had their own power plant equip
ment. The total capitalization of the
operating compnnles wns $4,708,569,141, ot
which $2,3S4,314,513 was capital stock and
$2,324 223.G2S funded debt. These lines of
railways carried In that year 12,135,311,
710 passengers, ot whom 2,423,918.02-1 were
on transfers and 163,563,023 wero free.
Continental Gas and Electric Corpora
tion has acquired tho proportles formerly
controlled by Iowa-Nebraska Public
Service Company, which was placed In
the hands ot receivers something over n
year ago. The properties taken over are
Nebraska Gas and Electric Company nnd
Iowa Gas and Electric Company. The
transaction Involved $1,250,000. Funds
for the purchaso wore raised through the
salo of securities 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 tho Supremo Court of
Appeals of West Virginia, tho West Vir
ginia Public Service Commlsson has al
most unlimited power over rates and reg
ulntion of public service corporations op
erating in that state.
CHICAGO LIVE STOCK
CHICAGO. Sept. 15. HOGS Kecelpts.
13.W0, market steady: mlxe.t unit liutihcra,
$'5.::i.,(n.40 kckM and heavy. $fi.M)ftP..S;
ruuirli henvr. $sns.C3; llglit, s fl.Ytll. : idR.
SIV2.V.JS.H0; bulk. S 40fi0. C'ATTI.r:. Itecelpta,
7500: market slow, heaves, $7.40'ull; cowb und
heifer. $4Q(. 7.1: Blockers and feeders. $i.40,
H.2.1: Texan. $7..1f38.s0; calves. $n.n01il'.'.
Slinni. Itecelpts, 2).(.00: mnrket strong; na
ttvo anil Wuatern. $3,(0.15: lumha, $5,751(8.30.
Clearing" t banks today compared with tho
corresponding day for the lajt two jears
1011 101.1 1U12
Philadelphia. $2,l.4ltt.H2S $2S..12.ot7 $2).1ts.yiW
H'tiin. UM71.TM 2H.illS.srts .'SD.llli OT'i
New York 11.S 18,229 3!)1.4f0.027 .Tin.3.0..'l
ChlrilKo $.M.IUV(I22 $.17.K14.03n JM.702.nW
SM Iniuls. . 10,WT,.122 13.224.1... 12.045,231
September 12, 1914
Loans it lnvestnients,?20.0U,942.87
Due from Banks 3,673,777.38
Clearing House Cer
Clearing House Ex
Cash and Reserve.... 5,509.262.27
Surplus and Net Prof
its (Earned) 2,016,102.25
Clearing House Cer
NEWTON W. CORSON,
UNION TRACTION HOLDERS
TO PROTEST TRANSIT PLAN
Will Tnke Up Matter nt Annunl
Protests of stockholders ot thp Union
Traction Company against any plan
whereby the company would lend re
sources or credit to tho Philadelphia
Rapid Transit Company for the develop
ment of transit facilities In Philadel
phia, ln accordance with the plans of
Director of City Transit Taylor, will
ho presented at tho annual meetlnB of
the company, which will he held to
morrow mornlnir nt tho offices of the
Philadelphia Itapld Transit Company.
Tho protests, which havo been gath
ered by .Tames O. Unlfour and .tohn M.
FoBelsniiBor, since the announcement of
Director Taylor's plan, are Understood
to constitute a majority of tho total
outstanding shares of tho company. Mr.
Balfour would not kIvo the exact num
ber of shnres.
During the meeting the protests will
be presented and the stockholders will
probably be nsked to vote on them or
to report them to tho annual mentlnB of
the stockholders of tho Philadelphia
Itapld Transit Company, which takes
plnce a half hour nftor the t'nlon Trac
tion moctlnrr, th- latter being at 11
LOW IRON PRICES
CAUSE WAGE CUTS
Mill Employes Will Feel Effect of
PITTSntmaH. Sept. IB.-On tho aver
age, tho actual Felling prices of bar iron
ln July and August fell below the low
est level recorded In 16 years. Mill em
ployes will receive lower wnges for Sep
tember nnd October as a result.
At the bi-monthly examination of sales
sheets, conducted by tho Western Bar
Iron Association nnd the Amalgnmnted
Association of Iron, Steel nnd Tin
Workers, It wns found that sales of bar
by selected mills during July and August
avernRtsd 1.03 cents a pound. This re
duces the wage rate of ptuhllcrs for this
month and October to a 1.0.1 cent basns,
entitling them to a rate of 5.60 a ton for
boiling, n material reduction from tho
July nnd August basis,
Each dny brings news to the flnnnclnl
community of tho passing of dividends.
Today the Nov.-i Scotia Steel and Coal
Company passed dividends on Its pre
ferred stocks, nnd tho directors of the
Calumet nnd Arizona Mining Company
said that the dividends usually declared
this month will bo passed.
NEW YORK, Sept. 15.-Tho foreign ex
chnngo market opened dull but steady.
Tho market wns confined chiefly to ster
ling. Tho quotation for demand was $l.9S-
fil.OSU. Cable.", $l.99Uft4.0DU. The price
paid for marks was Hv. Paris cables
opened at $3.10 bid.
n.ir silver was quoted In lm,lnn today nt
2't 1.,-liM., a decline of 11-10.1. Commercial
bar silver In Now York Uroiipeil l'i cent to
ASK BOND EXTENSION
The American Malting Company is send
ing circulars to the holders of ?2.1fA0O0
of tho company's bonds outstanding, duo
December 10, 1914. asking them to consent
to an extension until June 1, 1017.
Dull nnd weaker. City beef. In ets. smoked
and air dried, alQne ; Western brof, In et,
smoked, ,)ti..12e.: rlty beef, knuckles na
tcntleri. smoked and Air dried, n.fj.lle.: W
ern beef, knucklci nnd tenders. Mnokwl. Mtt
34c; beef hr.m, 40(!711e.; P"rk. fmUy. 5W
S7 hnm. S. P. cured, loose. 10HimK.! 0j'
skinned, loose. I.V.fllile.. do., do.. '.' . . in
linc; other hnms smoked, cltv rured. nr to
brand and average. ISWIlle. : hnm, ,"l"k,i'
WV'tern cured, IWlOo.: do., boiled, J0"'"'1
2SOMC : picnic nhoulders, P. I'. cure, , looso,
'2S.12MC : do., nmoked. I4W14H".: be) lief. In
pickle, nccordlng to nvernKe, loose, iiiwiw.,
breakrant bncon. ns to htnnd nnd aicraBr. city
cured, 22-lc- breakfast bacon. W'r.n
cured. 22f,21c.: lard. Western. rened. Merces,
HWTllHc: do., do., do., tub.. ll'tsWIinjJ-..
lard Mire city, kettle rendered, In lr,rc1'"'!i4
fl12e.i lard, pure tlty, kettle rendered In mm,
ItnriNKI) firm, but nutet. , Standard
RTainilated. TROUT.!-!-.: nne granulated. '(
T.r.Oc: powdered, T .I.VfVT. We. : confectioners A.
T.iny i.lOc. ; soft grades, ll.45.I7.05c.
CIIEKSK Mttle trading nnd prices barely
Metdy. New Vnrk ruil-i ream, choice. 1M
lflt.e. i do., do. fair lo good, l.Villlilc i do.,
part sKimc. mim
HUTTK1I Itecelpts llsht and in""
firm with demand falr'y active. """,","
fresh, solH-pa'ked creamery, fancy . "P"-' ?':
.'14c; e-copllnnal lots higher; extra, .12,ll2'4e..
nxirn ilium, oic ; iirnir". -.'--ii a' ;" - :: '
2T'.i2V,c.; ladle packed. BlfliV . as to 'iual
),.. hMr1, ,.,tni. rntip.v n.,c.! do., aveing1
extra, .-lifl4c.: dn'., firsts. .Iirfci.e.; do... fef
onds. 2741.IK-. Pnecial fancy brands of prints
Jobbing nt .TOT41c. .
I.W1S Demand good and supplies well
cleaned up at full figures. In free cases, near
by oxtras, .lie. per doi.: nearby tlrstf. W-W
per standard case: nearby current receipt,
T...n7.o per slnndnril case; esi"rn '"'
firsts. JS.40 per case; do., firsts, IT.nOCi.SO I p-r
eaeo; do., seconds, ?n i:0ft.0 per case. Can
dled nnd recreated fresh eggs wero Jobbed out
at r.."'317c. per do., ns to ,uallty.
T.IVB The mnrket quiet with fairly
liberal offerings at former rates.
l'owls, choice, ITWIRe.: do., poor and thin.
lfi.MuHc; lid roosters, ll,fl2c: spring chick
ens, fine, largo. ITWlfc: do., medium slf.es, 15
flllk-.: ducks, old. l.lfillc.: do . spring. 14ff
ir,o. ; guineas, young, per pair. .iiiMISUc. ; uo.,
old., fine. ; pigeons, per pair. IfiWI-c.
IlKKSSm Fowls welt cleaned up at late
ndsance. t:hlcen quiet. Fine, heavy squabs
nrm. quotntlon: .,
Fresh-killed fowls. Western, per Ih , selected,
beiivv. 2l'4c: eitrn. SO'ie : average lerelpn.
4li lb. average. 18ffl!ic. : do., smaller
sizes. MWfiinV.: old roosters, dry .picked.
12H,c. : broiling chickens, nearby, weighing 1 '4
li.! lbs nplcce, lt.i.o.: do. fair to good. HI a
ISO.; chickens. West.rn. .Ttflc. lbs. nrd owir
nnlece, lttc do., do.. 2i:: lbs. nplecp, in
17r. firolllng chickens, Western, weighing 14
tQ2 lbs. I71I1HC; do., fair to , good. If.-10-..
soiiali-. per doz., white, weighing 11 M- "'"
per doj S4.1.-.ni.r,n. whlt. e gh ng. nwin
lbs. per dnx.. M9II.":,; white, weighing 8 lbs.
per dof... .2.25fi '-..V)j do., do., 7 lb. per dos;,
M.7.",Ti2: do., do.. r, to I'.'i lb per doi., ?l.-.,(l
1.50; dark nnd No. 2. fiOe.OM.lO.
Potatoes well cleaned up at full figures.
Other vegetables generally steady.
White potatoes, per bush.. Pennsylvania
choice. 7.'tr(i7.c. ; do., fair to good, i',.",OSc. ;
whltp potatoes. Jersey, per basket. inrif..0c.,
sweet potatoes, Rastern .Shore, per bb!.. N'n. 1,
S1.7r,(i2.n." ; No. 2. 7.1c if? ? I : sweet potatoes,
North Carolina, per Mil.. No. 1. $1.75ifJ2; No.
2, 7Cc.(i?$l ; swect, Jersey, per Mil., No. 1.
?2.rn3.'l; No. 2. $1.50(3:1.75: sweets. Jersey,
per basket. 50i iSOc. : onions, Western and Con
necticut, Valley, choice, per 100-lb. bag, S1.25,
onions, medium, per 100. lb. hag. $1 : cabbage,
domestic, per ton. fl2T(14: celery. New lork,
per bunch. 12.10c. ; mushrooms, per 4-lb.
Apples more plentiful nnd bo rely steady.
Other fruits sold fairly unl values generally
Apples, per Mil.. Virginia flravensteln. Ulush
and Summer Knmbn. $2.5iif!i.; other vnrletles,
l.r,0'ttl!.r,o ; npples. Dlnware. r.er hamper. .10
fflOOc. ; lemons, per box. J.lifM: pineapples, per
orate. Porto niro, 51.25(!Z:i.2.-,; Florida, flit
2.50; cranberries. Cape Cod. Early Hlack. per
Mil.. ?4.r0(!.r: cranberries. Capo Cod, Early
Illnck, per crate. $1.7.",W2; cranberries. Jer
sey, per crate, dnrk. 1.7.".r2.2r; light, SI'S
2.25; huckleberries, p-r t.. IdTSc. : peaches,
Virginia, per 20-lb. basket, 25(iT.5nc. ; do., do.,
per crate. 75c.ff J1.50; do . Delaware nnd
Maryland, per basket. 2575o. ; do., do., per
crate. 75c. lit $125: pearncs. Jersey, whlto. per
H-basket, 40c ia$l , do., do., yellow, pur -
Philadelphia, September 12, 1914.
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
Capital Stock $1,500,000.00
Surplus and Net Profits (Earned) 4,936.130.64
Circulation 1 ,842.597.50
Letters of Credit 2,10(),942.S0
n .. Individual ... .$33,143,433.63
Deposits: Banl 22,171,048.64 55,314,482.27
LEVI I.. UUR,
IjINCOLN oonrREY. HARRY J. keser,
Vice President. Caphlor.
HORACE FORTESCUE, WILLIAM .S MAPDOX, DAVID V. STEWART.
Assistant Cashier, .sslstant Cashier. Asslstnnt Cashier.
X. PARKER RHORTRIIHIE, Chairman of tho Board.
RICHARD ASHHURST. PEUCIVAL ROBERTS. Jr., SAMl'EL REA,
I.I.VCOI.N' OODFRBY, HIIORtlK H. .McKADDEN. pip rill !' 45 ni'nfiVT
OEOllOE WOOD. EDWARD T. STOTESRl'RY. L.,'1, . .. "S. J, ,. ,X,
AI-ritED C. HARRISON'. EFFINC.HAM P. MORRIS, THOMAS S. dA TES.
LEVI U RUE. RA.VDAL MOROAX. ASA S. WIN'O.
GEOROE 11. FRAZIER, R. DALE HEXSO.V SAMfEL M. VAl'CLAIX.
Accounts of Mercantile Firms, Corporations, Banks and Bankers Invited
Foreign Exchange Bought and Sold, Letters of Credit Issued
Imnket, 10c.3li pearo, nearer, fr bbl
tliittlctt, Ko. 1, I8.C0JJB! do-. No- 2 2'5fl
3.25; Clnppn Favorite, No. 1, .1.B0Bi do.,
No. 2, $2.7B(!J3.2S; othr vnrlftles, 2f5j
Ktnptu, fiouthorn UelawotM, per carrljr, 40
","c. ; rrapes, concord, per ornt, 40looe. ,
Plum, per S-lli. .ii9kt, 20(f2Bc. i eanttiloupet,
Cnlormlo. per crftle, 1i31.60j do., do.. nat,
lOipTOc: do., .Maryland, pr crate, 2r,aooc.
wfttermelonn, Southern, per car, 00100i do.,
Jersey, per 100, SSCilfi,
GKAIN AND FLOUR
H1IKAT Iteeelptii, 10T.842 bueheln. There
n nn unsettled feellnir, but no nuotable
channe. Eximrterii showed little Interest. Car
lots, In export elevator, No 2 red, snot and
Heptemher, 11.0.01 10: No. 2 red Western,
Jl.li.HM. 14. No. 1 Northern Puluth. 1.2Ifll.2fl.
COItN rterelpls. 17.42S bushels. Dull anil
2e. lower under Increased pressure to sell,
f'nr lot for local trade, as to location. No. 2
yellow, sotrnniir steamer vellow, 8.,4'le.
f),TS nerelpts. 120.705 bushels. Demand
lluht and prices 2,$r lower with more llliernl
nflerlnKS. No. 2 white. MiM'SiC. ; standard
while. ,-.t5fr,2 ; No. It white. Blfimc
Kf.OItlU- necelpts. 8I5B bbls., D47.120 lbs.
In sacks. The market dull nnd weak under
rjencral pressure to sell. Winter, clear, Jl.io
do. patent, S5.flO.i4,: do., favorite lirands,
Sil.S.Wil.71.: city mills, choice nnd fancy patent.
sn.2.t)il.Ti,; do., reitular trades Winter, clear,
.l 7.V(,-,; dn., i-tralKht. SBWB.B'): do., patent.
KVn rr.OVIt quiet nnd harely steady,
at rit.,.,VI per hlil.. In wood
GRAIN TO MOVE FASTER
British Ship's Arrival May Mark
End of Stagnation.
With the arrival here yesterday of tho
Prltlsh Btenmshlp Vntitmoor, from Nor
folk In hnllast, to lond n. full cargo of
grain, nhlpplnf? men believe the stafjna
tlon of grain exportation Is at an end.
Two other vessels, the Lundy nnd the
Ztirlohmoor, aro also under charter to
load full carftocs of the product for tho
United Kingdom or France, and nn In
creasing demand Is making Itself felt In
the charter market for similar contracts.
Tho Dnnlsh steamships, Kronborg,
Uranlennorg. Skjoldborg, Dnnsborg and
Esron. nnd the British steamship Mo
zart, aro now lying at anchor off the
Delaware Breakwater awaiting orders,
nnd It Is expected that some or nil of
theso vessels will ho sent here to carry
out some of the grain.
CHICAGO GRAIN PRICES
Quotations tor Cereals nnd Provi
sions and fluctuations,
ClUCAOO, flept. IB. The quotations tor
grain and provisions today wera:
Leading futures ranged as follow!
Wheat- close. Open. Hlah, lw, elo.
September .. 1.04J4 l.()214 J.04J1 1.00 1.64
December ..M.OTS 1.07 .07i J j.W
May 1.14,. 1.1RH 1.1B l.'"U 1.11H
Pe'pUm'ber .. '7(, 7BH 70J4 7B 7J1
flcV-UnTber .. WM 4S W i tJ4
Reptfrnber ..17.00 '17. M7.M 17.W) I7.7S
January ....20.02 20.40 S0.02 20.20 20.15
iJiobeT (27 0.2S 0.87 n.17 0.1S
January ....9.B2 P.N7 P2 O.M P.82
OclobeVr'h."Tll.32 U.S2 11.32 lt.M 11.85
January ....10.77 10.77 10.77 10.02 10.70
GREAT INCREASE OF IMPORTS
Trade Boomed Month Before War,
Enormous Increases ln Imports of ho
siery, knit goods, nutomoblles, silk manu
factures, cloth, carpets, dress goods and
wearing npparcl for July of this year,
tho Inst month before tho commerce, wns
Interrupted by the Kuropenn war, as
compared to July. 1B13. Are shown ln a.
report by C. H. Drown, chairman of tho
Hosiery Manufacturers Legislative Com
mittee. Hosiery showed a gain of 4C per cent.,
other knit goods, 21.20 per cent, Class
1 wool 7.31 per cent, nnd articles classed
ns manufactures of wool 18.30 per cent.
The July gain for 200 productn used by
Mr. Brown to show the effect of tho Un
derwood tariff was 96 per cent. This Is
the heaviest Increase for any month sines
the Underwood bill became effective.
SOO INCREASES CAPITAL
MINNEAPOLIS, Minn, Sept. 15. Th
800 line raised Its capital stock from
J21.00O.000 to JG3.000.000 at Its nnnual meet
ing today. O. C. Wyman, of Minneapolis,
was elected to the board of directors to
succeed tho late C. H. Pettlt.
ENGLISH CONSOLS HIGHER
Consols -aro strong today nt 68U. an
advance of H on the war news. Gold
shnres aro firmer.
Tho Dank of England placed 1,000,009
Metropolian Water Board bills for six
months at an average ot 3 5-32 per
Philadelphia, September 12, 1914.
Loans and Discounts $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
Capital Stock $3,000,000.00
Surplus and Net Profits 6,880,512.96
Letters of Credit 926,959.49
September 12, 1914
ltiriIAICI l Al'STIN". .'resident JOSKPII 1UNK, .11... Ire-President
T. K. IVlKllKltSUKIM. Uce-lTe. nnd Cu-liler
Ul.t M. .IITO., .Use. Cashier
I'runcls II. Ileevrn, Chairman nf the. Hoard
Itlrharil I.. Austin Itnhert Tolanil IraiirU II. trete. Jr.
Daniel Hauuti Um. NrwbiiM Kly iVin. V. Iriuler. Jr.
(eorga K. llurtol Morrln I.. Clothier tieurxe I). Ileiin urlen
Itoilumn I.. (irUrnin .liihn (.rlhlul Clurentv M. Clark
J. Mtturan KhmteH tieorxo Mvl'udden llurutlo (i. IIu,l
IV. rrederlek Snider .luieiih Wune, ,)r.
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
Capital , . , , t $2,000,000.00
Surplus and Net Profits, 5,037,114.31
Circulation .... 2,183,200.00
Bills Payable ,,,,,....,,,,, 500,000.00
" . - ,- - , i J..,
.CCOCNT8 OF MERCHANTS. COItrOHATIONS AND OTHERS SOLICITED
I'OHEIGN EXCIIANCE UOL'GHT AND HOLD. LETTEUS OF CREDIT ISSUED.
E. T. SHANDACUER, Prel1ent.
JAMES HAY, Vice-President. W. A. nULKLEY, Aunt. Chler.
I. O. KOOERS, VIce-Preoldent. W. K. HARDT, Aeet Cnhler.
R. J. CLARK, Caithler. C. F. fill AW, Jr.. Aast. Cashier.
SIDNEY F TYLER, Chlrrr.an.
FRANCIS I. GOU13N
ItAA'- H. CLOTHIER
C. S W PACKARD
E F. SHAN BACKER
FRANK T. PATTERSON
CHARLES I. CRAOIN
WILLIAM A. DICK
EFFINCHAM H. MORRIS
R'. R. NICHOLSON
JAMES M. WILLCOX
T. C. du PONT
E. W. CLARK
THOMAS S. GATES
WILLIAM de KRAFFT
FRANK G. ROGERS
Broad and Chestnut Streets
Philadelphia, September II
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
Surplus and Net Profits 3,309,206.07
Clearing House Loan Certificates Outstanding. . . . 1,000,000.00
J. R, McAI.USTI.it, President.
J. A. HARRIS;. Jr.. Vice Preldent. j. UM. HARDT. .Ut. Ca.hler.
K. P. PASS.MOKE. Vice President Coshler. J. c. FUANKLAND. Ant. Ca.bler.
E. E. SHIELDS, A.iL Cashier.
Samuel T. Undine
'lliuniu De Witt Cujler
GerKt II. Frailer
Filiiard II. SmltU
,1. Iliitlierford MrAllMer
Frederick I.. Rally
Elllngham n. Mnrrls
Kilvtard T. Stutesburr
l!r.r.c' - Madeira
hills Pu7 Pasumors
,1. Andrens Harris. Jr.
J. Humpton Harries
Morris I. Clothier
C. H. y. Packard
W. IV. Atterburr
Kdtar O. Fellon
Robert C. Drajtoa
FOREIGN EXCHANGE IN ALL ITS BRANCHES
Philadelphia, September 12, 18J4.
T VIUr Ilrown
l.eorne tlurnlmin, Jr,
Charles II. Smith
llenrv Y. Illddle
Wllllura T. EUlott
Charles E. Infersoll
t. Cljrmrr llrooke
A. A. Jacksun
Naniuel 31. Curneo
Unmis and Investments. . .U5.10T.155.29 ' Capital 11.W0.W9.M
ior i.;jarinK i --mo mm utmiviuau
263.802.37 , r.,tlVi W UarnIJ 3.67MM.M
'' Circulation lt7.7&0.M
i'uli and Keserve
3l.04XJ,(M3J.3 31 .000,04X83
WILLIAM T. ELLIOTT. Pre.ldeol. WILLIAM V cnNBAn 1..1 r..hi
ANTRIM II. JONES. 2d Aul. Cuhler
WILLIAM POST. Cghltr.