Evening public ledger. (Philadelphia [Pa.]) 1914-1942, September 15, 1914, Sports Extra, Page 13, Image 13
ffi(,ip''iiQ EVENING LEDGBB-PHICAPELPHIA, TTJESPAY, SEPTBMBBB 15, 1914- 13 INVESTORS SHOW A DESIRE TO RELIEVE FINANCIAL TENSION 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 the Inquiries. 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 had expected, 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 tthpr Industries. FINANCIAL NOTES 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 Mv.. "'VIDKMIS. nff&C:L.. " . " "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 Treasurer. 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 lines. 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. 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 trains annulled. 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 electric trains. 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 pension roll. 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. RAILROAD EARNINGS 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 $217,677. Midland Valley. July gross, $123,630, de crease $13,307; two months' gross, $251,279, decrease $23,313, 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. PENIM NATIONAL BANK rornpi roller's Call. Sept. 12, 1014. ASSETS t Immediately Available; I'.ieb and Retena $l.!OD,fl.',0.5t t'het'ks for rlearlnsK llO.S'sO.lt Duu fiom t'orrrapoml enu 4H.380.Bl $1,860,920.49 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 U'ar) 200.000.00 Oilmr Honds & Invest ment 600,128 81 $4,229,863.32 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 $8,303,917.39 LIABILITIES 1 ,4,nr,lf M r'lreulatton . . ('tearing Houa tirU'utes . . . I'upltul Stock. . Surplus & 1'rotlt Cer S3..',.n.i.'ji.i -.i) 270.3OO 00 X.VI.OOO 00 noo.ooi, no 1,021.333 80 $8,303,917.39 Always Commercial 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 Country. 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 consideration. 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. baniFciTearings Clearing" t banks today compared with tho corresponding day for the lajt two jears follows: 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 STATEMENT Corn Exchange National Bank Philadelphia September 12, 1914 RESOURCES Loans it lnvestnients,?20.0U,942.87 Due from Banks 3,673,777.38 Clearing House Cer tificates 340,000.00 Clearing House Ex changes 665,701.61 Cash and Reserve.... 5,509.262.27 S30.200.G8i. 13 LIABILITIES Capital $1,000.00100 Surplus and Net Prof its (Earned) 2,016,102.25 Clearing House Cer tificates 1.285.000.00 Circulation 783,300.00 Deposits 25,116.281.88 S30.200.681. 13 NEWTON W. CORSON, Cashier. UNION TRACTION HOLDERS TO PROTEST TRANSIT PLAN Will Tnke Up Matter nt Annunl Meeting Tomorrow. 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 o'clock. LOW IRON PRICES CAUSE WAGE CUTS Mill Employes Will Feel Effect of Smaller Trade. 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, DIVIDENDS PASSED 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. EOBEIGN EXCHANGE 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. BAB SILVER 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 52 cents. 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. PHILADELPHIA MARKETS PROVISIONS 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, liylM2e. SUGAR 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. DAIRY PRODUCTS 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. POULTRY 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. VEGETABLES 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. $1 : cabbage, domestic, per ton. fl2T(14: celery. New lork, per bunch. 12.10c. ; mushrooms, per 4-lb. basket, 50c.3$l.fi0. DRIED FRUIT Apples more plentiful nnd bo rely steady. Other fruits sold fairly unl values generally well maintained. 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 - THE PHILADELPHIA NATIONAL SANK 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 2,10(),942.S0 n .. Individual ... .$33,143,433.63 Deposits: Banl 22,171,048.64 55,314,482.27 $65,703,153.21 LEVI I.. UUR, President. IjINCOLN oonrREY. HARRY J. keser, Vice President. Caphlor. HORACE FORTESCUE, WILLIAM .S MAPDOX, DAVID V. STEWART. Assistant Cashier, .sslstant Cashier. Asslstnnt Cashier. DIRECTORS 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. S." .Viflil. 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! 1 esteroay 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 I'O tit 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 Did. tAsked. GREAT INCREASE OF IMPORTS Trade Boomed Month Before War, Report Shows. 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 cent Fourth Street National Bank Philadelphia, September 12, 1914. RESOURCES 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 $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 43,794,206.62 $55,101,679.07 September 12, 1914 THE Girard National Bank ltiriIAICI l Al'STIN". .'resident JOSKPII 1UNK, .11... Ire-President T. K. IVlKllKltSUKIM. Uce-lTe. nnd Cu-liler Ul.t M. .IITO., .Use. Cashier luni.rTo.ts 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. 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 , . , , t $2,000,000.00 Surplus and Net Profits, 5,037,114.31 Circulation .... 2,183,200.00 Bills Payable ,,,,,....,,,,, 500,000.00 Deposits 40,211,490.13 $49,931,804.44 " . - ,- - , 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. nmccTons SIDNEY F TYLER, Chlrrr.an. RI'DULPH ELLIS FRANCIS I. GOU13N ItAA'- H. CLOTHIER C. S W PACKARD E F. SHAN BACKER JAMi:S HAY 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 FRANKLIN NATIONAL BANK Broad and Chestnut Streets 191-1. Philadelphia, September II 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 33,313,934.96 Clearing House Loan Certificates Outstanding. . . . 1,000,000.00 $39,542,541.03 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 llenrj Tutnull ,1. Iliitlierford MrAllMer Frederick I.. Rally DIRECTORS 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 Charlton Yarnall W. IV. Atterburr Kdtar O. Fellon Robert C. Drajtoa Rudulph Kills FOREIGN EXCHANGE IN ALL ITS BRANCHES G&rikaX, yZcdl&rwl Philadelphia, September 12, 18J4. DIRECTORS T VIUr Ilrown l.eorne tlurnlmin, Jr, William IVoud John I'ltlttlru Charles II. Smith llenrv Y. Illddle Charles Wheeler Wllllura T. EUlott Charles E. Infersoll t. Cljrmrr llrooke A. A. Jacksun Naniuel 31. Curneo Hi;SOUHCKS, LIAUII.ITIKS, 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 npolta 15.813.4S7.57 U. hdHKeU liuiufe Iue from ILinLvera i'uli and Keserve Clarlns Da Elks and .236.39l.76 tltlcattts M0.W9.W) 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. mam 'M -u