lUVB'NlftG LEP&EBPmAPflEPglA, THURSDAY, SEPTEMBER 17, 1914.
r - - -- ' . ., , , i i . .
g
DIVIDEND IS DEFERRED
ON HARVESTER COMMON
Company Assigns Bad Business, Due
to War, ns Cause.
After the meeting of ellrectois of the
international Harvester Company In New
ork today, nl which It woe decided to
pass the dividend on thr common Mode,
duo nt this time, the following announce
ment was made by Crus It. McCormlck,
president'
"As a result of the Ktliopcan war, the
business of this corporation In tlfe com-
iii s coll"'rlefl Is almost at a stand
still. Thus far no icport of any damage
tp the plant or properties has been re
eelved. From recent advices i hollrve
Brokers in Sydney, Australia,
Will Resume Next Mon
day London Discussing
Riimnhnn and NeW York . corporntloirn 4ossos In the countries
Awaits Its Decision.
THREE-CENT FARE
ABOLITION VICTORY
FOR UTILITIES MEN
Firit news since the beginnings of the
European war of a resumption of stock
trjdlnt, at nn of lho ""Poitniit centres
Jiere tbe Exchanges were closed came
.wt. from Sidney, Australia. It an-
. i - i. rJtnt t fvnhnniia thai I
MJncea in . '"-"1 ",."...,'' "
-HI be otnciaiij ui""-" nui. "iiun).
Tkl ahnuuncement natural! Increases
,h, feeiinp of Lontldenco everywhere ap
unnt tha' mires are on the mend and
ihit the niMiiclnl world la neater a sen
Tn resumption of business todaj than
it my time since the end of Julj, when
U,e Exchanges closed.
In London today foreign Exchange
t'ltken met for their first session since
.i. r besnn While thele was no
Justness of ftnv material Importance
traniacted, the session Indicated that
,vry aid I being given the Government
hlM effort o expedite foreign exchange.
Another favorable sign Is the announce
went of repc.ited conferences being held
i. the Metiopolln between representatives
of the. Government banks and the London
Stock Exchange Committee, concerning
Ue reopening of the exchange.
New York will take no action on the
reopening proposition until after London
hjl taken me initiative, unci rimmiei-
phl H1, or course, no Homing aionif
this line until after New York has oftl-
dally acted
Washington oroKcrs sec sucn a gen
,ril improvement In tho situation that
they hive alteady hnd several meetings
10 discuss the advisability of reopening
It vvas finally decided, however, to tako
ne action until the Now York situation
til been cleared
, Brokers In New York say It Is ex
ttemely probable thtit tho reopening,
rhen It comes, will cntlielv confound
ll' prophets More than likely the ob
itacles which are In the way of a re-
romptlon of business will appear ns for
nldablc as ever until the efforts being
jiade to overcome thm shall have been
wccessful, and the rolling away of tho
clouds will be brought about almost n.s
luddenly and unexpectedly as they arose.
NEW YORK LOAN OFFniMNG
feared, but the situation In Europe makps
It practlcalh Impossible to collect, at the
present time, a largo portion or tho
moneys clue us there.
"The volume of business secured to
date would, under normal conditions, pro
vide profits In exress of alt the usual
dividend requirements for the vear, but
In view nf the existing European condi
tions, the directors feel it would be un
wise now to declnrp n. dividend on the
common stoc1 ltlon."
Public offering wns made today of the
jew llOOOTO.ono 6 per cent, note loan
tefotlatcd Inst week. Just how much of
It will bc alloted to Individual Investors,
ts not known, since there Is no Indication
of the amount taken by tha syndicate of
127 iciv lork banks and trim companies
The bonds and notes are being offered nt
par and accrued Interest. They bear Inter
dt at 6 per cent a vear, pavable March
and Spttmber and are issued In coupon
and reslstered forms In denominations of
P$, llimn. vmo and HO.noo. Thei will ma
ture as follows $57,010,00 f. per cent, cor
'corate stock notes due September 1, 1915,
lU.WfvW 6 per cent, revenue bonds duo
Eeptember 1 1916, $25,000,000 6 per cent.
revenue bond due September 1, 1917.
when the list payment was made yes
terday afternoon by New York financial
GRAIN PRICES UNDER
YESTERDAY'S CLOSE
AS MARKET OPENS
Traders Play for Reaction,
Believing Upturn Was Too
Sharp European Soil in
Shape for Planting.
U. S. Court Ruling Declar
ing It Confiscatory Ends
One of Most Remarkable
Traction Fights Country
Ever Saw.
MILLIONS SPENT BY
READING TO REMOVE
. GRADE CROSSINGS
ferrtr! dividend, eomp.ted with 17.R? per 'cent,
oil n net corporate Income In 101.1 of HMnn.RM
for three companies after deducting preferred
dividends.
HKAblNO ItAlMVAV COMPANY.
fnia.n lo''i?..
Heeolpts M7.12VUO V,WI.7 IT
Expenses 3I.7IO.20S :w.rH7..14"
Financial and commercial situation at home and abroad-market reports
NEWS COMES TODAY'
OF THE FIRST STOCK
'CHANGE REOPENING
PHILADELPHIA MARKETS
Ninth Street Elevations Com
pleted Holding Company
Surplus Equals 12.17 Per
Cent on Its $70,000,000
Common Stock.
CHICAGO, Sept. li.-On tho theory" that
yesterday's upturn In wheal was too
slmip, tiaders played for n tenrtlon to
day and the market started onc-iiiarter
lower nl 1 tl'4 for December and 1.19 to
l.lSlfe for May. There vv.ii rather free
selling -hv brokers. ' The commission
cnll at the recession was fair.
The receipts of wheat nt Mlnneatiolls
mid Puluth today woio l.fcS3 cais, against
9D0 curs a enr ago, at Winnipeg 126 1
cars against 1,049 cars, nt Chicago 314
cais ngulnst M cars. It Is estimated that
the men of winter wheat In the am plus
States will exceed that of last car" by
ten per cent.
Tiado In corn was light. December
opened oft c, nt 72Hc, to aic, and
May unchnnged at "S'ic to 74c. There
was somp realizing. The country Is not
selling The "price current" has received
reports Indicating n total corn crop for
the I'nlted Stntes this jear of approxl
matcl) 2,600.000.000 bushels, against 2,
59'' 000,000 bushels forecast in tho Sep
tember report of the Government. The
receipts of corn here today were 103 cars.
Prices In Argentina were firmer. It :b
expected that surplus of that country
will bc disposed of qulcklv.
Oats was easier on realizing. The de
mand was not so urgent. Most of the
bulls are waiting a further reaction be
fore Increasing their llnes There weie
no sales b the country to arrive. Ex
port business recently has been heavy.
The demand has come chiefly from the
continent, as the British markets ap
parently are well supplied fnr the pres
ent. The receipts of oats here today were
217 cais.
CHICAGO GRAIN PRICES
Quotations for Cereals and Provisions
nnd Fluctuations.
CHICAGO, Sept. 17 -The quotations for
Kraln nnd proilalnm wer
Lending futures minted as follows-
VflnrHn b
i, irriu- ijim'ii. Illffll
i.iijii 1 ns',
Low
I 07
CIon c!o(
l n;i. i n'i
l.im 1 ll'- ln'i 1 in i ll a.
Lin i lti l.ir, ! iin. lis-.
luiltutlons, the figures showed that about
WOO.CW had been paid by Hie banks and
trust companies In sterling exchange and
KfXfW In gold.
Some Inquiries were received here today
ly Investment bankers from Investors
imlous to take part of the noto and bond
e(Tlng It Is not likely, however, that
thr Mil be much of the offering ab
icrbtdljn this section. The notes and
bond!, exempt from taxation In New
York are subject to the four mills tax
In Pennsylvania, in tho enso of Indl
Tldual Investors. This hrlnira tho vll,l
inn to about SS per cent. The offerings Septemhei
re. nouever. exempt from Federal In- v. " r
I T. J" ' na? """ y0" Bince such I 'n men dellvorj)
nign grane onugatlon, backed by tho I Prntemher . 711 77Cj
muii ui .pw iorK Oltv, waB offereil on . I'eceniner
men an attract ve hnsls nml nna nf il,u . '?J
thl( reasons why Investors here may
not KH into the market ns extenslvelv
they Rould like. Is Hint illotrlhutlnn
lll probahlv begin In New York, where J,1'lZer
lrdv It Is understood, there has ben Oc on?r
a oversuhfcrlptlon January .. .10 17 in 17
BONDS IN GOOD DRMAND p,ViSSr ..11 no ll.v
LOcalll (hPTA ennilnima nlrl.. October . 110 M.O
trying In stocks, although within the J",'!"'i" " 1nR"- ,,,-s-'
wew aajs a falling off In transactions . j.p,,t.mh.i . i7i 17M 17M
" Men noted Demand for high-grade Januao 2Mio 20.00 20 ',0
tonda continues active under the elrcnrn- 'Hid tAfkeil
nances One large house hern sold $17.
' orth nf nnhlin iiitiv Bann,iMas 4i.tn
Jfiernoon. all of which represented an
"'fitment In a single issue-a gas prop-
"on I" West Virginia It put through
ISO ITOOfi RnlAQ nf finntl.n. till.. ..
a,.. -... ... uiK'uiri kviiiiv nrt'ur
Ry. COVPHni luihli. .,i
hth M Idle Wost .H"i.aiiii.. Kleclrle fltomg. Bat.ery Compan, reEular
.iuiii ! phi nuarterlv 1 i?r cent, on rnmmnn nn.i
ijas told this iifternoon of nnn locnl . iaahl October 1 to stock of record
Rj(u, ' ' "-n Ttri- Mini Film '
lf WaTh' V'lr' "Lc.,,ri!r" "? n ?" ..Amrl".an,n7.s a"' K' company, reitu-
After a strenuous fight which lasted
man)' months nnd which was watched
with unusual Interest In all pafts of the
country, the thtce-cent faro controversy
in Toledo, Ohio, has at last been settled.
Judge Killlts, in the United States Dis
trict Court of that city, has decided that
the city ordinance enforcing this rnte is
conllscnlory nnd he has oidered n tcturn
to the old rates. (He .cents for each pas
senger except during the morning nnd
evening nisli hours, when the rate shall
remain at tiuee cents.
Decision In tile enso was n victory fnr
public utility Intel ests While the fight
was on between the Toledo Hallway &
Light Company and the city authorities,
thcie developed a situation In Toledo
which his never had a parallel In thl
countr.v The compnn, after March 17,
when tho otdlnanco became effective,
declined to accept the three cents offered
by passengers- who boatded its cars, nnd
those who did not pinducc- the live cents
which tne company declared to be Its
icgular i ate, were permitted to ride free.
Thcio was no acceptance of tlnee cents
for o ride except during the rush hours.
Kor live months the company operated
Its cars undei thin legulatlon and Its
officers llgurcd that the losses Incident to
this arrangement nveiagcil H.OW a day.
i'et they would not retire fiom their
original position In the matter and they
detci mined to fight It out to the end.
They declared the principal of the lower
fure scheme to be all wrong and on the
giound that the securities of the company
weio being serldusly Impalied b the low
rates, they fought every move for en
foriemeM of the oidlnance.
Darl In the fight Henry h. Doherty.
head of the company, offered to permit
the city authorities to take over the car
s.vstem and operate It for a year to prov
that the low rotes of fare were unprofit
able. The city declined the offer, but It
submitted to the voters a proposition to
have the municipality buy the property
and operate it under u municipal owner
ship scheme. The voters, at n special
e'eetlon, agreed to tnls plan, but there
v as no provision for tho creation of a
bond Issuo with which to purchase the
property. .
Judge Killlts laid upnr the city authori
ties the bin den of proof to show that the
company's revenue, under the three-cent
fare ordinance, would pay Its operating
expenses and leave a suiplua of from
JSOn.OOO to JliXl.dOO a jear. Such proof was
rot produced. In his opinion.
Judge Killlts said that the city should
rave had, when It pnsscd the three-cent
fare ordinance, knowledge that Its term
were reasonable. Neither the city nor a
court has the right, ho said, to fix an
nrbltrnry rate of fare without the knowl
edge that such rate will pay ..pcrntlnn Int,sti tnx, c,e
The Philadelphia and Heading Hallway
Company spent I3o0,071 for tho elimination
of grade crossings In the fiscal year
which ended June 30, according to the
annual leport of the company, Just Is
sued, coveting operations for tho year. A
total of II31,M5 wns expended on account
ot additional main tracks. The sum spent
for grade crossing elimination was almost
wholly In tho elevation of the tracks in
Ninth stieet and on the Itlchmond
11 ranch.
Up to June 30, the company had spent
$5,162,668 on account of the Ninth street
elevation and 11,161,115 on nccount of
similar construction on the Itlchmond
Drnnch. These sums are exclusive of
what was jpent by the city under the
agreement foi the abolition of grdo
crossings. The elevation of the Ninth
street tmcks Is virtually completed. The
total nmount spent by the company In
the year for nddltlons nnd betterments
to the property wan $2,024,751, a decreaso
fiom the previous llscnl .vear of J366,77ii.
This ear separate reports are Issued
by the three Heading companies, the
Rending Company, the Philadelphia and
Rending Hallway Compnn nnd the Phil
adelphia and Reading Coal and Iron
Coinpan.v. Income account , of the Head
ing Company shows a surplus for the
year of 111,322,062, Including the amount
received by tho company In the distribu
tion of the assets of the Temple Iron
Company, under n decree of dissolution
by the United States District Court. This
surplus compared with a surplus of the
previous enr of JlO.eai.OTO. and Is equal
to 12.17 per cent, enrned on $70,000,000 com
mon stock after the dividends for the first
nnd second preferred HtockH have been
deducted. Last year 17 57 per cent, wns
earned on a net corporate Income of $15,
000,871 for the thiep compnnles.
The annual report of the Philadelphia
and Reading Coal and Iron Compnny for
the fiscal year ending June 30. 10H, shows
gross receipts of $32,703.iS2. compared vvlth
$10,083,063 in the previous year. Net oper
a'lng profit wns $818,367, compaied with
$3,780 018 In 1113. There was n balance or
$715,390 after the pnv ment of fixed charges,
compared with $1,130 592 In 1013 The heavy
decrease In earnings wns due principally
to the falling off In the sales of nnthra'
clte. The following tables show Income nr
counts of the Reading Company, the
holding corporation and the Rending Rail
wnv Compiny for 1013-1 i nnd 1012-11.
nKADI.Vf! COMPANY.
inu-li ini.n
Receipts $10,0.11 in $1,1,'hi7 I
l.xprners
Net Income from r
operation" .
Outsltlf operations net
Net Income
operations
Taxes ... .
Oreratlnu Income..
Oilier Income
from all
15, 110,101
ao'Miivi
1.', 7oo I2s
1 207. va
11,112,021
1.187.RH
20.01 ."1.170
411,4 11
2O,420.Bn
1..1O0.47S
n S20.4IJ'I
Deductions from Income. 8. mists
10.120120
1.210,741
Orp corporate Income
20.007,07 1
270,00.1
12 flOO.IOll
2..10I.W12
7.420 f!21
Additions and betterments 2 021,78.1
Net corporate Income .. $1.4018.18 $0,008,007
RAILROAD EARNINGS
BEAIJOAItl) AIR LINK.
11114
Flret week Bert $407 ijn
From .In y 1. . . . . 1 00 701
iit-1-FAt.o, nociinsTKrt and
nimctii
Second week Pent '2,.!7?'
From July 1 2.410.110
fjecrcnfre
$17 8H
200 014
HT1P-
$0.1UI
188 .18.1
102.140
lo-l in
WILMINGTON BOND ISSUE
IS ENTIRELY TAKEN UP
Sale of !?SO,000 Worth of Securities
Reflects Better Feeling,
In contrast to the demoralising condi
tions which hnve existed for the last
month In the municipal bond mnrkets of
the country, It wns announced this iifter
noon that the entire Issue of $50,000 worth
of 4'4 per cent, bonds Issued by tho mu
nicipality of Wilmington, Del , hnd been
entirely subscribed. When this samo loan
wns offered to public subscription last
Thursday thero wero no bids received.
Tho bonds wero sold over the counter at
par nnd were taken largely bv Wilming
ton Investors.
Hrokcrn aro awaiting with interest the
opening of bids September 2) for $77,208
20-payment special street Improvement
bonds of the city of Minneapolis
GRAIN AND FLOUR
WllflAT. Receipts, 1.1,5.17 bushclsi out
side mtilcr-g loner, but Ihls market ws nom
inally uni-hanged. vvlth little trading
car lots. In ejpnrt elevator So 2 red, spot
and September, $l 07fr1.12, No 2 red Western.
$1 Itfll.in. No. 1 Northern Diiliith. $1 2-lff
1.28
CORN. Receipts. 7013 bushels. , Trade
quiet with no Important change In prices i r
lots for local trno, lo lornllon No 2 v el
low 8708,14c , steamer jellow. 8iU4flS7r
HATS. Receipts. 4,1,110 bushels. Prlres
teadllv held, imt demand only moderate. .
2 white, illiiflMc . standard while, .MBM'de
No 1 while, r,2'4U.V)c.
. I'l.OI'K. necelpls 170'. barrels. 07.020
barrels In sacks Mill limits steadily heio hut
trade quiet. Winter
utralrht. Jlfl-, 21 An
sas, siraigiit. juie sarks, ' nrai - io . r"
$2 Kifll, medium, 1 501T2 .10; arples, IeUare.
per namper oUTfouc lemons.
i. ner hex. HH4
Pineapples, per crate, rorto nico, i Mt i :ni
lorlda, flfiS W. cranberries ("are Cod, Eatly
k per hbl , tl.nflfln; rrannerries: fane cm, .
v lllnrk. ner irate, tl.7102. cranberries.
Jersey, per crale, dark $t 7132.21. light, H
neachet.
Vlrglnli. per 20.i, basket. 2.1,aiVOe., do-, do ,
per crate, 7,1cfl$l ."(), do. Delaware and Mary
land, jier basket. 25fl70c . do, do. per. crate,
75c.fl 21. peaches, Pennajlvnnla. per basket,
lnre whit nr vcllotv il8ne medium 'iff
Me ; reaches .terse) white per -basket, 40e.
nl do dr. el!ow. per S-hasket 40c.fl$1j
pears, nrarbv per bhl nurtlelt. No I $100.
do . No 2. 2 7in.1 2.1 Clanp's Favnrlte, No 1,
11 .viffl do. No. 2 $2 7,111121. pears New
York Rerhet. per hbl $l1 other varieties,
$2f?.l; grape (Southern Delaware, per carrier.
annTOr nrflnee, Ponrord. ner rrate 10'fIOOe I
elear U 7.1n. do. Plums per -in raiKri uyih Hni,u,,in,
niienf ir. HvSn. Knii- i Colorado prr rrste iwi 'i-, no, no ran,
FINANCIAL NOTES
The pnsscnger trnfllc of the Interboro
Rapid Transit Compnny, of New York, In
the subway during the venr endlngNune
30 nmounted to 310,413,103, nn Increase of
12,9ll,n'l3, nccoidlng to dgtires complied by
the New York Public Service Commission,
as Indicated by the number of tickets
sold.
The bnnks lost to the Rubtreasury yes
terday $050,000; slnco Friday $2,610,000.
A cable received In New York from
London says that 2,000.000 of French
treasury notes have been placed there.
The result nf jesterdny's ballot by the
New York Cotton Kxchange Conference
wns as follows: JtcFndden nnd Company,
100 bales: A. Norden and Company, 100
bales nnd Weld and Compnny 100 bales,
all sold nt 0.S0 cents.
The minimum rate nf discount of the
Hank of England remained at 5 per cent,
today.
The annual meeting of the stockholders
of the Nnithern Pacific Railroad will bo
held In New York on October 15.
Paul Sheldon, of Sheldon. Morgan & Co.,
12 Hroadvvaj , has been elected a member
of the Chicago Hoard of Trade.
Oait
Septtmber
December
Mav
24
7W,
71,
.111.
n.i2
17V.
.10V,
IrW.
41l,
:1K
17(0 j
7()
7.T.
III".
4W
.-.21,
74',
I7V4
.-.mi
.1.1 3
. . 1117 0 IA
0.IO tfl I.', t'l 17
ln.M tin oo in in
II 12
losn
in ns
1 1 .12 11 r.i
in on n 12
10117 10 7.1
IT 8"i IT SI
20 SI 20.0.1
DIVIDENDS DECLARED
Hnuohton Count Clerlrlo Mshl Company,
regular leml-annual 7.1 cents on preferred and
02 n Lenta on common Imlh pajable No em
ber 2 to stock of record October 1,1.
expense"" nnd leave a reasonable return
on the Investment By this, he said, he
had no refeience to bonds.
'Is It possible that the city intends to
occupy thr'poaltlorr "f dog In the manger
forever?" said Judge Killlts "If the
ordinance Is unreasonable the company
cannot bc held to Its terms by tho mere
fact thit It continues to operate. We
must have transportation Then for the
c'ty to say that If the company continues
to furnlh that transportation It accepts
terms which may be unreasonable Is un
conscionable." The Huntingdon Development and Gas
Company, managed by E W. Clark &
Co., of this cit, increased Its outnut ol
gas fiom 81,000.000 cubic feet in July to
140,0(10,000 cubic feet In August The com
pany has valuable concessions In West
Virginia and Its securities have recently
lecn In active demand.
Stock of the Capital Traction Company,
Washington, D. C, has gone to a 5 per
cent basis. It has been on a 6 per cent
basis for several ears. The cut In the
dividend rate was authorized at the meet
ing of the board of directors nnd Is to
take effect with the quarterly dividend
payment due October 1. It is due to de
creases in earnings
Some minoi claims were considered at
a meeting today of the creditors of Wil
liam U Rear ri Co., bankrupts. In the
jioivu no office of Divld W Amrani, reteiee The
Vpial to 12 17 per rent, after deducting pre- meeting wis adjourned until October 1
tir,.8initin $iis,ij.2ni i
.i iii.iiim , .s ;
fiirnlue for vear tll.122.Oi,
K
ent. Jule acke, $.1 wen fin. spring, first clear,
J1S.121 do. straight. $1 2.1011 Ml, do. patent.
tlOWJO: favorite brands. n21fi"7,1. rlty
mills, choice nnd fancv patent $0 2lfl !; do ,
regular grades Winter rlear, $1 T.lfll do ,
straight rff.1Mi, do. patent $1 WiWO
HVi; I'MM'll. In light request, hut steady
at $1.1 00 per bbl., In wood
PROVISIONS
Mttle trading nnd the market without Im
portant rhnnge . . . ,
City tuef, In sets, smoked nnd alr-drled .lira
32c , W extern heef In sets smoked, m,l2e ,
city beef, knurkles and tenders, smoked and
alr-drled 12IT.H estern beef knuckles and
tenders, smoked, ,l2fM4c, beef hams IOfl4i
Hams. P. p rured. loose H'iUlOi.r . do.
skinned loose, IRiiUMc. , do, smoked, 18a
ltc. other hams smoked, city cured, as to
brand and rured 188110c , do, boiled, hone
less, 2S:iOc plrnle shoulders. H P eured,
loo.e. 12fffl2'P., do, smoked 1 1 H '4r .
bellies, In plrkle, nrrnrdlng to average, loose,
lflOlSr j breakfast bacon. to brand nnd
average rltv cured, 22fJ24e brenKrnei
baron Western cured. 22S?24c. . lard, Western
renned. Ileties. 11 cjfft llc . do do do
tubs. 1 1 , ffl 1 1 aj r- , lard pure rlty, kettle
rendered. In tlerres. najifilSc lard, pure
city, kettle rendered In tubs, lllil2c.
SUGAR
Refined market firm, hut quiet
Standard granulated, T..10T OBc; line
granulated, T 21fftT 00c. ; powdered, i.flfiisi
T.nne. ; ronfertloners' A. 7.I5r,T.40c. ; soft
grades, 0.4.11IT.0.1C.
DAIRY PRODUCTS
Ilt'TTint. Trade qulel. but offerings only
moileratB nnd market steady Western, fresh,
solld-tackcd creamery fancy specials, .14e.,
exceptional lots higher, extra 1291240 : es
tra Orsls, lllr . ttrsts, iOVlOV . seconds
27'V3'.:hV . ladle packed, "Jlflaie , ns to qual
ity nenrhy prints, fancy, 31c . do., average,
extra, T1.14c. , do., first. 1W12e , do, sec
onds. 27Q2Dc. Special fancy brands of prints
Jobbing nt :i0f?41e
KOGS Demand good nnd market firm
under small supplies In free cases nearby
extras, 11c. per doz , nearb first', $8 40 per
standard case nearby current receipts $7 TM
7 W) per ttandard case, Western extra 0rt,
Ji.40 per caeu. do., firsts, t7 .Wf7.R0 per case
do . seconds $0 00170.00 per rase. Candled nnd
recrated fresh eggs were Jobbed out nt .ir.fj
17r per doj , as to quality
CIIKKB Trade better and prlres firm.
New York full-rrcnm. choice, WfyWfc , &a ,
do. fair to good, 15Vitrl6c , do., part skims,
11314c
POULTRY
I.I K Trade fair and the market nrm
Fowls, I75ri8(-., old roosters. 11312c.. spring
chickens, fine, large, 17fT18 . do . medium
sl2es l.vaii!e . ducks, old l.lffMe . do., uprlng
14fll.1c . guineas, per pair oung, weighing
2 lbs. nnd over apiece SOc . do weighing 1 lb
apiece. 50c. do. old .mc, pigeons, 141
lb, aplere miaTOr.
OKKSHEI) I'OL'I.THY. Demand fair and
market firm, with supplies of choice stock -well
under control ....
rreidi-klUed fowls, per lb , selected heavy,
2ivc, , fancy. weighing 4C,B1 lbs apiece.
20Ur ; weighing 4 lbs apiece 20c , weighing
.lti lbs. aplere, 1718r , weighing .1 lbs. and
under aple.e. 10c. old roosters dry-picked,
l.iuc. . broiling chicken nenrbv welching 14
32" lbs aplere, inflWc broiling chickens,
nearby, fair to good lfifilSr hlckens. West
ern. .1494 lbs nplece ll)c do do 2WS1 lbs
apiece. 10fll7c Drilling chickens. Western, m
f32 lbs nplece 1718r broiling chickens,
Western, fair to good, 1110c squabs per
dozen white weighing 1Ifi12 lbs per dozen,
flllWIV) white weighing 010 lbs per
rtoren 131 71 white weighing 8 lbs. per
doren. 2 2W-' .10 do. weighing 7 lbs per
dozen tl , m- no weigninc U5'4 ids per
dozen ?1 21WI ' dark and No 2 rtOr 'r?$1.10.
FRESH FRUITS
Apples arriving quite frectv. hut rholee stock
In fair request and steady Other fruits showed
little change Apples. pr bbl. fancy varieties,
40V walermelors, lersey per 100 $1315
VEGETABLES
Potatoes slesdv with demand absorbing 'he
mrderale offerings Other vegetables In fair
request nnd ateadv White potatoes per bush
Penna. choice 7.137V do. fair tn good. 01
O08r. , white potatoes, 1rrey. per basket W
4ftr aweet potalne, Eastern Shore. rer
bbl No. I, 1 7.1112 11 No 2 78f fll sweet
polntoes, N c , per bbl No 1. 11 T.1t?2 No
2 7fie 1f$l sweets, .erse per bbl No I,
12 XV3 2 70 No 2 l ''131 71 sweets Jersey
per basket HOffnv onions H ettern and
Connecticut Vnllev choice per 100-lb hsc
$1 21. onions medium pr loo-lb big II
rabbnge domestlr per ton I121TM celerv
V Y per bunch 123.1"c . muahooms, pr
4-lh banket. Mr 3tl W
CHICAGO LIVESTOCK
CHICAGO. Pept ir-MOai Ilerelpls. !,.
000 markets 1031.1r higher mlsed and
bud hers, JHMKTtlM good heavy $8 0130 11;
rough heaw J8 2-.fji HO, light $8 8030 11:
pits ts (MfS 71 hulk $ ViBP 2.1 CATTJ,R
Iterelpts. nvifl. markets steady heees t7.40
All row, and heifer, p!in71 sto'kers ani
feeders. til 4038 21 Tcxans $7 0038 81
calves $0 V1312.re1 tlinF.P necelpts lBOOfl
markt-ts ateadv native and Western, $1.2,10
(, 25, lambs, $0 1,130
NEW YORK BUTTER AND EGOS
NEW YOItK Sept 17 Butter-ne relpts.
BANK CLEARINGS
Rank clearings today rnmpar with corre
sponding day last two years-
1014 1013 1012
rhlla. . 2,t,o08.7.1! $27,211.01.1 $21051.0.11
noslon .20.710 217 22 tO.1.212 27.180 018
Nw Tork 18.1028 027 110 701,714 W7 487 074
Pt IOUls UT.10 7Sa 11 814 10 12.1B4.r,87
Chlrago . 40 000.2.11) .14 141,712 S4. 0.14 742
Centennial
National Bank
Philadelphia, Penna.
At the close of business,
September 12th, 1914.
RESOURCES
Loans, Discounts and
Investments $3,318,908.15
220,376 71
73,349.80
285,00000
1,010.903 81
Due from Banks ...; .
Exchanges for Clearing
House
Clearing House Loan
Certificates
Cash and Reserve
$4,908,538.47
LIABILITIES
Capital $300,00000
Surplus & Net Profits... 606,19165
Circulation 195 30000
Deposits 3,S07;!4682
$4,908,538.47 .
EDWARD M. MALPASS,
Cashier.
PORT OF PHILADELPHIA
iitr i snt nn enmninn . n;
- ...... k,,, Ul -
..; i...,iBnt nvesturrs nnd w thin two 'Tl '"' ,on rreierren ine common Is pa;
h)l had cleaned up n nrnflt n nrnvl. i i ,tn ,c,0'"r "" " 'erord Uepiemher
tlng IlilM iuiii.. prnnt npprnxl- si. ,.n, the preferred Is pabIo Nov.mber 2
. 1 . "'"' nnuttlng off of Imports , to stock of record October 21.
djestuffs due to the wnr. has Influ-
Wd a rieninnd fur them which run ,,A nn'" """nlUated Mines Company, re.
k'rdly be met I ,'lar 'l"rlerl 2' per rent paable October
j ,c '"ei ,l ,Q -tork til retord Srntemher -in
AllUal Klnrb .il.. l ll.. . , ....
tnH... . 7 . "- in iiir mi-ai niiirKei
ri. p. tiiiiivMiiirt ill iu, i.iec-
-..r.u ,KP iiatlriy nt I2'4. Tononah Bel
Kolh IlaUri 'otiiDan. reciter ntiarrrh iv
rT cni on ireferrM ioik, jujahlo October
mom V. . ,l '" nopnn ei- i m iock or reconl September 10.
,, . ' '-" ''lend Securities offered ... . ,, ., 77-
i We prtres asked wero I.ehlch Vnllev . r,roc.'."' nuinhl Compan). regular qunr-
" W'i. fnlnn Tri.ii.n i ti d ? ,l'r,' - p" ,rnt "" Preferred tork, pablo
Bs. 1 ii.. , TJdll,on 40- V s- s,oel. I fictober IS to nock of r(ord September 2d
rM. i, ,rwoo,l Electric lis, lftl . Pllllllllid- I
?M Electrn l tn. r-li.. Ae nkii.j. 11.1I I Willys (lierlnnd Comnani. leitular ouirterlv
".Of W and 1141 mm .. n i ' p"r ''''n, on "'''erred iork. paable o.
Itneral m .7, , nt ' 2 nml n,a,l'1fc' tolwr 1 to .tock of record September 22
,!?,rl mmiBBBe (s at 02'4
W Sto L TP-tlnB the Phlln.le.
'Oker. in .'u 'arBe an'1 ",e investment
Wy t L '","1 'ci"-IIIm sot tosether
ItuTtinn" P m"re cash 'rnrtlnc The
It S,V7I' over thoroughly, and
--.tc iiM uriiiiiLe .iciiuii
ttiZ f'h'lltl'snreThart'ha
"'fictions '" "ii tinner certain
COMMON DIVIDEND PASSED
Ctral Coal nnd Coke Directors Will
f,r,c. erVe The,r Fi"ns.
0" u n. PaS8ed ,h1 nuarterly dlyi
Rl t this .L""1"6 on ,ne mmon
'HtiA of u' The reKular quarterly
tCt- was d.n.Frent on ,ne Preferred
htoek!f r. r!do paab,e c'obe'-
? WtlcTta'c 'Je slocIholder. says
1 '" unatlSfa""', ma,nl' on accon
? lh lumber rn'i .condl,l0"! existing
lv Uecllned , n,narke'' Prla of which
'' ovWoduP.e.r C .nl- " aCC0,,nt ot a
ycondLlU,CUon last eari "n'i
J" larwi aUSe1 by ,he Buropean
lumbr curta,Ied ,h consump-
I nlled I'tllllle. Cmnpany. regular ijiiarlerly
Ht per cent 6n preferred Hoik, pajahle Oj.
tnber 1 to tork of re opt September in.
Cnninlidaleit MinliiK Mllllm and Smeltinir
Criupaiiy, regular qiMrterl L' per cent , pa.
atle October 1 to Murk of record September VJ.
Standard oil Cloth, nuarterl) H, per rem
each on preferred A and H atorks and a nuar"
lerl f i of 1 pi"r cent on common, pavablo
October I.
Sun aneV Tides
Sun rlsei.... .1 2 a in. Sun seta.
PHILADKUPHIA.
Hlch water .11 V a m.lHlch water . . p.m.
Low water, fl1lam.lt.on water. R 45 p m.
' KEKDY ISLAND.
HlKh water . N2Sam IIIh water
Low water . 2 12 a in I.oiv water
IIRKAKWATKn
Hlch water . .', .11 a m.jlllgh water
Low water. .11 IKam.lLow water
VesselB Arriving
, Kchri. Iliimarock, Emma S Lord and Chtlde
Harold, Nova Srotla lathi.
15-iiK p m.
87 p.m.
3 ft", p m.
12 pm.
. . p.m
$100,000,000
NEW YORK CITY 6 REVENUE BONDS AND
CORPORATE STOCK NOTES
M
Maturing as follows:
$57,000,000 6 Corporate Stock Notes due September 1, 1915
$18,000,000 6 Revenue Bonds due September 1, 1916
$25,000,000 6 Revenue Bonds due September 1, 1917
Name.
Soestdjk
Haverford
Ancoim . ,
Stenmships to Leave
PASSE.VC.Ert.
For.
Rotterdam ..
Liverpool .. .
Napteti
Date.
. Sept. IT
.' hept. 10
..Sept. 10
(lermantown l'atwenKer ltallwa,
quarterly ?1 ll', paahla October 0.
regular
lUnRor ItallviRj and Kle.trtc Company, rrg.
ulir iiuarterly per cent nil referred, pay.
tble (Viober 1 to ttock of record September 21
American fianken' Safety Company, reguUr
quarlfrlj l per cent on preferred, payable
S-cptember :tu to moik nf record September 111
luar-cto-
fertw III PRICES 3iED
P. .. tWOK. Rtn I .
fuVLSs 8iS,
PtWYno "w
vork'co.?L" :?.he m'mb "
fi,,a notices thV. , . ""'" nave re-
E of ,r;V' """?.
Sf iJl, ?fcmb' at 9M. Mar
M check., V Uv'poo nut Mondy.
m M to'."5 member " - "or
A tt Klrnhbaum Company, regular
lerl per ent. on preferred, rayablo
ttr 1 to stock of record September 20.
I'nlted (ilobe Company declared a dividend
of 1 1 .'ill. ,
FOREIGN EXCHANGE
NEW YOIIK. Sept 17 -The foreign ex
chance market opened weak, with offer,
inps in excess of bids Demand, It MB
4 16'4. cooler, t(96. marks, SoTbc , francs,
5.09.
PORT OF NEW YORK
Sten.mshlps to Arrive
DUB TODAY
..r3,'"?- From. pate.
,lrnl nordeaux Sept
l??.,t,c Liverpool Sem S
Athenal 1'atrua via Trieste
ThatiaalnnlUI -. . . .. .I'l 1
r i . V iiii'raiiar .. .
Lusltanla Liverpool .
Steamships to Leave
Name. i'or
Ansonla CUitm . ,
JJ1'","lou Ixunlon . ,
Hnland Liverpool ..
Amona Naples
Touralne Havra . .
Potsdam ilottrrdam ..
Crctlc Naples .. ,
Price 100 and Accrued Interest
These three issues are direct obligations of the City of New York
Exempt from the Federal Income Tax
Exempt from all taxation in New York State except for State purposes
Interest at six per cent, per annum, payable semi-annually on
March 1st and September 1st
bent 4
Sept 10
Date.
.ept 17
Sept 17
Sept 10
Sept in
Sept 10
Sept 22 ,
Sept 22 I
DEFER DIVIDEND ACTION
Directors of the Crucible Steel Company
of America todaj decked, to defer action
on the reeular dividend of 1, per cent
on the preferred stock. The reason given
is the present trade conditions as the re
suit of the war.
BAR SILVER
Commercial bar silver Is being quoted
In New York today at MHc , which rep
resents a decline of He , compared with
yesterday's pflce,
In London price were down ijd., at Hi
FREIGHTS AND CHARTERS
Tha ktediiKhlp market It dUplajlug much
aulvllj In the tranat!intlc trade. The
rremh Government haa cloeel contracts for
nix veael to rarr rats
STKAMMIirs.
llrot (Nurl. IlaUlmnra ,n lia...A ,
I IS in 4 1 quarter, about U ,7onipl ' '"'"
noiiingipn iir I iiaitimuro to Hordcaux or
St. Naidlre. oau, dSjo quarter, a. 3d
prompt '
!dsi.un illr.) lUltlm 'ia to nordeaux oat.
25 urn quartet. 2. 3d , prompt. fu"u- """i
Muhaeiflell Ilr ). Ualttmoro to puked rwrU
I'nlted Kingdom, oau. mux) quarter. 1. 91
opi,.oPi.r.nA.-r,u.n.,.,,o'M -' i, nmi:
Ventura d Iirrlnaga illr) .Ul.nOO nuarler.
a me
i)gllv illr; lialllmore or Newport New. lo
Vrcmh-AtUiitli porn. eat. IS m0 quarter.
2. 2i.d I'romni ""'
hroiighors ildn ) 4,uf to CbrlitUnla
auarier. i 3d prombt
1'ranlenborg iDon I PhlUdelphla to Cornn
bagen petroleum 12 ono barrel, prii ate terms
prompt ,'
Hag iNorl 22rU ton Baltimore lo Hlver
Plate. ioal private term, rrompt
Sommentad (Nor 2V2 ton. Philadelphia to
Call ioal prli ate term, prompt "
iUrpaiu. 'Br ) 372 ton. Norfolk to Medl- i
terraiiein col P'lwl term., prompt '
Venlero ilt.l ( .tSOK ton. Virginia to wett
eoa.t italv coal private term., prompt ,
Weitland. (Br ) 2C01 ton. Baltfmore to
T.mr'rocoal and rove private term, prompt
MillT-h IBr ) W ton. .am. """"
SCHOONERS I
Horatio I Baker T20 ton.. Philadelphia to I
fortoBio coal, private term..
EagV Win in4 t-)n Philadelphia to Be..
tea, co.il, 70 cent..
Principal and interest payable in gold coin of the United States of 'America of the,
present standard of weight and fineness at the office of the
Comptroller of the City of New York
Coupon form in denominatfons 0 $500, $1,000, $5,000 and ?10J)00
Registered form in denominations of $500 and multiples thereof as desired
Coupon and registered forms interchangeable.
Jt.OOO
Jl'e are advised that these bandi and notes are available for the following purposes; '
. As part collateral for circulation, under the Aldricli-Frceland Act of May 3Qt 1QQ.
2, As security under the Workmen's Compensation Laiv of Xeiv York State.
3. As an investment for Savings Banks and Trustees in AVu- York State and elsewhere,
A syndicate of banks and trust companies of New York City has purchased these bonds from the City
at par and accrued interest. A large part of the bonds having been withdrawn from sale by the subscribint
banks and trust companies, we offer the remainder, on their behalf, for public subscription at the cost price
Subscription booh uill be closed at 12 o'clock noon. Tuesday, September 22nd. 1914, or earlier in our ,,, ,.
The right is reserved to reject any and all applications and also, in any case, to auard a srnalUramZ ZanTpZd'fT ""'
Applications for bonds should be accompanied by a remittance in 'en York funds of $50 for each nnn a a i j t
The balance will be payable at the offices of the undersigned, Monday. September 2S(h If onlv JZ r 7'i " iv
be allotted, the balance of the deposit will be applied toLl L mn! ' "" ' '' """"" '' &
J. P. MORGAN & CO.
New York, September 17th, 1914,
KUHN, LOEB & CO.
i
rrrrni- mm ryu-M J-?l