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EVENING LEDdEK-PHILABELPHIA, tfATUBDAY, HlflPTMMliE.lt ID, 1014.
15
1NANCIAL AND COMMERCIAL SITUATION AT HOME AND ABROAD-MARKET REPORTS
I
1
WEEK-END BRINGS
BETTER FEELING IH
FINANCIAL MARKET
New York Investment
Houses Will Again Solicit
New Business and Phila
delphia Will Follow Suit.
Willi the end of tlio week comes a more
rtneral disposition !n financial circles to
regard the situation as exceedingly favor
able. Events of tlio last few days have
dono much to clear away tlio clouded
atmospheie, and conditions fflve more
promise of an cany return 10 umnui
than at any time slnco tlio great
European strugslo began.
London ha" particularly active
In Installing confidence, and the better
feeling there- Innuonced largely by report
ed continued victories for tlio British and
French armies, has been reflected strongly
In the markots In this country. Brokoii
Jn tho metropolis are still talking of an
early reopening of tho Stock Exchange
there, so marked has been tho general
Improvement. Tho exchanges In Sydney
and Adelaide will reopen for business on
Monday, and thero Is a chanco that tho
Melbourne Stock Exchango will follow
eult some time later In tho week.
Collapso of tho foreign exchange mar
ket has helped materially in tho genoral
readjustment. It touched a. lower prlco
level yesterday than at any tlmo In six
Teeks, tlio principal influence being tho
niccessful settlement of a great part of
5 this country's foreign indebtedness. This
Was helped along very materially through
' th flotation of tho Now York City ,100.
' 0)0,000 bond and corporate note Issue,
. which. It was announced today, had been
? oversubscribed. Tho break In exchange
indicates a return to more normal condi
tions In our tratlo relations with Europe,
especially Great Britain. Exports have
been growing to a remarkable extent,
remand Storllnit was firm today and
rates recovered some of yesterday's de
cline, ruling strong at 4.95'i to 4.96V3
There wata a fairly brisk demand, even
t tho higher rates.
WILL RESUME BOND SALRj.
The Philadelphia Stock Exchange Com
mittee of five and the Committee on
Unlisted Securities havo agreed on a plan
for the broadening of local bond trading
by which bond houses will bo permitted
to solicit business.
An announcement to this effect will be
made at the Stock Exchange on Mon
day, and the Bond Committee will also
send out a letter on the Isubject. Tho
plan has the sanction of the Clearing
House, and ilmllar action has been taken
in New York.
Restrictions on trading will be relaxed
to as to allow the sending out of bond
salesmen, Issuance of circulars and other
advertising, and solicitation of business
on the basis of prices approved by the
committees, sales to bo only of Tjondfe
held by the firms offering them, and
only on a cash basis.
Announcement that New York invest
ment bankers had decided to again put
through sales on a largo scale and that
Philadelphia firms would follow suit next
week gave added strength to the situa
tion. A commltteo will meot Jn New
York dally to pass on all sales and their
restrictions will be Btretched so as to per
mit transfers at lower prices, If neces
sary, than those which ruled when the
Exchange closed July 30.
This indicates very clearly a final re
turn to more normal conditions, since for
weeks the brokers havo been restricted
in sales to the last official Exchange
prices. Thero Is a possibility that a simi
lar ruling will be made here. At nny
rate, brokers nnd bond salesmen arc
brushing the accumulated dust from their
desks and chairs and are getting In shape
for a more active trading all of which
forecasts the return of a brighter situa
tion. The New York Committee of Seven,
after continued conference with tho
Clearing House Committee and the Stock
Exchange Committee of Five, makes the
following announcement:
"With the concurrence of the said com
mittees. It Is the understanding that
dialers in bonds should be directly gov
erned by the following rules:
"The sale of unlisted bonds owned by
the dealer: it Is thought, but dealers
should be free to sell such bonds to ln
I vestors,
I "The sale of unlisted bonds not owned
by the dealer; all such proposed trades
should bo laid before tbe Committee of
Seven.
"Tho sale of listed bonds; all surh pro
gcsid trades Bhould be laid before tho
mack Exchange Commltteo of Five."
It is the generni expectation that, at
jii rate of progreb3 being made In cleat -ns
the trade of open contracts requiring
international adjustment, the cotton ex
changes of the country are likely to bo
open for business inside of tho next two
three weeks.
TIIH GOLD rOOI, I'LAN.
.ii n,,ForSan. C Chicago; A. U. Vs
jn and Benjamin Strong. Jr.. of Now
lork. and IxM L. ne, of Philadelphia,
J presenting the committee appointed by
l. cc . rence f bankers called by the
r.M Swerve Board on September 1 to
consider the foreign exchange situation,
w y C0I'errecJ with the board in
t,i. ?r cons'l'Ieratlon of their proposed
In.J..Crea, n eW ,und to relievo the
... naI phnBo situation. The
tZ , U? orK'"ally recommended that a
trlhU""'1 ""WW he created by i-on-io-.
f ,rom iho banl f tho country
etuis res"rve and central reserve
otSnl ,for, Pi1''" of its maturing
remutln? ?n'l. for tha necessary gold
of tn. .C,t3 V? Europe rellevel one Phase
to fiVr.1 tua,,tm and nwl9 it desirable
termn lrv.c?n.3ldei' t,,Q subject and de
ide3 hat furtl,er reIlef. "'. was
th'ah!Lv!.nkr3' "mmlttea has considered
Sat it mPrnntaJ and ls ot ne onlrilon
a funrt m,y.,nbc.deslrabla tQ "'ate such
tlon d,of 'JOJ.W001 to meet the situa
tV DrLP..30nt The ,J0ard received
tormSu,pos,Mon- anii 'e bankers will
'or th a rtP0rt 8lv,nff ,ue,r reasons
"son ; win h3ity or ,h,a act,on' Thta
WerVrt hi u Prsented to and con
rea by the board today.
SEES BETTER OUTLOOK FOR
IRON AND STEEL TRADE
Expert Says Prices Uavo Already
dono to Their Lowest Level.
"U Is my firm conviction that It will
bo a long lime before we ngaln see m
low prices for Iron nmt steel products ns
we havo scon since th first of tho pres
ent year."
This Is n statement made In un inter
view by Frank llanckcs, vltfo president
and general sales uifcnt of the American
Steel nnd Wlro Company,
"It would socm," hii says, "some pcoplo
looked for an Immediate boom In Ameri
can trade right after tho declaration of
war In Europe, but there camo up several
complications that delayed matters,
Trade Improvement has set In, however.
It Is grndual but persistent and we shall
contlnuo to ecd good results coming from
It from now on."
BANKS MUST STOP
HOARDING MONEY,
M'ADOO INSISTS
FEDERAL BUREAU
ANNOUNCES RATES
ON WAR POLICIES
PHILADELPHIA MARKETS
Secretary Treatens to Recall
Emergency Currency From
Bankers Who Deny Loans
for Legitimate Commercial
Needs.
WASHINGTON, Sept. 18,-Drastlc ac
tion against bankers who arc hoarding
money, denying loans for legitimate pur
posoa to commercial borrowers while their
vaults bulge with "war emergency" and
other currency, Is being considered by
Secretary of the Treasury JIcAdoo.
Tho Secretary and members of tho Fed
eral Reserve Board admitted today that
numerous complaints ngalnst bankets arc
being received. Itecall from offending
banks by tho Treasury ot currency issued
for the war emergency under the Aldrich
Vreeland act unless tho hoarding ceases
was being seriously considered today, It
was reported.
State hanks, which cannot be reached
by the Federal officials, are also offend
ing by hoarding their money, it was stated
today.
"VVhllo millions of dollars ot emergency
currency have been poured out to the
banks, manufacturers nnd merchants arc
being turned down when loans are re
quested and interest charges boosted, ac
cording to complaints reaching the treas
ury. Many banks are nlso said to be de
clining to extend maturing paper.
Hoarding always occurs In times of dis
tress, but with tho treasury dealing out
currency with a free hand there Is no
necessity for such action now, in the
opinion of Secretary McAdoo, and tho
reserve board.
Between October 13 and November 1
the reserve board plans to have the new
currency system in operation, and mem
bers believe present hoarding will then
No Risks Will Be Taken on
Cargoes to Ports in North,
Black, Baltic or Adriatic
Seas or the Bosphorus.
Exporters In this city recolvetl today
from Washington the schedule of rales
fixed by the Federal War Wsk Bureau
covering Insurance on cargoes destined
for foreign shipment. On all shipments
between ports of tho United States and
Its possessions or any nonbelligerent
country In tlio Western Hemisphere
would be '4 per cent.; to nonbelligerent
ports not north of Havre or east of
Sicily, 1 per cent.; to all other ports, l,4
per cent. On vessels between United
States ports or Its possessions or non
betllgercnts In Western Hemisphere, ',4
per cent.; to nonbelligerent ports not
north of Havre or east or Sicily, i par
cent.; other ports, 1 per cent.
Tlmo policies will bo Issued for 90
day1! only ot a !! per cent, rate or In
special cases 1 per cent. The rates aro
all subject to chango without notice.
Tho bureau also announced that no
Insurance will be granted to vessels
bound for ports on the North Sea, be
tween the latitudes of Chrlstlausand and
Amsterdam, on the Kattegat or Baltic
Sea or adjacent waters, to ports on the
Adriatic or Black Seas or on the Bos
phorus, without special application and
rates.
Because of tho exceptional hazards in
volved, the Federal bureau will consider
these special ports only when applica
tion is made to it and It reserves tho
right to decline nny risks to these ports,
or. If accepted, to name such rates as
may seem in Its Judgment adequate.
Dcclaiing that the oiganlzation pur
poses taking a vigorous stand against
any attempt of the Leglblature to endan
ger tho business of members or deprive
them of rights as agents, the Insurance
Federation of Pennsylvania declares that
legislation such ns that enacted in Ohio,
Washington or West Virginia, which de
prived agents of participation in the com
pensation insurance business, will be re
sisted. It Is predicted that the Legislature will
consider matters this year vitally affect
ing casualty, fire Jiid life insurance
agents.
Texas' Secietury of State charges there
is a discrimination In fire Insurance rates
on cotton against tlio farmer. He says
that cotton In yard is $1,84 while J3.M is
charged the farmer fdr covering cotton on
his premises. Nothing ls said, however,
about tho difference In hazard, according
to ths underwriters.
cease.
FINANCIAL NOTES
Philadelphia banks have taken out
$127,220 emergency currency from the Sub
troasury In this city, making J9,6u2,060 is
sued thus far.
Out of a total of 21 blast furnaces In
Eastern nnd Central Pennsylvania only
nine aro in blast.
Banks gained from the Subtreasurv yes
terday JJ'.OfO.
A reduction of 23 per cent, in tho civil
engineering force has been ordered by
th Now York, New Haven and Hartford
Railroad.
In tho matter of a proposed increase of
13 per cent, in freight rates, the Gulf,
Colorado and Santa Fe will start a force
of expert accountants at work preparing
data to be submitted to tho Texas Ball
road Commission at the public hearings to
be held In Austin, beginning November 29.
Government leportw give the condition
of sugar beets on September 1 ns 02.5 per
cent, of normal, forecasting a yield per
acre of about 10.4 per cent.
International Steam Tump Company re
ceivers have been authorized to issue re
ceivers' certificates for $500,000 at present.
They aro permitted to issue H,550,X later,
if It is necessary.
Washeries of tho Lehigh Navigation
which partially resumed tills month are
expected to bo In full operation after
October 1, subiect, of course, to trade
conditions, which aro now favorable.
Board of Public Utility Commissioners
of Now Jersey approved the application
of tho Atlantic City IJiectrio Company
nnu mo uceau liy uiectrle Light Com
pany for tho purchase of the latter by
the former at $272,063. Tim Atlantic City
F.lectrlc Company was authorized to l.ssuo
?70,2i) preferred stocJ: and ?21S,Cu0 bund.
Bankers In chnrgn of tho syndicate
which underurotn New York city's jlC.
000,000 lodii hao announced the over
subscription of tho bonds nnd notes, al
though definite figures were not yet
uailablo. It Is believed "0 per cent, of
the Issue has been taken by foreign
holders of manning notes.
Investors here are pleaded with the
showing made by the Gcneial Motors
Company for tho year ending July 31.
13H, tho annual report of which was Is
bued today, Although tho not profits of
subsidiary companies $7,917,112. were
$33o,"2S less than tlio preUuus year and
the f,hare to the General Motors Corn
pan). I7.SI9 1WS. was ttfil,0S3 smaller than
li: 19J3, inteiest on notes was brought
down to JoiO.ai. or S1M.336 t,s than in
J91X Surplus after payment of dividends
on preferred stock was i5,201,053,
J. P Morgan & Co. are offering hold
eis of $l,53O,CW0 Krle Hallroad notes ma
turing October 1 the privilege, of ex
changing these notes at maturity for new
out-year 5 per cent, notes, to be issued In
exchange t 97' 4. The new notes will be
limited in amount to 11.550,000 now out
standing nnd will be secured by J7,000,0i0
first mortgage bonds on essential parts
of the through line of the Krlo between
i'hlcago and New York. New notes with
$23 for ea.'li nolo deposited will 1m ready
for delier CK-tober I.
MUNICIPAL BONDS'
Chester Issue Taken Here More Of
ferings to be Made.
An issue of $75,000 paving bonds by Ches
ter, Va., was awarded to E. J. Coleman,
Philadelphia, at par and interest.
Bids will be received until September 19
by the Burgess of Hancock, AVashlngton
County, Md., for $10,000 5 per cent, water
bonds.
leechburg, Armstrong County, Pa., will
not offer SS000 school bonds until June,
1913.
Bids will be received until September 2u
by Phillipsburg, N, J for $13,0u0 13 year
Is.
An ordinance, calling for a vote on n,
?1,SOO,000 bond Issue, was Introduced in
tlio Reading, Pa., Council. Tho loan will
bo voted on at tho general election, to bo
held November S, and, If approved by the
voters, the money is to be used for tho
following Items: New city hall, $330,000;
slorago reservoir, $130,000; land for parks
and boulevards, $230,000; improed street
paving, $230,000.
GRAIN AND FLOUR
, ri-OUIl. Receipts, ISOO bbls., J,322,40t1 il.
In nicks The, market ipilct, but linn In ym
pathy with whnt. but very little rlemnnd.
Winter, eltnr. $4.7!W.1; do., Mralitht, 13WS 2.1;
do., patent, tfi.IOflil.i3; Kansas, ntrnlsht. Juts
acfcs, $3.20WB.rfl; do., pnt"nt. jute nck, .V(W
3.!"l: nprlnj, first clcn", tVff.t B.",, ilo., ntnlffbt,
5.V3i5iB.r,0j ilo., patent, tn.WKitt. favorite
briitl. sn.23fi.7.ii city inlllK, rlmlce and
fnncv pAtetit, fn.23nn.7n; fio., rogulur pnu'p
Winter, clear. M.T.'flA: do., straight, ?Ti(."i.30;
do., tmtent. M ,'iOffti.
11VK M.OUIC Clulet. but firm, at $3
SJ.VIU ptr bbl In ood.
PROVISIONS
Market quiet but utenrlj. "llv ber. Ill set.',
smoked and alr-drlfd. iltv.'fcr ; Western beef,
In aeM, smoked, .1l5.'(2c; ; tlty href, knuckle
ftnd tenders, smoked and nlr-drted. ;i2fM4i!.:
Western beef, knurkles nnd tendera. smoked, .12
9.11c.; beef linms, $lofll.le. . pork. rnmlly,2Wp
27. Hams, a, r. eured, Icose, hViifrlilUc; do.
skinned, loose, 13'iaKI; oo do., smoked. 1SKP
10c.i other hams, smoked, city eurcd, as to
brand and nveraee. IhftlUi-. , imme, amokr-u.
Western cured, IflfllOc., do, lolled, bone
less, 2S!2e. ; picnic shoulder. S. V. oilrcvT,
loose. lilZiic. , do., smoked. 1li?14',$e;
bellies, In pickle, according to nvrratp, loose,
MKtlACii breakfast bacon, tn to brand and
average, city cured 22f2lc : breakrast
bacon. Western cured, 22ff24c. ; lard. Wc3t"rn
refined, tierces, llHflirHe.; do., do., do.,
tubs, ll'6!U17ie.; lard pure city. kettle
rendered, In tierces, 11912c,. lard, puro
city, kettle rendered, In tuba, lI'ilrT.'c.
SUGAR
Market quiet at quotations. Standard cum
ulated, 7,aoa.; fine granulated, 7.23c.; powder
ed. 7.33c.! confectioners' A, 7.15c.; soft grades,
0.1307.05c.
DAIRY PRODUCTS
.. llUTTIilt. Receipts of desirable stock
light nnd prices sternly, l.ut trade quiet. West
ern fresh, solld'Pncked, creamery, fancy spe
cials, ale; extra, ;!2c; extra firsts, .lie,; firsts,
20la1t.Klu,e. ; seconds, 27V2Siio.; ladle pack
ed, 21PZ1C, as to quality; nearby prln,
ftricy. sic., do., average "utra. n.'iOStc ; 'In.,
firsts, 30i2c.; ilo,, s'londs, 27ff2llc. Hpcclftl
ratify brands of prints lobbing at fllKMlc.
Ktlfl.S, Demand equal to the limited offer
logs of line frenli stock, prices of which stead
ily held, tu free cases, nearby extras, ,11 r.
per doz. ; nearby Mrsts, ?1. 10 per standard eas,
ucai-by current receipts, 17.307 0 per stand
ard caje: Western otM firsts, s.1.40 per cast ;
do., firsts, $7.30f7.80 per case; do,, second',
fil.fifgn.no per case. Candled and recraied
fresh csks wore jobbed out nt ;'..ft.17c. per
do? as m quality.
CHKESi:. Offerings light and market firm
bu' trade quiet, New York full-tieu, . -I, ,
1 il Vill ifttic. ; do,, ilo., fair to cood, lS'u'if IiJu.
do., part tltims, !)! le.
POULTRY
roosters, ll?12e , sptlng chickens, fine, targe,
K'tfiBi.; do., medium sires. 'StflCc : ducks,
old, l.lS-Uc; do., spring, llftlfio.; guinea", pit
pair, youns, weighing 2 lbs. and over plcc,
70c.; do., weighing lli'iU'i lbs. apleco, Wirffir .
do., weighing I lb. apiece, f.Oe. ; old, 30f. ;
pigeons, per pnlr, l.VilSe
DltKflSKI). The market firm on desirable
slock, with demand iqual to the Ihnltfd olTor
itigs. l-Vesh-klllei fowls, per 111., selected
lieaxy, SI lie. t fancj elghlnn vA'- , I'is.
apiece. 2UJ?c. weighing I lb. apiece, Oc ;
weighing 'i'A lbs. xplcrr, I7wl.se.. wilglitn -I
lbs and tinder apiece, 10c; old roosters, ;lr
Picked. M'Si",; broiling chickens, nearby,
weighing l's'?2 lbs. apiece, tiifisoc.; do., fair
In nood. UKISC. . en rlten. VtcMern. i'jiii
.. 2M,fl 1 ibM.
ens, Western,
lbs. nnd over apiece, Hie., do., do.. 2 Ml l
nnlere IfWllTc: broltltiir chickens. e
i; . : . ,,.'(i : . .... . -.- .. ,.. ...,,..
13V Inc. i suiiabs. iVr nf.. white, welshing II
lbs. per do;!.,
LIVE Choice stock firm, but ordinary
poultry dull and weak, Fottls, lHjlSci old tl.CO.
ill2 lbs. per d07 M l".(.r; vhlle. weighing
IKflo lbs,, per doz., Sll1.73: wblic, weighing
8 His., per ilnz., 52.2382..V), do , do , 7 lbs., ptr
sl.&UI.SO) dark and No 2. 00e.tll.l"J.
FRESH FUUI'I'S
Market quiet and without Important Wiutige.
Apple. per bbl. -JrnonsteIn, $2..",()':i,
lllusli. ?2,fi)f.l! otber gooi eating varieties.
,2ri)S.1 inouhim, U 3n'iT2.C0: nptile, Dela
ware, per hamper. "O'dHlc. Lemons, per but,
11(11, J'lneapples, per erato 'Porto ltlco. 1.23tf
a.'tSt riorlda, K(2.50. Cranberries, t'ape Cod,
Early lllack. per bbl II..109.1: Cranberries,
Cape Cod. Karly niack, per crate. fl.ii'ViiS,
Cranberries, .lersev. per crate Dark, 51.7
2. 23 1 light. Jlflrl.23. Huckleberries, per ql..
IffSc. Peaches, vi, per 20.b. basket. 2.3ft 50 .
do., do. per crate. 7fic.Hfl..30; do., Delanaic
and Maryland, per basket, 235?73 : do., do.,
per crate, 7Sc.4HH.23. Pcaeics, Pennsylvania,
per basket !irge white or yellow. iViS&Oa. :
medium, USflWc. : peaches, Jersey, white, per
rS-bapket. 40c.Jf1: do., do., eilow, fer -basket.
40C.5J1. Pears, nearby, per bbl Harr
iett, No. 1. S3B; do.. No. 2. f 2.731 :i.23;
Clapp's Favorlle, No. 1, H.,Vqc, do.. No. 2,
'2.7fiHa.2."; other varieties. t-U-t, pears. New
York Keckel, per bbl., t!?3. drapes. Houtherp
Delaware, per carrier, IOUR3c , grape", con
cord, per crato, -lflt200c. Plums, per 8-Ib.
basket, 20sj2fie. Cantaloupes. Coloiado. ptr
crate, XlflH.S.t; do., do, fiats. 40S?03c. Water
melons, Jcrscj, per 100, J.'ifiri.
VEGETABLES
Potatoes quiet but steady. Otbei egtutdct
showed little change. Penna. choice, 7.1 73c:
do., fair to good, KififMe . white potstoos.
Jersey, per basket, 40J 13c. , awet polaloea,
'or'e-p tiore pec bbl -No. 1. S1.73U2..13, No.
2, 73c. tj?l; sweet polatoes, N. C. per bbl.
.So. 1, xi.i.'tfJ. No. 2. 73ca?li swiets, Jer
sey. pr bbl. No. 1, $2.30r2.73; No, 2, tMff
l.,3: isweots, Jersey, per hasket. 40wnnc.
Onions, Western nnd Connecticut Veil,"-,
choice, per lOO-Ib. bag, tl.invl.20. onions, im -dium.
per 100-lb. bag, SI. Cabbage, domestic,
per ton, flUrl3. Celery, N. Y.. pr hunch. li
CflOc. Mushroomr, per 4-lb basket. Ma.1t
HUM, KSTATH KOIl SAMI
West l'hllniielllliln
Vi
Wm.H.W.Quick&Bro.,Inc.
8 South 40th St.
JITer the Following Properties for Palo.
3900 Chestnut St.
The best apailment all" In West Phila
delphia lot 1002211. fronting on 3 stleeiR.
good eleiailon; high clas Biirroundings;
ctcellent for fucllhles. Jhiko nn offer.
4207 Walnut St.
Lot SSx2l3: a senil-siilnirban home, vllh
In .liy limits, nbt Wm.Ic, large llbrrtrj,
recepilnn and bedromns. modern plumbing,
one of the finest on West Wolniit ("trcct.
Must be seen to be appreciated. t
3827 Walnut St.
I-Rtor rml-i)nfiiri(fl Ptonn-aiil-lnlcl. ip-sI-
donrc, tnnrftlnlnp 1( room1- nml mmV
unltiii frnurfn; brntn ffnl ontlonk; niu.t
be poltl mgnrfls of ront,
932 South 49th St.
A 1-artffl.ln; ll'-rnnm Ijousp, h lilt hv UiiUtl
Uttt. , Iianlwooil (InlPh ihnmKlioui . 1p' .
IIcIiIh , pm'IubIio hPlchborh'1041. fan be
hoUI rlosi to u8CR3-tJ valuation
3809 Walnut St.
Molern -J-aron inl-dotflrl.p.i ilviotnnc.
at n greatly m liif 1 xnlrn; miHiirj' if--.!
location and rontlltlnn, beautiful outlook.
518 Woodland Terrace
NVwlJ- Daiwral nnd niltitf'I. .'1-jttorr bIiIp-
Ard rppblnop , lot nn i:w , potitliTn -
poiurp; lurp rnonii and porchfM. 'iu bo
hoiu at a arnitcc.
4007 Spring Garden
3-stoty house, coincident to I, nml mii -fui
o lines: tiewlv naiiireil mid nth, i-m is., in
perfei t condition. Hi-duced pric Tnr iul, k
sale on urcount miner h remnn1 in muuiri.
itnAt. hstati: roit sair
M'cst rhllfltlelplilm
HOMES AND INVESTMENTS
4206 SPRUCE STREET
:i s'or. II rooms 2 baths, sldo yard, new
plumbing newly papered and painted.
4030 SPRING GARDEN STREET
.1 storv 12 rooms, modern plumbing! first
iln-s condition, hear ilemted station; pries
low
! 350 NORTH 42D STREET
Nw '2 ntnr . h roomn, iorrhf reception Iisll;
no cnr on Mrpei vry dptlrable.
3248 SANSOM STREET
I .1 si on. tt rooms; modem plumbing, con.
I venletit lisntlon rem xal. n sell for (300
4400 SANSOM STREET
. (Vinmi lltb Mrt VJ loom, rtnr trolley.
fMiinlrt" ihm! imiVfi nn tlTr
607 NORTH 34TH STREET
:i slots, n rooms. 2 batiis. nwlv papered
I anil palntod nmr P1U1 mount Park, no teason
I able olfer refused
; 410 SOUTH 43D STREET
i 11 rooms and pnrtb: mwinni plumbing, first
j -IttSi condition: ,rlte reduced.
$1550
I - nni. T nm. ,.ir. b ail , ,.,n eulentes 1
lieiir Hr-vul,.,! ,..t.v nt SH , , heap liom
alld gilO'l lmittl)inl 11 r , qirM
J. B. R. McCLURE & CO.
I Both Phones. 13 South 40th Street.
RAILROADS SHOW A
CONTINUED FALLING
OFF IN EARNINGS
DIVIDENDS DECLARED
Philadelphia Company, regular quarterly 11
per cent, on common, payable November 2 In
scrip, to stock of record October I. Scrip is
redeemable nt option of the company on or
herore May 1. Mil!, and will bear Interest until
date of redemption at rate of (1 per cent., par
able semiannually. Company also dcclnred
regular semiannual ."5 per cent, on piefern.il,
payable In cash November 2 to stock of rec
ord October 1,
Ashland Coal and Iron, quarterly I per cent.,
puyabls September 23. This ls the first dlvl
rtend since December 25, 1913, when 1 pei
cmt, was declared.
New York State Hallways, regular Quarterly
of li per cent, on the preferred and a quar
terly of I per cent, on the common, both pay
able October I to stock of record September
2.', This Is a reduction of 16 of 1 per cent,
from the last quarterly payment on :ie corn
men. Tobacco Products Corporation, regular quar
terly 1". per cent, on preferred, payabla Oc
tober 1 to stock of record September 21.
Goulds Manufacturing Company. regular
quarterly ti per cent, on common and 11 per
cent, on pnferred. payable October 1 to stock
of record September 10.
Sharon Steel Hoop, regular quarteily I1, per
emit . pasable October 1.
CHICAGO LIVE STOCK
CHICAGO, ofpt. ID - IIOOS - necelptJ.
30O0; markets slow to steady. mled and
butchers. tS SOtfn.l.v good heavy. fno.40;
rough hea. SSSMIS.U: llchi fTftnn.41;
pips, tfcfUfiKK.1: bulk, f 4.1WSV CATTLE
--Tferelptif, 3ft); markets ste.td : beees. t7 40
fill; rows and heifers, tltil' 73, stockera and
feeders, trt 408S M' Texans, T.30.if 1)0; calves.
Iin..a12.25. SHKKP rte.'elpt. 7W). mar.
kets vcak. native and Western, $1.3338 10:
Iambs, j6'(J8.Sn.
CANADA BUYS WHEAT
Tho Uuropean war has caused an enor
mous Increase In Chlcaito wheat exports
to Canada by ay of the Oreat Lakes.
According to figures romplled by It. P.
McCrenry. head of tho Marine Depart
ment In the Custom Office, twice as
much wheat as usual was exported In
July and August.
Income Reduced More Than
$6,000,000 in First Week
of September Cotton
Roads Hard Hit By
Slump.
With few exceptions, gros earnings ot
the railroads In the United States for tho
first week of September continued to show
decreases compared with the same period
last year. Moderate Improvement is
shown by some roads, but the leading
syBtems of the country are generally
below their last year's llgures. The fall
ing oft during the first week of Septem
ber was 16,491,139. or 5.7 per cent.
The roads showing Improvement are the
Chicago, Indianapolis and Louisville,
Minneapolis and St. Louis, Denver and
Rio Grande, Western Pacific, and Mobile
and Ohio. Tho unusually light movement
of cotton, which is guncrally n great fac
tor in the. freight business of the i all
roads of the South, has adversely nffected
the earnings ot the cotton toads.
To this can be attributed, In a laigo
measure, the smaller earnings of tho
Loulivlllo and Nashville, Cincinnati, New
Orleans and Texas, Southern and some
other larger systems. Losses In the West
and Southwest a:o not as largo ns form
erly, in some Instances, and indications are
for improvement, notably in Colorado ami
Southern, Missouri Pacitle, and Missouri,
Kansas and Texas.
The following table gives the gio-,s earn
ings of all railroads In the I'nltod State3
reporting to Dun's lleview for the ilrst
week of September, and the loss as com
pared with the earnings of the same ruads
for the corresponding period a year ago;
also the roads that reported for tho same
week in tho preceding months, together
with the percentages of los compared
with last year;
I'ei
Cent.
Loss VWi r.s.l .1.7
Loss 244, RSI 4.0
Loss .' 123 0 0
Western Railway for the month of August
'from mines along the company's lines
and from other railroads were 2,4W,S0S iiPt
tons
Fiximj up Untl tic a' ho'ipr iou Imrc
purchased or rented? If no, makv t
notr of thin:
When Buying Furniture Our
Charge Account Plan
Is nt our service. The ran featnr" m' ihis
plan Is pajlng jour o'tount as Mint im urn"
permits.
WHY NOT OI'UN .CCOrT'
W. J. McCORMACK
THE HOME OF GOOD FURNITURE
4035 Lancaster Ave. Doth Phones.
New Stone Houses
nov I .p. up unipi
hi-i'ik tf tlun
iKMlJllfUl Om1'-
NASSAU ROAD :
iTll-t Miri-t nnllli f .telfelMin SC I
Something ENTIRELY DIFFERENT
'I I"""' Iihiiki '. ale ull Mime, of tile semi
ill, urli in li,e. Huns are ::.! feet fron
luilli "li Im ')" foot nlile, huppllml vltb
fi-nllal plutll hen! These houses b.n e
r .im hImiI . i mneulenre that Is pos
sible to ciiulu the mmlerii house of toda,
liiclu'ilnt,' inurble Humei baths, etc.
W. Percival Johnson
BUILDER, on Premises
ni iii S!i l,.i, ir aster Venu
i" Imurr-s may . rea, he'l eltlier ia
i;i..at.l poplins iioirii up Outii street
uvibioiil' ir un An li sirpct. nr P. n It'
(.i.'iiinr "IT u' n"il,:uoi. Station " "'
FAILURES THIS WEEK
Commercial failures tills week In the
t'nlted Stntes, as reported by R. G. Dun
& Co., are SSI, ngalnst 253 last wool;,
SC4 the preceding week and 2S2 tho cor
responding week last year. I'ailuies in
Camilla number r., against 19 last week,
03 the preceding week and twenty last
year. Of failures this week In the I'nltod
.States 115 wcip In the L"ast, 100 South.
Sij West and 51 In the Pacific States, and
1,15 leported liabilities of 13GCV or moie,
against 91 Inst wePk. Liabilities of com
mercial failures reported thus far for
September ate 112.777.IjC0, against $7,1UM03
last par.
HILL URGES PRUDENCE
ST. PAUL, Sept. 19.-James .T. Hill,
when asked by a representative ot the
New York News Bureau as to effect of
Kuropean war on general business con
ditions, answered that he was not a
prophet or son of a prophet, but he ad
vised people to bo "prudent and careful,
and not to bite off more than they can
ohew."
$300 CASH and .MONTHLY i'AY
MENTSofSar. (of nlileh .", reduces n secon I im,i .,Bi ,
will soure n new pun h rmnt r I., in--nntalnlns
looms, m.-hui hr. t, liu'.ii
hall, etc. Turthcr pnitli nl.ns n,o i rqi. .
I'OTTS & TOWNS END
1905 Baltimore Ac.
EVERYTHING FOR SALE OR RENT
THE CHESTER AVE. SECTION
STOISHS AfAIlTMi;.VT.- HOL'SUS
If il Is nut njn.eiiii.nt to ea iiurinc ths
i.i. inn our ,iui ace ni" at niglu. JIv ofHcs
an-1 Imnn. n-c iin-ier tho sam roof.
DONALD V. REDDING
S2d and Chester Ave.
TOP
Ti:i.f.MlQXE
Hell, llelmont Glii
lc stone. West 107
Philadelphia, Pa.
BAR SILVER
Commercial bar silver is being quoted
In New York today at 51s cents. In Lon
don bar silver was down 'id. to 2-1 9-1'Jd.
niJAi.
JlSTA'l'G F(2Is,J.I'.
General
1911
Sept., 1 tveeK. . ?,41tl.in!i
Autr., 1 T.-eek.. n,S87,0rj
July, 1 week.. U,57a,lB3
Net earnings of the Chicago North
western Railway decreased 1511,231 In the
year ending June CO, 1914, when compared
with tho same period of the previous
year, according to the annual report just
Issued. Tho not earnings for the year
were 12l.271.SCf). The total updating ex
penses for tlw year were 9,403,lll. of
this amount $12.179.''"S9 was for charges
pertaining to the maintenance of way
and structures.
Coal shipments on the Xoiiulk and
AlWimiKNTS
A NEW OPERATION
or
THOSE
LOUGHRAN HOUSES
ICS.T LIKi: TIIR l l-i THAT 1VC III II.T
AND SOLD LAST YEAH
See Sample Houses
4832 North Fifth Street
Price $4000
ALSO
516 Eleanor St. Price $3200
Thho hae pan h fronts, all modern 1m
prmementH baaomeitt laundry, electro
llffhto. Built vttu th Ktabtlliy thar hai
made the Loughran house a standard of
good ronstrurtlon. See
JOHN LOUGHRAN'S SONS
5TH ST., BELOW ROCKLAND ST.
New Homes Nearest Centre of City
Spring Garden and 41st Streets
ArUlTJtKVIS
we for complete Information H
W of all eft j and suburban v
' Jl""'" S:;-'' " -
V ' t,
iy-'A',vS'-9' "' l y. (. ".-, ," ftrtASr ,
'' 'JAWHM4i3SSra 4$ 7
fimZ&imcJ mm
. ?:''..:.''' ea prs fs KiSn
tw:m mm a irm
"'
U&&iiW
W(hnmm i
fcl B
1 1 r raw "if i
"?? t'. ' , irfVjSQfvsisraK
jt
tu I 1
slt j S3
SljUS&HI SwmSU
Tl' -----
j-
fi&3&KxsfiZ
vW5WWWt4MV"
13S;..
' . 9 wm mmM i
-it?5l t5f,-J(Siaiid5f .
lemtHfiffffifif jr
"i5 ""tim .,
t tossnrsffip
Rf 41 If';
ili4Nj --
,, &&k itaiiffT.t?.S . ., lif
n S riH.ii;., Imac icrracc. Uounc ui-1 a, l.hmm: lioi-uaicr heat;
p.iuuetr fK-.r., I.a.icnitiu laumlric!.. ttc
APARTMENTS
PALMER & HIRST
k Apartment Spccinlists M
iP&k. I'hon W not 143 P
v Real Estate Trust Hs!
BEASE IN BANK CEEAHINQS
ut ofel"a News ureai Pmt8 uut
Vnittd s,..0 eeve" Ur cl"es '" 9
"wStiin'f n,y ne NeW 0rlan8'
Dr.Don '"crease this week over the
ute Tha,L8ea thrush the during
Samh, with it coUon movement in tlio
w,. Is h.i "ins uaiiKin ous- i
WMiUons Ji "wnormaI cause of war I
ta"le of s?ar,n" '" that city were an !
The la, 3 per cnt-
Strillli of d-ea8 in clear- I
tstBr11" 'JJ Baltiiiiore; O.0J per ,
"so. 8 3 per cent
G. Franklin Davis Co.
Colling and Richey Aves.
West Collingswood, N, J.
Phila. Office, 240 S. 3d Street
Collingswood, N. J.
Cornr lot. goo.1 la. it ion fur Umlntsa.
Valuta iiicremlnr.
Fine lot Ucios the Knlghi riK
10-room rtvulllng ail ionenItocs, lining
the Knljht Park 4S60.
rsrsaln -'J'-tory brli-Jw dmny, JJ303O,
$ '50 i-asb. balance may remain un mort
aiv pajable a re"'
RIDLEY PARK
On HMIey Avenue, ut tha lah naw bung-alow;
MMn?, dining, model kitchen, .1 WJ
rooms nd bath, room foi 2 room In iconil
atory; hot-water heat, laundry. haMwooil fin
ish, front and tide porchea. lot. BOilTkl, old
shade, iaku iew; price. $I2TiO: only "no left:
termi lo auit; will meet train or trolley with
auto b appointment. Filbert 4103 W
E. L. MOORE
917 South 15th Street. PltiU
viu7exchange CLEAR
for othei property, clear or morlg-atea.
l-"arm Lwiiii
Dwelling aTOU
ilarago aite. 10,(iOO s.j. ft (li.l
Tioga I)elllnz 1."!
farm near nation 10,000
Seajhore Bu. Itloek U.JOil
illy lijta i'4.tOl
Seaahor Ground ao.non
suburban Operation . 4i.C)rt
lelaaro Co, Ground 150,1)0
JAMES H. DUGAN "'gf"
UUANKWlTrMrTlN
LANSDALE
tULV i: THE COST OF UV1NO PROBIJJU
5WO POPl'l.ATlO.V
i MlNt'Tty FROJI UKADlNa TEIIMINAL
15,- COSIMCTATION VATXB.
M3W T IN BRICK HOUHKS; ALL CON'VB.
NILNC-a, JSUO TO 34W) TERMS
X. 8V1T.
tfi( ran pfs iiirrjvi: rirtrii.AR
.f AN Itt J C LWARTIJ-'IT
t' . f 1 i If- Jji . ) a
Housekeeping Apartments
BACHELOR SUITES KITCHENETTE SUITES
FIREPROOF BUILDINGS
Comer 18th and Walnut Sts.
Corner 15th and Pine Sts.
Corner Juniper and Spruce Sts.
Also Haver ford, at Station
McILVAIN & CO., 1516 LAND TITLE BLDG.
MAGNIFICENT TWO-STORY HOUSES
.-, Imac icrracc ilounc unl (-as l.Jniiiy: hoi
paiiuetr fK..r, I.a.icnitiu lauiniricij. ttc
Prices $2950 to $3750
TERMS TO SUIT
You Can Pay More, But Why?
EDWARD F. GORMAN
BUILDER AND OWNER
on Premises.
SAMPLE HOUSE OPEN DAILY AND SUNDAY ALSO EVENINGS
,r.7.l"s l"P"'n- "n I. r, .. i. i i.i.,n,i,i .il,.., i. i i ,.,i.ri ami Fouth
iV. '" v '."r h'''" """-: "ii l..i !' m.rii hi in In c Vr h itrce- . arj
P4S:. 111!, jj.l l.,M'l nl I ili p- i.pi-rli-..
Otrrltrnnk
Otfrlirimk
A "N A POL EON J C SUCCESS"
l tht' crdU-t nt tlu- rm; ..i H..iik liu-i. Who Have
Beer. J .uiciiiQ and lu-ieini:
McGarvey's nVERBR00K
J HOMES
PHce $3700 H2d SI., North of Unisdowne Avt.
Only o' LeflSmritiuler in Time
JOHN N. McGARVEY
Builder and Owner, on Premises
.I.. an uuviiii ilntlt si.vit v- Oierlnoak cui Kill pu jo,(
direct to opt rut inn for uue fu,v.
Suliurbatt
Miliurhan
if -fN v,.NsV
M
olinctjuvst
1012 Spruce Street
ONE AND TWO ROOM APARTMENTS
Well-appointed dining rooms with separate tables for each family--
"Meals that please"
The comforts of a luxurious home combined with the sen ice and ireedom
of an apartment house
Telephone Connection Referercs Required -A
wiiiWHrtStfr&iniiiiii n m m naateaMMi
ai&MASSEV
.LJfS
S
Iff ! Illlllll lilllll 11
mis is iiir inn in iu iiws i im ii.i.ii , ti i vi .i ii ..... i
MUIIIIIUIIM.MHMIM IIIMIIIll s, HUllh HOME
ni l.
MPII l- i
M 'It
- I I I I II
M I 111 I
h V I II I. Il - UN P (
1' ' " I I 1 g I 1
. ir 4p, li S i i . , h
I i Si-x-'li. I ,. ,. , .,k,, ,h ,,j a
i M4U011 .SHlllHl
IN I ,nou .
A M. II. l .-K i ,.,, .,
r .! i i ba.hi Kn i-Iij . i , i j,
r .i gam trt i t h ctra i h .. ,, ,) ,
i i j.1 r- ocniffr . j,-,, ..,, .,,
W !' tvto bin-ka of elation.
m
N iil'l'llllll Ml)
a 3
i il ti
1. ' i ! plat i
m i. ..a ii
' ' ' ' p f 13,001
i n iu. HhMoiu i.k;
. ,i i.. ban Uc-tia o d-
' i. Ira i-.i .1 -H .h3
ant .., k. iMen
ii 9 dag u ( i"ti raiH
Ti 7IMU
feiiPiLMATEmUSTBLrjr
M
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