Eif2Z3
P?S
BVSyiyd- tEDGEE-PBlLADBLPHIA, aATTTRPAY. SEPTEMBEB 19, ..19.14-
1S
INANCIAL ANL) COMMERCIAL SITUATION HOME AND ABROAD
FEDERAL BUREAU
ffl-END BRINGS
Ibetter FEELING IN
i: FINANCIAL MARKET
I
j sees Better outlook for
IRON AND STEEL TRADE
At ... V,l,
IN ft W i u i
l Houses Will Again Solicit
New Business and Phila-
f delphia Will Follow Suit.
With the end of the week comes a mora
. .. ... flAnrldl circles to
renew aispujiuu'
Expert Says Prices Have Already
Gone to Their Lowest Level-,
Is my firm conviction that It will
long time before we again see n
prices for Iron and steel oroducts as
we have seen since the Ilrot of tho pres-
f , ent year."
InVCStment Thls ,s ft 'tatement made In an Ihtr
, view by Frank Baackes. vie president
and general sales agent of tho American
Steel and Wire Company.
"It would seem." he says, "some people
looked for an Immediate boom In Amefl'
can trade right after the declaration of
war In Europe, but there came up several
complications that delayed matters.
Trade Improvement has set In, however.
It Is gradual but persistent and e shulj
continue to tee good results coming from
It from now on "
ANNOUNCES RATES
ON WAR POLIGIES
PHILADELPHIA MARKETS
3
UrCAli ESTATE FOtl SAIaB
VTe.t l'lilladflnnlit
1 rooHr,
17fllc
llflI2r prln(j rhlrkmn, fine. Urn",
ilo. meHlum r". 5'jMO'- ducks
GUAM AND FLOUR
Ff.OUIt..t-nclpl. lflOrt tibli-. 1,32.400 Ibi. I old, HfA14e , do fprlns 14171",, . gulnMf. r-r
In ncM , The insrkot quirt, tint Arm In svm ,.,. , ,.-ii,in o ii,k ami nvr unlrce.
tmthv with nhMl. nut ry llttlr- 1mi.m1 , falN 'oun"'",g ,,',, , , Zn,
Winter, clear. H T.lflSi rtn. rtralitht., I.lfls SS, ' TOo.i .In.. uelRhln 1MM". ll,. aple. ffMjrev
Ol.l
v.
ent, .X.4'IOJl,iJi Kana. trnllit
M
particularly active
and the better
'ttxti the situation as exceedingly favor-
Jhle Events or me iiu. w ", -iont
much to clear away the clouded
Lon-he.e od condltlortB - RlvP more
ftnmlu of an early return .u m.. ......
Ln at anv time since the great
K.Mmsan struggle began
tendon has ueen pc
',. m.iatlinc confidence
iu '- . . ... .... --.
lln thre influenced largely ay ru, .
S iontinufd v. -torles for the British and
French armies nas ueen .." -..
, markets In this country. Broken
M the metropolis are sun ..."
i'Hy openlng of the Stock Exchange
J;e ,o marked has been the general
iSpwvement The exchanges In Sydney
isd Adelaide will reopen for business on
fllohJs d here ls a chanC0 that th
Vdboume Stock Exchange will follow
tjit ivmt time later In the week.
'Collapse of the foreign exchange mar-
ttt has helped materially In the general
iiajuttment It touched a lower price
i,,. vetterdnv than at any time In six
neks, the principal Influence being the
iucccs'sf.l j'tllement of a great part of
3 counirv s fon-lgn Indebtedness. This
Vw hdred alons very materially through
of the .New iorK uuy iia,,-
BANKS MUST STOP
HOARDING MONEY,
M'ADOO INSISTS
No Risks Will Be Tak.
en on
Cargoes to Ports in North,
Black, Baltic or Adriatic
Seas or the Bosphorus.
no., nat
jncK, x.t.i'iioin mi, no pnini, jute mck ,.hii nlirnn. tvr ruilr 1.ilir J
VWfVZn',2"lSJri!3 WJi.-min- IWk IIIIKHSnt). Tlie msrk.t Arm on -IwlrnhlP
tJ".2-'. fe 9?rf iT",eiiV. Ji2nVi Vlnt ,l"!k- v,,h demnn.l -quill to th- llmltwl ofTor- I
brands, W.M&. M.'W' Pi'11' 'holro nn,l , ,,,, Fre i-l l'l foi. por lb.. ptt-il-rt
. fsnry patfnt, n,sXfl(l,T. do, ruiilnr umi'o- i'.;,:. n r.n n.ihino. n.w, .lhi. I
Winter. tenr. ! T.-MXi do ett-alfflit ISflS VTi -,I?-V ...' .....li ..'."-,--- oo .
. . . ' wettfh ne H' Ins flPK-e. li'riiSf.
niii iirrn. hi tu
rtn.. pfttrnl. r, fiOWO
irvt: ruiun. rjtiiet.
..vj per nui t in ooo
PROVISIONS
Murk'l ntill but ten,l-. nt hf, In eta,
smnkM nnl slr-drled, .1IHf12c. . Welern bf.
In set, emokeil, Sl'ff'Wo , cllv beef, knuckles
find tendere, smoked And alr-HMed. n2(5ai" .
Western beef, knuckles nnl tenders, smoked, R2
MIC : beef hams, f 400 It, potk family, fSdfy
i. tmms. p. l'. rurerl. irore. nt'tuiu'jo . no
skinned. Iooe, l.Vitrln. rto , do., smoked. 1M?
Exporters In this city received today I "' ,r'sm0,VadncC,:Vh,:r',in,io,kefl0
from Washington th- schedule of rates I 'SSJi, Tv' n?Z
fixed by the Federal War Itlsk Bureau I Iooe, 12B12i,jc . do, smoked 1191444
- ..i- ,.... .-. .. in,' i bellies. In pickle, according to aerae. loose,
covering Insurance on cargoes destlner. misr i,renifi hnn. m i,rnd en.l
r .i. .i,i,, n -11 .hinnanti I ww, city riired. MB24r: breakfast I f?,10'i.1
u. ,.,,, o,F, ,... ,, ,, ....i-......D haConi Western cured. 22S24c: lard. Western ware, per
between ports of the I'nltetl States and I refined, tierces, imoll"!'-.. do., do., ,lo.. 1 'iff4. Plnei
neldhln
old rooter. Ar
rhlckens. tiearb
irbv.
fair
lbs and under aplere. in,
nllairf l.1Ur . hrolllni?
welshlnic i'?92 lb nldrcs". lPf720r.. do., fall
to gooiK lrffline . ehlrken". tveatern. 1411
lbs. fiplern, H10.. do., do. If'sPI lbs. apiece, 10
fll"e i hrolllnu rhlrken. Western, weighing
42 lbs. nplere, 1T1H' do, fair to good
I.IWItlo.s s,liabs per do, nhltr. elahlnit 11
112 IPS. per nor 'uwtm uime. nntmni
M10 lb., rer do . M1 "ft. w bite, welching
ler HIT... a..7( -a,
l lh ne
dm. f.Tip2.
do d 1 .
do do I'flfli. lbs. per
1 No Z, tll,r 1H1.M1.
0:
2.
1 mai.CO, dark an
FKKSIT FHlil'IS
Market quiet nnd nlthnut Impnttani
init 11
Ighlna
lbs
dux.,
Apples, twr
Secretary Treatens to Recall
Emergency Currency From
Bankers Who Deny Loans
for Legitimate Commercial
Needs.
WASHINGTON, Sept. 19 -Drastic ac
tion against bankers who are hoarding
money, denying loans for legitimate pur
poses to commercial borrowers while their
vaults bulge with "war emergency" and
j other currency, Is being considered by
I Secretary of the Treasury McAdoo.
1 The Secretary and members of the ted
I eral Iloserve Board admitted today that
j numerous complaints agalnit bankers are
I being received. Recall from offending
, banks by the Treasury of currency Issued
for the war emergency tinder the aVIdrlch
Vreeland net unless the hoarding ceases
was being seriously considered today, It
was reporter!,
1I11 flotation
foltW bond and corporate note leue,
ihkr it wis announced today, had been
enitu'bscribed The break In exchange
(.Urates a return to more normal condl
vZ In our trade relations with Europe,
liTpeelally Great Britain Exports have
'Sri growing to a remarkable extent.
" . (-...-iia.-. nine rt t m tnritiv nnii
v Demand ore"'"':':"" "".'.. .1. State banks, which cannot tin renched
aatec recOVerea Some Ul juniciuaj .-, -a--- - --- ---
. Milins- strong at 4.35H to 4.D5'A. b the Federal officials, are also off end
There a a fairly brisk demand, even lnj by hoarding their money, It waB stated
8t the higher rates. . w,e m,ons of dollar of ,,crg.nc.v
nlt.l, KKSt'ME BOND SALES j currency have boon poured out to th
The Philadelphia Stock Exchange Com- 1 banks, manufacturers and merchants are
miitee of Five and the Committee on oeing turneu clown when loans are re-
" . ... , -.i .. n 1nn M..na..1 HJ ,.. . , . , .
iu,:3liu ituu uiitresi ciiHrKfs uuosiPri
Cnll'ted Securities have agreed on a plan
for the broadening of local bond trading
by which bond houses will be permitted
to solicit business
An announrpment to this effect will be
rna.de at the Stock Exchange on Mon
iiy and the Bond Committee will nlso
lend out r letter on tne 'sunject inr
rian ha the sanction of the Clearing 1
House, and simitar action has been taken ,
I In N'ew Vork
Restrictions on traoing win e rnon,
10 as to allow the sending out of bond ,
isJrtimen. Kfinnce of circulars and other
idvcrtlslng and solicitation of business
en the basis of prices approved by the
committees, fales to be only of bonl3 1
he'.d by the firms offering them, and
only on a cash basis '
Anr.ourcrn-ent that New York invest
rent bankers had decided to again put
throuRh rales on a large scale and that 1
Philadelphia firms would follow suit noxt
week save added strength to the situa
tion A committee will meet In New
YorkdIIv to pass on all sales and their
restrictions will be stretched so as to per
mit transfers at lower prices, If neces
nrv. than 1I11)" which 1 tiled when the
Exchange doted .lulv 3')
This Indlca'eH very clearly a llnal re
turn to more normal conditions, slni-e for
eeki the brokers have been restarted
In .ale t" the last olllclnl Exchange
prices There la a possibility that a slml- ,
!ar ruling till be made here At nny
rate, brokers and bond salesmen nr
trushlnc; the aerumulated ilust from their
desks ind ,hlr- and are getting in shape
J for a more n, tlve trading all of which
forecasts the return of a brighter situa
tion The Y'U Vnrlf C-n,,iillloa, fit 52rn.
liter rontinued conference with the
tlarlns II, n-.e Cnmn'itteo nnd the Stock
Exrsnirf r-mmlttee of Five, mnkes the
fo'lowing announcement '
'"Vlth 'he 'onciiienie of the said cmn-
Mttarc ,t t the tlnderRtntidlnE? th.lt
ac
cording to comphlnts reaching the treas
urv Many banks are nlso said to bo de
clining to extend maturing paper.
Hoarding always occurs In times of ills
tress, but with the treasury dealing out
currency with a free hand there Is no
necessity for such action now. in the
opinion of Pocietary Mc,doo, and the
reserve bonrd
Betwe-n October 15 and November 1
the reserve board plans to have the new
currcnev system In operation, and mem
bers believe present hoarding will then
cease.
Its possessions or any nonbelligerent
country In the Western Hemisphere
would be ti per cent.i to nonbelligerent
ports not north of Havre or east of
3lclly. 1 per cent ; to all other ports, m
per cent. On vessels between United
States ports or Its possessions or noli
belligerents In Western Hemisphere, &
per cent., to nonbelligerent ports not
north of Havre or east of Sicily, H per
aa "aai, .
cent.; other ports, 1 per cent.
Time policies will be Issued for BO
days only at a 2 per cent, rate or In
spcclnl cases i per cent. The rat-s are
alt subject to change without notice.
The bureau alpo announced that no
Insurance will bo granted to vessels
bound for ports on the North Sea, be
tween the latitudes of Chrlstlansand and
Amsterdam, on the Kattegat or Baltic
Sea or adjacent waters, to ports on the
Adriatic or Black Sens or on the Bos
phorus, without special application and
rates.
Because of the exceptional hazards In
volved, the Federal bureau will consldet
these special ports only when applica
tion Is mnde to It and It reserves tho
right to decline nny risks to theie ports,
or. If accepted, to name such rates as
may seem In Its Judgment adequate.
Declaring that the organization pur
poses taking a vigorous stand against
any attempt of the Legislature to endan
ger the business of members or deprive
them of rights as agents, the lnsuranco
Federation of Pennsylvania declares that
legislation such as 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 affoct
Ing casualty, lire and life Insurance
agents.
Texar' Secretary of State charges there
Is a discrimination In lire Insurance rates
on cotton against the farmer He says
that cotton In yard is ft. SI while J3.50 Is
charged the farmer for covering cotton on
his premises Nothing Is said, however,
about the dlffeience In hazard, according
to th underwriters.
I, tierces, 114011"4o.. do., do.,
114imir.; lard pure rt.
ed. In tlerres. 1liAi2c., lard
red, in tuns, 1
.SUGAR
kettle
pure
hang.
bhi tlraiena'eln. M.Mir '.
other rood eating wirletlea.
medium. Ilwf2r.il apples. Dels-
hamper. 30Dr lm"ti. per oox
nitish. 12..VIW1
'1111
imp
rifN. Pineapples, per rratp--I'orto Hlco. JI.2.',7(
Market oultt at luotitlons Standard ptrsn
ieo. i.nijr nne .-renuiaten
uU
ed. T..1.10 . confertloners' A
u.ingr.oic
21e . powder-
13c soft grades
DAIRY PRODUCTS
IIUTTEIl. necelpts of desirable stock
llrht and prices stead), tut trade quiet v'
err. fresh, solid-packed, creamery, fancy spe
cials, 34c. extra, .12c , extra firsts, ale. . firsts,
2P4t7-W.e . seconds. 2?402ft4c, ladle pack
ed. 21323c, aa to quality, nearbr prln'a,
fr.ncy, Mc, do., avernire extra '31M1C, do.,
firsts, .WfflJe,. do, seconds, 27fl2nc. Special
far.cv brands of prints jobbing at 3ni41c.
"OOP. Demand equal to the limited offer'
Ings of fine fresh stoek. prices of niileh stead
ily hsld In free cases, nearbv extras. Hie
pei doi. . nearbv firsts, Js.40 ner standard case,
nearby current receipts. IT.WltJT PO per stand
ard case U'etem extra firsts. $ 40 per ensa,
do. firsts. J". BOO" 50 per case, do, seconds.
JH.f.c.'gfl.oo pr ease randled and rerrnted
fresh ergs note lobbed out at V,f)1Tc per
do? -o quolltl
CIIKESE Offerings light and market firm
bu- trnoe quirt New , rk full rte.itp h te
1H'if7lfl4e. do., do. fair to good, l.Vj7inc. ,
do,, part eklmstlffr.
' I-OULTHY
LIVE. Choice stork firm, hut ordinary 1 UTOe
poultry dull nnd wenk Fowls. lTf!!""- . old 1 fal.
.7.1! Florida. tlfrZ.Kn f'rnnbetrles. f'ape Co'
Karlv Black, tier bbl 4 r.lKf.',. f'ratiberriee,
fape rod. Karlv Hlark. per Tale. Jl 7.V3'.,
I Cranberries, .tet-sej per crate Dark, It.".'?
22,1, light, t71 2.1 Huckleberries, per qt..
I 4i?fe. Peaches. Va. ter 2fl lb basket. SlUfV. ,
'do, do. per crate. ,."' iftll KO, do, Pelanaro
and Man land, per basket, Zfig7,e do. do,
per crate, T.V 9I1.2S, Peaches t'ennavUanla.
pe Ijasket liarge white or ellow (VJOc
medium, RSff.Vic pearhes. Jere, white, pel
"-nasKet, ancw,i. an. 00. yenon, per n
basket, 40c SI Pears, nearby, per bbl Hart
ley. No. 1, IV30. do.. No. 2, $2 75fi.1.2
Clapp's Favorite, Xo 1, 1.1 ,VHIS do No 2,
2.78'ff.'l 2.1. other varieties J2JT1. pears. New
Vork fieckel, per bbl , lifts. Grapes (Southern
Delaware, per carrier, 40513c , grapes, Con
cord, per crnte, 40'SWc Plums, per 8-lo
basket, 200'jSc. Cantaloupes. Colorado per
crate, ligt 21; do., do , flats, lOflfiTic. tVater
melons, Jerty, per 100. f5nl,1
VEGETAIiLES
Potatoes quiet but eteadv. Other vecetRldos
showed little change I'enna: choice, ".ig'.'.c .
do, fair to good, 0SWl"e. . white potatoes
Jersey, per basket, 403 ISc. sweet potatoes
Rastern fihore, per bid. No 1. tl.TSt)Mi.13, No.
2, 7Se.9',li sweet potatoes, N C. per bbl
No. I, .11 753-2, No. 2. i.VBl. sweets Jer
sey, per bbl. No 1, $2.W)H2.7.-, No. 2, Jl r,0fl
1.7.1: sweets, Jersey, per basket. 409 Sue.
Onions, Western nnd Connecticut Valley,
choice, per 100-lb. bag, $1 IOffl.20 onions. ni
dium, per 100-lb. hag, 51. Cabbige, domestic
nir ton. 5111.1. Celery. N V., per bunch. I"
Musnrooms. per 4-in nasnei, .,- u
MUNICIPAL BONDS
FINANCIAL NOTES
Philadelphia banks hnve taken out
tl27.2.V) emergency curiencv from tho Sub
treasurv In this city, making $D,652.C90 Is
sued thus far
Out of a total of 21 blast furnaces In
Eastern and Central Pennsylvania only
nine are In blast.
Binks gained from the Subtreasury yes
terday D2,oii.
A reduction of 25 per cent. In the ry
engineering force has been ordered by
th New York, New Haven nnd Hnrtforil
Unllroad.
In the mailer of a proposed fnciease nf
15 per cent. In freight rates, the Oulf.
CoIoiriIo nnd Snnta Fe will start a force
of expert accountants nt work preparing
data lo be submitted to Ihe Texas Itall
road Commission at the public hearings lo
be held In Austin, beginning November ."J.
rjoyernnient repoitu giva. the rondltlon
of sugar heets on FeptPinhr 1 ap p2 S per
cent, of normal, forecasting a yield per
acre of about I'M pet cent.
Chester Issue Taken Here More Of
ferings to be Marie.
An Issue of J'5,000 paving bonds by Ches
ter. Pa., wns awarded to E. J. Coleman,
Philadelphia, at par and Interest
Hid3 will d received until September 1?
bv th 1'urgess of Hancock, Washington
Countv. Md.. for "10.HJQ 3 p"r cent, water
bond"
Lecchburg. Armstrong Countv, Pa., will'
not offer (wi school bonds until .tune,
161.1.
Bids will be tecclved until September 2-1
by Phllllpsburg, N. J., for $13,000 1.1 year
4s.
An ordinance, calling for n vote nn n
S1"O0,0O0 bond Issue, was Introduced In
the P.eiullng. Pn , Council. Tim lonn m III
bo voted on at the general election, to be
held Noxnmbcr 3, and, If approved hi the
voieiB, the tnnnet Is in r 1 1 sj( J fllr Hie
following items- New city hall. f.'AnOO;
storage teservnir, $IS0.fm, Bnd for parki
nnd hnulevnrds, "i'0.000; Improved -I reel
paving. $250,000.
RAILROADS SHOW A
CONTINUED FALLING
OFF IN EARNINGS
Western Hallway for the month of AugUBl
from mlneM nlong the oompanv's lines
and from other railroads worn 2,45",S03 net
tons.
FAILUKES THIS WEEK
Commercial failures this week In th
United States, as reported bv It.
Sc Co. are 331, ngnlnt 2 In'
.W the preceding week -,"''
G. Dun
f W ek.
Wm.H.W. Quick &Bro., Inc.
8 South 40th St.
Direr Ihe Following Properties for Sale.
3900 Chestnut St.
The best apartment site In West Phila
delphia, lol ino220. fronting on .1 streets:
good eeatlon; hlgh-rlasa surroundings!
excellent car facllUles Make an offer.
4207 Walnut St.
t,nt Rx21fl ; a serai -suburban home with
in i-lty limits, old shale, large- library,
reception and bedrooms, modern plumbing,
one of the finest nn West Wnlnut street.
Must be seen to be nppreclslcd.
3827 Walnut St.
fl story seml-detnehed stone-and-brlck rea.
denre, containing 11 rooms and many
unique featurea, beautiful outlook i must
be sold reuardleas of rost.
932 South 49th St.
A hariealn' 12-rnotn huUf Imllf f'V Mu'frJ
flron ; hardwood Onloh thrnughotit, Hor
IfKhtn, xlunlvp nlKhhnrhoori Can h
noM rlone to flflpnf vnluftllnn.
3809 Walnut St.
,Mniirjn t-Rinry cpiiiI drtrhp(l iutllrtfr
ot n KtfinUy rpl'irt-f prl f . iinmirpflpuprl
lornHon nnd mndlHon, !.nutlfnl outlook.
518 Woodland Terrace
Newlv '','',' wrl ni.r.t"i1 'T tnry slfl1
nrr rtrlflti lot .inrin. pnnthfrn px
pouff . Iafjr ronmn airl porches. To he
noltl at a Rcflflc
4007 Spring Garden
3-storv ho'ise convenient to t. and sur
face lines newly papered and otherwise In
perfect condition. Itedti'ed prlre for quick
sale on account owner's remonl to ,-ountrv
Mr
JlBAt E9f ATC Ftm 8AI.H
Vl Phlliwtelphl,
HOMES AND INVESTMENTS
4206 SPRUCE STREET
I S story, 14 rAoms. 2 baths, side yrdi nV
1 plumbing newly papered and painted.
4030 SPRING GARDEN STREET
3 storv 12 rooms, modern plumbing, flrsf.
class condition, near elevated station, price
I 'OW360 NORTH 42D STREET
Vow, 2 story, & rooms, porch, reception halls
1 no 'nrs nn street, very desirable,
I 3248 SANSOM STREET
.1 storv II roomi
' venlent lot-atlon, rent
mndrn plumbing eon
V4 . will sell for J300O,
1 4400 SANSOM STREET
i-nmer 41th street 12 rooms, near trolley i
examine and make n offer
. , 607 NORTH 34TM STREET
.1 elory. 1.1 rooms S baths, newly papered
nnd painted, near Kairmount I'ark, no reason.
, able orfer refuse,)
I 410 SOUTH 43D STREET
II mom flhrl pnr'h mnrlarn plumhtng rtrst
clai" coTTlltfon, pHfp r'l-i'r1
$11550
2 etnrv 7 rooms por, h an rn"".n!enees
near elevated, ren'-d a' J1I s rv,ap homa
t and good lestment nrt q.iirkly
! J. B. R. McCLURE & CO.
Doth Phones. 18 South 40th St'eet.
Fixing up thul net" honne i)ov hove
purchased or rented? If so, make a
nolo of this: j
When Buy.nR Furniluro Our
Charge Account Plan '
la at your service. The .a3v feamri of this
plan Is paying your account as your income I
permits I
Will' .VOT OPEN
New Stone Houses
non bpirift cmplp'fl in . a't!
hrnok Rfftion
NASSAU ROAD
In leautifu! Ova-
Ee--eer
fjti & V,a
(First atree' co.'h of Jtffea.o-! S 1
Something ENTIRELY DIFFERENT
The.e hmnet are all on of "-e sem
"(urban 'ipe Houses are 21 fee' front
built on lot as feet itde eupplied Ti-lth
fentrnl plant hea' These house hi--a
evrj rnnreivahle convemenre ,na !s pos
sible in etiulp the modern house of today
in'ludlng marble shouer baths etc
W. Percival Johnson
DUILDER, on Premises
or 4'),)! l.enenster ,n ie
These hmi.a. mav be reached elihe- a
Klevated passing north up eoth siree
nierbrook cars on ,r,h ttrret or P R H
getting off nt Overt, r.mk Station '
an Ar-rorNT?
W. J. McCORMACK
THE HOME OF GOOD FURNITURE
4055 Lancaster Ave. Doth Phones.
Inromp Rprlnrrr. Mom Than responding week i:.-i
Canada number 55. ngiilnit U I i-t o.,,.
53 the prnrp,llng week nnd twntv lnf
year Of falltiren this week in tho I'nlted
Ptates 145 wore In the Knpt. let South,
$6,000,000 in First Week
of September
Roads Hard
Slump.
Cotton ?" Wo!,t nni1 I" th" I'ni'll,'- Statwg, and
,.,., H'l'WIlHI .1.1 Ul U..", ",, "- 1)1 lll,l .
ngninst 91 lust ivnok t.lahllltlon of com
mercial failures repoitt'd thus for for
Soptemboi- me J12,77T,Cip, ngaln't '7,112,10.!
last yp.ir.
Hit By
With few exceptions. gro33 earnings of
the railroads In the United States for the
ftrst week of September continued to show
HILTa URGES PKUDFaNCE
1 ST. PAUIa, Sept in.--.lamea .1. Hill.
j when nsked by a leprnbi-ntatlve of the
I Now York News Hnt'-nti nn to enVrt of
decreases compared with the same period , ,.,,,. nit.rt.f ,hn, i, ...... ,,, ..
prophet or son of a prophet, but he ad
vised people to be "prudent and careful,
and not to bita off more than they can
. chew."
DIVIDENDS DECLARED
, Intm national Stonm rump Company re-
ceivniK nave pen authnrl7pil in Issue re
ceivers' rertiriciitPH for ,V(i,onn at pipsent
Thpy are permitted to Issue t1.3Sn.0ni) later.
If It Is neceanry.
Plilhilelphli i-ompanv, regular qu.irierh I it
per ent. on mmmon. p.tabe Xntnher 2 In
scrip, lo stork of reord October I Kerlp Is
redceiinhle nt option of th compani on or
before Ma, I. mifl, and will bear Intere.t until
date nt redemption at rile nf a per r.n, nn-
?.hiniVn?Jil.,.'.i,.1.Ji i omriar nl" "lr-'l ; ,,-eok nf Septembei. and th lon ni
regular setnl.l.imul Jl nr ran nn nrararr.il I '
last year. Moderate Improvement l1?
shown by some toads, but the leading ,
systems of the country are generally
below their last year's figures. The fall-
Ins off during the first wek of Septem
ber was 10.431, OT. or 5 7 vr cent. 1
The roads showing Improvement are the
Chicago, Indianapolis and Louisville.
Minneapolis nnS St. I,ouls, Denver and
Rio fcramK Western Pacific, and Mobile (
and Ohio. Th unusually light movement I
of cotton, which Is generally a gloat fac
tor In the freight business of the 1 all
roads of the South, Iiua ndveiselv iiffectt'd
the earnlngH nf th cotlnn load"
To Ibis can ! attributed, In a Lire
incasuip. the smaller 'ainlngs nf th- '
Lnuisville anil NashvllI, I'lni-lnnnti. Now (
Orleans and Txhh, Sniilh.-in anil scuin
oilier larger systems. !oia in th Ws,
and .Southwest sre not as lnig .) form
erly. In asotip Instanci-s, and iud.callnns at
for linpiovemonl
I1AR SILVER
Commercial bar sliver Is be'ng qunied
In Xew York todav nt hl ccnt3 In Lon
don bar silver "in down '4d to 2iD-!;d
ni5i. nsTA-rn rnn sviai:
r.enernl
nolnhlv In ('iiim-iidii nnd
Southern, Missnurl I'acllli-, and Mlfsnurl, '
Kansas and ToNaw.
Th following tabl kIvps th gn.sw ..hi 11- .
ing nf nil railroads In th I'nitci! Stats
reporting to nun's Itevl for th first
d:.ilets n bond-- should he directly gov
trned iv the folloMing rules
'The pte f unlisted bonds nwnd by
the dealer It is thought that dealers
should be fre, to ell such bonds to In
vestors "Thf .-t nf unllMed bund" iinl owned
by the dealer nil sui h pinpoed trade
Mould b. t.i irl hefnrp the I'nmmltt of
Ev, n
'Th' .-., ,,f Hd,, 1 hnndi-. all biii-Ii pro.
PC"d tn.i.o should b laid befoi the
Sti'l. Kxnange "nmmltlfp of H'h."
It ! th, cepei.il expectation that, at
the -ate f progrf--, being mad in clear
ing 'he trade nf nppn contriicl.s rpqulrina.'
International ndju-.tment. the cotton n
clHn?eF nf tb... pinmtrv nrn likely tu be
epn f,,t bunnes inside, nf the tu-xt two
r inre. weeks -
Hankis In chntge nf th sjudlt-ate
hlch tintlerwintn Npw Vnrk cltv's Jinn..
ona.Ofin Inan have annnunced th nvpr
siihKcrlptlnn of th bonds and nnies, al
thnugh dellnlle flgiiies upip not yet
nvnllahle. It Is believed ;n npr cent, nf
the rnnf,,un, . . , .... ... .. . the Issue has Iteen iitken ),. rVirMint,
. ' .,.nrr tiiiipf ny in ... - -,
;r-'Rl v,e.Me rtnar.i n,, n.nt.n.h.r i .,. "okuts or maturing nntes.
"iu,r .ne foreign oxchange situation,
''""ol" "onrerred n th the l,r,i in
Washeiles nf Ih l.ehich Navigntlnn
hich partially re-turned this month are
expeptrd to he In full npnintlnn after
Ortoher I. suh.ct, nf pniip. tn tnule
conditions, which ar now favnrnhl.
Rnatd nf I'uhlle t'lllliy CnmniisslniiPis
of New Jersey appinvd the appllrailnn
of Ihe Atlantic Cllv JOlpptrlc Cnmpanv
and th Ocpnn Cit l.leclrlc Light Com
pan.i fni the purchase of the latter hy
the fniiuer al tffi.M3. The Allnnllc Cltv
Klertrlc Cnmpanv as nuthntUed to issu'e
litVA't preferred stoek nnd 521S.OW Imntls
riiv r,n ii pool, PLAN
" B Koigan nf Chengn; A. II. Wlg-
rn and lleniamln Strong. ,li.. nf New
rnr ,. l,n I, (tile, nf Philadelphia.
"Prfsmting the enrnmitte annninteil l,i
or hankers failed by tin
reserve
.iiitr i nnsiderntlnn of their proposed
Plan to rreit, a gold fund In relieve the
international exchange situation The
e.ram.ll'''r n,iR"ally recommended that a
, SOU fund f jiM.xfl.f)00 , created by .-on-
1,10.1 U"" fro'" U,e 1,anks "' ,he country
cities r"erv" and central
i"'l" .' ' Vnrk ,n 'ompletlng r
ohli.n"n for Pav"ent of its maturing
Mmfi.l "" an ,or the "eeesary gold
"mitUnces tn Europe relieved one phase
to r.7.u' a,lnn sn'1 """1'' " -leslrable
tsro,1 l.r0"8",Pr ih" t)Jeot and de
termine what further relief. If any. was
thih!!a!,a,nk,''s' 'o'liniK'ee has considered
"funli . y. e ,3e"'ahle 1" create such
tlon 1 ,10"-0f,,-0f)" o meet the sltua
th. orL vt"'nx The board leeelved
Jormuu,, "' and ,lle inkers will
for is! "'"" wiving meir reasons
.."' '"'iiy or this action
"port
f.itfn K,,,l '"".""tr"
- u. w, ooara today
and
This
con-
Inteslors here nrp pleaded ullli the
showing made by -ho Oneral Motors
Company for th year ending Julv 31
Fdl, the annual report nf which was Is
sued today. Although the. net profits of
subsidiary companies, $7,917,112. were,
J11fi,72S less than tho previous var ami
Ih share to the liennral Motors Com
pany. 7.g3 f0S. was J1iit,ns5 smaller than
in 1913. Inlerest on notes was hrnughl
dnn to $370,23.1. or I1.1I.3.V, less than 'n
1913. Rut plus after p.ijment of dividends
on prefenod stock was Jfi,3),A.13,
.1. P Momnn & Co. aie. nfferlng hold
ers nf $i.w.nr. Hue Riiilrnad nnies um
turlng Octoher I the privilege nf ex
changing these notes al innturlt fm npw
nne-ye-ir 5 per cent, notes, tn be Issued in
ex'-hnngp at S7, The new notes uill h
limited In aninutil to Ji.SSn.onil nlw nut
stundlng and will lie secured hi 7,(iV).nnii
first mortgage bonds on essential parts
of the through llnp of the Krle betueen
Chicago and Neu YmU New times with
JJ5 for each note deposited will he read,
for delivery Opinhor I
pa ible m cash Noember 2 to mork of rec-
or October 1
j Ashland t'onl and Iron, ouarterli 1 pi cent
, P0able Pertenilier 2.', This Is the Hrst dlvl
dsnd lnre Deceinber V.. inn, . hen 1 rer
I rent. uaH deilnred.
t New Vork Stale flallnns recuiar ,iiirterl
I of H per cent, on the preferred and a quar
terly rtf I per rent, on the rnminon, b.th p'tv
nhle Oriel er 1 to stock f record September
3-. This I. n tedueilon of 14 ,,f I per c-ni.
ftotn tho la.t qunrterly pnvinent on the ,,,111
mnn. Tubn'.n Pioduria i-orimraibui reKtiUr ,uhi.
' lerlv I, per cent on pieferred. pa.eble Or
tel er I 10 stock nf reeord Sepiemher 21.
rtoiilds Man.if.i.'turlni; intnt,an. tegular
quarterh l'4 per cent, on foinin n nnd t. oer
cent on pr.ferred, pivabl October 1 lo sleek
of recoid Pep-ember 111.
Kh.iron St.el ,w,p. reeular qiMrterly I8, per
c.nl , p.iable Opiober 1
CHICAGO 1JVK STOCK
i'llli-.nfi s, ,,1 in . MOOS Iln-elpis
f.nKi. markeie .low m iirnd. mixed nnd
liiiti-hers. WwMiltls Kood heavy. JV ruiflli 10,
rouuh heavi sssafiss.'. 'Isln IS 7.,filM1
,Ik. 8tV.fiS w bulk fIM"fUS.. t-ATTI.R
llerelpts Mil. maikeia Head, beeies S7 in
711 rows and heifers ItliHTS storker and
iee,rr. Jit UI7S vi 'I'exans. 7 'Iki' 00. lies.
flll.VI'l!J 2-1 PIIIIFI'- lle.el,l IWn 1111
kets ias iialho and Western $3 .'11(0 III,
lambs. ils s
CANADA BUYS WHEAT
The Kuropenn ai has pnuseil an piior
minis increns In Chicago wheat exports
1 to Canada hy wav of the flrent Lakes.
I According to figures compiled b. H C
MrCreorv. head of th Marine Popart.
1 ment In the I'listnms nflle iwIp as
much wheat ns usual was expnrted In
1 .Inly nnd August
RIDLEY PARK
fin nidlev Annue 11 the lake new bunga
tr. llln dluinr ni.Nl.l klo hen I bei
nmms and bith room fo, - ro.,m in spread
slnn hot vial hent Uundn hardn iiwl (In
Ish ' front and side enrihes lot. ,VilV ol.l
bade. ,a.V lew pr IWi ,,nlv ',n, 'l
terms 10 ult vt III meet train r trollo uh
auto b appointment Filbert tin; W
E. L. MOORF.
DECREABE IN BANK CLEARINOS
:ht o7 Tu a Ne-S n,,r'a" l"""8 "'
tiBited :...":!?. ,arKe "e ln
ho.d ." "' one- -Nw Orleans,
corr.Lrtl ,ncree hls week over the
e
the
ter of .. 1. '"" y,"ar ,n tr,e t"3'
om, th 1Ses ll,r01Je he clearin
o...:." Though cotton mnvem.n. in .h
"a'itn U'tlh ... ... -. ... ... v..
"Ms 1. bli rauing banking bus-
willt.on, V. .nrmal Mcau" of war
crwin0-f 5'en "" '" lhat clt' wer an
Ti.. , or ' Pr cent
an artr.,. . .. - .
ard M ,n Vork city. 39
. smallest in Baltimore
cent
0.08 rr
. fO... . -,. --------.w, w.v a,
0tt N f- r.n, 0.1U,Ph,a S,h '
vaae9, a. per cenL
G. Franklin Davis Co.
Colling and Richey Avca,
West Collingswood, N. J,
Phila. Office, 240 S. 3d Slrecl
CollingBwood, N. J,
bulnts
Cornel lo' good location fur
Values Increasing
Fine lot facing the Knlfhi Park
10-ioom dweliinc s'l tonvemsnet
(icing
p.rain 2H story brick dwnnni ,3950
1'iv) tgsh. ba'tsct may rtmaln en mort
fill, pa-'b' reo
;17 South IStli Street. Plnla
" WIL.I- EXCHANGE CLEAR
for othsr prorrt tlMr or roorlgaK i
.ims.
pared with the earnings nf the same rundu .
for the corresponding peilnd a enr ngn 1
alsn the loads that lepurted for the,iitue i
week In tho preceding months, together
lth the percenlages of los ciniiared !
with laHt year: !
1'er
IIH I 1'ep,
Pep!., 1 ei,.. in.ini, 1:111 t,H fin.' n-t r, t
Aiik, 1 eek.. .1.HHT.II13 Loss "I I r.sl I"
Jlll. I eek.. ll,,".T:l. 1 .1.1 Lots ! I.'S 1111
N'el enriilngs of the I'lilcngn Vnrlh
wetem Hallwny deprensed fill II In th,
year ending .Mine ), 1S1I, n lien r, implied
with Ihrf same period nf the pipvi.ni
year, accnrdlng lo the annual tepnrt tui
issued. The net earnings for the seat
wire ft!l,S71,!XX), The total npri.iting -penses
for the vear weie mi. -. 1 11 of
this amount JlJ.lil.ii!) uns fnr ch.iig.s
pettiilnlng in the maintenance ot wav -and
structures
Coal shipments nn the Norfolk and
.VrAltTllKNI'.N
A NEW OPERATION
or
loughr'an'houses
icst laiicc Tin: ii-, th -r ivi: tu n.r
AMI Slll.r, l.Ael- i K.n
See Sample Houses
4832 North Fifth Street
Price $4000
M -I.
516 Eleanor St. Price $3200
TIih hm ' pti h ffniifj nil mmlrn Jm
prnvpnin' l';ipmm iijn-1r rtprrrlt
llchtP rifJllt lth th xtntliT .hat hat.
mfil th 1 oiiKhnin hnj a mari'Jarl f
puoit r Mntr-i tixii S
JOHN LOUGHRAN'S SONS
5TH ST., BELOW ROCKLAND ST.
WWII tIKN'l.
HE CENTER
gf f nil rii nil it ir c Vr
f APAKTMF.XTS 1
APARTMENTS
PALMER & HIRST
Apartment Sperinlists
Phr,,,.. Uiin it UU
Rpp.1 Fitatp Trust
ni.Iir
2&-K
2&&ffi&P
W&ffimdtosnrm
1, ,,..,,, i ,,, IT) It -,.,.
Xt
-tEifi.SSJj
M&&$$mm
Housekeeping Apartments
BACHELOR SUITES KITCHENETTE SUITES
FIREPROOF BUILDINGS
Corner 18th and Walnut Sts.
Corner 15th and Pine Sis. '
Corner Juniper and Spruce Sts,
Also Haver ford, at Station
McILVAIN & CO., 1518 LAND TITLE BLDG.
Karir
nudl'ns
-.aragt ins innon q.
rin.- r tiling
Kami near station
.-nthnrc llus. Block
I -it, tatlts
?tastiorff Gran-art
suburban Ornatton
PtlTiirr ro drountl
SMI
til
JOWl
,.v-i
ISQfiO
II IO
21 nm
JfJII
mem
IVIIfll,
psaKA-s; v.
JAMES H. DUGAN ,yttT
" "" Mt'V A -VEW HOMt: IN
LANSDALE
SlllaVK TltK COST OF L1V1XO PROBlaKM
VAl POl't'LATION
12 MIM Tl.fc KltOM ItEVniVt, I'KRHI.N l.
' IN lOMMlTATlO.N KItE
SEW TWIN BRICK HOL'SES ALL COME
N1F.V -S (Oil TO ?.V) TKHS1S
St IT
FCMl FOR nESr-RJPTIVE C1RCLLAR
I WM B ANDRFWS S P SIVARTt-EV
li S, Cd it., FtlUl. Mlla St., Uullll, Fa.
olmeljur-ot
1012 Spruce Street
ONE AND TWO ROOM APARTMENTS
Well-appointed dining rooms with separate tabl fer gach flimjiy
"Meals that please"
1 he comforts of a luxurious home combined with the sen ice and freedom
of an apartment house
Telephone Connection R. ., re, fl Rtqinrei
$300 CASH nnd MONTHLY PAY
MENTS of $25
(of which $5 rdiKs a nnd mrta;op,,
will snir a nw porrh frntit rpsMnro
containing h rooms stnm hit, tiutrh
hall, etc Further pnrtlrulnrii upon re,ust
POTTS & TOWNSKND
4005 Baltimore Ave
EVERYTHING FOR SALE OR RENT
THE CHESTER AVE. SECTION
j STORES APARTMENTS HOl'SES
i If It Is not ,oninlnt to call during th
i .laj run "t nnd m" t night Sly offics
anO horn, nrp unlrr th sam roof
DONALD V. REDDING
52d and Checler Avs,
fffil
rnij-pitfjNrq
IlcD. IlImont 5212
Knstnnp. t'cst 187
Philadelphia, Pa.
New Homes Nearest Centre of City
Spring Garden nnd 41st Streets
W$ a ffl B f it hi? .
-" -"V ., (WiftV'
S '" "S3 Pa H IS-llsJ B g-3 PI MS
"a a r t. - -...-.. ,, ,4aH-i -a 4 -"a- 'if "" "Vl" J I '
JmtmmVWMlimi TtSaa!n!i-ItMlaK.tjj
MAGNIFICENT TWO-STORY HOUSES
with 8 nnjiiii;
,iri,T 1. rr;iccs; rln trie .in. I cn IisiJuinjr . hot-n atf-r
;ir(iii try llnnrs; 'insciiKilt l.iiitlilrif ,, etc.
hiat.
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
Mfiwrlnr t cut t -. r
ThPhi? proper i is
pi f N, . VI p, r h
h. pi
r. k r...t
imlnK .1
a.'-.
OlfrhriHiU
Ovil)run
A "NAPOLEONIC SUCCESS"
Is the W'rJiit "t the Arm nt Hum.1 Hner Who Have
Been A.lv.wwint; .in J HeMein
McGarvey's nVERBR00K
Price $3700 6 St., North of Lnndowne Ave.
Only f Left Surrender in Time
JOHN N. McGARVEY
liltler and Owner, on Premises
lu,V riir ciasMiifi fifth atrret ne ttrobruolc ear Will jjujs you
direct to optrution for one fare.
aitlllirha.l
ul.urb.in
ii2tsssA-.iaisuai
-&.?kk &..'?.-.. ...... ..
.WHM.A IIM.HB Uil I, II m , li,l.iWIIWIWMfcfcM.MaiM,M.ial WJUJI I-J L.aij l-CjJaU
5ffttr;j
i Ills I-. nit i nn
M i it m II .1 i I
to in
i.s i .1
l IN
. I IN
IM IMMII I
III M III 1 I
N l
IMI II I till F-
-i n.in- iio'ir
I !( I i mi ,
at . M
SHllllii
iim s.imo
ii,i, -i , i
In". Fnit I i
l, pl , . lion
IN lit-.
Ill Mlltll I t II
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PHONE nCAI CGTAT&TrfillOYOltH
v,ttiHur3a54KUaiO!MIL KUO PLUUT
main UHe
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