r n i V- f f- frv-r.- V- -e- -V -If v r y -- t V -- 1j V f BVEfiriyg pBDaBft-PHtaADBiipja:!' mondayf .September 21, jjjg. FINANCIAL AND COMMERCIAL SITUATION AT HOME AND ABROAD-MARKET REPORTS BOND TRADING IS RESUMED HERE ON MORE ACTIYE BASIS Committees Supervising Sales Lift Bars and Decide to Permit Salesmen to Go After New Business. No week since, the outbreak of hos tilities jn curopo 1ms opened under moro fnorablo conditions than tho present cne. Tho thins of jnost Import locntly was tlio, announcement today of thu Commlttco on Unlisted Securities that trading would ho allowed by Philadel phia houses, under lca rigid rules than have been In effect heretofore. Brokers nnd Investment hankers nro now per mitted to send out salesmen nnd to so licit business by telephone, hut tho transactions must bo mado with tho approvnl of tho committee. Similar rulings with icgnrd to bond trading by members of tho l'hllndclphk Stock Kx chanRo wcie nunounccd today by tho Special Committee of Five. Tho only dlfferenco Is that tho transaction must bo lnndlcd through tho Stock UxchniiKe commlttco instead of tho Committee on Unlisted Securities. The olllclal announcement of tho com mlttco i cads: "On nnd after Monday, September 21, 1914, nnd until further notlco, Philadel phia houses dealing In securities may solicit business by nlesmei, or by tele phone, under tho followlnB conditions: "All unlisted Securities beforo belnpc of fered must bo submitted In writing, to the Committee on Unlisted Securities, who will place minimum prices at which sales will bo approved Dculors may otter only securities which the actually own, and then, only at pi Ices not less than tho minimum prices IKed by tho committee. Each and every s.ilo consummated, must be promptly reported to tho Committee. "So eirculnis or lists of offering's shnll be mailed bv any dealers until furthor notice, except nt tho ien.uest of cus tomers. "All transactions must bo mado for cash, and no trade based on exchange of accurities will bo sanctioned "We wish to cmphnslzo tho fact that ortorinsi mado must bo of securities actually owned by tho denlers making the offerings "All busing or selling ordeis In securi ties not uctunlli owned must bo submit ted to the lommlttec. If tho commlttco too liming or helling orders in secuil tles so submitted, they will try to com plete the transaction." Another favorable indication of tjho bctt'r feeling apparent In financial chclos was tho announcement that the Kaltimoio 6toik i:ihango had today resumed trad ing, biokeis being permitted to mako sale? at prleis as of .luly 3, when tho stock exchange officially closed A special Committee of rivo will supeivlso nil transactions It was nnnouneed also that tho Stoik Exchanges nt Sidney and Adelald, Atibttulla, had leopeucd this morning Baltimore brokers expressed general eatlsf.ii lion after ttyout today ot tho plan for limited trading In slocks and bonds Ordus to buy nnd sell, (lied with tho Commute uf Five of tho Stock Ex change, whii.li is required .to pass on euch transactions, weio about equal, and absent o of largo offerings strength ens the bell, f in soma quatters that tho cxchingi- i an go a s.tcp fnithoi and permit uniostrlctcd Bales, of unlisted bonds, owned by dealers, without daiurcr Ileporta from London Indicate a bet ter general feeling, with a gi cater de fire on the pait of Invcitois to get Into tho market. Passing of dividends of come of the important Industrial com pan) s has testrlcted somewhat tho general volume of trading; hut tho gen eral diii't lias not been In any way depressing rntelgn exchange rntos Continue oa-ler, ur.d a leturn to near normal Is expected to follow the work ing out of plans for tho organization of tho new Jl'AOOO.OrtO gold pool, to which the Pedernl Reserve nanrd has Ellen its fctini-tlon. It s announced tliat tho German war loan has bten oversubscribed by about JC", mi mm i), cauvo of tho success ot this loon final terms of payment have been pst,unP( untu December. Tins-Hti,,in (!, trading gioups In hew oih. vveio small In volume through out th, diy and tho changes were mod erately i,i,ulai Hiooklvn Rapid Trun in w 13 a moat prominent fcntuiu, bolng In good d. nniiHl for fniily laigo amounts at ul.iit tho dosing pileo on July TO, and th, i, iwio inquiiU-s for Central Intli. i hi llglit icccsalons. jrho cop P" 'onipaiativcly Inff8& supply with tniiM- issiitM offe-rcd by somo at about ti, ifht piices so fur icported. fcal's In I'lilliidelplii-i today Included: lAhUh iiicy, (.p,,, .ortbeiii Central, new stn lv, si s ile of Angli.-Amoileati Oil In vric vvno mudo nt liV rmi.ii. (dil.i Company common htock U'l 1 lit 'II lodnv. linrhiine'i ,1 Ifntti BESSEMER BONDHOLDERS URGED TO MAKE DEPOSITS Minority Committee Is Investigating' Interest Default on Co.'s Securities. Holdero of Dlrmltigham, Eneley and Ucssomcr Italtroad coupon drat 5 por cent, bonds, Interest on which was defaulted on September 1, wore today requested by tho Minority Rondholdors' Commlt tco to deposit their bonds with tho Amer ican Trust Compnny In Boston or with tho AVest Knd Trust Company In this city, which In tho ngont of tho Amer ican Trust Company. Invcstois In this city hold approximate ly JMO.0O0 of the bonds, nnd liotdors of about $1,000,00) of thorn have agreed to, deposit thorn with tho commlttco. Tho Minority Commltteo Is now conducting nn Investigation Into tho affairs of tho Birmingham, Ensley and Bessemer nail road, Mcmborn of tho Minority Committee are: Chairman, S. II. Cunningham, Bos ton: Oscar It. Daro, Philadelphia; Boyd McDowell, Elmlrai J. N. II. Campbell, Hartford, and Gcorgo T. Wood, Louisville, BANKS HERE WILL CONTRIBUTE TO GOLD POOL FUND Clearing House Meets to Consider How Sum Will Be Divided "We Are All Ready," Says Rue. Philadelphia will contrlbuto $S,000,000 toward the $100,000,000 fund which wilt bo raised by bankers In tho United Statos to relievo tho foreign exchange situation. This became known after tho meeting of the Clearing IIouso Association this afternoon, called to consider tho amount that banks In this city would supply. Members of tho association, after tho meeting, would make no announcement of what took place, but It Is understood that tho amount agreed on was $8,000,000. Levi Ij. Itue, chairman ofthe Clearing House Commlttco and president of tho Philadelphia National Bank, said that the institutions In this city would subscribo whatever amount Secretary of tho Treas ury McAdoo shall decide. Ho said that Information had not yet reached this cltyclty as to tho exact amount Institu tions hero will bo nsked to furnish. "Philadelphia stands ready to furnish her quota," bald Mr. Itue. I Tow tho Individual banks wilt contrlb uto to the fund could not bo learned, nor bow the amount will bo divided among them. Formation of a syndicate will be the llrst actual business that will be done. It Is believed and not more than two or threo days will be needed for this, nt the most. In this syndicate there will be Included tho city banks In tho rescrvo cities of Xevv York, Chicago and St. Louis. SI n co many large cities ate listed as country banks these may also bo nsked to conti Unite It Is understood thnt assessments will be mado genet ally In proportion to the gold holdings of banks. On completion of tho sjndlcnte. subscribers will bo ask ed to forward 23 per cent, of their sub set Iptions, $23,000,000, to Now York. An olllcer of tho Clearln gHnttso Associ-i-tlon today expressed tho opinion that a lnigo part. If no"t nil of this J25.OCO.OoO. would bo forwarded to tho treasurer of tho Dominion of Canada, at Ottawa, soon after its receipt. INCREASE IN FIRE INSURANCE PREMIUM COLLECTIONS HERE Gain of $46,182 Noted in Receipts of All Companies in First Half of Year. Total. Exceeded $3,000,-000. Gain of 48,182 la recorded In the amount of fire Insurance premiums collected hero during tho first six months of this year by all of tho companies doing business In Philadelphia. Total collections for tho porlod aggregated $3,001,081. as against $3,M5,402 In the first hair of 1913. Of tho total collections botwcoti Jan uary 1 and Juno 30 this jcar, incomo of Philadelphia stock companies totaled $550,113,' Philadelphia mutual companies, $106,497; Pennsylvania State companies, $127,732; Mow England companies, $152,213; Now Ttotk companies, $702,821; Now Jor soy companies, $133,699: Southern com panies, $61,062; Wcstorn companies, $190, 080, and foreign companies, $763,459. Liverpool and London and Olobo Com pany, a foreign corporation, heads tho list of Individual companies, with Incomo receipts during the period of $117,590. Firo Association of Philadelphia Is second In the list, with a recorded premium Incomo of $113,606. Tho following tablo gives a record of tho payments received by Philadelphia stock and mutual companies during tho period, compared with incomo for tho llrst six months of 1913: PHILADELPHIA STOCK COMPANIES 11)13. $12,501 s,ooa ll.SM 107,0 A,SkS RECEIVER FOR BIG POWER COMPANY Stockholder Charges Insolvency and Mismanagement of International Co. TRT5NTON, N. J Sopt. 21,-Henry W. Hull, of New York, a stockholder, today mndo application In tho Court of Chancery for the appointment of a rncclvor for tho International Power Company, alleging that the company Is Insolvent and charg ing mismanagement by officers. Chancellor Walker made an order for the company to show cause hero on Oc tober 6 why a receiver should not be ap pointed. His is a rcnowal of an appli cation mado somo tlmo ago, but net pressed. SALES FORCE COMING HERE Cambria Steel Co. to Locate Depart ment In This City. Tho Cambria Steel Company's entlro sales department Is to bo located In Philadelphia after October 1st. with main offices In the Morris Building, Chest nut street west of Broad street. At present the Males department of the steel plant Is located with tho Arm's main plant In Johnstown, Pn. In bringing the sales department to this city the Cnmbla Company counts on getting closor to the markots of Philadelphia, Now York and the Hast, It was rumored that tho company con templated opening extensive branch of fices In tho moro Important South Ameri can cities within tho next few months. While no ono connected with tho com pany In this city would talk of such a plan, no denial was mad,o when the ques tion wns nsked one of tho department heads who wns visiting In Philadelphia tlil morning. WHEAT NERVOUS AND CHOPPY UNDER SLOW PRESSURE Early Prices Higher on Strength of Spot at Liver pool, But Weakness Fol lows Selling by Speculators. inu Alllnnco $$,56.1 American younty lS(,.'i lire Association 1I.:,mni UTILITY DEFERS DIVIDEND West Penn Traction Directors Say Co. Must Conserve Its Cash Resources West Penn Traction Company has de feircd pavment of Its preferred stock dividend. Tho list disbursement was l'j per cent., made on July 13, this yenr. In announcing this action Its Hxccu tIo Commlttco issued tho following statement: "On account of tho present business depression It appears that the cas.li le qulrements of this company dining the j oars 1914 and IJli. may nbsorb tho cash resources, because of Its obligations to make laige payments for constructions and additions to Its plant nnd property. Tho company has on deposit a large const! ttctlon fund, but in tho expenditure thereof It Is under contract to mako a parallel cxpendlturo out of Its earnings during those years." I'ranklln e-lrurd Independence lnuran-o Co. of North America Insurance. Co of Statn of I'onnsyUanK I.utnltermcn'H Mechanics' I'ennslvanfa Philadelphia Underwriters' llollnnce United firemen's is.sji 1T.M7 1,035 83,733 30,527 lT,tlIJ .14.7.' I tll.OV) 10.4H7 lir.'JIl :n,.-.3 $5W,11s !iN.'!,iy 47,7.' 1 1.W0 77,703 ."(1,8.12 IS 4i)'l V),l)3"i 77,hS 1S,4S-, 14.US1 :)5,L'03 ri27.U!)'J FHU.ADCL.rHIA MUTUAL, companhm. Atlantic S1CS Kxclmnce I'rankford fi,77l llraphlo Arts l,2iil llldo nnd Leather a.'l InilcpuiJent Kejsionc 11.M1J .Munton llMHiu Manufacturers and Me- clinncls' Mutual As-urnnce .", 2lo Muti.nl (lermantown . ... 13,sn Mum il rire, Mnrino and Inland "01 National 7.S1I National Petroleum .... ill Patnt Trade SUU I'ennsjlinnlii Lumber men's 2,077 Philadelphia Contribution ship 11, SW I'lilUitelphla Man ufae- turers 17.PS2 Southern States 2ao Stnndnrd S,!' Transportation KM United htates Merchants' ... $182 113 r,,'.ni i,:u v 4. '3 si 12.P.72 11,577 200 ." (1(17 111 .11 1 2IkS 4,2117 1.01MI 2.SS-, 11,314 23 1.17 211! D.7VN llll ins $10U,497 $iou,m Insurance Compnny of tho State ot Pennsylvania has been granted lleenso to write marine business In Xew York State through J. S. F!C)llnhuhen It intends to wrlto war ilsks for moderate amounts. John O. Simmons hns been appointed suburban general ngent for the Insttranco Company of tho State of I,enntlvaiila. PUBLIC UTILITY NOTES The totnl of electric generating capacity and power purchased for uso at tho an thracite mines la 73,311 kilowatts, which Is approximately rifunl to 103,400 horse power. Tho horsepower produced by steam at tho mines is given na 631,233 In tho last annual report of tha Bureau of Mines of Pennsylvania. The Cleveland Hallway Company has beon authorized by tho Ohio Public Utilities Commission to Issuo and sell nt par pro rata to tho company's stock holders $1,0S,COO common stock. The pro ceeds are to bo used for extensions nnd Improvements and t orelmburso the treasury for capital expenditures already made. The Ohio Publlo Utilities Commission hn.s authorized tho Massllloti Gas and Klcctrlc Company to sell JU8.000 first mortgage G per cent, bonds at SO. Contracts with 673 customers for GOj kilowatts of lighting nnd 303 horse power In motors were closed In tho week ending September 1 by tho Minneapolis General Uloctrlc Company. To establish Irilgatlnn and power plants In Western States, tho National Hjdro-nicctrlo nnd Conservation Com pnny has been Incorporated in Delaware with a capital ot $10,000,000. CHICAGO, Sept. 21,-Tho wheat market today was a nervous and choppy affair. There was fairly Important absorption on rob ting commission orders on declines and apparently plenty of selling pressure at an advanco of 1 to l?i from Satur day's close. The entire rango covered was 2& to Z cents. Early prices wore higher, being affected by tho strength of Ispot whont at Liverpool nnd tho week's showing of world's exports, which Indi cated that America was supplying tho great bulk of tho world's needs. Actual export clearances today wero 887,000 bushel. Values weakened sharply at one tlmo on free selling principally by local speculators, who noted a diminution In tho publlo demand for wheat and saw wcaknoss In tho markets of the north- "west, reports of coming shutdowns of four of tho five Minneapolis milts and a large Increase In the ivlslblo hupply. Sales of tho cash article were 630,000 bushel. Futures closed U to cent hlshcr. Corn was Irregular and nervous, with prlcon about as much tibovo as below Saturday's closo at times. Tho demand was small, but thero wero export in quiries at all tho markets that have corn available. Tho cash article ruled steady to firm here, and generally firmer elsewhere. Sales of cash corn wero 83,000 bushels. Futures closed U to a, CCnt higher. There was a large Undo in oats and tho market was neivous and lnegular A heavy export demand wns In evidence, and tho sales here wete liberal. Tho country Is selling nothing to arrlvo Sales of tho cash artlclo wero 630.000 bushels, mostly for export. Futures closed Vt cent higher. Provisions wero easier with the support poor. Tho selling was of the scattered commission sort. AFTER MONEY HOARDERS Treasury Department Begins Inquiry of Complaints Against Banks. Following tho announcement by Secre tary of the Treasury MoAdoo that he will withdraw emergency currency from banks which have been denying loans for legiti mate commercial purposes, It was an nounced today that Comptroller Williams Is Investigating complaints of this sort. Tho complaints Indicate that the banks demand abnormally high rates of Inter est. Tho Comptroller, It Is understood, Is telegraphing the banks to furnish him with a list of loans and tho rates charged In each Instance. Where It Is Indicated thnt a bank re fused a loan because of Insufficient funds tho Comptroller hns docldod to Investi gate the reason of this shortago, nnd will advise tho bnnk to tnke out emer gency currency. Investigations conducted thus far show that banks aro not at fault. CARRIAGE SALES BIG, DESPITE THE ADVENT OF AUTOS Leading futures ranged ns follows Saturdaj's wneni wpen iukm iov, rinip ciosc. September .. 1 lli December .. 1 14W 1.11 May 12U$ i 22 e.orn mow uemeryj 1 12i 1 l.llIU i: 1 11, v& 1 1U, '1 u. 1 20S MAYOR. BLANKENBURG RESTING Chief Executlvo Remains at Homo Today Owing to Fatigue. Maor Iilnnkenbuig did not go to his ofllce at City Hall tills morning owing to fntiguo as tho nsult ot a long auto mobile ride ostcrday. At the Ulankenburg home this morning It was said the city's chief executive had decided to spend the day resting and that npait from being tiled ho was feeling well. DIVIDENDS DECLARED International Illxh Freed Steel, reKtilar seml at.miil : rcr rent., pujabfe September 27. fiold nnd Stock Telesraph. regular quarterly 1J5 per cent, pajablo October 1. Ohio fuel Hunplv, lecular quarterly 2 per cent., pajablo Oi-totier in Sjndlrate Film Company, Initial 7 per cent on both clashes of stock pajablo Ottober 1 r i,i if.. nil! ,,t,ln,i ,,.., ,,,,,,,,.1 ., IO si'HK til ncnrii nppicmnei ill I nero nas of tills ellj win attend tile an mm I s- ni3 charged off to depreciation J121 coo. September ueccmocr May Oats September Uecember Mn . ... fjird September October . January . Hlbs Heptomber October January . 1'ork September januar an Mi, 7n. W.l 1ST", 4!i 47', CP-I tl OT 1017 'Moon .10 M) P.ftT 10 '.0 10 93 n i2 7nt4 7& oso "1 .1.' 10 05 tlOU7 .... '11 41 ... tl)'l7 10 (10 10 -2 47', riWj 0 1.2 II i", '10 2.' 11.4-, 11 o-10, Illd. tAskcd. .20 ST 20 ST 20 30 IT fi "17 SI 20 55 f- ST Sevcial life' Insurance medical directors! ihoimm W. Tlure nic olden belli wujs " ' ' ias impiovcmcnt at to FINANCIAL NOTES rul i, turns of tho national banks of lliluidelptila to the Comptroller of tho Cun i, y ns f Hcptemher VI show thoy ini-ir i-.ni nUr ,,, pheulatlon 5,Ta,S!U oer lmi rt Tntul clieulntion outstnnd liu: .ii ,, titi mher U was ?17.SI,S75, com jaied iwtu ui.s,7Sit nn Juno 30 This is th- lir,.. st nt,. (iiculntton icpoited by the 'j, ii banks fclnee May U, WW, when It tt.,0,1 nl J1TCS.C13. u murks an ex pansmi, ,,r s,oi!,,Ka rr0ln tlm ,ow ,BVCl of i i ears, fU.SS.CS.'. rerouted on June i, I'M Juhu Willys, president of tho Over lend e'ompmy. has joined tho "buy-a- i,f hf"coV"n" "wvtment. He Im.i be light a b ile of cotton for each of tho .. ""rl:,n,l dealeis In tno South. He eax he uiu buy n additional i.alo for e-ch Overiin.j car sold during the two months ending I'oember 17. Th.. Sujjtreasury lost 3JOO0O to banks on bttuiday and sineo Fillay J1I2.CW. a.!l0 .' ul"m!t a,,(l Uel;1 Mining Com com, , , r.,;,'cw',l ls steel construction f." , lhty 1,at' "eon held up sliico hc beginning of the European war. lltthnte,ra3..!,n cea tno icsular vlaL , ,h'Ulll'l"'la Stock Kxchange inu 'rJ. I'1","1""11 American Telephone nu lelegrapl! eomortlblo 1. the"firm , ''.m1"."' lms withdrawn from tne firm of uiuiiu. Moiris &. Co. PUBLIC UTILITY EARNINGS nil Increase. Kl.MIUA WATHIX. UQUT AN'P RAIMlOAIV I'our nvntha" uros... . n'.5l J41,n2l Sot after taxea 131.045 1T.10( t-r.ui HncuiHTtcs conrortATio.v AllBUbt gromi 'SUi? 11 SOI Net eirnliiff HJHj 4,rtis TWLIVO ravmin ziusn,.. .....i.,.. ii)l hU'i jfit eurnliiss 1,1 Jo 170 luiuio APlUO.N'DAf'K i:t.KCTHH" I'OWKIt coni'.- July itrosfl ;2. 14J J4,Klo Net . . , ..-'"T '.an' Net 2!i),US. 87.HSB TWIN eirV I.INKS- Flral weK September. .. IK.1,211 'Ml 120 jan 1 t" 8P'. 1 8.2JU4tiS ntoOoo MT WHITNI3V POWKJt 'AND ELEQTrtlC- August Kross J5,1T J.Viins Net after lane , 3 n, lull n 4in TweUe months' gross .. R.14 OS1 113.,'H Net after t"e Sim.iso Srt.iot CONSOI.IDATKD OAS, FI.ncrRIC MOHT and i6wnn. iear ended Juno 30 1011 Inc. lirosj ?8.40,IK9 f2V! H21 Net J,Ot,7,uTS 'SI.TIS Decrease slons of the medical section, American Life coincntlon. which will bo held In Dallas, Tex., on Octolxr 7. RAILROAD EARNINGS Dec. $7 I tcl 9i,lll Doc. $27 -vn I1- 0S1 WAR AIDS HOSIERY MILLS The grust, :.iiiins of tho Lehigh Valley T,.,,., r. -""" oi mo i.oi '- .bv unman, i.. A..n... ....., comn:,ie,i t.i ., ' "ui"i wero fuv.uoi, of ths nr.v,1'1 "75WI ln h " month riresen,, f ear' a Increase of 1W). at?ng J" L'e t"'"l'an'S hl.ton. Oper IK6.3,l. ',tLt.1irnlnS for the month Wsni. t.r, ha,!"" fur the nwntli of ' W.S nc .lnV,ti"&i-,r 12 mo",hs Manufacturers In This City nnd State Certain to Benefit, American hosiery, CO per cent of which is produced In Pennsylvania, In the be lief of experts, will bo greatly benefited bj the Uuropean wur Whatever benefit does rebiilt from the "Mado In America" Idea In hosiery, tho cistern section of the .State and Philadelphia In particular will cxperlcnee tho good results Nlnet two per cent of the State's hosiery milts tiro cast of tha Susquehanna, and the output of tho Philadelphia factories com prises 70 por eent of tho total production in the State Tho question of des for stockings, deal ers ay, will tako care of Itself despite all talk to tha contrary NEW YORK CITY LOAN DEPOSIT liankors In this city understand that within tho next few das a call will bo mado by J l Morgan & Co. for the second Instalment of tho city loan from the banks and trust companies in .New York who participated In tha under writing sndtcato Tho amount that will be called for, It U believed, will be lit the neighborhood of (I 000.000. BAR. SILVER The prho of bar slUer advanced i, to 51lj cent In New York and 1-18 to 23H penee, a London. SOUTHBP.N RAILWAY. l'lll. f-'econd week Sept f 1,'Jll Mi! l'roin July 1 IS s-.l U7rt VIRGINIA RAII.Vt AY. l'lll. July itross JPl'i-ill Net sfter taies ... . nil 111! TOLEDO, I'KORIA AND WKaTRRN. 1914 Dec. Second week Sept ... JJ,ll.:.l Jl.TIO .... rrom July 1 2m) C0.1 . . $4,1J WADASH-riTrsnuiioii terminal 1111 101 1. DC". July Rross ,...Jiiii,slT ;'i),i,;ii jn.m ... , Net after taxes. 30, 113 2J,5'J0 7.51' Inewate. MISSOURI. KANS S AND TBXAS. 1011 Dec. Second week Sept . Jdl7 470 RS72 Troin July 1 O,.Vj0.MI . .. t7J3.au) LOriRVILI.il AND NASItVILLK. 1014. Deo. Pecond week Sept $l,(KiSTU3 $1 ts l.v, Trom July 1 11.U7I rul mh.wj MORILi: AND OHjn ltd I De'reue Second week Sept S2JH27H fM 1J I'rom July 1... 2.VJJ717 (I.2UI GHOROIA SOUTHHItN AND I'LOHIDA 101 1 Decre,iFe Second week Sept $4 I'Jill iluj) Krom Jul 1 4'H,s1 7 Ml TOLKDO, ST. LOflS AND U'DSTLltN ltd 4 Dei reuse Second week Pent Mm.liTu llS! Fropi Jul I t.S7.M0 aj.MO ALAUAMA ORIIAT SOI TUDIIN 1014 Dctreasrt eeond week Sept SS.T7S SI nt'i Trom Jul 1 . . . 1.03I.77S 37.1.''! niK'AOO, INDIANAPOLIS ft UU'lSVH.n Herond week September $14 1 !i.n fll li.'i July 1 to beplemher 14 1.M7.H1I 11713 COLORADO AND bOI rilHRN Seeonl week teptendwr . . f27'J "K 11,141 July I to :-eptembcr 14 U.Ti.VtiS3 uU7,UV DCNVKH AND RIO OIUNDD Second wee,i September JVT.liO if!) ono juiy 1 in acptemticr II n.lijltn) tlHAND TRl'NK Second week Sepeinber. Jl.ouii.iu; July 1 to i-cptenibei 11 . II 7iTV,I2 ST IXJl'IS t-Ol'TlUVCSTHRN Second week September.. $202,1)00 July I to Siptember 14 . 2,2.ihjo TKXS AND I'ACVjr Second week September , J"OS 712 July 1 to Scpteinber 11 ,1,320 lOi WIISTERN DACiriO Second week September SIS5,t.P0 July 1 to September 14 1 itiil.fAk) DIITROIT AND MAi'Kl.VAl'. Second week beptember . (23 241 July 1 to September M 24rt.'U7 Increase eVinaliati Lxploslves, resular uuarterly li, per cent, on preferred, pnynhlo October 13 to etock of reeoril September 30 Canadian ('oniolldited Rubber. rCKulnr quar terl 1 per cent, on preferred and 1 per cent, on common, p.uable October 1. Ottawa Llsht, Heat and l'o'er. Ltd , regular quarterly 2 per cent. panli October 1 to stotk of record September 20. American Ktrdlni; Muchlnpr f'ompany. regu Inr ipiarterly of Uj f.ei c, nt on i referred and 1 per tent nn common, pu)nble tAtober 15 to Hoik of rtoord beptemlier .Mi MININf STOCKS Quotations here today Wf ru ns follows: Jim llutler l,s S7') Uest i:nd us iii7 Tonorah Merner 2" liirt North htnr lil ffiT J-ldnny 10 ifU2 M.ipah ........ lSV-jtila Ttnopah Rxtenslon JVfJfl.in nuldfled Merser ti iff n Sardstroin ." ti u Neiadi Ilill.-i 2S ft.!2 SENATE EXCUSES GALLINGER WASHINGTON'. Sept. 21.-Tho Senate unanimously voted today to excuse Sena tor Ga linger, of New Hampshire, tho Republican loader, from fuithei atten dance during tlie remainder of the present session Senator Galllnger, who has gone to New Hampshire to campaign for re election to the Senato, Uat been In at tendance In the Senate constantly during the longr summer months. Builders Declare Business of 1913 Largest in Trade His tory Convention to Meet in Atlantic City. CONDITION OF V. S. TREASURY WASHINGTON. Sept. 21. Tho condi tion of the United States Tieosuiy at tho beginning of business tuday was Net balance In general fund, $11,021, 230; total lecedpts jesterday, Jl'.Sol.tjM, total payments esterduy, $3,0S,31J. The deficit this fiscal year is M7.IJ5.S0O. against a deficit of I0.7&S.SC0 last jcar. exclusive of Panama Canal nnd public debt transactions. CONDITION OF REICHSBANK NHW YORK, Sept 21 A wireless mes sage from Ilerlln mis thnt tho speelr- re bervo in the Itflchsbank last week in creased 41,0CU,otj maiks nnd tho circula tion notes decreased by SS.OfiO.OfiO marks. SPOT COTTON TRADING Xn" OltLKANS. Sept. 21.-A notlco was posted on the floor of tho Cotton Hx clmiiKo hero toda that tho market for spot cotton would be opened an Wednesday. 1 PHILADELPHIA MARKETS ,,i,l nou sit ntt 0T7.U1U S12 (OO ass,!) GRAIN AND FLOUR lWlllAT. Receipts. IT Oil!) huh Thero ttu ii iulr ln,Uir fn m I . th mlllrd ind cx pnrteri( hprliiB wheat was 1, lower, but winter niled kteaUj far lut. In export ele- Utlir. o 2 reil. .ml nnil .nm,n)ir Cf I'M,) 1 17 .Nn 2 r. I HtJIern, ?1 H.ijl Jl. No. 1 N irihern Iiuluth SI'JlalTJ COILS, ReliU. I04S bush Demand ralrlj uileiiinl il,e c hUlirr under uitht ;iireriiiK ( ur lotii for loml trade, aa to .h.atlon No 2 )elio, (-sij'jMii . tieamer. jil'ow MOSS-. O T.S. RecelpU, ,10 232 bueh. .Market ir.iiit and V iiikhT with fair demund tor loi.il I'liiauniptl.Mi nnd export No. J white, Mfllllif stiimlard white; BIH533C. No J whlto. 'Iiijaii,' , 1'imil, Reielpts. 1500 bid.. I.S2S,2t0 IN In uiks Train lu, but mill IliuUa llrtnly nulntalnl Winter, rlear, $1 718.1. do tralcht. J1ti12i, do, patent. 140ti5 73, Kansas firilKlit Jute sack MSOhISu. do I at, nt Jute mirks, IliofkliiO sprlmr, rlnt tear J,'ir Jl do siralsht, ftlVKflM, do patent, $lu)tiil. ruonie branjs n 2.1WH 71 .111 mills, thriionnl fun. intent iU.JJiill7.1 do, regiilnr ra l, Hlnttr lear ti 71S3 do air.iluht .v,1.Mi li, alent. $ rewjn. .,"'A ' l(,Vf' Ku'ed ted. but quiet, at $3u3..r,0 ler bbi , In w iod. Iilc.', tl ":?'L-. J:'0""1 ?IW2W. fr-mber minr, m., ...,.':....,;: : "V . Kr -. . .. .v. iraiuro, , iriimin, per .ii-id lasket, JT,f(.V do . do, per Lr Ke 7.1 ff 1 Su 'iS DeUwara ani .11 inland iier buKet. 253 jSe. ,l,i ,o , nr irate 7.V iI 21 i eaehei I'iniissliania, per basket t aruo white or jel low, ,.uV , me.lluin. Jic;Mh peaihes, Jer e. white, per bak t, lOo KJl do, du.. Jellnv er -lnbliet n !,1 Pears, nearly i'r HP' "irllett. No. 1, 11.30113. do.. No. 2 Tho Impression has gained currency, becauso of tho popularity of tho auto mobile, that carrlngo? aro no longer manufactured ln very great quantities. Yet tho commlttco on statistics at tho convention of tho Carriage Builders' National Association, which meets In Atlantic City, N. J., September 25th to October 2d, will show that considerably over ono million horse-drawn chicles wero built In this country last year. Largo ns Is thh figure, It doeB not In clude business, farm or trucking wagons, but takes account only of such vehicles as tho buggy, surrey, and other light carriages. Statistics show that thero wero mado on an average of a million to a million nnd a quarter horse-dtawn spring ve hicles each year for eight years prior to January 1, 1913, nnd during tho year 1913 tho number exceeded 1,200,000. Theso figures, which aro partly duo to tho in crease in population, naturally Inspire confidence ln the present nnd tho futuro of tho carriage and wagon Industry. It Is fair to assume that tho vehicle product of 1!)13 -wns sold for moro than 60.000.000. A minimum of $3i,000,000 ir Invested In carriage factories In thli country, to say nothing of tho enormous cnpltnl lnolved In the wagon business, while tho Investment ln manufacturing establishments making materials nnd parts exclusively for horse-drawn ve hicles Is probably as much more. The coming Atlantic City convention Ic tho 42d to bo held by tho vehicle men's organization, which was Instituted ln 1S72 making It ono of the very oldest trado bodies in America. The associa tion does not fix prices nor take any action In labor matteis; Its functions are mainly directed to tho uplift nnd advancement of the Industry, and to the promotion of n friendly spirit among Its members. The Can Inge Ilul'd.ri. National Asr.o ciatton has been favored ln past jears, at their conventions with tho presence of a number of prominent men, who, al though not ln the vehiclo buslines, never theless weie pleased to address the car riage builders on subjects of Interest to them Among these men have been thu late President MeKlnlcy, General Wil liam Tecumtieh Slierman, Oliver 'Wen dell Holmes, tho poet and others of almost equal fame This jcar. Hon John Barrett, director of the Tan-American Union nt Washington, and formerly United States Minister to several South American countries, will address the as sociation In connection with tho convention there will bo held nn extensile exhibition of nil materials, parts net machinery used in vehicle building, which will bring to the attention of the 1200 delegates all that is new in theso lines TIkto Is much room for optimism in tho eatri.igo businostt nnd It will be a contented and enthusiastic gathering of piosperons m.uiutncturers that will crowd tho Million poU.ir I'ler at Atlantic City dining the List weik in M-ptenibei. RAILROADS URGED TO ADOPT GREATER EFFICIENCY PLAMS Roadmasters of Country Want Motor-driven Ma chinery to Supplant Old Hand Methods Say Sav ing Will Be Large. I.nrgor application by the railroads ot thn country of sclcntlfla efficiency prin ciples In their equipment departments Is being strongly urged by tho noadmasterB nnd Mnlntcnanco of Way Association ot America. Statistics compiled by tho nsioclatloti show that while the weight of tracks used by railroads throughout tho United States has Increased but 37 per cent ln tho loflt 20 years, the unit loud hauled over tho tracltR ban In somo rases Increased moro than 300 per cent. Increase In the weight of track has neces'nrlly called for tho employment of moro men to earn for tho track under the heavy loads which it Is required to carry. Tho association recommends that motor driven machinery and tools bo used by tho railroads bo that a larger amount of; ground enn ho rovcrcrl nnd hotter caro given tho maintenance of tracks Toward the Increaso ln efficiency, use of ectlon motoirnm Is considered nn Im portant part It It pointed out that whora motor rltlvcn machinery Is used It will result In n snvlng of 2 cents n mile, thn cost of fuel to tho motorcars, repairs, de preciation nnd wear of car and time ot the men. In vlow of this It la recom mended by a committee reporting to th association that motor driven cars bo used Instcnd of handcars. Annual convention of thn American nallwny Bridgo and Building Association will be hold in Los Angeles October 0, 21 nnd 23. Preliminary hearing on proposed changes for the next classification Issuo will bo held In Now York tomorrow by tho olllclal classification committee. Alton, Jacksonville and Peoria lnter urhan line, now owned by a company headed by J. C. Van Itlper, of St Louis, hns mado application for permission to Issuo $750,000 of stock and JMO.000 bonds. The Illinois Public Service Utilities Com mission hns tho application undor con sideration. Baldwin Locomotive Works wilt bulla ono Mikado tvpe locomotlxe for tho San Pedro, Los Angeles nnd Salt Lako Railroad. STILL CURTAIL DIVIDENDS Becauso of buclness depression, Influ enced by the European war, eight com panies either deferred or passed their dlvldenis and three companies made re ductions Inst week. Among the companies that passed their dividends were the Republic Iron and Steel, on prefeired; Nova Scotin Steel nnd Coal, on preferred nnd common, CruclbU Steel Company of America, on the pre ferred; Central Conl and Coke, on tho common: Calumet and Arizona; Superior nnd Pittsburgh; Harvester Corporation, on the common, and Augusta, Aiken Rail way Electric, on tho preferred. American Ex-press Company reduced Itn dividend from lVj to 1 per cent . Standard Sliver Lead Mining from 2'4 to 1 per cent., nnd Old Dominion of Maine from Jl to 3 cents. LOCAL BANK STATEMENT Increase During Week of $3,212, 000 in Reserves. Tho weekly statement of tho Philadel phia Henilng Houso banks and trust com panies shows nn Increaso In bank re serves. The increase during the Inst week amounted to J3.1'12O("0. and brought that Item up to IV).t,D.0OO Both deposit items also show ery mnikeil gains oer tho preious week, individuil deposits $4,000,0TO and deposits of banks $2 U7.(i0 As was tho cao tha previous week. Clearing House exchanges Inst week fell oft again, showing a de crease ot SISt.OiO. PROVISIONS iobbinif mnlpmmt sn.l tittle r In iirlicu city titer in ten. 4 and alr-dria, Hl.1?c ; Wniern bf. 51 -llO fc . ."T,I,'"-- '' J WKM, KMULKIl', A 7 y r.' n-HMt., Brno?,, in i ftir.arieu. i-f;ii U.UUI Vciirrn beef. tnicl!lc on! tendirn. nmuked .IJ !;" Pfer nam , ?utj 1 iwrK !amtl .' ir ?in.3in 0i. .70 JI.CiJO I . .A light cnnng" CUUko4 in ser v '"A . .wpi " Fa onto. No l sa.nogi '.!?.'- N"v - -'naSS other arleUes. tl, IJ'ars .New York, heriiel per Mil . JlJfS i.rnpet. southern DeUuarrj nr tjrrior- jnra We : fcrapes SUGAR Market steajj uUted. 7 "th. . d tru '- -onfe( Honors' t.tii vac tin, .,, ii... J .0 . nne granulate I. 7 JJc A. 7 Standard gran. 7 J3c . mtuilflr. lie , eoft grades. BANDITS IN AUTOMOBILE ROB BANK IN CHICAGO Shoot Assistant Cashier nnd Escape With 53000. t'lUL'Aelo. tjept Jl-Kniir automobile bandits h Id up the- Kr.mUlin Turk State Hank nt noun todu. tatalK wounded Walter Jos, assistant ahlti, and es caped with Rhat mone) they wero able to swoop Into a sack from the ctishitr a cage. Tho exact amount of the loot will not bo known until after an Inventory is tnkon. hut it Is estimated the tnmunt was about UoiO. Tho robherj was committed bv thro, whllo nirii and .i V. Ugio. who drow up t tho bank in ii n, put.Kt ngi i a itonudul.. NEW YORK BUTTER AND EGG3 NEW YORK. Fept 21 RL'TTBIt He colptB. C03I packages, tone lower nnd un settled Croamer, extras, S0x173lc.; orenmerv, firsts. .'SftSOc . held, extras, 3d iffSHie. EGOS Receipts. 020D capes, tone weak, rtrst pnthe'ed. etttn-, 2ivfr27c firsts, '.'4 023c . refrigerator, firsts, ZlTtZ'c COMPANY CONTESTS MANDAMUS DAIRY PRODUCTS LIVE STOCK QUOTATIONS CHICAGO. Eipt 21 lioeis Ittcclrts. 2il.eOO, market strong, mixel and tut ln.r :ry)uoso, good lnu. ;uviuir touch l,..n t'RAkhR lii.lir i. n.ln ,ii . , . S.r,r0V0. bulk. ..ISM W. OArrLE-ltc: j refine "er. beaes. i7SffU. turn ani henvrs, SliillM, stockers and feeders, ijug&'11 T aus T SHb K1 .ales $!) HHu IS '.'I SHKKI' tel celpts. R7 0m), market lOo to JV louer. 04. tlw and Huitrn, 1 I'hjU Units. Jl 7iuf 75 FOREIGN EXCHANGE NEW YORK, Sept 21 -Thu foielgn ex cliauge market U quiet, but dispi.i3 a firm tune, burling 1 U3 and eublu trans fers to 1 9i3. Cable franca are quoted 5.1? and nominal quotations for mark cables are 9c. tt-et ham . ilffll lwrk lamllj ms H V. rureri 1. ot, 1M ftli'.i.. ,1., sblnned 1 nte, jvtiu ,10 . io . smoked, I'Sfj )Ui , other hanis. smoked, elty curel, as to ) i u ,1 nnd ., mr 1 l(,c . hums sinokel, rttern e ire I, ls,jtJt do tolled, bine lejt ;iii2 1. plentc sHou!4ers, S. V cure I. lose. IJBljy-. do. smoUed lltfll1, . bellies. In pt kfe, according ta average loose HHjl&r , l-reakfast baoun, oj to brand and average, elty are,i. 22fi',Mc breakfut lucuii. Westorn cured 23821c lrd. Weitarn refined, jleraes. llVimc . do., do., do . tubs. llUSUV' lard pure cit, kettla reodered. In tleree 11. G lie . Urd. pure till, l.vttld rendered. In lubk, llsijl2c. h, MfiL"'",1" nd,'4K with moderat t- -.. "'i uiiriiua9 SlBi;,.sjS:1 VIENNA GOVERNMENT ACTS AbiSi;i,l'K;,i,, u'n bra"uil to stop financial panic (.i. Mrlctl in fresh egirs pretty well " stotk dufi 'in free' cales"' C,X eSS'.iV Money Is Artvancecl to Insolvent Con. VKGIiTARLI'S Market dull and lotsties an . abbase l,r Western latatoes er lush lVnnkl vani4 elioKe. itfuuuS . do fall to E-od. Mit 6.V Whllo lotatnes, Jorses ier la net. K) . t.w pmw jnMiuv, R.ueierii nearby flrm, s m n ..H,., in.. n-..l.. ...J. "...I '"..? -'"u' s.und&rd eate, esi.rn Uua tlritt fPpi rias,dp rtrstt 7nui7so per casai Jo seeonls Uwiuyo tr case. Candled and Denial Mnde of Stockholder's CJiarga of Irregulnrities. Donlnl of charges mado bv William Dt Cou, Jr . a minority stockholder in n petition for a mandamus, was made In Common I'l.as eourl tod.i by the Mani tinvny Besfcenier Ore I'omp.iny Stephen Robtnsiin, Jr. serretarv and treasurer, and R director of the company mad tho answer lie I'ou ehareed seoict and irregular mfth'Xis in the- rondtM t of the businesi und asktd the- court to compel the com lanv to allow him to I'Sinmn. al. records. In the nnswer the company rontends that Ie Cou a Uwser wanted tn eamlue th books f r 'ulterinr puipom" Tim com pany ho'ds that l'e i'ou ran lnt,pert thn records, but his lawer must be excluded. mril.l ..,..... ..".- :rrf . "'.'"C.l au .t ' ..-.. re,. rw JUL.D1 i out at 53 f J7v uer do ue t0 4j4luJ ul Jr eiir:i-:M:.Th ,nun -----. . . .. ...,ncv had Arrner, vL'i" ""njlsdual to the Jim i I oKsrm.. ork full ertam, ehulte liHie da aL f.lr to good, UVtoliSc.. di' Mtt ,kiSj, !, POULTRY f Is. old tnurf, 11J2... i.rl fine, Urge. 171. lo . i.ndfun oil. l-ini Pnrre. iu. bl.1 Xo 1 1 1W2 3A. No 2 tic SI Snt ixiiKin?! ,,rin e arcuna per bbi No 1 1175 1'.' No 2 lie St 1 sweet totaiocs Jer ti. tier bbl So 1. S'.' A0a2 7s. No ' li .mm BANK CLEARINGS Bank clearings today cumiared ntth coirs spoiijlng da last ii ears 1914 1113 1S12 Philadelphia ! ( mM.!' tiiBJJI SI3.S7T Boston 1 1 fl-2 1 1 7 .nii T73 1 .l 75 New ork lHi7i4li fj Ti)ti71 f 1 iT 771 isll M 14U1 l'-'7.-,t 1M JtlS.7.tU JU.861 7SU Chicago .. iS.&OO.OSJ H.1W.U7 ol,12S,(KH 1 73 Wf4t potatoes. Jersey. rr basktt 4') piUe eintcn. Wistorn ani Connecticut Val Il cbotre. ter 1( lb bair JIIOSIlo. ,to . medium, per lw-lb bag, l Csbbase, do mestic pr ton, 10911 relerj- New York. per tunrli IbQAOc Mushroocis uer 4 lb. basket. 50 nil 0 1'JtESH FRUITS Ayples more plentiful and eaier eUr frulU cenoially steadj ADDtes. Pr bll elraien- fi" tilt. TO lllush l7.'fO orher good eating arltu. It 768! VI medium tl C)it . apples, pel . per hamper. SoesOt Lemons, per box. JSS1. I'loeapplc. per crio i'orta Fowls. IT Tints i ltL ci . IUl da. ks. old. L.illl . a.. ,...ri... .ati kUiueas. per pali, oung BVlcVna , It m. "v II X-' N. do lgldS V ul 4 " atle.e Uo.jo ,to ufinl b Wv. Hie . old. .'.. pie.1,, Mr al rail? IHtl.KI) liestrable etoeH B(U cieB.j ""and um FVo..-kiHJ l,'l. fVr 11 ,i. "". MI..! wsifmns 16. aulut-e. &k... cems find Jlorntorlum Proclrttinet, VIKWi o, a. An eniorBcne hospital Is b,.',nB cr.Jted ',M! Septemher I W at n eost of $i'),.. b tho muinc .lits ,'r-l'1 P ' ' K"b' lliis win no used for tho treatment of Infectious dlsritses. lio?sns of buildings ha,ie bcn coin ei tod into hospltiiU for tha care of wounded foldlere. Bho are being brought hero from both the eastern and southern theatres of war for treat, merit. ThT is a fooling of dpresston In some i"iaiter which tho Uoverntnont is doing wi in lujiiitu juis Ha, DetQ accsm. i luated ! ttu tinuntlu and industrial 11 ai j sis THE MONEY MABKET ri-. uiith, sept, ti -I'uudittoaa In CAMDEN MAYOR SUMMONED Must Tell State Health Board Why Sewnge Plant Was Not Built. A summon to appear beforo the Stat Uoard of Health, at Trontun, on Sep tember 29 has been served on Mnyor Ellja. of Oamdon. that ho moy explain why the State should not take action becauso of the elt fullurt- lo build a. sow-ago disimaul plant in o inpliance with tho ordor to that ufToct ibkutd in 1910. Aeiendins to tho tvrm oi this urder tha cit w is t have roinpl ted sueh a plant nls 1 u , plans on inei r.irnliuin and another b Stieet t'uniinusl-uiei Haer9, ueru suliniittvd but ntltln-r na aptiroed by the hoard The elty then awaited 8UK eestlonu from thn U ard uf Health, but nona w.iu given and the date for tha torn, p'etlnn of the plant Pustfd without any Steps being taken toward Its , rtKjitrutlou. I'ltv S i ic-it.ii Uloakly will repreeii t'atnden in th comlog inquii) .V"?'"? Vi.I&f i5ilTi.T.TffiilJS''i ' th. money ,arW,t",I.4.'?'".1'.n in ouu iiinsr aritxo isr ni.i rrnMi . a-. ......... - .. . . . " . i'uuK Picked llHc ironing 'rtirkii r b. J6"08"" f on la there a better wcJeidnit l2 lbs kp1co ftbXe.. ua fair i tviliag prevalllnp. but lenders are some- to aoal liaise, chickens Western. z,.,i what Inclined to prant secommodation on I vwls.n.,a ,m lbi "Vl" do r.i ' h'? to a 6 per eent baau for te- 33" NAVAI, STORED FOOL DENIED WASHINQTOV t$. pt .'I Vtturney (Jcneral Uis-gurN t"da made- formal de 11I3I of 1 ! u tnat dealeia in naval btoicg hf formed a min mat on with 1U applosa! of the l-paituient of Jul lie. INM M MrhriM.S vw, . u ,w , yi.a(., cr uu 1 ue 1 els lnt MSI-' lbs per dox fll'Htil.W ,ii uoUhlni; 10 lUs pr do $ii3 7T white, wotghlnar S Ib 1 er di 1 i JMt; vi T lbs. pr do II 7V4,.'. Jo uc. i'jbi. n. ESJseii'fri l -WW. irk and No. 2, livn m For tlruc advance borroweis are hui dln 6 per cent , but liuttitutloiu. how over are still msUt n on 7 to 8 per lfnt foi various waturitiaa Thaia U huw ever, virtually no fixed rate Undlnt,- m vinnnii tis ( ovi sn iittiv ll i.CllrrUl Oltue. Itildlnie rerwliuml rh aniiiii iii iii 4. ,1 ti, sboiitrs aid ,.i, t i- n 11 ! 1 tUe lu 111 1 Mr c fir lb ensulrg wui vlll l l,-l 1 un.l.r th ' hrter uf llii. 1 . 111 1, an 1 t .1 r. f imlttf I tli the blj nt th 11 ? ft' II, k Tr tnlnal I'hila ,1. o. 1 . ... lluiulav. II. ek ltlb. 1911, at 11 n , I k , m. f it. u unun. aMerttary. asg ik 11 riiiiinmifti v , Jii j-ajiLi-e .. -- A K