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FINANCIAL AND COMMERCIAL S
, " EVENING MDgERPHILmELPHIA, MONDAY, flBPJBMB 28, 1,01.
)F
13
iTUATiorr-
HOME AND ABROAD-MARKET REPORTS
MARKET SITUATION
BETTER AS EIGHTH
WAR WEEK BEGINS
More Confidence Every
where and Talk of Early
Exchange Reopening Is
Evidence of
Conditions.
Improved
Kail liouscclcnnlng- la In order in the
banking and brokerage houses of tho big
flnnnclnt centres. Long-distance telo
rliono wires, wMoh were ordered out Just
after the stock exchanges closed) so as
to cut down expenses, are. being replaced;
itenographcrs arc busy sharpening pon
ella and bond salesmen who havo been
on protracted vacations are being called
In. For thero has come a general
brightening of the situation which fore
easts an early resumption of trading.
This Is tho eighth week of hostilities In
Europe and la also tho eighth wek slnco
thero developed the financial depression
Incident to tho closing of tho world's
Btook Exchanges Decauso or tno war.
Many things have happened at home and
abroad In tho meantime. There Is no In
dication that any cessation of hostilities
Is near, but thero arc- many evidences
that there Is at hand a readjustment of
tho financial situation which shall lead
shortly to a more normal resumption or
general business.
At no time during the olght long wooko
1h suspension has boen under way has
the outlook been so bright as It Is today.
There Is everywhere apparent that gen
ral feeling of confidence which has been
so badly needed and which has made
Itself felt to such a largo degree that In
the financial centres of tho country plans
are being gradually worked out for mar
ket operations on a larger scale than
ver.
London, New York and Philadelphia
markets have arranged to begin traalng
In securities within certain rcHtrlctlons.
The committee of tho London Exchango
has published a list of securities In which
trust funds may be Invested and has given
jnlnlmum prices for the same. There Is
also a proposal at the British centre to
deal In securities through auctioneers.
At homo the most Important step that
has been taken Is tho ruling that unlisted
gccurltlos may bo dealt In through brokers
and that prices must not be rigidly main
tained on tho basis available when the
Stock Exchango closed in July. All this
means preparations for actual business.
The list will probably from now on bo
gradually widened.
Managers of tho Stock Exchange are
now under the Impression that business
hay be resumed In an unrestricted way
on November 1. This Is still dependent
on the banking situation nnd tho esti
mate of November 1 Is contingent upon
the ability of tho federal Reserve Board
to havo the now banking conditions In
cractlcal workable form before that date.
The week opened in tho foreign ex
change market with a Jump of He. In
both demand nnd cables, A heavy de
mand for exchango was evidenced nnd
further ndvances are looked for. Tho In
quiry Is directly due to tho fact that
about $50,OCO,000 of American finance bills
held abroad have got to be met by Octo
ber .
Tho special demand for cables Is due to
the fact that no stenmer can possibly
reach the other side In time for the set
tlement. The Spcclul Committee of Five
of the New York Stock Exchange rules
mai on all loans or securities between
members ns well as on contracts for se
curities still unsettled to und Including
Scpte-nber 30 must be paid October 1.
Advices from London Indicate that con
ditions are rapidly Improving and the
statement Is made that at no time has
tho situation there been regarded as
eerlously as many have been Inclined to
believe.
Larse amounts of money are known
to be available In tho English capital
waiting opportunity for investment. It
ka1'' to assume, the information states,
ti.tt a part of It will seek the American
marki-ts for employment. Conditions In
London are said to bo better now than
they have been In weeks, nnd tho outlook
Is viewed by many with more confidence
than at any time since the present war
bega.i.
ASSETS REALIZATION CO
SITUATION IS IMPROVED
Report Made for Creditors Shows In
crease In Property Value.
The report prepared by Q. M. P. Mur
phy for the Creditors' Committee of the
Assets Realization Company, which Is In
the hands Of rifMl.r him lton ntlh
.mlttcd to that body. Ills conclusions are.
in pari, ns roiiows:
"The direct nnd contingent liabilities
ii.i cen "ocrcased by almost $3,000,000.
Although interest paid creditors nnd ex
pend lures In Improvement of the com
pany s property aggrcgato $394,999, cash
on hand has Increased $97,191. Exccutlvo
pr financial reorganization has been or
' effected In tho Breakwater Company,
the Slmms .Magneto Company, the United
states Worsted Company, tho Bitter Hoot
Valley Irrigation ttompany, the Art Metal
Construction Company and the Unttetl
mm8 M?tnl Pr0J"cs Company.
Xhe Aladln and Armstrong mines havo
been soldi tho Hardwaro and Wooden
ware Sy ml cnto has boen closed; the Ash-
ey & Bnlloy Company liquidation haa
boon practically completed! the Morris
lark estates have been financed beyond
ttie period of tho maturity of their mort
gages, and their direct obligations have
,?ii rcJUccd "V approximately $75,000.
THo stock of tho Stetvnrt Mining Com
pany, In which the company was largely
Interested, has, after Bcrious litigations
with F. A. Helnze, been sold at a satis
factory price, and tho situation of tho
United Copper syndicate has thus been
Improved. Tho distressing situations of
tho Kenwood Contracting Company, the
Plnclta Ranch Company and tho Swenson
.Land Company havo been adjusted on
terms more ' satisfactory than could bo
Justifiably anticipated. Tho King's High
way Company has boon sold, and tho
Fifth Avenue Investing and Improvement
Company saved from what threatened t6
bo completo destruction.
"Without obligation on our part, $2&,000
has been obtained for the developments
of the Gago Park property. Fixed annual
operations have been reduced to tho ex
tent of $147,195, and a groat variety of
small assets of tho company have been
realized upon or have been put In condi
tion for realization In duo season."
NEW FEDERATION OF
INSURANCE AGENTS
IS ORGANIZED HERE
State Body Covering Life,
Fire and Casualty Brokers
Will Make War on Pro
posed Obnoxious Laws.
SCHOLARSHIPS AWARDED
Sons of Pennsy Employes Will Enter
University of Pennsylvania.
Samuel Lyell Lelthlscr, of Havre do
Grace, Md., and William L- Butler, of
Now Philadelphia, Ohio, arc tho 1914
winners of the Frank Thomson Scholar
ships established in 1907 by tho children
of the late Frank Thomson, former presi
dent of tho Pennsylvania Railroad Com
pany, ns a memorial to their father. Both
tho successful candidates this year will
enter tho University of Pennsylvania.
Tho Thomson Scholarships oro awnrded
each year on a purely competitive basis
and are open only to tho sons of living
or decensed employes of tho lines of the
Pennsylvania Railroad system, both east
and west of Pittsburgh and Erie.
Lelthlscr Is tho son of Scale Inspector
Isaac I. Lolthlser, of tho Mnryland Divi
sion. He was born In Havro de Grace,
Md., March 2S, 1S03. Butler Is tho son
of E. R. Butler, passenger conductor on
tho Cleveland and Pittsburgh Division of
tho Lines West. He Is 19 years old.
NOTES OF THE RAIL
i
PUBLIC UTIL1 1 IES
In announcing their decision not to de
clare the regular quarterly dividend of 1
per cent, li common stock, which would
nominally bi paid October 15, directors of
the I'ugot Sound Traction, Light and
Power Company make this explanation
In a letter to stockholders, received here
today:
"During the Inst two years the Puget
Pouna district has suffered fiom general
depression in business throughout Paclllo
Mates nnd llrltlsh Columbia. This has
been reflected In earnings available for
common stock dividends. As It has sub
Jtantlal cash balnm-o and no floating debt
the eompany Is strong financially, but
as It Is Impossibly to estimate how long
business depression will continue direc
tors believe resources should bo con
served "
Although the franchises of 10 Ohio cities
with tho Kust Ohio Gus Company author
Ited that company to Increase Its price
for natural gus from 30 cents to 33 cents
lWi cuble feol, that company decided
that In vIlw of present financial condi
tions It would not make the advance. This
Oeclslun will help the consumers of tho
following eltlcs: Akron, Canton. Slassll
'on. Iierinison, New Philadelphia, Buck
eye City, panvllle. Uhrlclisvllle, Nlles,
Warren, r.nat Palestine. Lowcllvillo,
-trmh.n., Hubbard, Girard and Canal
Dover,
The Ohio Public Utilities Commission
ha 8 uutlioil.fil tiiu r'i,.i'..i i i,,m, ...,,. ,
--. ....j ., , l,,..,,., .W(,.1UJ IU
A decrease of B per cent per mllo in
total operating revenue of railroads In
June compared with the same month of
Inet year Is Bhown In tho summary of
the Bureau of Railway Economics. Tho
summary nlso shows that there was a
der reuse in operating expenses of 4.t per
cent. The net operating rovenue per mile
was $23 smaller, or 7 per cent., when com
pared with June, 1913.
With the Intention of breaking up the
practice of passengers riding on plat
forms of moving passenger cars, the
Pennsylvania Railroad has posted no
tices on bulletin boards of the Pittsburgh
Division warning passengers of the dan
ger in so doing.
Through a lost advertisement a passen
ger on tho Maryland Division of the
Pennsylvania Railroad recovered $100
which he had lost on tho platform In
Broad street station and which was
picked up by a brakeman nnd held by
the company until the owner was found.
Otnclals of the Pennsylvania saw the ad
vertisement, which appeared once, got
Into communication with the man and
the money, which was tho savings of a
six months' cruise on a sailing vessel, was
returned to him.
Chicago Is now nssured of its new 6.",
OOO.COO union station and passenger ter
minal yards, the Pennsylvania and other
roads interested In its Joint construction
having accepted the city ordinance gov
erning the undertaking. This Involved
the pnyment to the city of $325.S03, nnd a
few weeks ago there was danger that tho
enterprise would bo delayed In anticipa
tion of difficulty In raising the money,
owing to the war. This appears to havo
been overcome. The work Is to be com
pleted In live years.
Btatlstlcs show that only a little more
than 3 per cent, of tho passenger cars
turned out last year were of wooden con
struction, and in n few yenrs those of
wood will have disappeared from thn
principal arteries of travel, If not from all
roads. In the coming year nil postal cars
must bo of steel. In tho four years ended
January 1. 1913. steel passenger cars in
creased in number from 629 to 7271. and
steel underframe cars from 673 to 32M,
each of the former costing $13,000, which
serves to Indicate how expensive It Is to
the railroads to make tho change to metal
equipment.
Organization of the Insurance Federa
tion of Pennsylvania has been completed.
It has established temporary head
quarters In the rooms of tho Flro Insur
ance Society, In Fourth street near Wal
nut. Tho federation is mode up of life
lire and casualty Insurance agents and
brokers throughout tho State.
In a letter to brokers and agents, 3,
"VV. Henry, president of the newly formed
federation, declares that tho future of
the Insurance agent In Pennsylvania Is
In danger, nnd that there must bo made
a co-oporatlvo attack on laws, which, he
says, tho next Legislature plans to ,put
through covering Insuranco regulation
and operation.
"As you are well aware," says Presi
dent Henry, "tho Insurance business has
been tho subject of attack by Legislatures
In several States, nnd, as you know, the
Insuranco agents of Ohio, West Virginia,
Washington and other States, have been
put out of business after working yoara
in building up their agencies. Wo nro at
this time confrontod in Pennsylvania with
a Legislature about to convene to give
consideration to measures vital to tho
Interests of the Insuranco agents In tho
Stato of Pennsylvania, and wo must bo
prepared to meet tho Issue fairly by be
ing organized Into a body that will wield
such an Influenco as will grant to us ns
agents and citizens of tho Commonwealth
of Pennsylvania a right to continue in
the Insurance business as a means of
livelihood. Had tho agents been organ
ized In Ohio nnd other States, they would
still have their business.
"If the Insuranco business Is nttacked
nnd legislation passed which is detrimen
tal to the business, there will be no
further need of tho agent. Tho Insur
anco companies have no right to como
In. and say what character of legislation
shnll be passed., but wc. as citizens, tax
payers and voters of this Commonwealth
should say what sort of legislation shall
be put upon our bread and butter.
"Only organization can save and per
petuate to us tho need of tho agent in
PennsyWanlu, and as lire Insurance, work
men's compensation nnd llfo Insurance
we know will bo matters for considera
tion by our next Legislature, wo must,
for the salvation of our business, be
organized in a compact body, working
hr.nd In hand in legislative matters to
safeguard our business."
OITlccrs and directors of tho federation
are: J. W. Henry, president; S. H. Pool
nnd J. S. Turn, vice presidents; J. L.
Rlvolta, treasurer. Directors: Robert M.
Coylo, Philadelphia; Wallace M. Rcld,
Pittsburgh; Charles K. Yungman, Phila
delphia; James F. Tanner, Erie; H. A.
Logue, Pittsburgh; J. W. Barr. Oil Ulty;
J. B. Longncro, Philadelphia; V. S. Barr,
Lancaster; J. E. rnrnell, Indiana; Jerro
H. Barr, Reading; E. H. Bair, Greens
burg; J. F. Broadbent. Scranton, and
Jesse S. Bell. Willlamsport.
FINANCIAL BRIEFS
UTILITY EARNINGS
lsue
common capital stock amounting to
Jl.Of i 5')0 par value, to bv sold for not less
man par.
rectors of tho Columbus Railway,
ri
mu-'c ..... .-. . .. T . TT '
--... ..i.u j.ibiu i-nmuny. which Is man
aged unci operated by 5 Philadelphia linn.
nae declared Uia regular quarterly dlvl
tn '' ptr cnt- " tho in-tferrc.1
di .' Seru;Si iwjehlo on October 1. The
u rettors tuek no action toward lnmnclng
ii. .ei? ,ml""vements. It Is sulil. Iiuiv
ikii Improvementb and extensions
..-Li are urt'ent will bo tluunced out of
rnlngs.
ehe '"I'd 2100-horscpower unit of the
,0'! ""Plds hydro-electric development
constructed by H. M. Bylleaby tV ,.u
"w JIl88lsspPl niver has been placed In
S('.'A1'S,al "Perat'i''- An avcrng of
JWM) kilowatt hours will bo supplied
wtKly t0 the Minneapolis Uenvral iilec
nc Company from these three units.
UoS hUl.h..um, wm ba l"C" '" "Per.
fifth J bout,Ul "J'ddle of October, and the
Son lit last vnB ot too lultlal installa
f'oa in November,
TWIN OITV.
tU. Inrrensr.
AuKUst rress 7ns.r..'.! $it.7ll
furplux IM.sns ii.03.1
From January 1 0.141. its rinn.nm
Hurptuj 1.108.0A7 1S0.0SJ
PACIFIC MGHT AND roWEP..
August Kro $23,4nT $10,(114
Net Income V0.14I 3,1111)
Twelve month' Rroas., 1,34.1, '.'30 73.003
Burplus after dividends. SB.40T 80,731
31AISINO THE GOLD POOL
Steps toward raising the JS.000,000 fKnd.
which Is the allotment of tho national
banks of this city In the $100,000,000 gold
pool, are progressing. The proportion con
tributed by the various banks Is fixed on
a pro rata basis on their gold reserves.
Some of the banks already have taken
action on paying their share, and tho
others are waiting until meetings of their
respective boards of directors.
On October 7. at 2 p. m., tho Depart
ment of Agriculture will Issue a report of
condition and yields of grain crops.
Tho Utlca Steam nnd Mohawk Cotton
Mills, of Utlca, X. Y havo received an
order from the French Government for
00,000 sheets.
President Robert Lamont, of the Ameri
can Steel Foundries Company, on an In
spection trip of the company's plants,
saj'B that it will bo necessary to closo
some of the plants and curtail production
at other works. Mr. Lamont said that
the foundry business was decidedly poor
at present.
Retiring directors were re-olcctcd nt tho
annual meeting of the Chicago, Milwau
kee and St. Paul.
The American Gas Company announces
tho payment of the remaining outstand
ing $1,000,000 5 por cent, collateral trust
loan at Its maturity October 1, at tho of
fice of the Mnrchants" Union Trust Com
pany. The financing of tho loan was pro
vided for earlier In tho year by the place
ment of a like amount of 5 per cent, col
lateral trust bonds, all of which have been
sold to Investors.
ANOTHER BANK "BIiACKLIST"
WASHINGTON', Sept. 2S. Treasury De
pnrtment officials today completed a hop.
ond "black list" of banks accused u(
"hoarding" reserves ami churglng exces
sive Interest rates. Tho list will be re
ferred to Secretary McAdno and Comp
troller Williams, but whether It will bo
mado public has not been decided.
BECOBD COAL OUTPUT
The State Department of Mines at Har
rlsburg has Issued statistics on the amount
of coal mined In Pennsylvania In 1913.
The total is given as 261,657.020 tons, of
which 173,030.064 were bituminous and 91,.
626,956 anthracite. The total production
was larger thn In any previous year.
BANK CLEARINGS
Hank clearings today, compared with
tnriMjiiuiiiK tit.
lows:
I ho
fo.
1011. 1D1.1. mv
PMUd. ... mrti.1..1l J21.Klri.lU J24.0.I,0S1
Huston .... 1S.11I1.771I Ut.KH.tHft i'l 57N 21'l
New York M70.OD4.MU $331.32l,ftT ?23,67IUl
PHILADELPHIA MARKETS
GRAIN AND FLOUR
WHEAT. lUcelpU, 147,705 bush. The
market wm quiet with no Important chang
In prices. Car lots, In export elevator-No. 2
red, spot and Soptimber, $1.0881.181 No. 2 tM
Western, $1,1301.17! No. 1 Northern Dututn,
$1,1801.23,
CORN. rteceipls, 3809 hush. Demand
light and prices He. lower. Car lots for local
trade, as to location-No. 2 yellow, MiVB87c.i
steamer yellow, 8(k3S114e.
OATS. Ilecelpts, 48.500 buh. Trices de
clined He with buyers Indifferent. No. 2
white, 64354Hc; etandard white, 53US3ie-l
No. 3 white, MSSJ'io.
I'LOUIL Hecelpts, 70S bbl., 811,807 lbs.
In ack. The market dull nnd larnely nominal.
Per 1M lbs. In wood-Winter clear, -y5i
do., strnUht, $l.O05.ia; do., patent, J.2
S.OOi Kansas, straight. Jute sucks. 15.20915,60!
do., patent, Jute uncks, 5.60a5.75j , sprinit.
nrat clear, $4.7535! do,, straiam. ..im.-.
ao,, . patent, !S.G0r,.&rs . do.
air. ,h
ravorite oranu,.,
An., hit,., K r.nmfl lfit
lOnrt.S.l; city mills, 'choice and fancy .patent,
1000.23: eltv mllli. regular urndes-Wlnte-,
clear, $4.00fl4.85: do., straight, $I.OUlf3.l3i do.,
9.za?fn.
patent
111 H
i. no.
rr.omt. outet.
at $595.50 for nearby and
but steadily held
Western in ,
VEGETABLES
Quiet and prices favored buyers. White pota
toes, per bush. Pennsylvania, fiogfl3c.( New
York. 66S58C. i wnllo potatoes, Jersey, per bas
ket, 35B40c. j sweet potatoes, Eastern Shore,
per bbl.-No. 1, Il.7fifl2.n3; No. 2, 75c.ll;
wcet potatoes, North Carolina, per bbl. No.
1, 11.75112: No. 2, 75ca$l: sweets, Jersey,
per bbl. No. 1, $2.50fl-2.75; No. 2, U.GOfi1.70s
sweets, Jersey, per basket, 40350C. Onions,
Western and Connecticut valley, choice per
bAK. 75)0ic. Cabbage, domestic, per ton, 110
Gnz. celery, New yorx, per nuncn. loysuc.
Mushrooms, per 4-lb basket, 50c.y4J1.00.
FRESIJ FRUITS
In fair request and generally steady. Ap
ples, per bbl. Oravenstcln. $1 5032.25; J'lush.
$1.11002.25! other nood eating varieties, $i.5fT9
2.25; medium, $1Q'1.50; applet, Delaware and
Tcnnsylvanla, per hamper, soonoc. Lemons,
por box, Bffl. Pineapples, per crate Porto
Itlco, $1.25113.23! Florida, $lii?2.M). Cranber
ries. Capo Cod, Early Illack. per bbl,, $1.5005:
cranberries, Cape Cod, Karly niaek, per crnte.
2; cranberries, jersey, per orate uurK,
$1.75'E
11.75S
2.25: light. $t!S1.23. Huckleberries, per
qt.i hko.: l'eacnes, Virginia, per zu-io.
baiket, 2.VH50C. ; do., do., per crate, 75cift$1.2.1;
do., Delawaro and Maryland, per basket. 2tT
75c. i do., do., per crate, 7tic.ift$1.25: peaches,
Pennsylvania, per basket Largo white or yel
low, D0O75C. i medium, 30W4OC. ; peaches. Jer
ey. white on yellow, per -banket Extra
largo, 73390c; medium, 25S-i()c. Pears, near
by, per bbt. Unrtlett. No. 1. P3
5.50; do., No. 2. $2.60(?13: Clapp's Fav
orite, No. 1, S3.50ffi4.50; do.. No. 2. t2.MH3;
other varieties, $283; pears, N. Y. Sockel, per
bbl., 14Q5; pears, Ilartlott or Seckel. per
buhel basket. 1101.75. Grapes. Now York-
Concord, per S-U). baiket, 13315c; do., per
4-lb. basket, 8ft0c. : Dclawares. per 4-lb.
basket, 12frl5ci; grapes, Concord, per crate,
40JB0e. Plums, por 8-lb. basket, 20f25c.
Cantaloupes, Colorado, per crate, $1W1.50; do.,
do., flats. BOSMJc. Watermelons, Jersey, per
100. $10825.
SUGAR
HEFINKI). Trade slow at former rates.
Rtandnrd granulated. O.SOe.; fine prnnulated,
0.75c. ; powdered, n.Wc. : confectioners' A,
0.03c; eoft grades, S.DOSG.SOc
DATRY PRODUCTS
HtJTTKK. Market quiet and without Im
portant change. Offerings moderate but um
ple. Western rresh, solid-packed, creamery,
fancy, specials, 33c: extra, 31c; extra llrsts,
30c; nnts. 2SV.W21H50.; seconds. MVie.i
ladlo-packed, 2K(23c, as to quality; nearby
prints, fnnev, :Hc; do., averago extra. 32333c;
do., nruts, 20?t31c: do., seconds, 272Sc Spe
cial fancy brunds of prints Jobbing nt 3Mjluc.
i:JOS. Strictly fine fresh eggs kept well
cleaned up at steady prices. In free cases,
nearby extras, 31c per do. ; nearby firsts,
JS.40 per standard case: nearby current re
ceipts, $7,2017.50 per standard case; Western
extra firsts. $8,40 per case; do., firsts. $7.20.
7.30 per case; do., seconds, in.OOJfil.OO per
case. Candled and recrated fresh eggs were
Jobbed out at 33j."7c. per doz., as to quality.
C1IEF.SK. Trade quiet and the market
unchanged. New York, full-cream, choice, 10'4
STllV'iC. ; do., do., fair to good, 13'.iB10c. : do.,
part skims, OIiHc.
POULTRY
T.IVE. Plentiful and barely steady. Fowls,
1317c. ; old roostori, UtflOci ducks, old, 13y
14c. i do., spring, 14915c; guineas, per nalr,
young, weighing 2 lbs. and over apiece. iOc. ;
do., weighing lVtfplK lbs. apiece, fiOflO-'e.;
do., weighing 1 lb. apiece, 5Cc. ; old, 50c:
plirtons. per pair. 174J1BC
1IKKSSED Fine desirable sized stock
pretty well cleaned up at steady prices. Fresh
killed fowls, per lb., selocted heavy. 21-4c.;
faney, weighing 4Ufi5 lbs. apiece, 204c: do.
weighing 4 lbs. nplcco, 20c; welshing, 3! lbs,
apiece. l'flUSc. ; wolghlng 3 lbs. and under,
10e. ; old roosters, dry-picked. 13'Je. ; broiling
chickens, nearby, weighing 1HE- lbs. apiece.
JXl'OS'Je. ; broiling chickens, nearby, fair to
good, WWle. ; chickens. Western. 1 lbs. apiece,
10c; do,, do., 2Hfi3 lbs. apiece. 14ffll5c;
broiling chickens. Western, 1'iW lbs. apiece.
17flSc: broiling chickens, Western, fair to
good. 13fi'10e. ; squabs, per doz. White, weigh
ing 11 to 12 lbs. p.-r doz.. $.'I.R.,;H.2.1: white,
velghlng 0 to to lbs., per doz.. X2.731T3..M);
whltn. weighing 8 lbs., per doz.. $2.25?S.W;
do., do., 7 lbs., per doz.. tl.75fJ2; tlo.. do., (tfr
(,y, lbs., per doz., $1.2501.50; dark and No. 2,
50c.G$1.10.
PROVISIONS
Market quiet and unchanged. City beef.
In seta, smoked and alr-drled, ::1W-'!:.V. :
Western bnef. In tets, smoked, 31W31W:
city beef, knuckles ami tenders, smoked and
alr-drled, 32'fT.lc: Western beef, knuckle and
tenders, smoked. 32iff3lc; beef hams, $1043;
pork, family. 2rtf27; hams. S. P. rured.
loose. 13'fjlflVic.: do., skinned, loose, 13V.1J
10c; do., smoked, 1891 uc; other hams,
smoked, city cured, an to brand and nverage,
lSJjl'.'c: hnms. smoked. Western cured. !Si?
10c: do., boiled, boneless. 2.8f2:c. ; picnic
shoulderB, S. P. cured, loose. 12lT12'ic : do.,
smoked. 14ifl4'Sc ; bellies In pickle, according
to average. Icosc. Ifl'yfM'e ; breakfast bacon,
as to brand nnd average, city cur.-d. 2ls?2:ic.;
breakfast bacon, Western cure 3, 21Q23R.; lard,
Western, refined, tlercea. StUuWHV'. ; do., do.,
do., tubs, llVifttl'Cc. : lard pure city, kettle
rendered. In tierces, UVsiHl'Jic.: do., pure city,
kettlo rendered, in tubs. 1ll&Q!lc.
LIVE STOCK QUOTATIONS
CIIICA(iC). Sept. 28. IIOOS. Receipts,
20.OU0: market 10.-. higher; mixed nnd buu-hers,
s.2(if1i.ln; good heay. .s.7ifj'.i: rough heavy,
$r.ifi,.tl5- light. gs.'Onit.lo: pigs. $n.ioii.:i.v.
bulk, $S.10fi.83. C.'ATTL,B. Iteeelpts. 2J.000;
market steady to 13c. lower, beeveh, iJ.-tii'gll:
cows and heifers. f.1.75ftl.2.1. stockers and
feeders. 5fl.40fl.lfl: Tcxans. $T.40frt so; calves,
!.Mfill 50. BHKHP.-Receipts, 60,(100; market
We. lower; native and Western, $3.25i3.75;
lambs, $5.C0S!.
DIVIDENDS DECLARED
Yale & Towns Manufacturing Company, reg
ular quarterly Wj per cent., poyahlo Octo
ber 1.
Springfield and Xenl.i Rallnay, 2 per ecni.
on preferred, imynblo September 30 to stock of
lernrd 'September 25.
Youngntown nnd Ohl lilier Itallm.td, 1 per
cent, en preferred, payable fc'epu-mber "O tu
stork of record September 23.
Pennsylvania Salt Manufacturing I'ompany,
regular quarterly 3 per cent., uub! Oc
tober 13, to strK'k of record. September 3u.
Public Service Ounpany of Nortlurn Illinois.
regular quarterly l'a per cent, on preferred and
U rer cent, on common, payable November '.'
to stock of record Ootuhcr IS.
Illinois Northern T'Ulltles Company, regular
quarterly of $1 50 on preferred, rayabla No-
ember 2.
H. M. Bvllesby & Co. announce regular div
idends of 1 ,rwr cent, on thu prerenal uf the
following companies for the quarter in.le.l
September 30, palable October 15. Northern
States Power, Western Stales Oni and K'r..
trie and Oittumw,i Itnllway and Light.
NEW YORK BUTTER, AND EGOS
NKW YOUK. Sept. 2. - rtCTTEIl quiet;
receipts. 4001 tubs creamery, extra .Mia::aj.
Stato dairy, tubs. 22ti2uc. , Irnltaliun creamery
!trU, L'tyClV. r:ilUS ,Uout. recuipts. wji
crates; nearby white, fan. y. ';.ltt.'iS . nearby
mlxel. fancy. 23tl-!c. . frcih. .tr-llt. Slt-so
NEW INCOME TAX RTJMNO
Commissioner Kederer. of the Internal
Revenue Department, today Issued tho
following ruling- covering Income tax on I
bond coupons:
"Whan coupons from bonds due on or '
Buosequent 10 uctoDer J, J9U, are accom
panied by certificates of ownership which
wero properly executed on or prior to
October. 1914, on the old form pre
scribed prior to May 3, 1914, such certifi
cates will bo accepted."
$400,000
Live Money for Live Mortgages
In 115.000 to $50,000 amounts; no advanc.s
Scad full particulars Immediately
HORACE K. READ
IU UHOAIMVAY, NEW VOBB
DIRECT ROUTE
Interstate Fair
TRENTON FAIR GROUNDS
SPECIAL TRAINS direct to th
September 28, 29, 30
October 1 and 2
WEDNESDAY.
e Fair Grounds
SEPTKMHKK 80
I.eate Ilroail Street Stutlon 7 0.", and S 02 A SI tunning at nrliu-inni ....,tnn.
S5llJiR,Kli."?a '!' VV Mi .,"",""e " '' i'hu'VT. "S No'r'u. 'ft '?w:
phla only Ittturning. leate fair UrounU r. 1.1 ml , ihi p. si. for PhilaVl. i.hiu
anu NoLliaa'ranS.rp'1"" """ Ktt'iffi
THIR8DAY. OCTOIIEn 1
VL,.:7rttu" ?"" ?iaon t :yi ami S:03 A. 31.. Monnlnr at nrliwinai ntirt.
tiopplns ut Vet ihiU(Uiphla ani
11 una a imi t 3a. t
deh.hia onlj at 3.00. 5 30 and S:ra P. u "
,Jf"'.1i!!n.". . '.? ,??ecl! t.ra'n. convenient ruulur trains will siod at rat..
ror uctauta information ea Fljers or consult Agents
ana at u:ua ami 10 oa A. M.. an.l 1 M I
,uriu x-nita.tiejnnia omv. ictnrninr ..i. t..i. .,..: ,.. . .
PhliVrtiinhTL'"''' K'lT.'tf'1 'nt'"""! stations: for Itr.iijVt
Philadelphia ani orlh IMillailelphia onli at 3.00. B 3u and 5:&s
In addition to the
of Fair U rounds lUtly.
Pennsylvania
Railroad w
10AR!!J
I I o 4 sy uip
WHEAT FLUCTUATES
AND CLOSES HIGHER
DESPITE BIG SUPPLY
Large Primary Receipts in
the Morning Count Against
Values, But Selling Is
Overdone.
PORT OF PHILADELPHIA
CHICAGO, Sept. 2S. Today's wheat
markrt tvns rather an unimportant affair,
although llncuatlons wcro ttfl numerous
nnd as fllKhty as usual. Weaker foreign
markotn, InrRo primary receipts and an
enormous Increase in the domestic visible
supply counted nB.alnst values durlnB tho
morning, but tho selling wan overdone.
The grain was well but quietly absorbed
on the weak spote, and was hard to locate
afterward until tho market had scored
an advance of about to IU cents over
Saturday's Choice. There was considerable
business done today in the way of ex
port sales, but the .participant kopt It
well covered. ,.,.,
Trade In corn was small a"" country
sales nnd consignments were light. The
market was easy. The weather was ex
cellent over the entire belt. Iutures
closed 4 to -ft cents lower.
Oats dlsplnycd some strength on fairly
good local speculative buying, which was
stimulated to some extent by cotiflliwr
able export sales from tho seaboard.
Futures closed U cent higher.
lyjaumi- luiur .,.... Saturday's
m.,l- Orwn. HlBlt. I3W. Close
September .. 1.0.V .''i?
December .. l.OSV l.int'
May 1.15- 1.10ft
corn (new ucuvcryj
i'
iriQ.T. 1 H44
l.'lC, 1.10i
47
02i
t47'l
4II
B2t,
ant.mtMtr .. 7fi'i ,0'i
December .. U J'',
May 72i ,2
uais
September
December
May
ixi rn
September
October .... !).W1
January ....10.0.,
September ,11.N lt.ti..
October ....m.s.-. Ml. in
January ....10.52 10..,,
l'ork
September ..1,.2.
January ....1!) 1?.P.
MJId. tAakerl. tNom.
O'llJ
4W
4!i
7SH
72'A
4l'i
1HJ,
close.
l.5
l.'IS-'i
1.151s
7fl!i
t70
72Hi
MJ4
521
n.itr,
10.15
0.55
lo.or,
to.nr, ti.55
y.W 11.03
10.12 10.03
lt.n 11.95 ll.no
10.V, 'lLlO tlO.N)
10.W 10.57 10.50
17.2T,
lfi.75 13.07 '10.77
PHILA. BANK STATEMENT
"Reserve Again Increased; Loans,
Bond and Individual Deposits
Smaller.
The statement of the members of the
Philadelphia Clearing limine Association
for tho week ending today shows that
reserves again Increased, while loans and
deposits of banks and Individuals fell off.
Tho Items compare with last week's state
ment as follows: Loans, $l01.25fi,WO: de
crease, Jl.020.or0: Individual deposits, J301,-6-18.000;
decrease. J822.CW; circulation, 15,
3 800; Increase, $2fiO,fflO; due from banks,
JIU841.0CO; decrease, $2,7),00O; Clearing
House exchanges. $10,058,040; decrease,
$250,000; reserve, $W,4M,000; Increase,
$757.0no.
SMOp.m.
0;t,0 p.m.
3:49 p.m.
n. IHlKh water, filip p.m.
a, Ijow water. .12:0, p.m.
I High water. 3:40 p.m.
isnw water.. iu.wj p.m.
SUN AND TIDES,
Bun rises ... fi:52n.m. I Sun sets .
PltlfiADBt,PHIA
Hleh water. 8;Ma.m. I Illsrti water
Iw water.. 3:31 a.m. I low water.
nEBDr ISLAND
Hlh water. 6:45 a.m. I Hlh water
Low water., , ...R.m
BREAKWATKR
Hlsh water. .1:81 a.m.
Iw water.. 0:15a.m.
Vessels Arriving Today
Dominion nr.), Ingham, Liverpool, passen
gers and merchandise, American I.lne, docked
Washington avenue wharf :30 a, m.
Frutera (Nor.), I'ort Antonio, fruit, United
Fruit Company. Docked S a. m.
Conrad Mohr fNor.j. llerghs, via Marcus
Hook, Josoph O. Oabrlcl, Point lirceje.
Steamships to Arrive
PAssENonn.
Nnm. From. Failed.
Mongolian ,.,..., ttlasgow Sept. in
Btnmpalla Naples Sept. IS
Merlon Liverpool bept. 2.1
California Copenhagen ...Sept.
FHEIOHT.
City of Durham Calcutta Kept. 1
.yfdyk Hottenlam ... .Sept. 13
Start Point London Kept. 12
Man, Mariner Manchester ...Sept. ID
Adolfo Ituelva Sept. II
Hiutmfetn Calcutta Sept.
Canadla Stavnnger Kent. 15
Zerenbcrsen Cardiff Sept. is
Narvik
Itapldan ...
Missouri ..,,
mitotan ....
Greenwich ..
Wlnlntnn ...
Man. Miller
Corrlston ...
..MIddleslom . ..Hrit. 1M
...Lelth Hept. in
...l.ondon Sept. 22
...Hllo Kpt.
. ...Newcastle.N. M.fept. 22
. ..ft.vinrpnt.c.V.Sept. 17
.Manchester
. ! orrey
Steamships to Leave
PASSENOEIl.
Name. For.
Dominion Liverpool ...
Htnmpalla Naples
Merlnn Liverpool ....
Moiienll.in rilasaun'
cnntornia ..
flranlenhorg
West I'olnt..
Canadla ....
rirnclnna . . . .
XM'iyic
Copenhagen
FnEIOHT.
Copenhagen
lnndon ....
Chrlstlanla
f.eltb
Itnttnrclam
.Hent. 24
.Sept. 23
Date.
...Oct. n
...Oct. 0
...Oct. l'
...Oct. 17
...Oct. It!
..Sept. -.
.Sept. SO
...Oct. .1
..Sept. 30
. ..Ort. 8
...Oct. 10
. . .Oct. 10
...Oct. 14
...Oct. IU
Date.
Sept. 14
..Sept. 17
Date.
S'ept. 2S
Sept. 2S
.f-pt. LM
Sept. ;io
.Sept. .'W
Sept. an
.l'T. 7,
BANK TO MAKE PAYMENT
Tradesmen's Trust Company to Pay
20 Per Cent. More.
Auditors who are going over the books
of tho Tradesmen's Trust Company held
an Informal meeting this morning with
Percy M. Chandler, the receiver, and
John C. TJell, Attorney General. The
auditors nro Kugene Snyder and Henry
Borneman. They aro hopeful that an
other payment to tho depositors can be
made within a short time.
The bank has mado two payments to de
positors. One was 37M: per cent, and the
other WM:. Tho third and probably the
last one will be 20 per cent. Tho audit
ors reported that thoy were about ready
to close their work.
Man. Mar ner Mnncbestr
Start I'olnt Ixindon ....
Missouri t.ondon ....
Itapldan t.-ltli
PORT OF JNEW YORK
Vessels Arriving' Today
Name. From. Dookel.
Columbia Olastow 8 a.m.
Krlstlanlfjord Utrgcn 8 a.m.
Espaeno Havre 8 a.m.
Minnehaha London l p.m.
Steamships to Arrive
DUB TODAT.
Name. From.
St. Anna Naples
DUE TUESDAY. -United
States Conenhao'i.n
Stampalla Naples Sept.' 18
Steamships to Leave
Name. For.
Chicago Havre
Vlralnlo Uordeaux
N. Amsterdam Itutterdam
New York Liverpool
Mauretanla Liverpool
Adriatic Liverpool
Columbia Il.i,i-.,w
Philadelphia Liverpool . ...i.'octi
umf-H. u ,.uam ..apies Oct 1
Mlntelinha Indon Oct' :t
Espat-ne Havre Oct! 3
FREIGHTS AND CHARTERS
The unabated moderate demand for prompt
honts keeps the stoam markot active and rates
steady. Chartering In the sail market Is at a
standstill.
STEAMSHIPS
Sllngsby lltr.), New York to picked nort3
rr.lted Kingdom, grain. 21.W. quarters ".
0d' pon'pt ftlon French Atlantic ports', 5s!
iifr"?n,e1?. (Br-)- 2,1,y' luarters. same, from
i'nlladelphla.
Shakespeare fr.), OuU to Havre, grain
2:1 OOO quarters. 3s. (ijd., Or.tober. r"1.
Karuma tl)r.), Oulf to picked ports United
Kingdom, grain. St.. option Ftench Atlantic
ports. 3s. 3d., or Mediterranean ports, 3s. Sd
prompt "J"
Santanderlno (Span.). 1MI tons, tranat
lantle trade, one trip on time charter, basis
4t. 0d.. delivery Gulf, redelivery United King.
dom. prompt.
Nils (Nor.). 1101 tons. Progreso to Mobile
hemp, 1(1 centa, prompt.
I.assell (Am.). 122T, tons, coastwise trade
one round trip, private terms, prompt.
King Idwal (Br.). 230 tons. Virginia tc
Montevideo, coal, l.'.s. W.. prompt.
Hlrglii (Nor.), 1174 tons. Ilaltlmore to Guan
tanamo, coal, private terms, prompt.
Camilla (Nor.. IWO tons. H.iltlmore to Ha
vana, coal, private terms, prompt.
Foreign .steamer. Port Arthur, Texas, to
four ports Australia, refined petroleum, 130
0C0 cases, basis 22 cnts one port, October.
RATES POR MONEY
The rates for money at all tho leading finan
cial centres today were quoted as fullonj:
,.,, a , ,., Cal1- Time.
Philadelphia t; n
New York fl BJS 7 Qtf
Hostnn s B STS
Chicago 7 7
Philadelphia Commercial par--r. three to six
months' maturities, 77l per cent.
U.S.COMMERCE BOARD
WILL LOOK INTO THE
EMBARGO SITUATION
Makes All Coal Railroads
Parties to Inquiry Into Re
ported D i s c r i m i n a tion
Against Shippers.
Hecause complaints havo been mad
that certain coal-carrying railroads have
established embargoed that resulted in
discrimination against shippers, tho In
terstate Commerce Commission has do
cldtd to investigate the question of em
bargoes generally and the conditions un
der which they are established. Ac
cotdlngly, nil the railroads of tho coun
try that carry coal will bo mado parties
tu tho inquiry, which will bogin In Chi
cajo on January 20. ISIS, and from which
the Commission hopes there will result
tilt establishment of a system of em
nr?Q regulations.
Tho order of the Commission covering
the Inquiry follows:
"The subject of the rules, regulations
and practices of common curriers by rail
having been brought to the attention of
the Commission by informal complaints,
wherein It was alleged that certain coal
rnuds established urnbaigots which re
silted in unjust discrimination against
shippers; and the Commission, as a con
sequence, desiring to Inform Itself gen
erally as to the question of embargoes,
the conditions tinder which they aro es
tablished, and tho manner In which no
tice la given, with a view to prescribing
reasonable regulations for such em
bargoes. "it Is ordered, that a proceeding of in
quiry and Investigation be, and tho same
Is hereby instituted into and concerning
supject or the rules, regulations and
the
practices ot carriers In establishing em-
uarsoe.
"It Is further ordered, that all common
carriers by rail, subject to tho act to
regulate commerce, be. and they are here
by mnde parties respondent to this pro
ceeding: that this proceeding bo set for
hearings at such times nnd places as the
Commission hereafter shall designate
that the parties respondent bo required
to appear and testify or to produce
books, documents and papers as tho Com
mission shall deom necessary."
RAILROAD EARNINGS
ILLINOIS TEXTUAL
1!tt4. Kll.l.
August gross . . ..., M.Vi.'l $.'.ttl7. 122
Net 1.2110.21,4 WI.M).-,
2 months' gross. 11. 211. n.'l. ll.O.-.r, k:;,
Net l.Odn.iVir. 1.7CJI.2S.-.
YAZOO ANU
grfs
August
Not
2 months'
Net . . .
LOVISVILLR
Ml
J!i2
Ine
?1IK,220
2ii.s,4.,:i
1M1.444
:ofl.20
gross. 1.
ro.220
r7S..",02
.'31, IO
A Nil
IKSIPI'I VALLKY
11 J.MI.37!) 11. 732
30..T2.-,
sn.ou::
72, .-.-, 1
ItO.Ril.-,
i-..n.vs
NASH VI LLC
Third ueelc Sept. 1. IIS. C.-, l,'.'l2.70r, J120 SRO
From July 1 ll.7W.i2' 13.71S.m7 "J31.S1II
LOI'ISIANA AND AltKANSAS
Year ending Jun- 30-
Gross J1.70l.2'lS $l.(i73.4r.!l .2t.74l)
Net 4PS.OV) SR3.MX1 C'S.417
Surplus 1H-.I.47C, 2711,2!)!) 70.823
SOUTHERN HAILWAY
Third week Scpt.1.2.Vt.'if. .t.t!it.17t tl3n.3,'.il
From July 1 tfi.171.QU, lfi.343..1RO '171.365
TOLEDO, PEOP.IA AND WKSTKItS
Third week Sept. .f22.l4 J2S.024 $ 100
rrom July 1 273. ssS 2MI.4US 15..V0
ANN AltllOrt
Second wk. Sept. $.V),2. S4.:is.
IVom July 1 fi0!i,h20 .V)4.;il.s
CENTRAL OF fiEOIWlA
June gross f:Cl.f)72 JS.mi.i;o
Ne: .Vl.tli,.". 01.04.)
12 mos. sross. . . 14.210,742 13.VM.S72
Net 2.003.214 3,)1,SS3
"Decrease.
JI.N20
5.502
.',. 551
MH.-MS
355. S70
P5.C:J0
BAR SILVER
Bar silver was quoted in London today
at :i pertre; on 'i pence: commercial bar
sliver Hai cents
cent.
on u
; --'SSeaKi $2,S50, f. o. b. Detroit Sti Six J .
- " aTr. rfir.L. iti - rn -y js " ll. m, m, a
L ' -
11
1
I;
The Car With a Thousand Charms
Fortret for the- moment that the Limousine
described sells this year for $2,550 We are
facing new price standards in upper-class cars.
The time is past when luxury lovtrs need suf
fer over-tax.
Tho Famous Chassis
Thi is the new-model HUDSON Six-iO
the latest production of Howard E. Coffin
America's foremost designer.
Mr. Coffin, with the 47 other engineers, has
devoted fmir years to this model. It is their
final conception of the ideal Six.
It excels in lightness, in economy, in beauty
and equipment. In many ways it is the finest
example of the new-day quality car-
And the size is just ripht for ease of hand
ling, combined with ample room.
The Artistic Side
This Limousine body is built for us by fa
mous New England coach builders. Every de
tail shows the artist's touch.
It is upholstered and trimmed in finest im
ported fabrics. Sample books at your local
HUDSON showroom will offer you four op
tion. The hardware Is hard rubber-covered. Tint
is, door handles, window lifts, etc The rear
tloors loit.
There are all the dainty appointments toilet
oases, smoking caes, electric light in the dome,
electric telephone to driver.
All the glass is sashless. Window and door
lights may be dropped The sashless glass
ruck- of the driver is adjusted for ventilating
u at any height.
The windows and doors have roll curtains
Koll-tip storm curtains protect the front seat.
the extra seats are collapsible, and one may
set them to face either front or rear
f All This for $2,550
fail It lTdtrn S,lKeii Jn ev"y Prt at de
tail it denotes our level best.
It comes with a Limousine body built by
d?gVee" C art U ' ,ux," the. las'
;nvW,"Ior the f'Tst tin'e brcause of HUD
r,i eJ.no,,nt'-this highest cl.4SS of clo-ed
car Is offered at $2,550
Go judge for yourself at vour lli,i.n i,..
......., aj- car at any price offers
jvu ucsire
-' -wm vum rraiirail.
more than
HiDitr Iloadater ..11. ...
a-l ..aroKer C.brlolrt .elU J,.r si,76(j:
M.llSS",r "tt ,.l',',-'irhX!.'".--" llo.-.i,r.
GOMERY-SCHWARTZ MOTOR CAR CO.. 253 North Rr.J s pi.:..
..... "
IMMEDIATE DELIVERIES
Tickets jood uoly oa date of tale
I
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K; "'" "- -v- 4fr. "-- - tin jA
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