- lip 1 1 rv aBHB z w 'WLmmc S-U i1 EVENING LEDGBB-PHlIADBI-IgJA TUESDAY, SEPTEMBER, 29, 1014 13 FINANCIAL AND COMMERCIAL SITUATION AfTfOME AND ABROAD-MARKET REPORTS BROKERS ARE GIVEN GREATER LEEWAY IN MAKING BOND SALES Permitted Now to Trade Among Themselves Ex change Reopening Plans Depend on Reserve Bank Operation. Beginning today, and until further no tice, .dealers In investment securities which nro not listed on the Stock Ex changes may trade as between them--elves. They may Issue circulars or a t of their security offerings, but the prices to bo quoted, cither In Individual talts among brokers or to Investors, must Arst b' scrutinized and officially approved by the- special committee, representing tho different bond 'houses, named somo tlmo -go to sanction proposed stock and bond transfers. This Is tho first tlmo since the exchanges cloicd that such prlvllcgo has boon of ficially granted tho Investment brokers. They havo been permitted, for several weeks, lo ncgotlato sahs o'f their own sc furltlc's to Individual investors, subject to the committee's approval, but they have Keen restrained from transfers aa between th anisettes. Tho Idea of tho orig inal plan was to prevent tho letting down of bars that would permit unrestricted transactions that might have a tendency to Influence tho very liquidation which Investment1 houses everywhere and tho banking Institutions that hold their se curities ns collateral havo been trying to stave off. And It Is for this same rea lon that the officials of the various ex changes throughout the country are go ing slow on the reopening proposition. The gradual wiping out of the restric tions that Jiavc surrounded trading since the end of July Is an Indication' of tho better feeling regarding tho general finan cial outlook. In Now York today Invest ment' bankers are talking of a formal reopening of the exchange about Decem ber 1. Tho original date sot by.oovcral clMnformed traders waB November 1, but there was not taken Into consideration In this prophecy the fact that It is very likely the Federal Reserve Board plan wouM not be In operation by that time. And there Is overy "reason to believe that there' will be nothing done in tho line of a general ofllclul resumption until these plans. .shall have been completed. Inasmuch as there Is coming duo October 1 a large number of American debts owed abroad, thero has been a general- stiffening In tho foreign exchange market. Prices In the lost few days havo taker) a decided upward tendency, espe cially in the caso of cable rates, which are so much In demand now In view of the Impossibility for the transfer pf gold to Europe by steamship In time to reach foreltfrVports on the October duo date. Ex$nlon of the British moratorium from, October 4 to November 4 does not apply to bills of exchange other than checks or bills on demand. On account of the fact that these obligations are excluded from the extension, persons on this side who had been taking advan tage of tho moratorium are obliged to buy exchange In order to rnvnr thoi r.K. ligations before October i. It Is understood that a largo volume of finance bills had been put out during the summer months, bankers expecting to cover these bills with grain and cot ton exchango at low rates, but their maturities have been extended from time to time under the moratorium. Now that settlements must be made by October -1 there was also a good inquiry for de mand bills on Loudon for the Maure tanla, nhlch-ls. the last boat to reach London bv October 4. finmo nf ihau finance bills havo been renewed, but It U believed In somo quarters that no (mall part of them will bo paid off. NATIONAL BANK CONDITIONS e-esB-- Comptroller's Ileport for This District Shows Resources of Over Billion. Tho Comptroller of the Currency has Issued n, report showing condition of the 768 national banks, ns of June 9a 1914, located In Federal Reserve District No. 3, comprising eastern Pennsylvania and nil of New Jersey and Delaware. Total re sources of tho banks on that dato were $1,246,921,250. Only tho New Tork and Chicago districts exceeded this total. Of tho resources, tho, largest individual item, loans and discounts, amounted to 23,697,816, or little more than 60 per cent of tho total. Bonds and securities other than stocks held by the banks amounted to J209,762,605, tho second largest item of resources. Includod In tho liabilities against these resources was $730,188,217 In deposits of Individuals, $116,212,839 surplus and $27,001,310 undivided profits. THIS CITY FIRST IN GREAT WATER POWER DEVELOPMENT WORK Announcement Concerning Cramp Notes Directs At tention to. Firm's Change of Policy in Engine Construction. AUSTRIA CONFISCATES RAILROAD SECURITIES Pretext Is That Canadian Pacific Has Refused Dividend Payments. LONDON, Sept 29. The Austrian Gov ernment lias confiscated securities of the Canadian Pacific Hallway held in Aus trian on tho protoxt that the company lias refused to pay dividends duo Aus trian stockholders, says a dispatch from Venice. Observation cars belonging to the Ca nadian Pacific, on tho Austrian Railways, have also been seized. UTILITY EARNINGS SOUTHERN CALIFORNIA EDISON COM PANY. 1014. Increase August rn- revenue.... .41t,01" l,30l Net revenue 227,81s 31,1)00 Till: CLEVELAND ELtSCTIUC ILLUMINAT ING COMPANY. August gross earnings.,.. $280,4.10 $.1,4n4 Operating income 130,030 '8,460 Twelvo months dross naming 4,2.10,227 400.14S Operating Incomo 1,007,873 103,807 PACIFIC rOWEIl AND LIGHT COMPANY, August gross earnings.... 1123,457 $10,014 Net earnings 62.289 4,383 . For 12 months ended August 81 Gross enrnlngs 1,343,2.10 Net earnings 607,555 Decrease. 7.1,003 07,(111 FINANCIAL BRIEFS Approximately $175,000 of tho G per cent, first mortgago bonds of the Birmingham, Ensley and Bessemer Railroad, Interest on which was defaulted on September 1, have been deposited with tho Ameri can Trust Company, of Boston, depos itory of tho Minority Bondholders' Pro tective Committee, since the call for tho deposit of the bonds was Issued. The Investigation of tho railroad, which was started by tho minority committee, Is continuing-. PUBLIC UTILITIES Judge II. A. Mathews In the Bibb Su perior Court, Georgia, granted a perma nnt Injunction against the Macon Gas Company from Increasing its capital stock tbove J500.C00. The company somo time So petitioned the Railroad Commission 'or authority to Issue JCOO.OOO additional common stock. The .California Railroad Commission has uthorized tho Valley Pipe Lino Company to Issue C3.1S1 ihares of capital stock at nit less than $50 per share. The minimum Price wan fixed by tho commission be tause of the present Kuropean war condl Jons. Tho proceeds from the sale of tho ock aro to bo used to construct an oil i ii? A. 'rom the ,and3 ot "le California itlds, Ltd., near Cgallnga. Fresno Co!!"' l Martll,ez Contra. Costa The Ohio Public Utilities Commission "'authorized the Ohio Servlco Company o Isfue $630,000 of new capital stock to wed for the acquisition of electric .hi . y anU "shtlng properties at Co. iSf1' Cambridge Canal Dover. New miladeiphla, Urlchsvllle and Dennlson. Enjoining the Newark Natural Gas and fni Lmpany from advancing Its rate w natural gas from IS cents to 25 cents I Qll,nd Clb!c et. the Ohio Court of thVT. haa s"talned Judge Jewell, of i.m mmon Pleas -"ourt. who rendered a ni,i!f n ln favor of tne c"y - Newark, uwq, against the gas company. By direction of tho Secretary of tho Trensury authorized and Issued bonds of the territory of Hawaii aro now ac ceptable security as a. basis for the Is suance of currency to national banks through tho national currency associa tions, under tho amended Vreeland-Ald-rlch currency act. Affairs of the New England Trust Company, which have been In the courts for several years, were terminated In Providence, It. i today by the discharge of John P. Boogan oa receiver. Representatives of the State and na tional banks of Cleveland havo voted to contrlbuto $1,750,000 to the $100,000,000 na tional gom pool. The Wheeling and Lake Erie Railroad company has laid oft 400 men at Its Brewster, O., shops, and has made a similar reduction in its shops at East Toledo, O. The strike of the Ohio coal miners hns affected the earnings of the company. It was announced today that an order for 500 tons of special billets has been given to tho Pennsylvania Steel Com pany by one of tho manufacturers who recently participated ln the big contract for horseshoe nails placed ln this country uj cue rrencn ana uussian uovernments. A cable was received here today an nouncing that the Russian Government has raised the embargo on exports of Ferro-manganese, which It imposed about a month ago. Tho New York Shipbuilding Company has received an order from tho Gulf Oil Company to construct a largo oil tanker costing about $250,000. It is announced from San Francisco that the Northern Electric Railway will default on October 1 on coupons of $3,750, 000 underlying bonds. Interest on $6,652, 000 junior bonds was defaulted on June 1. Becausa of unsettled financial condi tions, directors of the American Public utilities company have decided not to declare tho usual "4 of 1 per cent, divi dend on tho common stock of the com pany. Tho regular quarterly dividend of 1V4 per cent, on tho preferred has ul ready been declared and will bo payable October 10 to stock of record Septem ber 30. Announcement by bankets that they would pay In advance the JHD.OOO notes due January 1, 1MB, of the William Cramp & Sons Ship and Engine Building Com pany has attracted attention lo the affairs of this company, which have been handled In such a manner aa to be able to meet Its notes In advance. When William Cramp early in the last century founded the famous shipyard which still bears his name, he apparently had dreams of mighty armaments to be constructed and with what pride they would carry tho American flag to all parts of the world and thunder forth tons of steel In defense of It, if necessary. His vision came true In more than one way, for the Cramp-built ships were tho "cracks" of the American Navy, and at Manila and Santiago poured forth their bolts In fulfilment of the vision. With the dawn of a new century, how over, the successors of this great mind realized that the wonderful opportunity of tho business man of America, was not In the building of engines of destruction, but those of development; and few pco plo In Philadelphia know that tho Wm, Cramp & Sons Ship and Engine Building Company Is ono of the foremost design ers of hydraulic turbines for tho develop ment of water power ln the world an Industry which Is being exploited by the comparatively newer form of Investment known ns Public Utility. The first effort of private enterprise to develop the water power of this country to make It a salable commodity was made In 1S0O, at Niagara Falls, where a company known as the Niagara Falls Power Company began work on a hydro electric generating station, which was to exceed ln size and Importance any which, up to that time, had been constructed, either in tho United States or Europe. When It Is remembered that up to this tlmo a turbine of greater capacity than 1000 horsepower had never been construct ed and this effort called for 10 units of GOOO horsepower each, It Is not surprising thai the venture created quite a little In terest. It Is not generally known that it was our own Philadelphia concern which was awarded this contract and carried It out to successful completion. NIAGARA FALLS PLANT. Success of this venture advertised the possibilities of this kind of endeavor to tho moneyed Interests throughout tho country, and with their usual celerity they seized the opportunity with avidity. The first Important work attempted, after It was thoroughly demonstrated that this was a safe field for prlvato Investment, was the Canadian Power Company, which In 1900 at Niagara Falls constructed a plant which, although only two units wero planned, yet each one called for a ca pacity of 10,000 horsepower. The Cana dians followed up this effort with tho construction of larger plants capable of delivering 43.EOO horsepower. By this tlmo Investors raro quite fa miliar with this form of security, and dealers had no hesitancy In offering them, ana. as a result, water power sites throughout this country and Canada were eagerly sought. The most Important of these have been the Hurontan Company, Ontario, 10,630 horsepower; West Kootenay Power and Light Company, British Columbia, 16,000 horsepower; Toronto Power Company, 53.000 horsepower; St. Lawrence River Power Company, New York, 24,000 horse power; McCalPs Ferry Power Company (later the Pennsylvania Water and Power Company), McCall's Ferry, Pa., 81,000 horsepower; Central Colorado Power company. Glenwood, Col., 18,000 horse power; Great Western Power Compuny. California, 72,000 horsepower; Washington Power Company, Spokane, Wash., 30,000 horsepower; Tennessee Power Company, 20.000 horsepower, and the Appalachian Power Company Virginia, 36,000 horse power. These are Just a few of a great many corporations which extend from Alaska to Porto Rico and from New York to nrltish Columbia, and the figures men tinned above ore merely the Initial In stallations. Since that time a great many of them have doubled their capacity. jib must recent ueveinnmnnta v....... been the Mississippi River Power Com- ai jteonuK. iowa, which has 15 ui iu,uw Horsepower each, and UTILITY IS BANKRUPT Atlantic Qrts nnd Electric Company Files Voluntary Petition. NEW YORK, Sept 29,-The Atlantic Gas and Electric Company filed ft vol untary petition of bankruptcy today In the United State? District Court. Tho company woa Incorporated under the Jaws ot Connecticut In 1912 to acquire control of established gas and electric properties through the purchase of securities of cor porations owning utilities. Tho company controls tho Eastern I'enn Power Company of New Jersey, Easton Gas Work, Intorurban Gas Company, I'enn Utilities Company, Blnghamton Light, Heat and Power Company, Sayro Electric Company, the Jersey Corpora tion and tho Chemung Land Company. WHEAT STRONGER AS MARKET OPENS; RAINS HURT CROP NOTES OF THE RAIL Sales of American Oats Dif ficult at Liverpool Winter Wheat Seeding Shows Favorable Progress. TORT OF PHILADELPHIA SUN AND TIDES. 6:.TJ a.m. Sun sets. . ,.. 0:47 p.m. PHILADELPHIA. 0:50. m. I lllgli water. 10:27 p.m. 4:.11 n.m. I I.ow water . 4:52 p.m tttSKDV ISLAND. ater. :ifl p.m. i:iu p m. imKAKWATEn. HlKh water. 4-.1S am. I Hlfth water. .444 p.m. Low water.. 10:21 a.m. I Low water. .11:01 p.m. Balling Today Htr. Jotph J. rtiheo (Nor.), Aamodt, Port J. A. Sun rises..,. l!lh water. Low water. Hlah watrr. (1:4ft a m. I lllell I low water. .12 4t a m ' Low water. Antonio, cuneo Importing Company. Htr. Aucneni.iae uir. j, aiair, nammore, A bill appropriating $230,000,000 for the acquisition by the Government of com mon carriers of the country was intro duced In tho House yesterday by Con gressman Rupley, of Pennsylvania. Management would be placed under a board of control to consist of three mem bers, serving ten years and Ineligible for reappointment. They would each receive a salary ot $25,000 a year. President M, C. Kennedy, of the Cum berland Valley, will glvo an- outdoor luncheon to railroad officials, lawyers and friends at hla home, "Ragged Edge," Chambersburg, on Saturday. Mr, Ken nedy has been giving these luncheons for years nnd by peculiar coincidence It has never rained on any day they wero given. The Missouri Pacific Railroad hns taken an appeal from the order of the Nebraska Railroad Commission making a reduc tion of 19 per cent. In class rates. The Canadian Pacific now has under construction BOO miles of track, Including second track, ln Western Canada. The 46th annual convention of the Na tional Association of Railway Commis sioners will bo held In Washington, No vember 17. Acordlng to George It. Miner, assist ant general solicitor of the Erie Railroad, the $900,000 car trust equipment of which approval !? asked of tho New York Up- State Public Service Commission Is one of the most favorable that tho road has over been able to project. He says that the certificates, which will be known ns BB will .bear 411 per cent. Interest and Drexel & Co., of this city, havo offered to buy them In their entirety nt !I7 and accrued Interest. RAILROAD EARNINGS MINNEAPOLIS AND ST. LOUIS. 1014. DecreaHA, Third week September.... $2.17.nftt) Jiri.'JM July 1 to September 1 2.11l),471 181,405 CHICAGO GHEAT WESTERN. Third week September.... $1T1.4i2 $11,291 September 1 to 23 1,01V.77 14,V"lil July 1 to September 2.1... n,.V17,7.Vl 141,120 uRut gros il.ion,non 7,n) Net 422.7.1U il.nr.O Two months' gross 2,.1!it."Min 128.R.VI Net Cl3,875 118,812 CINCINNATI. NEW ORLEANS AND TEXAS PACIFIC. Third week September.... $l7l,n.-n $2.-,,fl(W From July 1 2,214,700 03.801 TOLEDO. ST. LOUIS AND WESTERN. Thlra week September $00,8.18 in.13 From July 1 1,007.035 22,187 ALABAMA GREAT SOUTHERN. Thin!" week September JS7.O70 $!),.12 j-rom juiy i i.iaT.'Jis 18,301 CHICAGO AND NORTHWESTERN. Aupruit gross $7,708.87.1 $00, s.-. Net after lux 2,047.428 32,503 Two months' sroaa 15,078,n.-,ii 2(in,571 Net after tax 3,010. I4S 153.2S1 CHICAGO, ST. TAITL. MINNEAPOLIS AND OMAHA. Aiuruat grosii $1,078,017 'JlSl.tOl Net after tax 507,251 at.l.O.lo Two months' uro'a 3,235,RfitS 20S.304 Net after tax 1134.710 338,221 nUFKALO, ROCHESTER AND PITTS-DUIiail. AUCUSt KTOBH $1,040,082 Net after tax 2i3,til9 Two months' i;ros 1,022.13(1 Net after tax 313,304 COLORADO AND SOUTHERN. ClftCAGO, Sept. 29. Wheat was stronger at tho opening today with De cember up ltt cents, at $1.11 to $1.104, and May ! cent higher at $1.17U Bullish sentiment was rampant and of- fcrlngn Wero light. Yesterday's Increase of 8,561,000 bushels to 45,391,000 bushels In tho visible supply npparcntly had been discounted. The trade Is looking for a smaller rim of spring wheat. The re ceipts from northwest today showed a considerable falling off aa compared with a week ago. Arrivals at Minneapolis and Duluth to day woro 877 cars against 933 cars a year ago; at Winnipeg, 1106 cars, against 1337 cars; nt Chicago, S24 cars, against 61 cars. Advices as to the seeding of winter wheat In tho United States showed favorablo progress, although the work has been delayed In some States, par ticularly In Missouri, lo avoid danger of Hessian fly, which will be over after October 1. During the past days the weather over tho Important agricultural districts of Russia has been wet and cold, and this has Interfered with the harvesting of spring crops and delayed preparations for the now crop. Heavy rain continues in France and tho movement of native grain to market thero Is slow. Corn was firmer, but trade limited. Offers were light and country sales small. The closing of the Dardanelles will Inter fere with shipments of corn. Thero was a steadier feeling at Liverpool. The re ceipts here today were 267 pars. Oats were stronger with heavy buying. Argentina Is renewing offers, In Liver pool, where sales of American oats are dlfllcult at present, but the price Is 3d to 4d a bushel over the English quotation. The receipts here today were 727 cira. Leaillni; futures tanged as follows- lestcrtlaj'e Ht, '.Mill Sir. Texas, 8lehelln, Now York, W. r.H.lRar & Co. Sir. Nelson, Erlkon, Pott Arthur, Earn Line Steamship Company. Ktr Bhawmut, Swenson, Mayport, Southern Steamship Compmy. . ... Htr. Grecian, l'axe, llostcn, Merchants and Miners' Transportation Company. Ptr. Ericsson. Willis, llaltlmore, Etlcs'on Line. Hchr. LlKle M. Parsons, Pharpley, Hampton Roads. A. D. cummins A Co Schr, (.'hills Harold. Sweeney. Calais, J. II. Stetson & Co. Steamships to Arrive PASSENOEIt. Name. from. Sailed Monxollan Olapcow Sept. 1(1 Stampalla Naples Sept. 10 .Merlun Liverpool MM. 2., California Cop'nhaeen ...Sept. FREIGHT. City of Durham Calcutta Sept. 1 Zyklyk Rotterdam ....Hept, 13 Start Point London .......Sept, IV Man. Mariner Manchester ...Sept. 10 Adolfo Huelva Sept. 14 Hturmfels ...Calcutta .Sept. CanadlA Stavnnger Sept. in Zerenbergen ..Cardiff ........ Sept. 18 Narvik .....Mlddlenboro ...Sept. in Rapldan Leltli Sept. Ill Missouri ,. London Sept. 22 Dakotan , Hllo Sept. Oreenwlch Newcastle. N. II. Sept. 22 Wlnlatnn St. Vincent. C.V.Pont. 17 Man. Milter Manchester ....Sept. 21 Corrlston Kowey Sept. S3 Eolborg Hartlepool ....Sept. 23 SHIPPERS GET RULES COVERING WAR RISK INSURANCE POLICIES Federal Bureau, Ready to Write Cargo Business, Outlines What Shipments Will Be Underwritten. Steamships to Leave PASSENOER. Name. For. Date. Dominion Liverpool Oct. .1 U n art tin 1 Irt Va lh t a Merlon '.'.'. .'.'.". '..'. '.'.Liverpool". '.'.'.'.'.'.Oct. 10 I the oyage, unlys by special agreement CallfoVnU? ...........Oonenhaecn"::::t:?Jl "Ith th- bu.eau. Time policies are Writ- The federal Bureau of War Risk In surance has completed Its policies cover ing cargo Insurance and is now Issuing them to 8tramshlp8 outward bound for foreign ports. This announcement wm received hcie? today by shipping Interest and exporters generally. Tho bureau I now prepared lo quote rates, Issue poli cies and, In general, perform the dullM for which It was established. In a statement announcing the comple tion of the bureau work, Chief Delanoy, , head of the department, says it will b necessary for persons wanting Insurance to communicate direct with tho bureau at Washington, ulthough. he says, applica tion forms may be had from the colleo tors of customs In the various porta of the United States. Tho bureau will wilte policies either for voyage or for time. Tho voyage poli cies iOVer a specific voyage, the vessl not to r.oll at moro than two ports during H FREIGHT. Uranlenborir Copenhagen ...Sept. Weft I'olnt Ixindon Sept. So C'anailla Chrlstlanla Oct. 3 Leltli Kent. An .Rotterdam Oct. S MnneheNter ... tt. m Start Point London Oct. 10 Missouri ..London Oct. 14 Rapldan Leltli Oct. 1U Ornclana yiuk Man. Mariner PORT OF NEW YORK Vessels Arriving Today Name From Sant' Anna Naples Doikel. . . S A. M 1.11U I. IV, ,.i'a 72 47'i mi, r.2tu $40,(1.-11 CO,34fl !M'J,IKl2 139,003 Wheat Open. Septi mber 1 .OS1.! Deceml'er l.K) May 1.17'i Corn (new delivery) Fepti-mbor 7CJ December fti-i. May 7U'j Oats September 47'4 Decomber 40- May 52,'8 Ijinl September October ().." January 10.15 Ribs September 12.10 October '11.20 January 10.5S rnrk September , January 10.97 19.07 'Did. TAsked. tNom. High. Low. close. I.I II7, 1.10 fLOUV 1.17'i tl.H!- 74'i fill 71 4 m; 4!)i 52H t75; t40T. 4!lt4 02! a 0.73 10.15 12.1.-, 11.20 10.53 .... J0.C3 l).l li.fiS 10.02 110.1214 12.10 11.93 .... '11.10 10.40 10.57 .... 17.23 19.72 19.07 Steamships to Arrive DUE WEDNESDAY. United mates Copenhagen Sept. 17 Etampilta Naples Sept. IS Stenmshlps to Leave Name. For. N. Amsterdam Hotterdam .. New York Liverpool ... Maurctanla Liverpool ... Adriatic Liverpool ... Columbia QIoskow .... Philadelphia Liverpool .. Duca d'Aosta Naples Minnehaha London ..... Espamie Havro Vaderland Liverpool . . . Krlntlanlafjord Ilergen .... Noordam Rotterdam . Napoll Naples Oct. 3anf Anna Marseilles Oct. ten for periods 0f 90 days only. Tho war risk clause In the policy read as follows: ; "louchlnc th adventures and perils which thu insurer In contented to bear and dots take upon himself, they are of men-of-war, letters of martpie and countermarqu. reprisals, takings at ssa. arrests, restrains and detainments o! all Klnifs, I'rlnres and peoples of wont nation, condition or iiuairty KOeer. and all ennstquencea of hostilities or warlike, operations, whether before cr attar devljiatlon of hai ' .nrmrilerl lint to ahnmlnn In ran f b.wknilj anu free from losa artslnir from an attempt to evade blockade, but In the event of blockade to be at liberty to proceed to opan port and theie end the voyage. " 'Warranted not tu abandon In case capture, seizure or detention until after corj- t (iemiiatlon , 'Warranted free from any claim for In terest, loss uf market or ilamage by d- I feneration, but not to delay.' Date. .Sept. 29 .Sept. .".0 .Sept. 30 .Sept. 30 ..Oct. .1 . Oct. :i ..Oct. 3 ..Ort. .". ..Oct. 3 ..Oct. (I . .Oct. 0 Oct. (1 Imludlng arms for their distinctive com- LIVE STOCK QUOTATIONS CHICAGO. September 21). HOGS. Receipts, 10.000: markets. Cc higher: mixed and butch ers, tS.2nff.2.V good heavy, JS.75-S!': rough heavy. $7.15K0.-,, light. IS.SOS'J.IS, pigs tl.l5'8.3; bulk. IS.lsas.ss. CATTLE. Receipts, O.OOI; steady: beeves. $10.4011.0.1: cows and heifers, 7559: stock era and feeders, SU-y 8.10; Toxani, 7.t08S.Su: calv-M. jn..W?ll.W. SHEEP Receipts, 37.000; weak: native and western, $3.2."V8'3.75: lambs, $T,.00g7.7fi. NEW YORK BUTTER AND EGGS NEW receipts. August stoss Not after tax Two months' gross. Net after tax -Increase. $1,1 90. 511 3 10, OS I 2,3iri,0O3 401,19-1 J1R1.123 72.457 2WI.fl S3 1 "0,072 UNION PACIFIC. August cross JS.40S.027 Net ."!,4ll.-,.92(i Two months' gross.... 10.u27.201 Net U,1S2.2S2 NEW YORK, ONTARIO AND WESTERN. 2s.n2n 203,lim 230.81(1 181.023 August cross Nee Surplus Two months' grosa Net Surplus , Increase. 51.000.730 3H1. 0711 233,170 J.ln3,'.'01 723,31.1 4110,730 $4,0.13 5.113 2.H1H U.IIH3 9,415 2,712 YORK. Sept. 29. Butter. Arm! 14,512; packages, creamery, extra. nation earby fancy. ilOQ.'IO'ic.: atate dilry, tubs. 22S2IIC. : imll creamery, firsts. 24fi244c. Eg's firm; receipts, 20,022 boxes; n white, fancy. .15940c.: nearby mixed 2Jtr2Sc; fresh flrsta, 24-S30c. BOARD OF TRADE CAMPAIGN WILMINGTON. Del., Sept. S3. Forty committees of business men. composed of five men each. 200 In all, today began a systematic campaign to increase the membership of the AVIlmlngton Cham ber of Commerce from 430 to at least 1500. FREIGHTS AND CHARTERS Tonnage offers steadily to meet the limited demand for carriers of grain, coal and other full cargoes for transatlantic vovages which keep rates firm In the steam market. Con ditions In tho sail market remain unchanged with business dull and rates low. STEAMSHIPS Prosper III (Nor.), New York to French gSpt.0at' ,C0 quar,e"' P'lvate term." Tariury (Br.)Jaltlmore to French Atlantic ports, oats, 83,000 quarters. 2s. 3d., prompt? M"CRdla B"--;, aul' of Antwerp. grain 25000 quarter?. 2s. 4'id.. prompt. ' Milton (Br ). same, 22,006 quarters, 3s. 0J prompt. ' Abans (Rr) gulf to picked ports. United Kingdom, grain. 2s. d.. prompt. Rlverdale (Ilr.) 2752 tons. Haltlmore to nir Janeiro, coal, 10a October. Mamll.h Hall (Rr.). 2544 tons. Baltimore to Alexandria, enal. 15s., October Ello. CItal I. 220S tons. Baltimore to west coast of Italy, coal, private terms, prompt. Olenfruln (fir.). 2020 ton. Palamos to Baltimore or New York, cork shavings, J7500. prompt. ' SAILING THE MONEY MARKET .... .... Ca"- Time. Philadelphia n n New York o fii II Boston S 0 Chicago 7 T Philadelphia Commercial paper, three to rix months' maturities, 77',j per cent. OS OS PHILADELPHIA MARKETS GRAIN AND FLOUR pany units Retiring directors of the Philadelphia Traction Company wero ro-elected at tho annual meeting of stockholders here today. The Nassau Light and Power Company liMsnw "'and reports gross earnings of lsii' . f0.r Ule S1C months ending June SO. it, ", lncrease ol I".'36' compared n.HAi ' Net earnings for the same uTi.,7..wera mora th,in "me3 th bond cre2.i'.?!?(1 tho eross earnings have In. "eased S7.S per cent, in the last six years. DIVIDENDS DECLARED tDramo?,',.10' Car c?- 1 dividend on Ma. 5 .?;."" """ aiuuenj on com " 9 Tr cent, was paid three months ao. Kr'cfnt Arut, Bink- regular ml-annual 3 El1jmoVr2j;ablB ctober to x 'eo'1' 'ftVc'en? IJ.h,t romrany. a W&' ,?.' Indu, .. .'. tv Per cent, on , -. ...,,.,., XJ l0 ROPED ARENA NOTES Bobb)" Dobbs, at one time one of the bt lightweight colored boxers, has returnid from several v ears' residence tn England, bringing with him a rench colored middleweight. Robinson, unit Jprrv Peitemnn n u'. In dian, who weighs 100 pounds. Dobbs Is managing Robinson and Petterson and wants to match thm against Jack Blackburn or any middleweight Tn the world, while Dobbs hlmceir would like to take on some light weight. "KH" Lewis, the clever English 'scrapper, arrived hero Wednesday from Australia. Lewis Is likely to be matched with Leach ('rots In a ten-round bout in New York shortly o Harry Wlgmore, of this city, and "Charlie" Cull Ins. of I'olunibla, are running semi monthly boxing shows In that town. They have been very successful, but hid a big scare Friday night, when ''Kid" Sheeler. ot Mount Cannel, collapsed In the ring. "Willie" Rltchey, who lost his title of lightweight champion to "Freddy" Welsh. Is credited with being the richest boxer In the world today. One hundred and twenty tliuujand dollars l named aa the slxe of RltL'hle'a furtune. and It has all hen ma,. since ThanktKlvlng Day. 1012, when he won ult'lt, tlllA In.m "k.l1 1lnn.. which Is the largest plant of Its kind In urn worm, nnu tno ueuar Haplds. Manu- lactunng ana Power Company at Mon treal, which has nine units capable of delivering 10.S00 horsepower each, which is the largest turbine In tho world, this company being the greatest development of Its kind In Canada. TURDINES AP.E BUILT HERB. As a matter of Information It may be stated that 80 per cent, of the Impor tant turbines Installed by tho various companies on this continent were con structed by the I. p. Morris Company, which Is the department of Cramps that constructs this form of machinery. Philadelphia capitalists were among the first to recognize tills field of activity us a probable use on funds. nn,i irhm. the companies In which Phladelphlana aro Interested aro as well known, If not better, than any of the others. Their efforts have been usually confined to the environs of our own country, where the possibilities are almost unlimited. Meanwhile, the Investor Is becoming more and more familiar with this form of security, and the hankers managing the properties experience very little dlf Hculty In disposing of their wares, William Cramp, if he could como back to ths mundane sphere now, with the greater part of Europe engaged In bloody j mi", nuum no auuot juuy expect to find the great plant which bean his name WHEAT. Receipts. 130,812 buh. Market firm, nnd lc. higher under stronger vvestu , ouyii.es, uno. a rair export demand. Car lotn. i" ,S.1LP?r.t. elevator. No. 2 red. spot and Sept. M.09S1.M; No. 2 red, western. 11.180I.IS: So. 1 northern Duluth, '1 10OL24 CORN. Receipts. 5000 bush Dull anil again 'ic lower under general pressure to sell. Car lota for local trade, as to location, SOc" 'IIow' SiHJSflHc.: steamer yellow. t.5jt OATS. Receipts. 01.060 bush Quiet with moderate but ample ufferlngs at the lato .le SW"!!..50'..2 w,'lle. Blii.Mo. standard white. on,V8.,U. No. 3 white, S.13S.V. n.OUIL Receipts, 2421 bbls , 1.083,200 lbs. In sacks. Trade a little more active, and prices firm In sympathy with whut. Per 1U0 lbs. In wood Winter clear, $1 COSi.-t.S5; ito straight, SJ.U06ifi.!n; do., patent. $5.25H3.00. Kansas, straight. Jute sacks. (3.205.50; do., patent. Jute sacks, J5.30dt3.75; spring, tlrit clear. L75S5: do., straight. 15.10ift5.i0; do. patent, sr,.nilct,.b.1; do, favorite brands, HUf 11.25; city mills, choice and fancy patent, U4 tl.23: city mills, regular grades, winter, clear. SI.OOdfl.HS: do., stratght. M.00a5.15; do. patent. 5.23if5 Oil. ' ItYK KI.Ol H. Quiet, but steady, at J5 05.30 for nearby and Western In vvoo.1. 5 ,bs- J'.Z ,Inz J2-25H2 40: rto . do . 7 lbs. ner dox, il.752. do., do., tigim, Ibst per do . ?12'tjl50; dark and No. 2, 50c It 10. VEGETABLES Potatoes In better request and values well sustained. Other vegetables showed little change. White pbtatoes. per bush. Pennsyl vania. BMI.ic ; New York, .Wu65c. White potatoes. Jersi'v, per basket. 33ft In.- s., potatoes. EaHtrm fhore. per bb -No l It 73 I t-'.35: No. 2. 7.V.s5$l. Sweet imtatues, 'North 1 Carolina, per bid --.No. 1, il 7.Mr2. No. 2 75c ill SI Sweets. Jereev. ner bbl sv. 1 n I rfSiJ0, H, V'"Bl 7'"' a? ' "ersey. Per basket. I 45y53c. Or.lons. per bush , 4vgnnc do j choice, per lW-lb bag, i. do., medium, per iw'iw. inn. iuuvw. iauuuge. uomestlc per ton, J12Ui:i. Celery, New York, per bunch 10tf30c. Mushrooms, per 4-lb. basket, SOc.w 5l.ciO. VESSELS Ship Saa iltal.), New York to Copen hagen, refined potnoleum. private terms. Sch. Kenwood. 707 tons, Brldgewater. N. S.. to Havana, lumber, private terms, prompt. MANY VISITORS COMING Many Out-of-town Horses Will Feature Whitemarsh Meet. Many out-of-town entries aro being re ceived for the eleventh annual rac meet ing of the Whltcmarxh Pnnntri Pl, tn ' he hfld next Saturday at Whitemarsh. nnu the prospects for a successful meeting doks. parts of docks and their component mis year are brighter than ever. Included among the visiting stables will be those of Thomas Wright, Miss Colgate Cherbonnler and Charles K. Harrison, of Baltimore, and also Philip Stevenson, Charles Cramer and Mrs. Joseph Mar quette, of New Tork. Philadelphia will be represented by A. J. A. Devereaux, Victor Mather. Captain K. B. Cassatt, J. G. Lelper. Archibald Barklle, George Brooke. 3d. .Nathaniel Ewing and Clement Williams. Arma of all kinds. sporting purposes anil ponent parts. I Projectiles, charge, and cartridges of all kinds, and their distinctive component parts. ! Powder and explosives especially prepared ' for use ln war. film mnitnllna. Ilmha. t.Ava l,mY .,,. "- -.........-, ,....w.. i,u..o. itHiueia. mili tary wagons, field forges, and their distinctly component parts. Clothing and equipment of a distinctively mllltarj character. All kinds of harness of a distinctively mili tary character. Saddle, draught and pack animals suitable for use In war. Articles of camp equipment and their dis tinctive component parts. Armor plates. Warshipr. Including boats and their dis tinctive, component parts or such a nature that they can only be used on a vessel of war. Aeroplanes, airships, balloons and air craft of all kinds and their component parts, to gether with accessories and articles rmar. I r.lxable as Intended for use In connection with oononrvs ana air crart Implements and apparatus designed exclu sively for the manufacture of munitions of war and for the manufacture or repair of trmt, or war material for use on land and sea, SHIPMENTS TO BELLIGERENTS. The following articles will not be In sured If destined for the u&e of the armed forces or of a Government department of a belligerent State, or are consigned to a contractor established ln a belliger ent country who. as a matter of common knowledge, supplies articles of this kind tn a belligerent State, or are consigned to a fortified place belonging to a bellig erent or other place serving as a bae for the armed force of a belligerent: Foodstuffs. Forare and grain suitable for feedlnr and miN. Clothing, fabrics for clothing and hoots nd shoes suitable for use in war. Gold and sliver In coin or bullion; prr money. Vehicles of all kinds available for use In war and tLelr component parts. J, " na Doat r sji Kinds; floating; pr- parts. Railway material, both fixed and rolling atock, and material for telegraphs, vlrelcaa telegraphs and telephones. Fuel, lubricants. Powder and explosive not specially pared for use In war Harbed wire and Implements for flxinr cutting same Hits nl.oes and shoeing materials, Harness and saddlery. Field glasaee, telescopes, chronometers ajtal al! kinds nf nautical Instruments. PROVISIONS Western beef, DAIRY PRODUCTS Quiet and without Important change city beef. In sets, sinuked and alr-dril. aioaiiR in sees. smoReil. Jlu-'e. : keri jn.l air-dried, .ISU.Itc. . Western beef, knuckle- nn.i tlCvai. -----rff t''v ' sesnieji jt r LUrt?il ooec. 15t..iil6Vi.. do skinned, loose ISUti .IL?.: do. smnke.1 iwiyi.t,. -I.--' .l''"r f,.H Vi,. ....V..V"..'.."'! ' .'. "'"" nams. the llghlu quarterly stock of !. Industrial Alcohol Company per cent, on preferre 1. stock of record October V BAlfK CLEARINGS 3rk naKk, Mhiu'"r" JZI3.B-M, ttuiiii ,p H1-?.ko V.JOB.SU) 101ft llll'l 027 J.12S.72I.SA0 IJl'1.1 W.Otll 41.uit,irc4 .-vl.U9l.ll.il 27,81,010 38,K)2,0il "Jack" W'aldrcn the National title from "Ad" Wolgatt, formerly Trenton's best lightweight, . was an Interested siectator at of the Capjtol Iiulldtng In Trenton, iUb Saturday Illzht. U'fll,lrnn now occupies the post of assistant custodian An Innovation suggested by a representa tive of the Kvkmmi Lxixiga was tried out successfully at the National Club Saturday night It we the blowing of a whistle tui nounclng that the round was within tn sec ends uf Its termination. When Timekeeper Phil lurr rlrst 1 lew the whistle many of the spei tators thuught it was a police signal of some sort and looked for a commotion ln Ike audiemc. It worked much better than the old-time laea of pounding on the floor, which ha heretofore been the manner In which the second of the boxer have been notifled of the ncir termination ot the round. I'HKKSK Trade quiet, but val held under moderate offering. run-cream, choice. lt!i,tfltc . do., do . fair to buuu, iJToire:., uo . pan SKims. tHTHc. Ill'TTKIt. Oullt but stearlv nnrt.p mn.l.r. ate offerings, etern fresh. SoliJ-nttl;ked. craamen, fancy, specials. .Tic. extra. JU , extra tlrsts. 30c , firsts, S4v,ttS(Ui . secon Ik iWS74c; ladle-packed 81I3c. as to uualltv '. nearby prints, fancy, 34c. do. average extra. iWtjMc.: Aa.. firsts, iSiS.ilc . do., seconds. i!7u' 2c. Special fancy brands of prints Jobbing EOGN. Fine fresh eggs In good request and kept well cleaned up at steady prices. In free coses, nearby extras. 31c. per dox.. near by firsts, fcil 40 per standard case, nearby current receipts JT 20SI-7 10 per standard case: Western extra firsts, IH 40 per case do firsts busily and exclusively engaged Tin Tike I ?.r 'case00 nd ' .S3 ' reSatell' f fl'.iS building of ships of war. What would ' wr lobbed out at S.vgtITc. per dot., as to 4 uaitii POULTRY Fowls. 15t17c . old rosters. littltc spring chickens, according to iiuallti list ITc duck. Ui 15c; guineas, per "pair" joung." weghlng ' lbs. and over apiece. TOc . .to westing IVittlf. lbs. apiece. oOfttlSc ; do. pVr' ll'ittlSr'' 50C- 1J' 60c' V' , KSHKI POri.TUY.-KIn desirable slxed stock pretty well cleaned up at full fit,u".' '"h-"1"? poultrv Fowls per lb selected, heavy. Jllic: weighing 4u,5 lbs apleie. luy.c . .weighing 4 lb. aplc" sic welghliu it. lb apiece. lT<.- . 'iV'th.".'! city beef, knuckles and tenders, smoked I alr-drled, .'I2it;i4c. . Western beef, knuckles a under, smoked. IKfjaic. beef hams. 14034 pork, family, JJit'rf'.'T. hams. S. p cure loose, lSljijiaVt'.. lo skinned. loose lav Ilk;.: do. smoke.1. lvitino !,- ?.! PC Bmoked. cil cured, as tu brand and averai!.' 13 IStjUic.. hams, smoked Western cured 15 ues steadily I Igc .do., boiled, toneless. SSH-.tie.. picnic New Virk. 1 shoulders, 8 I-. cure 1. looc lifllSlic. uo smoked. I it; II In., bellies smoked. 141H,c. bellies In Pickle, accordlna to average, loose. liiV,t7c . breakfast bacon ', . . . '"" Ji''- c'l curej 2ftilc ! breakfast bacon. Western cure i. 2lft23c lard WAilnm rofln.f la..A . i ,-.i . - isra. A t ,1, 1 ilnnV."",' "''" ... m .. 1" ,.ni.:i'in vc:;:;,. s.'.t. ,ur; Cl kettle rendered, in tubs. lHjtfl4c. Wisconsin Crew Disbands MADISON. Wis.. Sept. -.-Participation In Intercollegtute rowini- contests by Uni versity of Wlhconsln crew was ordered dlsronf Initp.l veslr,l na Aa..i s 1 w, " m-' " iomiv ui mii j inver Intestlgntlon by tho medical faculty. I yev snowing mat a large number of crew candidates had developed hyperatrophled hearts. Twenty-elght of 56 freshmen and 10 of S3 "W" men showed this condition. R0EBLING WINS TOSS First Game of Series With Media te Be Played in Jersey. Tho Media Club, champions of th Dela ware County League, will play a post Interleague nerles with Itoebllng, the wln- I ners of tho pennant ln the Delaware. League, for the championship of Jersey and eastern Pennsylvania. The grimes are scheduled to take plao on October 3 and 10, and In cas of a tie, a third game will be played on a neu tral field. Hy the toss of a. coin. It wan decided that the opening contest will s to Hobbling. These players w"TH be found In the line up of thei two clubs: Media Turner. California Horses Do Well TRRNTON. Sept. -The feature ot the opening day's racing at the Trenton I fttrls. Ogden. Hart. Touchstone. Keeler. Fair yesterday was the rerformanci-s of Bettger, Kearney, Barr, Morgan. Smed. were driven to easv hJ'S ?. SlBUKhtwr. Koulks. Qulnn. McDonnell. clever riding of f'happell. one of thu best 1 5,',,R'er I5-hnr. l.each, Connolly. Kemre kettle ;ure city. be his surprise to tlnd that the activities of the plant were largely engaged In the construction of mlghtv entrine- of n-u.. and Industry? And while tho apostles uf conservation are busy urging the passing of laws to restrict the use of our natural resources. It Is interesting to note that Canada, which ha been Jealous to guard and foster Its Infant industries, was quick to perceive the opportunity offered and perhaps as a result Is a bit In advance of us in this particular Industry of de veloping water power. Needless to stato It would ba far better to have our reiourcea developed along In telligent lines, wheie the risk U borne by tut promoter and Investor, than to allow power which has a might behind It which no man can gauge to 11 dormant at our very dqor. I BROKER. SUGAR The market quiet at former rates Siamlar.1 granulated ilscV.. fine granulated. tU5.! PO.vdere-1 H.hS. . coiiI.-ctl.innr' A, 0 15c soft grades, 5 !l8il &ov. ' """ FRESH FRUITS ana unoer apiece. 16c . eU r.,rrJ "i... lbs. picked ode V;M c vimus cnicseus. nearby. -""in ,T.- apiece, i'tHfi'Jc . d0. fair 10 i a lfclN. . chickens. Western 4 lb and MVer atjieie 111. ,i.T i "..' ..? .'!'' apiece. 14c. . broiling chickens. W,,.rn' r.'iirr " nic. do. fair to iood 11 lCX aft'&.'SSetia; &fiV waVt.: !.i lis In fair request and generally steady tprtes rf.,tbl -aantln. l 5062 S5 UIusl 11 -oj H.V.V other good eating varieties. U sV's a- ' medium, t lift 60 Apples, Delaware und ipVim- i iiox, e-,ai Plncauiilc-i n- ... i,... ..a on the fair circuit. ly. "Pete" Wood, Martin Heavener and C. Chance. V "'II " riurna lt)f n. cranberries c'ape Cou. JSarly ttku-k Vr lu . "$"$ do., do. per uvtte il.-2. CTanberrtes Jerl lfl 'hIiuVJ1"" "'"' l"826 llPht8: Jtw l. Huckleberries per qt . 4c. i'eacheT Mrgln'H. per :i-b tasket. i1J6.)c djjtf' per crate. 75cl 21. do. iVelawarsT Jn.i i.vl' tond. per basket. SftJHSc .' do cr tV 75c l .SO Peaches. Penns Ivan a. per blsk't vefiest'ir.- w Ji! bbl budi concord tier k lh 4-lb basket iittluc SulOc . Delawares. "ii. voncviM, per Per 8-lt. basket. 208' per t'r laars l-urtlelt or Seokel. """ii ll (a linwi v v I. basket UftilSc do lvr Niagara, ivp 4. it. r,..st.ui per 4 lb basket 12411 v! crate tftsicv. r...M. ,.0., - --w""v . IHIHI, ywwc iantaioup. i'oIo. au. usr cra.ii, xi4i "u .- 'i ;:- ghiajf Watertneleu. Jersey,' per 1, " Injured Footballer Recovering CARUSI.E. Pa.. .Sept. -Pevrrly UKr. ratt, a member of the Western Maryland cloven, who wo injured here In Sat urday's game, was taken to his home In lalrmont. W. Va.. today by hla t-oach. John l-'eiten. tlarratt suffered a concussion ot the bmin about & jrar ago, and It U thought that h3 Injury of Saturday aggravated the old ailment. Soccer League Moguls to Meet A meeting of the Philadelphia League will be held tonight In order to ariange the soccer schedule fur th f,,, .1,. .,!., season The organization has been greatly strengthened by the addition of I the Keystone team, champion .if the """'"i -.eiiKua last tar. Iianun vvho vyon the Philadephla Iue pnC nant during the last campaign, will ta represented again this season. LEFTY TYLER BUYS FARM ,h,'viT?NSv!I,t -t-l-erty Tvler. Jne 0f the bt pitcher on the Boston Hrave' jtaff. Das purchaned a K4)-acre dairy .w iii i.m suuuroj of tills cits The iiy,-.rr,.w7i-!! ..!!! intention w. ...-..-,..., lllv iiievvv wnen hi dav UlUlfll nAAU rt-. K .1, . -J -..- . tllv uuimona were over -.' .w""0 Pi to spend hi winter mvuu uu ine lartn. ft Dundee to Fjght Beecher Again UOS ANQKI.BS. Sept. 29 -Another match between Johnn) Dundee and Willi Beecher. both from Nuw York, will likely b ntnsed. following their IV-round tfraw last night Tho light was fast and furi ous frum the start. For tint first Un rounds punduo piled up a big advantage by Jabbing Ileeiher at will, but after th tenth round Dundee stepped in and th two lads began to iug. to to to Tiii attempt on Dundee part soon tlrtd httu, and after the Uth round He ether becam the aggreir evening up the advanta tho latn-r gained In the earlier round. DIVIDEND. I.KIIU.II I h.,iI;K. '4KOAI COM PAN blla.Jiphla September 18. 114 n. Jo"i or nireetors of the Iblgk J all. It.llr.iad '..inpan, have this day d. elsre.1 . .4uart,rl dividend of twu ,u en. lalf per lent ier II Ji p.r ,ht) ln"l t....i.. nu k 10 sto. uno der of raearil lelltrnihrr Jfl 1111. .. ., . "'" '??'. 1814: and he ;'i'"i"i"c v, isiti ana a quarterly ttltl. "n J""1 S' iHO ""4 - per Veal. "or " ! f',b"' "' " -rnuoo sto.k to slock. Of holders ..f re ..rd Kepteinber , 19lj IVfi r oble Onober 19. Iwl4 ' " Checks will be mailed J 11 BAXTER, Trsssurtr. BBBBBBBBBBHsBMBlMiiisiitsBMMSsBttBftMB m Kpi'.4 ' jlA--. te-g. -JL- .-. . .i ,, rv . . .BS.. mmmmmKggg3ifKs,...Li COXTP.ABA.VD ARTICLES. The buteau announces the following; articles contraband of war which will not be insured: 1 11 v f rfijAMs 4-t-w .fcSsa il:ftS.;SJ fTkf-r. aa , AtftrSSftt