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EVENING LEDGER-PHILADELPHIA, WEDNESDAY, SEPEMBEB 30, 1914.
i
13
FINANCIAL AND COMMERCIAL SITUATION AT HOME AND ABROAD-MARKET REPORTS
BROKERS REPORT
BETTER DEMAND FOR
SHORT TERM MOTES
Investors Are in Market for
One-year Maturities.
Railroad Equipments of
Long Duration Active.
Tho special committee of tho Philadel
phia Stock Exchange today ruled that,
until further notice, members of tho ox
clinngo, who desire to Issuo descriptive
circulars covering offerlnfrs of securities
In which they are Interested may do so,
provided they flrst submit n copy of the
proposed circular to the committee for Its
approval. In Now York Investment bank
ers are Working along similar lines. The
circular plan follows a general recognition
by financial Interests of the general Im
provident which has recently mudo Itself
manifest.
Houses here are reporting an actlvo de
mand for notes having short term ma
turities:'' Those maturing In a year or
under are especially being sought. Short
term equipment notes are In brisk de
mand at attractive figures. There has
been a decided demand for tho longer
maturities of such hlgh-grado equipment
trust as Baltimore and Ohio, Southern
Pacific, Norfolk and Western and Penn
sylvania general freight equipments,
There appears to bo not enough high
grade, securities of attractive yield to
meet requirements of Individual In.
vestors.. Many of tho latter who have
sought eagerly, but unsuccessfully, to
Bet hold of the Now York City notes are
In the market for offerings equally as
good, and they aro finding a hard tltno
locating the sort of Investment they
want.
It became known today that the New
York banks which had underwritten 50
per cent, of the noto Issue of $100,000,000,
and had agreed among themselves to
hold the securities until March of next
year, 'had been released from their
agreement utid are now letting tho notes
get gradually Into tho market. This de
cision was clue, undoubtedly, to the
recent advances In prices for tho notes.
It was figured that this Is the opportune
time for release of the offerings and
that better prices enn now ho obtained
than would be possible five months
hence, The market, therefore, has wit
nessed n .Might recession In price, be
cause, or tne increnned offerings.
T '(.. ...- .
in iuh ui i cpi-iiiuu requests
LOCAL BANK CLEARINGS
September Total Smallest for Any
Month In Four Years.
Clearings of the batiks In this city In
September were tho smallest of any month
In the last four years, amounting to $5fi0,
88S,CI6, a decrease of $03,275,932, ob com
pared with the same month last year, or
more than 10 per cent.
Tho decrease In September was tho larg
est of any month this year, although the
clearings each month since April have
been below corresponding months of last
year.
Clearings for the lnat two years com
pare as follows:
. . inn. lnl.l.
Jnr.unry 7n2,:t:m.nit J70o.45.-,,T7.1
February . ., Oin.2IS.Rll iHi,873,M72
Ainreh B;o,7."n,2r. ns7,2ii5,Mx
AMU 720,02.1,278 T0.1,C2I,KI8
aj' - nsi,nn.i,Ti7 7.ii,ai2,M9
JP0 TM.OraMMn 740,021,410
J"' 707,(114,(12.1 708,.VI5,07r.
AUglMt r,77,n.'fl,7.TO m.1,OIO,.1ft2
September 600,838,0 10 (!.M,irU,rs78
t'ctober 7R2,7BS,S(Vl
November 070.705,421
Dfcember 77D,00.",221
COMMISSION GIVES
ITSAPPROVALTO
NEW MILEAGE RATES
Increase From 2 to 2J Cents
a Mile Will Become Effec
tive Tomorrow Rush for
Old Books.
Broilers, dealing in mining stocks the lo
cnl cqmmlttee of five, which hns been su
pervising sales among Kxchange mem
bers, ,hns agreed that It will not require
orderg. In mining stocks selling nt not
more .than $3 n sham to be filed with It.
This ruling Is similar to the one made
recently by the New York Stock Kx
change Committee nnd means that here
after freer trading will bo permitted In
unlisted securities selling at or under $3
n share, with tho stipulation, however,
that no open market shall be permitted
nnd that there shall be no shouting of
bids nnd offers. This greater leeway Is
expected to creato a more nctlve nnd sat
Isfnctnry market for mining stocks.
There- has recently bi-on considerable
trndlrtg In the oil slocks on the New
York' curb. This caused the New York
Stock rCxchnnge to prohibit Its members
from participating In this trading. Tho
special committee appealed to the Now
York Curb Committee to co-operate, with
n view to having all transactions made
nubject to approval, and the result has
been tho working out of an amicable ar
rangement whereby curb dealers will still
have their transactions nmdo subject to
the supervision of the Exchange Com
mittee". '
Today was unusually nctlve in the local
niurket,- brokers reporting a much belter
Inquiry for both stocks and bonds. Cus
tomers nro beginning to visit the various
olliccs and make inquiries concerning
good Investments. Philadelphia Kle'otric
sti-ck was In good demand nt 21, and thero
ware mure bids than offerings at this
figure. Pennsylvania sold fairly well at
51. Steel sold, at 50V
In New York brokers are quoting PS
for Baltimore .ami Ohio I'is, duo 1015; H7'
for General liubber 41,3s, duo 1913- W for
International Harvester " . due 1913. miiiI
to for, Amalgamated Cupper b, duo next
March, '
Tho Interstate Commerce Commission,
not having notified tho Pennsylvania
Railroad and tho Philadelphia and Read
ing Railway Company of any suspension
of the proposed mllcago book rate ad
vances, tho new rates will automatically
become effective tomorrow. The Commis
sion has given Its "tacit approval" to the
proposed Increases, but later it may direct
a general Inquiry to determine tho causes.
Ticket ngents here nro busy trying to
meet the unusually large demands of the
traveling public for existing mileage
books, which nro being sold today on tho
basis of two cents a mile. At both the
Pennsylvania and Rending offices It wns
announced thnt tho day's sales were tho
largest for any single day In the history
of tho roads.
Tho Increases will boost tho mllcago
book rate from 2 to 2U cents a mile, and
will nlttct all of the railroads cast of
Pittsburgh and nortli of the Potomac
River. In other words, travelers who now
got 1000-mile books for $20 will have to pay,
tomorrow, $22.G0 for the same book. The
rato for the 1000-mile interchangeable
book, which Is now $25, with a return of
$3 upon presentation of the book cover
after the mileage has been used, will to-
from ' 'norrow be $23, with a rebate of only $2.50
CHICAGO WHEAT
MARKED BY MUCH
WEAKNESS TODAY
Cash Article in All Outside
Markets Materially Lower.
Selling Pressure Outweighs
New Investment.
FINANCIAL BRIEFS
I
Samuel Rea, president of the Pennsyl
vania Railroad, will not resign as a
director of the Now York. New Haven
and Hartford Railroad. This statement
wns inndo by olllcialx of the Pennsyl
vania Railroad today. OHielals said
that some ono had to look after the
Interests of tho Pennsylvania In tho Now
Haven, and for this reason Mr. Rea
would not resign. Tho resignation of four
directors of the New Haven at a special
meeting of the board yesterday raised
the belief that Mr. Rea might take sim
ilar action.
The third annual convention of tho In
Tftment Rankers' Association or America
has heeii called to convene In this city
on November 12 and 13. Headquarters
will be at tho Heliovuc-Strntford. Ocorgo
W. Kcndrick. 3d, of this city. Is chairman
of the convention committee.
During the month of August tho total
production of the Qoldlicld Consolidated
Mines Company and the Goldtleld Con
iolldnted Milling ami Transportation Corn
pany was 27,211 tons, from which resulted
a net realization of J12S,J3.
Topapah ore shipments lant week were
HUW tons, with ar. estimated value of
1220,170.
Announcement was made today by
President W. J. Drawn, of tho .Maryland
and Pennsylvania Railroad, that tho
company will not meet coupons duo
October 1 on the Income bonds. There
are about IWO.uOO of the issuo outstand
ing1. Operation of th mil mill nt 11, .. M-, r...
land Steel Company, at Sparrow's Point,
was resumed today after a shut-down
of six weeks.
11 ore was withdrawn fiom tho New
1 oris Subtreasury $36,000 gold coin for
shipment to I.undon and 'J7.800 for ship
ment to Canada.
upon return of book.
The railroads have not yet made appll
ratlon to tho commission for permission
to Incrense their single trip passenger
rates. Such a request had been planned,
but the officials of the Eastern lines ap
parently figured that It would be more
consistent to r.walt the commission's ac
tion on tho proposed 5 per cent, freight
rato advances. A rehearing has been
granted the roads In this application. It
will be held October 19 at Washington.
It is the general feeling In railroad cir
cles that tho commission will see the
necessity for nt least part of the proposed
rate advances and thnt It will permit tho
enforcement of Increased tariffs. In that
event, If the Increases to be granted shall
bo In the neighborhood fo the 3 per cent,
nsked for, there will probably be dropped
the plan to boost revenue Income by
higher passenger farc3.
PORT OF PHILADELPHIA
RUN AND TIDES.
Sun rises.... 5:4.', n. 111. t Sun sets 0:40 p.m.
I'ltlLADIlT.PHIA.
HiBh water.10:.v a.m. I High water. 11:10 p.m.
Low vv.tter.. r:2ftn.m. Low water.. 3:41) p.m.
HK10DY ISLAND.
Mich water. 7:11 n.m. I lllch water. R:0S n.m.
Low water.. 1:41a.m. I Low water.. 2:07 p.m.
nKKAKWATKR.
Hlrili water. .",:::u u.m. I Hlgli water. .1:40 p.m.
Low water. .11:22 n. in. I Low vvuter. .11:31 p.m.
Vessels Arriving1 Today
Str. Ptnrt Point (Ilr.), London, merchandise,
Cliarle M. Taylor's Sons.
.Str. Jopepli ill Ulorglo (Nor.), Poit Antonio,
fruit, Atlantic Krult Company.
Htr. Molina (Nor.), I'ort de Palx, logwood,
ClalU-y, Davis & Co.
Sir. Pawnee, Wen, New York, merchandise,
Clycio Line
Schr. Ilrln.i 1. Pendleton, New York, bal
last, A. D. Cummins & Co.
Steamships to Arrive
PASSKNOKIt.
Name. I'roui.
Mongolian Glasgow ..
btampalla Naples ....
ilcrlon Liverpool ..
California Copenhagen
PUEIGUT.
ritv of Durham Calcutta ..
ZyUlylt Hottonlam
Mun. Mariner Manchester
CHICAGO, Sept. 30. Much weakness
was shown In wheat today, Tho cash
article In all outside markets ranged ma
terially lower, nnd there was not enough
new Investment call here to offset tho
effect of selling pressure from cash and
shipping Interests. There was private
wire absorption of wheat on soft spots.
Cash sales totaled 233,fXX bushels. In
terior receipts of wheat were 2,8SG,o0O
bushels. Seaboard clearances of flour
wero 71,000 barrels, and wheat, 1,030,000
bushels. Futures closed ?i to 2V4 cents
lower.
Liquidation of tho tall-end sort was
tho factor In corn. Values again de
clined materially. Cash was down 2 to
3 cents here. Buying at tho dccllno was
of the solid sort. There was a consid
erable Increase In tho volumo of specu
lative trade. Cash sales were 125,000
bushels. Interior receipts were 335,000
bushels. Futures closed '. to 2,4 cents
lower.
Thero wns n. largo trade In oats, and
prices were much lower. Thero was a
great deal of liquidation by longs, somo
selling here for tho Northwest and not
enough speculative demand to sustain
values. Interior receipts were 1,745,000
bushels, Clearances from the seaboard
wero 006,000 bushels. Cash sales wero
785,000 bushels. Futures closed 14 cents
lower to 1'4 cents higher.
Provisions ranged higher on buying
presumably for largo local packers and
speculators. Trade was largo In lard.
Leading futures ranged n follows:
Yesterday's
cioso.
l.diili
1.09
1.105i
.1
70 1,
Ixw,
l.OI
Close.
1.04
Wh-nt Open. High.
Sentembcr .. 1.0.11 1.0.W
December .. l.OSli 1.08, 1.0711 I.omW
May l.l.vjj 1.16 X.1S 1.T7
oni uicw ueiiveryj
li
7f,
51
September
i-ecemDer
May ....
Oats
September
December
May
Lurd
September
October ..
January ,
l'.tDS
September ..12.10
October ....11.07
January ..10.40
Pork,
September .U7..-.0
January ...ltuio
Itld. tAuked.
7.1U
70S
4.-.U
31U
71
trr
i!4
44U
Hi
71
T70iJ
431,4
tIS
50T4
73V4
t70
o.no tn.r,2
11.02 11.02
0.1)3 tio.10
12.23
11.23
10.47
0.(10 10.02
0.32 IMK
(1.05 1 10.11
43Ji
01
to.r.3
U.BT.
U.U7
12.10 12.23 12.10
11.03 11.23 tll.1T
10.40 tl0.47 '10.41)
17.00
1U.S7
17.20
10.07
17.20 t".0
Ill.b2 10.07
RAILROAD EARNINGS
Photo by Kvans Studir.
WILLIAM A. LAW
Vice president of the First National
Bank, of this city, who is expected to
be elected president of the American
Bankers' Association at its forthcom
ing annual meeting in Richmond, Va.,
beginning October 12. Mr. Law is
now first vice president of the associa
tion and it is customary each year to
name the occupant of this office to
succeed the retiring president.
NEW HAVEN PROBE
FORCES RESIGNATION
OF FOUR DIRECTORS
Board Accepts Retirement of
William Rockefeller and
Others as Mellen Retakes
Witness Stand.
Adolfo
Hturmfela ,,,
Canailla ....
Zerenbergen
Narvik
Itapldan ,..,
Missouri ....
Dal. man ....
Greenwich .,
Winlntnn ...
Man. Miller
CorrUtoii ,..,
Solburg
...Huelvn
Calcutta ,,
Ft.nnnser ,
Cardiff ....
Mlddlesbom
Lelth
London ...
...Hlln
, .N"iwontle..S'.H.Sept. 22
1 St. Vincent, c.V.Sept. 17
Manchester ....Sept. 24
Fowey Sept. 2.1
Hartlepool ....Sept. 25
Failed
....Sept. 10
....Sept. 18
...ept. -
...Sept.
...Sept. t
...Sept. 13
...Sect. 10
....Sept. 14
...Sept.
...Kept. 13
...Sept. IN
...Sept. lb
...Sept. l!i
...Sent. "
Sept.
kp.il:
1014. Decrease.
August gross ?3,4KS.7I'(1 $1I,"2.2!U
Oreratlng Income 1,300.127 131,01!)
Two months to Aug. .'II
Oross rovenue J10,no!,:i47 $2RO,000
Operating Income S,TSS,O0U .11,800
NEW YORK, SUSQUEHANNA & WESTERN
August cross $.115,071 520,1:10
Operating Income 70, 138 "15,137
Two months to AUff. .11
dross revenue $004,701 $22,781
Operating Income 142,217 '11,330
PHILADELPHIA AND READING
August gross J4,12I)1II3 $:!Ot),711
Net 1,230,123 80,341
From July 1
Orosi I7.n."i,in3 jnnn.ii!)
Net 2..10.1.727 2U0.211
ALAUAMA GREAT SOUTHERN
Third week September.. $87,070
July 1-September 21.... Ll.17.2iri
MOHILi: AND OHIO
August gross $1,(1.11,442
Net after taxes ISI.ixji
Two months' cross 2,11.1, OIS
Net after taxes 411,r,fll
SOUTHERN RAILWAY
August grosB $3,083,013
Net after taxes 1,HI3,1.V1
Two months' gross 11. It'Xl, lin
Net after taxes 2,274,024
CANADIAN PACIFIC
August gro J!t,0l7,7C3
Net n.rio.i.iss
Two months' gross 201!i!,7.i7
Net 7,141,004
ILLINOIS CENTRAL
August gross $.1,SI.-,,:I31 $5,;7.121
Net after taxes 1,200,2111 litil SO.,
Two months' gross 11,211,17.1 11,030 (C!i
Net after taxes 1,1100,003 1,700 "S3
DELAWARE AND HUDSON
July gross $l,!t7.2!ll $2,073,17S
Net after taxes Offli.WS 731, fits
NEW YORK. ONTARIO AND WESTERN
August gross Jl.iflO,7;:o $'.i!iil,il77
Net after taxes..., .101,0711 .130,501;
Two months' grosi l.!Hn,2!il 2,001,071
Net after taxes 72.1.515 714,110
Increase.
TOLEDO, ST. LOUIS AND WESTERN
Third week September. . $,.)il,81S $11,53
July 1-September 21 :,tti7,015 22.187
$0,512
18..101
$l,f!),SilS
210.!).-,2
2,12S,!I5L'
471, 7SS
$5,737,181
1..1D7.44U
11.270..T.U
2,022,720
III. 1.14. 4IW
.1.001, 140
2:1.427,522
S.077,U2V
NEW YORK, Sept. SO.-Wlth Charles S.
Mellen ngnln on tho stand, the Federal
Grand .lury today proceeded with its
probe into tho nffnlrs of tho New York,
New Haven and Hartford Railroad dur
ing the time Mellen was at the head of
the system. It Is through this Investiga
tion that tho Government expects to ob
tain criminal indictments against members
of the Hoard of Directors, declared to bo
responsible for the looting of the New
Haven.
"William Roolccfcller, one of the most
prominent members of the board; George
P. Baker, Charles F. Brooker and James
S. Elton have now severed their connec
tions with the road. Their resignations
wero tendered and accepted at a meeting
of tho board as Mellen was before the
Grand Jury telling of tho operations of
the system.
There is no doubt thnt the Government
Intends to press the case to the limit.
Mellen refused all comment today, stat
ing the strictest admonitions of secrecy
had been lmpicssed upon hint.
Counsel for the former head of the rail
road system declared Mellen had gained
Immunity from prosecution In connection
with all transactions he had disclosed be
foro tlie Interstate Conimetce Commis
sion. Tin. present Investigation. It Is
therefore understood. Is not directed nt
Mellen, but at other directors the Gov
ernment hopes to reach through the evi
dence that may be furnished by tho for
mer president.
ROAD JURY AWARDS
IN THE NORTHEAST
DISTRICT OF CITY
Kensington and Lehigh Ave
nue Changes of Grade Due
to Abolition of Railroad
Crossings.
In n report filed this month Horace
Ynrdlcy, William 11, Dougherty nnd James
Johnson, viewers, awarded damages
caUHP-l by the change of gr.ado In the
abolition of grade crossings on line of
tho Philadelphia and Rending Railway
Company, Richmond Branch, as affecting
tlio following streets:
Kensington avenue, between Harold and
Boudlnot streets; Lehigh avenue, between
Jnspcr and A streets, On K dales and Al
bert streets, between Kensington avenue
nnd Jasper street; Tusculum street, be
tween Kensington avenue nnd Ruth
street, and Potter street, between Lehigh
avenue and Huntingdon street.
Tho change of grade of Kensington ave
nue at Lehigh avenue was approximately
eight feet six Inches on the south side
and ton feet on the north side: the grades
of all Intersecting streets being adjusted
to conform to this groije. It ran out nt
2608 Kensington avenue to the south and
at 2745 Kensington avenue to the north.
DAMAGES CAREFULLY CONSID
ERED. Tho viewers In making awards took
Into consideration that the physical work
was begun during the years 1012 and 1913,
and the delay Incident thereto, also that
In making excavations rock was found
In many Instances and had not been pro
vided for in owner's testimony. This, of
course, doubled tho cost of excavating In
adjusting tho properties to now condi
tions. AWARDS ON KENSINGTON AVENUE
70 properties $201,032.5(1
1 no damage
1 do (tenant's claim).
LEHIGH AVENUE
31 properties S0.4US.00
ALDERT STREET
1 property 50.00
OAKDALE STREET
8 properties 2,033.00
2 no damage.
TUSCULUM STREET
18 properties 11,115.00
POTTER STREET
11 properties 4,020.00
1 no damage.
One hundred and fifty-six properties
were considered, and the total award
was $271,1)71,50. Taken as a whole, the
award seems as fair to both sides as
may be, when It Is considered that loss
of rental and loss of business cannot
be regarded as such.
In the cases where no damage was
given six properties showed only a range
In change of grade from one-eighth of
an Inch on one line to zero on the other
to ono and seven-eighths Inches on one
line to zero on the other. One claim
was that of a tenant who had a yearly
lease, and the case of the Episcopal Hos
pital, where only the adjustment of the
stone wa'.l and Iron fence on same, to
gether with relaying pavements and re
setting curb, was asked. This has been
done In the best way possible by the
city.
FRENCH BUSINESS BETTER,
MORATORIUM IS MODIFIED
Bordeaux Informs Embassy of Com
mercial Improvement.
WASHINGTON, Sept. 30.-The Foreign
Onico nt Bordeaux today Informed thft
French Embassy hero that business con
ditions were Improving In France, nnd
under the new decree of moratorium two
thirds of any account held by a mer
chant or manufacturer In a bank may be
withdrawn. The cablegram read:
"Tho decree of the French Government
dated yesterday In regard to the morator
ium Increases tho limit to which mer
chants nnd manufacturers may draw on
their accounts to two-thirds of their ac
count fii balanced on August 4, the (Into
of the moratorium. I call your attention
to this disposition, which will facilitate
the economic and Industrial condition."
STOCKHOLDERS WILL
LOSE EIGHT MILLION
DOLLARS IN OCTOBER
Corporation Dividends Next
Month Will Be That
Much Smaller Because of
European War Influences.
Uocauso of tho Hutopran war, which
has forced many corporations. In view
of a stringency In general business, to
conserve their assets as much as pos
sible, stockholders of railroad, Industrial
and utility corporations will receive dur
ing the month beginning tomorrow a
total of $160,380,5S.) In Interest and divi
dend disbursements, as against 5160,120,
o33 paid out In the same month last year.
Dividend payments will be smaller than
last October by approximately $S,034,2CS.
This falling off is due to the action of
many companies In either passing their
dividends or reducing or deferring action
on them.
Of the total disbursements to be made,
interest payments will aggregate tSl.SO1),
000 and dividends, $78,K6,M(3. A summary
of the October dividends this year, com
pared with those of a year ago, as com
piled by the New York Journal of Com
merce, follows:
Railroads
Industrial!)
Street railways. . .
1014.
$24,iiS0,CU
4il'il.1,10d
7,:tl4,H15
101X
S27,2!15,SS1
51.577,877
7,747,W5
?7S,5SU,5!5 Mi,ti20,S53
Totals
Figures revised.
Among the more important changes In
dividends, as compared with the rfiitno
period a year ngo, wire:
OMITTED.
American Shipbuilding preferred.
Aurora Electric and Cable common.
(Jcntral Cual and Coke common.
Colorado and tlrst preferred.
Cities' Service common.
Cities' Service preferred.
Colorado und Hecond preferred.
Dominion Steel Corporation.
International Harvester Corporation.
Mexican I'etroleuin preferred.
North Uutte.
Remington Typewriter comrron.
Republic Iron and Steel preferred.
t'nitcd States Cast Iron llpo preferred
United States .Smelting and Refining common.
SMALLER PAYMENTS.
American Express.
Anaconda Copper.
should 1 roau a"u
men is uy
1 January .
February
1 Match . .,
I April
m--
June
July
AUKUSt ..
September
ucioDer
1 loiais
I N-ivember
NEW YOKK BUTTER ANC EGGS
NEW YORK. Sept. :so.-I!utter. unsettle 1;
receipts. 10.517 packages: creamery, extra,
aufiiliiM.jr; Slate dairy, tubs), 22Ci2Hc; Imita
tion creamer)'. 2IC2I '-jr.
Eggs Irngul.ir, receipts, 1.1.770 .uses, near
by white, fancy. ::ii'.; mix., I 2iiii2Pc. :
fresh extra, firsts, 27g2Sc. fresh, firsts. 2tS2i5",
PHILADELPHIA MARKETS
Steamships to Xeave
PASSENOER,
Name. for.
Dominion Liverpool ,.,,
Htamp.-illa Naples
Merlon LUerpool ....
Monuollan Clask'ntv
Calltornla Copenhagen .
FRKIUUT.
Copenhasen .
Loudon
('hrlMlanla .,
Lelth
HoitTdarn .,
Manchester .
.'xindon
....... London
Ulth
ITrantenbori? ,
Wen Point...
Cunadla
Graclanu .....
V.Jldik
Man. Mariner
Start Point ..
Missouri
Itapldan
Date.
...Oct, 3
...Oct. il
...Oct. 10
...Oct. 17
...Oct. la
..Sept.
..bept. 3H
...Oct. 3
..Sept. 3n
...Oct. 8
...Oct lu
...Oct. 10
...Oct. It
...Oct. la
PORT OF NEW YORK
Arriving: Today
Name. Prom,
United States Copenhagen
OPE TODAY,
Name. Date.
StainpalU ... .Sept. lit
DI'M THURSDAY.
11 Savola. Sept. lit NatilM
..!..! Uverpool
Docked.
.S a. m,
Prom.
. Naples
VaOcrl-ind
Steamships to Xeave
Name.
New York 1
Mauretaniu ,,.,
Adriatic
Columbia
Philadelphia .,
Dura il'Aosta..
Mlnntlulm ....
Etpusnu
The nw York Central nnd Hudson
"iver Railroad Company Is planning to
r?iSna" ttrote of not mora than $40,.
vv.ooo six months anil one year coupon
notes. divUU-l cmjlly between two
maturities, for the purptwo of ineptliig
ie com)iti' iinaiiclul requirements
wH into 1915 Tho notes will bar li
"t at 6 per cent.
for. i)ate.
...I. Iverpoo! pfpt ;11)
...I. verpool Sept. :iu
...Liverpool Sept. ao
...IllasKow Oct. 3
...Liverpool Oct. 3
...Naples oct 3
...Ixindon Oct, 3
...Harro Oct. 3
FREIGHTS AND CHARTERS
Tlio tminhlp market has ussumtil a uuletfr
tone the . euuu I for tonnaue .how In A allifnt
decline Rates remained Heady. The demaiij
for sail tonnage W exceedingly light. usn'4"4
Taunton (Nor.). New 'York to Scandinavian
ports, refined petroleum, fcow barrels rrlviia
terms, prompt. '"' friv.ile
PruKpcr ill. 1 Nor.), i'tisn tons. New York to
Cfi'CnmiKin, KCneril 'area, private ?I?nu
Sommerttad (Nor.), 25tfi tons, llulf ti
terms, prompt.
Hercules (Dutch), 1372 tons. Fowey to Phil
aoelphla. china clay private terms. Prompt.
Prances (Nor.), uin) tons. Jamaica to Vi
York, or Stamford. Ct.. lugwouJ. private terms
GRAIN AND FLOUR
WHEAT. Receipts. 234.h72 bush. .Market
weak and lc. lower. Export demand lefcs
Bctlve. Car loin. In export elevator No. 2,
red, spot and September. $ l.liTCrj. 1.12; No. 2,
red. Western. Sl.lKii'l.lll; No. 1, Northern
Duluth. ?1.17I1.22.
I'UIIN. Itei-rlpta. 511118 bush. Trade dull
and prices declined 2.4e. Car Iota for local
trade, as to location No. 2. yellow, MVjdt
blc. ; -.learner, yellow. NltfiSUe.
DATS. Receipts, 73.5U2 bush. Market
unsettled and IV-jr. lower with demand light.
No. 2, white, 52i.jf.433c. ; Mandard, white,
52Ht52tio. ; No. 3. white. 81 KjUjAJc.
Pl.Ol It. Receipts. 21)03 bbla.. 1,403,400
lbs In sacks. Demand IlKlit and price weak.
1'er 11MI lbs. In wood Winter clear, ll.iiov
4. S3: do., stralclit. l.tiOfl.1.15, do., patent.
S.'.2."''i.',.il'i; Kansas, straight. Jute sacks, J.Vli)
'n.i.50. do., patent. Jute sacks, 3.f(Kj5.7.V
sprlnit, Orst clear. il.TMift: do., straight, S3. 10
ti .1.411; "to., patent. s.l.5oga.73; do., favorltu
brands, fflijrt.50; city mills, choice and fancy
patent, J(llj(l..V): city mills, regular (trades,
winter, clear, J4.0on4.s3, do., straight. 4.U0Ii
8.15: do., patent. .V'.'A1 .1 n).
ICYi: Pl.Ol'K In light rerpiest. but
steady, at 5S3.50 for nearby and Western In
wood.
PROVISIONS
Thero as a light Jobbing movement
and little change in prices, city beet.
In bets, smoked and air-dried, ;tli32c. ;
WeMern beef. In sets, smoked, 31fi32c. ;
city beef, Knuckles ami tenders, smoked and
alr-drled. 32(l34c. ; Western beef, knuckles and
tender, smoked. .12)i.14c; beef hams. JIIMiHI;
pork, fuailly. $2(Wr27: hams. S 1. cured,
loose, 15U,tl'le : do , skinned, loose, li'-u"
Ilk-.: do., jmoked. IS'ulllc. : other hums,
unukeil. city cund, as to brand nnd average,
IS'tilUc; Iiamh. smoked. Western cured. 1'
Pic. do, boiled, boneless, SMi'JMc ; picnic
shoulders, S. P. cured loose, uitc; do,
smoked, l4!(14ii.' , bellies. In pickle, according
to uv.'iage. loose, liiv-j'itne. ; breakfast bacon,
as to brmd nnd average, city cured. 2tfi2.lc. ,
breakfast Iih -oh, Western cured. 2Hi23c , lard,
Western, refined, tierces, ll'fi llaic. ; do. do.,
do. tolia. Iti.j'ullV- : lard, pure clt). kettle
rendered. In tierces, 11411.. do., puro city.
111 luos, ll's'iiilc-
SUGAR
DAMAGE I.V SMALL- GRADES.
In regard to the properties mentioned
with less than two inches of grade, the
viewers have usually given something,
and It would seem that owners
recover. Real estate men. except In 1
few instances, are united in the belief
that there are damages even beyond the
grade to a point Ilxed by a well-known
bioker, who testifies In a largo propor
tion of cases "a point where, standing
on tho front steps, the grade is plainly
visible. In Tioga and other sections 1
heavy loss of rental, both during the work
uiiu u iuiis nun- uiu.-r, aim ine iuvi mat 1 jjii, .ember
uiu iL'iiia uu iiui ii 11 ruie come uuck
within a short time," as nlleged by ex- 1 Total for year
pons called for tho city, clearly goes to
sustain tno position that owners ure en
titled to damage.
CONDITION'S BETTER.
Whcjo a row of properties are in one
ownership and hto ndjusted together, a
decidedly better condition Is Immediately
manifest, as can bo seen In properties
covered by this award, 2!0S to 2G30, In
clusive, Kensington avenue. These prop
erties have been adjusted at one time
by the Handy estates and look extremely
wen. in n scattered owniTsiup and a
ivastman Kodak.
Nlplssln? Mines.
New York Transit.
New York State Railways common.
o'lthvvvHtprn Pennsylvania Plpo Line.
capital Traction.
I nion Pacific.
Following are tho combined steam rail-
street railway dividend pay
months: 101 1. 101:5.
$11,123,001 S41.M1.CVJ
21,s.Su,(!2ll 2l.2'.l,74,J
20,S.I3,3S7 7..14.S7S
.tl,!H7.4V( 47,:ipi!,.VM
1(1,5415,721 l(l,li;4,221
I7.2H.77U 20,3.VI,1.0.I
;i.D3ti.(r21 42.051.22.1
:(0,l!.2.2ti,J 31.(211.7117
2.1.7111,417 2'J.lSU,410
32.271, 47l :;S.042,H7tJ
. ,S2II!I.I!I5,M7
$.tl.'l.5i.'l,25a
L,tl,4:i.:.5H
11.507,221)
$. .01, 2111,11110
I
BOND EXPERT OPTIMISTIC
Trad
tamed
FRESH FRUITS
fair and valu.s generally' well sus-
iVllOlefl. Ilp. lit,) l!r,i.i,.l.. -..&.
... . V.' - " "ihi. ii.irin, ,1.111u
'"""h. $.nli.:: other KCHi.1 eattnV v.
H..111 i:.S.i; medium, Kul..Vi: aunlc.
Hi ties.
j.eiawaro and Pennsvivanla. nor hutnin.i-: :un.
.'C. Lemon, per box, .I14. Pineapples, tier
ciate-Porto 111, $1.23i,.i.'j5. Plurlda. l2."i'
iir'i!15',Vrr,'i'' '""', ,'0'1' Knrlv "lack, per bbl ,
4...(H3: cranberres. I'npo i-mi i.v,ril in-.i.
i'.fftaei, l,-7i'.",.:.r.?,",,"rr.1.':fi. ". . vs.'
- 1 7. -- Tt.llPlI . . I1KI I llflll --."V
Says Investors Are Anxious to Take
High-grade Securities.
J. Ernest Allen, head of the bond de
partment of E. F. Hutton & Co.. of New
York, was in this city this afternoon, and
during Ms stay In tho financial district
took occasion to express his extreme con
fidence In an early gotiernl resumption of
financial trading throughout the country.
Mr. Allen was formerly connected with a
Inrge banking house hern nnd Is oon-
end of the street, with ' "Wereil an expert on bonds generally.
ltig the change even I '"p' '" every occasion for optimism."
mu ,ir. .mi.-ii. investors generally aro
eagerlj looking for whatever offerings
they can get of high-grade securities
having attractive yield. That tills de
mand exists Is very much apparent. In
view of tliB recent oversubscription of th
New York city note issue. I venture to
,.., 11,1.1 11 nu- u.iuira i most wnu want-
...4 V1,l. .-if ,V.n !... .. ... . , ..
,.H, v uiiu ,,,..u wvyr irutup Known.
1 ,
kettle rendered.
o hi'an.
cotton, private
BANK CLEARINGS
with
Itank clearings t 'lay compare
eixndljis Jay last two years-
PHI pill.
Pbllu. S2.IIKI.57ll lli.'.'3 271
lloton 1U..V.7.M2 ST.Sill Ti'4J
New York. 271.421215 37(5.142 07
Ujlllni.re.. S.oilo.MM 7.310 3!13
'l.li.i' 45.iikS.7:2 ftfl.hsii.uhi
St. Louis . It,020,b2 H,S70,W
t'oric-
PJ12.
IS.l . -M
42,a.'w,aas
Uil. 41s. 7l
10.lllfl.t43
(KI.443.S2l
13.017,171
REPINED. Murket quiet, but steadily
held. Standard granulated. O.SOc. ; tine granu-
lawn. i.1m.; puwjerej. H.s.v. . confectioners'
A, 0.03c.: soft graded, 3 tMi(i.5Uc.
DAIRY PRODUCTS
lirTTKH Trade quiet, but prices steadily
huM 011 famy stock Medium isrades wt-uk.
vvesteru fresh, solld-piuki'd, creamery, fancy,
spiclals. .tic. extra, -'il. . cxira rlrts. Wic,
nisls. 2tVa2'J'.c., icconds, 20'i(27tjc; ladle
luiked. 2lj2Ic , as to quality, marby prints,
fsi.cy. .lie; do., uveraio entra, 32&33e.; d.i..
Ilrsts, iuu'Me., do., seconds. 27jj2sc. Special
fancy brands of prints jobbing at SSSplc.
KlitiS. Fine fresh eggs well cleaned up
ami .tea.lv. but unattractive stock dull and
weak In ice vases, nearby citras. 3lc. per
dot . n.arby firsts, Js.lo per standard case,
iicurbj lurrrnt reielpts. $7 2(KS7..- per stand
ard cae. intern extra firsts, S.IU wi caw
i'".?.',.1"' T")lT.."o per ca. do., ftcond.
tii Uk((il.li per case. v'andle.1 an. recraUd
fifth cg were Jubbed out at 35t37c per do .
as to quality. '
t'llPKM-:. -iifferlngs moderate and values
steady, but trade qui New York full .ream.
.'i'0''' "'iitf UvV -'o !' . fair to gud. I5v.
4310c., do., part klms, VtfUo, '
IlLCkleLnrr ... .U ' ,i. v.. ""V '.!.... ...' '.Vr!.'- I
KUila, per 2(l-lb. baaltet, 25f5(ic.: do do. ,', I
,'baike-G,'.,-r"-:-,l0'v,,el'l,ttare ""'' ':indr
pe bake:. 2,fi 1 ,c. : do., du., p,-r crute. J.v.i
f L'-"'i ,1JSa:'m,'"- ew ork and Pennsylvania,
per basket -Large white or jellmv. .'-c.V.
yellow, per Vbnsket-KMm Urge 7M("().-.;
rneilluni, 1030c. Pears, nearby, i-e bbl -
Dartett . v 1. $103.5,). do.. No. V.' ,;
ii l!fC.,F',orl1"- No. 1. jW.fKtf.5l); ,to
.' "t. r,vJn7: "'her varieties. (w.; neiT,
New lurk ,;Ke. per bbl., Slfl.l: pears, llirt
Utt or Serkel per bush. basket. JKjI.T.V
;iaies. .New ork-rniord. per S-lb. lskt.
i;,Wl5c.; dr.. per l-lh. basket. Uliv.; NlaBara
per l-lb. basket, sfcnv ; Debiwares, tier 4. lb'
rW.r,t' l-.n.1'"--: grapes, fmuoril. per ciate
-Hiiiie. i-mms, per i-ib. basket. 2iM,s
somo owners makl
I betore tho award Is paid, anil others nl
', lowing thi. utislglitly temporary vroodun
1 step3 to stntul for h long time so that
uu unsettled condition spoils the street,
buyers and renters aro not keen to get
j Into the locality.
This is very apparent on Frankfonl
1 uvenuo. north nnd south of Lehigh ave.
nue. ami will also be seen In the section
under consideration.
od
it would be found that th largest por-
iviikdKc ui me inquiries came fro min
dividual investor anxious for a s.if
Cantaloupes, ('.dorado
00., nam, nntfoc.
KO. JUHJ23.
ANOTHKU P.RPOIJT SOON,
Testimony lias been heard by this Jury conservative investment.
also on C street. Tusculum street... . , .l'M ,nontl!- nnd all they
.enur 8tree. and on the Ilromley ZtiVZVZ
Mill, corner of Lehigh avenuo und B . many weeks, and Investment bankers have
strrt. Awards will be embodied in tho evrV reason to be optimistic "
next report.
Tlie city of Philadelphia and tho Phil
odclphlit and Heading llailvvuy Com
pany havo agrcd to waive an appeal on
the properties I'lUituln. d In this report,
nnd up to this date only one appeal has
TEN THOUSAND FIRES
IN THIS STATE DUE
TO CARELESSNESS
So Fire Marshal Repoilj
After Investigating Causes
of 16,500 in Two Years.
Warns Housekeepers.
Now that fall housecleanlng Is under
way and paper nnd rubbish Is being:
thrown around tho house Indiscriminately,
tho Pennsylvania State Fire Marshal's
office considers It nn opportune tllnc to
call general attention to the dangers of
such practices.
Tho department In the last two years
has investigated the causes of more than
1C.E00 fires In Pennsylvania. It makes
the assertion, In a statement Just Is
sued, that of this total 60 per cent., or
nearly 10,000, of these fires were duo
"entirely to carelessness."
Accordingly, the Fire Marshal lias di
rected his deputies and the first officials
In the various municipalities In this State
to nt onco begin a "Bafety first" cam
paign. Ono of the department's sugges
tions Is that the 1,332,251 school children
In the State be taught the chemistry of
lite as well as Instructed in fire drills.
The Fire Marshal says:
The work of Are fighting can be materially
lessened by working for lire prevention. Mnra
attention and care should be given to the con
struction and material used in new bulldlngn
and the removal nf old and dilapidated build
ings, which are nro traps and a menace to
other property.
in this work every one, whether he belongs
to a lire con pany or not, xhould be interested,
nnd by hi? example and efforts encourage the
neighbors and others In th work. Individual
numbers or associations formed by the mein
Ler.t of fire companies should make frequent
examinations nnd become thoroughly familiar
with the construction of buildings In their re
spective districts', ami whenever or wherever
building" are found especially liable to Are and
are so situated as to endanger other property,
or where Rny trash or rubbish ha.s been allowed
to accumulaie In or about buildings, which by
Its Inflammable nature might cause fire, then
either by persuasion of the Individual or as
s elation or by reporting to the proper au
thorities, seo that the eamo Is removed or de
stroyod. In this wav many causes of fires will be
eliminated and consequently there will be s.
saving of property. Let tire prevention start
with a general cleaning up and a destruction
or removal .if all Ore breeding material and
the advocating of better construction In build
ings, A movement is under way to organize
a new casualty company in Philadelphia
and the promoters are endeavoring to
Interest bank officials.
The Penn Mutual Life has allotted an
Increase In dividends for 1014 above the
customary pain for advanced age, which
will give an Increase In dividends to
policyholders of from U.& to 13 per cent,
over last year.
The Zurich General Accident and Lia
bility Insurance Company has Just ap
pointed the office of Charles E. Mather as
managers for Philadelphia and vicinity.
NOTES OF THE RAIL
Presidents and counsel of several East
ern railroads mpt in New York today
to plan for the reopening of the Eastern
rate case before the Interstate Commerce
Commission on October ID. Witnesses will
probably be put on the stand to de
scribe specifically how the European war
has created an emergency in American
railroad affair, and to describe the ef
forts the railroads have made to carry
out the suggestions of the commission
as to conserving net revenues. It is
understood that President Wlllnrd, of
the Baltimore and Ohio, who opened tho
case originally for the railroads, will
make the opening statement at the forth
coming hearing.
Western traffic officers, who expected
last week to file rate ndvances within
one month, now say It will require two
months.
Three directors wero elected at the an
nual meting of tho New York, Ontario
and W.-stern Hailroarl to fill vacancies.
They are Lorenzo M. Glllett, of New
York; F. L. Lovelace, of Niagara Falls,
and Francis L. Maxwell, of Rockvllle,
Conn. The latter is a director of the
New Haven.
The third new freight locomotive of
the L. I. S. type has been completed at
the Juniata shops of the Pennsylvania
Railroad. These locomotives are the
most powerful in the company's service.
DIVIDENDS DECLARED
Imperial Tobacco Company, of Canada, reg
ular semiannual 3 per cent, on preferred and
2 per cent, on ordinary.
t'nlted Hallways and Electric Company, Bal
timore, regular quarterly SO cents a shara
on common, payable October 15 to stock of
record October a.
Continental Paper Dag Company, regular
quarterly IV, per cent, on preferred and com
mon, payable todav.
Itei.ce Buttnnhole Machine Company, regular
quarterly :i per cent., International Button
hole Machlm Compuny, regular quarterly 1
per cent., and Heeco Folding Machine Com
pany, regul'ir quarterly 1 per cent., all pay
able October ir 10 stock of record October 1.
Olobe-W'ernicke Company, regular quarterly
ji. per cent, on preferred, payable October IS
to stock "f coord Remember 28.
Rupplee-lliddk- Hardware Company, a quar
terly dividend of 1 per cent, on preferred,
payable October 1.
Delaware, Lackawanna and Western Coal
Company, regular iuarturly 2Vi per cent,, pay
atle October 1.1 to stock of record October 1.
Hi tiring directors of the. company were re
elected. Standard Milling Company, regular semi
armia! 2m per cent on pmferred, payable Oc
t rer .11.
Securities Corporation General, a quarterly
f-j per cent., laynlde October 13 to stock of
re -or. I September 30.
per iiati-. $Piu.ri; do.', i l"'ei1 entered by an owner, un October
atermelons, Jersey
VEGETABLES
lr
IK- i'h""iS-J!.!S,!S:i !W."ii3.
M"rni7 't 1 otat;s. '&.! .,n"Sr '-W-V'
1. I1.WH2. Sa 2. T-V.ntl. sweets, JersLi
bbl.-No 1, 3.WifiJ 75: S. ". lt"mt VT
sweets. Jersev per basket. 4.nS3o. union!-'
per bu,h tiViMc ; ..... eh.,U. ir IflO-lb
bag. $1; do., medium, per nO-h l. TMpVie
Cabbage, domestic, per tuns 112-tfll. I'iWv
New ork. per bun.h livftiklo. Mushrooms
rcr Mb. basket. 50c. ft J 1 (11. -uroartii.
POULTRY
I.IVK. Quiet, but steady under moderuU
offerings. Fowl?. ISflJTc old roosters, i
lc. ; spring chicken, according to quality, u
glTc: dmks. 12(jJ.v.. Butiu-iu. pt pair,
young, welshing S lb. end over nlc. lite,;
do., weighing 1S614 lbs. npi.-, Mii!5.; da.
weighing j lb. arlcie. SOc, old, 60c. . ulgeuiu.
ler pair, 17lSc. ,
lllti:ssi;n.,riemand fair for tine desirable
a. oeing su aay niter filing the report.
suUI nvvnriis may ho confirmed abso
lutely by tho Court of Common Pleas
No. I.
NOTES OF THE STORET.
The transfers thus far for thy week
show most activity in West Philadelphia
ana in the northwest section.
in tho Sheriffs sales advertised for
Octubtr 5. West Philadelphia and the
southwest jfittion have one. third more
praptrties than tho rest of the list, which
is uidrly scattered-
Seventeen properties wire sold. Nos. 2S
to 1 South mil stieet, and 3u.ss.37 to n
South J'aUon street, by Frederick C
MUhaelaon to C, I'leraent Ely. They are
twu-stury dwellings. The market has de
cliifilly a firmer tone, and is broadening
LESSOR.
"" ' w "' "" " 1 in 1 hum m
THE, 5IQNEY MAKKET
slwd etovk. valuw of wbh well uiin.i , PhllatalpjBla
.0. it ... .
i-rt'ii-Biiieii iowis. VVostorn s ih i....
heavy, 2tsc; luncy. welgbUlg p.BJ lhj.'
....... . ..r-j.-. . srigDwg i tn. apiece.
"i.tioiiB o im. upisvc, uy iv. , w
Vi'lshlnii l'ljBS lbs apiece. Ssi-SJc
to ood. JifellSi.. , chfc .wis. 'V.Tt,
and ovi-r upt.ie. l! du .i
VrS:.. l.V'... ruillnia .-hUkvn.
,..:SV ";'-(" imiJsc.. in
l.lll . . SlltiMl I... ,!,, tt I...
(12 Uu per .lor . f.'l n(i-l t'-t v ' It
l.i lb, per lo i.'7lj- wl-.t
5 'i"'. 4r-A'. ,--""-' 1" '' !
i?7,1.? " to UoO' li -11.2501.50,
dark aod No, 2, fcck v,
u tirk
! iiuun . . . . .
...... a o
U gS G rS
::::.: I S s
SOc.: I'hlUdJtlphla-i'.immer. ial pttprr, three to six
ighinis 3 i ,,'""lB,, nwrnrimn, ii lr cnt.
r-oeter.. dry 1 I VR C'I'nf'W fll Trt'P I'l'invc
M. fair 1, i'lllv'4tl. siei'i. .!. - Hints Ueielpis 2UiJ
. ki.,.. j? 2.(n ...w-'avrvr.,: t reSr.a, '")",:
ucthbniK r- an' f.-cl.r.- i.u. l.XJi, v;
It- r 'a.; J 1. '.-Hi I Mi -illl. - )ie ;.,,, 41. no
The Strength of the
Corn Exchange National
Bank Philadelphia
lies in the firm holil it has on
the many substantial business
houses that deposit here.
Our Savings Department
offers an opportunity to
young men to establish busi
ness friendships with a large
commercial bank friend
ships that may help them
when they start in business
or desire to make personal
investments,
3 Interest Paid on Savings Aecounts
Two weeks' notive to draw
Chestnut St. at Second
s
j. I
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