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"a" 'toVHimTCr MPOEE-PHa.DEEPHla-. WEDNESDAY- BEPTEMBBB 30, ItfM.
13
Lr ATOTAt. AND COMMERCIAL SITUATION ATBQMEAW) ABIvOBARKElgEgOgTg
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BROKERS REPORT
BETTER DEMAND FOR
''SHORT TERM NOTES
Investors Are in Market for
One-year Maturities.
Railroad Equipments of
Long Duration Active.
Tho special, committee of tho Philadel
phia Stock texchang today ruled that,
until further notice, members of tho ex
change) who desire to lssuo descriptive
circulars covering ofEerlncs of securities
In. which they aro Interested may do so,
provided they first submit a copy of tho
proposed circular to tho 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 tho general 1m
iSrovment which haa recently mado itself
manifest.
Houses here are reporting an active de
mand for notes having short term ma
turities. Thoso maturing In a year or
under are especially being sought Short
term equipment notes are in brisk dc-
' man d at attractlvo figures. There has
been a decided demand for the longer
maturities of such high-grade equipment
trust as Baltimore and Ohio, Southern
Pacific, Norfolk and Western arid Penn
sylvania general freight equipments.-.
' There appears to be not enough high
grado securities of attractlvo yield to
meet requirements of Individual In
vestors. Many of tho latter who have
Bought eagerly, but unsuccessfully, to
get hold of the New Vork City notes are
In the market for offerings equally as
eood, and they are finding a hard tlmo
locating the sort of investment thoy
want.
It became known today that tho New
York banks which had underwritten BO
. per cent, of tho nolo Issue of $100,000,000,
nnd had agreed among themselves to
hold tho securities until March ofc next
year, had been released from their
agreement and are now letting the notes
. got gradually Into the market. This de
cision was due, undoubtedly, to the
recent advances In prices for tho notes.
It was figured that this Is the opportune
tlmo for releafco of tho offerings and
that better prices can now bo obtained
than would be possible flvo months
hence. Tho market, therefore, has wit
nessed a slight recession In price, be
cause of the increased offerings.
In view of repeated requests from
brokers dealing In mining stocks tho lo
cal committee of flvo, which has been su
pervising sales among Exchange mem
bers, has agreed that It will not require
orders In mining stocks soiling at not
more than W a Bharo to be died with it.
This ruling Is similar to tho ono mado
recently by tho New York Stock Ex-
change Committee and means that here
after freer trading will be permitted In
unlisted securities selling at or under fi
a. share, with tho stipulation, however,
thnt no open market shall bo permitted
nnd that there shall be no shouting of
-bids and offers. This greater leeway Is
expected to create a mora active and sat
isfactory market for mining stocks.
Thoro has recently been considerable
trading In the oil stocks on tho Now
Yorlc curb. This caused the New York
Stook Exchange to prohibit Its members
from participating In this trading. The
special committee appealed to the New
York Curb Committee to co-operate, with
a -view to having alt transactions mado
subject to approval, and the result has
bean tho working out of an amicable ar
rangement whereby curb dealers will btlll
have their transactions mado subject to
the supervision of tho Exchango Com
mittee. Today was unusually active In tho local
market, brokers reporting a much better
Inquiry for both stocks and bonds. Cus
tomers aro beginning to visit tho various
offices and make Inquiries concerning
good Ini'estmonts. Philadelphia Electric
stcck was In good demand at 71, and there
were more bids than offerings at this
figure. Pennsylvania sold fairly well at
K. Steel sold at 50.
In New York brokers are quoting OS
for Baltimore and Ohio l',4s. due 1013; Wi3
for General Rubber 414s, duo 1013: 00 for
International Harvester 5s, due 1015. and
W for Amalgamated Copper Ea, due next
March.
LOCAL BANK CLEARINGS
September Total Smallest for Any
Month In Four Tears.
Clearings of tho banks In this city in
September were the smallest of any month
in the last four years, amounting tEo60.
88S,fl!S, a decrease of $03,275,932, as com
pared with tho same month last year, or
more than 16 per cent.
Tho decrease In September was tho larg
est of any month this year, although the
clearings each month since April navo
been below corresponding months of I8'
vsur.
Clearings for tho last' t'
nam as follows!
1011.
January ...... t I??-2?2'US
Kobruary i. 2i5-H12'5.12
March 070.TBO.255
tAptll 720,011.27s
May . ....... ........ OM.BM.71T
June. ................ TOT.WW.BSO
July .'....... .1 707,(H4.fOl
August B77,n5n,7.TO
BcnVJrnW .......... BCO.8S8.040
October ..... ...:
Novembor ., . .
December ........... ..,.
years com"-
1013. .,
1700.4,75,77.1
030.87.7.372
" nS7,20B,8RS
703,520.0.18
7.7 1, 3 12,53 s
740,f21,44U
70fl,S45,07.7
0X7,04 8,.12
051,164,078
7S2,7o5,8IU
070.70.7,421
770,005,221
CHICAGO WHEAT
MARKED BY MUCH
WEAKNESS TODAY
Cash Article in All Outside
Markets Materially Lower.
Selling Pressure Outweighs
New Investment.
COMMISSION GIYES
ITS APPROVAL TO
JEW MILEAGE RATES
Increase From 2 to 2 Cents
a Mile Will Become Effec
tive Tomorrow Rush for
Old Books.
The Interstate Commerce Commission,
not having notified the Pennsylvania
-Potirnnfl nnil th Philadelphia and Read
ing Railway Company of any suspension
of the proposed mllcago book rato ad
vances, tho now rates will automatically
become effective tomorrow. The Commis
sion has given Its "tacit approval" to tho
proposed increases, but later It may direct
a general Inquiry to determine the catiscs.
Ticket agents hero aro busy trying to
meet the unusually largo demands of the
traveling public for existing mlleago
books, which aro being sold today on the
basis of two cents a mile. At both the
Pennsylvania and Reading offices It was
announced that tho day's sales were the
largest for any single day In the history
of tho roads. '
Tho Increases will boost tho mileage
book rato from Z to 2tt cents a mile, and
will affect all of the railroads cast of
Pittsburgh and north of the Potomac
Rlvor. In other words, travelers who now
got 1000-mile books for 20 will have to pay.
tomorrow, J22.60 for tho same book. The
rato for the 1000-mile Interchangeable
book, which Is now 25, with a return of
J5 upon presentation of the book cover
after tho mileage has been used, will to
morrow bo $25, with a rebato of only $2.30
upon return of book.
Tho railroads have not yet made appli
cation to tho commission for permission
to Increase their single trip passenger
rates. Such a request had been planned,
but the officials of the Eastern lines ap
parently figured that it would .be more
consistent to await the commission's no
tion on tho proposed 5 per cent, freight
rate advances. A rehearing has been
granted the roads In this application. It
will bo held October 10 at Washington.
It Is the general feeling In railroad clr
.cles that the commission "will see the
necessity for at least part of the proposed
rate advances nnd that It will permit tho
enforcement of Increased tariffs. In that
event, If the Increases to be granted shall
bo In tho neighborhood fo the 3 per cent,
asked for, there will probably bo dropped
tho plan to boost revenue Income by
higher passenger fares.
PORT OF PHILADELPHIA
SUN AND TIDES.
Sun rises.... 3:45 a.m. Sun sets 6:15 p.m.
PHILADELPHIA.
High water. 10:ri5 a.m. I High water.ltsln p.m.
Low water.. 8:20 a.m. Low water.. 3:40 p.m.
HEKDY ISLAND.
High wator. 7:11 u.m. I High water. 8:09 p.m.
lour water.. 1:44 a.m. I Low water.. 3.07 p.m.
BREAKWATER.
High water. ,l:.7i a.m. I High water. 3:40 p.m.
Low water. .11:23 a.m Low water. .IlMl p.m.
Vessels Arriving Today
Sir. Start Point (Dr.). London, merchandise,
Charles M. Taylor's Sons.
htr. Joseph ill Giorgio (Nor.). Port Antonio,
Atlantis Fruit Company.
ae uix, iosvouu,
merchandise,
ntitrAOO. Bent. 30. Much weakness
was shown In whent today. Tho cash
article In all outside markets ranged ma
terially lower, and thero was not enough
new Investment call hero to offset tho
effect of selling pressure from cash and
shipping Interests. Thoro was private
wlro absorption of wheat on soft spots.
Cash sales totaled 23G.000 bushels. In
terior receipts of wheat were 2,S$u,oOO
bushels. Seaboard clearances of flour
word 74,000 barrels, and wheat, 1,050,000
bushels. Futures closed to 214 cents
lower. '
Liquidation of tho tail-end sort waa
tho factor In corn. Values again de
clined materially. Cash was down 2 to
3 cents here. Uuylng at the decline was
of the solid sort, There was a consid
erable Increase In tho volume of specu
lative trade. Cash sales woro 125,000
bunhols. Interior receipts were 233,000
bushels. Futures closed U to 2V6 cents
lower. .
There was a largo trade In oats, and
prices were much lower. Thero was a
great deal of liquidation by longs, some
selling here for tho Northwest and not
enough speculative demand to sustain
values. Interior receipts .were 1,743,000
bushels. Clearances from tho seaboard
'roro 606,000 bushels. Cash sales were
785,000 bushels. Futures closed U cents
lower to 14 cents higher.
Provisions ranged higher on buying
presumably for largo local packers and
speculators. Trade was large in lard.
Loading futures ranged as follows!
Vestorday's
Wheal Onen. Hlixh. Low. Close, closo.
Hontemoer
I."... ' . ' " ' '1
ROAD JURY AWARDS
IN THE NORTHEAST
DISTRICT OF CITY
Kensington and Lehigh Ave
nue Changes of Grade Due
to Abolition of Railroad
Crossings.
December
Mav
i,orn (new acnvcryj
i:n.tu l.n.vu 1.04 1.01
l.osjj 1.08)5 1,I7W l.JS'4
1.1BK 1.J64S 1.14 'l.TS
7.7
n-4
70ii
p
September
iecemoer
May f. . . . .
Clots
Scliteqiber
December
May
Lard
September
October ..
January .
rubs
September
uciooer
January
i'ort;
September .tl7..)
January ...10.IB
Did. tAskcd.
70S
43',
4ii
Sl'.i
71
67
WW
44U
4llU
71
17
ro:
4.1
t4H
50T4
o.M t.2
I) 02 O 02
II.U5 tlO.10
12.10
...11.07
10.40
12.23
11,23
10.47
17..V)
10.87
0.00 tfl.ll!
11.52 0.02
0.03 UO.ll
12.10 12.23
lt.03 '11.23
10.40 tl0.47
17.20
10.07
17.20
1U.82
'!3i
l.Wi
7354
tTOfJ
43
7t
31
T0.5J
0.33
0.07.
12.10
tll.17
10.40
17.41)
10.07
RAILROAD EARNINGS
fruit.
titr,
Molina (Nor.), Port
fiailpv. DavIm &' Cn
" - V. . !
i'awnfc, j'jcn, new lorn.
FINANCIAL BRIEFS
Ik
M
,
vv
;
Samuel Itea, president of tho Pennsyl
vania Railroad, will not resign ns a
director of tho Xew York. New Haven
and Hartford Railroad. This statement
was made by ofltclals of the Pennsyl
vania natlroad today. Officials said
that soma one had to look after the
interests of the Pennsylvania in the New
Haven, and for this reason Sir. Rea
would not resign. Tho teslgnatlon 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
vestment Bunkers' Association of America
has been called to convene In this city
on November 12 nnd 13. Headquarters
will be at the Pellevue-Stratford, George
W. Kcndriuk, 3d, of this city. Is chairman
of the convention committee.
During the month of August the total
production of the Qoldlleld Consolidated
Mlpes Company and the Goldtleld Con
solidated Milling and Transportation Com
pany was 27,211 tons, from which resulted
. net realization of 1128,13).
Tonopah ore shipments lnt week were
10,70 tons, with an estimated value of
2i0,i;0.
Announcement waa made ' today by
President V. J. Brown, of the Maryland
and Pennsylvania Rullroad, that the
company will not meet coupons due
October 1 on the Income bonds. There
are about I'jOO.OCO of the Issue outstand
ing. Operation of tho mil mill of the Mary
land Steel Company, at Sparrow's Point,
was resumed today after a shut-down
of six weeks.
There was withdrawn from the New
York Subtreasury 125,000 gold coin for
shipment to London and $37,S0O for ship
ment to Canada.
The New York Central and Hudson
River Railroad Company Is planning to
Issue an aggregate of not mote than jiO,
000.000 six months and 0110 ear coupon
notes, divided equally between two
maturities, for the purpose of meeting
the company's financial requirements
well Into 1915. The notes wllj bear in
terest at 6 per cent.
8tr,
(MiMm l.lnn
Schr. Flrlna P. Pendleton, New York, bal
last. A. D. Cummins & Co.
Steamships to Arrive
PASSENGEn.
Namo. From. Failed
Mongolian Glasgow Sept. 18
Stampalla Naples Sept. IS
Merlon Liverpool Sept. 1'j
California Copenhagen ...Sept.
FHEIGUT.
City of Durham Calcutta Sept. 1
Zldyk Hotterilam ....Sept. 13
Man. Mariner Manchester ...Sent. 10
Adnlfo Huelva Sept. 14
HUirmfels Calcutta Sept.
Canadla Etatanger Sept. 15
Zercnbergcn , Cardiff Sept. IS
nanm lMuiejooro ...aepi. 10
iiapiaan ....
Missouri ....
Dakotan
Greenwich ..
Wlnlatnn ...
Man, Miller
Corrlston ....
Solborg
..Lelth Hnt. lfl
., .London Sept. 22
...Hlln Sept.
...NcttCMtle.N.n.Pept. 22
...St.Vincent.C.V.Sept. 17
...Manchester ....Sept. 2t
. ..Fotvey Sept. 25
...Hartlepool ...'.Sept. 23
Steamships to Leave
PASSENOErt.
Name. Tor.
Dominion ...Llvemool
Btampalla. Kaple3 .....
Merlon I.hcrpoot ,,
Mongolian Glasgow ...
California Copenhagen
FHEIGUT.
Copenhagen
London ...
Christian!
Lelth
Itotterdam
, Manchester
, I.ondan ....
...London ....
Lelth
Uranlenbore
Wen; Point,,,
Canndla
Graclana .,..
ryldk
Man. Mariner
Start Point" ..
Missouri ....
Itapldan .....
Date.
...,oot. a
....Oct. fl
Oct. 10
.....Oct. 17
....Oct. ID
...Sept.
...Kept. 3d
Oct. a
....Sept. SO
Oct, S
....Oct lu
Oct. 10
Oct. 14
.....Oct. Iti
ERIE
1014. Decrease.
August gTOSS J5.4fW.7fin S1IK.244
Operating Income 1.C00.127 151,8111
Two months to Aug. :il
Gross revenue HO.O0S.ni7 2S0,fHn
Operating Income 2.75S.00O .71,800
NEW YORK, SUSQUEHANNA & WESTERN
August gross 315,071 JIO.IM
Operating Income Ttf.MS 10,157
Two months to Aug. 31 .'
Gross revenue (Wt,70 $22,781
Operating Income 142.217 13..V.0
PHILADELPHIA AND READING
August gros 4,120,n03 $.101,711
Net 1,230,123 30,541
From July 1
Grosa 7.fwi.io3 , $nno.nin
Net 2.307.727- 2tt),2:U
ALABAMA GREAT SOUTHERN
Third week September.. J87.070 $0,512
July 1-Septembcr 21.... 1,1117,215 18,301
MOBILE AND OHIO
August gross Jt,ik'U,4l2 $1,060,80
Net after taxes 1S4,W 23H.U52
Two months' stoss S,i:U,04S 2.12S.032
Net after taxes 411.501 471.783
SOUTHERN RAILWAY
August gross $5,088,015 $3,737,181
Net after taxes 1.10.-..13.I 1,307,410
Two months' gross..... ll.sa'I.Kll ll.S70.niil,
Net after taxes 2,274. 624 2,022,720
CANADIAN PACIFIC
August gross $0,017,705 111,434,400
Net 3.30.1.1.13 .7,081.140
Two months' gross..'.... 20.30!t,7.17 Ki.437,.122
JJct 7.141.0W 8,77,l29
ILLINOIS CENTRAL
August gross $.1,843,331 $3.R07,121
Net after taxes I,2i0,20l Ofl,g05
Two months' gross 11,211.473 ll.OKi.tM)
Net after taxes 1.000,tr, 1,700,285
DELAWARE AND HUDSON
July gross $1,007,204 $2,075,178
Net after taxes 0U0.04S 754,015
NEW YORK. ONTARIO AND WESTERN
August gross $l,'OO0,730 $000,077
Net after taxes 301,1170 .730,.ii
Two months' groas 1,003,201 2.OO1.074
Net after taxes 72.1,543 714,130
Increase.
TOLEDO, ST. LOUIS AND WESTERN
Third week September.. 100,838 $0.73
July 1-September 21.... 1,007,073 22.1S7
Photo by Evans Studio.
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
ine 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.
MI HAVEN PROBE
FORGES RESIGHATION
OF FOUR DIRECTORS
Board Accepts Retirement of
William Rockefeller and
Others as Mellen Retakes
Witness Stand.
NEW YORK, Sept. 30. With Charleo S.
Mellen again on the stand, the Federal
Grand Jury today proceeded with Ha
probe Into the affairs of tho New York,
New Haven and Hartford nailroad dur
ing the tlmo Mellen waa at tho head of
theuystem. It Is through this Investiga
tion that the Government expects to ob
tain criminal Indictments aealnst members
of tho Board of Directors, declared to bo
responsible for the looting of tho New
Haven.
William Rockefeller, ono of tho most
prominent members of tho board; George
V. Baker, Charles F. Brookcr and James
6. Elton have now severed their connec
tions with tho road. Their resignations
wcro tendered and accepted at a meeting
of tho board as Mellen was before tho
Grand Jury telling of the operations of
tho system.
There la no doubt that the Government
Intends to press tho casd to the limit.
Mellon refused all comment today, stat
ing the strictest admonitions of secrecy
had been lmpitssed upon him.
Counsel for the former head of tho rail
road system declared Mellen had gained
Immunity from prosecution In connection
with all transactions he had disclosed be
fore the Interstate Commerce Commis
sion. Tho present Investigation, It Ib
therefore understood. Is not directed at
Mellen, but at other directors the Gov
ernment hopes to reach through tho evi
dence that may bo furnished by the for
mer president.
NEW YORK BUTTER ANG EGOS
NEW YORK Sept. 30. Hutter, unsettlej;
receipts, 10.517 packages: creamery, extra,
aOfS.'lOtjr; State ilalry, tubs, 22Q20c; Imlta
tlon creamery, 2HU'J4hc.
Eggs Irregular; receipts, 1.7,770 caaes; near
hy white, fancy 3ri; rJc. : mlte.1. 'JtliSi 2Uc ;
fresh extra firsts, 2728c; fresh, firsts, 24926c.
In a report filed this month Horace
Tardley, William R. Dougherty and James
Johnson, Tlewcrs, awardod damages
caused by the change of grade In the"
abolition of grade crossings on line of
tho Philadelphia and Reading Railway
Company, Richmond Branch, as affecting
.the following streets;
Kensington avenue, between Harold and
Boudlnot Btreets; Lehigh avenue, between
Jasper and A street, Oakdalo and Al
ibert streets, between Kensington avenue
and Jasper street; Tusculum streot, be
tween Kensington avenue and Ruth
street, and Totter street, between Lehigh
avenue and Huntingdon Blreet.
The chango of grade of Kensington ave
nue at TLohlgh avenue was approximately
eight feet six Inches on the south side
and ten feet on the north side; tho grades
of nil Interaectlmr Btreets being nujusteo
to conform to this grade. It ran out at
2608 Kensington avenue to the soutjt and
at 2745 Kensington avenue to tho north.
DAMAGES CAREFULLY CONSID
ERED. The viewers In making awards took
Into consideration that the physical work
was begun during tho years 1S12 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 the properties to new condi
tions. AWARDS ON KENSINGTON AVENUE
70 properties $201,052.50
1 no damage
1 do (tenant s claim).
LEHIGH AVENUE
34 propertle , 50,403.00
AL.DEIIT STREET
1 property M.00
OAKDALE STItEET
8 properties 2,033.00
2 no damage.
TUSCULUM STREET
18 properties 11,115.00
POTTER STREET
11 properties 4,02600
1 no damage. ...... .,
Ono hundred and flfty-stx properties
were considered, and the total award
was $271,674,50. Taken as a whole, tho
award seems as fair to both aides 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 wan
given six properties showed only a range
In chang'e of grade from one-eighth of
an Inch on one line to zero on the other
to one and seven-eighths Inches on one
line to zero on tho 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 wall nnd Iron fence on same, to
gether with relaying pavements and re
setting curb, was asked. This has been
done in tho best way possible by the
city.
DAMAGE IN SMALL GRADES.
In regard to the properties mentioned
with les3 than two Inches of grade, the
viewers have usually given something,
and It would seem that owners should
recover. Real estate men, except In J
few Instances, nre united In the belief
that there are damages even beyond the
grade to a point fixed by a well-known
broker, who testifies In a large propor
tion of cases "a point where, standing
on the front steps, the grade Is plainly
visible." In Tioga and other sections
heavy loss of rental, both durtng ths.work
and a long time after, and the fact that
old rents do not s a rule "come back
within a short ilme." as alleged by ex
perts called for the city, clearly goes to
sustain the position that owners are en
titled to damage.
PHILADELPHIA MARKETS
GRAIN AND FLOUR
WHEAT. Receipts. !234, 872 bush. Market
weak and 1c. lower. Export demand less
active, Car lots. In export elevator No. 2,
red, spot and September. $1-073 1.12; No, 2,
red, Western, tl. 1161.10; No, 1, Northern
Duluth. si.iTcy.1
FRESH FRUITS
Trade fair and values generally well ius
it noil Itir.los nan Htil riwn fan a In 1 n
ffifn(V At-ir-fan m
! 2.25; niu-sh. Sl.aV..,
er bbl. uravensteln. il.Mli
ft'-'.fiO. other rood eatin? ti-
"nin, i.uufl;.;.-i, medium, nvi.uu; appio.
Delaware and rennsIanla, per hamper, :10s
f41r. F.mnnt ,Wk Vinv CtiJ llln.,nnl.u n
. ... 1W.., ," WM, v. . . intaiiu..., u.,
r..i,v n.int. ROofl l.,1ul, Tr.. Hull . crate 1'orto Itlco. SI.jn.l.L'.V Florida. 11612..M.
and prices declined' 214c Car 'lots for local pfinje'rles. Cape Cod, Early lilaek, per bbl,
trade, us to local on No. 2, lellow. &3,ii ,"'. . """""H". vaK? "-. ?" "iai.ii
64c: iieamer, xllow, b.i',r.M',c.
OATtf. Receipts, 7.1.n02 liush.
FRENCH BUSINESS BETTER,
MORATORIUM IS MODIFIED
Bordeaux Informs Embassy of Com
mercial Improvement.
WASHINGTON;, GepL So.-Th5 Pertlgtl
Office at Bordeaux today Informed the
French Embassy hero that business con
ditions were Improving In France, and
under the new decree of moratorium two
thirds of any account held by a mer
chant or manufacturer In a hank may bo
withdrawn. The cablegram read'.
"Tho decreo of tho French Government
dated yesterday In regard to the morator
ium Increases the limit to which mer
chants and manufacturers may draw on
their accounts to two-thirds of their ac
count as balanced on August 4, tho dato
of the moratorium. I call your attention
to this disposition, which will facllltato
the economic and Industrial condition."
STOCKHOIMS WILL
LOSE EIGHT MILLION
DOLLARS IN OCTOBER
Corporation Dividends Next
Month Will Be That
Much Smaller Because of
European War Influences.
Because of tho Euiopean 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 $ie0,3So,5S5 In Interest and divi
dend disbursements, us against $166,120,
53 paid out In the same month last year.
Dividend payments will be smaller than
last October by approximately $8,034,26?.
This falling oft is duo to the action of
many companies In either passing their
dividends or reducing or deferring action
on them.
Of the total disbursements to bo made,
Interest payments will aggregate $81.M0,
000 and dividends, $78,5i6,rSd. A summary
of the October dividends this year, com
pared with those of a year ago, as com
piled by tho New York Journal of Com
merce, louows:
inn.
24.u3U,r34
TEN THOUSAND FIRES
IN THIS STATE DUE
TO CARELESSNESS
So Fire Marshal Report's
After Investigating Causes
of 16,500 in Two Years.
Warns Housekeepers.
Now that fall houscdoanlng Is
way and paper nnd rubbish Is
r
Railroads
Industrials
Street railways. .
Iti, Ml 5, ion
7,:iH,i3
J7S,5!H3,M3 JS0,02iJ,S53
101.'!.
27,2!ir.,Ssl
5l,577,b77
7,747.iri5
TORT OF NEW YORK
Arriving1 Today
Name. From. Docked
United States Copenhacen,..,8 o. m.
DUB TODAV.
Name. Date. From.
BiampalU ....Kept. IS Naples
Dl'U THUnSDAY.
II Sa oil. Sept. Ill Naples
Vaderland Sept. 2a Uenool
Steamships to Zeave
Name. For.
New Vork ..Liverpool
Mauretanl Liverpool
Adriatic Liverpool
Columbia .......aiangow .
l'lilladelphla. , , 1.1 erpool
ivuid. uAwut,,, rapiea ...
.,..,,,,, London
Date.
.Sept 30
.Sept. 30
.Sept. 3d
..Oct. a
..Oct. 3
..Oct. 3
...Oct. 3
.Havre Oct, 3
Minnehaha
Espagne .
FREIGHTS AND CHARTERS
The ttanihlp market has a.sumed a quieter
tono tho demand for tonnage ihowlng a .light
decline Itatea remained atcady The deminj
for oall tonnage la eceedlngl light
,. STKAMSllll'S
Taunton iNor.). New York to Scandinavian
Urn's. rr0mut.r r'CUm' "" barrc"' l"la,e
prompt (not aa prevloualy reported)
Bomnirtao trior.), 23 tons, Oulf to Scan
dinavian porta, oil cake or cotton, private
terms, prompt.
i "Ei" " I, .' nT2 tons' Fowy to Phil.
terms, prompt.
l'ro.rer 111. INor.), 2o tone. Netv York to
Ccienhagen. general cargo, private, termi.
tr
1
r
lei
adelphla, china, clay, private term, prompt.
Frances (Nor ). eao tons. Jamaica to Ne
ork. or Siamrord. ct . logwood, private term
prompt
BANK CLEARINGS
llank clearings today compare ih corre
spending day last twu vears
tuu iui:i
PUIIa. . . SMi.a70 S3U.2M ,'jn
UoMon IB.BS7.RI2 27,i03,7iV)
N.vy York. 27J.42I.215 37M.443 107
lUltlmore.. A.Sj'iVK'm T5tnnw
Chicago.... 1.VU3.S.772 60.W.US1
B,, tMUl.
ii,sajg:. lisioitxw
11112.
fM.ltCi.220
42,;.'lll.2.Vj
e0lM.7Ut
10,100.145
ti. -4 1.1,821
x,iT.m
pints. 7.i.nu2 liush. .Mantel
unsettled and l'ie. lotver with demand light.
No. 2, wWte, S'i'ittiSc. : btandurd, white,
B2iij."2'jc.j No, 3, white, BltyUS-c
11.0111 Itecelpts, 2005 bids., 1,403.460
lbs In sacks. Demand light and prices weak.
1'er 1011 lbs In wood Winter clear, $l.lf(
4 8.1: do., straight, H.twes.l.li do., patent.
.V2Mi5.iV; Kansas, straight, Jute sacks. J.I.'JtJ
,i.!W; do., patent. Jute sacks. J.'i.Oingfi.l.'i.
spring, nrst clear. I1.7WJ: do., straight. .1Q
(rf.1.41); do., patent, I.V.V105.75; do., favorite
brands. JiWfd.V); city mills, choice and fancy
natent. i(IB.M, elty mills, regular grades.
Slr.ter. clear. li.tsW4.R5: do, straight, fl.OOJf
O.iri. do., patent. J5.251j.1W.
1IVK ri.OUH. Ill light request, but
steady, at ?5ijo.5u for nearby and Western In
wood,
PROVISIONS
Thero was a light Jobbing movement
and little change In prices. City beef.
In sets, smoked and alr-drled, 3ie32c. ;
Western beef. In sets, smoked, S16n2c:
city be-sf. knuckles and tenders, smoked and
alr-drled, 32j:i4c.; Western beef, knuckles and
tenders, smoked. 32034c: beef hams. J10S13;
pork, family. 12t(27; hams. S, 1. cured,
loose, 15411 Hlvic ; do. skinned, loose. 13'iij
liUv, do., amoked. IRlllOc. . other hams,
smoked, olty turtd, as to brand and average,
lSJilUc; hams, smoked. Western cured, is,
liic- do. boiled, boneless. 28ft2c. picnic
shoulders. S. I cuie.l. loose. 12)12'ic, do .
smoked. 14S14'jc . bellies, lit nlckle. according
to acrage, loose. lB'iil7c ; breakfast bacon,
as to brand and average, city cured, 212:ic.:
breakfast bacon. Western cured. 21f23c.: lard,
Western, refined, tierces. llVjif llc; do., do.,
do., tubs. UhtiU'tc., lard, pure city, kettle
rendered, In tierces. lMstHc., do., pure city,
kettla rendered, In tubs, llMiS-llV-
SUGAR
HKl'INKI). -Market quiet, but steadily
held. Standard granulated. HSOc.. fine granu
lated, U.75o . pondered, it '(- . confectioners'
A, li.USc soft grados 8 W&tl.Mc.
DAIRY PRODUCTS
HL'TTKIt. Trade quiet, but prices steadily
held on fancy stock. Medium grades weak.
estern fresh, solld-packed. creamer. fancy,
specials. Ki . extra, 31, , extru firsts, oOc. .
ilrsts, 2'4tr-''1A-, cconds, 201127 4c; ladle
packed. 21n-7c . a to quallt). nearby prints,
fancy, 34c. da, average extra .12H3c.. do..
flists. SuttSIc . do., seconds, 27tj'-'8e Special
fancy brjnJi of prints Jobbing at 3S440C.
K4U1S. Flni fresh eKifd well cleaned ut
and steady, but unaltraulvo ttock dull and
weak In free tases. nearbv extras, 31c per
dot . nrarb) firsts f'tl pr standard case, i
nearby current receipts J7 2(a7 5(i r stand
ard vase teui extia Ilrsts. fS 111 per case,
do. Ilrsts. 7 27'0 per case. do., seconds.
Jil t.igiMM :er case. Candled and rccratd
fresh eggs were Jobbed out at 3337c per dux..
as to quality.
ClIKtiSK. Offerings moderate and values
steady, but trad qulot New York, full-cream,
choice, liittSllttic.: do., do., fair to good, i&C
ISc.) do., part i1bu, Dtflta,
ll.SOfi.l. cranberries,
per crate, si twf, cranberries. Jersey. pr
crate uarK. i.,oi....v: ngnt, sitfl.'.'o.
Huckleberries, per tit, 4Cc 1'eachos. Vir
ginia, per 20-lb. basket. 25M50C, do, do., ror
crate, 78c.SJJI.25, do., Delaware and Maryland,
per basket. 25j 75c. ; do., do, per crate, T.V.ti
JI.25: peaches. New York and Fennsvlvanla.
per basket Large white or yellow, .Wff7Sc .
medium, BOif-We.. peaches, Jersey, white or
yellow, per s-bosket Kxtra large, 75We..
medium, 10g:!Oc, Pears, nearby, per bbl.
llartletrt. No. 1. (SS..V); do., No. 2, J2.5i5.
3: Clapp's Favorite, No. I. J.7.601 60, do.,
No. 2. J2.5nfl.7: other varieties. J2US, pears.
New York Seckel, per hbl , Slfj.1; pcara. no rt
lett or Seckel. per hush. basket. Jlt.7.1.
filapes, New York Cuncoril. Pr N-b. basket.
Iijl5c.: do., per 4-Ib. baskot. K8Mc.. Niagara,
per 4-lb. basket. SSlOc ; Delawares, per 4-lb.
basket, 12ffl0c ; grapes, Concord, per crino,
40fjr0c. Plums, per 8-lh. basket. fl5aj.
Cantaloupes Colorado, per orate, JI'Tl.,"!. do.,
do., flats, BOgfOc. Watermelons, Jersey, per
100. J10U25,
VEGETABLES
White potatoes quiet and barely steady. Oth.
er vegetables In fair demand at quoted rates.
White potatoes, per bush. I'ennslvanla, 5H
l.tc; New York, MKiKSc. . white potatoes), Jer
sey, per baskot. 3.15j-40c.: sweet potatoes. East
ern Shore, per hbl No. 1. Jl 7382.7.1. No 2.
7.1. .flU sweet potatoes. N. c, per bbl. No
1. II 7.182. No 2. 7.V.WJ1; sweets. Jeraev. per
bbl -No. 1, J2&0-SV 73. No. 2 Jl..V&il 7.1.
inrcu
per
Jersev.
bush.. IftS.lOo
New York.
per 4-lb. basket,
per basket. 41H5.1c. Onlof",
W : do., choke, ner HVl.lh
medium, per IflO-lh. bag, 754ili.
lestlc. per tons. 112911. Celerv.
x'Ki ,.uii,i iirtjtiuv. atustirooms,
r si. do..
Cabbage, domestic, per tons.
CONDITIONS BETTEn.
"Where a row of properties are In ono
ownership and are adjusted together, a
decidedly better condition Is Immediately
manifest, ns can be seen In properties
covered by this award, 2603 to M30, in
clusive, Kensington avenue. These prop
erties have been adjusted at one time
by the Handy estates and look extremely
well. In a scattered ownership and a
shnrp drop at the end of the street, with
some owners malting tno cnange even
before the award Is paid, and others al
lowing the unsightly temporary wooden
steps to iitnnd for a long time, so that
an unsettled condition spoils the street,
buyers and renters are not keen to get
Into the locality.
This is very apparent on Frankford
avenue, north and south of Lehigh ave
nue, and will also bo seen In the section
under consideration.
ANOTHER UEPOHT SOON.
Testimony has been heard by this jury
also on C street, Tusculum street, i
Sterner street, and on the Bromley '
Mill, corner of I.ehlgh avenue and B ,
street. Awards will be embodied In the
next report.
The city of I'hlladelphla and the Phil
adelphia and Heading lUllwuy Com
pany have agreed to waive an appeal on
the" properties contained In this report,
and up to this date only one appeal has
been entered by an owner. On October
6, being 30 days after tiling the report,
said awards may bo confirmed abso
lutely by tho Court of Common J'leas
No. 4.
NOTES OF THE STREET.
The transfers thus far for the week
show most activity In West Philadelphia
and In the northwest section.
Totals
Flenrea revised.
Among the more Important changes In
dividends, as compared with the same
period a year ago, were:
OMITTED.
American Shipbuilding preferred.
Aurora Electric and Cable common.
Cmtral Coal and coke common.
Colorado and first preferred.
Cities' Service cotnmon.
Cities' Service preferred.
Colorado and second preferred.
Dominion Steel Corporation.
International Harvester corporation.
Mexican Petroleum preferred.
North Butte.
Ilcmlngton Typewriter cmnrnon.
Ilepublie Iron and Steel preferred.
t'nltcd States Cast Iron Pipe preferred.
United States Smeltlns and Hennlng common.
SMALLER PAYMENTS.
American Impress.
Anaconda Copper.
llastman Kodak.
Nlpisslng Mines.
New York Transit.
Now York State Hallways common.
Southwestern Pennsylvania Pipe IJne.
Capital Traction.
Union Pacific.
Following are the combined steam rail
road and street railway dividend pay
ments by months:
inn. mm.
January $41.12.!.tfl J-U.b-U.i.VJ
i l etiruary -i.-w.y.u.-,! -1, .', -,,
March 2ii.SJ3.3s7 27..124.S7S
I April 4il.iH7,4S:i 47. :iiti,Wi:i
!m.v 1I1..-.IG.721 ltl.HM.22l
June 17.244.7TO 2l)..Virt.VKJt
July SVJ.1CI121 42,0.11,22-l
August ..'. 3tl,BSi2(liJ .71.63I.7U7
September 25.710.4s7 -".". sit). 4 111
October 32.271, 47'i :1.'.,0I2.H70
"'Tcstals J20i',105.SI7 'i.'li:i,.',iH.'J5'J
N)v ember 2rt.4'n..vn
December '. 11.507,220
Total for jear ."" 777777. ... SSl.L'Ol.tKKi
BOND EXPERT OPTIMISTIC
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 the tlnanclal district
took occasion to express Ills extreme con
fidence In an early general resumption of
financial trading throughout the country.
Mr. Allen was formerly connected with a
large banking house here antl Is con
sidered an expert on bonds generally.
"There is every occasion for optimism,"
said Sir. Allen. "Investors generally aro
eagerly looking for whatever offerings
they can get of high-grade securities
having attractive yield. That this de
mand exists Is very much apparent, in
view of tho recent oversubscription of th
New York city note Issue. I venture to
say that if the names of those who want
ed pait of that loan were made known.
It would be found that the laigcst per
centage of the inquiries cumo fro mln
dlvtdual Investors anxious for a safo,
conservative Investment.
"They have the mono, and all they
want now Is the- security offering. Tho
outlook, to my mind. Is brighter than for
many vvet'ks, and Investment bankers have
every reason to be optimistic.-'
under" f.
being
thrown around tho house Indiscriminately
tho Pennsylvania State Flro Marshal's
olllco considers It an opportuno tlmo to
call general attention to tho dangers of
such practices.
Tho department In the last two years
has Investigated the causes of more than
16,500 fires In Pennsylvania. It makes
tho assertion, In a statement just Is
sued, that of this total GO per centt, or
nearly 10,000, of theso llres wcro duo
"entirely to carelessness."
Accordingly, tho Fire Marshal has di
rected his deputies and tho llrst officials
In the various municipalities In this Htate
to at once begin a "safety llrst" cam
paign. One of the department's sugges
tions Is that the 1,332,234 scnool cniiaron
In the State be taught the chemistry of
rile as well as Instructed In lire drills.
Tho Fire Marshal says:
Tho work of fire fighting can be materially
lessened by working for flro prevention. More
attention nnd earn should be given to the con ,
atruttlon and material used in new buildings (
and the removal of old and dilapidated build- s
tngs, wnirn are nru iraps auu a. ,.v.ivw -w
other property. . . .
In this work every one, whether he belongs
to a nre company or not, aliould be Interested,
nnd by his example and efforts encourage the
n'lijhhor and others In the work. Individual
numbers or associations formc.1 by the mem
bers of flro companies should make frequent
examinations and become thoroughly familiar
with tho construction of buildings In their rt
spettlvo districts, and whenever or wherever
buildings are found especially liable to flro and
aro so situated as to endanger other property,
or where nny trash or rubbish has been a lowed
to accumulate In or about buildings, which by
ItJ liiNHniniablo nature mlRht cmise fire, then
either by persuasion of thu Individual or as
s' elation or by reporting to the proper au
thorities, sec that tha aamo Is removed or de-
"liwh'ls way many causes of fires will bj
eliminated and consequently therf will be s.
saving of pmrwrty. Let fire prevention start
with a general cleaning mi ami a destruction
o- removal .if all tiro breeding material and
the advocating of better construction In build
lngs. A movcniint Is under way to organize
a new casualty compuny In Philadelphia
and the promoters ure endeavoring to
Interest bank ortlcials.
The Penn Mutual Life has, allotted an
Increase In dividends for J914 above the
customary gain for advanced age, wnicn
will give an Increase in dividends to
policyholders of from IHi to 13 per cont.
over last mar.
The Zurich lleneial Accident and Lia
bility Insurance Company has Just ap
pointed tho olllce of Charles L Mather as
managers for Philadelphia and vicinity.
TSTOTES OF THE RAIL
Presidents and counsel of several East
ern railroads met in New York today
to plan fc." the reopening of the Eastern
rate cns before the Interstate Commerce
Commission on October 19. Witnesses will
probably be put on the stand to de
scribe specifically how the European war
has created an emergency in American
railroad affairs, and to describe the ef
forts the railroads have made to carrj
out the suggestions of the commission
as to conserving net revenues It Is
understood that President WUlard, 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 late advances within
one month, now say it will require two
months.
Three directors were elected at the an
nual meeting of the New York, Ontario
nnd Western Railroad to till vacancies
They are Lorenzo M. Ciillett. of New
York; F. I.. Lovelace, of Niagara Falls,
and Francis L. Maxwell, of Rockvllle,
Conn. The latter Is a director of the
New Haven.
The third new freight locomotlvo of
the L. I S. type haB been completed at
the Juniata shops of the Pennsylvania
Railroad. These locomotives aro tho
most powerful In the company's service.
DIVIDENDS DECLARED
Imrcrlal Tobacco vomp.tn), of Canada, reg
ular semiannual :i per cent, on pre'crred and
2 per cent on ordinary.
I'nlted Ilallwas and Electric Company Bat
tlmure. regular ,u.irtcrl 50 finis a share
on common payable October L7 to sio. k ..f
rrcord tn totter II.
Cuntlncnt.il Puper llac Compan. regular
quurterly IS icr ert on preferred and vom
tn.m, pavable today.
Ileecr Uuttonhnlo Machine Companv. regular
quarterly .V per cent., IntHrithtU.nal Uuujn
holc Machine Company, regular laaiinij 1
per tni . and Hecceroldlnff Mi hlne 'om
pany. regulir quarterly 1 per . .'nt ii pay
able October l' to stock of rxcord i.ibtr I
Ulobe-Wrniikc fiitipmi), icgu ar .iuatiry
li icr .ent. on preferr-d p,ivai,ie n. to .er 11
t..'ttik of record September '-
hupplee-ni.lOK naruwuro jnii,an. u. ,ur
terlj dividend of 1 per ieht i.n pre rrd
livable OcMber I. , .
Iielnvvort'. La. Kan anna and vvcut, ro i ,al
tompani. regular quarterly i'j i-r n ts
alii. October 15 to mo k of recoid ' t- oer '
ttdlring directors of tha compain nee re
Standard Milling Company, rcgulai sei
I ariiua! SS 1'er vent on I referred. pavaMe o. -
inter si
S,urlll.'s Corporation tleneral. a yuai t y
Ii j ,'er .nt. payable Oiober 15 a ato. k of
re.-,Td si temher .10.
soc.fJ41.ui.
POULTRY
I.H K. Quiet, but steady under moderate
offerings. Tow Is, 15ffl7e ; old roosters, 12vj
He; spring chickens, according to quality, II
tfl7c; du.ks, 12j I.V.; gulnras per pair,
vtung, weighing 2 lbs. and over apiece. 70c.;
do, weighing UjSl lbs arlfce. i?oJ5o.; do.,
weighing 1 Ib. apleve. 30c.; old, Jhc ; pigeon.,,
per pair, 17S18c.
1IHKSSKI) Demand fair for fine deelrabl.
sized stock, values of which well sustained.
Krcss-klllcd fowls. Western, per lb . selected,
heavy. 21'jc.; fancy, weighing 4vj95 lbs.
apltce. CHac.; weighing 4 lbs. apiece, 20c ;
weighing 34-j lbs. splete, 17(tj.lSc : weighing 3
lbs ami under aple.e lc old roosteis. dry
picked. i:tic broiling chiikens nearby,
weighing lv 'u'l lbs apleic 204 22c . do. talr
to good likilSi- , chick. n, western 4 lu.
nd over apU.e II). .do oc . 2' .SKI lbs.
apiece. 11c , broiling .'bu-kens, Western.
J'l,l,n laS lb . 1741 ISc , do . fair to good.
J.'ifJlc . squabs, per doi while, weighing 11
8ri2 Iba por doi.. 5.7 aii i'l- white, writhing
BIO lbs. per do.. 2 75i 1 Tt. whit, welsbuig
In the Sheriff's sales advertised for
Octuber 5, West Philadelphia and the I
southwest section have one-thlrd more I
properties tnan tho rest of tbe list, which
is widely scattered.
Seventeen properties war, sold. Nos. Z
to 49 J-'outh 4Sth street, and J0-3S-27 to 41
South Fallon street, by Frederick C. '
Mlchaelsop to P. Clement Ely. They are I
two-story dwellings. The market has de- '
t-ldedly a firmer tone, and Is broadening.
LESSOR.
THE MONEY MARKET
Call.
K
7
Time,
S
Philadelphia
New York
Boston ....
Chicago . .
Philadelphia-romnifr.-lal paper, thrca to six
months' maturities. 7115 per cent.
LIVE STOCK QUOTATIONS
I'llp Willi Sept o. ilOvjrf Rtveipts. 20.0.O
Markets .1 to IOC I .uer. Mixed and hutehera
i2,tq02ii gn..l heaij, S70S0.7. rougn
The Strength cvf the
Corn Exchange National
Bank Philadelphia
Ver doi.,
.7iS5i
42,25ij2.40 do
do., 7 Iba. per
he.iv 7MMfsiJ3 light $s 4060 OS. pigs. .
8 2S, bulk O.Va8.7.1 l-ATTlTE-IHtelpU. 14.
CrtV Market steady to 10c lower. Beeves.
UIWll cows and heifers 7 7S SO t, k
ers and feeders tMH 20. T,wu. XT 10 K Ml
calves. si)bflt.aO. SHKEl'-Heelpts. Tt ei
J.,V'2&,-'-:!sP:-4Ql S?,' fl" IM'.Mf 1 ". 0i"ll.50. SHEEP-fteelpts. rtmm
oivJ,51?' $- $ ,l0Ji-,bi-..V d- MarlwU weak. Natlv gBl Western. 3.2j 1
I II.2591.M; dark and No. v0c.eU.10. 5.7,; UuAr.90t7.86, . v J
lies in the firm hold 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 Accounts
Two ureLs' nutkc to draw
Chestnut St. at Second
H
.
,.v:.
- ?..-. l?t-j J Jhtto'tft .