o
EVENING LEDGER-PHILADELPHIA, SATURDAY, OCTOBER 31914.
15
FINANCIAL
ANOTHER WEEK-END
SEES FINANCE MARTS
IN BETfER CONDITION
Fewer Trading Restrictions,
Brighter Chances for
Freight Raise and Gold
Shipments, the Bullish
Factors.
A weekend report of much encourage
ment to the flnnncl'it markets told ot
forulgn Inqulriea for American securi
ties. It Is understood that New York In
vestment hanUcrs hml sold Ions-term
lilgh-grade railroad bonds to London In
vestors, the latter recognizing the
greater stability and more attractive?
yields of American tccurltles. Therr
tvero no actual sales reported here, but
It Is known there have come favorable
Inquiries from abroad, Indicating th.
bettor general feeling prevalent In the
'foreign markets.
iYTradlng locally eased off somewhat to-
; as Is usual at the week-end. In
tlirles continued coming Into the brokcr
nge odlces but the volume of actual
Bales was smaller than yesterday. Traders
are expecting more activity to develop
In the next week.
There Is no doubt that a gradual bet
terment of affalrw Is taking place In tho
financial markets. The outlook for a re
sumption of Stock Exchange dealings Is
brighter than It has been since European
ttllitles began. At Chicago, tho dead
' lock Imposed on tho domestic bond mar
wet has been broken, and tho bond houses
of that western centre have been started
on tho road to drum up custom and ex
hibit wares. Not much Investment busi
ness Is expected for a time, but, never
theless. It Is encouraging to be able to try
for business, which was not permitted
when the great crasn in the usunl ma
:hlncry of credit nnd trade took place.
fi The New York Stock Exchango authori
ties have also allowed Its members to deal
with non-members. Concessions In prices
i from the closing figures ot July 30 aro
also permitted, provided they are not
great enough to disturb general credit po
sitions or depreciate too much collateral
jheld nt the banks. Under theso relayed
i conditions there Is said to bo quite u
Afalr business doing, all of a cash Invcst
VVnicnt character.
1 i Individual positions have been slightly
relieved, nnd It has been demonstrated
,1-hat a brisk real demand exists for good
,1 bonds. There has been, of course, an
U accumulation of capital during the clos
,1 uro of AVall street to all channels of In
I vestment.
j, ONLY" ONE FAILURE NOTED.
I The New York Stock Exchango ha.
sclcarted up the JKO.OCO.OOO of its contracts
'. u.. lim v ILdllllo uwuci. WUIJ.MIU.llb "lien
Tjjthe board closed. Only ono failure has
ccurrcd during the suspension period. It
was generally agreed, before tho war
ame, that the Street was In good shape,
with speculative commitments at a mini
um and most houses In strong conul-
lon. SInro the closing not a few bank
oans havo been paid oft by the brokers.
There aro optimists among the bank-
rs who believe that It will be possible
to reopen the New York Stock Exchange
by November 1. under certain necessary
restrictions and conditions.
T3lnnn InnUlnp. In- tills n itnrlpr nnn-
Slderatlon by the financial leaders, and
ipronamy mere win oe enougn oanxing
co-operation secured to maka It possible
to start trading In a small way by that
time. If such an experiment works our
satisfactory, the barriers to perfectly
fire trading will be gradually removed.
There Is a growing hopo that the rail
roads will be granted this plea for freight
rate Increases. The Iiwestment Bankers
Association of America has appointed a
committee of 20 to go to "Washington for
the hearing on October 19. These com
mitteemen will present tho side of the In
.veBtnient denlers and investors In the
ease as It has never been put forward lit
,)4iiy of the previous hearings. Tills Is tho
new phase, the Importance of which has
' been emphasized by war results and
.which President Wilson has publicly
Tchnu'n tin hits rpncnizerl nnrl svmnn.
thlzes with.
PUBLIC UTILITIES
The New Jersey Public Utility Commis
sion today granted Its approval to the
Bewell Water Company for the Issuance
Jof $22,500 additional capital block. Thfc
(money will be used for improvements to
me company s property.
fine application oi me ueiaware ana
Atlantic Telegraph and Telephone Com
pany for the approval of the ordinance
passed by the township of Mantua, cov
ering construction of the company's sys
tem, was also approved.
The commission also granted Its ap-
provat of the ordinance passed by the
Trenton City Commissioners allowing the
American District Telegraph and Mes
senger Company to lease wires owned by
other companies In the city.
Operating returns of the Common-
iWealth Power. Railway and Light Com
pany showed an Increase in gross earn
ings of nearly li per cent, for August,
Wlille net earnings were over 12 per cent.
greater than for the same month lutt
vear. Fur the 12 months ended August
U gross and net earnings were tho
largest since the company was organized.
Directors have declared the regular quar
terly dividends of 1 per cent, on the
omnion stock and Hj per cent, on the
preferred stock, both being payable No
vember 2 to holders of record October 16.
The Southwestern Power and Light
Company, the Texas subsidiary of the
General Electric, reports for the year
ending June 30. 19H, gross earnings of
J561.7C0. an increase of $S,000 as compared
with i similar period In 1313. The net
earnings from the properties owned are
more than 2W times the bond interest
charges ond the surplus earnings of the
Properties controlled through stock
ownership are more than 3j times tho
Interest charges.
FINANCIAL BRIEFS
The Westinghouse Electric and Manu
facturing Company employes, with the
exception of laborers and shop workers,
have sustained a cut In wages of eight
per cent. The reduction applies to em
ployes of allied Interest also. It Is under
fctood, and is effective from October 1.
Tenders will be received by the Hank
of England, beginning next Wednesday,
for an issue of $75,000,000 treasury bills,
which constitute a war loan. The bills
will be dated October 19 and will be
payable In six months.
The Imports of general merchandise at
the rnrt of New York for the week end-
II"? pfr'emTl' 28 wer liB.53.0l. ns mm.
V r. red With IltlllifB tho nr.iin .lf
'1 IT 9? ' ft a ,...
, Xi- T -tt-1 F-atP. FJ'Ishlre P-niuanv I
'"" rat rear end ? Ju 30. f
"juai'-a
I J85.5S
li
AND COMMERCIAL SITUATION AT HOME AND ABROAD-MARKET REPORTS
FEDERAL RESERVE BOARD
NAMES NEW DIRECTORS HERE
Director Norrls and Richard L, Austin
Are Iocal Appointees.
The Fertor.il Rescrvo Board yestetday
announced the appointment of Richard
L. Austin, president of the cllraid Na-
. ?.". Hank' p""Sc W. Norrls, Direct r
of Wharves, Hocks nnd Ferries, and
George M. Lamontc, of Uouml Hrook, N.
J., ns class "C" directors for the Fe.ltial
Reserve Hank to be located In Phllndcl-
bhifl. This rnmnlAtAa !, Ka,.1 f Uaa.
tors of this city's reserve bank, the other
oi. iiiumuers naving been elected sumo
time ago. Of tho nine directors five are
from Philadelphia,
Mr. Austin Is to be Federal Rescrvo
agent nnd chairman of tho board of dl
rectors. Mr. Lamonte, who Is Slate
Banking Commissioner of New Jersey,
will be deputy reserve ngent and vice
chairman of the board of directors.
The other directors of Philadelphia's
reserve bank nro Charles J". Rhoadp, vice
president of tho Qlrnrd Trust Company!
William H. Peck, Sctnnton, nnd M. J.
.uurpny, ecranton, ,all class "A" direc
tors. The class "B" directors aro Alba B.
Johnson, president of the Baldwin Loco
motive Works; cx-Qovernor Edwin S.
Stuart, Philadelphia, and George W. F.
Gaunt, Mulllci Hill, N. J.
To complete organization of the board
of directors of the Federal Reserve Bank
of Philadelphia, a meeting of tho entire
bonrd of nine members will be held In
this city some time In the early part of
next week, said Mr. Austin today. He
added that the date on which the meet
ing would be held had not yet been defi
nitely decided upon.
WHEAT GOES HIGHER ON
FOREIGN SHORTAGE REPORTS
Beports of Disaster to European Crops
Influence Advance.
CHICAGO, Oct. 3.-Surprlslng strength
was shown In tho wheat market today.
Yesterday's sellers scrambled' In competi
tion for light offerings. A prominent
miller, who has Just returned from
Liirope, said that prospects for seeding
abroad were poor, as a result of wire
spread seizing of farmers' horses and
feed and Incompetent and inadequate
labor, ns well as dovatatlon. Merchants
and millers at Liverpool continue heavy
purchasers of wheat, nnd consumption
abroad continues on a heavy scale. The
shortage In some countries that are not
being supplied Is becoming acute. Cash
sales were 6S.00O bushels. Futures closed
73 iu i cents nignor.
Corn also was strong. Cash sales were
53,000 bushels. Futures closed IV, cents
higher. Confirmation of enormous ex
ports of oat3 here, along with the fact
that there was an overextended short In
terest resulting from yesterday's late
slump, made that cereal strong. Cash
pales were 163,000 bushels. Futures closed
l'i to 1 cents -higher.
Provisions were strong. Packers nnd
aborts bought October lard and started
others buying other items.
Leading futures ranged as follows:
,., . .... Yesterday's
ttlic-U Open. HlKlt. Low. Close. elo.'o.
December .. 1.0714 1.CSV, 1.001', fl.OS U.OSli
My 1.14'i MS MS; ll.HH M.U;
Corn (now delivery)
December . . r.7'4 rin r.7 'fiR'S, tow,
May 70'i 70)i U94 tTO"i 'ftSti
Oats
December .. 45ti 4S'i 47". !$',; 47'J
Mny 51U B1H r,0i5 3l 50!i
Lard
October ... D.43 !..r,7 O.4. t".57 10.12
November .. !.M .() !i.B2 n.m HI. 17
Janvary .... 0.77 0.00 ti.77 D.D0 10.77
Ribs-:
October .... : lO.SO 10.00
January ... .10.00 10.15 10.00 tl0.13 0.03
1'ork
October 'lrt j iu.r,n
January ....10.00 10.50 10.00 19.13 10.02
Bid. tAsked.
PORT OF PHILADELPHIA
' SUN AND TIDES
. 5:3Sa.m. Sun sots... 3:41 p.m.
PHILADELPHIA
,12:47a.m. I High water. l:0Sp.m,
7:34 a.m. Tow water. 8:10 p.m.
HEEDY ISLAND
0:37 a.m. I High water. 10:13 p.m.
4:12 a.m. Low water. 4:37 p.m.
BHEAKWATEU
7:30 a.m. I IIlKb. water. 7:35 p.m
1:13 a.m. Low water. l:."7p.m.
Sun rises.
High water
Low wuter
HIkIi water,
Low water,
Hlffh water
Low water
Vessels Arriving- Today
Str. Dakotan (Am.). Hllo, Hawaii, via Pan
ama Canal, sugar. Docked Spreckels Sujar Ite
flnery. Str. Manchester Mariner 1 Br.), Manchester
via St. John's. N. F., merchandise, Charles M.
Taylor's Sons.
.Sir. Adolro (Span.), Huelva, Spain, ore, I,.
Wcstergaard & Cp.
Sir. Urecian (Am.). Boston, passengers and
merchandise, Merchant and Mariners' Trans
poriatlon Company.
Str. St. Andrews (Nor.), Cuba via New York.
Munson Line.
SAILING TODAY
Sir. Dominion (lir.), Ingham, Liverpool via
Qucenstown. American Line.
Str. Sninmerstad (Nor.). Axclten. Oalveston,
Y. J. GrandrleM & Co. (re-clearance).
Str. Orn (Nor.), Rewnes, St. Ann's, Key
stone Plaster Company.
Str. Quantlco, Thacher, Boston, Merchants'
and Miners' Transportation Company.
Srhr. II. P. Pendleton, Morris, Point a Pltre,
A. D. Cummins & Co.
Schr. CharlM A. Campbell, Pierce. Banaor.
A. l. Cummlass .t Co.
Steamships to Arrive
PASSENGER.
Name, From. Sailed.
Merlon Liverpool gept. 21
California Copenhagen ...Pent.
Mongolian Jlasgow sept. 20
FREIGHT.
Calcutta
Manchester ..
Huelva
Calcutta
Stavanger ...
Cardiff
Mlddlesboro .
Mlddlcsboro .
l.onrinn
...... .Manchester ..
Kow ey
Hartlepool ...
City of Durham
Man. Mariner ..
AdoUo .-...
SturmfeU
Cauadia
Zerenbergen ...
Narvik
Rapldan
Missouri
Jinn, Miller ....
rorrlstou ,
Solborz
..Sept. 1
,.Sv-pt. to
.Sept. 14
.Sept. -.Pert.
13
..Sept. IS
.Sept. IS
..Sept. SO
.Pept. 22
..Sept. 21
.Sept. 23
..Sept. S3
.Sept. 20
.Sept. 20
.Sept.
.Seit. HO
.Sept. VJ
..Sent. 2!i
.Hept. 2:1
.fept. 20
.Sept. Vn
..Oct. I
Minnesota
,i-ort Antonio.
Stalhelm Burnt Island.
wnrlcy I'lrKerws mo. Janeiro. .
crown Point i.onton
Hum for. I
. .Santiago ,
Mtriteres .,
MuiJek
Mlssnurlan .
Vatconlu ...
South Tolnt.
. .Miitiva ..
..Narvik ..,
. .Hlln
..Kayal ...
. .-Savannah
Steamships to Leave
PASSENGER.
For.
,,,., Naples
, Liverpool ...
Name
Stapipalia
Meriun ...
MunoPan
California
Date.
..Oct. fl
.O.t. 1Q
..Oct.
..Oct. ia
..... .Glasgow ....
Copenhagen
FJIKIGHT.
Christian! .
...... Rotterdam ..
.... ..Manchester ..
London
London
......Lcllh
Canadla
Zyldlk
afau. Mariner
Stait Point .
Missouri ....
tapldan
..Oct. ti
..Oct. 9
..Oct. 10
, .O.'t. HI
.Oct. 14
.Oct. 16
PORT OF WEW YORK
Vessels Arriving Today
Name. From. pocked.
Napoll Palermo Sa.iu.
St. Louis ..Liverpool 2p.m.
France) Havre 0r..m.
Steamships to Sail
Name. For. Date.
Vaderland Mverpool. Oct.
KrlstUnurjonj Bergw Oct. u
Noorilam Rotterdam Oct. u
Napoll Naplea Oct 0
Sant' Anna MarMlUos Oct. 0
FREIGHTS AND CHARTERS
Mirterata tciulry with aqinle tonnage to met
it kcep the steam market quiet" In all trades.
Rittea remain steady. Ttio sail market U at a
standstill.
Steamships
Danlisl. iBr 1. Bj!tlmor to Bordui, oats.
IS 110 rurtcr. 2s. 4'd prompt
Kotshelm (Nor). New York lo Scandinavian
ports, p'trottum, 11,000 tarrelj, at or about 6s,
;;1 it tnber.
nnistofl (Nor I. etmo.
iuPMUlSir' J IT t"f. New York and
Pr' l 'ttsae-. r r :- j tr ff. ft'a') l-rtrs,
. . i i rrt'r t n. r "I tr n nr n --. i
tf
i'Xrts.uHo r.an. mat Pug
RADICAL MEASURES
NOT NECESSARY TO
HOLD U. G, I. ASSETS
Securities of This Distinctive
ly Philadelphia Enterprise
Maintain Their Stability
Because of Its Capable
Management.
When shareholders, on October 15, re
ceive checks for current dividend of tho
United 0ns Improvement Company they
will have renson to congratulate them
selves that their money Is Invested In a
concern which did not llnd It Imperative,
because of the disturbed financial con
ditions, to conserve Its cash assets by any
radical measures.
Of the long list of enterprises financed
by Philadelphia capital the United Uas
Improvement Company Is anions tho best
known, not only becnuse of Its success,
but largely bit account of the conserva
tive nnd capable management which has
made such success possible. In the bus
iness world the company ha3 earned an
enviable reputation, and Is considered
ono of the strongest corporations of Its
kind In the country.
'Any of our citizens vlsltlnB In Concord,
N. M.; Sioux Falls, S. D.; Syra
cuse, N'. Y., or 1'ensacola, Fla., would
probably be led to comment on the ex
cellent lighting service In those cities,
and, Indeed, would bo still further sur
prised to learn that each ot the systems
represented Philadelphia capital and en
terprise. PHILADELPHIA ACTIVITY
In the present troublous times It might
bo well for rhlladelphlans to take cog
nizance of their various activities and to
more particularly realize tho Importance
of the part played by our leaders of fi
nance In the present emergency. With
the exchanges of the world closed and
Investors figuring as to tho Intrinsic worth
of their securities. It is interesting to'
note that securities listed on the Phila
delphia Stock Exchange havo suffered
less probably than those on the New
York board. The reason for this Is ob
vious. For some time past there has not
been much speculation In Philadelphia se
curities. They have gradually hcen
passing Into hands of purchasers who re
gard them ns permanent Investments, nnd
who ure not apt to part with them on any
little marltet fluctuation.
The United Gas Improvement Company
was organized Juno 1, 1882. and reorgan
ized May 8, 1S83. under an old special
charter of on omnibus character. It Is
not surprising, in view of the privileges
conferred, that the sagacious rhlladel
phlans connected with this company
have achieved their unprecedented suc
cess. However, they havo stuck pretty
close to the building, purchasing, leasing
nnd operating of gas works and electric
lighting plants, and nt present operate In
about 40 cities, extending from Concord,
N. H., to Pensncola, Fla., and from
Philadelphia to Sioux Falls, S. D.
EARNINGS ARE LARGE.
The raising of the capital from J11.J00 -000,
which this company maintained
In 1S07, to $55,502.01)0. the present figure,
has caused the stock to sell In the mar
ket for less than It did In the earlier
clays, but It apparently now earns $7,471,
107 per nnnum on the present capitaliza
tion ns easily as It earned $1,121,300 on
the capitalization In UD7. During this
period the stock has furnished the
brokers on tho exchange with some ex
citing movements. Between the years
1807 and 1002 It moved between the limits
of 73, the muximum, nnd 70TJ, the mini
mum. During this period, however. It
gradually began to be recognized as
what Is commonly known ns an "Invest
ment" Issue, rather than speculative.
Such market movements have become
more and more limited until. In the pres
ent year, they show only six points be
tween the high and low, which Is SC
and SO.
The policy of the company In the past
has been committed to keeping the divi
dend at S per cent., although It is well
able to pay 10 per cent, conservatively,
the earnings for the last four years be
ing on an average of about 13 per cent.
However, stock allotments have been de
clared from time to time, which has In
creased revenue of the stockholders sub
stantially. The last of these extra disbursements
was In March. 1910, when an extra stock
dividend of 10 per cent, was paid. At
the present price, clote to 50, the cash
dividend annual return Is 5 per cent.,
while tho stock subscription privileges
attaching to the security from t me to
time have in the past greatly enhanced
Its value to the holder. With a balance
at tho present time In the profit and loss
account of more than j27.00o.000, it would
seem, therefore, that holders of this se
curlty need have no apprehension becaus
of the present generally disturbed tina
clal condition.
BROKER.
NOTES OF THE RAIL
Conduits are being laid by the Pennsyl
vania Itallroacl between Broad Street Sta
tion and I'aolt in order to place the tele
phone and telegraph wirps tinder ground.
The work Is In line with the company's
electrification of this part of its system.
On the New York division, between Jer
sey City and llahway, similar work Is
belns done.
A contract for upwards of 15,000 tons of
standard section rails is understood to
have been placed with the United States
Steel Corporation by the Southern Rail
way. The gross earnings of the Wheeling and
Lnko Brie for the year ended June 30
wre $7,637,346; net. I2.3UJ.S04; operating In.
come. $1,95.U73; total income, 51,721,316; def.
Icit, J&.07S.
Succeeding W. L. Bird, resigned. L. A.
Farquhar has been appointed auditor of
the Norfolk Southern. His office will be
Jrt Norfolk, Va.
DESIRABLE OFFICES
EN SUITE OR SINGLE ROOMS
MANHATTAN BUILDING
S, E. Cor. 4th and Walnut Sts.
FREDERICK SYLVESTER
7J0 WALNUT ST.
AiMIlTMtSNTS
ROYAL POINCIANA JE
"Sin Beuiul Suburban Environments,
? o er"J 0 room Housekeeping Flan.
1-n j verv kr.o- n rin-eoiewe , porchss.
D4V . .
ijr nrjTf'J" M'A. . Vt'l ftUHl OfiLl.
IM.Vail -He. S6th
PHILADELPHIA MA11KETS
US! '"
PROVISIONS
Tfade sloiv and market weak, with prices
of hoR product etnernlly lower. City beef, in
sots, smoked and air dried, aisr.12c.s Western
beer, in sets, smoked, Hlifr.Tici city. Iicf
knuckles nnd tenders, smoked and air dried,
H2ffMe.i Western beef, knuckles and tender,
moked, .'I2?.lle.i beorhama, 404S; pork,
family, $2(V827s hams, S. P. cured, loose, I.Mi
Ql.fc; do., skinned, loose, ISU18c. 1 do.
lo., smoked. 17iB18e ; other hams, smoked,
city cured, as' to brand nnd average, liff
lxe.; hams, smoked. Western cured, lTl8c:
do., boiled, boneless. 2i',fl27c. : picnic shouHers,
8. P. cured, loose, )2fMJ',lc. i no., smoked, l.'tMi
14c.i bellies, In.plcKle, according to nveraite,
loose, lOHfilTc; breakfast boron, as In brand
snd i crime, city cured, suattlc; breakfast
.bacon, Weitern cured. Mfl'JIr. 1 lard, west
ern. reflncJ, tierces. HfftlVic; do. do. do.,
tubs, lieil'Sci lard, pure rttjV kettle ren
dered, in .tierces, lltfllwc.j lard, pure city,
kettle rendered, In tubs, IlQIlHC
IlEFINED SUGARS
Trade alow and tho market favored buyers.
Standard granulated, fl.Soc; fine granulated,
O.TSe.i powdered, 6.8Sc; confectioners' A.
O.CJc. soft grades, 5,0oaJ.COc.
GRAIN AND FLOUR
WHKAT. Receipts, 57.841 hush. Market
firm and 1c. hither with bullish speculation
in all homo grain Centres. Car lots, in ex-
r?"t elevator. -No. 2, re.1, spot and October,
LQtirai.OOj No. 2, red. Western. $1.10Q1.I3;
No. 1. Northern Duluth. $1.10(31.10.
COHN. Ilecelpts, 4100 bush. Trade quiet,
but prices firm. Car lots for local trade, as
to ocatlon No. 2 yellow, 8tU282c. ; steamer
yellow, SiaftlUe.
OATS. rtccefpta, 32,182 bush. Prices ad
vanced He. with stronger Western advices
nnd a better Inquiry. No. 2, white, 111 U ft 02c. t
standard white, Stfjsme.; No, 3, white,
("& (g. I c
I'LOUlt, Iteselpts, 1080 hbls., 1,214,041
lbs. In spcks, Trade slow, but 111 limits well
sustained, In sympathy ulth strength of wheal.
Per 100 lhk. in wood: Winter clear, 4.00
iii d"-. straight, ft.OOfln.l.l; do., patent.
3.280.fl0; Kansas, straight, Jute sacks. J3.10
,.33; do., patent. Jute sacks, $.V40ffS.t;0;
sprirg, first, clear. 4.73l7.-.j do., straight, J5.10
f.40i do., patent, ?.".r,0Sj5.7n; do., faorltn
brands, filfH.fto; city mills, choice and fancy
patent, C40..V); city mills, regular grades
Winter, clear, SI.nOfJ4.8Si do., straight, $1.00
(J .i.l! do., patent, .1.2,i9S.60.
ItVE KI.OUH. Little doing; prices un
changed. Wo quote nearby and Western, In
wood, at if5f5.50.
FRESH FRUITS
Trade quiet, but values generally well sus
talnort under moderate offerings. Apples, per
bbl. Oravensteln, $t..".0tf2.2S Twenty-ounce,
Jl.5032.2r1i Blush, Jl.0B2.2o; other good eat
ing varieties, tl.n)f2...l; medium, $tl.60;
Crab. $4.5035: crab apples, per bush, basket,
tl.S091.7S; Apples, Delaware and Pennsylva
nia, per hamper, 30QA)c. Lemons, per box,
$,!K4. Grapefruit, Florida, per crate, $2.50J
4.CO. Tlneapples, per crate Porto IUco. $1.25
S;i.23: Florida, $lfl2.S0. Cranberries, Cap
Cod, Early Illack, per bbl., $4.30115; cranber
ries. Cape Cod, Early Black, per crate, J1.73W
2; cranberries, Jersey, per crate Dark, SLiuty
2.25; llsht. 11.25. Huckleberries, per qt..
4BSc Peaches, Virginia, per 20.b. basket, 30
QOOc. i do., do., per crate, 75c.etl.iS0: do.,
Delaware and Maryland, per basket, 25j75c.i
do., do., per crate, 75c.i3tl.25i peaches, New
York and Pennsylvania, per basket Large
white or yellow, 5041 73c: medium, 30040c.;
peaches, Jersey, white or yellow, per -basket
F.xtra large, 73c.tl'; medium, 10830c. Pears,
nearby, per bbl. Dartlett. No. 1, $45.50; do..
No. 2, $2.50-3-3; Clapp's Favorite. No. 1, $3.50
iS.SOi do., No. 2. $2.5083; other varieties. J2
JT3: pears, New vork. Scckel, per bbl., $3,500
4.50; pears, Ba.tlett or ficckel, per bush.
basket, $igi.75. Grapes, New York Concord,
per S-lb basket, 13JJ1.TC.; do., per 4-lb. basket,
Sfflflc.; Niagara, per 4-lh. basket, 810c.;
Delawares, per 4-lb. bn'ket, lltHCc; grapes.
Concord, pep crate, 40.fnoo.; do., do., per 20
lb basket, 401M3r. riums. per 8-lb. basket.
205?2T,c. Cantaloupes, Colorado, per crate, .fl
7l..V); do., do., flats. 50380c. Watermelons,
Jersey, per 100, $10825.
VEGETABLES
Market dull and without Important change.
White potatoes, per btith.. Pennsylvania, WS
0."c. ; do do. New York, 50i?r,.',c. : do. do., Jer
sey, per bkf., 354143c: aueet potatoes. East
ern Phorr. per bbl.. No. 1. $1. 7332.33: do.
00.. dn. do.. No. 2. 75c.iB$l: do. do.. North
Carolina, per bbl.. No. 1. t1.754rS: do. do., do.
do.. No. 2. 7Si.ff$l: do. do., Jersey, rer bbl.. I
,NL'. 1- $2.50172.75. do. do., do.. No. 2, SLSOW
.,. u'j. no., nn.. per DBl.l.. l.tTiWc.: onions.
Pit hush.. 4lW30c; do., choice, per 10O.lb.
bnc. $l; do., medium, per iiVMh. hisr, 73flnOc:
rahbnee. domestic, per ton. $12014; celery.
New Tork. per bunch, 103130c; mushrooms, per
4-lb. basket, $3Q4,
DAIRY PRODUCTS
CHEESE. Trade rfulet, hut prices steady
under moderate offerings. N. Y., full-cream',
choice, inijif? 10ic. ; do., do., fair to good,
l.r.iJB IHc. ; do., part kkims, 0fl;i4c.
IU'TTEK. .Market quiet, with liberal of
fering" at late decline. Western fresh, solld
parkod. creamery, fanry. special. 32c: extra.
30c ; extra nrsts, 2iu,4?cnc: firsts. 272S:.;
sccondc. 2.Vr2(ic.; ladle-packed, 21fi23c, as to
quality: nearby prints, fancy, S3c. : do., aver
age, extra. :iliB32r.: do., firsts. WSWIc: do..
ecnnd. 2(Wi27c. Special fancy brands of
prints lobbing at 37fl.'10o.
EGOS. Fine new-laid eggs well cleaned
up at steady prices. Mediums and poor stock
dull. In freo rases, nearby, extras. 31c, per
dot.: nearby firsts, $1.40 per standard case:
nearby current receipts, $7.20'd7.5n per stan
dard case: WCMtern extra firsts. $8.40 per case;
do., firsts, $7.2097.50 per case; do., seconds.
$0.i3fl.no per case. Candled and recrated
fresh eggs were Jobbed out at i!54?ft7c. per doz.,
as to quallt.
POULTRY
f.IVn. Trartu fair and market Arm
I Fowls, 15(ill7c. ; old roosters. ' licit 13c. ; spring
cnicxens, according to quality, urni.c; aucks,
12CM5C. Guineas, per pair Young, weighing
- IVB, HUM fci apnc, i"i. , ill.., wcigHllUg
H-ifitl"; lbs. apiece. flntH5c; do., weighing
I lb. iiplece, 50c. ; old, 30c. Pigeons, per
pair. 156i 18c.
I1KESSEII. Fine desirable-sized stock
ptetty well cleaned up at full figures. Fowls,
pr lb., selected heavy, 211.0.: weighing 4ViiS5
lbs. apiece. 20Uc: do.. 4 lbs. apiece, 20v.; do.,
314 lbs. apiece, 17818c. do., 3 lbs. and under,
lfic: old roosters, dry-picked. 13Ue.; broiling
ehlrkens nearby, weighing l'-jflS lbs. apiece.
20tt'.'i... broiling chickens, nearby, fair to
good, IBSlSc: chickens. Western, 4 lbs.
apiece, lflc: do., do., 3Va lbs. apiece, fat, ISO
tfic; do., do., 2H1?.-! lbs apiece. 14c: broil
ing chickens. Western. I'i4t2 lbs. apiece, 170?
IV : broiling chickens, Western, fair to good.
12914c; squabs, per doien White, weighing
II to 12 lbs. per do.. $3.0394.25; white,
weighing II to 10 lbs. per doz . $2.7.V83.50;
white, weighing 8 lbs. per dos.. $2.25fl2.40;
do., do., 7 lbs. per doz., $1.7.va-2; do., do., (MS
6"i lbs. per doz.. $1.2581.50; dark and No. 2,
60c.iatt.10.
LIVE STOCK QUOTATIONS
CHICAGO, Oct. 3.-HOGS Heoelpts. 6000.
Markets. 10 to 13c higher. Mixed and butch
ers. 17.0508. good heavy. $S.I1SSR.f.O. rough
heavy. 7.5SS.33: light. $8 4(Vf?s.(W; pigs, JflfJ
8.15. bulk. J7.00S.Ri. CATTLE-necetpts, 200.
Markets steady. 'Beeves. $7fr!l: cows and
heifers, $3.7330.35; Mockers and feeders. 13.83
fn.i.T: rexans, ei-rj.wt: caies. uxili-.
1IIEKP-Receipts. 30OO. Markets strong. Na.
,tve and Western, $3.2Bas.S0. lambs. $3.5iV?f
'7.80.
NEW YORK BUTTEH AND EGGS
NEW TOUK, Oct. 3. Bl'TTEn ftrm; re
celpts, 4017 packages; creamer)', extra, 01
score, 20tc.
EHOS Irrexular. receipts, 17S3 cases: fresh,
extra, flrsu. 271?'2ec : fresh, firsts, 24j-CiV.
Iin.41, KSTATK FOIt nK.NT
Germantown.
"In Beautiful
Pelham"
Semi-Detached Suburban Homes
FOR RENT
S-10 to $50 Per Month
Central plant heat, sas and elec- $;
trie llshtlnr. hardwood floors; deep ';
lots: select nelrhborhood. '.;
McCHntock & Weaver
Builders attd Owner :!;
2t West Phil-Ellena Street
II E IX. ESTATE FOB SAI.B
Ridley Park
RI D L E YPARK
On Ridley avenue, at the lake; new bunga
low; living, dining, model kitchen. 3 bed
rooms and bath; room for S rooms In second
story: hot -water htat. laundry, hardwood fin
ish, front and side porches: lot. 50x1 W; old
bade; lake Wen. price. 14200; only on left.
Only 1500 in cash required. Five minutes1
nalk from station. Telephone.
E. L. MOORE
917 South ISth Street. Phila.
nKAL ESTATB FOH RENT
VVeet Philadelphia.
1110 N. 41st St. $32.50
IJiBT BELOW UIRARD AVE,)
Porrh, 11 fumi and laundry, near park
and Ft-naylvaiila, R. R. Station la One order,
Kv 111.
H, I, BENSOV
SUBWAY LOOP UNDER
LOCUST ST. WOULD
INVOLVE MILLIONS
Creation of Avenue 1 50 Feet
Wide From Washington
.Square to Sixteenth Street
Among Plans Considered.
The Kvenwo; Lr.noEn places Itself on the
firing line, as far as proper public Im
provements Bo, but the creation of a
broad avonuo from Washington square
to 16tlt street, by the condemnation of
property for 100 feet north of the build
ing line, Is a much more serious proposi
tion than appears upon Ita face.
If It Is determined that the subway
loop can be placed to greater advantage
under Locust street than under Walnut
street: that tho conditions underground
are less encumbered by city Improve
ments, In the way of pipes, sewers, etc.;
that underpinning of heavy buildings
found on Walnut street will not be mot,
that the open cut method can be used all
well, we need tho subway.
If, however, the chief ndvantage Is to
bo an avenuo 150 feet wide from Wash
ington Square; to Broad street, to bo
known ns the "Locust Gardens," how
ever pleasing it might be to the eye, let
ua for a moment count the coat.
I'rtOI'ERTY WORTH MILLION'S.
In this strip of the eastern end ot the
Klghth Ward are approximately 160
properties, large and smalt. If the line
was run for the northern boundary ex
actly 150 feet north of the building line
on tho north side of Locust street, as
laid out at piesent, threo large prop
erties would bo partly affected, viz.:
Amount Assessed
taken. value,.
Feet. Inches.
The Art Club 15 0 $425,000
The Philadelphia Li
bre ry, now 20 feet
back of building line. .0 .. WW.OOO
The llacquet Club 10 .. 50,000
Total .$1,005,000
This Is a serious situation to begin with,
and would meet with very decided oppo
sition, even with the advantage of front
ing on a wide boulevard.
Other properties and assessed value In the
neighborhood are as follows:
Totnl
Number of Assess-
Locatlon. Properties. ment.
.-sortn sine lyx-ust St.. wasn-
Ington Square to 8th St.... S $60,300
North side Locust St., 8th
to 9th st 11 71,400
Noith ride Locust St., 0th to
10th st 9 01,500
North side Locust st., 10th to
11th st 9 01,800
North side Locust St., 11th to
12th st i 7 07,000
N'oith sido Locust St., 12th to
13th st 17 277,000
North Mde Locust St., 13th lo
Broad st 0 303,000
North side Locust at.. Broad
to 15th st 11 R30,O0
North side Locust st.. 15th to
10th st 14 600,000
ON INTERSECTING STREETS.
On Washington Square ft 170,000
South Mb St., tHHh sides.... 11 rtfi.r.OO
South 0th St., both sides,... 0 84.O0O
South 10th St., both sides.... 12 101,000
South 11th St., both sides.... I) 87.000
South 12th St., both sides.... 1 73,000
South 13th St., both sides.... 1 125,000
South nroad st., both sides.. 8 1,085.000
South 15th st 1 20.000
151 $4.244.700
HE A I, ESTAT B FOR SALE
General
A New Operation
OF THOSE
LOUGHRAN HOUSES
JUST LIKE THE 113 THAT WE Bl'ILT
AND SOLD LAST TEAR
See Sample Houses
4832 North Fifth Street
Price $4000
ALSO
516 Eleanor St Price $3200
These have porch fronts, all modern Im
provements basement laundry, electric
lights. Built with the stability that has
made tho LouKhran house a standard of
good construction. See
JOHN LOUGHRAN'S SONS
5TH ST., BELOW ROCKLAND ST.
North Wlldwnod.
NORTH WILD WOOD
HENRY II. OTTENS' AND WILDWOOD
LAND CO.'S HOLDINGS
WATER FRONT LOTS S300
Fie-M!Ie Beach shows an Increas in as
sessed valuations of 85 PER CENT. PER
ANNUM FOR 13 YEARS PAST.
Fastest urowlne resort.
Ranks next to Atlantic City.
Safe wartime. Investment.
Beats stocks or bonds.
No loss of principal possible.
. Great profits assured.
Build small apartments or bungalows,
which rent well.
For information call, 'phone or write,
FARNUM & CONNOR
tSelllnc Agents. H. II. Ottent Five-Mile
Beach HoMlncs.)
231 REAL ESTATE TRUST BLDCi.. PHILA.
Bell 'phone. Walnut 3710.
Pennsy Excursion Sunday, T:IO A. M.
Cr THIS AD WORTH 5 00 ON LOT
PURCHASE.
West Philadelphia,.
YONKER & SON
Real Estate
317 South 56th Street
OFFER FOR SALE
Stores, in good business sections,
desirable duellings in good resi
dential sections.
VACANT 41HOUND RIPE FOR
III ilium;
$4400
WALTON AVE. NEAK TH
$400 CASH
And monthly paymtnts of Hi will
secure this excellent 3-ttory porch front
residence. 10 rooms, excellent condition
Further particulars upon request.
POTTS & TOWNSEND
4905 Baltimore Ave.
THF. IMPROVE!! SlNLKiHT HOUSE
BlILT BV ANDERSON"
P1FFERENT FRONT AND FLOOR PLAN
FROM ANY HOUSE IN PHILA.
57TH AND WHITBY AVE.
(3 squares south of Ballmore avenue)
H. P. Anderson atfSKE."
UUl and Christian
TWO- ANI THHKE-STORY TWIN
HOlbEH
Bl ILT BY ANDERSON"
Christian St.
60th lo 6Jd St.
Best-Looking Street in Philadelphia.
H. P. Anderson wo wainut'
5TthWbltby
THREE CORNERS
WITH PRIVATE OARAC1E
The Improved Sunlight House
Ifi and Whitby Ave.
H P -.nr!r-rtn o Premise
aeer.
50O V?
Advocates of the plan point 'to the fact
that property from Eighth to Twelfth
street has not bean Improved and not
kept up, and that the taking would do
away with a lot of far from desirable
courts nnd alleys. The large .four-story
cement building occupied by the Inas
much Mission, No. 1011 to 1019 Locust
street; the Miles Building, 22S South
Eleventh street, and the six-story Jewel
ers' Building, 216-18 South Twelfth street,
however, would be taken.
This condition, however, Is more than
offset by values to be mot west of Twelfth
street. Tho Hotel Windermere would bo
entirely taken, and while It Is assessed
at $52.1,000, It Is valued far beyond such a
figure.
Calvary Presbyterian Church is valued
by the congregation far bejond any prlco
the city of Philadelphia would bo willing
to consider. It would never do to have
the Philadelphia Library Jut out Into such
a bouttivard.
The assessment of properties does not
represent the ccst of taking them by
eminent domain. It would come to nearer
double that figure.
Is It not better to complete some of the
public Improvement now under way. In
doing which the city will have Its hands
full to raise the money when wnntcd7 As
for the loop going under Locust street,
that can probably be arranged, by 'doing
awuy with the open cut, which certainly
was hardly expected at such a central
point, nnd Is not a vital Issue. By under
pinning buildings on tho north side, there
being none of enormous size or weight,
the subway will not bo Interfered with.
NOTES OK THE STREET.
In the summary for September of build
ing operations, two-story dwellings nre
strongly In evidence. Seventy-four ''per
mits were taken out, for 417 dwellings and
stores, at a cost of t?17,050. This Is quite
a falling off. however, from the fame
month In 1913, but a. fine showing when
the loan market for the month Is taken
Into consideration.
The weather Is most favorable for
builders, and outside work Is going ahead
very rapidly. The City is also taking
advantage of the same condition. Paving
and street work Is being pushed, a large
REAL ESTATE FOR SALE
West I'hlladelphla.
COME
YOU WILL WANT TO STAY
Beautiful Homes
In a Beautiful Residential Section
57th Street Thomas to Whitby Avenue
Two squares south of Baltimore avenue.
Nine large rooms, hot-water heat, electric light; front and
back stairways; large, roomy porches; all up-to-date features.
PRICE $4700
All car lines running oast or wesL Including Elevated, pass
south on 60th street to 08th and Thomas avenue.
woodland avenue and, Darby cars pass norm on om street
to Thomas ayenue, Just one square west of properties.
ROBERT A. PATTON
Builder and Owner, on Premises
COME
NEW AND UNIQUE STONE
MACCAII DV
nrtOCJAU IWrtL' fil.t 3rd
(First Street South
General
Safely Intrenched
100
Whelan's Olney Homes
WE HAVE ANOTHER NEW OPERATION NEARINC5 COMPLETION
SAMPLE HOUSE READY THIS WEEK
On the Famous Wellens Avenue Price $2300
ONLT A FEW OF THE LARGER HOMES LEFT
Duncannon Ave., $3250 and Fifth St., $3650
These homes offer a splendid opportunity for seekers of a moderate size house.
Everything In this location Is convenjentlv near, stores, si Pools and churches
of all denominations One fare to eerv part of the itySth street cars pass
door. Tabor and Olney stations. I. & R. Railuax. vvtthtn S minutes' nalk
P. J. & JAMES T. WHELAN
S. E COR 5TH AND FISHER AVK i VIOO .-.r,hi V.KNTS US PREMI3F.S
Suburhan
NOW IS THE TIME TO BUY MAIN
EVEK SICH VALLE ON MAIN LINK
Handsome new Spanish design house
WILL, BE COMPLETED SEPT 3.1TI1
gul" of hollow ill, 9 room. I TILED
BATHS with SHOWER lnl.rl... l.l.
while. Living room mission. nd all
modern appointments. Sleeping Porch
Lot 60i2l0. In excellent neighborhood.
near station. $8000
ONLY $7000
A NEW JIOl'SE Colonial dign o
rooms. 2 baths. Finished In whit and
mahogany, brick porch, stsam hst and
all modern conveniences Lot 60x210.
Within two blocks of station.
T --EJ- "i- - '' I'ls'ssns'issnlissiiinnriiiiiM mm iii n' i Iishiiii iiiisail
WEAtSrATtTCUSTBlO(h SI?
City
Lot Suitable for Moving Picture
Theatre, Factory or House
Somerset. Mamphis. Aranungo and
Auourn mi
MEMPHIS
ARAMINGO
1
r
THOMAS P. TWIBILL
3257 Kidfr Avenue
m
I 330 la
140 140
co I S50 5
amount Is under way In -the western end
of the Klghth Ward.
Prominent In the sales of the week
were fMir properties belonging lo th
estate of William Hill Moore, deceased,
sold at auction, via.: No. 101 North
Klfth street, four-story brick b Hiding, lot
16.6 by 50 fept, t5S00; No. 60fi A'Ch street,
four-story brlrk building, lot 16.8 by 65
feet, $1S,S50; No. 140 South Fourth street,
five-story office building, 19.8 by 87 feet,
$20,000: Nos. 907-9-1M3 Cherry street, five
story factory building, lot 19 by 81 feet,
$30,000.
Bale was made, subject to the approval
of the Orphnns' Court. There Is little
doubt all will ho confirmed. The localities
have not been active and prices realized
seem right.
ThP outlook Is certainly Improving. TJio
future will of course be governed by
money conditions and the nttltude of the
banks and trust companies.
LESSOR.
NEW YORK BANK STATEMENT
Deficit Decreased This Week by
$12,722,750.
In the week ending today the deficit
of tho members of the New Tork Clear
Ing House Association, ns shown In the
statement ot average condition, was
brought down J12.722.750, making the
dellclt for the week J17,'JS6,6DO, compared
with 130,709.100 tho previous week. Loans
fell off 2t,575,CM from last week, and
net deposits were $16,803,000 smaller.
Figures for the two weeks follow.
Oct. 3. Sept. 26.
Loan $2,202,131,000 $2. 220,700.000
Hpecle .TJ9.B24.OO0 325,744.000
Legal tenders... 05.5o2.0nn 80.005.000
Net deposits.... l,0H.283,Con 1.083.240.000
Circulation 139,801,000 137.281,000
""vault,.8!'..!" 357.1S0.000 310.402.000
Tr. cos raph
in vcLUltn OT.2Trt.000 00.187.000
Aff erpsra te cash
reserve 424.750.000 413.07P.OOO
Trwithcmem.".".' 51.027.000 r.2.rt2T.00O
Deficit 17,00,051) 30,709.400
rOKEIGN EXCHANGE
The foreign exchnngc market was dull
and wenk today. Demand was quoted
4.9.V?T4.9.1U and cables 4.D691.96,,4.
REAL ESTATE FOR MALM
West IMiitndelnlila..
SEE THEM
SEE THEM
HOUSES SW&ksioW
A TV Between
of Oxford Street!
combining Suburban Con-
rru-'lon with CItv Con--entenrfs
Houses 23 feet
front-r.ots 3n feet wide.
"vi rv 'onrelvable -onven-ler
e has been installed to
make these houses "Tho
Meal Hemes'" they really
ure reritrnl heat plant well
u .rth onslderinc; is a
great luxury.
IV. I'EKCIVAL .IOHNSON
Bui'der on Premises, or
4030 Lancaster Ave.
These, houses may bo
"ea hefl eli her via Elevated.
nawins north up finth at.,
iiverhrook rars on Arch st .
r I'. R. R . cettlns off at
merhrook Station.
fienernl
INDIVIDUAL HOME-SEEKERS HAVE
FOUND EVERY COMPLETE HOME
COMFORT IN
s.iliiirtmii
IJNK limit: T I M M U PRICKS
I HEAlTIfll. VT I) V IDS 1IO.M15
- ' - - hiii.i '"""
AN "H'l'ORTl MTV
' " - ' h- nni!il in hr and
mah-' jn . KMrwhing nmdern ind in ex
te.ie-it (.ondition !!.' from central plant
Nearly jn acre ..li hade. near ..taiiun
and sM club. L. .k at the price. $13,000
TV HE ItKMOIIKI.KIl
Jl small rout A ery handsome old
Uhlo-i ! I rick hr.i.i.,. rniigh-caet ; large
lot, i. :.'4i, ith beautiful uld hd
lieS tlr Strf'Ht! At i in flna rlr1.n
ll.l .... . ,.. - L ,. -..,,
. . ... r" .o run u rooms,
a I mi'i-rn roniet'ler. n $7000
bitb.
dermuiiton.
J
V
A Rare
Opportunity
TO SECURE
An Old Colonial Mansion
in a most pi turesque sercton of
Cleruiantoup, one t'lo. k from Tit
lh k Station . ilo a-ssllM iv
trolls- Thle propert,- .-nslsts rt u.
l'.-c om liuse surrounded I"' o'i
shale trees has h'.t water ba
eleitrie lights htr ivr. ' f tj u 1
(w hatbi i iHTxl.i ft
Til In property ran be pui-hai-J
at a llttln more tban Iho talus of
tho ground.
V : I i par' :"t-j adlret
. f -. -- ji-l; j... ) .' jS. , (J-- .
71
. 1
I
A
; t
.
4
e
h
lot
rth
ich
sf-
,ho
lis
ni
7
)
il
n
Vtl
3312 dentiantow kve, j
l
,s.
Mansion.
.