Evening public ledger. (Philadelphia [Pa.]) 1914-1942, October 03, 1914, Night Extra, Page 15, Image 15
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. .