flWW
EVENING LEDGER PHILADELPHIA, (THURSDAY, OCTOBER 8, 1014,
13
.
M
I
Ml
J
I
'0REI6N EXCHANGE
SITUATION IS NOW ,
IMPORTANT FACTOR
t Is Admittedly Complex,
But Gold-pool Activities
Will Undoubtedly Return
It to Normals
Dealings In foreign exclmiiKO conttituo
to hold the most prominent plnco In the
financial world, hut tho 'situation Is a
complex one, nnd many of Hn features
cannot ho explained by even those houses
making a specialty of foreign exchange
business.
Theio Is llttlo known result of tho oper
fctlnns of the exchanRc Bold pool. Sales
hy the pool since last Krldny aio said hy
memhers of the committee to havo been
onlv moderate, hut they insist that It
would not be businesslike to unnounco tho
extent of Its transactlcns, as then tho
dally depletion of Its resources could bo
easily measured. Foreign exchange deal
ers held to the view early In tho week
that -4.03 would he accepted as a basis
for exchange transactions, as they ns-
sumed that sales at that rate could bo
offset by pold exports If necessary.
ciuuman Exciuxai: dull.
Th.y took this position becauso of a
theon that, with I.S9 tho sold shipping
point In normal times, tho additional in
finance, stringent monoy conditions "anil
other factors now prevailing automat
'"y mved n the shipping point to
4.&. We have nlready passca thoso fig
ures, howovcr, oven In tho face of a froo
Mipply of commercial bills.
Thero Is no demand for relchmarks ex
cept that which comes from tho deslro
to relievo friends and relatives In Ger
many. Snoycr & Co. icport that they
hi o kept busy supplying ilrnfts for 100J
marks to numerous buyers for this pur
pose, but the nccreunt,. nt ti.io .i....i
U not larae and lietllii exchango Is hard
J. .... . t "a hns n'ready dropped
from as to 1. and It Is known that a
huge amount of Berlin exchange Is con
stantly seeking n maikct here.
V, S. STICKL aiTITATinv
Without jcgard to the offers In tho
Phantom market on the new street curb.
It Is ii fact that United States Steel com
mon Is belli;? pressed In large amounts at
m,1 0ri.?"yT Um,er, th0 c,oslt,f Prix's on
Julj 30. Large blocks of tho stock are
openly offered, although statements arc
maut In Stock Kxchange circles that bids
are on hand, good until canceled, at re
cessions of only two or three points,
i'hls pressure has nttmrin,i in.n...i
attention to tho dividend outlook for tho
stock. Xo deflnlto stotement can bo ex
pected to come from tho officials ns to
what action will bo taken at tho meeting
on October 27, but It Is Insisted that the
matter will not bo decided Until the last
moment, and because of this Intimation
the belief Is gaining ground that unless
the Industrial situation Impioves man
wnlk dividend payments will ho nt least
deferred. There Is a decided loosening
up in the monetary situation.
Western money is olfeicd over the year
here at 7 per cent., nnd theio Is a good
iii.il of Imnk money seeking employment
cithir In plmit-term maturities or loans
at B p,T e.'Mt.. with offers to loan con
fined to Aim ; sh borrowers.
hum (ii rort shout terms.
The oiih f ii' securities market in this
city Is tint in innturltlra of less than one
vonr. A lv,.tmntel Copper notes, due
April 1. nip aD bid, while Pennsylvania
T. dm October 1 next, are 07',4 bid.
There Is good demand lor these Issues,
TOin'ng not only from Institutions, hut
irom individuals as well, and trading In
these maturities hns atwumed such pro
portions ns to bo a helpful factor In bank
ing operations.
Thoie is also a good demand for flrst
cluss bonds from many quarters.
CHICAGO WHEAT OPENS
FIRMER, TRADING LIGHT
Higher Cables Reflected on Futures
From Liverpool,
CHICAGO, Oct. 8. Whont was a llttlo
firmer this mornmg, reflecting higher
cables on futures from Liverpool, but
trade was light. Tho ntllttlde of many
comtnlpslon houses nppcared to ho bullish,
It Is estimated that 650,000 bushels will
ho required by Kuropean countries during
the coming season, of which 3.10,000 bushels
can he furnished by tho United States and
Canada. TradeiB were Inclined to be
friendly toward tho market, ns prices aro
under last year's. The market' nt Liver
pool was lower on expectations of liberal
shipments from Argentina for tho week,
tho exprfrts from that country being
placed nt 3,600,000 bushels.
Oat woro dull. Tho innrket was sus
tained by yestei day's export saleaof
1,000,000 bushels.
In-ftJIr.K futures ranged n follow:
i , Ypetertlis H
whMit Open. HlRli. J-ow. eioo,
SECRETARYREDFIELD
' OUTLINES PLANS FOR
TRADE EXPANSION
Tells What Government Is
Doing for Extension of Our
Foreign Business, Espe
cially With So. America.
December 1.IN4 I .mi, l.nsil l.uTji
M.1J- l.M MB l.UitlI4ft
1H7
foutt
I7U
70!li
4.H
Corn fnanr iIMUpmI
Decomher 07V4
May 70
Outs
Doccmlicr 41
Slav r.l'i
October
Nowmher !) 4.
January (I 70
Ititu
October loco
Jammry d.7i
t'orK
Jfirmnry 18.X0 18.K0
Hid. tAskcil. '
07
oa
IS
ntv.
i" r.D
Il.M
n is
P70
n.4ii
II. 12
11.70
10.V
0.7S
0 70
1B.G0 tl8.5S
GERMAN BANKERS
SAY COUNTRYMEN
APPROVE OF THE WAR
Deny That Their Country's
Part in Struggle Is Due
Solely to Influence of
Kaiser.
Letters have been received from vari
ous bankers In Germany by a. Now York
hanker, whoso, namo is withheld, but who
Is well known In financial circles and
who stands roidy to produce tho origi
nals, which Indicate that the present war
In which Germany Is engaged meets with
tho general npproval of tho Gorman peo
ple, and Is not duo solely to the Inlluenco
and personal wishes of tho ICnlser.
Tho following cxtructs from theso let
ters are given:
It will be hnril for ou to form nn Idea of
tho enthuilnxm which prevnlN for the war
dreed upon ua, ways A. Merzlmch, a banker
if Frnnkfiirt-on-Mn!n. under due of Septem
ber II. Kcononilcnlly the country, of course,
in suffering nt the present tlmo Whether
thero will arise a material loss for ua, no
body knows, but It Is to be expected that
such, It Germany comes out victorious, as wo
hu nope, win not uo great.
Our Kerlln Kcntlemen havo passed tho offe
whli'li rcnutres serMce In tho urmv. Oi thu-o-In
thla city rrltz Xlerzljach hsis been called,
while tho other tuo gentlemen bolunKlng to
tho Liinditrum (homo dufenso) hat not
been oil oil upon ns jet. Intimate friend and
near rel.itUos, hko a number of our cmploes,
ire, of course, In tho army. All Kindly re
sponded to tho defenso of tho fnlhcrland.
Under date of September 12, It. nnd 'K.
Wertheimer write from tho same place:
Writing from Koln on September II,
Paul Miller, of A. Sell tuff hauserflcher
Hankvctcln, A. G. says:
It Is especially gratliylnjr to lecelvo from
vou such Mann words for tho happy ending
ui uur jusi eiiuae, aim your wisneB ior our
elated.
brothers now In tho Held are Kieutly appro-
FINANCIAL BRIEFS
Tho minimum rate of discount of tho
Hank of Kngland remained unchanged
today at 5 per cent'
Exports of cotton from thla country yes
terday weiv 2J.2IO bales. The cntlro
shipments, went to Great Hrltaln and tho
Continent, from Galveston 13.033 bales
of the entire amount were shipped, while
tho remainder was divided between Now
York, Tort Townsend and Savannah,
Within a few days the 11111 lines will
receive two raw silk cargoes from Yoko
hama, aggregating COO.OOO to 700.000 pounds,
for Kif-torn markets.
A company with about J13.O0O.O00 annual
business will bo. produced by tho consoli
dation of the Hnrtfonl Carpet Company
nnd the nigelow Carpet Corporation, In
Hartford, Conn., according to estimates.
Tho company will bo tho second largest
of Its kind In tho country. Tho con
solidation has been ngrecd to by 00 per
cent of the stock of tho companies.
More than 25.000 tons of wire products,
cxiIuhKo of wiro rods, havo been sold
hv Pittsburgh mllls'to foreign consumers
Within the past week.
JVrmission hns been granted the Pacific
Tjlght nnd Power Corporation by tho
California Railroad Commission to Issuo
19.430 shares of Its preferred 8 per cent.
Cumulative stock at not less than JS5 a
Bhare and J4.3S2.000 of Its first and re
lumiing mortgugo bonds at not less than
and accrued interest, with the pro
Vision that tho bond Issue shall nnt hn
Jnado subsequent to tho stock issue.
Officials of tho Philadelphia Company
report that the company has struck a
gas well having nn output of 12.000.000
CV .fcet por lay wUh a rock I'ressuro
of 6000 pounds to tho square Inch, on their
ownarm ' the old Murraysvllio Held,
yj.2 ,a, lle of th0 flrst we drilled in
this field 33 years ago.
I havo not been callod to the 'Colors, as vot.
but as soon ns It nhoutd become necessary you
should ho assured, J suro would he nn the
fit Id. Whllo tho whole world la In need of a
moratorium, een non-belligerent countries, we
'Will do without such, nnd will havo recourse
only to tho most necesjsary defensive meas
ures. In a loiter dated Dresden, , September
14, nn olllrer of tho Sllftel Deutsche pri
vate bank, which has a capital and re-
servo of CS.000,000 marks nnd acts as na
tional bankers 'for Dresden and Chemnitz,
says:
A largo number of our employes aro In the
field, and according to reports received all aro
well with tho exception of a. tow that were
wounded.
As cjermnny. for reasons well known, Is cut
off from telegraphic communication with
abroad, It Is extremely difficult to meet the
lying reports sent broadcast by our enemies
regarding tho (lertnin army and tho situation
In Germany Kcncrully.
Tho firm of Amhold Brothers, bankers,
of Dresden, states under dato of Septem
ber 12:
Thero Ii nobody in Germany who would
havo desired this war, but ono was forced
upon us. There Is nlso non that would hae
hosltated to stand up for tho futherland nnd
take Mb ptaio nt tho front
From I Tlehrens (c Sohne, Hamburg,
September 12.
Your warm expressions reganllmr tho war,
which our fatherland unfortunately Is foricd
to carry on, M most gratifying.
Hxccrpts from a letter from Haruch
Strauss, a banker of Frankfurt-on-Mulii,
dated September 11, read thus:
Two of ntv linrtner and the tiullc nf mv
employci aro with tho army. Me.inuhtln tho
truth hai probably tomo out In America to
tho effeit that we havo had considerable
success In tho east and west in our jgxt
tause. Wo all wish lor a decisive victory
over our cremlca, who sought till war i.o
deceitfully and nio larrylng It on without
consideration for the tttlhts nf the people, so
that permanent pencu muy come to us.
PUBLIC UTILITIES
RAILROAD EARNINGS
CHICAGO OTIEAT AVESTL'RN.
"r'h week September, isdi'.io, DCM."i
Month to September 30. 1 aaoso! 400-a
July 1-Beptember SO.... 8.7ls,230 17S7;o
mrrnoiT and maoiciva,-.
fm.K.l. .- .
xi- V .0 oeptemDer. rt2.0U7
'I? ,""i jj esPiemtwr 07 8.13
7 July 1-Sepumber SO.... MS.oS
QIIAN-D TRUNK.
tviVJ1 'i11 September. Jl.403.seB
Julv"i ' ?eplembSJ-' 'OH Ml
July 1-feepteinbsr 30 . . . H.t'lU 31S
lL"lbVlL.L,E AN'n nashviit.d
?icA'ir.'i.h 'l!ek Seplomber. ll.8W.435 K003.11
aiomh 1 of Bsptemlwr. . . . 4,0:18 11 SaTji
July 1-September .HO ... il.uroS l,awo
MISBOUllI. KANSAS AND TBXA3
JTonVh zrLXXiS- .fibril ?
July 1-Svptcmber So .'.' S.W.'u71
UK) UUANDB SOUTIIKRN
IJjurth w,ek September. J17.I12
July l-Spt,rnbw 30 .. m'S
TOLEDO, st. U3VIH AND WKSTBRN
nth or ScpnuniKM-. : . 377 Si3
July l-iwpunib ).. . J.tlil.artB
Rl'Tl4A.N'b KAIUROAD,
A"sust ero 13,. .,
IWJIlOBtl (f)M 1vttt
lB-rei,
Jl.JWO
I,72
37,387
IW.8I0
IUU.OaO
617.030
200.GIM
370.74J
J 1.7):
7.312
30.4SJ
I1.S17
438
17.S74J
!s.tn
110,75t
In an Interview nt Chicago. Samuel In
sull, ono of tho most prominent public
utility experts In this country, said that
throughout the country public utility com
panies bird suffered less loss in gross
Incomo as a result of the European wnr
than other cnterprlsos of equal pro
portions. Tho Mononsahela Valley Traction Com
pany, Hutchinson, AV. Va., will build a
froo.000 eloctric plnnt to JveIop 500i)
horsepower for elcctilcal transmission 100
miles,
neJoctluK the request of the Union Clas
nnd Kiectrlo Company, of Cincinnati, for
an extension of six months from October
1 In which to prepare and fllo a com
plete Itemized nnd appraised Inventory
of Its property, tho Ohio Public Utilities
Commission directed a letter to VIca
President Freeman allowing nn extension
of only two months, till December 1,
and scoring tho company for its delay.
Freenir.li, In requesting the extension, de
clared that the Inventory work was cost
Ins tho company J1000 a month.
Ralph W. Hull, who has been acting
general manager of Conestoga, Traction
Company, of Iiantuster, Pa., since the
death of Mr. Tltzel, has been elected
general manager of the company.
Tho hamlet of Clayton, population W,
Is perhaps tho smallest lomiminlty In
Wisconsin liavniK an independent central
station plant generating Us own elec
tricity. The Clayton Kiectrlo Company
has an operating force of one man, and
its generating equipment consists of a
12-horspower gas engine blted to a
ftVe-Mlawatt direct-current dynamo. The
street lighting load consUts of eight
Incandescent lamps, and commercial
lighting U given from dusk to U p. nt.
A protective committee representing a
majority of the outstanding setlvs "A"
uud "II" first Hen sinking fund bunds of
til Atlantic Qas and Blectrlo, C'uuiuany
has Usuad a circular to holders of tba
bonds requesting them to deposit their
holdings on or before October 30 with the
committee, with view of pruteitinij the,
Interests of ail The committee Is ionj
posed of Chares H. Sabin, chairman
' W Allen, W II Bennett and i D.
Scwe'I, of El.iB,!amptvn, N Y,
By WILLIAM C. ItLDFIELD
Secietnry of Commerce of the United States.
The PecrolnrViot Commerce was nkcil by
the National City Hank of New Vurk to
outline, for the benefit of business men
who nro seeking Information nbnut export
posslbllltlcii, especially In tho South Ameri
can republics, tho now plans for trnde nerv
ier In which the Department of Commerco
nnd. through tho consular eervlco, the Do
rnrtment of Ktnto, nro now rngagM. Ills
nrtlcle, cmerlng the gniernments work for
trnde expansion, Is presented herewith. .
The Department of Commerce Is for
tunately able to deal with oxIstlliB condi
tions In our export trade with a hotter
organization and with larger funds than
hitherto. In connection with Latln-Amcr-Ica
It has ready on call a largo volumo of
specialized Information, tho result of
studies that havo extended over Bomo
years mado by trained observers on tho
spot. 1
Its now organization for tho promotion
of American commerco In Latln-Amcrlca,
which applies In a similar way all over
tho foreign world, Is ns follows:
It will placo this fall at Ouonos Aires,
Santiago, Itlo do Janeiro and Lima trained
commercial attaches famlllnr with the
langiingo and tho customs of tho coun
tries to which they aro accredited, who
will furnish through tho Department of
Commerco ogencrnl outlook over tho com
merco and Industries of the nation In
which they reside. Tho work of theso
olllccrs Is not Intended to supplant In any
way tho elllclent labors of tho consular
service. On tho contrary, tho two services
work not only In harmony but In mutual
helpfulness, ono supplementing tho other.
Tho consul Oins ninny duties othct1 than
commercial ones which he must perform.
Tho commercial attache will havo none
hut commercial duties.
Furthermore, the consular sorvlcoi af
fords the local and Intensive commorclaj
outlook and tho attache furnishes tho
general and extensive viewpoint In tho
countries In which both serve.
NAUR COMMEIir'IAI, AGENTS.
Tothls force Is added that of the com
clnl agents, who aro traveling specialists.
Thero thus exists a threefold forco in tho
forel field, tho general, tho local and
tho mobllo force. This Is now supple
mented by tho creation this year of a
special organization at homo to mako
efllcicnt tho uso of tho Information col
lected abroad. To tho central office In
"Washington thero havo now been added
ofllces In seven tmportnnt American
cities. It Is hoped to extend this Fervlco
ns funds permit. To these offices all tho
Information nvallnblo In tho bureau Itsolf
Is sent, and through them tho trained
representatives of tho bureau meet per
sonally tho commercial Interests of tho
centres In which theso ollloes nro lo
cated. To th.rsc ofll&. the consuls nnd
commercial ngents and nttnehes go when
eor they visit this country. There they
can meet by appointment anyone inter
ested in the commerco of tho country
from which they come. Using theso
ollloes ns a ccntro thoy can call upon tho
commercial houses which sliall havo Indi
cated their Interest In tho commorco of
tho country In question.
In short, this puts tho servico of tho
department as nearly as possible nt tho
door of evory commercial house interested
In our foreign trade. It Is recognized
that this organization, both at home nnd
nbrond. Is not as large as tho commercial
interests of our country require, but it
is n.t least a definite beginning in tho
right direction. Tho Bureau of Foreign
nnd Domestic Commerco Is tho ccntro of a
vast system for tho collection anil dis
tribution of useful trade Information from
all parts of tho world. In tho emergency
caused by tho present European war it
has been found that this system Is of
Unusual value with tho commercial In
terests of tho United States.
CONGRESS ArronTIONS FUND.
Congress has giantod a special fund
of JjO.OOO to bo used to promote our com
mercial relations with Central nnd South
America, and this fund will be applied
promptly to Eervice, partly In Washing
ton, but mainly through dispatch to
Lntln-Amcilntn countries of a number
of special agents who will Investigate
trade conditions In connection with spe
cific Industries. Already four such ngents
havo been appointed, ench with special
qualifications for tho Investigation which
ho Is to make.
Another fund of $75,000 Is being used In
part for tho employment of commercial
agents of tho Ituroau of Foreign nnd
Dimostic Commerco, who are stationed In
seven Important trade centres In the
United States. These agents nro In charge
or branch olllces at lloston, New York,
Chicago, Seattle, San Francisco. Now
Oticins nnd Atlnnta. and nre engaged
in tho elllclent distribution of trade In
formation which reaches the department
In such volumo.
While) tho department Is making every
special effort to aid tho American com
mercial public to take advantage of tho
situation in a. fair and reasonable way,
nnd whllo It fully realizes that nt tho
present tlmo entry Into those markets
may bo mado mnro readily than ever be
fore, It has felt It necessary to warn
prospective exporters that careful pre
liminary study should bo made of condi
tions and that a full appreciation of the
present financial depression In that part
of the world should be a part of any
plans which are mndo.
Undoubtedly tales can bo effected, but
the department has strongly ndvlsed
against a temporary and hasty Invasion
of those markets, believing that the
prosont opportunity Is one rather of
helpfulness and servico. which may be
rewarded at the end of perhaps n con
siderable period by the establishment of
closer rein t Ions with I.atin-Amerlcan
countries and the development finally of
it tuiy iiiui itwn luuMiiercc.
1900 1901 1902 1903 1904 1903 1906 1907 1908 1909 I9IO I9H 1912 1913 19 4
Millions
1 . zn
200 ZJ'lAll 200
190 .ySfflXw, fOO
100 Ja T--ii ,,..)wsS too
,70 j"Z,yy'l,y.-- ypp (70
i oo yfe jjL QW iX- 4 av ico
100 ty ,, . fc-fc S f2LX 1 to jL ,.ji i 150
.,o. 57ll; S r" AN fl fH5 7 1 .9n
130 ? - sSi. .isSp. SWL ,to u , Ss 130
loo 4luSM loo
oo MSMmI3Szi oo
70 ; ff ; p Sfy 5out i 70
eo mimm.m2o l co
DO IkMlIilllL DO
40 Ms5 I 40
30 SH 30
20 20
IO , 10
O I I I I I I I I I I I I I I In
GROWTH OF COMMERCE BETWEEN THE AMERICAS
Table showing Imports nnd exports between this country and South America over
a period of years. Tho fhotled portion of tho tnhlo represents the continuing halanro
of trade ngalnstVho United Stntes. It Is to reduce this balance and make It favor
ns that tho Department of Commerce, In conjunction with tho Consular Service, Is
working out plans for a big trntlo expansion campaign.
BANKERS REPORT EASIER
MARKET FOR MONEY
Commercial Paper Kates Go Below
Those of Last Week.
Bankers nnd money lenders report that
the money market In this city In becom
ing caster. Chief Improvement la noted
In commercial paper. Kates for papr
this week have In many case gone be
low those pievalllng for some weeks.
Where rntos ttr- slndeil, however, the
paper Is of short maturity, to the end of
tho year principally and for six months.
During thin week paper which haa been
idling for 7 find li per cent., has
rhnngeil hands at lower figures. Tho 7
per cent, vnilety hna gone, In some
casi'S, to G14 per cent., and tho IVt per
tent, kind to 7 per cent. Till paper
was, however, of very good name.
Hates for call and tltno money remain
tho same. C per reht., and thero Is vary
little business In either. Where call
loans hfb Jimdp generally It Is to a
broker whose time loan has t-xplretl and
who, at the moment, Is unablo to meet
It. Tlio banks, in surh cases, ns a gon
crnl rule, arc Kind to extend them III
fcuch a manner.
LONDON-SHANGHAI
TRIP SOON WILL BE.
11 DAYS BY RAIL
Improvement in Trans-Sibe-!
rian Service Caused Traffic
Increase Before War ; 2 1 50
Miles of Double Tracks.
TORT OF PHILADELPHIA
Sun and Tides
Sun rises.... 0:02 a.m. I Sun sots B:33 p.m.
PHIUADRLnilA.
High water. 3:r,S n.m. I High water. :M p.m.
Low water.. 11:17 a.m. I Iow water.. II im P m.
IlEnDV ISLAND.
lIlRh water.l 1 :47 a.m. I High water. 1:11 p.m.
Low wntcr.. 7:35a.m. Low water.. 8;14 p.m.
niiKAKWATnn.
High water. 10:21 a.m. I High water.lp:30 p.m.
Low water.. 3:13a.m. Low water.. l.J'Jp.m.
Vessels Arriving Today
Hlr. Qitnnllrrt. Ttnntnn nnpRpncrprH find mer
chnndlno. Merchnnta anil Miners' Transporta
tion fTnmnnnv.
Str. Alslcri", Norfolk, etc..
Clyde Hteamnhln company.
merchandise,
iln IMmMnr.
3tr. Hertnod (Nor.), Nlma NIma, ore, J. A.
TVfrtf n i-l li v
Str. Indian. Jacksonville, and Savannah.
Sanncnsers nnd merchandise. Merchants and
llnernr Transportation Company.
Str. Anthony droves, Hnltlmore, passensers
and merchanalae. ErlcESon Line.
Str. Oemuluee. New York, merchandise,
Southern Steamship Compnnj,
$834,000,000 WHEAT CROP
Government Estimates Dumper Crop
nt 000,000,000 Bushels.
NEW YORK, Oct. 8. Wlilio tho peoplo
of war-scarred Europe aro faco to faco
with flnanclnl ruin, the f.irmora of tho
United States nro Just nbout to receive
for this year's wheat crop $S,1 1,000, COO on
tho Government's estimate of MO.OOO.CO')
bushels, an Increase of 100,000,000 bushels
over tho bumper crop of last year;. With
tho demand for wheat from many coun
tries, it is expected none will go to waste.
Another Indication of tho UKrlculturnl
prosperity of tho nation Is shown by
tho fact that corn nnd oats showed even
greater gains. Tho corn crop nlono Is
worth nbout $2.0M,S3!,K0.
Sailing Today
Str. Snturnnn (Dutch), BurBhardt, Baltimore,
WesonberK & Co.
Sir. llomford (Dr.). Turner, Now Orleans, J.
A. McCarthy. .
Str. Casilopeln (Nor.). Svendscn. Daltlmore,
Charles M. Taylor's Hon". ,
Str. llerkshlro. Hart, Savannah and Jackson
llle, Merchants and Miners' Transportation
Compan. ,
Str. Loxlnitton, Nlckerson, Boston, Merchants
and Miners' Transportation Company,
Str. Brlcseon McNamcc, Ualtlmurc. Ericsson
Lino.
Steamships to Arrive
rASSENClEn.
Namo. I;'ro.,
California Copenhagen
Mongolian OlnsBOW ..
FltElOHT.
I'lty of Durham Calcutta
Kturmfcls
Palled.
. .Sopt.
. .Sept. 20
Nan-Ik
Rnpldan ...
MtHsourl ...
Mnn Miller,
("orrlston . .
Soltiorpr
Stalhelm
Crown Point
Marltcres . .
Murjek ....
Mlesourlon .
Vnsconln . .
Inerylo ..
Hesperos ...
Klruna
rmtera ....
Noortlyk
Calcutta ...
Mlddlcsboro
Mlddlcsboro
London
Manchester .
I-'owey
, Hartlepool ..
lSurnt Island
London
Iluclva
Narvik
Hllo
'aal
...Sept. 1
...."ept.
..Sept. IS
..Sept. w
...Sept. 1!L
...Sept. 21
. .Sept. 2.1
,..PPt. 2.1
..Sept. 2!)
..Kept. .'ID
..Sept. 2!
..Sept. 20
..Sept. 20
.cpi. l-j
.Savanna LaMar.Oa. 2
...llomtjay
...Narvik
Port Antonio.
itottciMam
Vlnlund an Andreas
Steamships to Leave
rASSENOEn.
Name. For,
.Oct.
.oet.
..Oct.
.Oct.
.Oct.
PHILADELPHIA MARKETS
GRAIN AND FLO Oil
WlllTAT. Itecelpts, 183,021 hush. Market
firm, with n fair export demand. Millers
showlnB llttlo Interest, for lots. In exp .rt
elevator: No. 2 red, pot and Ot tobir. Sl.Wifj
1.0S; No 2 red, Western. $1.0001.12; No. 1
Northern Dtiluth, 51.ir,j)l.lS.
COKN. Ilerelpts. 1000 buih. Trade quiet,
but prlcei stead. Car lots for local trade, an
to location: No. 2 jellow. SigSlhc; fctcaraer
yellow, frOKIfSlr.
II.1TS. Itecoipts, 00,820 bush. Market
Rteaily. Ioial tradn dornnnd tnodeiate. No. 2
white. Mi.-il'?o. . stindard uhltv, SOhlO'iC.i
No. :i white, V.i'&SOc.
1-OT5EICN TKADK INQUIRIES
Addressss of fnroleo Importers mnklmf the
InqulrlBM tnns bo ohtniricd from the llureau of
I'otHitn nnd Donn-stlo I'ummfrre, Department
o' Commtrif, Washington. D. '., or its branch
ofTkrs. Inquiry tiumher must be mqnllnnod
No. 13.913. Carpets, fabrics, linoleum,
etcA ilrm In Kngland would llko to
nogotlato with American manufacturers
with a view to securing nRondoa for tho
t'nited Kingdom for rnrpets (nxminsier,
wllton nnd tapestry), fabrics (mohnlr vol
vot, worsted velvet, printed nnd woven
moquettes, satldlohngs and tapestry fab
rics), cotton and union bed tick for mat
tresses, linoleum (Inlaid, printed and
plain) and planus nnd piano actions.
No. 13,914. Pennants and silk flags, ete.
A wholestilo confectioner firm In Canada
desires to bo put In touch with manu
facturers of or dealers In silk novelties,
such ns pennnnts and silk flags, etc.,
worked on ribbon, ordinarily used by
cigarette manufnetures n3 premiums.
No. 13,915. Haberdashery, etc. A
manufacturers ngent In Great Urltattt
wishes to bo put in touch with Amorlean
manufacturers of neckwear, braces, un
derclothing and hosiery In tho various
branches, smallware novelties anu any
linos in fancy goods.
No. 13,918. Bolts, nuts and screws.
An American Consul In Huropo desires to
form a connection with American manu
facturers of bolts, nuts nnd BcrowH (iron
and brass).
No. 13,917. Window glass. An Ameri
can consular olllcer In England reports
that an urgent request ban been made
for estimates on Sl-ounco window glass
as follows: 13,000 panes It by 10 hy 7;
COO panes 13 by 15 by G,4; 2000 panes 1C?S
by 17U by 7U; 1000 panes 15 by lflJ
by 0.
li.uuu. uoceints, loo., bills . 570.321 Ihs.
In sacks. Trade slow and m.irket laryoly nom
inal. I'or lad lbs. In wood Winter, cloar, $1.1,0
fil.": do.. KtraliEht. si fuiri-vtii: rfn ,,,
Merlon ....
Mongolian
California .
,l,lv
Qlascow
Copenhagen
FltEIGHT.
Cnnadla Chrlitlnnla
y.yldyk Itotterdam
Man Mariner Mam hester
r-"tart Point London ....
Mlsflourl London ...,
South Point London ....
Itapldan I.elth
Crown Point London ....
Tlfltn
FOOl Oct. 10
.Oct
...Oct. 10
....Oct. 7
...Oct.
...Oct. 10
....Oct. 10
....Oct. 14
....Oct. 15
...Oct. Id
....Oct. 21
PORT OF NEW YORK
Steamships Arriving1 Today
Frptn. Docked at.
Naples 8a. m
j.iiuriioni u p,m
Liverpool 4 p.m
DUG TODAY.
x From- , alled.
Liverpool Oct. .1
Gothenborff ....Sept. 22
DUE TOMOHHOW.
from.
.-apios
Name.
San (llovannl
Kroonlaud . .
Celtic
Name.
Lusttunl.i
i-'rldland
Name.
It, d'Oonova
..Naples
Sailed.
Hept. 27
Sopt. 22
Steamships to Sail.
Name For.
Campania Liverpool ...
Franco Havre
CVdrlo Liverpool ...
Btampalla Naples-Uenoa
Vaterland ...Liverpool ...
United States Copenhagen
Dato.
..Oct. T
..Oct. 7
..Oct. 7
..Oct. 7
..Oct. h
Oct. S
MOVEMENTS OP VESSELS.
Str. Ventlnono. from rhlladlphla, arrived
at Falmouth Octolwr 0.
Str. Vodra. from rhlladelphla. nrrhed at
London October 7.
Str. Amsteldyke, from Philadelphia, arrived
at London October .
Str. Terrier, from Philadelphia for Manila,
arrived Mauritius October 0. -woniu,
Str. Soesdyk, from Philadelphia, errlvol Itct.
tenlam October 0.
Schr. Dorothy Well. Honing Creek, N. S.
arrived at Vlnoyard Haven October 7.
Str. City of Durham. Calcutta for rhlla
dalphia, arrived lloston October 7,
FREIGHTS AND CHARTERS
Business U light In the steam market and
dull in tho sail market. Kates In the former
aro well supported, in fhn tatter tiidv nr. in...
and wcik.
STE.MSHIP3.
LIvlnestona (Nor.). Halilmora to Scandina
vian wns. gralu, 0500 quarurs, is, ud.. Octo
lier. Uteenbank (nr.), Oulf to Ocnca, grain, 20.000
quarturi. 4s. ltd.. October.
Loveland (Nor.), 1103 tons, Daltlmore to Tort
Lcmun. coal, prlvato terms, prompt.
Fatk (Nor.), 1128 tons, progrestj to Mobile,
hemp, 15 tents, prompt.
1.-M.T.J, imi tona, same, is cents,
Ki.2Sti5.dO; Knnsas, utralght. Jute Hacks. J5.M
.i.3.'i: do., imtont, Juto sacks. $3.40QC.U.1.
ftrlni,'. ilrst. cle.ii. H.JMiH; do., straight. JTi 10
tfv.lO; do., patent, $." .ViftS 7.': do., favorite
btands. JCfffl.M. city mills, en. tee nnd fancy
lir.tent, JdhO.W; city mills, regular snrtos
Winter clear, SI.COU-I.S.",. do., straieht. SI.00O
6.1S: do., patent. W.2.V 3.00.
ItVE Il.OI'lt. Quiet and easy. Wo nuoto
nearby und Western, in wood, at $!0.3o.
PROVISIONS
Trndo alow, but values steadily held.
City beef. In sets, smoked nnd alr-drlcd. .'I1
o',t!rof" ln ?et- "mokrl and alr-drled, .11
32c.; Wosteni beef. In sats. smoked. ,'!id32e.;
city beef, knuc'ilcs and fnders, smoked and
alr-drled, 32ti:ilc; Wrslern beef, knuckles and
.'Si1'1?' ",mokSll5H:u": l,cor nan,a- '5in,W.t;
VS'1' fnnj'ly. CMQ2". hams. P. cured. P.ism.
I"!a10!ic.; do., xklnned. loose, IS i i lilt . ;
dp., do., mnokcil. l!llie ; other hams, 'nmoked.
j... wu.cu. ,, tt, Mrunu anu average, iflrrtiwc. :
hams, smoked. Western cured, lSi)Jinc. : do.
boiled, honelesi, 2Dl20c; picnic shoulders. S.
?;A'V' lo?B?:. y-9 ,2 ''; do- do., smoked.
I native ; bellies. In plcklo. ai-cordlns to ner
aso. loose, 10W17o.; breakfast bacon, ua to
brand und aerapo. clcy Hired, 21(n'j:tc
breakfast bacon, Western cured. 21(fr2.'le.:
laru, Western, refined, tierces, ll4ffillc:
dp do do., tubs, HHl!.lHc.; lard, puro
city, kettle rendered, In tierces, UViQmio. :
??'.', puro C,W kettle rendered, ln tubs, ll4
llic.
REFINED SUGARS
Dull and linchnnp.il fitanil.. ..n.i.i..ui
C.JOfiO.SSc. ; line granulated, Q.2SraU.&0c. :
pondered. 0.33OII OOc. ; confectioners' A. 0.10
Q!0.40c. ; soft grades, B.40l&0.2nc.
DAIRY PRODUCTS
CHEESE. Tho mark.u quiet with ampla
offerings at former rates. .Viw York, full
cream, cholco, Itliti. ; do., do., fair to uoud
miitlWc.; do., part skims, Dr,ntc.
1HJ llt.lt. Demanil sufHi.tAnt tn nK.nK
tho limited receipts nf fan -y stock, prices of
which ruled linn. Medlu-n Rr.idcs dull and
lrre.-ul.ir. Western freih, solld-pa-ked cream
ery, fancy, specials. 3Jr , extra. :Hc: exra
firsts. 2HrQ3iM.; tints. 2ST2ii0.: seconds. 2iu
2,c; ladlo-pniked, alW2.lc.. ai to uu.illty
P.??!?.1' Pr!n,. fancy. :Uo ; do., average cxtrai
C.tl,c.: d".. this. Siii.',lc; do., eoconds. S7W
-i.SCW fanLy brjnds of prints Jobbinu
it itauilu.
K(!(LS. Strictly flno fresh egea In booU
request and firm under lisht offerings. In free
cases, nearby extrus. ill . per do, , uearov
firsts, JS.40 par standard caie; nearby current
receipts. J7..VVS7.MI pir standard caso; M'est
rInrA?1,f5 flr"u' s,0 I" : or... firsts,
f ..C0a7.M) per c.ise. do . seconds. fa.eObtMv
per case. Candled and recrated frsh Bs
wcro 'Jobbed out at 3SaTc. per doa., as io
quality,
POULTRY
LIVE. Offerings fairly liberal ami market
quiet nod unchauetd. Fowls, lflQl.c. . olo,
roostors, ji'iq. tac. , spring chickens, accord
Ins to quality, 14gl7e.; ducks, 12ulSo.
Uulnens. per pair, young, weighing a lb. and
over npleos, Joe. ; do., weighing 1 14 y 1 14 Us.
apiece, UOSUSc. ; do., weighing 1 lb. uulece.
Sue. ; old. flue. Pigeons, per pair, lactic.
DKE.vSEl). Flno iloslrabU-staeil stock In
fair request and steadllj held. Fre.h-kllli-d
Poultry Seluetod. heavy. 21c ; weighing 4i.'H3
lbs. apiece, Sou.: do. 4 lbs. apleoa. It.","-.' ai..
MOODY'S NEW ANALYSES
Volumes for 1014 Cover Railroads,
Industries and Public Utilities.
John Moody, ono of the country's most
noted financial authorities, has issued
two of the most Important Investment
manuals over produced in America. They
nro "JlooUy's Analyses of Railroads for
lull" and "Moody"s Analyses of Public
Utilities and Industrials for 1911."
Several thousand steam railroad stock
nnd bond Issues are described, rated and
classified In tho Railroad Analyses. This
mammuth volume now covers the entire
American steam railroad field, Including
not only the lurBo railroad sy3toms, but
also tho many smaller roads, tho ter
minal companies and all properties ln
which there is any public interest what
ever. A new feature In this edition is tho
effort which lias been mado to indlcato
tlio position of oil bond issues In connec
tion with tho new Incomo tax law. It
shows where tax is paid Y.y the company
itself nnd where it Is not so paid, thus
Breatly simplifying the Income tax situ
ation for tho avorauo banker and bond
holder. More than 1000 pubHd utility and Indus
trial security issues aro described, classi
fied and rated In "Sroody's Analyses of
Public Utilities and Industrials." whioh
U now ready or delivery. This volumo
covers tho whole public utility and Indus
trial fields, Including holding companies
and their subsidiaries: ooeratlns mm.
panics of every class, whether cneaped In
tho business of supplying gas, electric
light and power, electric traction, tele
phone and telegraph, water supply and
water power; as well na industriil com
panies of every description.
These books, edited by John Moody, aro
being distributed through Moody's Invest
ment servico. New Turk, of which Mr
Moody is president.
Tho rapid Increase In the traltlc over tlio
Trans-Siberian system to tho Par Khst Is
to bo directly attributed to the Improve
ments In the facilities offered, says tho
London Times. At tho present time it is
possible for a passenger to Ipavo London
on a Sunday and arrive at Shanghai vm
tho Russian railway system In fourteen
days, against 35 days when making tho
Journey via Suez; and when the taihvny
Improvements, which have now been
sanctioned by tho Russian Government,
aro complete, tho tlmo of thn Journey to
I'ekln will be reduced by two davn, nnd
tho Journey will then take eleven das
only. Thl.i la being accomplished by the
Increased mileage of double tracks on tho
route, hy the provision ot now bridges,
and other permanent-wny work, rt ii
estimated that the total cost of the do'ihlo
tracking of tho 21G0 inllos of tho Tram,
Siberian routo will amount to about $65,
000.000. Tho expenditure ouKht to bo Jus
tified by tho tratllc; It ennnot be too
strongly emphasized that whereas Rus
sian railway entorprlso in Asia was for
merly ennnected with plans for territornl
expansion and offensho strategy both m
the Middle and Far East, now It l.i based
upon ordinary commercial consideration.!
of Imperial defense, and the pen-, ful
development of these vast terrltorie
It was tho policy of arranging through
bookings witli the Cngllsh railways whli-h.
has stimulated the uso of the route bv
tho traveling public. The question of
arranging tickots to tho Kar Hast was
first discusFod In W03, but It was not until
1KB that a system was brought Into
operation under which passengers could
take tickets and regular luggage through
to certain towns In tho Far East, tho
principal places being Vladivostok, N'oRa
snki, Tsourouga, Shanghai, and Harbin.
The Russo-Japanese War interrupted the
extension of theso facilities, but when the
normal working ot tho railways was re
sumed, conferences between tho admin
istrations of railways nnd steamship
litres concerned wcro again held, with tho
result that tho State railways of Japan
and Korea havo been brought into tho
arrangement, and last year the Chinese
railways (Pekln and Moukdon line
agreed to tho issuo of tickets and tha
registration of luggago to Pekln and
Tientsin.
PIG IRON OUTPUT
September Total Smaller Than any
Monthin Three Years.
The output of pig Iron ln September,
amounting, to 1.SS2.577 tons, is tho smallest
amount produced In that month in any
year since .September, 1003, and also is
tho b ma Host Output of any month for a
period of more than three years. To find
figures of i monthly pig Iron production
lowor thantbqso of September this year
It Is necessary to go back to July. inn.
when tha output was 1.703.O5S tons, and
the entire year was npoor ono.
Tho September production was G23 T.O
tons below that month last year, 61R -202
below 1M2. 91.53 below 1911. 173.C9S
below 1510 and 602.63 bolow 1200. The
nearest lowest approach to tho output In
Soptombor was that of January this year,
1,SS5,034 tons.
ROCK ISLAND INQUIRY
BAR SILVER.
R.tr silver in Lnnlon today was 23 13-lfl,!
n decline of S-160. in Xew York com
mercial bur silver was 53i;a, a drop of
Government Probe Into Road's
Finances Begins October 16.
WASHINGTON. Oct. 8. Announcement
was made today by the Interstate Com
merce Commission that Its Investigation
of Rock Island Ruilrond financing wilt
be opened hero October 11 before Com
missioner Clements. Ex-Governor Folk
will represent the Commission.
STATE FUNDS HELD HERE
The statement of the Treasury Depart
ment of the amount of general funds of
tho Commonwealth of Pennsylvania
shows the total on hand September 30.
1914, exclusive of monejs appropriated i,.
tho sinking fund to be "5l.555.062. Of th
total deposits Philadelphia Institutions
hold $Dfil.73ti.
ss,; vrsHerrx,.-
c
per, loffiua; old ruotirs, dry Dieted. ISiic.;
orouins cmcKenn, nearby, weighing IVift'J lbs.
apiece. ajuiKc;' du morby. fair to gaol.
IbQlSo.; chickens. Western, 4 lbs. aplet.6, ISc.;
2Wf3 lbs. aplec, 1.1c i broiling cblcktns.
I V1VH) l
SOUTH AMERICA AND THE 1VAP
It must not bo forgotten that tho pur
phasing power of South American coun
tries has been seriously a'fectcd by war
conditions, and It must bo remembered
that their Industries are. In largo part,
adjusted to European standards of meas
urements and methods, which cannot bj
hastily altered. This Is not so much a
time to look for a great boom In South
American trada a It Is an occasion for
a thoughtful study of the conditions there
existing with a view to their development
on lines of permanent growth. Tha con
ditions there are hardly propitious to tha
sending out of salesmen with tha expec
tation of their coming speedily homo with
iiiii'U oruer. uooks. tiiiio ana patlenc ami
money and much study are all neded If
the best is to bo mule of tho situation
in Latin America.
The Department welcomes, therefor
the sten that aro bIng taken by bank
ers, by manufacturers familiar with ex
port trad ami by trained exports
toward a thoughtful study and careful
development of cornuur.lal relations
between the Unit! States and Latin
America. What le needed among our
friends to the southward now mora than
anything else Is credit and a. ready means
of direct exchange with New York. What
ever can be dona on a sound and thought
ful basis to promoU tha exportation of
uur own merchandise to pay tha balances
ue owe la South Amorlca will be a, direct
lv helpful step It Is not Fr, t- ,, nr j,rur
for tr- b-iftlt - f-i--r--n of ,f , T ,
Knud II,
October.
si.iu.va VEssEm.
Bk. Santa. JlarU ItL). 810 tons. Baltimore
to Trapont, coal, private torms. prompt.
Schr. Kllsabeth T. Dojlo, lUltlmoro to Mar
tinique, coal, 2.25.
LIVE STOCK QUOTATIONS
rmcufio. Oct. s. lions rtectipts, it .
000. Markets slow snj lower. MUoJ and
butchers. $7.25ti 30: goo.1 heavy, $7.10S8.10
rough heavy. 1767 10. light. $7.Me;.2o. p is
JU.fSSS. bulk, IfKtfS. CATTLK-ItJeipti
UiO. Markets sttal. Iteetes, td.M&ll. cowa
and heirem, 3.iii.lQ, Mockers ana fe0or
)fiS6eS.a.V Texan, W l&7 2.V calve. 17 33f
11.20. SHKIW-Hecolpts. Sil.OuO. Markets elow
bSnb.tT.Ma,lV0 ana W"Urn" 4I&3-'.
THE MONEY MARKET
Tt . . ... c."tt- Tlnw
I'Ruadeijwia t. ..... o B
New York UgS OffiS
Ikuton , 7 a 21$
Chicago 7 l"'
1'hiladelpAla CoBitoerclal paper, thre to
six month' maturities. Ttf7Vi 1W cst.
DIVIDENDS DECLARED
American Ught aod Tractlua Coautaay, rez
ular quarterly 1W per cent, oa prer4 anil
IP, fmc cunt. Is sash oad IVj pvr east. In com
moa stock oc the cotauuiu, all psjabU No
vember 2 to slock at rei-orU October 13.
ilrst National lUak. quarterly ili par
'www.v u..w-. ? tv .' i recoru
14.
do., fair to
good, 128l4e.; squabs, car doa. tl'hlta. n.lh
'n5.lLiuW. bft. 1?r- S:?s45Si white,
.v,4,,,,, v iu iu turn.
liar n.ia . s TlLm i .
white. wolghhiK S lbs. per do., JS.'SM'j'!''
do., do., T lha. per d., 4l.Tfr30; do- do. eti
K4 !&,??' d0" L26rai.ao; darkla'l No. A
VEGETABLES
OfTerlujts quite liberal and prUea scnfrally
favored buyer, with demand only moderate
White potatoes, por bush.. PvnuslianU, do
aw.; uo. uo., aew xorh, mk.hi.vi, white no-
t.ltt.. JrKjKV. nMf 1l.kUm, 4;..l-: c. . -. : .
:zz"' ,,r: -? sl .r-"r""v vr. !;
October
NEW YORK BUTTER AND EGGS
eats. Jfarsv vl&h Vht
No. 1. 52.fiOSi2 75. do. do.. Cn J kiIi,.7i t-'
Sweets. Jef.e).. per basket, JG&k. tiumns.
tr busb., liitil.. d rhofoe. per lOtt-lo. u.
$1; do., medium, rer 10"J lb ba, T.lflls.. VStT;
age, domestic, per ion 13313. Cwlery JC
York, far bunch. liwdOe Musarooea. rjr 4-ib
basket. $31.
i-rtEsn fruits
Choice stock li fairly and valuta a-enoralty
well fiwuJned uuor uwderat offering". Ap-
2813 iuuh SSVwrtr;....'"
2W; Wo. T&t.'i. other oodTtii.
flSOijo. crab afplee, per buh t.aket Jl si
CI.T5. apples. leliir and l'vniuUuiinJ i,er
hamper, SOijftOe. Quinces, p-r bM.. ifeiaTSo
iAituone. Per. box. WiW. Grapefruit. I'lori'da'
per ewe. j . rineapi.lea. per cral
1-orto Rico. l.a4l.S. Wbrtda, tiW-Za. iwl
Wlea, ijipe rod. rJarly Bliek. Perbl . fc?S
6; cranlerrlea, i-spe CoJ, Early Black i!Zi
cr4te, Jl.7V.iS. cranberries, JeVsVy, Mtfim.
Park, V.MjV2S Haw, M.T fttckSteZ
rle. per qt., ,. lJeaAh.., Vinrimr5er l
lb basket. SO..M".-.: do.. j,. ir eraterseM
JW. do. DeU.aro and MrvlaV.tr SK
a57Jt. ; dp.. do., per cr,to, We t 2V
peaches. New Vurk and l"eiinhonuT ner
basket Laratt, while or leltow, fciVTOo na
dlum. a040c; peachea. Jersey whtte or ySl
dlum lftaSCc 1'eare, S!w ork. sir beU
Seckel. .SU.rfd. BartUtt. So. 1. fM&fitVdi
No. 2. Jlt.SUJiJ. ili.urre-U.jsc, SjaSay SheiC
i.n. t. Beurie i-ialriuTafci.,
oeurre a-Bjuu. ax .. aj: rlucheaa I 25, j
Pff Uarilett or sieokel, par buaoal baski"
U8 Crapes. New VorV-OonoSrd. YTT-
TIic Conservative Investor
j who is not trained to analysis of values, or who
H is without a competent adviser as to underlying
f. fundamental security, really needs this
It
!: Investors Service i
1 H
' to wlilclt nnblased Information o can turn with eon- B
P fldence In maUtnn eolectlon with a nicer dliortmlnatlon I
; than over before. 3
g Register jour request for information regarding the fundamentals f
of any two securities you own or intend purchasing -no charge and
! ' no obligation.
t- U
- Used by 27 Banks and Trust Companies of this and nearby Cities.
H. EVAN TAYLOR, inc. f
70nIORRTS BUILDING T
PHILADELPHIA H
?
Ban Rtttrmsth
if EVAN 4
hlTAYUOBIB)
1 I t.w J.I
WVtNvcsroftA
V)5tvic5y
Both rhatu.
1?.- t?.k',t H !-'.: J". 'r e it, ttt4. ),ji
NEW VORK, Oct S Butter. mirkM ;:RU;s;."r V1 '' 'il'- !'!-
stead) lUcslpi,
nun m.v. rr:rT "r".. i-r
ex raT 31c J.lLrs nnn.i :.ll.7 ' "" ' ' ! n,r'' P' S
t i,i M K . r , , ri-r If ' i
1 ' -. I - .J ,.- l -
fmmMmm nmimHimdmmsMm
hef
JONES & BAKER
STOCK BROKERS
HEW YORK . CHICAGO
Have opened an office in the Land Title Building for the
convenience of their Philadelphia customers and offer
investors the following service:
Accurate Executions
Prompt Deliveries
Unbiased Opinions
Dependable Information
Weekly Market Letter sent free an
request. Correspondence solicited.
'NOTHING TO SELL BUT SERVjggu
New YORK PHILADELPHIA Chicago
SO Broad St. Land Till. Building 39 S, LaSalL St.
, , i Bell, Locust 1236
Telephones j Keystone Race 22go
f:rei.t Pn n- W r" to A'l Markets.
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