r FINANCIAL SITUATION
AGAIN REFLECTS AN
IMPROVED STRENGTH
Week-end Sees Change for
Better and Outlook Is for
, Fall in Money Rates,
Banks Gain Cash.
A decided change for the better mny
tie imported in the financial situation. It
It reflect"1 In the progress made In reduc
ing the reserve deficit of the New York
city banks, which ha been accomplished
by both n reduction In loans nnd a g.tln
In cash.
The deficit Is below $18,000,000, a reduc
tion of $30,000,000 from the maximum
reached shortly after the outbreak of the
war. What is encouraging Is that the
trend of the currency Is still toward thin
centre. Indicated particularly by the
premium paid In Chicago for New York
exchange. Tho Interior has not been hit
as l-.ard as has this locality by the Euroi
pean cataclysm. And the grain crops are
a large and arc selling at such high
prices that the Centrnl West and tho
Northwest ale prosperous In spite of the
war handicap.
A quiet liquidation of loans Is also be
ing accomplished without harm, which
In Itself reects generally improving con
ditions, v
BANKS BUY PAPER
The New York banks are going Into tho
market for commercial paper on a larger
scale. One prominent Chicago banker
predicts that by Dccembor the money rate
will bo down to B per cent. It Is now 0
and 8 per cent. In the East and 7 to 8 per
cent in tho West, principally 7 per cent.
The gain In legal money was effected
by banks last week In spite of shipments
1 of $10,000,000 gold to Canada. Heavy trans
fers have been made to Ottawa this week
under tho operations of the $100,000,000 gold
exchange pool, so that we have sent al
together to the Dominion nearly $31,000,
M0 of the metal.
It Is remarkable, In all the circum
stances, that the monthly Treasury state
ment should show for October 1 on in
crease in gold circulation of the United
States of over $17,500,000 from Septem
ber 1. Hoarded gold is apparently com
ing out. Of course, we gain an average
of about $7,000,000 monthly from our
mines, as England is now gaining $13,.
000,000 a month from Africa. There Is
no reason why tho United States, having
demonstrated Its financial strength and
ability, should not bo assisted by Lon
don In extending credits here to help
solvo the exchange problem.
BOND DEMAND IS GOOD.
Naturally tho relaxation in monetary
conditions is encouraging the demand for
railroad bonds of the first class and short
term corporation notes. Transactions In
the former are under the supervision of
the stock exchange Committee, but tho
concessions from the closing prices of
July 30 are said to be only slight. The
dealings In notes are free from super
vision, and these obligations are traded in
on a ba3ls of from 5b per cent, to 8 per
cent , according to tho class of the docu
ments. Locking of the doors against reckless
slaughter of sound American stocks both
in London and New "iork has helped to
elablllro the situation The action of the
London Ktnrlr RKhnnpA In AHnnHnr 4h
5 final July 30 prices as the basis for oper
ations In "Yankees" was highly appre
ciated here. It tells of a spirit of co
operation between the large Interests on
both sides of the Atlantic, which promises
well for the markets when it is decided
to be safe to reopen the New York nnd
London Stock Exchanges.
THE COTTON SITUATION.
An Illustration of the co-operation which
the banks are ujlng In dealing with all
phases of the existing complicated situa
tion Is found in the project under con
sideration for assisting ' the Southern
planters. Many Southern and Southwest
ern banks are planning to raise a fund
of $150,000,000 to be specially devoted to
loans to planters, so ns to enable them
to carry that part of the crop which will
be unsold because of the reduction In the
foreign demand for raw material.
This fund will bo guarded by proper
limitations nnd will probably be appor
tioned, under the approval of the Federal
Reserve Board, pro rata according to tho
financial strength of the institutions. Just
as the contributions toward the $100,000,
000 gold exchange fund were arranged.
This specific cotton credit fund would be
sufficient to take care of 5,000,000 bales at
6 cents a pound. It will afford an im
mense relief to the South and thereby do
good to the whole commercial position.
COTTON NOW IS CHEAP.
Cotton at current prices is undeniably
cheap and the American relief plan,
coupled with those adopted to assist the
Egyptian fellahs, will tend to bring
that fact to the close attention of such
home and foreign eplnners as have been
holding off from purchases under the
idea that they will be able to secure their
supply for a song.
The St Louis plan, as it may be styled,
is likely to be followed by the banks
with regard to every other Industrial po
sition which Is temporarily threatened
by the consequences of the war.
I NOTES OF THE RAIL
A scrip dividend of 2 per cent, on the
preferred stock was declared by the
Southern Railway. This make3 4H per
cent for the year, instead of the full 5
per cent The scrip falls due In five
years and bears Interest at the rate of
4 per cent. A statement Issued said that
the full 2V, per cent dividend was earned
But It was deemed Inadvisable to declare
the fun amount "In view of the falling
ore of revenue and the consequent neces
y for retrenchment of expenses."
AlaSlfan .nllrn.J -HH44. i.l
,.... 1 -"wi4 mancio, wan par
ticular reference to the proposed Govern-ment-owned
road, will be discussed on
Tuesday by Secretary Lane and J. P.
- .eon m wasnington.
he Interstate nomm.a ri.M.iBni-H
railroad 5 yesterday by Southwestern
ton in f?rv an advan of 10 cents a
units! .b.ecr.me e"ec've on December 1,
uivsa ine Commins m, ccno .,,.
....-.w.. wu,.,ua nielli.
The r.-j r..J7Tt ...
ICommi... . ;iinci ruuuc Service
the Slri?" of. New York has approved
Lake MSn?," '. lhe New York Central-'-aie
Shore and Michigan.
beeS ni,rior ,four cas-electrlc cars has
ComDaPnvCh1 ith, the 0c'-al Electric
v-ompany by the Illinois Central.
RAILROAD EARNINGS
I., . ,lo"Na VALLEY.
"r en4 june so.
SSf1!. !!' t.omVim
Xcras.
I7M.4M
SSS.SIO
S7S.6S0
fiJmlT,r"u,, l . 1.71.2!
Ejrplus
7,781
&fI:reaTvn. Mn... . -
rHBd0d Jl,,,, so.
- M45.741
$22,783
19.T7T
33.431
VWSlUJ S06.M3
ut,ui
-4-U
RAILROAD EARNINGS
SMALLER IN SEPTEMBER
Fell Off G.4 Per Cent, ns Compared
With Last Year.
Railroad earnings continue to fall off.
Ores earnings of all roads reporting for
September were $17,472,412, a decrease of
6.1 rer cent, compared with the same
month of last year. A falling off from
the same month of last year Is shown by
rtlmoit every railroad,' The smaller earn
ings nre principally noted In tho South.
ine only exception to this rule Is tho
Chesapeake and Ohio. A gain of $212,015
was made by th.it system In tho month.
Smaller returns were made by nearly all
roads In the West and Southwest.
.OrosH earnings, as reported to Dun's
Revhw, for July, August and September
were ms follows:
1014. ,
..$17,472,442
. . AT. 2,11,2.11
. . 35,440.432
Lfl8
$2,noi,rms
I,ni4,suii
seu.ost
September
August ...
July
FINANCIAL BRIEFS
Three large British steamers have been
chartrcd In Baltimore to load grain there
for Ocnon, Italy. Tho combined cargoes
will, amount to l,2OO,0M hushele.
The Standard OH Company of New
iork has cut the price of refined oil for
exports 15 points.
Tho Treasury Department announced
that bonded cigar stamps shall bo sold
for $1 per thousand nnd that all bonded
cigar manufacturers who have bought
stamps at tho old price Bhall be refunded
tho difference,
Alfred Aiken, president of the Wor
cester National Bank, has been named
governor of the Federal Reserve Bank of
Boston.
Exports of wheat, Including wheat
flour, according to Bradstreefs, were
8,127,000 bushels for the week, compared
with 9.9S4.O0O bushels last week and 6,
149,000 last yenr.
U. S. SECURITIES IN LONDON
Following are quotations for American
securities quoted In London on October
1 and July 30, the closing date of tho
"w'vii wiuurw iAuiiunge:
price
Nome nf Stock. Julv TO.
Amalgamated Copper .V.
Atchison ni
Atchison preferred list;
Atrhlson .1 bondi 101'S
Atchison 4CJ ndjust't 2
Ifaltlmor Ac Ohio ....... ?i
Trice
October 1.
44' -I.Vj
n
87
ns
1)4
05
SO
fill
3.'.
S
s.
a
.1
1S14
tS''
II"
no
70
2
SI
n
104
mo
71
40
12
87
B
8
ims
.
Rl
inn
ivi
7.1
si
HI
l.i
1104
,n
48li
10s
Chcgapeakn
Chicago Gt. Western....
fhlcaKO, M. & St. I
Denver
Denver preferred
Hrle
Missouri. Kan. A Texas
New yirk Central
Noitlurn Pacific
Ori-.-W.tsh 4H bond....
Readlnc
42
12
874
I'4
21
mr.
Southern Pacific an
cio 4 conv. Bonds ST
Southern common 17
I'nlon Paelnc 1174
do com, bonds 1115
U. S. Hteel .13
do preferred 1104
iS dividend.
NEW YORK BANK STATEMENT
Deficit Decreased $10,195,300 In
"Week; Lonns Smaller.
The deficit of the members of the New
York Clearing House Association wan
brought down further In the week end
ing today, according to tho statem nt of
average condition. The deficit this w.ek
If, $",?.il,S3), compared with $17.0SG,C5O Inst
week, a decrease of $10,195,300. Loans fell
ore ?:'6,lw,ow nnd net deposits decreasod
$31,041,000.
Figures for the two weeks compare ns
follows:
October 10. October "
.$2,i73.in.ono $2,2n2.ni,ooo
Loans
Specie
Legal tenders. .
Net deposits. .
Circulation ...
.m,im:,i inp ,(iu,.'.,4,n
07.403.000
U3.502.Oiio
1,01.1,2 w.nnn
l,0(",il,2S.1,roO
133,801,000
357,4S0,0OO
07,270,000
424,736,000
51,1)27.000
17,'JS0,050
it-i.i.j;t,uio
Hanks' casb
In
vaults sivt.nfl.onn
Trust companies'
cash In vaults... 63,011,(500
Aggregate cash re
serve 428.417.CO0
Trust companies'
reserve with
membership 52.801,000
Deficit 7,701,330
PHILADELPHIA MARKETS
PROVISIONS
Trade slow and largely of a Jobbing charac
ter and innrket weak. City beef. In sets,
smoked and alr-drled, 30331c; Western beef.
In sets, smoked. SOfr.lle. , city beer, knuckles
and tendurs, smoked and alr-drted, .11iS'l2e. :
Western beef, knuckles and tenders, smoked.
3ig.l2c: beef hams. J.1S1MO; pork, famllv,
$2e.?2i! 50, hams. S. P. cured, looiw. 14iSl,V ;
dp., skinned, loose, UHTllSo. . do., do., smoked.
IBOlfljC . other hams, smoked, city cured,
as to brand and average. iniifl7e. ; hams,
emoked, Western cured, 1616917c ; do., balled,
boneless, 2124c.. picnic shoulders, 8. P
cured, loose, ll;si2c; do., smoked, lQtJ
(714c: bellies. In pickle, according to aver
age, loose, lMJWVic. ; breakfast bacon, as to
brand and average, city cured, 20?r2lc. ; break
fast bacon, "Western cured. 20iiWlc. : lard.
Western, refined, tierces, UVUSJUc; do., do.,
do., tubs, 10iSlle.: lard, pure city, kettle
rendered. In tierces, 10-Blle . lard, pure city,
kettle rendered. In tubs, llffllUc
REFINED SUGARS
Dull and unchanced. Standard granulated,
nS0(5o53c. : fine granulated. Q2.VS0.50e.; pow
dertd, d.35Sm0c. . confectioners' A, 0.15S)
0.40c.; soft grades, 5.4036.23c.
DAIRY PRODUCTS
CHKESE. Buyers., showed little Interest,
and market weak New York, full-cream,
choice. 11V,Ble. , do., do., fair to good, 13ff
li'jc , do , part skims. UUHc.
POULTRY
LIVE. Fowls steady. Chickens weak
Vow Is. lMH7c : old roosters. 1221.1c :
spring chickens, according to iiuality. H'S1
lflc ducks," 13315c , guineas, young, weigh
ing 2 lbs. and over aplrce, per pilr, 70c , no .
weighing UWI't lbs apiece, per pair. fiU
63c; do , neighing 1 lb. apiece, per ralr, 50c ,
old, per pair. Me pigeons. r?r pair, 155UV.
DItl'SSEI). Fine deslrable-stzed stock
pretty well cleaned up at full figures Frish
klllrd poultry-Selected, heavy, 21e , welshing
11-33 lbs. apiece, 20c , do . 4 lbs -apiece, llic .
do". J'i lbs apiece, lflitflmc : do. .1 lbs and
under, ISftlhc . o'd rooster dry picked, lMtjc .
broiling chickens, nearby, neighing I'iBS lbs
apiece 20p'J2c . do nearby, fair to good.
lfltdSc chickens, Western, 4 lbs and over
apiece, ISc : do , do . .'i'j lbs apiece, fat, 151?
lie . do . do 2V4W.I lbs aplfce. 13'SHc .
broiling .hlikens. Western, 182 lbs apiece,
ITc . do . fair to good. 12314c : sn,uabs, per
doz. White, weighing 11 to 12 lbs. per dos .
MtiStM'.'l white, weighing O to 10 lbs per
dos . J2.7.VSH 50, white, weighing b lbs. per
dos 2 25JJ2 40. do do 7 lbs per dos
$1 75ff2. do., do.. Ofifii. lbs per doj . fl 259
150 dark and Sn 2. 50c fl.10
UL'TTKIt. Wholesale trade quiet as usual
on last day of week, but prices steadily main
tained on fancy stotk. urcerlngs of which were
Psht. Quotations Western fresh, solid-packed
cteamcrv. fancy, specials 33c.. extra, 3lc.
extra firsts. 204K30C . firsts 28S9c.. sec
onds 20827c. ladle-packed. 21St23c, as to
ouallty. nearby prints, fancy. 3jc; do., aver
age extra. 323c , do., rtrsts. 29831c, do..
s'conds. 37S2e Special fancy brands of
prints Jobbing at 3Sfi40c.
KtifiS. Fine new-laid eggs well cleaned
up at full figures. Quotations In free vascd.
nearby extras. 31c. ier dm . nearby firsts.
C 40 per standard caw. nsarby current re
ceipts 7 607 cO pr standard case. West
cm extra flrfcts, S.10 per case, do .first s.
J7.507.M per case; do, seconds. 0fiOa00
uer case. Candled and recrated fresh eggs
were lobbed out at 35137c. per dot., as to
quality.
FRESH FRUITS
Offerings aed demand both moderate Trices
showed little change. Apples, per bbl - -Jonathan
33 30, Uravensteln 2 2JCJ, IJIu.h.
f25Si3; Twenty-ounce. $1.732, Pippin.
SI 7532; other goo.1 anting varieties, f 1 75Q
"'50. medium, Jl130; crab. 4 r.OfflS,
crab apples, per bushel basket. It 50g
175: appjee, uetavdre nu -viiiiiiimi.
rwr
namper,
30 g 51k:
?ulmu. per bbl ,
iiUa.W- Lemon, par Ux,
ix. tmt Gra4-
.i Florida. or crate. i:ixiiii.riu nne-
applc'i, Pr crate Pirto Rl, o. l i33 25.
Flerlda. J182 50. f rancor fles. v'ape fed
Krlv Black, per tM . l xmo. cranuorne.
Cava Cod. Early Black, j?ir true. Jl 7
rranbirrlu. Jer per en u Park II
I 756S'
1175
2 25. light. JlsTl 2 Peac'ti. Virginia, per
30-lb basket, 4073c . 0.. ao.. per crate.
I1C1 73 do. PeUKsre rH Maryland, per
halktt 45.150c , do. do per crate. J181 75,
pach-i, New Yvk and Pirnsvlvanla per ba-tet-I
r, h n T yell w 10 fall medium.
EVENING LEDGER-PniLADELPillX SATUBftAY, OCTOBER
CHICAGO WHEAT
MARKET FIRMER;
MOVEMENT LESS
Falling Off, Especially at
Winnipeg, and Sales- of
500,000 Bushels Yester
day Are Responsible.
CHICAGO, Oct. 10.-A further falling off
In the movement, especially at Winnipeg,
and repot ts of export sales yesterday of
about 600.0001 bushels, caused firmness In
wheat today. Futures eased WSe. high
er. Trade was not active. The foreign
markets were barely steady. Cash sales
hero uero 10,000 bushels.
Corn opened a little higher on wet.
weather in the belt, nut later rangcu
lower on limited speculative support and
lack of demand from the East. Cash
sales were 47,000 bushels. Futures closed
unchanged to ,ic. lower.
Oats developed a heavy tone. All
clnsses of buyers held off In expectation
of three days' nrrlvals on the market
next week. Cash sales were 105,000 bush
els. Futures closed Vic. lower.
Nearly all the trade In provisions wan
In lard. Nearby deliveries were strong
nnd higher, reflecting good cash sales.
L'adlng futures ranged as follows: ,
Wheal- Onen. HIsh. Low. cioge, ciose.
December .. 1.O04 1.1014 J nnM. ;?-? ll-??
May 1 1.V.4 1 lnfi l.M't1.13if 1.13
Corn (new delivery ...
December .. H7'l OT'l CA JO.
May lt Gl 100,
01
ilb
07
tOO'i
47H
51
Dntu
December . . 47Ti 4711
47
soli
May
til
uU.1
Lard
October . .
November
Jnnunry .
lllbs
Oc tobor . .
Jnntury .
Pork
.lanunrv
n.R."
!I.R2
1187
10.0.1
0.07
I). 03
nsi
ft 82
0 87
10.01
0.117
(1.P2
10.S.1
U.SI)
n.75
0.71
0 82
IO.RO
0.77
18.73
O.SO
0.87
10.CO
0SO
.l'.SO
18 90 flS.87
Hid. tAshed.
GRAIN AND FLOOR
WHEAT. receipts. 210,104 bush. The
market Mas oulct. with little change In price.
Quotations Car lots. In export Bevator. No
2 red. tpot end October, $1.0031.001 No. 2
red, Western, $1.1091 1.1: No. 1 Northern Du
luth $1 lilfll. 10
COIIN. Receipts, 4M5 bush. Trade was
(inlet, but v.lus v.cro steadily held. Quota
tionsCar lots for local trade, ns to location,
No. 3 yellow, SUJSUic; Steamer yellow,
OATS. Receipts, 47,587 bush. The market
ruIeO steady, but demand wan light Quota
tions No 3 whlto. S19'Sl4c. ; standard white,
SOff.imsc.: Nu. 3 white. 40WfJ.-,0e.
I'l.flUn Receipts, 104.1 bbls.. 1.000,807
lbs In sacks. Trade slow and market largely
nominal Quotations: Per lOH lbs. in wood
Winter, cloir, $4.r,C34.83: do., straight, $1X0
Hit. IS; di.. patent. $.1 2.K73.U0; Kansas straight.
Jute sacks, $3.10..3.1, do., patent. Jute ncks,
$1.4011.1.0.-. spring, first, clear. ?4.7.'.'Sr; do
strnlrhi, S5.1OTC.40, do., patent, e.l.BOfftf.7.1;
do favorite brands, fr,nn.rft, city mills, cholco
and fancy patents. ;aQn.30; city mills regu
lar rrades. winter, clear. Jl.fiOTM 8.1: do.
BtialRht, S4 00ff.1.15; do., patent, $5 23473.60.
KYr, TI.OUH. Quiet nnd unchanged.
Quotations Nearby and Western, in wood, at
$.19..S0.
LIVE STOCK QUOTATIONS
CIIICACO. Oct. 10 HOGS. Receipts.
B.1UU. market Br. higher; nilxeu ami uutcners1,
$7.4.1??8 40: good heavy, $7 M..1."i. rough
heavy S7.1M 7 73; light. $7 UWs 33; P gs,
S3 4017 03,
bulk. ?"
:l.ias 25 CATTLK.-
HI-
celpts, :00; market steady, beeves. $'! 1SHII;
cous and heifers. si T5'i.n; btockers
heifers.
nnd feeders. J5.75f7S.20; Texans, J7.40'!?
P 7ii. HHlJKP Receipts, woo: market strong,
native and Western, $3.5095.73; lambs, J.1.5U
(93.80.
STEED TONNAGE SMADDEK,
Tho unfilled tonnage of the United
States Steel Corporation on September GO,
1914, was 3,757,657 tons, a decrease of 423,
004 tons, ns compared with August 31 of
this year. The tonnage was the smallest
of any month this year and is also tho
smnllest since January. 1311. when It was
3.110.919. The September figures are
larger than any month In 1911 with tho
exception of December, tho total In that
month being 5,031,761. The tonnage on
September 30, 1913, was 5,003,755.
S-hasket Extra large, 73ig$l 25; medium. 20
fHOc. Pear. New York, per bbl. Seckcl,
$I.5"6C: Bartlett. Xo. 1. UfiZ 50; do.. Jv'o. 2,
J .vim.!, lieurro llose Jlfl.1 ,'iO; Sheldon. f4'a.'i
Ilfurro Clalrgeau. 2 ,vnn.5fl, Heurre d'Anlou,
S2 25S3.23: Duchess, J2 251j;i,25: Howell. S2S
-..'.0. other varieties. ig:;, pears, llartlett or
6eckel. per bushel basket, 11.2332. firapes,
New York Concord, per S-lb. basket, 13815c:
do. per 4-lb. batket, SffOc. ; Niagara, per 4-lb.
basket, Sflloc . Delawares. per 4-lh. basket.
lo . do., per 20-lb. basket. R5ft40e. Plums, tier
S-lb. has
sun,
20JJ23C. cantaloupes, Colorado,
per crate. jlgl.M: do., do., flats, 00c TJ1.
uivrineiunF, jerBe;, per 1UU, juu-o.
12S13C. ; erapes. Conrord. per crate, 40U50c,
VEGETABLES
Sur;illps fairly liberal and general market dull
and weak White potatoes, per bush., Pennsyl
inula, finfltvie.. do, do, New York, BOS33C,,
white potatoes. Jersey, per bskt.. 35ffe Sweet
potatoes. Eastern Shore, per bbl.. No. 1, f 1 TS
H2.3.1, ill. do., No. 1 7.V0S1. Sweet potatoes.
North Carolina, per bbl.. No. 1. S1.7&92, do.
do., No 2. TSofltl. Sweets, Jersey, per hbl ,
No. 1. J2.6O0J2.73; do. do.. No. 3 il .WSl.7,1.
Sweets, Jereoy rer basket. 4.1360c Onions,
l'er bush.. 0fl45c ; do., choice, per 100-lb.
par Jl. do . medium, per 100-lb bajr, TSjJOOc.
Cnbbtee. domestic, per ton $111512 Celery,
New Vork. per bunch. JlOgsoc. Mushrooms,
per 4-lb. basket 1fT4.
APAHTMF.NTS
THE TIOGA
Sample now rady, 16th and Tioga sts.; 1
and 7 room housekeeping apirtments; larxs
porches, modern In every respect; most de
slraMe location In North Phlia. : convenient
to both train and trolley; open every day.
WORSTER & KRIDER
3515 OER.MANTOWN AVE . or on Premises.
HBAI, KSTATC FORnEXT
I.ngan,
S3700 S4000 S5000
20TH & ONTARIO STREETS
Opposite Tioga Station
75 Trains Daily
FACING PROPOSED PARK
7 and 0-rooni houses, hardwood flni.h ..a-
quetry floors, hot-water heat, gas kitchen
laundry, electric lights, largs stona porches'
lots 100 and 155 feet deep
EASY TERMS
Apply CHAS. D. LAND and
DANIEL J RAGA.V
BUILDERS ON PREMISES
Or ALBERT H. LADNER. Inc.,
AGENTS 3TII AND GREEN STS
City
Gerhard Street
and Ridge Ave.
Roxborough
Rent $25
3 stories. 9 rooms and bath, elec
tric and gas light, steam heat, laun
dry tubs, large yards, front porch,
all modern conveniences.
G, C. & J. F, BOWKER
1371 MAIN &T MANAYUNK
880 N, 23d St. $30
3 -STORY 10 ItOOMS KEY 874.
KEDECORATED THROUGHOUT
JUST BELOW CIRARD AVE.
H. I. BENSON, 3342 Gta. Ave.
SMALL STREETS IN .
CENTRAL SECTION IN
GROWING DEMAND
Chances for Owners to Im
prove Properly and Get
Better Returns Shown by
Developments.
The taking up of popettles In the
smaller streets close to the larger and
more expenslvo ones on prominent thor
oughfares In the central section has ex
tended very much of late', nittenhouae
street, lying n short distance north of
Spruce street, was taken In hand soma
years ago after It became almost Im
possible to obtain anything in "Little
Dc Lancey place" or Brides' How, lying
between 21st street and 22d street.
Itlttenhouse street, from 17th street to
18th Btreet, or the eastern boundary of
Rittenhouse Square, presented great ad
vantages, and small dwellings were al
tered and modernized, giving a most
pleasing effect. Today prices are ex
tremely high for a small street.
Among sales the following nr found:
-Vos. 1713-15, sold April 7, 1902, lot 16.6x68,
for 7500 each; Nos. 1719-21, told Febru
ary 20, im, lot 18.6x6, for 120,650; No. 1717,
sold June 3, 1907, 15.6x66, 12,000; Xo".
1709-11, sold August 13, 1013, each 16x66,
for J16.000, and on May 6, 19H, No. 1711
was resold for $8750.
About three years ago, Rittenhouse
street, between 22d and 23d streets, enme
Into consideration. No. 2211 was altered
Into a neat colonial dwelling; No. 2222 has
also been greatly Improved. On Decem
ber 1, 1900, 2217 was purchased for $30C0.
It had a lot 16x62, was torn down and a
fine colonial dwelling of four stories was
built upon the site. In this street, ns late
aa July 16. 1906, No. 22U, lot 16x62, sold
for J3100. In this blork It Is now very
hard to buy an unimproved dwelling nt
double the figure they commanded flvo
yi'ars ago.
Sansom street, between 21st nnd 2.'d
streets, on the north side, has for a good
many years contained a row of well
built modern small dwellings, which havo
been In good demand since the Belgian
blocks were replaced by asphalt. Lately,
tho demand has extended to the same
street between 20th and 2lst stifeets,
where No. 2020 has been Improved by a
red-and-black brick front and modern Im
provements were made In the dwelling.
No. 2018 has the wide, single window
effect and is attractive, nnd No. 200S hns
been Improved. Sales In this block nre
not numerous. No. 2012 sold December 18.
19K, lot 15x30, for $3100. Nor. 2000-2002 San
som street were sold September 5, 1910,
with Nos. 12S-8-30 South 20th street, by
Robert C. Llpplncott to E. T. Stotcsbury,
who liar Improved the 20th street dwell
ings nnd !n now altering the corner, 20th
and Sansom streets. On March 4, 1912,
No. 2025 sold for $13,000, and November 2,
1910, 2023 Fold for $22,600, lot SOxlOO, being
a brick garage.
Thus It Is evident that buyrs nre turn
ing to the smaller streets, where a great
deal of comfort nnd the ndvantago of get
ting about quickly can be enjoyed at
moderate cost.
ALTERATIONS AND THEIR COST.
Alterations of small properties at times
detnr a buyer and make him doubtful
If the result can be obtained for example,
a house on a lot, say, 15 to 16 feet front
by a depth of 70 feet, the dwelling will
bo found to go back about 50 feet. This
can be Improved by a new front, new
bath arrangements and other simple ad
justments, from $1500 to $2000, including
paint and puper. Care must be oxerclscd
to have the general construction done In
a way that will please the buyer, for if
nothing will do within the walls it is
better to pull down at once.
A fair proportion of city dwellers will,
as long as possible, occupy homes rather
than apartments. This appeals especially
to young couples not facing any of tho
troubles of housekeeping.
APARTMENTS
LAWNTON
JL
m&
m&
m:
m
i
In the heart of the Beautiful Suburban Residence District of Oak
Lane. Five rooms and bath. AH outside rooms. Individual
entrances and porches. Finest in Philadelphia or suburbs for
the money. S50 per month. Come see them. Eighth Street
and 66th Avenue, Oak Lane.
C. E. LLOYD, Jr., Builder and Owner
11 EAL ESTATE FOR SALE
llosemont.
"In Beautiful
Stately Suburban Homes on Montrose
Ave. between Old Lancaster
Road and County Line
Just completed. IS rooms and 3 caths, built on LARC1B LOTS 100i,',5
(eel lth option of purchasing 200 or more feel loiaud In the most
convenient part of the prettiest suburb along- the Main Line. 3 minutes'
walk from trolley or Pennslvanla nallroad Station Ciarare privileges
These houses hava received the benefit of thirtv i.ir. or ...v..
I urban home hulldlns -they possess every conceivable housekteplni; '
convenience. For full particulars phone Hrjn Ur 10s
r write CHARLES SIM. VtOSEMONT. PA !
Itidley Park.
RIDLEY PARK
On Ridley avenue, at the lake; new bunga
low, living- dining", modrl kitchen. 3 bed.
rooms and bath, room for 2 rooms In second
tor, hot water heat laundry, hardwood nn
th. front and side porches, lot. SOxlW; old
hade, lake view; price. $4200; only on left.
Only $S00 In cash required Five minutes'
walk from station Telephone
E. L. MOORE
917 South 15th Street, Phila,
l-ogan.
5300 NORTH CAMAC ST,
Beautiful sU-ard houses, latest Im
provements throughout Agent on premises.
M. M. SMITH
BROAD BT, OPPOSITE LOGAN STA.
ijltf- -finsi imai ' nr.ni riirmi 1 nini..,- n
One thing1 that will have to bo OYer
come Is tha presence In the smaller street
of stables, which were used when It
was a great ndvantago to dwellers on
Walnut and Spruce streets to have them
near at hand, nnd before telephones were
In general use.
These have now been altered Into
garages, however, and with the present
facilities to move quickly It Is not at all
Importnnt to have the garage so near.
Doubtless, with this view In mind, the
streets mentioned could be used entirely
for dwellings. Another consideration, and
ah Important one, Is that the're would
be less fire risk and better Insurance
rates obtainable If the garages were re
moved entirely.
A good many thousands of dollars have
been spent In bringing up to date nnd
enabling owners to get more rental out
of such small dwellings on the lesser
lanes of the largo city.
NOTES OF THE STREET.
Plans are under consideration for al
tering the dwelling of "the late Btephen
H, Fotternll, northwest comer of 20th
and Chestnut streets, Into an office) and
store building, and It Is only a question
of time when the work going on nt 33d
and Chestnut streets will meet the busi
ness pressure coming west.
A large number of land damage cases
nre listed In tho different courts of Com
mon Pleas for the month of October,
Sheriff sales this month showed the
smallest number of properties for any
month thfs yenr.
Tho real estate market Is quiet. It Is
expected to Increase In activity In a few
weeks. Money Is badly needed, and Its
supply Is rather limited, JESSOR.
FOREIGN TRADE INQUIRIES
Addresses of foreign Importers making tho
Inquiries may be obtained from the Hureau of
rnreign and Domestic Commerce, Department
of Commerce. Washington. D. C. or Us branch
offices. Inquiry number must be mentioned.
No, 13,920. Leather. An American
consular officer In Europe has transmitted
the names of Importers who arc desirous
of securing tho names of American firms
from which to purchase chrome upper
leathers and heavy grade sole leather
suitable for army footwear.
No. 13,921. Carnons. An American
Consul In Great Britain has forwarded
tho names and addresses of a number of
firms of electricians desiring to be placed
In communication with manufacturers of
American carbons.
No, 13,922, Zinc oxides, dry white and
red leads. A highly reputed house In the
United Kingdom has advised an Ameri
can consular officer that It wishes to se
cure the names and addresses of Ameri
can makers of zinc oxides, dry white and
red leads.
No. 13,923. Drugs nnd Instruments and
dyestuffs. An American consular officer
In Russia reports that there Is an urgent
need of drugs and Instruments In his dis
trict. No. 13,924. Drugs, etc. An American
Consul in the Far East advises that hos
pitals want catalogues and price lists
from American wholesale druggists.
WEEK'S BANK CLEARINGS
They Show Decrease Compared With
Same Period a Year Ago.
Total Clearing House returns to the
Financial Chronicle for week ending Oc
tober 10 (Saturday estimated) show gross
exchanges of J2.D39.937.S43, against $3,311,
160,40s last year, a decrease of 24.0 per
cent.
Following ar the clearings at the prin
cipal financial centres for this week and
tho same period of a year ago.
Dcrease.
inn. inn. pc
New York .cl.O2O.O70.MJ $1.4rt.S2!,7.12 31.4
notion . . . ioi,3.in.ma i27.BS2,3si is.2
Philadelphia 121.MS.nsu 1X7I2,71R 10 2
Baltimore . . 2i.S'i4.:vn 31.lM.lDrt 7.3
Chicago S(-.S10 3ai 270..V3.fV17 12.1
st. ixjuii . r,n,ii'i.:fl.i 7n,s7(i,nsi inn
New uricans l.i.u-.i. 11.1s in,.i,ki,s:a 2.0
BUYING ARGENTINE MEAT
BUHNOS AIRES. Oct. 10,-Liberal ex
ports of meats from tho Argentine to the
United States have taken place during the
past neek. shipments amounting to 3I.C00
quarters frozen and chilled beef and 6000
cnrcasFcs lamb, compared with 13.000
quarters beef and 1000 carcasses, mutton
the week previous. Since January 1
clearances aggregate 032,000 quarters beef,
103,000 carcasses mutton and 70,200 car
casses lamb.
APARTMENTS
New Housekeeping
Apartments
A
'"$iv
yZfmwxvzasfrjzi
&
HEAL ESTATE FOIl SALI3
Itosemont.
Rosemont"
(eneral.
A New Operation
OP THOSE
LOUGHRAN HOUSES
JUST LIKE THE 115 THAT WE BUILT
AND SOLD LAST YEAR
See Sample Houses
4832 North Fifth Street
Price $4000
ALSO
516 Eleanor St Price $3200
Ths have porch fronts, all modern 1m-
firovementi basement laundry, tlectrlo
Ights. Built with the stability that has
made tho Lougbrn house a standard, of
(004 construction See
JOHN LOUGHRAN'S SONS
6TH ST., BELOW ROCKLAND ST.
10, 191.
GENERAL SENTIMENT
GROWS IN FAVOR OF
RAIL FREIGHT RISE
Commerce Commission Be
ing Urged by Various In
terests to Permit Five Per
Cent. Advance in East.
General agitation Is being kept up In
favor of granting higher freight rates to
the railroads, The Interstate Commerce
Commission Is receiving presentation of
views from Investment Interests which
are vitally concerned In restorll.g pros
perity to transportation lines.
It is Interesting to noto that one of the
members of the commission which the
Investment Rankers' Association of
America ts to send to Washl- 'on to
plead for the roads at he rehearing on
October 19 Is Frederick Strauss, who was
a member of the Federal Commission
which President Taft appointed In 1911 to
consider the advisability of national su
pervision of railroad securities. That
commission, In Its report, pointed out tho
need of larger Income to enable the ronds
to sustain their credit nnd rniso the lm
mense capital sums required to maintain
and enlarge transpo-'atlon facilities.
Every argument in that report, flay
railroad Interests, applies with Increased
lurce 10 ins raiiroaa posiuon mat inuuy 1
demands consideration from the Inter-
state Commerce Commission.
The Railroad Securities Commission
iikatj estate: for sale
Olner.
It is
VlnrA
s,
S WVIT Jl f '"
'"yF f
W
to win your own home. The vlctorv is a lasting pleasure. Before
starting the fight look over the battlefield well. Be sure to see
Whelan's Oiney Homes
On the Famous Wellens Avenue Price $2300
ONLY A FEW OK THE LARGER HOMES LEFT
Duncannon Ave., $3250, and Fifth St.. $3650
100 INDIVIDUAL HOME SEEKERS HAVE WON OUT
COME JOIN THE VOLUNTEERS
The location is conveniently near stores, schools and
churches of all denominations. One fare to every part nf the
city 5th st. cars pass door. Tabor and Oiney Stations, P.
& R. Rwy within 8 minutes' walk.
t
P. J. & JAMES T. WHELAN
S E. COR .-TH AND FISHER AVE. (5300 .Vorthl
AGENTS ON TREMISES
West Philadelphia.
m&faw$ii; -v
W
IF YOU ARE SEEKING
f
IN A REFINED LOCATION
SEE PATTON'S HOUSES
57th Street Thomas to Whitby Avenue
(TWO PQl'ARES SOlTH OF BALTIMORE A ENTT)
Nlns larse rooms, hot-uater heat elerrrl light, parquetry doors, open
fireplaces; front and back stairways large. room porches, thoroughly modern.
PRICE $4700
-Q
Y6
All car lines crossing OOth st. pass
ir.e muare went of properties.
ROBERT A.
I
BUILDER AND OWNER, ON PREMISES
&
NF.WAND UNiniJK STONF.
- . .. -- - V..M.
wMiwS
NASSAU ROAD Si?,"?,
(Flrt S'reet Pnth
YONKER & SON
Real Estate
317 South 56th Street
OFFER FOR SALE
Stores In good business sections,
desirable dwellings in good resi
dential sections.
VACANT GROUND RIPE FOR
mil. dim;
THE IMI'HOVEl) Sl'NI.KiHT HOUSE
BUILT BY ANDERSON"
DIFFERENT FRONT AND FLOOR TLAN
FROM ANY HOUSE IN PHILA.
57TH AND WHITBY AVE.
(2 squares south of Ballmore avenue)
H. P. Anderson SloW,
ses.
nut
Him and Phrlsiian I
TWO AND THREE STORY Til IN
HOUSES
"BUILT BY ANDERSON"
Christian St.
60th to Jd st.
Best-Looktne Street In Philadelphia.
H. P. Anderson SSfWftS-
iWh A Whitby
General.
( BOULEVARD HO M E S
MODERN IN EVERY DETAIL
$2800 $3500 $4000
TERMS TO SUIT
K.,?IGJIT.S STB BET AND WINGOHOTKINO STREET
boutn of the Boulevard One Square Fruro Hunting 1'arl
Two atory
y. Porch front. 8 rooms, hot
trie ana ens
fn'blaem-n'r8' Pr.1u"-y ""org and hardwood nnl.h throughou" LauSdry
th.m he?'.v,?imanyJ,hr new an attracts e feature., chief aolr
IKfllllllF. .Hi CJS rtw ..al
, 0 v,,w t,tivv aim IWfHia.
HART & BAILEY, BuUders and Ovmer,
iiS
was composed, besldeo Mr. Strauss, of
such men of prominence) a Prof. Arthur
T. Hadlry, of Yale University; Frederick
J Judson. Walter L. Fisher, RatthAsar J.
Meyer and William IS. 8. Qrlswold. It 1
considered of good omen that Mr. Meyer.
who was a college professor of high
economic standing, Is now a member of
the Interstate Commerce commission.
Political sentiment 1ft today more iri
favor of the railroads than ever before,
and fhat, It Is figured, ought to help the
case of the common carriers. The rail
road situation, even under existing handU
caps, bpglns to show eiome Improvement.
Returns from 139 tending roads In the
country to the Washington board give
gross earnings In August nt only $9,700,009
under the same month last year, while
reduction of operating expenses permitted
a gain In net of more than $3,000,000.
PUBLIC UTILITIES
A summary of reports of street railway
companies operating In the city of New
York, for the quarter ended March 31,
has been Issued by the Public Service
Commission. It shows a net corporate
Income decrease of $259.8 16. Operating
revenue Was $22,619,391), nnd net, $19,
061,191.
Stockholders nf the East St. lyouls and
Suburban Company will meet October 2t
In the otltce of the company, 417 Market
Bttet, Camden, to act on n reduction
of capltat stock, from $11,000,000 to $1,000.
000, in uccordancp with the reorganization
plnn recently put through by tho direc
torate. The Western t'nlted Gas and Electric
Company, which supplies the suburban
districts surrounding Chirngo, reports
net earnings for the 12 months ending
July 31, 1911, of more than 2U times the
Interest charges, or nn Increase of J1OT,-
000. as compntpd with a similar period
for 1912. In the Inst seven years the
numbers of gas meters nnd the number
1 of electric meters In use have doubled.
n 15 a 1, kstath rem sale
Oiney
V
Not a
TWfr1ra
V.pt Philadelphia.
7
A TWO-STORY HOME
south to 5Sth and Thomas at.
PATTON
HO SF.S ART.?'y.M .beautiful
- .VW W ! t.
o:inl
of Oifnr 1 r.et
' mbinlnp Suburhan Con--ru-tiin
with Cltv Con
nin..s Houses 13 feet
trnt r.on .1.1 fett wide
t:en conceivable conven
nre h.- been Installed to
oke rhene houses "The
tlenl Homes' thev really
r rvntr.il heat plant well
-rm .-ontlderlns; Is a
pet luTurv.
11 PF.KCnAI. JOHNSON
D'ii dr on Premises, or
40.1:1 Lancaster Ave.
Then houses nny bs
rahd either via Elevated.
PikMng north up tiOth at .
0.-r v.k cars on Arch st ,
or P R R . getting erj at
0erbronk Station
Profit IN Real Estate
If vmj want to make monev, now Is
the ilm Pu' every dollar vou can
spjr Into ral estate, hut do It nlselv
ThiT- .ire manv rare bireains on the
marker as well as some that onlv
look like bargains We m.ike ap--laln
of investment real estate, and
"111 tind hack, of an) proposition we
recommned
If you own propertv and are not
getting the returns you should let us
manage It for you We will make it
pay on a fair valuation or will not
charge you anything- for Its manage
ment A vear ago a gentleman gave
ue IS houses to manage Hilf of thm
were vacant most of the time before
ue got them Every house Is now
rented The average rent pr houte la
$.'7H The average ot of repairs
for this year has been at the rate of
$17 10 per annum per house and the
properties nr now pajinz beitrr than
nt uii) time fur (h Irntt llvn jertr.
It villi pis ou to 1 onsult ui.
whether vou are interested In real
estate as an Investment or for a home.
THOMAS II. MAilVMS A- POX
SOflfl Ilnltlmnrv Vveniit
THREE CORNERS
with l'ltn.vrn i.akage
The Improved Sunlight House
oitft in1 w nit i
We
H. P. Anderson
On Pre.nises.
.1,110 V4lnm St
fieneral.
TIT
-water heating throughout. eUe-
Lrt.l.a.. I.,vr... l.u &. ..,.! m .
1 "i t V --X
tlssi--gbv
L
Just 11
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JH
1 ir
egan
Tin
mini?
nal
N'lck-
na in
nutes
seat
s fl,J.
In-
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