Evening public ledger. (Philadelphia [Pa.]) 1914-1942, October 12, 1914, Night Extra, Page 12, Image 12

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EVENING LEDGEft-PHILADELPHIA MONDAY. OOTOBEB 12, ,191
12
M
i
.5
:1
;i
m
f";
BANKERS EXPECT H.Y.
INSTITUTIONS WILL
SHOW SURPLUS SOON
Situation So Improved That
Deficit May Be Wiped
Out This Week Steel
Dividend Prospects Good.
The average statement of the New York
tusoclatetl batiks did nut reflect In full the
nctu.il clianget which occurred during the
past week. There la the ame disposi
tion now to lefrnin from malting public
favorable developments n prevailed pre
viously In withholding unfavorable devel
opments. The degree of 'mprovement fan
Tiol bo me.isuied by weekly changes, but
the progress made can be best shown In
ft comparison with tho figures of cIopo
two months ago.
Tho bank' cash holdings on August S
wore SIWjSO.OUO. mid In the bank state
ment on Saturday were recorded at $123,
UT.noo. On August 1.". dcpoMts were 11,012,
fSI.OOO, against Which deposit" of lt,D15,
JTO.0OO were shown on Saturday. The loan
Item shows little change since August 15.
On that day tho loans were reported at
J2,22UD,00, from which they Increased
to $2,2CO,:2,0'0 on September 13, when a
gain of t;;,:S,X0 wus made In a single
wpck, with the outstanding loan in Sat
urday's bank statement placed at $2,1".,
J3S.000.
EXPECT TO SHOW SL'ItPLlTS SOON
The gain in cash, which has been made
whllo sold exports to Cinada were In
progress, furnished the nole means for
the recuperation in tho portion of tho
cltv banks which has been affected since
August 15. It is possible that the deficit
of $7,000,000 will be entirely cleared at tho
end of tho week, when the next bank
statement is Issued and that the associ
ated banks of Now York city will then,
for tho first tlma In 11 week, show a
surplus over reserve requirements. Thco
figures speak for thrmilves and require
no efforts at explanation to show how
greatly the banking position has heen
Improved since open securtt dealings
Were su6,vnded.
Ne.t ff th- banking situation the divi
dend prospects of tnlted States Steel
common' have assumed the most promi
nent fosltlon as a market influence In
the npar future. This dividend will be
nctedon two weeks from tomorrow. The
general understanding is that the policy
had been agreed upon to continue divi
dend payment on the common stock until
the Jli.OflO.nOO surplus remaining from last
' year's earnings had been exhausted.
STEEL Bl'SIXESS BETTER.
A little over tllon.fliio was drawn from
this surplus In meeting dividend require
ments in the first two quarters of the
year, leaving about f l.oooOJ to be applied
to tho requirements of the third quarter.
The amount required to pav m per cent,
on the common toek in JG.3S3.TS1.
Tho business of tho company for July
and August was the best of tho current
5 ear, as far as output is concerned, and
prices were airly good In that period.
Recently new orders hae been coming
In slowly,- but September's output was
60 per cent, of capacity, and the company
should show In the quarterly statement
several million dollars to tho credit of
this stock. Thi-t to justify the payment
of the dividends quarterly.
COMMODITY PRICES
NOW AND A YEAR AGO
Nineteen Are Higher and Same Num
ber Lower; Two Unchanged.
"Wholesale prices of 41 commodities, as
given by Dun a Review, show that pr!c3
at the closing on Friday of last week of
IS articles were higher than the same
date of last year, while equally as many
were lower and two were unchangod from
the previous var.
Numbered among the article which
were higher in price were butter, apples,
flour, wheat, corn, oats-, rice and sugar,
while some of tho articles lower in pri -e
were coffee, cheese, eggs, prunes, beef,
pigs, lard, potatoes. Iron, steel billets,
tin, petroleum and print cloths.
The following table gives the minimum
wholesale prices on Friday and tho soma
week a. year ago of il leading commodi
ties at New York city, unless otherwlEO
specified:
This
week.
Beans, mnrrmv. chnlre. Iff) lhs.1'130
Coffee, No 7 Mo, lb ,. .Ctl
Standard brown shoettnys, yd., .f74
Print cloths,. d .03
Butter, ireimery extra, lb 31 Vj
Cheese, f c, fresh spec, lb 15t4
Tear
ag
sacs
.HB,
fit
.31
i.ggv. western nrsia. joz.
.!
Apples, evnp.. choUe. lb .10
IP
.no
4.IO
t 10
mv,
.78
,
13 Tu
l.to
.101
.lSVi
.so
.11
lQftJ
i'runes, .i"-ii cii , id
Pi
.11
Peaches. Cai . dried, lb..
Raisins, lb
Flour, spring patent, bbl..
Flour, sprint? clear, bbl...
Wheat. No 2 red, bush .,
Cork, No. 2 mixed, hiwh.,
Outs. No. 2 white bush ..
Oil
7'i
ICO
una
1.1Ti
.si;
.53H
l'ih"
.2HJ
.104
.31
Cotton, middling uplands,
to...
Hay. prima timothy, loo lbs
Hides, Chicago tw' No I, lb.
Hides, Chicago cows native, lb.
Leather, hemlock sole. lb
Leather, union barks, lb..
.41
Iron. Dlr. F. No. 2. PhlL. ton. ..14.TS
rile!
I billets, I'lttsDursn, ton,...;g.5n t S3 m
lets, Pittsburgh,' t
Lake, New i ork.
Comer. Ljlk
lb..
.12U,
1B'4
Tin, New Tork
10
."lU
J3
710
7SS
S.Vi
10 OS
ias
21 1
.031,
7t
4.45
.13W
23 r,7
Beef. live. Chicago, li'rt lba 6 SO
llojj, live. Chicago. HO lbs..,, 7 20
Sheet), live. Chtuiiro 1in lbs.. , 4.71
lard, prima st , chic.. ICO lbs . D 1,1
Short ribs, loose. 100 'bs 10 TS
Mesa pom. Chicago ,hl ...,,..17r.O
nice, domestic, rrtme. lb....... 05'i
ftubber, Up-Hiver Para, lb .. .(M
Pugar, stand gran, 1Y) lbs .... ft. 75
Tea, Formosa, fair lb ., .IB
Tea. Japan, low, lb ,., .IS
Totatoes. State, bbl 173
Wool, avs., 100 kt , Phlla., lb .2?.70
PUBLIC UTILITIES
CTlarenca H Clark, 3d. Frank S. SU11
man and Sidney Clark have gone to
Michigan for an annual Inspection of the
Commonwealth Hallway, Power awl
Light Company properties. Tills company
it the largest utility holding corporation
In the country. It Is managed by a local
banking firm and a large number of Its
securities are held here.
The Kentucky Traction and Terminal
Company of Lexington, Ky., has begun
tha sate of six metal disks for 36 cents
In place of paper car tlokets. Tho disks
are wrapped at th office of the company
In envelopes bearing tho name of the
company. The object of selling the disks
In this way Is two-fold: First, to take
tha ale of tickets out of the hands of
the conductors, and second, to prevent
tha disks from being rewrapped by the
conductors or the public.
The Public Service Commission of In
diana has sent letters to the Central
Union Telephone Company and th In
dianapolis Telephone Company, ordering
them to submit Immediately physical
isluattons of their local exchange prop
erties and pointing out that neither com
pany apparently has made anj effort to
further tha plans of the commission look
ing toward physical connection or a
merger of the two telephone companies
la Indianapolis The letters mean that
tha commission Immediately will push its
plan to compel a merger or at )past a
physical connection, betweea tha "
leepaoB systems. t
PHILADELPHIA MARKETS
The bunks and trade exchanges are all
ckeI In observance of fohimbtM Day, a legAl
bniid.iv, and wholeate bulne is generally
suspended Tracking fresh data on which to
bade reliable quotation, our ttmal report of
th market Is neceMrlly omitted from to
dm a lsue
ARE COUNTRY'S STOCK
EXCHANGES OF REAL
WORTH TO BUSINESS?
Broker Answers This Very
General Query by Empha
sizing Their Absolute Ne
cessity to Properly Deter
mine Values.
There lias been much talk recently
as to the necessity of over reopening tho
world's stock exchanges. In view of tit
fact that the country's business has
"Bono nlotig Just the same" since the uni
versal shut-down on July SO.
So long as a country has nny degree
of prosperity, so long will it have surplus
funds to invest. Lot us Imagine the sll-
nation If the various stock esehangoj
did not exist Securities ure a favorite
form of Investment, largely on account of
the lack of detail and expense In making
such an Investment nnd also tho celerity
with which they can be converted Into
current fumlR.
If one wlihod to Invest In Pennsylvanl i
Railroad there would be no criterion of
the value of this security and the prlc
paid would be what could be extorted
by the seller, nnd all other considerations
as to business conditions, and tho supply
nnd scarcity of funds, which at present
govern the vnluo of securities, would not
enter Into It. In the event of one deslrlrg
to sell securities the same conditions
would exist and the opportunity for the
unscrupulous nporntor to make enormous
profits would be unlimited.
VAIA'CS ItKKI.HCT I'RQSFERITV
As It I.at present, the value of sccuii-
tles Is governed by the inevitable law of
supply and demand, and tho supply and
demand Is governed by the economic con
ditions existing throughout tho country.
One need not be a business man to per
ceive whether the business conditions of
the country are good. Ho only has to
glance at security quotations and ascer
tain whether they are rising or declining
and he has the situation In a nutshell.
Mnrket ability Is one of the most im
pel t.uit features of any investment and
mo.nlv like the one which Indicates its
IntilnMc value. If one owned tho whole
of the I'nlted States, but could not sell
It, he would be na poor as a paupor. This
is the feature of securities most thor
oughly looked. Into by a banker before
making a loan and the present tlmo is a
raro example of It.
TUBLIC QUOTATIONS HELPFUL,.
Even at present, with all the exchanges
closed, one can gaugo the probable value
of securities by consulting the public
lists of July 30. Securities not listed can
not furnish any such index and the
value in a great many cases is problemat
ical. Far better to have the value of a
security established publicly dally by
supply and demand, than by private ar
rangement limited to two parties, the
bujor and seller.
Tho axiom that the "ticker never lies'
Is perhaps the greatest argument In
favor of the stock exchanges. A notable
example of this was an Incident In 10G0,
when United States Steel Company sold
up to ?93 a share. The action of the
security and the consistency of its rise
publicly Indicated impending events
which would demonstrate the values.
Such was the case when a dividend of
5 per cent. waR put on It. To be sure
some people possessed the Information
sooner than olhere, but In order to take
advantage of It they were forced to go
Into tho market and "buy" publicly,
thus reflecting to the general public tho
coming event.
What a vast profit could have been
realized If there had been no publlo mar
ket and the buyers could have secured
their stock privately without arousing
any suspicion ns to the prospective value!
The same principle applies to the selling
side. Important liquidation and steady
declines In any security Indicate some
thing of an adverse nature forthcoming,
unless, of course, It Indicates a serious
financial condition as a whole throughout
the country, " at pn-sent.
ROCK ISLAND AN EXAMPLE.
The Rock leland episode was the most
recent example of this. Securities of this
company declined steadily nnd no par
ticular shrewdness was required to per
ceive something of an unusual nature
was occurring1 In tha affairs of this com
pany. The stock market furnished an
opportunity for any one to sell and pub
lished the value of the security dally
as reflected by supply and demand. When
a receivership was announced the value
of tha shares had already Indicated It
wilh great publicity, and there was no
surprise manifested.
What a tremendous amount of money
could have been made If the merits of
this property could have been exploited
hy private means and the securities sold
to unsuspecting Investors by those who
possessed both the securities and tha
knowledge that a receivership was Im
minent! EXCHANGE REFLECTS CONDITIONS.
It is extraordinary that. In view of the
vast scope of the security markets and
the highly Important functions they ex
ercise, thetr usefulness Is not generally
better appreciated. Take, for Instance,
the New Tork Stock Exchange, whose
membership runs up to about 1100. Here
the prosperity or adversity of merlcan
business is best reflected. Transactions
dally run Into minions of dollars. Thero
Is no witness to the various transactions.
No money paid down to bind the bar
Bain. No legal papers are drawn to prove
the sincerity of the buyer. Just a nod of
the head of a becit o the finger
Perhaps tho activity and the excite
ment Is Intense, but the only Indica
tion to bind the bargain Is the nod of
acceptance and the transaction is con
summated the following day regardless
of the amount, without any legal for
malities, and It Is an unheard of thins;
for -ny contract to be repudiated.
Tl Idea that the Exchange promotes
speculation Is perhaps tha most com-nwu-
fne must bear In mind it Is a
public market, open to any one through
the agency of a broker to buy and sell
securities. If a little consideration Is
given the matter, it Is clear to be seen
stock exchanges fulfill an Important and
desirable need In the commercial artivitv
i -. ...-- r .
lot iue wviu. i smutUSK,
VORHEES IS AGAIN
ELECTED PRESIDENT
OF READING RAILWAY
He Resigns as Director of
Nine Subsidiaries of Hold
ing Company at Annual
Meeting Today.
Theodore Voorhees.was re-elected presi
dent of the Philadelphia and Heading
Railway at the niinual stockholders'
meeting, held in the Reading Terminal
todav, Mr. Voorhees resigned as director
of nine subsidiary companies of the Rend
ing Company at their annual meetings
also held toda), but he will continue as
the president of the companies. Mr.
Vooihees Is succeeded on tho boards by
Agnow T. Wee, vice ptesldent nnd gen
eral manager of tho Philadelphia nnd
'Reading Ralhvny.
The compunlfs from which Mr. Voorhees
resigned as dliector nre tho Philadelphia.
Newtown and Now Vork Railroad; Phila
delphia nnd Reading Terminal Railroad;
Philadelphia and Chester Valley Railroad;
Philadelphia, ilnrrifburg und Plttsbuigh
Railroad Tamaqua, Hnzleton and Noi th
em Railroad; Rending, Marietta and Han
over Railroad; Dauphin nnd Rerlts Rail
road; Philadelphia nnd Frnnkroid Rnll
road, and Schuylkill gnd Lehigh Railroad
Retiring ollltrrs and dliectors of thee
companies weie re-elected, with the ex
ception of the Philadelphia and Reading
Terminal Railway, John F. Auch suc
ceeding Colonet Henry A. tluPont as di
rector, nnd on the Philadelphia, Newtown
and New York Railroad, directors elect
ing ofllcers later.
In addition to these companies, directors
of the Port Reading Railroad and the At
lnntlo City Rallioad were re-elected. Di
rectors and officers of tho Rupert nnd
Bloomsburg Railroad and the Slatlngton
Rnllroad were re-elected. Thcso compa
nies are also subsidiaries of the Reading
Company.
In addition to Mr. Voorhees being
elected president of tho Philadelphia and
Reading Railway, 11. 12. Paisley was re
elected treasurer and George Zleglcr sec
retary. Directors were re-elected as fol
lows; Edward T. Stotesbury, II, C. Frlck,
George F. Baker, Peter A. 13. Wldener,
Daniel Willard and Charles C. Harrison.
Officers and directors of the Philadel
phia and Reading Coal and Iron Com
pany were also re-elected at tho annual
meeting; also of tha following sub
sidiary companies Fulton Coal Company,
Locust Gap Improvement Company,
Tremont Coal Company, Mammoth Vein
Coal and Iron Company, Preston Coal
and Improvement Company. The only
change in the directors of the Delawaro
Coal Company was the election of George
C. Coughlln to succeed Mr. Voorhees.
Tho directors of the Philadelphia and
Reading Coal and Iron Company are
Edward T. Stotesbury, Harry P. McKcan,
Henry C. Frlck, George F. Baker, Peter
A. B. Wldener and Daniel Willard.
The adjourned annual meeting of the
Reading Company, which was adjourned
from Juno 5, was also held today and the
only business dono was the approval of
the annual report.
LISTED RAILROAD STOCKS
AND THEIR INCOME YIELD
Table Showing: Closing and Highest
Prices and Dividends of Principal
Issues.
The following table gives the closing
price on Thursday, July 31, the day tho
Stock Exchange closed, and the highest
price of the year, together with the divi
dend rate yield as on tho above date of
principal railroad securities listed on tho
Stock Exchange:
Jnly R0
Atchison R9,
Atl. Coast Una. ...... 114
Rait & Ohio . ...f... 72
llrooUlyn Jl T 7!)
Bait k Ohio pfd "Jl?
Canadian 1'aclno . ...lf.71"
Ches & Ohto 4H,
Chicago C,t West. !'t
C M & St Paul K.V,
Chi & North W 12
Cnlo A Pomlcrn 20
Del A irudVson 140
Den & It O pf.1 R',
P I. & W SW
nrie lotj
i:rle 1st pfd S3
c,t North pfd ........111
Illinois Central 1M
Kansas lty So 'JO';
Kan city fro pfd...... r.0,
I-ehlKh Valley 312
luls A Nash ...... .,127
51 St P 5 S M 104'-,
Mo. Knn Tex 10Vt
Mo. Kan & Tex pfd... :m
Missouri I'aclnc ...... S
N Y Central SO
N T Ont & Wtat , lRi
New Han . ...... M
Northern PocKlo .-... Otv.
NorTnlk & West. -.. 7U
Fbnr.sylMinla ......10V
P C C t Pt !.. iU
Heading ....HO
Seaboard Air Linn .... 15
Rock Island
Itock Island pfd ... IS
Seaboard pfd 47.
Southern Pnclflo ..... 81
Southern Ry . ..... ml
Third Ave -.... Kl
Twin City D4T4
t'nlon Paclfld 11SIJ
Union Paclflo pfd...,, 79
Western 51arlan4 .. 1IH
Western Mivnlanl pfd 30
Wheeling ALB SH
High. Dlv. Yield.
irii, r.5, B.7
120 Tv".
ostl r, R a
lt ft 7.
M 4 R.5
21W3 10 fi.4
tW 4 0.S
inv,
m7'i s a n
Mff? 7 5.11
2S"j -
ITOMi 0 6 1
an, -
4001 so S S
32IJ - -
4f,;
ian4 7 e.i
us r, 4.7
2S"j -
IB 4 SO
1!K; 10 R.2
141'. 7 S5
137 0 8.5
24
tv
"Ik
iwvs n ea
31K - -
78
USH 7 7.7
mvi (1 fl.2
HS',5 6 7
111
172'i 6 B.7
22H,
1BH
25 -M
4 M
MK4 6 7 1
2flt,.
4RJ
10SH 6 fi.3
lfilj, R 7 1
S8 4 5 1
Sft
BS
OH -
FOREIGN TRADE INQUIRIES
Addresses of foreign Importers making tha
inquiries may b obtained from the Bureau of
Foreign and Domestic Commerce, Department
of Commerce. Washington. D. C . or lis branch
offices Inquiry number must be menttone.1.
No. 13931. Hardware and furniture, An
American consular officer In Curope re
ports that a person would like to secure
agencies for his country from American
manufacturers of hardware ami furniture.
No. 13932. Chemical products, etc. A
Portuguese drug firm wishes to establish
business relations witn American manu
facturers and exporters of chemical prod
ucts, articles for the laboratory, surgical
Instruments and hospital supplies.
No. 13933. Electric lamp carbons. An
American consular officer In Great Britain
transmits the name and address of a. per
son who wishes to communicate with
American manufacturers of carbons for
use In eleotrio aro lamps.
No. 13934. Lumber. A Arm In south
ern Kurope handling lumber of all kinds
wishes to Import direct from tho United
States.
No. 13935. Paper-napkin machinery,
An American consular offloer In England
has been advised that a dealer Is desirous
of learning the names and addresses of
American manufacturers of machinery for
the making of paper serviettes.
No. 13936. Paper. An American con
sul In Burope reports that a company Is
In the market for paper of all kinds.
LIVE STOCK QUOTATIONS
CHICAGO. Oct 11 JIOG& Receipts,
28.000, market slow and easy, mlxel mid
butchers. 7 'We 40, go.il havy 7 2ua8.V
rn gb heavv 7 0.-.aS3ij. light, 7 Soils 40.
pigs, J4.76.J8 15, bulk. 7 4598 10. CATTLK
H'lm 22 ujo. market weak to Vc lower
teet.es. J3 J&0S 10. cows and belters, IS.
40. stockars and feeders, 8.107 20 TexaoT
47 501125. SHEEP Receipt. 45 000. Jr
Sf '-SjfJif i0 10e" tow"' 4ui4 YVMt.ro.
41.7SU6.55. t
RUSSIAN CENSORSHIP STRICT
PENDING VITAL MOVEMENTS
News Details Meagre, ns Strategy
Must Be Kept Secret.
PETROGItAD, Oct. 12.
Tho Russian olllclal news bureau an
nounced that the censorship, which has
been considerably relaxed, will ngaln be
tightened because of tho Important mill
taiy operations that nro under way.
The bureau gave out this statement In
explanation of the censors' strictness!
"It seems an opportune tlmo to call
attention to the fact that when the gen
eral start headquarters gave an nccount
of the events which had happened In the
fighting In Gallcla It furnished o sufll
clently detailed outline of tho strategical
developments of tho Itusslnn armies on
Austria's frontier. The fighting In Gnllclfl,
which weakened considerably tho Aus
trian army, compelling It to make n pro
longed retreat and forced the Gorman? to
throw the hulk of their forces on the
eastern frontier to the rescue of tho Aus
trlans, created entirely new conditions
which will undoubtedly make us adopt
corresponding measures.
"It Is easy to understand tho Im
portance of keeping secret as long ns pos
sible tho recent moement of the Rus
sian troops on tho eve of great events.
It Is to this circumstance that we must
attribute the brevity and dearth of olll.
clal news on the ptesent sltuntlon In Gall
cla and the western bank of the Vistula.
"If these conjectures prove to be true,
public opinion will very soon, apparently,
be compelled to be satisfied (ns during the
first ten d.tys of the war) with the meagre
details In the olllclal news, trusting In
final buccoss and n waiting tho tlmo when
It will be possible without divulging mili
tary secrets, to lift the veil which must
nlw'ays coor the first phases of n new
born military operation."
KHAKI THE MODE IN LONDON
Young Englishwomen Make Color
Fashionable for Men.
LONDON, Oct. 12.
Englnnd's young women aro proving of
great aid to Lord Kitchener In his ef
forts to ralso a great second army for
Great Britain. A group of onthuslstlcally
loyal young women have banded together
for the purpose of forcing all single
young men not now In tho nrmy to Join
or he branded ns coward.5,
"Tho young, unmarried mnn, who has
no physical weakness, no serious domes
tie or other ties, and who will not servo
his country In time of need, proclaims
himself to be an nbject coward and de
seies the contempt of every right-minded
person," said one of thcso young
women the other day. "Single young men
should bo made to feel that khaki Is tho
only fashionable color. We girls arc
going to refuse to be seen when any
young man who does not bear the khaki
hallmark of manhood.
NOTES OF THE RAIL
The I6th annual convention of tho Na
tional Association of Railway Commis
sioners will bo held In Washington on
November 17. Chairman Harlan, of the
Interstate Commerce Commission, and C.
A. Protity, director of valuation of the
commission, will address the convention.
A part of the wireless telogrnph equip
ment of the Delaware, Lackawanna nnd
Western at Hoboken, N. J., has been fin
ished. A steel tower, 402 feet high, has
been erected. The wave length Is 2.250
meters.
Tho Southern Railway Is seeking per
mission from tho Corporation Commis
sion of North Carolina to temporarily
suspend the operation of a number of
passenger trains because of a falling off
In passenger and freight business.
Permission has been given to railroads
of the State of Jlontnna to Increase the
demurrage rate on refrigerator cars
loaded with perishable freight. The rate,
effective November 15, will be 2 a day
for the first two days after the expira
tion of free time and $3 a day after that
PORT OF PHILADELPHIA
Sun and Tides
Pun rlsi ... B 07 nm. I Sun seta. ,. B:I7 P m.
PHILADELPHIA
High water. 7.10 am. I High wat'r. 7:50p.m.
l,ow mater.. 10:30a m. I Low water.. 11:34 p.m.
ItEKDr ISLAND.
High water. 4 Cta.mJ.HUh water. 4:4d p.m.
I,ow water .lO a.m. I Low water. .11:34 p.m.
imnAKVi'ATEIt.
High water.12.5S a.m. High water. 1:37 p.m.
Low water.. 0 W a.m. I Low water.. 7.M p.m.
Vessels Arriving Today
Ttagnarok (Nor.), New Tork, ballast. Win. J.
Orandtleld ft Co. .......
Prutera (Nor.). Port Antonio, fruit, United
Fruit t'omrany.
Kwazl tlir.l. "Bombay via New Tork, mer
chandise. Galley, Davis & Co.
Tuscan. Jacksonville, merchandise. Merchant
and Miners' Transportation Company.
Blla (Nor.). Irtgut, Iceland, kryllte. master.
fthawmut, Jacksonville, merchandise, South
em Steamship Company. ,,,.
Outttlght, Port Arthur, crude oil, Gulf Otl
Company,
Steamships to Arrive
PASSBNOEn.
Name. rrot2- Galled.
Callfornli ,. .Copenhagen ..,fPt.
Mongolian Glasgow .Sept. 25
FREIGHT.
Sturmfels fe.Hta. S"1?-
nnrtdan .........Mlddleiboro ...Sept. 80
Man. Miller Manchester ... bept. 2l
Solhoru Hartienpol .....Sept. 23
Stalhelm Punjt Island... Pept. M
rrown rolnt London Kept. HO
Marlter i!uelVa 'I0?' S3
Murjek Nan Ik Hept.
Mlisourlan Mllo , gP- g
Vaconla l-'ayal .........Pert 29
Inergle Savanna LaMar.Oct. 2
Hesperos Bombay Oct. j
Klnina Narvik Oct, 4
Noordyk Rotterdam Oct. 8
Vinland San Andreas. ..Oct. II
Abrahamson 1'Dmouth Oct. 8
Steamships to Leave
PASSENGER,
Name. .For- 5te-
Mongolian .,.., Glasgow Oct.
Callfornli ,.,,, Copenhagen ....Oct, 18
Haverford Liverpool.. Oot. 24
FREIGHT.
Missouri London ,.... ..Oct 14
South Point ....London ........ Oct. 1.1
Itapldan Lelth Oct IS
Crown Point London Oct. 21
Canton ...... ..........Chrlstlanla ....Oct. 21
Man. Miller ....Manchester ....Oct. 24
PORT OF NEW YORK
Steamships Arriving Today
Name.
Buenos Aires
From. Docks at
.Cadis Noon
Due Tomorrow
Name, From. Railed.
Rerxensfjonl ..........Bergen Oct. 3
Pannonla. ......Glasgow Oct. 3
UtiS Olar ...........C'hrlatrannaod ...Oct. 3
San Gerchtlmo Naples, ..Oct. 1
Steamships to Sail
Kama, For. Date.
Ryndam Rotterdam ......Oct. 13
Kama ..... Marseilles ......Oct. II
Lusitants, .Liverpool ...... Oct 14
CoHto ......Liverpool ......Oct 14
Sao Giovanni ....... Nu pits .........Oct. 14
Oscar II Copenhagen -...Oct IS
Kroonland Plraeua , Oct. 13
Movements of "Vessels
Sir. Son, Philadelphia for Amsterdam, was
637 miles east of Ambrose Channel Light t
7 p. m October 11.
Str John I) Rockefeller, Philadelphia, sTor
Copenhagen, was 713 milt nest of Duanst
Head, Scotland soon. October 8
6tr. Larlnu'8. towing Larue Conemaugh, Port
Arthur tor Philadelphia, was m miles north
west of Tortugaa twos, pet 11
Ptr. Gulf Stream, Philadelphia for Port
Arthur was 43 miles north of Hatteras, noon,
lx-tnher 11
Str. Amsteldyk, Philadelphia for Rotterdam,
lbs Plymouth, at Majjhus October 10.
Str. Maine. Phlladelshia. ft London- DAsaad
ALLIES ENCIRCLED
GERMANS'AT LILLE,
CHECKING ADVANCE
Kaiser's Line in Crescent
Arrogantly Shelled City
Before Being Pressed Back
When Real Battle Began.
By JOHN C. FOSTER
LONI)ON Oct 12.
The sreat conflict In France, which be
gan an the engagement of the Alsnc,
will probably go down" In history Under
the name of n scries of battles, ono of
which will be known ns tho llattlo of
Lille. The hostilities at Lille marked the
beginning of tho latest German offensive
In northeastern Franco nnd took the form
of a rough cliclc mound that city.
The coiiespondcnt of tho Times wired,
tho following account:
' Tho news 1 fend Is excellent from ttie
standpoint of the Allies. On Wednesday
afternoon a detachment of French ap
proached Lens and, llrlng over the town,
bombarded the German position on the
other side near Lolson. Tho artillery
proved effective at this range and
wrought Immense destruction In tho Ger
man camp. ,
"As a result of operations of the Frcnetl
In this region the German advance from
Belgium received n decided check.
"The battle around Lille began last Sun
day, when a few shells were fired at
random Into the heart of Lille about
linlr an hour before noon. This was the
beginning of Germany's desperate at
tempt to escape the encircling movement
of the Allies' armies that have bcon stead
ily driving toward the Belgian border.
These German shells did little damage and
were probably men.nt ns nothing more
than the usual message of arrogance to
which the Kaiser's nrmy seems so ad
dicted. Between 11 30 and 1:80 In the after
noon the shells fell Into the city at ran
dom, being fired by batteries on tho ex
treme left of this new Gorman force.
"This German lino was stretched out In
the form of a crescent -with tho ends of
wings lying nt Turcolng nnd Armcntlercs.
In the afternoon an armored train mado
Its appearance at Fives, an eastern sub
urb of Lille.
"Tho French troops In tho garrison at
Fives, which had previously been rein
forced gave battle, nnd the fighting con
tinued In the streets until Monday. It
Is estimated that tho Germans had nearly
10,000 men.
"Store armored trains arrived bringing
German reinforcements, nnd Intrench
ments were thrown up nlong the line of
the eastern, northern nnd northwestern
suburbs of Lille. The French guns
wrought terrible havoc In tho German
ranks. The Germans did not seem to
have any light cannons with thorn, for
there was no reply to tho French artil
lery. Tho rifle fire of the Germans was
flso feeble. The absence of German nr
tl'lery and the nppnrent lack of ammu
nl.lon seem to bear out tho oft-repeated
rumors that the German transport sys
tem has broken down along the extremo
nortl orn lines of tho German forces In
northwestern Belgium.
"Though greatly outnumbered, the
French fought with dnsh and courage,
Renting bock their adversaries. Tha
German nrmy holding the lino of Ar
mentleres and Turcolng, which had heon
pushed forward to cover the flank of the
main army pressing against LIUo, was
driven hack 13 miles.
"On Wednesday Uhlans appeared north
west of Armentleres, and It was feared
that they heralded the approach of heavy
forces of Infantry, hut tho Infantry did
not put In an appearance.
"Tho Germans aro said to have deserted
the district around Bethune, where they
had previously been reported In great
numbers. As this Is written all that
seems to be left of tho German right,
which surrounded Lille last week, Is two
wavering lines, one pointing to tho north
west and the other to the southwest. Be
tween them LIUo stands unhurt."
REGIMENTAL NICKNAMES
OFTEN HAVE TRIVIAL ORIGIN
Humorous Incidents Fasten Comic
Titles on Troops.
Many of England's finest regiments owe
their nicknames to some humorous or
adventurous Incident In their history
Thus the East Yoikihlre Regiment Is
known ns the "Snappers," In memory of
nn occasion when, their cartridges hav
ing failed, they continued to snap their
rifles in tho face of tho advancing enemy
with such vigor that they turned tall
and fled. Tho 7th Dragoon Guards own
the honorable title of "Strawboots" to
the fact that at Warburg, when their
boots were worn out, they swathed their
feet In straw bands: and the 11th Hussars
have been "The Cherry Pickers" ever
since, It Is nald, some of them, In the
Tenlnstilar War, were captured by tho
enemy In an orchard".
Even moro interesting Is the nickname,
'Tontlus Pilate's Bodyguard," borne by
the 1st Foot, of which tho following story
Is told. When the regiment was In
French service a dispute arose between
it and the Plcardy Regiment as to which
was the older, Tho men of Plcardy
claimed that they were on duty on the
night of the Crucifixion, whereupon the
Britons retorted that they were also on
duty and very wide awake when their
rivals were sleeping, for they wire acting
as bodybuard to Pilate himself.
M. P.'S AT THE FRONT
More Than 100 Fighting England's
Battles on Land and Sea.
LONDON. Oct 12.
More than 100 members of Parliament
are at the front fighting for England.
The Prime Minister has a nephew on
a battkahlp; Lord Crewe, a son-in-law;
Lloyd-George's second son Is In the Terri
torials; Winston Churchill's brother re
cently enlisted; Sir Edward Grey has a
nephew in the aervlce.
In fact, all the prominent officials have
either eons, brothers or nephews on the
firing line.
DIDN'T KNOW WHAT SHE WANT
OVERDOING IT
Messrs. Doolan and Rafferty were exam
ining a line public building with muoh In
terest. "Doolan," said Rafferty. pointing tn an
Inscription cut in a huge stone, "phat
does thlm Utters, VM-D-C-C-C-X-O-V-I-I,'
mane?"
"Tliot," replied Mr. Doolan, "roanes
eighteen hundred an" nolncty-stvlp."
"Doolan." said Mr. Rafferty, after a
thoughtful pause, "don't yea t'lnk they're
overdoln' this shpellln' reform a bit!"
Tlt-Blts.
2,200,000 GERMANS NOW
FIGHT FOR FATHERLAND
ROME, Oct 13. In semi-official
circles It Is stated that Oermany'j
forces at present engaged, conslet of
H army corps of first-line troops anJ
27 army corps of reserves, totaling
about 2.3,0iiQ men.
These forces are distributed as fol
lows: France, !4 army corps, Belgium,
6; Thorn-Cracow, U, East Prussia, 13.
In addition there are a million and
half Territorials garrisoned tn Germany
and 600,000, recruit expected to be fully
tralnej by November.
POPE, KING, CARDINAL
VICTIMS OF WAR. WORRY
ROME, Oct. 12. "The nppalllng trag
edy now waging In Europe may have
been the last blow to the heart of nged
King Charles, of Rumania," says the
Trlbuna. "Also, the relatives nnd In
timate friends of Cardinal Ferrata any
that the origin of his Illness was due
to the weakening of his organism by
excessive work In his attempt to mas
ter the situation and co-operate with
the Pope In trying to end the conflict.
"Thus the Illustrious victims of tho
wfyr, among the noncombatants, num
ber already a Pope, a King and a Car
dinal, the Pnpal Secretary of State."
AMAZING FISH IN SALONS
No Fewer Than 85 Exotic Typesiln
One Parisian's Collection.
You may find In many a salon a large
aquarium containing specimens of that
nmazlng "telescope" fish, with Its veil
like draperies thntaervc ns tnll and fins
nnd Its prominent goggle eyes, says a
Paris special to the London Standard,
but the finest prlvnte collection In all
Europe Is housed on the edge of the
Hols de Vlnccnnes.
Its owner, M. de Vlsser, has got to
gether no fewer than S3 kinds of exotic
fish from Brazil, China, Japan and Cen
tral Africa, more than tho London Zoo
possesses, or, Indeed, any other zoological
gardens In Europe. Fragile, dainty beasts
they are for the most part, with almost
transparent bodies nnd wonderful color
ing, which some change under the stress
of emotions.
Hero nre some that aro colored like
the jay, others nre striped like the zebra.
They furnish a fascinating subjoct of
study. For instance, what do you think
of a fish whoso conjugal duty It Is to
upend long hours gently fanning the eggs
his dowdlly colored wife has laid a duty
that will occupy him exclusively for the
four or five dnys nocessnry for hatching?
Ills llttlo fan Is tho most delicate ap
paratus, and his coloring Is a marvel, and
he himself a miracle of miniature beauty.
Hero, too, Is a. wnlklng fish from Con
trol Africa. Not much Is known of him
or his habits and tastes. Not even the
governor of tho British Museum, to
whom tho ultimate classification of new
specimens of fleh Is referrod, can say
much about this round creature, about
a hand's' length, except that he will
probably lose his legs when he reaches
maturity. Ho Is about 2 years old at
present and was given to a Fronch
sailor by a native of Central Africa In
return for somo small present. If the
giver himself know much about the nnl
mal, ho did not Impart his knowledge.
The temperature In this exquisitely ar
ranged flsh museum Is a little trying.
Down at your feet, thero Is suddenly a
loud roar that makes you jump. It pro
ceeds from a bullfrog who lives In a
tank and justifies his name at sunset
without any particular provocation. It
Is unfortunate that fish, and these tiny
fish especially, have been marked out to
receive the longest nnd most difficult
names that Latin and Greek syllables
can furnish, nnd to quote any of them Is
out of the question.
They seem very happy In their hand
some tanks, with wonderful exotic plants
growing In the sand plants thnt have a
brilliancy of coloring that seems un
natural. They are of an Intense blue
green with almost black shadows and
lines.
HORRIBLE FAMILY ROW
Kinship of Rulers Engaged in Eu
rope's Titanic Struggle.
In a llttlo company of exceptionally In
telligent ladies and gcntlomen where tho
talk was about the awful foreign cata.
clysm, says George Babbitt In the Boston
Herald, tho host offered a small wager
that no one of his guests could give ac
curately tho family relationship or rela
tionships oxlstlng between tho rulers of
the threo empires now at war among
themselves. The wager was accepted, but
It wns not won by any of those who ac
cepted It. In order to win It would have
been necessary to trace the several rela
tionships as follows:
King George of England and Kaiser
William of Germany are first cousins,
ICing George's father and the Kaiser's
mother having been brother and sister.
King George and Cznr Nicholas of Russia
are nlso first cousins, the king's mother,
Dowager Queen Alexandra, and the
Czar's mother, Dowager Empress Dag
mar, being sisters. King George of Eng.
land nnd Allx, Czarina of Russia, are first
cousins, the former's father and the hit
ter's mother having been brother and
sister. Kaiser William of Germany and
tho Czarina of Russia are also first cou
sins, the Kaiser's mother and the Czar
ina's mother being sisters. Thus the
Kaiser and the Czar are first cousins by
marriage, Frederick VIII of Denmark is
brother of the Dowager Queen Alexandra
and the Dowager Empress Dagmar and
Is, therefore, uncle to both King George
and Czar Nicholas."
CORNOG'S LOSS WILL
HAMPER RADNOR HIGH
Star Player Ban-ed From Game With
Lower Merlon.
According to a recant axrteratat ruehsd br
tha authorities of
the two
s, Radnor
Iff Kama with
aois, ji
HtKh will enter Its
e wlui Lower
Merlon IllKb on November
oven
who
without the Birr
ices oi wornos, wno
who has h
has been one of
tn one o( the
past three sta
le dlsadvaYitavA
team's lea am
111 Urhts for tha
IlKhte for the
sons. This will work a serious dlsi
to the Itaanor boys
wbo planned to use Cor-
noK as their prlnclns.1
rrlnclpal ground Miner Tha
lion waa protested bv Ldtvr
player In question waa protest?
Aicnoa
on because of the fact that he ( tavinv
Doat-ffTadual ooutvo. and as ther claim tnr
the purpose of playln against them The
barring of Cornos; will mean that no post
graduate atodent will be able to take part In
any same bstwsen the two Institutions.
Much of the credit of De Lanteyi eplendld
v iu v Tiviuir in lis vjwnini
penlng game with
should go to Joe
erbaclc oi the 1911
wjwr Meiwn last rriaay en
Ourrlty, captain and ouartfrb
ne i.anray team, wno nas Been lending a
helping; hand to Kddle Ilennls ever slncn the
first practice Oarrlty was one of the best
all-around athletes in the history oC Da
Lancey athletic, and his knowledge of the
Insldo points of the sTldlron game has ren
dered him Invaluable to the team.
About the last of the local schools to ret
under way this season. Friends' central, will
oren Its Kridlron campaign tomorrow with the
Haddonfleld High school team on tha I' R
It. V M C. A grounds, at 41th and Parkslle
avenue Coach Jacoby has under his charge
ono of tbe most likely squads in recent years.
and the team Is expected to cut quite a
in deciding tha Intereeademlo title thli
a nxure
his fall
Eddie Carles, all-nieracademto halfback ot
lost YFAr. baS befin Shifted to tha nilR.rtrm.lr
post and has shown bis versatility by flttlnj
Into the new position perfectly Doderldge. a
new man. is showing exceptional form In the
backfleld. and will ha uied as the team's line
plunger He la also a flrst-clase punter and
rhouM he able to hold his own with any ol
the scbolastlo backs in this respect.
A good line can be gotten on the probablt
Catholic scholastic champion of the Eaat
when St. Joseph's College playa St. Ftotefg
College, of Jersey City, and Oeorgetown Pre
paratory, of Washington. D C , on Ne ember
14 and 30. respectively. St. Joeepba will have
to anew vastly belter form than It baa thus
far to cope with these teams, for to all an
paarartcea Kennedy's mta are away below the
standard of former years the toam'a chances
for a successful season were given a severe
eethock when, during one of the scrlmmagej
of lBirt week. Paul Northrup, the beat punter
and drop kicker on the Held, sustained a
broken ankle and will be lost for the re
mainder ot the season.
Hamilton Xost to Game
ST. I-OUI8, Oct U.-Earl Hamilton,
pitcher for the St. Louts Americana, prob
ably never will be able to play baseball
again. This opinion was expressed yes.
terday by physicians who attended tho
Injured player at St, Mary Hospital In
East St Louis, in., where he was taken,
together with five vromeu, all of whom
were Injured when his automobile was
wrecked on Eada bridsre befnm Hvn v,
APPLE CIDER MAY :
BE CONCENTRATED
ON A LARGE SCALE
Rich Field of High Commer
cial Value Produced by
Freezing and Use. of Cen
trifugal Machine.
WASHINGTON, Oct. 12. Tho specialists
In the fruit and vegetable utilization
laboratory ot the Department of Agricul
ture have completed arrangements for a
commercial test of the recently discov
ered method of concentrating apple rider
by freezing nnd centrifugal methods. As
a result, a cider mill in the Hood plver
Valley, Oregon, this fall will undertake
to manufacture and test on the retail
market 1,000,000 gallons of cohecntrated
elder, which will represont E00O gallons of
ordinary npple elder with only the water
removed,
The new method. It la believed, makes
possible the concentrating of cldor In such
a wny that It will keep bettor than raw
elder nnd also be so reduced In bulk that
It-cnnbe shipped profitably long distances
from the applo-growlng sections. The old
attempts to concentrate elder by boiling
havo been failures, because heat destroys
Its delicate flavor. Under the new method
nothing Is taken from tho cldor but the
water, and tho resultant product Is a
thick liquid which contains all the apple
Juce products and which can be restored
to excellent sweet cldor by tho simple
addition of four parts of wator. The ship
pers and consumers, therefore, avoid pay
ing freight on the water in ordinary
elder. In addition, the product when
properly barreled, because of Its higher
amount of BUgar, keeps better than raw
elder, which quickly turns to vinegar.
Tho process aa described by the de
partment's specialists consists of freez
ing ordinary older solid. The cider Ice
Is thon crushed and put Into centrifugal
machines, auch as aro used In making
cano sugar. When the cider loe li
Whirled rapidly tho concentrated Juloe is
thrown off and collected. The water re
mains In the machine as loo.
At ordinary household refrigerator tem
peratures this slrup-llko elder will keep
perfectly for a month or six -weeks, and
If subjected to low temperatures in cold
storngo will keep for prolonged periods.
At ordlnnry house temperatures It will
keep a shorter time.
To make tho concentrated sirup tho
cldor mill must ndd to its equipment an
lce-maltlng machine nnd centrifugal ma
chinery, so thnt the process Is not prac
ticable on a small scale. The specialist
are hopeful, howover, that the commer
cial test Boon to bo Inaugurated In Ore
gon will show that It will bo possible for
applo growers to concentrate their ex
cess cider and ship It profitably to the
for South or to other nonproduclng re
gions. The specialists nlso believe that
It will ennble applo producers to prolong
tho market for cider.
I. A. A. INDOOR GAMES
ARE SET FOR MARCH 6
$250 Voted to Buy New Cupor
Cross-country Championship.
NEW YORK, Oot. 12. At a meeting
held at the Waldorf-Astoria yesterday af
ternoon, It was arranged to hold the first
Indoor games of the Intercollegiate As
sociation of America In Madison Square
Garden on March 6.
This decision wns reached at a joint
meeting of tho Executive nnd Advisory
Committees, at which those present were
J. T, Brynn, Yale; C. G. Squlbbs, Hnr
vard; C. G, Goldsmith, Princeton: B. B,
Heath. Pennsylvania, of the Executive
Committee; G. T, Kirby, Columbia;
Romeyn Berry, Cornell, and Thornton
Gerrlsh, Harvard, of the Advisory Com
mittee. The games In the Garden will be more
of a social gathering than serious com
petitions and victors will not gain any
championship titles. No individual races
will be held, but the program will be
made up of relay races and team competi
tions. Gustavus T. Kirby was appointed
referee and he will select the officials, the
list to be presented for approval at an
other meeting of the Joint committee t
bo held on November 1.
ftirby also was appointed referee of the
Intercollegiato Cross-country champton-
shln. nvh!r.h will h hsM at Mw TTnvan
f on the morning of November 31, the (lay
or the Hnrvard-Yalo football game. For
this event on appropriation of f250 was
voted to purchase a new cup, the old one
having been won outright by Cornell Inst
fall.
Thomas B. Crews, of Cornell, -who was
president of the Association, having been
graduated. Allen C. Mannlx, of Cornell,
was elected to fill tho unexpired term.
GRIDIRON NOTES
AiWArOMS. Md., Oct. 12. During the com
ing week the Naval Academy squad will work
hird In p-eparotlon for Saturday's game In
Philadelphia ngainst Pennsylvania, the first
which a navy team has ever scheduled away
from tbe home grounds, except when the eon
test was against the military cadets. A ths
Army game Is off this year. It will be the
team's only trip, and the 3'avy contingent la
anxious for a victory. Tho defeat by tne
eleven of University of Pittsburgh en Baty;
day by one touchdown roes not dlKOuragftf
in view of Pittsburgh's strength and the fact
that the midshipmen were two weeks later
starting practice than the other Basttrn
tearw. The gams developed much strength la
the Navy backfleld material.
ITHACA. X. T. Oetia Tha Oornell team
emerged from the Carlisle Indian gams In
good physical shape and every regular la ex
pected to report for the opening of the week's
practice today. There were a few bniles. but
not an Injury was reported. The victory orer
the Indians has proved a tonlo to an eleven
which suffered two early aeason defeats, bat
the coachee BTe on their guard against orer
confldonea. it is probable thst OHcarn and
Rckley, to of the varsity men who have been
out of shape, will be able to loin the squad
today, and the full varsity atTength win be
available.
NKW HAVEN. ConnT Oct. 12. Because ef
the poor condition of half a dozen of her best
players Tale dreads the Notre Dame games,
whloh Is next on her schedule Chsnces are
slender for the appearance of Aleck Wilson,
Pumpolly, or Chatfteld-Taylor In the line-up.
While Alnsworth. Kaston, and Charley EneMos
are suffering from the enVcts of recent in
juries Coach Hlnkey did not 'wish to use
Alnsworth In the game with Lehigh Saturday,
but felt his return to the backfleld Imperative
because of tha demoralized condition of tha
Yale secondary defense.
XNOWIiES MEREXI.Y BRTJISBD
NETW HAVEN, Oct. 11 "The "broken
rib" of Carroll Knowles turns out to be
simply a slight bruise and the player will
probably practice tomorrow with the Tale
team again. In reviewing the Lehigh
game tho coachea believe that their rep-
ertory of plays Is greater them the qual
ity of the backfleld players; consequently
stiff practice has been ordered for this
week, beginning today.
WALTER JOHNSON BEATEN
NEW YORK, Oct KMore than W
persons sa-w Walter Johnson, the ta
pltoher of tbe American League, twirl
for the New York Fire DepartennS
against tbe Lincoln Btars at Lenox Oral
yesterday and lose by a score of S to 0.
Johnson pitched mid-season ball for the
firefighters, but received poor tupport
Indianapolis Beats Denver
DENVER, Col., Oct, li-Indlanapoli.
of the American Association, won tha
Interleave series from the Denver Wet
era League team yesterday by taiung "
alxth game, II to H- Denver won two
tKttujr juubtt lis
I today
camw auxins tha 16111,
t 4.