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EVENING LEDGER-PHILADELPHIA!, THURSDAY, OCTOBER 29, 1914.
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DEALINGS IN SHORT
TERM NOTES LARGE
AT HIGHER PRICES
Activity in Bonds of Consoli
dated Gas, Baltimore and
Ohio, Pennsylvania R. R.
and New York City One
year. The nltuatlon, as reflected In develop
ments In the various markets In which
open trading Is permitted, was far bright
er today than at any time eltica the stock
exchanges closed.
Dealings In short-term notes were on a
large scalo at advancing prices In New
York, with Consolidated Qas notes, which
rrcro brought out on a 6H per cent, basis,
selling on a 5' per cent, basis. Baltimore
find Ohio notes were quoted at OS'U bid,
and Pennsylvania Railroad &$ were fS
bid.
FIrallar actlTity and strength was noted
In Now York city notes, the one-year
notes selling at the- new high record of
mi. Tha 4Hs of 1857 were In brIMt de
.niand at 100', but were not offered under
101. Good long-term bonds were also In
demand, with tho supplj too scant to
permit tho execution of larce buying or
ders. In both short and long term Is
sues many orders were for amounts of
a quarter of a million dollars or more.
Tho money situation has also mate
rially Improved In Now York. Placing
the standing loans aMde as a fixed ele
ment, the money market may now bo
regarded ns on a 6 per cent, basis for
time and call loans. A loan of $1 cOO.OiM
call money waR made late yesterdav at
5H per cent., and time money Is offered
for all dates up to 3 months at 6 per
cent. Margin of Srt to 3o per cent, are
required on all new accommodations an 1
collateral must bo of high class, but tho
fact that accommodation Is obtainable
presents a new feature In the money
market.
This Improved situation was accom
panied by a change In tho character of
tho trading In that group of brokers
referred to as the New street curb. This
morning tho talk there wan all nbout tho
contracts mado to sell United States
Steel common under 39 on Monday wero
being defaulted on by the sellers Only
a few of the trades made nt that low
range have been completed bv the de
livery of stork. There were to be seen
on the adjoining sidewalks numerous in
tending small buyers, seeking to purchase
small lots of low and medium-priced
stocks for cash, but they were able to
make only n few purchases
A better tone was also shown In the
copper metal market, although most of
the sales were mado at 1l2C, with somo
large purchases for both domestic and
foreign account.
Chalrmar Gary, of th Tnlted States
Steel Corporation. In hli address at the
meeting of the American Iron and Steel
Institute at Birmingham, said there were
good reasons to hop for business Im
provement in the future Kpresslons
from other Industrial lenders were of tho
same tenor.
DIVIDENDS DECLARED
Lehlch froi! and Navigation, resular quar
terly J per -''nt . payable Xorember 30 to
s'nek of record 'Vtolwr .11.
Otla rnmitam rejrular semi-annual 3 pr
cent., payuhl," November 2 to stock of record
ti raber 27.
Mobile Elwtrlr Company, r;mlar qnarterly
I per i-ent. on preferred, payable Novembet
II to stock of record Ounher 81.
FrescM Steel far romrn.n, regular quar
terly 1" per rent on prferr"l. payable No
vember 21 to stork of record November A.
n. K. Goolrlrh i'ompan. refriilar quarterly
1". per cent on preferred. pav.tble January
I to stock of record December 1.
Lipgutt and Mjers Tobacco Oompiny, r-ff-ular
quartern 3 per cent on common pa,,
able D ember 1 to stock of record November
10.
Narads, Wonder Mlnlns Company, a dlvldrnd
of D per cent, pavahle November 21 to stock
of record October ni
Third Natloral Pank regular se-ilatrnnal 0
per cent . pa able November C to stock of re"
crd October 31.
FINANCIAL BRTEFS
The minimum rate of discount of the
Bank of England remained unchanged at
fi por cent, today.
The gross earnings of the Intorboro
Jlapld Transit Company In September
were $2,553,654. decrease 137,055 from tha
same month of last year: net ll.3sS.T71,
decrease J23.1S5: three months gross $7,
01.211. increase K12.877; net 3.S.7M, in
crease JS2.BT0.
Arthur Tummill has been elected to
the Board of Governors of the New York
Stock Exchange, succeeding Rudolph
Keppler, resigned Jlr. Kepplor Is suc
ceeded on tho Law Committee by Ernest
Groesbeck.
The Agricultural Department of the
Government will announce Its estimates
tit the principal crops cm November 9, at
3-15 p. 13.
TVa are not on tho eve, but really In the
midst, of a material improvement tn
business, and, although some ljne mnt
etill iruffer because of tho European c n
fllct and other unsatisfactory conditions,
the larger portion of the business world
and the majority of llnee will show im
provement from this time on, partly be
cause of the war and partly because bust
nessj depression has lasted aa long e.a it)
can," says the Franklin National Bank
In its November digest of trade condi
tions. At a special meeting of the board of
managers of the New York coffee ex.
change a motion to reopen the exchange
for trading purposes November i was de
feated, There Traa withdrawn froaa the Now
Yo-ls gubtreasury EKO.CO gold coin tor
Rlnpmnt to Canada, At tha New Torts
assay office there was engaged $30,003 golt
bars, which will ajso be shipped to Can
uda.
The pries ot Unee4 oil iws been reduced
Z tenia by the American Unseed Oil Com
pany, Western brands are now Sffl7
Lents an3 eity brands t!Q cents.
New YorU banks lost to the Etjbtrensury
y sterdsy IU0.0QQ, and sisc Friday lost
iz,w,m,
Barn 4 I.flin4 will conduct a pub.
lie suction sale of securities nest Wed
nesday. The sale la a spwcial on, cnr.
ing twrtalft seeuritisa pledged for loane,
n.i hiding mlacellaneous stocks and bonds,
mortgttgva and promissory n tee The
r ssjlar weekly sales of securities have
not Pn Ijeld since the Stock Exchange
closed.
BANK CTLEARINQS
Beak cltarlajr tola cojnpars with esrre
tumndla; day lat two years
1914 1913. 1M2.
PalUuialphia WO W W t! -U) 'j2 J2H.S73.SM
Bosum aO.'lU'J S2'IJi.n 2UT.S1
N'w York yeoiivivl 2S.iSti.UO Wun,v2
I'Aiiaum .. tlMSM 6-tZiSDH SSW.SmJ
NEW YORK BUTTER AND EGGS
r. VV i'lh at 20 BITTER Market
P v r ', s 4103 rS'KWi crearrenr eitra
S 3-. I 'v - ns ?1 Fta'e Urr, 31
i f i-x i tux try 'ii' 21-
l .03 a -k- r-i. r. ,t, ST c--e-.
fn. ex'-a. i -s's ?lT5.- fr b f jta. ; t
So , rear t wr in, $- i "t- . nsr y Kixt '.
g33.t sfcctat tsarks, v xjv3.
WAR RISK RATES ADVANCED
Rise From One-Half of One Per Cent,
to One Per Cent.
Presence of mines off the Irish coast,
which sent the British steamship Man
chester Commorco to destruction, has
caused nn Increase In war risk Insur
ance rates. The rates lit the transatlantic
trade advanced today from one-half of
1 per cent, to 1 per cent. Tho extent of
tho mine fields laid by Germany In the
North Sea. and the UiirIIsIi Channel Is un
known, which makes tho risk to vessels
plying In those waters great.
At ptcscnt tho underwriters arc en
deavoring to arrive at some basis where
by reinsurance of cotton risks can be
effected. They are anxious to facilitate
the movement of cotton. Hut the British
Underwriters will not Insure asalnst cap
ture. Most of the business of reinsuring
the cotton will, therefore, fall upon Amer
ican companies It Is expected, however,
that they will not have to carry the en
tire burden, as the British underwriters
will write the bulk of the usual marine
business.
STOCK SPECULATION
ON PAR WITH RISK'S
OF EVERHAY LIFE
Broker Declares It Is Not
Gambling Unless Applied
to All Departments of the
Trade.
The common statement hoard these
days that speculation Is dend and will
never revive, and that tho Stock Ex
changes no longer have a function to
fulfil, Is very Interesting, but perhaps
If tho meaning of speculation and Its
accompanying phase, marginal dealings,
were better understood the criticism
heard from time to time would be of a
different charact-r.
The primary motive of speculation of
any kind Is a desire for a profit. Most
people connect speculation with securities
only and do not understand tho full
scope of the word. Tho farmer raising
his crop Is neer accused of speculation.
The position of the cotton grower today
Illustrates to a nicety the speculative pos
sibilities of this department of American
industry. When the present cotton crop
was planted It was done with the sole
Intent of selling It at a profit. In a great
many casos the planter borrowed at his
bank on the prospective prollt and spent
the funds In rnlslng the crop. He now
finds himself In the unpre:cdentod posi
tion of not lx-lng able to market the
fruits of his toll and cannot pay his
notes. H- has done what a security spec
ulator often does He has bought his
orop on tho margin. He has put 20 per
cent. In labor In it and the banks have
advanced fO per cent In cash, and with
the price of the commodity declining to
a point where he cannot get his labor out
of It. In fact cannot realize enough to
pay the amount borrowed, then he, like
the man who buys securities which de
cline, must hold his product until such
a prico Is reached where he can sell at a
profit, or sell for what he can get and
take his loss
Was not tho cotton grower speculating
on such a good demand for cotton when
tie plnnted It as to net him a proflf
The grower of nhat and other grains
plants his orop with the samo hope, and
in fact ovory enterprise Is gono Into with
tho hope of a profit, and the business
situation Is shrewdly considered by the
on making the ventuie.
When a piece of property Is purchased
with a o.ish pimt-'it and the ba'.anco
borrowed on mortgage tho buyer has ono
of two purposes first, either ho considers
tne property i.heap and hopes to sell at
a profit, or. secondly, he is uttrartcd to
It for 'hing purposes und hopes to be a!lo
ultimately to pay for It In full and own
It. Therefore, we still have the elements
of speculation.
When securities aro purchased on mar
gin tho same principles aro involved. The
purchaser deposits 2ft per cent of tho
purchase price He has tho same mo
tive. He Is either of the feeling that
tho security, by reason of one of a great
many means, viz , the condition of bus
iness throughout the country, or the char
acter of the business, which might have
unusual possibilities. Is cheap, and he ex
poets ultimately to sell It at a profit, or
&ri ho is attracted by tho dividend re
turn or other consideration, and intends,
if possible, to own the security outright,
and considers the SO por cent, paid at tho
statt merely the first Instalment. In
either case the predominating factor Is
speculation, and he Is taking advantage
of this particular feature.
Perhaps the greatest misnomer given to
this form of trading in securities Is gam
b'ln anl that It is merely netting on the
future of the market. This Is not the
case, unless it 1b applied to all depart
ments of trade. Is tho cotton grower
betting op the conditions that will per
mit htm to sell his crop Is the produce
dealer who buys a cargo of potatoes. If
he sells them at a profit, betting" Is the
roan who buys a property and sells it at
a profit winning a bet? If a man bets
n the com'ng eleition, say ?10, and
wins, tha other Bide of the transaction
loses 21000,
A purchaser takes 100 shares of V. G I.
and pays S3 for it, and deposits tlSOO an
margin, and then sells It for S5. The
broker makes his commission of $35 on
the whole transaction, and pays over to
the purchaser the balance of (2100 Does
this coma out of any one? Does the
broker loss ISW on the transaction, or
even rLsk it, to make 3t? Does It sound
reasonable!
It all depends on the point of view!
BROKER.
NOTES OF THE KAIL
The Interstate Commerce Commission
today ordered the Chicago, Hock Island
and Pacific Railroad to 'uwer rates on
flour, bran and shorts from Inman. Kas.,
to various dominations in southwestern
Missouri. The new rates, becoming ef
fective Decemi.tr 15, piovlde for a rate
of m? cents per ICO pounds on flour, and
13 cents per 1C0 on bran and shorts.
Application ot the Ullno's Central Rail
rosuj tnd the American Express Company
to continue to charge lower rates on
fruits and vegetable from New Orleans,
La., to Chicago than from Kenner, La ,
to Hawthorob, III., was denied by the
Interstate Commerce Commission today
Reparation waa awarded to the Kenner
Truck farmers' Association, of Kenntr.
La., for An overcharge on a shipment be
twe the pointy named.
The complaint of the Union Bag and
Paper Comjiany, of Hudson Falls, N. V ,
aaainst the Delaware and Hudson Rail
road because of alleged unreasonable
rates on paper and paper bags between
HudkOn Falls, N. Y . New Orleans and
Jlcbll, Ala., was dismissed by the In
terstate Commerce Commhwloa today.
Present rates on butter, eggs and
dressed poultry, from Peila. la., via
II ssia'ppl River crossings to New Tork
city and other Eastern destination over
the Chicago, Rock Island and Pall?
Railroad, were declared reajora'lo by
tbe Interstate Commerce Commisslcn to-
PHILADELPHIA MARKETS
GRAIN AND FLOUR
TWtEAT. The market opened lc. lower,
but RiterwnrJs rccocrcil and cloned firm Trndo
fnlrlv active. Quotation Car lots. In export
e!fntor-.o. 2 red, spot and October, l 085?
11.1. Xo a red Western. tl.l4el.lS, No. 1
Northern Iiultith, 1 SM1.2I1
CORN Receipt, in.floo bushels Qult
and He. loner Offerings moderate, but
nmple Quotations: Car lots for local trade,
ns to location No 2 yellow, 83083HC. s
steamer ellow, S2m!J83c.
OATS. Receipts. 44.1U1 bushels The mar
ket weak nnd Mn. lmcr under n light uV
mantl and easier outside advices. Quota
tions: No 2 white. r3mrr,4c : Standard
white. 12'i83c . No. 3 wlilte, G1'4M.
1 1.0 1 H. Receipts, 2.1U bbls., l,ri2B,8S0
U" In sarks Tho markit quiet anil without
Important change. OITorlnKS moderate but am
ple. Quotations, per 11)0 lbs. In wood. Winter,
dear, U.'ftfM 1'0, do., straight, W.".25, do ,
ratent, n.Gofeil 75, Kansas, Btralght, Jute
sacks ") 2tOT. 10. do , patent, iuto acks, $3 4U
Wftnv spring llrst. clear, 6.1093 30, do.,
straight, ?o..t;ir, no, do., patent, $31053 83;
do, faorlto brand, inflo.to. cltj mills, choice
nnd fnncj patent, Jfttlitro, cltv mills, regular
grades, winter, clear, $4 73JM l0; do, straight,
S.Mfft 23 do., patent, $3 .V)fl3.7B
HYK ri.Ol'lt In moderate but nmple
supply and uulet nt former rates. vo quote
nearby and Western, In wood, at IMiG.30.
PROVISIONS
Onet nnd without Imnortnnt change.
Quotation". City beef. In sets, smoked
and alr-drlcd, SOff.llc. , western beef In
sets, smoked, SOfifllc ; city beef, kunckles
and tenders, smoked and alr-drled. rfHia.e.,
Western beef, knuckles and tenders, smoked.
.llti.'lSc, beef hams, SWMOs pork, fnmlly. 2!
lifi'd TO; hams. ? I Hired, loose, 1443130:
do . skinned loose. 14VrtlSe d0- Ao- smoked,
li-tfli'lic , other hams, smoked, city cured, an
to lrnnd and aernge, lt"4Vl'e . hsms
Mnokcd, Western Hired ir4ti1"C do., boiled,
boneless, 23Sr24c . picnic shoulders, H. 1
cured, loose, ll5 'it 12c. : do, smoked, l.TGt
14i , bellies. In pickle, nccordlng to average,
looe. lomm.o, breakfast bacon, as to
brand and average, city cured, 20t88tc., no.,
do. Western cured 2f.t21c.i lard, Western,
refined, tierces, lOVQUc; do., do., do., tubs,
ini.r.pii. n.i.rt ,.1,1 tAttln rendered. Ill
tierces, io"J(iJ11c , do., do., do., In tubs, 11Q
REFINED SUGARS
Pull and weak. Concessions granted In
ome Instances Quotations' Stnndnrd granu
lated, .", Mc . Hne granulated. S.SOc . powdered.
0 'ioc . lonfectlunera' A, 0 70c.; soft trades,
4 PiVB" B.V.
DAIRY PRODUCTS
IlCTTrill Fancy stoct sold fairly and
ruled tlrm under pcorclt). Quotation, western,
fruh soMd-paiked ireamery, fanev specials
it.c , ostra, 34c. extra nrsts, 3. ff Ale , firsts.
2sti,luc seconds 2.Vf27e , ladle-packed, JIM
21c, as to qualltj , nearbj prints, fancy, 3,c .
1o average, extra, .'ItttaKc . do. Hrsts ..ljf
He .lo , se nn Is. Ssmoe Specttl fancy brands
of prints Jobbing at It'd4tc ,
KflUM. Demand good for fine new-laid
igKS and market llrm Quotations. In free
cnes nearbv estr.ts. 35c per dor , ncarh
firsts $UUil per -tandnrd case, nearby current
K'ceipts SS.7ii.ii" per stutidird case. Western
extra, llrts. S'iiO per cae. do firsts, S ,tW
ner cae do, second" rtlfi 7 20 por case
bundled and recrated Ircsh eggs were Jobbed
out at !(K!41c ter doz as to quallt
CIIKIlsi:. The market a shade firmer Un
der light 1 fferlnga and n fair demand. Quota
tions New York, full-cream, choice, latc ,
do, do, fair to good, ll'iflSc; do., part
skims, S31.1C
POULTRY
LIVE. Offerlncs of desirable stock mod
erate and values steadll nnlnulned on this
description. Quotations Fowls, lJSjlf'c. , old
roosters 11(Ij12c sprint: chickens, according to
qu.illtv. UVilSc. , ducks, 11914c,, geese. 138
14c., gulness joung, weighing 2 lbs. nnd over
apiece por pilr. 70c.. do, welching 14Bt-
lis. apiece, per pair nMitSc, do, weighing
1 lb. nrlece. per pnlr. fiOc. old. per pair, 30c
pigeons per pair 13J18t-.
IlltEsi:i) There was little trading nnd
the market weak and loner under liberal offer
ing" Quotations rresh-kllled poultry fowls,
rer lb gel, ited heav, 10c , do. weighing. 44
.'-. lbs -inlece. lc do. weighing i lbs
2(r2Jc , broiling chickens, nearby, rair to good.
HWfl. . chickens. Western, 4 lbs. and over
apii-cn, Kitjc . do. do. 3'4 lbs nplecc. fat. 14
(Ti 13c . do , do . 24!M lbs apiece 113134c ,
brolltnr chickens. Western KcJ- lbs apiece,
17c : broiling chickens, Western, fair to go d.
12fll4c ; aquabs, per doi . white weighing 11
to 12 lbs per doz . $3 Uit4 23 white. vvelKhlnjr
0 to in lbs per doz.. J2 73fl.1 GO. white, weigh
ing S lbs per doz , i2 2732 40. white, weighing
7 lb. fr dnz , Jl 73'12, white, weighing S4
lbs rvr doz., S1.2r&'l W; dark and Na 2, We.
?1 10
FRESH FRUITS
Grapes a shade tinner under light offerings
and a good demand. Other fruit showed ltttlc
change Quotations Apples, per bbl Jonathin
M'dJ.W, King. 2.r,fci3 Hlush - GOfi3 l'nld
tvln, $17Sti2 2.1. Greening. SI 7.Vtr2 23, Tent
mmce. $2 2r,22 7G, Pippin JITGU'-'SS. .York
Imperial. 1 7MT2. other good eating varleti. a,
$17Wi2 50. me Hum, SI'S I GO: f'rab. S4ff4 GO.
v'rub iples. jer bush basket SI GOW1 73. ap
ples Western, per box, Jl'nlV), apples Pela
vvare and I'entisjlvanls. per hamper, 2.Vi4)i
Quince" r'r bbl 2i.Gii Lemons, per brs,
$3fM. Hi ipffrult. Florida, pel crate 51 Gn
2 rd Pineapples per crate rorto lllrn si 23f(
1 2s rioridu, 5102 GO Cranberries, Capo foil,
Earlv Black . per bbl. $3 W54, do. do, dn
per crate flf140. cranberries. Jersey per
craie, $1171 23 Peaches, Virginia per 20 lb
basket riB'.i0c , do. do per crate. Ilfil73.
do , Delaware, and Marv land, per basket. GOcJ
fOc . do, do, per crate Sl'ijl73 I'eache
New York and Pennsslvanla per basket
Mrge whlto or Jel on, t!0c ftfl , medium 40
GOc. I'ejirw, New York per bbl. peckel, J3 GO
G; Bartlett, No 1, 4(GGO. do.. No. 2, .' GO
ffl.1; neurro Hose, Sift's GO, Sheldon, Mlrt,
Meurie Cliirgcau $2.301 GO. lieurro d'AnJou,
"2303 2.-,. Du-hess, SJ 2V.J3 23 Unwell, 523
J30, other varlctlea. $2ii P,ars Bartlett or
eckel, per bush, basket. J1.233'.' Orates, Now
York Concord, per H-lb bucket, 131il1a , do ,
per 4-lb basket. OSlCc , Niagara, per 4-lb
basltet, IfVifc , Delaware", per 4-lb basket,
12iriV Grapes, Concord, per 20-lb basket,
IGTi We
VEGETABLES
General trade fair and pricofl steadily
maintained Quotation" White potatoes, per
bush Pennsylvania. GS6Jnc ; New York 4G
ciiGOe ; white potatoes Jersey, per basket,
S'.li4Gc.. BWeet potatoes Eastern ?hore. Tr
brJ..No. 1, $17'.ft2 3G; No 2, 7.1c $l.
aweet patoe, North Carolina, per bbl
No. 1. 41.7'.fJ2. No 2 73yijl, sweets, Jersoy,
per bbl.-No 1, JI 7133 No 2 Jl GOttl 71.
et eeta Jersoy per basket. Gfrjrnna Onions,
per bush . 4r.GQc . do cholco, per 100-lb bag,
1 do . medium, per 100-lb. bag, 7SS0Oc. fab
taee, domestic, rr ton ISn do, Danish, per
ton, J11K14 Cauliflower New York. Tr
crate CGtgtiGc. Celery. New York, per bunch.
lOtjtaOe. Mushrooms, per 4-lb. basket, $10
1.10,
Man Found Dead on Road
WILMINGTON, Del., Oct. 20 The hcxly
of nn unknown white man, apparently
about 65 years old, was fount! on the Day
road, near here, this mornlnf? No one
rememljers liavlnB seen him before. From
a letter In his pocket It is supposed the
man was K. J Lowe, of New York, as
the letter was a recommendation from
the manager of the Colonial Hotel In
New Tork.
U.S. SHIP OFF TO HONOLULU
TO KEEP PORT NEUTRAL
TJncle Sara TaVes Action Against Al
leged German Rendezvous.
BAN TOANCISCO, Oct. . Rear Ad
miral Charles Pond hae been notified
that the cruiser Cleveland has been or
dered to Honolulu to augment the United
States warships now keeping that port
nsutral,
A report that a Herman fleet Is in a
secret rendezvous eouth of the Hawaiian
Islands, where German merchantmen are
supplying them with coal from the Ori
ent, has caused the United States to
take this further measure to maintain
neutrality,
CTMrnfflnftftSasg
Winter Approaches
Keep a warm, clean house
by using READING ANTHRACITE
I
1 0
No Smoke
Your Dealer
The Philadelphia and
Iron Company
General Office, Reading Terminal
Annual Capacity, 14,000,000 Tons
&
L
TRADE IN WHEAT
FAIR IN ACTIVITY,
MARKET FIRMER
Commission Houses Have
Fair Buying Orders at
Opening of Chicago Grain
Market.
CHICAGO, Oct. 23,-Trade In wheat this
mornliifr was fairly active and tho market
opened firmer. Commission houses had
fair buying orders and It was believed
that Europe wna purchasing contracts
ngralnst requirements. But bullish senti
ment was not pronounced, as the trade
Is becoming Impressed by continued
liberal receipts from the farms, which
are offsetting sales for export nnd after
the start the gain was lost.
Yesterday's export business was esti
mated at l,90o,000 bushela. Ths winter
wheat belt needs moisture and the be
lief Is growing that the area sown will
not bo as great as was expected some
weeks ago. Advices from France Bald
the shortage In grain there was becoming
pronounced, notwithstanding largo pur
chases. Consumption In that country Is
on a heavy scalo and native offers aro
email. Wheat at Paris was up lc. to
day and flour lc. higher. Scandinavia,
Norway nnd Holland are bidding freely
for all offers nnd are willing to meet
the higher views of holders.
Wheat shipments from Argentina for
the week are estimated at S0.000 bushels,
nnd the wheat crop of llulgarla at 45,
931,000 bushels. The average crop Is about
fO.OOO.OOO. Futures at Iiverpool were not
quoted today, but the undertone was
very llrm. Jlanltobas and hard winter
there were up 1 to 3d.
Corn was quiet und easier. Some trad-,
ers said, however, that thoy believed thero
was too much company on the bear side.
Corn nt Liverpool wns firm. The easiness
In America and predictions of large ship
ments from Argentina were without In
fluence at Liverpool. Exports from Argen
tina for the week wore estimated nt
S.S75.0O0 bushels.
Oats declined, with selling rather gen
eral. The export movement continues
heavy.
Provisions wero lower on larger re
ceipts of hogs and a decline of 5 cents
In prices at tho yards.
Leading futures ranged ns follows;
Tes.
Wheat Open, Illsli. Low. close.
December 1,1 1 1.14 1 12i "1.13
May 1.10K 1 lltti 1.17i '1.10
Corn (new delivery)
December 07s; VTli 67 tG7S;
Mar "Wi, TOM. 01i f'O's
oats-
Doecmbr 4M1 ('i IS 4
May S2H MV 31 S2H
Lnrd
October . tin. IT!
November .. 10 02
January .... 0.S7 0.S7 0.S2 0.IM)
nib''- . .
October 1020 110.12
Jnnuary ........... 0.7!, fl.SO
Jpnuary W.R2 18.S2 IS 72 tIS.OR
Mav 10.0S 10 0.-, 18.07 10.10
Bid. tAsfcod.
LIVE STOCK QUOTATIONS
CIHCAOO. Oct 20 HOGS Itecetpts, 23,
000 Markets. t" to 10c. lower. Mixed and
butcheri. $7.10(57 65: good hexivy. $7.20ftJ
7fi.'.; rough heavy. I0n0i7 10; llcht. S7i?
T.0O; ptBs, $.1.in7.10, bulk, $7.25(!J7 fl.
OATTLK KecelptB, 5000 MarhctB, stronc
T,p,e. S(!.50(iill: con and heifers, J3.B5Q
0 60; stoekers and fcedern, tS.GOraS; TeTnn",
37 4nrctSS0: calves. J0Q11 SIIETRP. ne
celpcd, 21.000. Msrketn, stronc Native and
Western, $3.2.'iBr,.0(i, lamb-. 5.50ge
RAILROAD EARNINGS
NEW YOItK, ONTAHIO AND WESTRRN.
1014. lccreao.
6ept. grow Ml.HW $28,152
Set 1RS.422 24,141
Surplus r,'-,45S :il.930
rare months- cro...... .W W tu.OM
BurpluVV. .".v. f,20.185 2I1.KM
OKOnOIA SOUTHBP.N AND FLORIDA.
SeMemlvr grow l2T'5 ??'S1
Not after taxes 21.WW5 13 On ,
Threo months' cross.... &C iMO M3
Net aflor taxes (x.u-fl B.iUL
Increase.
TODAY'S MAREIAGE LICENSES
Thomae E. Atkinson. Leasue Island, and
Anna M I'lrlch, 214 N. Durlen nt.
Robert D Clark, 1114 Mt Vernon it, and
Anna K. Thomas. IMS N. 10th at.
James M Hell 1007 N 44th t , and Mabel
O fUewart. 430 N. 37th at.
Thomas Bradley, 148 l'leusant at., and Susan
HIrt. B007 Chew t
llenrv W. Pfeffer. 2130 Oreen st . and Bar
bara Fulford, 2033 Spring Garden st
Wlnslow Dunlap 2833 Arizona at., and Ruth
Kellan, 232U Tork st.
Jn.m O Davidson, 3007 N Sth st.. and
Mary llenrtn. 015 E Westmoreland st.
Benjamin J BtinBer. 231 Watklnj .. and
Katherlne A. blmpklna, 23th and MoKean
John' Jones, 219 W. Duval St., and Mollis
Adams. 122 W. Trice st.
OBITUARIES
SADIE MONTROSE JOHNSTONE
Famed ns Southern Woman Who
Sided With Union In Civil War.
NEW TORK, Oct S3. Mrs Sadie Mon
trose Johnstone died at the home of her
daughter, Mrs. Samuel II. Wood, In
Ellenhurst, at tha age of 71 years, lira
Johnstone came of the famous Montrose
family of the South, and was looked
upon until her death as the only woman
born of Southern parents who sided with
the Union. She became a nurse In the
Union lines, and at tho end of the war
was married to Lieutenant Commander
John A. Johnstone, of the United States
navy, after whose death, in 1&53, Mrs
Joluistone became circulation manager
of The Hertford Magazine, of Chicago,
with her offices In New York.
She was appointed Postmaster of Win
field Long Island, during tho MoKinley
Administration. She leaves a eon. Lieu
tenant Gaston D. Johnstone, U. S. A.
Will Furnish It
Reading Coal and I
She will ba burled on Saturday In the
National Cemetery at Arlington. Va.
WILLIAM F. MAGTTIRE
For Many Years Associated Wltli
This City nnd New Tork.
William F. Jtngnlre, for many years as
sociated with newspapers In this city and
New York, Is dead Is Atlantic City. He
was 52 years old. Mr. Mngulro wns seized
with nn attack of apoplexy while Visit
ing friends.
Mr Mngnlre lived In Philadelphia when
a young man. At the tlmo of his death
ho was circulation manager for tho New
York Evening Mall. Ho wns a member
of the Philadelphia Elks Lodge No. 2.
Funeral sorvlcca will be held for Mr.
Magulrc at the Elks headquarters, Juniper
nnd Arch streets.
GODFREY ASCHKANN
One of Oldest Members of Philadel
phia Florist Club.
Godfrey Aschmnnn, a florist for 84
years, and one of the oldest members ot
the Philadelphia Florist Club, Is dend nt
his home 1012 West Ontario street, from
lilood poisoning.
Mr. Aschmann, who expired In his 6Sth
year, leaves a widow, three daughters
and three arms.
HENRY 0. OLADINO
Henry C, Qlndlng, a veteran of the
Civil War, who saw active service with
the 155th Pennsylvania Volunteers, Is
dead nt the residence of his son, Albert
Qlndlnif of Clemcnton, N, J, He ex
pired Tuesday, In his 78th year. Mr.
atndlng was a resident of Camden for
many venrs and took an active Interest
In Republican politics. He leaves a
widow nnd two sons.
HARRIET S. LAKE
OCRAN CITY, .V. J.. Oct 29.-Mrn.
Hntrlet S. Lnke, SO years old, died at
her home here yesterday. She wns tho
widow of Simon Lnke, tho founder of
Ocenn City nnd the oldest member of
the Dnughtors ot tho American Revolu
tion. Her fnther was ono of tho guard
of Somora Point in the Revolution. Ho
also fought In tho War of 181i
DWIOHT C. KILBURN
HARTFORD. Conn., Oct. 23. Dwlght
C. Kllbourn, 77 years old, clerk ot tho
Utchfleld County Superior Court, and
one of tho best-known Civil War vet
erans of Connecticut, died In his native
town of Litchfield yesterday from pneu
monia, after a few days' Illness.
IN MEMOHIAM
HAM'KES In snd but lovlngr remembrance
n'fo0,c?o,b?rC2.i,.,toTSKnS- Wh0 -p5J? ti,?.
WIPE AND CHILDREN.
eatfjg
ANTHONY. JOHN ANTIIONT, 3303 North
AKOOE. On October S8, 1914, LTDIA
ItODINSON ARQOB, widow of tho late Sam
uel F. Aritoe. a(red 07 jears. Itelatlvei and
friends aro Invited to attend the funeral
services on Friday, at S o'clock p. m., at her
Into residence, 6141 Arch st. Interment at
Milford, Del., Saturday, upon arrival ot 7:23
a. m. train from Philadelphia.
A6C1I3IANN. On October IS. 1014, GOD
FHEV ASUHMANN. aged CO years, runeral
services on Saturday, at 2 p. m., from resi
dence. 1012 Wost Ontario st. Interment
private. Chlten Hills Cemetery.
BA,VJ'?- 9? October, 27. 1014, WILHEL
MINA, wife of Aqulln Bauer Funeral on
rrtaay. at 8;S0 a m . from 2315 N. Cfcrllslo
"'g.h ?ta f Ilequlem at tho Church
of Our Ijodr ot Mercy, at 10 a m. Inter
ment at Holy Keaeomer Cemetery.
BEIlNZOTT. On October 28. 1014, AGATHA
widow of Frederick llcrnzott. funeral on
Saturday, at 8 30 a. m., from parlors of Mrs
Joseph Sehmltt & Son. 1211 North .1th st.
Interment at New Cathedral Cemetery.
HROWN MAGGIE BROWN, B0 yeors, 107
W. Nippon si.
lll'HKK MAItr BURKE. 240 South Bth
I1UHS. On October 28, 1014, JEANNETT15
Ilt'bS, widow of rrocjerlck liuss anl the
lato Jacob Slccele, nxed 70 yearn Funeral
on Monday, at 2 p. m , from 1514 N. 10th
st Services and Interment at Trlnltv Luth
eran Church. 18th and Wolf sts , at 3 p m.
CHRIST. On October 27. 1014. OSCAR R..
hiuiliand of tlio lato Sarah Jane Christ ru
neral services on Friday, at S p. m. precisely
at lf.23 N. 10th st. interment at Charles
Kvans Cemetery. Reading, l'a., Saturday
mornlnff.
COOK. On October 27. 1014, JOHN, hus
band of Elizabeth Cook Funeral rorvlcoi
on Saturday at 3 p m , precisely, at hli lato
residence. 137 W Wilt st- Interment at
Greenwood Cemetery.
CORY On October ?3. 1014, FRANCIS O.
CORY. Due notice of the funeral will bo
given, from tho apartments of Oliver II.
Hair. 1S20 Chestnut st
CFRRAN. JAMES CURRAN, B131 Market
st.
DE FORD. On October 28, 1014. WILIIEL
MINA. wife of Robert P. De Ford, Hr,, In
her 00th year. Funeral services on Friday,
at 2 p. m., at 2012 North Orlanno at. In
terment at Northwood Cemetery.
EISKMAN. On October 27, 1014, ALFRED
I BISEM'AN. boloved husband of Emma
Myers Elseman. Relatives and friends, nlso
Rising Star Lodge, No. 120, F and A. M 4
AN APPEAL
To Our State Senators
and Representatives
Corn Exchange
National Bank
Philadelphia
DEATHS
.Harmony Chapter, No. B2, H. R. A., are In
vited to attend the funeral services en Sat
urday afternoon, at 2 o'clock, precisely, nt
his late residence. 3510 North Rroad t. Iiody
may be viewed Friday evening- after 7:80
o'clock. Interment private, at Northwood
ELLIOTT. On October 20, 1014, F-DWARD
vv., nuionnci or Mary K. jsiiioh. funeral on
Friday, at 2 p m., from 1310 8. Myrtlewood
st. Interment nt Jft Morlah Cemetery.
C1ALLAHIIER. HUGH GALLAGHER, 2422
North Lnw-rencs st.
OILMORE. ARTHUR OILMORB, 1884
South 17th st
HARMONINO On October 28, 1014. JOHN
S., hmband of Elizabeth llarmonlng. Fu
noral services on Saturday, at 1 p. m., at his
late residence, 2022 East Tioga t. Inter-
mem private, at rernwooa temetery.
HAflSON. On October 24, 1014. CATHA
RINE J wife of James F. Haeson and
daughter of the lato Patrick and Bridget
Flahey. Funeral on Friday, nt 8 n. m., from
Rtampur's lane, below Slonehoure lane, KSth
Ward, Solemn Requiem Mass at the Church
of Our Lady of Mount Carmel at 0:30 a. m.
precisely. Interment at Holy Cross Ceme
tery. HOITOCK. On October 27,1814. Miss ELLA
K., daughter of the late John L. nnd Eliza
beth K. Hoppock. Relatives nnd friends are
Invited to attend the funeral services, on
Trlday afternoon, at 1 o'clock precisely, al
tho parlors of George Chandler Paul & Sons,
i;i North 13th st. Interment private.
HORNER. On October 28, 1014. EMMA,
widow of Lemuel D, Horner. Br Funeral on
Friday, at 2 p. m., from her late residence,
8B10 Westneld ave., Camden, N. J. Interment
at Rethel Cemetery.
JOHNSTON On October 28, 1914. JOHN.
husband of Mary C. Johnston. Funeral Berv
Ices on Saturday, at 2 p. m from 84 North
St. Bernard st. Intermont private.
ItNOWLES. On October 27, 1914, at his tat
residence, 2020 Walnut St.. GEORGE LAM
BERT KNOWLES, In his 81st year. Funeral
cervices at Holy Trinity Church, 10th and
Walnut sts., on Friday, October 30, at 11
o'clock. Interment private.
LANOIION. On October 28, 1014, ANNIE,
widow of Jnmes Ixingdon and daughter of
Klernnn nnd Catharlno Malloy. Funeral on
Friday, nt 8..T0 a, m., from 2C11 Aspen st
High Mass ot Requiem at St. Francis'
Church, at in a. m. precisely. Interment nt
Holv Cross Cemetery.
MAOUIHE Suddenly, at Atlantic City. N.
J., on October 27, 1014, WILLIAM F. MA
OtJIRE, aged 52 jears. Notice of tho fu
neral later.
MARKS. ANNA MARKS, 1721 Christian
etreet
MAVr.lt. JOHN MATER, 1330 North
Myrtlewonrl st.
MacMAHON. On October 28, 1014, ALICE,
vvlfo of Peter Machon. runoral on Satur
day. October 31, at 8 a. in, from 1824
South Bth at. Solemn Mass of Roqulem nt
the Church of the Sncrod Heart at 0:30
a. m. precisely. Interment Holy Crois
Cemterv.
McOHOHY. In Norrlton townshlp.Montgom
cry County. Pn JOHN, husband of Ellen
McGrory. Funeral from Oermantown pike,
near DoKalb Bt., on rrlday, at 8 a. m
Solemn Requiem Maas nt St. Patrick's
Church, at 0H0 a. m. Interment at St. Pat
rick's Cemetery.
MrKELVHY. ANNA McKELVEY, 2010
nidge no
McKENZIE. CATHERINE SHIELDS, the
lieloved wife of the Rev. Wm. McKcnzle, lato
of Almonte. Ontario, Canada, and mother of
Dr. R. Tnlt McKcnzle, of Philadelphia, died
on Tuesday morning, October 27, 1014. In
terment In Almonte.
MEINKIt On October 27, 1914. KATIIER-
INE MEISER, Wife of Frederick Melser (nee
Kley). Funcrnl services on Sunday, at 2 p
in at 3000 North Marshall st. Interment
private.
JIOKISON. On October 28, 1014. JOSEPH
M. MOHISON. aged 00 years. Funeral pri
vate, on Friday, at 1 p. m from the resi
dence of Ids brother, F. W. Morlson, .151(5
Queen lane. Falls of Schuvlklll. Interment
l.everlngton Cemetery.
NORCROSS. Suddenly, nt Wet Berlin, N.
J , JOSEPH h., Imsbnnd of Emma Noicross
In his B.M ear Funeral tcrvlces on Frldn
October SO, 1014, nt 2 p m., at his late resi
dence. Bates ave. West Berlin, N. J. Inter
ment at Berlin. N J.
OTT. In Doylstown, Pa., on October 28,
1014, GEORGE W. OTT. Relatives and
friends aro Invited to attend tho funeral er
vices, nt Ills lato residence, on Saturday
October 81, at 2 p. m. Interment at Dojlcs
town Cemeterv.
OW ENS. MARY OWENS, 1735 Plum st
KICKLEY. On October 28, 1014. JAMES,
son of Mary E. nnd the late Christian Hick
ley (neo Peters). Funeral services on Trldn
at 1 p. ra , at 1203 North Lelthgow st. Inter
ment strictly private, at Green Mount Cem
etery. PAYNE. On October 27, 1014, GEORGE
RAYMOND, son of Ida V. nnd the lnti
George 8. Payne. Tunernl services nt hi-,
late residence, 30 South Blst st. on Satui
doy at 2 o'clock. Interment nt West Laurel
Hill Cemetery.
REEIL On October 23. 1014. CHARLES J.,
husband of Katharine T Reed (nee Hughe-)
Funeral on Trlday nt 8 30 a, m , from Tol
som. Delaware Countv, Pa High Mass of
Requiem nt St Modallne's Church, at l'i
n m Interment nt Cathedral Cemetery.
ROBINSON. HEfaTER ROBINSON, 8013
Eastwlck ave.
RUSSELL. On October 28. 1011. TJIEO
DrutE M . huband of Mary C. Russell
Funeral services on Saturday, at 2 30 p m
from 2110 tlrnnge St., Grrmantonn Inter
ments at Knights of Pythias Cemeteo,
iSfnkfnrd.
SHREEVK. On October 25, 1014. NELLIE
E SHREEVH, wire of Isaac M Mire m
and daughter of the lato Amnsa D nnd
Marlon J Baron, aged &l yesrs. r-meral
services on Sunday, November I nt 2 p m .
at her resldncc of nor husKind. 17 Soutli
38th it . Ptmden, N. J. Interment Arling
ton Cemetery.
STEVENS. On October 27, 1014. COR
NELIA THERESA, widow of Dr James
Strong Stevens Tho relatives nnd frion .
ot the frtinlls are rpstoctfully Invited to at
tend the funeral services, on Siturday morn
ing, at 11 o'clock precisely, at tho Unlvtr
allst Church of tho Restoration. 17th and
Master sts Interment private (Auto fu
neral.) Baltimore papers please copy.
DIVIDENDS
I'lLVNttUN NATIONAL BANK
Philadelphia, Oct. 26, 1014.
Tho Directors have thU day declated a semi
annual dividend of EK3HT (8) PER CENT,
tree nt tax, payable NOVEMBER 2. 1014, to
ttockholdora of record at the close of busln- i
October 31. chocks will be mailed,
E. P. PASSMORE.
Vlca President and Cashier.
for the repeal of the present
Pennsylvania Cold Storage
Law and the enactment of
the new Uniform Cold Stor
age Law is made in
The Advance
out today.
This bank is taking a
special interest in the agri
cultural betterment of this
section. Also, it numbers
among its customers hun
dreds of merchants that use
cold storage houses. We
come to our law-makers as
business men to business
men, firmly believing the
present law hurts everyone,
including the consumer, and
benefits none except mer
chants in outside States. The
text of the new Uniform
Cold Storage Law may be
found in The Advance, pub
lished by this bank. You
may have a copy.
M.1 UJIiUIUBtaJjaaH
SUNDAYS
PUBLIC
LEDGER
Hunting Pictures
This week's Intaglio
presents the red
blooded huntsman and
his quarry, prominent
persons and person
ages, attractive interi
ors, stage stars
some, or all of it, will
interest you I
Lively Sports
Magazine
Full of the pep and
ginger of the football
season, now at its
height Articles on
football, boxing, bil
liards, everything in
the sporting lime
light! Much of Women's
Interests
A bright chatty
letter from Peggy
Shippen's pen, doings
of society, suggestions
for charming winter
costumes, hous ehold
hints, helpful ideas
and live n e w s of
women's doings every
where. Interesting
Magazine Section
Instructive articles
on scientific and lit
erary topics ; the regu
lar reader of this sec
tion will, in the course
of a year, be put in
touch with the best
authors, the newest
inventions and the
most brilliant literary
productions evolved in
our times,
Order your copy
from your dealer to
day NOW
SUNDAY'S
PUBLIC && LEDGER
Btwsr