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EVENINO LEDGER PHILADELPniA. ERIDAT, XOVEirBETt 27, 1011.
OLDERS OF BOPS
IN NEW YORK AGREE
TO PROTECT ISSUES
dcrstanding Also
leached on Securities
Iparried for Foreign Ac
count.
Developments over the holiday continue
jAVorable, and In hll quarters there la
jpntln,ued Improvement ns broad nhd
truiy ns a rising tide.
n Important factor having a direct
faring on the resumption of bond trad
er on the floor of the New York Stock
change tomorrow morning has been
irnlshed by an unanimous agreement to
grotect securities In every possible way.
la understood that n thorough under-
Standing has also been reached In regard
So securities carried In New York for
fotelgn account.
j" pf the bondholders In tho New York
Btoclt Exchange late Wednesday after
noon, but no statement was made after
tho mcetlne. n n ,, nnd.n ...i,.... --.i
Brokers present wcer apparently pledged
!to secrecy, ThB makes It Impossible to
Bjvo any definite information ns to the
plans adopted or discussed, but the points
given wero obtained from trustworthy
ources.
A new feature In stock trmtimr una h
Urgent buying from the Continent to cover
shorts, .Most of .this buying came from
Amsterdam and n good part of It origi
nated In Horlln. The stocks In a-mnt do.
mand wero Amalgamated Copper, which
Tas bought at W through the New York
Clearing House; Union Pacific at 113;.
Southern Pacific nt SI. and Utah r.tmncr
t 4514, also through tho Clearing House.
, Thero was general covering nt mnnv nf
the minor Industrials through tho Clear
ing House. Orders to cover shorts In
'united States Steel common were also
.received by Stock Exchange houses, but
they were compelled to buy this stock on
tho NeW Street curb, whni-A It rnnirr.,1
obovo 19,
This buying has attracted renewed nt.
,tcntlon to tho known abort position oh
arbitrage account In New York for Ixm--Con
and the Continent.
Foielgn houses have made freuuent
statements In tho last two years ns to their
euanutng ncavny short of stocks In Now
York ns a result of continued arbltrago
elllng, which was not offset by shipment
iof stock and the vnrlouB Interlocking cle
jments which are now being put back In
place In tho financial and commercial
structure necessitating an evening up or
closing of these accounts.
Tho New York Slock Exchange authori
ties decided this morning to resume ticker
service with the printing of btfnd nuotn
tlons and transactions tomorrow. This
news was received on the street with
pronounced satisfaction. It had been ar
ranged by tho Committee of Five to defer
jiicner service for several dayB and to
make reports of sales only In hourly bul
letins. It Is the current belief that this
change in the program was n direct result
of thu bondholders' meeting on Wednes
day,
Industrial Hems Include reports that
eight new submarines have been nrrtprni
by this Government from the' Union Iron
Works of San Francisco, and that one or
der for 15,000,000 cans has been received
by the American Can Company. Atchison
ordered 12.000 tons of steel rails from the
United States Steel Corporation.
Foreign exchange was steady. Demand
"Sterling. 4.83; cables. 1.00: franco mhli.
B.IOW: Helchsmnrks, 85, a new low rec
ord. Money on call and up 90-dny time loans
was freely offered at -Hi per cent. In New
rrork.
Although hedged with restrictions, the
action of the Governing Committee of
the 1'lilladelphln Stock Exchange In deciding-
to reopen the Exchange for re
stricted trading on Monday morning was
favorably received by the street. Very
little, wus done In the Investment Held
locally today. For the most pmt a de
sire to await the resumntlon nf trading
In bonds on tho floor of the New York
Stock Exchange tomorrow wob apparent.
Bales of Pennsylvania were made at
62'.4 and 52i ; Tonopah Mining, nt 7;
United Gas Improvement, nt SO. Phila
delphia Electric was 2J4 bid, and Electric
Storage Battery bid. A very dull day
was reported by the bond houses.
IRON AND STEEL MARKET
IMPROVED fURlNG WEEK
Other Lines of Local Business About
the Same.
Business conditions In this city during
the last week were about the same, as
tho previous week. The only line In
which there was any Improvement waa
In the Iron nnd steel trade, ahd then the
Improvement was not marked.
In their weekly review of trade condi
tions In Philadelphia, H. a. Dun & Co.
say.'
"In the local cotton trade business Is
still reported as being unsatisfactory.
Most houses report that, while the vol
ume of business for the past week was
almost equal to the corresponding period
of last year, the profits are considerably
less. The local wool market Is reported
as being firm,' as stocks of domestic wools
are light, and It appears that the Urltlsh
Uovcrnmcnt shows no Indication to lift
the embargo placed on tho shipment of
wool from Great Drltaln and Its colonies.
Stocks In this country arc steadily dimin
ishing and holders are disposed to hold
(heir stocks for a higher market.
"The Iron and steel market showed
sllaht Improvement during the Inst week
and some new buying Is reported to have
developed. This has naturally caused a
better feeling, thdugh actual business has
not become very much larger. Pig Iron
Is more active nnd buvlne is rinnrtnl In
larger lots. Railroads have purchased to
some extent, but are still slow In placing
largo oruers. fimtnea material Is fairly
active and a somewhat better volume of
business Is reported by locomotive build
ers, nnd shipyards are fairly well em
ployed. Structural material Is quiet.
"In some quarters tho bituminous coal
market Is reported as being In a some
what better condition than for somo tlmo
past, and one dealer reports one largo
order for export As far ns enn be ascer
tained, this la the first largo order for
export recently recelPcd. Owing to the
cool weather recently, dealers in anthrn
cito conl report n large demand, and the
ouuook is rainy encouraging.
"Tho leather market Is firm nnd prices
high. Leather of all grades Is scarce
n sman mocks are reported on hand
Glared kid Is In only moderate demand,
and greater difficulty in iiirii,.i i-
handling exports.
Local conditions In the building and
contracting line are about normal for
this time of year, and tho operations
started the past week show an increase
in operations and estimated cost over the
previous week. Also a small gain over
corresponding week of 1013. There Is nt
present only a moderate amount of pro
posed new building or alterations In
architects hand, nnd a number of plans
that hayo been estimated on are still
rnnimC ' T'B 'i '" 8tn,Cl1' t0 "HClal
conditions, but Indications point to an
year" b"Slness '" ,hls 1(nc ca"J- next
WHEAT UNDERGOES
DECIDED WEAKNESS
IN CHICAGO MARKET
Effect of Sharp Decline in
Liverpool, Marked Lull in
' Export Demand and Large
Primary Receipts.
PROPERTY VALUES
ADVANCING NEAR
THE WATER FRONT
Street Improvements, Better
Transit Facilities and
Depening of Delaware
Channel Are Responsible.
CHICAGO, Nov. 27 -Thero was n sharp
decline In wheat today on derided weak
ness at Llveipool, a marked lull In the
export demand and largo primary icoeipls.
with a promise tit larger exports from
Argentina. Argentina (orwnrded an esti
mate of an exportable surplus, which
rcncrnlly was deemed extravagant, but
within the bounds of possibility. Ited
winter wns relatively weaker than hard
In all mnrkets today.
IJradstreefs reported tho exports of
wheat for the week at 7,693,387 bushels
against 6.RP6.667 bushels last enr. Clear
ances of flour from tho seaboard today
were 121,000 barrels and of wheat 1,108,000
bushclp. Jnteilur iccclptB of wheat loi two
days were 3,012.000 busheln. Cash sales
were 160,000 bushels. Futures closed 2?i
iv 3l cents lower.
Corn again was weak. Current arrivals
from the Interior were heavy, especially
from tho Northwest, and Minneapolis sold
cash corn for Immediate shipment. The
weather was flno over the entire belt.
Some export business was done in now
and old corn, but It failed to check tho
decline. Tho ravages of tho foot and
mouth disease are proving far moro wide
spread and Important thnn had been
counted on. Interior receipts of corn for
two days were 1,512,000 bushels. Exports
for the week wero 714,931 bushels. Cash
sales were 590,000 bushels. Futures closed
H.C to Tic. lower.
Oats showed as much weakness as tho
other grains. Thero Were considerable
sales for export, but thov fnild in m,.
the decline. Interior receipts of oats for
today wero OJt.OOO bushels. Clearances
from the seaboard wnrn 47.rwi hn.h.i.
Cash sales were 578,000 bushels. Futures
closed Htc. to ISc. lower.
Provisions wero fairly active. There
were indications that packers wero fairly
good buyers on declines. Tho losses to
livestock In tho country are proving con
siderable. Leading futures ranged as follows:
uecemner . . ill", n.14
ss MH oik
COTTON MARKET IMPROVED
Prices Opened Wear Wednesday's
Levels; Off in Afternoon.
NEW YOItl-C, Nov. S7.-Only about 700
bales of cotton for December delivery were
tendered this morning. Opening prices
weio Within a point either way of Wednes
day's finals, but there was an Improve
ment In the demand after the start, nnd
nt the end of 18 minutes, the list was
four to five points Up. Professionals) con
tinued bearish.
Tho demand for December Increased on
every slight recession and this tended to
give strength to the entire list In the
afternoon. Local liquidation sent prices
off slightly In now contracts. A rumor
was current to the effect that Philadel
phia's spot interests had taken more than
12,000 bales of cotton In the local stock,
paying tho owner five points on December.
Southern spot markets wero '.Jc. higher to
He, lower.
U. S. OWED BRITAIN
$8,000,000,000 WHEN
WAR WAS DECLARED
Parliament Told by Lloyd
George Country Has Sup-
new YORK METAL MARKET
NKW YOIIK, Nov. 27,-The New York
metal mnrket was steady today. Tin.
M'WHWc. i lead, 3.S0tf 1.00c. ; Bpetter, 5.20
6.30c.
(12K
FINANCIAL BRIEFS
J. P. Morgan & Co. nnd Kuhn, Loch A
Co, todny Issued the tenth call for the
payment of 3,C99.32S from members of the
IW.cro.ooo New York city loan syndicate.
The board of managers of the New-
York Coffee Kxchnngo has nuthorlred the
Sugar r);nm'ttee to make amendments
,tr the by-laws regulating trndlng In
sugar. A meeting of tho members of the
exchange will probably be called for De-
cemutr i to vote on the amendments.
"Commercially, we hnve not yet felt
in nnv extent the irrent chnne in sentl-
Ijment which has now come about during
Itho month, hut the change hns been dls-
Rlnetlv nit In financial circles," says the
ran HI n National Hank In its December
digest of fade conditions.
ilnterborough Ilapld Transit Comnnnv
trrofrt earn'ngs In October were $2,938,217.
Increase ?si,3H; net si.69t.637. Increase
H9M. Four months gross J!0,t36,9, in
Ercnae 1291,201; net 15,621,403, increase
J317.WO.
' The Paris Bourse will open for cash
trading on December 7.
R The tondon Stock Exchange aubcom-
Ipnlttee has completed Its discussion. of the
quest.on of reopening the Exchange and
nuy approach the Treasury Department
soon with an Idea of procuring official
unction rpr such a step.
' New Tork banks lost to the Subtreasury
Wednesday J5.3o3.ooo, and since last JTi-
iay have lost S1S,9I5,C00.
The removal of so much property from
the market by Improvement of strmt
and transit facilities on Mnrket street,
oast of 7th. Is beginning to bo folt. This
Is paitlculurly so on Arch street. It Is
nlso conceded that Increased interest In
the Delawnie water front and deepening
of the channel has hnd Its effect.
KuslnesR men nro compelled to look
ahead nnd take some chances In obtain
ing n business location, ao that when the
demand for piopcrty Is made public they
mny not be compelled to pay a higher
rnngo of prices
Arch Mrr..t from 5th to 7th now has
a number of properties to rent, but very
few for sale. Owners evidently aro JioH
lug for n higher ran'e of prices. lrero iu
imp. October S-70rt A rch itrVo'tV 'rivi: ,M
1011. May ri-Southcait roPnir'bthk'n'a
Arc!) atreets. lot 21 by T3 rcct I-oul.
I orm to Matilda KVnft four-ifn
ainre property, mid at auction....... "n Ken
30,000
December
Mny ....
I.nrd
No ember
January
Mnv .....
Itlbs
Jnnuary .
-May . . .
I'ork
November
Jnnunry
.way
CSV?
. . I Ki
.in. 07
.. 0.87
..10.20
1S4T
.18.02
illd. TAskcd.
11.01
10.17
1.1)7
10.27
18.(12
1S.U7
rent
ii
tU'i
5.1
10.12 110 12
0.82 tO.hi H.K2
10.07 tlO.10 10.07
0.87
10.17
0.00 il.OO
10.20 '10 20
PHILADELPHIA MARKETS
GRAIN AND FLOUR
WHEAT. ttecelpts. 30.1.342 bunrt. The
market nn nulct nnd prlcen ware le. lower.
tJu6ttlona: Car lots, In export elentor No.
2 red. spot and Noembor. M.lnfrl.lO; No. 2
Fl. "iVr"' .' ,sl-21: No. 1 Northern Du
li'th, 11.21' J 51 JT'v-
.. 9tHN.Hecelpts, mB.l buth. Demand waa
light with no change In prices, yuotailona.
Car loK, for local trade. n to location No.
2 Jollnw, old. 82J82HC, tramer llow, old,
M4e82c.
tATS. Hfcelpta. 40,204 huah. Supplies
woro moderate and the mnrket ruled alcadr,
though quiet. Quotations: No. 2 white, 544
Me, atandnrd white, 534S4c; No. 3 whitn,
6.1J,V14c.
Kl.Oflt -llecelpta. 050 bbl and 1.177,fiGO
ln In nxke Blow of ante nnd the market
without Important change Offerings moderate
but amplo. Quotation, per 100 lb. In wood
Winter clear ; 7.1H4 li, do., atialght, x.ltM 25.
do, pntent. 1.1 .logs T3; Knnsae, straight, lute
sucks. J5.20fir. 41"; do, patent, Into sacks. JS.4K
n.in. eprlng, flret clear, ls.IO0.iat: do,
straight. .l.l51jft.(K). do. patent, J.1.IMJTR DO:
do. favorite brands. Jnuri.BO- city milts, cholco
and rancy ratent. io4frt..Mi. cltv mills, regular
grades, winter, rlear, t4.7Mf4.CO; do., straight,
I.Hf.ias: do., rntent. MAOilATS
, IlYH FLOrit. Values steadily maintained,
but trade quiet. Wo quote nearby and West
ern, In wood, $3 M30.
vlved Financial
sion Through
Operations.
Depres
Bill of
tln.75 1(1.75
18 47 1S..12 M8..V1
18.83 tIS.87 M8.U2
CURB MARKET STRONG
Trndlnp Fnlrly Active Throughout
the Day In Many Issues.
NEW YORK. Nov. 27. - Ovcrholldnv
strength developed In curb stocks, nnd
trading was fairly active In the majority
of shares. Pnltcd Profit Sharing rose
to 1GV Ilrnden Copper sold at 6W.
Anglo-American Oil was active and ad
vanced to 13.
Closing quotations on the curb were as fol-
. ' INDUSTRIALS.
ha 1 t j - H'h.
.... do pref
.... Hr Am. Tob. Co., ordy. ..
.... do Hearer
Houston Oil
2.V) Mux Motors im
10H do 1st urcf 4
do 2d prdf
.. . Mays Oil
.1100 Hiker and Hcgemnn Hit
1000 do rt ; 30
.... Savoy Oil .,
li)0O t'nltod Cg. Stores, new.. IIH
410 U. c. Stores Co. of Am.. Klg
do rref
PIK) Uni, rrorlt Shar. Corn... 1014
.... Willys Oferlnnd
.... do pref
STANDARD OIL SUIISIDfARina
i Anglo Am Oil 13 14
- ...,,. iu ftuiiiiiiiK ;,o
10 lluckeye riii Lino 110
2 Northern Pipe Line IO11
3.V Ohio OH i8t
103 rralrle OH and Oas....4.'tO
43 South renn Oil S70
130 Standard Oil of Calif... 304
12 Standard Oil of Neb. . ..140
73 standard Oil of N J.... 301
130 Standard Oil of N V 10.1
MINING STOCKS.
1WK) nrnden Copper Ub
i.n, Lanwtu Luuait ....., U4
Low.
i
2W
03
ioH
KB
110
100
177
40(1
25S
2117
.110
.ISA
ISO
ii'u. ufinunry A4 4111! Awh .
VLl0,lfr, Lcc s- Harris "'old to
,c.ed '23nori rou.r;,.,?:'.f,u.,.l,.'!nf: "
lull. JU1V 1.11114 Arrh
1,.. ,n f.. f..iI-l-"...:.,; '"' n
- . '"'"; j u"i, 4 .tuner to eiuar
antra IlarberV Supply Cnmnanx
Hill. Mnv 2-Nnrthrast comer 3th
and Arch streets. Jot 15 by 33
ffet llvi-fioo' brick building,
ruliject to ground rent tlOOO
per annum, prln (20 000
''ifli "'mm
A .r,ry .1-521-11 Arch street-
j. n-i-inry icrm cotin building lot
30,000
S.O00
3O11OO a O I) Cons.
Crown Iteeerve . .
3700 Florence
1.100 Ooldnold Cons ....
flreenwater
100 Halifax Tono
4711(1 Jumlm Kxlcnslon ,
fifti McKlnley Darragh
20OHO Oro
ll.in Stewart
8700 Tonojh Merger . .
1200 West Knit Cons ..
40
IV,
28
J1"
CO
814
43
1H
2S
Last.
340
10S
1.115
10
i:iu
18
1.1
8
30
itt
wo
uiu
H3 u
M5
1IO
100
181
420
270
30.1
340
30.1
192
H
m
w
7.1
4(1
IV,
-a
. 2. n.i-in 2.1-m
.. 70 (in nn
14H 12 14
1 7-llf 1 7-10 1 7-ltJ
.. .17 ,ia .ki
.. 37 CI) fill
RAILROAD EARNINGS
1 Th crross earnings nf tha FtpHHIni?
fransft and Light Company In October
vere 181,406, an Increase of 15999 over the
lame month of the previous y?ar. Twelve
hionths' xross was J.lE5.8ii, Increase
R70 907.
Kuhn. teb & Co., of New York, have
purchased and resold an Issue of tl.17O.O0O
F southern racine n per pent, equipment
trust certificates, Series "C," maturing
innuany tor ten years.
William du Pont has been elected a
j,vic) vjreildent of the O. I, du,Prtlt de
lemours rowaer i-Qrnpany ;p nil a
vacany.
The Washington Stoek Bxehanse will
resume trading on Monday.
DIVIDENDS DECLARED
Uan. Lsrkiuaiiai and U'iiiara rAipula-
Rra, di4(Brt of 10 per ewU.. payaUt !)
r 91 la atouk of rcord DaffcisihAr 4.
SuwUid OH "1 Kenturky. tetuUt aiiartrrbr
H MabU Juauary 2 Bouiit eloM tXaibA
IS and raopen January 4
iij i. ' ". v cn,,n "Uiiding loi
.18.4 by Incculnr. sold by Kdward T.
mil v" ID,"eorgn c Feck 70 5O0
1014. No ember JJ-SB Arch street
four-eiory nfflco building marble to
;ent .V0"-. lot IS by in feet. citatS
of William It, Moore to T. James
Perm,,- nfied (100o .....". isoso
The conditions noted In Arch street also
have extended north to Cherry street
which Is 40 feet wide between 5th and 6th
strt-cts and CO te i wld.. bet wee., cth sti..ut
and 7th street. Having no trolley tracka.
It is desirable for business purposes in
the two blocks two properties are for
rent, but none for sale. '
Here are the most recent sales on this
part of Cherry street:
lalO. October Oai0 Cherrv .i,..,
SniT8 SK& f','.0.?. rllwelUn,:
1010. May So til Cherrv lir...",hVA' uwu
Jni3C i10'9 om' dwelling, lot 10 3 by
ou.ju ft jt .. . .. a mv
1010. December 1O-fi00 Cherry street'. '
iSi,,0jrV.i,rlc,t carpenter shop, jot
10 by Ort.10 ft.. aoliTby B. T. Free-
man Co 7i0u0
None of these properties had bem Im
proved, but all were old dwellings
changed to suit conditions. 7
1014. October 1 307-0-11-11 Cherry
a"Vi ai'"t,.",r3r-'c,?Jy "lHlnr. lot
?.' by i?. " ',0,1 entructlon.
in? v-1'' bytp- ToF'f"14" -' 130,000
1014. ovembr 24 024-iUU Cherry
.ireet. two ttnrea and dwellings, with
LWOTi'2a,J.dw,lln" ln rear, lot 20.0
Sy.I2tSr"-- ?V 0'1 by the Provi
dent Llf and Trust Company, trus
tees of Samuel R. Shipley; deceased,
to Georsa A. Rower . . .. ..VTT. ... 7.oou
In the block of Cherrv atifeet lust w
of 7th street a notable sale was made De
cember SO. 1908. Nos. 71M4-16 Cherry street.
oaoaaaA.1 IIAAhM . MA.U '
Thla part of Arch and Cherry streets
and that further to the oast Is likely to
snow greater activity In the next year.
The wwder Is that a great rise has not
oet4rrxl before tfcU time, the only exola
BaUon beujg that the buying power has
COLORADO AND SOUTHERN.
October gross
Net
Four mouths' gross...
Net
Third week November.
Krom July 1
1014.
J1..-IH4. 111(1
401,202
4.8III.KT1
1,2112,871
.127.010
s.soi.on
Decreaso
Ml l.7,7
170,31(1
287.1HI
28,i:il
3.1.078
210,11(1
WESTERN PACIFIC.
Third week November.. S102.500
From July 1 3.53U.0M)
CHESAPEAKE AND OHIO.
Third week November.. lost, sail
From July 1 13.712.311
ORAND. TRUNK.
Third week November.. $111,007
From July 1 21,2(12,030
CANADIAN NORTHERN,
October gross fl,M)5,300
Net fiin,2O0
From July 1 e,ii(l.lx
Net l,S2ll,100
Tblrd week November.. .172,8r)
rro.ii July 1 8.(01.100
CHICAGO AND NORTHWESTERN.
October cross 7,713.473 S721.043
Net 2,102,31 4U7.H22
Four months' gross .... 3(.8?C,K!I8 M'l.KiO
Net 8,412,2'J2 320.41U
OHICAOO, INDIANAPOLIS AND LOUISVILLE.
Third week November., fill. .101
Frem July 1 , 2.20.001
CENTRAL Or aiRUIA.
Ootolfer grow .. l,liSV.ViT
Net 242.212
Four months' gross. . 4,28M
Net 82SJ17
UUFFALO, ROCHESTER AND PITTS-
nuituii.
October Kross $8U',.llil
Net 217,004
UNION PACIFIC.
October gross Sil.201.U34
Net , .1.SSS.75S
I-Uir month' gro 34.i,li2
Net U,I1.W4
CINCJNNATI, NSW ORLiSANS AND TEXAS
rAcint.
TtilM week November.. S1BT.900
Frem July 1 3,m,ST2
OMAHA.
Oetobw grew l,TOU,oau
NW 1,i?i
Puur BwatRV gross.... fl,84.7M
Nit 1.B4S.800
SS3.100
43S,3(XI
.1!),013
1,00,000
1231,401
2.072.731
$7lll,S00
4I0.1MX1
l.4l!,4ll
R22.S(
233.20.1
2.212,0(0
2(i.Kn
171,017
SV.S.?S,
330. 7ftl
(Ki.1.131
200..13H
I !W).0.13
110..129
XI,1S2.370
7(I2..VM
1,377.10.1
Ul,b
J0,7rt:l
llW.Oftj
iiai.wa
!
!.70l
'XM.USO
enerasa.
SANE CL2AR1NQ3 .
:arr-
mnv rui.npet'wj-i
Jesrlags todvy cumtiarad wub
ta yATS
Bans
djBjs ijf nas
- - - 1011
ailitdeuttUa tn.Mtf.JT7 tta,
B?Bvers fqr Coal Prq'perties
CHICAQu. Nov. ST.-FrancU S. Pea
body. Of Hinsdale, Jackson K. Derin. of
Lake VUte. and Jutei Wu4y. of Bvaiw
vliie. IaJ.. have been appointed receivers
for tUe coal properties of the Chicago and
Pattern Illinois BaUroad by the L'nlted
Plates Dtetrlct Court. The action was
taken at the request of the lecelvere of
tea road, who asked that thev be reliBvd
vS railss tot th col proper tl. becAuae
tbey aj wt couverat with the cal
Tnist Companies Will Not Pay Tax
NBW YORK. Nov. 27. At a conference
in this) city today of attorneys for the
leading fruit companies it waa decided
uuanuouly that companiaa should not
pay the tax of l on eaoo tlWi of cap
ital, surplus and undivided profits under
the war revenue aet It Is the opinion
of tbete attorneys that the act does not
apply to the capital, suiplua and undi
vided profits of trust conipanlaa tnaamuah
at they bold that the; amounts are not
inverted in etrioly becking- bugjnree, ts
in the case of ruiaur esMlered banks
PROVISIONS
Tho mnrket qulot and without Important
change. We quole City beef, in sets, smoked
ami air dried. 20fff.10c.i Western beef, In seta,
smoked, 2!i10c, city beef, knuckles and
tenders, imoked nnd air dried, 3031c; West
ern beef, knuckles and tenders, smoked, 30
.lie.: beef hams, 130038, pork family. 12IS23J
hams. 8. P. cured, loose. 1414Vje.; do,, skin
ned, loose. LIHoilc; do., do., smoked, 14WJ?
13c; other hams smoked, city cured, ns to
brand and average, 13T18Hc.; hnms, smoked,
JSJ.ern cur,-f1' inOWWc-i do., boiled, boneless,
20JI21c : picnic shoulders. 8. P. cured, loose.
lH12c. do., smoked. 13iffl.1tic ; bellies, in
pickle, according to average, looso. KtftMMc ;
breakfast bacon as to brand and average,
city cured, inJ20c; breakfast bacon. Western
?JJJ?.,!:..,,,02nc-i ,ard. Western, refined, tierces,
125U214C. , do., do., do., tubs. 12iri2V;c; lard,
1"'" "" "ems reuoereu. in tiercra. Kit
HirVn,, v"'" "" "0'o renucrod, in tubs,
REFINED SUGARS
Values stoadlly held, but trado quiet.
Ronnera list of prlcea' Standard gran-u,.R,e.").,'',,J;-:
nne granulated. 3.10c.; powder
li'ofii'Se' confec"oners' A- ic-i o't grades,
DAIRY PRODUCTS
MUTTER. Demand was fairly nctlve
and supplies wero will, cleaned up nt steady
irlcos. Quotations. vVestern. fresh, solld
Pjcked cr umery, fancy specials, 37c : extra.
..3c. extra rlrsts, n.l(0:ip. . nrsts. 1ii(31c . scc
m.l. .'Ki.'Sc, ladle-packed. 21ffi2ic ns to
quality; nearby prints, fancy, 3Hc; do., do.,
intiniio extra. .u'4J.I7- . do., firsts, 32.1.1c.;
do seconds, 30f.'.lc. Special fancy brands of
prima Jobbing ai 4.lf4!k.
KRfiS. Fresli eggs scarce and wanted.
Cold storage stock steady. Quotations In fres
cases, nurby, extras, 4Ul4jv. por dot., near
by nrsts. J10.80 per standard case; nearby cur
rent receipts, 41.t111filo.20 per standard caso,
estern and Southwestern extra, nrsta. tltl.n
lor case; do., firsts. JU.0OB10.2o per caso;
do , seconds. 7.20ft7.S per case; Southern.
Jti.(ini 10.2O per caso, refrigerator egga, 21U
27c. per dor. as to quality. Fancy selected
candled fresh egga were Jobbed out at 4 IV
40v. per dozen.
CHKE.SE. Trade quiet, but supplies small
and values steady. Quotations: New York
rull-cream. earlier receipts, choice. 15iUuc. 1
do., do., current make, choice, lBHc. ; do., do.,
fair to good, 14 lien 10c. j do., part skims,
aQ13c.
POULTRY
LIVE. The market quiet, with moderate
but amplo offerings at the late decllno. Quota
tions: Fowls. 130113c.; old roosters, lisr
jic. ; spring cnickens. :tkic. ; turkeys, lSiffl
lite., ducks. 13 14c: geese. 14G13c. guineas,
oung, weighing 2 lbs. and over apiece, per
1"!r $;" '' wflfnlnn- lWli lbs. apiece, per
pair one. ; weighing 1 lb. apiece, per pair, 40i
uw-.i tw.. iu. iw. , pigeons, pr pair, joiuiisc.
DRESSED. Offerings ample for the re
quirements of the trade and tho market quiet.
Turkots and chickens lor. Quotations
Turkeys, fancy, large, spring 21622c. : nver
age receipts, spring. WSSOc; Inferior, spring,
1213c; No. 1, old. 20c. Fowls, per lb.
Selected heavy, 20c; weighing 4WOS lbs.
apiece. 10c- do.. 4 lbs. apiece, 17lSc.; do,
3Vj lbs. apiece. 15c; do.. .1 lbs. nnd under,
13ifl4u. ; old roosters, dry-picked, LIVjC . broil
ing chickens, nearby, weighing 114,83 lb3.
apiece. 20822c : broiling chickens, nearby,
fair to good, lOfilSc ; chickens, Western, 4
lbs. nnd over npleco, ln boxes or bbls.. dry
picked, lSl0c. ; do , do., .'IB.lii lbs. apiece,
tit, lfitflSlse. ; broiling chickens. Western, 1V4
Hi lbs apiece, ISc; broiling chickens. West,
crn, fair to good, 12BMc.; spring ducks, KIW
ISc : spring geese. HWlSc. ; snuabs. nrr dozen
White, weighing 11 to 12 lbs. per doion.
S1.1WM SO: white, weighing 0 to 10 lbs per
dozen, 1.1003.1.1, white, weighing 8 lbs. per
dozen, I2.S0OS 73; do., do.. 7 lbs. per doicn.
J212.23, do . do , WiOH lbs. per dor , 1.2BH
1.U3; dork and No, 2. 80c 1 10.
LIVE. Supplies liberal nnd market dull
and lower Quotations: Fowls 12fl4c ; old
roosters. lOttllc ; spring chickens, according
to quality, 12814c: turkeys, LliS'lOc; Uu.ks.
1.1314c ; geese, l.li14c; guineas, young
Weighing 2 lbs. and over apiece, per pair.
BOc. : weighing l'jfilli lbs apiece, per pair,
S()ftS5c. : weighing I lb. uplece, per pair, 40O
43c; guineas, old. per pair, 33c, pigeons, per
pair. lStllBc.
FRESH FItUITS
The market quiet and without Important
ilmnge. Quotations Ai ple. ixr bbl , Jona
than. f.(i3.3n. King, ss hdi.l 2.1, Italdwfn. 1 73
2.vi; Oreenlng. (I 7W(! W, Twenty-ounce,
s.'.Mimi. i-ippui. fi.i.iu.in, xorK imperial,
31 302; other good eating varieties, (I 732 St)
uiuiiuin, l(tl .. upplcs Western nar box. II
4)1.30 do, Delaware and Pcnnslranta. per
hmpr , fiOfiinU.' , lemons, per box, (IQ4,
orangi's. Kluildu, per box. SI 7.1S2 SO, grape
fruit. 1'lorldu, per box. f 1 5063; pineapplea. per
crate. I'orlo Rico, fl 23fl3 V3, (to.. Florida. Slu.
2.3U. . ranberrlis, fanc lato varlettea, pr bbl.
3484,50; do.. Cap Cod. earl black, per bbl .
34i4. de , do., do. per crate, 73c fttl SO. do.,
Jercc. pT rtnie. Tic tl 25, pears, New York,
er uui.i cecnei, slimkhu; ueurre uosc sioa rut
.-hen.oii. 1 ir,.it- ,'ialrceau 32 SOfi.l 50.
Beurre d'AnJou, 12.2336.23; Ducheis, t2(M,
H.iwtll. t2i2.5. other varieties, ?:;); grapes.
New Vurk I'omoril per h-lb basket. l.lfilSc. ,
.'o ner 4-lh. bakkft loflllc . Nlairara. tier 4.
lb. basket Sgllc; do.. Concord, per 20-lb. bos
ket. 3OT40o
VEGETABLES
I'hoice atock In fair request at revised prices
Quotations: Whits potatoes, per binh.-1'enn-bvlrjnla.
.VtSOSc. New Vork. 4(M-' . white
ttotatmrs, Jersey, ir basket, .13S40C , iweo:
potatoes, Kaatern Sbors. per bbl No. 1. tlh
2.73, No. 2. II 30O1.7.1. sweats. Jersey, per
bbl. -No. 1. a3 3J. No. 2. Me-'".! ...
Jersey, per Iwsket, (i04j7c. Onions, ihoke.
ir hush.. WJtJi . du . ordinary, per bush..
30035c; do., choice, per IP0-lb. beg. JlJjjj
1.33; du., msdluni, per 100-Ib bag S3c All.
do., seconds, pr ino-lb. bag mv4f7.v. Cab
bage, domwtlo. per ton. so. do.. Danlili.
per tun. $1 1013. Cauliflowtr, New York, is-r
, .JSfjlJlM. Lettuce. Florida, per bas
ket. iiei.30: do,. North Carolina, per basket.
V873c. Rtana, Florida, per basket. S1.204T
2 30. Eggplant, Florila, pur box. 22 SO.
Cucumbers, Florida, per basket 1 732.30.
Squatli. Florida, per basket, tl.302. Celery,
Ntw. .I0.' .P"- JnuiicB. 2345c. ilushrooma,
per 4-IU. basket. SI S04J2.
imillEMIS
THE IVBST I'HIl.AIIKI I'lllA TITLE ANII
TRL'ST CtUIIMNY
PUlladalphlu, November 3. 1814.
The Hoard of Director has this day de-
MX ) PRH CHNT. clear of laxTWablt
Dreeinber 1, 1811, to StotU holders as rcgU
tered on the teske of tbs Comvny. at cloa
of bualnew Koveinber 8. 1914.
Tli Transfer Beaks will be closed from
November tb to Nevsmbsr ITth. 1814.
RALPH I. UtVKRIN'fj. Treasersr.
PlKll'OSALS
THK DKP.UtTJIHNT OF TIIK COKONKH
Jf'L1 ,t,,V!, W,a ,w IP" tut ll13.
Hcbsdula oa < i Caroosr's ofllce ana cau
o'clock. AU btda iu h sale1 aad wltT lis
open Xlec . ujj k
cMf ciark.
LONDON. Nov. 27.-dreat Britain hns
recovered from the first flnnnclal de
pression caused by tho war, and eco
nomic conditions nre now of the very
best, declared Chancellor Lloyd-George
this afternoon ln a speech to the House
of Commons. In evidence of this, he
pointed out tho war loan of $l,7BO,0oo,OOi)
had been oversubscribed,
The depression In England during the
early days of tho wnr he ascribed to the
fact the whole world owed Knglnml
money, which could not bo collected.
Among the large debtors, he said, was
the United States.
"The position of Great Britain's In
ternational commerce Is unique," ho
said. "It stands without a parallel. Tho
financial deadlock nt the beginning of
tho war was not caused by lack of na
tional credit, but by tho failure to re
celvo remittances from abroad.
tTNITED STATES OWED .000,000.000.
"For the moment we could neither buy
nor sell. The wholo world owed us
money. Tho United States alone owed
us $5,000,000000. We could not transact
nny business.
"Tho transactions of the Bank of
England In this critical time have been
enormous. Despite the prevailing con
ditions, however, thore hns beon only one
serious complaint."
The Chnncellor declnred Great Brit
ain's business and commerce had been
saved by the bill of operations passed
by Parliament to assist the empire's
finances. He said the currency notes
now outstanding amount to J1R9,4M,000.
"This Government has accopted respon
sibilities that no Government In the paat
has undertnken," he said. "This la tho
first great war to be fought under mod
ern conditions.
"Great Britain's Imports Inst year to
taled 7,r.OO,000,XK, ns against JI.IO.OOO.OOO at
the tlmo of the Napoleonic wars. When
the war broke out. It wan vltnl to Great
Britain's credit that bills bearing Brit
ish names floating throughout tho world
should bo honored. Great Britain waa
then a world creditor, but wo could not
even buy a enrgo of frost-bitten mutton
from Argentina.
HYPOTHECATED PUBLIC CBDDIT.
"Tho Government determined to hypo
thecate the public credit to rcstoro con
fidence In tho exchanges of the world.
It wns necessary that this bo done to
meet Immediate needs. It would have
been criminal to allow the national credit
to be in doubt for 21 hours."
In concluding, chancellor Llovd-Oeofge
eald tho Bank of England has discounted,
under an agreement with the Government,
bills acountlnrr to $800,000,000; the Govern
ment hag stipulated that the Stock Ex
changes shall not reopen without the
sanction of the Treasury Department and
thai the Bank of England now has a gold
reserve of $127,100,000,
BULLION HOLDINGS SMALLER
Weekly Statement of Bank of Eng
land Shows Decrease of 350,000.
LONDON, Nov. 27.-BulIlon holdings of
tho Bank of England decreased I3S0.000
during the last week, according to the
weekly statement. Public deposit ad
vanced 2,105,000 nnd private deposits In
creased I9,12S,000. The proportion of re
serve to liabilities dropped 2.44 per cent.
Figures for this week, last week and
the samo week last year compare as
follows:
Thl wv tai ..!. r.-! .
Circulation. ,4:33,3 14. OOO 33,313,000 2S,4t0,00O
I"ublio den. . . is,ini,oiR) in,2il,o n,74t.ooo
PrlVAte. dep.. 130,4(12,000 147,3.14,000 40,724,000
nov. accur... 20.2W.0OO IS.raM.rjOO 11,184.000
Other ecu...lIl,.1IS.0O(i 107.10.1,000 2n,Bloi)0
Itrserve . . . 63.338,000 33,700,000 27,430,00)
Prop, of res.
to llabll. .. ,11.00ft 34.04 64.18
Inilllon 72,222,000 72,370,000 3S.820.PO0
Brink rate ... 65s 6 654
U.S. COURT NAMES
THREE RECEIVERS
FOR DOAK & CO.
Plans Under Way for Com
pletion of Work in Hands
of Building Contractors.
GOLD BANKED AT GALVESTON
Funston Denies Report of Firing on
Hear Guard Leaving Vern Cruz,
GALVESTON. Tex., Nov. 27. The
$1,000,000 gold customs collected by the
United States Government during the oc
cupation of Vera Cruz was transferred
today from tho transport Cristobal to n
local Government depository.
The report that the rear guard leaving
Vera Crus was fired upon was denied by
General Funston. .who referred to "the
good feeling on the part of tho people of
Vera Cruz that permitted us to withdraw
our forces without a dlsngreeablo Incident
of any kind and with the manifest best
wishon of tho people,"
The expeditionary force disembarked
from the transports today and Joined tho
small army encamped nt Texas City.
KAILKOAD SHOPS RESUME
Frisco Plants nt Kansas City nnd
Springfield Now Busy.
KANSAS CITY, Nov. 27.-Aftcr three
months of Idleness, the local shops of the
Frisco Railroad have reopened with a
full force of 480 men. The Springfield,
Mo., shops have also resumed operations.
LIVE STOCK QUOTATIONS
CIIICAG4), Nov. 27. IIOOS Itecelpts.
20.VOO; markets strong . Mixed and butchers,
7.Knst 7.7H; k-nod heavy, 7. 43(37.73; rough
heavy, 7."3ii77.40: light, 47.10ftt7.no ; pigs,
fnetivrn: huii, $..4r,?t7.03. catti-h nV
cclpts, 13.000; markets steady. Ilervcs, ffl.30
fl 111 33: cow nnd helftrs. S.1.7rig8.83: stock
r nnd fder, SSQ7.1H; Texans. S7.40ffiH.25;
ralvrs. noi 11.23. SIIEHP Receipts. Boon;
markets stronf. Native and Western, J-1.73
00. 10; lambs, ;0C?D.30.
NEW YORK BUTTER AND EGOS
NEW YOIIK. Nov. 27. Butter, weak; r.
lots. 3332 tifirknirefl. Crpnmerv. extra. 34 V-
W34Ue. : htcher scorlnr. 33e. : State, dairy.
.17j.ic;
celptH, 3332 pnrknee. Crcnmery. extra, ,14VC
Fresh, extra, firsts. 30(R4(e. L fresh, firsts,
Eggs (1
Imitation creamer'. ilVifCMHc.
Irm nnd steady; receipts. 7102 ci
--.., ,?,,u. it.a.n, uvi,fc -."v. , ..v-i. ....
.inrfC.IRc; nearby, whites. , rift 00c: nearby,
mixed, 3317143c: special marks, 23&23Hc.
The United Stales District Court te
day appointed three receivers to take
over nnd administer the business of the
building contracting firm of James '6,
Doak & Co. The men chosen are: James
A. nichardaon, of the lumber firm of
Getssel A Itlchardson; William R, Chap
man, Jr., of William It. Chapman Ai
Sons, brick manufacturers, and William
Woods, vice president of the Massachu
setts Bonding Company.
Owners of several of the eight buildings
under construction by the failed Arm hhd
notified the attorneys for the creditors
that they wero preparing td nvall them
selves of the clause In tholr contracts
which provided for the employment of
other means for the completion of build
ing In case the original contractor waa
unable to finish the work. The receivers'
primal work will be to prevent this ac
tion by the owners If possible, because of
the fact that the principal asset of Doak
& Co, consists of the equities in these
unfinished buildings. The owners of tho
finance Building, the biggest Job in hand,
have already taken steps to finish the
building themselves. The receivers ore
still hopeful, nevertheless, of making on
arrangement with the Finance Company
which will conserve the equity In the
structure for tho creditors.
If the receivers are successful In com
pleting nil tho contracts under their ad
ministration there will be a total equity
of JIGO.OOO available to the creditors.
Other assets cf Doak & Co. Include a
parcel of real rotate at Cape May, esti
mated by the firm to be worth fSo.OOO and
by 'another authority J23.000; the company
plant, put nt 110,000, but which the re
ceivers think will not realise that sum,
nnd accounts receivable, $24,000, an Item
which Haynolds D. Brown, chairman of
the creditors' committee, said was greatly
confused.
Before these assets can be touched, by
tho general creditors, preferred claims of
the Third National Bank, totalling (59.EO0.
must be satisfied. Other notes amounting '
to $7000 may be also Included ln this Item.
The American Bridge Company has an
assignment of about $30,000 In nil, which
Is only six weeks' old, nnd could be avoid
ed by bankruptcy proceedings.
It hns been suggested that the receivers
finish the buildings In which the greater
equities lie, obtain these for the general
creditors before the time necessary to
make the American Bridge Compnny's
assigned account unassailable by' bank
ruptcy proceedings elapses, and then re
sign. The firm could then be declared
bankrupt. This would do away with the
American Bridge Company ns preferen
tial creditors. The receivers have not ex
pressed themselves on this matter.
it.
' eri.se
About the
by
George Bernard Shaw
England's most widely known novelist-playwright gives his views
on Britain's actual justification for going to war. Regardedon both
sides of the Atlantic as the most powerful one-man idea of British right
and wrong yet published.
Here are examples of how differently Shaw is regarded:
Arnold Bennett
English Novelist
"Shaw says many things no one
else would have dared to say.
It contains the most magnificent,
brilliant and convincing common
sense that could possibly have been
uttered. No citizen could rise from
the perusal of this tract with his
mind unilluminated or his opinions
unmodified. Hence everybody ought
to read it It is tragic A pity."
Robert Blatchford
English Author and Editor
"In the midst of the fury and blood
and tears, a bumptious merry
Andrew, hungry for more notoriety,
calls upon the nations to listen to his
cracked laughter and his reckless
slanders and perversions of truth.
Go away, George Bernard Sha4l
Go and hide your shame. You are
worse than Launce's dog."
Silas K. Hocking
English Novelist
"Much of it is evidently wise and
sane. He says many things that
badly want saying, and which few
people have had the courage to say.
He puts his finger boldly on the weak
places in our armor. Brought
us from our highfalutin place to pro
saic facts . for all of which wc
ought to be duly thankful."
Christabel Pankhurst
Famous English Suffragette
"His reputation for perversity and
contrariety is fully maintained by
George Bernard Shaw in his inaptly
named article, 'Common Sense
About the War.' He scci
himself as a critic of everything and
everybody, There arc none so
lazy as to leave him to do their think
ing for them."
Don't miss this remarkable exposition of the so-styled "British
position." Read for yourself what the brilliant satirist says about
England. The concluding article appears in " ' '
SUNDAY'S
PUBLIC
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