iv;2-.i"lil Avwrt 'm -. . t- .i. i i ,',:"
m MARKETS
FINANCIAL ATMOSPHERE CHARGED
. WITH "PEACE" CURRENTS
Isaid to Be Good Authority for What Is More Than
Kumors "Gossip of
the Street"
PHILADELPHIA
MARKETS
GRAIN AND FLOUK
I.eV.!.lAT IJclpt. 18.822 Im-hel- The mar-
ir9tlN'Tn''crl. 1S87 bun'ieln Trml n
i-,,'""I valued were, l.ireelv nnmln.il. lo-
"lllons: Car Inta t.,r l.vuil lr.nl , in loon-
""tern Sn, J jrllmv. SI MI'MM, do,
4 ;f io nominal.
1'
;i
I
"There Is a strong current of peace talk in the Street. In the exchancts and In tho
I ' brokerage and commission houses," said tho head of one of the lurge Investment
V' houses today. "I don't know where It originated," ho said, "but I nm told It Is very
much In the aimospnoro in wusninBton. it is given," ho continued, "on the authority
cf a very prominent person In Washington who Is 'next' to thlngB, and I nm told it is
reflected in European councils.
"From what I know, I don't think It should be construed that peace is Imme-
' dlately In sight, but the Idea of another winter campaign Is looked upon with dread
by all sides, mho v-eiurui runera aro uesinning to realize what tho financial "squeeze1
Is going to be, and with another year of war It must mean ftnai..ai ruin for them,
nd that spells commercial ruin.
"I understand," he said, "that the business and financial leaders in Germany
have realized that tho United States can spend, if neccssnry, $77,000,000,000 to see
this thing through. My Impression Is," ho continued, "that there will be an armistice
f before the snow flics, and an armistice means peace; but that does not mean right
away, ns it may tnke a year to straighten out terms, etc."
"And how will alt this affect tho market?" he was asked.
"He's a wise man who doesn't nttempt to prophecy these days," ho replied.
All Waitittf on Price-Fixing
f The manager of a downtown banking and investment house said today that he
regarded tho unusual dullness in tho security market at picsnnt as lagely due to the
uncertainty as to the Government's final action in the matter of prlco-flxlng. "Thero
was Just the same condition In Great nrltaln previous to the prlco-flxlng by the
authorities," he said, "and ns soon as the matter was settled business settled down at
once to adjust Itself to the new conditions, which wcro found to be much better than
was generally anticipated. No man cares," he said, "to buy during such uncertain
times, when values may be upset overnight. It Is not that they ale afraid that thu
Government will be unfair, but anything connected with prloe-flxtnr: Is guess work
up to the present. After tho Government has decided on prices for ouch staples ai
tteel. wheat, wool, etc., the market for securities will bo very actlvo, '.n my opinion.
"As for the stock market," he said, "outside of the big New York bankers who
have a sentimental interest In maintaining prices, the market, as every rne knows, Is
Wholly professional."
Lehigh Valley Transit Company Rondr, Scarce
As an example of tho confidence of the public in the future of the Lehigh Power
Securities Company, it was stated today that no bonds of LehlGh Valley Transit
Company could bo secured ror purchase on the market. This !s one of the subsidiary
companies taken over by the Lehigh Power Securities Company In the recent con
solidation, and the fact that no bonds of tho subsidiary company are available would
Indicate that the, holders of these securities nre not at all anxious to sell.
rtM Telenhone Comnanu Not Lookina for Extensions
"There is one big corporation that Is not out looking for customers these ilayiy'
remarked a banker to one of his clients today, "and that Is the r.ell Telephone Coft
tiny. They have all they can do. I wonder,' ho continued, "If the public appreciates
what that company is actually doing. It Is equipping twenty-five military camps,
each one of which is a good-sized town. They have doubled their equipment to Wash
ington, and any ono who knows what tho Washington telephone service means these
4aya can grasp the full meaning of such a performance: in short," he said, "the 'Bell'
fceoplhave covered themselves with glory since the war."
Connecticut Railway and Lighting Company's Stock Active
.There has been considerable activity In the stock of the Connecticut Railway and
Lighting Company since it canio under the control of tho United Gas Improvement
Company. Another factor which had also some influence In bringing about this
activity was the raising of the dividend one-half of 1 per cent, but the strong backing
'ef the United Gas Improvement Interests unquestionably was the principal cnuse.
The last sales of this stock were between 64 and 65.
65,000 Teachers to Be Bond Salesmen
"1 see that New York State is going to enlist the services of Its 65,000 school
teachers In the next Liberty Bond campaign," Raid the head of ono of the bond houses
In this city that need not be ashamed of tho share which It took In the last campaign.
"What do you think of tho Idea?" he was asked.
"Well," he said, "tho war has made such inroads on the selling forces of the
' nrlous bond houses that we may have to employ salesladies eventually and, of
u..i nil Via Mori nf oimh on nnrmmiq pfiKprvp fnrro from which to draw.
i i course, vu oiiuum mii w &.. - - ,
; j If New York State takes' It up In this way other States nre sure to follow. But," he
h I ,w. ., j ,, ii tH T iun.i, Hnmla no IViov wrn snlif" hnfnrp nnrl nq thflv will llkelv bfl
;., conunueu, senium mu.v,- .w..v... . ...w ,,. --
' 'old again would never educate men to be bond salesmen. The big army of teachers
III over the country can be an invalunblo aid In selling the next issue.. tnrougn tneir
I'tlose personal contact with the much bigger army of children, by distributing circulars
5"id distributing, and collecting subscription blanks. The schools were closed during
the last campaign. They will be open nnd In full swing when the next campaign is
launched, and I believe those who are preparing for this campaign should not overlook
thli field for assistance."
Lack of Material Slopi Extensions
The manager of a prominent Investment house has Just returned from a flying
trip to Norfolk, Va. He reports a conversation ho had with Mr. Baker, the superin
Undent of tho Belt Lino Ra'lrnad down there, in which he said that six separate
'tensions of the line, which were badly needed on account of the great Increase of
' traffic, are held up partly on account of the cost of material, but more largely on
account of the Impossibility of obtaining the materials at any price. He had made a
tld of $75 a ton for some second-hand rails, but failed to land them, evo nat that
Price.
"The changes which have been made In that vicinity, especially on tho site of the
eld Jamestown Exposition since the Government took It over, have been wonderful,"
I B My. "The Norfolk and Western is building two very laree modern piers which
' are now almost completed: in fact," he says, "about from $20,000,000 to $20,000,0000
is being spent down thero for improvements, nnd the amount of shipping, especially
from Baltimore, is prodigious.
Will Millionaires Buy New Issue of Liberty Bonds?
"There is at least one virtue In !f-i ng the new Liberty Loan at 4 per cent tax
, eiempt only for normal incomes." v j remark of tho head of a well-known bond
.'( house that. makes a sncclulty of h :i Mi-mlo low-yield rails and flrsfcass municipals.
It will keep out tho millionaires who. to cudo payment or income in;., nougiu neaM
of the first Issue and proceeded to part with good railroad bonds. It will in nil prob-
-I..,. .. . .. . . ... i.-..-.. nH4 mnen IIi'aU. mnplipt fnp this. r!nqt nf
; , Miuiy, ne continueu, resuii in a m-iiui iw n,u.u ...w.j ... . - ...
' lecurltles."
j! "
in this connection a point came up which no one seemed competent to decide. It
U thla:
, "What Is to prevent multimillionaires buying largely of this second issue of
I liberty 4 per cent bonds and having their banks or brokers exchange them with
: wch holders of the first Liberty Bond Issue as are only subject to the normal income
', t, as the yield in both cases, as far ns they are eonrerned, will be the same?" It
"i lupposed they would be willing to make the exchange without any trouble, but
the consensus of opinion In tho matter was that this situation would force the
lm issue to a premium as soon as tho second Issue came out.
. ' 77irt?e More Years of War
"I was talking with a man from Belgium last week." eaid the manager of a
binkln hmi n wrnrf KJPPt. "and when talking of the war he said we may expect
li three years of It yet. No argument trying to show that the Internal economic con-
r.' j,.,. ... ., . . i A.. a iVirna vA.im mora nnd the
i, unions ot the European countries rouiu noi hiuhu u, . w.,.. ...-.-..--
L; Hhtest effect on him. He had been on the batle front and asserted inai ne Know
t'hit he was talking about.
t tjj ti.jm RTrtnhSno 7imnon;'.s Dividend
f - . !.. I... l,o Vlninr Talklnc?
fl. The declaration of a dividend or ?u a snare ikv -v --
fit tai.i.i.. .......... ... .-..i .,i..i.i,iu fi. this vear ud to $25 a share par
, -,-v.... company orings me louu """-"""--- v. nnv. nppn
t'Tiiue $100. This dividend was declared on Augusi o mai "" . - -
Wiled to stockholders of record at tho close of business on tnai ac
Reason Whu Bond Houses Don't Buy
' Rvmn i, .. u r.wl!htandlng the fact that good bonds are
h tfered at most attractive prices. Tho reason Is said to be because there Is so little
7 tor,.n.. .. ..... .... . nMrfhnm thev may mako. Some say If this
"ltlon werenoro generally known among private investors there would l be an
mediate sale for all offered, as such an opportunity, which is the direct result of
W present peculiar conditions, Is not likely to bo aupucaira.
New Telegraph Office in Cuba
- a.., . i ' tVranea. Province of Santa Clara, Cuba,
jt A telegraph office has been opened at Esperanga. rwun.
7 th Western Union Telegraph Company.
The New U. S. Treasury Notes
Referring , m,. " . ...., nf $250,000,000 United State, Treasury notes he
'r.Ba; Yesterday cnlied attention to tho clause In reference to ,. a.p..
," Proceeds which reads as follows: . ..,.., .,,,, iMmnrated banks
.. ' The nrocimria nf th,. nBrtlflratOS Will be oepoiueu wtiii .. -... .
..-.VVHU w. ...vw ........ ., n it, aiiniicriDLiuii ivi
be in prop- '-"-;-""'.,.,
Htincatea of lndhtdnM. of this issue made by and tnrougn ....., --r;- '
that such Bubscrlbtng baimr. a
olt and qualify therefor, all
lld'down in connection with t
I Urma noJ condltlona. Such deposits
rto viflLow' nominal. ,!. Xi.
.. ,'s"",'Ipi- liS.TiS liu.Viflii. Th mitkel
WAS tlull flnri ,.,., .i..l ..natitlw rtL',c,1 i.rlrpfl
hi!?: l$i?r- ' : wh,t''- :,31Sc' N0' 4
lh.Ft,?,r',.n'rell'. "i0 ,,b1"' .n,vl J .IRT.OtO
!S,V..ln "In. Tl.rc won llltlf trnrtltm nnd
51 W" lire'lv nomlnni. Quolljnn, rr
1IM1 if. tn u..nj ,AA,,n n. tuin n.irk!l about
-;! I, wmir lrnl(thl. nw. liolfin.Wi
LV,.1"1"..! !SBr' nrv' $lii7aW11.2Jl Jo, MMlfht.
y;:.. nifliijn, .in', n.itcnt. '.tiiW
11 7.V spring, nr rI',r 0j, jio.75U.7;i
S?'. raifnl- '. tll.SAWll Ri! rto, ptent. old.
iMin1f,l2-Tft- dn' fiV'Trlto brands. iti.7ft9 JJ l"i
Iffi, ?i,!ln; ''"""''r rniiIm. winter mralght. 1'
Win Mi, ,0, n0i pate it MO :r. 10 "5.
ItVK t"I.OUP. sold n'owlv nt llif IM dp-elln"-.
Wo quote I9S510 per barrrt. as to
duality.
PROVISION'S
Th market ruled firm with n talr iobblns
demand. The quota tlcn.i were a follows:
City beef, in etd. s-iiokrd nnd nlr-drled, :i4e.
wtnern bef n ot. emoked 31ci city beef,
knucklm nnd tencb-rs. nmoknl and nlr-drled.
3Bc: 'et,rti h.f .,urki. ami tenders.
nioked rv lMf hnma, S.10H.1S: norK. family.
Kt.nnrn-, liami. M r. eur d. loose . alflSI'ii"!
no, e'dnn.d. loose, "Hjjriir. do. do. amoxea.
r.ili4T"lo. other hntns. smoked, city cured, ns
to In nnd and averairo. L'3iiJ3'4e: do, smoked.
?''' i eured. 2.1 iff 2.1U c - do. boiled, boneless,
!;''. ; n -nle shoulders, y. I'. cured, loose, SOe;
do sm-ik.'d. 21c. Illlcs In rlrklo. according
Jo aen.cr, ijnse. ;sc. breakfast bacon, as to
brand and :iernite, cltv cured, 3tlc; breakfast
barer,, ivcstern cured. nc, lard, western, re
fined, tlorces, 21c, do do. do, tubs. 21c, lard,
b'trc tlty, kettlo rendered. In tierces. 2le; do.
o. do, In tubs. 24c.
MONEY-LENDING RATES
NEW YOnK Money on call opened at
2?i per cent; high, 3: low, 2; Inst, 2HJ
closed 22Vi: ruling rate. 2J per cent.
The only change in money market condi
tions is an easier turn in call funds, quota
tions for the day at 24 per cent being
nearly 1 per cent under the recent figure.
Time money was superficially a shade
fnnler In tone, but the real situation In thla
respect is not changed. Loans on Indus
trials were not notably changed nt BV4
per cent bid for six months, BVidTSH por
cent for live months and oi?5Vi per cent
for four months. Ivoans on good mixed
nre nominally 4QUH per cent for sixty
days, 4ViQ44 per cent for ninety days.
4',4 5T4-1; per cent for four months nnd 4i
3 B per cent for live and six months.
Prime bank acceptances are unchanged
on a moderate volume of business at 4 H
and 3i per cent for Inellglbles nnd 3i
and 3Vi per cent for eligible?.
FlIII..nCLriIIA Call, B per cent;
time, 6(fJ6.; per cent. Commercial paper,
six months. BCBV per cent.
U.S. RAILROADS WIN
GREATEST VICTORY
Huge Job of Delivering
Materials for Army Can
tonments Completed
READY TO MOVE TROOPS
By WILLIAM ATHEHTON DUPUY
WACitivrTriv Anr at.
ti,- ii.. r.t it,- nii ti.v. ,,. thos'! cndloss strings of cars that were
The railroads of the nation have just ,,ioclnn. thn ,ermlnall,. u ,van,ed t fnd If
discussed the tangle In which they found
their freight. They reduced the freight
problem to Its simplest form, Its elemental
unit tho car. They thought that If they
could make the car efficient they might
handle more freight. They appointed a com
mission on car service for study and re
port on the situation.
But they took another step which pre
vented a further aggravation of the conges
tion of the gateways of the East. They
placed an embargo upon any railroad which
was suffering from congestion, it was for
bidden from receiving freight In the West
until the ships wero ready to receive it nt
tidewater. Thus would the congested rail
road be forced to refuse freight nnd allow
it tq go to n competitor who hnd track facil
ities. Competition was thus eliminated, and
tho freight went where It could be handled.
Hut the Commission on Car Service de
veloped more nmbltlous work, U went Into
BANK CLEARINGS
nnnk ciearlnn today compared with corre
sponding day last two years!
1017 ini 101.1
ltoston .... n.Vin.l.TSn 27.27J..04t 2i,h7;i nil
l'htlnd.tnhia 47.2tn.sio .11,734.530 2431M 76
New York.. ,1 Rt.1.,103 1.1S.21I7.1KH 3UM4nj241
lt.ltlmnre
I M. I.0UI...
11.2 12.(194
20,070, 431
n.nss.snn
14. tun. 112
4.4ns rnt
lo.noo.30i
REFINED SUGARS
The market was uulet but steady on a basis
of s 4fiff S.7.V for extra tlno Brnnulatcd
DAIRY PRODUCTS
Dt'TTElt The market advanced lc undtr llp-M
ottirlnes, stronter outside mUlcta and .1 cool
demand. Quotations. Western, aolld-iiacked
rreamery. fancy speelils. ir.c. oxtrn. ts'iflli.
extra llrsts. 42e. tlrits. 4lc; seconds. 4(ic
ni-nrby prints, (jim. 47. nvernRe, extra. 4. ,41
4llc. firsts, 43 14c seconds. 4142c; sprclal
brands of prints toliblns at .10V33C.
1XGS Fine nei aid egpa were scarce nnd f.rm
at the late advance but heat-d.mneed 8toi k
was dull and Irregulur In value. (luotatlonn.
Tree cntes, nearby tlrsts, $12 rr stindard cise.
current receipts. Jll.711 per case, tec'iids. $10. J.,
010(1,1 tier cane, west.rn extra llrjts. 812 t"'.r
case: firsts. $11 70 per case, seconds. 510 3.'r
lli.d.1 per case: fancy selected crss Jnbblnu at
4841c per dozen.
CHCUsr. ruled firm under llKht . offcrlniss
and a fair demand Quotations. New lork
full-cream, fancy, June 24e. specials Meher,
fresh-made, best, 2Hi241c. choice, 235f23'c.
and fair to rood. '.'L'tr.'24c.
POULTRY
t.IVH Fowls were In fair request and firm
under moderate orferlmss. Sprlnis it. likens were
dull and w, aker Quotations follow : Fowls, as
to aunllty. S3 if 23c, roasters. Kill 17-. sprint:
cnlckens not l.enoms. plump. eilow.skltmcd,
welching l'i2 lbs. apiece. jj'Wi'ir, rprlns
chickens, not Lcchoms. smaller slz s. 24'l't2rto,
Whlto J.erhorns, 22S2.V; ducks, l'eklti. 1H' . do.
Indian Runner. ITtiy, dj. sprlns. 20Cf2le.
pigeons old. per pair. 2311 20c. du youiur. tcr
pair, Ltl22c.
IRnSiJi:L Klnc dcslrable.slz-d stock sold
fairly and ruled firm at reeentlj revised prices,
(quotations rovrik. 12 to box milk-fed. dry
picked, fancy selr. td. 27i . welshlnB Va lbs. nnd
over apiece, 204c. do. 4 lbs uptoee, 20c. do 3ta
lbs. apiece, tee. do. 3 lbs. nplce, 22W24e.
fowls. Iced. In hbls.. func. dr-pltked. welsh
ing 4H lbs. and over apiece. 20c; do. I lbs
apiece. 2.1tf2.l4c. smaller sizes. 19fl21c; old
roosters, dry-ldcked, lUe: brolllnc chickens.
welBhlnir Hi 1' 2 lbs. apiece Jersey, fancy. 3.1
ra ;iue; vireinia. lancy. -B't'-iuc; oiner .neiii u..
j western. 24ti2(ic. turkeys, iresn kiiicu,
FOREIGN EXCHANGE
NEW YORK, AUB. 21 BuslncFa In the
foreign exchange market was limited and
thero woe a modcrato degreo of Irrcirulnrlty.
.SterlltiK, French cxchanire and rubles held
Hteady, while lire nnd Scandinavian turned
a shade easier
Quotations wcro:
Demand stcrllnK chocks 4.7BA. cables
170ft; sixty-day bills nominally 4.72,
ninety-day bills 4.70.
Franc cables G.76T4. checks B.77.
Mre cablos 7.4H4, checks 7.42i.
Swiss cables 4.41, checks 4.43.
Guilder cables 41H. checks 41i.
Pesetas cables 22. 75, checks 22.65.
Huhle cables 21, checks 20.86.
Stockholm cables 33.25, chocks 33.
Chrlsttlnnla cables 30.50, checks 30.2B.
C'ipenhaKen cables 30.25, checks 30.
DIVIDENDS DECLARED
Motor Servlcs Company of Pennsylvania, regu
lar quarterly of 2 per cent on common and 1
per cent on preferred, both payable September
1 to stock of record August 21.
Central Leather, regular Quarterly of IV
per cent on the preferred slock, payable Oc
tober 1 to stock of record September 10,
Cuba Hallroad. remilar semiannual of 3 per
cent on prefirrod, payable August 31 to stock
1 f record on sanio date.
Tecopa Consolidated Mlnlnic Company. 2 per
rent, payable October 1 to stock of reccrd
September 13.
American Coal Company. IS a share, payable
Peptember 1 to stock of record August ai. Last
lebruary 3 per cent and an extra of 2 per cent
was d-clared,
California Packing Company, regular quar
terly of pr cent on preferred stock, payable
October 1 to stock of record September 20
South renn Oil Company, regular quarterly
ef $.1 n share, payahlo September 20 to stock
of record September 12.
Ileywood Hrothers A Wakefield Company, reg.
ular semlinnual of 3 per cent on preforred stock
payahlo September 1 to shareholders of record
August 24.
2.12Sc!
tftA rw- (K w..lpn hi NT b, r, "Ti''l-t . mni'
mon, 2022c: ducks, spring. 21P22c. squaha.
per dozen, white, weighing 11 ti 12 lbs por
dozen. $1.2.10.1; do. do, '.( to Hi lbs. per dozen,
f 3)1(194.10, do, do, X lbs. per doen, !3 iSW
8. 10; do, do. 7 lbs per dozen. t2 2i( 2.(.((: do.
do (1 to (l',4 lbs. per dozen, $1 1.1OT2. dark.
J1.302 small nnd No. 2. (!0i ITIl.a.,.
FRESH FRUITS
Deslrahle stock met with fair 3.V.C and values
generally were well sustalmd. n follows:
Appls, nearby, per hamper, H'ifl i.i.'do. do.
per H-buah. basket. 2.1c V$l. bmons. per box.
I7SS..10; plnenpples, I'orto ltlcn, per crate, 52.10
4.50; plums. Delaware and Maryland. ier
basket, (lOcffJl: grapes. North Carolina and
Delaware, per S-bas'.iet oirrler, l.2ul ift.
cantaloupes. North Carolina. Itldgeways, $1
1 ,10. do. Delaware nnd .Maryland Jumbo, per
crate. 75c$l, do. do, do. per standard crate.
SOVHSci do. do, do. per pony rate. j'jeiW. Cal
ifornia. Turlock, per st.indird rctt- , "V
2.23; do. do, do. per pony crnte $1.0; do, do,
do. rr flat crate. Odc'rfjl; p.i.u'hi. MrglnK
and West Virginia, per bushel basket, $1 SOB
2..10; pears, Delaware and Manlai.d. Ilartlett,
per hamper. t MI1T2.25, watermelons, southern,
per car, $1000300.
VEGETABLES
Offerings were fairly liberal and prices gen
erally favored buyers. QjoUtlnns: 1htt no-
........ r..t.,n Khore. ner libl No. 1. SJ..10U.I
No 2 S1.2.1G 1.7.1: op. nciaware nun .,iau uiiui.
r,er bbl No. 1. 52.7.1 '('3. do. Jersev, per , .
Lush basket. No. 1. 70 7.1c No. 2. 33. 10c
do. per bush.. 51.131 30. ."ve't potatoes. North
Carolina, per bbl.. No 1. S3J7 4. .No. ,-.;" J
2.23i do, Virginia, per bbl. No. t.J I SOWS. No.
2, $22..10; do, Jersey, per B4 -bush, basket,
$1. 50 V 1.7.1; onions. Jersey, "per H -bush, basket
OOcifJl.13: mushrooms, per 4-lh. basket, l.iv i.
CLOSING LIVE STOCK PRICES
CHICAGO. Aug 21. HOGS Receipts. S0OO
head, estimated tomorrow, ID. 000 head. Market
slow, lOSMSc lower than opening; top. $111.85 at
tho close Uulk. $ln.7S01.ao: light. $1S
10 SO. mixed, $lfl.lollt.B.1; heavy. J17 MB
lUt'0. rough, $17 83ffiln.l0. "
CATTI.K Hecelpts, 4000 hoad. Market slow
and weak. $15
.sunup Receipts. 9000 head. Market strong.
til Lambs, $10.30.
KANSAS C1TV. Aug, 21. CATTLE ne
celpts. 18.000 head Market steady to 10c lower.
HDOS Receipts, 7000 head. Market 200BOc
higher. Advance mostly lost.
SHKBP Hecelpts. 4000 head. MarkU 13(fJ
25c higher.
SOUTH OMAHA. Aug. 21. HOOS R'celnts.
yiee. head. Seme shipper 2.1c higher. Tackers
steady.
CA'lTLK Receipts, 10,000 head; lOo to 1.1c
SHKHP Receipts. 10.000 head. Teeders
steady to higher. Killers slow.
completed tho highest slnslo Job In ship
plnK ever handled In a month by any
agency slnco tho world begun. That Job
was thn dellvory of the materials for tho
building, almost over night, of sixteen cities
of 40,000 Inhabitants each the sixteen
cantonments that are next month to receive
tho army that Is to be.
Tho tnsk was hnndled without confusion,
the bulldlne matorlnls were on band when
tho contrnctors wanted them and no delay
In America's progress toward effective par
ticipation In the war has occurred because
of problems nt transportation,
Tho finishing tourlies aro Just now being
put upon the prupiimtluns for slmltllm;
087,000 men, living In every town nnd ham
let nnd city block In tile nation, from their
places of multitudinous residence Into theso
sixteen mushroom cities. The Government
Is thrusting a great passenger problem upon
the railroads that have Just proved their
ability to handle the freight emergency. It
has every nsurnnce that each embryonic
soldier will have rolling stock under him
when his time comes to move
TUIL'MPlt FOP. IlAILTtOADS
This proven ability of the railroads to
handlo these great freight and passenger
problems Is a matter of great satisfaction
In Washington and Is In strong contrast to
that condition of congestion which existed
a year ago when cities of tho Fast were
suffering eugar and conl famines and the,
gateways wcro blocked with accumulated
freight that mado even normal tralllc Im
possible nut something has happened to
tho rnllroada ot the nation In the year that
has pasoBd and that something, say tho
authorities, has saved a situation that
might easily have led to a calamity.
A year- ngo the nations of F.uropo were
buying vast quantities of supplies In the
United States. They were paying for them
f. o, b. and ordering them sent to tide
water. The railroads were vying with
each other for these vast shipments and
forwarding them as fast ob they were
londed Tho Kuropean purchasers wcro
having their troubles In getting ships, nftd
so It often happened that when tralnlonds
of materials reached the const there wcro
no ships to receive them. Tho cars were
run onto side tracks or their cargoes were
put Into warehouses
Soon tho terminal facilities of tho rail
roads of tho Fast were filled to overflowing.
Freight on its way Fast was held up at
nttHbursh, and the backwater of that con
gestion was felt In Chicago. The yards of
Minneapolis wcro filled with cars that were
waiting for Chicago to get relief. The
freight of the nation was In a ctitlcal condition.
BIG PROIILE.1I SOLVED
It was then that the action began that
has resulted In a condition now existing,
a year later, In which 25 per cent more
freight Is being handled, congestion Is being-
avoided nnd there nre yet hundreds of
thotisnnds of cars that may be spared to
meet Government emergencies.
First, tho railroads themselves got to
gether In a big meeting In Louisville, and
they were performing their maximum serv
ice, its findings were revelations to the
railroad people thcmrelvcs. The chief of
these was the fact that the Individual car
was carrying about half the freight that It
was capable of carrying.
The terminals In tho East could not be
increased Tho cities were too closely built
about them The car supply might not be
increased In time to meet an emergency
that already existed. Hut If twlco the
freight could be put Into a given number
of cars, tho old capacity could well handle
the situation and at-y probable Increase.
The freight In any 1000 cars, for instance,
might bo put Into f-00. Then the freight
handled might be Increased 30 per cent nnd
that Increase In this case might be put Into
550 cars. Thus would 750 cars tako care
of 50 per cent more freight thnn bad for
merly been handled by 1000.
INTERESTS POOLED
These conclusions had been reached when
In April last representatives of all the prin
cipal railroads met In Washington nnd
passed n resolution declaring themselves
ono foe the winning of the war and
pooling their Interests. It would probably
have been necessary for the Government to
have taken action that co-ordinated the
railroads had they not themselves Initiated
that action. Hut the Government and the
railroads came to work together as a re
sult of this resolution nnd through the
medium of the Council of Nntlonnl Do
fonso, of which they became a part through
tho Railroads' War Hoard created for that
purpose.
A survey of the enttre country would
reveal the facts as to where cars were over
abundant nnd where they were badly
needed. Thero were great numbers of emp
ties, for example. In that region north of
Maryland and east of Indiana, which li the
great manufacturing section of tho nation.
The Industries of that region have been
drawing unprecedented amounts of raw
materials from the South and West. The cars
that brought this freight have not alwayd
found their way back to the point whero
they might be reloaded. The Railroads' War
Board found these empty cars and Issued
peremptory commands that they should be
sent to the points In the nation whero they
wero most needed. The empty cars wero
put In motion. A positive famine In cars
In the South was relieved and as a result
that vast mass of lumber th'at went Into
cantonments this month, most of which
came from the South, could be moved with
dispatch.
FREIGHT SPACE SAVED
But loading cars to capacity was found
to be the great need of the rallrtad world.
It was the solution of tho natlon'e freight
problem. Innumerable abuses had grown
up. Tho dealers of the nation had been
offered reduced freight rates If they bought
In tar load lob. Tho definition of a car
load lot was mostly made a generation ago.
When enrs carried 30.000 pounds a' mini
mum carload might have been 20,000
pounds. Then cars Increased tn size and
came to hold 80,000 pounds or even 140,000
pounds ns some of them new do. The mini
mum accepted as a car load Incroased
somewhat, but not ns rapidly as did the
cars. So It camo abctit that cars were
loaded with freight that was nearly al
ways much less than they should carry.
To meet the great emergency the Rail-
aOErW.lJSi
vhub ti Mr nMn
of the natloiito the mtximuM. Hill
per cent bove the captcitytitw
them. Frl, it issued lia mi
the roadt themselves to fill their. Wtra
It Is difficult to set a mesMta to Kit
individuals in a great industry an.'
them to its application. Then. beridM.
railroads do not load the car. They
toaded generally by the shipper. The M
pers of the. nation must be aroused to.
necessity of maximum loading. Thev'tw
be reached through their organliatlen
Individually and made to load heavlljr.Jf.
Tne nuyer is the individual wno.i
most effectively Impress any fact upon,
seller. The Government came Into. 1
operation and ordered shipper of iu
bought by the Government to load to
naeltv. The Allies nrs nalceel tn mUAr
similar demand and did so. This affecte
considerable amount of freight .and
saving began to be ftlt But It will al
be true that the mass of the frclrht la
private Individuals and not the goveflh'-f
menu ai war. ine our men in inautrxi"(
Ing. Then there is finally the small dl;,
who buys in minimum carload lots and wh&
evlf itvrvurbrA that atlna.4a .41vj
His freight Is one-fourth ot thlt of rail-
roads. Ho is hard to reach, hard to ca
vlnce that. his action has anything to1 s5
with a great cause like winning the wort )
war. The railroads and the Government
!... . . .- . ...2.".J
are just nuw irying 10 convince mis mis;
. . . ...' . .... . ' : .',x
tnat ne snouici uuy in quantities that would
nil cars to their maximum. He Is not yet''.;'1
doing nis snare, Dut it is hoped he will p
ris rvrtn . ,-ij
But the result of this co.ordlns.tlna. nfLfi
railroads has already been monumental n Wjp
Its importance. There li llttla frelrht In ":'ii
the nation today that should move and ii',fA
not moving. The congested conditions of i."'?S
year ago have disappeared. Whn thaiiShJ
cantonments needed 160,000 cars scattered j?. S
all over the map they got them. The wheat &$
crop promises to be moved promptly, quite,. tSM'd
largely tnrougn mo device or diverting It Vri
tn r?.,ie ..Acta I..I..J .. ((..(. I. ... .. irt
w um. ,.j. vct i,c.u u. 'luwms Ik IU CUHq "
iu ina Atlantic, us usual. ivKP
DISCOURAGING TRAVEL . UW
A most unusual situation has arlstn. for.M
It Is now being said by railroad men about , 4"j'i
the Council of National Defense that th(kfJ'4J''
American public travels too much. Tha's fi5.l
railroads are themselves taking steps to yJiV
discourage travel. No excursion trains ar V-ilJ;
being run this season. Many passenger SScW'
trains are oeing tanen on, ana me public v jrvjui
aiiuwvu iu wjiiatio until & irsn ireqieiu if
service may give it an opportunity to go aa
Journeying. One line has taken oft 10J
trains and others In proportion. The en- "
glnes are hauling freight. Despite all thla.
the passenger travel Is this fall 25 per cent t -,
above the normal. , Folks Just won't stay at f
home. The railroads are peeved about it
"i- ..;.; w
PURE
FRESH PAINT
SefeveMe
m
If you
neglect your teeth in
definitely, decay does
its work.
Then why neglect that
painting when you know
the consequences?
Get our ettimat no obligation
Kuehnle
PAINTER
US.l6thSUS',&
Vaii.1!
UimM
Jf ?VgaT.. i
' JJ'l.TlTlT.,
Krvr,
-A. .! J
$zrw
M
i "Lik?
.&;
Jm&
GOVERNMENT'S LOCAL
MARKET REPORTS
This dally repert s ff otf by the
Bureau of 'ar);rts ot the Vnltcil Slates De
partuicnt l .lp-" ulturc, Philadelphia
branch, Kith hciulytartn : at iOO-316 In
turance K- honor Hulldtng. Hell Tele
phone, Lr.i.tb'tid 1 17.
(Wholesale prbrs m large lots to Jobbers.)
'IV'ITS
APPI.BS. lienr'-v " -1''J:',ri!;nBl"t "
ouarter pecks). hatdp'cUeil. 7.,W0Oc. poorer,
lOWJlic: IVims, ..m ,r mish. I b.isVt (H 1.1
quarter r-cks. -'"i l "''
I1ANANA!.. ner h.inch (0-10 dozen). 11.40.
ni.ACKllLIUHEH per quirt. New Jersey.
10HlTCKI.Ennr.nii:s New Jfey per quart.
li'SlSc; per (1-lb. basket. (,M,.ie. ,,
rtASPnEItnina. per pint, New Jersey, 8 12c
(!'A VTAI OUPns, California. Turlocks, per
taarScrate1 nielnn,.. Jl 712; per pony
efaie W Kn.'"' lociT'.? rby! r h
"Jlhel haslVot (15-18 melons). 7.l0B5ci culls and
P0OHAPi:ns?''iwarby. per -bushel hasket (25
4-iu mish' v vy zv::z:y'i
5iK,nSr nearly rTt bfsVJf; 0
ua7te7pe7k,r'rW.tt:per.l.bajk., crate.
yi.. f "n;mninn. ai.-.ivi.iu. ..-
... ' id,.'. ;;; : ''., ';,,.,. ' -i . ' I, -( , r an. ' .''"'- ' "
V ...;-; ', ' KV'.i.-li. si ...';;';:. '. ir-v : j j,- '- ,fc vr"1"!- n ?ar-r
, & HteifMy J.AB.S mmu mbh . r-r zl
WMWS8ffiSS7 X-:. ,VPy c r 'a V ,
r l&kw r m v. -w.h, it lVNAiia lr Ttaw .' m il
p"' 7-
ri
nTL
- VT.JLr
'
w v -5
.
.-.
hertis. iaes'ofl. CallfornUs
auctioned yester-
rfHifelA.Ttr&,?,. nart-
"pi'.OMS. CaTlfornU.. per 24-lb. crate. Kelsey.
05cJ2.00i average Vi.yii uranu ut.
K8&-
-s.s.S A
(hzrmgi,
lf.-'.
Mm
,14
JfV,
Jti'
KUel
fetl
Si
1 T. , I
.j'ifi'.Kl
;li-
11 3.1; ilurhank. 7.1B0OC
'WATERMELONS, per
hundred melons, 12.iO.
BEANS. Phamper
H...1 u w"
r car. iiooosioi per
VEOKlAUl.C.Jl
(13.13 quarter pecks).
Vaw Vork S1.2.1Ul" neaiuy, 1 .,UV""M
1JUU1?. n-arny. i' ;-t .u,h.l basket (12.15
U. iipatujt t- -
m iinAOf
h.arlei If. (ft".Te
UlUlUiO, n-rni'-v
- iff hiinrhia. l.Ti(HSf
:burherba,.kVt'.8-0quarter-reck.7.
! 50; rt
V.?w, ....... va.i. rinrl Pfnns vl vanlria
vhux.ni. .'. u'"ii,iA '
'7ia .a-lleail 'IIVV.I r
(0osM?Jv?t"'Eslier"n VhorV of Virginia, rer
O.Nlu.Na. V,?"V"VncW$li New Jersey, per
".ZTr feUov and wlilte t. 2501.50: boilers,
HWs'Vw "vork'.''r VusheVhV'rnper (IS-iS
''"rn'fpP.ns."'"'" 'rer K .bushel basket (8-10
do
. ...t..nlfltlnn few
Htrurt comnan.e. n- neariv as may be In proportion to uw '""7 "
f thla issue maae
ng baiiKP and tr
erefor, all substa
tlon with the pr
SUe made by ann mr .; -- -
VMM that such subscribing baimn and trurtfomPm ..-
m ... .a.aa m n r l n i v ubbvi -
pot and qualify therefor, an """" ". Llberty uond and, upon
;W4 down In connection with the proeeed of Liber ty
M Urma iind eondltlona. . Buch deposits will be left wni m -
AfoDStaastern Shore . -fralnla, P.r
SWV.rSJSJr per -bushel basket (33
Vuar'ffMTecK.).' No. 1. 7080ci No. 2.
4l?P.9r.'. r,.rnrs North Carolina, per bbl,
1.152.B0; nastern nn ic. n,75q,
Nr"BoVr,!Sir'"peck,;5,
too i-ATKroit ciwissincATioy
' AJj-J
v -.. ' rMi;.i,
-N--3rf. Xi-itH-
m .aa, ..PT.? tn
V& W ev ;-lfl
W 1D mm
v m m. -Jfa IX" JZ.i- ft1!!
3 m
JfWtt 0F JS HSt&A
m
clmM
fi
IIUATHR
CLARKNCB W.. husband
pi ,i........ -ir..
F'e"J'cS:Ki:r. funeral ri'liurs.. 1 P..m.. from
'""-'-""Htr.fford. Chester Co., ra. jnt,
.D?yi1,?'"ftnfii. end T son of II. Willis and
.'. ''""JiVrSv Davli. aged 2.1. nelatlves and
rtorenceiMCLpy A'VTli n't...... 1 . n (mm
rlends lnted to iui
: in..' NtriTiDru
riivieiivc4 '- -,
Jl.Jpivl'n AU. 20, ELIZAnETH. daujh.
1'ftSlfe..,,rirV.!'2Dp; m' .t b'e";
vU?5.V.' fMldinVrl 2010 E. S.r.eant st. Int.
C2.Wi50e ciro? fttroelns may ba viewed W.d.
ir.'.nr. Auto funeraj.
HBIJ. WAWTBD-MAUB
ftA ,rjp ?l,x .JT, ,a
. t v' ' ' i AT.. TaT.
wi ,; .. ,.'$5fl
. J..,, i
-t'et-l '
a.W
kO
-;.i, wiM.'and assistant couatsr
r::'
ir ex-
There were many people disappointed in not being able to obtain a Radium Eclipse Sprayer on our
first offer, because of the overwhelming demand from nearly every State in the Union. t As a result
we have decided to offer another special lot of
250 Radium Eclipse Sprayers
Absolutely Free
With Every Gallon Can ($2.50) of Radium Cleanser
RnrKnm Cleanser is the greatest cleaning proposition of modern times. It quickly kills all Flies,
Mosquitoes, Roaches, Bed Bugs, Germs, Microbes, etc. Radium Cleanser has. no equal as a cleaner 1
of Furniture, PaintworK, rorceiam, me, eu;.
It is harmless to humans and easy to use. Radium
Cleanser is now being used by all the warring European
Nations in trenches, barracks, camps, hospitals with
marvelous results.
For Sale at All Leading Department, Drug, Grocery
and Hardware Stores or Direct From
Radium Chemical Co.
805 Bailey BJdg., 1J81& Chestnut St
i j ..
y.. ,.'
il'?Vi', tf
mm,'
'Tiilm -
.WJiYh'
mm
'&'J.
a
COUPON
Radium Chemical Co.
805 Bailey Building,
1218 Chestnut St., Phila.
liATltTATYIain
Herewith pleass find $2.50 for one itallon en of RADIUM CLEANBBJU. -jt
oeinB unaerfctooa l receive one uauiusi isuiiirac oriwian tiu iov. uim
VRlSE wlUk It'.e can of liquid both carrlaj-e paid. t. , Jv
....... e.tMyf
..- -j&xruM
kU rii f l.i
mm