r I REILLY, BROCK & CO. BANKERS CITY OF PHILADELPHIA SECURITIES 30C CHESTNUT ST. riCII.AIlKI.l'llIA A Remunerative Use of Money War conditions have caused many of the strongest cor porations to place on the market short-time bonds and notes. Many of these se curities nro selling to yeld from G to 7. They are con sidered sound, have good markets and present unusual opportunities for a conser vative and remunerative use ef money. We will, on request, be clad to make specific suggestions. Bonbright & Company Mortals wjstah. stuoud, jr. Manaeer 437 Chestnut St., Philadelphia New. Tork noston Clilcneo ijonaon rsris Detroit Charles J. Bender & Co. INVESTMENT BONDS Member! Philadelphia Stock Kxcuir.o NORTH AMERICAN BLDG. niKr-.CHlRV lir AC OCNTaVts Certified Public Accountant i.vwnr.Nci: 1: mtowv co Ifiin HBAIj KSTAIfi thust iumi.di.nci INVKSTIOATK & ADJI'RT PAIlTKIlttSHIP CORPORATION & DISPUTED ACCOLWTK I'Altr.M.ltslHPH rfr-HU! l'Al'Wl .MOCK IlUSIMi-i IUN IVZiJ ilucteii under tlm nnmo or The thinker ( Itv ling toiniisiny nt 317 Dp I iinrey street, una dissolved mi Auir. 27 by mutu-il consent. A. Earner iins tiikm over and will continue busi ness nt name mlrlress NEW YORK BANK STATEMENT Average and Actual Loans Show Large Increases Surplus Decreases NEW YORK, Kept. 1 The New York bank statement this week show 3 a large In crease both In average nml active loans. Net demand deposits were larger In the average statement and Miinller In the actual. Time deposits increased In both cases and the average and actual surplus decreased. Details follow: AVr.llAGU Loans Jihin.40s.nnn Net demand deposits tJ.r.cil.TJil) 00(1 Net time deposits circulation . Cash In vaults . . Reserve of members In reserve bunks... Reserve In Mate banks, trust com panlen Reserve in Ntalo banks, fruit com pany deposits, ARKrcgato reserve,. . Reserve required . eurnius L'01,711) mill .111 Nils nnn SM, 038,001) 303.OHS.000 Incrcise lis o-.o.non JVJ77.()I" l,iro,nim nos.nuii J.-'.'S.OOO 5 311,000 iir. iiiiiooo i.,,020,ooo 77 lin noo s 222,000 "s,4lilHll0 , I'll) 0011 1111 011.4911 4,80" l.'O I.J .".17 .".111 13 I114.1JO ttlnlted States (lenoslt rterilirleil. J l.'.l ..',47.(100. JSpecio Included, U14, 747,000. Loana ...t ACTUAL . ,.i ssians.ooo IS.tj,.i4J "-) imiii j".,ir.',nnn 8,43"1 onn IIJI) ooo -mi nnn 0 (US ooo 47,soo,0on 3,205,000 Net demand deposits Net time deposits .. "04 IIS ODD Circulation 11, rid nnn fash In v aults J 77,7!).' 000 Reserve of members In Reserve, bank . 3." O7.",000 Reserve Mate banks, trust companies... 1114, 178,000 Reserve In Mate banks and tiust company depositories 7.",Jsn onn A BcreEato reserve ... f.o Ml nnn Reserve required. .. 4'i 1 2.!" 100 Eurplus l.,J07,t)00 decrease J United States (leposltfi included, Specie included, lliiO 080,000 OUTSIDr. I1ANIC STATEMENT bTATK HANKS Loans, Investments.. J411. .',112,700 S.I, 701, 700 Gold 30 482 00(1 '1, ',01, 1100 Currency, bank notes 17, 405, GOO 434,700 Due Federal deserve Bank 17,707.700 4,(130 200 Deposits MS, .',11, 20(1 1,(107,700 Reserve on deposit,, 04,1)38,200 '0,703,100 1'ercentaRe of reserve, 21.8 per cent; decrease, 1.7 per cent. TRUST COMPANIES 7,4'iltOOO I? 917 000 1,487,080 5U,4(I'J,02U 1 158,707,000. Loans, investments. .11. MO 081, Gnn Gold Currency, bank bills. Due federal Reserve Hank Deposits Reserve on deposit 1 1 28(1. TOO 1J.220.70U 1 (101 800 ll,2,llll)n .I3'J,40U 21,500,(100 8.410,501) 210,811,700 1(1 '144 (100 M74.1Jl.ynn :n nnn -ercenini,-e oi reserve, ..j per cent, decrease. .4 per cent. BTATK BANKS AND TRUST COMPANIES NOT REPORTING TO CLEARING HOUSE Loans, Investment uoia Currency, bank no.es Due Federal Reserve Hanks Total deposits Net deposits Reserve on deposit.. 1840.3411,200 &H,n.iii,Min 10,130,100 snn,700 060.000 208,200 5.107,0(10 l,n2,TT),3no 80.1,5(10 400 ')'). mm 'inn Percentairo ot reserve, 20 U per cent, decrease. -decrease. 007,000 3,503,300 14,4711,800 1.M.V.70U CLEARINGS INCREASE AGAIN Total This Week Is Greater Than Last and Same Period in 1016 A substantial gain In bank clearings throughout the country Is shown by the total figures for the week ended today. The aggregate was $5,579,109,162, as com pared with $5,195,317,334 last week and $4,927,044,718 the corresponding week of last year. Comparisons follow 1017 mm n rt New York., $2,003,8(10,502 (83,4B0 Sill "!) Philadelphia Roston Kan. City .. Ht. Louis ... San Fran . , Pittsburgh .. Detroit Ilaltlmore ,, N, Orleans ., Eleven cities, Ave dais ..$3,1)77.212,073 13,035,737,003 .10 2 Cther cities, -r. five days.. 001,470,842 480.010,207 23 0 :lft 4111 ii-,.. 234,(111,222 101,731,4111 111,207,0.10 1(12,521.511) 75,(1(10 mm 111,7110 010 38 nils. ooo :I4,II88,II81 H0.738.07U 315.8(17.877 ..!. I 180.414,288 .-3(1.0 117.811,770 ..(128 8(l7t3.0(IS .-28.2 TT.TIIU.8T1 -.31.8 51.1T0.741 .-410 4(l,ln0,8Tl .-S3.T :14.411()()0 -.11.0 20.32(1204 --18.1 22.530,220 80.5 Total of all cities (or' - nve days,. $4.578.001, 015 $3,514,733,000 29,2 All cities, one day ....... 1,000,417.247 1.382.200,72827.0 I Total of all cttlea for week ,.,,.. $3,570.101002 $4,027,014,718 182 , 'Partly estimated. :ji i ..' : : - ,. Colonial Trust torOccuuy New Home t'.SThe. Colojilal'Truet Company will occupy ';iU.,w--lMHirv"t -Thirteenth, and 'Market . !, EVENING LEDQER-PHIIIADELPHIA; SATURDAY, SEPTEMBER 1, 1917 t. GOSSIP OF THE STREET SECOND LIBERTY LOAN ISSUE MAY COMPETE WITH TAX-FREE- BONDS If Set at 4 Per Cent Subject to Supertax Buyers May Prefer State or Municipal Securities. Gossip of the Street gPEAKIN'G of the proposal of tho Secretary of the Treasury to float the second issue of Liberty Bonds nt 4 per cent, subject to tho lncomo tax supertax, L. I,. Mnnn, of Wheeler, Elliott & Mann, of the North American Building, Bald yesterday: "I bellevo very few Investors liavo taken into consideration tho fact that should It be fully decided to Issue tho next Liberty Bonds on this basis, they will imme diately enter Into competition with State and municipal bonds yielding 4 per cent and upwards. "The Supreme Court of the United States," lie said, "lias decided that for tho Kcdeial Government to tax Stnto or municipal tax-free bonds is unconstitutional. That being the case, It would bo much better for those persons whoso lncomo Is subject to the supertax to buy 4 per cent tax-fiee State or municipal bonds. Of course, to those who nie not subject to the supeitaN It would not mako any dlf fcienco whether they Invested in 4 per cent Liberty Bonds or 4 per. cent State or municipals as far as their lncomo is concerned. "I can Imagine." ho remarked, "very wealthy men, who have more wealth than patriotism, pas-sin?; up the next Issue of Liberty Bonds If they arc Issued in that way, and putting: their money into Stato and municipal 4s. "And we have Just such men In tho United States," ho continued. "They might also picfer to buy tho first issue 3V4s in pieferenco to the proposed taxable 4s, because the 3s do not have to bo declared and tho 4s, if Issued subject to supertax, will require declaration." Buying, on Falling Bond Market The public rarely ever buys bonds on a falllnp; bond market, but if it would heed good advice today it would buy some of the good long-term bonds, 4s or 4iJs, that nro being offered by icputablo houses. They could not possibly make any mistake. This advice was given by the principal partner of n largo Investment house to a customer who had called for ndvlco as to the Investment of somo funds he had ljlng In tho bank. Tho customer hesitated, and then asked: "Do you not think that these bonds ou liavo been iccommendlng will go lower a little later on, and I can buy to better advantage then by waiting a while?" "I nm not saving that they won't go lower," was tho reply. "Neither am I (.a)ing that they will. I simply don't know, but one thing I nm almost certain of, they c.in't go much lower, and If a whisper of a possible peace comes they are Hound to go higher nt once. V,v bujlng them nt ptcsent figures, ntid holding on to them even if they should happen to go a point or a point and a half lower, ,ou aro In n better position when tho Use comes, as It surely will, than If you wait and buy on n Using maiket." To all outwaid appearances tho customer was Impressed, but said he would think it o er. "You see .how It Is," said the banker. "If these bonds were going up he would not hesitate to buy them." Convincing a Feminine Buyer "When T was selling Llbeity Bonds," lemaiked a well-known financier who was veiy active In the campnlgn to tho neglect of tits own business, "I cncounteied a woman who had $5000 l.ving in the bank. I urged her to invest It nil In Liberty Bonds, but she insisted that with tho war in such an unsettled state she didn't caro to take good money, that she Know where it was, and invest in Liberty Bonds that might turn out badly If the war went the other way. After assuring her that the war could only go one way, It took some tlmo convince her that If such an impossibility should happen that it might go the other way, her money would be of no more value than her bonds, as both wcro an obligation of the United States Government, l-'lnally she was convinced and put the whole $5000 In Liberty Bonds." Bond Mart Slumps Again The manager of one of tho largest bond and investment houses In the city said yesterday morning: "We thought on Thuisday last that everything was coming our way and that the bond inaiket was opening up ahead of tho usual time, but It looks this morning ns If the hands of the clock have been moved back. On Thursday morning we were busy taking and executing oidcrs for long-teim bonds; this morning we nie as dull as we have been for eight or ten days past. "You can never sell bonds," ho said, "on a rapidly falling stock market such as wo have this morning, because tho public gets scared and thinks tho bonds will follow the stock, which Is absurd in such a purely professional market as we have at pic&cnt. "This bear laid on stocks is senseless," ho declared. "Take Baldwin Locomotive as an example. Even If the excess profits tax would cut its earnings dovyi to 10 per cent, which is most absurd, it would be dirt cheap at the highest It has been selling at recently. "But people are peculiar In the matter of buying securities. Wc have cus tomeis' who, If they knew that Baldwins, for instance, would pay n dividend ot 100 per cent tomorrow, would not buy it nt G61!; today if they believed they could buy It at 50 tomoirow morning." Favors Long-Term Bonds at Present Rates The lepresentatlvo of a big out-of-town banking and investment house re. marked yesterday that Pennsjlvanla general 4s were selling around 92. "If," he said, "an investor were to purchaso a block of these at the present figures, and they should sell around 102 In 1919, about the time most of these very attractive short-term C and 7 per cent notes will be maturing, ho would have a return equal to about 9i per cent, which Is very much better than the 7 or even 8 per cent he would liavo had on tho notes. "And It Is not unreasonable to expect Pennsylvania general 4s to go to 102 or more, as they have sold not so very long ago ot 104." War Taxes Only Temporary "I wonder how many Investors nro taking Into consideration- the fact that the present and proposed war taxes are only temporary? They nro buying as though they were going to be permanent," remarked a well-known banker to one of his customers. "I remember," he went on, "the taxes Imposed for the Spanish-Ameilcan War, and when they came off in 1901 and 1902 what a splendid market wo had. The same thing is suto to happen when the present taxes disappear, and I trust the years will not be many until they do." Anglo-French Notes' High Yield Has any one noticed that tho Anglo-French notes, maturing in J320, at present pi Ices yield about 7V4 per cent? Tho British empire and tho French Republic are the security back of these notes. The "Steel Prophet" Talks Again "They haven't done It et," bald tho "Steel" prophet whoso piedlctlon appeared at tho head of yestetday's column. "They will keep on pounding 'Steel' on Tuesday and Wednesday of next week until they shake out ell the llttlo fellows "that are holding on by their ears. They don't want the public to buy in the present market and they want to shake out all they can. After Wednesday will be the tlmo to come in." Why Doors Are Closed! "Why do so many of the big financial houses, especially in tho downtown sec tion, keep their doors closed all day," said a Now York broker on a visit hero yes terday to the manager of one of the houses at fault. "To keep out the hot air," came tho ready reply; "but," as he saw a look of sar casm pass ovei tho other's face, "I don't mean the 'hot air' you think I mean. "You see how cool It Is In here," ho remarked; "if I wero to open that front door for one hour tho temperatuio of the office would go-up fifteen degrees." "That puta me in mind," said the New York broker, "of a visit I paid to Philadel phia many years ago with a prominent New York man. Wo went to tho old Belle vue. a brick building, and when we went to register we could find no ono to wait on us, so we had to go outside and ring the front-door bell to let them know we were theio It was 12 o'clock noon, too." "Well," said the other, "Philadelphia has changed some since then." "Has it?" said the New York broker, "in what way?" Must We Study Foreign Exchange? "I have often wondered," said an out-of-town banker yesterday, "why it is that more of our financial men in tho United States don't mako, a-study of foreign ex change. It Is difficult to meet any who thoroughly understands It, and, as a rule, one finds that the heads of the few foreign exchange departments connected with three or four banks in this city, aro foreigners. 1 may be obtuse," ho observed, ' but when I ask questions from them in regard to the workings of foreign exchange the answers I get are as clear as mud, and I stand where I left off. "I am certain," he said, "that If any ono of ordinary Intelligence would give the subject a little study ho could at least master the basic principles of It, and that done the rest should be easy. "There must be money In it," ho observed, "because I met In Paris some seven or eight years ago a man who had become a multimillionaire through operating South American exchange. 'He had given the subject thorough study and knew It in every phase. He lived in a palace he had built for himself on the Avenue D'lena and entertained magnificently. "I was at a reception and ball given by him and over 400 sat down to a, late supper in his house, so you can see It yas some house. "What made mo speak of this foreign exchange," he said, "Is that wo must face it after the war, and I have an Idea that the Russian ruble, at Its, present low? price, would be tho proper thing to begin with. "Fettiaps It Is not generally known In tho United States' he remarked, "but in .i-i w. n.n MnniWu thr 1 an lmnresslon thit the wealth in concealed na. I jnoii..ai,vvi'v,A"r.v;r,i.i;ir;T.'-. -.------ r , i wr , ----- - - iv-i I uitiloa at the RutwtatviXJmW ehurch U fabuloiw." - -., v., in k'idd'&Ais!iJJli& PHILADELPHIA ' MARKETS GRAIN AND FLOUR qnAINV-The Commercial Kxchanne was closed nim in was virtually no wholesale tradlnc. i',?-7, r'l data on which to base quotations our usual report of the umln mirketa Is omitted. .. I''0'1" Tho market for spot flour was Arm ""Vrj.""ltl. Tho quotations were, per ion j.......,. , nnm irouon or jut bscks anoui ?-Bc'"'! . Winter stralnht. new. JlOOlOBn: Kansas, clear, new, JllfMl.no; do, straight, new, Jll.235fil.7R) do. pitent. new. I11.50W 01! do. brands. rancy pa- 2: serine (W clenr. old Jlt.H0l tfic.n,T,VA"i'-50(al:,.23i do, favorlt ;". ia iu." iiiiiib, timio riiiv mi"-; - i,..l.t . -.. '''" do. regular grades, winter ,rW,l, .VJJ?.1" -""i !tnt, tli.SItM0.7.l , .""J-frl.Oim was in small supply and (irmly ?'? "? luo, " 2fiffl0 mill shipment! I10O 10,50 spot, occordlnR to quality. PROVISIONS ,.?.h'rV"" 1"" trading, hut prices were flrmlv; nei.i. Quotations- city li'ef. In sets, smoVed and alr-drlid. 31c, western licel. In sets, smoked 34cs rltv beef, knuckles anil tenders, jmoked and nlr dried, .Tic' western lieef. knuek je and tenders, smoked .1c! beef hams, J3O0 i ! ,10I'A.'irll,r. S17.nna48s hams. B. r. cured, loose SlVofisiio- do sMnned, loose, 252.mri oo. do. smoked 2(11(2ilic. other hams smoked, city cured ns to brand and sverane, JrtK.WSTci do, smoked western cured, 214 (ir27r; do, boiled, boneless -Mr, menlo shoulders S. I cured. Inow. 2!ei do, smoked 2; bellies In pickle, according to avrnge, loow .inc, breakfast bacon, as to brinrl nnd averare, city cured H8e, break fast bacon vestern cured 88ci lard, western, renned, tlrrces 2Vp, da do do tubs, 8T4 c lard, pure cltv kettle rendered. In tierces, 2i'c. do, do do in tubs, Sli'ic REFINED SUGARS The market was quiet on a basis of 8 31 IT 8 10c fur extr.i line granulated. DAIRY PRODUCTS llUTTKIt orfcrlnus were light and the mar ket ruled firm but wholnale trade ns usual on tho Hit tMv 0r the week was quiet. Quotations- Western solid packed creamery, fancy specliln. 4",l)i extra 4Vi iti me etr v Ilists. 41c, firsts l.'p second, llr , nearliv prints fancy, 4sc, aver me utra 4(if47c, firsts 41W 4"e necondi UWIlc, special brands of prints Jobblnu nt llfKilo KtKlS fine new -laid cegs rulel firm with demand equal to the limited offcrlnge. Tho quotations follow Kree cases nearby firsts, $12 fin per standard cas, current receipts 1J 30 per case, seconds $11 115 Ul 2.1 per cise, wesiern extri firsts J1-' dl per case, firsts IIJ.W per case, seconds Jin.'diSll 21 Pcr case, fancy selected tecs wero "obblnff at .iOW-iIc per doren ('Hill's': wis In small suppl and steady but quiet Quotations. New lork full cream, famv, lune 2V specials blither, fresh-nvule, best, Sl'.nanii-, ihotce. 23'i8t21c, fair to Rood, 2 J" j 023c POULTRY MVi: The market ruled firm Willi demand equil to tro limited offerings Quotations Jowls ns to quilltv, 24H20C roosters 18if ltip, spring chickens not Leghorns, plutnp, vellow -skinned welghlmt Pa OJ lbs apleie. 28M30C do do smiller sl7es 21M27c- White t.'Khorns .'li!2Sc. ducks, l-ckln SOW.'lr do Indian itunner lSiijr.ic ill sprlns, 2n21c, Plreone. old per P ilr, J"SJ2Cc. do, ounir, per pjlr, 2(l1i2Jr I)Ili:ssi:i) ronls were scarce and firm nt this late advance Other kinds of poullrs showed llttlo chnnge. Quotations follow row la, - . V ..IJ,X ""Ilk-fed drj-plcked. fancj se-'n.fi',"'- r,c-. elghlng 44 lbs and over apiece. HJ 'ic:do. 4 lbs. apiece. 27c. do .14 lbs nplei-, .(lc. do, .1 lbs apiece, 2l5f.'ic, fowls, Iced In bbls .fancy, drj -picked weighing 44 lbs and over aplei-e. 27c. do 4 Ihs npl-ce. 2(12ll4c, sm-vller al7c, 20(5'21c, old roosters, drv-plcked. 20c: broiling chickens welghlne 14 2 lbs. SKSo'o-J,rwv- '""J"- 30 sic. Mrclnla. fancv, r5J28e other nearbi 2"(!T2nc western. J4Sf r'itc. ttirkejs fre.h killed lied, per ll , western, best here 23ff24c. common. 2022c, ducks sprlmr 2I .'.V squibs per do7en while, welshing 11 to 12 lbs per dozen JV-'lfrl; do. do, 0 to 10 lbs. per rto7en 3 fiOJM 10, do, do, K lbs per doren 71!f .1 10. do do 7 lbs per dozen. .".212 fin do, do (1 to 04 lbs per .1oz;n Jl.'y'-- darl. " 5083. small and No. 2. OOcil 11 33 FRESH FRUITS Demand was only moderate, but vnlues gen erally ruled steady on choice, stock. Quota tions' Apples, Virginia, per bnrrel Graven ,in.J2.ViSj Summer mmbo. JJ 00.l. Illush. tJ lOtfffi. Wealth. J.'4 Apples, nearlu, per ;nJK!"' 50c II -ID. do. do. per ', -bush baskot. 2cW$l, l.rmons per box J.r25 Oranges, (a fornln. per box $. 10O4 7K. Grapefruit, ullfornla per box. SJ in Plneoppl.s l'.irto Hied, per crate, I.' 5(1 if 4 Grapes, Delaware, per s-basket carrier .miifnnc, do do, per 1 lb, biskot ltf lie do California, Tokiv, per 4-bas-ket crate. Jl 30W1 71 do, do Maligas m r 4 lasket crate. 11 21SU .".n I'lums, California. Grand Duke per crate, II 21 1 70 Cintaloupes ( allfornln Turlock per standard crate JJ 7.1 ((13: do, do, do per ponv crate, Il.u02: do, do do, per flat crate II 2.1 1 BO. reaches, Delaware Maryland Virginia and West Vir ginia, per crate. .'.Ocfitt; do. Delinare nnd .Mirvland, Iielle and Klberta per in-qt. basket, '..li.lc. do, Vlralnli ami West Mrglnli, per bushel boBket f.n7-ic do Callfornli, lllherta, per box, fi(K(f7V, Pears. Delaware and Man land. pr hamper llirttett. II 1HH2 25. Peckel. IIZV1"?'' Vrnr' '"allfornla. lnnlett per bin J3S4 Watermelons, per car. lOOW.'OO VEGETABLES The general market was quiet and without Important change Quotations- White potatoes Kastern hhore. No. 1, per bnrrel, 12 1013 25, do, do No S per barrel, II B0W2, do. luliware and Marvland. No t, per barrel, fa! 10, do, Jernev, No 1, per "s-buih basket. 7fSr,c, do, do No 2. pee S -bush basket, 40M)i , do per bushel linufcl.W. Sweet potatoes, North Caro lina, No. 1, per barrel. J150W4: do, do, No 2 per barrel It 21W1.71, do, Kastern Shore, No i. Wr.l'1: f4 "-"' '!" J?' No -i rer barrel, II ,5 J 21. do Jersev, No 1. per fi-bush. bas. ket. It 2.fl 00. do. do. No. 2, per S-busli bus ket, r,0U8i)c Ccler. New York per bunch, llfa.inc. Lettuce, New York, per box .Inefffti Onions, Jersev, per H-hush, basket. 7.1cfffl,ir do Kastern Shore, per hamper, 40, tfcjt, ,) Orange Co, N Y., per hamper 11 to. do per 100 lb. bag, 1.5 2302.70 ' ' GOVERNMENT'S LOCAL MARKET REPORTS Thin dally icport is sent out 6j the Bureau or Markets of the United Slates De partment of Agriculture, Philadelphia branch, with licadquartcrs at 300-315 In surance Exchange Building. bell Telt. phine, Lombard 77. Wholesale Prices on Largo Lots to Jobbers FHUITS APPLE1? bbls. no arrlwlsj nearby, S-bush. hnskfH, hand-picked, 00cl, few, 1 25, culls, 20 40c llANANAS.per hunch (10-1C dos.), 11.2001.7.1 CANTALOUITS, California, no arrivals, nearby. S-bush. basket (1518 melons). C0cii)ll: culls 40010c OIIAPKS. per D-lb. basket, nearbi. Dela wares. 101 13c. do. per 8-basket crate, TSJfooc PEACHES. New Jersey, per (1 basket crate, nelles and Champions, 75cll 25; few, II GO 1.7o: per S-bushel basket (0 ' pecks), 15(l",c: Delawares por 10 qt, hnsket (7 '4 pecks), El. bertas nnd llelles. lSiStWo, PEARS, nearbv, per , .bush, basket (8 0 'i pecks) conking, 21HJ31C v WATBIIMKLOVS ner car, no sales: nearby per 100 melons, $10021 ' """'-' SOLD AT Al'CTIOS YESTERDVY onAI'ES. California, per 4-basket crate (24 lbs) Malagas II 10WJ 10, Tokajs $1.400105 I-RA118, California, per box (123-170 pears). Dartletts IJ.inW.181 " ' PLUMB. California, per 20 lb. crate, Orand Dukes 1 Oliifl.flO OKANOES C.illfornla, per box. large size (10. 12 dnzl. IJ 101 7.1. rn-dlum lze (14-18 doz ). 1705(3 71- small size (.'0 20 doz) 2.30fei m LEMONS. California, per box (23 doz). I'OS. 30 doz, l-'SS. ' VEGETAI1LES BEANS, nearby per H-bush basket (O.ln 1, pecks), green, 50W75c: Max, 30c, llmas, T5cSi $1 21 BEETS neafby per hunch. 2S3c CAUUAGE nearb, per S-buili. basket (12-13 heads) 2ni33r. OAItnOTS, nearby, per bunch, l2c CEI.rnY, per bunch (12 stalks). 045c COnN. nearby, per i-bush. basket (34 044 do7 ) ROWT'.e: per ion ears, lifi,30 CUCUMIlEns nearbj. per H-bush, basket (30-T1 cues) 2.180c EOOPLANTH, ntarby, per 'i-bush, basket (15. 18 plants). 134f21c. LETTUCE, New York, per box (2 doz.). $1 50 1 71. ONIONS, nearby, per S-bush basket (30 33 lbs ) 1. per hamper (10 lbs,), white and yellow. Ilifjl 00: Illinois, per 100-lb. sacks, jellow, $2.25 02 7.1 PEPPFn nearby, per 'i-bush. basket (840 doz ) 20 inc. POTATOES. Eastern Shore Virginia jer bbl. (33-40 '. pecks), first. $33 83; few, 13 50: see. onds, J2.1n: nearby, per 'hush, basket (31 lbs, 8-0 ' pecka). firsts, 7585c; seconds, 40 35c. SWEET TOTATOES. per bbl (13-4n i pecks), firsts $3 2584: seconds. l.n01.73; nearbv, per H-bush basket (8-0 quarters), tints, II 1.40: seconds and culls. 4oafilc. SQUASH, nearhv. per H-bush. baslret (20-23 quash) white, 1325o. TOMATOES, nj-arby, .per S.hush basket (7 10 quarters). 4073c; culls. 20635c. LIVE STOCK QUOTATIONS CHICAGO. Sept. l.HOOS Receipts. 8500 head- left over. 2700 head: estimated Monday, 18 000 head Slow and steady to 100 higher than jesterday's average. Top. 118 8! bulk. $17 70018 75i light. 117018.73; mixed. tiA.ftlft is 8V. heavy. 110 S'1I Ms rough, .Jlfl.si 1T.15 yorkers. I18,1018.40, plgi, 12,28 10 oil- gSod to choice. 17,8018 SO. CATTLE Receipts, anno head. Weak. SHEEP Receipts, 4000 head, Steady. . KANSAS CITY. Sept. 1. CATTLE Receipts, 800 head. Nominal IIOOS Receipts. 200 head. Steady. SHEEP Receipts. 200 head. Nominal, SOUTH OMAHA. Wt. l.HOOS Receipts, 86c3vTTI!E-R.?.iypt.. 000 head. Steady. SHEEP Receipts, 800 head. Steady, CHICAGO BUTTER AND EGGS ICAOO. ,S.PU J.-BU.TTK-H.lpt,, JtWMFW.4il fcsfc -i )" IL-Vf l "T ftv''t-'i . n'ri Tiivr c CHEVALIER BALDI AND HIS SOLDIER SONS SKv) l' V 1 iBflHBKBKSsV 'C1 I " I !9rHB''AralraraiK&'H Jt" 'f! 1 I tan. , T--xt9 JatH(HCiiKrblHHHiiB&.vBlB IflHk Chevalier C. C. A. linldl (seated) nnd his three sons, nil of whom aro in the military service of the United States. As they appear above they aic: Lieutenant J. F. M. Haldl, Second United Stntcs Infnntry, now nt Camp Mcado, Mil.; Virgil Caldi, Naval Reserves, nnd Dr. Frederick S. Baldi, lieutenant in the aviation corps, stationed at League Island. CORN AND OATS DROP IN CHICAGO MARKET Commission Men Are Sellers and a Few Shorts and Others Take Offerings CHICAOO, Sept. 1. December corn ranged ftom $1 124 to fl 15'i nnd May from JIOiVj to $1 0SV The market vvai slow and ratlir easier Short Interest was very laiKely cllinlnated estcrdal Pome (.onimlsslon houses were sellers nt the i-t.iit u few chorti and othcn taking tho offering. Septembfr o.its ranp;ed from CCaJc to 5Co, M.iv f.D'jC to B9ic and December "li5c to GStnc The market vvns somewhat ea&ler on scattered commission buying, lo cals taking offerings on tho dips There was a rather moderate trado In comparison with recent volume. Provisions wero ttrong and higher, offer ings light nnd product hard to buj. Cen tral trade was not largo. Leading futures ranged na follows: Corn" (new delivery) Yes'day's vpi-n limn. i.ow l lose close 1 124 1 124 1 ll'l 1 114 1 1.", 1 Oil's 1 01)4 107'il.U7s4 1 OS's Dec Mav Oats Sept Dec Mis I-rrd 'opt Oct. Jan Ribs Sept. Oct Jun I'ork Seit. . Oct Jan Uld. .'US 5(i4 804 2i ai 21 on JJ 40 21 7.1 Jl so 21 30 no's r.u4 oo'a 21 71 21 70 2J.47 2.1 80 21 RJ 21 30 514 Srt'i r.-.: .10 oys 21 no 21 7J 21 17 2J (10 21 07 21 17 2J 40 JJ 42 tJJ 37 2i 7i :i : 21 75 Ui ; 21 25 ui : 121 71 21 72 t21 27 43 40 tAsked 40 40 ,1 11 43 33 113 10 41 4.1 11 30 RAILROAD EARNINGS PENNSYLVANIA SYSTEM Lines East 1017 Increase Tulv nper. rev .130 117,011 $4,120 DJ7 Railway opcr income 7,780 014 11)0 521 Seven montl-V nper rev 111,517,411 18 781)111 Railway oner income 35,003 134 '.1 23J 101 Lines Will, llllv oper. rev . $14 lin 7fl4 II 570 .177 Railway nper Income . 3 nii),7ilj 181 777 Seven months' opcr rev no 040 nis 7 07(1 1H1 Railway oper. income 15,147, USD 3,100 070 Linen East and West July oper. rev .. . .144,121410 $3 007,101 Tuly oper Income ,, 11,440 100 21J.740 Seven months' opei rev 270 107, in J 211,701 530 beven months' Income. 31010 215 10,418, 7SJ PENNSYLVANIA RA1LROV.D luly Rwy oner, rev ...122.748 781 $3 108 051 lul Rwy oper. income 5 1J1.1J0 210 012 Seven mos ' Rv op rev 14.1 .12n 214 14 1110 21t Seven mos ' Rv op. Inc. 20.7117,1,90 '4,534,303 PENNSYLVANIA COMPANY lulv Ry oper. rev .. I7.1SS 121 $128 048 luly Ry oper income I 701 (1J 181 iss Seven mos Ry op rev 41 nsj.ftm 1,2ns 271 Seven mos Ry op. Inc. . 0, Oil, 173 5,7el),70J Decrease. MOOSE TO CELEBRATE Sea Isle City Lodge to Obesrve Patri otic Day SKA ISLC CITY. .V J. Sept 1 The Moose lodge will celebrate Mooso "Patriotic Day" today with a Hag raising, followed by a parade nnd an athletic meet, which will Include nulo races At least 2000 members of the Philadelphia lodge nro expected to participate. Tho day's festivities will bo concluded with a dancing and amusement party. Mayor nichard W. Cronccker Is genoral chairman of the committees Camden Fugitives Caught I.ouls Green, twenty-eight years old of 422 Webster avenue, Camden, nnd William Mlnuth, twenty-two jears old, of 167 Terry avenue, Camden, alleged to have stolen cop per wire valued nt $700 from the old Wash ington Tark, below Gloucester, today were caught utter a lively chase In which Police man Clements fired several futile shots. w AVt -Sii . Licensed at Elkton to Wed KLKTOX, Md. Sept. 1. The following marriage licenses wero Issued here toda: Thomas W. Krlps and Kato M Dot den Charles Gillespie and Minnie Schneider, Harry Wurst nnd Elva Margaium, Fred Humphrey and Anna Daley, all of I'hlladel phla; Elmer riuck and Arva Scheetz, Kirl lngton, Pa. ; Thomas Mat-go nnd Do Marls Gillespie, Audubon, N. J ; Gtorge Helstand and Helen HIstlne, Camden; Albert Strau nghan and Nellie Stephens, Havre de Gtnce, Md.: Willis Hwing and Ilella P.vle, Chester; Wnlter A. Clarkle ana Ituth Smith, Camden , George F Lebo and Vcrna Gilmer, Heading: Hobert H. Iiauder and Margaret Druckinmlller, Altoona ; Andrew J. Carey and Roslna WIngate, Wilmington. Del. ; Kul lus Howmati and Katharine England, Wil mington, Del ; Frank 1! Hutchinson and Iicne M Deane, Trenton; William Mount rcy and Mary Marlow. Camden; William Tcvvler and Agnes T Illne, Gloucester, N J and Milton G. Everhart nnd Margaret Diown, Glbrale, Pa. TODAY'S MARRIAGE LICENSES John If. Swan. Indianapolis. Ind , and Patricia J, O llrten Indianapolis . . Francis C Duttln. Uruokljn, N, Y, and Luctla Henon. RrooUIyn. ...... .. ,. Llus A. Rodrlgues 3323 N 21st st , and Emma l'rentzel, 31JJ N 21st st Clinton C. Caldwell, New Castle, Va , and Helen II. Hubbert, I'hlladelphla Frank Mlncheck. 2 11 J Wollacs at,, and Anna Marczuk. 2341 Wallace st. Harry A. Schneider. Jr.. 21)77 Frankford ave., and 1 ulborg Palludan 2110 Kensington ave. Charles A. Baddel, 1.103 E Montgomery ave., and Caroline Dempsev, 2539 E Dauphin at rrancls Walsh, 203J E Somerset St., and Mar garet Mcradden. 2071 Tllton st Albert bchell. 243 11. Thompson at., and Su sanna A, Fag, -Ma E 'Ihompson st. John 1-". Dunn, 6310 Regent '.., and Katheryn Smnll, 244J Kimball st Michael Owens, Chester, and Annie Harkln, Ardmore. William A. Faust. 223 N Gross St.. and Mar garet Jones, 2(110 H. Philip st, Walter 11 Shrlver, 700 N. 41st at., and Mar garet Kanlpf. 6101 Ram st. Francesco Oarzarella, R13n Haverfnrd ave., and Angela Dl Cecco. 5150 Haverford ave. Walter R. Perkins. Christiana, Pa , and Susls Nugent, .1384 Poplar st. Trank E. lleecher. 1.110 N. 60th St., and'Rose Mae Frailer. 848 Cross at. Lee Hrown, Washington, and Charlotte Wight man, Washington, Jostph R. Lannon, 1011 Spruce St., and Re becca Miller, 301 8. Rroad at. Jerome Mitchell, 8:7 Tasker St., and Mlchallna llredalte, -237 H. Jd et. Raymond N. Cornman, 412 Naomi at,, and Elsie K. Ajera. 401 Monastery ave, ' Perce IL Robinson, Pennsgrove, N. J and Frances Harris, Pennsgrove. Boleslau Mllewskl, 163 Carson at., and" Fran, cl.ika Cyllc. 4012 Main at. r n Secondo Pace, 1120 Ellsworth at,, and Paola Verdi, 011 Annin at. ' Walter L. Smith. 223S Ann at., and Emma lluihmaUer, 2833 ffullp t, njm Othf Marriag Liciuw tm Page 11 Pope Will Launch New Peace Feelers Cnnlliileil from Pair One thorn to come under the general peace ne gotiations hearing on the Balkans. Hut whllo the next steps of the Pope, nre still hi 71", diplomats here now feel positive he will move again toward peace, cirrylng his work forward from tho points upon vhlch ho ami President Wilson olreidy agree That tho Tops has hotb. the mixlmum and minimum peace terms of Germany and Austria Is reported In cables. Some rllpto mits went so far as to believe the Pope's next move -vould he based on a new set of peace trims, reported sent lo tho Vatican by tho Central Powers In these terms Allied diplomats here thought there was re vealed Gormanj's hope of either dividing her enemies by ochlnvlng a sepirate, peace with Russia or succeeding In enticing the Allies Into a peiee, conference before the end of tho j ear. OCIIMANY'S PROBABLE PLAT In this connection, so far os her eastern "onquosts oro concerned, It is nald Ger many will endeavor to retain them and use them os dice In tho diplomatic gauio with purpose of obtaining compensation In the East for her Afrlcin colonies If Britain should refuso to return them Her play upon her eastern conquest. It Is said, vvlll be her chief means of seeking to alienate Russia from the Allies by creating tho Im pression that the Allies are ready to sac rlflco Russia to strengthen their own posi tion. Tho department has had no word Indi cating that tho Pope Intends ley make any new proposals to the Allies or to exert his Inlluenco to turn Germnny away from autocracy. President Wilson's reply to tho Pope's proposal Is now In the hands ot the German Government. An official copy of tho mo mentous document was sent directly to tho Spanish Ambassador In Berlin, who now represents American Interests In Germany, by Ambassador Page from London. So far, however. State Department officials, who made this Information public, have no word regarding the manner in which the frank sentiments ot tho President were received by tho German Government. BALTIMORE, Sept 1. When asked for a statement regarding the report that ho was acting as Intermediary between Pope Benedict XV ond President Wilson In fur ther peace proposals, Cardinal Gibbons to day refused to confirm or deny the report. All that could be gotten from tho Cardinal was. "1 have nothing whatever to say." POPE STILL HOPEFUL OF WORLD'S PEACE ON PRESIDENT'S TERMS By JOHN H. HEARLEY l nlted I'resi Staff Correspondent ROME, Sept I. Pope Benedict Is still hopeful that peace nmv come, perhaps soon, on President Wil son's own terms democratization of Ger many. An exclusive epitome ot the Vatican's view on the President's note as given the United Press today contained this signifi cant expression of optimism. Tho initial disappointment at the Ameri can reply has been dissipated In part, the United Press was Informed, by careful weighing of tho President's words. "Tho Pope now sees the note ns holding promise and not ns n cold absolute rejec tion, either diplomatically or psyrholoKl call.r. He Is hopeful that President Mil son's attitude eventuull- perhaps soon will rnuse the creation of a German Chan cellery responsible lo the people," said one of the United Press Informants. It can be stated on tho highest authority that the Pope has been cnecred by some features of the President's note. The Holy Father believes that tho President's per sistent nnd Insistent distinction drawn be tween tho German pcoplo and the German Government and what certain Vatican offi cials call his "fixed genius of direction" Is changing tho whole philosophy of tho Allied war. A careful reading of the President's note, coupled with such expressions of America's alms as he made before Congress In Decem ber, convinces the Vatican that there Is a common ground of opinion between the Vatican and Washington. The "just Christian peace" which Pope Benedict proposed in his appeal was ro garded as entirely harmonious with the American President's policies Those poli cies, as tho Vatican saw them today were In the main; No punitive ilrfmaget. No dismemberment of empires. No exclusive economlo leagues. No Implied, direct or Indirect restrictions as (o the seas. As hearing with special significance on the Pope's reported view that democrati zation of Germany might et come nbout, officials today recalled the Information ot two dais ago that nounnly Emperor Carl of Austria, but Kaiser lhelm himself had written the Pope. Indicating a pledge to the widest democratization In Rome diplomatic circles the view Is expressed that the American note, by Its specific strictures against dismemberment of nations has destroyed tho probability of a declaration ot war against America by Austria-Hungary, or at least has post poned such a step for somo time, PLMC01 ONTRANSi ' C ll Mayor Seeks to Quell 0ppvl? sition by Abolishing Ex ' change Tickets ' , , ! 4 i WOULD INCREASE FARt! W, tW ' vJ j A plan to retain the provision Smlth-Mltten transit lease Increasli fares to six or even seven cents by abollntu Ing tho eight-cent exchange tickets InuM,' dlately Is being worked out hy the "DonVsVft i of tho proposed agreement J The Department of City Transit hat itffts gaged the firm of Ford, Bacon & Davis" tf," , analyze tho proposed pact between the cltyr", nnd the Phllarlelnhln. Rnnld Transit r.M.-i ' . pany and to report to Councils at thei, V hearing on the neW leasa on September 7. H' Tho plan to eliminate the eight-cent x"Ci change tickets is being advanced as a com. - , promise by the sponsors of the Smlth-Mltten 4j" lease. iiiey nave unuer consideration ln j",, immediate abolition of tho exchange ticket", i make Its annual payments to tho city, at h?, provided in tho 1907 contract, for a limited period of years, or at least until the Broarl street subway shall be in deration. Ford, Bacon & Dapls, It Is understood, will nlso report In favor of car riders being required to pay the fult cost of service, no matter what that cost may be. The firm Is tho engineering expert for numbers of street railway companies throughout tho country. It Is said, and oppose, therefore, fares that do knot carry the cost of servlc in full. 1ctts being financed by the use of collateral benefits as offsets. The report on tho lease vvlll deal with the situation wholly from this viewpoint, without consid eration of the method of financing proposed by former Director Taylor and Indorsed overwhelmingly nt tho polls. Ford, Bacon & Davis, It l3 said, favor financing the new sj stem exactly as If It wero a private undertaking Mr. Taylor's plan was for financing In nccord with modern practlc and modern theory. Ford, Bacon & Davis, It Is repoted, are entirely opposed to tho board of supervis ing engineers, ns provided for in the Smith Mitten lease. Tho plan will not, however, bo utterly condemned, but a compromise may bo suggested. The fight for the abolition of the eight cent exchange tickets today received the Indorsement of Rear Admiral Benjamin Tappan, Commandant at tho Philadelphia. Navy Yard. In a letter to Charles L. Fluck, president of the Northwest Business Men's Asscciation, who two weeks ago filed a petition with tho Public Service Com mission asking that the exchange tickets be abolished. Admiral Tappan said that it Is for tho Interests of tho employes at the navy yard to do away with the extra chargo for riding to nnd from their work. "A great many of the employes of this ard are obliged to ctTno a considerable distance to their work," said Admiral Tappan In his letter," and I am of the opinion that theyshould not be further handicapped by the additional expense. It Is for this reason that I am In thorough sympathy with the men here on the ques tion of fares." M 3 i I $11,538,945,460 BOND BILL PRESENTED TO HOUSE '.. j NEW CRISIS FACED BY FRENCH CABINET Resignation of Minister of Interior Likely to Provoke Bitter Debato PARIS. Sept. 1. Premier Rlbot has call, ed a meeting ot the Cabinet to consider tho resignation of Minister of the Interior Malvy. In his formal letter of resignation, which was submitted to Premier Rlbot today, M. Malvy says ho Is now "free to face those who slandered him on tho floor of the Chamber." Heated debates are expected when Malvy takes the floor to reply to his critics. ' , In political circles It is predicted M. Malvy's resignation will cause a Mw minis. I terlal crisis. , " . "7 r-L J.'.V t.'. j liriiv.' V: ..ru t. Chairman Kitchin Offers Report Explaining Details $19,005,- 583,107 in Appropriations WASHINGTON', Sept. 1, ...v. v . ..vuo.tf iu.?uv uunu ttiiu i;ci LlliUttte bill was presented to tho House this after noon by Chairman Kitchin, of the Wavs and Means Committee. Tho bill will be taken up for general debate when the House meets next Tuesday. Accompanjing the bill was a report by Mr. Kitchin meeting the criticism of Re publican members of tho committee. They had demanded some knowledge of what foreign credits have been extended thus far and how It was proposed to divide up tho expenditures contemplated from the dis posal of the bonds and certificates. The re port showed theso things clearly and In detail Appropriations made and contemplated, the report showed, ndd up to tho staggering total of $19,00C.583,107.11. However, of this amount $7,000,000,000 Is for credits to our Allies and $3S5, 000.000 must be deducted for postolflce receipts and the permanent annual sinking fund appropriation. The actual war expenditures of the country for the fiscal jear ending June 30, 1918, for these deductions, will amount to more than $11,620,000,000 The credits agreed upon for foreign gov ernments, the report states, aro divided as follows: To Great Britain, $1,005,000,000: to France, $530,000,000: to Russia. $275,000, 000, to Italy $200,000,000; to Belgium, $5, 400,000; to Serbia, $3,500,000. The loans already made to nations of the Entente total $1,730,500,000. The Kitchin report explains that If It becomes necessa.-y to Issue more bonds be fore tho end of tho war. and these bonds bear a greater rate of Interest than 4 per cent, the bonds provided for In the bill In troduccd today may bo exchanged for th later bonds bearing greater Interest. Credits to the Entente will continue to be made at the rate of halt a billion a month, the report stated. Four billion dol lars of tho sum to be realized from the sale of bonds nnd certificates provided In the bill vvlll be used for the extension of this credit. Jl J tfi ail FfJ LABOR TO SHOW PATRIOTISM Large Eastern Delegation to Attend Meeting in Minneapolis NEW YORK. Sept. 1. The American Alliance for Labor and Democracy, of which Samuel Gompers Is chairman, today announced that 100 of Its members would leave hero tomorrow to attend labor's loy alty conference In Minneapolis. The delegates are from Washington. Bal timore. Philadelphia nnd New Tors. Others w ill board the train nt Albany. Schenectady, Rochester, Cleveland and Chicago, The delegates vvlll sing "The Star Spangled Banner" In Grand Central station here be fore they leave. DR. HULSIZER'S JJNERAL Philadelphia Physician Drops Dead ia Garden at Delanco, N. J. Funeral services for Dr. Greene R. Hul- b V- slzer. of 1517 North Fifteenth street, who ?.', died yesterday at his summer home In .. vjl Delanco, N. J., will be held there next Tues, day at Z p. m. Interment wflll be In Bur. " Ungton Cemetery. , Doctor Hulslzer felt dead of heart dls- XV ease while worklnir In his sarden. Ho hail ' v lived In Delanco each summer for manjry1 j ears. He was about fifty-four years oli ' and a former police surgeon. A widow ur- . vlves him. ij ' " Armv lierrrnitlnir at Lowest Mrlr - ' .""" 7 7 :. v v I WASlll.NUTU.-v, aept j. a iow-watr mark in regular, army recruiting touched yesterday BIS. New York led sixty, Pennsylvania reported' flfty-nlnr Massachusetts forty. - Former Harvard Dean UlRasj WASIIISfflTfW. Rent 1 TLV"'. ment ot Edgar H. Wells, CUvest! i meriy aean ot- iiarara.vjesafj Red Crowjl.cetmaalsatotor' " aanou Mr;
Significant historical Pennsylvania newspapers