tfVMIttG LEDGER PHIliABBLPHIA MONDAY, SEPTEMBER 21, 10J4. Lo ffiANCIAL AND COMMERCIAL SITUATION AT HOME AND ABROAD-MARKET REPORTS BOND TRADING IS RESUMED HERE ON MORE ACTIVE BASIS Committees Supervising Sales Lift Bars and Decide to Permit Salesmen to Go After New Business. fto week since tlio outbreak of hoa tll'ltles In Europe has opened under moro favorable condition than the present tnt The thin of most Import locally the announcement touny 01 mu Unlisted Securities that WIS rmtnlttee on tradlnjr would be allowed by Phlladel- phli houses, under less rigid rules than kaV. been In effect heretofore. Brokers and Investment Banners nro now per mitted to send out salesmen and to so licit business by telephone, but tho transactions must be made with tho approval of the committee. Similar rulings with regard to bond trading by members of the Philadelphia Slock Ex- J t,,nge were announced today by the Special Commlttco or Five. me oniy difference Is that tho transaction must be handled through tho Stock Exchange committee Instead of tho Committee on Unlisted Securities. The official announcement of the com mittee reads: On and after Monday, September 21, UU, and until further notice, Philadel phia houses dealing In securities may Solicit business by salesmen, or by tele phone, under the following conditions: "All unlisted securities before being of fered must be submitted In writing, to the Committee on Unlisted Securities, who nIll place minimum prices at which sales will be approved. Dealers may offer only securities which they actually own. and then, only at prices not less than the minimum prices fixed by the committee. Each and every sale consummated, must be promptly reported to the Committee. "No circulars or lists of offerings shall te mailed by any dealers until further notice, except at the request of cus tomers. "All transactions must be made for cash, and no trado based on exchange of securities will be sanctioned. "We wish to emphasize the fact that offerings made must be of securities actually owned by the dealers making the offerings. "All buying or selling orders In securi ties not actually owned must be submit (ted to the committee. If the committee hare buying or selling orders In securi ties so submitted, they will try to com plete the transaction." Another favorable Indication of t)he 'better feeling apparent In financial circles was the announcement that the Baltimore Stock Exchange had today resumed trad ing, brokers being permitted to make sales at prices as or .iuiy a, wnen the stock exchange officially closed. A special Committee of Five will supervlso all transactions. It was announced also that the Stock Exchanges at Sydney and Adelaide, Australia, had reopened this morning. Baltimore brokers expressed general satisfaction after a tryout today of tho plan for limited trading In stocks nnd bonds. Orders to buy and sell, filed with the Committee of Five of the Stock Ex change, which Is required to pass on uch transactions, were about equal, and absence of large offerings strength ens the belief in some quarters that the exchange can go a step farther and permit unrestricted Bales of unlisted bonds, owned by dealers, without danger. neports from Ixmdon Indicate a bet ter general feeling, with a greater de sire on the part of Investors to get Into the market. Passing of dividends of some of the Important Industrial com panies has restricted somewhat tho general volume of trading; but tho gen eral effect has not been In any way depressing. Foreign exchange rates continue easier, und a return to near normal Is expected to follow the work ing out of plans for the organization ot the new JIOO.000,000 gold pool, to which the Federal Ttoscrve Board has given Its sanction. It Is announced that the Germnn war loan has been oversubscribed by nbout KWI.Oiyi. Because of the success of ll'ls loan nnal terms of payment have cfen postponed until December. Transactions In the trading group's in fetv York were small In volume through out the lay and the changes were mod erately regular. Brooklyn Rapid Tran sit was a most prominent feature, being in good demand for fairly large amounts l about the closing price on Juiv so. and there were Inquiries for Central leather ai slight recessions. The cop V?.l wel' comparatively In free supply ,"" 'hose Issues offered by some at "out the lowest prices so far reported. sales in Philadelphia today included: I-Hilsh Valley. C1U; .Northern Central, new stork, at S3. Sales of Anglo-American ,,.'" New vrk were made nt 13;. I ttlladelntllft Comnanv rntnmnn atneb- a offer oi at 1 today, unchanged from lie last sal There are orders both ways n united Gas Improvement at 60. FINANCIAL NOTES ifn !1, ';e'urna t the national banks of riiladelphla to the Comptroller of the currency as of September 12 show thev increased their noto circulation J3.720.SD3 eier June 30. Total cliculatlon outstand !,.Sn September 12 was J17.8tl.87f;. corn Pared with 112,120,738 on June 3D. This Is Ik ,? "ote emulation reported by J local banks since May H, 1908, when " IW.08S.619. It marks an ex Wnsiori of 18.018,193 from the low level JUne'"ni3l3rarS' ,1U23tSJ- rec"-ded on John N. Willys, president of the Over bad ? mRanY,' naa Jln'd " "buya boue'hf""0!1 movement. He has ""Overland dealers In tne South. ir each iwii1 buy Rn "Mltlonal bale for mn.,J?ver,7.na c.ar "Id during the two BESSEMER BONDHOLDERS URGED TO MAKE DEPOSITS Minority Committee Is Investigating Interest Default on Co.'s Securities. Holders of Birmingham, Enslcy anil Bessemer Railroad coupon first 6 per cent, bonds, Interest on which was defaulted on September 1, wero today requested by the Minority Bondholders' Commit tee to deposit their bonds with tho Amer ican Trust Company In Boston or with tho "West End Trust Company In this city,, which Is the ngent ot tho Amer ican Trust Company. Investors In this city hold approximate ly tfOO.OOU of the boTids, and holders of about $1,000,000 of them have agreed to deposit them with tho committee. The Minority Committee Is now conducting nn Investigation Into tho affairs ot the Birmingham, Ensley and Bessemer Rail road. Members ot the Minority Committee are: Chairman, S. H. Cunningham, Bos ton: Oscar It. Dare, Philadelphia; Boyd McDowell, Elmlra; J. N. H. Campbell, Hartford, and George T. Wood, Louisville. BANKS HERE WILL CONTRIBUTE TO GOLD POOL FOND Clearing House Meets to Consider How Sum Will Be Divided "We Are All Ready," Says Rue. Philadelphia will contribute $8,000,000 toward tho $100,000,000 fund which will be raised by bankers In the United States to relieve the foreign exchange situation. This becamo known after the meeting of the Clearing House Association this afternoon, called to consider tho amount that banks In this city would supply. Members of the association, after the meeting, would make no announcement of what took place, but it is understood that the nmount agreed on was $8,000,000. Levi L. Hue, chairman of tho Clearing House Committee and president of the Philadelphia National Bank, said that tho Institutions In this city would subscribe whatever amount Secretary of the Treas ury McAdoo shall decide. He said that information had not yet reached this cltyclty as, to tho exact amount Institu tions here will be asked to furnish. "Philadelphia stands ready to furnish her quota," said Mr. Rue. How the individual banks will contrib ute to the fund could not be learned, nor how tho amount will be divided among them. Formation of a syndicate will be the first actual business that will bo done. It Is believed und not more than two or three days will be needed for this, nt the most. In this syndicate there will be Included the city bnnks In the reserve cities of Now York, Chicago and St. Louis. Slnco many large cities are listed as country banks these may also bo asked to contribute. It Is understood that assessments will be made generally In proportion to the gold holdings of banks. On completion ot the syndicate, subscribers will be ask ed to forward 23 per cent, of their sub scriptions, $23,000,000, to Now York. An officer of tho Clearln gHouso Associa tion today expressed tho opinion that a large part. If not all of this $23,000,000. would be forwarded to the treasurer of tho Dominion of Canada, at Ottawa, soon after Its receipt. UTILITY DEFERS DIVIDEND ending November 17. onTsat,!rUi'trea3Uy l08t 30-oco banks n Buray and since Friday $H2,C00. foniran. ru ". " "'"I construction nnlfhVa West Penn Traction Directors Say Co. Must Conserve Its Cash Besourc.es West Penn Traction Company has de ferred payment ot Its preferred stock dividend. Tho last disbursement was 114 per cent., made on July 15, this year. In announcing this action Its Execu tive Committee Issued the following statement: "On account of the present business depression It appears that the cash re quirements of this company during the years 19H nnd 1915. may absorb the cash resources, because of Its obligations tt make large payments for constructions and additions to Its plant and property. The company has on deposit a laitre construction fund, but In the expenditure thereof It Is under contract to make n parallel expenditure out of Its earnings during those years." PUBLIC UTILITY EARNINGS int-t. Increase. EI.MIP.A WATER. LIOHT AND P.AlI.,nOAI- Fmir months' gross r'S-'."-.'1 $41,021 Ncl after taxes i:iS.45 17,101 ' trr.ui skcuuities conrortATio.v- Aufjuat gross ".Srt.5",5 S31.W11 Net earnlnes ,vl, ,'. 4.ms Twslve months' gro... 2,ivjii.s;n a.'ii.so.-, Xet earnlinH 1.120.170 100,01(1 AniUf'XnALMC BI.BCTRIC POWER COUP. increase in fire insurance premium collections Gain of $46 J 82 Noted in Receipts of All Companies in First Half of Year. Total Exceeded $3,000,-000. Cain of $46,182 Is recorded In the nmount of fire Insurance premiums collected hero during tho first six months of this year by all of tho companies doing business In Philadelphia. Total collections for tho period aggregated $3,091,681. as ngalnst $3,045,402 In the first half of 1913. Ot the total collections between Jan uary 1 and Juno 30 this year, Income of Philadelphia stock companies totaled $550,118: Philadelphia mutual companies, $10,4SI7; Pennsylvania State companies, $127,732; Now England companies, $452,213; Now York companlos, $702,824; New Jer sey companies, $135,699; Southern com panies, $64,062; Western companies, $130, 9S0, and foreign companies, $763,469. Liverpool and London and Globe Com pany, a foreign corporation, heads tho list of Individual companies, with Income receipts during the period of $117,690. Fire Association of Philadelphia Is second In tho list, with a recorded premium income of $113,606. Tho following tablo gives a record of the payments received by Philadelphia stock and mutual companies during tho porlod, compared with Income for tho first six months ot 1913: PHILADELPHIA STOCK COMPANIES. 1014. 1013. Alliance JS.WH $12,201 American 0,008 bounty VAWl 13,230 Fire Association ll.'l.CMI 107,872 Iranklln iM.SM 1,.'I58 Olrard 47,847 47,72.) Independence 1,535 1,038 Insuiun-ie Co. of North America 85,733 77,708 Iniurnnce Co. of State of Pennsylvania. ,18,227 .10,832 lajtnher.-nen's 17,080 IK, -Km Mechanics' 34,724 W,B35 1'cnnsylvnnla 05,050 77,81'S l'lilladelphla Underwriters" 20,487 18,455 Itoilance 12,2111 ll.Osl United Firemen's 34,050 35,235 1550,118 $527,000 PHILADELPHIA MUTUAL COMPANIES. Atlantic $108 $182 Exchange 115 frrankford fi,770 5,205 uraphlc Arts 1,201 1,324 Hide and Leather .'123 425 Independent :il Keystone- 1.1,502 12,072 Manton 12,000 11,577 Manufacturers and Me- elmncls' 200 Mutual Assurance 5,2lo .-,,007 Mutual (Jermantown 15,840 10,343 Mutual Fire, Marine and Inland 701 208 National 7,Wl 4,207 National Petroleum i:tl 420 Paint Trade 50B 1,000 Pennsylvania L u m ber- men's 2,077 2.8S3 Philadelphia Contrlbutlon- shlp 11,852 11,514 Philadelphia Man ufac- turers 17,082 23,1.17 Southern States 230 210 Standard R.rOn 0,788 Transportation 104 10(1 United States Merchants' ... 108 $100,407 $100,081 Insurance Company of tho State of Pennsylvania has been granted license to write marine business In New York State through J. S, Frcyllnghuysen. It Intends to write war risks for moderate amounts. John G. Simmons has been appointed suburban general ngont for the Insurance Company of tho State of Pennsylvania. Several life insurance medical directors of this city will attend the annual ses sions of the medical section, American Life convention, which will be held In Pallas, Tex., on October 7. ASKS RECEIVER FOR BIG POWER COMPANY Stockholder Charges Insolvency and Mismanagement of International Co, TRENTON, N. J., Sept. 21,-ltcniy W. Bull, of New Vork, a stockholder, today made application In the Court of Chancery for the Appointment of a receiver for tho International Power Company, alleging that the company Is Insolvent and charg ing mismanagement by officers. "Chancellor Walker mndo nn order for the company to show cause here on Oc tober 6 why a receiver should not be ap pointed. His Is a renewal of an appli cation made some time ago, but not pressed, SALES FORCE COMING HERE Cambria Steel Co. to Locate Depart ment in This City. The Cambria Steel Company's entire sales department Is to be located In Philadelphia after October 1st, with main offices In the Morris Building, Chest nut street west of Broad street. At present the alcs department of the steel plant Is located with the firm's main plant In Johnstown, Pa. In bringing the sates department to this city the Cambla Comparly counts on getting closer to the markets of Philadelphia, New York and the East. It wns rumored that the company con templated opening extensive branch of fices In the mora Important South Ameri can cities within tho next few months. While no one connected with the com pany In this city would talk of such a plan, no denial was mado when the ques tion was aBked one of tho department heads who was visiting In Philadelphia thUa morning. PUBLIC UTILITY NOTES The total of electric generating capacity and power purchased for uso at the an thracite mines Is 79,811 kilowatts, which Is approximately equal to 103,400 horse power. Tho horsepower produced by steam at tho mines Is given as 531,23!) In tho last annual report of the Bureau of 'Mines of Pennsylvania. The Cleveland Railway Company has becfl authorized by the Ohio Public Utilities Commission to Issuo and sell nt par pro rata to the compnny'H stock holders $1,068,600 common stock. The pro ceeds are to be used for extensions nnd Improvements and t orelmburso the treasury for capital expenditures already made. Tho Ohio Public Utilities Commission has authorized tho Mnssillon Gas and Electric Company to sell $118,000 first mortgage 5 per cent, bonds nt SO. Contracts with 673 customers for 603 kilowatts of lighting nnd 308 horse power in motors were closed In the week ending September 4 by the Minneapolis General Electric Company. To cstnbllsh Irrigation and power plants In Western States, tho National Hydro-Electric and Conservation Com pany has been Incorporated In Delawaro with a capital of $10,000,000. MAYOR BLANKENBURG RESTING Chief Executive Remains at Home Today Owing to Fatigue. Mayor Blankenburg did not go to his office at City Hall this morning owing to fatigue as the result of a long auto mobile ride yesterday. At the Blankenburs homo this morning It was said tho city's chief executive had decided to spend the day resting and that apart from being tired ho was feeling well. WHEAT NERVOUS AND CHOPPY UNDER SLOW PRESSURE on Early Prices Higher Strength of Spot at Liver pool, But Weakness Fol lows Selling by Specula' tors. CHICAGO, Sept 21.-The wheat market today was a nervous nnd choppy affair. There was fairly Important absorption on resting commission orders on declines nnd apparently plenty of selling pressure at an advance of ltt to li from Satur day's close. Tho entire rango covered wns 2V4 to 3-7i cents. Early prices wero higher, being affected by tho strength ot bpot wheat nt Liverpool and tho week's showing of world's exports, which Indi cated that America was supplying the great bulk ot the world's needs. Actual export clearances today were 087,000 bushel. Values weakened sharpty at one time on free selling principally by local speculators, who noted a diminution In tho public demand for wheat nnd saw weakness In the markets ot tho north west, reports of coming shutdowns of four of the live Minneapolis mills and a largo Increase In tho ivfslble hupply. Sales of the cash article were 530,000 bushel. Futures closed !i to ".i cent hlshor. Corn was Irregular and nervous, with prlccB about as much above ns below Saturday's close nt times. The demand was small, but there were export In quiries at all the markets that have corn available. The cash article ruled steady to firm here, and generally firmer elsewhere. Sales of cash corn wero 85,000 bushels. Futures closed U to cent higher. There was a large trado in oats and the market was nervous and irregular. A heavy export demand was in evidence, and the sales here were liberal. The country Is selling nothing to arrive. Sales of the cash article were 650,000 bushels, mostly for export. Futures closed Vs cent higher. Provisions were easier with the support poor. The selling was of the scattered commission sort. AFTER MONEY HOARDERS Treasury Department Begins Inquiry of Complaints Against Banks. Following tho announcement by Secre tary of the Treasury McAdoo that ho will withdraw emergency currency from banka which have been denying loans for legiti mate commercial purposes, It was an nounced today that Comptroller Williams Is Investigating complaints of this sort. The complalntfl Indicate that the banks demand abnormally high rates of Inter est. Tho Comptroller, It Is understood, is tolcgraphlng the banks to furnish him with n list of loans and tho rates charged In each Instance. ' Where It Is Indicated that a bank re fused a loan because of Insufficient funds tho Comptroller has dccldod to Investi gate the reason of this shortage, nnd will advise the bank to take out emer gency currency. Investigations conducted thus far show that banks are not at fault. CARRIAGE SALES BIG, DESPITE THE ADVENT OF AUTOS Leading futures ranged aa follows' Saturday's wncat upm. iiiBn. low. iiose. close. September .. I.1UJ December .. 1.14S l.ir. May 1.2115 l.2 i;orn inew ueuveryj 1.1SI4 1.10' LIU, 1.1.1'- 1.2CKS5 .101! 'l.l.-.'l 1.20?; September ueeemDer May Oats trptember December May I.nrrt Reptember October . . Janunry . Itlbs Peptember October . . January . Fork Peptember jnnuiiry VS. 541; T0i 74 , r,M; sot; T014 7.1 J 78Vi t4R?i . 0.07 ..1U.17 10.00 ..10.80 0.07 10.2(1 lo.w 10.n1 .... .so 1I..-.2 ll.K! 10 0.-, 1 10.07 .... '11.45 1 10.07 10.72 70'4 47 OOtl, KH 0.02 o..- '10.22 11.1.1 ll.ir. 10.S2H DIVIDENDS DECLARED International High Speed Steel, recular semi annual J per cent., payable September 27. fiold nnrt Stock TeWnipIt, regular quarterly l'.i per cent., payable October 1. Ohio Fuel Supply, regular quarterly cent., payable October 15. por RAILROAD EARNINGS SOUTHERN RAILWAY. 1014. l)c. Second week Sept Sl.251.slil $T!l.lih1 From July 1 .. .U.S.'.l.OIC 00,11.1 vino INI A RAILWAY. 10H. Dec. July sross JliVi.Sll ?27,sl Net sfter taxes im,4A.l .ts.osi July gross S7'14,5 t 1.Ih7 Twelve monlhs' gross .. 1,340,10.1 het 2S0,0S.'l ' TWIN CITY I.INES- I'lrst week September... lr.,;n.'l Jan. 1 to Sept. 7 0.2J0.4US MT. WIHTNKV rOWUH AND EI.KCTItlc- Aiigust gross 50,fil7 Net after taxes .1.1,004 Twelve months' grosi .. RII.OS1 Net after taxes S&4.12U $4,MO 3,6311 Ki.rwvi .17,089 4.M.120 .110 043 J.1,r,l!8 o,4 m U5..V.H SO, 101 CONSOLIDATED (JAS. ELECTRIC LIGHT AND POWER. Year ended June 30. Uross . . . Net Decrease. 1014. Inc. 8,400,m 2S3,oai 3,007,075 84,718 WAR AIDS HOSIERY MILLS ny naa been held ud sine "it tt itnu?,"!. pUce,J the regular IUHU ihart(,m"adf'Phla Stock Exchange 4 TeleAlnh 0nal Ame-'' Telephone lel8raph convertlblo 4u. Erie A n frths firm ' . S!.rn nas withdrawn from t ' .iini, Morris & Co. The., Tun.it ?.3'arnln? of u,e '-hlh Valley 'CeJlT"?, " 1A.u,u,t wro J'79'031' Wlnih.! Urse,t b1"""" 'or any " m C, ora?a"y history. Oper- dne th. VI.' J,'H a decrease of J2373, S5'a. tg.ins? L ,aj;nlnS 'or the month JhtrV I, . J'1'7' an ncrea of 154645. .? Oro,,;tanee for the month of , a-. Z'll?'0' nth wero HUut "87i ,1'tU'W3' "d net, J957.76:', Manufacturers in This City and State Certain to Benefit, American hosiery, CO per cent, of which la produced In Pennsylvania, In the be lief of experts, will be greatly benefited by the European war. Whatever benefit does result from the "Made In America" Idea In hosiery, the eastern section of the State and Philadelphia In particular will experience the Rood results. Ninety two per cent, of the State's hosiery mills are east of the Susquehanna, and the output of the Philadelphia factories com prises 70 per cent, -ot the total production in the State. The question of dyes for stockings, deal ers say, will take care of Itself despite all talk to the contrary. NEW YORK CITY LOAN" DEPOSIT Hankers In this city understand that within the noxt few days a call will be made by J. P. Morgan & Co. for the second instalment of the city loan from the banks and trust companies In New York who participated In the under writing: syndicate. Tho amount that will be called for. It Is believed, wjll be in the neighborhood of J1.000.QOO. BAR SILVER The price of bar silver advanced t to 61V4 cents In New York and MS to S pence In London. TOLEDO, PEORIA ANI WESTERN, 1014. Dec. Second week Sept $28,03.1 JI.746 From July 1 2SO.nn .... 14.128 WADASH-PITTdnURClH TERMINAL. 1014. 10KI. Do-. July Gross ....$nfl,M7 Jir100 fr).4M Net after taxes. 30,113 22..1D0 7.515 Increase. MISSOURI. KANSAS AND TEXAS. 1011. Dec. Second week Sept.. S7.47! 1,87: From July 1 .f,Ofl,i:i4 J222,(100 LOUISVILLE AND NASHVILLE. 1014. Dec. Perond nsek Sept l,rm2.705 $i:iS,l.V From July 1 11,(171.001 MM.KIU MOBILE AND OHIO 1fil4. Decrease. Sccon & week Sept J220.278 $30,1112 From July 1 2.WKI.74T 0,201 GIWROIA SOUTHERN AND FI.ORIDA 101 1. Decrease. Second week Sept X41.201 fl20 From July 1 4H.1.S.1.1 .7,871 TOLEDO, ST. LOflrt AND WESTERN 1014. Decrease. Seinud week Sept 1101,0711 sl.i'Kt From July 1 1,87.800 33,3511 ALABAMA GREAT SOUTHERN 1014. Decrease. Second week Sept SS8.77S 5,oin From July 1 1.021.778 .17.150 CHR'AOO, INDIANAPOLIS (c LOUISVILE. Second wuek September... I4.1.W0 $11,100 July 1 to epiemuer 1 l..-.n,lin COLORADO AND SOl'THERN. Second week September. . , $273,503 July 1 to September 14 V.7M.S.M DENVER AND RIO ORANDE Second week September. . . $507,000 July 1 to September 14.. . M77.tOO ORAND TRUNK. Second week 8ep,ember...$l,uofl,OI2 July 1 to September 14 11.702,812 ST. LOUIS SOUTHWESTERN. Second week September... $202,000 $..2.COO juiy 1 10 September n. . .'.ju.uijo TEXAS AND PAf'IFIf. Second week September... $308,712 July 1 to September 14 3,520,105 WESTERN PACIFIC Second week September... fLIS.KOn July 1 to September 11 i..ioo,mio DETROIT AND MArKlNAi Second week September. . . $23,24.1 July 1 to September 14 210.317 Increase. Syndicate Film Company, Initial 7 pr cent, on both clauses of stock, paynble October 1 to stock of record September 20. There was also cnargmi on 10 depreciation Jl.'.ou. Canadian Explosives, regular quarterly 11; per cent, on preferred, payable October 15 to stock of record September .10. Canadian Consolidated Rubber, regular quar terly li per cent, on preferred and 1 per cent, on common, payable October 1, Ottawa Light, Heat and Power. Ltd.. regrular quarterly S per cent., payabla October I to stock of record September 20. American Seeding- Machine Company, regu lar quarterly of l', per cent, on preferred und I per cent, on common, payable October 15 to stock of record September .Hi. Hid. tAsked. . .20.67 20.87 17.83 '17.R.1 20.55 t20.87 SENATE EXCUSES GALLINGER WASHINGTON, Sept. 21. The Senate unanimously voted todny to excuse Sena tor GalllnBer, of Now Hampshire, the Republican leader, from further atten dance during the remainder of the present session. Senator Gallinger, who has gone to New Hampshire to campaign for re election to the Senate, has been In at tendance In the Senate constantly during the long summer months. Builders Declare Business of 1913 Largest in Trade His tory Convention to Meet in Atlantic City. MINING STOCKS Quotations hero today wero ns follows: Jim Butler 11s jj7n 1 est End i;.- r,, 117 Tonopah Merger lm fluii North Star 1,1 ,17 Midway id Jis Mizpah ihujj in Ti.r.opah Extension 2'4fi2 5-1 Golilfted Merger 0 Mil Sar.dstrom 5 , ; Nevada Hills is fl:n CONDITION OF U. S. TREASURY WASHINGTON. Sept. II. The condi tion of the United States Treasury at the beginning of business today was: Net balance In general fund, $11S,G21, 230; total rocelpts yesterday, J2.S31.6M; total payments yesterday, $3,038,312. Tho deficit this fiscal year is J17.Hj.SW, ngalnst a deficit of J10.765.SOO last year, exclusive of Panama Canal nnd public debt transactions. CONDITION OF REICHSBANK NEW YORK, Sopt. 21. A wireless mes sage from Berlin Hays that the specie re serve in the Relehsliank last week In creased 41.000, COO marks and the circula tion notes decreased by 5S.COO.0u0 marks. SPOT COTTON TRADING NEW ORLEANS, Sept. 21.-A notice was posted on the Hoor of tho Cotton Ex change here today that tho market for spot cotton would be opened on Wednesday. PHILADELPHIA MARKETS GRAIN AND FLOUR 1 1.713 J31.340 3U7.10.1 (04.0011 300.000 1(7,011 077,010 3S9,UOO $40,31.1 09,370 II. 200 156,400 1122 3.1.U54 i.e. Bicau. lar IOIS, III expon ele- J. 2 red, spot and September. ll.l'Jft 2 red. Weitrrn. I.1'(1.21. No. I Duluth. $1 27fll .12 MHI.'AT. Receipts, 17.000 luish There was 11 mlr Inquiry from both millers and ex porters, hprliis wheat was lc. lower, but winter ruled steady, far lots. In export tie. ....". , .u, itrti. 'It. .O. Northern CORN. Receipts. 4048 bush. Demand fairly active und prices lc. blither, under iliilu offerings. Car lots for local trade, us to location: No. 2 yellow. ',0Wl. ; steamer, yellow. SSSSSUc. OATS. Receipts. 30,232 bush. Market strong and i,c nliiher. with fair demand lor local consumption and export No. 2 white. n.ltl.l31ic.. standard white, StMifi.lc. ; No. 3 white. 541f.14t4c ri.OUIt. Receipts. 1500 bhls.. 1. 828,250 lbs. In sacks. Trade slow, but mill limits nrmly maintained. Winter, clear, f I 75'a5; do., straight, ,1.1.23; do., patent. .1.40'rf5 75: Kansas, straight, lute sacks. ,1.20ft,13); do. Intent, Jute sacks, 3.0nS5.00: snrlne. first clear. 3J)0.25: do., straight, .V3Mi5S0: do., patent. 5.oort: favorite brands. IH.25no.75, city mills, choice and fancy patent. J0.2s4jfl.75 do., regular trades Winter, clear, si 7.ir,.i L,va,li, Kfl, Kit. .... ..... . ...... ' ' ..la.Hi.b, rj... hi,., i'meui, f.,wiril. Rico, I1.2.V?.- '.M; Florida. ;i2.50. rranbtr Hes. rape (!od, Early Rlack. per bbl.. ti.rnifift. 'JaJlHSIr''". "'"P ilnd. Early Rlack. per crate. ti""...-,,..-cra,nbrrl' Jersey, per crate-Dark. f,L';'."-r;:i, "Kh.!- l'"l--"- Huiklet.errles. per 'V J1'. ?i'J-' Parties, Virginia, per 20-11.. basket. 2565.1c.: do., do. per eiat... 75c.Ml..Vn. do., Delaware and Maryland, rer basket, 2M i:Lc'; u?" '!0- l'er crate. 7oe.jtl 2.1: peaches, 1 ennsilviinU. per basket -l-arce. white or yel- .' ;..i.i. ' """". " "". : peaenes. J' 1l' J",,,l,7 l,rr -lilt;h' I, Tha Impression has gained currency, becauso of tho popularity of the auto mobile, that carriages are no longer manufactured In very great quantities. Yet tho commltteo on statistics at tho convention of tho Carriage Builders' National Association, which meets In Atlantic City, N. J., September zSth to October 2d, will show that considerably over one million horse-drawn vehicles wero built In this country last year. Large as la this figure. It does not In cludo business, farm or trucking wagons, but takes account only of such vehicles on tho buggy, surrey, and other light carriages. Statistics show that there were made on an average of a million to a million and a quarter horse-drawn spring ve hicles each year for eight years prior to January i, 1913, nnd during the year 1913 the number exceeded 1.200,000. These figures, which are partly due to the In crease In population, naturally Inspire confidence In the present and the future of tho carriage and wagon Industry. It Is fair to assume that tho vehicle product of 1!)13 wns sold for more than $60,000,000. A minimum of J35.O0O.O0O It Invested In carriage factories In this country, to say nothing of the enormous capital Involved In the wagon business, while the Investment In manufacturing establishments making materials and parts exclusively for horse-drawn ve hicles Is probably as much more. Tho coming Atlantic City convention is the 42d to bo held by the vehicle men's organization, which was Instituted In 1572, making It ono of the very oldest trade bodies In America. The associa tion does not fix prices nor take any action In labor matters; Its functions nre mainly directed to the uplift and advancement of the Industry, nnd to the promotion of a friendly spirit among its members. The Carriage Builders' National Asso ciation has been favored In past years. at their conventions with the presence of a number of prominent men. who, al though not In the vehicle buslnefas, never theless were pleased to address the car riage builders on subjects of interest to them. Among these men have been the Inte President McKlnley, General Wil liam Tecumteeh Sherman, Oliver Wen dell Holmes, the poet, and others of almost equal fame. This year, Hon. John Barrett, director of the Pan-American ITnion at Washington, and formerly United States Minister to several South American countries, will address the as sociation. In connection wTlh the convention there will be held an extensive exhibition of all materials, parts ad machinery used In vehicle building, which will bring to the attention of the 1200 delegates all that Is new In theso lines. There Is much room for optimism In the carriage buslneftj nnd It will be a contentfil nnd enthusiastic gathorlng of prosperous manufacturers that will crowd tho Million Dollar Pier at Atlantic City during the last week In September. RAILROADS URGED TO ADOPT GREATER EFFICIENCY PLANS Roadmasters of Country Want Motor-driven Ma chinery to Supplant Old Hand Methods Say Sav ing Will Be Large. Larger application by the railroad of the country of scientific efficiency prin ciples In their equipment departments la being strongly urged by the Hoadmasters' and Maintenance of Way Association of America. Statistics compiled by the association show that while the weight of tracks used by railroads throughout the United States haB Increnned but 37 per cent. In the laat 20 years, the unit load hauled over the tracks has In some cases Increased more than 300 per cent Increase In the weight of track h necessarily called for the employment of moro men to care for the track under the heavy loads which it Is required to carry. Tho association recommends that motor driven machinery and tools be used by the railroads so that a larger amount of ground can be covered and better care given the maintenance of tracks. Toward the Increase In efficiency, use of section motorcars Is considered an Im portant part. It Is pointed out that where motor drlvon mnchlnery Is used It will result In a saving of 2 cents n mile, the cost of fuel to tho motorcars, repairs, de preciation and wear of car and time ot the men. In view of this It Is recom mended by a commltteo reporting to the association that motor driven enra be used Instead of handcars. Annual convention of the American rtallwny Bridge and Building Association will be held In Lob Angeles October 20, 21 and 23. Preliminary hearing on proposed changes for the next classification Issue will be held In New York tomorrow by tho ofilclal classification committee. Alton, Jacksonville and Peoria Inter urban line, now owned by a company headed by J. C. Van Riper, of St. Louis, has made application for permission to Issue J730.O0O of stock and 1500,000 bonds. The Illinois Public Service Utilities Com mission has the application under con sideration. Baldwin Locomotive Works will bull3 one Mikado type locomotive for the San Pedro, Los Angeles and Salt Lake Railroad. STILL CURTAIL DIVIDENDS Because of business depression, Influ enced by the European war, eight com panies either deferred or passed their dividends and three companies made re ductions last week. Among tho companies that passed their dividends were the Republic Iron and Steel, on preferred; Xova Scotia Steel and Coal, on preferred and common; Crucible; Steel Company of Amerlcn, on the pre ferred; Central Coal and Coke, on the common; Calumet and Arizona; Superior and Pittsburgh; Harvester Corporation, on the common, and Augusta, Aiken Rail way Electric, on the preferred. American Express Company reduced Its dividend from 1H to 1 per cent.; Standard Silver Lead Mining from 2 to 1 per cent., and Old Dominion of Maine from 1 to 25 cents. LOCAL BANK STATEMENT Increase During Week of $3,212, 000 In Reserves. Tho weekly statement of the Philadel phia Clearing House bnnks and trust com panies shows nn Increase In bank re serves. The Increase during the last week I amounted to $.".212,000, and brought that Item up to ?S9.'it.000. Both deposit Items also show very marked gains over the previous week, individual deposits $1,000,000 and deposits of banks $2,117,000. As was tho case the previous week. Clearing House exchanges last week fell off again, showing a de crease of HSt.OTO. NEW YORK BUTTER AND EGGS NEW VORK, Sept. 21 BUTTER Re ceipts. COS! packages; tone lower and un settled. Creamery, extras. S0!-.?J31c.: creamery, firsts. 2S030c; held, extras, 30 no'so. EGOS Receipts, 0208 cafes; tone weak. First pothered, extras, 2i?fi27c. ; firsts, 2i i23c. : refrlgerntor, firsts, 2IfI25c. COMPANY CONTESTS MANDAMUS per H-hakel, i 40c.HH : Jo., do. iil. 1'eare. nenrbv, do. LIVE STOCK QUOTATIONS i-lltOAGO. Sept. 21. -- IIOOS. - Hecelpti, 2ii.ua); market itrong: mixed und tut.-hem $S.SOti0..vi: k'uod hiuvy. fVll.lijU.J.l. tough heaiy SH;.'Wi.H.83; NkM. SS 7500 So: pigs. I3.JO20.S0: bulk, JH.2WjS.SO. tfATTl.K-il;c-celi'K. 21.0HO: market atcady to 10c. higher; beeve, ;7.:M11; i-om and he.rer. $Wotj3; Blockers ind reedera. fO40&3S: Tenana. 17 Miah.K!".: ealvea. III.HKI12 2.1 KI1EK1'.-He-celptf, IS7.CM); market 10c. to Wc. lower; na tUe und Wetlern. Ki.UttO. lamb. 3 7J88.75. HYK FI.IllTIt. llnl.,1 r.,U- $55.W per bbl., In .o.l. PROVISIONS lobbing but quiet, at movement ami n prices (-ry beef. n ul alr-drled. IllH.T.V. ; Western beef little sem. 40' .rapes, .outnern Delaware!, per larrler. o.ic. ; erapea SUGAR aiar.Ket sieadv. but uulet sian.lar.1 r.in. 7..TV.; line granulated. 7 23c. nowder. confectioners' a, 7.l5e. ; oft grudt-s. ulated aH T (.. U.-5VT.'o3e. DAIRY PRODUCTS hn?ULT?ilil"'7:3u.let nd weak, with modaratt but ample offerings. Waatern fres,h. nolld- packed, creamery, fancy specials. .i.e. ; extra llrats. ale. : rtri i f.t-im.,. . aic. extrw BANDITS IN AUTOMOBILE ROB BANK IN CHICAGO Shoot Assistant Cashier and Escape With S3000. rilUWno. Sept. St.-Four automobile bandits held m the Franklin Purk State Hank nt noon today, fatally wounded Walter Jos, asststnnt cashier, nnJ es caped with what money they were able to sweep Into a sack from the cashier's cage. The exact amount of the loot will not bo known until after nn Inventory is tnken. but it Is estimated the amount was about fc!urf). The robbery wm committed by three whlto men and a Ncbgro. who drove up to tho bank In a five-passenger automobile a few minutes before nonn. A light change In niiuKort am in sets, imoked. .llUSSc: city beef, knuckles 1 iiu irnucrs. ainnaea ana air-uncl. .l't.'i. .: eitem beef, knuckle and tend. n. smoked. 32 .Ho.: beef hams. HOff-M pork, family. f?ilu II. llami. S. I', cured. Icote. Ui,fUii4c. : do Ulnned. loose. 15V6 WtO: do., do., tmoked, ISO 19c; other hams, smoked, city cured, as to brand and aterage. l'lc . hams, smoke 1. western cured. IS-BIDc: do. tolled, bone less. 2S32!ic : picnic shoulders. S. 1. cured. tciit, ISfiU'lic . do.. smoked. llfil',; bellies. In pickle, according to averaze. loose. 10t21Kc. . breakfast bacon, as to brand and average, city cured. 22831c : breakfau bacon. Western cured. 22824c; lard. Western retlned, tierces. UMilt'4i'.: do., do., do., tubs. UVjiHPKc.: lard pure city. kettle renacrca. in tierces. iifffisc. : lard. city, kettle rendered, lu tubs, 11V912C seconds. 27Ml2Mac- , ludle pa.ked. vlifclilc, juuniy; nearby prints, fancy, 33c; do. average eMra, a.')j,'Hc. ; do., ilrsts, Ilon.T.'c lo., seconds 27j2Uc. Special fancy brands w" , .'M..,h ll .lUtiC pretty well un.it, ra. t ,. .. free, cases, nearhv x,,,, ni I nearby rirsts, Ji.-lo per standard hUO.I, strictly flii fresh eggs pi clear up at full iigure. but un stock dull. In freo coses, nearby Vi per iloi. ; pure VEGETABLES case; nearby current receipts, 7;5ut7.i,u pet standard iase. Western Sxtru nru. ." per case; do flrsi,. J7.30S 7.S0 pir ciso; do ' seconds f u.iu, ti.oo per case. Candled and VIENNA GOVERNMENT ACTS TO STOP FINANCIAL PANIC Money Is Advanced to Insolvent Con cerns and Moratorium Proclaimed, VIKX.NA. Sept 21. An emprcenev tmunitni u i.nin.. .- ner rnv r.ai-., ..., . . . .:..'":r""' 'M "-."fa .TOiCM ret-rated ireah i.. . ,",,.., :"." "r . .." ' cost of j;iun by tho tnnnioi,. ,n,. 37c per ...a . us tL Ju.Tirt- "r ""' "' " Tills will be used fnr ti, t.Z:. V- . fi . .J.HI.hhh. -The murket a shade firmer. Infectious diseases. Dozens of buildings &S iVPVuiLwJl&Jl&' ave be converted into ho,piturS fair 10 Kood. liHfeiiic. do w.T ikim, y "? c8Je . '"if soldiers, who nre Denial Made of Stockholder's Charge of Irregularities. Denial of charges made by William De Cou, Jr., a minority stockholder In a petition for n mandamus, was made In Common I'leas court today by the Mann tawny Bessemer Ore Company. Stephen Robinson. Jr.. secretary .ud treasurer, and a director of the company made the answer. De Cou charged secret nnd Irregular methods in the conduct of the business nnd asked th court to compel the com panv to allow him to examine all records, in the answer the company contends that De Cou's lawyer wanted to examine the books for "ulterior purposes " The mm pony holds that De I'ou may inspect th records, but his lawyer must be excluded. CAMDEN MAYOR SUMMONED He 1 being brought here from buth the extern j ana southern theatres ot war for treat- i,i-ti du , Market dull and rotstoea and cabbage 1 ' " ! w( jiti k'uii.-i vuiiiv 1 1 r J1.' , v-. . uu , Kis;ain; ltlT 104 XOHK1U-N fcXUHANGE s.v White iotatoa. Jersey. tr fcUiVi. ih . 80c.. old. 5v . Dickon. nr ,..?. i-T c?pwcc ....... I..-.-.1.... .. . . - tf-IV- Hw.l nntilnit Vamtmm Gk, . ...l . v xb" xuuiv. oepi. zt.-wie roroign ex. fbi -so i it fjis fi"' No s ih si change market is unlet, but displays a potatoes. North Carolina, ier bbl. -No 1. firm tone. Steilmg l.au and cable trans- I l 'v-; WA- "i. ,sf vSt:nJSSSii potatoes. Jer- y. vv ..v , f .j4 .),); jo. i, i p'1'4 POULTRY m,. -pull snU unchanged. Poln. it mi, urjfe. l.iMK- do. medium iyu ir.. '..tmrtni-u lrt.t .111. t -.11 i i . . "V "! mvg s.ukT w.. utf, un.. 1,111141.. ,,j rln - Ufl . is. . .... --!':-.-- ? isuuii k-uiiieas. p.r yalr. younif. we iKhiu -1 M. SVl D81 lo iiifnten. This has been aceen. , Kcirning 1'jSI. ib. !.; oM nwster.. llu ic. snVm-1 , m t.., ' . There Is a feeling of de.irnBi i rue. 17&18.-.- ,!S n,HT,.r".,.!"'5Vr.' 1 .... ......... .C - --, "".ii m, 5iraiu Ju.ks. ul.:. 1.K114T.. '; .;T: "TTA.. , )l:i."- "V"." "" government i doing fers to 4.96. Cable franca are quoted 5.12 and nominal (juotatlons for mark cables are 95?iC. BANK CLEARINGS Dank clearings today compared nltti corrs sponjinr day last two years 1914 1913. 1012. Philadelphia IIS a.ia 3.V1 Kt.lfin.ua ISI.S13.27T Boston '. H.eaS.SSl 17.SAJ,775 lS.3ttl.TSi3 New York IS.TI10.(W4 226.70S.O74 J1D7.T73..W1 W Louis . 1'.'.751.1M IH.S37.3U 13,94,7 Chicago .. 4S,KX,5S! 61.4W.U7 61,118,004 sev. 1 ,3. sweet potatoes. Jersey, per basket 40 50c. Onions, Western and Connecticut Val ley, choice, per lro-lb. baa $1 lol SO: do . medium, per 10O-lb bag, fl. Cabbage, do- iiie.i.c. per ,on, ivii. i fiery, rsew ork, Let uuit.ii. ivranvu. &i tasket, ooc sjji m luihrooDi, per 4 -lb' FRESH FRUITS Apples more plentiful and easier. Other fruits generally steaay. Apples, per bbl iraveu steln, J582.S0. Blush. 41 Tig.M oiher good eating varieties. 1 Tftf.M. medium. 1 M4 8 applea, Del., per hampar, SO3a0c l,emirs, per bo. 334. Plntapplea, per crate Porto lllir.St;i) Ueslrahla iivv u..n , , up i(d mm. Presa-kilh,.! 0wl,, lltr lbse lected l"avj. Sa.: lati-. helghmn i,yi ll. apiece k-.m ,c ; uelshlns 4 lbs. aple, M?.. Jjelgninit 3is lbs. apiece. ITal.Sc : ,iiSi j . and under arie. itv ; old rooirrf dry picked. lT8c., Iroltlns chukons. near bj woigidng l55 Iba. apiece. lBS'.'Oo., do., fair 10 good. tirlSc; chickens. Weatern, SUffii lbs. anl cr aplrce. IDc do., do. JUa lbV apiece. 16-vlTc . broillnc chickens. Wettcrti weighli.B 1J lbs. llglR.- . do. fair to lood ISailk-.: muabs I .loj . wl.lt. uenh Ing HSU lbs. per doi . $4 I.' 4 Ml hlle ne Shins WtO lb, per doi JJ83 73 while weighing S lb per rtoi . ft t'li'i &u . u ,lo T Iba.. pet doi fl 7SJ2, do., do . Hu' lbs," tuAted by the financial and imliutroi paralysis. THE MONEY MARKET NEW YORK, Sept. Jl.-l'.indltlons 11. the money market reflect mi Improving tendency. N'ot only U theru a, potter feelltiK prevaillnb-. but lender- arc sume. what Inclined to itrant accommodation on easier terms. Call money appears to be shifting to a 6 per cent, basis for re newals. F01 time advances borrowers are bid ding 6 per cent, but lnktliiultm. how ever, are still insist ng on 7 tu S iwr .-nt for various maturities. There Is. how ever, virtually no fixed rate lending Must Tell State Health Board Why Sewage Plant Was Not Built. A "summons to appear before the State Board of Health, at Trenton, on Sep tember H. has been served on Mayor KUis, of Camden, that he muy explain why the State should not take action because of the city's failure to build sewage dibpusa! plant in compliance with the order to that effect Issued In 1910. According to the terms ot this order the city was to h.ivo completed such a plant bfefoit, .September 1. 1913. Two plans, one drawn up by City Knitfneer Farnhum and another by Street Commissioner Sayer. were submitted, but neither was approved bv the board. The city then awaited sug gestion) from the Hoard of Health, but none wns given and the date for the com pletion of the plant pasted without any steps being taken toward lt construction City Solicitor lileakly will represent Camden In the coming Inquiry. NAVAI, STORES POOL DENIED WASHINGTON, Sept. 31 - Utorney General Gregory today made formal de nial of repoits that dealers in naval stores have foimed a combination with the appioal of tin Iiepartrnent of Justice. ANNI'.W. MKKTIMiS 1.2? MAIIMOIII M5I.N roil. AMI IliOV - ( (. drurrul OlrJie. Heading Terminal. The u.inua! meeting of u . kholJ-r and au 1. Hon f..r five IHre, tors t s'r (or the cuauiug vear will be held under t Charter of Ibe i mis- . un.l Ir . ,.1 f..rmll . "lib tin- t.vlaws jt tu ottba Heading Tr '.'i'.1.'' . 1'bllaUleHil.i ,.u Moi'dar. Ilitobe 13th. 1911. a I II 1.1 uU.uk a. m. W. O UKOWX. Sair.tary