Evening public ledger. [volume], October 13, 1914, Sports Final, Page 13, Image 13

About Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942

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FINANCIAL
GERMAN SUCCESSES
INFLUENCE BEARISH
SENTIMENT IN STOCKS
Reported Fall of Antwerp,
Bankers Say, Sets Back
Date of Exchange Reopen
ing Trading Not Active.
News of the German occupation of Ant
werp had an unfavorable Influence on
both prlvnto and public trading In Stock
Exchange and financial clrcUs today, and
sentiment showed a substantial degree of
depression over this event. This change
was most marked In the denllngs In con
tinental exchange. Ttclchsmarks which,
at the end of last week woe offered at
D1'4 without a nearby bid, were today In
demand at 82i. the offerlnKS by foreign
bankers having been withdrawn, and
there was nn absenco of supply of Dutch
guilders.
Wheat on the Chicago Board of Trade
was also strong. May option moving up
oyer 1 cent and fractional gains were
marie In corn and oats.
The demand for short term notes which
was the most favorable feature during
the past week flattened out. and there
was also a. cessation of buying of long
time listed bonds.
Most of the dealings In bonds has for
some time been In the listed bonds, sales
on some days through the clearing house
amounting to about $500,000, or about one
third the normal volume. New York city
new loan Issues were also easy, the 131"
bonds which on Saturday sold as high as
108U yielding to 103,
It was general comment that the lots
of Antwerp had set back the probable
date of the reopening of the New York
Stock Exchange. There was a fairly
large gathering of members on the floor
of the exchange, constituting -what the
brokers called a "clearing house of
ldfas," and some of the views expressed
In that gathering wero of nn Insurgent
character.
One proposed scheme was that the ex
change should open for two hours dally
for cash trading, and a few of tho mem
bers advanced the Idea that the matter
of resumption of business should be taken
out of the hands of tho governing com
mittee. These suggestions were ridiculed
by the majority of those Joining In tho
discussion, who Insisted that the gov
ernors were working for the best Inter
ests of all, and there Is little doubt that
nine of ten members of the exchange
approve all steps so' far taken by that
body.
Prices In the trading group on New
street were at lower levels, with some
pressure against Southern Pacific and
free offerings of United States Steel at
about the lowest prt,es so far reached In
ithese outside dealings.
i Business In stocks and bonds, listed and
unlisted, was reported as fairly brisk in
this city today, after the three-day holi
day. The business was chiefly In short-
term bonds and equipment trusts, as was
the case during last week. In the stocks,
Pennsylvania, Lehigh Vnlley, Philadel
phia i;iectrlc and United Gas Improve-
I ment predominate!. These stocks have
been traded In more than any others for
the last ten days.
Banks are afaln getting back Into the
market for securities. This was noted
the latter part of last week, but this
week it Is more pronounced, brokers say.
Thus far the issues asked for by the
banks arc Pennsylvania convertible 3V4s
of 1315 and New York city notes. The
former sold In this city today for 07T4. up
U from the last previous sale. There is
no demand for local traction issues. The
banks making the majority of the In
quiries and doing the larger part of the
business are country institutions.
Another Indication ot ine newer ict"s
that Is every day becoming more appar
ent is the easing up of the money market,
principally In commercial paper, being
the only branch in which any business
is done to any large extent Call loans
are only made, generally, to brokers
when their time loans havo expired and
they desire to renew.
Good name commercial paper, with ma
turities of four and five months, has
changed hands this week as low as 6H,
per cent. Last week paper bearing the
same names brought 7 per cent, and In
come cases 7i per cent , the former fig
ure being the one at which the most
business was done, however. Inquiries
are being received daily from country
banks, who deslro to buy paper.
Opinions are advanced In banking cir
cles that the New York bank statement
on Saturday will show a surplus Instead
of a deficit, as has been the case since
the outbreak of hostilities abroad. Last
week tho deficit was cut down 510,103,300,
leaving a deficit of $7,751350. The pre
vious week the Item was reduced
$12,712,750
Cash has been flowing from the In
terior Into New York and this week the
movement Is continuing. Tills Is what
leads bankers to believe that the banks
will regain their surplus. If this is Uono
it will be tho first week since tho Euro
pean war besan that they have had a
surplus.
RAILROAD EARNINGS
ST. LOUIS AND SAN TOANCISCO.
1014. Dccreue.
AUgUlt STOC8
Net after taxes
Two months' gross ....
Net after taxes
CAN API AN
First eek October . ..
From July 1
H,67.RS8 $.106,46$
1.132,352 O0.S0O
7,2!1.1 40ftOI
2.0SS.032 3J4.725
PACIFIC.
$2.273.orO
32.703.072
JST2.000
J5.322.0CO
SOUTHERN RAILWAY.
Firet week October . . Sl.Sfl3,4J2
From July I . . .. 18.2.18.751
Year ended June 30.
Total operating revenue. 180,533,6Q7
Net lS.ffl2,B22
Surplus 2.047.717
JERSEY CENTRAL.
Autust total oper. rev... I2.6S3 787
Net . ... LOtSStt
From July 1 op. rev ... 5.10i5.7lf
Net 1,057.604
CANADIAN NORTHERN
First week October.. .. 3.po
From July I . ... 6.635.MK)
J2I5.S-1$
3S3.461
M.M4.207
1.293,044
1.982,187
S77,'23
110.747
222,014
200,121
J11.700
6SS.S0O
TOLEDO. PEORIA AND WESTERN
First week October . . fin.OSO
From July 1 . . . . 331.103
MISSOURI PACIFIC
Urst week October fl.lsn.OOO
From July J ItWtUU
Increase.
I0S2
20,155
1(9,000
300,210
MINERAL OUTPUT OF V, S.
The output of gold in the United States
last year was 4,293.784 flue ounces, valued
at tS3.SS4.400, a decrease of II.KO.OOO. ac
cording to the Geological Survey and the
Mint Bureau Silver produced was 66,801,
00 tine ounces, valued at 140,318,100. The
output decreased nearly 3.5OO.O0O ounces
California led In gold production, while
Nevada led In silver output.
NICARAGUA MORATORIUM
SAN JUAN DEL SUR NICARAGUA,
Oct 13. The Senate ot Nicaragua has de
clared a moratorium The measure is now
before the House of Representatives.
DIVIDENDS DECLARED
Peoples' Gas. Llxht and Coke company,
reiular quarterly 2 per cent pa) able Noveni-
. " ir.,"c record Kninitr
onsolldated Ice Company of Flttibursb. ri
u'ar Quarterly m per cant.. jabl Octo
ber o. T
? . k "r'n rompany. reculsr quar-
Mlrlnc ",
Jsr y 2J .nt f.
payaoio ucccudk
m iku ur
inter I,
AND COMMERCIAL SITUATION AT HOME AND ABROAD-MARKET REPORTS
WHEAT OFFERINGS SMALL,
BUT MARKET STAYS FIRM
Developments In Europe Favor Heavy
Requirements.
CHICAGO, Oct. 13.-Offerings of wheat
this morning were small j.nd the market
was firm. There was moderate buying
by a few commission houses. The re
ceipts at spring wheat points showed a
further falling off, which gave promise
of a let-up In the huge pressure, while
developments In Europe were In favor of
heavy requirements. Wheat at Paris was
1c. higher and flour Ho. up.
No quotations for futures were posted
at Liverpool today, but spot wheat
showed an advance of Id. to a decline
of d.
Corn was stronger on wet weather and
lack of offerings. There was scattered
purchasing by commission houses.
OatB were firmer with the other grains.
Off(;rlifi?!rwere light. j
Leading futures ranged as follows: f
Saturday's
Wheal Open. Illsh. Low. Clnse. clone.
December ...l.tntj 1 livj l lot tl.ll M.OiU
May I. MS 1.10'j, ,-1.1014 l.KVft I.tJH
corn ww nenvery)
December
May
Oats
December
May . ..
Lord
October .
November
January .
rtlbi
October .
January .
Pork-
7
CO'
4TS
80S
7W
167
t)H
oak
(17,
70i
09
47
01
48H
5U4
tm;
tJi
,47J$
xntt
O.CS
HlflO
tD.83
n 70
0.70
10 0
0.07
O.OiH
10.8
O.JO
. o.no
. It. 87
10 S7
. 0,05
b'.o
B.00
10.TI7
0.73
n.P7
0S2
10 oo
0.07
January
..1S.S0 H.S0 13 65 MS. 70 18.07
Did. t Asked.
LIVE STOCK QUOTATIONS
CHICAGO, Oct. It HOOR-Recelpts, 2O.0O0.
Markets 10c. loner. Mixed and ViiitchOM. 7 .tC"T'
8 20; good heavy. 17.71108.2-1; rough heavy, 7
08.00, light, 7..3'33.t.',; plits, 5.4flai7.00; bulk.
7 t.-iSS CATTLE Receipts, 7X0. Markets
vveik. neeven, tn.7.1i310 M, co and heifers,
7.M8O.40j Mockers and feeders, IS7.VB8.10,
Texnnn, K.40W0, calves, sn.AOOlI.Z),
PHEEP Receipts. 45,000. Markets steadv.
Native and 'Western, .1.238n DO; lambs, $:,.
67.
NOTES OF THE RAIL
United States Circuit Court Judge
Adams, sitting In St. Louis, lias ordered
the receiver of the "Vnbah Railroad to
apply to tho Interstate Commerce Com
mission and to the various State public
service commissions for authority to In
crease freight and pnBsenger rates.
Before the consolidation of tho New
York Central and Lake Shore can be con
summated tho authority of several State
commissions In western States Is neces
sary, and It Is tho belief that the favor
nble action of the New York commission
will lead other commissions to take
similar action. Nothing can he dona
toward carrying the plan out until per
mission has been obtained from the com
missions. Tho Supreme Court of Michigan has
upheld the right of the Michigan Killroad
Commission to fix the time when de
murrage charges on Intrastate shipments
shall begin and the regulation of tho
charges.
A reduction of 8 cents per 100 pounds
has been made In the rail rate on flr lum
ber from mills on the Pacific coast to
nearly all common point territory in
Texas. The new rate Is 62VS cents per
100 pounds.
The Illinois Public Utilities Commission
has authorized tho Illinois Central to Is
sue J13.348.100 Joint refunding 5 per cent,
bonds to refund money spent In tho pur
chase of the Chicago, St. Louis and New
Orleans Railroad.
FINANCIAL BRIEFS
Lumbermen In this city were notified
officially today that the National Lumber
Manufacturers' Association, at a meet
ing in Chicago, decided to establish a
new department of Interlnsurance, to
which members of the organization
throughout the country will be asked to
subscribe.
The Bank of England bought 20,000
In gold bars and 19,000 In United States
gold coin.
The issue of $1,000 000 5 per cent five
year notes of the Province of Ontario,
dated October 1. are going well, accord
ing to reports fro.m Montreal, where the
loan Is being handled by brokerage
houses.
The underwriting syndicate which han
dled the New York Central refunding
and Improvement mortgage, series "A"
4'a per cent, bonds, due 2013, are offer
ing the unsold balance of about $3,000 000
at SD and interest, yielding 5 03 ner cent.
The original price of the first block of
Jtonno.OOO in April was D5; on a yield
basis of 4.70 per cent.
The plant of the Pittsburgh Plate Glass
Company, at Sandusky, O , has been re
opened, a wage scale providing for an In
crease of B per cent, having been agreed
on. Men were thrown out of employment
at the plant last spring.
The output of the Rand Mined, in Sep
tember, was 702,170 fine ounces, valued at
2,952,630. This compares with on output
of 711,017 fine ounces, valued at 3,021.037
In August and with 72$,O05 fine ounces,
valued at 2,539,656 a year ago.
A sale of International Mercantile
Marine 414s , on which interest was
passed on October 1, was reported In
this city today as having been made In
New York at 29. This compares with the
closing price of 43.
The gross earnings of the Keystone
Telephone Company in September were
Jlll.135, Increase J3S25; net JM.773. increase
S4376; nine months' gross $391,397. increase
J16.SS0; net I303.SS2, increase 333,470; net
surplus $269,610, increase $33,464.
S. Femberton Hutchinson and William
W. FItler were elected directors of the
Pennsylvania Company for Insurances on
Lives and Granting Annuities today, suc
ceeding George P. Baer and 'William W.
Justice, deceased
Ivy L. Lee. executive assistant Penn
slvanla Railroad, addressed the Pitts
burgh Chamber of Commerce this after
noon on the subject, "How Can We Be
store the Health of the Railroads?"
The seat of Alexander L. Crawford on
the Philadelphia Stock Exchange has
been posted for transfer to Wilson Woelp.
per. Both are members of the firm of
Woelpper, Crawford & Co.
Levi L. Rue, president of the Philadel
phia National Bank, was at his desk
today after a few days' vacation
There was Issued at the local Sub
treasury today $100,000 emergency cur
rency, making the total Issued to date
$11,293,310.
TjAMAB 57 YEABS OLD TODAY
Niagara Falls Mediator Recipient of
Congratulations.
WASHINGTON. Oct 14 Associate
Justice, Joseph Ft Lamar of the Supreme
Court, who was one of the American
commissioners to the Mexican Mediation
Conference at Niagara Kails, today re
ceived congratulations upon his G7th
birthday anniversary
Representative Borland, of Kansas City,
Mo . also received congratulations upon
h'.a 47th birthday ans!vexs.uj
EVENING T.EPflEB-PHILADELPHIA, TUESDAY, OCTOBEB
CAR-RIDERS WOULD
SAVE $38,000,000
BY BETTER TRANSIT
Director Taylor Says Time
Saved, Capitalized at 5
Per Cent., Would Eqtpll
1 his bum.
Director A, Merrttt Taylor, of tho De
partment of City Transit, has figured that
one of tho big assets that would follow
Inauguration of an Improved transit
system In this city, such as Is now
planned In tho proposed agreement be
tween the municipality and the Philadel
phia. Rapid Transit Company, would
a saving of time to car-riders here, which,
capitalized on a basis of 15 cents an hour
at 5 per ccjlt, would amount to $33,000,000
a year.
"The program, as a whole," says Di
rector Taylor, In an article In tills weok'a
Electric Railway Journal, "assures to tho
peopln of Philadelphia a sptondld modern
rapid transit system, operated In con
Junction with the existing lines ns one
great unit, In a manner which will ron
dor the public tho greatest service at a
minimum reasonable cost.
"It provides that the city Is to own
the new facilities and all their futuro net
earnings excepting auch reasonable pay
ments as aro allowed tho operator, Includ
ing 6 per cent, on tho operator's invest
ment. "It assures to tho city and the people
the added prosperity and comfort which
every such great constructive enterprise
and ndded convenience brings; the cost
will be slight, nntl furthermore tho cost
will be more than completely and gener
ously offset by tho 1-mlll tax on personal
property which has been turned over by
the State to the city as a practical sub
sidy in tho aid of transit development, by
the groat Increase in property values and
therefore In tax returns which will accrue
to tho city treasury, and by the cancella
tion of the present exchange ticket charge
on the public of $500,000 per annum, which
amount would havo increased from year
to year.
"The Indirect advantages must not bo
overlooked, Present and ever-Increasing
congistlon will be eliminated. Tho city's
growth will be accelerated. The effi
ciency of the population will be Increased
by tlmo saved, which capitalized on the
basis of 15 cents per hour at 5 per cent,
would amount to upwards of $33,000,000.
The city's areas available for develop
ment will bo so enlarged as to make com
fortable and economlcnl homes readily
available to all, and undue congestion of
population 'will be prevented.
"There has been a great world-wide
awakening to the view that communities
must collectively, for the good of all,
undertake wider spheres of service, and
that the community Itself should retain,
to a greater degree, tho unearned incre
ment In values which Is created by the
concentration of its own population and
by Its own activities. In Philadelphia
thero Is an undoubted urgent need for ad
ditional and better transportation facili
ties. Private Interests cannot handle this
proposition without municipal aid. No
one can reasonably doubt that the com
prehensive transportation system propos
ed will. In time, develop ample direct
earning capacity, not only to carry Itself,
but actually to relieve taxation for other
purposes."
TORONTO OFFICIALS HERE
TO STUDY CITY FINANCES
Canadians Are Entertained by Mayor
at Luncheon.
Mayor H. L. Hackcn. of Toronto, and
other officials of that city are in Phila
delphia today Inspecting the systems of
municipal financing and accounting here.
Mayor Blankenburg entertained the vis
itors and local municipal officials at
luncheon at the Bellevue-Stratford this
afternoon.
Dr. F. A. Cleveland, director of the
Bureau of Municipal Research In New
York city, accompanied the Toronto dele
gation to Philadelphia. Tho Canadian
officials obtained data from the local Bu
reau of Municipal Research and from the
controller's office that will be compiled
with Information gained ,n other Ameri
can cities.
Guests at Mayor Elankcnburg's luncheon
were Mayor Hacken. Controller J. O.
McCarthy. Alderman Dr. 8. Marley
Wlckett, City Treasurer John Patterson,
City Auditor Walter Sterling, Commis
sioner of Works K C. Harris and Dr.
Horace M. Brlttaln. of Toronto; Doctor
Cleveland, of New York; Director Porter,
of the Department of Public Safety; Di
rector Norris, of the Department of
Wharves. Docks and Ferries; City Con
troller Walton, W. B Hadley, chief ac
countant cf the controllers office; Chief
Webster, of the Survey Bureau; Cyrus D.
Fos, secretary to tha Mayor, and Fred
erick P. Geuenberg and Ralph Bowman,
of the local Bureau of Municipal Re
search. MINING STOCK PRICES
Jim Butler 7(1 fl 77
West End..., 56 58
Jumbo Extension , 60 ffl 31
Mltpah 23 ,24.
'Atlanta , 1TH3; 1HJ
Mcntana. 40 43
North Star 10 85 18
Tonopsh Extension 2 0-16ff2 11. IB
Tonopah Merger 24 M
Goldifrld Merger. . SLS.3.1.
Goldfleld Consolidated 1 -m 23
Nevada Hills 2S 32
FOREIGN TRADE INQUIRIES
Addre of forslgn importer rflakins the
lnqulrlemi., obtained from the Bureau of
Foreign and Doftiv.tlc Commerce, Department
of Commerce, Washington, D. C. or its branch
offices. Inquiry number must be mentioned
No, 13,930. Brush or bristle dressing
machinery. A firm ot brush manufac
ture s in tho United Kingdom dealrea to
communicate with American manufac
turer of brush or bristle dretalnc ma
chinery and of brush punching or Mllner
machines.
No. 13,937, Arc. lamp carbons. An
American consular officer in Ireland has
transmitted a lettr from an electric com
pany, which Is deslious of securing; arc
lamp carbons
No. 13,938. Zlne noods, etc. An American-Portuguese
firm in Europe wishes to
establish agencies for American firms
dealing In zinc goods and general novel
ties. No. 13,940. Chemlcsl and pharmaceu
tical products. An American consular
officer In southern Europe reports that a
firm wishes to make connections at once
with American manufacturers and export
ers of chemical and pharmaceutical prod
ucts. RUSSIAN MORATORIUM ENDED
PARIS. Oct 13. The Busslan mora,
torium expired on October 9 and all ac
counts of the bsnks ar paid as punctu
ally as In time of peace, says a newe
agency dispatch from Petrograd.
NEW YORK BUTTER AND EGGS
NET YORK, Ott 13 -Butter-MarWst
ua4y. receipts. S360 paeltarea. Creamery ex
tra. 31c.. b'tber icorlnj-. aiVje.
Ega- Market itetdy. receipt. 18.714 cases.
Fresh. MU4, am, 37923c. fresh, firsts, 2i3
f I
CHARLES S. CALWELL
Presdent of trie Corn Exchange
National Bank, of this city, who will
become a member of the Council of
Administration of the AmericanBank
ers Association, now in session at
Richmond, Va. Another Philadelphia
banker Wiliam A. Law, vice presi
dent of the First National Bank is
expected to be made president of the
association.
TfiERSHlPMESMALL
Excess Cut Over Movements in Au
gust Was 117,000,000 Feet.
Holders of timber bonds In this city will
be Interested In a statistical table com
piled by John E. Rhodes, secretary of
tho National Lumber Manufacturers'
Association, covering the cut and ship
ments of lumber throughout the country
In August, compared with the same month
a year ago.
Reports from 621 mills show an excess
cut ovor shipments of 117,900.000 feet dur
ing August, 1914. Tho decreaso In cut last
August, compared with the same month
last year, was E1,6C0,000 feet. The de
crease In shipments was 96.200,000 feet.
The European war Is declared to have
influenced a smaller activity In nevv build
ing and extension work. Demand for
lumber, consequently, has been materially
lessened.
PERU WANTS COAL
Consul Says Country Is in the Market
for $1,000,000 Worth.
Eduardo Hlgsinson. Consul General of
Peru, announces that his country Is in
the market for $1,000,000 of American coal.
The fuel supply of Peru usually comes In
great part from Australia and England,
but export from these countries Is now
prevented on account of the wa'. hence
Peru Is compelled to turn to the Vnlted
States.
Financially, Peru has been very close to
England, her monetary and currency sys
tem having been patterned after'"Eng
land's. Senor Higglnson urges American
bankers to establish branches In his coun
try, so as to facilitate the contemplated
purchase by the creation of direct Peru
vian credits here
PORT OF PHILADELPHIA
Sun and Tides
Sun rites.... 0 08a.m. I Sun sets. . 5 I." p ra
PHILADELPHIA.
Hlsh water. S.2I a m. I Hlfth water. S 57 p m,
Low water.. 3 tfia.ni. I Low natr . a. SI p.m,
REEDY ISLAND.
High water. B'1.1 a.m. I High water. .1 10 p.m,
Low water.. 11 :a.m. I Low water p.m.
nilEAKWATER.
High water. 2 14 a m. I High water. 2 42 p.m
Low water.. 8.01 a m I Low watei.. S 5i p.m.
"Vessels Arriving Today
Str. Hardanger (Dutch). Marbilla, ore, Hal
ley. Davie & Co.
Str. Mllllnocket (Am.). Stockton, wood pulp,
8tr. Romanian Prince (Br.). New Tork. bal-
Sc'hr. Clara B. Randall, New Tork, ballast.
X. D. Cummins & Co.
Steamships to Arrive.
TASSRNOER.
Name. ""?' Called.
California Copenhssen ...Sept. -
Mongolian Glasgow Eepc 21
FREIGHT.
Sturmfels Calcutta r'ept.
Rapldan Mlddlubnro ...Sept. 30
Man Miller Manchester .. Sept 24
Solbors- Hart. spool ... hept. 23
Stalhelm . Burnt Island. ..Sept 2U
Crown Point London Sept. 30
Marlteres l!uelY,a s2
Murjek K,nlk Sein. 20
Mltsourlan HUo , Sept. 20
Vaaconla y .........Sept. IU
Invergyle Savanna LaMar.Oet. 2.
Hesperos Soml5?y 2ct- -
Klruna a,?'lH. 2et- i
Noordsk Rotterdam ... -Oct. S
Vtnlsnd San Andrea. ..Oct. 0
Abrahamson Plymouth Oct. 8
Steamships to Leave
PASSENGER.
Name. .F'or D'e-
Moncollan Glasgow Oct.
California Copenhagen ....Oct. 13
Haverfcrd Liverpool Oct. 24
FREIGHT.
Missouri London Oct. 14
South Point London Oct. la
Rapldan Lelth Oct 1
Crown Point London Oct. 24
Canton Chrlstlanla Oct. 24
Man. Stiller ..Manchester ....Oct. 24
PORT OF NEW YORK
Steamships Arriving: Today
Name
Hell Olav
From. Docks at
. . Chrlstlansand ..Sp.m.
..Glasgow p,m
rannonn
Due
Tomorrow
Name.
Finland
Madonna
From. Palled.
Liverpool Oct. n
Nsples Oct. SO
Steamships to Sail
For. Date.
Rotterdam Oct 13
Marseilles .. ? rw n
Name
Ryndam . ..
Roma
Lusltanla . .
Celtic
San Giovanni
Osear II . .
Kroonland .
.. -Liverpool Oct. J 4
..Liverpool Oct 14
..Naples Oct 14
..Copenhagen . ..Oct lit
.. Piraeus . .Oct. IS
Movements of Vessels
Str Vedra (Br), from Philadelphia, arrived
Bxrrjw October It
Motorililp California (Dan . for Philadelphia
sailed from Copenhagen October I.
Str. John n. Rockefeller (Amer ), Philadel
phia for Copenhagen, passed Dunnett Head
October 11
Str. Carthaginian (Br) from Philadelphia,
arrived Glasgow October 10
Str Miuretanla, (Br for New VorV. sailed
from Liverpool October 10
Str Maine iBr ). from Philadelphia, arrived
at London October 11.
Str. Noorderdjk (Dutch! for Philadelphia,
sailed from Rotterdam October 10.
Str. Amstledyk (Dutch) from Philadelphia.
arrived at Rotterdam October 12 "
Schr. Horatio, for Philadelphia from St.
John N B.. salle'l from Portsmouth Octo
ber 12
FREIGHTS AND CHARTERS
Tre full cargo steamship market la strong,
under a steady demand for boat for prompt
loading HPver only a limited amount of
busluee a reported The sail market Is
quiet under an ample supply of tonnage, with
rate weak
STEAMSHIPS
Uutin Abbey (Br . Baltimore to Genoa,
40.000 quarter grain. 3s., October
Thistleard (Br ) 33 000 quarters, tame.
MTsneld (Br ). 40,000 quarter oat, same.
3a ifed . October
Horo (Nor). 1080 ton. New York-Scandinavian
trade. to round trips. KV. delivery
New York October
Enrico Millo (Its! ). 2270 ton transatlantic
trad, ooe round trip. 4s deliver! Europe,
prompt
PruUuia Utal ) 20&S tons, earns
RusaJia (Ital ) 2073 tons. same.
11 of Jura (Br ), 24S5 toss, Baltimore) to
Havana, coal, private terms, spot
SCHOONERS.
James B. Drake. U01 teas. Baltimore to Gal.
Beaton, coal, rn ate term., rrtnjDt.
PROPERTY VALUES
GREATLY CHANGED
r BY PARKWAY WORK
Neighborhood of 1 5th and
Arch StreetSvDisplays Ups
and Downs in Assessments
and Business Worth.
The neighborhood ot Arch street from
15th to lith has been a very busy locality
in the year' 19H up to this date, the Park
way from City Hall to .Logan Square, na
plotted, HO feet wide, passing Arch street
nt this point.
Tho operations take In the block from
the north side of Filbert street to the
south sldo of Arch street, also tho south
side of Arch street from 15th to ICth, than
tho north sldo of Arch street to and In
eluding the northwest corner of 16th street
to 1613 Arclj street, and portions of proper
ties from lf)lj to 1633 Arch street
As the final Una was only Rettled upon
after many lines had been proposed, prop
erty was held clown In this locality ever
since the matter came to the attention of
the public Conditions made tmvers un
willing to go Into the neighborhood, and
property owners, with a few exceptions,
did not wish to spend money upon their
holdings surely marked for destruction
FIFTEENTH AND ARCH STREETS
A notable example, however, to the con
trary, was property at the southwest cor
ner of 15th and Arch streets, No. 1500,
which sold March 23, 1912, lot 22x143, for
J'O.OOO. It was assessed In 1D09 nt Jo5,0C0,
nnd It Is now only assessed at 55.0O0. It
has sinco been greatly Improved, and.
from bringing in practically nothing. Is
now rented at about 11,000 and Is held
at more than $150,000. Other properties
In the 1500 block on the south side, which
will be entirely taken by the Parkway
have tho same assessments today that
prevailed In 199.
The north side of Arch street, from
15th street to 16th. shows a very different
situation. Properties assessed at 50.000
In 190& are now $S0.CO0; those at $I2.0
are now $74,500, such as 1507-9 Arch
street. These two properties were owned
by J. Clifford Wilson, who. May 18 1914,
also purchased 150i Arch street, as
sessed at J80.000, for about $100,000. Tho
three properties gave him a frontage of
74 feet 5 Inches by a depth of 1S8 feet
Ho removed the steps and dwelling house
features, and by three brownstone steps,
a neat landing and steps inside, the floor
is reached very easilv. No fronts were
put In and all arranged to conform, tho
Interior adjusted to the needs of an office
building wl'lch li cnlled The Pln.a. and
Is now a most satisfactory Investment
and Increases tho value of surrounding
property besides showing what can be
dono without pulling down or going to
enormous expense.
On the north side of Arch street, be
tween 16th and 17th, a. glance at the as
sessments will be quite worth while. The
following Is 6hown.
Atse'ceil
ino
1f.ni Arch street Jliono
1 Kir. Arch street 7..VX)
Ases?ei
11(14
S13 OCi
to no
ln Arch atreet 7. Vn
to coo
i'S.oIJii
1KHT Arch atreet
2n n ti
lmin Arch street 23,000
1011-11 Arch street .17,fJOO
?r.noo
(City paid $70,000 August 1.3
101.3 Arch street lR.orw)
lt'.l7 Arch street 1P..T0
W1K-2I Arch street .. .12 Mn
1(12-1 Arch street 22 000
HS23 Arch street 20.fif.i
1037 Arch etreet tsrio
10 Arch street 21, .TO
1011.)
2,i mv
21.KIO
in im i
.'IC Wj)
."'( IKK I
:iN)0
33,OW
urn to l'jr,, Aren street In-
elusive. Bell Telenhone
ompany '.". .V)0
ITO.ono
(The lirKe hulldlntc of tho Dell Telephone
( otnrnnv Is now Kolnir up)
Jt will be Fcen that wherever the prop
erty was to bn entirely taken assessments
remained stationary. The plan of ad
vancing them and tho various ratios
3how a wonderful mental attitude on the
part of the assessors.
THE SOUTHEAST CORKER.
The southeast corner of 15th nnd Arch
street fXos 142S-30) on a larse double
lot 40.6 by 130. assessed at $100,000, is held
by the Pennsylvania Company for In
surances on LJves and Granting Annuities,
trustee for ostitto of JIary J Miles. Under
the provision of her will this property
could not be sold unless to the city of
Philadelphia. The Income being; willed,
the property has not been profitable, and
tho taking by the city would be a tedious
proceeding:, the trustees not being willing
to sen ror iu per cent over the assessed
value, as offered by the city. Three
small one-story stores have been built
upon the unoccupied part of the lot.
fronting on 15th street. They are held
at a rental of $1000 per annum, one be
ing occupied.
The Board of Education, owners, of Nos.
1519-21-J3 Arch street, aro uniting with
the owner of the Plaza Building to have
Appletree street opened through to 15th,
to givo a satisfactory back outlet to their
properties There Is not much doubt that
this will be done. It will also be a gen
eral public Improvement.
The section under consideration has had
a great deal to hold it back in the last
six or seven years, but the taking up of
such a large part in the Parkway and
the buing of realty by the Pennsylvania
Railroad Company has decreased the
floating supply
There are a lot of very energetic men
In the locality They realize only too
well that Arch street U one of the big
central streets, and Parkway or no Park
way, It Is bound to go ahead. Tho plot
ting of It so much In advanc.of the tak
ing was a hardship and drove a good
many buyers to other localities.
LESSOR.
ALL EX-OFFICERS MUST
SERVE KAISER, SAYS REPORT
Evert Primary School Teachers In
cluded, PetrogTad Hears.
LONDON. Oct. 12
A Reuter dispatch from Petrograd says
it ts learned from a semi-official source
that, owing to the heavy losses of of
ficers In the German army, all the non.
commissioned officers who have ever been
In the army are ordered to join the colors
at once, Irrespective of age
Retired officers are also being called out
for active service Teachers In the primary
schools, who have hitherto been exempt,
are now being compelled to go to the
front
STABBED IN A FIGHT
As a result of an argument over the
respective merits of the Austrlans and
Italians, Steve St a key, vO- mes from
the first-named country, 11F , the Cooper
Hospital In Camden in uj tlcal condi
tion from 4 knife wMUid n te abdomen,
taid to have been 1 cted . Patsy Bug.
ler, an Italian
The men are employed on the Peacock
Dahlia, Trm. in Berlin township. New
Jersey They wer -tting flowers In the
fields when the a ent started, but no
blows were struck
that the Italians
whereupon, tt is al
him with the knife
Bugler Is being h,
await the result ot t
by Stakey
Stakey remarked
not wurth a .
Bugler attacked
'tbout bail to
-U3 sustained
13, 1914.
PHILADELPHIA MARKETS
GRAIN AND FLOOR
WHEAT. rteeelpt, S17.340 hush The
market was 'Ac higher under bullish specu
lation In th Wen and ft fair demand for ex
port quotation Car lou, In export elevator:
No 2 red, pot nnd October. l 001481 on'6,
No 2 red. Western. (lilOWftl 13i. No 1
Northern Duluth $1 1(1Vj1 IbU.
COHN Receipts. 1170 buih. Trade quiet,
but prices ileady Quotations Car lots for
local trade, as to location No 2 jellow, 810
81M . steamer yellow, cOHftlc
OATfi Receipts, 13,087 buah . Prices
steadily held, hut demand light Quotation!.
No 5 white. MAiime . standnrd white, M)8
SOHe No ,1 whltr, lHWJBOr
FLO I'll ReeelptF, 122S bbls.. 2,fiir,.80
Iba. In sacks Trade alow and values largely
nominal Quotations per 196 Iba In wood
Winter clear, fl flOQJ "3. do. straight flliotf
8 lfl. do., patent, $2'.fKSCQ. Kansas, straight,
Juto tacks, ?" lo-fts 3",, do patent. Jute facts.
5 40ff-, ra, spring, first clear It TStt''. do.,
straight. 1 W3f, 40, do., patent $' lO-US 7.,
do , favorite brands. JflW! 10, clt mills, cholec
and fancj patent, tnign.w city mills rcgulir
grade Winter, clear, $4 riff-t 8", do , straight,
l.liO0(i IS. do., patent, IS 21r,.C0
HVB rLOt'lt. Quiet, but steady We
quotu nearby nnd Western In woo.1 at jvsjn.'W.
PROVISIONS
Trad nulet and the market unchanged ritv
beef, m sen. smoked and alr-drled. .10-iJ.tlr ,
Vvcstern beef. In acts, smoked, 305111c : cltj
beef, knuckles and tendera, smoked and air
dried. 3HST:i2c Western beef, knuckls and
tenders, smoked, .tlsi.ttc , beef hams. $3&4M
pork, family. S2Q2a no, hams, B P cure!
loose, HislSc, do. skinned, loose, 14Hti
15c , do , do , smoked, lfifJIS'ic . other hams,
smoked, city cured, aa to brand and average,
lBHfll'c , Kama, smoked. Western cured, ViU
tic do, boiled, boneless, 23B-24c . plrnir
shoulders, S r, cured, loose, 1l4?l2r . i.,
emoked. 13H?I4c., bellies. In pickle, acenra
ing to average. loo. lOlMV" breakfast hn
con. as to brand and average, ft cured. 2it
21c . breakfast bacon Western cured 20I?21r ,
lard. Western, refined, tierces loi;wllc . do .
do., do., tuhs, tirViQUr . lard, pure clt, ket
tle rendered. In tierces. 10v,gtfc lard, pur
clt), kettle- rendered, In tubs, llffll'ic.
REFINED SUGARS
Dull and lower standard granulated fi.Wc .
nn granulated, tl21c., pondered, O 'trie con
fectioners' A, fl.l.V . soft grades. 3 tOtfOc.
FRESH FRUITS
Choice stock In fair request and steady. Ap
ples, per bbl Jonathan, flan V), Gravcnstcln,
2.2.r.t.t , Blush 12 2.393. Twentv -ounc. J1.7.-.W
2.60, Pippin, II 7.132. other good eating va
rieties, il 7.".52 'fl. medium, $ll.."0, crab,
ttofig.-,, crab appleH. per bushel hasket U SOtf
1 ,u, apples, Delaware and pennsvlvanla. pr
hamper, .'HMf.Wr Quinces, per hbl . n'KS.sn.
Lemons, per bov $134. Grapefruit. Florida,
per irate, J2 3034 VI Plneapplet per crat-.-Porto
Ulco, SI 2.37W 2.3. Florida, J102 V) Cran
berries, rape Cod. Earlj Black, per hbl , J4..Vi
3.3. cranberries, Cape Cod, Early Black, per
crate, Jl 738'2, cranberries, Jersey, per crate
Dark II 7S2 23 light, iliffl 2.3. Peaches.
Virginia, per 20-lb basket, 40fJ7V. , do. du..
per crat. jvai 75. do , Delaware and Mary
land, per basket, 4357M)c do, do., per cr,itc,
$11 7.3, peaches. New York and I'enniij Ivanla.
per basket Large white or yellow, U)e fill
medium, 40JJ"'"e , peaches, Jersv, white m
ellow per Vbasket Kxtra large. 7V JJI.23
medium. 2n?HOe. F'ears, New York, per hbl -
Seckol, 34 WM70. Bartlett No. I, fi3 30 m
No. 2, )2.r.ivj1, Heurr Bosc f4rt.3.3. Phldon
4S5. Beurre rialrgeau, 2r,0!3O, Betirre
RAPS POLITICAL CONTROL
OF AMERICAN RAILROADS
Southern Railway Head Sees Disaster
Unless it Shall be Eliminated.
At the annual meeting today in Rich
mond, Va.. of stockholders of the South
ern Railway Company, Fairfax Harrison,
president of the road, took occasion. In
his annual report, to denounce the prac
tice of making railroads of tho country
a factor In American politics
It can hardly be expected, he pointed
out, that the operation of any American
railroad shall be again on a normal basis,
unless there shn.ll bo entirely wiped out
the tendency to inject politica Into its
operation.
"The slackening in the general volume
of business done in the United State?.
vv hlch has been so marked during the
P3ft year." said President Hanlson.
whs if-u mat of all In the South, but
had become part of the problem of man
aitement of this company with the open
ing of the calendar year 1314. The high
level of expenso of operation Is main
tained not so much by anv natural eco-
nomic
tlon i
IdW, not bj anv deliberate lnten-
ne-glect ot management, us by
general soclnl
tendencies which nr in
.substantial measure
abnormal and be-
ond the control of management.
"It can hardly be expected that the
operation of an American railroad shall
be again on a normal basis unless and
until the question of the railroads shall
cease to be a factor in American politics.
To state this fact Is but to repeat the
statement of the contemporary plight qf
the railroads, which has been so fre
quently urged upon the American public
In recent years. It is mentioned here
sltnplv to Illustrate its applitatlon to the
fortunes of the Southern Railway Corn
pans. "
LOCAL BANK STATEMENT
Reserve Decreased $3,080,000
in
Week; I.oans Larger.
For the first time in four weeks the
reserve of the members of the Philadel
phia Clearing Housa Association de
creased In the week ending today, as
compared with last week, the decrease
being $3,90,o0 Loans advanced :i3,000,
and individual deposits fell off 33,213 lYX)
and bank deposits were Jl.SH.OOO smaller '
Figures for this week compare with
corresponding week of last jear as
follows:
Oct u 14, Oct. n n
?I01 ,1(12,000 4V1SI fit.'Vl
Loins
Dtposits (nd ) .
Clr ulatlon
Due from banks
Dep of banks
Ex Clear. House
Reserve
. wui,uu,riO 2 ,4.tV19 (K
1 I 200,0011
4.7 COO
. 51.U40WV
. 122.27n.eOO
. 11.017.(V
a 0.04 a o
lib 0t.fl fll
H. 270.100
H 22A.ii
M.(ltU0O
JJtserve reqjlred
'w-plua
"Plu
MllMXHl
.surplus October 1. mil. a $fl 222.500 Oc
tober 10, tOlO. J9.6WNiO. October 11. 11 II .
6ia.5(V).
CALL FOR GOLD FUND
Tool Operative nd Shipments of
Subscriptions to New York Urged.
NEW YORK. Oct. 13 -Chairman Alfred
H. Wiggin. of the Gold Fund Commit
tee, announced today that the plan of
the 00,0tt,000 gold fund for the relief of
the foreign exchange situation has been
declared operative, and that a call has
been sent to the Clearing House com
mittees in cities which hae agreed to
become a part to the pool, that the
first Installment of 36 per cent, be for
warded to the Gold Fund Committee in
New Tork.
It was said in this city this afternoon
that the call for Philadelphia's contrlbu.
tlon has not yet been received There is
now m the vaults of the Clearing House
2,000,600, deposited last week, which ts
26 per cent ot the JS.O00,000 this city will
subscribe to the pool As soon as word
Is received calling for the money it will
be shipped immediately.
Big Dairy Show at Modesto, Cal,
MODESTO. Cal , uct. 11 -In connection
with the Joint meeting of the California
Creamery Operators' and the California
Dairymen's Associations there opened
here today one of the biggest dairy and
stock ehows held In the Far West. The
creamery and dairymen's meetings will
continue today and tomorrow. The show
will last two days longer.
Bankers at Tea and Concert
RICHMOND. Va Oct H -Banker at
tending the convention of the American
Bankers Association, acourapaniert by
their wives and daughters, werf quests
today at a tea and muIcal A-ma tilutk,
Scottl and Zlmballst were amonir th
aruata engaged fur an entertainment at I
the auditorium tonight
13
d'AnJw. 2.2333.25i Duchess. $2.2Sft3,23j ITorr
ell 2j2.v. other varieties, I2&3: .pri,
Bartlett or Seckel, per bushel basket, $1 2B2.
Orates Nevv York- C'onconl, per s-lb. basket,
13313c . do, per 4-lb. basket, 8S1e.; Nlaiara,
per 4 lb hasket 8f10c. , Delawares, per 4-lb.
hasket 12J13o , grapfis, Concord, per crate,
40flV)c , do., do per 20-lb. basket, flMWOc.!
riums pr 8-lb basket, inqisr. Cantaloupes,
Colorado, per crate, 1131.50, do., do. flats,
one fifI. watermelons, Jersey, rr 100, $10
5" POULTRY
flRKSSRI). Fine deslrahte-slsed Steele
told fairly and ruled firm Quotations. Freah
killed poultrv Selected, heavy, 21c , welghlnst
4Yi1SC, lbs. apiece,, 20C do., 4 lbs, apiece,
lOVic ; do . .1H lbs. apiece, ltH4fll7je.: do., .1
lbs nnd under, IfitflRc , old roosters, dry pick
ed. 13'ji- broiling chickens, nearby, welghln
IVjIT'J lbs. apiece, 20022c, do., nearby, fair
to good, lf!1Jlc , rhlckcns. Western, 4 lbs. Rnd
over apkee, He , do, do, 314 lbe. apiece, fat.
IftUlflC, 10 , tin , ii'il.l IDS. apiece, i.iic i
broiling chicken'. Western, 1'4'82 lbs apiece,
17c, do. fnlr to good 12ll4c . squabs, per
dos White, weighing 11 to 12 lbs. per do..
V, nsg-l 23. white, weighing- 0 to 10 lbs. per
,lo., 12 7Sgi CO white weighing 8 Iba per
ant , 2 2.32.40. dn , do , 7 lbs per doz II. iff
fi2. do , do , OftfliA lbs per dox., !L2.V9t.SUr
dark and No 2. Mr 311.10
MB.--Trod stow and market generallf
lower under fairly liberal offerings QuoU
tlms fowls, 14l5r exceptional lots higher)
old roosters, ll12c. spring chickens, accord
ing to oualltv WJfl.'c . exceptional lots higher!
dveks 115114c , geese, llglic guineas young,
weighing 2 lbs. nnd over apiece per pair, 70CJ
do , weighing l4ty!3, lbs apiece per pair 00O
n.3c. , do, weighing1 1 lb apiece per pair, BOc.J
old. per pair. Me plxenns, per pair, ISfftSc
DAIRY PRODUCTS
CM KESK. There was little trading and
the market weak nnd lower. Quotatlona Ncef
York, full-cream choice, jr.Vie . do, do. fair
to good 14Vfil3r , do. part skims, Mfllc
IHTTKH - Buver operating only for ac
tual wantp, hut demand sufficient to absorb
all fancy stork at full figures. Quotations:
Western frefh. solid-packed creamery, fancy,
specials, 'l"c . extra, tie , extra flrstn. 2n$i
fjj.'ltir , firsts JRW;J0c , seconds. 20(?27e t
ladle packed 21tfT26c, as to quality nearby
prints, fancy, .He . do . average extra, .'I2tf$
,1.1c , do, firstH, 2f? Ilr , do, seconds 27(is
2V .Special fancy brands of prints Jobbing
at 3Sr4iic
EfiOS Fine new-laid eggs well cleaned
up and firm. Quotations, In free cases,
nearby extras .'lie per dor., nearby firsts.
f s 4u per stnnoari 'art. nearpy
celntt ?7 ,30fl;7 80 ner standard
current re-
per etandard case, West-
em extra, firsia ?i 4o pr case, ao nrsts,
$7 30ffl7n0 per case, do, seconds, ja.BOQfiOO
pr cae- Candled nnd recratcd fresh eggs
were jobbed out at 3037c. per do , aa t
qualltj
VEGETABLES
Dull and barelv steady White potatoes, per
bushel Pennsylvania. I10i3fi.1c, New York. 50
fJ3.3c . white potatoes. Jersey, per basket, 35W
43c , aweev potatoes Eastern Shore, per bbl
No 1 $17.332 13. No. 2, 75c ail. aweet pota
toes North (.arollna per bbl. No 1 $17.34?
2 No 2 7Vfrtl. sweets, Jersev . per bbl
No I. IJ 3ti2 T3. No 2. $1,303175. iwects,
Jersev, per basket. 4"flOc Onions, per bush,
40?MV .in . choice n-r 100-lb. bag $1, rin ,
m'dlum, rer KXMb bag 7.V3DOc. Cabbage,
domeKiir pr rn $1111- reiry. New York,
no, nunrn iinj w jiusfirooms, per 4-lb. has-
nf-i.
$1 4('al rut
BANK HERE URGES
SHUT-DOWN OF RAW
MATERIAL EXPORTS
Franklin National Says Eu- J
rope Will Buy Finished "'
Products and Thus Will ';
Cotton Crop be Saved.
Emphasizing the fact that Europe $?'"'
buy American cotton and woolen fabrics
and flour Just os readily as It has hereto
fore bought American cotton and raw
wool and uhpat. tho Fmnbii,. vt i r
Bank, cf this city, mges the financing -,,
of cotton and wool manufacture more ex
tensively in the North, so that there Z
might be discontinued ns rapidly as pos
sible Jhf export of raw materials
It points out there is no reason why
American raw materials should not ba
turned into finished products here and
then shipped abroad. As a matter of
fact, the bank officials Insist, America,
can use the entire output of American -cotton
and woolen mills If the latter
would increase their output by 100 per
cent., without the necessity of having to
export a single j ard of fabric. This con
version, through money now on hand in
the North, says the bank, would heir,
materiallj in saving the 15,000,000 bale
crop of cotton new In the hands of South
ern growers and on the verge of being;
thrown into the market at a less.
The bank todty Issued its financial re
view for the third quarter of 1111. It
spaks optlmistlcallv of the situation ana
tho outlooic. Incidentally, it counsels
American manufacturer to "go slow"
with their South American trade expan
sion plans and emphasizes tho fact that
the real big opportunity for them is tight
In thoir own country.
"The farmer of the north," saj tha
bank s review, "are finding a quick
market at high prices for their crops and
with this crop mone in hand, It ouglit to
be possible to finance cotton nnd wool
manufacture and thus assist the South in
unloading its ISAO.cno half crop of tot
ton and convert our present supplv of
raw wool into finished products Th
time ts opportune to work towards tha
manufacture of the bulk of our raw ma
terials and discontinue as rapidly as pos
sihle the export of raw materials Europe
will buy our cotton and woolen fabrics
and our flour Just as readil) as she has
heretofore bought our raw cotton and
rtw wool and our wheat Considering"
the factorv product per employe, labor
cost in the cotton and woolen mills in
this countr is about the same today aa
tn moat European cnuntries, and Just at
the present time the are unable to get
sumeient labor at any price or to operate
me laoor ir tney nan tt
' If tr.e rotton and woolen mills of
America increase their output 100 per
cent , America can use the entire product
w.thout the exporting of a sinKle ard of
fabric There is a tremendous opportu
nity for American manufacturers just
now in tneir own .countrv, and the South
American trade should be approached
with great caution Capital is being with
drawn from South America by the men
who put it thero because it Is now needed
tn Europe and credit conditions in Snmrt
America arc exceedingly bad. It would
seem a wise policy to extend our bus
inesses with our own poople and within
the borders of our own country where w
are lhoroushl famtlur with the situa
tion "
BETTER BUSINESS OUTLOOK
Bankers in Convention Believe De
pression Is Disappearing:.
RICHMOND Va Oct 11 -Members of
tbe American Bankets Anoclattcn,
gathered herp todaj for the annual con
vention, regard the business outlook aa
most encouraging, and believe that the
financial depression due to the war Is
disappearing
Cotton planters are urged to diversify
their crops b raising grain, beef. hogs,
cattle and sheep, so that they will not
have to depend on any one product as a.
montv ' crop
arnui Utlon relating to the oank
ing uuintM in this country mrp re
fer ed in different committee The sav
ings banks and trust companies sections
nave m meetings in progress The a
wsl business sessions began this after.
,.- ..
.;X
!
A