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jjKH? tttVnK (? EVENING LBPaBB-PHILADHEPHIA, TUESDAY, OOTOBEEJO, 1914. ' 13 ii FINANCIAL AND COMMERCIAL SITUATION AT HOME AND ABRQAD-MARKET REPORTS RATE CASE DECISION LIKELY TO AFFECT 'CHANGE REOPENING Wall Street Believes Com merce Commission's Find ings Will Be Important Factor Money Market Easier. The street was In another despondent mood today, although there -was no rea son why sentiment should be more de pressed on one dny than another as long s business Is suspended. Brokers continued to talk of the volume ct business transacted over the counter ty various banks, but thoro docs not scorn to be inv way In which this trading can he prevented, although knowledge of the banking transactions makes members of the board uneasy, and various groups gather on the floor to exchango views and endeavor to decide on somo action tti&t will enable them soon to obtain. commissions. Dealings in one-year obligations which are not restricted by Stock Exchango reg ulations continues In good volume at fair prices. Pennsylvania 3Hs aro wanted on a M5 per cent, basis cannot bo obught under OS. QOOO BOND DEMAND. Thero was a good demand for Canadian Pacific 6s nt 10114 bid. Amalgamated notes were 99t4 bid, and Daltlmoro and Ohio notes, duo Juno 1, wcro auotor at JS to 9SH. Good bonds can also find a market nt under n, 6 per cent basis for he long time Issues. The money market Is working easier, with some loans of call money at 6 per cent, and offers of time money nt 6 per cent, although the ruling rates remain unchanged. Further weakness was shown today In sterling oxchango, with demand down to f 1.96)1, and cables at ?4.97, In splto of a brisk demand, the supply coming from all sections of tho country. Rclchsmarks aP'l Kiillilrrs were also weak. The hearing on the application for In creased freight rates by tho Eastern rail roads Is attracting Increased attention be cause of tho general belief that tho de cision of the Commission will enter largely Into any proposition for reopen ing of tho Stock Exchange. EFFECT OF RATE DECISION'. INSURANCE BROKERS SAY FIRE RATES MAY GO UP As the Hesult of Board of Trade's In vestigation of City's Engines. Higher fire Insurance rates In tho city, In tho opinion of Insurance brokers, may follow the finding of Imperfect fire ap paratus by the Board of Trade's special commltteer to Investigate fire department conditions. Although no action has been taken and none can be predicted with certainty, a general feeling of dlssatls f Actl6n prevails on account of the report that 60 per cent, of the Are department's engines are obsolete and 40 per cent, of tho hose defeotlve. Robert M. Covin, a mtmhur nf the. Flrn Vnderwrlters Association, said that tho association had riot yet' considered tho leport, but that Insuranca brokers had for a long time suspected that protec tion from a great firo was not of tho best. President E. C. Irvln, of the Flro As sociation, refused to comment, saying that politics was at tho bottom of tho flro department's defectiveness. "I'll sny one thing, though," he said, "If tho fires continue tho rates will go up. Wo can't sell our goods below cost." "No one can say yet what effect tho committee's report will have," said George E. "Wagner, another broker. "The rates wilt not go up Immediately though." Tho report of tho committee, which was read before tho Board of Trada yes terday, mado revelations which were characterized as startling. That Phila delphia has been lucky In escaping a big flro such as those which devastated Salem and Baltimore, was Included afnong the committee's findings. WESTERN RAILROADS FILE TARIFFS FOR RATE INCREASES WHEATFIRMERWITH BETTER CABLES AND BIG EXPORT SALES Yesterday Was a Banner Day for Exports in All Markets of the United States. Michigan Commission Per mits 5 Per Cent. Advance and Roads Appeal to Mis souri and Illinois. While tho Enstorn railroads nro pre senting testimony betoro tho Interstate Commerce Commission In support of their application for an Increase In freight rates, virtually all railroads In the State of Illinois havo announced their Inten tion of advancing freight rates within 1 inc oounaanen 01 me Binio o per cent.. Tho question. In Wall street's vlow, has offecttve November 16. The Michigan Rail- CHICAaO, Oct. 9). Wheat opened firm er today on better cables and largo ex port talcs. Yesterday was n banner day for exports In all markets of the United States, espe cially at Chicago. Scattered commission houses bought May liberally. In tho meanwhile thero was free and persistent selling of December and May and the market reacted. Trade was In fair volume. Bullish sentiment was tempered at Liverpool to some extent by tho refusal of millers to follow tho ndvance In American nnd Canadian offers and on good rains In Australia and favorable reports from Argentina. It was reported Italy was again In tho market for considerable- wheat and flour as a result of tho reduction In tho Import duties. Paris reports wheat nnd flour for mili tary uso aro arriving freely at all ports. Wheat Is scarce In Hungary. Corn started higher on light offerings, but reacted with wheat and on somo local selling. Prices at Buenos Aires were strong on unfavorablo weathor. This caused steadiness at Liverpool. Oats opened stronger, but also reacted on profll-tttklng sains by yesterday's buy ers and on somo hedging by cash con cerns. Liverpool Is showing more Inter est In foreign oats and buyers abroad appear to bo willing to follow an upward movement. Prospects nro for a good Ar gentina yield, Loading futures ranged as follows: Yesioraars Wheal Open. December 1.10 May 1.22 corn (new ueiivoryj December w4 May 71H, Oats December BOH May ,3',(, i.nrn October 10.40 .... November 10.2B lono January 0.00 0.05 ltlbs- Octobcr January 0.70 0.75 Pork. January IS nn 10.00 Hid. tAnkeil. J.N'omlnal. Ith. T.nw. class. 1.111 1.10J4 t.lBM 1.22 1.20U 1.22(J IMS "7 tW4 71 S 70?! 703 CONFERENCE BEGINS ON FEDERAL RESERVE BANKS Plans for Operation Discussed by TJ. S, Board nnd Directors. WASHINGTON, Oct. 20.-Ways and menns of operation for tho new Federal reservo bank system today were dis cussed nt tho opening of the convention of directors of Classes A, B and C of tho Federal resorvo banks, who gnthcred hero In the first meeting of the representatives of the now system from all parts of the country. , Secretary of tho Treasury McAdoo de livered tho address of welcome. Ho pointed out to tho directors tho Impor tance of the conference. Governor Hamlin, of the Federal Re serve Board, followed the Secretary, giv ing tho directors an outline of the work tho board already has done and Its plans for getting tho new system under way. Following a general discussion, In which many of tho directors expressed their Views as to how tho board should pro ceed to put tho banks In actual opera tion, committees were appointed. A spe cial feature of tho banking business was assigned to each committee, which Is expected to prepare suggestions upon It for submission to tho conference Tho conference will last three days. PORT OF PHILADELPHIA 0:13 p.m. 2:20 p.m. 0:4!) p.m. Sun nnd Tides Bun rises.... 0:15 a.m I Bun Bets PHILADELPHIA. Hlirh water. 2:02 a.m. I High water. Low water.. 0:11a.m. Low wator.. 11EEDY ISLAND. IJlBh water.llil'in.m. I High water. 11:37 p.m. Low water.. 8:29 a.m. I Low wator.. 0.00 p.m. BREAKWATER. High water. R:H4a.m. I High water. H.01 p.m. Low water.. 2:0.1 a.m. I Low water.. 2:44 p.m. URGE GOVERNMENT REGULATION OF NEW YORK STOCK MARKET Senators Poindexter and Shaffroth and George W. Perkins Say Exchange Su pervision Is a Necessity. PHILADELPHIA MARKETS GRAIN AND FLOOR R0.B44 bush. Tha he lata advance. Demand WHEAT Receipts Alr. mlrtmA A. 4ht I tJk flrlVAn moderate. Quotations: or lota, in eypor' ..' Vessels Arriving Today Str. Dnglcd (Nor.), New York, ballast, W. J. Orandneld & Co. Str. Anthony Groves, Daltlmoro, passengers and merchandise, Ericsson Line. 40 t.0 B2H 'M!! .... tio.w ln.'JS 10.30 0.00 0.05 .... U1.00 0.70 0.73 18.C0 18.03 now become one of general welfare in stead nf a controversy between carriers and shippers. Foreign bankers attach morn Importance to tho prospects of this decision than they do to the matter of foreign credits or banking developments, as they bellevo It will determine the divi dend outlook of several Independent systmr, for years to come. Another call for J5,000,(XM has been made on subscriptions to the New York city loan. This Is payable on Thursday, and Is expected to be followed by further exports of gold to Canada. The bonk position has hecomo so strong, however, thnt the payment will not have a material effect on the resources of the local banks or disturb the financial situation hero bythe (lightest oxtont. FINANCIAL BRIEFS As a result of tho Colorado coal strike the Colorado Fuel and Iron Company has passed Its anminl dividend. At irregular Intervals, the company has been paying dividends on Its preferred stock. The last was 4 per cent. In January of this year. Wilson Woolppcr, of Woelpper, Craw ford & Co., has been elected to membor ihip in thi Philadelphia Stock Kxchango. The Suhtreasury In this city has is sued J2i0,if0 nddltlonnl emergency cur rency. Tho total amount Issued to date Is J11.I9S.3ID. W. Gardner Crowell has been elected second vice president of tho Pennsylvania Flro Insurnneo Company. The Assets Realization Company, on October so. will pay 5 per cent, of tho viilicinni and rilll internet nn K rua,- ....... gold notes outstanding under tho trust agreement with the Guaranty TniBt Com pany, upon presentation of tho notes to the Guaranty Trust Company, New York: Frst National Rank, Chicago, and the Olrard Trust Company of this city. The Governing Committee of tho Mon treal Stock Exchange will permit trad ing In securities for cash at prices which It will Bpeclfy. The Great Northern Railway Company has applied to tho New York Stock Ex change to list $19,000,000 additional pro , ferred capital stock. MUue "umnln. in the United States . ul.t -Court of Appeals here, today named former Judge Gray as un umpire to decide unsettled grievances resulting from the anthracite strike In this State several years ago. There are about 15 nC. JBr,.evan,M left undecided by the Board of Conciliation. More than J12.000.000 of the $100,000,000 Bow fu,,,! subscribed by the banks of ei,CUn,ry fn,r ,hf ree' of "e foreign fhfx"M,market ,ms bee" deposited in the New York Knhtr..0,,.. ... ., ' Wlttee appointed by the Federal Reserve Hoard to collect It. latr.nM f 0e"antown Avenue Dank ,X tllat ""other 25 per cent, dlvl dav2,r'.' b. le, In the next 15 w. ,. mUi8 l,eno8ltora n the 1200.000 that "s doors aubS? M. Whe" th9 ba"k ClSca BRAZIL'S FINANCES Rothschilds Will Issue 15,000,000 in 5 Per Cent. Bonds. rnSSSNA Ct'. :0-The B"Un Gov PUMU flnaneine I"8" has been made three v. Government will fund for "t ."; rom Ausust ' mi-the republic e"tlre XterniU debt of the tcMu? .t'!1son,u have been authorized "S?t notP ""-V ,Um,,nK bonds ,n an wia char excced,n mooo.ouo as a tec cover an ?h oncusta""- The scheme will SinkC ?h? mlnor Payments. loan."8 ftml ,he Ademption pwuoo 15 are t0 be MPIea for a bonds ara , yar"- rixe w funding " cent i?n r,edeemal,le hy a half nully from ,?funa aPf",'d eml-an-k Bem, U.ly 31' The new bnds will 'U dVfauVJ Un" UaUed W,"ch D CK ISLAND DEPOSITS with th.f c.k 'I""11 ""lateral trust 'We.OOO t.? V ?lecllve committee total outi?'t out of ,he K1.3M.O30 S00 dC tl w. 'lS 'n'udlng the $7,000. "4ud v J1UU, th alUed committee in ''ved dDo.i rd,ay.. J'18 mmitte re WlUln tZ la ot '.l-. making de W this country of $2,733,000. road Commission has granted tho rail roads of that State an advance of 5 per cent. In class freight rates, nnd the Pub lic Service Commission of Missouri has before' It an application of the railroads In the Stnto of Missouri for authority to Increase freight, passenger and excess basgato rates. Tho new freight rates of tho railroads of Illinois will go Into effect unless tho Public Utilities Commission of that State sets It aside. Shippers will fight tho now rates. The Railroad Commission of Michigan had tentatlvo figures compiled, and, It is understood, had determined to Issue an order for the Incrcaso of 5 per cent., but desired to give the railroads and shippers and opportunity to express their opinions, which were heard at a hearing before the commission yesterday, resulting In tho increase. MORE THAN 5 PEIt CENT. Tho figures compiled by tho commission show that Detroit Is hit hardor than any oiner cuy, yei me commission's proposed incrcaso is lower than tho roads specified, 5 per cent., but the largest Increases wore at points where the tonnage was heaviest, and smallest where the tonnage waa light est, thereby giving tho railroads con siderably more than an average of 5 per cent. The Public Service Commission of Mis souri yesterday, upon the application of attorneys of the railroads, postponed tho date on which tho commission will tako up tho requost of tho roads for Increases In freight, passenger and excess baggage rates from October 27 to December 1. The postponement was granted after tho railroads' attorneys said that they would be unable to compile, the necessary data by October 27. In support of their application, rail road executives conferred with Governor Mnjor, of Missouri, in Jefferson City. President Dush, of tho Missouri Pacific, told the Governor that in tho year end ing June SO tho Missouri ' Pacific, the Wabash, tho St. Louis Southwestern, the Chicago, Itock Island and Pacific, and the Missouri, ICnnsas and Texas had each lost from $1,000,000 to $3,500,000. WAU A FACTOIt. It was pointed out that; when the Euro pean war began tho strain on tho rail roads was almost at a breaking point, and the war had destroyed credit, Tho two-cent passenger law, now In effect In Missouri, was nttacked. Governor Major said that he would give the argument consideration. The Ann Arbor Railroad h.-iB applied for nn Injunction In the United States District Court at Detroit to prevent the Attorney General of Michigan nnd the members of the State Tax Commission of that State from Interfering with the railroad In case It raises passenger rates from two to three cents a mile. FOREIGN TRADE INQUIRIES Addresses of foreign Importers making the Inquiries may bo obtained from tho Bureau of Foreign and Domestic Com merce, Department of Commerce, Wash ington, D. C, or Itssbranch offices. In quiry number must be mentioned. No. 14030. Drugs and chemical products. An American consular olllcer In Europo reports that a firm in his district Is urgently In need ot drugs and chemical products No. 14031, Electrical supplies. A scientific company in tho East Indies has advised nn American consular officer that It wishes to be placed in communication with American manufnpturers of carbon In blocks, slabs and brushes for electrical brushes, primary batteries, etc. No. 14032. Hardware. An American consular officer In southern Europe re ports that a dealer In lumber, hardware, and colTeo grinding mills desires to buy from American manufacturers. No. 14033. Paper, rubber, tubes, sponges, etc. An American consular of ficer In Europo reports that a firm han dling paper of nil kinds, rubber tubes, sponges and rubber mats desires to net as agent for American manufacturers. No. 14034. Waterproof canvas. A firm In tho East Indies has ndvlsed an Ameri can consular officer that it desires to placo a large ordor for American water proof canvas. Tho firm explains that It will require a very large quantity of this canvas. Sailing Today Str. CnlilorKrovo (Iir.), McMillan. Auckland, Napier, Wellington, Lyttleton, Tlmaru urni Dundfn. Joseph C. Oalirlet. Str. EcJa (Nor.), a. Jerdlng, Havana, Mun son Steamship Line. Str. Invergyle (Ur.), llorsourgh, Portland, Me.. Charles N. Taylor's Son:. Str. Dakotnn, Dow, Now York, W. E. Hogar & Co, Htr. cuynhosa (Dr.), Oray, Avonmouth, Jo- :. uanrioi. Cairtanil (Nor.V Fnvn. Manzanllla, Cuba, licmrlnd-whlto Coal Mining seph C. Gabriel. (sir. Cnglnnd (Nor.), royn, Celba. Hueca, Comtmnv. Str. Carolyn. Blair, New York, Luckonbach Steamship company. sir. urecian, j-oBe, jioston, .ticrcnanu ona more, Ericsson Htr. Georno S. Warren, nose. Portland. Me.. master. Miners' Transportation Company, Str. Ericsson, MoNamce, Iialtlr i.i no. Steamships to Arrive PASSENOISn. Name. From. Ancona Palermo .... FREIGHT. Mlssourlan Hllo Sept. Hespcros llombay Oct. Caprera Oran Oct. Klruna Narvik Oct. Ituby Gibraltar Oct. Giuseppe Genoa Oct. Juno Plymouth Oct, Abrahamson Plymouth Oct. .Chrlstlanla ....Oct. Canton Date. Oct. 15 Noorcicrdyk Itotterdam Oct. 10 .uaiicuesier r.xcnange. .ivianenesicr ....Oct. 13 ArKO Trinidad Oct. btonford Immlnsrham ....Oct. 10 Matno London Oct. 17 Name. California Haverfod Ancona . Steamships to Leave PASSENGER. For. Copenhagen .. l .... Liverpool rtapies .... FREIGHT, Rapldan Lolth Manchester Mlllor Manchester Mackinaw ,. London . Crown Point London ... wf0npVn. Chrlstlanla West Point London ... Dato. .Oct. 22 .Oct. 24 .Nov. 2 ...Oct. 20 ....Oct. 24 ....Oct. 23 ....Oct. 2d , ...Oct. ....NOV. It RAILROAD EARNINGS NOTES OF THE RAIL The Chesapeake and Ohio Railroad has placed n supplementary order for 1000 tons or standard section rails, and several additional small orders nro pending for both heavy and light section. Tho Penn sylvania Railroad has put out an Inquiry for a small bridge. Tenders will be put out on about 500 tons bridge work for tho New Haven this week, and on November 2 bids will be taken out on 1500 tons of steel for a highway bridge at Port land, Mo., but It the tenders exceed the appropriation the contract may go over. T. A. Clarkson has been elected sec retary of tho Nashville, Chattanooga and St. Louis Railway. J. H. Ambrose, for merly secretary and treasurer, has been re-elected treasurer. The price of new Hocking Valley 6 per cent, notes to bo sold to bondholders under the exchange offer Is 99H, mak ing the yield basis 6ft per cent. The annual meeting of the Brie Rail road stockholders has been held and ad journed sine die. The special meeting called for today lias been postponed to October 27. This meeting Is to be held for the purpose of creutlng a blanket mortgage. WESTERN PACIFIC. Kill. Decrease. Bfcond week October.... $120,000 MU.r.m From July 1 1,042, n0 287.UK) DENVER AND RIO GRANDE. Second week September.. $IOS,iiO $.13,100 From July 1 '.XSi.VifiO 7.I7.F00 ST. LOUIS SOUTHWESTERN. Second neck October... $231,000 S17.0C0 From July 1 .1,221,.1C.l 5h7.4i:i ANN ARIJOIt. Third week September.. J.12.R75 'fO.lOl From July 1 502,001 11,0)7 TOLEDO, PEORIA AND WESTERN. Second week October.... f 23.1 17 J2,:i0 From July 1 8.V5.22.1 31,831 AURORA, ELGIN AND CHICAGO. July gross $210,701 "$2,000 Net 00,37:5 2.0SU Increase COLORADO SOUTHERN LINES. Soeond wcelt October. .. . $201,440 $ll,2nn From July 1 J, Oil, 100 420,017 Increase PORT OF NEW YORK Steamships Arriving Today J.T8' From. P - ?- iiutii'ru am n.. Usher London " 'A": i -tl. A Palled. Steamships Due Tomorrow Name. From Europa Nai'lcs Urltannla ...illortn .WW Steamships to Sail PUBLIC UTILITIES BANK CLEABINGS li&nk clearings today compare with corre liondlng day Iwt two years: 1UH. 1013. 1012. Philadelphia $2S,7S4,181 $32,717,310 f33.uua.4S3 Boston as.i0a.17l 33.&S2.23S 35.lwsi.V4 New York .. TOiVM.ms 1M.l24.SaT 4IS.177.1I0 Chicago .... 31,610.847 63.070.6S2 38,719. S.U NEW YORK BUTTER AND EQQS NEW YORK, Oct. 20. Butter Market ftrm- er; receipts. 13.761 paokajn. Creatcsry. extra. 32c: higher scoring. BSHc. Kgga-Markel arm: rclpts, 14,241 cases. Frash sxtra. firsts. SO&32c: fresh nm. 9Tft 28c. " October earnings of tho Philadelphia and Western Railway are reported to show ft good Incrense. For September gross Increased $3313 over tho samo month a year ngo. Oross earnings of 41 public utility com panies for August last showed an In crease of nearly 3 per cent, over tho cor responding period a year ago, and tho net was 10 per cent, greater, according to a compilation by tho Harris Trust nnd Savings Hank of Chicago. Following is the comparison: Oross earnings, $10,795, 610; Increase, $303,541. Net earnings, $!, 715.COJ, Increase, $423,781. Tho returns for July operations of the electrio utility Industry of tho Pacific nnd mountain States Indicate a better and firmer status than did tho Juno figures. Tho Juno blump was overcome to a, largo extent. Returns from six largo cities, representing over CO per cent, of the in. dustry, showed a 9.6 per cent. Increase compared with a S.l por cent. Increase for, June. On tho output side the Increase was 10.4 per cent. In July and 8.5 per cent. In Juno. Application bns been mnda to tho Bos ton Oaa and Klectrlo Light Commission for approval of a consolidation Agreement between tha Knst Huston (las Company and the Ilostmi Consolidated Gas Com pany, and for nn Issue of $149,000 of stock by the former concern. The pro ceeds ot tho stock are to be used for Improvements and betterments. Nama. Bercensrjord , . Sun Gugllelmo.. Madonna California lluitlo Olymplo Mauretanla .... For. .Bergen ... ..Naples ... Naples ... .Itordeaux .Liverpool ..Glasgow . ..Liverpool Sailed. Oct. 10 Oct. ij Date. ..Oct. 20 ..Oct. 20 ..Oct. 20 ..Oct. 20 ..Oct. 21 ..Oct. 21 ..Oct. 21 DIVIDENDS DECLARED Pullman ('oinuany. regular quarterly $2 a sharif. payable November 10 to stovk yf record Warwick Iron and Steel Company, rejiular semiannual .14 per it . payable November 14 to MOtfk of ntcinl Vt.br .'11 " " Olrard National Rank, regular semiannual s per cent.. wtxtMu November 2 to tock 5 record October 24. '"" ct Jersey Central, regular quarterly 2 per cent. Linseed " Oil Prices Cut NEW YORK. Oct. 30.-Th American Unseed Company bag reduced Its price of all grades of raw linseed oil 3 conu a gallon, and Is now quoting city brands at 4$ and ii ctuits and Western brands at 49 and 50 cents. The price of live-barrel remains unchanged, at 74 cents. Movements of Vessels Htr. United States (Pan.). v.w vnr, , Copenhagen, arrived at Cnrl.tlaTsaS' Oct" daln? pSMs SM' "" Str. Nnpoll (Ital.). New York for v.i.. pawed Gibraltar October 18 Naples. Yor'k: .wswr1' "v rlS.5 arerpl'Sct'ohrT, York' Sir. Mlnnetonka Mir ). from New York r. rived at London October 10 ' "r Str. Zyldyk (Dutch). Philadelphia for Rot. tenlnm. Passed Lizard October IS ' ' fitr. Ohlosn (Am.). Portland. Ore;.- for Phlla. at'Sot' S,.mttn Bouth Te'Jfo P&elph; Ms'rJTeteo1;0.? orve. llirhtshln at norm ntnhn. in u Jerraus Str. Perslnn (Am.) Philadelphia for Savin. nah. pssM Morrl. Island 7 p.' mT October 10 Str. Paraguay Ami nv,iin..iv,. l '""er. oJt'Xr lP""J Fe,nurck UUn W noon Str. Texas (Am.), Tort Arthur for Phlladel- Rrt"i7' V ml,ea "ou,h of '"Pltir.t noon Str. Alabama (Am.), Philadelphia for Mi cSr To" "" m"M nr,h f J"plt" " "S" Ptr. OuUIIkM (Am.), Philadelphia for prt OclXrr To"" north f Jupltcr ' """ r.fratC'a8nnAahrCy,'otirT3. Phl"1"". "' FREIGHTS AND CHARTERS Hates for steam tonnaee hid f,,r tr. e0 hleher as tho Inquiry for October and Novemtir loal; Ing Ini-reases. Quiet prevails In the sail m.J ket with the rales low and unsteady STEAMSHIPS. SlgurJ (Dan.). Daltlmoro to Scamllnivia ports, grain. 13,000 qusners. Km. NovCml,.r Sallna (Nor.), same, 12.1KTO quarters r Armuru (Spon ). Oulf to Oenoa, jrraln. 18 om quarters. 4s. 01.. November. "", t,iH) InKlemun (Hr.), same. KO.OOO quarters Conton (Hr ). same, 20,000 quarters ' nniin Marseilles. iuricrs, option 1-Vnncesco Clempa (Ital.), same. 2IOV) ,, ters. 4 7'41., November. -i.' quar- Tyr (Nor.). 1417 tins, transatlantic trai one round trip. fA7.V. October. raUe' AniAriMi iftor ). int tons, same S.V!&n Vestcrdyk (Dutch), loss tons. VlrelnLi i Montevideo, coal. l.i. M.. October. " ta Kpsiion (iutcni. -uia tons, same Prlmo (Ital . 2215 tons. Virginia to wt coast Italy, coal private terms prompt Adda (Ital.). 2170 tons, same, from nalnm Bnanuel Aeaim- (Ital.). 217R ton SJiinSf?' to Savcnna. coal, private terms, rronjot " Dasland (Nor) AM ton. Phlladelkbn lo Ssaua. coal, private terms, prornnt r"' ,0 Kdi (Nor.) Jflir. tons. Philadelphia to Ha vanna, coal, prlv-ato ternx. prompt m SCHOONKRS. Rllsha Atkins. H tons, Baltlroor to Bo. ton. cal. prltate terms. " 8o- Humarocfc. am tons. Sabine Pasa t0 0u.v oirui. P. It., lumber. $7 2. '" luay- Sylvla C. Hall. 2 fos. Jacksoavin. , Sound port, dry cypress. $5. nvill to Interests well versed In flnanco today expressed strongly their belief that be fore tho New York Btock Exchange shall bo formally reopened for actlvo trading soma scheme of regulation either Fed eral or Stato should bo adopted covering Its operations. Qcorgo W. Perkins, In New York, Is sued a statement In which he points out that, inasmuch as tho Stock Exchange la nn International market and n. necessity, It should bo regulated by law. Ho pre fers Federal regulation, but If this Is not to bo had ho advises State control. In Washington Senator Mllos Poindex ter declared that n tremendous opportu nity to Inspire the public with confidence and tako a step In tho direction of re storing normal financial conditions would bo for tho New York Btock Exchange to submit voluntarily to "some form of governmental regulation" before reopen ing. Whllo declaring It was highly destrablo that Bomo form of governmental regula tion should be imposed on tho exchange boforo reopening, Senator Shaffroth, one of tho Senators on the Banking Commlt teo who stood by Senator Owen In his efforts to havo passed last winter a bill for the regulation of stock exchanges, ndmltted today that there waa no lmme dlato prospect of national legislation. THE PERKINS STATEMENT. "The Stock Exchango has ceased to bo a private or oven a national concern," said Perkins. "It Is International, .the great market ot tho world. Tho attacks mado upon It In recent years have shaken public confldenco nnd seriously Injured business. The only way to restore that confidence Is to placo the exchango under control. Now Is tho tlmo to do It and steps towards that end should bo taken Immediately. "Personally 1 would like to see It under Federal supervision, but .Jf wo aro not ready to go that far the State should do It, In plnco of this being a handicap to tho oxchango It would be a great benefit nnd a distinct advantage and protection to purchasers of securities. "As for any talk about tho Stock Ex change not being a necessity, because we havo got along for a couplo of months without it, that Is sheer nonsense. Tho Stock Exchange is as much a necessity as the banks. Wo could llvo without cither but how would wo llvo?" WHAT SENATOR POINDEXTER THINKS. "I believe that the New York Stock Exchango should be regulated by the Na tional Government," said Senator Poin dexter, "but, of course, it will be Im possible for Congress to enact any legis lation In tho immediate future looking toward the regulation of stock exchnnges, Adjournment Is upon us and tho next session is tno snort one. In which we will not have much more than enough time to put thorough tho appropriation bills. "I do not know whether it would ba practicable for the State of New York to put Into effect any scheme of finvom. mental regulation before the tlmo for reopening the exchango comes or not. but certain somo such regulation should bo had. "In the event that It Is impossible to get through any legislation, either State or Federal, tho Stock Exchunge mem bers should show to tho public their de riro to protect everybody from the sus picion of double-dealing to offer volun tarily to permit such regulation without any law being passed compelling It," SENATOR SHAFFItOTH'S VIEWS. "I Jhlnk something ought to be done by tho .State of Now York." said Senator Shaffroth. "There is intense opposition in vxiih'ress 10 any federal regulation, but there could not be the same opposition to regulation by tho State of New York. Rut I am not sure thnt It would b well to rush through any legislation in the Now York Legislature. Measures hurried through are usually bo full of holes as to he worthless. Terhaps the Ideal situation would be for the Vew York Stock Exchange gov ernors to submit voluntarily to some form of regulation."' vator No 2 red, spot and October, S1.1O01.I4; No. 3 red Western, $1.15H1.10: No. 1 Nortnern Duluth. $1.2301.20- . ... COHN. Receipts. B00O bush, sold fairly and ruled firm and He. higher, quotations: Car lots for local trade, to location-No. 2 yellow, 82ViOK)e.i steamer yellow, S2SJ'4e. OATS. Receipts, 110,7(10 bush. .The mar ket ruled firm nnd He. higher with demand fairly active. Quotations: No, 2 white, r2W8 Met standard white, U2SG2V4.; No. 3 white. B1rL04UH- neeelpU. 1035 bbls.. ,8,887,212 lb. In racks. Trade 16w. but ml 1 limits steadily held, We quote per 190 lbs. In wood: Winter, cler. l4.C0iM.R3; do., straight, $4 Wt 8.13: do., patent, $R.2.V3V.0Oi Kansas, straight, lute sacks, $5.103B.3Bi do., .patent, lute sacks, $3,40eB.03i sprln. first clear, .$283BL,A',.: atralrht, MOGB.40i dO;, patent, $SfiOS5.7Bi do., favorite brands, $6J0.BO; city mills, choice and fancy patent, $0rt.BO: city mills, regular grades-Winter, clear, $4.004.S8: do., straight, ?4.00?J8.13: do., patent, $S.2BJB.e0. 11YI5 FLOUR. Quiet nnd unchanged. We Suoto nearby and Western, In wood, at $rw ,30, PROVISIONS Trad quiet and largely of a Job bing character, hut prices steady. Quotations: City beef. In sets, smoked nnd air dried, 3O3310.: Western beef. In sts. smoked, B0J31c. ! city beef, knuckles nnd tenders, smoked and alr-drled, 31632c-: We'tyrn beef, knuckles and tendors, smoked, Slgfl2c. : beef hams. $38340) pork, family. $2020 CO ; ham j, B. P. cured, loose, 14H18c; do., skinned, looso, 14I.4W15C.: do., do., smoked, PMJlBVjc.l other hams, smoked, city cured, as to brand and average, 10'V?17c; do., amoked, West ern cured. 10V4il7c.j do., boiled, boneless, 23Sr24c.j plcnlo shoulders. 8. P. cured, loose, ll'K'ime.i do., smoked, 13HS14e.i bellies, in pickle, according to average, loose, lOOlOHcs breakfast bacon, as to brand and average, city cured, 20tf21o. : breakfast bacon. Western cured. 2021c.s lard, Western roflned, tierces, 10V,Sdlc.j do., do., do., tubs. 104i!lc.i lard, puro city, kettle rendered. In tierces. lOJiffll lard, pure city, kettle, rendered, In tubs, 111J ll'.ic. REFINED SUGARS Market dull at the lato decline. Quota Menu: Standard granulatod, 0.0r,c. ; One granu lated, Oc.i powdered, 0.10c: confectioners A, G.OOe.; eoft grades, B.lSUC'Sc. DAIRY PRODUCTS CHKE.HE. Trnde fair and prices steadily held under moderate offerings. Quotations: New Vork. full-cream, choice, lBHSlRHc, do., do., fair to good, 14Via15c.i do., part skims, 8013c. IllITTKIL Fancy stock well cleaned up nnd firm, hut medium grades dull and wca. Quotations: Western, fresh, solid-packed, creamery fancy, .'14c; extra, 32c; extra tlrstn. 30f31c; firsts, 29flC0c; seconds. 201127c.; ladle packed, 21923c, aa to quality; noarhy prints, fancy, 35c do., average extra. 823T)4c; do., flrstB. 2!KKllc,j do., seconds. 27828c Special fancy brands of prints Jobbing at 3W41C Rrina t."ln nw1ntc1 f-eira In good demand and nrm under light offerings. Quotations: In free cases, nearby extras, Me. por do.; nonrb firsts, $0 per tnndard caso: nearby current receipts, $9.10ir8.40 per standard caso; west ern extra, firsts. $0 per caso. do., firsts, $.10W 8.40 per caso; do., seconds, $0.(5030.00 per ca. Candlod and recrated fresh egga were Jonbod out at 37000c. per dox., a to Quality. VEGETABLES Choice stock In fair request and tatties gen erally well maintained. Quotations: White po tatoes, per bush. Pennsylvania, 68fl(U)e.; New York, BOiJ53o.; white potatoes. Jersey, per basket, 3Sg45c.i sweet potatoes, Eastern rinore, per nni. no. i, ii.ro'av.ani o. , ioc.r $1; ewect potatoes. North Carolina, per bbl. No. 1, $1.7892: No. 2, 78e.fr$l; sweets, .Ier- eey, per hlbl.- No. I, $2..vyf2.7Bi No. 2, 11.60 ISJ.7B; sweet, Jersey, per basket, twooe.i Onions, per bush., $308A6e.; do., choice, per SlO0-lb, bag. 7Sc.e$l: do., medium, per 100- lb. hag. 7r.TOOr'. rrnhham. domestic Der ton $fi3C Olery, New York, per bunch, lOifSOc Mushrooms, per 4-lb. basket, 11.4031.60. POULTRY LIVE. Market quiet, with fairly liberal offerings at former rates. Quotations: Fowls, JSWISc; exceptional lots higher: old roosters, llJ12e.j spring chickens, according to nual ty, USlBc; ducks, laoiic!. ; geese, 1.114e. t guineas, young, weighing 2 lbs. and over apiece, pr pair, 70c: do., weighing l.W'SlH lbs. apiece. Dr pair. 003050,; do., weighing 1 pigeons, per pair. l&jTlRe. l)lll,.'ifi;i. in aesiraiiie-sixen stock pretty well cleaned up at steady prices, uuo tatlons: Fresh-killed poultry-Fowls, , per lb. (Selected, heavy, 21c; do, weighing, 4HOS lbs. apiece, 20c; do., weighing 4 lbs. apiece, lOWfl. ; do, weighing UVi lbs apiece. M'MJ 17Hc ; do., weighing 3 lbs. and under, lBIJlOc: old roof I -., -frv-r,l.-tr,t irtLtn l.rnfllnff ohtrkens. near- welching" l'Wfl'i lbs. nnlcee. 20J22o.; broil ing hlckens. nearby, fair to good, lujrisc. ; rhb-kens. Western. 4 Ibe. nnd over nplcco, 4C. . .... 1Z II.. ..., -w. .. 1Kif?tlllA iOU, , ,,V., if.j .?? IUDI tll'IU do., do., 2U'Sf3 lbs. apiece, lYiV by. chickens, western. 1.1314c. : broiling ins apiece, no. broiling chickens. Western, fair to good, 120 14c Hnuabs, per dox. White, weighing- 11 to 12 lbs, per dux., $3.0304.24; white, weighing to lo lbs. per dozen, $2;7S"80,B0; white, weighing 8 lbs. per dox., $2.2.",W2.40; white, weighing 7 lbs. per dox., SI, 7502; white, weighing (UZ0H lbs. per dox., $1.2301.60; dark and No. 2, 60cB$LlO. FRESH FRUITS Trade fair and prices generally steady. Quo- 'Apples, per GDI. jonatnan, ?ti.oi; tatlons: aravonsteln, $2ff2.75; Hlush. $23'2.73; Twenty ounce. SL7B'8--60; Pippin. 1.7B2; York Impe- jL-uirii.,.,; oiner goori eaung varieties, crab, Ji'uM.w; $1.0091.79; op- rial. $1.7502.50; medium, $l(Ul.BO; crab, crab RDDles. ner bush. -basket. Sl.CO'S plea. Western, por box, tlljl.7.1; apples, Del- awaro and Pennsylvania, per hamper, 23J330c. ; wuinrai, per dui., aw.wi. lemons, per nox, $3SM. (Irapcfrult, Florida, per crate, $2TJ3.5"). Pineapples, per crate Porto Itlco. 11.2503.23; Ilorlda, $12.60. Cranberries, Cope Cod, early black, per bbl., $.1.5)fr4; cranberries. Caps Cod, early black, per crate, $ I pi .40; cranber ries, Jersey, per crate, Jlfll 50. Peaches, Vir ginia, por 20-lb. haakrt. 40Q7t!e. ; do., do., per crnte. !11.75; do.. Bclaworo and llarj'land. per basket. 609800.: do., do., por crate, $1? 1.75; peaches. New York and Pennsylvania, per basket Large whlto or yellow, COc.OSl; medium. 401j'."0c Pears, New York, per bbl. Heckel, $4.6(K?0: Partlett, No. 1, $4B.B0; do.. No. 2, J2..VKJ3; Dcuito Ilosc, $4Qi1.50: Bheldon. S4B5: neurre rialrgcau. $2.50W1.6fl: Deurre d'AnJou. S2.23S3.2.-.; Duchess. J2.05ff3.23; How ell. $20-2 50: other varieties, $211.1: pears, rtart lett nnd Sockel, per bush.-basket, $L2.15$2. Ornpes, New York Concord, por 8-lb. basket. l.-.aiBo.; do.. pr 4-lb. bnsket, fSPc; Nlagnra. per 4-lb. bnsket. SttlOc ; Delawares, per 4-lb. basket. 12I13. ; grapes. Concord, por 20.jh. bnsket, SSfl-lflc Plums, per 8-lb. basket, 20 2."p. Cantaloupes. Colorado, per crate, tlfli 1.50; do., do., flats, BOSc OARSMEN AT PEM HAVE MERRY TIME WORKING ON RIVER Daily Practices Are Proving Attractive to a Large Body of Athletes Men in Fair ly Good Shape. By J. VATJGHAN MERRICK, III Captain ot tho University of Pennsylvania Craw. Tho University of Pennsylvania varsity eight finished second to Columbia at Poughkccpsle last year. With nix of tho eight men who rowed in this shell at college, In addition to Herbert Shoe maker, tho stroke, who was lost for tho championship race becauso of nn opera tion for appendicltlR, it seems to mo to be tho year for Coach Vivian Nickalla to win premier rowlntr honors. The Red and liluo oarsmen are work ing hard every afternoon on tho Schuyl kill River. Tho sophomores. Juniors and seniors havo not forgotten that Inst fall Nickalla sprang a surprlso when ho got together an eight which won the Inter class championship. The rivalry this year Is keen, for It la no secret that NIckalls Is again devoting most of his time to tho first-year oarsmen nnd that the upper classmen will havo to bend to their oars and "go soma" to win from the "freshles." The Juniors havo a number of varsity men In their boat. Chlckering is stroke, Dob Gotham. No. 7; Francis Harley, No. 6; W. Scott, No. 5; F. Gels. No. 4; P. Harjes, No. 3; Gunther, No. 2, nnd Brelt enger, bow. The Juniors have the varsity coxswain. Foster, In their shell. This Is the make-up of tho boat as It was an nounced by Acting Captain Chlckering. LIVESTOCK QUOTATIONS CHICAGO. (Jet. Sa-HOrtS-Recolpts. !00ca .Urksts B to ly. lower. Mixsd nd huthS? much 1 vy. M.tW I. Iluht. 7 157). pB, jMLS -2ft. bulk. $7 107 80. OATrLK KVIWs SO.V? Iark:s.."k llve. $40810S6. .ws ni l'rs. $3Oh25 .birkers an! feeders SssTi HBEP Receipts.- wTooo. JUrttVt "stea'dT" VltJ, 1 tlvo ooi Wstera, H.2&4, Uujdj, t9.9097.jj, "Y'lumer- COMMERCE COMMISSION ACTS ON FREIGHT RATE CHANGES Suspends Those in Some Sections and Grants Others. WASHINGTON, Oct. 20. Complaint against tho rates on grain from all points in Montana to Minneapolis and Seattle, filed by the Railroad Commissioners of Montana, was dismissed today by the Interstate Commerco Commission. The Northern Paclilc and other roads wero defendants. The commission held that tho reason ableness or unreasonableness of freight rates cannot be gauged solely by tho ability or Inability of shippers under de pressed market conditions to market their products with profit under exist ing rates. The commission declared unreasonable combination carload rates on bituminous coal from mines on the Wabash-Pitts-burgh Terminal Railway, in Pennsylva nia, to points in Ohio and West Vln-lnl., reached by the Pittsburgh and Lake Erie Railroad and the Daltlmore and Ohio Railroad If they exceeded by more than 10 cents per ton Joint carload rates on bituminous coal to the same destinations from mines on tho West Side Belt Rail road. TIib commission ordered established Joint rates from points, on Its Una In accordance with the terms of the de. clslon. Advance in the rates on farm wagons and farm trucks, lawn swinss, porch swings and seats from Fort Smith to poltttB In Oklahoma located on the Okla homa Central Railway were suspended today by the commission from October until February 17. Tho advances, vary lug from 7 lo 10 cents per 100 pounas, wero proposed by the Missouri, Kansas and Texas Rallroud. Tho sophomore boat is mado un of the, winners of the Interclass race last year and nro therefore considered dangerous nsplrants for the title. With the ex ceptlon of Drnyton, the boat Is Intact. Drayton has taken Dick Ferris' placo at No. 6. This change will not weaken tho sophomore boat, as ha rowed at Annnnnlis VV-f1tn L'Itt nrst"yettr athletes won tho raco be In excellent condition for the event tic work. Nevertheless, the Bophomores loom up strong nnd should glvo the Junors and "freshles" a good pull to the finish. Coach Nickalls at last has his new speed boat and ho Is happy. Tho Row ing Committee promised him .1 launch to tako tho place of tho Catamaran, and this new craft was used tho first time this week by tho Penn coach. He fol lows the crews and coaches them in their work on the river. "Rill" Web fcter, brother of the Penn jrolf captain, is chief engineer. Ho is always at tho wheel alongside of tho coach when the craft Is under way. Summing overythlng up, I nm rather elnted with this year's prospects for lifting rowing honors. Tho freshmen are doing well. NIckalls has them out alone' most of the time, and I expect to see them duplicate the good work of the first-year bo-xt this season. The coach is inclined to favor them In the Inter class race, nnd he Is tlevotlng his time to teaching them the right stroke and perfecting their work In the boat We have all but two of the varsity. Chlckering, at bow; Butler, No. 2; Gar vin. No. 5: myself nt No. 6: Littleton, 7; Marcy, S, and Foster, as coxswain, mako up the veterans. Wntrous, Inst year's captnin, rowed No. 3. and ho Is gone n3 Is Peter IJlatz, No. 1. Wo hnvo many good men for these two vacancies. Manager Fred Davis is at present work ing on a schedulo of ovents for the Red and Blue onrsmen. It would not be a surprise this year If a big triangulnr re gatta would be rowed on the Schuylkill River. Last year thoro was talk of a dual race with Yale at Philadelphia, but the Elio could not como here. Next sprlrur may see nn event here which will afford tho opportunity for thousands of Phlladelphians to witness a collegiate rare from the banks of the Schuylkill The usual race with the Nnvy will bo hold as well as the Chllds' Cup event This was rowed on Lake Carnegie Inst spring, when Columbia, Princeton and Penn finished In the order named. It would be a groat event for Philadelphia to have the race for tho Chllds Cup come hcr and Manager Davis, when asked If this was likely, would not say whero the event would be held. At present tho date for tho Intercl.iBi race Is October SI. A number of the oars men In the Architectural Department havo asked Coach Nickalls to hold the event on Wednesday. Octobor 25, Instead, as tho Sophs hove problems to work out on Saturday. This change will likely bo made, as the oarsmen havo been row ing for more than threo weoks nnd will FOREIGN EXPORTS OF COPPER Shipment of copper are being made to Groat Britain, Franc and Italy In large volume. Theae shipments aggregate about ..0ii0 pound a month, or more than S ur tvnt. of tho outBO in normal time Donwstic consumption, on tb otir hand .. .-... M.wtuuns tn market to- ia era uoai. u iMt to th ,iorM at UJ cents, dclUcry in 30 days, m . I f ' Mad-ra are also p, uTK ,,. .i?m A. Littleton, who is busy WUU s.holM- with tho Plebes. The same day the var sity eight won Its race with the Navy. In the sophomore shell will be Shef chlk, bow; C. Gels, No. 2: Schmldhelser, No. 3; Campbell, No. 1; Kayll, No. 5; Drayton, No. 6; Adolp Woll, No. 7; M. Downs, No. S, and Felt, coxswatn. Thero are eight coxswains out for the various crews, and Coach Nickalls is finding It difficult to provide enough boats for thorn so early In tho season. Ferris, the former iresnmnn star, is back at college and will take up crow work later In tho year. The seniors at present have two rcpre eentattves of the varsity eight working for class honors. Raymond Watroua. last year's captain; II. K. Marcy. stroke, nnd rnyf-elf are now upholding the fourth year end in rowing. The seniors hope to get out more oarsmen. The C'ollego Boat Club swarms with freshmen nnd sopho mores at present, who are taking advan tage of tho Ideal weather for spins in tha barges on the Schuylkill River, while many of the seniors and Juniors havo failed to respond. There may bo a big upset when the Interclass event Is held lato in tho month. The freshmen are .planning a big surprise for the tipper Vlass men. Coach Nickalls takes them up tho river cany m mo unernoon. 'mere was pro. found mystery at the boathouse yester day as to the make-up of the first-year boat. No one would tell who would row, but It Is quite certain that Tilden. tha stroke; White, n youngster from Washington, n. i, and Huhn. a West erner, a trio of strapping fvllows, would make good. it was reported that Shoemaker would not ba able to do any rowing this fail because of his illness last spring but ho was out in a single shall yesterday and went as far as Girard avenu brlduo returning to the Bachelor.,' Boat Club rtoat. Shoemaker la going to take it easy for a time and does not expct to row In the Interclass race. W It Lit tleton. R. B. Oarvin, C. B. nwnilay and D. O. Hughes ar number! among tha seniors who are pravontea front rowing bacause of pressure of their col lege work. ' t-JL Wrt la ,.n.n m. ..U,rwr, ui me star oarsman Butlr. of th vawlty .lUt. xt ? Fall work will cease with tho interclnsa race, nnd tho winter call for candidates will be made January 1, when work on tho machines will start. Tho October race will be rowod In barges. The Sen iors and Juniors will row In swlvej-rlgged bats, while tho Juniors nnd Sophomores will use thole pins. To decido which should get the better thole pin boat a coin was tossed, the Juniors winning. BY THE VOLLEYER Although Phlladelphians nro not gen. erally awore of the fact, ono of our strrllnc tennis players has just passed un an opportunity to carry off additional honors on tho courts, Rnil the war. In. directly, had considerable to do with this fact. Wallace F. Johnson, of the Merlon Cricket Club, last year's winner of tha Miginia Hot Springs tournament, which was recently concluded, did not defend his honors this year. It was a disappointment to I'MUdo! phian. and especially to Johnson, whogo tennis In tho past few months has been hotter than evr. It Is known that ho is In tho bond business. I'nder usual caudl tlons he can get away i this Urns of th season for tennis on Southern court, bu the bond ami brokung business has experienced an upheaval since tho war broke out in Curupe and consantiantlu even the lenms putjers art- "aalUiu; class hauled and tacking closa to port." Johnson may go SoultT lats-r to tha Mon. it i hla hop., to ta&a iti th Palm Beach championships and he ay repeat the Southern trip which ha took with Harvey V. Uafc. of ucaaa City. W. J.. lat year. Ilia plana ds-peng upon business cuuditiouiHnd. aa i the cW with many brokera at thla tlmo. Jsjfca. son thoughts gre on other auutafg that sport and unnu. At tha saw time it is unfortunate that he misted tha chanett to havt hta nama engraved tha tetudMa challenge bowl -s Tnnii last week at Virginia, Uat springs waa perfect." tvruta on player to a friend in this city. "Tka loyra maat conducted by tht, Virginia Hot Springs Golf and Tanaia Club waa wu mnad and aa faaid on vs g clay court. Man's slagta, dauUaa "nt j usb a siiifc-ics. aounea and mUeU j dcubU-a. Iri addition to tli uaual conso lation ,-vii.ts. vuiv heia Vou should h.v. -km tit- i,rett 1 upa provldvd by the .-lub first una runner-up prUts Waru iruvidea for agb, vcut."