davidaulloa/AmericanStories huggingface dataset:
The sun., 1913-10-24

Not since June 10. when the mark. ..
touched bottom, and PcuusNlVaui stock
went to the low price OF the year. 1863
have there been such heavy dealings ia
that issue as were Witnessed yesterday.
A turnover OF 1900 shares is an alto
gether unusual Development A. the
leading member OF the standard railroa d
group and the premier Investment stock
in the country the selling OF PENNSYLVANIA
was scarcely a pleasant feature to oh
serve. MaRv arguments were advanced
to explain this development II is sug-
gested that. Illogical or not. the troubles OF
the New Haven road must have had "A sen
t!mental effect upon the minds OF railway
stockholders. and then the Pennsylvania
Investments include large block of New
Haven stock on which IL will probably
receive lower dividend. The report
of a huge blanket mortgage by the Penn
sylvania heard within the past few days
IL also spoken OF as possible factor.
Selling also nigh, perhaps have been in
would suffer most II an adverse decision
gains; the railroads IN their dispute with
the trainmen and conductors over the
question OF more pay should come this
week. Again. too. the talk Of a poor out
look for business in the Pittshurg dis
trlct naturally reacts upon considerations
OF the future earnings OF the Pennsyl-
vania. Some pessimistic comment was
occasioned by the statement OF earnings
for August yecently published showing
an unusually heavy falling of In net, al
though II Is realized that one or two
months OF poor comparisons in the mat
ter OF net do not necessarily carry any
particular Significance.
The sun., 1913-10-24
sEABoARD AIR LINE DIVIDEND.
Initial Distribatioa Of I Pef Cenf.
on the Preferred Stock.

The directors Of the Seaboard Air Line
Railway at their regular meeting held in
baltimore yesterday declared an initial
dividend OF per cent. on the preferred
stock OF the company. payable November
10. Following the meetinN s. Davies
Wariield. chairman of the board, gave out
"a statement that the time had arrived In
view OF the satisfactory earnings for the
past twelve months and the present out
look for the future TO make distribution
out OF surplus earnings 20 the stock
holders
Mr.. Warfeld would no. say that the
action OF the directors set precedent for
the declaring OF l per cent quarterly
dividends on the preferred stock, but de.
clared that after q sufficient amount had
been retained for the needs the directors
would hereafter make "A distribution OF
the surplus earnings. He added that the
, outlook for the presen' wear indicated
csrn.ues in excess of the past twelve
months.
Gross revenue for the year ended June
81. 1913. was S24,527.sG4, compared with
S"2 .02l .9o3 the year previous, with a
total net revenue OF sI.710,q3.. against
s5.o19.l3i. The gross income OF the COM
panv for the wear was s7.O40,oOl, COM
pared with s5.Ss5.5oS IN 1912. and the
net income was si.135.s53, against sS13.-
80. The amount carried TO profit and
loss was sl.+6,,sS3. compared with $685.
j93 last year. making tho total profit and
loss surplus OF the company Sc t02 6o3 on
June 30. 1913
The sun., 1913-10-24
MISCELLANEOUS MARKETS.
CO6ee Closes = 10 II Potuts Lever
for Active Months

Cofee closed to 10 points lower YES
terday for the active months on sales
OF 6l.760 bags. The market opened un-
charged 10 points lower on sales Of
1900 bags on the call. Brazil Seemed
anxious to sell and quoted cost and freich ht
oners IL 10 "a points lowe-. The market
was dull throughout the session with i'm
portant news lacking
The European markets were weak and
primary receipts continued liberal They
were slightly smaller. however. than a
year ago. Rio and Santos stocks showed
an increase OF 15S.O00 bags from last
year Sac Paulo receipts of 60, 900 bags
were slightly, smaller than they have been
OF late.
The Harre market opened to li.,r
lower and closed =. tol !. T. lower. Hamburg
started y 10 pfg on and finished =, la
] \. pfg on Rio No. was 200 rels on.
at 6$l25. At Santos No I was 100 refs of
at G$650. while No. , there was also 100
re!s on at $3.50. Rio and Santos receipts
totalled $4,000 bags. against $4,000 bags
last year. Sac Pau!o had 20 o00. against
$4,000. and Jundiahy 1000. against
90. 900
New YORK and New Orleans warehouse de-
liveries OF Brazilian coffee on "Wednesday
amounted to 1858 bags, and for the
three days OF the week G66ij bags
The sun., 1913-10-24

Ne Havens decline yesterday vas
nothing remarkable. which made Il appear
that the frank admission by the president
that the stockholders could expect no
more than n per cent. dividend at the
next declaration had been already dis
counted By the prolonged decline that has
occurred. Indeed no element OF surprise
could have been contained In that IN
formation. The possibility has been dis
cussed time and again and the price or
the stock has sold down - level which
foreshadowed Just such another reduction.
As a per cent. stock the amount OF the
last distribution. New Haven has been
selling on more than per cent basis
making Il supeffcial.y more attractive
than southern Pacific. described as the
cheapest stock in the world As per
cent stock AT the present level New
Haven would Yield not far from ; per
cent. Its price may still seem somewhat
out OF line unless IL be admitted that after
the cut 20 4 per cent the chances greatly
favor the next change in the dividend be
Ing an advance.
The sun., 1913-10-24

DAIRY PRODUCTS MARKET.


a'soash nc nHS Ge.igr. I'm. VIZ yG Ks, IN 11 Lao, | y
poslng Of .u,n al =. trln, oy,i ,u,..g' ". ..
,a'ions Mark, J., r-a.. 4.I s,..- ...
il. The s'orr. ana on to au.Ks a.. i, .-
onarins goo! me. ~ .igno .>,... a. .rl..
below Suotatious and oWr,., OF .,.g, Y...,..
.i,tns ar ,sekinu IN n!t',. .tir' u. i...
-,nrt.ra my hIyh,- prt... ,'.U,4 ,,. Ill.
IN .n' tr"s,eG rrass AMI th, .I,.i.s ", 'h, tI d..
ter al Wr,p ms trcn p,5r Ia,., . .,t.
mo, ,fuen, II, protess n'.l i4,,r.g s,,,. .-
si.A,iT .,fh"rsh rnpsii.-.. .i. f,r,lau r,l.,..r
is reaching ne nnrf,, Sour Of t.... I-
49, C,.ot,ssr, cx,ra. .,l,,'g,. .r.ts
Z, Soi s"rSnds ~, % !" re a. ,>,r'.
90 o. gssics i,is haid NJ. -. .0.,iV,,. -.
Kim. - ~ g7i 49,.
q d 2sc iui,siion cte.in. ~. -tr,-e.
fs,s5 sss'Sii '"hfs r,ck,,s .,a.
30 80" !" 2 y d H.. 50. ;. .c'.H-.
ket u and uaotrtion, a,c dr ,a.. ...
olcasi"nnl me me, marks ih.. ,.'r IL;
SSao,a,'nnns' '' ,,,. I, ~ t, "' '''.,r
+" v1"i. ,i.. ,1.urn. ~ r.'.. DO,
,,,ns r%sCe" i',. ns,
~, ia ,r,.o,I,r i,rt.c 80 .I',.,
AM colored, spc'l4's ~ H.. ..rci ~.
y,,;e. ~ 'tt5, 'r,t...' f.- ..
Winsc"n.in. : 49,. best ",n. 1...
l.. ,i.tlAi.s hest t.. Si,.. .,..,. t...
- i l.r' h. ,L.l., trt
frcsh .k,n.. Isulet.r, choice. Iuty .lI..
poor 10 fair sti lur. fun rknr4 ? - .. .s
EGtis .l'-udii.r vasi,ritr vas hri.l, Yrr
,b,ra was but uttl. sc.utnulatiou - f.r.
docks ana in tho .torcs II /, not 1lt',YE.
"a move nnv eggs which show uuull,, rlir
highest prircd rrrs from me Wet rcfui.,
lring a5c. AMI reports from rrodu,iug sDr.
ri,ns show = ,lacrr,sr ~ ,-Noty n,frt I!.
.t,iNrrs are freely PROTECTING iot far l.tf
priced Western current receipts uu| 5n. .,r
storage Fine storage was 80 l..t Nss'..
day and there is not enough or iN. h.rI
grade goods to meet the d"u,and Hr"h,'
are irupor,uned for good storage eggs and
cannot M orders Al prescu; pu,.~ There
Is a handsome profit Il cas-" au1 r,.'ivr,s
arc making some handsome proii's Even
duty eggs are I'm demand and err Ks m''i
ready sale i they show any quail. Re
ceivcrs say they have never -"-n vt''"s 'r,
this month rricrs follow ENtros. doom
?iH 36r. extras iirsts. 81 ~, nI-i.
:S'g"; No $50 2:G KS. s"Hu To
The sun., 1913-10-24
COTTON CLOSES AT
SLIGHT NET CHANGES
Early Advances Are Partially
Lost Under a Heavy
Realizing.
TRADE DEMAND >ACTINE
Much Adverse Weather and
Crop News Brings In
New Buyers.
TRADE DEMAND >ACTINE

Crop belt weather was again the doml-
mating influence in the cotton market,
and 40 unfayorable were conditions re-
ported at many points that n new flock
Of buyers stepped IN to take over the
contracts of the longs desiring TO unload
very considerable part Of Yesterdays
buying was understood TO have been for
trade account. rejecting the growing be-
lief Of the rpinners that the recent harm
ful weather developments will prove to
have materially cut down the Yield prom
ised few weeks ago. Yesterdays map
showed heavy rains at a number OF sta
tons in Louisiana. Arkansas and Missis-
sppi. which, according to later private
advices. are making the bolls mushy and
geverally causing extensive damage. \
further unfaNorable factor was the indi-
cation OF unsettled weather with another
lowering Of temperature IN the eastern
section. the effect OF which would doubt
less prove ruinous TO the remaining un-
picked cotton. Despite all the bullish
arguments. many NJ the holders were
actuated to take profits by the eNpecta-
tion that the ginning figures to be issued
tomorrow would point To q much larger
crop that some ot the pessiin.stlcally in
clined are predicting.
At the opening the market was nervous
cables there were initial gains ranging
from TO points. great many buying
orders were executed for Liverpool and
southern account. while the local bulls
took profits. The realizing continued
rather heavy throughout the forenoon. in
creasing on the favorable Western belt
forecast, Prices declined 6 10 8 points
below the finals OF the previous day. hut
at this level demand showed a marked
Increase. sthe list responding by selling
back 10 the high level Of Wednesday.
which represents the high point OF the
present movement The January, March
and May positions sold up 10 1890. while
December and October reached 1905 and
l422 respectively. The maximum gains
ranged from = TO 16 points. but n rather
easier tendency prevailed at the close
with the active positions points lower
to points net higher
Spot cotton was unchanged. Middlins
upla nds. 1850 middlinE Gulf. 1915. Spo,
cotton IN the principal southern markets
was unchanged to ll6c. higher Gal
weston. IA New Orleans. 13SA Houston
IA. Memphis. l3A4 Savannah. 1Sl3-IS
Norfolk. - i-lS; Augusta. 1875, ST.
Louis. l3a..
Futures here closed 2 points of to 4
The sun., 1913-10-24
ERIE FINANCING APPROVED.
Upstate Public service Board Passes
on Eaaipment Plaa.

ALBANY. oct. "a The upstate Public
Service Commission has granted the APP
plication OF the Erie Railroad Company
Tor authority 10 execute its gold equip
mrut trust obligations az follows
Series I. TO the amount OF s2,35o T.
0OO 70 h" sold ai not les, than 81 20 per
cent OF their par value
Series SAA. 10 the amount OF SLIGO
000--,o be sold at not less than 80. -
per cent. of their par value.
Series V. TO the amount OF 81, 900. 900
Ia he sold at not less than ?1.6j per cent.
o; their par value.
Series Il. to the amount o. $3.50. 900 -
TO be sold at not less than 9S per cent.
OF their par value.
At the hearing IN Albany o. October
6 George r. Brownel. vice-president aud
general solicitor OF the Erie company.
asserted that the reason FOR this appllca
ton IL the need OF additional equipment
consisting of i.ty locomotives 1000 forty
ton steel frame box cars. 1900 nifty ton
self-clearing hopper ears. 1000 under
frame box cars and 900 ffty ton drop
end cars.
The sun., 1913-10-24
THE GRAIN MARKETS.
wheat Closes Higher with Further
Exports Reported.

Wheat closed II TO i,c. higher yes
terday after earlier recessions OF iac. In
the early trading prices declined on larger
Northwestern receipts. although trading
was light and the cables were higher on
firm Manitoba offers and the expectation
that Canadian receipts would show de-
crease very soon. Weather in India and
Argentina, however. was reported more
favorable. Receipts Of spring and winter
wheat at leading Interior points were
smaller than last year. with shipments
about one-half the size OF receipts The
market relied for its greatest strength
upon covering by shorts. There was a
fair export demand. Ut was reported that
a cargo of 81 loads Manitobas had been
sold to Rotterdam for November ship
inent Via Philadelphia. There were also
about - loads worked late Wednesday.
Improvement was noted in the milling de
mand.
Corn started steady. but declined over
i9c. on news OF better weather in the belt.
in the ovcrsold condition OF the market.
however. buying by u large operator pre-
cipitatcd short covering and at the close
prices were ',c higher. Corn receipts
were much larger than last wear and con-
sidcrablN I'm excess of shipments. \
wiIe from Boston stated that two more
catgocs of Argentine corn wct" worked
to come to the Atlantic s-auoard.
oats started unchanged aud declined
'2c. OH news OF a lower market at Win.
hipeg. There WAS a later gam OF i.c in
syinpathr with corn and prices at tn.
close exhibited net gain for the dav
OF asc
Minneapolis wheat stocks iuc-easel
':'.""O bushels for Ave DAYS and p.,.. i,
wheat stocks decreased 21S 900 bushels
Tor four days. The Continent is stiil taxi
ing wheat freely for winter supplies be-.
nf oh.
sia and North America supultiny the de.
maud
The sun., 1913-10-24
AN ERIE BRANCH TO BE SOLD.
Fourteen Miles 81 the .. 4 ". VIII
60 Under the Hammer.

MIppLnrowN. ~. Y. Oct. ga four
teen mile section OF the Susauehsnna and
Western Railroad. formerly known as
the Middletown. Cnionville ana Watergap
railroad. will be sold at foreclosure sale
at the city hall in this city on Saturday
morning The action Is brought by a
committee OF tho FIRST and second mort
gage bondholders and the sale will be
conducted by Referee Roswell c. Cole
man.
Tho railroad runs between Middletown
and Unionville and 10 the terminal OF the
Susquehanna and Western. which is oper-
ated by the Erie Railroad. The road Is
capitalized at si5O.o00 common stock
and $3.50. 900 second mortgage bonds.
Much interest is taken In the sale. as
Il Is expected tha. both the Erie aud the
ontario and Western railroads will bid
for Il
The sun., 1913-10-24
THE BOSTON MARKET.

BosroN. Oct. 22.-Stocks eased OF fur
thcr, while trading was generally quiet.
The positive statement of President FL
liott that New Haven's dividend would
come down 10 per cent undoubtedly
explains the selling pressure In the stock.
the shares declining shortly after the
opening 10 81. 4 new low level. Amer
can Woollen preferred and United Fruit
were also heavy The former declined
l.. and the latter iis. North Butte was
the feature Of the coppers. declining ! ~
on moderately active dealings on light
transactions Tanarack lost Ia Alaska
Gold and Butte and Superior closed only
fra"t.onally lower. Butte Balakata de-
veloped strength IN the late trading and
closed II point higher. The summary
The sun., 1913-10-24
GOSSIP OF WALL STREET.


II has been remarked that IL il curious
that the movements Of stock prices should
20 accurately reflect. coming events and
YET that Wall Streets own advance eN-
plantations of these fluctuations should bc
SO SHY. ON the death OF Charles H. of
England one OF the court wits wrote the
following epitaph:
Here lies our Lord. the King
Whose word no one relied on
he never said foolish th,ng
Ana never did wise one
friend of the deceased king in dc,
Tending his royal master explained that
HIS acts were his ministers and his
sayings were his own" A cynical Wall
street man reversing the sense of his
famous defence OF King Charles suggests
that the stock markets movements are it's
own ana that Wall Streets sayings are
the work OF the financial paragraphers
who perforce must always appear omnis
cieut.
The sun., 1913-10-24

Yesterdays market FOR St--. common.
the leading speculative medium. ought 10
throw as much light upon technical con-
ditiuus as any The stock was extremely
erratic and iiuctuated within compare
lively wide range considering the scale Of
activity. The drop OF l"s points I'm the
early tradUs was accomplished on the
Offering ~ few thousand shares Later
developed evidence OF a considered degree
of strength. Probably $4,000 of the 10000
shares done during the session were
turned over between 56Hs and 56's, Il
fact which may or may not haV" assessed
Significance as regards the immediate
future course of the price.
The sun., 1913-10-24
HOOKING VALLEY R. R. REPORT.
Operating Revenues show an In
cre,.c ~ a613, 004 for Year.

IT, hooking Valley Railway Company
io, for tho year ended June 30. 1913
slows ,o'al operating revenues OF SSH
tff 5r increase Of s513,9s+ over the year
r,y'ous. with net operating revenues at
60 s12 500. showing a gain OF $lOs. 1853
N. company's gross income was S3,6oS,.
49, Or .iS7.4ss in excess Of the year OF
80. while the net income was sl.Sl6.403.
,sIcr'ase OF ss5,561.
'rhe surplus after the payment OF divi-
lends was s65l,461, a decrease OF $%0s,-
rs hut dividends increased $494.94:
dgrire the past year. This added to the
0ompanv's previous proflt and loss surplus
made total OF ss.s71.ssl. an increase
~ Nlo 3o3 over 1912. and the proft ana
Sc surplus Of the year after making de-
'ic''oUs for adjustments was ss,769,s65.
~ 'iit F22 In excess OF tho profit and loss
'Irp' ~ on June 80, 1912.
The sun., 1913-10-24
THE PHILADELPHIA MARKET

PH,LApnlpHIA. oct. 2S.-Tradins WAS
srrst!c to-day on advances the market
became duh and only trading was when
prices shaded on Philadelphia Electric
was In light demand around last night y
close. odd lot trading prevailed IN
United Gas Improvement, Cambria steel
and Traction stocks There was a fair
demand for Lehigh Navigation trust GER
tihcates and I.ehigh Navigation unas-
scented stock on the decline Arbitrage
trading was well distributed The sum
mary.
The sun., 1913-10-24
THE STEEL MARKET.
Hut small Amounts Of Metal Have
Been bought Abroad.

VhIIa nothirg fu,tha, 4, haor1 ~ ,,i,
concas.ions IN s,oa, corsu,nar. nrt,,,,
-, raa,, n,', ~, ~ ,'or,,a, ~, -. udns.'
Cons,d.raiia ,nra,n,, s,sa, ,o. non,'
o,,arad hn, 1on,a,,,, ,rn,,,an.. 49,.
ohacrsI ,,nno,,crs nv, ,or,arin. ,hs,r .',n
,n,inms sn,sr, n on,o,,n, - s..., 80 49, ~,
houah, ohroaI ''"" ''''
TSa com,Inrod ,.o,,,. !, ,.,., ..,
,r,oas 10 49,, I,s,,,r,,ins ra..v.
Th,s has hao,, rn,,a,,nu ~, ,,.aS< ~ .S',o
t,nns n,h,ch n,aoa ,hs ,or.,.', nro,,,aars
tn ,aia,i,,.iw s,rona ns;,, .s.',
.nn.,,,inu ,,;,h ,sr,
us ,rho or,,;,r r'n.. ".,,,
,,i,,s INV. not go, ha.r ro,i,,.d h,,, =,
4. avnaotad tha, ~. tas, MI, .s',,a ~
,nortb 0ra ,,dan.ndon, concarn Iii
The sun., 1913-10-24
THE CHICAGO MARKET.

CHICAGO. oct. 23--M Moderate rtcessiuns
were noted in most Of the prominent
issues. with trading of a limited char
acter. Good support was afforded IN
Sears Roebuck early, which was follow ed
by substantial recovery Edison and
Peoples Gas acted we'll under pressure.
Chicago Railway series . and American
Can were easier, but very dun. Bonds
were slow The summary:
The sun., 1913-10-24
OFFERING $4,000, 900 BONDS.
hnhn, Loeb d Co. Has Sale Of ~
Louis, Peoria and n. W. Issue.

~. bond market yesterday was interested
pIrchase and offering by Kuhn.
!""' r 20, OF $l0.00o.000 OF per cent.
a--' ulr,gage bonds. duo 19+s. of the
= tou's Peoria and Northwestern Rail-
~. '1wpany which road Is shortly "a
~" "'t.r by tho Chicago and North
u s'a-,
ae .n''er guarantees the bonds. which
'' ne a direct obligation OF the
n0t.f when the smaller road IL alb
sorhef
ne Nonfa were offered At 103 and met
N'h - good demand
The sun., 1913-10-24
BUSINESS GOOD, SAYS CLAFLIN.
Merchant Inrrcasins Their stocks .
CauttOusIy, He Declares.

Business Is surprisingly good" said
John clailin yesterday The dry goods
situation IS very good"
When asked IL merchants are incress
ing their stocks he replied: They are,
but cautiously"
Mr. Clann said that likelihood ~ eight
money had passed.
The sun., 1913-10-24

COTTON MARKET MOTIFS.

1t was reported that tho National Gin.
ners Association In a preliminary report
estimated the crop at 1880. 900 bales
exclusive OF linters. Another estimate
was that Of well known cotton man. who
placed the crop at 1850. 900 bales. in
Guiding linters.
Cordill wired an unfavorable report
from Houston, Tex. stating that the big
producing cotton counties In the central
part Of the State have never recovered
from the August drought.
The sun., 1913-10-24
TVr CINCINNIII. LEBANON & NoRIa
IRN RAIIMAN lNNfHANl.

'''lcH OF inc Iffht-l'f-
IitishVrgh Pa october l. 10?
fir.t Consolidate ao1sag" 80 Golt bond.
OF th!S Company - an 0Crrr-Nfr Cp.' = {.
1900 will tr purchased 'ot the Srsur T.r..
November /. 1913 from tlr lowest bidders. t. .
price not - exceed par and .utrrr-'. ~ollrd
proposals 60 sell bonds wrNt he u tue h.Ht-
OF The tHrl or.' Loan ard TrGSt Company. Nre
York. hcinre thrtr clock T. NJ. t..ias. C,-u-
bcr 81. 1915
p. " McENICrr rrcn-ur--
The sun., 1913-10-24
PUBLIC UTILITIES.

The Virginia Railway and Power com.
panS for septsmeer' isiS, reports gross ,s
ss' over the same month OF 1917 Ne,
earnings were sls7,62". or Il decrease Of
wht ,n. sfpss ,os t'F ror Gs"Fss sS.
quarter ended September 80. 1919 gross
earnings Increased ss:+ia. net earnings
charges showed gain Of $3.50 over
the corresponding three months Of last year
Net earnings OF the company do not show
expenditures made for improvements and
betterments lnteres, charges We're also
been making a monthly sinking fund charge
of - 3oS,
There viii be a special meeting of the
Power Company OF Abingdon and Roc okiand
Mass on November J. rhe meeting is
capital stock OF the company by an issue
OF +72 shares OF stock. which VIII be sold
to the he .sc1 at to ns
In the ratio of one share OF the new stock
to each four shares OF the old stock. The
new stock 10 to he issued In order to secure
funds fop the retirement OF the floating debt.
Current earnings OF the Monmouth Light
Ing Company amount to approximately twice
the interest charges on It's first mortgage
bonds. The company was organized In 1911
Light Company. and al present serves Free
hold Engllshtown, Marlboro and interme-
uiate territory IN monmouth county New
Jersey. The company has installed much
new machinery and the Transmission and
distributing System has been extended. The
average per capita consumption OF electric
current In ten New Jersey towns Il s. 81
per year, but as the per capita consumption
Of the Monmouth Lighting Company Is con-
u>Gerably below this figure there is room
Cor a good expansion OF earnings,
The Pacinc Power aud Light Company. a
subsidiary Of the American Power and Light
Company. reports gross earnings for Sep.
tember. 1918 OF Sile,tl9, an Increase OF
s7.4s6. or per cent. Expenses and taxes
decreased per cent and net earnings
amounted to t6t,3gs an increase OF 10 per
cent For IN. twelve months eiried Sep
tomber 30. 1913, the company's gross earn
ings aggregated sl,3b5,+ll, an Increase or
s3i,s.e. or 8 per cent, Expenses and taxes
were $500. SOS or | per cent. less than In the
previous twelve months.
Gross earnings OF the Texas Power and
Light Company, n subsidiary Of tho South
western Power and Light Company for the
month ~ september 1919, aggregated &ee,
05l, or were ls per cent. greater than In the
same month OF the preceding year. Net
earnings amounted to s3G,s an increase
OF 1S'53s. or is per cent. For tho twelve
months ended September 80, 1913. gross
earnings were slo7s,G2o. nm expansion of ! 3
per cent. Expenses and taxes Increased "3
per cent. and net earnings were $i0s,d71 or
/ por cent. greater than in the preceding
Twelve months After pay Wcnt Of interest
charges of yi7S,03S, and prAerrcd dividends
OF SiO9,J60 n balance Of Sl@l0s1 remained,
which was &lJt6h. less than Tor tbe pre-
visus twelve months.
The sun., 1913-10-24

Cash markets were Wheat. No.
Northern at Minneapolis. s2asc. No.
Northern spring. o b. s5i.c. No hard
b TO arrive. 9ts.c: No. red O b.
20 &c; No. l Manitoba o h. a0iac Corn,
No yellow T. IS lac; export o 10
arrive, 7shc Oats. No. white. i4L, a45c:
No. white, 4Siac, standards %+Q+5c
Rye. No. Western New York, lie.
Barley. mailing Buffalo. 6sn-sc
Flour, spring patents, 81 tons4 a5 spring.
clears. ss7sIsAlo; Kansas, stralghts to
arrive, 34USi30.
The sun., 1913-10-24
CHICAGO { Prices were

Sugar-The market was unchanged YES
terday with no sales reported OF either
raws or refined.
The sun., 1913-10-24
Sales were 81. .i5o bags

SHIcH We're hI IIW NlRS
Provisions closed higher. Cash pork was
| unsettled mess. S23.,5 S9i "a family.
S25m s2,. Cash beef was steady packet
$laMs20 family, &20mfe2 Cash lard was
| easy prime Western. $il refined Con-
| tinent $ll,25 South American. sll95.
The sun., 1913-10-24

IL A NJ. Dds 10 Liverpool we're Oc-
toher l4l2: December. 1891: January.
1853. The market there Is due to open
to-day 20 !. points higher.
Port receipts and stocks were: