davidaulloa/AmericanStories huggingface dataset:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16
WAR OPENS GREAT
POSSIBILITIES FOR
FIRE INSURANCE
American Companies Look
for Big Business Because of
Stringency Abroad-Gov-
eminent Places $3,225, 900
War Risk Policies.

The insurance business has been ad-
versely affected by the European war, but
probably not to such an extent as other
lines. Insurance men say that although
they notice some falling off, particularly
in fire insurance, II has not been on any
large scale. Then, too, they declare, the
war has opened up greater possibilities
for the American insurance man, because
customers have evidenced disposition to
discriminate against foreign companies,
particularly those of France and Ger
many. on the ground that their policies
with them would not be as safe as with
an American company, for. the reason
that all of the money the foreign compan-
les have is needed now at home.
Insurance men explain that this should
not be the case, as, under the laws, for
eign companies doing business in this
country are compelled to keep certain
surplus in the United States to meet their
obligations here, and that anyone wish
ing to patronize foreign company should
not hesitate in doing so for this reason.
But then, all in all, there seems to be a
disposition to favor American companies
when any business is to be done.
The falling Off in the fire insurance
business, It Is pointed out, is due prlmar-
lily to the fact that the war has cut down
exports and imports to minimum. and
consequently there Is no need for large
insurance of warehouses where goods are
Kept pending shipment. This falling off
has been in part compensated by war risk
insurance, which has thus far balanced
the scales, but for how long insurance
men will not offer prediction.
The marine business on coastwise ship
ping and to ports in South America is
running along about the same as Ia the
business to England, although slight
falling oon In the latter has been noted
The insurance business In Europe" said
an insurance man today who returned re-
Gently, "is at a standstill because of the
war"
Taking this into consideration, then,
there are great possibilities for the
American insurance man, both at home
and abroad.
From Washington came the announce
ment today that the Treasurer of War
Risk Insurance has already issued war
insurance on eleven vessels, eight of
which ply between this country and South
America and three engaged in European
trade. The total insurance carried on
these vessels Is said to be about g. 225, COO.
The bureau also has pending war insur-
ance applications amounting to 600
to be carried by fleet of eight vessels
engaged in the European trade.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16
PHILADELPHIA MARKETS

s1.5Oa25o: Delaware per hamper so6eoe
lemons per box s3N4; Pineapple. per crate.
Porto rico, Si25a3.25; Florida, si@2bQ;
cranberries. Cape Cod. .Ealrly BLACK, per Dbl.
crate crate dark. siT5d2 25 iisht sidl go.
huGkleberres, per. qt,, 4@sct peaches, Vir-
per crate, T7c. a Sl.Ho; do, Delaware and
Maryland, per basket 25d I5c. do, do, per
basket large white or yellow, 60meoc; me-
dium, 35m soc; Jersey. white per y basket
si pears nearby per bib Js bartlett tltd No J.
S3591"5; do, NSo3 y 2''m a2Si CiSSpPSS 7sn
32j other varieties, s2m3. Erapes. south
ern Delawares. per carrier 500 I5c.! Com
basket. 2op 23c.' cantaloupes, colorado. per
crate SiH1.IO; do. do. Hats, iOIt IOc.; do,
MarvIand. per crate 25dGOc. watermeions.
southern per car, $50 "a 100; do, Jersey per
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16
NEW HAVEN R. R. Will
SPEND $1,5OO,OOO TO
ELECTRIFY LINES
Directors Meet Tomorrow to
IndorSe Project - Have
Already Spent Nearly
$16,000,000 On N e W
EIectrifcation.

contract for supplying electric power
to the New York, New Haven and Hart
ford Railroad and the New York, West
chester and Boston Railway, made with
the New York Edison Company, is cx-
pected to be concluded at meeting Of
the directors of the New York. New
Haven and Hartford in New York to-
morrow.
The plan is to have the Edison Com
pany supply power to the New Haven
between Woodlawn and New Rochelle on
the main line and to the Harlem River
and Port Chester Railroad between
Harlem River and New Rochelle. cur
rent will be supplied to the entire system
OF the New York, Westchester and Boston
Railway.
The electric zone OF the New Haven
west of New Haven REQUIRES about 200 =
VVO'V" klowatt hours Of clcctricitv It
Is estimated that the cost of current pur-
chased from the Edison COMPANY and
that generated by tho subsidiaries nr
inc Now Haven will run between 81 400. =
VW and 81, 900. New Haven has already
spent approximately SlG.Qoo0OO on elec-
triftcation.
me holders Of nearly all of the per
cent nrst mortgage bonds Of the Arkan-
sas, Oklahoma and Western Railroad. on
which semiannual interest was ,efaulta1
on July /, have Joined with tho bond-
holuelS protective committee and deDoS-
tied their bonds with the Real Estate
trust Company, the depository of the
committee. The nominal time limit for
deposting the bonds expires today. Mem
a 10 n,,,it+ III
they expected to receive the small re-
mainder still outstanding.
The annual report of the American
Railways Company for the fiscal year
ending June 80, 1914 shows total in
come of the company from subsidiary
companies as SlO2G,351 compared with
S93,4i2 in the previous year. an increase
of $i29l9. After deductions Of si42 532
against Si6S,JO6 in the previous year for
taxes and miscellaneous expenses, the net
income was Sj93S2S, compared with 1924 935
in 1918. The net income is equivalent to
6.7 per cent earned on 6,7l3l $50 common
stock, after paying ! per cent. on 5000
600 cumulative preferred stock. compared
with 5.7 per cent. earned on the sam"
amount of common stock in the fiscal
year ending June 80, 1913.
The next annual meeting Of the stock
holders of the Southern Railway Com
pany. on October Is, will mark new
era in the history of the company, as it
will be the first meeting at which the
1900 stockholders have had the oppor-
tunity to vote directly, the voting trust.
in existence since the organization OF
the company in 1894, now being in process
of dissolution,
,o,orIi,c, to renort. s. L. Schoon-
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16
FINANCIAL NOTES

The gross income of the American
Smelling and Refining Company for the
six months ended June 80, 1914, was IS, 7S2,-
254, compared with s6,611 GIL in the same
period of the previous year. After total
deductions of administration expenses,
interest and preferred dividends, bal
ance OF $l,9566 692 was left, compared with
SSS@i In lsl3 equal to S.sl per cent.
earned OH 100000 common stock this
year against AL per cent In the corre-
spending period of the previous year. The
surplus for the six months was ss56,692
against sl,Ol7S9i in 1918.
1t was announced in Washington that
to date there has been issued S2S5. .OOO, 900
emergency currency.
trust Company of New York has been
Med in Findlay, o.. by the Ohio State
Telephone Company.
The New York Subtreasury gained
s665'UOO from banks yesterday and since
Friday, $,7O9,OOO.
- jurisdiction of the Pennsylvania Pub
nc service Commission Is questioned by
me Jersey Central in statement filed
win That body as to whether the com
mission can compel the railroad to per-
mt other roads TO unite with 1t in build
ing new union station at Scranton, Pa.
q. H. Calef for many years secretary
ana treasurer of the Missouri Pacific Rail-
n, ].
Zen national banks in this city report
having put in circulation only about s5,-
NooN of the $8,OOOOOO emergency currency
PUT OUT here, as evidence of their cash
stability.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16
UTILITY MANAGERS
WILL GET CLOSER
TO GENERAL PUBLIC
Street Railway Men of
Country to Adopt a New
Platform of Principles.
Drastic Laws the Cause.


Recognizing the Importance OF establish
ing cordial relations with the public the
A,,,or,oon E,a,t-,o RoiI,yov Assooiation.
=, =,
at lts anhuai coh'ehtioh' 10 oe "eiu III
Atlantic City, October 12 to 16. will formu-
late n declaration Of principles embracing
!. - ..,to,. ~, ,yh,t
"ha' IL pe'e'es W 10 ''''ei'e'' u
these relations should be. A committee
representing the strongest men in the
o,ootr;o r,,,nav ee,d IN this country has
,,.,, 49,, -,
peen at WORK whipping the iorHiei uec-
laration into shape, and the report which
will he presented to the gathering was
,.,,.,,, aot;,g hare today
rupi,c Ieiat.ons 10 80 e ,,ti,o % ,,t,,it,, CO..
.t .op.v ~ o.s .e ori onerators Re-
pora.lon ,'. nianas -, nu a,,utr', u tLos. hawo
Gently III. @iS ~. - 49, 10 -,
oEen pu' my eileIl vi '.s'., , .t 90
erTins the nhalve @nu 49,, VI
utiities' especialy ..e stIeet "a. - .r, uy o.
ana IL IL tne pe'iei Vi tne ~ ''as
tnere snou'a ,h DO PpSpers ~ wbst
the seherai puoiic inIor iia,'oIl as " wnat
the read)ustments are una "t,a. @ WI. DC
their erect, especiany upon 'hat par' Oh
the pubic whlcn mas money ih'esIeu III
the securities or pubic service corpora
tons.
every important electric railway on the
North American Continent and very
large number in South America. An at
tendance of between four and five thou
sand railway men is expected at Atlantic
City, and in spite of the depressed busi-
ness conditions the exhibit of electric
railway appliances and apparatus will
cover moro than 10000 square feet of floor
space. The association consists of a par
ent organization and four allied bodies
covering the engineering, accounting,
claims and transportation departments of
tn, me,tjnp there will he Ave conventions
in continuous session and more than 70
committees will renort.
361 $780, a corporation Is being formed to
provide most of the electrical service for
York. Pa and a considerable portion of
York County. The new company, known
as the Edison Light and Power Company,
will include the Edison Light and Power
Company, the Merchants Electric Light.
Heat and Power Company; the Lower
Windsor Township Light. Heat and
powar romnapy, tho cpripo, n roya iuht
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16

efforts that have boen made to reduce
expenses.
Second. The unforeseen European war
has brought about an unparalleled de-
struction of wealth and dsocation ot
credit throughout the civilized world. re
Is certain that the competition for capital
Will be keener and interest rates higher,
for some years to come than in any corr
responding period within living memory.
The emergency thus resulting is extremely
serious 1t IS cOnScrvativey estimated
that the railroad companies Of the United
States have obligations maturing i'm the
nrNt 10 months amounting to wen over
so. 100000, and il is imperative in tho
public interest that these obligations shall
he duly met. y large part of this sun,
Is owed hv your petitioners and they will
further need from time to time in the
next f"w years large amounts Of money,
to provide for improvements which viii
De necessary in the public interest to pre-
vent serious deterioration in the standard
OF transportation service In order u,
complete effectively for this new capitaI
theJ must have material increase in
reveuuc "
Ih'rd. The commission in its report
mad" certain tentative suggestions as to
measures which might be taken by the
carriers 10 secure additional revenue.
Your petitioners are proceeding n & ,Fcn1fiIN,
as possible TO put into effect the Increased
ir"lHnt rates I'm Central Freight Asso,,ias Z
ton territory, authorized by the report Of
the commission ana are giving earnest
attention 20 tn" other recommendation a
and suggestions of the commission with
respect to other rates and practices.
1T is believed. however, that the addi-
ts"ual revenue which may be secured by
the adoption of means other than gem
cral advance in freight rates cannot be
obtained i'm the near future and when
secured will be Inadequate TO meet the
needs of the carriers for increased rev.
euue I'm the present situation.
'Who""f"re your petitioners ask that
the commission modify the order afore-
said so as 10 permit the carriers to make
effective tn" rates specified in the tariffs
which We're. bv said order directed to be
Cancelled. except So far as they have been
o~ may he superseded hy advances filed
i'm accordance with the report Of the COM
mission and that your petitioners may
have such other and such further relief
I'm the promises as to the commission may
seem proper
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16
TRUST COMPANY RETURNS
Made Good Showing Despite the
Market stringency.

Considering the condition Of the money
market and business generally the Fhila-
delphia trust and saving fund companies
made n good showing in their report TO
the Commissioner of Banking for the cal
OF condition as of August "a, 1914
An accurate comparison with year aSp
canont be made, because the call for tho
approximate year was made In Novem-
her last year, and there we're only two
calls compared with three thus far this
year. 1t is the belief that another call
will be issued before the end of the year,
probably in November.
The Commercial List and Price Cur
rent in It's regular tabulation of the re-
turns made, gives the following totals
for the principal items: Capital, sA,-
296i3; surplus and undivided profits, sS9,-
162,3S5; deposits, s412, ,020. .42l; and loans and
investments, s457,4S4,3sS
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16
PORT OF PHILADELPHIA
Steamships to Arrive
Steamships to Leave
FREICHTS AND CHARTERS
STEAMSHIPS.

Eymouth tBr.l. Gulf TO France. grain. 81, 900
quarters. Is. 0d.. Sept
Herredale CBr(I Gulf to MarseIlles. grain,
10000 quarters. 3s.. prompt.
Fran (Nor). l762 tons. Philadelphia and
Hero. S4is tom toms rVn Nor Ptran:a,sntic EaR trade
one round trip. private terms Sept
Boston (Nor;). 1873. tons. Halifax to United
Kingdom. apples, private terms Sept.
Concord (Br), 1928 tons. Savannah to
United Kingdom. or Continent. cotton, etc
Europa CDanJ, s7e tons, West India trade,
12 months, 5000 Nov.
coal. private terms.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16
FOR INSURANCE PUBLICITY
national Campaign of Education is
Started in Cincinnati.

CINClNNATI, Sept. l6.-With a fund
,Is ,haue possible by the National Assocla-
uoh h OF Life Underwriters. a national
sanpalsn to educate the public IN life in
sIIiance matters was started here today.
.'eIhoers OF the association agreed upon
HNy OF cents for each 5000 OF
BUSINESS business written by them, the amount
oo.ected oo.Ited 10 be placed in a general edu-
Sanon and publicity fund.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16
GRAIN AND FLOIR

WHEAT--Reccipts, 3s.Gs6 bushels; market
strong and advanced Pc. under hullsh specu-
laticn IN the West Export inquiry fair.
Car lots. In export rleFator-Eo. red. spot
and September SLOTH liz; No. . red west-
St.236J t.2s.
CORS-Receipts. 5000 bushels: princes adj
vauccd tc With more demand and stronger
Western advances.
Car lots for local trade as to location
No. yellow. NTm 81 &C; steamer yellow, SOS
a SIC.
OATS Receipts. 1906 bushels: market
a,,roug and ! be. higher in sympathy with ths
West
No " white 59ia M5lc.; standard white,
5HTi j." &C.; No. white - ~ n -.
FLOUR Receipts, 12SS barrels: 1915 SGT
pounds iu sacks. The market dun and prices
largely nominal, hut undcrtonc nrmer in
sympathy with wheat Winter clear. Si.T5ND
>; do: straight. S7m 5.25: do, patent: $40
as; Kansas. straight iute sacks, S5.1O6n
j.25i do. patent. Jutc sacks $1,000 $50;
spring fret clear. S5m5,25; do, straight,
SI.25m 5.5u. do. patent, 81 GOm6: do fav-
orita brands. SG.25m G.75; city mills choices
and fancy patent SG.@1mG.T5; do, reRulat
grades Winter clear, Si.TJnl1 do, straight,
Sjm 100. DO. patent, S5.5OmG.
RYE FLOUR Quiet and steady at $50
- per huI. in wood.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16
ERIE R. R. MAY CREATE
NEW $3OO,OOO,oOO MORTGAGE
oall Issued for Meeting Next Month
to Consider Plan

.eaton OF refunding anu improve
nno oiell mortgage Of approximately $500, ,OOO,-
"lll be considered at a special meet
ms OF stockholders OF the Erie Railroad.
pe held In New York October 10.
~ lhe can for the meeting 1t is pointed
out by directors of the company that tho
mortgage Is planned 10 cover the prop
elues' rights and franchises of the rail-
ioau' The annual meeting of the COM
Pahy Will be held on the same day.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16
VEGETABLES

Potatoes firm and active. other vegetables
generally steady. White potatoes, per hushel,
pcnusylvanIa choice, T3T fjc.; do, fair to
good G5aGsc white potatoes. Jersey, per bas-
kc', IOT5Or.. sweet POTATOES Eastern Shore.
swoc's. jersey. per harrel 80. L. 81. .75m2;
40. . T5cTS1; sweets. uer barrel No. I.
- JON3: SO. e. 81 10t TIi sweets, Jersey, per
basket. 10HGoc onions, Western and Connects
cut valley choice. per lOO-pound bag, 81 %; dos
medium, per lOO-pouud bag, ~ cabbage dos
nestle per ton. S12H1t:. celery New York.
per bunch, i2n3oc.i mushrooms per I-pound
Ia JOH II
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16
BIG COTTON ORDER

~ ~ was lnnounyed tolqy that Mont
oeomlsry' Ward Co.. Of Chicago. have
So. ee,el 10 30 bales OF cotton at. 10 cents
~, pouhu ana other Chicago manufaa-
m. ao" Lus less concerns have Joined
- buy-a-bale" movement 10 purchase
Aszas cotton.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16

FOREIGN TRADE SMALLER
Both Imports and Exports Fell Off in
August.

Both Imports and Exports Fell ott III
August.
WASHINGTON. Sept. 16--Imports into
the United States in August we're lower
than any month since November 1Oll, ac-
cording to statement issued by tho De-
partment of Commerce today. Exports
reached the lowest point since August J.,
1909. Imports Of merchandise were $l2s'-
399, 1876, compared with si3765l,553 In Au-
gust, 1913. For the eight months ended
with August, 1914, imports amounted to
81, ,269, ,993, $50, against S1,156@5O22S for a
similar period in the preceding year.
August exports amounted to siiO337, ,5i5,
compared with s1SI9O9,O2O in August, 1913,
while for the eight months ended August,
1914, exports amounted to $l3ll,3lV,tOh
compared with sl,515, 1921 i57 for similar
period in 1913.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16
DAIRY PRODUCTS

BUTTER Demand fairly active and
market firm under light receipts Western.
fresh solid-packed creamery, fancy specials,
34c.; exceptional lots higher. extra. 32m
30 &c; extra hrsts Sic. trsts, 29i2 n 30 l9c. /;
seconds. 27i2 N IS Ic.; ladle packed, - n DC.
az to quality; nearby prints, fancy. Soc. /;
do. average extra 33Gi 34c. do, nrsts. 30
N 32c.; do. seconds. 27m 20c. Special fancy
brands of prints iobbing at 3HN tic.
EGGS-Desirable stock I'm good request
and firm. Receipts only moderate. Iu free
cases, nearby extras, 3ir.' per doz nearby
nrgts IS 80 per standard ease. nearby cur.
rent receipts ST.5Om $50 per standard case;
Wcstcrf extra frsts, $3.50 per case do2
irsts ST.iU6pT so per case. do. seconds. $500
GiG.pO per case. Candlod and rorraiod fresh
eggs were jobbed out at 356$Ic. per do2,
as To puality.
CHEESE-Trade slow and prices favored
BUYERS. New York fuiI-crcam, choice, lNt
1Gigo.; do, do, fair To good, l5'-u lbr.i do.
mart skins, gQlin.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16
BERLIN BonNsn~,.aasEE.

Word was received here today from
Berlin announcing that settlements on
the Bourse had been postponed from the
last of September 10 the end OF October.
Interest on commitments was fxed at
64 per cent.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16
FOREIGN EXCHANGE

NEW YORK. Sept. l6.-Foreign eX-
change was duh and easier today, with
demand quoted at Hss and cables at
SL9sIs.
There were no quotations in Continental
Exchange,
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16
RAILROAD EARNINGS
JERSEY CENTRAL

lalI Decrease
July oper. rev. IL G. c.. S2bi2S2T Ils4. ESQ
Operating income ...,...... 789 S53 l5B. $50
GEORGIA SOUTHERN AND FLORIDA.
First week September .... s4o,353 81. $40
From July ERAiT,TIIMJoRE AND OHIO 1S'i i''S"
July operating revenue. .sS li60ss SSTs. .q32
Operating income ..,....,. 1000 Tt9 3si $40
slncTease
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16
SUGAR

Refined, quiet but firmly held.
Standard granulated, 1907 thoE .nile
Eranulated, T.2I1 T.5OC powdered, t3'P
6Oc.; confectioners' A lisa 7.IOc.; soft
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16
BAR SILVER

Bar silver in London today was up 5-lsd.
10 2p.d. In New York commercial bar
silver Jumped S.c to 533s cents
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16

Crown Reserve Mining Company, regular
month per cent, payable October is
to stock OF record September 80.
Kelly Springfield Tire Company, regular
quarterly Ia per cent. on nrst preferred
and ia per cent second preferred.
Checks to be mailed today.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16
OIL PRICES oUT AGAIN

The Imperial oil Company has reduced
the price OF crude oil &c. q barrel 20 tltl.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16

American Window Glass Company, q divi-
dend OF per cent, on the preferred stock.
payable September 20 to stock OF record Sep
far this wear.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16
DIVIDENDS DECLARED

New England IeIePhone and TeIegraph Conn
pany, regular quarterly Sl.75. payable Sep
tember 80 to stock OF record September l8.
Public Service Corporation OF New Jersey
regular quarterly OF lb per cent, payable
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16
FRUIT

Apples In fair request and steady. Other
fruits showed little change.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16

Residents of Riverside, Riverview and
Muhlenberg Park, NJ j.. are interested In
plan 10 provide electric railway service
between Riverside and Tuckerton.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16

mortgage in favor of the Bankers
Trust Company of New York has been
Med in Findlay, o., by the Ohio State
Telephone Company.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-16

The New York Subtreasury gained
S65OOO from banks yesterday and since
Friday, $l.7O9, 900.