davidaulloa/AmericanStories huggingface dataset:
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1914-05-29

81. Louis, May 29.-Mrs. Richard
a. KerenH. wife OF the former ambnF-
.sador 20 Austria. Is Head la I'hlladel'
.phin, according 90 "a Telegram received
here today by the former private sec
Rotary OF Mr.. kcrens.
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1914-05-29
MISS HYDE WINS wOMANs
GOLF CHAMPIONSHIP

tBy Leased Wire a. Evening Herald .
brHugc, 81 T.. MAY g-Mifs Iil-
Ian 3D. Hyde won mo Women Metro
pulitHn golf championship today. de-
ieafing Miss Grorgiana Bishop by o
up aud Go play.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
BANKERS SECRETARY
SEES A PROSPEROUS
ERA AHEAD FOR US.
Comes Here for Conference
and Speaks Encouragingly
of Outlook for Big Finan-
cial and Commercial Trade

An optimist of the most pronounced
the Investment Bankers Association OF
America. He can see nothing ahead for
this country but a period Of unequaled
prosperity. He has made inquiries in all
sections, and from each the return has
come to him that confidence is every
where being restored and that it will be
only. a question of a short while before
there shall he a revival in the business
and financial fields which shall spell
good times" for every one.
secretary Fenton came here today from
Chicago, his home town, to confer with
local investment bankers concerning plans
for the forthcoming gathering of bank
ers, which is expected to be one of the
most important in the Associations his
tory. The convention date has not yet
been fixed, but it will very likely be held
during the third week of November.
Things are much brighter in the west
and middle west" said Secretary Fenton.
in discussing the financial situation gem
orally. 81 hear very good reports from
the east and | am confident that this
country is now on the verge of an era
of PROSPERITY never before equaled in
its history. Crops are great the people
generally are prosperous and there Is COM
ing a slow but sure resumption of busi-
ness that is apparent to a larger degree
as eacn day passes.
From the standpoint of the investment
banker, the situation is very encourage
ing. There is a growing demand from in
vestors for the securities of high-grade
corporations, and this demand will in
crease. A decisive battle in Europe would
go long way to adjust conditions gem
orally and would undoubtedly lead to the
reopentng of exchange trading on a large
scale. / expect that the war in Europe
will develop a demand for American Sc
curities which will exceed all expecta-
tons. Foreigners have an opportunity
now to see the extent OF the stability
of American securities, and l have no
doubt that there will be more inquiries
from foreigners than ever before.
ION the whole the situation is encourage
ing. Confidence is being restored every
where throughout the country there ap-
pears to be a better demand from small
investors, and while the banks are in
clined to be a little receptive just vet,
there will soon come a resumption that
will bring about a more prosperous con-
iition than has ever been apparent"
The Investment Bankers Association is
made up of the principal bankers i'm this
country and Canada. George w Kend-
rick. Sd, of Il. w. Clark & Co.
and William West. of Henry & West.
are the Philadelphia members on the
board OF governors of the Association.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
BIG TRADE EXPANSION
Is COMING SAYS BANK
Corn Exchange National Feels That
Great Prosperity Is Near.

That this country is entering upon an
era of trade expansion, is the opinion
of the Corn Exchange National Bank, of
this city. The bank believes that 1t
may be slow, but that it will gather
force.
"One fact stands out prominently in
the business situation. and that is the
disposition of buyers to sail close to the
wind says the bank.
This is not surprising in view of un-
settled financial and trade conditions;
a conservative policy is not only advis-
able, 1t Is necessary. Another promi-
nent feature of the trade situation n
poor collections Patience and indulgence
should be practiccd until conditions are
more normal.
Speaking generally. business is spot
ty, with much better demand In some
lines than In others. Farmers are get
ting a fair share of the increase in war
prices for grain. Probably never in
our history has the trade situation
been so complex and difficult of analy-
sis, for never has war found the ma
tions so interdependent commercially
and financially.
I'VE still continue to think that the
country is entering an era of trade ex-
pansion, which, while it may be slow,
should nevertheless gather cumulative
force with our adaptability to the new
conditions which have arisen"
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
PHILA. COMPANY DIVIDENDS
United Railways Investment Com
pany Offers to Sell It's Scrip.

With regard to the dividends recently
declared on the preferred and common
stocks of the Philadelphia Company, the
United Railways Investment Company
Is sending a circular to stockholders an
nouncing that the common dividend is
payable in scrip redeemabe on or before
IS months from November 2 next. The
investment company offers to its stock
holders the opportunity TO purchase its
portion of such scrip, subject to prior
sale at par and accrued interest from
November 2, 1914 The offer remains
open until December 81 next.
The investment company also an
nounces that the interest on it's collateral
trust sinking fund per cent. gold bonds,
Pittsburgh issue, due November l. 1914
will be paid in cash as usual. The semi
annual dividend on the Philadelphia
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
IDLE CAR DECREASE
FORECASTS LARGER TRADE
Heavy Grain Shipments Largely Re-
sponsible for the Improvement.

Sponsible for the Improvement.
Since July Is there has been a con-
slant decrease in the number of idle
freight cars on the sidings and In the
yards of railroads in the United States
and Canada. The fortnightly bulletin
OF the American Railway Association,
issued today, shows that there was a
net surplus of idle cars on September
Is of 136049, compared with 1863 1926 on
September 1, a decrease of 27,277.
During the two weeks the net surplus
Of box cars decreased from 74,922 to
55,9S5, and the surplus of coal cars from
46,075 to 39,367. There was an increase
in the fiat car surplus, the total of
1887 comparing with 1898 September /.
The decrease in net surplus of all cars
in the two weeks ended September 10 of
2I,277 compares with decrease in the
preceding fortnight of but 1919. Net sur
plus of September is this year of 1885,
049 compares with 40159 year ago.
A feature of the detailed figures of the
latest statement Is the reduction in the
net surplus OF box cars of 1889, reflect
ing the freer movement of grain. In the
month of August the surplus of box cars
actually increased from 71.0& to 74,022,
due to the dislocation of shipping facili-
ties which resulted in tie-up of the grain
movement, an embargo prevailing on sew
eral roads.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
GRAIN AND FLOUR

varieties declined e. hui winter wheat g,lIt7
ably unchansed Ours!d" adHnes weaker EN-
port inquiry less active. Ear lots, I'm EXPORT
eleyator-No . red, spot and September, SllO
ala; No, . red Western. Sl-lfNl,lgs No /
Northern Duluth Sl.22ll.2T
CORN,-Receipts, 500 bush. Trade quiet
and prices '4C lower. Far lots for local ira ~.
as 10 locatiun-No. . yellow, SNU NSlec-. steam
yellow S7leGSSo.
OATS-Receipts 32,s24 bush Market less
active ana prices declined lgH, No. . Wht..
Ar2a55e. standard white. 5+aa'.c., No. 3
White. 5Ii2T54C.
in sacks rhe marka, 1uli Sn# ntrsi sr.s ts
Winter, clear Si75g5 10 straight S1u5 =;
do patent, 81 HiONH7 -. Kansas. sgrgi ght. iutc
sacks, s. 20d so. io.. patent, jute sacks S. 80
1870; spring, first clear. S5I5 25 DO,
straight - 2iH1.5I. 1H.. patent. S5Gu1G. flY-
orite brands, SG25dG.75 ri.v mills choice
and fancy Patent S62-dG51. du., regular
graies-Nutcr. clear. 81. .75U-, do. stratuf.t.
S5u5.ao; DO. patent. S55rIG,
RYE FLotR.-Quiet, and unchanged, at
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
REoPENING OF LONDON
EXCHANGE CONSIDERED
Naval Disaster Disturbs Trading in
Securities-Moratori Rule.

LONDON, Sept, 2S.-The Stock Bx-
change subcommittee today completed
its consideration of the question Of re-
opening the exchange. The committee
presented a report to the Government
members and now awaits the combined
action of the bankers and the Treasury,
which It is believed will not be taken
during the existence Of the moratorium.
1t is expected that the moratorium will
be modified on October 4.
Trading in securities was quieter to-
day and the feeling was less confident
because of the sinking Of the three
British cruisers yesterday by German
submarines. this news offsetting the
favorable advices as to the progress of
the campaign in France. Gilt-edged in
vestment issues were stagnant There
was buying of home railway issues and
oil shares. Canadian Paclfics were 160.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
ITALY PUBLISHES REPORT
ON WHEAT CROP OF WORLD
Says Conditions Show Production
Will Be 10 Per Cent. Lower.

WASHINGTON. Sept. "a cablegram
received today by the Department Of
Agriculture from the International In
stitute of Agriculture at Rome. esti-
mates the total production of wheat in
the following countries as 2G4 million
bushels, or 92.S per cent. of last years
crop: Hungary. Belgium. Spain. United
Kingdom, Italy Luxembourg, Neither
lands. Russia in Europe. Switzerland.
Canada, Denmark. United States. India,
Japan, Tunis and Constantine, province
in Algeria.
Barley production for the above named
countries, omitting India is estimated
at 1071 million bushels, or 9O.9 per cent.
of last year and the oats crop of the
countries named. emitting India and
Japan, is 2,779, 900 bushels being ST.
per cent. of last year.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23

WHEAT MARKET DULL
AND TRADING NARROW
Berlin Quotation Received for First
Time Since July 80.


CHICAGO, Sept 23.--The wheat market
today was an unlnteresting affair Trade
was less active than on yesterday ana
changes in prices were narrow. Prices
were heavy most Of the time, although
there were the usual fiurries incident to
war times. and the war time nervousness
showed no abatement. Quotations were
received from Berlin and Amsterdam to-
day for the first time since July 70. At
Antwerp prices were up sac and at Bcr-
lin l9Ac., as compared with the close on
July 30.
Sentiment was helped some by frmness
at Winnipeg, where exporters are doing
u large business. In the American
northwest the markets were lower. To-
ward the close here the markets scored
the best advance of the day on reports
of large sales of wheat for export from
the Pacific coast. Sales of the cash
article here were 5000 bushels. Rain and
cold weather have greatly interfcrcd
with seeding and soil preparations in
Europe.
At Berlin spot wheat was quoted at
Sl54A; at Antwerp, Sl.17ia at Paris,
S1l52i Flour at Paris is SG.Ti u barrel
Grain men attach significance to the $iO0-
100000 gold pool to reconstruct the for
eign exchange market. II is believed that
this will materially aid the export situa-
tion. The visible supply of wheat in Eu
rope is GS,96S,Oo0 bushels, against 6j,iOL0O0
bushels last week and 70, 100000 bushels
last year
Italy and the United Kingdom will un-
doubtedly show fair Increase in their
wheat area If the weather permits The
acreage in Germany and Austria will be
materially reduced because of lack OF
labor. The weather in Argentina is
more favorable. The receipts of wheat
at Minneapolis and Duluth today were
1903 cars. against 99S cars year ago.
at Winnipeg il2O cars, against 1ll7 cars
at Chicago, $40 cars, against IS cars.
Trade in corn was slow and market
easier. There was scattered commission
selling on better weather in the belt and
easier cables Prospects are for liberal
shipments from Argentina this week.
Corn at Berlin Is $14O. The receipts here
today were 103 cars.
Goats were easy. Cash trade was re-
ported poor. The receipts of oats here
today were 225 cars.
Leading futures ranged as follows:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
CLEARING HOUSE ACTS
ON GOLD POOL PLAN
Asks Banks to Help Raise Philadel-
phia's Share of SS,ooo,ooo.

The initial step in obtaining Philadel-
phia's contributor to the stOO, ,OOOO 900 gold
pool which will be used to relieve the
foreign exchange situation was taken to-
day when the Clearing House Association,
after long meeting, approved form of
request for subscriptions to all banks.
This request has been sent to all financial
institutions in this city after the meeting.
1t was also sent to the State banks and
trus companies, asking hat they aid in
raising the sum which this city will
supply, which is understood to be sS,-
o00, 600.
Enclosed with the requests for subscrip-
tions was a copy of a resolution which
was forwarded to Secretary McAdoo and
the Federal Reserve Board. This reso-
luton outlined the recommendations look
ing toward the proposed fund. The Clear
ing House Committee asked that banks
advise the committee Immediately
whether the committee could count on
the banks contribution.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
FINANCIAL NOTES

According to tabulation just COM
piled, the principal shareholders of ma
tional banks in New York, together with
their reported book values, are George
f. Baker with holdings appraised at
Sl2,5sS,@S2; James Stillman, with hold
ings valued at S13,24O,OOO; the j. p. Nor
gan interests. with holdings valued at
S6.797,OO0 and William Rockefeller, with
holdings valued at S343l,0O0. John d.
Rockefeller is recorded as having shares
In only one national bank, the National
CITY In that he is credited with owning
1850 shares, valued at $4O2,5OO.
Unless protest by the Wabash-Pltts-
burgh Terminal Company, which con-
trolls II, Is upheld the Wheeling and
Lake Erie Railroad will be sold under
foreclosure at Cleveland On Friday
A proposition to float a 100000 loan
IN Easton was defeated at a special
election by 80 votes.
Denial that the stock of the Colonial
Trust Company, at 18th and Market
streets, has been sold to the Logan
trust Company is made by Harvey L.
Elkins' president of the former COM
pany' An announcement was made in
June that the Logan Trust Company had
agreed 10 pay 800 a share for the stock
OF the Colonial Trust Company, which
has par value of $50 a share and was
10 take over the latters business. Mr..
Elklns declares that although negotia-
items looking toward the consolidation
OF the TWO companies were under con-
sideration during the spring months, the
negotiations finally fell through.
The Honolulu Plantation Comnanv
has raised its dividend from 10 cents
10 10 cents month.
Stockholders of the American Water
Works and Electric COMPANY have re-
celved from II. Fl. Porter, president of
ihe company, letter telling them that
H. view OF existing conditions and the
ulIlcuity or securing the necessary funds
LOT constructor purposes by the sale of
securities OF subsidiary companies. the
directors have decided that II is mad
Elsable to commence the payment OF
dividends at this time.
The American Sugar Refining Company
today bought 5000 bags of Cuban raw
sugar on the basis OF 5,25 cents a pound
rms Is decline of 3-S cents a pound
from the last recorded sale.
The Oklahoma Corporation Committee
to-day issued an order forbidding oil pro-
dueers to sell for less than S. cents a
barrel. The order came simultaneously
WIN the announcement by the Prairie |
OIL ana Gas Company reducing quotations
to % cents barrel.
A protective committee has been organ
lzed by the large owners Of the ma
'l0OOO preferred and Sl7,773OOO common
stock OF the international steam Pump |
-GS2any' which recently went into the |
aaJ2 or receivers. The committee will
'sPissenl interests Of the stockholders.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
DAIRY PRODUCTS

BUTTER-Market quiet. but steady at
late decline. buerings moderate but ample.
Western fresh sglld-pagkel creamery f,1.s
hrsts 2SIgg2ol.c &C.. seconds. 2fa27i.c.. Rlie
tGeAsd, n gEe. as 20 quality nearby prints.
krFts asdsle'i DO seconds, aTa2SN ns,5r
fancy bEands ef prints l1bhnE az asa 600.
EGGs.-Ftns fresh stock pretty well
cleaned Up ~ steady prices. SUPPLIES u4-'f
2: heat damaged stocks. which wery dull In
zee cases. nerey extras, Bic, per d0z. near
rent nseelpts, ~ SoaT 50 per standard case
W esteIn s1tFA nrsts, SS 40 per case. 40 hrEfs
s. 500 80 par case. 40 seconds 81 nol1l,ss w 4 III
per ease cAndled and rscrated fresh ezss
s,S5f Sgify lop0sa our A. aSQjTe, per doz.. as 10
cHEEsE'-Ths market ara under hEht
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
Vessels to Arrive
DUE TO-DAY.
FREICHTS AND CHARTERS

demand for grain carriers has stimulated
activity In the steam market with rates prom
ising to advance. The sail market continues
STEAMSHIPS.
Stella Dutch. New York 20 Scandinavian
ports, grain. lS,O0O quarters. Is PROMPT
Hartland (Br.l. Baltimore TO French AtIantIc
ports. oats, rs, 600 quarters. 2s I'd. promnf'
Esrom tDan), Baltimore TO Norway grain
2O.OOO quarters. As, prompt "'' n'"'"'
Skojoldborg DAM, EIO0O quarters same
ssrmstia DAM, same. $4,000 quarters, is
Lin CNorJ. Baltimore to ChrIstlanIa, grain
20 900 quarters. IS. Cd, prompt,
Elrand tBr.), Gulf to Bordeaux, grain 2S-
600 quarters 3s., prompt. '
Welloeck Hall (Rr). Gulf to Marseilels
grain; 5000 quarters, as. lid. October.
Castle Bruce CBr), 20n3 tons Philadelphia
to Martiniquc. coal, private terms, prompt
Guildhall tBr). 1859 tons Baltimore to Glen
fuegos, coal. private terms prompt
Progress III. (NorJ. transatlantic trade. 4
months, Is 3D.. prompt.
sCHoONERs
Percy Birdsall S95 tons, PhlladeIphia to
Charleston coal. private terms.
Thelma, 40 tons Wiggins :. c. to Port
Land Me-, lumber, private terms,
Matanzas, lumber. So.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
FOREIGN EXCHANGE

The foreign exchange market was firm.
Demand sterling after opening at t.95la
m495a., hardened to 4.96 and cable trans
fers to 497
The demand Is now centering on the lat
ter form of remittance, as sight bills arc
no longer available for the coming quar-
terly settlement. Franc cables We're
quoted 5.1lis&5.12 and marks at 95ss.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
DIVIDENDS DECLARED

Manufacturers Light and Heat romnanv
regular quarterly . per cent. uayable GrtS,
bST u +, 70 ,,s,G s!Gek Of record seEtenher so
ord September 2i
annua. pa per cent, payable October n 70
stock of record september - "
Cam Canadian Cotlans Limited regular quar-
IOSeT . W.
Mestnghouse Electric Manufacturing Com
bSrmS FeSH'9F gnarIrTN IA per cent. on pre-
ferred is payable October Is ana tba epn p1T
mon october 80, both 20 stock OF record Ssn
lenlber 80 ' 'rp-
Underwoood Typewriter Company. regular
quarterly lAt Ter cont preferred ana / 70, ,Dir
cent. on common. payable uetober l To- stb6'tt
OF record september 81 " STOCK
pistllers Company OF America. rarrr,-
quarterly - or ! per cent on UrefrrreI nrl' n,.tl'
abl' o. -toher 81 To stock OF record Septembare az
indianapolis Water Works Securitf.. o.,
PAN, itg4,ar sgm,an4ual 3i= per cent on
SepieUbCr % OF record
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
BOND ISSUE APPROVED
Missouri Commission Grants Union
Pacific Application.

ST. LOUIS, Sept, 23.-The Public Ser
vice Commission OF Missouri has granted
permission to the Union Pacific Railroad
to issue S3l, SIS, 900 bonds under the COM
pany's general mortgage.
The commission announced that it would
not set a minimum figure for the sale
of the bonds until the company gets
ready TO market them.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
STANDARD OIL STOCKS

Bid and asked quotation on Standard
oil stocks today We're as follows:
Standard oil of New York, l76dlS5; At
lantic Refining, 425 $50; Standard oil of
California 262a272; Prairie oil. S25q35e
Anglo American oil, 12%d13la; Pierce oil
l2a15; Standard oil of New Jersey, $500
$50; Standard oil of Ohio, l5Gql6l: Vacuum
Oil lG0alS0
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
CHICAGO LIVE STOCK

CHICAGO, sent. 23-HOGS- -Recsir,rs %,
e' . .S1EEyss u i -. '' TO- lower mixeI and 6utIh
heavy. SdSo5. light SS.56aa'i5.. H. roggsh
il% Il ,.o hulS, $500 $50 CATTLEEHSecelS,s.
cows and hyifers. Na"S -: stnckers St-Ft4 u
sgS,i Is 81 5'4 StT Stis, r, P"N5ns $15oaS calves
easy AAtlve ami Western. 81 25G5 is Is56SSts IsrSts
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
PRODUCE MARKET

NEW YORK, sept g.-Butter steady .
receipts 20, Creamery, extra. solsqsIc.
M Moeate, aalLy tubs, 23@ Slac.; imitation
eresmery,teirst 24d24lsc.
EGGS, ueafttled; receipts. Is SOS Nearb,,
white, fancy sSd40c.: nearby mixed
fancy zoaA; fresh, hrsts, 24aS0c.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
BANK CLEARINGS

Bank clearings today compare with CORE
sponding day last two years
1914 1913 1879
PHILADELPHIA 2l7S 72a S27.7l .GN7 500. 7ao iiG
Boston ...... 4. 900. 80 90. T5l as - 255 sol
New York l7O 3,cI.GIi %, 20, 735 :G,5 25O,2 ~;
Chicago .... ~ ,B9T, Sl4 II sol 674 .......,...
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
NEGETARLES

F'.ataes p'enfi'E ami weak 10 sell Othsr
Ntsr' al.e7 unchanged NHts potatoes - ~.
gta1 - teansl y aHia, Holcr 6OqG5c d6 az
2 k"gl, "oH L'n-5 white potatoes. jersey -
Ssihore gsr bI-- 80. 7. 81 7sp 235 80. : ~ =
81: sweet potatoes. s. g.. per bbl 10 i IN III
81 No = l"r- uAl. sweets Jersey p.r M =
No, !. 500 o. No. 2 81 5CaiTS sweet.
hnd connecticut Nflley choice per f00-ib
b4s ;! onions "a ilum, per lu-Ib baE -
-. SaGgAse domestlci per ton. yl0aif 81
per i-lt. basket. So. . 81 %
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1914-09-23
RAILROAD NOTES

The special train of the Pennsylvania
Railroad, carrying General Manager S.
c. Long and about 800 officials of the
operating department of the railroad
passed through Overlook this morning
on the annual track inspection trip.
which started in Pittsburgh yesterday.
After the party arrives in New York
the train will go to Jamaica, Long
Island, where the officials will inspect
the intcrlocking signals in the Yards
there. after which the officials will re-
turn to their respective stations on the
company's system.
Directors of the Pennsylvania Rail
road, Pennsylvania Company and the
Pittsburgh, Cincinnati, Chicago and st.
Louis Railway met today. The meet
ing was the first since the summer
recess. After the meetings II was an
nounced that only routine business was
transacted.
During the last year the PENNSYLVANIA
Railroad awarded $500 I'm premiums for
the maintenance of sections and roadbed
in the best condition. The premiums were
awarded in Harrisburg last night after
the end of the first days annual inspec-
ton of the lines of the system which
started In Pittsburgh yesterday morning.
General Manager s, .. Long and about
800 officers of the Pennsylvania Railroad
taxing part.
The directors of the Norfolk and West
ern Railway met this afternoon. Il was
announced that only routine business was
transacted.
Theodore Voorhees,. president of the
Philadelphia and Reading Railway. said
today, Our earnings in July ana August
were poor, but business with us is now
must better tina nit was then Septem-
ber Is actually ahead of September. 1919
which, however, was a poor month. GEN
eTal merchandise Is nothing 10 brag about.
but the outlook is encouraging The an
thracite trade is strengthening despIte
the warm weather, which is considnreI
only temporary factor, The outlook
from the point of view OF transportatiop
is decidedly encouraging"
President l.. r, Johnson. Of the NorroIl,
and Western Railway said today. Nor.
folk and Westerns coal shipments fro1,
Norfolk for export are above normsi
The coal trafie OF the road In generaI is