davidaulloa/AmericanStories huggingface dataset:
Graham guardian., 1916-09-01
Notice

If you want to rent or buy an!
property ! have In Stafford, SCI
c. B. Yeti, who will take It uI
with me. ]. M. FOSTER. /
adv-26-tf |
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-14
LARGE DEMAND FOR LAKE SUPERIOR:
ACTIVE TRADING IN PENNA- STEET,
pumored Competition for Reading and Pennsylvania
Railroad Holdings of Stock Excites the Street
Drexels Buying Cambria at 81

change, but rallied again later. Another
conference between Schwab. Replogle.
corey and u, II, Morris was reported to
nave been held this morning.
cambria made a new top today at 81,
but there was comparatively little activity
IN the stock. Incidentally the Midvale
steer and Ordnance Company has given
notice to stockholders that the privilege
OF subscribing for s25, ,000 900 new stock at
t6O share to the extert of one-third of
their present holdings will be extended to
all holders registered on tho hooks at the
close of business February q next. AS
regards fractional amounts no right to
subscribe will be accorded except upon
surrender OF sufficient fractional warrants
on or before March 10 next to aggre gate a
tull share and the issuance of a full war
rant therefor. Payments on subscriptions
for full shares are to ne made to the
Guaranty Trust Company, of New York,
40 Broadway In New York funds not
later than March 13 next.
In an official statement issued this
morning and signed by Messrs. Donner,
Stotesbury and Reploglo they say: RE-
ferring to the notice issued by us on Mon
day, February I, In relation to the nego-
tiations for the purchase of Cambria Steel
Company stock, we now desire to state
that stockholders, by rendering their
stock to DrcXel e Co., properly indorsed
in blank and witnessed for transfer, and
with tax stamps attached, on or before
Saturday, February 10, at l2 o'clock noon,
will receive sS1 per share. payable in New
York funds. This is for the account OF
the Midvale Steel and Ordnance Com
pany." DreXcl & Co. announced that they
are prepared to purchase the stock of tho
Cambria Steel Company at the price and
on the conditions mentioned.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-14
OBITUARIES
A. FOSTER MULLIN
Paper Mill Supply Manufacturer and
Prominent Prohibitionist

A. Foster Mullin, a paper mill supply
manufa Cturer, with a factory at 18th and
Balnbridge streets, died yesterday, from a
complication OF diseases, at his home. 2l7
North 35th street.
Mr.. Mullin, as a young man, was asso-
cIated with his father In the paper manu-
featuring business. Since 1886, In connec-
tion with his two Sons, Charles l.. Mullin
and John s. Mullin, he conducted the
plant in this city. lie was actively as
ISOLATED with the work of the Prohibition
party and at one time declined the nomi-
nation of that party for Governor.
He was born at Mt. Holly Springs, Pa,
on September IA, 1881 lie was graduated
from Dickinson College In the class OF
1854, and from 1858 to 1859 was professor
of mathematics at that institution From
1853 TO 1860 he served as the head of that
college. lie left there to become asso-
clated with his father in the pape- manu-
featuring business. After the latter's s
death he continued the business with his
brother, w. a, Mullin. In Cumberland
county until the mill was destroyed by
fire,
Mr.. Mullin assisted In the organization
OF the Prohibition party In Cumberland
County, and for a time was its county
chairman. At various times he was a
candidate for different county offices on
that party's ticket and, at the convention
held in Willismsport recently, was nom
mated for Governor, but declined TO run,
He was active In Philanthropic and
church work. lie Is survived by his
widow, one daughter and son.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-14
T. E. WIEDERsHEIM's FUNERAL
Prominent Men to Attend Services
This Afternoon

The funeral of General Theodore Z,
Wiedersheim will be held at . o'clock
today at the Church of the Holy Trinity.
18Th and Walnut streets Interment will
be made I'm West Laurel Hi Cemetery
Eighteen honorary pallbearers will ac-
company the body when 1t Is taken from
the Wiedersheim home at St. David's
Members of the Veteran Corps, LIST Regi-
ment, National Guard of Pennsylvania,
will assemble at the Union League in full
uniform at . o'clock and will march TO
the church. Officers will wear badges OF
mourning on their swords and the corps
colors will be draped.
A list of the pallbearers follows: EX-
Governor Stuart, General II, Dale Ben
son, General James W. Latta. Colonel j.
Campbell Gilmore. Colonel C. Stuart Pat
terson, Richard l.. Austin, Colonel Will
liam Henry Sayen, William Henry Brooks.
William Wood. W. III. Badger Judge VIII
liam II. Stake, Joseph Wayne Colonel
w. w. Allen, Major Charles S. Turnbull,
Captain T.. S. Sayres. Captain III. o. Hast
ings. w. Frederick Snyder and Joseph b.
Goodwin.
Mrs Catharine Scull. General Wleder-
shelm's daughter. who Is in the South, Is
i'll, and will be unable to attend the
funeral,
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-14
WHEAT RALLIED
AFTER EARLY DROP
Liberal Receipts Reported,
Southwestern Selling a Fea-
ture-Small Reserves

CHICAGO, Feb 14--Under the innu-
ence Of selling by miscellaneous longs
and pit traders the tone OF the wheat
market was heavy today. Prices, how.
ever, rallied from the lowest May clos.
ing at i.273s, after It had been down to
1.269s, and July at 1.20%, after It had
been off to 1.20L. Among the sellers was
large concern that recently was a
prominent campaigner on the buying side.
First prices, which were &c. above Fri.
days close, were the best
Receipts at all terminals were liberal.
but they were particularly heavy at
winter wheat markets. Selling Of July.
or now crop futures, by the Southwest
here was n factor. The visible supply
IN the United states decreased $4,000
bushels for the week TO 66.4oo,0 600 bushels.
a prominent commission house said that
the smallness of the reserves OF grain
would surprise the trade. 1t said that
east Of the Missouri River the amount
of wheat was only 16 per cent 1t said
that the condition of the plant at present
was 76.
Corn rallied from the lowest, finishing
within Il cent Of last Fridays close at
Iiis cents for May and July The weather
In the belt was mllder and receipts were
heavy. oats followed the other grains
There were report of damage to the crop
from Oklahoma and Texas
Leading futures ranged as follows:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-14

-. euperior was the feature OF the
.,ns trading on the Philadelphia ex-
.s.nse today crossing II on heavy deal
~. 81 and establishing a new high point
ns s ,,s year. It was stated that a plan
~ ,sorearization for the Hlgoma central
Of ieU nrenarcd and Wi, be submitted
has - ,'eYt session of the Canadian Par
W, w for its approval The arrange
halI. trvolvas the read iustment of rcla-
menn ,,lth the Algoma Central terminals
TOTE Tho sale to Il OF the terminal
throus,i thras,iss The income bonds jumped
ps ors than four points on change.
,,,n trading in Pennsylvania Steel
hod came as a result of the bidding
prsshonn.r and Schwab for the Pennsyl-
H.i. and Reading holdings of this stock.
,,,,us the president of the Cambria Steel
c.,nnany and the head of the Bethlehem
s,sai Corporation presumably are not
sss.arsd In an open contest for control
n.spsssnnsyIvanla Steel the street UNDER
o.Ss o. That there is some competition be-
.Sr them for the shares held by the
l,saads According to current reports
~! ponner offered 800 and Mr.. SChwab
~. m,, a. share for the Pennsylvania Steel
wv Nw'tirred stock, and each offered $40 per
p.so for the common. A difference in
~. two proposals Is said to he that Mr.
n.,nsr offered cash in payment, while
". Scbwab made proposition of pay
IN that would cover a term of years.
il., eu.,s time ago Mr. Schwab offered SS7 per
sac for the preferred stock on the
So navnnent basis as his reported new
- and Il Is understood to have been
sansed because the railroad interests
..sutsd cash for their Pennsylvania Steel
saidinqs After an initial advance of .
ipolnts to 95 the stock dropped to 90 on
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-14
THE WEATHER
Official Forecast
WASHINGTON,

NHSIilNNIloNt rep -
For eastern Pennsylvania Fair tonight;
not quite so cold i'm north portlon Tuesday
fair with rising temperature; fresh north
winds.
Precipitation was general IN the At
lantic States yesterday, under the influence
of troughlIlte disturbance that extended
along virtually the entire coast line. with
the greatest depression over the Carolinas
The weather cleared during the night and
the temperatures fell rapidly. The crest
of the cold area of high barometer is over
Ohio this morning and is moving steadily
eastward. A decided reaction to warmer
is reported from the northern plains
States, and mild conditions prevail in the
far northwest.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-14

ms shown by the statements of mem
ber banks last made to the COMPTROLLER,
as of November 10, 1915, the average rate
of interest charged borrowing banks was
approximately 3.95 per cent.
at no time during the year has there
been n necessity. so far as the needs of
the business community were concerned.
for this bank to make any loans The
small borrowings of the member banks
could easily have been effected with
their correspondents In the reserve cities
This condition, however, is only tenn
porary and due to extraordinary busi-
mes conditions. Upon the return of nor
nal conditions this bank will surely find
it's expected sphere of usefulness"
The sta ement OF condition at the close
OF business December 81, 1915, shows re-
sources of S2l,O94S SS3.63 and liabilities
$33 915, ,357.SI. Total current expenses
were S12l ,691.09; organization expenses.
$3l ,70O.74; costs OF Federal Reserve notes,
including eXpressage, insurance, etc, $55,
772.04; equipment, $lS49i.3l: total eX-
penditures, 1927, The net earnings
were $12l.S74.77; excess Of net earnings
over total current expenses, $lS3.6S.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-14
FOREIGN EXCHANGE

NEW YORK, Feb. 1.-THE market for
foreign exchange opened steady. Sterling
was "firmed" by the reported arrival OF a
large consignment of American securi-
ties for foreign account. German eN-
change was a shade better; business was
on a moderate scale. Quotations follow;
Demand sterling. 4.76; cables. AIS 9-l6i
franc cables. 5S5l2 checks, 5s6A reichs-
marks, 70 lS-l6q75 1915; lire cables, 6.72lz;
checks, 673; Swiss cables. 5.2l4; checks,
seq; Vienna. l4g141O; Stockholm, 2S25g
2S 80; pesetas, 19als,O5; guilders, 421&q42Si
rubles, 3lhqSl9s.
In the afternoon the market became
extremely dun and featureless. There
was no appreciable change In quotations.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-14
NEW VARIETIES OF COSTLY
SWEET PEAS ON THE MARKET
"Fery Cross" Seeds Cost $14O Each Two Years Ago
But Now Are Only Cents-Lumber Price
ID Advanced by War
Advanced by War

the 'Cherub' rcather-edge, white and
bright rose Colored.
These may be at the fourth National
Flower Show, which is to be held in this
city from March 25 to April q"
c. A. Addison, of the Mcfarland Lum-
bcr Company, Widener Building. says that
lumber is from SO to 81 a thousand feet
higher than it was year ago. This, he
says, Is due TO large extent to the Euro
pean war.
There Is a wcll-defined rumor," he said
that quite recently the Italian Govern
ment bought 100000 feet of lumber in
the Southern markets, but whether il is
all for Italy or In part for some of the
Allies I could not say. y purchase like
that would of course, have an effect on
the general market.
THE greater part OF the lumber which
comes TO Philadelphia is from Southern
States. Georgia, North and South Caro-
lima, Virginia, Florida. and Alabama con-
trbuting the greater part. The lumber
from these States is all yellow pine and
| Is known to the trade as long leaf and
short leaf 1t would require a long tech
ncal description to define the difference
between long and short leaf, but, briefly,
the short leaf is the second growth.
'"Builders and boXmakers use the bulk
OF the lumber brought to this city, the
three great consumers Of lumber being
the rallfOauS, DulldefS ana DONlnakefS,
Twenty years ago lumber could be
bought at about 20 cents a thousand feet.
Farmers then sold their timber by the
acre. They usually got around 81 am
acre. Today they are wiser and are SELL
ing II from SO to IS a thousand feet. AS
a rule an acre yields from 5000 to 5000
feet, and the price varies according to
the distance from the railroad. Some
times only the timber on the tract is sold
with a 20-year right for cutting. but
more frequently the land is included in
the sale.
"As far as I can see, lumber will in
crease in price during the the next 20
years in the same proportion as 1t has
in the last 20 years. The reforestation is
not keeping pace with the cutting and
timber is a slow growth. In the mean
time our population. and therefore the
demand is constantly increasing.
THE quantity of lumber used by the
| munition plants recently Is enormous.
They have built cities of it. they need IL
for boxing and casing, and. in my opinion,
when the war is over we will be called
on to supply a big demand in Europe to
rebuild what has been destroyed.
II believe the boom in lumber created
by the war is going to continue"
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-14
DIVIDENDS DECLARED

American Sugar Refining Company regular
quarterly iH per cent on common and lt per
cent. ON preferred payable Aprll 10 STOCK OF
record March l.
American Express Company, regular quar-,
terly ~ per cent. payable April to stock OF
record February ~.
Pittsburgh, Youngstown and Ashtabula rail-
road Company, regular quarterly IN per cent.
on preferred, payable March l TO stock OF
American Telegraph and Gable Company. res
ular quarterly ~ per R,a,::' cent payable March
FIie and Pittsburgh Railroad Company, reg
ular quarterly IA per cent, payable March 10
to stock OF record February 30
Continental oil Company regular quarterly
So. payable March 10 TO stock OF record Feb
american Coal Company, OF Allegheny. Pa
regular semlHnnual per cent. and extra per
cent, payable March l 10 stock OF record
February 20,
Manhattan Shirt Company, regular quarterly
a OF / per cent. on common, payable March l
10 stock OF record February "a.
General Electric Company regular quarterly
. per cent, payable April 10 to stock Of record
March -.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-14
FEDERAL RESERVES
ANNUAL REPORT
Normal Volume of Business Is
Now Being Trans
acted

The annual report OF the Federal Re-
serve Board for the Philadelphia district,
No. 3. was made public today by the
chairman, r.. l.. Austin. During the year
three new banks have been organized in
the district.
During the last year our member banks
have been subject to the same discourage
ing influences that affected banking In
terests In all other parts of the country
says the report. or some time before
the breaking out OF the European war
business In this district has been declin-
ing, and the effect of the war was to ac-
Ccerate this movement, so that the bank
commenced business at n time when the
volume Of business In the district was
far below normal
industrial plants were being operated
at less than 10 per cent. of their capacity.
the movement of freight by the railroads
was smaller than It had been for years
and the number of the unemployed was
almost unprecedented. Confidence In the
future on the part OF business men was
lacking. This general and widespread
contraction in business caused a liquida-
ton of loans, which, together with the
funds released by the reduction in bank
reserves effected by the Federal reserve
act. resulted in the greatest accumulation
of idle money ever known in the banks
OF this district, so that on October 4, 1915.
the member banks of the Philadelphia
Clearing House Association alone had
S55, 5,iOi,OlO of excess reserves.
AT this time, however, almost n nor
NAL volume of business Is being trans
acted, the traffic of the railroads is above
normal industrial plants are being opcr-
atcd at nearly full capacity and there Is
employment for all kinds of labor
During the period in which this bank
has been in operation the average bor-
rowing of national banks, through re-
disCounting or by direct loans from other
banks has been as follows:
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-14
PHILADELPHIA MARKETS

as to size and quality, lSd2Oc.: geese. l7aIac.
pigeons. ole. per pair, 25a2sc.; do, young,
per pair lSn2Oc,
mand readily absorbing the offerings OF de-
quotations follow; Fresh KILLED, dry-packed-
Fowls, IL to box dry-piclyed. fancy selected.
2Ol?c; ;weighng 4 lbs, and over apiece, zoe
weighing 3is lbs. apiece, l0c. Weighing 3
lbs. apiece, lSc.; smaller sizes. l5nl7C,: fowls.
in bbls, dry picked, fancy. lbs, aud over
apiece, l0c; smaller sizes, l5glSc.; old
ROSTERS, dry-pcked l5c. chickens Jersey.
bro.leTs, 222G2tc,' Western, ,,l bT9ilers, weigh,
Illinois chickens fancy yellow. weighing I
lbs. and over, IN boxes, 2la22c, exceptional
lots higher; Northern Illinois, fancy. weighing
2lgH3is lbs, in boxes, lSnl9c.; Northern lli-
nols fancy, weighing 2l2d3le lbs, ~ bbls.,
l7MlSc other Western, weighing I lbs, and
over, IN boxes, lsq i9c: other Western, weigh
WsstSr Ws Sa %egRaE Sh sas2 sGE'f lbs IL b6s oReT r.
6s nfsri39I i9 L. cagG9Ss 9H s per l6fMWSign- si5d
93a bic; turkeys, nearby, fancy, 2Ta2 do,
do, good 70 choice. 23H26C,; do, Western,
fancy 26q2lc.; DE-; DO, good e choice 29R
do, culs and No. q 18a20c.; spring ducks.
nearby, lsG2Oc. do., Western fancy, lTnlSc
do, DO. fair TO good, l2ql5c.; geese, nearh
lGdlsc. do, Western, l4d diBc, squads. per
d0zsnMS9is7 " @ @SeiSR91g wagHng fq loT 10 Ss
per dozen, S8aB.5Os white, weighing lbs.
per dozen, S5l5 so; white, weighing 7 lbs. per
dozen. 81 5Oq4,I5 white, weighing GqBa lbs;
per dozen, So 25ds.75 dark, s3a3T5; small
and No. 2, Sl.bON2.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-14

RED BANK, N j.. Feb. ti-James
Henry Syckles, a civil War veteran, OF
the 29th New Jersey Volunteers. past
commander of Arrow Smith Post, G. A. r.,
and a Justice OF the peace for 20 years,
died yesterday from paralysis at the age
of Il. lie was member OF the Mtsons
and was a charter member of the local
cncampment Of the Eastern star, the
Navesink Lodge OF odd Fellows and
the Onward Council, Jr. o. y. \, NJ. MIR.
SyCkles was an ardent Republican lie
was trustee of the First Methods st
Church and treasurer of the church for
many years.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-14

I ". +. THERKIL DSON beet seeds from Ger
Z many At the outbreak of the war Ger
many commandeered all the beet crop, and
( since then 10 seed has come from that
country .
This country is large and we have
every variety Of climate, 80 that we are
not dependent on any country for seed
supply Our best cabbage and caulifiower
seeds come from Denmark, but we are
not dependent on that country for them
now.
among the newest vegetables TO he
introduced this year is a new Chinese cab
bage also new dwarf celery called the
FordhOok Emperor. which has a finer
favor than the ordinary kind.
but perhaps the most striking novelty
in the vegetable line Is new individual
watermelon. r-.rr.t
This watermelon is only inches \
diameter and one-half Is a sufficient por-
ton for one person. 1t Is named Baby
Delight
when 1t comes TO flower seeds, the
sensation of the coming season will be
new sweet pea-'The Fiery Cross
This Is the most expensive sweet pea
ever known. One dollar and forty cents
was paid for every seed in existence two
years ago, They were bought in Europe
Just before the war broke out, The seeds
this year Will be sold at the rate OF
seven seeds for % cents. 1t s an outdoor
plant and should bloom in May or June
and continue for about six weeks. There
are four other new sweet peas of the
spencer-orchid type which will be intro
duced this year--'The Robert Sydenham,'
beautiful orange scarlet; The Var
raWa, an early flower to bloom at
Christmas, which is a Maori or New Zea-
land product, colored pink and white; the
Phantom Blue OF color never seen be-
lore and impossible of description, and
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-14
VEGETABLES

The market was lull and without important
change Qaotatl92s Mhitg i56i potatoes NeT NgSf
Western. SiaiOji do.,. Jersey, pei basket, 10;
/ Rose BOli zoe: do No. 1 other varieties, bOG
igc do 40 p 500 zoe Sweet potatoes Jer-
sey, per basket, No. 1, 4Qq5oc, DO; no 2. $50
per lo0.ib. bag No, l, S2G2. -: No; z, I5@
si25 Cabbage. ! anish ger ton 8ft S8nt9 do d9,
ina. Der crate, stat so. Celery, New York. per
bunch, 25a75c. spinach, N9rfollA6 Psr 93bi,
tuce. Florida, per basket, s. 5Oa2; do; North
Carolina, per basket, I9c ufl, Beans. Florida.
basket, Si JOd3. Peppers, EloIida. per car
fier. sl.56llT5. Eggplanh Florida, per crate
81 J0a4 20; DO, choice. S2a3. Mushrooms. per
i-lb basket. S1H1.40.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-14
CURB REAcrIoNARY
Many Important Issues Showed Ad-
vances, However

NEW YORK, Feb. iL-After gcncr-
ally strong opening with considerable
activity in stocks, the market for outside
securities developed rcactionary tend
ency on realizing. although many OF moro
important Issues maintained good adj
vance. but very irregular. Cosden oil
moved up rather sharply, nearly points,
due to another valuable we'll being
struck Ohio Oil, on the other hand.
was again under pressure and suffered
a further sharp break Of about 90 points
on rather liberal offerings. Sapulpa
moved UP =. Wayland oil and Gas was
also active and stronger.
Mldvalc steel. on good purchases. at
one time showed an advance OF 2ia points.
The motor stocks were firm but some
what less active. Universal Motors
moved up to a new high mark on what
looked to be a good buying
In bonds. Erie Is were In fair demand
at an improvement of a. Baltimore and
Ohio 5s were UP Is and Chicago Union
Station a.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-14

street late Saturday night after pro-
tracted Illness Mr.. Kent was born IN
Chester County Pennsylva:.ia. He enlisted
In the lst Delaware Regiment In the Civil
War as private and at tho close OF the
war was major in the 109th Regiment,
u. S. A. Until failing health compelled
him to resign, he was interested in the
Ferris Industrial School, the Childrcn's
Home, the Mlnquadale Home, the
Humane Societies, the Wilmington Foun-
tain Society and the Wilmington Free
Library. lie was a member of the Socl-
ETY. Of Friends and was affiliated with
the Loyal Legion.
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-14
RATES FOR MONEY
FEW IDLE CARS

According TO the report OF the Ameri-
can Railway Association on February 1,
there was a net surplus OF idle freight
cars on lines OF the United States and
Canada OF 2l.4s5. compared with 1886 on
January ].
The gross surplus February ! was 52 4is
and the gross shortage was sesA
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-14
NEW YORK COFFEE MARKET

NEW YORK, Feb. l4,-The coffee mar
ket was hrmer today, and first prices
were from unchanged TO an advance OF
l6 points. Sales on the call were $500 bags.
The market continued nervous and
foverlsh during the greater part of the
day, but some of the early advance in
December was lost under protit-takinE,
while a few OF the near months were
slightly firmer on scattered buying
Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1916-02-14
BANK DEPOSITS DROP
Local Surplus Reserves Reduced by
Half a Million

a drop of s2.461. 900 in individual de-
posits was reported by the local clearing
house institutions for the week just ended
The surplus reserve was reduced S575,O
and loans decreased S4s2,O
The capital of the banks decreased
100000 from S2O,ST6 900 to $20.S75, 900,
due to the merger of the National Bank
of Northern Liberties with the Bank of