Transcript
Page 1: Washington Herald. (Washington, DC ... - Chronicling Americachroniclingamerica.loc.gov/lccn/sn83045433/1907-08-23/ed-1/seq-8.pdf · 8 I THE WASHINGTON HEEALD FRIDAY AUGUST 23 1BO

THE WASHINGTON HEEALD FRIDAY AUGUST 23 1BO8 I

ii

MARKET IS STRONGER

Union Pacific and ReadingActive features

TRACTION STOCKS DOWN

InterOIet and Third Avenne TakeFurther Drops Ifail are of StockExchange Firm Without ttffect onPrices Hit of Unconfirmed BullNews Cheers the Street

New York Aug 22 The market opena3T irregular this morning but with onlymoderate changes from lasting level of quotations and In many ofthe active issues the opening prices werethe lowest of the day An upward move-ment began almost at the commencementof business and continued with slight inter uption until about 2 oclock fromwhich time until the end there was con-

siderable hesitancy and moderateamount of profittaking by the profes-sional element who thought for the timebeing the rally bad gone far enough

There wee a slightly better tae to theLondon market on account of the deci-sion of the directors of the Bank of Eng-land to leave the discount rate oncfcangedfor the present but the good impressionproduced by this and by the strong week-ly statement of condition was later offsetby a report that t e institution was de-clining to discount hUla where the ma-turities were at date beyond the end ofSeptemberUnion Pacific and RendIng ActiveUnion Pacific was the feature of our

market in point of activity with Read-Ing holding second place in this respectand both scored advances of about twopoints on the day with every indicationthat a great part of the buying of eachrepresented the covering of short contract The Hill stocks also made largegains and some active issues like Delaware and Hudson National Lead andthe Republic Iron and Steel stocks scoredlarge advances on comparatively fewtransactions

On the other hand the InterboroughMet-ropplitan Issues were again weak andThird avenue declined S points to a asmlow record for the present movement anrumors that the dividend on laterboroughMetropolitan preferred wouldpassed and that dividends of subordinatecompanies would not be paid unless earned even in the cue of the properties heldunder lease

Affected ny FailureThe fact that the announcement of the

small failure on the floor of the stockexchange around 11 oclock did not causea halt in the rally then under way tend-ed to give the market a greater appearance of strength than it had displayedfor some time past and on the idea thatIt was useless to fight against a risewhich could not be checked by bad newsspeculative interests having commitments-on th short side proceeded to buy stocksfor the covering of their contracts Itdid not seem however as if the largershorts were disturbed or that Jndeedthe announcement of the faUure came asa surprise to important Interests in thestreet and except that it gave rise to arecurrence of disturbing rumors it wasof rio real consequence whatever

nan Itamor Uuoon firmedA story which was used with some

effect in intimidating the bears creditedleading banker with plans for righting

the situation and restoring dwftdence butthere did not seem to be any substantial grounds upon which to base suchassertions It was said that either Har-riman now on the Pacific Oust hadwired assurances to his associates inthis city that the business outlook Inthe West never was better than at pennent and that pointed toa large fall business and the vice presi-dent of the Chicago Burlington andQuincy made a statement that his roadwas earning on an average 390MM aweek more than at this time last yearand that the crops were in tee condi-tion

Time money was in small supply butthe exchange markets were easier on ac-count of the Bank of Englands actionin continuing its 4 per cent discount

TKKASOICY-

Rwerre fGeld coin and IMyHMsltt

Gold coinSilver 5oHa

Total l lGeneral food

Gold miD and baOia

Standard silverBilvw certificatesSilver bullionUnited States otesTreasury notes of UNNational bank notSubsidiary sOvcr coteFractional cumncrMinor cole w iIn national bank depOBteataIn treaanry of fWs IJatoBonds and isfeK pidd-

ToulLUbUiUe-

aSoedpteCocunu-Xatonul ICVCM-HMSicellejieotM

Total postal ncetotrvatExpenditures postal

oept pftntal iiffr m j

U5MB4S-4JB9B

DJB-HMW

111JBJ0-71uata

Exceea of expeadnam

National tnnlr foad-Beposite tinder act Jury M KONotes redeemed and retired aeer eat

J lT M-

Kotea recefved for euneat maaanitiuii-

Rodempticm rf BoteaTo March H 1SW

To date

ailMXG STOCIvS-

Qaotarioae are f lafcii by Integ Eft Co of the New York Pndoce Bi-aiaiice Yank C UecdHd Baaaa er Bood-JJuilding

Bid AjkedCfMonHrtatial fl-

Comlanarion 91Dahy

Jumbo ExtecataKSt ITCS iSurer Pick 4Great BendBlue BellAdaaa nAtlanta BRed Hiar B-DiamoadtieM mack BMte a-Triangte nTramps CoaaoiidtedGold BarJim ButlerGolden Scepter IGibraltarRbvtokeMontana T-

iMcKirfey Daraae-OobaJt Contact

lieU per

If you have any furnished rooms torent a mt vi M The Herald will bringVOU a Sv i Xt

be

Not

the tndtea Ollll

fir kL c

ASilter doUan fill

P

Gold CrtaC bidaIJuL

a7m

aR

Aft s7mot iJMm asa 15

UJIGf Itu

1ZUIi fila

mluIUIt

benu

Geld nim

uH

56

50

31

n1512

15U 11

n iIt ill

shu

nights don

a

a

ate

STAPmMBr

rust fenmititand a

0en 0

usasJs1101110jte

0JN

enps

N0111441011

0 bske

1111110

nialz

512UIS0gj

7411 11

1111 N

pards sis

aImGold ed io j

o

oN

Nipimahu

crts

¬

¬

¬

¬

¬

¬

¬

¬

¬

¬

¬

¬

¬

¬

¬

BLAME GAMBLER FOR CRASH

Failure of Wall Street Firm Laiat Canflclda Door

New York Aug Jt The failure of MiltaEros Co a Wall firm was nflounced today on the stock axclianseand it if wild tliat the aeoount df Hieh-

rd A Canned of Saratoga waseauM of the

A report that the failure was connectedwith the failure last fall of James WKenning was positively denied by Henninys friends who said he paid the Millscompany ia full

The story in tIle stock exchange is thatthe firm was carrying a large amount ofstocks for Canfield It is alleged thatC uiflelds margins were running low andthat the firm closed out his accounts thatCanfleM claimed he had not been givendue notice and insisted that his stocksbe replaced or delivered to him whichthe firm was unable to

was said this afternoon the firmwould probably soon resume The storythat Canftelds account caused the sus-pension was denied at the office of the

but In other quarters of Wallstreet it was said that the gamblerprince had lost 300000 by the failure

NEW YORK STOCK MARKET

QaotatioB fwmitbed by A 0 Brown Co xaesbets of the Now York Stock BsohaoB MHBoq-

rBafldfae

Sal OH to noon 300400 shnreaTotal snlcii 537100 aliarctiCall money H SVtj low 2 close 2

Ooete-g5alosHlskLwAii lAiua-

AtoCfcal M l W Ml HK 39

Anal Oonpor m nit t 4 W-Aw C F 14M 3H4 r H K-

Am Ootto Oil l m 30 S 31HS 31-

AK Low 1TWI M 59 K M-

Am Steel Wtjr T f S 5 9-

Am JF Cd 1M 30 A WH-Am SMelt W 9K 98H MAm Smelt iL K Kfc i 4-

Am aogar 1MI Itfli lt 4 111 IB-Am WB M9 ISH 7W Jl-

Am WooicB a B S 9K-Aaacooda 7MJ 4M 41AtcUaim VA M Sl Nit SW-Atchieoa lid tt-At Cent Umt-

Katto A Ohio 8 K H JtUBrook K T S 48 41HCan Padae W KG 10 WM IBCent Leather 9 Mt UK Ji IS

Cbea Ohio 19N SSfc 3Bt SL

Chi Ot W U M M J-

c M at p as nm im u IKC N W m Mi Hlfc MtU IWic c a st L m m m m miC F I MO 11 2J 4 SCols So 1101 SSH a-Colo ao M an H a

Goa 600 Itttt WH 1MH MHCon Prad 389 JJfli 4 BD4 HKCon Iloa 11 SHU X HMt JSKi ttHc WH MlD K G Ill Bii 2JH i JW4UK See IJfta H 47 41

MW H i 3Milet M BH B

Erie aL 3W 3W 3W4 HGeL Bkcaie 1M m MW B3K-

Gt Settfc iml M M8K 1K MIH UK-Bt North 2W 4K 47 4T 4f-fra Oeou u u m DJ H4 us ratJut Mot 2J39 SV 9

tat Met MW 9i SKi 9K 9K-KM cur s a 3 s-i N un w lorn WH MS-

MexfaaM Ce t l UM Wi 1TH IK K-

M S P S S M Ni MH Si K-HM8PSSiLj W IS 19 13 1-

M K A T 5 JRi 3W BHMinuet Padflc UM ff CT C-8Nstioaal BaIL4iool Lead X900 4tft 4 4W

Y Central W 1M MM WH Ht-

X Y O St W SW J1H 3 i K-K W Ml 71 71 8S

North Amarkaew IH mi MVi mi 0K-Nerthen PwHe 111 INK 1V UTH-Padflc Maa 4K SP X K M409 117 W Itf 11-7Preaeed Stem i N 9099mm K a a-

Kee I S MM M UK-KC I S nM M Tl 71Rock laberi OH MRoc Uond nM 1JM fl O 4-18t U S P M M 38 H SW-

St U S W 14M K U M M-

8t L 8 W tt 9W 41 41 4H-

CTeei BhaliHlit 9M H 47H 47-

Beaahmi Paolo KM 8 B 8H OK-Bootheni PacOc pfd M IMt iWi M

Xy 1 1 M N M W-

Twaa PactfeM W SH 9H StflT St L i W 9 H S i 91 SW

L W pM 43 i-

Daka PadOc lKm W ES 191 MW-II Xoatty IM 61 II M 4U 8 ltahbcr HI 9 ttu Hah lot m e asU Stool MW Sfti UKU S Steel FM U M K MKVa Cbemteal a-Wabaah m 11 1-1Wata iL

CURB MARKET

QooUUeaa ate faraiattd ay K R ChaiKBaaCo amabatj Now York Stock G BRieCUpBaa BiawigK 13M P Mroet Mctaweot-

Oaea fish Low CteeCopper li H MHT M-

Brttteh CM Copper 7HButt CorfWoa MH 9IK WH-

Cadoaio Sakway H4 TCobalt Ceatnl 3 S B-

CumrrUmd Bly TM-

BcaoinJOB Copper i-

Oteeac Caaaaea MH 12 12H OS-Graew Ooafaawar K 1H IHMime Gold Miafag IKWtdwB Xaaax-

anda Gaaaal mk W m W-KevaoVUtea Oaa er 4

Ofl 4 tDated Copper SC M OWastes loe 31 91

Now York Amj aOoetag nuiueJem of Oatted-Stetea guwmnmt hottds

BU Asked2 eonpOB UH MCK MC-

3a resMerod IW-

la reghtewd BCS MHt CH-la coopoa MB MS 19-1aaaaw Canal ia rcpjatantf MK MSH-

DWrict of Calauaia Ifla lOK-Phflppfae 4 M-

0MISCBLLAABOOS BONDS

New York Aug 2Gtalo bead qeetaUese oathe Now York Stock BxehavsecImperial Japaneee fint fit 90SImperial Japaaeae Mooad 6e KImperial Japaaete first E

Imperial Japaoeee eeooad i SImperial Japaaeae 4c 77Americas Tobacco fc 97American Tobacco 4 n 14

Baltimore and Okte geMi is 9-9Cental of Georgia coaeorWited Mt-CheaapeaiEe and Ofcto 4He KO-

CWeago Rock Island and Pacific 5s E HChicago Bock liked aM Paettc col 4s G-

SCUcafo Rock laland and PadAe tfg 4s 81Delaware and HnefeOB 4 9-1Dmtillen Secnritka C fc 7 KKrio canaoiidated 4e 91Lab Shore 4e MS 90-

Lmrfifilte and Namtvtto wdfied te 9-TLwriwille and Nt ta collateral 4 91Sew York GenIal n SB

Norfolk and Wojtera o iWat d 4s 9WNorthern PaeiBc to-

Northeni PaeiSe 3s 73-

SoadMta Paei9e TClMdMc 4s 8S

Union Pacttc snt 4c 9SSUnited States Steel S P Sa 91-

TWal sake M4MM aRBhtet 4SK4XX saenkyIMtt W a west ate and 5WOkO a ear age

BOSHOX STOCKS

QwUOona we iatafeited by E R CbaptaanCo reMditn New York Stock Bzchanze G BoyleChipmaa managw im F street northwest

Bid kedAtlantis UH K-Bingbam K aBoston aad AHway f 2Boston sod Mafae 157Oihimtt and Haeta 72 73Oonwr Baas 65

BleeWc IMwn asPltcbHKZ jrfd 123Maaah ie4ta Bkctric 11 12MassaekweUi Gas 62 SM fcta CeatraL ITS 1S

York New Harea amid Hartford loStf 1

Beth ens ffi

United FruitMachinery

Sine Machinery pfd

1074o 43-

2S 2641 CMS

5 6

street

thetrouble

do-

lt

Arm

½

ft

I X

pIlL JI

31 Ii11 11 11

SJI42 43

Jk

1IlK

Wi Ia-tcI II

01

ftgrin n fi-de Inrs U

31

Ole

Ilid

sJ tAt

tAlH

x i3Rt

II

11

ReadIng al8JI

w ft JIM

ftk 31

11

ST 8 k QIJ IL

83

88 31

11 11

ill S 11

kBah ie

CaLA6

11

IIIft 44tl

1 1

Jill2

If4 4 mN I S

m

IlK

lJII1I-tJI WJ

tt6

k

Shore 41 I3v

ill

IIt sa

J

S1

ItSShoe

11

4

1010

3041 41

IINIL

N

5 1

35

10

4511

We11

1

0O N N N

11

11310 0

31

m

041

47

10

3541

3111 55

3510 55

1031 0 00 0

Bastes 05 4

>

4 1 7

Pt

716

5 55 2

11lsbs 1 7-

Omlial 1

1 5131

GOVERYMEINT BONDS

i5sted 1

len-ib oupse 110

mcii

43s

145k1

Ole

Puvk 3315snqImai 1111

5531

Nowortmaanen 1

Tawack-Thulty 15

Utah

Vh

J

<

¬

<

<

Mills Bros Co Collapse

Without Meet ou Prices

MARKET DULL BUT STRONG

Conditions Not Be Improvedby Heavy Government Depositsexult AVoulrt lie IlcManrntloii of

Gold Shipments Abroad HeavyOregon Failure Not a Bull Factor

New York Aug 21 The failure ofMills Broa Co far from jarr-ing the market did not as much as disturb it in th slightest degreeago bad the failure jbatin announced onone of the violent breaks it might havebeen considered the first game bagged bySportsman Bonaparte and an indicationthat he would make good the boast ofkilling his bag

Since that time however both Bankersand brokers having had an abundant timeto canvass the situation have como to theconclusion that none of the better knownand more houses are vulnerablewhatever may be the condition of a fewlately organized or small concerns andhave decided that the only big gamelikely to tall in the Bonaparte bug Is inmercantile and industrial circles ratherthan in the financial district

Aa has been repeatedly pointed outbrokerage houses generally have beenvery careful recently in insisting on cus-

tomers supplying ample margins Brok-ers went through the March decline withbut few casualties and they have gonethrough the August docllne with but oneto date simply because business hasbeen transacted with a greater careprobably than previously in the historyof the street That the Mills firm wasan exception this rule It was reportedwas due to a bit of misplaced confidence-in or misunderstanding with one of thebest known gamblers in the world whohas been losing more money in Wallstreet could make in legitimate

With the general understanding of themost likely solution of the InterboroughMetropolitan problem that IB the sus-pension of InterboroughMetropolitan

and Metropolitan dividends therewee no market depression caused byfurther declines in those two securi-ties Apparently It was the Impressionthat there was a future for both stockseven if dividends under the stress ofpresent circumstances are peeled or re-duced

The covering of it was believedconstituted the greater part of the daysbuying la the stock market Accord-ing to some reports there was coveringof W there of Union Pacific aloneand various estimates placed the extentof tbe short interest at the beginning ofthe day all the way from 3600M to SWiWsham

It was rather a dull market but a bet-ter one than on aajr previous day of

week TJxmgh most of the gains wereattributed to short coverIngs indicationsof a revival of substantial buying powerwere noted ia gates hi prices of manyspecialties and not particularly activestocks

Mr Harriman waa quoted a telegraph-ing OB from Sew Francisco

The outlook in UM West Was neverbetter It te today We look for abig fall business

of the failure of a Oregon trustcompany with IMMM deposits some-what tempered the joy over this declara-tion

The Bank of England failed to raises therate of discount and demand sterling ac-

cordingly dropped off 39 points The4S765 anti JTTv was however

high enough to induce bankers to dis-courage those who have been arguing forthe deposit of government money in thebanks If the Secretary should place anyamount of money whether it isor 530000000 in the banks at this timeit was contended the relief would goto London or Germany and not to thiscountry Inevitably the effect would bethe resumption of the gold export movement on a large scale for both Englandand Germany have sent securities here insuch volume that have turnedbalance of trade for the time beinjagainst us There are some bankers whocontend that gold shipments to Germanycannot be avoided in any event Laterwten credits have been established bygrain and cotton bills and the cropmoving period is at its height the Sec-retary might deposit money It was saidwith more beneficial results

LOCAL FINANCIAL GOSSIP-

The chief feature of the market yesday on the Washington Stock Exchange

the return of one of the supporters-of Capital Traction and the rapid biddingup of that issue from 129 to 131 1S Thebidding brought out none of the stockthough one broker said he had GO sharesto sell but his figures were each timelittle above the bid pries

In comparison with the bulge in CapitalTraction both the ommon and preferredshares of Washington Railway and Electric suffered relapses the preferred

special weakness

Mitchell Mining was supplied in anyamount to please from iOshare lots upto 300 shares all selling at 2 and fractionsabove Indeed so much money is tiedup in Mitchell in Washington that holders are ready to sell on even fractionalrises most of them having come to theconclusion that they can do better withthe money than by playing the waitinggame any longer

Other trading was of small volume

Opinions on the New York marketE B Crew of Henry Clews Co

Cable advices report a better feeling inLondon on short covering neverthelessthe quotations tor American stocks wereconsiderably below the New York parityand the Bank of Englands reserve is reduced from 5060 per cent last week to4S30 per cent this week As far as thehome situation is concerned there is noactual change in the underlying conditionsfor the better but It is apparent thatstrong support has given to the market for the last two days for the purposeof arresting undue liquidation Thestocks thus acquired by the Insiders arealways fed out again as soon as themarket will take them The outstandingshort Interest for some past nasbeen quite extended and is still largeThe covering from this source is cal-culated to bring about rallies from timeto time but there is no Indication thatthe corner has beep turned The moneysituation Is gradually growing more intense It does not seem advisable tocommit oneself to any extent on thelong side

G Bowie Chipman of E R Chapmantodays first pricest he

lower London was Ignored most of ourIssues showing overnight improvement

WALL STREET NOTES

Could

X week

Important

10

hebust

pref-erred

aborts

at

the

thanto

News

lug rate

I

they thc

wag

show-Ing

Men

II

CoIn

thaa

doe

a

¬

¬

¬

¬

¬

¬

¬

¬

¬

¬

¬

¬

¬

¬

¬

¬

This steadiness caused further demandfor stocks from the shorts and themarket advanced quite steadily untilnoon by which time Union Pacific andReading were quoted at higher pricesthan at any time since the last breakThere was a dreath of news professionaloperators assumed a waitingnnd commision houses although consid-erably more optimistic hesitated to advise purchases on this rajlv The lasttwo hours of the session wers dull witha sagging tendency I am of the opinionthat the rally should be attributed toshort covering and would advise wait-ing a further reaction

Benjamin Woodruff of Post FlaggThe market showed considerable recu-

perative powers Most of buying wasby shorts but there was little or noliquidation The people are taking alittle more farorabte view of the situa-tion element of panic stemsto be entirely lacking Messrs MillsBi s Co announced their failure toward midday but it was unimportantand had no effect on the market It wassuspected by some that they had prob-ably gone short of the market and really

was a bear failure Timemoney conditions are still very unsat-isfactory it being impossible to borrowany money over the end of the year

WASHINGTON STOCK MARKET

SafesRegular call K oclock neonMetropemaB lUUway fc 51M8 at N6K-

WaahiBstam Railway omens 9 at 31-

WasbtogtoM lUiJway INland 60 at MK 59 at 70

Chesapeake med Potoeaae Tetepbwt W it-LMMtoa M at 12HMitchell liable 3 at 2tt MO at S MO at 3 5-

9atnt 3 at 2XaUosal MetrapoWaB II at m-WasMB toB BxchMge M at 11-1CoreoraB Fire iMunmoe 12 at IS

The foHowiee are th etostac qeoettotM en yecter-d rs stock eirbaw-

GOVER 1IBNT BONDSDill Asked

Phfitppiae Timed PcnteN 4i WDistrict of CofcBBbia 3 s 1 4

GAS BONDSWaabfatgtOB Gu GompaBy 4e HO-

WMhlBgtai GM CtMBpnay cut hid WRAILROAD BONDS

Capital TraMioB 4-

AmcoaUa and isCity o4 buiban la

Kcood aortiM to MM Ml-

ColHahn Ir W-Metiopotttai Ss

WaalrtBGUti Railway aad Beetefe 4

MI8CBLLANBOOS BONDSPotoBtac IJtaetrie LillIe lat toNorfolk aRid WaahivglOB Stsa boat W-Chea and Pot TekphoB h INKWasMaRtoa Market to IN-

WMbiBfUw Market Sa WTJT W4 M0K-WashtBttoB 3Tir Ml

PUBLIC UTILITY STOCKSCapital Traction BMt W-WaahiBttoB rvttw y Bd Ekctrie OM-BWashiBgtOB Kaihray sad Kleocrie pM UKNorfolk and WubtetUM Steamboat 91-

G aretowB GM-ChM p ake aad POIOBMM TetophoBO MGreat Falls ash OM DUBIJBJO-

UTYPB MACHIVB STOCKSMerfeBthahv UaotcP M-LBBatoa Monotype K-

MIJCHfC HOCKSGfeeve CaaaBea Opper i-

llttcbeH WiBtos OBBtaoBy

NATIONAL BAKE STOflKS

CapitalXadoaul CHy lit

TnoenV-

a3hinetoa TubaBBi Tlaa-ttnVVt COMJUXY 8TOCK-

ABMriaa Seoxitr a ttoL 29National SaviBc aadUahM Trust IS-WaahtaftDB LiBB ad Twt m-WaahiBBtoB aofe Dst 9DaMe trait ntcnwta M

SAVING JUNK STOCKSHB Sarteoi Baaktales StTiBBB O-BMerchMts aad Meehaales Stthjat Bw OK

FiLL KBTJIUilOB SEEOCKS-AiiiastOB X

JflBBBRB-OIBBBB ABBJJUBi-

lBtZOBONtBB

PeoplesPotOBMC-R s i

TITUS IXStfRAJfOS JTOCKi

Real LaMe TitleWafhiacUm Tttto-

SoBthera Pull Serrtet Cetp-GcaphophoBo COBBBO-BujapfaBplioiie proMnod-StcorKy fttengc CoBUBUy-

PMcUty Stores Coeapaay

HIJgWK m

COTTON MARKET

QaoUUoBt fandohod by Mffler Co aetabersNow York Stock and Gotten exeaaB cs sad New

Ortoaac eau Bxthaoce 1313 F street aonbwoKNew Aog SI The auuhet wu irrcBBlar aid

largely pmfaeiitoaal leporU of rate ia Texashone meneimed imhtete eelUBg by people whobattght yesterday Buns haw been MBM-

ieapresaiOB nfth the cry of too for main to helpthe Tome Op bet we beUrf that any rettahee-a ee mta of geBeral rains there would brief abouta sharp aeeiaM Lower prices are wat4 to io-

dw outside bvyhts and BMiay of the be t peoplewho CUB see nothtoz soon then a awdetmtc crop areof th opinion that the pmeat level of prioea win

hoary MOT em tat of sew mites wooer er later iafact the Tiew in away qoartara is that aothin butthe light Bwrnaeat te preTeaUoK a BVwp decUneLow bureau figate bw r win BadoBhtodly hadto a recovery oeBaeqaeatly short seflhn except

menU way is bstog aoided Limpoal k UftiBg-of a shut iaterest of Mae iaiporUaot and thistoo is aaBtost say aaUrtal dediae tor the preseat-

LiTerjjeal is die 1 ts S dowa to the notBfag

Octoberber-

Jaamr

New OrleansOpen Hip Low Gee

October ML tt OJ6 BJ3-Bftesaber 3t l 3i 128 H3t-Jarasry TTtSS ItO ItO H

Spot 3IarkctR-ectaMpte PriaSales

Augusta Kt Mfe

BaIt X S UKBoston 16 413i M-

Chadeatoa 4ttS-CiadaiiaU 1 S MGalreaton-UowUB 9 H-Mcmphte aa as s UK HMobile 96 33 BNew Orleans 21B 388W UKNew Yark JWJB5 UJ6 Eff-

iNerfatt 4817 1 4Philadelphia UM 1US-

Saramna if-lSt Louis SWIlmington

NEW YORK MONEY

New York ABC 22 Sloney on call at the stockexchange today opened at 34 per reel bleb 3low 2U closing 344 Most of the loans were at2 per cent

Time money csatlaBed very scarce White deawBdwas not particularly argent a neck larger bttsiaeMwas Indicated RhIne were 6 rioT cent for thirtydays 6a6i per cent for ninety dJS 8Ha7 per centfor four to six months

Mercantile paper without Practically nodemand in the larger money centers the few salesreported beIng roamed to saaH muitry banksRates T6a7 per cent for four to sU months bIllsreceivable and prime single T per cent tadupward for others

Sterling market steady but rates iarimff thefeU sharply demand selling down to 48fS5 or

39 points below yesterdays closing In the afterneon there was a slight rally Rates for actualbusiness were AS follows Sixty days 4SS05a4S310demand 4E76iLST65 cables t8SBa4S83D

bills were 4E2aJ83 The supply of grain andcotton bills was scarce none being offered

WASHINGTON CATTLE MARKET

OATTLEExtrafcper cwt butcher iSJaSM-jcmmon 2 9a300 rough LaOeZM

HOGSPer cwt grass U5 TM erdfiiary percwt 600a65-

sJSHEEPCUpped comma EOOalT-BLAJIBS Spring choice 7 medium 6CALVESPrime per lb F medtem 6H grass

ialiii-COWaPrime fresh each 4809a5363 common09a3a old and dr7 8 aMW

I

the

anT t he

BullBaltic

ill Iiutf

WI

CobUt

51

k

if

Gassa00

US

111211

f-tII1JII

lit

JOO

111

n

II-NaiaaII Utdaa

RI

till

MI8cwMt11og OFOOKsus

1JII-

I1artt

k el-Ute

Yon

not aUnet buyers 1a vIew 01 tile of

New YorkOp HWb Low J m1UI IUS IUS lUk11S6flit ItO lUGJie J214 lii

9I5f ISI41

change

names

fore-noon

Commer-cial

556

350

O OO

10

114

Pet10

115 30

Markets 10

31

10-

Woddetat N is

11

o

trnedcsa

1b5egt-

mmalsI ala-xrnmm ned 10

io 1-4Metmpelita rn 10Rime 10-IlMend 30 30

We1aa

TriO INS

so ii

M c s3

tmmo 5-1Phens 0 51

455 aN

01n

141

Wssiagtsa

1

lee

certainty a

m-aa

p

ILISaILSIUSSa209

lt

Sleek

04

475140

¬

¬

¬

¬

> ¬

¬

½

GRAIN AND PROViSIONS

Quotations iurnteked by A O Brown Co mem-

ber of the New York Stock Exchange sad the OhBoard of Trade M inner Building

Chicago Aug tt Wheat reatted fUnrjrfr todJowing to the wild d Bce of youerday Cablespwred unrefpomiTe The adrenee had oarried themarket above export limits M WM ertteMd hrfailure of foreigners to accept nag vrbwt offeredever Right The lateral hers Ins beenlargely eliminated and there were manyIMBT Investors who anxious to unload TheTcetiUlng decline hem already dewed the spun

atmosphere There to Wg demand for cashwheat on decline of No 2 bard beingmade at equal to SB prorates over the futureThere k alto a healthy wntliaeat bawd on the be-

lief that biter oooflroatto of Northwestern deaaaeswill be worse than the first Antwerp shows greatstrength Local 151698 btnbeb inertlyNo 2 bud but MHM of nd wtoter Seaboard tales35 load

Corn weekend with wfeoat became of increasedby Ute oMwtry ftdvMoed bids sent

out last night and OB forth IfctAfation Mica by

leadinc tone who had sold heavily ytrtenky Thecorn toW yesterday bad not digestedtaorottealr The weather wa Mttte moreaWe light raise in eastern half of Kaww ia JUttwentyfour boon Warmer weather generally

with showea over moat of ears belt esc

emit went of the Known River Local cash melee

UtWO bttthek seaboard H loadsTrade in oat was macfe tater than

There wa flnaer opeBto tbaa in other gratesto corcrtae by ao e of Ute helMed country

Putter itttotog sales by the localhave been gong oa ieduy aH day wheaerermarket wu steady to Irma awl they fern Ufcea offall those bwlgw as regularly as they appearedNorthwest fe Mndte ta bad tteaehiss reportsCh demand te fIR smell loU for preempt jatpatatStaple marketWHEAT High Low Ctoae

September 8R4 Wi SMI-

Deoeeafcer KMay LMK 141

CORNSepUwbtr 5-9IhwaberNay

vM m m-

Dnaabtr 41

M 8-

P011K3 pua r 1MB H 9 HJO ttOO

1AKD-3tpt b9TV S9B H0 ober W

October 8-

w Y rk JLi WllBATWoaJisr le a

UM XOL 1 Kttttam Dohtfh to Ue ourS uwbrr L b So 1 MaaNoX U f

2 Xortheni iia st W to active fN 1 f o b i N i S f fc b 4

1 aacMwt K f o k No S mcami-OAT8 Mbr h lctog u 4av No 2 whit 9-

Koi while Mi K 2 aaticd B-

IrieM of NWM M leSSensYaa-

tWIBAT 0 o Hlsfc Low Ooao dote

LOCAL PRODUCE MARKET

quoted are wholesale

AiMfy fancy 2SH Western tote 3M aw01 tU22 pneev fMcy pt 4 4iry cttas UK-

CHBBSBNew Yort State factory MA a-

OK do t alL ItHatt swner bus K Wtslr-em fcctory aew choioa U aU 4 ilk to codU Vtaftota

BG Itee ipU M t rUt fnak-M taia Ha Wilt VirsWa SoMhtMat Vb-

SMk Tennessee Ii North Cvoitoa ItLIVE POULTRYR e ipt tt ral vartMt

Sprtog ehkke 1 Mi te IS 1H to 1-Hto IT do saiL IT hun 0 reo i 7

tedo flail do mall M tat tintars tow per lb B do hew 11 d M

beats M-

DRB8SED Iftosml varbatwish lurkeyt haw mArawm per lb M do-

avontai udram UaJC do tbta old tens 11-

chiHkcw hr e 13a hess dwtea MaH raisinI dotks old 8aM sprtas 13aM picas Sail

DRB BED MBATS Calm Ml died Mi-hwda oC S tatM bofdnsMd whe Ut bamoontry snsarcurod ItaK-

VKOBTABLESPoUtoea hoo sn per barrellJSdJ per bond M oacmben N thCouSin per b ket L aU4 lettuce boai jroM

per bushel 73 8 de do per beaurtrtac Deus gma pit ba 4et LOMLS-

GRBSN FRUITSApptas loose packsd U aMpatches per hen 2SMJI do MMMBB L

SUNDUiaSBeeewo 39 taAow JMK hines7hk dofer lIb MW 0 do do 5 icy N

staMBS pee Ib tHW naiet peroMn a ptek flail sawinkc SaJ

toot 31-

6RAl Vbeat choke a51 do fair to seedTfcJ3 da ordnuty 7W2 rye WB mix shelledwhite CaM do yolhm do ear I3aouts Western white X OaB do latafh Wit

AND STXAWTiMthy Males 9J31M-do No 1 00 do Na t 17MtW maimShay llttaltN dryer 1MM7J9 screw rye perball Ut do do Mchtee Uiraahed U a-

do wheat iSJWOOL AND niDKS Wool Market MesSy hW 5-

pMnUy Wool washed free of bun per ML

9 x wnraahed Ira of ban S do hussy 9K-

UW a p r Ih do dry ttI7 OktsfMr-ntm each 3alOJ da dry c eh 2StJT CfilfiUai

each IM

NEW YORK PRODUCE

New York A g 22SUGARTbe Leaeta aKrfe

The local mrfcet or raw aagar it about steady ashuafiiiBifd with eeatrMapU K at 1 raaa

at 9 eaata Refined sugar steady hat oaiet and aa

NAVAL STORE63pirtta tarpeatiM ajriel butIrma Xacatoeiaade hernia Mi kawrwith coawoa to good itiaiaed 4 al TartMdy at 6 Os4S for oil barraia-

BUTTBRRocrtpta 1JN rckasak Market steadybut prices unchanged

EGGSReeeipU 73SS euos Uarint it am sadcent Wgfeer ca extra kale aad Irate FM s tb

seed extras SttaM fra gathered extva

MILL FEEDStnap fftk iastiiry brasia KHxMiad sacks ta arrive tt raiddttege 2a-

ettr bran SM IB bulk Western red SaSI toarrive

CORN Weaker eaiU trade No 2 ektvtor M-

Ne S CKi No 2 f a b ead ef Aaevit 69 NoZ yellow 84 No white 4 f o b

FLOUR Steady moderate trade Spring patiosletoiJi sprIng dears X50al winter straf rts-

4Ma4a5 winter clears 3 a4sRYE FLOURTrade Qidet at tBOaSJSCORN MEALSteady inquiry fair Kfla haled

for export 33Sal coarse neal in LMaLMchoice grades salable Recdpis 73

tons Prime timothy 325 No 1 L28aL2S No 2LMaLM No 3 KfeSS

STRAW Steady fUr inquiry Long rye 6T5-BEEFModerate trade Farafly I3S91400 pack-

et lLOQall59PORK Steady moderate besteeji Mess rTfa-

BM family WOOTALLOWEagr light trade City in hogshead

fitLARDSteady City 0 reined continent S

South American JOW reaaed BrazMiaa kegs 1149city stearime K okostearine uomfaal Chi

LIVE STOCK MARKETS

Chicago Aug 22 CATTLE Receipts 6000Steady Prime beeves 5508736 poor to median43a545 3tocktre and feeders 269e500 cam andhectare 2Jte5J8 canners UlaiSI Texan XiSalff-

lHOGSReceipte 14000 Sc lower Light S6I6SSrough 5 0aS45 mixed S5Qe615 heavy S5a59-pfea EUaS1-

5SHEEPItecttipts llWX Market steady Nativesheep S25aS7fl Weetem 336a573 satire

BJ5a7 Western lamb 5Sa759New York AUg 22CATTL5Receipl3 1400 No

trading in live cattle today FeellBZ ray Dressedbeef in fair demand at SMaWi per pound hangbeef 10 aU-

CALVUSRecel ts i Feeling Sun Veah 6a9grassers and batennilks SM11JO Dressed calves

firmSHEEPXD LAMBSReoeipte 4400 Sheep

steady Best lambs steady to firm others steadybut motinsTvilowlj Sheep 360a5W culls 300Iambs 6 a812 culls Ota5J-

OHOGSReoeipts 2MO Feeling a trifle firmer onBuffalo advices No sates reported before ebinge

POSTMASTERS ELECT OFFICERS

National Convention Will Meet atChattanooga Xext Year

Aug 22 The annual nationalconvention of Postmasters concluded Itssessions here today by selecting Chattanooga Tenn for the next meeting placeand electing the following officers

President J L White Burlington Iowa firstsire president Hesry Klan Jr Savannah Gaarmed TCS president B N Morgan New Yoikthird rico president P B Withoft Daytofi Ohiofourth rice president j R Slier Lincoln Nebrfifth rios president Sobel Erie Pa andtreasurer Gen Thomas C Lawler Rockford lIt

A resolution was Copied recommendingthe passage of an postalTate to be used in small ofmoney through the

lcage

eleventh

Libtit sales

cash

at tIt

abe hema f

pre-dicted

esta

bugsUte

steedOpus

55 SI

tAt IfIbM It

itOATS

It tl

Ui IttU 8111 UI ue

UIDSr Ui UIirw iau ur

IL

o 1aiNo

SI

S

SiIIlDec JIPI6 UP4 IU

JA JM 111OOXIIIK fMS

Dee IIII

RCTrSJtDe serte and aaitst

I I slots Md uwa14

t 6

thisPOULTRY

f

LtUO Xu7Jui VkguiaIJIdD

per lidS bests per calM151

air aseal ate

Noy

It

dull

Igras

fee beet ouc k u aM

Mattt at UI ud 1aIU

ebar

IHAYFirm

SicalO S1

sheepJamb

Erie Ja

lsa ore

and sums

malls

ort

were

sales

salem

dueabort

101055 0105

s a0 0aber N

47 4031

May 45

111 51-5Jary

511 S11744 155

111

anisea a-

Na 104heed

uses

5511 401 0 51St 0111311 1114hay 140 141

451-

Mi 0

vicesteay

sid 1111

31son Near

aid17

MaidSS

lease pas

cab

Or hineS oeiiea aid

atou-seaiby box bouds 141

51lb

II

sea

abisS Mad usupsd

aisle SI maclasses N test

Bad

14

Westernants 30421

dug

2 11

a

¬

<

<

>

¬

¬

FINANCIALI I

t

DAILY COURT RECORD

Thursday Auguat 22 1007Equity Court No 1

JUSTICE STAFFORDBricga n Gadding at aL reference to

SoUdtor J Wibaer Latfaner-CokawB TS Gonwut It aL tine to Sic transcript

extended to October 1 1937 GonpbimBts didW H Sboto and hates Warns delcadaais

Hayden Jobmoa 31 J Colbert tintFrance

Horiejr TS Husky rate ac to alimony CoKpiaiasats solicitor B L USa defendants wHdtorsB Ambrose and L C WllHaawo-

ala ra Albert U KiehaidaoB decree MtbatitetitastisSue Cowpfatoaiif soHeHots Sbeohy Sheehy

Htackbm vs CwapbeU bill ditmissed with costaCXistplateaats solIcitors John G Capers and L h

dotuiduBfs SOlICItOr John EldestSblbsMUd T StabbMeki order tKW datiBS

with No 2RK aqidty mud dtoehaistez ads Oaa-pMM i sotkitor J 8 Baaby jolth d tlsadaB-tMttetton L fc Fnltm Cox v

Circuit Court Tfo 1JUSTICE STAFFORD

Uwbiek n Kkhank order of pHhBeaUM PJatataTs attonseys Btadlejr Bradley

Probate CourtJUSTICE STAFFORD

frtete of Pimklt Kaeabor order for adarid-btator t pay men AUwaoft B B BahnvL

Boise of Ajadnw J Apple petition for letters fAUoneyt HafetM SJsdow

In n Oeancr L Vrisht awotataeac of Josephhw A LawrawK oostnaed AttanNy Wtom WVBMSOB-

IB n Wffliam I Hyatt et L Carrie Howtos appofaM jMrdtea heed X OlL J J-

In n MOMS I Thomw WalkergoMdiaa hush Attorney Thorn Water

Estate of vm m Causeway nib hush MatchV UK with Fetitioa of Ado IL Ouaanay

teatasMatary Auonvy L CabeH WHttatt-

Xota o of hat Kappd will dated 103Sled with potttfon of AWM Kappai tom letters lam

AUoraey Walter H Martew Jr

Equity SuiteN 383 I re L rteb td e to BU

MMe tmtta Osnpfeteutc JoHcHoH 3ekr

LawsuitsNo ma U R jr Weber m OMHtMaie Beach

mUsty Coaimv daaasw 5MOO PtatedflTs attonacy llowatd BoydT

No MS UaahnB Crwk TS B iUn re awlOhio Rafteoad Coaapaay tnimmr SS30L llatattffs-attnrnej Wikoa J Laasbtrt C W Fowler salJUhmd McLaaa

REAL ESTATE TRANSFERS

N abaci nortaweat between Fourth and FifthtnttftGaarfaM A Baker e wx t Alice F S

Ktaae peat let 3 aaaaie SO 3i-Xaa IM 1 IB Push street aoatbeat Daaiei-

OCcaaor to Jaaaee M CarHsk lots 3t SL and91 ovm W Juan M CarUak to DanielOOaaaar Ice We sad Mary OLeery ia fee IRa

ttaner Park flUaw M TernV tnntae to AI E Uleh mat A G Baehoar lets 3 to 23

iqaara SKI to c lots 44 to 41 E

Jam-

KReaoAaate J Miller to label J Vtatar lib U-

t K block O JML

Thirtieth street aoitawert n ar M itreetRobcn L-

MUAetaa taste SO George L yjchofaoa partlot K square 1K 961 George Ntateamet ax to the Georgetown Gaslightput lot M s un 1K6 SKX-

LJitetweodOeors B McDroaU to Jaaata M Bakerlot m tt-

Petwcrth Gfibert C Spttatr et HZ to V feffl-JoaMas lot 44 Week 3-

5Pkaeaat PtaawWflraim Robtewa to Lettte Robmon part lot 4 on Sprwe Set

fo KM Tenth street aorthwettL Mdeadoa Kissand James Gram tmeteec to PEgMa lat 18 ajwre 3 JM

Grant PackJoba P F AVMto et az to MarAyera lot R block 3w SM-

No Ul B strict eoatheaatrMary a Ryan to Waite-rS Piatt lot US maan JSfi M-

LLe Dent PaikXavsa L SiSter to WWara AOoknua part tel X Mock I H-

No MB B street toBtfceMt aMor Pratt toMary sad WUHaa P Ryaa lot Ma aymro

6

DEEDS OF TRUST

MfattroedaMm X Baker It ux to Less Tobmerand lW t Khtg to scene Byron U Ocahaa-ayjtt thne yeses 5 per cst seoiaMMftHy lot131

6 aan MBJnlfa MiddletOB to Cbaries F Bajaand Mcgee T Mitchell to sours Perpetual

Bofldtes Association JSIOO lot SSquire 39BUw F KHa to Walter R Wilcox aad

Gecrga F HUll to store Jacob KohtbaA-MN and Theodosk B DoBBeifea SUM threeears C per cent aeaaiaBBwJly lot 16-

BOBHS BBS George K Howard et or to JWM HWitoon and Levte S Frey to secure dtfaeasEquitable AsocaaUea ut GeorsetowB-H Se parts X 4 8 and 1L

V Hoed to William D Clark andGeorge C to secure BMred G Davis

cent semiannuallypart

Le Drait ParkWQliam A Oetto n to T Lwk-WilHfe and Eraeet H Daniel to se are EmmaL Oittr WeW mmthly paytaeBts 9 6 per-cent fettiaMmaliy part lot 26 block L

Square mGhartos Butt et us to JOBB B Lamerand Joh A HaafltoB to Uw Washing-ton cad That Company 7003 three yearsS per cent gemiaamtally lets M K 33 TJand 74

THE WASHINGTON HERALD baathe largest morning circulation In theDistrict of Columbia Itcmembor TheHerald when placing legal advertisemeats

MARRIAGE LICENSES

Asntey L HerrIng 24 of Staunton Va andMary M Tones 23 of Waywabaro Va Ray Rich-

ard R RJede-JJoteph C Fakteiab 22 mad Clara L Walton 13

both of Richmond Vs ReT D a iUcLsodArthur E Koopnum 37 of New York City and

Ida B McLanrk S3 ef Brooklyn N Y Lewis LONeal justice of the peace

Patrick Tiereer 27 anti Mary A Fitzpatrick 31Rer Patrick B Orara

Harvey A Arnold 44 and Cantya M Bebst 33

beth of Wuttuatfttrt Pa Bar n SebreederCOLORED

head L FraMer of GrecalcTd Md and lieudelta Harris 3 of Petersburg Va Rer WalterH Brooks

DEATH RECORDMorn Lcria MM 7th st nw 31 yearsHaanab H Mulloy 1901 Sib st nw S3 yearsFlorence L Perkins 32 Grant pL nw 43 yearsSarah K Knee BrJghtwood D C 78

Frederick S Kimbuk 354 B st ne 60 yearsMary C Reeret Emergency Hospital 31 yeanEliza Warden Home for Incurables E6 yearsWelbr Bradsiuw 2244 11th st nw M monthsLou Moore Brightwood D C T monthsGeorge Bookman 1102 L st nw 3 months

COLoREDJoseph R Guy ITS Columbia road nw 37 yearsRichard Lewis 515 9th st 5T yearsPunk Brace H8 nit st c 31 yearsAlice Panned 14JS Decatur court nw 5 yearsBiraert 2 Chester court 6 yoireJohn H Corn 217 Snows court nw 5 yearsTines A Ear 411 D st sc I year

IHa YowPram the Tenders Stalearaan

he ever take any marriage vows

Patrice Oh yes he vowed held neverget married

Jamestown visitors are arriving dallyand locking for furnished rooms An

The Herald will get them Th Heraldhas the largest circulation at Norfolk

of any Washington paper

I

auditor

tinVichdtcn

oS

W

DadS

Pre

J JJt Scott J-

IM

lied t-arn

June 5

tilt

Co 5 IIZUN sa III

9L

Cola

II

W BIle

S JrC

11

I

Building

Bad Gutthree years per

secureLoin i

years

J

me

Dyer

PatienceDId

a-

Inand

Junes wn

Drabs

maIn

aakmhiadrs

isaiah

1 Albert

ash

35

H-and

Sins

street

I

ala

lot

1ill 6

>

>

¬

¬

¬

FINANCIAL

Prudence and ProgressAre inseparably linked in the history of thegrowth of the Vashington Loan and TrustCompany

The permanent progress made by thiscompany is largely the outcome of the pru-dence shown management No questioncan ever arise as to safety of funds intrusted to its care

INTEREST PAID ON DEPOSITS

THEWASHINGTON LOAN TRUST

Capital and Surplus 1650000JOHK JOY EDSOK President

thI

COMPANY

in

j

¬

¬

Saving money is like rollinga stone down hill hardest part is starting After alittle while what you havesaved and put in this bankwill go on growing of its ownaccord for we pay 3 per centinterest compounded twice a

7th St and Was Ave nwBRANCHES

7th and H Sts ae-

4X 7th SL swDeposits more than a Million mud

Threequarters

Home or InvestmentI-f TO have property to tell laiptuiul

or sobvbaakt mtalk with fM a to the beatoarte a enstoaur at a fair price If youuc big te a BOB or an intr tisustit b a atnMgo thing if it cannst 4-

fovad UBoae the bu e Maabtr on ewHats At a x rate Jet ns show jw hwr-waM roTI lay to please you

v Swartzell RheemHensey Co

WARXEB BUILDIXG-

flS F STREET NORThWEST

Capital lOQBMOSu

IssuedDirect-

on principal cities of the worldLetters of Credit issuedExchange bought and soldInvestments collections madeStocks Bonds bought sold

NationalBANK-

Pa Ave opposite U S Treasury

home or abroad should usethe Travelers Checks of theAmerican Express Company

K by baric These cbecte an CM-irUWe late aH yrfadpal CVKBCM aod finBish the safest meansfunds shiest

NATIONAL

Bankers and Brokers30 BROAD ST an WALDORFASTORIA

NEW YORK

Private Wires to All Principal CitisiWASHINGTON OFFICES

mUKSEY BUILDINGPhonos Main JJJj1

Minima

Kn York Stock Eib p and PriMJj3 En mn-

oo Capuzaya1000 Round Mountain

1000 Benedictln1009 Red Mountain1000 St Ives

Stocks Carried on MarajnMoney Loaned on Mining Shares

IRVING K FA8BIHGTON COMembers Sew York Frcdsei Eitluge

F C MncsUDd BOND BUILDINGPhone M 3622 WASHINGTON D C

LOAN COMPANIES

02WHEN IN NEED OF

CAPITAL LOANJ Can and Will You

loan money on Furniture and Pianos atminimum rate of interest Loans with com-panies paid off and larger sam advanced at alower rate than you are now seyia

602 F Street N WESTABLISHED 1878

Sudden ChangesFrom Harpers Weekly

Evelyn I hear teat Reggy Windy calledhte new motor boat tl Lobsier

but It isnt a lobster nownot

George Because It turned turtle

The Retort CourteensFrom Punch

Old cab driver at the end of a some-what heated argument 1 know wots thematter with you the winds got in thatole in yar end and set yer tongue wa

SUm ChancesFrom Puck

Injured man What do you think of inychances doctor

Physician Well the internal Injury willundoubtedly prove fatal but lencouragingly you have nothing to fear from thebroken arm I

r1MAKE TilE START

Home Savings Dank

J

O-ft 4fId

mil

I

D

Ie

Riggs

Every OneWHO TRAVELSa-

t

st esimylug aeIIIhDi

THE TRADERSBANK PA uE

A O BROWN CO

I

WANTED

FOR SALE

I

ellisMgr

MONEYTH-E CO-

veother

a

I IIGeorgeYesEvelynWhy

gin

year

Vs

aesmu SC a

4

140000

rats

or

9THSL

1

ioenm

¬

<

Recommended