Newspaper Page Text
THE SUN, SUNDAY, DECEMBER 8, 1912.
yiioje Who Know "Wall Strcot
Sny Apnthy of Past Two
r Years Is Only Temporary.
'0 LACK OF CONFIDENCE
Jlrnry Clews Snya Businesa He
ndjnstnipnts, Now Nearly Fin
ished, Halted Speculation.
s The larnf" notlvlty of the Stock Ex-
crmnif l!t week, on a decllnlnK'niar-
' lift, following an autumn of dulness, a
Htimuicr of rxtrctnj apathy and a year
.inrt a liulf of hucm xluth and HlugKlsh
tic..' In stock Investment nnd npeculn
tj. .n that brokers have been cutting ex
riense to tlio barest bone and sorno of
t f heaviest traders have Riven up
milts In dlnjnint, linn served to em
jiiinclo tlio extremity of dulness thnt
has existed heretofore.
(iiestlon that In very much present
la tb mind of the. tlnnnclnl district
tn dnv li whether the old days of nc
I'lx undine, Mr speculation, houmlmr.
fine? on the stock market have passed
mi'l pa.s?o1 permanently, or tho Muk
" (richness that lias been upon tho nmr
l.ei recently Is merely a temporary con
dition The wild talk that N heard from
WrishliiKton, from (he head of the most
Important committee of tho House, so
fir as banking and the tlnnnclal busi
ness of the country Is concerned, that
sinrk exchanges, cotton exchanges,
clfjulnn houses, whoso foundation Is
us fundamental as civilization Itself, be
so obstructed and hedged about that
'heir usefulness will Inevitably bo re-
. .luced to a minimum Is belns heard In
ba financial district with smllca of
Irtlcule, It Is true.
Rut there Is also an Inclination
motiK financial men to find out to
vhat extent. If any, this attltudn re
vets any popular opinion. Discussion
f tho factor.-! that have brought about
r dulness of tho past year nnd a
t inlf or two years In stock speculation
' s much heard In iiimlyzInK tho fundii
uentals that aro Ht work either for or
calnst a resumption of spcculatlvo oc
Wty In Wall Ktreot. The question Is
inker, "Why haa the public, stayed
line verv strlklnK evidence of the
p.tthv that has been upon tho stock
narkei furnished In a comparison of
h nomi" r of days In the l.iM twolv
ears thi' have seen transjcilons on
he r. 'ninsc of 1.00(1,0011 shares or
.xer I'm, r- look back to the period
etw. 111 V.mi and 1?7 as the high days
if hpeiMil.it inn, when l.ooo.noo share
iavs or nearly this weie practlciilly
In 1301 there were 110. or almost
ill', of the day of full business lenntli
u wliMi l.nniuum shares or more were
m motion. In l!'0r. nnd 190 the iradltit:
,tH. bit; ,iud the stock market huum
(is. l'.'iij showing ins days of i.nmi.iiui
'mr. h or over and Win; IIS such days.
m the panic car of 1!H7 the number of
Liu. il.iys dropped t A", and the two
M.irs Vnllinvliu;, liiOS and 100D, show
il.out the name t'muies.
displayed In the utterances of the chair
man of tho committee on hnnklnp and
currency l not a particle representa
tive of public feeling r of a sensible,
people. There must be n market, thero
must be speculation and Inveslment,
ns every Intelligent person understands.
There must be activity of speculation.
For activity of speculation makes good
collateral. Good collateral la the basis
of conlldence, which In turn Is tho
foundation of credit, the oul of busi
ness and prosperity. 4
"Tho peoplo of this country nre not
plvlnjf up speculation and they 'hnve
no fear of Wall .Street. Look at tho
fanners. They wero once the enemies
of Wull Street. That vu not so far
away, but In tho days of William .1.
liryan, when there were plentiful crops
but wretched prices for them. Tho con
sumer benefited, but the farmer starved
nnd the country with him. The farmer
was the enemy of Wall Street then;
hut to-day he In far from It. Now he
Is cutting coupons and riding In his
automobile. The farmers have got over
their antagonism and are tho custom
ers of Wall Street
"As for the decline of Wall Street
and speculation through popular en
mity. Wall Street never had a better
name and has never stood higher. The
management of the exchange has neyr
been more rigid. Its conduct Is clean."
Mr. Clews has 'had largo opportunity
for studying tho nvernge harvester ond
speculator nnd his opinion regarding
the popular belief ns to speculation Is
thereby rendered more valuable. Ho at
tributes tho dulness of the recent pe
riod to tho following elements:
"Constructive combination of capital
readied Its zenith at the time of tho
Standard Oil niul, Tobacco dissolution
decrees of the Supremo Court," he says.
"Since then the period of such con
structive combination luis been on the
decline. The readjustment necessary
has Inevitably halted speculation. The
truth of this Is evident In this week's
I'nlon Pacific decision. It has brought
with It the same hesitation and un
certainty. "Hut It Is a temporary condition. It
menns thnt further adjustment of cor
poration construction Is necessary, but
such itdjustment will be accomplished
and accomplished quickly. And so with
the tariff, another fundamental that has
halted speculation. nu.lni"s will adjust
Itself nnd speculation will be revived"
Mr. Clews emphasized as nn Important
cause of the sluggishness of speculation
tho fact that In the last year and a half
an unusually large number of great
syndicates of wealthy men have been
formed. These men are loaded up with
the stocks of Industrials nnd other
newly formed corporations that are not
marketable. The cheapness of money
hns fostered such promotion, and men
who lire imlliiiirily active market oper
ators have hud to alisoib huge amounts
of unmarketable slocks.
Strikes and threatened htrlkes li;tr
hail some effect In holding back an ac
tive speculation, says Mr '! s. though
he Is not, Inclined to lav much sties
on tlil as a brake nn speculation, nor
on the rise of socialism, which he con
siders, nn exotic and slender plant In
the wholcfome sell of Ainirltn. Ite
cently. he holds, the dlstuib.ince of flu.
money markets by the Halkiin war ami
the interruption of the automatic money
relief tliis country would lime received
fiom I Europe hnlted a promised huo
ii ut market.
For the future. Mr. Clews sees no fun
da'iiiMit.il reason why there should not
be a lesnmptlon of active speculation
In Wall S'r.d. Willi easy mom-v after
the middle of January, and with ibe
Tli" 4'ontraM oompn in tho record or,
h,,j iir4 htwi Thin ve.il' ihnr lirivo I
be.ii' oi.H two il.ns of nullum shut-! I"'11"' Mfiatlon in l lie hands of V.v..l
dealings i me of the was lust riiin i-
lay. on the sharp dei-lln.- that roiiowoo
he Supreme Court decision against the
llarrlm.in merger. The other big day
row Wilson, whose chan-cter and a
tlons thus far have iwn none other
than to give a basis for expecting con-
eiviillslll. Mr. Clews looks for th- talllf
was In March. In 1 !M 1 tlieie were only'""'1 corporation dIMicultles of the omiT?
'v.olvo heavy trailing days
In canvassing tho opinion of Kinli-
ers and b'rokers who know stock market
speculation and its history one expla
nation for this dulness invnri.iniy uirns
up along with tho others more or less
expected: Government prosecution,
nntl-corpornt!on activity and the Indef
inite, though much talked of, social
unrest. This explanation Is not Just
the high cost of living, but tho high
rate of living, and the general extrav
agance because of which, It Is paid,
treat numbers of the people of this
totintry lire living beyond their means.
A hanker who bus been much In
work that requires intimate knowledge
of men holds, that this Is ono of the
fundamentals in the sloth of the specu
lative activity of the country In the
last two years.
"Jn private life men have been living
ixyonrt their means," says this man.
Merchants and others who have In the
. i. .....i, ..r...in,i.. ti......
uine so with tho surpluses from their
. uslness. In tho Inst two years they
Imvnn'l buil unv Hiioh siirnlus. What
'ns been made over nnd iihovo expenses
' ns been required for living. They are
unending, not saving or speculating,
end the. result., has been seen In the In-
tlvlty of the. stock market."
N'Ino olit of tenof tho bankers and
brokers who offer offhand explanations
f the peculiar apathy that hus existed
la (peculation In tho last year, tho more
! 'cullar because It has existed In the
faeo of wonderful fundamental condi
tions for a bounding prosperity: In the
great crops and tho reawakening of
business, will mention next the attacks
on corporations, Government suits, the
iw railroad rates enforced by various
lommlsglons, Federal und State; tho
iirlff tlnkeilng and tho labor unrest.
1 I these things have produced a feel
o g of uncertainty, and huvo Influenced
' (Mi who ordinarily have money nnd
rtho would turn with It to the stock
oarket to keep closo to shorn nnd stay
d. The maxim, In .he vornncular of
o Yankee runner, quoted by one stock
oker, "When unsartln, do nawthln',"
li.ia ruled the speculating public. '
Kut from tho majority of financial
n en tho answer to tbe .question "Is
t-oeculutlon passing? I? Wall Street
cllnlng?" comes s-harply nnd decls
UeJy In the negative. The weartadmo
visenco of olg booming movements In
s orks In the last year and a half of
"icinotony Is a temporary condition, ay
most men. It may List long; but all
mea uro gamblers, they hold, nnd will
.ways Te; and ultimately thero will be
S a return to largo speculation.
One of the two r thren oldest mem
rs of the Stuck Exchange, Henry
Views, Is not one, of thoso who gives
nny foundation In fact for prevent talk
of the "passing of speculation." Mr.
Clews'n long experience and close ob-
trv to ! nrijusled II,. emphatic In
bis belief In an early return of marked
HIGGINS0N FOR CENTRAL BANK.
lloMnn Ilnnkrr Advnentra Profit
ShnrliiK With I.ntmr.
theno. Deo. 7. -Major Henry I,.
Higgitison. the Imnker, advocates prollt
sharing as a partial solution of tho present
economic unrest and as a fair return to
lulsir. which helps to produce tho world's
wealth. To remedy certain national
evils he suggested a revision of the
turiff and cliunges in tho banking law.
The general adoption of profit sharing
would tend lo eliminate labor strikei and
loekouta, and would stimulate bor to
greater endeavor, with the result thaU
eupilal would benefit eventually
I do not feur evil effeels from A revision
of the tariff I have always been a free
trader, but as it is not praetieal lo hate
ompMe free trade, a wiso and fair revision
of the tariff is heeded and may be hoped for.
Willi a low tariff there will bo less money to
wni-te on fooll-hness. The nation will
flouri-h even If its receipts and expendi
tures are greatly reduced.
'I he uiol important task before Congress,
however, is a proper banking law With
such a law wh should not have had such
an orgy us that of 1007 Wo should have a
central bank in which the Government
funds aro kept and tlili bank should be
properly controlled by tho (lovernmenl.
SADDLERY, BAGS, ETC.
NO El, AND VSEFUL AIlTIfXES SI' IT ABLE FOR
I.Anir.S' HAND HAOS.
PAnr.ort oauks, etc
TRCKKA, TRAVKLEItS REflriSITRA.
PINE JtKI.r.CTIOM, MODERATE PR ITEM.
333 FIFTH AVE., Oppote WnIdorf.Atorla
MARTHA WASHINGTON CANDY STORES
llmnrhe. of Vahlngton, O. C.
.13 lUt and ht., nrir foot of MadWon At.,
311 (hurrh sit., boe nrtlanilt,
Kin Wrl tasth St., near I.enx Areaae,
K4 Fleet Mtrret, near 'Fallon Hu, Rroaklyn.
Kindly get your Holiday orders placed early. Goods received fresh
daily from our Washington factory. Eat your Christmas Candies with
"Martha Washington" and your Happiness will be "full to the brim."
"Have a Grape"
PORTO RICO STORE
rni Fifth Avonun -av
mi Fifth Avenue
Onnnitte Fabllr. Library u'm
Jim nn Kihlbltlon and for Main '5 I
LINENS & LACES g
Imported frnm our own nnrkrootn In .
l'urlii llko, ranslni: In prlcrh frmn M
$1 to $500 I;
(irr !i illtTerent artld"
in I troin
'The Prettiest K'
Iirri' liavr Hi. "1 ilr the in;it ii
li-lirliiu- I'm to Hloan i itfr-, Jllllet J
iuii! Mono i
BSTAtlUSHED IN I?
Oraad, Vprlsht and riajrr Plaaoi.
4 EAST 42D ST.
An Ideal Present
A H.MU.i:CABIMKT provide, a
r naturaland practical raranaof kef p.
Inc ..hrel-niuMo ami albums In amall
iiiiftniour kltdtnir Irayn.
ASV I'ICCK I 'AN IlK ,
anrt thr music l alirayp
In prrfoct urrtrr and
vct frntn rar and
arc fllntlnrtlvr In
appraranc: any flnlhof
mahogany or nak ftmn
lis to tn US no. I'any
pamcnt If ilclrrd.
Order now forChrUi-a
Call nr send for free "Booklet No. 10."
TINDALE CABINET CO.
1 Wnt 94 th Strrrt
(Jutt off 1th Ave. I
Nurses Outfitting Assn.
450 Fifth Avenue
Maids' Dresses, Aprons, Caps, etc.
AT MODERATE, PRICLS
Suitable for Christmas Gifts
THE WEATHER FORECAST?;
WASHINGTON PREDICTIONS FOn
' TO-DAT AND TO-MOimoW.
for m... ...r. ..Id .old natrhn and
lrlr rirluattl7 for lht trad. .!nn,"
UIRKT'T TO TOI' thfrll SiVINti
YU MIUIII.KMAN PKOKIIH. Oiir ala
l"u Kiting grnulnr M.I CASH I'ltlll H
"III sire j on martllns Mirfle nd li
quit a rrTrlatlon lo trh ami J'"''V.
Iin.irrt. TOII PA Y is AIHHI I 4Ni:-rilllCU
"hat the rriall Jrurlltr chars". (
Genuine Diamond Rings
Kflrctfd nuarantrcd imuln' lllaninnds. art In
14-kt. lolld irold, hand made Solitaire modrl or
Brlcher ttlnif. We tuarantre all our irools.
FACTORY TO POCKET' BUY DIREC1 FROM
I l45 I !!$110
Cur I'rtfi. I Our l'rlcr
$9.75 I $20 I $50
$10.75 $17,751 $57
utiifrs up to na.r.uo.
Wn rrnit remount dlAmonils nir-ihlri1
pr if rrtfulT prirt1" Sf d for lHtlticuc 22
BENNETT MFG. CO..
175 llrMtt(ir, .V I., nmr 'rllariilt
Utabllshed IMS. Jiff. Am Ki. Nil. linnU
l-?fr.,,le on'yhlrh rrade bac and trunk
"""'"tUMra mnr dlrrct 10 the ranaiimrr.
JMJniyou the trfmtndout rtlllfr' and Job
tier proflta of from K.OOto iwm on every
EJif.. V ,ht 't'I'Srtraent and retail stores
mutt enarf e you.
SPECIAL SACRIFICE SALE
ron onk wnnK only.
ine $6.00 Finest
Quality Con hide
Special mf mm
Sale Price .7d
14-lnrh I lk rm
7.50 Seal or Walrus Toilet Sets $3.75
j.Mj Laaiev Alligator or Seal
Wrist Bag $1.95
Call. Inspect our extensive tin, of Leatatr
Ban, Card Cases, Umbrellas, eto.
THE CREITRT HUES AT 118 SAVIH6S
D. A. DOYLE
2 y.T ae" Ay-
Astor Unas. Cor. I7th St.
3IB B"wsi 413 nth At.
5 w. lasih at. - a w. nth at.
non nth ab.
For raatrra Ken York, fair fa
oDth-nnd snow flarrlrs ! siortkaTa'
portion to-day fair and nick
colder to-morrovri moderate I"
brlak aonlh and aonthiTeat rrlnrta.
Kor northern New Kngland, anow flurrlea
o-Uay; f.ilr and colder to-morro;i tnoderair,
suullt and aouthwest wlnd.
l"or southern New Kticland, cloudr to
day; flr und colder to.morrow; moderate.
For New Jcraey, unsettled to-day; fair and
much colder to-morrow; moderat. south
NHW TOUK, Dee. I. Th dlsturbane.
which was over eastern Ontario on Friday
tins central to the east of Newfoundland
A depression of modsrat. depth was w.,
tral over northern Minnesota, but was at
tended by little or no precipitation.
Thero was light rain In the east Qtiltj
males, n Mule snow In the Ohio Valley.!
loner lakes and nothern New York, and,
senerally fair weather elsewhere. ,
The pressure was high over all Metis, .s
rept the north rentral Blaise and MalnO
ulih lh principal cenlr. over Hi. eitieme
Nnrthvestcrn Slates, tending southssstward.
It rss colder In Teaaa and New Msxleo,
and In alt srctlnns east of the Mississippi
Itlver except In the upper lak. regions sad
the south Atlantic Klates. , '
Warmer weather prevailed In the upper
lakes and west and roulhwestward Into thr,
llprky Mountain Hlales. .
Krrrslna temperatures covered northern.,
New Hnnland nnd New Tork and all sea-,
Hons north of the Ohio Valley snd bcysnd'
the Meitran border In the Houttiwsst.
In New Mexico, Arizona, Utah and Nevada
the temperatures wero from S to II degrees,
nbovo tero, nhllo It was abovo th. freeln
point In the Dakotus nnd Montana.
In this city It wjs cloudy In th. morn
lux, fair In tne afternoon; cooler; wind,
fresh northmrst to weal; average humidity.
Hi) per cent, i barometer, rorrected to read
In sea level, at I A. M., 30.01; I I. M., U.ti.
Tho temperature In this city yesterday, ss rs,-.
rnrded by the offldal thermometer. Is shown In'
the annexed table:
.. 1st:. latl.j till.
S A. II 4" S3 I 6 P. If... .40
13 M 13 61' p. VI 31'
II'.U 43 .V1"3 Mid .. ,iV
lowest temperature, M. st :J0 P. M.
.No chars, for flttlass
Dandnft Frocks, $28.50.
Street Dresses, $.15.50.
a.i nr.sr asTtt ktri'.i:t,
st . rnai
lal and a
UT ioui:hatkly phicki. Tui ?mJaiMWi
ni W Is sewrst drslrss Jr pBHgBBBBBJgMS
frl Eli effscu suitable Kl mmm
Eli" JW for the hotr, as Jji
R III wsll ss offlc. build- Wl
i'4 11 ls. hotels, clnbs, IP.
U? 111 cafes, storr., dls- Vf.
RP1 I I 1 P1 windows, etc. L4 mmmm
m I I 1 Shapiro I annioi m '
&) I I SHOWROOMS 3
Special Harsaln. I"lne
(iermsn Silver Sol
rirrctl Mesh Purse,
rqnal to Merlin, aio.
41 MAIDICN LANE
E. F. EBLE
CAoice Collation of Curios cni Rnt Jttcth
Suitable Jot Holiday GJti
105 West 42d St., New York
NLW YORK 5
The Institute ot Musical. Art' Elinor Comstock
MAY START NEW CURB MARKET.
rnndurti'd Klel In .h inirrrsit oflilrhrr muicfil ft,I5I.W?llt ?.n1 V .ChnoL IhetUkv Met
rd-irutlnn It nn lUts ntudrrit nf unturaUhlltty i,?"".!?1! all U-KhetUhy pupll-...1
ami fiirnl purpn'. a tfnTuijch fin it c-ompl"tP
iMliicatloN In inn sin i It limit uolni! nbroml. Iht
operatic department trill te earned in (lose atfiftj- I
Itan trtlh Utt Mrlfntmllinn antra Itius.
IUO rUrcinoni Vr T
, I H
KT MI.M AND EXHiniTIONB. j yKT ntKW ANn. 1?"I-?3T?"?HV
NEW YORK CONSERVATORY
OF NORTHERN MUSIC.
Inis lloe(bri. Dliicmr. bead nf Piano Dept.
IJolser lllrkrrnil, eminent Danish llarltonr,
head nf Viilcc Department
Lillian t'oncoril lnn.ien. ithylhmlcal Breath
Ini. Drainnllc Art and I'laslle.
STt'DlO. aT Maillin Avenue. N. T. City.
llarmony, blitht Iteadln. Knsrmble IMaylns
iuiures nn current operas. Claasrs arranced In
rrrrcn. Clabjic Danclug. Literature and History
.j" MI.SS F.I.IMIR COMATnt-K.
IOOO Madison Asenue, New Tork City.
Plsalst and Teacker. Pupil at Csbrllowltseh.
Tues. and frl. Aftrmnon. 1M Carnefl. Halt
S( IIOOI. of oi-k.ka In I'nitlUh and luilaa.
IU HI'.SI sslll sr. Thine lull 1 liver.
.. Y. f'OI.I.KCi: OP Ml'Sltl
las Kast an lb St.
Voral and Instrumental Instruction.
WILLIAM C. CARL
r.l'II.MIN'l IKv.A.S IIOOI..44H. I'ithlt.
FUUI 1 niyiyiHU Contrallo
4rtuf sin gin; iepri--.cn latKenr Marchesl UeltiuU.
Studio, Kl-J nest 9d Ht.
ii,iinii.r W I ft U T Toirr.
m mm m
tti C'arncrlc Hull,
Fridays anil Saturdays.
H Ixxlnictim Avrmif-,
llest Mrthol; ClrruUr.
Wnrliurar nnd Hepburn to Appear
lleforr Cnnarrraa Coiiimltler,
Tlin sub-committee it I lie House Commit-
tue on llunlilnit and Currenuy, which Is
i i... n...........it.. r-i , .-I.,..
s-en-atlon f ... lull ami tempeata of n Vh.; of ,r Z Z
Hpnculatlon In Now nrk n,nd his an- , ' .. ,r, i(llheHrlnirKiii n. nrui n,.ri
thurwhlp of tho atandard history of thn.or.iutiiniry.
-iireoi. i-iiriy veurH in wnn MtrePt," Pmil M. Vr!iur of Kiilui, !,oeli A Co.,
.Three Stork Ksrhanare Ilonara Send
t lie iiiuvi-iiimi. uiuuiiK niuvn csunnnKf I QDnOfiaffsDaT
flrnm llmt started lust week to orKanirei n HHUOOPtUrr
new rurli luurKnt as t tio reiult or n recent
curb ai8oelotlon rule which Slock Kxclmnce
broltern cotmldpr obnoxious i. to tnke shttpe
on Monduy ill n meelini; thut luia been
called by n cotnmitteo of threo Htock Kx
liivltutlont hnve bepiiM-ut out by Konter
A l.ouiiHbnry. .Mcliruw, Uliiciicii A; Dnipcr
mid Kobter A Ailums lo nil tho larue Stock
Kxchunue flriin to aend rcpreKPtitatirex.
The rule which ofTenda Is on udopled
recently by tho curb usHoridtlon to Into
elTcct January I to excludn from the curb
nil trader" not working on u commlHslon
IiiihU. Stock KxchaiiKe hotmeu who do
I heir huslncMsnn the curb throuvh wilnrled
etiiiiloyceH do not propone to Und for the
uointnitii-loii ideu, which would greatly In
:rene their costu Ai they" buy Mint mo-t
of Hie leitltitniiln biihlneMM done on Din curb
i done by I hem they reitunl li an n com
piinillvely ,linilti mutter lo siurt n new
curb inurkel if the present body does not
come to terms.
AMY RSAMT " Wr"t f'h St. Opers
MIViY jrf MPs I itrcUalv Hiimlays, 8.10.
L.O. onmULLUrr STUDIO, HI Caraerle Hall.
Art of ainslns.
Aeolian Hall. Ulr, 2J .SI.
btuillo, Hotel Calumet, 340 Y. 67th.
ntudlo. Hi ('arncile Halt.
KXHIBITION COMMENCES TO-MORROW
In the Fifth Avenue Art Galleries
Slain Kntranrc, 1, 3 and 5 Wct 4Rth .Street,
SII.O rtUlLDINO. Mo FIFHI AVKNtn: MJTH ST.).
MB. JAMES P. SILO, Auctioneer, announces nn
Executor's Sale of over 400 x
All Schools represented, including ceveral by George) Inneiw,
J belonging to the Estate of Henry Iden, Esq., deceased.
J Itemovcd from Ms late residence, Prlham, N. Y by direction of Henry Amrlieln. Ei.
t KKVvHVK- Kwl- lAttornsy.
s inr. a. nrtis,ii tJ.
TO BE 50LD 4AT AUCTION On Wednesday, Thursday
and Friday Evenings, Dec. II, 12 & 13, at 8:13 P, M.
in connection ill the same statb and removed from the above mansion,
All the fine Bronzes, Musical Instruments, Statuary, Silver,
aia-ss, Chlnaware and Household Effects ef every description.
rTit.i. nr.hoi.n in Tiir-n: cALt.r.it lies
On Thursday and Friday, Dee. 12th and 13th, at 2:30 o'clock.
MINI ATI) HI'. AI.UANAO THIS DAY.
ami rvl , rat
Suullsci. 7:OTH'jrsel3 43U(llooa iSU..
HIUH WATER THIS PAY.
ml aul ikl
Handy lt'k..t Gor.Island..7:(nell Gale. tV.QS
1A)W WATKn THIS DAY.
SMI AMI 1U
Nandrllk. U:l3Uov. Island.. l:nltell Gate. ,.3:ti
Arrlted-SATUHDAY. Decemlier 7. ,
SeCedrlc, 0:10 A. M., I Jvrrpool. November SI.
Si. Paul, lllti P. II., Soulhnuipton, .N'cn em
it r .10
MMnn CiKllclmo, l:jri P, VI.. Naples, .Nnvcm
S Klonlan,; A. M.. Antwerp, November !.
Si lleznamr.A A. M , liudnn. Nc ember 17.
I'rirnlelne a.Ml I. M., Shlclrth, N'ovr mtier SI.
S lliienus Aycs. 3:li A. H., Havana. Imem
ber .1. . , '
Ss I'rlni KrnlctlW Hcndrlk, 7 I. M., I'orl an
Prince, liwember I.
S licoricUii, 3 I. M., Puerto Meilco, Nuvtm
S. l.urkcnbacli.Ne.w Orlr.Ok, November:".
Sh Dclawaro, I'lillaurlplila, Dctiiubfr a.
Ms riicrapcilic. Halllmorc, licrcmber ir.
Sa Hanilluin, Norlolk. flcu'mber ft.
KikiiIc Albert. Genoa...
rinclnnall. Kunchat... .. Km AM
SI. Uuenlln, Muulevldeu.. . 8 nn A Vt
Colou, rulon. . II Ml A U
Toranllui. llalila. 13 00 It
HaniJUuii, Ndrfulk... . , . .
Sell Tuesday, terember in.
N". Ainslenlam, Hellerdani, S.K) A M
Matani, (iri'tinila ItiOUAM
Sanu Hrula, Suntn II IM A M
t'rlstn'isl. Culoll It 30A M
United state-., I'hrlrtlane'd. .. .
Kih-iiIicIm l,ni-c ..
San ll'itfllclnm. N'aplen.
Saul' Anna, Marseille.
(' ill (ilnrclii. Mnnleiro Hay
Ui Uirralne. ...
,, Havre ...
, .tendon. . .
11 no. , M
10 00 A M
12 no M
sno Y M
liar A M
3 oa I'M
in on A-M
1 no I'M
2 0D I'M
n no H M
00 V M
:no i vt
t oo P it
sot p M.
, ,.0. l
, Nov. VI
. Nov. ja
VIM III CPUnnl intNMST 1l. llAt lilt. Lincoln I
SIWS.IIS SJW'IWWS. .i
Vrcailc. Hi; lliQAdway. N. Y.
Speclsllst In Voice I'ulture.
.Studio, iu TId St.
PHILLIP MITTELL V,n,u Instrncttnnand
rnii.i.ir iwn icm.n,rmi,,, 01J ,.,n Av,
i DIXON RIDER
Pianist ana leacssr.
7l K'arneirln Mall. .
I'rom Imperlsl Cons, of St,
Petersburg. 510 W. 7d St.
Studio. 1315 Carnerle Hall,
TO GIVE VIEWS ON CURRENCY.
clvo unusual authority to Ills opinion! wo liun inmlu i hpitIhI study of (lie cur-
i,n"iti, fnotsi nn,i rnniililnn thnt tnnlr . retiry. strict A. Ilarton llfpliiirn, rlialrninii
mi inn rntis inn condition!) mat maice of lne JO(ir(1 0, lll0 (, KmionH nHni,
for npoculHtlon, Imve heen invited lo iipprtir. Jlr. Hep-
"Tlin people of thin country have no "I',1, "PPr" on Jiimiary 7. IJeptily
,.r iv, ,ti ji-,.i .ii, CoinfitrnlU'r Kilmontl II. rialior of Nuw
tmr HI Willi hlret'l, aro 1IOt SllsplClOlM -neli Itv Iih Im.n invll.u lulle,.fl.
r rilettriiKtfiil of It," Hiiys Mr, Clown. M, l!. De Auueni, prrnlilenl of the Ton-
Snrli il fi'i'llnir liiiM IihiI nn Infliinnrn "Ol illlted MIorK l.xrhulltfi', mill .Mltri'iia
,i . , ii e " "' iniiuento , tr(,Hiirer. Imve been Miiliiin-nued
m the ictimllnir of upeculntlon In tho t() Hpienr bcrore (lie 1'ujo coiuuilttce on
last year ami a half. Tho antagonism , Tuiwluy,
Teacher of Slnflnr.
803 Carnegie Hall.
Mms nKnFN RR1NP "Hfl-canto-slNOlNn.
Itime. U0UCR unm siuillo.s:SCameto Hall.
MmB. BEATRICE G0L0IE
Hi W. 77d SI.
Voice Ciiltuie. IM V. ssth.
tiltJIA RFCKER nl Teacher.
I- Btsurtcn stein ay anrt Aeolian Hails.
Studio, liv V. Ill m
JAMI M ynVI ill ,nrert ptanUl ft Teaoau.
wr -" Carnenln llsll.
'lescber of alnjlaf.
m Carneils Hall.
Riv. Be STINBERB i
PAULINE HOVEMANN I'SSS'SglSSbJF
Espennza GirripiB ."hw.Is?
HM.F.S I1V Al'CTION.
RAI.KS I.V AUCTION.
IIOIIM PKAIIL lllTrON WOIIKS. A petition
In tuinkruplcy.bas been filed against tho nolim
Pearl Mutton Workh la coriioratlori), manu
facturer ot pearl buttons t Vi'l Kast Seventy
llmt street, by Ihe-o tn-dlntrs: sonhle Ell. Iks);
Kuecne I'.ll. (IS, and Victoria llulim,
Juuse Holt appointed i;. J. Myers receiver
nn nppllcutlon of William C, Ibenberg, v,hu
said that the UnblUdc were Si'I.KO. asseu
s:u.iiiikI that tho trouble was mainly duo
to l.iok of capital.
COU)NIAL COLUMN MANHPACTlilllNGCOU
I'ANV. A pcllllim III bankruptcy lias been
Died airalnsl tliu Colonial Column Manufac
turtnr Cumpany, nianiiraciurer of bulllup
rolumns, Willi nrtlcei. at llrimilway, by Huso
rredliors: Isalali N. Smith, K.lal; Mario V.
lwirlna, Kit, and llyron liny Hairs, JT.'U. Tin
company vas Incoiporalrd on Seplctnber 72,
lir.', unit capital xtock t'n.ini. 'ilie columns
ttvro inaiiufactiircd at Souih Nonvalk,
LOI'IS DAVIDSON. A iieililon In bankruptcy
tins been tllcil nitalnst Loulx Davidson, tradlns
an the Korl Hill Traillni: Company, dealer In
Jewelry mid ikdcIUih at 117 1'uurlli cnue,
by IIickc credllois: lllNs linn. Co., ti:: Allle
boro ilanufaciurtuc Cumpany, I to, snd the
Inlaid Company, ItlM. It was aliened that he
made preferential payments, ll.lilO. and trans
ferred merchandise and accounlH, .luilire
Holt appolnled Kilinirham N. Dodite receiver,
bond MOO. Uablllilcs are rsilmaicd at ,),
HAItllY CONIIA1M A petlllon In bankruptcy
baa been tiled asalnst Harry Cnnhalm. Iradlnir
as Conhalm 4 Co , wholesale dealer III cloaks
and suits at II XVesl Twrnly-llrst street, by
holumon Wlitdor. a creditor, for K on an
asslcued claim from Llberinaii FerKiiaun.
Judire Holt appointed Frank J. Waldcycr rc
celir, bond WK.
HYMAN A.Xi:i.t)l)-A petition In bankruptcy
lias been filed aealnsl flyman AxeJrnd, whole,
sale and retail dealer In butter, csts and cheese,
iw Pike sirrct, by Warren D, Hanurd, s creditor,
MtmillH hrrrilNnHIH) of slJt Third avenue,
manager of a restaurant, has filed a petition
In bankruptcy with liabilities $1,610 and no
assets, lie has boon In the restaurant business
, for eltht years.
HODHIIICK J. KKNNUDY-Schedules In bank
ru !!' of noderlck J. Kennedy of MO Dyer
aveuuc, formerly a liquor dealer, show- llablllilea
Sll.ino and nominal aaseta rnuslstlnir nf nolea
0i, accounts 1717 and rash 11, Vlost of ths
notes and accounts are said to be iiucnllccllble.
Tim larrest rrcdllora are Mary K, licuncdy.
7iW, aud Henrietta Iniber, ll.n.
INUW UIN LIAlLrY fKKri VIEW
At the Galleries of the X
Fifth Avenue Auction Rooms, I
Aj3-A4i rourin Avenue, s. t,. uor. 25th Street.
Important Collection of
CHINESE ART OBJECTS
recently consigned from China
to the noted house of
YAMANAKA & COMPANY
Osaka New York London Peking.
The Collection Consists of
PORCELAINS AND POTTERIES
incltidinit rare specimens of
the Han, Sung, Yuan, Mlnft and China Dynasties.
Jades, Rock Crystals and other hard stones.
Antique Chinese Rugs
and Deautlfully Embroidered Silks.
To Be Sold at Unrestricted Public Sale
ON THURSDAY, FRIDAY AND SATURDAY,
DECEMBER 12, 13 AND 14, 1912,
COMMENCING AT 2:30 O'CLOCK EACH DAY.
aPuf-nlndiiPa will K mti
""wr,"'H "IUIIIiU UIIUIIirAJUralt
HENRY A. HARTMAN, AUCTIONEER.
COHNUli Apartments, i rooms, cold water
flats, into 111, I8H Kast iyih st.
I.raa-ue I-eadera Win Attain,
Pl.AiNritl.n, S. J.. Deo. 7. Tlio Plain
field Association I'ootbull Club w us defeated
here this nfternooti y thu Alloy Iloyn of
Newark, leaders In the Interelty Atimtetir
AHHovlation Fooltiull Leairne, Uv it acorn of
3 to l, Ktoh team Hrorrd n gou I in tho MrHt
liulf and when within tlin luNt two mliiiiti'
of play In tliu second half the vialtorN liy
clever work uiudv uuotlier vual, wliiiiinu
A Ar-Adult family, Protestant. Iiaxlnr beau,
tlfully furnished Will clusa aiurtmcnt, lllverslde
Drtvo close to subway, soultiwcstern eaposure,
will take ns one of family rcilncd married couple
nr rentleinan who will appreciate tho environ,
ment nf private home. In preference to hotel.
investigate; nisnesi reirencra rirhasred; nu
others, t:.. ltxi. kiz commons av.
SITUATIONS WANTED rEMALEA.
lim IhlWII'llll IT. L'.iu.r.l nA. nrmA ..1.1. a
perlenced, with (tood references, want places
small families: other rood Southern hrli fur.
iilshed. LINCOLN INlil'STIllAI. KXCIIAMIi:
(Agency), 314 west OBtn-i'Donc 4tso Columbus
Harry Luckcnbach.. .
Diayos . .
A ii i nil-.
El Mmido.. .
Saraloea . .
Catherine Cuneo,. . .
I'l Mar .... ... .
Inarua. . ,
.San Juan ,
San .Hi an .
, December 10.
Hocaa del Toro.
(lalveston , .
Nov. S I
. By Marconi WIrelsss.
Ss Caledonia, for New York.was 70 miles east of
Sandy Hook at 7;I1 A. H. yesterday.
SkMlnnetonlca. for New York, wu:S0mlicaea
of Sandy Hook alliooti.
SSt. Paul, for New York, was 375 milts east
of Sandy Hook at tlfln A. M.
Ss Chlcaeo. for New York, was 1,410 milts taat
of Sandy Hook at s P. U.
Mnvemrnla of Karal Vrsarls.
WASHINGTON, Dec. 7. Ttln battleships
t'tah. Delaware, New Hampshire, Vermont,
Virginia, Georgia and Illinois havs arrived
at Hamilton lloads; the collier Hector vt
Portsmouth, .V. II., the transport Buffalo ui
Sin Juan Del Sur. the gunboat Vlllalobos ut
SliuiiKhu.1 and the cruisers Saratocu and
IWInbotv at Honsksns.
The suubuut Ulcuno has sailed for Saili
njii for a rrulsu on the Yanstsa and tlio
cruiser Des Motnos from Port Aransas, Tex.,
for Port Artbur.
Army and Navy Orders,
WAHHINaTON. Dec. 7. These
orders were Issued to-daYl
Second Lieut. C. P. Dick, from TwebKs
second Infantry t" Kourteenlh Cavalr:'.
First l.lsm. M. J. Hlkok. Coast Artillery,
from iresuncnl at Lettermau Ueneral Hos
pital. Presidio of San Francisco, to Philip
Capt. J. M. Morrsn. Twelfth Cavalry,
from Army Service School, Fort Leaven
worth, to his reslment.
First I.leut. A. T. Dalton, Twentieth In
fantry, relieved from duty on recrultlnit
First I.leut. O, C, I.aurason. Twenty-rVT
Infantry, tu duty us aide-de-camp to Brltr.
Oen. Italnh W. Iloyt, te Ht. Paul, Minn.
Capt. w. U. Johnson, from duly with or.
canlsed mllllla of llawullan Territory, to
company to which he may be asalrned,
These navy orders were tisus:
Capt. K. B. Hayiten, from Naval Home,
Philadelphia. January 1, to commaadaas
Key West and Seventh psvat dlatrtos.
Knsttn W. R. Munroe, from reserve IV
psdo group, Charleston, 8. C, to Union lry
Works, Han Francisco. . .
Enslsn F, S. Ltnrluft, from the ifsnnfbal
to treatment at Naval Hospital. Boston.
Passed Assistant Surgeon II. I. Hull, from
Naval Hospital. Puret Sound.
Assistant Surseon A. 11. Davidson, from
the Pac'flo torp'edo flotilla la ths OUctar.
Pay Inspector T. It. Hicks, to Norfolk;
yard as general atorekeepar, January a.
Paymasier F. V. Beckett, from New Torst
yard to Washington yard. .,
Assistant Paymaeter II. H. 'p
the Prairie to receiving ehlp at Philadel
Jackann Sllll ln Cnlness Loan.
A, Wendell Jackson, the AmCHfi wlm
euulneeriMl the Independent SW.OUO.OOO C'lil
iicko loan, denied yesterday that ho lis
withdrawn from the uudertakluv, a.rj