Newspaper Page Text
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THE WASHINGTON HEEAID, SUNDAY, JANUARY 1, 1911.
WALL STREET NEWS
Stock Exchange Business on
WESTERN MAEYLA2TD GAINEB
J'nxniliillt of Vanderbllt Cooarc
(ions Cauu for Mrengtb Trade
SUI1 blackening; Shown by the
Hank. Clearing", Especially la New
"York. Call Money Rate formal.
New York. Dec. 3L Stock exchange
business to-day was only on a perfunc
tory scale, and indeed dribbling purchases
and saleb of United States Steel, Union
Pacific, and Reading, and one or two
other large stocks constituted substan
tially all the business there was. There
were no dealings at all in about two
thirds of the stocks ordinarily active.
The largest gain made in any quarter
Has bj the Western Maryland shares,
which rose by reason of further rumors
regarding possible Vandcrbilt connections
for the property. Matters of news having
.mj diicct or indirect reference to the
market were, outside of the weekly bank
-tatcnicnU contined to the fortnightly
record of the rallwaj idle car surplus,
which showed a small increase and sum
maries of railway gross earning, for De
cember as thus far reported. whicIT ex
hibited a 7 per cent increase over those
of a j car ago
Shifting of Money Seen.
The bank return reflected the necessary
effect of the end-of-thc-ycar shifting of
money in anticipation of the pavmer-ts to
be made at the New Year's beginning.
In both the actual and average forrts of
the return loans increased heail, and
cash increased slightlj, with the ivsult
of a moderate decrease in the surplus re
serve While prices in the stock market at the
end of the last week of the ear are still
practieallj the same as they were at the
end of the preceding week, a certain
amount of improvement in the financial
situation during the Interim has never
th Ic-s been visible
Tlie call monct rate on Fndav when
banking preparations for the January
disbursements were at their height barely
touched 7 per cent, and most of the loans
that dav were made between Z and o per
tent Xot in jears has there been such
pionounccd momtarv ease In the closing
week of the jear Meantime, too, and for
reasons that -eem to be not altogether
clear to man observers, sterling ex
change has developed great weakness
Jnd must .is would seem be productive of
o'uld imports before verv long
Merlin iWcnkmw Explained.
The puzzling character of the current
weakness in sterling is due to the fact
that although our foreign trade has late
lv improved, vet the balance of exports
over impo-ts for the vear is still not so
laige. as to result, on the face of things,
in the establishment of an great amount
of credit standing to our account on the
books of the foreign bankers
That trade through the eountrv is still
slackening, is plainlv shown by the rec
ords of b ink clearing'-, which are les
sening all the time The decline here is
most pronounced, of course, in our
itv. owing to the reduced volume of
speculative Wall street business Yet
fiom no conservative point ot view can
this falling off be described as other
than a good thing, and it affords grounds
f r a diagnosis of the sftuation as an
improving one The sooner manufac
tured goods of jU kinds get down to the
pltet where tliev are selling at or near
the iost of production, the sooner can a
petiod of gener.il economizing be said to
be in sig,t There is no doubt that in
manv lines the point of equalization be
tween the cost prices and selling prices
lias already been reached
GRAIN AND PROVISIONS.
Quotation, furnished by . II Ilibbs
ntintxT of the Cutcagu 13 ran! of Trade,
eTiirajn D 31 It was lornparatirdi small
maiVt in Ileal here to-daj but hile pnara showed
oir irn-siilanty ni tunes the speculation was cliar
jrtciized b) a firm undertone IiiR operators are
till and the average trader i afraid of the short
ido f'cspite the U-ans!i character of the forcim
i.s and the rocect imrrorrenent in crop jTObpect
i" cur toto -otmtrj is a result of frequent rains
The general tendencj of corn was downward, but
Minwrt f-oni lendinz nhcat bulls prevented an
in.tewcrtlo I"s for the daj KowipU hate latterly
dureascd revhat and there ma be a furtltcT
decrease in Uie imminent for a tunc if the lire-
dieted wet weather malenahzcs.
There was little busine-a in oats They were a
tnllc ra.icr with corn and on scattered liquidation.
rrctisiou. though quiet ero hnner on a stnmsrr
1 is market, buyinj bj packers and coverinc of
WHEAT- Open, lbfih. low.
M5 . TC-, 37". T6
Julj K? C xu
Ma S'- 43U
Julj !- -iV- Oit
Maj "A 04'm tT,
Jiib M 31 SP
Jaruarv 13.67 ttTO 19 62
Mav 13.80 13.S7 1S.73
lannary . . . 10 32 10 51 10 4a
Maj 1C17 10.3 10.17
Quotations furnished bj W. B. Ilibbs k. Co., mem
bers of the New York Stock Lxdungc, lUbts Boild-
Ua State Has. u
I(ntih Columbia Copper TH
Butte Coalition lg
Chicajo Sntnvay ,
Cobalt Central IB
Lb Central 6
f.iroux Copper 6 U 16 6 13-1
Joldfleld Hnrmec I 5-16 1 7 16
iJrwno Cananca 6
Kerr Lake 6 13-16
La JIcmc 4H
Manhattan Transit. 1
Mica Co of vmcriea (newj. . .. 31116
Xcrada I'iah M A. S. Corp U-ie
MpUring Mines Co HK
Ohio Copper. 1,
IUwhidc Coalition 3
Ray Consolidated 1SV.
United Copper 4
Uni'cd Copper pfd. 10
lukon Cold 3",
NcTada 1111U ZH
hew lork, I)cc 31,-Bld and ksiucd prices on gor
. . , ,, Bid. Asicd.
I, registered .1330 .-. 1004 jj
-. CUU1U1, 9kW... ............ .............. IW
3s, regMtcrrd. 1308-13. mj
35, coupon. 1906-18 103
4s, registered. 193 11554
4s, coupon, I92S HWi
Panama Cacal 10-30-ycar 2a, res., 1U.. 100M
UVE STOCK MARKET.
cw Tork, Dec. 31.-CATTLB-Reccjpu, 2.S70
head. There was no trading; In lire cattle, but
the feeling was rated steady. Dressed beef in mod
erate demand at unchanged priors. Llterpool and
London cattle and beef markets wok. KxporU to
day and to-morrow will include 1.03 bcetca. 661
aliccn, and il quarters of beef.
CALVBS-Ucocipu, m head; ferllng flrn-for good
reals; trad) for other calrea. Dnaatd oJrs in
Jigbt supply, bat tbeVe was a lu<ed dexaand and
price wero no mora thaa steady. Ctty iliamj vaaU
were quoted at UaM perlb.; country dnaaM caltct
8HESr AND LAMBS-Beoaipu. Mtf bead. No
Aaalca badbsaa Taaartid np to a lata taur. -'--
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KAhiqiow.ixo JanV 1J imi
PfrrlotWttMirrtvf OUR: CUSTOMERS
. Three Hundred & Sixty Five Happy Days doiim.
W.B.Hibbs & Co.
Three rfuncfred Sc Sf'xfy Ftue AfeppyJPays - ?u OulltijRSil
WASHINGTON D.C.. JlHlU. 7-iatj
Union Trust Company
Jjihee Sunctried. and Sixty Hue JfappyDays
Union. Trust Company
rS-i '-: : The National Capitol Ban fc!:
"" -yv r
Ji- a1 r1Z JX l.'fc.vwiAJ(.'iy V V V-vWCv-. X
:ifeOJig-kmC, Jan. 1 iii:
ygi uur uLStomers
fThrec Hundred and Sixty Five Happy DajsPdJai
iftf Life - W Street Sauings Bank
were nominally stead) . Iambs were holding firm, but
bujers did not care to ojsTatc to-day, as Uicy vren.
well snpplinl with stock. Dressed mutton dull at
5Ka8, dreved lambs slow at 64311; country dressed
hothouse lambs quiet at 6 00al0 00 per carca
nOGS Receipts. 776 held None offered for sale.
Country dressed hogs firm at SallS lr lb.
CHICAGO UVE STOCK
Chicago, Dec 31. HOGS Lire aniraaH urrrc jo.
higher than ycttcts'iay's arcracc The reisipts vtc
estimated at 9 COO offiaal lestcrda) 15 061; ship
ments. 5069; left oier. 4.3T5; estimated for Monday,
29,090. Ilulk cf pnees. 7.93; lights. 7.90 r railed aixl
butchers. 7.G5a8.00, hearj. 7.93; rough, hcary. 7 75,
yorkers, 7.95; rig, 7.33a? 03.
CATTLE Steady; estimated receipts, 300.
SHEEP Steady; estimated rectiiits. 1,000.
Woman's Trot Aire.
From the AtdiL-on Clobe.
A woman Is as old as she looks before
REAL ESTATE LOANS.
Mawl at Uwcat Ratta att latcrest.
W. H. WAIXES, 729 15th st nw.
MONET LOANED OK DISTRICT OF
Columbia property at lowest rattM.
We Wish You a
Happy New Year
New Year Right
Open a Savings Account at this
strong bank, and add something to
it every week during 1911.
We pay 3 Compound Interest
on Savings Accounts.
HOME SAVINGS BANK,
Seventh Street and Mass. Ave. N. W.
Seventh and H Sta. N. .
436 Seventh St S. W.
NEW YORK STOCK MARKET.
Quotation tarnished by W. B. Blbha Ox,
members of U New York Stock Hlbhs
BALES OF SUABES BX HOUB3.
ShircH to 11 a. m 37.700
Shares to 12 m " 100' UO
Ateh , T. A S. Fe com... 101V.
Atch.. T. . S Tc ifd.... 100U
AtlauUc Coast Line. 117
Haltimorc & Ohio com .... 105-S
Oaradun Pa-ifi inrtc
rhcaajicalvc 4. Ohio '.'.'.
ii. . llnilsoru igi,
Knc lt fd isi
tin-it Niwtheni iifd . . .. ls
Inter. .Metro com iy
Inter Jlrtro. ifd 331-
Meairaii Centra! rtf tiv
Jlo . Knn &. Tex. com .... 32
.V . C. A H. ( ma,
KiMilins ecru isrjtj,
Itruk Island com 2J
! U A S. P. 2d i'd ... 3
ht. 1 V. l. nfil u
Southern I'aciflc com .. . llKs
houthern IJ ifd C2
Tliinl Arrnuc 10H
T.. St. U A U 11M n.
Tnicn I'anfic com 1T0S
Wosttni Maoland 49'i
n.. ( an -hii ..
ir. Clin fl
Am. I'ar A I'cui ilr com
Air. Car A roumlr id
Am. Ice VTiintics
m. IHTniotiTc n4n
Vin. 'inllns A Itcf. ceni
Am r.I A T.I
ni Vo)lli?ii rtiin
Am. 1 pfil
I'tnitnl leather cum
VIu Fuel A Irmi coin
lnlateil C.-m . V
!rt it .NorthiTii Ore.
'."lill-M O-iiM.lnlat.d .
.Nci nU C..iW)Ii,l.il1I . ..
I'resMil Ml tjr nm.
KtMiLlic Iron A Mitl jiftl
Tcniu. (Vpcr .
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1 . J Merl fd
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a. rir. "ieni. im
Wotirn I111011 Tel
Aicir. Tolucci 65 .
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BOSTON COPPER STOCKS.
Quotations furnished by
members of the Jew i'ori
(alumi and Arizona.. .
ralumt ail Hit la
Ma on i1Im
Noitli liutlr . .
Orero . ..... . .........
SuiTior and PittwtRin; . ...
I tah Consolidated
W. II. Hibbs & Co..
Stock Eichansc. Ilibbs
II id .2krd.
(irtrr New fork's tire derarlrrent crnits ot
4 ZX men inHudiiu four rii.ii'Iahn.
Capital and Surplus, $2,300,000. U. S. Government Supervision.
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You Can Make No
for the New Year than a resolution to be
come identified with this company's banking
Such a resolution, if carried into effect,
will protect your funds and increase your in
come. Start 1911 by adding your name to our
growing list of depositors.
Interest paid on ALL accounts deposits
subject to check.
Safe Deposit Boxes Rented $5 Year Upward.
UT ,r Cor. 15th
nion 1 rust Co. & h s
Ed nan! J. Stellwagen President Edson B. Olds Treasurer
Geo. E Hamilton. ..1st Vice President Edward L. Hlllier Secretarv
Attornej and Trut Officer. -?, .. ..-secretary
Geo. E. Fleming -U Vice President Harry O. Wilson Asst. Treasurer
and As-iltant Trust Officer. W. Frank D. Herron Auditor
J. Nota McGill Jd Vice President i William 1. Crane Asst. Secretary
Capitol Brick Company
Incorporated Under the Laws of the State of Virginia
Capital Stock. $250,'
301-302 Colorado Building. Washington, D. C.
Stott Station, D. C.
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The Capitol Brick Company proposes to manu
facture both fancy face and common brick at their
plant, located at Stott Station, D. C, as well as
artificial stone of highest grade.
Thcv have purchased about seventv-onc acres
of land, which lies along the Metropolitan Branch
of the Baltimore and Ohio Railroad, four miles
north of the Union Station, thereby affording un
surpassed facilities for shipping their product. The
tract contains a practically inexhaustible supply of
sand of a very light color, from which can be made
the finest white pressed brick ever produced in this
country. They have had sample bricks made from
the raw material, which arc almost impervious to
water, and, under test, show a crushing strength
of over six thousand pounds to the square inch, far
be)ond all building requirements.
The factor', which is nearly completed, is being
equipped with the latest improved machinery for
making brick rfhd stone by one of the largest brick
machinery manufacturers iri the world.
The demand for this grade of building material
has developed very rapidly of late, and immediate
orders are available to keep the plant running at its
full capacity for many months.
The cost of manufacture is far below the aver
age, while the prevailing selling price is equal to
that of any first-class face brick.
The factory is "being equipped for a daily output
of 40,000 brick, all of which canbe sold at a profit
of from$4.00 to $10.00 per thousand. In addition
to brick, fully 100 cubic feet of stone can be pro
duced during the same working hours, at a profit
of sixty-five cents per cubic foot, which will make
the following daily profits possible:
Profit on 30,000 common brick, at $4.00
per M .'. $120.00
Profit on 10,000 face brick, at $10.00 per M. 100.00
Profit on 100cu. ft. stone, at 65c per cu. ft. 65.00
Total daily profits $285.00
Assuming that they run only 250 days a year,
their profits would be $71,230.00. Deducting 15 per
cent for depreciation and extraordinary expenses (a
liberal estimate), leaves a net profit of over $60,
000.00, sufficient to pay a dividend of more than,
24 per cent.
In addition to the manufacture of brick and
stone, the sind has been? proven to be exceptionally
well adapted for concrete purposes, as is evidenced
by the fact that Government contractors at the Wal
ter Reed Army General Hospital and the United
States Soldiers' Home have already used thousands
of yards of it for this purpose. The Company has
on its books at present orders for about 10,000 tons,
at prices which will yield a' very handsome profit.
This is a successfully inaugurated industry,
which promises to grow in a way that will insure
the fortune of the company and its stockholders.
There is available for immediate purchasers a
small amount of stock at par, for which payments
can be arranged to extend over a period of tea
months, if desired.
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