Newspaper Page Text
jui j,EsssssTsTr'aii,sTCT.w.TsTsTsTsTsTs. n "-: ;t ii i immbiiii wimiwm m ! ' ' in wiii i i
vj-'jS4 kswxi uaf"ft?ssf .r4t?TS'$ '4-,r::-
" yi:y V 1 rv-r" r 'i, :ts"'i:,i.-J 3i-.fra'k,-WtW f Ai- -..
jl tf i - aa. -r . r- j.-.-aic t -i r-ir"- vt -.?ri .-nc n-r j' J viitL" sai5 .rr- iii-v . nr, j -a-- awg- -. .--- rr iu.a- err wrt"." jw .t i v-tj " .-i- IJ - ; -r " " - .f r--ir-'-tarir- -; a. r i - - . , -i: ., w vr . ,-' r -
a .; . ..- V J.. ; .. jhgAjanNG , - .&:
Local Financial Matters
Br I.' A. FXEMIXG.
The -third question asked! by "H. ,D.
F." rollowi: "Please inform me if there
to any possibility of an increase In the
dividend rate. In the Immediate future,
a. ot the Washington Loan and Trust
Company? My understanding is that
when the surplus of the institution
reaches the minion mark the distribu
tion to the shareholders would be in
creased." The best Information at hand is that
the dividend will be increased to 9 or
possibly 10 per cent in the compara
tively near future.
The directors some tlmeago decided
that all earnings in excess ot the 7 per
cent dividend now paid should be di
vided into three parts for distribution,
one part to surplus, one part to depre
ciation in realty and building, and the
third part to the shareholders In the
shape of an increased dividend.
.The company's earnings are between
14 and 13 per cent, and business Is in
creasing steadily, so that a 9 per cent
is certainly warranted perhaps a 10 per
Julius I. Peyser was guest at a large
banquet at the Ebbltt House last night.
Mr. Peyser was as gracious as ever.
The "Washington branch of the Na
tional Association of Credit Men. an or
ganization that materially aids in the
upbuilding of conscience and commerce,
will be organized at a meeting to be
held this afternoon In the rooms of the
Chamber of Commerce.
Nearly all the banks and trust com
panies of the city have signed applica
tions for membership, and a large num
ber of manufacturers, wholesale and re
tall merchants will be on hand to Join.
The arrangements are In charge of B. B.
The organization now has branches
In oer seventy prominent cities.
One of the chief objects of the organ
ization Is to advance the dissemination
of credit Information. Every member Is
expected to furnish the main office with
records f the people with whom he does
business, when asked to do so, and espe
cially to report on delinquents. It will
act as a check on the town-to-town beat,
the traveler who stings and departs to
The organization urges upon list mem
bership and on the general business pub
lic the necessity of maintaining a high
Credit Information of Inestimable
value Is available, the annual fee for
bank or firm membership being $10.
Members of the American Institute of
Banking and "other bank men" are cor
dially milted to an oyster roast on Ana
lo&tan Island Saturday, October 2. Boat
in HI leave the Analostan Boat House at
iJSO p. m.
It is requested that entrants for the
day "will bring along some old clothes
and a baseball gloe." B, S. V. P. Is
asked before Friday.
The Invitation committee is composed
of Joshua Evans, Jr., A. M. Nevius. Ar
thur M. Nyman and Philip M. Garnett,
The suggestion of "some old clothes"
has Just a suggestion of a rough house.
Sessions of the Stock Exchange are
rather amusing these da) a. There are
few orders on the buying side. This
fact, dm eloplns as the session advances.
Is followed by a very general selling
proposition by one broker, with no se
rious objects to taking a turn on any
thing on the list. The rubber fell off the
tip of the Capital Traction hammer yes
terday, and the pounding it received wfi
sex ere. but without eliciting much of
' anything but a few smiles. Nothing
f-eems to attract lnesting attention, and
Washington Railway and Electric se
curities are no better supported than the
shares of other securities. It Is a wait
Waiting for the developments which
every one, except those on the Inside,
expects In the comparatively near fu
ture, holders of stocks are not anxious
to sell to any extent, although there
has been liquidation in Railway com
mon and preferred In small amounts.
Man land - Virginia acthltles have
ceased for the time being, nor Is It
probable that they will be resumed until
after the Virginia State Commission has
passed upon the purchase of the stock
of the two small electric light properties
Should this acquisition be approved,
the next step will probably be the rec
ommendation of the Washington-Vir
WALL STREET GOSSIP
It is reported that specialists have a
substantial number of stop-loss orders
In their hands in leading industrial
Fear of an 'election scare notwith
standing the effect of the war is enter
tained in some of the offices.
Copper will be well bought on reces
sions toward late low prices. The restor
ation of normal metal conditions abroad
nould be followed by a sharp recovery.
Some calling of loans Is rumored. It
la ssfld Europe has refused to let any
gold come here, and the transfer to us
of securities will again expand our loan
account this week.
Scale down buying for the Harrlman
estate is declared to be going on in
Union Pacific. Southern Pacific Is being
avoided In some quarters on account of
Morgan interests are expected to sup
port Steel vigorously Just below current
It Is understood that rich. New York
-capitalists are buying Consolidated Gas
for a long pull.
Market is recovering" from yesterday's
Jolt and digesting the securities arriving
from Europe but we must be prepared
for breaks from now on as election ap
proaches. Sharp reactions and quick
recoveries. A quick trader can catch
these moves. I
Chlno Copper Co.'s statement for the
quarter ended September 30 last will be
made. publ!cear!y next month and It is
expected to make a very favorable show
ing, production for the three monins is
estimated at approximately 10.000,000
pounds and net profits for the quarter
in excess of $1,000,000. The. belief pre
vails in some quarters that the company
will begin the payment of dividends ear-
ly In JS1X
A Paris cable to Raymond Pynchon &
Co. says: A French syndicate is assum
ing the liabilities amounting to $3,000,000
of three agents de change, who will re
sign. Raymond Pynchon & Co. are in receipt
of the following cable from London re
mrdlnr the Balkan situation. Paris con-
fartnes to-day, French preniltr,.EnjUj!h,'welt,
ginia directors to accept an offer from
the Maryland-Virginia ,for their stock
and the submission .of the matter to a
vote of the shareholders, merely per
functory, as the directors ot the Maryland-Virginia
are practically the chlef
est shareholders of 'Washington-Virginia
Railway Company shares. v
There may be. an odd shareholder or
two who may have something to say in
the negative, but majorities control.
This step will also be brought up for
Moving along, when the time comes,
well oiled and smoothly, the machine
will then begin to consider the acquisi
tion of Wushlngton Railway and. Elec
Further than this deponent sayeth
N. B. The word merger." If used
above, has Inadvertently crept In.
The Potomac Electric Light and Power
Company Is the particular bright r and
profitable .adjunct of the Washington
Railway and Electric Company. In a
word. It is a grand little money-maker,
growing beautifully and adding dollars
to the treasury of Its owner, demon
strating the" wisdom that attached It,
For the fiscal year ended June 30,
the Potomac Electric Light and Power
Company turned over 1475.000 "to its cor
porate owner. It sold J31.570 worth of
power, and since Its attachment to the
circuit of the Washington-Virginia Rail
war, as noted ten days ago, it has made
further use of Its "Juice," The HT5.000
was a dividend.
The total revenue of the Washington
Railway and Electric Company for the
year ended June 30, 19U, was Sl.690,19
made up of S1.3S5.753 passenger revenue.
J231.570 power. 315.716 rent for. equipment,
J6.123 from rent of tracks, with sufficient
other Items of lesser Importance to make
the gross operating returns J1.630.1S2.
The net operating revenue was JS16,353;
income from securities owned by the
company. J1S5.GW; interest on deposits,
Net Income of the Washington Rail
way and Electric Company was $637,701.
Distribution of this Income: Dividend
on preferred stock, W23.331; on common
3 per cent. J1W.532. Surplus for the year
ended June 30. 1312. rr3.7T8 At the be
ginning of the year the surplus was
$3)4.73. making a total surplus of Jl,
024.602. After much bantering, pro and con,
the aggregate business on 'Change yes
terday was 206 shares of stock and 111,
000 face alue of bonds.
Traction brought IS 3-Sal23 1-2, but
was offered freely at 123 1-4 after call.
Washington Railway and Electric con
tributed' fle shares to the total, a little
preferred at 91.
Two sales of Gas at S5 5-8, two ten
share lots of American Security and
Trust at $300. and two fixe-share lotsV)f
Washington Loan and Trust at $240 com
pleted the gradually lessening record.
On the call there was a very general
lowering of bid prices throughout the
list, extending to Donas tnai rareiy ng'
ure In the records of the day. For this
reason the bid and asked prices are
worths' of consideration.
Traction 5's. 110 3-4: Columbian 5's,
100 1-S; Railway 4's, S3 3-S to 83 5-8, and
Metropolitan R. R. 5s, 107.
There Is but little chance of capital
lsts becoming interested in a finance
building. The various organizations re
ferred to as Interested In a meeting
place the Stock Exchange, Clearing
House, District Bankers' Association,
and the Washington Chnpter, American
Institute of Banking are not big rent
papers In the aggregate or as separate
Institutions. The Bankers" Association
occupies parlors in the New Wlllard,
paying only for refreshments. The
Washington Chapter meets evenings
once a week In season. The other bodies
meet dally for less than one hour a day
There Is little "prospect" for capital
In the rental possibilities for a building
A floor In the new National Savings
and Trust, on which work will begin
about December 1, would be ample as to
space and probably as to rent.
Hon. R. E. Cabell, Commissioner of
Internal Revenue, and Mr. L. F. Speer,
chief of the Division of Corporation Tax.
Internal Revenue Bureau, have returned
to the city, after an official trip to vari
ous points In the West, where matters
pertaining to the special excise tax on
corporations and other Internal revenue
tax matters were Investigated.
Russian, German ambassadors, expected
result definite policy. Intervention Bal
kans when propitious. French premier
to make Important statement Sunday at
One of the largest foreign houses here
has Just received the following cable: All
markets rallied and closed firm on a
favorable, statement issued, by the prime
minister of Austria." This ought to be
sufficient to cover the general situation
for the present. French rentes which
declined early twenty-Jive centimes from
yesterday's have rallied and closed two
and one-half centimes net advance for
the day at S3 francs and CO centimes.
Utah shows underlying strength. Some
selling orders came In at the opening, but
the stock took them all and now buying
orders are vomlng In from commission
houses Just under present prices.
The Central Leather Co. reports for
the quarter ended September 30 last net
Income of $1,612,973.
Market shows fair support, London
says buy on any further weakness.
Western Maryland for August gross
revenue increase $30,783. Net decrease
Pittsburg Eastern manufacturers have
advanced their prices for steel chains $3
a ton to the basis of $3.40 Pittsburg for
3-S-lnch size chain.
Important New England sources are
recommending the purchase of high class
bonds.' It Is said an investigation shows
fi limited supply of these bonds now.
They have been sold for a long time.
Evidence is found of accumulation all
the time of a very strong character in
Missouri Pacific. The absorption is said
to be for a long pull of many points,
based on the big com and cotton crops
and regeneration of the road.
There is a lot of backing and filling
in -the market. Halsey & Hudnut selling
Generally ends the decline and their
buylngs ends the bulges.
American Can earned for nine months
to September 30, net, about 18 per cent
on preferred as against, 7 per cent a year
Somebody with a line of stocks de
cided to get out and the market 'was
-very thin. All this won't prevent Steel
common from selling over par soon, and
the time, to buy it is when It to very
rVASHUfOTOy STOCK MAKFT.
Slc-Regnlar can 12 o'dodrnoeo:
Wuhiastoo Gu il. triO at US.
Ctfui Tttetkm u, H.08 at 1MK.
CbtanbU BiilTMd ft, $W at 1WK.
MrtroroUtan Ballnad Sa. H.000 at XX. VM at
ior. sues at Kr. turn itw. . ,
Waihliwun Bafiny Electric ta. fl.OK at (3K.
3.0C0 at rot.
Capital Trtrtkm. S at 1SH. at 1SH. X at 123U.
Washington Railway ft KlrcMs pfA. at L-
Wasofautoa Gaa. a at 194. '
ABKitcu Securitr Trait, 19 at SO. W at JS0.
Wuhlnttoo Loan k Tnnt, I at Z4D, I at !.
Column Railftwd a, fl.ro at KB.
Cmpital Traction, fat rOH.
Waahfcifton Ota. 25 at aJS.
Gtonrtown Gaa Sa..................... tMH 107
Waahlsatto Gaa 5.. ......... ....... US IN
railroad bonds. .
Capital Traction. a. M Ul
Anaocatla 4k Potomac Sa 9S ;
Anaraatia 4k Potomac 8a, guaranteed...... l&3i
CUT & Suborban UStt 1B
Columbia U...... , IN .....
Cdmnbla fs. .. VH -
Metropolitan 5 ltt OTH
Waihiniton RaUwar k. Electric. 4a. W4 SI
waahlnzton. Alex. 4b Sit, Vernon Sa.... KV
Potomac Electric coca, ia 1 1
Potomac Electric Light (a. 106H 107!
Cnnarraae rotomac Telfpbon Sa.... KB4 1B
American Tel. 4k TeL ii ,. HO .....
D. C. Paper Slff. Sa 1. MO
Norfolk Waihiniton Steamboat Sa...rUI .:...
Ilisxa Realty it (1ontU.... - X3 104
Bio Bealtr Sa (abort) Kl 103
rcBLio cnurr stocks. v
Capital Traction '. EJ 13
Vaiblnrton Rr. 4k Electric com 9i W
washintton Bailvay Electric pfd.. (1 MS
Waihlsttrm-Virtinla BaOar com..... O .....
Waahiattia-runnia Railwar pfd T5 .....
Norfolk 4k waahinrton Steamboat....... SB V)
W'aaMntton Gaa........ SS St
Georgetown Gaa I'd
Eaatem Uxbt 4k Fad 12!
American TeL 4k Tel U0
TYPE MACHINE STOCKS.
Mercenthaler Llootrpe ............ Mr St
Lanatoo Slonotrpe. -" 4
Greens Cananea. U
NATIONAL BANKINO STOCKS.
Amnion 170 ITS
Capital .- J3 B
Colombia ....................-...... 20 2T0
Commercial ... 505 2U
Diatrict ............... US
Farmers 4k Mechanics. SCO "73
Slctropolltan 9M St
ltirra - S9S
Second - 1J 1
National Bank of vTaihingtsn. 21
TTtCST COM PANT STOCKS.
American Securitr Truat S9H SO
National Sarinea A Trnat. TD "TS
Union Trost V lit
Washington Loan 41 Trait 23 3
Cnit-d 'SUtea Trmt. Ill ISO
SAVINGS BANK STOCKS.
Bank of Commerce Jc Siting! 12ft 17
Eact Waablngton. IS 17
FIBE INSURANCE STOCKS.
Arlington - " 3
Corcoran ............ SD .....
Firnnen'a Ui 22
National Union. - 7H
TITLE INSURANCE STOCKS
Chapin Sacks M0 230
D. C. raprr Stfg. Co. IX - .....
Gharliopbooa, com. CH 3)
GraFhcpb.noe"pfd.. ...................... SS .....
Merchant Tramportition Storage.... 10S 13
Securitr Storage SO IS
Washington Slarket. 774 .....
NEW YORK STOCK MARKET.
OnoUtlona famished br W B. tlibbi at Co..
members of tea New Tot Stock Eschang. Hlbba
Open. nigs. Low. done.
A T. S. P. com. 10B" lCCTa 38H KS
A.. T. & S. F. pfd HE4 102 IOCS KC1
Atlantic Coast Line IXS in UTS 119
Baltimore 4k Ohio euro'... 1DSU 10eS 10S 10.-i
BrocMrn Rapid Traiadt.... 91 90" Wa SO-.
Canadian Tacinc. 33 3f 2EJ 334
Cboaprale 4k Ohio. MT SI MS HS
Chicago Great Weft. cnm.. ISA, 1SS 1SS 18S
Chicago Great West rl... Si j S1, W
C. St. & SU P. com 1CBS 11D 1C9S 1104
Denver & Bio G. pfd 39S S 35
Ene com !N SH S 35
Erie 1 FTd 52i fCS KS 53i
Illinois Central 13 13 13 13
Inter.-SIetro. com 3S 3DH 2? 3K4
Inter.-JIetro. rfd tlS MS W
Kansaa CStr So. com. SS 3S 23V 2?S
Lehigh Valler. KSS LTl 174S I7Ai
LouUtille & Nashrille 13 18 U8S 150
M , SL T. A S S. M. com 1114 142 IIP. HIS
Miswurl Padflc. Ml 4I4 43 43.
N. T. C 41 H. B. 115 US Hit US
N. Y.. O. & W. 36H 3H4 364 3SS
Norfolk A Western IK UP lit 11(4
Northern Pacinc. 134 125S 1314 134
rennsjlTixla 1244 EH4 1244 1214
Beading en. 1T2S 174 E2S 1734
Rock Iland com. K K 31
Rock Island pfd 534 S3S SJ4 534
sl l i s. r. a rfJ x x x x
Southern Pacific ctan 10Si 110 1W4 KBS
Southern Hallmj- com SS 34 3 34
Texas 4k Padflc. 24S 214 MS 24
Third Avenue S3S 0 3B 34
Union Padflc com. 1704 1714 ITW4 EOS
Wabash com. 4S IS 4S 4S
Wabash rfd 13S 13S 13S 13S
Western Slarjland com.... 554 55 554 SHi
Wbconsin Central com 55 55 65 65
Amalgamated Ccvpw. J714 SJ4 74 S4
Am. Agrf. Cnem. com 59 5 5!4 584
Am. Beet Sugar com. Kfli 71 CSS 704
Am. Can com. 44 4414 434 444
Am. Can pfd 13 13 13 13
Am. Car 4k Fdr. com. D4 (1 C04 CI
Am. Cotton Oil com 5 58 574 574
Am. Ice Securities 21S 21 3S" JDS
Am. Smelt A Ret. com 814 85 M4 W
Am. Sugar Ref. com. 13 13 US 134
Am. TeL 4t Tel IBS IBS 13S USi
Anaconda Copper. 434 414 434
Central Leather com. 324 S3 324 32S
Chino Ocpprr.....;..,. US i MS 4S
CoL Fuel A Iron com 40 40 3S 4
Consolidated Gas. N. T.... 144K 115 IMS 111.
Corn rroducta Brf. com... W4 3)4 S 34
Corn Prodorta pfd 874 8714 874 874
DisUlIera' Securities. 34 34 3S 3
General Electric. 182 123 1814, 181).
GoldoeM Consolidated..... r 2S 84 2
Great Northern Ore 47 474 47 474
Int. Harrester com IS 122 KH4 122
Int. Sler. Slar. pfd Xftl W
Int. Paper 16V 164 16V 16
Sliaml Copper- x4 - 28S 3s
National Biscuit com. 133 133 13 133
National Lead com. 65 a 63 85
Nevada Con. Copper. 214 214 214 23
Pacific Mail Steamship.. SS SIS 33S 2SS
ITeased Steel Car com..... il 394 3 3
Peopler'a Gas of Chicago... 1194 13 1194 U9H
Bar Con. Copper. 3 314 20S 21
Republic L & 8. com 32! 334 325. 33
Republic I. 4t 8. pfd M 52 S2 92
Rloss-ShctSeld S. 4 1. com. M 56 J6 K
Tennessee. Copper. 424 43 424 42
TJ. 8. Rubber com 57 67V E7S 57S
U. S. Rubber 1st pfd 109 109 1084 1C84
V. 8. Steel com. 774 77X 774 71
U. B. Steel, pfd. Ul 1144 Ul 1114
Utah Copper. S3S t ESS 634
Va. Car. Chem. com. 49 "49 4S 48
Virginia I.. C O. 65 (3 66 K
Western Union" Tel 804 804 854 814
West. Elee. 4t Mfg. com.... 834 84 Ki 834
Atchison convert, la. 1034 1054 1054 1054
HiO.m. la. 974 J74 974 9T4
E" B. T. convert. 4s 914 91S 91H 1S
C. B. 4fc Q. Joint Is 954 954' 954 T4
Inter. Metro. 44s. SIS US 81S 81S
Pernia. convert. 24s. 1915... 97 97 97 97
Southern Rr. 5s 1084 14 1084 1CS4
Union Padflc convert. 4a.. 1924 103i 1024 1074
U. S. Steel 2d &s 1014 1117 M14 1014
HEW "YORK COTTON.
Furnished by W. B. Hlbba 4b Co, Washington
ton, D. C
Open. High. Low. Close
December................. 10.48 10 87 1047 15.51
Much............ 1070 10.77 Ml 10 61
llaj....... ....... ..-- 10.74 10 81 10.22 I0.U
JulT................... 11 10.87 1C7C 10.79
x CHICAGO GRAIN.
Quotation furnished br W. St. Hlbba 4k Co. mem
bers of the Chicago Board of Trade, Hlbba Building.
WHEAT- , Opts. Hlgtl. Low, Ooac
December..... I2K 934 524 924
Star. ..... . . 974 974 ST 974
Decanbar...u.-. 634 534 634 53
!Mar................... S a i
Decamber ,......... SK 2 22 Si
jtMfMittrsatMM wH& 9fa 394 "
MARKETS IN A WORD
Wall Stref t - operations were Usht
Stocks barelly held their own. Declines
and rains were equally unimportant.
Cotton lost about ten points.
Grains were steady,' without
changes either way.
Honey continues tight.
Inventaaesit Bankers Convention'.
The first convention of the Invest
ment, Bankers Association, which Is to
be held In New York CTlty on or about
November 3, will reveal to the invest
ment world what an important step has
been taken In bringing together the men
and the Interests handling the bulk ot
It might be interesting, although not
Important, to figure how many hun
dreds of millions of dollars are repre
sented In the way of capital commit
ments In the membership ot the organi
zation. Above mere amount stands a
personnel beyond monetary calculation.
The constitution of the association.
Its declaration of principles, and
Its programme of future work
are sufficient to show that the organ!
ration will assume a commanding posi
tion In American finance.
The association was not formed for
the sole purpose of driving the dis
honest promoter out of the market, but
its very purposes are so antagonistic
to the continued existence of this class
ot financial, parasite, that the announce
ment of organization has been of Itself
effective In that direction.
The public Is interested In the Ameri
can Bankers Association, but the con
tact between the public, or at least the
Investment public, and the Investment
Bankers Association will be much closer
and the proceedings of the first con
vention will be read with Interest.
The association certainly has a bright
future, and If It fulfills even a few of
Its announced purposes It will prove at
once a safcSard against foolish and
unwise Investments, and a weapon par
ticularly effective In destroying dls
honesty In the brokerage and bond busi
This organization of which Vice Presi
dent Caldwell, of the Continental-Com
mercial Bank, of Chicago, is president.
has Just ordered 250 copies of J. Sel
win Talt's "The Relation of Banking
Reform to Corporate Fnanclers." Mr.
Talt Is a member of the body.
Beaver Consolidated 41
BoSaln , LJ0
Chambers rrriand 174
Cltr of Cobalt .34
Cobalt Lake .394
Crown Reserves .... ........... 3.40
Great Northern. .. 06
Ketr Lake Jk 40
La Roue 243
SIcKinler Dar Sav LK
Peterson Lake .
Right of War .05
Sliver Leaf CI
NEW YORK PRODUCE.
New York. Oct, 21-MILL FEED-Steadr: trade
Inactive. Swing bran. 22.85: standard middlings.
24J5; We-aern red-doc. 3L85: winter wheat bran. In
lOpound sacka, to arrive. 24.PO; citr bran, tn bulk,
RIE-Pteadr: trad is dulL Western, tn arrlw,
is valued at about 71a72, e. L f.. track and State,
at about 61.
IXnCR .Strong; trade is moderate. Kansas
atraighta. ISSal 60. in sacks: erring patents. 4 90a
5J5. in barrels: new. to arrive. 4 75503; string
efcan. new 4 Seal 75; new soft, straights, to arrive.
4.7515.00. in barrels.
BUCKIMIEAT FLOUR-SIow; the weather
too warm, hence Quotations are chlcfir nominal at
2.00 for TO pounds.
RVK FLOUR Steady; demand la moderate.
Cbaoice brands Quoted at S80al 10 for new.
CORNMEAL-Steadr. but inactive, ovrlrg to
acareitr. Kiln-dned, for export. 4-3); coarse meal.
In bags. IJ&aLX.
HAY Itrceirta. LC73 tons: steady: moderate tori-
nes. Quotations are: For prime timotbr. L15al3;
No 1. LlOal IS; No. 2. LOOal 05; No. 3. FSaSB.
STRAW Receipts. 100 tons. Steady and Quiet.
Long rvo Quoted at 85a90
I'ORK-Sieady; light supply. Moss. 3a3t"0:
BEEF Firm: inquiry ia moderate, racket, 5900a
3 00: familr. 2L50a2250.
LARD Weaker; trade is moderate. Prima Hen-
em. 12.3; retlned Continent. 12.63: South American,
13.3: rcSned Brazilian. In kegs, II 3: beef atearine.
II: lard stesrine. Inactive). New York. 13.
COFFEE The war cf the Balkan kingdom against
Turkey Is a troubling factor, especially in nuroreaa
maileta. It baa unsettled the Havre and Hamburg
enffew markets, with n-suKact declines there. Con-
dttiona in Eurore are reflected In lower Brazilian
markcta. This in turn influences the New York
market. Some of tho leading coffee bears of Havre
and Hambnrg have taken advantage of the situation,
and are endeavoring to depr prices, according to
cables received from Havre thia morning.
In addition to tho bearish trend abroad, recelrta
of coffee at primary poinU are free, and the weather
in Brazil baa nnprorea. ana inere zb not s very gooa
demand for actual coffee.
The daya priors were as ronowa:
.. 14.10 1415
New York. Oct. 22. Closing Quotations of mia
Virginia dfd. Ca-Brovrn Bros 4k Co. ctfs. 594
New York Central 44s. I960 1004
American Smelting 6s, 105
Atchison. Toneka 4k Bants Fe rcnL la. 974
Atch.. Top. 4k Santa 1 ert. 5a. 10B4
Atlantic Coast Line 4s !
Baltimore 4k Ohio gold '4a. 974
Brooklyn Rapid Transit 4a. 914
Central Leather 5s 954
Chicago & Alton 34a. 65
Chicago & Great Western 4a. 78
Chi . MIL 4k SL P. 44a. receipts full paid.... 105i
Erie convertible Is. Series B 774
Erie-rennsilvania Coal ls.... 894
Kansaa (Tltr Southern 5s, 98
Louisville 4k Nashville unified 4a. 974
New York Railwara ad. 5s. 5
Norfolk 4 West. Pocahontas-Coal A Coke 4s.. 904
Northern raonc sa, s. 3D r. hi
Orecon Short Line refunding 4s. 924
Herding general la. 964
Seaboard Air Line adj. 5s. v 734
fcAuthem Bell Tel. 4k Tel. s . 99
bouthcra Ballway Ss 1064
Southern Railway- 4s 784
Southern Railway 4s, 8. Louis Dlr. 874
United SUtea Steei S. P. Sa. 1014
C. S. Steel 8. K. 5s. registered 1034
Vinrlnli-Carolina Chemical 1st 5a. 9T1.
YirginU Slidland genl. 5s, 1014
VirHnla & Southwestern con. Sa. t
Western Maryland 4a 854
Total sales. Sl.702.000.
University jiud uinger aic.
Doors Open at 12 o'clock To-day
' PASSES AWAY
Ku Who Made Rope that. Same
1 " Asiusin of Presiden; Gar
Baltimore, Md.. Oct, 22.-WlllUm H.
Myers, 78 years old, who made the rope
which hanged Qulteau, who shot Gar
field, la dead at his home, 206 Gorsuch
Mr. Myers, a ropemaker br trade, en
joyed the distinction of having manu-
lacturca tne hemp nooses that ended the
career of many notorious criminals. His
handiwork since that time has strangled
notorious murderers of Maryland and
surrounding States. Mr. Myers death
followed an Illness of nine weeks. The
funeral will be held from the home to
morrow afternoon. ,.
Mr. Myers was a native of Baltimore.
and had lived here all his eventful life.
When little more than 11 years old, he
oegan learning his trade as a roDemaker
and finished four years later. While still
a younjr man, he was awarded the con
tract or supplying hangman's ropes in
the State and the District of Columbia.
After the execution ot Gulteau, Mr. Myers
manufactured the noose which ended the
criminal career of Adam Horn In Balti
more half a century ago.
Hemp spun by Mr. Myers decorated
tho necks of the Mollle Mssrulres. who
were hanged at Pottsvllle and Mauch
Chunk, Pa., In 1878. In that ease Mr.
Myers was given orders by the State
authorities of Pennsylvania, to send good
stout ropes, and he made them In record
time, shipping them Immediately to the
scene of the executions.
A peculiar characteristic of the rope
maker was the fact that he would never
consent to attend the hangings at which
lis work figured. He would complete the
noose, which would be ready when It
left his hands to be slipped about the
condemned person's neck, and would
then send It to the Jail, refusing abso
lutely to take It In person. He Is sur
vived by a widow (Mrs. Msry C. Myers),
four sons (Charles, Joseph, John and
Jesse Myers), and one daughter (Mrs.
AGAINST CITY POUND.
Attorpey General altales on Act of
In a decision rendered In a letter to
Secretary of War Stimson and made
public sestcraay, Actarrmy General
WIckersham expresses the opinion that
the District Commissioners have no legal
right to erect a pound and stable on the
reservation at the Intersection of South
Capitol and I Streets Southeast.
Attorney General WIckersham. In dis
cussing several of the points in dlsput
between the lederal and municipal au
thorttles, states In his letter:
"From the Indorsement of the acting
chief of engineers, the question pre
sented to me appears to be whether the
authority relied upon by the Commis
sioners of the District of Columbia. Is
sufficient to authorize them to use rer
ervatlon No. 290 for a pound and stable
"The acts of Congress which have any
bearing upon the subject are as follows
"Act of July. 1D0S, 'Section L The Ju
risdiction and control of the street park
ing in the streets and aenu? of the
District of Columbia Is hereby transfer
red to and ested In the Commissioners
of the District of Columbia.
'Section 2. That the park system of
the District of Columbia la hereby placed
under the exclusive charge and control
of the chief of engineers of the Uplted
states Army, under sucn regulations
may be prepared by the President of the
United States, through the Secretary of
'The said system shall be held to com
"(a) AH public space laid down as res
ervations on the map of 1SH accompany
lng the annual report for 1S34 of the
office in charge of public buildings and
"(b) AH portions of the space In the
streets and aenues of the said District
after the same shall have been set aside
by the Commissioners of the District of
Columbia for park purposes."
"WHITE HOPE" ArtRESTED.
Al Pnlaer Alleiceil to ITave Enticed
Girl to Xevr York.
New York. Oct, 22. Judge Salmon In
the Court of Special Sessions this after
noon Issued a warrant for Al Palzer,
the heavy-weight prize fighter. Palzer,
who Is known as a "white hope," Is at
present training at Woodlawn Inn.
The warrant charges that Palzer lured
sixteen-) ear-old Elizabeth Fritz, of
Kurtzvllle, X. J., to this city, then at
tacked her. The girl told the court thatJ
her health had suaerea to sucn an extent
that she had to go to a hospltaL
. Hot Decision.
Oct, 22. The Supreme
Court of the State of Louisiana to-day
awarded the New Iberia Extract of
Tabasco Pepper Company "5,000 dam
ages and costs of court against Mc
Ilhenny. & Co.. of Averys Island. La.,
for Intimidation of trade. These two
companies are the only two concerns In
the world that make tabasco sauce.
Civil Service Commissioner John Mcll
henny, one of the owners of McIIhenny
& Co , was formerly president and gen
eral manager of the company.
Tell of Vrsacl'a Loss.
Houston, Tex., Oct, 22. Seven si
vlvors of the crew of the steamship Ni
caragua arrived In Sabine, Tex., to-day
with the Information that tho Nicaragua
sank In the Gulf of Mexico October 11
during a storm. The Nicaragua was a
400 ton vessel plying between" Mexico and
Texas ports and was eight days over-due
at Port Arthur, Tex.
NEW Y0EK MONEY.
JCew Tort. Oct. 52. Call meney opened 3 rer not;
high, 5: low, iU? rraewmls. 4: close. Vi. Ralioc
raiJ' ' Ir wnt",. , j. j .... 'ferine with bis physical welfare and re
Time mener market remalna nndiana-d, with bnsl- j eiis " -
ness rerr quiet and rates ateadr. They are fAtaS1
pr cent for sixty day: M for ninety dars. 5Ha5
for four months, Ma for flte months, and SttaS1 for
Commercial paper on the surfare has a somewhat
easier tendency, .owfns to lower ratea prerailinr In
Chicaco. The market locally, howerer. remalna at
5&a6 ir cent for the brat names, and banker do
not look for a lowering of these qnotationa for soma
London discounts, 4S per cent unchanged: Tarls
discount, 34 per cent, unchanged; Berlin discounts,
ttt per cent, unchanged.
For feminine use a dalntr bracelet ha been de
signed to which Is attached a clip to hold a
invites you to the
opening ot nis
to-day.. Spacious building. 7H
Northwest, Grand display of awards.
and exhibit of manufactured products In The Herald's
J25.000 contest. Orchestra, These and other products
will be served:. "Velvet Kind" Ice Cream, Roses from
Gude Bros.: sample After Dinner and Deer Head Ci
gars: W. D. Coffee, made on electric stove furnished
by National Electrical Supply Company; Palmer's and
gPBTLPg. ...... .........
rSKK AVK. OFF. XT. B. TBUSrKlV
ot those detiring: bankinj
service of the very high
that are both sound and
profitable, giving custo
mers the benefit of its
knowledge and experi
ence. Issues Drafts Direct
on the principal cities of
the world; issues univer
sally available Travelers'
Checks and Letters of
t7Btya aad sell Forcfart.
Exchange at enrreat rates.
Capital . , B.0O3.M0
Surplus and nadirided proata orrr COOO.as
'Sometimes Cause '
Have your will PROP
ERLY prepared by this
reliable old company.
We prepare wills FREE
of charge when we are
appointed executor of
trustee under same.
The Washington Loan
and Trust Company.
Cor. 9th and F Sts.
JOHN JOT EDSOT7. Preaklent.
The Safest Investments
An tbom that 6o sot floctnato tertBt Ba
tvrted -racdltloca tf tb maacj or slot
rti. flnt trad of tnut sote- (Ant orV
Sfn), veil arccrrd on real caUte tn Uw Dla
trkt cf CoIrjasbU. conatltcta "sUtdgM 1
fatsacnta. They da Dot depend cpom tba
fifiiDdal reipocsibCltj of lsdiTidaala or -oe-Bcntkna
for their atahtifty. and art txeaas
from taxation aa pcnooal tvoparty. Wa eaa
enJy aoeh InreitsientB ta aatooata from SJa
a-Dvard. fend for booklet, "Oamiiilin Lota
Swartzell. Rheem O
TXT IStla Street NortIanst.
! Tors Stack TlrtaiTsaa,
' "- f f
CUoso Bcara at Trade,
"LOCAt, flKCURITIES boutrht
and sold en same favorable tanas
aa ws offer for tradlna; la New
Tcrk stock aad bonds.
BEGIN HAEVESTEE HEAET5Q.
Start TakliiB Testimony la Xerr
York This Slornlnsr.
New Tork. Oct. r. The taking of testi
mony In the government's suit for disso
lution of the Harvester Trust will begin
in the Federal Building to-morrow.
DV.t a Ta tni aha ndjlat eramlriBi
who will preside at the hearings. The
government will be represented by As
sistant Attorney General Edwin I.
r!ti.vno artA Jnsinh It Darllntf. SDe-
clal agent of the Department of Justice. (
Both have had much experience In the
preparation and prosecution of this kind
of litigation for the government.
The two first witnesses will be William
C. Lane, president of the Standard
Trust Company. S Broad Street, and
John A. Cotton. Jr.. who was one of the
attorneys when the trust was being or
ganized. The Standard Trust Company
was the banking house employed In the
organization of the company.
CONVICTED BY C0URT-MAKTIAL.
Second Meat. SIcGrntH Faces Se
rere "Sentence for Drunkenness.
Second Lieut. James A. McGrath.
Eighth Infantry. U. S. A . has been con
icted by court-martial at Manila. P. I..
on charges of conduct to the prejudice of
good order and military discipline, and
sentenced to be reprimanded.
Mat Gen. Bell, commanding the
Philippine Division. In reviewing the find
ings of tho court, declared mat. tne sen
tence was entirely Inadequate. Lieut. Mc
Grath was convicted of absenting him
self without leave while a patient In the
hospital and of Indulging while absent
tn Intoxlcatinar irauors. mereoy mier-
Gen. Bell declared that as the young
officer had been found guilty of similar
offenses a year ago. for which he was
reprimanded, a reprimand was evidently
not sufficient punishment.
CASTOR I A
Tor Infants and Children,
TIw Kiftf! Yet Haie Always Bo
Expert Electric Vehicle Retailing
Storage Batteries repaired and re
newed. Ignition and Lighting Batter
tea Charged and Built to Order.
SOITHWOiFH REISER CO.
Phone M. 221. Rear 1220 L St. N. W.
W Gin Vote la Tb Heralds JS.on Contest.
Q n all occasions., autolsts feel
I ooks are perfect. "It is clear"
10 ependabie and easy. All confess ita perfect mechanism commands succes tg
19 plendld examples patrons view at lots Coaaeetlcat Avcaa P
I M. T. POLLOCK. 5S5tTi'
WtMft yMi it it yon sm it
We asara TBS Valeaalstaar naat stad
cam at Tatar wank ajaleklrs aeatlr. aa4
wMk ta talalaaBsa assoaat at prarfaalty
aaaT esaeas. , , i
WasbittlM Ait Stiffly Ctv
WhT sfaoaUd Aataaaaaiia) awacra tea.
IH wtth tUm trtaalaa wata tto
aw ffBajaiawvir nat asvav
Tke World's Best FBsr
aHwtiMT1re mer Ca.
208 SouTxtaji BtMSTM
WAS H I N TO N . D.C
FllUac Flaab 2J-34 raorucatk
tsaat X. W.
Wa Gin Totes te The Herald's 1
I Atitomobllesi amd Metoreycl'
Oca ford Koadsur. two and four
Cfedinae Track, atoda erunder.
CadlHar, & paaaenter. atnda qpndae.
Btearn'a Biff Tract, with top, toUd tires.
lMlin Motorrrele Van. Ull model. Baa
Joit been orerhaoled aad fnamrlcd; sjood
neadisf Standard Motorrrele: atnajla
Ollsder; 1911 model; chain dnra aad maa
Armae SIotnrrTrle: T h. n.: twta batt.
New xra uotctrrne. wita s
, aids caas-
Thor atesJe cylinder;
tat bean anamelad
1 aaa nernaniea. t . .
Better come axd mm na, wa lam aaost
acrthloc at ny old vhem,
; MUNGER SPECIALTY CO.
14th and W Sts. N. W.
rhoae X. 10B1.
J. I MDXGER SOXS.
W. Cite Totes la Tb llerald'a S3.00S ContaaC,
Equipment Co. 1
(Formerly the Auto Exchange jj
and Supply) a
5 Bear to announce that on or about a
8 October Z0 they will move to it
it their new quarters JJ
1 1317 New York Ave.
Wa Git Totea la Tb Herald s JO on Cootast.
Bring Your Tires Here
AU Kinds of Vulcanlxlnx ana
3019 M Street N.W.
We Git Totes In The Herald a S3.cn Coeteat,
GEO. W. BEALL
1115 J5L.P.W. M.78I5
We Git Votes la Tia HenWs S9.n Ctaetrat.
Goaranteed asaUait detects tor
StOO miles. Absolntely band
anadr. rail aad these.
We Git Votes la The HeraM's S3.0n OoeteaL
Will Buy a Regular 549.08 $
REINDEER BICYCLE !
, With Coaster Brake.
This Week Only.
E. P. HAZLETCN
429-31 10th St. R. W.
We Git Votes Is The Berald'a E3.CW Contaat.
P. M. CORR.
agent for Flaadera aad Yale Mator
eyelew aad Corra Special Bicycle.
Motorcycle Oreraaallaar and Belt Re
aalrlag. Aeeessorlea aad Saadrtea.
Bicycle nesalrlas. Braatasr, aad Over
ianllag. Saanlleai aad ArceauMrtea.
Ia) th St. M. W fhmwrn Mala Mata.
WARREN MOTOR SALES GO.
g Has Removed to
1 1610 14th Street N. W. 1
Phone Xorth 3907.
"BUY A WARREN AND
BE A WINNER"
We ajlre Herald (SSHM
ONE WEEK ONLY
Introductory Offer Only
Seat Coverings. Storm Aprons. Dust
Covers, Side Curtains. Send Postal
national Aito Tei Conpaiy,
405-7 13H St. It. W. M. 6212
3pp. District Bldg.
it Git Votes In Th Berald'a SS.BH ttotaat-
AITOMOBILES FOR HUE
Five and seven passenger carl.
BROWNBLAIR GARAGE .
1319 L St M.W.
Phone N. 1470.
,W Git Vote la Tb BeraWa $3.i Contaat.'
confidence In the OidsmoblH ?
speed and ssfety is the chief Ida A
Baaaaaw v- Taaaaa
aJrfaB, a. vJifr l
.' ?, - i
5 e?w &