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THE WASHINGTON HERALD. WEDNESDAY; .NOVEMBER 20. 1912.
ww.?-3rs(qpsjt- njjy' '-araygt ana-r
MARKETS-FINANCE-COMMERCE
Local Financial Matters
By I. A. l-LKMIXG.
From the start to the close ot the
stock market there was neither life nor
activity. It as one of the dull days
with the losses more numerous than the
sains, but -without material change in
the leaders.
The losses for the day mere distrib
uted between Industrials and rails and
there were few Important price chances
In either other than In American To
bacco, which stood out In front of the
list with a 2 7-8 net advance. In a mar
ket where the price changes were gen
erally on the fractional order.
The opening was dull with banks dis
criminating against industrials. The
Balkan situation caused a less hopeful
tenor, which changed to a more en'
couraglng condition when the report of
an armistice was made public
Here and there throughout the market
readjustment must go on. Weak spots
exert an Influence on the standards.
Stocks without support must be liqui
dated to care for stocks that have. This
process of readjustment will keep on
until the Balkan and tariff probabilities
cease to be influential factors of an after
math character.
Certain Industrials Mere reported as
liquidated by "request." Looking through
the day's recessions, would suggest Re
public Steelj and Iron, Central Leather,
Great Northern Ore. Distillers and Air
Brake as likely to have figured In this
matter
Roger W. Babson. the New England
statistician, says in his latest analysis:
"A general reduction In the tariff would
hurt several of our well-known corpora
tions. Morcovqr they have reached the
conclusion that there Is only one boIu
empty dinner palls, ic. Therefore, In
stead of using further money, time and
energy endeavoring to fight legislatures
and laws, they have concluded to use
this money and energy in making an
optimistic press In booming their stocks
and selling them out. This they are
now doing "
This mornine William B Hlbbs will be
operated on for appendicitis. Mr. Hlbbs
has spent the creator part of the last
two weeks endeavorlnc to assuage pain
from the trouble Yesterday, being In
cood rjhvslcal condition, he determined to
Insure the future b taklnr a needed rejt
and eliminating the cause of the trouble
His host of friends wish hirq the best
results and sneedv return to the actlvi
ties of the street.
More than half of the banks of the
ccuntrv do a commercial business. The
feeurltv more freauentlv than otherwise,
1.- the nromlssorv note of the borrower,
unsecured
The man seekine a mortgage loan usu
alv warts about CO per cent of the value
of the property and willingly offers as
securltv the entire nropertj, which is
accented after a week or ten davs de
oted to investigation ot title, valuation.
A.c Moreover, charges are made for
lawjers' investigations, for the papers,
&c . which the borrower nays. When
uavment is due. foreicosure follows de
fault. On the other hand the business man
wtli cred t ma so to his bank, make his
aoollcation for accommodation, furnish
a nlain statement for the ourpose of ob
taining credit, and if of good reputation
the mone is forthcoming in short order
without extra costs, and without delav.
This is the difference between the col
lateral and the commercial loan Both
have their field The former makes few
losses The latter makes some losses,
but they are but a small percentage of
the grand total-of earl loans
The profit on loans is about one-half
of 1 per cent according to such an
em nent authoritv as David Forgan. of
t hlcago Most of the loans on which
losses are sustained, on the same au
thority are due Jo incorrect statements
iiucr innocenuj or wicKeaiy znaae uy
the borrower
Any broker can tell a good statement
from a bad one, but the rub comes in
the truth of the showing
"In manv cases In bankruptcy, state
ments submitted for the t-ecuring of
crtdlt arc shown to be wrong, so far
wrong that they must have been made
for the express purpose of deceiving
bankers. This does not prove
that statements are untrue as a, general
proposition. So long1 as a business Is
prosperous, there Is little need for
statement, especially- for Incorrect state
ments.
"Between moral cowardice and self
deception, the banker Is Induced to make
loans that he would not have sanctioned
baa be known the facts.
"In order to protect the depositor, the
examiner inspects the bank, reports to
the Comptroller, or to the State, and the
examination is at the expense of the
tank.
"Why should not the expert account
ant examine the assets of a seeker of
credit In order that he may protect the
banker from false statements and at the
expense of the applicant for credit."
Mr. Forgan's ideas are good, and, if
adopted, woulj further hedge about tho
banking business safeguards that would
check loss. .
The Washington Stock Exchange will
elect officers to-morrow at high noon.
The present officers are: Benl. Wood
ruff, president: C. J. Bell, vice president:
Allen, E. Walker, secretary: J. M. Green,
treasurer.
The governors are W. A. Mearns, G.
ir. Weber. C. P. Williams. O. H. P.
Johnson, W. J. Flather, and Daniel Fra-Eer.
Of the Governors. W. A. Mearns and
W. Weber retire bv expiration of
terms or office. The other governors will
remain in office
It is llkelv that the entire ticket will
be re-elected including the retiring goy
ernors.
There Is no opposition to the re-election
of President Woodruff, and so far as
known no other candidates have been
mentioned for other offices.
With the announcement that legal
measures are about to be taken acalnst
the Washington Utilities Company, that
tno commissioners have under considera
tion, papers in a suit. It would seem to
be about time the Washington Utilities
Company broke silence and officially an
nounced to Washington Just what Its
plans and purposes are
According to the best possible informa
tion there Is no Idea of taking over and
putting out of business any of the util
ities of Washington Whatever stocks
tf other corporations now- repose in the
treasure of the Washington Utilities
Company were acquired in the open
market or by private barter and ex
change. The statement has been made scores of
times that no merger was contemplated
with any local corporation.
It is time enough to meet action when
action reaches the courts
Officials of the corporation have as
serted openly time and again that no
merger of any utility company with
the Washington Utilities was considered
On Thursday evening A. B Claxtdn,
of the Washington Loan and Trust Com
pany, will lecture before the Washing
ton Chapter, American Institute of Bank
ing on Loans ana liiscounts
It is the big end of the banking busi
ness, next to deposits. The proflt of an
institution is made on loans and dls
counts, and Mr. Claxton Is familiar with
the subject
Charles H Doing has been elected
president of the chapter-
Next week John Moody, on "Stocks
and Bonds " ' This is about the only
subject Mr Moody could be expected to
talk on He has devoted his life
WALL STREET GOSSIP'
.Regular semi-annual dividend of 3 1-2
per cent on Atlantic Coast Line.
The selling is mostly professional, but
there is nothing behind the market.
Bullish reports are beginning to circu-"
late on the equipment stocks. Including
Car and Foundry and Locomotive, be
cause of the belief that they would bene
fit from tariff revision and on account of
the Increasing orders for cars, which
ordering Is keeping the companies very
busy. .
Rumors are again revived that the di
rectors of the Anglo-American Oil Com
pany will meet within a week or ten
days to take action in regard to Increas
ing the capitalization from 1.000.009- to
5,000,000 pounds.
Stop orders caused all the weakness
In Cotton Oil. Weak speculative hold
ers have let go. W. C Langley sold
5,000 Amalgamated Copper: Dannenberg.
1.000; Sternbach sold St Paul, some small
scattered liquidation coming in.
Chicago. A Terra Haute dispatch says
the American Car and Foundry plant
there was destroyed by fire with a loss
of over $100,000.
Sub-Treasury gained 8.533,000 from
banks esterday, and since Friday gain
ed 1690,000.
Cedros Ranch, embracing 2,000,000 acres
owned by Intercontinental Rubber Com
pany, was taken possession of by Mex
ican rebels, according to dispatches from
Monterey.
New Jersey's highest court decides
that American Can Company must pay
to Vulcan Detinnlng Company approxi
mately ;soo.ooo.
Washington dispatch says divergent
views of members of House on banking
and currency committee may hamper
work of Money Trust Investigators.
Heavy demand for copper from Eu
rope continues, considerable business be
ing booked at 17 3-4 cents for electrolytic
delivered 30 days.
TUESDAY'S DECLINES
Great W. Ore..
Smelter . it
Cotton Oil .... H
Atchison ...... ii
Atlantic Coast .V-
Can. Pacific
Illinois Cen.
no. Far. ...... y.
People's Gas... at
Hep. Steel ....
Southern Ity..? 4
Wabash ...... 2
Deet Sosr.....J4
Gncxenbelmer .
Western Md.. V
Southern Ity... 5i
Rep. Steel pfd..
San Franelaeo..2
Soo Line ......
Loose-WIIea ..
Distillers' pfd..
Northwestern ..1
C Leather pfd- K
Wool pfd
Air Brake Hi
Great Northern
TUESDAY'S GAINS.
Copper i
Broolkrn It. T. i
D. Jk H
Great northern
Gen. Electric.. 1
laterboro pfd..
Lehigh. Valley .
Bobber 1T4
Car F'ndtjr pfd. V,
Wabash pfd....
Third Ave. , ... V,
Can pfd. , V4
Am. Tobacco... 35.
NEW Y0HK STOCK MARKET.
Near Tnrit V is
BtitM- ' Will- Low. dose.
p Anal. Copper S3 BS, 85
1,-M American Beet Safer. ... SH M 54
SM Aoer Bnu 8. & V pfd.. 145 137 137
.! American Cin 41S H4
MOO American Can ati...v Kz4 12 12"4
XO Amer. Car i. rndrr...... (W. Wi SM.
100 Amer Car I-ndry pfd lltH IB", We
W American Cities. .... 47 M 47
1.00O Amnion Cities rd. Si's S. II",
100 American Coal Pr. pfd .. 113 113 113
4.400 American Cotton Oil W in, a
300 Amer. Hide A Leather.... SS S", 5.
100 Amer Hide Lea'r pfr.. ITS SVs ZFi
WO American Unacrd JIS 1. KS
TOO American Luured vti 3U4 SSS 31
3.600 Americas Locctnotire...... 47H 46S 4714
300 American Malt pfd CI. Oi Gli
2.900 American Smelting 7V4 75 7'
300 American Smettin pfd... 10KU low 10W
WO American Sofar 13)14 120V. 130V
300 American Tel. & TrL... 11M, It's ll?a
10 American W. tV pfd ... 97". 7i ST".
333 American Woolen IJ 1$ Is
300 Amtrlcan Woolen pfd .... 79 7"a 79S
wu Anaconda 434
DOWN THE AIXEYS.
INOnAM BOWLING LEAGDE.
Boottera:
, it. M.ai
Btralton II r S
....,... K! 107 11
Mrrja BS 1M m
BltUBirr..... St 107 US
Totala 4M 7 35J
nnll liM.
Ut. S4VM.
W. Dillon.. , 17 0 M
kibser,. lit U &
Krerti.... W 112 97
H Dillon..... S3 M 71
Clark. 81 113 30
Totala. ... CZ is Iti
KOB.THEASTEB.M DGCEFIN IXAOUK.
Preoder.
Kure
Adam....,.,
.Nailer... ....
Itoberu......
Totala... .
100 S3 a
S7-104 te
09 10: 103
Qnlrtorf...... V
Hardisc .
llosan.. ..
Totala,....
U tl II
437 433
M-ALDIXO COD.NCIL (K. OF CI LBAQOE.
jonnaon..
Keller IJ K
McCarthy.... K lot
Totala .. 404 430 433
BlSCI..
Totala
AP.CADE DCCKPIX LEAGUE.
Arcade Market
enxt.... 90 93 104
ltbnnd.. ST. as 113
Tutor.-.. ,.. S ti
One HE S3 103
Taaaa 91 101 103
Totala (61 (39 SIS
l.tcM.r
lllcbardvin... 1U 93 194
llarkwird... ten
iAtrn II ! 97
hciilndler .. 93 95
Totala. . ( II is
NATIONAL CAPITAL DCCKriV LEAGUE,
. A. C, M T I CaiiaW
rartta . S3 lU III 7! rook. . ... ic tl
m.. .. 12 90 x llonta. . . s
nreU... . 103 103 MiJ (iteen .. si KS
bam... 94 Inl M ( Umm aj ai
Jollile ... lis 119 139 " .-
. , I Totala . 311 3M 3b6
Aua gj dJZ &l
JtT SFEEL HEUHH6
Objections -Made to Testimony of
Frances Walker of Bureau
of Corporations.
MATTEE TO BE REP0ETED
TO THE COURT TO-DAY
Ruling of Court May Be Ear-reach'
mg, as It May Stifle Making
Comments on Statistics.
FINANCIAL.-
Jlrcai
VVockerlr
Stanford .
(foodman
Itodrlck
DISTRICT DL'Chi'IN LEAGDB.
ItoyalJ I Tbledoa
a M 110 1 Ramm 1C1
S3 59 110 Wcrnu.
107 IK 1M I Hurler
94
S 95 100
IDS 101 K3
Frisco reports a deficit of 2.3(3 for
fiscal J car of 1912. before deducting first
preferred dividend road showed a sur
plus of J177.3S9. a decrease of il.3oS.C03
Severe winter and floods caused poor
showing.
The Qulncy Mining Company declared
a dividend for the quarter of Jl 50
share This is an Increase of S cents
a share over the previous payment.
Locomotive is up on general buying by
commission houses It is said they are
earning big money. Some say 14 per
cent on the common stock.
Union Pacific and United States Steel
Is wanted in the loan crowd No ur
gent demand but one could loan fair
amounts of each.
Seventeen and seven-tenths shares of
stock covered the total transactions In
the stock line on the local market. A
J1.000 bond of the Capital Traction Com
pany at 110 1-4 completed another day's
innnitesmal record
If this record is deserving of additional
comment, it Is but to express the hope
I that to-day's may be something of im
portance
Local operators with Wall Street in
clinations are talking St. Paul as one
of the best on the list, on earnings and
prospects
MISCELLANEOUS BONDS.
. ... wj
961.
1004
104
IB1!
ras
77
New TorL otM9-A diTerufied rojame of busi
ncss waa transacted with Third Avenue adjustment
5s tn some demand. Clocinz quotations
New York Central C.' 19b0 .. IOC
Vw Wk Initial K 1938 S7.
New orl Central 4s. 1959 ST1.
Adam. Impress 4?
American Cottcd Oil 4-5
American Hide & Leather 6s . ...T.
Amenran hmeltirs 6s .
Amerkin Tobacco 6a
American v all 1'airr Sa
Ann 4.rbor 4s
Atdiison Toix-ka JL Santa F ad 4s. S7.
Aichison To-ka A. Santa Fe rrt. 5s KTS
Atchivm Topcka & hanta Ke sen. 4s. 91-
AtcUiioo Topcka 4. CanU Ke crt. 4a, I960 106H
1'alUmore & Okin E0I1I 4s STS
Ualtimoie a boutbvestern SHs &
lletlilrhrm btel 2a 96
llrooklni Uapid Transit 'J a
Bush Terminal 5a 97.
Cmtral of Occrcia con 6k 108
Central Leather 5. 93
Chesapeake A. Ohio sen. 4S 99H
tTiesapeake &. Ohio crt 4'.s sr'fc
(liicnso, Rurlinctm & Qmncr sen. 4s. 91
Chicago, lturlinston & Quinnr Illinois 4s 96U
CTnciso Burlington & Quincr joint 4a. . X'4
fil-aso 4: East Illinois 5a 107
nereland i Erie 1st 5s. ..1 U0"4
Clilcago Great Western 4s. 78
Cnicago. Ainwaulee JL Pucrt Sound 4s 93S
Chicago. Milwaukee & M, Paul 4Hs 106S
Chjcago. Pock Island & Plane deb. 5s. SIS
Chicago, ItDck Island i. 1'icjflc col. 4a 674
Chicago St Paul. Milwaukee & Omaha, Sa... ttcVi
Colorado A. Southern 1st 4a 33
Colorado A. Southern 4Ha. ?... 94H
Pelaware Jk Hudson refnndlng 4a 97H
Denrer &. Kio Grande refunding Ss S3H
Ietroit CItr Gas 5s M0
Detroit United Itlilwaj. 44s 74H
ne general lien 4s. 761
Erie convertible 4s. Series A 81H
General Electric debenture 5s. 31 said 103
General Electric debenture 5s, full paid...... 104
General Motor a. f 6s...
Georgia A. Alabama fia.
fireat Northern 4V.S
Illinois Centra refunding 4s..
Illinois Steel 4Hs .
Indiana Steel 5s
Insp. ConsoUdateed Copper 6a.
Interboro-Metiupolitan 4Hs
Interboro Rapid Transit gold 6a..........
IntenSUional Taper conTertibla fia.
Inematlocal Steam Pump U
Iowa Central 1st 5s.
Kansas Cltr. Fort Scott i Memphis 4a.
Kansaa Cltr Southern 3a
Lackawanna Steel 5a, 19j0
Lake Shore 4a. 113
Liggett & Mjers 7s.
Liggett & Mjen 6a -. ..
Loulstina A. NaahnTlo unifled 4a.
Louiirille & KaahTille-At., Knox. Cuv. 4s. )lVi
AltnniTTin itauwa? as... ..........n........... 94
Missouri, Kansas A Texas 1st ts .... 93S
ALiasouxl. Kansaa ic Texas or Texaa ta,
Mlasomi Pacific consolidated 6s ....
Mbbfla A Ohio new 6s
National Tube Ss. . . . S9Vi
New Orleans. Mobile A Cincinnati 6s...... S7M
hear York Air Brake conterUble 6s lotU
2ew son centni aeDentnre s 92
New York Central-Lake Snore 34s........ 7SH
New Tone. Lckawirmi 4 Western 4s........... 964
I7emr Tork. Xew Haren Jk Hartford cost. (a.... I36H
Kew Tork BaHwaja refunchBg 4s....r....... 77H
Now Tork Bailwara adjustlbla 5s................. SIS
lYear Tot Telegnph 4Hs ..... ...... K
99-i
. 10f
. lOOVi
. 93
. 90
. 100T,
.109a
. SI
.103
... 99H
... 774
... 97V
... 83H
... 9s
... 33H4
... 96H
7!4
"it. Louis Southwestern con. ts fO a
eaboard Air lane adj. 5s. 75"s
eabcrd Air Line 4s .
Southern Padfio col. 4s.
bouthem Pacific crt. 4s
outhern Taciflc rfg 4s
(iouthern Bell Ttltphooe & Tdegrarh 5s .. .
Southern Railway Ss -
bouthern Railway 4j
standard Gas 5s.
Teias OocnpRns' crt 6s.
Third Arenoe rfg 4s.
Third Arcnne adi. Sa
Union Pacific 1st 4s
Union Pacific crt. 4s
United Kailwara of San Francisco 4a.....
Unitedtatea Leather Cs KC.
United States Bealty & Impmranent Ss 09
United States Rubber 6s. VD
United Stales Steel sinking fund Ss 10Z
Union Hectrio rfg Ss. 95
Virginia Ac Southwestern con. Ss. 351
Wabash 1st Ss . -v 106
V abash M 5s - 90
Wabash rfg. ts H'i
Western Union 4Hs. 90
Westlnghouse Manufacturing 6a S31
V est Shore 4s. Wt
Wheehng A Lake Erie 4s. KT,
Wisconsin Central 4s . 92
Total sales, Jl.fC.000 against Jl.CO.TOO jesterdar,
$1,737,000 a week ago, and S4.22) 000 a rear ago.
WASHINGTON STOCK MABKET.
9SS
.. S7U
68H
.... 9154
K T. W. A Boston 4Ka..
Norfolk Jc Western consolidated Is.........
Northern Pacific 4s. H..H.
Kcrtbem Pacific 3s
Or. W. E. R. & N U....
rsxtfic TeL & TeL Ss...
PesaultaaU SVis. U13................... j S6V
rub. B. of Tatar Jerscj Ss...............l J3i
IteadiBS general 4s ..........H... 961k
Ttemblis Iroh & Steel Sa, D.................. sm
bt. Louis & San Frtoctjco gn. Ss....,........ cs
6t LoOs Booiinroura 1st ..........,.:..... 90
BALTIMORE PB0DUCE MABKET.
Balumore. Nor. 19. BCTTEIV-Creinierj, finer.
per lb.. 354, da, choice, 34a35; do., good, 30a33, oA.
prints. 3ts36, da, blocks. 33a33; ladle, Sa3t; Mary
land and Peimsylranla. rolls, ZtO; Ohio roils, Sa3;
West Virginia rolls, Za2; atcn packed. SaaH;
Marsiand. Virginia, and PensaTtrasim dairy xrinta.
iaa'st process maer. nauz.
EGGS Marrland. PennsxiTanla and ueajbr firsts.
ices on:. 31: west Virginia. 33a3l: Western firsts.
loss on, 31, bonlnern fists, loss OCT, 3133; r
crated and candled eggs. H to 1 higher.
DRESSED POUTRLT-Choice turken. ner lb.. SO
da, fair to good, l!al9, chickens, young, per lb., lis
u. ool. 01a ana uuxea. I3alt. seese. uala.
GAME-Partndges. choice, ner dog.. SlOCsASD: efi
duos. LOMLiQ, pheasants, .No. 1 each. 75aLO); da,
eft birds, 90, rabbits, choice, near hr aad Western,
per doz.. ZS0a3.00: do., fair to good. LSOalOOL
LIVE POULTET Chickens, old hens, hea.1T. per
id, u. oo. smau to rneninm. per lb, 1. do, roosters,
per lb, 9, do, young, large, per lb, 11; do, "r..ll,
per lb, 14, ducks, white Pckins. per lb. 14: da
muscoTT. 13: do., puddle. 13: seeae. near br. twt lb..
13; da. Western and Southern, 12; turkeys, young, per
lb., 19. da. old. 17; pigeons, joang. per pair. 3; dA,
old, 20; guinea fowl, c4d. each, 2; da, young, 1H
lbs. and orer, each, 45; do., joung, smaller, each. 2a
33.
CO UN-Stock' in delators, 12,442 bushels; ahipments
from elentors. 4457 bushels. Contract today at tha
openlnc was firm with spot mixed com SIVa bid and
January fills but. TOe market ax tns CiS can was
firm, with spot mixed com 61. Tear com ana SZVt
and January SIX. Setthnf pries ofSctally posted:
Contract. L
0AT8-8tock in elentors. XS43.977 bushels; ship
menbr from eteratora, I1J598 bnshesa. No. 1 srhlta.
SSaSVi: atasdard white, 3R4aJ7; Uo. 3 whits. 94VU
aw na t wute, sA3i.
R IE Stock In delators, 102,933 bushels; shipments
from eterators. 940 bushels. Bag lota, near br. as to
quality. CSaTS; Np. 1 Western, domestic 79a8; No. 3
Western domestic. 7iiTS; No. i Western, mtf'.
72a73: ha 2 near bri-ear lots, TlaTS,
umi-51 1 ttmothj, auoszi: standard timothy.
nSOaaktO; Na 2. ILSOaDOO: Na 3. I5aI7X0: llaht
dorer, mixed. 1700al7J0; Na I mired. 16.O0BU&3):
hearr dorsr mixed. 11.0U15.00; Ka 2 Tntr. xtXO
saw; Aa s aorer, n.a'm.w; ao, lio. :; bxojs
COO; no established grade bar. tXKUKOi ssunnla
grade hay, aj to kind, quality and ctmditlcnj 8.00
alLOJ.
11 w.
110
M4
1CW.
100S
1034.
51'.
COTTON MABKET.
nmusbed by W. B. mbbs & Co.
Ooes, Hirt. Low. doss.
December................. 1LS5 12.11 1U5 IZlt
March. 12J2B 12.30 12.M I2S
Mar .............. .1 US H39 I2.lt 12.27
July. , u m a u.
Sales Regular call 12 o'clock noon.
Capital Traction 6s, S1.0OO at 119t
Washington Itiilw.y and Electric pfl, 2 at S3".
5 at tShi
District National Bank. 10 at las.
Granhophone com., 7 M at S2
GOVERNMENT BONDS.
Bid. Asked.
r s mi ;. 100-. 101s
U S. Coupon KBV, IMS
U 8 reg. 3s 13 103".
V. S coupon 3a 1(CS 1931
U. 8. reg. 4s 113S 114-.
U. 8 Coupon U 113. 114S
GAS BONDS.
Georgetown Gas Ss. lMVs
Washingtoa Gas It . - 110
RAILROAD BONDS.
Capital Traction Ss l'OS
City A Suburban 5a 10314
Columbia 5a ... 103
Columbia 6s 101
3!rtropolitan 5s. H 10a
Wsshingtou Railway A Electrio 4a C
Washington. Alex. sit. Vernon 5s. .. 924
MISCELLANEOUS BONDS.
Potomac Electric cons 5s 1Q0S
Potomac Electric Light Ss 106H
Chesaitake A Potomac Td. 5s 103s
American TeL A. TeL 4s 110
D C Paper Mfg Co Ss
Wsshlngtcn Market Ss. 1937 99
Washington Market 5s. 1947 99
Washington Market Cold Storars 5s . .. 99
Norfolk A Washington Steamboat Ss. .. . .
Riggs Realty 5a (long) 103
Biggs EealtV 5a (short) 101
PDBLio umrrr stocks.
Capital Traction .... 123
Washington Railway A: Electrio com 96
Washington Railway A Electric pfd . . 59
Washington Virginia Railway Co .. .. 4S
Norfolk A; Washington Steamboat.. .. 200
Washington Gas. . .. 86V. 87
Eastern Light & Fuel 121
American Tei 4 Tel 141
TtPE MACHJNB STOCKS.
Mergenthaler Linotype. 234 226
Lanston Monotype 91H 93
MIN1NO STOCKS.
Greea-e-Cananea 9
NATIONAL BANKINO STOCKS.
American 177 1B0
Capital 3 235
Columbia 2S0 3A
Commercial .... 305 215
District 140 150
Farmers & Mechania ......... 850 . ...
Metropolitan .. 209 215
Riggs 580 605
Second 160 167H
National Bank ot Washington. , 31 260
TRUST COMPANT STOCKS.
American Security A Trust...... 305
National Saticgs & Trust. 200 2G8
Union Trust 133 143
Wsshicgton Loan a; Trust. ... 233 233
United States Trust. 110 IS
SAVINGS BANE STOCKS.
Cltlsesi 20 .....
Home 323 .....
Union 243
Bank ot Commerce & Bartaxs............ 13V.
East Waahlsxtnn SartoxJ.-... 15
FIRE INSURANCE 8TOCK3.
Arlington 11
Corcoran H....M 80
Firexutn's ..h.....-...........m..m IVA
German-American M 260
National Union . TVs
Potomao ............................... ,. 20
TITLE INSURANCE STOCKS.
Real Estate.......... 99
MISCELLANEOUS STOCKS.
Chapln-Sacks 160
D. a Paper Mfg. Co.... . 135
Graphophons coa. ... 52
Grapbophone pfd...H.....M........... 75
Merchants Trans. k Storage 106
Security Storage SO
Washington Market. .,....... n
1.100 Atchison
100 Atchison pfd
200 Atlantic Coast Lino .
500 Baltimore A ObJo . .. .
M.S00 Bethlehem Steel
H Bethlehem Steel pfd .. .
iu 11 r Goodrich
2 B P Goodrich pfd
500 Brooklyn Rapid Transit
100 Rutterick Co
2.400 California Petrol
100 California Petrol id
5 000 CanadUn I'aafic
100 Central of New Jersey
1.700 Central Leather .
mo Central Leather pfd
UVsapeske A Ohio
1 300 Chicago Great Welem . .
400 Chicago Great Western pfd.
I07S 1071. 107S
. 101H 1011. lOIK
. 1374 1374 137V.
. . 6SS 68'.
.. 71H 71's
. . I07V. 107V. 107U
30"i 30s SO"!
61S W 61
2. at1. 'Xl's
99. XH W.
Buxhsum
llmoke
Blind
Totals
Allen. . .
W illiams
Miller
113
40 182 560 I Totala.
90 M 104 rtarrick
70 9 n Itell
433 431 ToUla.
M O A LE.VHCE
. ... r, S,,0f-
lsH W,
IS".
SS 3J1. 35".
TT'i
OV,
.. 814
1S3S
. 204
. 5v.
6c;
81 S3".
Ex dlridesd.
NEW YOBK MONEY.
New Tork. Nor. 14 Call moner ooened at BK n
cent; ronewals. 5S per cent; does, t per cent; ruling
at 5V per cent.
Time money was rnirtiangtd. with bosineas quiet
uw rem uu. auctw a m aaiau muuirr ror tbit hm
maturities. Rates are 8 per cent for sixty days, SU
per cent for ninety dais, (4x5 per cent for four
months, and Pi per cent for firs and six months.
uomueiuai paper xs uncnangea at Wat per cent,
London dlanrrmts, 1 1116 ner cent. ntUn, t.
Paris disccunts, JVi, tmchxsged; Berlio iriw.tTL 54
percent, up L
FOft OLD AND YOUNG
Ttttt's UverPOs actas khuHyontne chSd.
the deBcate temale or IsSrm old art, as npea
Ms nils
5 93 C. M A St
1,500 Odfj-o A V W 13S 1374 133
MC.C.C i8t. U .53 53 53
3 COO Chino Con. Copper tV, 4" 484
10 Colorado F A I 3S, a; 364
100 Colorado A Southern 33 M 3S
100 (xmsotidated Gas 1(2 lr 143
1.3W Cora Products 13. ls 1M,
100 Delaware A Hudon 1634 16S4 16&4
10 Denrer A Rio Grande . 34 H4 214
1(0 Denrer A Rio Grande pfd 40 40 SO
233 D . S., S A A pfd ... IPs 16 K.
100 Erie . 344 344 344
100 Kne !t vfd .. 51. 51. 51.
ICO Federal 31 A B fd 42". 42V. 4.-V4
400 General Electrio Co 12 1S2 1(2
B0 fJeneral Motor pfd 75 78 78
100 Collar!,! Consolidated 24 2S
1 loo Great Northern il I3s4 1M I3s4
601 Great Nortiwra Ore enbs 464 4. 45V
300 Guggenheim Kxplorstlon 534 5, So".
613 minols Cntral
S Insp. Copper
XOOO Interboro-Met r .
2.9T0 lnterboro-3Iet rfd
-800 International Harrester
203 Internationa Paper .
600 International Pump
MO International Pump pfd . 79. 79. 75.
100 K C Ft, a A M rfd . 714 714 744
3TD Lackswanna Steel . 494 4) 494
100 Laclede Gas ... . 1054 10i4 1054
L6JM Lehigh alley 175 fTI PIV.
100 Itose-Wiles . . 414 414 414
154 Loose-Wiles 1st pfd 1014 1044 1014
201 Lauisrllle A Nsshrille . 1434 115. 115'.
200 M.j Dept Starr
LQOO Mexican Petroleum ..
4 600 Miami Copper .
400 M. S P A S S M..
2.903 Missouri Pacific
100 Nuional Biscuit . ..
200 Nat En. ic. Stpd
300 National Lead
400 Verada ConsoL Copiwr
425 N. T ir Brake
fA) New Tork Centra!
300 V T II A n 1314 131
110 V T Ont AW.. SS a
803 Norfolk A Western ... H1 1154
100 Norfolk A Western pfd 1 91
100 North America .83 83
1.3TO Northern Pacific . .. 1214 124 1244
to rjnl silr
700 Pacifis Msil
2.600 Pcnnsjlrsms R R
200 reople's Gas A Coal
3W Pressed Steel Car
200 Pullman Palace Car ..
100 Quicksltrer pfd
n Kallwar Steel Srrinas
3,400 Ray ConKlidated Copper . 274
Xf.M iceadlrr
100 Reading 1st pfd
203 Reading 2d pfd
2.500 Republic IAS
1J0O Republic IAS. pfd.. .
400 Rode Island f ....
400 Rumriy
100 Itamely pfd . 1034 103, 1054
400 Seaboard sir Line .. 204 20 204
2D0 Feahoard Air Line pfd. 4. 4S 4".
490 St Louis A San T . 304 131 20
100 St, Louis A San F 1st pfd 61 61 61
L180 St, Lcsii. A an F. Id pfd. 344 22 32
2 S. U. & 8. F C A B. 1st 434 43 43
200 Sears-Roebuck 217 217 217
100 Bears-Roebuck pfd .. 124 174 124
40) SL. Sh. St A I SO 60 50
800 Southern Padflc .. Ill"; 111 m
800 Bouthern Railway .. .. 294 294 .as
200 Southern Hallway pfd .. . 814 814 14
293 Standard Mill ... 29 2S4 .9
SCO Tennessee Copper . .. 404 404 40.
3n Texas A larlnc. . . 244 244
1.300 Third Arenue . ... 364 37
330 Toledo Railways A Light... 44 44
100 Tol , St. L A W
200 Underwood Co
800 Un, Bag A Paper
100 Cn Bag A Parrs ft
13.900 Union Pacific .
300 Union Pacific pfd
100 United Dry Goods
15,400 U 8. Rubber
100 U S Rubber 1st rfd...
200 IT 8 Rubber 2d pf J 80
4J.300 V 8. Steel 744 74 744
500 U S Steel pfd 1114 111", 1114
3.100 Utah Copper 634 (T. 63.
203 t a--Car. Chemical 464 464 4P.
200 Virginia Ry A P 56 55 55
450 VuL Detlnnlnc 21 21 24
253 Vul. Drtinnlng pfd 87 SSVi 854
200 Wabash 44 44 44
1.200 Wabash pfd. . . ..... 144 13S
SOO Western Maryland 544 64V,
100 Western Union Tel 78 78
SOO Westtogh Mfg 80", 804
300 Woolworth 1154 1154
100 Woolworth pfd. 115i 1154
440 W. A L E. 1st pfd. 32 314
650 W & L. E. 2d pfd 1W IS
Totsl ssles, 262.8S3 shares, sgalnst 229 306 yester
day, 725.9GZ a week ago ana ss.ioo a year ago.
BOSTON C0PPEB MABEET.
Bid -Asked.
Adrenture Si. 64
Bohemia t 34
Calumet A Arizona. 784 7!4
Calumet A Heels-
Copper Range
i Khipman
jonnsLon
100 W ollett
is) I IDan
12.' Holism
- I Wolu
c:i
I Tctala
IT IC7 1. 1 Vliller
203 15. 213 Fnti
.- 169 190 17k llollina
.. 23 192 IS-' I Vuguste
146 1. 176 ! O Donnell
16 851 OOi Totals
m 163 .4
179 K9 L
133 177 159
191 146 192
iuum
J.robfien
Alli-oo
MrKoew
Totals
COLONIAL LEAGUE.
Msnhatlana. I Pilrnms
3n ir in
II. 110 130 Brush
1JS 199 139 I I'erler
151 1-0 213 I hhepard
R3 870 903 ' Totals
173 144 125
141 116 11
191 1 r
157 193 181
S 861 817
COMMERCIAL LEAGUB.
Chspin A Sacks. I Wssh Tubaero Oo
ipwia 89 s IUI Spauldlng 81 74
butt 97 94 99 1 (Nrnningham. T 87
Totals
Pnole
Miller
Ituppenlha
Walker
Scelling
1C2 1V9 91 I Hughes
434 43 Sill Totals
IfS I"
123 155 133 n Cornell
lt iy St I vvehau-en
771 8U 913 1 Total.
422 tiO 4C9
IM 111 112
133 164 137
1 169 143
INTERDENOMINATIONAL LEAGUE.
, t. If.-k's.
Fetllaz-e Tn-
II Kluge
I, Klure
Noack..
Totala
Richards.
McQulnn.
103 111 103 I Litchfield
4-7 4 468 1 Totals,
fth. K
IK K nil George
113 81 91 i Cramptoo
i r oeorge
103 in c;
KS 104 93
101 112 101
.. IC IB SS
. 90 94 LSI
114 82
. 113 1K
3,4 21'. 344
123V. 123 IIP,
116 1154 116
1664 1654 1664
37 364 364
ITIV. 1694 17(k
914 914 '14
93 Si 95
254 274 33
904 90 90
26 254 254
934 984 981
Total. 491 455 502 1 Totala . . 503 S10 430 1
Westminster I LVthane
McKUlen . 9 . Ss I TraTers .. 87 98 90
IC- 97 7h A Hartstall 91 7K m
Holmes.... 102 102 lOOIMorer .. 86 93 84
MeKeriehee I 112 97 R nsrtstall.. 44 im ss
jasper . . w ius bmitn 103 89
Hafie 116 1 I -
Totals. . 465 455 kl
Totals
4 500 191
enr indhidul cutiiPiONsiiip
Shaffer . .. 4
1631
nn
Third Set.
195 Ura-h
-21 I
ll
1711
170 1
Florldana Lynch Negro,
Jacksonville. Fia . Nov 1 The body
of John Archer, a negro, wa found
hanging to a tree near Mcintosh to-day.
It Is believed that Archer was bnehed
to avenge the murder of James Berges
and his arranddaughter last week An
other negro was Ijnched in connection
with the same crime several days ago.
CDBB MABKET.
. 44 44 44
.13 13 13
1354 1034 10j4
. 84 84 84
51
1714
91S
1004
ST.
10SH
. 1724
1714
I4
1004
. 574 5i,
. 1034 10S4
.1004
13-
New Tork. Nor 19-
nglo-Amrrlean OO .
Rrsdeti
British Imrrican Tbbaoro .
Grreneananea ..
Chicago Subway ,
Giroux Consolidated .. .
Greene-Cananea .. .,
HoUlrger
Intercontinental Rubber
Kerr Lake ... . ..
La, Rose Consolldsted
Lehigh Valley Coal Sales Co .
Msscn Valley ...
3lauhattan Transit
Marconi, new
Marconi, Canadian .
Nipuslnz Mines
Standard Oil
Yukon Gold
United Cigar Stores. .
United Cigar Stores pfd.
NEW YOBK PB0DITCE.
Franklin
Indiana
Lata
La Salle
Mason Valley.
Mergenthaler
Michigan
Mohawk
North Butte..........
North Lake.
Old Colony......
Old Domllilon..M
Oneoo ....
Osceola
Quiaer .......
Shannon ...... ........
South Lake.
Swift
Tamarack .............
-Prtnltr
United Fruit.........
Utah Consolidated....
Victoria
WolTerine
10
ITS
34
64
124
It-
lS
CHICAGO GBAIN MABKET.
Furnished by W. B. Hlbbs A Co,
WHEAT Open. High. Lose. Close.
December..... 1 S53. st W-, Ht
May... 9M. S24 SOU S0H
CORN-
December - 7. 4TH i4 fi s'A
Uay.... 4714 4TI4 47V, t7Vt
OATS-
December. 31 3I-. jl ji
2aay SB 324 23i Jjv,
New York, Nor 19 -BXE-Wea trade is light.
Western, to arriie. is rslued at about 69, c. t f ;
track, and State atabout 72,
FLOUR Ueary: busine-s is inactire. Kansas
straights. 4 list 30. In sacks, spring patents, 4 50a
S OS, in barrels, spring dears. 4 40s4 50, soft
straights, to srri-e. 4 65a4 85, in barrels.
BUCKWHEAT FLOUR-Stesdy slow Weather
Is too warm Choice quoted at 200 for 100 pounds.
RTB FLOUR-Stesdy: demand is light. Choice
Attorneys representing the United
Stales Steel Corporation in the bearing
of testimony yesterday before a court
examiner here in the suit brought by the
Department of Justice for the dissolu
tion of the corporation under the Sher
man anti-trust act charged that Assist
ant Commissioner Francis Walker, of
the Bureau of Corporations, had been di
rected by both Attorney General Wlck
ersham and Secretary of Commerce and
Labor Nagel to appear and so present
statistics gathered by the bureau that
they bolstered up the government's con
tention that the United States Steel Cor
poration was a trust In violation of law.
It. V I.lndabury. of Newark. N. J., and
C. A. Severance, of St Paul, were the
attorneys who made the charges, and
the- were angrily denied by Jacob M
Dickinson, special attorney representing
the Department of Justice in the prose
cution ot the corporation
Mr. Dickinson as the result of the ac
tion of the attorneys representing the
Steel Corporation declared that he would
report to the United States Court at
Philadelphia to-day havjng jurisdiction
of the sull that the two attorneys named
and other representatives of the Steel
Corporation present at the hearing had
attempted to Intimidate and embarrass
Mr Walker wnlle he was testifjing by
surrounding him at the place where he
was silting and derl-lvely laughing and
commenting upon the exhibits which
Mr Walker brought from the Bureau of
Corporations and which were sought to
he Introduced In the records These ex
hibits were tables and statistical matter
covering the prices of Iron and steel
products slnca 1S9.". about five j-ears be
fore the organization of the United
Mates hteel Corporation and compared
with the prices since its organization,
tending to show that as the result of the
organization of the corporation prices
became fixed and higher particularly on
steel rails"-
Mr Llndaburv and Judge Dickinson
finally locked horns so hard over
Mr. Walker's exhibits that they came
deadlock which was broken by
air. Llndaburv- announcing with consld
erable beat that he and his associates
ould not consent to allow- Mr. Walker
to continue with his ' argument" as des
Ignated by Mr Undabury until the
United States Court at Philadelphia
ruled upon its admissibility, and
asked special examiner John A Brown
to peremptorilv discontinue the hearing
in order to allow all parties to go to
Philadelphia and his the matter before
the court. Special Hxamlner Brown de
clined to do so and stated that he would
continue the hearing and allow the mat
ter to be presented to the court at Phil
adelphia to-da)
IVnnta -testimony Barred.
Then Mr Undaburv announced that
this morning at 10 o clock he would ap
pear before the United States Court in
Phlladelhpla with a transcript of the
testimony, that is, Mr Walker's, expla
nation of his tables, and ask that the
most of It be stricken from the record
The stand assumed by the corporation s
attornejs to-da) is looked upon as being
decidedly significant here, as it may have
far-reaching effect upon the publicity
work of the Bureau of Corporations, for
if It is sustained by the court It may
confine the bureau to the mere publi
cation of statistical matter which it
gathers and prevent it from summariz
ing or commenting on the statistics n
any way From the time Mr Walker
took the stand until he was excused to
await the action of the court at Phil
adelphia both Messrs Undabury and
Severance and D V Reed a Pittsburg
attorney of the corporation, made stren
uous objection to ever thing which Mr
Walker said outside of the mere read
ing of the statistics, claiming that his
remarks were argumentative and out-j
side ot his sphere a a witne-s placlns
in the record statistical mttter
The governments attornevs and tlioe
representing the Steel Corporation will.
appear before Judges Bumngton. Gray
and McPherson of the Lnited States
Court at Philadelphia to-Jav and thrash
out the matter of the admissibility of
Mr. Walker's testlmonv
CAPITAL......................... JL-OO-t)
SURPLUS.............-..-. COOMB)
RESOURCES OVER...... O4.000.000
The Riggs
NATIONAL BANK
'PEIX. AVE.. QPP. U. 3. TBEA3UBI.
CONDUCTS a general
banking business in con
formance to the most ap
proved procedure.
MAKES Investments
for customers and invites
conference on financial
matters in general.
ISSUES Travelers'
Checks, Letters of Cred
it, and Foreign Drafts,
available the world over.
BUYS and sells For
eign Exchange at cur
rent rates.
w
hen Establish
ing a trust Es
tate in your
will it's always advisable to
name a dependable trust com
pany as co-trustee
with some member of your
family, a confidential friend or
lawryer
DThis company Invites ap
pointment under wills
The Washington Loan
and Trust Company,
Cor. 9th and F Sts.
JOHN JOT EDSO.V. Presidret.
The Safest Investments
Art tboee tht Co hoc Caetmtt ftirtot tC
tcrbed traodltlona of U- mocex or ftocfc ni
trfe Flnt d-cd of trait sotea (first morV
tte). U Mcnrfd oa ml nut la tfct Dis
trict cf Colombia, rocsdtut "cUt-Mr U
testmtmti. Thy da cot drpend upon ti
BitiHI lrtponribnity of IzxSlriisalj or or
panticc for their ..Utility. nd ir era.
froo tJitiqrt u penooal property. W eta
nxTl7 anch tatntmeoU ia tuoouatt froa (301
trpw&rd. freud for boofcltt, C-niirj Lou
tad InTrtTm-fntti
Swartzell, Rheem 3
Hense Co.
737 XCtta Street Northisest.
W.B.mbbs&Cos
(ew Tent stock Exenaar.
vs-asbtESXao atoet s-t.-!
Cfclcaxo Board ct Trade.
IOCAI. SECURITIES Bonrtrt
and sold on same favorable terras
as we offer for tradlnc In Nsst
Xork stocks and bonds.
Hibbs Building
Vice Itnlil Tntches Thirty.
Chicago, Nov 13 Attempts to reopen
the sefrregated vice district resulted in
raids earlv to-dav in which thirtv women
were arrested A new pollen guard has
been established In the district, and
State's Attorney Wayman asserted to
day he will strictly enforce his closing
order.
Dr
V lie
INGER'S
far exvort. 3.T0a3.7a: coarse meal, in bas. L3oaL37
HAY Receipts, j77 toos. Firm cfaotce is want
ed, Cjuotatloiis are: For prime timothy. 1.15. No.
1, X.KX0.12H: Xo. 2. KaLDS, Na 3. SSsSO.
STRAW SeoHpts, S3 tons. Steady; itvrairr h
moderate. Long rre quoted at SCaSTVs..
POIIK-Stranf: supply la light. Mess. U.T3SJS3,
family. 23.00a3JD.
BEET Steady; demand is moderate, racket,
3 00x11.0; family, 2156x23 03
LABDHBtrooi:: moderate business. Prima West
ern. IL&5; named oontlnertt. 12.15; South Ameriean.
12.70; refined Brarnisn. in kegs, 13.70. beef ateaxlne,
II; lard etesjl flrmi h'esr Tork, 13V
COFFEE Market dosed steady, 2 to 5 points
losrer.
High. Low. Close.
Koreoher . UsSalld
December........ ........ 13.63 13.62 13.60al3.6l
January...... , 13.61 1359 13J6al3.5S
February . 13.E6eL13
March 13.91 13.M 13.95al3.Sr
April ... 13.92al3.33
May. 1103 14.00 UOOallOl
CHICAGO PRODUCTS.
Furnished by W. B. Hibbs & Co.
POBBT Open. High.
January. 13.97 19J0
Mar. ls.40 18 ST
LARO-
Januazy..,........H.... 10.80 10 93
Mar. 10.32 10J5
niBs-
Jancxry... 10.29 10.7
May.... ....... (.92 993
Low. Closfl.
19.(5 1S.J7
1A3S 15.35
HOME OF BETTER BEDS
$1.50 BUYS'
- THIS
Magnificent
Brass
Bed
You'd guess the price to be
nearer $50 than $24.50 so rich,
handsome, and excellently built
is this Bed.
Of course, it's guaranteed
all Linger Beds are.
ilNCLAiR
IMPORTTNO TATLOat.
MAKER Or
RIDING BREECHES
AND
DRIVING SUITS
615 Penn. Ave. N. W.
METROPOLITAN HOTEI. BLDO.
Ws Pits Vexas ta The. Hsrsld's C3.0X Ccctsst.
Thanksgiving Dinner
Table Linen
Should be laundered just nght
to add to the ucce of this
event. Try us Notice the dif
ference Yale Laundry
Lfiunderers. Dry Cltnners. Dyers.
437 New York Ave.
lfejtfera
I -mm
M
ATTRESSES
renovated to look and
wear like new. Best
work, lowest prices.
C7We make our own mattresses and
qtiarantee every one.
H. A. LINGER, Jr.
933 G St. N.W. 811 7lh SL N.W.
TVs GIisj Totes) in lbs BeraLTg 33.039 Contest,
Columbia Pharmacy
1401 H SIHtET N. E.
WASUIXGTOJf. D. C
P. O. Slallon SS. Tel. I. 1133,
School Supplies. Mas-azlnes. Periodicals.'
Branch Post-office.
1401 H STREET N. E.
We Clw Tccea In Th Herald's J3.OT contest
DURESCO
FLOOR PRESERVATIVE
F. STEWART,1st&HSts.
VTe Gite Voles ia Tne. Herald's C3.0DO Coniest.
SMALL'S is the Hardware
Store with the complete
stock and the little prices
Small's Hardware Store, 713 7tfi St. N.W.
Wt Girt Vote tn Tbt IlenM'i C3.0C0 CbotMt.
Yoor lone virci. t tsTrdM. T if
paint Inmblw tre -hifted ta t
tvbooldcri t
DE MAINE & CO.
lows Bros. Huh Sundxrtl Pin
the rtai
321J 11 St N W
We Glrs Totes la Toa n mil's J3.OT Contest,
LAXATIVE M
QUININE L
TABLETS
Twenty-four Tablets
La Grippe.
Hay Fever. '
Neuralgia,
Cold in Held
! Fifteen Cents.
BRADLEY'S sd?ore.
15th SL and Pennsylvania Ave. S. E.
Wt Glra Totes ta Tos BeraU'a SUM Coctaat.
-leifc-. ,Vst. .
"-tM.-.jr m. Kf
ilfti
ije jc-h n&4&efna,'-, .
' hmtSZik.irvM-
