Newspaper Page Text
THE WASHINGTON HERALD. WEDNESDAY, DECEMBER i, 1912.
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Local Financial Matter's
By I. ". FLKSIIXC.
Wall Street has about decided that
the chief Importance In the decision
handed down on Monday by which the
Southern Paclflc-Unlon Pacific Interests
are Anally dl.orccd Is that it is a prac
tical forecast of the way all trust case
decisions will come down from the Su
preme Court, as now constituted.
This verdict may be drawn from jes
terdaj'a market action, which was ac
the throughout the five hours and suffi
ciently erratic to Rive room for much
While the list of day's losses Is by no
means confined to the industrials, it Is,
nn rrrlielexa. true that practically all
industrials did suffer. They did not lose
h-alb. but even thing was off frac
tional!), H-poInt losses being about the
aerage, sao in some of the more
prominent industrials Republic Iron
and Steel, Pressed Steel Car. Bethlehem
steel. Pittsburg Coal, Can common,
Texas Oil. and Steei prcforred-rwhere
ever a point losses were sustained
Most of the business of the day was
in the four market leaders. Steel com
mon. Union Pacific, Reading, and South
ern Pacific The bears hammered on
thse stocks viciously and left an im
press on Southern Pacific, but failed,
despite their efforts, to make- headway
in the other securities j
Traders expressed themselves freely
on the real effects of the merger ruling,
and. while admitting that the case
against the Steel Corporation had been
strengthened bj the decision contended
that it would be at least two or possibly
three sears betorc the court ordered
dissolution. While Steel common man
aged to recoer full, the preferred
stock was weak on the liquidation
So far-as the immediate effect of the
merger case was concerned, traders took
out their dlslik on Southern Pacific, al
though the gereral impression still fa
tors adtancement of the road as an In
It was pounded hard all da), losing
oer 3 points, but coming back a point
in the profit taking at the close and
covering of shorts
Reading appeared to be a prime fa
orlte on the theor) that an adverse
decision in its cate would mean a fine
melon-cuttlng proposition in the elinW6essments for examiners' fees amount'
nation of Reading's wealth in side is
sue1 This brought a 2-polnt rise, lost
in the general liquidation that came
oer the market after the noon hour
hnuff again sneezed its way Into a big
Monet aried from 1 to 6 to 10 to 8
Ixjndon bought 40.O00 shares of stock",
"honing that it was not perturbed oer
the war situation or the merger deci
sion Representative l.et of New aork
nude th argument that the Treasur)
lipartment had been drawing millions
the people s monn. in taxes K.
m i:ui in 1812 ami that it was time for
the becrrtar) of the Treasur) to relieve
th monetar) strlngenc) b) depositing
$J mx 010 In the banks He Introduced
a tioolution to this effect
ItiiNimss meds the coni and needs it
IhH ,,ii,i would EladU welcome the
oulrr to betretan MacVeagh
1 mmg on the date predicted, the
ompti oiler issued his lifth call for the
ten on the national banks and the fis
cil institutions of Washington for a
statement of condition at the close of
I usincts No ember
Individual deposits ought not to show
II h ihange. but the holdings for the
-idlt of banks and bankers will suffer
inatenallv As stated before, the ,n
uiwduals, will not be far from fCJ.Out) -"00
Ranks hae materials strength
ened their positions since the call
Munr is tight all over the clt). and
n. amount might Ik- loaned at C per
Viiiliiii liic net da or two the answer
I- Hie mil reientlv Hied for an Injunc
tion at,amt,t the Washington I'tllltles
"ompaii will have to be filed :n court
n a preparation of this answer, which
in all pinbability win be a demurrer, is
understood to be well underway
l-awers of the corporation am also
tiuM on ihc preparation of the J1OO.O00.CO0
mortgage to vecure the Issue of 5 per
ent bonds from time to time This doc
ument must of necessity pass muster as
tr legality. i.c . of the legal talent of
the banking concerns and bond houses
of New York Cit who are to pass on
the issue befure underwriting it.
In th meantime brokers of the Wash
ington I'tillties Company are taking no
part in the daily operations on the stock
exchange It Is not natural that they
should until such time as the legal ob
stacles have been removed, or at least
The mortgage can be drawn at this
tune. as the security for the collateral
trust bonds will be. as the entire assets
if the Washington Utilities Company at
this time or that ma) be hereinafter ac
quired Thrre becms to be no uneasiness among
the holder" of cither the preferred or
tlie common Railway and Electric stock,
as the dally business Is nearly nil There
is considerable stock for sale at 90, and
yet if that price was bid it is more than
probable that offerings would be with
drawn With the present tight moneyIn New
York, bends are not acting nearly as well
as they have been, but this is merely a
temporary stringency. and will' be over
bfore the end of the month the more so
if the foreign situation Improves and
no attempt Is made to keep gold from
coming this way.
The annual report of the Masonic Hall
Association for the year ended November
. 1911, follows:
tUImee on hand last report S3.033M
1 bonis 360 J
ToUI J27.535 3I
nashineton Itaiitrar and Electric Company 4
rr cent bonds. J9O00 coot. 571913
Oaptal stock S3C0.600 00
Bonds of issue of 1904 80000 00
Total r.W.600 00
General expenditures. X5,ac33
Interest on bonds. .. . ... .. . ...... 35000
Miscellaneous repairs and improrementa ..... 1,183 91
Insurance 128 1$
Diiide&d 42. CvS69 30
Total jrra a
Postal Savings bonds to the amount
of JXS20 will be issued with the begin
ning of 1313 to the bolder of an equal
amount of receipts for funds on deposit
with the Postal Savings Department.
These bond holders, 104 In number,
represent a certain class of safety seek
ers, who will be satisfied with the 2 per
cent Interest of the government rather
than the 3 or 4 per cent Interest on dor
mant In savings banks.
The amount Is of no Importance In the
finance of the District save to the own
ers thereof, to whom It probably repre
sents some sacrifices.
Some December disbursements found
their way back Into too local stock mar
ket esterday, especially Into Capital
Traction bonds, which were, wanted at
Railway preferred sold at 83 1-S. Just
a small MoL The bid of SS met with or
fe rings at-SOl RallwaV common was of
fered at 89 7-8 and the bid was ralsea
from SS to SS 1-2 withoufbrlnglng sales-
Washington Gas was firmer with sales
at SS 1-:, and none offered -after the
sale below ST.
United States Trust shares sold at 1)0,
slightly lower than the last 'previous
Under caption. "Excessite Tax on
Bank Circulation," the December circular
of the National City Bank says: "The
tax on national bank circulation was
originally levied for the purpose of de
fralns expenses of the bureau presided
over by the Comptroller of the Currency
The amount of circulation tax annually
collected Is now about six times the ex
pense of the bureau. Since establishment
of the present national bank system In
lSCSi national banks of the country have
paid to the general government in taxes
and costs Incident to the Issue of cir
culating notes over $213,000,000. The en
tire cost of maintaining the currency
bureau from 1S63 to July 1 of this year,
including amounts appropriated by Con
gress and all other expenses, -did not
exceed CD.OOO.OOO, so that taxes and ex
penses paid to the ajo eminent by na
tional banks exceed cost of the serice
by nearly JISOOO.000 "
Under the several taxation acts since
1SS3 national banks have paid taxes to the
goernment as follows.
On capital to Jnlj 1 1SS3.
On capital under star rrrenne act of 1833.
On deposit to Jnlr 1 1SS3
On circulation of Julj I. IflS.
Total . ... .. 14 3J5H
The amount of corporation tax paid
fli) national banks since 1909 is not
definitely known as the amounts are In
cluded In the accounts of the internal
retenue bureau with the taxes paid by
all other financial companies. &c, but
It is believed that It will increase the
amount of JlST.OOn 000
In addition banks hae paid the cost
of redemption of their rotes since 1ST4
which amounts to J7.KO.000. the cost of
new plates aggregating $1,300 000 and as-
to about JT.oOOOKt, making a total
of J1G,4M(W and a grand total of
Lanston declared regular quarterly 1 1-3
per cent dividend, payable December 30,
to stock of record, December 3.
NEW YORK MONEY.
New Turk IkT 3 Call moner opened at 9 per
cent hijti 91 per cent low 6 per cent renewal. 9
prr cert cioMng 6 per cent ruline rate 9 per cent
Time money market opened undianccd and dllL
althuufh brokers stated there is a sUfhtlj easier ten
diner In oidener. Bates are 6 per cent for aiitj
dai, t6U l-er cent for tnree sjm lour monins ana
5G per cent for fle and six months.
commercial lajvr unchanged at 6 per cent for the
London ditownts 4'? rr cent uocharrrd. Pans
ditciJiiiU ;' per cent undianjrrd Berlin discuunts
jTs lrr cent, up S
NEW YORK PRODUCE.
New Virk. llec 3 -!ILLrEEl-Meidy bminess
is lifcle-e siting bran 3 90. standard middlings.
"CO Uoaern red doe 79.30 winter wheat bran, in
lGHound sacks, to arriie 3 50 city bran. In bulk,
It 1 B-tcd trade is dnU Western to srriTe. is
tallied at about O r LI track and State at 7L
IILl'kUIIElT KLOLH-Steady. supply is mea
rcr fhcice nominal at 2.25 for 10D pounds.
Ki L I- LOUIt Steady demand ia moderate Choice
brand quoted at 3.6S34 10
CIIUNMLU Mead; Inquiry la moderate. Klln-dnt-d
new for rxiort 3ja3.W coarse meal, in baes.
II V -Itecopu. 1111 tons, firm trade is lets ac
tiie I-rime timothj LI74 No. 1 1 l?saL15. Xo 2.
lfalt:' o 3 90uS
STIt -Iteceitts M ton. Easy inquiry is mod
eratc Ltpnff re huoted at Kae7s. Oat straw Is
K'arce and Tallies uncertain, possibly 90al 00
IMIIK rirm snpplv is small. Mass. 19 72aU30.
111.11- hirm but dnl' as supply is light Packet,
i'h23.0J family 73Ota00
I ItI- btcadi Inactive business. Prim- Western
11 yt refined cutitincnt 1VO. Sonrls-Amencan. 12.45.
refined Brazilian, in kegs, 13 45. beef stearine, ITalTH
lard tjrannr quiet New York. a.
t OKKEK-Tc-day coffee markets were in some
cases bt-tter 4bout the only weak spot in the.
wcrld a coffee centers Is bsntos. which wa 100 reia
lower at the close of business yesterday and was
quiet and without further change this morning The
were as follows
High Low Close.
. . . 13.2) 13.13 I3.1Eal3n
133 13J 13.3al3.2
. 13.63 13.54 13.Cal3.63
New York Dec 3 Closing qnotationa of mLscel
Japan 1st series. 4'ts . 30a
merican (jotton Oil 4a . 9bH
trtiln. Topeka A 8anU Te crt- 4a. 1930 . 104
Baltimore i Ohio p 1 3Ss ... 9o
Baltimore & Ohio gold 4s . . .... 97
Baltimore,. Ohio-Pitts.. U E 4 Western 4s.. 9
Baltimore A. Ohio Southwestern 31is . 85-
Brooklyn Ilapul Transit 4s .. . 9I'i
Central leather 5s SS
Chesapeake l, Ohio general 4'ss 99'.
Chesiiake & Ohio convertible 4Hs 9-ia
Chicago Milwauke 4. St. Paul 4Hs . . . HS
Chicago. Bock Iiland i Pacific rfg 4s. S6.
Chicago. Hock Island 4 Pacific ooL as. 66
Interborough Metropolitan 4'ss. to,
Kentucky Central 4s 9IH
Laka ''horo 4s. 1X1 13.
Iiouisrille i Nsshnlle unified 4s. 97
Mexican Petroleum 6a, . 103
National Tube 5s 9JH
N". T Oaa. Elec Lt.. Heat Post. p. m. 4s,. S7
N T. O 4. W. 1st 4s 93
New York Railwaya ad. 6s 54
Norfolk & Western crt. 4s. . 113H
Norfolk & WeateTTS-Pocahontu C. O 4s.... 90
Northern Padfie 4a S84
Oregon Short Line rfg. 4a 94
Oregon-Wain. Ilailroad at Natlgatlon 4s 91
radflc Telephone & Telegraph 5s t9
I"ierre LorDUrd Ss 97
Bay Consolidated Copper 6s. KPt
Rio Grande Western 1st 4s H
St Louis & San Francisco general 5s. E31,
St. Louis & San Irandsco refunding 4s 76
Seaboard Air Line 4s, stamped SS
Southern Bell Telephone & Telegrai Ss. $8
Southern Padfie col 4s 93-4
Southern Padfie col. 4s, regtatered. 914
sjouthem Paclflo conrertible 4s. 93
Southern Pacmc refondina; 4s 93H
Southern Railway 5s 106V
Southern Railway 4s jj
Third Arenne adjosUble 6s. 74
Toledo, St. Louis & Western, SO-year 4s, 1950.. 56H
Union radzc eonrerUble 4s 101
LTnlon Padflo refovdlng 4s 954
United Stale Steel a. f. 5s. 101a,
irginia, & Southsreatem consofldated 5s. 96
Western Maryland 4s. 95
Total aales. S7.533 000.
JUss I!id Titter, Stlt RMffa, Prirttos, Mllk-Crctt,
KiifHiij sun, &e.
to rrturp wona thin before. Bnoanbtrr I mi this
trend uteninit ttftrr pactisc ten iwrt of or tim
on thijVB iliaeiM ana hindllrr Is tha tneutli&e a
quuTcr oi a muuDa cava urn craami CiM-lM.
ow, 1 do not care what all yon han naed. nor how
tnatrv doctor hT told TOO that xvn rmU vus w.
1 all I aafc ii lust a chance to cbow jot that I
axew what I am talktex about. Jpo win wnta
JD9 ilnai i "ui ioh juu m an k,k
ot my jnlWrwrXhinr, suanatcd cure ti
Tinea rou more in a oar than I or any ooa elaa could
vmnr real eomfcrt than too had ttrr thr-no-r-H
world bold for too. Just try lt and you will l
am CUiDB jva urv iraui. 4
Dr. J. E. CtiHlir. 172 Pirt Ssiiji, UMi, Hi
Ceuld rou do a better act than to send thti """e. t.
" .L m, . t. : J u r -
2 ' XO iynmtnr, Q. J, P.
I . 1-IQQ AmHMn fftlM rfd.-f. IIU S3
Car Fdrr. H
Atlantic Contt. H
U. II IT.
at. Northern.. H
Col. Fneli 14
Erie ...A H
3Io, Pae. K
C A O...
X. "V Cent..... Ii
P. S. Car 1
TVrlt. Paper pf.lU
C. Leather pf..lH
Am. T. A T.... H
Looae-Wllca .. Vi
St. Paul pfd....
Air Brake Vi
Hep. Steel pfd..lVi
noelc Island pf.1..
Utah Copper... V4
Can com 2V
Steel pfd 1
Beth. Steel ...1
Meth Steel pf..3
Pitta. Coal pf...3
Tezaa OH a
Miami Cop , V4
Corn Prod. pr..lV
N.. t W.
Steet pfd.. .
Wratem Md .
Mexican Oil.... 1 1 t M. Tob... Vi
Northsseatern. 1 I St. Paul
Undernood ... .Vi I It radios' Vi
BOSTON COPPER STOCKS.
Adientur H .
Bohemia ' Z'l
Calumet & Arlzona....
Calumet as Hecla. 553
Copper Range , 56
Kan Ilutte. IIS
Franklin. - 9
La Salle 5t
Mason alley 13
North Butte M
North Lake y,
Old Colony 9.
OU DomJnkiD 59
()ftxoUy J".'.'.'.'".""lf"I""!!"l" . 103'a
Quincy t 3
bouth Lake 74
United rrult 181
Bay Mat l.al .
Braden Ooiper 10
British Columbia Copper 3S
Lhicago Subway Vt
liiruus Coiiper . 3S
Goldfleld Florence 6a
Greene Cananra - . 9,
Intercontinental Rubber IPs
Jumbo Latenaca 27
Kerr Lake ?
La Row TV
Manliatlan Transit. 1 7 16
Mason Valley I2H
Mines Co of America. 2S
Netsda Hills .. .. IS
Nerada Ltah it. ic B Corp. 01
NlpLs.ni Mines Co P.
lhlo Copper. I
United Copper I
United Copper pfd.t 5
sukoo Gold 2V
NEW YORK COTTON.
Fnrnashrt by W B.
Hlbbs ft Co.
Open High. Low
. 12.35 liM 12J5
IH7 12.67 12.47
12J9 !( 12.38
12J3 12.53 M32
bpot ootlon-New Orleans. 12.C2S. New Tork. I2.S5.
CHICAGO GRAIN MAEKET.
Iirnished by W B. Hibbs A Co
Open. High. Low Close,
SVs 225, JJ's
CHICAGO PRODUCE MARKET.
Furnished by W
May . .
Dlbbs A Co
... 1U5 19J7
... U.42 1170
WASinNQTON STOCK MARKET.
Sales-Regular call, K o'clock noon-
Itiggs Raaltr 5s (short) 51 000 at 1D2.
Capital Traction 5s. 1D0 at u. 11,030 at JKP..
S1.M0 at 110. tl.CCO at I10
Waihlngton Itallwir A Electrio pfd.. 20 at E8H.
aahington Gaa, 3 at 8SH.
Slergenthaler. 1 at 224V 10 at 224H. 10 at 34
United States Trust, 8 at 140. 10 at 140, 5 at 1X
After call rotomae coos. Ss. S3.000 at 100i.
Potomsc Electric 5a. 1,000 at 106. t
Union Treat. 5 at 140
C S reg. 2 lor, 101S
L'. S. coupon 2s ltXPa 101S
B 8 reg. 3s lies mis
V. S Coupon 3s...- , 102S 1C3H
H S rtg 4s 1U1, ins
U. S Coupon la lUS 11IS
Georgetown Gas 5s IM 1W
Uaihington Gaa 5a 110 110"..
Calitai Traction 5s...
City A Suburban & 103
Columbia fifl .. 100
Columbia 6s - Jul
Metropolitan Cs jos
aahington Hallway A Electrio 4s 834
Washington. Alex. A lit. Vernon 5a.
rotomae Elactric Consolidated Cs. 100S
rotomao Electrio Light 5s 105
Chesapeake A Potomac Telephone 6a.... 103H
American Telephone A Telegraph 43.....J10
Norfolk A Wastdngtoo Steamboat 3.... 101
Rlgga Realty 5a (long) jsa
Rlggs Beauty 6s (short) .. 101
PUBLIC UTILTnr STOCKS.
Capital Traction. hjh
Wellington lUnway A Electrio com.... 8SH
Washington Railway A Electrio pfd... SS
WasMngtno-Virginia Eleetrlo By. com.
Norfolk A Washington Steamboat..... 203
Washington Gas gA
Georgetown Gaa , eg
American Telephone & Telegraph . HI
TYPE MACHINE STOCKS.
Mergenthaler Linotype..................... am
Lanston Monotype. 9m
Greene Cananea e
SAIlONAIi BANE STOCKS.
Capital .... 23)
Farmers & Mechanics....
Second , jg)
National Bank of Waahlngton 25)
TRCST OOMPANT STOCKS.
American Security A Trust. 302
National Sayings & Trust................. 250
Union Trust- 13
Waahlngton Loan A Trust.. jjj
United BUtea Trait- 130
SAVINGS BANK STOCKS.
CtUsens m g
Hams ..j.......... ................ 32
Bank of Commerce & Baringa............ lju
East Washington Baring IS
FIBB INSCBANCB STOCKS.
Arlington ............................ 14
Corcoran .......H.................a as
Firemen's .a.........................-. lata
Franklin ..... ,.'. .!
German-American ....... jja"
Potomac .H....H 35
TITLE I74SrmjtKrrri srrnrnra
Real Estate............. "
Chatsh-Sacxs .................. ibj
D. C. Paper Mfg. Co................ 135
Graphophone conttnon ftu
Cranbophona pfd. rju
Merchants' Transfer & Storage 105
Security Storage ............... B0
WaaTilngtrn Market- , ir
WALL STREET GOSSIP
Forelsn inveatraent absorption Jiaa
taken place in Southern Paelllc since the
merger decision on the theory (hat valu
able rlshti win accrue In the dissolu
tion. Banking Interests deprecate the fur
ther advance of cotton on the belief that
It will curtail operations a.t a, time when
the tariff Is bIbo likely to,check the mill
Canadian Pacific lias paid for ten years
an average of more than 11 Per cent
nnnually"to stockholders In dividends and.
rights, and It Is said In Montreal that
tho record will be maintained.
Important economies are reported to
liae taken place In the United States
Rubber productlon,works, putting the net
earnings on a.vcryrong basis.
"A decided replenishment of cash re
serves In the banks 1 needed to restore
easy money," sa)s a big Interest.
Private advices ftom London. Paris,
and Berlin say there Is no likelihood
whatever now of a European war over
the Balkans. Further gold is expected to
be released abroad In consequence.
1'ptown professional traders appear
again tor be selling. Steel on all the ral
lies. The market has fluctuated erratically"
all day, weakness and strength alternat
ing and price changes were small. Union
was a feature at the opening, advancing
nearly one and a half, while Southern
Pacific whs weak from the start, selling
down three points from last night's clos
One Ann disposed of some S.0O0 shares
of Southern Pacific It subsequently ral
lied modtratcly, but was under pretsure
Reading was strong, touching 17X
Honey renewals were at 9 per cent.
The market was fairly active early, but
quieted down In the arternoon
A good party tells us that the Steels
will go much lower
There Is a story around that the gov
ernment has deposited JB.(j0H.CW), and will
deposit J19.0,000 more
Financial circles now expect further
railroad segregation A general readjust
ment is to follow the Union Paciflc deci
sion It is said preparations are being
made voluntarily by certain big sj steins
to divest themselves of equities This
means melons. Reading Is mentioned
prominently In this connection.
The Supreme Court decision In the Un
ion Pacific merger cae practically brings
into question the legality of Heading's
relations with the Central Railroad of
New Jersey, and also New York Cen
tral's with the Michigan Central and
rcnnsvlvanla's with the Panhandle and
Norfolk and Western. It also furnishes
a sure Indication that a government suit
.will sooner or later be filed against the
K.S3 New York, New Hiven and Hartford re-J1-'7
garding the legality of its control of va
rious subsldiarv lines of a competing
As a consequence, general sentiment on
market s position, and Just how the
stocks of the various Harriman lines will
fluctuate from this leel. could hardly le
' more mixed and uncertain than at pres-
I ent Talk of segregation of Union Pa
cific's assets for the benefit of the com
' mon and preferred stockholders was used
j to support them jesterday, will doubt
less continue to be effecthe to-day.
There Is talk about the Street that If
satisfactory terms cannot be irransed
by the Union and Southern Pacific own
ers for the acquisition of the Central
I'aclflc and Lnion Pacific Interests
take oer the Western Pacific, which
runs from Osden to 'Frisco. Just as does
the Central I'aclflc
Under special rule the House to-da
called up for debate the Adamson hill
on phKical aluatlon of railroads The
bill is tho same reported out by the com
mittee on Interstate and foreign com
merce and placed on the calendar last
Interboro Rapid Tran'lt for October
cross operating reenue Increase, H12,
369, net operatlnB reienue Increase, J173,-
Slxty per cent of operations In Union
Paciflc Is being done by traders
A committee of managers of fifty-two
railroads eat of Chicago discussed with
firemen to-da new wage demands, time
schedules and working conditions.
There were exported through the port
of New Yorl; last week 1,674. Oft? bushels
of wheit. not Including 5,009 sacks and
barrels of flour
IIoue resolution asks for Investigation
of the .lileged traffic agreement between
Grand Trunk and Xew Haven.
United States Steel strike situation
in Pittsburg district shows more ac
tivity. The production of the Phelps Dodge
Company's Smelters In November was
12.SSS.937 pound', compared with 13,153.
070 in October
The Atchison declared regular semi
annual dividend of 2 1-2 per cent on its
preferred stock. At the directors meet
ing nothing else of public Interest was
acted upon The directors are naturally
highly gratified over the returns that
are coming to hand. The latest advices
indicate that tho outlook for winter
wheat In the Southwest Is as bright as
It was at this time last year.
When the committees of railroad man
agers and firemen met yesterday In the
Engineering Society's Building President
Carter, or the urotnernood of locomotive
Firemen presented several amendments
to the original demands which were
drawn up in February last Tho most
Important of these amendments elimi
nates the request for time and one half
for overtime after ten hours of work on
road and jard engines.
The unfilled tonnage of steel on the
hcoks of the Steel Corporation on Oc
tober 31 was 7,654 thousands tons and
this, added to the unfilled tonnage of the
Independent companies, leaves an actual
tonnage unfilled for tho country of about
fourteen million tons. We must go back
to 1906 to get any figures to compare
with these. On September 30 and De
cember 31. 1906, and on March 31 and
June 30, 1907, the unfilled tonnage of tho
Steel Corporation was heavier than at
present, but that of the Independent
Companies was much less so tnat xile
total amount of unfilled or unshipped
orders to date Is probably the largest
the country has ever seen.
The drs peptic, the debilitated, whether from
excess of went oitntnaoreooy, artnk: or ex-
Dosure tn .ssssssBsasw
wm find Tort's Puis tbe most cental rcstora
tl e ever offered the suftcrlng lovilld.
.4Ui Amalgamated Copper.
1.1C0 Am. iBeet Bttga. 57
3.700 American Can 40
l.U American Can pd.... .....' BPi
X0 aw.tn o. k. F.. ........ f
Lt3 American a tin ,,,.. Cog
1.409 American Cities pfd..... 8IH
1J03 American Cotton Oil.
as Am. H. & U pfd...-.., a
SO) American lea Seruntinv.. HH
KD Am, Unseed pfd........... 34
200 American LcsvmotiTe 4414
100 American Locomotlta pfd. 107
SO American Malt . IIVs
10) American Malt pfd tl's
3.600 American Smelting.. . -3,703
100 Amlrlcaa Bnnlt new
COO American Steel Found....
irn us n
201H TXX 193'-i
ms 101 101
119 119 119
UK 112 112
300 Ala. Tobacco pfd. new.. ..105
20J Am. W Wka. pfd.. 98s
200 American Wcotra 23
930 Am. Writing Paper pfd... KV
1.203 Anaconda . .... ..... 43U
3.101 Atchison .. .. ItTS
4X Atlantic Ccast I Joe 1KHS
1.70) Baltimore t Ohio IOC
X.U0 Bethlabem HUel . . . 4CS
2JO0 Bethlehem Dteel lid .. $9
500 B. II. Goodrich . C9S
I. BO Bnxklyn Ka.J Transit.- 97a
4,000 California Petrol (3
KB California Petrol pfd. 90.
2J500 Canadian Pacific ,. 2&fi4
400 Central ls New Jersey . 370
1.700 Central Leatlier 29
3t0 qntral leather 11 , "S4
1209 tlioamke A Ohio 2S
401 Cliicago tlrrat er tern , ITU
6W ITilcago Great VV estern pfd 33
9 950 O. M. A. St. ! 115H
125 C 31 A St. I' rM Itl1
123 diicaga . Northwestern. 123
1C0 ChHago In. Tr rtfa . Pi
7 K Chino Con oiw 47Vi
5U) Colorado Fnel A Iron . 234
120 f tlttado A hnothern 33
100 C-ensclldated Gas. ltT.
3,61 tvrn Products 1SS
Tn lTnlncts pfd 7J'
ICO Delaware A Hudson. .. 466
ICO I L. A ... 530
200 Imurr A Itio Grande ld 40U
10(1 Detroit United R. R . 7IS
693 Distillers' Sceurillm . 2SS
ICO Du Pont Powder pfd 99
L400 Erie 21V.
COO (xie 1st pfd S1U
303 General Fleitric . . 185
19) Central 'tutors pfd Tl's
10 Genrge Helme . 172
2.S00 l.oMflrM (xauolidatrd 2
I.7O0 Gnat Northern id 12TS
400 Great North Ore subs . 15'.
COO l.uggenheim Exn! . S31
100 Homcstake 102
KO Irt .Vgrtcul ... 40
M0 lnt Agricnl pfd 93
1 100 Inap Coptr 20
2.500 Inter Met.
250 lnt Paper 13 12-. LIS
400 lnt Paper Id Sl't 50S 50.
100 J U Case jad Mi's 1014 1014
200 Kansas City A Southern. 3 24 2J
100 Lake Erie A West, pfd . 35 35 33
t00 Lehigh Valley HI'. I73S III
100 L. A VI Tob .. 214 211 211
400 Lome Wiles . . ..1 41S 401. 11
109 VIsrtar Co a pfd . C7h Ci 7-
J May Dcpt i(re . . si m).. 81
10) Merchant Marine pfd 20 20 20
2.5U0 Mexican Petroleum M's 3 MS
200 Met PetroL Id VK 102 102
2.TO Miami Copper 2SS rS S'
100 l 8 V A S M . 112 IC lt2
2.100 Misaoun Pacific 43 s 43 (3
30 Nat r.n. A Mpd. .20 19". 50
500 National Lead d SOS 60",
100 Nat Lead pfd
s.0 N R It ef M 2d pfd
. Ill II3S
13S . I3JS
. 33 33S
. IBS S
iifO Ner. Con. Cop . 22. 22S 22S
li New lork -Mr Brsai
9T9 New lork Central
IOV1 N II A II
vn S Y. O A w
103 N i ute Itallwai
I OW Norfolk A Western
W North American
2.210 Ncrthem Paclflo.
7TO Ort lter
2C3 Paclflo TAT
sno I-antle Jlail .
70 Pennsyttania It R
3D Prerlr s Gas A Coal
im P c C A si L. KK lot in?
1JCO Ilttiburg Coal Si 5 2Ti
2rsn Ilttiburg Cnal rfd 92 90 91
Jin P Lonllatl Co JTSH 205 W
) ITe-Kcl Pteel Car V Xs.
.TO Railway t-Url Springs Xi JPa T',
KO Railway KM Springs rfd. 101 101 101
!rd lta Vnsolidate.l CcnT 2:S 22 J
. na rrt',
600 Reading 1st ptd.
200 Heading 31 Ud
CO Rernblie 1. A S
in Repiblic I A S rfd
3130 Hock Island
-TtO Itork Island !J
Zn Itumelr Pfd . .
100 Sratrd Air Line X1.
TO Mcabard Atr Line rfd 10
101 st Irsils ASP. 11
300 M I-onls A K I' U 1 . 314.
J St L A s r A E. 1st
Iftj si. Itfuls A Southwestern 31,
1") st Louis A Ss pfd 77
' sears-llocbuck .. 33
Cm Southern I'iei9e . 1W.
1 31 Southern Radway 3".
TO Southern Ry pfd fl'a
KO standard Milling . 3H
jn Studetwker 42
700 Tcnnesst-e Coper 41'i
ll Texas A Psciiic S
J1 Texss Companr 119
jn. i? i,,
yo Third renne It It
r Toledo Rjs. A Light
100 Toledo St L pit
100 I nderwond tympany
40) I mnn Rig A I'aprr
300 Union Slag A I'ap-r pfd
eil lnion Pacific
1300 Union Tanfc pfd
700 United Cigar
1300 United It Inrest
3 000 United Hy Inrest. pfd
an u i c I P A p pfd
100 r S Rfd A Ref
7 I i n,,blr
2D0 U S HuWsrr 1st pfd
OT7W I s Meri
i0 U S Steel pfd
Il luh Cop(r
rm is' res
an irginia4aro Chetn '. I3S 4S.
3)) irginia-4 aro Chem pW "SH 115S 115.
IjO 1rginia Iron )' A C a ffi IVI
111 ulcan IMin'g pfd
271 Wahuh rfd
ICO Wells Fargo fxpress
JO Western JlsrylsnJ
100 Western tiuon Trl
3TO eUnghnuw Mfg
1JO0 A I- B 'ft tld t 3 31,
UD Wisconsin rnlrsl ii 5P. $,
Totsl sales MO 545 shares, sgalnst 3E2,si sjurc
yesterday. ZS7 6S5 a neck ago and ZXCOO a year ago.
END OF PElSION AGENCY.
DlalinralliK Agencr rsssea Out of
Kxislence To-ilaj .
After to-day the Washington District
Pension Agency will be an Institution of
history only To-day the office here will
make its last payment
The Washington agency disburses pen
sions for eterans and the widows of
veterans of Washington. Virginia, Mary
land. Delaware, and the National Sol
dier's Home, and with many other agen
cies In the country, was abolished by a
recent act of Congress. Tho disburse
ments for the last quarter will be about
$338,000. which will be paid to nearly
NOTED ACTEESS DIES.
Miss Lansing; Union Snccnrabsj After
Operation for 'curttU.
Brooklyn. N. T . Dec. 3. Miss Lansing
Rowan, an actress of ability, who had a
company of her own and starred in the
West, and who also was with Annie Rus
sell and other famous actresses, died to
day after an operation for neuritis.
Miss Rowan was a native ot Batavla.
N. Y., and but thirty-one yean old. She
was nearly six feet in height and a
woman of great physical beauty.
Miss Rowan was tho niece of Lyman J.
Gage, Secretary of the Treasury under
McKlnley, and was a friend of the Presi
dent's sister She had a marked social
career In Washington, Chicago, Boston,
and San Francisco. She lived with her
uncle in Los Angeles, CaL. and left his
home to go on the stags In the support
of.J. H. Stoddard.
Prince Visits Kaiser.
Berlin. Dec 3. Crown Prince Ferdinand
of Rounianla arrived here to-day and
took luncheon with Kaiser Wilhelm. To
morrow he will confer with the Imperial
Secretary of State for Foreign Affairs,
Herr von Kederlein-Waechter, and other
German statesmen. Ha Is accompanied
by Gen. Albert Robsco, of the Roumanian
CAP1TAU.. .......-.... fAMM"
atraPLCs...... .. - 'imsm
BES0UBCS3 OVEB.-. ntOSC.051
It Is Not Only
of Your Money
that thii bank demonstrates
Its helpfulness to depositors.
IN ADDITION. It makes
sound, money paying Invest
ments for customers!
Issues Travelers Checks,
Letters of Credit, and Foreign
Drafts, available everywhere.
Buys and sells Foreign Ex
change at current rates.
Can we serve YOU?
PENV. AY&. pPP. U. S. TBEASDBI.'
W.B. Hibbs &Cb.
rNew York Slock Exchange. 7
J W aahington block exchange.
I Chicago Hoard of Trade.
LOCAL, SECURITIES bought
and sold on same favorable
terms as we offer for trading
In New York stocks and bonds
The Safest Investments
An thru- thit do nut fuctuate (Inrinc 1j.
turbftl omdilkmi of the raorurr or ttnrk roar
JVcti. First U?d ot tnut txAt (Art mort
cajtt. well w-ui-ed on rtil estate in tli DL
trirt of ( cJumlai coiutitate jiIt-sMe in
TtHtaisfnt Tt do not depen-1 nim the
jiunrul mioti-iUlity of Indivuliul ir or
tvtioni fnr Ibeir ttsvUlitr. M n fiem-t
Irctn Uxati'n ii rnonA proxvrtj Wc ran
mpfij such mmtmrou ia imrcEts from VCW
uj.irtL Send fur bucklet Concemire Loses
Swartzell, Rheem Ct
727 1.1th Mreet nrthrest.
M. A. C. PRESIDENCY
Board of Trustees at Meeting in
Baltimore Discuss Damage to
Buildings by Fire.
".,' Baltimore. Dei S.-Capt It W
is 7sSlUester. president of the Mar-
sj' 'sj'slland Agricultural College. tendered
17 . ! hlsi reslirnRtlnn to the board of mnnaeers:
of the college at the Hotel Itennert to-i
day. He had been at the head of the
college for the last twenty jears On
account of the health of Capt SlUeeter i
the resignation vvas an-epted. but. in
order to keep h'm with the coll-ce. he j
was Immedlatel made president emeritus
and librarian Th board also passed '
resolutions of regret nt losing Capt Sil
ester as th- president
Thomas 11 pente. Iie president of
the college waa made acting president
and a comm ttee appointed to recommend
the selection of a new president This
committee consists of Go GoldsboroJgh
Tlobert Craln. It V Skipper, and Frank I
It Kent lt will be e-ome little time be-j
fore the committee has an recotnmen-'
datlons to make, as tbe members intend I
to give tho select on long, and careful j
At the meeting to-da. authority was!
glen for the purchase of a number of
portable buildings to house the students .
until the new buildings can b erected I
It was stated that there will be no Inter-!
ruptlon in the studies at the college j
It is not thought that the arrangements
for the rebuilding of the college will be
compieiou until alter me next lgtsia-1
ture in order to na.e a largtr appropria-,
tion made for the institution I
It is said that the trustees of the school t
desire the State to make a lareer aenro- I
prlatlon In 1914 so that the burned build-
Ings of the institution ma be rebuilt
on a larger plan The buildings destroj ed
last week were fully insured, but the re
imbursements will not be enough to per
mit the rebuilding, according to the plan
wh'ch are now under foot
MEETS HORRIBLE DEATH.
F.xpert EIrsatnr Mnn Crashed
Machinery AVns Soon to Wed.
Hartford. Conn . Dec. 1 Trapped
the very danger that he had warned
others against on a hundred different oc
caslons, Walter S. Powers. thlrt-flve
years old. of Springfield
WhO was to
have been married Christmas da, was
crushed to death to-day by a new el
vator In a department store Power"
was superintending the Installation of
a new elevator, when his hand was
caught by the main pulley wheel on the
roof. Then his arm. shoulder, and finally
his whole body was lrresslstlbly drawn
Into the power machinery while he
cried plteously for help from his men
who shivered with fright on the floors
below, powerless to rescue their chief,
whoso blood dripped down past them.
Powers came East from Wisconsin
ARGUE NEUTRALITY CASE.
Austin, Tex., Dec 1 Tho constitutional
right of tho Federal government to hold
violators of neutrality laws prisoners at
tho wish of the President of the United
States was argued to-day In tho habeas
corpus case of CoL Pascual Orozco, sr.,
father of the Mexican revolutionary gen
eral, and David De La Puento. Both
are seeking release from tbe military
prison at San Antonio, where they are
held for their Mexican revolutionary ac
tivities. l'ope lilts at JTeTTspapers.
Rome, Dec. 1 As a final blow at the
movement to restore tbe right of suffrage
to Catholics under the new suffrage law,
the Pope to-day declared four newspa
per which have been leading tho fight
oto longer organs of the Vatican. It Ls
doubted If advocates of the reform will
make any further attempts to bring
CatUollcs Into tbe affairs of. the state.
REPORT OP T1IB COJIDITIOS
Continental Trust Company,
At Waaliiagtoa. In tbe District of Colombia, at tM
close ot boslncss. Korember 24, Wl.
Loans and (Hscoanta........ U.I7J.0O
Orerdrafta, secured and. unsecured 11 13
Bonds, securities. c....... ........ CLtSSM
Flrmltnr and fixtures................'... . 17100
lne from otner national banks. 2S7.2C OS
Cnecks and ether eaia ltema..... K77772
Exchanges for clearinff bouse. ...H 2,12191
Bills of other national banks.... 1,400 00
Fractional paper enrrancr. nick
els, and cents . 11144
Legal tender notes... .............. 103)00
Total S2.tO.T3 23
Capital stock paid in .. .. . ... ps.lto SJ
finrplns fund ... . 92.715 5f
Cndlrided proats, leas expensea and taxes
paid ..... UMna
Doe to national hanks . VA&A S5
Due to State aAd rrirate banks and bask.
era . . ... I2f.no 21
Doe to trust companies and sarlnga basks 1&.I23M
Indirtdoal deposits subject o check. WL4 98
Demanil eerttneates of deposit 44.15324
Savings deposits. . ...... s9,43)5J
Certincd cnecks. 25259
CaaalerA checks outstanding &SS4
Hesened for taxes anrt Interest 8.538 20
Total. .. t2.445.728 23
District of Columbia, il of Waahlngton as
I. CI1ARLL8 V V lllDEs;. Vies Presided o
Lthe abore-nained Bank, do solemslr swesr that tho
abate statement la tine, to tha best of mj knowledgs
CIIABLES W WAnDBN'. VIm President.
Snbacrfijed and ssrem to before ma this 3d dar of
II L OFrCTT Jr.. Kotarj PuWio
K B. hcrtt
3 Wm. Henrr
John f Letts.
Wm. R. Merrlam.
8 J. Trescott.
Allan E. Walker
C W Warden
F II. Edmonds.
W T Rallihrr.
W G Carter.
James. L Karriek',
B. J. Earcshaw,
Wm, If Bprigg
CnaJL J Tflnger
Thoa. L Melton.
Established lift. Tel. North tltL
S.H. HIKES & SON
1715 14th Street N.W.
Prices and Terms Made for Lota and
Washington. D. C. Philadelphia. Pa.
Cemetery Lota Bought. Sold, and
Exchanged. Cremation Arranged.
Best Service Guaranteed
All kinds ot wood, cloth, and metal
caskets furnlaned at moderate
Restored to Its natural color and
Vegetable Hair Stain.
A refined si I ntifl r medj for gra
bleaihed and faded hair can be
used w itho i 'lie slightest fear of
I U ir 'o tin hair or s alp Scld and
ret ommended in 'Wasiing o Iv all
O Iionn II Dr ig St s, or direct
from srf-hmltx Cheml al Co. Chicago
The Choicest the Market
Affords Can Always
Be Found at
402-404 H St. N.-E.
We cItf Herald S00O contest Tales.
K. (?; Vctes in Tb Uerald a COT rorc.
C Stops failles batr retlerea daodraS. soothes, A
L Carter's Laboratory Cx.
B Ocr label redeemable in 123 000 ccntest ft Q
ena rots lor each rxmv rcrreseoted la tb
retail ssle rrice.
Wa Glra Votes ia Tba Her-ld s E3.0CO Contest.
THIS WEEK'S SPECIAL
Or Z quarts for Jl 09.
QgH ROSENFELD'S, 218 Ai St. S. W.
t ....,. " ,
. w G"' Vct" " "" mW ' a-m Uct"L
THE X MAS LINE IS
J. A. BIRCH, 2153 Pa. Ave. N.W.
Cigar, New, and Novelty Store.
We cItc Herald KSJMO coateat votes.
1401 H STREET H. E.
lVAUHKETOV. TV r!
1 r. n Cl.lln. s; m... . ...
' school Suprrtles. Magazines. Periodicals.
1401 H STREET M. E.
I We Qli Vmcs m Tba Herald a C00O Contest.
LATEST AMD NEWEST DESIGNS IN
H.1695-M 1451 P SL N.W.
W arlT Herald tK contest srotesu
tvvvvHIMH If ?T
Tern yeara old. S1.S3.
4 Order by 'phone.
Alms TENNESsIEK. l-00 Dottla.
The Snoomaker Co.
i 1331 E Street X. W.
sj- Established 1SS3. 'Phoae M. llSSm.
Cold In Head
15th St. and Pennsylvania Ave. S. E.
Sit Glrs Yctti la Tht Uenll'i fgs.n Uojsi
-. U i J.ap.iJit. ' .'JlBSaaig5ft?i