Newspaper Page Text
THE WASHINGTON HERALD. WEDNESDAY, JANUARY 15; 1913:
Airnnirn rtf VT1IT1 I familiar with the Inner worklnc of the
(Till III l I I HI 1 1 I board.
WUson's Speeches Text for
Heavy Raiding by the
Bears No Support
LOCAL BANK ELECTIONS
President Fox Again Choen Sey-
exal Changes in Directories.
Baltimore Gas Rate.
Practically all the gossips of Wall
Street charge the smashing: decline that
Mocks -sustained on Tuesday to the two
speeches that Gov. Wilson has delivered,
one at Chicago and the other at Tren
The ignoring of political conditions on
the street could not last always. The
European crises has been acute but this
was not given much consideration. A
crop of over .500,(XjO.OOO-why worry, this
has been the cry-the attitude.
.Vow it changes simply because the
daring in the speculative field have the
whip hand, they can do as they wt I so
long as there is no serious opposition
to their plans and at present, the market,
unsupported by any of the trust millions,
that Msrgan and Baker have been telling
about, his gone to pieces fast, nor does
it look. Judging by the closing of the
trade on Tuesday, as if the bottom had
With the centralization of effort and
capital as constituted at this time there
is little or no chance for "unscrambling
existing conditions, without killing the
patient on the operating table.
This i the situation that faces traders
to-day. "As high as Hainan's gallows.'
to the contrary notwithstanding the stock
market is in a nervous condition and the
worst was in the last fifteen minutes of
In the entire list there were three ex
ceptions to the tale of woe and in these.
Mexican Petroleum. California OH and
Neckel Plate the advances were Incon
sequential while in the declines there were
all kinds of breaks extending fr6m i
fraction to 9 point.-. American Tobacco
receiving this jolt, while National Bis
cuit followed its serious decline of Mon
day with another ' points smash.
I'omnlinK Little Mrel.
Steel common and Copper were under
the hammer all day long and the way
they were sold was surprising even to
old timers versed in the ways of the
street. t"p to 2 o'clock they had sold
163,101 shares of Steel, probable all but
the odd 3,03 shares, short selling. It
a short eoveri-d he put the stock out
as-.il'! . -i.l apologized to himself.
Th- total al-s lor the day were but
TlM.Oftl shares and It was probably safe to
say that over '-uo.ono shares were of
Declines in the leaders were 2a2?l
points on the average. Copper despite its
hard sledding under Boston pressure In
ommon with many other stocks, lost
but Hi. Canadian Pacific slumped 3"i.
Air Brake generally slow took a a
mints header to lower prices.
Nearly all the gos-sip was Wilson
that's all. Then there was the fear of
radical aetion to come, fear of things
the street knew of and some that the
tr.iders wot not of, but dreaded Just
The possibility that Samuel Unter
niyer. who knows the game from a to
s becoming a power in the new "in
dividualized" administration was part ot
the Wilsonia or the session.
Boston and the Boston crowd, referring
In a general way to one Thomas Iawson
were accredited with being on the
market with both feet.
The official table showing the day s
fluctuations and the i-ales In each stock
is well worth the compliment of a thor
ough study as lH-lng of especial impor
tance. flinnue In UnnU Director.
The Mcl.ach!en Banking Corporation
added the name or John McKlroy to its
Dr. Harvey W. Wiley was aduVd to the
membership of the directory of the
Washington Loan and Trust Company.
Election at the Second National Bank
was harmonious and but one change
was made. W. II. Iljnnay succeeding
Fred S. Smith.
At the Rlggs National election two
new directors were added Joseph l'aul
and Robert C. Wilkins.
The Union Savings Bank added Arthur
D. Marks and Brainard W. Parker to
the director', while F. L. KIddons re
tired. Four new directors were added to the
board of the National Bank of Washing
ton R. P. Andrews. James Lansburgh. .
J. May. and A. It Ruff.
W. W. Bride, son of Cotter T.
Bride, and Charles J. Geckler were added
to the roster of the District National
William A. Mearns retires from the
National Metropolitan board and is suc
ceeded by Henry Leonard.
The X'nited States Trust Company
I'nlon Trust Company. Lincoln National,
Fanners and Mechanics National. Co
lumbia National. National Capital, and
American National made no changes.
I'rclueiit Fox Itrelectcil.
Once again O. L. Fox, the ever-popular
president of the Columbia National
Bank, has bowed his neck to the yoke
and consented to be president of the in
stitution again. Two days ago Mr. Fox
did not know whether e would again be
a president or whether he would be
able, to step down and out and take the
long desired and long needed vacation.
At that time he Insisted he was not
a candidate, but he has been "persuad
ed;' he has "consented."
Just whether Mr Fox has a string to
his acceptance of the honor and the
emolument, time will tell. His asso
ciates are not making any other state
ments than that ho has "consented."
With Mr. Fox re-entered, tho entire
Fox regime, not a man missing.
There were no changes in the executive
offices of any of the banks whose di
rectors met yesterday. There 'Will be
no new presidents, vice presidents, or
lashlers Just now.
It Is possible that there may be some
vacancies later on. and some appoint
"It was a quiet day everywhere, unin
teresting, save at the Commercial Na
tional, where tho proceedings, which
are elsewhere related, were Interesting,
and, contrary to general belief, the ruc
tion was thoroughly expected by those
' Baltimore Cos SO.
The Maryland Public Service Commis
sion passed upon the much mooted gas
question yesterday when they reduced
the price of gas by enactment to SO
cents a thousand feet, and electricity to
$ 1-2 cents.
The representative of the city made a
fight for w-cent gas but In view of tho
higher prices for materials, the gas com
pany fought against anything under SO
The head ot the gas company declared
that the cut would take JCOO.OuO a year
out of the company, but the stock re
sponded sharply to fact that the cut
was not moro severe.
The case has been bitterly fought.
Baltimore and Ohio Ilij-lit.
The Baltimore and Ohio 4 1-Is were
quoted yesterday at 97 7-S. 2 3-S above
the asking price, making the rights
worth 53.371-2 on each J1.000 bond.
Subscription warrants, entitling the
holder to subscribe for DOO or multiples,
and fractional warrants, entitling holder
to subscribe when presented In amounts
of IjOO or multiples, will be mailed to
stockholders of record January 24- Sub
scribers who do not pay the subscrip
tion price of K65.5 per $1,000 bond, which
Includes interest accrued, or $477.63 per
3500 bond In full on or before March 3,
may pay In the following Installments.
On or before March 3. S2S6.50 or SI 1X25,
on or before April 15. J2S6.50 or 1143.25, on
or before May 15, KST.C or H93.7L The
bonds will be dated March, 1. 1913, and
mature March 1, 1933. When delivered
they win bear a coupon for six months'
interest, due September 1, 1911 There
Is a good deal of interest on the street
as to what action the Pennsylvania Rail
road Company will take in reference to
the new issue of Baltimore and Ohio
convertible bonds. Owing to the Penn
sylvania's large Interest in Baltimore
and Ohio stock, its allotment of the bonds
will be considerable. The owners of
Baltimore and Ohio stock of record Janu
ary 23 will have until March 3 to de
termine their course.
There was considerable amusement on
'change at the action in Commercial
National Bank stock. It had been bid
up from 205 to 207 yesterday, and none -offered
at the close under 210. j
To-day the first sale was 203, then at I
M3U, then at 2U24. the same parties tig- J
urlng in tho transactions, the broker ;
who executed one transaction getting
the stock back at a lower price, and but
one 10 shares were really sold.
Only small lots of Gas sold, these at
M. with quotation lots offered at KM.
In all, shares of Lanston sold at W
In the bond list small lots of both
Traction and Gas 5s sold at 1101-2;
Potomac first 5s. 10J.
Dividends were declared on the Wash
ington Gas Company stocks, bonks clos
ing at 3 this afternoon, and on the stock
of the Eastern Light and Power Com
pany. (Additional financial nc
found on first page.)
NEW YORK STOCK MARKET.
New York, Jan. It
llish. Low. Clofie-
AUia Chilmew 11 rd.... Hi 1 I
Allia Chalmers pr. M pfd 5 44 4'i
Amalgamated CoKr 73 707 TVa
American Beet linear.:.... M. 3'i 33S
Ameriran Can. 34 2H 331
Amerlean Cm rfd 1I UW 113
American Car & Koundry. S2S 53 X
American atl 47": 474 C'i
American Certton nil 54 53 52
American Hide & Leather 4'a 4 4
Am. Hide A- Lrauier rfd. Z' S'i
AmericxQ 1 Seemitiea.. a 20'a J
American Llnweed 10 M) 10
American Isnecd pfd.... 30 30 30
American 1'OimotiTe. VH 40 W
American Malt 13 13 C
American .Malt rfd U SS
American Smeitins 70 CA. 69
American Smelting rfd... 10G' lOJj lavi
American Snofi 1574 787T lSTla
American Ste,4 Kdr 33 Z3 334
.Vmencun Snpir 115 115Ta UPa
American Tel. i Tel I37S 136 E6U
American Tobucro 3S8 76 77
American T. rfd. new.. 1 1M14 1014
.Vmerican oolli 18S 174 174
American Woollen pfd..-. SO Ws 74
Americiin Wall I'afer pfd 31 31 31
Anaconda 37H 3Pi 36S
Atchiscn 100 1044 1014
Atdiwin ffd JOI'i WIS UHt
AtUntic Vrt Line 130 134 1364
llaldain LocunotiTe 604 50 50
Raldwin LncomoUra pfd.. IM". 1C3-4 10F4
Baltimcre & Ohio 1054 1C14 1014
BarUipilaa Un 14 1 '14
Bethlehem Hteel - 38 3M, 35H
riethlehem Steel ld C74 66 66
B. F. Goodrich 61 63 63
Brooklyn Itipid Transit.. 904 a SHa
'aUfomia Petroleum . 634 514 334
Canadian Tacinc. 361 35 IW4
Oraitral Uther 37 364 3S4
Central Leather rfd 91 9i 94
Chesapeake & Ohio 77 73. Tii
Chicaeo A Orea' Wet.... 16 164 164
iTii. & Creat WW. pfd.. 314 31 31
Chic. II. ft St. P. UJ4 111S 1114
Chi.. 31. St. r. pfd.... Ml HI HI
Chi. & NorthwrMern 13t 13S4 1354
C. C. O . St L S3 53 53
Chino Con. Copper 411 41 41H
Colorado niel k Irco.... 2S. 31 31
CotMolidated Ras 13S4 1364 13S4
Corn lToducta IJ4 11 134
Corn Pmdncu rfd 76 754 754
Dorre rd 99S JOS 994
DenTer & Bio Grande.... 21 2Wi SDi
lk-tiTrr & Hio Grande pfd 384 384 384
rht. Sec. ir B"i 194
Kri" .-. 31 30 30
Krie lit ld 4S 47 47
Krie 11 M 39 39 3)
Ked. M. & 8. lid 41 41 41
Gen. Chemical rfd 1094 lOW 1004
Gen. Chemical rfd 109Z 1094 10S4
General Electric Co. IDS ' 183 . 182
General llotorx. 31U 344 344
General Motors ffd 18 78 78
tldfleld Cons 24 1 24
Great Northern l4d I3"i 127 EJ
Gnat Northern Ore. Bub.. 40 3S4 39
Gngsraheim KxrJ 49 474 48
Illinois Central 134 1264 1354
Imp. Onrir. 164 16 164
Inter. Met 174 174 174
Inter. Met. lfd. (14 CO CO
Inter. Harrester 108 1064 Ion
Int. Paper. 114 11 ll
Int. I'aiier ifd 464 46 46
Int. Pnmp. 164 134
J. I. CaM tifd 1004 W04 10O4
K. C. as. 4 M. nfd.... 774 TT.i 774
Kansas City & SVxrthera.. 254 25 23
Kansas City & South, pfd CO 594 594
Kresce Co. pfiL.. 10) 100 On
Lackawanna tteci 'i 45 4j
Lacledo Gas. 1034 1034 1034
LehUlh Valley 162 160H 161
Lies. & Mjert. 213 213 213
Lmc Island 42 43 43
Loose-Wiles 384. 384 384
Lowe-Wiles 2 ....rr SI 91 SI
Louis. & Nash 1394 138 13S4
-Manhlt. El 1X4 1304 1304
Bar Ip. Store 734 734 734
Mer. Jilar. 44 44 44
Mer. Mar. pr. 1SH II
Ilex. Petrol .. 714 6S4 70S
MUmi Con. Cop. UVi 23 23
M. B. V. JL H. a 31..... HO 1384 13B4
M., K. & 7tl. 27 254 25'a
II.. K. . Ter. pr. 614 594 59V
Jin. I'adSc. 414 40 40
Nash. & Chat. 170 170 170
Nat. Biscuit. 1304 118 118
Nat. En. & St. 17 17 17
National Lead. 42 504 504
Ner. Con. Cop. 184 18 18
N. T. Air Brake.. .....-. 764 75U 754
New Tot Cent. ........ MTU , 1064 IOCS
Jf. Y., C, & St. L. 584 384 584
X. T. N. II.' H 129, 1254 129
N. T. Oat. & W. 33i 31S S.
Norf. & West.- '. IBS 112 1124
No. Amerlean (14 (14 814
North, raofle. . IIS 1174 11$
Pic TeL Jt TeL ........ 42 J 40
Paciaa MliL 294 284 2(4
Pern. IL ..It K24 ISS 121H
reorJe'a Gas & Coal... 11(4 111 11(4
p.. a. a & st. l....... 103 ici 10s
Petlibane. M. pfd..... 98 W M
ritUbaxr Coal. .. . 23 22 22
PiUaburs Ceil pfd........ 994 99.i 934
P. LonBtrd Company..... 1334 1334 1934
Pressed Sttel Car . 31 31 34
rmsed Steel Car pfd.... h33. MO )0O
PnlTmin, Palace Car..... 1415s JU 364,
38 Quk-ksilTer pfd Vi IV 'i
an iuur atrei sixit-c sw s "b
IZEt IUi Con. O-tTrr. US 115 11
1M.X0 Heading KIS 1(1 IC-i
1,(0 RouihK lit pfd. SOS 9) SOS
M0 Itcadins; 3d rtf M SI 11
:.ojo iuu inn & mcti at 3; a.;
UM llcp. Iron Sled ltd.. Si Ci KM
t.OJO llork Island S1 2S W.
1J00 Kocx Island 1-U 2 I'i 4t',i
ZOO lUimrtj- - SO W KH,
3 Seaboard Air Line. 11H lS'i US
100 Seaboard Air Line pfd... K U M
-t S. L.. 8. F.. C. li I stock ST. KH 62.
mo st. u & southw'n rM... as wi nvi
1.000 Sears-Rot-burk - 2K 3)1 3)1
1&S00 Soatbcra I-iettc MS". 109 1G5-
4.103 Soqtirm ruiltrir -SU SN 36-i
XO Southern Kall.sjr pfd RAs nc. 791.
10O Standard Mlllii-z........'... i CTi Sii
3X1 Etndcbakrr 33 S- SSi
XO Tennessee Cc-pper 33U 35
X0 Tan k I'ac-lne. Zl'i -nU S'i
1.10O Ttui Ccmpanj ...... 1 1164 117
3.M0 Thud Ate. It It. 3JS 3S XX
GW T-rln I'ity IL T oCV 10S 100
200 Union Baz & rir (? 6 6
300 Union Btc & Tipcr pM.. SOA X'.i 36H
a.CCO Union I-irlflo. l'i 151H 156-4
900 Union Parlte pfd SO SOU OH
10 Unltrd Clir 43 4S
K Unltrd Dry Ooorli pfd.... 1O0H 10j lOGtt
401 United lUllvtj Iot 33 33 33
3CU United IUllwr Inr. pfd.. 61 S CI CI
SOU U. 8. C. I. IV A P. pfd.. 5SV B'4 Krti
MO U, S. Ind. Alco 40 40 40
XH V. S. KnL & Im n ilia 7U
3.103 U. S. Itnbbrr CPt Oii 3'
300 U. S. Itabbcr Ut pfd. IB'. 1C3U lttfi
2HO0 V. 8. Stert. l. 1S 3
4J00 U. 8. Stetl ld IK) 10514 1'
CTOO UUll Cbrper 54S E?; S4
400 Va-Cuo. Chnn 41' 1U 41U
100 Va. rtj. V. pfd 01 91 91
100 Wabash 3. i 3
90) Wrxtrm Mauland 40', 3M4
500 Wertcrn ilarjland rfd.... CO1 60 CO
X) VnUro Union TksTaU a". ' 71M nu
1.400 WcstlcslioUM Mrs. a 73'.4 T3.
1.701 Woolirortli 107 IXii 1C4H
3U Wuolirortli Ifd 113 ll HH
TO) Wn. & U K. Sil tl K'i IS K
3C0 Wliren.ln Central 47 47 C
Total le. 799.C10 harei. ajainrt 500,437 jottrdn,
213.'3S a ueek ago. and 394.700 a ear aso.
Copper I'.llKntj pfil. ...
.Smelter 14 Win. Central
Lead 'iUlr llrnke. . ..
locomotive . . . t iwnnl prd -i
Car Foundry...! I'un -
Cotton Oil lliuccenhelra . . .-',
Anaconda .... 't!So. Jty. pfil 2
Sugar Vi Utah Copper I4i
AtchUon I llrcl Sugar li
A. C. I S Ire 1
BraoMrn It. T..1 I'clc. t Tele, pfd, 1
Can. Pacific. . . .3i Wool, pfd i
Ily. Sprlncn. . . .2 On. Intbcr.,.1
Colorado Fuel .314 Vorlbnealcrn ..1
Con. ; IlilKrle lt 1V4
Denver lM'Papcr pfil. 5h
nutlllrrsj -XtThlril Ac 1
Krie IMiKaty l',4
Jen. Rice. .. 3 M I.I or 3i4
Great Northern ly.llli.cult S
fit. X. Oil 1'ilNorth Am. prd..
IlllnoU Ccn. . . .Ilill'aclflp lall 1
lutrrhnro pfd..: Illcalty 4
Ka. City So 1 IS. Paul prd ',i
I- . X lVltrp. Steel pfd..2Ti,
l.rhlcb Valley . SnurT 4
M.-Parlflc ( WotlBBhnuac . 1
C. A. I) !; Corn Trod. pfd. l'i
X. V. Ccn. -V. Miami Copper.. .16
O. A w 1 Snuff 4
.. AV Vn Clicno Cop. . .
Xlppcr 'A Can pfd 2V4
People Gnaw. . . ",i I.cebciI .4. .Mycm. -
St. laul ::m. Toll 0
Ilcadlnc :;INeiana Copper..
Hep. Iron A S. . 1 Ileth. Slccl ...24,
llubbcr Villetli. Steel pfd.. It
So. Itallnar .l'ltl. Con. pfd.j:
Itock Ixland . . . 1-WIViaK Oil 2
17. Pacific 2:Alllarexler 2
Slccl 2!- Western Md
ilex. Tet 1 IXIekle rlalc... V,
California Oil.. Vt
NEW YORK MONEY.
New Yk, Jtn. M.-CH money crenel 2"; lurh.
3 jt crnt; low. 2 pr cent, mmal, i r1" rent;
iite, 3 ir orot; ruling rt, 2 it tmu
Tfane money market r-maina terr d'lU and fcatcre
lrtf. TUtc are unchancrd at a.i iT cent for
jiiity ant ninety djy. tnd lT lcr c-nt few tcm. torr.
and six months.
Commerrial paiH i quiet and itnehtnced at S
frr rrut for the brt turner Iondi dirumU. IS
It ewjt uncbanid; Parw Aiamt. S7 rer cent
uiwdiauffM; Berlin dwruinU, 4' irr rent unrttneni.
NEW YORK COTTON.
nirnished by W. B. Ilibbs & Co.
ir.vn. lllzh. Lo. Ooaa
Mcrdi - 12.23 12.23 COI 12.11
May 12:27 12 3 t2.m 12.U
July 12.21 12.22 C 13.11
October 12.13 12.49 12.K 12.H
New York. Jan. H.-CIooini iuotatlco of
Va. dfd 6-nnmn Bros. & Co. ctfs
American T. & T. col. 4s.
A.. T. k S. V. enl. 4s
A.. T. & 8 F. rrt. K I960
Brookbn Rapid Transit Is
Central Leather 5s
Central radfle 1st 4s
Chesapeake i. Ohio crt. 4'ta.
B. t O. Joint 4s
icaw. Jin. i St. Paul 44s
ChkW hock Island A. l'acliiY'ca"is!"""" C34
Erie cnl. hen 4. 75
(lencra! Electric "5. tern. recelr4s full raid
Iran. Con. Con. ts. trm. rereirts M paid 104.
louisnlle & Nashrille nnined 4s.
Norfolk at Western cnn. 4s.
New Tork Kallways rfe. 4s
New Tork Kallways adi. Ss.
Orecon Short Line rfr. 4s
I'ennsylranU 34-. 1915
Ht. Lurus & Santa Fb iff. 4s ,
Southern l'acifio col. 4s
Southern Itailaar 4s
Third Arenue adj. 5s.
Union Pi cine 1st 4a,
L'nloii I'adflc crt. 4s.
U. 8. Steel a. f. 5s.
Vah.P. T. 1st 4a. Central Tr. ctfs 2S
Western Maryland 4a. SJH
ToUl sales. 32J91.0CO. airainst S2.19O.O0O yesterday,
2,591,000 a week ato. and $3353,010 a year ajot
NEW YORK COFFEE.
Furnished by 24. U Carpenter & Co.
, ..' 1402
NEW YORK PRODUCE.
New York. Jan., H.-MILLFEED-Steady; trado
slow. Bpriri bran. 28.S3:" standard middlinea,
2t00: Western red-doe. 28.75; winter wheat bran,
in 100-poond sacks, to arrire, 25.80; city bran, in
BVE Firm; trade b Urht. Western to trrlre,
is rained at about 704. c. 1. f track acd SUU.
BYE FLOUR Business InacUse: ixioea are
steady; sood to choice quoted at 3.50.1.03 In bar
rels. BUCKWHEAT FLOUB-Steady: business is ln
acliie. Choice nominal at 2.25a2JS for 100 pponds.
COBNMEAL Steady: dealinrs moderate. Kiln
dried, naw. for export. 3.15.3 JO; coarse meal, lu
bajs. L25 for old and 1.15 for new.
1IAY-Beccipt. L342 tons; stesdy; choice silahle.
Quotations are: No. 1 timothy. LlOal.124; stand
ard. 1.05: No. 2. LO3al.02H: No. 3. SEaOOc.
BTnAW-BeceipU. 70 tans; Crm: aurply l
meajer. Lom rye quoted at 100. Oat straw is
slow and tallies uncertain, possibly 60i65c.
rOBK Stead& intiulry i moderate. Mess, 1150
al9.00: famUy. .00a22.50.
BEEF steady: snpptiea are small and trade
quiet. Packet, 22a23; family. 2ta25.
LAltI Steady; inactlTe dealing rrinu West
mi. ULOSr refined Continent. 10.35; South Ameri
can. 11.10; refined Uraxllian. in Jiess. 12.10; beef
starlpe. 94c; lard sUarine dull; New York. 12c.
COFFEE Stiller markets were noted to-day in
Europeaan coffee -ctrclei, with BrazQ steady and
generally holiurz its own aa to prices. This waa
due to same bullish news regarding crop condi
tions In Brazil, toscllicr with moderate amounts.
of coffee for futures in all marketa.. And then
receipts at primary points wcra rather liffht.
The day's .prices were as follows:
Hlh. Low. CIcae..
Jannary ..... I3L23al3.33
February w.... .. ..... 13.33113 34
Starch ........... 1SJ2 13.47 l13Jlal3J2
April . ......... ..' . U tli36J
Iaj .. .
TiSt U',5 D.Wiun
WALL STREET GOSSIP
The professional trading element con
tinues bearish on the..industrla list on
account of copper .metal reductions, steel
trade slackening and tariff prospects.
Investment orders are reported in con
siderable volume under the railroad
stocks ulth a eood margin of earnings
It Is said a large number of bond is
sues are planned Instead of high Interest-bearing
Room traders &ay they find a consid
erable amount of selling on rallies In
steel and amalgamated copper, evidently
for so-called Investment account. '
"Never In many years' past has the
outlook for real currency reform been
so bright as at present." says u very
important banking Interest.
Conservative Wall Street firmj of
prominence are taking the stand that
even If trade slackens to some extent
now the 1913 volume of business will be
larger than 1912 on account of the prob
ability of renewed Impetus after tariff,
adjustment and owing to the enormous
advance orders for the next six months
at present on the books of large cor
porations. The private borrowing of Reading,
Steel. Copper, Smelters, and Union Is re
Jloler The, outlook is regarded now
rather generally as so uncertain that
there Is little probability of anything
better In prospect than slight and tern -
porary rallies at present. It was the
consensus of opinion after the close yes
terday that liquidation influenced chiefly
by the bad impressions created by Sir.
Wilson's Crncico speech of Saturday
night ivns the real cause of the slump,
and as we have another of practically
the same character from Trenton in the
papers this morning, the belief prevails
that more liquidation and further bear
attacks uill develop. -
Cut in copper prices stimulated little
new buidncss. and some authorities ex
pect further decline. London settlement
liegan to-lay. Public service commis
sion holds hearing to-day on forms of
contracts for new subways. Wilson an
nounces that he will select only progres
sives for his Cabinet. Xew Southern
Pacific board will Immediately take up
the matter of sale of Sarramento-Ogden
line of the Central Pacific to the Union
It was stated to-day that the Stanley
blll to regulate ownerships of railroads
cng.iged in Interstate commerce and to
repuirr railroads to furnish cpual ter
minal exchange and shipping facilities
to other roadi. will be given a hearing
before the House Committee on interstate
commerce on January 21.
llarrlman & Co. Utterances ofStr. Wll
Min and threats of renewing the war in
Europe are the depressing Influences on
the market to-day. These influences tend
to draw attention to the seasonal slack
ing up of Iiuslne?x. and make It seem
more Important than It really Is. Gen
uine alarm Is felt In some quarters least
Sir. Wilson's spei-chcs lie made the basis
of Important bear raids on the market.
With a falling off In steel orders, cop
per metal will tend to. decline in price.
Karly settlement of trie Union Pacific
Southern Pacific affairs Is expected. Lon
don ins Irregular but cheerful because
the new account begins to-day and the
declines of the last few days have dis
counted many of the depressing In
fluences. A rather iarcc short Interest
is outstanding In New York.
Without formal announcement to that
effect there Is believed to bo an under
ulandins that further active trust In
quiry or prosecution by the Department
of Justice will he left to the new ad
ministration. Thi Is hinted at by At
torney General Wlckersham. who had
two talks on Monday with Mr. McRey
nolds In rcgnrd to supplemental action
against the coal roads. Attorney General
Wlckersham considers that his depart
ment has n good record of trust prose
cution and he Is not !ncllnd to make
any rkv rocket display as he goes out
971, i of office.
KK. I Interest was aroused here by the an
95Vi i noauncenient that Samuel X7ntermyer was
r'",in conierence at .AiDany wmi uov. aui-
jj'jzer. over money trust legislation. It Is
lnr iirsi instance oi aiiempieu prac -
tliRl co-operation between the national
and a State government .to reach a com-
moil end by uniform legislation. This
latest move of Sir. Untermyer Is taken
here to indicate that he will seek author
ity to continue his work during the extra
seselon, as it would be very imprac
ticable to try to effect radical reforms
in. the remaining days of this season
which must necessarily be given over
to the appropriation bills.
Sentiment Is bearsh on the Industrial
list. It Is said the Boston contingent Is
selling the Steel and Copper stocks very
freely. The pessimism of the Street is
chiefly based on the so-called ranting of
Wilson, which are considered entirely un
necessary now after the campaign it
Evans Since the December break the
market has had what would be hardly a
nominal rally even allowing we are in
a big bear swing. It seems to have
again started definitely downward, .and I
will be much surprised If within the next
few weeks active stocks as a rule do
not sell considerably lower than the low
prices touched in the December break.
Liquidation was in eviaence ail arouna :
the room yesterday and the support was
Shotwoll The raid on -stocks
p. m. 'Is due chiefly to dislike
Mr. "Wilson's message as Governor of
New Jersey. It confirms officially
what he has been , saying unof
ficially in recent speeches and Is taken
as a cue to his action as President. The
stojk market does not fear the sub
stance "of his remarks so iriuch as the
apparently light-hearted way In which
he arraigns business In general. Big
business Is afraid that four years of
speech making from the White House
will result In many unpleasant misun
derstandings between the general public
and big business. Shorts show no dis
position to cover.
I-rlvato liondon cables yesterday re
ported a further break in standard copper
of about 1 pound a ton and that heavy
buying had developed at the low level.
The cables state that the prices by the
leading American agencies are unchang
ed at about 17H cents for electrolytic
There were '$57,000,000 new 44 convert
ible 20 year American Tel. & Tel. bonds
United States Realty and Improvement
Company report for December gross
earnings Increased $3,904. Net earnings In
The opening was active and lower and
liquidation has continued steadily In all
quarters throughout the session.. . At
times this liquidation slackened and short
covering would cause moderate rallies,
but these rallies were short-lived and be
fore long liquidation breaking out anew
would cause fresh declines. Active ,s-
sues, lost from : to 3 polnta Uirouthout
the, list Tobacco sold down 12 points,
regaining about one-third of this loss.
Steel common was the storm center and
sold overs points below yesterday's high;
liquidation In this stock 'Jbelng especially
steady and persistent. " Copper held
rather better than the other active Is
sues. Union among; the leaders which
was held, so well for so long broke be
tween 3 and 4 points. The movement ot
the market as u whole was very regular
and consistent and 'lowest prices were
made In the last fifteen minutes with
the tone very weak throughout
Cold rolled steel, shafting has been
advanced J3 per ton for mill shipment.
Sinning Is now quoted at W per cent off
the list for car load lots and 63 per cent
off for less than car load.
Chllds Fear of Wilion Is chief reason
for weakness. Course of market would .In
dicate that rome lmpoitant liquidation Is
in progress und that stocks are for sale
when market will take them. When
market becomes very weak, support
comes in and stocks rally until a new
basis fur selling Is found. Content,
Ilaruch and some bear operators have
been largest open sellen. They do not
look ready to rally yet.
The United States Realty and Im-'
provemept Company declared regular
quarterly dividend of 1 1-4 per cent.
A meeting of directors of the Union
Pacific Railroad was held this morning
and It was officially stated that only
routine matters were acted upon and
that nothing was done with respect to a
The copper market Is thoroughly de
moralized. The big producers are ham
mering each other in the foreign mar
ket, and buyers and sellers are timid
here. Little dealers are offering copper
at IS 3-4 cents a pound and less nd the
large sellers do not care to quote be
cause each succeeding cable brings re
ports of lower prices from abroad.
American Smelting and Refining is
reported to have dropped Its foreign elce-
1 trolytic quotation to 17 cents of one-
quarter cent under the price at which
the large sellers were holding earlier in
the day. It Is freely predicted that elec
trolytic will go to l 1-2 cents or 1?
cents a pound, and It Is evident that
little business will be doni until a
quieter market situation results.
BALTIMORE STOCK MARKET.
BALTlMOr.E CITV STOCKS IRrf.1.
Water it. 1J16 WIS
Annex s. 1954 T,
bceraso SVis. ISW) tPi
UAS AND rXECTItlC.
Balln. 13ec 5s (starnprd)
Baltn. Bee. pfd.. 50
Cont. (i. a. 31. Ss, K3
t'onsoL O. C. M. mi. 1954
C. C. E. L. i. V. C II. S. 1335
O. O. R. L. & I', cm.. 100
CO.tUil' Nute 41
C. C. E. L. P. 1st rfd.. KD.
BANKA AMI TBI'ST COS.
Continental Trust. 100
fidelity & LVrneit. 50
Merchanla & Mechanics Bank ..
InnHT Trust 1V. I.i
3tsr)land Trust men.. 100
National Bank Baltimore, 103
AtUntic Coast Une of Conn.. 100
L'rited Bailaar L. Klrslrle Co.. SO
lleorjja Jac. 1st 6s, B2.
lecrxia c Alabama Coo. fa.
3iicac Railway 3.
Char. Con. Br. O. i. E. U. )Kt
lair A; Clks. Trac. Sri.
Nerfiilk A: IVrtsmraith Trae. 5a
Norfolk RailnaT & Lirfit 5a.
.. .. 107S
.. X . 95W
.. a s
.. 113 1134
.. SB's 103
.. 115. 116
.. Ut ITS
.. .. 314
.. loo ras
.. 1 1234
I'mted B. i B. " 1st 4 ISO J44
Atlasllr Chast Lin U Ccnn. 54 (ctfa.).. 106
Baltimore Brick 5s
LUton Dock 5s
Ceo. Chal Kef. Cs S?.
Houston Oil pfd. (tr. etfs.1 654
IVnn. YT. Y. era 66.
l'enn. IV. P. 5a. SCt
CHICAGO GRAIN MARKET.
May 94i. 944 93, 944
July tl'i 90 91
May ........, 5Ti, S34 514 51
Jnlj STa 32", 32V4 524
Mr 3t'i 344 33 337.
Jnly . 34'i 344 334 33".
I'nrnished by W. B. Ilibbs t Orv
l-OBK Open. Uifk. Low. Cloaa.
Jauuary ... U.05 .....
3Iay H.fJ U.43 13.35 U.E
Jamiary -... 9 63 9.70 9.63 9.31
Mar 3.S7 9.90 9.S7 9.90
Jannary 9.77 9.77 9.75 9.73
Jlay .S 9.F7 9.K 9.S7
BOSTON COPPER STOCKS.
' lUJiemla ,
i .."i?r,.rT "
Maon Valley ...
North Butte 39
North Lake 24
Old Dominion r 494
Shannon .". 114
South Lake....- 6 '
Tamarack .' 22
United rniit .". - 174
Ulah Ccn 10
I Chamber Fcrland
I Cobalt Lake
I Cmot. nm
Kerr Use 2.80
La. Rose S.ts
McKroley Dar Sarsce - 1.57
IUfht of War. a
Trethnre? ...... -.s
NEW' ORLEANS COTTON.
Forolihed br X. L. Carpenter 6: Ca
Open. nilh. Low. TJid. Asied.
Janoarr EJ6 . Ii3l liS lia
March........ li"9 lit! H.B 1S ri3
Mar li ISO 11SJ lis lilt
Jul--. lia lisi lis liss rij
October. .. 1L50 liSO lis us utr
TO PROBE BRANDT CASE.
Gov. Salaer to Investigate Story at
Valet Convicted of Itobbery.
Albany. N. Y.. Jan. 14. Gov. Sulzer let
It be known to-day that he -xd been
looking Into the cue of .julke li
r,.- nnw .jkrvlnte n IhMr.VM. -.
tence for the alleged robbery of the Mor
timer L. Sclilff home, and that be would
be weltUnformed on its details when he
gives the public hearing which he has
granted at the request of Mlrabeau U
Towns for next Friday.
"I propose," the governor said to-day,
"to follow the policy of Grover Cleve
land, so far as applications for execu
tive clemency are concerned. Mr. Cleve
land never permitted any ono to write an
opinion for -him, bat made an exhaustive
study o( the papers in tho cases him-
WASHINGTON STOCK EXCHANGE.
Wasbmsun (las Si, CO at no's.
Capita! Traction 3s, KtO at UOV
x Capital Traction. 1 at.124. 1 at 123.
Washington Gas. 11 at 89. T at 13. at 3C
Lamlon. 4 at 90. 3 at 90. 10 It 894,. 20 at 83. 10
at S3. 23 .at S3.
Commercial National Bank. 10 at 203, 10 at 3Ci.
M at 202.
After call rouanae Cona. Ss. 31.03 at 103.
Lanston. 11 at 89. 17 at 89.
U. S. ret. 2. ............ 100 1914
U. 8. coupon 2a. KW. KIS
U. 8. res. 3a..... 1E 103H
V. & courco 3a. 102. K3H
V. 8. ret 4s. 1114 lll'i
U. 8. coupon Is.. 1U, UI4
Q Ad BONDi
Reorcrtown flas cert. tad. Ss............ 1C3 .....
Gcorzetown Gaa 3a. 103 .....
Washington Gas 3a.......
Capital Traction 5a.
Anacoitla A: Totcmae Ss.. ...... .. ...
City Jc Suburban 3a
ColnmUa a TO)
Columbia a - 191
Metropolitan Ss 1CI
Wash. By. & Hee. 4s. M
Wsab., Alei. 4. ML Vernon Ss.
Potomac ElectlV." cons. Ss 10)4
I'Dtnmae Eleetric Light U Ul'i
C. & T. Telephone 5. 101
American TeL TeL 4a. - IM
Washington Market Ss. 1327 100
Waahlngton JUrket 5a. 1I7 . 100
Washington Msrket Cold Storage Ss 100
Norfolk k. Washington Steamboat Ss.... 104
Biggs Bealty Ss (looll 10?i
ltlgga Itcalty SW (short) 100
PUBL1U UT1L1TI STOCKS.
Capital Traction. Kt
Washingtcn Bailway A. Electric com.... Ci
Washington Bailway Ic Electric pfd
Norfolk at Washington Steamboat..
Eastern Light t Fuel - 1U
American TaL & TeL US
TrTE UACHINB STOCKS.
tfergenthaler Llnotjpe -. 2174
Lanston Monotype. 864.
NATIONAL BANK STOCKS.
Commercial - -- 332
District .-..... 113
Farmers Mechanics - 21S
National Bank of Washington 2t3
TBUHT COMPANT STOCKS.
American Security 4L Trust 303
National Parings 4; Trust. 2C0
Union Trust...... . .......... 137
Waahinztoo Loan k. Trust 2M
United States Trust 138
SAVINGS BANK STOCKS.
Unlro .""..". J"
Bank of Commerce and Satincs 124
East Washington , 134
FIRE 1NSUBANCB STOCKS.
Arlington - 1
Firemen's - - 1
German-American - 260
National Union ... 7
TITLE INSURANCE STOCKS.
Ileal Estate 54
D. C. Pai Mlg. Co- 13
Gra4kOtJiono rem 0
Graponphooo pfd - - 73
Security Storage 214
Washington Market Kit
SAUNDERS HEADS BANK.
Snsinrgw at Anmull Slccl InK.
At a meeting of the shareholders of
th Park Salnss Bank, held last night.
William II. Saunders was re-elected pres
ident; lxwls E. BrueninKcr. vice presi
dent; V. II. Klopfcr. vice president:
I- V. Estts. vice president, and E. S.
The board of directors elected follows:
Wado II. Atkinson. Iwis II Brueninger.
Frank W. Bolgiano. Charles S. Bundy.
Joseph V. Cox, U Whiting Estes. Ed
ward S. Fawcett. Ward A. Fitxslmmons,
Charles E. Gross. W. S. Hauer. C. Fran
cis Jenkins. Charles V. King. Jr.. Walter
II. Klopfcr. Norton 31. I.lttle. C. C.
3lurray. Peter J. Nee. t.eorcc II. Peters,
Samuel J. Prescott, Arthur T. Kamsay.
Inaac H. Saunders. William II. Saun
ners. Thomas Somervillc. Robert S.
Stunz, William B. Todd, and George E.
LORD PAGET TO WED ACTRESS.
Pretty Gitrty Girl tn Become
Ixmdon. Jan. II. Lord . Victor
brother of the Marquis of Angles. Is to
be married very quietly on Thursday to
Miss Olive 3lay. the pretty Gayety girl.
Only the Immediate relatives of the
couple will attend the ceremony.
3Ilss May's Hnal consent to the mar
riage was only obtained fin the strict un-dt-rstandlng
that she should be welcomed
as a member of the Paget family. So
well has she passed the critical social
examination that the maniul. as head
of the family, has notified her that he
Intends of his own volition to make a
substantial settlement on the prcUy
Lord Victor does not intend to. nor
can he. lead on Idle life, and directly at
the conclusion of their honeymoon he will
enter the stock exchange firm ot Bourke.
SchlfT & Co.. which already has a mem
ber of nobility on Its staff in the person
of Viscount Acheson, who married Jlil
dred Carter, daughter of 3Ir. and 31rs.
John Ridgely Carter. 3Ir. Carter was
formerly secretay of the American Em
Lord Victor and his bride will make
their home in a small flat In Kensington.
Uenr 'Would Lenil lu Air.
Berlin, Jan. II. Russia's ambition to
become the first "air power" of Europe
waa revealed to-day in a dispatch from
St. Petersburg, which stated that the
Russian government had placed orders
for 116 military aeroplanes. Sixteen of
the aeroplanes will be equipp,.-d with
quick-firing guns. Others will be of es
pecial armor plate, to be used as scout
machines. The government is drafting
men especially fitted by nature for av
iators from the ranks of the army for
training in the aviation school.
Twenty Saved from Flnmrn.
Boston. Jan- 14. Twenty girls were
taken from the six-story building at
17 Atlantic Avenue to-day. by the ele
vator that was heroically run by John
Dlgglns, while a fire spread among the
oil and other Inflammable materials on
the fourth floor. The fire started In the
plant of the Whlteraore-Wright Com
pany. It burned through the floor above.
The offices of the British consul are on
the top floors. Three alarms brought
most of the Are apparatus of the down
town district to the scene.
Hlgb.wnyliieia Ai-o Jienteneeil.
White Plains, N. T.. Jan. 14.-aunty
Judge William P. I'to" this afternoon
sent three of the four blghwaymcn who
figured lri the sensational hold-ups on
John D. Rockefeller's estate at Pontlco
Hilla last September to terms in Sing
Sing prison of not less than nine years
and six months and not more than fif-
tee years and six monins. ane inreo
men sentenced are John Pugliese. Gas-
" r..;h Carrera. Frank
jSiuiTthc leader, was remanded nnUl
leSSlllI, lav sea"".
Falllnsr Rock Kills Four.
Galena, Kans., Jan. It William Archer.
Dick Vlckery, George Wright and Monte
Macon were Instantly killed and Ivan
Leisure fatally injured this afternoon
by the fall of VO tons of rock from
the roof of the Hartford. Mine, south
east of here. All were married except
Archer, and leave families. Twenty
other miners narrowly escaped death un
der the slide of ruck. Dynamite was
used to recover the bodies.
Your Idle Funds
you a steady and sub
stantial income if depos
ited in this company's
We invite accounts of
every size and PAY IN
TEREST on deposits sub
ject to check.
The Washington Loan
and Trust Company;
Cor. 9th and F Sts.
JOHN JOT EDSO.V. President.
W. B. Hibbs & Co.
f-New Tork Stock Exchange. .
Members..........! Washington Stock Eiehsni-. I
Lchlcago Board of Trade.
I.OCAT; SECURITIES boueht
nd sold on same favorable
terms as we offer for tradlns;
In New Tork stocks and bonds.
The Safest Investments
Are those that do not Suctoato during dis
torted conditions of the money or stock msr
kets. First derJ ot trust notes (first mocU
gsgesl, well secured on real estate in the Dis
trict of Columbia, constitute "gut-edge" In.
eatmenta. They do cot dorrnd upon the
f-Uindil mrxnsibiUty ot lcdltUoali or cor
poratloca for their stability, and are exempt
from taxation aa personal protxly. We can
supply such lnreatments In "tii from 33DJ
cpwsid. send for booklet. "Conctndng Loans
Swattzell. Rheem d
737 ISth Street Xorthrrrrt,
We have issued a special circular on th
above company which we will be glatf
to semi upon request.
Mnndard OH Miiels
IttT'.re . -i l . - -11 .. tsin , nr market '
J. K. Rice, Jr. & Co.
Www Th i :rs lUn.fr .- AV - -t X V.
a:m,i. uki'oi.t or the
Berry Hill Mineral Spring Company
A C3T,'1,r -- taX-'Tf-o'.jtf.i nittkr tn- 'iWi f v
tH-anrt cf ("Wnriibu. to Jn ttiy t--
rapttil i jD. '!
Amunnt of t-h .-4rtJ 'iD Q
The trt-ir tok i Utd by tmtt
ic:rc a U.n r4 '- i
Amcnot uf iTtitfnc JebU Vi
i SILVKV. JWrwan Trctaurr
Pofw-nalK aprnl lfure m-, C Siti
Srmtarjr and Ttwwitt, . W. Y, 4'mjnii -.
IYrHtmt. -.f th lVtrr Hill Mineral S(tinr Cn
rnj cf Viicf-ii. ami ht-ixsz dil s)ni mil wh
that Ue fnf.CT-w'S jtatrtnnt u cr?nTrt tu tbr l-
of ttvf.r knew dze nU Whff.
l.iTrn umlfT m haivl ihi 12tli daj of Jeintt .
Seali W. A. TOUT-XL
Iiul ilrrt r4 Oilpcprr nrrrtit Ci-n'
American Security and Trust Compasr
rOMPTROM.EK 111 THE ClT.REXrY
For tl tear .tided Heo-mber 31 l!i n n
by the llli srr-ico of tLe act i f igr ts a.ue'i 1
llrtobe- 1. ISC
.Vmonct t espial full paid &4V1- )
nrplas ACQ .CO 3
llerts' prnst..! fend re-ne-.r; S : W
Indlled rrodtt. net ? d
Interest and tax nrsene..,. S,5ed.3
Strsks. Wnds. ami vtlier inrrsttnnit.
P-irtinS hotter. sanlUt. furniture
Other real clati owned
fas'! un hand and in backs.
i 35.001 SB
. J. HULL, l-redent
Attest. JAMES V III Mill. Serrctarr.
James St. Ilreen.
Frank I! Nfjes.
If. S. P.eirfe.
narencr F. Norment,
J. K. JlfUjn.
f. K. A lies.
Henry II Flat-Vr.
Win. J. Flail r.
Mjrcro 51. I'arier.
. R Ilurrlelt
J. I. Voxi.
lbsrles J. 1411. -resi-.nt; James F Hnt-I.
rrcntar-i. ami Howard . Reeldr. Oircnran Thorn,
and llenrr F. lUint. ilirertor. uf tfe AM)RII AN"
MIU'CRITY AXI Tlll'ST COMPANY li birebr
-t'lcnuilj swear Hut the aiicTe statement U true t. J
tlie best of cur konwUdr- an,l l-rllrf.
CIURI.BHJ BKI.l. l'e-i.lent
JAMBS I. HIXIIl. srmuil.
IIOWARP S. ltWSlDE.
IIE-MtY F. BLOUXT.
Ihj-triet of Colnmbla. v. :
Hwom and sntneritiod before me this uta dar of
Jannar. A. V. IJU
XoUT PnMic l. C
Total number of dirseOirs of this cr-mpan' . P.
S. R. WATERS IS PRESIDENT.
Olllcerx nnil nirectorn of Scienllt
((reet Sat In- Unnlf Elected.
Ti.a Atftr nf th Seventh Street Sav
ings Bank are Samuel R. Walters, pres
ident: A. H. Plugge. first vice president: i
Harry KaufTman. second vice president
Ralph E. Burgess, ecetao: John H.
sin...nHs n.M.p' JT. Pvtnn Torhert. As
sistant cashier, and Charles S. Shrcve,
The directors elected were Henry o.
T:Ariin rii- W. Thomnson Rurch.
Ralpli E. Ilurgess. Wllloughby S. Ches
le. Charles W. Fairfax, Isadora
Frcund, John . uregg. Thomas lieany.
riarrj iuihi. ,... v .,a,i,uU.v
Isaac Ottenberg. Rodger O'Hanlon. A1-
exander II. Plltt, August II. Plugge.
Henry J. suipperi.. -i.uu.ries o. onreie, jr..
x mil'.-. .,,. . vw... &.. ,,w...u0.
John F. Weyrich, John R. Wright, Som
erset it aiers, uoan rs. rtocca.
CASTOR I A
For Infants and Children.
TbB Kind You Ha.s Always Bought