Newspaper Page Text
THE WASHINGTON HERALD. THURSDAY. JAISTUARY 16. 1913.
C. T. WILLIAMS
Is Succfiededln Firm of Lewis
Johnson & Co. by Ben
BANK RAISES DIVIDEND
Home Saving! Buyi Property Unus
ually Big Grot of Local
II, I. A. I'J.KMIXG.
Cliarl.'S T. Williams, who for the last
oicht years has been ii member of the
old and time-honored brokerage and pri
vate banking firm of Iwis Johnson &
Co.. yesterday disposed of his interest
to his partners. J. V. Henry and William
For two I ears Mr. Williams' health has
been poor, and durinR tlie past year he
hat. leen at the office of the firm only
periodically, spending much of his time
resting and convalescing.
His long career in financial A ashington
as a banker and a stock broker, as well
as his. cheerful disposition, have made
him many close friends. Keen regret
is expressed that he has felt it necessar
to take a prolonged rest, and his return
to the activities of business will Iks wcl-
O T Williams was cashier of the West
Knd Bank, and brought about the con
solidation of the West End Bank and
the Citizens Saving Bank years ago. He
is a director ot the Georgetown Gas
Company; also Its secretary, and has
been prominent as a shareholder in the
Washington Gas Company, and interested
In trartion lines in the early years or
treet railway endeavor In Washington.
"I have faced a number of panics on
Wall Street and In the country." "d
Mr Williams, "in 1901. 1903. and 1S07. and
have passed safely through these strug
gles I am not a well man. and I owe
it to myself to rest and to avoid the
responsibilities of the year 1913-
"While I am not pessimistic nor look
ing forvany serious trouble in 191 tne
change of administration and the con
tinued enforcement of the Sherman law
and disturbance of business is bound to
make it a crucial year.
"I am not through with business I
have been in Washington fifty-eight
years, and will make connections on my
return, provided I come back a well man.
I leave the old firm with the friendliest
feelings for my absociatcs, regretfully,
but believing it is necessary and best
that I should."
Mr. Williams will not retire from the
directory of the Georgetown Gaslight
Company, and he will retain his seat on
the local Stock Exchange.
Hen "Woodruff in Klnii.
Ben Woodruff, the popular and peren
I fal president of the Washingtpn Stock
Exchange, and one of thebest-known of
the younger men of the town, who has
been with the firm of I.ewis. Johnson -&.
Co . for several years, was admitted to
tl.e firm yesterday. Mr. Woodruff rep
resented the big Wall Street house of
Post & Flag for a number of years, and
when he joined the Lewis Johnson &
Co. forces. Tost & Flag were made cor
respondents. W. A. MearnH Is the New lork Stock
Exchange member of the firm.
Mr. Woodruff will be warmly congratu
lated when lie goes on change to-day and
the Kindest expressions of regret will
be heard that "Charlie" Williams, good
naturcd and happy, is to be absent Jrom
the dally sessions even for a few .months.
-Vnlilnc" s.onn nnd Trunt.
The Washington Loan and Trust Com
pany directors met yesterday afternoon
and re-elected the entire roster of old
officials, holding to the long established
principle of retaining faithful servants.
In considering the matter of dividend
increase the directors decided to make
the payment 2 per cent quarterly, or on
an S per cent basis, with the under
standing In the board that, should 1913
be a prosperous year, and the earnings
of the bank warrant the payment, .an
extra dividend of 2 per cent would be
paid the shareholders early in January
1911. This would be an Increase of from
7 to 10 per cent.
A matter of SM.O0O was set aside from
the earnings to the surplus fund.
The Washington Loan and Trust Com
pany earned 15 per cent on Us stock in
1912. Since its organization it has paid
Jl.CS,477.ra In Interest to Its depositors
and J1.2CT.500 in dividends to its share
holders. The action - in devoting SM.000 of the
earnings to the surplus account now
makes that fund J1.000.000-exactly the
size of the capital giving the bank ad
mittance Into the magic circle of the
gold mark, "honor banks."
Home Saving Ilnya Properly.
The Home Savings Bank has purchased
for J77.0W the lot adjacent on tbe east
to Its banking house at Seventh Street
and Massachusetts and New York Ave
nues Northwest, formal title having just
passed from the former owner, Edward
The lot and Its building, now occupied
by Stumph & Lyford. is of irregular
shape, about seventy-five by eighty feet
It is now occupied by Stumph & Ly
ford. who will continue to us it. though
the property will ultimately be used to
-narse the office facilities of the Home
B. F. Saul, president of the bank, said
last night that lie expects the bank will
need the newly acquired property in two
or three years. The use of the combined
space on the main floor would give the
hank about 10.000 square feet of floor
Cuntlnrnlnl Truat Coiiipmij .
G. W. Huskc. G. T. Scott, and Owen P.
Kellar were appointed a special examin
ing committee of the shareholders of the
Continental Trust Company to make a
thorough examination of the assets of
the company, the conduct of Its busi
ness. &c. making one report to the direc
tors and a duplicate to the Comptroller
of the Currency.
The committee made an exhaustive re
port, covering every detail, even to $103
overdrafts, and found the corporation. In
ship shape, making full headway, with
systematic efforts well directed; com
mending the bonds- and other investments
of tlie company, and congratulated the
shareholders on the good'condltlon of the
Special attention ,ls called to the splen
did showing of earnings for the year
;iO,32S.6) net on an average capitalization
of SKSUWC '
Will Trjtvel nnd Vacate.'
It' is understood that the associates of
President Fox. of the Columbia National
Bank, have made remonstrances to him
anent the long life habit of sticking close
to business, and have urged that he va
cate, long and often, taking chances that
other officers will do their duty under
lis presidency Just as they have for years
him of much 'of the routine which ho has
pas'f. "while at the same' tlma relieving
heretofore watched with strict attention
todctall. J !
It Is understood that Mr. Fox will do
as his conferees suggest.
C. & P. Telephone Heport.
Frank K. Bethel), of New York, presl
dent of the Chesapeake and Potomac
Telephone Company, yesterday trans
mitted to' the House of Representatives
the annual report or 191! of the, financial
operations of his company. In the' District
Receits's on servant of oprntkma In tlie
District or Columbia, in ISC Sl.euX.SS
Expenditure on account of operations in
tbe District far the iimr period:
Orcratinc eiprusea (central office oner-
attain pay station commissions, diree-
toriea, adrertisinc. canrassinr. and cot-
General admloistratire espensea and taxes. .713
Maintenance expenses... 571,778
Rental, polo and roof attachments, anil
Olridenda and interest. 4C.I3T
President Scott, of the Continental
Trust Company, has been elected presi
dent of the board of trustees of tlie Jane
Bay Home for Orphan Boys of Balti
more. Jane Bay was a relative of Sen
ator Scott, and left an estate of $200,000
to S3O0.00O for the'home.
The trustees are ,not In possession of
the estate as yet. but will tie In the near
future. It is Senator Scott's Idea to se
cure a farm of considerable acreage and
to erect thereon a suitable home.
He believes that an agricultural edu
cation will be more beneficial for this
class of boys and much more practical
than -any other course.
It was n gala day on the local exchange
yesterday. Commercial Bank stock dom
inated, and the operations were more
or less pyrotechnic, with the price "set
tling to $200 a share, and with this price
bid at the close "for any part of 1,000
Washington Gas sold at M 1-4 cash,
and 51 5-SaS4 3-4 ex-dividend. Potomac
first 5s brought 105 1-4. and Steamboat 5s,
Sales of Railway common were made
at SS, and tho preferred at 91.
Chesapeake & Potomac Telephone is
sold at 105 l-S. and Railway 4s at St.
There was a moderately large business
in Lanston at 8.
Union Savlnnja Election.
Directors of the Union Savings Bank
met yesterday afternoon and elected of
ficers, there being but one change in the
list. M. IL Winter succeeding William
II. Lynn as one of the vice presidents of
the institution. The other vice presi
dent Is S. W. Woodward and E. South
ard Parker is president. C. I Bowman
was elected cashier.
Hiinltnble Life Klecton.
At the annual meeting Tuesday trus
tees were elected as fololws: William
A. Bennett. George J. Bossier, Henry P.
Blair. August Burgdorf, Allen C. Clark,
A. P. Clark, jr.. W. Gorgan Gardiner,
Edward E. Rapley. William H. Rapley,
M. D. Rosenberg. Joseph Sanders. N. II.
Shea, Luke C Strlder, J. S. Swormited.
and Henry K. Willard. The trustees
elected officers: J. S. Swormsted, presl
denta; Henry P. Blair, first vice presi
dent; William A. Bennett, second vices
president: Allen C. Clark, secretary;
Gilbert A. Clark, actuary; M. S. Rosen
NEW YORK STOCK MARKET.
New York. Jan. IS.
1.1BJ AlIls-ChaL 31 pfd. m 1 W
3X) Allls-Chat. pfd.. SI fti.. 4'i 44 H
SO Allia-Cosi M pfd 31! J4 3H
30 Allis-CbaL 3d Iji lit.... lr. Ct 1T4
JMi Amal. Copper 34 n'i TPi
3)0 Am. At. Ch. pfd 58 9Ti 9Ti
1.70O Am. Bert Sujsr X 33'i X
S.4CO Am. fan 1TH SV SU
rW Am. Can pfd "34 11414
9M Am. Car A Fdrjr..- 5Z. Jl. Si
101 Am. Car A Kdry. pfd.... 116, lid. 11SH
3 Am. Olties. 4Tj 4rs 474
MO Am. Cmt Pr. pfd 109'. 109', 094
l.M Am. Cotton Oil h S K
WO Am. Exprf 1(T4 id IC
3 Am. Ice. Sec 21U a TIU
0 Am. Unseed 10U 10 Wi
l'O Am. Linsird rM- 31 31 31
8nQ Am. Uromotire .... 39 33 35
K0 Am. tocomotite pfd 105 m i'S
ISO Am. Malt pfd. 34 &' STi'
S.STO Am SmeUin :' 6S Wi
1.700 Am. Siuar. lit 113', IUU
X) Am. Sosar rd .'.... 1154 115 115
MOO Am. Tel. & Tel 1364 IBS 1314
400 Am. Tobacco 21 rs 2VU
100 Am. Tobacco H. new... 1014 1014 1014
100 Am. W. Taper p!d 304 30, 30V,
3330 Anaconda .-. 37 3C4 X
MOO Atchison 1M4. 1014 lOrt
700 Atlantic Coait Une CSV, 134 134
100 Baldwin LocomoUre.. ..50 SO 50
500 Baldwin Locomotire pfd.. 103', lOTs lOTs
UDO Baltimore & Ohio. 105 1C14 101
1.&D Bethlehem Steel 27 354 364
400 Bethlehem Steel pfd.... hi, t?i (A
300 B. K. Goodrich 63 C4 624
an B. F. Goodrich pfd US 105 10S
3.500 Brooklyn Rapid Transit.. tSK tB S9H
100 Brunswick I; TV 7
5,000 CaL Petroleum 33 514 524
310 Cat. Petroleum pfd. . .. H J4 SI
5.330 Canadian Pacific. 2134 2114 2134
300 Central of New Jersey.... 362 361 3!1
100 Central Leather. 264 364 264
100 Central Leather pfd. W 91 .
MOO Chesapeake & Oh. 7P, 73i 764
300 Chicago Great Western.... 16. 164 164
2D Chi. Great West, pfd 33 32 SS
!,2J0 Chi. MIL. tc St. Paul.... 112". 1114 1124
159 Oil. & Northwestern 135V 135 UG
103 CCQ.Il St. Lv 53 SJ S3
O.aa) Chino Con. Copper 4J4 ll'i K-.
600 CoL Fuel i Iron 32 31 31
900 ComoL fia ". VX 136; 137Vi
3 Denrer & Rio Grande.... 3 25 2
1.CCT Com rroducti 134 13 U
1C0 Den. tCli. pfd 374 374 374
100 Diar. Securities. 19U Wi 19Vi
Um Eris JO'S 30 304
500 Erie, 1st pfd !, W V,
100 General Motors............. 33 33 33
2.601 Goldfleld Cons 24 2 3
I.C00 Gt. Northern pfd 137V 126 IT
00 Ot. No. On sab 35 3S4 354
TOO Gngsenheira Err 4SU n 4SU
100 Int. Acrlenltnral pfd 864 SS4 ?
1.100 Insp. Copper KT, 14 164
SCO Interboro-SletropoIUan ... 174 174 174
2.C00 Inlcr.-Mctropolitan pfd... 604 80 6014
K International Harrrster... 107 0Ci 107
1C0 Intrrtisllonal Paper. 114 114 114
3D International Paper pfd... W4 K4 464
100 J. Kaiser. ECU
500 Kan. City So S 234 -25V
ICO Kan. City & Bn. pfd.... CO 00 CO
200 Lsclcds Gas 103 1034 103
S.J0O Lehitfi Valley. .11 134 1(0
500 Ltxtttt & Myers.. 31 213 211
TTO Lourrine Nash 1394 134 1394
100 Mackay Cos. a-, S5 35
100 Mackay Cos. pfd 74 674 674
33 May Dert Slore.......... 4 734 734
m -Mer. Mar. .-. lit Hi m
101 Mer. Mar. prd 1J 18 W -
2jno Mexican rwrol 71U 694 Tl
TOO Miami Con. Cop. 234 234 23V
103 Mm. A St. L. 214 ZIH 214
ano st. s. p. & s. s. m iss'i isn, lssv
90) M.. K. ft Tex 26; 26S 56V
U00 Missouri rscule...... II 40U 41
O0 National Bisrnit 120 1114 130
200 Nat. En. St' 164 K4 MO,
800 NsUonal Lead 514 504 S0,
30 Nerada Con. Cop Is4 Wi 18t
800 New Tork Central 107 106i 107
.too- n. r.. a t st. t,. csi 3 a
130 X. V.. OnU A W. , JI4 , 314 214
100 Norfolk & Western 112 112 IB
103 North American 804 ,8:4 W.i
100 No. O. Tr. i U t WV 7JV
5.7CO Northern race,...... 1114 1I7U 1US4
TOO radflc TeL Jtt 404 404 tVi
l.S1 Penn. It. H 122V 104 IShk
100 rcoria k. Kast. 114 ,114 114
103 People's G. A C.. ....... 1134 1154 1154
200 r.. c-a & st. I......... loov 100 in
100 Pettlbone Mnl -...... 274 2ni 2714
630 PitU. Coal. SV H4 Z1V
8 -Pitta. Coal pM..... ...... 80 B 83
200. r. LorUlard Co.... ..:... 190 190 199
too p. 8. cor. of N. J irr ii7- lrf
100 rnlnnan Palace Car...... 163 163 J61
203 Qnirksilrrr rfd -Vi 4'4 44
i.wo Bay Cim. Cvp.ar. .. Vfa V Wi
Keadinc ... ....... "Ms ltlV. 1624
BepubUe I., A. s'pVi'l'.'.'.. 13 824 S24
llock -Island. ...:...;.... 23 a H
Uock Islsnd pfd..
Seaboard A. U .
Sr aboard A. I, pfd
st. u t s. r. a ia
St. L. t S. W. rfd .,,
i Soatbrra rariftc..
Southern Itallsay 26V
Southern Railway pfd..., ?4
Standard Millin X'.s
Tennessee Ciri'er... 35
Trias It Pacific...!.....'.. 214
Texas Co. 1174 116
Third Are. K. K....... 374 274
ToL, St. L W. pfd 34
Tin City'K. T. MS
Underwood Typewriter.... 971i
Union rarilc 157V
Union 1-sriflc pfd 90
U. B. IlcaL & Im 74
Un. Ry. Iot. pfd
V. B. C. I. P. & 1'.' pfd,
U. H. Rubber 63Ti
U. S. Kubber 1st pfd.. M6V
U. S. Kleri
U. S. Steel pfd.
Utah Copper. '.
Va. Car. Cbem..
Wabash pfd ,
Western .Maryland pfd.
Western Union Tel
Wrstinshous II f J
Wh. A U E
Wisconsin Central 474 46 46
1 sales, S01.42B shares, against 790.010 yesterday,
a week aco, and 325.537 a year axo.
604 60!i eS4
... 109V lOCKi
... G44 53,
NEW YORK MONEY.
Nev Tork. Jan. li Itcaer on nil en tbe ttoek
nrfunim to-dir oncd at t per cent: hkhoit. 3:
locrn. T: cloaioz. 3 CCT crnt. Most of too dar
iwum wen TOMQft at per crnt.
Tuna mnrorr nurtrt hu a wicnUr nrmtr tnar.
omins to a better Inquirr tor funds that hat d-
Trlopetl. The market apnean to l at a di-adVnrt,
me. aa Ui racks am abonnc no dlirnalUan 10
loan it tbe IM ratm.
TUtrt art- 444 tr crnt far autj dara and ninety
days and UV tier cent for four, flr and aix montha
Commrc.aI jrr mntlm mchanfcra at rer cent
for thn bat nama, Lcodon dlMvunia, V- rcr
cent, micfaansTd; Parla diaonaaU, 3 it eetrt, un-
cnanstd; Itcrlin Oncnunla. 4 rrr cxnt, up H.
NEW YORK CURB STOCKS.
New York, Jin. 15. Toiays rJomnt prices ex
the most acxlre curb aecurlties were as follows.
Arfilo-American Oil 16
llrlt.-Amer. Tobacco 214 24
Chlcsjo Hubway 44
Glroux Cons 3i
Inlrronn. Ttubber S4
Kerr Lake 211-16
La Bose Cona. 24
I.. V. Cbal Sales Co 23
Mason Valley 74
Manhattan Transit 1
Sfareooi. new 54
Marconi. Caradian 4
NipUstng Mines 8
Standard Oil. ex-sub 42T
Tukon Gold 3
Unite.! Citsr Stores 1064
United Clear Stores pfd lit '
Adams Express 4s ......... 80
Braden 6a., 170
Bradea Ts....... 170
B. ft. T. 5s. notes 97
CbWco Oersted 5s 9SS 9Ti
Montreal Tram. 5s .. 1004
I'scflc Gss & T3. 3s. 90
Western racMle Is. 864 174
NEW YORK COTTON.
Furnished by W. B. Hibba Co.
lr.ro. Ilixh. Low. Closa
Msrch 12.12 12X 12.07 12.3
Jlsy 12,13 12.3S 1109 113
July 11G7 12.21 1101 1121
October.... ....... 1L4I 1L58 1L4I 1L3
NEW YORK COFFEE
FurrJshrd by N. U Carpenter Co.
Janury..... 13.20 13.21
February 13.3 13J0
March 13.17 13.48
April. 1360 13.62
May. 13.7! VLSi
Jnne.. UL9) 13.32
July. 1188 13.89
Aui-Mt. 13.91 U.D5
September 11X12 1103
October....... 14.00 1102
Kornnbrr. 13.93 14.00
December 1394 13.98
OUTSIDE SECURITY NOTES.
Smr York. Jan. 15. Th tradinff en the OJrtaid
sruritJe marict to-dir u onlj fairty a elite and
rrkrs naltouini; inrcnlar. Intrrnt waa trattnrd
thfoachoat a tttt narrow 1st and with no partlralar
feature to tin? market. Lonra of trm rrpnrtiopa
wrre aanrd m LnitM Clsar Ptprm ana totoaooo
rrodact. JIfUl share were again bftir and fur
ther decline were KDird.
BOSTON COPPER STOCKS.
Adrcnture . 6 4
Bohemia - 24 3
Calumet &. Arizona. 654 S54
Calumet & Iieda 490 406
Correr Bancs. 46', 47
East Butte. IT". 124
Franklin 4 84
Indiana. 134 It
Lake 194 20
La Salle 4S 4
Mason Vallqr 7", 8
Mayflower 114 114
Mercentbaler 215 219
Michigan 14 2
Mohawk 334 54
North Butte ...i r... 29V 30
North Lske 24 3
Old Colony 5V I
Old Dominion. 49 50
Ooeco i, 14 1
Osceola 94 96
Qulney Tl 71
Snsimon 114 Htt
South Lake 64
Tsmarack 30 314
Trinitr - 44 4V
United Fnit 178 1794
Utah Consolidated 10 104
Victoria : IV S
Wcrrrrine 63 6
Furnished by W. B. Hibba ft Co.
PORK- Open. HUji. Low. Closa.
January 11.07 18.29 18.07 US)
May. 18.40 13.57 1137 19.56
January ATI 9.T2 9.T2
Jlsy. S.92 9.97 9.90
January XV. 9.77 S.77
May 9.90 9.95 9.81
The Safest Investments
An thorn that do not fluctuate durto dfc.
tnrbrd conditions of tht money or stock mo
keta Klrtl dcrj of trust sotn (flrst mort
tar), well accored en real catat In tht Dis
trict of Cohimbia, constituU "cUt-edf" tn
trstmrata. They do rot depend upon tht -fnandal
responalUUty of Indtrldnals or ear
port lions for their stahility, and art txenpt
from taxation as personal property. ?t can
upplj sqch lnrestmenta In amoovts from KM
upward. f Send far booklet, 'CotjctnilE Loans
Swartzell, Rheem &
737 ISth Street Tforlkwest.
8 SHARES, OR ANY TART THERE-
OP, or- tosHKiTntTirr I'm COMPAWy
STOCK AT S180 PER SHAKE.
THIS STOCK PAYS 1 PER CEXT, and
at S1SO aeta 10M per erat on the la
THOIIAS U lnfME. Broker,
Tel. JI. 134. SOS 14th St.
WALL STREET GOSSIP
Margin .calls Indicate that, more liquida
tion Is pending in some ot tbe industrial
It is reported from Western sources
that stock is for sale In a number ot the
leaders for the purpose of protecting
unmarketable holdings elsewhere. It may
he held back for rallies.
The short Interest is now said by ex
perts to be larger than at any time for
Commission house advices that hare
been favorable to purchases on moderate
recessions are now recommending; sales
of the Industrial tariff-protected stocks.
Pennsylvania. Jfpw York Central, ttnd
Brooklyn .Rapid Transit are being rec
ommended by several big houses as pur
chases on breaks.
Llvcrmore. one of the largest stock
market operators. Is reported still
Professional traders are saying that
Wilson will run amuck in the Presiden
tial chair because of inexperience, Just
as much as Roosevelt did.
Vice President Atkins, of the American
Sugar Refining Company, appeared yes
terday before the Ilpuse Ways and
Means Committee and submitted a state
ment. In which the company went on rec
ord as being In favor of a reduced tariff
on sugar. A moderate reduction, it was
stated, would accrue to the benefit of the
consumer and would neither Increase for
eign values on raw material nor Increase
tbe refiners' margin bf profit.
Spald Best opinion here Is that the
trend is distinctly downward, and there
Is little change for anything more than
moderate rallies from time to time. The
damage to the California fruit crop Is
bearish on Southern Pacific and Atchi
son. Weakness In lm.,lMn . .
-- ... ........ .,..,. Acii-fcrapu nuu
Telephone was a disturbing feature, that
.... i:.,iK purely an Investment stock.
In which there has been no speculation
for a consldera.M tlm na,t t-o,i
said the selling resulted from fear that
...v .iip..)' wuuia te prosecuted under
the anti-trust law. yet It may have had
Its OrUtln In an nffrI, Jlff.Mn ....
Some of the selling has come from abroad
-..u u.jr nave Deen precipitated by the
break In National Telephone ot Great
Britain, which fell from 141 to 109 In the
London market on Monday, following a
court decision fixing the basis on which
the government could take over the
With great emphasis it is declared by
experts in the trade, copper share divi
dends are safe and that even at 13 or
IS per cent a pound for metal there will
be no reductions, rumors to the con
Recovery of the market was a feature
of the last hour of trading and was due
to a belief on the part of professional
traders that Mr. Wilson would not talk
so much after the public criticism to
which he has been subjected during- the
last few day. Some investment buying
on a scale down made Its appearance.
The important Interests are holding
aloof but are inclined to be bearish as
long as Mr. Wilson keeps talking.
There Is a. letting up of business and
pig Iron is yielding slightly In price aa
well as copper metal. Fundamentals
are sound and a sharp recovery should
come as soon as nnlttiraf ,.M..-4.i-. .,
Canadian up two points In London.
I-ooks like the foreign situation has Im
Senator Cummins yesterday Introduced
a bill Imposlnir a lav nf m m. ..- .
- -' " W VHl U.SUI1
all stock exchange and board of trade
inuisstuons wnerein a seller disposes of
products not owned by him. The meas
ure Is Intended to make trading In
futures on agricultural products pro
hibitive. The Reaning company has declared
the usual quarterly dividend ot 1 per
cent on Its flrst preferred stock.
Four per cent dividend on Xlrku ji.i.
Trenton. N. J.-ln reply to stories ot
unsettled conditions In Wall Street and
threatened panic, published In some of
the New Tork morning papers. President-elect
Wilson authorixed his secre
tary to Issue a statement calling atten
tion to the fact that there was nothing
in his Chicago speech or his various
ether speeches delivered 'since his elec
tion that differ from the 1ews he ex
pressed before the election.
S. B. Chanln A, Cn tn,nA . ,
- -.--- . ...... scucisi sen
timent regarding the position of the stock
.ua.&ci. .uMiuiue3 oepressen, it is real
ized that after such recent heavy liqui
dation and sharp declines in prices cov
ering of shorts Is likely to cause fre
quent rallies. Moreover, such fluctua
tions as is usually the case when senti
ment Is running all one way may occur
when the least expected.
The above conditions reflected prac
tically what occurred In to-day's mar
ket. Some fresh weak spots were un
covered which were reminders of some
recent overtrading on the bull side by
some of the local operators.
The break In Rock Island preferred of
two and a half points to the low price
of 23 hart no other explanation than
some spot loss 'orders, selling being
forced by scattered liquidation, following
aDsence of support notea in inese stocxs
for several months cast.
With confidence so badly shaken by
recent developments, there ts nothing'
better Jri prospect at present" than a
traders' market for moderate turns from
this level for a rally of several points.
New York. Jan. i-Cioaln.qnoUtlona of miacel
JananeM at sr (tie . SSJ
New York Central 4a IKS
Ameriean Hmeltlnff fis ...............l.
A. T. B. V. srneral 4s...............'........ 7Ts
AUsntie Coast Une la... ....
Atlantic fYa TJna nwtalerea'
A. C. U-U. & N. it '
AIL tc Dan. 1st 4s. . 7H
Baltimore & Ohio' rJ 3s............ 1H
naltiraeni k Ohln mid 4a...
llalttatom A Ohln fintrfhirstem Vsa. tSTs
Bmokljn Barid Transit 4s. s
Chesapeake tt Ohio con. Ss. wri
Chesapeake' A Onto est. 414
O. n. & Q. Joint 4sl ItTls
a B. at Q. mastered -
Chirsen Mllnake A St. Flul 4i Wi
(lilntm nnefc- Tal.nrf A IHeifle eoL 4s 6lls
CoL Indnstrlsl 4s.
OdI. Vldlsnd 4a .'. .'. 3H
Deiawsrt Ic Hudson rft 4s...-. V4
General Motor llnklnr fund as.
Indiana Steel Ss....-. ...
International Pair crt. Sa.
Janustown K.A C. 4s. ....
Lackawanna Htecl 5s. 171.... .................
Lako Slwre if. 1S -
Llcelt A Mirrs Gs.
New York lUIl.ass adi. Sa
Nrw York -Telephone 4i.
Norfolk A Western con. 4
Norfolk A Western est. 4s
Norfolk Ic Western I-oeahontaa G. A C. ii.
Northern raciSe 4s
Pacific T. A T. 5s.
St. L.. I. M. A S. ten. Ss .".
St. Louis A Ssn rtsndsco rft. 4.
Seaboard Air Une la. stamnrd
Sesboard Air Lino rfr. 4a
Seahoard Air Lino adj. ts
Southern IWI T. A T. &s.
Southern Parloe rft 4s
Southern Kailwsr Ss
Southern lulls aj 4s
Southern Itallwaj Is. L A O. air....
Third Arenne adj. 5s
Union Partlie crt. Is.
United HUtea Sleel sinkinc fund U..
VininiaaroUna CnemHal Ss.
Ylrrlnla Iron 1 A C 5s
Virginia By. A Power 5s.
t.4nt jt- Rnnthwvslem eon. Ss......
Western Union 41s. W
WeiKinihottse Msnufsrtnrlnt s i
Total aaies. n.SBj.on.
NEW YORK PRODUCL
New York. Jan. 15.-SIILUrEED-Steadj; trade
is dull. Stslnc bran. !.; sunoara buw
J4.0J; Western red-doc. .75; winter wheat bran, in
KO-pnund sacks, to arrlro, .W; citj bran. In bulk.
ItYB-Steadr: traoVi is lifht. Western, to arrire.
U talued at about Wa. e. i. r.; tra and Stale.
BYE FLOUB-Busire inartire: pnees ar firm:
pr4 to chose, quoted at ISaaAOQ. in barrels.
BUCKWHEAT FLOUB Steadr; business is llfs
i. iiuj nnln.l at 19alS for 103 rounds.
nrnvinulrur; dosUnas raoderste. Kiln-
dried, new. for esnort. HOsiO; nre meal, tl
bass, L3 for old and LU for new.
iTAY-Rserinta. LOST tons; ateadr: ohoiee i
wantr-L Qnotations ars: No. 1 ttaothr. LlOsLlTi
..M.-4 1 (K Vn " lCOsUXMl NO. 3. SSs30.
Lvnan- D-w. m n-a Am- dinrde Is UBSlL
Lonr rjs. 100. Oat strsw doll and ralues uncw-
Utn. poaaiblr tlatt.
PORK-fiteadi: bnsuiess modrrste. Mess. 1150a
19 00: xsmur. z.ooaLw.
BEET Steadr: supplies are lizht and trade quiet.
racket. S.(OaSM; fanalr. TLOHZa.
.nr. u. .. 4...t- llnM rr4m West-
.A... I .1 w, IBM Anfli Amenean-
IL10; refined Ilraallian. in kes. 1X.U: beat stear-
COKl'EE A nxslsrato salea morement in eoffee
l- n rJ ih world'a maraeu is noieo. itkw
ckanjrs ere within a nsmw ransx. Locallj. initial
rers were 1 to S nnlnls lower.
The day's priors were aa follows
Total sales. W.M0 bajs.
Market clod steady. I to 4 prints lower.
Furnished by N. I Carrenter a Co.
........ 1103 11.03
To-day. Jar. Tday. day.
New Tork "
NewOrleanJ iJ . ,:"
C.Jre.ton . . 1. 17H
Mobile 3" i 1
Sarannah t5R S.CS s s
Chsrieston...- 73 ir. 1?
Wilmintton IS U3 .. ....
Norfolk 0 1.TH 1 Jf
BalUmore J "
ToUla. 3.M 41.704
Houon W W ttS Js
Aczusts 13 1JK U 13
Mmphis 4.MJ 1J44 U 1J
LltUeltock i'i K"s K1H
Toronto. Jan. 15.-Closl0I quotations of Cobalt
Bearer Consolidated 4T .O
Bailey - -"f
Buffalo IS t3
Chalmers Fertand. .25 3H
City of Cobalt. - J1H J
Cobalt Lake -ja "
Coniaja r- f J
Foster : '
Glfford v - 5' -0
Oreat Northern OW
Hsnrrares -08 .0W
Kerr Lake -" iM
La. Bom - - i iK-l
McKlsley Dar Sarace .. LW 1.9s
Nlplssini -!) 5.00
Other Financial News on Opposite
THK BANK OP PERSONAL SERVICE
Capital, $750,000.00 Sorplos&UDdiiided ProlitsOitr$500, 000.00
Resources Our $7,000,000.00 -
A STRONG AND PROGRESSIVE BANK
With ample capital, large, resources, and every
possible banking facility, this bank is always in posi
tion and ever ready to meet the requirements of its
customers in the most satisfactory manner.
Business men arul others wishing banking serv
ice of the highest order of excellence are invited to
become identified -with this bank.
14th and G Streets
THE BANK OP PERSONAL SERVICE
BALTIMORE STOCK MARKET.
BALTIMORB CITT. STOCKS.
Baltimom City 4s, MM..-......,.:...'... K'i ..,
llaltimora City K 1SH................... s, ...
lultlmors City Ws. Bta...-i......-.. to
Baltimore City JWs. 133).............. J n
ruttimon Oty Sis, 1?M.....;.
Bsltimonj aty JH. so , sri ...
Cons. Gas Ss, U9....... n ..... o-
Cons. Gaa K. L. A I. 4SJ...............1. B K
Coua. Gas K. L. A P. notes.. ......., 95 ioc
Caxu. Gaa E. L. A I. com. ..."lll
Cons.. Gas E. L. A P. ld..... W in
Farmers A Merchants" Nat. Bank. ...... ..... Jl
Merchants A Mechanics' Bank (W. I.) :i
Western National Rink......... 3
A. a U conr. deb. 4s Ki; 1
.C a L. of Conn. etls. 5-3. op, ,.
A. C L. 4s of 8. C. . y
Alabama MM. 5a.... . IK'. Iff
Brunswick A Western 5s........... Ti
rkahoard aAJustmeat Ss ...... 7Vi 7
Atlantic Coast Lino ot Conn. . x
STREET RAILWAY BONDS.
Charleaton-Oty By. 1st ........ W
Chaa, Con. Ity. O. A E. Sa (714 3
IlaorUlo Trac. A Power Ss...... ........ ty
Macon Ry, A L. 1st cona. Ss i 5
Mnnphla SL By. Sa , 3
Norfolk A Portsmouth Trac Ss.......... Jl
United Rys. A Elec 1st 4s. K
United Rys. J-rrar Sa. notes. 102 is
Waalu. Balta A Anoap. Sa...... t7H
American Bondine Co 9
U. S. yidtUty A Cuar. Co. 143 13
Continental Trust Co ....... 3J't
Fidelity Tmut Co SZia
Msrylasd Trust Co 13 l:
Maryland Trust Co. ti ..... E
Mercantilo Trust Co.... IS IS
Monsey Trust (W. 1.) . WS M
Baltimore Electric tW. t?i 1
Baltimore Electric tr. 5T J
Cotton Durk Ss
Ilosston OH com. tr. rtfs. US 1
i'rana. Water A Power com 7
T. IL Srmhurton Kd 7 "
CniUd Electric 1st eons. 4Sa Ki 9
Consolidation Coal Co WZ
Cons. Coal lUf. Is
Baltimore. Md.. Jan. 15.MILLrEl.TJ-Hrict
bran, in KO-lb. sacks, per Im. It.0Oa3.DO: Hour to
whita ralddllnzm. In lCDHo. aarJta, a.uuvx.w: m
era mMdllms. in KO-lb. sacks, per tcai. M.00oMJ:
City Mills msMlwcs, in WHb. ssiks, per ton.
n.OOaltSO; tty Mills bran, in 100-IK sscks, ton.
ll.5Oi3.00; City Mills white mtddhDjs, in 100-lb.
sscks. per ton. 30.G0a3L00.
HAT No. 1 timothy. H.3IJB: standard tim
cshy 17JCaH.0O; No. S. 18JOal7.00: No. J white.
liXOallOO: lltiit rlorer mtird. lAOOaKJO; Xo. 1
mUrd. II 15.50: No. S ckrrer. mtied. HSOaOSO:
heasy dorer mUrd. ULSOallSO; No. 1 doeer. UOOa
UJ0: No. S. H.ODstiSO: no establiaoed irrsdo hsy.
lOTalTOO: sampls xrado nay. as to kind, quslity.
and condition. S.WHL00.
POTATOES VhUe. rr-br. prune, per bn. bi,
Htaa; da. Eastern Fhore of Msrylsnrl. per tu. No.
1. S5aO); do.. New Tork, per bo., prime, SSaTO; do..
Mkmlfan. per bu. prune. CSs; sweets. North Car
olina. r bbL. inalOO; do.. Eastern Mhore. per
bbl, inf.SI; dn.. IWawire and New Jersey, bM.,
7Ss3.00; yams, new, .North Carolisa, per bbl.,;
I n.m; oak, sirzmia. dim., ajooa.
LIVE rOULTUI-ChickclM. old hena. heary. par
lb.. It; dok. old hena, email to medium, per Uv.
rr lb.. Xi docks, white wains, per lb.. 17: do..
musrvrey. per lb-. DalC;'do.. puddle, per lb.. ItaU:
xeese. rear-by. per lb., lull: duw Western and
Southern, per IK.' UaU; do.. Kent Island, par In..
14als: turkeys cbolcv bensL per lb., a: do., yoorx
nbblera. per lb.. JSiB: do,, old toma. per lb., ttv
da. roash and poor, per lb.. 10aJ2; pigeons, yomur.
per pair, n: do., on. per ps
ech S: da.'younz, IVs
URESSEI POULTRV-Turkers. choice, per lb..
Ska; do., fah-to good, per ib.. 15s3): da. old tans.
Is: chickens,, young, per nx. It; da. mixed.
per lb.. Hsl3; do. old sens, II; da. old roosters.
per lb., 10: durle."per'lD., ltelS; seese, -sear-br.
per lb.. 15alC;-da. Western aod 8outbem, per lb..
UsI4: capons. 7 lbs and orer, per lb., ZUGSi do..
medium, per llx. DoSD; da. small and slips,, prr
EOGSMarrland. PermaylTania. and near-br
ilrsts, loss off. per doc. 3; Western, firsts, lose off,
per doc, SHt'Weat Vh-j-tola. Ilrsts. lose off. prr
doc. 7a3; cJouthcm, firsts loss off, par doc. Sa2T.
HUTTEll-tieaineTT. ratKT. per lb- 3T' do..
choice, per lb.. 3la"3: da. "trod, per lb.. 31aS: do.,
prints, prr lb, 3Sa7; do., blocks, per lb, 3436;
Udlec per lb.. 23a3: Maryland and Peunsylrania
rolla, per lb, Sa23; Ohio. roHt. per lb., SaS;
nesi nr-nnla rolls per in.. zia; store paon.
per lb, Ba3): Maryland. VlrcmU. and Pormsjl
rania. dairy pruita, per lb. 33; process baiter.,
per lb, 3Ea3H.
Baltimore. Jsn. U.-WHEAT-Dnll and toa-rr;
spot Na S red. 1.08U: spot Sa 4 red Western.
lXSi: January No. i. rod. LOW; February No. i
red. Io-,: March Xe. red. LIHi; steemer Si
t red. LOlli: receiptj. HUB barbels; exports
OOEX-Essie,; .t eontrarta. : January. aVi.
lebmsry, SKi: Msrch. SS",: stesmer mixed. SZ;
receirt-'. KU5S bnsbeks; Southern white corn, 54.
OATH-Firm; No. 2 unite. 40: standard whil-
3: No. I white. 38: receipts. TS.SST bnsbels.
RVE-Dun: No. 5 Wr-trrn domestic. TS asked;
m-elils. U.4B bn.heli.
HAT-Qniet; X 1 timothy, enchanted; Na I
doier mixer, unchanged.
GRAIN mElOHTS-nrra: dram to Lrrerptwl.
per bushel, unchanged; Cork for orders, per qoarter.
NEW ORLEANS COTTON.
rumlahed by N. U Carpenter A Co.
Open. Utah. Low. Bid. Asked.
January C3S H43 C3I I7LC-H
March 113i KJI t3 liMt
May. tin lit? US E.4S-47
July CJ4 tiSJ 134 lill!
Octcter. II.I 1L50 IL44 lLSta
CHICAGO GRAIN MARKET.
Fumih-d by W. B. Hibbs A Co.
W II EAT
Undivided Profits Over.. $1,000,000
Deposits Over $7,000,000
Past Records and
, prove this bank worthy of the confidence and pa
tronage of every one desiring a strong, progressive
Having successfully met the banking needs of
the most conservative depositors for nearly half a
century, we feel that we can serve you equally well.
Although our resources and facilities arc equal
to the GREATEST demands, we particularly invite
the accounts of SMALL depositors, and assure them
of every possible courtesy.
Over 31.000 Open Accounts,
WILLIAM D. HOOVER..
FRANK W. STONE.
S. Thomas Brown.
James A. Buchanan.
William A. II. Church.
Walter CI Clephane.
William V. Cor.
William E. Edmonston.
.....Jreaident I OEORfiB HOWARD- ..
. ... I CHARLES E. NTMAN.
..1st Mca Rn olW a LAMBOUN....
.. Ji Vios rrea. FRANK STETSON.
Georce W. Gray.
William D. Hoover.
Reginald S. Huldekoper.
O. II. P. Johnson.
Thomas R. Jonea.
..Assr. Tr. Offices?
William F. Qulcksalt.
Krank W. Stone,
William II. Walker.
John L. Weaver,
Henry K. Willard.
National Savings and
FORTY.SIXTH YEAR. .
Corner 15th Street and New York Avenue.
Under U. S. Government Supervision.
Tq the Young Depositor:
THESE ABE MANY logical reasons why you should start
your banking career with a YOUNG and vigorous
bank and certain SPECIFIC reasons for starting -with
THIS BANK. V
We want you to become one of our "charter members"
and grow up with us. In. no other way can you so easily se
cure a friendship which will be of practical service to you
throughout life. .
We would like to explain fully to you just what we do
for our .depositors. Don't hesitate to call on us. ,
ON SAVINGS ACCOUNTS
ON CHECKING ACCOUNTS
WASHINGTON & SOUTHERN BANK
1413 G St N. W.
Phots Main 1(03.
Branch, Centar Markat.
J. SELWIN TAIT, Prasldtnt.
'L5&js2'.ji.s'0& , -s&
Al" AS A''-"