Newspaper Page Text
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Losses pf Over a Point, in the
Leaders Neyv Haven 'ana
M. P. Continue Weak.
B. & 0. R. Rr APRIL GAIN
Good Showing in , Earnings Made
Through Maintenance Lxpenses
of System Severely Cut.
By TV. 9KUEV.
Leading Issues on the New York Stick
Exchange went off over a point yester
day, the continued weakness of Mis
souri Pacific and Western -Maryland ef
.feetlns the entire- list.
Steel closed 615-8, Copper 71 1-4. Lnlon
136 1-z. Reading 1651-1 and Canadian
New Haven- continued weak again,
striking 67. but closing up an eighth.
Of course this can be attributed solely
to the sensational character of the tes
timony which Charles S. Mellen. the
former president of the company. Is giv
ing before the. Interstate Commerce Com
mission. There is a vague dread lest
worse Is to come from Mr1. Mellen's lips
and bears sold the New Haven stock
with more assurance than at any time
since the big .break culminated.
Viewed broadly the Mellen testimony
caused some uneasiness because of its
possible effect on the freight rate case,
bears circulating the report that owing
to the Mellen testimony an excuse was
offered to couple other railroads with
A representative of the Western Mary
land Railway Company, said yesterday
that he knows no reason for the sharp
decline in the stock and the 4 per cent
bonds, except that a block of the securi
ties may have been held as collateral foi
a loan and been soM out. Last week
there was a sharp decline also, and
various adverse rumors were circulated
with respect tc the future of the com
panv. It was stated that while the com
pany was not earning Its full fixed
charges, ponertul financial interests, who
already nave a large inv estment In some
r.r d.ninr issues, would advance what
ever money the company might need
until such a time as It should be on a
sound financial footing. They believe
that there vlll be a decided turn for
the better In the earnings within a com
paratively short time and are entirely
-confident as to the company's future.
So far as can be learned there has been
no change in the status of the Western
Man land. The securities are not being
supported by anyone and when a block
of them is offered there Is no active bid
ding, and consequently the market drops
several points. The stock closed yester
day at 19 1-3. a fractional gain over Wed-
Loral Stock F.ichnncr.
Trading on the Washington Stock Ex
. change yesterday was light, typo ma
chine stocks forming the principal part.
Fifty-five shares of Lanston were sold,
, SJl-taSSl-!. Seven shares of Mergen
' thaler brought US.
Railway preferred sold from 84 to
84 1-L Fifty-two shares of the stock were
Twenty shares of Capital Traction sold
for 100 1-S.
For Washington Gas. 761-2 was bid,
77 1 -2 asked.
Bond sales were confined to a J500 Rall
wa 4 at M. a tl.OOU Potomac Electrii
Light 3 at 104 3-8. and a $500 Traction
S at 1CS.
n. t O. April Gain.
The Baltimore and Ohio Railway Com
pany reports an increase in both gross
and net earnings for the month of April,
compared with the corresponding month
a ear ago. but analysis of the figures
shows that the gain of 833,738 In- net
earnings, that item having been cut
The Baltimore and Ohio Railroad Is
doing what every Important system In
the country Is doing cutting expenses
to the bone and probably will lontlnuc
this policy until it Is permitted to make
a reasonable profit on the only com
modity it has to jell transportation.
, The Baltimore and Ohio's detailed
statement of earnings and expenses for"
the month of April. 1514, and for the 16
months of the fiscal year follows:
ArniL. 19H. Increase.
Oprratins Rtemie JT.TEUa JI3V2I
Maintenance of w. and at. 772.G96 "37.C3?
llaiu'rnance of equipment..... LSI 460 J07.7S1
Traffic exiieuxs 1D.175 11.312
Transportation expenses .... 3.03SA4 "a.!!!
General expenses 191.C81 li.95!
- Total operatins expenses S.3M.SS 637414
Net operatinj rrrenoe IVM.T1S 53,73
TEX MONTHS. MIL Increase.
Operatim revenue .mtflXS tl.549,14
Maintenance of w and at ttXJSS 'ljajtO
JIamtenance of ef-nlnment..... U.73.K1 1.595.0Si
Traffic expenses M2.450 1G4.SS4
Transportation expenses .. 3r.T32.5SI 1.S77.H3
General expenses 1.K9.737 7.I7.SJ0
Total operatim expenses 60,106.751 EG6.7CS
Net operatinr revenue. 71.sn.Ul SS3.05S
The foregoing does not Include outside
operations, which, as estimated, will
show a deficit In net In April 1914, of
iw.iw compared with a deficit of $72,
S85S2 for April, 1913.
Bclttmore TVotp June.
The board. of directors of the United
railways and Electric Comnanr. of Rnl
tlmore. has authorized the issuance of
JLCflO.OCO S per cent two-jear convertible
gold notes and arranged for the sale of
approximately $336,000 Maryland Electric
itauways Company's first mortgage
per cent bonds to provide for the capital
requirements of the company during the
next two years. It was stated that the
proceeds of the Maryland Electric Rall-
w company s nrst mortgage 5 per
cent uniting lund bonds would be used
to pay for eighty-five new cars pur-
cnasea ior the use of the company.
The unsettled condlUon under which the
election of . members to the Chicago
regional board, provided for under the
new currency law, will take place, has
caused me committee of Chicago bankers
to suspend action In presenting the names
ana voung ior directors to the board.
Bankers are awaltlne mora definite .il.
rectlons before proceeding with their can
vass to secure the election of George M.
Reynolds and James B. Forgan as Class
a directors oi the Federal reserve bank.
Lnarles G. Dawes, -chairman of the
, committee having the- matter "In charge.
nas appuea to the organization 'commit'
tee for more exnlldt instruction mn.
cernlng the niethod of nominating"- and
electing aireciors ana counting the votes.
A bulletin Issued -by the Department of
Commerce gives the average" export price
of.cotton per pound in April at 13 cents,
against lil cents in April last year; for
the eight months ended April 30 the
..averago price was 119 cents, against 12
cents in rne same time in the prscedlng
year and 10.1 cents In the corresponding
"period two years ago.
on Jane 1 will issue a report showing' the
condition of cotton--as of Mar J5.
President Clennv. of the New Orleans
Cotton Exchange, lsln the clty7to advo
cate the passage of the Lever bin.
-NEW YORK STOCK MARKET.
ftmuJird by W. B. Hibbe Co. "
I.rw TetV. May a.
Bales. Hlrt. Low. Close.
0 Adams Express...... Ml . Wit 86
UK Aliaaa Gold Mine. ...... Vl' TJH
40 Jvuto-Chalmere ..... .. IlTi US
1L50J Amalsemated TJ . 7TH
OT An. AtxL Chemical........ it M
JO) Am. Beet Bnjar. , H II
KO -Am. Xeet Sojar p(d........ 70 70
eoo-Am. Cm SJ SM
40) Am. On pfd. 4
330. Am. Ctt rotlDdrj.... "SOS
35 Am. Cotton OIL. .......... U CS
lCOAm. Exprras........... KXH U4H
400 Am. Ice Seenruie......!... 21 31
501 Am. Bmeltira-...- "... C OH
300 Am. Steel Foondrr 31 X
ICO Am. Snjar. ...... 105S 105
lt Am. TeL & Tel Iffli B
300 Am. Woolen "15 U
1.50) Anaconda ..- SN 32
30) Atchlxm S6 K
100 Atchison id . 100 M
100 Atlantic Coast Line........ 13 13
SOJ Baldwin LocomotiTe pfd. 1H 10-Ta,
Vli Baltimore Ohio.. K 93
100 Batoiilaa Jllnlsl-..- V
KO Bethlehem Steel. tt (1
ZJC0 Iirrollj-n Bapid Traruit.... S3 Kfi
en Califo-nla l'etroleum........ Z1H a
aa Calirornla petroleum pfd-.. 59
i.OXS Canadian I'aciSc... 19rH 113
1JT) Central Leather. 3 31
720 Central Leather pfd........,I0OH 100
tX3 Cheaipraae & 4hio 51H
SCO Chican Great West, pfd. SSH 35
an a. m. .. 1-. iooh WW
SOO Chlcaio le Northwestern... pi 131
L8DJ Chlno Con. Copper 4Ha W
100 CoIotiuo i'nel c Iron...... 3 33
(01 Consolidated Gaa............ 1T
300 Corn rrodocte.. t
ITS DeUware & Hudson 151
100 DtL. Lack t Western.... 357
SO Denrer & Rk Grande. II
10) Denrer & Kio Grande rfd. 30
LS0) Erie 3
400 Erie In pfd 41
10) ErU 3d pfd... . .. 37
100 Fed. M. t 8. p-'d 35
330 General Electric 14
300 General Motors. SI
100 General .Motors pfd H
600 Goodrich. B. F........... 7S
800 Great Northern pfd....... 174
100 Gt. N. Ores. Sub - 334
30) Gusxenheim Expl 55
Ton lnsp. Copper. M 16
103 Interboro-MetropoliUn .... II
1.100 Intertnro-MetroppUtan pfd. 63
100 IntlHar. of .N. J 10C
100 Kansas Cite Southern...... 7
100 Kan. CAS. pfd 60
3.400 Lehith XtVfl 140
SCO Loulirille i. Najhtille IS
100 JllJ DepU Store 58
300 Miami Copper. - -i
100 M.. SLr. & S. S. SI.... 135
300 11a. K. A T. B
11.750 Missouri I'aciflc. J
SO Mont. Tower.
330 Nat. Enam tc S. ... 10
100 National Lead 47
370 Nrr. C. Copper II
U03 New To Central......... 3
10 X. Y.. X. 11. & H CT
100 X. Y.. O. & W . 3S
100 Norfolk Western 101
00 North American 7(4
U00 Northern PariHc 111
9 Ontario SUrer......... ..Cs. 3
10) Tac, Tel. & TeI...... 3
900 Fennsjlranla Itallroad 113
408 rrorles G. & C 13
SOO Iltt.burrh Coal- rfd 88
330 rtessed Steel Car C
KO lUllwar Steel Spnns 284
I.G73 Bar Con. Cop. a
56.600 Readins 166
30) Rep. Iron & Steel a
101 Rep. Iron & Steel pfd ... 864
C) Rock Island 34
80) Rumler 12
30) Rumley pfd 30
X0 Seaboard Air Line. ... 15
300 Seaboard Air Line pfd..., 54
703 St. L 4 S. F. I 3
100 Sears Roebuck. 185
5.7a Southern Ficiflc. 92
TOO Southern Kailwar ....... 34
300 Southern Railwar pfd 73
100 Standard Millie 39
109 Btndebakcr a
4C0 Tennessee Copper.......... 34
100 Texas A rariHc 15
300 Underwood Typewriter pfd. 108
30) Union Bac ac Paper. 54
100 Colon Ba: & Taper pfd... a
17.133 Union Taciflc. 157
10) Union radflc pfd 83.
201 United Cliar 47
430 United Citar pfd 1074
UW U. a Express 77
209 U. S. Rubber 58
43.700 U. S. Steel 62
ICO U. 8 Steel pfd 109
4.500 Utah Copper-.- 57
20) Va.Car. Chemical 3
10) Va -Car. Chemical rfd 100
10) Uella Farco 3)
700 Western Maryland 3)
MO Western Marxland pfd.-.. 35
40) Western Union Triesrapb... IS
3.30) Westinehouae 76
3c) Woolworth (7
10) Wbeelmc A Lake Erie.... 4
Total sales. 218.235 shares, against 137.679 Tester.
dar. 30510 a week ago. and 299.480a, rear aao. From
January 1 to date, 33.353,111, against 35.810.830 a
The asfcku raica, fori ninety dan and fctrr months
hshow a. decline of -pet cent, "
turn are x per cent lor amy ana suarar juts,
3 per rent for four months. 3 per cent for flee
and six months, and 3al per cent for orer the
rear. ' A ' J,"
Indications point to twerrased fimneaaj bxtM
cammercul paper market, though the general rat
is still 4 per cent for prima naaaea. with. UiSIng
amumti of exeeptionalhj good material, paiaisc rt
3. prr cent Tha fceilng is gaining ground that
the market will shortly .witness higher 'rates.
. New Tort, Mar 21 Closing ouoUtiona or miscel
American Telephone ax Telegraph cot. 4a..
Atohlaon. Toprka 4k Santa Fa gen. 4a.
Atlantio Coast Lux 1st con. is...............
Valtlmoro & Ohio prior Urn 34a. .,.
Baltimore aV Ohio gold 4su
Baltimore ac Ohio crt. 44s... ............ .
Baltimore aV Ohio Southwerfera 3a-....-..
Bethlehem Steel 1st ta... ...... .-.. ..
Central Leather aa..
Chesapeake aV Ohio gnl- 44
Chlogo, Burlington 4k Qulncjr gnU 4a.
Chicago, Bnrlington A Qulacj 4s
CLlceo Oreat Western 4s...-
Chicago, Milwaukee & St. Taul gel. 44a..
Chicago, Milwaukee at St. Taul crt. 44s
a. R. I. 4k P. Kr. den. 6s.
C, R. I. at I'. Br. gnt 4.:...........L...
C R. I. at P. Ul. ttt 4s. ......
41. R. I. at P. H. B. coL 4s ..-
Corn Iroducta 5a. 1934 ..... .
Delaware Bcdaoarfg. mtr. Is.....
T.7r i . .
na ,xaarBBt vx taw
- " TT-V". ,- (
" 4awaL Asked.
Uj.S, reg. 2a, , ,,M-H -fc $RkJmk
v. B. court .3. - ....; mi
V. 8. reavSa 1,-.. ..-.ll 11
U. 8. coupon 3a..... ...,Hf Mt
U. 8. re- 4a.. , ..jS JlWV 1I
C. 8. coupon ts. .... ;0Si
Denrer 4 Rio Grande imp. 5s..................... 80
Dcnter & Itao Grande rfg. Sa...
Erie 5th extension 4a.
Erie laior lien 4s.
Erie general lien la.
Erie crt. 4a, aerlea A....
Erie crt. ia. aerlea B. ...... ......
Illinois Central la, 1911
Illinois Central rfg. 4a
llttaou tcl deb. 14a.
Interbora Rapid Transit tit. 5
Intematiocal Merctntllei Iarine"44a 504
International Steam Punrp is. .. ..... . 56S
Lake Shore 4s, 1138 93
Lake Shore is. 1931 - IT
Lonisriue L Xaahrille unified 4a. .. ....... 95
Lcul.rtllo at N'ashrtlle geld Sa, 1337 109
Missouri I'aciflc con. (s . 1C34
Missouri I'aciBc Sa. 193) - 90
Missouri radflc rrt- Sa. 3
New Orleans. Mobile aV Chicago 5s. 43
New York Central Is, 1934- - 914
New York Central rfg. 34s 834
New York. New listen at Hartford crt. Ca 109
New York Hallways adj. 5t ... 55
New York, Weatchester 4L Boston 44s. TS
Norfolk It Southern Sa. aeries A S34
Nufolk A. Western con. 4. 94
Norfolk at Western dirisioral 4s 904
rorthrrn Pacific 4s......... . 95
Northern I'aciflc 7. . 7
Oresoa short Line rfg. 4s.. .................... 91
Reading gen. ia. -. - 95
St. Louis ac San Frandxn rfg. 4a. 75
Seaboard Air Line rfr. 4s 74
Seaboard Air Line ad. 5s. a
Southern Bell Telephone ft Telegraph Sa.. .. 98
Southern Pacific crL 4a. 864
Southern Padflc-rfg. 4a 33
Southern racinc rrt. 5s. sub recei(4a fuu paid.. 101
NEW YORK PRODUCE
" New York. Mar n.-MILLFEED-6teadr; offer
loca an Bght, trade ia Mnderad. Spring bran, la
KO-pouodj sacks. "5; n transit and to srrlre.
lake and raU. as.75; standard ""Ti'-r spot, rjl:
to arrlre, 34JJ; Western red-dog. sir winter
wheat. In IM-rmod sacks, to arrlre, JTJOititj bran,
in bulk. 27.00. Argentine bran, to arrlre. Is fcrkt
at a.50. in UO-pouod sacks.
BYE FLOUR-ilrm; irada is restricted. Gkd to
eholce at 3JOa3.73.
CORNMEAL-Strong; trade la hindered. Kilo
dried, for export, 163; coarse meal, la bags, LSOaLal
PORK-8leadj; deallnga are moderate. Maaa,
27.00aC.50; familr. 74.03a75.30: clear. 117517X25.
BEEF-Sleadj; business la lnacUre. racket.
17.ICall.O0: familr, atOaM.03.
HAY-Reoalpta, tit tons; stroni; demand ll fair
and ofreriagi light. Quoutloua: Prime (tlmothr.
L174; Na 1 tlmothj, LU; N'o. t LM; No, 3. LOL
TRAW-Ueorlpts, none; flat; demind moderate.
Long no quoted at SOaJS.
LARD-Stcadj: boslnesa moderate. Prime Weat
rrn. 10.45; refined continent. KLat; Booth American,
II JO: refined Brazilian, In kegs. 13J0: beef steariae,
34; lard steariae. dun; New York, UK,
WALL STREET G8SS1P.
socthern Railwar Sa..
Southern Ballwaj is.
Texas Co. crt (a
Union Padfle 1st 4s
Union Pacific crt. 4a ....,
Union Pacific rfg. U
'Jnitrd Statei Steel 8 F. Sa.
Virginia-Carolina Chemical Sa .
Mrginia Iron, Coal at Coke Sa
Wabash rfg. 4s
Wabaih Equitable T. ctfa. stamped)
Watash P. Ter. 1st 4s , Central IT. ctfs. 7
Colum. Tr ctfa. for On. Tr. dep ............... (
Western Manland 4s C
Total sales 11,63,000, agtinst 11.446,000 yesterdar,
r.77i0.000 a week ago, and 13,004.000 a rear tso.
NEW YORK CURB MARKET.
The DspartBoest of JUricultureat noon
t " N
At'anU Goldfleld ....
Bar State Gas.
Bradftr Copper fs...........
British Columbia Copper...
Burkere Pipe Line.
Goldfleld Florence ...
Kerr Lake..r. . ..
La Rose ...............
Mason VaUeT..- 14
Mines Co. of America...
N'crada Hllia. .
Nirladng Mines Co
Sioux - 2
Temlskamlng .. 15
Union Tank Line ...-... 8
United Cigar Stores..- 87
LUnlted Copper... 4
United Corner pfd.. Z
Gold HiU ...
Atlantic Refining Co S3
Anglo American Oil...- 1H
Buckeye Tire Line. .., Ill
Continental Oil Co- - 315
Galena Signal Oil Co. com.-.,.... -..179
Houston Oil Co. 13
National Transit Co.i...- i a
Ohio Oil Co -i ...... in
Pierce Oil Corporation...- 82
Prairie Oil at Gas Co. ...... 415
South Penn Oil Co ... 81
Standard Oil. California. .......... 305
Standard Oil, Indiana... "153
Standard OO, Kansas -43 -
Standard Oil, Kentucky....... 263
Standard Oil. N'ew Jersey. - 404
Standard Oil. New York............ at
Standard OH. Ohio.
Union Tank Line Co
Vacuum. Oil Co....
Ltrerpool failed to meet our adrance, being 14 lb
2 pointa worse than due, and our market opened
ragged. 3lay being up 7 pointa and Julr opened off
3. and the new crop was unchanced. Soon after
the opening, howerer. good busing dereloped from
spot people sludrlng the market; then prirate wires
came In. telling of more rain In Texas. This
started abort corering. and prloea eaalty' were ad-
Tanced abore all recent high figures. 3Iar selling
up to IZJS. Julr 17.77. An tort H. October 13.17.
and December' H54. Thle waa 13 points adrance
from the extreme sow prices reached on March V
Of course, after each an advance aa thla, the
maioritr are looking for a reaction, and hare been
for the last two or three dara, but up to the
present lime looking; for this reaction is something
like a man standing on the bank of a rirer waiting
for the water to paea, Sertouarr. though, to mr
mind, xesterdar showed more signs of a poasible
temporarr decline than any market we hare bad
recently, for the reason that the adrance, instead
cf being of the usual creeping kind, was quick
and decisire 11 a bale In about twenty mlnutea.
Ttila. to my mind, looka mora like abort running
to corer than buying by the ball Interest or in-
Testers. If Iam right In my condoslons, the
technical position of the market has been weakened,
and a decline would seem more probable now than
any time recently. Howerer. any decha that might
come. I beliere. would be only temporary, until we
can get sunshine west of the 3!lssiaaippl Rirer and
a moderate amount of rain east of the rirer The
former is desired and needed much more than the
latter. Xew Orleans report spots firm and higher
to buy, with steady demand, while Xew York
spota advanced IS pointa. My main reason for
expecting a aetback at the present time is that It
looks to me aa If there was too much company on
the bull side and too much bull dope. Again, 1
think the spot people, as wetl aa tbe xdtlla, would
prefer to see a alight reaction In the market.
Our market doted steady at an adrance of 18
pointa on May. ( on July, and 13 to IS on the
new crop, learing Lirerpool doe to come 9 pointa
up on May-June. 2 on July, and 34 to 44 on the
new crop. Herbert H. Brown, Manager for X. L
Carpenter & Co.
Furnished by N. L. Carpenter at Co.
Open. 2 p.m. Close. Ctote.
May. TE4 7.334 T.ll
May-June.... T.B 7.84 7.224 7174
JuneJoly. ... 7 064 7.06 7.07 7034
July-August 7.01 7 O 7044 7.00
August-September 4U94 t-t) CJ94 CSS
September-October... 1684 -694 (.64
October-Norember li 158 6.034 (31
November-December.. 6.53 6.54 (.18
December-January (.50 (.484 J2 (.
January February.-.. (JO (.494 (.53 6.16
Sales, 8,000. Middling. 7.S4; yesterday, 7.59.
Ifetr Tork Future.
Famished by N, L. Carpenter at Co. '
May 13.04 13J3
July..l .... .... 12.(1 12.77
August.... 12.11 12.06
October... 12.a 12.17
December.-.. 128 1334
January- 1170 13.13
March 11B 13.43
Low Ctoae. CXe
13.07 1325 UW
Ifevr Orleans Fatnrcs.
Fumlsbed by N. L. Carpenter A Co.
. 1141 1338
, 13.13 ua
. 113 HIS
. na, H44
, 12.27 1213
tjw CHe. Close
13J9 13.18 13.41
U 12 DJ3 1115
na 123 ns
na 1233 1124
na na na
Harris Wlntbrop cold LOOO Missouri
Sterrett Tate has applied for member
ship on the New York Cotton Exchange.
British-American Tobacco Company
yesterday declared an Interim dividend
of c per cent on-ordinary shares, payable
Calumet & Heda declared a quarterly
dividend of C a share. Three months
ago H was declared, and a ear ago 110.
Standard OH of Ohio has declared the
regular quarterly dividend of S3 a share
and an extra dividend of 33, payable
July 1 to stock of record June i. Hooks
close June 5, and reopen June 35. This
Is the came as the last quarter.
Chicago Elevated Railways has de
clared the regular quarterly dividend of
S1.S0 on the participating preferred certificates.
The Cuban-American Sugar Company
has declared the regular quarterly divi
dend of 13-4 per cent on the preferred
The General Electric Company has de
clared the regular quarterly dividend f
2 per cenL Directors re-elected present
The Crex Carpet Company has declared
the regular- seml-arnual dividend of 3
New York Air Brake Company has de
clared the regular quarterly dividend of
1 1-2 per cent
It Is reported that W. H. Donner. the
new chairman ot the Penns)Ianla Steel
Company, has terminated an open con
tract by which the Mar) land Steel Com
pany was taking coke at C a ton and
has replaced the business with a similar
open contract with a price under Jl S3
deliveries to be discontinued at any time
at the option ot the buyer.
H. U. Mudge, president of the Chicago.
Rock Island and Pacific, has been elected
president of the American Ball ay As
sociation for the ensuing two years. R.
H. Alshton. vice president of the Chi
cago and Northwestern. has been elected
vice president. A. H. Smith, president of
the New York Central, who had been
nominated for president, withdrew.
The consolidated earnings of the sub
sidiary companies of the Republic Rail
way and Light Company for April were:
Gross. 3753.73; Increase. 334.011a-net, J110,
973; increase. 336,431. surplus, 363,903: In
The American Milling Company has
I sent a circular to tne stockholders re
questing mem to agree to a reduction In
th- capitalization of the company from
JA500,000 to 1700,000. by surrendering one
snare jor nveisnares or par value J10.
'William C Von Antwerp told the As
sociation bf Office Partners yesterday
that "If we so far forget ourselves as
to close our ears to the oIce of en
lightened public, opinion, very serious
fault will be found with us. What
we are trying to do Is to steer a safe
course, to take soundings, to make
things snug, and to safeguard pas
sengers and cargo. Unless I misap
prehend the signs of the times this is
what decent American business men are
coming to. It Is tW; spirt of the new
ethical progressand'we of the stock ex
change have earnestly proclaimed our
determination to play a part In that
r. van Antwerp s remarks were
maae In the course of an address In
which he contrasted the air of secrecy
and aloofness which characterized the
attitude of business men toward the
public a few years ago with the nrcsent
poucy or puDiicity and ralr play. The
public Is Indebted, he said, to the news
papers which have shown a willingness
to publish the facts and to applaud the
public spirit of the new recttne. His
position was similar to that taken by
tne commercial on Monday In an edi
torial on business publicity. He char
acterized as the broad position of the
stock exchange and Its library commit
tee as a purpose "to practice the Golden
Rule, to put our institution beyond the
pate oi criticism, to get on with the pub
lic, to give If- we would receive, to
sow If we would reap, to do what we
can to enlarge our horizons and to put
to an end that widespread, popular crit
icism which stamps New York the most
detached, narrow and provincial city In
- MOe-Marilrarf. i"d,K aX
pee oWtt; Waaler. t; W was
UiHovthan. grata. W - J Jft.1,. .
prima, U4ajJ: ssaryaaasa Crr..-ty,T;;
lTl:LOnla sad TcMyrrasls alm prtaJar 14ei
strarswked. Kali: Maryland. VlralaU, and Pann-
rjlranU dairy prmta. .Merit tare aww. w
BALTO. CITT-JTOCBJ ljl
Internal Isipt H. IM.,. $
exchange Vt, U80 ..... llVi
GAS JaJT KLECTBia
fialta Elec. pfL. SO.- '
C O. n. C, M. 3s. 119.-
C. 43. 0. M. ia. 1951 . 4
a O. K. L at.P. a M. 4Hs. 19SJ....... IWi
& O. E. L P. cam- tM - WW
Con. O. E. L V I. pfd., W.-
BANKS AND TKC8T COMPANIES.
Fsrm. at Merch. NalL. 40.". 4lv,
FldeUtr at Deposit. St) 147
Manland Casualty, a.,.,..
N'atL Bank of Com.. I3VT. - aH
Merch. Mech. NalL Bank -.. tt
National Cnion, 109 -
- RAILROAD STOCKS.
AH. C, L of Cunn-. 109. 127V4
Oa. Sor at Fla. 1st pfd., M (7
Northern Central, 01 -CI ,
Seaboard Air Line- ccm- 100.. i Vi
Mont. T. com...,..-.. (3
United Rys. ft Her. Ca. 50. 37H
A. Q L Coar. Deb. 4s .-'. 9
Carolina Central 4a - S7
Oa., Car. at Nor. lit Sa. US,
Oa. Bou. at Fla. 1st Sa, ISO - 104
Ca. Ala. Cos. St- 1:'
Seaboard 4a (stamped) .... SJU
AtlanU Con. St. Kj. Sa. 1X9 VOK
B-. 8. P. at Chea. 1st 4Us. 1951 97V,
B. T., N. B. Die. lat Sa. I94L VH
Chicago Rrt. St........ 9Sa
C. C Ry. G. aV E. Co. St, 1993.
Fairmount ft Clirta Sa.
THE WAR DAY RY DAY
. : Fifty Years Ago.
M7 22, lm-Gm. SkUa-'t Cky Cmmtwi rf 19J Km IM
Purak Rmt tt WUto Hnn tm lb lUtan Marc, fnm At VkWr
Maryland Ere. Bys. Ss., 98
Near. N. ft O. It. 1st Sa. 1931. 98V1
Nevrpu N. A O. It. O. XL Sa. 1941 CPs
L'td. It. ft B. fund Ss. 1X34 86,
U. .It. ft Ji lit Is. 1949 - FTi
P. B. ft B. Inc. O. 1919 04
Waah., BaL ft Annan. Sa. ,
EUborn Xud com...., 21
Klhorn Fuel S. - 94
EUborn IlIkI iad. ..- (TV,
Canton Caw 100...
Com. Credit pfd
Cotton Duct Sa.-
Cotton Dock -Ss, ctfs
Consolidation Coal. KO....
Con. Coal Ref. Ia
Fair, (laa pd,
Penn. W. P. Ss
Fumlahed by VT. B. Uibba ft Co.
Adventure ...... 1
Calumet ft Arizona..
Calumet ft Ilecla
Michigan ... ......
North Butte ,
united Krnlt. - 157
Ctih Consolidated 104
actoria - ..... 2H
Wnlrevinp -....- t!U
United btata KmeMrc - 31H
lnlted,SUIes Sracltinj ra'd ..... 434
(Iranbr - 83
rurnlshed by W. B. Hlbba ft Co.
PORK Open, lilzb.
July. - 7O.10 20.10
September. 30 05 20.0S
July 1015 WIS
September. MJO 10J5
July S 11 r
beptrmber 1141 1LC
CHICAGO GRAIN MARKET.
Furnished by N. L. Carpenter ft Ca
NEW YORK COFFEE.
FisnUhed by K. L. Ctiipfoter A Co.
Januizr ................ W fjK
AprQ.oaaa Ma.. $Jti
Mt .7........... ID
Jane. a a.. ... ...a. .... . . S.t9
JolTl.ta.. .......... LSI
8eptexnber....M......a... .T. LTD
October....- . .,., ,... Lit
Nor4Ember.. .,..,MM... .. aU3
aDCCCffiMT.. . a.... r. . ...a, 9 Q
NEW TORK MONET.
"New Tork. Mir TL-Moner ooened 11 n- -
hgh.3 per rest; low, 1 per cent; dose, IS per
cent: ruling rate, IK per cent.
Censored relaxation i,b noted. In the market for
fixed date funds. Lenders are again a trifle xnore
liberal mlhtheir offerlnrv but th is lltll. -
KaaawsT fcahcoaaing ia tbe v,rf Itajajoted toaalry.
Savannah . ...
.,. .. .
...... 9.271 12.883
OUTSIDE SECURITY NOTES.
New 'Tork, May 2L The market for curb ae
euritiea waa quiet and featureless today. Pricea
of Standard Oil Issue rose listlessly, but others
ruled barely ateady. Anaoarncetnetit by the Standard
Oil of California of a cut in the price of Its
product sent that slock down eight pointa and tend
ed to reaction In other Standard Oil Issues. Busi
ness, bowerer, was limited.
In other indtutriala there was some strength.
notablr th. BBtomobQa stoefca VXillia Orerland
mmmon sold at 73, a fata ca-lp pointa.' and the
preferrad want tip to 954. XaxweB Motora ad
taaced abeui 1 ppiass far tkt.iot prafarrad aad
Bailey. - 92s
Buffalo - LU
Canadian Gold and 8Utrr..... 97
City of Cobalt. -
Crown Reset ve.
Hargravea ..... .,
Kerr Lake. 77
La Boae. . .
BALTIMORE WHOLESALE MARKET
," - ' -
Baltimore. May ZL BAT No. 1 timothy. ltOOa
tUS; standard timothy, lUCall 00; No. 2. 17J0aII.;
Na 3, 15,0Cal(J0: light clorer, mixed. 17 60all.OO;
No. 1, 17.01: Ma 3. llsOaiftSO; baary, lUOaHJO; Ko,
1 clover, mixed. lUSOalf 09;' Na X UaOallsO; no
eaUbllabed grade. H.00.H.M; sample hay. aa u
kind, cmallty. and oondtOon. UBals.00.
8TBAW-N0- 1 straight 0: new. ILSOaH 09:.Na
i atntistrt ry straw, new. lUOal3.0: No. 1 tangled
Furnished by W. B. Bibbi ft Ca
WHEAT- Open. WUu. Low. Clo
July - 894 OS 884 884
September 874 874 864
Juiy. - (74 (74 (7
September. (54 (S4 (64
July. . 394 394 384
Sertember 334 384 374
Quotations siren below are for large lots of gaol
marketable gooda only. Jobbers' pricea are higher.
Lower grades may be told for leas. Fancy goose
brought higher pricea.
Receipts of live stock, pork, and poultry were
about normal for the season, and tbe market ruled
steady at the figures given.
Fruits and regetable were marked by the beary
recetpta characteristic of the season. Quotationa
in general remained steady, but the tendency waa
to weaken. Tarns, beets, and cabbage declined.
Jeary receipts of peas, with moderate pricea, klUed.
4Jn some degree, tbe market for asparagus. Straw
berry rcceipU, especially goods from Norfolk, In
creased, and ta active demand prevailed at rea
acoable prices. It wsj exprcted that the home
crown crop of strawberries would be heavy thla
year. Other gooda were unchanged.
GREEN GOODS-Tama, per bbL. LOOaLSO: sweet
rotators. North Carolina, per bbl, 1 OOU3.00; da.
native, per bbL. LSOalOO; potatoes, per sack. 2,13a
150: da. Na 2. per bbL. LOOaLSS: Florida new
potatoes. 5.50a6.00 per bbl ; beana, Florida, per baa
ket. TSsLSO; da. South Carolina, per basket.
LOOalS: cabbage. South Carolina, per crate.
L5BaL75; carrots. Southern, per bunch. Sal; radishes.
hciuegiuwn. per 100, LOQaLSS; lettuce, per basket.
BOslS; cymbUngs, per crste, LOCal.ff; celery, per
dotes. (OaLOB: via. Florida. small, crata.
L7Sal3S; cucumbers, per basket. UOaUO; Ber
muda onions, per crate, 2-3Sa2.S0: onions. Texas,
per crate, 3.273.50; beets, per bunch. Til; rgz
nlanta. ner case. LTSalOO: tomatoea. Florida, per
crate, choice, LOOaLTS; fancy, iOOaiSO; spinach, per
bbL. 50a75; kale, bbL. 4oaP3: Florida peppers, crate.
LSOaLSO; per basket. 135L50: peas, per Usket. LM
aLTS: cars, per crate, 2.5O3J0; asparagus, per doren
bunchea, 75a2.a; rhubarb, per Duncn, iriaz; caun
flower. South Carolina, per ballet. L25a7-M; lima
beana, per toaket, IShiOO
EGGS-Ncarby tlrstt, per doc, ISalJH: Soutbem,
FRESH F1BB AND CRAB3-IPrlees gires below
are by the pound unices otherwise stated.) Butter
and start, large. SalO; carp, (all crocus, per bbL.
4U0; mackerel, 20; rocs, boning. 30; da, medhrm. 17;
da, pan. D; white perch, large, 13; do. white.
amaD, 10.12 ; yellow perch, large, 134: do- amalL 1;
salmon trout. Nail; (ray trout, large, talO; do.
araaD. SalO; flounders, KS134; catflao, lfatf; green
pike, native. 13; eels, medium to la, (al; spots,
targe, 15; talters, large, 13: sturgeons, dresaed. a;
do- skin on. 20; dame, per 100. L20; mappers, aa to
aire.' Mali; shrimp. "per 4t- 33: bhiefljb. fresh. 15;
salmon, fresh. 39; fresh cod. 15; haddock, 10: Spanish
mackerel. 15a30; Boston mackerel, each, 50; shad,
roe, each, 73; da, buck. each. 40; lobsters, 40;
oft crabs, per dot., fosl 03.
BCTTER-Best print, tew. per lb, 34; tub, per
lb., 334: process, per lb , 214s22: under grade, per
lb.. 22a23; store-packed, per lb. Keif.
LABD Tub, pure, per lb., U4al24: da, com
pound, per lb.. i Cottonseed oU. per can. ISO.
DBE83ED GOODS-Dreaard pork. Ught-weighta,
ner lb, llsl: da, heavy, per la. law. t
CBEESE-New Tork. new. per ID.. I; sat, per
lb.. II; Swiss, domestic, per lb- 33; da, foreign, per
LIV74 POOLTRT-Bent. per lb., raITU: rooatrra,
peTb., 1U12; ducka. per lb., 1UH; turkeys, per lb.,
14oU; sprint 'Chickena, per lb.. 30a33.
DBESSED'IICED) POnLTBI-Chlcktoa. per Th,
"ta25; hem. choice, pet lb- 18aft; ducks, per lb..
ISallr turkeys, per lb-JSaK; roosters, per lb., 14.
rSDITS-APPua. per ooi.. tuarua; lenio. per
box, zJSaLOO; ornages. Calif cm la. per box, 3 OOaSJO;
dn Iflnru. xsoa4.00: plneapplra. ploea, per crate.
UsalTS; Jbnea, per 100, 85x1.00; grapefruit, per crate,
lOOatOO; strawberries, per crt- Cali
LIVK 8TOCK-Veal calrea, choice, per lb.. Ill
raedtum. per lb., 10; common, per lb.. Ia9; spring;
lambs, per lb., 10a W1- fat wool sheep, par lb.. J;
oa, dlppscl. rcr ia. saa. -
Fifty year aco today Gen. Sheridan's
cavalry command of 10,000 men crossed
the Pamunkey river at White) House on
its return march from the vicinity of
Richmond to the Army of the Potomac.
Sheridan's first rcat cavalry raid waa
nearlng an end. On .May he had left
thcic!n!tyof SpotUylvanla Court House,
where Q rant's army was facing; that ot
I-ee. forjthe purpose ot cuttlnc Lee's rail
road communications with Richmond and
dratrlnc away from the scene of hostili
ties the cavalry fece of Uen. i. hi. a.
Stuart, which waa threatenlns the rear
of the Federal army and Its wagon
trains. He had met, Stuart In battle at
Yellow Tavern, near Richmond, on May
11. and had "defeated htm. the Confed
erate leader belnc mortally wounded.
After Infllctlnc this heavy loss upon the
Conf ederao for Stuart was its foremost
cat airy general Sheridan had kept on to
the outskirts of Richmond. Here he had
encountered a line of well-manned earth
works, where he had become engaged,
but turning- to the left he had skirted
the city, and without serious loss had
reachrjd-the James river at Haxalls Land
ing on May 14. An attempt to capture
Richmond waa not part of his program.
Sheridan had remained four days at the
James, resting his mommand, shoeing the
horses and receiving supplies from the
transports of Gen. B. F. Butler's army
of the James, then operating on the
south side of the river.
Want of Fallh la Bsiller.
The presence of Gen. Eherldan'a com
mand In proximity to Gen. Butler's army
of the James was to have an Indirect,
but by no means Inconsiderable Influ
ence upon succeeding events In the ca
reer of Gen. Butler and some of his sub
On the day before Sheridan's arrival
at the Jjmes rier Gen. Butler had en
gaged In battle with Gen. Bauregard at
Drewry's Bluff. e had suffered heavy
loss, and had withdrawn from the field
to Intrench himself at Bermuda Hun
dred. Sheridan and his officers took a deep
Interest In the situation of Butler's army.
They believed that Gen. Grant had been
influenced to entrust Gen. Butler with the
command on the James river by" the
wishes of President Lincoln. They saw
that Gen. Butler was at loggerheads with
his corps commanders. Gen. VT. F.
("Baldy") Smith and Gen. Qulncy A.
Both Gen. Sheridan and Gen. James H.
Wilson, one of his division commanders,
hsd served with Smith at Chattanooga,
where Wilson was on Grant's stjff and
Sheridan commanded a division of In
fantryand they had formed a high
ODinlon of his abilities. As a result of
their stay orr the James Gen. Sheridan
andaGen. Wilson were deeply Impressed
with the view that' there should be a
change in the command there without
delay. Each wrote his views to Gen.
(ajwrlatt. Hit) a)
versa on the James, and bad made tip
his mind' to order' Gen. Smith with his
division to Join the Army of the To
Umsc'oand to leave- Gen. Btuler when
he waa until the isme of the battles be-
fore Richmond had been decided.
" Im s PrraMeat'a Utrsvr.
Sheridan's orders for bis return march
were Issued May 17. No definite news
from Grant waa received by Gen. Sheri
dan during his stay on the James, and
he did not know where to look for the
Army of the Potomac. He Siellevrad
that by taking an eastward course, aa
near tidewater aa possible, he would
encounter It. for Grant's plan of cam
paign provided for a movement upon
Richmond by a route that would ke-p
the army always in touch with sources
of supplies by water.
The return route of Sheridan's column
a, mighty concourse of horsemen, who
when riding four abreast; made a line
13 miles long aL first lay through tbe
devastated section of Virginia that had
been the scene of Gen. McCIellan's pen
insular campaign in 1862.
The country was largely swamp and
abandoned) plantations. The roads were
few and (deep In sand or mud. Tho
streams were swollen and bridgeless,
except for the Chlckahomlny. which the
command crossed at Jones Bridge,
where Grant's army was destined to
cross In the opposite direction less than
a month later.
Sn hard waa the wav that on May 11
'the command covered but five miles and
on May 1 but three mile, oeing De
layed by the necessity of bridging
streams,-swamps and bog holes.
On May 19 Sheridan's column bivou
acked at Baltimore Crossroads, be
tween the Chlckahomlny and Pamunkey
Rivers. Sheridan planned to cross
tbe Pamunkey. the largest stream be
fore him. at White House, where he
could get In touch with the navy, se
cure forage for his horses, and possibly
receive news from GranL
In the advance next day the column
passed the home of President Tylers
widow. Here the officers were cour
teously received, and, in exchange for
protection, were treated with straw
berries and cream and, other luxuries.
The (former President's library was placed
their .dlsDosal and here the more
studious, while waiting to advance, read
vi .. sniitiirir" the "Life of
the Kind of Bank
U You Want
to Bank With?
Thai If rmser Stuart Company
has a capital of 33.Ceo.tfiO. It
started right, with Its capital
fully paid In before It opened
Its doors for business. Capital
enough to make) It as solid as
the "Rock of Gibraltar.'
it HT ?
Zlmmermann's "Solitude." tne "LJie 01
Thomas Jefferson," ana tne ao .
Suwarrow," the great Russian general,
who was noted for never hesitating to
attack his enemy, whether moving or
in position, and between whom and Grant
the people of the South were already
drawing comparisons, terming the Fed
eral General "Suwarrow" GranL
Halt ova the Mattapony.
As the column advanced Gen. Sheridan
had sent a courier to Fortress Monroe
to request that a pontoon bridge be sent
to the White House for the use of his
command In crosslner the Psmunkey.
i n ,!,- TVhll YfniiK hnwever.
GranL They dispatched them by sop- he found that the York River Railroad
arate couriers, feeling that no time bridge waa standing, aunougn oaniy am
should be losL Kach recommended that aged by fire. Troopers were at once
Gen. Butler be relieved of command and sent In every direction to search for ma-
that Gen. Smith be put in his place. Each ' terials with which to rebuild the bridge,
believed that If this were not done dis-j Ever" sort of building that had escaped 1
aster would follow. ) complete destruction was torn down to I
By the time this suggestion reacneu . supply planks and Doaras. ana in two
Grant, he had received news of the re-1 da s the bridge, a high one. 370 yards
long, was ready for the passage of the
Meanwhile. Custer's brigade had been
sent otf northward to destroy the bridges
of the Fredericksburg road at Hanover
Creek, and Merritt's and O. McM.
Grega?s divisions had been thrown back
toward Richmond as far as Cold Harbor
to cov er Custer.
Custer had destrojed two bridges but
had met with such firm resistance from
troops that had been sent up from Rich
mond that he turned back without any I
further advantage. Custer learned, how
ever, that the Confederates were massing
infantry along the North Anna River
to protect the bridges there and insure
the crossing of Gen. Lee's army, which
was now marching; to forestall Grant j
at mat point. .
With the return of Custer to the
command, Sheridan gave the order for
an advance. The next day the Matta
pon River was crossed at A) lefts,
near Dunkirk, and the column btv
ouaced near the river. The men were
hot and dusty. The cool stream look
ed Inviting, and there being no signs
of the enemy, whole regiments and
brigades were permitted to go swim
ming. Soon the river was filled from
-a - -j.aa&sta.-..'. W-i: tsJ-Jk-X.
a.." '-.eiist.ieViifaJ nil I II' si rilM'n liilsMM is IIM lTii - -TTT" ---- - -. ---"-"
rye straw. ILeOallJO: Na 1 wheat straw. aJCaLm,
wheat straw, a z. T.NtMO: Na 1 oat straw, IL(K anDS-Clover alfalfa, per lb.. ISaH,- crimaon,
alLge; No. X oat straw. sUOalLSB. ft.ni. u.u: red too (tor herda' grade), per uv.
LTVB POfJLTRT-Oilrkena. old bens, kaarry. Th. I fiaJS! bine crass, per bush.. UOsLTS; German mil-
mal-da, small ts vswllms. fhi lTHalt: do., old w i huh. vjOaZOO: cowpeas. black, per bush..
roosters, laall-do.; your. Urge. zsaS: kw woaft xti: da. whlp-o'-win. per baah, ,2.73; aoja beana,
and arjaaly,,fa. llaiiTclt. winter. M It, asd liinloth.yelloV. per bush.. 3.03.
3ss33; da, spring, averaging 1 to.lVi R-.3sa31;h wax. BTRAW. AND COBN-Hey, beat timothy,
cfe. savtBar iirrsanaa fm Bx. SMI; ctaeka JwJk.lW t W: dA.,nediu. VM; straw, keg rye,
ft ton. IS 00; wheat atraw, per ton. 8.80; corn. ear.
per bbl, LOI. I
WOOL AND HIDES-Wool, waihed. free of bum.
per lb.. 7?a28; wool, tmwaahed. per lb., SDa33; hldea,
dry, per IN, ISaTfi: salt hldea, dry. per la. 17a3:lt
hides, per lb. 13; caUikins. green, each, LSOaLTS;
green hldea, per rs.. 13.
WASHINGTON STOCK EXCHANGE.
caIee-Rea-alarean, 13 o'clock noon:
Potomac Electric cons. 5s, 11000 at KKS.
VYaihington Railway Ja. WO at M.
Capital Traction. 20 at lOHa.
VAashirgton Railway pfd.. '0 at 84a, 13 at S4VL
13 at. MS. i at HVi. 13 at 84.
MergenthaVr. 4 at 315. 3 at 2K.
Lanston, IS at ST-j, 10 at 13V, 30 at SK, K at
Capital Traction 5a. J3C0 at 1C8.
Georgetown Gaa cert, ind 5a. 103
Georgetown Gas 5a... Kl
Washington Uva ss tui
CoL Gaa Jt EKctrlc Sa.. 70
CoL Cas A Electne deb. Ss. 43
Capita! Traction 5a. MTU
Anacoatla a Potomae Ss 100
City Suburban Sa. 101V
Columbia Sa.T. luS'a
ColumbU ts...... M0"a
Metropolitan Ss Nl
Washington Railway a Electric la .. . 83V
Washington, Alex. A lit. Vernon Sa ... 85
Waahlagton, Oaltimsra & Annan. 5a.... t)
Potomac Electric cons. Ss 99
Potomac Electric Light 5s KMVi
Chesapeake ac Potomac Telephone 5a.... 104
American Telephone & Telcgraib 4a ... 98
American Telephone a Tdegraici IHa.. 87
Washington Uarket Sa, 1917
Norfolk a Washington Steamboat Sa ... W44
Klggs Realty Ss (long) K14
Rlggs Realty U (abort) HO
PUBLIC OTiUn STOCKS.
Capital Traction..... 99ta
Washington Railway It Electric com.... SSVt
Washington Railway a Electric pfd 8I
Washiugton-VIrginia Kailaay com..... a
WaahinaTcn Virrinia Railway pfd t
Wash.. Baltimore a Annapolis com.... 9
Waah.. Baltimore a Annapolis pfo. 23
Norfolk a Waahlngton Steamboat 185
Washington Gas 74'a
Georgetown Gaa. 103
American Telephone a Telegraph 122
TXPE MACHINE STOCKS
Mergenthaler Linotype 2154
Lartitoo Monotype 83
NATIONAL B4.NK STOCKS.
Capital - 205
Farmers a Mechanics' 350
Rlggs ...........-.. 333
National Bank of Washington 240
TRUST COMPANT STOCKS.
American Security a Trust............. 289
National Savings & Trust 3E7
Union. Trust r 1324
Waahlagton Lean a tTuat.............. 375
Continental Treat 118
SAVINGS BANK STOCKS.
Borne Savinga. 375
Bank of Coram-rce a Savings............ 13
East Waahlngton.- - 15
FIRE INSURANCE STOCKS.
Arlington . 13
CoToorin ....... ............ aa
Firemen's ........ ......" 11
Qennau-Amerlesn ..........,.......- 3sw
National Union H
TITLE INSURANCE STOCKS.
Chaptn Sacks ................
District of Columbia Paper Mfg. Co..
Merchants' Tranafer a ototage.
Waahlngton Market ....
shore to shore with splashing, shout
ing oung men. who for the time for
got the cares, fatigues and dangers of
Back to the Army.
During the halt at th llattaponj
Sheridan learned that Grant had
marched southward from Spottsylvanla
toward the North Anna. This informa
tion determined his route for the re-.
m-tlruvpr nt Ilia rglrt dud tn Vov 1 '
Sheridan rejoined the army In the vi
cinity of Chesterfield Station on the
The cavalry had been absent six
teen days, during which time Grant's
command had been entirely free from
attacks "by Confederate cavalry and
Lee had been deprived of this very Im
Thla and the death of Gen. Stuart
had been the main achievements of the
raid. The breaking of the railroads In
Lee's rear had not.been sufficiently ef-
C fectlve to Interrupt traffic for more
than a week, but the moral effect of
this 'interruption at that particular'
nine was very luairavea in xticmona.
The Confederate goa-ernment, in facL
had been cut off from all communica
tion with its forces in the field, except
Sheridan brought his command back
to the army In better condition than
when It set ouL The service had not,
been arduous. In Its sixteen days' ab
sence, the column had marched 14
miles, resting four days on the James
and two on the Tork rfvers, and riding
ten days, averaging fourteen miles a
day. Its losses Were sixty-four killed.
SS! wounded and 221 missing, a total
Immediately on Its return, the cavlry
was assigned to duties that were to
culminate In some of the bloodiest
cavalry fighting In the war, at Cold
Harbor, the first week In June.
BIG CONCEM? BANKRUPT.
New Tork. May 2L The Youmans'
Company, one of the largest hat manu
facturing concerns in me united rotates,
through its president, E. M. Youmans,
today filed a voluntary petition In bank
ruptcy: The liabilities are placed at
tlHlH and the assets at eXSXL
Grant's Arany- at the
W. B. Hibbs fcCo.
hrw Ior Stock Exchanaa.
Washington tltoak Eicaaaaa
Chicago Board of Track.
LOCAL SECURITIES bought
and sold on aam favorabl
farms as w offar for trading
in New Tork stocks and bonds.
It MI 3 stent
II HT aterett
oa nnriil MTtap awesmb.
Interest compounded monthly
(twelve times a year) on the 2
per cent accounts and four times
a year on the) il per cent ac
counts, snd twlc a year on
the 4 per cent accounts,
and interest so figured
that the depositor gets a "square
deal" There are no rules, no
penalties, no subterfuges with
us that whittle down the rate of
Interest; and your money draws
interest every day it Is in Ths
Munsey Trust Company, how
ever long or short the time, and
every buslness.day In the year
Is deposit day.
The Munsey Trust Company
(s a seriius. substantia bank,
conducted on sound business
lines. Its methods are 'clean.
dear-cut. and straightforward.
It has no favorites, it treats
all men the same treats the
big man no better than the
little man. and treats all alike,
with well considered courtesy.
If this Is the kind of bank
that appeals to you. we should
be glad to have yon open an
account with ns. Measured from
every angle the Interest w
pay, and the way we figure
Interest, and the strength and
substantiality of The Munsey
Trust Company Is there any
other bank anywhere where
you can do as well? Think this
over It Is very much worth
FRANK A. MUNSEY, PretidenL
for any length of time
should avail themsehes
of our sen-ice to out-of-town
CHaye us care for your
investments. Our lengthy
experience and complete
facilities insure highest
CWe issue Travelers'
Checks, Letters of Credit,
and Foreign Drafts.
CWe buy and sell For
eign Exchange at current
PEVX. AVt. OPP. O. S. TBEJLSUBX.
915 F Street
Will Take Up
Thoae who have made monthly pay
ments while rajing the second trust
and denre to continue tbe muxw vstem
while raying off the first trust should
consult the Bnritable.
ApplicatioBi promptly acted on.
John Joy Enton. rrerdent.
IfTsnk t. tteeside. Secretary
BAUNHD SURPLUS .
, 11 OOP OO
. it one s
Funds for Your
should be carried in a form
that is safe and easily avail
taThe TRAVELERS CHECKS
and LETTERS OF CREDIT we
issue meet eery demand for a
universal currency. Have up
Cor. 9th and F Sts.
JOHN JOY. ED3074. President,
The Safest Investments
Are those that do not Uncinate dmtns dis
turbed cenditionj cf the money or stack mar
kets. First deed cf trust notes (firs: mort
I ata. well aacased ova real estate in the Dis
trict of Columbia, constitute -jjltedre" in.
vestment. They do not depend upon ths
financial rtrronsitality of lndlvidaala or cor-
per at Ions for their stability, and are exemst
from taxation aa perauaal property. W cas
supply such investments in amounts from 01
spwsrd. Sand for tool let. -Coneerolaj; Loass
SwartzeD, Rheem &
727 FifteeBtk Street rrvtiwett
al J Jfc . r " .4
ASi ,X " -V' - IT X-E
..?. u -
largest Morning Circulation.