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The World Finance Further Rise in Prices Marked the Opening. COVERINGS OF THE SHORTS i Early Advances in Large Part Were Obliterated. i LONDON GENERALLY HEAVY i 3)evelopments of Day's Dealings in Commodity Markets?Mixed Rail m O: _ T7 ? V. i Vvi fe way x i tiuui, AAaiuiM. f?i>ccl:il IHspatoh to The Star. NEW YORK, May 31.?There was no other explanation of the furcher rise in the slack market during the morning than the "favorable construction" placed upon the President's speech at Indianapolis by the professional speculative element. Foreknowledge of some portions of the address w.is commonly accepted as accounting for .'Wednesday's upward movement, and the perusal of the full text of the speech seemed - - i.1,^1,1 flV. 'to con mm me opinions ^iic?iuiui; m?>u ?j speculators as to its general tenor. The extended discussion accorded to the Indian oils addres3 la the London newspapers attracted some attention, but apparently operators in American stocks in London were disposed to await the opening of I the New York market before assuming an ; aggressive stand. The London stock market was generally heavy, and American stocks were decidedly irregular, and operations here for foreign account showed on balance an excess of sales to the amount of about ln.ooo shares. It was dirtlcult to abstract very much of | Jntires: and significance from the reports of the dealings in the local market. Such advances as took place during the .early ^f>art or the day appeared to represent for , the most part the covering of short contracts, and at any rate there was very little increase In the business of commission liouses. These circumstances would seem to indicate that the short interest in the market was more impressed by certain phases or the i'resiueni s auuresta uiau motors with contrary market predilections. At any rate there was quite a steady contraction in activity with the course of the business session and in the large majority of cases tlie extreme advances made earlier In the day were wholly or in large part Obliterated. Such recessions as were observed. however, appeared to reflect nothing more than the reduction in the short Interest, together with the realization of [protits by Wednesday's and this morning's ffcuyers. Some Early .advances. In the early part of the day a number of ithe active stocks advanced from one to [two points, and the dealings reflected quite a general distribution of interest. Owing , to the complete convergence of Interest ^And discussion upon the Indianapolis ad, dress the day's situation was a rr'her ifeatureless one. The chief developments jln other respects were the sharp advances I In the commodity markets and the engagement of an additional sum of $500,000 gold for export by tomorrow's steamer. ? Preliminary estimates of the principal movements In currency during the week [pointed to a loss In cash by the banks of nhout and a slight hardening In the rates for money was observed. j Little or tiothtng In the way or actual news or interesting gossip accompanied the movements in particular stocks. The day's returns of railway traffic were rather mixed exhibits, the very large gains in the earnings' of the anthracite roads being, of .course, accounted for by the strike which . Was in progress in the corresponding period ot Inst year. In the railway list, active trading again centered largely upon Reading and i'nion Pacific. Both New York .Central and Pennsylvania reflected occassional pressure, and from time to time there were signs of weakness in Atchison : and Southern Pacific, due, perhaps, to the construction placed upon certain portions Of the President's address. THE COTTON MARKETS. NEW YORK. May 31 -The cotton market opened firm at an advance of 15a37 jxdnts in response to the sensational gains reported in Liverpool and New Orleans over the local holiday and continued rains In the south. Trading was very active, and with heavy realizing at the new high records for the season prices eased ofT about ten points from the best shortly after the call. The market showed no sign of weakness, however, owing to continued covering and fresh buying, which was attracted by the very bullish private crop reports from the south, unfavoranie weamer ana expectations of a bullish bureau next .Tuesday. Futures opened firm: May, 11.30: July, 11.00: August, 11.51; September, 11.65; October. 1177; November. 11.87; December, 31.93; January, 12.04; February, 12.03; March. ofTered 12.08. The market eased oT about 11 to 13 points from the best during the middle of the morning under heavy realizing, but rallied toward midday to practically the opening figures on bullish private acreage and condition reports. Trading continued very active and sentiment appeared bullish. Sp<jt, quiet: middling uplands, 12.75; middling gulf. 13.00. Estimated receipts of cotton at the ports today 7.<??> bales, against !>,774 last week 8nd 10,*?7it last year. For the week, lio.m 0 bales, against 54,432 last week anil 78,!K)8 last year. Today's receipts at New Orleans 2.1*1 hales, against 1.S2S last year, and at Houston U01 bales, against l,2i>4 last yea r. NEW YORK, May 31.-There was a very active opening in the cotton market today, the January option selling above 12 cents a pound and the general list showing a gain of about 1.1 to 37 points on reports of a bad crop and a strong Kngl'sh market. Torino's Summarv. l-'iirnUlifil by I>ii*k Hrov. & Co., 1412 11 st. n.w. 'PU'rtn'H Main ti4W-fJI41. NEW TORK COTTON. Open. High. Low. 2:00p.m. May 11.40 Julr ll..^? 11 tW 11.41 11.62 tfc-MlN-r 11.77 12.04 11.09 11.97 iMvruihrr 11 02 12?9 11.H1 12.01 January 12 04 12.10 11.92 12.10 NEW ORLEANS COTTON. Open High. Low 1:00pm. July 12<W 12.00 Octolxr 12.27 111.40 12.22 12.40 !>**< rtul**r 12.24 12.41 12.23 12.41 January 12.29 12.20 NEW YUKK COTTON, 3 P.M. July 11.SO ?>' Tirtvr 11..H7 l"nftnlirr 11.95 January 12.03 Liverpool Prices. LIVERPOOL, May 31.?Cotton: Spot, moderate business done; prices 11 point3 higher. American middling, fair, 8.48; good middling. 7.U4, middling. 7.4<?; low middling, 7."?i. n.x.d ordinary. 6 4"; ordinary. #.02. The sales of the day were 8,000 bales, of which l.uuu were for speculation and export, and ln< luded .' ,." <10 American. Receipts. 10.000 bale*. im iuding l.'i.MW American. Futures opened Uria and closed barely steady; Am? ! :iti middling, go.c., June, 0.80^i. June and July. 0.??H; July nnd August. 6.67: August and September, 0.i8^j; September and Ui twtM'r. 0 0.4; October and November, 0.47; November and December, 0.44; December and January, 6.42; January and February. 0 41; February and March, 0.4J; March a::d April, 6.43. \ Gold Engagement for Paris. NEW YORK, May 3i.?Goldman, Sachs & Co. announced today the engagement of $800.<>00 in gold for shipment to Paris tomorrow. of i and Trade NEW YORK STOCK MARXET. Furnished by W. B. HIbbs & Co.. bankers and brokers, 1419 F street, members New York stock exchange, Washington stock exchange and Chicago board of trade. Open. High. Low. 2:45. Amalcnmnted Copper... B1'4 80S4 85% Am. Car A Foundry 281, 19'4 iS<4 88S Am. Car* Foundry,pf<l. Wis* 98vJ !8^ ssy< Am. Ire Securities 70?jj 707^ 70~g A men ran J.ocoraotlve-. &6V4 ?>o o iy^ American l.oco.. pfd American Smelting...?.. JIB'S 118 115% 116 American Smelting,pfd.. 116 106 106 106^ tAmerican Sugar .. 119% 1WJ6 11% H9;'a American Tobacco, pfd. .. ... Anaconda 6B4 58 % 57'4 &'>% Atch.. Top. &R F mi 89^4 88'^ 88% Atch.. Top. Si. S. F.,pfd? <-8 93 93 W Atlantic Toast Line. 97*f 97H W 96 Baltimore 4: Ohio 94^4 95 94V? ?4% Brooklyn Kapld Transit 51J4 82% 61 61 Canadian Pacific 168;4 169% 167*4 167J4 r r < ?i- St I. Central Leather *23% "2*3% 23% 23% Central Leather, nfd Central Kv. olN. J 1,-5 175 174 174 Cbe?ai?ake.t Ohio !Y1% S5 34% 85 Chicago tireat \\estern.. 10 10 ?% 10 Chi., Mil. Jt St. I'aul 12<?% V-~V* 12R% 126% C. <t N. W 14t# n;>4 144-4 MIS Chi. Ter.it T. Trust. pfd_ ......' ....... ...... Colorado Ktiel i Iron.... 29Vt ?0% 29% 29% Colorado Southern 22% 23 22% 22*4 Consolidated Gas. 119% 119% 118 118 Corn Products Corn Products, pfd _ I>elawere A Hudson.. 166% 166% 163% 1634 F>.. L.4W . * Denver & Klo G. Ity...... 25% 25% 25% 26% Distillers' Securities 63% 63% 63% f3% Krle. common "1% 31% 31% 314 Frie, 1st ptd 66% 66% 55% f 6% Erie, 2d j?ld ?6 86 36 85 General Electric 140 340 140 140 Great Northern, ptd 126% 127% 125% 126% Greene Cananea Great Nor. Ore, Cts...? --? --- ~i" Illli.ols Central 137 137 1.17 187 Intcrboro Met ? 18H IKi 18 < '<>< Interboro Met. pt<l 81J4 6 S International Paper.? --- -ry~ Internatlonal Pump U if Kansas City Southern... 5MJ4 ^ Kansas City So., pfci 60% W& 0/4 Louisville it Nashville- 11- M2)4 1"H llls* Mamavcom Mackav pfd Manhattan Klevoted 1S6 IPS 136 136 Mexican Central 191-; lyvj 19'^ ly% Mo. Kan. A Tex .com... 32H J24 813* 32 Mo.. Kan. Jt Tex., pfd.? (3 tf 63 63 Missouri l'acltie TP/t 73>4 73'4 73>* Natlocal Lead 59y, 60?4 59S 60 New York 1 entral.. Jll 111% lOffSfi 100 N. \ ., Ont. A Western... i.!% S3'4 32H 32'* TXoriolk A Western ? .. Northern 1'acltic ;24 128 Y? 123% 123J-4 l'arilic Mail steamship.. .'. Pennsylvania K. K !OT; 120;J 119^ 119;* I'eople'st.asoH'hlcago.. 89>* 8914 Wj Pressed .-teel Car t2Vf 82?4 8IJ4 81J-J Khllway Meel Springs Heading 10014 jq2 (9'4 100', Republic steel A Iron... 24>% 24>{ 24*4 244 Kep. Steel A Iron, pCd._ 85 ?ft 8ti a*> Roc It Island, common... 19M 10 19V: 1974 Rock Island, pfd ...... _....' - ?? Sloas-Sheflieid Steel ....... St. L. & S. V.. 2d pfd. Ft. Louis, S. \V? pfd - ....... Sot:'hern Pacific 11% 77S 78S% 76* Southern Pacific, pfd 110!^ Ill 110.54 111 southern Railway ls>4 19 18H 18^| Southern Railway, pfd. 57 6d,l-4 57 58 Tenn. Copper ....... - ? Tenn. Coal & Iron....... - ? Texas Pacific ....... ....... Toledo, St. I. A W Toledo, St. L. & W., pifd. Union Pacific IS*'/, 1J5?4 1S3X 183.S In Ion Pacific, pfcl United States Rubber S5>4 3SH 8?H V. S. Rubber. pfd. .. United stales riteel i&/i S4 S2?4 VP/* 1' M Stool t.fVi "*' . . fo/a oa/g ?<78 r4/'S Va, Car Chem. Co 2oW 26 2V/i 26 Ya. Car t hem. Co., pfd. 10s? 103* 103X 101X Wabash - Wabash, pld 23 28 22>% 22H Western Cnlon .. - ? ? Wisconsin Central Wisconsin Central, pfd- - -?- ?. V ook u t.oods 25 25 '?>'/* BONDS American Tobacco 4's... ?? Kock Island 4's 67 67 67 67 I*, l'ac. Conv.4'a..._ ? ?? tnitcd Mates fteelj'a.- tf5>4 16% H>4 t&i Wabash L>eb. b's ....... JExdlv., l%fc. tEx-dlv.. 2Va%. Closing Quotations. At the close of the stock market the following stocks had changed In pi'ce sine* above quotations, there being no change in balance of. the closing prices: Amalgamated Copper. S5%. Am. Car & Foundry. 38%. American Locomotive. 58. American Smelting. Anaconda, 57. Atchison, Top. & S. Fe. pfd., 88%. Baltimore & Ohio, 04%. Canadian Pacific. 107%. Chesapeake & Ohio, .14%. Chicago & N. W., 145. Erie common, 21%. Great Nor. pfd., 123%. Missouri Pacific, 73. New York Central, 109%. People's Gas of Chicago, 89%. Pressed Steel Car, 31%. Reading. 100. hock lsiann. com., Southern Railway, 18%. Union Pacific. 133%. United States Steel, 32%. United States Steel, pfd., 97%. Grain and Provisions Summary. CUICAGO, May 31,-Oraln: Open. Hiib. Low. Close. Wheat-July .... as 100V* 07% ttt'-i Sept ?!< % 101 % W.) luo^ Corn?July 53% r.4V, 03% Sept 53% 54% 5.".% 53% Oats?July 4?M, 50% 40 40M> Soot .''.n1- -tni~ :t?i 'Hli. CHICAGO, May 31.? Provisions: Open. High. Low. Close. Pork?July 10.47 10.00 10.47 1G.M) Sept 10.00 10.75 10.00 10.03 Lard?July 9.30 9.35 9.27 9.27 Sept 9.42 9.50 9.42 9.4.1 Kibs?July 8.92 8.90 8.90 Sept 9.03 9.07 9.02 9.05 i THE BALTIMORE MARKETS. Siy*clal Dispatch to. The Star. BALTIMORE. Md.. May 31.?WHEAT?Firm; spot, contract, 97; spot. No. 2 red western, 99; May. 97; July, 98%a99; August, 97V*; steamer No. 2 rod, UlaOP/i; receipts, f>.5L?o bushels; southern by sample. 70a9l; southern on grade, 91a97>4. CORN?rirm; spot, mixed, 60%aGO%; No. 3 white, tf3at#:'.>4; May. 60%a4K>3t; July. Glat?m; September. til** asked; steamer mixed, 58%a59; receipts. 10.410 bushels; exjK>rts. I,0o0 bushels; southern white corn, G0a03; southern yellow com, OATS?Firmer; No. 2 white, 52; No. 3 white. 50*au.">U^; No. 2 mixed, 47Via46; receipts, 0,313 bushels. KYE ?Firm; No. 2 western, export, 79a79; choice. S7aSrt; receipts, 14,572 bushels. HAY?ljulet, unchanged. Git A I.N FliKItiHXS-Very dull, unchanged. CURB QUOTATIONS. Furnlxhed III. It. Chapman & Co. (O. B. Chlproau, manager), member* New lork Stuck Exchange. 1301 i' at. n. w. Open. High. Low. Close. Kritixh Col. Copper.... Sii 8>4 8V4 8% Chicago Subway 2>) 'M I8V4 lfjv Culilt>ertun<l Kljr 8U &U hol 1>< tin Inl< ??j Copper (new) 0*4 0^0 tt l>?mKlaa Gopper 9% 9% ?H 9% Ely Consolidated 1% 1% 1% 1 % Greene-Cunanea 14l4 14% 14 VW 14 '/I Gre?*ne Gold-Silver.... 1% l'/a 1% 1% Greene Gold... . 1% 1% 1% 1% Micmac Gold 3% '6% 3% 3% Nevada-1'tab 4% 4ty 4% 4\ Niplssln* Mlue? 13 13% 12% 12% Philadelphia Stock Exchange. Furnished by Dirk Bros. & Co., 1412 H st. n.w. 'l'bouea Main G440-&441. Ol?en. Hlsh. Low. 2:00 p.m. Cambria Steel 37% 37Vj 37% 37% K lee trie of America. 9 15-10 9 15-16 9 15-lti 9 15-16 Lake Superior Corp.. 9\ W4 9% 9*4 Lehigh Nav. Tr. Ctf?. 82 Lehigh Valley 01*4 ^2'4 01 Vi ^2 Philadelphia Co 40% Philadelphia Kleetrlr H H H H KMiila. Rapid Transit 22li 22% 22% 22% Tonopah 15% 15% I'nlte?l Gas Imp 90% 90% 90% 90% Government Securities. Blrl. Askm!. 2 per ceuts, registered, 1930 104H 105'4 2 per cents, coupon*. 1930 104V, lor>1. 3 per ceuts. registered. 190M-18.... 102 103 3 per cents, coupons, 190s-IS 102 103 3 per cents, coupons, small. 1908-13 101^ 4 !~-r rents, registered. 1907 101 102 4 per cents, coupons. 1007 101 102 4 per cents, registered. 1923 129 ~ lTjy, | 4 tier cents, coupons. 1925 129 129^ UUitrict of Coiumlila 3-liis, 1924... 114V4 4 per ceuts, Philippine, 1914-34... 109^ 2 per ceuts. Pananiu IM'/a lOj'/i THE LONDON MAfcXET. LONDON. May 31.?American securities opened quiet today. Prices were 14 higher to % lower than Wednesday's New York closing. LOCAL FINANCIAL NEWS. Owing to the half-yearly Interest becoming due tomorrow on several of the bonds j listed on the exchange they were dealt In ex-Interest, and, as a rule, the difference in the figures quoted today and those at the last session of the exchange represented exactly the amount of the coupon that has Just matured. The Capital Traction fours were taken from the list, as they are to be paid oft tomorrow at a premium of 105 and two inonuis imeresi, wiin a liuli ul mc ceeds of the new 5 per cent bonds. The bonds of the last-named Issue were' dealt In for the first time In place of the rights. One of tlie 0 per cent bonds sold for and the bid rose to 1<>8%. which Is a point higher than the asking price at the close of business Wednesday. An advance was made in the bid for the Columbia Railway lives from 1<J6, which was the last recorded bid, to 107Va. A couple of bonds of the Washington Railway and Electric Company sold for blr,?. which was the bid price of Wednesday, less the $2 coupon. The asking price remained at that level at the close, and the bid was an eighth of a point less. . The Potomac Electric Light fives and the Norfolk and Washington Steamboat fives, less the Interest of J2.00, had the same figures quoted without any transaction. Rut languid Interest was shown In gas. The principal buyer of that security, or ?-<,, Vw.t- (-?f nrinHrml buvers Of t4> cent days, would have been a seller only there were no buyers. He offered any part of 100 shares at M, and the best bid for twenty-five shares was an eighth of a point less A couple of lots were taken at 04 and G4V?. According to a dispatch from Boston the statement Is made In banking circles In that city that the American Telephone and Telegraph Company will Issue $15,000,000 stock m m ?t a like nmount early <111.1 ouniiiivi nt, ^/ui , i...u u ..... ? next year. Tlie current quoted price for this stock is llfl?the lowest, with one exception for years?is believed to confirm this theory. It is also stated that changes of financial policy are being worked out, so as to make possible the wiping out of the floating debts of the constituent companies and tl- > keeping of the parent company financed ahead of Its actual cash requirements. The floatlug debt of the constituent com ~ of tho r*lnsf? pany operating tu hub h-iihulj -? of last year amounted to over $7.000,IXX>. In addition there are $1,000,000 5 per cent bonds and a stock issue of $"J,6o0,0(>l) The discounts allowed by the American Telephone and Telegraph Company to large customers in the long distance toll service are to be discontinued upon the termination of existing contracts or, when the terms of the contract permit, within thirty days. The purpose in giving these discounts was to Induce the more extensive use of the long distance telephone in competition with" the telegraph. This purpose having now been accomplished. it is claimed, the toll business is * ~ 1? ? * ' Kaela fnr all. The IU lie J7UL UU dil c^uai wau.a leased wire service, it Is stated, will not be affected in any way by the action taken in relation to the toll service. The 6 per cent certificates of Indebtedness of the Metropolitan Railroad Company mature tomorrow, and will be paid by the Washington Railway and Electrl^ Company. The outstanding issue Is $2^0.000. None of the other underlying bonds of the Washington Railway and Electric Company will mature until the year 1914. at which time the 5 and 0 per cent bonds of the Columbia Railroad Company, amounting to $1,000,000, will be payable. Under the iprms of the Issue of the 4 per cent bonds of the present company an amount sufficient for the redemption of all the underlying securities has been reserved for that purpose. Today's Government Becelpts. National bank notes received today for redemption, $772,255; government receipts from internal revenue, $1,551,088; customs, *1,327.085; miscellaneous, $&31.039; expenditures, Jl,;i79,0OO. Washington Stock Exchange. Sale*.?Regular call. 12 o'clock noon?Capital Traction 5a. $147 at 107% cash, $147 at 107% cash. $411 at 107% cash. $2,000 at 108% cash. $151 at 107*4 cash. Washington Rwy. and Elec. 4s, $1,000 at 81%. $1,000 at Kl%. Capital Traction. 10 at 133. Washington Rwy. and Elec. pfd., 10 at 78%, 2 at 79. Washington Gas, 23 at 04%, 25 at G4. Mitchell Mining, 100 at 3%. Franklin Fire Insurance, 10 at 40. After call?Washington Rwy. and Elec. com., 38 at 38. GAS BONDS. Bid. Askml. Washington Gas 4s * 93 ftft?? Washington Gas cert. Os 101104 RAILROAD BONDS. Capital Traction 5s 10?% 10ft Aiiacoatia and Potomac 53 100 103 City and Suburban 5s 102 103 Columbia 5s 102 Columbia 6s 106 110 Metropolitan 5s 107 111 Metropolitan Cs. B 100 102 Washington Rwy. and Elec. 4s.... 81% 81% Wash.. Alex, and Mt. Vernon 5s.. 98% 102 MISCELLANEOUS BONDS. Potomac Electric Light 5s 103 Nor. and Wash. Steamboat 5s 100*4 109 Chesapeake and Potomac Tel. 5s.. 103% Washington Market 6a 100 PUBLIC UTILITY STOCKS. Capital Traction 133 133% Washington Rwy. and Elec. com.... 37% 39 Washington Rwy. and Elec. pfd.... 77% 79% Nor. and Wash. Steamboat 281* Washington Gas 03% 64 Georgetown Gas 78 82 Chesapeake and Potomac Telephone 38 43 Wash., Alex, and Mt. Vernon 63 TYPE MACHINE STOCKS. Mergenthaler Linotype 207 200 Lanston Monotype 12% 12% MINING STOCKS. Greene-Cananea 14% 14% Mitchell 3% 3% NATIONAL BANK STOCKS. American 100 171 Capital 200 220 City 144 140 Columbia 295 313 Commercial 222% Farmers and Mechanics* 315 325 i.incom j->- i-t* Metropolitan 320 Hi BBS S?r> GOO Second 148 Traders' 140 155 Washington 385 400 Washington Exchange 123 150 TRUST COMPANY STOCKS. American Security and Trust 250 285 National Safe ISO 100 Uulou Trust 120 K13 Washington Loan and Trust 205 2iy Washington Safe 35 Union Trust Warrants 00 G2 r? A V I ?> lJ O oiuttwa. Home Savings 270 Union Savings 200 230 Merchants and Mechanics'. 13V4 FIRE INSUUANCI^STOCKS. Arlington 35 Columbia 9Vi Corcoran 73 Firemen* a 20 Franklin 02 German American 205 Metropolitan 80 105 National Union 7 People's Oty 6% Potomac 20% 31 Iliggs 8 9 TITLE INSURANCE STOCKS. Columbia 8% 5 > 1 E><.?ulo * fit IVt'tll w Washington S MISCELLANEOUS STOCKS. S. P. Service Corp 110 120 tjraphophone com 41 Graphopbone I'M 79 SO Security Storage 170 Washington Market 18% 20 Fidelity Storage 119% 133 Merchants' Transfer and Storage... 100 London Closing Stocks. LONDON. May 31, 4 p.m. Consols for money 84V4 Consols for account (July) 84% Anaconda 11% Atchison ,.... 91*4 Atchison pM......... * 97 Halt I more awl Ohio 97 ?4 Canadian Pacific 1J^% Chesapeake and Ohio 36to Chicago Great Western 10% Chicago. Milwaukee and St. Paul 1IK) De Beers 25*4 Denver and Hio Grande 20 Denver and Rio Grande pfd 72 Erie 22 Krie 1st i>f<i 57 Krie 2d pfd 30 Illinois Central 140^4 Louisville and Nashville 114>rj Missouri. Kansas nud Texas 33^ New York Central 114% V 11- IVoutorn "" '*13 Norfolk and Western pfd 80 Ontario ami Western :)2% Pennsylvania 02 Kami Mines 0^6 Kea'tiu:; Southern Hallway IU'4 Southern Railway pfd 5#V4 Southern Pacific .A I'Dion Pacific 13fS% Union Pacific pfJ 91 United States Steel 31% ('lilted States Steel pfd 101 Wahash 13 Wahash pfd 23 Spanish is 05 Grand Trunk 2SV& Bar silver, quiet. 30 15-lCd. per ounce. Money. 3?ja3% per cent. The rate of discount in the open market for short hills Is 3%a3Vi per cent. The rate of discount in th? open market for threemouths bills Is per cent. BULLS AND BEARS NEW YORK. May 31.?While it was generally agreed that the President's Memorial day speech would be favorably received, there was considerable difference of opinion in speculative quarters this morning as to if? nrnhahlo (mmprliato cffoff iinnn tllft stock market, rome financiers going as far as to say that the market would advance five points or more today. Other interests believe that the market would enjoy a moderate rally, but that, because of other conditions, great activity and materially higher prices should not be looked for just yet. It was pointed out that the group of daring speculators who have been the most Important factors in the market for two or three years cannot be counted upon now to buy to the extent which they were accustomed to do prior to the March slump. While an effort would undoubtedly be made to advance prices, not a few observers believed that It would be impossible to find a sufficient number of buyers to sustain prices for any considerable length of time. * * * Those who look at the situation in a broad way believed, however, that unless the damage to the crops proved to be more serious than is now indicated the general tendency would be toward improvement. It was thought that confidence in corporations and In the securities issued by them would gradually return and that consequently investment buying of the leading issues would steadily increase. It was acknowledged, nevertheless, by those who have the most accurate information that the crop situation is now critical and that due conservatism should be exercised in. the making of stock market commitments until it could be learned more definitely whether the crops would be reasonably good. * * * Robert Mather, president of the Rock Island Company, has just returned from a trip to the Pacific coast. He says that the development in California is surprisingly rapid. He believes that the reports of disorder in connection with the street car strike in San Francisco have been greatly exaggerated, inasmuch as when he was in that city cars were running with reasonable regularity all over the city, although the strike was supposed to be in full swing. In the extreme southwest, Mr. Mather says, unquestionably the wheat crop has been damaged considerably by drouth and the green bug. In Missouri and Iowa, he says, the crops look well, but that everything agriculturally is about one month late. WHOLESALE MARKET REPORT. Quotations given below are for large lots. Jobbers' prices from 1 to 2c. higher. EGGS.?Nearby fresh Virginia, 17al7H; West Virginia and southwest Virginia. 17; Tennessee. 17; North Carolina, 16H. BUTTER.?Creamery, fancy. 24%a2.'>; Western nests, 23fta24; seconds, 2-a23. Process, fancy, 21Yia2'J; .fair to good, 20a 21. Store-packed, fresh. 15al6. CHEESE.?New York state factory, new, large, 15Hal6. POULTRY.?Chickens, tprlng. per lb.. 30a82; hens, per lb., 14; roosters, per lb.. Toll' Ik ? O ? 1 M . 1-- ? I >ou, ncuiD, yCi IU., 1-ail , LUlftC>a, J?l lb., 12al4. DRESSED POULTRY.?Hens, choice, per lb., 15al0; roosters, per lb., OalO; ducks, per lb., llalit; turkeys, hens, per lb., 10al8; toms, per lb., 14al5. VEGETABLES.?Potatoes, per bbl., No. 1, 2.0ua2.25; No. 2, l.ooal.25; potatoes, N. Y. state, per bu., OOal.OO; yams, per bbl., 2.50a4.00; new potatoes, jer bbl., 4.00a 0.50; carrots, new, per bunch, 3a5; cucumbers, Fla., per basket, 1.50a3.t0; per box, 1.30a3.00; onions. Texas. Ktrmuda, per crate. 2.75; Bermuda onions, per box, 2.50; peppers, per carrier. 1.75a2.25; to uiaiucsj r m., yer carrier, i.iDUf.w; Norfolk cabbage, per bbl.. 2.00a2.23; eggplant, Fla.. per crate, 1.50a2.50; celery. Fla., per crate, 2.50a4.00; squash. Fla., per crate. 1.00a 2.00; snap beans, per bu., 2.50a3.50; wax beans, per bu., 2.00a3 00; new beets, per bunch, 4afl; lettuce, ^i-bbl. basket, I.OOal.SO; kale, per bbl., iiOal.OO; parsley, New Orleans, per bunch. OaO; spinach, per bbl.. 1.00a2.00; rhubarb, per doz., 20a 30; peas. Norfolk, per basket, 1.75a2.00; peas. North Carolina, per basket, 75al.50; asparagus, bunch. tta30. GREEN FRUITS.?Apples, packed, per bbl., 3.00a7.00; oranges, Fla., per box, 2.00 a3.50; oranges, Cal., per box, 3.50a4.75; grape fruit, per box. 3.00a5.00; pineapples, per crate. 2.50a4.00; strawberries, per box, tfalO; peaches, Fla., per crate, 1.50a3.00. HAY AND STRAW.?Timothy, choice, 23.00; -No. 1, 22.00a22.50; No. 2, 21.50a 22.00; ' mixed hay, 17.50a20.50; clover, 10.50a20.00. Straw, rye, bundle, 11.00a II.50; rye, machine thrash. 6.50a6.75; TT1ICUI, U. itv , uai 2>Lli**V, (icr lull, O.W. LIVE STOCK.?Cattle, extra, per cwt., 5.25a5.50; butcher, per cwt., 4.50a4.75; ordinary, per cwt., 2.50a3.0o. Hogs, per cwt., gross. O.oOaH.To. Sheep, 4.r>Oa5.00; lambs, spring, choice, 9.00. Calves, choice, per lb.. 7V6; medium, per lb., C^4a7. Cows, prime, fresh, each, 35.00a50.00; common, each, 20.0Ua30.00; old and dry, each. 10.00a 12.00. WOOL AND HIDES.?Wool, washed, free of burrs, per lb., 30a33; wool, unwashed. per lb., 2Ca27. Hides, green, per lb., 0; dry. per lb.. 16al8. Sheepskins, green, each. 1.25al.50: dry. each. 75al.25. Calfskins, green, each, 1.55al.50. CJKAIN.?Wheat choice. 90a93; fair to good. 84a87; ordinary, 73a78. Corn, shelled, white. 02a(>4; yellow, U2a64; ear. 3.20a3.25. Oats, western, white, No. 2, 50a54; mixed, 4!)a51. Bran, per ton, 25.00 a20.00. Liverpool Prices. LIVERPOOL. May 31.?Wheat-Spot No. 2 red western winter, strong. 7s Id Nn 1 California firm, 7s. Id.: futures, quiet: May, nominal; July, 7s. 2%d.; September. 7s. 4d. Corn?Spot?He3s dried, steady, 4s. lid.; old northern, firm, r>s. -d.; futures, steady; July, 4s. II1,^d.; September, 4s. 10%d. Building Permits Issued. Inspector Ashford issued the following building; permits today: To Benjamin F. Edwards and Scott Nesblt, for one two-story frame dwelling, in Sherwood subdivision; architect and builder, W. C. Brashears; estimated cost, $2,300. To Benjamin F. Edwards and Scott Nesbit, for one two-story frame dwelling, in Sherwood subdivision; architect and builder, W. C. Brashears; estimated cost, $2,000. Belmont Park Entries. BELMONT PARK, N. Y., May 31.?The following are tomorrow's entries: First race, three-year-olds, selling; seven furlongs.?Acrobat, lu3; Black Mate, 103; Kilter. 103; Rosemount, 107; 'Royal Onyx, 1<>2; 'Sailor Girl, 93; 'Golden West. luO; 'Ace High,. 105; 'Bright Boy, 95; 'My Bensonhurst Queen, 93; Punky, 105; 'L'Amour, 95. Second race, two-year-olds; four and a half furlongs, straight?Sparkles, 112; Seymour Beutler, 117; Arasee, 112; Nimbus, 114; Matcher, 112; Mombassa, 109; Sepoy, 119; King's Plate, lCJ; Robert Cooper, 112; Harcourt. 112; Ancient, 110; All Alone, 109; Cohort, 112; Raconteur, 119; Lady Winifred. 114; Donnell, 112; Gold Quest, 109; Falcada. 112; Goshen Star, 112; Karl G.. 112; Uncle. 112; Montclalr, 109; Aimee C., 109; Hartford Boy, 1J2; Beaucoup, 112. Third race, National Stallion, Ave furlongs straight?Masque, 117; Colin, 122; Royal Vane, 122; Ben Fleet. 122; King James, 122; Smoker, 117; Bar None, 117. Fourth race. International steeplechase, about two miles?Grandpa, 158; California King. 140; T. S. Martin, 145; Pagan Bey, 140; Rocket, 136; Mr. McCann, 134; Fallaheen, 133; Realm, 133; Toitr Cogan, 134; Brennus. 132. Fifth race, handicap, one mile?Blandy, 120; Kuroki. 122; Jack Atkln, 120; Dolly Spanker, 123; Ballot, 118; Saraclnesca, 117; Aletheuo. Ill; Sir Toddington, 107; Masninfello. 40tS: Eddie Ware, 105; Tileing, 105; Zienap, 100; Umbrella. .80; Campaigner, 92. Sixth race, selling, to be ridden by boys who have not ridden more than one winner, seven furlongs?'Durbar, 101; 'Glenham, 93; Kestral, 88; 'Oliver Cromwell, 100; 'Melbourne Nominee. 103; 'Shenandoah, 103; Bohemian. 100; *Gold Circle, 90; *Cloistress, 101: 'Rio Grande. 100: 'I.ittle Wr?nH? liw Bright Boy, 94; *1.'Amour, 90. Apprentice allowance claimed. \Veath3r clear, track fast. Belmont Park First Hace. BELMONT PARK N. Y? May 31?First race: Three-year-olds and up; seven furlongs?Griraaldi, 15 to 20 and 1 to 5. first; Kiamesha, 2 to 5, place, second; Marster, I third. Time, 1.26. LABOR BOW OVER BEER 2,000,000 FOB WATER WAGON OB TO QUIT BEVERAGE. CHICAGO, May 31.?The last barrel of "union" beer In Chicago and the -whole country, according to an edict of the American Federation of Labor, will be manufactured at midnight, the brewery workers' union will cease to exist In the eyes of the national labor leaders and the two million organized working men in tl.e United States will be asked to get on the water wagon or use some other kind of beverage. The brewery employes have rebelled against Fresident Gompers and the national labor executive council, and they are to be disciplined. The method adopted Is that of expulsion. Secretary Kemper of the local union said the 3.000 brewery workers in Chicago will go on brewing beer whether the American Federation of Labor regards it officially as a "union" product or not. i'lie trouble lias been growing lor several years. Two months ago the national labor council met In Washington and gave the brewery workers' union until June X to comply with an order to oust all engineers, flremen and teamsters from its organization. These men were under the protection of the union, which was in conflict with the principles of trade autonomy upheld by the federation. The brewery employes j then took a vote and H8 per cent of the membership favored resistance to the order, which brought about the present situ- j ation. Samuel Gompers, president of the Amerl- 1 can Federation of Labor, is in Boston on matters connected with the organization, and. therefore, could not be seen in reference to the strained situation Involving the International Brewery Workers. It Is known, however, that the Jurisdictional disputo between the brewery men on one side and the engineers, teamsters and others, not strictly engaged In the business of brewing beer, has been a bone of j contention In the federation for several years, and has even threatened the disruption of sefreral labor bodies, the officers of which claim that the brewery workmen were Infringing on their prerogatives by compelling teamsters, flremen, engineers and others employed In and about brew- 1 eries to Join their un on. , It has been the contention of the Brewery Workers that every workman employed 1 In the breweries should be a member of | tho Rrpwprv U'nrkprs' TTnion. whether he carpenter, driver, engineer, fireman or what not. To this contention the international associations of engineers, firemen, etc.. took excection and appealed to the American Federation of I-abor. At the last meeting of the executive council of the federation, held in this city, the decision was reached to settle this jurisdictional fi*ht once for all time, and the brewery workers were instructed, it is said, to oust from their organization all workmen except actual brewers of beer and those who have the handling of the beverage directly during its manufacture. To carry out these instructions, the brewery men say, would mean the loss of more than one-half of their membership, hence they are said to have revolted against the edict, and will withdraw their affiliation with the A. F. L. and operate as a separate organization, similar to the Brotherhood of Locomotive Engineers, the bricklayers and other unaffiliated crafts. The St. Louis at Ban Lucia. , The Navy Department Is Informed that the new cruiser St. I,ou!s. commanded by Commander Usher, arrived at San Lucia yesterday on her way around the coast of South America to San Francisco. The ship sailed from Norfolk short of her complement because of the severe discipline ob- i served. It Is alleged that about one-tenth 1 of her crew deserted rather than make the long cruise under the circumstances. | The I I Saturday! i I Star. | ? Features of The Saturday g gt Star to cause a flutter in the j;> ? minds of constant readers and ^ j| attract the ever-increasing g f? number of those who appre- si || ciate the scope and quality of *| g its articles and fiction, will in- i* IK elude Science, Art, Literature, 8 i TravfO. Fvnlnratinn. Rdirnon ra * iand the latest news of the h world. g MINE HORRORS ? An illustrated article, ? showing what the govern- )? ment is doing by experimental devices to prevent ? catastrophies in the mines, p | COOLNESS OF CROOKS | p What an old detective has U to say of the aplomb of the ? P criminal when caught. j? S IN ItlH. W UKLU Uf ;5 ART AND BOOKS | ^ Reviews of the latest lit- S| ae erature and notes on the ?t |j state of art, with appropri- f| g ate illustrations. S | LITTLE MEN AND I T.TTTLE WOMEN ? iA full illustrated page of rhymes, puzzles and stories ? for the little folks. ; A MATTER OF TEMPERAMENT ? ? The late John Oliver \ Hobbes (Mrs. Craigie) never g r 1% wrote a cleverer story than ^ |j this little conflict of moods. ?| c 1 Illustrated. g > ? MOHAMMEDAN TUNIS | * Frank Carpenter contin- g t ues his travel notes on Afri- ? J ca by telling of the wonder- g r p full bazaars of Tunis. II- g \ I lustrated. ? 11 1 BOB HAMPTON OF g t | PLACER | J ja r?:i i it. m. t L Idil IU lCdU 111C tun- ^ v eluding chapters of this % r thrilling romance of the j| f plains. r PARISIAN FASHIONS An illustrated account of S 1 ^ the latest methods of mak- ^ j 'n? gowns and accessories ^ r |j attractive. |j J1 I Read the _ 1 \ 1 Saturday Star. I * S U " FINANCIAL. As Little as $1 Will Start You ?on the road to financial indenendenro in our .Savincs Hrnt r ?' o- i? | We'll ^ive you National Rankprotection and pay interest on your savings. JS^T Funds payable on demand. 'If IT TT n i f IM fTK A ffV IT TTT\ unit! 11 KAUEKD NATIONAL BANK, \J in *31-2*1 r ~ - "r~i \ CaplHU and Profits Over.$1,425,000 [ Deposits More Than $G.loo.onO j ' wm a vUm Bank Balance j to Your Credit ! ?you will be equally well prepared to grasp opportunity or j meet adversity. Any amount from ten cents j to ten thousand dollars will | I start an account in our banking ! department. Same rate of Interest paid on j both large and small accounts. National Savings <& | Trust Company, Cor. 15th and New York Ave. 's FORTY-FIRST YEAR | mT31-f,m,w.4R | Orgaraazed 1879. i i Assets, $2,170,260.07. j 4% PAID ! i -ON- ) EQUITABLE | Cooperative Building ( Association \ Stock. ( i Shares.S2.S?PerMontlh. ; 53rd ISSUE i Now Open for / 1 Subscription. r ' JNO. JOT EDSON, President. I ! I FRANK P. REESIDE, Secretary. I Office: EQUITABLE BUILDING. | i 1003 F St N.W. | | myl7-eo,50 : AN IDEAL WAY TO SEE TllE KXI-OSITION. j Jamestown Houseboat Tourist Company. The purpose of the company U to run a boat reeklr from Washington, D. C.. to off Jnm**to*rn Sxposltlon grounds. The tourists will be taken >n board at th? comnnnr's wharf at W??hliurfrm ind provided on the tour with meili and sleeping ipartmenta, and hare all the luxury ami arcommolatlons to be found In a well-appointed hot el. Vessel will be anchored In the Roads, and passenfers will he taken to and from the grounds In a iteam tender. We have a limited amount of s'.oek of the eom1.1 uy for sale at >10 per share, and would recommend It to the consideration or those who wish a julrk nnd profitable return on their Investment. Tor full particulars apply st the company's oOce. J. 6. KOOKN. Manager, 1708 14tb st n.w. 'Phone North 6202. nyl3 90t 38 1 The dollar saved?not the dollars spent?leads to pros perity and independence. HOME SAVINGS BANK, 7th St. and Mass. Ave. N.W. Branches: 7th and H n p ai(\ "7t1i c vv / "T%J- / Deposits more than a million and a half. | "What Has f \ HeBome?" I ^ ?Napoleon's Famous Question. Q ^ The groat Napoleon of a century ago () \ wonld make a typical "Captain of In- ^ / dustry" today. He possessed the ele- (/ X ments of modern success. Were he \ { alive today and about to do some Y a .. . a j ouuuing id v> asuingion lie wouia asic rj { regarding every builder lils old favorite K 0 question?"What lias he done?" He Q X would be Impressed with the twenty- A / one years' record of y 1 ARTHUR COWSILL, <Jj ( "The Builder Who Makes Good," K ( 307 COLORADO BLDG., 14TH AND G STS. v ?2.50 PKK GALLON FOR MODERN IMI'ROVKD WHISKEY. TUB JOHN WI&DDKKUL'KN CO.. ?pg-90t.? ?l? r lit. ?.w. MAY A RECORD-BREAKER. Astounding" Weather, According to Those Who Observe Conditions. The month or May ends today another ' leteorological record-breaker, owing to the omarkable weather conditions that have prevailed. The weather for the past two nonths is pronounced by the weather-wise o be not only phenomenal, but astounding. ' "he month, which ends today, has been the oldest May on record for twenty-five J ears, while last month was the coldest kprll, according to the annals of the reather bureau, for thirty-five years. The continuance of these abnormal phases s causing alarm in some quarters, and 'rof. Edward B. Oarriott, official forecaster if the weather service, said today that neteorologlsts are investigating the solar I ind astronomical fields, as well as the neteorological, in their efforts to discover, f possible, why there has come such marked changes in the seasons. Old inhabitants declare that the world Is [etting out of plumb, as they have never vitnessed such unseasonable and remarkible changes before. A scientist in Ohio laims that the earth in its journey around he sun lias made a slip and gotten several nillions of miles out of its orbit, and away 'rnm tVia cnlnr hnrlv* honr-a lio oo^o Hm 1 onditlons are colder and the storms are nore frequent, owing to great electric dlsurbances. His predictions as to the future ire said to be quite direful. ''One thing is certain." the Ohio scientist 3 quoted as saying, "and that Is that the >revaillng startling conditions are away beTJnd mere meteorology, and when we renembei the great sun spots of recent years ind other solar phenomena, it is not surmising that our seasons have all been nixed in a hopeless Jumble." The temperatures recorded in April and day have given the coldest two consecuive spring months on record, not only in his vicinity, but throughout the United itates. Prof. Garriott predicted this afternoon hat there will be a fall of rain for the text day or two, and he added that there i as yet no warm weather in sight. FINANCIAL ? | The Washington Loan 1 | and Trust Company. J 1 Capital and Surplus, $1,600,000. Allows Interest on deposits sub- '2 Ject to check. 3 Accepts Trusts created by Will g or otherwise. g Manages Property as agents for g ?? the owners. 5 Rents Safes and Stores Valuables k In fireproof vaults. 3 Furnishes Letters of Credit for ? aj Travelers and Indues Drafts on jJ g all foreign countries. . JOHN JOY EDSON, President. g ? royl7-f,ni.w,tf 9 The Safest Investments Are those that <lo not depone upon the financial responsibility or the fttahlllty of any individual or corporation. First deeds of trust (mortgage) notes Illx^rally secured <>n good real estate tn the District of Columbia const! TUT* Rill - e<I*e inV<?*UU?*tlT*. These are the only kind we make and supply to iareatoni. Th^jr lw*ar Inr^rest. parable ^ml-anun. ally, at the rate of Five per rent per annum, and may he had of ut In amounts from $500 nnd upward at par aud accrued Interest. Swid for ho<?kl?'t, "Oonctrniiitf I>nans and Iuveatm*?nta." Swartzell, IRiheem ?& Herosey Co., WARNER ltl II.r>IN(l. 910 F STRKET NORT1HVBST. We are offering a first-mortgage hon?l that we can strongly recommend aa a safe luvestmeut to yield about 7%, Over half of the tone has already been placed with banks, trust conipaniea and conservative Investors. Circulars upon application. Lawrence Barn urn & Co., BANKERS. 1421 F ST. N.W., WASHINGTON, D. C. PHILADELPHIA. NEW YOItK. PITTSBURG. myS-w.f.m.iri.'it.20 | E. R. Chapman & Co., t a Members N. T. Stock Exchiuif*. " 3 80 Broadway, New York. ; 3 WA8HINOTON OFFICII 5 I 1301 F St. N.W. I IG. B. Chipman, } Manager. J Member Washington Stock Exchang*. j ap6 tf.eSa 28 WCI&Bt&'tfo&v&SXll&CtSl&tGiBfflSXXKX.'tCKA Our facilities for negotiating loans on D. of C. real estate are such as k q smith to assure your geti^vissss tin^tl,e ?"eV'on want with the least possible delay. Varying sums of money always available. The F. H. Smith Co., a -dina i\j v Aw,a nrw i nf w# mj30-28d MMWfrjKaagg?aw?iaraiMraCT^ "1 Capital, S1,000,(KHV-Snrplus. 11.400.000. Rfl (T!f NatSooal ^ BANK Issues drafts direct, available throughout the world. ? Issues letters of credit. Buys and sells exchange. Transmits money by cable. Makes Investments for customers. M ikes collections for customers. Buys and sells stocks and bonds. trrHl'ECIAL DEPT. FOR LADIES. Pa.Ave., opposite U. S. Treasury. my30 2Sd Perpetual Building A /\ssociation. ASSETS 92,833.384.01 SURPLUS $323,701.90 PATS FOCR TER CENT LNTEUE3T. LOANS MONEY ON REAL ESTATB. OrriCE. 606 11TH ST. S.W. ANDEJtW GLASS, PrxUni JOHN COOK, l?rr?f?ry. pl2,tf-28 AN ANNUITY ISSUED BI Fhe Mutual Life Insurance Company of New York Guarantees a fixed Income for life, which Incomt s protected by over tuag hundred and ninety-five nllllons of assets which have accumulated In a successful business experience of sixty-four years. Itates will be furnished upon request. IT iWf Ml A A 1) u~l) (f ? A II U \lrtO IT. 1 . Manage for District of Colombia, No. 1333 F st. n w. 3ecoml-*tory front rootn. Telephone Main 112U. se4-3G0t STORAGE Over sixteen years' experience In storing, moving, packing and shipping the better sort of household furniture and art objects, including valuable and fragile articles of all kinds. A warehouse of absolutely fireproof construction, kept scrupulously clean and equipped In every way possible to lessen labor and decrease risk to the goods received for storage. Co3d Storage Safe Deposit Vaults jfyraritg Jfeifp <$2j. WAREHOUSEMEN. PACKERS AND FORWARDING AUENTS, 1140 Fifteenth Street