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The World Financc Traders and the Short Interest Competed Today. PRICES ADVANCED RAPIDLY Liquidation Came to a Sadden Standstill. DEALINGS LARGELY INCREASED Xrondon Showed Decidedly Improving Tendencies?Notable Advances i in Railway List. Spfi-ial Dlspatrfc to Thr Star NEW YORK. August 22.?This -was one f those days in the atock market when s?eners alter iniormauun mui trgoiu the course of prices were informed simply that no stock* were pressing for sale, and that consequently the traders and the short Interests were competing with each other In bidding m> quotations. At all events, prices advanced, and advanced raptdly and extensively, with little or nothing to be cited in the morning's news or in the developments with the course of the business session In explanation of their course. For some reasons the governors of *the Bank of England deemed It inexpedient to make any change In the discount rate of that institution, which was left at 4V4 per cent, and consequently the London stock Maclrat aliAWA/l imnrnvinir t?>nrif>n. oies, notably for consols. The American rt<?partment was. however. Irregular, and operations here <or foreign account had trifling results on balance. A Strong Upward Swing. There were few exceptions of Importance to the general course of the local stock market. In the earlier part of the day the Interburough-Metropolltan securities were under renewed pressure, because of the general belief that the dividend on the preferred stuck Will be passed, but even these issues participated ia'er in wie swung upward swing In prices. The return to this country of its foremost and most highly esteemed financier was referred to In a way as accounting for the pronounced change In sentiment and betterment In stock-market conditions, although it Is doubtful whether tlif> gentleman in question Ir concerning himself at the moment very deeply with market <juotatlons or circumstances. It appeared to be the case. In fact, as j has been frequently witnessed before dur In* the summer, that liquidation. came suddenly to a standstill, and this led to j buying of the character referred to at the putset of this article. The Recovery in Prices. As is usually the case the recovery In prices was sufficiently extensive as fo lead some little increase in the business of commlssKtn houses, but the gain was mainly for the account of traders of a semi-professional class. Stl!l the day's transactions attained a much larger aggregate than was rolled up yesterday, and It must be said that the trading showed A greater degree Of genuine animation than has been evl dent In many weeks. The failure announced upon the stock exchange during the forenoon had no effect whatever upon the market, as its Individual l cliHracter was generally recognized. With the exception of the InterboroughMotropolitan issues and their related securities. the affairs of which are now being , sufficiently exploited, there was virtually nothing to be said with regard to the dealings in particular stocks Advances, however. of two and three points, and of even gr.-ater dimensions, were common in the railway list, and in the industrial and miscellaneous Issues. An Unfavorable Trade Beport. This morning's decidedly unfavorable report upon business conditions by the National rraaes Association u:u nui yrcvnu Amilgamateil Copper. American Smelting and United States Steel stocks from participating in the general tally which waa under way. In the fundamental feature of the present situation, namely, the money market, no material alterations were observed. Th? hanks have lost In their operations with the aubtreasury since last Friday Jl.tKW.OtK). and large amounts of currency have also been transferred to the Interior directly. At the Kune time, so long as lenders continue to withhold offering* of money for time period* It Is not remarkable that the rates for call loans should continue low. Still it doeR not appear that the outlook for Saturday's bank statement la a par tlcularly auspicious one. THE COTTON MARKETS. ,NBW YORK. August 22.?The cotton market tpened barely steady at unchanged prices to a decline of 6 points, and showed a net loss of Ga6 points on the active months right afterward under realising by yesterday's buyers, which may have been promoted by reports of rain in north Texas and the territories. But cables were a little better than due. and after the first lot ">f realizing orders had been absorbed, the a?a /I i c?e\ n-n trt a shade ov^r th? closing figures of yesterday. Subsequent fluctuations were narrow and Irregular, with the undertone unsettled. Futures opened barely steady. August. 11.20 hid; September, 11..'<0; October, 11.81); December, 12 01; January, 12.0U: March, 12.IS; Aprit. 12.21 bid; May. 123S-2T; June, 12 2!I bid. The market was quiet but pa.sier during the late forenoon under scattering liquidation and some selling as a result of renewed apprehension as to Wall street conditions arising from the reported failure. and Improved weatner reports. t'rices at midday were 5 to 0 points net lower. Spot. <|i)iet: middling; uplands, 13.35; middling gulf. 13.30. Estimated receipts at the porta today. 1.300 hale*. against C71 last week and last year. Kor the week. 12 tjijo bales, against K.2H0 last week and 41M14 last year. Today's receipts at Houston. 913 bale*, against 4.4US last year. New Tork Cotton Market. Open. lUtll. Low. flow. iieptemher H ? 11.33 1123 U.24a25 October II S? 11.9.1 11.83 ll.NSaM) I>eeetulier 11.01 12.06 11!?J 11 98aU9 January 12 00 12. IT 12.05 12.08?0a Liverpool Cotton Prices. LIVERPOOL. August 22.?Closing: Cotton: Spot, quiet; prices 8 points higher; j American middling, fair, 8.3i>; good mid- J dllng. ItSi; middling. 7.31; low middling. <>.81; good ordinary. 0.17; ordinary. 5.57. The sales of the day were 5.000 bales, of which 500 were for simulation and export, Mtld Included 4.9W American. Receipts, 6.400 bales, all American, futures opened steady and closed quiet; American middling g. o. c., August. 6.91; August and September, #79; September and October, C.64, October and November, ti-.VH^; November and December. C.10^; December and January. tt.55^; January and February. G.51V*; February ajid March. U.55H; March and April. <S.56V&; April and May, 6.57^; May and June. 6.58V& Left Ail to Wife. The will ot William Gassaway. who died In this city August B, was filed for probate in the Probate Court this morning. In' the instrument, dated March 18. 1906, the | deceased leaves all his property to his wife. Ada H. Gaaaaway. and nauf-s her as ex * ecutrlx without bond. Mrs. Gassaway petitions the court that ahe be named executrix, and states that the Mil' is valued at about fl.OuO. of ; and Trade NEW YORK STOCK MARKET. Furnisher by W. B. Illbbs & Co., banker* and brokers. 1410 F street, members New York Stftrk P*rh9ji*p TVnshliiffron Stock Exchange and Chicago Board of Trade Open. Hitch. Low. 2:1.V Amalgamated Copper <A> 7114 ?? 70% Am. Car & Foundry.. 37 37% 37 3iVi Am. Car & Foun.. pfd ' Am. Ice Securities Am. locomotive 5H4 52% 30% 62% Am. Loco.. pfd American Smelting... 1)4% SW% 'J4% ! >">% Am. Smelting. pfd.... '.Mil U.">% *J4% '.? >% American Eugar 112% 114% 112% 114 Am. Tobacco, pfd 75 75% 7.1 7.V4 Anaconda 41% Mi\t 44% <5% Atch., Top. & S. F.... &>% 85% 81',% 85 Atch.. T & S. F . p.J .' Atlantic Coast Line.. 81 82 81 81% Baltimore & Ohio 8>>i miji ?8\4 W% Brooklyn R. T 41% 4.< 4 Hi 42% Canadian Pacific 1?3% 100,* lt>!3s HZ>W C., C., C. & St. L 5U Central Leather Central Leather, pfd. 84 Central Ry. of N. J Chesapeake & Ohio.. 32 Chicago Great West.. 10 10 Chi.. Mil. & St. Paul. 118%. 120&4 lis*. 119V4 C. & x. W 143* 144* '44 ~ 144* Phi. Ter. & T. Tr. pfd Col Fuel & Iron 23*4 24 23* 23* Colorado Southern... 22 22 21* 21* Consolidated Gas 1031* lm'i 103fc 104* I l orn Products 13 13 12* 12* Corn Products, pfd... 63 Delaware tc Hudson. 151',2 152',* 151* 152V4 D.. L. & W Den. & Rio G. Ry.... 23?4 2:$* 23* 23* Distillers' Securities.. 45'i 48 45V* 47* Brie, common 2i>%. 21* 20* 20* Erie. 1st pi'd 52% Brie. 2d pfd 3r.fc 36* 35* :?>* General Electric 122l,? 124 121* 124 Gr*at North., pfd 119 122V1 118* 121 Greene Cananea 12* 12* 12^ 1-* Great Nor. Ore CtB... 47 48 46* 48 Illinois Central 132* 133 132* 13.3 Interboro Met ? 1) 8* V tutciwiio met., pi a.. 2-% 21% 23% Internationa] Paper International Pump < Kan. CTty Southern.. ?514 t ] Kansas City So., pfd ! Muckay, com 01% 61% 61% 61%. Louis. & Nashville... 10T> lt/7 104% 100% Mackay. pfd (JO 00% tK> 00^ Manhattan Elevated. 118% 1 Mexican Centrai.. lTVi, 18 17 18 I Mo.. Kan. & Tex., com 33% 34% 33(4 34% Mo., Kan. & Tex., pfd* Missouri Pacific 67 07% 07 07% M. S & M ?5 SH?% K> ?0% National Lead 44 4*5% 44 40% New York Central... 104 104% 103% 104% N. Y.. Ont. & West... 31% 32% 31% 32 Norfolk & Western.. 6S% 70 68% 70 Northern Pacific 117 ll'J 110% 118% N. Y. Air Brake 103 HM% HO 1<W% Pacific Mall Steam... 24 25 24 25 Pennsylvania R. R... 117% 117% 117 lli% Peo. Gas of Chicago Pressed Steel Car 27 Rail'y Steel Springs Reading 8l>% 024 ?'% 91% Rep. Steel & Iron.... ls% 10% 18% 111% Rep. S. & I., pfd ti?% 71 tKtij 71 Roclt Island, com.... 18V* 18% 184 Rock Island, pfd 41% 4-"4 41% 42Vi Slosa-Shertield Steel. . 41)% 4?>4 47% St. L,. & S. F.. 2d Pfd- 31%, 32% 31% 32% Ft. i-oiils S. W? pfd. 42 Southern Pacific 82% 83% 82<4 83% Southern Pacific, pfd. 1(>8% 100% 108% 1<>!>% Southern Railway lt>V? l'>% 16% 1<>% South. Railway, pfd.. 38 50 58 58 Tenn. Copper Tenn. Coal A Iron.... Texas Pacific 25 25% 25 25% J Toledo, St. L..Jc W.. 24% ... .... , ioi.. si. i*. & w., pin ?-** "* ??* Union Pacific 125 127% 12!% 12ii% Union Pacific. pfd U. S. Rubb-r 23% 30 2?% U. S. Rubber, pfd.... 85 87 85 87 United States Steel.. 30% 31% 30% 31% U. S. Steel, pfd 02% 9:5% 02<* ICS* Va.-Car. Chem. Co.. 30 Va.-Car. C. Co., pfd Wabash 11% 1114 11 11 Wabash, pfd 20 Western Union, .. ..... ..... ... Wisconsin Central ?s Wis. Central, pfd Wooien Goods.. 22 BONDS. Atner. Tobacco 4s 64 Amer. Tobacco 6s !>7 Rock Island 4s...? U. Par. flnnv 4? U. S. Steel 5s.... . ' 93% 'iki% *92* Wabash Deb. B's Closing Quotations. At the close of the stock market the following stocks had changed in price since above quotations, there belnr no change in balance of the closing prices: Amalgamated Copper, Am. Car & Foundry, 3714. American Locomotive. D2. American Smelting, 5i>%. Anaconda, 45. Atchison, Top. & S. Fe. 85V Atchison. Top. & S. Fe pfd., 81 Baltimore & Ohio. 89%. Brooklyn Rapid Transit. 42. Chicago, Mil. &~St.~Paul! 111>%. Consolidated Gas. 104. Distillers' Securities, 47^4. Erie 2d pfd., CJreat Nor. pfd., 121Vfc. (J. N. O., 47%. Kansas City Southern pfd., .50. Mackay pfd., <i0*4. Mexican Central. lSViMissouri. Kansas and Texas, pfd., 3t%l. Missouri Pacific. 67. National L?ead. 45%. Norfolk and Western. C0%Northern Pacific. 11814New York Airbrake. 104%Pennsylvania R.R., 117%. Heading, ITJ. Republic Steel and Iron. 19%. Sluss-ShcflleWl Steel. 47. ax. L<nuis & san Francisco. iM pfd.. 33. Southern Pacltie, 83^4. Tennessee Copper. 34 VtI'nion Pacific pfd., 82. . IT. S. Rubber. 30 % U. S. Rubber pfd., 87?4. V. 8. Steel. 31>? U. S. Steel pfd.. 93^. . THE GRAIN MARKETS. CHICAGO. August 22.?Wheat today was weak on a general selling movement. Warmer weather was reported throughout j . V. ~ ?1 * * " " me uwiuiwcsi, ana inis completely offset high cables at Liverpool. September opened. H to \ lower, at SSVi to 8!'H. decli.._-d to 88 and then sold up to S8^j. Corn was weak, largely In sympathy with wheat. Trading was active. September opened H to % lower, at 56% to 57V4, and for a time held within that range. Extensive selling set In as soon as the trade in oats commenced, and prices declined about 1 cent In a few minutes. Warmer weather and a desire to secure profit on yesterday's bulge were the weak- I I anlncr Ir?f41ion?1 : n ...Hu.wvw wt |yit.iuuci upcueu unchanged to Vfc higher, at 4Dv?a50, and sold off to 48%. Provisions were steady, and trading was in fair volume. September pork opened unchanged, at 15.80. L-ard opened 214aS higher, at S.U2>?a8.tf3. Ribs were up 5, at 8 ti2V4 a8S5 Grain and Provisions Summary. CHICAGO, August 22.?Grstu: Opeu. Uich. I.ow Close. Wheat-Sept K9V;, 87* KK14 Dec SB ito l<2% u:Hj Corn? Sept 57'4 57V, "(;> 56% Iter ">5 55 f>4 54* Oat?? Sept 50 50 4*16 4?Vi Dec 47V4 47* 4?i? 4?* CHICAGO. August 22.?Prorlslons: Open. High. r.ow. Clnse. i.ara?sopi e.'JS ?.?& 8. WO 8.93 Kil>?sfrpt 8.02 8.02 8.37 8.3T Liverpool Grain Prices. LIVERPOOL. August 12!.?Close: WheatSpot, steady; No. 'i red western winter, 7s. V4d.; futures* quiet; September, 7s. 3%d.;< l>ecember. 7s. 6%d.; March. 7s. 7Hd. Corn?Spot, firm; American mixed new, iis. Id.; old northern, r>s Hd.; futures, quiet; September. 5s. 1 .; October, 5a. lSd. Rescue Prom Drowning. Congratulations were showered upon Mr. James M. R. Adams today l>ecause of his rescue of Miss Eva HIHyard from a watery grave at Colonial Beach last Tues day. The young lady had gotten beyond her depth In the river, when Mr. Adaqas plunged In and after a struggle rescued her He is a graduate of the Technical High School of this city. MITCHELL RECOVERS WASHINGTON BAIL WAT AND ELECTRIC STOCKS LOSE. xnucneu aiming shock w jo ciau<-u uiv>c largely on the local stock exchange today than any other security. and it showed a tendency to climb back up the ladder down which It has been falling for some time past. Yesterday's price of 2, which was % or a point better tlran the prevailing price for several days previous, was exceeded by : 14 of a point on a sale of fifty sfT&rea toj flay, after which two 100-share lots were | traded at 2. Fifty more then sold for 2H. and tne rn>smess in cms scl-uhi/ uiu?u with an exchange of 300 at 2. Washington Railway and Klectrlc common sold, to the extent of fifty shares, at I Xt, which was a point below the closing J bid of yesterday, and a full point below i the price at the next previous transaction I Tuesday of this week. One hundred shares of th< preferred j stock of this company weer traded at a l loss of and from the last sale. The j prices today were 70V? and 70. ' ?.-at Hma in ahmit hrt>P months I ten shares of Metropolitan National Bank slock of tbf company were traced at a 310. The most recent sales of this stock were July 2.J. when three shares brought 318. and July when one share brought Sltt. The price received for ten shares of Chesapeake and Potomac Telephone stock ?50?was Ave points above tha closing quotation bid yesterday. Washington Stock Exchange. Sales.?Regular call. 12 o'clock uoon?Metropolitan K*vy. $1,000 at 100VSWashington Kwy. awl K1com.. ?30 at 33. W.mlilurhiu Kwt. uud Klrc. pftl., 50 at "OVi. 50 T" 1 Chesapeake and Potomac Telephone, 10 at 55. Lauston Monotype. 100 at 12VaMitchell. 50 at 2*4. 100 at 2. 100 at 2, 50 at 2^t v50o at 2. National Metropolitan Bunk. 10 at 310. Washington Exchange Bank, 10 at 130. Corcoran Fire Insurance, 12 at 75. GAS BONDS. Bid. Asked. Washington Gas 4s 100 105 Washington Gas Cert. Gs 104 100ft RAILROAD BONDS. Capital Traction 5a 109% 110ft Anacostia and Potomac 5a. 100 City and Suburban 5a 100 Columbia 5s 102% 103 Columbia Us 110 111 Metropolitan 5s 100ft Washington Rtvy. and Klec. 4a.... 7V 80 MISCELLANEOUS BONDS. Potomac Electric- Light 5s 100 105 Nor. and Wash. Steamboat 5a ..... 109 Chesapeake and Potomac Tel. 5s... 100ft 105 .Washington Market 08 100 Washington Market 5s. 1927 104 100ft Washington Market 5s, 1947 105 107 ?' " ? imlr Irt'W ctrr/XflL't! rttSLil/ U1IL.I1 l 01 UUao. Capital Traction l'dl\k 134 Washington lUvy. and Elec. com.... 32 33V4 Washington Kwy. and EJec. pfd.... 0?Vi 70 Nor. and Wash. Steamboat 2110 310 Washington <iaa 70 Georgetown Gas 00 Chesapeake and Potomac Te4?ptione 50 00 Great Fulls and Old Dominion 65 ..... TYPE MACHINE STOCKS. Mergeuthaler Linotype 204 ( Lanston Monotype 12 12% MINING STOCKS. I Greene Cananea r' 12V? 13 Mitchell 1"* 2 NATIONAL BA$K STOCKS. American 155 175 200 210 City .7."11IIIIIUIII....... ... . .. . . . . . 144 130 Columbia 205 Commercial 210 215V? Farmers ami Mechanics' 313 400 Lincoln 134ft HO Metropolitan 310 323 Rlg?? 633 ..... Second 145 133 Traders' 130 loO Washington 3Sil 410 Washington Exchange 140 TRUST COMPANY STOCKS. American Security and Trust 230 300 National Safe 170 1U2V& Inion Truirt 123 13U Washington Loan and Trust 200 Washington Sufe 30 ..... SAVINGS BANK STOCKS. Hnmp SaviiisrM 310 ..... Merchants anil Mechanic*' Savings. 13V? Union Savings 2iW 280 F1RK INSURANCE STOCKS. Arlington 25 35 Columbia I) 11 Commercial Jb Corcoran 74 Firemen's 24 Franklin. 50 U5 German American 200 Metropolitan 85 95 National I'nlou 7 ..... I'eople'n 6% Potomac 2? 35 Riggs. 8 V TITLE INSURANCE STOCKS. Columbia 4 Ileal Kutate 80 Washington 5 MISCELLANEOUS STOCKS. 8. P. Serv. Corp 11? 120 Grapbouhone com 45 Uraphoiiboiie pftl 7U Fidelity .storage ll^Va 135 Seruriiy Storage 170 2UO Waabiugtou Market 18 Union Trust Warrant? VO Today's Government Receipts. National bank notes receivc-d today for redemption, $773,310. Government receipts: From internal revenue. $j?;0,:j24; customs, miscellaneous, expenditures, $2,380,000. THE LONDON MARKET. LONDON, August 22.?Contrary to expectations, the Bank of England's rate of discount was not changed at today's meeting of the directors of that institution. Last week's Increase of the rate from 4 to Hi per cent brought foreign exchanges to a level at which exportations of gold to imnrrtvtnp Ihu aihiallnn hf?rp itnH lUiiner I Lrfjn 3cn were profitable, thus materially away with the necessity for an Immediate increase in the rate. However, should there l#e any sicns of attempts to take gold from tiere the present rate, 4Vi per cent, will immediately be raised. Consols further improved at the opening of the stock exchange today. Americans were -steady at fractions on eitiier siue of parity level. London Closing Stocks. LONDON, August 22. Coitxols for money 82 1-10 1U1 VUU L. ....... ........ O* 1 - 11} I Anaconda 9Vfi I Atchison 87 Atchison |?M U2'?fa Baltimore and Ohio 91 Canadian Pacific 108 Chesapeake and Ohio 'Siy% Chicago Great Weatern 10 Chicago, Milwaukee and St. Paul 125 De Beera 22% Denver and Kio Grande 24'/fc Denver aud ltio Grande |ifd OS Erie 21% Krle lat pfll 53Vfc Erie 2d pfd 30 Grand Trunk 24V4 Illinois Central 136*4 Louisville and Naahviile 107 Missouri. Kansas aud Texaa 34% New York Central lOOVfc Norfolk and Western 71 Norfolk and Western pfd 84 .....1 U'aulnri, ?#? UOIOIIV "HU M O* Pennsylvania WJ Rand Mines 4% Reading 40 V4 Southern Railway 10% ijoutiiern Railway pfd GU Southern Pacific 84% lulim Pacific 128% Union Pacific pld * SO United State* Steel 31% United States .Steel pfd 95% WaliasTi 11% Wabash pfd 21 Span lab 4a 91% Bar silver, steady, 31 3-lttd. per ounce. Money. 2Sa2-y, per ceut. Tbe rate of discount In the open market for short bills is 4%a4;K per cent. Tbe rate of discount lu the open market for threemouth billa is 4*a4% per cent. CURB QUOTATIONS. Furnished by E. R- Chapman & Co. (G. B. Chip- : man. manager), membera New York Stock Exchange, 1301 F it. n.w. Open. High.? Low. Close. Butte Coalition 19'A 2D)4 1914 20U British Col. Chopper 7*? 7Vi 7 7 ! Chicago Subway 10 21 Vfr 10 21% I Cumberland Ely 0% 7ty 6% 7-2 Dominion Copper....#. 4% 4% 4% 434 Kly Consolidated % % % "2 Greene Cananea 12*1 12^ 12?J 12% Creeue Gold.., 1^ ju, j// Greene Gold-Silver.... 17-16 lty 17-16 1W Micuiac Gold 3^ 3% 3% Mitchell Mluing 2Vfe 2ft 2 2 Nevada Smelt. & Mlnea. 1% 2Vi 1X4 2'^ Nevada-I'tah 4 4*4 4 4U_ Ni pissing Mine* 7% 9 7*^ g Government Securities. Bid. Asked. 2 oer cents, reeistered. 10.10 tn-.u uu: I 2 "per cents, coupons, 1030 105% 10614 3 per cent*, registered, 1008-18.. .. 102% 10344 3 per cents, coupous. 1008-18 102% 103V* 3 pei cents, coupons, small. 1008-18 101% ..... * 4 per cents, registered. 1023 120V? 127% 4 per cents, coupons. 1925 12Ofc 127% District of Columbia 3.63s, 1024..^. 113?A <v.., 4 per cents. Philippine, 1914-^4.... 100^5 2 per cents. Panama 104% 105)4 BULLS jWBfMS Special nfnpcrnb to The Stnr. KEXT TORK, August 22 ? A. speculator who is regarded as a shrewd observer of stock market conditions and who is credlteu with having made a great deal of money on the long side In years past, but who has been , extremely conservative for many months, says that he now b3lieves that underlying conditions are better In not i few respects than they appear and ttiat the tendency will be toward decided Improvement. For some little time hs liaa been of the opinion that money will not be- as tight this fall aj has been predicted, and be now is inclined to believe that shortly after the first of the year it will be decidedly easy. By February 1 he would not be surprised to see a very pronounced revival of interest in the bond market and a little later decidedly healthy conditions^ in the speculative mar ket. He thinks that persons who are in a position to buy securities and hold them for b:x or eight months will make substantial profits. When confidence return#, speculation, in Ms judgment, will break out afresh and the market will have a recovery as pronounced as the decline has been. * * While not a few careful observers concur In the foregoing opinion, they think t it no attempt toward activity should be made In the near future and they believe that the large financial interests will see to u that the market^ Is kept .within proper bounds. Consequently, unless fresh unfavorable features develop, they look for trading to be on a comparatively small scale for some time to come- It is pretty generally agreed that the commercial failures recently announced are only the forerunners of what must be expected In this direction between now and the first of the year. Most students of the situation believe, however, that announcements of tills character, unless the amounts involved are extremely large, will not have a notably adverse effect upon securities. ' They thtnk that all ordinary commercial misfortunes have already been discounted, so far as Wall street is concerned. * * * President Finley of the Southern Railway Company is in town 4?ain, and it is expected that final action on the question of declaring a dividend on the preferred stock will be taken in the near future. Those familiar with the company's affairs do not seem to look for the payment of the full rate, but they do not expect that the dividend will be passed altogether. It is Intimated that the return of Mr. Morgan will hasten the final decision as to the dividend policy at this time of both the Southern Railway Company and of the Erie Railroad Company. WHOLESALE MAB.TTF.T MEPfYRT. Quotations given below are Tor large lots. Jobbers' prices from lc to 2c higher. EGGS ? Nearby fresh Virginia. Ila22: west Virginia and southwest Virginia, 20n21; Tennessee, l!>a20; North Carolina, ltta20. BUTTER. ? Creamery, fancy, 2r,%a26. Western firsts, 24a24^4; seconds, l"Ja23V4. Process, fancy, 21%a22; fair to good. 20a 21. Store-packed, fresh. 18alS>. CHEESE. ? New York state factory, new, large. 14V4al5. POULTRY.? Chickens, spring, per lb.. 17a 18; hens, per Jb.. 12MtalU; roosters, per lb., 7aS; keats. per lb.. 10. DRESSED POULTRY. ? Hens, choice, per lb., 15; roosters, per lb..,ftal'j; chickens, per lb., 18a20; ducks, per lb., 10ul2. VEGETAHLES.?Potatoes, new. per bbl.. No. 1, l.t>0a2.00; No. 2, 75al.OO; potatoes, new, sweet, per bbl.. 3.00aS.00 carrots, new, per bunch. 2; cucumbers, per basket. 25a40; onions, per bbl.. 2.50a3.50; pep pct?, per iiuuureu, l.ou; tomatoos, per bushel box, 3<>a50; cabbage, per bbl., 80a 50: eggplant, per doz. 35a50; squash, per basket, 25a35: per bbl., 75; snap beans, per bu., 50; per bbl., 75al.50; wax beans, per bu., 40; lima beans, per qt., 20a25; new beets, per bunch. 1V&&2; lettuoe. per bbl.. l.S?a2.0O; peas, per bbl., 3<>0a4.00; corn, per doz., 10al8; okra, per carrier, 50 al.00. GRERN FRUITS.?Apples, new southem, per bbl., 1.50a3.50: ornnges. Cal.. per box, 3.50a4.75; grape fruit, pet box. 2.50a A /U1 T.?n?, (/inca^ica, per uruie, l.^>ai.dU; peaches, per crate, 3.00a4.!50; cantaloupes, per crate, 1.50a3.00; watermelons. each 15a35; plums, per crate. 1.25a2.o0: blackberries, per quart. 5al5; huckleberries, per quart box, lOal'JH. HAJf AND STRAW?Timothy, choice. 20.00; No. 1. I?.00a20.00; No. 2. 18.00a 10.00; mixed hay, 15.00al7.00; clover, 15.00 alti.OO. Straw, rye, bundle. ll.O0all.50; rye. machine thrash. 8.00a8.50; wheat, 6.50 a8.75; oat straw, per ton, U.OOi LIVE STOCK.?Cattle, extra, per cwt, 5.50; butcher, per cwt., 4.75a5.lH); ordinary. per cwt., 2.50a3.00. Hogs, per cwt., gross. 6.50a0.75. Sheep, 3.00a3.50; lambs, spring, choice, 7. Calves, choice, ^er lb.. 7a7ty; medium, per lb.. 6%. Cows, prime, fresh, each, 35.00a50.00; common, each, 20.00a30.00: old and drv aanh m aa BEEF CUTS.?Ribs, No. 1. per lb.. 13; No. 2, 12; No. 8. 10. Rounds, No. 1. per lb., 10; No. 2, 9; No. 3, 8. Loins, No. 1. per lb., 13; No. 2, 12; No. 3. 11. Chucks. No. 1. per lb., 8; No. 2. 7; No. 3, C. WOOL, AND HIDES.? Wool, washed, free of burrs, per lb., 30a33; wool, unwashed, per lb., 27. Hides, green, per lb.. 0; dry, per lb., IGalM. Sheepskins, green, each, 1.25al.50; dry, eacn. Trial.25. Calfskins, green, each, 1.35al.50. GRAIN.?Wheat, new southern, 60a85. Corn, shelled, white. 65a70; yellow, (;ia65; ear. 3.25a3.40. Oats, western white. No. 2, t&aG5; mixed. <JlaC3. Bran, per tou. 24.00a 25.00. Middlings, per ton, 25.00a27.00. THE FOBEIGN BANKS. LONDON. August 22.?The weekly statement of the Bank of England shows the luiiowiug cuanges: Total reserve, increased ?1,057,000; circulation, decreased ?73.000; bullion, Increased i!Wl.749; other securities. Increased f3,f>40.000; other deposits, increased ?8.754,000; public deposits, increased ?1)27,000; notes reserve. Increased ?8ai.000; government securities unchanged. The proportion of the bank's reserve to liability this week is 48.20 per cent, as compared with 50.62 per cent last week. PARIS. August 22.?The weekly statement of the Bank of France shows the following changes: noies in circulation, decreased 72,(530,000 francs; treasury deposits, increased SMS.500,000 francs; general deposits. Increased 2 050,000 francs; gold in hand, increased 9.075,000 francs; silver in hand. Increased 75.000 francs; bills discounted, decreased 54.500.900 francs; advance, increased 6,850,000 francs. Closing: Three per cent rentes, M francs 20 centimes for the account; exchange on London, 25 francs 21 centimes for checks. BERLIN. August 22.?Exchange on London, 20 marks 52^4 pfennigs for checks; discount rates, short bills, 3% per cent; three months' bills, 4% per cent. THE BALTIMORE MARKETS. Special Dispatch to The Htar. BALTIMORE. Mil.. August 22.?WHEAT?Easier; spot, contract. JWWa!X)%; No. 2 red tveatern. 02 a B2V; AuCuat, #o????0%: September. #0-\a81; October. 8214; steamer No. 2 red, 84; receipts, 7fi 2tlff b*shela: exuorta. 72.000 lniMhpU ern hx sample, 6Sa80; new southern on erode, 82?Ilft. | OOKN?Steady; spot. Ol^aOlfi: August, 01 Via CIV. Septemiwr, o2a02V%; year. 57%; steamer mixed, 57Mfa37?l; receipt*, 22,662 bushels; exports, 11,071 bushels; southern white corn, 38Vta G2V4; southern-yellow corn. 57tta01tt. OATS? I'nuettled: old No. 2 white, tl2Via(W; No. ;t white, heavy. 01a01V4; No. 3 white, ItfM. 59a00; No. 2 mixed, 5!)a5UVa: receipts, 2.741 bushels; exports, 50 bushels. RYK?Quiet; receipts, 870 bnshels. HAY?Firm, unchanged. GRAIN FREIGHTS?More active; steam to LIterpool. per bushel, 2Vs<i- October; Cork for orders, per quarter, 2s. 3d. September. Underwriters is Canada. TORONTO. Ontario. August 22.?The eighteenth annual convention of the American Underwriters' Insurance Association opened here yesterday. Mayor Coatsworth warmly welcomed the association to- Toronto. this being Its tlrat convention outalde of its own country. President Frank EL McMullen opened the proceedings with an address. Hundreds of representatives are here from alt over the IffcKed ?tatee. The oeffventton wflt continue until Friday. SAT COUNTRY'S SOUND. Chicago Bank's Correspondents See No Bad Times Ahead. NEW TORK. August 22.?The Commercial National Bank of Chicago, In tts annual summary of financial and commercial conditions, complied with special reference to the crop outlook. Issued today, draws the conclusion from 35,000 replies received from Its correspondents that the overwhelming preponderance of evidence Is that the business situation Is sound and satisfactory. The bank comments on the fact that In the thousand* of replies there is scarcely a reference to the present position of the speculative markets. That there has been a let-up in business compared with the feverish activity of last spring and winter is generally admitted, but this, the bank says, is acknowledged by Its correspondents with entire satisfaction. Of the crop outlook the bank reaches the conclusion from the data gathered by It that this year's wheat crop will amount to 440.000,000 bushels, the corn crop 2.500,000,000 to 2.000.000.000 bushels, while the OW n nrill Ka il/vAolAnt kir navkana e* tm mitnh *-? vp ???? "o uvuwivuv u/ ao IUUVU as 190.000.000 bushels. Regarding the financing of the crops the bank says that though the yield may b? deficient In quantity, as well as In quality, there will Be required practically as large a volume of funds for financing Ui? crops as was needed last year. ERIE DIVIDENDS UNSETTLED. stocuioiaerg Jttay Oct Scrip Conrertible Later Instead of Caah. NEW YORK, August 22.-No recommendations were wade as to the dividends on the preferred stocks of the Brie railroad at yesterday's meeting of the executive committee, according to statements made after the meeting. The dividends for the second half of the year are due early in September, if the precedent of 1900 Is to be followed. Wall street la awaiting with interest the meeting of the board of directors, scheduled for the last Wednesday of this month, when it Is expected final action will be taken on the dividend question. Opinion is divided as to whettier the road's officers will find it advisable to continue the payments of 4 per cent annually on both the first and second preferred stock at a time when the road has so much urgent use for cash. It has been suggested that the directors may pass the cash dividend, but give the stockholders their share in earnings in the form of scrip, which wlH.be convertible Into cash when the money market is more favorable. CALUMET AND HECLA BOW. Albert S. Bigelow Demands Inform*f{ An o ~r? ri Aafa Cnma BOSTON, August 22.?Charging that proxies had be?n solicited for the purpose of maintaining? the nresent mRnflfpmpnf In power and for the purpose of ratifying Illegal acts. Attorney Tyler for Albert 8. Blgelow created a sensation at the annual meeting of the Calumet and Hecla company yesterday. Unusual interest attached to the meeting by reason of the controversy with the Osceola company. Col. T. V. Llvermore was appointed chairman of the meeting and had hardly taken the gavel in his hand when Mr. Ty.er made his protest. "I appear as counsel and proxy for Mr. Blgelow," he said, "and before any formal action is taken I wish to file Mr. Bigelow's protest against the uss of proxies which you have solicited and which you have here. "These proxies have been solicited by the management in order to maintain itself in power and for the purpose of ratifying illegal acts. I ask to have Mr. Bigelow's rtrntaaf nlana/l unnn f Ka a " ft wnoi jjiav vu U|JVU kuo i cwi uo< Mr. Bigelow then filed through bis counsel a list of questions regarding the operations of the Calumet and Heela company, to which he requested an immediate' answer. These questions referred to the coat of operations in detail, the mining costs, the smelting costs, the character of the rock treated, the exact amount of refined copper obtained, etc., and certain detailed explanations concerning the recently issued balance sheet contained in the Calumet report. IBON TRADE REVIEW. CLEVELAND, Ohio. August 22.?The Iron Trade Review today says: With the back ground of trade somewhat more somber, Ir there be Included In the view the financial situation, there are, nevertheless, this week a few indications of Increasing activity in the metal markets In some centers, such as have at times in seasons heretofore come at about this time of year. The fear or expectation of lower prices holds back or defers considerable business, coupled with the further view that prices in' some lines are neia to De nigxi. 11 me retarding innuences of those considerations and of the money market could be eliminated the current developments seem to indicate that trade in the iron and steel industries might forge ahead again at something like the old pace. Perhaps the mast encouraging development is that the railroad ordering is on the mend. The transportation companies are specifying on the contracts much more heavily than they did a month or six weeks ago, and the inference seems warranted, taking into consideration the well-known attitude of the carriers, that the buying is no greater than it must be. In other words, the absolute demands of the railroads are compelling more liberal purchases of material. The demand for structural material is vorv trr\cu\ h rwi nirflr?r? Ir in that t ho nrHora taken by the leading Interest will amount to about 550,000 tons for tlie present month. The contract for the steel for three additional piers In New York has been awarded, and in a few days the city will award contracts for the third lot of piers, Involving about 10,000 tons of steel. About 12,000 tons will be needed for the Manhattan terminal. New York city. The Panama railway is inquiring for 3,000 tons of rails, but new business in rails Is ol very small tonnages. Upheaval in Peanut Company. NEW YORK, August 22.?Benjamin C. Welsberg was arrested yesterday afternoon bv Di?tefitivea Mnnnpv And Wi^hman nf Smith street headquarters. Brooklyn, charged with embezzling $1,970.16 fr<5m the Virginia Peanut Product Company of 79 "Delevan street, of which he has been secretary and treasurer since its organization two years ago. William T. Tulln, the president of the company, made the complaint In the case. He says he became suspicious of Weisberg's honesty when he found that he had a fat account at the Hamilton branch of the Mechanics and Traders' Bank and that an examination of the books revealed the larceny. Weisberg denied that he was guilty of stealing and said that he will be able to explain any apparent discrepancies In the accounts. "All In" Judicially Defined. From Law Notes. In the recent case of State agt. Hennessy, 90 Pac. Rep., 221, the Nevada supreme court gives a definition of the slang phrase "all In." The question came up In connection with the admission in evidence of a dying declaration, the declarant's I-.-* ? _?i. ...It ,_..1 . ,,_J aiuiemciu mtu ue was an ?n ucms xcucu on to show that be was under a sense of impending- death. . -N . The court said: "The expression 'I am all in' Is one frequently made use of In this western country, and when used under the circumstances In question .may. we think, be taken to have meant that the speaker considered his life was practically at an end." Ken With Brains. From the British Emigrant. Canada wants men with brains, and a man who may not prove successful as a scholar, or be able to pass the civil service examination?in fact, is what his parents consider a failure?that man will often make one of the best of colonists, for he will use his brains. Muscles are all very wedt, but brains are better. A man with brains will find a way of doing a thins much easier than a man all muscle, for In *1! heavy-wortt knack is tire thing that tells, and not brute fore*. DEPRIVED OF HIS RIGHTS. Folic* Interference Saved a Pol* From Lynching. SpKlil Dispatch to 111 Star. GREENWICH, Conn., August 22.?A mob of at least 200 men nearly lynched a Pole here last night (or an alleged assault on a seven-year-old girl. Had not the police drawn their revolvers and hurried him t?i the lock-up he would in all probability hav?j been killed. Susan Mien. th? *Hrl ,, ? - wtoon (or beer, and was rrtnrnlnf with pailful when aba was attacked in a vacant lot near the Lutheran Church. Her home was near by. so that her cries were heard by Mrs. Mlco. who hurried to the spot and found the fflrl nearly unconscious on th? (round. By that time a crowd had collected. It surrounded the lot, which Is rank with a thick growth of weeds, and beat It from the corners to the center. In a few minutes a man was found crouching under a thick clump of the weeds. The mob began to beat and kick him unmercifully. Th? polio* interfered and rushed him to Jail. Ths girl is believed to have received fatal UljUl WB. CONFER ON CONDUIT ROAD. Attorney General, Ma J. Cosby and Others Discuss Question. Attorney General Bonaparte, Maj. Spincer E. Cosby, United States Attorney Morris H. Soper of Baltimore and Prosecuting Attorney Peter of Montgomery county met this afternoon to confer upon 'the Conduit road question. The exact nature of the discussion was not%glven out while the conference WM tn session, but It Is supposed that arrangements are being completed for bringing before the court a test case, as recommended by Secretary Taft, so that the question of jurisdiction over the road may be settled beyond doubt or cavil. WOULDN'T EXEMPT DOCTOBS, But Commissioner Says They Might Speed Their Autos. The recommendation of MaJ. Sylvester, chief of police, that the District laws regulating the speed of automobiles be amended so as to exempt physicians, hurrying to the bedside of the sick and dying, does not wholly meet the approval of Commissioner West Although Commissioner West has not had time to go over the papers of the case thoroughly, he Intends to give the measure uis earnesi cunsiaerauon as SOOn as posstble. There have been numerous complaints made by the physicians of the District recarding the practice of policemen in holdin* them up when they are hurrying; In automobiles to answer sick calls. Commissioner West realizes ttie strength of their argument, yet so far he sees no good reason why any one should be exempt from the laws of the District. "I realize the significance of their complaints," said Commissioner West, "but instead of amending the laws of the District. I think that it would be better to leave the right to arrest a physician for violating the law to the Judgment of the policeman. "In my estimation, the best way to dispose of such cases would be for the physician to give his name and address to the policeman, allowing him to proceed on his call. There are cases where It Is absolutely necessary to exceed the speed limit?in fact, I know of one particular case where it was necessary to break the law In order to save the Ufa of a boy who needed immediate attention at a hospital. "A minute may mean life or death," tie continued, "but If the hurrying physician gives his name and address to tiie policeman, he can thus be enabled to pursue his business without any serious impediment. I mean bona flde cases, of course." Tourney Behind Its Schedule. Special Dispatch to The Star. CAMP PERRY. Ohio. August 22.?With Sergt. W. F. Lushner of the 74Ch New York i? r? YXMiii? - - - ?* vajiu TT Iiuaui n. icwes Ul the 4th New Jersey sixth and Lieut. C. F. Silver, 2d New Jersey, tenth, the fifty leaders In the first stage of the president s match In the national rifle match were rushed on the 800-yard butts at 7 o'clock this morning with the tournament a day and a half behind its schedule. The skirmish test in the president's match sent a good many to the rear who had ranked high. Dr. Hudson of New York was one who blew up and failed to et In the fifty. In the list, which was led by S. E. Johns of Illinois, the navy had the most representatives?nine. Massachusetts. Ohio and Washington each got five; the Marine Corps four, the Infantry and cavalry one each and New Jersey and the District of .Columbia two. The executive committee of the National Rifle Association last evening adopted a new constitution and by-laws for the assoHflHfMI Lost Money But No Lives. Special Dispatch to The Star. PHILADELPHIA. Pa., August 22.?The "buckling" of a train of freight cars on the Port Richmond branch of the Philadelphia and Reading railway early this morning caused a wreck which demolished seven cars out of the twenty composing the train and entailed a loss of more than $.'M),UtK). When the engineer of the freight, known as the "Perklomen freight," which was I running toward Richmond... attempted to apply the brakes Just above Allegheny avenue, an empty car in the middle of the string of cars, unable to withstand the sudden strain, collapsed while the cars in the rear piled on top. The impact from the rear was so great that most of the cars were completely demolished, scattering merchandise all over the tracks. Several brakemen jumped for their lives and escaped unharmed. upon investigation uy ra-uruau otuciais 11 was found that the cars wore beyond repair and the torch was applied. Holds Editor Uzzel. NORFOLK. Va.. August 22.?City Sergt. Lawler of Norfolk today received a telegram from Gov. Swanson at Richmond directing him to hold the negro editor, J. D. Uzcell, who surrendered to the authorities as the result of the Onancock race troubles on the eastern shore of Virginia, and who the state's attorney of Norfolk declared was being held under no charges and could leave the Jail at will. The governor telegraphed: "Hold UzEell, put in Norfolk city Jail by Col. Nottingham, subject to the authorities of Accomac county. You will hear from sheriff and prosecuting attorney at proper time." For Justices of the Peace. The Commissioners today received the annual estimates for the Justices of the peace in the District of Columbia, to be included In the Commissioners' estimates for the fiscal year 1906-09. The total appropriation asked is $24,000. Of the total, $18,000 Is to be devoted to paying the salaries of six Justices at $3,000 each. The sum of $C.0G0 will be used for clerk hire, office rent, stationery, etc. The amount estimated for salaries is the full amount fixed in the act of Congress creating the offices, and the amount asked tor clerk hire, etc., is the full amount recommended by Justice William H. Moody wuiic iic nao Aituiucjr vrciicrai. Killing Frost in Canada. ST. PAUL, Minn., August 22.?A special to the Pioneer Press from Cando, in the northern part of North Dakota, tells of severe frosts In that section of the state Tuesday night, which did much damage to late grain, especially to flax, which has just commenced to blossom. All kinds of garden truck were cut down, except potatoes. Mlnot reports a slight frost over the entire region, which grain men estimated J Milt AAIVM tVia annH viaLA OA nan ] w\j uiu wuv uwfru *-**?- ovvu jh-iu pci lciii. The exact damage cannot be determined until the grain is threshed. The body of an unknown white than, who had evidently committed suicide, was found suspended from a trefe on the banks of Elm creek, near Clarksburg, W. Va.. yesterday. The body had been obscured by a thicket and it was in an advanced state of decomposition. FINANCIAL. W. 6. Hibbs. l'hos. L. Hume. Mergenthaier, Lanston, Washington Ry. pfd., Washington Ry. com., Ill ifr-tAK m i aviBUUf Washington Qas, | Bank Stocks, 1 And all other listed securities I bought and sold for cash or on margin. I W.B.Hibbs&Co., I I f New Tort Ryehanffe Hi Members 4 Wa?hiafft?n I Chicago Ho?r(i of Trad* S4I9 F St. N.W. , LETTERS Or CBSDIT aod TRAVELERS* CHECKS \allablf tbe world over. ?w32-eo,40 ^ Cipttal, $1,000,000?8ur pi us, $1.403.000. J RiggsSSir'l Issues drafts direct, available ) throughout the world. Issues letters of credit Buys and seils exchange Transmits money by cubic. Makes Investments for customer*. ? . { Make* collections for customers. 1 Buys and sella stocks and bonds, ii' I ?7SPECIAL DKPT TOR LADIKS. t| Pa.Ave.,opposite U.S.Treasury. . "It ?a22 2M I' Make the Start Saving money is like rolling a stone down hill. The I hardest part is starting. After a little while what you have saved and put in this bank will go on grow1 ing of its own accord, for we pay 3 per cent interest, compounded twice a year. Home Savings Bank, 7th St. and Mass. Ave. N.W. Branches: 7th and II Sts. N.E. 436 7th St. S.W. Deposits more than a Million and Three-quarters. Ru22-tf & fifiUMnn/i\*T7* * if wffli intra I Ml DOME?" | S?Napolpon'a I-'amoux Queatlos. jM It doetui't pay (YOU) to hare in Inf: experienced builder experiment with your J| iff time anil money. Engage gnoil, re- <K S liable hulMer while atxmt It. F.nraie jl one with a record that fully answers {K fh Napoleon'* query: "What taa be (lone?" v, Liook up my record and see what you j? I p think of It. J | ARTHUR COWSSLL, 5 ? "The Builder Who Makes flood." Z jjjj SOI COLORADO BLDO.. 14TH AND O STS. J Home or Investment. If yofl hire properly to aell?lapro red or mli?min< bIim or sob. urban?let us talk with you as to tb* brat moans of securing a cnstomar at a fair prlw. if /oh art looking f?r a home or an Investment. It will be a strange I bin*. If It cannot be toon* a moo it the laree nnm)?er 00 our llata. At an J rats let ns show jrou bow well we'll try to plenao 70a. Swartzell, Rheetn & Hensey Co., WARNRR BUILDING. 016 F STHKKT NORTHWEST. Perpetual Building Association. ASSFTS #2,843.085 ? SURPLUS 227.250.05 PATS FOUR TEB CENT INTEREST. LOANS MONET OX REAL ESTATE. OFFICE. 506 11TI1 ST. N.W. ANDREW GLASS. President. JOHN COOK. Secretir/. *p12.tf 28 Stocks Bonds MESHY & SIPEKE, i _ . _ Stock Brokers. Stocks bought and sold for cash or ou margin. COLORADO BLDO. AND 7TH AND V STSL Pones M. 974 and M. 112. Qraan Cotton ?ol8-tf.28 AX ANNUITY ISSUED BY The Mutual Life Insurance Company of New York Guarantees a fixed Income for life, which Income la protected bj over four hundred and nlnetj firs millions of asseta which have accumulated lu a successful btiMluess experience of alxtjr-four years. Rates will be furnished upon request. THOMAS P. MORGAN Manager for District of Columbls, No. 1333 V st. n.w. Second-storj front room. Telephone Main 1124 se4 380t Every Ome WHO TRAVELS ?at home or abroad should use the Travelers' Checks of the American Express Company ? issued by thin bank. These check* are convertible Into all priuclpal currencies, and furnish the safest means of carrying or sending funds abroad. THE TRADERS MATlfWAI RANIkT >? "? ? " ? "* ' - 1 A. AVS. ?n?l-28d The fifty-third annual conference of th? Methodist Protestant Church of West Virginia began at Elkins Wednesday. mor? than 2U0 delegates being presont. The conference was called to order by Rev. U. W. Morrison, moderator. Rev. Dr. T. H. I^ewla, president of the Western Maryland College, will ba the principal speaker.