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Finance and Trade Violent Break In American Smelting at Opening DISTURBED THE MARKET Fresh Liquidation Soon Started Prices Downward. GOSSIP ABOUT DIVIDENDS London Generally Steady?Consols Rose Sharply ? Americans Above Local Closing Saturday. Special IHfpatch to The Slur. NEW YORK. January 20.-There were a number of interesting and important occurrences today relating to individual securities, but few of general moment that did not bear more or less exclusively upon money market conditions. Previous to the opening of business it was an nounced that the Louisville and Nashville Company had declared a^ extra dividend of 1 per cent, payable in the stock of the Louisville Pltoperty Company, but dellnite information with regard to this unex pected action was not obtainable at the offices of the company. However, neither the Louisv'lle and Nashville nor Atlantic Coast Line was materially affected by tnis intelligence. Soon after the opening of business in the stock there took place a violent break in the American Smelting stocks, and the movement in those issues served for a time to affect the general market unfa vorably. The break in the stocks seemed to result from a sudden outburst of fresh liquidation, for which no very satisfac tory explanation could be obtained. There was some discussion of unfavorable trade conditions and more bearing upon the in tegrity of the dividend on the common stock at the preselit rate, but no action on the dividend is due for nearly six wet-k*. In "view, however, of the extent of th* break in the smelting stocks, par ticularly in. the common shares, they showed an indifferent degree of rallying power. Rapid Rise in Pennsy and Reading. A third happening of importance with the course of the morning^ was furnished In the announcement that the supreme court of Pennsylvania had affirmed the decision of the court of common pleas rendered last year which declared the two-cent passenger fare law unconstitu tional. This intelligence was followed by a rapid rise in Pennsylvania and Reading, but such was the irregularity of the market that both stocks subse quently lost the whole of their improve ment. There was little more to be said of tne circumstances prevailing in the money market than that they exhibited further material relaxation in all directions, me banks start the: business week with a gain of more than $2,300,0i>0 from the subtreasury, so, whlie it is somewhat early to discuss/ the outlook for Satur day's bank statement, it seems highly probable that tpe snowing will be in line with the glowing exhibit of the past sev eral weeks. * ? Japanese Weak in London. The Londph stock market was generally steady, being stimulated by the improve ment in the international money market. Consols rose rather sharply and American stocks were quoted well above parity with Ne^f York's closing prices of Saturday. Operations here for foreign account - showed h fair excess of purchases. One feafur* of the dealings on the London StodTsXrhange which attracted some no tire was the continued weakness in Japa nese bonds. Aside from the noted developments re lating to the individual securities, there was little news or gossip other than of a technical character bearing upon the deal ings in one stock or another. The market at Iflpge changed its superficial tone fre ^qiifintly during the course of the business cession, and. in fact, did not preserve a Mflnite tendency for any considerable lilBglh of time. Profit taking sales and operations for the short account conflicted with renewed manipulation for the bull account, with the result of producing one of the most irregular markets as a whole that has been witnessed In a long time. Spot closed steady; middling uplands, middling gulf, 12.50; sales, 594 bales. THE COTTON MARKETS. NEW YORK, January 20.?The cotton market opened firm at an advance of 20a 27 points and during the first few minutes showed a net gain of 26a28 points on the aetivfe months which made new high rec ords for the bull movement. The advance was due to very firm Liverpool cables, covering and bull support, but offerings were heavy. Futures opened Arm. January, 11.56; February offered. 11.62; March. 11.72; May. 11.75; June. 11.71; July, 11.60; August of fered, 11.40; October. 10.75. The market was less active late in the forenoon, but held steady on commission house buying and bull support, with prices about 22 to 24 points net higher at mid day. Spot quiet: middling uplands. 12.35; mid dling gulf. 12.60. Estimated receipts at the ports today, ?<?? bales, against .'17.17*.? last week and 1S.04S last year; for the week. 225.0W bales. BgainK 25.'l."iit2 last week and 2S?S?, 1"> laFt year. Today's receipts at New Orleans. 6.035 bales, against 7.075 last year, and at Houston. 7,037 bales, against 12,*CW last year. B. AND 0. FINANCES. Statement of Earnings and Ex penses for December. Special Ilapatrh to The Slur. BALTIMORE January 20.?'The state ment or earnings and expenses of the Haltinior?- and Ohio railroad for the month of December, 1907. as compared with December, 1906, is as follows: f < Jross earnings. 1907, $.">,$54,653; 1906, $6.720.091; decrease. $1,065,348. Ex- | penses. 19<>7. H..162.210; 1906. $4,397,089; increase. J165.11' 1. Net earnings, 1907, SI.092.443; 1906. *2,322.911; decrease. S1.230.46H. For the six months ended December 31, 1907. as compared with the same p? rlod <>f 1906, the statement shows: Or??ss earnings, 1907, $42,#)i5, 143; 19itrt. $41,771,197; increase, $1,113. 946. Kx penses, 19<i7. $^9.S95.>?01, 1906, S26.S2S.i04: increase, $3.067.?97. Net i earnings. 1907. $12,989,342; 1906, $14,943,-] 093; decrease. $1.953.751. This statement includes the following lines: Ualt!nw>re and Ohio Railrosd t'ompany, Baltimore and Ohio South western Railroad Company. Ohio River Railroad t'ompany. West Virginia Short Line Rallr??id Company. Ripley and Mill ?'reek Valley Railroad Company. Pitts- I burg and Western Railroad Comparfy. | Pittsburg. P.iinenville and Fairport j Railroad Company, Pittsburg. Cleveland and Toledo Railroad Company, and Pltts bui^ Junction Railroad Company. CURB QUOTATIONS. Furnished by K. V. Hotton * Co. (G. B. Chip iran. manager", members New York Stock Ex change. 1301 V at. u.w. Open, lilxh. Low. Clone. British Col. Topper.. Untie Coalition 30'4 21 2>'Vjt < hi<'U<t Subwar 3UV? 2"'? 2" 2a Cumberland Kly *?? Xfrf. 1 ??tpiinloii Copper ... 2\ 2 2'i (ioblfteld ?Vwin' ted... ? '?'? t> ?! i;re?-ne C*ii?oen !>'? !>?* !'V? lireene liobl-Sllver . -. ai *~i *1 Mlrwac <?nld .... i'\ i'j Nevmla Smelting ? ? ? ? l'% '*? J** Xeraila Itah Cop.... ."??* ?"?'?I .tVi Xipi?tl'iK Mine* 7% 7'g 7W4 Trt-Bullion 3'n . |l j}'* VnUed Copper 7'h 7'? 7*4 7".? Mitchell % !s M , I NEW YORK STOCK MARKET. Furnished by W. B. Hibbs & Co., bank ers and brokers, 1419 F street, members i New York Stock Exchange. Washington Stock Exchange and Chicago Board of Trade. Opeta. High. I>ow. 2:45. Amalgam. Copper.. 52% 53 31% 32 Am. Car & Foundry 31% 31% 31% 3l% Am. Car. & F., pfd. Am. Ice Securities.. 10% 18% 16% 17% Am. Locomotive...'. 40% 40% 39% 30% Am. Loco., pfd 91 American Smelting. 70% 70% 67% 68 Am. Smelting, pfd.. 90 90 89% 00 American Sugar.... 111% 114% 113% 113% Am. Tobacco, pfd... 80 Anaconda 34 34 33 33 Atch . Top. & S. F.. 74% 74% 73% 73% A.. T. & S. F.. pfd.. Atlantic Coast Line. 74 74 73% 73% Baltimore & Ohio.. 89 89% 80 89 Batopilas Mining Brooklyn R. T 47% 47% 46% 46% Canadian Pacific.... 151% 151% 130% 150% C.. C.. C. & St. I Central I^eattier 19 19% 10 19 Cent. Loather, pfd.. 86 Chesa. & Ohio 31% 31% 31% 31% Chicago Great West 5% Chi., Mil. & St. Paul 117% 117% 116% 116% C. & N. W 151 151 149% 150 Col. Fuel & Iron.... 22% 22% 21% 21% Colorado Southern.. 23% 25% 25 25 Consolidated Gas ? Corn Products -.. 14% 14% 14 14% Lorn Products, pfd.. 65% 06 65% 66 Delaware & Hudson D.. L. & W 163% 163% 163 163 Den. & Rio G. Ry.. 20% 20% 20% 20% Distillers' Securities 35 35 34% 34% Erie, common 16% 10% 15% 15% Erie, 1st pfd 7. 33% 33% 33% 33% Eriv. 2d pfd 23% 23% 23 28 General Electric.... 122 122% 122 122% Great No. Ore Cts.. 55% Great North., pfd... 124% 125% 123% 124% Greene Cananea Illinois Central 132 132% 132 132% InterJ>oro Met 8% 8% 8% s% Interboro Met., pfd. 22% 22% 22% 22% International Paper. 12% 12%r 12 12 Kan. City Southern Kan. City So., pfd Louis. & Nashville.. 100% 101% 100% 100% Mackay, com Mackay, pfd 02% Manhattan Elevated Mexican Central.... 15% 13% 15% 15% M.. Kan. & T.. com. 25 23 24% 24% Mo., Kan. &. T., pfd. .>6 .... M. S. P. & S. S. M . 89% 91 89% 91 Missouri Pacific 44% 45% 44 44 National Lead 4<?% 41 40% 40% N. Y. Air Brake 66 06 65 65 New York Central.. 101% 102 100% 101 N. Y.. Ont. & West. 35 33 34% 34% Norfolk tk Western. 68 68% 68 68 Northern Pacific.... 128 128% 127 127% Pacific Mail Steam. Pennsylvania R. R. 116% 117% 115% 116% Pep. Gas of Chicago 86& 87 86% 87 Pressed Steel Car.. 23 23 22% 22% Rail'y Steel Springs. 29% Reading 110% 111 109 100% Rep. Steel & Iron... 18% Rep. S. & I., pfd.... 71 71 70% 70% Rock Island, com... 14 14% 13% 13% Rock Island, pfd.... 28% 28% 27% 27% Sloss-bnefiield Steel. 42 St. I,. & S. F., 2d pf 28% 28% 28 28 St. L. 8. W., pfd.... ..... ..... ..... ..... Southern Pacific 76% 78% 76% 77% South. Pacific, pfd Southern Railway.. 10% 10% 10% 10% South. Railway, pfd 34% 34% 33% 33% Tenn. Coal & Iron Tenn. Copper Texas Pacific 19% Toledo. St. L,. & W T., St. L. & W.. pfd. 87 Union Pacific 127% 128% 127 127% Lr. 8. Rubber ? U. S. Rubber, pfd... 4.. United States Steel. 31 31% 30% 30% IT.*"s~Steel, pTd ~ 0.1%~95%~94%~04% Va.-Car. Chem. Co. 18 18 18 18 Wabash 9 9 9 0? Wabash, pfd 16% 16% 16%. 16% Western Union 59% 60 30% 50% Wisconsin Central.. 16% 16% 16% 16% Wis. Central, pfd... 43 43% 43 43V4 Woolen Goods BONDS. Amer. Tobacco 4s... ?5% 66 03% 66 Amer. Tobacco 6s... 100% 101% 100% 101 Consolidated Tob. 4s ?. Rock Island 4s 61% 61% 61% 61% V. 8. Steel 3s 88% 80 88% 89 Wabash ?>eb. Bs Closing Quotations. At the close of the stock market the fol lowing stocks had changed In price since above quotations, there being no change In balance of the closing prices: Amalgamated Copper, 51%. American Ice Securities, 18. . American Smelting, 65%. American Smelting, pfd-, 90%. Brooklyn Rapid Transit, 45%. Canadian Pacific, 150%. Central Leather, 19%. Chesapeake and Ohio, 31%. Chicago, Mil. & St. Paul, 115%. Delaware & Hudson, 163%. Erie 1st pfd., 33. Erie 2d pfd., 23. Great Northern pfd., 128%. Manhattan Elevated, 124. Mexican Central. 16. Mo., Kan. A Tex., 24%. M. S. P. & S. S. M.. 89. Missouri Pacific. 43%. National Lead, 40%. New York Central, 100%. Northern Pacific, 12i%. Pennsylvania R. R., .115%. People's Gas of Chicago, 86%. Reading, 108%. Rock Island, com., 13%. Rock Island, pfd., 27%. Southern Pacific, 76%. Union Pacific. 126%. U. S. Steel. 30%. U. S. Steel, pfd., 03%. Western Union, 58. BONDS. Rock Island 4's, 61%. THE GRAIN MARKETS. CHICAGO, January 20.?Wheat today opened weak, but quickly rallied on buy ing by shorts. May opened %a% to %a% lower at 101% to 102, sold at 101% and Mien advanced to 102%al02%. May corn opened % lower to % higher at 59% to 60% and sold at 60%. May oats opened unchanged to % lower at 53% to 54. May provisions opened firm, pork 5c higher at 13.32%; lard unchanged to 2% higher at 8.00 to 8.02%, and ribs unchanged to 5c higher at 7.03 to 7.10 and sold at 7.12%. The wheat market became steady in the last half of the session because of reports of the "green bug" in Oklahoma. The high point for May was l.02%al.02%. The close was firm, with May %a% higher, at 1.02%. Corn prices held firm all day. The close was firm, with May up %, at 60%. c.ose: Wheat?May. 1.02%; July, 08a 98%; September, 05. " ?rn?May, 60%; July, 59%; September. 58%. t m >'k .is?May. .old, 54%; May, new, 52%; July. old. 47%. Pork?January, 12.85; May. 13.37%. Lard?January. 7.75; May, 8.(>2%a8.Q5. Ribs?January, 6.82%; May, 7.12%. Rye?Cash. .*7. Barley?Cash. 7Nal.00. Timothy?March. 480. Clover?March, 17.23. Government Securities. Bid. Asked. 2 per rents. registered. 1030 104% 103 2 per rent*, coupon*. 1900 104% 105 3 per rent*, registered. 100818... lOOtJ J01 .1 per rents, coupon*. 1008-18 101 101 a per rents, coupons, small, 1908-18 10<M4 ..... 4 i>er rents, registered, 1923 HSU 120% 4 per cents, coupons. 102.1 120U, 122 2 per rents, res.. I'au. Can.. 1030 103 ..... 4 per cent*. 1'hlllpplne. 1914-34 110% BALTIMORE MARKETS. Special Dispatch to The Star. BAI.TIMORB. Md., January 20.-WHKAT? Unsettled; spot contact, I0l\al01t^; *pot No. 2 red western. 10">%al03li; January, 101%al01%: February, 102*102'*; March. 103%al04; .May. 1071?; steamer No. 2 red. 988001;; receipts, 12.042 bushels: exports. 24.000 bushels; southern 00 grade. 98*101%. CORN-Steady; old *pot mixed. 04%a%4H; old No. 2 white. 04Viart44; new spot mixed, ?3W ?t%: January. ?.'i***'W%: February. rt2fc*?, March. : steamer mixed. ."WVfca.WV receipts, H*i.22U bushels; exports. 17.142 bushels; new southern white corn. r^aH21i; new southern jellow corn, ."iflaft.':. OATS Pull and rasj: No. 2 white. .Vt^aSTlfc; No. 3 white. r.:;a.VIS: No. 2 mixed. 54; receipt*, 9.XHI bushels. KYK- Finn: No. 2 western export, 90a01; No. 2 western domestic. '.?2alKl: receipts. 3.<I03 bushela. IIAY F.asy; No. 1 timothy, 18.00; No. 1 clover mixed. lt5.JV0al7.50. ? iRAIN FREIOIITH-Qolet; atearo to I.irerpool, per Imshel. 2V?d February. Cork for order*, per quarter. 2* 3d February. LOG AX FINANCIAL NEWS. The annual election of the Washing ton Railway Company Saturday?or rather the result In securing the choice, by a vote of 118,000 shares of stock out of a possible 143,000, of what Is known as the local board?was naturally tho main topic of conversation at the meet ing today of the stock exchange. The overwhelming Indorsement of the ticket, as indicated by the fact that no other names were voted, seemed to indicate very clearly that a majority of the stock holders who are residents of this city, as| well ss those who live elsewhere, were agreed in believing that the men elected are going to manage the property for the best interests of the holders of the stock. | Mr. torment, who is now the executive head of the system, owinf to the fact that he was Saturday made chairman of j the executive committee and also first vice president, was the only representa tive of the new management on hand, and in reply to all sorts of comments which were hurled at him In the fashion characteristic on the exchange, he an nounced that the first appointment made by him was that of Mr. Eraser, who is also a member of the exchange, as motor man., Mr. Woodruff at once applied for the position of conductor on the car to be operated by "Uncle Dan," expressing the conviction that between them they could, make it a better thing than the brokerage business. The real feeling, however, was that a new era had been entered upon by this system and that It will be a better oro%> erty, now that It is to be exclusively man aged in the Interests of those owning the stock, that, of course, meaning also care for the interests of the public. There was very little Indication In the course of the trading to show that a fav orable change had taken place in the case of this property, for lower figures were entered opposite the bonds of the com pany. and some of the preferred stock sold down to 89. As usual of late days, nothing was done with the company in the common stock. For some reason quite a good deal of the stock of the Capital Traction Com pany was for sale and In marketing it low er leveles were reached that have been re corded in this security in seevral years. The stock sold as low as 121. and at the close the asking price was 122, and the b'd 119%. There was no explanation for this sell ing on a declining scale of some hun dred odd shares, but there has been a notion all along that Capital Traction stock would find a lower level, especially before any actual negotiations were be-1 gun looking toward the merging of the two street railway systems of the city. It is not supposed that such a transac tion Is In the range of the probabilities, at least for the near future, so that ouch a movement as took place today Is from that point of view highly anticipatory. A meeting of the stockholders of the Dime Savings Bank is to be held to take action on the recommendation of the directors to increase the capital stock of I the bank from $50,000 to 1100,000. The stockholders of the American Se curtly and Trust Company today elected the following as directors, the only change made being the selection of How- J ard S. Reeside to fill the vacancy caused by the death of Henry Wells: Milton F. A ilea. Charles J. Bell. Hen*-y F. Blount, John C. Boyd. Samuel 8. Burdett, Albert Carry. William M. Coates, Robert Dor nan. George T. Dunlop, James E. Fitch. William J. Flather, Henry H. Flather. Daniel Fraser. James M. Green, John E. Herrell, George F. Huff, Henry Hurt, John A. Kasson. John R. McL<ean, Clar ence F. Norment, Crosby 8. Noyes. Myron M. Parker, Joseph Paul, Albert M. Read, Howard 8. Reeside, Ward Thoron, Frank A. Vanderllp, John F. Wilkins, Henry A. Willard and Joseph Wright. Government Receipts, v National bank notes received today for redemption, $1,902,579. Government re ceipts: From Internal revenue. $1,170,680; customs. $056,747; miscellaneous, $151,199. Expenditures, $2,200,000. Washington Stock Exqbang*. Sales.?Regular eall, 13 o'clock noov-Wasblng ton Om 4b. $1,000 at 100. Washington Rwy. and Elec. 4a. $1,000 at 78%. Capital Traction, 50 at 123. 30 at 122, 30 at 131. 30 at 131. 30 at 131. 1 at 138. 8 at 133. Washington Rwy. and Elec. pfd., 5 at 72, 10 at 71%. 25 at 71%. 10 at 71*. GO at 71% (buyer 00). 90 at 71>4. 50 at 60. 20 at 70. Mergenthaler Linotype. 1 at 200. I.anatoo M^type."100? ?%?%> at ?V?. 90 Greene Canaaea. 100 at OH. 100 at ihlngton Gas ? OAS BONDS. Bid. Asked. Washington Gss 4a 100 t 101 Washington Gaa cert. 6a 100 100 RAILROAD BONDS. Capital Traction 5a 110% 111 Anacoatla and Potomac 5s OflnJ 100 City and Suburban 5a 06% 100 Columbia 5a 102 109V i Columbia 6a 105% 107V Metropolitan 4a 106% 107V , Washington Rwy. and Elec. 4s.. 78 78V MISCELLANEOUS BONDS. Potomac Electric Light 5s 100% 101% Nor. and Wash. Steamboat 5a 107% Chesapeake and Potomac Tel. 5s 100 101% Washington Market 5s. 1037 104% Washington Msrket 5s, 1047 105 PUBLIC UTILITY STOCKS. Capital Traction 119% 122 . Waahlngton Rwy. and Elec. com.. 23 27% Washington Rwy. and Elec. pfd.. 60% 71 Nor. and Wash. Steamboat 200 310 Waahlngton Oaa 64 75 Georgetown Gas Chess pease and Potomac Tel.... 60 Great Falls and Old Dominion... 65 ..... TYPE MACHINE STOCKS. - Mergenthaler Linotype 108 300 Lanston Monotype 0% .... MINING STOCKS. Greene Cananea 0% 0% I Mitchell % % NATIONAL BANK STOCKS. American 145 185 Capital 103 ..... City 150 Columbia 380 .... Commercial 205 Farmers and. Mechanlca' 806 331 Lincoln 110 140 Metropolitan 800 Rlgga 570 650 Second 180 140 Traders' 135 Waahlngton 300 410 TRUST COMPANY STOCKS. American Security and Trust.... 234 875 National Safe 188 103 Union Trust., 117 121 Washington Loan and Trust 100 310 U. S. Truat 77% SAVINGS BANK STOCKS. Home Savings.. 307 .... Merchants aud Mechanics* 14 .... Union Barings 330 280 Waahlngton Exchange 115 130 FIRE INSURANCE STOCKS. Arlington * 35 35 Columbia 10 11 Commercial 6 6 Corcoran ? 74 .... Firemen's 10% ..... Franklin 50 .... German-Americas 250 ..... Metropolitan 85 ..... People's 5 0% Potomac 37 31 lUgga C.... 7% 8% TITLE INSURANCE STOCK 8. Columbia 8% 6 Real Estate 80 ..... MISCELLANEOUS SHOCKS. Graphopbone com 40 Graphopbooe pfd 85 Security Storage 175 300 Washington Market 18 .... London Closing Stocks. LONDON. January 20, 4 p.m. Consols for money 84 1-16 Consols for account 84 8-16 Aiiat-onda 7 Atchlaon 75% Atchison pfd S?% Baltimore Hnd Ohio 91 Canadian Pacific 1544 Chesapeake and Ohio 82V Chicago Great Western 6 rhirago. Milwaukee and St. Paul 130% De Reera . 14 Denver and Rio Grande 31% Denver and Rio Grande pfd 6014 Erie 16% Kr1e 1st pfd.k..., 35 Erie 2d pfd 24% Grand Trunk 14ft Illinois Central....: 136% Loulavllle and Nashville 103 Missouri. Kansas and Texas 35% New York Central 104 Norfolk and Western... 70 Norfolk and Weatern pfd..... 85 Ontario and Weatern 36' Pennsylvania .">0! Rand Mlnea 8' Reading 56" Southern Railway 11 Southern Railway pfd S31 Southern PaciSc...., 78* Union Pae|6c iSt1 I'nlon Pacific pfd United States Steel 31% t'nltad States Steel ptt 07% Wahaah 10 Wabash pfd.. If Spanlah 4a * ?0 Bar allver, ateady. 25 ll-l6d per ooace. Money. 1% per eent. The rate of discount In the open msrket for short Mils la 4 per cent. The rate of discount in the open market for three-month bllla la 4 per cent. Kin* which threatened to destroy sev eral buildings of the $5,000,000 plant of the National Conduit and Cable Com pany at Hastings, N. Y.. Thursday, was extinguished after It had caused a loss estimated at $50,000. The enameling plant was destroyed and another building damaged. # i CRITICISM OF GORTELYOU TILLMAN WANTS TO KNOW ABOUT DELAYED INFORMATION Chairman Aldrich Explains Non-Ar rival of Data Regarding the Issue of Bonds. An animated debate occurred in the Sen ate today In which Mr, Tillman made man/comments upon what he termed the failure of the Secretary of the Treasury to obey the resolution of the Senate call ing for information concerning: the recent issue of Panama canal bonds. Mr. Aldrich upon entering the chamber explained that the Secretary's response to the resolution had resulted from the necessity of mak ing r full statement of all the reasons thai had influenced the Secretary, and that that had taken more time than had been anticipated. He assured the senator that the informaion would be forthcoming, and spoke in high terms of the Secretary of the Treasury. He continued:. It is much easier to ask questions than to answer them." *rJT?,Mnator W,H recall," interrupted oqu.j w l'.1' "tbat these questions were asKea by his own committee. Now I will ? ? some, additional reasons why we should have this Information forwarded 1 h?ve a letter from Mr. Kloberg inclosing a reply he received from Assist ant Secretary Edwards. n?3h,8> ihe pont'nued. "may give some iigbt as showing why the Secretary finds it so difficult to answer inquiries we have propounded. This is the letter giving rea for "bonds." 6 re'U8ed 10 reooSniie bidders r*pl,y\ Mr- Tillman read from Mr. Edwards letter: "You are advised that under the reservation madfc by the de-1 partment allotment was first made to in dividuals and institutions for amounts not ?*ceedlng $10,000. The remainder was al lotted to the highest national bank bid ders. This course was followed, the letter con tinued, because it was not deemed wise in the currency stringency to withdraw money from the banks by making allot ments to individuals, which resulted in leaving 90 per cent of the purchase price "*th? banks and allowed them to take out additional circulation on the Panama ponds. . WHOLESALE MARKET REP0BT. Quotations given below are for large ^ ? wP.8 Prlceg from 1 cent to 2 cents higher. f fresh Virginia. 23a24. ViT8rin,a and southwest Virginia. f,-8-3' Tennessee, 22a23; North Caro lina, 22; cold-storage, 10a20. PUTTER. ? Creamery, fancy, 31a32; S?r.n',flr8t8l 2?^a3?: seconds. 24a23. Tork s,"e ??*??? 14a?vLh^I'~"Chlc,ken8' 8pr,n?- Per lb., lh 7-' i, ^ ' per ,b"' 12; roosters, per n#.r Ik P?r lb > 12: turkeys, toms. Eer ib! "ill*"*' Per "??? 13a14' !?><**? pSRib8S^?,!'OUI'T?T?Hen"- <*<"<??? iSiw*"*,- V"pVr'fb8: torn.Vr Jb!''^,"?**"? Per lb- I3aI6; VEGETAELES.-?Potatoes, jer bbl.. bbl ^ Per bu * 75a85: No- 2, per a nlini'swe?t potatoes, per bbl., 3.00a4.30, yams, per lb.. 2.50a3.75; tur oPer ?Jf' 40: per bbI-. 1-5; ruta per ^ ' ,25al.75; cucumbers, Mr b? on,on8- per bbl., 2.00; Su- ,"A: peppers, Fla., .per car nonn^I cabbage. per hundred 8^aV00: caul|1<lwer. per bbl.. nl? hh^'i ranet SrF bbl- 75aJ?U; spinach. ^noJviin- ' ? e^KPlant, per crate, -?OOaa-OO, spush, Fla., per crato. ?5al.25; snap beans, Fla., per basket. 2.00a4.00; h??1*; Per bunch. 4a6; lettuce. Fla., ?n!i- i ' 1-5?a2 50; okra, ^er carrier, 3.00. celery, per bunch. 40a65; Brussels sprouts per qt., 10al5; tomatoos, Fla., per crate, 2.00a2.50; parsley, New Or leans, per bunch, 5. ^ FRUrrS.?Apples. per bbl., 2 ?L?ran?e,8, P,a ' per box. 1 r'?a 2..?0, navels, Cal., per box. 2.fi0a2.75; grape fruit, per crate, 3.00a5.50; tan gerlnes, per strap. 3.00a5.00; Satsumas. per strap, 1.00a3.00; pineapples, Fla., per crate, 3.00a4.00"; cranberries, per box. 1.50a2.50; per bbl., 7.00a9.00. hay AND STRAW?Hay western V ' Ko" 2? 17.50al8.00; fl tA ii-f a ' Straw, rye, bundle, 14.50alo.0f); rye, machine-thrash. 9.00a 9.50; wheat, 6.50a7.00; oat straw, per ton, O.OOaO.SO. DRESSED MEAT?Pork.* small and neat, per cwt., 6.00a6.50; large. 5 f.0a6.00. W* ?aaSTOCK' ? Cattle, extra, per. cwt 5.00; butcher, per cwt., 4.00a4.50; ordinary, per cwt., 2.50a3.00. Hogs, per 5K?0a3^- 8heep' Per lb., 4.00a4.50. lambs, choice, 7a7%. Calves, choice, per lb., 8a8^; medium, rer lb., Cow"- Prime, fresh, each 10.00a 00.00; common, each. 20.00a30.00. BEEF CUTS.?Ribs, No. 1. per lb., 13; NO. 2, 12; No. 3, 10. Rounds, No. 1, per lb., 0; No 8; JAb. 3, 7. Loin.?, No. 1, per lb.. l?i; No. 2. 12; No. 3, 10. Chucks, No. 1. per lb.. 8%; No. 2. 7; No. 3. 6. WOOL AND HIDES.?Wool, washed, n^*e.<iTJburr8, P?r lb,? 25; unwHined, 18a 21. Hides, green, per lb., 5; dry, Oall. Sheepskins, green, each, 50a75; dry, Mink, ?ach, 2.00a3.00; raccoon, 25a90; red fox. 1.25al.75; skunk. 25a75; opossum. lOalR; gray fox, 35aG0; musk muskrat kits. 5; rabbit skins, 1. Calfskins, green, each, 1.00at.25; dry flint hides, per lb., 9; dry salted hides, 8. GRAIN.?Wheat, 88al.OO. Corn, shell ed, old. white, G9a71; yellow. 7; new. ?0a63; new, ear, 3.00a3.25. Oats, west ern, white, No. 2, A5a57; mixed. 53a55. Bran, per ton, 28.00a30.00. Middlings per ton. 28.00a30.00. Takes Acid and Dies. BALTIMORE, - January i}0. _ Having been out of work for the past three weeks and becoming despondent because of his inability to secure employment, Benjamin C'apian, forty years old. a Russian, who was at one time a well-to-4o miller in North Carolina, committed sui cide shortly before 12 o'clock yesterday mqgrning in the second-Btory front room of his home. 7 North Amity street, by swallowing the contents of a bottle of carbolic acid. Rich Broker Killed in Auto Crash. PROVIDENCE, R. I., January 20. George H. H. Mercer, forty-five years old, a wealthy cotton broker prominent In so ciety, was fatally hurt last night, when an automobile in which he was riding skidded In turning a corner and dashed Into a telegraph polo. Mr. Mercer's skull was fractured, and he died soon after the accident. The other occupants of the ma chine, including Mr. Mercer's son C Douglas Mercer, R. Lincoln Llppltt, a cotton and woolen manufacturer, and Mrs. Lippltt. escaped Injury. FIVE DIE FROM P0I80N. Arsenic in Food ..Eaten by Parents and Three Children. AU8TIN. Tex., January 20.?Mr. "and Mrs. C. Sauer. who live thirty miles from here, and three of their children have died and two other children are In a crit ical condition from arsenic in food they ate Saturday night. The first effects of the poison were noticed Immediately after supper, when the whole family were taken sick. Doctors were summoned from nearby country communities. Mr. Sauer was the first to die, quickly followed by his wife and three of the children. An analysts of the food which they ate showed that It contained a large quantity of arsenic. An Investigation is being made by the local authorities of Milan county. THE FOREIGN BANES. PARt8. January 20.-Closing: Three per cent rentes. 95 francs 57*i centimes for the aecount. Exchange on London, 25 francs 17 centimes for checks. BERLIN, January 30.?Exchange on London. 2D marks 40 pfennigs for checks. Diseount rates: Short bills. 5 per cent; three months' bills, 4% per cent. 4 NEW CURRENCY PUN Proposed by Dr. Harris, Ex Commissioner of Education. PRESENT SYSTEM RIGID Convertible Bond System Claimed to Be Elastic. COST COMPABATIVELY SMALL Bond Series to JCake It Possible for National Banks to Bid Them selves of Accumulations. Dr. William T. Harris, ex-commissioner of education, in an interview last even ing on the currency question proposed a plan for making the national currency elastic. Dr. Harris, although primarily Interested in educational questions, has been a student of currency methods for more than twenty years. He said: How to Attain Elasticity. "Complaints are made against tho cur rency system of the United States?that it is too rigid, that the supply of' money does not expand or contract according to the needs of trade. When the agricul tural west harvests and markets its crops in the fall of the year large volumes of currency are needed. When foreign coun tries receive and pay for agricultural products the money comes from Europe into eastern cities and the New York banks have .more money than they can use. "There Is a much greater evil. People may hoard a currency,, thus withdrawing it from circulation; and they do hoard this currency whenever any doubt arises as to the safety of deposits in banks or when there is any fear of a scarcity of money. ? "Whenever anything happens to weaken credit In the 'banking system a rigid cur rency quickly feels Its effects. Ordinary prudence makes the individual hold on to the money he Is sure of because it is in hand. And the *~ banking institutions struggle to keep UP their reserves to the legal standard?$2^2.000,01)0 for New York city. Money which ought to be kept ac tive making exchanges is stored up like merchandise, and trade stagnates in con sequence. Maturing obligations <Tannot be met and widespread disaster results. "A nation that furnishes the monetary system for its people should adopt such devices as will make the national cur rency elastic. An ideal currency should contract Its volume when it becomes too abundant for the needs of trade and ex pand when it is deficient. Such a device might seem difficult to come by, but it is fortunately easy to supply^ on such terms as can be afforded by the gov ernment without too much outlay, it is this: Convertible Bond System. "A system of convertible bonds issued by the government, paying a low rate o. interest (1.82% per cent?something less than 2 per cent), but purchasable In any amount for currency on any business day at the United States Treasury or any subtreasury. or in small amounts at money-order post offices, and likewise convertible into currency for principal plus accrued interest on any day when presented for payment-such a system would furnish a perfectly elastic currency and would free the money from the dan ger of hoarding. "Its cost would be comparatively small? say two millions of dollars per annum. It costs the government already for the coin it holds in reserve In the Treasury, name ly, in gold $897,001).000, in trust for gold certificates and for redemption of its paper money, and in- silver in trust analn circulation a total of $l,lfH,000,ooo 000,000 for* silver certificates. $133,030,000 for subsidiary coin and $502,000,000 for silver dollars in circulation), making a total of gold and silver In excess of two billions of dollars, face value. But the silver is worth, counting Its market value only 48 per cent of the $1,164,000,000. which therefore should be counted .at $5T?9<000,000 only, and the balance deducted from the two billions, leaving $1.400,<>00. 0u0 v.alue in coin held in the Treasury for redemption of its gold and sliver cer tificates and for making the entire silver Issue 'as good as gold.* "At the rate of 2 per cent the total of specie in both metals, including trust funds and gold reserve, costs the govern ment $28,000,000 per annum. Possibilities of the Plan. "Estimating the surplus currency that would ba Invested in convertible bonds for an average of four months In the year at $3T?0,000.000, the same being purchased in the season qf plethora to reduce the volume of money and exchanged for cur rency again when needed to 'move the crops,' the extra cost would be (at 1.82V4 per cent per annum) something in ex cess of $2,000,000. or an increase of < per cent to the ordinary expense of the government ($28.0i>0.000) in furnishing the money in circulation. "This series of bonds would make it possible for national bank* and other banking institutions to rid themselves of large accumulations of money either in specie or currency in those seasons of the year when the commerce of the United States receives lar^e balances in money from foreign nations. They can convert it in any amount Into convenient bonds, receiving a low but sure rate of interest fef every day the bonds are in their possession, and they receive interest accrued from day of purchase to day of delivery and the principal on- return of the bonds any day. at their pleasure. In the law creating this series of bonds it should be specified that the currency re serve required by law of the national banks may consist In part or entirely of these convertible bonds. "This series of convertible bonds in Its lower denominations will serve a useful purpose In accomplishing to a large extent what is expected of a postal savings sys te,rhe denom'natio118 ot convertible bonds should be $200 (Interest, at 1.82Vt per.cent, being one cent per day), $2,000 (Interest 10 cents per day), $20,000 (interest $1 per day), and $200,000 (interest $10 per day), for convenience in handling the .surplus currency in national banks. The interest as indicated is an ev^n sujn per day. and on the back of the bond is prirtted a table enabling one to tell, at any date just what the accrued Interest is. A new series of bonds is printed for each year, but inter est mav be continued at option of the holder of the bond for a second year until the last month. w<hen It should be ex changed for a bond of a new series and the accrued interest paid. In Small Denominations, Too. "Besides these four bonds there should be three others of smaller denomination (not only to reach the small hoards, but to accomplish the best part of the service of a postal savings bc.nk). viz.. twenty, ten and two dollar' bonds; the twenty dollar bond buying and selling for the principal plus 1 cent accrued Interest for each ten days; the dates printed on the back of tlip bond showing the date when 1 cent additional is added to the principal of the bond In buying or selling it. e. g.: " 'This bond draws interest at one-ten.th of a cent per day and sells or buys at any money order post office in the Lnlted States with accrued Interest, as follows: January 10, 1 cent; 20. 2 cents; 30. 3 cents; February 9, 4 cents; February 19, 5 cents; etc..* all being printed In full on the bond. It is further specified that 'this bond is exchangeable at any time In the year (1908) in part payment for a two hundred dollar bond, being worth one-tenth of the principal of the two hundred-dollar bond plus one-tenth of its accrued interest.' "The ten-dollar bond Is similar, except that its intervals of adding 1 cent to the value of the bond are twenty days In stead of ten days. "The two-dol!ar bond has to be so drawn that it pays a little less interest, namely. 11 per cent instead of 1.82%. because it must stimulate its holder to buy from time to time, at brief Intervals, other bonds of like denomination and exchange ? FINANCIAL. WK, THE PRWDENT AND A MAJOltlTV OK the lioard of trust*** of the Meorge S. King Cotnpan.r of the District "f Columbia, ?!<? here by certify that the capital stock <>f ??i.| , nm pany la $of(J00, atod ha* been fully paid In, ?ml therr lire no debt* of said company. RP'HAKIi A. l'YLEH. President; I:. A. PYLFX. MAURICE OTTKURACK. GKoRGK 0. WAL80X. M. M. MOFFITT. R. F. BltAD BURY A. Gl'DE. I. GEORGK S. KING. nwri-tiry of the U'?orgt! S. Kinc Company of the Dlstrtrt of t'olambla. do hereby ?wp?r that the. facta stated In the above certificate an' true lo the best of my knowledge and belief. UEUROn 8. KING, Secretary. District of Columbia, ss: Subscrilied and su-ora to before me this* 20th day of January. A.T>. 11*W. (Seal.) JI'DSON T. C1"U? Jr., Notary Public. D. ANNUAL REPORT OR Tl IE OX YCH LOKINE CHKMICAL COMPANY. We. the president ahd a majority of the bo?rd of trustees of the Oxyehlorlne Ch >mtenl Con> panv. do hereby certify that the authorised capi tal stock of aaid company 1* two hundred thou aand dollar* <$200.uun?, and one hundred eleven thousand two hundred fifty dollur* i$lll.25(?t ha* been paid, and there are debts to the amount of eight thousand seve^i dollars and eighty-seven centa ($8,007.87). F. II. GAZZU1X), President; Or. J. CAMPBELL, Trustee. State bf Illinois, Cook ronnty. ss: 1. ARTHUR A. WINTER. Secretary of the Oxyehlorlne Chemical Company, do hereby swear that the facta stated in the foregv>lug report arc true, as I -verily believe. ARTHUR A WINTER. Subscribed In my presence and sworn to before me this 18th dav of January. UH>8. <Seal.) HATTIK A. JKN'KS, Notary Public. STATEMENT OF CONNECTICUT PIE COMPANY. We. the president and a majority of the Itoarrl of directors of Connecticut Pie Company of the District of Columbia, do hereby certify thst the capital stock of said company is $12.">.000, and that #73.000 thereof has been issued and fully paid for. and there are debts of said company amounting to $14,000. W. E. VAX DKI SKN. President. MTKR NORnUNOF.lt. S. THOMAS BROWN. JOHN >1. BEAVKKS. MOSES SINSHEIMKR. RUDOLPH B. BE11REND. Trustees. District of Columbia, as.: I. J. WILLIAM STOHLMAN, secretary of Con necticut Pie Company of the District of Colum bia. do hereby swear that the facts stated in the above certificate are true to the best of my knowledge and belief. J. W. STOHLMAN. Secretary. Subscribed and sworn to before me this l"th day of January. A.D. lims. HENRY W. OFFITT. (Seal.l Notary Public, D. C. ANNUAL REPORT OF AMERICAN ItoRSR^ shoe Grip Company. Incorporated.?Amount of capital, 100,000 shares of one dollar cach. of which 16,000 shares have been Issued for pat ents and Inventions, and 4.."WW shares sold nt par. Amount of existing debts. Sl.MiO. S. B. SHEIBLEY. E. S. IIARNDEN. 1>. O. LEECH. W. II. DENNIS. Trustees. Sworn to and sub scribed befoje me by SINCLAIR B. SHEIRLEY. president of said company, this lMh day of January, 190S. ELIZABETH WRIGirr, Notary Public. WASHINGTON, 1>. C.. JANUARY 7J*. lftiS.? We. the undersigned, the p-e?Ident and a major ity of the trustees of the Palace Bow ling and Amusement Company, do hereby certify tl.at the capital stock of said company is one thousand ($1,000) dollars, of which seven nundred and fifty i$750) dollars has been paid In in cash: that the outvtanding debts of said company on December 31, 1907, amounted to f30.27?!.lK. W. F. HAM. Provident. J AS. R. LACKEY. C. E BROWS'. E. S. MARLOW. L. E. SINCLAIR. District of Columbia, to wit: I. W. F. HAM. on my oath do depose and say that I am the president of tha Palacy Rowilng and Amusement Company and that the state ments made In the foregoing certificate are true to the best of my knowledge and belief. W. I\ HAM. Subscribed and sworn to before roe this 18th day of January, A.D. 1008. HENRY M. BROWNING, (Seal.) Notary Public. D. C. STATEMENT OF CONDITION OF HOME Ice Co. of the District of Columbia. Capital stock, paid in $00,750.00 Assets $159,201.52 Liabilities $!?.:U4.27 GOODWIN Y. ATLEE. Secretary. Subscribed and sworn to before me this 20th day of January, A.D. 1H08. (Seal.) WM. B. MATTHEWS, Jr., Notary Public. We certify that th? foregoing statement la I correct to the beat of our knowledge atod belief. A. B. WILLIS. B. M. WILLIS, Jr., G. Y. ATLEE. Trustees. CAPITAL. $1.000.000?SUlll'Ll JvJl.400,000. ETTERS OF CREDIT Issued. Drafts issued direct on princi pal cities of the world. Money transmitted by cable. Exchange bought ana sold. Investments & collections made. Stocks & Bonds bought & sold. ? National! BANK, Pa Ave.,opposite U.S.Treasury. jal0-2*id them, five two-dol!ar for one ten-dollar bond, or five of two-dollar and one of ten dollar for one of twenty. (It lias also to be drawn In such terms that It will not tempt to specu'.ation, namely, for In stance, to the purchase of a hundred of the two-dollar bonds on May 31 at $2.02 and the sale of the same next day, June 1. at $2.08 to the government.) The two dollar bond has to sell or buy for $2.01 when purchased between January 1 and February 28; $2.02 between March 1 and May 31; $2.03 between June 1 and Sep tember 30; $2.04 between October 1 and December 31, and add at same dates of the following year 1 cent until 8 cents have accrued. It will be observed that this returns the 1 cent collected in ad vance on the purchase of thp bond and pays, besides, 7 cents (3^4 cents a year) for $2, 1% per cent per annum. A Savings Education. ' "National banks and savings bankB deal directly with the securities offered by business undertakings and can afford to pay from 3V6 to 4 per cent for money. But they cannot educate a whole people to save monev that is not needed for use for a month or two months as well as this postal savin*s convertible bond could do it, and do it. too. without hoarding the currency. "Thus this system of bonds with its low rate of interest reinforces the savings banks* and the national banks by doing a work educative to the people in the hab its of saving monev and of valuing even small rates of Interest. "An important item, indeed an essential feature of the convertible bond, is that it cannot demand a premium nor fall to a discount, because it can be purchased in any amounts at par value with added in terest any day for such money as Is re ceived to pay for money orders, and like; wise sold to the government at par value* with interest added, the next day or any other dav. If the convertible bond could be at a premium or at a discount it would destrov all Its value and make the postal savings convertible bonds Impossible. Hence to carry out this scheme for the prevention of hoarding it is necessary to keep on sale always a full supply of con vertible bonds. But there is no danger of Increasing the public debt by the scheme, because each bond is sold for cash paid In and Is canceled when turned in to the government and exchanged for money. To Discontinue Hoarding. "If the Treasury should at any time buy any of the United States bonds outstand ing at higher rates of interest?2, 3 or 4 per cent?paying the premium those bonds bring, the equivalent of those bonds could be used to increase the amount of volume of currency In case It is found that the business of the country really needs such increased volume of money. But until hoarding of currency has been discontin ued. as it will be bv the convertible bond, no one can ever tell what is the real need of the nation as respects currency. It is more than likely that it will b? found our currency is larger now than really necessary after the hoarding has been transferred to securities and the currency relieved from serving two functions?first, of medium of exchange, and, second, of an Invested security, or as fixed capital, which, of course, can and ought to be hoarded." THE LONDON MARKET. liONDON, January 20.?American securi ties opened firm today. First prices were 38 te 3?% higher, but later the movement became Irregular and at noon the market was about steady with values from \ be loat to % above Saturday's New Yofk closing. After m irregular movement in the last part of the session the market closed bet ter. FINANCIAL. Capital and Surplus. 18.800. Quo. BANK that could meet your require* ments satis factorily a few years ago may not be able to do so today. Many bnsiness men arc hampered hv having OUT GROWN their bank. Become identified with a strong- institution, such as this?a bank that is always in a position to render its customers every legitimate service, regardless of mon etary conditions. Such banking connec tions cannot fail to prove advantageous, whether your deposits be extensive or limited. Foreign Drafts issued on all countries. Also Letters of Credit and Commercial Credits. C/FORKIQN MONEY bought and sold at current rates International Banking Corporation, 14II5 G St. Uptown Branch, 1124 Conn. ave. Downtown Branch. Center Market. "What Has He Done?'* (Napoleon's Famous Question.) Tli# 'Tittle Corslcan" bad on* ?et Question to ask of aspiring soldiers. It was: "What baa he done?" If the an>lrant*a record answered the question right up he went?If not, the chances are he went the other way. Napoleon's question is sound and pertinent la today'a busi ness world. If you are looking fr?r the right builder, my record answers your Query, "Wo?t has Cowslll done?" ARTHUR COWSILL, '"The Builder Who Makes Good," ?111 rOLrfiKAPO nLDG.. 14TH * Q STB. n OU probably have '-if been figuring on a | ,long vacation for $ years, but when the $; time came each year you $ s;;: lacked the funds. K 3C Start an account here TO- g jc DAY. Add to it as often as ?::= you can?you'll have suf- ? Q ficient funds next summer to ^ realize your wish. J It's all in the will. p' 3 Per Cent Interest on Savings 5? Accounts. 3C | HOME SAVINGS BANK, # 4 " 7th and Mass. Ave. N.W. |s 8 BRANCHE8: j| * 7th and H Streets N.E. jfr 436 Seventh Street S.W. i'f Under Supervision U.S. Treasury. v Ja'JO-tf KLDRIDGE K. JORDAN. BERT T. AMOf. WALTER HIE8TON. WM. P. MEREDITH. JORDAN' * CO., INC.. 1 1305 O FT. N.W. We have for sale desirable real estate loana bearing interest at and 8 per cent; also loana made on business and residential property St reasonable rates. Jal8-3t UR system of exploiting property to rent keeps us in constant touch with the most desirable ten ants. We can put good tenants in your houses without delay. Property psys best tin. der our management, for there are fewer losses from vacancies. The F. H. Smith Co., 1408 N. Y. Ave. tk, L. D. Latimer, 0. STOP! LOOK! MOTHS! The Home Building Aaanclatloin offers to sal aried people the most practical war of savin* money with absolutely no cbsacc of lees. Aak about it. GEO. W. LINKINS, President, 800 18th st. a.w. RICHARD E. CLAUQHTON. Vice President, 17. 8. Trent Co. JAMES M. WOODWAKD. Sec.. 800 lfttb St. o.w. EDWARD S. WE8COTT. Treasurer. 190T Pa. are. n.w. ? DIRECTORS.' ANSON S. TAYLOR. JAMES H. BTRAM, 8. NORRIS THORNE. CHAK. N. MOORS, MADISON WHII'PIJS. FR8X? L. VOQT. WM. T. GAIX1HER. Attorney. JACKSON H. It ALSTON. -/ Depository, COMMERCIAL NATIONAL BANK. Books now open at the office of the treasurer for HulMu-iiptlon to the stock of the twenty fifth series. js!8-8t.e8u The Safest Investments Are those that do not Mnctnate daring dis turbed conditions of the money or stack markets. First deed of trust notes (flrat mortgages), well secured oa real estste la the District of Columbia, constitute "gilt edge" Investments. They da aot depead upon the financial responsibility of Individ uals or corporations for their stability, sad are exempt from taxation aa personal prop erty. We eaa supply sock Investments la smounts from $500 upward. Send Cat booklet. ??Concerning Loana sad laves menu." Swartzell, Rheem & Hensey Co., ?16 r ST. N.W. oel8-d.eSu.80 (E. Q. Smith. L. D. Latimer, 0. F. Neshlt). Js18-284 "Make Assurance Double Sure." THE REM.TT ?PP?*IMl HI MERCY COMPART Will APPRAISE REAL ESTATE and GUARANTEE ITS APPRAI8AU* FOR REAL ESTATE LOANS. Tou take no risk. Will act aa your FINANCIAL AGENT and place loana for you oa real eatate FROM 8100 UP. Paid-in Capital and Surplus, 127,500. 1416 F Street. W. J. NEWTON. President. E. M. GILLETT, Secretary. nn.1O-90t.28 Money at Current Rates LOANED ON D. c. REAL ESTATE. Heiskell & McLeran, noSO-tf 1403 H st. SMALL INVESTORS, NOTICE! Ton ean buy a goad 9% RAILROAD BOND st 80?yielding yea a early 1%. $100 Cash, Balance to Suit, Buys a $1,000 Bond. SPLF.XDID OPPORTUNITY. Call and Get Full Particulars. Lawrence Barnum & Co., BANKERS. 1421 F St. N.W.. Wsshlagten. D. 0. New York. Philadelphia. Pittsburg. Ja?-m.w.f,tf.30 ?