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Evening star. [volume] (Washington, D.C.) 1854-1972, September 21, 1908, Image 19

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The World
Finance
f
j
|
Declines in Every Quarter
Featured Dealings.
HEAVY SELLING AT OPENING
I
I
i
Rallies Later in the Day Helped
Seme Stocks.
STOP-LOSS ORDERS GENERAL J
Foreign Houses Were Also Sellers.
Speculative Sentiment Highly
Confused.
Special Dispatch to The Star.
NEW YORK, September 21?In view
of the general character and tendencies
of last week's stock market, and particularly
of those of last Saturday, nothing
hut a weak and unsettled opening
could have reasonably been expected of
this morning's dealing.-*. Such an opening
was, in fact, experienced, and subsequently
declines ranging from fractional
limits to more than two points were
scored in every quarter of the market.
Transactions during the forenoon were ,
In very large volume, but the trading
became much less active toward midday,
and a number of substantial rallies were
scored from the early levels of depression.
The transactions during the morning
presented precisely the same circum- J
stances that might have been looked for ,
In the light of last week's serious shrink- |
BfTP in values.
The execution of stop loss orders was
reported In all directions and there was
quite heavy selling by commission houses
representing the closing out of accounts
weakened in last week's decline. Foreign
houses were sellers here also, although
upon a comparatively small scale.
Covering of Shorts.
Such recoveries as occurred at one time
or another during the day appeared to reflect
the covering of short contracts.
There were few signs of concerted support
in any quarter, although a number !
of stocks did show exceptional strength,
noteworthy cases in point being i-rie common.
Wisconsin Central ard National
Lead.
Speculative sentiment was again highly
r>r\ry q n H cpnprnllv <sr?pnlriner Hp
pressed for the same general reasons
which were similarly effective last week.
It is hardly necessary to say that these
Included the prevailing: so-called political ;
scare as emphasized by recent developments
and continued discussion with re- .
grard to the prospect of reduced dividend
payments by a number of important corporations
and the renewed depressions in ]
trade.
Published reports to the effect that a ,
wholesale return to work of the employes ,
of the United States Steel Corporation
at Pittsburg: had been ordered met with |
prompt and authoritative denial.
Factors in the Upset.
A further reduction was announced in ;
Ihe selling prices for copper metal., An- [
other factor in the unsettlement of the i
stock market was a rather persistent
rumor that the federal authorities had ;
under consideration a further vigorous j
attack upon the Standard Oil Company j
on new lines, although these reports were i
quite vague so far as actual details were {
concerned. Generally speaking, the b?st i
Idea of the tendencies of the day's market :
could be derived from consideration of the [
dealings upon purely technical lines, and i
these have been sketched out above. ^
Money on call again loaned at the low 1
level established Friday and little altera- \
tlon was noted In the rates for sterling i
exchangv. The commodity markets were
weak.
In the stock market the transactions
were largest and fluctuations widest in
American Smelting, Amalgamated Copper.
St. Paul, Illinois Centra,1, Missouri
faeinc, tne ?iu siocks, union ana soutnern
Pacific and Reading. TJhe United
States Steel shares were dealt |in upon a
large scale also, but fluctuated within !
narrower limits than the stwcks mentioned.
THE COTTON MARKETS.
NEW YORK. September 21.
The cotton market opened steady at a i
flecline of 9alo points and during the
early session ruled weak and unsettled
with prices selling off to a net loss of
15al8 points. The chief factor appeared
to be the Manchester strike situation, it
being reported that fully 72 per cent of
the mills had failed to open this morning.
There was some Wall street support at
the decline and considerable coverings,
but the market ruled within a point or
two of the lowest during the middle of the
morning.
T^ , ./v n rt n ort ?* S W #. ? C C r .
r uiui va uj?f*ucu oicauj , uliuutri , 0.0?),
December. 8.73; January, 8.39; March,
8.0?. May, 8.69.
The market was less active late In the
forenoon and rather steadier as a result
of covering and a little buying on the
theory that the Manchester strike would
soon be settled, but showed little rally- j
In* power with prices only a point or )
two up from the lowest, and at a net decline
of 15al7 points at midday.
Spot quiet; middling uplands, 9.50; middling
gulf. 9.73.
Estimated receipts at the ports today,
fcS.nun bales, against 35,669 last week and j
31,753 last year. For the week. 270,000
bales, against 213,882 last week and 221.B12
last year. Today's receipts at New
Orleans. 3.982 bales, against 3,420 last
year, and at Houston, 18,293 bales, against
7,573 last year.
Liverpool Cotton Prices.
LIVERPOOL, September 21.?Closing?
Bpot cotton dull; prices 14 points lower;
American middling fair, 5.87; good middling,
5.51; middling, 5.31; low middling.
5.07; good ordinary, 4.47; ordinary, 4.07.
The sales of the day were 5.000 bales, of
which 300 were for speculation and export.
and included 4.700 American. Receipts,
13.000, including 12,800 American.
Futures opened easier and closed steady;
September, 4.90; September-October, 4.75!a;
October-November 4 7?)i?- November-ru.
cember, 4 6842; December-January, 4.6642;
January-February. 4.66*2; FebruaryMarch.
4 68; March-April, 4.6i?; AprilMay,
4.70; May-June, 4.71; June-July,
1.714i; July-August, 4.714fe.
THE BALTIMORE MARKETS.
Special Dispatch to The Star.
BALTIMORE, M?l.. September 21?WHEAT?
t'naetlled; ?[?it eontriiet. l.Oa'^al.rta*^; si>ot No.
2 red western, l.Oo'^al.O.V,; September. 1.03V,*
1.03V,; October, l.u3\al <V4; iWrhU'r. 1.05a
1.05V*; steamer No. 2 red, l.OOV^al 004,: receipt*.
15.057 busbela; exports, 56,00*) bushel*;
southern by sample, 95a9S; southern on grade,
I.00? ?i 03%.
CoRn?Quiet: yesr. 68%aC9; January. ttSVja
R>??; receipts, 4.174 bushel*; exports, 500 bushels;
southern white corn. M?K".
OATS?yulet; No. 2 white, .Vla.VH*; No. 3!
white. ?2a52S: No. 2 mixed, 51',a52; receipts,
9.4*8 bushels.
KYE?Firmer; No 2 western export, 83aS3V?;
receipts. 4.397 bushel*.
HAY ?Steady; No. 1 timothy. 13.50al4.00; No.
t olOTer mixed, ll.00all.50.
GRAIN FREIGHTS?Very quiet- steam to LIterpool.
per bushel. l%d October; Cork for orders,
per quarter, 2s 3d October.
Government Securities.
Bid. Asked.
2 per cents, registered. 1530 lKO* 104
2 per cents, coupons. 1930 1<>44?
3 per cents, registered. 1908-18. . 101 10144
8 per cents, coupons. 1908-18 101 101H
3 per cents, coupon*, small. 1908-18 lOOVfc
I per cents, registered. 1925 121 12l4i
1 per cents, coupons. 1925 121V4
2 per cents, reg , Pan. Can., 1936. 102%
District of Columbia 3 G5?, 1924.. 110 .....
?
[of
and Trade
NEW YORK STOCK MARKET.
Furnished by W. B. Hibbs & Co.. bankers
and brokers, Hibbs building, members
New York Stock Exchange, Washington
Stock Exchange and Chicago Board of
Trade.
Open. High. Lew. 2:30.
Amal. Copper 73 73 71 71%
Am. Beet Sugar Co. 17% 17V4 17% 17"%
Am. Can Co 5% 5% 5% W4
Am. Can Co., pfd... ?..., ..... ..... .....
Am. Car & Fdry... 37T4 38% 37% 38
Am. C. & F.f pfd
Am. Cotton Oil Co. 33% 33% 33* 33*
Am. Cot. Oil Co.,pf
Am. Ice Securities.. 26* 26* 25* 25%
Am. Locomotive.... 45 45% 44% 45%
Am. Loco., pfd 10(i% 101 100% 100%
Am. Smelting 82* 82% 80% 80%
Am. Smelting, pfd.. 100 100 luO 100
Am. Sugar 12S* 128* 127% 128*
Am. Sugar, pfd
Am. Tob., pfd
Anaconda ... 43 43% 42* 42%
At , Top. & S. Fe.. 86* 86* 85V* 85%
A.. T. & S. F.. pfd.. 05 95 95 95
At. Coast Line 85% 85* 85% 85*
Baltimore & Ohio... 96 96% 95 95
B. & O.p pfd
Brook. Rapid Tran. 49% 49% 48% 48%
Canadian Pacific.... 17o* 170% 170* 170%
C.. C? C. & St. L... 54% 54% 54% 54%
Central Leather 25* 25* 24% 25*
Cen. Leather, pfd
Cnesa. & Ohio 40 40 39* 40
Chi. Great Western 6 6 5% 5%
Chi.. Mil. & St. P.. 132 133* 131% 131*
L\, M. & St. P.. pfd
Chicago & N.W 157 157 157 157
ol. Fuel & Iron.... 32* 32% 32* 32*
Col. Southern 37% 37% 36* 37*
Consolidated Gas!!! 142 143% 141% 142*
Corn Products 17* 17* 17 17
Cor.i Products, pfd. 75 73 75 75
Delaware & Hudson 108 168 165* 165*
Del., Lac. & West.. 520 520 520 520
Den. & Rio Grande. 27 27 27 27
Distillers' Securities 2!*% 29% 29* 29*
Erie, common 28% 29% 28% 28%
Erie, 1st pfd 42 42 41% 42
Erie, 2d pfd 34% 34% 34% 34%
LJeneral Electric.... 139% 139% 138 139
Creat Nor. Ore 56% 56% 55% 55*
Breat Nor., pfd 129% 129% 128 128%
Hocking \alley..... .... .... .... ....
Hocking \ alley, pf. .... .... .... ....
Illinois Central 139 139 136*137%
Fnferhnrn Vfn* lot, IftTi IftS: 1 Ail
[nterboro Met., pfd. 31 31 30% 30%
International Paper, 9% 0% 9% 9%
K. C. Southern
K. C. Southern, pfd.
Louisville & Nash.. 104% 106 104 106
Maekay Co.'s
Mackay Co.'s. pfd
Mexican Central
M.. K. & T.. com... 30 30 29% 29%
M.. K. & T.. pfd... 62% 62% 62% 62%
M., S. P. & S. S. M. 118% 118% 188% 118%
M.. S. P. & S.S.M.,pf 144% 144% 143% 144
Missouri Pacific.... 52 52% 50 51%
National Biscuit Co
Nat. Biscuit Co., pf
National Lead 76 78% 75% 78%
N. Y. Air Brake 72 72 72 72
N. Y. Central 104 104% 103% 104%
N. Y.t Chi. & St. L. 36 36 36 86
N. Y., C. & S. L.. 2d
N. Y., Ont. & W... 39 39% 38% 39
Norfolk & Western
Northern Pacific 135% 135% 134% 135%
Pac. Mail Steam...
Pennsylvania R.R.. 121% 121% 120 120%
People's Gas of Chi. 94% 94% 94% 94%
Pressed Steel Car.. 30% 31 30 31
Ry. Steel Spring Co. 34% 35 34% 34%
R>\ S. S. Co., pfd
Reading 129% 130% 128% 129%
Rep. Iron & Steel.. 21% 21% 21% 21%
Rep. I. & S.. pfd... 78% 78% 78% 78%
RockIsland.com... 18 18% 17% 17%
Rock Island, pfd... 34 34% 32% 33%
Sloss-Sheffleld Steel. 61% 61% 61% 61%
3. L. & S. F.. 2d pf
3t. Louis S.W., pfd. 43% 43% 43% 43%
Southern Pacific.... 102% 103% 102%
So. Pacific, pfd 117% 117% 117% 117%
Southern Ry 20% 20% 20% 20%
Southern Ry., pfd.. f?l% 51% 51% 51%
rennessee Copper... 37% 37% 36% 87%
Pol*. St. ]j. A W... .......... ..... .....
r., S. L. & W., pfd. 55% 58 55% 56
Union Pacific 158 158% 156% 157%
Jnion Pacific, pfd
J. S. Rubber 29% 29% 29 29 <
J. S. Rubber, pfd i
J. S. Steel 44% 44% 43% 44% :
J. S./Steel, pfd 107% 108% 107% 108
Jtah Copper 40% 40% 39% 40
i'a.-Car. Chem. Co
i'a.. I., C. & C. Co.. 58 58 58 58
abash ............ ..... ..... ..... .....
Wabash, pfd 24% 24% 24% 24%
Western Union 59% 50% 58% 58%
West. Elec. Man... 71% 71% 71% 71%
Wisconsin Central.. 26 26% 26 26%
Wisconsin Cen.. pfd. 49% 49% 49 49%
Woolen Goods
Woolen Goods, pfd. 92 92 91% 91%
BONDS.
Am. Tob. 4s
Am. Tob. Os 110% 110% 110% 110%
B. R. T. 4s 75 75 74% 74%
Inter. Met. 4%s 68 68 67% 68
Rock Island 4s 67 67 67 67
U. S. Steel 5s 101% 101% 101% 101%
Union fnnvnr i. o?u otu (mu a*
..... wt. wi 7J WI78 W73 VI
Closing Quotations.
At the close of the stock market the following
stocks had changed In price since
above quotations, there being no change
In balance of the closing prices:
Amalgamated Copper, 31%.
American Car and Foundry, 37%.
American Locomotive, 45.
American Smelting, 80%.
American Smelting, pfd., 101%.
American Sugar, 127.
Anaconda, 47%.
Atchison. Top. & S. Fe, 85%.
Atlantic Coast Line, 84%.
Baltimore and Ohio, 94%.
Brooklyn Rapid Transit, 47%.
Canadian Pacific, 169.
Central Leather, 24%.
Chicago, Mil. & St. "Paul. 129%.
Chicago & N. W? 156.
Colorado Fuel & Iron, 32.
Colorado Southern, 36%.
Consolidated Gas, 139%.
Distillers' Securities
Erie, com.. 28%.
Erie. 2d pfd., 34.
(General Electric. 138.
Great Northern Ore., 55%.
Great Northern, pfd., 26.
Illinois Central. 136%.
Interboro Metropolitan, pfd., 30.
Louisville and Nashville, 104%.
Mo., Kansas and Tex., com., 28%.
Mo.. Kansas and Tex., pfd., 62%.
M. S. P. and S. S. M.. 118.
Missouri Pacific. 50%.
National Lead. 76%.
New York Air Brake, 73.
New York Central, 103%.
N. Y., Ontario and West., 38%.
Norfolk and Western, 72.
Northern Pacific, 133%.
Pennsylvania R. R., 121%.
Peoples' Gas of Chicago, 94.
Pressed Steel Car, 30.
Reading. 126%.
Rock Island, com., 17%.
Rock Island, pfd., 33.
Southern Pacific, 99%.
Southern Pacific, pfd.. 117.
Southern Railway, 20%.
Union Pacific, 154.
United States Rubber, nfd., 97%.
United States Steel, 43%.
I'nited States Steel, piu., 107%.
Utah Consolidated, 39.
Wabash, pfd., 24.
Western Union, 57%.
Westinghouse Elect. Man., 71.
Wisconsin Central, pfd., 48%.
Woolen Goods, 23%.
Woolen Goods, pfd., 91.
BONDS.
Interborough Met. 4%s. 67%
United States Steel 5s, lol%
Union Conver. 4s. 96%.
CURB QUOTATIONS.
Quotations furnished bj K. F. Hatton ft Co.,
members New York Stock Exchange; G. Bowls
Chlpmau. manager, 1301 F St. n.w.
Open. High. Low. Close.
Buy State Gas 2% 2% 2'i 2%
Boston Col. Cop 12 12 11% 11%
British Col. Cop 0% 6% 6% 6%
Chicago Subway 19% 19% 19% 1?%
Cumberland F.ly 7% 7% 7% 7%
Pavls-I>aly 2 2 2 2
Dominion Copper 11 % %
Goldfleld Cons'ted. ..515 16 515-16 5 18-16 513-16
Greene Cananea 10*4 10% 10 10
Mlcmae Gold Mln ... 2% 2% 2% 2%
Nevada Consol 15 15 14% 14%
Nevada I tah Cop... .215-16 215 16 2% 2%
NlpUstng Mlnlug 8% 8% 8% 8%
Standard OH 020 620 020 6?
Trl-Bullion 1 1% 1 1 1-16
I nlted Copper 11 11 10% 10%
Daisy 62 04 62 04
Florence 311-16 311-16 3% 8%
Yukon 4 9-16 4 11-16 4% 4%
Treasury Statement.
Today's statement of the Treasurv balances
In the general fund exclusive of
the $130,000,000 gold reserve shows: Available
cash balance. $182,223,086; (fold coin
and bullion, $32,428,320; gold certificates,
$30,511,800.
LOCAL FINANCIAL NEWS.
Potomac Electric 5s again led in the
trading on the local stock exchange at the
regular session today. On call four lots
changed hands?$2,000 at 105% and three
$1,000 blocks at 106. After call Mr.
Parris offered $5,000 of the same security
at 105%, which was promptly taken, but
no purchaser appeared when another
$5,000 block was offered at a similar figure.
For the first time in almost a week
Washington Gas figured in a trade, three
small lots of stock being sold at 64.
Washington railway preferred found
friends on both sides of the market, and
buyers and sellers got together for four
lots, aggregating 120 shares, at S3 and
The general market as the center of
the greatest Interest In Washington's
financial circles, and many local operators
who enlisted on the "bear" side at the
beginning of the recent slump In prices
gavo comprehensive profit-taking orders tc
their brokers.
Washington Stock Exchange.
Rales. ?Regular call, 12 o'clock noon?Potoma<
Electric Light 5s. $2,000 at 106%. $1,000 at 106,
$1,000 at 100. $1,000 at 10)1.
Washington Rwy. and Elec. pfd., 10 at 83, 1(
at 83. 50 at 83. 50 at 82%.
Washington Gas. 25 at 64, 100 at 64, 16 at 64.
Mergenthaler Linotype, 3 at 204%, 10 at 204%.
Second National Rank, 3 at 143.
United States Trnit, 3 at 98.
After call?Potomac Electric Light 3a, $5,00C
at 103 V
Capital Traction. 40 at 128.
GAS BONOS.
Bid. Aaked.
Georgetown Gna 5a 109% HI
Washington Gaa 4a 98 102
Washington Gas cert. 6s 103 108
RAILROAD BONDS.
Capital Traction 6a 113V 115
City and Suburban 3a 100%
Columbia 5s 103 105
Columbia 6s 109 112
Metropolitan 5s 108 112
Washington Rwy. and Elec. 4s... 81% 82
MISCELLANEOUS BONDS.
Potomac Electric Light 5a 105% 107K
Nor. and Waah. Steamboat 6s 104%
Chesapeake and Potomac Tel. 5s. 103%
Washington .Market 5a, 1927 107
Washington Market 5a, 1947 107
PUBLIC UTILITY 8TOCKR.
Capital Traction 128 128%
Washington Rwy. and Elec. com.. 34 SO
Washington Rwy. and Elec. pfd.. 82% 83
W?V a4.an.kAa* OiU QAa
ui . aim IT aou. MV/
Washington (>aa 94 95
Bell Telephone of P? 09
TYPE MACHINE STOCKS.
Mergenthalcr Linotype 204 204%
Lanston Monotype 11% 12
MINING STOCKS.
Greene Cananea 10 10%
Mitchell % %
NATIONAL BANK STOCKS.
American 198 180
Capital 109
City "5
Columbia 270
Commercial 105 180
Farmers and Mechanics' 305
Lincoln 125 ....
Metropolitan 210 228
Second 145 150
Washington 300 410
TRUST COMPANY STOCKS.
American Security and Trust 217 225
National 8afe 180 103
Union Trust 115 118
Washington Loan and Trust 185 102
U. 8. Trust 01% 09
SAYINGS BANK STOCKS.
Home Sarlngs 290 850
Merchants and Mechanics' Barings. 140
Union Barings 235 265
FIRE INSURANCE STOCKS.
Arlington 29 82
Columbia 9
Commercial 6 6
Firemen'* is w
Franklin 50 .....
German-American 267 800
Metropolitan 35
National Union 6
People's 6
Potomac 28% 20
R1? 7%
TITLE IN8UKANCE STOCKS.
Colombia 3
Real Estate 80
ashlngton ..................... 2^4 *....
MISCELLANEOUS STOCKS.
Grapbophone pfd 41 52
Security Storage 150 200
Washington Market 10
THE GRAIN MARKETS.
CHICAGO, September 21.?Firm cables
more than offset the Influence of heavy
northwest receipts at the opening of the
wheat market today. December opened
% to He higher at 101H to 101H and tor
a time held within the opening range.
Corn after temporary steadiness declined
%a%. December oats opened He over
Saturday and declined to 48H- Provisions
opened 2He higher than the j.-.turday
close and at the decline of 5c from the
top a good market was foundLater
the wheat market weakened to
a marked degree on a visible increase
of 3,872,000 bushels and the heavy receipts.
December closed lalH under
Saturday, at 100%al00%.
Corn closed heavy, December, l%al%
lowftr, &t 64^.
Close: Wheat?September, 99%; December.
100Hal00%; May. 103%al03%Corn?September,
76%; October, 73%;
December. 04%; May, 64%aG4%.
CanfamKar IfiU* 4KUt
V/ttVT-OCJ/VVIMMV* I TV /J| f ?' ? ? ? ? y , m ,
May, 50%a51.
Pork?September. 15.27%; October,
15.47%; May. 16.90; December, 15.45.
Lard?September. 10.35; October, 10.37%;
January, 9.92%; May. 9.97%.
Ribs?September, 0.92%; October, 9.95,
January, 8.87%.
Rye?Cash, 76a76%.
Barley?Cash. 58a62.
Timothy?September, 3.50.
Clover?October, 9.00.
Liverpool Grain Prices.
LIVERPOOL, September 21.?Closing:
Wheat?Spot strong; No. 2 red western
winter, 7s 9d; No. 1 California, 8s Id;
futures steady; September, 7r 8%d; December.
7s 8%d; March, 7s 6%d. CornSpot
quiet; American mixed, 5s 10d. Futures
steady. December, 5s lOd. FlourWinter
patents steady, 28s. Hops?At
London (Pacific coast) steady, ?1 lOsa
?2 5s.
THE LONDON MARKET.
Special Dispatch to The Star.
LONDON, September 21.?In the late
afternoon the stock market was restricted
and without much show of confidence.
Gilt-edged issues developed some
hardness, owing to the fact that the new
treasury bills were placed at a price
yielding a low Interest return. Americans
furnished the flattest department, and
were influenced by advices from NewYork.
The Harriman Issues closed at the
official session at the bottom prices, but
developed more steadiness on the curb,
where changes In price were mixed and
did not exceed the limit of small fractions.
The department of foreign securities
was irregular, the principal features being
the purchase of Turkish Issues by
Paris. The market In kafflrs was much
narrower than recently. Rio Tlntos continued
weak at a net decline of 1% per
cent from Saturday at 67%. The continental
bourses were Irregular.
London Closing Stocks.
LONDON, September 21, 4 p.m.
Con hole for money V> 0-11
Consols for account 89 9-lfl
Anaconda KTj
Atchison 88 U
Atchison pfd 97%
Baltimore and Ohio 9su
Canadian Pacific 17*%
Chesapeake and Ohio 41%
Chicago Greet Western ft
Chicago, Milwaukee and St. Paul 137%
Do Beers 13
Denver and Rio Grande 27
Denver and Rio Grande pfd R8
Erie 20%
Erie 1st pfd 43%
Erie 2d pfd 39
Grand Trunk 224
Illinois Central 1434
Louisville and Nashville 107\J
Mlsaourl, Kansaa and Taxes 304
New York Central 107
Norfolk and Weatern TS
Ontario and Weatern 404
Pennaylranla 02
Rand Mines 7U
Reading 064
Southern Railway 214
Southern Railway pfd 534
Southern Pacific 1034
I'nlon Pacific 1614
T'nlon Pacific pfd 00
United State* Steel 434
1'nlted States Steel pfd 110%
Wabash 124
Wabash pfd 26
Spanish 4s i 034
Amalgamated Copper 73%
Bar allrer. steady. 24 2-lfid per ounce.
Money. 4a* per cent.
The rate or diacount In the open market tor
abort.bllla la 14al4 per cent.
The rate of diacount In the open market foe
three-month bllla la 1 7-16*14 per cent.
Always Bed.
Krom Puck.
Little Bessie (looking at banket ot
peaches)?Mama, don't the styles In
peaches' veils ever change?"
INCREASE IN COMPENSATION
I
1
1 NOTICE TO MACHINE OPERATORS
IN G. P. O.
' Advance ot Ten Cents an Hour to
Each?Public Printer's Announcement.
I Public Printer Leech today gave The
I Star the text of a letter which he addressed
to the linotvDe ODerators and
j monotype keyboard operators In the government
printing office on the matter of
, increased compensation. A committee
j recently waited upon Mr. Leech and re!
quested an increase in the pay of the
> operators.
' In the letter written by the public
printer he says the experimental stage
of machine compensation In the government
printing office has passed, and
proficient operators in this office are not
; receivipg compensation equal to that paid
by commercial offices in the larger cities
) throughout the country, and in his judg,
ment the compensation paid by the gov,
ernment to linotype operators and monotype
keyboard operators is insufficient to
insure the continuance in the service of
capable operators, and, consequently, not
such as the interests of the service demand.
Approved by the President.
"The matter has been considered by the
President," he adds, "and it affords me
great pleasure to be the instrument in
his hands to inform you that the President
approves an increase in the compension
of all linotype operators and all
monotype keyboard operators, now employed
or to be employed in the govern^
mont nrfntlrifr nffloo ond 1'All Q T*r? thbPP
iKVII V |/l lining UiHV t, UIIU J Vf? ?*? v. v
fore advised that the scale of wages paid
this class of employes shall, on and after
October 1, 1908, be increased from 50
cents to 60 cents yer hour."
i Directly the public printer assumed control
of his office he began an investigation
of the scale of wages in force at the
government printing office, and it was
during this investigation that the question
of the pay of job compositors was
t called to his attention, and in reply to an
inquiry addressed by him to the deputy
public printer, under date of June Iff. IfffW.
calling for a statement as to the authority
' for paying job compositors imposers' pay
the deputy public printer said "there is
no authority for doing this under the law."
Mr. I^eech at once addressed a letter to
the controller of the Treasury requesting
a decision on the subject, and again
showed his interest in the employes by
making the statement to the controller
which it was hoped would result in justifying
a decision that the scale of wages
hitherto paid to Job compositors should
be continued by authority of law.
Controller's Reply.
In answer to his communication the
controller replied that:
"A person who thus sets type on job
work is a printer and compositor, and, in
my Judgment, you are not authorized to
pay him more than 50 cents per hour (the
regular rate) for time employed in composition.
because as an incident to said
composition he imposes the same."
On account of this decision of the controller
the public printer was obliged to
reduce the compensation of Job compositors
to the regular scale of com,
posltors' pay. But in connection with
this decision the controller advised that
the compensation for machine compositors
was a matter that was left to the
discretion of the public printer, and by
this assured that the granting of an increase
to linotype operators and monotype
keyboard operators was legal. And,
having satisfied himself by careful research
and investigation that the interests
of the government would not be sacrificed
by such Increase, he proceeded to
perfect a plan whereby the increased
scale could be put in operation, and his
letter of today is the result.
The change will affect eighty-four linotype
operators and 137 monotype keyboard
operators, and will involve an additional
expenditure for salary of $54,000 per
annum, but it is confidently expected that
this amount will be more than compensated
for by the beneficial results which
are bound to follow the proper recognition
of faithful and efficient service.
WHOLESALE MARKET REPOBT.
Quotations given below are for large
lots. Jobbers' prices are higher.
EGGS. ? Nearby fresh Virg'nia, 24;
west Virginia and southwest Virginia,
22; Tennessee. 21.
BUTTER. ? Creamery, fancy, 25a26.
Western firsts, 22a23; seconds, 19a21.
Process, fancy, 21a22; fair to good, 19a
20. Store-packed, fresh, 15al6.
CHEESE.? New York state factory,
new, large, 13al4.
POULTRY.?Chickens, spring, per lb.,
15al6; hens, per lb.. 12*6; roosters,
? Ter lb., 8; keats, per lb., 10; turkeys,
hens, per lb.. 15al6; turkeys, toms, per
lb., 15; ducks, per lb., 9.
DRESSED POULTRY?Hens, choice,
per lb., 14; roosters, per lb., 9; chickens,
per lb., 15al6; ducks, per lb., 8al2.
VEGETABLES. ? Potatoes, per bbl..
No. 1, 2.25a2.50; potatoes, No. 2. per
bbl., l.OOal.SO; sweet potatoes, per bbl.,
1.25a2.00; yams, per bbl., 1.50; cucumbers,
per basket, 1.00al.50; onions, perbbl..
1.75; peppers, per carrier. 50; cabbage,
per bbl., 1.00al.75; eggplant, per
bbl., 1.00; per doz., 30a50; squash, per
bbl.. 75; snap beans, per basket, 30a40;
per bbl., 75al.25; new beets, per bunch,
2a3; lettuce, per basket, 50al.00; tomatoes,
per box, 50a75; radishes, per 100,
1.00al.25; green corn, per doz., 10al8;
celery, per bunch, 40a50.
GREEN FRUITS.?Apples, per bbl.,
l.OOal.SO; per double-headed bbl., 1.25a
3.00; oranges, Cal., per box. 3.50a4.50;
grape fruit, per crate, 3.00a5.00; pineapples.
Florida, per crate, 2.00a2.75;
peaches, per crate. 1.00a2.00; per half
bushel basket, 60a 1.00; plums, per basket,
20a35; cantaloupes, per crate, 75a
1.50; cantaloupes, Colo., per crate, 2.50a
2.75; watermelons, each, 15a40; pears,
per bbl., 2.00a4.00; per basket, 50al.25;
grapes, per basket, 10al2; damsons, per
basket. 45a50.
HAY AND ST AW. ? Hay, western.
No. 1, 13.50al4.00; No. 2, 12.90al2.50;
mixed, 11.00al2.00. Straw, rye, bundle,
14.00al4.50; rye. machine thrash, 0.00a
10.00; wheat, 6.00a6.50; oat straw, per
ton, 8.00a9.00.
SEEDS. ? Alslke, per bu., 8.75al0.50;
clover, per bu., 6.00a7 00; timothy, per
bu., 1.83a2.10.
LIVE STOCK.?Cattle, extra, per ewt.,
4.50; medium, per cwt., 3.50a4.00; ordinary,
per cwt., 2.00a3.00. Hog's, per
cwt., gross, G.75a7.00. Sheep, per lb., 3a
3%; spring lambs, choice, per lb? 5*4;
medium, per lb., 5. Calve3. choice, per
lb.. medium, per lb., 8; calves,
grass, per lb., 4%a5.
BEEF CUTS.?Ribs. No. 1. per lb.. 14;
No. 2, 12; No. 3, 10. Rounds. No. 1. per
lb.. 10; No. 2, 9: No. 3. 7. Loins, No. 1.
per lb.. 14; No. 2. 12; No. 3. 10. Chucks,
No. 1. per lb.. 8; No. 2, 7; No 3. 6.
WOOL AND HIDES.?Wool, washed,
free of burrs, per lb., 23a25; unwashed,
| per lb., 20a21. Hides, green, per lb.. 9;
' _ i *_ < a. 1 n ni -1.1 _
dry, per id., luaii. Diieepsmns, fjreen,
i each, 00a75; dry, each, 25a60. Calfskins,
sreen, each. 1.25al.40. Dry flint hides,
per lb.. 12al3; dry salted hides, per lb.f
, 10al2. I
i GRAIN.?Wheat, per bu.. 84a07. Corn,
shelled, new, per bu., 35a90; ear, 4.15a
1 4.40. Oats, western white. No. 2, per
1 bu., 63a68; mixed, 62a64. Bran, per ton,
| 28.00a30.00. Middlings, per ton, 30.00a
32.00.
THE FOREIGN BANKS.
| LONDON, September 21.?Gold bars, 77s
?/> / J A M a mr m i a
1VT4U. American eagles, <oa o-jja.
i
, PARI8. September 21.?Closing: Three
per cent rentes, 95 francs 92V4 centimes
i for tlie account.
Exchange on London, 25 francs 12 centimes
for checks.
BERLIN. September 21.?Exchange on
London, 20 marks 39tfc pfennigs for checks.
The rate of discount for short bills is
2\4 per cent, and for three-month bills is
3* per cent.
Captious Customer?"I want a piece of
, meat without any bone, fat or gristle."
Bewildered Butcher?"Madam, I think
you'd better have an egg 1"?London
Sketch. ?- ...
Will BEGIHJflHIGHT
(Continued From First Pare.)
touching them with the hands. There are
1,400 cuspidors to be cleaned every night
at the big prlntery and the method is an
interesting one. Dr. Manning, in charge,
said today that there were no patents on
his apparatus and nothing was for sale.
He wants to have manufacturers look at
the exhibit and adopt similar measures
in their own plants.
Tonight's meeting, which will be in the
nature of an official opening of the exhibit.
will be presided over by Commlssion
r--'
* > ; - v
he ^ ^
' VI' - ' w PL
: >f*i*\ . ^ nk . :>-&cw. -1y|:j
-110
iHMr JMkiM
i - > JVBH^Sl
m- VKfPff?fl
Dr. John S. Fulton,
Secretary-General.
er Macfarland. Gen. George M. Sternberg
will make the address of welcome.
utners speakers will be Secretary or War
Wright, Secretary of Commerce and
Labor Straus, Gov. Swanson of Virginia,
Gov. Stuart of Pennsylvania and Gov.
Crothers of Maryland.
Women Make Plans.
The committeee on women guests from
the United States to the international tuberculosis
congress met In the Chamber
of Commerce this morning to organize for
the work of the coming three weeks.
Mrs. Charles W. Richardson, chairman
of the committee, presided. Mrs. D. K.
Shute is secretary. There were many ladies
present, representing official, society
and professional circles. All seemed
greatly interested in the work in hand,
which was the arrangement for reception
of the hundreds of woman guests from
all over the world who will attend the
congress.
It is the intention to provide committeee
of women who can greet the various delegations
of women in their own language.
There will be a committee to greet the
French, one to greet the German, one to
greet the Spanish and other Latin nationalities.
Details from these committees will be
on duty each day at the Union station
and at the various hotels. Information
booths will be established at the different
hotels where women well equipped for the
purpose will give Information about the
places of Interest in the city and how to
reach them. It was also suggested that
ladles might act as escorts to some of
the more timid visitors who are less used
to going about by themselves than Americans
are.
The committee that met this morning
is known as the "English-speaking" com1
mittee, and Is composed of:
English-Speaking Committee.
Mrs. Charles W. Richardson, chairman;
Mrs. T. B. Kendall, M.ss K McLaughlin,
Mrs. John Magruder, Mrs. A. Snyder,
Mrs. William B. Orme, Mrs. L\ D. Wilton,
Mrs. A. A. Hasson, Mrs, William H.
Baldwin, Mrs. John C. Boyd, Mrs. Grace
Berry, Mrs. C. R. Darnell, Mrs. Quy L,.
Edie, Mrs. Frances R. Hagner, Mrs. W.
Fox, Mrs. Frederick True, Mrs. H.
Barker. Mrs. G. Brenizer, Mrs. A. D.
Butz, Mrs. G. C. Clarke, Mrs. L. Elliot, i
Mrs. D. K. Shute. Mrs. Demean McKim,
Mrs. Newton Mason, Mrs. C. E. Monroe,
Miss Monroe. Mrs. Ernest Walker, Mrs.
E. A. Hill. Mrs. W. F. Ethell, Mrs. W. 1
McK. Stowell, Mrs. E. B. Rosa, Mrs.
8arah Farr, Mrs. Hloes, Mrs. H. T. Harding,
Mrs. R. T. Holden, Mrs. T. K.Kelly.
jr., Mrs. A. F. A. King. Mrs. J. ?. uewes,
Mrs. Dorsey M. McPherson, Mrs. W.
Gerry Morgan, Mrs. R. A. Pyles, Mrs.
Jesse Ramsburgh, Mrs. B. M. Randolph,
Mrs. S. O. Rlchey, Mrs. John C. Simpson, |
Miss Zellah Solomons. Mrs. A. S. Staveley,
Mrs. T. S. Stone. Mrs. A. Rhett Stuart,
Mrs. John Van Rensselear, Mrs. E. W.
Watklns, Mrs. John R. Wellington .Mrs.
Walter Wells, Mrs. T. B. West, Mrs. ,
George W. Wood.
Stationed at Hotels.
The chairman appointed the following
chairmen of committees on hotels: Mrs.
John MagrMer, New Willard; Mrs. J.
Hall Lewis, Shoreham; Miss N. McLaughlin,
Arlington; Mrs. R. A. Pyles,
Raleigh; Mrs. W. J. Ethel, booth at
Union station. (
WANTS MORE MONET.
Disbursing Officer Wilson Would
Raise Employes' Salaries.
To run the disbursing office of the District
during the next fiscal year, Ivouis C.
Wilson, the recently appointed disbursing
officer, has asked the Commissioners to
Include an item for $9,380 in their budget
of estimates to Congress. This amount
Is $2,000 more than Congress appropriated
for this office for the present fiscal year.
This Increase is to be used in raising the
salaries of three employes of the office.
C. M. I.owis, deputy disbursing officer, is
recommended to be increased from $1,500
to $2,000; Paul Dean, clerk, to be increased
from $1,200 to $1,500, and E. H. Frarler,
clerk, to be increased from $900 to $1,200.
The sum of $1,200 is requested with which
to employ an additional clerk.
In concluding his report Mr. Wilson paid
the following tribute to the efficiency of
the personnel of his office: "The entire
clerical force of this office is composed of
men who are especially skilled In the responsible
work of handling accounts and
actual cash, and are uniformly accurate
and prompt. They are compelled to frequently
work after closing hours, and It
is believed that the increase asked for
would be in keeping with their competency
and usefulness to the disbursing
branch of the District government."
Purity of Speech.
From the New Orleans Times-Democrat.
The real crime against purity In speech
consists in coining words and phrases, or
snatching up slang, when neither new
thoughts nor new facts press for utterance.
Americans are peculiarly prone to I
feats of this kind and thus lay themselves
open to the charge of lacking reverence
for the mother tongue. Our ;
schools are in large degree responsible
for & slovenliness of style which is fast <
becoming a second nature. There are few I
teachers who set a good example in this I
regard. A solecism is bad enough when <
it falls from uneducated lips; but is slm- 1
ply vile when uttered by man or woman 1
who should be "nothing if not critical."
Unhappily, our stage does not perform i
Its function as it should do in a civilized i
land, for some of the greatest actors are 1
guilty of mortal sins against the deca- i
logue of elocution and syntax. From
the pulpit, too, one too frequently nears
barbarisms for which schoolboys of former
generations would have been well
birched. And yet. there are standards
which cannot fail. Cranmar has long
been in his grave, but still speaks with
authority through the splendid cadences
of the Book of Common Prayer. The
translators who gave us the King James
version were perfect masters of English,
whatever their faults as theologians mav
have been. Every sentence is terse and
lucid; every Idiom accent in the ear; each
nice shade of Idea finds its reflex in the 1
written word. j
I
FINANCIAL.
Trust Company Sto
The Honorable Les
the Presidency of the Fi
Trust Company, bespeak
ment of the stock of the
& Trust Company of Ph
and profitable investment
in at price of the stocks c
W A
trust companies worth, a
actually sold at $400 to $
Mr. Shaw's associate
cial reasons why the stoc
Guarantee k Trust Com
great opportunity to ixire
The oompany will hare the
experience and national repute
The handling of guarantee
large part of the company's fc
been, demonstrated in many o
New York, where one of the yo
16 per cent.
The First Mortgage Guars
duct a department tor banking
brought over $40fi00fi00 in dep
This company with Mr. 3haw a
est "banking by mail" business
The public is seldom prral
s financial institution poeeeaeti
tary Shaw required that the st
tBVOC Ut 11IWV WIIHI11IIJ V? Ul;
u when Secretary of tike Unite*
the people, and net financiers a
to boy government bonds direct
States.
Subscriptions are bei
the company and the stoci
in which subscriptions are
Stock allotted may b
$26 at date of nfaacrfetion, I
$75 on or bsfore Jaaaary 31, 1$
First Mortgage On
Nos. 927-929 Cbestni
Mmkm AM CMb Mn
Capital. $1.000,000?Surplus, $1,800,000.
EXCHANGE
bought and sold.
Foreign Drafts issued.
Letters of Credit issued.
Investments&Collections made.
Stocks & Bonds bought & sold.
RiggsNs!W
Pa. Ave.,opposite U.S.Treasury.
ael7-28d
1 MWimT IHIM 1
* UUUUtAlU U ft
1 DIE DUE?"
Jjj ?Napoleon's Famous Question. flfe
^ The shrewd American of to- ;:
2? day can grain a few lessons from [
3E the great Napoleon. Today's
i fight is a warfare of dollars;
? Napoleon's warfare of blood. 5
ijb But tfapoleon's pet question. ?
A "What has he done?" when
* looking into one's record, ?
* should be repeated today when ^
^ls you are looking for a builder. &
U The worthy builder shows him- Mr
X self in his record. My record ia *
jjF open to your inspection. *
$ ARTHUR COWSILL, 1
3c ' i
$ "The Builder Who Makes Good," '?
W J 8
y HIBBS BUILDING. 723 1BTH ST. N.W. ?f
"JACK" RAMSAY STILL AWAY
SON OF HEAR ADMIRAL HAS DIS
APPEASED COMPLETELY.
Rumor That Domestic Trouble
Caused Him to Worry?Separated
From His Wife.
The word "missing" still appears on the
records of the police in connection with
the mysterious absence from his home
of George D. Ramsay.
The man the police are trying to locate
Is a son of Rear Admiral Ramsay, U. S.
X. He disappeared from his residence In
tlrts city twenty-one days ago. and his
continued absence is causing grave apprehension
among hlB relatives and friends.
When young Ramsay first went away
little was tfi >ught of the matter, as he
was seen two day a later on a Washington
and Norfolk steamboat. To &a Intimate
friend, who was also on the steamer,
Ramsay said he was bound for Norfolk,
but Intended to return almost immediately
to Washington.
In searching for a motive for his going
away it was stated that he had been separated
from his wife following some domestic
difficulty. This statement added
to the uneasiness caused by his disappearance.
It is said he separated from
his wife last June and has been greatly
worried ever since. The couple have three
children and resided at the Kanawha,
3016 Dumbarton avenue. The children
were sent to the country early in the
summer and have not returned.
Mrs. Ramsay could not be found today,
but it Is understood she has entered a
denial of the statement that she gave her
husband cause for jealousy. She admits
rh*? nenaratlon. Her maiden name was
Mary Cowles.
"Jack" Ramsay, as he was familiarly
termed by his friends, was a most popular
man, and some of his friends scout
the idea that he has committed suicide
or has met with foul play.
Mrs. Ramsay Not At Home.
A Star reporter called today at the
boarding house, near 14th and H streets,
where Mrs. Ramsay took up her residence
after being separated from her husband.
The purpose was to learn If she had resolved
any Information from Mr. Ramsay,
but she was not in her apartments. She
Is highly connected, being related to several
prominent families In the District,
rhe boarding house keeper did not know
when Mrs. Ramsay would return.
Admiral Ramsay was not at home when
the reporter called at his house on N
street. It was learned, however, that
tie was much concerned over the continued
absence of his son.
Inspector Robert Boardman. chief of detectives,
said he is Investigating the mat
ter, but there have been no developments.
It Is believed by some that Ramsay left
the steamer at Old Point Comfort with
the Intention of remaining In seclusion at
some quiet place until the pangs caused
by the separation from his family have
become less acute.
Mr. Ramsay held a clerkship in the ordnance
bureau of the War Department.
His fellow-employes like him because of
bis geniality and courtesy. Before he disappeared
he gave no inkling to his felow-employes
of any family trouble or of
bis Intention to go away. '
FINANCIAL. '
ck As Ao Investment"
lie M. Shaw, in accepting
ret Mortgage Guarantee it
s its success. His endorseFirst
Mortgage Guarantee
Lladelphia as a conservative
is well justified by the sell?f
other large Philadelphia
t par, $100 per share, but
700 per share.
s believe that there are spelt
of the First Mortgage
paxxy offers an unusually
store:
advantage of Mr. 8W1 energy,
(ion.
sd mortgage!, which will form a
nriiifiM, is very profitable, as has
if our large cities, especially in
unger companies lest year earned
atas dt Trust Company will conj
by mail. Banking by mail hss
oeits to one of our smaller cities,
a Pi em dent should hawe the largin
the United States,
eged to subscribe for the stook of
ig such opportunities, but Secreock
of the First Mortgage Quartered
to public subscription, just I
i States Treasury he insisted that
lone, should have the opportunity
from the Treasury of the United
ing received at the office of
t will be allotted in the order
received.
e paid for as follows:
ISO mi or before October 31, 1901,
OS.
arantee & Trust Co.
it St. Philadelphia, Pa.
uymhi* It tkm Cmmpatty
Capital and Surplus. |6,500.000.
^ F you contemplate
leaving for
foreign countries or
have recently returned
from abroad,
?you'll appreciate the
service offered by this
bank.
We issue LETTERS
OF CREDIT and COMMERCIAL
CREDITS,
available throughout Europe
and the Orient.
We buy and sell FOREIGN
MONEY at current
rates.
Tourists will also find
our many foreign branch
houses a great convenience.
International Banking
Corporation, fl 415 G St.
Uptown Branch, 1136 Conn. ave.
Downtown Branch, Center Market.
? Under U. S. Treasury Supervision, j;
% :
? ':
I Safety I
? Of the funds deposited in ?
? our care is always our first s
j| consideration. &
s J'
I Home Savings Bank |
X 7th and Maes. ave. n.w. *
% Branches: %
* 7th and H sts. n.e. 436 7th st. s.w. #
*****
. .> cruv I VX'ftlT. TMlft
W.'ip vi v idenda?The
HYATTSVII.LE BUILDING ASSOCIATION
of Hyattarllle. Md.t baa o*cr half a
million dollars loaned on first mortgages. It
haa paid In twenty-one years 199 PER CRNT
IN DIVIDENDS. It la now pay In* regularly
not leas than 4 per cent half yearly, or 8 per
cent per year, on Inreatmenta. Full paid stock
can be withdrawn, with dividends. In thirtyfour
months. For Information address E. N.
WATEH8. Secretary. 1331 G at. n.w.
aol7-30t.l0
W.B.Hibbs&Co.
{New Tort Stock Exchange
Washington Stock Exchange
Chicago Board of Trade
LOCAL, SECURITIES borght
nnd eold on game fav table
term* as we offer for trading la
New York stocks and bonds.
,
Hibbs Building:*
JelT-eo.40
I?? 111 J
The Safest Investments
Are those that do not fluctuate during dietutted
conditions of the money or atert
markets. First deed of trust notes (trot
mortgages), well secured on real estate In
the District of Columbia, constitute "gilt
edge" Investments. They do not depend
poo the financial reeponaibuitr or imitmoala
or corpor.tlona for their .{ability. aM
are exempt from taxation aa pm Banal
property. We eon .apply rack laeeotK
for" book let. "Ooneernln* I nana ami
itmenta."
Swartzell, Rheem
& Hensey Co.,
1ST MTU ST. X.W.
eclH-d.eAa.80 ?
Money at 5%
LOANED ON D.C. REAL ESTATU. *
Hciskcll & McLeran. AI
MM B *. . f*
#

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