Evening star. [volume], July 27, 1913, Page 13, Image 13

About Evening star. [volume] (Washington, D.C.) 1854-1972

Image provided by: Library of Congress, Washington, DC

                
MIDSUMMER TONE j
TO STOCK MARKET
V
List Is Weak, With the Tend
ency Downward on Most
of the Issues.
NEW LOW RECORD MADE
BY AMERICAN EXPRESS
Operations Are Altogether Profes- j
sional and Confined Within the ,
Narrowest of Limits.
NEW YORK. July UH.?Trading in f
stocks during today's brief market session j
was In most essentials characteristic of i
the midsummer season. The undertone i
was Irregular and at first mainly down- I
ward, the only striking exception being '
the Hill group, these stocks responding
to favorable crop advices.
Lehigh Valley and minor railers and
specialties also contributed slightly to
the constructive side, while Canadian
Pacific. T.ouisvllle and Nashville and
"Soo" were weakest of the standard rail
way shares. In the special group Amer- 1
ican Express yielded 5 points and made
another new low record
Trading by Professionals.
< ? peratlnns were altogether professional !
and of narrow proportions. General news j
was without very direct bearing upon i
market conditions. except for the heavi
ness of the London market, due. it was '
declared, to fears of another outpouring I
of new securities. The outstanding fea- i
ture of the London market was a decline i
of practically 4 points in National Rail- j
ways of Mexico first preferred.
Washington advices again dealt with the [
proposed congressional investigation of
the New York Central's refunding project |
and a general halt by the interstate
commerce commission in freight rate ad
vances.
The general bond market was quiet and
steady. United States Coupon 3s ad
vanced Vs> per cent on call, but other
issues were lrom 1 to 2 points lower on
the week. Total sales (par value)
$7vl,0U"?.
COTTON MARKETS.
NEW YORK. July 2t>.?It was the opin
ion in cotton market circles here today
that by Monday the drought in the south
west. particularly in central ana south
east Texas, would be thoroughly broken.
A low barometer prevailed throughout
the central west, promoting showery con
ditions, and tlie otticial forecast indicated
unsettled weather over moss, of lexas
and Oklahoma tomorrow. With this in
mind room traders became heavy sellers
of cotton, and after opening steady, at a
decline of 1 tc a po.nts, the market
wortted off constantly until, at the oose.
which was steady at a net decline of 7 to
14 points, about the lowest levels of
the present downward movement were
reached. The fact that most authori
ties agree that tne Texas crop has not
been damaged beyond repair gave assur
ances that the expected rains, if neavy
and general enough, woulo restore the
magniticent crop outlook in that state. A
number of private advices received dur
ing the day were generally favorable, al
though calling attent.on to the neeu oi
rain in the southwest. General improve
ment in conditions over Georgia. Ala
bama and Mississippi dur.ng the past
month was noted in the crop report of a
local trade paper, while a prominent
house here issued a crop condition figure |
of 83, against 83.3 June 2.\ A soutnern
crop expert wired that west of tne river
the crop will average better than last
year, although general rain is needed
over a large area. Some of the cotton
covered late yesterday on ftars that the
predicted rains might not materialize was
put out again today on every fresn as
surance of rains in Texas. Aside from a
little trade demand and occasional scat
tered covering, there was little support
at any time during the forenoon.
NEW ORLEANS.
NEW ORLEANS. July 211?The cotton
market was sold rather freely at times
today on ptivate reports of good rains
in Texas and on leport of many bales of
new cotton at points in that state. The
market had an easy undertone through
out the short week-end session, with tne
greatest weakness shown in the last few
minutes of t ailing. The opening was
steady at a decline of 2 to 4 points. Ca
bles were -lightly better than due, but
offerings were stimulated by the few
tains in Texas and private reports of
showers In se\trai important counties of
that state. Tie market g adual.y fell
off until it stood lo to 1?? points under
the last quotations of yesterday. The
close was steady at a net lo-s of loal5
points. A feature of the morning was a
private bu eau report on condition of 8:1
per cent of the normal, indicatin a loss
for the morning i f of a point. This
served to further increase the belief
that the government August report will
not l?e 'ar from the J ly figures, an I that
:t will not greatly favor short selling of
? ne new crop months.
Spot cotton was quiet. 1-It; off. Mid
dling, 12. Sales on the sp t, seventy
< .Kiit bales; to arrive, none. Cotton fu
tures. closing: July, 11.02, August. 11.55;
September, 112.:. October, 1117: Decent-I
' ?-r. 11.1.".; January 11.17; March. 11.2t> j
NEW YORK BANKS.
NEW YORK. July 26.?The statement of j
the actual condition of clearing house
banks and trust companies for the week
shows that they hold ?*->, 1.">7,7<m reserve
In excess of legal requirements This is
an increase of $7,vc>..v*? frm last week.
The statement folh ws Actual condi
tions:
Loans, $1,M6..H46.0(<I; decrease. .<1.1t?r74,-1
Specie, $.'V49,5Stt,000; increase. $?'? 172,<>>??.
Legal tenders, fS.".,si3,0??; Increase.
fsi5.?M0
Net deposits, $1,7sfl.730.fi?!*; decrease,
f2.17?,<?*i.
Circulation. *??"?,790. (M*; decrease. *131.
Hanks' cash reserve in vault. *3?9,2i;i.
uiO.
Trust mmpnnies' cash reserve in vault,
f 44.138.00U.
Aggregate cash reserve. JK13.????
Excess lawful reserve. J2S.157.7i"> in
< Tease, 17. ."*??
Trust compan.es' reserve. with clearing
house members carrying 25 j?-r cent casn
reserve, *14.027,000.
Summary of st.tte hanks and trust com
panies in Greater New York, not in
cluded In charing house statement.
l?ans. S547.579.iWH); decrease. $l,l?)0.9rt0.
Specie, J05,158,*00, decrease. J2?52 7u0.
l?egal tenders, f7,49Q,MJO; decrease,
700.
Total deposits, P'>22.872.300, decrease
$772,200.
Prime mercantile paper. 6 per cent; ster
ling exchange steady, with actual busi
ness in bankers' bills at 483.35 for 00-day
bills, and at 480.S5 for demand. Com
mercial bills, 4S3. Bar silver, 50V*. M< xi
can dollars. 47. Government bends ir
regular. Railroad bon is steady.
Money on call nominal; no loans.
Time loans easier; Go days. 3?^a4 per
cent, and 90 days, 4^a5; six months.
5*a6.
The Financier says today:
"Considering the season of the year, the
clearing house banks of the city of New
York are In a very strong position as
regards cash and reserve. l>esp te the
drain to which they have been suojected
by reason of gold exports, they hav?; not
only maintained a satisfactory percentage
of reserve, but according to the state
ment issued Saturday, have during the
week Increased that item by $7,8&5,50o,
making the surplus above the 25 per cent
minimum. $28,157,700. Within the next
thirty days It is safe to assume that
seasonal demands for money from the
interior will to some extent dep.ete the
cash reserves of New York city banks,
but for the present It Is interesting to
note that the movement of money is still
in this direction."
0
t
Closing Stock List.
I NEW YORK. Jmiy 26.
r?
High. Low. bid.
Amalgamated Copper 68*
American Agricultural Jjj
AraerleaB Beet Sugar.......... 29 26 2S*i
AmHrjn Ca? 33*% 32% 33
Amfrtoii Caa pfd . S3lt !t34 934
American Cur & Frwmrlrjr 4414 444
American Cotton Oil 3*4
American Ice Securities 23
A merle nn Unseed t> 9
American Locomotive XI% 31% 314
American Smeltia* A Refining.. ?3% <&4 ?i3
Aracr. S'me tfns A Refining pfd WT?
American Sugar Kefluing.. ? 110
American Tel. & Ttl 1274 1271* 1274
American Tobacco 220
Anaconda Mining Co 354 3*** 354
Atchison 96% 98%
Atchison nH
Atlantic Coast Line 119
Baltimore & Ohio W-% S?Vi t?
Beihlehcm Steel 34% 34 33%
Brooklyn Rapid Transit K8% 88% S8V4
Canadian Pacific 217% 21?4 217
Central Leather 24% 244 24%
? "h'sifit'iik* Jt (Mil" 54 ?U% 53%
Chteacu Gnat Western 13
Chicago. Mil. & St. Paul lOtt 105% 105%
<*hi<*ap) ft North Western 129% 12!)% 123%
Colorado Fuel & Iron 32 31% 314
Consolidated Gas .. ..... 132
Corn Products 10% 10% 10%
Delaware & Hudson 15*!
Denver A Rio Grande 18
I?enverA- Rio Grande pfj 2W%
Distillers' Securities 13% 13% IS1*
Krie 2?% 26% 2?4
Krle 1st pfd 41% 41% 41%
Krie 2d pfd ^34
General Kl"ctrlc 140% lV> 140
Great Northern pfd 12?!% 125% 125%
liren t Northern Ore Ctt? 30% 35 35%
' I'liuois Central 113%
InterhorouKh-Met 1">% 15% 15%
liiterhor?>ujsh-Met. pfd 5ft 5ft 5!)
I titer-Harvester 107 107 lt?!
Inter-Marine pfd 14%
International Taper 9%
International Pump 6%
Kansas City Southern 27>4
Laclede Gas !*i
l.ehisrh Vallev 131 150% 1504
Louisville & Nashville 133% 132% 132>
Minu.. St. P ft Sault Ste. M... 12?4 126% 126%
Missouri. Kansas ft Texas ,. 224 22% 22't
Miswuri Pacific 33*, 324 32%
National Biscuit 11S
National Lead 4S
Nat'l Rys. of Mexico 2(1 pfd 10%
New York Central !??%
New York, Ontario ft Western
"Norfolk ft Western 1054 103% 105%
North American 69%
Northern Pacific 110 109% 1???%
Pacific Mall 30%
Pennsylvania 113% 113% 113:fci
People's Gas 11314
Pittsburgh. C... C. & St. Louis SO
Pittsburgh Coal 1*% 1S% l*"**
Pressed Steel Car 24% 24V. 24%
Pullman Palace Car 153
Reading 1?2 1?1% 1?1%
Republic Iron ft Steel 25% 24% 21%
Republic Iron ft Steel pfd 86
Rock Island t>> 17% 17% 17%
Rock Is"and Co.. pfd 294 29 29%
St. Louis ft San Kran. 2d pfd 6%
Seaboard Air Lino 17%
Seaboard Air Line pfd 41
Slots-Sheffield Steel and Iron 26
Southern Pacific 93*4 92% 934
Southern Railway 23% 23% 23%
Southern Railway pfd 78 7S 78
Tennessee Copper 30*4 29% 30
Texas ft Pacific 15%
Cnlon Pacifc 149% 14*% 149%
I'nion Pacific pfd S4
I'nited States Ken'ty 59%
United States Rubber Bo
I'nited States Steel 58% 5S% 5S%
I'nited States Steel pfd 107% 107% 107
ttah Copper 47% 47% 47%
Virginia-Carolina Chemical.... 26% 26% 26
Wabash 2%
Wabash pfd 6%
Western Maryland 40
Western I'Dion 044 64% 644
Westinchouse Klectric 62% 62% 624
Wheeling ft Lake Erie 5
Total sales for the day. 92,500 shares.
New York Bonds.
NEW YORK. July 28.
C. S. ref. 2s, registered 95%
I". S. ref. 2s. coupon 95%
I". S. 3s, registered 102
I'. S. 3s. coupon 102
I". S. 4s. registered 110
C. S. 4s. WMpM 110
Panama 3s. coupon 90%
Allis-Chalmers 1st 5s ctffc *40
American Agricu'tural 5s ...... *t?7
American Tel. ft Tel. ct. 4e *100
American Tobaepo *115
Armour ft Co. 44# ?? ? ? ? ? ^'^s
Atchison gen. 4s 95
Atchison ev. 4s <1'J60> .....????? 9K
Atchison cv. 5s 994
Atlantic Coast Line 1st 4s ,.... 89 j
Baltimore ft Ohio 4s 90
Ba'timore ft Oh'o 3*fcs *>>9
Brooklyn Transit cv. 4s S7%
Central of Georgia 5s '102% j
Central Leather 5s 93
Chesapeake ft Ohio 4%s 94
? "hesapeake ft Ohio ct. 44? SO
Chicago ft Alton 34s *51%
Chicago. B. ft Q'liacy joint 4? 94%
Chicago. B. ft ljuincy grii. 4s 92%
Chicago. Mil. ft St. P. cv 4%s 102
Chicago, R. I. ft Pac. R. R. col. 4)......... 58%
Chicago. R. I. ft Pac. Ry. rfg. 4s *.... 7*%
Colorado ft Southern ref. ft ext. 44*?....... 92
TVlaware ft Hodson cv. 4s *0'>
ftenver ft Rio Grande ref. 5s . 704
Distillers-5? 38 j
Brie prior iien 4s 86
Erie gen. 4s 7<>4
Erie cv. 4s. series "B" T0%
Illinois Centra! 1st ref. 4s t8*%
Interboroogh-Met. 44* *.... 76
Inter-Merchant Marine 4%s *5S%
Japan 4%s - *H7%
Kansas City Southern ref. 5s f97
Lake Shore deb. 4s. (1931) 9<?%
Louisville ft Nash. I'n. 4s 92%
Missouri. Kan. ft Texas 1st 4s 904
Mo.. Kan. ft Texas gen. 4%s #0%
Missouri Pacific 4s 08%
Missouri Pacific cv. 5s 7 >%
National Rys. of Mexico 4%s. t60
New York Central een. 3%s 81%
New York Centra' deb. 4s *89
N. Y.. N II. ft H*rtf<*d cv. 3%s t76
Norfolk ft Western 1st <*on. 4s ?3
Norfolk ft Western cv. 4s *104
Northern Pacific 4a 93%
[Northern Pacific 3s 64%
Oregoa Short Line rfdg. 4s.. *S6%
Penn. cv. 24* 119151 96%
Penn. con. 4s M%
Reading gen. 4s : 4%
St. I?uls ft San Kran. fg. 4s 69'^
St. L011 is ft San Fran. gen. 5s ? . &>4
St. liouis Southwestern con. 4s 77%
Seaboard Air I.ine adj. 5s ?.... 714
Southern Pacific col. 4s 8S4
S uthern Pacific cv. 4s Mi'S,
Southern Pacific R. R. 1st ref. 4s #9%
Southern Railway 5s 1024
Southern Railway gen. 4s 73%
I'nion Pacific 4s 95^
t'nfon Pac'fic cv. 4s 91%
I'nion Pacific 1st and ref. 4s 914
I'. S. Rubber 6s . 1<>0V,
C. s. Steel 2d 5s 9i?4
virgin'a-Csrollna <"h mlcal 5s 91
Walmsh 1st an'! evt. Is 50
Western Maryland 4s *774
Westlnghonse Electric ev. 5s ks%
Wiscrtnsln Central 4s N5%
?Bid. t Offered.
Boston Closing: Mining.
BOSTON. July 2C
AUotU'Z 32
[ Amalgamated Copper r.9%
! American Zinc. Lead ft Sm 19%
j Arizona Commercial .. 24
j B..s, ft C?>rb. Cop. ft <*11. Mg 75
1 Ca'umet ft Arizona 6i%
Calumet ft lice:* 410
Centennial 114
Copper Ran/e Con. Co HX
East Butte Cop. Mine 12%
Pranklln 5
Grauby Consolidated 60%
Greene-Cananea 64
is>le K'<vaie 1 < '? [.j.er? .......... 19'4
K'-rr i.ake 3 7-1H
Lake Copoer 64
I.a Salle Copper 4
Miami Copper 2.1
" ' - 43%
Mohawk.
Nevada Consolidated
, Mpissing Mines
! North Ilntte '? .
North i.ake ftp - '*
I Old Ifcuninion 4 ........ >
Osceola . "Wk
?Julncy ..... ?
1 ?
Smier'or '
I ?? i[>"r or ft B"?!on M'.n ?. .
. Tamarack.........
I . S. >iu . Ref an I M n
I . S -in . Ref. and M*a. pf'1. . . / - ?
I tah i"?>n.i>:id?te<l. ..
1 rah Copper Co
\V;ic-tia ? ? - ' 'ft
? 41
s
i
CATTLE MARKETS.
HEW YORK.
.NEW YORK, July 2H?He
reip'tn. .'tHh head; umh^Jtif-4: dreaw-d
beef, 12al3%. Calve?, 13; stead/; city
dressed 14al8; country /1re?i?ed, 13*10%
?he?-p and lamtia?Receipts, 2,M* head;
steady; sheep, 3.00?4.SO; larnba, T, 37%a
7 .Vi; culls, 4.50a.V00.
Hogs?Steady; receipt*, 1,081 head
CHICAGO.
CHICAGO. July W. ?Clone: Ho*??8.0TX)
head; bu'.k of sales, &8&ft&30; best strong;
others steady to a shade lower; 11*ht,
4.*>a*.*5o; mixed, K.75aM.4iJ; heavy, 8.r<Oa
roughs. 8.!?a8.70; pigs, 7 o0al>.20.
Cattle?Receipts, 200 head; steady;
beeves, 7.20a9.20; Texas stenrs 6.1*Ja8.<10;
stockers and feeders, 5.50a7.7?; cows and
heifers, 3ti.%a8.25; calves, 8.25all.00.
Sheep?Receipts, 0,000 head; slow,
steady; nat,v? sheep, 4.35a."i..V); yearlings.
3.75a7.O0; native lambs, 0.85a8.25.
TREASURY STATEMENT.
The condition of the United States
treasury at the beginning of business
VfoiturHn v ?.*???
Net balance In general fund $128,623.
?S4y; total receipts Friday, $2,400,681; total
payments Friday, $2,939,820.
The deficit tble year is $15,630,475,
against a deficit of ?5.3&1.4M7 last year,
exclusive of Panama canal and public
debt transaction*.
"JOB LOT" HOUSES
DOING BUYING
Trading During Recent Move
ment Confined Largely to
the "Little Fellows."
BETTER FOREIGN TONE
AN IMPORTANT FACTOR
Sad Confusion Over Trade Condi'
tions?Profit-Taking a Notable
Feature of the Week.
BY W. Q. NICHOLAS.
Special Correspondence of The Star.
NEW YORK, July 26, 1913.
Friendly brokers and financial scouts
have been exchanging notes of late on
the volume of investment buying of
| stocks and bonds since the recovery be
i gan a few weeks ago. There has been
la general canvass throughout the Wall
street district and the result represents
not less than 2T? per cent of the total
number of stock exchange houses and
banking institutions that specialize in
that class of merchandise?a number
large enough to give a line on
| what has been going on. Prom
i the figures already obtained, it is safe
j to estimate that the investment absorp
tion of securities has already run up into
: the hundreds of thousands of shares of
stocks and probably an equivalent
i amount of bonds. Buying of bonds on a
liberal scale, however, is of recent origin,
although the demand in that division of
the market is assuming satisfactory pro
portions. It is the "little fellows" who
have shown the most nerve and the
quickest appreciation of returning busi
ness courage and sanity.
The so-called "job lot" houses have
' been doing the bulk of the investment for
. the public. In two or three concerns that
| have specialized in "job lot'' trading the
individual buyers number far up into
I the hundreds, the accounts runnng from
! one to fifty shares each, the average
' being about fifteen shares. The bulk of
' this chiss of buying is evidently for the
account of people of small and moderate
means. The transfer books of railroad
and industrial companies with seasoned
records for earning and paying dividends
are the favorites, industrials standing
about as well as the rails.
On the new investment lists there is a
liberal percentage of women and trustees.
Savings banks and insurance companies
are also feeling about. "On paper" they
suffered heavy losses by the decline, but
as market prices recover their position
becomes stronger and their state of mind
more comfortable. And then there is
\ the Investment-speculator class. the
; largest and strongest contingent in the
I market.
The rule is that when they get stuck
with big losses they sweeten their ac
count with fat fresh margins to the ex
tent of 2?> to 30 per cent, and then go
about their business, they having de
termined as a finality that the invest
ments are intrinsically sound and that
it is sense as weU as patriotism to stick
tight. This they do, en masse.
Where Public Starts to Buy.
When this determination is reached by
a large aggregate of people it almost in
variably marks the end of a long decline
in prices. Foundation building generally
goes on for weeks and months, as in the
present case, and professional traders are
the last to grasp the fact that "the pub
lic got in first." Not until brokers nav*
to "bid for stocks" through a series of
days without meeting with offerings at
current quotations does the great truth
convincingly dawn upon them that the
market nas been drained dry afid is
hardening?that the turn has co.ue, the
sun stfining through rifts in the clouds.
The changed tenor of linanclal and
diplomatic advices from abroad was an
Important factor in the American stock
markets, especially New York. The for
eign outlook is more favorable and the
controlling sentiment is one of confi
dence in quarters where timidity was
most manifest down to a late date. Calm
ness has returned, to' Ix>ndon, and to a
somewhat less degree to Paris. Germany
expects to be a moderate borrower for
a good while ahead. The war outlook
is less formidable, not because of dimin
ished belligerency, but largely because
of the wholesale annihilation of fighting
men.
There has come a simultaneous ex
haustion of money and warriors. To
raise capital to meet long-continued de
mands incident to wars and politics, it
was found necessary to unload upon the
American market great quantities of our
securities, larger in volume than was
j generally estimated. The tide of money
turned backward once more and Europe,
Instead of being an oppressive burden. Is
again buying our securities, and at the
l same time stopped further pulling down
our supplies of gold. It took
to satisfy the foreign lust for American
treasure.
The international money situation is
more nearly on an even keel than at
any time within a year. Indications
point to the early return of some of tbat
gold and the rctransfer of capital and
i credit to this side of the Atlantic. In
| vestors in Great l.ritain and on the con
j tirient are hungry once more for our
> securities, a factor of first importance
in supplying backbone and foundation
to the home situation. The literature
being sent out from the financial quar
ter to customers and the press is con
servatively bullish In tone, but saturated
with advice to be cautious and patient.
Hard Times vs. Trade Returns.
'f here Is sad confusion over manufac
' luring and commerlcal conditions. Evl
n> Id abundant (of a certain kind)
the volume of general business Is
?i??? fthflfjftiiitf and that working men and
*. aru being discharged in vast
h Hard times are represented
??/ ?/? overwhelmingly upon us. On the
-h ?-? hand, latest reports show immense
I'jiitinxt- i,?-iuh carried by the railroads
hr'-uklng gross returns. The
ii?n of traffic seems to extend from
?? ? an to ocean and from the gulf to
1 <>i>ada. ?
'I he lntei national movement of com
tr.t-rcr. In the greatest in history, and
? he balance in our favor was in excess
?>t *> ono for the year. To such
an extent has the demand for labor de
veloped that over 7<K>,000 foreigners have
i-i'ihwed on the Immigrant ships, and the
clamor l? for more. Yet in some com
munities there Is heard the cry of men
hy the 'ens of thousands alleged to be
"out of Jobs."
'i hm crops give promise of a full aver
age yield. How Is the unbiased inquirer,
?striving to acquaint himself with vital
t* necessary to the formation of
*ane judgment, going to arrive at a con
clusion These are the statements that
are thrown upon the minds of the mil
lions of men who compose the business
population, and quick decision la asked.
The tape na>s an answer cannot be given
out of hand.
| Profit-taking on the 3 to 10 point re
covery has been a notable feature of
the week. On attempt to encourngc
further bullish action, however, real
stock is again being encountered, and
bankers give voice to the opinion that
the up movement should be gent y
checked. Experienced traders pay heed
to that kind of caution, especially when
existing conditions give excuse for the
attitude. While, as a general thing,
bankers were glad to encourage the im
provement, their larger inte ests now
seem to demand the exercise of cau
tion. The advance that took place pro
duced a very gratifying change of sen
timent. but that does not mean a sen
sational bull movement, "right off the
bat."
As an awakener the current upward
action served a useful purpose. That pur
pose having been accomplished, ruling
sentiment now favors a halt and rest,
s according to the most seasoned and in
fluential judgment. Tho current Wall
street opinion is, not that prices will not
work very much higher, but that a
healthy reaction is in order before a
real bull campaign can be counted on.
The conservative thought is that a set
back is due, that it will be followed by
a rally on the crops, but that the real
boom cannot have Its "get away" be
fore next winter.
Street Oblivion? to New*.
The lively outburst of Washington
"news" about the proposed International
treaty for the regulation of Central
American politics has not as yet pro
duced serious excitement In Wall street,
though it might easily cause an earth
quake commotion, if efforts for "rush ac
tion" are persisted in. It is surmised
by veteran diplomats of American train
ing that the real motive of the interest
of the foreign powers is to run in a pro
vision virtually nullifying the spirit of
the provision of the Monroe doctrine, in
which the right is reserved to prevent
outside interference with the affairs of
the nations of the western hemisphere.
The Issue has been up repeatedly and
always tailed. The late R. R Hitt, when
chairman of the House committee on for
eign affairs, once said to the writer that
in his opinion the Monroe doctrine as
it stood was "the most powerful weapon
of defense that w?ui e\*er devised, and
fchat any change w'Jstever would destroy
Its value." He ?ooked upon any alter
ation of its language as akin to treason.
It might be difficult to again arouse
Washington to that view.
Newspaper reports and private ad
vices from Washington are so diverse
and contradictory that they are in
utter discredit for the most part. Many
stories are given big newspaper space
and flaring head lines that are obvious
ly fakes, but in these days of heat op
pression and scarcity of actual hap
penings anything and everything goes
that has a glimmering of plausibility.
A Washington correspondent without
a vivid imagination and dime novel gift
I of presentation has no standing. No
suggestion is too grotesque for an ex
i cuse for a "story." Thus It occurs that
Washington has become the seething
head center of conspiracies. The White
House, State Department and inter
state commerce commission are es
pecially valuable as sources of ex
clusive "scoops." Each individual in
ventor of the average Washington
"story" knows he has it exclusively
because nobody else could have thought
of it.
For the moment the old reliables at
the National Capital are in the back
ground. They are mere recorders of
actual news developments, and for that
reason are rated by the dog-fight his
torians as relics of the remote and
useless past.
Wall street goes to sleep over the
latest average output. As the records
of actual events are received through
the recognized channels they are read
with live interest, for Washington is
really "performing" in a quietly poten
tial way. It is voted a hardship, how
ever, to sift the wheat from the cha-ff.
CHICAGO GRAIN.
CHICAGO, July 26.?Buying that start
ed with one of the largest houses in
the trade lifted wheat today after a
show of weakness at the outset. Black
rust reports from Minneapolis tended to
aid the bulls. The market closed steady
at a net advance of VsaVi to kavB. Corn
tinished with a gain of H4 to l^al'/i,
^ats up % to lVs and provisions ranging
irom 2Vss off to an upturn of 12%.
Bearisliness in wheat early resulted
from weak cables and from reassuring
domestic advices concerning the outlook
for the spring crop. Purchasing, how
ever, soon became general, helped by
statements that every bushel of wheat
which can be bought in any quarter of
the country tinds ready sale for eastern
shipment at about over the Septem
ber option. Export sales at St. Louis
and New York counted also against the
Pears. Black rust talk seemed to make
no impression in the wheat pit until the
fast hour. The fact that Minneapolis
quotations appeared to be influenced by
iresh developments regarding danger
from the fungus was to a considerable
extent what held Chicago prices Anally
at the top level reached.
Export clearances of wheat and flour
equaled 371,000 bushels. Primary re
ceipts of wheat were l,816,00u bushels;
a year ago, 1,564,000 bushels.
Failure of expected rains in the south
west brought about active buying of
i-orn. High temperatures in Kansas
>erved also to increase the desire for a
material advance in prices. There were
extremely bad crop reports from Indi
ana, Illinois and Nebraska. Continued
infavorable thrashing returns made oats
readily move up-grade with corn.
Provisions hardened on account of the
bulge in coarse grain. One ot yester
day's heaviest sellers reinstated his
holdings.
NEW YORK PRODUCE.
NEW YORK, July 26.?Flour?Quiet.
Rye flour?Steady
Cornmeal?Firm
Rye?Quiet.
Barley?Quiet.
Wheat?Spot easy; No. 2 red, 04a!M',4
c. i. f. New York export basis; July ship
ment and 03*4 f- o. b. afloat to arrive;
No. 1 nominal Duluth, Oh1,a f. o. b. afloat.
Futures lower early, owing to easier
markets abroad and favorable reports
from the spring wheat states, but ral
lied on covering, closing net unchanged.
Exporters took fifty loads. July, US;
September 04%; December, 07%.
Corn?Spot lirm; export, 71 nominal f.
o. b. afloat.
Oats?Spot quiet.
Hay?Steady.
Hops?Firm.
Hides-Steady.
Leather?Firm.
Pork?Firm.
Beef?Steady.
C ut meats?"Steady.
I^ard?Firm; middle west, 11.7 Gall. 85;
refined steady; compound lirm.
Tallow?Firm.
Cottonseed oil?Steady; prime summer
yellow, 0.50al0.00; July, 9.50; September,
'J.4N; December, ?.<*?.
Petroleum?Steady.
Wool?Steady.
Turpentine?<Stcad>.
Rosin?Quiet.
Rice?Quiet.
Molasses?Quiet
Raw sugar?Firm; muscovado, .'!.07,
centrifugal, ;t.57; molasses, 2.82; refined
steady.
Potatoes? Easy; I^ong Island, bbl., 75a
2.25; Jersey, 1.75a 1.87; southern, new,
t.7".a2.W
Cabbages?Steady; Long Island, bbl.. 75
a 1.25.
Freights and peanuts?Unchanged.
DRY GOODS MARKET.
NEW YORK, July, 26.?Dry goods mar
kets are steady. Men's wear lines will
be opened Monday for spring, 1014, in a
arge way. Yarn markets are a little
more active.
BRITISH RAILWAY LUXURY.
New Trains on Northwestern Road
Sumptuously Equipped.
Foreign CorresiH.ndftiec of The Star.
LONDON, July 15, 1013.
New corridor trains have Just been con
structed by the London and Northwest
ern Railway Company for service be
tween Euston station and stations on the
Caledonian railway in Scotland.
The entire carriage (fifty-seven feet
long) Is lit by electricity, the steam
heating is controllable by the passengers
themselves, and the old practice of pas
sengers having, to stoop while standing
to look out of the window is obviated by
line of additional window panes on a
level with the eyes.
Moreover, passengers who do not de
sire to go to the dining cars may now
have their meals brouught to them in
their compartments.
The seats and backs, with arm and
head rests, in the flrst-clasa compartments
are of the most sumptuous description,
rugs adorn the floors and electric bell 1
pushes are fixed In all compartments.
The internal finishing of the third-class
compartments is polished teak, and the
crimson seats are provided with loose
cushions. A new feature Is that all the
seats are pivoted at the back and made
to turn up.
Emperor Bequeathed $250,000.
PLAUEN, Germany, July 26.?Em
peror William has been notified that he
will benefit to the extent of 9250,000
by the will of Hermann Knorr, who re
cently died here and bequeathed his
entire estate to his majesty.
U. S. STOCK ISSUES
Demand From Abroad Helps
Sustain Price Level in New
York Market.
CAPITAL IS STILL SHY;
NEW ADVENTURES DRAG
Steel and Iron Mills Continue Busy,
But Only Small Orders Are
Placed.
NEW YORK, July 26.?The action of
the week's stock market indicated the
maintenance of increased confidence.
This was partly due to the further
necessities of bearish traders, who per
sisted In putting: out fresh lines on
advances, only to be obliged to buy
a pain as the rise proceeded. Buying
for foreign account was a feature of
the week's events, and this had a sen
timental effect in strengthening the
market.
The declining tendency of discount
rates abroad, however, was arrested.
The great central banks, especially the
Bank of France and the Imperial Bank
of Germany, continued their policy of
upbuilding and conserving gold hold
ings, as though in expectation of fur
ther strain. Nevertheless, there was
appreciable relaxation of the New York
money market, banks showing more
willingness to put out time loans for
the shorter periods, up to ninety days.
In consonance with this there was im
provement in the bond market and
some notable price recoveries In low
grade bonds.
Capital Is Still Shy.
On the other hand, there were re
minders that difficulties in the enlist
ment of capital still remain. The an
nouncement of a proposed large issue
of New Haven convertible bonds re
sulted in an abrupt fall in price of
the outstanding ?s to the lowest price
ever recorded. The stock also receded
to about its previous low level. United
States government bonds broke into
new low ground. The special
trouble which beset the New Haven
and the question of treatment of out
standing government bonds in the new
currencv law had some part in these
movements, but they were significant
also of the general investment situa
tion. The analogy of foreign govern
ment bond prices does not encourage a
hope of prices at par for United States
bonds divested of the circulation
privilege, even with the Interest rate
increased from 2 to 3 per cent.
The question of increase of wages to
eastern lailroad trainmen possesses an
interest to security holders beyond the
immediate solution of the arbitration
problem. That an award wi l carry some
increases is generally expected.
Hope for Higher Bates.
There is a belief, also, that such an out
come might help the contention of the
railroads for higher freight rates. Higher
chaiges. it is believed, would not lessen
the volume of traffic. Much of the re
turn would find itself back into in
creased outlay, both for wages and up
keep. It is argued, also, that the im
provement of the railroads' credit woul
help the sale of bonds and the pushing
of new enterprises, with an impulse to
a wide variety of industries.
Possibility of ultimate good to corpo
rations having interests in Mexico was
inferred from the new policy outlined
by the gove. nment. Impairment of the
corn crop was recognized from the hot
wave, but not enough to destroy hopes of
a profitable harvest. The growth of the
idle freight car supplies at this time in
contrast with last year's decreasing ten
dency marks the divergent course of
trade activity this year from last.
Buying of Steel Bars.
The most encouraging features of the
steel trade this week were the larger
buying of steel bars by the agrlcu tural
implement manufacturers, heavy speci
fications for steel pipe and some improve
ment in railroad equipment orders. Soft
steel bar orders, in the last ten days,
were close to 11J0.000 tons. It is undei
*tood that buying was stimulated by
protecting prices against decline.
The rail m.lls se< ured oruers for S.000
tons from the Memphis, Dallas ami (Julf,
6,000 from the Tampa and Northwestern,
3000 tons from Cuba, and 1,000 tons
from Lisbon, Spain. The Southern rail
way orders for 28,000 tons, previously
noted, have been practically consum
mated. The Baltimore arid Ohio ordered
3,000 tons for bridge work.
The Carnegie Steel Company establish
ed a price of *4 cents per bundle on
steel cotton ties for the season. It is es
timated that 2,800.000 bundles will be
needed for the cotton crop about to be
gathered and baled. The American Steel
and Wire Company met competition on
orders for plain wire and wire nails at
51 per ton under its previous asking
prices, but made no announcement of a
rhange in the base prices, as other lines
were not affected.
Fabi-icators in Competition.
Hie settlement of the building trades
strike at Chicago is expected to bring
out more orders for fabricated steel in
that territory.
In other sections there was a mod
erate volume of business developed by
the keen competition among fabrica
tors, most of the contracts being for
small tonnages. Among the more im
portant orders were 4.600 tons for tl?e
jttitz-Carlton Hotel at Philadelphia and
I 475 tons for export to Cuba. Another
contract for a Panama-Pacific exposi
tion building. COO tons, wag placed In
San Francisco.
The largest steel companies are again
operating 05 to 100 par cent of capac
ity. but the output for the current
month will be considerably below the
June average. The same is true of
orders and specifications. Steel is In
more ample supply in the open market,
but thus far prices are well sustained.
A better sentiment was reported in
the pig iron trade, but business was
spasmodic, and prices were irregular.
In the Buffalo territory prices dropped
close to 13.00 on some round tonnages,
although open quotations were not
under 13.50 at furnace. In the last ten
days Buffalo furnaces have booked
orders for about 50,000 tons.
CIGABETTES CAUSE OF DEATH.
Partially Paralyzed Woman Who
Smoked Them While in Bed.
Foreign Correspondence of The Star.
LONDON, July 15, 1913.
On the witness stand at the coroner's
inquest into the death of Juanita
Camp, twenty-nine, wife of a Jeweler's
clerk, living in Little Chathamplace,
Walworth, who was burned to death
in her bed, her hus"band testified that
for the past six years his wife had
been addicted to the habit of drinking
methylated spirits, which caused ?er
limbs to become rigid as though
paralyzed.
I He also said that his wife smoked
cigarettes in bed and read by candle
light. It is presumed that a BPa^.*
from her cigarette ignited the bed
clothing, and because of her Jna)?luty
to escape she was burned to deatn.
Charles S. Hunter, one of the Virginia
state bank examiners, was elected cashier
[ of the National Valley Bank, at Staunton.
| Va., Wednesday, to succeed Henry WaiK
er, who died a week ago.
FINANCIAL. | FINANCIAL.
FINANCIAL.
OFFICERS:
B. F. SAUL, President.
JAMES F. SHEA, Vice President.
ALEX. S. CLARKE, Secretary.
HOWARD MORAN, Treasurer.
EDWARD E. SWAN, Asst. Treas.
F. G. ADDISON,. Jr., Asst. Treas.
DIRECTORS:
WILLIAM H. BURCH,
ALEX. S. CLARKE,
ANTHONY QAEQLER,
JOHN B. GEIER,
J. P. HERRMANN,
R. H. JOHNSON,
WM. MILLER,
HOWARD MORAN,
JOHN H. RUPPERT,
B. F. 8AUL,
W. E. SHANNON,
JAMES F. SHEA,
JOHN SHUGHRUE.
*
;
Under Supervision of the U. S. Treasury
HOME SAVINGS BANK
7th St. nd .Mass. Ave. R.W.
BRANCHES:
sth and N Sis. N.L 43S 7th SL S.W.
3rj1 Compound Interest paid on Sav
/O ings Accounts, computed semi
annually. Accounts opened with One
Dollar or over.
2Qf1 Compound Interest paid on In
/O active Checking Accounts, such
as personal accounts of individuals or
accounts of trustees, executors, etc.
Commercial Accounts invited, and every accom
modation offered such depositors consistent with
conservative banking.
Drafts issued on all foreign countries, also
"A. B. A." and American Express Co. Travelers'
Checks, payable in any part of the world.
Loans made on first trust real estate, collaterals
or other good security. Monthly payment real
estate loans arranged.
?
Gas and Electric Light bills can be paid at any of
our banks without extra cost. Receipts given.
Safe Deposit Boxes for rent, $3.00 a year.
Banking Hours:
All departments are open every week day. except Satur
day and L?&al Holidays, from 8:30 A.M. to 3 P.M.; Satur
day, 9 A.M. to 12 M.. and for deposits from 0 to 9 P M., and
on the 1st, 2d, 3d. 10th, 15th, 10th and last day of each
month until 5 P.M.
I
?
>.1
WEEK'S RANGE OF PRICES
Corrected to the Close of Business July 26 at the
New York Stock Exchange.
Railway and Miscellaneous Shares.
.The following table shows the weeks highest, lowest and clo si ngpH ces, i ndJ -
vidual sales and net changes of securities sold on the New *ork Stock E
last week. High and low prices are also given for the year 1J12 and ttie >
1913 to date.
, 1812 v , 1913 k
UiKh. Low. Hljrb. low.
92% 60 80%
77 46% 50%
47% 11% 46%
126% 90% 129%
63% 49% 56%
60% 45% 57%
30% 18 27%
17% 9% 11%
47% 31% 44%
91 66% 74%
119% lo2% 107
133% 113% 118
149% 137% 140
61% Amal. Copper 124,100
19% Am. Beet Sugar 5,500
21 Am. Can 95.100
80% Am. Can pfd 9.760
36% Am. Car & Fdry 3,400
33% Am. Cotton Oil 6.O50
17 Am. Ice Securities 4,500
6% Am. Linseed 1,300
27 Am. Locomotive 2.9O0
58%' Am. Smelting '11,200
97 Am. Smelting pfd 1.000 100%
Week ending July 28
Sales. High. l?w. N?tc?
7U% 67% 69%+ 4%
26% 23
34 30%
93% 92
44% 43%
38% 36%
23% 21%
9% 8%
32 3o
64% 61%
{<9
re + 3%
33%+ 2%
93%+ 1%
44%+ 1%
38%+ 1%
23%+ 1%
9 -r %
31%+ 2%
63%+ 1%
luO%+ %
104% Am. Sugar 2,400 111% 110% 110%+ 1%
125% Am. Tel. & Tel 4.2H0 128% 1-6% 121 %?
51%
80
94%
72%
95%
283
33%
85%
20%
117%
50%
43%
27%
56%
76%
49%
84
41%
72%
92%
56%
86
226% 266%
16% 30%
68% 80
15% 17%
99% 116%
25 47%
23% 41%
25 Bethlehem Steel 12.1O0 34%
62% Bethlehem Steel pfd 1,600 72%
83% Brooklyn Rapid Transit-. 15,8<K) 88%
16% California Petroleum 9,700 20
45 Cal, Petroleum pfd 1.000 52
208% Canadian Pacific 45*.*00 220
17 Central Leather 9,400 24%
51% Chesapeake & Ohio 16.300 54%
10% Chi. Great Western 1.600 14%
98% Chi., Mil. & St. P 15.300 106
30% Chino Con. Copper 17,200 37%
24% Col. Fuel & Iron 5.100 32%
149% 135% 142% 125% Consolidated Gas 4.7O0 132% 131
22% 10
39% 30
57% 47%
188% 155
81 60%
143% 126
53 36
62% 47
17% 7% Corn Products 2.900
32% 20% Erie 25.4<?>
49% 33% Erie 1st pfd 4.600
187 129% Gen. Electric ..
68 25% Goodrich, B F..
31 34+1%
09 ? 72%+ 4
87% 88%+ %
16% 1S>%+ %
45 40%? 1%
216% 217 + %
22% 24%+ 1%
53%? 1%
14%+ %l
106 + 2%
37%+ 2% I
32 + 2%
132 + 1%I
10%? %!
26%+ %j
4i%+ i%:
52%
13%
104
35%
29%
132% 115% Great Northern pfd.
10% 9%
27% 25%
42% 39%
2.200 140% 139% 140%+ fa
1,600 31% 29% 31%+ 2%
9.700 126% 123% 125%+ 1%
4J% 25% Great Northern Ore subs.. 12.9O0 36% 32% 35%+ 3
52% 40% Guggenheim Exploration.. 1.925 44% 42% 44%+ 2
141% 120% 128% 108% Illinois Central
1.300 114% 113% 113%
17% 16% 19% 14% Inspiration Copper 5,400 15% 14%
22 16% 19% 12% Inter. Metro 7,200 16% 15%
67% 52% 65% 45 Inter. Metro, pfd 14.500 59% 58
19% 9% 12% 7% Internat. Paper 1,300 9% 9
31% 22% 27% 21% Kan. City South 3.400 27% 26%
185% 155% 168% 141% Lehigh Valley 34,8<?0 151 147% 15<?%-r 3%
118 105% 116% 106% Liggett-Myer.s Tob. pfd... 1,30<> 108% 10 :% 1o8V?+ %
15%+
15% 4
59 +
9%?
27
%
%!
%
151 138
90% 62%
30% 23%
27% 18%
154% 129
">%
142% 126% Louisville Ac Nash.
31%
47% 35
161 114
36% 26%
24% 18%
121% 106% 109%
142% 126 129%
119% 107% 113%
78%
26%
23%
142%
29%
43%
128% 104
27% 9
20
ui> Mexican Petroleum 4,500
20% Miami Con. Copper 5,410
12 Minneapolis & St. L 1,200
115% M.. St. P. & S. S. M 2.225
18% Mo.. Kan. & Tex 8,500
25% Missouri Pacific 18,300
2.650 134% 132% 133%+ 1
59% 55% 59%4- 2%;
23% 21% 2.".%-t- IV
16% 15 16 + %
127% 124% 126%+ lls
8
3."%
21
30%
National Biscuit 2,850 118% 114
0%
15%
97%
99%
Nat. Rwy. of Mex. 2d pfd. l.ooo n
13 Nevada Con. Copper 5.200 16U
95% N. Y. Central lo,200 99 "
99% N. Y.. N. H. & H 30.100 104
98 Norfolk & Western 4,650 105% 104%
131% 115% 122% 101% Northern Pacific 12.900 110
126% 119% 123% 100% Penna. R. It 13.250 114
122% 103 116% 104 People's Gas & Coke 2,300 116%
16% 24% 14% Pittsburgh Coal 2,900 18%
77 95 73 Pittsburgh Coal pfd 2,300
2S% 36 18% Pressed Steel Car 1.600
27% 35 22% Railway St?-e] Spring l,90o
16 22 15 Ray Con. Copper 10,63n
22% 4- 1%
32%-r 1%
118%-*- 4%
11 ? %
2714
100%
40%
40%
24%
170% 148% 168% 151% Reading
83%
24%
26%
18%
98% + 1 %
102%? 1%
1<?5%+ 'n
107% 109%4- 2%
112% 113%+ 4
112% 11-*.%+ 2-4 ?
1H%+ 1 % j
82'*- l??i
24^
26Vi-r 2
11%
V
82
23%
24%
17:V
35%
93%
80%
59%
56%
15%
64%
42%
44%
28%
89%
24%
44%
48%
184.800 162% 159% 101%+ 2
17 Republic Iron & Steel 16.6<to ^31
115% 103% 110
iz Rep. Iron Steel pfd 3.3O0
12% Roolc Island 9.400
20% Rock Island pfd 14,loo
38 Seaboard Air Line 1,400
89% Southern Pacific 32.60O
32 26% 2S% 19% Southern Rwy 12,9n<?
49% 30 36 21% Studebaker 1.300
47% 34% 39% 26% Tennessee Copper 11.300
"6% 20% 22% 10% Texas & Pacific 1.000
49% 33% 40% 27% Third Ave. R. R 18.900
16% 10% 13 7% Toledo, St. L & West 1.300
36 28 29% 15% Toledo. St. L. & W. pfd... 2.400
176% 150% 162% 137% Union Pacific
30% 28 35% 16 United Rwy. Invest
69% 57 63% 30 United Rwy. Inv. pfd...
80
17%
30
41%
93%
23%
23%
3o%
16
37%
11%
24
20%
85
10%
26%
40%
92%
21%
21%
28%
14%
33
19
24% 4- 4%
80%+ 7;h
1 T'Sj-t- 1
29%+ 3V.
41 ?
93%+ 1
45% 69%
116 105% 109%
80% 58% 69%
U. S. Rubber
.152,400 150% 147
. 1.400 23% 18
. 2.900 42
4.50O 61
53
98
49% U. S. Steel 287.800 59
U. S. Rubber 1st pfd 1.9^5 1<>4% 104
23%+ ]%!
22%? 1%!
SO + 1%
16 + 2
36%+ 4
11%+ 2%
24 + 4%
14f)%-f 2% I
2.3%-f- 5% 1
42 4- 9% I
61 + |%
104 + % j
55% 58%+ 3%
33
50
117 107% 110% 102% U. S. Steel pfd 5.300 107% 106U IO71TI 1?
67% 52% 60% 39% Utah Copper 25.300 47% 44 47?X
57% 50% 43% 22 Va. Car. Chem 1,300 26% 25 ->6%? 1*
9% 3% 4
89% 60% 79%
117% 92% 112
Wahash 1.200 2% ?>%
53% Westinghouse Mfg 9.000 63 60
81% Woolworth 2,300 91% 8H%
26%
2%
62%4- 2*;
91%+ 2%
i
novel theatrical ventuee.
plays of Moliere Being Presented in
the Slums of Paris.
Foreign Correspondence of Th? Star.
PARIS, July 15. 1913.
One of the theatrical sensations of
Paris at the present time is the Theater
Bobbins, where revivals of Moliere's
plays are being given under peculiar cir
cumstances. The theater Is situated in
the Rue de la Galte, in one of the poorest
and roughest sections of the city, and is
nothing more than a music hall of the
lowest sort. With the company which
formerly sang ribald songs from the lit
tle stage the manager is presenting the
clever comedies of Moliere.
Dramatic critics and others who have
gone slumming into this theater, declare
that the acting of these people is so
spontaneous that the comedies are more
enjoyable than when presented by high
class companies in the best of theaters.
The theater has been attracting quite a
large patronage and tourists in Paris are
flocking to It In vast numbers.
VARIETY OF VEHICLES USED.
After two weeks' trial In the Preston
county, W. Va., circuit oourt the jury
rendered a verdict of *-5,000 in favor of
the Bonafleld heirs in the suit against the
Baltimore and Ohio railroad.
Even Sedan Chair Proves Popular in
Paris During Taxi Strike.
Foreign Correspondence of The Star.
PARIS, July 20, 1913.
During the recent cab and taxi strike,
which lasted for only one day, but which
threw Paris into consternation, many
amusing incidents occurred. One man
who has used the public conveyances
for years solved the problem of trans
portation by engaging a porter with a
push cart, on which he placed an easy
chair, to trundle him to his office and
to his favorite restaurant in the even
ing, and so home again.
Wheel chairs, baggage carts and even
a Sedan chair, which had probably
been stored in some attic for years,
were pressed into service by the real
Parisians. It Is only the tourists who
use the Btreet cars and motor buses in
Paris.
The strike was caused by the ordi
nance which compelled taxi and cab
drivers to take their stations in the
middle of streets instead of at the
curbs, to wait for fares. The order
was immediately reduced to the hours
between S in the afternoon and 8 at
night and the drivers called off the
strike.
FIRST MORTGAGE
Interest-Bearing
NOTES FOR SALE
ON EASY TERMS.
These notes are issued
in denominations of $100
each, and are obtainable
on MONTHLY IN
STALLMENTS of $5.
They are amply se
cured upon conserva
tively appraised Real
Estate.
They draw interest at
the rate of 5 per cent
per annum, payable
every six months.
They are as safe as a
government bond?more
profitable than a sav
ings account.
*>TCal!, write, or phone for foil
particulars.
REAL ESTATE
TRUST COMPANY,
1414 F St. Phone M. 40S1.
iimimmmtiiimminims
Money to Loan
Secured by Flint Do?m1 of Trust on Real
Prevailing luUr^ft nn<l <-mumtMfon.
Joseph I. Weller, 620 F St. N.W.
*
National
Metropolitan
Bank,
m
*
1
| 11 gth Street, |
Opp. U. S, Treasury.
% fft
jpr Oldest National Hank in the Dls- jfc
Vi trict of Columbia. invites accounts %
of all sizes and solicits intervi. ws V
? with thosu- contemplating the es- ?
tabiishmeut of new banidng ? on- i.*
nections. $
y 7f.
a-***? X-***-* - -v- ^
The W. ?*. Heal Audit
Company
lligh-rlitiui Arromitinx find .% ml it inc.
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TANGO DANCED IN LONDON.
Charity Ball Given 011 Roof of Large
Department Store.
Foreign C?iriv!.p<in?ieni'?* Tti>* Star.
LONDON, July 11*13.
Thn principal feature of a char ty ( all to
aid the French Red Cross Society given on
the roof garden of Selfridge, the largest
department ^tore iti London, recently
was th? dancing of the larigu by Maurice
and Florence Walton and Constance Col
lier, an acmsn. a-i1 o. wliutn ha v. n ?
cently coin** from uncrica. wheiv the
tango is in full mav, according to tht.be
exponents of the idlest d nee.
The music was furnished by Marie a
band of banjo pla. e s mi l noUiin but
ragtime was played d r ng tbe evening.
Many prominent : .01 don society people
were present, '.nciud.ng the French am
bassador. the Duchess of Xorfuik and
the Karl and Countess of Chichester.
?ATHEE OF 29 DEAD.
Dined on Billiard Table When Fam
ily Eeunion Was Held.
Foreign Corres|>onil' nee of TTio Star.
LONDON, July 15. l!?L3.
At the funeral of Thomas Arthur Stack,
flity-four years of age. of Purley. Sur
rey, twelve of his twenty-one living chil
dren were present at the graveside. Mr.
Stack was the father of twenty-nine chil
dren by two marriage?. There were n.ne
children of the first marr age.
Mr. Stack's twenty-ninth child was
born in Feb:uary. At a Christmas family
reunion two years ago the only table
that could accommodate the party wa*
the billiard table.
Calls for Casket, Then Dies.
PHILADELPHIA, July 2??"Get *
casket for two," requested Albert
Leonard, a civil war veteran, whose
wife lay awaiting burial at his son's
home in Camden. He then swallowed
poison and fell dead beside the bier.
He was seventy-one years old, and waa
employed in the navy yard here.
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