davidaulloa/AmericanStories huggingface dataset:
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17
Prisoner Brings Suit.

Thomas Mahaffy, who was sent to the
worllhouse for ten days for vagrancy last
November, has begun a suit for So, coo
against the board of charities and correc-
sentence he was ordered to wheel dirt
from certain embankment and while so
doing was caught under falling dirt and
had his ankles broken.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17
DREYFUs NOT GUILTY.
Real Culprit Said to- Have Been n
Russian,

LONDON. March 16-The Evening
News today publishes a sensational Drey-
fus story. 1t declares that the former
russian ambassador. Count Won Mohren-
helm, is the real cuiprit, who sold both
russian and French secrets to the Ger
man government, adding that the Rus
sian government itself is convinced of his
quit, and that 1t is only to avoid a public
scandal greater than the Dreyfus affair
that he is unpublished
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17
Prince Henry's Promotion

BERLIN. March 16.-Prince Henry os
russia has started for Kiao Chou Rav
Wnere all the war vessels composing re
Two German squadrons in far Eastern
transfer of the Communicating from
Admiral Won Diedrichs to Prince Henri in
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17
Rock Island Election.

NEW YORK, March 16-The directors
Railroad company today elected ]. M.
Johnson third vice president. H. A. Par
ker was elected a director for the unex-
PRED term of w. H. Truesdale resigned.
The unexpired term of David Dows' de-
ceased, was filled by the election of Tracy
HANS
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17

LONDON. March 1.-THE af+or
refeTeeneee to today az contain Complimentary
night by Joseph H. Choate eit th efe a, last
states ambassador, at the BANQUET g of f' tha
ASSOCIATION of Chambers of Comma po me ne
ne ne Gnited Kingdom. which was held At
the Metropolitan hotel. iieio al
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17
HAVE LOST PATIENCE.

American and British Chinese Com
suls Enter "a Protest.
LONDON, March 1.-THE Shanghai
correspondent of the Daily Mail saws:
The fresh demands of the Chinese have
brought the negotiations for the exten-
sion OF the cosmopolitan settlement to q
deadlock, and the British and American
consuis, who met Jointly today to advo-
cate united action by the two govern
n,ehts' adopted resolutions of the most
sigorous character which will be trans
ihitted TO Washington and London"
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17
Kyle Is Confirmed.

Senator Kyle, of South Dakota, was
In Minneapolis yesterday, en- route from
Washington to Aberdeen. Senator Kyle
says that Washington officials expect an
early collapse OF the Aguinaldo move
lnent in the Philippines. In this belief the
senator shares.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17

LONDON, March 1.-THE Jananasa erov
eminent, said the Pekin correspondents
of the Times, has asked China to sanction
the appointment of a Japanese customs
province of Foo Koien, on the Min river
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17

MADRID. March 1s.-Tbe snar,.t Wv,
eedn 6 has concluded a loan of 40 7GN
gqo pesetas, with the banking house Of
urqul1o The morey was handed over
the arrears due the Spanish troops. whtnS
have served in Cuba "iiicn
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17
Chic Guhernntor1al Candidate

YOUNGSTOWN, O., March 16.-The
Telegram this afternoon printed an in
terv1eW with Lieut.. Gov. A. w. Jones,
or this city. in which he announces him.
self candidate for the next governor
ship of Ohio. Gen. Jones has been urged
for some time to declare himself
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17
BICYCLES.
20 Words or Less. 20

90 Words OF Less. 2Oc
SSCSSoc~oSo~.->~~~Nc->
UNHEARD OF SNAPS in secondhand
wheels, Mems and boys wheels from
S. up; ladies' al SIS and SIT; also have
a few '9S $45 wheels for SIS. Joy Bros,
% West Fourth ST.
MANSON prettiest wheel in town. $50
clipper chainless beauties, worth
Pierce automatic coasters and
"Johnson's Specials genuine Fauber
cranks .-.;.. .....:;;.:...:::...... 80
Other new wheels from SIS to $40
Trade in your old wheels.
100 secondhand wheels from 81 up
Endfcott Livery, 1879 East Fourth.
Telephone 1852.
FOR SALE-Outside dealers and specula-
tors, make US an offer on second-han
wheels in lots of ten. We will give you
snap that will surprise you F. NJ.
Smith & Bro. 1926 Wabasha ST.
CALL and see our line of second hand
bicycles; we have a snap for you; prices
from 81 up F. M. Smith & Bro. 321-55223-
325 WabaSha st.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17
HORSES AND CARRIAGES.

20 Words or Less, zoe.
AUCTION! AUCTION. Horses! Horsesl
Barrett & Zimmerman and Fl. A. Wins
low have constantly on hand 500 heavy
drafters, farm mares, carriage horses
and mules. Auction every Wednesday,
Private sales daily at their Midway
Horse Market, Minnesota Transfer. St.
Paul
SEVENTH FIVE HEAD of the finest
farm mares and chunks in the North
west at G. w. Wentworth e. Co.'S
Stables. South st. Paul
WANTED-To buy wagons and harness.
buggies and harness and all kinds of
tools for cash. Address ? 1Ol. Globe
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17
ITALIANS ARE TO GO.
Striking Men in Colorado Mines Are
to BE DiseiIarwed

DISUHHrXeU.
LAKE CITY. Col, March 49, = The
Italian strike leaders at the Hidden
Treasure and Ute and Ulay mines have
agreed to surrender tomorrow the men
Tor whom warrants have been issued on
account Of the disturbances yesterday.
II this it not done Sheriff Deck will ask
the government for aid to enable him to
AFFORD protection to miners who wish to
take the places of the italian strikers.
The mine superintendent have agreed
to discharge the 200 Italians who have
been employed in the mines They will
all be paid off tomorrow afternoon.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17
Exposition Agitation.

Prominent business men have signed a
call for meeting at the West hotel this
viving the annual expositions, In some
form or other.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17
State of Minnesota,

State of Minnesota.
Department of Insurance
st. Paul, March 1889
I, the undersigned Insurance Commits
sioner of the State of Minnesota, do
hereby certify that the Retail Lumber
mems Insurance Association, above
named, has complied with the laws OF
this State relating to insurance, and is
now fully empowered, through its au-
thoriZed agents, TO transact It's appropri-
ate business OF Fire Insurance n Jhls
1900. ]. A. O'SHAUGHNESSY
Insurance Commissioner.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17
NOT BOOM PINGREE.
Mayor Jones. Of Toledo, Denies Ru-
mOPs Regarding Conference

TOLEDO, O., March 16.-Mayor Jones,
who is one of the leaders in the confer
ence called by Gov. Pingree, of Michigan.
to meet In Buffalo In June, today denied
that the object Of the meeting Is to form
new political party or to boom any
one for Office. He stated that 1t was pure
ly conference to aid in the bettering Of
labor conditions
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17
NORE MOVING TALK
CHAMBER OF COMMERCE MEMBERS
STILL DEBATING THE MAT
TER OF A CHANGE
INCREASE IN ANY EVENT

If the Lowry Proposition Is Not Ac-
cepted, New York Capital Will
Erect an Office building AdjOin-
ing the Present Site-COI. Vests
Funeral - Novel Law Point
News of the Mil City.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17
RICH GOLD STRIKE.
Hayden Hill Residents Excited by o
Find of Pay Dirt

SAN FRANCISCO. March 49, - Resi-
dents of the mining town of Hayden Hill
Lassen county. in the extreme northeast.
ern portion Of the state, are greatly ex-
cited over an exceedingly rich strike OF
gold ore. The vein is about fifteen
inches wide, about ltwenty-nine feet from
the surface. and it prospects from s7,0O(
to 900 per ton
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17
BOARD OFFERED.
90 words or Less, Zoe.


BOARD-Good. wholesome table board,
with room, for $4.00 per week: within
five minutes walk of postoffice. Cali
568 Wabasha st.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17
BUSINESS PERSONALS,

70 WOFUS OF Eltss, JUG
VARICOCELE, SEXUAL WEAKNESS
and all nervous and private diseases
cured. Call or address Room 206, Mer-
rlll Building, st. Paul, MINI. Cases
treated by mail.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17
DREYFUs AT CAYENNE.

Relieved Devils Island Prisoner Is
Now at That Place
KINGSTON, jam, March ia CORE
spopdent at Cayenne, capital of French
Guiana, writes that Dreyfus, the famous
French military prisoner, is exciting lit
tie public interest there, but that private
circles feel strongly against him, some
predicting his return to his place Of cap
t1vity. on Devils island, off that coast.
This is looked upon here as implying that
Dreyfus was recently removed from
Devils island to Cayenne
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17
STORES FOR RENT.

20 Words Less, zoe.
~~~>~~o~~~~4~~~~N~~~NS~~-O~
WANTED IMMEDIATELY
DESIRABLE TENANTS FOR STORES
in the
NEW LIBRARY BUILDING.
(F'ormerly the Market House)
Corner Wabasha and Seventh SITS.
Premises arranged and improved to
suit all tenants. Rents reasonable
Leases for long or short terms given
Best location in town. Apply to the
Board of Directors of the Public Lii
brary, or
EDWARD FELDHAUSER,
Room los. Germania Life Bldg
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17
POPE IS IMPROVING.
His COnvaIescence Is FOLLOWING T..
Natural COursa

ROME March 1.-THE pope's cows
lescence is following it's normal course
Prof. Mazzom and DR.. Laponi, the none. :
physicians, deny all the alarmist ri1mors
mat nave been in circulation regarding
the condition of his holiness They de-,
cure that the wound made by the recent
u ,'L Is ABOUT healed; that the pope s
and that his weakness Is not more +bon
Is natural in a nonogenarian
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17
cows.
90 Words or Less, zoe.

20 Words or Less, zoe.
FAMILY AND DAIRY FRESH MICH
cows a speciality Lyle & Raeburn.
cattle dealers, Union Stockyards, South
st. Paul. Branch, Midway Market, 2161
University av.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17

Dated March 18th. 1889.
Mclaughlin & Boyesen, Attorneys for
receiver: sol Pioneer Press Building, st.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17
CHIRoPODISTS.

| :, --~%2O Words or Less, :Oc.
LOCKWOOD'S Good Luck Salve best
thing for sore feet; all druggists; estab-
Hshed sixteen years.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17
Want IDS FOR THE GLOBE
Moy Be Left at Your Nearest Drug Store
At the Same Rates at the Publication Office
HOUSES FOR RENT.
90 Words or Less, zoe

ROBERT l.. WARE & CO.,
Rental Agency,
3S East Fourth Street, Globe Bldg =,
have for rent houses, flats, stores
and Offices.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17
SEWING MACHINES.

SEWING MACHINES-For sale, all
makes Of sewing machines. from So up
machines sold on payments; fine repair
Ing. SO West Seventh st.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17
PERSONAL.
WANTED TO BUY.
20 Words Or Legs 70

20 words or Less, Zoe.
CASH PAID FOR OLD GOLD, jeweIry
and watches; cleaning watches 81;
handspring, 81; all work warranted. r
ii. Harm. Ill East Seventh ST.
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17
ROOMS FOR RENT.
% Wrrd~ m Ua H.

ROOMS-At Hotel Fey, corner Cedar and
Seventh; one block from all street car
lines; two blocks from the theaters; fur
n1shed rooms by day or week, with
steam heat. bath, etc. Transient trade
solicited
The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-03-17

LONDON, March II. The Brussels
Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-05-08
Camera Club Exhibition

The Capital Camera Club opened its
eighth annual exhibition of prints in the
club rooms. 1910 street, this morning.
three hundred subjects being hung.
The board Of award. consisting of Messrs.
E. Clarence Messer. Thomas W Smile and
Miss Frances johnson, inspected those OF
Saturday evening and awarded the five sill
yer medals to the following pictures: No.
%, by A. w. Archer; No. ia. by Edward
J. Daw; No. 49, by H. p. r. Holt No 40.
by c. Francis Jenkins. and No. 2Ss. by
Thomas Mullett. Five bronze medals were
awarded to the following: No. 80. by W.
Draper: No. a. by Miss Anita Fallon: No.
81 by VIM. F. Peabody; No. III. by Frank
Roe Batchelder. The fifth bronze medal
was not awarded
While on the whole the work exhibited is
not, in the estimation Of the judges, as mer-
itorious as that shown on former exhibit
tons of the club. the collection contains
many beautiful pictures. Among the ex-
hlbtors whose work will particularly at
tract notice arc Miss Virginia Pral Miss
Kate S. Curry, MesSrs. George W. White.
Wallace c. Babcock, Chas f. Fairman,
William P. Herbst. John y. Oliver, John A.
Massie and ID. \. Knapp
Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-05-08
Washington stock Excbanpe

Sales-regular call II O'Clock nj : Rs r.,is
$500 az los, 81 900 loss 81 900 al LOST ssI po
at loss, 500 at loss, Sl4O at IUSIS MStrnp.ii1
tan Railroad cert b, $500 at IIG. Capital ira
ton. 70 at 9Ol, - at 80 20 al 80 10 at Sg4 ~ ~
sS's 70 al s93s. 10 al S91s. 10 at s97s ~ al S,I
eeepts. 20 at 22s. Washington Gas, ~ AZ 5sI,
Mersenthaier Linotype, at 2o41 10 at 2O4Is. 10
.ofi4, al 2O+ American GraphoIhone, I at l3ss
american %raphn1hone preferred at l4I4. After
American t'iaph"phone preferred, 30 at las Nef-
genthaler Linotype ) AT 2O4I2.
District OF Columbia Bonds. is, 1899. 2O-yeF
funding 100 bid. Is, 1901. water stock los 81
8.s3s. funding ~ bid ll9 asked.
Miscellaneous B0nds.-MrtropOlitan Railroad r.
l23 bid Metropolitan Railroad cony. Is 227 hid
Metropolitan Railroad cert. indebt., A. rs hid
lls4 asked. Metropolitan Railroad cert indal,f
Is, ZIG bid. 40 asked Columbia Railroad ts III
bid; Columbia Railroad ID mort. 5s 10 bid civ
ana suburban iiailTead 3s los bid Washington Gas
ries b, Gs, ll5 bid. L. :. Electric Light deb INN
Is rs bid L. ) Electric Light cert indebt Gs
1lsfa bid 10 asked. Chesapeake and Potomac Tel,
ephone 5s. l0S bid; American Security and Trust
bid. Washington Market Co INN O. las hi
washington Market Co. extn Us, los bid Masonic
In ASSOCIATION es 5s los bid American GRAPHIC
-, National Bank stOcks,-Bank of Washington. $40
I bd' Metropotan. 400 bid, 500 asked. Central,
i60 bid Farmers and Mechanics 2oO bid second.
iSS asked Gaeifs lac Iao b bd S@gmsa ISe ia
l34 asked Lincoln. l21 bid, 12S asked
n safe Deposit and Trust Companies. National Safe
ton Loan and Trust i64 asked American security
and Trust, ls5 bid, 200 asked. washington safe
Deposit, 60 hid.
Insurance stocks.-Firemen's 81 bid Franklin.
IS bid. Metropolitan 50 bid. COrcOran, 90 bid.
American, 30 bid National Union, IN bid isH
asked; Columbia. 14$i bid, l51s asked Riggs. So
bid Peoples. Ga bid, 61s asked Lincoln, i2JS bid
l3 asked. Commercial. ~ bid. asked.
Title Insurance stoeksmIsenl Estate Title, % bid.
Title, bid. District Title, 2 bid. 3 asked
Railroad Slocks.!apital Traction Co. sg2t hid,
s9Js asked. Metropolitan, POI bid. Metropolitan
trust receipts. 227 bid Columbia trust receipts,
I4T BID. City and Suburban, - bid 45 asked.
George town and Tenleytown. Is bid.
Gas and Electric Light ocks.-Washington Gas
IS bid, 5sas asked. Georgetown Gas 81 asked
L. S. Electric Light. l45 bid.
Telephone Stocks.-Chesapeake and Potomac II
bid 10 asked. PenDsylyani 20 bid.
Miscellaneous Stocks.- Mergenthaler IInotyDa 2of
bid 204L asked. Lanston Monotype, 2Oh hid pa.
asked. American Graphophone 133t hid I3Jl ask.
ed. American Graphophone preferred, n14 bid 1iH
asked. Pneumatic Gun Carriage, 40 asked. Wash,
ington Market, ID bid. Great Falls lee l45 hid
100 asked Lincoln Han, 100 asked.
xEx dividend
Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-05-08
Hotel Arrivals.

Arlington-G. p. Anderson. Boston; H 1.
lockwood, Worcester, Mass: B. B. Dixon.
New Orleans; F. X. Wilson Butte, Mont.
Cochran-A. w. Holmes. New Bedford,
Mass; J. b. Russell. Hartford, Conn; w
o. Wheeler. Sharon. Conn.
Dewey-A. A. Threfher, Dayton, Ohio: F.
Raymond Kansas; c. g. Patterson, New
York, J. J. Collins. Chicago
Ebbitt-T. NJ. Woodruff, United States
army; Admiral Sampson. United States
navy; {. q. Swain. Richmond Ind: II.
Morris, Brooklyn. y. Y
HamiIton-E. NJ. Fairchild Albany. n. Y;
j. d. Taylor, Cambridge, Ohio; J. Story.
Boston.
Metropolitan-C. NJ. shuly. Alabama: W.
II. Wright. New York; F. NJ. Hole, PhiIa-
delphia.
Nationally. X Thomas. MiddIatown.
Ohio; c. w. Collins. Philadelphia; C. F.
Brown, Boston.
Normandie-G. D. Long. Boston; F.
Peterson. New York: L. NJ. Dunn. Phila-
delphia.
Raleigh-W. H. Honiss. Hartford. Conn;
J. F Rice, New York: a. H Bates, Cleve-
land; TheO. Tanner, st. Louis
Regent-E. II. StratZel. Buffalo, N Y;
f. II. kiser, Dayton. Ohio; Tom Cooper,
Detroit
Riggs. D. Felix, Kentucky: r. White,
S. W. Scott, Philadelphia
Shoreham-F. r. McBerty, Chicago: J. F..
Williamson. Minneapolis: A. G.. Hunter,
London. England; H. H. Langton, Toronto
Canada.
Wellington-B. A Hamlin. Atlanta. Ga;
w J. Harding, Boston; ]. R. Kendig Bur
lington. VT.
Wlllard-F. B. Campbell, Cincinnati; G.
w. Patterson. Newport, r. J.. G. NJ. Chand-
Ter, Chicago; ]. NJ Stratton. Salem Ohio.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-05-08
LEFT MANY VICTIMS
DR.. Hogelsberga arrested at Los Angeles al
4 aSwindler.
Fled From New York April 15-Esti-
mated That His Dupes Lost
100000.

LOS ANGELES, Cal, May S.-The city
detectives here have arrested Dr. Hans
Hegelsberg, who is said to be wanted in
New York city to answer charges of whole
sale swindling in connection with the man
agement of the Investors Guaranty and
Trust Co, with offices on William street,
New York. DR.. Hegelsberg left New York
on April Is. and it was thought he had fled
to Europe with his wife, who had acted as
stenographer. The detectives here refuse
to say how Dr. Hegelsberg was apprehend-
ed and whether his wife was with him or
not. She is not in custody.
DR.. Hegelsberg is about thirty-eisht years
of age. and was formerly an occulist in
Wilmington, Del. He is said to have
secured large sums of money from people
all over the United States sto be invested,
he guaranteeing big returns and safe IN
vestments. The chief of police wired Chlef
McClusky of New York of the arrest and
received a reply to hold the man on
charge of grand larceny preferred by
Ernest May. 1t is alleged that May lost
S., 100 through a scheme of Hegelsberg
Got Away With 100000.
NEW YORK, May S.-The police of this
city said today that the total sum involved
in the swindling of which DR.. Hegelsberg,
now under arrest in Los Angeles, Cal, Ii
accused, will reach 100000.
Dr. Hegalsberg was president of the In
vestors' Guaranty and Trust Company, with
offices in this city. 1t is alleged that the
company did a blind pool business In
stocks. About April 20 last patrons of the
company who called at its office found the
doors locked and information was OBJ
tainable to the whereabouts of tn mem
bers of the concern. Ernest 5. May, Keeper
of restaurant, made specific complaint
that he had invested S. 100 with the con-
Germ, and that he believed that he had been
swindied. Hegelsberg thought to have
started for New Mexico. The police at Ell
Paso We're telegraphed to, and the police
throughout the state of California were
notified
Chief of Police Glass at Los Angeles to hold
Hegelsberg until the requisition papers now
being prepared were completed.
Overtnken b! Disaster.
Two days before the companys offices
were closed some af Heselsberg's customers
received from him a typewriter circular
dated at Newark, n. j., saying that dis
aster had overtaken him. He attributed it
to the panicky market and said he had de-
stroyed the books and asked for a few
months in which to make everything
square He confessed that he alone consti-
tuted the whole company. The letter con-
Guided: - IS
Il was a fool to think l could beat the
market and make a fortune for you and me,
but you will hardly be more successful.
You lose only a few dollars while l lose my
very EXISTENCE -
Capt. McClusky said that a man named
Young, who was Il friend Of May, the res
taurant keeper, had also been induced to
invest money in Hegelsberg's concern and
that May and Youhg had lost about $4,000
between them. --'' $50
Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-05-08
FINANCE AND TRADE
Stocks Ruled Weak With Lower
Prices at the Opening.
SLIGHT RECOVERY At THE CLOSE
Bear Raid Started by Fear of the
lndustriaIs.
GENERAL MARKET REPORTS
Special Dispatch TO The Evening Star.

Special Dispatch to The Evening Star.
NEW YORK May s.-The week closing
on Saturday and yesterdays deliheration
over the disappointing action Of the market
produced pretty general liquidation this
morning. The preponderanoe of selling or
ders was evident from the opening until
the latter part OF the noon hour
Initial sales reflected declines Of = and 2
per cent, and these prices Immediately gave
way under the continued pressure from the
room
Weak holders and room traders were
again credited with the days results. but
the extent Of the decline may be taken AZ
an indication that interests not usually so
classified were largely represented
All classes Of stocks suffered hut the faar
OF the eEcroachment Of the new industries
Is the real cause OF existing nervousnrss
While the decline was actively I'm progress
money rates ruled at 3l2 and per cent and
the motive for the selling was not traceahl,
TO new hardships in the money market
Money Is kept easy by the larger interests
nut conservative operators I'm margin ac-
counts are fearful that the several
interpretations VIII force higher rates so
suddenly that the time for realizing will
be less opportune than now
On a scale down there were some evil
dences of good buying. but the demand was
lever aggressive. The most successful in
tereStS In the street are confident Of higher
prices and predict that present purchases
VIII show handsome profits before the sum
mer is over.
There are a few more bad crop showings
TO expect and a few more syudicates ex-
plotting new Industrial consultations to
tolerate, but this is all that is adverse I'm
the present situation. so the optimists say
W lille this is apparently true. the purchase
OF every additional thousand shares at this
level reduces the buying power and the
puoIc mas become less credulous than when
the original advance was inaugurated
Many stocks have been allowed TO fall he
low the minimum level guaranteed by tn.
promoting interests and the street has had
another expensive lesson on this point
Stocks are not likely to be so universally
bought merely on the advice of few men
who have them to sell
Earnings must come to the front as the
real estimate Of value. and in this connec-
ton II may be well to remember that the
better class Of industrials may do as well
as the Older properties.
The public may wait to be convinced Of
this. however, by the sight of actual fig
ures. Pending this period the better class
or railway shares may be taken up by the
larger houses and the whole market forced
back into a more logical position.
The rally toward the end Of the day was
largely due to the covering of short stock
and nervous condition was evident in
spite Of the recovery. New low levels are
not unlikely, but If discrimination is used
some successful purchases may soon be
made.