davidaulloa/AmericanStories huggingface dataset:
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22

NEW YORK. April 21.-The formal ac-
acknowledgement by the directors Of the
American Steel and Wire Company that
prices for about a third Of its output oil
finished products have been advanced ana
held at figures that have restricted the
demand for them. Influenced fresh selling
Of all OF the wire and steel stocks today
The speculative community did not stop
10 reason about the matter nor, indeed
did 1t inform itself thoroughly as to all
Of the facts.
Il appears that some Of the concerns.
which were announced on Monday by the
chairman Of the company as having been
suddenly ordered to shut down, have been
closed for some time The market for
wire nails is overstocked because builders
have found that the old-fashion cut nails
are preferable to wire nails for various
purposes. notably for out-of-door construc-
tion, and particularly for Singing. This
Circumstance has reduced he demand for
one product of the company. Besides,
wire and wire fencing have been held at
practically prohihitive figures for several
months past. AS a matter OF fact, The
schedules Of iron prices both for pig lion
and for manufactured goods, have been
so high for some time past that they have
stifed the demand reaction is. there
fore likely 10 stimulate business.
The trouble with Wall Street in its
relations TO the iron and steel stocks Is
that IL has been reluctant TO believe in
reaction in the iron industry. il has pre-
ferred 10 accept. without questioning. the
roseate views Of the industry by those
who are engaged in it. and who are OBJ
vi0usly bent upon maintaining permanently
bieh prices for iron and for the securities
OF companies based upon the production
and manufacture Of iron. These circum-
stances DO not justify the former policy
Of the American Steel and Wire Company
nor the action Of the chairman in making
a sensational announcement last Monday
Of the closing Of a third Of the plants OF
the company.
On sales Of about 50. goo shares Steel and
Wire common closed 5-s lower than yes.
terday. The preferred stock on sales Of
less than 10000 shares sustained a net
loss Of / ga per cent. The break in these
stocks demoralized the entire list. Fed
eral Steel Missouri Pacific. Brooklyn Rap
ID Transit, and many other stocks less eX-
tensively dealt in sustained net losses OF
2 points or more The trading was fairly
heavy for a Saturday half holiday. The
weekly statement Of averages Of the as
ISOLATED banks was more favorable than
had been expected. the gain in lawful
money being over $1,000. O0O
An increase Of s.. SOC, 600 IN loans can
hardly be attributed to stock exchange
operations. There is again a wide dis
orepancy in the deposits. They are about
s. sec. 600 smaller than the sum Of the in
crease in the loans and In cash. The net
result brings the surplus reserve up TO
nearly SIS. 000, coo. The indications are that
.bfc ffry,p on IN. hanks will not pain
much money from the Sub-Tressury, as
the disbursements OF the Government in
connection with the refunding Of the bonds
are falling of At the same time the for
eign exchange market is approaching the
gold eNporfing point.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22
MONEY AT
az and 5 Per Cent.
Promptly Leaned on Real Estate In DiErtcs a
Columbia
BEIsKELL & McLERAH.
zoos Street ecsea
THE CHICAGO GRAIN MARKET.
The shorts Take Profits on Wheat
Corn. and Oats.

anu
CHICAGO, April 2I-Wheat was dull and
steady, with shorts disposed to take profits
There was more liquidation of May. and
considerable changing, especially by the
Northwest. Liverpool was unchanged, Paris
a shade higher. and Antwerp weak, / IA
lower. Primary movement was somewhat
smaller than last year clearances being
AS. 900 bushels There we're 100 900 bush
els Of cash wheat taken for export. The
seaboard reported eighteen loads taken for
export The weather conditions could not
be more perfect for the growing winter
wheat crop and seeding in the Northwest.
The shipping demand for corn has been
poor. There was no change in the West
ern situation. The country offerings con-
tinue light Liverpool was up l-2d this
morning. and the local element which sold
so literally yesterday covered quite freely
in the first hour There was some pres
sure, however in the last hour from floor
traders.
There has been so much May selling OF
oats Of late that the July has gone to a
premium Of 1-4c over the May. The ship
ping demand is poor particularly poor for
export The market acts as if the West
was long.
Provisions had further sharp decline on
a continuation of liberal selling that com
menced several days ago, and which has
been mainly by miscellaneous holders
though some of II has been for short &C
count. At times packers gave the market
support and there was some investment
demand The market closed quiet.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22

The stock market during the past week
has been dominated largely by the steel
and iron situation, and especially by the
disclosures Of facts and fancies regarding
the American Steel and Wire Company and
the arch conspirator Of that concern. John
W. Gates At the very beginning Of the
week there was the tumble Ia prices in
the steel group followed 10y the announce
ment that the wire company's plants were
being shut down for a lack Of demand FOR
their products. For a time, during the
latter days Of the week, il seemed proba-
bic that the effect OF these disclosures
would wear of shortly. as Far as the gem
eral market was concerned, and that the
close might be strong. On Friday. how
ever the special meeting OF the wire peo-
pie was held, and as far as came to light
Mr.. Gates was not thrown out Of the COM
pany and nothing very important was ac-
oomplished to rehabilitate the concern in
the eyes OF the public. At any rate, the
street considered the lack Of news a bear
.sh item IL the situation. and yesterday
the steel group was particularly weak
again, opening OF from a point to two
points, and continuing on the down grade
practically all day. The close was at
heavy net loss for the day and for the
week. This weakness in the group also
again affected the general market badly.
eespite a most encouraging bank statement.
showing a fine increase in cash Of s., eco 00C
and an increase in reserves OF more than
half that amount Intrinsic general condi-
tons are all favorable. Some OF the i'm
mediate technical market factors are IN
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22

favorable. The result viii be an interest
ing week in stocks Il is difficult to pre-
dict what the outcome will be. but II seems
certain that for a time business Will be
much smaller on account Of the fright Of
the public by the Gates operations, and 1t
is probable that prices will be Irregular
up in some quarters. and of in others Sc
curities should not be bought except on
sharp breaks. The short side, however, Wlii
not be attractive to careful people. who
understand the inherent great strength OF
the situation. the important interests in
the market and the certainty that in the
near future the advance in prices must be
gin again.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22

Sales-Columbia R. r SIS, SlO0Gd1 i2;
National Safe Deposit and Trust: 3d135;
Capital Traction Scrip: S51SdlO7 -; cap
ital Traction: 2OG1O4 3-S. 2Od1O4 IL, 20n
104 SIS. 20Gl04 ga, ION104 IS, Geo
los Is. 5alO5 Il. 3O0Gl05. After call
Capital Traction As: $5.000G 107 "a;
Capital Traction: 60d lO5 Is 1O0G 1O5. 30
@f05 IL; Columbia R. R. SIS: S. GOOGLE;
Mergenthaler Linotype: SOG193 IL.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22
4 Steel And Wire BREAK
An Announcement by the Director
Produces the Pressure.

A Statement TO the Eject That Prices
on one-third of the Company =
Finished output Have Been Adj
Vanced So ~ 10 Restrict Demand
Causes Fresh selling of the stocks.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22
The LocaI Security MARKET.

The local stock market has been inter
esting during the past week, particularly
on account Of the revival Of the rumor that
the Capital Traction Railway is to be sold
out to the American Railways Company
or the Washington Traction and Electric
syndicate, or to the former as the agent
OF the latter possibly. Heavy inside buy
ing Of Capital Traction accompanied the
rumor during the last two days of the
week and the price of the stock advanced
from 1902 and a fraction to 105 and frac-
ton, closing at the highest price yes
terday The amount of the stock trans
ferred Friday and yesterday was phenom-
email, even when II is compared with the
activity OF the same stock a few weeks
ago, when the same rumor was first
started and the stock advanced TO 10.
Fridays sales amounted to 1000 shares
and yesterday nearly 200 shares changed
hands. An officer OF the Capital Traction
stated TO a reporter for The Times on
Friday that 10 his opinion the Washing
ton street railway syndicate will ulti-
mately purchase the Capital Traction. He
would not make any statement as to the
immediate outlook for such a deal. The
street is watching the upward movement
OF the stock with much interest and
drawing its own conclusions, which are in
some cases optimistic and in others skep-
teal
The new Capital Traction bonds sold
yesterday at 107 ga, for $1,000. The bid
and asked price at the close Of the call
was 107 1-2qlO7 rs. The scrip sold at
1O7 1-2. Two lots Of Columbia Railway So
sold at l12.
There was much activity in Lanston
MonOtype on several days during the week
and the price broke fractlonally as the re-
suit Of several heavy orders to sell. The
fact that l3 is still bid for IL, however
despite this selling shows that somebody
has great faith in the stock, either as an
investment or as a speculation. The total
sales for the week were several thousand
shares, the transactions on Friday alone
being more than $500 shares.
Mergenthaler has been fairly active and
has held its own we'll though the price
yesterday was fractionally off from that
OF the day before the Easter holidays. 1t
is probable that there will be an advance
between this and the declaration of the
quarterly dividend.
The bid price for the new Colonial In
suranoe stock is ITO "a. Business in the
insurance securities has been small.
Metropolitan Bank stock continues TO
advance es far as the price offered for It
is concerned, and no stock seems TO be
for sale Six hundred dollars q share is
the highest price ever offered for bank
stock or any other security In Washington.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22

The extent Of the break in the market
during the week. and especially in the
steel securities. is shown in the accom-
pauyiug figures. giving the prices at tns
close Of business on Thursday, before the
Easter holidays and the closing prices
yesterday. The tumble in Steel and Wire
common and Federal Steel common yes
-erlav was quick and long and did much
70 make an otherwise poor showing very
had
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22
FOR RENT-sUBURBAN.

FOR RENT-Cottagc Of o rooms. 8 acres. on Ham,
ilton Road, near Congress Heights. Apply
PIG sth ST. ne ap2l-5t
FOR RENT-By the wear, store and dwelling
house; cheap; with three acres land; electric
cars pass door. Address A. COUNSELMAN,
Bethesda p o., Nd ap2l-5t
FOR RENT-7-room house at Berwyu. SO; s
acres. Broom house al Muirkirk, $50. ABRA-
HAN FISHER, 5l2 St NV. ap2l-N
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22

Mr. L. NORRIS Baltimore's talented medium, at
40 9TH &C. NV daily from 10 Co 6. sunday
included. se4noes ru,sdly and Friday. p. M;
wednesdays. ESQ p. m; Sunday nights at Mac
cah,e Temple, jl3 9TH ST. NV; good music. silver
collection ap-Ot
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22

The average declines in the railway list
during the week were from two to three
points The industrials suffered more gen.
orally, though there were one or two ex-
ceptions like General Electric, which
showed remarkable strength on account Of
the fine statement OF the company. The
strongest feature OF the railway list was
the anthracites and the soft cOalers. Some
Of these securities made net gains, and
the declines IN the others were not heavy,
except in Reading first preferred.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22

The bears always have some argument,
however fimsy. 10 offset good news, and
il is to be expected now that there will be
much talk Of gold exports There are two
answers TO this suggestion. There is very
little reason 10 look for heavy exports,
according to the best banking authorities.
Exchange is hardening. but it is not yet
20 the gold export point Answer number
one The other answer is that gold eN-
ports would not be a misfortune and would
not have a bad effect on the market if
they did occur. As usual thing they
advance the market instead of tumblinG
4 prices. There is to be great abundance
Of money during the coming year in this
country The influence Of this on the stock
market has not yet been measured, and
people generally almost certainly under
estimate IT, In previous periods OF money
plenty the bears have taken the short side
Of the market weeks and months before the
right time and prices have gone ten and
twenty and thirty points higher than gen
orally expected. One Of the shrewdesI
market men in New York made the state
mout yesterday that in his opinion the
present bearishness Of many Of the pro
fessionals is Of the same premature kind.
The actual situation In the steel and iron
trade is still much a matter OF doubt 10
the street. and perhaps to everybody, in
Guiding the officers Of the steel companies
themselves There is however. much ex-
pert opinion TO the effect that the COM
panfes generally are more prosperous than
ever before. and are likely to continue in
excellent shape during he remainder Of the
year. even IL there is TO be some tumbiing
Of prices in steel wire and other artihclally
jacked-up special commodities The Fed
eral Steel Company reports that it has
contracts made for business that viii keep
its mills all running for practically the
balance OF the year at top prices. The
Tennessee Coal and Iron Company makes
report showing an increase in net business
Of $50 per cent, and its officers make the
prediction that its products will sell at
higher rather than lower prices during the
coming months As TO the Steel and Wire
company. it is asserted by one good author
ity that the price making power has been
taken out Of the hands Of MIR Gates. This
is a favorable item. II would be the best
thing that could happen to the general
market if the stock exchange should rule
the wire company of the exchange as 1t
did Bay State Gas. The company is max
ing immense profits. but il is being oper-
ated too much for the benefit Of the stock
speculations Of Mr.. Gates and his CO.
constructors. The result is undoubtedly
bad for the stock exchange, and II can
hardly be anything else than unfortunate
for the company. Mr.. Gates is alone the
winner in such a game. There IS still an
other bad feature Of such operations. X
Is said that the work Of Jay Gould and his
friends in their best or worst. days. was
the thing that did most TO deprive Ameri-
can securities of a foreign market. and the
prediction IS made by astute people that
the same kind Of operations by Mr. Gates
will again iniure the Yankees abroad al
most irreparably.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22

Corrected daily by W. B. Hibhs e. Co.,
members Of the New York Exchange, 1919
+ Street.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22

SIS, 1902. "30-year funding g)ld.. I0i
rs. 1901. Water stock" currency. ...
Is. 1903. Water stock currency. ...
Funding currency. S65's........... l9O
4lR's Req, 2-lDs. 1898 1901 ...... ....
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22
No Doctors

Wanted when Warmers Safe Cure is used for
Liver or Kidney disease. Directions on Label.
Sold by Rll Druggists.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22

NINE. DAVIS. born clairvoyant and card reder,
tells about business. removes spells and evil
influences Teunites the separated. and gives luck
10 an: cures piles and drunkenness. 122s 18th 81
NV apiG-lmo
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22

Pacific Mail has been one of the unpleas-
ant features Of the week, not because its
break has been very large compared with
many other securities, but because great
number Of small holders Of the stock have
considered it an absolutely safe stock to
buy around 90. There has been during the
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22
MONEY


MONEY InAuEn or household furniture,
NIuNli LuHHLp without delay, in any
ON PIANOS ie~ o' ra @s Of FL interest," HP At
Payments and time to
suit your convenience and no charges in advance
Security remains in your possession. We are the
only properly organized loan company, and il
you appreciate quick service, courteous treatment
and attention to your interests, you will leave
your application with us. Most private Office 10
the city. All transactions confidential
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22

FRFF-S Success I1 Nc -an only De 06I5IHed
through influence; viii send absolutely rec
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YORK INSTITUTE OF SCIENCE, Dept. AZ II,
Rochester y. y. apl3-su-it
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22

HAZE rot Nd a positive cure fer drunkenness;
can be given secretly; viii gladly tell you
what il is; dent send money. MRS MAY HAW-
KINS. Lock Box, j. H.. l3I Grand Rapids. Mich.
desl -Su
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22

W. A. Porterfeld. well known in Wash
ington as the successor Of Silsby & Co.
and the forerunner Of Murphy & Co. in
the big brokerage Office in Fifteenth Street
is to open for business again tomorrow at
1885 F Street, where Mr.. B. F. Wood has
been located recently Mr.. Wood has sold
out to Mr. PorteTfield and will retire 10
engage in other business Mr.. PoTteTtield
has great many friends among the spec
ulative fraternity and they will all be glad
to see him back in business again. II is
remembered that when he closed his place
two years ago he refused 10 fail" but
paid up every Washington creditor in full
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22
Mrs. NJ. RENNER.
M NJ &, THEO.

Medium and Card Reader Washingtons most
famous Ciairvoyant and Pslmist. Consult her On
business love- aud family Affairs; reunites the
separated; removes spells; causes speedy mar
risges and gives luck Open daily German
suoken. 25c and Soc g29 n ST. NV apl7-7t
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22

ladies Your bust enlarged inches; failure
impossible; harmless; Sl0o cash guarantee;
proof free. LEONARD MEDICINE CO., Kansas
CITY. Hans. II
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22
PosToFFICE NOTICE.

WASHINGTON. u. c. POSToFFICE NOTICE.
should be read daily, as changes may occur at
any time.
FOREIGN NAILS are forwarded to the ports Of
sailing daily and the schedules o. closings are
arranged on the presumption Of their uninter-
npted overland transit. For the week ending
April Is, 1890, the last connecting closes will be
made from this office as follows:
Transatlantic Mails
MoNDAY-tc) At s:I5 p. m for EUROPE. per s.
$. kaiscrin Maria Thercsia.' from New York.
via CherbourR. southampton. and Bremen.
Mail for Ireland must be directed Per S. s
kaiscrin Maria Thortsia
TUESDAN-tc) At 9.15 p. m. toT EUROPE. per
s, s. Paul. from New York, via south
ampton. Mail for Ireland must be directed
PEI s. St Paul"
tel Al Ices p. m. for Ell ROPE. per s.
Teutonic,' from New York, via Queenstown.
tc) At HOS p. m for BELGIUM direct per
8. :. keus.ngtou, from New York. via Ant
werp Mail must be directed Per $. s. Ken
singtou
wEDNEsDAY-(c). At e.15 p. m. for FRANCE.
SWITZERLAND ITALY, SPAIN. PORTUGAL
TURKEY, EGYPT, and BRITISH INDIA. per
:. s. Ia Touraine,' from New York. via HavFe
Mail Tor other parts Of EUROPE must be d
rected per 5. s. La Toursine."
FRlDAN-tbl At t:l5 .. m for EUROPE, per s.
5 statendam,' from New York, via Plymouth
and Rotterdam.
tc) Al u:05 p. m for ITALY. per e $.
Trave from New York. via Naples Mail must
he directed Per s. Travc."
(c) At HOS p. m. for NORWAY direct per
Thingyalla, from New York. via CHRIS
tiauia, Mail must be directed Per s s.
Thingvalla."
(e) At HOS p m. for EUROPE per 5. $.
Iveruid.' from New York, via Queenstown.
Nail must he directed per Ivernia.
PRINTED NATTER, ETC.--Cerman steamers.
sliling from New York on Tuesdays take Printed
Matter, etc, for GERMANY, and specially ad-
dressed Printed Matter. etc, for other parts Of
EUROPE
American and White Star steamers, sailing from
New York on Wednesdays. German and French
steamers from New York on Thursdays. and Gun
ard and German steamers from New York sat
urdays take Printed Matter, etc, for al couu-
tries for which they advertised TO carry mails.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22
PROF. CLAY,

I-RlY IN 0SE FOR EXAMINATION AND 0tAes0SiS
GERMAN SPECIALISTS 10 charge TO treat al
chronic diseases Of and woman Catarrh-
Rheumatism, Brain, Stomach, Heart, Kidney,
Bladder, Hemorrhoids (Piles) cured; vitality re-
stored.
yGricoce.e. Hydrocele syphilitic Skin and Blood
Poison cured without mercury.
Especial attention tn cid and so-esiled incursbls
eases treated and cure accomplished. Hours, 10 10
H. Q to g. Tuesdays, Thursdays. and Saturday.
tn evening. SUNDAY elosedl Dr.. CZARRA
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22

UNINCUMBERED gentleman lucrative business,
independently wealthy. longs for companion
shin and love ~ true hearted Ti.e HOWARD.
2gl 3sth ST., Cbic-go- II
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22

The bank statement hgures were as fol.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22

General Electric has been the steadiest
and the strongest stock on the list dur
ing the present year. Its advance has
been regular and rapid for many weeks,
and a day or two ago 1t sold at the highest
price on record. The close yesterday at
1879 was higher than II ever sold before
last week The reason for the strength Of
the stock is not in the least mysterious
The company earned for the year covered
BY its statement, issued during the week,
more than p per cent for the common
stock
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22

The Pacific securities generally have
been fairly strong. although there was
some selling OF Missouri Pacific yesterday
that looked suspiciously like Gould liqui-
dation. For the moment there is no rea-
son to buy the group, but on breaks they
will be safe purchases for much higher
prices in the not very distant future. The
same may be said of the grangers gener-
ally and OF Rock Island especially.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22

past month much buying Of the stock at
that price. The break was to 30 and since
that time Mail has hung between 80 and "a.
the close being at 50. II is not a stock at
present about which much that is cheerful
can be said as far as the immediate future
is concerned. No dividend is to be paid
by the company. according to the best in
formation, and the statement issued the
other day for February shows that the
business was less by several thousand dol
lars than it was year ago. The subsidy
bill is not likely 10 be passed this session.
The stock may probably be bought al a
lower price in the next month if one is
thinking Of buying il.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22

Young man desires the acquaintance Of Young
LADY, object matrimouy. Address bon SO
this office ~
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-04-22

Metropolitan Bank stock continues 10
advance ss far as the price offered for Il
is concerned, and no stock seems TO be
for sale. Six hundred dollars q share is
the highest price ever offered for a bank
stock OF any other security In Washington.