davidaulloa/AmericanStories huggingface dataset:
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

We arc not only making liquid air, but max
ing liquid air WORK.
The mechanical correctness Of our inventors
ideas as to the production and application o.
liquid air as power we have demonstrated. In
the further application Of liquid air a refrig-
Grant EXCELLINC ALL OTHERS, it has been
equally proven Already the representatives Of
the great packing houses are investigating our
methods and processes with the view Of substitut-
ing liquid air for the ammonia process; and 1t IS
practically certain that liquid air will suppiant
all other methods Of refrigeration. As the an
nual expense Of refrigeration in the L. : exceeds
$4,000. 600, il may be readily seen what vast
field Of profit is open in this line alone by this
substitution, which saves one-half the cost.
This company not only makes liquid air, but
builds the machinery 10 make il, such as COM
pressors liquefers etc, and the motors to utilize
il in automobiles, stationary engines. etc.
We offer the above amount Of stock 70 increase
our equipment We want 10 install Immediately
a full plant Of composers and liquehsrs, With
such a plant we can supply power in the cts OF
Boston at a far less cost than any other power
now in use-and still make profits that our share
holders will find ENINENTLY SATISFACTORY.
Being the first company in the field 10 demon
strate that liquid air makes machinery move, We
are in the foremost position TO the returns
consequent upon the application Of this new
force a business economy, and thereby to PAY
DIVIDENDS TO OUR STOCKHOLDERS
Applications for stock may be made personally
bv mail, with checks to the order Of THOMAS
SEWALL, Treasurer.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06
TRADING ONLY NOMINAL
Fluctuations in the General List
Extremely Narrow.
Sugar Refining Practically the
single OBSERVATION-DISCLOSURES I'm the
in Cash and n Large Expansion in
Ionns-Very Low Rates in Money.

NEW YORK. May the weekly state
mcnt Of averages Of the banks contained
two surprises. namely the large increase
in cash and the much larger expansion Of
loans. The increase in cash was nearly
three times as large as the most trust
worthy estimate had led the street to ex-
pect being over $4,000. GOO. The increase
of nearly $780, Geo in loans was certainly
not brought about by speculation on the
stock exchange.
The detailed statement Of the banks
shows this increase to have been fairly well
distributed with the exception that about
one-third OF the amount is traceable to
the absorption Of the National Union Bank
by the National Bank Of Commerce. The
chances are that the remainder Of the in
creases was due about equally to CONNER
oial borrowings and to syndicate opera
tions, the last being incidental to the
acquisition OF the control Of the Long
Island Railroad by the Pennsylvania Rail
road, and the closing up Of the consolida-
tion OF the principal bridge building con-
Germs in this country under the title Of the
American Bridge Company
The increase in the deposits is very
nearly consistent with the two changes
already noted. The net result is a de-
crease in the surplus reserve Of 81. Og5 soc.
The stock market was almost nominal
today. In only one stock. Sugar Refining
id the transactions foot up 10000 shares.
1t enjoyed a net gain Of IA per cent
Throughout the remainder Of the list the
fluctuations were very narrow, and final
changes favored each account TO a rae
tional extent. slight Improvement in
the tone OF the London market IN conse-
oueDce OF encouraging news from South
Africa was not without effect on purely
professional speculation here.
The most interesting local development
this week has been the beginning Of eX-
ports of specie upon a fairly large scale.
The fact that no gold went out today can
not, IN view Of all the facts. be cOnsid-
cred as indicating a cessation OF the move
ment-
Money is ruling al such comparatively
high rates abroad. and at the same time
rates are so low here that Europe is Ger
tain TO attract gold from this centre as
long as existing conditions prevail.
The Bank Of France is offering induce
ments to secure specie from this side,
and Il will not be surprising il the Bank !
OF England followed its example in the 1
near future. That considerable outward |
movement OF specie will affect local money |
rates is almost a certainty.
Except for this probability the circum |
stances affecting the market value Of Sc /
ourities are IN the main favorable but the 1
absence Of aggressive progress in trade |
and the leading Industries deprives the I
market OF the stimulus necessary TO an /
active bull speculation.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

The character OF the market during the
past two weeks is illustrated forcibly in
the accompanying table Of quotations. The
prices Of the more active securities at the
close yesterday are compared with the
prices Of one and two weeks ago. 1t will
be seen that there have been both ad
vances and declines. and that in neither
case have they been Of much Importance.
As would naturally be inferred from such
a record. the number Of shares traded in
during the past week was the smallest dur
ing The rreenrt rner
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06
THE CHICAGO GRAIN MARKET.


CHICAGO. May 5.-The early market in
wheat today was inclined to sag because
Of the selling disposition on the part Of
the scalpers who bought wheat yesterday.
May opened a shade higher at Sc, dropped
to % 3-4G 60 rs, recovering to 66, and
again losing a fraction. About the only
buying was based on the continued dry
weather throughout the West and North
west, while the anmus Of the selling out
side Of that done by the scalpers was be-
cause Of a belief that the Government re-
port next Thursday Will raise the April
condition OF 50. Receipts continue light
For the week there were 1913 cars at Chi
CagO. Only one contract grade came
in today. The cables showing 10 to Is
centimes advance al Paris and 3-Sd3-4d
at Liverpool we're a decided help after
the first hour Of the session.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06
FINANCIAL.
ANNUAL VACATION POOL.

Deposits Of so and upward will be received up
to and including May 10, for our Annual Vacation
Pool Settlements and distribution Of profits on
June 10. We accept the management OF this an
nuai vacation pool without charge for those who
are employed and unable to watch the market
and manage their own account. Act promptly if
YOU desire TO participate.
l. d. FOWLER & Co,
Bankers and Brokers,
Phone l745 1921 st.
uy4 en-
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06
WASHINGTON stock E,chanre.

Sales-Capital Traction As: SIG .00OG
Jog IL; District Title Insurance; 5d3 IL;
Capital Traction, Scrip. Sl05d1O7 1-2, 81
@107 Capital Traction: 20d 1O4 IA; Wash
ington Gas: 1G54 3-s. 1G54 1-2: Mergen-
thaler Linotype: l0Gl92 50d1s2 Is. 100
d192 Ia. 16OG192 3-S, 20d192 II; Ianston
Monotype 30012 "a. 20d12 SIS; American
Graphophone; 200Gl2 3-s; Pneumatic Gun
Carriage: 500d2l cents. 5O0G20 cents. Aft
er call-Capital Traction: 1000 104 Is 600
q 104 Ii; Lanston Monotype: 50G12 SIS.
GOVERNMENT BONDS
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

The financial situation is excellent call
loan rates during the past week have been
as low as DE-. per cent and al no time high
er than 3 per cent. These are such rates as
/ favor speculation in every way. The money
market was IN a less fayorabl1 condition
when the boom Oh. last year occurred
Money is going out Of the country in small
volame, but. as has been pointed out in
this column, there is no reason fer con
sideriug this q bear argument. There is
abundant evidence that the important
financial people DO TO, so consider it. More
money is arriving from Alaska tn is be
ing shipped TO Europe. Every 90 lar that
goes 10 Europe piles up large balance
in favor Of this country. New York is
gaining money from the interior faster
than il is shipping gold as was sho IN by
the bank statement yesterday. The state
ment is an interesting one and it has IN it
more Of mystery than is usual. There vas
an Increase OF money By the banks during
the week, though nearly $4,000 GOO was
shipped TO Paris on Thursday. An IN
mense increase in loans increased the re-
quired reserve several millions Of dollars,
and hence resulted in a decrease OF sur
plus. The loan item Of the statement is
variously explained in the street. 1t may
indicate that the pools are getting ready
for a bull campaign. The figures of the
statement we're as follows:
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

ing where it nets the investor 4.6 per cent
II is said that the Atchison statement fol-
March will show net earnings increased II
excess of $500. 600.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

there has been a decline ranging from 3
to Is OF more points. AS to the PROBABLE
ity that holders OF securities viii be
frightened into selling them at their pres
ent level because Of the possibility OF Mr..
Bryan's election. il may be pointed out
that the gold law has been passed now
and a very large part Of the financial
world believes it will not be repealed even
If the Democratic candidate is elected.
And finally. If prices this year may not
be destined TO reach a higher level than
any Of last year there is still time for a
very respectable hull movement before
the heat Of the campaign
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

The new Capital Traction I per cent
bonds sold yesterday at 1906 -. The price
OF the bonds has declined somewhat from
the best level, but there seems to be
good demand for them at the present
price.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

A thousand shares OF Pneumatic Gun
Carriage we're traded in yesterday.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06
The g DAYS" Cure

Oor men) leads all remedies in this city; a
prompt and permanent cure charge. Con-
sultation free. DR. McKEEHAN, sic 18th 81.
nv Office hours, Q TO u a m; G 10 D. %.
Sundays, 2 &c D. m ap24-lmo
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

American Sugar Refining stock has been
one Of the most active and interesting dur
ing the week. although its net movement
has not been large. The stock has been
supported by powerful interests and at
times there have been good buying and
quick advance in price. II seems entirely
probable that Sugar will continue to be a
feature Of the market this week. Some
usually well-informed people would not be
surprised IL it should develop an activity
and strength that would quite eclipse any
thing that has occurred heretofore. There
is a large probability, in fact. that some
thing is about to happen, after all the
talk. In the Sugar war. A deal is on foot
and the chances are excellent for its con-
summation. II need not be said that any
real developments in Sugar would be one
Of the most important OF bull factors in the
general market. No one possible event
that can be named would have more infiu-
ence in creating bullish enthusiasm among
spectators.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

The annual report OF the Lanston Com
pany. recently issued, takes a very rosy
view Of the outlook for the Lanston ma
chine and for the company. It is stated
that orders for machines are now in hand
that will keep the company busy during
the next few months. The treasurer's re-
port shows assets OF S6.07437S, including
$1,000 600 OF rights and franchises" The
amount OF stock issued Is 81, 905. 240. end
the amount of stock unissued. 81 09i, go,
making a total of s. GOO, 600.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06
and upwards ma Il c
on FURNITURE.
PINAOS. HORSES.
Loans of $40

Wagons, etc. at lowest rates and on the day
you apply. We are loaning the Building and
Loan Association plan, which makes the cost Of
carving loans much less than you pay else
where and allows you to pay it of in any sized
notes you desire. running from one to twelve
months You only pay for the use Of money for
the length Of time YOU carry it. II you have
loan with some other company we will pay it
of and advance you more money il desired. Rates
rEeerfllly given and no cost to you unless loan
is made Loans made anywhere in the District
Call and get rates Front room, FIRST floor, Sci
entihc American Building.
National Mortgage Loan Co.
625 Street n. W.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

It is understood that the meeting Of the
directors of the Missouri Pacific, which
was promised by Russell Sage and which
failed TO materialize last week is like y
to take place at any time. The best in
formation is that the Rockefeller repre-
sentatiyes are TO be selected at this meet
ing Of the directors and that dividend is
to be declared on the stock. II Is the opin-
ion Of many careful people that Missouri
Pacific is to sell at a much better level
than any yet reached within the next
month
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

Corrected daily by ". B. Hibbs & Co.,
members OF the New York Exchange, 1919
= Street
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

A large number of net earnings state
ments for March have been published dur
ing the week Many of them have showed
increases quite in keeping with the gross
earnings. In some cases there have been
less satisfactory net showings for rea-
sons which are well known and do not
give any cause for alarm. Such lines as
the st. Paul and the Burlington are ex
pending immense sums on new construc-
ton and on betterments, and they are
paying the highest prices for the work.
1t is probable that prices of many classes
of iron and steel used by the railways
will be cut in the immediate future. This
will add to net earnings More important
than that, those railways that are spend
ing their millions on improvements are
beginning already to reap the large bene-
fits in lesser operating cost.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

r.Ray IN USE FOR sxaMlgsn1S AND 1aeS1SI3
GERMAN SPECIALISTS In charge 10 tres, al
chronic diseases Of man and womsn. Cstarrh.
Rheumatism. Bran, Stomach. Heart. Kidney,
Bladder. Hemorfhoids (Piles) cured; vitality -
stored
PRIVATE DISEASES. Structure. lmpotsncy.
ysrieoeeie. Hydroceie. Syphilitic Skin and Blood
Poison cured without mercury
Especial attention in old and so-csiied :ncarshls
cases. treated and cure accomplished Hours u 70
II, to Tuesdays. Thursdays. and SsturdayA
I'll evening. SUNDAY eiossdJ Dr. CZARRA
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

Almost the only new piece OF gossip In
the street yesterday was the story that
Pennsylvania interests have secured a
control Of the Long Island Railway. The
story at first received little attention but
ii was reiterated very positively and with
the sanction Of people who are intimate
with Pennsylvania affairs, and toward the
close of the day the street came around to
the view that there is probably foundation
for the rumor. Long Island stock was ac
tive. comparatively speaking in a very
dull market, and it made a new high price
during the day.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

Gross earnings continue at record
breaking figures Lines all over the coun-
try report each week the heaviest earn
ings ever witnessed at this season Of the
year The April gross totals and the totals
for the fiscal year to date are almost the
largest ever made. There is no mistaking
these returns They indicate prosperity
throughout the country that cannot be
gainsaid The bears have contended for
six months or more that the business Of
the country would fall of badly 1t has
continued TO increase rapidly instead
+ Twenty lines report gross earnings
for the fourth week OF April, of 4,145, 252
OF this number twenty-three report gains
OF S46l.503, and four report losses of S17.-
457 Deducting the losses there is a gain
for the entire number OF lines of S444 046,
or L per cent During the third week Of
April siXty-nine lines made gross earnings
Of s., 672 7S6. Deducting the few losses
the gain Of the entire sixty-nine lines was
$3.50, 1873 or Il per cent. The gross earn
ings Of thirty lines for the entire month
Of April were SIS, III 951, and the Increase
81 1872 423. or 13 per cent.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

Always it is the case that in a very duh
market opinion is sharply divided, even
although evidently opinion in neither in
stance is strong enough TO induce business
There is in Wall Street at present clique
of professional operators who are intense
ly bearish in their predictions regarding the
outcome Of the market They do not fol
low up their predictions with an earnest OF
good faith In the shape Of short sales.
Their position is not unique in any way.
II is the same that has been seen always
before The bears have sold and sold
stocks. They are afraid 10 sell more, and
hope 10 induce lower prices by talking OF
the dismal prospects, the ruin Of the steel
business. the Presidential year. the outflow
OF gold, the discrepancy between gross and
net earnings owing TO the high cost OF
material and the heavy Improvements that
all the railways are making. On the other
hand the public which is naturally bull
ish. has been frightened out OF the mar
ket by the slump following the Steel and
Wire steal and the insiders apparently
are not sverse, for the moment TO allow
ing prices e remain at the present level
while they are picking up securities.
Aside from the broad factors IN the situa-
ton. which point 10 a higher level Of
prices in the near future the prosperity
Of the country which makes Intrinsic values
greater than present market prices the
technical situation Is highly favorable 20
the bull interests. review OF The recent
market shows that prices tumbled many
points after the Steel and Wire scandal,
and that since the tumble there has been
stagnation. neither advances nor declines,
except fractionally. The bears sold the
market to a standstill. No more stock
comes out. Real holders OF securities re
fuse 10 part with them. The thing that
upsuslly. II not invariably. follows dull
market after a decline is q rally. Il IS
one OF the axioms Of the street that it Il
dangerous TO sell dull market
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

DR.. Ledthermdn,
EXPERT SPEC :ALIsT IN the cure Of all prsvat.
nseasea Hycrccels. vsrieocsis. Structure. I'm
poteneJ, and syphilitic Diseases positively cured
Advice and consultation tree Both sexes Daily.
to II, to {. Tuesday. Thursday. and saturday.
Evenings, 10 q
6o2 stree; NOrthuesI
tC1osed sundsy) mhDa
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

The granger lines seem likely TO be
among the leaders Of any advance that
may begin In the near future. The recog-
milton Of the fact that net earnings will
soon begin to increase in the same way
that the gross now are, the statements Of
officers Of all the lines that crop prospects
are excellent, the certainty Of steady div
idends, and the good prospects of larger
dividend disbursements in some cases, low
rates for money all these things are ex-
tremely favorable to the granger group.
The Rock Island net earnings statement
for the month Of March and for the fiscal
year which ended with March 81 is at
tracing much attention. The figures are
a yerifcation OF all the good things that
have been said Of the grangers. In full
the statement is as follows.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

A Washington broker who is usually a
careful market critic made the statement
O few days ago that he is a bear at the
present time, not because Of general con-
ditious. which he considers highly favora-
Bile but because 1900 is the Presidential
year and he has never seen prices advance
during a Presidential campaign. 1t is a
fact that some Presidential years have
seen good advances in prices, when other
conditions have been favorable as they
are at present. II is another fact that
already prices are on 10 to p and even 80
points this year from the best level Of
1883, and that during the past month
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

The Southern Railway statement for the
fourth week of April shows an increase in
gross earnings Of S50s41 The Missouri
Pacific gross earnings increased for the
week s55, 600 and from January l increased
s915.661 The Norfolk and Western gross
earnings for the week show an increase of
S34,s37; for the month an increase Of
S1l6,25S. and since July l an increase Of
81. SO. 400.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

There has been very heavy selling Of
Lanston Monotype during the week. 1t is
said that one Of the chief owners OF the
stock, a gentleman who has been identi-
fed with the company from the beginning,
has given orders TO dispose of something
like 5000 shares. He has left the city
and become interested in a gold mine, a
venture which frequently requires the Cx-
penditure Of much capital. II is believed
that all, or nearly all, OF this stock has
been marketed during the past two weeks
or more. The price OF Lanston has held
fairly well, yesterdays quotations being
y IS and u "a.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06
Chance of a Lifetime.
Don't Let 1t Pass You!

Office at 23s Sd It. sw Daily a. m. to 10 p.
n sunday 2:3O 20 p. M. Il
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06
The Local security Market.

Heavy purchases Of Mergenthaler Limo
type and Capital Traction, and large BUSH
ness in a number of other securities yes
terday, made a notable day on the local
stock exchange. The entire week has been
active especially in view of the stagna-
tion in New York but yesterdays business
was larger than that of any former ses-
sion. The total number Of shares traded
in yesterday we're 2,374 and the total value
Of the business done, including a large
block Of the new Capital Traction bonds,
was more than $3.50. 600.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

Mergenthaler which has been strong
during the entire week, though not par
ticularly active, was bought heavily yes
terday. for investment largely, it was said.
The total Of sales was about $50 shares,
the largest number OF shares traded in
at one session in recent months. The price
advanced TO 1872 12, and closed at 1872 3-S
the best OF the week. The company re-
ports an excellent business. and an ad-
vance in the stock to nearly 200 is not
unlikely in the immediate future.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

More than 200 shares Of Capital Traction
stock were traded in yesterday at 104 Is
and 104 Ia. Traction has been fairly
active during the entire week. but a con-
siderable portion of the trading has <eemed
TO be manipulative. Faith in the deal for
the purchase of the Traction by the Wash
ington Traction and Electric Company, or
by any other interest in the near future.
has largely evaporated in f Street but,
nevertheless, 1t is known that the deal
may be taken up at any time again.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

POSSESSES MORE POWER THAN Any FOUR
SPIRITU ALISTS COMBINED.
CURES THE LIQUOR AND TOBACCO HABIT.
Allows the captive to be SET FREE.
RHEI -NATISM. INSOMNIA. HYSTERfA. AND
OTHER DISEASES CURED
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

DISTRICT Or COLUA BIA BONDS
6's. 1902, "s0-yesr funding" gold. coo. m
7's, 1901. water stock currency. 80
f's, 1903, 'Wster stock currency
Funding currency. 3.65's.......... l20
th's, Reg, 2-l0s. ls93-1e01. ... ....