davidaulloa/AmericanStories huggingface dataset:
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 Exception-Surpris in the
Weekly Bank ACKNOWLEDGEMENTS
in Cash and Large Expansion in
Lonns-Very Low Rates in Money.

NEW YORK. May 5.-The weekly state
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 s., COO, 600. The increase
of nearly sl3, OOO 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
cial 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, 0s5, 500
The stock market was almos, nominal
today In only one stock, Sugar Refining,
did the transactions foot up 10000 shares.
II 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 rae
t!onal extent A slight Improvement in
the tone Of the London market in conse-
QueDce 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 cessation of the move
ment.
Money is ruling at 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 It will not be surprising if the Bank
OF England followed its example in the
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
absence of aggressive progress in trade
and the leading industries deprives the
market OF the stimulus necessary to an
Active bull speculation.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

We are not only making liquid air, but max
ing liquid air WORK.
The mechanical correctness of our inventors
ideas to the production and application Of
liquid air as power We have demonstrated In
the further application Of liquid air refrig-
Grant EXCELLING ALL OTHERS, it has been
equally proven. Already the representatives of
the great packing houses investigating our
me thods and processes with the view of substit It.
ing liquid air for the ammonia process; and II Is
practically certain that Iiquid air will suppiant
all other methods of refrigeration. As the an
nual expense Of refrigeration in the L. s exceeds
$4,000, co. il may be readily seen what vast
field Of profit is open in this line alone by this
substitution, which saves one-hslf the cost
This company not only makes liquid air, but
builds the machinery TO make it. such as COM
pressors quefers, etc, and the motors TO utilize
it in automobiles, stationary engines. etc.
We offer the above amount Of stock to increase
our equipment We want TO install Immediately
a full plant OF composers and liquefers. With
such plant supply power in the city OF
now in use-and still make profits that ouf share
holders will find EMINENTLY SATISFACTORY.
Being the first company in the field to demon
strate that liquid air makes machinery move, we
are in the foremost position 10 the returns
consequent upon the application OF this new
force business economy, and thereby to PAY
DIVIDENDS TO OUR STOCKHOLDERS.
applications for stock may be made personally
b. mail, with checks to the order OF THOMAS
SEWaLL, Treasurer.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

Always 1t is the case that in very dull
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 a clique
of professional operators who are intense
~ 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 to sell more, and
hope to 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
sll 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 averse, for the moment, 10 allow
ing prices TO remain at the present level
while they are picking up securities.
Aside from the broad factors In the situa-
ton, which point 10 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 ldNOTabie 10
the bull interests. A 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 to part with them. The thing that
upsually, II not Invariably follows dull
market, after a decline is rally. 1t is
one OF the axioms of the street that it is
dangerous TO sell duh market
A Washington broker who is usually
careful market critic made the statement
Q few days ago that he is a bear at the
present time, not because of general con-
di,ions. 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
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 of 10 TO rs and even 80
points this year from the best level Of
1888. and that during the past month
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06
LIQUID AIR POWER
& AUTOMOBILE co.
Capital Stock . .......... So, 900, 900.
In 100000 and
U.s. 600 HARES s sss s:sa fs %. S. 90 s5 P

INDISPUTABLY THE FIRST company in the
world to Apply ana control liquid air IL the pro-
pusion of machinery, accomplishing without
flourish of trumpets what the skeptics have claim
ed was impossible.
Those who are still skeptics can THE MA
TERIAL ACHIEVEMENT resulting from the in
genuity and labor OF our inventors by visiting
factory any Saturday at p. m, first procur-
ing cards of admission from Boston office
as below.
The perfected motor was successfully operated
yesterday at the works OF the Liquid Air Power
and Automobile Company in Cambridge, perform
ing feats that entitle it to rank as one of the
most efficient forms of concentrated power yet
known. motor weighing only 81 pounds, be-
side showing its PAGES in point OF speed and ease
OF working, illustrating its for automobile
work, easily drove line shaft 10 feet long, with
four countershafts connected, driving metal
working lathe. turning lathe for wood, cir
cular saw, and band saw-all estimated TO re-
qu;re at least six horse power. Boston Herald,
April u.s. 1900
The coming Of liquid air, and its successful
employment, open up new and startling era
in mechanics. refrigeration, travel, surgery, and
domestic economy.
The immensely OF the future liquid air business
cannot be controlled by any one company, nor
do claim exclusive patent right to the use
Of one Of natures greatest elements
What do claim, and PROVE, is that this
company is the first in the field to show some
thing DONE.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06
FINANCIAL.
TRIPLER LIQUID AIR co.

ton Of liquid air, and the profits resulting from,
its manufacture and sale must naturally be eno--
nous. snb-companies, paving royalties to he
parent company. will be established both at home
and abroad; one has already been incorporated at
Los Angeles Cal, and Others in several States
are in process OF formation, each having paid
Up capital OF Sl,00n.000 and actively pushing the
construction Of liquid air plants
Since the former issue OF stock the compaytr .
plans hsve So developed and hroadened that MS
business is TO include, besides the production OF
LIQUID air. the manufacture in its own shops of a
large amount of machinery especially designed
for the use OF liquid air as the sole motive power
Ems will he applicable NOT only to stationary
engines but to various methods Of transportation
particularly at present to launches. submarine
vessels, and automobiles. The automobiles will
also be huilt in the newly contemplated plant
and will soon be ready for the market; as they
will supersede all ether forms of horseiess car
rage the demand will be very heavy and the
profit TO the company correspondingiy great.
To enable the immediate furtherance OF TINS
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06
THE CHICAGO GRAIN MARKET
A SnGSing Tendency in Wheat. Corn,
and Onts.

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 65 3-4G65 rs, recovering to sc, and
again losing a fraction. About the only
buying was based on the continued dry
weather throughout the West and North
west, while the animus Of the selling out
side OF that done by the scai.ers was be-
cause of belief that the Government re-
port next Thursday Will raise the April
condition OF 50. Receipts continue light.
For the week there were 103 cars at Chi
cago. Only one contract grade came
in today. The cables showing 10 to Is
centimes advance at Paris and 3-ST34d
at LIVERPOOL were a decided help after
the first hour of the session.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

Saies-Capital Traction As: SIG. COCOA
log IL; District Title Insurance: 5G3 1-2;
Capital Traction, Scrip: sl05G107 1-2, 81
@107; Capital Traction: 2OG104 IA; Wash
ington Gas: 1G54 3-s, 1G54 1-2; Merger
thaler Linotype: 10d192 50d1s2 Is, LOG
@192 ia. 160d192 3-s, 2Od192 1-2; Lanston
Monotype: S0G12 "a, 20d12 SIS; American
Graphophone: 200G12 3-S; Pneumatic Gun
Carriage: 500d2l cents. 5O0d2O cents. Aft
er call-Captal Traction: 1000 1G4 is. 600
G104 Ia; Lanston Monotype: 5OG12 SIS.
GOVERNNENT RONDS
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
nual vacation pool without charge for those who
arc employed and unable to watch the market
anc manage their own account. Act promptly if
you desire TO participate
l. d. FOWLER & CO.,
Bankers and Brokers,
Phone I745. l42l ST.
my4-tf en-
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06
kzGR4 WsshIna.ol DC

I.RAr MI USE FOR EXAMINATION AND DIAGNOSIS
GERMAN SPECIALISTS In charge To treat a
chronic diseases Of and woman. Catsrrh,
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yaricoceie. Hydroceie Syphilitic Skin and Blood
Poison cured without mercury.
Especial attention in old and so-cslled :neuFahle
essss. treated and cure accomplished Roun. % p
L. Q to q Tuesdays. Thundays and Saturday.
ill . evening. Sunday ciossdl Dr. CZARRA
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06
|I|l!!|l|'3[3Ia;]

DIR. Reed Is eminently fitted to cope With
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A COLLEGE GRADUATE.
IS DIPLOMAS AND CERTIFICATES
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Promptness and permanency make DR.. Reeds
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Office hours, 10 to l. to Q. daily: Sunday. 10
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The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

The character OF the market during the
past two weeks is illustrated forcitly in
the accompanying table of quotations The
prices of the more active securities a; 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 spen
a record, the number of shares traded In
during the past week was tie smallest lur-
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

The new Capital Traction 4 per cent
bonds sold yesterday at 108 12. The price
of the bonds has declined somewhat from
the best level, but there seems to be a
good demand for them at the present
price.
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 ! = per cent and at no time high
er than per cent. These are such rates ds
favor speculation in every way. The money
market was in a less Favorable condition
when the boom Of last year occurred.
Money is going out of the country in small
volume, but, as has been pointed out in
this column, there is no reason for con-
sidering this bear argument. There is
abundant evidence that the important
financial people do not so consider it. More
money is arriving from Alaska TIL II is be-
ing shipped TO Europe. Every Go lar that
goes TO Europe piles up a large balance
in favor of this country. New York is
gaining money from the interior faster
than it is shipping gold, as was sho yn by
the bank statement yesterday. The state
ment is an interesting one and it has in Il
more of mystery than is usual There vas
an increase OF money by the banks during
the week, though nearly $4,000 coo was
shipped to Paris on Thursday. An i'm
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 were as follows:
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

there has been a decline ranging from
to Is or more points. AS to the PROBABLE
ity that holders OF securities will be
frightened into selling them at their pres
ent level because of the possibility of Mr..
Bryan's election, it 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 higher level than
any of last year there is still time for a
very respectable bull movement before
the heat of the campaign
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. 1t is stated
hat 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 s6074. 37S, including
5000 900 of rights and franchises" The
amount of stock issued Is s2.905, 2iO end
the amount of stock unissued, 81 09i. go
making a total of $1,000 600.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

il is understood that the meeting of the
directors of the Missouri Pacific, which
was promised by Russell Sage and whi'h
failed TO materialize last week. is like
to take place at any time. The best in
formation is that the Rockefeller repre-
sentatives 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
Gerald NJ. Fenneil e. Co., Bankers,
Or WASHINGTON SAVINGS BANK,
Cor. 18th and G Sts NJ W.

ing where it nets the investor 4.6 per cent.
1t is said that the Atchison statement for
March will show net earnings increased in
excess of $500 600
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06
$4,000 SHARES
e Offered for public subscription at
Sc 90 PER SHARE,

Pay value SIO full-paid and worcestershire.
Those who desire an interest in the greatest OPP
portunitv ever placed before investors should in
yestgate this proposition at once.
Subscriptions accompanied by check received
by the Fiscal Agents for the United States,
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06
The 80 DAYS" Cure

Qor mem leads all remedies in this city; .
prompt and permanent or charge. Con-
Eultation free. DR.. McKEEHAN, Sic 18th St
NV. Office hours. to IL g. H.; to p. N.
Sundays, TIC p. m. ap2t-lmo
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06
No Gard, Trance or
Hand Humbug.

So great is his power that he tell you while
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lie is the ONLY ONE who will give Written
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Chance of a Lifetime.
Don't Let Ii Pass You!
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 Let movement
has not been large. The stock has BEEN
supported by powerful interests and at
times there have been good buying and
quick advance n price. 1t seems entirely
probable that Sugar will continue to be
feature of tie 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 'leal 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 far nrs IN the
general market. No one possible event
that can be named would have more infiu-
ence in creating bullish enthusiasm anong
spectators.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06

A thousand shares of Pneumatic Gun
Carriage were traded in yesterday.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06
New York STOCK Marked.

Corrected daily by W. B. Hibbs & Co.,
members OF the New York Exchange, 1419
r Street
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-05-06
PROF. CLAY,
Dr.. Ledthermdn,

EXPERT SPECIALIST IN the cure Of all private
sseasea Hycrocels. vsricoceia. Structure. In
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Advice and consultation free. Both se,es Daily.
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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 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 were 2.374, and the total value
Of the business done, including a large
block of the new Capital Traction bonds
was more than $4,000
Mergenthaler which has been strong
during the entire week, though not par
ticularly active, was bought heavily yes
terday, for investment largely, il 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 10 1872 12, and closed at 1872 3-8,
the best of the week. The company re-
ports an excellent business. and an adj
vance in the stock to nearly 200 is not
unlikely in the immediate future.
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 seemed
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.
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.
venture which frequently requires the ox-
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
u SIS and u "a.
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 s50,S41. The Missouri
Pacific gross earnings increased for the
week s55, 600 and from January ! increased
$685. The Norfolk and Western gross
earnings for the week show an increase Of
1897 for the month an increase of
s116,25S. and since July 1 en- increase Of
$3.50 400