davidaulloa/AmericanStories huggingface dataset:
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18
Ware A. Leland. Letter.

Reported daily to Forrest II. Wood, Broker.
1885 r Street; upstairs; phone 1881
CHICAGO. Feb. 17.-wheat at Liverpool
Esd lower; London cargo5s dull and easier.
options 1-sd lower; Paris wheat l5c lower.
-four 15c lower; Berlin is lower; Antwerp
unchanged Worlds shipments, estimated,
$500. 600 Beerbohm cabled: Expect large
reduction in stocks of wheat. but large in
crease in floating cargoes." English far
mers' deliveries this week. $4,000 bushels.
Hungarian visible. 6.175,000 bushels, de-
crease of 230p00 bushels. Urinary re-
ceipts, 51s Oar. bushels; shipments. 691. 900
bushels: clearances. 4s0. 900 bushels: from
July to date, 26.S46. 600 bushels, which is
80 200. 900 bushels less than last quarter.
Cash and export business very slack. Mar
ket was rather weak and dull. and fuotua-
lions we're confined within narrow range.
The selling was better than the buying.
Corn-Clesrances. $1,000 bushels; from
July to date, 1877, 000, 600 bushels. which is
81. 250, coo in excess Of last year. Liverpool
3-sd lower. The market was frmer during
the day, but closed weak. Country accep-
tances were liberal, and there was a con-
tic-able yesterday.
Provisions-Hogs closed strong. with a
good shipping demand Estimated Monday.
1000: next week. 1875. 900 Shipments OF
lard, 100000 pounds; meats, 1895, 200
pounds. Liverpool lard, pence lower
There was no important feature to the mar
ket, which closed slightly under yester-
days.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18
Go and See the WOrld.FamOus
MEDIUM and PIANIST
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Fees SOC, ST, and So.

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lost affections brings the separated together tolls
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give luck and success in all you undertake. She
guides you Alright in all matters pertaining
TO love and marriage; restores to you the one YOU
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The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18
INACTIVITY IN STOCKS
General Speculation Sluggish and
Wholly Professional.
The Bond Market Neglected - The
General Public Holding Aloof-Too
shifted From Financial Ipstitu-
lions to the Bnnlss-a Loss of Cash.

NEW YORK, Feb. 1.-THE stoct mar
ket has made no decided progress in
either direction this week. Speculation
has been sluggish and professional. The
only noteworthy net changes in prices as
compared with the final figures OF last
Saturday are in so-called specialties. The
bond market has also been virtually neg
lected. This condition Of affairs is re-
markable in view of the developments this
week that would ordinarily influence SEN
timent and values. Among those are the
successes of the British forces in South
Africa, the passage by the Senate of the
finance measure that is generally re-
garded as a most important piece OF legis-
lation. the continuance of easy money,
both here and abroad and generally IA
vorable trade reports.
The fact is patent that the public is not
disposed TO speculate in stocks and as
long as IL holds aloof 1t is useless to look
for an active and substantial market for
securities. II is possible that the public
has not yet digested the great mass OF
industrial securities that were fed TO ii
a year ago nor become reconciled TO the
losses 1t sustained after last years in
dustrial craze eliminated.
Still another plausible view is that the
business interests of the country ate SO
fully occupied, both in respect TO time and
money. that they are compelled 10 ignore
the attractions Of Wall Street
The weekly trade reports are well nigh
mcnotonous in their presentation OF facts
regarding the activity In all lines of bust
ness Their statements are borne out or
corroborsted by bank clearances and by
railway traffic returns. The most inter-
esting development at the moment is the
further large increase in the exports oil
manufactured goods. While this may be
due in part to the war in South Africa,
there is plenty of evidence that the move
ment rests upon a more substantial basis
than that passing international misfortune.
The weekly statement of averages OF
the associated banks shows again large
EXPANSION of the loans. This is believed
to be due in part to further mercantile
borrowing. and also 10 the use of funds 10
move cotton abroad. There has also been
some shifting of loans from other financial
institutions TO the banks The banks have
sustained another loss in cgsh owing TO
Treasury INSCRIPTIONS The statement.
like that of last Saturday. is inconsistent,
the increase in deposits being over s5.Vvo,-
600 smaller than is called for by the
changes in cash and in the loans. Though
the reduction in the surplus is nearly
81 .oo0. 600. that item is still fairly large
The stock market was dull and heaNs
throughout A part of the professional eie-
mept tried 10 advance prices. but they
were routed by The contingent that OPP
posed them The iron and steel stocks
were exceptionally weak. and so were
Pacific Mail, Metropolitan Railway IhlTa |
Avenue and Sugar Refining. The closing
was heavy at about the lowest prices.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18
THE CHICAGO GRAIN MARKET.
wheat Dull and Lowcr-Continued
Selling of Corn.


CHICAGO, Feb. 1I.-wheat was duh and
lower today. the local talent rather free
sellers. Foreigners also sold. Liverpool
was 1-Sa1-id lower Paris Lie lower.
Primary receipts were 10000 bushels less
than year ago. and for the week we're
about 800 600 bushels larger. Clearances
were 800. 600 bushels. BIoomhall estimated
the worlds shipments at 100000; bushels,
and an increase ailoat The visible supply
will show little change. There was no
cash business reported here today.
There was continuation in the corn mar
ket of the selling which was the feature
FRIDAY. II was led in by that interest
which UP to Thursday was working the
hardest for rally. This interest has sod
several million bushels of long corn in the
past few days, and is now supposed TO be
going short. The export demand is de-
cidedly poor today. seaboard messages re-
porting foreigners resellDg and bids re-
duced. Country offerings have shown some
increase of late, one trader reporting 4OO,-
900 bushels bought in the country Friday.
Our receipts are 625 cars, with $50 for Moa-
day. Liverpool was OFF lid.
In a smaller way there was the same sort
81 selling of oats as in corn by the interest
which has been long for some time. Prizes
lost 1-sI1-4c. The general speculation in
this coarse grain is small.
The volume of trade in provisions was
small. Prices we're a little lower on selling
by bearisb pit traders, and moderate offer
ings from one or two packers. A promi-
nent local operator bought July ribs.
Stocks of the product still show no in
crease. further proof of the consumptive
demand. fairly good cash trade was re-
portpu.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18

There has been activity in the steel and
iron group during the week, but the net
result in the movement of prices has been
insignificant. The street apparently is d.
vided over the question whether to be
happy over the immense profits in the bust
ness shown in the Frick Carnegie suit or
frightened over the possibility that the war
between these two interests will result in
a general disruption of the present har-
monlous relations among the companies.
The chances seem TO favor an advance Tor
several of thu, group al least.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18

There are two or three theories TO ac-
count fer the immense increase in loans
during the past three weeks. As has been
said. many were at first inclined TO believe
that the bull Dools are borrowing money
for campaign in the stock market. This
idea loses in probability as the weeks go
by with their further increases in loans.
bat continued quiet in the stock market.
The market SO far this month has ahown
very little pool buying. Very evidently
loans made in Chicago and other cities
when money was tight in New York are
now returning 10 be replaced in New
York, though the extent TO which this is
occurring is not known. 1t is also be-
lieved that the same REIMBURSEMENT between
the trust companies and the banks is be-
ing made.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18
The Local securit, Market.

The local security market has been
quite as dull as the New York market
and almost entirely devoid of interest.
Business has been at a standstill on two
or three days. Prices have changed only
fractionally If at all. The market is
waiting for New York to awaken appar-
entity. Money is cheaper here than during
the first month of the year, but IT is not
SO over-plentiful as it was early last
wear
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18

The Rosslyn Brick Company of Wash
ineton. has been Incorporated. The Of
ficers are as follows F. B. Weaver,
President; George W. Wise. Vice Presi-
dent; E. r. Hhight, Secretary; E. p
Simpson, Treasurer; f. p. Dilman, Cen
eral Manager; George W. Cooper. Attor-
new
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18

II will be seen that in the railway list
the changes have been very small. II any.
In two or three securities the prices re-
manned unchanged. The advances outnum-
Der the declines The traction securities.
all except Manhattan. show small de-
elines. The industrials generally are
rather better off now than they were a
week ago Gross earnings Fl. ures for the
last week OF January, and for the first
week Of February. as far as they have been
received. are even better. probably, than
was expected by the most enthusiastic of
uptimsts A prediction. for instance that
there would be an increase for the last
week Of January of p per cent over the
earnings for the same week year ago,
would have been considered foolish few
months ago. The earnings of last year
we're the largest zen record up TO that
time. The seventy-three lines, in all
parts of the country. that have reported
gross earnings for the last week of Jam
uary, show a total OF $l3,26i,6l5 OF this
number five only show decreases in earn
ings and sixty-eight show increases. The
decreases are sIGS36 and the increases
S2.313. 9s5, leaving a balance of increases
for the week in the entire list of s2,2g1 l4s,
or 20.g5 per cent The record for the first
week OF February is also a fine one,
though the list OF railways is not yet near
~ completed, lacking several that have
usually shown large Increases recently. A
total OF fifty mine lines show gross earn
ings of s7a77.257. Five lines show de-
crease of s12, 632, and sixty-four lines show
increases of 81. 072. 500. so that the total in
creases for the entire list was sl.05eso0,
or Il 10 per cent
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18

Southern Railway preferred is considered
one of the bes; securities on the list at its
present price. The earnings of the COM
pany for the present fiscal year will be
wonderful
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18

After drinking one glass Of IIeuricfs Naotzen.
serate or Lager Beer you can't resist drinking
Ueu.ich's beers always. These beers possess win
ming qualities which can only be had from the
hest malt and hops. For bottled beer phone
"a Arlington Bottling Go.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18

A charter has been granted to the
American Auto,arette Company, which
proposes to build and deal in automobiles.
The capital stock is given as $500. 900.
g. C. Staples, of Washington, is the presi-
dent of the company.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18

prices. the big profits already received by
these companies. and the outlook for good
business in the near future may cause the
group to be buoysnt during the coming
week.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18

NEW YORK. Feb. I'LL is announced
all the sugar refneries OF the American
Sugar Refinery Company will reopen on
Monday morning. 'a
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18

There is every reason TO expect the usual
spring advance in prices. Everything in
the outlook fayors such an advance in re-
markable way. There has been no time in
the past year when there were more e1-
tremely satisfactory items in the situation
and fewer disquieting features. The pas
sage Of the Currency bill by the Senate
and the certainty that II will 50 pass the
House. and the news of the British victory
IN South Africa are the new matters, but
they only climax long list Of satisfactory
developments-m cheaper than al any
time before in months. and more plentiful,
dozens Of securities now for the first time
in their history or In recent years paying
dividends other numerous stocks scheduled
TO receive larger dividends. immense in
crease in earnings, both by the railways
and by the steel and iron companies. De-
spite these entirely favorable conditions,
the stock marke, during the past week has
come to halt. Business has been active
al no time. and on several occasions IL has
seemed to cease altogether. Prices after
the quick and important advance OF two
weeks ago have hestated. and in some
cases receded 10 an important way. II is
difficult to account for the market dull
ness satisfactorily. There has been no
heavy liquidation such as many OF the
bears dedcr1Des ana Sucn as VIII occur
when The insiders are ready 10 sell out and
the public are eager TO buy stocks. Neither
have the bears been aggressive in their
selling II has seemed at all times as II
they were afraid 10 venture heavily On the
short side when the supply of stocks is so
small. II is perhaps most reasonable to
suppose that the leaders OF the market do
NOT wish TO see II advance too rapidly, and
therefore cease TO buy securities as soon as
the public begins to get enthusiastic. The
declines OF the past week or more have
been heavy In few specalies, but in the
general list the excellent gains are still
held 10 great extent.
The immediate outlook has much of I'M
certainty. Some brokers in discussing the
situation yesterday expressed the opinion
that there will be decline OF point or
more this week before the advance begins.
They point to the possibility of less easy
money as one OF the things which may cause
temporary success for the bears. Some
thing may depend on the general news be-
fore the opening Of the market tomorrow.
il cannot be doubted that a decisive victory
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18

heard in the street that the entire Wash
ington end of the company is TO be re-
moved TO Philadelphia.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18

Capital Traction declined fractionally
during the early part of the week, but
closed yesterday at about the same level
as on Saturday week ago. 81 "a. There
was some further talk of the probability
of an advance in the dividend rate on the
stock at the end of the present quarter,
and il is said that one or two brokers Of
fer TO buy the dividend at the rate of 50
cents a share, an advance OF > cents from
the regular per cent. Careful enquiry
among the officers of the company indi-
Gates that there is a possibility Of the 4
per cent rate being declared If the earn
ings of the company during the next
month continue to increase, but that no
decision has been reached regarding any
change as yet. II is stated very posi-
lively that no advance will be made un-
less IT is earned, and unless there is the
best outlook for its continuance. Dur
ing the year 1899 ;he earnings fell little
short of 4 per cent
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18

The movement OF the market during the
week is shown in the following table. The
figures given are the closiIs prices yes
terday and those OF Saturday, February 10:
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18

for the british would have a tendency to
cause a boom In prices in the New York
market Whether money is to be less plen-
tiful this week or not there was no sign OF
tigh;ness yesterday. Call loans were Of
fered during the greater part OF the session
at per cent and found no takers.
The bank statement was surprise again
in the amount of its increase OF IONS
Otherwise it was about as expected. show
ing heavy decrease in reserves and loss
of cash for the week. The figures are as
fellows:
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18
1 h,cnEo Grain and rrovn,on Market.

Corrected daily by w. B Hibbs & Co,
members OF the New York Exchange.
1919 + Street
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18

Corrected daily by ". B. Hibbs Co.
members OF the New York Exchange.
1910 II Street
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18

I.anston Monotype has been weak at all
times. the price iuctuating between 10
and IL s-4. which registers decline of
about point from the previous week.
The company gives out no information re-
garding its business. Tia statement is
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18

The Graphophone securities have con-
tinued weak and inactive at II SIS bid for
the common and shade better price for
the preferred. AS stated heretofore in
The Times. the company during the week
issued circular Offering 100000 in 5
per cent twenty year bonds TO stockhold
ers at par and accrued interest The
funds realized from the sale OF the issue
are to be devoted to enlargement of the
business in this country and in Europe,
the policy Of the company, 1t is said, be-
ing to divide all profits among the stock
holders and pay for enlargement OF the
business with new cap tai. The circular
makes the statement that the business
of the company and the profits are in
ereasing steadily and rapidly. Notwith-
standing these assertions, many Wash
ington stockholders have expressed them
selves as uncertain as to the wisdom of
the issue, and it is sand that many of
them will not avail themselves of the
privilege of subscription The old bonds
of the company. of which there are only
500 900. do not command any premium in
the market.
The regular quarterly dividend of 2 per
cent has been declared on Graphophone
common stock. payable March Is. TO
stockholders of record March /.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18

The coal stocks have been strong for a
day or two. on account Of the storm. per
hsps. Laekawanna, especially. has adj
vanced rapidly, and IL closed near the top
price for the week yesterday. II seems
not improbable that tie stifiy upheld coal
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18

MergenthaIer Linotype has sold within
a fraction OF 200 during the entire week.
Sales have been few, bu' the demand for
The stock seems always a trife better
than the supply.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18

The ST Paul statement for the second
week OF February. was received yesterday.
The wonderful record of this system dur
ing the past year was lived up 10 in the
figures. The increase in gross earnings for
the week was $50, 0s3. The increase since
July ] was 81 6el .547. The gross earnings
of the St Paul are now increasing at the
rate of something like s4.250.000 year.
This was practically the gain made last
year also II was somewhat more than
the gain in the year 1ses. 1t will be seen
that If this increase in gross is kept up
by the system land there is nothing surer
in railway earnings, the total gain for
three years will be more than $4,000. 600.
or more than 40 per cent. In 1897 the
gross earnings were nearly $50, 500. 600; in
1898 they were ss4 zoo, 600: in 1890. $685.
$40. 900. and during the present fiscal year
they will probably reach s42 500, 900.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18

Pacific Mail declined yesterday to % 1-2
or within 1-2 of the low price of last De-
cember. The stock did not sell as low
al any other time in 1899. Investment
buying is certain TO be large al this price.
II is known that II the Subsidy bill does
not pass this year it has an excellent
chance next; but better than any Sub
sidy bill prospects are the earnings Of che
company at present. and the outlook for
the future. in the regular legitimate
growth Of the Pacific commerce. With such
a small capitalization the probable rate
az earnings for this COMPANY is immense
The Baltimore and Ohio securities have
heen conspicuous at times during the week
and there are several good reasons for this.
The company made a great statement,
showing earnings at the present time to be
az the rate of something like 10 per cent
on the common stock after the payment OF
4 per cent on the preferred The immense
gains in business and profits made by this
line have been one OF the wonders of the
railway world during the past six month";
Following this statement the directors de
clared dividend at the rate of per cent
on the preferred stock. the first since the
company has been reorganized. II is con-
sidered entirely probable that dividend on
the common will be declared before many
more months have passed. Another bullish
factor In the affairs of this system has been
the gradual development of its control by
the Pennsylvania interests. Mr.. Provost
one of the vice presidents OF the Penn
syiyania system and a close personal and
business friend OF President cassatt. has
been made director Of the Baltimore and
Ohio and a member OF the executive board
The coal stocks have been strong for
day or two on account of the storm Der-
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18

The few adverse factors in the market
during the week have all been such as
should affect only individual securities or
groups Among these may be included the
further disclosures regarding the affairs of
the Third Avenue line and the semi-ofii-
cial announcement that the Pacific Mail
Company will not continue TO pay its divi-
dend. Third Avenue declined several
points in the week and closed yesterday
practically at the bottom price. The same
may be said of Pacific Mail. These two
securities were the only ones in which
there were important declines. There was
a well-defined inclination 10 support Third
Avenue yesterday at 81, and Pacific Mail
at 3e. and it seems not improbable that
both may be advanced this week without
further decline. There are shrewd mar
ket people that believe the developments
in the affairs of the Third Avenue Com
pany-bad as they are--to have been en-
iirely discounted in the tremendous slump
of the past year. 1t is disclosed that the
floating debt is larger than the entire
capitalization of the company, but the de-
cline in the price OF the stock from 2i2
TO sc is two-:hirds or more. 1t cannot be
questioned that the Third Avenue is a
valuable property. and that the capital will
be forthcoming to rehabiiitate it in a short
time.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-02-18

Sales Capital Traction. eOaelSs. Washington
Gas, 500 5S24 and $50 5S%s.
rn,-rpN,,r-N-T poN-Dc