davidaulloa/AmericanStories huggingface dataset:
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-25
WEEKS ENORMOUS TOTAL
Transactions the Largest Recorded
in a Similar Period.
Shares -Yesterday's Bank State
ment Shows an Increase I'm Both
Money and LOans-ReEnrded as a
u1atOrs.

NEW YORK, Nov. 24.--The increase in
banks this week. as shown in today's
statement of averages, is about 100000
more than the known receipts from va
rious sources. In this respect the state
ment was surprise to the street. A
plausible explanation of this circum-
stance is that some of the gold received
two or three weeks ago which did not
show in the bank statements for those
weeks has finally been transferred from
trust companies and other institutions in
which it was temporarily lodged to the
vaults OF the banks.
The increase in loans of something less
than $4,000, coo is now remarkable in view
OF the enormous business transacted on
the stock exchange this week. Indeed,
it is surprising that the increase is SO
small. reasonable Inference is that
large proportion, of the buying of securi-
ties this week has been by actual pur
chasers, who have paid for their stocks
and bonds and taken them out of the
street. The banks now have a fairly large
margin upon which to increase accommo-
dations to their customers if they see
fit to do so, as only about one-third of
the increase in lawful money was requir-
ed as reserve against the larger depos-
its, leaving s4.6eS.00O applicable to sur
plus account and bringing that item up
to $12,27S0 600. The surplus reserve is now
nearly twice as large as it was year
ago. The statement as whole makes
a most satisfactory exhibit.
Prior to the publication of the bank
statement the stock market developed
much firmer tone than prevailed at the
close yesterday, particularly in the rail-
way list. This was partly because many
operators thought prices had reeeded
enough to warrant taking back part of
their stocks in expectation of favorable
showing by the clearing house institu-
lions. There was also a continuation OF
good buying on moderate scale through
commission houses.
The 3on And steel stocks were inclined
to lag until the late trading. the specu-
lation in the entire group being adversely
affected by the stock jobbing operations
of the speculative element in the man
agement of the American Steel and Wire
Company. Following the publication OF
the bank statement the demand for stocks
became more animated and the closing
was in the main strong. The most rote-
worthy trading was in Northern Pacific
common, which was exceptionally strong
throughout: Southern Railway common. in
which there was sudden revival Of spec
ulative interest: Union Pacific common,
Sugar Refining Brooklyn Rapid Transit.
Atchison issues, and the Federal Steel
stocks.
The total transactions this week were
the largest ever recorded in similar
period, being 6,s14 900 sh;res. or an aver
age of 100000 shares :. day. counting
Saturdays business as two-ffths Of the
day The transactions in bonds. although
large, aggregating over 600 par
value, have occasionally been exceeded.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-25

The prosperity Of the banks in general
and the expectations of healthy and ac-
tive business during the winter are indi-
Gated in most convincing way by the
advance in price of the local bank stocks.
There is very little bank stock for sale
anywhere, and transactions are few, but
the bid and asking prices have had an
excellent advance during the past month
or two. One sale of 8 shares of Bank of
Washington was made yesterday at $500
a share. The bid price ON this stock two
weeks ago was $50. Last week 1t was
800. Yesterday the regular bid price was
395 and the asking price 400. The bid on
Central stock is 200, showing an advance
Of points recently. Farmers and Me-
chanics' has advanced from 20 to go
bid since the election. The bid price on
Second National. Columbia. and Lincoln
stocks has gone of siightly during the
week. The bid price on National Safe
Deposit has declined somewhat One sale
was made at 14S and later the price went
of to 143. The bid on Washington Loan
and Trust has advanced from 159 to 1872
Other trust stocks remain at the same
prices.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-25
THE CHICAGO GRAIN MARKET.
Wheat Firm, Closing High, Corn
Continuing Steady.

CHICAGO, Nov. 24.-Wheat was firm,
closing about Csc higher than last night.
IheIocal sentiment was more friendly and
there was some fair buying for that ac-
count. Commission houses were better
buyers than sellers. The strengthening
factor in wheat this week has been the
hardening of the cash article, the discount
on the low grades having been materially
iessened and that of the contract gone to
a premium. Liverpool, Paris, and Ant
werp were unchanged
The corn market has been firm without
much excitement. The trade in November
was very small and was supported by the
operator who has control. The weather
was unfavorable and more snow and rain
are predicted for the West December and
May were firmer on buying by local pro-
Iessionais. There was nothing new TO saw.
Today's receipts, 142 cars. with $40 esti-
mated for Monday.
PROVISIONS had bulge early on buying
led by the prominent bull interests q
good many shorts covering on the adj
vance The improvement was lost ON sell
ing by packers and realizing by the De-
cember lard longs. The cash trade has
fallen on somewhat and the demand for
lard is not so good as it was. Estimated
for Monday. Al 900 hogs; for next weel
200, oe0. "eA'
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-25

now a trifle above that of a week ago.
An application has been made by the
company to list the bonds on the New
York Exchange. There is much surmise
as to what this move may mean and by
some it is connected with the rumors
afoat recently that the syndicate will
soon begin the work of reorganization SO
long poStpoued
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-25

Some local investors and spectators
have been inclined to look for some con-
nection between this promised consolida-
ton and the recent drop in the price of
City and Suburban stock. Quite block
of City and Suburban was thrown on the
market during the week at 20. decline
of SIS share since the last sale of the
stock. 1t is sugges ed that the syndicate
may not be disposed to deal very liber-
ali. with the minority holders of this
stock under the reorganization.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-25

Business on the local stock exchange
during the past week has been fairly ac-
tive, but not up to the record of other
previous weeks. 1t has been noticeable.
however, that the interest has been rather
more diversified than heretofore. There
has been trading in Lanston and the
Graphophone stocks in addition to the
usual-interest in Capital Traction and
Mergenthaler Capital Traction bonds
have been in demand ami the price has
stffened in Washington Traction and
Electric bonds. sale of bank stock was
made yesterday. a somewhat unusual oc-
currence, and there have been sales in
some of the trust stocks. Gas has been
traded in though not heavily. Two or
three blocks of City and Suburban stock
have been thrown on the market. Prices
have fuctuated little. There is an album
dance of funds for investment in the hands
of the brokers, but as usual thing they
have been instructed to wait a little in
the hope that prices may go off. 1t is a
hope that seems hardly likely to be real
lied with money SO cheap and the outlook
SO good for business this winter.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-25

ing OF securities has continued in large
volume during the entire three days of
the decline. This means that stocks have
been taken out of the market, and it Is
another warning to the shorts that they
should be very wary in selling what they
have not
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-25

"A man of words and not OF deeds is like N
garden full Of weeds" After You once taste
Hcurich's beers you will keep your word and never
drink any other beer. Maerzen. Senate and Lager
are winning beverages, and have the reputation Of
being the purest and best Of all beers. Order a
case by phoning GSi. Arlington Bottling Co. or
call for Herrichs at all leading hotels and restau-
rants. and you will be agrccably surprised at the
pure qualities Of Washington's most popular bcy.
erage.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-25

sales-National Bank of Washington: So
400; Mergenthaler Linotype: 3@193 1-2, So
1872; Lanston Monotype: 1904 1-2. 100
II "a. After call-Capital Traction: 100
100 Is; Capital Traction As: sS.500@
log rs; Mergenthaler Linotype: 5G191.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-25

been taken out of the market and it Is
another warning to the shorts that they
should be very wary in selling what they
have not.
Outside general business conditions are
improving every week. The trade reviews
yesterday were almost uniformly of an
encouraging nature. The steel trade is
brisker and prices are stiffening. There
is little further talk of the price of rails
being too high. This means that the steel
companies will have several millions of
dollars of profits this year on this one
item. Bank clearings are immense-be-
yond those of any previous year. Rail-
ways earnings, with few exceptions, make
a fine showing. The industrials companies
promise excellent reports for the year, and
there is every reason to believe that
their promises will be fulfilled. And SO
the record might be extended Indefinitely.
1t should be borne in mind in consid-
ering the current gross earnings reports of
the railways and their comparison with
those of last year, that the earnings OF 1899
were far in excess of any other year in
railway history. When each week makes an
increase, therefore although it be a very
small one there is reason for entire sat-
isfaction on the part of stockholders. The
railways of the country at present, with
few exceptions. are earning their interest
charges, their dividends on preferred
stocks. their dividends on common stocks,
and showing a good surplus for better
ments and new construction. Compared
with the period only a few wears ago,
when so MANY of The systems were forced
into the hands of receivers because Of in
ability to meet the interest charges. This
is certainly a marvellous record. II is
one tn cause bipb nr;res in railway So
curities generaIly and If cannot he Doubt
ed that the best prices for twenty wears
will be the result during the coming six
months In some instances of course.
prices are already higher than ever before.
but in others. where all conditions are
favorable. the price level is even below
that of 1892
Tho grocc aorn;pgs Of 60 lines Cor tho
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-25

The traction securities have been among
the most interesting on the list. The
street is full OF talk regarding them, and
it is not to be doubted that there is some
basis of fact for the many rumors. The
latest suggestion is that the Metropolitan
people intend to lease the Manhattan and
secure enough stock in the Brooklyn to
control it. There is the best of reason for
believing that already there is that "mu-
tuality Of ownership among the three
lines that has become SO popular among
the great Eastern railway systems. Big
earnings on all these lines offer a per-
fectly tangible bull argument for those
that prefer not to buy on rumors until
they reach the confirmation stage.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-25

Financial and business men generally
have been much interested in this new
trust company. which many believed was
entering a field already fully occupied
when the plan was proposed somewhat
over year ago. The end of the first
years business is near at hand and there
are many enquiries as to its results. 1t
may be stated on the authority of one of
the chief officers of the company that the
year will show loss. This, however.
is not in the least surprising and does
not give the directors any concern. No
branch of the company's many prospec-
tive avenues of activity, except the stOr-
age warehouses, is yet in operation. The
trust business and the banking depart
ment have not yet been opened and the
safe deposit business is still thing Of
the future. All of these branches will
begin operations when the new building
is opened. It is stated. however, that the
warehouse business demonstrates
very clearly already that there is good
field for it.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-25

Corrected daily by W B. Hibhs & Co., mem.
bers OF the New York Stock Exchange. la19
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-25

There has been good reaction in the
market during the past three days. 1t has
extended from two to eight points and has
left no part of the list unaffected. 1t may
be said to have lasted until the close yes
terday, although there was some little
Strengthening Of the tone during the last
few minutes OF the session. Conservative
people are OF different opinions as TO the
outlook for this week. Many careful read
ers OF the market believe that the shaking
out has extended far enough and that the
buying tomorrow viii be sufficient to more
than offset the selling of the frightened
little people and the short selling 9th
ers look for another day or two Of declines
before there is any recovery. There is
another class that talks of the end of the
boom having arrived and of downward
movement as important as the advance
has been, but neither general nor techni-
cal conditions seem to warrant this pes
simistic view OF the situation II is prob
able that there will be higher prices than
any yet reached before the end of the
present month, and that no large break
will occur until after the converting of
Congress.
The reasons that suggest this conclusion
nave been mentioned heretofore but the
past few days made them even more con-
vincing II possible. The bank statement
yesterday. for instance, is all but a posi-
tive promise that there will be no tight
money for some weeks to come at least
1t Is one Of the best statements Of recent
months and better than any since the turn
in the money situation came. The figures
are as follows:
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-25

The coalers have been the most disap-
pointing group in the list. Reading first
preferred has refused to take any consid-
cradle part in the recent boom, and this
week it has declined.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-25

Chicago Grain and Provision Markc,
Corrected daily by W. d. Hibbs & Co.. mem.
s Sers OF the New York Stock Exchange. 1919
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-25

1t will be seen that despite the large
increase in loans the deposits were so
heavy that the surplus reserve is in
creased more .han s4,600,000. The cash
holdings OF the banks have increased more
than in any one week before this year, IL
Is said. This. with the 21-2 to per cent
call loan rates that have prevailed during
the week, is potent argument against
the selling OF stocks short. and 1t is likely
to be effective with shrewd people. 1t is
noticeable. too. that the Investment buy
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-25

A meeting Of parties interested in the
Lanston Monotype Company is said to
have been arranged for tomorrow in New
York. The friends of the company here
say that plans of Importance for the push
ing of the machine will be discussed. This
talk is probably responsible for cOnsidera-
BILE activity and for an advance in the
price of Lanston stock during the week,
practically the only advance in the list.
The bid price a week ago was IL IL and
it was offered freely at -. Since that
time the price has gone up steadily to
above IA, several lots having been, sold
between that price and 10. The stock has
many friends but it has enemies also. The
bears state their belief that there will be
no permanent advance in the price until
the company begins to sell its machines
on a larger scale. They speak of it as
"a company that has been in existence fif-
teen years with no business except the
sale of its capital stock and it's patent
rights
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-25

The two new bank buildings are near
ing completion. The Union Trust and
Storage Company expects to transfer its
offices at the beginning of the year. Its
new building on Street, west Of Four
teenth, is practically completed. as to
the walls and exterior, and work is well
advanced on the big safe deposit vaults.
The Riggs Bank building exterior is also
practically finished. but the interior is
not so far advanced, and 1t is not expect
ed that the bank will be able to move
until spring The storage warehouses Of
the Union Trust and Storage Company are
also going up rapidly. One building. 80
by 300 feet, fronting the long way on the
Baltimore and Ohio tracks, has been
completed and in use for some weeks.
Officers of the company report that it has
been filed with merchandise continuously
and that there is heavy demand for the
other buildings not yet completed. The
second building will be 125 by 300 feet
and one story high, like the first. This
will be ready for occupancy in week or
two. The chief structure Of the company
is we'll under way, but will not be ready
for two or three months. 1t will be a
nine-story building 100 by 100 feet, and
will cost $4,000
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-25

At meeting of the board of directors of
the Graphophone Company held in New
York during the week the following named
officers were elected for the ensuing year:
President. Edward d. Easton: Vice Presi-
dent. Meryin Z. Lyle; Treasurer, William
II. Smith: Secretary, Thomas L. Goodwin.
Advance sheets from the regular annual
report now in course of preparation were
presented. The announcement is sent out
officially that the report shows the best
year in the companys history, both in
the volume of business and in the net
profits. This statement will do much to
raise the hopes of Washington holders of
the stock of the company, who have been
somewhat depressed of late by contin-
ual dribhling of the stock onto the market
from some source and consequent steady
decline in the price. 1t is understood that
a number of these local stockholders sent
4 letter to the company during the week
asking for statement regarding the af-
fairs of the company. and this assurance
from headquarters may perhaps be con-
sidered reply to this letter. 1t is UNDER
stood that the annual report will be a
fuller and more satisfactory one in every
way than that issued last year, which
really gave stockholders no definite in
formation as to net earnings.
The Washington Traction and Electric
bonds have not been actively dealt in,
but the price has ceased to decline for
the time being, at IT, nd the bid is
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-25

the directors to decide. The reports that
the American Steel and Wire Company
has purchased or contemplates purchasing
the control or interest in either the Ten
nessee Coal and Iron Company or the
Alabama Steel and Wire Company are un-
true and unfounded'
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-25

Sugar at one time during the week prom
ised to become active after its old time
fashion, but cut in the price of refined
sugar made by the Arbuckles, perhaps for
this express purpose, caused the bulls to
cease their efforts. The bears attacked the
stock on Friday and yesterday, with the
result that the price declined to 1872 L.
Friends of the stock have not yet given up
their belief that it will have good adj
vance before the bull movement ends.
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-25
BANKERS AND BUSINESS MEN.
Matter" of Interest in the Financial
and Investment World.


C. ]. Bell, President of the American
Security and Trust Company. said yes
terday regarding the local business situa-
ton: Money is very plentiful, and there
is little demand for it, comparatively
speaking, A flood Of investment funds
has appeared since the election, and there
is n competition among the investors to
place it advantageously rather than
competition for money anywhere. The
number of scattering smaller sums vary
ing from $1,000 to $4,000 seeking invest
ment is a remarkable and significant fea-
ture. The holders wished to see how the
election would go. They waited longer
than the large capitalists who bought Sc
curities in volume during the low price
period Of the early autumn. and as ie-
suit they now have to pay higher prices
or wait again in the hope Of a recession.
Investments are chiefly in bonds and to
a lesser extent in local stocks. There Is
not yet much activity IN realty. The
business, situation is excellent, however,
and it is entirely probable that interest in
real estate will revive later in the year.
Realty loans are being made on IL
and 5 per cent interest basis. The in
terest rate on collateral loans is 4 to s
per cent"
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-25

Another prominent banker said on the
same subject: There is hardly the Usual
demand for money. All the large banks
and trust companies are Offering their
regular customers money at per cent on
prime collateral security. From inciden-
tai customers 5 per cent is obtained. For
a few weeks prior to the election some
loans which had been running at per
cent were marked up to 5 per cent. The
election being over, generally speaking
these rates were all marked down to 4
per cent again. At the moment there Is
not any particular speculation in WASH
ington Stock Exchange securities. Such
transactions as have been made this week
in the standard securities have been for
the most part for investors with the cash.
at has been for long time fashion
able adage that money rates stiffen
around the list of January, but this is
quite an exploded theory, except in so
far as the New York money spectators
sometimes mark rates up fctitiously at
that time of the year. This, of course.
is circumstance which has nothing
whatever to do with local conditions, and
l do not expect much If any higher rates
this winter"
The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-25

The railway stocks make a better show
ing than the industrials, majority OF the
railways. in fact, having made small net
gains for the week, while the industrials
almost without exception have declined.
The Lamar register., 1900-08-22
ingredients of Toilet soap.

The basis of the better qualities of
toilet soap is generally curd or yellow
soap. in the making OF which special
precautions are taken to insure alb
sence OF free alkali. This is most i'm
portant. as otherwise the soap would
be altogether unsuitable for toilet pur-
poses. the free alkali being injurious
to the skin. This Is the reason why SO
many of the cheaper laundry soaps
produce chapped hands and similar
results when used for toilet purposes.
II. on the other hand. there Is an ex
cess of fat. the soap is greasy and does
not possess the cleansing properties a
good soap should. A laundry soap may
be made without much difficulty by
an amateur. but it is better to buy
whatever toilet soap is required, for
the reasons stated, and also because
special apparatus is required to make
a soap OF first class quality.
The Lamar register., 1900-08-22
Cheap Railway Fare.

The cheapest railway rate next to a
pass is the emigrant fare from Eu-
ropean Russia to Siberia. In order to
induce peasants to settle in the east
ern districts OF Siberia the Russian
railways have issued tickets, good for
a family of any size, from any part of
European Russia to Tobolsk, at two
rubles. From Tobolsk to any part
east as far as Vladivostok or Port Ar
thur the price is four and half ru-
bles. Hence, for not quite seven ru-
bles, or about $3.50. whole settlers
family can travel about 1000 miles.
This arrangement has been made upon
the personal suggestion of the car.
who expects great results from the eX-
traordinary Inducements. Moreover.
he hopes by this scheme TO divert the
stream of emigrants from the United
States and to utilize these forces for
his own vast empire.