davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-10-14

c. G. SLOAN & CO., AUCTIoNEERs, 14o7 ST.
A FINE ASSORTMENT OF STAPLE AND FANCY
GROCERIES; LIQUORS, CIGARS AND TO
bACCO, TENS AND COFFEES. SHELF
GOODS. ETC, AT AUCTION. BEING THE
ENIIRE STOCK OF THE WELL-kNOwN
OF TWELFTH AND STREETS NORTH
WEST. ESTABLISHED AID 1850
Owing to the owners retirement from busincs,
We will sell, at public auction lin lots to suit on
WEDNESDAY. OCTOBER FIFTEENTH, 1902 AT
Ten AN. the entire stock of the above estab.
Ilshment all fresh. clean and high grade goods,
such
Staple and Fancy Canned Goods. Spices Oils
Sardines, Pickles, Dressings, JeIes Teas, CofTees
Chocolates, Cocoas. Baking Powders Candies Corn
Starch. Flour, Cereals. Soaps Brushes, Paper,
Large Refrigerator, Scales, Show Cases, Cracker
Case, Coffee Mill, etc. etc, etc
ALSO
Fine Whisktes such Wilson, Old Valley etc :;
Champagne Sherry and Port Wines Gin and
Brandy Imported Ale and Porter. Ginger Ale etc.
VIII be first offered a whole with licenses
lease, good will and fixtures and II not thus sold
will then be put up in detail
Terms cash. Store for rent
ocs-dts c. G. SLOAN & CO.. Auctioneers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-10-14
FALL AND WINTER RESORTS
ATLANTIC CITY. N. j.
MARLBOROUGH HOUSE

se26-7St.4 s. s. PHOEBUS
MARLBOROUGH HOUSE
STONE. IRON AND SLATE CONSTRUCTION.
Remains open all the year Built, furnished and
conducted on plane equal to that Of the best city
hotels. Central location, with entire block on
the ocean front ard 600 feet the Park. Lux
uriousiy equipped and perfectly heated with spe-
c1al view to catering TO the winter trade hereto
fore found at Lakewood and in Florida Its weekly
concerts OF highest grade music will continue
throughout the yea. Telephone service In each
room. connects also with city system. Each pri-
vate bath is supplied with hot and cold water
ana fresh water. Hot and cold fresh water In $50
guest rooms. Special suites, with private service
ana an dining room, are features: Golf privileges.
write for Illustrated booklet and rates.
se24-S3t 20 JOSIAH WHITE 4 SONS
Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-10-14
BoARp1Na-our OF TOWN.

AN ATTRACTIVE AND REFINED HOME FOR
three ladies'; opportunity for special study II de-
sired Fer particulars address Miss LOUISE
CoMEGYS BOYER. so6 West 102d ST.. Riv-
ersfde Drive. New York. N. Y ocl-S2ts
Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-10-14
COUNTRY BOARD.

WANTED-SEyERAL LADY BoARDERS; SIS A
month. by small family adults, In comfortable
country home, for fall winter and spring. II.
I. LEA. Brnklow P. o.. Montgomery county. Nd.
oc11-3ts
Evening star. [volume] (Washington, D.C.) 1854-1972, 1902-10-14
JAMES w. RATCLIFFE. Auc1IoNEER

TRUSTEES.
JAMES W. RADCLIFFE, Auctioneer. oc10-d&
The Washington times., 1902-08-31
THE CHICAGO GRAIN MARKET

CHICAGO. Aug. 30.-EarIy trading In
grains TODAY was Of the usual Saturday
c-dor-light business and mostly o. an
eyenlng-up nature for The double holi-
day over Sunday and Labor Dag. Con,
diiions favored buying, cold weather stiII
prevailing in the extreme Northwest
end showers having fallen over most c.
the spring harvest country during the
night. September wheat started un-
changed 80 1.c up at 7g3sc and. after
ceiling a. 7G7s, eased back 20 7o2tI The
fact that this was the last day before
beginning September deliveries seemed
10 have no eject. and the bueaboo Of
heavy short interests apparently had
been dismissed. = drop Of Sc il TWO
DAYS in the Paris market had no effect.
Other cables were Indifferent. There
was some small buying in December. and
that option. starting unchanged at i7l-c.
sold TO 67@sc. Local receipts We're 22i
cars. three Of contract grade. Mime
apoiis and Duluth reported 267 cars,
making Il total fer the three points OF
5gi ears. against 4SG las: week
Corn had much better weather in its
important States. but there was still
some fear that the cold weather might
drop down on the unripened crop. Re
ceipts were stlll small. Outside OF
little demand for December, the early
trade was DUH and fcatureless Sep
tcmber opened isc to &c down. at sc TO
5G7sc. advanced to $3.50 ana dipped to
5G&ic. December started unchanged at
42@sc, and sold between 42iaM i2Ic and
i2Ac. Receipts were 81 cars. - Of con-
tract grade.
Tho foIIoy-irf, aro Tho ,r,ot.tio,,...
The Washington times., 1902-08-31
NEW YORK BANK STATEMENT.

NEW YORK. Aug. SO-The bank
statement today proved to be much
more favorable than had been expected
or. to put It in another way. 1t was far
less unfavorable than had been fore
shadowcd. The surplus reserve was
practically unchanged. showing a de
crease OF only $5T5. and it now stands.
therefore. at So.T42215. The cash. in
stead of showing decrease Of about
Sc 900 600. as had been prophesied. only
declined 50 .GGS coo he specie being de-
creased Si.i35. 200. aud the legal tenders
increased 81. .oGG. 500. The loans de-
creased SS.G4T.900 anA the deposits
showed q decrease OF SEPT 800, with
the result that the surplus reserve re
maiued practically the same as last
week The decrease i'm loans was rn-
doubtcdly due TO the transfer OF loans
to trust conn anies and country banks
outside Of the Clearing House Associa-
tion. the difference between that
amount and the total decrease OF do
posits being accounted for by the loss
in specie, which was the result Of
transfers OF cash through the subtreaa-
rry and directly to he South.
The statement OF the condition Of the
associated banks for the week ended
today showed the following changes in
the various items: Surplus reserve de-
creared S57J. loans decreased IS ,647 800.
creased "a $500 and legal tenders in
creased 81 O6G, 500, circulation increased
s go, 200
- - "a
The Washington times., 1902-08-31
BANANAS GLUT MARKETS.

In order TO keep up the price of ba-
nanas In the United States by limiting
importation fruit purchasers have found
it necessary to destroy large quantities
in the country Of production.
Ir Honduras. for instance, United
States Consul Alger reports that in his
district in the month OF July 10000
punches OF bananas We're shipped to
New Orleans and Mobile. while 10000
were paid for and destroyed by the con-
tractors Enough fruit was lost through
failure to find purchasers TO bring the
total production in that district up to
300 900 punches.
This yield will be nearly doubled next
year when the new plantations come into
production.
The Washington times., 1902-08-31
COMMERCIAL FAILURES.

Commercial failures thus far reported
for August to Duns show liabilities of
s1.04367l. against sS.e4S,lS4 year ago.
Failures for the week in the United
States were la, against 20I the previous
week, l9G two weeks ago, and 2G2 the
corresponding week last year, and in
Canada IA. against 30 the preceding
week. 81 the week before. and 81 last
year.
OF the failures last week in the United
States 80 we're in the East, 81 South. A
West. and 81 in the Pacific States. and
IL reported liabilities of $1,000 or more
The Washington times., 1902-08-31
FINANCIAL.
1.-The Transportation King Of
The Metropolis.

Nailed free and written in your interests We
are issuing. from. time to tune. IN a series oi
special Letters 10 10 letters. analyzi1g and
reviewing special stocks which, at the I'M
mediate time of issuance Of our letter. looks
as II good profits could be secured by prompt
action. We issue these letters in the interest
Of Our clients and customers Their accuracy
and tine extreme care taken in their ccmpila-
tion has been most favOrably commented upon.
1t will pay YOU to send for them Our next
special Letter will be issued on Tuesday.
September > under caption The TranSpcrta-
tion King of the Metropolis.
4 resume and history Of the elevated system
of New York its recent change 10 electricity
as motive power. the wonderful Development
and increase Of its business together with 4ts
market prospects and possibilities for the I'M
mediate future. send for i.
The Washington times., 1902-08-31
HOLIDAY ON 'CHANGE.

The local stock exchange took a holi-
day yesterday with all the other ex-
changes of the country. The exchange
will be closed tomorrow also. an ad-
joulnment having been taken over from
Friday until Tuesday for Labor Day.
The Washington times., 1902-08-31
MARKETS STRENGTH
AIDS CONFIDENCE

10 furnish The requisite security. II
goes without saying that the banks
which receive public funds had rather
use any new bonds they may collect to
secure additional deposits than to pro
vide for additional note circulation.
In lending Government moneys which
require no interest to be paid everything
is clear profit, whereas from an equal
gross profit from note issue must be
subtracted the circulation TAX. the cN-
pcnses Of printing the notes. EXPIRES ge
and one or two other minor charges
We would be inclined TO say, therefore.
that II it were left TO tha desire of the
banks. augmentation Of the public de-
post fund rather than enlargement Of
bank currency would he the main form
of money market relief this autumn.
Would Try His Plan First.
But Secretary Shaw in urging so
strongly upon the banks he adyisabiliy
OF increasing their note issue has left
room for doubt whether he would not in
the end insist that This be done before
The Government deposit expansion were
tried
If it is true, as common report has T..
that some twenty-old millions Of Gov
eminent securities have already been
collected for The purposes described. it
certainly Will be great help TO the
money situation during the next few
months. An increase In circulating
notes would mean that he New York
banks would pay ont this new currency
for all local demands. and SO keep all
the specie and legal tenders TO forward
to the interior. There is little doubt
that ultimately this would have the
same effect as so much direct addition
10 local bank reserves 1t must he OBJ
served. of course, that Irrespective OF
the question whether these several ageu-
cies OF relief VIII be effective in the end.
none Of Them will be put in operation
until money rates are We'll above the
existing level.
Neither advances OF foreign capital
nor enlargement of bank circulation nor
extraordinary Treasury action would
be induced while call money ruled at 4
and ) per cent. The stock market may
be in a strong enough position not TO
finch at the spectacle OF rising money
rates and sinking bank reserves In view
Of the assurances of ultimate relief II
Will doubtless soon be put 10 the test.
But in the meantime all outward in
dications suggest the comment which
has been made so frequently during the
with a market which owns no rule nor
precedent and has attempted to cut
loose entirely from the past.
The Washington times., 1902-08-31
Weeks Range Of Prices.

NEW YORK, Aug. 3O.-Thc following
table gives the highest. lowest. and last
prices and net changes for the week
ending Friday:
The Washington times., 1902-08-31
HENRY CEEWS' WEEKLY
FINANCIAL REPORT
Crops the Controlling E Ee-
maDt at Present Time.
WEST TO ENJOY PROSPERITY
Monetary Situation an Obstacle to Ex-
treme Bull Market-Irdustriai Show
Signs of Eeglect-Railroads Continue
to Make Coed Returns.

Henry CIews. in his weekly financial
review. says
The stock market has been dominated
by series Of somewhat conflicting in
huences. such as good cr0rs, the coal
strike. monetary restrictions. reduction
Of Readirg and Southern dividends an!
The manipulation of special,ies by a few
powerful operators. \ strong under
tone prevailed and real courageous
lear On the situation it is impossible
TO find; but thus far there are no signs
Of genuine activity on the part Of those
best able TO lead bail market and
likely to command a public following
The Washington times., 1902-08-31
Washington Grain Market.

Quoted iy 5. $. naish d Sons. propr;etors
Washington Grain Elevators.
Mixed oats, yer hu-hol...................2 .25.53G
White oats. per uushcl. .3sa3,
Clipped white oats. per nu>hci...........3n .3nm4o
~bullrd corn. yrllpU, per hushol....... .GIaCG
lar corn. per burcl.................S3 40g,3.-4
Bran per ton. ..-................Sl7.t1 : .t1a lT.lH
Cut hay per ton ..................SiG.J no. JDG Il %
Rye straw, per Recommendation -cpn lao
Nhrat straw, pc, tun................S1.T .TJsf1.i0
yellow meal. per bushcl. .GjdGG
Cracked corn, per hushli-...........-....e6 .e6aG7
White meal ne. b,-hrl ........ -ti-at -
No. I long hat. prr sl6.5na I5.rp
The Washington times., 1902-08-31
CAPITAL LOAN GUARANTEE CO.,
LOANS OF $40

AND UPWARD on FURNITURE AND
PIANOS, at lowest rates and on the day you
apply. We are loaniug the Building and
Loan Association plan. which makes the cost
of carrying loans much less than you pay else
where and allows you to pay it off in any
sized notes you desire, running from one to
twelve months. II you have loan with some
other company We will pay it of and advance
you mere money if desired. Rates cheerfuly
given, and no cost 10 you unless loan is made.
Call AID get rates. Front room, first floor.
NATIONAL MORTGAGE LOAN CO.,
625 ST. y. ".
The Washington times., 1902-08-31
Money Loaned salaried People,

Retail merchants teamstcrs boarding houses.
without security; largest busiHess in % prin-
oipal cities. TuLMAN, Room l0l, 5Sa 18th st.
NV nlf-U
The Washington times., 1902-08-31
LOAN COMPANIES.
PRIVATE LOANS

On personal notes without indorscr references,
or security, simply your promise TO pay. our
rev plln enables everyone TO secure ready cash
at once without inconvenience or delay. Our
method OF conducting loan business Is baaed
the word Confidence more than on Sc
curity." ! gu have our confidence; have your
confidence. You need money; We have money
We don't need. When you fail to get accom-
nodated elsewhere. call on US and you will no:
be disappointed Ii you have Il loan now it
will not prevent you from securing further ac-
commodation from the old reliable
CAPITAL LOAN GUARANTEE CO.,
COZ T St. II. W.
Phone. East 205. Corner Sixth St.
iu27-tf
The Washington times., 1902-08-31
MONEY TO LOAN.

$500. $500. 500 TO LOAN; rea: estate. II. D.
GORDON. lawyer. cI5 lith st. nv. esd
MONEY To LOAN at 3I2 to ) per cent. in sums
of II coo to $1,000. ON d. {. real estate; pay
off 3 and per cent mortgage and begin anew;
all transactions conducted with economical cor
sideration for borrowers. WM. H. SAUNDERS
AZ co 1907 st. NV.
The Washington times., 1902-08-31
A Word of Warning.

There is no purpose in recalling this
experience except by way Of warning
that the banking community are apt 20
look more complacently upon tempo
rary exhaustion OF surplus reserves than
the stock exchange can afford TO do.
Generally the present situStion is alto
gether different from the one in 1899.
There has been no such imitation as &c
Cured at that time in the overcapi-
talized issues Of the new industrial com
panies.
The basis OF the recent advance in the
higher class railroad shares has beer
immeasGrably sounder. and conditions
both economic and political are i'm
mensely more favorable. What this
week speculative operations, however,
have seemed to ask is not so much
whether money developments will pro-
duce decline in prices as whether they
VIII interfere with further rise. The
question must be answered first BY
asking another question
Can outside assistance be obtained
freely enough for the money market 10
offset the normal Crop-movinE demands
and provide at the same time for active
speculative borrowing? As already in
dicated the mos, likely ways in which
aid may be given from the outside are.
First. through advances OF capital from
the European markets. second. through
increase on the lines suggested This
week in bank note issues. and third.
through the cooperation Of the Treas
ury in enlarg.ng Government deposits
with the banks.
The Washington times., 1902-08-31
Part OF European Credits.

The active part which European
credits have played in our financial
movement Of the past year is already 80
familiar that no explanation is needed
as 10 how this game influence would
work in the future. Il is conceivable,
o: course. that with heavy exports Of
grain and COTTON 10 make large quanti-
ties Of exchange ard with the drawiEcs
OF what ara known as finance bills il
addition. sterling rates may be de
pressed 10 The import point. and consi4-
erable transfers OF gold may be made
from abroad
The exchange market undoubtedly
has given some signs OF approa, AinE
such a condition during the past Week.
As for the other Two forms Of relief
the extra bank note issues and the in
crease OF Government deposits-the ef-
iciency of both depends upon the doubt
fyl point whether Government bonds
eau be procured al large enough amount
The Washington times., 1902-08-31
Wall Street Less Worried
Over the Autumn
Money Supply,
WARNING FROM THE PAST
Situation in 1899 Very Similar in Its
Aspects to That Now Confronting FL
nancial WOrld-EFects Of Various Re
lief Schemes.

NEW YORK. Aug. 3O.-The strength
shown by he stock market this week
has apparently given Wall Street more
confidence to face the question Of the
autumn money supply. There are also
other and more substantial developments
which have contributed toward the more
hopeful feeling.
The proposal OF the Secretary Of the
Treasury for extra note circulation is
one Of them. and the further decline in
the foreign exchange market. suggesting
future imports OF gold, is another. Post
ponins discussion upon these matters
for the moment, it is obvious that the
action Of the current market is open TO
TWO differen. interpretations
The larger bodies Of operators who
hold the stocts either have made up
their minds that the money position is
not going to give any serious trouble or
else they are resolved 20 carry cn their
manipulation and get rid of as much OF
their load as they can while money rates
are still low and while some surplus
remains in the banks II the first ex-
planation is correct, then We may as
sumo that the leading market interests
are prepared 10 protect their holdings
and guard agains; any severe decline
provided the money stringency is only
temporary.
II the second explanation is the true
one, and the large speculators are ex-
posed to the danger OF a sudden recall
of credits. then the present condition is
unsafe, at least fer people with small
means.
The Washington times., 1902-08-31
Railroads Doing Well.

Railroads are still making handsome
returns. but it should be remembered
that this is more due 10 increased rates
then to an increase of tonnage and that
increased cost Of operating is likely to
make an inrcad upon earnings.
The effect Of the coal strike upon the
railroads also deserves watching when
the reports Of the Coalers are issued.
u good deal Of interest It attached
to the continuance OF the Reading ana
Southern voting trusts b. keeping down
dividends Apparently this was more
due 10 some Interior plans than to fnan-
cial necessities. The bankers who have
nodded the destiuios Of tho properties
are not yet prepared to lose control.
The next six months may witness same
highly interesting Developments in Wall
Street"
The Washington times., 1902-08-31
A Similar Case.

means.
A Similar Case.
similar perplexity confronted the
financial community at the end of the
summer OF 1899. There was. moreover,
some similarity in the way the outlook
was regarded in current discussion
Banking Representatives. then as now
seemed to think it OF great Importance
that the decline in bank reserves had
brought TO a2preciable rise in money
rates, and there were the same solemn
assurances that The leading interests
in the money market felt no uneasiness
and would be able to handle the stu
alton" all right ii trouble were threat
ened
We also heard the same talk that we
are hearing now about the West and
South having abundance Of funds 10
handle the crops without drawing heay-
lily on their Eastern deposits. Every
body remembers how well these state
ments were veriied. The Western drain
began on time in September, money
rates rose violently. and surplus re-
serves were wiped out entirely
The banks. in order 10 protect them
selves and keep reserves up TO legal
requirements. had TO curtail their loans
heavily, ard these loans. being with
drawn, as usual. from speculative Gus
tome s, neccssilated extensive liquida-
tion on the stock exchange.
II is true that the money panic" in
December OF that year was due chiefly
to the complication oil the South African
war, which in the latter half OF the
month compelled our hard pressed
market 10 serd out si5.C00G6O OF gold
But even before this occurrence tho
stock market had passed through a
period OF considerable disturbance. FOR
which home conditions wore ent.relE re-
The Washington times., 1902-08-31
WE WILL LEND YOU MONEY
WE Do MOI CARE

who YOU owe; we will pay them of and ad-
vance YOU mere money. Come 10 see US. Low
rates. Monthly payments.
DISTRICT LOAN & TRUST CO.,
u
The Washington times., 1902-08-31
Market Picking Up.

with the return of many wealthy
men from vacations there is naturally i
growing activity; and while stocks are
so tenaciously held it IS comparatively
easy for those with sufficient backing 20
mark up their favorites few points or
even to record breaking prices. Such
operations. however, create little ell
thusiasm; they serve rather to create
distrust because OF their evident arti-
fetal character.
The controlling element In the stu
alton IS. OF course, the crops While
the outlook in this respect is less brill
liant than a month ago. II is neverthe-
les certain that we shall have large
crops OF wheat. corn. oats and hay This
means hat The West will enjoy season
OF unusual prosperity. Cotton mas de-
olined considerably in condition. but tho
yield still promises to be larger than
last year
The monetary situation is still the
CHIEF obstacle to an extreme bull mar
ket. and is likely to remain so until
crop demands have been satisfied
The Washington times., 1902-08-31
Ciiques at Work.

The Immediate prospect is for a good
trading market. Transactions are stead
ily widening, especially in the lower
priced issues. and the various cliuues
seem bent on keeping their special;ies
before public attention.
The best class Of railroad stocks are
tco high and TOO closely held tor orli-
nary speculative purposes. Moreover
they are entirely influenced by deals and
negotiations about which the outsider
can be sure of nothing until the event
mas been fully discounted.
The industrials are also compara
lively neglected. and wisely So for an
increasing number show diminished
profits, owing TO the rise in ages and
Tie cost Of doing business. There is
little chance Of a successful boom in
the indus;rials IN spite of prosperity.
The Washington times., 1902-08-31
Growth in Credit Abroad.

The principal relief in sight is in
enlarging cur credit abroad, which is
being steadily done; or in liquidation
sums have been temporarily locked up.
1t Is peri actly sound inference, there
fore. that the real market leaders viii
postpone any aggressive tactics until
the monetary situation improves.
There are several very bullish cliqles
in the market, but their leadership does
not seem TO attract a large following.
Even prosperity brings its dangers,
chief OF these being jealous specu-
lation and unsound fnauciug FOR which
tb.ra Sc Mood NJ restraint
The Washington times., 1902-08-31

Wells Fargo Eyp-251 2i9 25l II [
West Union TEL 97H 9i2s 9ji2 - p |
Westinghouse EI..2eSA 22o1s 22S g
Wcsting. FL. 1st Df.22o 227 go Il
Wheeling < L. E.. 2Si- 27I . =
VII. /. Z. lst pf. G51s 63ia 65i4 q /
VII. d Z. e. j pr. Al. io52 ili2 - 2 /.
Wisconsin Cent. S02s % a0ls z
Wis Central rf.... j75s J31a 55Ie IL. /
Advance. Decline. yEX-dividend. I