davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1902-07-06
STOCK EXCHANGE CLOSED.
Holiday Taken in New York From July
Until Tomorrow.

NEW YORK, July 5.-The stock ex-
change remained closed today. the gov
ernors having decided that i three days
holiday. from July 3 until tomorrow,
should be taken.
The other exchanges throughout the
city and the country have observed the
same rule. The number of half-week
holidays this year is exceptional
London cabled steady closing for
American shares, but the dealings there
were conducted on a nominal basis only.
The changes were insignificant. Penn
sylvania was off and United States Steel
common up a fraction.
Money in the London market was
quoted at 2 and "a per cent discount
for short bills and 27-16 per cent for
three-month bills. Bar silver was quiet
at 227s cents.
The Washington times., 1902-07-06

finest, 4OG43c; choice to choicest, extra,
finest. 30di i0c.
Potatoes - The market was easy.
White. new. North Carolina. per bbl,
No. /. s2.0OG2.25; Norfolk. per Dbl. No.
]. s2.00G2.25; seconds. per bbl, $1,000
1.5O; Rappahannock. per Dbl. Chile. r..
S2.O0@2.25; do, Rose, s2.20G2.6O; do, sec
onds. s1.259 l.50; do, culls. 75c to s1.00;
do. Eastern Shore, Virginia. per Dbl,
No. 1. s2.50G2T5; do. Maryland. per bbl.
s25OG2.75; Maine. grown tseed). Houl-
ton Early Rose, per bbl sack. s3.25G3.35: !:
do, Beauty OF HeDrons, per Dbl sack
s.. 25G3.35; do. Burbanks, per bbl sack.
$3.25M33G; do, Green Mountains. per bbl
sack. s3.25d3.30.
Poultry-Market weak. Old fowls, ia
1ti5c: spring chickens, Y lbs or over.
16c Il lbs and under. 14G15c: ducks.
1Od11c: spring ducks, lac; roosters,
each, 25G30c.
The Washington times., 1902-07-06
Chronic Diarrhea.

THIS disease is generally regarded as incura-
blc. mainly for the reason that the remedies
usually employed are Intellectual. That it can
be cured. however, has been fully proven in
many cases. The following tells OF one OF
them: Mr.. T. ". Greathouse. OF Prattsburg,
Ga, says: II had been suffering from chronic
diarrlea for seven years. Last year l began
taking Chamherlain's Collie. Cholera and Diar.
rhea Remedy, and it has entirely cured me.
had spent lots of money for doctors medicine
in the run OF the seven years. II it had not
been for this remedy would have been dead
now. and feel that ! can never say too much
in its favor or recommend il too highly" Sold
by Henry Evans, wholesale and retail, 922 +
street. and all druggists.
The Washington times., 1902-07-06
COTTON BONDS.
Three Year Gold Debentures Placed on
Sale at Par.

Charles Hathaway & Co., OF New
York, and ". o. Gay q Co.. of Boston,
will receive applications at par and in
terest for $1.O5OOO0 three-year c per
cent gold debenture bonds OF the Amer
ican Cotton Company, being part issue
of $2.000,000. the balance having been
disposed of atprivate sale.
The principal and interest are pay
able in gold without deduction for taxes,
and the bonds are redecmabie at the
option OF the company OF any interest
date at 105 and interest.
The bonds are ready for delivery. No
mortgage can be made which will not
secure the bonds of this issue.
The Washington times., 1902-07-06
DAYS NEWS FROM TIE WORLDS FINANCIAL AND MARKET CNTERS

and adds to the urgency OF consumers
I'm the textile markets cotton goods
! sold freely at recent concessions ant
the tone was steady. while wooden mills
are more actively engaged and buyers
| are in the Eastern markets for raw ma
| tcrial.
Quotations of wool made a further
slight advance, and firmness is expect
ed at the London auction sale Tuesday.
Trade in grain options at Chicago
was tho noteworthy exception to an
otherwise quiet week. For some time
the low stocks OF corn made It hazard
ors TO take any definite position on the
short side for carly delivery. Yet there
had developed such an interest in July
corn ut the West and excessive moisture
facilitated operations against those trad
ora who had sold corn they did not
possess.
Losses by Spectators.
While some damage occurred on the
farms losses were most severe among
spectators. some of whom were com
PEELED to cover contracts at 1Sc. This
was net only the highest price for many
years. but actually exceeded the quota
;ion for wheat Considerable reaction
followed. but the general level OF grain
prices is higher for the week. especially
for corn and oats. Eastern markets
reflected the strength, but did not share
the activity.
Cotton prospects frightened with rain
In the Southwest. yet there was no weak
ness. The crop year closed with re-
ceipts Of coffee at Brazil ports far sur
passing all records and prices remain
ed at the bottom point.
Holiday influences we're felt In Wall
Street early In the week. sales of stocks
falling to 4 low point, and little atten-
tion was given to the various reports
circulated. The net change was mod
crate advance to sixty most active rail-
way stocks.
Half Years Failures.
Commercial failures In the first half
of 1902 numbered GIGS. with liabilities
os SEQ, 0,31i.S5 Although this is an In
crease OF s4.557 .l6G compared with last
year, and 1891 1923 more than the ex-
ceptionally favorable record OF 1899. IT
Is necessary to go back fifteen years to
find another more gratifying showing
than that OF 1902.
The Washington times., 1902-07-06
GENERAL ADVANCE
IN STOCK PRICES
Comparative Quotations at
End of Year.
Not as High for the Year, However, as
They Have Been Before Clos
ing Of Period.

The condition OF the stock market at
the end of the fiscal year, compared with
a year ago, shows a general advance OF
prices, especially in the railway shares.
Prices. however, are not as high as
the best since the beginning OF the cal
endar year.
The record of the most important
shares is as follows:
The Washington times., 1902-07-06
Money for Crops.

The West is drawing currency for crop
movements earlier than usual, and ro
doubt during the week some money was
companies in connection with July dis
hursements.
An apparently remarkable feature of
the exhibit Is an increase in deposit liza
bilities in the small sum OF s., ,S1S. 100. in
the face CT the fact that the loan and
cash changes called for an increase OF
nearly $15,00O,0 900. It was through this
small rise in deposits that the banks
were enabled to keep their loss in sur
plus reserve down to 81. 1913. .625.
The Washington times., 1902-07-06
RAILROAD EARNINGS
LARGEST ON RECORD
Six Months Figures Show
Large Increase.
Gain in Gross Earnings Over Same
Period Last Year Reaches
ST Per Cent.

In spite of many serious drawbacks
railroad earnings for the half year Just
closed are the largest ever reported
Total gross earnings OF all railroads in
the United States reporting for the
half year to date. are s61s, sos. I,
gain of 5.1 per cent over last year, and
49, per cent over 1900. This report is
practically complete for roads embrac-
ing three-fourths of the total mileage
of the United States for five months
and includes partial returns for June
Much Irregularity.
The monthly figures show much irreg-
ularity. In February and March earn
ings were unfavorably affected by Sc
we're storms. and traffic, especially in
the West. was seriously interrupted, but
in April there was very full tonnage.
In MAY the coal strike caused a con-
siderable loss in tonnage in many roads,
and the loss is reflected in the earnings
for that month.
For the half year anthracite coal roads
alone report decrease, aud as the loss
is almost wholly In May. the percentage
is small. On all other classes of roads
the increase compared with last year is
remarkably uniform.
Pacific Roads Lead.
Pacific roads lead all others in the
percentage of gain, due to unusually
heavy traffic on those roads this year
and better paying rates. Southern and
granger roads report considerable in
crease. the increase on grungers being
rather remarkable in view of the very
light grain tonnage.
Central Western roads report n con-
siderable gain, and also Trunk lines and
Other Eastern" The increase in tine
Southwest has been very small. Earnings
OF roads reporting TO Dun's are given
below, compared with last year:
The Washington times., 1902-07-06
Discrepancy in Deposits.

Regarding the apparent discrepancy IN
the deposit account. II may be remarked
that while the payments for the in
creased capital stock of the National City
Bank led UP to loan expansion. book
keeping transfers prevented any sym
pathetic movement in deposits. In fact
the deposits Uf the banks this week actu-
ally decreased s., ,000, 600. while the loans
increased SO. 500 600. The surplus re-
serve Of the banks is now down to $40.
0s4, ,725.
With the exception OF 1901 and 1893
this is the smallest amount held since
1893
The Washington times., 1902-07-06
The Weeks Price Changes.

NEW YORK. July THE following
table gives the highest. Lowest. and
last prices. together with the net
changes. for tho week ended Thursday:
The Washington times., 1902-07-06
MONEY TO LOAN.
$4,000 FOR YOU

on GOOD SECOND TRUST LOANS
have the above sum idle and wish p0
cent; will accept second trust loans Com
mission charged. d. C. real estate only.
Address BON 3ls, this Office. iei-lm
MONEY TO LOAN AT 4, az AND PED
CENT on d. c. REALTY: SECURITY OF.
FERED REGULATING RATE. IMMEDIATE
ALLOW ANCES. EXPENSES SMALL
jes-lm c. C. WARING. lll4 G st. nv.
The Washington times., 1902-07-06
HOLIDAY CAUSED QUIET
IN BUSINESS BRANCHES
Preparations for Heavy Fall
Business Continued.
Falling Of in Speculation Due to In
crease Of Conservatism-Dun
Weekly Letter.

NEW YORK. July 5.--Dun's review
says:
Quiet conditions have prevailed in
most branches OF business, preparations
for the holiday having more influence
than usual. and especially in those mar
ke,s already affected by labor disputes.
Heavy sales Of fireworks and sporting
goods bear testimony to the fact that
the purchasing power of the people is
not impaired. however, and arrange
ments for fall trade continue on a very
large scale.
Speculation in securities was re-
strictcd. but grain markets at the West
were sensationally active. Money mar
kets were not sharply advanced despite
heavy dividene distribution, and relief
viii follow the lower revenue rates now
in effect.
The Washington times., 1902-07-06
BALTIMORE PRICE CURRENT,

Total ..... .s055, ,la5. so5 Gain Is. 30. as
The Washington times., 1902-07-06
BANK STATEMENT
FEATURE OF The DAY
Changes Represent Conflict
ing Movements.
Lean Expansion Ran Ahead of Previous
Es.irates ty Banking
Community.

"ET YORK, Tu,y Tho nu9acial
ai,:r2t p-easrtcl I very quiet aspect
today. as be s:oc< exchange was closed.
al:;.onah ;Ia baahs AMI bankers Offices
We" rpcn. Lu: very little business Of
a2v Nal %ag carried on. the London
tnr'kc. :yr american securities was dull
.nJ a ;r.Go under the New York parit1'
.: -.ursdsy. No operators made their
appra:arco in ;tc street 20 engage in
a-a!:-age operations.
With this situation the bani, statement
w.s the cn~ross!ng feature OF the day,
aul the changes represented the conflict
el ami confusing financial movements
pccuiiar % this particular week of the
-"ar.
Tho i3-Cc loan expansion Of S1T,011, 400
ran ahead OF previous estimates by the
bsnking community. but can hardly be
called su, pr!sing in view of the surround
ings CT the situation.
National City Bank.
The Increase in the capital OF the
National City Bank, the operations ct .
syndicate financing tine bonds OF n
Southern road and tho completion of ar
ranSemcnts for the July dividend and
Interest disbursements. the full effect
OF which was not shown in last weeks
exhibit, arc sufficient in themselves 70
account for the weeks loan expansion.
without taking into consideration any
transfer of loans from trust companies
TO TIE banks.
This weeks increase is the largest
since February 8, when the expansion
reached s2S .974. 800. The decrease in cash
OF S2.1S9,1 100 does not comport with esti
mates. rejecting drain upon the re-
sources OF the banks in excess of e1pec-
tations.
The Washington times., 1902-07-06
To and MARKET
INVESTORS LETTER

WILL BE INCALCULABLE assistance To YOU
greatly increasing your chances for profit. To
present or prospective customers we mail both
free of cost The former contains complete and
exhaustive data relative to every security dealt
in upon the Exchanges, also record OF tuctua-
tinns of each for from 10 to 30 years. and Is
conceded by Press. Exchanges and Boards OF
Trade 10 be an absolute authority. 1T En-
ABLES ANYONE To INVEST MONEY. KEEP
THE PRINCIPAL INTACT AND MAKE IT
PAY AN INCOME. The latter is carefully pre-
pared daily and mailed regularly each after
noon II endelvors to outline the immediate
movements Of the market, pointing ont daily
the issues most likely TO show immediate
profits
WE RESPECTFULLY SOLICIT YOUR AC-
COUNT AND BUSINESS, BE ITS VOLUME
LARGE OR SMALL. NOU WILL FIND EVERY
CONVENIENCE At ALL OF OUR OFFICES
YoU WILL FIND ELSEWHERE AND MANY
LITTLE AIDS IN ADDITION, ORIGINAL AND
PECULIAR TO OURSELVES.
Commodious Offices Largest clientele. Very
best se-:ice.
The Washington times., 1902-07-06
Stock Market Has Had
Sufficient Restriction
Past Year
CONTROLLED BY EVENTS
Death i President Mckinley and
Northern Pacific Contest Did Little
Damage and May Have Been Bless
ings in Disguise.

Henry Clewe in his weekly letter saws
CT the stock market situation:
III rest is what the stock market &c
quires before obtaining a fresh start, it
Is certainly having n long period Of
that sometimes necessary experience.
Fully year has elapsed since = series
CT untoward events, beginning with the
Northern Pacific contest and ending
with the death OF President Mckinley,
efectualy stopped the wild upward
movement which began in the spring Of
1901
Looking backward, it is remarkable
how little injury these misfortuaes have
done; in fact they may have proved
blessings in disguise. for it is certain
that they prevented speculative excesses
which If permitted would soon have i'm
paired our present prosperity. The loss
of nearly COZ, ,OOO goo bushels OF corn
made practically no impression upon
railroad earnings; while Czolgosz's das-
tardly bullet simply shocked credit in Il
manner that served to demonstrate its
6oundness.
The Washington times., 1902-07-06
LOAN COMPANIES.
PRIVATE LOANS

PRIVATE LOANS
On personal notes without indorser, references,
or security; simply your promise to pay. Or
new plan enables everyone to secure ready cssh
at oIce without Inconvenience or delay. 1ur
method Of conducting a loan business Is based
on the word Confidence more than on .'Se-
cIrity." You have our confidence; We have your
confidence. You need money; We have money
We don't need. When you fail to get accom-
modated elsewhere, call on US and you will not
be disappointed. II you nave loan now it
will not prevent you from securing further ac-
eommodation from the old reliable
CAPITAL LOAN GUARANTEE CO..
Coz F St. N. W.
Phone, East 2o5. Corner Sixth st.
iu27-tf
The Washington times., 1902-07-06
LOANS OF $40

GND UPWARD ON FURNITURE AND
PIANOS, at lowest rates and Gu the DAY you
apply. We are leaning on the Building and
Loan Association plan, which E.akes tie cost
of carrying loans much less than you pay else
where and allows you to pay it of in any
sized notes you desire, running from one .
twelve months. II you have 4 loan with some
other company we will pay il OF and advance
you more money IL desired Rates cheerfully
given, an6 no cost to you unless loan Ia made,
Call ard get rates. Front room. first floor.
NATIONAL MORTGAGE LOAN CO..
625 St n W
The Washington times., 1902-07-06
Halt to Speculation.

These troubles brought speculation 10
timely halt; and, once the momentum
was stopped and reason regained its
sway, the dangers of excess became self
evident and the public quickly left the
market TO the care of the big men who
really controlled the situation and who
were thus Obliged 10 carry their stocks
until more propitious times for market
ing.
The success of the big holders in dis
posing OF their load will depend entirely
upon the continuance of prosperity,
which in turn hangs chiefly upon ap-
preaching harvests. So far We seem Sc
cure from scarcity. OF cotton We seem
likely to have a large abundance; Of
wheat plenty for home and export re-
quirements, and of corn. good crop If
the weather proves favorable.
The Washington times., 1902-07-06
Iron, Steel, and Textiles.

I'm the iron and steel districts there
have been no developments of impor-
tancc. Scarcity of fuel caused the bank
Ing of some blast furnaces, which re-
duccs pig iron production and deliveries
are slowly falling behind. While this
has q sustaining influence on quotations
it retards work on finished products,
The Washington times., 1902-07-06

MONEY TO LOAN at 81. TO per cent. In sumo
OF 81 90 to $1,000, on d. c. real estate; pay
of and per cent mortgages and begin anew; /;
all transactions conducted with economical con-
sideration for borrowers. WM. II. SAUNDERS
& CO., lI07 + st. NV.
The Washington times., 1902-07-06
Railways Prosperous.

Large interest payments testify to
the prosperous condition of railways,
industrial corporations. and financial in
stitutions, and aside from the labor
troubles the half year just ended was
remarkably satisfactory. Diminished
speculation is an evidence OF greater
conservatism and less imitation, which
promises we'll for the future.
Decreased exports were mainly due
to poor crops and a heavy consumptive
demand at home. the former difficulty
being less in evidence this year, while
it is to be hoped that domestic buy
Ing will not abate.
Bank exchanges at this city for Ave
days were S.9 per cent smaller than a
year ago, but 1919 per cent larger than
in 1899. while at other leading cities
there were gains of 80 and 12.j per cent
respectively. Railway earnings for June
exceeded last years by ga por cent, and
those of 1900 by 1919 per cent.
The Washington times., 1902-07-06
OUR LETTERS

outlining our views OF immediate market move
uents are noted for their accuracy in fore
casting fluctuations and for selecting such
stocks as will show the greatest money making
opportunities. AN EXAMINATION OF THE
FILE WILL SHOW THAT THEY FOREToLD
THE RISE IN l. y. c. l. l., SOUTHERN
RAILWAY, ILL. CEN, MOP, AND MANY
OTHERS. AND THAT THE SUGGESTIONS To
PURCHASE WERE MADE AT THE PROPER
TINE IL EACH INSTANCE. FOR THE PAST
TWO WEEKS THEY STATED THAT ILL. CEN.
WAS BOOKED FOR A FURTHER ADVANCE,
As WAS MOP. ALSO URGED THE PURCHASE
OF IT. PAUL BELOW l72 A WEEK AGO
LAST MONDAY on JUNE q, THE DAY
THE ANNOUNCEMENT OF THE PASSAGE OF
THE c. F. |. DIVIDEND WAS MADE, AND
on WHICH DATE THAT STOCK RECORDED
ITS LOWEST PRICE (s51s). OUR LETTER, IL
REFERRING To THE EPISODE, READ WORD
FOR WORD AS FOLLOWS:
Eve have recently refrained from advocating
purchases OF c. F. L. IT IS NOW OUR OPINION
THAT THE STOCK Is SCRAPING on BOT
TOM PRICES, AND THAT ITS NEXT GOOD
MOVE WILL BE IN THE UPWARD DIREC-
TION. 1t is intrinsicaily very cheap. and we
feel certain that in a comparatively short time
AROUND THESE FIGURES. AND IF IT
SHOULD SELL OFF TWO OR EVEN THREE
POINTS. TAKE On \ LITTLE MORE. WE
ARE CONFIDENT THAT THIS OPERATION
WILL SECURE THE PROFITS. We said a few
days ago. THE WAY To MAKE MONEY IL
c. F. l. WAS To BUY 1T WHEN THE Sr0Ck
WAS WEAK AND BEARIsH RUMORs RIFE.
AND TO SELL 1T WHEN 1T Is Up TEN TO
TWENTY POINTS AND MR.. GATES AND
OTHERS ARE FLOODING THE COUNTRY
WITH BULLlSH ADYlCES. Mr. Gates rushed
into print extensively. extolling the merits OF
&. +. /. when the stock was around 100. and
advised his friends 10 purchase it. Bull tips
were current in Wall Street. At present writ
ing the stock is down some twenty points, and
apparently has not friend. The mouth bulls
around 100 are more than likely the buyers
now. We repeat: TAKE on SOME c. +. /.
AT THESE PRICES. The bear news on the
stock Is all out The dividend in dodging Eng
lish has not been authorized payable. lead
ing to the assumption that it is past. The bear
turn by the manipulating insiders has been
made. averaging them about fifteen points net.
We NOW BELIEVE THE STOCK AN NMEDI-
ATE PURCHASE. WE'RE THE INSIDERS
NOT THE BUYERS THE STOCK WOULD
HAVE SOLD AT 50 TODAY"
The records OF Wall Streets daily fluctuations
Illustrate what good. profitable advice this was,
not only calling the exact bottom day for the
stock. but enabling those who followed it to
make not only large but speedy profits.
II YOU are either contemplating invest
ment or are speculating in Wall Street, our
Co-page. clothbound, illustrated
GUIDE DAILY
The Washington times., 1902-07-06
Rain Causes Injury.

Excessive rains and cool weather re-
Gently caused some injury. but thus far
nothing serious except in small sections.
At present, therefore. the harvest pros
poets are fairly good. and we shall prob
ably export more wheat. corn, and cot
ton next winter than we did last-a very
important consideration in view OF the
fact that We are still large borrowers
in the foreign money markets. In mer-
camille circles there is hopeful feel
ing, and the merchandise movement
promises to be liberal except where high
prices are checking distribution.
Congress has adjourned. Usually this
brings a sense of relief in Wall Street;
but, as the last session was singularly
free of legislation affecting financial in
terests. and as the market pays less at
tention to Congress when the country
IS prosperous. the adjournment had no
effect Some disappointment is felt at
the shirling of action on the currency
bill; the need of which will be sorely
felt when financial panic is threatened,
but which is forgotten while the skies
are cloudless. In the fall the elections
may produce some new issues; the most
likely being tariff, trusts, and Cuba.
The Washington times., 1902-07-06
Money Loaned Salaried People,

Retail merchants, Transfers boarding houses,
without security; largest business in AZ prin-
cipal cities. TOLMAN. Room lol. 5S3 18th st.
mlS-u
The Washington times., 1902-07-06
National Corporation Law.

"A national corporation law would
avoid the radical measures of some
States, and at the same time prevent
the abuse which perm IS the corpora
tion of one state 10 break the laws of
every State except its own. which very
likely has granted it powers not per
missile within It's own territory.
The period Of summer quiet has fairly
begun and no greet activity need be
expected until vacations are over and
results Of the harvest are known. The
general situation, however. Is sound
and confidence is general. While these
conditions last good railroad stocks are
9 purchase on sharp declines and sale
or the pronounced rallies. The fall
months may Nitress renewed efforts at
manipulation. IN which q Sc increased
activity must follow"
The Washington times., 1902-07-06
Failure of Trusts.

"As for the trusts. cnce the most IN
viting subject for legislative attacks. the
prospects are now for less radical action
than at one time seemed probable
These institutions have completely failed
IL their efforts 10 suppress competition
aHd are gradually succumbing 70 the
economic penalties Of ovcrcapitalization
and attempts TO unduly control prices.
Many of the evils of the trust system
can be safely left to correct thom-
selves; still the public will not r"st
satisfied until some restraint is placed
upon the power OF these corporations.
and among the propositions thus far
advanced these fayoring reasonable pub
licify and nutional corporation laws
seem TO be the most acceptable.