davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1903-08-30
PRICES SOAR IN SPITE
OF BANK STATEMENT
Loan Expansion Causes Slight De
cline, But Recovery Follows.

NEW YORK, Aug. 29.-The stock mar
ket was extremely dull today, and in the
early dealings failed TO continue the
improvement which began yesterday un-
der the influence of Secretary Shaw's
monetary relief plan. Although London
prices showed rather general improve
ments, the opening here was only slight
ly higher For the first hour prices
sagged small fractions through the rail-
way list. but the dealings were wholly
devoid of significance.
When the bank statement was publish
ed. with the disappointing decrease in
surplus reserve, a slight selling move
ment took place, which put prices to the
lowest of the morning. 1t was not long.
however, before the market began To
gradually harden. until the general range
was established slightly above yester-
days final level. Atchison was a decided
feature in the recovery, rallying over a
point from the lowest price OF the day.
Similar recoveries were made by Union
Pacific. st. Paul Reading, and Penn
sylvania.
In the industrial list Amalgamated Cop
per continued to receive good support on
all concessions, and finished nearly d
point higher than yesterday. Anaconda
declined per cent from its opening
price. but later rallied and closed with
no net change. Tennessee Coal and Iron
and the United States Steel stocks were
stronger. Colorado Fuel and Iron, how
ever, after advancing a point, lost the
gain.
The market was almost entirely in the
hands of the professional element. ami
many issues received scarcely a single
quotation in the two hours OF the short
session. The general attitude of traders
was that OF indifference TO general news,
although there were no important de-
velopments over night, excepting the
correction of the original report of the
murder of one of our consular officers in
Syria. The closing was firm at about the
best prices.
Government bonds were unchanged.
Railroad bonds were very dull, but
strong.
The Washington times., 1903-08-30
NEW YORK COTTON MARKET.

NEW YORK. Aug. 2S.-The cotton
market was strong and active through
out the session today, with a rather
brisk business at times by the generality
OF traders and commission houses. The
bull Interests continued absolutely In
control OF the market, having been ia
vored with a much stronger statistical
position. and with the continued insig-
nifcant receipts of new cotton against
the record breaking movement a year
ago for this time OF the season the ten
deney of prices was toward a higher
level from the start.
The maximum advance scored ranged
from 80 points on the September option
10 p points on October and 10 points on
December and January from last nights
closing quotations. with September SELL
ing Up TO 1i.50. October 1911 December
10.35. and January 1888. The prices
mentioned for October. December, and
January options are the highest record
ffd' with October selling up IS points
ooye the previous high record OF 1858.
reached IN the excitement OF two months
ago. September then, however. sold as
high as 11-99. against 11.50 today There
was Practically nothing doing in the Au-
gust option today.
The Washington times., 1903-08-30
EVERYBODY WANTS TO
KNOW WHO LICKED?!''
No "Cinger" in Army and Navy
Game of Hide and Seek.
WHO licked 2"

| who licked?"
| This is the question the public asks
about every fight, and the announce
ment of umpires that according TO the
army and navy Queensberry the navy
won decided victory off Portland is
/ no more satisfactory to the average
man than the decisions of a referee at
sparring match are to>the spectator
who longs for AN exhibition of the sort
which made John L. famous.
IF could only convince myself that
| somebody really got the best of IL in
the maneuvers l should be much better
satisfied" remarked G. B. Lesting, of
New York, who has just returned from
Portland. Me-, and is at the Raleigh.
ut gives a man the sensation of being
buncoed to read the bulletins announc-
ing victories which are as tame as a
game of authors.
"Of course great military experts may
understand all about how the battle
ships set off mines theoretically because
they touched certain parts of a harbor,
but the ordinary civilian isn't up to that
sort OF thing. All the people / met at
Portland were asking Who licked?' ard
Until the Government can make some
sort Of a demonstration which will sim
ulate battle better than the maneuvers
do ii will have a hard time convincing
peace-leving men that there is much
sense in the army and navy game of
play hide and seek.
IF the Government would get out a
few old vessels and have them burned
up and sunk IN sight of spectators it
would probably satisfy the desire born
In the average man TO see somebody or
something get the worst of IT. The
game as 1t is now played is like a din
ner without a dessert Just imagine a
waiter announcing plum pudding or
something of that sort and not serving
IT. That's the way the victories are in
the maneuvers. They are announced. hut
a fellow never feels sure that they ere
really delivered"
The Washington times., 1903-08-30

Call money in London 1Mq1% Ter
cent; short bills 27s per cent; three
months bills 27s92 1916 per cent. Gold
amounting to 10000 was Withdrawn
from the Bank OF England today, fer
shipment TO Roumania.
Chicago exchange on New York city 10
cents discount per $1,000. against dis
count yesterday and par to 10 cents dis
count a year ago today. Boston ex-
change 10 cents discount, against 10 dis
count from yesterday.
The sterling market was dull and
nominal today, with rates unchanged.
Rates for actual business were as fol-
lows: Sixty days 4S3A. demand 4.86,
cables 1868. Commercial bills were
482k64837s. The supply of grain and
cotton bills was moderate.
Continental bills were quoted as fol-
lows: France 5.19%s less lie and 5.17%
less lie, reichsmarks "a l3-16G947s and
959s 695 7-16, guilders 4Od4O lie and
4014.
Following are the posted rates of the
leading drawers OF foreign exchange:
The Washington times., 1903-08-30
COURT RECORD.

Probate Court-Justice Barnard-Es-
tate of Anna Mcmahon; will dated June
p. 1908. filed. Estate of Harry B. Koch:
inventory filed. Estate of Julia Gle
phane; WILL dated October ., 1902, filed
partly proved and petition for probate
filed. Estate of Thomas r. BrightweIl;
proof of publication. Estate OF Thomas
j. Naylor; proof of publication. Estate
OF Nathaniel Z. Robinson: petition for
letters of administration filed Estate
of Genevieve b. Wimsatt: will fully
proved.
Equity Court No. Justice Barnard
Speer VS.. Mosher, time to file record ex-
tended. Shinn VS.. Watson; receiver or
dered to transfer certain lot.
The Washington times., 1903-08-30
WEEKLY STATEMENT
OF NEW YORK BANKS

NEW YORK, Aug. 29.-The weekly
bank statement issued today shows the
following changes:
Reserve on all deposits. decrease,
1886. 375; reserve, other than United
States, decrease. 1877 .675; loans. in
crease, IS, Ice, 500; specie. increase. SS18.-
TOO; legal tenders, increase $780,
400; deposits, United States in
cluded, increase. S6.341. 900; circulation,
decrease, S49. 500; total loans. 1923, ILL.,.
500. Banks now hold in excess of legal
requirements $50, 677 1926. against SO. 49,
$50 last year and SIS. 14S.10 two years
ago.
The Washington times., 1903-08-30
CURRENT NEWS AND GOSSIP
OF INTEREST TO INVESTORS

tions on the imposslbflity of doing any
such thing. and then awoke to the fact
that Secretary Shaw knew exactly what
he was about. and that his advice on
the question was the best that could
possibly be obtained. The street at
first could not understand that it was
possible to establish a precedent and
have it perfectly legal, and 1t could rot
realize he would have the temerity TO
cut the red tape that binds the depart
ment in many ways. But the street has
awakened at last.
The Washington times., 1903-08-30
HAD NARROW ESCAPE.

PHILADELPHIA, Aug. 29.-While sew
eral hundred delegates, representing
$500 striking ingram carpet weavers,
were holding a meeting yesterday in a
hall in Kensington, the ceiling collapsed.
injuring a half dozen of those present,
but none seriously.
The Washington times., 1903-08-30
BROKERS TAKING 1T EASY.

E. E. Simpson. of the firm of Jenkins
& Simpson. stock brokers, has returned
to this city after fortnight's stay at
Atlantic City. Mr.. Jenkins. of the
same firm, Will leave the city tomorrow
TO spend the month of September at his
country home on the Potomac. below
lit. Vernon.
The Washington times., 1903-08-30
LONDON CABLE LETTER.

LONDON. Aug. %. - Business was
stagnant on the stock exchange. Con-
soils were well maintained. Americans
opened steady, showed occasional i'm
provements. and closed firm Grand
Trunk was firm on the July revenue
statement, equaling expectations. Silver
was in active demand, owing to the alb
sence of supplied
The Washington times., 1903-08-30

Exports OF gold from New York for
the week ending today as officially re-
ported at the custom house, were $3.50
to South America; of silver. 1896, 305. of
which S91 900 was TO France and the rest
TO London. Since January l: Gold, $32.-
S21 sol: silver, $21 ,005. 985. against $685.
COS .495 gold and $22, 1893, Sal silver for the
same time last year
Imports of gold at New York this week
were s57 .65S. OF which $52. 900 was from
Jamaica; OF silver. $500 from the West
Indies and several Southern ports. Since
January /: Gold, So 767, 746; silver, ST.
O78, $40, against Sl,656. s28 gold and 1885,
SIG silver for the same period in 1902
The gold premium at Madrid today
was quoted at 1880, against 81. 60 yester-
day; and at Lisbon $3.50, unchanged.
The Washington times., 1903-08-30
CHICAGO GRAIN
AND PROVISIONS

CHICAGO, Aug. 29.-Wheat was heavy
from the start to finish today, but mors
so in the appearance of the market and
feeling of the crowd than displayed by
the decline in prices. September lost
only lie and May Is. Corn closed lie
higher; May oats gained Is. Provisions
were firm, chiefly in sympathy with
strength of lard. which gained 171a cents
for September and 10 cents for October.
MrIIE At
The Washington times., 1903-08-30
PRICE CHANGES OF WEEK.

NEW YORK, Aug. 29.-The following
table shows the highest, lowest, and last
prices. together with the number of
shares sold. of the most active stocks
on the stock exchange in the past week:
The Washington times., 1903-08-30
CAR STRUCK WAGON.

A Ninth Street car ran into the wagon
of ]. F. Stahl. of Brightwood, at Ninth
Street and Pennsylvania Avenue north
west. The wagon was slightly damaged,
but no one was hurt.
The Washington times., 1903-08-30

Summarizing results and, general con-
ditions. bond experts agree that the
bond market, If not yet active, is clearer.
High rate underlying bonds are always
in demand; low rate bonds have found
their price level. The market was over
loaded with low rate bonds. few
months ago certain 312 per cent bonds
averaged a net return of 9.25 to $50.
Now they bring $50 to $40, and they
attract investors. In brief, the whole
investment market is in a better po-
sition.
The Washington times., 1903-08-30
Market Says, Reco0erS, and Closes Firm,
Money Relief Plan No BzfIzsh Factor
NEW YORK MARKET.

NEW YORK. Aug. 29.-The following
table shows today's highest. lowest, and
closing prices, and the net changes from
yesterdays closing prices, or from last
recorded sale.
The Washington times., 1903-08-30

Reports from eight OF the important
Western railroads with connections east
of ST. Louis and Chicago show that the
roads, taken as a whole, have, since
June 80, 1902, increased their motive
power by Ill per cent, car capacity by
12-37 per cent, yard facilities by 10 per
cent, and general equipment by So per
cent. These figures, an expert says, may
be applied to almost any important road
in tic country. The expenditure of large
sums for removing curves and estab-
fishing truer grades will help the rail-
roads this fall TO not only take care of
the large traffic movement in sight, but
to handle 1t at a profit.
News that a large Industrial company
had had TO pay something like Is per
cent for a years use of SC. 900 900 has
caused unfavorable comment at the South
within the last few days, on the ground
that the terms were excessive and out
of proportion to the risk involved. The
instances has been quoted in other quar-
ters as illustrating the greed of New
York bankers when they find a borrower
dependent upon them, and feel sure that
their terms will be accepted. Although
a director of the concern has admitted
that the accommodation was well worth
the price paid. the contract has been
criticised in other quarters as imposing
unjust burdens upon shareholders. While
1t is probably true that the terms quot
ed for this loan represent about as high
New York bankers under similar circum
stances, a very we'll known bank officer
not connected with the syndicate de-
clared such criticisms to be unfounded.
The Washington times., 1903-08-30

If September should follow precedent
in the movement of bank loans, cash
and surplus, the surplus reserve at the
end of the month should be much
smaller than it is today. In the last
six years September has seen only two
gains in the surplus of local banks.
They occurred in 1901 and 1898. That
of 1898 Is, however. hardly worth men,
tioning. as the gain then was only 1885,
100. Loans ought also to fall off con-
siderably, 1900 and 1897 having been the
only years in the past six when expan-
sion was reported during September. In
the same years cash holdings have not
once increased.
The Washington times., 1903-08-30
WHEAT.
NEW YORK GRAIN MARKET.


NEW YORK, Aug. 29.-Following are
the quotations on the grain market to-
da-:
The Washington times., 1903-08-30

The first announcement that Secre-
tary Shaw had accumulated a fund Of
10000, 900 which would be available In
the event of tightening of money this
fall, Wall Street accepted placidly, then
it questioned II. sought expert advice,
developed doubts, listened to disserta.
The Washington times., 1903-08-30
Money Loaned salaried People,

Retail merchants, teamsters. boarding houses.
without security; largest business in 80 prin,
eipal cities. ToLAlAN. Room I0l, $50 18th ST.
NV m1A-H
The Washington times., 1903-08-30

So far as crop conditions go general
ly the prospect is bright. But the Gov
eminent report next month will be
eagerly scanned. Cotton conditions are
not good. but there seems to have been
undue censure melted out to the So
called pool in that commodity. Condi-
lions in the cotton belt were the trump
cards in the hands of the pool, and a
short crop was the main inspiration
of record prices. The danger to trade
by the alleged corner in the staple has
been slightly exaggerated, and the ac-
ton of spinners in selling their long
stock ignored
The Washington times., 1903-08-30
NEW YORK CURB MARKET.

NEW YORK, Aug. 2s.-The following
were the closing prices on the curb
market today:
The Washington times., 1903-08-30

IF YOU ARE PUTTING MONEY IN
AT a a bank you look for the safest in
"a stitution; why not use the same
- care when you deposit your valu-
ables for a loanl We have building and safes
made fer that purpose. All business confidential
Money loaned watches, diamonds, leSelry,
etc Interest three per cent instead of ten
II. X. FULToN'S LOAN OFFICE,
Established 1870. 9l4 Ninth Street Y. W.
The Washington times., 1903-08-30
7 UNION TRUST &
LOAN COMPANIES.
Household Loan Co.,
Sic > ST. n ~

A-BRAND-NEw COMPARTMENT IDEAS
time, and easier payments than any other COM
pany in the city. We mean your Furniture,
Pianos, Organs. etc. II you any other
company we viii pay them of-giye you all
the money you want Courteous treatment
assured. Drop postal for agent 10 call and ex-
plain terms zul9-f
The Washington times., 1903-08-30

MONEY FOR EVERYBODY
At half interest charged by others on pianos.
furniture etc No charge for papers Nothing
deducted from loan. Quick, private, confidential
dealings. The only company IN the city not
in the trust" Fair and liberal terms
NAT. LOAN s. INVESTMENT co.
Attn floor. n. E. Cor. 18th & C Sts-. opp. Treas
Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-05-25
TAKOMA PARK NEWS.
Program of Annual Field Day Takoma
Club and Library.

The Christian Endeavor Society of the
Takoma Park Presbyterian Church held its
regular meeting last evening at o'clock
in the chapel of the church. The meeting
was addressed by Mr.. Isle Morrison. The
subject of his address was Power aid
PRAYER"
The first meeting of the officers and board
of governors of the Takoma Club and liz
brary since the election, few weeks ago,
was held Friday evening at the club house.
Two new members were admitted-Mr.
Claude r. Gilbert as an active member and
Winslow Humphrey, jr, as Junior MEM
Der.
The library committee reported that dur
ing the past month twenty-five new books
had been purchased, in addition to those
bought by money donated by DR.. A. ".
Parsons. The committee also reported that
all of the current magazines had been re-
newed.
The athletic committee reported the
progress in the plans for the second annual
field day of the club, which would occur
May 80. Prizes and medals have been do
mated for the occasion. The program, as
announced by the committee, and which
was approved by the board, will include
the following events: One-hundred-yard
run, one-mile run. shot-put. 220-yard run.
race, pole vault, broad jump. one-mile relay
race. The medals for first prizes will be of
silver and for second prizes bronze, while
a gold medal will be given the contestant
securing the greatest number of points.
The events will be open to club members
only. and will be held on the large plateau,
corner of Umatilla street and Piney Branch
road. Takoma Heights.
The athletic committee has also decided
to award a bowling ball to the member of
the club making the highest score at duck
pins the present month
At the conclusion Of the regular business
Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-05-25
NOVEL ROAD PROPOSED.
Plan Of the Brickmakers to Beat the
Virginia Mud.

The group Of men who are engaged In
the industry of making brick and whose
plants are located near the southern end OF
the Long bridge are considering prop
osition for the Improvement of the road
which is the only means of communication
between their plants and the bulk of the
consumers of bric'- who live in Washington.
The road is what is known as "a nasty
bit." and the Virginia mud, which is Its
main element has not been at all improved
by the steady grind of the long procession
of brick wagons which during the season,
from early morning to late at night, pass
and repass on the journey between the city
and the brick kilns. Not long ago the
manufacturers made up their minds to at
tempt to improve matters somewhat ana
they raised about 5000 and had a ma
cadam road laid, which was fine while II
lasted An unusual period of rainy weather
set in, however, and the water In the river
rose and the result was that most of the
material which was placed on the roadway
at so much expense was washed away
Since then the wagons have been wallow-
ing, so to speak. in the Virginia mud.
1t is now proposed to adopt method OF
roadmaking which, while it may be rather
novel, is regarded as better adapted to the
peculiar conditions which exist the other
side of the Long bridge than Is anything
lay an iron track along the road for the
wagons to run on with stretch of ma
cadam between the rails The rails, how
ever, are not of the usual type. They are
to be broad strips Of iron some eight inches
in breadth. Placed on strong bed, and
with a substantial footing for the horses
between the tracks, 1t Is believed that the
heavy wagons which weigh when loaded
an average of about 1900 pounds. will roll
through the Virginia soil with rapidity
and ease that will not only prolong the
working lives of the horses. but will facIl-
itate the delivery of the brick.
The specimen of road is to extend from
the race track to the old turnpike. The
balance Of the distance to the bridge Is
along the road that has been paved with
block by the railroad company.
Some idea of the traffic that passes over
Long bridge from Brick Haven, as the clus-
ter Of plants is known, is afforded when 1t
Is stated that during the season no less
than one thousand brick wagons go along
that route. This year is one Of the most
active known for decade past. 1t is es-
timated that already in the present season
more brick have been sold and delivered
than during the entire period Of the last
season. The prospect is that the total out
put of the brick plants will exceed the
high-water mark of some ten years ago,
and that probably the total production for
the calendar year may reach one hundred
and twenty millions Of brick Last year
the total output was about eighty millions
Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-05-25
PUBLIC WORK ORDERED.
Water Mains in Various Sections-Fire
Hydrants and Sewers.

The Commissioners have ordered that
four-inch water main be laid in alleys Of
square 511. at an estimated cost Of $244.
That 200 feet, more or less, of six-inch
water main be laid in Blair avenue between
Wabash and Umatilla streets, Takoma
Park; estimated cost, 500.
That At feet, more or less, of six-inch
water main be laid in Dearborn place west
from Brightwood avenue northwest, at an
estimated cost of SALT.
That $500 feet, more or less. Of twelve
inch water main be laid in Bladensburg
road north from H street northeast, at an
estimated cost of 1850.
That fire hydrants be erected at the fol-
lowing locations, estimated cost $2oo:
Twelfth and Hartford streets, 10th and
Joliet streets, 18th and Concord streets,
Brookland. D. c.
They have further ordered that the as
phalt portion of the east roadway or list
street northwest between Indiana avenue
and street be reSurfaced at an estimated
cost Of 81 ,OOO chargeable to the current ap-
preparation for repairs to streets.
That the following work be done under
the provisions of the assessment system.
the same having been duly advertised:
Construct stone sewers follows: In the
south side of Columbia street between 18th
and 18th streets, abutting lots 81, 63, "a, 90,
g. 81, 6S, 60, 20, Il and y of block %, in
the subdivision of Columbia Heights; est-
mated cost, 800. In the alleys of square
$50, abutting lots 80, "a, 35, SO, 81. 80, 80. 49,
Al. 49, 43. A. 40. 4S. A. 4s. 40, 60 81. 81 3d.
"a 55 S. 81, 5S, 50, 60, 81, G., 63, Ga. 60, 66,
67, 6s, &c. 40. II. 70. 70, "A. 70. &C. a. IS, 70,
part of lot 10. which lies Immediately west
of lot As: part of lot Is, which lies on the
south side of the fifteenfoot alley; part of
lot 16. which lies on the east side of the
fifteen-foot alley, and part of lot 10. which
lies on the east side of the flfteen-foot al
ley: estimated cost. $3.50. In 18th street
northwest between Roanoke and Princeton
streets, abutting lots II and 13 of block -.
lots IA, SO, 80, 40 and Al Of block 26. lots 1s
and 30 of block 81. lots % and. % of block
3D. all in the subdivision of Columbia
Heights; estimated cost, $3.50. In Sheridan
street northwest between Nth and 10th
streets, abutting lots 259, 561, 271, 273, 452,
1853, 454, ass, 456, 457, 45S, $50, 400, 461, 462.
1853, 47S 479 and 4SO in s. P. Browns sub
division of Mt. Pleasant. District of Column
bia; estimated cost, $500 In the south side
OF Florida avenue between North Capitol
and P streets northeast. abutting lots l, 2,
3. 4. s. 49, "a, So, 80, SO, 50, 60, 81. e. and Go
of square 66S; estimated cost, $500