davidaulloa/AmericanStories huggingface dataset:
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-07-28

Rermion Lodge to Confer Degree
Hermion Lodge, No. Is. Knights of Ply
thias will confer the first rank on
large class at their Castle hall in Ma
sonic Temple, Monday evening: Out
If citv members are especially invited.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-07-28
AROUND THE TOWN

Nantz Has Filed.-Frank. P. Nant1
fled today as a candidate Tor Judge OF
probate on the republican ticket.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-07-28
- Individual Cost Low.

"We have in this state more than
$500, 100000 Of assessed valuation. If
the state Of Minnesota were to espend
annually $4,000 in advertising our
states resources, the tax on farm or
$1,000 would be less than cents-less
than two postage stamps. AS property
in this state, is. assessed for only about
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-07-28

= Blames the Elevator.-Mrs. Mary p,
Benick has brought suit for $25,OOO
against John E. Andrus for injuries a.
yator in the Andrus building in 1901:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04
Strenuous Bidding.

1t sounds rather bold to make a pub
lie bid on the stock exchange for any
part Of 1900 shares OF a stock when Il
may mean a bill Of 500. 600 to $500. 600
to pay within tweRty-four hours, but
the offer Is frequently made. Up TO the
present time. however, no sale larger
than 1000 share lot has taken place
When John T Arms a few years ago
hrst introduced the fashion OF bidding
Tor all or any part of the capital stock
OF a company it amazed the balance of
the board. but in these latter days, the
bids for round lots is of almost daily
occurrence aud as several new stocks
with a larger capitalization have been
listed the proba bilities OF calling the
Diun. as it is so frequently designated
are largely increased. The largest bid
Tor a specific amount occurred on Fri
day when a prominent broker bid for
900 shares Of stock which would have
required the tidy sum of $3.50. 900 to
pay had the offer been accepted But
It wasn't and the exchange .breathed
fTeer.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04
PRICES ON COTTON
CONTINUE TO ADVANCE

NEW YORK. March S.-The cotton
market continued moderately active 10
Day with prices making a further ad
vance OF about Is points from last
nights closing quotations on the most
active options. thus making a maximum
advance of about 80 points in the last
Two days. and about IS points for the
week from the low level of last Monday
and Tuesday.
The strength in the market today was
largely due TO the Liverpool markets
responding twice as much as expected
10 our advance of yesterday.
The market opened with an advance
OF about ten points, and after reactiur
about four on general profit taking
sales by the sealping contingent. the
market was advanced again later in
the trading to a level OF about fifteen
points for the more active operation
the old crop, and the market closed
practically on that basis.
Following were the quotations on
the cotton market TODAY
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04
Gossip Working Overtime.

Every time an order comes TO the
board out Of the ordinary. more par
ucularly in bank or insurance stocks
the story at once crops out that a
consolidation or an attempt TO secure
control l. desired, and at once the
street is filed with full and complete
reports as to the probable buyers. their
intentions, and their success. Earnished
with all the details according TO the
imagination or versatility OF the re-
lator. The latest effort in that line
has been the cOnsolida ton of some of
the insurance companies, which has
grown so rapidly that il has finally en-
braced nearly every one on the list.
The amusing part of it all is that the
officers of the several companies named,
when seen, were entirely without knowI-
edge Of such intentions and were
naturally surprised when informed how
far, according TO rumor. the negotia-
tons had proceeded. While it was pos
sible such things could be done without
their knowledge, they really thought.
said one of them. that they should be
let into the secret.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04
pisposed of stock. Kept Bonds.

The annual report of tho Mutual Life
Insurance Company for December 81,
1904. showed among the assets OF the
company that they owned s1.soo0to OF
the bonds OF the Washington Railway
Company, and an equal amount of the
preferred stock OF the same. and. while
the report for 1905 is not at hand. 1t is
known from an authoritative source
that the entire amount OF the preferred
stock has been sold, though the bonds
are still held as a desirable asset. being
inventoried at but "a, while the market
value is IS. This vast amount of stock
has been successfully marketed without
disarranging prices, and it is under
stood that the larger portion OF IL is
now held by local investors AS IT pays
over per cent on the selling price, II
Is looked upon as a good thing 10 own,
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04
NEW YORK SUPPORTS
THE LONDON MARKET

LONDON, March 3.-Trading on the
exchange was quiet and the market had
q better tone. Consols improved and
home rails hardened in places.
Americans opened Irregular, moved to
well above parity and became strong on
New York support. Union Pacific and
Southern Pacific were ire features. a
moderate amount of business was Jrans-
acted and prices closed firm. Grand
Trunk. at the opening. was in good de-
mand on the traffic returns. but later
they sagged somewhat
Foreigners were upheld and Japanese
we're bid up. Money was in quieter de-
mand and supplies were more plentiful,
owing to government disbursements.
The demands next week, apart from
the stock exchange esIement, will not
be heavy, while COCOON in treas
uTg bills VIII be redeemed March Z Dis
counts were quiet.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04
Opinion of an Expert.

George L. Walker, of Boston, who is
considered thoroughly conversant with
the copper situation, printed the follow
ing in his letter Of February Is last:
Recent developments have served 10
demonstrate that the stock Of he Greene
Consolidated Copper Company is in a
very strong position. The readiness with
which President Greene organized a
syndicate TO underWrite the new stock
issue of 136, 600 shares at IS. without
commission, furnishes conclusive proof
that he has a more powerful following
than ever before, and also that this fol-
lowing has unbounded confidence in
the intrinsic value OF Greene stock
A liberia! comparison from almost any
point of view will make It fully appar-
ent that Greene Is selling exceedingly
low. The present price of s26 per share
means a total valuation. including the
new stock issue, of SIS ooo. 600 or only 40
cents per pound for its annual produc-
ton of 100000 pounds of copper. An
aconda at SO is selling for 50, oo0,eoo. or
10 cents per pound for it's 10000, 900
pounds of copper.
The statement made at the stockhold-
ers' meeting by President Greene shows
that the company is exceedingly pros
money at present. this amount being
represented by copper in process, min
ing supplies, merchandise, and cash;
but it needs s.. 100000 additional TO en-
able it to do all of its business without
borrowing In advance on its copper con-
signments President Greene estimates
that the company has in assets, in sup
plies, plant. equipment. railroad, electric
lighting plant, water system. town site,
and timber lands a vaTue OF $4,000, 600.
making no account of its mines and
mineral lands.
There is every reason to believe that
the Greene Consolidated Company will at
least continue Its present dividend pay
ments, which aggregate $40 per share
annually Such dividends Will call for
81, 400 600 annually on the increased capt.
talization, and. in view of the fact that
the company's net earnings during the
past five months have been at the rate
of st,So0.o00 annually, or nearly twice
the amount required fer dividends, II
will readily be seen that the extensive
Improvement expenditures which the
company proposes to make will not cut
into it's supply of working capital, AT
present prices Greene consolidated stock
yields the investor approximately per
cent
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04
Continuing the Campaign.

The efforts to secure signatures to a
petition for an increase of the capital
stock of the Bank of Washington are
still being continued. and, according to
the advocates of the plan, are meeting
with gratifying success. There is known
to be a small element opposed to the in
crease, and as IT requires two-thfrds OF
the entire 20o0 shares to carry out the
plan il may delay matters longer than
Ii was at FIRST hoped before enough stock
Is secured III the meantime the stock
is taken Vhenever offered, and a sale of
ten shares during the past week at E25
shows the high value placed on IL. With
4 surplus 50 per cent greater than the
capital, ard assets stated to be of gilt
edged variety, the increase would per-
g.n the bank to greatly enlarge and ex-
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04
BUT LITTLE DECLINE
IN MARKET PRICES
Solid Foundation of Prosperity Undisturbed.
Investments Firm, With Speculative
Securities FIuCtuatng.

lageards in our whole market for over
year? Why then such pronounced
strength in them? The secret of thair
strength lies in the potential earning
power of the Wabash
In other words. in the ability to make
profits, secured by many years OF the
reinvestment Of earnings in the prom
erty The only reason tremendous
growth in business has not produced
increased profits is because the man
asement has spent the money.
1t will be argued that the expenditures
have been necessary. and so they have
But the necessity for them does not
argue their permanence And the fact
or the outlaws indicate the future
economy to result from the railroads
operation under modern methods. so
That the profits of the company can be
increased in two ways without any in
crease IN business-hrst, by economy OF
operation, and secondly. by the ending
or expenditures out Of earnings. Since
for a series of years. the profits above
fixed charges have been almost negIigi-
bic in amount, 1t is essential shat these
methods OF increasing profits should be-
come operative at once if there Is any
basis for so high a valuation upon the
debenture bonds and upon the stock.
No Real Imitation in Good Stocks.
But the point to establish is that there
has been no imitation in the prices or
Wabash securities and OF dozens of
other securities of which Wabash i
only an illustration. comparable with the
imitation which always in the past has
accompanied a period Of industrial ac-
tivity- What is more TO the point is
that there has been no enthusiasm
shown by spectators in such securities
which IT all compares with their over
enthusiasm for few stocks which have
advanced dispropOrtionateIy Further
more, the tremendous advances in real
values which have occurred since 1901
have had no adequate reflection in the
stock market, for, however stocks NAV
be quoted. the intrinsic values are m
Ineasurably greater than they were five
years ago. Not only have railroad earn
ings largely increased, but the stability
OF the Industrial situation has been Sc
cured In a manner which means much
Tor the permanence Of present coudi-
tons Steel and iron and copper. under
the management of huge corporations.
nave gradually been removed from the
Yarlableness Of tickle markets for raw
materials. and have been given a more
constant price, which is a material ad-
vantage TO business interests and a
source Of strength that has been IscA-
ing In previous periods Of commercial
activity. BARNARY
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04
Changes of One Year.

One year ago Washington Railway
common was selling at IS. 1t was then
predicted that it would reach 30 by July
1, and that dividend would be paid in
two years The rise was steady from
that point to 454s, from which It reacted
close to 80, with the recent up turn to "A.
The buying throughout this time has
been considered of an exceptional
character, and the stock is now said to
be more widely distributed than at any
time in its history. 1t has been the
leading feature Of the dealings on the
Stock Exchange during the entire year.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04
WILD EXCITEMENT I'M
CHICAGO WHEAT PIT

lars have been lost In the Chicago
wheat pit of late, the last of the East
ern holdings having gone overheard.
The price reached was the lowest on
the crop and the net losses for the day
were 1Ise 20 Issc.
The market was wild affair. the
volume OF business being the largest of
the week Those who bought early were
dislodged later. Corn closed Lc to Ize
lower. and oats were of lac to &c. Hog
products loo and 1.1Se off to 21xc and Sc
up Cash sales were 5000 bushels
wheat. 10000 bushels corn, and $50 OSo
bushels oats at Chicago. 15 loads Mani
loba wheat TO go to Liverpool, 8 loads
corn and 100 900 bushels oats
Following were the net losses for the
Ia
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04
HEARD ON 'CHANGE AND STREET
Virginia Loses, Washington Gains.

Among the men whom the city Of
washington delights TO honor the
cashiers Of the several banks hold a
nigh position. And without exception
the confidence is well placed. They are
all good men and true, thoroughly
awe TO the interests confided to them,
Identified fully with the growth and
prosperity Of the city and it's institu-
tlons, active in their efforts to advance
its material welfare. and Justly proud
or the part they are called upon by
reason OF their positions TO perofrm.
among the number r. H lynn
cashier Of the American National
Bank, while comparatively a newcom-
err, has already taken a front rank and
Is highly esteemed not only by the
officers and directors of the bank, but
by all the customers who have been
brought in contact with him and have
found the acquaintance pleasant not
only in a business way, but in the
sense OF meeting very agreeable gen.
tleman.
Mr.. Lynn came to Washington in
the spring of 1903, to accept the posi-
ton Of cashier Of the American Ma
tional Bank, just organized, and at once
Identified himself with local affairs
shortly thereafter buying a seat on the
Stock Exchange and taking a lively in
terest n its proceedings. His connec-
tion with banks extends over a period
OF twenty years. most OF It spent in
the State Of Virginia, where he had
organized and run several successful
institutions OF the kind. While now
claiming this city as his residence like
ali good Virginians, he still has a
tender spot for the old State and has
recently purchased a handsome coun-
try seat in his native county of
LOudoun, which IS said TO be one OF
the finest estates of that noted section.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04
Should Banks Advertise?

1t Is but short time ago THAI banks
and bankers refused TO advertise. II
was contrary to the ethics OF the bust
ness The banks have got braveIy over
that Idea and the advertising bank is
no longer curiosity. 4 Western bank
er has estimated that the banks in his
State that advertised gained q per cent
IN assets and 3 per cent in deposits.
while those that refused TO advertise
lost pe- cent in assets and per cent
IN deposits. The advertisement has
come Il take the place Of personal
solicitation and reaches more people.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04
A Decade Of Prosperity.

Within ten years the resources of our
local national banks and trust com
panies have nearly trebled, having in
creased from $26.000.0O0 at the close of
1875 10 S70,000,000 at the present time
But three failures or national banks
have occurred in the District since the
inauguration of the national banking
system forty years ago.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04
Always a Welcome Visitor.

The president Of the Capital Traction
Railroad Company is a frequent visitor
to the meetings of the Stock Exchange.
and much OF the good-natured raiIlery
when the stock is called is directed to-
ward him. AS he is outside the charm
ed circle he cannot reply in kind, but
contents himself with pointing to the
successful mana cement OF the road. the
high price Of its stock. the good divi-
dends paid, and the small amount OF
stock at all times pressing for sale as
the best evidence of it's hold on the in
vesting public
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04
Lucidly Explained.

Among the many bright things said
by the monologist, Jack Norworth, at
Chases last week. was his explanation
OF the requirements of a stock broker.
"All you have to do to be a stock
broker is TO simply pay for something
that you can't get with money that you
haven't got. and then you sell what
you never had for more than it ever
cost"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04
wE~-LY BANK STATEMENT.

The weekly bank statement was as
follows:
Reserve on all deposits. decrease
S1l5.915; reserve on deposits otf er
than United States. decrease. S11S.7kO:
loans. decrease. SS,463,1OO specie. de-
crease, S2.964 400; legal tenders, de-
crease, $S41, 600; total deposits de-
crease, $I2,75S, ZOO; circulation. in
crease, Sl19,SO0; total loans, S1,04O,-
S3S7O0
The banks now hold IN excess of
legal requirements, S5.00S. 750 against
SS.3S9.700 last year, and S29, 94S,S5O
two years ago.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04
AN INSULT.

In an Indian newspaper appeared
an advertisement: How to Cure Red
Noses permanently; absolute secrecy:
send Is Sd and stamped envelope"
Many women, thinking their noses
pinkeT than was becoming. wrote. and
on opening their stamped envelope
read: Go on drinking until II be-
comes purple
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04
HOME SAVINGS BANK
ADDS ANOTHER BRANCH

The Home Savings Bank Will open
its new branch in the Northeast sec
tion Of the city on Wednesday morning
and several of the officers will be on
hand to extend a cordial welcome to
all corners. l.. r. Schreiner has been
appointed manager, which gives assur-
anee of prompt and courteous attention.
The Southwest branch will be opened
on the 18th inst.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04
Young Men in the Saddle.

1t is remarked that the changes in
membership on the Stock Exchange are
running TO young men, The average
age has been materially reduced of re-
cent years. The youngsters are rather
more aggressive, and want to 'whoop
EN- up az all times. Their mettle is
yet to be tested in time of stress.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04
The Old Familiar Story.

The usual positive assurance of q
dividend on LanstOn at an early date
is again doing duty. This story hobs
up perennially, but is generally to be
heard just prior TO the annual meeting
in April.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04
Washington Investments Proved Best.

One Of the old-tinle investors declares
that Washington securities during the
past twenty years have paid him better
than investments made in the New
York market.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04
WASHINGTON STOCK MARKET

Sales. Saturday. March 3. IL noon
Washington Street Railway As. s500qSs.
s500qs7N
Washington Gas certificates. $1,000
III.
Capital Traction, 1o@14sh1 log
20G 146. 5Q146%. 54I46.
Washington Street Railway, common,
52a42t. 500443 buyer. COZ. 52g421A, 50Q
42H. 60Q 522t.
Lanston, 10Q143s.
Graphophone, preferred. 100q9, 1oo19.
Greene Copper, 100Q27H,
After Call-Washinston Street Railway
as, &.00OqS71k.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04
TRULY REMARKABLY

This has been truly remarkable
winter In one particular"
Which one?
why, the oldest inhabitant has had
so little chance 10 Sneer at the
weather."
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04
Anomaly of Wabash.

Since wabash. however, and not the
others. has been the noteworthy example
during the week, the value of Wabash
is the most interesting to discuss. For
did not Wabash fail to earn its fixed
charges In 1895? And have not its Sc
curities been among the most prominent
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04
WHAT'S THE USE.

When George would not go to bed.
And some one asked him why.
What is the user" he gravely said,
You know ] cannot lie.
Father Tabb.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04

NEW YORK STOCK MARKET.

GReported by ". b. Hibhs & Co.. ltIs 7
street. Members New York Stock E&,s-ngs.
Chicago Board OF Trade. and Washington
SATURDAY. March 8.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04
Z H. LYNN,
Cashier American National Bank,
Banker Of Wide Experience and
Popular Official.

tend its business. are the reasons urged
for the change
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1906-03-04

London Market Rugged to
Give Effect.
ANAL GAMATED LED DECLINE
Breaks All Along the Line Left the
Market in a Demoralized
Condition.

NEW YORK, March AT the out
set of the trading sentiment was gen.
orally cheerful. the financial community
at large being encouraged by the ex-
pectatiou of easier monetary condi-
tons, predicted as a result of Treas
uTy relief action and more hopeful
forecasts on today's bank showing A
cCntributOry factor was the receipt OF
higher prices for American railway
shares in London, in some cases at sub
stantial gains. The local market showed
initial improvements over yesterdays
final figures extending to nearly 3 per
cent, the last in Great Northern pre-
ferTed. Lead common and Amalga-
mated Copper gained Ia per cent. I'M
provements in other issues ranged from
4 to I per cent. in St. Paul, Union
Pacific. Sugar Refining, Brooklyn Rapid
Transit. Reading. Baltimore and Ohio,
Colorado Fuel, Southern Pacific, and
other issues. In the early dealings
American Cotton OIL scored a substan-
tiaI advance Toward the end of the
first hour the market became slightly
reactionary but strong support was ap-
parent in Union Pacific, St. Paul, and
other issues.
Bank Statement Brought Trouble.
Pressure began to develop again i'm
mediately after the publication OF The
bank statement, more particularly in
Amalgamated Copper and Reading. The
first mentioned ran of rapidly nearly
3 points from the highest figure Of the
early rally. TO near the lowest price at
which the stock has sold since the ad-
vance 10 above IFS. This movement IN
settled the entire list and Reading.
Great Northern preferred, Anaconda,
Smelling and Refining, and a number of
other issues lost all of the early i'm
prOvement and in many cases sustained
net losses.
Closed at Bottom.
Supporting orders on a scale were evil
dent III the United States Steel shares,
Union Pacific. St. Paul. and the Penn
sylvania group. The market closed with
the drive at prices in progress and
Amalgamated OF nearly points net,
and substantial declines in Colorado
Fuel, Great Northern preferred. Read
ing, Smelling and Refining and other
issues. Final figures were at about the
lowest Of the day.
Railway and other bonds were gener-
ally lower. In Government issues the
rs coupon advanced 4, and the new
rs registered L per cent.