davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1906-04-22
Increase of Bank Deposits.

At any other time the splendid in
crease in the deposits of our local banks
as shown by the statement recently
made TO the Comptroller of the Cur
rency and published in the daily press
would have excited much favorable com
ment but either because they had been
thoroughly canvassed in advance or for
the reason that il showed how care
fully the several institutions had been
strong reserve the publication has re-
ceived but little attention. The figures
show that by a comparison with the
statement OF January % the deposits
IN our several rational banks and trust
companies have increased over two and
a half million dollars Those of tn.
savings banks, which. although not re-
ouired by law 10 publish, find II desiI'-
able to do so, show an equally favo,-
able condition. Compared with the
statement OF a year ago the deposi s
have increased 81, ,617. 900. During the
year the increase in loans has run up
nearly 50, 600. 600, which IS a most ur,-
usual extension of loans and shows
plainly that our banks have extended
every accommodation possible TO their
customers. With the present yearly In
crease. which has been going on for the
past dozen years. Il Is 10 be expected
that within the next few years the hun
dred million mark in deposits will be
reached
The Washington times., 1906-04-22
Is Option Trading Legal?

= recent decision OF the appellate
court Of Chicago was TO the effect that
the purchase of optional contracts by
one member OF the board Of trade from
another is illegal. The effect of the de-
cision is TO do away with bids and
offers" which had taken the place OF
puts and calls" form of contract
at one time very popular on the Chicago
board of trade, and 10 lesser extent
among members of the New York Stock
Exchange.
What effect a decision of this kind
might have on the business Of the
Washington Stock Exchange Is a ques-
ton of much interest, as the trading in
what are called "options" has become
one OF the special features of the daily
business. While the full decision of the
Chicago court is not at hand, it would
seem that what are designated as
bids and ''offers' bear a strong rela-
ton 70 the options of the local deal
ers. AS yet no question of legality has
ever been raised. but should one occur
the decision of the Chicago court would
probably be used as a precedent.
The Washington times., 1906-04-22
A Hot Contest.

The Bank Clerks had a rousing meet
ing on Thursday night last. the prin-
cipal object being the election of dele
gates TO the annual meeting Of the Ma
tional Association. TO be held at At
lantic City IN September. Now the boys
all contend that Atlantic City in Sep
tember is dull. They wou5d niuvn pre-
fer TO have the meeting IN July or
August, when things are moving But
stiu even in September Atlantic City
is delightful place and with several
hundred bank clerks unhampered by
the daily Job Of balancing accounts
excert OF course their own personal
ones-they could manage TO chase dull
care away end enjoy the charm OF old
ocean. NJ. to mention a few other little
deliSits inch the occasion would af-
ford
Tle Inlber OF delegates IS limited.
but tq- lumber Of candidates who felt
thu t-y would best represent their
chIY- e. w-s several times greater than
the limit would allow and there has
beer considerable good natured wire
pull ing a. secure the coveted honor. OF
cous-se it was all done IN true American
style and may the best man win" but
the unpurchasabIe voter has had sew
! eraI brands Of cigars good. bad and
/ Indifferent thrust upon him and in
/ cidentaIly been Informed that the giver
would like 70 go TO Atlantic City. 1t is
all over now. The delegates have been
/ selected, and, OF course. every ono
F, agrees that better choice could not
have been made. But the supply Of
| cigars hAs ceased
/ The delegates elected were Arthur G.
/ Plaat, OF the Traders Bank; Edmund s.
Wolfe. American: S Joseph Henry. Ma
tionaI Safe Deposit: Wallace NICK
/ StoweIl. OF the Lincoln: Josh Evans. r..
/ Of Riggs; Carroll Pierce. Alexandria; II.
/ D. Felt. American Security and Trust;
| Charles z. Bright, OF the Metropolitan
Bank; II. V. Haynes, Riggs Bank; h
/ V Hunt. OF the Commercial; John Rior-
( dan, OF National Capital; F. D. Naphis.
/ National Safe Deposit ana Trust; Lloyd
/ NJ. Tillman, as a representative OF the
| Treasury Department.
! Nominations for president FOR the
forthcoming year at the election TO take
place May were made. the choice fall
ing upon John Pool. OF the Washington
| Loan and Trust Company. who Is a can
didate 10 succeed himself, and Wallace
i NICK Stoxeli. whose activity in behalf
Of the local chapter has made him
l many friends who desire his elevation.
| The election promises 10 be a lively one,
as both men are very popular.
The Washington times., 1906-04-22
OUTLOOK FOR PROSPEROUS
SPRING TRADE GOOD
Country Giving Of Its Abundance to
the Pacific Coast
City.

Fuller appreciation Of the real extent
OF the appalling disaster at san Fran
cisco. says Bradstreet's. has had a So
bering effect upon the entire country.
but Il is recognized that the disturbance
has been confined 10 a comparatively
small area of country. and the rest Of
the nation. contemplating, as II does,
prospects OF bountiful crops and another
year OF great prosperity. finds itself
alike willing and able TO give freely Of
its abundance to help the stricken city
and state.
trade and news feature Of the week IS
of a pleasant nature. Crops. trade. and
industry, excepting only the coal situa-
ton. improve with the weather and the
natural spring tendency to expansion.
Retail trade shows considerable slim
uius as the result of warmer weather.
Devastation on the Pacific Coast and
a widened breach between anthracite
coal miners and operators, says Dun &
Co. were adverse trade factors Of grave
local significance. but the nation as a
whole is responsive to the favorable in
iuence OF good weather for spring busi-
ness, agricultural undertakings and
building operations-aH of which are on
scale never before approached. Retail
distribution of dry goods, millinery and
ndred lines is sJrpassing sanguine ex-
pectations and mercantile collections
are prompt as rule.
| Better reports are received from lead
ing departments Of the iron and stee
industry than at any previous time thi:
| year.
The Washington times., 1906-04-22
Need an Awakening.

While the meH'.I-s Of the stock ex-
change have been ~"il atteneei during
the past week the interest in he trad
ing has been decidedly Of a ne -ative
character. The public seer- TO be in
different 30 the movements - prices
and the commission business has fallen
OF 10 very small proportions. so much
so. IN fact, that IT has been noticed that
brokers' VINO frequently appear with
good orders are conspicuous by their
absence or when present give no sign
OF their intention 10 participate in the
dealing. The terrible calamity in san
Francisco has occupied much Of the ses-
sions In its discussion and is given as
one OF the reasons why both brokers
and their customers are indisposed to
take an active part. Whatever the rea-
son some increase in the trading IS de-
sirable or the possessors of seats will
begin 10 feel that SO 600 is rather a
large sum 70 have invested In them.
The Washington times., 1906-04-22
STARTS FOR FRISCO
TO FIND RELATIVES
City Electrical Engineer Allen Unable
to Hear From Parents, Brother,
and Sister.

Not willing to walt in suspense any
longer TO hear a possible unfortunate
fate of relatives in San Francisco, Dis
trict Electrical Engineer Walter Z.
Allen, with Mrs. Allen, started for the
coast city yesterday 10 find out
whether or not his father, mother. sis
ter and brother are among the victims
of the disaster.
Mr. Allen, who is a native OF Cali
fornia, and whose family are located in
San Francisco, sent a telegram 10 ms
father on Wednesday morning imme-
diately following the receipt OF the
press dispatches that San Francisco
had been partially destroyed by an
earthquake. Up TO this morning ne re-
ceived no reply. and his anxiety with
each succeeding day became greater,
particularly so when il was apparent
that his familys business interests
were -Yiped out completely by nre;
While Mr.. Allen entertains no DECIDED
fears that any member OF his family
has met death. because at present they
are living with General Funston and
are under his immediate care, yet ne
was unwilling 10 remain longer with
out news from them and decided 70
start early today TO give any possible
aid 10 them
The Washington times., 1906-04-22
BUILDING ENTIRELY
WITHOUT WOOD

There is at present nearing completion
in the city Of Bridgeport, Corn, build
ing which is unique IN the fact that 1t
contains no wood whatever and which
will be when finished as nearly fire-proof
as It is possible to make It. It is con
structed on the cantilever plan and is
supported by foundations of great
strength. The walls are of concrete, the
floors are Of a composition which is fire
proof. and the doors, window sills and
frames are Of metal The stalrcases are
Of concrete The structure is attracting
much attention on the part of engineers
and insurance men by reason of the fact
that the building will be absolutely de-
void of wood and thsL every feature of
construction has proved its value. there
being no methods employed that are ex-
perimentaL
The Washington times., 1906-04-22
Fortunate in Their Selection.

The growth of the trust company
business has brought into being an Of
fetal designated as trust officer. whose
position is one OF great responsibility
and Importance. requiring keen knowl-
edge of real estate values. together with
a thorough understanding OF the many
legal points that accompany the ad-
Vancement OF large sums OF money on
that class OF security. The qualifica-
tions required are not only those of a
good lawyer but equally the possession
OF a keen insight and prompt judgment
as 10 amounts that may be safely ad-
vanced on loans of that class in this
respect the National Safe Deposit Com
pany has been fortunate in their selec-
ton OF ". D. Hoover 10 hll that posi-
ton.
Born in this city. in "those days which
tried mems souls" at near .he close of
the civil war. he received his education
at the public schools. and. becoming a
student at Georgetown University. was
graduated from the law department in
1888, receiving the degree OF master OF
laws a wear later
In June. 1854. he entered the employ
OF the Real Estate Title insurance Com
pany. and continued with that company
until January, 1902. reslgning from the
position OF vice president and attorney
10 take the place now so well held, as
trust officer and second vice president.
In the spare moments of a busy life
he has devoted some time TO the htera-
ture Of his chosen vocation. and his ar
ucles on The Trust Companies OF
Washington city" in the souvenir
volume OF the American Bankers Asso-
citation. held here last fall, has been
widely commented on for its clear and
concise statement OF facts.
Possessed of a genial disposition and
a happy facility of readily adapting
himself 10 the varying demands upoI
MS time and attention. his caller feels
at once that his business will receive
the utmost consideration. while II ! II
one of a social nature only. the VI sitol
Is assured OF a pleasant and prof table
entertainment for the time spent.
The Washington times., 1906-04-22
NORWEGIAN MINISTER
WILL BUILD LEGATION

Through the office of Moore & Hill.
in connection with Swartzell. Rheem &
Hensey, the Norwegian minister. Chris
tian Hauge. has purchased a building
site on the southeast corner of Massa-
chusetts avenue and Twenty-fourth
street. containing 6,337 square feet of
ground. The frontage on Massachusetts
avenue IS over 100 feet. Architect
George o. Totten is now preparing plans
for a handsome residence to be used as
a home for the legation. This locality IS
becoming very popular with the various
embassies. the French and German
having secured sites in the neighbor-
hood
The Washington times., 1906-04-22
Taxing Corporations.

There is a well defined rumor that
scme action may be taken during the
present Congress looking 10 an increase
OF taxation on several Of our local cor
porations. In fact it is stated with
scme particularly that a prominent SEN
ator mas prepared and Will bring in bill
or at least endeavor 10 add an amend
ment to some OF the District bills max
ing quite an addition 10 the present tax
on railroads. gas and possibly telephone
companies. The feeling has not suffic-
iently developed 10 produce much OF a
scare TO the holders Of these securities
as the price on all of them has varied
but slightly during the present month.
1t is thought II such a bill should be
introduced it would meet with such de-
cided opposition that the probabilities OF
its passage are too remote TO be con-
sidered as in any way inimical 10 the
present values Of the stocks.
The Washington times., 1906-04-22
IQuotatIors furnished by Charles
EFFORT TO BULL COTTON
MEETS FREE SELLING

NEW YORK. April 2I.-The cotton
trade was induced to take entirely opti-
mistic view of the San Francisco sit
uation by the way the stock market
was rallied late yesterday and the way
cotton advanced in sympathy. Our
market started OF strong and active.
with an advance Of s TO 10 points in
sympathy with these advances, but the
buying stopped and a fresh liquidation
movement was started. One firm threw
over $4,000 bales shortly after the
opening and TWO or three houses with
Southern and Western connections were
also good sellers. The result was that
weakness developed and all the early
advance was wiped out.
The spot markets here today were
very dull and without quCtable change.
The following were the quotations
on cotton for the day:
The Washington times., 1906-04-22
LONDON STOCK MARKET
NERVOUS OVER BAD NEWS

LONDON, April 21.-Operators on
the stock exchange were still nervous
in consequence of the California
calamity. though trading improved in
spots prior to the settlement. Lnsur-
ance companies stocks recovered mod
erately on the cessation of forced sales.
Americans opened firm on reassuring
reports, but dealings were restricted
and prices closed irregular.
Foreigners generally were steady on
Paris advices.
Rates for money and discounts were
firm today. Much caution was eXer-
cised. owing to the uncertainties in
connection with the American demand
Francisco disaster.
The Washington times., 1906-04-22
CHICAGO GRAIN MARKET
ON THE DOWN GRADE

CHICAGO. H.. April 2i.-Wheat led
in weakness today. May reached sec as
high spot, but succumbed under pres
sure and closed isd1sc lower for the
0ay. The talk from Minneapolis of large
deliveries there during May and of the
objections to wheat in wooden houses
cut swath IN the matter of price max
ing.
Corn and oats were moderately active
and they sympathized with wheat. the
former losing 5sa94, and the latter was
off ismisc- Hog products lacked sup
port. and closed 5d71zc lower Primary
receipts: Wheat were 2S3.O00 bushels and
corn 2e9, 600 bushels, compared with 654.-
600 ard $4,000. respectively a year ago.
CIearances were $4,000 bushels wheat.
900 bushels corn, and $1,000 bushels
oats. Cash sales were three loads
wheat. six loads corn, and y 900 bush
els oats at the Seaboard. 2g.00o bushels
wheat $4,000 bushels corn, and 125, 900
bushels oats.
The following prices ruled on the
BOARD of Trade TODAY.
The Washington times., 1906-04-22
G STREET PROPERTY
COMMANDS GOOD PRICE

Jordan & Boomer. real estate brokers,
have purchased from W. 7. Wheatley
the property known as 1906 and 1908 C
street northwest, Immediately opposite
Epiphany Church II is their Intention
TO remove the old buildings that now
occupy the ground, and build a three
story office building. The property
fronts twenty-seven feet with oepth
of eighty-tWo feet. and contains 2.223
square feet, and the price paid was at
the rate of SIS per foot. The site ad-
Joins their present Office, and on the
completion Of the new building they will
remove to il.
The Washington times., 1906-04-22
STREET RESERVED
Fur PARK PURPOSES

The District Commissioners have trans
ferred TO General Mackenzie, Chief or
Engineers. for park purposes, the reser-
walton in Twenty-second street, between
Decatur and streets northwest. 1t
consists of an area of 1O9 feet in length,
by 60 feet in width. between building
lines The end abutting on s street Is
much higher than the other. The reser-
walton has been improved by hand
some stone terrace and steps TO give
access 70 the different levels.
The handsome residence Of Prof. c. ID.
Wolcot, of the Geological Survey, over
looks the reservation.
The Washington times., 1906-04-22
GIRL BRurALLY BEATEN.

Rose Bush. colOred, thirty-two years
old. living in Nolan's court southwest,
was assaulted and brutally beaten
about the face and head by Beasel
Banks, also colored. at Half and o
streets southwest last night. She was
sent TO the Emergency Hospital At
the institution she said jealousy was
the cause of the attack on her. Police
OF the Fourth precinct are looking for
EeRAsL
The Washington times., 1906-04-22
PRICE CHANGES FOR WEEK.

Prices are for quotation lots only:
sales ot fractional lots not noted High
est and lowest prices are for actual
sales. The close is the last bid made
The Washington times., 1906-04-22
THE LATEST NEWS AND GOSSIP OF STOCK MARKETS.
WASHINGTON STOCK MARKET
Z. April 21-Noon

Saturday. April 21-Noon:
Sales on the board including after cs-ii
amounted TO 957 shares OF stock.
Following are the sales and quotations
of tOday's market:
Washington Street Railway preferred.
50I9l, 100f9l-
Washington Street Railway common.
506I41a., 50lt41S4.
Peoples Fire, Sac
Greene Copper. 500q30
Norfolk and Washington Steamboat.
1880
After call-Washington Street Railway
preferred 50dS1. 50q91.
The Washington times., 1906-04-22
Washinrton versus Cincinnati.

A recent dispatch from Cincinnati
stated that "in view OF the recent activity
In securities listed on the Cincinnati
Stock Exchange, seats have been in
demand. and $500 is bid The last sale,
The Washington times., 1906-04-22
MEN ARE oUEERl

Mrs. Nubryde-Men are awfuliy queer.
aren't they.
Mrs OleWyfe-Yes Tba man who
hOwls loudest about dirt always kicks
hardest Ak housecleaning time.
The Washington times., 1906-04-22
Moderate Rally at Close.

The whole list Joined moderately in a
closing rally. In the last few minutes
the Improvement in Anaconda was Ia
per cent. Ice securities ruled strong.
Butterick, which reacted ? from the
highest, rose again to the top notch
The final tone was firm.
There was limited bond market, gen
orally steady. There was no change in
Government bonds.
The Washington times., 1906-04-22
No Heart for Business.

Naturally. the terrible calamity at
San Francisco has been the aI-absorb-
ing question OF the week. and business
among the brokers has dragged in con-
sequence. Wherever two or more have
gathered. the subject mas been the one
uppermost in their minds. ana there has
been little disposition to indulge in the
usual gossip connected with pending
deals or runors Of deals. The prompt
action OF the stock exchange in forward
ing expression of symuathy TO their
fellows in the stricken city evidenced
the deep feeling prevailing among all
classes It was hardly 10 be expected
that business would be very active
while the uncertainty lasted. and the
exceeding dullness is partially explained
in that way.
The Washington times., 1906-04-22
FINANCIAL NEWS ITEMS.

The New York Stock Exchange has
received nOtifica ton that the Westing-
house Electric Manufacturing Company
has increased its capital stock from So.
CO. 600 TO $5000O,O00.
The Washington times., 1906-04-22
HEARD ON 'CHANGE AND STREET

a few months ago. was at $3.50" And
Cincinnati. with a population $1,000 in
excess of washington. at the last CEN
sus, and the business metropolis Of the
great State of Ohio. feels quite proud
over this record. Wonder what It thinks
of Washington, where seats on the stock
exchange are selling at $1,000, and the
demand is In excess of the supply, as
the last three seats brought that figure.
The Washington times., 1906-04-22

house Electric Manufacturing Company
has increased its capital stock from So
OOO.Oc0 TO $5O00O.G00.
The stock Of the United Investment
Railways has been extremely weak since
the news came of the earthquake. Its
property consists OF the street railroads
of San Francisco. and there was abso-
lutely no market for the issues. Brokers
with selling orders had to take what
they could get, as prices could rot be
fixed.
Bradstreet's reports 167 failures IN the
United States during last week, against
I6l for the previous week \ bout 80 per
cent or the total number of concerns
failing had capital of 5000 or less and
. per cent had from 5000 10 $4,000 capi-
tai. ReportS from the Pacific coast were
incomplete on account Of earthquake
at San Francisco.
The North British and Mercantile Fire
Insurance Company Las cabled its New
York representative to pay losses sus-
tained in the san francisco disaster
as soon as they are adjusted, and TO con-
tribute 5000 to relief of sufferers. The
North British Company has outstanding
insurance in San Francisco to the
amount of s2.5eeo00.
If the Pennsylvania railroad and its
affiliated companies are to exercise
their rights of subscription 10 the new
issue of Baltimore and Ohio stock. they
will need TO furnish a little more than
$1,000. 600 cash by September. Their ag-
gregatc holdings of Baltimore and Ohio
common and preferred are S7l $50. 800, OF
which 10 per cent IS SO. 107. l35.
A. this time the Pennsylvania owns
and controls through it's subsidiary COM
panies IS per cent oF the stock of the
Baltimore and Ohio.
The situation IS a peculiarly interest
ing one. on account Of the pending Con-
Eressional investigation into the reie-
tions OF the coal roads and their rela-
tions 10 the coal mining industry as Il
whole.
The Washington times., 1906-04-22
FEW YORK BANK STATEMENT.

Following is the report OF total and
changes for the week. as reported by the
New York associated clearing house
banks:
The Washington times., 1906-04-22
PROFIT TAKING
RULED At CLOSE
GCOd Bank Statement Used
to Unload.
ONLY MODERATE CHANGES
Better Feeling Existed and Predictions
of a Strong Upturn for
Next Week.

NEW YORK. April u. - The market
opened with 10 wide range, generally a
little firmer. Many standard stocks were
unchanged. but there were only two or
three fractional declines against two
score fractional advances.
Before the publication Of the bank
statement the tone had become slightly
heavy, bat the favorable showing made
by the banks was followed by consider
able proht-taking- Fifteen minutes be
fore the close the average Of the stock
list was at a net loss of probably y per
cent. There was no money market and
London participation was nominal, II
existing at all
The Washington times., 1906-04-22
Losses and Gains About Equal.

Atchison, Northwest, Baltimore and
Ohio. Pennsylvania Railroad, Reading,
St Paul. Union Pacific, Southern Pa
cific, and Brooklyn Rapid Transit were
among the stocks to close more or less
off, and Northwest lost slightly over A
point In the industrial list Amalga-
mated Copper finished near the lowest
of the day The steel stocks held a
nominal advance Decided firmness was
shown by 800" St. Louis Southwest
ern. Anaconda. Colorado Fuel, Butterick
Company, and occasional other special
ties
The Washington times., 1906-04-22
NEW YORK COFFEE MARKET.

rouotations furnished by Charles C. Gates
& Co.. Muns.y Building.l
Saturday, April q: Fri.
The Washington times., 1906-04-22

Total sales yesterday. 1.193. 100.
Total sales today. 10000.
The Washington times., 1906-04-22

MONEY at AZ AND PER CENT
Promptly loaned On real estate in the Distrtcs
cs Columbia LOW EST COMMlSSlONS-
HEISKEGL & McLERAEs
zoos = ST. N W
The Washington times., 1906-04-22

EQUITABLE BUILDING, 1908 F 81. NV
John JOY Edison. President
Ellis spear, Vice President
Geo. W. CaSilear. I'd Vice President.
Frank p IaeesIde. Secretary.
aufe-tf
The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1906-11-16

DON'T PAIL TO aEF oIH acre
tracts OUT near the fufafufban rich alder
land. very easily cleared. no each. Easy
terms.