davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1906-04-01
Well Worth Considering.

Apropos Of the handsome structure
which the Union Trust Company will
erect on their new purchase at the
corner of Fifteenth and II streets, a
well-known business man made the
suggestion that the top floor could be
very excellently utilized for the pur-
poses OF a business mems club. There
is no such organization here and he is
decidedly of the opinion that the need
OF one is sufficient 10 ensure its sue
cess. In other cities they are very
popular AID he thinks it would not be
much troubiS- TO secure a couple OF
hundred membtrs who would be more
than willing to pay enough to carry il
on successtEilv. The location is an
ideal one are the building would be Of
sufficient size 10 permit of extensive
accommodations. The ideT could be
further embellished by adding a roof
garden which in the long summer sea-
son would be very grateful TO that
large class who are obliged 10 remain
in town the most of the season The
Board Of Trade need a good home and
a nucleus of a Merchants Club would
easily materialize If they we're well
housed and able 10 extend courtesies TO
all visiting business men. At least
that is the opinion Of one who says he
could easily secure a score Of members
among his OWE acquaintance.
The Washington times., 1906-04-01
new SAVINGS BANK
TO BE ESTABLISHED
Intended to Provide Accommodations
More Especially for People in
Government Service.

A meeting Of a number of well~known
citizens was held at 729 Fifteenth street
yesterday for the purpose OF organizing
a savings bank largely for the benefit
OF The departmental people who. IL Is
claimed, are not adequately provided
for in any OF the banks now doing bust
ness here.
The plan proposed provides that the
majority of the directors would be high
Government officials. and in many re-
spects it was identical with the plan out
lined by Secretary Shaw In his report
TO Congress. After thorough inter
change OF views a temporary organiza-
ton was effected by the election Of
Joseph Auerbach. president: James A.
Sample. vice president. and Reginald
W. Beall. secretary. 1t was decided 10
name the new institution the Citizens
Savings Bank OF the City OF Washing
ton. and place the capital stock at
s100, 900 of a par value of $40 per share
1t is the intention TO popularize the
bank as much as possible by selling the
stock in small blocks. and not allow
any large holders.
Among those present were Judge
Charles S. Bundy, John Quinn, Joseph
Auerbach. w. w Bowie, James A
Sample, Oscar J. Ricketts,. H p Hud-
dleston, J. o. Johnson, W. E. Abbott,
and others. The charter as prepared
was accepted and meeting viii be held
on April II to perfect the organization.
The Washington times., 1906-04-01
Is There Method in It?

As showing the drift of bearish senti-
ment with regard to the immediate fu-
ture of Washington Railway common, it
is stated by parties in interest that a
prominently active broker who has OF
late assumed a very bearish attitude
toward both the common and preferred
stocks of this company offered at Ben
ming early in the week TO wager any
sum from SO TO 81, 900 that the stock
would sell a. s37 per share before it
again sold at 43. AS this opinion is
daily backed up by offers TO sell large
blocks on the Washington Exchange.
and the offers arc so strenuously repeat
ed, it might seem that the efforts are
not entirely confined TO small follow
ing. Such tactics are common where
IL is desired to depress a stock for the
purpose of buying it up. though always
attended with danger unless the real
stock can be had If the offers are ac-
cepted. AS there is but a small borrow
ing demand for the stock reported there
would hardly seem to be any extended
short" interest that would cause
trouble
The Washington times., 1906-04-01
HEARD ON aCHANGE AND STREET
Would Poll a Full Vote.

Who is the best bank cashier in the
city, is n question hard to answer. Each
and every bank firmly believes their
own to be the best, and the customers
Of the bank are equally OF opinion that
the always pleasant and agreeable gen
tleman whom they do business with has
all the rest OF them beat a block The
cashier of the Traders National Bank.
John c. Athey, is such a very modest
gentleman that he would deprecate the
throwing OF verbal bouquets in his case.
but the depositors OF the bank are one
in the opinion that he is the best ever
Combining both experience and a most
agreeable personality. he is possessed of
the two principal attributes of a success
full official
He claims allegiance to "ole Virginny'
as his birthplace. where. in Leesburg.
fifty years ago. he first saw the light OF
day Coming to this city he attended the
public, schools of Georgetown. and at
fife Il took the gold medal as first honor
of thu school On leaving school he en-
tereJ Iron a mercantile life, and it was
not untI 1888 that he began his career
as a Tanker by connecting himself with
tbs banking house of Bateman & Co,
then well known 10 the Washington
community.
On the formation OF the Traders
Bank he was appointed paying teller.
later being advanced TO assistant
cashier and on the death OF Mr.. Bald
win, hi 1896. succeeded 10 the position of
cashier.
Mr.. Athey takes great interest in Ma
sorry, and twenty years ago was made
W. NJ OF George c. Whiting Lodge. f.
A A M. VIII he has since continued
Ia close association with. He is also
prominent in church affairs. being one
OF The stewards OF Hamline NJ. z.
Church Two years ago his services
were occurred as a trustee OF the Glen
wood Cemetery Association. which also
elected him as treasurer. the corpora
ton feeling assured that with his prac-
teal knowledge their finances would be
well looked after.
The Washington times., 1906-04-01
Something in the Wind.

There is still a strong presumption
that there is something doing in in
surance stocks and it will not down.
What IL is, those who are entitled TO
know will not say. but advise that the
seeker after news keep his eaF close TO
the ground and not be surprised should
something unexpectedly happen The
officials OF the several companies who
have been seen are apparently not in
the secret, but il is recalled that sew
eral deals have been pulled of in the
city during the last few years without
taking these gentlemen into the con-
fidences until final arrangements made
II necessary 1t is an almost open
secret that several tentative offers
have been made TO large stockholders
Of some OF the best companies and II
is also known that a quiet canvas has
been going on among the lesser ones.
A combination Of two or more local
companies would not be a far cry 70
judge by several straws-
The Washington times., 1906-04-01
LONGS IN WHEAT
AFRAID TO LET GO

CHICAGO. March 31.-There was a
barbecue in white on change and the
Wall Street bull longs were done to
a beautiful brown and devoured by the
bears 1t was one OF those days when
longs We're anxious to sell, but afraid
to press the grain upon the market,
knowing that increased offerings meant
a further slump in values. The close
showed wheat " q &c lower for the
day. Corn closed dull and Is a nc of.
Oats were y q &c lower, while pro-
visions were up 10Gl7he.
Primary receipts of wheat for the
day, 465.00o bushels. against $4,000
bushels and 5Ss.Go0 bushels respective
ly. year ago. Clearances We're ISS.-
600 bushels. Wheat, $4,000 bushels;
corn and oats $4,000 bushels. The
English visible decreased 1.5ss,000
bushels.
The following prices ruled on the
Board of Trade today
The Washington times., 1906-04-01
Community Loses Valuable Man.

In the death OF Frederick A sitter,
cashier OF the Lincoln National Bank
since its organization in 1880, and prior
TO that time for sixteen years connect
ed with the Second National, the haan-
cial community loses a valued member
who, while never pressing for prom
inence, was highly respected and whose
judgment was considered sound on all
matters pertaining TO local conditions.
The depositors OF Lincoln Bank, en-
braeing persons in all walks Of Efe.
found him ever ready to advise and as
sist them in the problems OF finance
with which he was so entirely familiar
and always ready to give his best at
tention to the calls upon him. The
officials OF the bank considered his
judgment good in all the details con-
nected with his position and left much
to be determined by him. His subord-
mates found in him a thoughtfuI and
kind friend and will miss his generous
and kindly counsel and the willingness
TO assist them whenever needed Com
ing up from the ranks himself. he
never forgot to extend TO those about
him the best wishes for their ad-
vancemeut-
The Washington times., 1906-04-01
The Absorbing Question.

The absorbing question. what will the
money situation be within the next six
months is a leading present question
among bankers. and opinions are differ
ing-an agree that nothing like strin-
gency is in sight. Some express them
selves as believing that after April Is
there will be a recession from prevailing
rates. Business is good, that means
money is being used; but is there
enough to go around without pinching
That's the other side OF the question
asked by the man Juggling stocks. Note
the bank loans in the big centers; keep
an eye on our foreign trade; don't forget
the conditions prevailing in the Euro
pean money markets, and then begin TO
talk about money 20 move the crops. or
to meet the demands of foreign govern
ments whose expenses have been so
tremendously expanded There is plenty
OF food for serious thought in contem-
Mating t.
The Washington times., 1906-04-01
'Increase.
MEXICAN GOVERNMENT
NO MATCH FOR SPEYERSI

CITY OF MEXICO, March Silt is
said here on trustworthy authority that
ar the meeting OF the board of directors
of the national lines of railway known
as the government merger system TO
be held in Salt Lake City April 2, John
+. Metcalf will be elected president to
succeed 3. NJ. Brown.
Mr.. Metcalf has a contract with Speyer
& Co. He Is now in the Philippines
At the last meeting of the directors of
the national lines the Mexican Govern
own only a minority interest in the sys-
TEN. showed that il was in possession
of 81 per cent of the stock. The Speyer
representatives were deposed and the
government directors put in their own
men.
Since then the Speyers have again OBJ
tanned control of a majority of the stock,
and win pat in Mr.. Metcalf &c manage
Tie property.
The Washington times., 1906-04-01

time the offer was denied by officials
OF the bank. but IL was then suggested
that some OF the larger holders who
had been approached were in a rather
more receptive mood. and were not
averse TO disposing OF their holdings
The canvass since that time has been
quietly proceeding and has been con-
Quoted so cleverly that some surprises
may be In store at no distant day II
has lately become quite the fashion to
buy UP and consolidate banks OF in
crease their capital. and the success so
far achieved but stimulates the desire
to do more along that line
The Washington times., 1906-04-01
LONDON MARKET ENDS
WEEK DULL AND STEADY

LONDON. March 31.--Trading on the
stock exchange was rather more cheer
full but the usual Weekend slackness
prevailed Consols were in fair demand
and rallied slightly on the monetary
prospects. Home rails were easy.
Americans opened quiet, and recover
ed to well above parity. Union Pacific
was the feature Though prices were
not maintained at the best quotations Of
the day, they closed steady.
Money was much wanted in the mar
ket today for calls and dividends, to-
falling nearly E30oo.ooo. About E1.oo0, 900
in bar gold will be available April 2.
and il is expected that most of II viii go
to France Discounts were easy. An
early reduction OF the bank rate Is ex-
1actea,
The Washington times., 1906-04-01
Good Buying in Large Blocks.
WASHINGTON STOCK MARKET
lrday, March 81. noon:

Saturday, March 81, noon:
Sales on the board amounted to 500. OOO
IN bonds and 1850 shares of stocks
Following are the sales and quotations
of today's market:
Washington Street Railway as, 10000
Sd@4. sl,0o0ae71s, $1.0004S7ss S10006S75Z.
S9.000QS7ts. BIOLOGISTS. sl.O00as7ss $1,000
Slss, S.0o0qS7ts, sl,000aS7sS, slOOOaS7Ss.
81 .00odS7ss 90
Chesapeake and Potomac Telephone
a's: Sl.Oo0g10612 8. 000dlO61. 81 ,0D4lOsiz,
S3.00GG 1861.
Washington Street Railway preferred.
1885, 4qS9s1.
Washington Street Railway common,
50qz19s. 50q41z, 50GH%, 5OG4Is4. 20oa4I7s,
50H4lH, 506fss.
Washington Loan and Trust, 1Oa21s
Union Trust, 10qi61, 10ql6l, I0Glel,
10q161, 10q161, 10Q1e1, 1OdI6l, IOd16I'
33l61. 1oq16l, 10Q1e05s. 10a16O1z, lOGi6OlL'
Iod16o15. 10Q16o5z. 10916o1k, Io616oK'
2G161.
Metropolitan Bank. 1O@sSs5s, 1Oass5. 10
4335, 10Q33454, 104334ss.
Peoples Fire Insurance. 42G6ss.
Washington Gas, 25@60&
Lanston, 100Q15a4. 10vq15%, 1OOGl55s "A
G16s1. 100G15Ts, 100q15z
Greene Copper, 100Q3ois, I00daOk.
After call-Lanston, 200GI5st.
The Washington times., 1906-04-01
Keeping INCREASINGLY at 1t.

The continued buying of the stock OF
the Lincoln bank, which is taken at
s150 whenever il is presented at that
price. corroborates largely the story
published some weeks ago in this col
umn that an offer had been made for
a controlling interest at a figure APP
proximately close to this sum- Al the
The Washington times., 1906-04-01
MARKET CLOSING
ACTIVE AND STRONG
Rallied Sharply After Bank
Statement.
STEEL STOCKS WELL TAKEN
Effect of Strike Appears to Have Been
Discounted by Strength of
Coalers.

NEW YORK, March 3l.-The
a lower. The New York opening
OF the international list was on precisely
the same level. Occasionally there were
changes. but only among inactive spec
iaities. in which there were especial
operating causes. Pittsburg Coal. for
example. closed weak Friday night. be-
cause the outlook then favored strike.
The difference in price was from 10
2ls per cent. For the third time recent
~ the control of the Wisconsin Gem
trial has changed hands. Each time the
control changes there is a little market
stimulus and there was this morning
Consolidated Gas on the other hand
showed a definite weakness. with a
maximum loss of IA. which was at
tanned by marketing $500 shares of long
stock
Timidity at the Opening.
Ten minutes after the opening the
general tone was strong. A fairly ac-
live, but scattered. market developed
Ii had petty rallies and reactions until
the publication of the bank statement,
upon which 1t rallied rather sharply.
The statement was favorably construed
A loss in cash was about one-half the
popular expectation, nominaily at least
loans were decreased and the loss in
surplus reserve can hardly prevent the
reaction Of money to its normal level
after the first of the month Another
Item which should have considerable
sentimental Importance is the discov-
cry that comparatively large amount
or gold can be obtained in Berlin, if
conditions warrant its importation.
Good Buying in Large Blocks.
The market during the last half hour
was fairly active. The best prices OF
the day were made shortly after 1850
A little sag followed, but the rally was
resumed and the close was strong. al
most at the highest On the whole
Steel common, Union Pacific, and Brook
iyn Rapid Transit were the leading is
sues. The strength of Steel common
was especially suggestive, having prob
ably 10 do with the coal strike situa-
ton. Consolidated Gas, Chicago and
Northwestern and Pacific Mall were
among the stocks TO close lower.
The bond market ruled steady to firm.
Government bonds unchanged.
The Washington times., 1906-04-01
NEW YORK BANK STATEMENT.

NEW YORK, March a1.-The state
ment of the clearing house banks Of
this city for the week shows that the
banks hold s131.e75 over the legal re-
serve requirements. This is a decrease
of 81, 2S2,5Oo under last week. The state
ment follows:
The Washington times., 1906-04-01

The buying of Washington Railway
bonds, which of late has assumed large
proportions, shows how well thought of
these securities are. They buying has
been of the highest investment charac-
ter. the purchases representing bankers
and brokers representing the best class
Of investors.
The Washington times., 1906-04-01
ENGLISH SINNERS
TO SEE PRESIDENT

BOSTON. Mass. March u-The Eng
fish cotton spinners, now touring this
country on a study OF American meth
DDS. left for Washington this morning.
and hope to see the President on Mon
day.
The Washington times., 1906-04-01

One year ago the stock Of the Com
mercial Bank was selling at l6s. and an
offer 10 pay that price for 100 shares
was considered rather rash Since that
time it has sold at 40. and is now held
very close TO that figure.
The Washington times., 1906-04-01
Brief Comment.

Early last summer Secretary Lund in
an excited moment offered trip to Eu-
rope 10 any one who would put the price
Of Lanston up TO 80. With the forth
coming dividend. the task might now be
an easy one il Secretary Tom would
renew fl
The Washington times., 1906-04-01
CAUSES FOR APATHY OF
LOCAL STOCK MARKET
Moneyed Interests Receive Scant Cour-
tesy for Neglect to Come to
Assistance.

Griffin Halstead & Co. in their regu-
lar weekly letter say:
The apparent apathy in the local mar
ket and the failure OF standard issues
TO make gains are due to general causes,
some of which are natural, while 9th
ers are purposely created by the money
ed interests that, from time imrnemor-
ial. have invariably and continuously
sought TO promote their own ends.
Methods are frequently changed. but
further financial gain as the dominant
purpose and incentive underlying all
market movements. whether natural or
artificial, is always the same
This observation is particularly ap-
plicable 10 the present situation. which
has resulted largely from the dumping
Of local securities upon our market by
life insurance companies and other New
York interests They have been well
and bravely taken, though the specula-
tive element has since been cOnsiderab bly,
harassed by the more or less unaccom-
modating attitude of the banking in
terests. This policy. combined with
adroit efforts to gun for nervous hold
ers has produced what might be term
ed a period of soggy dullness. in antici-
patton of a something doing" day when
the big ones will he there with the coin
and the basket
In the meantime dearth of commits
sions causes brokers 10 be restless, with
thep leasant pastime OF dog eat dog
as their chief occupation. while the To-
cal investor looks on with mixed senti-
ments of amusement, doubt and dismay.
The Washington times., 1906-04-01

The quick recovery in the price Of
Metropolitan Bank stock. which yester-
day sold as high. exclusive of the divi-
dend of IS per share, as il did earlier in
the week with the dividend on. is the
best testimony to the high opinion held
of this successful institution.
The Washington times., 1906-04-01
Washington Railway Bonds Popular.

Washington Railway and Electric As
were again the feature of the week
trading. $4,000 changing hands, with
but little alteration of price. The COM
mon had a down and then up move
ment of about a point. several thous-
and shares being handled without net
change in price for the week.
Lanston held steady but did not ad-
vance on the announcement Of the exec
utive committees recommendation to
pay 2 per cent April %. which if done
semi-snnually would put the stock on
ONLY a per cent basis at l6.
Banking shares were without feature
except that there was a disposition. es-
pecially at the weeks end. TO market
Mon Trust stock
The Washington times., 1906-04-01
COTTON MARKET LACKED
SPIRIT, CLOSING HEAVY

NEW YORK. March 31--The action
OF the market today proved most con-
clusiveiy that the sharp rally OF late
yesterday was almost entirely due to
manipulation and covering Of shorts.
fhere was very little buying power left
IN me market, Notwithstanding that
the Liverpool markets made a full re-
Spouse 10 our closing and the Ffuan-
cial Chronicles weekly crop ana wealth
was buliish
The market opened barely steady and
uncnansed 10 points higher on the
May option. with July later ADVANCING
about points Most of The rraders
had covered their shorts and doubled
up on the long side in following vester-
days closing But as there vas no
new aggressive buying today they tried
TO sell out after the end Of the 1ifSf
hour. The weight OF their offerinrS
then broke the market about 10 points
for the old crop from the opening ono
tations and about points for the hal
ance OF the list The market finally
closed dull and barely steady at a NET
decline Of 70 points
Following were the quotations OF the
day IN the cotton market:
Clos.
Omen High Low Clio ye.f
The Washington times., 1906-04-01
FULL MEASURE.

Russia's war cost It 1888. Ooo,O 900, but it
cannot complain that it did not get all
the war it wanted for the money.-De-
agoit News.
The Washington times., 1906-04-01
NEW YORK COFFEE MARKET.

Iouotstions furnished by Charles G. Gates
& Co., Rfunsey Buiiding.l
Cot..rdn,- March II Gins
The Washington times., 1906-04-01

This would make il impossible for
the market critic to overvaIue or IN
dervaiue price movements. II is obvious
that it would prevent him accompany
ing half point advance with two
point jump in the adjective used At
the present the first half dozen could
take vacation without risk.
The Washington times., 1906-04-01
Market Adjectives.

Criticism on price movements OF
stocks suffers so much from an insult
ficient appreciation OF the value Of
words that a scale OF adjectives for
daily use seems desirable. How would
this do:
The Washington times., 1906-04-01

Total sales for the week. 4,sS4, 80
Total sales for last week, 3,6z3, 800.
Total sales for previous week, ans. geo
The Washington times., 1906-04-01

Z. S. Steel SIS. 80 $685. 80 e9k 9sz
r i. 4.s----------- 1873 7sN 7szs 7s7s 7sls
Leather Holy f0iZ 1of% 1of%. f0is.
Total sales yesterday. 7S2. 500
Atchison rights, H
Call money closed yesterday at per
cent
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-06-14
Close With Thanks :,;ls' $;
TEACHERS CONVENTIONS
Governor Sends Letter Of Regret,
But Full of Spirit.
,nocial3st to me Times-D lspatch,)

&ss9s (Spccal to The Times ID sPatc h) sg3 &
RALEIGH, N. g.. ~ une 13.-T7Alore than
ono thousand teachers have already Ar !.
rived for the sessions Of the North Caro-
lima Teachers Assembly and summer.
School. which convened last night at the
AGRICULTURAL and Mechanical Cole
One OF the principal features OF the ses-
sion this morning WAS to have been an
address by Governor Glenn, THIS TO ne
followed Tonight by a reception In honor
Of the teachers a 4 the g overnor's Man
sion tonight. Instead OF the address the
Governor sent a letter OF regret, which
y as read ts5 he assembly and received
with great sen thusiasn..aaIn N the tier n Q
Governor expressed regret at not belnh
able D ths;ss to appear !! In person ahefor
the assembly : his morning or pc present
~ night at IT,; reeeptlon at the mansion,
which, however, s.s would bef stYen a.
though he were present and partlc TN 3.
aIs;O,her features OF the session to7day
WEI 4 nd dresses 4 by Or. G. Alphonso
fSnisi,.,5of the University OF North carr,
lima, and Miss Celesta Parrish o. tne
Georgia State Normal School.
u During the afternoon, there Were ses7
gslons OF the North Carolina Assoeia. ~
OF Academies and the state Assoc9a' uoH
Of Primary Teachers. i,
Tonight President W T,Whllsett ae-
Slvered his annual address. ana mere
after the teachers repaired 70 the gov
Irnor's Mansion for the receptioh IN non non
or OF the assembly.