davidaulloa/AmericanStories huggingface dataset:
Evening capital. (Annapolis, Md.) 1884-1910, 1906-01-05
State Poultry Exhibition.

Wilmington, DEL, Jan. 5.-The an.
nual poultry show given under the
auspices of the Diamond State Poultry
Association, was opened today at Tur-
ner Hall. The number of entries is
unusually large and the quality of the
exhibits superior to that in former
years. Many prominent faneiers and
breeders in other states have donated
premiums and prizes for this exhibi.
tlon and there is strong competition
in several of the most important
classes, particularly in pigeons.
Evening capital. (Annapolis, Md.) 1884-1910, 1906-01-05
Probably Condensed Food.

Washington, d. O., Jan. 5.-It has
been decided by the naval authorities
to equip the navy with the army
emergency ra'ions and in the near fu
ture six thousand of these rations
will be purchased for the use of land.
ing parties and in the exercise of
abandon ship" The navy has never
had an emergency ration of its own,
but it is the wish of President Roose-
velt that more work shall be done by
landing parties extending over several
days.
Evening capital. (Annapolis, Md.) 1884-1910, 1906-01-05
Insurance Notice.

am soliciting People to join the Mutual
Fire Insurance Company. of A. 4. Co.--and
desire some protection against loss by IRE, at
actual cost. ] can not get around 30 cs'fl on
YOU all. in time 50 ! most cordially ask YOU
to write US before your policies expire and
let us figure on it, with you and see II Il VIII
not be TO your advantage 70 join as ana take
advantage OF this Mutual Home Protection
Address. II. :. MANCHA. Secretary.
Glen Btlrnie Md.
% church Circle, Annapolis. ais
Evening capital. (Annapolis, Md.) 1884-1910, 1906-01-05
SPARKS FROM THE TELEGRAPH
NEWS ITEMS OF INTEREST TO
GENERAL PUBLIC.
The Standard Oil Investigation
To Honor Hudson's Mem
ory Guardsmen
To Meet.
LIGHT FOR THE STATUE OF
LIBERTY.
Iowa Agricultural Union.
Special Dispatch to Evening Capital

Ames, Ia. Jan. 5.-The annual
meeting of the Iowa Agricultural
Union opened at the Iowa State Agri-
cultural College this morning with a
large attendance. Many prominent
alumni of the college and others in
terested in the agricultural develop.
ment of the state are in attendance.
Evening capital. (Annapolis, Md.) 1884-1910, 1906-01-05
Light For Liberty Statue.
Special Dispatch Evening Csoita..

Washington. u. c.. Jan. 5.-Con-
gresham Joseph A. Goulden, rerre-
senting tie Eighteenth Congressional
District Of New York in the House of
Representatives, has acted in accord
ance with the wishes of a large num-
Der of New Workers, when he intro
Evening capital. (Annapolis, Md.) 1884-1910, 1906-01-05


man Lewis ID. Causey, of Berwick.
Miss would be the next first olassman
to answer TO hazing charges How
yer, he has not received the copy uf
his charges aud is not under arrest.
and there is no official authority fer
the report. Causey played center on
the football team ana has TOWed on
the crew for several seasons. He is
above the middle Of the class ia scho-
lastic work. and the report OF tho
charges against him occasion as much
regret as did young Dceatur's trouble.
The same rumoT make Causey's diff
culties connected with the "Hungar-
ian Band, the organization Of fourth
classmen which gives "A minstrel per-
formance for the benefit of the upper
Classmen The leader of this agRrega.
tion is Howard n. J. Benson, OF Ma.
con. Ga, and it is for tho hazinR of
Benson that the rumor has IL that
Causey is to be tried.
The Hungarian Band affair Is
not considered severe form Of haz-
ing, in fact, 1T is said that it's members
rather enjoy the performance. In it
arc several baBjoists and vocalists.
as well as one or two comedians who
tell funny stories
Evening capital. (Annapolis, Md.) 1884-1910, 1906-01-05
Divorce Granted.

Judge James Reven granted a di-
vorce a viDculo matrimoni to Louis
Holland from his wife Iasbella Hol-
lard, through his counsel, n. AIRING
ton Thompson. Abandonment and
desertion was alleged in the petition.
Evening capital. (Annapolis, Md.) 1884-1910, 1906-01-05
- FOR SALE 4

Handsome Cottage oa 9th street Eas7port
formerly occupied by II. c. DeLeun. House
SIX rooms and bath. large loft
range, pantry and water in kitchen, L;strobe
stove in Dlnfng room. All rooms neatly
papered, stable in yard. lot 40Nl6i. also ad-
Joining lot 100NI63 n Leased for two years
10 good tenant at Sl6.O0 per month. VIII sci
reasonably. Apply TO HARRY c. DEI.Eo y
fN Main ST d&
Evening capital. (Annapolis, Md.) 1884-1910, 1906-01-05
Cemetery Report

Keeper Isaac Nachen Of st. Aune s
cemetery has handed i'm his monthly
report for the month ending Dec. 3 H.
1905. The report shows five interments
during the month, four adults and one
child having been buried in this ceme
teTy
Evening capital. (Annapolis, Md.) 1884-1910, 1906-01-05

WANTED-TO RENTl OR s. ROOMS for
Light Housekeeping or a Small House.
Apply at Capital once, jiSt
Evening capital. (Annapolis, Md.) 1884-1910, 1906-01-05
WANTEn


WANTED-A COLOREDMAN TO HELP
" about Restaurant and as wa tier. Ap-
ply to Germania Hotel, t65 Main ST. j4St
Evening capital. (Annapolis, Md.) 1884-1910, 1906-01-05

WANTED-A COLORED WOMAN TO
" Cook Wash and Iron. Apply 80 III
Gloucester street j4w
Evening capital. (Annapolis, Md.) 1884-1910, 1906-01-05
FOR RENT

EOR RENT FURNISHED ROOMS FOR
RENT. Apply to 65 East 81. liSt
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-03
CLAIMS TO BE HEIR.
Herman Schmidtman Says He il
Greatuncle of 81. G. Mattern.

A probable heir to the estate of Heinrich
Christian Mattern, who died fntestate last
Wednesday, leaving property valued at
about $1,000, has been found In the person
of Herman Schmidtman. who states that he
is a greatunce of the deceased on the ma
ternal side This relationship is set forth
in caveat flied today to the petition pre-
viously presented by Joseph A. Dempf. ask
ing for the appointment of a collector to
handle the proceeds of the estate. In the
caveat Mr.. Schmidtman says that he Is the
only living relative of Mr.. Mattern, and as
such he claims that he is entitled to oe APP
pointed collector of the property.
Mr.. Sehmidtman is prepared to prove the
relationship claimed. according to Attorney
Leon Tobriner, through whom the caveat
was fled Mr.. Tobriner says his client was
influenced In not fling the petition earlier
by ideas of propriety. Mr.. Mattern's funeral
not having occurred until yesterday after
noon at o'clock. Mr.. Schmidtman, ac-
cording to his attorney. desired to avoid un-
due haste and wished to give time for the
finding of a will in the event OF the exist
ence of a testament. sss
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-03
THE GRAIN MARKETS.

CHICAGO. March 3.-Wheat opened easier
here today on general selling by pit traders
and commission houses. The heavy fall Of
rain and snow in Missouri, Kansas and
Nebraska and the southwest, coupled with
the fact that the weather was less cold
than had been predicted induced the bearish
feeling. Liberal receipts from Australia
helped to depress the market May opened
a shade to " lower, so to S0lsaA, and sold
down to 1914.
May corn opened shade higher on high
er prices at Liverpool, but soon eased off
to 427sa43
May oats, in sympathy with other grains.
declined to 30a1s
May provisions opened firm, pork at 1875.
lard at $50 and ribs at SIS to S17E.
Later the wheat market became very
weak, and on general liquidation prices
broke sharply. the decline continuing until
the close. The low point for May was
reached at 1872 The close was decidedly
weak with May down rs at 1895.
The corn market was weak along with
wheat. May closed al a net loss of ssah
at 429s.
Iose-Wheat-May. 1885; July. 7Ss.a7Szs.
Corn-May, 425sa42s4 July, 43Ba43A
Oats-May. so; July, 20.
Pork-May, 10. 421a; July, 1915.
Lard-May, $50; July, 100.
Ribs-May, S15aS.171H; July. S20as. 22k.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-03
NEW YORK BANK cLEARANcEs.

NEW YORK. March 3.-The statement of
the clearing house banks for this week
shows that the banks held s5,00S. 750 over
the legal requirements. This is decrease
OF $116.975 under last week. The statement
follows:
Loans. 5000. 1913. 700: decrease IS. 463. 100.
Deposits. s1O2S, 545 600: decrease, s12, 1853.
700.
Circulation 500 1901, 900; increase. $119,SO0.
Legal tenders. $40, 722, 200; decrease, s341.
000
Specie. s1s2. 672. 500: decrease, 81, 9e4, 100.
Reserve, $3.50. 395, 600; decrease, s., 3O5, 400.
Reserve required. $2o7 1856, go: decrease.
s., 1SS, 425.
Surplus. s500s. $50; decrease. s116.975.
Ex-United States deposits, STAT 25; de-
crease, Sf1315O
Money on call nominal: no loans. Time
loans steady: sixty days and ninety days,
so per cent six months. 5A
Prime mercantile paper. 5a5A per cent.
Sterling exchange firmer, with actual busi-
ness In bankers bills at 4S575a4S5S5 for de-
mand. and at 4.S250a4. $500 for sixty-day
bills Posted rates. 4.S31ka4S7. Commercial
bills, 4.S2a4. S2ls. Bar silver, 64x Mexican
dollars. 80.
Government bonds firm. Railroad bonds
irregular.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-03
The World Of
Finance and Trade
THE COTTON MARKETS.

NEW YORK. March 30.-The cotton mar
ket opened firm at an advance Of 7a13
points in response to higher Liverpool
cables, the big spot sales at an advance
of IA points in the English market and bull
lish estimated weak figures. There was
tive covering at the advance. but realizing
was also very heavy and the market sagged
off after the call with prices in the middle
of the morning about 10 points higher on
the active months. The tone was steady.
Futures opened firm. March, 1851; April.
1858; May. 1915; July, 1898: August, loss;
October, 10.3S; December. 1910.
Estimated receipts of cotton at the ports
today, 13,eeo bales, against $500 last week
and h.477 last year. For the week, $4,000
bales, against 1e4.O61 last week and 16a.G64
last year. Todays receipts at New Orleans,
5,G61 bales, against 4.467 last year, and at
Houston, 2,24S bales against 6,S13 last year.
Futures closed steady. Closing bids:
March. 1853: April. 1887; May, 1880; June,
1888; July, 1898: August, 1887 September.
l0.45: October, 1876; November, 1887; De-
cember. 1923
Spot closed steady: middling uplands,
11.3O; middling gulf, 11.55: sales, none.
Today's Cotton Summary.
Quotations furnished by Atwood Violet & Co..
members New York and New Orleans cotton ex-
changes. Washington branch office, 713 14th street
northwest.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-03
Liverpool Cotton Prices.

LIVERPOOL, March 3.-Cotton-Spot-
Good business done; prices IA points higher:
American nli1ding, fair. Gil; good mid
ding, 610; middling, 500; low middling,
$40; good ordinary. 5.5S; ordinary, $40. The
sales of the day were 12G00 bales, of which
1000 were for speculation and export and
included 9,100 American. Receipts, 1900
bales, including 2,1O0 American. Futures
opened firm and closed firm; American mid
ding G. o. c. March, SIT: March and April,
SIT: April and May, 5.79; May and June,
5.S2; June and July, 5S4: July and August.
$50; August and September, 5.S3; Septem-
Der and October. 5.6S; October and Novem-
Der, 5.64; November and December, 5.63.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-03
Reported Relief for Money
Stringency Revived Prices.
WAS REFLECTED IN LONDON
Corresponding Gains Shown in the
Local Market.
MERCANTILE REPORTS GOOD
Railway List Was Generally Firm
Striking Feature of the Bank
Statement-ClosingH Heavy.
WAS REFLECTED IN LONDON
MERCANTILE REPORTS GOOD
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, March 3.-The announce
ment that Secretary Shaw had decided to
take some action looking to relieving the
monetary stringency was first reflected In
the London stock market this morning.
where American shares were quoted at ad-
vauces ranging from fractional limits up
TO more than one point. Corresponding
gains were shown in the local market in
the early dealings. and the Improvement
then made was fairly well sustained dur
ing the course of the business session, not
wthstanding the general approximations
that the bank statement would show a
serious reduction in surplus reserves There
was also much criticism. mostly of petty
character, with regard to the adequacy or
Secretary Shaw's action.
Profes sional traders with bearish procliv-
tiles were indeed disposed to minimize the
Importance OF the relief extended to the
monetary situation by the Treasury De-
partmeut and these criticisms were carried
10 the extent of suggesting that the treas
ury action would have an unfavorable in
fiuence i'm the foreign exchange market.
There was a virtual absence of other news
of Importance over night. and such few
occurrences as were noted were quite over
Swallowed by the treasury announcement.
The weekly reports of the mercantile
agencies We're satisfactory exhibits and the
grain market was favorable on advices
from the winter wheat belt. There was lit
tie news relating to individual stocks, and
market movements resulted mainly from
technical trading conditions. Consolidated
Gas securities advanced in common with
the remainder of the market In the early
dealings but later on reacted on the re-
newal of the liquidation which has been
conducted there throughout the week, based
on the prospective reduction in the selling
price for the companyS product. Amalga-
mated Copper was likewise under consider
able pressure. Otherwise the industrial and
miscellaneous shares were steady, with
marked animation in the United States Rub
Der stocks. The hallway list was generally
firm, with noteworthy activity in Union Pa
Cifc. Southern Pacific. Erie. Reading and
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-03
ERIE AFTER TRAFFIC.
Officials Resolved to Get Business for
the East

NEW YORK, March 3-The Erie railroad
is determined to retain Its share of the
eastbound passenger traffic from Chicago.
even If it has to fight for 1t, according to a
statement made by an official Of that COM
pany today:
I'VE are fighting to protect our business" "
said the official. 1.-The Erie has a 81 differ
entail on account of length of line and time.
We have been getting a good share of the
traffic. Other roads want it. We are fight
ing to keep 1t. At that a rate war will
benefit the public. 1t Is not likely that
there will be one, but the Erie Is going to
use all fair and legitimate means to keep
what 1t has,"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-03
LOCAL FINANCIAL NEWS

Better prices are evidently expected for
the common stock OF the Washington Rail-
way and Electric Company. at least that
might be the Inference baked on the trad
Ing OF broker at sfodays meeting Of the
stock exchange. He bought an option on
500 shares OF that stock for sixty days at
90. and then subsequently he offered 800
for call on 500 shares for sixty days
at 4sx.
The call was sold to him, and If he exer-
cises his right and taAes the stock at the
figure named 1t will stand him 44z. As
this method OF trading Is not provided for
by the rules OF the exchange. no record
was made OF this transaction. but was left
as a private understanding between the
two brokers.
A suggestion was made, when 1t was
brought out that that form of trading
could not be recognized under the present
rules, that 1t might be good plan to
change the rules. 1t is probable the mat
ter will be called to the attention of the
governing committee.
The call which is a common mode OF
dealing in Wall street. has the advantage
over an option from the fact that the buy
er of call is under no obligation to take
the stock. He pays the bonus for the prfvi-
lege of taking the stock within the period
named and at the figure named, but there
his responsibility ceases
The purchaser of an option, however, is
obliged to pay the interest on the stock for
the period named, and at its close Is
obliged to take the stock.
However. while the transaction might
look as If the stock Is believed to have an
advance in store for 1t in the near future.
it was also noted that the seller of the
option offered another e-hundred-share
lot option at 43A This latter was not
taken. There was not much market for
the stock, some transactions being at frac-
tional advances above ~. and at the close
the bid was 421s and the asking price 43.
Nothing at ali was done in the preferred
stock of this company, and perhaps the
only feature OF interest was that which
occurred while some effort was being made
to trade when bid of S9A was made for
an option. The stock was to be had at that
figure, while the bid was ssss. But slight
improvement over the record of quotations
sof yesterday in this stock was shown.
The bonds were for sale on a somewhat
lower level than was the case yesterday,
but there was no trading of consequence
An attempt was made to do something
in Capital Traction stock, but the usual
supporters refused to come in on the level
that was maintained and saw the shading
off in the figures without concern.
The old-tinle galloping pace was again
resumed when the insurance stock list was
reached and the figures were ratified on
as If they were something that was perma-
nent and no change was contemplated. The
result proved the CORRECTNESS of this idea
to large extent. and while the process or
lowering the bid prices was continued TO
some extent, yet there was no real interest
taken in this speciality and practically no
effort made to trade
The recent movement in this list. which
resulted only in putting up the bid price,
seems to be over, and il is still question
whether it was not largely Of galyanic
character.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-03
THE BALTIMORE MARKETS
Special Dispatch to The star.

BALTIMORE, Md, March 3.-WHEAT-DulI and
easy spot contract, S4aS4A; March, Sias4A; April
e4aae5; May, s3t2; steamer No. red TSaISL4;
receipts, 1888 bushels; southern on grade 7SaS4
CoRN-Quiet; spot 4Gz4 al8Js; March i6s.ai55h:
APRIL iI1saiIYs May ,iSaisls: July, 40; steamer
mixed a39sa451a: receipts l33, 495 bushels exports
l45, ia bushels: southern white corn 44%a4T1s;
southern yellow corn. 43%@a4CA
OATS-Quiet; No. white, 36a36A; No. white
3oa35la; No. mixed, 3il9a35; receipts. 81, 1872
bushels.
RYE-Duil; No. western, 67a6s, export; Tia
y, domestic; receipts, IL, AT bushels
HAY-Quiet, unchanged.
GRAIN FREIGHTs-Easy; lid, March; 20,
April.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-03
Died During the Night.

William Robinson. colored. called at the
home OF John E. Ford. 1O4 South Carolina
avenue, about o'clock yesterday afternoon
and said he was tired. Occupants Of the
house put him to bed. When member OF
the family this morning ABOUT O'Clock went
to the room In which the guest had been
put to bed It was found that he had died
some time during the night. Coroner New
tit made an Investigation. and gave a GER
tiicate Of death from natural causes.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-03
Bank Statements Feature.

he most striking feature of the bank
statement was the cash item. which showed
a decrease OF only SS.aU5,00J. practically all
of the preliminary estimates having pointed
TO q much larger sum than that shown
AS had been expected. the loan account
set forth a material ourtailment, the re-
ducttcu there amounting to $S.l63. 900 The
changes In the loan and cash Items were
only approximately retiected in the deposit
account, where the decrease shown was
sl2 7J3, eco. In consequence of the other
changes in the statement surplus reserves
decreased only about $1,000, and the
banks now hold S50uS,tG0 i'll excess of the
lawful requirements. Surplus reserves in
the corresponding week of last year were
sS,SS9,OOO, In 1904 $29.,H3,GG0 and in 1893
SGdG. COO
The stock market became somewhat reac-
tionary after the publication of the bank
statement and closed with rather heavy
tone. The continued pressure upon Anal
gamatei Copper, for which no specific eX
PLANTATION appeared. was the most discussed
Feature OF the dealings and one that was
unquestiOnably influential upon the course
of the market at large.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-03
Indiana Orators to Entertain.

The Indiana Society Of this city has ar
ranged a program ce entertainment for
Friday evening, March o, at the Washing
ton Club. ITO I street northwest Rep
resentatives Clancy and Dixon OF Indiana
will be present. Several addresses will
be made, and William H Smith OF In
dianapolis. author OF THE History OF In
DIANA will read paper on early IN
diana Orators. The Rebrew Orchestra
and quartet will furnish music.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-03
designations Accepted.

The designations OF James T. Owens. q
driver In the metropolitan police depart
mert. and Of E. G. A. Gafleld. private OF
class one OF the nth precinct, were ac-
cepted by the Commissioners today Owens.
leaves the department ON March ~ and
Gaffield on March Al
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-03
Government Securities.
Worlds Visible Supply of Cotton.

Secretary Testers statement of the
worlds visible supply Of cotton. issued at
New Orleans, shows the total visible to be
b.146.12 bales. OF this the total of Ameri-
can cotton Is 3.6o6.12 bales. and OF all
other kinds including Egypt. Brazil. India.
etc. 100000 bales. OF the worlds visible
supply OF cotton there are now afioat and
held In Great Britain and continental Eu-
rope. 2. 54s.ooo bales; in Egypt. $4,000 bales:
IN India. 1000 bales. and In the United
States. 1.442. 600 bales.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-03
Washington Stock Exchange.

SaIes-ReguIar CALL - O'Clock Washington
Rwy and Elec. As. $500 at So. $500 at s7A
Washington Gas cert, $500 at III.
Capital Traction, 10 at 1851. 10 at 146Ss. 10 at
l4eA 20 at 1861, 20 at 146is. 20 at 146 at
146as at 146 -.
at 40 buyer COZ, 81 at 4213, 80 at 42as, 90 at
42Z.
Lanston Monotype. 100 at 14&.
American Graphophone pfd, 100 at o. 100 at g.
Greene Copper. 100 at 27Ss
After call-Washngton Rwy. and Elec. As. 81 900
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-03
Todav,s Government Receipts.

National bank notes received today for
redemption $500, 1877; government receipts
from, internal revenue $840o01; customs,
1916 256; miscellaneous. 1856; expenditures
81 $50 GEO,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-03
win Written in Single Sentence.

One sentence sufficed to express the last
wishes OF Charles Chapman. whose viii,
dated February 10. 1905, was filed late yes
terday afternoon for probate 1t reads:
After all things are settled up, 1--WE doll
lars 10 ea0h Gf my children, the rest to go
10 .ary. Rec Brown
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-03
Paris Bourse Weak.

PARIS. March 3-Stocks closed weak on
the bourse today. owing to rumor of the
death Of the Emperor of Austria which was
transmitted under express reserve.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-03
Grain and Provisions Summary.
Liverpool Grain Prices.

LIVERPOOL. March g. Wheat - Spot
nominal; futures dull; March, 6s T7sd May,
Is 6Ad July, Gs Sd. Corn-Spot steady;
American mixed, new, is; American mixed.
old. As 774d; futures dull; March, As I'd:
May, is 11ad.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-03
New York Stock Exchange.

Furnished by w b. Hibbs & Co.. bankers
ana brokers, 1919 + street. members Nav
York stock exchange. Washington stock ex-
change and Chicago board of trade.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-03
FOREIGN BANK BUSINESS.

LONDON, March 3.-Bullion amounting to
9539,Oo0 was taken into the Bank of Eng
land today and 100000 was withdrawn for
shipment to South America
PARIS. March 3-Three per cent rentes,
80 francs 57Is confines for the account. Ex-
change on London. % francs 121s centimes
for checks
BERLIN, March 3.-Exchange on London,
20 marks 80 pfennigs for checks Discount
rates-Short bills. 4 per cent; three months
bills, So per cent
Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-03-03

BAR Silver dull BOD. per ounce.
Money. 312a3A. per cent.
The rate of discount In the open market for Short
Bills Is 3S per cent.
The rate OF discount In the open market for Tbre..
Months Bills Is f1lGa3M per cent