davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1907-11-08
WALL STREET NOTES
Bank of England Shows
COmmendable Discretion.
RAISES RATE AT RIGHT TIME
Had Action Been Taken Last Week,
Disaster I'm This Country Might
Have ReSuited-Bank OF France
Also Advances Its Rnte and Ger
many Is Expected to Follow.

New York. Nov. If" said one Of
the traders to-day, the Bank Of Eng
land showed little foresight, il has now
begun to display a most commendable
degree of hindsight, for like the groom
who carefully locked and barred the
stable door after the steed had been
stolen, II has advanced its discount
rate and marked up the price of eagles
after America has taken about all the
gold it needed"
This criticism was hardly just. The
Bank of England deferred taking ex-
trcme measures TO conserve its re-
sources until compelled by necessity to
do so. Had il jumped its rate from
~ per cent to per cent At once in
stead OF distributing the increase over
a period of days. the consequences OF
its action as felt here might have been
most unpleasant.
The bank found a delicate situation
and dealt with IT admirably. and If
now, after S4O.O0O,0OO gold has been
takeE for export TO America, steps are
taken 10 prevent further Withdrawals
no ground is Afforded for such d con-
clusion as that the directors of the
institution misjudsed the outlook.
1t is necessary to go back thirty -four
years to find a time when the Bank Of
England rate was as high as il is at
present BY a series OF strange coin
cidences, financial history has been re-
peating Itself in a way which has made
comparisons exceedingly interesting.
Like causes have not. however. pro-
duced like effects. for whereas thirty
four years ago Wall street was obliged
to pass through a demoralized panic.
Il has been saved from a repetition Of
this now by the great skill with which
the period of crisis in financial affairs
has been handled.
For the first time in seven years the
Bank of France advanced its rate to as
Eigh a level as per cent, and the
feeling became general that the I'm
perial Bank of Germany would take
measures corresponding 20 those of the
other great European financial institu-
tions
Inc new engagements Of gold
brought the total for the present move
ment up TO about S41O0O.0O0. the pre-
mium on currency being apparently
sufficient to bring in the metal in spite
OF all obstacles.
Already number of Industrial plants
have been forced TO shut down on ac-
count of the money onditions-which
means that these conditions are now
working their own cure.
The Washington herald., 1907-11-08
Anti-ProhibitIon Moveman.

After the meeting of the officers Of the
Personal Liberty League 10 be held to-
night. the work Of confeSerating the
antiprohibition forces in this cjtv will
be begun Immediately. This statement
was made yesterday By Charles W.
Darr, counsel for the Wholesale Liquor
Dealers Association OF this city. who
says that strong fight viii be exerted
against the enactment OF prohibitory
legislation for the District of Columbia
The Washington herald., 1907-11-08

at 20 per cent. and there Is still a sharp
premium on currency. The failure Of
trust company IN Portland. and also
q dry goods failure in Providence. were
reported This about sums up the news
OF the day. II is useless 10 expect that
recovery can take place in a minute.
and we must make UP our mind that il
is going 10 be a slow process"
The Washington herald., 1907-11-08

New York. Nov 7--WHEAT-Neaker; good bust
ness mainly last nights. No Northern Duluth
to arrive nominal; No, red. T. o. b.. los: No. 2
hard, nominal; No mscaroni, Lea + O b No 2
macarcni. L02ls; No. ! Manitoba. nominal Ex-
porters took % loads. partly outpOrts.
CORN-Weaker; small trade. No 2 elevator co.,
No, 2 {. o. b.. 6sl7 for early November: No. ?
yellow. T. O. b., 6s's; No. , white 7oiz T. O. b.
for early November. Exporters took loads
OATS-Lower. Elevator priCes: No. white, 5GIs
No. white. 81 No. 2 mixed 81
Prices for futures follow:
The Washington herald., 1907-11-08
WASHINGTON CATTLE MARKET.

CATTLE-Extra, per cwt., A5Oa5Oo; butcher n.
100; common L5Oa20 iva
HOGs-Per cwt-. gross. 6OOas 20; ordinary 55oas %
sHEEP-ChDped. 800; common. 80
LAMBS-Sprins. choice, eiza7; medium sasiL
CALFEs-Prime per h. 6aSli; medium ~
grass. sa4;1 -
CONS-Prme fresh. EACH l0Ooa59Oo. cnnr.or
each, @0oa@.ee; old and dry, sOale0Q.
The Washington herald., 1907-11-08
ENOUGH GOLD ISHERE
Raising of Rates in Europe
Has No Evil Effects.
PRESSURE ON STEEL BONDS
Purchase of Tennessee Coal and
iron a Drain ON Big Corporation.
american Cotton Oil Company De-
fers Dividend, Although Net Earn
1nSs Leave Surplus.

New York. Nov. THE monetary strin-
gency in England and on the European
continent caused by the large Withdrawals
OF gold for the use of this country. was
the one dominant influence in all the
great financial markets of the world to-
day The drain of gold that has taken
place from Europe has. of course. been
almost entirely addressed 10 London. bur
It's effects have been felt no less in Paris
and Berlin
including to-day's engagements. our
takings Of gold amount to over $4,000 COO
ana 1t is not conceivable that anv one
financial center or any number Of them.
no matter how strong their reserves of
cash might be. would consent to such a
loss OF ready money for a brief space Of
time without making every possible ef-
fort TO prevent il.
All We Can Expect.
In the judgment OF our best bankers
here. as well as Of intelligent financial OBJ
servers everywhere. our country has
pushed its demands for gold just as far
as can be done without bringing on such
state of strain abroad as must i'm due
course affect our concerns altogether IN
favorably Within little more than a
week, all Of the huge sums OF money
that have been secured IN Europe for our
benefit will be landed on our shores. max
ing possible an extension Of bank credits
here Of in the neighborhood of Sl75. 900. .0OO
To-day, although the foreign markets
We're convulsed by the spectacle Of a si-
muitaneous advance in the Bank of Eng
lands minimum discount rate to Z per
cent and in the Bank Of Frances rate
to per cent. and in that Of the Bank Of
Belgium TO 6 per cent. our own marked
was by no means as weak as might have
been expected.
Indeed. prices on the stock exchange
sustained the brunt of the foreign selling
with notable firmness. and only sue
cumbed later in the day to liquidation in
TWO or three quarters, originating in
causes Of seemingly temporary nature.
Steel Bonds sold.
In the afternoon to-day prices of stocks
weakened under some selling of the Unit
ed States Steel sinking fund per cent
bonds, which was almost inevitable IN
view Of the addition to the floating supply
of the bonds caused by yesterdays pur-
chase of the steel corporation OF Ten
nessee Coal and Iron stock.
The announcement by the directors Of
the American Cotton Oil Company that
they had decided to defer for the present
the declaration of an annual dividend on
their company's stock was also inter
preted adversely, although the circum-
stances by no means deserved such con-
struction The American Cotton Oil Com
panyS which is the oldest industrial cor
pOration OF the kind IN the country. and
has long been known as one of the best
managed. has ended an exceedingly pros
porous year. making net earnings equiva-
lent 10 a dividend on its common shares
of per cent, or 6lz per cent after de-
duction of over 100000 as am extraordin-
AIRY Improvement.
The Washington herald., 1907-11-08
NEW YORK STOCK MARKET.

Quotations furnished by Post & Flagg members
II the New York Stock Exohange Benz Woodruff.
manager. 1881 street northwest
Sales TO noon .... 2OS.74S shares
Total sales. s...3 376,S 800 shares
Call money; High, 20; low, 81 close, 8.
The Washington herald., 1907-11-08
COMMENT ON MARKET.

+. ". Crew. of Henry Clews & Co.
The advance in the Bank Of England
minimum discount rate TO per cent is
responsible for the slump in London quo
tations for Americans Notwithstanding
the advance rate. We have succeeded in
securing an additional S2l25.O00: but the
Withdrawals OF gold from the other side.
under such circumstances. tends 70 dis
organize the finances Of the whold world.
therefore, while we benefit from the in
flow Of the metal, we suffer from the
sale of stocks. Gables brought over some
selling orders for American rails this
morning London bankers naturally are
advising their clients not TO buy. AS
far as the home situation is concerned,
il. has been greatly improved by recent
Developments but the buying power
other than that due to short covering. is
almost nil-even the small odd-lot
fellow is now waiting for a reaction be
fore making further purchases
G. Bowie Chipman. of r. R. Chap
man & Co.-"The conditions existing in
London caused a lower opening this
morning, but at the same time prices
were generally higher than the London
was followed by a period OF intense dull
ness with the changes and transactions
almost entirely. perfunctory. In the early
afternoon the market began to sag, which
fact encouraged the bears, and they put
out contracts causing the decline TO
gather headway. 1t was announced from
Washington by Comptroller Ridgely that
the National Bank circulation OF the
country had increased since November
s7.470,0l0. I believe in cOnhning opera
tions to an investment basis"
George L. Edmunds, Of Miller & CON-
pany-"The advance in the rate Of the
Bank of England to per cent this morn
ing was duly reflected in the foreign
markets, but the support lent to the list
at the opening here led to the belief that
the banking interests did not intend to
have any inroad made on quotations
The Steel deal with the Tennessee Coal
& Iron Company was the straw that
broke the Samels back. especially so
when the latter stock sold down to 10l
The selling of the three steel issues in
good-sized quantities. led 10 liquidation
elsewhere, with the net results Of a break
Of from 70 points. The rumor also
that the Atchison had been fined $3.50 coo
In California for rebating, again brought
up the disagreeable legislative situation,
which did not help the market The mar
ket closed disappointing to the optimists
and practically at the lowest prices OF the
day"
Benz Woodruff, of Post & Flagg-
THE sharp advance in the bank OF Eng
land rate brought London prices lower
this morning, and our own opening was
at some reaction. The market stayed
quiet but firm throughout the most of
the day, but in the last hour OF trading
prices worked of again. Money renewed
The Washington herald., 1907-11-08
BOSTON STOCKS.

Quotations are furnished by r. n. Chapman a
Co. members New York Stock Exchange. q.
Bowie Chipman manager, ISol stree, nortbvs,r
The Washington herald., 1907-11-08
MINING STOCKS.

Quotations are furnished by Irving X. harrington
q Co. members Of the New York Produce Exchange,
Frank C. Eingsland, manager Hibbs Building
The Washington herald., 1907-11-08
CURB MARKET.

Quotations are furnished by z r. Chapman &
Co. members New York stock Exchange. G. Bowie
Chpman. ldanager 1901 street northwest
The Washington herald., 1907-11-08
WASHINGTON STOCK MARKET.

Sales-Regular call. l2 O'Clock noon.
Washington Railway and Electric Ireferred. 10 al
e.
Chesapeake and Potomac Telephone. / at co. !
az CO.
Mergenthaler. at l96 at 1856. le at 1851
National Metropolitan Bank 10 az 2S.
Peoples Fire Insurance. 100 at 6. 100 at 6. 100
at g.
After call-llergentEaler. 10 at 1885, 10 at 1@
Capital Traction 81. S2000 at lloia.
Following the closing quotations on ysster-
day local stock market
The Washington herald., 1907-11-08
GOVERNMENT BONDS.

New York. Nov Closing quotations Of United
States government bonds
The Washington herald., 1907-11-08
COTTON MARKET.

bid. ASKED.
The Washington herald., 1907-11-08
TREASURY STATEMENT.

Reserve fund
Gold coin and bullion. S5O coo 900
Trust funds held for me redemption Of
outstanding notes and curtifCates-
The Washington herald., 1907-11-08

Already a number of industrial plants
have been forced to shut down on ac-
count OF the money conditions-which
means that these conditions are now
working their own cure.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-04-21
EARL OF WEAYSS
PAINTING HIS PORTRAIT

LONDON, April 20.-The grand old
man" of the British peerage, the Earl
of Wemyss, who is a warm personal
friend OF Whiteiaw Reid, is celebrating
his ninetieth year by painting a large
portrait Of himself in oils.
Lord Wemyss is an artist of more
than average ability, and one or his
pictures was exhibited In the Royal
Academy some years ago. He is a pic
turesque old man, and so hale and
hearty that he spends two mornings
week playing a strenuous game of golf
The links at his country seat at Cos
ford have been played over by some
famous men and women The Duchess
OF Connaugh. and Princess Patricia
spend neaTly all their time playing golf
when visiting Gosford.
The portrait of himself, which Lord
Wemyss is painting at his town house in
st. James place, by means of n irror.
is intended as a birthday presen. for
his wife.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-04-21
LADY SARAH WILSON
EXPERT BRIDGE PLAYER

LONDON. April 20.-Lady Sarah
Wilson is said 10 be the best bridge
player ia London this year. She has
won more games than any other player
in the smart set" and her run OF luck
at some country houses has been sim
ply phenomenal. Lady Sarah does
everything wen.
She was a clever correspondent during
TIE South African wsr, when she man
aged to get herself captured BY the
enemy, and she has written many bril-
liant articles since.
She has a plan for publishing a daily
paper for women in London, which will
probably be successful, If certain fnan-
cial details can be arranged. Lady
Sarah is convinced that there is a Iegiti-
would be edited and printed by womeh
alone, with Lady Sarah as the editor
in-chief
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-04-21
EXHIBIT SERYANTLESS
HOUSE OF THE FUTURE

BERLIN, April 50-one Of the most
interesting exhibits at the Eighth Inter-
national Architectural Exposition. which
opens at Vienna on May IS. are the
plans and a model of the "servantless
house Of the futi re- originally built in
Copenhagen by j rof. Otto Flick. who IS
now in New York for the purpose Of
interesting American millionaires in the
forming Of a syndicate to build similar
houses all over the world.
Prof. Flick, who has been received IN
audience by the Kaiser and King Fred
erick Of Denmark. his native country.
had been expected TO lecture on his
novel house at Vienna during the ex-
position, but at the last moment he pre-
ferred To go 70 the United States, as the
only place where he could hope to get
the necessary money to carry out his
projects.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-04-21

1t of Europe's famous military geniuses
who said
calm Of home music the worlds strongest influence for
good
And is the greatest piano firm in America which
is giving this strongest influence for good to the people
of Washington in such and such terms to
put it in the ready reach of every household
TIE new W. F. Frederick Music Company has taken over
the entire stock of the Pfeier Piano House. at 1923
street northwest and is offering this stock for sale with
romantic generosity that recalls the stories of the and
beraty with which Cupid deals in hearts In the moonlight
of a midsummer night
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-04-21

Nor is this desire without excellent
reason. The W. F. Frederick Music
Company does business on a big scale,
on a bigger scale than business is done
by any other American firm handling
pianos II has an endless chain of ware
houses throughout Maryland, West
Virginia, Pennsylvania, and Ohio, and
It has secured the Pfeiffer house to con-
vert il into the one browning golden
link ir this chain. The company VIII
make the National Capital the euperla-
tive place in its territory. 1t viii fill the
Pfeiffer. house with a stock of pianos
even finer and graRder than the instru-
ments now in II.
But room must be made for the new
stock. a stock $lat viii contain pianos
of the most exquisite type. And to Sc
cure this room, the Pfeiffer stock must
be gotten out of the way at the earliest
moment possible. That the W. T. Fred
erick Company is in earnest when
IT saws the Pfeiffe- stock must go at any
cost, or at practically no cost to the
public. is shown by some OF its offer
ings. as follows:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-04-21
COLUMBIA
MINERS ON STRIKE

thousand men now are involved IN the
coal miners strike. including those at
the smelters which have closed down.
The industries IN every part Of the
West from here within q radius OF 300
miles are closing down.
Within one week no trains can be
operated IN this locality unless the
miners return to work. Passenger and
perishable freight traffic are all that the
railroads are handling. The Canadian
Pacific railroad has conhscated every
ton of coal in sight, and it has only
supplies enough to last another week
On Tuesday "a conference under the
anti-strike law will be held, but the
miners apparently are preparing for a
long siege
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-04-21
FREDERICK, Nd, FIRE
ENTAILS $4,000 LOSS

FREDERICK, nd. April 20.-Fire To-
day destroyed two business houses and
damaged three others. entailing loss
estimated al 10000.
The fire originated IN the antique fur
niture establishment Of Frederick Oben-
dorner, which was entirely wiped out
his loss being $4,000, with $500 insur-
anee.
Other losses We're: A N. Landauer &
Co. wholesale notions. $4,000; Harris &
Filler, wholesale grocers. $4,000; dam
ages on y. J. Wilson & Sons. stove
dealers, stock and building; Birely
Brothers. damage on building; Hers
berger estate. damage TO building. and
Miss Sarah Gait. damages to building.
Owing TO ealInness OF the night a seri-
Gus confiagration was prevented.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-04-21
TO KNOW CRIMINALS
BY THEIR PILATES

BERLIN. April 2o.-As If the poor
criminals did not have troubles enough
since the adoption Of the Bertlllon sys-
TEN. doctor of Vienna has discovered
new way of indexing the denizens OF
the world that preys"
by their paIates We shall know
them" he announces. DR.. Paul Prayer.
an Austrian army surgeon, says that
criminals should have the shapes of
their palates registered by plaster casts
"a system, he til nks, superior to finger
prints.
DR.. Prayer has taken thousands OF
casts Of human palates from different
people and found no two even slightly
resembling each other.
The markings Of the palate remain un-
changed throughout life, and its iudi-
viduGlity is greater and more perma-
net than any part OF the body
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-04-21
a eoOD SYMPATHETIC LIsTENER.

A doctor whose large practice had
made an assistant necessary was told
that the man he selected was hardly
competent.
him for" said the doctor. Z don,s ex-
pect him to prescribe for my patients.
but TO listen to their gossip. In RAM,
cases the privilege of talking over his
troubles with the doctor constitutes the
biggest part of a patients cure.
haven't time to listen to all these com
plants myself, hence the need of an
assistant. This man is good looking and
sympathetic. Callers will readily an
burden their hearts to him. then. when
they are ready for real medical advice
he can pass them on to me. New York
Sun.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-04-21
Only Praises Heard.

OF these pianos. only the greatest
communication has been heard ever
since they were put on the market
Press dispatches to this city recently
told Of a scientist who claimed that the
human voice had colors and who gave
the various hues OF the voices Of the
worlds greatest singers. It would be
interesting TO have that scientist at
tempt 10 10 justice by any colors or
combination Of cOlCrs 10 the tones of
these pianos.
Everybody knows that the tone is he
one supreme essential in a piano. These
Instruments have the desired sweetness
and sO1tness of tone Built so as to be
the handsOmeSt ornaments for any par
Tor or drawing room, they are lasting,
combining every deNrable thing in in
struments OF this kind
Not only are mere pianos offered at
these low prices but there are 0iaver
Worth from see to loo, they are being
sold ut $3.50 and slightly higher. This IS
a record Ia low prices for these marve-
iOuS ne hanismS
The public has been quick to take ad-
vantage of the terms People from Viz
GINA and Maryland have been among
4 the purchasers And yet, the W F.
Frederick Music Company is not salts
led It wants every piano out OF the
warerOoms and the stores at the very
earliest date possible. Good bargains
are going every day, but others are
left for the next purchaser.
The new occupants of the building
want to make alterations and improve
mentS IN the structure. which explains
their willingness to offer the stock at
prices that make them look almost like
gifts.
Lovers Trysting Place.
A piano sale should be. and generally
is, a thing of universal interest. It
i E,., =
in which there was not one real devotee
of music. And the blessings that flow
from piano are manifold. The piano
Is the trysting place every evening Of
millions of sweethearts, for it is there
that love songs are sung and love made
through the ivory keys
It is from the piano that the wives
/ draw music in the evenings to please
and rest their husbands after the day' s
work. It is at the piano that faltering
chudlsh fingers pick out the numbers
and learn the lessons that will, perhaps,
result in great musical careers At the
piano college boys sing their songs TO
their sisters accompaniment. And no
home in which there is piano lacks
amusement and entertainment
The w F. Frederick Music Company
realizes all these things and knows the
universal desire for pianos. Consequent
", it has no fear that the entire stock
viii not be sold. But 1t wants the SELL
ing done quickly. II takes this position:
No Time to Lose.
I'VE are giving the washington public
an unprecedented opportunity in piano
prices. It is such a chance as will not
occur again in this generation. There
fore. the public should accommodate US
by doing their buying promptly. Delays
Will not be of value TO the purchaser,
while they will be OF harm to the COM
Dany We want our new stock Installed
and we want alterations IL the building
Those who intend to purchase should do
so at once"
What the purchaser will find on enter
Ing the stores IS, as has been indicated
well-nigh indescribable. But the follow
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-04-21
How the Prices FAN.

one set of Cabinet Grand Uprights
worth from S275 to $780, cut down to S1S7,
1854. s1S6, S215. and S242-
other uprights, worth from $500 to $780,
set down to anywhere from 1854 to SS45.
And SIN another group Of the World s
Best Uprights, worth from 500 to $3.50
cut to 1897, 1885, and s435.
The company even offers slightly
used upright for the mere trifie of $751;
and another for SOS. It win sell to the
first conner an Angelus piano player for
only 500. and, to cap the climax ii this
sectacular depth of prices, it presents a
slightly used Steinway grand piano for
5000
This sale opened Tuesday. April is,
Since that time the store and ware
rooms at 132s L street have been crowd
ed. and vans have piled busily from the