davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1911-01-25
BALTIMORE PRODUCE MARKET

Baltimore Jan. a--EGGS- Maryland. rennsyl-
'ania. and near by frsts per doz % do Eastern
Sh"re Maryland and and Virginia per do. 3;
Western frts. per doz. .; do. Southern firsts rer
doz.. -; do. West Virginia frss Der doz. q:
guinea eggs. per doz. l3ali.
BUTrER-Cfeamery. fancy. pcr H. 8aS: do
chodcc. Irr H., 2iaZ5; do. good PER ID, z do
imitation per H.. 17af9: do print uar III Eas
do. blocks. Trr III. las; ladle rer H. I6aIs:
Maryland and Pennsylvania rolls uer III l5al6:
Ohio rolls per H.. Halls: West Virginia rolls. rrr
III. lAl5: stcre-pncked per h.. b: Maryland, Viz
rlnia, and Pennsy lyania dairy prints rcr In la
10; Trocess butter. per h.. laaH.
LIVE "OULTRY-Chickens Young choice mr.
H.. Is; do. rough and poor. l3al4; old hens nrr
ID. heavy. II: old. do. small to medium "A: Old
rnsters. per lb.. 10: ducks old per h., iaal3 do.
young white Pekins, fat, 1ea17: do. young m,scpyy
ana mofskre 1aale: 10. PUDDLE old I5al7; pigeons
o'd pair. DaS; do, young. psT pair mas; guinea
FOWL. young. IL lhs. and ovrr. each 70; do young
small, each. Is; do. old. each, 8; geese near by
Ir H.. IA; Western and Southern, l.; TURKEYS
yUins. fat hens pr H.. q: do, cihoicr young cob
b'crs. 70: do. old toms IS: guinea fowl. Young.
each. over " lbs. &c; do. smaller, g; Do Cd q
DRESSED POULTRY-Tmkeys. choicr yrs,ne
res III. 1a0; da. fair to good. rer NJ, lse10:
d.. rough and poor. PER H., rall: chickens
straight. young and SMALL per ID, EaIe: do.
mixed yoons and old. pr H.. Il: do. old runsasss
pr H.. l0c; ducks chnie fat Per H. lsaI7 |;
sec.e. ehcts nearby. p1 Ib.. Halls: do. Southern
and WcAem. pR III. rAl3: 0pcua lafxs, SA0:
DO. mall 70 medium. I7ais: do. slips, isai7.
The Washington herald., 1911-01-25
BALTIMORE GRAIN mARKET.

baltimore. Ian. 2t-FLOCR-winter extra. = Ea
a6o; do. clear. 39ai0; do. straight. 4.25a4 20
do. patent. i10ai.s5: srring clear Loaf. 40; do
straight. ALIAS 10; do. patent, aEa57c: City Mills
best patent. els; do. high grade ratent $40; do.
highgrade straight. $40: do. choice family As;
do. extra. 34oaa6o Rye flour. medium to choice
40Oa4.S: cprnmeal. 100 lbA l.3Al.4O; bslckwheat
-four. per 100 lbs, 26a23
RYE-Stock in elevators. Il3.7s4 bus. shipments
from elevators. 6,sis bus. No l rye Western do
nestle. $3.50: No. . ryc. domestic. Sas: bag lots
as to quality and condition. 7saD; No 3 rye.
Western domestic Sias5: No. rye. near by slas1
oATS-Stnck in elevators. 3.E5 bus shipments
from elevators 6.c3 frrs. No. white. 5: stand
ard white. IN: No. white. 81; No. white 81
BARLEf-Stock in elevators. 7.3G bus: ship
ments from elevators, 80 bus.
wHEAr-stnck in cleraton. 4,s.s1 bus Ship
ments from elevators. 100 bus In absence 1t
receipts of Southern wheat il is difficult to quote
the market accurately. Sales. No. rid.
track. Canton. 81.
CoRN-Stock in elevators. LtD.13 bua ship
ments from elevators. 81. ~ bus There is a mod
crate demand prevailing for Southern under
fairly liberal receipts. Cob corn is quotable 1t
2sSacD per bbl. on spot. Tack yellow com. for
domestic delivery. at Sass. Sales. 5000 bus
March. 81,
The Washington herald., 1911-01-25
NEW YORK PRODUCE.

New York. Jan. %.-BUTrER-Recripts. nsz
packages The market is unchanged in tore and
Triocs. Creamery SPECIALS q; do. extras. 2a25s
do. frss. @isaA; do. held specials. aa25; State
dairy tubs finest 3.
CHEESE-Receipts 40ss boxes The delnanr
lacks force. Fancy quality is shade weaker
State whole milk. specials. l5lsaE: do. colored
September. lSal5k: fancy. white. Is do. summer
and fall make Hali'..
EGGS Rccrirts. l3.C95 cases Fresh eggs arc IN
fice supply and hc lower Western irsts. DE
mand was fairly active. State. PENNSYLVANIA. and
nearby henrery. white. fancy. 3oaS; do. brrywns.
q freshgathered selected extras. 3aS: do, extra
nrts 24a2ila.
MlI.LFEED- Strong: fair dealings Spring bran.
3.15a2.oo: standard middlISe. 875a10 West
ern red dog. :9.:5; winter wheat bran IN lD POUND
sacks. to arrive, 3S city bran in bnlk. SIS.
OATS-Easy; inactive inquiry. No. white. %:
No white. ais. Standards. 49, elevator basis:
white. track Ball.
FLOUR-Steady: moderate business Kansas
straiShts. 4saai3 in sacks: soft sraights 4Aa
455. in barrels; spring patents. 55oa5s. in bar
nls spring clears. Das 3d.
BUCkWHEAT rLOUR-Scaroe: inquiry is slow
Choice quoted at 2S.
RYE FT.OIR-Stady moderate inquiry. Choice
brands quoted at 2Jai6c.
fORNMEAI--Fim: business moderate. Kiln
dricd for export. 2Sa25; coarse meal. in bass.
l.l4al.l IT,
HAI-Receip,s. 27iO tons: easy On inferior
grades Prime timothy Legal ID: No. J. LILO; No.
:. Gi.al.C1: No. ,. Sn,Si.
STRAW Receipts. 10 tons: fiat; slow trade. Long
rye quoted at Gas
BEEF-Stcady: moderate dealings. Packet. HO
al5.G0: family. r.jOal9Ho
IORk-Finn. ncaSer stocks. Mes 2-ga
. 80: family. 2-i50i2ij0
LARD-Cnsettiei. I'rime Western. 1850: city
lc.O: refined continent. lo15; South American.
u65: refined Brazilian. in kegs. T. 90; olcostcarnc.
81: lard. Strarine. inactive: New York. llA.
The Washington herald., 1911-01-25
MERCHANT MARINE
CONVENTION CLOSES
Appeal Made to Congress to
Build Up Naval Reserve.

That 1t is the duty OF Congress to enact
legislation for the upbuilding of an Amer
| lean merchant marine was the unani-
nous opinion of the delegates to the
National Merchant Marine Congress
which held it's last meeting yesterday
morning at the New Willard. The regu-
lar programme was not carried out ow-
ing to the fact that those listed for ad-
dresses were unable to attend. The fol-
lowing were the speakers: Rear Admira
George w. Baird. Representative An
drew j. Barchfeld. of Pittsburg; Ormsby
McHarg. former Assistant Secretary of
Commerce and Labor: Col John Temple
Graves. Bernard n. Baker. of Baltimore,
and former Representative J. Adam Bede
In the afternoon President Taft receiv-
cd the delegates in the East Room Of the
white House, and they were later the
guests of John Barrett. Director General
OF the Pan-American Union. at the new
building of the union.
The following resolution was adopted
by the congress:
Resolved. That it is the paramount
duty OF the National Senate and House
or Representatives to take vigorous meas
ures at the present session of Congress
TO destroy the arrogant. alien. maritime
trusts and combinations, a great mon
opoly now preying on the American peo-
PIE. and assist in creating a vigorous.
Independent steamship service of Ameri-
can ships, built for the naval reserve,
ana To be honestly and ably managed in
American interests.
RESOLVED, That to this end we heart
lily indOrsc the patriotic efforts of our
President, William Howard Taft. to Sc
cure the immediate enactment Of legis-
lation giving to the United States swift,
direct mail. passenger. and freight lines
TO the principal countries of South
America and across the Pacific Ocean,
and that we applaud and uphold Senator
Gallinser and other Senators and Repre-
sentatIVes who have long and devotedly
labored to restore the Stars and Stripes
TO the great ocean highways of the
world
The Washington herald., 1911-01-25
FROM AIR TO ALTAR.
De Lesseps to We'd md Give IN
Dangerous Flights

London. Jan. GA real aviation ro-
nance will eliminate tomorrow in the
marriage Of Count Jacques de Iesseps,
OF France. to Miss Grace Mackenzie
a beautiful Toronto girl. Most of the
prominent members Of the French. Amer
lean, Canadian. and English society here
will attend the nuptiais at St. James
Church. Sir William Mackenzie. who
was EaZetted for knighthood several
weeks ago in recognition OF his services
in developing Canadian railroads ar
rived here to-day. accompanied by Lady
Mack.r".
Count de Lesseps met Miss Mackenzie
last fall when she attended the internal
tional aviation tournament at Belmont
Park, New York. and made several flights
with hi:r.
Count de LeSSepS was ono of the trio
{" make the Statue OF Liberty flight
He is the son of the builder of the Suez
Canal and the starter of the Panama
Canal
After honeymoon in Egypt the count
and countess will reside in Paris. One
of the stipulations of the marriage is
that the aviator shall not attempt any
dangerous acroplane flights in the future
The Washington herald., 1911-01-25

CHEEsE-New York, new. 1sal7l:: fat cheese Is;
daisy cheese. l6aI1t.
EGGS-Searb By fresh. Ea2s: storage y
RUTTER-Fancy. tnb. h. saa9i- prints 5la:Soi.
hgh-grade tub. %; print. aoa.p,S frsts tub. Is ;
print. csie prurss butter. tub. ga8 print 81,
LIVE PoULTRi-sprns chickens. I6a7; hens,
Eal6 ROSTERS, o. ducks. l5aI6; Turkeys large laa2o
DRESSED POULTRY-TIrkey hens undrawn.
c2aS; gobblers. undrawn. 70; old toms. 2la2,; tur-
keys. thin. l5al.; chickens. l6; hens. d: young
ducks. is: old, Il; choice geese, Halls
FRuIrS-Arples. i6s60 pr Dbl; pneap rles
ljoa23 per crate: grapes Amelia 4eoa7.D per
keg: kesfer pears. LDal g per basket: California
oranges. 22a2:5 PER box: grapefruit. 2Ooa3O per
crate; Florida oranges. l75a2 80 per box tangerines
2ooa5O per strap; lemons 30a4OO per box
VEGHTABLES-Cucum ho,house 9oaIO per
doz- tomatoes. fancy. Florida. i.00a5O Per box
Lettuce New York. 22'a3 on per basket: cabbage
I0oal2 . per 100 lbs 2.S0a3 % rrr crate; squash
Lo0al.3 per bbi celery. 40a6O per bunch eggplant
5.na6.0 per crate; cranhcrries. L5oa27 IS per box:
9.NaI0O per bbl; Florida PEPPERS. 40OaaoO rcr
crate: caulfower. 4.d0a60 pr Dbl: beans. 2 "a
800 per basket; kalc. Dbl. Is; spinach Goa LOO
per Dbl; Florida parsley. c75a300 per basket;
oyster plant. e0a15 Per doz- Florida peas 20a2 80
per basket; celery. per crate. 375ai.0.
The Washington herald., 1911-01-25
THIRD GUARDIAN
FOR GRAY ORPHANS
Disposition of Children Will
Be Decided Soon.

| Upper Marlboro. Jan. "a specia
meeting of the Orphans Court was helC
here to-day for the purpose of adjusting
| the wrangle that has arisen between
Guardians Rev. Frank A. Schwallenber
ger and Robert w. Wells over the dispo-
Sition of the five Gray children. left or
phans by the death of their parents or
the Pennsylvania Railroad the latter part
! of October last.
! The interest manifested in the contro-
versy was evidenced by the large gather
| ing present to hear arguments of coun-
sci for the respective sides. At :he meet
ing held a week ago the court. through
Chief Judge J. Chew Sheriff. announced
its intention of appointing Marion Duck
EFT, of BadensburG. third guardian
to fill the vacancy caused by Henry l..
West, of The Washington Herald, fail
ing to qualify. The appointment was de-
ferred until Mr.. Wells could he consult
ed Father Schwalle MERGER agreeing to
the appointment of Mr.. Duckett.
After listening to extended arguments
as to the authority of the court to ap-
point additional guardians when any one
Of them is acting. the court announced
the appointment of Mr.. Duckett as the
third guardian. and the latter was sworn
in as such. The court also ordered, in
compliance with the petition of Mr..
Wells. that the order of the court passed
several weeks ago making disposition of
the children be revoked. This order
placed the Oldest child with a Mrs. Shoe
maker in Washington. three of the chill
dren in the St. Vincent de Paul Society,
of Baltimore, and the youngest child in
the care of half sister Of the deceased
mother in Washington.
This leaves the matter in exactly the
same situation it was at the time the
were originally appointed, ex-
cept that, by the appointment of Mr.
Duckett, all three of the guardians will
have a say in the disposition of the chill
drcn.
The Washington herald., 1911-01-25
LIVE STOCK MARKET.

New York. Jan. A.-CATTLE-Receipts. ri
head. No trading in live cattle to-day. The feel
ing Was steady. with light receipts expected fol
tomoruvs trade Dressed beef in moderate de
mand at Sail for ordinary to choice native sides
London cables quoted live cattle steady at l3alJs;
dressed weight. Refrigerator lower at 10. Liver
pool quoted live cattle steady at l0alcx per pound
sheep.
CALVES-Rcceipts. III head veals in light
supply and steady. Western calves nominal Com
mon to prime veals at 7.5hl075: fair barn yards
At 40 drcsand calves steady At ly1aI7 psr pound
Tor city dressed veals and llal5 for country
dressed.
SHEEP AND LAABS-Receipta. 1.0 head.
Sheep in moderate demand. Lambs slow end hare
steady. Coa,mnn to eood sheep snSd ct Ana
SIC pcr 100 pounds: good 10 choice lambs. ASs
So. Dressed mutton slow At 61SsS Per pound ;
dressed lamhs cav. N6aIi: hcsdrassd hmhs 1t
ma: oounty dreaed hcthoase lambs st.dy It
&eoall.oo PER carcsA
HoGS-ReostptA 3Ge head reling stssdy ana
sod maiiun to light ho0 sold It s1oakA CuuD,
~ dFessed hoo stsadH q Alzk pr po1na.
The Washington herald., 1911-01-25
NEW YORK MONEY.

New York. Ian. n Money on call at the stoca
exchange to-day opened at 81 per ccnt; highest ~
lowest. "a; closing at 2k per cent Most Of the
days leans WERE made 1t q. PR cent
rir,e money n light dsn ard and was soft.
There good offering for two three. and four
months hut little demand for these periods On
the other hand there sGmc little demand for .x
months and twelve months money. but the banks
did not appear ready to satisfy this demand at the
hid prices There many borrowers willing to
take five and six months money at 81: per cent.
but at ~ per cent borrowers Indifferent Rates
were quoted at per cent for siAty days. 3ha3h per
cent fer ninety days and four months 3lsa3l per
cent for five and six months. 5aa4 per cent for min,
months. 4aih per cent for the year.
Mercantile paper came into the market moderately.
meeting with fair demand. Rates: 4a4,s PER cent
fer sixty and ninety days Endorsed bills receivable
ard choice f6ur To six months single Names 4Eas,.
Der cent foryoth,rs
The Washington herald., 1911-01-25
SET BOUND MAN AFIRE.
Robbers Visit Discovered by Smoke.
Saving Victim.

Orange. y. j.. Jan. 23-Three burglars
broke into the residence of Lowell Haas
Is Main street. early to-day. attacked
John Bantin. A boarder. bound. gagged.
chloroformed. and robbed him, and then
set fire to the place.
The police say Bantin would undoubt-
edly have lost his life had Haag not been
awakened by the smoke. Drapery at the
head of Bantin's bed was burned and
Bantin was unconscious.
HaaG released Rantin and then carried
him into the hallway. When the police
arrived they took Bantin to the street
and revived him.
The Washington herald., 1911-01-25
MAKES WAR ON POOLROOMS
Gov. Marshall Plans to Drive Ga m.
blers Out Of Indiana.

indianapolis. Jan. 2i.-Gov. Marshall
has caused bill to bc introduced in the
legislature to head off Illinois and Ken
lucky gamblers who have been operating
poolrooms at Dearborn Park. near Chi
caSo and Jeffersonvillc, just across the
river from Louisville
The bill was drawn under the COVER
nor direction and makes the operation
OF poolroom a felony with punishment
from one to eight years confinement in
the penitontiary.
The law will also apply TO any person
who shall record or register bets or
waSers or sell pools on the result of any
trial or contest of skill. speed. or power
of endurance of man or beast"
The Washington herald., 1911-01-25
GRAIN AND PROVISIONS.

Quotations furnished BY ". +. Hibbs & Co. mem
bcrs 4 the Chicago Board If Trade Hibbs Budins
Chicago JAN 24---The wheat market opened a
shade firmer in sympathy with the advance in Liver
pool prices and ruled within narrow range early in
the day. Minneapolis reported hotter cash de
mand Prices broke after about a cent per
bushel from the high point. with local longs who
bought early selling out. The market is purely a no
fcssional one. with local traders badly mixed.
The oat market ruled finn a little during the early
part of the session. but prices eased again toward
the close. There does not to be enough s,sr1-
lative interest to any change in prices EXCEPT
as other grains move up down.
News n regard to hogs the most potent factor
in provisions and caused the market to nile rnoder-
atcly higher though part Of the early improvement
gone at the close There a fair general
The Washington herald., 1911-01-25
CANADA'S TRADE GROWING.
Imports Increase. hut Exports Show
Slight Decrease.

Ottawa. Jan. 24-Traie figures for the
first nine months of Canada'S present
fiscal year. issued to-day show that the
total trade amounted to So. Ss9.62S an in
crease of s6'.all.a9o. The increase was
entirely in imports.
Imports for the nine months totaled
sS39. S1I.J63 an increase of about SIS. CJO =
COZ over the corresponding period of 1899
Exports of domestic products for nine
months totaled 81, 76i.S69. a comparative
increase of a little over $JOOOOo. Exports
of foreign products fell off by about 5000
coo Exports of agriculture totaled sos
III. G36 a small decrease
The Washington herald., 1911-01-25

Ottawa, Jan. 24.-HOn. l.. P. Brodeur,
minister of marine and fisheries, an
nounced to-day in the House of Com
mons that he would introduce bill
requiring all Canadian vessels sailing
from Canadian ports which make trips
extending 200 miles or more to be equipped
with wireless telegraphy. This means
that all vessels doing business on the
Great Lakes or any large inland body of
water as well as ships doing coast
ing business will have to he SO equipped
The Washington herald., 1911-01-25
O'BRIEN MUST GO TO JAIL.
Virginia Supreme Court Refuses Z
Set Aside Verdict.

Richmond. Va, Jan. a4.-Thomas
O'Brien, the wealthy restauranteur. who
was convicted in d the Circuit Court of
Bath County. in November, Of running
a gambling house at Hot Springs. Va.
and fined $50 and given two months in
Jail, must serve his sentence. The Su-
preme Court to-day refused to set aside
the verdict.
O'Brien had in his place numerous
guests invited to THE Woodland Club, -
which he declared was merely a trade
attraction. The arrest of O'Brien and
the breaking up of his place was q SEN
sation. Many prominent men and wom-
en- fled the county at the time. fearing
they would be implicated.
faro bank, roulette wheel. wheel Of
fortune. and other devices were charged
to OBrien's account. II 10 said executive
clemency win b asked
The Washington herald., 1911-01-25
LOCAL FINANCIAL GOSSIP.

Washington Railway Electric preferred
was the choice of buyers in the local mar
ket yesterday. when nearly 500 shares
changed hands. generally in lots of twen-
ty-five, and the price held steadily around
50 L.. At the close 50 rs was asked Com
mon stock sold at 81 -
There was large trading in Lanston at
81. which is the record high. at which
price about rs shares were bought Mer-
senthaler reached 217. at which one share
was sold.
Chesapeake and Potomac IS sold at
103 IL, to the extent OF 5000 Of bonds
Columbia Railroad IS sold at 100 IL and
Washington Gas SIS at the same figure.
Washington Loan and Trust sold at
oOS ii, to the total of fifteen shares
The Washington herald., 1911-01-25
Abandon ConIinx Station Plan.

MEXICO City, Jan. "l.-The concession
obtained by the government of the United
States for the establishment of a tenn
porary coaling station in Magdalena Bay.
Lower California. expired December /,
1910. and. according to official advices
just received by the Mexican govern
ment from the State Department of the
United States. application will not be
made for a renewal of the concession.
The Washington herald., 1911-01-25
GUILTY OF KILLING KETCHELL
Life Sentences Are Recon- m n d I'd
for Man and Woman

Kansas City. Mo. Jan. 2i.-Walter Dip
ley and Goldie Smith were found guilty
at Marshfield. Mo. to-day of the murder
Of Stanley ketchell, the pugilist. Life i'm
prisonment was recommended by the
jury. Dipley shot ketchel in the back
as he sat a breakfast one morning last
August. He asserted that <etchell had
attempted to assault Golde Smith whom
Dipley asserted to he his common-law
wife The jury was out seventeen hours.
The Washington herald., 1911-01-25
COTTON MARKET.

Quotations furnished BY w L. Hitls & Co
rrwfsrs cf the New YORK Stock Exchange. Hibbs
BriiGmg.
New York. Jan u. Tho market Was quiet and
steady during the afternoon with PRICES holding
most of the early Il tn Is ,rntS aCvarcr This vas
due chiefly to the continuance Of hull support
The Washington herald., 1911-01-25
TREASURY STATEMENT.

Al the beginning of bIsircss Yesterday the condi
'tnm Of the United StStCs Treasury was:
Working trlancc in Treasury offices. ST Y,
In hanks and I'nipiuc t7aa-r3 ...... =, Gs5 81
The total balance IN general fund % 6iS as
URINARY receipt 81 81:
ordinary dhIr> ISIS IL
RE derirt t. dat" ms fiscal wear i, SOL 81 as
against 81. S%l.9' at this time last year
T!"-c tiG.:rrs exclude Panama Canal and public
d'it tra,ISaC,rrs.
The Washington herald., 1911-01-25
WASHINGTON STOCK MARKET.

Sales Regular call. IL O'Clock noon:
Washington Gas scrip. 500 at 100. $ls2 at l0s 81
at lC9
Washington Gas IS. sl.occ a. 1921 500 at 1901.
Columbia Railrnah e. SOn a. lO4.
Potomac Electric cons S. 900 at lnDL.
Chesapeake & Potomac Telephone 5s $1,000 a!
lo3is SlT0 at 1867: $1,000 at IGs: coc at 1851.
81 .cp lG5e.
Capital Traction. . at l2sIe at 1891. % at ISL
. at l1sE.
Washington Railway 4 Electric COM. at IT,
Washington Railway & Electric rfd. 8 at So q
at 50. 9 at So. 3 at 80. . at g. e5 49, at s9i
at $': . at ssi. s at sss. 8 at ssl4. 3 at ssH
2 at se4. c at ss'. Is Mt seiI Is at ssk at 3d.:
q at SIS. IS at os . at ss"s . at ssS 2, at
s9S. 25 at s9i1.
Washington Gas at IT.. 3 at 77ls at IT,
1anston Monotypc. 100 at 81. 10 at g. 10 at a. le
at a.
Washington Loan & Trust. 10 at asx. at ISL.
After call:
Capital Traction IS. $500 at 1lcS
Washington Gas scrip 81 at ll0ik
Capital Traction. 5 at IT,
Mcr,cnthaie7 Linotype | at III
Following are the bid and asked prices rnsted
at yesterdays meeting Of the Washington Stock
EychaDre-
The Washington herald., 1911-01-25

New York. Jan. e4-Of course the city's
100000 900 bond sale was the one factor
of interest in the stock market to-day
and inasmuch as the results of the
sale could only be known, and then only
partly in the last three-quarters of An
hour of business, the matter served q
considerably restrict stock exchange
dealings.
A strong indication that the sale
would be successful was, however. af-
forded by advance to 1919 on large
stock exchange transactions of the
quotation for the certificates of the new
AZ per cent bonds when issued The
lowest price for these certificates during
the day was 101k and the bulk of the
sales took place at higher figures than
this.
Short Interest Ii Large.
The exact reason for this movement
was not altogether clear, but the cur
rent explanation was that large short
interest in the new city bonds had &C
cumulated and that those who had en-
tered into these commitments for Inc
decline were fearful that they would not
he able to secure a sufficient supply
OF the new securities TO cover their
sales. Up to the close of official hours
Of business it was said that only about
one-third of the bids for the new
bonds We're opened but even the volume
of these bids was for an amount of
money three times in excess of the
s6l,C00.O00 called for.
When the stock exchange closed Wall
street was. therefore. entirely uncertain
as to the price at which the bonds would
be awarded or what would be the aver
age price realized from the sale. One
matter was. however. beyond dispute,
and that was that ''all-or-none'' bid
for the new bonds had been made by
"A syndicate composed Of J. =. Morgan
& Co. the First National Bank, and the
National City Bank. of 1G0.S97 1t was.
therefore, evident that minimum price
would be received for the bonds of some
thing above 1905. or a figure considerably
in excess of all previous forecasts of
the result
Feared for Its Success.
Indeed. when the bond issue was first
announced. no little doubt was expressed
in the financial district as to whether a
sale at all could be made of city bonds
bearing as low an interest yield as q.
per cent. 1t could be said therefore, at
. O'Clock in Wall street to-day, even with
out waiting for the definite and COM
plete announcement as to the outcome of
the sale itself. which probably could not
be made until late in the evening that |
the sale was in every way an unqualified |
success.
The fact that the largest banking in |
t"restS, private and public. in the country
were willing to make such bids as they
did to-day showed that they are con-
fdcnt and optimistic regarding the gen
eraI financial and business situation.
The stock market through the day. al
1,
stronC. Nearly all the prominent shares
luScd at substantial gains.