davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1913-05-17
ARE YOU A PARTNER
OR CREDITOR ?
lcorrright. 1sls. b. G. N. K.,r. Sew Yorkl

tCopyrisht 1913. by c. NJ. Keys. New York;
In April Wall Street banking house re-
ceived two letters in the same mail from
two investors in New England. Both
were from men Of advanced years. One
has been living for a good many Yeas
on the income from a fund invested in
standard stocks of the New England
type, including several railroad stocks.
several industrials, and two public util-
tiles. The other has been living on the
income from a fund invested in bonds
some time ago, at an average rate of
less than IL per cent. The man who
hold the stocks, on the contrary, has
an average of more than per cent on
the cost of what he owns.
Both were letters of complaint The
stakeholder was thoroughly frightened.
He felt that HIS whole fund was in danger.
Two of the industrial stocks which he
owned had already curtailed their divi-
dends. and his advisors told him that N
all probability several of the other indus
trials and at least one of the railroads
would either decrease or omit dividends
at some time during the current year.
He felt. therefore, that he was not going
to have more than half of the income
that he had always had, and he realized
also that if he tried to sell out and re-
invest, he would take big loss on his
original cost and would not have enough
left to yield him fair living. even II in
vested in some securities at the present
low prices.
The bondholder had two complaints TO
make; first, that his living expenses haG
gone up SO much In the past few years
that the liz per cent which he received
on his investment did not go nearly as
far as II used to go. He had been IN
vestigating to find out whether he could
increase this income. and then he dis
covered that practically all the bonds
which ne had held for many years had
declined very greatly IN market value.
Wnat ne "anted 10 Know was wnether
=. nv. ~ N.a' ~ " rs VI NE a. Ha
- Sums " e"ii'e ny asai'' anu u ~
Thas .,,o ,,.., - u,rs-
n az. a - -.
a,t;o, 70 .o,a, Wy. , -. 81 1850.
sa.,,r,, VI 'r our. ~. t ne, $500
- ;,,,s.... Vi '''e '"o
Vi Gu IN, &c" .,.,
oo,,o.rnaa a. 1912 49, is nm
So,,t,aa,, r;e,, s,.adSan,ass az
The Washington herald., 1913-05-17
OBSERVATION-DISCLOSURES

there seemed to be buying for long ac-
count Leading issues like Union and
Canadian made over point and strength
was very general throughout the list.
gains being practically universal Trad
ing has been quiet, but the tone well
maintained and at the close prices are
at the highest of the day.
Banking circles anticipate some further
shipments OF gold next week In connec-
ton with the new security preparations
abroad.
Brokers, usually active in United
States Steel, pay considerable attention
to reports of declining steel prices
abroad, as any serious change in this
direction is expected to increase our
imports under the lower tarin duties.
big trader is quoted as stating that
the New York Central consolidation will
make this a leading Granger stock, as
the lines reach States producing more
grain than those reached by the Atchi-
son and some other prominent agricul-
tural carriers.
Directors of Union Pacific and South
ern Pacific, who took part in the con-
ference yesterday In an effort to reach
an agreement on dissolution plan. said
that no progress was made, and that the
situation stands just where 1t did be-
fore.
Attorney General McReynolds has not
yet decided whether he will en-
deavor to insist on the sale of Central
Pacific TO Union. Pacific,
Stocks steadier on shorts covering:
trading only moderate. Banks lost since
Friday si,Ss7.00o
Moler-While sentiment continues bear
ish and most professional traders can
see no inducement to buy stocks, the
belief prevails in well Informed quar-
tiers that the gold export movement is
nearly over and that rapid progress is be-
ing made in settling the Union Pacific
matter and that fundamental conditions
generally are sufficiently sound to war
rant investment buying. There Is no dis
position. however. to encourage specula-
tfye bullish activity until there is def
mite assurance on the above points and
the Interstate Commerce Commission
grants the request Of the railroads to
the increased freight rates.
The Washington herald., 1913-05-17
COAL LOBBY DEFEATS
LEGISLATION, IS CHARGE
State Senator Sam B. >Montgomery Of
West Virginia Makes Remark
able Charges.

State Senator Sam B. Montgomery, of
kingwood. W. Va. yesterday made
public remarkable charges against Gov.
Hatheid. the coal barons of West Vir-
ginia- and the State Department of
Mines.
Senator Montgomery said that John
Laing. chief OF the Department of Mines.
was the owner of Red Ash Mine. and
that his department was dominated COM
pletely by the corporation interests He
also stated that an employers liability
act had been defeated in the State Lesis-
lature by a lobby of coal men at e.cn
session of that body for twenty years
This with the knowledge OF the State
officers, including Gov. Hatfield. Senator
Montgomery said:
For twenty years the corporations
have had a lobby at ea~h session of
the Legislature to defeat the enactment
of liability law, and West Virginia is
one of the five States of the Union that
has no such statute Furthermore. de-
cisions of the Supreme Court have re-
peatedly shown that the life OF a coal
miner has no value. The homes that
the miners live in, the mine equipment,
and the mule that hauls the coal. all
are insured by the mine operators. The
only earthly thing in and around the
coal mines in West Virginia that has
no insurance and is of no value is the
life of the man that has made the law
less and heartless coal barons in West
Virginia so arrogant and so rich. Nearly
100 lives have been lost in mine explo-
sions. and the only thing G!ven the
widows of the dead were the pine boxes
in which they were buried"
Senator Montgomery quoted some of
the prices that prevail in the company
stores. Potatoes sold for SIS a bushel:
-four. $50 a barrel. and sugar, l2i1 cents
pounds. he says.
The Washington herald., 1913-05-17
WEEKLY REVIEW OF TRADE
Abatement of Actipity, Due to Tariff Changes, Is
Noticeable, but Volume of Transactions Is
Large-Satisfactory Conditions Through
out Country Is the Tenure of Reports

New York. May 16-Bradstreets to-
morrow will say:
Trade currents indicate the existence
Of relatively satisfactory conditions
though the reports still are interspersed
with evidence of more or less irregularity
in final distribution. Conservatism is be-
ing practiced as to future trade, pending
prospective tariff changes, and it is prob
able that the volume of business in the
Northwest, section that has heretofore
been especially active, has tapered of
a little, but slackness in one or another
zone has been counter-balanced by i'm
proved movements in other places.
Retail trade this week has been re-
stricted by cool weather. a temporary
factor. and new business in iron and
steel tends to become lighter. Business
in cotton goods is mostly of the small
lot kind, but now and then a good-sized
order is taken. Because Of the tight
ness of money. mills are virtually pre-
vented from making up much stock, and
the general situation may be described
as being of an in-and-out character
Strikes still h-mper the silk goods trade
and labor unrest Is more or less in evil
dence
In the West, improvement as regards
future business Is noted, but In the
Southwest retail trade is good. and while
wholesale houses are doing a satisfactory
business, things seem inclined TO taper
off for the time being. Trade In the
wool-producing districts Is Slow and
Eastern houses are buying in small lots.
New orders for finished steel are lighter
with expectations OF lower prices. while
conservatism seems to be spreading. and
pig iron, though easier. remains quiet
Speculation in securities and commodities
is dull.
Business failures for the week ending
May Is were SO. which compares with
24S last week, and 243 a year ago.
The Washington herald., 1913-05-17

New York. MAY B.-MILLFEED-steady: business
inactive. Spring hTan G.cc: standard middling.
2.Co: Western red dog. 800: winter wheat. in 100
pound sacks to arrive 80; city hran. in bIlk. 80 81.
RYE Steady: light blsiness Western. to arrive.
is valued at about g. c. l. T.. track state is normal
RYE F1OUR-Steady: dealings inactive; good TO
choice quoted at Scales. in bsrreis.
CDRNMEAL.-Strong; checking trade Kilndried.
for export 3.5na3.5: coarse meal. in baaz, LEaLS.
HAI-RecciTts, so tons: market less bucyant. No.
timothy llGall5; standard Los; No. 2, loal c2's
No. ), Sszsl.
STRAw-Reseipts nil: strong business retarded.
Long rye quoted at l.5. track and LIZ on bnats
PORK-Steady; dealings are dull. Mes. 2l-5a
Z2co: family 23.0a2i5o
BEEF-Steady: supplies arc light and trade slow.
Packet Il ooaG2oO: family, 2 5nag39.
LARD-Firm; trading Is quiet. Prime Western,
49, refined continent ll65 South American. Il D
r,fined Brazilian in kegs, l3S; beef stearine, Tia
lCl.; lard stearine dull; New York, T.
The Washington herald., 1913-05-17
FINANCIAL.

7.sesso; No. ost straw. soaio@: No. o..
straw, sooas5o-
LIVE PoULrRY-Chickens. old hens. heavy H.
III: do. old hens. small to medium n, M
do. old boosters. H.. loalI; chickens young h. "a
lbs. and over. y: do. l H. and under, 3a3o;
ducks white Pekins. -lb.. IS; museoty H. Isali:
do. puddle. H.. pal; geese. nearby. H., HAS;
do. Western and Southern. h.. nai2: do. Kent
Island. h., lsan; pigeons. young. pair. %: do
old, pair 30; guinea fowl old. each. %: do. young.
III lbs. and over. IS; do. smaller. 90
EGGS.-Msryland. Pennsylvanis. and nearby nrsts.
loss on. per dozen. IS: Western frsts. loss on per
DOZEN, Is; West Virginia frsts. loss OF. p<f DOZEN
naB: Southern frsts. loss of. per doz., lsal7.
BUTTER-CreameD. fancy. ~r H., S2a32h:
choice 5oa3l do. good. 3a2e: do. prints 35a4 do
blocks. aa53: ladies' 25az: Maryland and PennsyI-
vsnia rolls. 2sa24: Ohio rolls. q; West Virginia
rolls. 2; storspacked. Tan; Maryland Virginia.
and PENNSYLVANIA dairy prints. 2ia22; butter
per h., 2aa5L
The Washington herald., 1913-05-17

I New York, May 16.-R G. Dun's to-
morrow will say:
There is still some abatement of ac-
tiVity. due chiefly to anticipated tariff
changes, but the volume Of transactions
in all the leading branches of trade and
Industry is very large. Conservatism il
naturally more pronounced in the indus
trial and financial world. while in the
South there is feeling of confidence
based upon the splendid crop conditions
and the enormous export trade. much of
which means large returns to producers
in those sections.
THE decrease in bank exchanges this
week of 1870 per cent, as compared with
the corresponding week year ago. was
chiefly due TO reduced speculatiye~trans-
actions at New York. the volume Of
business at many POINTS being equal to-
or even larger. than last year. II is no.
ticeable that in contrast to the falling
OF In bank cleariEgs,. railroad gross
earnings continue to expand. the gain in
the first week OF May being ~ per cent,
In most sections active building oper-
atoms are reported, though I'm some
places these are checked by labor
troubles, The iron and steel mills are
bnaiiy engaged on old orders. but there
har been u decline in new business, as is
shown by the reduction In the untitled
tonnage OF the leading interest. The re-
ceSsion In business in iron and steel, as
will rs In the textile trades. is, after
all, remarkably small in view of the
conservatism inspired by the pending
tariff changes which leads buyers to
rcFtrict their purchases mainly to i'm
mediate requirements.
There Is increased steadiness In cot
ton goods, with the mills well occupied
on old orders. and the carpet trade Is
somewhat more active. The recent fall
Of rain has improved the already bright
crop prospects; and. all things consider
ed, there has never been at this time of
the year a more suspicious outlook for
both winter and spring wheat"
The Washington herald., 1913-05-17
WALL Street GOSSIP

The visible supply Of copper May Is
totaled 80, so tons, against So 40 tons on
May /, decrease of $50 tons The
stocks increased 30 tons. and amount
afioat decreased 400 tons
London copper market closed nrm. up
lis Sd.
Traders say yesterdays rally was
caused by ]. Field, Joe Manning, and
Baruch making a run in OF the shorts,
after the shorts were covered. They ex-
pected to see the prices drop back again,
but were disappointed. London brought
about 1890 copper. Canadian common
wants to go up. wrenn Brothers are the
only sellers. and outside of their stock
there is nothing pressing for sale.
Standard Oil OF New York has de-
clared 400 per cent stock dividend.
Burras-In view that C. & O. did not
reduce its dividend and New Haven only
cut TO 6 per cent, II looks as though
times were getting better, and the public
is beginning to realize it.
The interview given out yesterday by
John J. Mitchell, of Chicago, produced
good effect on sentiment being the
banker of such prominence for a con-
siderable time past. Close observers say
the demand for stocks in the loan
crowd was not fictitious. 1t came from
a great many sources and indicated the
existence Of a big scattered short in
terest.
General Chemical declares the usual
dividend Of II per cent.
The fortnightly statistics showing the
stocks OF copper in Europe as OF May
Is. published today. came as a surprise
to the leading producers While II was
generally expected that the showing
would be favorable one. II was not an
ticipated that the decrease would be so
large-l.12. tons or approximately 2501oo0
pounds-and was taken TO emphasize the
strong. statistical position the metal has
been working into for several months
past. In the New York market business
was somewhat less active. but prices
continued firm at Is IS cents a pound.
Tonopah Extension has declared a
dividend of 1-2 per cent and IL extra.
payable July ].
Chica go-The 500 Line and Baltimore
and Ohio have signed a contract whereby
the 500 Line Will enter Chicago over
the Baltimore and Ohio tracks during
the early part of next year.
evansville market continues to drift
showing little sign Of getting out of its
rut. The average continues very close
to the lowest prices of the year. how
ever. and little dribbling lquidat ton
keeps coming on the market from time
to time. When real move comes I
think it will be in the direction of lower
prices.
z. & C. Randolpn-The opening Fri.
day was quiet but firm, stocks showing
fractional gains from last nights close.
New Haven gained over a point on the
news of the declaration of the dividend
at the rate of per cent. where a cut
to per cent had been feared. During
the first three hours business was light
and stocks fiuctuated within very mar
row limits, but after that a better tone
prevailed. Shorts covered freely, and
The Washington herald., 1913-05-17
WASHINGTON PRODUCE.

Quotations quoted below for large lots. Job
hers prices are higher.
The market on lambs and veal calves while not
50 strong remains steady at figures quoted. Quota
tious on hens are only nominal, market is very
quiet.
Market for Southern vegetables active. Potato mar
ket weak Apples meeting active demand at ratnLr
stronger prices. Sweet potatoes and yams In de
mand at quotations. Good strawberries in great
dtmand.
North Carolina lettuce is moving slowly at prices
quoted. South. Carolina asparagus plentiful
Because Of very light receipts Florida tomatoes are
in good demand at high figures
EGGS-Nlarby. fFtsh, psr doz., Isa2o Southern. 49,
CHEESE-New York, new. per pound, lels; fat
The Washington herald., 1913-05-17
NEW YORK MONEY.

New York. May Is-can money opened Z5s per
cent; high. % per cent; low. "a per cent; re-
nswal' * per cent; ciosSd' n per cent; ruling
Time money exhibits frmer tendency, particu-
larry in the shorter dates. One factor that has
contributed materially to effect this turn in the
market has naturally been the further engagement
Of sold for shipment to Paris a
Rates are per cent for sixty days ninety days
and four months; ~ per cent for FIVE months and
81 yer cent for six months.
trihe harder tone is likewise displayed IN COM
nercixl paper. This is reflected, IN the quota
The Washington herald., 1913-05-17
Big Dividend on Standard OIL.

New York, May ia 400 per cent
dividend on the stock of the STANDARD
Oil Company of New York soon will be
declared, providing the stockholders ap-
prove the plan for increasing the capt.
tai stock from S15,O00.OOO to s75,O0OOo
Directors today mailed out notices fol-
special meeting on this matter for
June s. II the stock increase plan is
ratified. which is very likely. the 100 per
cent melon will be sliced a week later
The Washington herald., 1913-05-17
Lanston fell back u point FROM IS. the
opening. to s4Iz. the closing.
director Elected.

Andrew d. Loeffier. formerly president
of the Provident Savings Bank, and one
of the representative business men OF
the city, has been elected a director Of
the Union Savings Bank.
Investment Bankers Associations.
The board of governors Of the Invest
ment Bankers Association held a meet
ing yesterday in st. Louis, and viii con-
tinue in session today.
The policy on new lines to be under
taken in the investment field will be dis
cussed. The question of ''blue sky laws
is one of the most important to be
handled by the association. The income
tax law and the proposed new uniform
municipal bond law will also receive at
tention.
7 organization has led in the cam
paigp for sane bond laws and has, ac-
cording to President Caldwell, of Chi
cago. been on the defensive only against
laws that hamper legitimate business"
The Washington herald., 1913-05-17
WASHINGTON STOCK EXCHANGE.

Sales-Regulsr call, l2 O'Clock noon.
metropolitan Railroad 81. Sl000 at iH.
Washington Railway 4 Electric 4. 81 go at 9.
$500 at S. 81 900 at g. 81 GO at s. 5000 at $.
N.eoo at s..
Iol. 81 90 at lol 81 OO at I0l.
Capital Traction. II at ls. 3 at I2Oi. . at laoi.
= at laOiI, 3 at lpis. at E0S., 3 a; 49, 3 q;
lHs
Washington Gas 5 at So, 50 a, slE. 5 at sIS.
80 al 50. 3 at s44s..
Lanston, Il at IS. Il at spi
National Metropolitan Bank. at 30.
AmeTcaD Security & Trust 70 al 80.
After call:
The Washington herald., 1913-05-17

ton Of 81 per cent for the choicest names, as
against 5ka5h per cent on the day before. The
market continues narrow and spotty. London dis
counts. N per cent. up Liz: Paris discounts. Sx
per cent. unchanged
The Washington herald., 1913-05-17

trary, is weak and dangerous, not be-
cause OF any worldwide adjustment Of
interest rates. but because the actual
surplus available for the payment Of divi-
dends has dwindled
The Washington herald., 1913-05-17
WEEKLY BANK CLEARINGs.

New York. May 6-Bank clearings in the United
States for the week ending May Is aggregate S.
lie.o6.o 900 against S.Elsoeoo last week and s.
i6'.81 coo in this week last year. Following are
the returRs for this week with percentages of
changes from this week last year:
The Washington herald., 1913-05-17

Mrs. John Perrine, Of Jsmesbury Pa. has
eat which she says = able to play the sale on Z
piano.
The Washington herald., 1913-05-17
COTTON STATISTICS.

Furnished by n. L. Carpenter & Co
New York, May Is.
Receiptx MiddhngS
The Washington herald., 1913-05-17
New York Bond Sale.
Local Stocks.

Capital Traction was under pressure,
easing this time another fraction. or
from 1eoIz to 12oA with sales of l6O
shares. Railway issues entirely nomi-
nal, with asking price lowered to ~ and
bid to 81 for both issues.
Gas was easier by a shade, 54asIs.
The Washington herald., 1913-05-17
Railway is Ffrmer.

On the local stock market yesterday
Washington Railway and Electric Is at
tracted considerable attention and moved
up fractionally, with sales at 50 only
Potomac Consolidated IS were strong at
lOl.
There seems TO be a little better feel
ing in the bond market generally, in
New York as well as locally. The fact
that local first mortgage issues can be
used as security for deposits of tax
money is helping the various issues
Traction IS are held strongly at 10. Gas
IS at 1881, and Georgetown Gas IS at
The Washington herald., 1913-05-17

Furnished by y. L. Carpenter & Co.
The Washington herald., 1913-05-17
MISCELLANEOUS BONDS.
NEW YORK PRODUCE.

! sslcs 81 IS 90. against s. io3 40 yesterday
90 week ago. and S.i22.ooo a year ago.
The Washington herald., 1913-05-17
NEW YORK COFFEE.

= 1875 shares. against lsl.H5 yesterday.
rex ago. and 1895 year ago.
The day book. [volume] (Chicago, Ill.) 1911-1917, 1913-09-04

would
article for consumption.
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El Paso herald. (El Paso, Tex.) 1901-1931, 1913-07-22
Arrivals and Departure of Trains and Automobiles
RAILROAD TIMETABLE.

RAILROAD TIMETABLE
Al trains arrive and depart from
street An arrivals and departures
given in FL Pasc or mountain stand
ara time
SANTA FE.
For Albuquerque, Denver, Chicago,
Los Angeles-Lv. $3.50 a N and 7:05
From Albuquerque, Denver. Chicago,
Los Angeles-Ar. 1890 a m and $40
p. m
Ell PAsO & SOUTHWESTERN.
CWestern PiviEIOn.)
For Arizona and SOnOra-Lv. 1880
From Arizona and sOnora-Ar. z:OO
-'''' eastern e. DIvIsIon.)
For Kansas City, St Louis, Chicago
-Lv- 7:45 a m, 1915 p. m, 2:55 D m.
The 7:45 a m train connects daily at
AlamOgOrdO with train to Cloudcroft;
the 2:55 train on Saturdays also con-
meets with ClOudcrOft train
From Kansas City. St Louis, Chicago
az z SIS a m; $40 5 p; : M $50 81 ?; m
For San Antonio. New Orleans.
Westinghouse. 10 a m, $50 D. N.
From San Antonio. New Orleans
For Arizona and California-Lv. s:53
a. m, T:10 a. m, 400 p m, 1905 p. N
From Arizona and Californfa-Ar.
6;5S a m, 1920 p m, 2;42 p. m,
TEXAS & PACIFIC.
For Dallas and St Louis-Lv. T:15
a m, $50 D m.
From St. Louis and Da1las-Ar. $3.50
a m, $40 D. m.
NATIONAL RAILWAYS OF MEXICO.
For Mexico City-Lv. 7:s5 a m.
From Mexico City-AE: AIS p. m.
MEXICO, NORTH WESTERN.
For MADEIRA. Pearson and Chihuahua
Daily, :o5 a m.
From MADEIRA, Pearson and Chihua-
hua-Daily. 7:o5 D. N.
El Paso herald. (El Paso, Tex.) 1901-1931, 1913-07-22
Tnn I ale To Classify


FOR SALE-Furniture of room house,
house for rent Call 1929 E Missouri
FOR SALE-We have for sale at
bargain one 4 passenger surrey, one
carriage and one family station wagon
All these vehicles practically new and
bargains. Hines Lumber and Coal Co
WANTED - room furnished apart
ment or small furnished cottage. Phone
51S9.
WANTED-Two girls to room, cheap
rent, Highland Park Phone 6292.
WANTED-An advertising solicitor who
can sell advertisements. Herald
FOR SALE - Furniture of s rooms:
house for rent; good location Phi 2117-
FOR RENT-Smau cottage with sleep
ing porch, Grand View, block and half
from car line Phone 1861.
TWO COOL clean housekeeping rooms
with bath: 7 minutes walk from P. o.
sos \. Campbell
FURNISHED front bedroom, bath ad-
joining, private entrance; suitable for
= gentlemen or couple; close in on Rio
Grande. terms reasonable. Phone 1909.
WANTED-To exchange Spanish les
sons for Pitmanic dictatiOn- Phone 2145-
El Paso herald. (El Paso, Tex.) 1901-1931, 1913-07-22

rooms and bath, red brick eood
as new, lot 100x12O, fruit trees and eSC-
ceIent garden, irrigated at cost Of
- per year, outbuilding arranged for
cnlckens; an absolute bargain at
S5OOO. $500 cash, balance small
monthly payments
r. G. Bailey Land Co.
$40 Mesa Ave Phone 206S.
El Paso herald. (El Paso, Tex.) 1901-1931, 1913-07-22
AHA VISTA LOTS,

Bliss St, in the restricted district
You will buy when you see them. oniy
lots in block 101. Alta Vista. nice
and level, $3.50 for the ?. -i-10
El Paso herald. (El Paso, Tex.) 1901-1931, 1913-07-22

Through fare, one way, $3.50: inter-
mediate points. 10c per mile so lbs
baggage, free: excess carried
Roswell Auto Co., Roswell, y. NJ.