davidaulloa/AmericanStories huggingface dataset:
Atlanta Georgian., 1913-10-20
REAL ESTATE AND
CONSTRUCTION NE WIS

avenue and plans for a two-story man
ufaCturing plant on West Peachtree, G.
seven story office and loft building on
Nassau street. and numerous dwellings,
to cost total Of more than 100000.
A trade Of SS5. 600. which will involve
apartment house Improvements, Is in
contract stage.
The Rea-,s Investments has sold &c
the Red Rock Ginger Ale Company q
so by IO7 foot lot on the south side Of
Auburn avenue. 80 feet west Of Ivy
street, for $50 900, or at the rate Of ST.
Geo a front foot The transaction was
handled by Forrest Adair,- Jr-. Of tha
Forrest * George Adair Real Estate
Agency.
To Erect Seven story Building.
Harry j. Bruce. a loan agent in the
Empire EuiIiiIg. has planned q scNeI-
story office and manufacturing huiid
ing on the north side of Nassau street.
between Spring and Barlow streets. to
cost probably $4,000 The frontage is
- feet The building will be in the
hands Of Is NJ. Grant " Co. for renting,
and is TO be started about November l.
The Nassau street section has seen
ConSidera bic activity in the erection of
substantial buildings. and the spread
Of structures in this neiGhhorhood EN-
phasizes the trend westward More
buildings are expected to be built as
soon as the project of extending Spring
street and building a viaduct is well
under way.
Atlanta Georgian., 1913-10-20
Grain quotations:

VISIBLE SUPPLY CHANCES.
Following shows tha visible supply
changes Of grain for the week:
Whest-TnCrease I .349, 900 bushels
Corn Decrease, 959 900 bushels.
CafS-Decrease 6l6 900 bushels
Atlanta Georgian., 1913-10-20
Loan Deeds.

S5Oo-Nrs. Leonora D. Johnson TO
e. f. Johnson, 40. 40 Ponders ave
nue.. - by ~ feet. october -.
S200O-A. r Buehl TO Lillian NJ.
Lacy. lot So by POS feet, southeast cor
ncr Spring and Thirteenth streets.
October II.
S6.250-Mrs. Sarah NJ. Thomson and
Mrs. Mary G Traylor to g. l.. Detoor.
lot 40 by 81 feet. west side Main
street. Il feet north of White Way
Hapeville. October IA.
$600-Isaac Sinlovitz TO Mrs. An
ME Pagan, lot 1uf by 200 feet, east
side Smith street 4GS feet south Of
Rockwell street; also lot 10 by 100
feet northeast corner Smith and
Gardner street September H.
$50O-Mrs. Sarah j. Hanna 10 $. #.
Davis. lot 100 by 100 feet, south side
Yale avenue. 100 feet east OF Wash
iugton avenue October rs.
12,500-William L. and John o
DuPree to David Stern, lot % by 80
feet. southeast corner PeachUee and
Currier streets October Il.
$5,O0O-Mrs. Sarah NJ. Thomson and
Mrs Mary G. Traylor to David Stern,
lot 40 by 81 feet, west side Main
street q feet north of White Way,
East Point. October "A.
Atlanta Georgian., 1913-10-20

Market Sentiment Shows I'm
provement, Based on Stronger
Situation Abroad.
BY CHARLES w. STORM.

NEW YORK, oct. 20.-There was .
brisk demand for stocks in the early
trading on the Stock Exchange to-day.
nearly all the important issues making
substantial gains. The advances, now
ever did not fully reflect gains made IT
London before our opening. and this
permitted moderate buying in the mrs.
few minutes for London account. This
purchasing, however, quickly brought
prices of the International shares up to
the London level
Amalgamated Copper was one OF the
most prominent features. rising q TO
73 =. while Utah Copper rose point on
a few transactions, selling at 5SA.
Union Pacific rose a to 1899 and SUD
stantial gains were made in United
States Steel common, American Can and
Erie Rock Island preferred was up Ia
to 19&. and a fractional Improvement
was made in the common stock, but the
per cent bonds showed weaker tone.
The curb market was firm.
Americans in London were flr1ner. the
Hartman and Steel shares being most
prominent
.,-,., Nxon1 e-ANK MApKET
Atlanta Georgian., 1913-10-20

Cotton seed oil quotations /:
Atlanta Georgian., 1913-10-20

Many responses have meen made 10
the call for assistance in the project
launched TO extend Spring street to
BrookEood and TO build a viaduct
over the railroad tracks to Madison
avenue. near the Terminal Station.
Property owners are being asked to
give 81 for every foot of frontage
which they own and a considcrahl
sum has been assured. owners real
izc fully the value of the improve
ment.
Mayor Woodward. who formally
launched the project at the realty
mems dinner Friday by promising his
active support, is of the opinion that
Atlanta Georgian., 1913-10-20
More suiIdina Rumors.

In reply to the assertion Of Amos
Braselton that he viii erect a 81
story building on the Deceive proper
ty at the northeast corner of Mariet-
Ia and North Forsyth streets. Henry
Deceive declared that the affair was
decidedly 'nehu}oUs.
There has been no written or Orat
agreement on the disposition Of the
Deceive lot" he said a good deal
Of talk has been going the rounds
and lots OF people have asked me
about the report. but there is nothing
to it. The corner has not been leased
and ! nave no appointment to meet
Mr.. Braselton Some time ago We
were approached on the subject Of
leasing the property, and stated in a
general way what We would be will
ing to do, but nothing else has been
done"
In reply to the report tnat one side
the DeGiveS had signed u contract
Mr.. Deceive asserted that neither side
had signed.
Mr.. Braselton hopes to lease the
corner foI 99 years and erect sky
scraper through a trust company 10
Gated in New York. He negouateu
the lease of the lot at the southwest
corner of Peachtree and Ellis streets
which made possible the erection of
the WineCoff Hotel.
Atlanta Georgian., 1913-10-20

-<fsfI RE repaired and packed; sat
faction guaranteed. l.. w elohs' IVY
Rear Il Auburn avenue.
Atlanta Georgian., 1913-10-20
Motqaqes.

s1.050 -Robcr. 7. Wells TO John 7.
Thompson, lot 50 by 100 feet. north
west coruer Windsor and stephens
streets. October 1n
S6sS-A. o. Davis to Colonial Trust
Company, lot so by lG4 feet. southeast
corner Annie and Shirley streets. Oc-
tober 16.
Atlanta Georgian., 1913-10-20
Loan on Central Property.

Mrs. Mary VI. O7Erien and Miss Nal
+. O'Brien have given 10 the Emf
nent Household of Columbian Wool
men a loan deed for $4,000 on the
Steiner Emery Building and property
TO the rear for five years at Il
per cent.
This property is l16 feet on Peach
tree. to the Fourth National Bank
Building, 316 feet on Niaduct way. %
Broad street, and 146 feet on North
Broad, to the rear Of the Third Ma
tional Bank Building.
Atlanta Georgian., 1913-10-20
REAL ESTATE FOR SALE.
Sharp & Rovlston
INVESTMENTS.

We have a few pieces of A-NO.
l negro property that we can
sell you on a y per cent basis
or better. See us about the fol
lowing:
Three double houses renting
for $46.50 month. Price 81, 800.
One double 7-room house rent
ing for $35 month. Price $3,4OG.
Three double houses renting
for $4,000 month. Price $3,250.
Four houses renting for $35
month. Price $2,750.
These we can recommend to
any one looking for this class of
property.
If you have anything in this
class of property you want to
dispose of, list it with us for
quick sale.
Atlanta Georgian., 1913-10-20
MANY Small Houses.

BundinE Inspector I'd r. Hays mas
received application for nine more
one story and two story houses TO
cost an aggregate of over $4,000 g.
L. Shelverton will build five ON At
lanta avenue; w. Il. Wiun one on
East Ontario avenue, West End; Mrs.
B. f. Weaver one at No. a East
Tenth street; Mrs. Mary +. BroXton
one at No. 305 East Cain street, and
c. j. Haden a cottage on New street.
Atlanta Georgian., 1913-10-20
OuTtcIaIm Deeds.

s5-N. G. Mcpherson TO }. +. Nc
Adams, lot so by 164 feet southeast
corner Annie and Shirley streets. Oc-
tober is.
s1-Louis G.hoistin so Keeton-Mc-
Arthur Company, lot 300 by SSs feet.
north side Norfieet road. 995 feet east
OF Howell NH road. September II,
Atlanta Georgian., 1913-10-20
Administrator Deed.

tt7.556-John T. Grass Estate 'by
administratrix) to william l.. and
Tohn o DuPree. lot 90 by IS feet
southeast corner Ppachtrec and Cur
rIer streets August
Atlanta Georgian., 1913-10-20
Eleuen Acres Sold.

The Greene Realty Company has
sold for Mrs. Sheppard to d, T. Brad
ford an eleven acre tract on the
Brown Mill road, Lakewood Heights.
for 1900. The tract viii be devel-
DUpd.
Atlanta Georgian., 1913-10-20

Spring street improved viii be a close
rival Of (EasD Peachtree. He said
he expected good deal Of automo-
bile business to seek Spring street
because of the fact that there would
be no car line on il.
The entire west side\of the city is
Que to have a commercial awakening
through the Improvement OF Wes,
Peachtree and Spring streets. and al
to put money in this section TO a
greater extent than ever before.
Atlanta Georgian., 1913-10-20
GRAIN

CHICAGO. oct. 2O.-There was a
strong closing in wheat, although the
volume Of trade was only moderate dur
ing the day December was UP as much
as / cent and May was nearly p high
er Cash sales were %, 900 bushels
wheat 10000 corn, and l75,000 oats.
Gains were made of a to = in corn and
l. in oats.
The provision market showed but 1t
lie actual change.
CHICAGO GRAIN MARKET.
Atlanta Georgian., 1913-10-20
SPOT COTTON MARKET

Atlanta, steady; middling 133s
Athens, steady: middling 1Sc
Macon, steady. middling 1919.
New Orleans. steady, middlinE 1874.
New York. quiet; middling 1870
Philadelphia, easy; middlinE IA 30.
Boston, quiet; middling 1870.
Savannah, steady; middlinG 1873
Liverpool, easier, middling Z $50.
Augusta. steady; middling Is 7-16.
Charleston, firm; middling i3 5-16.
Norfolk, steady; middling 1872.
Galveston, steady; middling 13 1919
Mobile, steady. middling 1874.
Wilmington, steady; middling 1914.
Little Rock, steady: middling 1874.
Baltimore, nominal; middling 1873.
st Louis, steady; middling 13k.
Memphis, Arm: middllng 1917
Houston. steady; middling 1S%
Louisville, firm, middling 1914
Charlotte, steady: middling 12c
GrecnVlie. steady; middling l2C.
Atlanta Georgian., 1913-10-20
Sheriff's Deed

S20O-Gate city Home Builders tby
Sheriff. to Mrs. Anna G. II. Mathew
son. lot 80 by 146 feet, east side In
man street. 22S feet north OF Cor
don street. October l6.
Atlanta Georgian., 1913-10-20
CHICAGO CASH QUOTATIONS.

CHICAGO. Oct 20.-wheat, No, q
red. 91l. d92; No. 3 red. sS1z a 9O1z; No.
hard winter. S4qS41s; No. 3 hard win
ter, s21a4s3&: No. Northern sprins,
S6lz dS7; No. 2 Norther nspfing, S5a@
s6ls No. 8 spring, S29s4.
Corn No. 2, So1l R6S4s: No. WHITE
sSSt Q6s; No. 2 yellow. 5000; No. 3
6896sA No. 3 white. 6sA 9eSA; No. 2
yellow, 6sl4 D6s; No. 4, S9E7&; No.
yellow, 6S
oats. No. white. 407 No white
S7S TSsss No. 4 SIN No. white. S714
ass standard, 1890
Atlanta Georgian., 1913-10-20

st Louis oct 20 Wheat. No. Z
red. S9Iqlta. No. 9, sSW30l2, No. . hard,
S3dgO. No. 8 E2la dS6l-
Corn No ., 69d69i2 No. 5, 50; No
2 yellow. 69]a; No, white, 70; No. 5, 81
oats: No. 2. Sa1s; No 3. Ss1a: Ne 4.
s7L No :. white, 4O64o]s; No. = sa9
20, No. !, SSia standard 9sA49Ns
Atlanta Georgian., 1913-10-20
MIR. Girardeau's Change.

W. l. Girardeau. formerly with the
John j. Woodside Real Estate and
Renting Agency has formed a con-
hcction with the Lockridge " McLain
Agency. in The sales departmemi.
Atlanta Georgian., 1913-10-20
W.A.FOSTER & RAYMOND ROBSON
REAL ESTATE RENTING AND LOANS.


TUX "a LIE.
DRUID HILLS SECTION-Eight-r
brick home on dandy lot Hard
wood floors; combination fixtures. and
all conveniences VIII either sell or
trade for improved or vacant North
or South Side property. Let us show
you this. and then make US an offer.
Better be. quick. as il won't be on the
market long. See Mr.. Bradshaw or
Mr.. Martin.
SOUTH KIRKWOOD-In this fast
growing town We have three or four
slX-roOm cottages, with all conven-
lences except gas. $1,000 to $4,000,
on easy terms. See Mr.. Radford.
QUEEN STREET, WEST END-SiX-
room home. Modern. Lot 40 10y 80.
$1,000 Some terms. See Mr.. Cohen.
NEW SIX-ROOM BUNGALOW in the
Druid Hills section, right AT car
line. All conveniences and modern
IN every respect. Cheap for So 600, on
terms OF $3.50 cash and balance month
ly. See Mr.. Martin or Mr.. Bradshaw.
SIX-ROOM COTTAGE on lot 50 by
150, on one of the best streets in
lnman Park. Party forced to sell
Satisfactory terms. SO so. See Mr
White.
IF YOU HAVE MONEY to lend y
Atlanta Georgian., 1913-10-20

PORT RECEIPTS.
The following table shows receipts at
the ports to-day compared with the
caT, do los
Atlanta Georgian., 1913-10-20
Transfer and STORAGE
~ and sheet Lon Work,r,.
Wall Paper,

a ILANTA 5-1Oc WALL -SEPER CO.
" r. cater mainly TO landlords Seeing
oeh'NlnE. Let us show you our f0c
-7.l parer. better than most 20 or 35c
fEege Prompt attention 10 mail orders
..' send samples anywhere Don't
g.. Lhn number l67 Whitehall street,
Atlanta Georgian., 1913-10-20
Sewing Machines.
Shna RenaIrinn-

81 NEIL & HUNTER, shoe repairing.
Work called for and delivered. ass
tageWOod avenue Atlanta 1927.
Atlanta Georgian., 1913-10-20
Stove and Ranae Repairing.

IF NoC have a stove that needs re-
ntIriug call Ivy I24G. Prompt serv-
.a and vo guarantee our work. We
"'aNo eWpkRStaCks, too i0l North For
s-tl At'ants stove supply Company.
Atlanta Georgian., 1913-10-20

COTTON SEED OIL.
Atlanta Georgian., 1913-10-20
BUSINESS GUIDE.

Flrniture Sought and Sold.
90 sf|TT, Tor cash and save YOU half
-.7,rcrn Wreckage Co, ia South
Atlanta Georgian., 1913-10-20
Printing of All K
Printing and Gum Labels
Safes
-----r~------~ ~---,-~e-eC---~~--~~-~~~~
ATLANTA SAFE co.
Safe Crscksman

BARGAINS i'm safes. new and second
hand. Lockout experts and artists
A. 1862 Main 4GO1.
Atlanta Georgian., 1913-10-20

Announcement was maze Monday OF a
$500 real estate transfer on Auburn
Atlanta Georgian., 1913-10-20
Slate Roofln

JONFS SLATE ROOFING co,
- w iI'C Repairs and New Roofing.
Main 1915 Atlanta 955.
Atlanta Georgian., 1913-10-20

NeN Rnhher Tires.
PaIntino and wan Tintine.

g. Johnson does all kinds of repair
t.oIk Painting and tinting a spe-
any Bell phone West 1851. SSI
- mir street.
The Washington herald., 1913-05-04
WASHINGTON PRODUCE.

Quotations given below ars tor large lota Job
hers prices are higher.
Spring lambs and veal calves lower in price. Ow-
ing to agitation Of the tariff WOOL clip wool
is 10 to Il cents lower per pound than
Market for Florida vegetables active. Potato mar
ket weak Apples meeting active demand at rather
stronger prices. Sweet potatoes and ysms In de-
mand at quotations
North Carolina lettuce il in good demand at
prices quoted South Carolina asparagus plentiful.
Because Of very light receipts Florida tomatoes are
In good demand at high figures.
EGGS-Near-by fresh, doz lsaisis; Southern, Is.
CHEESE-New York. new. per pound. l6h; fat
per pound, ISL; Swiss. domestic. per pound. 81;
do. foreign. per pound. q.
LARD-Tub. pure, per pound, 121a; do, common,
per pound, skaSs. Cottonseed Oil. per 3A.
BUTTER-Best print. new, per pound. a: tub. per
pound. g: process. per pound. sa3l; undergrades.
per pound. Is.
LIVE POULTRY-Hens. h., rl1als; roosters. 10;
spring chickens h., 5ca22; turkeys h. leaI7: geese
h. loal2 ducks. h.. lssl7 keats. young h.. lsa2O:
do, old, l0als.
GREEN GOODS-Potatoes DBL, I25sl5c do.
bush, 5oa7o: yazns Dbl, ?oea3W; sweet potatoes
bb, L5oa4N; new potatoes. Florida. Dbl. 450s5 .
onions. loolb. bag 75a1oo: beans Florida bas liza
500; peppers per crate, 2o0a3O eggplants Florida
crate. l5oa3!eo; tomatoes. crate. 226a35o; mush-
The Washington herald., 1913-05-04
HOUSTON TO SPEAK
At HARVARD Meeting
Alumni to Gather in St. Louis, Mo.
Mai. Gen. Wood to Make
Address.
PERCY HAUGHTON A GUEST

St. Louis. May 3-Graduates of Har-
ward University from all parts Of the
United States will come to st. Louis
May % to be college men, again and
march under banners OF crimson to
tunes of favorite college songs at the
seventeenth annual meeting of the AS
ISOLATED Harvard Clubs, Friday and
Saturday. May q and a.
Members of the class of "a will hob
mob with those of 1912; the old battles
of gridiron, river, and diamond will be
fought over victories will be celebrated
again and defeats explained from new
angles.
The principal feature Of the meeting
will be the banquet, which wilr be given
Saturday night in the great main din
ing-room of Hotel Jefferson.
President Lowell, of Harvard Maj.
Gen. Leonard. L. S. A: Dean Briggs,
Secretary of Agriculture Houston. IL. A.
Leekley, of Oklahoma, and Percy Haugh-
ton, Harvard's head football coach, will
be the principal speakers.
Coach Haughton will give a stereop-
ticon lecture on Harvard's 20-to-0 victory
over Yale last November.
The meeting will officially begin Fri
day at noon with a luncheon at Hotel
Jefferson. which will be the delegates
headquarters, and where rooms have
been engaged for them. Immediately
after the luncheon will come the bust
ness session.
At o'clock Friday afternoon the dele
gates will be taken in autos to Sun
set Inn, in the foothills of the Ozark
Mountains. overlooking the Meramec
River, thirteen miles from st. Louis.
where dinner will be served on the
porch.
At $50 o'clock the curtain will rise
on a musical play that should be as
good as any ever produced by the
famous "Hasty Pudding Club. The
music has been written by Max Zach,
formerly conductor of the popular con-
certs of the Boston Symphony Orches-
ira and now conductor of the st. Louis
symphony Orchestra, and the words by
Eugene H. Angert, ST. Louis Harvard
man, and his sister, Miss Josephine An
CERT.
At 10 o'clock Saturday morning the
delegates will march along the streets
behind band Of music to the river,
where a boat will be in readiness to
take them for river trip. Lunch will
be served either on the boat or at the
landing place yet to be selected. The
return trip will be made In time for
the banquet.
The Washington herald., 1913-05-04
CASEY PRESDES;
IS PROUD OF IT
Pennsylvania Representative, Although
Recently Elected, Called to
House Chair.

II is not often that a new Congress-
man is called to preside in the House
of Representatives, but such was the
case on Friday, when John j. Casey.
representative from the Luzerne district
Of Pennsylvania, occupied the Speakers
chair for an hour and half while the
House had gone into Committee of the
Whole. The "who's-who'' contingent, al
curiosity aroused. and came away hish-
ly gratified at having seen a live Demo-
crat from Pennsylvania, and in so con-
spicuous a place!
But a little job like that would be
nothing to the man who organized the
Central Labor Union Of Wilkesbarre and
remained at it's head for eight years,
and that could be elected to the Legis-
lature of his home State on an indie
pendent Cor reform) ticket. Such Is
Casey's record.
Casey did things while at Harrisburg.
Things that gratif1ed his constituents
and that made the politicians in the
Keystone State take notice. His most
noticeable achievement-and it was an
achievement to be proud of-was his
liability law In the face Of seemingly
unsurmountable obstacles. Last year his
constituents decided to promote him to
still higher position at the Nations
Capital.
Just at present his union-the Interna-
tional Union of Plumbers and Steamf1t-
ters-has granted him leave Of absence,
so that he may serve the government.
The Washington herald., 1913-05-04
NEW YORK PRODUCE.
CITY & STATE sECURIrIE

New York, May 3-MILLFEED-fir
demand is quiet. Spring bran, lilo;
standard middling, 22OO; Western red
dog. $500; winter wheat in 100-pound
sacks. to arrive, 24.O0; city bran, in bulk,
1850.
RYE-Steady; small business. Western.
to arrive, is valued at about 70 10, C. l. f.,
track. State Is normal
RYE FLOUR-Steady: lifeless BUSH
ness: good to choice quoted at 360a4.05, In
barrels.
CORNMEAL-Steady; dealings are linn
tied. Kiln-dried. for export. 3.25a3.3o;
coarse meal i'm bags, 1.25a1 q.
HAY-Receipts, 627 tons; choice strong;
low grades dull. Quotations.; No. 1 tim
othy, L10a1. 10: standard. Los; No. 2, 1O0a
Los: No. 3, 800 SIC.
STRAW-Receipts. nons; firm: demand
inactive. Long rye quoted at 1.f0a1 10, on
track, and 10 on boats.
PORK-Easy: trade is moderate. Mess,
q. 5Oa22O0; family, 23.00a24.50.
BEEF-Steady: supplies are light and
trade slow. Packet, 22.0Oa230o: family,
% 0Oa24O0
LARD-Flat: trading inactive. Prime
Western, 1l.35; refined Continent, no;
South American. ESQ; refined Brazilian,
in kegs. 1880; beef stearine, 81 cents;
lard stearine, dull; New York. IL "a cents.
The Washington herald., 1913-05-04
REAL ESTATE TRANSFERS.

So 2sOs 1t ss-BRINLEY. Foil ct ux Nellie NJ to
Robt u Suter SO covenants 50
IS Of Emerson W Of 18th nv)
So 5s74 pt 1t sec Barry Farm-BARNEs. Geo Ct
ux Elizabeth to Dora Patterson SO II
me OF Sheridan sci
So oss sub 1t 81 Mt Pl & n Pls-BARNEs. Ado
laide F to Dan1 Leahy 80 q
te47 FIX I'd nw)
So ess Its 50 4 g & west \ It a-CIssEI. RoSs A
ct ux Mary & Agnes ID 30 Edw Stevens 80 =
CF1a ave bet CAP & LIST mel
So 1ss PTS Its IL to LETTING, Marx to David
D1nigan so =
tlsf to 1A5 nwl
So 1854 1t zeKERPER. VIM Il ct w Ahce N ts
Inez Walden 81 .
1sth bet & ne,
Kileriane ct Katherine A 80 covenants q
Is of Rock Creek Oh nd + of Ga ave nw)
So D6s 1t y blk Howard Univ-LEwIs. Henry A
ct ux Harriet l. to Geo W Hines so -
(S3 Fairmont st nw)
So zss 1t g blk 10 Insieside-MoREI.AND, Paul
to Ellen Riordan SO tr $s.om
So SIS II Is-MacNAMEE, Arthur M v.,l.c.
sub trs to Thos MaeNancs $500
$50 r I ave nw1
So a5s4 1t B-MURPHY. VIM ct ux Msrx,,,t . IN
Lnwood German ct ux Clara Joint tenants
Is Of D Of 18th mel
So 1854 1t 9-sams to Owen W carrick Ct ux
Elizabeth Joint tenants so tr Emo II
IS of D e Of 18th ne,
So 04 II lp blk woodley Pt-RAYNER. WIN
to Margaret @ Rayner SO covenants .
t84s Conn nwl
So loss II 1-soHAFFER, Jos q to Aloysius
TX bet Iath & 18th ,ss,
So 1888 Il % Chilim Castle Hts-THE WASH
INGToN LAND MTG Co to o d Kirkland
tBlair "a bet Nicholson & Oslethrope SIS nv,
Burn so q
(,4ls to 340 nv,
The Washington herald., 1913-05-04

ton and Georgetown gas companies.
But before anything worth while car
be accomplished it is up to the Presi.
dent to make the appointments of two
commissioners.
Bond Interest.
Another factor i'm the present situa-
ton has been the attitude for some time
past of the investing public toward high
grade long term railroad bonds. For
years, and when bonds of that character
were selling to net less than per cent"
says Spencer Trask & Co., they were
found in the safe deposit boxes of near
ly every careful investor. Now st
Paul issue offered at a price TO net over
AZ per cent fails to be fully applied for.
Why? Certainly the underlying security
could not be found fault with, for 1t had
met the very stringent requirements of
the New York State Savings Bank law.
What then was the matter? Several
reasons have been advanced. In our
judgment it was largely, If not entirely.
a question of interest return. Four and
one-half per cent would have been con-
sidered more than liberal a few years
ago, but now the appetite is for per
cent and over. Moreover. i'm view OF
the uncertain prospects of railroad earn
ings and credit. a short-term obligation
looks better now to the average buyer
than a long term bond. 1t, was probably
due to a combination of these two con-
siderations that the New York Central
was recently able to place with instant
success 100000 one year notes on about
a 5h per cent basis.
I'VE do not for a moment believe that
a 5k per cent basis is to be taken as a
standard for sound railroad bonds. but
we do believe that it will need forces
which are not now visible to make the
former per cent basis attractive within
anything like the measurably near fu-
ture.
Bank Statement.
The statement of the actual condition
of clearing house banks and trust COM
panies for the week shows that they
hold SIS, s55, $50 reserve in excess of legal