davidaulloa/AmericanStories huggingface dataset:
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-05-10
FINANCIAL.

as the old per cent class, they assumed
o. responsibility for which no doubt they
will suffer good deal, but the real bur-
den Of their error presumably will be an
added mistrust of American securities in
the minds of the Dutch investors, so that
the real punishment for their mistakes
will fall upon American industry at large
In this country we have during the
same period come dangerously close to
falling into heresy about the matter OF
safety in investment, which is an ancient
and often exposed heresy, but which
nevertheless comes to the front every
now and again and lifts its head with
just as much confidence and assurance as
ever. Everybody who knows anything
about investment at all knows perfectly
well that thore is a vital and intrinsic
difference between, for instance, q first
mortgage bond on an established rail-
road with large earning power or on an
established electric light property with
large earning power, and stock. wheth-
err ii is preferred or common, which rep
resents an expanding industry. Every
critic recognizes, as maxim. that very
large proportion indeed of the value of
an industrial plant, no matter how good
IL may be, depends upon good fortune.
The earning power of an industrial en-
terprise fluctuates much more widely. and
must in the nature of things ebb and
flow much more strongly than the earn
ing power of trunk line railroad. or of
Il public utility enterprise supplying the
necessities of life 10 the population of 4
city
Yet i'm this country we came dangerous
ly close 10 being persuaded a year or
so ago that new class of industrial Sc
Curities. that came into being. was SO
cast about with restrictions and safe
guards as to eliminate a large part of
the intrinsic weakness of such securi-
ties. We have learned better in a very
short period; but the stocks are still
outstanding IN the hands of the public.
No doubt many of them will survive and
will continue for years to come to pro-
vide a satisfactory return to their hold
ers: but even the most obtuse investor
is coming to realize anew that his sue
cess, il he has any in his field, is the re-
sui of luck as -1uch as anything else.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-05-10
WASHINGTON PRODUCE.

Quotation, quoted below are for large lots. job
berN' rgiCcS are higher.
Under light receipts Of lambs today the market
proved yer, strong Neal calves continue steady at
figure, quoted.
Market for Florida vegetables active Potato mar
ket weak Apples meeting active demand at rather
stronger prices. Sweet potatoes and yams ID De
msnd ut quotations.
North Carolina Iettuc. 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-Nearby fresh. PER doZ-. II; southern H.
CHEESE-New York. new. per pound. l6ia; fat.
per pound, 1914; Swiss. domestic. per pound. .;
do. foreign, per pound, 90
LARD-Tub pure. per pound. l2'z; do. common
Ic- y.Hlnd slaasi.. Cottonsced oil, rer can. 20.
Butt ER-Best print, new. per pound. y; tub, per
pound. 81; process. per pound, =: undergrades'
per pound. . packed. rer pound. -oa25
LIVE POULTRY-Hens, H.. fal7i=; roosreIs: b.
10; spring chickens H.. a72: turkeys. H., lsaii
geese ID IOal2; ducks. H.. leal7; keats, young. h.
lsa2l; do. old. H. loa,.
GREEN GOODS-Potatoes Dbl, Local 30; do, per
bush 50s75: yams bbl.. 2-oOa2 30; sweet potatoes,
Dbl l5caI00; new potatoes. Florida, Dbl. i.5oa
oos2 So eggplants, Florida, crate, L50aSOo toma-
toes crate 2Sai.00; mushrooms. h. SAID; coo
525 beans Florida, has, 225a3S5; peppers, crate,
Zooa2 80: egaplants Florida crate l.Joasoo; toma-
toes, crate 25sa4Oo; mushrooms. h.. 25a4o; cab
hages new crate l2SaL75; carrots. bunch. IA
radishes home gruwn, per 100, 0alm; lettuce, North
Carolina bas. 75al25; Florida squash. crate, l5oa
rs: celery crate. 2G5siW; Florida beets, has.
5ea2 90; peas has l50a300: kale. Dbl. 75sl.o0;
Florida cucumbcrs, has. lNaI0o; asparagus South
Carolina per dozen punches, l25a2.5o; cauiifower,
bas 1Ooa20O, spinach. Dbl, l.Sa2W; rhubarb per
100 lunches 50a2o0; spring onions. per 100 punches
75a1. 3: Texas onions. crate, Looal.3.
DRIED GOODS-Nayy beans 24oa20
FRUITS-New apples. per Dbl, l.Sai.5o: lemons.
box 5Oa5 90: oranges. California, box 25a325; do.
Florida per box 3I5a500; grapefruit box 20ai. %;
pineapples Florida pines. crate. 3Aa4@; straw
berries per box, lcal5.
LIVE STOCK-Neal calves. choice. ID. ea9i1; me-
dunn. h.. 9; common. h. slaae spring lamns.
best h. eisal0; fall lambs. h. 1a1l. old fat sheep,
Id. las
WOOL-New-clip wool. h.. IL
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-05-10
WEEKLY REVIEW OF TRADE
Passage of Tariff Bill Brings End of Uncertainty
in Trade Circles Imn1ea surably Nearer End
Favorable Crop Conditions Result in
Marked Increase in Confidence

New York, May 9-Bradstreets tomor-
row will say:
Trade movements evidence the exist
ence of some barriers to active progress,
but the weeks reports nevertheless indi-
cate that current needs are of heavy
volume, and that they are more than
sufficient to make for a satisfactory, il
not indeed active, distribution on current
account. Consequently jobbers' stocks,
which, by the way. are by mo means
large, are being subjected to further in
roads, and though there is considerable
evidence of frequent shopping for small
parcels, this tendency is really Indicative
of wish to cut cloth only when and
as it is needed. Buying for future ac-
count, except in few sections, feels the
Increase of prospective tariff regulations,
and it is over this aspect of affairs that
most caution is manifested.
while the retail trade is good, it would
move more freely If weather conditions
were more settled. Labor does not lack
employment. Building is very active,
with mill work showing no abatement
However strikes FOR higher wages are
quite numerous. The foundry iron mar
ket does not look promising, consequently
there may be some curtailment in that
quarter Though the steel trade notes
the absence of heavy forward buying
sentiment is optimistic, buyers are TAX
ing goods in accordance with contract,
and there is no talk Of cancellations.
Business failures for the week ended
May were 2I3, which compares with 262
last week and go year ago."
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-05-10

New York, May s-R G. Dun's to-
morrow will say:
In spit of some curtailment of orders
for merchandise affected by pending
tariff changes, the unusually favorable
crop conditions have resulted in a
marked increase of confidence through
out the West and South. The passage
of the tariff bill by the House brings
measurably nearer. Meanwhile, it is a
most encouraging fact that reports from
fifty-eight cities show gain in build
ing activity for April of l per cent, as
compared with the same month in Iyl2,
a heavy decrease at New York City
being more than offset by gains else
where, particularly at Chicago and at
most points in the West and in Pa
cific Slope.
Production OF iron and steel continues
to be close to capacity, but new de-
mands are now less insistent. and de-
liveries are being made more promptly.
In textile lines, warmer and more set
tied weather has greatly increased the
volume of retail trade, although mer-
chants are still conservative in placing
filling-in orders. There is a moderate
gain in the shoe trade, and as stocks
are generally low, it is easier for sales
men to obtain orders. There is a some
what better outlook for leather, but
hides continue easy. All speculative
markets are dull. and this fact ac-
counts largely for the decrease in bank
exchanges from last year, which, how
ever. is comparatively small, amounting
to only %, per cent this week.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-05-10
WHAT HAPPENED
ToefHE DUTCH

(CoIyrisht 1913. by c. NJ Keys. New York;
For some years past the investors of
Amsterdam, Rotterdam. and other Dutch
cities have been running after strange
gods. \ long time ago the Dutch In
weston was conservative sort of an
investor and only occasionally wandered
into speculative propositions. which usu-
ally had to ne so we'll disguised that he
did not know what he was buying. Then.
about ten years age. some of our specu-
lative financiers. engaged in floating
their enterprises and watering their
stocks as literally as the law allowed.
discovered that if handled with dscre-
ton the Dutch investor could be induced
to part with his old-fashioned gilt-edge
bonds and high-grade stocks and take on
a miscellaneous line of middle-class and
low-grade railroad and Industrial bonds
and stocks in place of them.
During the past two years Holland has
been one of the happy hunting grounds
for the agents of American promoters
handling large industrial stock issues.
Perhaps a dozen in all of the industrial
companies, whose preferred stocks were
sold to American investors distributed
large amounts of their common stocks
in the cities. of Holland. In order to
accomplish this they had to show the
bankers of Holland considerable COM
mission. but this was an easy matter in
view of the prices at which these stocks
came to the Wall Street bankers.
The result has been the usual result.
While the high-grade standard American
railroad STOCKS have declined an average
of perhaps 10 per cent, and the high
grade American bonds have declined an
average of perhaps per cent in. princi-
pal. the class of railroad stocks that the
Hollanders have been dealing in mostly
for the past two or three years have
declined an average of about so per cent,
and the class of industrials that they
have regarded as the pick of the Ameri-
Can market shows an average decline of
nearly 40 per cent. In addition to that,
it may be remarked that many of their
pet stocks in this market pay no divi-
used to deal in so largely paid substan-
tial returns on the investment.
The Dutch investor has the right TO
feel very much aggrcved. He has paid
some pretty high prices for some pretty
poor securities. He has learned over
again lesson that one might have
thought he would have learned in 1904,
namely, that securities paying per cent
and s per cent at their price are not as
good, or as likely to maintain their
prices, as securities that pay per cent.
When the Dutch bankers decided that
they could afford to recommend the ~
per cent and more" class of securities to
their Dutch dependents as being as safe
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-05-10
BURKE VISITS sUBTREAsURY.
Other officials Start Series Of In
xpcctiOns, New York Being First.

New York. May 9.-John Burke. United
States Treasurer; Deputy Treasurer
Fort, and John Shelton Williams, As
sistant Secretary of the Treasury, to-
day visited the Sub-treasury here.
Williams said that there was no spe-
cial significance to the visit of the trio
here, and that il was merely the first
of series that would be paid TO all
Sub-treasuries.
The apportionment of the s1O,GoO,Up
government funds to national banks
would be decided upon next week, Will
Jams said. He would make no other
statement concerning this matter today.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-05-10
NOTWITHSTANDING e. COMMERCE

new phase overnight. Business is practically MI.
On account of the light inquiry the ma,ke. asde
response to the announcement Of further gold
exports to Paris =
Rates are 3s.a4 per cent for sixty days, a per
cent for ninety days ia4z per cent Tor four mopths
ika.ls per cent for five and six months, and 5aSh
per cent for nine months. -
Commercial paper remains quiet, with the best
names moving at 54a5ls per cent.
London discounts GIG per cent unchanged: Paris
discounts az per cent, unchanged; Berlin discounts.
81 per cent, up Is. =
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-05-10
NEW YORK PRODUCE.

New York May 9.-MlLLFEED-Sttadl inquiry
moderate. Spring bran. 2l.l0; standard middling.
2GO; Western red dog. 1OJ: winter wheat. in 100
To- sacks to arrive. $40; city bran, in bulk. 0G.
RYE-Flat; light business Western, to arrive, Is
valued at about g. i. f.. track. State is nominal
RYE FLOUR-Steady: trade is inactive; good TO
choice quoted al 3Ds4.05 in barrels.
COl,NMEAI,-Steady; dealings are moderate.
Kiln-tlried for export 3.25a3.3o; coarse meal, in
bags l.25al.3
HAY-Receiuts. si7 tons: choice strong; low grades
steady. No timothy llOal.l5; standard. los; No.
. lc0alG5; No. ,. s0ss5
STRAW Receipts, 20 tons; strong; demand is fair.
Long rye quoted at l5ai.25 on track, and Id on
boats.
PORK-Steady: dealings moderate. Mess, A5Oa
2, 90: family, .3.O0a245o.
BEEF-Stuady: supplies are light and trade quiet.
Packet. 2 ooa23.oJ; family. 23ooa24.oo.
LARD-Steady: business moderate. Prime West
en- H. .; refined continent ll6G; South American.
u 55 refined Brazilian in kegs, 1875; beef stearne,
lOalOl&: lard stearine inactive; New York, T.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-05-10
CONvICT'S HEROISM REWARDED.
Indian Murderer's Sentence Re-
duced for Bravery.

Leavensworth. Kans.. May 9.-As a
reward for heroism during the recent
fire in the State prison at Lansing,
Kans., the sixty-year sentence of Den
mis- Jackson. Pottawattamie Indian, will
be reduced to fifteen. He has already
served twelve. He murdered his wife
and her mother.
The prison board is considering other
reductions of sentences as a result OF
heroism at the fire.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-05-10
VAIL STREET GOSSIP

Majority Leader Underwood said yes
'terday that he expected the House to
pass currency bill during the extra
session. The President is in favor of
speedy action in currency reform and
Will submit special message to the
House about June /.
Moler-Aside from the possibility of
further bear pressure being directed
against Chesapeake and Ohio, Union
Pacific, and Southern Pacific with cor
responding strength and support from
other speculative buying in Reading and
Coppers. the market is not expected to
show much change. The street is IN a.
waiting position chiefly for definite de-
yelopment OF a satisfactory character
in settling the Union Pacific matter, and
for decision from the Supreme Courl
In the Minnesota rate case.
Evansville market was Disappointing
In. that II failed to advance on the good
news furnished by the crop report and
sy the copper statement. There is moth
ing to make one expect any immediate
change in the general level of prices.
and stocks should be bought or sold fol
short turns only.
Leland Chicago-Wheat. very little
pressure: looks as if government report
has been discounted.
Minneapolis. Minn.-Modern Miller SAYS
the wheat crop is Dlaking seasonable
progress under almost ideal conditions
and the outlook is so uniformly good
that nothing short of calamity to the
crop can prevent a large yield.
A large copper selling agencies yester-
day sold between 25,n00 600 and 80, OO0 900
pounds of the metal at a price close to
1875 cents. The bulk of this, II is be-
lieved is for export.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-05-10


Hy Mayer. the cartoonist of the New
YORK Times, is probably the best known
of American funny men. His ant lam
pooning of passing fads and fancies and
the wealth of ludicrous expression tba,
he manages to- install by a few strokes
OF the pencil have given him a vogue as
wide as the continent
His host of admiring followers will no
delighted to know that through a recent
contract Mr.. Mayer has arranged 70 nre-
sent weekly series of his cartoons on
the screen.
!. Some Releases Today.
The House of Darkness" Biosraph:
an Aeeloentai Ahbi. Edison; "Alkali
1ke's Mother-in-law," Essanav. ..The
River Pirates" Kalem: The Sea
Maiden. Vitagraph; "A Girl Spy in
Mexico" two-reel Lubin feature: ..Youtb
and Jealousy" American; THE Northern
Spy. two-reel Bison; Leo Makes Good
and THE Oyster Industry Imp: kline.
color subjects
Teacher-And who invented Aim picture
machines
Boy (who has his history lesson ,,x.d,
I guess it must have been Pra.idert
Fillmore.
Coming Universal Releases.
Monday. May 70
"A Woman Loved Omp).
The Squashville Ladies' Fire Brigade,
CNestor)
Hawaiian Love-" drama (Champion)
Tuesday, May 13-
"Billy's Adventure" comedy fGem,
THE Toll of War" three reels ro,
Bison). N-"A
Wednesday. May IL
The Clean Up" drama Ne.tor).
The Violet Bride" drama (Powers).
The Key. two reels (Eclair).
Thursday. May Is
The Cap of Destiny (Rex).
The Heart That Sees" drama 1mp).
In the Great Southwest" (Frontier).
Friday, May 10
An Eye for an, Eye" drama (Nestor).
The Tarantula," drama Powers).
"A Fair Exchange" two reels (Victor).
Saturday. May IL
Beetles Qmp).
I'm Secret Service two reel war drama
Bison).
.'Betty's Bandit" comedy Frontier).
Sunday. May IS
"Homlock Shermes and Our Willie"
Crystal.
He Loyes to Watch the Flight of Time
and Cuttlefish" Eclair)-(Newlyweds)
(scientifc).
In the ''ToI of War; three-reel '1o1
Bison film, to be released next Tues
day, the assassination of President Linz
coin is featured. and the interior of
Fords Theater on Tenth Street North
west p shown. 4
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-05-10
Socialists May Display Red Flag.

East Liverpool. Ohio. May S.-Attorney
General Hogan today gave City Solicitor
Bennett a written opinion to the effect
that the Socialists here are entirely
within their bounds in displaying a red
fag over their headquarters. and that
persons who interfere with it are liable
to arrest.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-05-10

Winnipeg. Man.. May olive hundred
Iaborers on strike at the Canada Car
Company's plant at Fort William today
fought battle with $50 strike-breakers.
Several of the strike-breakers were in
jured. Work was suspended for the day
and police are guarding the place
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-05-10
Largest Morning Circulation.
Motion Picture News
A Daily Feature in the Herald.

for
n in motto picturea
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-05-10
OUTSIDE SECURITY NOTES.

New York. May e-In the market for outside
securities today business continued an extreme
~ small scale with what trading took place con-
fined to the low priced mining shares.
The Tonopah issues again the feature with
a fimer tendency. Standard Oil of New Jersey
was frmer. The copper stocks were shade higher.
Silver issues we're Gull and unchanged.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-05-10
WEEKLY BANK CLEARINGS.

New York. May Bank clearings in the United
States for the week ended MAY aggregate S. Az
Gc 600, against s. ss $50 coo last week and S. 46s
53O0c in this week las year. Following are the re-
for this week with percentages of change from
this week last year:
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-05-10
NEW YORK MONEY.

New York May 9--Cal money opened at ~ per
cent: high per cent; low, 2l- per cent renewals.
~ Ter cent; close, 2is per cent, and ruling rates.
~ l,,f cent
The situation in time money has developed no
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-05-10
shown ON Screen.

gette conventions here. why not the 5000
motion picture exhibitors of America?
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-05-10

Whose doing anything to bring the
1871 National Exhibitors Convention TO
Washington? We have had carpenters,
printers, dentists. doctors, and su1ra-
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-05-10
COTTON STATISTICS.

Furnished BY n. L. Carpenter Co
New York, May 8.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-05-10
WASHINGTON STOCK EXCHANGE.

Saies-Reeular call. IL O'Clock noon.
washington Gas IS. $500 at los 81 900 at ioeh.
Warrington Railway & Metric CON-, 10 at 81,
10 at 80, Is at g.
washington Gas. at saz 5 at sfH>
Mergenthaler, 10 at 2Is4 10 ae2l6%. ] at III.
Federal National Bank 2 at 49,
After call: Federal National Bank, 10 at lS.
10 at 49,
Potomac cons. IS, 100 at 1914.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-05-10
MISCELLANEOUS BONDS.

w York. May 9-Closing quotations of miscel-
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1913-05-10
COBALT STOCKS.

sales. 81. 4ol. 900. against sl.756Ooo yesterday
week ago. and s3.l5i,cY year ago
The Cairo bulletin., 1913-11-27
CG.illiov Club Dance.

Hith the X. NJ. *. c. hall bean
tifully decorated for the occasion
in the colors of the club and with
full orchestra furnishing the
music. the Cotillion club last night
gave n formal Thanksgiving bah,
The evening was Immensely en-
joyed by all who attended. Several
out. of town guests were among the
dancers, who were Mr.. and Mrs. f.
T. Aisthorpe. Mr., and Mrs. W. G.
cunningham, Mr. and Mrs. Charles
Gilhcfer, Mr.. and Mrs, l.. Z. Deni-
son. Mr.. and Mrs. o. r. Hastings.
Mr.. and Mrs. l.. J. Kleb, Mr.. and
Mrs. W A. Krebs, Mr.. and Mrs. Lee
May, Mr. and Mrs W. T Wall. Mr..
and Mrs. J. B. Wenge-. Mr. and
Mrs Claude Winter, Mr.. and Mrs
Ray Irwin OF Centralia. Mrs. Street
of Paducah, Misses Edwina sum
mers, Augu tine Fitzgerald, Cozette
shelton of JWickllffe, Elsie sIbach.
Ruth Pettis. Helen Lewis, Pearl
Youngs, Kate Redman, Helen Jones,
Maude Hastings, Laura endenen,
Joe Winter Florence Kaiser of
Muscatine, Iowa, Helen Batty. Co
rine Walker Margaret Bozman of
Austin, Texas, Pauline Feutz, Alice
Strong and Edith Hill; Gilbert
Casey, Paul Clendenen. Ward Cot.
ter, Ellis L. Cox Robert Goldsmith
Joseph Glynn, Thomas Glass, Ralph
Gray. A. o. HicGcox. Z. r. Holdson
II, n. Henckell, Hugh Johnston
Miles Leslie, Charles Lusk, Russell
Reed. Daniel sull.rnn, Harry Smith
Clifford Vincent, Daniel Wood and
Tisey Woodward.
The Cairo bulletin., 1913-11-27
Threat 10 Fire Tanks

Mexico City, Nov 26.-"Remove
the eunboat Bravo or we shall fire
on the oil tanks in the city of Tam
plco and along the banks OF the
river above"
This threat, according to private
information was sent to the com
mander of the federals at Tampico
yesterday.
So long as the garrison at Tam
pieo is aided by the guns of the
F@a'p, there appears to be little
chance for the rebels to capture and
hold this city. but they might easily
deyaState the entire region by car.
"yi"T cut the threat and fire the o.
s'imPted at 100000 barrels. Should
the oil in the tanks up river be
The Cairo bulletin., 1913-11-27
NOSTRILS HEAD STOPPED UP
FROM COLD? TRY NY CATARRH BALM

grant balm dissoves by the heat of
the nostrils; penetrates and heals
the infamed, swollen membrane
which lines the nose, head and
threat; Glars the air passages; stops
nasty discharges and a feeling Of
cleansing. soothing relief comes in
Gtantly
Don't lay awake tonight strug-
Cling for bheath, with heal stuffed;
nostrils closed, hawking and blow
ing Catarrh or a cold, with its
running nose, four mucous dropping
into the threat, and raw dryness is
distressing but truly needless.
Put your faith---jgst once---in
"Ely's Cream Balm" and your cold
or catarrh will surely disappearDdv