THE WASHINGTON HERALD FRIDAY FEBRUARY 22 190710I

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Traders Quiet on Eve ofThree Days Holiday

BRISK BUYING NOT EVIDENCED

TwuisincCIons Iiullcale That I i inldn-

tion In Small Way Ls Kcin Con

tfjnioa Strcrt Believes Aldrleli Fi-

nancial Hill Will Be PtwwoiVlir Sennte anti House Before Adjournment

New York Feb 3L The course ct thestock market today was perhaps whatmight leave expected wader prevailin circumstances On the eye of a threeday holiday such as te now about to behtd speculators do not care to ewlargetheir ventures on account and on theother band generally prefer to close ot aportion at least of their commitments

dostos quotations showed irregular netadvances and declines with pre-

dominating At the opening of businessmarket was a little stronger than It

was yesterday then declined ral-

lied and left o weak under a renewal ofthe seOtaur movement led by an onslaughtupon the Reading common shares whichclosed for toe lay at a net decline ofnearly two point There wore critics whoprofessed to regard the course of thedays market as feeing more or lou unsat-isfactory In that according to certaintechnical points of view greater resiliencyin values should have bent shown thanwas dually witnessed

llnylng Should Bo BrIskAccording to their contentions as prices

have declined rather steadily throughoutthe week and as a large short interest inthe market has been created today pre-

ceding a long suspension of stock ex-

change business should have been u timefor a rather brisk buying in of vspeculative contracts for th fall It was admitted that covering purchases of thissort today were indeed not at all infre-quent but no financial powers seemed dis-

posed to make an attack upon the shortinterest and those who decided to buy instocks against sales previously made didnot seem ta have any great difficulty htdoing so It appeared to be the case hiother words that dribbling liquidation inthe market was still going

It is probable that the weakness m themarket in the closing half hour of busi-ness was to be particularly attributed tocabled reports from London of storiescurrent there that the Czar of Russia hadbeen assassinated but these tale wereentirely unconfirmed up to the close ofbusiness and were generally believed tohave been started for speculative pur-poses

Two counteracting forces regarding themarket were manifestly at Work todayOne of the wa th sarong hope thatbefore next Monday the Aldrich financialbill would pass the United States Senate-if act also the House of Representativesand the other the fear of the resultsof the investigation into the Harrimanrailroad management that will be begunin the city on Monday morning It wasapparent this morning that the AldrichtIll would meet with some opposition toits passage through the Upper House ofCongress but the belief was entertainednevertheless that this opposition wouldnH prove to be of a broad and determinedcharacter

The chief danger affecting the bill is ofcourse that even if no strong lIghtagates tt is made any general debateMited over It may so delay its pasnge

in the remaining few days of the Con-

gressional session as to cause the bill tofill cf enactment It is understood howver that it is the sentiment of the Re-

publican party leaden In both Houses ofongre3 that the bill should become a

law before March 4 and all reasonablebanj therefore seem to favor the

probability that the bill will soon beplaced upon the statute books

t

lUll Believed ItaHjimlKtleSentiment was again adversely affected

by consideration particularly ofthe pessimistic remarks made by James-J Hill In an interview published here yes-

terday afternoon although it was remem-

bered that Mr lilt is often in the habitof saying tumga that have t be

in a peculiar fashion There Isvery little doubt however that those incharge ot the railway interests of thecountry are impressed the present time

day of the antirailroad agitation in thedecade of 1839 to tt with the harm thatthe railways are suffering and must stillsuffer from rut and unjust legislationdirected against them

The weakness of the lUll stocks andspecially of the Great Northern ore cer-tificates was today considered as beingconsequent upon Mr Hills utterancesVery little attention was jaid to the Indi-cations for Saturdays statement possi-bly from the fact that there will be nofvioAon of the stock exchange on the lastiiay of the week The prognosis of thei ank return was however more or lessunfavorable as it indicated a loss by thebanks of from fl200OM to l2ON60e whilethe chances were held to be that thebunk loan account would be enlargedowing to transactions relating to the railway abortterm note issues

The Bank of Englands proportion ofreserve was reported today as having

IS per cent as against per-cent last week but the reserve compareswith a percentage of 44 per cent on thesame late last year In banking circleshere more or less unfavorable commentwas made concerning the fact that thereturn movement of currency from theinterior of the country was not as greatas had been looked for it was saWis sjsinBiiCedry due to the extreme activ-ity tfcttt still continues throughout theWeffcM section

I1OSTOX STOCKS

Qootsiiass aw tarnished by 8 X CtamaaB ACo memhtn Xew York Stock Bwhaagn Q

Chi manager UR F StMSt aartBJWSl-

tAaierican Pneumatic Take tAID Telephone aad TOearanh mAwericMi Woolen aAmericas Woafc pM M m-iMnhuan Steel JtfeMasMdMMtts electricMaaucfaasctu Bectrie pflMaaaarliaaiiu MS SBUuifatl V

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TS iack 1Trinity

YORK 3IOAEY aiARKET

York Fiper ent highest Hi lowest 2 ebvnw 3 per cart

T e money crartJaaed in good demand sad imu-tiUinable with moderate freedom Rates Sfc rrrent fur sixty and ninety days a per cost and y-

jr rent for few art ard sit monthsMirnntile paper ra offered in fairly large

amounts but the absonrtoa was not hates5V xr cent to H irfr crat sixty to i8ety dyi-a4on d bills r cei ble 5 i per cent to i perc rat choice four to au mn tl mtegl MIBM St1 T cent thom leai wen hiKra-

Hterlins stra lv with rites I hlcher Ratesarttal business dosed M d i8SUN fc-

MIU 4S45tei8 5 cable UOIk4a co w etculm urn 479S1W38The iupilj of oottoa bIlls was Moderate

MARKET SHOWS LOSS

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nW YORK STOCK MARKET

QoBUttaH fl BUt d br Chides G JeWsMOifcrTi J9rtr fc Steek KMiiang MWMear UMdta-

rSalen to Xoon 247 100

Total Sales 720000Call 3Ioueyi High 5 Low 2 Close 3

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MJW BMt IWk MRi HSH IK-Kimwi m ia MB ist-

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3W MW4 WH 13TO ISrH 19-1t s ni aw snt ar

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X Y CentN Y o wN A wNorth IKrMc-1acttc MaS-

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Korii lawttriSo IMtteSouthern RfTern CoalTexaa IadfcT St VfT S 14 WUnion PadftrU S PusU a natteru s K Mhu s S MIu s st iMt

m n n n 71 nIS BB4 BM IX-

m tn-am W4 aw

3 51 MM M3K ttl 1 IB-

9N 36 X X XH6-

MJW UK 131 MT ia OW-

lMI It S1H 51 IH4 HHINS i SH Wi Wfc

BMW 12 4 MHiaWi US-

1KU 3t 31 34 W 35m 93H 9S H MK

1JR tttt J6 U8 0 li 9Bfc K-

Mi Ml M 19 163 1HK-JW S5 SK4 3J 33 35-

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OURB MARKET

Opt Hkh Low CtoeOw-

AmericM pM-

Xrtttti Ohirahix OovaMr M IK W4CtMoMaiMi Ompear 91 91

91 STfe 31CK 9H-

M UKOK-

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MISCKMAXHOUS BoNDS

eKCbaaaa basal tnasacUow-Uatted Slates 3s coopoa-Aaxrioaa TeAacco Ct-

Aawricaa Tobacco tf-A T and S F generalA T aad a K adjnstaaeatA T and S KA T ned S FAnantic Coast Line fc-

BaRbaere aad ObJo prior Jim Vfr-RalrbsMR aad OWo RoU It-

dMaapcafca aad OMo tost Is acriat Aaad Ohio fl-

C R sad Q debnsrara-O It aad Q jeimt toC R I aad P gMMal 4

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C R I sad is-Detawai sad Hadsoa 4sIMstiHm SecarWes caBaatral as-Erfc coaaoUdated la-

Krte convertible 4s DIllteofo OeMra-lIlhaab Central 4 ME-IntrroattBBal ant Gnat Nartbftm

Erie sod Western Brat asLake Shore fc-

Mbaoari Kansas and teaaart aMissouri Partir 5 WTMobile nod Ohio new Is

Cesitral 4sNew Yosk Canted 34s i

New York CeatnU U S 9MsNorfolk aad W Mfrn eaawBlMatailNorfoH and Western p C sad a-Oreano Short Time Is-IVnoaylfanbi JHa NO MMPtnasrtamia 9as HH-

Readias 4sSt U I M and S ta B-Ht U and SaiSeaboard Airaoatbrrn 1acttc reftndtas s amflootbera Raflway 5a l KT a I sod R It Is lOrm dk MIT S Sled sbUdaK tam ft HU-WenUacbowe Maoafoctactar As aauWest atare Is KU

Total wles 14 a abjat UKJM jeatenUrsad SJ3MH a week ago a year ago Mae a baUday

COTTON MARKET

QaataUoni furab4i d by Dick nw Co

II street aortbweat Ibiaw naf-cwtmn

New York Felt M Booourantd by favorablecables aad apot sales of T3LJOM Isles at rmpooithe mUm market showed a decided iannmsw s intoss and uriees RIMed up 91 to 3t ixnoU oa tbemore active options above tbe low level of yesterdayReotMs whIte neenl mused little or noThese was soase profittaking oa a scale up butaaTfriags were well abtorbed MIMI Kill appear to beatcra toalirtraL The Xtw York and New Orleanslaarbit win be adaM natfl oaday and Liverpoolaaos w sea Poet rwetpta estbaatud 43Mtest year 3MB exports aoatbern spots

New YorkOjxw llfc Low

March M tJt tnMar Ml Lit fJt

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WAShINGTON CATTLE MARKETMarhet stiaac how m Mod aeMaad and mw

receipts of eahw beary sat trice steady fetaibsand sheep firm and wanted

per cwt UGaUt batcher LISa5 common lUtUft wwgh l aatsi-nOnSGwss 75S TII ordMary ISIaraj-

LUVilltSCbofee per tt ia7 mdtaa a-7OOVBS1rto per ft 8 nadinm tfts fratt

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Rumors from Bears Had Czar

Twice Assassinated

HILL PREDICTS SLOWDOWN

Knilrnml UlnRrnntci AH Sec Prolm-

Jiility of Dlmiiintloii of IrosperUycut All Ijlnc but Their Own Atclibon Highly Lauded Ia

Ntie l by Brokers Dcnllujc In Stock

New York Feb 21 Tne Car was as-

masinated twice today in Wall streetrumors The first time was at about 1030

oclock and the a cond was themiddle of the Jut hour oC uiwineM Thereason for both waa the same tlie attemptto find an explanation of tho weaknessin Russian bonds that could be made themeans of depressing securities generallyThe real reason for the decline in Russiangovernment obligations was probably tobe found in the threat of a resort toreactionary measures on the part of thebureaucracy but as this could have nobearing on price of Americans a moreuseful one had to be found or made andUM reported assassinations were the resuit

Curiously enough the afternoon rumorreceived more attention than the earNerone although the very fact that hourshad intervened without confirma-tion should have served H a sufllcientrefutation The change in speculativesentiment increased the receptivity of thestreet for wnfavorableness and In thelast hour anything of that kind wouldhave been accepted without much ques-tion

A broker who took the trouble to ascer-

tain the trend of sentiment among thefloor traders said after the close that hofound the most considerable of theseoperators bearish as a althoughshort of but ttttte stock

At about the end of the first hour thetraders seemed to realize that James JHill had on his return to New York saMsomething about tbe probability of astowing down of the tremendous activitythat has prevailed in general businessduring the past year and with strangeperversUy proceeded to attack Mr Hillsown stocks from the prices of whichthey cut off a couple f points Perhapsthey failed to observe that in predictinga contraction in business the presidentthe Great Northern had made a reserva-tion In favor of the roads whose

he directsHe bad in effect said Others may

suffer but we will continue to grow andas we shall be able to get labor and sup-plies cheaper than at present why youcan see what It will mean for us Therewas nothing very bearish on Northern

for Instance in alt this and thesewho regarded it as a signal for furtherattack on the stocks and a renewed outbreak of tui4atkm soon found thatthey were reckoning without their host

One of the peculiar thing about thetalk of contraction in business is thatrailroad men see evidence of It every-where except along their own lines

oMctel sees this that or Ute otherline or tralttc that is sure to keep up sothat his particular road wilt not sufferand in this respect interviews oa thesubject bear a striking resemblance tothose that were given out four yearsago before the spasm occurred in somelines of business that was caused by adecline ht the price of securities Yet atthat time railroad earnings did not ranoft but kept on Increasing so that inevery ease tbe reservation It will noteffect our road came true and all thatwas wrong was the anticipation of a falllug off ia the earnings of tile roads of thecountry at large The same may be theease again

After the trader had done some think-ing they name to the conclusion that ifbusiness was to contract the steel tradewould be the first to feel it and so theysold some United States Steel Findinghowever that the demand for tha stockwas very good they bega to think againand arrived at a conclusion a follows

The steel trade will never again encounter any such reactions as it has exIn the past The United StatesSteel Corporation has strengthened

position to such an extent in the peatfour years building up an enormous surplus new plants and new business with-out adding anything to Its capitalizationthat there is little possibility of the per-manency of the common stock dividendsover being seriously called in questionIn other words the corporation has givenup to its capitalization But Great

is a new creation capitalizedon the condition of years ago but on thebuts of those at the time of greatest optimism lust year and here thereforeis the stock that should be the ftrst tofeel the effect of a decline In prosperityespecially as in the event that the steelcorporation needed to keep down its ex-penses to the lowest possible figure itwould use as much as possible of its owncheap ores and draw as little as possibleunder the terms of its contract from therelatively dearer supply that came to Itthrough the deal consummated last year

Here was something fairly logical andwhen the attack was made on the orecertificates they yielded a much greaterextent relatively than had the other Hillissues of steel

The heavy selling of Reading whichbroke the price to near the low loveltouched early in the current month wasaccompanied by a revival of tho rumorsabout new financing but there wassuspicion that the bear interest that atthe end of Jut week predicted a severebreak in the general market and that wassupposed to be operating on the shortside of this issue bad begun to forcematters apprehensive that before Monday the Aldrich bill might pass the Sen-ate leaving only the rather attenuatedargument about the Harriman investiga-tion as a bearish facto to be opposed toa possible improvement in foreign senti-ment during the days when the local ex-change was closed

With the decline in Reading the otheranthracite coolers and Baltimore andOhio sympathised the latter more per-haps on account of the poor showing ofearnings for the month of January whentnUDc was impeded by snow and

Union Pacific maintained such strengththe traders became rather suspicious

IL They expressed the opinion that itswas held up so as to convey the im

pression that there was no ground forregarding the Investigation

which will be resumed in this city on Monbut few of them ventured to sell it

view of the fact that taking intothe dividend which will come off on

S the yield on the present pricesabout C per cent a year Besides they

no real proof that the buyhig vas notgood as it seemed to be Rumors said

that By H Harriman was sun confident

of a disturbing character butthis confidence was not shared byof the other interests in the

one large holder of Union Pacific has60060 shares of the stock in the past

the position of this security be

WALL STREET NOTES

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comes all the more interesting for thostock must have been taken by somestrong Interest as It doom not show In thefloating supply

A contribution to tlw literature onAtchison is supplied by a stock exchangehouse which in a special letter on thestock says With Its unique locationtapping the traffic of the Giwat Lakes ofthe Pacify the Gulf and the republic ofMexico this road has made phenomenalprogress in the matter of earnings sincetho raorsaarzatkmiR Ms

In the fiscal year ended June 39 MWJ

the gross earnings of the entire systemincluding lines controlled through owner-ship of securities amounted to B 4S5-Bagulnst 5 K12 In the lineal year endedJune 1W7 The net earnings ofin the same period Increased from 5T7H-

H1 to 16777882 this item being larger in1906 han the gross earnings of 1 7 Thepresent year wilt show still more flatter-ing results Atchison has often been

of excessive use of capital but theaccusation will not stand in face of thefacts From Ms7 to 1106 the outstandingcapital obligations were Increased from5W 2 to MMaft or only 3634 percent while gross and net earnings In thesame period Were Increased per centand 2M per cent respectively Surely nointelligent critic can Ibid fault with a Kper cent increase of capItalizatIon thatIncreases net results threefold

The dreamt quoted above sums up Itsconclusion as to the present position ofAtchison aa follows U That the road Is

in the unique position of having its ownrails from Chicago and the Lakes to thePacific the Gulf and the ofMexico along the lines which offer thegreatest possibilities for the developmentof traflte In thte country 2 That thproperty is in excellent condition and thatall expenditures of new capital havebrought In far more than a corresponding-turn in the way of earning 3j That theresults for the present year promise toshow more than 14 per cent earned oncommon stock and that the convertiblebonds while an absolutely invest-ment have an important speculative valueIn being a call on a stock that must soongo on a i per cent and ultimately on ahigher dividend basis 4 That the stockand convertible bonds are always welllooked after hi the market by the friendsof the property That the road is onthe most friendly terms relationshipto the Harriman lines with which Itjointly controls certain lines to the northof San Francisco That the openingwithin the present month of the Abo Passcutoff new road of about XM mileswill shorten the main line eliminate someof the worst grades on tIM system andcontribute greatly to the economy andefficiency of operation

The many capitalists now at PalmBeach and other winter resorts are notout of reach of the telegraph wires norare they much behind in getting NewYork Stock Exchange quotations

Baltimore and Ohio net earnings forJanuary decreased J41747S

Traffic manager and other officials ofthe soft coalers gathered in session hereyesterday and the proposition toadvance the bituminous coal rate fromS cents per ton mile to 3 cents on ac-

count of the Mch cost of labor materialand general road operation All theroads of the Eastern Ohio and Westerncoal traflic associations were representeds well M the Ohio Coal TraOc Associa-

tion

LOCAL PRODUCE MARKET

Prices oaatad are wbolisali-RTTTBR ui Uj abort price ttgber Gnaatry

tansy MKaS Western lieU SsM nraaili SK-pmeas faacr SsS fair to soot saferchoice MaS good 2U8 storepacked fnaa islE

CHKESKMarkct nndisasal York Statefactor Uraw I4al5 do snail ISaK sanuasrlaw m aU Wcstcra factorr flailAa fair to gtad Ball Ytoffana M-

LUtiftXeoeiiMB aMderate sad net easy Nearby huh Virejal S West Vtr inia aad SoaUtweat-Vfagmia Tetsaesaee North Carolina 9L-

LIVK PuULTItYRecxiiits Ifeht sad assist ftm-ta choir stock CUcaeaa law per tf atedtaa U saull to 17 stag Hall ham Iraroosters 7 docks lars Mai lIdS gene

turkeys toaas B to 14 15 barker thInbests afcUT-

DRKSSJCD rOCLTRYKeeeipts oT tansy bea-

tetters ant choice yoaa ehfcfcea light sad marketidler Tarkeys undrawn per lb IT scarSSP aadrawa M thin M old teas Mens spring terse S anaD M capons 7lb arsr-se 17aM saull U beas choice hell roosters

la dodo larae lieS sasS UaM SS M SatDRK8SED MEATHKeceipo of port moderate

sad all ake stock promptly placed at fill oaotadoss Cah a fall drewad l8laMlt bead off IN-sU hoc draawd raises 9a baa oonntrr-saaar rured Ktt bow sassll and asat per owlt aNdivss 8M TOOaTJ-

lUAMBK c ptt ssasH and prices QaaHper dose 2Jasls saauiuls each safi opaasamseach Sail

YEGBTABLBSfotato assist better MIll de-mand and yaaw doll bOBM growsLHaUS iwUtoes per bushel sH sadMaryUad per bbL LStaLTS asset potatoat per

lSa la yaaw 7M1W rsbtwee hens growsper 4StsMI eelerj New York per beach 3ki-M racnsshers Florida per bartet 2JtalS onionsSecants per crate LSaLW Maryland sad VirPda per bbL lTSaZW Ohio per bbl LTSatfO-

ciKKEX FKUITHAppJe mann Mroag aid sloetable varieties amt with ready sate coasmoa stockrejected York Isiprriat t l JW lies Dark SMK-S Wins Sap IftiaXM faacy table fish IWaVW-Qny par bbL ZJIaUl Ortearac 8 a35 loses

DRIED FKUITSAnptei sttecd faacy S

sliced briffat 4al eheniss Ball frhortleberriq-MaH raspberries 2a O

HAY AND rVTHAWTfanoUiy choice 91M-No 1 No 2 MJaaJM said IXWa-17JI dom nMsK rye handle ILWa-UM rye nucHinp thrash IMA wbeat 7 0a7

obeSe T4a7S fair to mood 72ordinary SasSL CoraShelled white yettew-Ma ear 29fia3SX UatsWestera white No X-

Os4t auxedWOOL AND HIDBBPreea bides Arm sad

wasted Receipts W fur iixht sad deBMnd aoodfor all jmdes Wool washed free of bars per

3as3T wool nawaabed free of burl per lb 3Ja-

V wool lorry per lb StSt gross per Ib11 dry per lb liatf sbeepskiBS moan each Na-1M dry each XeJS caUskina green sub Lisa

skunk each MaLW mtiA each TfaLW rabbiteach lal opoasmi each lieu racoooa

each SaM fox red each LMai59 gray eaeh

NEW YORK PRODUCE

New York Feb 2LSUGAHIx ndm iwgar beetswere steady bat QUIet at andMBged rate of-

fcllttd fur Febraary and Maid Worlds rfcililesupply of saaar is cabled at 3 3MM toes The mar-ket for raw sugar is steady with basftwas pend-ing sad dutypaid prices quoted as follows Centrifu-gal 9t t 3a37M Miwcorado 8 t t 2at IMSant 2allH fur SWest molasses Hisar ItecettKafor the week at AmericaH ports wore A8M lassAgainst IJJ week Wore sad STW a year ago

HUTTEKKeceipU packeccs mailed ftrmat 33 cents tor extra creamer

BUaSICerripts S7M mars Western 57said firm at the half cent sdwnoe

NAVAL SnroitKSStock flask tt T7 bandsspirits turpentine tar 18B For strirUs tarpnttine a aad Mead Market was semi at7 t for maebWmade barrels Mask rated n tetand steady tc fcrmer yucca of 4M for eanimoti toaood strained sad tar was im and higher at 5ta175 for oil barrels

MILL fKEDEasier trade fair Spriftc bran fa-IMpownd sacks Z185 middno 9M cIty brA22M Western red dna M-

PLOUltSt ady Sfxiag patents iSte atdears XSaaXM winter stiafajbts X Oa3W winterdears NHX2S Kansas ra sacks pateats X7ia4W-straigbta 13njJ7 dear X9alJB-

KYB FLOUKMnn but trade Moderate at 3S-a42i

CORN MKVLSte dy fair feMMiar Kibv rkdlea Sport IWsiTS coarse Neat ia toes LltoLK1-

1UCKW1IBAT PLOUltLlsht demand atHAYCbotee m fair reatteM Ite etptB Ot tots

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Clean Advertising Theingrton Herald does not exploitfakirs Merchants who patronizethis newspaper will find themselves-in good company Its advertisingcolumns arc kept clean

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LOCAL FINANCIAL GOSSIP

The Washington Stock Exchange de-

cided yesterday at tlie close of the regu-

lar call to adjourn until Monday follow-ing the example set by the exchangee Inother clUes As a result there will bethree days cessation of stock operationsWashington as well as other financialcenters of the country

Trading on the exchange appeared tobe affected by the approaching holidayand outside of Mergeatltaler and Ameri-can Graphophoae common there were nottwo trades In any one stock Mergenthalersold up to 2 6 the highest price of thestock in Washington In recent months-

S II Agnew of Henry Clews Cowill take a short trip to New York overthe holiday Herbert L Jones of fJtatrlesG Gates Co started yesterday afternoon for Chicago on a brief visit tofriends

Oplnlonx on the V v York Market-S H Agnew of Henry Clews Co

The market was heavy and dull tradersbeing apparently loath to make any newcommitments over the holiday Traders-on the general situation are stilt bearlahly inclined There to sufficient demandfor stocks in the loan crowd to indicate afairly large short Interest and most ofthese stocks were sold at a higher levelSome traders showed a disposition totake profits to even up over the holidayand this covering of shorts helped

to support the market The feelinghas become almost universal that thisyear will show a reaction m trade andthat the shrinkage In stock values is sim-ply a forerunner of what is to happen inother lines of business By far the weak-est stock on the list is Reading There isno apparent reason for the attack onReading other than pevuhucnt selling bysome traders and no concentrated buy-Ing The weakness In Great Northern andNorthern Pacific is attributed to the ac-knowledgment made by Mr Hill that therailroads are already taking a reef in theirsails in expectation of a serious slacken-ing of business The immediate future ofthe market depends to a great extentupon the fate of the Aldrich currency billin the Senate

Benjamin Woodruff of Post A FlaggThere is little to say of such a market

with a threeday holiday before us astrading during most of the Million ceasedalmost entirely The bill does notseem to make much progress in the Sen-ate which causes some uneasiness alsopeople are much afraid of the Harrimaninvestigation on Monday These are thetwo alltalkedof incidents in Wan streetand the immediate future of the marketdepends almost entirely upon how theyturn out A rather determined bear driveagainst Reading somewhat enlivened thelast few minutes and the price of thestock was knocked dewn below Ma butshowed a slight rally it the end

J B Weed of Dick Bros A CoThemarket showed a continuation of the selllag movement of yesterday At timestrading became very dull and rallies werefeeble Reading was by far the most con-spicuous stock and declined over twopolaR from the opening closing at aboutthe lowest Stock seemed to be for saleon every snow of strength in spite of de-nlata of the rumor that the company wasabout to issue from S OaMOO tonew securities Union PaciAc was a

exception to general weakness inactive Issues and closed with a slightnet gain for the day The close was weakand fairly active

G Bowie Chipmaa of B It Chapman A-

Co About the only developments in themarket worth noting took place duringthe best half hour Previous to that timethe list was dull and fluctuations werecarried oq within a narrow range aboveand below last nights finals In the lasthalf hour the market became what mightbe called spotty the Anal prices showinggreat irregularity St Paul AtchisonUnion Pacific Southern Pacific New YorkCentral and Pennsylvania closed steadywith fractional changes the Hill stocksabout a point off while Canadian Pacificgained slightly more than that figure Thecoalers were generally tower Reading be-ing under especial pressure and apparently subject to aggressive short sellingAmong the industrials Copper and Steelswere steady the Smelters however soldoff about a point and a half Dealingswere much restricted nod the day presen ted the usual anteholiday aspect

WASHINGTON STOCK MARKET

SafcsKewtar call n ecaM WM-MWaattncMB GM cntMeatn 169 at IllWaakhnctm Railway sad Kfcctrie at MV-ajhtor3on Gas at KM-

Mcntenttahr M at M M JK C at 9f-Mctrapolttaa Nattoaa ita 1 at 9ta-

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RAILROAD BONDSCavfeai Tractfcm la-

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Me1 om a cert hideS Ct Mwad Hwjr and Met I at-Wa Afcx A Mt V tMB to-

J1ISCKLLAXBOOB DONDS-U S Ekctrie Liaat deb imav Ml-U S Kkctric Lidht est InS a W-IatonM Klertric Usfat ant Sa m-X W Stnuabmt Sa MT

Chesapeake and Pctcauc THeyhaM M 4-

VMbiugtoR Market Ut IB m-FU1ILIC UTILITY STOCKS

Capital Tnwtioa Ml K3Wash Railway and IBeetrfe roes 31 M-

Waaa and Kkctric pM 9Hi SSHNorfolk and V i fit m Steamboat 9-WaAiastoa GM r-GeorgetmntChesapeake sad IotoaMt Trtirilia t-

TYPB MAGUINB STOOKSMergnitlMler MtiotnM mLenten Motwtjpe JJ 05

MINING SPOOKSGracne Copper 31 H iMitchell Mteteg Owfaay S i

NATIONAL DANK STOCKSAmerhan MSCapitaL SCentral 9ft-Nattooal Oky V-

CVAraMa Vf-CciMDndal SUMfanaos seed MedwNta 9 991

MetropolitanUHss jSee X HITrader m-Wa i gi i m-

Vaflbtoetm Ridttne w M-STU06T COMPAN1 STOCKS

AaMTfcaa Security and Trust M-Nattooal Savfosa sad TrtaR-Unfcm Tenet Cewiwuy HR I9T-WajfciacUm Lens and Tenet m 29-Wa lriiigUw Safe Deiwelt Tr M-

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FINANCIALr

Haad Office 60 Wall St

Hew Yore

Capital and Surplus 55500000

UPTOWN BRANCH1124 Conn Ave

Corporation transactsof banking business

and hasbranches all over the world

Interest paid on drawing accountsand a higher rate on time money

Loans made on approved collateraland commercial paper discounted

Ladies accounts are welcomed and allare invited to call

v

MR NORMAN BESTORf-

or the past 36 years connected withthe Riggs Bank has been appointed

manager of the Connecticut Ave-

nue Branch in association with MrHurray A Cobb assistant manager incharge

Fiscal K TIIJI of t oIled States lu China Iliiliiiiiinc Islands nail IannniM

1415 G Street N W 1124 Connecticut Ave

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Bank equipped to render exbanking service continu

from 930 a m to 12 mW

Active business andpersonal accountsare

Exchange710 Fourteenth St

PRODUCE IN BALTIMORE

Baltimore Feb ZtPLOUKMarketWinter extra r Sa3 winter dear XBa3S wInter

itraHM iaa2fi winter Pat IHaS O aprtasdear 9838 tfttaf atoafebt XSWJI apHag piteat IUaUI cIty best patent 5M MBh-

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at thedoss Ooatnet taadr May TheMarket tar Weatara dose steady spat yeanaryT-

Ma Man 91-

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bet was iaaetitckits of white cora afloat onotaMe auaaainy at S1H

per boabel and prima piPes at actopeacd March mkmUK The aawkrt tatWeatara doatd MS apot Fcftnauy UK MarchWIsh April 5UMV May fKaB-

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X Ma H do No 3 4MK mixed No 2 lisaM No X 1aa ot Xo 4 Ha Sate Tbabove jnoUttoaa refer to oa Hlc deliior

la elevator MTJK bntfjia a4Irma devaton 3W boabeJa No 2 e-

ihiinatlf per baabd No 9 q Waattra a-

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do ctatce 3U3S da good 3ta do iaritattauZai-M JSa35 da Madu 3te9 nearby

IJaH Ohio rolls tfa VtadBla rollslid i4crepadud OWa MaK do Weat Vlr-

Kteia MalB Marylaad Vfcaiaia sad Peaaarlraaia-

qaatatiaw a for wholesale Me mljr eataMioba-

iJabbtac lots senEGCSttartoK Meady Maryland Ptaaaj ali

and aearby awta leas of per daaea V Western

lists bw oaf ff West Virgiafc Arata teat C KSoutbern toan off JSa pm Mall dMk-

yp jjLIVK rOULTRVyarkct atcady CIa aid

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do obi eacb SkiS da yoaas taad tachoice tf do roses Ur and raacb 0 dadnpuddle Incas a do mall da mmansi sad aiaiarrt llal da drabaa each 9MH-

do white iMkiaa r lb M ama sadSoatbera lisZt IL Maryland sad Vtaaiaia IX

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GRAIN MARKETS

Qaaatnaaa fmatobed by Cbartea a Gala O-acbtnp Bond of Trod Uoaacr Baildla-

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LIVE

Chimes Feb MCATTUCUecefr CSN beadeaUmated for to aaiaia t awrket steady 1rtae-bencs 19aSl poor ta Medina 44 11 ataekrnsad feeders l f 4M cow and him Sia25-eacnen LMtlW Teaaa 4 k l7S-

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SlIKKrlteceifKs Hl head eetiaaatri fete tolaorrow TJW atcady Inko II mats Natite sheep 3L9bA Vestern-abem X73a4 notice leads 4 aTJ VtaUr-ataafe SM 7

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CALVBSNo freak recefpta sad BOtWaK MfM-aatMftr steady Droned te fair deauadsad steady City dreiacd yeah Sal4 eamtrydIe UH

Stump ANIXUVllIISReceipU M had bv-Hry for either ep cr leads bust aeRere Haa oa

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feeHac steady

Two Nets Incorporationfor the incorporation the

Thomas W Power Elevator Companyteen flied The capital ocR of

the ftrm is stated at 100961 divided intoshares of 100 each purpose of

concern to manufacture install andsell ftlevatflr The following appear as in-

corporators ThontMi V WilliamV Cox and George The BusterBrown Social Club filed papers for incor-poration Ann Pledgman Ell Hedgmunand Thomas Johnson appearing asOrators

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Carefal attention taJOHN JOY XD80X PieskfcrJOHN A SWOfK VB PwsklTELLIS SPEAR fcaaaANDREW V ARK KB-1IARRY G MKKMllOYD TAYLORTHOMAS BRADLEY Real Estate OCi r-

FREDK ElClitLEtaUJEW trust ua e

UNION SAVINGS BANKBUILDING

710 14th StInvites your account

branch atWoodward Lothrop3

BUYERS AND SELLERSWhen yon want to sell aaytitaajr fan

natonlrjr go where pcrcbaam aaay beband

We kept prettytcadiag to this tenor of oar

Swartzell RheemHensey CoWAJUGBR BCIUMK

BRANCH OF

708 14th Street N WPhone M 1S5C

S H AGNEW MANAGKR-OiXJCCT PRIVATE WIRES TO X W TtHllC

deposit accounts aajbjact b cbetlf-MBMBCRS NJEW ionic STOCK KXCHAKGK

BOSTON CHICAGO e

Charles G Gates Corrrlottr Bunatagl

111 ROADWAY MEW YOUMembers of all Exchanges

Braacb OOcea-Tba WaMorfAataria New Tart

ttaabary Baifctos thingRaihray Ksebaag Hntlinas CSMavco

Attend Ufty New Jjsr

Washington Office Mmascy

TELKPHOKBSt MAIN 9m H-

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Capital tl000000 Surplus HJBi000 j

OFIssued

Drafts issued direct on principalcities of the world

Money transmitted by cableExchange bought and soldInvestments Collections madeStocks and Bonds bought and sold

NationalBank

Pa Ave Opposite U S Treasury

Members N Y Stock Excna g2

80 Broadway New Yock

WASHINGTON OFFICE

1301 F Street N WG B CHIPMAN

Member Washington Stock Exchange

Highest Returns to InvestorsWith safety to principal guaranteed by tnt sortEase Weed of trust b ta oat VTtahingtrm IDesproperty Screral aotM SJMB each to lavyiajS met Pet to tavcster IssUer a MM

dine propertyft McLSRAX MM IT at tr

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