Richmond Palladium (Daily), Volume 33, Number 134, 28 June 1908 — Page 6

THE RICHMOND PAIiIADITJM AND SUN-TELEGRAM, SUNDAY, JUNE 28, PUTFOBM EXPECTED TO BE DlSTUHI Markets Will Sway Under Contents of Bryan's Platform, Says Clews. interest and dividend payments com bined will be only aoout $7,00O.0oJ. There are expectations of a slightly HM Rfe w Store Every Pay TMs Week Soirmeftlhunig Doneg better bond market Dased on these j large disbursements, but investment j purchases generally are being conducted on strictly conservative lines. The outlook is for a comparatively quiet stock market, with limited fluc tuations in either direction. There is nothing in the situation to warrant uneasiness in regard to security val ues, and no great decline is to be an ticipated. On the other hand favor able conditions have been eo amply discounted by the recent advances that temporary weakness was inevita TAFT IS EXPECTED TO WIN. ble. HENRV CLEWS.

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THOUGHT HE WILL PULL COUNTRY OUT OF IT8 PRESENT STATE OF DOUBT AND BUSINESS DEPRESSION WILL CEASE.

New York, June 27. In anticipation of Mr. Taft's nomination for the Presidency, the stock market underwent a considerable and prolonged advance. Upon announcement of th event prices as usual reacted; early buyers having taken profits and left the market with Inadequate support. , With the Denver convention close at hand, and probabilities of Mr. Bryan's nomination daily strengthening .there is more or less shrinking in values, and the mar ket is discounting his nomination by a show of weakness, much in the same fashion that it anticipated Mr. Taft's nomination by a show of strength. Moreover all persons are not equally congdent of Mr. Taft's election in November next. A goodly number consider the outlook still doubtful and act upon their convictions; and while they may be in error they are sufficiently strong numerically to give the political situation a moderate degree of uncertainty which may be expected to last until the final outcome in November next. The platform soon to be announced from Denver is expected to be more or less radical and disturbing. There is a large element of discontent throughout the country aggravated by general business depression, and It must be remembered that hard times always work adversely to the party In power. Nevertheless, . Mr. Taft's strong, good sense, his ability, courage and integrity, not to speak of his winning personality will stand him in good stead during the campaign, and are likely to ultimately win for him much greater popularity anions- the voters than he possesses even today. x -fS;$jlflI!gj Approach Dull Season. Under such circumstances a strong and active market can hardly be expected. The technical situation has been weakened by recent free realizations, and the large holders who sold stocks are not likely to re-enter the market until confident that another turn for the better Is at hand. We are now approaching the period of usual summer dullness; and many operators are absent on vacations or disinclined to activity until political and crop uncertainties are cleared away. The crop outlook as a whole continues encouraging. Occasional damage has been done by excessive rains, but as a rule such injuries are more than offset by high conditions' in wheat, corn, oats and hay reported in other sections. Corn is the only exception, being somewhat backward, but this is a crop which develops rapidly, and would quickly respond to a few days of hot weather. So far there is no reason for concern in regard to crops. On the contrary, there is still every rea son to look forward to abundance and 1 good prices for the fruits of the earth. Conditions still are so high as to leave ample margin for ordinary deteriora-; tlon during the next two or three ! knonths. Recovery Requires Time. In the business outlook there is little ' change, and a very quiet summer for! mil lines of industry is in prospect. It Is quite evident that a further period of rest will be necessary for eonvales- i cence after the severe crisis of last October. Recovery will require more time than some impatient people will admit. The situation is steadily improving, and the outlook is certainly hopeful: but this is not a time to be over-sanguine and moderate anticipations are much more likely to be realized than those of over enthusiastic prosperity boomers, whose wishes are too often father of the thought. Rate Advance Unwise. There has been serious talk of an Advance in freight rates, but this would be unwise . policy, .since it would check rather than stimulate traffic, and revive public ' hostility to railroads, which after having done sufficient harm Is now really abating. .The most favorable feature in the railroad situation is that the number of adle cars is beginning to decrease. There are no clounds in the monetary outlook, and we seem more likely to be afflicted with a redundancy of currency than a scarcity. Interest rates are low the world over; both domestic and foreign banks are steadily increasing their reserves, and gold exports from this country have ceased temporarily at least. On the first of August nearly $64,000,tX)0 of Spanish War 3 per cent bonds became due Whether these will be refunded at a lower rate of Interest, or redeemed in part or whole has not yet been disclosed. In view of the reduction in the treasury surplus, and the fact that the fiscal year about to close is likely to show a deficit of over $02,000,000 the entire payment of this debt seems "unlikely; the treasury, however, still has a surplus of over $235,000,000, and of this $165,000,000 ts on deposit in national banks. It is therefore, to be presumed that the treasury will before long make a considerable call on the banks; a contingency for which some institutions are already preparing. Next week .nearly $190,000,000 inter est and dividend payments will become . due. As a result of the panic this is nearly $12,000,000 less In dividends than a year ago. Owing however, to the increased output of b5nds and short term obligations. Interest payments are considerably larger than a ararc aso: so that the nst decrease in

BOGUS "ANTIQUES. Collectors Constantly on Tlieir Guard Afiilnit Fraud. Collectors of antiques have to be all the time on their guard against fraud. Even then they are often deceived. Artists exist who can impose on the very elect. A well known collector had a precious box of rare enamel. lie sent It to Vienna to be repaired, and the Ingenious mender fitted it with a new lid. Then he put a new lower part to the original lid, and two collectors were made Ijappy. A gem cutter took a modern gold Greek ring, recut the stone with an Intaglio of an important subject, made a turkey swallow the ring and after some time killed the turkey. The residence in the bird's crop bad endowed the gem with all the marks of age. A scholar in a little known part of Dalmatia was seeking gold coins and ornaments of the old Servian dynasty. A dealer came to him with a beautifully wrought crucifix, which he claimed to be a genuine antique. In examining the article with a glass the student came across a tiny Inscription, and, better versed than the dealer gave him credit for being, he read it aloud, "This cross was made in 1893 by ," giving the name of the maker it said. The dealer stood not on the order of his going, but left at once. Many a reputed article is its own undoing. At one time a number of lead coins were put on the market as antiques. It was discovered that the Arabic numerals with which they were dated were of the fashion not invented at the supposed time of their making. Collectors, young and old, trained and untrained, are constantly being taken in. Even museums themselves are not free from fakes.

PUMICE STONE. The Beat Quality Come From the Island of LI pari. We often hear it remarked, and particularly after the eruption of a volcano, that pumice stone ought to be plentiful and cheap, as quantities must have been ejected during the volcanic disturbance. As a matter of fact, however, none of the white stone in general use is obtained from active volcanoes. It comes from the deposits of the article discovered in one or two quarters of the globe, the best of which is at present to be found in the island of Lipari, situated in the Tyrrhenian sea. The island is mountainous in character and consists of tuffs and lavas and of highly siliceous volcanic products. The district where the stone is "found is called Campo Blanco or Monte Tetalo, 1,500 feet above the level of the sea. After riding a considerable distance, partly along precipitous paths sufficiently dangerous to be Interesting and partly through vineyards and over grassy plains, one almost comes suddenly upon a seemingly snow clad valley, inclosed by hills also quite white, and the whole glaringly bright on a sunny day. Into those hills workmen are unceasingly digging deep burrows, working within by candlelight. In their excavations they come across many lumps of pumice stone, which are placed in baskets, subsequently being conveyed along the valley to the seashore, where small boats are loaded and sail to the seaport near by, where the stone is sorted, packed and shipped to distant parts either by way of Messina or Leghorn. rAdlrondack. The word "Adirondack comes to us from the language of the Mohawks. With them It was Ha-de-ron-dack and meant wood eaters. This term was applied In derision to a few members of a once powerful branch of the Al gonqulns, who were defeated by the Iroquois and forced to seek refuge iu a fastness of the mountains. They were tn great distress, and it is said they sent messengers to their victors asking them to make no further war upon them, as they were reduced to the ne cessity of eating roots and the bark of trees. A few of them finally escaped to the north, and others were captured and held in slavery by the Mohawks. The Giant of Liobatera. The largest lobster ever caught on the coast of America was taken by a Belfast (Me.) fisherman in 1891. It weighed twenty-three pounds and measured thirty-seven inches from the end of its tail to the tip of the long front claws. The monster -was too large to enter a common lobster trap, but as the trap was being drawn up it was caught In the netting and safely landed. Many years ago a lobster weighing twenty-two pounds was captured near the same place, and the event was considered to be of enough importance to be given a place in Wil llmson's "History of Belfast." Insect Bitea. The London Lancet remarks: "Many people do not know how easily they can protect themselves and their chll dren against the bites of gnats and other insects. Weak carbolic acid sponged tn the skin sod hair and in some cases clothing will drive away the whole tribe. We have no doubt that horses and cattle could be protect ed In the same way from flies, which sometimes nearly madden them." One View of Lore. Love is merely a madness, and, I tell you, deserves as well a dark house and a whip as madmen do, and the reason why they are not so punished and cured is that the lunacy is so ordinary that the whippers are In love too. Shakesoeare. An open air concert and social will be given Tuesday evening in St. Mary's school yard by the Women's Catholic Order of Forester"

Wednesday Specials STRAW HATS All our season's Straw Hats, any shape, any price, at. . . UNDERWEAR All our very best hot weather underwear, 50c grades, spe cial for Show Day

SUIT CASES and Trunks at reduced prices. The season you take a vacation; carryables for

NECKWEAR The prettiest in the city, all new patterns, colorings, etc., for only 25c to

50 and up

Jl3)

All the newest Fall and Summer creations. Your choice style for only $13.50. Send In your order today.

F. C. FRIEDGM & COMPANY

918 ENGLISH ASTRONOMER WILL COUNTJHE STARS Starts Out to Get an Accurate Line on the Constellation. London, June 27. An English astronomer J. Franklin Adams, Is said to have begun the prodigious task of counting the stars. Even a field glass Increases the visible number astonishingly and the big telescopes reveal a number estimated at over GO.OOO.OOO, while the camera reveals apparently over 100,000.000. CARPENTERS' UNION REPORTS ADVANCES Claim to Have Benefitted Nearly 30,000 Laborers. Philadelphia, June 27. The United Brotherhood of carpenters and joiners claims to have brought about the employment of upwards -of 30,000 more men through the shortening of hours. U also claims to havo advanced wages to a point where $t,o00,000 more pay annually reaches the pockets of its members. Perfumes have oeen used from the earliest times. The burning of perfumed Incense was one of the rites of the Hebrew and pagan religions, and perfumes of various torts were nsed by nearly all the nations of antiquity. Both the Romans and the Greeks were skilled in making perfumery. It was from the Arabs, who possessed the art of preparing perfumed waters, that the use of perfumes was introduced Into mediaeval Enrop. Helene Steer Saxby has resigned from the faculty of the Cincinnati

Jchool oX expression

For a Fine TAILORED SUIT to your measure

MAIN STREET. DIAMOND DEALERS BUY STONES ABROAD Foreign Agents Believe Worst Of "Hard Times" Has Passed. New York, June 27. After a depression lasting more than eight months, the stagnation which has existed in the precious stones trade, gives signs of ending. As is usual at this season of the year, a large number of gem dealers of this city are abroad in the markets of Amsterdam, Antwerp, London and Paris. These, according to cables received in this city yesterday, are buying liberally on the belief that the worst of the so-called "hard times'' is over. SAYS JAPANESE WAR IS NOT IMMINENT Gen. Merriman Says Fleet's Visit to Pacific Is a Peaceful One. Spokane, Wash., June 27. While he declined to discuss the significance of "the big slxteen's" visit to the Pacific coast and the subsequent tour of the world , by the North Atlantic squadron Gen. Henry Clay Merriman of Washington, D. C, who is visiting his brother, Rufus Merriman, In Spokane, declared in an interview that there is absolutely no prospect of a clash between the United States and Japan. The Japanese, he added, have nothing to gain and a great deal to lose by a war with this country, and the United States is not looking for armed trouble with any other country.

Soprbomia: Tour grocer has Gold 2ledal jovr. - , . 9S02.

1-2 m 35c 92c r

demands that 50c of any OPIUM COMMISSIONERS TO MEET IN SHANGHAI Will Take Further Steps to Suppress Traffic in The Drug. Washington, June 27. The joint commission for suppression of the opium traffic will meet in Shanghai Jan. 2. 1900. The American. Commissioners, Messrs. Burke and "Wright, will collect information on opium traffic in the United States, and the Philippine Islands. Dr. Tenny will 6tudy the situation in China. Thomas Burke is a well known attorney and jurist of Seattle, Wash. Dr. Wright has traveled extensively in the Far East and has made a study of all phases of the opium evils. ROADMAKERSOF WORLD MEET IN PARIS IN FALL Will Discuss Adaptation of Highways to New Weans Of Locomotion. Paris, June 27. The international congress for the study of the best means of adapting highways to the new methods of locomotion will be held in Paris from the 11th to the 15th of next October. The French ministry has sent invitations to different governments. The congress will be accompanied by an exhibition of maps and plans as well as information concerning the construction and maintenance of roads, necessary implements, and machinery, and examples of various forms of wheels, with their effects upon the highways. Patty: Gold afadal Flour la verr hirheat

Monday's Special Sale on Straw Hats 10 Price on all Straw Hats

$3.00 Ones for $1.50 $2.00 - M $1.00 50c - 25c 25c - I21.2c Tuesday SUIT CASES All our first class suit cases will be placed on sale at ridiculously low prices Thursday All these Specials for this day. Friday Big Reductions on everything in our store. We will be open until 12 o'clock p. m. FRIDAY will be our SATURDAY. See the specials for 4th of July.

-flD.50

Suits Tailored to Measure Any style, any fabric. See the new line now on display.

F. C FIHEDGEN - & - GO

91S MAIN PACIFIC FLEET TO MAKE TBIPJO SAMOA Vessels Leave for Honolulu on August 24th. Washington, D. C, June 27. The first and second divisions of the Pacific fleet, comprising eight vessels, the West Virginia, Colorado, Maryland, Pennsylvania, Tennessee, Washington, California and South Dakota, accompanied by the second torpedo flotilla, the Hopkins. Stewart, Whipple, Lawrence, Truxtum, Hull and torpedo boats Davis and Farragut, will leave San Fran

HMD ET MOWS Burn Artificial Gas in an Artificial Gas Range. Do it now and watch your gas bill. Seethe Richmond Light Heat & Power Co.

and up

STREET cisco on August 2 1th. They will steam first to Honolulu. 2,100 miles at about ten knots, arriving there September Sort Here the cruisers and torpedo boats will coal, leaving Honolulu after about one .week's stop for Samoa. 2.240 miles, arriving at the port the last week in September. From Samoa the fleet will 'after a series of maneuvers, later to be determined, return again to Honolulu, and from Honolulu will go to Magda.ena Day for the fall target practice. The Twilight Of Lire The muscle of the stomacfc s old as are set si stroBf or active in youth and Id coat, quance old people are very subject to conttlpa. tion and indigestion. Many Hldom have a bowel movement without artificial aid. Many, al.o. have unpleasant erectations of gas troro the stomach after eating. All this can be avoided by the aae of Dr. Caldwell's Syrne Pepeto. which permanently regulates th bowels so that passages come naturally, and so strengthens the stomach that rood is digested witboot discomfort. Druggiatt u it at SO cca:a or SI a Urge bottle.