32 NOOO FR oa a 
Se OM he 
pensed so glibly in the trade. Ac- 
curate readings of the marks and the 
principal inscriptions would be a 
valuable addition, and not very dif- 
ficult to compass, but Mr. Gorer has 
ignored this important feature of a 
catalogue. But it is perhaps unfair 
to judge this work by the standard 
vf the catalogue raisonne, and 
we are only tempted to do so because 
it rises so far above the level 
of its kind and _ because _ its 
full illustration gives it value as 
a work of reference. The plates 
are executed by the four-colour proc- 
ess, and are probably as good as can 
be obtained by this method. The 
colouring is, on the whole, truthful, 
though at times a trifle hard, but 
most of the illustrations have an un- 
real appearance owing to the ab- 
sence of light and shade. This flat- 
ness is particularly obvious in the 
panelled designs, and where there 
are considerable areas undecorated. 
The white ground is too white, and 
in looking at these pictures one 
realizes how materially that faint 
bluish, or it may be greenish or 
ereamy, tone of the porcelain glaze 
assists to harmonize the colours of 
the decoration. The most successful 
plates are those in which the ground 
of the ware is most completely con- 
cealed by colour, as in the pieces 
with on-biscuit colours, such as the 
large black plate with Imperial 
dragons, the set of fantastic lions, 
the pagoda, and the two wonderful 
figures identified as representations 
of Vajrapani. The set of peach- 
bloom vases is admirably rendered, 
and the failure of the single-colour 
pieces is due entirely to lack of mod- 
elling. But taken as a whole the 
illustrations are of a high order, and 
considering their size and number, 
the cost of the Catalogue must be 
regarded as extremely moderate. 
HAMILTON—WENHAM. 
Mr. and Mrs. Frank A. Magee of 
Boston, are entertaining their son, 
John Magee, and wife and their son’s 
partner from Chicago at their Wen- 
ham estate on Walnut Road. Among 
the pleasure trips planned in their 
honor was an auto trip to the moun- 
tains. 
Miss Laura B. Merriam, who is 
spending the summer with her uncle 
and aunt, Mr. and Mrs. F. P- Mitchell 
of Washington, at the Meyer cottage, 
Hamilton, is in Nantucket for a so- 
journ. 
R. M. Waller of Broad Run, Va., 
is in Hamilton for his annual sojourn. 
He has brought his string of horses. 
WEEKLY MARKET LETTER 
W. C. Langley & Co. 
Oceanside Hotel Magnolia 
Members of New York and Boston 
Stock Exchanges: 
During the past week the security 
markets have suffered a drastic and 
continuous decline, somewhat simi- 
lar to the 1907 panic. Owing to the 
smaller public interest and to sound 
underlying financial conditions re- 
sults so far have not been serious, 
although the losses of the principal 
stocks have ranged from five to fif- 
teen points. Union Pacific and 
United States Steel were the storm 
centers; the former on account of 
the resignation of Mr. Frick from 
the directorate, which-had a greater 
sentimental effect even than the 
prospects of poor crops, and the lat- 
ter on account of the possibility that 
a reduction of the duties on steel 
might be tacked onto the cotton 
bills now before Congress in the 
form-of an amendment. The latter 
danger is really the most serious, as 
some attempt has been made to form 
a coalition in Congress _ strong 
enough to pass measures over the 
President’s veto. If such a coalition 
should be formed successfully, it is 
probable that we are in for a pro- 
longed session of Congress with a re- 
vision of the tariff, for, knowing that 
they have the power these _ politi- 
cians will not dare risk the outcome 
of the fall elections and will put 
through what measures they can 
while they are certain of their 
strength. The result would be very 
serious indeed to all industrial seeur- 
ities. Fortunately the success of 
such a coalition is still in doubt and 
it is to be hoped that sufficient press- 
ure will be brought to bear on legis- 
lators by the sound business men of 
the country to avert any such hasty 
and ill-considered action. 
A contributing cause of the de- 
cline has also been the strike in 
Liverpool, which has assumed seri- 
ous proportions and caused the sale 
of a considerable amount of Ameri- 
ean stocks earried in England. The 
statistical position of the shorts has 
been considerably improved by this 
unexpected source of supply. Even 
so, however, their position will be 
far from comfortable in ease Con- 
gress does adjourn without being 
able to pass any important bills over 
the veto, and in that event we ex- 
pect a rally corresponding to pres- 
ent severe decline. 
The group of copper stocks suff- 
ered along with the rest of the mar- 
ket, especially in the local Boston 
list, and it may be timely to say a 
few words about the present condi- 
BREEZE 
tions. In the first place few people 
stop to realize that many well- 
known mines are now selling at 
prices lower than any reached since 
the panic and yet the metal is selling 
about one cent a pound higher than 
recently and its statistical position is 
better than it has been in two years. 
In addition to this the depression in 
-the price of copper has forced every 
mine to adopt whatever economies 
could be devised and copper has 
never before been produced with as 
little unnecessary waste. Many of 
them are making a larger profit per 
pound on 12%4 cent copper today 
than they were on 14 cent copper 
two years ago. As instances of this 
we might cite: Old Dominion, Os- 
ceola, Isle Royale and Utah Copper. 
The present low market quotations 
are purely ficticious in that they do 
not represent what any fair-sized 
block of stock could be acquired for 
but merely reflect the lack of buy- 
ing power in a temporarily neglected 
market, and the forced sale of small 
lots to protect New York stocks. 
Intrinsically also, based on- the 
earning power of various stocks 
they are selling far below their true 
values. A list could be made of over 
a dozen perfectly sound propositions 
actually earning from ten to fifteen 
percent on their present selling 
price, and many of these have pros- 
pects of additional earnings from in- 
creased output that add materially 
to their worth. Copper Range, Old 
Dominion, East Butte, Tuolumne, 
Osceola, Isle Royale, Nevada Con- 
solidated, and many others belong in 
this class, and anyone of them is a 
bargain at present prices regardless 
of any upheaval that might take 
place in the New York market. 
They would be cheap even with the 
price of Copper selling under twelve 
cents. 
CONCERT AT MANCHESTER, THURS- 
DAY AUGUST 24TH. 
1—‘‘ Processional March’’ Hume 
2—Overture, ‘‘Semiramide’’ Rossini 
3—Waltz, ‘‘Gipsy Life’’ Raymond 
4—Fantasia, ‘‘ Nautical Songs’’ Tobani 
5—Duet for Cornets Selected 
Messrs. Bernier and Leitsinger 
6—Selection from the Opera ‘‘Carmen’’ 
7—(a) ‘‘Under the Southern Moonlight’’ 
(b) ‘*Cotton Time’’ Daniels 
8—Selection, ‘‘The Serenade’’ Herbert 
9—Fantasia, ‘‘My Maryland’’ Short 
(Variation for all the Instruments) 
10—March, ‘‘ Daughters of. America’’ 
Two Telephones 
Constant increase in business has 
made it necessary for the Thissell 
Co., provision dealers and grocers, of 
Beverly Farms, to have another tele- 
phone installed in their place of bus- 
iness. The President’s yacht is 
among the customers of this concern, 
