20 
SOCIETY NOTES 
Representative and Mrs. John L. 
Saltonstall have let their Beverly 
Cove estate for the season and will 
leave New York Wednesday for 
England on board the Mauretania. 
From England they will go to Seot- 
land, to be the guests of Mr. and 
Mrs. Alexander Cochrane of Boston 
and Pride’s through the shooting 
season. They will return to this 
country in the early fall. Repre- 
sentative Saltonstall has been men- 
NORTH SHORE BREEZE 
tioned in connection with the Re- 
publican nomination for senator 
from the second Essex district. In 
spite of the expressed opinion of 
his friends, that he could win, Mr, 
Saltonstall has announced that he 
will not seek the as this year. 
Mrs. Frank A. Payan and Herbert 
Payan of Providence are visiting 
the former’s daughter, Mrs. Henry 
D. Schmidt and Mr. Schmidt, who 
are occupying the small Butler cot- 
tage, Magnolia, for the summer. 
W. G. LANGLEY & GO. 
After a long period of dullnes and 
this past week at last began to show 
narrow flunctuations, the market 
a definite upward trend. Traders 
have been uniformly bearish ever 
since the meeting of the Republican 
convention and U. S. Steel and 
Amalgamated were apparently the 
objective of the bear attack: The 
news of improved conditions in the 
steel trade, and the copper manufac- 
turies and the favorable crop esti- 
mates were consistently ignored. 
Board room gossip centered on poli- 
tics and the possibilities of tariff re- 
duction to the exclusion of all else. 
But declines as a rule were far from 
the expectations, and the result has 
been to build up a huge short inter- 
est in the two industrials whose posi- 
tion is the least secure of any on 
the list. None of the traders cared 
to note Dunn or Bradstreets reports 
of how real business was progress- 
ing. But somebody bought all the 
stocks that were thrown over and 
apparently was glad to get them. 
The reason for this confidence by the 
really big interests may be found in 
the ever increasing business activity 
WEEKLY MARKET LETTER 
53 State Street 
THE OGEANSIDE HOTEL, MAGNOLIA 
Members of the New York and Boston Stock Exchange 
BOSTON 
throughout the country and in the 
steel quarterly earnings which ought 
in our opinion to exceed the general 
estimate of 23,000,000 dollars. 
The copper scare seems to have 
vanished into thin air. It never had 
any foundation in fact as the capac- 
ity of the refineries has been taxed 
to the utmost during the past six 
months and yet the consumption 
has exceeded the output by over 
70,000,000 pounds. In fact selling 
agences were put in rather an awk- 
ward position by the strike at the 
refineries since they had based their 
sales for July delivery on the normal 
output of the refineries and found 
that they had oversold the amount 
that they would actually receive. 
This may, account for the purpose 
of the drive on copper warrants in 
London. Incidentally also some in- 
terests made a very handsome turn 
in Amalgamated apparently revers- 
ing their position and going long 
again around 80. We believe the 
long expected rise in copper shares 
is now at hand and that owing to 
this shake out it will start on a very 
healthy basis. 
H. P. WOODBURY & SON, Beverly Cove 
CARRY THE FINEST LINE OF GROCERIES 
AND TABLE DELICACIES AND 
SOLICIT 
ORDERS FROM ALL PARTS OF BEVERLY, 
PRIDES, BEVERLY FARMS and MONTSERRAT 
ESTABLISHED 
1363 
H. P. WOODBURY & SON 
TELEPHONE 
Beverly $46 
SOCIETY NOTES 
The many friends of Mr. and Mrs. 
John Wells Farley of 6 West Cedar 
street, Boston, are congratulating 
them on the arrival of their first- 
born, a daughter, born on July 18th. 
Mrs. Farley was Miss Isabel Stew- 
art McLennan. They were married 
on September 6th of last year. 
ee Of ¢ 
ve ve ve 
A number of the golf players in 
the open tournament now on at the 
Essex County club are stopping at 
the Masconomo, Manchester. Among 
them are H. H. Cook of Newtonville, 
EK. M. Taft of Whitinsville, John B. 
Hylan of Lowell, E. T. Manson of 
Framingham, L. M. Crosbie of 
Egypt, Ralph A. Wood of Arling- 
ton and N. H. Redman of New York 
city. 
ee 0% ¢ 
3% 3 3 
Mr. and Mrs. John N. Willys have 
visiting them At Pride’s Crossing 
the latter’s father Mr. Julian Van 
Wie of Toledo, O., who will remain 
the balance of July. 
Miss Ella Harding of New York 
is at Magnolia for another season 
with a big selection of unusual 
gowns, suits and motor coats. 
Some very unusual things may be 
found at Mrs. C. F. Bennett’s ‘‘Ye 
Gifte Shoppe,’? in the Donchian 
building, Lexington ave., Magnolia, 
including novelties and ecards suit- 
able for all occasions. Last season 
Mrs. Bennett had the small store in 
the Library building, but this season 
she has more suitable quarters with 
the other shops in the Donchian 
building. 
Hodgson, Kennard & Co., have 
opened their Magnolia branch in 
the Oceanside Hotel for the third 
season. In addition to their superb 
stock of jewelry they are calling at- 
tention to the exceptional facilities 
for cleaning jewelry while their pa- 
trons wait, for which no charge is 
made. 
HOUSE OF SEVEN GABLES, 1663 
cene of Hawthorne’s Romance 
Open to visitors daily: Six rooms 
and secret Staircase are shown. 
Fee 25c. including garden and 
counting house. 
Admission to Hepzibah’s Shop, Free 
Quaint and attractive articles on sale. 
Tea served in the garden. 
Hathaway House (1683) in the same 
grounds. 
94 Turner St., Salem 
