davidaulloa/AmericanStories huggingface dataset:
The herald., 1897-10-23
ON CHANGE
What Was Done Yesterday on Wall
Street

NEW YORK, Oct 22.-The wheat mar
ket reused out of its accustomed specu-
lative lethargy today with suddenness
and vgor that sent prices up bushel.
to STA for December, with later curb ad-
vance to 9S. Bullish European advices and
a heavy export business acting on bad
ly oversold market occasioned the excite
ment. Rumors Of unusual cash trade were
current shortly after the opening. Not only
were foreigners understood to have bought
literally at seaboard ports, but at st. Louis
and other western markets. The bear stam-
pede was in proportion as export stories
Increased, reaching Its climax at the close,
with prices at the top notch for the day.
According to conservative estimates, about
seventy loads were worked at New York
and thirty more at outports. But owing
to scarcity Of freight room 1t was sus-
Ipected that considerable business was
The herald., 1897-10-23
SAN FRANCISCO MARKETS
Call Board Prices of Cereals and Ship
ments Received

SAN FRANCISCO. Oct. 22- w heat -
Quiet; December, 1.49sl: May, 1.471s.
Barley-Inactive; December, S41s.
Corn-Large yellow, 1.05Q1.0 07E.
Bran-15 0OG15.50.
Flour-Family extras. 5.O0@51O; bakers
extras, 4.7514.S5.
Wheat-No. 1 shipping. 1.4s24; choice do,
150: milling, 1.521a@1.55.
Barley--Feed, SomS5: brewing, 9561O5.
Oats--Fair to poor, 1.O714@1.121a; good to
choice, 1.1501. .2O fancy feed, 1.25Q1 80: gray,
1.1Od1.15; milling, 1.121s@1171a; surprise,
1.221a@1. 27ls BACK for seed, 1.35@l.5O red,
1.171aM1S0
Receipts = Flour, quarter sacks, 421S:
do Oregon, 1905; wheat, centals, 1856, 1882
do Oregon, 1850: barley, centals 965; do
Oregon, $40; oats centals, 100; do Oregon
40; beans, sacks, All; corn, centals, 10;
do eastern 400; rye, centals, 1910; potatoes,
sacks, 1887; do Oregon, 523; onions, sacks,
246; bran, sacks, Oregon, 2SO0; middlings,
sacks, $40; do Oregon, 500; hay, tons, s22;
straw, tons, 10; hops, bales, 43; wool, bales
ia; hides, number, 539; raisins. boxes, 1870
quicksilver, TASKS, 12O; wine, gallons,
35, $50.
The herald., 1897-10-23

withheld for purpose. so that estimates
of 1876 loads all told were credited in many
quarters as better representing the sea-
board business. English and continental
cables were higher, while European sta
tistics were all of the most bullish charac-
ter, with the home situation not far be-
hind. The range of December was from
94% to 971s. closing at 97ss, against 941a last
night. Total sales were 4.170,00O bushels.
Today's stock market was a contest be-
tween professional traders and the results
show hard battle between the bulls and
bears, net changes being extremely mar
row In most all cases. but those on the side
Of gains being very few. The bulk of the
days trading was down on the level of
prices being very materially that of yes
terday. The opening showed a sharp de-
cline in sympathy with London, at which
speculation was very dull, owing to the har-
dening tendency of the money market
and fears of impending stringency here.
The old apprehension of Spanish compli-
cations was used with good effect by the
bear traders. The decline of the day
reached a point or over in large number
of stocks including the leading industri-
ais, the Changers and Union Pacific. Un-
ion Pacific was affected by the reports
of the forming of an opposition syndicate
to bid for the property at the foreclosure
sale. The turn in the market came with a
sharp recovery in Chicago Gas on deli
mite report from Chicago that the control
of the threatened opposition had passed to
friends of the company. This stock was
quite strong during the remainder of the
day. selling at one time at TO points
above the lowest Sugar was also a strong
factor, rising above last nights close on
countervailing duties on refined sugars
the estimated benefits to accrue from
from foreign countries which pay boun-
ty Union Pacific also was relieved of the
early pressure by statements from inter-
ests alleged to be identified with the oppo-
sition syndicate denying their connection
with it. Recoveries at one time during the
afternoon were complete in almost all
cases but prices fell slightly below the best
and below last nights close in the general
transactions There were times during the
day when the market was almost stagnant
and there were no evidences of any out
side interest in business. The money mar
ket tended toward an easier tone, no call
loans being recorded above per cent.
Tomorrow's bank statement is expected
to show a marked increase in the surplus
reserve. Business in bonds was quiet and
prices moved In sympathy with stocks. but
over a narrow range. Oregon issues were
notably weak. Total sales, s1300,0O0.
United States new registered fours were
advanced ss bid; coupon Is, and United
States fives coupon Is.
The herald., 1897-10-23
Chicago Live Stock

CHICAGO. Oct 22-Cattle-Native beef
steers sold at S.75a4OO for the poorest, up
to 5.00d5.30 for best shipping cattle, by far
the greater part going between 400 and 800
Few really choice cattle were marketed.
and numerous fed western sold at 375Nl
4.25. Stockers and feeders sold above $40
A good many western rangers went fof
feeders at 3.6014.15.
Hogs-The bulk of hogs brought 3.6OI
3.95, common packers selling for 3400S.55
and prime assorted light at 4.00G405. Pigs
sold largely at S4003.90.
Sheep were saleabe at 250d3o0 for the
poorest to 425I4.50 for the best natives
while western rangers sold at 325d4.15, a
great many feeders going for 3.75d4.0O
Lambs sold actively at 3S0M6.00 and car
load Of exceptionally choice lambs brought
615 Western lambs sold freely at 4.500
4.e0.
Receipts Cattle. 5000; hogs, $4,000; sheep.
5000.
The herald., 1897-10-23
Rond Snles

Bloomington, H.. $l5oOj 4 per cent 1G-
year bonds were awarded at 100i0 basis
l.sS.
The s60,5s Buffalo, N. Y. oIs per cent
29-year grade crossing bonds were
awarded at 1851.
The $500 Marathon, n. Y, per cent
average 151s-ycar water bonds were sold
at 10s.51.
The Ogdensburg. N. Y. s41, $50 water 4
per cent 1O-year bonds were awarded at
10ie55.
The Carnegie Pa, $4,000 street and
sewer AZ per cent 21-year bonds were
awarded for sl2I27.
The $4,000 New Brighton. S. l. (N. ", 5
per cent 4s-year (average) school district
No. bonds were awarded at 10G6i
The $1,000 New Brighton per cent s.
year (average) school district No. bonds
were awarded at 40 .0e...--s--. --9.'- ttr''s
The 1920 eco Cleveland. O.. per cent
l0-year sewer district bonds were
awarded at 104.93. ,f
The $4,000 Queens county N. Y, per
cent 20-year gold road bonds were awarded
100000 at 1o9.44 apd. $4,000 at 1854
The $4,000 Lexington Mass. per cent
20-year registered gold refunding water
bonds were awarded at 1081S7. at which
price they net about 3.43 per cent.
The herald., 1897-10-23
CHICAGO MARKETS
Yesterdays Transactions on the Board
of Trade

CHICAGO, Oct. 22-Wheat traders were
surprised at the opening at the firmness
at Liverpool, that market showing 1aM5sd
advance when trading opened here, not
withstanding yesterdays weakness. The
result of the unexpected strength abroad
was firm opening here and a further i'm
mediate advance that put prices within a
small fraction of yesterdays highest fig
ures. Buying orders for May wheat from
the United Kingdom were in the hands Of
several commission houses of Chicago at
the opening and their execution in the pit
caused a further lessening of the premium
at which December is selling over May.
New York wire that twenty-five boatloads
had been taken for export, and claims were
made little later In the day that 1,O00C00
bushels had been sold. Reports from the
winter wheat districts east of the Missis-
sippi showed a decidedly gloomy, not to
say sensational, state Of affairs, on ac
count of the drought. The falling off in
the domestic receipts also attracted atten-
tion. Chicago got 144 cars, against 44
year ago. Minneapolis and Duluth report
ed S25 cars, compared with 1912 a week ago
and 1927 the corresponding day of the year
before. The total receipts at western pri-
mary markets were 1040000 bushels.
against 1131.000 bushels year ago. There
was some disappointment at the compare
tive weakness in the Paris market. but
this reaction lasted only a few minutes
and was succeed by a brisker demand
than at any period of the day. About fif-
teen minutes from the end of the session
the market began spinning around in an
excited whirl and caught up December to
94h and May to 93ss, and those were the
closing figures.
Corn was active and strong. Some of
the heaviest shorts were the most con-
spicuous buyers. Gables were 1sd$sd high
er. December closed at the top figures, at
an advance of 1a1ls
Oats were firm and higher. in sympathy
with wheat and good export demand, clos
ing u higher.
In provisions reports that frost had oc-
CURED in the yellow fever district last
night helped to make a strong market.
The strength Of wheat and corn was, of
course. a feature. Prices ruled higher
from the start. and at the close December
pork was 171a higher December lard 21sQ5
higher and ribs 71a higher.
The leading futures closed as follows:
The herald., 1897-10-23
European Markets

NEW YORK, Oct 22.-The Evening
Posts financial cablegram says:
The stock markets were quiet and dull
today on the tightening of the money mar
ket Borrowers today were driven to the
Bank of England where per cent is
charged. Americans were lifeless and dull
AS affecting future gold movements be-
tween New York and London, learn that
New York is liouidating considerable ster-
ling engagements here. 1t appears here
that early this year certain of the Ameri-
can railways concerned In refunding
schemes borrowed large sums here for
about six months at per cent, money then
being cheap. Now that money 10 tight and
The herald., 1897-10-23
Money Quotations

NEW YORK, Oct. 22-Money on call.
easier at 1a2 per cent; last loan, per
cent; closed, offered at / per cent; prime
mercantile paper. 4d41s per cent.
Sterling exchange - Firm. with actual
business in bankers bills at 4S41sm4.S5 for
demand, and 4.S2AG4.s212 for sixty days;
posted rates. 4S21a@4S31A and 4.S514; COM
mercial bills, 4.S1.
SAN FRANCISCO, Oct %. Drafts =
Sight. 171a; telegraph, 20.
LONDON, Oct. 22.-Consuls, 111k.
The herald., 1897-10-23
OFFICE OF THE HERALD,

LOO oStopCi -.
The many English critics who have
watched the expanding exports of manu-
factures of iron and steel from this coun-
try with undisguised apprehension have
abandoned the hope that return of Amer
loan prosperity would give our rolling mills
all they could do to supply the home de-
mand. 1t is now said that the causes
which are giving the Americans such a
favorable position are permanent and
everything points to the United States re-
naming the cheapest steel producing coun-
try Of the world.
+ r +
In the course of a comparison of Eng
lish. German and French banks Ottoman
Haupt, in the London Financial Times,
says: ut Is most interesting to follow the
development of the different banking insti-
tutions in the leading countries. and espe-
cia.iy the tendency to continually aug
ment their capital, displayed by some of
them in France and Germany. With us
originally the lead was given in this di-
rection by the Credit Lyonnais, which grad
ually raised its capital to the highest figure
known in this respect in any country,
namely, 200 600 900 francs, or, say, GS 200, 900.
At present 1t is the turn of the Banque In
ternationale, which is just now preparing
for the issue of 10000 new shares for the
sake Of increasing it's capital from 25 600 600
francs to 4O,OOOOO0 francs. In Germany the
Deutsche bank and the Dresdner bank are
proceeding in the same direction while
in England nothing has been changed IN
-1his respect, as there the banks rely prln-
cipally on their deposits to do business
with. The following figures. given in ster-
ling, showing the position at the end of
1885, Will be of interest:
The herald., 1897-10-23
Bradstreet's Review

NEW YORK, Oct. 22.-Bradstreet's to-
morrow will say;
While the general trade movement Is
somewhat irregular and there are further
evidences of falling off in demand and vol
ume. business continues of large proper
tons. Speculation in wool has ceased and
demand for the staple is less than for
weeks past. Cotton goods are dull, on the
weakness of raw cotton, and jobebrs re-
port dry goods slower than a week ago. In
terror merchants in the central west have
not distributed fall stocks as promptly as
expected, and many jobbers at western
centers find that they overestimated the
consumptive demand when securing fal,
goods. Unseasonably warm weather has
interfered with the movement of heavy
goods at the west but rains in Kansas,
Oklahoma and Nebraska have improved
;he agricultural outlook. Relatively the
greatest activity in trade is reported by
Kansas City and Omaha merchants. While
quarantine regulations have been raised in
Texas and modified in Louisiana, business
The herald., 1897-10-23

Sist this year were ss4,477, against s626s;
last year.
For the first time in financial history,
leading members of the conservative side
OIL New York finance are publicly associ-
ating themselves with investments in gold
mines. Chauncey M. Depew, ex-Postmas-
ter General James H. Walter Webb Smith
NJ Weed and John Christensen are among
those who in a published prospectus in
vite the public to buy shares in gold min
ing development company.
j. L. Court of Prescott Ariz., has the
gigantic idea that the Grand Canyon of the
Colorado is great su:ce box, and pro-
poses to locate 300 miles of that slit in
Arizona, stretch cables across, suspend
ground sluices with copper plates attached
and occasionally pulling up the aforesaid
plates, scrape off the gold and "set 'em
again."
Where a mining claim is located in this
state after November I'd of this year it
will be possible to do the $50 worth of work
required by the California statute, and
make it part Of the 500 assessment work
specified in the federal statutes.
The largest part of the nominal assets of
the Massachusetts Benefit Life were with
the Canadian department, and 1t is under
stood that the receivers will try to come
TO some arrangement with the Canadian
authorities by which the death claims can
be paid and all funds above the amount
necessary to pay them be handed over to
the receivers. The funds of the associa-
lion in Canada consist of renl estate to
the amount of S19150 and United States
bonds on deposit with the treasury depart
ment to the amount of s112.500. The death
claims in Canada will not exceed $50, 900,
and If the receivers are successful In re-
leasing the difference between these
amounts there will b& larger dividend
10 the American claimants. The Canadi-
ans. however. have expressed their inten-
ton of paying 100 cents on a dollar to ben
eficiares Of the dead members and dividing
the balance among the living members,
and this, without much doubt, will be DONE
= \
Our assessment friends are making a
great fuss over some articles which ap-
peared in the daily papers month or so
ago regarding the liability of members of
assessment companies to pay all assess
ments made for death claims while they
were members. They say that the idea
If any liability attaching to the ho.,e:s Of
certificates in assessment companies is
preposterous They do as, they please
about paying. Suppose that we admit that.
how does it strengthen the assessment
cause? A member can so out when he
p!cases and he leaves nothing behind. If
assessments fail to meet losses he dies
and gets nothing for his fellow m sm5efs
10 not pay.-The Insurance Journal.
The herald., 1897-10-23
San Francisco Produce

Middlings. 2O.0ol22.oO; bran. 15O0@15.5O
Hay-Wheat, 12.OO015.0o; wheat and oats,
11.OOGl4.0O; oats, 10.OOq12.00 best barley,
lO.00Q12.00; alfalfa. S00Q95O; clover. 5000
1000; stock, S.O0q90o; compressed wheat,
t2.00a14.00; straw, per bale. 30Q40c
Dry Beans-Pink. 1.3591.45; lima, 1.90dD
200; small white, 1.15Q1.SO; large do, I10@
1.20.
Vegetables-Early Rose potatoes 300
40 per Genital; river burbanks, 35@45;
river reds, 4O@50; Salinas burbanks, 500
so; sweet, 75@90 per GENITAL: silverskin on
The herald., 1897-10-23

Cash quotations were as follows: Flour,
steady; No. spring wheat, S7A@s9A; No.
8 spring wheat S0dS6; No. red, 951s; No.
2 corn, 25126255s; No oats, 1874; No. 2
white, 22a2Sla, f. o. b.; No. 3 white, 2024
@22A f. o. b.; No 2 rye. 46A No. barley.
nominal; No. 8, S0@42. f. O. b.; No. 4, 27QD
81, f. o. b.; No. fax seed 1.0l1a@1.o .o5: prime
timothy Seed 2.60 mess pork. per bbl.. 500
aS.05; lard, per 100 lbs, 4.421a0445; short
ribs sides Qoose), 4.50@4SO; dry salted
shoulders (boxed) 4&@5; short clear sides
(boxed), 5@5ls; whisky, distillers' finished
goods per gal %
The herald., 1897-10-23
Silver Bullion

EW YORK. Oct. 22-Bar silver. 5SA
Mexican dollars. 45
SAN FRANCISCO, Oct. 22.-Bar silver,
57A; Mexican dollars, 45s4u46A
LONDON, Oct. 22.--Bar silver, 271sd.
The herald., 1897-10-23

certain refunding schemes have been car
ried through, considerable repayments are
expected in November, thus. to that ex-
tent. decreasing the chance of gold ex-
ports to New York. The Paris and Berlin
markets were quiet.
The herald., 1897-10-23
Boston Quotations

BOSTON. Oct. 22.-Atchison. 1874; Bell
Telephone. 260: Burlington, 95A; Mexican
Central, 57s; Oregon Short Line, 1S1a.
The herald., 1897-10-23
Petroleum

OIL CITY, Pa, Oct. 22.-Credit balances,
Co; certificates, no bids.
Shipments, 141, ,239 barrels; runs, 102,613
barrels.
NEW YORK, Oct. 22.-Petroleum was
dull; Pennsylvania crude, nominally IS.
The herald., 1897-10-23

firm at Is I'd; No. red northern spring.
new, firm at rs I'd.
Corn - Spot American mixed, firm at
IS 11ad; October, dull at IS I'D; November,
dull at 3s 11sd December, dull at IS 11sd.
The herald., 1897-10-23
Mining Stock Quotations

The following are the closing quotations
on the Mining exchange today:
Name OF Stock Bid. Asked. Sales.
Brown Dake......
East Amargosa :. $50 5.75
Gold Bug.......... IL
Lucky star....... 5.75 900
Magganetta 3% 10000 sA
10000 sZ
Old Dominon.....
Pacific Con.......14.5o 1890 5000 IL
2oooO ~
50oo9 11a
2O00914.5O
Rand Mt........... 500 1900
Wedge ............ 2 2%
Unlisted Active
Iron Mt.......... l
Little Butte...... 20
Mohawk .......... X
Val Verde. ........ ~
Amargosa ....... % 2S
Motave ............ 400 $50
Napoleon ........ 10
The herald., 1897-10-23
California Fruit Sales

CHICAGO. Oct 22.-The Earl Fruit COM
pany sold today:
Grapes-Tokays (single crates), 10O61. go;
average 49, Muscats 1.O0@1.15; Morocco,
LEO; Cornichon. 1.60
NEW YORK. Oct. 22.-The Earl Fruit
company sold today:
Grapes-Tokays (single crates), S0cG1. 80;
average, LOO: double crates, 2.1562 30; av-
erage, 214; Cornichon, single crates, 1.256
1876; average. 2.14; Cornichon, single crates.
1.25Q1.35; average, 1.29 Emperor, los.
The herald., 1897-10-23
Roud List

NEW YORK, Oct 22.-The following
were the closing quotations on bonds to-
The herald., 1897-10-23
Mining Stocks

SAN FRANCISCO. Oct. 22.-The closing
quotations for mining stocks today were
foI1OwS.
The herald., 1897-10-23
Z Glass & Long
BoOkbinders ana
3 Blank Book Manufacturers
2l3-2l5 New High St.
Phone M 535 Los Angeles.
EIDELITY SAVINGS AND LOAN
ASSOCIATION

OFFICE 1872 NORTH SPRING STREET
Fl G. tundrem, Secy.; VIM A. Spalding Pres;
Southern California Savings Bank. Treas.
The herald., 1897-10-23
Receipts. Shipments.

On the Produce Exchange today the bus
ter market was firm; creameries. 15@22;
dairies. 12d19 Cheese was quiet at 8QS1a.
Eggs were firm; fresh 11h.
The herald., 1897-10-23
Liverpool Market

LIVERPOOL. Oct. % (s:l5 p. M. closing)
No. red western winter,
The herald., 1897-10-23
Dried Fruit Prices

NEW YORK, Oct. 22.-California dried
fruits-Firm.
Evaporated apples-Common, 5@7; prime
wire tray, S1s; wood dried, prime, 8: choice,
ISA69 fancy. $685..
Prunes, 5@SA.
Apricots-Royal 1854 Moorpark, 9a11
Peaches-Unpeeled, 7G11; peeled, 121z@17.
The herald., 1897-10-23
Closing Stocks

NEW YORK. Oct. 22.-The following
we're the closing stock quotations today:
A +o1,;cor 1877 do MD - 81,
The Topeka state journal., 1897-12-15
ELOTHERlUM FOR CHICAGO
Mons ter of a Past Age for the Field
Museum Collection.

Chicago, Dec. 15.-An e1Other1um is on
the way to Chicago. So far as is known
he has no relatives living near Lake
Michigan and his immediate ancestors
are unknown to the oldest inha bitant.
Prof c. O. Harrington of the Field Mu-
scum. will introduce the stranger.
Professor Harrington has not yet been
able to fully trace the ancestry of the
hightoned elOtherium, but he believes
that some of the blue blood of the anO-
plotherium commune once flowed In his
veins. The learned geOlogist and biolo-
gist thinks that such evidence ought to
be sufficient for an introduction to the
most exclusive circles among megather-
iums, dinotheriUms, mammoths and
mastOdOns who have their home In the
museum at Jackson park.
The exact location where Professor
Harrington found his new acquaintance
is not known in Chicago. 1t was some
where up in the Bad Lands, fifty miles
or so east of Rapid City, S. D. The
professor is on "a geological expedition
in the interest of the Field Columbian
museum, and it was on one of his jour
neys in that region of bad roads and
worse Indians that he came across the
freak.
Several specimens similar to the one
found by Professor Harrington have
been unearthed in New Mexico and Ar
izona, but if reports are true the last
find is the king pin of them all. Com
plete specimens of any of the prehiStOr-
ic mammals and sea monsters are ex-
tremely rare. Professor FarringtOn's
curiosity is the most complete specimen
found up to date.