davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-02

weather West and Northwest. At the primary mar.
kets the receipts $4,000 bushels compares
with 5s2 900 bushels last year; the Northwest Aad
296 cars against 282 a week ago and % year aso
The Northwest had much TO say about hailstorrns
in North Dakota They were considered local and
not covering enough area TO be an important mar.
ket influence. Cables. English and Continental.
were all off slightly; but not In comparison with
the decline here Monday. Clearances were Slsor
bushels There was no shipping demand anywhere
nothing here: practically no export business at thu
seaboard Red winter wheat also was around M
or relatively sc cheaper than Chicago, freights con-
sidered There decrease In the worlds vf,
bic Of 352 900 bushels besrish figure in view Of ths
decrease last year Of 5714,co) bushels Snow est.
mated the winter wheat yield at from 2SoJ0o,oo IA
2s0000JO bushels threshing tests showing hsf
bushel per acre better than anticipated. He est.
mated the spring wheat az rs, 900 900 bushels or 4
total crop OF 56O000,CO0 bushels. There no i'm.
portant feature 10 the speculative trade. Protes.
SIGNALS were inclined sell the market untl
some thing Of bull sort turns up shorts prac.
tiesily the only buyers
Corn lost &c and closed without any rally. Sep
TENDER sold from 3O2c TO 3oc bid and closed a,
30c 10 1ihc December closed az 23Ac: May
2s%025lac The corn States had additional rama
Liverpool was I'D lower Receipts were @l cars.
with $50 cars for Tuesday Spring sales here were
about 10000 bushels with cash corn AZ fractional
premium Liquidation was the OECef OF the day.
The important selling was by Harris. a long line
which has been carried for a rich Iowan for many
months Corn receipts are likely to be smaller
from this time on Cash handlers are not bearish;
particularly not bearish on the December.
Oats lost &c 10 &c and closed at the bottom:
September lsc; May. Hc 10 2iisc. Receipts were
sa2 cars with 80 cars for Wednesday. There
seemed 10 be no bulls In the market Cash
handlers however considered the price low enough
The contract stock 5000 bushels. showed an In
crease for the week Of $4,000 bushels
Flaxseed was quiet, prices practically the sams
as Monday. September. 95N October, s5z MIN.
neapolis had cars. Duluth and Chicago IL
Crop prospects are high; the area large.
Provisions were steady. closing shade over
Monday pork and lard 2izc over; ribs unchanged
TO PIC over Packers were the buyers There
continued some outside liquidation on the yellow
fever fears. The fact thai the pest dd not spread
outside OF the Soldiers Home az Hampton en-
couraged some buying There continues, however.
great tlmdty Liverpool was little lower on
bacon and lard There were large export Gales
of lard Hogs were 10 10 l5c lower.
on the curb puts on September wheat closed at
ssi5Tss5sc calls 69ilGs9s.c Puts on September
corn closed at 2sIsG}oc; calls, SoisG3o4c.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-02
WALL STREET AND EXCHANGES

OUTSIDE SECURITIES MARKET.-The outside
securities market closed strong and active. Re-
public Steel Issues the features throughout the
day The preferred stock showed net gain OF z
points while the common advanced III. St Louis
subs" were also strong features, advancing AZ
points from the opening. closing az l30i2G13ll3
Standard OIL closed at 455G460, against iG2qis5 on
Monday Last prices on other prominent issues
were: Amsterdam Gas. &d3r4; preferred. 59Q60;
Air Power. 11.; Bay State Gas. l9sal7s; Amalga-
mated Copper 97Q9s Republic Steel, 2pq9(aa; pre-
ferred ga, q6g3 Havana Commercial. 26{l27A; pre-
ferred. s6GoI2; Electric Vehicle, ssQlO0; Union Steel
and Chain. 2sd29lk; preferred. 6SaqeSss Rubber
Goods common 30A6aA; preferred. SASSY.
FOREIGN TRADING.-London bought about 25-
900 shares in the local market and sold upward OF
10000 shares. The heaviest purchases were in
Atchison preferred.
of New York ard James S. Kuhn, OF Pittsburg,
pere to-day elected directors OF the North Amer-
can Trust Company.
MONEY MARKET CHANGEs.-Money rates
were unchanged yesterday save for temporary
advance in call funds AZ per cent. and sterling
exchange was again weaker. Out OF town banking
institutions are lending money in this city and the
local supplies are Increasing from Government in
ierest payments An interior bank lent 5000 90
in the local market yesterday
STANDARD OIL DIVIDEND-Th liqTdating
trustees Of the Standard OIL Company declared
Yesterday regular quarterly dividend Of per
cent and an extra dividend Of per cent Suose-
ouently tie Standard oil company Of New Jersey,
which has taken over more than a majority OF the
stock Of the old comrany, declared dividend OF
3 per cent. payable September Is
IRON MOUNTAIN BONDS-The first and sec
ond mortgages OF the 81. Louis, Iron Mountain and
Southern Railway Company having been paid OF
and cancelled, the general consolidated per cent
mortgage becomes the first lien on the whole OF the
road ie9 miles These bonds available
for the purposes OF such corporations. trusts etc,
that are by terms confined 10 the purchase Of the
first mortgage bonds. The bonds. having thirty
years to run would yield per cent al 100
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-02
THE INDUSTRIAL STOCKS.

Industrial stocks promise to receive considerable
attention in the market this month, despite the
fact that the speculation in many OF the issues
left a number OF traders high and dry last spring.
There are many ndustrials that safe and
solid railway stocks, and an indiscriminate
condemnation OF the preferred industrial stock is
not fair. nor is it based upon reasonable argument.
OF course many OF the new stocks have yet 10
prove their value. and the common shares In par
ticular of a number OF concerns are well worth
avoiding The public. however. is not likely to take
much account Of intrinsic worth when attracted to
a stock by rapid upward movement; but for the
benefit of the traders who do think something
about actual value the suggestion Is made that the
great mass Of common stocks that represent little
else than a bonus received by the promoters and
by the concerns that sold out to the trusts have
not been widely distributed, and that upon any ad-
vance this summer the public is quite likely 10 be
come the largest owner of these securities The
preferred stocks OF the greater number OF new in
dustral concerns have merit, and the common
stocks In instances. possess valuable equities
The new ndustrials however, are seasoning
rapidly. and If the public buyer will take the
trouble 10 inquire OF any reputable banking house
regarding values and opportunities IN the indus
trial issues he will probably enjoy good specua
tive Fronts. or find safe investment for his money
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-02
sEs dividend
BONDS.
THE DAYS OPERATIONS IN STOCKS.

Tho stuck market developed further improve
,,art Yesterday. AS a rule, quotations were
above Mondays closing level, and throughout
the list the volume Of business was heavier
while transactions were better distributed IMAM
recently recorded The splendid outlook for 'he
crops. the increasing demand abroad FOR Annerl-
can hreadstuffs and manufactured articles, big
railroad earnings and large bank clearlhss arc
hegtnnins 10 have a material influence upon
sneculative sentiment. Factors of this character
seem 70 overshadow the low condition Of local
hank reserves, The possibility of dearer money
&c not now seriously considered. however be-
cause the drop in sterling exchange has con-
WINGED the Street that present high rates FOR
sterline are In a measure artificial. while in
ducing the belief that gold imports Will be mace
This fall in sufficient quantity TO prevent any
monetary stringency that otherwise might de-
velop as the result of active trade and active
speculation.
Europe cannot prevent a movement OF gold
this way in the fall If gold is not needed mere
local bankers may lend their balances ABROAD
but as far as controlling the international eH-
change market is concerned, Europe Will DC
helpless The enormous trade balance IN this
country's favor in the last two years was llqui-
dated In great part by the sale or Foreign heio
American securities. Just now, however IL ap-
probable tndt Europe holu4H6S OA <N'i4N-
lean securities available for paying trade debts
are extremely limited, and It is therefore reason
able 10 assume that this country occupies most
favorable position, and practically controls the
International exchange and foreign money mar
kets If Europe is forced to send gold here in
the fall its own money markets are likely TO
suffer to a considerable extent. Exports OF grain
in the autumn will most certainly be heavy ana
from present indications the outgo OF manufact-
,,res will be we'll above the record OF preceding
wears. In addition European investors may De
large buyers Of American securities, as foreign
sentiment is daily becoming more bullish on
American rails" This country could easily I'M
MORT from SIS 900 900 to $10O.0O0,0OO gold. and
~ Europe borrows in trade balance account its
obligations will be still greater. The foreign
trade situation is a most important bull FACTOR
that ought to be reflected in an advancing mar
ket for securities.
Stocks were strong the greater part or the
day Realizing sales in the afternoon left last
prices under the best. but in the greater num-
her of issues net gains were shown. tenn
porary advance in call money TO Az per cent
and rumors Of Stock Exchange panic IN Mon
treal encouraged bear activity, but no important
results were accomplished The greatest strength
was exhibited by the local traction shares, the
tndustrials and some Of the specialties. The ten
dency TO take profits was pronounced but there
Was a fair new demand from commission
houses while on all reactions stocks were well
taken by a substantial class Of buyers.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-02
GLUCOSE COMPANY AFFAIRS.

The Glucose Sugar Refining Company has de-
clared the regular quarterly dividend OF IA per
cent on its preferred stock and the regular quar-
tery dividend OF IL per cent on its common stock.
both payable on September L The earnings from
August l. 1898 TO July 81, 1899 amounted to 50 $50 600
There has been written for construction $3.50
600 and for repairs and improvements 800 OOO leav
ing q balance Of 100000. The stockholders OF the
company were in session in Jersey City yesterday
There was no change In the Board OF Directors
In the annual report OF President c. H Matthessen
OF the Glucose Sugar Refining Company the state
nent is made that the volume of business OF the
company for the fiscal year ended July l. 1899
showed a Increase OF % per over that OF the
preceding year. The number of bushels OF corn
ground for the year 100000. or 100000 more
fhan for the year before. The additions and i'm
provements made 10 several OF the plants have
given the company a capacity TO grind 10000
bushels a day
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-02
RAILROAD EARNINGS.

Railroad earnings received yesterday. while few
in number showed the same noteworthy improve
ment that has been characteristic OF railway re-
turns for so long a time. The enormous increase
In Atchson for June is commented upon else
where in this column. The gain Of 1884 net In
Union Pacific for June was one OF the encourage
ing features Of the days reports. Union Pacific,
IT may be recalled earned per cent last year on
both classes OF stocks, although paying only per
cent on the preferred and nothing on the common.
The policy Of the company is most conserva tive,
the idea Of the management being to spend vast
sums on the physical condition OF the property and
to put the company in a position that will pre-
cude the possibility OF the suspension Of divi-
dends when they begin both stocks. II
yet been decided whether or not the pre-
ferred dividend will be raised to per cent this
year. The June statements received yesterday
showed the following gains in net earnings:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-02

ses 2as SOS: balances. N.s6l.6S Phiiaoeipnia~
changes s15622.l57: balances. S.sdAA Chicaso-
Tycbanses S1 3ss. 12s: balances. Ss,o5S.SSl.
FOREIGN MONEY MARKET.-Cal money IN
London. 2h per cent Open market discount rate
s7Is per cent for short and S7-l6aas per cent ior
long bills Berlin discount rate S% per cent Der
lin exchange on London. 20 marks St pienhss'
Paris exchange on London, 25 francs % centimeS'
Paris discount rate. 2S per cent $40.
TOpEICN SECURITIES British consols l6s
for money and lOs ll-l6 for the account French
rsntes 100 francs 67la centmes Spanish IS IN Lon
don. 60%
THE SILVER MARKET--Bar silver, SOSsc; Mex
lean silver dollars. 4sc. Bar silver IN Lohoon'
2A.d.
Buenos Ayres. u470: Rome. 755
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-02
LOUISVILLE AND NAsHvILLE's GROWTH

Louisville and Nashville is making great record
OF earnings this year. In four days, from July "a
to July Is inclusive. earnings amounted to $4,000
the biggest record for four days in the history
OF the company For the year ended June 90 the
company's gross revenue was over S23 10000. as
against s2l 10000 in the preceding year and at
the current rate of improvement tho present year
should show gross revenue of above 27,OOoNo
Some authorities. however predict that Louisville
and Nashville will return earnings this year
Of s29 10000 The road has been put in such
splendid physical condition and the company
fnances have been ably handled that the line
is now in excellent condition to profit to the fullest
possible extent from the increase in merchandise
traffic incident to business prosperity. The IN
creased earnings resulting from this prosperity
will not be swallowed up in operating expenses.
The company suspended dividends for five years,
and In that time it arranged its affairs IN ex-
pectation of coming seasons OF plenty Stock
holders will get the benefit Of big earnings.
There have been various rumors from time to
time intimating that there would be some i'm
portant development in Louisville and Nashville
affairs but yet one has been able to an
nounce It's character.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-02
'Fx interest

RAILROAD BONDs.-Market strong Total sales
amounted in par value TO s2247.5o against s. 95oO
on Monday The heaviest dealings were in the
Atchison and Baltimore and Ohio issues Brooklyn
Rapid Transit IS, Central Georgia 5s Chesapeake
and Ohio 4zs Colorado Fuel and Iron IS, Erie gen.
eral As Kansas City, Pttsburg and Gulf lists, Mexi
can international LIST As, Missouri. Kansas and
Texas 2ds, Missouri Pacific 5s Missouri Pacific LIST
collateral IS, Reading general As, St Louis South
western lists. ST. Louis Southwestern 2ds Southern
Railway LIST IS. Standard Rope and Irvine inc,
Union Pacific Is and Wabash debenture Bs.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-02

ment was Induced to work on the long side, owing
70 the Increased commission house buying and ar
bitrase purchases After the early advance realiz-
ing sales were freely INDUCED in but the new buy
ing easily absorbed all offerings Atchison pre-
ferred was strong on local and foreign buying. Chi
caso Great Western debentures made a new high
record Manhattan was strong good commits
sion house buying and the coalers advanced on pool
buying Delaware. Lackawanna and western
selling at its highest price In many years
The Tobacco stocks were strong on pool sup
port and Colorado Southern issues enjoyed sharp
advances on scattered buying. Some OF the
more important buyers and sellers were: Atchi-
son preferred, Rolston e. Bass and Housman
bought: Henry Brothers sold Sugar Content
bought. Chicago. Burlington and Quincy, Goodhart
bought Union Pacific. Brown Brothers 60
bought. Manhattan. Halle &c Stiegltz bought
Southern Pacific. Housman and London bought
Brooklyn Rapid Transit. Halle & segGtz 9og sr,o
and Western, T. B. Williams bought. Nanha Manhattan
Tobacco. Ulman Brothers bought. American 10,
bacco Seymour j. Co. uI pas br9tne Wai nne
E c. Randolph. Allen & CO end and aoff ma
Brothers bought Houghasng ana E 70 S9
Provost Brothers Dominick & Dominick s. Barr
Barnes Br9theTs and D. Hooper o Pst Fagg
sold Missouri Pacific. II. Lapsley and Amy &
GH 2oqs9t s sod tan
and Cooper bought Bacon I'D Norrhe W., pscr
Moore & Schley bought Seligsberg sold; BROOKLYN
bought st Paul Housmsn McI Tsp & e W S,sr6
berger bought; H. Groesbeck and Goodchild sold
SEYMOUR Co sold Manhattan and a- 6oGgfn
Rapid Transit Mcintyre & Wardwell and Hous-
man bought: Hotchkiss sold; selling y, scattered
Dodge bought Atchison. London bought; Rock
Island Flower & Co bought American Tobacco.
Wormser and Ulman Brothers bought: Moore q
Schey sold. Rock Island z. Chaplin and Housman
bought Missouri Pacific, F.. 7. Adams oougnt'
Stokes sold Sugar. Halle and Stieglitz bought
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-02
CHARACTER OF TRADING.

Total sales OF stocks amounted TO more than 800.
90 shares Of which American Tobacco Steel and
Wire Sugar Refining. Atchison preferred Brooklyn
Rapid Transit Rock Island, st. Paul. Continental
Tobacco Manhattan. Missouri Pacific Northern
Pacinc. Southern Pacific and Union Pacific sup
piled one-half. There was active buying for
both accounts throughout the list The room ele-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-02
AMERICAN SECURITIES ABROAD.

London. Aug. !, p m--Amercan securities
opened better and improved somewhat but later
eased off and closed steady. Last prices were:
Atchison. %: Canadian Pacific. 1903 St. Paul. 1877:
Illinois Central, 1s3. Louisville and Nashville 71s
Union Pacific preferred, Si3: New-York Central
1882; Erie. IA Pennsylvania, 7OA Reading. IL; Erie
LIST preferred. Ss7s; Northern Pacific preferred sN.
Grand Trunk. 77s: Anaconda, n1%.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-02
THE TRADE " CHICAGO.

Chicago. Aug. (speciaD.-Wheat lost isgac and
closed at the bottom 1t was the old story In
explanation OF the weakness large receipts, poor
spring demand and absence OF speculation, An es-
pecally depressing circumstance was severe
break In corn. September wheat opened at 6sAsc.
sold between se7sG7oc and 6sc. and closed at 6ssc
December closed at nhqTiAc There was favorable
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-02

DOMESTIC Orleans - Com
mercial, soc discount; bank. SOC premium. San
Francieco-Sight. l0c; telegraph. l2izc Cincinnati
Over the counter SOC premium; between banks, par
NC bid 4Oc asked, discount Ssvannah-Buying.
I-iec discount selling 75c per 1900 premium
Charleston-Buying. par; selling, &c premium.
Boston-par ard SC premium. Chicsgo-2oc dis
BANK CLEARINGS. - observation-disclosures.
CS1al7O; balances, $S,557,2A. Observation-Disclosures.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-02
MONEY AND EXCHANGE.

MONEY RATES.-Money CALL 3% per cent
with exceptions at SizdHs per cent The time money
market was quiet and easier in tone at 4@4A per
cent for sixty days Az per cent for three months
~ per cent for four months, Az per cent for six
months on railroad collateral and above on mixed
collateral Commercial paper rates 4941z per
cent for three months iq4h per cent for four
months and 4i1q5 per cent for six months for the
best names and above for paper not so we'll known
FOREIGN EXCHANGE-Market weak Actual
closing rates follow
Gables. Sight. Sixty days
Sterling A S8x 4s6q4 S6H 4s3q4 So
Frarcs 5l7A-l-l5 6lSAl-l695 Sh-l-l6 n y 10 204
Rchsrn ks. 95A - l5-l6q9o "a 5-loqyi .
Cuilcers.. 40 I-l6Q4OA 80 l3-I6a39h
Itdnkers' nosfed rates were;
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-02
Imited States
@tortaxte 4 Grmst ca

80 CEDAR STREET. NEW YORK:
CAPITAL ................x 2.OOO,0USO
SURPLUS ................ SI,ooo'ooV
Transacts a General Banking Business.
Arows Interest on Deposits subject to ehecs 4
Is Legal Depository for Court &Trust Funds !
Acts as Fiscal Agent for Cities q Corporations
Buys and sells Foreign Exchange.
Issues Commercial and TrGellers' Cred'ss
Available in all parts Of the uorld'
Loans money on Bond and Mortgage
Issues First Mortgage Trust Gold Bonds. :,
Actsas Trustee, Registrar & Transfer Agsrs
Transacts q General Trust Business.
OFFICERS.
fe9Gse K "; n3nns. .vice.President
James TtmpsOn.. I'd Nice-Prdds
Arthur Turnbull. Sd Nfce-Presldent
Clark Williams. .Ireasurcr
william p. Elliott. secre.ry
Richard N. Hurd. .A.st Trcssure,
Alexander Phillips. Man'g For Deps
DIRECTORS.
Samuel ID. Babcock, -,
VIM. n. Baldwin, Jr., Gustsy z hisseA
Frederick o. Barton. Luther NOUNS,
X LedyaCrIi .r pan Richard A. McCurdys
CHARLES n DIckey Theodore Morford'
William p Dixon. Robert olyphant,
Robert A. Granniss. Sharles " -
G. G Haven. Jr.. James Ii ,nl
Charles r. Henderson, Eben Is InS S,n.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-02
financial.
TO THE HOLDERS OF
Pittsburgh, gainesville & Fairpot R. R.
F:rsts so Mortgage Bonds, Due 1916.

In view Of the early reorganization Of the Pttsb1rgt
ard Western Railway Co. Of which system your property
IS an essential part and in consideration Of the fact
IL Is proposed appropriate out OF earnings SUN
Gent to meet some extraordinary expenditures thereby
imperilng the payment the interest your Bonds
is deemed OF the utmost importance that Bondhol1ers
should unite for mutual protection.
Therefore the undersigned representing majority ot
the ISSUE Join them. by deposltng your Bonds
with The Mercantile Trust Co. No 10 Broadway on oe
before the LIST Of September, 1899
Negotiable certificates will be issued 10 depositors
Copies Of Bondhoders agreement can be obtained
the Office Of the Trust Company Of either ore OF ths
Bondholders' Committee.
CYRUS j. LAWRENCE. No. 81 Broad St .
F. j. LISMAN. No 30 Broad ST.
JAMES III. OLIPHANT, No. 20 Broad - +
ALVIN w. KRECH. No. I'D Broadway. I
New York July -. 1899
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-02
EXPORTS OF MERCHANDISE.

Port OF New-York- 1871 lSSo. 40 io ococ,
Week ending Aug l.. f7926 80 sSooS3I5 800 o 6ts s
FROM January L.. 236 0oi 1875 2a765lOol 1S1 265
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-02
STOCKS AGAIN HIGHER.
INDUSTRLALS IN DEMAND.

REACTIONS IN THE AFTERNOON oN
REALIZING sALEs-MoNEY
AND EXCHANGE.
Closing prices yesterday OF the prin.'p",
tive securities and net changes lroin '"'
sales were
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-02

Acl cash bal $3.50 46 s274 s44 1877 Dec 1896 249
GOVERNMENT RECEIPTS.-Customs receipts
reported from Washington SPA $50 internal revenue
receipts, 1922 402; miscellaneous receipts $5SsiS;
total receipts 81 o7S13l expenditures Si79,cm Re-
ceipts for month to date. N,076l3l; expenditures,
81 40 900: excess OF expenditures 81 $50 Receipts
Of National bank notes for redemption, s2Ol,ce.
CONSOLIDATED EXCHANGE SALES.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-02
STREET RAILROADS IN OTHER CITIES

GAS SECURITIES.
CReported by C. l. Hudson Co. Nos "a & SO "aii-st'
BONDS.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-02
THE DAYS OPERATIONS IN BONDS.
GOVERNMENT BONDS-Market steady. Final

HoN LINN W G-N 4
quotations follow: