davidaulloa/AmericanStories huggingface dataset:
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-01
THE MARKET ELSEWHERE.

New York, July 31.-There were a
number of depressing influences
brought to bear on the stock market
today and prices opened lower, but
later there wasoa rally, and the close
was strong. Most conspicuous Of the
depressing influences was the reported
outbreak Of yellow fever at Hampton,
Va. soldiers home The group of rail-
roads liable to suffer from yellow
fever epidemic in the resulting quar-
antines have been favorites in the re-
cent speculation, especially on the part
of London. A setback to them there
fore was calculated to have far
reaching influence in the general list.
L. and N. did, in fact, open down
Ia and the Norfolk and Western
stocks, Southern Railway Indianapo-
lis, COLUMBUS and Ohio were depressed,
and ruled below Saturdays level all
day, only fully recovering in the late
dealings. The exhibit of the associated
banks in the Saturdays statement also
had considerable influence on the early
dealings. A decrease of nearly 10000
tons in.-the, east bound Shipments of
freight from Chicago, as compared
with last weeks movement, had a ra-
Their hating effect on railroads. The eff
feet of these combined influences was
to turn the tide of speculation at first
from the railroads into the industrials.
The stocks Of iron and steel compan-
les were quite largely bought, but the
earlier strength was confined to a few
Of them. Federal Steel, Tennessee Coal,
Steel and Wire and American Smelling,
being the exceptions to the early
strength. Later the entire group was
affected gains running from to / "a,
the latter in Pressed Steel Car Amer
lean Tin Plate, American Hoop,
American Car and Foundry and Amer
lean Smelling, all shared in the move
ment.
The Tobacco stocks were strong and
Peoples Gas moved upward on the dec
laration of the quarterly dividend.
There was the early depression in Su-
gar on a report of additional compet-
ton in prospect, and when this stock
rallied strongly, 2 SIS from the low
point, the last evidence Of weakness
was dissipated
The strength and activity Of the rail-
road stocks was much augmented In
the late dealings, very heavy blocks be-
ing absorbed There was continued buy
ing of Southern Pacific and Central
Pacific, which gained about two points
each. Northern Pacific, Union Pacific
Atchison preferred and ST. Louis and
San Francisco first preferred, rose from
to 3 points.
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-01
UNIQUE RAILROAD.

Two millionaires to the mile is the
average of the new Chestnut Ridge
railroad, which connects Knuckletown
with the High Gap. in Carbon county.
The trains wererun today. Its owners,
majority of whom are from New
York, are twenty-five milhonaires and
half dozen other wealthy.and infiuen-
tial men. No'other railway built for
profit can boast of such an ownership.
The millionaires are ]. Pierpant Nor
gan, John Jacob Aston, Howard Could
George A. Helme, General Il. Il. Tracy
j. S. Sutphen, ST., end j. s. Sutphen,
Jr., Clarence Mackay, Frederick Booss'
Theodore Hagaman, Harry Payne.
Whitney, M. A. He!me Anthony Drex-
el Biddle, G. Reusens, John ]. Phelps.
United States Senator William A,
Clark, George w. Gail, Of Baltimore,
F. c. Sayles of Providence, E. c. Pot
ter George Crocler of California.
Chauncey Depew and w. Il. d. Stokes
John Vincent Dahgren, the president.
is responsible for the inception of the
railroad, and 1t was built at an average
cost, including equipment, Of 100000 a
mile.
There Is no presidents private oar
and no passenger trairs are likely Ia
be put on for a year. Meanwhile the
farmers may ride on the freight cars
just as often as they please, and nor
even pass will be required. The road
Will haul to market the large products
OF the Pennsylvania Clay Brick and
Tile Manufacturing company, in which
number OF the above millionaires are
interested
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-01
The Great Lakes Copper Co,
Capital $3,OOO,OOO. ParV alue$5.OO
WORCESTERSHIRE.
JOHN MCKINLEY, oeRffsAE SGANAe5r
Mines Located at and Near Sudbury, Ontario

Page S')
of epN Poun9s pei
ofw poun of 0
profitable
written tons OF printed uoc
discovered
BEING PLACED N POSITION ONE NINE HAS BHS
FEET LARGE QUANTITIES OF Ott ARE ON
COPPER MATTE WITHIN 80 DAYS
INTRODUCES DOWN COP
PER A HAND
SOME NICKEL AND OTHER BY-PRoDUCTs
FIFTY THOUSAND
sgBscRfPTIoN hooks OPEN,
AUGUST O'Clock p
90 STATE STREET, BOSTON.
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-01
FINANCIAL AND COMMERCIAL.

throughout, and Lackawanna was con-
spicuous for an upward movement OF
1 1-2 points. Pittsburg, C. C. and st.
Louis rose three points. Sterling was
notably weak, dropping IL cent, and
the posted rates dropped 1 cent. There
was an abundance of commercial bills
in the market for future delivery
against exports, and the brokers sold
short bills against them. This and the
continued bidding for commercial pa
per on behalf of outside capital, tended
to relieve anxiety on the money ques-
ton.
There was considerable selling of the
bonds of Northwestern railways which
lost something in prices. Otherwise
bond prices were unchanged or higher.
Total sales, par value S2,S74,OO0. U. s.
Is and IS coupon advanced Ia in the
bid price,
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-01
BANKRUPT BANK BOOMS.
Chicago Bank, 20 Years in
Receivers Hands, Way
Above Par.

Chicago, August Twenty two
years ago the Third National bank OF
Chicago closed it's doors, a victim OF
hard times. Today its stock is a gilt
edged security and cannot be bought
for twice its value.
During all these years the bank mas
had no home, no deposits, no drafts
no clerks, no offices, no banking bust
ness at all, yet it's stock has more than
doubled
The nominal assets of the bank in
1877 were $1,S00, 000 it's debts about
s1,000000, leaving on paper $500, 900 to
pay $750,000 in stock. Much of the as
sets, however, was real estate, taken
by mortgage, and could not be realized
upon.
OF the real estate one tract of 100
acres lay on sand ridge near the lake
shore, nearly 10 miles southeast of the
city hall, in wholly unsettled region
Another tract of As acres was nearly
as far west on the bare prairie, where
there was little prospect of its being
anything more than a cabbage paIch.
Still another piece of property lay far
out in the southwestern portion of the
city, in a region almost wholly unde-
veloped.
Most of the stockholders would glad
lyl have sold their stock for 25 cents on
the dollar But the receiver, Col. II. w
Jackson, was 9 true Chicago man. He
had faith in his city. In four years he
had paid the depositors in full. In an
other year they began to get interest
on their deposits. BY this time every
thing was sold but the two undesira-
BILE lots near the city. But Chicago was
growing and these lots became Yalua-
BILE real estate.
In July, 1891, the receiver called the
stockholders together and laid before
them an offer of $1,000,000 for the 100
acres, and the stockholders rejected It.
If the offer had been accepted it would
have paid off the capital stock of $3.50
600 and left $250,o00 to be divided among
the stockholders The 45 acre cabbage
patch became valuable. Car lines
passed it, the suburb of Oak park grew
out around it, and every year has aqo-
ed thousands of dollars to its value.
Under the receivers care the bank
has been as fortunate as It was un-
fortunate while it was in the hands OF
the directory. One asset marked
doubtful" the bonds of an absorbed
railroad company, yielded more than
$50, 900 at the close of case that went
to the supreme court. A Wisconsin
gas company, after lying dormant for
years, paid a large percentage OF Its
worthless bonds
So the Third National bank of Chi
cago now presents the spectacle, UNI
equaled in finance, of business insti-
tuition for 20 years defunct, yet whose
stock is worth double its par value.
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-01
SHOWS MORE LIFE.
Wall Street Stock
Market is Strong
and Active.
BEARS OPPOSE ADVANCE.
Copper Shares in Demand
in Boston-News
and Notes.
BEARS OPPOSE ADVANCE.

The advance in the securities mark
cts, which began last week, continued
yesterday, but not without strong OPP
position on the part of the bears, who
were confident of their ability to make
an impression on the market on ac-
count of the yellow fever reports from
the south.
The latter did not prove at all Sc
rious., however, and the bull cliques,
which were interested in bidding prices
up, were reinforced by numerous buy
ing orders which the commission brok-
ers received. The yellow fever reports
particularly affected the southern roads
at the opening. Louisville dropped ~
and Norfolk preferred q. Otherwise
the tendency was upwards, the Iron
and Steel stocks being uniformly
strong. Tobacco, after dipping frac-
ton, rallied 5-S points.
Efforts to check the rising tendency
of the industrial division proved I'M
availing, although a vigorous attack
was made on Sugar and Tobacco.
Brooklyn Transit was offered freely.
Meanwhile, pressure being removed
from the southern group. the shares
rallied easily and there was a brisk de-
other sections. Exceptional strength
was displayed by Chicago Great West
ern debentures, Lackawanna, Delaware
& Hudson, Panhandle, Peoples Gas
and the principal iron and steel stocks,
exeent Federal Steel. The preferred
stock of the latter lost IS. Reports of
new competition in the sugar trade
caused renewed selling of American
Sugar, but it rallied ga from the low
mint nP
fractional except for Lackawanna,
which rose 2le. Southern and Central
Pacific gained a point each Rock Is
land was advanced *. Federal Steel,
which Jagged early, was run up a
point improvements of one to two
points were common In the general run
of specialties, but the railways were
lesssstrong. Bonds were in fair de-
mand.
With the exception of Arcadian and
Osceoia, the Boston stock market con-
tinued dull and uninteresting. The
former opened a point higher at TN,
lost to 10, and then rallied to II. Osce-
ola sold at SO and 80 for odd lots. Bos-
ton & Maine gained a point to 204, its
previous highest point, Utah varied
between 431a and 441a Copper Range
was up 1 at 45, but lost to 441a Mon
tana sold at S55, a gain of a point Calu-
met at $40 was unchanged, as was Bell
Telephone at $50, and Mexican Tele-
phone at 4. New England Telephone
sold at 140, and Dominion Coal at 51N
Lamson came out at 81, and West End
at IS. Bid and asked prices still con-
tinue far apart.
The following quotations were made
on the Boston exchange yesterday on
1tocks held in Worcester and vicinity:
TIT EDEInNIc cnnfsTycJ
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-01
CUT RATES; YARMOUTH AND RE-
TURN S7.0n

All lines to provinces; new line 10
New York Healy's Ticket Agency, &C
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-01
BOMBS.

THE CHICAGO MARKET.
(Reported by J. L. Mclean & Coy
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-01

The mead Of one. of the leading COM
mission houses says: 1.-The market
SLOWS. good conditions and I predict
an advance before long in the industrial
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-01
CHoward, Crosby & Co.'S Boston Letter,

Howard, Crosby & Co.'S Boston letter.
Boston, July 31-Wheat opened weak for
September at from S to 11sc, Saturday S
closing price; Liverpool opened IA lower
and closed 1h-Ssd lower, and the world S
shipments for the week at 7,S50,000 bush
els is about double last years The grain
markets in some measure felt the yellow
fever talk from Newport News and the
narrow trading resulted in1 very little
change In prices. The visible supply OF
wheat Increased 10000 bushels. The wea-
Their map shows further rain in the corn
states, with few light showers in the
northwest. English country markets were
dull, and French country markets weak
Wheat on passage to the United King
dom Is 100000 Qrtrs; to the continent
1880, 900 qrtrs; Russian shipments OF
wheat ll7,ooo qrtrs.,
given US much lower degrees of tempera-
ture, in some places quite close to the
frost line, but 50 far without any calam-
lty, Winter wheat growers are inclined
TO hold whatever small surplus of wheat
they may have of this years crop and
collectively farmers are not Inclined TO
part with their reserves at present prices.
Stock market opened strong encouraged
by the general good tone of American Sc
curities abroad and advices of favorable
weather west. An exception to the gen.
eral course of prices was found in the
case Of some Of the southern railways,
such as l.; & ~, and N. & W.; the re-
ports of yellow fever in Virginia furnished
the excuse for sales of these stocks The
Iron and Steel stocks showed a pro-
nounced tendency to Improvement; Amer
lean Tobacco advanced on rumors of an
adjustment of internal dissensions; p. O.
advanced on talk of an agreement with
the Ogden people; Sugar was strong and
the market, including the southern group
Of stocks, grew better after the early
dealings, the effect of the yellow fever
scare proving very short-lived and when
traders attempted to cover short stocks
the market became active and very
strong.
Some buying orders seem to have been
placed in the most active stocks particu-
larly N. p. & Tob.; 1t is said that the
buying of Tobacco was on the expecta-
tion, of an early official announcement re-
garding the company's plans for Japan
London's operations were not large but
the days arbitrage business is estimated
at sales of 10000 and purchases of 5000
southern issues were the features and
there was good buying of u. p. Later in
the day there was good buying of l. g. N.
partly on foreign and partly on local ac.
count and the pool which Is still in bust
ness, again predicts that the price will
cross so on this movement. There is quite
q large short interest In Atchison pre-
ferred. The increased earning power OF
the country compels confidence, but fears
Of trmer money may check what other
wise would be rampant bull market.
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-01
Inc American Copper Company
NOW OFFERs
NOW OFFEns

1000 registered shares of A. AL.
s9aTanteed preferred stock 1.-THE nar v seImt
9 az LEN DOLLARS PER SHARE fo r~ tSe
eTNtielopment Of new copper producing pr ee
annium, payable Nov lst and MAJ ist per
SGa49GH wear, is guaranteed by the Mn
paiAAYYrs LOAN AMI. TRUST COM S
This is % 9r ssr sStnSay, New York city
cerdalntg q rapid and continued t ina
g crease n nv the value 9f the stock, THE
NMD1mpTrnN x NJ Has NO BONDED Or
lions Tor stock and make ali rerniffssncses
g2aayaDle 70 THE AMERICAN 1C0p iSlssf IS
SoMPANf- 70 1seaAways &es Xcsh go.
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-01

The following quotations were made
on the Boston exchange yesterday on
stocks held in Worcester and vicinity;
TELEPHONE STOCKS.
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-01
STEEL TRUST STOCK.

The Wall Street Daily News contains
today the following severe remarks on
the American Steel and Wire Company
stock: 1.-The indications are that pub
LEGATION of the American Steel and Wire
figures in the application to list may
encourage fresh speculation in the COM
pany's stocks.-Dow-Jon
1.-THE chances are that it will not, UNI
less by the usual stock -jobbing meth
DDS, but not by legitimate public buy
ing. The recent Juggling of the divi-
dend matter, together with daily reports
of increasing business competition, will
lead the conservatives to eschew these
shares, and permit Gates and his west
ern co-partners to play with them as
their own sweet wills dictate
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-01
TREASURY sTATEMBNT.

Washington, July 3i.-Todays statement
Of the, condition. Of the treasury shows:
reserve, $245, lis, 66S; net silver, %259aSo4:
United States notes in the treasury
IS, 900 1885, treasury notes of 1890, 81, ia 070,
total receipts this day $2,sS727s; totai
ceipts this year, S4S, 054, 25S; total expendi.
lures this day, $1,000; total expenditure
this month. $50, 1900; total expenditures
this yearb $56, 5lS' 900; deposits in national
banks, $lS 254535i silver bullion. SaSl. 652
The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-08-01
THE MONEY MARKET

New York, July A.-Monev on cau
steady, SAa4, last loan at 81; prime me a.
exchange weak, at 4. S6lsQ4 s6% for 't de-
mand and 4,s1@4.s 7l5 for 60 days; posted
ciial bills, 4.s2&; silver, eo5adlei; bar silver
lO%;, Mexican dollars. IS; government
bonds strong; railroad bonds Irregular,
Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1899-06-05
FACTS REGARDING THE
FRANCHISE REFUSED,
Continued from Page |.

The same section under their
Charter and Contract can be
located and forfeited and re-, 11cated
and forfeited from time to time
until the fifty Yeas shall have ex
pired, or they can make pew locaH
lions in the same sections from
time to time after the forfeiture OF
the preceding Que: or, they can do
nothing and hold the franchise for
fifty years. No power to forfeit the
franchise is rescrrci TO the GOrern
ment.
President Dole states, with re-
ference to the Hilo Railroad Com
pany, that:
Its Charter Members ENJOY
the confidence Of the public and
include men of experience in the
promotion and management of
similar enterprises in these isl
ands."
Five OF the seven of our Charter
Members are residents of the ISL
ands and "enjoy the confidence of
the public" The other two OF the
Charter Members come highly en-.
dorsed by United States Senators
and representative men of the
United States as to their standing
in the communities from which
they come, while they have been
associated in the construction and
operation of railroads in the Unit
ed States for a great many years,
and represent men whose financial
standing cannot be questioned.
The letters, statements OF con
versations, conditions of charters
and contracts above referred 10
are all matter of record.
HERBERT B. GEHR.
Honolulu, FL. L., Juue 8, 1899.
Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1899-06-05
Y. M. G.. A. NOtes.

A meeting of the Board of Di-
rectors will be held this even
ing. As there are four of the
nine members of board out of
town and it takes five to constitute
a quorum it is very necessary that
the remaining. ones be present.
Some important matters will be
brought up for discussion.
The social to the members OF
Y. M. c. A. will take place Thurs.
day night. A fine time is being
arranged for.
The Shakespearian recitals be.
gin Friday night, June 8, with
"Othello" by Mr.. Williams. "A
M dsuumer Nights Dream" on
the 18th and "A Winters Tale
on the 18th will be given by Mira.
Williams. The course will be
closed June 10 by Mr.. Williams
who will give "The Tempest"
Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1899-06-05
Something 60 Remember.

An Irishman, 10 Hilo, is said to
have taught ducks to swim in one
of the Volcano hot water lakes
and with such success that they
lay boiled eggs.
The above is "fairy story" but
the Pacific Cycle e. Mfg Co. tell
no "fairy stories" when they say
that they build sulky wheels which
are a pride of the owner.
"A friend in need is a friend in.
deed" When your bicycle breAke
down you can fiud a friend in the
Pacific Cycle q Mfg Co, who
guarantee all repairs.
"a fair exchange is no robbery"
The Pacific Cycle e. Mfg Co.
pays more for the Sterling bicycle
and sell at less margin than on any
other wheels on the market.
Zone good turn deserves an
other" This proverb applies to
the Sterling which like Oliver
Twist, although tired, wants more
Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1899-06-05
REVISED NEwLANps RESOLUTION


In the course Of it various re.
quests that the local Government
should at least ask the President
whether the September elections
might not be suspended, the Bull
LETIN published the following ex-
cerrt from the Newlands Resolu-
ton:
"Until Congress shall provide
for the government OF such isl
ands ell the civil, judicial and
military powers exercised by the
officers OF thu existing government
in said islands shall be vested 10
such person or persons and shall
be exercised IN such manner as
the President OF the United States
shall Direct"
This il the exact wording of the
Newlands Resolution ;the italics are
BULLETINS.
This morning the official organ
of the local government makes this
quotation from the Newlands
Resolution:
"Until Congress shall provide
for the government OF the islands,
all the civil, judicial and military
power exercised 10y the officers Of
the existing government in said
Islands shall be vested in such
person or persons, AS THE
PRESIDENT OF THE
UNITED STATES SHALL
DIRECT; and the President
shall have poser to remove said
officers and to fill the vacancies go
occG sioned."
The capittis as we'll as the
omission are the Advertisers. or
all the fuuoy, childish newspaper
slides this takes The palm. The
official organ does rot object 10
the suspension OF The election, no
one does. 1t simply maintained
that the elections were not OF
sufficient import to warrant OBJ
tanning an opinion from the Presi
dent. The BULLETIN advocated
the cause of the people and its
course and arguments are vindi-
Gated from no les important
source than he President OF the
United States. This vindicat.on
CRATES so harshly in the nerves Of
the official organ that it issues in
its editorial column a revised edi
ton of the Newlands Resolution.
The narrow minded course of the
organ carries its own arguments
and conclusions.
Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1899-06-05
Cur Handled
jelly Dishes
IS Cents Each.
See Them in Our Corner WinH-..;;

- You bought freely Of our fine Blown
iumblers at 50 cents a dozen, and found
ITEM excellent value.
The set of Crockery, 50 pieces for $500,
pleased you.
The fine Plated Teaspoons at sass were
a surprise, and the Nickel Reading Lamp
at $500 is giving perfect satisfaction.
The Jewel" Stove is saving on your
fuel bill, and keeps your cook good ma
tured.
Your "Gurney" Cleanable Refrigerator
is now Indispensable, and your Ice bill Is
moderate.
Our shipment of Wickless Blue Flame
Oil Stoves by the last Australia" was
sold in three days. There are more on
the way-much to the delight of the light
housekeeper.
We invite you to inspect the goods in
our various departments. You will be
attended by competent and courteous sales
people, and your goods will be delivered
free of charge.
Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1899-06-05
THE CAUsE,OF CHARITY.


The Home Mission Rally, of the
Hawaiian Evangelical Association,
at Central Union Church yester.
day was a red-lrtler event ia the
church history Of these Islands.
In the absence of Judge Judd,
the President OF the Board, Henry
Waterhouse OF the Board OF Di-
rectors was called to &C, as moder.
ator of the meeting by Rev. Mr.
Kincsid. In his opening address
defining tho object of meeting, Mr.
Waterhouse was clear and clean
cut in his remarks as to the pre-.
sent standing aud necessities of
the mission. He simply made a
business state ment of its affairs 10
the Cong egation and appealed to
them to exercise a calm and deli
bsrate judgment in the bestowal
of their aims and aid.
The Invocation, Lords Prayer
and Scripture lessons under the
direction of Rev. John Leading
ham, +. w. Damon and Professor
Theodore Richards gave a keen
edge to the listening multitude,a ard
the address OF Rev. j. M. Lyd
gate on ways" followed by Rev
j. A. Cruzan on "Meaps" created
a feeling that redounded to the
benefit of the cause for which al
had assembled.
Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1899-06-05

For freight or passage apply to II. T..
WALKER, Agent, Lincoln Block, King
street. 1929
Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1899-06-05

The Anglican Church Chroni-
Gle for June has the usual stirring
editorial reminders to Church, n
of their duties. 1t gives reasons
for not favoring the Sunday Sec
ular newspaper, and attacks the
prevailing habit of profanity.
The news, educational aud miscrl
lanea departments contain a good
variety of matter.