davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-23
BONDS.
THE DAYS OPERATIONS IN STOCKS.

. More than one-ouarter OF the TRANSACTIONS on
3he Stock Exchange yesterday were IN wv
stocks. Brooklyn Rapid Transit and sugar ne
timing and the dealings in the first Were iiIoie
Than twice as large as those in the seOohu iNe
sneculative contingent that recently mas oee
oneratine for a decline made Brooklyn hapiu
Transit the special object Of attack ana ioi'oN
she price nearly TO par. but subsequently 'ieie
was A. recovery which left the loss Tor the gay
hess than three points. The buying from Inc
,nside was good, and this was especially 'he
case when the price approached the low point
The report Of the company, Which came out
early in the day. was not construed as unla-
,vorable TO the stock; on the contrary II was
considered TO show that the condition OF the
rompsny was capable of decided oetterment IN
rhe future
For one thing all suspicious and DOUBTS as 10
the financial standing of the company whlch
have been used during the last week ny the
hear element to depress its stock were settled
nyben the report was issued. President Rossi-
fer's figures show the company to have mad
Surplus on June 80 of S67S Us IS. but. instead
of paying a dividend the company will spend
lS623 5S7 80 for needed improvements. leaving
met balance Of S54 541 40 While Wall Street
huls were perhaps not elated by the report the
hears did not find in II much cause for rejoicing,
Yor they had been led TO believe the companys
condition was not sc good The Brooklyn
lRapid Transit system now includes a mileage
of 5O4 while year ago it was only 1868. 1t
also has 200 miles OF franchise of which II
has not yet awaited itself The company's total
.earnings were Sl1 1929 President Rossiter
saws it's income the current year will reach
sS12 100000 and that 1t will be operated for 90
;per cent of its gross earnings In that event
reasonably satisfactory results will be attained.
The onslaught on Sugar Refining was not so
vigorous as On Brooklyn Rapid Transit, but
s6ugar Refining sustained a considerably heavier
net decline. The reason given for the move
Tnent against the stock was that the reduction
IL the prices Of refined sugars meant a renewal
of the sugar trade war. This view was not held
in some quarters at least 1t was thought that
sugar prices might have been put down TO
bring a larger immediate call for sugars under
the contracts with buyers extending TO January
Z Production has been very large during the
summer, and all the refining companies have
custom Of refners when surplus accumulated
10 lower prices in order to work it off
The slump In Brooklyn Rapid Transit and
Sugar Refining naturally exerted an unfavora-
bic influence other stocks. but aside from
the two stocks named, there were no important
declines. Nothing Of adverse nature de-
veloped in the general situation. The reports
Of railroad earnings that were received showed
that the heavy traffic was being fully main
tanned. The state Of the money market was
such 10 avert apprehension in that direc-
lion.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-23
SITUATION IN MONEY.

There is nothing in sight yet to change the rates
for money. There appears 10 be enough money for
stock market purposes but not superabundant
supply Demand and supply in fact appear very
evenly balanced at present So far as may be
learned the interior movement of money is in favor
of New-York Shipments are quite as heavy by
mail as by express. The tendency OF gold is 10 flow
to New-York and OF pape- money to flow to the in
terror Silver is not moving to any extent except
10 the South, for use In moving cotton The latest
advices are that there is no lack of money in the
West and Northwest. II New-York IS to be called
upon for any money TO aid in handling wheat and
corn no indication of 1t has appeared.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-23
AMERICAN LINSEED.

II is stated that the business of the American
Linseed Company rapidly growing Contracts
have recently been entered into with the largest
manufacturers of oicloths and seamen's clothing
In New England for a six months supply Of hnseed
oil with the largest manufacturers Of oic.oth in
the West for years supply. with a large con
Germ manufacturing oilcoths and linoleum in
Canada for a years supply. with another concern
manufacturing oilcloth and linoeum for a years
supply amounting about 100000 gallons with
the largest varnsh manufacturing concern for its
years supply about 100000 gallons). and with the
largest manufacturers OF paint in Eastern Penn
syvania for the supply
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-23
WALL STREET AND EXCHANGES.

OUTSIDE SECURITIES MARKET-The out
side securities market opened steady. closing quiet
Standard Oil closed at 463d466 against 463G 46s on
Monday. Last prices on other prominent issues
were. Amsterdam Gas 32ikG33: preferred 5sd57a.
Air Power 65d75 Bay State Gas. 2d2Is; Anal
gamated Copper. s6i2G97 Republic Steel. 227sd231s:
preferred 7314G74A; Havana Commercial. @i5d30:
preferred 6S1an69 Electric Vehicle. 110lrl13 Union
Steel and Chain. 2Sa29l2 preferred $685.; Rubber
Goods. common. 52ltq3219; preferred. s97sq9Oh.
BONDS LISTED.-The Committee Bond List
OF the New-York Stock Exchange has admitted TO
the list the following: $500 additional Northern
Pacific Railway Company prior lien railway and
land grant per cent bonds OF 1897. making a total
amount listed TO date OF $50 $4,000
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-23
LOUISVILLE AND NASHVILLE

The annual meeting Of the Louisville and Nash
vile Railroad will take place on October Au-
gust Belmont chairman OF the Board OF Directors
says that 1t Is important that the stockholders as
sent TO the lease OF the Nashville and Decatur and
to the sale OF Pensacola and Selma to Southern
Alabama and the resulting purchase OF Southern
Alabama by Louisville and Nashville This action
is necessary in order TO bring the Southern Ala
bama property under the Louisville unified mort
gage. 1t is also desirable that the assent OF stock
holders be given TO the arrangement by which
Louisville and Nashville becomes the sole lessee
~ the Georgia Railroad
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-23
AMERICAN SECURITIES ABROAD

London. Aug. 22-American securities, after a
dull opening, were steader with but little bust
ness doing. Prices improved steadily, and the
market closed firm Last prices were: Atchison
2S5s; Canadian Pacific. s99s ST Paul. 1854; Illinois
Central 1884,; Louisville and Nashville $40, Union
Pacific preferred sos; New-York Central 14S; Erie
49, Pennsylvania, 70; Reading. u2s: Erie first
preferred. SsA; Northern Pacific preferred 1874,
Grand Trunk. SIS, and Anaconda liz.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-23
THE DAYS OPERATIONS IN BONDS.
GOVERNMENT BONDS.-Market firm. Fina
quotations follow:


RAILROAD BONDs.-Market irregular. Total
sales amounted In pa value 10 S26i3l4O, against
81. 900 on Monday. The heaviest dealings were in
the Atchison and Baltimore and OHIO issues Colo
rado Midland 2-4s Detroit City Gas 5s Green Bay
and Western debenture Bs Missouri, Kansas and
Texas 2ds, Norfolk and Western As. Oregon Rail-
road and Navigation As, St Louis Southwestern
pds and Wabash debenture BIS
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-23
MONEY AND EXCHANGE

MONEY RATES.-Money on CALL 3 per cent
with exceptions at p. and per cent The time
money market was quiet at 3A44 per cent for sixty
DAYS, per cent for three months 4G4I1 per cent
for four months. 4q41A per cent for six months on
railroad collateral and above on mixed collateral
Commercial paper rates were per cent for three
months. 4q4i7 per cent for four months and 4d4Il
per cent for six months for the best names and
above for paper not well known
FOREIGN EXCHANGING firm Actual
closing rates follow:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-23
closing rates folio
Bankers posted rates were

DOMESTIC NEUTRALITY-SUSPICIOUS. s-Com-
mercial 75c discount: bank. soc premium. San
FranciSco-sight lOc; telegraph l2hc Cincinnati
Over the counter 6oc premium; between banks, &c
discount. savannah-Buying, 1-lec discount sell
ing 75c per 1900 premium. Charleston-Buying.
par; selling, l-lOc premium Boston-Sc discount
Chicago-SOc discount.
BANK CLEARINGs- New-York - Exchanges,
soc 342OS: balances. Sl26.77 Boston-Exchanges
$22 ys13.4z3; balances N.Sl7,645 Baltimore - Elk
Exchanges. A6.3m.5ls; balances. 81 993,2I7 Chicago
Exchanges. SS143.3l2: balances. s0.773.
FOREIGN MONEY MARKET.-Call money In
London. lxQ2 per cent. Open market discount
rate, 81 per cent for short and 31Q3 Gle for long
bills. Berlin discount rate, ~ per cent. Berlin ex
change on London % marks 47h pfennigs. Paris
exchange on London. rs francs 3h confines Paris
discount rate 2x per cent
FOREIGN sECURITIEs.-British consols 1854
tfor money and log for the account French rentes.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-23
Denver Union Depot lst Mtge. Bonds.
To HOLDERS OF UNION DEPOT AND RAIL
moan COMPANY FIRST MORTGAGE BONDS
DUE SEPTEMBER IST, 1890;
SO AND 65 WALL ST.. y. Y.

This Company has arranged for the extension unui
September list 1900 Of its FIRST Mortgage Bonas oue
September st 1880. with interest At the rate Of He PEI
cent per annun, payable m-annualy; and an eA'ea-
sion agreement has been signed between this Company
and the Trustees the Mortgage covering the Honas
This Company has further arranged that on presents
ton Of the Bonds Messrs. Maitland Coppel q o. W
q Exchange Place New York city. the Bonds WI! "
,a,,oa shou,r ,he extension and additional cou-
pons for the ensuing year will be ATTACHED thereto
will also pay coupons due September LIST Isy'' ~
has further been arranged with Messrs Maaha N0pp'
& Co that on presentation and surrender Of DonS' ~,
,, h a, mar and interest all Bonds whose owners 10
not desire 70 extend them. -. .
Holders OF bonds have until September So'h' io'''
elect whether 10 10 extension or 20 accept p'
ment OF their bonds
Before September list 1900 more permanent a''a"s
mont will be made for rsfunding paving. the oonds
The Union Depot and Railroad 20.
nv w. 4. DEUEL.. President
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-23
BEARS CONTINUE ACTIVE.
STOCK VALUES DEPRESSED
sAyAGB RAIDS ON BROOKLYN MAJ
rpANs1T AND SUGAR REFINING
STOCKS.

Closing prices yesterday of the principa, az.
.,vs securities and net changes from M'"'a'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-23
financial.
financial.
new YORK ZINC co.
CAPITAL 100000

Divided into $4,000 shares. par value $500
each.
Full Paid and NOn-AssessabIe.
5000 shares offered for public subscrip-
ton at par.
Directors.
james VI. EckeIs. Ex-COmptrolIcr Of Cur.
rency. and President Of the Commercial
National Bank. Chicago.
chants. New York city.
Miners and shippers of Coal. Bethlehem.
chaEis. s Ham,in; E IA. seey u s.
Charles VI. HowIet. Capitalist. Providence,
Rhode Island. r.. a.
ings q Loan Co. Cleyelnnd. ONO:
James J.. WolcOtt. of Hughes Woicou,
Terms Of PaYment. 81 on application. 81
on allotment, 3Ocs before sept ID 1so3
This company li7 acres Of zinc re ant ~ ns
Missouri Kansas District upon wnlcn mere ~ t.s r"'
M Nicholson the we.l-kncwn engineer, W'o nas eh-
ane1 this property and the books Of re onpiy %.
operating A. The earnings OK tbs Company WI
be over SIPS 90 per year and there IS actaly N sst
one mill $500 worth u ore He als9 sts'es nay ~
property ~ the best he has examined n nis as
THIS COMPANY WILL PAY 20 MONTHLY
DIVIDENDS AND CARRY A LARGE AMOUNT TO
SURPLUS THAT WILL BE DIVIDED QUARTER
LY AMONG IFS SHAREHOLDERS.
Full engineers report and photographs OF the mills and
Copies prospectus giving partieuars can oe had "a
application.
COLLEY & CO.,
Wall ST.. New YORK
so Devonshire St, Boston
40 Westminster s., Providence r.
Transfer Agents. International Banking Trust coz
New York
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-23
TO THE HOLDERS OF
Pittsburgh, gainesville & Falrport r. h.
FirstSe1 Mortgage Bonds, Due 1910

In view OF the early reorganization OF the f''s0D'e
ard Western Railway Co. OF which system your properly
ia an essential part and in consideration o. me fa' nav
Il Is proposed to appropriate out OF earnings sum sum
cient TO some extraordinary expenditures, :,
,n,perillng the payment OF the interest on your boa
"a deemed OF the utmost Importance that Bondho''e'
should unite for mutual protection -.
Therefore the undersigned representing ma)onV .. -
the issue ask you ion them. by deposns your DO".
with The Mercantile Trust Co. NO l-o bioa1"a'' VI
before the LIST Of September, 1890
Negotiable certificates will be issued 20 deposi'ors
Comics Of the Bondhoders agreement can be ooa'n'
the ONO. Of the trust Company Of either one OF Nv
Bondholders Committee =,
CyHUS J. LAWRENCE. No 81 Broad 81
r. j. IIsNAN. 30 Broad -
LANES H. OIIPHANT. No. 20 Broad 81
ALVIN w. KRECH. No. l2o Brosd"p'
New York july %, 1899
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-23
EXPORTS OF MERCHANDISE.

Port Of New-York-- 1897 1895 1890
Week ending Aug % se.923.Ol4 s6l71s7s 81 400 3l3
From January 262522 l63 $40 6l5O17 pol 224 al
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-23
STREET RAILROADS IN OTHER CiliE0'
BONDS.

GAS SECURITIES.
cpenorted by e. l. Hudson Co. Nos. "a & 80 Wal-st)
BONDS
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-23
PHILADELPHIA STOCKS.

tDollars per share. TEX dividend.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-23
THE FEDERAL TREASURY.

Ac, .a.h bal s274 e35s54 s27s.o6 os92 Dec N''4'o2
GOVERNMENT RECEIPTS. -Customs receipts
reported from Washington, 1851 internal revenue
receipts s4sses3 miscellaneous receipts No'aZi'
Total receipts for the day. AlslSol; expehol.ures'
100000 Receipts for month 10 oate' ,'-f0'i'
evrandtures s774oOOO: excess Of expenditures,
q el5 o5s Receipts for fiscal year to date $oS'9lSs'
expenditures $s4 3O1 .OsO; excess Of expenditures
NS f21 Sn. Receipts of National bank notes Tor re-
demption, S49795.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-23

90 francs 90 confines. Spanish IS IN London. ssS.
% THE SILVER MARKET-Bar silver. os;sc; Mex-
team silver dollars. E7sc. Bar silver IN Lonoon'
q 9-16d. ,,,,a % o.. IJshon "a.
Buenos Ayres, 40; Rome, 1fs
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-08-23
SALES AT THE STOCK EXCHANGE
RAILROAD AND OTHER STOCKS.

ACTUAL snie.-l-C1osing- shsIe'
Open High Low. Tin. Bid. ASK. sou.
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-02-24
Push!

For several months the Board of
Trade has been trying to interest local
capital in a bolt and nut works which
can be induced to locate in Scranton
If the proper encouragement Is given.
Profiting by past experience the board
did not take hold Of this project until
it was sure of it's ground. Patient in
vestigation was made. The chances of
success were weighed after consulta-
tion with disinterested men who are
familiar with that industry. COndi-
tions were imposed which would give
ample protection to local capital in
vested i'm the enterprise and finally a
canvass OF our moneyed men was un-
dertaken. 1t would not be true to
speak of this canvass as a failure, for
that is a word which the Board of
Trade declines to recognize; the cam
vass will yet round up the requisite
capital, but in the course of the can
vass some instructive experiences were
had.
1t was found, for example. that one
class of local capitalists had no time
for any propositions except such as
involved speculation in real estate.
Some of these men had made money
rapidly in the past by buying land on
a low market and selling it on a high.
They wanted to continue this process.
Their business is legitimate and calls
for a great deal of shrewdness but it
did not seem to occur to some Of the
real estate dealers that realty values
cannot be expected to advance indefin-
itely unless the industry of the city
which feeds the real estate market in
creases also; unless more men are CIV
en- remunerative employment year by
year. more cash-paying customers pro-
vided for our merchants, in short, more
business done. other capitalists want
ed to start new banks, forgetting that
without industries banks are idle. 9th
ers having become wealthy by luck,
wanted to take no risks with their
hoard; they wanted copper-lined six
per cent. gold bonds.
This Is not the spirit in which Scran-
ton was advanced from the proportions
vi al StlllGlutilI III IL NllucTHeSS
to those OF an energetic metropol-
itan city, forming one Of the
wonders of the east. 1t is not
the spirit which will keep up this
growth and carry the city as far for
ward in the next score of years as it
was carried forward in the score just
ended That which has created past
progress in this municipality and sur
rounding territory has been plucky,
gritty daring enterprise. We need
that kind Of enterprise still. We need
1t to protect what we have; we nee
it to insure profitable and permanent
growth. The Board of Trade has out
it's shoulder to the wheel at the oppor-
tune time and every citizen interested
i'm Scranton's future should help to
push the good work along.
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-02-24
Benjamin j. Haywood.

After weary weeks of suffering,
weeks and months of gosping for
breath and fighting for life, Benjamin
j. Haywood has yielded in the battle
to the inevitable victor. The stabs of
torture he has endured have just as
surely been administered by his perse-
cutors as If his malicious ana vim
dictive enemies had come to his bed
side and with daggers of steel thrust
him to the heart. A pure and beau
tiful life has reached an end too early.
Genuine regret will be mingled with
grief at his death that he could not
have lived to see the complete vindica-
tion which would have been his in the
near future. His memory will be long
cherished by a countless number of
friends.
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-02-24
AN OPEN LETTER.
Editor of The Tribune.

Editor of The Tribune.
Sir: Now that the excitement of the
election is over, perhaps a few incidents
of the day would receive some attention.
And the chief of these is one that | wish
to present to the citizens on Scranton in
the shape of a question: "By what right,
under the law forbidding any one to sell
or give liquor to a person on election day.
and forbidding any one keeping licensed
place, to keep open on election day, could
all the drinking places in the central city
but two, provide either by sale or gift
drinks to all Comers on Tuesday Feb. 2l,
1892" This is not a guess, but fact
demonstrated by actual investigation and
observance.
At some of the places the precaution of
using the side door was not even made
use of. The excuse for not keeping the
law is that there are so many unlicensed
places allowed to do business, that those
who do pay license are wronged. Grant
ed. Then the best way is for those who
do pay to keep the law, then combine and
compel the law to be enforced In regard to
those who don't secure the right to sell.
We are not trying to enforce a new or
strange law. We ask only to have the
laws now on the statute books enforced.
Rev. q. w. Welsh.
President of City Christian Endeavor
Union.
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-02-24
An Autocratic bureau System.

Captain Leslie ]. Perry, in a letter
TO the New York Tribune, give a terrible
scorching to the bureau system that
is causing the United States to be ri
diculous in the sight OF the world by
reason Of the methods employed with
regard to the army. The staff depart
ment, he asserts, has 50 far intrenched
itself behind laws ana precedents that
Is Cumbrous inefficiency is a stumb-
ling block i'm the way of army meas
lres. The department lacks correla-
tion and subOrdinatiOn, is amenable
to no military authority and RESPONSE
BILE to no competent head. In no uncer-
tain language Captain Perry says:
1T is the prime object with these
bureau chiefs to be directly and ex-
2lusively under the department. for
he very obvious reason that in that
relation they are independent of all
military Superiors, with absolute sway
each in his own sphere of influence ,
Through years of skillful management
they have so contrived that in routine
matters the authority Of the secretary
even of the president himsclf-un-
irSs he is aroused by some special mat
ter-has fallen into a mere vague form:
the bureau chiefs control everything.
Every head always suggests, drafts and
presents his own orders, to be signed
oy his so-called superior upon whom.
as a rule, he secretly looks with con-
tempt.
These staff bureaus and precedents
.oday command the American army.
They commanded it throughout the Gu
oan war Yet by law and precedent
these bureau chiefs are a species dis
tinct from the soldiers Of the real ar
N.Y. although they wear shoulder
straps and draw army pay they are
lot soldiers. They are mere bureau
administrators, performing civil service
and not, under the peculiar system of
heir own. military officers at ali in
he true sense Of the term. Never
.heless, by their Vaccinations and their
lsurpations they place themselves
tbove the army. ....
Stranger stil, by a hocus -pocus of
raft and humbug, reinforced by the
orecedents created from time to time
~ themselves, they have seized the
machinery Of the war department it.
self, Their wishes in the matter of
legislation almost invariably go for
ward in form to congress with the Sec
7etary's Endorsement. The composition
particularly Of the military commit
tees of both houses they watch with
an eagle eye. 1t is improbable, there
fore, that there will be any recommen-
dations to congress for adverse changes
from condition Of things so satis-
factory TO the be.efciaries. The sys-
lem appears to be impregnably in
trenGhed against all reforms from the
Inside"
He furthermore declares that Eagan
has unintentionally proved himself a
Denefactor in calling attention TO the
The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-02-24

utter helplessncss Of the war depart
mcnt under it's present system and
hints that this was probably taken into
account in the extraordinary mitiga-
tion Of that officers sentence for his
uninistakable outrage against dcconcy
and military discipline. Captain Per-
rvs statement, which occupies two and
one-half columns. is a clear and logical
exposition of what many sensible peo-
pie have felt assured for some time
that the war department now i'm vogue
needs tremendous shaking-up. 1t Is
but in line with President Seth Lows
speech on Washingtons birthday in
which he said: 1--WE are obliged to ad-
NIT that on the side of the war de-
partment the genius that made our
railroads the most effective in the
world. the genius that has enabled our
manufacturers to conquer the markets
of the world, is not Forthcoming. The
contrast between the work OF the navy
department and of the war department
Is too great to be wholly explained
away. 1t i5 as clear as the MONDAY
sun that the organization of the war
department and Of the army is abso-
lutely unfriendly to efficiency"