davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1900-03-17
WALL STREET AND EXCHANGES.

OUTSIDE SECURITIES MARKET - Market
closed quiet Standard Oil closed at 53SG54O against
53SQ546 Thursday Last prices of other prom-
nent issues were: Havana Commercial 1920: pre-
ferred. 50Q60; Baker Powder 94Q95: Bay State Gas
1ssd112; Pump. 1918; preferred 645bG66: Markeen
Copper, sol; Amalgamated Copper 941b695; Am
sterdam Gas, 26&q2712; preferred 4Sa464SA Rubber
Goods, 2S12@29; preferred, SOAQ@; Distilling of
America, 6l4@7; preferred, 26l4927; Sheffield
2sq3O; preferred, 6S1AG701s; Storage Power 11@14.
General Carriage, TAGS
SILVER BULLION CERTIFICATES Heavy
buying of silver bullion certificates was a feature
the Stock Exchange yesterday. l. & S. Wormser
bought s3O0.000 of the certificates at 6OI1 to 6Os.
FOREIGN TRADING-Foreign trading In the To-
cal market light. Total arbitrage house trans
actions did not amount to more than 5000 shares
COPPER PRODUCTION IN FEBRUARY-The
figures of production and export of copper for the
month of February follows: Produced by
United States reporting mines II 4s7 TONS produced
by outside sources (estimated). 34O0 tons; exports
1919, all in tons of 224O pounds of fine copper
ANACONDA EXTRA DIVIDEND-The Ana
conda Copper Mining Company has declared its
regular quarterly dividend OF 81 25 per share and an
extra dividend OF 10 per share payable
April 80
SILVER EXPORTs-The steamship Etrurta. sail
Ing for Europe to-day, will take 259 900 ounces
of silver. shipped by Lewsohn Brothers
TO ABANDON CHICAGO BRANCH-McIntvre
& WardwelI brokers of this city. with extensive
OF town conections, confirm the truth of dis
patches from Chicago that they will abandon their
branch in that city. The business there has heen
losing one for some time, they say and for that
reason the firm has decided TO quit that field The
report that changes will take place in the local
office is denied
New-York tribune., 1900-03-17
MONEY MARKET SITUATION.

The bank statement which will be issued to-day
will reflect heavy loss in cash to the Sub-Treas-
ury and moderate loss of town opera
tons. 1t will also doubtless show further con-
siderable increase In loans. Predictions were gen.
eral yesterday that the surplus of s5676375 above
legal requirements shown in last Saturdays state
ment would be wiped this week, as the known
movement of money indicated loss In cash hold
ings of over $5,00o.OO0 The surplus of the AS
sociated Banks fell below the legal limit last fall
and at that time money rates advanced to strin-
gent figures, while at present call money has not
been above per cent. There Is less borrowing
demand on the Stock Exchange just now there
are no weak speculative accounts to be sold
protected. and there is confidence IN bank
ing circles the future. Current bank
ditions not expected to last. The enormous
loan expansion of the last six weeks has been
due IN great part to operations incident to the
purchase of Government bonds for refunding and
bank note circulation purposes, and the gain this
week in loans ought to be followed for some time
by loan contraction And then the currency
law ought to add steadily to cash holdings in the
of the next six months. After the April
settlements, and with the end OF special opera
tons connected with the refunding of Government
of the borrower. 1t is interesting to note that
from a discount of so cents, Chicago exchange on
New-York has advanced to nearly a premium, an
indication of coming movement or money this
way. 1t was reported from Chicago yesterday that
predictions had been made by prominent bankers
that within week $25. 100000 would be sent TO
New-York pay for bonds by banks which are
preparing O take circulation The withdrawal
of over s., 900 gold from the Bank OF England
for shipment to South Africa was an Hincident of
the foreign money situation yesterday.
New-York tribune., 1900-03-17
THE TRADE IN CHICAGO.

Chicago March 1S (SpecfaD.-The bearish prophe-
ces of Thursday in regard 70 wheat We're not re-
allied The Argentine shipments were not much
over half what was prophesied they would be.
252sOOo bushels which was 100000 less than rhs
week previous. Liverpool was up a fraction, al
though American markets had shown a slight de-
cline Thursday. There was bitterly cold weather
West and Northwest. with colder indicated. and
with practically protection. AT Omaha
there was the lowest temperature OF the season,
10 degrees below zero. Northwestern receipts were
not as large as last years $50 cars. against 50;
primary receipts were tribe last years 1,-
COO bushels compared with 5166Oo bushels Wheat
closed 1a9%4c over Thursday. May selling at S'sc
and at 6714 4967sc and closed ar 61l.c; July clossd
at 673sc Csc. Patten the largest buyer. TAX
ing 100000 through brokers; II looked as
If Cudahy the best seller. There was q Big
trade. and from appearances the advanced connis-
sion rates have no inuenfce the volume OF tns
business. The Modern Miller said II had no
damage complaints. although the weather was not
propitious- The weeks clearances from both
coasts We're 2.727OOe bushels.
Corn lost 1ac in the forenoon. but recovered This
in the last hour. May sold from S7lsc TO SS5s and
closed at 37≻ July closed S7s.c; the close
1sc Thursday. On the break there were sEi-
dences of large buying, both by Cudahy and Pat
ten Liverpool 14c TO 9sc lower: clsarancss
week were only SO 900 bushels. Receipts were SIS
cars. with $40 for tomorrow samples were 3-c %
NEUTRALITY-SUSPICIOUS. $4,000 bushels-but the seaboa-d
reported Al loads FOR export, and Ratten was al
thOrity for the statement that more shipping ous
ness had been accomplished here than had 5esn
reported
Oats were no more active than they have been
of late the range being only 4sc, and the close Just
about the same Thursday; May 237sG24c. Re
ceipts were $50 cars. with 80 for Saturday. Clear
ances were 2S.Oo0 bush. They act II the discount
under corn was about as big as IL would get
Flax was strong; May up &c. TO 81 63; cash was Up
&c 10 81 90; September was 81 u. october q NJ
There were "a cars at the three points asains,
IS last year. The bull crowd is bidding for the
May. Duluth was up much Chicago.
Provisions were strong; pork up 1Tl3c lard and
ribs 0c May pork, S11 15; May lard, IS 01a sell
May ribs. Sc 071a bid. Hogs to-day az the
top price for the year and higher than they have
been since 1885. Live hogs are considerably over
a parity with the cured meats There were 2es
hogs with 1900 for Saturday. Pork shorts
easy. The talent Is bullish.
New-York tribune., 1900-03-17

ing exhibited the characteristics and afternoon
operations just trifle more animated, win
slightly better tone in prices. There were some
good buying of Third Avenue and further covering
of shorts, excellent buying of Mexican Central
Mexican National and Union Pacific; light buying
by Flower and Connor brokers. but little buying OF
Significance elsewhere in the list. Londons trans
actions did exceed 5000 shares Metropolitan
Street Railway again under bear pressure.
Third Avenue bid up by H. Content & Co.. and
traders covered. while interests which have been
buying the stock for several days were again ac-
tive the long side Much of the buying by one
prominent firm estimated at over 60000 shares, has
represented stock bought and taken out of the mar
ket. Traders worked the short side most of the
day. but covered in the last hour the theory that
the bank statement had been thoroughly discounted
Some of the buyers and sellers j. s. Bache
& Co. sold st. Paul. II. Content & Co. sold Third
Avenue, Hurbut. Hatch & Co. Seymour, Johnson
& Co. bought Chicago, Burlington and Quincy; Bell
& Co., E. W. Nichol sold L. r. Bacon & Co, Fl.
Durand bought Brooklyn Rapid Transit; F. H.
Palmer sold. R. Worrell. J. F. Carlisle bought
Sugar; p. J. Goodhart & Co. sold. Sharp e. Bryan
QOoO bought Manhattan. E. f. Raynor & Co.. j..
NJ. Leopold & Co. and c. NJ. Oelrichs & Co. bought
Sugar Refining; Bell & Co. sold. J. H. Griese &
Co. and w c. Taylor sold Manhattan. Otto Kohn,
j. Kirkner. w. B. Wadsworth and Pearl & Co.
bought Brooklyn Rapid Transit; Ellingwood &
Cunningham, j. S. James, F. H. Palmer, A. H.
Combs & Co. and H. Lapsley & Co.. sold. A. De Cor
dova & Co bought Peoples Gas; Chauncey & Co.
sold. L. Levy & Co. bought Third Avenue: Bell Sc
Co. sold. Pepper Stern bought Mexican National.
A. De Cordova & Co. (2.5OO) and Fl. Clews bought
Sugar Refining; w. d. Hatch and Ladenburg Thai
mann & Co. sold f. w. Savn & Co. bought Mexi-
can Central; I. s. Vanderhoef sold
New-York tribune., 1900-03-17
'E dividend.
BONDS.
THE DAYS OPERATIONS IN STOCKS

Extreme duiness marked the course of stock
market trading yesterday. Even the manipu-
lated specialties were inactive and with the
exception OF Third Avenue, Brooklyn Rapid
Transit, Metropolitan Street Railway and Sugar
Refining, no stock showed a total Of dealings in
excess Of nine thousand shares Prices exhibited
no significant changes. The current period of
speculative dulness is in no way extraordinary
An active market is out of the question, with
bank reserves falling to point at which the
greater number Of institutions are below the
legal limit And active market is hardly
possible so long as the public refuses to buy; so
long as the more important speculative interests
concern themselves with winter vacations rather
than with Wall Street affairs. There are money
market uncertainties and until they are re-
moved waiting market is likely to prevail
But waiting market does not imply bear
market, and although the trading element Is
eearish ST present prices do not recede after
the manner of & real bear speculation. This is
due to the fact that there is just as much re-
luctance on the part of holders to sell as there
is IN the part of non-holders to buy
developments which tend to add to the actual
worth OF securities multiply daily, and in conse-
quence investors and large speculative holders
DO not find it advisable to sell their stocks on
Swallow bear arguments. 1t is admitted In some
quarters that temporary monetary conditions
on this account many operators who do not hold
stock believe that il is a good time to stay out
OF the market. Without the public and without
the substantial Street interests speculation has
become a mere traders swapping" match ex-
ceptions being found chiefly in the bond depart
ment where moderately heavy investment de-
mand is noted. The few exceptions in stocks
are confined to the better class of railroad
issues, TO certain cheap stocks that are selling
tar under their actual worth and which are be-
ing quietly absorbed by well informed banking
interests In the industrial list the good stocks
are not high, and in the next upward movement
preferred issues such American Car Foundry
and Federal Steel will doubtless be active feat
ures. The market sold by the trading ele-
ment yesterday the expectation of a bad
bank statement to-day but final prices showed
more net gains than losses, owing TO covering
In the last hour dealings. The market may not
record striking advances just at present but
stocks do not look like a good short sale for
more than a turn.
New-York tribune., 1900-03-17

DOMESTIC EXCHANGE. - New Orleans - Com
rnercial 75c discount; bank 81 premium. San Fran
cisco-6igkt I7izc; telegraph, 2oc. Cincnnati-Be-
tween banks &c discount; over the counter, 50c
premium. Charleston-Buying. par; selling. 1-10c
premium Boston-l5c and 1211c discount Chicag
Doc discount. st. Louis-zOc premium. Savannah
Buying 75c: selling. 75c per 1900.
RANK CLEARlNGS. - New York - Exchanges
slsl 2ss 3oT: balances $40, 091. Baltimore Ex-
changes 81 So. .35s; balances. $4s7.750 Boston-Ex-
changes SIC 731 64; balances, s2114376. Philadelphia
Exchanges s4,20l, ,30S; balances Ssss, ,764 Chi
cago-Exchanges 81, OF. 20; balances 81 ss9. .3S3.
FOREIGN MONEY MARKET-Call money In
London, 3z6l4 per cent. Open market discount rate
for short bills per cent, and for long bills, per
cent Berlin discount rate 5ss per cent Berlin ex-
change London. 20 marks 1914 pfennigs; Paris ex-
change on London. % francs 20 centimes. Paris
discount rate, 31 per cent.
IG2EIGN SECURITIES.-British consols for
New-York tribune., 1900-03-17
EXPORTS OF GRAIN.

"Bradstreets' reports the exports of wheat Cfour
included for the week aggregating 2727 45O
bushels. against 42oS 75S bushels last week. Ala 046
bushels in the same week last year 3679s5S bushels
In 1885, 43i bushels in 1897 1882 123 bushels in
1896 and 1898 635 bushels in 1895. Since July this
season the exports Of wheat aggregate 141 S0S SIG
bushels, against III 225. SCI bushels the same time
last year. The exports of for the week aggre-
gate S72921 bushels. against 21s7 S24 bushels last
week, 4'2l.S8 bushels In the same week last year,
S,9HS74 bushels in 1898. 5.9S9Sls bushels in 1897
1902 1874 bushels in 1886 and 1876 S37 bushels in 1895
Since July this season the exports of corn ag-
gregate 49, 4129 bushels against 12 s3 bushels
in the same time last year.
New-York tribune., 1900-03-17
THE DAYS OPERATIONS IN BONDS.
GOVERNMENT BoNDs.-Market weak Final
Quotnt ntions FOLLOW:

RAILROAD AND OTHER BONDS-Market firm
Total sales amounted IN par value to s2 2s5 500
against $50 Thursday. The heaviest deal
ings We're in the Atchison and Baltimore and Ohio
issues, Central of Georgia 5s Central Pacific As
Cleveland. Cincinnati. Chicago and st. Louis gen
erai As. Erie first general Is, Kansas City Pitts
burg and Gulf Trust Company certificates Mexi-
can Central LIST and I'd incomes Norfolk and West
ern As Reading general is, St Louis and Iron
Mountain 6s, St Louis Southwestern DDS South
err Railway 1st 5s, Standard Rope and Twine In
comes, Union Pacific as and Wabash debenture Rs
New-York tribune., 1900-03-17
DETROIT, MACKINAC AND MARQUETTE.

The Detroit, Mackinac and Marquette land grant
bonds were leading active features IN yesterdays
market. Buying of the bonds appeared to be due
to sudden appreciation of their low market value
and the improved prospects of the company. The
amount of these bonds outstanding is S3024O0o the
balance of the original issue of $4500,000 having
been cancelled by the sinking fund. According to
the company's last annual report 1t had cash
assets of $219,000 Regular semi i-annual dividends
of / each have been paid its bonds
the first of April and first of October Of each year
for about seven years, and it is reported that
of the $3.50 600 will be used toward purchasing
bonds for the sinking fund At the present market
price S150000 would cancel about 100000 of the
bonds.
New-York tribune., 1900-03-17
AMERICAN SECURITIES ABROAD.

London. March ls, p m.-The market for Ameri-
securities ruled dull and inactive all day with
out feature. The final tone was dull. Last prices
were: Canadian Pacific, 97A; Erie, 1895; Erie first
preferred 80; Illinois Central ls15; Union Pacific
preferred, 7s1z; 81. Paul 1863: New-York Central
13s; Pennsylvania 6s14; Reading, szs Northern Pa
ciic preferred 76l4; Atchison. "a; Louisville and
Nashville. SSE; Grand Trunk SA. and Anacon-
da, ea.
New-York tribune., 1900-03-17
DEMAND FOR MEXICAN ISSUES.

1t reported yesterday that the current heavy
buying of Mexican Central and Mexican National
stocks foreshadowed developments of Importance
to the Mexican Central and Mexican National rail-
roads The fact that prominent banking houses
were active buyers yesterday lent color to the re-
port: Merely on their merits the stocks named are
entitled to higher market prices. The first and
second income bonds were among the leading active
features in the bond market.
New-York tribune., 1900-03-17
NEW.YoRK DAILY TRIBUNE. SATURDAY, MARCH II. 1900.

A.. ,,oraosa ~ %, OF IN general expenses Is not
due to anv actual increase in the cost of admin
istration but to a settlement in the accounts OF
various expenditures connected with the iorihei
readjustment with the bondholders, whch were ho'
disposed of until 1899
New-York tribune., 1900-03-17

money. lois; for the account. 1o1 sic; French
rentes 101 francs 22la interesD centimes Span
ish As, nss
THE SILVER MARKET.-Bar silver, 60c Mex
can silver dollars, 47ac. Bar silver in London,
27Ssd.
GOLD PREMIUM.-In Madrid. 81; Lisbon. "A;
Buenos Ayres. 1870: Rome, 6SeIA
BANK OF ENGLAND'S GOLD LOSS-The Bank
of England bought $4,000 gold in the open market
to-day and sold 100000 gold Cape Town and
n55,000 to South America.
New-York tribune., 1900-03-17
STOCKS GENERALLY FIRM.
EXTREME DULNESS NOTED.
MONEY on CALL AT Z PER CENT-BOND
MARKET STRONG.
STOCKS.

Closing prices yesterday Of the principal ac-
tive securities and net changes from Thursdays
New-York tribune., 1900-03-17
unlisted
IMPORTS OF DRYGOODS,
PORT OF NEW-YoRK

PORT OF NEw-YoRK
Week ending March 10 laes 1899 la0o
Entered the port. S2o6tsl3 S2.2Sl. S4lIk T6a
Thrown market. 2.ll92l6 2.339, oS9 4 3g eso
From January l.
Entered port o5o s27 s26 6e2s7 ss2 1877 500
Ihro"n on the market @4oo''o0- -oeo3022 aS526.Oe4
New-York tribune., 1900-03-17

The report says that the increase in operating ex
peDses mostly in maintenance of way ana
maintenance of equipment the former item increas-
ing 1855 and the latter s27So5 The transportation
increase of sS7.940 in gross earnings the con-
ducting OF transportation expenses increased only
S5,0O6 and the freight earnings per freight train
mile increased from 81 25 for 1898 to 81 46 for 1894
New-York tribune., 1900-03-17
American Linseed
SAN FRANCISCO STOCKS

San Francisco. March 1.-THE Official clo.,,,
quotations for mining stocks to-day were as srt
lows:
New-York tribune., 1900-03-17
THE FEDERAL TREASURY.

Actl cash .s15e e4s.s7s s56 Inc s132 44o
Exclusive of gold reserve of $3.50 100000
GOVERNMENT NEUTRALITY-SUSPICIOUS. receipts
reported from Washington 1923 s46 internal revenue
receipts, SS0S939; miscellaneous receipts s3S 7S5
Total receipts for the day, S,7n621 expenditures
S1025000 Receipts for the date s26 5es 26;
expenditures s00700O0; receipts &c. 2l6
Receipts for the fiscal year to date s4O5 1; ex
penditures $780, Gil; of receipts $44 2 $50
Receipts of National bank notes for redemption
S249, ,SSs.
SUB-TREASURY.-The Sub-Treasury was cred
1tor at the Clearing House s51 1885, Its net gain on
balance was $3.50 1856, made up by gain In currency
OF S40o5oo and loss In coin of N6420 resulting In
general balance Of $242 S32 2S consisting Of 1921
14S coin and S1,012,1H currency. The business for
the week ended last night included receipts of
So,5O7,OS2 and payments OF s24S79,739 Deducting
from the receipts 81 900 and from the payments
S4sl2UO for items which affect its account with the
banks was s., ,491 293. ~
New-York tribune., 1900-03-17
ST. PAUL'S EARNINGS.

Gross earnings of the Chicago. Milwaukee and St
Paul system for the second week in March amount
ed to $766,1S an increase of s65 O7S over the same
week year ago.
New-York tribune., 1900-03-17
CHARACTER OF TRADING

IN the morning dealings the market was dun and
prices moved within narrow limits. Midday trad
New-York tribune., 1900-03-17


Ihe earnings per passenger per mile We're 17s
cents and per ton of freight per mile OLA cent as
against 1.52 and 076 cents respectively in 1885, In
the year 1850 GOO per cent consolidated debenture
stock was sold to acquire bonds of the Western
Railway Company. The bonds are now held against
the debenture stock issue Four per cent preferred
stock to the amount of f1 100000 was created and
sold to meet expenditures for rolling stock better
ments, etc. The first mortgage per cent Canada
Central bonds that matured October l. amounting
to f1s74OO, Were retired by an issue of 4 per cent
consolidated debentuTe stock. Land grant bonds
amounting TO Slo0Wo held by the Dominion Gov
ernment as security for certain work to be per
formed were surrendered and withdrawn The
company guaranteed interest of sS5O0 600 second
mortgage bonds on the Minneapolis ST. Paul and
Saut Ste. Marie Railway Company the proceeds
OF which were devoted to the payment of maturing
interest bearing securities. the purchase of rolling
stock and other purposes which were authorized
Approval is asked of lease of the Manitoba and
Northwestern Railway Company's main line and
branches. $50 miles in all. 1t is also proposed to
close the fiscal year on June 80 instead of De-
cember 81.
New-York tribune., 1900-03-17
MONEY AND EXCHANGE.

MONEY RATES.-Money call, 4Q5 per cent
with exceptions at 3h and per cent, per cent
being the ruling rate. Time money, 5G51a per cent
for sixty days, 4zQ5lz cent for three. four
Elk months on railroad collateral Commercial pa
per 5G5lk per cent for three, four and six months
for the best names. and above for not so
well known.
FOREIGN EXCHANGE Market steady. Actual
closing rates follow:
Gables Sight. Sixty days.
s.erline 4s6A 4s5AQ4s6 4s2Q4 sex
Fysnes 617H-16 51sx as ls14- 4-1-16 5.21H
Iz,raarks "a l5-leG95 94& ga 1916 "a 1-l6Q941 Is
CuiIders 4og4o lie 80 l3-16939A *
New-York tribune., 1900-03-17

CANADIAN PACIFIC'S ANNUAL REPORT.
The pamphlet report of the Canadian Pacific
Railway Company for the fiscal year ended De-
cember 81 shows:
New-York tribune., 1900-03-17

SALES AT THE STOCK EXCHANGE.
RAILROAD AND OTHER STOCKS.
New-York tribune., 1900-03-17

FORT WORTH AND DENVER CITY.
The Fort Worth and Denver City Railway Com
New-York tribune., 1900-03-17
CONSOLIDATED EXCHANGE SALES
STOCKS.

Open High Low Clos
ing. est. est. ing. Sales,
New-York tribune., 1900-03-17

Bankers posted rates were:
The Sumpter miner. [volume] (Sumpter, Or.) 1899-1905, 1900-12-05

toned to heavy strikes, were beginning
to be discouraged. Two Of the original
party sold out to Mr.. Rounds and Mr..
Gore, who entered the company just In
time TO share the glory and the prohts OF
the big lump.
"The names Of the present members
are, Edward r. Wheaton, from Baltimore;
Hiram 7. Fuller. Vermont; W. J. Harris,
Maine; Jesse Allen and John N. Lock.
wood, New York City; John K. VaIleau.
Natchex, Missis>ippi; A. Gore, Alabama,
and SPoiterd L. Rounds. Upper Canada.
A more industrious, moral, intelligent,
and In every way worthy company can.
not probably be found In California. 1t
always gives pleasure 10 hear of the sue.
cess ot such men; md such are the men
who, IN the main. are bound to be sue.
ceSsiul In this country. After telling
about the big lump, II may appear insig.
niticant to add that the same company
took out two pounds oi tine gold the
same day. We mention this Circumstance
simply to guard Atlantic editors against
the mistake into which some OF them have
iallen, IN supposing that all the gold Is In
big Jumps, and that they are as common
here as paving stones on Long Island"
lED.-Even at the present day chispas,
or small nuggets ot gold, are occasionally
pi, kei up on the streets ~ Sonora after
winters rain storm. l-San Francisco Min.
ing Review.