davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-27
WALL STREET AND EXCHANGES.

OUTSIDE SECURITIES MARKET. - Market
closed dull and weak. Standard OIL closed at 5320
$50, against 532d534 Saturday. Last prices on
other prominent issues Havana CONNER
cial 1918; preferred, 5SG591a; Baking Powder
93Q94; Bay State Gas. T4Ql6s; Pump, l7GlS; pre-
ferred. $685. Markeen Copper. sal; Amalgamated
Copper 9Oa9Ol2 Amsterdam Gas 25Q26; preferred
45046; Rubber Goods 3O4l31: preferred S2qs4; Dis
filling Of America, 7AQ7A; preferred 26l2; sloss-
Sheffield, 2SQ3O preferred 6Sq7O; Storage Power
12d14; General Carriage, 7&QS
FOREIGN TRADING.-Lonlon bought stocks In
the local market, taking in all about $4,000 shares Of
various issues. Arbitrage houses sold some BaltI-
and Ohio
ROCK ISLANDS BUSINESS officers Of
the Rock Island Railroad say that the business of
the road in volume exceeds February 1899 Rates
are In fair shape West, STILL the situation could be
better. The Southwest is large buyer of every
thing. and there Is a fair movement eastward, de-
spite the losses in grain loading.
STOCK LOAN QUOTATIONS.-Loa quotations
We're American Steel and Wire, Atchison pre-
ferred, Chicago, Burlington and Quincy and Mis-
souri, Pacific pa; American Steel and Wire pre-
ferred. Peoples Gas, New-York Central North
western, Northern Pacific common and preferred
Rock Island, St Paul, Union Pacific common and
preferred, Continental Tobacco, Delaware and Hud-
son, Southern Railway preferred, Jersey Central
Brooklyn Rapid Transit. Federal Steel common and
preferred, and National Steel common, 2a2Jb: Con-
solidated Gas American Tobacco Manhattan
Pennsylvania, Tennessee Coal and Iron Western
Union, Louisville and Nashville, and National Steel
preferred, 2; Third Avenue Railroad, l, and Sugar
Refining
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-27
BONDS.
THE DAYS OPERATIONS IN STOCKS.

The stock market extremely irregular and
dull Conflicting views the immediate future
of the money market We're doubtless responsible
III part for the light trading and heavy ten
dency of values. but the more important in
fuenees were unquestionably the speculative
course of Third Avenue stock. the uneasiness
over the company's future and the fear that the
company's troubles may involve Wall Street
more heavily than many people are willing to
believe is possible The stock again demon
a4fzed When it touched 6S and then began to
rally il was thought in some quarters that that
price marked the low level. but not a few opera
tors predicted 80 for the issue. 1t would be of
interest TO Wall Street If IL could find out where
Mr. Keene stands in Third Avenue speculation
az the moment and how much truth there is in
the story that the current decline in Third Ave
nue. represents efforts by the Metropolitan inter-
ests tc punish certain people who were heavy
winners in the December market, and, incl
dentally, to secure the control of the Third Ave-
nue. company. Certain big men went into Third
Avenue at par. Perhaps they were shrewd
enough TO sell out before they were badly in
jured but if they did not sell the chances are
that they will be able only to make deal with
the Metropolitan interests terms which will
involve serious loss.
The Third Avenue affair may have several
more chapters. and until it is decently adjusted
public sentiment is bound 10 be unfavorable
II Wall Street is anxious for the public to buy
its wares fl will have 20 clean house in certain
speculative quarters, where conditions have be-
come unhealthfuI and bad. The public was hurt
last fall and IL doubtless is now profting by
that experience. Despite the splendid position
of the factors governing actual values it is
hardly possible TO expect the public to rush into
the market when substantial spectators are
playing football with Third Avenue, Sugar Re
fping and Tennessee Coal and Iron. The pub
lie is out Of the market and the big speculative
interests are cutting each others Threats. While
the public is out OF the market, far as buying
is concerned, public owners on big margins are
not disposed to part with their possessions at
the ruling level. Banking interests are buyers
of stocks. and when the Third Avenue specula-
ton runs its course the public Spectator may
return TO Wall Street.
The traction issues. the steel stocks and Sugar
Refining were the chief weak features in yes
terday's market, the railroad issues, especially
the cnalers exhibiting strength throughout the
day A good demand for Norfolk and Western
was again noted also for the Reading securities.
Railroad earnings received for the third week
in February made further heavy gains, note
worthy increases being shown by Louisville and
Nashville Norfolk and Western, the Mexican
roads and Missouri Pacific In the end the stock
market will work in favor OF higher prices,
railroad earnings being the lever that will carry
values TO q level more in proportion TO the in
trinsie worth of securities. The market closed
unsettled.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-27
CHARACTER OF TRADING.

Third Avenue and the rest of the local traction
group American Sugar Refining and the Industrial
stocks in general were the conspicuous weak feat
ures in yesterdays market. Conflicting views OF
the money market situation and uncertainty over
Third Avenues future and the Sugar Refining
dividend were the controlling factors In the days
speculation. The railroad list was not active, but
generally firm, the coal stocks in particular show
ing decided strength. The break in Third Avenue
amounted 10 7& per cent. Sugar Refining lost ~
per cent; Metropolitan Street Railway. per cent
and Consolidated Gas, AS per cent Tennessee
Coal and Iron fell 5h per cent, rallied over 8
points and closed 8 loss Of point This
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-27
MONEY MARKET FACTORS.

The money market exhibited 1rmer tendency
and sterling exchange market showed marked
weakness The last named factor due to an
increased supply of cotton bills and TO the grow
ing export demand for this product In time
money, large lenders were more inclined to de-
mand Az per cent the minimum rate. although
loans were made on gilt edged railroad stock col
lateral at per cent The rate was Az per cent for
four five and six months on admxture of 20 per
cent Of industrial securities. A number of lenders
however. asked per cent on mixed loans. and on
all industrial stocks the no longer uni
formly per cent on time. Lenders almost without
exception prefer to put out their funds on long
time. Business in prime mercantile paper In this
city. at below per cent, moderate and the
supply of paper was larger. The banks have lost
heavily to the Sub-Treasury since Friday night
que IN great part 10 the Central Pacific payment of
100000 its note to the Government. This note
was not due until August. and its payment
reflects confidence on the part of powerful financial
interests that there VIII be disturbance in the
money market this season.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-27

iron and steel stocks. Sugar Refining was ieaoei
In weakness on sales to anticipate reouos'O :,
or the passing Of the next quarterly dlvidehu -
declined over points. American Tobacco was
ndor sora nrassure but offerings absorbed
bv strong houses 1t lost over per cent. People
Gas received some inside support IN the railway
list considerable strength was SHOWN by heaulns
issues on rumors of favorable January state
ment and in Norfolk and Western and Atchison
preferred Near the end fresh weakness was de-
welcomed in Third Avenue Railroad. and Sugar Re
fininR was Influenced by fresh recessions here Gen
eral market closed heavy and unsettled
Some of the buyers and sellers were; American
Tobacco-Iawson Hudson & Co. bought Lad
enburg Thamann & Co. 1000 Kohn & Co. /.
F. Mead and Pepper & Stern sold. St Paul-M Z.
Bowler bought F. f. Ames sold. Leather Fleid
bought. Reading first preferred-l. x >. "orhser
bought Third Avenue. & s. Wormser Halie
G. Stieglitz q 500 and traders bought Metropolitan
Railway-L& S Wormser bought Atchison preferred
walsh Taller & Co and Housemau Co. bought
Reading second preferred-De Haven, Dick Broth
ers, Post & Flagg and Noble & Mestre soid'
Brooklyn Rapid Transit. Field bought; T. D. ray
Tor sold Tennessee Coal and Iron-F. w. Giley,
Whitehouse & Co. and II. II. Hart bought; Blair
& Co, ]. r. Wniston and Van Emburgh & After
bury sold. Reading first preferred-Buekhout
Davis & Co. sold 1900 American Tobacco-Huuson
& Co sold. Pennsylvania. j. Taylor ana j. FleId
bought. Third AvenLe-J. Leopold and traders
bought. Manhattan-IT. Werner bought Union
Pacic-Randolph & Co sold 1000. Sugar-Minzes-
heimer bought 900. Leather-C. l. Hudson sold loo
Brooklyn apid Transit-M Bowler Dick Brothers
and Flower & Co. bought D. Bacon ]. s. Bache
and j. Amory sold. Wire-F. Savin bought; Hum
bert sold Atchison preferred-J. Wallace bought
1000 Reading first Observation-Disclosures (2OO
and Kirkner bought. Third Avenue-COntent & Co.
bought; c. c. Coffee q. 500. Content Co and
w. d. Hatch sold. Union Pacific-Henry Brothers
and Post & Flagg bought; Goodhart sold. Third
Avenue--A II. Content. j. A Blair and Sdenberg
& Kraus sold Sugar-Content & Co. bought; J. ].
Manning and Ladenburg, Thalmann & Co. sold. Peo-
pies CASE Gould sold 1000. Third Avenue
Strong Sturgis & Co, sold Manhattan-Grant Broth,
sold Reading first preferred-J NJ. Shaw sold
]. 0O0 Leather. NJ. Shaw bought l5O0. St Paul
Halle & Stiegtz bought 1000. American Tobacco
Hudson& Co g 0O0 and Uman Brothers bought. Third
Avenue-Halle & Steglitz bought 600; Minzesheim-
er sold. Sugar.. II. Ciresei bought 1909. Leather
II. L. Horton sold. Manhattan-Halle & StieglitZ
bought 500. H. Clews sold Chicago, Burlington and
Quincy. Louisville and Northern and Southern Rail
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-27
HEAVY WESTERN GRAIN RECEIPTS.

Receipts of grain at Chicago last week were
heavier than In any preceding week of the year.
6.761. 900 bushels I'm the same week year ago. The
deliveries at primary points We're 12,9S3OOO bushels.
compared with lisp COO bushels in the preceding
week and lS.675.O00 bushels year ago. Receipts at
Chicago increased l41 per cent the preceding
week The increase over 1898 s39 600 bushels.
l6 per cent. while compared with 1897 the
gain 2.S36O0O bushels 9l.5 per The
largest hve roads brought IN 70 per cent The Bur
lington which has been gaining for several weeks
delivered 1888 600 bushels pa per cent the high
est this year. The Northwestern very close
with 1856 600 bushels 20.2 per cent The Illinois
Central carried 7O7 600 bushels and St. Paul
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-27

Bankers posted "a

DOMESTIC EXCHANGE.-NeW-O Orleans - Com
nlerc.al. 81 3 discount; bank. 81 premium San
Francisco-Sgbt. l71zc: telegraph. zoe Cincinnati
Between banks 25c discount: over the counter 5Oc
premium. Chareston-Buying, par: selling, 1-1Oc
premium. Bosten-ls 2-3c, sc and aOc discount
Chicago-30c discount. ST. Louis-lOc discount Sa-
vannah-Buying par; selling. s. per 81 600.
BANK cLEARINGS. - New-York - Exchanges
sos 3s,5s2: balances s74s29f7. Baltimore-Ex-
changes s2.5 .3Os: balances y521 S0i Boston-Ex-
changes sis0ss, ssl; balances, 81 PA s65. Chicago
Exchanges Ss 42l 5SS; balances g. SO 247. PhiadeI
phia-Eschanges. Sl4e77.Oes; balances, s2,0Ss,72O
FOREIGN MONEY MARKET.-Call money in
London. 5iz per cent Open market discount rate
for short bills, 3ssd3 HIS per cent. and for long
bills. D-l6Q3s. per cent Berlin discount rate az
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-27
NORFOLK AND WESTERNS, EARNINGS.

The Norfolk and Western Company made an
other record breaking showing of earnings for
the third week IN February. Gross earnings in
creased S94 97S the week year ago.
making for the three weeks Of the month total
gain of $2S4G76. From July / the company's gross
earnings have increased 81 3sS as compared with
the corresponding period In the preceding year.
Buying of the common stock continued IA heavy
scale yesterday, and predictions were made that
the price would cross 40 In view of the dlvi-
demo possibilities of Norfolk common its market
value would certainly not be dear at 40 or more.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-27
Decrease.
ERIE'S GAIN IN EARNINGS

The Erie Railroad reports gross earnings for
January at s292S7O9, an increase of $4ss S75 over
January, 1899 Net earnings increased for the
month A75,449 From July the company's net
earnings have increased 1881 S74. In the same time
operating expenses have increased 81 5O47O4 The
Erie is being ably managed. and the result of
current expenditures the property will be OF
benefit to the security holders
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-27
AMERICAN SECURITIES ABROAD.

London. Feb. 26. p. m.-American railway shares
opened dull ana weaker I'm cases, and remained
50 throughout the session. The final tone was
steady and the demand light Last prices were:
Atchison 2Il&: Canadian Pacific 1905; Erie 49, Erie
first preferred sSss; Illinois Central. lls; Union
Pacific preferred 1874; 81. Paul. l242l: New-York
Central 1876; Pennsylvania $751; Reading go: North
err Pacific preferred 765k Louisville and Nashville
eslk Grand Trunk s9s ano Anaconda. g.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-27
GOVERNMENT BONDS HIGHER.

An increased demand for Government bonds in the
last few days has been feature of the bond mar
ket. In yesterdays dealings prices advanced full
point the As of 1925 and the reaching higher level
than before recorded The advance Is due to
the belief among investors that there will be an
active demand for Government issues when the re-
funding measure becomes law and the banks are
allowed to increase their circulation the par
value of the bonds deposited. II IS generally be-
ieved that large amount of new circulation will
be taken out by the banks
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-27
NEW-AMsTERDAM GAS BONDS

The New-Amsterdam Gas Company directors
have authorized an issue of $4,000 bonds TO rem-
burse the treasury for expenditures made last fall
In construction work. The president OF the com
pany said after the meeting yesterday that the
directors had plans under way for various i'm
provements which would be carried out in the near
future
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-27

RAILROAD BONDs.-Maraet irregular Total
sales amounted in par value to a,3ls 800, against
sS56.0GO Saturday The heaviest dealings were in
the Atchison and Baltimore and Ohio issues Cen
tral Of Georgia IS. Chesapeake and Ohio 4ias Col
Grade and Southern first Is, Mexican Central first
incomes Norfolk and Western As Northern Pa
eic IS and Is. Reading general As San Antonio and
Arkansas Pass As St. Louis Southwestern DDS
Southern Pacific As. Southern Railway first IS,
Union Pacific As and Wabash debenture BIS.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-27
HONEY AND EXCHANGE.

MONEY RATEs.-Money cali 2a2lz per cent
Time money. 4G5 per cent for sixty days. 413d5
per cent for three four and six months on rail-
road collateral Commercial paper. 4Q5 per cent
for three four and six months for the best names
and above for not well known. the bulk
of the business being done at per cent.
FOREIGN EXCHANGE-Msrket easier. Actual
closing rates follow.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-27

per cent Berlin exchange London. 20 marks e91s
pfennigs. Paris exchange on London Is francs iSlh
confines Paris discount rate. ga per cent -.
FOREIGN SECURITIES.-British consos fos
money 1oIss for the account l@Fs eTeheh re''eS'
l0l francs 32i5 confines Spanish as of12.o.,
THE SILVER MARKET.-Bar silver 5sa4c Mex
lean silver dollars. 47Ac Bar silver In London
27IRd
GOLD PREMIUM.-In Madrid. 3l.2O: Lisbon. A;
Buenos Ayres, 1870; Rome, 40.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-27
FEBRUARY RAILWAY EARNINGS.

Railroads reporting for the second week in Feb
ruary returned a total gain in gross earnings over
the same week in 1899 of nearly 80 per cent. The
record for the third week may not be quite so
heavy, but il will be seen in the subjoined list of
returns received yesterday that traffic is still
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-27
STOCK MARKET IRREGULAR
BEARS GENERALLY ACTIVE.
TRACTION AND INDUSTRIAL SHARES
LowER-Rl ILRoAD ISSUES FIRM.
STOCKS.

Closing prices yesterday of the principal active
securities and net changes from Saturdays last
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-27
COLORADO SPRINGS STOCKS,

Closing quotations on the Colorado Springs Min
ing Stock Exchange furnished by William p Bon
bright & Co. of Colorado Springs:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-27
THE FEDERAL TREASURY.

Acti cash bal s295 2565s0 $296 S24 sl436T44
GOVERNMENT RECEIPTS.-Custom receipts
reported from Washington 1896 1874; internal reve-
receipts 81 5242 POS miscellaneous receipts 81 9
500, Total receipts for the day. $5199513; expendi-
lures, $2.l05O00. Receipts for the month to date,
A2 997 expenditures $ 900; excess Of receipts
S24S997 Receipts for the fiscal year to date 1915
1851 expenditures 1888 595 1879; excess of receipts
s3712O,51s Receipts of National bank notes for
demption S26S,617
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-27
'Unlistet
BOSTON STOCKS.

FURNISHED by r. L. Day Co. No. Broadstl
To
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-27
FERRY COMPANIES.
BANK STOCKS.

CReported by Clinton Gilbert. No wan-stl
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-27
THE DAYS OPERATIONS IN BONDS.

GOVERNMENT BoNDs.-Market strong. Final
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-27

Net earnius. mos s. 4sd.Ss2 sS.sSS'oSs seso'N~-
>Su,,,,- wax sIrsoI-EHANNA AND WESTERN.
,I,el,Ag wnkesharre ana Eastern RaTOsdl
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-27
RAILROAD EARNINGS.

BALTIMORE AND OHIO sourHwEsrERN.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-02-27

"Anx interest
The evening times. [volume] (Washington, D.C.) 1895-1902, 1900-11-17

Apparently there is no government
without the consent Of the governed
in our Territory of Hawaii, After real
oId-fashioned hot American can, ass. tn
natives of the islands have elected enc
Of their own number as Delegate in Con
gress-a haIf-breed named Wilcox. Ke IS
not altogether a desirable addition to
our craftsmanship, and is said to be 9Th
erwise than eIubable in many respects
Still he is the choice of his people, which
is more to the purpose.
I. interests US to read remarks IN the
Administration press today. suggestive of
the thought that perhaps an unrestricted
suffrage. whics IS entirely proper and
necessary in Democratic States like the
Carolfnas and Louisiana, may not be an
undnuted blessing in the islands of the
sea This idea is not particularly rev,
however We are told that many Of the
Republican leaders hesitate to apply the
threatened vengeance of reduced repre-
sentation to DISTINGUISHING States of the
South, because the precedent might opeT-
ate uncomfortably in connection with the
Philippines When the Supreme Court
decides that the Philippines form an into
grail part of the United States-or, rather,
will when We get physical possession Of
tlem-the question of government under
the Constitution is likely to create some
Embarrassment in the matter Of suffrage,
which, II do universal, might lead to
trouble
Nobody can tell, for instance. what a
campaign in the archipelago for Delegate
in Congress might result in. If MAORI
" of the islanders were allowed to de-
eide. he could hardly be :. a Tagal. He
Nigh. De an Ygorote, or a Moro, and he
might make his appearance on Capitol
Hill clothed with nothing but a breech-
clout and his native dignity So, We per-
ceiye that the suffrage question is a pecu-
IiarIy delicate one at this time, and one
which We thnk Mr.. Mckinley is very
wise to handle With gloves, and likewise
with tongs.
The evening times. [volume] (Washington, D.C.) 1895-1902, 1900-11-17
Circulation Statement
The Cuban Investigation.

Senator Piatt of Connectieut presided
yesterday at the obsequies of the Cuban
investigation. confided TO the COMMITTEES
of which he is chairman last June. The
matter VAS taken up by the Senate. as a
pretended concession 70 Iti3liG opinion.
but it was never seriously intended that
any action should follow. The Admins
tration knows better than to stir Up the
contents OF hat carDetbag.
Mr. Plat and his colleagues held their
funeral session behind closed dGors.
When they concluded it and started for
the department Of internal affairs, where
large cold bottles and small red-hot birds
are dispensed. the announcement was
made that no further meetings would be
held until after the assembling of Con-
gress- Neithsr will there be any report.
1t is a clear case Of smother. Perhaps the
country is 20 be congratulated upon the
decision to suppress the truth of our rot
ten rule in Cuba. Exposure might pos
sibly lead TO the disgrace and punishment
of one or two officials; but others as bad,
If not worse, would step into their shoes
and the game would go on just as usual.
There has been a vast deal OF footing in
the island. and corruption OF all kinds is
so much the rule il Havana that the in
habitants would be fearful that the end OF
time had come were it to be stopped. It
viii not be. Carpetbag government can
be relied upon to breed. promote. and pro-
tecj rascality, until the sun goes out.
The evening times. [volume] (Washington, D.C.) 1895-1902, 1900-11-17
PIutocracy and the College.

It becomes more and more evident that
men Of wealth intend, if possible, to con
troll by their millions ali OF the higher IN
situations OF learning in this country, and
sthat their control will be Injurious in
Two or three different ways. Two recent
incidents which lead one to this concIu-
sion are the dismissal of Professor Ross,
OF Stanford University, for opposing the
deportation OF Chinese coolies, and the
avowed intention of MIR Carnegie to en-
dow polytechnic college in PIttsburg.
Of course, the fact that a millionaire
gives a part of his money to a college is
not in itself destructive to the welfare
OF the Community But as in the case of
all actions. the goodness of such deed
depends on the object with which 1t is
done. and the consequences which follow
il. When it is intended to whitewash
doubtful reputa tioHs OF influence unduly
the mirds of the young. it is certainly
bad.
J. G. Holland was not a great novelist.
but he created one inimitable character, 8
man who foreshadowed some of the null
t,-miilionaires CT the present day That
S24nAEANLEA NeiS 1sODC1l IGlCACA, u OCNCu-
oaks, an INSCRIPTIONS, greedy, grasping
capitalist, who, from having absolute
financial control of the little town of his
birth, rose to the position of a Wall
Street fnancier and wrecked that town by
= shrewdly managed game OF corruption
in connection with crippled railroad. It
IS curious that a writer so PurltanicaIIy
serupuIous as Holland should have por-
trayed with such marvellous skill this
great rascal, and deIicted with such IN
erTing truth the influence which he had
in the community.
Toward the end of Belcher's baleful
career-and he was not a Machiavelf.
only a coarse, brutal, determined maker of
money-he is represented az saying to
his factor that he is ..pining for a the
illogical seminary" Ii other words, he
longs to enjoy the gigantic joke Of en-
lowing. with money taken from the poor
and helpless. theological seminary for
the training of orthodox young nen-an
institution in which he shall be regarded
as an object OF homage and reverence, and