davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-11-16
INTERNATIONAL BANK AND TRUST CO.

The International Bank and Trust Company of
America, with an authorized capital of 100000.
of which sl,S0.e0 Is outstanding is Offering at
slO share s32Oo.OoO additional STOCK which will
make the total amount outstanding 100000 Ii is
officially stated that the growth of the company's
business affords ample opportunity for the prod
table employment Of the proceeds of the new stock
This company is neither new nor an experiment
as 1t represents the union of the Mexican Trust
Company and the Corporation Trust COMPANY of
Delaware both OF which have been highly sue
cessful in their respective spheres. The former
company had well established banking business
with central Office in the City of Mexico and
branches in eight different large centres in the
Republic of Mexico.
The Mexican Trust Company was organized
under Delaware laws in June. 1901. For the first
dividend at the rate of per cent per
annum earned and paid on the company $
stock. For the three months ended September 50
a quarterly dividend Of per cent was declared
and large balance carried to surplus and I'm
divided profits. This company was the first inter
national banking institution to be formed and
hnanced Tor the purpose of operating system of
branches In a foreign country. Special attention
was given to the troublesome question of foreign
exchange in Mexico. IL established a system OF
par exchange 20 its depOsitors from its, branches
on the City of Mexico. which at once became
highly popular.
The board of directors OF The new company con-
different sections the United States and Mexico
20 the establishment of a Pan-American bank
The need OF such an institution has been clearly
proved to be imperative
The nine branches OF the Mexican Trust Com
pany bank in Mexico be maintained bv the
new corporation. and additional branches estab-
Ished as soon as possible In eight other cities of
Mexico. it must be remembered that Mexico is
rich In resources and is a growing country ana A.
Is safe 10 assert that every branch office opened
Oy the company there will he successful Still
another branch Is 20 be established in Havana
Cuba. ~
The new company has obtained control in the
United states and Latin America of a patented
cheek system. which enables customers 70 certify
their own checks on behalf OF the hank A com
tract for the blank forms has been placed with tine
American Bank Note Company. and 10 Is expected
year. F'
The terms of subscription for the new stock pro-
VIDE Tor the payment OF 10 per cent allotment
10 per cent thirty days later. IS per cent three
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-11-16
CLEWs'S VIEW OF THE MARKET

Henry CIews, in his weekly financial review, says
Of the stock market
Continued liquidation has somewhat improved
stock market conditions Prices have Undergons
a very remarkable decline. compared with The
highest of the last two years Many Of the active
railroad stocks are now selling I'D 20 - points o.
low top figures. and not few have dropped p %
50 points more. The indust-ials show still great
er losses IL IS source OF substantial Satislscue
that this very severe contraction has been efecte-
without serious disaster and without imposing any
activities.
The Improvement in the situation mas not beer
entirely confined 10 the stock market COnsldeI.
able relief is observed i'm monetary circles cal
money is easier. and bank reserves are rising as
result or the forced contraction in loans. Bankes
have at last turned a sharp corner ia the matter
of credits. and scant consideration is now given
taken up wIth-avidity. For this change Of att
tude, which came none too SOON our bank Officers
GeSerNe Iull creult, and the indications are t4.
there VIII be no reversal of this spirit of cautA
for some time TO come.
which is impossible under our present iaadequas
currency system. the demand must decrease
contraction and liquidation until the countrys say
inss provide a fresh supply OF capital with WhGa
20 larry OUT present obllSatto At present % 7
a simple proposition OF having used up the avail
aole supply of floating capital time and retrenca
Hcht oelng necessary for its TcstOra ton.
Outside OF the money market the situation e
talrN satisfactory. There is little occasion foi
S&tmCSrn beyond the fact that hgn prices are ~
ginning to check enterprise and deClinns
profits are certainly becoming more numerous
rueIe y no uouht but that the crest of prosperity
WaVe mas been passed and partial reaction is on
thoush ILe volume of business seems large Whs
sxIedsuIed IN dollars. When quantities are uSel
TOT COMPARISONS the results are not 81 gratifying
me disastrous effects OF the late coal strike have
nOt YET oeen fully felt. The consequences OF hisn
priced fuel will shortly he seen i'm diminished profits
20 tne producer and nigh prices 20 the COnSunlei
Muse sentiments rather than his Judgment lea
MN 10 sympathiZe with the strikers. Some very
HaIuaDle lessons in economics are being Learned
JUS now IN the costly school Of experience.
Tue future OF the stock market deDends lsrset
upon the tactics Of the big bankers and capitalists
VINO engineered the recent decline chiefly O. hrlns
ABOUT wholesome readjuStmeut OF values and m
TlHehtally Z" curb the power of reckless spett
IdtOIS whose operations We're "A menace 20 uls
SuIife street The prolonged downward movement
mas not as vet exhausted. itself: when il does :
temporary reaction viii naturally follow.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-11-16

constructing seven plants. The work put into
plants last year about 100000
BANK CLEARINGS.-The total bank Clearngs
OF all the clearing houses Of the United States for
the week ended November - were S.6S1 SSO.sO2
against 81 26s. 3s4 497 in the preceding week and
81 500 725 EOS I'm the corresponding week last year.
WABASH TRAFFIC HEANY.-The Wabash peO-
pie report shipments Of all kinds their lines
very heavy, The volume % westbOund traffic is
heavier than ever before n-the history of the road
and grain is moving very freely from the West.
CANCELLING FACTOR PLAN DENIED.-The
leading local sugar interests say that there is
truth in the report ,hat the arrival of the beet
sugars here may result in their abolition of the
factor plan by the former in selling their sugars
has been reported
METROPOLITAN MEETING.-The annual meet
ing of the stockholders of the Metropolitan Street
Railway Company will be held on December l at
at the Office of the company. No. OIL Broad
way special meeting of the stockholders will
also be held at the same place and the same
day l o'clock in the afternoon for the purpose Of
voting upon proposition TO adopt a bylaw OF the
company prescribing period OF ten days prior to
meetings of the stockholders during which time no
transfers of stock the books of the company
may be made and also for the purpose of voting
upon a proposition alter the certificate Of in
corporation of the company by amended certif-
cate providing that the directors shall be classified
into three classes of three members each holding
office respectively for one and three years. and
TO amend the bylaws accordingly.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-11-16
SECURITIES VALUES RALLY.
COVERING OF SHORTS AND INVESTMENT BUYING CAUSE AD
VANCES AFTER DECLINES IN THE EARLY TRANSA CTIONS.


Island and Pacific as Fort Worth and Denver city
hrsts Mexican Central first incomes, Northern Pa
chc IS. oregon Short Line IS. Reading general Is,
Union Pacific first and convertible as and wabash
debenture BIS. Colorado Fuel and Iron convertible
Is and Consolidated Tobacco Is were also active.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-11-16
WALL STREET AND EXCHANGES

EoPEJGN TRADING.-FOreSn houses dealt In
a few thousand shares. evenly distributed Amerl-
can stocks in London were rallied on newborn
buving orders and the covering of local shorts.
and closed at general advance of y to per cent
This was taken as evidence OF organized support
for the market. and foreign houses. although they
expected the sale of some Of the stocks bought in
London during the day. also considered that there
would be some buying for foreign account.
FOREIGN EXCHANGE CONDITIONS. - c.
Schumacher & Co. say;
renewed since report of the 18th inst. and
sequenty the supply of finance bills has been very
stion. and believe that rates will continue high
for the balance of the year. The probab ility of
as the bankers will their credits abroad to
their fullest extent. and when the price OF ex-
shipments can be made the market is flooded with
finance bills. Call money rules firm at from to s
days is active 6a6Ia per cent; and while
time funds are in such good demand think
until spring The Treasury report of exports
OF cotton for the month of October shows a de-
1901. while imports are largely increased: and I'M
less these figures reversed Europe will have
to be paid in gold for our indebtedness
THE COTTON MOVEM ENT.-AccordIng to .aThe
Financial Chronicle the total receipts OF cotton
for the week ending November IA reached s,1 4.s
bales against 31s6s6 last week and 3Oi7s1 the preyi-
Gus week, making the total receipts since Septem-
Der l. 1902 2.s1Tllo bales against 2T42550 for the
same period of 1901. showing an increase since
September 1. 1902. OF ia $50 bales
AMERICAN CAN COMPANY PROSPECTS If
is said that the American Can Company will show
per cent earned on the common stock at the end
of the current fiscal year The total net earnings
will be between 100000 and S.ooa0no The sum Of
100000 has already been spent this year in re-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-11-16

DOMESTIC EXCHANGE-New-Or Orleans - Com
mercial. 81 25 discount: bank, par. San Francisco
Sight. par; telegraph. 2a- Boston-lO2dIOs and 2Oc
d.scount- Charleston-B Buying i-l6c discount: sell
ing. l-sc premium. ChicagO-l0c premium. Cincin-
nau-Between banks. SOC discount: over the coun-
ter, SOC premium Savannah-Buying. &c of; sell
ing. par 20
FOREIGN MONEY MARkET.-CaIl money i'm
LONDON S1Z+ per cent; open market discount ra te
lor snort pills 5-le1SA cent: long bills 7-is
, psr cent Berlin discount rate. 3s per cent for
rlISe months bills and ga for short bills
Bernn exchange on London. 20 marks As pfennigs
tatts discount rate. 25s per cent. Paris exchange
on London . francs ffiz centimes
fOkEliN SEcU RITlES-British copsois for
"OheS' 80 Slo' for the account 80 7-is Spanish As
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-11-16
STOCKS.
tations were:

Closing prices yesterday Of the principal active
securities and net changes from Fridays quo
Il
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-11-16

in London s517; French rentes, 90 francs 20 CEN
times
THE SILVER MARkET.-BaT silver. 49c MeNl,
can silver dollars SOC. Bar silver in London closed
at 2224d.
GOLD PREMIUM.-In Madrid. 30; Lisbon. 26
BuenOs Ayres. l27.3e
RAILROAD AND OTHER STOCKS.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-11-16

RAILROAD BONDS Market irregular. Total
sales amounted In par Value 50 1856 500 against
ES2o.01O on Friday The heaviest dealings were IN
the Atchison general -. Baltimore and Ohio gold
is Central ~ Georgia first and third incomes Chit
caso. Burlington and quincy Is. Chicago. Rock
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-11-16

months from the date OF allotment . per ceT
still six months later and the final - per cent Mn
months from the date of the initial payment.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-11-16
MONEY AND EXCHANGE.

MONEY MARKET.-Quoted rates follow: Money
on CALL per cent. Time money quoted at 6
per cent for sixty days 81. per cent for ninety
days and four months and 5Izd6 per cent for five
and six months. Commercial paper quoted at 5Iz
per cent for sixty ninety days 5lkGS per cent
for choice four and six months single names and
above for others.
FOREIGN EXCHANGE-Market closed firm
Actual closing rates follow:
Cables Sight Sixty DAYS.
Sterling ....... ss7z s.s6HG4.sTh 4ss&G4sS
Francs ....... s5l5s. '5l5sq5l5S -5ls@d5Is4
Rechsmarks. .s5a .@e5 ZIG e5i. ao5 5ls 04S694as
Ciuilders. sOis4sO3- SeT. $50 i5-i8
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-11-16
AMERICAN SECURITIES ABROAD.

London. Nov Is, p m.-The market for Ameri-
can securities closed strong Final prices follow:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-11-16
WEEKLY STOCK CHANGES.

The usual weekly table of price changes for the
active stocks follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-11-16

Actual sales--I-C1osng-j Shares
'Open High Low Fin. Bid Ask Sold.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-11-16

Saturday. saturday. Net
Nov. S. Nov. 10. changes
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-11-16

Totals Il months end
ed October ..-...-
Totals 10 months end
ed October. ..-..
Excess Of exports. II mos.
ended OctOber-......
Excess OF exports. 10 mos
ended October. ..---
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-11-16

Total for the week q 374 ara
Total IN preceding 73s 1893
The Montgomery advertiser., 1902-10-25
ON TIE RANCH.
Western Air and Proper Food
Give Long Life.

The fine bracing air of the far West is
sometimes counteracted by bad food. A
combination of good food and air. how
ever. is pretty hard to beat.
Out in Wood Lake. Neb., Mrs. Paul
Kennicott lives on a ranch; she has to
scrd in to Omaha for most of the neces-
stiles of life and got her first supply OF
Postum in that way.
She writes that for nearly year she
has used Postum Coffee exclusively and
many who stopped with her, as they fire.
ouentIy do on the ranch, could not tell 1t
from the best brand of coffee. We quote
A rortion of her letter as her reason Tor
using Postum exclusively in the house
hold.
She saws, Il know it has had beneficial
effect on my family. l hear very little
complaint of dull headache as l used TO
when we drank coffee; as for myself,
was so troubled with palpitation and ach-
ing of my heart that / consulted ply
stefan and was told that l had serious
heart trouble which would necessitate my
giving up everything but the lightest
Homework But now after busy sum-
mers work, doing the cooking for my
family which with the hired help num-
bers and 10 persons, l can say that
have had no trouble with my heart and
my general health is excellent.
l wish all coffee drinkers could realize
how they are undermining their health
by it's use and would change to that best
of all drinks, Postum Coffee. | wish to
add that we use a package of Grape-Nuts
a day which will attest the favor in
which the food as we'll as the coffee is
held by my family"
The Montgomery advertiser., 1902-10-25
ENdLAND's NAVAL PLANS.
Ships Regarded as Ineffective to Be
Stricken from List.


Liverpool. Oct. A.-Mr. Arnold Forster,
Financial Secre to the Admiralty.
was the guest Of honor tonight at the
Conservative Clubs dinner.
In an address in which he outlined thu
adm.raltys progr nm, Mr.. Arnold Forster
said he regarded the agreement between
tie Government and the Cunard Steam
ship Company as payment of value re-
ceived for protection in time of war
and that the proposed Cunard steamers
were intended to possess special qualities
not obtainable or a purely commercial
basis of agreement.
Committees upon which the Government
is represented are now sitting with the
object Of remedying the existing chaos in
the equipment of vessels and of devel-
oping Standardization. II the Standard
zation problem is solved. said the speak
er, more will have been accomplished for
British trade than could be done in twen-
ty years of legislation.
Continuing. Mr.. Arnold Forster said
the admiralty Is at present extending the
principle of employing private enterprise
In ship building. Every big gun of any
make on the new We ,sels Is to be inter-
changeable in all its parts. Fifty-seven
ships which are not considered effective
are to be stricken from the navy lists
and the armament Of some existing ships
are to be doubled. The most powerful
squadron of cruisers which has ever
sailed the seas is about to be commits.
stoned. said Mr.. Arnold-Forster. and
even in absence of the Channel feet,
Great Britain would have powerful pro-
lection.
The Financial Secretary urged the need
of more business-like arrangements for
the JOINT utilization Of the army and the
navy.
The Montgomery advertiser., 1902-10-25
DOWN TO MINIMUM.
President Orders Army Reduced to
56,0S0 Men.

Washington. Oct. PA general order
to the army was issued today announc-
ing that by direction of the President,
the organization of enlisted strength of
the army under the reorganization act of
February, 1901 shall be reduced to Sc, $50,
the minimum authorized by law. Under
this order, the various arms of the army
will be reorganized as follows:
Infantry companies. IS; coast artillery
companies, 1903; field artillery batteries,
40: two siege batteries leo each; cavalry
troops. 65; engineer corps. 1O4; except
that at the service schools at Forts
Leavenworth and Riley, the cavalry
troops are allowed IS enlisted men and
the infantry companies 1870 men. Another
exception is made in the case of the le-
cation guard of infantry at Pekin, which
is fixed at IS men.
These reductions are to be effected by
casualties as they Occur. through expira-
ton of service, etc. or by transfers here
after directed so that recruiting especially
for artillery and engineers will be con-
fined to the re-enlistment of deserving
soldiers who apply within three months
of date of discharge or such other en-
listments as may be specially authorized.
The Montgomery advertiser., 1902-10-25
BOOTH TARKINToN s1EAKs.
First Political Effort of the Famous
Novelist.

indianapolis, Ind. Oct. 24.-Booth Tark-
inton, the author, Republican candidate
for the Legislature, made his frstT polit-
icai speech tonight. 1t was at an engine
house, the crowd being people of his own
ward. The County COMMITTEES insisted
that he appear. but Mr.. Tarkinton con-
fined his remarks to the briefest possi-
bic space. He spoke as follows:
Mr.. Chairman and Gentlemen-I wish
to explain that / did not expect to be
one of the speakers tonight but really
came out for the pleasure Of meeting you
and 1t is a great pleasure.
THE only thing that we need to en-
phasize is the necessity Of getting out
our vote. There are eight candidates
from this Second Ward. The man that
we need to reach is the apathetic. even
the Democrats help to get out the vote.
This Is what we are working for.
I'VE have been listening TO the speeches
that others have been making with
great deal of qualification. I tried to re-
member some of the things that were
said at the other meeting. but I think
there has been said pretty nearly all
there is to say-That IL. we must stir UP
the apathetic.
Thank you very much"
The Montgomery advertiser., 1902-10-25
GRISWoLD MADE BISHOP.
Elected to Fill Vacancy Of Western
Kansas.

Philadelphia, Oct. 24-The Rev Shell
don Munson Griswold. Rector Of Christ
Episcopal Church at Hudson, N. T., was
today elected Missionary Bishop of Sa-
lima. the Western District of Kansas, by
the House of Bishops. There were fifty
seven Bishops present. After the cleo
ton the House went into council to con-
slider the question of proposed affiliation
Of an independent Polish Catholic Church
with the Episcopal Church. A prolonged
discussion of the question resulted in the
adoption Of a resolution to the effect that
the Bishops. not assuming to recognize
the organization of the church to extend
their Christian salutations and assur-
ances of affectionate sympathy and in
terest.
That COMMITTEES of Ave Bishops be
appointed to consider and propose the
terms of inter-communion and jurispru-
dence and report to the next meeting Of
the House of Bishops"
The Mexican question, which is to con-
slider whether the Episcopal Church shall
consecrate three Bishops Tor Mexico. was
taken up and a new ocmmiti,e appointed
consisting of te Bishops of Kentucky,
West Virginia. New Mexico and Arizona,
California and Los Angeles.
The Montgomery advertiser., 1902-10-25
Fear for Cooper,s Family.

London. Oct. 24.-The English Missiona-
nv. Mr. Cooper. who was murdered at
Fee, Morocco, recently. had a wife and
two children there and there is con-
siderable apprehension as to their fate
as we'll as four other women missionaries.
for 1t is known there has been consider
able recrudescence of anti-foreign feel
ing. Letters from the Kansas Mission
at Mequinez. composed of twelve Ameri-
cans, describe the situation as critical.
These missionaries say they are shut up
like rats in a hole More recent tele-
grams from Mequinez, however, indicate
that the rising of the Barber tribes had
heen suppressed.
The Montgomery advertiser., 1902-10-25
ANOTHER POINT MADE
MISS MILLER FAILS TO IDEN-
TIFY MoLLNEUy.
Woman Who Sold the Silver Bottle
Holder Admits That She Want
ed $3.50 for Her
Evidence.

New York Oct. 24.-The defence in the
Molineaux trial again claimed an advant-
age today when Miss Emma Miller the
woman who sold the silver bottle holder
which accompanied the poison package
sent to Harry Cornish, testified positive
ly that Mollneux was not the purchaser
At the opening of the Molineux trial
today Charles G. Hughes of the knicker-
booker Club, testified mat Cornish had
made some scurrilous remarks about
Molineux, which witness repeated to MOL
ineux Charges were made against Cor
nish, but they were rot sustained.
Emma Miller, the clerk in Hartdgon
store in Newark. where the silver bottle
holder was bought, said she sold the bot
tie holder submitted to her but doubted
II she could recognize the person to
whom she sold 1t. She admitted that
she had demanded $50 before she would
testify.
Miss Miller said, replying to former
Governor Black, that she remembered
selling the bottleh older i'll question De-
cember q, 1898 She sold ii to a man
with grey eyes and a sandy beard. She
was quite sure Molineux was not the
man. After 1.-THE former Governor was
through Mr.. Osborne explained that Miss
Miller was a witness of necessity" and
he did not believe the prosecution should
be bound entirely by her testimony and
be barred from cross-examination on tes-
timony ELECTED by the defense.
Justice Lambert held that the prose-
cution might show that Miss Miller had
not always been certain about her ability
to say that the defendant was not the
man who bought the holder.
Mr.. Osborne asked witness II she had
not duly recorded that she might have
been able to identify the purchaser two
days after the purchase was made but
that she had been so upset by the news
paper notoriety that she could not re-
member anything.
Miss Miller said it was practically cor
rect.
The Montgomery advertiser., 1902-10-25
George siscoe CAPTURED.

Marion. Ky. Oct. 4.-George Siscoe.
farmer, has been arrested charged with
numbering from ambush Miss Nellie VIII
Hanson Wednesday night, while accom-
panied from church by Grover Brown.
Siscoe's son Allie and Brown were rivals
and had quarreled. A young brother OF
Miss Williams. who accompanied the lady
and Brown. stated that he recognized
Siscoe on the night of the shooting 1t is
believed that the fatal shot was intended
for Brown. Sscoe was taken. from Jail
last night and guarded in the woods and
the officers are believed to have planned
evasive proceedings for tonight.
The Montgomery advertiser., 1902-10-25
TO CoLoNIzE SOUTHWEST.
Rates to Be Lowered in Order to
Divert Emigration.

Chicago Oct. A.-The subcommittee on
the Southwestern lines to arrange for the
colonization of the Southwest, held a
meeting in Chicago today. 1t was decid-
cd to rec onmcnd that George De Haven.
formerly General Passenger Agent of the
Chicago and West Michigan Railroad. be
made General Emigration Agent of the
Southwestern Emigration Bureau. He
was present and suggested that agencies
he established in all Eastern States and
in Europe. The rate probably will be
fixed at one fare plus 81 for the round
trip, though at present lower rates are
being made to Taxes points owing to a
war between the Southern Pacific and the
Missouri Kansas and Texas.
Heretofore. emigrants have been going
almost exclusively to the Northwest ow-
ing to the low rates offered by the North
western lines. Much of this business, ii
is believed. can be diverted to the South
west.