davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1902-06-22
Tendency Toward improvement.

While the stock market continued on
about the same considerably reduced
ratio of activity as since Wednesday, a
tendency toward Improvement was
shown which continued until about the
last half hour.
Fractional advances occurred in the
anthracite coal shares. partly due to the
covering of short contracts and invest
ment buying on the reports of strong
dissensions existing between the soft
coal miners and the prospect that the
call for a general strike would not only
fail. but might result in the disruption
of the United Mine Workers organiza-
t:on.
The only railroad stocks that exceeded
or approached the 10000 share mark
were Missouri Pacific, Wabash common
and Texas and Pacific. All three were
strong in the early dealings, and on
lighter transactions improvements were
recorded. extending in ST. Louis South
western preferred to IL per cent.
The stock mentioned was about the
only one In the Southwestern group that
retained the full Improvement at the
close, although Missouri, Kansas. and
Texas preferred left off nearly a point
higher than yesterday. Other railway
issues that advanced in the first hour
included Canadian Pacific, which gained
and retained nearly a point on moderate
covering of short contracts. ST. Joseph
and Grand Island issues, Atchison COM
mon and St Paul
The Washington times., 1902-06-22
IF WHERE YOU ARE
NOW TRADING

THEY HAVE ADVANCED YoUR RNTE OF
COMMISSION TO oNE-EIGHTH EACH WAY,
SEE To IT THAT YOt GET ONE-ElGHfH
LENT VALUE FOR THE DOUBLED COST To
YOU. Good service is paramount in the op-
Grafton of a speculative accoCnt; ii gradually
saves you large SUMS Of money. proportionaie
to your credit balance with your broker We
know the matter TO be worthy Of your inves-
tieation and solicit trial account OUR
HOUSE Is NOTED FOR GIVING POSITIVELY
THE BEST SERVICE N NEW YORK STOCKS
TO BE FOUND II WASHINGTON. II you viii
try it and compare it with what you are get
ting elsewhere. we are confident your entire
account will be intrusted TO Us.
The Washington times., 1902-06-22
DAYS NEWS FROM THE WORLDS FINANCIAL AND MARKET CHYTERS

ample for all demands. while each day
Treasury gold stocks established new
high record. Failures for the week num-
bered 19i in the United States against
1913 last year, and Is in Canada against
II a year ago"
The Washington times., 1902-06-22
The Buying of Steel.

The buying of Canadian Pacific was on
q favorable showing for the company
fiscal year. The buying of Steel was on
anticipations OF favorable earnings. The
common rose an extreme points. as
compared with yesterdays close, and
left off nearly point higher. The pre-
ferred, on lighter trading. rose an ex-
treme rs per cent, and scored a mod
crate fractional net improvement.
Although the dealings in railway
bonds were of only moderate proper
tions, the tone of that market was
steady to firm.
In the outside market the tone was
in the main firm. although dealings were
upon moderate scale.
The stock market closed unsettled and
reactionary.
The Washington times., 1902-06-22
We MAKE NO DISTINCTION

BETWEEN OUR CUSTOMERS BY CHtRGING
THEM VARYING RITES OF COMMISSION
ACCORDING TO THEIR MEANS; equal courte-
sy, attention and rate OF commission. be your
account large or small. While on the subject,
word to these able 10 deal in
The Washington times., 1902-06-22
OUTLOOK FOR GJOD
BUSINESS IN WINTER
Trade Conditions Generally
Very Satisfactory.
LABOR TROUBLES A CHECK
Strikes, However, Affecting Only the
Present Situation-Better News From
the Growing Crops-Wages Advanced
in Some Quarters.

NEW YORK. June Bradstreet's
says:
Conditions governing present and fu-
ture trade show very sharp contrasts.
While the INN ediateiy present situa-
tion is clouded by the rather less IA
vorable Industrial outlook and the pros
pect of an extension Of the coal strike
in the bitu:ninous fields. the continued
favorable progress made by all the lead
ing crors lends assurances that once
the present strained condition of indus
trial affairs is removed large and
prosperous fall and winter business is
assured
The Washington times., 1902-06-22
Cuts, Bruises, and Burns Quickly Healed

Chamherlain's Pain Balm is an antiseptic
liniment, and when applied 10 cuts, hruise, and
burns, causes them to heal without maturation
and much more quickly than by the usual
treatment. For sale by Henry Evans, whole
sale and retail, and all druggists
The Washington times., 1902-06-22
Business Going Forward.

That in api,e Ct disturbances past
and present, heavy business is 60
ing forward is proved BY The continued
fine reports OF railroad earnings for this
season of the year. very heavy bank
clearings, and the comparatively small
number Of business embarI assmen;s
reported. 1t. of course, must be borne
in mind that the ccll trade troubles.
though making their influence felt in a
wider area than before, are still cGm-
paratively localized. and outside of sec
tions Immediately affected in such places
as the central West, the Southwest, and
the Northwest. business, both present
and for future delivery, is OF good vol
ume. in NEST instances in excess CT a
year ago.
with the exception CT too much
moisture in the Northwest, interfering
with the harvesting and condition Of
wheat, and continued dryness in the
Southwest. spelling corn in Texas and
impairing cotton conditions, the agricul-
tural outlook is practically without
nns-s
The Washington times., 1902-06-22
TO KNOW VALUES is
TO FORESEE PRICES

The former gives full and exhaustive detail
relative to every security dealt in upon the
Exchanges; the latter IS carefully prepared
each day by market experts and is calculated
to outline and forcshadow I've probable i'm
mediate movements OF the III, -kcts. pointing
out from day to day the best sock selections
for immediate speculation.
The Washington times., 1902-06-22
EFFECT OF CANAL
ON MONEY MARKET
Hardly Likely to Work to
Any Disadvantage.
MAY HELP THE RAILROADS
Large Transfers of Capital May Upset
Financial Equilibrium - Cash Goes
Into Circulation That Must Prove
Beneficial.

1t is said that some of the most i'm
portant financial men in the country
have been considering the probability OF
the passage of canal bill by this Con-
gress very carefully, with reference 10
any effect which 1t may be anticipated
to have on the business and financial
situation.
II has generally been supposed that the
great transcontinental railway interests
of the country have been against any
isthmian canal. On the theory that IT
would injure their business, directly, by
transportation of freight between th7
Eastern and Western coasts.
II this opposition is still felt by the
railway interests it has not shown it.
self in Congress during the present ses-
sion. Mr.. Hanna. cne Of the men sup
posed to represent the great business
interests most fully, has been warm
advocate OF a canal. Although he ha.
worked on the other side from Mr. Nor
gan ii is generally agreed that he has
done almost as much as the venerable
Senator from Alabama to carry canal
legislation through this Congress.
One of the arguments put forward by
the friends of canal against the sug-
gestion that an isthmian waterway
would injure the railways is that while
it would undoubtedly take away some of
their transcontinental business. it would
in reality give TO them enough short
haul" business to more than make up
for this deficiency.
Business from New York and Boston.
and even New Orleans. to San Francisco
will much of 1t go by way of the canal
when il is built, instead OF by the rail-
ways. But on the other hand, vast
amount of business from the East gem
orally, perhaps as far West as Cincin-
natl. will be hauled to New York and
other seaports to be transported from
them by ships through the canal to the
Western coast. And the same condi
tions will prevail In all the large ter
ritory adjacent to the Western coast.
1t Is asserted that the relative cheap
ness of ship freights will in reality
greatly accelerate the railway business
Of the country. although 1t may perhaps
result in the advantage Of one system TO
the detriment Of another. This latter
objection is, however, less potent with
every forward move of the consolidation
OF the railways.
The Washington times., 1902-06-22
Fairbanks Amendment.

People hopefully inclined point to the
Fairbanks amendment as likely to pre-
vent any possibility of this law being
exerted harmfully in this case. Mr.. Nor
gan proposed that the canal be built for
cash Mr.. Fairbanks amendment. pro-
vides an issue OF 9 per cent bonds for
the work. This bond issue. it is said.
will distribute the burden of building
the canal over many years. instead of
compelling the present generation to pay
for II.
1t is asserted however, that as a mat
ter of fact the money must be put out
whether there is a bond issue or not.
and that in reality II there is any basis
for fear OF depression the issuance of
bonds will have little or no effect in
mitigating it.
The best argument yet made against
the theory is that the si70. 900, 900 to be
spent for canal is not really large
enough sum to cause any trouble to
country as rich as the United States is
at present There is much more money
In the country now than there was dur
ing the railway building era. And more
over. the railways built during the few
years of greatest activity in railway
building cost far more than the 18TH
mian canal Will.
The Washington times., 1902-06-22
Cotton Improved.

Timely rains have improved the cot
ton crop situation in the South At
lantic. the Eastern Gulf States, Ten
nessee, Arkansas. and the Indian Ter
ritory. Louisiana and Texas note tina;
weather is dry and cotton needs rain.
Business failures for the week num-
Der III, as against 16j last week. and
1873 in this week last year"
Duns weekly review OF trade says:
Trade at the East is more quiet ow-
ing to the advancing season. and the bad
effect OF prolonged labor controversies
is being felt in certain lines. Reports
from the interior and the far West are
more encouraging, bountifuI harvests
being expected, while the light stocks
carried over from the previous season
assure profitable prices.
The best indication OF continued
prosperity is the fact that quotations
do not recede, even in the lines where
at present there is only moderate de-
gree of activity. There Is no evidence
of yielding on either side in the coal
strike. and as the convention of soft
coal miners has been called for July
Il, the sympathetic strike cannot be-
come a factor for some weeks even If
II Is decided upon
The Washington times., 1902-06-22
MONEY TO LoAE.


MONEY 10 loan on real estate, personal prop
city and collateral.
j. c. DAVIS.
els-7 jG3 It. nv.
The Washington times., 1902-06-22
LOANS OF $40

AND UPWARD ON FURNITURE AND
PIANOS, at lowest rates and en- the day you
apply. We are loaning on the Building and
Loan Association plan. which makes the oos-
Of carrying loans much less than YOU pay else
where and allows you TO pay it of in any
sized notss ecu desire. running from one .
twelve months II yoa have loan with some
other company we viii pay /. of and advance
YOU more money II desired Rates cheerfuily
given. anti ne cost 10 you unless loan is made
Call ard get rates. Front room. first floor.
NATIONAL. MORTGAGE LOAN CO.,
625 + 81. N. ".
The Washington times., 1902-06-22

MONEY To LOAN at S14 to per cent in sums
Of $3.50 10 slO,O.c, on d. c. real estate : pay
off } and per cent mortgages and begin anew;
all transactions conducted with economical con-
sideration for bcTrOWers- W.. II. SAUNDERS
& Co. 1907 81.
The Washington times., 1902-06-22
Money Loaned salaried People,

Retail! merchants teamsters. boarding housea,
without security: largest business in a prin-
cipal cities. TULMAN. Room I0l. 533 l5th ST.
nv. mli-H
The Washington times., 1902-06-22
Activity With Slight Ad-
vances Shown in the
Railway List.
STEEL SCORES NET GAINS
Close Unsettled and Reactionary-
Bonds Steady to Firm - Anthracite
Shares Profit by Rumors That Miners
Are Divided on the Strike.

NEW YORK. June 21.-The statement
of averages of the associated banks was
considered disappointing and its pub
lication unfavorably affected the stock
market, causing in many cases the par
tial or complete loss of gains previously
established.
The item of cash increased only $50
900. whereas the figures furnished by the
banks individually yesterday indicated a
gain from the out-of-town movement of
money of approximately s2,sOO, 900. The
net result of the statement is a decrease
in the surplus reserve of s1,l44 100, but
the banks still hold si2, 2,15S, ,25O, or near
ly twice as much as year ago.
The Washington times., 1902-06-22
s1n.on roR YoU

oU coonF 49, SI9pS.l "a" ,pI.Ssr r,,xs
| have tie above sum idle and wish ! per
cent; viii accept second trust loans Com
mission charged. D. c. real estate only.
Address BON us this office. ie7-lm
MONEY TO loan AT I, Il. AND PER
CENT on d. c. REALTY; SECURITY OF-
FERED REGULATING RATE. IMMEDIATE
ALLOW ANCES. FNPENSES SMALL.
jes-lm C. c. WARING. 1lli q st. NV.
The Washington times., 1902-06-22
Speculation of Economists.

1t Is not as to this direct effect of the
canal that the financial interests are at
present directing their consideration,
however. The political economists rec
ognize it as one of their surest laws
that vast undertakings of a national
character that consume enormous
amounts of money for which there can
be no direct and Immediate return are
likely to result in financial and bust
ness depressions. This law is best il
lustrated by the hard times that usually
follow wars. But even peaceful and
praiseworthy and productive undertake
ings which are not Immediately produc-
tive generally have the same effect, 1t IS
said
The Panama Canal will cost $40. 100000
as first. which will go out of the coun-
try entirely. II will cost S130.000.OOO
more to build at the lowest estimate.
This money will not be lost, but 1t viii
be tied up. some of it for many years,
and until the CANAL Is built and in oper-
aticn, there can be no return On II N
the way of interest.
The economists say that even the fact
that a large part of this money will re
turn to the United States in the way
of pay for machinery and supplies. and
salaries and wages does not remove all
possibility of financial stress. II Is
Lointed out that this will mean at any
rate large transfers of capital from
one set of people to another, and con-
seGuent tendency to the upsetting OF the
financial equilibrium.
The working out of this law is illus
trated. It is said. by the successive per-
iods of depression that the country has
seen In the past half century. Every one
of these. it is asserted, can-be traced
either to a war or 10 some vas. indus
trial period. The crisis Of 1874 is traced
to the civil war The crisis OF 1883 fol-
lowed the era of railway building in the
The Washington times., 1902-06-22
Advances of Wages.

I'm some industries the week has
brought advances of wages and evil
dences OF better feeling. Railway earn
ings thus far reported for June in
creased 80 per cent in comparison with
last year. and 20 per cent over 1900.
Bank exchanges at New York are still
affected by decreased speculation. show
ing loss of 29.S per cent for the week
from last years figures, but increasing
Ill per cent over 1899. Clearings at
other leading cities gained 1.9 per cent
over 1901 and 24.7 per cent over 1899.
Uncertainty regarding their ability to
secure pig iron at reasonable prices Is
making producers of steel cautious in
accepting contracts that call for deliv-
cry at even remote dates. Raw ma
terial is undoubtedly In light supply.
and the anthracite coal strike has sus-
pended work at number of furnaces.
Coke production is attaining new rec
ords each week in the endeavor to sup
ply all requirements. and better rail-
way facilities are making unprecedented
shipments from the Connellsvllle re-
gion. Soft coal is beginning to show
the effect of an abnormal demand.
Quiet Conditions prevail in Eastern
dry goods and footwear Distribution of
textiles from second hands is only Of
average volume. and il is evident that
jobbers' supplies require only moderate
replenishing. Buyers of cotton goods
take only for immediate consumption. in
dicating faith in cheaper raw material
with the new season and consequent re-
ductiOns in products
The Washington times., 1902-06-22
"GUIDE TO DAILY MARKET
INVESTORS" AND LETTER" F"

A CAREFUL STUDY OF TIE TWO WILL an
MATERIALLY IN EITHER SELECTING AS
INVESTMENT OR A CHOICE FOR \ SFEC-
ULATIYE PURCHASE. II l., a study in values
The Washington times., 1902-06-22
Textile Prices Hold.

ut is noteworthy that prices in all
textile lines are firmly held despite the
slow movement. indicating confidence on
the part Of sellers. Lack of rain in the
Southwest is the only seriously unfav-
orable crop indication of the week. while
exceptionally encouraging reports are
received from most points. Dispatches
from correspondents throughout the cot
ton belt promise large yield, yet spot
prices continue well above these of a
year ago, owing TO the strong statisti-
cal position and liberal consumption.
Domestic grain makes good progress.
but bad news has been received from
abroad and the outlook is favorable for
large exports. Comparisons for the week
with last years movement show losses.
however.
In the speculative markets there was
much activity at Chicago, where the
short interest in corn was badly demor-
allied by aggressive manipulation, July
options reaching Go cents. Heavy liqui-
dation brought sharp decline from the
top figure.
I'm the corresponding week last year,
prices for railway stocks reached the
highest point on record up TO that time,
with large transactions and a good com
mission house business. This week deal
ings were restricted 10 pool operations
in a few specialties. with conspicuous
apathy on the part OF outsiders yet the
average for the sixty most active rail
ways securities was So share higher
than the top point prices OF April.
Money remained easy. with supply
The Washington times., 1902-06-22
WASHINGTON STOCK MARKET

sales-Wash. Gas: 5Od75; 5O@75; 15T
75: 1915. After call-Cap. Trac.: 15G
1894. Mergenthaler: 1O41S4; 5G 1S4.
The Washington times., 1902-06-22
Government Bonds.

Total sales OF STOCKS, 15I, ,35S Shares.
r Advance. Decline. XEX-diTidend.
The Kalispell bee. [volume] (Kalispell, Mont.) 1900-192?, 1902-01-01
NO ANTHRAX IN MONTANA
Annual Report of the State Vet
erInarian So States.

Helena Dec. 3l-The annual report
of State Veterinarian M. E. Knowles for
the recent year, which was filed with
Governor Toole today, deals with the
years work in the veterinarians office.
The work of the department has increas-
ed within the past year. There having
been 1877 calls upon the Office, as against
16l during the previous year. Although
cases of anthrax were reported in British
Columbia, South Dakota and Nebraska,
DR.. Knowles is pleased to state that no
cases were reported in this state. The
report felicitates the fact that there is
practically no tuberculosis among cattle.
The Kalispell bee. [volume] (Kalispell, Mont.) 1900-192?, 1902-01-01
TO ARBITRATE STRIKES
Expects to Be Able to Lesson
Materially the Number of
Industrial Conflicts.

New York, Dec. 2S-Letters to each
member of the executive committee are
being sent out by Ralph M. Easley, sec
retary of the National Civic Federation,
requesting them to fix date between
Jan. Is and Feb. 15 to take action on
the report of the subcommittee reported
| some time ago to arrange plan of pro-
ceeding with regard to strikes and lock-
outs.
In the meantime Mr.. Easley said the
subcommittee will meet next week and
agree on a plan, both committees being
anxious to have the duties of the indus.
trial committee of the federation with
reference to arbitrating strikes and lock-
outs defined in such way that it will
be ready to act at once when called on.
Mr.. Easley has issued the following
statement
THE magnitude of the industrial com
mittee of the federation renders it neces-
sary to set some limit as to it's duties and
responsibilities. The cordial feeling
convinces me that this department of
the federation is going to have a great
deal to do and the sooner the scope of
its duties is defined the better.
ut would be impossible for the feder-
alton to attempt arbitration in every lit
tie strike. Strikes will occur in spite of
any attempt to stop them, but we pro-
pose to take strikes of national unions
in hand which, if continued, will incon-
venience the entire community.
Il have not the slightest doubt that
the industrial commission of the civic
federation will be able to lessen the num-
ber of strikes very materially and prob
ably prevent strikes Of great magnitude,
such as the coal strike, for instance"
The Kalispell bee. [volume] (Kalispell, Mont.) 1900-192?, 1902-01-01
DISSOLVED
INJUNCTION
Judge Lochren Overrules Ac-
ton of Lower Court.
RESTRAINED THE N. P.
BY Action of the District Court the Rail
road Company Was Prevented From
Entering the Big Combine.
RESTRAINED THE N. P.

Minneapolis, Dec. 31-Judge Lochren
of the United States circuit court today
dissolved the temporary injunction is
sued in the case of Peter Power against
the Northern Pacific Railroad company
by Judge Elliott of the district court
of Hennepin county Monday. The in
junction, which was dissolved by the
order of Lochren, restrained the North
ern Pacific from issuing any evidence of
Indebtedness to retire the preferred
stock of the company or to retire the
preferred stock in any other manner
than by the use of surplus net earnings
of the road. 1t also restrained the
Northern Pacific and it's officers from
entering into an agreement or doing any
act by which the road would be consol-
idated or merged through the medium
of the Northern Securities company
with the Great Northern or the Burling
ton, or either of them. An appeal will
be taken.
The Kalispell bee. [volume] (Kalispell, Mont.) 1900-192?, 1902-01-01
The Big Fight With the Northern Sureties
Company Will Be Held in That State.
THE GOVERNORS so DECIDE
The Meeting Of the Executives Helena Productive of
General Plan Of Procedure Those in Attendance
Pleased With Results.

"Eminently satisfactory" said Attor-
ney General Douglass of Minnesota; I'VE
got all we came after"
Summed up in nutshell, the meeting
was harmonious upon the proposition
that the best interests of the people OF
the northwest demand that steps should
be taken by every lawful means to pre-
vent joint management of the three
railroads, and an agreement was reached
to institute proceedings in the courts to
test the legality of the formation of the
Northern Securities company. Just
where the proceedings will be begun was
not made public, but it seems almost a
certainty that Minnesota was selected as
the battle-ground for the tussle with the
big New Jersey. company.