davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1902-10-19
BONDS
THE DAYS OPERATIONS IL STOCKS.

Under heavy profit taking all along the Inc
the stock market declined yesterday. con-
traTy influence was interposed through the en-
phatcally favorable showing made by the bank
statement. but the buying during the short
period between the issuing OF the statement and
the close Of trading was not Of large enough
volume 10 offset the recessions due TO the reali-
cation selling. and the market closed irregular
with most Of the active issues lower than al
Fridays close There was unfavorable
news. and for the first few minutes the market
was strong and advancing. and al the close the
sentiment was general that this week would be
one of rising prices The days losses in the
leading issues We're, as rule, less than were
the respective gains on Friday. Missouri Pa
cific declined Ia points. st. Paul 2ls. 81. Louis
Southwestern preferred ia. Baltimore and Ohio
IL per cent Illinois Central =. Pennsylvania
Ia. New-York Central ]. Union Pacific "A per
cent.
The bank statement showed a decrease in
loans OF S9l97 100 and corresponding de-
crease in deposits Of S92l4,S ,Soo, figures which
prove the severity of the liquidation which oc-
Cured last Saturday and Monday, following the
publication Of the very bad bank statement OF
a week ago. Specie increased Sl.ti3,suo during
the week and circulation. Sl,IS3Io The re-
serve on gross deposits which in the statement
OF October ii showed a uecleAse loi 'ii0 ''0N
of 1921 so. in yesterdays statement showed
81. .0sO 900 increase; while the reserve on de-
posits other than United States increased Sd
9l2 $50. The total cash holdings Of the banks
are now S22l :SS9 900 equiv alent TO a reserve or
256 per cent against the total deposits, or y
per cent in excess Of the proportion required by
the Clearing House regulation, which does not
take cognizance Of the ruling 10y the Secretary
OF the Treasury eXemptng the banks from the
necessity Of maintaining a - per cent reserve
against deposits OF government moneys. None
of the payments 10y the Treasury for bonds pur-
chased under the Secretarys ofer OF Friday
figure in the current bank statement but doubt
less nearly al! OF the 81 100000 more which
is 10 be dsbursed on that account viii appear
in the statement Of the coming Saturday.
New-York tribune., 1902-10-19
FOREIGN EXCHANGE.
E, Schumacher & 20. say

&. SChumaC her 4 20. say
Prime. demand sterling sold AT the lowest pOin.
far this year when II touched isS3S on OctO-
her 10
Even with the high rates for time and call
money. II looks though II impossible for
bankers To- bring amount OF gold from
abroad relieve the strained monetary situation
But during the last two days time FUNDS nave
caS-d on materially. and from now ON We may
look for an advancing exchange market. with pos
sIbly few reactions.
II has only been question Of time when eN-
change bound To advance. I'm spite OF the
money market owing to the tremendoIs short In
trrest prevailing.
The West and South will need any more
money move their crops, and II Will not be long
before the return ~ money to the East commences.
This. together with the settlement ~ the coal
strike. and the measures taken and to be taken by
the Secretary Of the Treasury, has caused a much
better feeling. and the loaners of both time and
call money more in evidence. and conditions
again becoming normal
The most important question now confronting
is. How 10 nay our foreign Indebtedness? ?
The crops. although large. will not half pay II.
Therefore there only WAYS of doing
one. can foreigners he induced 10 buy large
prices for permanent Investment: second. will
this debt have To he paid In gold?
We know that Europe always wants increase
it's gold reserve even with it's already large sup
ply.
New-York tribune., 1902-10-19
RAILROAD GROSS AND NET RETURNS.

The following compilations from official re-
ports made directly to the New York News
Bureau:
For the fourth week of September the gross earn
ings of fifty-two railroads amounted TO Slil01,SA.
against Sl2,S33.42D in the corresponding week last
year. an increase of $i.7Ii.3Si l43S per cent.
For the month of September the gross earnings
against S ESQ 029 in the corresponding period last
year. increase Of Sab .796 or 1907 per cent.
For the first week OF October the gross earnings
Of forty railroads amounted to 81 Sl6 253 against
&343,S26 in the corresponding period last year,
Increase of $t12 AZ SOS per cent
From July to Oct. the gross earnings of forty
railroads amounted to $llS s62 ass against s0.1lO
S't in the corresponding period last year. an In
crease Of Ss.15l. .i6l or 7.9f per cent.
The gross and net earnings of seventyth three rail-
roads for the month of August were as follows:
IaG" 1901 Changes
Gross earnings. jt SSa $3.50 Inc So TOlt
Operating expenses 5'dlI797 80 7223:T Inc. SsS47O
Net earnings. $3l 9i55SI $33 n3 Dec ST. 42d
The gross earnings increased 323 per cent. ex-
pehses increased L6S per cent and earnings de-
creased 35S per cent.
From July to August 81 seVentv-three railroads
report follows:
1902 1901 changes
Gross earnings SI66 363 s4I Inc 300 6I2
Operating expenses ll6T+nS01 100 aTI 10 :6 $50
Net earnings s57.9I37iS $50 SIS 2T6 pecs19745Ss
The gross earnings Increased 4S2 per cent. ex-
penses Increased s6i per cent and net earnings de-
creased g. 26 per cent.
New-York tribune., 1902-10-19

Bankers posted rates were:

DOMESTIC ENCHANGE.-New- Orleans - Com
mercial 81 p discount; bank par. San Francisco
slShi' 2izc; telegraph Sc. Boston-lS 2-3c and zoe
discount Charleston Buying Lice discount; SELL
ing. lice premium. ChiCaEo-l5c discount. Gin
cinnati- Between banks soc discount. over the
counter. soc premium. SaVaunah-Buying 75c dis
count per sl.OOo; selling. Zoe premium
FOREIGN MONEY MARKET.-CaH money in
London. li2a2 per cent: open market discount rat
for short bills sass per cent: long bills 2asq3l.
per cent Berlin discount rate per cent for three
months bills and es per for short bills Ber-
lin exchange on London. 20 marks 45ie pfennigs
Paris discount rate, pa per cent. Iaris exchange
on London. % francs lsi2 centimes
FOREIGN SECU ES.-British consols for
money S3 llG; for the account 90 3l6. Spanish As In
London. s7l4 French rentes. 100 francs ia. cen
times
THE SILVER MARK ET.-Bar silver. 5)2.c; Nexi-
silver dollars. SOC Bar silver In London closed
p 5-l6d
GOLD PREMIUM.-In Madrid. 3oS9: Lisbon $3.50;
Buenos Ayres. l2s; Rome. 90.
New-York tribune., 1902-10-19
MINING STOCKS.
WALL STREET AND EXCHANGES.

FOREIGN TRADING-About 1900 shares were
sold in this market for London account. chiefly Of
soft coal roads and grangers
THE COTTON OBSERVATION-DISCLOSURES TO THE
Financial Chronicle" the total receipts of cotton
for the week ended October It reached 3122l bales,
against 296 2O bales last week and 9252 bales the
previous week making the total receipts since Sep
ternbar 1872 l.e3S $50 bales against 1230375 bales
for the same period OF 1891 showing an increase
since September /. 1902, of io199l bales.
"AMERICASS'' LISTED IN LONDON--The
London stock Exchange has ordered the under
mentioned securities To be quoted I'm the official
list. Reading Company and Philadelphia and Read
ing Coal AMI Iron Company, $l.936.00o additional
general mortgage bonds OF 1897. and Southern Rail
way Company S,59S0G additional per cent first
consolidated mortgage coupon gold bonds.
COPPER PRICE ADVANCED.-The two large
selling agencies have advanced the price Of copper
u cent n pound
PRICE OF STOCK EXCHANGE SEATS.-The
price of stock Exchange seats has shown practical
Is no variation during the decline of the
ket of the last few weeks the subsequent rally.
The last sale vas at ssO06o. and this price is
bid.
HENRY CIEWS on THE OUTLOOK.-In his
weekly review Of stock market conditions Henry
Clews says.
The mercantile situation is satisfactory. and With
the ending OF the coal strike industry will BE- re-
leved Of serious uncertalnty, Good harvests in
sure a large caStb"und trat1c tor some lphlhS 90
come. and Western prosperity equally insures
able freight and of great importance 20 railroads
The disposition OF many operators 10 plunge
which easier money will stimulate Is not salts
factory feature ami stocks eXnosed tn such manlp-
ulation should b. left alone. The most conServa-
tive and strongest interests in The street are not
y-t enlisted the uull side of the market for Very
plain nd sound reasons. The time Is not ripe.
Sharp fluctuations may be expected. bur no pro-
loneed campaign for biz advance Is likely until
the readiustmea, between the money ana stock
markets is nearer completion.
II Is said that figures do not lie. SO must submit
some figures. which speak palmer than anything
else i'm explaining the present situation. For the
last nine months o.ir exports were Ss2,Vb,ps9 less
than the corresponding period last wear while our
Imports have largely increased the increase In Inn
uoTts last month alone 81 10000 In excess Of
The corresponding month last year The deposits
in the banks last year showed an excess OF S'ouO-
Co over the ~ loans. while last Saturday
bank statement showed tho banks to have in loans
s. -. 90 In excess Of their deposits Comment on
this exhibit is unnecessary; Il speaks for Itself
New-York tribune., 1902-10-19

vanced nearly per cent on purchases OF 200 shares
up to 10; the bonds rose per cent 10 81 Virginia
Coal and Coke was fraction lower. selling down
37a on sales of 100 shares United States Silver
ss sold at 1907 Writing Paper preferred was hrm
selling at o31a Electric Lead Reduction common
sold To the extent Of 900 shares 32 Otis Elevator
sold at IL In the copper shares Montreal and Bos-
ton was strong dealings of 5000 shares ad-
vanced a to ga Tennessee Copper was strong
around 19s. about 1000 shares were traded n Brit
ish Columbia Copper sold to the extent OF 500 at 4
Greene Consolidated Copper showed further weak
ness declining per cent dealings OF about 2ooo
shares down to 81 White Knob sold down l per
to 13 The market closed irregular.
New-York tribune., 1902-10-19
HONEY AND EXCHANGE.

MONEY MARKET.-Money on call > per cent
Time money was quoted at per cent for sixty and
ninety days, Ga per for four months and per
cent for six months Commercial paper was quoted
at 62 per cent for sixty 10 ninety DAYS per cent
for choice four and six months single names and
above for others.
FOREIGN ENCHANGE.-Market closed firm
Actual closing follow:
New-York tribune., 1902-10-19

RAILROAD BONDS.-Market generally strong
tota sales amounted IN par value TO 81 s5s coo
against S.ss.So0 on Friday. The heaviest dealings
N.fe IN the Atchison general Is. Baltimore and
onio sold and dehenture As Central Of Georgia
"a ana 81 incomes. Chicago. Burlington and ouincv
IS Green Bay and Western debeniure Bs Kan
sas city Southern 3s Mexican Central ist incomes
Nortnern Pacific Is. Reading general ss Union Pa
New-York tribune., 1902-10-19

The usual weekly table Of price changes for the
active stocks follows;
New-York tribune., 1902-10-19

cihc convertible As and Wabash debenture Bs
Consolidated Tobacco Is were also active
New-York tribune., 1902-10-19
STOCKS.

Closing prices yesterday OF the principal active
securities and net changes from Fridays quo
s.tgoos mere.
New-York tribune., 1902-10-19
RAILROAD AND OTHER STOCKS.

l1o.1 Afiehi feh f.aSt sas' FIN Bid ASK Sold
New-York tribune., 1902-10-19

MISCELLANEOUS GAS COMPANIES.
Furnished 5y William E Nichols & Co.. No Is walI-stl
New-York tribune., 1902-10-19

The following shows the relations between the
total reserve and the total deposits the respec-
tive dates:
OCT. II oct. l.. Changes.
Specie 3s 200 Sl54 ll2nsO
Legal tenders. 27a30U 1911 700 400
Total s2l9 5oo s22I 3s97oo Inc 81 200
Required against
deposits 90. 2isos5 40 2i57si Dec 2aoa 7oo
Reserve ....... sl.S2735 S5.6osa5a Ines 0sO 9O
United States deposits included $40 100000
Reserve deposits than United increased
sS.si2550
Ire Following are the changes for the CORE
spending weeks for the three preceding years:
lsel-Loans increased &es.5OO cash decreased 81
4llSl deposits increased s. as 30 and surplus re-
serve decreased s2ol7.4eD lsoo-Loans decreased
Ne"Sso. cash decreased s. $500 deposits de-
creased sl5.l55soo. and surplus reserve decreased
N'Sl622H lsSs-Loans decreased S5.S56Ooo. cash de-
creased A57Ssoo deposits decreased s.570.5OO and
surplus reserve increased S263.725
The following table shows the bank holdings on
the respective dates:
New-York tribune., 1902-10-19

THE DAYS OPERATIONS IN BONDS
quotations follow: ''0i
New-York tribune., 1902-10-19

And interest.
STREET RAILWAY COMPANIES
Furnished by William f. Nichols & CO. No Is WaII..,.
NEW-YORK-
New-York tribune., 1902-10-19
INACTIVE STOCKS.

Furnished by William E. Nichols Co. No Is wal-.,,
New-York tribune., 1902-10-19

Brooklyn Ferry stock. ......
Hoooken Ferry LIST SIS. 1876.
do stock.
y Y x r r Ferry Co stock.
Do LIST mtg 5s. 1922. ...
y Y 4 III F Con 5s. 1896. =.
10th & I'D ST lat mig IS. 1919
Union r Of y Y & y stock.
N Y a y J LIST mtg SIS. i946.
New-York tribune., 1902-10-19

STREET RAILROAD BONDS.
FURNISHED by William E. Nichols & Co. No Is WALL,
New-York tribune., 1902-10-19

Total sales Tor the week. ......... a. -
so qSf
New-York tribune., 1902-10-19

5a ess ssPi,ia inrs1@f % 8 So ~ " ~ mar ~ states increase SaE
New-York tribune., 1902-10-19

The following shows the relation hetueep rho
total reserve and the total deposits on the re-
spective dates:
sre.,. Al.l. u a. Oct 10 'ui. oct ~ 90
80, sl5s ll2.utsD slsl gsi 300 xl56 ca 90
'--- "''-'i'tV" nssu2s0o 81. 90i. 7o0
Reserve rsov;,s5 SSs'1co seai7s4 300 s2i4. .sS5
''s-- ls,'si.iSo 23a.2Ts.5e5 2lI.sos 2oO
Percentage Of - sS'o's2s" slS4s'.77a s2s47 700
- 2"G 2es as
Rssys l,sa states deposits included. $50 asA0n
q afs 80 on deposits other than iInited s.s,.x ,
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-25
WHITES AND BLACKS FIGHT.
Race War Threatened Near Indian
apOlis Negroes Driven From
Field.

Race War Threatened Near Indian
apolis - Negroes Driven From
Field.
Indianapolis, Aug. PA race riot
broke out at Haughville, a suburb of
this city, this afternoon, between 200
negroes and white men employed by
the National Malleable Castings Com
pany. There has been bittep-race feel
ing between them for several years,
and trouble has frequently broken out.
A ball game this morning between the
two factions caused excitement. AS
the crowd left the field hostilities COM
menced., Stones, bricks, clubs and
other missiles were used.
Two hundred persons Immediately
crashed together in a fighting mass
Twelve or fifteen shots were fired, and
IT is reported one negro was shot but
he was taken from the field before the
police arrived. The whites were vic
torious, driving the negroes from the
field, and wounding number of them.
Several white men We're badly injured.
Ten arrests have been made and
others will be made as rapidly as the
persons can be found. The police re-
sponded to riot call, but on account
of the distance did not arrive Until
the fight had been fought to finish.
Officers of the company fear other out
breaks will follow
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-25
MARX HANNA GIVES 1T UP.
No Chance to Reconcile Miners anG
Coal Operators.

Coal Operators.
Buffalo, Aug. Ex-senator M. A.
Hanna arrived in Buffalo to-day from
Niagara Falls.
For the first time Senator Hanna
stated the abandonment finally of all
efforts to end the coal strike. He said
it sorrowfully, for he believes the OPP
orators should meet the miners in ar
bitration.
Il have exhausted my efforts" said
Senator Hanna. Il have done all in
my power and can do no more. l will
make no further attempt, for it would
be useless" m
He said there was no chance of ar
bitration so long as only one side, the
miners, were willing to arbitrate. He
gave it as his opinion that the miners
will not give in as long as they are
able to fight
1T will not be short fight" said
he. ut will he prolonged, and such
prolongation will mean not only hard
ships for the miners and the women
and children dependent on them, but it
will have its effect on the American
people. The longer this struggle con-
tinues. the greater will be the increase
in the price OF coal"
He said he considered the refusal of
the operators to arbitrate as final.
Il talked with Mr.. Morgan before
he went to Europe" said the Senator,
land before the strike was fully under
way. He deplored the situation, but
would take no active part toward a
settlement. His attitude, in my opin-,
ion, is unchanged"
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-25
THE PANTHER REACHES PORT.
Had Been Eighty Miles on Coast ALI
the Time.

Vineyardhaven, Mass, Aug. 24.-The
United States steamer Panther, Com
mander j. G. Wilson, of the defeated
White Squadron, anchor in This ha1 Lor
this afternoon on :he way from Salem.
bound for New London, at which pert
she will remain until Aug. 81, when
the vessel will take on board the naval
militia of Connecticut and report to
Rear Admiral Higginson to participate
in the continuation of the naval man.
euvers.
The executive officer of the Panther
stated tonight that the three ships
of the attacking squadron had been
lying about eighty miles off shore
awaiting favorable weather to make
dash for the coast. The weather had
been delightful and the bright moon
light nights had been extremely I'M
favorable for an attempt to gain an
anchorage on the coast without being
discovered.
1t was decided, however to make
an attempt last night and the fleet
steamed toward shore in an effort to
reach Salem harbor No lights were
visible from either ship and they sue
ceeded in passing the line of scounts
without being observed. They were
off Manchester this morning when day.
light broke and they were discovered.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-25
jerks ON THE FAR EAST.
tjge Greatly Incrcased-Conditf
in Colonies.

in Colonies.
San Francisco. Cal. Aug. 24.-Dr.
jeremiah w. jerks, special commits
sioner of the United States in the
Orient for the War Department, and
professor of political economy and
politics in Cornell University. has re-
turned from his years journey
throughout Europe and Southeastern
Asia, and is passing a few days with
friends at Stanford University.
This journey he undertook at the
call of the War Department, having
been appointed by Secretary Root
special commissioner to investigate
the workings of the currency of East
ern countries, their system of internal
taxation, the importation of coolie and
Chinese labor to work the plantations
of the East Indies, the use of native
police and the organization of the con-
stabulary-in general, to report upon
the internal administration of the
Dutch and English possessions in the
Far East.
The purpose of the inve@tim ltioH was
to throw all the light possible upon the
problems which confront the United
States in. the government and indus
trial development of the Philippines.
Prof. jerks found that the prestige
of the United States throughout the
East has been vastly increased by the
events of the last few years. In
trade, particularly in China. he says,
no power except England has the fu-
ture before it that the United States
has, and, commercially England her
self is likely soon TO be outstripped by
the great republic.
Germany, he says, has a vast and
rapidly growing trade with the East,
but her geographical position will en-
force a severe handicap upon her in
the future. Russia's influence is large
~ political and is likely to be confined
to the north.
Following out his instruction DR..
jerks visited the different countries of
Europe with colonies in the East to
learn what experience might teach in
government of the peoples of the Orient
and trade with them. He found that
the silver in use throughout the East
Indies is pretty generally the Mexican
trade dollar, and some similar coin
dating back to the old days of Spanish
supremacy in war and trade.
A peculiar state of affairs exists in
some of the islands, particularly in
East Sumatra, where the Dutch coin
age is the official currency demanded
in taxes and imposts and paid to all
government officials, while the silver
money of the Straits Settlement is used
to pay the coolies and Chinese labor
ers who work the plantations, and
in ordinary trade.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-25
CEREMONY TWICE PERFORMED.
Mr.. and Mrs. Albert j. Lord United
Twice i'm Ten Days.

Dillsboro, N. c., Aug. 24.-At Web
ster, N. c., Aug. IL, by a justice of
peace of that place, Miss Katie E.
Meyer of Montgomery. Ala. and Mr..
Albert J. Lord of Victor, Col, were
married. The wedding was a Gretna
Green affair, as the young people
feared there might be opposition, on
account of the youth of the young
lady. The young couple met at Dills-
boro, where the family of the bride are
summering. When the marriage be-
came known, it was decided to have
it solemnized by a minister, so on the
evening of Aug. II, at 9 o'clock the
Rev Mr. Pennington, of Whittier per-
formed this service. The ceremony
took place in the parlors of the Spring
Hotel
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-25
SHAKEN BY EXPLOSIONS.
Molten Iron Escaped From stack
Into Water.

Sharon. Pa, Aug. 24.-Sharon was
shaken from end to end to-day by five
successive explosions at the National
Steel Company's furnace, north of
town. The explosions were caused by
the molten iron breaking out of the
stack and running into the wafer
around the bosh.
The shock was so great that houses
were rocked as If by an earthquake.
Great damage resulted to the furnace
and the stack has been forced to close
down, and will have to be partially
refined.
The plant will be idle probably a
month and the loss to the company
will amount to thousands of dollars.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-25
PROTESTS ARE IGNORED.
Venezuela Pays No Attention to Kick
at Fake blockade.

Willemstad, Island of Curacao, Aug.
M.-According to Venezuelan advices
received here, the government of that
country has replied to the protests
lodged by Germany Great Britain and
france against the blockade of Vene-
zueian ports as not being effective by
Qeclaring that the protests in question
VIII not receive consideration.
Two Dutch schooners which entered
olockaded Venezuelan ports in ignor-
once OF the existence of the blockade,
nave been captured by the government
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-25
A BIG LINER DISABLED.
Fuerst bismarck Has StarbOard
Shaft Broken.

New York, Aug. 24.-The British
steamship Sheppy Allison arrived
from Middlesborough to-day and re-
ported that on Saturday, when in lon
gitude 1922 and latitude 40:44, which
is about 300 miles east of Boston. she
had sighter the Hamburg American
liner Fuerst Bismarck, which signalled
that her starboard shaft was broken,
and that she was proceeding under
one engine.
Capt. Berends of the Fuerst Bis
marck told Capt. Williams of the
Sheppy Allison that all were well on
board and that he was proceeding on
his voyage at speed of about fifteen
knots.
The Fuerst Bismarck sailed from
New York Thursday morning for Ham
burg, via Plymouth and Cherbough,
and had on board a large number of
abin passengers.
The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-08-25
ARMY AGAINST THE NAVY.
Second Phase of War Game to Begin
Friday Night.

New London, Conn, Aug. 24.-Maj.
Gen. Arthur Macarthur who is to be
in command of the army maneuvers in
the coming war games with the navy,
is expected to arrive here tomorrow
to assume personal direction of the
preparation in the forts at the eastern
entrance of Long Island Sound. With
him will be Gen. Randolph, chief artil-
lery officer; Gen. Gillespie, of the en-
gineer corps, and Gen: Greedy, chief
signal officer.
The great war game will begin next
Friday night at midnight. BY that
time all details of preparation will be
complete and the army will be ready
to meet the enemy, which in this case
will be the North Atlantic squadron,
whose purpose is to force an entrance
into Long Island Sound, running the
gauntlet of the island forts.