davidaulloa/AmericanStories huggingface dataset:
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-07-22
STOCKS.
NEW YORR MONEY

NJ YORK July ell p. m.-Monev ION call
steady at 2h03 per cent; closing aud offered
at 2h per cent; last loan at per cent; railing
rate :. -. per cent. Prime mercantile paper
ikQ5 per cent. Sterling exchange firm, with
demand and at 4S5k for 20 days Posted
rates 4e6hQ1Ls8K. Commercial bills 4.S4AS
fS5k Bar silver SO. Mexican dollars Al
Government bonds easier; State bonds inactive
hsi ,road bonds easer.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-07-22

STOCKS AND BONDS.
New York, July 21.-There We're various
demonstrations of strength in individual
stocks today but the sustaining force of
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-07-22
PRICES FALL ON
GOOD CROP NEWS
Cotton Closes Steady Three
to Eight Down.
MUCH BEAR PRESSURE
Various Demonstrations of Strength
By Individual Stocks.
CONSIDERABLE REALIZING FOLLOWS
AT the End The Market Turns Downward on
News of Arrangements for Shipping
One Million in Gid to
uroDe,
MUCH BEAR PRESSURE
Various Demonstrations of Strength
BY Individual Stocks.
CONSIDERABLE REALIZING FOLLOWS
tBy the Associated Press.)

New York. July 21.-The new week in
the dry goods market has opened quietly
and so far without developments of mo-
ment. Second hands report that buyers
from the far west are beginning to ar
rive for the fall campaign, and at pres
ent occupy their time looking at new COL
lecuon1. Outside, of this the market
is quiet.
NEW YORK COTTON.
New York, July 21-The cotton
market opened dull and easy with prices
TO 6 points lower and while there were
brlef spells OF reaction from time to time
later. the general direction of the mar
ket was downward under liquidation
and bear pressure based on fine croD
ana weather reports. The commission
houses came into possession of few sup
porting orders and near month longs
were slow to give substantial support
10 either July, August or September
corn. The weather map and special pre-
cipitation bulletins from Washington
conveyed the impression that the belt
since Saturday has been pretty thor
oughly covered with showers to heavy
rains, while the forecast pointed to
showers and thunderstorms in nearly
every cotton State tonight and tomor-
row. The English market news was
disappointment. Speculation was slug
gish throughout the session in the local
ring and gave no signs of broadening in
the immediate future. The trade was
disposed to anticipate a bearish weekly
crop weather statement from Washing
ton tomorrow owing to the we'll nigh
perfect climate conditions of the past
ten days in the belt The market closed
steady and net to points lower
Total sales were estimated at $4,000
bales. Europe and the South were
light selling here. s#
NEw yoRK. July 2l.-Cotton futures opened
dull and easy.
I.ot,..., t,.IyI,.o. aiaaaa .4osL..
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-07-22
Quick Trip to Northwest
via. s. A. L. R'y.

Improved passenger service has been
inaugurated to the Northwest by the
Seaboard Air Line Railway and the
Chesapeake and Ohio Railway, which
has reduced the time several hours and
only one change of cars between Raleigh
and Cincinnati and two changes to
Chicago and st. Louis. Following Ia the
schedules:
Leave Raleigh 1885 a. m.
Arrive Richmond 4:55 a. m. I /
Leave Richmond GAS .. m.
Arrive Cincinnati 1850 a. m.
Leave Cincinnati 1920 noon.
Arrive Chicago $40 p. m.
Arrive st. Louis $40 p. m.
This is a vestibule limited train con-
Meeting in Cincinnati with the big
Four" White City Special. and makes all
of the late train connections out OF
Chicago and st. Louis for all points
West and Northwest.
This connection also gives fine service
to the Mountains In Virginia, making
stops at Charlottesville, Basic City.
Stanton, Goshen, Clifton Forge. Hot
Springs, Allegheny and White Sulphur
Springs.
For any information regarding rates,
rates and etc, apply to
C. H. GATTIS, G. p. and T. A..
Raleigh. N. G.
H. s. Lizard. T. p. A.
Raleigh. N. G.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-07-22
State of North Carolina,
Insurance Department,

Raleigh, June ~, 1902.
], James r. Young. Insurance Commits
sioner, dc hereby certify that The above
is a true and correct abstract OF the
statement of the City Trust, Safe Deposit
and Surety Company, of Philadelphia,
Pa, fled with this Department, show
ing the condition of said Company on the
31st day of December, 1901.
Witness my hand and official seal,
the day and date above written.
JAMES R. YOUNG.
Insurance Commissioner.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-07-22
NEW ORLEANS COTTON.

spot Gotten :losed quiz t; mid ilIng upland
middlinK gulf 81: sales $50 ba,es.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-07-22
COTTON YARNS.
Buckingham, PauIsOn & Co.

Commission Merchants.
NEW YORK PHILADELPHIA. CHICAGO
Solicit correspondence. We are prepared TO
ace orders for prompt or future delivery for
rnbers OF yarn to full advanced price.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-07-22
Leading futures ranged as follows:

Cash quotations were as follows:
Flour was steady; winter patents g. 65a3. rs:
$50; spring patents ss.5o0375; do. straights
%. 0O0I30; bakers s! 3O0280.
No ~se ssd ~! COPING sp+Pg No No. ysoG
y whiss' >; No. white 5sa6s Ry @o 70 sex
Barley, good feeding :; fair to choice mailing
1o07S; No. ! fax seed sl.44; No. northwestern
Short rits sides Goose, no. az ~ D' Drs-sstsd
shoulders (boxed) 90 371lete5O; Short clear sides
(boxed) Sil.3'h0ll50 Whiskey FL 30 Glover.
contract grade. S840
NEW YORK. July 2l.-Flour WAS dull ind
IS 1893 IS; winter straights 1885: winter
patents %. $500 0O, low grades %. 95Q13l5
Rye hos5 quiet; fair to good o. 2oas.45; choice
Corn meal easy; yellow western t.32: CITY !.
brandywine 81. 5O03.55. -
Rye steady; No 2, "estern 6614, State 6sa64.
Barley nom nominal mall feeding esgos; mating
WLeat-spot easy; No. 2, red, 78h. Options =
July 8ox; September II; December S716
Corn-spot easy; No. 2. 701s in evator: -
an pat Optlons-July 7OA: September 63A De-
oats-spot strong; No. 2. g.,
beai 5teaoy; family sl60O0l6. so: mess sl3 80;
packet Sli 5OOal5: beef hams e2l 5O125O
Cut meats firm, picked bellies llh0l2K: :
do. shoulders sG9I; do hams la0l2h.
II I'd cas-. !. western steamed sll.l0; July
SlO97; refined easy; to the continent SlI IS:
south America 1890: compound s1sM8x
Pork quiet; family S!i.00ll21 SO; short clear
$40 90; mess $40 25lD2ll0
Butter steady; western creamery, fresh, 800
2iH: imitation creamery l40lS; factory l60Is:
state dairy l1h020X
Cheese quiet; new state, full cream, small
colored CT Dice 10; large do. ex09as; do. white
9z0lu.
Eggs firm; State and Pennsylvania 2OlD20H
western, 1917: southwestern, l6<0l7
Tall)w was firm; city (S2.0O per package e1s /:
country (packges free) 61406h.
Rosin steady; strained common to good l57X
XGfpentine dull at 4jnQ47.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-07-22
NEW ORLEANS. Ia. July 2l.-Cotton futures
closed quiet and steady
LII v ERPOOL.

LIVERPOOL.
LlvERPe OIL. July 2l-4 p. M.-Spot cotton
my derate business; prices easier; American
lniduing far 7-l6d good middling 1915; mid
ding 6-32d; low middling ed; good ordin Ary
40, ordinary 4Ssd.
The sales OF the Gay were 5000 bales, of which
200 were 70. speculation and export, and incluG
Ell 5000 American. Receipts 100 bales Al lud-
ing all American.
futures opened quiet and closed easy
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1902-07-22
OF PHILADELPHIA, PA.

President, Chas. M. Swain.
Secretary, James +. Lynd
Home Office. 927 and 929 Chestnut
street, Philadelphia, F2.
General Agent for selg'ce. Chas. r.
Reid, Raleigh, N. G.
Business Manager for North Carolina,
Managed from Home Office.
Omaha daily bee., 1902-03-02

saving devices. The financial news is col
lected and condensed in the briefest posi-
BILE form and is rushed to the type-setttng
machines. In an incredibly short time the
form has been thrown into a buZzing little
press and the edition is being run OF. I'm
der ordinary conditions brief news items
can be written, edited, put in type and a
proof obtained within three to four minutes.
The form or size of the newspaper or
bulletin is sacrificed to speed. The sheets
measure about SKY inches. The volume of
news furnished in this form in a day is
considerable. They give the news more in
detail than the tickers and are more re-
liable. They are meant to be read at a
glance in the rush of trading hours. They
give briefly studies in the values Of securi-
ties, reports on railroad and industrial
properties and comment on the money and
exchange markets.
Wages Depend on Hustle.
The newsboys, usually about fifty strong,
line up before the little presses as the
time for the edition approaches. The bull
letins fiutter from the press at the rate
of 500 per minute. The boys grab them by
the handful and disappear through the
nearest door on the run. The time of
their exit and return is taken to the exact
second. Wages are advanced according to
these records. A matter of twenty sec
ond or so in covering a route may be suf-
ficient to distinguish a good boy from a
slow one. More than 400 offices in the dis
trict are served in this way at least every
ten minutes.
A well organized strike on the part of
these newsboys, were it to come unex-
pectedly, would be felt more or less seri-
ously on all the great financial exchanges
of the world. A delay of seconds in dis
tributing important new bearing upon the
market often causes serious fluctuations in
prices. At such times the other means
of distributing the news are usually clogged
and are far behind the actual financial
times. So for a few brief minues the f.
nancial world of Wall street may be said to
hang upon the alert boys. Incidentally
they stand an excellent chance of pro-
motion. 1t is possible that some of the
great fnanciers of the future are at present
standing in line before the little buzzer
presses.
Told by the Tickers.
The little tickers with their incessant
chatter and more or less ineligible HERO
glyphics are, of course, familiar. These
report the quotations of stocks in thou
Omaha daily bee., 1902-03-02

office buildings in the world are to be found
within a stones throw of the Exchange and
many Of them have long waiting lists. The
natural congestion on the surface is in
creased by the unusual narrowness of the
streets whereabouts. Many of them, though
lined with twenty-story structures, are lit
tie more than alleyways. Should all the
inhabitants of the great buildings on Wall
street, near Broadway, chance, for instance,
to leave their Offices at the same instant
there would only be standing room for
about one-fourth of them. In other
words, tine population of Wall street,
between Broadway and Broad street, would
be sufficient to completely fill the street
four times over. The fatal crowding of
the famous Black Hole OF Calcutta seems
trihing by comparison.
Mail Delivery n Feature.
The enormous volume Of mail matter Of
all classes which finds it's way in and out
of the Wall street district daily is another
striking indication of it's tremendous &C
tivity. The average business man through
out this section receives his mail every
day by eighteen different deliveries. A
delay of. say, thirty minutes in delivering
a letter is likely to be a far more serious
matter in the Street than a similar
loss of a day or two in almost any other
business activity. The efforts of the postal
authorities to satisfy this demand are I'M
equalled in any other part of the country.
In a single building on Broad street, with
a frontage of less than forty feet, there
are, for example, three letter carriers con-
staEtly iusied delivering the mail. And
the letter boxes to be found at every cor
ner are absolutely inadequate for holding
the mails. Every building of any preten-
sion, and there are scores of them, has one
or more mail chutes extending from the
first to the twentieth floor, or whatever 1t
may be, which are in constant use.
1t has become something of an axiom
that men in Wall street have no time even
to eat. And this is literally true as far as
the regular business hours of the day are
concerned. From 10 to 3, while "'Change"
is the center of SO many revolving dollars,
the great majority of brokers never eat.
Each minute is far too valuable. But the
population of Wall street is so enormous
that restaurants are naturally an impor-
tant feature of its daily life. The financial
district is so bounded with great rivers,
so far removed from tho resident section,
that every one is dependent upon the pub
lie dining. rooms. There are restaurants
at every turn, on the roofs Of sky-scrap-
Omaha daily bee., 1902-03-02

sands of Offices in something less than a
minute after their announcement During
financial panics the market at times be-
comes so active that the tickers find them
selves an hour or more behind the news.
The stock ticker has been elaborated OF late
in several ways. A complicated mechanism
which prints the news by electricity on a
continuous page or scroll is the most sue
cessful of these devices. All these con-
trivances are operated from a common CEN
ter, either on the floor Of the exchange
or some point in direct communication with
It. A single operator seated before a type
writer writes upon a thousand sheets in
every section Of the city at the same in
slant of tim e.
The number of Stock exchange tickers is
restricted and many ingenious devices are
resorted to repeat the official figures with
the least possible loss of time. To be sure,
the figures may be repeated over other
tickers, and there are several such services
for sale, but this, however nimbly done, en-
tails the loss of two or three minutes at
best.
By the time the belated figures arrive an
active stock is likely to have fuctuated IA
dangerous distance. The best substitute
for an official ticker is to repeat the figures
ny WI " hiOhNh ONSi a NSiSpiOlSB liz 80
cult being kept open throughout the entire
financial day.
Plenty of waiting On.
The Wall street man, during the fnan-
cial rush hours, requires more waiting upon
than royalty. AS the general action moves
more rapidly the number of employees in
creases in direct ratio. There are, for ex>
ample, more messenger boys to the acre
throughout the financial district than on
any other spot of equal size in the world.
Each active trader on the floor of the
Stock exchange has from two to five assist
ants or messengers. In every office a SINH
lar wealth in the number of assistants is
to be found, while the number of messen-
ger boys on call is also unusual. 1t is esti-
mated that there are from eighty to 100
special messengers available upon each acre
of the Wall street district. The boy popu-
lation of the Office buildings is rather more
than twice this. For every acre, therefore,
there are some $50 messengers. Imagine an
acre lot filled with $50 boys. They would
pretty comfortably crowd it.
1t is difficult to realize the extent of the
enormous daytime population of the Wall
street district. 1t is crowded with great
intricate hives of office buildings, all OF
which are densely populated. The largest
Omaha daily bee., 1902-03-02

ers, in cellars far below the street level
or in the interiors Of great buildings far
removed from any possible daylight. There
are restaurants to cater to every taste and
every pocketbook. The millionaire dimes
in restaurants famous the world over
whose very names are household words.
The man who has lost practically his last
dollar, the office boy or the bootblack arc
served with dishes for a few pennies along
side the ~palatial cafe or dining clubs so
crowded is every one for space.
Push Cart Cafes.
The most picturesque feature Of the street
is the curious open-air pushcart cafes. No
where else are they to be found in such
variety. They are arranged with stoves
and broilcrs in winter and with ice in
summer, and they offer limitations more or
less palatable of practically every dish of
the expensive restaurants, and for l or z
cents, seldom more. 1t is the time honored
custom for them to assemble in the side
streets leading into Broad street, near the
Stock exchange, just before noon. AT the
first stroke of the clock they all start in
one mad rush to gain the most advantage
Gus positions. Not infrequently a cart is
overturned and a literally free lunch Is
scattered about the street.
Not the least important detail OF the
mechanism of Wall street is its elaborate
system of detective protection. A very
effective dead line has been established at
Cortlandt street for years., beyond which
no crook known to the police, nor even a
suspicious looking person, is allowed to
pass. AS an additional precaution, how
ever, a score or more OF central office de-
t~ectives are constantly on guard at the
principal entrances to the financial dis
trict. They usually congregate In the vi
cinity of the United States Treasury build
ing at Broad and Wall streets.
Millions of dollars are constantly being
carried past this point. 1t comes in gold,
packed in sacks and carried by the ton in
steel wagons; it is brought downstairs In
cabs or carried in ordinary travelling bags
or in the pockets of the crowd which con-
stantly pours into Wall street. Such a
thing as a hold up" is unknown. A cry
for help in the financial section would in
stantly bring a formidable force of armed
detectives TO The spot. The men who stand
guard here can usually tell from their long
experience when a man carries a large
sum of money from the nervousness of his
manner or some sign of circumstances
and a careful eye is kept upon him.
+. A. COLLINS.
Omaha daily bee., 1902-03-02

sounding tattoo. The first strident note is
a veritable call to arms. Before its echo
has died away hundreds Of traders with
their scouts, aids and messengers, are
struggling in a great seething mass. The
same signal has meanwhile been carried TO
thousands of ofices-the money world is
awake.
Continuously for the next five hours the
kings, h%irelings, servants and slaves OF
finance wage fierce battle. Just 5000
seconds, any one of which may spell ruin,
and the volume of business requires that
each tick Of the clock shall be a record Of
something done. Nowhere else in the
world has the mechanism for carrying on
business been reduced to such an exact
science.
Wall street is always feverishly impa-
tient to hear the latest news about itself.
The general public may be content to wait
for it's morning paper. The Wall street
man demands the latest financial news
of the entire world at intervals of seconds
only. The financial news service under
this pressure has reached a perfection
little short Of marvellous. The news is
telegraphed over a variety of tickers d.
rectly from the floor of the exchange to
thousands of offices, it is talked over tele-
puOuG IL Win NV ASNA
connections, or it is printed in miniature
newspapers and distributed by hand at the
rate Of fifty or more editions every five
hour financial day.
Swarms of Messenger Boys.
Visitors to Wall street will scarcely fail
to notice the swarms of small boys clutch
ing handfuls of papers and usually on the
dead run. They tumble Unexpectedly out
of Easements, disappear in an instant
through the doorways of great office build
ings, to return shortly empty-handed. These
are the most alert newsboys in the world.
:. They distribute by main boy power the ia
nous financial news slips to the offices Of
the market operators. In normal times
they deliver an edition every ten minutes.
During financial panics or other excitement
editions are even more frequent.
The n-edition-an-hour newspaper is
organized much the same as an ordinary
news sheet, but with more dependence upon
the telegraph, telephones and various labor
Omaha daily bee., 1902-03-02
Copyright

1902, by f. A. Collins.)
RECISELY at 10 every business
morning a liveried attendant,
armed with a huge gong, steps
upon the floor Of the New York
Stock exchange and beats a re-
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1902-06-22

He took a much larger piece than the
others. for he knew that they would be
blamed more than ne, which was rather
mean, as he was q little older than either
Of them. Then as he was saying ITS the
finest pie ma ever made up stepped
John. and. with a fierce Look. he cried:
AHA. I've caught you, you pie-stealer.'
lie seized Orlando by the collar and
shook him real hard. but meanwhile had
his eve on the pie, and as Orlando had
taken quite a large piece some Of the
g0oseberries showed. and John was aw-
fully fond of them. lie stopped shaking
his brother and said: Where is mother
she is hanging out clothes" said Han
nah. who came along just then and whose
eyes opened wide as she saw the dam
aged pie.
John said no more. but broke of a bit
OF crisp crust and with his finger lifted
out a couple OF gooseberries and swal-
lowed them in an instant. Then Hannah,
of course. had 20 have a taste. and be-
fore she vas through up came William
with Peter. and then Gladys, Fftzhugh
and Alice and they am sQuealed with glee
20 catch their elder brothers and sisters
doing wrong, as they were doing pretty
near all the time.
on. the poor pie big as & vas. now
looked as though cyclone had hit IL. It
had great chasms along it's sides, but
you should have seen &c a little later when
the news got out Of what had been done.
and all the rest Of the Smith children
went for it.
Their mother was very busy Just then
talking 10 a lady who lived not FAR away.
ana so they had plenty of time. and soon
there was nothing Left Of the pie but some
juice I'm the bottom OF the great plate
Then. when the empty plate stared them
in their faces so acCrsingly all were smit-
ten with q great fear and locked NJ one
another as 81 70 say; Yea began e."
Whife they were each blaming the other