davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1902-07-12
LOCAL AND GENERAL MARKET REPORTS

and the manipulated months remain
about in the same tenor as for several
days.
There was nothing new to report in
oats. Cash demand continues sufficient
TO take care of current receipts, and ct
the usual premium. whicn has been pre-
vailing for some time. The conditions
throughout the West, while they are
rather improved so far as weather IS
concerned, are not inducing any move
ment or any apparent effort at this date
toward preparing the new crop for mar
ket
A car of new oats in today from Mis-
souri, was of very ordinary quality,
light in weight, and graded No. white,
and came from a section not usually
tributary to this market. so far as ship
ping oats is concerned.
Provisions opened strong in spite OF
large receipts of hogs and lower prices.
Lard was the leader again, but selling at
the advance was enormous. and no effort
was made to conceal the fact that the
selling was for leading holders.
Pork was sluggish. and acted as Il
owned entirely by outsiders, and a few
local bulls. Good men maintain and be-
lieve that January pork will yet be ut
n premium over September. Cash trade
fair
The Washington times., 1902-07-12
THE CHICAGO GRAIN MARKET.
Public Do Their Own Thinking and
Take Broad View of Situation.

CHICAGO, July 1l.-Wheat opened
rather easier. the local crowd seeming
to feel that the Government report,
taken specifically. was bearish. and
they anticipated that the general pub
lie would SO construe it. but it only
required a few minutes OF activity to
demonstrate that the public evidently
were doing their own thinking. and that
they took a broader view of the whole
situation than simply to review the Gov
ernment report alone.
There is a continued good inquiry for
cash whoat here, and also a continuance
OF scarcity of the grades required.
namely, Nc. ] northern, spring, and No.
2, red, winter.
The Modern Miller" reports today
that its advices indicate that "whe7o
wheat has been stacked II is sprouting
badly in the stacks" terrific storms
having beaten in and undoubtedly done
a great deal Of damage to the stacked
grain, as well as destroying a consid-
era5ls portion of the grain that was
standing in the fields.
There are no special features in corn,
The Washington times., 1902-07-12
THE COTTON MARKET.
Southern Operators in Gotham Buy
August.

NEW YORK, July 11.-While there was
some irregularity IN cotton today. in the
main it was a stronger market. owing
to the fact that Texas did not get the
copious rains which it unquestionably
needs, especially in the western section
of that State.
The recent rains in Texas have un-
douttadly been beneficial. but that is
very different thing from saying they
have done lasting good for 1t seems
clear that they have not.
Liverpool sent buying orders. The
South did comparatively little except
that Southern operators now in New
York bought August to some extent.
The market closed firm, with quota
tions unchanged to . points higher.
as compared with yesterdays closing
prices
The Washington times., 1902-07-12
a. IL ali

the price. aided by abnormally low
stocks at all points.
Farmers reserves are evidently In
significant for attractive prices do not
bring out even n fair volume of receipts.
Locally there was little response to the
excitement at Chicago. prices ruling
firm. but with light trading. Wheat was
quiet. and strong.
More confidence was shown in Wall
Street. the sixty most active railway
securities rising to a new high record,
despite the crop and Industrial factors
which made for conservatism.
Failures for the week number 1913 in
the United States. against 20S last year.
and 90 in Canada, against q year ago
The Washington times., 1902-07-12
SPECULATION ACTIVE.
Dun's Present Favorable Report Despite
Many Drawbacks.


Many Drawbacks.
NEW YORK. July. u.-Dun's' review
tomorrow will say:
Good news predominates, although
unfavorabe weather proved drawback
at many points. and new labor disputes
arose. Oppressive heat checked retail
trade and excessive rains interrupted
harvesting, yet experience teaches that
crop disasters from too much moisture
have been rare, the other extreme hav
ing furnished the great records of loss.
Distribution of products at Chicago
was retarded by the freight handlers
strike, and a sympathetic strike of
teamsters was started on Thursday. Silk
mills at Paterson resumed, and Il num-
Der OF coal miners applied for work.
There is less than the customary
midsummer idleness in manufacturing
industries. despite the scarcity of fuel.
Commodity prices are fully maintained
Speculation has been more active in
securities railway stocks reaching the
highest average ever recorded. and at
Chlcego July corn was manipulated to
the highest point in 4 decade.
A'aAi-h tANuiIgtS bl i''NiHc N'siNS
show daily average Tor July thus far
of III per cent more than last year
and 27.S per cent above 1899. Railway
earnings thus far available for June av-
erage 80 per cent larger than last years
and 20.6 per cent above those of 1900.
Statistics of pig iron products on July
l are somewhat surprising. According
to the Iron Age the weekly output
was at new high record OF 352.59 tons.
the shortage OF fuel.
LAS 1t was well known that numerous
furnaces had suspended operations.
moderate reduction in iron making was
expected. but this factor was evidently
more than offset by the resumption Of
plants formerly Sanked because of
strikes.
Corn has again been the prominent
feature Of the markets for domestic
staples. Spectators at the West Sc
cured control of the 6.000,O0O bushels in
the visible supply, and compelled the
short interests to cover contracts at
high prices.
AT the top point on Tuesday. July corn
commanded 30 cents a bushel, or about
Il cents more than wheat. A difference
Of about 40 cents a bushel between the
current months option and deliveries
n December indicates the fictitious posi-
lion to which speculation has carried !
The Washington times., 1902-07-12
GRAIN CROP DAMAGE
WAS EXAGGERATED
Warm Weather Results in
More Favorable Reports.
STRIKES NEARING AN END
Clearings Much Better Than Earlier in
the Year - Ability to Pay Prices
Bradstreet's Point to as Evidence of
Prosperity.

NEW YORK July 11.-Bradstreet's to-
morrow will say:
Warmer and more settled weather in
many sections has helped seasonable
trade. and made 1t possible to ascertain
that the earlier reports of grain crop
damage from rains were rather exag-
gerated.
While the hesitation in some lines OF
distributive trade induced by the cool,
backward weather has not entirely dis
appeared, there is a disposition to re-
gard the situation, particularly for the
fall season. as more assured than pre-
yiously.
Among the industries iron and steel
rank first in activity, and the chief
source of complaint is the scarcity OF
fuel, both coal and coke. limiting pig
iron production at a critical period. The
labor situation has rather improved, il
anything.
The Washington times., 1902-07-12
PENNSYLVANIA co. TO
Spend $lO9.OOO,OOO
Railroad Extensions and I'M
provements Contemplated.
THE NORTH RIVER TUNNEL
Statement Attributed to President Cas-
sat to the Effect That Sroo, 900 900
Will Be Used Within Next Three
Years for Work Contemplated.

NEW YORK, July 11.-Some attention
by statement attributed to Mr. Cas-
sat. president Of the Pennsylvania Rail
road Company. to the effect that that
company was going to spend 500, 900 O0O
in the course OF the next three years
on extensions and improvements, and
some curiosity was aroused on the sub
ject, particularly in the possibility of
the issuance OF new securities for that
amount
The Washington times., 1902-07-12
Less Confidence.

THE anthracite coal strike still con-
tinues. but less confidence is noticeable
among those who predict a general shut
down of bituminous mines in sympathy.
The Alabama and Virginia strikes ap
pear in fair way to settlement. and the
probable ending of the Paterson, Provi-
denoe, and Portland, Ore, strikes will
favorably affect trade in those sections.
Railway earnings thus far reported
for June (the anthracite roads excepted)
show an aggregate of 8 per cent on last
year, and all reports as to probable
crops and trade point to the mainte
nance of heavy tonnage.
"Clearings are more favorable than
earlier in the year, and the decrease
shown by 1902 from 1861 bids fair to be
cut down. The strength OF food prices.
particularly of cereals and meats, are
based on small, Immediately available
supply. rather than fears of possible fu-
ture shortage.
The Washington times., 1902-07-12
Rock Island Advance.

Less important movements were in
Union Pacific and Atchison common.
There was a sensational advance in
Rock Island to 100. and at reaction Of
points it closed ~ points higher than
last night. Louisville and Nashville
made a maximum advance of nearly 2
points, but retained less than half of
It.
In the early dealings the local trac-
tion stocks gave signs of animation
under the lead of Brooklyn Rapid Tran
sit, but the movement in them died out
However, Brooklyn Rapid Transit and
Metropolitan Securities retained part
of the early advance. Less active is
sues that were strong throughout were
Des Moines and Fort Dodge, st. Joseph
and Grand Island first preferred, and
Chicago Union Traction.
AS was to be expected after yester-
days effective demonstration against
the short interest the dealings in Sugar
Refining fell off, and the price declined
The net loss sustained by that stock was
1Z per cent
The Washington times., 1902-07-12
BIGLEGAL FIGHTS
WORRY WALL STREET

Transit. Tennessee Coal, and United
Copper. The closing was comparative
ly quiet and heavy.
The Washington times., 1902-07-12
Receive Attention.

Other industrlals that received mod
crate attention were United States
Steel common, the market for which
was very firm, and Virginia -Car.lina
Chemical common, which was exception
ally strong throughout. On light trans
actions Western Union recovered near
ly point.
The market for the shares OF the
Eastern trunk lines reflected profit TAX
ing which. in the case of New York
Central. resulted in a net loss of nearly
~ per cent. The influences depressing
the market were the apathy of London,
the firmer market for sterling exchange,
the heavy loss in cash by the banks this
week. and fears that the corner in corn
at Chicago may result disastrously to
those who have engineered it and COM
pei them TO tighten their speculative
position in the market.
The indications are that the demands
CT Chicago on this center for currency
have been supplied fer the moment
Shipments of currency to that center
have fallen off. and at the same time
the New York exchange at Chicago has
begun TO recover
The Washington times., 1902-07-12
LOANS OF $40

AND UPWARD on FURNITURE AND
PIANOS, at lowest rates and Sn the day yoa
apply. We are loanng on the Building an!
Lean Association plan, which makes the los:
OF carrying loans much less than you pas else
where and allows rou TO pay it of ia any
sized notes you desire, running from one -
twelve months II YOU have loan with som,
other company will pay |. of and advance
you more money II desired. Rates cheerfullv
given, and no cost to you unless loan is made
Call ard getNrafes Front room A-sr ,inor
NATIoNA: MORTGAGE LOAN Co,
a25 b St y W.
The Washington times., 1902-07-12
Eleyating Trenton Tracks.

THE tracks at Trenton are also to be
elevated, it is said, and many other
improvements of similar character
are either being carried out or are In
contemplation en- the main line. and at
important places thereon. So that, al
together, should not be surprised If
the company wero to spend more than
the sum named in the course Of the
next three years.
1T should not be forgotten" con-
tinued the speaker. that the company
has already provided for an expenditure
Of $50, GGo eco in extensions and i'm
proven.ents by issuing at par short
time ago $50 coo, 600 OF 3is per cent bonds
which are convertible into stock in, /
think. two years tine at l40. The COM
pany viii have no difficulty in ra.sin.
SSe, 900, 900. or even 800 ,00e, 900, mere
cash By issuing stock for that amount.
Like the Illinois Central Railroad
Company an Issue OF additional stock
by the Pennsylvania Railroad Company
raises the price of It's old stock, the
privilege of subscribing for this new
stock being a valuable right which the
holders are always anxious to secure.
because they know that the money thus
secured by the company is always spent
in improvements that enhance the value
OF the property.
The Washington times., 1902-07-12
Brighter Prospects.

1t is possible that the banks will not
make as poor showing tomorrow as the
known movements Of money would in
dicate, as it is believed that loans and
deposits have been materially reduced
The developments of greatest interest
to Wall Street today were in the va
rious suits brought against corporations
by professional litigants TO prevent the
carrying out of plans that have been
approved by large majorities of stock
holders.
The vice chancellor of New Jersey,
having been convinced that the name of
a reputable stock exchange firm had
been used without authority in one of
these suits signed an order this aft
ernoon permitting the firm to withdraw
Its name as one of the plaintiffs At
the same time. the fact became public
that the plaintiff in one of the suits
against the tobacco companies had dis
continued his action without notice to
the other side.
The Washington times., 1902-07-12
LOAN COMPANIES.
PRIVATE LOANS

On personal notes w;;hou: indorscr references.
or security; simply your promise 70 pay. our
new plan enable, everyone 10 secure F,Icy cash
at er.ce without Inconvenience or delay. Our
method of conducting loan business Is based
on the word Confidence more than OF Sc
curity. You have our confidence; we have your
confidence. You need money; We have money
We don't need. When you fail TO get accom-
modated elsewhere, call on US and you will not
be disappointed. II you have g lean nox il
will not prevent you from securing further ac-
coulmodatiOn from the old reliable.
CAPITAL LOAN GUARANTEE CO.,
Coz F St. N. W.
Phone. East 205 Corne. Sixth g.
iu2s-tf
The Washington times., 1902-07-12
High Prices Paid.

Except for wheat, highest prices paid
for ten to twenty years past at this
time are being paid. Textiles and other
manufactured goods tend lower, and
thus affect the general level of values.
which, in the natural course of events.
would seem likely tol recede as the sea-
son for gathering large yields of agri-
cultural products approaches.
The ability TO pay the prices ruling in
the past year is one of the best evil
dences of the prosperity prevailing
among ali classes. a further light on
this matter is shed by the reports from
all parts of the country OF enormous
passenger traffic by rail and water dur
ing the first week of July.
Failures are down to a low summer
minimum.
Southern advices are the reverse of
those from the West and Northwest.
Here also. as for some time past. dry
weather Is complained of in Louisiana.
Mississippi and Alabama. Nothing
alarming as to cotton is forthcoming.
however
The Washington times., 1902-07-12
Suits to Spoil Plans Of
Corporation Majority
Holders.
CROP REPORTS FAVORABLE
Dealings in Bonds on a Small Scale
Loans and Deposits Materially Re
duced-Missouri Pacific Exceptional
ly Active-Close Quiet and Heavy.

NEW YORK, July 1.-THE stock mar
ket continues to be swayed by con-
hicting influences. Favorable crop re-
ports, including the one issued by the
Government, induced further purchases
OF the shares of the granger trunk lines,
and of the trans continental roads in
the early dealings.
Missouri Pacific was exceptionally ac-
tive, supplying more than one-fifth Of
the total transactions. and enjoying a
net gain of more than points.
The final price for il was only shade
under the highest recorded. Other
stocks of the same group did not hold
their improvement. St. Paul sold at the
highest figures recorded for 1t in the
present movement, but subsequently re-
acted to within small fraction OF the
dnal figures of yesterday.
The Washington times., 1902-07-12
No Cause for Surprise.

LAS a matter Of fact" said banker
familiar to some extent with the com
paDy's plans. the announcement should
not have caused much surprise in view
of what was already known in that di-
rection. The Pennsylvania Railroad
Company's tunnel undertaking In this
city with station, ard its projected
connections with Long Island and also
with the New York, New Haven. and
Hartford Railroad via Long Island will,
it is estimated. cost more than S5O.OOO.-
600. The New York tunnel with the con
nection under the North River will. 1t
is supposed, be completed within three
years Besides that gigantic undertake
ing. the company is elevating its tracks
through Newark. is doing much the same
thing in New Brunswick and incidan-
tally Strengthening the route at both
DiaCeS.
The Washington times., 1902-07-12
Show Signs of Progress.

In the northern half of the belt the
cotton crop, and corn likewise, is pro-
crossing well. Reports of late rains
helping cotton come again from Texas
and outside reports. notably those is
sued by the Texas weather bureau. also
disagree With the pessimistic report is
sued by the agricultural bureau on
July 3.
Business failures for the week ending
July 10 number 1875. as against 13S last
week and 1873 In this week last year"
The Washington times., 1902-07-12

WE WILL LEND YOU MONEY
On YOUR furniture, pianos, organs. etc. and
you can paw IL back in small weekly or month
is payments. ABSOLUTELY no DELAY.
Our business is strictly confidential; no en-
Larrassing questions TO ask you. Lowest rates
in the city Private offices.
COLUMBIA GUARANTEE COMPANY,
ci3 Street n. ".
The Washington times., 1902-07-12
Small Sale of Bonds.

The dealings in bonds were on
smaller scale than yesterday, and there
was no impairment OF the flrmness of
the market, Notwithstanding the reac-
tionery tendency IN a large portion Of
the stock list.
Exceptionally strong features we're
Pittsburg, Lake Erie, and West vir-
ginia fours of the Baltimore and Ohio
systems, Consolidated Tobacco fours.
Detroit, Mackinac and Marquette land
grants, and Union Pacific convertible
fours.
The sharp advance in the Marquette
land grant bonds was on the announce
ment that the trustees are negotiating
the sale Of part of the lands, secur-
ing the mortgage for $3.50. 600, which
will be applied pro rata TO the balance
Of the bonds outstanding.
Heavy Closing.
In the outside market there were
dealings In Metropolitan Street Rail
way new fours at %, which is ~ above
the price at which the bonds were re-
Gently sold TO the public
Other noteworthy dealings were IN
Northern Securities at 1888 Otis Ele-
water, from 3sA TO 40; Seaboard Air
Linc common, American Can preferred
II e decline to 5z1A; Greene Cunsoii-
dated Copper. Hall Signal, Manhattan
The Washington times., 1902-07-12
MONEY TO LOAN.

MONEY TO LOAN at 81. to per cent. in sumo
OF SlUU0 to $40. .OO0, on D. c. real estate; pay
OF and per cent mortgages and begin anew;
all transactions conducted with economical con-
sideratioa fer borrowers. WM- H. SAUNDERS
< Co. 1907 p st.
The Washington times., 1902-07-12
Government Bonds.

IUIuI SdIts UI sIUCnsf OV"'VVV 5Hd
Advance. Decline.
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1902-05-28

here for even the shortest time. Like
the others she was quite determined TO
return for another view of the beauties
OF the land.
Miss May warde found adjectiyes too
weak in her appreciation of the natural
beauties. but she had to work. she said.
and SO there were some discomforts,
| the principal one being the warmth
which made her wish that the visit
had been paid during colder weather.
Nithal she said she had enjoyed
the experience and hoped to return
when the heat was not so pronounced.
Barry tombstone had experiences
here which will be remembered by him
for many years. and which will do
much to draw him back To the Islands.
Mos; delightful'' were the words he
used. and he continued: Il have en-
joyed the experiences here very much
and / must say that there We're many
things which have been exceedingly in
teresting and entertaining. l have en-
joyed the scenery. the tropical effects.
the people. Ii has been one OF the
pleasures to meet the people. TO be en-
tertained as We have been, and / shall
take away the most pleasing memories
OF the Hawaiians. Princess havana
nakoa and Miss Campbell have i'm
pressed me as most beautiful and cUi-
tured types OF your people. and I shall
lcok forward with pleasant anticipa-
ton TO another visit"
Miss Ashton said that she was not
sorry TO leave Honolulu. simply because
IL meant going home, though she had
greatly enjoyed the time spent here.
She said she had worked hard and this
perhaps had prevented her from seeing
all that the others had been able TO
find out, but nevertheless she had been
most pleasantly entertained and enthu-
siastically received when behind the
footlights. and this alone would have
been sufficient 10 have created a warm !
spot in her heart for the people OF the !
city. She hoped that when she again |
visited the city she would have more !
time and could see more of the coun- !
try, which impressed her as fun OF
beauty.
Miss Bertelle had while here "a most
charming time" She said: we al j
hope 10 be back here. and how could
We hope otherwise? / have had a visit /
fun OF delightful experiences. and there
has not been moment when the time
dragged. and when there was not some
thing 10 see or enjoy. I cannot say
e. hat has been OF the greatest pleasure
- ue. but I can say that there has
Mt been anything which has not given
us pleasure"
Miss Prescott said that she was all
too sorry that she had 10 leave PARA
ss f.r the err-h asain, and that she
-au'i not otherwise characterize her
80 cent or the time spent here. she
said sne had found the people most
1nsTi-71Ie. and the climate everything
--- ,c-'l o. wished. She hoped u re-
.rr sr- said. and would do so n the
very frst opportunity.