davidaulloa/AmericanStories huggingface dataset:
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-05-10
WEEKLY BANK STATEMENT.
EDITORS VIEWS
What the New York Afternoon Papers
Say About Yesterdays Trading.

Especial to The Times.Dispatch.)
q NEW YORK, May 9,-The Evening Post
says: To-day's bank statement, like that
of last Saturday, was chiefly Interesting
because of the loan account. In that d.
rection. the weeks increase was 50, 900 900,
making s23, 00O, 900 increase In fortnight.
How much of this represents fresh extern
sion of credits In this market, and now
much the mere resumption by New York
Of the burden shifted to German lenders
shoulders sixty days ago.. may be open
to dispute. 1t will be recalled that when,
at the end of February, our borrowers
Berlin Institutions. they managed to send
u good part of our current loans across
the water Within that fortnight out
7e eated banks fell SIS COO and surplus re-
iis as app Were built up again several
millions. Very possibly. the position is
now being readjusted.
Notwithstanding the large Increase n
loans the moderate increase in the cash
reserve account prevented any great
reserves decreased something over a mil
lion dollars, but the surplus fund was
still left above that Of the, present date
in 1902 or 1901, 1t Is also above, 1891. 1880
and 1889 These would be small crumbs
of consolation but for the, fact that so
many weeks have elapsed since then that
much could be said of the banks posi-
ton.
A very sane and common sense view
Is. In fact, being taken by the commu-
nifty at large. Money Is very easy. but
brokers and bankers alike are making
their plans with a view to urgent autumn
needs. What we actually know regarding
the prospect OF the crops Is exceptionally
favorable; but it has grown to be watch
word. oven on the Stock Exchange, that
we shall not know enough until the corn
and spring wheat are grown. This atti-
tude Is q far better bull argument" for
the longer future than rnmors that pro-
moters Of postponed deal" have fin
proper conservatism or that the "Wal-
dorf clique" has really decided to give
American prosperity chance to express
Itself.
Perhaps the most curious factor In this
cautious and hesitating market Is the
coal strike Was coming seriously to q
head. No formidable demonstration pre-
sents itself to-day, for the very sufficient
reason that the laborer In the main gets
this year whatever he demands This is
really interesting economic problem
ungraciously. is well known incident OF
prosperity. we witnessed this In 1899 anG
1900 Strikes. ending after stubborn strug,
giles IN surrender by one side or the
other, are equally familiar Phenomena. We
had our full share OF them in 1901 and 1909
peated with fairly, close e1actness wha'
had been seen In the course of every pre-
yious Industrial "boom."
But the present situation does not Sc
easily lend Itself TO analogy, Neither II
the seventies nor In the eighties can q
period he recalled when employers, SO &c
SPEAK, were, morally terrorized by theil
employees. The employer must speak gent
~ now In dealing with fractions hands
however fair his purposes. a too blunt
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-05-10
statement of his case will lead to condlgn
punishment.


punishment.
The Evening Sun in Its review says;
The stock market this morning showed
no Improvement on the conditions which nc
have prevailed throughout the week. The
London market was moderately ae I. s,,a
on account Of the political complications
matter entered to some extent into local
calculations. The disturbed labor situa-
ton was another apparent influence IN
the lethargy OF the speculaa,t 1pt volume
and almost wholly for, professional u a .e,,
count. The tone OF the market was heavy
in practically every quarter and agrees
sive operations for the snor d,r mec1 "e'e
Rock Island and st. Louis and San
Francisco were particularly active ! ana
heavy although It Tns sad on a ~ NO s
sued in exchange for ST. Louis and, san
francisco would be pooled and would not
come UP on the market
There was little or no news or gossip
hearing on other particular stocks. Com
paratively active fea lures were the Mex;
lean Railway issues. Atchison, missouri Jul
Pacific, Erie and Pennsylvania. Amalsa-
ouently weakened in common. with the
general market Innsmuch as 1t was gen,
orally expected that the statement en-. w soa
make nothing more than aos raeasr mefa,
than usual with regard to that document
The bank statement. was a more unlay
orahlc exhibit than had been expected.
inasmuch as cash holdings Increased only
ST 1867. 600 which was less than one,halt OF
the amount indicated In the preliminary
estimates. and Furthermore the loan , nc,
count showed an increase Of more than
50 100000. -,
two Items desposits Increased $i9'9 ~ ~
and surplus reserves decreased siio.,W ~
After ito-days decline In surplus reserves
the banks still hold s1o,o29.ooo above law
full requirements. J., ~
.,ter, of cash was generally Interpreted to
mean re that some Of the trust companies
were withdrawing cash. from the banks
for the purpose Of establishing reserves v as as
required by the recent clearinghouse or
der. There was nothing very, definite n
the weeks final fractions which Wout,io
account for the large Increase IN inc
loan account.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-05-10
PRODUCE MARKETS.

NEW YORK, May ACCOMPLISHMENTS.
Minnesota patents, $4,000; Minnesota
bakers, sssas4o. Rye-.steady; No; 2
Western. 69lsc, Cornmeal-Quiet; yellow
Western, sos, Rye Flour-steady; fair to
good, s2.9as.2O Barley-Dull; feeding
blc., Buffalo,
tons opened firm on cold weather IN the
far Northwest, high English cables and
covering; later yielded TO realizing by the
room element, and closed steady with
net unchanged. May closed at S2ac,;
July 77hc,; September Zoe.
Corn-Spot steady; No, 2, SAFE. Options
also had a steady opening on the cables,
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-05-10

Cotton. dull middllng, 11.15;, net re-
ceipts, lo4 bales; gros ross; S.23s bales; sales.
Total to-day at ali seaports-Net re-
ceipts, S,9S6 bales export to Great
Britain, Geo bales; to France, 1855 bales:
TO the ointment lo,SlS bales; stock, 292,5oO
Consolidated at all senports-Net re.
Geipts. $500 bales export e TO- g, Great eat
to the Continent, 10Sl3 bales
Total since September list Mt all sea-
ports-Nct receipts, 7,445695 bales; export
to Great Britain, 2.662,93 ba les; to France,
734,052 bales to the Continent, 2,G69,09l
bales; to Japan, 1888 400 bales.
NEW ORLEANS, May o.--CorToN-
The market for spot cotton was 1lrm;
quotations advanced &c.
Futures were apparently very quiet:
The ring was not noisy or excited, bur
prices shot up readily, the days advance
being the largest of the season, .The nd
figures and the continued dwindlng, Of
stocks and the supply OF cotton. While
there was some realizing to-day prices
We're only shaded trine, shorts eagerly
taking everything offered at almost any
price In preference to carrying. their con-
tracts over until Monday There We're
slight fluctuations In the trading. but the
when the board showe< net gains OF "a
points on May; June, 80; July, 40; August,
%; September, 81, and 6G7 points on the
other months
Irregular May, lilo bid: June; Ills bid;
July, II 43; August, l0,6S110,69; September,
965@9,66; August, S.70qsH; November
S,bgnSGO
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-05-10
Professional Trading Only.
and That Desultory.
STATEMENT DISAPPOINT'G
Gain in Cash Reserves Only About Half
What Observation-Disclosures Pro.
fessed Une asiness Over Man
cfurian Situation.
(Bs Associated Press,

NEW YORK., May 9.-Desultory profess
sonal trading was all that was in evil
dence in to-day's stock market. The tone
was heavy throughout, and traders pro-
tossed considerable apprehension over the
outsome OF the situation in Manchuria.
The bank statement was also dlsap-
,H the a gain bn IN 'hf he eash
expected from the reports from the known
movements OF money Another loan in
crease Of over co vas ascribed to the
to domestic lenders. which has kept up
the rate of exchange during the week to
near the gold export point. The question
of an outgo of gold next week Is left RI
open, as money and discounts were flrm
to-day in London and the exchange mar
ket kept a firm tone IN spite OF the Gull
ness Incident to the Saturday market.
The special heayiness was shown by
such speculative leaders as st. Paul
Southern Pacific. Atchison. Missouri Paci,
fic, New York Central and Amalgamated
Copper, and was attributed to operations
by a bear faction which WAS designed to
influence sentiment in the general market.
The selling Of Rock Island was accompa-
MED. by surmises as to the effect t. on nt the
market of the additional issue Of stock
In volved In the st. Louis and San Fran n
csc> acaulsitie\ a four point decline IN
Metropolitan Securities tended to agEra-
yate the depression to some extent Ihere
was no perceptible recuperative power IN
che market x closing w sam essy senF Of
bonds as we'll, which made that depart
The tone of the bond market is, rather
better than that for stocks and shows
moderate Investment demand for weil-se-
cured mortagoQ Offering a good return.
United States Is declined Y per cent; as
compared with the closing call OIL iast
week. -, ,,o,,aht
The total sales Of stocks for the DAY
were 1s9.40o shares.
MONEY AND ExcHANGE-cLosE:
Money on call nominal; time =, money,
steady: sixty and ninety days, 3N44 per
cent. six months, AK per cent; prime
mercantile paper, i3.G5la per cont Ster-
ling exchange steady with actual busi-
ness in bankers bills at $4.SSG4SS tor
demand and at .S4S5G4.S5 for sixty days;
posted rates, s4.S51a and s4.SS1aG4.S9; com
nnerciAl bills, $4.S4d4.S4 Bar silver; oiH;
Mexican dollars, AZ. Government bonds
steady; railroad bonds easier
WEEKLY BANK STATEMENT.
NEW YORK, May 9.-The statement OF
the averages of the clearing house banks
of this city for the week shows:
Loans 1923. 0S0. 2n0: increase, 50 OOl .200:
Deposits, s915. 1874, 100: increase. slo: ~. 5o0.
Circulation SAG. 800; increase. 500. vOO.
Teral-tenders s69, 1896, 500; decrease, $780,
800. 500, ,oo
Specte s169 O51 TOO; increase. Sl.6l3 400.
Reserve SOS. 800; increase. 81 .366,6oo
Reserve required, s22S9os,6Io; increase,
: t2.51S,625 >, 70 oo-
Ex-ITnted States deposits, Sl93i2,O2o;
5ecrease sl156, 925.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-05-10
Wall Street Gossip.
tspeclnl to The Times Dispatch

Especial to The Times, Dsnatcb)
NEW YORK, May 9-The opening on
the, Stock Exchange was extremely dull
and featureless, and there seemed to be
very little account open on either side,
Traders were not taking much position
In view OF the uncertain possibilities Of
the bank statement. Commission house
orders were trlliing and London was do
Ing nothing.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-05-10
COTTON MARKETS.

NEW YORK, May s.-The cotton mar:
ket opened firm at an advance OF 400
points, ruled very active and strong on
covering, and within the first hour the
old crop months had increased the ad-
vance to oGDl3 points. while the new crop
The Influences were chiefly speculative
but the demand was accelerated by disap-
pointing port receipts, bullish private
cables, strong demand from New orleans IS
clique said to be selling on the advance
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-05-10
still further high records for the season

We're reached in the cotton market to-
day. July. August, September, October
and December all reaching new high lev,
els. July sold at 1922; August. 9.99, and
September, $50; exceeding the previous
high price by 10, 10 and % points respec-
tive. May, owing to LIQUIDATION in that
range selling no; higher than -0.99 The
covering of shorts In the later months
was influenced by frmer Liverpool cables,
and the excltment among July and Au-
gust shorts in New Orleans.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-05-10

togeth e w With uef fair nip moyement Vest
Closed easy. m@ssc: net lower May
S SSsed oa at e1i MY se options du
Beef-ouiet; family. sl1.5oa12. 80; mess,
ssalo bef hams so s1;as 81 Msats- dr.
shoulders, &C.: do. hams; 11H9l2c. Lard.
Easy; Western steamed. $3.50; i r stnesa
. RsEestsady mesa fs'syy sa as short clear
creamery common TO choice, i7@2,l1sc:
State dairy, 17@21c. C.heese-Steady; State;
white. old, is@1Se;; small. colored, new.
12i4c. small white. new, 12Ac. Eggs-
Firm; State and Pennsylvania 17c.; South
err aSSe m marEet for rs eeec futures
opened dull at unchanged prices and ruled
idle closing dull and unchanged, Sales,
900 bags. Spot Rio, quiet; No. in a
s.isc.; Centrifugal. sS test. Slide. mo;
lasses sugar 81; refined, steady z. 49, Mould ,na
$3.50 c9nreGtione rs a aG1; si sas6
cubesc,. sos; crushed, $40. Rice-Quiet;
city. 5Ne; c ssH1 oy T5g
.pentine-Firm at 49G49Rc. ,oa
425; State and, Westefa,n per 1872 pounds,
Jersey sweets, sl7563. Peanuts-Steady;
fancy handpicked. 4A14Ac.: 4 other do
nestle. 2%@d1kc. Cabha ges-Steady; Nor
folk, 75c.da1.12. Cotton-By steamer to
Liverpool. 12c.
CHICAGO, ILL., May 0.-The Saturday
dizziness pervaded the grain and proVis-
lon pits to-day andhprlces In generN were
firm, July wheat closing Nc, hlghher; July
provisions closed shade lower to TIC.
higher.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-05-10
ROCK ISLAND HEAVY:

The heavy tone in Rock Island was
taken to indicate the selling. OF stock IN
anticipation OF the merger with ST, Louis
and San francisco, The market gives
very fair evidence that some considerable
holder of the latter Is making sure OF his
60 per cent. by getting the price of 1t In
the market In advance.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-05-10
BALTIMonE STOCK MARKET,

BALTIMORE, MD. May 9,-Seaboard
Air Line common. 2bfs@26; do. preferred,
42@i3 Seaboard As. S3lsqA, Atlantic
Coast Line common, l2sla asked; do, pre-
ferred, unquoted.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-05-10

and although 1t was an open question
whether stocks could be bought back
without corresponding rally. the room
traders seemed willing to take the chances
Of the bank statement
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-05-10
CLOSING BOND QUOTATIONS.

C,hicaro and Northwestern con. Is. 13lB
S,hicnSo Rock island md Pac Es.... 1o59s
c., c., c. and st. Louis gen. 4s...... le9 !is
Chicago Terminal 4's.....: ............. s sda!a
Colorado and Southern 4's........... S SSs
Denver and Rio Grande 4's........... 9199t4
I,.ia o,.,or iior l.a -}.,-..1. .......,,.. 80
Er ia q General as Recommendations. s61a
ISart U,nrt,, and Dnnver CITY lists Ill
Hocl5lnr valley 4h's.................... 1915
fnuisvi1le and Nash, Unified Is.... 1904
Manhattan Consolidated gold fs..... lo VIZ
iexican Central 1st Inc. 261s
MIN and st Louis 74's............ 1VJ1a
Niisan,,ri Kan and Texas 4's......1 100
NIisso,,ri Kan and Texas 2d's........ 2A
New York Central gen. 3ia's......... llooa 1874
Nortbnrn fociar as ,,..... l02
Northern Pacific 3s..................... M
Norfnils and Western con- Hs......!. 1914
Realinp General 4s......... 97R
81 T.. and Iron Mountain con. 5's.... 1924
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-05-10
[DXICAN NATIONAL sTRONGl

MEXICAN NATIONAL STRONG,
Mexican National preferred showed con-
siderable strength. but the Inactivity Of
the other Mexican issues indicated that
the strength was for a reason special to
this Issue and not affecting other Mexl.
can stocks. From this It was easy TO
infer that the prospect OF gold basis was
still somewhat distant&
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-05-10

st. Louis and San francisco Fs.... 96h
St, Louis Southwestern ist's......... 1891
ST. Louis Southwestern 2dS......:...' u
San Antonio and Arkansas Pass As. S0 9is
Southern Pacific Observation-Disclosures. 9oN
Southern Railway 5's.................. 1863
Texas and Pacific lists. ......... lls
Toledo, st. l.. and Western 4s...... o.
Union Pacific 4B....................... lo 25s
Union Pacific cow 4s................. wy
W Wabash l 81 ...:....: l 115H
Wabash Deb. BIS 74&
west Shore As Observation-Disclosures 10Ea
Wheeling and Lake Erie 4s.......... 92B
Wisconsin Centrall4's .................. 91A
Continental Tobacco 4s ,.,....... g.
Colorado Fuel SIS ..,.................. S3N
Rock Island As ................... S4A
Pennsylvani ACKNOWLEDGEMENTS. 96h
M. and O., collateral trust 4's,........ 94&
Central of Georgia. I'd 1nc........... 81
Va Carolina Chemical CO. com...... 62%
va.-Carolina Chemical Co. pfd....... III
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-05-10

BALTIMORE, MD, May 9.-FLoUR---
Dull and unchanged. Wheat-Dull; spot
and the month, 79A@79He;i southernn, y by
5Oa5oIsc.; Southern white, 46@52c. Oats
Dull; No. . white, 4O@40hc Rye--Euiet;
No, &. bGi&d57c. Butter, Eggs, and Cheese
and lower; coarse granulated, s5o1A; fine.
81 OLE. Eli .---- - -
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-05-10
RICHMOND GRAIN MARKET.
Richmond. May 8. 1903
QUOTATIONS
CATTLE MARKET.

CHICAGO, ILL. May 9,--!cATTLE-
Western nominal Good 70 prime steers *,
stockers and feeders. s30l475, COWS. 81 .50@
AGO; heifers. $4,000; Gamers, M.5o92.lo;
bulls, s25O@450; calves. s2.6oq6; Texas-fed
CONTINUED on Eleventh page.>
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-05-10

NEW YORK CENTRAL:
The special weakness in New York Cen,
trail was probably due to the. expected
new financing, and 1t is pointed out that
the stock on five per cent. OASIS ls
Pennsylvania on per cent. basis. while
the latter has its new financing In good
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-05-10

THE FIRST HOUR:
The traders hammered&t the market In
the tirst hour and succeeAd In effecting
fair recession In number Of issues.
There was nothing much w Offset this,
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-05-10
The leading futures ranged as follows;

Cash QuotntIOhs were as IullUWs' y oln uuI
$40; spring patents. ss.35dla,eo; straights.
$3.lod34o; bakers, s2.3og2S0 No; 2 spring
| wheat, 70d79kc.; No. 3, a79G79c;; No 2 red,
44c. No. 2 oats, 35ssQ3s1kc.; No, white.
37hc.; No 8 white, 33d85c. No Frye. ooc.
Good feeding barley. 3794Oc.; fair to
Sill; No. ! northwestern sl.16; prime
Timothy seed. $3459s.5O. Mess pork per
barrel, sl7.50dl7,62; lard, per, 100 pounds
$s.90aS95; short ribs sides Qoose) Gi5eg
$50; short clear sides (boxedl. 1915. Wills
key basis Of high wines, Sl,3o Clover.
contract grade. $3.50. Butter-tlrm;
Eggs-Firm at mark, cases included, l4A0
14Mc, heese-Steady at l3gl315c.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-05-10

The he early decline in the Changers and
Paclncs.. and particularly Union Pac1ie,
to the operation Of traders and did not
bring out any long stock worth mention
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-05-10
THE CLOSE

The street frankly considered the bank
statement a bad one, but there seemed
Just enough covering Of shorts 81, by the N
in the day, to Offset a little scattering
realizing. From the loan crowd 1t was
evident that there was not much account
alfhnr
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-05-10

The total sales of stocyas heh1 heheht
The total sales Of stocks for the day
were 1S9,4O0 shares.
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-10-26
By AUTHORITY.
sHERIFFs SALE NOTICE.

Under and by virtue of two certain
Executions issued by Lyle A. Dickey.
District Magistrate of Honolulu. Island
of Oahu, Territory of Hawaii, one in
the matter of o. n. Clark, doing bust
ness as the California Fruit Market,
VS.. Sing Wo. doing business as Sang
Wo Tai, issued on the 18th day of Oct,
1908, and the other in the matter of The
Won Hamm Young Co., Ltd, VS.. Sang
Wo, doing business as Sang Wo Tai or
sang Wo Co., issued on the 14th day of
october, 1903, did, first, at said Homo
lulu, on the 18th day of October, A. d.
1903, in the said matter of O. n. Clark.
doing business as the California Fruit
Market VS.. Sing Wo, doing business as
Sang We Tai, and second. at said Ho-
nolulu, on the 14th day of October, \.
d. 1908, in the said matter of The Won
Hamm-Young Co., Ltd, VS.. Sang Wo,
doing business as Sang Wo Tai or Sang
Wo Co, levy upon, and shall offer for
sale and sell at public auction, to the
highest bidder, at the Police Station,
Kalakaua Hale, in said Honolulu, at Il
o'clock noon of Friday, the 9th day of
November, A. D. 1903, all the right,
title and interest of the said Sing Wo,
doing business as Sang Wo Tai, and said
Sang Wo, doing business as Sang Wo
Tai or Sang Wo Co., defendant in each
of said cases being the same PERSON., in
and to the following described personal
property, unless the sum of s2S.72, being
the amount of the first herein mention
ed execution, and the sum of $26457,
being the amount the second herein
mentioned execution, together with in
terest, costs, and my fees and expenses
are previously paid:
Provisions. tobacco, pipes, brooms,
brushes, scales, counter, show cases,
fruit stand, ice box, Alpine safe, tobacco
cutter, wheelbarrow, chairs, etc, etc.
CHAS. F. CHILLINGWoRTH.
Deputy Sheriff, Territory of Hawaii.
Honolulu, Oahu, October oath, A. D.
1903. $500
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-10-26
JUDGE KALUA IS
NOW DOING BETTER

While the News had just occasion in
the past TO severely condemn gross
improprieties in the official conduct of
Hon. John W. Kalua, yet this paper is
equally ready to praise where COM
mendation is deserved. Consequently
il is with no little degree of satisfac-
ton that the News notes that for some
time past Judge Kalua has apparent
~ been endeavoring to perform the
high duties Of his office with an honest
intention to administer justice proper
ly and to square his private life with
his public acts. The News recognizes
the principle that when any official per-
forms his duties accepta bly, to the COM
munity which he serves. it is only his
due 10 receive appreciation from the
community, if for no other reason than
the encouragement it gives to continued
effort to retain the good opinion of his
fellow-citfzens Judge Kalua is one Of
the brightest and ablest of our Ha-
waiians, and as it was in sorrow rath-
er than in anger that the News con-
denned his official shortcomings. con-
sequently it is with equal pleasure that
the News testifies to the acceptable Of
fetal record which Judge Kalua is now
making for himsef.-Maui News.