davidaulloa/AmericanStories huggingface dataset:
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-11-29

added to the gain In cash. made the above
noted increase of 2,2l3.sa 8 in surplus re-
serve to S5.l25.290. Calculated upon the
basis of deposits. less those of s2S. so9. 100 Of
public funds, the surplus Is sla3A. 6o5.
which, It may be noted. leaves this item
only s3.191.G3G above the minimum of the
year. Specie. legal tenders and deposits
are at the west of the year. The reduc-
ton In loans last week was not %unexpect-
ed. for there wac more or less contraction
as the result of stock market liquidation.
and also because Of a desire by some of
the banks to augment their percentage of
reserve to deposits.
The gain in cash was smaller by 81. ssh 900
than that which was estimated Upon the
basis of the traceable movements of
accounted for by the fact that the i'm
ports of s.. $50. 300 gold shown in the esti-
mates were not made fully available. be-
cause Of Necessary delay in payments
therefore by the Assay Office, hence the
statement was made on rising averages for
cash. In this connection IT is noteworthy
that it has { shown during the fort
night the direct drain of money from the
banks to the West and South Is at an
end. and hereafter we may look for a re-
turn movement in some volume. especially
from the former section. Moreover. about
$4,000 gold is already in transit from
London. to arrive this week. and 81. 200, COO
more will be shipped hither on its arrival
the British capital from South Africa.
The bank statement showed a good bal
ance last week. the sum of the decrease In
loans. less the gain in cash being sl55. 300
below the reduction In total deposits. The
daily average of bank clearinss last week
$S.Oo0.OO In excess OF that of the
week Indicated augmented BUSH
ness. Circulation showed the small gain
Of s13. 400. and the public deposits were
S.6 higher than those of the previous
week: then they were at the lowest of the
year. Comparisons of the item of loans
show that four of the larger banks had a
net decrease of S .3CO.CO0. In the item of
five banks indicate a net gain of ST.
BOO. 900.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-11-29
WHEAT SLIGHTLY LOWER;
CORN VALUES DECLINE.
LOCAL MARKET FOR FU-
TURES is DULL.
Covering by Small Shorts Is OF
set by Bearish Market
News.

Speculative interest in grain was ex.
tremely light in yesterdays market. While
some of the shorts feared further manipu-
lation on the part of the bulls this feeling
was more than offset by the usual Satur-
day disposition to l%iquidate. Gables were
on the downturn and the movement to the
Northwestern receiving points was again
brisk. Local stocks were on the increase
and cash prices were practically I'M
changed.
May wheat opened unchanged and sold
at:
s2l.gs2Hs. s2isc, S2as2,ac. SEC, s2isc. S2as2,sc,
Corn trading was extremely light and
unimportant. After an early show of
strength the market followed wheat on
the down turn. Receipts were moderate,
but foreign May corn opened &c up. and
.%se. NaOisc. &c. as5.aec, $3.50, 39a.c.
Receipts of wheat at ST. Louis 64.soo bu.,
of which - cars local and II cars
through. against 69.SS3 bu., of which 1.O59
SKIS. and 50 cars local and l6 cars through,
In 1902.
Worlds shipments of wheat past week
estimated at about 10000. 900 bu.. of which
Europe will take some S.sO5.Op bu, De
crease looked for in quality of breadstuifs
on passage.
Exports of wheat and flour to Europe
the past week 3,S52,cC bu: against 2,yI4,-
coo bu.. a week ago and 4.isO.OOO bu.. in 1907.
Receipts CT wheat At primary points l.
S2S.O 600 bu.. against / 10000 bu.. in 1902, and
shipments $1,000 bu.. against C26;G0J bn;
Northwest received 6s@ cars. against 1872
cars. in 1902. Chicago received 23I.s5O bu.
and Kansas City 24,c0o bu. Clearances
$4,000 bu.
Receipts of corn at st. Louis. 4i.1C0 bu.,
of which IS cars local and 16 cars trough,
against IL, 995 bu,. of which 2.o3S SKIS. and
80 cars local and % cars through. in 1852.
Receipta of corn at primary points, 49,
coo bu.. against 5000 bu. in 1902. and ship
ments. AL 900 bu.. against $1,000 bu. Chi
cage received 2s9. eco bu. and Kansas City
5000 bu. Clearances, 373. coz bu.
Exports of corn TO Eurona the past
week. 1.53l. $50 bu.. against 1.392.Co1 bu. a
week ago end 255, 900 BIZ. In 1902.
Receipts of oats at st. Louis. $500 bu.,
of which 30 cars local and s cars through;
against 5000 bu.. of which 81 cars local
and 10 cars through. in 1902.
Rcceipts Of oats at primary points:
49i.C01 bu., against 41.GV bu. in le1a. and
shipments. 354.ca bu. against 56S,cG0 bu.
C1eararces, 1,o65 bu.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-11-29
SUMMARYOF LOUIS MARKETS

Yesterdays gran market was practically at a standstl for wheat and a tfe
easier for on he session was one OF the duNest of the year and there va 10 out
side inquiry for futures. In the wheat market covering by shorts was Offset by the
usual Saturday liquidation. Most of the news was favorable to the selling side. Re-
ports of damage TO 1.-THE, Argentine crop were not confirmed and the foreign situation
vas rather emoraized, with Liverpool London ant Paris on the downturn. The
to al Western points was a tife larger han OF the corresponding day
last week, but the general feeling was that the news was too coorles to justify *
tGive trading on either side. Eroomhan estimated that the worlds shipments Non
day woulda amount to 100000 II, of which 100000 bu will go to European ports. 1t
is said that about s2GAVN bu Of Argentine wheat will pc available for shipment
Corr vas almost at a standstnl. The weakness of wheat was an important factor
in working Il decline in thu May option. Though cables were lower. the market had
early support OIL light local receipts speculative nterest vas so light tmtv values
were on the ownturn at the close. Weather conditions were generally favorable.
May wheat opened unchanged ad closed &c of.
May con opened c II IN closed &c of
May oats closed co IF.
Receipts of produce were m@rate n prices of fruits m vegetables we're gen
cranys steady.
Local securities we're fany actve. NnssourtEdson bonds we're in best demand.
Yesterdays bank ckaings were SSHI9, balances $S2BL Discount rates we're
firm at H1 and per ent.
Spot coton was lie higher in the local market.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-11-29

The hull tip on Sugar and the bear To "A
Corn Products both ceme 1ue S4@T
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-11-29
MARCOkI SECURITIES

tnuuestionably the safest and most
promising investment before the public to-
day Ia the securities of the Marconi Wire
less Telegraph Company of America. No
invention has ever had such hearty in
Gorsement by the press and the commer-
cial world.
That It Is n proved commercial sue
ccsx is evidenced by the fact that at the
present time powerful stations have been
erected and are in active operation on
both sides Of the Atlantic; over 100 ocean
liners are equipped with It: It has been
adopted and contracts have been signed
for its exclusive use in the nRvfes of
the British and Italian Governments. The
United States Government has contracted
for the erection of five stations in Alaska.
1t is employed by Loyds. the greatest in
surance corporation in the world, carry
ing annually 1000. 600. 900 in risks. The
New York Herald uses it exclusively in
reporting its marine news, and the
Postal Telegraph Company. with its 2o.@o
offices. has contracted with the Marconi
Company to accept messages at any of its
offices for transmission to ships at sea.
No invention has ever shown such
widespread adoption in such important
fields in such a short space of time.
The Importance and value of the inven-
ton are attested by the fact that Mr..
NarcOnf vas awarded last month The
Nobel prise of $4,000 by the Swedish
Academy of Sciences. This is the Blue
Ribbon of the scientific world.
The directorate OF the company is COM
posed of leading bankers and fnanciers.
and THOMAS A. EDISON, GUGIIELNO
MARCONI and MICHAEL IDvORSISY
PIPIN, of Columbia. College. are the con-
sulting engineers
The policy OF the directory is conserva-
tive and the capitalization of the company
exceedingly moderate.
4 limited allotment of the Marconi
securities Is offered for subscription.
The possibilities of the Marc0ni securi-
ties as q profitable Investment may be
Judged by the following:
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-11-29
GRAIN MARKETS EASIER
UNDER LIQUIDATION.
SITUATION IN THE WHEAT PIT
is MIXED.
Provisions Are Strong on Good
Demand From Shorts and Buy
+ for Foreign Account.

Chicago. Nov. 2s.-The grain markets
We're easier to-day. due to a tendency on
the part of longs to liquidate, and May
wheat closed a shade lower: May corn
was off sc. oats were down 1I1,c, but
PROVISIONS ruled strong. the Jan. products
closing from TIC to 1Ga12ikc higher.
WHEAT.
The wheat situation was rather mixed,
the Dec. delivery being strong. While the
There was selling by commission-houses
at the start. on lower Liverpool cables and
more favorable Argentine crop advices,
and while spring wheat receipts were light
winter wheat m the Southwest were
again liberal and offset the smaller re-
ceipts in the Northwest. May opened &c
TO &c owe at soc to 9ac but. with the
trmer. advancing to S0l5c. The market
held steady for a time on buying by st.
Louis houses and by the leading long.
Reports of large cash sales at Duluth for
shipment to Buffalo helped to steady
prices.
Toward the latter part of the session
there was realizing in May. and the early
gain was lost. the close being a shade
over at S0ls@s0i4c. Dec. ranged between
soc and SGs.c. closing at a gain of asc. at
sO9sc. C~learances of wheat and -four were
1881 100 bu.. against 10000 bu., a year
ago. Minneapolis. Duluth and Chicago re-
ported receipts of SIS cars, against $40
cars last week. and 1907 a year ago..
CORN.
Prospects of increasing receipts and an
Improvement in grading subjected the
corn market to considerable selling pres
sure, and as a result. prices tenued to-
ward a lower level. The market was quiet
and steady early in the day. but weakened
later with selling in Dec. the feature May
sold between 4l1Sn41Hsc and 42tsc. and
closed asc lower, at 4lasc. Dec. closed Ia
&c lower, at 41asc. Local receipts were
343 cars. with 81 of contract grade.
OATS
Oats were Influenced largely by the ac-
ton of other grains, and prices ruled
lower on local selling. After selling be-
tween 35Ac and 35A@35Bc. May closed 3sm
isc lower at 35Ad35sssc. Local receipts
PANcE OE Futures
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-11-29
STATEMENT OF BANK AVERAGES.
Loans and Deposits Both Show De.
crease for the Week,

New York, Nov. 2s.-The statement of
averages of the clearinghouse banks of
this city for the hve days of this week
shows:
Deposits. sS41 .552. 900: decrease. S.781. 400.
Circulation. SIS. 03G. 800: increase. $13, 400.
Legal tenders, s64.22,O 600; increase. 81
4Sl. 200.
Specie. 49,: "a. 200: increase. SIP, 700.
Reserve. $685. l3. 200: increase. S768, 500.
Reserve required. SO, 3sS. 900: decrease, ST.
6i5. $50.
Surplus. Sc. l25. 200; increase. s2.213,9N.
EX-United States deposits, sis. 327, SIS; in
crease, 81, 214, eco.
The Financier this week says:
The most striking feature of the Off
cial statement of the New York Associated
banks last week and that which chiefly
attracted the attention was the impor-
tant increase of So. 213, $50 in surplus re-
serve.
This results from the gain of s7eS. 500 in
cash and the reduction of S5,781, 400 in de-
posit. through which the reserve require
ments diminished by $,A5,350. which sum,
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-11-29
W. e. co.,
BUILDING,
b ST. LOUIS, MO.

Farmers Bank Building. Pittsburg,
Pm.
loyal In.urnnce building. Chicago.
Ill.
Land Title and Trust Building,
Philadelphia. Pa.
Union Trust Building. Cincinnati,
Ohio.
"MarconI has already done n lifetime's
work. but he is going to do another. He
is a wonderful young man. l believe in
him thoroughly.
"ANDREW -CARNEGIE."
81 am a thorough believer in the Mar
conf system. THOMAS A. EDISON
New York World, 4, sos.
Whe the Bell Telephone stock was
first put upon the market twenty-five
years ago II went begging at S.W a share,
but S1.G then invested increased to more
than $1,000 and the profits of an original
investor of 500 are more than S20O,tU.
The scope of the wireless system Is
wider than that of the Bell elephon 1t
is not unreasonable to assume. therefore,
that great fortunes can be made by mod
erato investments in the Marconi securi-
ties. and that small investors will become
independently wealthy within a few years.
1t Is likely that certificates representing
s. will increase in value 30 or even 3N
fold"
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-11-29
LOCAL SECURITIES DULL
WITH NARROW RANGES.
LIGHTING ISSUES HAVE
FAIR SUPPORT.
Transit Is Easy and Other Stocks
Have Little Outside
Support.

Local securities were fairly active in
yesterdays market, but the trading was
scattered, and there was no feature. ex-
cept the brisk buying interest in Mis-
souri-Edison IS, which sold at SOS. rs, and
were wanted at hat figure at the close.
One 500 bond was taken at sS6. Transit
was easy at sl3. 62hs.
Central Coal and Coke common was
strong at $50. and National Candy first
preferred was easy at $3.50. Granite-Bi-
Metallic was on the downturn at 521Ac
and 5lLc
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-11-29
RANGE OF FUTURES.
Opening Highest. Lowest. Closing.
REcEIprs AND sHIPMENrs.
PROVISIONS.

Provisions We're strong on a good de-
mand from local shorts and foreigners.
An advance of from Sc to 10c in the price
Of hogs was an carry DUH factor. Oner-
advance was well maintained. Jan. pork
closed l0G121ac higher at SO. 25410S7la. Jan.
lard was 10c higher at s632N., while ribs
were up 7lsc at S.. Tl1.
Estimated receipts for Monday: Wheat.
l60 cars: corn. 225 cars; oats, 1856 cars;
hogs, 5000 head.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-11-29

Original Edison Electric Light stock sold
reached par.
Bell Telephone stock has paid 100000
on each 500 originally invested.
The stock of the British Narconi Com
pany is now selling al S.2.hO per
share on the London Stock Ex-
change on par value of $50. an in
crease of $40 per cent.
The price of the American Company will
he advanced shortly. We seriously nd
wise promp subscriptions. Prospec-
tus on application ard your, correspond
ence solicited. Make remittance payable
to US.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-11-29
wal. ssre<s GOSSIP:

TllH lIlEohSh = bhNh
ForeianEThere was very little done In Amer
icans in London to-day. In this market az
bitrage houses bought about 1000 shares
Canadian Pacifc-The weakness was due to
selling by houses with Montreal connections. Ie
was said to be beIated liquidation for account
~ Canadian spectators. and 1t was accom-
nanied by fresh gossip.
Industrial Bears-The Chicago party was
credited with treat success In the bear attack
NJ the indistrials. taking Up one stock after
another. encouraged by each successive decline,
To nroye how outsiders have been TAUGHT 70
play the short side Il was only necessary to
SOC the way in which the bear cliques found q
Following. The premiuul. which several spe.
cinItiea like Car and Foundry. Pressed Steel
and others commanded in the loan crowd.
showed how badly they were oversold. $40
suear-with the daily rise and fall Of pfos-
meets Of the Cuban reciprocity bill there were
corresponding Illustrations In the price ofethe
Sugar stock. The specialists said that Wash-
ington had a hand in Il. hut this was p.atisfb,e.
p,Ie.swork and not actual knowledge. At all
events It was evident that there was old-tine
manipult .ion in It such as had not been, seer
in x for months. There were rurnors about
insiders doing and saving certain things.
and S!hen Germ Product shares dropped there
was more gossip. ~
The hull tip on Sugar and the bear - a
~aru Dror3,t~fa. boAh cnnna tina -
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-11-29
STOCKS AND BONDS IN BOSTON.

Boston. Mass. Nov. %.-Closing quotations on
money. bonds. stocks and mining shares:
MONEY
Call loans 5isd6 per cent: time loans e9Sh
per cent.
BONDS.
The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-11-29

clearings s.. s41. l19: balances $751;, $50. Clearings
for the week were si0:914.2S,. compared with
Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-08-29

the witchery that has characterized his
labors in Wall street We've got to beat
ers when Futurity probabilities are dis
cussed.
This year his material consists of the
brown colt Delhi. son of Ben Brush out
of the mare Veva: Israelite. chestnut son
of Is.dOr-Starlight. Kohinoor, by Kingston
Royal Gem. and the Kingston filly Dove
cote. Delhi has demonstrated his right to
start in the Futurity by his victory in the
Hopeful Stakes at Saratoga. He has
beautiful way of going; his courage has
been tested and not found wanting, and
yet. according to the whisperings Of the
railbirds, It is not Delhi, but ISraelite, that
the shrewd trainer expects to see in front
this afternoon. TIL, 1sidor colt is maid en-.
and the public has yet to see him with
coiors up. but from Sheepshead Bay there
have come amazing tales of the way the
colt has been eating up the furlongs.
John E. Madden has been there or there
abouts in so many Futurities that his en-
tries always command following. His
bile material today consists of Adbell,
by Plaudit-Nahma; Gettysburg. a Ham
burg colt he bought recently from Michael
Murphy, and The Minute Man, by Juvenal
-Semper Paratus.
AS Plaudit has taken the place of Mirth-
full at Hamburg place it is, said that Mr..
Madden Is very keen to see Abdell win to-
day. The Kentucky dealer. by the way.
announced to his friends at Saratoga that
he was going to land this years Futurity.
Captain 8. s. Brown, in the Ben Brush
youngster Broomstick. has colt that has
several times been acclaimed the two-year
old of this year, only to have the title
withdrawn after number of defeats.
Broomstick has won a majority of the
rich stakes this year. including the Juvenile,
the Great American and the Expectation.
but when asked to give weight he has fail
ed. With 127 pounds he and Delhi take up
the maximum impost Captain Browns
jacket will also be carried by Audience, a
Sir Dixon FLY.
William C. Whitney has entered his roy
ally bred Mercury by Meddler-Tulla Black
burn. and Leonidas, by Hamburg-Boise.
The former colt has tremendous speed. but
is slow in getting away and still runs green.
The odds against the Whitney entry. which
last night were quoted at 10 to 1. would
seem to indicate that the students did not
hold the pair in high esteem. The full list
of probable starters. their owners jockeys
and weights follows
Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-08-29
GRAND CIRCUIT TROTS.
Pool Selling Prevented at the Readville
Track

Pool selling was stopped at the Readvile
races yesterday afternoon by the police Of
Dedham.
The driving of Cox was a feature Of yes
terday's racing He won both his races and
received applause after each for his excel
lent driving
Prince of Orange was an even money
favorite for the 2OS trot Dan. T. being the
hope OF the field buyers. Unfortunately for
them. Dan. T. made a break in the first
heat at the seven-eighths pole when clos
ing fast on the favorite, and again in the
second at the half. which ruined his chances
for the race, and Prince of Orange won by
a neck.
A big plunge was made on Frank Wilson
for the 2 Ii pace, even in face Of the fact
that Major c. had defeated him at Brigh-
ton Beach. In the initial heat Cox. with
Major c.. kept hard after Frank Wilson,
making him pace the heat in 2O6A in order
to win. This took lot of pace out of the
inbred Gambetta Wilkes gelding. as was
shown by his giving up in the home stretch
in the next two heats
Scott Hudson started Dillon Boy in the
PIG trot and engaged Ed Benyon to drive
for him. Dillon Boy won both heats. 1t
was his second win of the week
Another to win twice in the meeting was
AL Book. but he only had a good workout
to take the 10 pace.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-08-29

TO shifting from one league to the other
unless within ten days Of the time a player
Is released by club in one league he Is not
claimed by another club In the same league.
The question OF salaries was not touched
on at the Buffalo meeting. and is a matter
for each league to adjust when present
contracts expire.
When there is any dispute between a
major league club and a minor league club
over a player the method of settling it will
be this: If it Is between the American
League and a minor league it will be settled
by Hermann and myself. If 1t is between
the National League and a minor league,
Hermann and Johnson will decide it. Mr..
Hermann thus is referee in all such dis
puteS. while of the two other members of
the adjusting board the one whose league
is involved in the case for adjustment has
no voice in bringing in the verdict. OF
course. Mr.. Hermann is a National League
man. but he was acceptable to both sides.
and 1t was considered best to have a man
who was identified with base ball and would
take the time to study and help straighten
out disputes.
"A new point in connection with the
agreement is that when a player is drafted
from a minor league and does not make
good he is to be returned to the club from
which he was drafted free of cost to that
club
Evening star. [volume] (Washington, D.C.) 1854-1972, 1903-08-29
Queens Gambit Declined.

Notes by Mr. W. r. Mundelle.)
ta) Loses pawn PIP would have been better:
(b) This move loses a piece; Kt-K4 followed by
ORC. would have been better.
tcl R-QR would have been stronger at this point.
ld) kt-B6 looks equally strong.
(e) RxKt seems better.
(f) With piece and two pawns lost Marshall
succumbs to the Inevitable
The problem handed to sometime since by Mr..
iharp IL herewith reproduced because of error
White, ten pieees-K on QRs on ORR. RS on
K2 and Kkt5, BIS on QKt7 and ks, KITS on kits
and QKt3 P's on OF and KB5.
Black. i've pieccs-k K's4, 9S Kt on
Oh So. P's on .K's2 and Kt3.
White mates In two moves.
Key. R-R5 r...
=, The following twomSves was handed to by
prs,d by Gold-father and published In the ST.
lci'" ~. b. Globe
~ - pieces. on 9Rs, Q on oKt So, on
Ela. <. eight pieces-k on o. R-KR3 KITS
kkt3 and ORB, B-Kkt So, P's-QB2, OBJ and
Qs3.
White to play ana mate in two.
The special prizes offered by Baron AL
games ending in announced mates have at
last been awarded to j. Mieses for his game
against Albin. and G. MarocZy for his
games with Marshall and Albin These
games will be published in this column in
ahe near future.
The Rice gambit is undergoing a thor
ough test at Brighton, England. Dr. Las
ker and M. Tschisorin. the Russian mas
ter, are engaged in a contest of six games.
in which DR.. Lasler agrees to play the
White pieces in all the games. The score
OF the hrst three games has just come
to hand showing q via for each and
draw. The play of bo.h masters has been
exceptionally brilliant and all three games
are deserving of study, for which reason
they are herewith reproduced.