davidaulloa/AmericanStories huggingface dataset:
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-05-14

Dewey sausage, SIC; weiners. Sc: coney
island frankfurters, 10c; bologna. Sc; pork
sausage, bulk, 10-lb cartoons Sc; pork
sausage. link, 1o-lb cartoons, Sc; liver
sausage. round, sc; liver sausage, long, sc;
head cheese. &C.
Dried Beef-Sets. lie; insides, 13c;
Itnuckles. 12c; outsides 1oc-
Fresh Pork-Dressed nogs. heads OF.
sl4c; dressed hogs, heads on. &c; fresh
shoulders. sac; fresh shoulders, skinned,
&c; fresh hams I1i5c; fresh hams. skinned,
izc; fresh daisies, lee: pork loins. lie;
tenderloins, 15c; fat backs, skin on, 91zc;
raw leaf lard, Ice; spare ribs, &c; hogs
tongues. loc; hogs brains. I0-lb. boxes. Sci
pigs feet, cleaned. sc; pigs feet. unclaimed,
&c; hogs, ears. cleaned, &c; hogs ears. not
Cleaned. &c; hogs livers. each. sc: hogy
hoeks. SIC; pigs tails. SIC; gatherings.
&c; hogs heads. cleaned, SIC; neck bones.
&c; back bones, &c.
Side Meats, Dry Salt-D. S. short clears,
lec; j. S. standard short clears, 1o14c;
D. 5. standard backs, 1913, 1oAc; D. 5.
standard backs. 20-24. 10c; .. s. fat
backs, ss<c; D. S. clear bellies, PA 112lc;
D. S. clear bellies. 1916. 111zc; D. s. clear
bellies. 1918 u14c; D. S. clear bellies.
% and up, 1OS4c; d. S. fosters, 9S.c; s.
P. butcher backs, HE
Side Meats. Smoked-Bacon. extra short
clears, lie; bacon. standard short clears.
Ike; bacon, standard backs, 1918, He;
bacon, standard backs. 1924 l1Ac; bacon,
fat backs, 10Ac: English bacon bellies,
l2-l4, l2%4o; English bacon bellies, l4--t.
l21zc; bacon. clear, bellies. 1918, l2Ac;
bacon. cellar. bellies, % and up, n$.c;
bacon fosters, 10l+c.
Sugar Cured Meats-Hams-Wes tpnalia
brand. 1912 ID. average. l2Izc: l2-i4 ID. ay-
erage. 13%c; 14-l6 H. average. l3Ac; 1918
10. average, l3c; 1920 ID. average. 13c:
lE-gH fhE
and over, l4c
Breakfast Bacoll-WeStphalia bpand, s.
10 ID. average. 15lzc: 1912 ID. average. 15c;
strips, 4-6 Id average. 15lzc; acd 14c per ID.
for fancy wrapping.
Bacon Bcllies-Fancy sweet picked
English bacon bellies. 12-14 lbs. 13c; under
Y lbs. i3lkc; California (picnics) 934c; bone
bone, no fa), I012c; j. /. c. bacon good
stun, 10c; S. P. butcher backs good
slicers), PFC, add &c Id. for fancy wrap
ping.
Fancy Bacon-Dold's fancy Niagara
breakfast bacon. 17c; Dolds fancy Mag
ara hams. 12-14 lbs, 141zc.
Fresh Beef and Mutton-Cows and heif-
ers, 694Q7c; fore quarters. Hsq5c; hind
quarters, 9a91zc; steers, 7G7kc; fore
quarters, 51aa614c; hind quarters. 9lzg
lo14c; beef ioins No. l. 13c; No 2, lie; No
g. &c; beef ribs. no. !, 12c; No. 2 10c; No.
3, Sc; chucks and plates, &c; tanks. 315c;
round and rump, 7G712c; suet. SC; beef liv-
ers, &c; Beef hearts. SC; beef tongues, Toe;
beef brains, cleaned, &c; sweet breads. &c;
OK tails. 2Iac: mutton, 10c; lambs, lie.
Picked Preducts-Pigs' feet barrel,
$3.50; half barrel. 80 lbs. net, 81 SO; fourth
barrel, SLIGO: eighth barrel, soc; kits, 10
h., zoe; regular tripe, half barrel. s.. 40;
fourth, LIS. eighth. soc; kits. Is h., 6ec;
honey comb tripe, eighth barrel, lbs:
kits. Is lbs S1.1o; spiced pigs tongues,
fourth barrel. s5.75; eighth 500; kits. Is
lbs, 2.25; hogs shouts. and ears. halt
barrel, 5000; quarter. Sc %: eighth. 81. So.
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-05-14
PRICES
EASIER
Small Trade in Wheat and on
Local Account
PROVISIONS IN DEMAND
Strength inHogs Had Strength
ening influence

Chicago, May 13.-Today's trading on
the board of trade was a repetition Of
yesterdays dizziness and prices were cas-
Ter. July wheat closing 1sc lower, July
corn shade nwer and oats off 14c. Sep
TENDER provisions closed from PIC lower
to 21kc higher.
There was only a small trade in wheat
and the greater part of it was for local
account. Opening prices were steady, on
firm cables and small receipts, July being
a shade higher, at 7214c. The market held
firm early in the day, July advancing
TO 724QI24sc, but the extreme dullneSs
and a little commission house selling
caused a reaction, July selling down TO
717sQ72c. An Improvement in the cash
demand, together with rather buIlish crop
advices, caused q frmer tone late in the
day, the close being steady, with July
isc lower, at 72g721sc. Clearances of
wheat and flour were equal to 27S, 800 bush
els. Primary receipts were 215,5e0 bush
els, against 24S1G0 bushels a year ago.
Minneapolis and Duluth reported receipts
Of 81 cars, which, with local receipts OF
- cars-none of contract grade-made
total receipts for the three points of 30
cars, against 119 cars last week and 146
cars year ago.
Corn ruled firm. with the backwardness
of the planting season the principal bull
factor. Offerings were light, with the ex-
ception of late in the day, when some
early buyers took profits and caused
slight decline in prices Prominent pro-
vision interests supported the market and
they had plenty of followers July closed
shade higher at 451sQ4514c. after sell
ing between 451sQ4o2sc. Local receipts
were 17S cars. II of contract grade.
Oats were fairly active and strong,
with September in escpeailly good de-
mand. UnfaVorable crop reports a fair
cash demand, together with small re-
ceipts, contributed to the bullish senti-
ment Some of the early strength was
lost on selling by longs. the close being
about steady, with July off 14c, at S29sc,
after ranging between 329sQS24c. Local
receipts were IS cars.
Provisions were in good demand early
in the day. both by brokers and shorts,
with good buying of lard by English
houses The strength in the hog mar
ket had STRENGTHENING influence at the
start, but the market weakened later ON
realizing and the close was steady. Sep
TENDER pork closed unchanged at 1867
September lard was off 21zc, at SS.971s,
and ribs up 212c. at $9221a.
Estimated receipts for tomorrow:
Wheat, So cars: corn, 235 cars; oats. rs
cars; hogs, 21O00 head.
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-05-14
MORE eu5oHIc PLAGUE.
caIIcs, Peru, Has . Plenty Ct tire Dis
ease a. Present

Panama Nay l2-Aooordiuz so 30
vate ozbisgrsn received here To-Day from
CsIIao. Peru there acre aFs casss .
blsbcasc plagur tasre on SATURDAY. EsTer
rex eases ca SIn4ay add SIX neT eases
CT sfozsay- The ba@Fd q hsslfh - Pan
ana has tscitei - psTsali ths Tzssszssra
on TIE steamship PaisE. d. ksFe frca
Calzo. 4 dlsezbzTk 81 an issizsei Desrs.
prchahly On he lslsnd q I-aboEz- T1s
rzsss=.@erz ard theiT tsEzsEe 81 ~ dis
infested ard thsy -la - he'd n suzrza-
tfrs fer zen days MAJ ca TIE P4lex
Mi b landed here after being fzzlsztsd
Pspsrs ~iI Thea b. gssez % the stszz.e-
80 thzx sAe S~4n leave porL
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-05-14
OTHER LIVESTOCK MARKETS.
CHICAGO,

chicago
| Chicago, May 13.-Cattle-Receipts, 49,
Ooe Market steady to lower Good to
prime steers. $5.1Oei5.5O; poor to medium,
S400st5.00; stockers and feeders. So. 0OG14. 50;
| cows, $1.604475; heifers, $2.50d5O0; can
| nerss $1.6Od2.S9; bulls, s.. 5Oa4. so; calves,
$2.Soq6oO; Texas fed steers, s425d4SO.
Hogs-Receipts today, $4,000; tomorrow,
| estimated, 10000; left over, 1900. Choice
strong to &c higher; others steady, closed
easy. Mixed and butchers. $6.35q6 50;
good t. choice heavy, S6.70d6.S5; rough
heavy, s6.4GG6.65 light, s6-25q6.50; bulk of
sales. S6.50I6.65.
Sheep-Receipts, $4,000 Sheep steady to
1Oc lower; lambs steady TO 10c lower.
Good to choice wethers, $5.00d5.50; fair
to choice mived, $3.75d475; western sheep.
S4.75g5.50; native lambs, S4.50Q71 west
ern lambs, $45eQ7.10i Colorados, s7.O0Q7 60.
Official yesterday: Receipts-Cattle,
6,17O; hogs. Il, o65; sheep, 1S, 636. Shipments
Cattle, 2195; hogs, 1850; sheep, 1856.
Kansas City.
Kansas City, May 13.-Cattle-Receipts
500 natives, $50 Texans; calves, 100, most
ly natives. Beeves 5d10c lower; cows,
stOckers and feeders and quarantine
steady. Choice export and dressed beef
steers, $450a5.25; fair to good, S350q4.5O
stockers and feeders, $3.0Cd475; Texas and
Inditn steers. S3.00745O; Texas cows, S26O
steers, 81. 90Gp5.O0; native heifers. SS00d4.S so;
Gamers, S1.50q2.60; bulls. $3.00@4o0; calves.
s.. 50td7. 90.
Hogs-Receipts, 1900 Market steady to
sc lower. Top, S6.55; bulk of sales, $3.50
G65O; heavy, Sc 4Oq6.55; mixed packers,
$6.25d6. Az; light, s6.15G6.50; workers.,
S. 27l4d6.SO; pigs, $425G6.O5.
Sheep-Receipts. 1000. Market 10d15c
lower; slow Native lambs, s425q760;
western lambs, S4.0alT. 40; fed ewes. SS75
also; native wethers, S4.00d5S5; western
wethers. SL09d60o; stockers and feeders,
s. 50d440
st. Louis. May 13,-Cattle-Receipts
$500, including 5000 Texans. Market
steady. Beef steers, Si.20q5.25; stockers
and feeders. $S.25G435; cows and heifers,
81. 80; Texas steers. s.. 4oG4.45; cows
and heifers. $2.25gS50.
Hogs-Receipts. 5000. Market 5d10q
lower Pigs and lights, $el5Qs.3O; pack
ers. s6.2oG6.50; butchers and best heavy.
Sc. 40q6.5O.
sheep-Receipts, 1900. Market steady.
Natives, $415d5.15; lambs. S5.eegl.S5; Tex
ans, $3.75Q4.S0.
ST. Joseph.
st. Joseph, Mo. May 13.-Cattle-Re-
ceipts, 1890. Market opened steady;
closed mostly 10c lower. Natives, s4S5zl
sos; COWS and heifers. 81 25G5.00; stock
ers and feeders, $S.50a5.o
Hogs-Receipts, 6.l0O. Light and light
mixed, S637lzG6. III; medium and heavy,
Sc. 42l 1850; bulk, S. 4td6.5o; pigs, S5-5e9
sheep-Receipts, 4,3oO Market active.
steady to strong Top Colorado lambs,
$40: top native ewes, $3.50; grass Texas
sheep, SAC
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-05-14
HOG MARKET
WAS STEADY
Buyers Took all the-Hogs Of
fered
TOP PRICE WAS 1928
Cattle Market Was Steady
With Light Receipts

After so many days OF declining prices,
the hog market became steady yesterday
and some of the buyers claimed that some
sales were 212 cents higher The top price
was $6.25. but the hogs tbat sold for that
figure were just little bit better than
anything sold the previous day. The tops
were well finished and pretty even. They
were, if anything. little cheaper to the
packer than some other car load lots
that brought l255 and 10 cents less. Dold.
Cudahy and Armour had orders for hogs
and there was not hog in the pens IN
sold when the market closed. The re-
ceipts were 1861, OF which Dold bought
AS, Cudahy Al and Armour I4s.
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-05-14
New York prnducr.

New York, May -Butter-Receipts,
{. 509 packages. Market firm. State dairy,
l7a2lc; extra creamery, lie; common to
choice creamery. ISaZlIzc.
Cheese-Re Receipts. $3.50 packages. Mar
ket steady 10 firm. State full cream,
fancy small, colored and white old $50
l5c: large. colcred and white, old l3Gli3sc;
small. colored. 12c; small white, new Hc;
large colored, new uS4c; large, white
neS. 1lS.c-
Eggs-Receipts q 7SG packages Market
weak. State aud Pennsylvania, 17c; west
ern storage packed, 16S4 gI1c; western
firsts, l6816isc.
Sugar-Raw. firm: Fair refining. Size;
centrifugal. % test 5 u-l6c; molasses SUI
gar, Sc. Refined. steady: Crushed, SAC;
powdered Sc yranulated. 4S0c.
Coaee-Quiet. No Rio. 5'sc.
AIolssses-Firm New Orleans, slG4ec-
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-05-14
SHIPPERS AND NOTES.

Shippers who had hogs on the market
yesterday were:
C. Wilson Of Lamont, o. T., two car
loads.
F. B. StaIey of Rose Hill, one car load.
7. n. Woodman OF Kechi, one car load.
c. E. High of Derby, one car load
O. B. Kidney of Hennessey, o. T., one
car load.
E. w Johnston of Pond Creek, o. T,
one car load.
v. n. NOEL of Jefferson, o. T., one
car load.
Joe Scott of Medford, o. T., one car
load.
Hugh Johnson of Branan, o. T., one
car load.
w II Donnell of Haven, o. I. Heitt
in charge, one car load
L. W. Scott of Maize. one car load.
B. N. Gilbert of Lahoma, o. T., one
car load.
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-05-14
American League.

WASHINGTON, 3; ST. LOUIS. O.
st. Louis, May 13.-Orth shut out st.
Louis in the third game of the series to-
day. The Washington twirlers had the
St Louis team from start 10 finish. Score:
St. Louis .........OOOGO 000O-0 0
Washington ........OO I01O 90 l. II l
Batteries: Powell and hahoe; Orth and
Clark.
CLEVELAND, 2; BOSTON, !.
Cleveland. May 13.-Jooss had the bet
ter of pitchers battle today. La Joie
received notice of indefinite suspension
before the game. Score; II Z
Cleveland ..........eOIO 00001-2 l
Boston ..............00 0000O0-I l
Batteries: Joss and Abbott; Young and
Criger.
DETROIT. Z; NEW YORK, l.
Detroit, May l3.-Wild Bill Douoyan's
mastery pitching proved the undoing OF
was the grandest ever seen here. Attend
ance, i.200. Score: Ri <
Detroit ............0 3 o o. - IA 0
New York ..........1 o o 600 o. 2
Batteries: Donovan and Buelow; Vutz
and Beville-
PHILADELPHIA, 6; CHICAGO. @
Chicago. May l3.-Three hits and their
first shut-out OF the season IS what
Pitcher Plank dealt the locals today. The
champions hit safely in every Inning and
earned three OF their runs. Attendance.
1900. Score: RH d
Chicago ...........0 0 0o 10000 90 3 2
Philadelphia COCOON -61f
Batteries: FIaherty and Sullivan;
Plank and Powers
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-05-14
DRY GOODS MARKET.

New York May I2.-Pricss in dry goods
have been unchanged, but buyers. as
rule. are acting conservatively and seem
TO be anxious 10 determine the outcome
of the present furry in the raw cotton
market. More buyers are in town and
there is more inquiry regarding the fut-
ure. but the orders are more or less re-
stricted
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-05-14
Rusiness surrrnc@d-

Santiago. Cuha, MAJ l1-ozing % =
great strike OF deck labsrers AZ yalps-
raise al business has beer suspended
there RioioUs strikers have desf-oysa
street cars ard have committed Other ex-
cess@s: several persons have been kili@d
sza great excitement Er1yz1l&
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-05-14
COTTON MARKET.

New York. May is-Cotton-SEot closed
quiet. Is points higher. Niddiing uplants
Il sc: uniddling gulf. u-s9c- Sales. 1.sao
bales
Galveston. Tex. Nay D-C0tten-
Steady. sss4c.
Liverpool. Nay 7-Cotton-spst. Eocd
business done: prices 5 paints hlsher
American -niddiins. 81
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-05-14
American Association.
Colleoe Gamea

At New Havsn-Tals. s; University q
West Virginia. /
At Cambridge. Aass-HarvaTd. =. Cor
nzu &
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-05-14
Butter-Creamery. 1sa1sc; fancy dairy
Eggs-Fresh, 121zc.
Receipts of wheat, 40 cars

15c
Eggs-Fresh, 121zc.
Receipts of wheat, 40 cars
ST. Louis.
st. Louis. May l3.-Close: Wheat
Strong. No. red. cash. elevator, nom-
inal; track. 741s675c; May, 73i5c; July,
6S14 d6Sssc; September. 67Ac; No. hard,
71d74zc.
Corn-Higher. No. 2. cash, lic nominal;
track, 451sQ4sc; May. 44c; July, 424c;
September, 4lS4c.
Oats-Higher. No. 2, cash, 3313c, NOM
inal; track, &c; July, 21Ac; September,
DC; No white, Csc.
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-05-14
Cattle
Cattle Sales.

Cattle receipts yesterday were not suf-
acient to interest buyers, but the few
offerings sold at about steady prices.
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-05-14
CASH QUOTATIONS.

N<AcIl NSOOIA lIOANC.
Cash quotations were as follows:
Flour-Quiet and steady.
Wheat-No. 2 spring. 7SlEQ7sI2c; No. g.,
T2d1sc; No. red, 7SqSs4c.
Corn-No. 2, 45c; No. , yellow, 47c.
Oats-No. 2, 3514c; No. 3 white. 35q37c.
Rye-No. 2, Soc
Barley-Good feeding. SS9lc; fair to
choice mailing, 49q56c.
Flax Seed-No. l, s1.11; No. l north
western, Sis.
Timothy Seed-Prime, S3.45G3.50.
Provisions-Mess pork, per Dbl, s1737ia
Ql7.50; lard, per 100 lbs, SS.S5qS.95 short
ribs sides 0oose), s.. 29G9.30: dry sailed
shoulders Cboxed). S. s31aaS. 50; short clear
sides Cboxed). 50 621zQ975.
Whisky Of high wines. $3.50.
Clover-Contract grade $3.50.
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-05-14

Ol tLe FIouuNt A-ACIaIISt tJIdy pIIces
closed as follows;
Butter-Firm. Creameries, 1692l5Ec; dali
ries. 14lz61Sc.
Eggs-Steady at mark, cases included,
141aG1l%sc.
Cheese-Weak. 139l3Lc to 15lac.
Kansas City.
Kansas City, May 13.-ClOse: Wheat
May. 65ssc; July, 627sG62izc; cash. No.
hard 6SGeS1zc; No. hard. e5izG6ec; No.
hard. 61G6sc; rejected hard. 5SG6oc: No.
. red. 69G69isc; No. 5 red. 66ds7c
Comma. illzc; July. ssisc; cash. No.
? mixed, EIz4+2c; No , white. 42is6
exc; No. white ilikdElzc.
Oats-No. 2 white, S54Ssc; No. = mixed.
SAC
Rye-No. 2, 45lze.
Hay-Choice timothy. 81. 1880; choice
prairie, $le00.
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-05-14
DETROIT. Z; NEW YORK. /
Western LEAGUE.

COLO. SPRINGS, 4. KANSAS CITY. J.
Colorado Springs, Colo. May ID
Francks three-bagger in the last half
Of the ninth won FOR Colorado Springs
today kansas city played poor feld-
ing game Score: RI Z
Kansas City ........0 0 ! o o Ia c
Colorado Springs. 000I2001-s 0
Batteries. Nichols and Mcssitt; Jones
and Doran.
The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-05-14
MILWAUKEE. OMAHA. Q.


Omaha MAY 13-Mi.t0n. the National
League pitcher recently signed By Nan
sger RouTke. made his nTst appearance
on the sla Dtoday and besides being found
for twelve hits BY the visitors. was very
wild. Score. Ri z
Milwaukee ..........I 0s1B3021-sI /
Omaha ..............0 00eeo0-G ;
Batteries: swornsted and Lucia. MI
ton and Thomas
DENVER. 2: ST. JOSEPH. O.
Denver. May Iz.-The locals shut out
the St Josephs today. Score: Ri z
Denver .........-...e00 4O0I2'- 81
81 Joseph .-------.-e 9 Q Q o. 0 5
Batteries: Whiuidge and Schlei. Dishi
and Garland
DIES NOISES-PEOgIA
Des Noines. Afsy i3.-Des AoInes-Pe0T
game postponed. rain
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-10-11

character and good scholarship and ability
on the athletic field 1t. of course. fire.
quentIy happens that very eligible
freshman is invited to join several frater-
mites. and then begins very exciting con-
test in the matter of entertainment, which
keeps the freshman in clover until he
makes up his mind and accepts one of the
invitations. Then the others drop him like
a hot potato and even the members with
whom he has cast his lot, partly resentful
of the trouble his capture has given them
and partly in fear that his conceit has
been encouraged by the honors paid him,
are not slow in giving him to understand
that he lis not so many"
The initiation is merely formality.
From the time the freshman pledges him
self to join he is to all intents and purposes
a member of the fraternity family-and 1t
is a distinctly family life. The members
live together. either in a chapter house of
their own or in some boarding house.
known as the headquarters of this par
ticular fraternity. The upper classn1en take
the freshmen in hand and are really much
more watchful of their appearance, their
conduct and their work than would be an
older brother or sister at home. 1t is a
matter of fraternity pride to develop the
best there is In every member, and some
OF them are remarkably successful In
civilizing a gawky country boy. in firing
the ambition Of potential athlete and In
squirting all their members to the best pos
sible efforts in scholarship. The prejudice
against the college fraternity as such
among faculties died out long ago. There
are still some worthless fraternities that
manage to exist in some of the colleges,
but they are comparatively few and their
influence is small. Taken by and large, the
Greek-letter society has come to be one
of the most valuable, as 1t has always been
one of the most interesting incidents of
American college life.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-10-11

great bulk of the furnacemen. members of
the Eastern, Central. Western and South
ern pig iron associations. have decided that
they can maintain prices by curtailing pro-
duetion, and have therefore pledged them
selves to reduce their output 25 per cent.
for the last quarter OF the year. This
means throwing a considerable number of
men out of work, and thus curtailing the
purchasing power of several thousand peo-
pie; and thus the thing is started like a
row OF bricks.
In time this process of shutting down and
discharging men has the effect of reducing
wages and starting things up again, but
it is a long and very painful and wasteful
process. Labor loses it's time and capital
loses the interest on its investment during
all the time of idleness. Just as work Gre
ates more work, so does a change to idle
ness create more idleness and loss for both
capital and labor. A more intelligent way
to do, particularly where the product is a
staple and imperishable one, like pig iron,
would be to continue to create wealth, with
reduced earnings for both labor and capital.
until the uneasy clouds could roll by and
renewed confidence could create a renewed
demand
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1903-10-11
cURTArLING Production.

We of America, with all our boosted in
dustrial intelligence. are yet very. very far
from economic perfection. Just now there
is something of a lul in the iron market
Just how it started is not so much matter
of Importance, though 1t is interesting to
note that during the high tide the most
important financial institutions of New
York became overloaded with 'undigested"
securities of new fotations, hypotheeated
by promoters and spectators. and began to
shut down on underwriting operations in
discriminatory last spring. This in turn in
terrupted many legitimate plans of i'm
provements and contemplated purchases of
new equipment by railroads, and this, in
turn, started dullness in steel Buyers
began to wait for a drop in prices. The
first drop caused more waiting. and thus
II goes.
Much more interesting are the methods
adopted TO meet the situation. United
a blare OF trumpets, that ii is getting ready
to invade foreign markets. thus giving for
eign competitors the opportunity to antici-
pate the move. The intention is intelligent
and natural. but the announcement OF il is
stupid Three independent furnacemen. I'M
ploying some 800 men, have induced their
men to accept reduced wages. thus bringing
their manufacturing cost within a profit
margin and are going ahead on full time.
This Is the intelligent method of meeting
the reduced demand and prices. But the