davidaulloa/AmericanStories huggingface dataset:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-09
WIDE RANGE IN COTTON
MARKET OPENED STRONG, THEN
BROKE, AND CLOSED STEADY.
Outside Selling Caused Decline OF
Prices Then Jumped Many Points.

NEW YORK, Feb. s.-while the serious news
from the far East had naturally a depressing
influence. the relative firmness at Liverpool
caused a somewhat 1rmer opening in the cotton
market here to-day. and first prices were llq
. points higher on the active months.
Following this there further advance,
carrying May up 70 1850 and July to L. i0c,
gain 3SG41 points. but toward the end
of the first half-hour there was tremendous
selling from outside sources. and the market in
less than ten minutes had broken nearly a full
cent from the best point Of the morning.
Around IL oclock the most sensational changes
of the season occurred. May which had sold
down to 10 5Oc jumped to - soc and broke to
bic. while July. which had been depressed to
13.5Oc, rallied to 13s2c and then broke to b. lsc
all inside of twenty minutes.
Around midday the market rallied March
had declined to 12.41c May to 13.O2c and July to
10 0Sc this being net loss from the best prices
of the morning from 119 to 1913 points. At this
level there was considerable covering, and by !
O'Clock the market had recovered to about last
Saturdays closing prices.
II reported that the advance was due
partly to anxiety to make the ! O'Clock or
margin price as favorable possible. Later
there another moderate down turn under
liquidation by buyers the early break. but
in the late trading there aggressive bull
net decline of sa35 points The days sales were
estimated bales
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-09
new interpretations
UNITED STATES POWDER COMPANY
INCORPORATED YESTERDAY.
Capital stock, S1OO,OOO-Another
Large Concern, Garden City Tab
let Company, Files Articles.

Capitalized at 100000. the United States
Powder Company filed articles of incor-
poration with the secretary OF state yes
terday. The company is located at Terre
Haute and will manufacture and sell gun
powder and other explosives. The board
of directors includes the following: ]. Free
man, NJ. L. Gould. ]. j. Higgins NJ. r.
Rood and a. q. Cummings.
Another large company which incorporat-
ed is the Garden City Tablet Company,
capitalized at 100000 to manufacture paper
tablets and stationery Henry f. Dayton,
Bertrand Hopper and George w. Frederick
are the directors of the company which
will have its main factory at Elkhart
To drill for oil. gas and other minerals,
the Remington oil Company Incorporated.
its capital stock being represented by $50
900. The directors are w. ID. Craig G. II.
Cook, James ~ Washburn, l.. A Bond,
Robert Parker and Nj. X. Armstrong.
Other companies which Incorporated are:
The Paoli Milling Company. 10 carry On a
general milling business and 10 build and
of flour and other grains. Capital stock
Sl2.Oc0. Directors: Amos Stout Ernest
Stout and j. j. Copeland.
The SeybOld Dry Goods Company, of
Logansport, with a capital stock of $50 900
TO conduct a general dry goods business.
Incorporat tors: George w. Seybold. j. Abner
Seybold and Oscar Nj. Seybold. of Logans-
port.
The Harbor Band and Orchestra. of In
diana Harbor. organized for social pur-
poses. Directors: r. l.. Smith, NJ. Z. Kill
patrick and William Calvin.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-09
STOCKS HOLD UP WELL
CONSIDERING THE FIRE AND WAX
OUTLOOK, MARKET WAS STRONG.
There Was N Rally the Last Hour
Chicago and Boston Fires Caused
stock Exchange Panics.

To corresponding date last year ~e''''"'e'
NEW YORK. Feb. s.-The stock market to-day
had to face the twofold effect of the great hre
in Baltimore and the breaking off of diplomatic
relations between Russia and Japan. either one
of which was sufficient to have justified & Sc
we're break in prices.
1t is true that the rupture between Russia ana
Japan has been expected and presumably dis
counted to some extent, is the won't of specu-
lative markets with good information on coming
events. But that the event was not Adequately
discounted was clearly enough demonstrated by
the deInoralized tone of state issues the Paris
Bourse, which Is the point upon which the effects
of Russian troubles would naturally converge
But our own market faced this double threat
with great apparent composure at the opening
the first decline falling to carry the level of
prices down TO the parity OF the London level
before our trading began. Support was evidently
put into the market Prices rallied and quiet
tone that seemed one of confidence was brought
about.
1t is doubtful whether this was effective in con-
vincing anybody that the slight splitting out Of
stocks at the opening measured the whole effect
upon the market of the Baltimore disaster. The
harm already accomplished sufficient to
mark the event as great national calamity and
there nothing doing in the early part of
the day TO indicate the ultimate limits OF the
damage.
1t was early perceived. however. that the di-
mansions of the disaster already exceeded those
Of any previous fire in history, with one
possible exceptlon-the Chicago fire.
When 1t is borne in mind that both the Chicago
fire and the Boston fire were occasions Of Stock
Exchange panics, the action of the present stock
market must be regarded good. The liquida-
ton, which an inevitable consequence Of A
wiping out of property value approaching the
cost of our war with Spain. caused declines
during the day in the principal active stocks OF
l to over points.
Tie rally of the last hour demonstrated that
short selling TO a considerable extent went hand
in hand with the liquidation and not backed
with sufficient confidence to leave contracts open
night.
The sharp relapse In prices failed. however, TO
attract any effective demand for stocks, leaving
the outlook still uncertain. Baltimore a. Ohio
was naturally special sufferer owing to local
causes. Pennsylvania was heavily sold all day.
with expressions of dissatisfaction over its heavy
borrowing. Union Pacific conspicuous suf-
ferer
Some of the days selling, both of stocks and
bonds. was attributed TO the account of the in
surance companies in preparation for the heavy
claims to be met. All other considerations disap-
peared before the two great factors, the fire and
the
Bonds were weak. Total sales at par value.
were So, 900. United States bonds unchanged
on call.
Sales and the range:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-09
AT NEW YORK.

NEW YORK. Feb s-Flour-Receipts 2s rs
brls; exports 1905 brls. The market was
quiet Rye flour firm Buckwheat flour firm
Corn meal steady. Rye steady. Barley dull
wheat-Receipts. 111700 bu. Spot irregular.
No. ? red SEC elevator: No. red. s7c f. o. b
ahoat; No. l northern Duluth. s104ss f. O. b
afoat: No. 1 hard Manitoba nominal f. o. b
afoat. options-May. 95A6se1sc. closed at
s5Sc; July. SS7sdsOl4c. closed at sslSc Septem-
Der, S2GssIsc. closed at SIC.
Corn-Receipts. 74175 bu. The SPOT market
was easy: No. .. 5sl4c elevator and 5s%c {. O. b.
ahoat; No. . yellow Sc; No white 5szc
ontions developed extreme weakness on heavy
Western selling: May, &d592.c. closed at 5Skc
Oats-Receipts. y. 900 blu. Spot easy: No .
4sc; standard white. 5O1sc; No. white. sic;
Hay quiet Hops firm. Hides firm. Leather
Beef steady Cut meats steady. Lard steady;
Western steamed, $3.50. Refined steady. Pork
steady.
yellow. 37Izassc Petroleum steady. Rosin
steady: strained common TO good s2s5T3
Turpentine steady at 6slzas7c. Rice steady
coffee-Spot Rio nominal; No. invoice, &c.
Mild steady.
Susar-Raw firm Refined steady
The market for coffee futures opened weak
CONTINUED ON PAGE II, COL. %
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-09

The LEGAL cash wheat market ruled steady yes
terday. The range:
red, 97i9c milling freight; No. red s4ihc
track; February, s712c; wagon &c ~
Corn dull; No. white, 44Ihc; No Whit.
44Ikc: No. white, 42Ac; No. white mixed
44IZc No white mixed. 44Izc; No Whit.
mixed 42c: No. yellow 44l5c: No. 2 veiloa'
441kc; No. yellow 42c; No. mixed 44I5c. NJ
3 mixed, 441zc; No. mixed 42c; ear nominsI
45c
oats dull: No white, nominal &c. No ,
white nominal, 411sc; No. mixed, nominal Ic.
No 3 mixed. nominal, 40iac. "
Hay steady; No. timothy, s11.25; No. t,no-
thy SO.
Inspections-Corn; No 3 white. s. cars No. 4
white. IL: Nc. white mixed, 2: No . vaIrou.
/: No. yellow, 8; No. yellow. 4; No mixed
4: No mixed, 10; no grade s: ear, mixed ;:
total 81 cars. Oats: No white 81 cars. NJ
mixed. 3; rejected, 2; total. cars. Hay No.
/ timothy, / 49,
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-09
Money Rates Abroad.

LONDoN.-Money, 2d2i4 per cent: discounts
27kdSls per cent Consols SIS. ds67s
PARIS.-Three per cent. rentes ssf 17isc for
the account Exchange on London, 25f lsiac for
checks
BERLIN:-Exchange on London. 20m 50ispf for
checks. Discount rates: Short bills per cent:
three months bills, 2la per cent.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-09
THE MONEY MARKET.
Rates on Loans and Exchange-CIear-
ings and Discounts.

NAPOLIS.-Commercial paper. per
cent: time loans. 5izd6 per cent.
NEW YORK.-Close: Money on call easy AZ
1a.I2 per cent; closing bid. 1s per cent. offeref
at per cent. Time loans hrmer; 50 days and 50
DAYS 4G4L per cent. six months 4iST4S. rer
cent Prime mercantile paper 4&65i. Der cent
Sterling exchange hrmer. with actual business
in bankers bills at 81. s. 0d4 S. 10 for demand
and at 81 So for 60-day bills. Posted rates 81 ~,
and 81 Sed4sei5. Commercial bills. 81 S2is
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-09
Mill wrecked with Dynamite.

LACROSSE, Wis, Feb. S--An explosion
I'm the mill OF John Scarbahn. OF Lewis val
lev. damaged the mill and injured two per-
sons. Scarbahn. who was near the ma
chinery, was struck by a stone and badly
bruised. Flcrian Yeager was severely in
jured. The only theory to account for the
explosion is that some person placed dyna-
mite in the machinery.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-09
Russian Bonds Declined.

BERLIN, Feb. s.-Russian securities. both gov
eminent and private. fell heavily. Russian i'm
perial tours went down ass per cent. Russian
Railroad consols OF 1850 per cent, and Russian
Bank for foreign trade 10 per cent and various
railroad shares l TO per cent Japanese rentes
have fallen in nve weeks from si&c TO 72lzc.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-09
Local CIearings-


CINCINNATI. Fen. S.-The Rev. John
Howard Melish. assistant rector OF Christ
Church. this city. has sent TO the vestry
OF the church OF the Holy Trinity. OF Brook
lyn. n. Y, his acceptance OF the call 20
that parish which was rendered 10 him a
few days ago. The Rev Mr.. Melfsh Is one
OF the youngest clergymen I'm the Protes-
tant Episcopal Church Ia Cincinnati
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-09
Visible Supply Statement.

NEW YORK, Feb. S.-The visible supnIv q,
grain Saturday, as compiled by the New yort
Produce Exchange, is as follows:
Wheat 80. 2O0. 600 bu; decrease $50 600 nm
Corn, S,070.000 bu decrease, $50 COO hu
Oats $4,000 bu; decrease, Is 900 blu
Rye 0S5 600 bu: decrease 10 600 hII
Barley, 4.772,0O bu; decrease ia, 900 bu
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-09

Cash quotations were follows: Flour was
steady. Wheat-No. g. sO49lc; No red oSSS
&c. Corn-No. .. ACC; No. 2 yellow 49c Oats
No. 2. 397s@3s7sc; No white, 3SIk0441bc Rye-
No. 2. Gee. Bdrley-Good feeding 3sc: fair 10
choice mailing. 4TQ5Sc. Flaxseed-No / 81 IN.
Nc. Northwestern. s1161a Prime timothy seed
sS.i5 Glover. contract grade. $40. 75011 Moss
pork. per brl, Sl3.50G13. 6212 Lard per 100 lbs
s7.351TS719. Short rib sides Ooose). IS. 506s *
Snort clear sides (boxed), Sc. 1906 S7i5 Whfety
ba sis of high wines. 127. A''
Receipts-Flour, s., 100 brls; wheat II 4oo bu.
corn, 240.s 800 blu: oats, 17e 200 blu; rye IL zoo b
barley, 800 blu. Shipments-Flour 10 500 br,s /.
wheat 30, 500 bu; corn. 155 900 bu oats as 9oo he
rye, 1000 bu; barley, Il, 800 bu ' w.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-09
State of INDIANA. Once Of Auditor Of state.

State of Indiana, Office OF Auditor of State
l. the undersigned. auditor Of state OF the
State Of Indiana. hereby certify that the
above If a correct copy OF the statement of
the condition OF the aforementioned COM
rany the 5lst day OF December. 1903. as
shown by the original statement, and that
the said original statement is now on file
IN this Office.
In witness whereof. I hereunto subscribe
my name and affix my official
ISEAI..I seal. this 18th day of January,
1904
-. L. SHERRIck, Auditor Of State.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-09

WASHINGTON--Monda statement Of the
treasury balances in the general fund. exclusive
Of the sl50.@o.0oO gold reserve in the division %
redemption, shows:
Available cash s22s ssl OSf
Gold 9SfSslt
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-09

NEW YoRK.-Bar silver. 5slkc: Mexican dol
lars. 43c.
LoNDoN.-silver bars. l-lsd per ounce.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-09
HENRY EVANS. President
J. +. LOPEZ, Secretary.

The amount of its capital .$l'OVoVo.oO
The amount OF its capital paid up
is i'OVvsVVV.VO
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-09

This is the first sale of the indianapolis North
fves reported TO the exchange. The issue
listed last week The ask price remains at
30 and the bid at So. 1t is understood there have
been number OF transfers of the issue In the
open market.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-09

The bid for indianapolis Gas skies was ad-
vanced to 1912 yesterday. None of the issue was
offered. The Gas skies are subject to call at
los, and there are few of them on the market
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-09

There was bid of 20 the Exchange yester-
day for Indiana Hotel skies which listed
last week. This is the first bid. The ask price
is loo.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-09

j. f. Wild & Co. report the sale of a block OF
loo shares of Reeves Co. preferred stock the
issue is listed the Exchange. Reeves q
Co. preferred stock is on per cent. dividend
basis. The quarterly dividend of liz per cent is
payable Feb 10. Books close Feb 10.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-09

Corn seemed to lack support yesterday. The
May sold down TO SIC. against 54s4c, the low
point Saturday. and rallied only &c from the
bottom, closing at 527sc. Saturday the May
left off at 54sc. The July. likewise. weak
Yesterday closing at net loss of 11sc from last
weeks final price. This delivery one time
got down to 50ihc. There no influential buy
ing so far could be seen. and the pit
swept with selling movement. The public was
probably taking profits in corn, A good
many tips sent out Saturday that
high enough and that it ought to be a good
sale The public interest evidently satisfied
with its profits and sold out.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-02-09

The greatest amount insured in
any one risk Is not over 500. 600,
but does not as a rule exceed.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-11-04
No Mikado Salute at Chefoo.

A dispatch from Chefoo states that much
comment has been caused there by the al
legged refusal of Rear Admiral Folger. COM
manding the cruiser division Of the Asiatic
fleet of the United States. to fire a salute
in honor of the mikado's birthday from the
vessels under his command in that port.
If this is true the comment must have been
of an approving character. Chefoo is Chi
nese. 1t would have been as proper for
the commander of an American warship ly-
Ing in a Russian f1arbor to fire salute in
honor OF the Emperor Of Japan. The dis
patch furthermore states that a request
that such a salute be fired was conveyed
to the admiral by the japanese consul at
Chefoo. which. II true. reflects seriously
upon the common sense and official knowl-
edge Of that functionary. Whatever may
be the dominant sentiment among the
American people toward the contestants
in the war in Asia, this government is far
from playing any favorites whether in the
matter of burning complimentary powder
or otherwise
Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-11-04

applied only to those persons who have
robust constitutions and, deaf ears
1t is said that the shfvering tremoio IN
the voice Of some singers will be heipful
to fever-stricken patients and that
"There'n Be Hot Time" viii be effective
when applied to cases OF frost bite. -
Some of the therapeutic properties of mu-
sic have long been suspected For instance.
1t Is known that some music produces In
somnia and that some music puts men to
sleep. There is great deal Of both kinds.
have been found, the next step will be to
discover a way for the painless administra-
ton Of this great remedy. II some man
could produce silent music 1t would proba-
bly, be a great boon to human kind. parttcu-
larly that kind that dwells in flats. But,
till the coming Of soundless music the REM
edy will have to be applied to sensitive pa
tients by the aid of ether or cocaine.
Great discoveries like this are usually
slow of general recognition and several
weeks may elapse before physicians write
their prescriptions on music sheets. dose
men with tunes for tonics or poultice
wounds with harmony. Some time will
doubtless pass before ambulances shall
carry injured men to a music store instead
of hospital
1t may be that in the light of this dis
covery the unsympathetic and unregener-
ate will revise their opinions and conclude
that piano players and tenors are good for
something after ALL
Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-11-04
The Subway and the SIum.

From the Boston Transcript - 81
The New York subway's socloloRical eff
rect. using the term in that commoner sense
which restricts its reference to the lower
grades of society, Is one Of the most inter.
esting problems raised by the roads opera
tion II should be the most important con-
slderatfon; but because other, more fmme-
date, results have been permitted to thrust
themselves into view, the road as now
enough to secure these effects in full force
The proposed extensions. however, will in
crease its sociological usefulness, and even
now the results will be more than at first
thought appear. The wonder and the priv
Is that public attention Is SO little directed
to this most significant phase of the SUBJ
ject.
Social problems are to very large degree
problems of environment If to any great
extent the subway lessons the rigors of the
slum. If through it's means any considerable
shine and fresh air, and thousands of chill
dren have better places than crowded
streets In which to play. many other ends
than merely those of the peoples comfort
must be served-ends of health, morality,
education and political purity. Improved
housing conditions in the existing tenement
districts can do something. but not a great
deal. The area is limited and, crowded as
IL is, the trade, industry and wealth of the
leSSly encroachfng waves. Unless there be
a vent, the crowding becomes worse and
worse; and If. in the slow process of time,
all the houses be rebuilt, there will result
the creation of homeless class cast out
to find worse quarters than those that had
been remedied. The only satisfactory vent
Is that furnished by cheap rapid transit.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-11-04
A Liberal Victory in Canada.

Yesterdays elections In Canada resulted
in a pronounced victory for the liberal
party headed by Sir Wilfred Laurier. the
present premier. The jority of that party
in the dominion parliament house of COM
II ons has been probably increased by at
least fifteen votes Furthermore, the con-
sentative leader r. L. Borden was defeated
by his own constituency in Nova Scotia. In
that province. indeed, the liberals made a
clean sweep, electing every one of the
eighteen members.
While no issues were at stake directly
affecting the relationship of the dominion
to the home government. the result of yes
terday's voting cannot be wholly pleasing to
the London ministry. The wise policy of
the British government is to allow a free
hand to the colonies in the matter of do
nestle politics. But there is a pronounced
liberal tendency in virtually all of them.
The colonies are in the very nature of
things expressive in themselves of a dispo-
s.tion on the part of the people to seek a
fTeer atmosphere. apart from the more or
less restricting influence of a titled class in
constant evidence in state administration
The presence of Sir Wilfrid Laurier at the
head of the Canadian ministry is no refuta
ton of this sentiment. He is a liberal of
the liberals, a commoner whose unmistak-
able capacity for government has won him
merited recognition in the only form posi-
BILE under the British system.
Liberalism in Canada does not mean a
tendency toward separation from the home
government but liberalism does mean a
tendanc to independence of views 1t
means demand for greater concessions in
the matter of trade. 1t means a rebuke to
the desire of the ministry at London to
keep a governing hand upon the militia
system of the colony. In this particular
election there was an undercurrent of pro-
test against the acquiescence of the British
ministry in the Alaskan boundary award
This liberal victory may be a sign of later
developments.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-11-04

would turn the campaign trick. and SO that
figure was selected. 1t Is mouth-flling, and
calculated to arrest attention in the connec-
ton in which 1t is used
The same rule obtained in the matter of
the sacrifice of human life. Just at this
time the losses in Manchurfa have caused
people to think profoundly about war and
it's destruction. Something like slaughter
has marked several of the battles, Rus
SLAMS and Japanese alike contributing to
the appalling reports. So the anti-imperf-
alists, desiring to shock the voters, put the
losses In the Philippines away up yonder
Simply to have doubled or quadrupled the
actual figures would have left the sum
still too small. The necessities OF the case
required what in the vernacuiar Is called
a corker, and loss of two hundred thou
sand lives was agreed upon.
The question arises, why are such yarns
put out when the facts are easily ascertain
able and are promptly published by the
other side? Tracking a campaign liar Is
like tracking . mountain goat. Each springs
with ease from crag to crag. and keeps the
pursuer guessing. The tall yarn. like the
tall peak, is formidable for the moment.
and while you are preparing to scale 1t the
quarry is off to another elevation.
Lying. however, is not going to lower the
stars and stripes in the Philippines, or any
where else .,......-..
Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-11-04
Round Numbers in Politics.

Campaign statements as a rule, are large.
particularly those based upon guesswork.
Campaign lies are always large. Candi-
dates and managers alike deal in round
numbers and strong colors. The point is to
attract attention, and in time of great
excitement measured and nicely balanced
statements fail of that object. The other
fellow must always be an unworthy man
In himself. or dangerous because of the
policies he represents and the company he
keeps Accordingly he must be soundIy
lambasted, and the measures for which
he stands mercllessly dissected. All con-
demnation must be laid ON unsparingly, or
the crowd gives little heed.
The anti-imperialists have followed the
rule closely with respect to the Philippines.
To have put the money cost of our venture
In the islands at say a quarter OF a mill
lion dollars would not have startled the
country. The sum Is large. but we are
familiar with large sums in our transac-
lions. But six hundred thousand dollars