davidaulloa/AmericanStories huggingface dataset:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-27

The four great iron producers OF the world
the United States Germany. Great Britain and
Belgiunl-made IS. $50. 2S5 tons OF pig iron in
1908 This compares with 80 129. 294 tons produced
BY these four countries in 1902. showing an in
crease last year OF 2.1569il tons. OF this total
the United states made Is. 81. 100
pared with ls.512.s75 tons the combined produc-
ticn Of Germany and Great Britain while
Belgium made f2is.5 500 tons. In 1902 the pig
iron production OF the United States exceeded
the combined production OF Great Britain and
Germany. but last year II fell 474975 tons below.
Tfis change In the relative positions of the three
leaders due entirely TO the tremendous in
crease In Germanys production. She made
l0.es5. s34 tons in 1903 which was an increase OF
1.sS2.s7f tons In 1892 Germany's production was
O. t02. $50 tons. while Great Britain made S,s53-
GO tons. thus occupying second place TO the
United States. but last year Great Britain made
only S.sSs7 of tons. while Germany crossed the
70. ooo.ooo mark The three leading producers
in 1904 the United States. Germany and Great
Britain. made 1915 per cent OF the worlds out
put. the former showing increase OF 293 e52
TONS Germany l6s2. ga tons and Great Britain
e. rs tons. The advance OF Germany to sec
ond place In the list. forcing Great Britain to
take third place. the most important world
development. Most OF the increased produc-
ton which put Germany in second place was
consumed BY British steelmakers.-Wall- street
Journal
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-27

Directors Of the Pennsylvania Railroad Com
pany have approved construction and equip
rlent schedule calling for expenditures OF less
than 500 O00 o00 in 1904 This announcement at
aroused curiosity as 90 how this compared
with other years. and how far IL VIII cover the
work TO be done
These appropriations apply only 20 work the
main lire east OF Pittsburr. and the amount
named cornnares with so 3Ss 7is in 1900 and s2s.
S74 276 I'm 1902 This shows that unless additional
items approved later on n halt has already
been called on such work. The sum will be varf-
ouslv raised. Last ont OF the total sum de-
voted 10 improvements So, Ill 90 charged
10 capital account 50 AZ 600 against the income
OF the year. and sl2 500 con 20 the premium real
fzed upon the issue % capital stock In ie3
IS 37i.ooo charge 10 capital account. slz-
900 ao0 10 income and 500. ooo from the improve
rnent fund set aside from the earnings Of 1907.
While the company only shows cash OF tlI. l9i 90
AZ the close OF 1905. the amount advanced 20 9TH
or comnanies during the year increased.
But the go or0 600 does not necessarily cover an
that tire Pennsylvania Is 10 spend upon the line.
TIVE balance sheet OF the railroads recent renort
showed that its advances TO other companies dur
ing isos had increased by sS5.sf7 90 That monev
Ma annarently been raised by sale OF stock. ana
the per cent. notes lust placed by the Pennsyi-
vsnia Company. which controls these ether West
ern lines. Is TO reimburse the railroad
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-27

The total imports and exports OF merchandise
OF the United States for the year 1903 amounting
81 i45. $50. 9l6. divided between 141 ports
the insignificance of some OF which centers OF
commerce is such that they seldom or never are
heard Of The volume OF imports OF merchandise
the various ports for the year 1903 varies all
the wey from s61l. 705 6s2 for New York to 81 for
the port OF Kennebunk. Me-, decidedly inter-
esting gambit The duties collected on the i'm
ports at New York amounted to Sis $50 Cpl but
the 81 OF imports at Kennebunk. although classed
as dutiable. did not far the official reports
show. yield any return to the government either
for revenue for the protection OF the infant
Industries of the neighborhood which were threat
ened b. the admission free OF duty OF so vast a
quantity OF foreign merchandise. But Kenne-
bunk did better In the matter OF exports Its
total under this head 50. les. which compa res
with Now Ycrks exports amounting to $685. s29 :
se4 II would be interesting to see the profit and
loss account OF the Port Of kennebunk, Ne.
New York Post.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-27
SAFE DEPOSITS.
UNITED STATES sTEEL's BONDED
DEBT.

During the year 1908 the United States Steel
Corporation increased its bonded Indebtedness
SIS. Isl. 799. calling for addition its fixed
charges of &c. $50 interest In addition IL will
soon add S12. 000. 900 more bonds it's grand
total. which will mean 5000. 600 its fixed
charges AS offset 10 this increase in bonded
debt and fixed charges. the corporation has de-
creased the preferred dividends by $40. 500. 900
year. and has had will ultimately have the
use OF $l3. 100000 cash for improvement pur-
poses. I. also holds I'm it's treasury with authori-
~ to issue at $50, 0oO 900 of bonds, proceeds
Of which may be used for general purposes.
Jan. I. 1903. the total bond and mortgage
debs OF the United States Steel Cooperation and
its subsidiary companies held by the public. was
49,. 6S5. ass on which the approximate interest
requirements were SIS ls2. 772. This was in
creased during the year by additional bonds OF
the Union Sharon properties aggregating So. 704
700 and the corporations issue of bonds under
the conversion plan aggregating to Dec 81
about S15S. 600. 000 The subsidiary companies of
the Steel Corporation also issued a total of &c.
$3.50 new securities OF various kinds which
form q charge against the several proper
ties OF the corporation
During the year the Steel Corporation retired
or acquired total OF S5.s7s. 500 bonds of sub
oidiary companies. which left its total bonded
indebtedness In the hands of the public Dec
81 last, Just $685. All. PSI. This requires annual
interest OF approximately $37. $40 S62 an Increase
for the year OF 80 49S 600 Whether stock
holders satisfied with this showing they can
not object. because they gave their approval Of
the bond conversion plan In unmistak able
fashion They were almost a unit in approving
N--Vall-street Journal
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-27

Reports are plentiful OF the good times en-
joyed by the people OF the Southwest. Texans
are priding themselves that. owing to the oil
boom and the rise in cotton. they are now loan
ing money on call TO New York. While II is
true that the activity in oil and cotton benefited
the spectators rather than producers the fact
remains that these latter have profited enor-
mously. Their pockets bulging and the bank
vaults overflow. II is not in the recent boom
altogether that the South and Southwest have
seen their prosperous days. More substantial
proof Of the growth OF these parts Of the coun-
try is evident in the fact that eleven Southern
ports have contributed nearly one-half OF the
5000 900 900 added TO the Nations exports In
the period OF from 1892 TO 1893 In this decade
Savannahs yearly exports have grown from
s23 500 900 SIS 500 0O0 and those OF New Orleans
from SIS 900 900 TO $40 900 o00 During the past
ten years Galvestons exports have increased
from $50. 100000 TO slai ooo.-Bonds and Mort
cages.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-27
The statement of averages of the clearing

ANALYSIS OF STATEMENT.
The Ffnancer this week says The striking
feature of the weekly statement of the New
York associated banks this week were new
high records for deposits and for loans, the lat
ter passing the bilon-dollar mark.
The government deposits were the highest of
the year. The cash gain of the banks was
ss,O72.0Oc, s7s65OO above the increase as esti-
mated from the traceabe movements OF money
during the week The deposits augmented
ST. 654 500 to a new high record, which amount
is only $780,, 100 less than the sum of the gain In
cash and the increase in loans. Therefore, the
statement showed good balance.
1t is noteworthy that, compared with the pre-
So ass. 400 rejecting the concentration of these
deposits in the specifically designated banks
The increase in this item since Feb has been
So 054 500, indicating the extent of the augmenta-
ton OF these deposits in anticipation of prep
arations for the Panama canal payment.
The required reserve of % per cent. against
all deposits was increased through the gain in
this item by s2.9l3.7OO deducting which from the
surplus reserve to s27.46s.S7 Computed upon
the basis deposits less those of s45sis,lOo pub
The, loans were expanded by S. ga. 900. carry
ing the total of this item s7.s6S,7OO above the
likely reflects the placing at call of the public
deposits which had been concentrated in the
the amount of increase in this item of loans
closely corresponds with the above-noted gain
in public deposits since they began to be trans
ferred 10 this center, early in February.
Circulation was increased by $4,000.
Inc daily average OF tHe We
was sl9O, o0.OOO. or $780, 900 greater than the
previous week rejecting the more active spec
ulation the Stock Exchange. The clearings
to-day, the result OF Fridays business were
SlSS. 664. 791. Comparisons Of changes In the item
OF loans show that ten banks, including the spe-
cal repositories gained So 60 900 net. The losses
I'm cash by these ten banks were S5,SOO.OGD net,
and the increase in deposits was 81. 500 COO. No
separate statement is made of public deposits.
The January report the controller of the cur
rency showed that these ten banks held SIS. ea5.
coo. All the city repositories now hold s45.94s. 100.
and probably the increase of 1928, 100 has bc en-
distributed among the ten special repositories.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-27
HIGH RATES ON DAILY BALANCES.

Speaking Of the New York trust companies
efforts TO increase their deposits by offering as
high 3i2. and Az per cent. daily balances.
the New York Post says:
Commenting on this tendency several trust
company interests admit that the practice calls
for much more drastic measures of reform than
were ever required in the regulation Of cash re-
serves One conservative out-of-town banker even
goes far to decline to do business with a
company that offered per cent. daily bal
ances He said that his knowledge OF banking
convinced him that the payment of such high
rates was incompat ible with conservative man.
agement OF trust funds. In discussing the move
ment, the head of large Wall-street trust COM
pany said 1T is absurd TO suppose that any
trust company prohtably offer per cent. in
terest daily balances in liz per cent. money
market. Such recklessness leads to all sorts OF
abuse. and if not restrained will certainly be at
tended with disastrous results. The trust COM
pany is pre-eminently hduciary institution but
when it is managed with the idea of piling up
deposits any cost ii will socn become a specu-
latve concern, exposed TO the risks that such en-
terprises ordinarily encounter. Every one con-
versant with modern banking knows no institu-
ton afford to pay or Az per cent. check
ing 1t is simply out of the question to
conduct that sort Of business in a safe way
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-27

District Attorney Jerome intends making an
investigation OF the Sfipbuilding scandal and 10
bring all the facts relating thereto before the
grand jury. He proposes 20 make this investiga-
ton thorough and far-reaching as possible
and II any facts are ascertained which will
warrant criminal proceedings ne will not hesitate
20 ark the grand jury for indictments and he
will himself that the cases tried in open
dsrxtand that Mr.. Jerome has been warned
AGAINST proceeding Ia this manner and told that
n he persists ne will not receive the support ~
certain newspapers. We desire To assure Dis
trfcf Attorney Jerome that any inquiry which
ne may make into this matter that shall he
honestly and impartially conducted for the
public. and without partisan bias. will receive
the UNQUALIFIED support Of every nev~paDer
fr<e from ~nsangiing alliances with any OF the
3nterests directly or Indirectly inyoNed.-Wall-
street Journal
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-27
Chicago Stocks.
GBy A. r. Thompson & Co.'s WI
BROKERS VIEWS ON
THE STOCK MARKET
Mover & Kiser.l

NEW YORK, March 26.-There was no partic-
ular feature to the stock market to-day and al
though the early prices strong there was
a subsequent relapse which carried securities
down. The last half hour Of trading, however.
developed steadiness. and the market closed
with fair strength. but exceedingly dull. A bad
in the exchange in the closing session There
We're no new developments in Norther Securi-
any litigation that may develop under the guise
of friendly suit must not be mistaken indi-
parties The Hartman contingent will insist on
their demands, and they are not likely to be
veopments OF one kind or another next week.
The opening market to-day generally firm,
and moderately active. Traders operated for a
strength in Union Pacific and bull points
on Rock Island We're circulated. Atchison was
strong. but Missouri Pacific was slightly easier
st. Paul firm. but eased off in the later
trading The bank statement was negative
There was heavy increase in loans but fair
nominally The statement without effect.
[Porterfield & Col
NEW YORK. March 26.-The stock market
opened fairly steady at about last nights closing
prices for the majority of the list. Union Pa
cifc and Southern Pacific. however. were excep-
higher prices in London, the former opened a
above the previous close while Southern Pacific
was y higher Wabash preferred made a stunt
shortly after the opening and recorded gain of
ia points. holding most of IL until the close
There was rather nervous tone to the days
trading: as most OF the trading element is sea
as to the final outcome of the Northern Securi-
ties distribution and is inclined to hold aloof
until something more definite is known The
final transactions. however. are in our opinion
such to indicate still further advance next
week unless something unforeseen develops over
er, others lower than yesterday The undertone
is confident. and look for better market the
first of the week
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-27
LOANS ARE AT HIGH MARK
EXPANSION OF LOANS NOW LITTLE
MORE THAN $1,000, 100000.
First Time in History of New York
Clearing HOuse-DepOsits Yester-
day Heaviest on Record.

NEW YORK, March 2s.-Bank loans, for the
first time in the history of the New York clear
ing house. exceeded the biIlion-dollar mark to-
day. With the increase Of $ $4,000 the total OF
the outstanding volume of loans reported by the
associated banks to-day in their weekly state
ment reached 1.O07. s6S,700.
This weeks expansion was largely due TO the
renewal of activity in the stock market and fur
Their borrowings by the railways. The banks
also reported to-day the heaviest volume of de-
posits record. the figures reaching s1o4s 500
This weeks loans by the Bank Of France were
s252 oOO 900. The maximum reported by the Bank
OF England 1926. 600 CO.,
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-27

LONDON. March 26.-Money was in strong
quarter-end demand in the market to-day Trad
ing the Stock Exchange was listless and il is
not anticipated that much business will be done
before Easter. Consols weak.
Americans opened dull. rallied to over parity
and became inactive. with undecided tend
ency. mainly owing to the uncertainty to the
outcome of the Northern Securities case and
fears that further liquidation will be necessary
They closed quietly steady. Grand Trunks
dropped adverse forecasts of the February
revenue. japanese were exceptionally firm.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-27
WORLDS GOLD PRODUCTION.

The gold production OF the world for 1908 is
placed by the London Statist at 1897 500 OO0 new
record and the 1904 output still higher at $685.
600 900 South African production is expected TO
and Australian output from ss6. 90. 900 to s105-
COO 600 FOR nearly a third OF century prior 10
1Sa0 world production held steady between 800, =
900 GO and sis5 GEO. 900 year. BY 1895 IL reached
s9io coo 600 in 1885, 1897 500 0o0 Meanwhile silver
production rose from % 0O0. 900 in 1900 to
az 900 900 in 1870 7s500000 in 1887 1872 900 900 in
1850 and l730ooooo ounces in 1903 The recent out
nut of the leading producers. United States.
Australasia and South Africa, has been:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-27

NEW YORK, March 2e.-Tota imports OF dry
goods and general merchandise at the port Of
New York for the week ending to-day
valued at sl3,753,7S9.
Exports OF specie from New York for the
week We're 1895. 2s6 silver and $77o.ooo gold.
Imports OF specie at New York during the
week were SIPS gold and SIS silver.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-27
Rates Abroad.

LONDON-Monev. 3d4 per cent; discounts
27sq3 per cent. ConSols. So l5-leaS6.
PARIS.-Three per cent rentes 95f CSC for the
account. Exchange on London. 25f liI1c for
checks.
BERLIN.-Exchange on London. Pom 4sxpfg
Discount rates: Short bills. per cent; three
months bills. 3ss per
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-27
Markets for Silver.

NEW YoRX.-Bar silver. 55%c: Mexican DOL
lars. 4c.
LoNDoN.-Bar silver. q ii-lsd an ounce.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-27
Treasury Statement

ASHINGTON.-Saturday's statement OF the
treasury balances in the general fund. exclusive
OF the $780, 900 gold reserve In the division OF
redemption. shows:
Available cash balance. s224 e42 500
Gold lis, Jos 793
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-27
New York Rntes.

NEW YoRK.-Money on call nominal; no
loans. Time loans easy; thirty days. 2izG3 per
cent; sixty days. 3; six months. 4: prime
camille paper. gas. Sterling exchange firm.
with actual business in bankers bills at As7.15
64S7.25 for demand and at 81 S4.50d4 81. so for
sixty-day bills; posted rates. Sass and SIS: COM
mercial bills, S4.S3& I4S44
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-27
THE MONEY MARKET.
Indianapolis CIcarings.

INDIANAPOLIS.-Comm paper. per
cent; time loans 5isG6 per cent.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-27
STOCK TRADING SMALL
UNION PACIFIC WAS CENTER OF
ACTIVITY YESTERDAY.
other Stocks Advanced, but Prices
Were Carried Down by n Reaction
Before Bank Statement.

Sales Of stock shares ............ $4,000
Corresponding day last year ....... 449,2OO
Sdles 10 CATE tnls year. SV,c ~
To corresponding date last year. .4O,26O, 100
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-27
YOU KNOW

THERE ARE NO SAFER INVESTMENTS
for your money than the farm and city
mortgages that We have for sale.
In q years we have sold over eighteen mil
lion dollars Of these mortgages and have
never lost dollar of interest principal
and have never foreclosed mortgage since
we have been In business. Phones. New 1924:
Old black 4126. &. n. WILLIAMS & CO.
Bankers. No. 10 East Market St, Indiana polls
We allow three per cent. on deposits.
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1904-08-19
Harness For The County
Fair.

Come direct to our shop and
let us help to rig up your team
for the County Fair. We ex-
pect to have ons exhibition the
best and prettIest line of har-
ness it has been our pleasure to
show since we've been in Taze-
well. Also an excellent assert
ment of brides saddles, Whips.
lap robes, saddle blankets, etc.
Drop in and let us show GU
our stock, and we are sure
there will be something that
you will like to have.
WI. Draper & Co.
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1904-08-19
Loss
sleep

Is often caused by tooth
ache. 1t also often caused
by the uninsured home be-
ing consumed b y t h e
flames. Who can think of
a more unfortunate thing
happening to a family
than the loss Of home by
fire-and no insurance
nothing with which to re-
build? No man is unable
to pay the small amount
fire insurance costs per
year. Few men ale able
to lose the cost required
to rebuild a home: There
is only one safe way-get
insurance with
3 F. D. Kits
Insurance Agency.
Insurance Headquarters.
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1904-08-19
Young Man Dies
From Lock-Taw

sam Jones, son Of John Jones. of
Five Oaks, died at his home last Sat
urday morning in his Oath year. His
death was caused by what is commonly
known as lock-jaw. About a week
prior to his death he cut an ugly cash
in his leg by falling from a wagon
loaded with oats, after which commit
cations arose and his death resulted
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1904-08-19
Fined for Setting
EN- Up to Friend

John X. G. Brown, of TazewelI
county, was fined $40 and costs be-
lore q. G. Peery, a justice of the
peace, for having given a drink Of
whiskey to a man by the name of
Clint Banner, on election day, last
fall. Banner went before the grand
jury and made the Indictment agains
Brown.
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1904-08-19
Fell From Horse
and Broke Her Arm

hatheline. the young daughter of
Mr.. and Mrs. John c. Whit, fell from
morse near her home on Tazewell
Avenue last Tuesday evening and
broke her lett arm. Both bones in
her arm were badly broken, and it was
necessary to take her to the sanitarium.
where she received medical attention
from DR.. R. b. Gillespie.
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1904-08-19
An Expert Cutter

representing the well known house of
Strouse & Bros. Baltimore, the cele-
brated "High Art" Tailors will be here
on Wednesday. Thursday, Friday and
Saturday, August 18th, 18th, 10Th, and
10th, with an attractive line OF Fall and
Winter samples representing a large
assortment Of up-to-date foreign and
domestic woolens, from which we shall
be pleased to receive your orders,
guaranteeing superior workmanship,
faultless fit and very latest styles.
Hartman & Baltimore.
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1904-08-19
TOWN OF GRAHAM.

One-fourth interest in Brick building
on Morton st. Best store r~om in
town, anG IL rooms above. Price
$4,000.
Mill and lot situated in West Graham,
adjoining Thistle Plow Il Foundry Co.
3O.Bbl. Full Roller Process. 200 Blu. 3
Roller Corn Mill. Steam power.
About 200 yards from r.. X. siding,
Price $250O
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1904-08-19
TOWN PROPERTY.

One story and basement containing 3
nicely furnished rooms, two small
porches, good barn, dairy and other ne
cessary out buildings. Water at the
kitchen door. Price $500. Payments,
one-half cash, balance $40 per month.
Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1904-08-19
Real Estate
Farms, Town Proper
ty, ETC., for sale.

Wholesale Drug Store For Sale.
No patent medicines in stock, all sta
pie goods. Present owner has fine trade
but on account OF i'll health is forced to
close out his business. The stock is Of
Tered at sacrifice. Write or call on
US for terms, etc.