davidaulloa/AmericanStories huggingface dataset:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-13
THE STOCK MARKET IN FEBRUARY.

The stock market was very dull and depressed
during February. Influenced by an unusual ON
bination OF adverse deV elopments. Except for
a few htful rallies. the trend OF prices was
steadily downward. the lowest prices u the
its close. Much of the dullness was attributed
TO the wild fluctuations in the commodity mar
kets. the record-breaking movements in cotton.
coffee, wheat and other staples diverting atten-
ton from stocks. while the uncertainties sur
rounding the war in the far East and the dis
turbed markets abroad were a further influence
In curtailing operations. Despite the weakness
or the market. there was apparently very lit
more IRE, when some OF the insurance companies
were forced 20 part with their security holdings
10 meet hre losses, a considerable part OF the
recent foreign selling OF American shares being
considered OF that character.
The market was almost entirely IL the hands
OF the professional bear traders. who found lit
tie difficulty in forcing prices lower. as the
events OF the month, from a Stock Exchange
in the absence OF any outside buying. little re-
sistance was offered 10 their efforts. Banking
interests were credited with rallying 20 the
support Of the market on one or two occasions.
The bond market was seriously affected by the
Baltimore fire. a number OF the houses who
make "A speciality OF trading in this class %
securities having 10 purchase bonds sold 10 the
insurance companies. taking them temporarily
out OF the market. while the heavy borrowings
Of a number Of the railroads on notes also had
a etrimenta effect. Money on cal! was easy
during the entire month. averaging about i%
siderable quantity at 3 per cent. for short
dates and Az per cent. up 20 one year. Foreign
exchange was generally firm and recently quits
strong Railroad earnings were variable. -Duns
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-13
AMERICAN SUGAR REFINING.

The recent advance in American Sugar REIN
ing stock was accompanied by reports that the
company is now earning at the rate OF 81. 900. 900
a month applicable 10 dividends. The buying
was largely by interests which for some months
have maintained bUllish views on the stock
without expressing any definite reasons for the
faith that was In them.
An average profit OF 81. 900. 900 per month or
ST.. co. GO "A year would leave 50. $50. 600 available
for distribution on the common stock after pro-
vfding for the Z per cent on the preferred. This
would be equal 20 - per cent. on the common
stock. an estimate which Is considered not I'M
reasonable as covering both the sugar and coffee
operations OF the company.
The number Of new rehneries projected by
outside interests naturally raises the question
as 20 whether the business Of the big company
may not be adversely affected 20 an extent which
might render ~ imprudent 20 increase distribu-
ton 10 Stockholders while having 20 meet in
creaslng competition. There Is. however. a
tendency 20 treat this question lightly. The
aspect OF 40 which now receives most cOnsidera-
ton IN trade circles II the answer which II gives
20 any Arguments which might be raised by anti
trust agitators. since with competitors In the
local field there could be no allegations OF a
monopoly. such a contention has often been
made IN the past since IL Is thought In many
circles that an understanding exists between
the American Company and the ArbuckIes.-
Wall-street Journal
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-13
GENERAL FINANCIAL NEWS.

The Panama canal payments are not likely to
disturb the financial situation in the least"
says W. q. Nicholas. the Journals Wall-street
correspondent. ION the contrary. it Is possible
that there may be such a delay in paying the
sac. 900. 900 TO the owners OF the old canal property
that the banks will have the use of the money
for months. The epidemic of lawsuits which has
broken out In France between the various claim
auts for tho share which is 10 40 TO that coun-
t-y is making the American interest very uneasy.
According TO common belief. at least half the
money will remain on this side. No definite
Information Is obtainahle a. TO the identity OF the
indivftuaIs composing the American Panama
canal contingent, but IL Is unquestionably made
up OF important people whose influence has been
the progress Of legislation and treaty discussion.
Some day the facts may be known. and when
they are there will be q sensation which will
Joy the soul Of Col. Henry Watterson and others
who have an inkling OF the truth but lack def
mite knowledge OF the facts to support their
vague statements
That Secretary Shaw is neditating the recall
from the banks Of a considerable percentage OF
United States deposits remaining after the Pan
anna payments have been completed. as has been
intimated In the monthly circular Of the National
City Bank. and in later Washington dispatches
f. confirmed by his address to the New Jersey
bankers last week. In that address the sec
Rotary took the ground that at such a time as
this the banks ought 20 be contracting their
circulation Instead or expanding IL. IL appears
from this that the secretary regards the large
national banks as in some respects a tempta-
ton 10 make inJudiciOus loans. The reason
which induced him and his predecessors TO in
crease United States deposits 10 the credit OF the
treasurer OF the United States from SIS. 900. 900 at
the end OF 1909. TO nearly twice that amount. or
SIS. oo0.e0 in 1903. have ceased 70 exist. The sur
plus for the current fiscal year 10 date is only
1000. 0c0. or about one-siNth OF what 4: was at
this time a year ago. The available cash bal
ance in the treasury. less deposits in banks. Is
now only So. 100000. This viii be reduced 20
SO. 900. 900 or less within two months by the pan
ANA payments. Of which $40. 600. 600 are to be
taken from the treasury ana $50, 0O0.9 900 from the
nks.-Wall-stree Journal.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-13


The Financier says:
THE striking feature OF the official statement
Of the New York associated banks this week is
the decrease in all the principal items and the
very slight change in the surplus reserve.
Contrary TO expectation. the loans were de-
creased g.. 519. 100. This seems TO indicate that
there has been no expansion OF loans as the re-
suit of syndicate or corporation borrowing, as
had been locked for. The falling off in loans is
Stock Exchange purposes. owing to the small
volume OF speculative operations.
The cash decreased by SS31, 800. which sum
very closely correspondent with the amount of
SOS 800 loss which was estimated from the trace
able movements of money during the week.
Deposits decreased 1884, $50. or only s32, 900
less than the sum Of the reduction in loans and
OF the loss Of cash. The statement. therefore,
shows a remarkably good balance. The required
reserve is reduced 1881. 225, as the result of the
decreased deposits, and, deductiDg this sum from
the loss Of cash, left the extraordinarily small
decrease Of 81, 275 in surplus reserves TO S29, 937, OT5.
Computed on the basis OF deposits less those Of
$50, 535, 900 public funds. the surplus is $39, $50. S25.
The item of government deposits increased
1891. 500 during the week, probably representing
accommodations through transfers to this city from
interior repositories. The increase in such de-
posits since Feb. 6 has been 2.64l, 700.
Circulation was reduced last week by 81. 206.-
goo, making 81, $50. 800 since Jan. 2. The almost
stagnant condition Of stock speculation is clearly
reflected in the small daily average OF bank
clearings. this being only Sl60.O 900. 600. or $40. OOO. 900
less than in the previous statement. The clear
ings on Saturday resulting from Fridays BUSH
ness We're Sl5i. III, 5S4, or much below the daily
average.
The cash reserve OF the banks probably will
be augmented next week by the transfer hither
OF S.Gn. coo, the proceeds OF 5000. 900 OF Japanese
during the week. Comparisons Of changes in
loans show that four OF the larger banks de-
Of changes in cash indicate a gain of these banks
Of 81, 500, coo net
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-13
Bobby's Bargain.
Lippincott's Magazine.

Lippincott's Magazine.
Henry and Bobby. ages eight and ten re-
spectvely. Nwere little boys who thought
and had tendencies. In consequence OF
which. at times. they were a source OF great
embarrassment TO their mother. Bobby. in
particular, had the moneymaking propen-
sity. He saved his pennies religiously and
his eye was keen for a bargain.
One evening at dinner their father had as
a guest a gentleman who was a great horse
man. The boys listened attentively TO the
conversation for awhile, then Bobby opened
fire with
Say, Mr., Smith: can you buy a horse for
yes. Bobby said Mr.. Smith. you can.
Can you get one for fifty dollars?"
Yes"
For twenty-five dOllars'"
For ten dollars?"
For seven dollars7"
Seven dollars. reaIIy?' said Bobby won
deringly. Would the horse be awfully
fast2"
well" said Mr.. Smith. smiling. ..you
would not be likely 20 get a Lou Dillon or a
Dan Patch, but the creature might be able
TO pull a plow."
Bobby thought for a moment; then. But.
Mr.. Smith. could a horse you paid seven
dollars for have a coltT'
Possibly" said Mr.. Smith gravely.
II have seven dollars in the bank" con-
tinued Bobby; Il guess I'll get a horse. For
II a seven-dOllar horse could have a colt.
and that colt have a colt. and that colt have
a.
Bobby's mother and father and Mr.. Smith
became seriously interested I'm the salad:
the youthful Henry began TO ddget: the en-
bryO stock farm continued 10 grow-"and
tina colt have a colt. and that colt have a
colt, and that colt
Henry could stand IL no longer. Turn
ing 10 Bobby. he remarked in a tone OF i'm
patience. Say. as soon as you think YOU
have the worth Of your money would you
mind passing the breadg'
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-13

THERE ARE NO SAFER INVESTMENTS
L 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 a dollar OF interest or principal
and nave never foreclosed a mortgage since
we have been in business. Phones, New 1924;
Old black 1926. G. NJ & co.
Bankers, No. 10 East Market ST.. Indianapolis
We allow three per cent. on deposits
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-13
Imports and Exports.

NEW YORK. March 2.-Tots imports OF dry
goods apd general merchandise at the port OF
New York for the week ending to-day were
valued at Sl1. 3l2. $40.
Exports OF specie from New York for the week
were 1854. 20 silver and 81. 27S. T3 gold. Imports
Of specie at New York during the week were
81. pol gold and So. 694 silver.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-13
Rates Abroad.

LONDON.-Money Plaza per cent: dis
counts. 3 lie. Consols. S. l3-l6ds5 l5-ls.
PARIS.-Three per cent. rentes. sf Sc for the
account. Exchange on London. 25f Ice for checks.
BERLIN.-Exchange on London. 0m 454pfg.
Discount rates: Short bills. Ia per cent. three
months bills, 3&.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-13
Markets for Silver.

NEW YoRK.-Bar silver. 57lac: Mexican doll
lars. 45c.
LoNDoN.-Bar silver. &c $3.50 an ounce.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-13
The Sunday Journal, by Mail,
$3.50 per Annum.
$3.50 per Annurn.

OF the $50. O0O. 900 gold reserve In the division OF
redemption. SHOWS:
Available cash $40. s57.O1S
Gold 10, 21l i0l
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-13

NEW Y~ORK.-Money on call nominal: no
loans. Time loans steady: sixty days. 3 per cent.
ninety days. 4i1 per cent six months, 4q4A per
cent: prime mercantile paper. 4lzdS. per cent.
Sterling exchange steady. with actual business
in bankers bills at sass. OG4S6.75 for demand
and at 81 SO. sO24s3.s0 for sixty-day bills; posted
44S34-
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-13

Observation-Disclosures statement OF the
treasury balances IN the general fund. exclusive
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-13
NEW YORK BANKS MAKE
A NOMINAL SHOWING.
Loans Show Decrease of More Than
1000, OOO-Statement Had No Eff
feet Upon the stock Market.

NEW r March 12.-The statement OF
averages Of the clearinghouse banks of this city
for the week shows:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-13
THE MONEY
Rates on Loans and Exchange-CIear-
fngs and Discounts.
indianapolis CIearings.

INDIANAPOLIS-Commercial paper. 8 per
cent. time loans. 5hd6 per cent.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-13

Taking the week as a whole. the local mar
ket has been about as active the past week as
during the few weeks preceding. The weeks
sales Of stock aggregate 495 shares. Bopds have
been a slow sale this week. the weeks transfers
OF bonds being only $4,000. par value-s1,OO New
Telephone second fves and $1,000 Street-railway
tours.
New-York tribune., 1904-09-11

He threw out his arms, threw back
his head.
Strikel" he said.
Clenching her teeth, Miss Abby lifted
the sword She pointed it straight at
Graham's heart She did not blanch
or quiver; neither did he Suddenly the
weapon fell ringing TO the floor.
q" | cannotl Oh, God, l cannot" she
whispered.
"No' Then | will revenge you, Miss
Abby" said the man quietly
You will not kill yourself?"
No"
What them"
Again the tramp of hoofs upon the
hard road; the changing of sabers, the
Jingle of bits, word OF quick command.
My friends down there will attend to
me, he said smiling strangely.
David, she cried. catching at him
with blood-stained hand as he passed
Don't gol'
Tomorrow when 1t was too late, he
would repent II bitterly to-day he was
determined With a white, set face he
went out. She heard him go through
the hall she heard him descend the stair,
she heard him hail the troopers. She
ran TO the window and tore back the
blind. He was standing at the foot of
the cypress tree where she had told
him the baby was buried, looking
down.
The troopers came Gathering up the
driveway
'Grahaml" cried the Captain of the
squadron. At last
Il give myself up said the man
quietly i am a deserter
You shall be shot in the morning,
said the officer, motioning for his men
10 lead the prisoner away.
My God, my Cod" whispered Miss
Abby Have mercy upon me, have
mercy upon me!
New-York tribune., 1904-09-11

heved youl Must a woman smile. and
laugh, and kiss. TO love? | was yours
body and soul You-you threw me
aside for Philippa. | do not wonder at
that. That ism t what | blame you for.
You wrecked that child's life. You de
serted her as you deserted the army,
You are a coward She came back here
five years ago III a storm. She was
senseless when | took her in The baby
was born-your baby
Where is the child,
Dead thank Cod We want none
of your blood TO pollute the earth. He
Is buried vonder under the cypress.
And Philippa''
Until this hour she has been as d
child. Her reason-thank God for i'll
fled with the babys birth pieced out
her story from her rawlings in delirium.
| prayed daily, hourly. that God might
give you into my hands. And when you
came this morning I knew that my
prayer had been answered.
And YOU were going TO kill me'
Another second and | should have
sent YOU TO had swhere you belong, said
the woman slowly In all the conversa-
ton she did not raise her voice from its
quiet, level, almost subdued monotone.
If II had not been for Philippa -
poor Philippai' said the man.
He stared from the still figure of the
dead TO the stiller figure OF the living
He was not lacking IN intuition. Now
he read Miss Abbys soul like an open
book; not comprehending all-he was not
strong enough for that-but enough.
And the sight was more terribly accusing
than the body of Miss Philippa. liz
was not all weakness. that man. else
these two women would not have loved
hlm.
" You are right, he said, you have
borne much from me. / viii make
atonement
New-York tribune., 1904-09-11

maneuvered by bold, well-disciplined
crews. free from liability TO panic. and
composed OF men resolutely determined
TO sacrifice their lives If necessary.
The following summary briefly tells
the essential success with the torpedo
Firsf-A perfected torpedo, which can
be accurately directed for considerable
distance.
Second-A swift and easily controlled
vessel from which the torpedo could be
brought near enough to the enemy 10
assure hitting.
Third-A highly trained personnel,
absolutely fearless and devoted 20 duty,
whatever the cost.
F0urth-SuItable conditions, involving
also a foe not fully vIgilant
The combination of all four elements
does not appear 20 have occurred in
war previous 10 the recent attacks at
Port Arthur.
On account Of the Japanese successes,
a hvsterical conclusion IS drawn that eX-
pensive battle ships no longer should be
built. This, too, appears 10 have be
come the views Of some who have such
influence in our national affairs that there
is danger that defensive developments IN
this direction NAV be halted,
ANY halt IN the futher construction Of
battle ships now will only be felt three
years or more hence Can we safely
predict that serious international com
plications involving the national honor
and safety will not arise by that time
Can we now safely predict that torpedo
vessels viii suffice for home defense and
10 maintain the honor OF our flag abroad
Whatever views may be held in this
matter now, we cannot yield TO them
safely, as they are only in the nature Of
coniectures, and should not be accepted
by ourselves unless others Of the great
Powers accept them and build no more
battle ships. Their construction requires
years. and the work of building battle
ships should 60 steadily on, costly as
they are, as a national insurance.
New-York tribune., 1904-09-11

On the other hand torpedo vessels
can be constructed relatively quickly.
But even these require many months 10
construct If their value has increased
relatively. It would bc well 20 build
more OF them also while not ceasIng TO
provide powerful battle ships
II is true that the attack of the under
water hull by torpedoes has been sue
cessful momentarilv The answer 90 this
obviously points o. the dcsirability OF
strengthening the underwater hull bv
greater cellular subdivision. and giving
q triple and even guadruple bottom
Naturally a reply 10 this viii be
made eventually by producing torpedoes
CARRYING larger charges. Beyond this.
there probably viii be introduced again
aerial torpedo guns which throw large
masses Of high explosive 10 longer ranges
than attainable by yorpedoes, and IN
such manner as 10 insure the shell S
entering the water and exploding below
the surface near the ship.
The game Of "see-saw OF prcponder-
ance of one element OF armament and
then another goes on. and viii go on
indefinitely First one factor has the
advantage. and then the other but the
ingenuity of man oveTComcs obstacles
and finds means of shifting the coign OF
vantage War appliances constantly be
come more effective and destructive but
this has not brought about a cessation
OF war However great the develop
ments NAV be in the material OF war
we always must revert 10 the essential
factor of highly trained and elevated
personnel
The millennium has not yet arrived,
and no great nation can afford 10 trust
at all times TO the goodwill Of other
nations. The rights Of nations able To
maintain them are more likely 10 be
considered than those Of the potentially
weak Strength at such time does not
lie in the possession Of great wealth.
but in strong armament Immediately
ready for action.
New-York tribune., 1904-09-11

% Why have ycu never married, Mr.. Tyson,
Wen. guess its because I've never hap
pened 10 want 70 kiss the girls who wanted 10
KISS me Miss Aslzam
New-York tribune., 1904-09-11
Your Fortune

the cradle 10 the grave Prof LeAmz
Dept 1853. bridgeport Conn.
New-York tribune., 1904-09-11
TORPEDO VESSELS

CONTINUED tram PAGE 10
Mower County transcript., 1904-06-01
North Dakota.

1 have fine farm of 48O acres in
Sargent county, North Dakota, $50
acres under cultivation, 100 acres in
pasture, small house, large barn,
granary,. we'll and windmill. Near
market. AS fine farm as youIcould ask
for. If taken at once I can sell this
for $1,000 per acre, part.time. lknow
this land personally and it is a bargain:
Also have 100 acres in this county
AZ miles from Grand Meadow, good
house, granary, stable, corn cribs, hay
shed, windmill and tank, fine grove.
All under cultivation, about 20 acres
meadow,slays fine. Price <s45.o0 per
acre, part time. I have others. Call and
see me. ]r FIJI, MITCHELL, h
hi Austin National Bank /.
i'll DIET :''.} Austin, Mimi.
Mower County transcript., 1904-06-01

Three through daily express trains to.
sFt. Wayne, Cleveland, Erie,e Buffalo,
New y ork, Boston, and New England,
points,, carrying syestibuled sleeping
cars. Meals served IN Nickel Plate
lining-cars on American Club Meal
Plan, ranging in price from i35c to $1.OO;
also service 4 IA Carte. Chicago depot.
La Sale and Van Buren, streets. No
excess fare charged on any train on the
Nickel ] Plate Road. Chicago City
ticket offices, III Adams st. and Audi
torium Annex. Phone Central 2O57
Mower County transcript., 1904-06-01

Pasture for stock. I have. forty
acres Just east Of city for rent. Inquire
of ] IS. Decker on premises.
Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1904-05-26
TITBITs FOR PARTY MEN.

ETIf Mr.. Bryan does not like what
they ase doing at the ST. Louis con-
vention he can go out and amuse him
self ir the fair grounds.--Washingt
Star
ETIowa may help some democrat to
get tn" nomination for the presidency,
but right there, dear children, is where
Iowa stops.-Chicago Tribune.
GSThe democrats are now taking
the tariff from the tar-balled cedar ce-
dar chest and scalding and perfuming
it, that it may enter into business rela-
tons with the platform which is now
being hatched.-Judge.
ryThe Hearst resolutions in Iowa
say: "In William Randolph Hearst we
recognize living exponent of true
democratic principles" Is this del
icate way of referring to all others as
dead es?"-Chicago Post.
EgCornelius Bliss, treasurer of the
republican national committee, a man
who knows more about political feel
ing in Wall street than all the editors
of democratic newspapers in the world,
is authority for the statement that if
the Parker men are counting on domi-
mating financial support from New
York city they are computing without
their hoSt.-Cleveland Leader.
DJudge Parker's mother tells the
reporters that she used to give her
son a good switching when he needed
it. At some time or other she must
have whaled him half to death for
talking too much. Jour
nal
uEEvidently the democratic slogan
for 1904 is to be Down with Roose-
Welt" A campaign of personal abuse
can be welcomed by republicans. 1t
will weld the affections of the plain
people all the closer to the patriotic
and forceful American whom they ad-
mire, love and trust-Cleveland
Leader. .-.....--...