davidaulloa/AmericanStories huggingface dataset:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-24

sion in month Of ss5.opo.ooo. the reserve item
increased SS2 100000. and the surplus over
s9lSsz5o. Money on call has fallen 10 per cent
OF under The rates fer TIM Loans have been
eager buyers Of commercial paper.
RESERVES PIIING Up
The large influx CT gold resulting from the
heavy trade balance in our favor for two months
has eoncnrreI with the return flood Of currency
from active trade channels TO pile UP reserves in
the New York banks. No small part Of the in
crease in loans by the banks here is due also to
the transfer OF loan items from trust companies
and from interior banking Institutions to the
Now York hanks.
These outside institutions lend their deposits in
are high and the prcht attractive. When rates
iEr can loans tsii - e.e tdte paid by New YORK
banks on deposits tGtsiGe renders call IN their
loans and fhll back the oeposit paid 10
the New York banks. which ar thereby Df.Nen 10
nhu eihlloA hvnt Tor tnese ieEjs, On Mhich thes
are Paying rate pidl tically equivalent TO tit
open market cal ica.i fat
Fears OF iaidUad boTTO. ing. of the prerara lion
Tor the l'a1i..d tanai =. at and OF com
ING increase FEB. ! o. the reserve require d
or the New York trust companies Ia ~ per cent
IRON . pei Gene. have dee lined in infiut ne.
Gross earnings OF IdIIlUads continue 70 he vel
msntainci. S,rtlnent the iron anu stee
trade hds distinctly iminoNel. ana he rrJnrdo-.
terms Oh which the coihi,auy cotton an grad
crops are being nari,te.. IL of growing mlre D
.IteDeSs.
Ihe growing demand for bonl has been OF nC
small iniieen'e an IL, lrVsIng sentiment over ms
OItlOOk for eui. jIcs. a pressure II &C. 4ita
enpl0! ment IN ra,ilrl,sd Iilort.agls I.o'
unusual relLde 10 an eAldlts4il- lad. ..et ioi
stocks. hc extraordinary demand i0T Unite,
states Steel seconI nNeS anl for Rock islan1
has not prv,iuded sooI 4emand at adeancin
prices ior higher grace bonds.
Quotations on cal. Tor government bends have
not changed during the week.
sales AID che rangt:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-24

represented only the shifting accounts THINK
from the tone the close great ACTIVITY VIII p1
seen Monday and a higher range Oh piices VIII
be seen in certain stocks
Meyer & Kiser-
NEW YORK. Jan. 2S-The market this morn
ing started without a London lead, and with con-
nicting news from the far East. but its strength
was manifest from the start and although as
bank statement time drew near there was heavy
protit taking the stocks offered were readily alb
sorbed. After the tremehdog S g increase in
deposits of Sl5. 000. 600 over loans through the
transfers of loans by the trust companies TO tns
banks fresh buying movement starter. ana
led by heavy covering by shorts in Baltimore *
Ohio and Sugar. the market closed AT aDou' . Is
best figures of the day Bonds were strong anu
we think that the good showing OF the psnks;
and the absence OF disquietins news from ABROAD
over Sunday. will result IN hlgher hguIes on
IA r. Thompson & Col
NEW YORK. Jan. 23.--The stock market opened
at a slight advance yesterdays close. with
renewed activity and stronger undertone than
had been expected in view of yesterdays heavy
nrost taking and the general expectation of
some reaction this morning. After the first
hour there was considerable irregularity.
due profit taking in connection with
ters The news of the day was not important
Commission houses orders We're only in moder-
ATE SUNNY and the outside business was not a
factor in the days operations. The bank state
ment notwithstanding the heavy increase IN
nuhlfcation bull operations were resumed and the
market closed strong at very nearly the best
PriG,s5 OF n1 tnS next Week Sentiment
seems in the street to favor further advance.
[Porterfeld * Col
NEW YORK, Jan. although the wire serv-
loo was against large business and the London
market was closed. the volume OF trading in the
stock market to-day was large and prices held
rernar<ably strong in the Of the usual end
of-the-week profit taking
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-24

L.
OF. the bank statement the Financier says:
THE striking feature of the official statement
of the New York Associated Banks this week
are new high records for loans and deposits and
holdings of specie in excess OF the maximum last
year. while legal tenders within s7l2 800 of
the highest in 1903. and surplus reserve only
pared with the return OF Dec 26. cash showed
gain of 1854 zoo; deposits sl2O 600, and loans
SS6.22i. 700.
THE increase in loans of $50, 669. 800. and in
deposits Of st5.OS4. 200 this week are greater
than in any week on record the highest previous
gain i'm deposits being 1886. 467 900. Jan. 10. 1901
The gain in cash is s2i4 600. amount close
ly corresponding with the estimated increase
which was based upon the traceable movements
of money during the week This estimate was
the legal tenders arc augmented only $500 500
The deposits are increased si5O34 700 and the
qured reserve is thereby raised sl1 1915.
Computed upon the basis OF deposits, less
those Of S36. S66, 300 public funds the surplus is
s35. POS. go. The statement showed a good bal
cash being only s21sSoc less than the increase in
deposis. The remarkably large gain in loans
may be attributed TO the efforts which banks
made during the. week to press for employment
doubtless large loans on sterling collateral rep
resenting investment operations In exchange and
MONEY COMING FROM INTERIOR.
The gain in cash almost wholly due to
the return movement OF money from the interior
and to the operations of the subtreasury. which
together contributed s11 423 900 to the increase
of sli, 1i9. COO cash. There did not appear be
any evidence of an important accumulation OF
public deposits in the banks at this center as
the result Of transfers of deposits hither from
interior institutions, for the gain in this item
compared with JAM Is only Sl67, 700.
"One remarkable feature OF the statement is
from S. s7S 600 in The previous week to s2 2sS 400
Another feature was the decrease of $685. 500 I'm
circulation. The daily average of clearings was
s2l5 900. against Sis. 000.0 900 the previous
week, rejecting small transactions on the ex-
| changes The clearings to-day. representing
Fridays business, s25S s47 5T7 Compare
of exchange in loans show that seven of
the large banks gained ST. 900 and three banks
contributed ST. 400, 600 of this amount. These
| seven institutions increased the cash item by
- M
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-24
Money Rates Abroad.

LONDON.-Money, 2HG2l2 per cent; discounts
3ikG3i4 Consols. IS Lisa ssh.
PARIs.-Threc per cent rentes s7f sc for the
account. Exchange on London Of l0c FOR
checks
BERLIN.-Exchange on London. com iS4pf for
checks Discount rates: Short bills. per cent :.
three months bills rs per cent.
NEW YORK. Jan. 23-Imports OF dry goods
and general merchandise At New ork FOR the
week we're valued Sl3. 255.s S5. Imports OF
specie were $lS0.33l geld and Sll,23j silver. Ex-
rorts - specie from this port for the week were
ST. 80, 277 silver and $z9.S3 gold.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-24
BANKS MAKE BIG GAINS
INCREASES IL LOANS AND DEPOSITS
THE LARGEST ON RECORD.
Gain i'm Cash Is S214,149.6OO. an
Amount Closely Corresponding
with the General Estimates.
special to the Indlanapolis journal.

Special to the Indianapolis Journal.
NEW YORK, Jan. 23.-The statement to-day
Of the banks in the Clearing House Association
shows. some record breaking increases. AS a
whole the statement is regarded as favorable.
The only unfavOrable feature is increase of
more than s35. O0o,0O0 in the loans. This item
is only technically unfavorable. according to gen
cral opinion. and the tremendous increase in the
deposits. specie and the required items
discount the unfavOrable showing Of expansions
of loans
To a large extent the bank statement had
been forecasted in Wall street, and IL therefore
had little effect upon the stock market Fol-
lowing is the showing in detail:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-24
THE MONEY MARKET.
Rates on Lonns and Exchange-Clear-
ingS and Discounts.

INDIANAPOLIS.-Com paper, per
cent: time loans. 5lAM6 per cent
NEW YORK.-Money on call nominal; no
loans Time loans easy: sixty and ninety days.
3<3is per cent. six months. 4 per cent; prime
mercantile paper. 43tnJh. Sterling exchange
steady with actual business in bankers bills at
"a sjet4s6 for demand and at 81 50 20d4 30
for sixt day bills posted rates. S4e3isfl3e4 and
81 S6I.Q4S7 commercial bills, S4S2izui.o5
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-24
BROKERS VIEWS ON
THE STOCK MARKET
IA. W. Thomson.1

NEW YORK. Jan. 23.-The stock market ruled
steady at the opening. while a generally firm
tone was noted in the list. While some iIquida-
ton occurred in spots tho selling was undoubt
eddy by those who wished shorten their lines
over sunday. fearing the possibility Of unfavor-
able news from the Orient. Bank statement
figures came as expected. The net actual cash
gain shown was about $1,000 600. The increase
u loans and deposit accounts were technical and
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-24

NIAt f-MENl 81 lDENl.
". G. Do5bs president OF the company. gave
oct the following statement yesterday:
Just a year ago on the "a of January the
Merchants Heating and Lighting Company
made its first connection in the city OF Indian
apons for steam Tor heating purposes. At that
time the power house had Just been completed
and very little Of the construction in the streets
ready for II required al OF the winter
and spring and part OF the summer to complete
tho work II August before the plant
began fairly Il operate upon any regular basis
by the ist OF October connection had been made
for lighting and heating service up 10 50 per
cent. OF the indicated capacity % the plant.
At that time the management decided to
make no further connections until after the Sc
winter weather was past. II was realized
that this cou.se would not only greatly reduce
the income OF the company. but would result I'm
disappointment to many people who had delayed
their arrangements Tor connection. but were
really depending on the company for heat during
the winter. Notwithstanding these facts, how
ever. the offeeIs ihousht il Of greatest impor-
tance % avoid AL the possible consequences ~
Overlooking the plant and O. Insure 10 customers
the certainty OF adequate and effective service
The company's fiscal year ends the ist OF
June. and IL was hoped by Of the enthusi-
astic merchants that a profit might be shown
b. the operations Of the company at that time.
Notwithstandtrg the fact that the plant has
been on a fair operating basis Tor only abOu,
four months the rsuults have been 50 extremely
gratifying that the directors have prepared and
i,Fosenfed 10 the stock holders a detailed state
o. the results o. the first twelve months OF
the company eNsiente
This statement shows that w % Jan / 1904
expense. Interest on bonds and an other charges
OF every nature. ne. rroit ~ 81 1905 This
amount mas been set asiae by the directors ints
surplus account T. be applied on the 1904 ex
tensions Of the plant
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-24
WANTED
$l8,OOO.O0

fer five years on good manufacturing prop
erty at East Chicago, Ind. Would repay
same in installments. and give best OF Chi
csgo references as TO ability TO pay. Al
dress PA care Lcrd & Thomas, Chi
cago ILL.,
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-24
Markets for silver.

NEW YORK.-Bar silver. 55Ssc; Mexican dol
lars t2Isc.
LoNDoN.-silver bars . li-1ed ounce.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-24
Treasury statement.

wASHINGTON-Satu statement OF the
treasury balances in the general fund. exclusive
OF TIE $4,000 600 gold reserve IN the division
% redemption. shows
Available cash balance. $50 go SOC
cod Observation-Disclosures. SIS SOP sol
silver 1S,uSl. O05
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-24
GOOD EARNINGS SHOWING
MERCHANTS HEAT AND LIGHT CO.
EARNED s23,145 NET IN 1908.
Entire Amount Set Aside as Surplus
Fund-Extensions This Year
Statement by President


The Merchants Heat and Light Company
earned. during the calendar year 1903. $e3,1iJ.O6
above operating expenses. interest on bonds and
all other charges. The entire amount has been
set aside as a surplus fund and will be applied
on extensions TO be undertaken this year. As
the company was a fair operating basis only
about four months last year. the showing made
is excellent and is entirely beyond the expecta-
tions OF the officials. The company's fiscal year
ends June J. and at that time the net earnings
statement WILL no doubt make even a better
showing than the one for the calendar year just
closed.
The Merchants Heat and Light Company has
a capitalization OF $4,000. and II has put out
$4,000 of a total authorized bond issue OF $780,
coo. Forty thousand OF the bonds held in
reserve. SIiJ.Oo0 of them taken by the stock
holders and tie remaining 100000 were foated
in the local market
Following is a summary OF the report OF the
condition Of the company at the end of the year
just closed. which submitted TO the stock
holders a few days ago:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-24

y ". Thomson from Logan & Bryan's
WaIl-street houss)-Barrins development of a
war scare over Sunday chances are in favor of
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-24

one day this week time when the un-
easiness Of the financial community over the
situation in the far East was somewhat acute
q wal-strcet news agency printed in quota
ton marks. and double loaded. statement al
legged TO have becp made by an Official OF the
Standard OIL Company. to the efrect that John
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-24

IL is generally assumed by the leading
financial interests here that the decision OF the
Supreme Court in the Northern Securities
Will be adverse to the merger interests. the only
question being to how soon Il will be handed
down The fact is not disguised that a decision
necessitating the dissolution Of the Northern Sc
curities Company will be serious blow to the
MorSan-Hill interests and would be received with
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-01-24
Total sales ........... 39S. 700
limited STATES BONDS
Cbicago stocks.

IBy a. r. Thompson & CO.'S Wire
Columbia courier. [volume] (Kennewick, Wash.) 1902-1905, 1904-10-28

An American traveller in China, max
ing his way out Of the province OF
Shensi over the mountains, after five
days Of rough riding overlook his serv-
ant, who had been sent on ahead with
the baggage. He reports the conversa-
ton which followed:
As a soldier half lifted me from the
saddle Wang, the servant, handed me
my razors. "For five days." he said,
'the beard of my master is growing. ]
think maybe he like to cut 1t off,"
thanked him for his thoughtfu'ness,
but l added, "You are In a great deal
worse shape than l am. You needn't
trouble about me. Have your cue
braided, and then lie down on your
pooka and take a nap"
He smiled with the faraway, rather
sad smile Of his race. ut would not be
right for me to sleep, sir" he said, "be-
fore I see that you are resting. The
cue is Chinese. 1t can wait patiently.
But the beard Is European. 1t cannot
wait It must - quickly"
Columbia courier. [volume] (Kennewick, Wash.) 1902-1905, 1904-10-28

ibid you never notice how much
ter mems gloves look than women's?"
said the man. go into any public
conveyance and look ut the gloves Of
the passengers and you will be i'm.
pressed by the superior condition Of
those worn by men. Two-thirds Of the
women you meet cover their hands
with suedes and dogskins that are
shockingly soiled and worn. 1t is not
only women Of generally shabby ap-
pearance who are guilty Of wornout
finger tips and ragged seams; many
who are otherwise well groomed and
who could afford to put on fresh pair
Of gloves every day are equally culp1
Bile. Men would be ashamed to 60 OF
the street wearing such disreputablc
things, but women flaunt them un'
blushingly."
"That sweeping condemnation is un
fair" protested the woman. "The CON
dition is easily explained. Women wear
their gloves much more than men, and
besides it is awfully destructive to lin.
ger tips to dig around In purses for
change and samples and to handle
candy, to turn over books and to exam
inc dry goods"
"Now you have jumped the subject"
said the man. II am not talking about
cause. 1 am talking about effect The
majority of men certainly do wear bet
ter gloves than the majority Of wom-
en-. You cannot deny that"
"That is true" the woman admitted.
II cannot deny it; they can better af-
ford It also."- Times.
The Providence news. (Providence [R.I.]) 1891-1906, 1904-03-18
PAWTUXET.

The Fire king band had an entertain
mant Ia st night in the Firemen's hall for
the ladies', and about s o'clock there was
a. good sized audience, which. with one
or two exceptions. was composed OF the
fair sex.
The musicians have been entertaining
the nremen and the firemens families on
numerous occasions, and as one or the
members OF the band expressed II: It's
up to us 20 square ourselves with our
friends There were vaudeville turns
very cleverly presented and musical Sc
lections by the vocalists and instrument
taIists by the clever members or th~
band which contributes 90 much 10 the
entertain nxlent OF the fire company.
FoilowiSg the entertainment there was
/ a social period. during which light re-
/ freshments were served, ana Wnen ue
| girls started for home all were reany 70
| declare that they had "a perfectly spien-
A party comprising about 30 couples
! ant evening In the odd Fellows hall last
/ night " was composed or nemDerS OF
Miss May Browns dancing class. whicia,
! Is made up OF people from Edgewood ana
Proyidence, and the occasion was made
more than unusually enjoyable by reason
| OF the masks and costumes worn py the
| dancers. .
one OF the funniest features was a
group OF eight old maids. who sat SOL
| pmnIv I'm one corner OF the room tlll lii~
| dancing started and kept together TIL ne
time OF unmasking. when some OF thee
| ''unaids" were found TO be possessore OF
moustaches and TO have faces that show Sa y
| ed results OF frequent visits TO the par
Der concealed beneath the folds OF the
! voluminous gowns. - .,
| Football players rollicked with dainty
! little Japariese maids in pretty klmonas,
while Chinese coolies and conunental
soldiers romped through the square
dances with gypsies, flower girls aho
dainty damsels I'm the quaint dresses ol
our great great grandmothers Snort \
/ before 10 O'clock the danoers unnasked
and though the identity of the dancers
was disclosed the carnival spirit was
maintained the rest OF the evening ano
the party did not break up until Just pe
Fore the last car for the barn The Eagie
! orchestra Furnished the music for the
! long list Of dances.
The womans Missionary society or ths
] Pawtuxet Baptist church had an inter
esting meeting this afternoon at the bone
az MTs Thomas E. Bartlett on the War
wick side Of tho bridge. The hostess
| read a very interesting sketch on the
work OF the late Mrs. ingalls,. q MISSION
! airy who had done much good work IN
/ Rurmah A general discussion or mis-
! sionary topics followed
/ The mid-we meeting AZ the Bapus,
I church was we'll attended last night and
/ the pastor took up the concluding portion
of the eighth chapter Of John. Carefully
| that he would answer any questions thai
I would he put to him by menbers OF the
congregation from time 70 time, and an.
| nounceA that they would be discussed ir
/ tho Thursday night meetings for tin
benefit OF those present
The Providence news. (Providence [R.I.]) 1891-1906, 1904-03-18
WARREN.

The burnt cork coterie OF warren he,t
their annual minstrel performance In tn
Institute hall last night The hall wa
packed to the doors with large and ap
preciative audience. The opening mum
Der was the minstrel show. followed b
an excellent oio and a very bright an.
witty after piece. The solo work OF Mis-
Anna Buffinton and Messrs Walter Den
MS and Joseph Salllant elected much ar
to numerous encores. Music and &C
compartments were furnished by tn
Straight Bros lorchestrs of Brsto
r. J. A large sum was realized fror
the affair. and this will be devoted {
the treasury OF st. Marys church. TIL
committee In charge OF the. affair consist
sd Of James lam s; chappe,I,le,, pgp',,, I'm Michael
The town council met last evening an
elected the term OF officers for the 81
suing year. The list Is practically II
served efficiently in their respective y,
sitions The police force Is under y
command OF Chief of Police Edward Nj
comber, and he will have as assistan
fred Burgess and James Cunno. Tow
Sergeant George J.. Drown also retaii
his Office. Other officers, OF minor in
portance are again elected.
At a special meeting. held by the scho
/ committee. In the town hall IL was vote
| 10 change the one session schedule. no
/ In eneCt at the l4lDeIig SNnO'
\ back 10 the two session rule. which WI
/ formerly IN effect. This change W
/ And favor among some pupils and the
| parents. and others do not approve
I the action.
] Rohearsals FOR the minstrel perfOrI
ance OF the Narraganseu Fire COmpan
No. g. are To commence az once. ~
/ = w. Chappelle will Copeiuct the ana
\ and ~ he has conducted others succes
fully there Is no possible reason for fee
/ ing Of his falling in his present undt
/ taking.
MIR and Mrs Joseph ". Lent OF n
town visited relatives I'm Providence "
terday.
I Prayer meeting services were held
the " y and Baptist churches IL
night, large congregations being prsse
30 result ~ The excellent weather
\ large number ~ lo-si rsorle
/ messed tho parades vesferday IN b.
! Providence and Fail River.