davidaulloa/AmericanStories huggingface dataset:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-20
COTTON PRICES ADVANCE.


NEW YORK. March 1s---At the opening OF the
Cotton Exchange to-day the suspension OF J. II.
Garrison & Co. was announced. This suspension
is comparatively unmportant. the company
outstanding interest not being supposed TO be
material
A statement from Daniel J. Sully read, In
which he said that he hoped his embarrassment
was only temporary and he hoped to resume in
the future
The market opened irregular. from points
lower TO "a points higher. March sold at IL. 40c
May at 13.soq1S.s5c. July at lssOa1s7Oc. and
August 13G13.12c.
Toward the close there was evidently feelins
of greater confidence, and it. seemed though
a concerted effort was being made 10 bid the
market up TO make the settling figures as favor
able to the Sully people as possible.
May sold at 13.sIc and July at IL Osc. with the
market closing very steady at net advance OF
from 40 20 points the active months
while the crop was to Is points net higher
Sales were estimated at $4,000 bales. LEADING
Philadelphia spot interests were heavy buyers
the advance and private advices from the
South stated that spot offerings were being with
drawn.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-20
RUSSIAN BONDS
AND BRITISH CONSOLS

In all the communications from Paris during
the recent disturbance OF the market testimony
was unanimous to the fact that real investors
in Russian bonds did not SELL To this was
ascribed the relative hrmness OF the bonds on
Feb 10. Immediately after the japanese attack
the Port Arthur fleet. they sold on the hourse
at $3.50: on the Goth they closed at $685. In
London they touched SSA on the 10th and only
sSiz the Goth.
Similarly this attitude OF investors is ascrthei
10 their belief that default in couDons will
be made. This inference has caused some curfo,Is
soils, regarding whose regular payment OF in
terest no doubt whatever existed. The question
is asked. why. under such circumstances should
Russian bonds be ssecure from the influences
which broke consois from 1O2 on the day the
Boer war began, TO the .neighborhood OF IS this
week? IL is true, the interest rate was reduced
per cent. basis. the price OF l02 for the consols
Of 1893 would have been equal TO e0is. and 1, is
moreover, not TO be supposed that the price OF
1899 did not make allowance for the reduction OF
interest rate which every knew was coming
The usual answer 10 the above question is
that Russie has not yet issued any new bonds
Were she 10 do so. the problem would be pre-
scented OF finding a market IL they per
cents. and could be sold around 20 10 the same
investors as now hold the outstanding fours the
price even then might be maintained. This is
do The war loan OF March,. 1900 was placed az
93h. That OF April. 1902. went at 9ss and AL
though the first was redeemabe is 1910 the
difference in value was very large
But the real point OF Importance was that ths
loans OF 1901 and 1902 were largely taken. not by
the public, but by spectators and banking
syndicates. both Of whom got into dificulty
later and had to sell for what they could get
The curious fact in regard 10 Russian bonds ia
that while IL is known that bankers will not
take a new loan without concession. Russia now
This foreshadows some possible curious develop
ments later.-New York Post.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-20
THE WEEK HAS BEEN ONE OF CON
SIDERABLE ACTIVITY.
Nearly Six Hundred shares and $4,000
Bonds Traded In, Besides Big Sales
of New Telephone Rights.


The past week has been one Of about normal
activity in the local securities market for this
time OF the year with the volume OF sales slight
~ larser than that Of last week The weeks
sales aggregate 595 shares of stock and $4,000
bonds. par value The bulk Of the business was
transacted the first part OF the week. Friday and
Saturday were exceptionally dull days
Sales OF two blocks OF Security Trust stock
% and 100 shares at 1O1. and twenty shares Of
Columbia National at 1rh were the features of
the bank and trust company stocks. There
were no other sales in these issues. Union Ma
tional continues strong at 1922 bid, and for the
first time in several weeks a bid has been put on
the Exchange for Indiana National.
The feature OF the fractions was Indiana Union
Traction, a block of 80 shares going at IA.
Street-railway was strong and in active demand
the first part Of the week, 80 shares going at
s71k and q. Consumers Gas Trust active the
first part of the week. 40 shares selling at 1850.
The bond market was little more animated
than during the week ending last Saturday. The
largest bond transaction of the week was the
transfer of $4,000 Union Traction OF Indiana
fves at o. Indiana Union fives also showed some
activity. g. 900 selling 10. The other bond sale
OF the week was a block Of $1,000 Water 9ves at
1OOlz.
Besides these sales the rights on between 700
and 500 shares New Telephone stock have
been sold. this week at prices ranging from s. to
Sc. The volume OF trading in the rights in
dicates good demand for Indianapolis Tele-
phone stock.
Il think there will be more inquiry for local
stocks and bonds from on for some time
than there has been most ot this year." said a
member of Of the prominent houses yester-
day. Investors generally seem to be In better
frame of mind than they were last week. The
rally OF the New York stock market out of the
nut OF dullness where 1t dragged along for some
time has tended to clear the financial atmosphere
and the effect Of this will be felt in own mar
ket to a slight extent, think. 1 looking fol-
better times in local securities
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-20
IMPROVEMENT IN IRON TRADE

After fifteen months OF falling prices in the
American iron market trade authorities are be-
look, and claim that they see signs OF tmnroTe-
ment- Many times during these weary months
predictions have been made that the discourage
Ing conditions confronting iron producers were
about TO change II was thought several times
run its course. and that the upward tendency
In Industrial conditions generally and IN the iron
Each time. however, the signs OF Improvement
nave FAILED. the recoveries proving nothing more
than brief iurries. which have quickly yielded
again to the downward tendency. which in re-
cent months has been manifested in the clos
iron and steel companies nowhere more DIS
corragingly evident than In the affairs OF the
United States Steel Corporation
The rapid and ii may be said unprecedented
development OF the iron industry in this country
wnicn began IN isss progressed with only TEN.
into the boom Of 1902 AS is usual the first
signs Of impending change from the unusually
prosperous conditions which had prevailed for
several SCI, years appeared in pig iron prices and
country. The price mavement. which had car
ried pig iron 10 point more than twice the
price OF 1898; eliminated about Dec. /. 1s0s.
PRODUCTION, however, and consumption along
with It. continued undated. and in fact In
creased for several months after the turn in
that the top notch in production was reached
Since then reaction has had fun sway.
Archer Brown. Of Rogers Brown A Co re-
viewing the situation in the iron trade at the
close of the week. points to the sharp turn in
iron the one fact that stands on y bs Ps
sumption has overtaken production and is pull
ing on stocks at a rapid rate. Discussing the
present demand for iron, he SAYS
In view OF the natural increduIity that any
real Improvement is due at this time special
pains have been taken during the week TO
learn the position OF the largest meters in the
country with respect TO their own business in
hand and In prospect. Almost without execution
the reports are gratifying 20 a degree surprising
TO the concerns themselves. This applies TO
nearly all the consumers except those con.
nected with railroad supplies and equipment
although locomotive builders have been taking
ed nut .bs,Ih fe-h
authorities that II a normal demand from the
railroads was added to the large general de-
mand. we should be to-day using about ali the
York Times
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-20

The sales Of each OF these eight stocks on April
80, 1901 exceeded greatly the sales OF all stocks
on March 10, 1904 and their aggregate, l. $50. 2ls
compares with 1880. the total OF the eight
stocks last Thursday.
Has this comparison any special Significance
and meaning? We think IL has. The trading OF
April 80, 1901, represented overspecuation The
trading of March 10 1904 represented under-
The immense. volume of sales three years ago
signifed the money madness OF the American
people, their greed for great gains suddenly
made without even the thought Of labor or
the labor of thought. II speculation car
ried to the point OF insanity. debauchng de-
moralizing, dangerous. In less. thar ten DAYS
there was a panic that conyulsed the financial
world as II by an earthquake The effects OF
that have not even yet passed away. The specu-
lation of March 10 signifies caution carried TO
the point OF cowardice.
The past. three years have witnessed de-
cline in prices and a, shrinkage In the volnms
OF speculation, and yet in spite of every un-
favorable condition producing this. the country
haryests have been raised. great profits have
ado d TO the money in circulation. The wealth
OF the United States is increasing the rate
OF over 5000 100000 every year IL amounted
to s9f O00. 0o. 900 in 1900. and year n should
amount TO $40 900 600 900. The latest report OF
the Bureau OF Statistics shows that In volume
OF exports We head the rest OF the world A
total OF s0.s00 shares trading In day on the
New York Stock Exchange In the fact OF such
facts as these is ridiculous n is much an
exaggeration as the transportation Of 1901
Wa3l-street Journal.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-20
Consolidated Tobacco Company.

In the balance sheet OF the Consolidated To-
bacco COMPANY. published last week showfns
assets OF s2ia2l 900 for the year ending nec
81 last. item that attracted attention was
s51 10 cover furniture. = the CouSolida.et
Tobacco Is purely holding company incOrpor-
ated under the laws OF New Jersey IN 1901 "a
acquire the stocks Of the American the CON-
tinental and subsidiary companies. for which
4 per cent bonds issued. only one small
Office Is required 20 hold the meetings which
occur once twice year. once furniture
valued at bv the Consolidated Tobacco arnong
assets OF 1914 Sal 600 recalled the statement issued
last Nav by President Hill OF the Northern
Securities Company. which showed that the ex-
pense OF administration. where gross earnings a
100000 was concerned. amounted TO tss5Ts-
New York h--~
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-20
Rates Abroad.
LONDON

ner cent and 15-las7S ner cent Consols
S6l9QS6$.
PARIS.-Three per cent. rentes. s5f zoe for the
account. Exchange on London, 25f lsc Tor
checks.
notwithstanding on London. 2om 4Slzpfg
Discount rates: Short bills. "a per cent; three
months bills. ass per cent.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-20

BALTIMORE. March BIN the Circuit
6surt to-day the receivers of the City Trust
and Banking Company. which suspended
June T. 1853. filed a suit to-day In which they
charge that the cause OF the banks failure
was due almost exclusively TO the unlawful
transactions of Frank j. Koehler. its form
err treasurer. Mr. KOehler left Baltimore i'm
mediately after the suspension of the bank
and is reported To be somewhere in the
West
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-20
Movement of Specie and Merchandise.

EEW YORK, March 1s.-Total imports Of dry
goods and general merchandise at this port for
the week ending to-day were valued at sl3o6e5 2s
Exports Of specie from this port for the week
1913 525 silver and $5s1 900 gold; imports Of
specie at this port during the week were s52.74t
gold and s., 6S2 silver.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-20
Treasury Statement.

NEUTRALITY-SUSPICIOUS. statement OF the
treasury balances in the general fund. exclusive
of the $50 000 900 gold reserve in the division OF
redemption shows:
Available cash balance s225, 246. 0s6
Gold liz. S43, 91y
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-20
Markets for Silver.

NEW YoRK.-Bar silver. SIC: Mexican dol
lars. 4sl5c.
LONDON.-Bar silver. 96Ad an ounce.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-20
SPECULATION AT LOW EBB.

Less than three years separate March TO- 1905.
from April 3d. 1901. but what a contrast in the
activity. OF speculation. The following table
shows the total sales OF the two DAYS as we'll
as the sales OF eight leading active stocks:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-20
New York Rates.

NEW YORK.--Close: Money call nominal.
No loans. Prime mercantile paper, 4i2Q5 per cent
Sterling exchange firm. with actual business In
and at "a 81 1904 81 40 for sixty day bills Posted
rates. s4.s4 and SASS. Commercial bills at sfSsSis
d4S4
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-20
THE MONEY MARKET.
Indianapolis. CIearings.

INDIANAPOLIS-Co Commercials paper, per
cent: time loans. 515a6 per cent.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-20
BANKS DO NOT MAKE
FAVORABLE SHOWING
influence of Statement Was Dis
counted in Stock Market-Loans
Increase, RESERVES Decrease.

NEW YORK, March 1s.-The statement Of
averages of the clearing house banks of this
city for the week shows:
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-20

OF the exchanges. Then the high walls Of tariff.
which the great powers Of the earth are build
ing, VIII be beaten down--Wall-str Journal.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-20

stock under the Irish land act of 1908 The issue
price is IS. The list closes or or before
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-20

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
Hon dollars OF these mortgages and have
never lost a dollar OF interest or principal
and have never fCreclosed mortgage since
we have been In business. Phones. New 1924:
Old black 4126. {. n. WILLIAMS & CO.
Bankers. No. 10 East Market ST.. indianapolis
We allow three per cent. on deposits.
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-20
British Government Issue. Loan.

LONDON. March 1s.-The government to-day
the issue Of SIS Goo 900 in "a per cent
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-20


The estate of the late w. C. Whitney, which
has been officially scheduled at 81, 600 600 or
thereabouts is. in reality. largely in excess Of
that sum, according TO the statements made by
insiders The zeal value is said to be $751; OOO OOO
There has been a suspicion that the Whitney
estate is getting rid Of a portion at least of
its holdings in the new York traction COM
panies There is also prevalent belief that
the estate of the late W. l.. EIkins of Phila-
delphia. is tightening its holdings in these
companies. Messrs. Whitney and Elkns were
two members of the small. group of controlling
stockholders in New York tranctions
Ii is said that the assets of Mr. Whitney con-
tanned almost cats and dogs" IL seems 70
have been his policy TO get rid of all evidence of
bad investments. He must have made many
such he in the habit of subscribing to
the enterprises of his friends regardless of their
prospectus promises. He left no accumulation
of deadwood for his executors to worry over or
for his heirs 70 speculate upon to possible
is in striking contrast TO those of many mil
lionaires whose safety vaults are full OF no.
toriously worthless securities
Some time during the month OF April the
trust companies and banks OF New York will
come TO parting OF the ways Under the ex-
listing state laws trust companies in this CITY
have been doing a great banking business and
have arrayed themselves in direct opposition
to national and state banks The aerreeata
OF company deposits the present line
is about large the deposits of the clearing
house banks and they are not surrounded with
Some months ago the Clearing House Associa-
ton passed a rule requiring trust companies
banks having membership therein, 10 keen on
hand larger cash reserves. This action was re-
Jority Of them are about TO cut loose and go
IL alone In their efforts to secure deposits
methods which are not regarded conserva-
tive. and unfavorable comment ia heard in con
sequence. When the split takes place formally
| II viii be sensation IN the financial quarter.
w. q. NlCHOLAS
The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1904-03-20

The Financier says:
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-10-16
Linen Economy.

We give these prices to show
what a great linen store can do.
You'll have to see the linens to
understand the values. They are
actually worth the values given,
which are a half more than our
4 prices.
4Oc a yard-2 yards vide Pure irish
Linen Table Damask, the best that
has been sold in tho city for &C.,;
1t Is full bleached. satin finish, and
pure flax. 400 a yard.
D q yard-Half Bleachcd Heavy
German Damask, usual price 45c.
See the best SIPS Damask in the city
and compare with ours at Use full
2 yards wide and 1s-lnch open bor-
ders.
;1.25 All Linen Dinner Napkins. snow
white Irish Damnsk, SIS size. SIC
a dozen; S-4 size Pure Linen Dinner
Napkins, ~ a dozen.
Fringed Dinner Cloths, pure linen-all
white and white with colored borders
- 1-2 yards long. *1.xO each.
Turkey Red After Dinner Cloths, IN
white or green J combina ions
fringed-S1.26.
800 dozen Pure Linen Huck and Da-
mask Towels, shemstitched, open
work and knotted frlnges, sizes to
181-4 yards In length, 5 each.
15c for ESQ All Linen Huck Towels,
with damask borders.
lie for Large Size Heavy Hemmed
Huck Towels. $50
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-10-16
Fashionable LaceS at.
New Prices.

You'll find some old favorites,
but some Of the new productions
are remarkably pretty. Cohen, I'M
like most stores, does not charge
an extra profit for the new things.
Work considered, there is not a
better value In the store than
these.
New Applique Laces. embroidered or
net, In bold designs-separable-for
DOE n yard.
Venice Allover Laces, in the new de-
signs, for waists and trimmings,
D a yard.
Irregular Gallons and Straight In
servings, Pompadour effects. hOc a
yard and upwards.
Handsomest Wide Applique Laces at
III 20 to $3.50 q yard; Sleeve l>aces
to match.
Hundreds OF yards of Net Top Sleeve
Laces, In ecru or white, at LOG,
IL 1-2c. lDc and 5 Q yard,
Lace Medalllons. in white or ecru, at
16c, 100 and zoo a yard.
New P%ompadour and Anglais@ Lagos at
Kl.HO TO $3.50 q yard.
Godet Lace Flounclngs. In black Chan-
tilly and real lace shade OF Point do
Gaze, ~ to F3.7b q yard,
Fl Several hundred pieces Of German and
English Torchon and Point de Paris
Laces, in widths that usually sell at
1Oc, for 10 a gard; another lot at
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-10-16
Big. Bargains in
Waists and Sweaters.

A good Judge said yesterday that
she never saw a finer lot of
waists at the prices.' You'll say
the same when you see them.
Beautiful Taffeta silk Shirt Waists,
all the newest colors. tucked front
and back. with leg o mutton sleeves,
all sizes. In all colors; q waist made
TO sell for S.. your choice $3.50.
Embroidered Messalinc Waists. brown,
blue and white; M of this seasons
newest and most stylish produce
tons, strictly u~p-to-date; some em-
broidercd In the most natural flower
like designs. others in dotted effects.
price rs.
we can surprise you with a Velvet
Waist for %@,O5. The material alone
would cost as much;Nall 5colors, with
tiny pin dots, perfectly fashioned.
In all sizes.
All Wool Flannel Waists, very de-
sirable color; made with three broad
tucks in front, now collar and
sleeves, choice 20.
Broadcloth and Brilliantine Waists
for $l.DS.
Black Mcrcerized Waists, tailor FASH
Toned. splendid material, best vsc
waist. choice O5c.
Sweaters.
Sweaters for Sl.DS, all colors and
sizes, that sold for So.
Handsome Knitted Norfolk Jackets,
the latest style, all colors, for hnc.
Childrcn's Norfolk Jackets for Rl.HS.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-10-16
Blankets.

Our leaders In Blankets are our
ia ard 1874 White Wool Blan-
kets. which are always sold at
$3.50; we price them specially
at E5 a pair.
There are White Wool Blankets
at @2.25.
Other Wool Blankets are -,
%3. so, $50, $3.50. ~, Hs.SO,
$40 and S12.1O. which last
price lie. for the handso1nest
1874 California Wool Blankets.
which actually weigh
pounds.
we have a full limo OF Cotton
Blankets, In white. tan. gray
and fancy, from 76c to S1.76
a pair.
For $50 We can give you a
1874 Cotton Blanket. in white
or colors. with extra heavy
deep fleece, very soft and
warm; actually worth $2.5.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-10-16
Dainty Veilings.

l ~ yards lung Crepe Chiffon Veil
ings, with taffeta ribbon borders,
all shades, worth 81, special 76oGa
veil.
All tho evening shades In, ready-to-
wear Chiffon Veilings, IL yards
long, ~ and Sl.HO.
The New Circular Chiffon Ready-to-
Wear Veilngs. all shades, M q
Veil.
SPECIALIZE pieces New Net Veil
ings, IN black, brown, navy and
green, worth 25c. for I" 1-@c a yard.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-10-16
Hosiery Specials.

IulN5WBTAE GAEEEEN 4 GsfHhN#EHE.H4N
in order to sample our immense
stock for you. In several lots they
are worth a full half more.
tic for Women's Black Imported
Stockings. Did you ever see them
for as little? Isle or Maco. in
light or heavy weight; a drop stitch
or similar lmmaterial3 defect gives
the saving. 3 pairs. bOc.
IL lie for Silk Finished Stockings
for women. seamless and made OF
fine or heavy gauze, Egyptian llsle
or cotton,
100 for Women's Guaranteed Fast
Black Seamless Stockings.
DC for Children's Xxi or Derby RID
Stockings. regularly 12 1-2c..
The Wayne Knit and "Y..K. M.
4-Thrcad" are the most economi-
cal stockings to buy. 25c is the
price In any style or kind, and It
is the best investment you can
make,
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-10-16
New Art Goods at
ArtleSS Prices.

1t LOOK an aTLlSL 10 pick Inem
out, but It don't take an artist to
admire them. Some mighty fine
bargains here.
Hundreds OF Cushion Tops-lithograph
that look as though they were
painted. Some stamped In linen In
every ina ginable design; many that
cannot be described; prices DC, 1bc,
zoe. use and 6Oc.
Satin Tops, In beautiful designs. for
76c.
Ready Made Pillows, Velour typos,
Will, satteen bnck n tassels, all
colors. CSC.
Roman Stripe Made Pillows. 2bc.
Hand Made Renaissance Pieces. Doy-
lies, Ccnters, scarfs and Lunch
Cloths. prices from Csc to 40.
Mexican Drawn Work, elaborate de-
/ signs. every needed size, from $50
to SIS
Complete line OF Teneriffc Ccnters,
beautiful pieces. 41.
Hundreds OF Lambrequins. fine French
satteen. fringed, some bordored. some
elaborate floral designs. 25c to
y 200.
SILK Lambrequins for e1.OS to $3.50.
rs dozen Applique Scarfs and Shams.
that sell ordinarily for 75c and 81,
choice Of lot, 4sc.
Sheer Muslin Scarfs. with fluted ruff
files, Zoe.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-10-16
Flannel and Flannelette Weather,

# popular priced goods to fill
IS, if bought by us to-day, would
Come and see them.
Crepe T~TIannerettes, in all the Per-
sian, Oriental and othor effects; the
usual 70 1-2c grade, y 3-Ac.
lG 92-3c Heavy Fleeced Merccrized
Oxford Suitlngs, in delicate tlnts
and neat designs. IL 1-2c.
Double Fold 10c French Percales,
q Lie.
Double Fold Scotch Plaid Outings, n
1Sc ones, for L. lie.
2lc English Tweed lSuitings. exact
imitation OF the 81 Woolen Fabrics.
10 H-lc.. .3
Red Medlcated Wool Flannels, the
20c quality, 10 2-3c.