davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13
TRADE IN CHICAGO.
Ia TEIEGRAPH no rHE r,n1n1-Nr

IBY TELEGRAPH TO THE TRIBUNE
Chicago May 12.-There was a little temporary
strength to wheat early some rain in the North
west and sympathetic with fractional advance at
Minneapolis and Duluth. The market at its best
showed 54c over last night. There was no outside
buying however, and when the local bulls turned
TO take profits the market slid off and closed at
decline The last prices were unchanged to &c lower
May left off at Size; old July sold at $40 and at
SSfsc' and closed At SEC; new July. S47sc old Sep
TENDER. S07sc; September, 1850 The Price
Current" was rather bearish, and the editor Mr.
Murray, says the reported loss In winter wheat
area IS exaggerated Gables were a fraction lower
There was some strength early on the report that
l'u0VVJ bushels Of wheat had been burned at Fort
William. but this corrected later: there was
only $4,000 bushels in the house. Minneapolis
claimed a little better flour situation The stocks
there decreased 10000 bushels for five days North
west cars were %; clearances 5000 bushels There
Is no outside buying. and the big interests are
Corn was firm, futures closing unchanged. to &c
487.c, and closed ACC Sellers; September. sic;
DecJDeTo sc there was covering Of shorts. and
In spite of bad lake freight situation there beinr
no present prospect of a settlement Of the strike
Clearances were 900 bushels. There was favora bic
weather. The Price Current" says the corn area
VIII be record breaker Liverpool IA up.
Kansas City and st. Louis prices were relatively
CUISINES %as e6t WITH o1 G7eago The shipping
on $4,000 bushels There some talk Of better
was light Wells other provision interests COW
cred corn oats were firm. closing &c lower TO l2c
and closed at 39c September. 31c. Receipts were 81
h S 90 Sdo oats were re higher Shipping sales
standard out of public houses. THE Price Cur
rent said crop prospects were favorable The
shipping demand was quiet; country stocks light;
There was a small provision market with cover
ing by shorts early and enough selling by packers
lower. and ribs unchanged to 2]5c lower The
packing West for the week 435 900 compared
unchanged The stock here So er 6sp G oG were
creases about 900 tierces lard and decreases slight
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13
GOLD EXPORTS.

Engagements of gold for to-morrows steamers
amount TO 100000 OF this. S3,5O0O00 was engaged
yesterday by J. P. Morgan & Co. 81 10000 by Lazard
Freres. 100000 by Goldman. Sachs & Co., and
s1.0500OO by Ladenburg, Thamann & Co. This
makes the total amount for the week $4,000 900,
new record amount for a single week. and
the total since the current movement started
$44,000o00. This extraordinary movement of the
metal has depleted the supply of gold bars at the
New-York Assay Office. II there is a continuation
Of the movement il is probable that steps will be
taken TO ship coin in the future instead of bars.
Official figures of the amount OF bar gold on hand
ct the local Assay Office cannot be obtained but
II is generally understood that it is S1S 100000 A
considerable part Of this is in small commercial
gold bars which not up to the standard of fine
required for export
Two well known foreign exchange bank
ing houses made the prediction yesterday that in
addition to the shipments far arranged upward
OF sO'UOOOJ would be exported before July l. A
wild report was circulated that S1O1000O00 OF gold
would have TO be shipped from this country this
summer, but the idea failed to impress the financial
community seriously. 1t is well bear in mind
that gold production in this country is increasing
at a rapid rate and that the increase in the coun-
tys gold supply from this source and from the
kondike and Alaska mines viii go far toward off
setting the present outward movement of the pre-
cious metal. The effect Of gold exports on the
money market was reflected in a firner tone both
IN call and time loans.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13
5000 Total sales.
WHEAT.
WALL STREET AND EXCHANGES

FOREIGN TRADING.-Foregn houses dealt II
upward of 1900 shares in the local market. mostly
sales. In the London market the movement az
values was confined to small fluctuations WITH
moderate strength in the japanese As and furthss
heavness In the Russian issues. The weekly stats
rnent OF the Bank of England showed slight in.
provenent in the percentage OF reserve to liabilities
as compared with the week before There
change in the banks minimum rate OF discount
WINTER WHEAT PROSPECTs-Dispatchs
to "Duns Review from branch Offices OF r. @.
Dun & Co in the winter wheat belt agrees that ths
crop has suffered serious injury, and It is now
practically certain that the yield will fall short Of
the quantity expected earlier IN the season. and
be materially smaller than the average for recent
preceding years. Weather conditions have been
particularly disappointing in the northern States
Ohio and Indiana dispatches promising only about
half crop. In sections where the wheat loss Is
heaviest there should be harvested a much Larger
crop Of other cereals. for the abandoned wheat
has been ploughed up and planted with
and oats. On the other hand. there
favorable returns from other States. notably Kan
sas which is the leading winter wheat Stats
needed moisture falling in abundance. In Missouri
reports indicate a generally satisfactory condition
From Texas some encouraging reports also tr
sued although the reports from the Southwest ar.
much mixed. and 1t is difficult to arrive at any
definite idea OF the total yield in that section n
Central Illinois conditions satisfactory. and
while the acreage is smaller than for seward
years. abundant rains have helped the crop.
IRON INTERESTS ON THE PRODUCE Ex.
CHANGE.-Charles Z. Wheeler. c. H. Huh. c:
New-York. and J. Q. Henshaw. OF Boston coz
nected with the pig iron business. posted to-
memberships at the New-York Produce Exchanss
yesterday and others will follow. This is the first
step IN the proposed trading in pig iron warrants
the Produce Exchange. Membership sold O.
Saturday for So, and $3.50 asked
INTERBOROUGHS EARNINGS.-Earnings q.
the marlborough Company for the quarter ended
March 81 amounted in gross sSs45121. increase
OF S6l5OO0. as compared with the quarter Iass
year. Net earnings increased $4S9.OOo. while surplus
after charges Including the dividend on Manhattan
stock. increased S35 600.
BROOKLYN GAS DIVIDEND RAISED.-Tns
Brooklyn Union Gas Company has declared quar-
terly dividend Of 2Ia per cent payable June n
crease Of y per cent for the quarter, making ne
10 per cent a year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13
NEw LOW RECORD FOR STEEL COMMON
The Price Goes to 9-Inside Interests Said
To Be Buying.

United States Steel common stock made a
low record again yesterday, going to g. compared
with the low record level of 9l4 Wednesday. The
close at 91s, net decline of 4 per cent. More
than 1900 shares of this issue sold The pre-
ferred. the sales of which aggregated more than
5000 shares, lost rs points. A prominent interest
in the United States Steel Corporation said yester
day to Tribune reporter that the management
Of the company far better than 1T had
ever been before, and that despite general trade
reaction he reason why the dividend on the
preferred stock should be changed Wall Street
spectators are so extremely bearish the steel
issues that many conservative operators buying
these securities the theory that rally will soon
develop. The short interest is large and it would
require only small demand TO bring about a ma
terial advance. 1t reported yesterday that in
side interests picking UP the stocks in ex-
pectation Of better prices Reports that Mr.. SChwab
has been heavy seller not credited in well In
formed circles II IS quite certain, however, that
long stock has come the market, and that II has
been well absorbed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13
AGAINST R. |. BONDS.
II Proposed Issue Called Unsafe for
lSaUings Banks.

AZ .b. eleventh annual meeting Of the Savings
Banks Association of the State OF New-hork, held
ut the Chamber of Commerce yesterday, the eXecu-
tive committee reported against the proposed issue
of S6S 100000 bonds for the Chicago Rock Island
and Pacific Railway Company. Resolutions were
unanimously adopted declaring 1t unwise for saw
ngs bank in this State to purchase bonds for this
proposed issue
At q meeting Of the committee I'm January a bill
was prepared to limit the investments OF savings
banks IN the Rock Island to it's first mortgage 6
per bonds. due July l, 1917. and the general
mortgage gold per cent bonds. due January l,
1898 This bill. however died in the Committee on
Rules of the New-York Assembly. The report says
in part:
The company has capital stock of 81, 1000 on
which dividends being paid at the rate Of
sists Of this new issue Of $4,000 600 due April 1884
issues except 900 IS due July 1855 and abou
81. 200 Burlington, Cedar Rapids and Northern
Burlington. Cedar Rapids and Northern Railway
Company has been merged IN the Chicago, Rock
become the obligation OF the latter road So that
Enen al the new issue OF SS0oO" Is sold the
and Pacific Railway Company Will be 1894 5S1 600
stock. and these bonds then viii be illegal for
savings bank investment
After the reading of the report, Superintendent
Kilburn OF the State Banking Department made
an address. saying in part:
Much has been said about the growth Of the list
OF investments In railroad bonds. want TO sound
is better TO throw out two or three good bonds
rather than let in bad
The report OF the nominating committee
cepted unanimously. Charles A. Scheren. the pres
tdent Of the association, refused third
term. The officers elected are President, William
Van Rensselaer,, president of the Albany Savings
Bank. Albany, N Y; first vice-president, James
Mcmahon. president Emgrant Industrial Savings
Bank, New-YorR City: second vice-president, Ed
ings Bank Syracuse; third vice-president, Charles
2: Eannanlan. president Troy Savings Bank, Troy.
n. Y; secretary, William G. Conklin, secretary
Franklin Savings Bank, New-Yor5 City; treasurer,
Samuel D. Styles, president North River Savings
Bank. New-York City; executive committee for
three years, Alexander E Orr. president South
Brooklyn Savings Institution Brooklyn; Charles E.
Sprague president Union Dime Savings Bank. New
York City; David Hoyt, secretary Monroe County
Savings Bank Rochester. n. Y.
Mr.. Schieren in his address president called
the year 1903 a most eventful one and spoke of
several important features. Among other speakers
were William II. s. Wood. president of the Bowery
Savings Bank: General Stewart L. Woodford and
Charles a. Conant
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13
TAKES 100000 IN GOLD ABROAD
La Lorraine Carries Record Shipment for
Single Steamer in Her Strong Room.

La Lorraine sailed yesterday with her strong
room filled with gold. She carried nearly $1,000
600. record shipment for a single vessel The
gold bars which comprised the shipment were
packed in kegs. Carrying this on board and
checking # off took up the greater part OF Wednes
day. and it was not until after p. that the last
bar was safely under lock and key.
Ten trucks arrived at different times, and each,
with the exception Of the last two. laden with
100000 in gold On guard each truck beside
the driver two armed men. When the trucks
arrived at the pier this guard increased by
officials OF the line. while at the strong room were
Detective Mallon and detail of the ships officers.
The gold shipments were made follows: ]. P.
Morgan & Co. S2,500,O5o; the National City Bank,
100000; Goldman. Sachs & Co. S50O0oo and
Lazard Freres Heidebach Ickelheimer & Co. and
the Royal Bank of Canada, 100000 each.
Just before sailing time the vessel listed bit,
and the gangway. which there a number
Of persons. caught against the side Of the pier
shed There scramble to get ashore, but
before any damage done the vessel back
- her original position.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13

DOMESTIC EXCHANGE.-New Orleans Com
mercal SOC discount bank. 81 premium. San Fran
cisco-Sight, 212c; telegraph. SC Boston-5c dis
count Charleston-Buying. par: selling 1-Ioc pre-
MUM. Chicago-25c premium Cincinnati-Par n
Zoe premium. Savannah-Ruying. SOC discount: sell
ing 75c premium. st. Louis-S5c premium Mime
apos-Soc premium.
BANK CLEARINCS. - New-York - Exchanges
$l91 $500 balances, s9s7s.0O9. Baltimore - Fx-
changes. $3.6352lS; balances. S5l0O46. Roston-Fx-
changes $22.765 709 balances s21lO5s3 Philadelphia
Exchanges. N71S3O79; balances 81 a95 sea Chicago
Exchanges, S2S,994365; balances 81 S72 9G4
FOREIGN MONEY MARKET-Cau MONEY, IN
London, r4ftll2 per cent Open market disc0unt
short bills 2d2 1-16 per cent; for long bs
1i6E2is per cent. Berlin discount rate per cent
Berlin exchange on London, 20 marks ~ pfennigs
Paris discount rate. 2is per cent. Paris excha1Ss
on London. p francs l0l2 confines.
FOREIGN SECURITIES - British corsols 20.
money, 90 ll6; for the account GOA French rentes
So francs 60 ccntimeS
SILVER MARKET.-Bar silver 56lsc: Mexica,
silver dollars, 4iiec. Bar silver in London cIosej
at y l5-l6d.
GOLD PREIIUM.-In Madrid. 800: Lisbon d q
GOVERNMENT NEUTRALITY-SUSPICIOUS. recetnts
reported from Washington, S5597l4 Internal rat,o
Receipts for the day $l3i3934; expenditures Il so
COO Receipts for the month to date Sl7 2gl 9SI. ev
pcnditures Ol0 excess of expenditures SO
79S 0l9. Receipts for the fiscal year to da1a
Si6S9Oi52; expenditures 1893 24S sos: excess Of av
peuditures $i0.339 4i6.
SUB-TREASUR Y-The Sub Treasury was dab,o-
TO the Clearing House $,O4O 7i3.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13
VIEWS OF PICTURESQUE LONG ISLAND

A portfolio, IN booklet form, OF well selected
photographs Of picturesque points Long Island
Is now being issued by the passenger department
Of the Long Island Railroad at No. 263 Fifth-ave
Several dozen photographs are bound together in
dark olive green wrapper cover, eight inches by
six, without any !etterpress but the bare titles
and without descriptive matter the artistic
value OF the views is not marred by type and as
the leaves consist of high quality OF card
poaIo, printed on one side only, the pictures are
IN suitable shape for framing The title of the
booklet is Unique Long Island and those who
contemplate summer outing anywhere between
Coney Island and Montauk Point or who desire A
souvenir, would DO well to obtain copy before the
edition is exhausted
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13
DULNEss IN COKE TRADE.

scottsdale, Penn May 12-The slightly retarded
condition which has prevailed in the iron trade for
the last TWO weeks is having its effect on the coke
trade Both production and shipments last week.
were considerably below the previous V,eel,,e ro
port Tho car supply in the region Is abundant
but the furnaces seem to be well stocked with fuel
and are limiting shipments to their immediate
wants Ihere was also a greater number of nlants
IN the five day list. and the Indications ara tbat
thls list Will be increased next week
Inc production in the Connelsville region for +ba
week estimated on ovens drawn amounted TO
lseS tons, decrease OF 2s73 tons from the report
lor the previous week. The SHIPMENTS were pr9 s99
tons, being 1889 tons less than last week -0'''
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13
BIG ISSUE OF N. Y. CENTRAL BONDS.
Bankers Take 100000 of the o,OOo,-
900 Authorized

1t is officially announced that the directors OF
the New-York Central and Hudson River Railroad
Company have authorized issue OF $50 900 600 of
per cent thirty year debenture bonds, of which
100000 will be issued at ]. P. Morgan &
Co. have taken the entire issue and will offer
100000 of the debentures early week. The
price at which they are to be issued has not yet
been determined
1t is understood that the SSOoO0OOo bonds have
been taken by the bankers at %, which would
Inquire out S&,500000 the which the New
York Central will receive from the sale.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13

RAILROAD BONDS.-Market irregular Total
sales amounted in par value TO sl.s97OOO against
$,S2s,5OO on Wednesday. The heaviest dealings were
in the Atchson general As, Atlantic Coast Line A.
Baltimore and Ohio Southwestern divisionD 3las
Central OF Georgia second Incomes. Chesapeake and
Ohio 4lss. Chicago Alton S1ks Chicago. Burling
ton and Quincy Is. Northern Pacific S. Oregon
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13
DECIDES AGAINST THE 3. AND o.

Washington, May 12-The Interstate Commerce
Commission to-day decided the case of the Slade
Coal Company, OF Meyersdale Penn. against the
Baltimore and Ohio Railroad Company. The
commission holds that the defendants refusal 10
furnish to compliments at MeyersdaIe and
keystone Junction, while furnishing them to
competitors at other points undue and un-
lawful discrimination, for which the complainants
are entitled 10 reparation. 1t also holds the road
guilty Of violating the law in making certain
charges for the transportation of coal when loaded
by tpple, and eXacting a higher charge when
loaded in some other way.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13
LAKE SHORE DIRECTORS REELECTED.

The directors of the Lake Shore and Michigan
Southern Railway Company, at a meeting held in
this city yesterday. reelected all the old officers
The report for the last year showed that gross
earnings were S34,76S OS1. increase of $431s7S9
and expenses were S277u los. an increase Of 722
OIL leaving net earnings of s7O56 g26 a decrease of
ST. 403,302 The surplus for the year. after payment
OF fixed charges and dividends. $76l Ola a de-
crease of 81 81 S24. -
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13
OF |. & N. BOND SALE.

Announcement made yesterday that J. 2.
Morgan & Co. have sold the S23OGOGDO of Louisville
and Nashville Railroad per cent collateral trust
bonds which issued last year. Notice of the
dissolution of the syndicate which underworld the
bonds will be published next week. 1t IS under
stood that the syndicate will declare dividend Of
not less than per OF the proceeds obtained
for the bonds Sn 100000 applied to the payment
OF previous obligations, including a first mortgage
on the South and North Alabama road. The rest
OK the money went for other corporate purposes
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13
BANK OF ENGLAND RETURN.

London May 1.-THE weekly return OF the Bank
OF England shows the following changes: Total
reserve decreased f2S9OOO. circulation decreased
f56.c00 bullion decreased fiHe34. other securities
decreased 325 600 other deposits decreased Il 202 go
public deposits decreased f453 600. in
decreased f2530tO government securities decreased
ii3 90. Tho proportion OF the banks reserve to
liabilities is now fs.I2 per cent against 41.6S per
cent last week and compares with decline from
- 1916 per to 5Is per cent IN this week last
year. Tho rate OF discount was unchanged at
Tar cent
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13
London York New-York
close. equivalent. close On n
MONEY AND EXCHANGE.

MONEY MARkET.-N1oney call opened at u.
per cent; highest. per cent; lowest ia per cent:
last loan. per cent; closed 1i242 per cent; ruling
rate. per cent. Time money quoted at 21z per
for sixty TO ninety days. Pa per cent for four
months and 3Qi per cent for five and six months
Commercial paper quoted at SS4Q4 per cent for
sixty ninety days. 4q4l2 per cent for to six
months. and per cent for others
FOREIGN ENCHANGE-2farket closed Arm.
-.lcr Lrr-r tcs
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13
STATEMENT ABOUT MR.. QUINBY FALSE.
A. B. Goslin Arrested Solely as Result of
His Testimony.

It was learned yesterday that the statement
made by Alfred r. Goslin Wednesday that
Henry c. Quinby had brought about Goslins ar
raignment for perjury in return for Goslins
fusal TO employ him is entirely false. The warrant
against Goslin was based an affidavit by AS
slstant District Attorney Clarence s. Houghton and
is based entirely on Goslin's testimony in the
American Finance and Mortgage Bankruptcy pro-
ceedings before J. J. Townsend.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13
TO REDEEM COTTON MIL, eou,e

all River. Mass. May l2-The directors Of the
hIhe fhiilip Mlils have voted redeem bonds
TO the amount OF s2coO0O with interest rrbo -,
is one-hfth OF an issue of first mortgage bords
mace by the company in March, 1900 payable in
gold at the pleasure OF the company AZ mr.
mum OF per cent and interest at any time With,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13
PETTINeILL TRUSTEE APPOINTED

Boston, May 12-Howard D. Nash of this city
was appointed trustee to-day IN the case OF ITbert
n fet'lnglI' director Of The advertising agency of
fettinghl & Co, who recently filed a voluntary:
petition in bankruptcy, The appointment vvas
MADE by Mr. Farmer, the referee sitting in the
b6Ina lted states Bankruptcy Court for the Boston
I1istIlct. Sr- EettnS1Ts petition IN baplEr1Intcv
PAGES ms Liabilities NJ $4,000 with assets or mn
oer5 sat value Newspapers are the prtncinsl
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13
WHEAT BURNED IN CANADIAN ELEVATOR

Fort William. Ont, May l2-Firc which startad
early to-day destroyed Elevator b. ovned az
the Canadian Pacific Railway, and valued a.
$1,000 $1,000 mere was about three hundred thousand
bushels OF wheat in the elevator AZ tho 49, -
~ [osether with the structure Is total loss ,rr
s 0, TINS elevator VIII seriously cripple business
IA ac1 h,sghi aiSdVator -" had capacity OF
opersSsh oy 1000 horsepower engine was
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13
TReAsuRY,s DAILY TRANSACTIONS

Washington. May Irrational bank notes re-
ceived to-day for redemption. sl.32O0i6; receipts
from internal revenue. $40 ISL; customs. $3.50 ma
miscellaneous, S4.OG0; expenditures $l.5So000
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13
STOCK VALUES LOWER.
Heay Gold Exports ngiug Total for ek to s185OOO0O
Money Rates Slightly Fumer.

Short Line IS, Reading general As, St Louis South
western hrsts. Third Avenue A, Union Pacific first
and convertible As United Railroads of San Fran
cisco IS and Wabash debenture Bs. Consolidated
Tobacco As and United States IS also active.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13
EXPORTS OF DOMESTIC PRODUCTS.

The exports of domestic products from the prtns
cipa customs districts of the United States for TIA
month OF April and the ten months ending Aprl
compare follows for a series of years:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13
quotations We're:
STOCKS.

Closing prices yesterday of the principal active
securities and net changes from Wednesday
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13

The Lake Shore and Michigan Southern Railsr
Company has issued its pamphlet report for %
year ended December 81 last The operations fos
the year compare with those of 1902 as follows:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13
THE FEDERAL TREASURY.

Washington, May l2.-The condition Of the Treas
ury, division of issue and redemption at the be-
ginning Of business to-day follows:
RESERVE FUND.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13
AMERICAN SECURITIES ABROAD.

London May y. p. m.-The market for Amer
lean securities due small final changes.
Las, quota lions follow:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13
The DAYS OPERATIONS IN BONDS.

GOVERNMENT BONDs-Market steady. Flral
quotations follow:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-05-13
LAKE SHORES REPORT.

.s7lS7sl77 s69O. PSI. e72 sssS sOs.ss