davidaulloa/AmericanStories huggingface dataset:
Los Angeles herald., 1905-01-08
By Associated Press.

NEW YORK, Jan. 7.-Prices of
stocks were inclined to yield again to-
DAY but the pressure was not urgent
and any evidence of support in the
market tended to check the selling.
Such support developed for Erie and
Reading during the course of the first
hour that practically complete recov-
cry from the opening declines was
made. There was good demand for
Illinois Central, which was accounted
for by unsubGtantiated rumors of an
intended increase in the dividend rate
AT the recovered level of prices the
demand became so languid as to cause
fresh encouragement over the failure
to appear of the January reinvest-
ment demand and prices sagged away
again at the hast, making the closing
weak and dull.
Disappointment was professed over
the bank statement but the show
ing was not calculated to produce more
than a nominal influence with the eX
treme ease ruling in the money mar
ket.
The fact is not doubted that curren-
cy has started to move i'm strong tide
to this center and the failure of the
bank statement to reflect it is attlib-
uted to cross currents in the move
ment which confuse the computation
by the average system.
The metropolitan stocks We're weak
from special causes, notably the threat
ened competition for their suburban
traffic and their sharp declines had
a sympathetic effect on the rest of
the market.
There were persistent rumors. such
as have circulated for some days. that
the report of United States Steel earn
ings for the final quarter of the year
would prove less satisfactory than pre-
liminary estimates had promised.
There was much discussion of the
conference Of political leaders whlcn
was announced TO assemble at Wash
ington during the afternoon to consider
the program for congressional action,
including legislation concerning cor
porations and tariff revision.
The weekly mercantile reviews of
fered no grounds for selling stocks and
the enormous figure of the December
anthracite output was a fostering m
fluence upon the firmness of the coal
ers.
The favorable Industrial news failed,
however, to stimulate any demand for
stocks and the market for bonds was
also quieter than during the early part
of the week.
Total sales of bonds par value,
81 100000
Los Angeles herald., 1905-01-08
Financial Record
by Associated Press.

BY Associated Press.
NEW YORK, Jan. 7.-Close-Money
on call was nomipal; no loans.
Time loans were easy, with sixty ana
ninety days at 3@3 IA per cent, and
six months at 1-4M3 1-2 per cent.
Prime mercantile paper 4p4 IL per
cent.
Sterling exchange was steady with
actual business in bankers bills at
$4,S725D48735 for demand and at $4.S49
614.S5 for sixty day bills.
Posted rates, $4.S5 1-2@4SS.
Commercial bills, $4S4 1-4@3-4.
Bar silver, 60 5-Sc
Mexican dollars, AZ 1-2c.
Government bonds steady, railroad
bonds steady.
LONDON, Jan. 7.-Consols, SS 1-2d;
silver 27 15-16d.
Los Angeles herald., 1905-01-08
STOCK QUOTATIONS LOW AND
MARKET LkNGUlD
United States steel Earnings a Dis
appointment-Money and PoIit-
ical Questions Discussed by
Brokers on 'chanee
ANOTHER DULL DAY
IN STOCK TRADING


+ Lower prices prevailed at the i
i opening of the stock market yes !
8 terday.
q Union Pacific fell SIS and United
+ States Steel preferred, Amalga-
+ mated Copper, Tennessee Coal and (
4 Southern Railway 1-2. Erie second I.
{. preferred rose 1-2.
&. Amalgamated Copper and
I. number of other specialtes were |:
+ sold freely at intervals, and the }:
Il Western Railroad stocks also be- (
&. came quite weak. Losses reached /
= point in Amalgamated Copper.
= Tennessee Coal Westinghouse !.
Z Electric, Sugar, Metropolitan Street ::
Il frailway Metropolitan Securities
8 and Central of New Jersey and
~ 1-2 in st. Joseph and Grand ISL
Z, and. !
4 Brisk demand developing later !,
Il for Reading and Erie, prices raj ::
q lied substantially Illinois Central, .
&, Erie second preferred, Hooking
I Valley preferred, Northwestern and !:
i Pacific Mail sold 1 to 1 IA above !;
I Friday and Consolidated Gas 1 IL. :;
y Trading became very dull later
,Tand the recovered price level was
4 partly yielded. The bank state !.
I ment showed a small loss of cash J:
.fin place of the expected large in !
4 crease. ::
3 In the final dealings. Metropoli
Z tan Street Railway ran off IA, (
j, Securities 1-2 and Missouri Pa !:
!. cific a point.
.. a. . :
Los Angeles herald., 1905-01-08
Chicago Live Stock

CHICAGO, Jan. 7.-Cattle-Receipts,
SEQ; market steady Good to prime
steers, $5.5OQ6.O0; poor to medium, $3.50
@5.5O; stockers and feeders, S2.4O4
425; COWS, S1.255045O; heifers, $4,000
500; Gamers. $1,25@25O bulls, $4,000
45O; calves, $3.00@70O,
Hogs-Receipts today 10000; Mon
day 100000 Strong. Mixed and butch
ors, $4359465; good to choice heavy,
$4.6OQ47O; rough heavy, $4.4O@4,5O;
light, $4,SO@455; bulk of sales, $4.45u
460
sheep-Receipts. 5000; sheep steady,
Lambs. steady. Good to choice weth-
ers. $4S5Q5.50; fair to choice mixed,
$4,OOQ475; western sheep, $4OO@55O;
native lambs, $5.50Q760; western
lambs, $575Q740.
Los Angeles herald., 1905-01-08
New York Bank Statement

BY Associated Press.
NEW YORK. Jan. THE statement
of averages of the clearing house banks
OF this city for the five days of this
week shows:
Loans, 1,O69, TAP, 700; increase, $3,O41,-
SEQ; deposits, $1,1O9 16S,600; increase,
$5,1195OO; circulation, $43, 49, 400; in
crease, 1927, 100; legal tenders, $S5, 400;
increase, $4O75.5OO specie, $2O3,6S4. 900;
decrease, $4,S70, 500; reserve, $780,
400; decrease, $795, 300; reserve required,
$277, ,292 $50; increase, $1279,S75; surplus,
$11 ,6OS, $50; decrease, $2,075,175; eX-Unit-
ed States deposits, $17, ,3O6,05O; decrease,
81 1874 425
Los Angeles herald., 1905-01-08
Bowen & ChamberIin
A money-maker on San Pedro street
$1,000 profits on $4,000 in 60 days.
44o DOUGLAS BLDG.
Home Phone 2472.

Fancy creamery, 23c; seconds, 19c; fan
cy dairy, 19c; seconds, lie.
Cheese - Eastern, 13@15c; young
America, IL 1-2@12 1-2c
Eggs--G. s. Ranch, 32@37 lie; store
30032 1-2c.
CHICAGO, Jan. 7.-On the Produce
exchange today the butter market was
irm-Cieamery, 1S@2Sc; dairy, II 1-2@
24c.
Eggs-Steady at mark, 19@25c.
Cheese--Steady. 11M12c.
Los Angeles herald., 1905-01-08
Cereals of the World

NEW YORK, Jan. 7.-Wheat spot
firm. Options closed 1-S@1-4c net ad-
vance. May closed $1.16 1-S; July
closed $1.03 IA.
LIVERPOOL, Jan. 7.-Close. wheat,
March, rs 1 3-Sd; May, rs 7-Sd; July
rs Id.
SAN FRANCISCO, Jan. 7.-Wheat
easier; May. $1.46 5-S; December,
1888 1-2; cash, $l.5O.
Barley, easier; May, $1.14; cash,
$1.16 IA.
Corn, weak; large yellow, $1.22 1-2@
1.30.
PORTLAND, Ore, Jan. 7.-Wheat.
for export; Walla Walla, Sic; blue
stem, Soc; milling, Walla Walla, 85c;
bluestem, SSQ9Oe: valley, Sic; eastern
basis-Walla Walla, SSqS5c bluestem,
soc.
TACOMA. Jan. 7,-Wheat un-
changed; bluestem, SSc; club, S5c.
Los Angeles herald., 1905-01-08
London Board of Trade
BY Associated Press.

by Associated Iiesh.
LONDON, Jan. THE December
statement of the Board of Trade shows
an increase of $2,62S, 500 in imports and
$17, ,29S, 600 in exports. The chief in
crease in exports was in cotton IA
brics, $S,S4S.S10, and wool fabrics,
So, ,1O9 4S0. The increase for the year
was $43,SO9,1 ,175 in imports and $5O,0SS,945
in exports.
Los Angeles herald., 1905-01-08
CHICAGO GRAIN MARKET
Slight Improvement in Wheat and
Corn Quotations

| BY Associated Press.
| CHICAGO, Jan. IA steady tenden-
cy was evident in wheat at the open
ing. There was a slight improvement
in quotations, May being unchanged
to is higher at $1.15@1-S. One of the
factors was the firm tone of the Liver
pool grain market. Another factor was
the continued light movement of wheat
in the United States. Some local
longs, anxious to even up trades over
Sunday, sold moderately short atter
the opening, causing a slight recession
in prices. May eased off to $1.14 "a
@7-S. Subsequently the market in
gradual way developed a fair degree OF
strength and prices made good au-
VanceS. The cash wheat situation was
again bullsh at st. Louis and MIME
apolis. A prediction by well known
British crop statistician that shipments
from Russia would show a decided IN
crease in the near future added to the
strength of the market here. Trading
was more active during the last part
of the session, shorts being fairly llD-
eral purchasers. The market closed at
the highest point of the day with May
at $1.15 1-2
The market for corn showed more
strength than has been manifested for
scme time. Bull influences We're firm
cables and small acceptanceS from the
country. May closed at A l-2c.
Oats were quiet, May closed at 80 rs
@31c.
lard from leading packers the proVl-
sions market was weak the greater
part of the day. At the close May
pork was off 10c, lard was down DC
and ribs were 2 1-2c lower.
Market Ranges
Wheat-No. 2, May, $115 IL; july
SO 7-Sc.
"A 1-2c; July, 45@1-Sc.
Oats-No 2, Jan. 20 5-Sc; May
3O@31c; July, SIC
Cash quotations were as follows:
Flour-steady Winter patents, S5lO
@5.2O: straights, $4,SO@50O; spring
patents, $5,OO@55O; straights, $45OQ
w Wheat No 2 spring, s1.1O@1.15; No.
8, S1.OO@11S; No. 2 red, $l.l6 SAG
c corn-No. 2, 40 Lee; No. yellow
oats-No. 2, 80 1-2c; No, white,
SO@31c.
Rye-No. 2, 75c.
Rarley-Good feeding, 36@37c fair to
choice mailing, 41@4Sc.
Flaxseed, $1,15; No / northwestern,
Timothy seed-Prime, $2.75 1-2.
Mess pork, per bbl., $12.15@12.25;
lard. per 100 lbs. $662 1-2; short ribs
sides, Qoose), $6.12 1-2Q6.25; short clear
sides (boxed), $6.5OQ662 10.
Whisky, basis of high wines, $1.24.
Glover contract grade, $1275.
Los Angeles herald., 1905-01-08
SUGAR and Coffee
BY Associated Press.

by AssOcIHIed I'Itss.
NEW YORK, Jan. .-Sugar-Raw.
firm; fair refining 4 3-Sc; centrifugal
90 test, A 1-Sc; molasses sugar l-Sc;
refined firm; No. 6, $5.25: No. Z. $500;
MO- MO- S0G sGsO NO NO. SIO' is sass @ II NO. s0G Is
SAYS; No. IA, $47O; confectioners A,
$40; mould A, $500; cut loaf, $3.50;
crushed, $685.; cubes, $6.10.
The market for coffee futures closed
steady at unchanged prices to an ad-
vance of points. March. HS0Q790;
April, $7.95; May $S10QS.15 Sept. SS4b
QS50; October, $S,55; Dec. $S.65QS.7O
Los Angeles herald., 1905-01-08

ST. LOUIS, Jan. 7.-Wool nominal
Territory and western mediums, 21@
22c; fine mediums, 17@1Sc; fine, 16@17c.
Los Angeles herald., 1905-01-08
The M etal Market
BY Associated Press.

NEW YORK, Jan. THE metal
markets were quiet today but ruled
generally firm. Tin is quoted at $29.25
@296O; copper is held at $l5.S7 l-2@
trolytic, and $14.S7 1-2@15.12 1-2 for
casting.
Lead is firm at $46OQ4.7O, and spelter
at $6.1O@615, with some dealers ask
ing $500 for prompt delivery.
Iron holds very firm with inside
,,rioas rrocticallV nominal
Los Angeles herald., 1905-01-08
Gold Shipment

BY Associated Press.
NEW YORK, Jan. 7.-Baring, Ma
goun & Co., will ship $25O,00O in gold
coin to Buenos Ayres next Wednesday.
Los Angeles herald., 1905-01-08
Northern Oil
BY Associated Press.

BY Assoclateu PTtbs
SAN FRANCISCO, Jan. H-Call-
fornia Stock and Oil exchange, morn
ing session. Sales: 100 shares of Home
Oil
Los Angeles herald., 1905-01-08

Everything you want you win find in
the classified page. a modern encyelo-
pedia. One cent a word.
Los Angeles herald., 1905-01-08
Boston Stocks and Bonds

BOSTON Jan THE following were clos
ing prices for stocks and bonds on the stock
exchange today:
Los Angeles herald., 1905-01-08
New York Stocks and sonds

NEW YORK, Jan. 1.-THE following were
the official quotations for stocks and bonds
on the stock exchange today:
Los Angeles herald., 1905-01-08
New YORK Bonds

NEW YORK Jan. THE following were
he prices for bonds on the stock exchange
oday.
Los Angeles herald., 1905-01-08
Butter, Eggs and Cheese

BY Associated Press.
SAN FRANCISCO. Jan. z-Butter-
Los Angeles herald., 1905-01-08
San Francisco MlnIna Stocks

SAN FRANCISCO. Jan. The official clos
ing quotations for mining stocks today were
Los Angeles herald., 1905-01-08
Cotton and Wool
BY Associated Press.

NEW YORK, Jan. 7,-Following is
range of quotations today:
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-03-08
The Issue in Chicago.

Mr. Joseph Medill Patterson, the
managing editor of the Chicago Trib-
une, has resigned to take the stump
for Judge Dunno, the democratic nomi-
nee for mayor. Mr.. Patterson is the
grandson Of Joseph Medill, the founder
Of the Chicago Tribune and a war
time republican leader and friend of
Abraham Lincoln. His father is Mr..
R. W. Patterson, the present publisher
and controller of the Tribune. Mr..
Patterson senior says, in a statement
from Washington, that he and his son
have parted company in business thru
an honest difference Of opinion and that
the Tribune will continue to support the
republican nominee, Mr.. Harlan.
The issue in Chicago is the. owner
ship of the streetcar lines. The street
car franchises have all expired and the
companies are running on licenses pend
ing a settlement of the: question. Mr..
Harlan, the republican nominee, stands
for the renewal Of franchises to the
private owners, while Judge Dunno, the
democratic candidate, is on platform
calling for municipal ownership.
Mr.. Patterson, Jr., was elected to the
legislature two years ago on public
ownership platform and has distin-
guished himself in civic reform move
ments. His present, attitude is said to
be Indicative of the turning over Of q
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-03-08

some satisfaction for them in knowing
that there are firms thru which they
may trade and may back their Judgment
with confidence that whatever the OUT
come they will at least be treated fairly.
Here, then, is where the charge Of I'M
fairness lodges against the bucketshop.
A man placing trade thru legitimate
dealer knows that his order to buy or
sell will be executed in the pit or trad
ing center of the exchange. The profit
Of the legitimate commission firm is the
brokerage charged for the service.
The bucketshop man makes no trades
with any exchange, but puts all bust
ness down to himself. Hence when the
market moves far enough either way to
offset the margin the trader has depos-
tied, the bucketshopper pockets the en-
tire amount. It is highly profitable
business when it comes right, and into
it go many men Of business capacity of
a high order who might do something
better, but who give way to the desire
to get money easily.
But there always comes a day Of
reckoning. Some day the market
moves in one direction steadily for a
long time, without reactions heavy
enough to shake out the traders and
give the margin to the proprietor, and
then the bucketshop man has to pay up
or quit. ~
That was the history Of the Minneap-
oils shop, which grew and -fourished like
a weed, and died in a short season of
adversely. .%
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-03-08
TO HONOR ST. PATRICK
BIG EVENING ENTERTAINMENT
WILL BE GIVEN AT THE AUDI
TORIUM MARCH IL.

st. Patrick's Day-Friday, March II
will be celebrated by the Roman
Catholic parishes Of the city, but no
parade will be held. The pro. cathedral
parish of the Immaculate Conception
has secured the new Auditorium for the
evening service. The following pro-
gram has been arranged: -.
Promenade concert
Apollo Mandolin Orchestra.
((a} OFT In the Silly Night: Thomas Moore
Thomas Moore
- By this Arion Male Quartet.
(b} National melodies .: Cha tterton
By Miss Dellone.
Defamation by Hugh O'Donnell, assisted by Miss
(a) Tie Water Mill General McCullum
Sb1 T m,nnsr First Ride General Mcculum
By Charles Laird.
Address by William Louis Kelley.
tb} Irish Love e s Song ieb@ar
~ By Mrs: W: n Porteous. N ~
Land of the Harp Henry
(a} Bendemeers stream .:.::....:.......M Moore
By Miss Frances Vincent
By the Arion Male Quartet. -
High mass will be celebrated by the
parish of the Immaculate Conception
at 10 am.
st. Charles parish will hold services
at Woodman hall, Cedar avenue and
Two-and-a half street Musical mum
bers will be given by Ernest Ganley
the Stanley Hall quartet, the Misses
Morrill,, Malvern and Foye, Harry John
son, Miss Patti Linduer, Joseph Brown
Will O'Keefe and Miss Florence E.
Parks. REGULATIONS will be given by
Meaney. The address, "The Day We
Celebrate Will lie given by Fathe,
j: NJ. Cleary.
Holy Rosary church will hold ser
vices at 8 am, Father j. T. Fowler
O.S., being the speaker.
Father James O'Reilly of st. An
thony parish will hold high mass a.
10 am. A literary and musical enter
tainment is planned for the evening a
HtSt: Anthony hall. The principal speake
will be DR.. P R. Hebron, rector O
st. Paul seminary.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-03-08
BOOK NEWS
AND GOSSIP
THE UNEASY CHAIR

MARK TWAIN HOLDS THE CAR UP
TO SCORN.-Mark Twain in the March
number Of the North American Re-
View does not fay the car, but he
does the next best thing-he strips him
OF clothing and then holds the result up
Tor the contempt of the world as "a lank,
skinny. spider-legged libel on the image
of God" We may differ from Mr.. Glen :
ems as to the entire propriety Of his COM
par1son. but we cannot question the force
OF It, Mr., Clemens goes on to show that
1t is not the czar but his clothes that No.
OOO, 900 people do homage to. Added forca
Is given the reflections by putting them
into the mouth Of the czar himself, as he
energies from his bath and catches sight
Of himself in a pier-glass. The whole
thing Is thoroly Twainesque, and is a hit
at the Worshipers of royalty as we'll as
the things they worshir. Here Is part
Of it:
There is no power without clothes. 1t is the
power that governs the human race. Strip it's
chiefs to the skin, and no state could be gov
erned; nake1 officials could exercise author
ity; they would look land be) like ever! body
else-commOnplace. inconsequential. A police
man In plain clothes is one man; in his uni
form he Is ten.r Clothes and title are the most
potent thing, the most formidable influence in
the earth. They move the human race to willing
ana spontaneous respect for the judge, the gen
eral, the admiral the bishop the ambassador,
the frivolous earl. the idiot duke. the sultan,
the king, the emperor. No great title is efficient
without clothes to support it. In naked tribes
OF savages the kings wear some kind Of rag
or decoration which they make sacred to them
selves and allow no one else to wear. The
king Of the great Fen tribe wears a bit of
leopard-skfn his shouldn't is sacred to
royalty; the rest Of him is perfectly naked.
Without his bit of leopard-skin to awe and I'M
press the people, he would not be able to keep
his job.
George Horace Lorimer has signed a contract
with Charles Frohman for Il play founded on
"Old GOrg0n Graham" Paul Potter is col
laborating with Mr.. Lorimer. The play will
be produced next autumn. 1t is said that NJ. H
| Crane is being considered for the part Of the
! epigrammatic Chicago pork packer.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-03-08
What's the Rush.

The discovery Of the maple syrup
woodchuck in the pure food chapter Of
the new code only serves to empha-
size the danger Of the passage of the
new code at this session. This wood
chuck was found and yanked out by the
tail, but what assurance is there that
a lot more, bigger and more dangerous,
have not crept in that will not be found
until too late? -
The house is going to pass the code,
but the house is taking big risks. The
business interests Of the state and the
public interest and general welfare are
not all that may suffer from such &C.
ton. The reputation of the house itself
is menaced by such hasty and reckless
work. There is said to be good deal
of politics in the determination Of the
house to put thru the code at this SEES
sion; there may be lot Of politics in it
later on if that happens.
Meanwhile, what's the rush9 Who
is suffering for this new codes Does
anybody know Of any interest that will
be damaged by a little more delay-de
lay enough to make sure Of having the
work done right7
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-03-08
Giving Away State Property.

It does no particular harm for the St.
Paul representatives in the legislature
to declare in favor of deciding back the
old capitol site to the Bazille heirs.
Their action may please the heirs, who
are influential constituents, but it is not
to be conceived that sixty votes in the
house or thirty-two votes in the senate
could be secured for any such PROPOSE
ton. The state has been giving prop
erty away at the cost Of considerable
scandal, and the legislature will hardly
assume the Santa Claus role just now.
The old capitol site belongs to the
state in fee simple and unconditional.
1t has been used for capitol pur-
poses for nearly fifty years, and the
building that stands on it is still tech
nically the state capitol. The state will
need it in the future, and it cannot be
given away under the pretext that the
state has no further use for it. The
state will either use the old building or
erect a modern one within few years,
and will have plenty Of uses for it.
The heirs have a shadow of a claim,
resting on reported verbal agreement
between Charles Bazille and the state
I authorities. Their claim has no stand
ing in law, however, and as long as the
site is used for capitol purposes, it has
not even a moral foundation. The
heirs would like the property, no
doubt, but that is no reason why the
legislature should be troubled with en-,
largement of the heart.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-03-08
The Bucketshop.

The final chapter in the history OF
the greatest illegitimate commercial
enterprise in the northwest was writ
ten yesterday in the story of the down
fall Of a Minneapolis bucketshop. Built
from small beginnings, and founded,
as all such institutions are, upon un-
sound principles, it. came to grief, as
all do in time. This business served
no good purpose; it played no part in
the commerce or finance of the country;
it served as medium for the promo
ton Of the spirit of gambling and en-
couraged speculation Of the rankest
sort. Its downfall is a blessing.
Were it only that a great many peo-
pie who can i'll afford to lose money
have been drawn into the net and have
suffered losses, one might dismiss the
matter without extended comment, for
some people are fools, and always there
will be fools, and it is difficult to see
just how the law is to safeguard them
if they insist upon losing their money.
But the bucketshop as an institution
is curse. 1t begins usually, as did the
one here, in small way, and if it has
fair patronage and conditions are ia
vorable, quick growth follows. In the
! Minneapolis case the business was
marked by rapid extension thru the
country.> From the local headquarters
there ran out lines of communication
to smaller cities and towns. Like a
gigantic devilfsh, it spread it's tentacles
over the country, and thru them sent
out the poison that in some instances
corrupted the morals and dragged down
the commercial honor Of communities
| The doctrine Of quick wealth as op
posed to the old-fashioned idea of slow
accumulation, is the doctrine Of the
bucketshop. It is false doctrine, de
moralizing teaching. :, Y
The ethical. view Of the bucketshoI
is wholly bad. The gambling spirit il
inculcated in the minds Of people wht
have no money to lose and who have NJ
business to speculate. Just in proper
tion as the people break away from
sound and safe ideas and are Ssislet
into the belief that, by trading a4n. tn,
bucketshop they can make money rap
idly and easily, SO the shop thrives. I
is no respecter Of age or condition. +
takes in all, and rarely gives up any
thing. s.-e
t There are, in all grain trading cen
tiers, firms which deal in the product
of the farm, who serve their part in tn
handling and marketing of the grea
crops of the country. These firms ow
their existence to the farmer. Tn
production Of 2,5OO,0OO,OOo bushels O
corn, Of 6o0,00o,oo0 bushels Of wheat
and of variety Of other produce tina
in a normal year makes the agriculture
wealth Of the United States approx
mate $3,500,OOo,Ooo, accounts for til
many who take a part in the great wor]
OF turning these products into cash
All do not play the same part. Som
firms give more attention than other
!, to the speculative branch Of the graf
trade and, for the most part, this bus
mess is carried on honorably and fairly
If people will speculate there is at leas