davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1906-01-02
HEAVY DECLINES
ON COTTON MARKET

NEW. YORK, Jan. "A lot of cot
ton came out on stop orders at the open
ing OF the local market this morning
and prices started weak at a decline of
Is to II points. The late months show
ed the greatest decline and the break
was soon increased to 20 points on
July. The selling was started by the
cables. which came much lower than
due. and the private wires wer also
bearish, the heaviest short selling was
by the room element. Under this heavy
pressure the list continued 10 decline
The trading was very active.
Opening prices We're: January, 1115
ole; February, -; March, 11.46 a AZ;
April, 11.51Q 81; May, 11.6O061.
The Washington times., 1906-01-02
TREASURY DEPARTMENT
WILL ANTICIPATE INTEREST

Secretary Shaw announces that the
Treasury Department will anticipate the
payment of interest due February /.
1895. on Government bonds Coupons
due on that date will be paid at once
on presentation at the Treasury and
the several Sub-Treasury offices
Interest checks on registered per
cent bonds of 1908 will be mailed within
few days and on registered tours OF
1928 within a day or two after the clos
ing of the books on January Is The
amount of interest anticipated is about
81. 100000
The Washington times., 1906-01-02
THE CABINET MEETING
DRAWS OUT ALL HANDS

The Cabinet met :oday tor the first
account OF the adjournment of Congress
on Thursday. December p. there was o
Cabinet meeting. ana, according 10 the
usual custom there were no meetings
during Christmas week. The meeting
todaY was attended by fuIl Cabinet.
The Washington times., 1906-01-02
THIS WILL PLEASE
THE LONDON TIMES

Secretary Loeb this morning made
a semi-officiaI denial that President
Roosevelt had either recently or at
ally other time expressed to an Eng
party would be successful in the elec-
tiOnS
The Washington times., 1906-01-02
NEW SECURITY STORAGE
COMMANDS HIGH PRICES
Rights to Subscribe Sold DIT Valuation
of SI6o Per Share for Eew
Stock

An apathetic condition of and in
difference to prices was reflected on
the local stock beard today by the
very limited amount Of trading. The
attendance y-as good, but the lack OF
commission business was plainly ap-
parent. and me unwilIingness in view
of the prevailing high money 10. speeu-
late on their own account by the va
rious members who deal in that way
curtailed the trading
The feature OF special interest was
the selling OF what are known as the
rights" on the American Security and
Trust Company stock, giving the
privilege TO subscribe for the new
stock of the Security and Storage
Company, which is about To be estab-
nshed as q separate corporation The
demand began brislSly at $3.50 rapid
ly advancing 10 50. at which price
nearly 1000 were dealt in. The hold
CT or eaeh 20 shares American Secu-
rity Company stock Is entitled To sub
scribe to / share OF the new stock. and
hence. : each right" sells for SO. it
gives = value Of S1.60 per share for
the stock or the new company.
t'"S StONN Was pleniNul AT % =, Dut
recorded transactions embrace but two
lots of % shares each.
Tie demand for Mereenthaler was
'.oniined 10 one bidder. while offers to
sell We're heard on every side The
I'rices We're brought closer together than
or some time. closing at Ie0 bid. with
the asking price only a half point higher.
Some unexpected selling in the stock
Of the Norfolk and Washington Steam
boat Company found market for hf-
teen shares at 800 and an offer 10 pay
80 for nifty or 39S for ten more
Small sales Of American Bank a $50
and two lots of five shares each Real
Estate Title Insurance at 81 and SUa
were part of the days business. The
latter selling was something in the ma
tuTe OF surprise, as the buying came
from an unexpected quarter.
The Washington times., 1906-01-02
TIE GLOOMY RISE BAcHELoR.

The police of Andover, HAMPSHIRE.
England have been so active In arrest
ing motorists that the latter have boy
catted the town. to its loss In a very
heavy sum during the last year The
motorists even stopped their sgbscrip-
tions TO local charities.-kansas City
journal
The Washington times., 1906-01-02
ST. PAUL ANNOUNCES
NEW ISSUE OF STOCK
Contingent on Future Conditions of the
Monetary Situation.

NEW YORK, Jan. 2-The statement
comes today from high sources that If
the monetary situation becomes more
normal, announcement will be made
during the present month, that the di-
rectors of the st. Paul railway have de-
cided to issue to shareholders. at par
the twenty-five millions of stock
authorized by the stockholders in 1902
The statement Is made that this step
would have been taken In Decem ber. ex-
cept for the condition of the money
market. So far as can be learned. the
directors have not yet decided whether
they will issue 500. O.00O, zoo, 4 per cent
convertible bonds or an equal amount
of 312 per cent straight mortgage
hOudS
The Washington times., 1906-01-02
MARKET ACTIVE
AND IRREGULAR
Decline Follows Quickly
Upon Rally.
FLUCTUATIONS IN ANACONDA
AtchisOn Strongest Feature of Rail-
road List-UniOn Pacific Sup
piled on Large Scale.
FLUCTUATIONS IN ANACONDA

NEW YORK. Jan. 2.-The stock mar
ket after the opening was extremely ae-
tive and irregular. with fairly strong
tone in the first few minutes. followed
by decline, rally and then again by
another moderate downward movement
Interest still centers in the money situa-
tion.
The widest fluctuations were in Ana
conda, which sold up To Dos, and then
sold off TO 80. Amalsamated sold at
1lll& AT the opening, then falling to l09.
Buying orders from many sources car
fied the price above 110 but met with
renewed selling. Reading. after reacring
TO 1894, rose to 141sS Atchison was the
strongest feature OF the railroad list.
and advanced 10 902s.
Union Pacific seemed TO be supplied on
a large scale by some of the recent
heavy buyers, and after selling at 150si
IN the nrst Few minutes, declined to l49la.
1aNen altogether the market Is big and
broad, with heavy realizing prOfit-tak
sales, supplemented by aggressive raids
by bear traders.
Government bonds were unchanged:
others steady.
The stock opened thoroughly strong.
Steel common was up IS to L; Union Pa
clfic was unchanged: Anaconda ranged
from Z TO per cent higher; Amalga-
mated was up Variously from per cent
10 y per cent; Smelling was up IL;
American Locomotive, is TO @ls. st. Paul
was nOminaliy heavy. The International
Hist was a to 3 higher.
The London market for Americans
came strong at prices ranging from 3 to
y above parity. In the opening hour here
prices were erTatic with striking changes
both ways Anaconda opened up Z
points, 10 2sS and almost as quickly was
10 points. Amalgamated Copper was
strong. reaching nllA. but was unable
20 hold the high figure
Money loaned in the first hour as high
as 80 per cent. s., 100000 being reported
as having been taken at that rate
Around the noon hoy 5he rate got down
10 30 per cent. hsFseems to be The
opinion OF most EOOd judges that the
high rates Will ]iO.d for az least ten to
fifteen days longer. and it is hardly OK
pected 70 see the rate below 80 per
cent during that time.
Gates & Co. in their circular to-
day have this to day: I'VE feel that
our valued clients have Jared well du--
ing the past year and congratulate
them all. We fully expect 10 see the
volume of operations exceed those Of
last year and also predict record prices
viii be made in many issues over those
OF last year. All the indications point
TO continuation of the general pros
perity for months TO come. and while
We expect reactions and good ones, We
believe the general trend viii be up
ward for some time 10 come.
Announcemt mt was made at the
Treasury Department today tnat the
payment or interest due February / on
Government bonds. will be anticipated.
Payments will begin at once. The
amount thus anticipated Is about Sl.1O0
OlO
The Washington times., 1906-01-02
ANNUAL ELECTIONS.

The board of directors of the Wash
ington Market for the year 1906. al the
annual meeting held yesterday. was
elected as follows; Messrs. Paul Butler.
NJ +. Chandler, Lloyd H. Chandler.
John Cassells. William ). Carter FrenL
II. Chamberlin, William V. Cox. S. ~,
Curriden, George w. Gray, n. G. Ord
way. Edw r. Tucker. Edw. o. Whit
ford and J.. C.. wilkins. The officers viii
be elected by the board during the pres
ent week.
At the annual election of the Ffremen's 5
Insurance Company, held today, the fol-
lowing were elected as for the current
year. \. A Wilson. =. G. Davis William
J. Wilson, Frank Hume. r. g McCau-
lev T. G. Ainsworth. Edward Derrick.
Samuel s Lutz, George W. Moss. r. A.
Casilear. r. u. Jones. John Quinn and
NJ J. Adler; The board VIII meet to-
narrow to elect oeaGers.
The Washington times., 1906-01-02
NEW YORK COTTON MARKET.

NEW YORK. Jan. 2-The following
prices were quoted on the cotton market
today.
The Washington times., 1906-01-02
IN THE WORLD OF FINANCE
NEW YORK STOCK MARKET.

Reported by ". h. Hibbs & Co. 14is F
street. Members New York Stock Exchange,
Chicago Board OF Trade. and Washington
Stock EXCHANGE
The Washington times., 1906-01-02
Weekly Bank Statement Misleading.

"The question of the weekly bank
statement Of the associated banks OF
the city OF New York has of late re
ceived q great deal of attention on the
part of the clearing house and the
press OF that city and the almost utter
wOrthleSsnesS OF this statement as a
guide 10 local financial conditions is not
only reco8 8nIzed by the public. but ls
openly admitted by the banks them
selves. This unsatisfactory condition
cannot be Temeuiei unless. nor until.
some system is adopted which will IN
Clude the condition Of the trust com
panies in the weekly returns OF the
clearing house. No voluntary action
upon the part OF the Clearing House
Association and the trust companies
will insure any lasting remedy for the
evil. and that IL is an evil no one at all
familiar with the situation viii deny
The deposits and loans In the trust COM
pauies located IN the city OF New York
amount 10 nearly as much as those In
the banks belonging TO the Clearing
House Association. ana they are, there
fore. equally important in determining
tie weekly condition OF financial af-
fairs
The Washington times., 1906-01-02
NEW YORK BANKS
IN FINE CONDITION
Annual Report of State Superintendent
Makes Several Radical Suggestions
of Needed Changes.

Tie annual report of Frederick d.
EiIburn. State superintendent of banks
OF New York. Just issued, goes largely
into the question of savings banks.
trust companies. and the danger of
bank competition.
On the subject Of savings banks he
advises that limit should be fixed 10
the aggregate amount that any one per-
son may have on deposit Ia any savings
bank 10 prevent the use Of them by
people OF independent means and bust
ness capabilities for investment pur-
poses.
las pointed est in my report for 1858.
il viii hardly be disputed that the great
er portion of the business of most trust
companies is a general banking business.
and, this being so. and admitting that
there is good reason Tor providing that
banks Of deposit and discount be obliged
to keep reserves, the same obligation
would seem u apply 10 trust companies.
and fgs. the. same reasons
The Washington times., 1906-01-02
Danger Of Bank Competition.

Il can but look with fear and misgiy-
ing upon the competition for deposits
which has arisen III the last few years
among and between the banks and trust
companies OF the State. This competi-
ton is SO great that unusual, aud. in my
opinion, unwarTautoi rates Of interest
are paid to depositors. Competition in
banking Is not Ike competition in meF-
camille and other branches Of business.
The banks and trust companies are deal
ing with the peoples money. As 1 have
frequently pointed out before, the pay
ment OF undue rates OF interest upon
deposits IS necessarily followed and nat
uraliy SO. by q GcsiIe on the part Of an
Institution to obtain the greatest pOssi-
BILE rate upon its loans ana Investments.
This. in turn. strongly tends % loans
ana investments Whica in other circum-
stances ordinarily prudence would re-
1ect. l regard this competition and It's
attendant results as the greatest menace
to baking in this State today.
The reports OF trust companies To-
Gated in the State OF New York showed
on November 8:
Due depositOrs. inc. ding
banks and savings OauAS--.- 3, IL. o.. 3ls
Deposited IN banks ----------- i11.lld. l53
Cash On hand. nd.-.-.-----.--.-----. 22.5l3. .J5S
The Washington times., 1906-01-02
Scarlet Fever There.

There is sickness in the Mexican en-
bassy-scarlet fever. For several days
one of the children Of the ambassador
has been suffering from the disease and
the health officers. strictly following the
rules or the office. decorated the carved
panels or the front door with the usual
alarming placard
This naturally was anything but pleas
ing 10 the distinguished diplomat. but
Immediately. ne chose To silently submit
TO the laws or The Health Department
OF the city to which he IS accredited.
Perfectly well. himself he was forced
TO give UP his morning walks and after
noon drives. worst Of all. the new am
bassador was compiled To fOrego the
first opportunity 10 participate in the
grand reception given by the Preside.
and Mrs. Roosevelt. and also the recUD-
tion 10 the diplomats given BY Secre-
tary Root.
Senior GodOy Substituted.
As q result Of Ambassador Casasus'
Inability to attend the different New
Year receptions. Senor Jose +. Godoy,
first secretary Of the legation, and, until
the ga 3aisadoT's arrival, the charge
d-afIsirCs. represented the republic OF
Mexico and conveyed the greetings 81
President DiaZ and the ambassador 10
President Roosevelt
The Washington times., 1906-01-02

The following deaths were reported at ths
Health Department within the past forty
eight hours:
The Washington times., 1906-01-02

Gas stock was plentiful at 59I.. but
recorded transactions embrace but two
lots of % shares eaca.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-10-18
Illinois Central
EXCURSION RATES

Excursion tickets will be sold by
the Illinois Central. to the points, and
at rates, las follows:
TOURIST RATES.
Tickets on sale commencing Novem-
Der l.. 1906, and daily during the winter,
with long limit, to Hot Springs, Ark,
Vicksbure, Miss, euIfport, Miss, Ham
mond, La, New Orleans, La, Havana,
Cuba; Colon Panama, and many other
points in Mississippi, Louisiana, Flor
ida, Cuba, Porto Rico, Texas, Mexico,
Arizona, Colorado and California.
Write for rates and free folders or
booklets about any Of these points.
One and One Third Faro on
Certificate Plan.
Cedar Rapids, Ia, Iowa State Dairy
ssociation, Nov. 10.
Albert Lea, Mimi, Celebration Fiftieth
Anniversary of Dano- Norwegian Bap-
list Churches. Nov. 1913.
Open Rate of One and One
Third Fare
Home Visitors Excursion to certain
points in indiana. Chic and other east
ern states on sale Oct. 10, limited to
thirty days.
Council Bluffs, Ia, Reunion Army of
the Tennessee. Nov 8 and 9.
Zone Fare Plus $500
Homsseekers' Excursion Rates to GER
tain points in Iowa, Minnesota, Wiscon-
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-10-18
WHEAT STRONG TODAY
Firm Cables Were Bullish Inf1u-
ences, and Trading Was
Quite Active
FIRM TONE IN CORN MARKET
Active Demand BY Commission Houses
Was Based Upon Wet Weather
Which Also Caused the Oats Market
To Be Firm-8usiness in the Provi-
sions Market Very Small.
FIRM TONE IN CORN MARKET

Chicago, Oct. 1S.-Wheat opened
strong and trading was more active
than for some days past Bullish in
auences We're firm cables, slightly de-
creased receipts in the northwest and
higher curb prices at Minneapolis.
December opened at 74A to TAN. Min
neapolis, Duluth and Chicago receipts
We're $50 cars
Late in the day the market eased off
on profit taking December closing v
higher at TAX @74as.
Corn.
Corn was firm and there was active
demand by commission houses, based
upon wet weather, which is Interior
ing with the free movement of the
crop. December opened at 42A and
advanced to 42N. Receipts were 205
cars.
Prices eased off in sympathy with
wheat. December closing u higher ut
42H.
Oats were firm, chiefly because Of
wet weather. December opened at 33A
Receipts were 255 cars.
Provisions.
Provisions were steady and quiet
Business was very small.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-10-18
Corn Products Company Has To
Reckon With the Independ-
ent Manufacturer
BUSINESS NOT FULLY UNIFIED
Eastern and Western Situation Rec
osnizeeI, in Which Business Remains
to Be Harmonized-No Friction in
Management, Which is Good, But
unfan,iIiarity With Western Trade.

Chicago, Oct 1S.-The Corn Products
Company now is turning out an esti-
mated grind of 100000 bushels daily.
Prices are good and the company Is
making large profits, but it is also ex-
pending large sums on plants. indie
pendent competition is beginning to
grow. AS yet 1t is not formidable, but
1t certainly looks as If even the present
management of the Corn Products
Company eventually must have to
reckon with the independent manu-
facturer whose capitalization is such
that he can make profits when the
larger concern cannot
OF the Corn Products Company is now
Of the superior sort. Still it is not yet
perfected. There is kind Of eastern
and western situation in the business
which remain to be harmonized. By
this 1t is not meant that there is any
friction in management, but merely
that those now in control Of the COM
pany are familiar with eastern trade
but not yet with the western trade
1t will be but question of time. how
ever, when the business will be fully
unified.
Meantime, it is proposed by the large
company to build plants when neces-
sarys of the most modern construction
and enleavor to keep its property in
the best possible condition to meet.
competition, altho 1t necessarily is
hampered in q free fight by the fixed
charges which must be taken care Of
before anything can go to sharehold-
ers. Until the present management
demonstrates how fully it may be able
by improved plants to hold in check
competitors, the shares of the Corn
Products Company must be regarded
as largely speculative issues.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-10-18

sin, North and South Dakota, Alberta,
Manitoba and Saskatchewan. on aaIA
each Tuesday until and including De-
cember, 1906.
Homeseekers' Excursion Rates South,
and third Tuesdays of each month unA
til and including November 1906.
Less Than Ono Fare
One way second GLASS CoIonists' Rakos.
10 certain points in Montana, Utah.
Idaho, British Columbia, Alberta.
Washington, Oregon, Arizona and
California. Tickets on sale daily untt
Oct. 31st
One way, second eIass coIenIsts' Rates,
West and Southwest, to certain points
in the states Of Nebraska, Colorado.
wyoming, Kansas. Missouri, Arkansas,
Louisiana, Oklahoma, Indian Territory
and New Mexico. on sale hrst and third
Tuesdays November to March inclusive.
Vicksburg, Miss, Dedication of Iowa
Monuments In National Military Park.
Nov 14-15 Write for free illustrated
circular giving program. rates and
train service.
Chattanooga, Team, Dedication OF
Iowa Monuments in National Military
Park. Nov. 1920.
Shiloh, Battlefield, Dedication Of 1swa
Monuments, Nov. %.
For particulars as to date Of sale.
rates. etc. apply to any Illinois Censsal
Ticket Agent. or address the under.
signed.
n. J. phELpo,
Division Passenger Agent.
! Dubuque. Iowa
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-10-18
Hamilton Pleased at GrinneIl.
pecial to Tines-Rt publican.


Grinnell, Oct. 1S.-The practice of
the varsity last night was the best SO
far this year. Hamilton seemed very
much pleased with the workout. They
showed plenty of vim and worked well
together.
Jaqua at fullback is out for a few
days but will be in the game again
Saturday Bleamaster has also been
out of the game this week. In conse-
quence of this there has been some
changes in the lineup. McCarty has
been brought from end to half ara
valerius has been shifted in end, ana
Waters has been playing quarter.
Clack is playing full and Hamilton
is playing tackle. All of the men
came thru the game Saturday in good
shape except for a few minor bruises.
1t has been found impossible to get
a game for the scrubs Saturday, so
there will be only one game.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-10-18
lowAhs in CATTLE FIGHT.
Seek to Gust American Aberdeen
ANGUS Breeders Officials.

Seek to Gust American Aberdeen.
Angus Breeders Officials.
Chicago, Oct. 1S.-Judge Brentano
yesterday issued an injunction restrain
ing L. II. Kerrick and four other di-
rectors of the American Aberdeen-An-
gus Breelers' association from taking
advantage of what is alleged to be an
unfair majority in the directorate and
thereby ousting the remaining four. d.
rectors. The compliments are Presi-
dent John S. Goodwin Of Naperville
ILL.,; c. j. Martin, vice president, OF
Churtlan, Ia; c. E. Marvin of Paynes-
vile Depot, KY, and George Kitchen
Of Cover, Ia.
These officials charge that they have
been informed that it is the intention
of the five defendants to be present
at meeting which was to have taken
place yesterday and to expel the petit
TONERS, who claim to have invested
s250,O00 in Angus Aberdeen cattle.
They allege that their property would
be worthless if expelled. The defend
ants were L. P. Ke.rick of Blooming
ton, ILL.,; w. A. McHenry of Denison,
Ia; George Stevenson, Jr., Of Water
vile, Kas.; E. T. Davis of Iowa City.
Ia, and o. E. Bradfute Of Xenia, o.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-10-18

yesterday was fairly satisfactory, and
had the run been nearer the volume
expected by most traders it Is likely
a firm level of prices would have been
in force. The demand was OF quite
liberal proportions, but not sufficient
to care for the big run at hand with
out necessarily effecting weaker prices
for the steers which buyers needed the
least.
A liberal supply Of choice prime steers
was included in the arrivals.
Fair demand for good weight feeding
steers, tho prices were weaker
Common canning cows positive
drug to the trade and 10@15c lower,
the new inspection rules being so
stringent that buyers were wont to
pass up the thin grades.
o. c. Miller, Waterloo, Ia, was here
with a car of 1210-lb steers of his own
feeding, good enough to bring 500.
He was we'll pleased.
Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-10-18
Interesting Personalities,

The emperor of Austria scarcely ever
shakes hands, even with the most ex-
allied visitors or privileged persons. His
usual form of greeting is q courtly
bow
Prince Ferdinand, of Bulgaria, is a
big, bearded man Of 45, a,nd was elect
ed the ruler Of stormy Bulgaria in 1887.
His consuming ambition is to become a
king, but despite his affability his reign
is not popular and he lives in constant
dread of assassination.
Prince Victor Dhuleep Singh, an In
dian who has long had his residence
in England, where he married a daugh-
ter Of the Earl of Coventry, is COM
piling a cook book de luxe. The work
is devoted largely to the theory of the
cuisine and is appropriately entitled,
1.-The Last Word" 1t will contain
menu for each Of the years 365 days.
Carl Lunde, Norwegian artist, has
made himself famous by painting on
metal, an art even the Japanese have
failed in, great as they are as metal
workers Lunde decorates ordinary tin
with Characteristic designs in colo-s
and Eliminates, an ordinary tray Or
plate that would otherwise be cheaply
japanned. The method is his secret
and only one of many clevernesses he
employees to render utility artistic and
decorative.