davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1906-12-09
ATTEMPTED BOOST
ON COTTON FAILED
Selling Under Cover Of Rumored Re
port Of National Ginners'
Association Estimate

NEW YORK, Dee. S-The cotton mar
ket was very quiet today and Irregular
Prices opened nrm ana advanced about
points, with January selling up TO l0.1l:
March. 1923, and May. l0g- There was
a report current that the National Gin
ners' Association had given out lis re
port al Memphis and Dallas this morn
ing to iJs members, and that IL showed
about 9.956.Ojp bales giHned up To Decem-
ber l. and estimated the crop on this
basis at bout u,sooel0 bales. Most Of the
buying was Ola this report. All demands.
however. We're readily supplied by local
New Orleans. and other Southern Oper-
atoTs on the heavy movement OF the
crop for the week, and. as there was an
absence Of any substantial bull support.
prices faded away in the later trading.
with the market closing weak at the
bottom at "A decline OF : TO points OF
last nights closing.
Closing prices. December 9.ssa9 -.
January. I000al0ol: March. l0I7aI0lS
5lay. Io.9aloS0; July, Io3saIG9. Au-
gust, IG2301025.
The following We're the quotations for
the day on the New York Cotton Ex-
change.
The Washington times., 1906-12-09
An Opportunity Overlooked.

Three trust companies were doing =
profitable business in the District OF CO..
lumhia in 1895. when the financial re-
sources OF the District amounted q
only s.. .0l9 U0b In September. 1891, they
amounted L. over ISl 10000, having in
creased s. 90 90 in the short period II
eleven years. During the same t.'u-
the population Of the District has in
creased over 7o.C10. There has been but
one trust company organized IN Wash
iHgtcu since 1891, period OF IifCyen
years, during which time the assessed
value OF the taxable real estate has in-
creased nearly 510o, ,0Qo,g 90, The four DN-
iEtins trust companies had combined Te-
sources on September 4, 1876 OF nearly
t3I 90, ,U9f
From this il would appear that a glor-
ious opportunity has been overlooked by
capitalists and financiers more pGrticu-
larry as several hanks have been estab-
lshed in that tinc and have been quite
prosperous.
The Washington times., 1906-12-09
BUSINESS IN WHEAT
MARKET FELL OFF
Prices Under Pressure OF Profit Taking
on Long Holdings Crumbled
Away.

CHICAGO. Dec. 8.-Some of the wheat
talent wanted money over Sunday. and
they sold long wheat and secured
profits. The additional wheat thrown
over caused a setback from the best
prices Of the day, and the close showed
ne: losses Of isGasc. ThCre was less
business in wheat than on Friday. Corn
held up well In price. and closed I4H2sc
better. This market was quite active
Oats ruled strong and gained I4a1ac.
Provisions were higher-35440 a FOR
pork, I21a9f20c for lard, and I2l2al5c for
ribs. Primary receipts OF wheat for
the week 5.5i1. 900 bushels. and corn
2.ll4,000, compared with 5.153.0O0 and s.
6.S, 600 bushels. respectively. a year ago.
Shipments of wheat for week 6,4ll 0O0
and corn. l.694,010 bushels, against g.
$50. 600 and 1903. 90 bushels. respectively.
a year ago. The English visible supply
OF wheat decreased 5S6.OJ0 bushels for
the week. against a decrease Of 676000
bushels a year ago Local sales OF
cash grain were $500 bushels wheat.
2O00J bushels corn, ana SU,O0O bushels
oats. The following prices ruled on
the Board Of Trade today:
The Washington times., 1906-12-09
An Anomalous Condition.

While there have been no transactions
in the stock Of the Washington Ex-
change Pank and the Stock Exchange
still continues 10 list the WASHINGTON
savings, which Is the progenitoF Of the
Exchange Bank there has been some
inquiry among the members as to the
status OF the stock uf the new concern
At stockholders meeting some weeks
ago when IL was voted 10 change the
name of the bank, an additional issue
OF $4,000 OF new stock was authorized
making the total capitalization $4,000
The new stock has been placed al $50
per snare ~ per cent payable IN cash
and balance i'm instaIlmenrs. ana il is
probable will be all taken by the orig
inal holders OF the Washington Savings
hank. which has been transferred to the
new corporation. The daily bid on the
Old stock ranges around l24, though. as
stated. no transactions have occurred.
The Washington times., 1906-12-09
CONTINUED INCREASE
IN BANK EXCHANGES

Settlements through the banks con-
tinue Of very large volume and total
exchanges the first week Of December
at all leading cities in the United States
arc 1887, ,421. III. an increase Of az per
cent over last year and 81 per cent over
the corresponding week in 1904, both
periods OF exceptional activity. Nearly
every city reports a larger volume OF
clearings than in either of the two pre-
ceding years-fOr that matter, ex-
changes At New York are larger despite
a more active stock market in Decem-
Der of both preceding years, and on
this account, the comparison outside Of
New ork city is much more satisfac-
tory. the increase being IS per cent
over last year and 1873 per cent over
1904 Baltimore, St. Louis. and Cleve-
land are the only cities showing a de-
crease this week.
The Washington times., 1906-12-09
A Record Week.

The past week in local stock has been
the banner one Of the year. The total
transactions reach close to 1900 shares,
while the bond H=t also makes a very
Creditable showing. Considering cOndi-
tions with regart 10 the money market
prices have heiC. remarkably well, in
nearly every care holding close TO the
closing ones OF "a 81 week. Ia one case
particularly new high record was
made although a raid on yesterday
knocked on a good portion of the ad-
vance Copper stocks acted rather uh-
satisfactorily, TumOrs OF new issue OF
Greene causing rather free selling On
yesterday, while q well attended meeting
of Mitchell stockholders held on Wednes
day was not productive Of beneficial re-
suits. Railroads after being forced up
allowed TO recede a half point, holding
steady at 43. The preferred gained full
point on the week. Capital Traction
was well taken by its friends whenever
the stock was offered reasonably. Mer-
Eenthalcr was able 70 hold about hall
the gain Of the week while LaustOn
shows no change. Gas stock is q full
point higher although the market has
been well supplied. Bank and trust
stocks with the one exception noted have
not been specially active and the gen
cTaI average Of prices is higher Insur-
GUCC stocks were IudlrereuIlF treated
Complaint is still made az 70 the con-
diton OF the money market and bor-
rowers are not encouraged 10 buy Wltn
the idea Of securing accommodations al
tine banks. The high rates on call
money IN Wall street Is reflected 70
some extent here by the uHWillIngHess
Jo grant speculative customers any priv
eleges, although il j. said that meT-
camille transactions are financed with
ready ease and a usual rates.
L may be expected that the closing
of thc year Will show some evidences Of
the usual clearing Of accounts and
should TIE money situation become more
acute iu Wall street Slight TecessiDus
MAY. re expected here. but the Inherent
strength Of the local market mas been
fully tested Of late and the figures are
most encouraging at the time.
The Washington times., 1906-12-09
Disappointed But Hopeful.

The currency committee of the AM
erican Bankers Association. will hold
its adjourned meeting at the New VIII
lard Hotel tomorrow. and IL is expected
viii be in session about three days. It
had been hoped that the time would be
extended as the local branch Of the as
sOCiatiOn are anxious TO extend the
courtesy Of banquet to their distin-
guished confrers, but Il is feared the
time will be too short 10 make proper
preparations for so important an event
The local bankers are determined to
have that banquet and before the win
ter is over they viii try hard to get
through with il. Their plans are all
formed and il Is stated that when it does
come il viii be one OF those events
long 10 be remembered. President Clsr-
ence r. Norment Of the Central Bank
is the head of the organization in this
city. and William 4. Mesrns is the
The Washington times., 1906-12-09
FIGURES
OF UNITED STATES STEEL

NEW YORK. Dec. S.-The statement
of the United States Steel Corporation
for the year 1906 will be the most re-
marla bic document from the standpoint
Df figures ever issued by an Industrial
corporation. The report will reveal eX-
traOrdinary increases in practically
every item bearing on the production,
earnings. surplus, appropriations for
new construction, etc.
There was paid in dividends 10 stock
holders in the year 1905 S25. .219.O00. This
year dividends aggregating , per cent
were paid on the common stock, which
bring the total disbursements to stock
holders up to $35. $50. 16O. Interest pay
nlents including bonds of subsidiary
companies, viii run close 10 S2S, 500 600.
Therefore total payments TO stock and
bond holders viii be in the neighbor-
hood OF s64, ,O00 CO. which compare with
possible net earnings OF $15S, ,5O0,0Og.
The Washington times., 1906-12-09
LONDON MARKET
IN HOPEFUL MOOD

LONDON. Dec. S.-Business on the
stock exchange was inactive. but the
tone was more cheerful. owing To the
report that Uniten States Secretary of
Treasury Shaw would take steps 10 re-
iieNe the money market, which les
sened the probability Of gold with
drawals for New York. COnsoIs and a
few other British securities hardened
on investment purchases.
Americans benefited mostly bv the
anticipated Washington Treasury relief
They received steady support through
out the session and closed firm al The
best quotations Of the day. Canadian
Pacific was the feature on reports of
forthcoming rights, but at the close
they We're pOirt below the best prices
of the day.
Foreigners We're neglected
Supplies of money were plentiful to
day. and demand was good. Discounts
were firm on the gold Withdrawals.
The Washington times., 1906-12-09
INCREASE OF DIVIDEND
NOT PRUDENT JUST NOW

NEW YORK, Dec. S.-The regular
dividend of per cent quarterly declared
on the stock OF the General Electric
Company did not come as a surprise to
interests closely identified with the cor
pOration. 1t has been rumored for some
time past that the dividend would be
ratsHd TO 252 per cent, but these reports
have met with denials on the part OF
General Electric interests.
y representative Of the company
points out that il would not have been
prudent to increase the dividend at this
time. in view of the fact that stock
holders were but recently given valu-
able rights. and that large sums are
being spent for extensions II is esti-
mated that General Electric may go on
a 10 per cent basis next year
The Washington times., 1906-12-09
There Are Others.

4 dispatch from Wall Street says:
Edward Wassermann paid the fancy
price of $50 for 1,0oO Great Northern
preferred, .at the opening. D Chanucey
sold the stock. The bid was obviously
made for effect and the price immedi-
ately eased of ten points while at the
close Great Northern WAS selling about
equal to the quotation OF the previous
day.
Skeptical members Of the local ex-
change are pleased To see that the
methods frequently used here have al
last reached the metropolis Now that
New York has followed Washington s
lead there can be no further criticism
of a time-honOred custom about which
there has been some complaint
The Washington times., 1906-12-09
NOVEMBER FAILURES
EXCEED LAST YEAR

Commercial failures this wek in the
United States. as reported by r. g. DUN
& Co, are 233, against 232 the CORES
ponding week last year. Failures in
Canada number 80. against 2i last year
OF failures this week in the United
States, IS were in the East, 81 South, IS
West. and II in the Pacific States, and
73 report liabilities of 5000 or more
Liabilities Of commercial failures report
ed FOR November are 81, $50, 7S2 compared
with 8,S66. .79S a year ago.
The Washington times., 1906-12-09
WAITING ON SHAW
IN WALL STREET
Uncertain Condition of the
Money Market Not Con-
ducive TO Speculation.
SPEEDY RELIEF EXPECTED
Bank Statement Much Worse Than
Early Estimates, But Excited
Little Concern.

NEW YORK, Dec. st -adlng on the
Stock Exchange today vas of a de-
cidedly apathetic nature and transac-
IiOns fell TO a very smalI volume Such
a result was quite naturally brought
about by the uncertainty pertaining to
monetary conditions The rank and file
of the speculative community took the
view that a neutral position in the
stock market was for the time being the
wisest course and consequently a state
of inactivity prevailed Prices sagged
on moderately during tho first half OF
the session. but there was little pres
sure from liquidacion. On The other
hand, the bull contingent found no in
centive to increase in any considerable
degree their commitments. A good deal
of confidence was felt in the prospect
Of speedy monetary relief from the
Treasury Department. but assurances
regarding that matter were not suffi-
ciently positive to induce anything more
than perfunctory purchases OF stocks.
The majority of the list experienced
only fractional changes. though Union
Pacific and Reading showed losses eN-
tending TO slightly over a point Re
public Iron and Steel common was the
only stock which showed pronounced
strength, and that recorded a maximum
gain OF > per cent.
The Washington times., 1906-12-09
Financial Statements.

ANNUAL STATEMENT Of the CRUDE OH.
POWER COMPANY: Capital stock. 81 000 90
Paid in S!Os55l. No Indebtedness Sworn
TO and recorded according 10 Law. a A. OS-
BORN Secretary u
The Washington times., 1906-12-09
N. Y. STOCK MARKET

Quotations furnished by Charles @. Gates
81 Co.. Aunsey Building: Members New York
Stock Exchanged
saturday, December s: trls
The Washington times., 1906-12-09

Talk is increasing Of the probable
early completion OF deal involving
Mexican railroads. The report now Is
that the government viii probably take
over the Mexican Central, that it Will
be consolidated with the national rail-
road under government control at the
same time.
The Washington times., 1906-12-09
MISCELLANEOUS PONDS
NEW YORK CURB STOCKS.

fluctuations Furnished by Charles c. Gates
4 Co.. Munsey Building; Members New Yorl,
Stock Exchanged
The Washington times., 1906-12-09
Deficit of S6,7o2,I75.

An unfavOrabIe bank statement was
regarded as a foregone conclusion, but
the actual figures revealed condition,
apparently, much worse than had been
expected and was quite without any
IedeemiuE features. y loss in cash of
over $l2.OOO.OOO was disclosed and "a de-
hcit of S6,7O2175 revealed. This fact,
however, appeared to excite little con-
cern on the part OF the speculative
community. In fact following the pub
Hcation OF the statement the stock mar
ket experienced Il considerable racQv-
cry, Union Pacific and Reading advanc-
ing a full point from the low level,
while other stocks rose fractiOnally-
Wall STREET argued that the exhibit
made by the clearing house institutions
was perhaps not an unmitigated evil,
as Il would furnish a strong object les
son to demonstrate the necessity of
Treasury intervention 10 alleviate the
situation. and rumors became persistent
that Secretary Shaw would make some
announcement regarding that matter
not later than Monday. The market
closed steady.
Government bonds were unchanged.
Railroad and other bonds were lowsr.
The Washington times., 1906-12-09
Lewis 9 Co.

MONEY AT AZ AND PER Gent
Promptly loaned on real estate in the Distri:i
% Columbia LOWEST COMMISSIONS.
HEIEKELL McLEHAl,
10qa = ST. ~, W.
The Washington times., 1906-12-09
PRICE CHANGES OF WEEK.

Quotations as furnished by Griffin.
Halstead & Co. brokers. 1874 + street,
members Washington Stock Exchange:
The Washington times., 1906-12-09
eDaMJlxy8RtUberS
IS3Ss5R

secretary. and working together as they
will the success Of the dinner Is already
assured
The Washington times., 1906-12-09

Reading common stock is logically the
next in line for an increase in its rate OF
dividends. The rule has been followed
by so many boards of directors this
year that It has come to be almost bind
ing upon any road able 10 show earn
fngs enough to cover the higher rate.
The Washington times., 1906-12-09

We built ships and elevators. And we
are not doing it any more. I submit
that the Great Northern has been made
the target for attacks from every dema-
gogue in this State. We are making the
target rs small as possible at present
james ]. Hill. before Minnesota rail-
road commission.
The Washington times., 1906-12-09
Pacific Nail

The purchase of this stock Is strong
Iy recommended. at the market. Tt Is
destined 20 sell higher than for years
We can buy It IN 10 or 100 share lots
on per cent margin.
Lewis 9 Co.,
1899 2 st. Phone Main 51e6
The Washington times., 1906-12-09


Total stocks last week. 5.10S shares.
Total bonds last week, s31 500
The Washington times., 1906-12-09
FINANCIAL GOSSIP

Talk is increasing Of the probable
early completion OF n deal involving
Mexican railroads The report now Is
that the government viii probably take
over the. Mexican Central, that it Will
be consolidated with the national rail-
road under government control at the
same time.
Reading common stock is logically the
next in line for an Increase in its rate Of
dividends. The rule has been followed
by so many boards of directors this
year that II has come to be almost bind
ing upon any road able 10 show earn
ings enough to cover the higher rate.
We built ships and elevators. And we
are not doing it any more. I submit
that the Great Northern has been made
the target for attacks from every dema-
gogue in this State. We are making the
target rs small as possible at present
james J. Hill, before Minnesota rail-
road commission.
A dispatch from Montreal states that
Sir Thomas Shaughnessy. on his return
from the west says of the Canadian
Pacific railroad lines:
pany is deplorably short of cars at the
present time. We would be willing TO
spend Sl0,O0G,O00 for new rolling stock If
we could only get it Delivered
There does not seem to be an immedi-
ate prospect Of change in the money
situation, and the probabilities are that
brokers charges for carrying stocks in
December viii be large enough to pass
fur history. IlpgembaYs 1QfS Of may
be know, as ''the month OF the big car
rying charges
Attention is being directed tova-d the
London market for Americans. the d.
rect charge being made that it is being
maninulated This is not a difficult
thing to do. as the dealings are not
heavy Because of this suspicion the
market here frequently has refused TO
respond TO London advances,
Sixty million dollars is the approx
mate valuation placed on the tangible
and intangible property of the Union
Traction Company and the Chicago
city Railway Company by the city's
commission OF engineers Upon this
basis the negotiations for franchises for
both companies viii be conducted within
a few weeks
In addition to the regular dividend OF
per cent monthly declared by the
Mines Company of America. an addi-
tiOnaI dividend of p per cent. payable
: per cent month, has been declared
FOR next year, The dividend of "a per
cent is equivalent 10 $3.50 600 on the cap
ltal stock of s. GOO 600. Including extra
dividends. the Mines Company of Amer
Tea paid 30 per cent I'm the year 1906.
The opening Of December finds the
bond market still depressed under the
Influence Of high money. There is little
real investment buying and the ma ior-
lty or bond houses are keeping their
stock of bonds as low as p0ssihla
Prices which showed a marked recovery
iu the first two weeks of October have.
been sagging for the last six weeks. and
in many cases are actually lower than
last July. which marked the period of
greatest Generalization in the general
bond market
The Washington times., 1906-12-09
LATEST NEWS OF THE STOCK MARKETS AND FINANCIAL WORLD
THE WASHINGTON MARKET

Saturday. Disc. S.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-01-19
SPECULATIVE GOSSIP

3 Total clearances: Wheat 10000 bu; -four
$4,000 brls; corn, 1000 bu: oats, 1900 bu
Wheat and -four equal 246.OOO bu.
Gates buying Union Pacific.
Bradstreet's clearances for the week, wheat,
4, 44S,OOO blu.
The reported movements of currency this week
indicate gain of $S,996 400 in cash held by
the New York banks
Robert Pringle bidding for round lots wheat
London quotes La Plata and Calcutta linseed
PIC lower. #
New York wires: Fifteen loads Manitoba wheat
taken for export.
Duluth-The heavy buyers Of the past ten
days were Ill sellers this morning, the foreigners
| all got loaded on the tulge and think fax will
sell some lower.
John Darrell and Comstock selling wheat
Antwerp 21ac lower on La Plata linseed
New Orleans clearances, 821 900 Blu corn.
Antwerp close: Wheat, &c lower.
The Northwest Weather-Osakis, clondy, with
southeast wind and e above; Fargo, cloudy
and cold; Grand Forks, partly clondy and mild
snow; Hunter, cloudy, light south wind
Comstock, cloudy, light south wind WARMER
Hillsboro cloudy, calm, 10 above; Winnipeg
| cloudy and calm, 8 below; Red Wing, cloudy
and calm, 30 above; Duluth, cloudy, about q
Chicago board closed today at 1890 pm.
| Weather map shows generally cloudy condi
lions with little moisture east of Rockies. Rains
on Pacific coast.
= Harry Champlin selling wheat thru brokers'
Liverpool close: Wheat I'd lower; corn un
changed to I'D higher
| Some demand for provisions.
Paris Close-Wheat Nc lower; -four, A@h
higher [e.-s
Budapest nc higher.
The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-01-19
A SAMPLE.


. A clergyman fond Of particularly
hot brand Of pickles, always carried a
bottle with him. One day, when dining
at a restaurant, with. his pickles in
front Of him, a stranger sat down at
the same table, and, with an American
accent, presently asked the minister to
pass the pickles. The minister, who
enjoyed the joke, politely passed the
bottle, and in few minutes had the
satisfaction Of seeing the Yankee wa
tering at the eyes and gasping for
breath.
II guess, said the latter, .,that you
are a parson9'
eyes, my friend, I am,'' said the
minister.
u suppose you preach asked the
Eyes, sir; I preach twice week usu.
ally said the minister.
Do you ever preach about hellfreq''
inquired the Yankee.
Yes, / sometimes consider it my
duty to remind my. congregation OF
eternal punishment, y returned the min
lister.
II thought So, returned the Van
kee; but you are the first Of Youl
class I ever met who carried samples