davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1906-11-25
LOCAL FINANCIAL GOSSIP.


Mergeuthaler was the center Of interest
yesterday on the Washington Stock Ex-
change. When the stock was reached on
regular call there we're a few sales
around 2os.
II was early then, and, with the new
policy which President Hume has intro
dueed of beginning promptly a few min,
utes after noon, several OF the brokers
were not in their seats Bidding broke
out afresh after call, and for a time the
din was deafening, all the brokers talking
at one time to get In their trades. When
the excitement was over, I9S shares had
gone under the hammer and the price
was down to 2057s.
The renewed interest IN Mergenthaler
is attributed to the promise OF a January
dividend of good figures. many OF Ins
brokers being Of the opinion that it will
be well to have a number Of shares in the
safe for speculative purposes between
now and then, and for dividend purposes
when It comes to drawing the money.
Railway shares were at a discount yes
terday, nobody arousing any enthusiasm
over them.
One Of the pleasant features Of the day
was the appearance of W. B. Hlbbs in
the role Of board boy" The usual at
ten2ant was absent and the genial
Billy volunteered his services and also
surdry remarks relative 10 his chalk fig
Ires which were rel.shed by the brokers.
Some o. the old-umers said that history
was repeating Itself; that Mr.. Hibbs had
begun his financial career as a board
boy in brokers' Office many years ago,
and Ia the course OF time had arrived at
the dignity Of presdent Of the exchange:
that new he had modest!y begun at the
foot OF the ladder. and that he might in
time again be the first officer OF the body.
The Washington herald., 1906-11-25
NEW YORK MONEY.

New York. Nov. 2l-Money on call to-day was
quoted nominaiiy. at per cent During the week
loans have heen made at y and at per cent aver
aging about s On Morfay. leans were made at 9
and 4-t; Tuesday. Z and 6, Wednesday 10 and 4;
A-uTsday, ~ and 8; and Friday 81 and l.
Tine money during the week continued in good
demand. Good houses had funds offered 20 thom by
Brokers, excepting for the longer periods which
were distinguished by rather lin,Irsd offerings
Rates. Z per cent for 60 to 90 days 6'sa7 per
cent for four months, per cent bid for five and
SIX months, offered at 7 peT cent The sterling
market was dun ana nominal today with rates I'M
changed. Rates for actual business were as follows:
Sixty days 4s05oai s5; demand 4S59at SIS: cables
AS6I0al--115- Commercial bills were A7sS.a4SL
The Washington herald., 1906-11-25
Now Song CrcIe.

THE Garden of Kama" is the title of a
song cycle for four voices by Henry Vim
cent, which is to have its first hearing at
Mr.. Oscar Franklin Comstock's December
studio recital The quartet Is composed OF
Mrs Mary D. Farrar Miss Emma Bowen.
Mr. Clarence II. Childs. and Mr.. Edwin 7.
Miller Miss Amy Cromwell will also sing
= group Of songs.
The Washington herald., 1906-11-25
LIVE STOCK MARKET.

New York. Nov. 2L-CATTLE-Receipts 4s5
head; calves receipts li6 head. Yeals. steady. at
475a9.o0; grassers ard Western calves nominal.
SHEEP AND LAMBS-Receipts, $3.50 head.
Sheep steady; lambs. slow and weak. Sheep. A00a
$50 cuis. rs: lambs. 658a7.70
HOGS-Reeeipts, $3.50 head. Nominally steady.
The Washington herald., 1906-11-25
WASHINGTON STOCK MARKET

salos-Reguiar CALL p O'CLOCK Washington
Gas IS. SiolQ at l03. 500 at l13
Washington Railway and Electric common, 10 at sI.
Washington Railway aud Electric preferred, 50 at
S6l4. 20 at s6iz.
NeTgentha!sr Linotype. ; at 2osN, 70 at 2l8, 10
at T6
Washington Loan and Trust 70 at 2I7, 10 az 2lSz.
Union TrTt Rights. pa a. ~
After caIl-Uuifsd States registered 2 500 AZ I0e7s
United States registered s. 500 AZ Iasls
Washington Gas Is. NOD II I1J.4 SJy5 At Imlt
aoo0 at la5is sL000 az 1884
MeTgenthaler Linotype. 10 at 20S at 36, 10 al
zlo3s l5 at aS. 70 Al 205 10 a. 4s 10 at g6E % AZ
2l5s. 70 at e5s4 70 at 2l5z.-
GAS BONDS
The Washington herald., 1906-11-25
COTTON MARKET.

New York, Nov. 2L-The cotton market va.
stronger and higher to-day on reports of a very
strong SPOT situation in the South and the zen
eIal belief that the crop has been o7erestinated
The week end statistics slightly favor The bulls
on account of the increase Ia spinner takugs over
last year Both port stocks and interior stocks are
below last years totals. and miu supplies arr
generally conceded 20 be short. The market ran
gp % a maximum advance Of about = points
over last nights closing but pr0f;-taking caused
something Of a setback. The undertoae continued
heavy.
The Washington herald., 1906-11-25
WASHINGTON CATTLE MARKET

Market remains quiet
CATTLE-ExtTa. I.5 to 500 per cwt; butchers.
iog ordinary. 20 20 800.
HOGS-per evt-, gross, 625 10 $50: orainary s 50
SHEEP-Clipped. 400: medium. $50 10 SIS; CON-
mon, 2o0 TO 300.
LAABS-PeT pound, spring, choice, ~ to S; nc
dium. : 70 ~.
CALyES-Per pound prime to 81; medium,
to "a: grass. 20 ~.
COWS-Each. prime. 900 to 500; common, . "
10 300; cid and dry 500 to l0.90
The Washington herald., 1906-11-25
Old Newspaper Mans viii Filed in
Washington.

A copy Of the will Of George X. Fitch.
an old Pacific Coast newspaper man, was
fled here yesterday. His estate is esti-
mated NJ 5000
Mr.. Fitch was personal friend Of Sena-
tor Hearst, father of William Randolph
Hearst. and of Senator Stanford Mr..
Fitch established the Call and Bulletin.
in san Francisco, and afterward sold the
Call to Claus Spreckels the sugar king.
The Washington herald., 1906-11-25
CAPT. KEARNEY RELIEVED.
Head of New York Navy Yard Ma!
Become Rear Admiral.

Capt. George H. Kearney, L. S. N, was
relieved yesterday Of his command as
head Of the steam engineering department
at the navy yard, New York. and a
five months leave of absence was given
him. He has not been in good health for
some time
1t is understood that he Will soon be-
come a rear admiral Commander Hall.
of the Newport News naval station, will
probably succeed 10 Capt Kearney's
place at the yard In Brooklyn.
The Washington herald., 1906-11-25
Contractor pleads Bankruptcy.

A petition in voluntary bankruptcy was
filed here yesterday by George p. New
ton, a local contractor and builder, His
liabilities are set out at $77.27897. while
his assets are stated to be worth s6S.
1854
The Washington herald., 1906-11-25
NEW YORK BANK STATEMENT.
FITCH LEAVES BIG ESTATE.

Surplus Of the banks is S. l03 70, against 50 Is
last year and Ss.5sl,5 two years ago.
The Washington herald., 1906-11-25

Is little doubt that whether he originally
suggested the plan or not he had q good
deal to do with rounding into shape that
which was ultimately given 10 the public
The First National Bank party are be-
lleved 70 be now IN absolute control OF
Delaware, Lackawanna and Western,
while their interests in other anthracite
coalers-Reading, Jersey Central. Della
ware and Hudson, and Lehigh Valley-are
also large. There Is a theory in some
quarters that the Plan OF issuing bene-
hcial certificates was first designed TO
cover the problem Of the coal roads. and
that the idea was adopted by Great
Northern as a ready-made scheme that
was entirely suited to At all requirements.
Members OF the party which made the
inspection trip over the Delaware anG
Hudson in the past week say the particu-
lar object OF their tour was to inspect
the extensive iron properties which the
company owns in the northern part Of the
State. and they have come back more I'm
pressed with the value of these lands
than they ever were before. The de-
velopment work shows a richness Of o.e
not heretofore suspected, while the terms
Of the Great Northern deal carry the as-
s!gnment CT a higher valuation per ton
TO the ore than had formerly been given
TO them. Large stockholding interests
wish to make It perfectly clear that be-
tween them and Mr.. Wilcox there is the
most harmonious kind Of relations and.
they assert, this kind of feeling extends
through all the management.
Mr. Hughes is expected to give this
State a business administration, and it Is
suggested that he might take up a scheme
to insure the lives of some OF the most
active traders on the New York Stock
Exchange. It is estimated that one trad
ct pays the State In taxes OF saleg fully
100000 year, and that another pays
about as much as .y,0C0 The death or re-
tirement Of such men would mean a seTi-
Gus loss to the State, and the State might
90 worse than protect itself against such
contingencies, and even provide for SUIT
able monuments TO the men whose activi-
ties contribute so much to the Albany
money box.
Members Of the pool in American
Steel Fouudrles," said trader, are be-
ginning to sleep Of nights. and not be-
cause they have sold out, but because the
company Is now making good. Instead
or selling, they have bought more and are
not wondering If they would be able to
defend themselves In the ring from now
on without much difficulty"
The Washington herald., 1906-11-25
New York.

tQuotations furnished by Dick Bros. & Co. mem
bers q the New YORK and New Orleans Cotton ex.
changes, 1872 street northwest Phones main
s4UGsN
The Washington herald., 1906-11-25
PRICE CHANGES OF THE WEEK.

Total sales on the Washington Stock Exchange
for week ended November p.
Furnished by Griffin. Hslstead & Co. brokers.
members Washington Stock Exchange. 1874 + street
northwest.
The Washington herald., 1906-11-25
NEW YORK STOCK MARKET.
Closing

Quotations furnished by Charles G. Gates & Co.
members New York Stock Exchange, Munsey Build
flnsirr
The Washington herald., 1906-11-25
STOCK DROP Is SHARP
Decline Comes Despite Good
Bank Statement.
REACTION IS NOT A SURPRISE
Adverse Factor Found In Great
Northern and Northern Pacifsc-Un-
certainty Concerning Value Of Ore
Certificates Responsible - London
Receives Several Millions.

New York, Nov 24-It was as hard to
assign reasons for the decline in tho mar
ket to-day as 1t was some time pre-
viously to detail sufficient and abundant
causes for an advance. There was no
bad news from any quarter. and the
weekly bank statement was, if anything.
more favorable than had been looked
for, yet prices Of stocks were continuous
y weak throughout, and at the close OF
the short session of the stock cchange
had fallen more than on any day thus
far since the rising movement in the mar
ket began two weeks ago.
From a speculative point Of view, of
course. the reaction in me market that
has occurred is no more than natural
after the violent advance in quotations In
the period just described. During this
time the 81. Paul common shares. for in
stance, have risen 20 points and Union
Pacific common II, with gains OF a like
character recorded in many of the prin-
cipaI issues. That st. Paul stock should
recede 6 points and Union Pacific on
proht-taking should not be n matter Of
great surpriss-
Il IS no doubt true that an adverse
factor in the market in the last few
days has been the recession in the Great
Northern preferred and Northern Pacific
stocks following upon the official pro-
mitigation of the news that the certifi-
Gates representing the beneficial interest
or the Great Northern stockholders in the
ore-land lease to the United States Steel
Corporation were TO be issued at an early
The Washington herald., 1906-11-25
GRAIN MARKETS.
Chicago.

Quotations furnished by Charles G. Gates & Co
members Chicago Board Of Trade. Munsey Building.
New YorI-
The Washington herald., 1906-11-25
BOSTON STOCKS.

Furnished by E. R. Chapman & Co. members
New York Stock Exchange, 1901 T street northwest
The Washington herald., 1906-11-25

What makes the Great Northern ore
plan particularly interesting as an indI-
cation Of what may be done by the
anthracite roads in complying with the
law prohibiting ownership OF mining prom
critics by railroads, is the supposition that
is evolved very largely by George T.
Baker. president of the First National
Bank. Mr.. Baker is known to have spent
a good deal Of time with Mr. Hill during
the latter's stay in New York, and there
The Washington herald., 1906-11-25

Fiscal agents for the United States
Government.
Depository for fUads of Philippians
Government
The Washington herald., 1906-11-25
Doubt as to Their value.

Uncertainty has arisen and seems likely
TO continue concerning the exact value
OF these new certificates, inasmuch as
their interest return appears to be largely
based upon the varying quantity of ore
that may be mined each year by the
lessees of the land.
II these lessees take out the minimum
quantity provided in their contract, the
financial yield TO the holders Of the GER
tifcates VIII be small for some time, al
though 1t IS supposed that the Lake Su-
perior corporation. that is to say. the sub
sldiaEy organization OF the Great North
ern Company owning the lands in ques-
tion. is already IN a position from its
possession OF cash profits proceeding from
the working Of the lands in the past to
make at once a considerable distribution.
On the other hand. II the lessees choose
to take out Immediately the maximum
quantity Of ore they are entitled TO take,
the profits Of the lease to the Great
Northern shareholders viii be correspond
ingly large
The point has been raised, however, IN
discussion in the financial district, wheth-
ct lenders Of money upon the present
Great Northern Railway preferred shares
viii consider the new certificates as equal
y good collateral as the existing stock,
and VIII or viii not require additional
margin 10 be deposited TO secure loans
upon the stock, as the new certificates
are issued and Great Northern stock sells
AZ the market price Of the new certificates
deducted from it,
There certainly has been no change for
the worse in the money situation. mas
much as cal-money rates have contiuu-
ally tended TO a lower level and time
money rates have not advanced. So far
as monetary conditions on the other side
Of the Atlantic are concerned, they have
steadily improved. owing chiefly to the
release of gold in large sums by French
bankers for the use Of London.
London Secures Gold.
The Washington herald., 1906-11-25
f415 G Street korthWesi.
Washington
Loan & Trust Co.
OFFICE COR. sTH AND F SITS
PAID-UP CAPITAL. s.. .0Jo. .o1o.
..suRPLUs. 500. 900 lEARNEDl. .

n ~ any amount made On approved real
czrate CT C0iSteTai a. TeaS3nabie FateA
interest pald upon 1cpJsll5 monthly BAL.
suOlcCt 10 check.
his Company acts as executor, administzss
- tor. trustee. agent, treasurer registrar and
~ all other hduclsry CAPACITIES.
Boxes Ter rent II burglar and 1reprooi
vaults fOg safe deposit and storage Of Taluabls
packages
kesl Estate Department ia prepared 20 assuFns
- the management Of yO5u real estate. Careful
- attention given 20 al dl sjiS
4Ut-s JOY EIjSON.--...---. President
JUhN 4 fE----...................YiOr Prusidrat
ELLIS SPEAR N-......... second VICE President
ANDRkW PARKER. -res s,1reF
HARRY O. MEEM-............. Assistant Treasurer
-5OYD TAYLOR Assistant Treasurer
iEOMAo BRADLEY 1.--.......--.-Real Estate Ofncsr
FRED'k EICHELBEKti ER Trust O1aesf
The Washington herald., 1906-11-25
london Secures Gold.

The very considerable total of money
thus received in London during the week
from France was increased to-day
through another shipment from Paris to
London Of Sl74O,OO0 in American coin, and
the Bank of England has been gaining
recently S2,o00,o90 or 100000 a week from
its purchases of gold sent to the British
capital from the South African mines.
TO-day's bank statement was. enc0urag-
ing, as, although loans increased S4O75.-
CO., and 1t was the first time for several
weeks IN which an enlargement of the
loan account had taken place, bank cash
enlarged nearly 100000, or in a sum six
times greater than was estimated yester-
day; so that an addition of more than
100000 was made to the bank surplus.
making the total net surplus "a, 403, ,425.
Tho liquidation that was already in
progress went on just as brlskIy after
the bank statement was published. and
prices Of stocks closed only a little above
the lowest of the day.
The Missouri, Kansas and Texas COM
mon shares were again firm, as they have
been during the week. There have been
no financial developments IN the week OF
nature TO afford ground for pessimism.
In the stock market proper wide atten-
ton has been attracted by the upward
movements in particular stocks for seem
ingly special reasons, such. particularly.
as in the Delaware and Hudson shares:
and in the world Of general business. aside
from further array of general indica-
tons tesufying TO the health and sound
ness of mercantile and industrial pros
peFity, the matters Of chief interest have
been the announcements of increase Of
the wages Of employees by many great
corporations
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1906-07-07
The Trip of Secretary Root.

No glare of trumpets accompanied
the departure of Secretary Root this
week upon the cruiser Charleston for
his South American trip of four
months. but the trip will doubtless be
remembered in years to come as some
thing far more important than many
occurrences of the time over which
much noise has been made. Secretary
Root proposes to sail down one side of
South America and up the other.
touching at all important ports. and
visiting the capital of each country.
The primary object of the trip is of
course the Pan-American conference
at Rio Janeiro, and it is hoped that this
conference will be more fruitful of
results than the earlier Pan-American
conferences which have been held.
The first of these was held at Panama
20 years ago. About 25 years ago
Secretary of State Blaine issued an
invitation for another which was with
drawn, however, ny HIS sucIeSSp. -
is 1e years since the next conference
actually met in 1890 at Washington
with Blaine presiding over it. The
latest assembled in Mexico five years
ago. All Of these resulted in cordia,
expressions of good will. but practical
results were few and no common policy
has proved possible. His vigorous
personality is certain to make Secre-
tary Root a prominent figure in the
Rio Janeiro conference, and cannot
fail to make an impression upon the
statesmen Of each capital he visits.
He will diffuse a lasting impression OF
the good faith and friendliness of the
United States, smooth over what few
rough places exist in our diplomatic
relations with our sister republics, ana
make the way easier for the American
statesmen of the future who nave l"
deal with South American affairs.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1906-07-07
Country Boys Lament.

cant go in the parlor now
Sence bOarderS came:
tMnw gets queer ideas somehou
Wen boarders come;
Must have my face wasn't each dav
U'oSh l VISIT they'd STAY away)
I'asSent have a word to say
Wen boarders come.
Got to wear tie that's knit
w en- boarderS come;
Nav says: Keep spruced IN BIT
Wen boarders come.
Paw and NAV and sis an
Must eat what's left over-why.
amt had a piece of pie
Sense kingdom come
Dassent go barefoot no more
Sence bOarders come;
Left Off the patched jeans l wore
Sence bOarders come;
Got to lend 'cm all my things.
Traps an rods an fishin' strings
Got to show EN- all the springs
Wen bOarders come.
Wen nav gets vacation crops
Of bOarder folks
Then my vacation stops
An / Jest coax
Her for to let me go an stay
In the city far away,
Where it's quiet, cool an they
Don't take boarderS
New York Herald
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1906-07-07
Personal Notes.

President Roosevelt has presented tt
Senator Beveridge the pen with which
he signed the Agricultural bill which con.
tanned the meat inspection clauses.
Lincoln ]. Reachey. the young aero
maui. is in Pittshurg to try fer a record in
airship construction, expecting to build
one complete in four weeks.
Ziem. the great French Colorist is s
without glasses This wonderful old mar
has been painting since ne was years OF
age.
Archbishop Weber of Poland has beer
transferred to America. where he viii
Catholic :p church. " He , viii arrive 9'i in
America about Christmas.
Captain Christopher Tyler Arms. an
intimate friend of Abraham Lincoln when
he was young lawyer, and pioneer in
American railway construction. has just
died in Indianapolis, aged 90.
Dr. Lorenzo Sears. who recently re-
tired from Brown University to devote
his time to authorship says he prefers
operating the typewriter to teaching as
the. six books he has already had pub
lshed We're written By MIN personally on
the machine, and the seventh is about
finished.
Andrew L. Harris. the new Governor of
Ohio. goes into office at Il greater age
than that of any man before him when
he took the oath Of Office as Governor OF
Ohio. The next oldest man was William
Allen the Democrat chosen in 1913. who
was G6 at that time. Mr.. Harris will he
II next fall.
Among the American writers who are
studying Russia IN this momt NJ GUS pc
riod of her history is PROF; Edward a.
expecting to spend the summer in Rus
sia. Prof. Steiner. who holds the chair
of Applied Christianity in Iowa tOlieSe.
the Russian Jew. both in his native land
and in America.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1906-07-07

The resignation of Hon. F. E. Tim
berlake from the office of State bank
examiner, which he has long filled with
signal ability and fidelity, is a distinct
loss to the public service and a matter
OF wide regret. This office is a most
important one, involving as it does the
welfare of our savings banks and trust
companies and safeguarding the inter
ests Of the great army of depositOrs.
and Mr.. Undertake has performed its
exacting duties with a thoroughness
which has won him the respect and
confidence Of all our people. Trained
along both legal and banking lines he
has shown himself a model public Off
cial. In resigning to enter private bus
mess again. Mr.. Undertake takes with
him the best wishes of host Of friends
throughout the State.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1906-07-07

A Missouri paper tells Of a farmer
who came alon~ The other day to where
his neighbor was engaged in putting
q new roof upon his barn. "What did
the lumber for that roof cost" asked
the farmer who happened to be Dem
ocrat. About $780," replied the
neighbor. That's robbery. said the
Democrat. why, sir. under the Cleve-
land administration with the low tar
III in effect that lumber would not have
cost more than $780," THAT may be
true, replied the other, But want to
call your attention to the fact that un.
der that Cleveland. administrators
which you refer to 1 could not affort
any barn at ell. and even had to live
in an old shed covered with straw
Tn this conversation is found one goot
reason why Missouri has swung int,
the Republican column. and why tn
country is well satisfied with Repub
lean good times.