davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-03-10
FINANCE; AND TRADE IN
MARKETS OF THE WORLD

have suffered the severest declines already,
which. has served to give them some re-
sistance to the falling tendency even In
the dominant weakness of the weeks mar
ket. Such evidences are accepted as sig
nificant that the term Of the liquidation Is
approa ching. The normal sequence would
be a sharp rebound In the level of prices
followed by a period of very dull specula-
zion.
Bonds have been unsettled and weak In
sympathy with stocks.
United States 3s have advanced u and
the new As y per cent on call during the
week
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-03-10
NEW YORK BANK STATEMENT.
NEW YORK, March s.-The Financier


says:
Last weeks official statement of the
New York associated banks showed a
greater loss of cash than was generally es-
timated upon the basis of the traceable
movements of money during the week.
This loss of cash was, however, largely
onset. so far as its effect upon the surplus
reserves was concerned. by reduction in
reserve requirements chiefly through an i'm
portant decrease in deposits, SO that the
surplus recorded was a fairly substantial
amount The loss Of cash was Sc, AZ, 600.
while the estimates indicated a decrease Of
about a million and three-quarters; the dis
crepancy between the officially reported
loss and that which was estimated can be
accounted for by the fact that there were
large remittances to Washington during
the week. through the New York banks. Of
lawful money for those of their correspond
ents which were retiring circulation under
the new law, such retirements involving the
substitution Of lawful money for the bonds
that were pledged to secure circulation and
which were withdrawn from the custody of
the treasurer
Deposits were reduced by 1850. TOO:
this amount closely agrees with the sum Of
the decrease in cash and of the contraction
In loans. SO that the statement made a
good proof. The required reserve against
general deposits decreased $4635. 675. de-
Quoting which from the loss of cash, as
above. left $l.sO6925 as the reduction in
surplus reserve to S2O54725. Computed
upon the basis of deposits, less those Of
$H. $500 public funds, the surplus Is
1851 .625. Loans were contracted by $12.-
800. sum about equal to the total re-
duction during the previous fortnight, re-
fiecting stock liquidation.
The daily average of bank clearings for
the week was 1888, 100000. against $780,
100000 in the week of March 2; clearngs
on Saturday. rejecting Fridays business
were $50 $40 600 Comma riSons of loa ps nv
individual banks show that eight institu-
lions contracted this item by twelve and
two-fifths millions net: six banks lost five
and a quarter millions net cash.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-03-10
HEARD ON CHANGE

The promise of the opening days Of the
past week was not realized by the course
of the market during the closing days. 1t
is supposed the heavy liquidation which
has been in progress in Wall street had at
least sympathetic influence on the local
situation, and whatever inclination had
been manifested toward a renewal in the
buying of local securities was effectually
checked by the condition Of affairs in the
larger market.
An upward movement in portion of the
list had actually set In. and there were In
dications of a revival in activity The buy
ing appeared to be pretty good. and what
was done had sufficient force to get some
Of the more active securities back to the
point where it was recognized there was
some chance to do business.
For a considerable period the market has
been stationary. There has been no effort
to buy or to SELL The figures have re-
manned about the same. The tendency at
such times Is always downward and that
was brought out very fully. What hap
pened at the beginning of the week was
q partial regaining Of the old levels. This
process was interrupted, and apparently
street. where the uncertainty, OF course,
had it's effect upon the minds OF men.
whether they were actively in that market
or not.
1t is commonly supposed when the pres
ent course of liquidation is over in New
York that q revival Of activity may be ex-
pected. There are one or two. and perhaps
more, of the securities listed on the local
exchange that may be expected to show
what can be done in the way of a high
record, and that. too. In the near future
1t is perhaps, not possible to mention
all that have futures Of that sort. for such
information is not usually announced from
the housetops. But it Is matter OF com
mon talk that something may be looked TOT
by the stockholders of the Capital Traction
Company in the shape Of what Is eQuiva-
lent to an extra dividend. Then, OF course,
the possibilities in the way OF gas STOCK
may be considered as almost perennial
Any stimulus OF that nature looked Tor IN
the case of Washington railway securities
is based mainly upon the expiration of the
voting trust which occurs in June next
and the supposed desire to corral good
blocks of the common stock TO reinforce
be figuring on securing the control OF that
system
The copper mining stocks may generally
tivity of the market, but the periods OF their
appearance in such role are not generally
published very long in advance.
Apparently Mergenthaler has had its day,
for the present. while such an experience Is
vet to be enjoyed by the Lanston stock
holders 1t is said something OF the sort
may be looked for in the near future put
how near there is a difference OF opinion
in the case Of at least two of the storage
companies.
The bank stock list seems to be entirely
bare just now of these rumored posslplli-
ties 1t is presumed the merger of the BANK
of Washington and the Central Bank; when
is now in course of completion. has lost all
features calculated to affect the market
price of the respective stocks. Beyond that
there is nothing in prospect.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-03-10
LONDON Wool.

LONDON. March 9.-The second series of
wool auction sales will be opened next
Tuesday and during the week 81. $50 bales
will be offered. The sales are scheduled to
close on March g.
The arrivals of wool for the third series
amount to $4,000 bales, including $4,000 for
warded direct to spinners. The imports
this week were: New South Wales. 1880
bales; Queensland, 200: Victoria. 500,
South Australia, $500: New Zealand. b.
600: Cape Of Good Hope and Natal. 800;
various, 1900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-03-10
CONDITION OF THE TREASURY.

The condition of the treasury at beginning
of business yesterday was as follows:
Reserve fund-Gold coin and bullion $780,
100000. Trust funds to redeem outstanding
certificates-Gold coin, s647, 500 $780,: silver
dollars $471,620.OO0; silver doIiarss.pf 1890,
50. 357 goo; total. 81 .125 279. $50. General
fund, $210. De, 31S: deposits In national
banks, 1888 024. l02; in Philippine treasury,
g. I'll ,494; awaiting reimbursement, s02, 800;
current liabilities, Sill .31S. 1876.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-03-10
Dry Goods Firm.

NEW YORK. March e.-The dry goods
market held very firm today and was
quite active on sheetings, white goods,
ginghams, linens, burlaps and carpets. The
silk trade Is in very good condition. both
as to piece goods and ribbons. The les
sened importations of linens during Feb
ruary il attracting considerable attention.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-03-10
Chicago Grain and Provisions.
Paris Bourse.

PARIS, March 9.-Prices on the bourse
today were weaker, mainly on account Of
the New York prices. The issues of cleo
trical companies suffered slightly from the
strike of electricians here. Russian I'M
perial As closed at 70. IS and Russian bonds
of 1904 at 1870.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-03-10
New York Mining Stocks.


NEW YORK. March 9.--The usual in
action prevailed in the metal markets in
the absence of cables and prices were more
or less nominal Tin was quoted at
AZ. 0ca42.10 Copper continues firm with
lake quoted at %. 2da25. IS; electrolytic,
25.OOa25.2 % and casting e4.yoaa475. Lead
was unchanged at 600aa 30 and speIter at
6.soa6.9o. Iron was reported firm at recent
prices.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-03-10
Imports Of Specie.

NEW YORK. March 9.-Total imports Of
specie at the port OF New York for the
week ending today were $5l, 3O4 silver and
&i4.dD5 gold. Total exports of specie from
the port of New York for the week ending
today were $1.000.405 silver and $303. 915
gold.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-03-10
New York Coffee.

NEW YORK. March 0.-The market for
coffee futures opened steady at an advance
Of 5a10 points in response to steady cables
and little demand from recent sellers In
the absence Of Important offerings. Trad
ing was quiet during the early session.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-03-10
The Technical Position.

As to the technical position OF the market
II is significant that commission houses
that have refrained from buying for many
months past have commenced to advise
their clients to purchase at present levels.
There has been significant absorption OF
some OF the standard railroad stocks which
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-03-10
The Rate Of Return.

Aside from these considerations threaten
ing the integrity of the present rate of
earnings there is the consideration of the
discrepancy between the rate of return of
securities at present dividend bases and the
high interest rates in the money market.
II has come to be believed that prices OF
securities had been pushed to an unreason-
able level and held there largely by main
force by the market operations OF men of
a very wealthy class. the owners of enor-
NOUS fortunes which have developed in the
last few years. The liquidation is attributed
largely to this origin and Is regarded as an
outgrowth of a readjustment OF ideas of
values measured by the course of the
money market and a recognition OF the
necessity of a scaling down of the credits
involved In sustaining the fabric of securf-
ties markets at an artificial level in order
to effect redistribution of capital to con-
form to the new requirements presented.
Ut is this superstition OF the forces In the
market that has given the liquidation the
name OF the rich mems panic"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-03-10
Drastic Liquidation. j..

'-rghe drastic liquidation has proceeded
without any actual news to throw light on
-Gs motives or sources. No doubt is felt,
however that feeling of general discour-
agement over the financial and business
outlook lies at the root of the stock mar
kct's trouble. The current comment in the
market laws the greatest share of respon-
sibiity for this gloomy feeling to the por-
tentous growth of the spirit of antagonsm
To- corporations and great aggregations of
al
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-03-10
Turn Against Shorts.

A severe turn was executed against the
shorts in the middle of the week by the
Reading episode, and the scramble TO cover
at that time revealed the extent to which
professional short selling has figured in
the severe declines which have occurred
In the market The Reading movement
proved temporary stay to the fall and
checked the. progress toward the demon
alzation of the market. But enormous
liquidation was again renewed to take
advantage of the slight recovery in the
price level and the market relapsed into
its previous unsupported condition.
Arizona republican., 1907-08-04

Notice Is hereby given. that the
Board of Education of the Tempe Nor
NAL School of Arizona, will. up to
twelve o'clock noon on the 26th day
Of August. 1907. receive sealed appli-
cations. at the office of Alfred j. Pc
ters. secretary of said board. in Tempe
Arizona, for the leasing for terms of
one or two years parts or all of the fol-
lowing described land situate in the
county of Maricopa, territory of Ari-
IONA. to-wit: All of Section sixteen
00 in Township ID North. Range
four (D East of the ella and Salt
River Base and Meridian, except the
following mentioned and described
tracts, heretofore leased, to-wit:
1. A tract of thirty (3O) acres, more
or less. in the southwest corner of said
section, heretofore leased to B. C.
Pearman:
2. A tract of thirty-five acres, more
or less. in the northeast corner of said
section, heretofore leased to ]. ID.
Cooper;
3. A tract of four and half
a & 1-2) acres. more or less, in the
southeast quarter OF the northeast
quarter of said section, heretofore leas-
ed to Jesus Martinez; and
4. A tract OF one and one-half
Il & Ley acres. more or less. in the
northwest quarter of said section here
tofore leased to J. Z. Sturgeon.
Each application must describe, with
common certainty. the piece or parcel
of land proposed to be leased therein
and be accompanied by a certified
check. payable to the order of Alfred
]. Peters. secretary, for an amount
equal to at least ten per cent of first
annual amount of rent bid. payable
only in the event of the acceptance OF
such application by the board.
All of the land will be leased from
September first. 1907. except a strip
in the south half OF the north half OF
said section, containing thirty-seyen
t37) acres more or less, heretofore
leased to Il. Matley. which last men
toned tract will be leased from Octo-
Der first 1907.
The terms and conditions upon
which said land will be leased may
be seen at the office of the secretary
of the board at his office in Tempe
Arizona.
The board reserved the right to re-
ject any and all applications.
Dated at Tempe, Arizona, July 9th
1907.
ALFRED ]. PETERS,
Secretary of the Board of Education
c: the Tempe Normal School of
Arizona.
Arizona republican., 1907-08-04
running for less paid advance.
EOR SALE.

Tf1F HAMMOND AUCTION HOUSE
will be opened Monday Aug. 5th'
r.s5y for business. Parties having
salss they wish made or goods they
wish turned into cash, will please
call Regular Saturdays sales VIII
he held each Saturday at 1870 p. m.
Resp. ". ID. Hammond, auctloneer.
Arizona republican., 1907-08-04
TO LET

$50 acres, 20 acres in alfalfa. balance
in stubble. This ranch is in good con-
ditch. and will rent reasonable to re-
sponsible party.
A very handsome place, with seven
brick rooms and screen room on the
north side. close in. Will lease for
$35 per month or $500 by year.
pleasant room brick house with
shade and lawn. stable and chicken
yard. electric and gas. at SO per
month by the year.
a nice s room brick cottage. pleas
ant surroundings, blocks north of
court house. Price $50 per month.
A splendid home place on the aven-
ues. five room brick, elegantly fur
nished. has been no sickness. modern
built; s35 per month will lease for
year.
Arizona republican., 1907-08-04

10. A. King, Asssyer & Metallurgist. Mining
Milling. Smelling and Irrigation Machinery
Is y. Second Ave. Phoenix. Ariz.
Arizona republican., 1907-08-04
Sale and Rental
Property

6. acres ~ miles from the court
house. is now cultivated as a vegeta-
BILE garden. This place can be bought
reasonable and on easy terms
20 acres Of the very best of land is
listed at $50 per acre.
A handsome and a cosy home on the
north side, very modern built. You
will have to see this bargain to APP
preciate its worth. Price $31OO
A nice small frame house with reg
ular size lot on the north side: 5000
takes II.
A fine 5 room brick cottage. very
modern built. with good shade and
lawn. large lot. 80 by 173 deep; this
can be bought for 5000. half cash
at that
Arizona republican., 1907-08-04
PREPARE ED

We are now prepared to erect Wind
Mills. Tank Towers and do Pipe Work.
Drill Wells Install Engines; anything
for first class water service.
n. L. CARPENTER, with
PRATT GILBERT CO.
Arizona republican., 1907-08-04

Within the cosiest corner of my
dreams, cactus candy sits. high thron-
ed. above all other sweets that be;
From it the very sunshine CLEANS,
And sunlight thoughts II brings to me,
Arizona republican., 1907-08-04

j. W. CRENSHAW-Attor at Law Office
2l0-2u Fleming Building. Phoenix Arizons
Arizona republican., 1907-08-04
SITUATIONS WANTED.

HANDY NJ -~---->-------~---~~~
go. Man wants work. Under
s''l-lt earDeatertng. painting and
a. .-'s fepai-ias- Terms moder-
$ = & "a East Ven Rpren
Arizona republican., 1907-08-04

NOTARY PUBLIC.

Z. Z. PAgCOE. Notary Public. Convey
sneing . speciality. Acknowlsdgo0eati
taken. lie North Center street.
The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1906-1907, 1907-10-14

altogether?" We're the questions he
fired. like shots from revolver. at
the slatternly woman who answered
his summons. 81 presume | am ad-
dressing Mrs. Harriet SmlthT' he add
ed, noticing with alarm that she look
ed angry.
mo. you amt" answered the woman
snappishly. MY name is Selma Jack
son. my BARNS go to school and my
'usband's dom what is necessary to
plateful of steak and onions at this
very moment Would you like to know
anything else? Where was bornT
When l was baptized? At what age
started courtin'? Perhaps she con-
cluded sarcastically, rolling her latter
ed sleeve up above the elbow, you'd
like to see my vaccination mark before
you go?"
But the bashful curate was already
in full fight Liverpool Mercury.
The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1906-1907, 1907-10-14
The Earth's Shadow.

The earth has shadow. but very
few ever see it. except in eclipses OF
the moon. or else few recognize it
when they see it. Nevertheless. many
Of us have noticed on fine, cloudless
evenings in summer shortly before
sunset a rosy pink arc on the horizon
opposite the sun. with a blush gray
segment under it. AS the sun sinks
the arc rises until it attains the zenith
and even passes it. This is the shad-
ow of the earth.
The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1906-1907, 1907-10-14

The two local football teams were
defeated Saturday by the Houston
and the second high school team of
Spokane. The local boys played
we'll, but the visitors we're too much
for them. It il thought our boys
will be in better shape for the next
contest and will secure a victory.
The Folsom block is nearing com.
pletion, 1t Is expected 1t will be
turned over to the Lakeside Furni-
ture company, by the first of the
week, The company will be ready
for business by Nov. /. The build
Ing is 60 by 80 feet, with balcony
In the rear, 80 by go feet. It will
be- one of the finest buildings in the
city, atfording excellent space accom-.
modatlons to the company occupying
~
The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1906-1907, 1907-10-14
CITY IN BRIEF.

s. U. Leach and wife, Of Garfield,
Wash, are in the city.
f. ". TlnkIe is making an extend
cd business trip in Oregon this week.
W. W. Terrell and wife, of st.
Joe, are Occur d'Alene visitors today.
b. n. Hamilton, manager of the
Springston Lumb Der company, Teturn-
cd home today.
H. I. Dillon is constructing a nice
new home near the corner Of Har-
Fison and A treets.
William McCarter and wife, of st.
Maries, where they we're formerly in
the hotel business. are In the oity.
Mr.. and Mrs. j. W. Thomas, the
latter sister OF Leroy Weston. the
civil engineer, arrived In the city
Saturday from Dayton, Ohio.
q. Arthur Goble, the undertaken
10 laying plans to leave in the near
future for Kansas City, where he
thinks he will locate permanently.
Judge and Mrs. W. W. Wood are
at the Hotel Idaho, where they will
remain while the Judge holds court at
Rathdrum, the major going and com
ing daily.
j. T.. Turner, wife and daughter,
OF Harrington, Wash. were viaItors
yesterday Of Marley Fisher. MIR.
Turner 10 an undertaken and was
looking up location.
Caesar Masini sold In the Costello
park 90 lots within the last three
days. This indicates that propert y
is moving In good shape. He also
sold lot 1, block 90, Kings addition
to Mrs. Susan Ring for $3.50.
Mrs. J. A. and Floyd Rooney,
mother aud nephew respectively OF
J. w. Rooney, arrived today over the
Northern Pacific from Sunbury,
Penn. II the place Is satisfactory TO
them they will make it their perman-
emit home.
The Big Prong Mining company
has purchased Of the Cooper brothers
two more claims near It's present
pPopartv. The cumpAny has 4. G..
Garvin, of Spokane, on the ground
inspecting It's property and good
report Is anticipated from him 10 the
near future.
The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1906-1907, 1907-10-14
Lone Men Wanted.

The records in the war department
in washington are as a rule very dry,
but occasionally an entry is found that
is humorous.
An officer of engineers in charge of
the construction Of road that was
to be built through swamp, being
energetic himself and used to sur
mounting obstacles, was surprised
when one of his young lieutenants
whom he had ordered to take twenty
men and enter the swamp said that he
could not do it the mud was too deep.
The colc2e, c-.lcred him to try. He
The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1906-1907, 1907-10-14
crushino the cursto.

Ore OF the first tasks they set the
new eurate. who was handicapped by
youth and inexperience, was to investi.
gate the bona fides of a widow wo-
man" who had applied to the church
for help. He departed nervously on
his errand and knocked, as Ill luck
would have 1t, at the wrong door
slow long has your poor husband
been dead, my good woman? What
number Of children have you? Are
any Of them working? If so. what
amount Of money are they earning
The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1906-1907, 1907-10-14

did SO and returned with his men COW
cred with mud
Colonel, the mud is over my mems
heads. / can't do it"
The colonel insisted and told him to
make a requisition for anything that
was necessary for a safe passage.
The lieutenant made his requisition in
writing and on the spot. 1t was as
follows:
II want twenty men eighteen feet
long to cross a swamp fifteen feet
deep."-Harpers Weekly.
The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1906-1907, 1907-10-14
kna,u Hia cananiAu

Stranger Ito waiterl-Isn't that man
named Meier who is paying his bill
over there?
Waiter-I don't know. 1 haven't
been long here.
S.-What has he had?
Wien glasses of beer and bottle
Of wine.
Sob. yes: it is he then.-Paris Rire.
The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1906-1907, 1907-10-14
SMALL CALLS STRIKE OFF.
tCOutlnued from Page IL

stEated their opposition to the sur.
render suggestion.
HOLDS AT DENVER.
Denver, Col, Oct. 1.-THE local
union of telsgraphers last night
adopted a resolution declaring unani-
mously In favor Of continuance Of
the strike until ali demands are
granted.
SALT LAKE STUBBORN.
Salt Lake, Utah, Oct. 14.-At q
meeting here OF less than half Its
membership the local teIegraphers'
union voted TO continue the strike.
TURNS DOWN SMALL.
Kansas city, Mo, oct. lA.-TWo
hundred striking tel@graphers of this
city met aud voted unanimously in
favor Of continuing the strike. None
az the speakers supported President
Small's suggestion to call of the
strike.
The local telegraph companies are
receiving daily applications from
operators desiring positions aud the
manages assert that they are not cnn-
cerned about the action of the strik-
ers.
NO YIELDING.
San FrancisCo, Oct. 1.-THE local
kaiaev-a ,kausS ,,nlnu V,ntaA 10 aoR
Time the strike.
ST. LOUIS TO REMAIN OUT.
st. Louis, Mo-, Oct. l4.-At a
meeting the members of the local
Commercial Telegraphera' union
voted to remain out on strike.
HOLD OUT FOR EVER.
Seattle, Wash, Oct. 1.-THE
striking teleRrapLers voted uuani-
mously TO continue the stike. They
say thay have assurance from labor
leaders that they will receive sufEl
cient financial aid 20 hold out indeti-
nitely
PORTLAND rs oBDURATE.
Portland, Ore, Oct. IA. The 10
cal telegraphers ct q meeting voted
10 continue the strike until all their
demands we're granted.
SMALL SUSPENDED.
Chlrago, Oct. 1I.--At q meeting Of
aha axaCnffva aommAttaa of tina Cnm.
marcial TelegFaphsrs' Union OF
America President Small was sus,
pended. The following message was
aent to President Snail by the exc.
cutivs committee:
Under article 10, section Z, Of
tbe constitution Of the Commercial
Felegraphera' union Of America, you
ere hereby suspended from the ofiic,
The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1906-1907, 1907-10-14
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