davidaulloa/AmericanStories huggingface dataset:
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-08-17
LOCAL FINANCIAL GOSSIP.

Yesterdays session Of the Washington
Stock Exchange was one Of the shortest
Of the year. and one of the dullest
though a fair volume Of business was
done for the week end In the quiet month
of summer. Prices were not much
changed. except that Capital Traction Is
showed some weakness on the bids Sew
eral fractions OF the bonds and two or
more Of the full bonds could not find a
market, though offered at the ruling price
Of 10
Washington Gas sold at 693s. but little
of the stock changed ownership. Capital
Traction remained at 12S. the dealing be-
ing only in fractional lots.
The Saturday holiday will be observed
to-day as usual
Opinions on the New York Market.
G. Bowie Chapman. OF E. r. Chap
man & Cot was quite firm In the
belief yesterday and again this morn
ing that the recent strength was
caused by short covering, aided in a
small degree by some inside support
but ! was equally as firmly convinced
that the inside support was half-heart-
ed and did not contain the proper
amount OF energy to continue the
market on the up track The known
movements of currency This week in
dictate a gain in cash by the banks Of
S411. 500"
George L. Edmunds, of A. o. Brown
& Cot was generally supposed that
the buying for important interest was
based on expectations of assurances Of
a modified administration policy in the
speeches of Secretary Taft and Presi-
dent Roosevelt next Monday and Tues
day. This opinion changed somewhat
in the afternoon when ii was rumored
that Secretary Taft's speech would in
dictate no abatement of the rigorous
policy against corporations. This led
to heavy selling by room traders which
broke prices in the afternoon below
yesterdays closing. figures There is
some ground for belief that the most
favorable developments within a day
or two viii be in the nature of an an
nouncement Of plans for momentary
relief by the United States Treasury"
Benjamin Woodruff, of Post & Flagg-
This has been another day of diseour-
agement. Disappointment was especially
acute. as there was entertained, and still
is, hope that the administrations policy
may somewhat change. Well-informed
sources believe Mr.. Roesevelt's speech at
Providence will be decidedly reassuring
However, if Mr.. Taft's speech is as out,
lined, Il IS not encouraging, although
there is nothing so terrible In it, after all
There is well-founded belief that the
Bank of England viii allow interest on
gold in transit, which would render. gold
exports at the present rates of exchange
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-08-17
CURRENT TRADEGOOD
Staple Commodities Affected
by Telegraph Strike.
NEW BUSINESS is REPORTED

Mills and JObbers Find store Trans
actions Observation-Disclosures Secure
ties Lowest Since 10O4-Commer-
eIaI Failures Fewer Than Previ-
Gus Week-Crops show Progress.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-08-17

Strangers in Washington will find de-
sirable rooming and boarding houses ad-
vertised in The Herald.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-08-17
NEW YORK STOCK MARKET.

Quotations furnished by A. o. Brown & Co. men,
bers Of the New York Stock Exchange, Munsey
Building.
Sales 10 noon .24O, 500 shares
Total sales 100000 shares
Can moneys H., 3; IoT, ga; close, 21s
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-08-17

Quotations are furnished by f. r. Chapman &
Co., members New York Stock Exchange G. Bowie
Chapman. manager 1901 street northwest
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-08-17
MINING STOCKS.

Quotations are furnished by Irving K Harrington
Co, members Of the New York Produce TX
change, 3O9-ll Bond Building
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-08-17
CURB MARKET.

Quotations are furnished By f. X. Chapman &
To-. members New York stock Exchange G.. Bowie
lhipman. manager, 1901 street northwest
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-08-17
The Safest Investments

are those that do not depend upon the
financial responsibility OF the stability u
any individual 0r corporation First deeds
u trust tmoTtgagei notes literally secured
cu sod real estate IL the District q Co
lumhia constitute "Cilt-edze investments.
These are the only KIND we make and sup
ply % investors. They bar interest. para-
be semi-auunaily. az the rate q Five Per
cent per aHuum. and may be- had q Us IN
amounts from 500 and upward az par and
accrued interest. Send for booklet. Cen
e.rL.-. L.aEs and IuEa..m-r-t. -
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-08-17

Washington Gas sold at 697s. but little
of the stock changed ownership, Capital
Traction remained at 12S. the dealing be-
ing only in fractional lots.
The Saturday holiday vii! be observed
to-day as usual
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-08-17
BOSTON STOCKS.

q -tlt0- el-o'l."N against e-,Vlo-bJ yesterday
0 a week ago. and s.. 955 90 year ago.
The river press. [volume] (Fort Benton, Mont.) 1880-current, 1907-11-13
Meat Prices Reduced.

CHICAGO, Non. 5.-Prices of beef
and hog products, which for months
have steadily increased in Chicago,
are being treated with a sort of reac.
ton, which, it is declared by men who
are handling the products, means a
substantial reduction. in prices
throughout the middle west.
The first intimation that the prices
were to become less came from Ed
ward A. Cudahy, president of the
Omaha Packing company. His COM
pany has reduced all prices at Omaha
ten per cent and promises a bigger re.
duction. One explanation of the re.
duction of the price of beef is that the
supply of range cattle in Chicago is
at this time overabundaut and the de.
mand for it falling Oft in a remarka.
BILE manner
The river press. [volume] (Fort Benton, Mont.) 1880-current, 1907-11-13

others that were unnecessary and I'm.
dignifed. One Of these disputes be-
came SO warm that the president un-
dertook to nominate some Of his OPP
ponents for membership in the
Ananias club.
These mistakes, however, were of a
comparatively trifing nature. and do
not affect Mr.. Roosevelt's standing as
one of the best presidents in the his
tory of the republic. He deserves and
retains the confidence of the American
people in his crusade against success
full dishonesty. His most bitter critics
will not question the sincerity OF the
president in his efforts to secure a
square deal for every citizen, and to
place the industrial and financial in.
terests of the country upon a firm
foundation.
As to making mistakes, the politi-
cal party which nominated and elected
Mr.. Roosevelt to the presidency never
guaranteed that he would be free from
an infirmity which afflicts all mankind.
The errors of judgment, however, have
been so few and unimportant that the
record of Mr.. Roosevelt's administra.
ton will be endorsed in the next presi-
dental contest.
The river press. [volume] (Fort Benton, Mont.) 1880-current, 1907-11-13
Two-Cent Fare Improbable.

CHICAGO, Nov. 5.-Largely increas-
ed business, but with considerable
loss in revenue, is shown by an inves-
tigation made by George j. Charlton.
general passenger agent, of the two.
cent fare laws. Tariffs in compliance
with these statutes have been in effect
for four months and comparison with
the receipts for the same months OF
last year show a loss of over 800, O0C
on the Alton.
1.-THE increased number of passengers
for the long haul has been substan'
tial," said Mr.. Carlton, ''but there
has been a net loss of one-half cent s
mile on every ticket, for under the
three-cent fare the long haul averaged
about - cents a mile. On short hau
tickets there have been large sales
bu. here the road has lost one-thirC
of what would have been made unde
3 cent fares.
The river press. [volume] (Fort Benton, Mont.) 1880-current, 1907-11-13
Settlers May Get Patents.

WASHINGTON, Nov. 6.-The com.
missioner of the general land office
has formulated a plan whereby parties
having some interest in lands, patents
for which were issued years ago, but
which have not been called for by the
patentee, may, without mourning the
expense of searching for lost dupli-
cate receipts or furnishing abstracts
OF title, have such patents sent direct
ly to the proper county officer for
record. II is believed that this method
will be the means Of placing many of
these ancient instruments OF record
and of strengthening out title without
imposing expense on the interested
parties other than the fees of county
officers. 1t is said that many valua.
bic tracts are thus involved.
The river press. [volume] (Fort Benton, Mont.) 1880-current, 1907-11-13
The British Fourth of July.

LONDON, Nov. 5.-With the custo-
mary fireworks, bontires and patriotic
addresses, parades and demOnstra-
tions, Guy Fawkes day, the British
Fourth of July is being celebrated
throughout England today. The &C.
casion of the celebration Is the ami.
versary Of the attempt to blow up the
British house Of parliament, king,
lords and commons, by Guy Fawkes
and his fellow conspirators in 1905.
Although the enthusiasm manifested
is not as great as in past years, and
the celebration is gradually losing its
rational and historical significance,
the holiday is being generally OBJ
served, especially by the children.
The name Of Great B~ritaiu's great
es, and noisest gala day is somewhat
| misleading, in that the whole credit o.
the 'gunpowdcr plot has been popu'
larly laid on the shoulders OF Guy
Fawke-, whereas history records thai
he was far from being the most inn
portau, of the plotters and appears &c
have been chosen by the chief con
]spira,or- because of his GOODNESS ane
courage.
The river press. [volume] (Fort Benton, Mont.) 1880-current, 1907-11-13
RESULT OF ELECTIONS.
Returns Do Not Indicate Much
Change In Politica!
Sentiment.

NEW YORK, Nov. g. Additional
returns received through the night
and this morning confirm the general
results already announced, and clear
up some Of the doubts in closely con.
tested elections. The main results, as
now established, are as follows:
Governor Guild of Mass achusetts,
has increased his plurality to about
los 900 as against 30, 900 in 1906. The
entire state ticket and both branches
OF the legislature are republican.
Maryland, which was in doubt last
night, has elected the democratic
candidate for governor, Judge Austin
l.. Crothers and the entire democratic
state ticket by about 1000 plurality.
The Legislature is apparently demo-
cratic.
Rhode Island has reelected Gov
ernor James H. Higgins, democratic
candidate for governor, whose plur-
ality reached 1907, against 1000 in
1904. The general assembly is repub-
lican in both branches, ~ensuring the
return Of George Peabody Wetmore
to the United States senate.
Kentucky has elected the entire re-
publican state ticket, headed by Au.
gustus E. Wilson, for governor, by
maiorities ranging from 5 1900 to TO-
600. The Kentucky Legislature will
have a democratic majority on joint
ballot, and probably will elect Gov
ernor Beckham to the United States
The river press. [volume] (Fort Benton, Mont.) 1880-current, 1907-11-13
~ROOSEvELT'S MISTAKES.

The political opponents OF the presi-
dent are protesting to be delighted
with the election returns from Cleve-
land, o., where Tom Johnson, demo-
cratic candidate for mayor of that
city, secured "A substantial plurality
over Congressman Burton, the repub-
lican nominee. The latter had the
personal endorsement OF the president,
tative Of the Bryan faction of his
party.
In commenting upon the result of
the Cleveland municipal election, some
of the democratic organs assume it is
a rebuke to Mr.. Roosevelt and a re-
publ alton Of his policies. These
critics, however, make no reference to
the returns from Massachusetts or
Kentucky, where the friends of the
president were victorious by increased
majorities. If there is any political
significance in the general result O.
the recent off year elections, it will
require some expert figuring to prove
that it was unfavorable to the Roose
welt administr alton.
The endorsement of Burton by tn,
president In the Cleveland mayoralt,
contest was probably indiscreet, al
though 1t was due to personal friend
ship and had no important politica
considerations. The incident wa,
represented by the political opposi
ton as an attempt by the nationa
executive to interfere with local at
fairs, and that view of the matte
apparently had some justification.
1t will be admitted that MIR. Roose
welt, like the rest of US, o~ccasiouall
fails to do the right thing at the RICH
time. and subjects himself to criticism
in that connection. In the course G
numerous public speeches and news
paper interviews he has expresse
opinions upon various topics in IT
marks that were resented by those VIII
disagreed with him, and on some OK
casions has become involved in cor
%troversies with nature takers an
The river press. [volume] (Fort Benton, Mont.) 1880-current, 1907-11-13
Conrad Banking
COMPANY,
GREAT FALLS MONT
CUnincorporated.)
PAID UP CAPITAL. 100000
INDIVIDUAL RESPONSIBILITY OoO. 900

W. G. CONRAD, Pres.
JAMES T. STANFORD,
Vice-Pres. and Manager.
A. E. SCHWINGEL,
Cashier.
OMAR j. MALCOLM,
Asst. Cashier.
The river press. [volume] (Fort Benton, Mont.) 1880-current, 1907-11-13
BIG IMPORTS OF GOLD
Millions From Europe Will Relieve
Money Stringency.

NEW YORK, Nov. 5.-The arrival
Of the first treasure for the relief of
the stringency was the feature of the
financial situation today. The Kron
Prinzessiu Cecilie was reported off
Fire island at 6 o'clock in the morn
ing and soon after 10 o'clock had
locked and was unloading $1,000, 900
of the yellow metal which will 90 to
strengthen the New York bank re-
serves.
The new Cunard liner Lusitania will
follow closely in her wake, with go,
OOO, 900, and s14, OOO, 900 more will fol.
low during the rem ainder of the week
and early next week. The additional
Withdrawals from the Bank of Eng.
land today for the United States and
e25. 600 pounds for Canada bring up
the total gold engagements on the
present movement to about $50, 600,
600.
That the corner in the recent none.
tary difficulties has been turned was
evidenced today when, at q conference
of j. P. Morgan, Levi P. Morton, G..
w. Perkins and several other we'll
known financial men, attention was
directed to the situation in other Fl.
nancial circles throughout the coun.
try, to ascertain If the strain Of the
last two weeks had disclosed any weak
spots. With the situation cleared, the
bankers feel that they are now in a
position to render such aid as they
can to other points, should it prove
necessary.
The river press. [volume] (Fort Benton, Mont.) 1880-current, 1907-11-13
Flour Mills Shut Down.

MINNEAPOLIS, Nov. 5.-Owing to
financial conditions which prevent the
placing of advance orders. the -four
mills of the Consolidated company
we're shut down early today, and other
companies are reducing their out.
put. Another factor in the stu ation
is the extremely high prices of wheat,
which has operated to raise the prices
of flour to a point where buyers are
10 a waiting attitued,
The river press. [volume] (Fort Benton, Mont.) 1880-current, 1907-11-13
WOOD PRESERvATIvES.

1uc kOScTUuucuG AOEcStIJ OuICou uoo
reached the conclusion that, at the
present rate of cutting, the timber
supply of the United States will be
exhausted in about twenty years. AS
an instance of the enormous demand
upon our forests, it is stated that
about thirty million poles are in use
on 800, 900 miles of telephone and tele.
graph lines, and the demand for this
and other purposes is constantly in.
creasing.
The department suggests that a more
general use of wood atives
would assist in preventing a timber
famine, and has issued bulletin upon
this subject which says:
The decay of wood is caused by the
action of low forms of plant life called
fungi and bacteria. These live upon
the wood and in time completely de-
stroy it. In order to grow, they re.
quire a sufficient amount OF heat, air,
moisture and food. All of these re.
q%uirements are met in most parts of
the United States. When the pole is
set, however, air and moisture gen
orally exist in requisite amounts only
in hat portion of the pole near the
surface of the ground. The portion of
the pole buried several feet under.
the necessary air, while that part
above the ground, in most cases, con-
tains insufficient moisture for their de-
velopment. II the part near the
ground line can be protected from at
tack the life Of the pole can be ma
terially increased.
Many methods have been tried at
various times to protect this vital
part of the pole. Most of these con,
sisted in applying oils or paint or
similar substances with a brush to the
butt. With a few exceptions, they
have been largely abandoned as no,
giving the desired protection.
The forest service of the United
States department of agriculture has
olCuU COuSluCI uDlC VAIN ~ opluS
a method by which the butts of poles
can be successfully and economically
preserved against decay, with a con
sequent increase in the life Of the whole
pole. This consists in immersing then
in alternate baths Of hot and cold pre-
sentative, such as creosote or zin'
chloride. The poles are placed in ;
tank of hot preservative to a depth o
: one foot above the ground line whel
4 set, and kept there for u few hours
depending upon the species and condi
ton Of the timber. The pole is the
placed in a bath of cold prcservativ
Y for a short period, which complete
the treatment.
The government considers the in
vestigation in the preservative trea,
ment Of timber of such importanc
= that the business of one branch of
bureau in the department of agricul
# ture-thc office Of wood preserv a
ton in the forest service'-is give
s over entirely to the work OF expert
ments in corporation with railroa
companies, mining corporations an
individuals in prolonging the life {
,r railroad ties, mine props, bridge tin
,e bers, fence posts and t~ransmissio
d poles. Advice and practical assisl
ance is furnished all those who reQue!
Of this advice Of the forester. The length
II ening Of life of timber means a savin
,e Of thousands of dollars annual
through doing away with the heav
expense OF labor and cost Of materi;
he for renewals.
The river press. [volume] (Fort Benton, Mont.) 1880-current, 1907-11-13
WATER TRANSPORTATION.

The confession of railroad official
that their facilities are not sufficient
to handle the increasing business of
the country, and that it is impossible
for them to provide the necessary &C.
commod atoms, is arOusing public in
terest in the subject OF water trans.
portation. The Importance OF this
matter to the business interests OF
Montana is suggested in these remarks
by the Helena Record:
The movement which has been start
ed by the Helena commercial club
looking to a meeting in this city OF
representatives from other parts OF
the state for the purpose of taking
united action in connection with the
improvement of the waterways, so
that Montana may have the advantage
OF water transportation, is n that
should have the earnest support of
every citizen of Montana. Statistics
prepared by men who have made q
study Of the subject prove that freight
can be moved as rapidly by water as
by rail, the figures showing that the
average movement of freight traffic is
ten miles a day. That can be equaled
by river transportation.
That congress will take up at the
coming session the question of i'm
proving the inland waterways there is
no question. 1t may be several years
before great progress is made, but the
utilization of the rivers will be the
next great undertaking of the national
government. Most people have a hazy
idea of what is sought, and it is time
Montana got a clearer idea of the sit.
uatiOn. There has been a great deal
printed and said about a waterway
from 1.-THE Lakes to the Gulf That
sort of talk finds its source in Chicago
been at work preparing to gather for
themselves all of the benefits which
might accrue from river Improvement
appropriations. If they can accom-
plish their purpose, then it will mean
the growers of the northwest will ship
by rail to either of those cities and
there the transportation by water will
be available.
What Montana and the northwest
wants and needs is for the improve
ments undertaken by the national
government to begin at the source
on the Missouri. St. Paul has awak-
ened to the pcrils of the stu alton, and
the chamber of commerce of that city
has started u campaign which has for
its object the improvement Of the Mis-
souri, and the upper Mississippi. 1t
is this campaign in which Montana is
vitality interested. While the people
of this state and other states east OF
us are interested in the project, vigil
lance must be exercised or the cry
"From the Lakes to the Gulf" viii,
get such a hold on public opinion ant
congress that the Missouri will no
receive the attention it should.
The proposed meeting will give thu
residents of this state the opportunit,
to speak unitedly on a subject which
is of vital Importance and will
strengthen the position of not onl.
the members of congress from Nor
tana, but from the entire northwest.
The river press. [volume] (Fort Benton, Mont.) 1880-current, 1907-11-13

This bank solicits accounts, and
offers to depositors absolute security.
prompt and careful attention, and the
most liberal treatment consistent with
safe and profitable banking. Buys
and sells foreign exchange, drawing
direct on all principal American and
European cities, and issues Its own
Letters of Credit.
Interest paid on time deposits. This
highest cash price paid for approved
state, county, city and school bonds
and warrants.
The river press. [volume] (Fort Benton, Mont.) 1880-current, 1907-11-13
Fighting Forest Fires.

DEADWOUp, ). D., Nov. u. Reports
from the Lumber camps of the Nc
Laughlin Tie y Lumber company al
Wc-,Aaur. ~ miles from here, tell Of
II heavy timber fire raging to the west
The river press. [volume] (Fort Benton, Mont.) 1880-current, 1907-11-13

of the camp and close to Wyoming
border. The company sent a special
train of Is men to save their preserves,
but the train was checked by the
flames. The company has 500, 900 feet
of cut timber lying in the path of the
flames, which will probably be lost.