davidaulloa/AmericanStories huggingface dataset:
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-19
LOCAL SECURITIES
MONEY TIGHTERTHAN SINCE
PANIC.
Big Differences Between Previous and
Present Prices-Depreciation
in Gas.

General trading in local seclritie:
was light this week because of tn
great scarcity of money and the heavy
depreciation in the price of copper
stocks in the New York market. The
crash in those stocks affected all Other
securities there n u local securities
also. Not since the last financial panic
has money been so tight. Many per-
sons in Newark and Essex County
would like to buy bonds of local cor
porations because prices are so low,
but they cannot borrow the money ever
on good collateral.
Orders for several large blocks of
bonds were booked this eek by brok-
ers for men who have money, for bonds
that pay 4 to 8 per cent. interest are
from 10 to Is points lower in price than
they were a year ago. food local Sc
curities fell off from 2 to 5 points this
week because large blocks were thrown
on the sSarket by men who specialized
in copper stocks. They bought on mar
gin and when the crash in the copper
stocks came the local securities which
they had put up as security were sent
to Newark by New York brokers and
banks to be sold at a sacrifice.
"Our banks are in a far better condi-
tior than the New York banks are
said a 1nancicr, for our banks are not
calling in loans. Our merchants and
manufacturers are heavy borrowers
from the banks, for they need cash in
their business. The trouble is that rail-
roads and other corporations and busl-
ness men have been borrowing great
| sums of money all through the United
States, and speculation in real estate
has taken a a amount of money out
of the banks.
conditions are worse than if we had a
financial panic; after recovery from a
panic money has always been plenty, but
the stringency in money has been on
for some time. and there is no prospect OF
a betterment for a long time"
Consolidated Traction stock sold this
week in the market at 81 to "a, a loss Oh
three to four points since last week, While
the bonds sold a point off at 80 and par
White Line bonds sell at 60, a loss of w
points, but North Jersey bonds remained
at GA. Public Service certificates sold at
81 and IS. a loss of two points, but the
notes held their own at 49,. United Electric
bonds lost two points, selling at go and 6l.
Newark passenger bonds remained firm
at 1903.
The heaviest depreciation in value was
N gas securities. Essex ana f1uuson 1as
stock sold off five points at 105 and los,
and Hudson County Gas stock lost five
points also. sales being made at 80 and 50.
while the bonds sold at 80 and par. New
ark Consolidated Gas bonds sold at 101 and
102, a point off. All gas securities de-
preciated in market value.
There was no trading in bank and In
surance stock. 1t was said that If money
conditions do not improve savings banks
will not make loans on new mortgages at
5 per cent. interest.
Following is the range of prices and
securities of the local market, as furnished
by ]. S. Rfppel. 76O Broad street:
COUNTY AND CITY
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-19
WALL STREET
STOCKS CONTINUE DOWN.
WARD COURSE AT OPENING
Coppers Lead in the Decline, but Ma
jority of Leading Railroad Shares
Follow Them Closely.

NEW YORK, Oct. 19.-The downward
tendency Of prices continued in most stocks
in the opening dealings today, those con-
! nected with the copper industry holding
their conspicuous place in the decline,
There were advances in a few of the inn
portant stocks, including Union Pacific
with a rise OF q. American Smelling fell
~. Amalgamated Copper IL, Minneapolis,
St. Paul and Saul Ste. Marie preferred 17s,
Reading and Missouri Pacific a point and
Pennsylvania, American Car and the Cen
trail Leather stocks large fractions. North
American sold Mt an advance of ,.
II a. m.-The market was nervous and
feverish and the Copper stocks were under
continued pressure, Amalgamated Copper
falling 8 points to 1875, a low record for
the movement. Large blocks of Reading
also were hsold and there was considerable
selling of the Hartman stocks which re-
ceded to about the low prices of yesterday.
Reading also established a record for the
movement at S27s. Other declines of note
were Nashville, Chattanooga and st. Louis
61k. Lackawanna and American Ice 5,
Minneapolis, st. Paul and Sault Ste. Marie
preferred 3s, Atlantic Coast Line 2%, New
York Air Brake "a, I~nternationa Power
IA, and Union Pacific, Southern Pacific.
Northwestern, Northern Pacific, Denver
and Rio Grande, the Kansas and Texas
stocks, Railway Steel Spring, Pressed
Steel Car preferred. American Car pre-
ferred, Republic Steel preferred and Con-
solidated Gas /. Cleveland, C. c.. and st.
Louis advanced as, Illinois Central 2As,
Kansas City Southern preferred 2 and Cen
eral Electric, Plttsburg Coal preferred and
Western Union l. There were violent re-
bounds, followed by wide fluctuations.
u m.-The market closed weak at the
lowest. The sudden rebound put some
prices over last night but did not hold.
The tone continued uncertain after the ap-
pearance of the bank statement. The
heavy accumulation of cash was attributed
to precautionary measures on the part of
the banks. Prices ran off in the late
dealings, American Locomotive preferred
declined Shs. Minneapolis, st. Paul and
Sault Ste. Marie 9&, Union Pacific and
Interborough-M Metropolitan preferred 2 and
ST. Paul, Great Northern preferred, Mis-
souri, Pacific, st. Louis and San Francisco
second preferred, Louisville and Nashville,
Great Northern Ore certificates. Anaconda,
Pressed Steel Car, Mackay Companies
stocks ! or more. u. S. Reduction pre-
ferred rose 8 and lows Central l.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-19
THE PRODUCE MARKET.

NEW YORK, Oct. 19.-Flour-Receipt5,
%, 299; sales, $500; firm but quiet; MIME
sofa patents, 5.60d6.O0; winter straights,
4.65@4.90; Minnesota bakers, 4.50a5.10; win
ter extras, 4.00G4.25. nominal: winter pat
ents, 4.95Q5.55 winter low grades, S.9044.15,
nominal.
Wheat-Receipts. 1885, 900; sales, 1000, goo;
higher foreign cables, continued drought
news abroad, renewed export demand,
ering of shorts put wheat ups cents per
bushel this morning. December, 1.1Sh@
Lay; May, 1.144@115B.
Rye-Easy; No. 2 Western, 81 f. o. b.
New York.
Corn-Receipts. 1925; sales, 5000; open
ing up with wheat, corn shortly reacted
under lower Liverpool cables and local
pressure, but again firmed up on liglls
offerings and covering. December, 725sW
1875; May, 69%d701s.
Beef-Steady; family, 14.5OQ15.00; mess.
10.0OQ10.50; packet, 11.50@12.00.
Pork-Steady; mess, 17.00017. 70; family
l9.O0d19.50; short clear. 16. 75617. 70.
Lard-Steady; Western prime, 9.40d9.50.
Sugar-Raw. steady; fair refining. $40,
centrifugal, 90 test, 800; molasses sugar
sos; refined, steady; crushed, $40; pow
dered, $40: graduated, 500.
Petroleum-Firm; refined all ports, S.70Q
tos, Sk.
enthusiastically: New Orleans, s764S.
Butter-Steady. unchanged; receipts 4,0S4.
Cheese-Quiet. but firm and unchanged;
1,92S: weekly exports 942.
~Eggs-Steady, unchanged; receipts 4,733.
Poultry-Alive, nominally unchanged;
weak; Western spring chickens,
turkeys, 12@1S; fowls, 12613h.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-19
NEWSPAPER ADS PAY.
Railway Managers Find Them Best for
Obtaining Patronage.

ATLANTIC CITY, Oct. 19.-That $780,
Ooc,oW was invested in trolley and street
lines during the past year was reported
Thursday at the Convention here of the
American Interurban Railway Association.
The total liabilities reported were nearly
$4,OOO,0O0 900.
That trolley lines are promoters of all
kinds CT athletic sports was indicated to-
day when the railway men discussed means
for promoting traffic. Some of the cor
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-19
N AND

Call money in New York, nominal, no
loans. New York Sub-treasury debtor at
the clearing house for $541, 048.
Commercial bar silver in New York 60
cents, Mexican dollars 471s cents, bar sill
yer in London 81 1-16d.. premiums on gold
at Madrid 1905; at Lisbon g..
Paris rentes 4 franc 17h confines. Paris
private rate of discount 3h per cent. ex-
change on London % francs 10 confines.
Berlin private rate of discount Az per
cent. exchange on London 20 marks
49h pigs.
Money on call in London 2az63 per cent.
Rate of discount for short bills 4h@4A
per cent. three months bills 4%041s per
cent. Consols for money SO Lied; for ac-
count SO 3-16d.
Foreign exchange market held a steady
tone, with rates virtually unchanged. De
mand sterling was quoted 4.s61O@4. S615
cables. 4.S6s5@4. $500; s~ixty-day bills, 4.S2O5
@4.S215; short francs, 5.167s, and short
marks, 94S plus 1872.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-19
rHE cnrrnN MARKET.

NEW YORK, Oct. 19.-The cotton mar
ket opened barely steady at a decline of
2 to 9 points, and during the early ses-
sion sole at a net loss of 5 to 10 points
under liquidation and bear pressure. The
selling was encouraged by weakness in
Liverpool. which was attributed to in
creased Southern offerings, renewed weak
ness ii the stock market. small %spinners'
takiags for the week and an estimate by
n prominent Southern authority that the
recent frost had not curtailed crop pos
sibiliies by over $1,000 bales. During the
middle Of the ilornia5 trading was rather
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-19
The weeks FaiIuren.

Commercial failures this week in the
United States, as reported by r. G.
Dun & Co, are 22S. against 243 last
week. 2O2 the preceding week and 1856
the corresponding week las year
Failures in Canada number As, against
81 last week. "a the preceding week
and Ia last year. OF failures this week
In the United States, 100 were in the
East. so In the South, 43 In the West
and rs In the Pacific States. and rs re
port liabilities of $4,000 or more against
SO last week. Liabilities of commercial
failures reported thus far. for October
are $6.285s774. against $4,561,2ll fol
the same period n. year ago.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-19
cHInAao GRAIN MARKET.

CHICAGO, Oct. 19.-Wheat today open,
ed strong on good buying by shorts ano
a higher market at Liverpool. Deem
Der 1.02.
Corn opened strong but eased OH De
cause of lower ables. December 59%.
Oats opened firm but eased off when corn
declined. December %.
Provisions steady. January pork loso'
lard, S.97Is; ribs, sos to S.0712.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-19
GETS LIMIT OF LAW.
Life Sentence for Fiendish Crime Sur.
nrises Chicago Lawyers.

CHICAGO, Oct. ia verdict UNIQUE
in the annals of the local criminal court
was returned yesterday, when a man adj
Judged guilty of az atrocious crime was
given ''the limit of the law'' in penalty
Michael Maher was found guilty of
mistreatment of Josephine McGuckins
an 11-year-old girl, n sentenced to
imprisonment in the Joliet penitentiarv
for life.
Lawyers a that a "hfe verdict for
that crime is SO rare in this countrv
that they could remember no previous
one.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-19
New Jersey Corporation.

RENTON, Oct. 19.-Certificates Of in
corporation were issued to the folloYing
concerns here yesterday:
A, Gross & Co; registered Office, Jersey
City; agent, Joseph d. Beale; capital
stock, 100000; incorporators, Charles E.
Gross, Fannie M. Gross and Emma Slew
in; to render and melt fat. tallow, etc.
Forest. Farm and Products Company;
registered office, Jersey City; agent, Ar
thus q. Archibold; capital stock, $500, 900;
incorporators, Robert Falchero, Curt c..
Felker and william b. Fink; to operate
warehouses, pa~ckirg-houses, etc.
The Pond Tampon Company; registered
Office, Orange; agent. Edward w. Gard
ner; capital stock. $125,000; incorporators,
Lowell Green. Edward w. Gardner and
Benjamin H. Shepard; to manufacture
drugs, chemicals. etc.
Salango Export Company; registered of
fee Jersey City; agent, Registrar and
Transfer Company; capital stock. $2OO,0O0
incorporators. Benoni Lockwood. jr., Al
bert G. Watson and. Richard F. Tully; to
deal In real estate.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-19
Il LONDON MARKET.

LONDON, Oct. 19.-Followilg yester-
days depression of prices in Wall street
there was a general marking down OF
American securities here today, but a1ter
early weakness moderate support at the
lower level of prices caused an improve
ment and the market closed olstinc'iy
firm, with quotations half a point 10 d
over parity.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-19

Gracious. my dear said the first So
ciety belle. II hope you're not III; you
look so much older tonight"
I'm cutie well. thank yod. dear re-
piled the other, and yon-how wonderfully
improved you are, You look positively
young, Washington Herald.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-19
THE MONEY MARKET. !

NEW YORK, Oct. 19.-Money on can,
nominal; time loans. firm, but little DONG
sixty days, 6 per cent; ninety days Os per
cent; six months, 6 per cent.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-19
CLOSING PRICES.

Following are the quotations Of the days
closing prices, bid and asked, as furnished
by Byrne & Mcdonnell. stock brokers, 500
BROAD street. Telephone 615:
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-19
PRICES OF BONDS.
The following quotations were furnished
by Post & Flagg:
NEW YORK OUTSIDE SECURITIES.

The following quotations are furnished
by Van chaick & Co.:
Closing yester- Close to-
day, law.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-19
BUSINESS AND FINANCE.

quiet with the market about steady at
the decline.
Quotations furnished by Van schaick &
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-19
NEW YORK PRODUCE ExcHANC

Furnished by Byrne & Mcdonnell, stock
brokers, 800 Broad street. Telephone 6l5.
Opening. Closing.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-19
NEW YORK STOCK MARKET.

Following are the quotations of the days
prices, us furnished through Byrne & Nc
Donnell, 3UU Broad street:
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-19
cH1cAGo BOARD on TRADE.

Furnished by Byrne & Mcdonnell, stock
brokers, 500 Broad street. Telephone DO.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1907-06-29
CITY CHAT.
Insure with Beecher Bros.
Buy a home of Reidy Bros.

Insure with Beecher BrOs.
Buy home of Reidy Bros.
Tri-City Towel Supply company.
For bus, baggage, express, call Robb's.
For bus or express, Spencer & Trefz.
Kerler & Co, carpet and rug cleaners.
A slash in silk remnants Monday al
McCabe's.
The City Steam laundry has removed
to All Seventeenth street.
A rug sale at McCabe's worth Goa
sidering. You are invited
Special white waist and dress skirt
offerings next week at McCabe's.
Choice dairy butter 10 cents pound
at F. w. Moller's, 1928 Fifth avenue.
Choice dairy butter 10 cents pound
At F. w. Moller's, 1928 Fifth avenue.
% cents saved on every window
screen from Mueller Lumber company.
a reward of $50 will be paid
for the recovery of the body of Ru-
dolph Noss, who was drowned at Sew
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1907-06-29
STEAMER EMILY
SINKS ON RAPIDS
CoIlides With Wing Dam at Winne-
bago IsIand-CreW Climb Upon
UnsuomergeG Deck.

The steamer Emily. engaged in the
United States light house service on
the upper river. was sunk in u fee,
of water at Winnebago island, just
below Campbell's island yesterday al
ternoOn. The crew of seven men Gs
capped by climbing on top of the decG
which was not entirely submerged
Winnebago island is the dynamite
storage station of the government and
the Emily had landed and taken o.,
board a quantity of the explosive. ii
backing off the pilot failed to notice a
wing dam and the boat struck squara-
ly, three holes being driven in the hull
ny the jagged rocks
In its present position the boat can
be raised with ease.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1907-06-29
PERSONAL POINTS.

Miss Francis Louise Wertz of FO"-
reston. ILL.,. is visiting Mr.. and M:s.
George b. Coyell of 1920 Sixteenth
street.
Mrs. E. F. Mcdonald left yesterday
on the steamer Helen Blair for Keiths-
burg. III. where she will visit over
Sunday.
Miss Title Franks of Peru, III. ar
rived today for a few weeks visit at
the home of her brother William
Franks.
Mrs c. French, daughter Blanche
and two sons. Harry and VIII of 1928
Sixth avenue, departed last evening
for a visit at Lake Superior.
Mrs. Mary II. Wadsworth leaves TO
day for San Francisco from where sh2
will sail on the steamship Korea. July
visiting Honolulu, Japan and China.
Miss Adelia Frick, daughter of Al
derman Henry Frick, returned last
evening from Detroit. Mich. where she
has been making her home with rel1
tives for the last year.
Rev. r. b. Williams and daughter
| Miss Ruby Williams returned last eve.
ming from Bloomington. III. where Mr
| Williams OBLIGATED at the marriage 0!
! his niece Miss Isabella Williams K
Charles Kyner Miss Williams was ,
bridesmaid
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1907-06-29
RIDE FOR TWO
CENTS NEXT WEEK
Official Order Given Passenger Agents
b. 'he Railways in Acco: dance
With New Law.

Official notice was received toda>
by the agents Of the Rock Island and
Burlington Ina. tue cent fare viii
go in effect III Illinois Monday and in
Iowa July 4. The Rock Islands an
nouncement is heaued by the state
ment that the company feels COMPEL
ed. under protest, to pat in effect the
rate of 2 cents per mile as the rate OF
passenger fares in Illinois and Iowa
There will be no other reduced rates il
Illinois after tomorrow, and the roads
will discontinue the rate for clergy
men, charity, and inmates of the Sol
diers home, for points within thy
state.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1907-06-29
SHOWS TO ARRIVE
HERE TOMORROW
Attractions Under Auspices of Fire
men Will Hold Forth at Twenty
fifth Street and Fifth Avenue.

The Cosmopolitan shows which ap-
pear here next week under the aus
pices of the Firemens Benefit Fund
association. will arrive tomorrow from
Iowa City and will at once occupy the
grounds that have been fenced in a.
Twenty-fifth street and Fifth avenue.
Everything will be in readiness for
the opening performance Monday eve
ming. The attraction will be here six
days and six nights. The general au-
mission to the grounds will entitle the
spectator to see eight exhibitions free
twice daily. More than dozen other
shows will be included in the attrac-
ton. One of the leading acts is the
dive of Professor Charles Strahl 120
feet into a life net. Two bands furnish
music. The newspaper carrier boys
of the city will be admitted free Mon
day night.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1907-06-29
UNION TO FILE ITS
ANSWER BY JULY 10
In Injunction Suit Against Harmony
lodge-Three Divorces are
Grated ~ Court.

The circuit court was adjourned to-
day until next Wednesday. Judge
Graves in the injunction suit of Root
& Vandervoort against Harmony lodge
of machinists allowed until July 10 to
file the papers for the union in the
contest against the issuance of an in
junction.
Three divorces were granted by the
court, to Mrs. Augusta Sullivan against
Warren Sullivan, for desertion; Mrs.
Clara l.. Roller against Edward RoI.
lier, for cruelty; and Mrs. Myrtle
Moore against Louis J. Moore. for
adultery. Mrs. Hattie Robson was
allowed separate maintenance from
her husband, \. J. Robson. because he
miStreated her. Their financial affairs
were settled out of court.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1907-06-29

months, but had been i'll the employ Of
J. c. White Il Co. but a short tim2
Bert Record of Davenport, the foreman
of the crew, testified that he noticed
Steadman a few minutes before the ac
cident. and that at that time he was
removing brace from a primary wire
carrying 2,20O volts of electricity. He
explained that Steadman in some man
ner came in contact with what is known
as back pressure, carrying the same
number of volts. A number of other
linemen testified to the same facts
Nothing is known of the relatives Ct
the unfortunate man. and the remains
will be held at the Wheelan undertak-
ing parIors until they can be located
He was about p years OF age.
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1907-06-29
KILLED BY WIRES
Charles Steadman, lineman,
Comes in Contact With Dead
ly Electric Current.
WAS AT WORK ON A POLE
Total of 4,40O Volts Passes Through
Body, Causing Instant Death
Due to Back Pressure.

Charles Steadman, a lineman EN-
ployed by J. G.. White IL Co, while
working on a pole near Thirty-siX;h
street about 10 O'Clock this morning,
came in contact with two electric wires,
each carrying 2,2O0 volts, and was in
stantly killed. He was removing an
iron brace on the pole when the acct
dent occurred. When the wires struck
him, he died without ever uttering a
cry. NJ. \. MCInnns. another linemap
employed by the company and a room
mate of the unfortunate man. was
working on the pole next to Steadmap,
and looking over, saw the electric fire
flying from the mans body, and called
to the foreman to cut the wire. The
wire was cut, and the foreman immedi-
ately went up the pole 10 the young
man. He found him fastened by his
belt to one of the foot spikes in the
pole, and he and McInnins secured Il
rope and lowered the body TO the
ground
He was terribly burned about the
chest and arms, and all other places
where the wire struck, the flesh being
burned through to the bone in several
places.
The remains were removed to the
Wheelan undertaking rooms and an III
quest held at II o'clock this morning.
NJ. A. McInnins stated that he an 1
Steadman were rooming together ana
that thpV left tho house this moInip,r
shortly before o'clock He said that
neither OF them had been drinking.
They left the headquarters at Seven
teenth street about 7:45 and started 20
work at the corner of Twenty-thirl
street and Fifth avenue and worked
east to the point where the accident
took place.
Came From Chicago.
Steadman came from Chicago and Is
thought to have a brother living in
that city. He mad been here for several