davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1907-12-29
COMMENT ON MARKET.

George L. Edmunds. of Miller & Co.
The market again reflected almost en-
tirely the whims Of one group Of specula-
tors. who have practically made the mar
ket all the week. At the opening. the
tone of the market was strong. During
the first hour. heavy covering was much
In evidence. Toward the close there
was considerable recession on renewed
talk that the government was about 10
recall a proportion Of its deposits. so we
are inclined 70 think the close might be
called reactionary, rejecting largely
PROFIT taking. The last Saturday closing
OF the year finds the market largely in a
mood that might conservatively be term
ed harmful The premium on currency is
gradually disappearing; stocks. from the
standpoint Of intrinsic value. are selling
further below their real value now than
al any time in a decade. There is fair de-
gree Of probability that within two or
three weeks the Bank Of England rate
or discount Will have been lowered The
recovery and recuperatiOl OF prices Will
IN all probability, slow and long
drawn out, but ] be---ve Il safe 70 say.
In homeiy phrase. that We are getting
out Of the woods"
Benjamin Woodruff. OF Post & Flagg-
The market was strong. showing good
advances until the last quarter OF an
hour Of trading. when the Improvement
disappeared in proht-taking reaction.
The bank statement, as expected. was
favorable. showing decided decrease in
loans and Il satisfactory increase in re-
L ,.
that We are getting into the heavy re-
quircments OF the first Of the year with
bank reserves stiu fifteen 10 twenty
millions under legal requirements. and
with "a large volume Of clearing-house
certificates still outstanding: this despite
the fact that IL is two months since
the banking crisis. and that there has
been drastic liquidation in the business
world, as well as the stock market.
However. the banking situation IS mend
Ing. and on the right road, and while we
will probably have some pretty rough
rates in the next two weeks. money con
oitions should be much easier By the end
Of January
O. Bowie Chipman, OF Z. r. Chapman
* Co--In to-day's market. prices started
or very bravely, the leaders showing
overnight gains. Short covering was
continued. and. on the subsequent rally.
about a point was added 20 the opening
prices In the second hour. realizing
sales overweighed purchases against
shorts, and the market reacted sharplv
particularly so in the last fifteen minutes
The result is that most all issues not
only lost their early gains. nut closed
generally under last nights level The
bank statement was even more favorable
than expected. With a large decrease in
the loans ana substantial increases in the
reserve and cash, the deficit Is now re-
duced to figures slightly in excess OF
S-ae9'09Q Ia my opinion there ara suf1-
cient unfavorable items still pending
which. with a weaker technical position.
will cause further reaction during the
first part Of the coming week"
The Washington herald., 1907-12-29
BALTIMORE PRODUCE MARKET

Baltimore. Dec. 2s-Following are the urices
quoted at the principal commission houses.
BUTTER-Creamery, fancy. ter nound. ZsizaD,
imitation 2la23; Maryland and Psnnsylrania rolls
lSa0. store-pacSod Ohio and West Virginia. l6al7;
Maryland. Virginia. and Pennsylvania Isal9
LIVE POCLTRN-Od hens heavy Ter h Uat2.
Young do l2als; ROSTERS. each g5s50. ducks Dui
de. large. Hap; do. Musco7y and mongrel IOall
turkeys. Young. lbs. and over. l6al7
EGGS-Marland and Pennsylrania loss Of. fryts
q
DRESSED POULTRY. Young chickens. Der 10
l2als; do. mixed. young and old I2al3: turkeys
choice young. EaIS: geese. l2al3.
POTATOES-White. nearby. prime per husheI -
a6O; Western Maryland and Pennsylvania 60as5;
vans per b1rrel North Carolina. 225a250; fancy
Delaware. &75a4O0-
GREEN FRUITS AND NEGETABLES-Apples
Eastern Shore Maryland and Virginia per barrel
No /. L75a2O0 do. small common. L25aI5 80; do.
per isbarrel basket. 5oa75: do. New York assorted
per barrel. 259ai00; cabbage New York. Danish per
ton, SOOaeO0; celery. New York per bunch, 3Os45;
cranbeuies. Cape Cod. per Dbl. 65oa750: lettuce.
Norfolk. per basket. Sab; egg plants Florida per
crate. L15a2 3; onions Pennsylvania yellow. Der
oushel, 6aa65; do. Western. yellow. per bnSkel
s0as9; oranges. Florida per box 10 size 5Oa3 90:
grape fruit. Florida. per box 35OaLSa; tomatoes.
FLORIDA, per Carrier, fancy, a00a35Q
The Washington herald., 1907-12-29
GRAIN AND PROVISIONS.

Quotations furnished by Miller q Co, members Of
the New York Stock Exchange and the Chicago
Board Of Trade. 1853 + street northwest
Chicago. Dec &-Wheat opened strong and main.
tanned STEADY tone. 90 account II bJyinC by the
leading longs with HIGHT offerings About the only
selling came from pit traders who bought wheat on
the decline yesterday and sold for profits on the
bulge to-day Northwestern movement was the most
potential in shaping sentiment and appears % be
verifying the recent bu!lish claims. At the great
terminals there was little as compared With last
year There Is some improvement in the demand for
cash wheat bought from outsiders Nav is uu-
doubtedly badly congested. and bulls appear 20 be
IL position 20 force prices still higher.
tcrn became quite active TO-DAY. and showed
some strength, but il mostly incuced hv the
buying Of the leading longs An apparent attempt
vas made by them 70 stampede shorts Receipts
were light and country sales small. Eastern de-
mand showed improvement Cash corn slightly
higher in the sample market
Oats followed the other grains being A little
more active and stronger Some blying Of Decsusber
was credited to shorts. and there was scattered
buying Of May. The leading longs bought the Old
style May only, which gave the market its upward
tendency
Provisions were dull. but frmed M someEhat in
sympathy With the Grain list Selling prpSsire was
limited. The run Of hogs at the yards was light
and prices up SC
The Washington herald., 1907-12-29
NEW YORK MONEY.

New York. Dec. 8-Money on call was nominaTy
Is per cent to-day. The market governed by the
preparations for the yearend financing when much
OF the Sls5 900 in January dividends and interest
payments has % be provided The currency premium
ruled weaker with few bids for large lots touching
II. per cent Monday: l. Tuesday: Wednesday holi-
day: l. Thursday. and T. Friday. Can loans we're
made at J and per cent, averaging about %. Time
money during the week continued inactive owing
10 the dearth Of funds RATES Is per cent for thirty
days y TO Is for sixty to ninety days: 10 10 for
four months. and for six months.
Mercantile paper was slightly improved in tone.
but the improvement rather in sentiment IS 70
the future than in actual trade which was nsst
and confined 10 few buyers. Rates were quoted
nominaly at to 10 Ter cent for al kinds.
Sterling experienced violent decline this week
demand rates falling from ass TO 4s4A cables from
ASA 10 AS6t. Fluctuations wide and very
irregular. Mondays market showed a decline Of |
per cent: Tuesday a further decline Of = 70 !.
Thursday, rally Of IL: yesterdays decline Of =
10 IL. and to-day decline cf = TO n. To-day's
rates closed with sixty-day bills az 47e compared
with 4soi1 last Saturday demend. 4.s4h. against
4.s6. and cables. Assn. against ASA
Commercial bills we're 47sa4 1874. COMPARED with
479ha4slls at the close Of last week
The Washington herald., 1907-12-29
LIVE STOCK MARKET.

Chicago. Dec. 8.-cATTLE-R Receipts. 800 head;
unchanged
HoGS-Receipts. 900 head; market cents high
er. Light 425a465; rough. A25aA4O; mixed asa
AIS: heavy. l45a475: pigs. 360a450
SHEEP-Receipts. 900 head: unchanged
New York. Dec 28.-CATTLE-Receipts $50 head:
none for sale live weight: nominaliy steady for
all grades. Dressed beef quiet at has
CALNES-Receipts.. l56 head: market firm; reals
and barn-yand calves nominally steady: dressed
calves in light supply and steady. City-dressed
reals. sal4; country-dressed. 7al2
SHEEP AND LAMBS-Receipts. 6,000 bead sheen
nominal: lambs steady and slow; moderate good
lambs. 6-25a6T5; choice would sell higher
HOGS-Receipts, 20 head: pcminsIly higher on
Buffalo zdYices.
The Washington herald., 1907-12-29

Kew York, Dec. 2s-wHEAT-Stronger. small
trade. No. Northern Duluth to arrive. I2ik: No.
red, T. o. b., Les; Ne. hard, T. o. b.. Ilsl1
No macaroni log. Z. o. b.. No macaroni lOl .
No. Msnitoba nominal; No. Manitoba nominal
Exporters took nothing
CORN-Scarce; strong. No elevator. 73js. No.
2. Z. 0. b.. s.. for December to March; No white
{. o. b., 67z. Exporters took nothing
RfE-Steady; slow trade. No. 2 81 T. O. b.
OATS-Iuesular; lifeless Elevator prices: No
white 5s1s; No. white, IS; new No. 2, mixed
53K
Prices for futures follow.
The Washington herald., 1907-12-29
WASHINGTON STOCK MARKET.

saies-Regular cali. u O'Clock noon
Washington Gas ss 500 at 100
Capital Traction IS. $50 at llOls.
Washington Railway and Electric Is. 5000 at n.
1000 at "a.
F1remens Fire Insurance Is az l9Is-
After eall-Potomae Electric 5. 900 al o.
Following are the closing quotations yesterdays
local stock exchange:
GAS BONDS
The Washington herald., 1907-12-29
NEW YORK STOCK MARKET.

Quotations furnished by Post & F1seg. members Of
the New York Stock Exchange. Benjamin Woodruff,
manager. 1881 street northwest
Call money! High, IL; low, los close, Is.
The Washington herald., 1907-12-29
WASHINGTON CATTLE sfARKET.

CATTLE-Extra. per cwt., IsOaafs: bntcbe, *.
$50: common L5Oa20o.
HOGS-Per cEst-. gross. 500; ordinary. 40
sHEEP-ClipPed. 400; common, go
LAMBS-Spring. choice. = medium. sjT
CALVES-Prme per H., si5as; medium. sasis
grass. 3a4.
C0WS-Prime. fresh each. 4OOOaSoO: common.
3Ooa30.0o: old and dry. GooslaOo
The Washington herald., 1907-12-29
CURB MARKET.

Quotations are furnished BY Z. r. Chapman &
Co. members New York Stock Exchange G. Bowie
Chipman, manager, I0l street ncrthEest.
0ncn Hirh Low Clnse
The Washington herald., 1907-12-29
PRICE CHANGES FOR THE YEAR.

Following are the bid prices OF the most
active bonds and stocks on the Washing
ton stock Exchange yesterday and on the
corresponding date one year ago.
EAS RnNnS
The Washington herald., 1907-12-29
INNING STOCKS.

Quotations are furnished By Irving K. Farrinrton
q o. members OF the New York Produce Exchange
The Washington herald., 1907-12-29
BOSTON STOCKS.

Quotations are furnished BY F. r. CHAIRMAN K Co.
members New York Stock Exchange g. Bowie
Chipman, manager. 1901 street northwest
The Washington herald., 1907-12-29
GOVERNMENT BONDS.

New York. Dec. &-Closins quotations Of United
States government bonds:
The Washington herald., 1907-12-29

II Is OucIaIIy stated AZ JOhanneSburg
that with the object Of promoting the
production OF South African meaIies and
their sale in European markets. the
Iransvadl, Orange River Colony. and
Central South African Railways admins
tratiOn have entered into an arrange
ment with the Portuguese and Cane Col
ony governments, as from January
1903. fixed the maximum rate for the con
yeyance Of mealies for export over sea
at ten shillings per ton delivered to the
vessel
The Washington herald., 1907-12-29

Prices for futures follow:
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-10-21
Northwest.

B. Florman, newspaper man, was
arrested Saturday at Bellingham,
Wash, accused with cashing check
against a bank in which he had no
funds.
George Paine, a white man held in
connection with the death of Matthew
Wolfe, a Nez Perce Indian at Lewis
ton, Idaho, has been exhonorated by
the coroner's jury.
John Schwab, young Slavonian,
shot his young wife and turned the
smoking revolver upon himself with
fatal results at Roslyn, Wash, Satur-
day. Jealousy was the couse.
At Hood River, Ore, the taxpayers
In mass meeting declared against the
issuance of bonds by the city council
to the amount of $4,000 for a city
water system, thus placing the coun-
Gil in an embarrassing position.
The Walla Walla police made pub
lie four robberies Saturday supposed
to have been committed by followers
Of the fair. C. H. Luderman of Spo-
kane, lost personal effects to the value
of $500. The Bee Hive store lost 40
pairs Of trousers and "a shirts.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-10-21
Fifty Years in National Guard.

New York, Oct. 21.- Probably
without a parallel in the entire coun-
try is the record of Lieutenant Colo
mel William H. Kipp Of the 7th regi-
ment, who today rounded out 30
years of service in the National guard
of New York. Colonel Kipp entered
the 7th regiment as a private Octo-
ber 81, 1857, and with the same regi-
ment he served through the civil
war, rising to the rank Of second lieu
tenant. He headed his command in
the draft riots of 1868, again in the
Orange riots of 1870 the Crotou Dam
riot in 1895 and was wounded in the
trolley strike riot of the same year.
In addition to his service In the Ma
tional guard, Colonel Kipp has a
splendid record as an official Of the
New York police department, hav-
ing been chief clerk of the depart
ment since 1878.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-10-21
THE NEWS IN BRIEF.
General.

General.
Secretary Root has returned from
his Mexico trip thoroughly worn out
The price of wheat is still soaring
and farmers now have visions of So
wheat.
The army balloon sent up from st.
Louis, landed at Walton, w. Va. after
flight of AIS miles
A fine flow Of oil was struck at
Payette, Idaho, Saturday. The strike
wrought great excitement among pros
pectors at Roise.
In an official announcement Sat
urday, Comptroller Ridgley declined
the presidency of the Mercantile Ma
tional bank, at New York.
The presidents bear hunt near
Stamboul La, closed Saturday. The
game bagged was trifling. but the
president had a splendid outing.
George H, Imbrle, a lawyer and
former telegrapher of Kansas City, is
being urged for president of the Com
mercial Telegraphers' union, to sue
coed Small.
Mrs. Augusta f. Stetson. first read
er in the Christian Science church in
New York, has been selected as un-
derstudy to Mrs. Mary Baker G. Ed
dy, founder and high priestess of the
cult She is expected to be the sue
cessor of Mrs. Eddy.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-10-21

Goats and Suits . n'' % " the past , we've had handsome ] ' ] .
ns remakg
he mO apu
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-10-21

OaieHuaf OF sports Tor the week.
Monday.-Opening of fall meeting
of the Metropolitan Jockey club al
Jamaica. Opening of breeders har-
ness meeting at Terre Haute. Ind
Opening Of five days meeting of Gen.
tlemen's Driving club, of Baltimore
International balloon race for James
Gordon Bennett cup starts from st.
Louis.
Tuesday.-Aeroplane and flying ma
chine competitions at st. Louis.
Wednesday, Mcfarland VS..
Abe Goodman, at Fort Wayne, Ind.
Bill Papke VS., Cy Flynn, at Brazil,
Ind.
Thursday. ay.-Exhibition of the Auto
mobile Club of America opens in New
York.
Friday.-Nationa A. A. U. indoor
championships in Madison Square
Garden, New York.
Saturday.-Nationa A. A. U. indoor
championships in Madison Square
Garden, New York. Football: Har-
ward VS.. Springfield T. s., at Cam
bridge, Mass. Yale VS.. Villa Nova, at
New Haven, Conn. Princeton VS.. Cor
nell, at New York. Pennsylvania VS..
Carlisle Indians at Philadelphia. West
Point VS.. Rochester, at West Point.
Annapolis VS.. Lafayette. at Annapo-
lis. Ohio State VS.. Michigan, at Ann
Arbor. Illinois VS.. Wisconsin, at
Madison, Iowa VS.. Drake, at Iowa
City,
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-10-21
OREGON HAS 157, ,5OS SCHOOL CHILDREN

tending private schools is also on
the decrease as shown by the figures
contained in the 1907 reports, 517S
as compared to 5702 the year before.
This would indicate that the sys-
TEN of teaching and courses taught
in the public schools have arisen
above the standard of those of the
private institutions which has ten
dency to draw patronage away from
the. latter.
Much School Property.
The estimated value of school
houses and sites belonging to the
state, at the close of the last report
was $5,OS1,559, as against $5,1SO,5S4
last year. but these latter figures in
clude the value of school furniture
and apparatus. whereas the estimated
value of these accessories for the
year 1907 was s65O,4S1, which would
bring the total valuations up to $5,-
1880.
The average monthly salary paid
male teachers at the close of this re-
port year was $63.36, and for fe-
males $60.02 as compared to an av-
erage of $47.11 and $44.49 respect
lively at the close of the report for
the year 1906.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-10-21
TWO PACKING HOUSES.
Chicago Packers Announce Intention
of Erecting Plants In Oregon.

A Portland telegram says thai
Portland is now assured of two OF
the largest packing plants in the
country. The plant of Swift & Co.
was assured some time ago, and now
is made that Schwarz-
child & Sulzeberger, the great Chi
cago packing firm, will also build a
large and up-to-date plant on the
peninsula in Packing Town. The in
corporation of Swarzchild & Sulzber-
ger was today filed with the county
clerk in the nominal sum of $50, 900.
The incorporators are ]. F. Heisly,
Herbet Stong and A. Lamberg. Ac.
cording to the incorporation papers
the firm will engage in the packing
of meats.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-10-21

New York, Oct. 21.-The inside his
tory OF the financing of the Chicago
G. Alton railroad is expected to come
to light this week when Edward H.
Hartman and Otto II. Kuhn Of
Kuhn, Loeb & Co., will appear before
the federal court in this city to show
cause why the petition of the Inter-
state Commerce commission should
not be granted calling upon both men
to appear before 1t and answer the
questions which both declined to
answer on the advice of counsel at
the hearing held by the commission
in this city last winter.
Things Public Wants to Know.
The questions which Messrs. Har-
riman and Kahn declined to answer,
for the most part, had to do with the
financing OF the Chicago & Alton
road. The first question which Mr..
Hartman declined to answer, upon
the advice Of his counsel, related to
the purchase by Mr.. Hartman Of
Chicago & Alton stock, and the
amount Of such purchase and sub
sequent sale. Mr.. Hartman is also
charged with refusing to tell how
much preferred stock of the Union
Pacific he owned, nor would he ex-
plain what the holdings of II. II.
Rogers, H. C. Frick and himself were
Of Atchison, Topeka & Santa Fe
stock. Mr.. Hartman also refused to
state the connection of Kuhn, Loeb
& Co. with the transaction. that firm
having acted as broker in the pur-
chase of the Santa Fe stock.
Mr.. Hartman also refused to
answer questions in regard to buy
ing 10000 shares of Illinois Central
stock, as we'll as most of the ques-
tions put to him concerning the facts
under which the famous 10 per cent
Southern Pacific dividend was de-
clared, and whether or not he profit
ed by the sudden and rapid appre-
citation of that stock following the
dividend Neither would he say
whether he purchased any of the
stock that he might profit BY it.
Kahn Promised TO Answer.
Mr.. KAHN is charged with declining
To answer questions explaining the
connection of Kuhn, Loeb & Co. with
the purchase of the 100000 shares
of Illinois Central stock on August
., 1906, for the Union Pacific at 175,
nor would he say what part of the
stock, If any, was held for the bene-
fit of the directors of the Union Pa
cific road.
Mr.. Kahn has already expressed his
to answer the questions
when next called upon by the Inter-
state Commerce commission and it
Is believed that Mr.. Hartman will
likewise change front and give the
desired information. The law under
which the Interstate Commerce COM |
mission derives its authority provides |
for the punishment. of any person
or persons who refuse to answer such |
questions as the commission may |
1ropound to them.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-10-21

Bond Bros. has good suit for every
man in UmatilIa county.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-10-21
FOR FISH LADDER.
Local Nimrods Will Ask Game War
den TO Remedy Situation at Her.
miston.

In petition that is now being cir
culated among local nimrods the
Maxwell Land and Irrigation COM
pany is censured for failing to main
tain a fish ladder at its Hermiston
dam and the state fish warden is
asked TO take steps to remedy the
matter
In the paper, which is being cir.
culated by G. l. Ladow and is being
numerously signed. it is said thou
sands of young salmon are perishing
below the dam through their inabil-
ity to pass the obstruction. The dam
is 10 fet high and no proper fish lad
der has ever been constructed.
AS soon as the petition has been
prepared it will be forwarded to H. Z.
Van Dusen, state fish warden.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-10-21
Elected President of Class.

E. B. Waffle, now in his last year
t the University of Oregon medical
college, has been honored by being
chosen as president Of the senior
class. The class will graduate next
May During the time he has been in
the college he has always held a
high standing as a student and has
likewise been popular with his fell
lows, as his recent election to the
leadership of his class shows.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-10-21
HARTMAN To
SHOW CAUSE
RAILROAD MAGNATE MUST
DIVULGE SUPPRESSED FACTS

Hartman Hust Tell What He Knows
About Financeering the Chicago &
Alton ROad-AlsO How Much
Union Pacific Stock He Owns
His Connection with Kuhn, Loeb &
Co-Must Tell About Illinois Cen
tTaI-The Under Tow to the Fa-
nous Southern Pacific 10 Per
Cent Dividend.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-10-21

A Tacoma special says: From a
large band of 45 deer in Point De-
fiance park the ravages of tubercu-
losis have reduced the number to
three. Superintendent Roberts re-
ported to the park board that one of
the beautiful animals died Saturday.
They will not stand being confined in
the parks. A popularity of the case
is that Central American deer and elk
kept on either side of the native deer
seem to stand captivity well but II
kept too close to the native deer soon
contract tuberculosis.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-10-21

A farm with a radius of three
miles and having 100000 honey
bees as workers, is being laid out in
South MANCHESTER, Conn, and will
be the largest bee plantation in this
part of New England. 1t was started
with five hives, and there are now
23.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-10-21
Private Schools.

At the close of the 1907 report
year there were but 81 private schools
existing in the state, as compared to
10 the year previous, in which 800
teachers, both male and female, were
employed, whereas there were 1858
teachers when the 1905 report year
closed. The number of pupils at
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-10-21

Ulysses S, Grant lived the life of a
village boy in a plain home on the
banks OF the Ohio river until he was
II years of age.
East Oregonian : E.O. (Pendleton, OR) 1888-current, 1907-10-21

Benjamin suits are the best made,
sold by Bond Bros.