davidaulloa/AmericanStories huggingface dataset:
Evening star., 1907-07-31
THE COTTON MARKETS.

NEW YORK July 31.-The cotton mar
ket opened firm at an advance OF 5aS points
In response to higher cables than expected,
and during the early trading all the active
months showed gains of about eight points
on buying by shorts and some fresh bull
support, attracted by low private condition
reports showing an improvement in the
average promise of the crop for the last
month of between 25 and 3.3 per cent.
The trade has been predicting an improve
ment TO be shown by the official figures
next Friday between and 10 per cent. but
the showing OF the private reports seemed
TO be bringing in little outside demand, and
the market ea sed off point two during
the middle of the morning under realizing
and selling for turn. Private wires re-
ported rains in Texas.
Futures opened firm; July, offered. ~ 20;
August, l1.44 bid; September, lie; Octo-
ber, $50; November, 1.S2 bid; December
ll.91; January, l1.9; February. offered
1905; March, l2.0S; May, 12.lS.
The market was quiet during the late fore
noon, but ruled firM in tone on covering as
the result of the bullish condition reports
with prices at midday II to IA points net
higher on active months.
Spot. quiet; middling uplands, 1900; mid
ding gulf, 13 %.
Estimated receipts at the ports today,
1900 bales. against 2G05 last week and
2567 last year. For the week, 10000 bales,
against 10, 3Bl last week and -, 523 last year.
Today's receipts at New Orleans, 2.1i6
ton, 2i7 bales, against i16 last year.
Cotton. spot. closed quiet, 10 points ad-
vance; middling uplands, 1900; middling
gulf, l3.25; sales. $500 bales.
Evening star., 1907-07-31
WHOLESALE MARKET REPORT.

Quotations given below are for large
lots Jobbers' prices from 1c to 20 higher.
EGGS-Nearby fresh Virginia, 17h;
west Virginia and southwest Virginia,
18h; Tennessee. 16h; North Carolina, 1e.
BUTTER. Creamery, fancy, 26ha27
Western frsts, 24ha25k; seconds. 22ha
23h. Process, fancy, II v a22; fair to good,
2Oa21. Store-packed. fresh. 15a16
CHEESE - New York state factory,
new. large, 14ha1b.
POULTRY. - Chickens, spring. per lb,
17a1s; hens. per h., 14h; roosters, per
lb. 7aS; keats. per lb.. 10.
DRESSED POULTRY. Hens, choice,
per lb.. l5a16; roosters, per lb.. ea1O;
chickens, per lb.. 20a22; ducks. per lb,
11a1S.
VEGETABLES-Potat new, per bbl.
No. l, 2.o0a2.50; No. 2. 75a1.OO; carrots
new. per bunch. 8: cucumbers per basket,
bOa1.OO; onions. per bbl, 3.OOa4 90: pep-
pers. per carrier. 1.OOa1.75; tomatoes. per
bushel box, 3Oa50: cabbage, per bhl.. SOa
90; eggplant. per dos, 75a1.OO; squash
per basket, 30a40: snap beans, per hu.. Is:
per bbl.. 1.50a2.0O: wax beans. per bu.. Is:
new beets. bunch. 1ha2: lettuce. per bbl..
Evening star., 1907-07-31
Brighton Beach Entries.


BRIGHTON BEACH RACE TRACK. N.
Y, July 31.-Following is the list of entries
for tomorrows events:
First race, two-year-olds; handicap; six
furlongs-Corncob, 115; Miss Marjorie, no;
Rialto, 1873; Abracadabra, lOS; Home Again,
ia; Number One, 120; Ziephan, 116. Also
eligible, Ida D.. 113.
Second race, tWO-year- -Olds; selling; five
and a half furlongs-Servi:e, 1902; marbles,
81; Youthful. 80; VIM. H. Lyon, 90; sBosom
Friend, "a; 'Tartar Maid, 81; .Please, 1O4;
Flora Ann. 81.
Third race, three-year-ods: selling; one
mile and a sixteenth-"Chief Hayes, 1O6;
Velours, ia; Miss Doyle, 100; "Trip Rap,
80; Sam Rice, 101; LADY Karma, D6;
Azora, 100; John Smulski, III; Shining Star.
ILL., King Cole, ia; Won Tromp, ia; War
dine, 1O4 elements, 1O1: 'Vimo, JOG; Say
lor, 1O6; 'Campaigner, 1O1.
Fourth race, the Invincibe handicap; one
III; Fountainblue, 110; Far West, 1OS; Cot
tontown, III; Cairngorm, 100.
Fifth race, two-year-olds; Six furlongs-
Nimbus, ia; Miss Marjorie, 80; Sempro.
1902; Red Bonnet, %; Monopolist, 112; Cas-
tlewood, 1O2; Blue Pilot, 1872; Triumph, 1O2
Sixth race, three-year- -olds; selling; one
mie and a siXteenth-'Eldorado, 1O1 Sailor
Girl, 80; Rip Rap, 1O1; York st, 1O3; Ell GAIA
dor, 1Ol; 'Lally, 101; Wise Hand, 3S; "Muck
Rake, 9s; 'Eudora, 98; 'Neoskaleeta, 96
Weather clear; track fast. Apprentice
allowance claimed.
Evening star., 1907-07-31
BUYS BRAZILIAN ROADS.
American and Canadian Syndicate Ex-
tends It's Undertakings.

NEW YORK, July 31.-The syndicate Of
New York and Canadian capitalists, In
cluding Sir William Van Horne and
William Lanman Bull which. for some
time. has been engaged in traction and
harbor improvement undertakings in Bra
zil, has laid plans, 1t was reported yes
terday, to extend its operations 20 steam
railroad undertakings. The syndicate Is
said to have under consideration the con-
struction, all told. of 1000 miles OF rail-
way in Brazil, to connect and extend ex-
fsting lines The ultimate purpose, 1t is
said is to connect Rio de Janeiro with
Montevideo, the capital of Uruguay.
Among the railroads said to have been
acquired already by the syndicate are the
Sac Paulo and Rio Grande railroad and
Sorocabana railway The latter was
constructed by the state Of Sac Paulo.
and has been leased to the American
syndicate, which Is understood to have
agreed to assume the $4,000, 900 uf per
cent bonds issued by the state TO cover
the cost of the railroad. Part of the con-
tract with the state Is said to be an un-
dertaking on the part of the syndicate to
share in raising coffee valorization
loan.
Evening star., 1907-07-31
LOCAL FINANCIAL NEWS.

Washington Gas stock sold as high as
TX on the local stock exchange today and
seemed to Justify the assertion Of several
brokers yesterday that it had turned"
again and would go higher before the week
was over. Over $50 shares changed hands,
the first sale being at 761s and the last at
II. 1t was traded chiefly in twenty five and
ffty-share lots. The bid today at the close
of the regular call was 785s, as compared
with the bid of 75A yesterday.
Five shares of Georgetown Gas brought
90 and the closing bid for quotation lots
was S97s, as compared with "a yesterday.
There was little other business on the ex-
change, and generally speaking, prices re-
mained about the same Thirty-six shares
OF Potomac Fire Insurance, however, were
traded at 80. which was five points above
the closing bid of yesterday. The same fig
ure was offered for more.
Evening star., 1907-07-31
LANDMARKS GOING.
Trees Cut Down Along Old News
paper Row.

Old newspaper row." on 18th street
northwest near the corner of Pennsylvania
avenue has a different appearance today,
due to the cutting down yesterday after
noon Of the five elm trees that had stood
there for many years.
The trees were removed in order to make
way for the construction Of the new Ran
dolph Hotel. soon to be erected on the north
cast corner of Pennsylvania avenue and
14th street. AS the trees were in the mid
die OF the broad sidewalk their absence inn
parts a curious baroness to the vicinity.
Many interesting stories center about this
corner, which Is soon to be wiped out as a
landmark. William Mckinley, before he
became President of the United States and
while he was a member Of the House Of
Representatives, lived in the Ebbtt House
on the next corner, and had an office in
the building which stood on the site now
occupied by the Department of Commerce
and Labor.
1t was his custom on occasions when he
was not busy to sit in front Of his office
under one of the big trees that were re-
moved yesterday and tell stories and chat
over the political situation with his asso-
ciates and the newspaper men whose Of
fees were nearby.
1t is understood that the contract for the
construction Of the new hotel has not yet
been let, but that it will probably go to the
Fuller Construction Company. The tearing
down of the buildings on the corner will be
begun. it is expected, within few days.
Evening star., 1907-07-31
Explains Japanese Financial Crash.

NEW YORK, July 31.-A. ]. Inanishi.
manager in this city Of the Yokohama Spe-
Gle Bank, made a statement Monday night
relative to cable advices received here CIV
ing details of the Japanese financial crash
that followed a period Of overspeculation In
the shares Of new industrial companies. He
said: 1.-The so-caled crisis in Japan, which
the cable refers to, only affected paper
companies which had been f1oated in the
market without being backed by any actual
industries. The decline began in January
and eliminated in April, month later than
the collapse which occurred this year in the
New York stock market. There has been
a general recovery in the Japanese markets
since the 'housecleaning Of paper stock job
bing companies foated by SPECTATORS. That
collapse has done much good. Actual in
dustries and general business in Japan re-
main unaffected. l can, perhaps. best nken
the Japanese episode to some collapses that
have taken pace in the curb market in
mining stocks which had no mines back of
them. AS for the failure of the Manchurian
loan at London, that failure had nothing
to do with the Japanese Speculative coli
lapse. 1t simply reflects the state Of the
London money market and the inability to
float any loans in that market just now
The crops of tea and silk this season are
splendid, and the Japanese outlook for
prosperous times is excellent"
Evening star., 1907-07-31
Closing Quotations.

At the close Of the stock market the fol-
lowing stocks had changed in price since
above quotations. there being no change In
balance of the closing prices:
Amalgamated Copper, S5ss.
American Locomotive, So.
American Smelling 112h.
Atchlson. Topeka and Santa Fe 91A.
Baltimore & Ohio. 97A.
Brooklyn RAPID Transit, 56A
Canadian Pacific 175as.
Chicago, Mil & ST. Paul. 1924
Chicago & NJ W., 14Sh
Colorado Fuel and Iron, 80.
Colorado Southern. 26.
Delaware & Hudson, 1904.
Distillers' Securities Is.
Great Northern Ore, 5511.
Kansas City Southern, 21A.
Mo-, Kansas & Tex, COM, 37A
National Lead. 5s.
New York Central, 11oh.
Norfolk & Western. "A.
Northern Pacific. 1919
n. Y. Airbrake, 1925
Pacific Mail Steamship, 81
Republic Steel and Iron, 1O2A
Republic Steel and Iron, pfd., S2H
Rock Island, com. 213s.
Rock Island, pfd., 46A
8. l.. and San Fran. % pfd., 37A.
St. Louis S.W., pfd., AN.
Southern Pacific, SsN.
Union Pacific, 141B.
United States Rubber. 34A
United States Steel, 35A.
United States Steel, preferred 1OOA
Virginia Carolina Chemical Co, 25N.
Wisconsin Central preferred, 40.
BONDS
United States Steel IS. 97A.
Evening star., 1907-07-31
PASSENGERS WHITEWAsHED.
Something Went Wrong With Spray
in N. Y. Tunnel.

NEW YORK. July 31.-Fifteen passengers
on scuthbound surface car were white
washed In the 4th avenue tunnel at seth
street Most of them entered stylishly
dressed. When they emerged it was with
their backs in proper trim. but with the
fronts and sides of their clothes and with
their faces coated in white
The car was an open one. The tunnel
roof and walls are being whitewashed by
the pneumatic spraying system. At 37th
street pump about five feet high drives
whitewash into pipes that run south to
about 36th street, where it Is sprayed
through a hose. The stream Is controlled
by faucets.
When the car came along something
went wrong with the apparatus. The mo-
torman stopped his car as he reached the
spot and the spray drenched him. Then
he started the through the stream and
1t drenched the fifteen passengers.
Among the victims were Joseph Harris
of II West 9sth street. Mrs. Weinstein of
50 I'd avenue. Miss Elizabeth Curtis of 22G
9th avenue. H. Johnson and l.. French of
the Hotel York.
At 34th street the whitecoated men and
women attempted 20 mob the night inspect
there.
Some went home covered with the white
fluid; others borrowed clothing in near by
houses and washed their faces.
Evening star., 1907-07-31
The British "Consol. y

From the New York World, July 80.
The British "consols.'' which yesterday
dropped to the lowest market level since
1913, are legacy of Pitt They still date
in largest part from the great struggle
which crushed Napoleon.
The word "consol," pronounced in Eng
land with the accent on the last syllable,
means consolidated annuities," though only
small part of the national debt is in this
form.
After the revolution of 1858 the British
debt stood at $sO,OOO,OOO. Marlborough's
campaigns added $3.50, 600 600, the French
and Indian" wars $435, ,OO0, 600 and our revo-
luton $G05 100000. But as war debts were
party paid in peace the total in 1I95 was
of Dresden and of the abdication of Napo-
leon-1S12, 1913 and 1S14-alone added
$685., 100000. and the Napoleonic wars in
total So, COS, 100000; SO that in 1916 the debt
in spite of reductions was at the crushing
height of $4,50O.0O0,000. In 1870 Sydney
Smith wrote:
beardless youth manages his taxed horse
with a taxed bride on a taxed road; and
the dying Englishman, pouring his medicine
which has paid per cent into spoon.
back upon his chintZ bed which has paid
% per cent and expires in the arms Of an
apothecary who has paid a license of GlOO
for the privilege of putting him to DEATH:
So intolerable was the burden Of the sue
cessful war after the victory was won.
The war in the Crimea added $165,OOO,OOO,
but annual payments had reduced the gross
total in 1863 to $3,175,0oo,OO0. The Boer
war and the Boxer expedition in China, be-
sides $685. 100000 exacted in war taxes,
again added $750,OOO,OOO to the debt, and In
1913 1t stood at nearly $4, 600 600 OOO-all this
vast sum being the record of past wars and
not Of any useful expenditures
For more than a century the interest on
the debt was per cent In 1888 it was
reduced to ~ per cent and in 1903 to 212
per cent, which relieves yesterdays low
record price of 50 11-16 of some of it's sig
nificance. Still. the market slump is strk-
ing illustration of the effect upon national
credit of military glory.
Evening star., 1907-07-31
GOES TO NEW YORK.
transfer Of Manager of Local Office
of Brokerage Firm,

Formal announcement has been made Of
change to take effect August / in the
local brokerage office of A. o. Brown &
Co. Of New York. Mr.. Herbert L. Jones,
who has had charge Of the firms Washing
ton office in the Munsey building, will leave
for New York on that date. and later in
the month he will assume active manage
ment Of the A. o. Brown & Co. office in
the new Plaza Hotel. Mr.. Jones recently
has been making frequent trips to New
York. personally supervising the equipment
of the Office in the new hostelry
Mr.. Jones will be succeeded as manager
of A. o. Brown & Co.'S Washington office
by George L. Edmunds. who was formerly
associated with ]. B. Weed In the manage
ment of the local branches Of Atwood
Violet & Co. and Dick Bros & Co.
Herbert L. Jones opened the Washington
office for Charles G.. Gates & Co. in the
Munsey building January /, 1906 and when
Mr.. Gates retired and the interests of his
house were acquired by A. o. Brown & Co.
May l of this year Mr.. Jones continued in
the same capacity for the latter firm.
Evening star., 1907-07-31
1.50a2.60; kale, per bbl., 40a75; spinach,
per bbl., 1.OOa2.O0; peas. per bbl.. 1.50a

1.50a2.60; kale, per bbl., 40a75; spinach,
per bbl.. 1.00a2.00; peas. per Dbl. 1.60a
800; corn, per doz., Sa12
GREEN FRUITS.-Apples, new south
ern, per bbl., 1.5Oa3.5O; oranges, Cal, per
box. 3.50a475; grape fruit. per box. 3.O0a
600; pineapples. per crate, 25a4.5O;
peaches per crate, 1.50a275; cantaloupes,
per crate, 1.5Oa20O; watermelons, each,
s5a4O; plums. per crate, 1.25a2.5U rasp-
berries, red. per quart, 20a25; black, per
quart, 12ka15; blackbkerries, per quart,
HAY AND straw Timothy. choice.
22.0O; No. 1, 21.OOa22. 90; No. ,. COCOA
21.0O; mixed hay. 15o0a19.00; clover. 1850
a1S.50. Straw, rye. bundle, 11.0oa11.5O;
6.5Oa6.75; oat straw. per ton. 500.
LIVE STOCk.-Cattle, extra, per cwt.,
$50; butcher. per cwt.. 4.75a5.OO; ordinary.
per cwt, 2.5Oa3.OO. Hogs, per cwt., gross.
$50. Sheep, 3.0Oa3.50; lambs, spring,
choice. I. Calves. choice, per lb. I;
medium. per lb., 6a6ls. Cows, prime, fresh.
each. 35.00a50.00; common. eacn, COCOA
5000; old and dry, each, 1O.OOa12.0o.
BEEF CUTS.-Ribs, No 1, per lb., 13:
No. 2, 12 No B. 10. Rounds, No. /. per
H., 10; No. .. 0; No. 3, 8. Loins, No. 1.
No. l, per lb.. 8; No. 9. I; No. 3, g.
WOOL AND HIDES. - Wool washed,
free of burrs. per lb.. 3Oa33: wool. un-
washed, per lb., 81. Hides, green, per
lb.. 0; dry. per lb.. 16a1S. Sheepskins.
green. each, 1.25a15o; dry, each, 15a1.25.
Calfskins. green. each. 1.35a1 80
GRA1N.-Wheat choice. SSa3O; fair to
good. S2aS5; ordinary, 69a79. Corn. she'll
ed, white, 61a63; yellow, 61a63; ear. 3.25a
3.4o. Oats, western white. No. 2 5:a56; :,
mixed. j1a53. Bran, per ton 2J0Oa &c. 90.
New southern wheat, 63aS6.
Evening star., 1907-07-31
GOLD SUPPLY AND STOCKS
improbable That Increase in Supply
OF Yellow Metal Will Continue Long.
From Moodr,a

lhere is at the present time but one DOW
errul factor working seriously to change
the prospect-that is. the possible deprecia-
tion or the currency through the increase
in the gold stock.
Within the ten years from 1896 to 1906 the
annual production of gold has more than
doubled. 1t is estimated that within this
period the worlds money stock OF gold has
increased nearly 90 per cent. To many this
fact is Of profound significance, and to this
they ascribe the quite extraordinary rise in
prices of commodities and the like which
has come within the same period. So there
are not wanting serious and sane-minded
prophets who look forward to 2O-cent cot
ton. to still higher general rates of interest
10 per cent, even.
Among this same class there is general
expectation of a still further rise IN the an
nual gold production, from $i00OO000O to
perhaps 5000. 100000 Even the most careful
statistcan OF the subject. Mr.. George f.
Roberts, director of the United States mint.
looks forward to an average production of
$Nn,oOo,o0O per year through the next ten
years. That this enormous production, If
continued, would mean a serious deprecia-
tion OF the money standard and a conse-
quent rise in prices Is without question.
In the mind of the writer, however, these
prospects seem doubtful. The Germans
nave a SententiouS phrase that mo tree
ever grows quite to heaven"
That gold mining should share in the
worldwide expansion Of business seems ele-
mentary. There are few Industries on a
more speculative foundation. 1t would be
extraordinary If. with the general outbreak
OF speculation all over the earth, gold min
ing had not taken on an equal activity.
When this worldwide boom" has run its
course, when the speculative fever has met
with sharp and perhaps serious check, 1t
seems inevitable that the gold industry
should show a similar reversal.
If 1t does not it Is fairly certain that, with
perhaps temporary reversal of form,
prices will rise still further. stock values
will be enhanced, while bonds will fall still
more. and the prevalent high rates OF
money of 1867 will look low in compari-
son. There Is no more interesting ques-
ton now engaging the attention OF investi-
gators, and the point is one which every
intelligent investor will consider with care
But point still more vital to consider is
that, first of all, anticipation (and still
more, appre hension) tends always to out
run the reality, and, secondly, that no wave
Of prosperity ever lifts prices quite as high
as holders for rise had hoped and no
wave of depression ever affects the value
of solid securities as seriously as the fa-
miliar connotations Of panic "crisis' and
depression" would suggest.
- For the matter here in hand-that Of rail-
way investments-it is to be noted that no
solid and honestly managed railroad was
ever forced into the hands of receiver by
any panic whatsoever.
Evening star., 1907-07-31
Grain and Provisions Summary.
Liyerpool Cotton Prices.

LIVERPOOL, July 31.-Closing: Spot,
moderate business done; prices points
higher; American middling fair, S.81; good
middling, TIT; mddling. 1928: low middling.
6S3; good ordinary, 600; ordinary, $40.
The sales Of the day were 1000 bales. Of
which 500 were for speculation and export
and included $500 American. Receipts,
1000 bales, including 200 American. Fu-
lures opened quiet and steady and closed
steady; American middling g. o. C. August,
6.ss1a; August and September, GIN; Sep
tember and October, 6.6S1A: October and
November, 653; November and December,
$50; December and January. $40: January
and February. 6.4s; February and March,
CASH; March and April, 8.4831; April and
May. 650h; May and June, 6.b1h
Evening star., 1907-07-31
BIGGEST SHIP AFLoAT.
Some Unique Features of New Gu
harder Lusitania.

LIVERPOOL, July 31.-One Of the fea-
lures OF the new Cunarder Lusitania, the
biggest ship af1oat, which has just finished a
successful trial trip, is the veranda cafe.
This is situated with view astern of the
vessel and passengers can sit there and en-
Joy the sea air while they are completely
sheltered from the wind. 1t will be like
dining on the brow of some cliff swept by
ocean breezes, with an outlook of ocean
and sky alone.
There are also two regal suites on this
ship, designed to meet the demands of trav-
elers who want the utmost luxury. They
will cost $1,000 each a trip.
Evening star., 1907-07-31
Fear Break in Tunnel,

NEW YORK, July 31.-With the head
ings only eighteen feet apart, work on the
south tube OF the Belmont tunnel was
brought to a sudden halt yesterday by rea-
son of bad stratum Of river bottom.
which was suddenly encountered by the
force at work on the Long Island side of
the river. 1t was necessary to temporarily
suspend operations until a blanket Of clay
could be spread over the river bottom
directly over the weakened points in the
work.
If all goes well it is expected that the
two headings will meet within two weeks
and thus form the second opening of the
tunnel from the Manhattan shore to Long
Island City.
Evening star., 1907-07-31
THE LONDON MARKET.

LONDON. July 31-American securities
opened firm with prices u to ~ above the
New York closing of yesterday st. Paul
was a strong feature with an advance Of
rs.
LONDON, July 31.-After quiet opening
American shares grew considerably firmer,
the Pacific stocks leading in the improve
ment. The statement Of the United States
Steel Corporation was about as expected,
and did not affect the market. The
New York opening, accompanied by selling
orders, caused a reaction, especially in
Missouri Pacific and Missouri, Kansas and
Texas The market closed dull.
Evening star., 1907-07-31
Ptg-Iron Statistics.

PHILADELPHIA, July 31.-The American
Iron and Steel Association has received
from the manufacturers complete statistics
of the production Of pig iron in the United
States for the first half Of the year 1907.
The production for the period mentioned
was 13, ,47s,044 tons. against 12,724,041 tons
in the last half OF 1906.
The production of charcoal pig iron In the
first half of 1907 was 205, ,796 tons. against
225 2S5 tons in the last half Of 1905.
The production Of bituminous coal and
coke pig iron In the first six months of 1907
amounted to 12,514,01 tons. as compared
with II ,7O2 492 tons in the last half of 1905.