davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-28

market. and that when hsrtried to realize
he could find no market. He had been the
only market on the way Up in this stock,
so Mr.. Stickney says, and he didn't know
1t until he tried to sell This only goes
to show that it is very easy to make a
hilarious bull market by buying all the
stocks in sight. but 1t Is another thing TO
keep prices up in the sky while trying to
sell stocks. A good many amateurs have
come into the game lately and last Win
ter. when their paper profits on the bull
had a foolish idea that these paper profits
were like real money. But when they
tried to convert these paper profits into
cash they woke up. 1t is one thing to put
a stock up; it is quite another thing to
distribute It. few masters at the game
have learned how to do it-perhaps their
knowledge was intuitive. When Mr..
Rogers got cold feet on his Amalgamatei
proposition, soon after the flotation of the
company and wondered what he was
going to do with all the Amalgamated he
ket. he very wisely called in the services
OF an expert. He went to Mr.. keene and
told him that he and his friends had more
Amalgamated than they felt like carry
ing and they didn't have the courage to
dump it on the market. They were afraid
the bottom would drop out if they tried to
distribute any large part of their stock
Amalgamated was selling in the neigh
his friends had 100000 shares of the stock
in excess of their immediate needs. Mr..
Rogers gave Mr.. keene carte blanche 10
do as he pleased in the market All Mr..
Rogers wanted was the final result.
Mr.. Keene took hold of the Ama1gamated
market and sold the entire block of SD O0O,-
0OO worth of stock without breaking the
market. Some of the stock was actually
distributed on rising prices. This art of
distributing stock at good prices looks very
easy after it has been accomplished, but
the ANA tours at the game discover that it is
not near as easy as it looks. After MIR.
Keene had sold the 1900 shares of Anal
gamated for Mr.. Rogers he told him that
If he himself had any of the stock he would
sell every share of it. Mr. keene's infor-
nation was that the copper metal market
was very hollow affair and that all cop
per stocks must suffer great losses in the
market within the next year or two. The
accuracy of Mr.. Keenes judgment was
clearly shown not many months later when
the Amalgamated dividend was cut from 8
to per cent and the stock fell to $34 q
share.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-28

STOCK AND BOND BROKERS.

Below will be found list of re-
liable firms with reputable Stock
Exchange connections.
When one deals with these
firms his money is not only pro-
tected by their own large capital,
but by Stock Exchange seats
worth as follows:
New York Stock Exchange 500, 900
New York Cotton Exchange 1880
Chicago Board of Trade. :. $500
Boston Stock Exchange. 10000
Philadelphia Stock Ex-
change. 10000
w ington Stock Ex-
Change. ............... 10000
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-28
New York Specie Imports.

NEW YORK, April 2I.-Total imports of
specie at the port of New York for the
week ending today were $1j404 silver and
$92 $50 gold.
Total exports of specie from the port Of
New York for the week ending today were
500, 4O7 silver and So, 300 gold.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-28
FINANCE AND TRADE IN
MARKETS OF THE WORLD

ago. Minneapolis Duluth and Chicago
reported receipts of 500 cars, against 6ol
cars last week and POI cars year ago.
Profit taking as in wheat was the primary
impulse governing the corn market, al
though Texas reported drouth. Oklahoma
like wise was on the bull side, advising that
corn was being rapidly fed. July corn SOLD
between 49lk and 39aJ0ls, and closed Is
higher at 1919. despite strenuous profit
taking. Hay closed at 80. Local receipts
were 1876 cars. with of contract grade.
There was an excellent demand for oats.
but considerable selling on a forecast or
rain kept prices about stationary. July
oats sold between 41Aa411s and 42ks ana
closed a shade down at 41a4a4l3s. Local
receipts were 1SI cars.
The provisions market vas very dull ana
closed two and one-half and five lower. July
pork closed at 1917, July lard at
s-771aas.s0 and July ribs at s.72laas..9
Estimated receipts for Monday: Wheat,
AZ cars; corn 10 cars; oats, 26S cars; hogs,
Il, $50 head.
MILWAUKEE, Wis. April 27.-wheat,
sias4; July, 1914 bid. Rye No. l. 12aIS.
Barley. No. ?, 75aI5lk: sample 62a74
. Corn-No. 3. cash, 4Sa49; July, 495s bid
DULUTH, April 21.-Wheat-No. 1, hard
s67s; No. 1, northern, $685. No. =, northern
sias; May, So2s; July. s6as; September. S67s.
MINNEAPOLIS. April 27-Close: Wheat
May. S2s; July, s5s; No. 1: hard. S6Hs
No. I. northern, S55s. No. . northern, SSas
No. 3 northern. S0aS1.
Flour. first patents. 4.40a4.5O; second
patents, 425a4.35: frsts. clears, 3.20a3.50:
seconds. clears, . 4oa2.j0
Bran in bulk, 16.5Oa16.75.
ST. LOUIS, April 27.-Wheat, No. .. red
cash, SOAaS1A: No. =. hard. TSa4aSO; May,
TTsaTs: July. SOs.aS07s
Corn-No. ., cash. 5Oa5O1a; May, ATS
July. 4Szs; No. ,, white. 511sa52.
Oats-No. , cash. 42h; May. AIS; July,
395s: No. ., white A.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-28
Interest in the Crop Outlook.

The outcome of the coming crops is re-
gaTded as. perhaps, of crucial Importance to
the satisfactory working out of the fnan-
cha! situation of the country. There is COM
mon agreement that the present condition
OF the winter wheat crop is unsatisfactory
and dependent on future improvement for
d favorable outcome. The late spring offers
the likelihood of delay Tor other crops, and
reports Of actual damage have been plenti-
full in all markets. This makes a material
burden on the stock market.
E Several Isolated incidents of the week
have been seized upon to point to con-
clusions of general significance. A report
was published of a heavy reduction in the
working force of the Western Electric Com
pany. which was officially attributed to a
falling off in demand for the product owing
10 the high level to which prices had at
tanned. Similar views were attributed to
officials of another of the principal cleo
.triCal equipment companies, although de-
MED by other principal companies The Chi
Cago Great Western securities broke sharply
in consequence of the criticism of its CAPT
taization by the Minnesota legislatures in
Nestigating committee. and the incident
served to revive apprehension over an ex-
tension of the policy of government regula-
ton of capitalization, BASED on appraised
Valuations.
The bond market itself has been very dull
and heavy in tone. United States bonds are
unchanged on call for the week
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-28
NEW YORK DRY GOODS.

NEW YORK, April 27.-The dry goods
market was quiet and firm today. Liberal
concessions are being made by southern
mills to secure contracts on wide print
cloths running into July. 1903.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-28
The Country's Foreign Trade.

The credits supplied by foreign purcha ses
OF these notes was relied upon to establish
claims for resources to become available to
this market. Instead. there has been active
remittance to foreign markets to pay off
obligations previously incurred. The fig
ures of the country foreign trade for the
nine months of the fiscal year show ma
terial reduction of the balance in our favor
compared with the previous year. Not only
has the excess of merchandise exports de-
clined S3iUtE go and of silver exports 81
SOL at0. but the excess of gold imports for
the same period has increased s66.9oi 600
OF our own banking position the detailed
analysis of the reports of all the national
banks of the March ~ condition has given
much food for discussion.
Outside of New York loans are heavily
expanded and reserves are at a low stage,
and the centers at which these conditions
are most pronounced give occasion for sus-
picion of a large speculative element in the
employment OF credits in real estate and
other forms of promotion. Since the date of
This statement there has occurred an eXpan-
sion Of New ork bank loans unprecedented
for the same time, and this is attributed to
n large extent to the taking over by New
York banks of loans from interior institu-
tiOns. This suggests a former large extern
sion Of credits on the part of interior banks
10 Wall street itself.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-28
Washington Market.

Range of prices week ending April 81,
1907, as reported by Griffin Halstead &
Co., 1874 F street:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-28
$3,sl6,o53 :13,5ll,242

at would appear from this that the
earnings of Amalgamated or any other
copper company are decidedly flexible 1t
may be added that the earnings of Anal
gamated for the year ended June /, 1906,
were $13, S05, 800, about the same as 1901,
with the price of the metal higher during
most of the 1906 period. 1t is my opinion
that the price of copper metal is being
fictitiously sustained and that 1t must soon
decline. 1t would be idle to say that every
thing pointing to the increased uses of the
metal sustained the price. All these the
cries were exploited and exploded in 1901.
It would have been impossible to put the
could have foreseen the slump in the
metal We heard all this came talk
them
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-28

President Stickney of the Great Western
says he knows a man who accumulated
800 600 shares of one stock in the bull
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-28


the company has paid s50.COo.0o0 to its
shareholders since the awful crime" was
committed The stock that was sold to the
public in the beginning at par has for many
months hung around this figure, sometimes
selling quite bit above par, and again a
little below Not all holders of the stock.
however. bought it at par. A good many
shares were bought by the public at SI1
and so and $40 and even lower. Many of
the investors in the stock are receiving from
Is to 30 per cent on their money. some even
more than this. If it was crime to
float a S155 100000 company that had dis
tributed $50 100000 in profits to it's share
holders in less than eight years. how are
we to characterize the thousands of mining
companies brought out since the Amalga-
mated was formed that have never dis
trbuted a cent in profits, and that have
been almost total losses to investors? If
all the crimes of mining promotion were no
worse than the f1otaton of the Amalgamat-
ed the promotion of mining properties
would be most angelic trade.
X
AS to copper stocks and the copper metal
a well-known critic says: LAS concerns the
general run of copper stocks which have
been sold to the public recently as good
things, it may be conseryativeiy assumed
that 80 per cent are trash and thu. % per
present high price Of the metal for their
earning capacity or even for their bare ex
istence. The rest of them may at some fu
ture date become excellent propositions.
1--WE hear the statement made frequently
that Amalgamated could pay its dividends
with copper at Is cents. OF course, this is
too ridiculous for comment. In effect this
is a statement that they are earning at
present prices 10 cents pound net above
the necessities of dividends and surplus. II
there were any truth In such an extrava-
giant statement the very fact that it was
true would knock the price of copper to
pieces. However, it is not true. Many
things enter into the consideration of the
effect of a sharp decline in copper metal.
but as an example of what has occurred in
the last give the earnings Of Amalgamated
Copper Company obtained from the county
clerk at Butte, Mont, of net earnings
made by constituent companies of the
Amalgamated Copper Company for the year
ending June 6, 1902:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-28

The Amalgamated Copper Company has
paid $4,000 600 in dividends since it was
brought out in 80. The Amalgamated was
a product of the industrial promotion fever
of the closing years of the century just
gone 1t was capitalized away up in the
sky, just as the Steel Corporation was two
years later. 1t has been called the great
swindle of modern American finance. Any
one out in the provinces who wants to get
a popuIar audience, while Grating on the
wickedness of Wall street, tells about the
awful Crime of Amalgamated.' The
Boston novelist wrote about 1t for year
or more.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-28
Speculative Sentiment Faltering.

Operations in the stock market this week
narrow and professional, indicative of an
indecisivc condition of speculative senti-
ment Response mas been equally feeble to
favorable or unfavorable developments. A
conspicuous feature of the week has been
the further material relaxation in money
markets at all money centers, the Imperial
Bank of Germany, the Bank of the Meth
erlands and the Bank of England have
reduced their official discount rates sue
cessively, and these Institutions, with the
Bank OF France all made returns showing
the substantial strengthening of the bank
ing situation in their respective territories.
In the United States money rates nave
continued to recede. Securities markets
have remained listless in face of this course
of events which had been looked forward
to with confidence as promising a release
from the restraints which have bound the
markets. 1t is significant that the easing
of foreign money markets. instead OF caus-
ing a flow of gold toward New York to set
in, has turned the tide of the foreign eX-
changes against New York TO an extent to
give rise to discussion among bankers of
a probable early outflow of gold. 1t is in
1erred from this condition of the exchanges
that an important part has been played in
the easing of foreign money markets by the
liquidation of American securities. The
question is raised incidentally of how far
the recent foreign takings of American
railroad notes have been returned to the
home market
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-28

DULUTH April 2I.-Wheat-No. 1, hard,
S65s; No l, northern, SJ5s; No. ,, northern.
S43s: May, S52s; July $685. September. S67s
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-28
This opportunity viii not last long.

Those desiring further particulars, maps detailed
reports, etc. before joining US. please conmu1i-
cate at once with the underwriters: CANADA
MINES, LIMITED. 41-45 ADELAIDE STREET
EAST. TORONTO, CANADA. 1t
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-28

] MILWAUKEE,, Wis. April 27.-Wheat.
| No. l, northern. s5aS6; No. . northern,
| Slast; July, 1914 bid. Rye, No. l. 12aI3.
I Barley. No. 2, 15aI514: sample, 62aI4
! . Cnrn-Nn = aSh asa 10. July. 4las bid.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-04-28
SENTIMENT WAS lNDEClSVE
Further Money Relaxation at All the
MartS.
SECURITIES RATHER INACTIVE
Outcome of Coming Crops Crucial to
Working Out Financial Situation
Conclusions of Significance.

NEW YORK. April 2T.-There were no
discernible operations of Importance i'll the
stock market today. although the tone was
somewhat improved. The scauty dealings
were largely concentrated, as usual lately.
in half a dozen stocks. Even in these ale
action was sluggish and without notable
significance. The bank statement proved
more favorable tnan had been anticipated,
and this had some helpful effect on stocks,
although the prevailing ease of the money
market detraCtCd from the Importance at
taChed 10 the showing of the banks Loans
were reduced to a small extent marking the
subsistence, apparently, of the heavy trans
fer of loans from interior to New York
banking institutions. which has been forcing
an expansion of New York bank loans for
several weeks past. The cash item also
showed a small gain in place of Inc ex-
pected decrease.
Abroad the London market was reported
to be affected by the prospect of fur
Their heavy withdrawal of gold for ship
ment to Paris on Monday. Considerable
speculative activity is being diverted to the
wheat market, and strength continued to-
day in that cereal. Some significance was
attached to the signs of strong demand
for New York real estate. indicated by the
course OF sales in progress, and differences
were suggested of a large available supply
of capital-seeking inves tment in that field.
The bond market however. has been APP
prcciably tirmer in the past two days. Total
sales of bonds, par value, S,J2, 900
Mower County transcript., 1907-03-20
=. CARE in MILKING.
Some Ways in Which Germs Get Into
Milk. f0.-

The milk within the cows adder is
practically. though not absolutely, free
from bacteria. Milk drawn from a
dirty COW, in dirty, dusty stable, by
dirty man with dirty hands and
clothes is sure to be unclean. From
the COW there falls shower of hair.
epidermis scales and other dust, bits
>of chaff and straw, and particles. If
not larger pieces of COW filth. The
milker of uncleanly habits. may con
tribute collection Of disease germs
still more potent for evil The filth
content of milk produced under such
conditions may be imagined.
It has been found that on an aver
age a loose hair, falling into the milk
from the cleaner parts of the COW, car
ries with it from 600 to 700 bacteria.
Particles of manure, or hair from
patches of manurial richness, con-
tribute a much more bountiful seeding
of the milk; at the rate Of several
millions for each gram, or half tea
spoonful Of the dirt. OF such is the
composition of the dark sediment
found at the bottom of the glass of
milk produced and delivered by care
less dairymen. DR.. "A. G. Young, Sec.
Me. Board of Health
Mower County transcript., 1907-03-20
training class and it Is this study that
leads. him to success in future life
IL is q good thing. Push 1t along.

1t looks simple on paper, They are
calculating in Iowa that as 100000
acres of corn are annually planted il il
that state, and as each acre produces
not less than 10 tons Of cornstalks, and
each ton of stalks produces 130 lbs Of
alcohol therefore, the state could an
nually produce 100000 pounds of al
cohol or 1,844,OoO, 600 gallons at a value
of say 40 cents gallon, and this mere
ly as by, product. We may safely al
low for some shrinkage in these esti-
mates aud yet see immense advantage
to farmers in the free alcohol law.
Mower County transcript., 1907-03-20

ORCHARD PRAC flCE.
Large Crops a Heavy Drain on the
Vitality of Trees.

Large Crops q Heavy Drain on the
Vitality of Trees.
Many persons do not understand
that the production Of large crops of
apples, pears, peaches, etc., is a heavy
draft on the vitality of the trees, and
if nothing is done to increase the fer
tility of the soil the trees must de-
cline ana finally die. Any one who
has grown fruit for some length of
time must have observed this. The
regular cultivation Of the soil during
the first half of the growing season
will undoubtedly be beneficial, but this
is allowable only on ground that is
level or nearly so and even then will in
time cease to be ef1icacious.
To Keep Up Soil Fertility.
There are two ways to keep up the
fertility: First. sowing crimson clover.
.cowpeas or some cover crop at the last
cultivation, to be turned under the
next season; second. applying stable
manure. The latter lis what may lie
done now, and there is nothing better.
Any one who has plenty Of stable ma
nure can keep his orchard in good con-
dition. It may be hauled right-out Of
the stable or the COW shed and spread
on the surface of the ground-not right
around the trunks of the trees, where
there are few feeding roots, but out
ten feet or more under the branches.
advises National Stockman and Farm
er. ", "->.z1
Z Good Plan.
And it is a good plan in such cases
to make light applications, going over
the. ground several times at intervals
Of five or six weeks.
Mower County transcript., 1907-03-20

the value Of all land id Steele county
but it, will enable farmers tocOmes more
often to OWatOnna to make purchases
and will bring them IN closer cOmmun-
ication with this city thus being a
boon to the business men. HI
st Peter Tribune: It does seem
that vendors canvassing the town from
one end to the other, visiting every
house should be licensed Persons
making a house to house canvass, sell
ing shoe blacking. soap, corsets, or the
hundreds Of other articles that can be
peddled around, ought to pay their
share of taxes, the same as our mer-
chants do. One of these vendors sells
more in one day than.the man in busi-
ness sells in a month, and hence kills
the trade. That anyone has right to
peddle is true, but peddling should be
licensed heavy enough to make it pro-
hibitory, because it is the most anti
quated and primitive way of doing
business that anyone knows of.
Youths Companion: The modern
schoolmaster, both here and in England,
laments the, fact that the Roman pro.
nunciatiOn of Latin makes no head
way. The old time schoolbov laughs
at him. He knows why it is. Each
years classes of young doctors and
young lawyers take their nice fresh
Roman pronunciation into professional
life, to find at once a aconservativefo force
Of older lawyers and judges and doctors
sticking to the English pronunciation.
Finding themselves powerless to over
come this, they yield to it., conform to
the prevalent practice, and so them
selves become a part of that conserva-
tism which opposes the next class. 1t
is doubtful if the. Roman rronuncia-
tion Of Latin ever gains permanent
1oothold outside OF schoOlrooms.
Mower County transcript., 1907-03-20
How to Rem ain Young.

To continue young in health and
strength, do as Mrs. N. IF. Rowan, Nc
Donough, Ga, did. She says: Three
bottles Of Electric Bitters cured Inc .of
chronic liver and stomach trouble,
complicated with such an unhealthy.
tically 20 years younger than before u
took Electric Bitters. u can now do all
my work with ease and assist in my
husbands store. Z - Guaranteed at
X Os-yV old's drug store. Price SOC.
Mower County transcript., 1907-03-20
The Date Palm.

. The date palm has the unusual pow
er of resisting large amounts of alllali,
the most dangerous foe to agriculture
in the arid regions. both in the soil and
4 Id the trrigating water. This will per-
nit It to be grown prof tably on lands
so salty as to prevent the culture of
any other paying crop and thereby
render feasible the reclamat lion Of hun,
tlreds Of square miles Of the most fer
tile lands in the southwest which AT
great expense have been put under irri-
CATION Bureau Of Plant Industry.
Mower County transcript., 1907-03-20

PROF. ". w. Hill, supervisor Of
manual training in the public schools
of Minneapolis, says; "Pupils who
take course in manual training gem
orally become SO fascinated with the
work, that they refuse to leave the
work bench at the close Of the study
period if they have not completed their
work. Generally speaking the boy who
cares nothing for books proves to be
the brightest scholar in the manual
Mower County transcript., 1907-03-20

"WE do not intend to arrest the
violators of the ordinance once week
or once month"; said DR.. Ohage, the St.
Paul health commissioner, "but we in
tend to have the offenders fined
every day until the thing is stopped.
We are going after the big offenders
first, especially the chronic offenders,
and make an example Of them" And
DR., Ohage was fired. The mayor had
no use for such officials. It is pity,
Mower County transcript., 1907-03-20

NEVER fear that the railroads are
going into bankruptcy on account of
the disclosure Of rascality by manipu-
lating managers. After these are got
ten rid Of therailroadsI will prosper as
never before. When they have 80
much to haul that they cannot handle
it promptly, we have no fear of their
not prOspering. =
Mower County transcript., 1907-03-20

"IT is the duty of every honest
patmot to .rebuke in emphatic fashion
alike the politician who does not under
stand that the only kind of practical
politics which a nation can with safety
tolerate is that kind which we know as
clean politics, and that we are as severe
in our condemnation of business trick
cry which succeeds as of the business
trickery that fails" ."-President Roose-
velt..