davidaulloa/AmericanStories huggingface dataset:
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-29
PRICES OF IRON KEEP
ON GOING LOWER.
Cessation Of Production at Several
Plants Expected, However,
to Check Decline.

CLEVELAND. o., Aug 2s.-The Iron
Trade Review. in its issue today, says:
All centres report a further weaken
ing of prices. and the midsummer lull
has only been broken by purchases OF
a few odd lots to cover consumers m
mediate needs.
Southern iron No 2 has declined to
$3.50 Birmingham for delivery the re-
mainder OF the year, and one producer
has named SIT for the first six months
OF 1908. The purchase of 5000 tons OF
Bessemer by the Jones & Laughlin
steel Company at s22 valley for Sep
tember shipment records a decline OF
so cents on this grade. The win
out of several eastern stacks is sched-
uled in the next few weeks, n this
curtailment of production is expected
to have a stimulating effect. For the
first time in several years the Illinois
steel Company has a surplus iron pro-
ducing capacity, and from 5000 to
10000 tons a month are being shipped
to other plants of the Steel Corpora
ton.
Several independent tin plate mills
have temporarily suspended operations
owing to the scarcity and high cost OF
raw material. Specifications for sheets
and other finished lines are heavy, all
though new business is light. Orders
pending for cast iron pipe include
5000 tons for Kansas City, $500 tons
for Columbus. while New York closes
for 5000 tons today.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-29
N AND

Call money In New York 2ls9S% per cent.
New York clearing house statement: E1-
changes. S1O4, $50, 05; balances, S,SA5.O6e;
sub-treasury creditor for $221,7o SUD
treasury lost s222.O 900 from che banks, but
since Friday 1t has gained 81, :,
Commercial bar silver In New York SITS
cents; Mexican dollars 52is. cents; bar sli.
yer in London 31Ad.; premium on gold at
Madrid 1870: at Lisbon S.
Paris private rate Of discount S% per
cent; exchange on London rs francs 10
confines. Paris rentss "a francs 62k CEN
.ines. Berlin private rate of discount I'M
ang Weekly statement OF the Bank
of France shows gold on hand, decrease
q. $50. 600 francs; silver on hand, decrease
AIS, 900 francs.
Money on call IN London 2Ad21z per
cent. Rate of discount in the open market
for short bills AZ per cent three months
bills, 4H04ss per cent. Consols of both ac-
ccunts 50 e-16d. The Bank OF England pur-
chased s2S0,000 gold bars In open market.
The minimum rate of discount OF the Bank
of England is unchanged at ~ per cent.
The weekly statement Of the Rank Of Eng
land shows the following changes: Re
serve, increase e9a7,Oo0; circulation. de-
crease zoe, 600; bullion, increase 9SSl.O o
other securities, increase 9465,OO0 Other
deposits. increase f49s,0oo; public deposits
increase $4,000; government securities
unchanged. The proportion Of the banks
reserve to liabilities is now 1910 per cent.
against 4.S2o per cent. last year.
Foreign exchange market steady, but
rates were off about 8 points. Demand
sterling was quoted 4.s66514. 500; cables
4.s7Ma4S13O; sixty day bills. 4.s2s414.S2So
short francs, 5.1ck less 1-32d5.161s, and
short relchmarks, 81 15-lG.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-29
THE D MARKET.

NEW YORK, Aug. 29.-Flour-Receipts,
1888 packages; sales, 5000 packages; nrm
with trading quiet.
Wheat-Receipts, 81 900 bushels; sales,
1900, 900 bushels. There was a strong ad-
vance in wheat this morning. influenced
by higher cables, unfavorable Northwest
weather news and active covering. sep
TENDER, 1.001kG1.O1; December, 1850
1.05 1-16; May, 1.0SM@1.09A.
Rye-Firm; No. 2 Western, IS, I. o. D.
New York new.
Corn-Receipts, none; sales, 30 bush
els. Firmer on cables and with wheat
May, 65A@66A.
Beef-Steady.
Pork-Steady.
Lard-Easy; Western prime. 9cods,10.
Sugar-Raw. steady. fair refining, 3.R:
centrifugal. Sc test. $50: molasses sugar
300. Refined, steady: crushed, $40; pow
dered, $40; granulated, 500.
Petroieum-Firm; refined, all ports
S.40d8.45
C~ofree-steady; No. 7 Rio. sss; No. San
stos. ~.
Moiasses-Firm; New Orleans. s7@4s.
Butter-Strong; receipts, 1850: came
specials. 26la@H; extras, 26; thirds to
firsts, 21625is; Western factory common to
extra, 1SH9z2. =,
Cheese-Strong; receipts, 5;o47; State, full
cream small colored fine, 1874: do. white,
10 fair, 1Olk912: do. large colored fine,
to good, 10h9f2h; skins. 1Q11.
E~ggs-Quiet: unchanged; receipts. 9.922.
Poultry-Alive, steady; spring chickens,
15k; fowls. 14k, turkeys, 10. Dressed,
steady; Western broilers. 1903; turkeys.
1876; fowls. 12915.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-29
ERlE'S DIVIDENDS.
Directors Declare Them to the Gratihca.
ton of the Stockholders.

NEW YORK. Aug. 29.-The directors
of the Erie Railroad met today and
declared the regular dividends on the
first and second preferred stock, but
made them payable in the form of war
rants instead of in cash. This was bet
ter than had been expected, as it had
been rumored beforehand that the divi-
dends on the second preferred would be
passed entirely. The interest IN the
warrants is to be 4 per cent, but their
duration and form will be determined
later by a special committee, after au-
thority for the issue of the warrants is
obtained from the Public Service Com
mission.
1t is understood that the declaration
of the dividend in this form is accord
ing to the policy that stockholders
should get dividends whenever earned,
and at the same time it gives the road
a loan of about 50, 500. 600. the amount of
the two dividends. which it needs for
improvements.
The full dividends of 4 per cent. each
were paid on the first preferred stock
in 1904. 1905 and 1906 and on the second
preferred stock in 1906.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-29
TO IMPROVE PACKING
OF GOODS FOR ABROAD.
Steamship Companies Take Up a Subject
That Has Been a Prolific Source
Of Discussion for Years.

NEW YORK, Aug. 29.-Traffic managers
Of the steamship lines with regular serv-
Ices to Central and South American ports
and the West Indies have decided to make
a united effort to impreAs the exporters
of American goods with the fact that their
methods OF packing are not up to modern
English and German standards, and that
If they expect to make Roadway In this
trade they must compete oil an equal basis
| Circulars to this effect are being widely
distributed among merchants and export
ers.
An example of the bad packing OF
American goods is shown in a recent con-
sular report from Foo Chow, China, to
which 20 separate pieces Of stained cathe-
drai glass were shipped for use in a me-
mortal church. there. When the shipment
arrived 1t was found that out OF the entire
lot only sixteen pieces were free from
de mage.
As the church in which they were to be
used was nearing completion and not enough
OF unchanged glass could be found for
sny one window, a fresh order had to be
sent to the United States, and a delay OF
I'VE or six months must necessarily ensue
before the building can be dedicated and
fused.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-29
TO EXCHANGE CARS
HAVEN ROAD WOULD
ESCAPE DEMURRAGE.
Makes Counter Proposition to American
Railway Association, Whose Offer
It Has Rejected.

NEW HAVEN. Conn, Aug. BIT y
authoritatively stated that the proposition
of the American Railway Association TO
submit to arbitration the question of the
demurraee rate to be paid by the New
York. New Haven and Hartford Railroad
Company on detained foreign cars, has
been rejected by the latter corporation, 30
that The announcement Of withdrawal from
the association made by the New Haven
Company still stands. and unless some
compromise is arranged 1t will go into Ell
feet at an early date.
A counter proposition, It is stated, has
been made by the New York. New Haven
and Hartford Railroad Company, and' u
Is understood, has the approvai OF INC
Pennsylvania company Win mn
New Haven company exchanges d 49,
Volume of traffic in foreign cars. Onaer
the old conditions the outside companles
hava been sending to the New Haven sSs-
tom a much larger number OF cars 'han
~ NV Have sends to the outside rail-
roads. It is now proposed oy Tue ~"
Haven company that 1t shall nave m
privilege of sending its empty cars "nlSn
otheruise would be held at nome, TO tne
outside svsternsS and those cars snaii
connt car for car In the demurrase rats
As tnev would be returned 10 many cases
loaded under existing conditions OF neaVy
et etward tiaf1c, the New haven roe"
would not only be a gamer in actual DUST
ress. but be able also to use these empty
cars to make good the difference an Inc
total demnrrage charge.
For example. If the Pennsylvania com
pany should send 400 of its cars a day INTO
the New Haven coinpany's territory and
the New Haven send 200 into the fennsy,
vania's territory the former would be al
lowed to send in addition 400 empty cars
and make the demurrage account between
the two corporasiols equal. How far this
proposition would be acceptable to the OUT
side roads In general and to the American
| Railway Association is a matter yet to be
tested. The plnn is the more available for
the New Haven road as 1t expects to have
large additions to it's freight rolling stock
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-29
MoRRIs's SUCCESSOR.
Supposed That His Son will Take His
Place in Packing Business.

CHICAGO, Aug. @.-The will OF the late
Nelson Morris. the last of the "Big Four
packers. is the chief subject Of comment
among those interested. 1t is estimated
that it will dispose Of al estate Of APP
proximateIy 10000. 900, and 1t is believed
by Mr.. Morris's business and other asso-
clates that a large part of this wealth VIII
be devoted to charitable e~ndowments In
accordance with tendencies which gov
erned his disposition Of much OF his money
during life.
discussion throughout the stockyardA was
the likelihood of the vast business now
falling on Edward Morris. son OF the
packer. He has been in virtual control OF
the affairs of the company for the last few
years.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-29
p1v1pENp

Sears, Roebuck & Co.. regular quarterly
of ia per cent. on its preferred stock,
payable October !; books close September
1S, reopen October l.
Multiphone Operating Company, usual
monthly of / per cent, payable September
II to stockholders Of record July 81.
st. Joseph, South Bend and Southern
Railroad Company, semi-annual of ia per
cent. on it's preferred stock, and Of / per
cent. and an extra of II per cent. on its
common stock. payable September l6;
books close September 1 and reopen Sep
TENDER II.
Associated Merchants Company, regular
quarterly of IN per cent. and an extra OF
l per cent. on its common stock, payable
September 1; books close August 30, re-
open September 8.
American Can Company, regular quar-
teflay Of Ia per cent. or its preferred
stock, payable October 1; books close p
tember II, reopen October 2.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-29
GYPSY HAD s5o.ooo GOLD.
Police, with Search Warrant, Find
Bullying Bags Of Money.

BOSTON, Aug. 29.-Fifty thousand
dollars in gold was found by the Ded-
ham police yesterday when, armed with
a search warrant, they descended upon
a gypsy camp in the woods between
Dedham and West Roxbury and placed
the chief of the tribe, Bimbo Valada,
under detention until he had turned
over to his wife Liza the bullying bags
of gold which h claimed as her prop
erty.
No arrest was made by the police,
as Mrs. valada did not want to press
any charge against her husband. After
the money had been returned &c Mrs.
Valada the entire party, numbering
twenty-five men, thirty women and
fifty children. left their camp grounds
and took up their journey.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-29
CHICAGO r A MARKET.

CHICAGO. Aug. 29.-The wheat market
opened active, with a large trade. The
heaviest trading was In December. De-
cember opened Is higher, In spite of heavy
selling by longs. while the September
option was not so heavily pounded. The
strengthening factors were the usual re-
ports OF poor threshing returns. Septem-
Der opened y to rs higher, at Oh to Oily,
and then, on realizing sales. declined to
eO5S.
The corn market was strong, in SYM
pathy with wheat and because of unfavor-
able weather conditions reported from
Iowa. The buying was heavy at the open
ing. September opened Is to "a higher. at
so to 60H, and then sold of to 60.
Trade was light in the oats pit and
prices were higher. along with other grnfn,
September opened n higher, at 5ots, and
sold at 50N.
The provision market was weak, because
of the heavy run OF hogs here and in the
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-29
THE COTTON MARKET.

NEW YORK, Aug. 2.-The cotton mar
ket opened steady, at n decline OF point
to an advance of 5 points, the loss being
on September. which was Influenced by
liquidation In preparation for notice day
tomorrow, while later months advanced In
response to better Liverpool cables and
large English spot sales. There was an
active demand for September right after
the call, with that month selling up from
11.55 to ITO. or is points net higher, and
later months sold II points net higher on
covering Of shorts and bull support, en-
couraged by bullish new crop adyices and
reports of an urgent demand for spot sup
plies from the old crop. Later there were
slight recessions under realizing, but the
tone was steady.
The market was quiet late in the fore
noon. but ruled steady to Arm. Prices at
midday were 2 to 3 points or from the
best. but maintained a net advance of 9
to 10 points on the active months.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-29
5000 DOC REAL ESTATE DEAL.

JERSEY CITY. Aug. Bone Of the
largest realty transactions to be recorded
in the registers Office at the Court House
was filed Yesterday. whereby j. Edward
Ogden. dealer in hardware supplies in New
York city. transferred to Henry and James
Rich Steers, the engineers. Of II Battery
place, New York. a tract OF land in Bay
onne comprising four city blocks. The
property sold is located on the XIII Won
Kull and extends from Humphreys ven
10 Newman avenue. and from West Third
street to the XIII Won Kull. The property
is about 619 feet in width and about 800
feet deem in depth, and formerly belonged
to the Ogden Iron & Steel Manufacturing
Company. The price paid wa $4,000.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-29
AILRo EARNINGS.

Delaware. Lackawanna and Western re-
ports for its leased lines In New York State
for fiscal year ended June 30: Gross 49,
52S, increase 81, s21. 467; operating expenses S.
1853, sT, increase $243,1s3; net sSsSO.s52. In
crease $1.57s, ga; fixed charges $2,4S7.ssO. in
crease 50, 12O; surplus a, 422, 9Sa, increase ST.
$50. 154.
For July:
Toronto and Hamilton and Buffalo, $S,65S,
increase $40. 914.
Canadian Pacific, gross $7.0oS, ga, increase
$1,040. 906; operating expenses A.601, al, In
crease $s05, 1854; net $2.506,S5S increase
1886, 042.
Minneapolis and st. Louis, gross SS62,S1i.
Increase $44, 2S9; operating expenses and
taxes 1882, 4s1, increase s25. $685.; net $3.50, S53,
increase s.. $50: total 143, us. increase 81, 46s-
Iowa Central, gross s24o.6l1, increase so.
7s6; operating expenses and taxes 1S2'lSl,
decrease S9lT: net $685. $50, increase sl1,TN;
total $T2,500, increase $4,000.
Central Of Georgia, third week in August,
s217, GOO, increase $500. From July LIST, ST.
Gil. 700, increase SIS, 700.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-29
YORK BUILDERS
REMARKABLE FAILURE.
Halprin Declares He Has Nominal Assets
Of Only $3.50, and Liabilities
of 1,154.sl2.

NEW YORK, Aug. 2s.-Jacob 9. Hal
prin, a builder here. has filed a personal
petition in bankruptcy in the United States
Court, showing liabilities of 81 .1o4.S12 and
nominal assets of $3.50. exempt.
Halprin, 1t is stated, engaged in extern
sive building on a small capital. and while
money was easy to obtain was successful
and was looked upon as a millionaire.
With a frightened and higher money mar
ket and tenants for his build
ings difficult to obtain he became embar-
raised. Suits, liens and other attach
ments forced him to the wall, and he now
finds himself in the bankruptcy court, and,
according to his own statement. PRACTICAL
ly penniless.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-29
7 LOOKS ROSY
TO CHARLES M. SCHWAB-
steel Man Believes That Everything Is
Going On Smoothly and That Ulti-
mate Results Are Not in Doubt.

NEW YORK, Aug. 2s.-Charles NJ.
Schwab is optimistic over the steel and
iron situation. He sees no reason for dis
couragement, much less for pessimism. He
said In an interview that his optimism
was based on the observation that during
the thirty years in which he has been
Identified with the steel and iron business
there has been a constant increase in
that business almost year by year, and
therefore there will be no stoppage now.
He continued:
The extension of our railroads is OBJ
vlously necessary. and the increase in our
steei-producing capacity follows as a mat
ter of course. The increase in demand
will most assuredly go on, and those VINO
saw 100000 tons of steel used in 1880 and
nearly 5000, coo tons in 1907 will live TO see
the time, not so many years hence, when
we shall need SO, 100000 tons Of steel.
do not misunderstood me. We may
have, we shall have, recessions, but the
ultimate result is never in doubt" he con-
cluded.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-29
RAILROADS RESTRAINED.
Not Allowed to Put Into Effect New
Rates ON Western Dairy Products.

CHICAGO. Aug. ~29.-Judge Kohlsaat. in
the United States Circuit Court today, is
sued a temporary injunction against four
teen Western railroads and five express
companies, restraining them from estab-
fishing on September a new rate on ship
ments of cream, milk and butter.
The compliments were fourteen cream
cry companies of the Middle West, who
charged the railway and express com
panies had combined to fix an excessive
rate that would drive the creanleries out
of business. A protest against the pro-
posed action of the railway and express
companies has been filed with the Inter-
state Commerce Commission, but accord
ing to the creamer companies, 1t could
not be considered by the commission with
in a year.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-29

JERSEY CITY, Aug. 2e.-Artleles OF IN
corporation of the following new conn
panies were filed Wit the County Clerk
yesterday:
Irving Securities Company, to manufac-
ture all kinds Of paper and articles made
from paper; registered office, 70 West
divided INTO 1900 shares OF the par value
Of 500. Incorporators, Schuyler L.
Mackie, Is West Eighth street, Bsyonne'
man street.. New York. four shares, and
Alfred II. bronson and William F. Coley,
rs Broad street, New York, each two
shares.
Nomordust Chemical Company, to mann.
facture a chemical preparation. TO prevent
dust at So Wilkinson avenue. Jersey City;
capital $50. 600, divided into 5000 shares OF
the par value of $40. Incorporators, James
T.. Snitzer, 1926 Arlington avenue, Jersey
City, eight shares John W. Brunton. ~
.Danforth avenue, ten shares, and Jessie
u. Snitzer, 126 Arlington avenue, ten
shares. all OF Jersey city.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-29
LEAD PENCIL WOOD
FOUND IN PHILIPPINES.
It Is Fast Becoming a Scarce Article and
Discovery of New Source of Supply
Is Most Welcome.

WASHINGTON, Aug. 2e.-Word has
been received by mail from Manila
that New York capitalists have become
greatly interested in the report that
Philippine woods of various kinds have
been found that are believed to be
available for the manufacture of lead
pencils. Samples of these woods are
on the way to the United States
and their availability will be tested.
V Lead pencil woods are becoming
scarce all over the world and If the
Philippine woods are found to be salts
factory there will be a large market
for them. The samples shipped are of
the red lauan n balalbacan, 10Th of
which can be laid down at Manila at
from S35 to $45 per thousand board
feet
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-29
NEW YORK TRANSIT.
Public Utilities Board to Order Facilities
Increased Immediately.

NEW YORK. Aug. 2s.-The Public Utili-
ties Board. 1t Is said, has decided to call
upon all subway and other railroad COM
panies in the boroughs of Manhattan and
the Bronnx to run more trains. The re-
cent investigations seem to have shown
the board that the transportation facili-
running all lines to their utmost capacity,
which. h Investigations have shown. is
not now being done.
It. Is stated that the first of the orders
for increased services may be issued tomor-
row.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-29
FLEEs FROM STRIKERS.
Postal Telegraph ONCE Manager Has an
Exciting Experience.

CHICAGO, Aug. 29.-Attacked by SYM
pathizers Of striking telegraph operators.
John Laux. manager Of the Postal tele-
graph office at Waukegan, ILL.,. was forced
TO flee from his office to escape injury.
naux, who is the sole support of his
mother. refused to quit work when the
strike was called Yesterday many strikers
and their friends took an excursion
steamer ride to Wsukegan.
A score of the excursionists called at
the Postal Office and became so boisterous
that Ilaux fled. The intruders then ran
sacked the office, o~verturning tables and
desks and destroying blanks and booke.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-08-29
NEWS AND NOTES
FOR INVESTORS

The interest on New York's S40,O00,0W OF
~ per cent. bonds will amount to about
$50 100000 IN the fifty years during which
they run. Bankers comment adversely on
such expensive financing.
OF the ninety leading Industrial and rail-
road stocks only fourteen are now selling
above par. The "three-fRures" class has
become quite exclusive. Last year 1t was
much more common Only one stock, Del
aware and Lackawanna, sells above NW.
Since May 1 the gold exports have
amounted to 81, ESQ. O0O. The fact that the
rate OF exchange is against exports at
present proves that. Germany, which 10
taking gold from the United States, needs
1t. and is willing TO pay the price
The governors of the New York Stock
Exchange have voted to close the ex-
change on Saturday, giving the brokers a
holiday from Friday until Tuesday morn
ing. The Consolidated Exchange probably
will decide to close on that day also, and
the Produce, Cotton and Coffee exchanges
already have voted TO do so.
The Iron Age says: THE principal
anxiety of producers Of iron and steel is
that of collections, and these appear to
be the more unsatisfactory the closer
the buyer is to the railroad interests
The financial situation is dominating the
industry, yet here are surprising few can
cellations, and deliveries Of material are
taken right along. Current consumption
is still very heavy and promises to con
tinue so for many months to come but IN
those branches OF the trade which have
enjoyed the greatest advances there Is a
deadlock between buyers and sellers over
prices for future delivery and the markets
are decidedly weak"
Railroad statements for the montn OF
July are being somewhat delayed by rea-
son Of the fact that the new law as 70
the form of the reports went into enec'
on the first of thai month. This has made
changes necessary and increased the
clerical work. 1t is not expected tna'
there will be much change in the forms
Of the monthly reports which are made
public.
The following table shows the net loss
suffered during September by the Ne"
York banks n the last three years, owing
to the excess of money shipped to tht
interior over the sums received. These
figures represent the net interior move
ment Of both gold and legal tender: