davidaulloa/AmericanStories huggingface dataset:
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-25
CENTRAL OF NEW JERSEY
ORDERS 1000 NEW CARS.
Excellent Demand for Traction Rails,
Says Iron Trade Review-Pig
Iron Dull.

CLEVELAND. O., July 25.-The Iron
Trade Review today says:
BY their recent purchases. lake and ran
transportation interests evince a refresh
ing confidence In the future. Within the
month. contracts for seven large boats
have been placed with lake ship builders.
and the purchase Of three more steamers
is pending. Steel contracts for the former
aggregate %. 800 tons, and about 10000 tons
will be required in the construction of the
latter.
The principal orders for railroad cars are
5000 for the Illinois Central, 1000 for the
Central of New Jersey. 5000 for the In
tercolonisl and 1000 for the Burlington,
all placed since the irst of the month.
There is also ar excellent demand for
traction rails. one large manufacturer
having inquiries pending for an aggregate
Of 1900 tons The money situation alone
prevents the immediate closing of the
bulk of this tonnage. Specifications for the
various forms of flushed iron and steel
show no %dimirution, but there is a season
able decline in new tonnage. Pig iron
is dull and soft. and scrap continues its
downward course.
The strike of dock laborers at the head
of the lakes and at the iron mines is very
serious. and shipments of ore will show
a heavy decline this month.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-25
TIT COTTON MARKET.

NEW YORK, July 25.-The cotton mar
ket opened steady at an advance OF la4
points which was considered hardly a re-
Spouse to somewhat better cables than
expected. The scattering showers reported
In the South were not as general as some
had expected, but helped to allay appre-
tensions of drouth and som bearish crop
news was received concerning conditions
in the Atlantic States.
This caused liauidotion and bear pressure
Immediately after the opening under which
prices sold off to a net decline of 4n6
points on the active months, but at this
level the bulls came to the suppost of the
market and there was a quick rally carry
ing October up to 11.92 or ten points over
the closing figures of yesterday, while
later months were about gas points net
higher. Trading was fairly active and
fluctuations rather irregular during he
middle of the morning.
During the late forenoon the market sold
up to a net advance of is to 16 points on
the active months on covering n bull
support, encouraged by private wires
claiming continued high temperatures In
the eastern belt and predictions of hot
winds in western sections. Realizing
caused slight recessions oward midday,
the market being about five points of
from the best at noon, with trading less
active.
Spot, quiet, middling gulf. 1885.
Quotations furnished by Van Schaick a.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-25
WALL STREET
BRISK OPENING, WITH THE
HARRIMANS AS LEADERS.
Reaction Soon Follows, However, and
Something Like Apathy Rules the
Market Throughout.

NEW YORK. July 25.-stoek market In
terest centred in the opening dealings II
the Harrimans and 10000 shares of Union
Pacific sold at 14S and 147A. compared witt
1857 last night. while Southern Paelf'
rose &. Reading. Kansas n Texas ano
Brooklyn Rapid Transit rose ] and North
ern Pacific a.. There was selling to take
profit in some quarters of the list wltn
the advantage of these sustaining factors
Canadian Pacific declined q, Minneapolis
st. Paul and Sault Ste Marie preferred
IA and Sloss-Shefheld Steel IL. The mar
ket was board and active.
II a. m.-The market stood III well under
active realizing for fifteen minutes, dur
ing which Southern Pacific sold at 9lSs'
American Smelling rose ]. u. S. Rubber
ia. the LIST preferred IA and New YORK
Air Brake ,. Before the half hour eN-
pired Union Pacific had reacted l and
Southern Pacific IA from the best, forcing
the latter a shade below last night. Cana
dian Pacific and General Electric lost J.
.lReading's rise later to above 17 steadied
prices. but did not rally them, and the
dealings fell Into dullness.
p. m.-Prices sagged again when 1t was
announced that the Southern Pacific direc-
tors had adjourned for a week without
formal action on the dividend. Erie de-
clined IL, the first preferred, New York
1enlTdl una N~OIluWtottln 4 aib DhAc
Pacific preferred 1ss. National Biscuit adj
vanced rs.
Noon-The unresponsiveness of the list
to the advance in Reading. except for
Baltimore and Ohio's rise of l, made the
traders suspicious, and they sold the
market. Prices reacted decisively to below
last night. The declines in Southern Pacific
reached rs. Illinois Central and Cana
dian Pacific 11s. Nashville. Chattanooga
and st. Louis sold at a decline of 31a. The
market was quiet and steady at noon,
when Southern Pacific rallied to above 81.
Bonds were irregular.
2 p. m.-Prices drifted irregularly on
small dealings. A few special movements
attracted attention. Brooklyn Transit rose
15a and ACKNOWLEDGEMENTS pre-
ferred /. The three Erie stocks fell ia to
2, Amalgamated Copper rs, Railway Steel
Spring | and General Electric Ia. :,
3 D. m.-The market closed heavy and
dull. Union Pacific sold off to l below
last night and gave a heavy tone to the
market, although Southern Pacific was
supported at about last nights closing
prices. Traders were mystihed and OPP
Grated cautiously. There were small re-
coveries in the late dealings, Brooklyn
Transit rising 2.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-25
GETS BONDS
S5OO.OOO COUNTY ISSUE FOR
LOCAL BANK.
other Bidders offered to Take Only
Small Proportion of the Sc
c~urities.

The finance committee of the Board of
Freeholders his afternoon received bids
Its meeting in the Court House.
Chairman Nathaniel ]. Ward presided.
The books were closed at 2:30 o'clock, but
on motion of Freebooter Reilly they were
~reopened. Three bids were received.
One from former United States Senator
James Smith, jr., as president Of the Fed
eral Trust Company, offered to take the
whole issue at par. The second came from
F. L. Hoadley as president of the Ameri-
can Insurance Company, whose bid was for
100000 worth at 100.25, and the third was
from julius S. Rippel for $10o, 900 worth at
1OO.005.
These bids are remarkably low and the
peculiar feature about it is that all are
local bidders.
The county needs the money for the
work of construction that is going on at
the buildings for the hospital for the in
sane at Overbrook, and the issue is the
second of Its kind that has been made.
When the first issue was sold, several
months ago, the bond market was in such
poor shape that the best bid was only
100. 81. which was that made b. Howard
Stokes and John d. Everitt, of New York.
In sharp contrast was the sale. made sew
eral years ago, Of Essex County Park
bonds, which reached the high figure of
116 and a small fraction. This was the
best bid ever received by the county. 9
The bonds of today, like their predeces-
sors of the same class, are 4 per cents, the
interest to be payable February l and
August l of each year. They are to run
for forty years, and are payable, there
fore, August l, 1947. The denomination Is
$1,000 each.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-25
PERFECTING PLANS FOR
WAREHOUSE OPENING.
Five Thousand Invitations to Be Issued
by the New Jersey Central
Railroad officials.

High o~ficials of the New Jersey Cen
trail are meeting this afternoon with John
Van Doren, general manage of the New
ark Warehouse, at Mechanic, Lawrence
and Ward streets, at the latter's office
In the warehouse and perfecting the plans
for the formal opening of the warehouse
next Thursday night. The Warehouse
Company is to handle the New Jersey
Centrals freight, and the railroad officials
are doing all they can to make the OPEN
Ing a notable event.
There are now being sent 5000 INVITA-
tions addressed to prominent business men
of this and adjoining cities. Several
thousand -incandescent lights will be strung
on the building, which will ais be decor
ated will flags and bunting. Refresh
ments will be served. and a musical pro-
gram will be given during the evening.
In a way, the opening of the building
will be a miniature business show" for
at few expositions may be seen such up
to-date facilities for handling all sorts
of freight as have been placed in the new
warehouse. Complete elevators and con-
veyance systems take the freight from
floor to floor. There Is room on the track
inside the building for fifty freight cars.
and the structure has a capacity Of 100
carloads,
The a1a1r promises TO De u notdDie COnn-
merclal ana social event in New Jersey.
The building will be thrown open for IN
pectson between 7:3O and 10 O'Clock
Railroad men say that the warehouse
is unique, and that there are few build
ings in the country better adapted for the
purpose for which 1t has been Quilt. The
cars of the New Jersey Central will be
switched into the ground floor OF the
structure. where their contents will be
unIoaded and lifted by means of a com
plete elevator system to various floors set
aside for the different classes of mer-
chandise, there to be stored until the
consignee wants them, or else unloaded
directly onto trucks.
h entire building is of reinforced con-
crete. There is nothing in its construction
that can burn. If the stored
there should by any means catch nre'
there is, in addition, a complete sprinkler
sysytem, so that the risk from flames is
reduced to a minimum.
An idea of the the size of the structure.
which occupies a city block and is six
stories high, may be gained from the fact
that there is 100000 square feet of floor
space. The total weight of steel used in
construction is 5000 tons. There are four
teen elevators and eight gravity convey
ances.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-25
THE CHICAGO GRAIN MARKET.

CHICAGO. July 25.-Wheat opened
active today and with a strong general
demand which in a short time sent
prices up about 1 cent. Later realizing
sales caused a drop of about Il of the
advance. Firm cables, higher prices
on the Minneapolis curb and unfavor-
able weather in the Northwest were
the bullish factors. September opened
Is to nc higher at 921k to 92%, sold
up to $50 V, and then declined to
92h ".
Corn was strong. Numerous reports
of damage by flood were received from
the West and additional ain are pre-
dicted for that section tonight. Sep
TENDER opened 1s@A to 9s@Mc higher
at 53H to 5S%. and for a time held
within the opening range.
Oats were firm in sympathy with
wheat and corn. September opened
u to sc higher at 3sB to 80, and sold
at 3S% "a. Local receipts were IS
carsI
Provisions were quiet and steady.
September pork opened sc higher at
1866. Lard was up. "a at $50. Ribs
were a shade higher at $50.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-25
MONEY AND EXCHANGE.

Cali money in New York 2ls43h per
cent Time money market was firmer to-
day. Quotations for four months oAdohs
per cent; six months 5%98 per cent
thirty days sls@4 per cent; sixty days
464is per cent; ninety days 4%45 per
cent and ) months 5H@5% per cent. New
York sub-treasury lost $1,264.00O to the
banks and since Friday 1t has lost $S,370.00O,
snd WINS a debtor at the clearing house
for s72s,3S1.
Commercial bar silver in New York 6S%
oets. Mexican dollars 531a cents;
bar silver in London 31ssd.; premiums on
gold at Madrid 12.50; at Lisbon 2,25.
Paris rentes SO francs 10 centimes- Paris
private rate of discount 25 francs 16 CEN
times. Berlin private rate Of discount AZ
rer cent. exchange on London 20 marks
49, pigs. weekly statement of the Sank
of France shows notes in circulation, de-
crease, S7.65O,OO0 francs; treasury deposits,
Increase. $50, O25, 900 francs; general deposits,
decrease. %. $4,000 francs; gold on hand,
Increase, $4,000 francs; silver on hand,
Increase, 800, 600 francs; bills discounted,
decrease, 81, 200, 600 francs; advances, de-
crease. 1S, $4,000 francs.
Money on call in London, ? per cent. /;
rate of discount for short bills, 3A per
Consols for both accounts. S9ssd. The
Bank of England today purchased esq 900
gold bars in open market and f120,00O
gold was shipped to South America. The
minimum rate of discount OF the Bank of
England was unchanged at A per cent.
Weekly statement of the Bank of Eng
land shows the following changes: total
reserve Increase, e431, 900; circulation in
crease, E66,000; bullion increase, f4S 900;
other securities decrease, fS45,O00; other
deposits decrease, &164,00O; public deposits
decrease. e245,0O. government securities
unchanged. The proportion of the banks
reserve to liabilities this week is 47.10 per
cent. against 1900 last week and COM
pares with a decline from 49h per cent. to
4s1s per cent. in this week last year.
The Bank of Bengal today reduced rs
rate of discount from 4 to ; per cent.
The foreign exchange market held a
steady tone with the rates practically I'M
changed. Demand sterling was quoted
4.S695@4.S7; cables 4.S740q4S7 45; sixty day
bills A.SSs0a4.SSS5; shoort francs 516h4
5l6h less i-s2. and short reichmarks so4a
95h less LEA.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-25
NEWS.

NEW YORK, July 95.-Arrlved. steamer
President Lincoln, from Hamburg and
Nord Amerika, from Genoa.
SABLE ISLAND, N. s., July S.-The
steamer Arabic, from Liverpool for New
York. was in communication by wireless
telegraph with the Marconi station here
when go miles east of Sandy Hook light
ship. at 9 p. M. 24th. VIII probably dock
about 1880 A, NJ. Saturday.
BROWHEAD, July 25.-Tbe steamer
Amerika. from New York for Hamburg
was reported by wireless telegraph 1N
miles southwest, at $50 A. NJ. today. vii
probably reach Plymouth about 1 A.. M.
Friday.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-25
NEw CORPORATIONS.

The World instruction and Amusement
Company had its articles of incorporation
recorded in the County Clerks office to-
day. The concerns chief object is to
exhibit and operate a machine known as
"a Trip Around the Globe" whose
mechanism has been recently described.
The company may also operate. amy and
every kind and nature of amusement de-
vices and be Theatrical proprietors, music
hall proprietors, caterers of public enter
tainment and public exhibitions, and to
produce and present to the public all sorts
of shows and exhibitions and anluse-
ments.' There is a paid-up capital stock
of 5000 back of the enterprise, while the
amount of capital stock that the company
is author lied to Issue is $125,000. Wilson
p. Marchbank has contributed $500 and
Frederick w. Hoss and Joseph W. Burton
s10O each to start the business with. They
are the i-ncorporators, and give their post
Office addresses at 944 South Orange ave-
nue., this city, Mr.. Marchbank's address.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-25
PASSENGER CAR ON
CENTRAL JUMPED RAIL

Fifty passengers on board a Central
Railroad train bound for Elizabeth and
Roselle were somewhat alarmed today
when the forward trucks of the first
car. a combination baggage and smoker,
left the rails.
at 1850 and the accident occurred a few
minutes later at the East Ferry street
station.
The crew In charge of the train felt that
all was not going smoothly, and on in
v~estigation discovered the trouble and saw
the wheels bounding over the ties. He
put on the brakes and brought the train to
a stop. after the car travelled about 300
feet over the ties.
A wrecking car was sent for. and IN a
short time the car was placed on the
tracks.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-25
Dividend pEoLARATIoNs

American ~Shipbuilding Company. regu-
lar quarterly Of l per cent, and customary
annual extra Of 2 per cent. on its COM
mon stock payable September 2; books
close August H.
Caseir Company of America, regular
quarterly of ; per cent. on its preferred
stock, payable August 10; books close
July 81, reopen August 10.
Pittsburg Dry Goods Company, of S1a
per cent. on its preferred stock and one
of 6 per cent. on its common stock, pay
able August !
New York and Richmond Gas Company,
regular semi-annual of l per cent, pay
able August z to stockholders of record
August l.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-25
THE D MARKET.

NEW YORK, July 25.-Flour-Receipts
7,175 packages; sales, Zoo. Steadier on the
wheat advance.
Wheat-Receipts, rs, 400 bushels; sales,
l, 100, 900 bushels. There was an advanc
of %@2c in wheat, and an active trade,
following bullish crop news from the
Northwest and steady cables, July. 9SA
September, 80 9-16d9gM; December, 1O3 Lie
@103h.
N. Y.
corn-Receipts, 2s.O25 bushels. Nominal.
Beef-Steady.
Pork-Firm.
Lard-Firm; Western prime, 930G9.40
Sugar-Raw; firm; fair refining, 3.571a0
3. 4S19; centrifugal, 96 test. 1854; molasses
sugar. 3.12k63.1S1a; refined, steady;
crushed, $40; powdered, $40; graduated,
Petroleum-Firm; refined, all ports,
8. 40@8.45.
Enthusiastically; New orleans. 37@4s.
Butter-Easy; receipts. 1888; western imi-
tation creamery irsts, %.
Cheese-Easier feeling but unchanged
EgesNSteady, unchanged: receipts, 1890
Poultry-Allve. easy; spring chickens. 70;
fowls, IA; turkeys, II. Dressed, irregular
western chickens, 16@22; turkeys lV9l4'
fowls, Pals.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-25
rHE LONDON MARKET.

LONDON. July 25.-The Hartman is
sues were strong in the early trading,
Union Pacific advancing 2 per cent. and
Southern Pacific ! per cent. owe the New
York closing OF yesterday. The general
market was Arm with other stocks show
Ing good advances.
Later irregular proft-taking caused q
setback Of more than one point in Union
Pacific and Southern Pacific, and this ar
fected the rest of the list adversely The
buying then subsided and the market
finished dun
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-25
HELPING UNION PACIFIC.
To Get More Money by Change in Divi-
dend of Southern Pacific.

NEW YORK, July 25.-At the meet
ing of the Union Pacific board today
no action in respect to dividends will
be taken. but the executive committee
of the Southern Pacific Company will
recommend to the board Of directors
advancing the dividend from 3 per cent.
annually to ~ per cent. quarterly,
this recommendation to be acted upon
by the board Of directors of the South
ern Pacific at their August meeting.
This arrangement will give the Union
Pacific 5000. 900 additional revenue per
annum. The statements of earnings of
both corporations are such that the
proposed dividends of both are Under
STOOD to be very conservative.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-25
BANK FOR WORKERS..
National Institution, with a Branch in
Newark.

GUTHRIE, Okla, July 25.-For the
purpose of establishing in New York
a mammoth national banking institu.
tion for wage earners exclusively, Will
branches at Boston. Philadelphia. New
ark and Chicago, a charter has beer
obtained here for the Wage Earn,
ers' Capital Alliance by George II
Quackenbush. Fridolin Grimm, Jane.
w. Buck and George Downer, all o
New York city, and ]. Theodore Snitzel
md F. Barishoff, of Jersey City, N. ]
The capital stock is $780, 900. 900.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-25
RAILRoAp EARNINGs.

For third week in July.
International and Great Northern. S1e9.
600; increase. 1000 From July /. sS5s,00O;
increase. $4,000.
Toledo, st. Louis and Western. s76.l2s:
increase, $I,SG. From July J. <223. $50; de-
crease. t4sSI4.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-25
FIGHT AGAINST
DEMURRAGE
CHARGES
Shippers in Joint Meeting
Will Organize to Be Re-
lieVed Of Unjust Charges.

Efforts are to be made to organize
an association to be composed OF ship
pers and receivers Of freight through
out New Jersey to remedy existing
evils in railroad transportation and to
protect the interets of business men.
This was decided at a meeting vester-
day Afternoon in the Board of Trade
Rooms of a joint committee on rail-
road demurrage charges. representing
that board and Slate Mason Material
Dealers Association and the New Jer-
sey Lumbermen's Association.
Isaac F.. Roe, of Newark. presided
at the meeting. A subcommittee on
legislation reported that a meeting of
the New York and New Jersey Car
Service Association, held recently, 1t
was stated the bill passed by the last
session of the New Jersey Legislature
relative to railroad demurrage charges
and transportation matters. does not
affect interstate shipments, and that
the railroad companies were about to
issue an order to their freight agents
not to allow the seventy-two hours
free time for unloading cars, except on
cars shipped to and from places within
the State.
The Subcommittee also submitted a
statement with reference to car service
charges, explaining the injustice done
to the business public. In the state
ment, 1t is said:
"For the month Of May, 1907, charges
amounting to S66, 1903 were levied under car
service rules, which amount. it Is claimed,
is less than the average, and that upwards
Of 81, 900, COO is levied against the business
interests of the State annually as a tribute
in excess of an honest legitimate freight
charge.
I'm the city of Newark alone for the
month of May, 1907, charges were levied as
follows:
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-25
MISSISSIPPI SUES OIL TRUST.

TUPELo. Miss. July 25.-Suit wa,
filed In the Circuit Court today bs
District Attorney Mitchell against tht
nled in the Circuit Court yesterday by
for violating the anti-trust law OF tli:
State. Penalties in the sum of S1.4SO.
600 are asked for.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-25

To neglect advertising Is like resolving never
10 travel Ly steam OF communicate by tele-
graph. II r. to close one's eyes to the light
and peralst upon living in perpetual darkneas.-
Horace Greeley.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-25
CLOSING PRICES.

Following are the quotations of the days
closing prices, bid and asked, as furnished
by Byrne & Mcdonnell. stock brokers. SN
Broad street. Telephone SIS:
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-25
PRICES OF BONDS.
The following quotations were furnished
NEW YORK OUTSIDE MARKET

The following quotations nre furnished
by Van Schaick 4 CO.;
Closing yester- Close to-
daV day.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-25
THE CHICAGO BOARD OF TRADE
Furnished by Byrne & Mcdonnell. stock
800 Broad street. Telephone 615.
tOpenlng. Closing.
NEW YORK PRODUCE EXCHANGE.

Furnished by Byrne & Mcdonnell. stock
brokers, 500 Broad street. Telephone 615.
Opening. Closing.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-25

Denver ana Rio Grande, si54,300i IN
crease. &s.1o Forl July /, u2S2, TOO in
crease, sisz,soe
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-25

1t is understood that the directors OF
the Essex R. r. Co. will act on the divi-
dend question, about the middle of next
week, and there is excellent authority for
the statement that the regular seml-an-
nual rate Of 2 per cent. on both OF the
first and second preferred stock will be
declared. No action was taken yesterday
because the complete figures Of the opera
tons for the las. fiscal year were not on
hand. The data on hand already shows
a very comfortable margin for the COM
mon stock.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-25

At the regular monthly meeting of the
Wells Fargo Express Company held to-
day an official of the company said that
only routine business was transacted.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-25

THESE Prices VIII remain in
noon tomorrow:
Butter prices are az fnunwa.