davidaulloa/AmericanStories huggingface dataset:
The Washington times., 1907-02-10
STANDARD OIL ABLE
TO PAY DIVIDENDS
In Nine Years Il Has Paid
Over Four Times the
Capital.

NEW YORK. Feb. 9.-The directors
OF the Standard on Company will meet
this month % take acti0-, ~ the initial
dividend for the current YER. While
the earnings of the company are claimed
20 be much larger than q year ago the
opinion prevails that So share. the
same rate as in the spending quar-
ter last year VIII De agreed upon.
The Standard OH COmpauy's earnings
have increased as a result Of the higher
prices il is eNacting for by-products.
The price of common stove gas0Iene has
! been put up 20 almost the level charged
for its highest tests q few months ago
before they were withdrawn from the
market Naphtha and gas0Iene have
been raised one cent "a gallon. an ad-
vance OF about IA cents a gallon for
each product as compared with prices
year ago. The automobile craze for
example. has added many million dollars
a year 10 the earnings of the Standard
Oil
The Standard oil Company last year
paid SO iu the first quarter. s. 81: the
second quarter. S. IN the third quarter.
and $40 in the laSJ quarter. or so for the
year. Similar payments We're made IN
800 While the earnings OF the standard
OIL Company snow a large increase.
the dividend policy has been Influenced
somewhat by adverse legislation The
corporation. IL seems. does not care TO
disburse 20 stockholders dividends pro
poruOnate TO earnings until the situl-
ton is more clear
As shown by the figures. the Standard
OIL Company has dis5ursed S555. 80. ooo
To shareholders over period or nine
years. BY the close of this year dis
bUrsemeuts viii have reached nearly
Sioo.ol4o00. or four times the outstand-
ing capital stock OF the corporation
The earnings OF the Standard OIL Com
pany last year were estimated at over
$65,0ol.ool- The surplus of the company
is an unknown quantity as the corpora
ton has never made public a complete
financial statement 1t has been stated
that the surplus includes Sl09. N0o.yQ0 OF
. Government bonds.
The Washington times., 1907-02-10
ANTHRACITE SHIPMENTS
ABOVE THE AVERAGE

NEW YORK. Feb. g.-Tho month OF
January WAS i'm general n fairly pros
Porous one for the anthracite coal
roads. The total shipments. amounting
To 5.-5eo10 tons. We're 10000 tons less
than in the same month o. a year ago.
but were greater than shipments OF
either December or Novembe- last. In
October the volume of anthracite ship
mCutS was above that of January. hav-
ing beer 5.3>5 COO tons. The average
shipments for January I'm the three
years previous to this years were (. 676. 00S
tons, So that this years figures can by
no means he taken 10 represent a de-
pressed condition OF the trade.
The Washington times., 1907-02-10
BIG SHIPMENTS CAUSE
WHEAT BEARS TO RUN

CHICAGO, Ill, Feb. Slightly boat
loaos OF wheat, aggregating Gs0OO0
bushels were taken at tho seaboard and
out ports for shipment abroad. This
demand was reported late. and il caused
great stir in the ranks Of the bear
shorts, all OF whom made a rush To
get under cover. Ten boat loads were
taken for direct shipment TO St Peters
burg. Wheat closed around the best
prices reached and showed net gains of
l34Ssc for the day
Corn reacted from the bottom and
showed small advances. Oats were up
144}sc, and hog products were 25k6IOc
better Primary receipts OF wheat for
the day $4,000 bushels and for the week
$4,000 bushels compared with 52S.OOO and
661 900, respectively. n year ago
Clearances for the day 90. 900 bushels
wheat, $4,000 bushels corn. and g, 600
bushels oats.
The following prices ruled on the
Board OF Trade today:
The Washington times., 1907-02-10
CuTtails It's Name.

The National Safe Deposit. Savings
and Trust Company found that its name
was too unWieldy and secured an act OF
Congress which permitted a cUrtaiIment
OF II. Hereafter ii viii he known as the
National Savings and Trust Company.
and viii without doubt be as successful
as under its more elongated title. on
the Stock Exchange. where all Superfiu-
Gus names are dropped. il has long been
known and called National Safe" and
the change Will not create any confusion
nor make brokers any less willing 10
secure the stock when it is offered for
sale
The Washington times., 1907-02-10
AMERICANS DEPRESSED
IN LONDON MARKET

LONDON, Feb. 9-Trading on the
stock exchange was dull. the nearness
Of the settlement restricting operations,
while the setback in Wall Street and
Paris yesterday caused an easier tend
ency Senerally Americans were lie
pressed. owing to the fears Of the an
tcipation of poor bank statement.
Prices after opening at about parity.
dropped on lack Of support and closed
dull Copper shares were easy, except
Rio Tinto was strongly supported by
Hartman. Money was in short sup
ply. rates were high Discounts were
firm
The Washington times., 1907-02-10
NEW RAILWAY LINE
IS INCORPORATED
viii Furnish Outlet for Nor
folk and Western at Mt.
Tory, Va.

The Lyndhdrst and Sherando Railroad
Company has been Incorporated in this
State of Virginia for the purpose OF fur
nishing an outlet 10 the Norfolk and
Western railroad OF the valuable man
ganese mines located at Mt Tory, at
the southern end OF Augusta county,
Va. Very large deposits Of manganese
have been discovered upon this ground
and geological estimates Indicate that
they amount to several million tons IN
extent. There Is also p large amount OF
manganiferous iron upon the same prop
erty.
The incorpOratOrs. who are all we'll
known Washingtonians, are Jackson II
Ralston, John b. SlemGn. jr.. Frederick
l.. Siddons, Harvey T. Winfield. Harry
Stamford, James Sharp, and c. c. Cal
houn, with G. c. Carlin, OF Alexandria.
Va.
The Washington times., 1907-02-10
NOT THE CASE WITH
WASHINGTON BANKERS

Reporters are often snubbed There
is a stupid type of man that likes to
snub them Such a man, a bank presi-
dent. once tried TO saub my reportorial
friend Jimmy Patterson.
The bank had gone up through de-
falcation. and Jimmy went TO interview
its head But its head was crusty. lie
refused 20 be interviewed. He took
Jimmy by the arm and led him toward
the door.
Young man." he said. 4 always
make 1t a rule to mind my own bust
ness.
Were YOU doing that said Jimmy.
when the cashier made his haul?''-
Richard Harding Davis.
The Washington times., 1907-02-10
BANK STATEMENT
UNDENIABLY BAD
Over 100000 Loss in
Cash Reduced Surplus
100000.

NEW YORK. Feb. 9-The stock mar
ket today was heavy from the start
and during the last hour developed con-
siderable weakness. That an unfavor-
able return would be made was a fore
gone conclusion, in view of the re-
ported bank currency movements for
the week published yesterday. which
showed loss in cash of about $1,000. 900.
Wall Street, however, was not pre-
pared for such a poor bank statement
as was actually shown. The loss In cash
aggregated 1000. 0OO and though the
loans expanded only slightly over $780,
GOO, the surplus was reduced to the ex-
tent Of S9.2SS. 225- Such a condition was
somewhat mystifyinE, but was attriD-
uted to various corporate transactions
which have been carried on during the
week, involving large sums OF money.
The market did not take kindly at all
to this exhibit. and prices sold of quite
sharply, the losses ranging from ! TO 2
per cent in the more important issue
Northern Pacific was exceptionally
weak. falling nearly . points, while
Atchison, New York Central. St Paul,
and Louisville and Nashville lost about
n point Reading reccjed per cent.
The declines were less pronounced in the
Industrial quarter. though Amalgamated
Copper lost = and Steel common =.
American Sugar refining proved an cX-
Ception to the general trend and scored
an advance which was at one time ex-
tended TO , per cent. the greater part
of which was retained. National was
comparatively firm, as was also Amcri-
can Smelling and Refining.
Towards the end of the session the
market became more active at the lower
levels. and closed weak at about the
lowest. Government. bonds were un-
changed. Railroad and other bonds
were steady.
The Washington times., 1907-02-10
BANK STATEMENT.
PROFESSIONALS GOVERN
THE COTTON MARKET

NEW YORK, Feb 9-The market was
very quiet today, but maintained firm
updertoEe, despite Liverpoors failure to
respond to our advance of yesterday
There was q slump OF about points on
the general list at the opening, and this
was later carried down to about 10
points on scattered reselling, local trad
ers, and commission houses, but Liver
pool and Wall Street interests turned UP
GOOD buyers f. the last half hour. and
the market ended firm at a net decline
OF but To points from last night :
closing The market was narrow
throughout the session and largely pro-
fessional.
The days prices were as follows.
March. 9.46d947; May. 9.52d9.53; July,
9.72d9.72: August. 9.7Odan: October.
9.S609.S7. The market closed steady.
The following were the quotations for
the day on the New York cotton ex-
change.
The Washington times., 1907-02-10
CHARLES v. MORSE BUYS
WARD LINE STEAMSHIPS

BOSTON. Feb. 9.-It IS understood
that Charles ". Morse has purchased
the Ward line Of steamships at a price
said to be between Sl5.cG0.OC0 and 500 =
600. 600.
The Ward line feet consists of eight
cen cleaners with an aggregate tom
mage OF $1,000. including two 1900 ton
boats The company operates four diff
ferent routes. New York TO Tampico.
Mexico: y NV York TO Nassau and San
uago, New York To Havana. and New
York to Havana and Mexico.
The Ward line IS incorporated as the
New York and Cuba Mail Steamship
Company. with $2,5OO.0O0 stock and no
bonded debt
The Washington times., 1907-02-10
CLYDE SHIPBUILDING
INDUSTRY DECLINING

Clyde shipbuilders constructed during
last year 800 vessels with a tonnage Of
nearly 100000 tons. The Clyde shipbuild-
ing industry is not in as prosperous a
condition as in former years, but the
decreased demand FOR ships is due TO the
facts that the tonnage rates have been
advanced % per cent, and the freight
offerings have not kept pace with this
rise; and Furthermore the increase in the
loadline Of the existing vessels has aug
mented the available cargo space by
100000 tons.
The Washington times., 1907-02-10
Prosperous NeighboIs.

The last report of the Montgomery
County National Bank. located at Rock
vile. Nd, shows that on a capital OF
100000 it had an accumulated surplus
Of $1l3,11s. The dividends paid last wear
were 10 per cent. and the approximate
selling price per share was placed at
$500. on which it returned an investment
OF $.33 per cent to the purchaser. The
prosperity of this institution has long
been the pride OF the town of Rockville
The Washington times., 1907-02-10
A DIFFERENCE.

What do you call the driver OF an
electric carriage?"
THAT depends. If il is an exclusive
one, you call him a chauffeur Il it
is one anybody can ride in, you call
him motorman. NEUTRALITY-SUSPICIOUS.
The Washington times., 1907-02-10
PRICE CHANGES OF WEEK.

The following table, furnished by
Griffin, Halstead & Co, brokers, 1874 F
street members Of Washington Stock
Exchange, shows the opening, highest,
lowest, and last sales on the Exchange
last week. Prices are for quotation lots
only:
Bonus. open. High Low. Last
Washington Ry. IS. s5lk S5Is s. ST.
Washington Gas As. 1914 IO27s 1917 IOg-s
Washington Gas Cts .112at 1924 1I2es II2ss
I. * 7. Tel. J's....... 104l1 10J 1919 los
Stocks.
capital Traction. .142lS I43 I4ZIs I43
Washington Ry- pfd S5I[ Sos S5is So.
washington Cas-. 57SG 572. 56@4 55al
Mergenthaler -200l4 20l1s 20OI. 2OI7,
Greene ........... 2n7s 20IL 2O7- qo-c
MItcheH .-...-...-.-.... ga 57s "a %.
Nat Safe Deposit. 1902 1903. 1908 1903
Amer. Sat Bank...16S les 16TlE IGzfc
The Washington times., 1907-02-10
NEW YORK'S CURB

Quotations furnished by Charles c. Gates
& Co. Munsey Building: Members New York
Stock Exchanged
The Washington times., 1907-02-10
ONLY HUMAN.

Are YOU aware. sir. that your dog
has bitten this child?" Well, the boys
been Sggravating him; and, after all.
the dogs only humanr'-Punch.
The Washington times., 1907-02-10
EWS OF THE STOCK, BOND, AND MONEY MARKETS
NEW YORK STOCKS

Quotations furnished by Charles C. Gates
< Co.. Munsey Building: Members New York
Stock Exchange
The Washington times., 1907-02-10
WASHINGTON PRICES
saturday. Fehrunrv ..

Saturday, February Q:
Sales Of the board, including the after
call, amounted TO 81 shares OF stock and
81, 600 IN bonds.
Following are the sales and quotations
OF today's market:
Washington Railway and Electric As.
81, OOO@S5is
Capital Traction, 20a143, 108143-
Washington Gas, I45T.
Washington Loan and Trust. 2Q215.
Realty Appraisal Agency. 4Sa2l1s.
After call-American National Bank.
1OTI671H
The Washington times., 1907-02-10

subscriptions TO the preferred stock on
a basis of 102 by the employees OF the
United States Steel Corporation under
the profit-sharing plan. are coming in
rapidly.
Previous to the last offer TO employees
at I02, about 123.500 shares OF the mar.
value OF S12.3f6 400 were sold under the
profit-sharing plan. The cost to en-
ployes averages about SIS a share. in
Guiding the last offer, or about twenty
two points below the present market
price of the preferred.
The Washington times., 1907-02-10

Taking the gross earnings Of all the
Vanderbilt lines for January together
they show i gain OF 1853 0Ge as compared
with such Increases as SJS3.O0O in Deem
her, $500, O0c IN November and 81, 299 900 in
October. II is the smallest gain the
lines have shown in any month Of the
past six.
The Washington times., 1907-02-10

The production OF copper in the United
States has increased from 1900 long
tons IN 1856 to $4,000 IN 1901; and the
United States now furnishes over 81 per
cent Of the worlds supply
The Washington times., 1907-02-10

The question OF listing the stocks OF
frst-class mining companies on the New
York Stock Exchange at their parity, is
stiH being considered by the various
committees. The question may so be
fore the governors of the Stock Elk
change at their next meeting. although
this Is not certain.
The Washington times., 1907-02-10

can mines during 1906. according to an
estimate quoted by the Mexican Invest
or. This money was for the purchase
price OF the mines themselves. and does
not include expenditures for machinery,
labor, and operating expenses.
The Washington times., 1907-02-10
FINANCIAL GOSSIP .

The New York Coffee Exchange will
be closed on Monday and Tuesday, Feb
ruary IL and u. The extra holiday for
Monday was voted by the members.
The Washington times., 1907-02-10

It takes a bold man to sell Great
Northern preferred, and yet some man
does IL every now and then. While the
traders who take the stock do not know
where il comes from, they always are
glad 70 get Il. Investors also watch for
every chance to pick It up.
The Washington times., 1907-02-10

There is a good deal OF accumulation
in United States steel, although it is
agreed that n good deal Of the buying
OF late has been short covering. II is
believed that the promise Tor an in
crease IN the dividend rate on the com
mon BY the directors at their Aoril
meeting is bright.
The Washington times., 1907-02-10

Total stocks last week, 7.C17 shares.
Total bonds last week. so. 600
The Washington times., 1907-02-10

The deposits Of the people of Canada
in chartered banks in savings instItu-
lions, trust companies and government
pOstoffice banks amount TO S579, 10000 or
we'll over SEQ a head for every man,
woman and child in the country.
The Washington times., 1907-02-10

Directors Of the London and South
western railway have reduced the divi-
dcnd by Z per cent, rs the result of tn,
railway disaster at Salisbury last July
The managers have set aside So. 900 "a
meet claims resulting from the acct
dent. Five fatal cases have already
been settled for $4,000, and twelve In
Jury cases for 81, S35, and there are still
eighteen claims outstanding.
The Southern farm gazette. (Starkville, Miss.) 1895-1909, 1907-09-01

the weather clears after some
rain. Growing a crop OF peas
or beans Just before sowing oats
n the tall is gainful, while the
nitrate OF soda can be bought
any spring. 100 to $50 pounds
OF acid phosphate per acre
should DC applied at the time Of
planting on all but the black
prairie type OF soil. The oat
raiser should test nitrate OF
soda even on the prairie type.
but ought not spend much in
such a test till instructed by
favorable results.
The Southern farm gazette. (Starkville, Miss.) 1895-1909, 1907-09-01
Dam for Power
EDITOR GAZETTE:

EDITOR GAZETTE:
Please give me instructions
for building a mllldam for run.
ming 4 gin and grist. Can one
be bull, so it will stand big
trcshets and furnish power for a
gin Does i: require a very big
stream to run gin?
a. 5. JOHNSON, Amory, Miss.
Answer by editor; The re.
ply TO this question will depend
on the fall that can be got for
water. the amount OF water 10 be
had, etc. TO az extent that makes
i, N possible TO give reliable d..
recsions. The greater the fall
OF water. the greater will be the
power from given amount;
and the more water there is. the
less fall will be required to fur
nish given power. Freshe,s
can be w,thstood BY a dam.
If there is a spillway to let the
water escape At times of frcshcss
care being taken 10 see that the
aood does no, wash the dam
harmirliy above or undermine
the foundation down stream
from the dam. Rock or wood
work will have 10 be used TO pre-
vent washing. Any freshet can
be gone through safely by a dam
provided strength enough is put
into the structure aud its foun-
dation is protected.
One who is not familiar with
dam building had better employ
someone who is or visit a dam
situated similarly 10 the one he
has in contc mpla,ton. The
siG: OF the gin and the gristmill
should be noted when this visit is
made, a. the power required will
depend on the si=. OF them. The
dam should be bull. during low
water, and this may suggest ear
" action. When the water is
the work can be done much
more satisfactorily and more
The Southern farm gazette. (Starkville, Miss.) 1895-1909, 1907-09-01
Dollar Farming

"AAa1&1S
will appear in early issues
The average Gulf Coast state
farmer can expect about eleven
more bushels per acre Of oats
from October sowing than from
February sowing. From the
1874 OF coo pounds Of nitrate Of
soda in March on this October
sown crop, il not on rich soil, he
can expect an increase OF some
thing like - bushels OF cats.
He simply oauno. afford either
to delay planting till spring or
under the conditions ma med not
to use nitrate of soda or sub
s,i,ute therefor. The foregoing
figures arc based on tests made
at the Alabama station.
1t will be said by some that
fall planted oats will winter kill.
With ordinary planting tina,
happens less often than is usual.
ly supposed. Furthermore,
large percentage would have to
be killed before the yield from
fall sowing would be As small a.
that from spring sowing. Ordi-
nary seasons winter killing can
be all but prevented by the use
O, d or more OF tho following
measures.
u First, sowing 10 deep
drills. This will require well
drained soil. Deep burrows Is
to - inches apart 10 the bottom
OF which the seed are drilled and
barely covered are the nos, cf-
iective means OF avoiding winter
killing. The scheme is to place
the plants where alternate sreez-
e. and thaws will not hcayc
them. |, is best TO have the fur
rows run across the direction
Of the coolest winds. None
should fear that the yield will be
less than If broadcast sowing
were done. II will be slightly
more.
IL II the land il poorly drain
ed or too stiff, like prairie soil,
then i, will be preferable to SOW
with 4 grain 6vill that will leave
only small burrows. The small
burrows and the plants being
close together afford oats some
protection against winter kill
ing.
- \ third precaution agains.
winter killing - rolling the crop
after the plants have been heav.
ed and the white roots are ex-
posed By alternate freezes and
The Southern farm gazette. (Starkville, Miss.) 1895-1909, 1907-09-01

!" NaS AoAldsC duO
crown or by heaving. The roll
err somewhat counteracts the
latter by pressing the exposed
crowns into contact with soil, SO
tavoring the development of new
roots.
a. a fourth aid against win.
ter killing is sowing in October,
SO the plants have time to form a
strong root system before Sc
we're freezes.
(5) a fifth precausion against
winter killing is the sowing OF
Turf oats where success cannot
be had with Red oats. There
may be sections in territory
with similar conditions to those
found IN northern Mississippi
and northern Alabama where
Red Rust Proof oats will no, be
success; but If the foregoing
precautions are taken. such ca
ses will be far more rare than
most farmers imagine.
When buying seed i. may DC
we'll to remember that A.pplcr
and Culbertson are varieties or
strains closely related TO Red
Ru~s Proof, the last being known
also a. Texas Rust Proof. Tex.
as Red, add sin ply as Red oats.
Red Risi Proof or a kindred va
riety should be used for fall
sowing. and are good for spring
sowing also, making \ much bet.
ter yield than dissimilar varie-
ties, except where unable 10
withstand the winter.
Oats respond very we'll 10 fer
;slizing. but nitrogen is the
main tertilizing e!cnen, rcquir-
ed. Two tons OF horse manure
per acre Increased the yield OF
oats @ bushels per acre ia Ala
oa ma tests on rather thin soil.
Manure from cattle fed cct,on
sced meal applied At the rate of
1870 pound. per acre Increased
the yield SIS bushels the hrst
year and - the second. or 4 total
O! SIS bushels ia the two years.
Any fertilizer supplying ri,ro-
gen j. good for oats. Cotton
seed meal is superior TO the cot
ton seed that would supply an
equal amount OF nitrogen.
Among Commercial fertilizers
nitrate OF soda is the best TO use.
II will cost something like 500
per ton and should be used al
the rate OF % TO 100 pounds per
acre according TO what the lar
The Southern farm gazette. (Starkville, Miss.) 1895-1909, 1907-09-01

Thoroughbred Duroc Jersey pigs
eligible 10 Repatriation. extra nnc
quality. Ralph Bisiand. cannons.
bury. Miss.
The Southern farm gazette. (Starkville, Miss.) 1895-1909, 1907-09-01

SeadS The season is now open
oS for planting vegetable
seeds, etc. CataIog free.
STECkLER SEEDCO Ltd,
New ORLEANS, LA.
The Southern farm gazette. (Starkville, Miss.) 1895-1909, 1907-09-01

Agents wanted in every town and
county 10 cell our fine line Of stcreo.
scopic views and new aluminium Aterc-
oacopc. Viii pay i liberal commits
sion or a salary to right person. Ad-
drcss. Esheiman. Waxahachie. Tex
AS.
The Southern farm gazette. (Starkville, Miss.) 1895-1909, 1907-09-01

| like the good old Gazette.
don't see how | could do without
i, as | get so much help from
il.
Il. a. CONVICTION,
0ultman, Miss.
The Southern farm gazette. (Starkville, Miss.) 1895-1909, 1907-09-01

Pointer pups, natural r~ctricvers,
males SIS. females SO. r. e. Ford,
Acadvtllc. Miss.
The Southern farm gazette. (Starkville, Miss.) 1895-1909, 1907-09-01

Barred Plymouth Rocks, Z. b.
Thotnpson's tamou Ringlets. Is
eggs for 81. Young stock Soc TO 81.
Mrs. Matte Gilbert. Gilbert. Misa.
The Southern farm gazette. (Starkville, Miss.) 1895-1909, 1907-09-01

Choice X, /. Rcd cockcrcia 81 each.
Mira Mary E.ads. Sessurns. Miss.
La democracia. (Ponce, P.R.) 1890-1948, 1907-04-20
UN AEREOGRAMA

Las "a horas que pasamos en-
vuestra isla nos ha proporcisnado
impresiones de Puerto Rico, que
nos inducen a declarar sque no So
nos habia contado nj la smitad.'
En- grupos hemos visto vuss'
tras ciudades y puertos. Hemos
recorrido carreteras que sirven de
lecciones objetivas para todo nues'
tro pals. Hemos admirado vuestro
sistema de escuelas y vuestra en-
ciente policia insular. Hemos ms
peccionado vuestras pr6speras in.
dustrias. Vuestras costas Sc pierden
de vista mientras les comunicamos
por areograma que estamos orgu-
llosos de que Puerto Rico forme
parte de los Estados Unidos. -Ro-
bert Batcheiler, Benjamin Carpen-
ter, Harry L. Laws. Hanford
Crauford, Comite conjunto de los
clubs comerciales.S