davidaulloa/AmericanStories huggingface dataset:
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-03-24
Invention Permits Shells to
Penetrate and Explode Be-
hind the Heaviest Hardened
Amor Plate,
SUCCESSFULLY TRIED
ON GOVERNMENT RANGES
Marks Final Victory of Gun
Over DefenSeS = SmokeIeSs
Powder Experiments Promise
10 Reduce Cost of War,

EBy Morning journal Special Leased Wire
Na. v,rk 7ta,ob 90 rt.o NJ
- Wa
IN inventor OF hl8h explosives, made
the dinner rendered Sir Percy Sander
son. retiring Rritfsb consul hz. tho
C~onadfaa ~ 49, 49,
|"u'uidh clupt idSt WBIl, the eeea-
sion of the first announcement CON
corning a new safety decorating fuse
which he has invented after ron yaars
of evn]ertn1entino ana which no DO
ciares had hea,, tbe oi,a Of in,.a,t 80 arg
FOR yoars ~. - 10 sot1 - = LSlltbia
Ia eand a. sr,, ct.ni arcin ~.
tbrongh !, ,n,a, ard - ~, - - = -
al ev3ctl,tt Ne Az 40" habfe5 49,
mo- daefrai - - - In
NOT noattaY' ~. - - - VIZ
tnnb a. 49, 81 ~ - i.
tbo inv, ~ ''ei'es !" 'utoN"0'9'
~ 49, ~ -. a..
oars %I@N,I" - ~ Gtna1'.
49, - 49, ~ q ! O%Ii'uian 50
1elS p.hi'et tue HeiiIGie 70 carry 70
e Nl'ti' 'iV ue"9 y us iIN'l'luh
=, ~ Ht5H eAPlo9iNe nov KNOWN ~
n'AatI = nIt'uncelnoli
~ aaiu3 Ntu dH'lueI SteP
u tIe ar . war ~ilecLdHIe5 anu
lteant = tillol Nicl9iy over dttiof' ds
~ Pie97ii1 ldiutHeu' ny alhloi -pieFt-
ins shelis' htsioeS the ne" uet9ldt-
lis lust, ne sdnu' ne Goulu Ten me
timers aoout a new powder
sldoIIIte' Whlch ne had Just pesuii TO
HlahuIaelure' put Whleh Is sun IN the
pIogess 81 experimentation.
ms new weapon OF lnooefn war
laIe' Mf, MAXIM declared would Wlpe
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-03-24

When a man has trouble with his
stomach you may know that he is eat
ing more than he should or o. some
article OF food or drink not suited Ia
his age or occupation. or that his
bowels are habituaily c~Oustlpatcd
Take Chambtrlain's Stomach and
Liver Tablets to regulate the bowels
and improve the digestion and SEE If
the trouble does not disappear. ASK
for a free sample. Sold by all drug
gists.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-03-24
STACY DID 1T

When with business You're disguised,
And Won fear IL win soon be busted,
And You don't know where you're at
or what to do.
just become more entefDriSing II
begin by advertising.
STACY DID IT, and hen do the same
for you.
IL YOU WOULD BECOME \
BOOSTER.
You must crow lust like II rooster.
Send for Stacy; let him paint your
name around.
It's u fact, he's never hid it.
People know thai STACY DID IT.
Hes the painting man, the only one
in town.
STACY DID TT, STACY DID TT
"If It's best'-ue must admit II.
And for wears 10 come he's here to
do the work.
People know the reputation,
Have the highest estimation,
OF the Daintiug man who painted
Albuquerque.
If YOU love YOU wife you'll take her
Down to sec our stock of paper.
We hayc fifteen thousand patterns,
and no two of them alike.
StacN's men nrc no. 'Slnm-bangcfS,"
But Gre ert-paperhnngcrs;
For when Stacy does il,
STACY DOES IT-right. If
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-03-24
Rheumatlsm Parns RelIeycd.

TT~
OF age and for twenty years Justice
OF The Peace at N~artinsDUfg' 16Wd-
says: Il am te IDLY afflicted with
sciatic rheumatism Ia ny le<s arm AND
right hip. I have $50 -hrec bottles
nf Chsmberlsin's Pa z. p ana ~ did
me lots Of good IN sale hv all
lrugEiSrs-
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-03-24

The services of Il Catholic lady or
gentleman who can read and write
the English language. Address y. care
journal in&O
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-03-24

C----ua C,...h
D,nri,' 80 AZ ? Mon mass q 40
avanfnG sot,.iec 73q0
q . a
uiohInud n "a Church south.
T2f8 So,Ifh Arno street.
H6fttdav pastor.
preacbinp a. II a. m.an s u. m.
EIu,artb taoo11o Of = "a ma
-, 49, 49, a%dGram M.
5,ih W. ! t,Cbrietian Heroisp, TTt1s-
t,.atad ht Mtssionarv RiopranhV Is
lido, q n 4 Program.
Gonq
eo 80 - ,eadirg
Nddress Rer owens
So urs "a r. war1ick
MrKtn1ie Mis- Dieterson
. Wo,tYn MI Naeb
80 = p ahort Hnuidav
Address Rov a u Robertson
Benedicfion.
a
tIrsi b"ptist 1ililrGit'
lCorIef l-eaq ana btoadWa
fteaGnin6 az - a. m anu ~ p
m, ny KEY. D. GAVIN StoWelL OF Bui-
faio' n. r. sunday schooi at ~ a.
m .. L = az bt4b r. IN. 9tiahG-
ers cordially invited to al services
2 =
Christian Church.
Corner Gold avenue and Broadway
Ernest e. Crawford, Minister.
SUNDAY school at 10 a.. m. Morning
worship II o'clock. sermon, Prayer
and Natural Law" Intermediate En-
doavor at I u m. No evening ser
vice.
a
ST. Johns Episcopal Church.
(Silver avenue ana Fourth street)
SUNDAY school at 10 a. m Morning
service a. II vrnin service m
"a Evenfnp sar,,ice ever, Friday
dnring Tent a 7.go o'olook
a a a
Christian Science.
Garyirpe sunday at a m at room
o- Eran+ h,,iIding nar,ar ~ p.pr,,d
80 tidIlt Nuil'ln6' o"tiINl VI iN"Iii''N
tpaaitt, !" nda scho,,l AZ IN IN
w-eJnoedav evenin@ mnetirp ~ &
atamL ,1n.- - an,
iIo"' 2 ~ p"'
Mrs, Tniscor.I Ch,,rcb
o. = - DailtnI np p"stnr
Tt,a sud- - -. ~
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-03-24

Money savings thai Interest every
lfoueckeeper. Large Rug~ - factory
prices. arr nus, uu ~th. at NilFrrt Ia
hgr--.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-03-24

Our line of canned goods j. the best
on thc market and put ny entirely
under sure ft-zi laws 4 g Pratt &
Co. t.uaccf~.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-03-24
Tor prompt and courteous treatment

will make no mistake by calling on
TNffI kIEINWOHE1, 112 North street
or telephoninG your order i'm.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1907-03-24

I viii have = car OF fine maple and
elm trees in n few days; viii have a
few extra for sale. vi. y. Stamm. If
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-01-04
MISCELLANEOUS PRODUCE.

New York. Jan. 3.-SUGAR-London sugar beets
were quiet but steady. at S. 9td for January. and
IS l0lSd for February. Worlds visible supply Of
sugar is $4,000 tons, against $4,000 last year.
The local sugar market quiet and rather nomi-
nal with refners holding of. and sales Of Santo
Domingo sugar have been made to the United King
dom at prices made over the New York parity.
Duty-paid prices were as follows: Centrifugal e6-
test, sl6; muscovadO safest. HIS and molssses
sugar. S9test 1916. Refined quiet, but steady
and unchanged.
BUTTER-Receipts. 758 packages A firm. but
unchanged. market was again noted for butter, with
extra creamery quoted ut g.
EGGS-Receipts. e.0s5 cases The market ruled
steady the basis Of 9az1 fer Western firsts.
NAVAL STORES-Stock: Resin. 5l0i barrels;
spirits turpentine l32 barrels tar 26I barrels The
changed, with spirits quoted at 70ia for machine
mnde barrels and rosin at 400a45 for common 10
good strained on barrels of tar namcd at 600
MILL FEED-Trsde quiet. Spring bran. in 100
pound sacks. 2 % mddlinss, A5o; city bran z-oo;
Western red dog. 24-50.
FLoUR-Moderate trade Spring patents. 4lOa
$50; spring clears 35Ga375; winter strlights $40;
winter clears. S20a3 q: Kansas, in sacSs patents
S.75aLo9; straights, 350a3.6o; clear. 29Oa325.
RYE FLoUR-steady; business moderate; 365
ain.
CORN MEAL-NIarket quiet. Kin-dried for e1-
port. 265a27o: coarse msal. in bags l05alS
BUCKwHEAT FLOUR-Light demand at 2l5a
rs
HAY-steady: demand fair. Receipts. 14so tons
Prime. LIS; No. !. Ll0 No. 3 LOOalO5 No. J.
90ag5
sTRAw-strOnger: fair inquiry. Long rye, s5a7o
BEEF-Strong; moderate trade. Family I4o0a
$500. packet. 1075a1l60
PORk-Steady trade quiet Mess I75Oals 50 ;
family. IS59a190l
TALLOw-Trado duh. City quoted at Ga. in
hoSsheads
LARD-Unchanged. Prime Western eS5: city
925; refined continent 1000; South American I050:
refined Brazilian, kegs. u.50; city stearine I05z
0lsostearme quiet; city, y; Chicago. liz
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-01-04
LOCAL PRODUCE MARKET.



BUTTER-3Iarket strong and unchanged. Cream
cry, fancy. g to $50 per pound: Western frsts, :
70 81 seconds. p 70 e. process, fancy z 20 z
dairy choice. p to 2; store packed firm. Il 70 B
CHEEsE-8Iarket steady. New ycrk State. fac
tory. large, I3h TO IA: d. small li1z TO Is; sum
asr. large. z to l2ls; Western factory new. choice
IL do, fair to good 10 70 H. Virginia, 9 to 10.
EGGS-Receipss plentiful and market quiet. Near
by fresh Virginia . 26 West Virginia and South
west Virginia, 25; Tennessee, q; North Carolina,
3 To q; storage. q to 2.
LIVE P0ULTRY-Arrivals light and market firm
Chickens. large, per pound. IS: do. medium
Is 20 IS do. small Is: hens. y; ROSTERS ducks
large - to a; small II 70 Il; geese 10 20 r. t'IT-
keys toms IS, hens choice. L; keats. 10 70 T.
DRESSED POULTRY-Receipts moderate and
market strong. TURKEYS. undraEn. average. 10 tC
II; choice hens. IS; DO. thin 70; old toms. l6
chickens. spring. large. IS 20 le do. medium, /.
70 IS do small. l6 to II: hens. choice. Is TO Il
ROSTERS 3; gcase. 10 TO u; ducks Is tc Is; capons
large. IS to 70; small, Is to l6
DRESSED MEATs-Calves fun dressed. G. 90 tC
1000; heads on 80 to lOo0: hozdres5ed calves 800
hams, country. sugar cured. ~ 10 "a hogs small
and neat per cwt. eco; do, medium. 80; do,
heavy go to 100.
GAME-Receipts large and prices lover Rabbits
per dozen. 100 to 80: kits per dozen, IS 70 90
quail per dozen. zoo to 80: squirrels each, 70
oposssms. each. . 10 20.
VEGETABLES-Irish potatoes, market weak.
Vans and sweets dull Potatoes home grovn 81
per bbl potatoes per bushel 20 20 %: Virginia and
Maryland per Dbl. 10 10 LIS; sWee. potatoes, per
bbl, go TO . o; do, yams 80 10 liz; celery New
York, per bunch, 80 10 30: onions Ohio per bbl
LIS TO zoo; Maryland and Virginia. L75 10 zoo
Spanish. per crate L25 70 80; cabbage nearby
Maryland, 100 70 soc per 100; cucumbers. Florida
Der basket go 70 go
FRUITS-Applcs market easy. York ImPerials
ue- bbl go 70 30; Ben Davis per bill LIS tC
Is: Winesap per Dbl. go 10 275; fancy tabi,
fruit per bb 800 10 375; SPY. Per Dbl. 80 70 800
Grecning Per bbi go 10 go; loose packed pr Dbl
LOO 10 L50 Grape fruit, 30 to 100 pr box; ia
maica 40 per Dbl Florida oranges. 800 to $50 box
California navel, 35 10 375. CranberTies 30 q
800 box. Grapes, per basket. 2 TO IS Bananas. =
70 Is bunch Malaga grapes, $50 % $50 keg
Lemons. . 20 375.
HAY AND STRAW-Tfmothy, choice. new. l55
to 300; No l. new. lE-G1; No. 2. new 100: mlIer
hay. 1900 20 800; clover 300 to $50; straw. nc
bundle, no 20 ZOO; re, machine thrash. 40 Il
600; wheat 70.
GRAMMAR. choice. Is; fair 10 good, Sc &c z
ordinary. 80 % 81; rye 80 20 81; corn sheIled new
white 81 % s. yellow. 81 70 S. ear. I'D TO 800
Oats. Western white No 2 g 70 g. mixed. g to 81
WOOL AND HIDES-Wool washed, free Of burs
per 70. s. % s. Wool. unWashed free Of buTs pc
ID. 2 TO q; Wool, bury. per ID. Is TO Is hides
green, per ID. p; dr.. per h. Is 70 Il; sheeI
skins. green. each. % 10 LOO sheep SKINS dry, each
2 TO 20 calf skins. green. each, Leo to -,
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-01-04
NEW YORK MONEY.

New York. Jan. 3.-1Ioney on call at the stock
exchange to-day opened ar Il per cent highest "A
lowest, 2; cosing 3 Most Of the loans were a.
per cent.
Time money was offered with moderate freedom.
bu. borrowers were somewhat inclined to postpone
making contracts. hoping for lower nteS. Rates.
Per cent for thirty TO sixty days; 6lz 10 Ter cent
fer ninety days, 9 70 pe- cent for four months,
and % Ga per cent fo- five and six months.
Mercantile paper Continued rather duh. Rates
given are representative rather Of asking rates thar
Of actual sales and pSpcr sold at less than 6z Per
cent was tEa exception. Rates. 10 e. IEr cent
for sixty TO ninety days ud0rscd bills receivable
to 6lz pr cent for four and six months. chcicc
single names; e rer cent and above fer others
Sterling was unsettled to-day. demand rates fall
ing = cent early. to ASK. rallyius IS cent to
sSit then selling OF 4. The loss for the day was
s Ter cent. Rates for actual business closed fol
lows: Sixty days 47g75a4 1880 demand 3si25al $50
cables s525as s525
Commercial bills were 479al7sz. The supply c,
C5tt0n bills was good
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-01-04
COTTON MARKET.

Quotations furnished by Dick Brothers Co. 1872
Il Street Telephone main 6ii06ifl
New NCrk Jan. 3-The cotton market showed
further stCadiness on increased spot demand at
Liverpool. where sales were i,G9 bales. C0rsid
eriog the rau0wncss q the market the realizing
sales were heavy. Prices held vcry wcl however.
and the undertSue was good. Receipts we're heavier
but the urgency # tie demand caused the large
figures 90 be d.Srvgardei. Tie South appears o. be
offering nothing but low grade and advances are
asked Cn these the usual spot markets are
quiet IN the South after che Isl 0f January, but
tins year proves an exception Il begins % lock
a. # more cotton has bcCn sold than could BE-
delivered Liverpool BlOIe Is said TO require two
million bales mere before the end q the season,
to say nothing Of the Continent and Japan. Cen
SIS report u.xt Wedresiay IS expected . show
about u,51o 90 bales Port receipts are estimated
at 500 hsies. against 1850 last year Southern
spot, = higher
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-01-04
WASHINGTON STOCK MARKET
sales Regular cal. p O'Clock noon.

Sales-Rcgular cal. y O'Clock noon.
L. :. c1uron s. $3.50 az 1854
CHESAPEAKE and Potomac Eel IS. Sl0o) az l0s%
Capital Traction al 1885. 70 az 1855 % az
1877 y az li37s . at 1874 Q at 1855 . at 1852
p az 1881.
Washington Railway and Electric common. % a.
s9s. 50 az 07s - AZ =. - az iiis.
Washington Gas. q a. SOS. l3 a. So, . az 49,
Nugcnth1ler 10 az 1894 ! at 20
Greene Copper. Is al 2. rs a. 52s. 100 az SOS.
Mtchfu Mining i0G AZ 81, ZOE az 81. 100 a. 81.
100 a. 81 100 at 81. 100 az 5ls. 100 az So
Central National Bank, 10 az so. 70 az $50. q.
10
After call-Chesspeake and Potomac Telephone IS.
s. COO az l0i $500 al 1854.
United states coupon s.. 500 at 1921.
TIC following are the closing quotations On yes
flrlaE,s Incal Nxchang,.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-01-04
rom The American Lawye1

From the American Lawyer.
In the two villages of Luceran and Ian
coque, in the Alpes-M aritimes. France,
June 10 was kept as 4 public holiday to
celebrate the end OF great lawsuit which
had kept the two villages divided since
November Il, 14sc. The question in dis
pute was the possession Of a piece of land
at Iowa. which each village claimed. A
few days ago the court at Nice definitely
settled the matter by dividing the land
equally between the villages. The total
cost of this lawsuit during the IA years
amounts TO 10000, while the value of the
land in dispute was about e4C0. The law
papers which had accumulated were dock
eted in 1.S5G parcels, which weighed six
teen tons, and were stored in a large, dis
used church
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-01-04
New Orleans.
Spot Markets.
LIVE STOCK MARKETS.


New York Jan. s-CATTLE Receipts. 20
Sominsily firm on expected light receipts to-mor-
ro=. Dressed beef IN fair demand 90 sza9. extra
prime sides selling no 10 si4asi4.
CALVES Receipts o. Ncais vrry firm and &c
higher Medium g. prime veals S1a9 =; tops 1000
Dressed calTe, str0ag. City dressed veais. sul4
fancy csrcas-es 49,: country dressed. -alZi3
SHEEP AND LANiBS-RecsiUts $50 Market
stcrdy Sheep. 3.5oa550i lambs. 7-s7'zas3-ls no
Canada lambs
HoGS-Recsiuts. $3.50 Market strong en- Buffalo
adviess- Good light PENNSYLVANIA hogs. 65l
Chicago. Jan. 3.-CATTLE-Reccipts $500, esti-
mated for tomorrow, 3.o0o. Market. best strong
others steady TTiua bceves 6I1a7.20: poor 20 me
dunn. 6.l5a6sl stoCkers and feeders 2sla460 COWS
and hefers 270aI93. Gamers. Ly1a265. Westerns
Seas 90: Texans 4O1al60
HOGS-Reccip;s. 600: estimated for tomorrow
90 900 Market opened 5aI0c higher. Light 6I5a
Is: roughs. 6l5as25; mixed, e3as.47ls heavy. SO
a7.53 pigs. s.7Da6.7l
SHEEP AND LAMBS Receipts Il.o00. Market
dull Sheep. 350a5o0; Western sheep. 56as. 60
native lambs 46oa7.7o; Western lambs. 45la7.65.
East Buffalo. y Y Jan. 3-CATTLE-None on
sale; market steady.
VEAL CALVES Receipts. 100 head: active: Il
higher. TOP yeals 5Oa975; fair to good. S5as 3
Eight veals 7ooas.25; heavy calves 35Ga6.5)
SHEEP AND LAABS-Recoirts. 400 head
steady trade fair Choice lambs 7s5asc0 cuils to
fair. 575a7.75: yearings 625a6S5 Wethers 40a575.
eEeS 5.ooa5g5; mixed shocD. 500a5.53; culs sheep,
30oa425
HOCs-Receipts. 800 head active; 10 to Is cents
higher. Workers. SIS Pigs ESQ; heavy mixed grades
675a5. 50, roughs 575a5.00; stags 45)a55l
Pittsburg. Pa, Jan. 3-CATTLE-Surply light
steady Choice. 60Oa625; prime. SIS: good. 25a
$50; far. 42lai61; common, 35oaL09; choice heif-
CTS. AZsal5); common to fair hsifers 25la4O5; bulls
25oa4OO; fat COWS. 2O0a4.oO; good fresh ooEs AID
sDrngsrs. . 0oa50 %; common 70 fat Is ooa3100
SHEEP AND LAAIBS-SuUply light market firm
Prime wethers. 56Os5.s5; good mixed. g5a550: fair
mixed 4z5a520; calls and common. 2O0a3 90; lambs
55oa20: veal calves. s50a9oO; heavy and thin 4jla
$50
HOGS-Receipts % double decks; active. Prime
heavy, $50; medium and heavy Workers G 65l5 s. ;
light Workers and pigs, 6.671z; stays, AOlai75.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-01-04
WASHINGTON CATTLE MARKET.

Market continues firm.
CATTLE-ENtra. $50 per cwt.; butchers. 400;
ordinary 20 20 800
HoGS-Per cst. gross. 625 to $50; ordinary, $50
to SEQ
mon. 20 20 800.
LAlIBS-Per pound. spring. choice. :; medium
TO :.
CALVES-Per pound, prime. to si5i medium.
10 S; grass, Z 10 Al.
COWS-Each. prime. 100 TO 5000; common. @.Oo
to 500; cid and dry. 5000 - 1000.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-01-04

s H. Agnew, Of Henry Clews & Co
The money situation had a perceptibly
better look to-day. and the Improvement
in this regard was reflected in the stock
market Commission houses had some
buying orders at the opening, and found
no difficulty in filling orders. The pro-
nouuced weakness in Union Pacific was
generally attributed TO the Federal inyes-
tiRation regarding the workings Of that
company's properties, and the relationship
between il and the several companies
associated with II. While this was suf-
lcient 10 cause some selling. well-informcd
people do not think there Will be any
disruption.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-01-04

George L. Edmonds. Of Dick Bros. &
Co.-''To-day's market although rather a
tame affair, was notable fer the immense
amount Of strength exhibited by Amalga-
mated Copper and Shelters. in TIE face
Of the general Nstlessness Of the rest OF
the list The money rate appears 10 be
gradually working down 70 a normal
basis, and unless British and continental
markets develop further money strin-
gency. our Own market should be decid-
edly easier after this week Socks ap-
pear 10 be in rather poor demand. and
trading IS abnormally light for this sea-
son. / believe stocks bought at these
prices VIII yield excellent profits within
fortnight"
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-01-04

Benjamin Woodruff. Of Post & Flagg-
Taking the market as a whole, it looks
pretty we'll sold out. and as Il quite a nice
rally could occur If buying movement
with any courage back of 80 appeared
For the moment, however, there seems
little disposition TO DO much either way
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-01-04
Great Northern Hearing Postponed

Great Northern Hearing Postponed.
st. Paul. Mimi, Jan. S.-The hearing TO
show cause why an injunction should not
issue from the Ramsey County District
Court 10 prevent the Great Northern
Railroad from issuing $50, o00, 600 worth Of
new stock was postponed to-day by con-
sent Of counsel until January 8
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-01-04
BOSTON sTocKs.

Quotations furnished by T. r. Chapman & Co
members New York Stock Exchange. 1901 street
northwest, e. Bowie Chapman. manager.
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-01-04
CURB MARKET.

Quotations are furnished by f. r. Chapman X Co
members New YORK Stock Exchange. G. Bowie
Chapman. manager. 1901 street northwest
n~a- Es~F w..
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-01-04

to per cent. instead Of aiding the move
ment IN the stock, had the contrary eff
feet. If. said the traders. that is the rea-
son for the rise it is a very poor one,
for the story Is untrue. and does not
possess even the merit Of novelty
From Philadelphia came the report that
the Cambria Steel Company. the stock Of
which was the subject Of strong bull
movement on the exchange in that city.
had raised the price OF standard steel
rails above the SIS level. which all the
large manufacturers have maintained as
If by common consent for several years
past The policy Of the largest producer
OF rails. the steel corporation, has been
to keep the price of rails low enough 70
encourage the railroads 70 80 ahead with
the new construction enterprises, and 10
improve the condition OF their property
generally, believing that the prosperity
created by railroad extension would bring
an Increased demand for all other lines
Of steel product.
The steel corporation, as has been
stated frequently, and just now affirmed
by Judge Gary, has no intention Of rails
ing its price on rails at this time, but
Wall street is beginning TO ask how long
the corporation could stick to its pres
ent policy II It found that its competitors
we're charging a higher rate and that the
railroads were freely paying the increased
price.
The action Of the St. Paul directors
In deciding 70 refer 20 the executive COM
mittee Of the road the vexed question Of
fractional rights will probably dispose
Of a matter which has drawn forth the
severcst criticism even from people noted
for the moderation Of their views on the
duties OF directors toward ali classes Of
stockholders.
But there IS another phase Of the St.
Paul stock issue. and the haste with
which il was made has not received the
attention II deserves. This concerns the
position Of brokers who exercise powers
for absent stockholders and who were at
q loss how 70 act IN a situation which
left them without sufficient time to cor
respond with their principals.
A customer might be away travelling,
or he might be an officer In the British
army, quartered "a India. and the broker
in India had no opportunity to reach him
TO ascertain whether he was willing to
exercise his option or not II the broker
subscribed without "a guarantee that the
customer can conveniently spare the
money, and having used his own to pay
the first installment. he IS at a loss to
know whore ne stands
The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1907-01-04
NEW YORK STOCK MARKET.

Closing