davidaulloa/AmericanStories huggingface dataset:
Evening star., 1907-11-03
HEARDON'CHANGE

The Improvement in the condition of the
general stock market at the close of the
week found expression here in more
cheerful tone on the part of those actively
Interested in such matters. Ali that can
be noted here in the way OF a change
in the financial situation Is due entirely
to the reflex influence Of what happens
In the wider market in New York and
elsewhere.
There Is nothing else to bring about any
change In the figures for local securities
and In fact none has been made, which
can be attributed to any other cause than
that of the state of the money markets
of the world. AS far as this country
is concerned it is noted by those who
have given special attention to the sub
ject the prospects Of Improvement are
of the most encoura ging nature. There
is an abundance of business to be done,
and naturally the need of loanable funds
is emphasized
The buying movement which set In dur
ing the week in the New York market in
the form of orders for fractional or
broken lots of stock as distinguished from
quotation lots attracted a good deal Of
attention because it represented invest
ment buying This phase Of the market
has repeated itself here, and while the
contrasts made by the current quotations
Of local securities compared with what
is considered their value Is not as marked
as 1t is in the case of the securities listed
on the exchange in New York, still the
figures are evidently attractive.
Evening star., 1907-11-03
YORK STATE RAILWAY FARES
Every Road to Be Summoned to
Show Cause

ALBANY. n. Y, November 2.-Every
railroad operating in this state will be
summoned before the public service com
mission November % to show cause why
1t should not be directed by the COM
mission to issue interchangeable milea ee
books of 1,COO and 800 miles at a uniform
rate of cents and without any of the re-
strictions now placed upon the sale of
mileage books by some of the larger
companies.
The two-cent fare bill passed by the la st
legislature was vetoed by Gov. Hughes
largely on the ground as stated In his
ms ssage. that the subject required a full
and fair investigation. Before passing the
resolution calling the railroads before
them an investigation of fares and mile
age throughout the state was undertaken
from Wnicn 1t appears that there are
S,4S9 miles of railroad operated in this
state, over all of which, with the eXcap-
ton of thirtythree and one-half miles
passengers are carried. over about seven
eighths Q.3l2 miles) of the total mileaga
mileage books at tWO-cant rate are
available for transportation. Over eighty
hve miles of roads which issue no mile
age books those OF other roads are ac-
cepted. While seven-eighths of the roads
issue 1,G0Omile books. JCO-mie books at
present are issued over only a little more
than half the total mileage of the state
Inc principal problem involved in the
question of universal two-cent mileage
book Is to devise u way 10 protect roads
whose total mileage is only very small
percentage Of the roads ope rated in this
state and which, 1t is claimed. cannot exist
at two cent rate. Another important aues-
ton is that of abolishng the practice of
some roads of issuing mileage books at
higher rate than cents and afterward
giving rebates.
Evening star., 1907-11-03
THE FOREIGN MARKETS.
American Situation Exercising q
Dominant Influence

LONDON, November 2.-On the stock
exchange here the American situation con-
tinues to exercise a dominant influence
over the markets, the heavy gold exports
to New York causing the rise in the
Bank Of England's rate of discount, as
well as depressing prices generally AL
though operators had to meet large diff
ferences at the settlement. they derived
comfort from the fact that only two
small failures occurred. but their con-
tidence has since been somewhat shaken
by the reports regarding the financial
furry in America, which was said to be
spreading In the interior, and the un-
certainty as to how much more gold would
be required for shipment to the United
States. Consols fell as low as SlM during
the week, and although they hardened h
on rumors that the Bank of France was
willing to release gold to assist the Bank
of England on the same conditions as last
year, they finished the week with a net
decline of q, other first-class issues easing
in sympathy.
Americans were subjected to wide. er-
ratio movements and finished the week
with very uncertain tone and irregular
Canadian Pacific closed points down. and
other shares were from unchanged to 8
points lower than last Saturday Each
lot or Wreckage stock which comes on
the market tends TO keep the public aWay
and business is left to the professional.
Evening star., 1907-11-03

that many men who are fond of the game
and proficient enough to be members of
ordinarily good team. Il have been
interested all my life In base ball said
this officer and for fifteen years | cap
tained and played with army team all
over the west. There are some fine play
erS in the army. but II il disappointing
business to manage soldier team. There
will always be one or two fellows a little
loaded with TOO much drink To play well.
and. possibly. just You call your men
for a game you discover that your pitcher
or your shortstop is In the suardnoust-.
But. If the army is to he braced Up with
better pay and a good deal of new mate
rial | see no reason why We should not
have the pick Of great many excellent
base ball pla yerS who would make fi"St-
class hand grenade force. There would
not need 10 he many men specially trained
for this service in each company. They
would have to he thoroughly instructed
how to handle high explosives safely ana
"A stock of grenadeS would need 10 ne car
ried in charge of a competent non-cum-
mlSSioned officer. who should he man
who could, II necessary. put the sTeuadts
together. Every eNpcditiun-and. in TIM"
of hostilties, every Command-ShoGId p"
supplied with grenades The work d"n"
by the japanese at Port Arthur very
clearly shows their value If We Were to
have trouble with Japan they would he
used against us. and we might as well
know how TO use them In return.
Evening star., 1907-11-03
FINANCE AND TRADE IN
MARKETS OF THE WORLD

Flour steady: Wheat lower; No; l
!aa1."2: December. s4h. Rye higher: No
I. 71a7s. Barley firm; No. 2, 1.ol; sam
ple. 75aI.60. Oats lower; standard, 49aoo.
Corn firm; No. 3, cash, 6o1a; May. o97s
bid.
MINNEAPOLIS. Mimi, November q
Close: Wheat-December. 1.o2A: May,
I uSasal .0s12; No. 1, hard. 1.c31aa1 .02a. No.
/ northern. .e2l1a D244 No. . northern,
~. "a .o'a.; No. 3 northern. 94Aa26i4.
CINCINNATI, Ohio, November .
Hogs active; butchers and shippers,
ji.:;5aG 70; common, 5.35a6.1o Cattle
steady; fair to good shippers, 4.!0a3.2o
common, 225a2.13. Sheep quiet and low
'r: 2Coa4-75. Lambs easy and slow;
/ .uoaG..i0
ST. LOUIS. Mo, November 2.-Whsat-
No. > red cash. 9ia97k; No 2. hard.
9fa1 90; December. 93A. Corn lower:
track. No. >, cash 56i4a57; December,
5I7s May, 577s; No. ., white. 51a5Iha
Oats weak; No. .. cash. Az. December,
1862; May, 5o1a; No. ,, white, 4712.
TOLEDO, Ohio. November 2.-Wheat-
Cash ass4; December, 93a.; May. 1.04al
July. @9a4. Corn-Cash December, 6l12;
May, g.; July, 6i7s. Oats-Cash, Decem-
Der, 5112; May, 527s; July 49A Clover
seed-Cash 343: November. . -, Deem
ber. go; March. go. Rye-No. .. 81.
Alsike-Prime. $40 Timothy-Nothing
doing.
Oil-North Lima, 81; South Lima and
Indiana, 50.
Evening star., 1907-11-03
Weekend Dealings Showed
Slight Improvement.
RALLY FOLLOWS A SLUMP
Operations Ended in Ignorance Of
Bank Statement.
CLEARING HOUSE CERTIFICATES
The Outstanding Volume of Loans
Fresh Credit Accorded-Trust
Companies Transfers.
RALLY FOLLOWS A SLUMP
CLEARING HOUSE CERTIFICATES

NEW YORK. November 2.-The alb
s-rscr of tire settlement f averages made
hv the banks to the clearing house was
recorded nr the tape today after all trans
actions ct tie stock exchange had beer
completed Prices had been depressed
cs,Iv in The day to slight extent. hut
had rallied with 4 show Of considerable
strength in the latter part of tEe session.
II Is not unusual for early estimates on
Saturday ?. garding the character OF the
bank statement to prove strikinsly ac-
Curate. but no such estimates We're crcu-
lated n III" usual channels today.
Operations at the stock exchange were
concluded in ignorance of the conditions
disclosed by the bank statement The
most vital fact regarding the bank state
nent is that the reserve item is not made
to show hy antici patton any part of the
enormous volume Of gold now afioat for
New York and destined to arrive and
show in the hank reserves before the next
week has expired
Meantime fresh credits have been ac-
corded with unstinted hand. as is the
proper method of meeting a crisis ap-
proved by tried wisdom. The Su','4l tpl
loan expansion. however. must be II Ter
preted in the light of the issue of clearing
and which is included in this item.
The stress in which the trust companies
have iabOred has caused the usual result
In an unusual degree of transfer Of loans
from trust companies TO banks, process
which, it is perfectly evident. does not
affect the total outstanding volume OF
loans. although expanding that item OF
the banks themselves.
The figure of the deficit below the lega!
reserve requirement. OF the banks is less
enllghteuing than the proportion of the
reserve Ia liability, which stands at 21..5u
per cent. as against 20 per cent in 1888
The bank statement does not include the
separate statement of government de-
posits Tor which the banks exempt
from the cash reserve requirements &C
CoTdiug to Il ruling of the Treasury De-
partment, but not by the rule of the
clearing house.
Bonds We're weak. Total sales, par
value. 81 .::SGtD.
United States IS have advanced 2X
the IS l2 ana the As l per cant in the bid
prices Oh call during the week.
Evening star., 1907-11-03
RUNS ON BANKS OVER.
Gold Arrivals VIII Offset Decline in
Clearing House Banks.

NEW YORK. November 2-The finan-
ciel week came TO close today without
any notable developments. The stock ex-
change was comparatively steady during
the day with little activity. The runs
upon banking institut ons seem to be prac-
tica ly a an end. and few important con-
ferences were held by f1nanciers The de-
cline in the reserves of the New York
clearing house banks was heavier than in
any recent experience, but will be largely
OFFSET by the arrivals of god next week
The apparent loss In the reserve was
about S5I 0el.te but s. fatO. 900 OF this was
due to the requirement of % per cent
against an Increase in deposits of s2s. .O0O,-
600
This increase in deposits In the clearing
house banks apparently represents the
transfer of funds from the institutions
which have been subject to runs The
actual loss in cash. therefore. was about
S5ohD,Hr, which reduced the reserve on
hand to about S22J.OtH.0po. The gold en-
gagements increased slightly today by or
oerS from P.ttsbarg and other points,
making the toJa! engagements to date
s.a.15u.rrb. II al! tbs amount should 90
into the reserves Of the clearing house
banks il would practically restore their
'oss of cash during the past week Even
me dlFe!s.oH OF part of the amount to
"th-f cities VIII leave the bulk of the gold
arriving 10 90 into New York banks and
VIII probably result In an increase of re-
serve next week A part of the dec inc N
Iash' IN the face Of heavy deposits of
treasury funds. has been due TO the calls
or the country banks for currency. 1t is
itIlsNed that these have been pretty large
- meg ana thdt the amount will not be
I.ear!y as large during the coming week.
reports received from various parts of tha
country Indicate that the system of meet
ing pay rolls in checks instead of in CIR
Feilcy is being largely adopted without
any essential Inconvenience to wage-earn-
crs va II
Evening star., 1907-11-03
THE GRAIN MARKETS

CHICAGO, November 2.-The New York
financial situation turned a strong whea,
market INTO Il weak affair today. and at
the close, waCtt for December delivery
was lSs lower Corn was down Las
Oats were l. lower. Provisions were ~
to 171xc lower
The WEea- market opened firm today
responding 10 unexpected strength at Iiy-
erpooL Later the New York bank state
ment was received. ami II being consider
ed the worst on record from that cry
caused immediate and heavy selling OF
wheat Prices broke Sharply and remained
weak until the close The r8Imors OF
shutting down OF mills also caused so ne
selling. The fact that some export busi-
ress was reported from the east did not
prove an offset u The financial situation
The close WAS weak. December oyene1 l.,
TO q higher at 6As to %G1. sold between
Alsa9iA and .GSs, and closed at s4A
ClearanCes OF wheat and nou- were equal
TO 2g5.O bushels. Primary rcceip were
I3l.Uo busne.s, against go .UDJ bushels on
the same day last year. Minneapolis Du-
luth and Chicago reported rece pts Of so
cars. aSails, GlT cars last We k and JlI
cars one year go.
The corn market was strong at the
opening in sympathy with wheat and the
reports OF poor husking returns Consd-
cradle selling of long corn came out OH
the advance, and then the break in wheat
and the New York bank statement caused
sharp decline Cash houses were fairly
free sellers. and the market in general re-
Ceiyed poor support. December corn
opened h.a4- to 2sa4 higher al 59as TO 81
sold between 5s7s and %. and closed at so
Local receipts were III cars with thirty
OF contract grade.
The oats market opened strong in sym
pathy with wheat and corn. but later the
attempt o. a prominent ,ong 10 unload. to-
gether with the decline in wheat and corn
broke the market sharply. Trade was in
small volume, and the range of prices
WAS marrow December oats opened Il
lower AT Iltt4 sold between 4S1s and So and
closed Ut 1875, the low point of the day
focal receipts We're lo7 cars.
The provisions market weakened under
selling 10y pa keTS, despite bUllish show
ing OF statistics The receipts OF hogs al
western ceuters were much .ess last week
than either on" week Immediately pre-
ceding or the corresponding week last
year.
This fact however. did no. seem to
Strengthen prices. January pork closed
1Ik lower. at 14.271z. Lard was down
10al2]2. At N-%5as 3712 Ribs were ~
lower. at 7.57Iz
Estimated receipts for Monday: Wheat
~ cars; corn l1G cars; oats, 1T cars.
hogs. 27C0O head
MILWAUKEE. Wis. November .
Evening star., 1907-11-03
Revenue Cutter Service Barges.

Orders have been issued from the reve.
nue. cutter service bureau in the Treasury
Department to officers In the service as
follows:
Second Lieut.. 7. NJ. Molloy, granted
seven days leave.
Second Lieut.. NJ S. Hay, granted three
days leave
Chief Engineer Willis Pedrlck. granted
leave for one day.
Constructor J. .. Walton, ordered to
proceed to New York city on official busi-
ness.
Second Lieut.. E. S. --ddison, ordered to
proceed to his home and resume leave OF
absence
Third Lieut. Z. d. Jones' granted thir-
teen days leave
Second Assistant Engineer F. II. Young.
granted thirty days leave.
Capt. a. Z. X. Hanks, granted thirty
days extension leave.
Capt. F. G. Dodge, granted ten days
leave.
First Lieut.. L. 7. Cutter granted five
days sick leave.
Evening star., 1907-11-03
MANCHESTER CLOTH MARKET.

MANCHESTER. England, November q
The week 8 turnover in the cloth market
was Of disappointing character. and pro-
ducers. while they have not reduced QUO
tations materially, are anxious for new
business. Bleaching and light cloths. as
well as shirtings. were sold in moderate
quantities for India. but the present con-
ditions in China operated against in
creased trade with that quarter. while
the Mediterranean trade remained at very
low ebb.
Yarns sold in moderate quantities and
lrregu!arly. but the quotations did not
alter prices. The spinners appeared to
be sold we'll ahead at full rates and they
were not anxious to take fresh orders at
lower prices. In the meantime, the fine
qualities monopolized attention, but in
quiry for the medium and lower grades
was gradually increasing.
Evening star., 1907-11-03
BANKS AND BANKERS.

SAN FRANCISCO. Cal, Move mber q
All the banks of San Francisco opened
their doors as usual today. Gov. Gillette
called conference of members of the
clearing house association and lie aiding
tinanciers. He says that for the pr sent
the legal holiday will be continued from
day 10 day until it is certain that no dan
gcr from a money panic exists in, this
state
LINCOLN, Neb., November 2.-Secre-
tary K. Royse Of the banking board
stated today that the Commercial State
Bank of Grand Island Is solvent and
should not have closed. He believed the
bank would open next Tuesday. He has
been informed that So 900 is now on the
way from Charlton. Iowa, to cover half
of the loan to the First National Bank of
that place. 3. F. Clayton of Charlton.
Iowa, is president of the Grand Island
bank.
ST. LOUIS. Mo-. November 2.-Little
blue. yellow and green slips of paper in
denominations of 81. s. and $40 were put
into circulation as money today by the
National Bank of Commerce. the Third
National Bank and the Mechanics Amer
lean National Bank. These differed from
the cashiers checks which have been in
circulation for a week in that they were
made payable to bearer" and that no
Endorsement or Identification was required
TO cash them.
KANSAS CITY, No, November =
Half a dozen local banks today began is
suing cashiers che cks in amounts of one
two, five and ten dollars, to be used In
place of currency and payable TO bearer
Clearing house certificates also are being
US d formerly. The question of issu-
ing cashiers currency was considered at a
meeting of the principal bankers. and 1t
was decided to leave it to the discretion
of the individual banks,
Evening star., 1907-11-03
HERE'S A NEW IDEA.
Garden Motor Show Has an Old
English Inn

Visitors to the eighth national automo-
bile show in Madison Square Garden.
which opened last night. found q revela-
tion in the rathskeller line awaiting them
This rathskeller will be compound
proposition in three divisions, the whole
representing an old-fashioned country
inn. its stable yard and It's wine cellar
Entering through a quaint shingIe door
way the guest finds himself in the dining
room. with vista of the courtyard be-
yond, entrance to which is gained through
another oldfashioned doorway. The
yard, which is for promenaders. has
large shade trees growing in 1t and is
shut In from the roadway by a high
wall. faced with lattice work. while the
stable at the opposite end of the yard is
similarly screened by vine-covered lat
tice work. Across this yard from the
dining room is the true cellar room,
rathskeller. or boozing zen. 1t has an
arched roof. with rafters supported by
stone columns. and is fitted with olden-
time appurtenances. exec pting the drink
ables. which will be the same as those
Of Rroadway
Evening star., 1907-11-03
$3,0oo,ooo for Chicago Banks.

CHICAGO, November 2.-Secretary of
the Treasury Cortelyou today decided to
place 100000 with the local banks
which are government repositories He
was requested. 1t is said, to send SS,OOO,-
900. but decided to place a larger pro-
portion of the amount in the federal de-
pos!tories of New York. There was an
optimistic spirit in financial circles today.
and banking men expressed the opinion
that the money stringency was rapidly
becoming thing of the past
Evening star., 1907-11-03
NEW YORK SPECIE.

NEW YORK. November o-Imports Of
specie for the port of New York for the
week ending today were $40, 100 silver and
s130,37S gold
York for the week ending today were
$Si1,12J silver and S610 600 gold
Imports of merchandise and dry goods
at the port of New York for the week end
ing October 26 were valued at S17S16522
Evening star., 1907-11-03
Great Hill Test Next Summer.

the greatest touring contests ever known
seems certain. The plans are being laid
for a contest of one week. to take place
next summer. The contest Will require
200 miles of hard travelling daily for lne
first five days, with a climb to the top
Of Mount Washington the sixth day. This
will force all of the cars to do great
work for five days and to prove that
they came through in good shape on the
finaE day. The test may not prove at
tractive TO some. but that a great many
will take part seems certain
Evening star., 1907-11-03
NEW YO&K DRY GOODS.

NEW YORK. November 2-Figures
compiled in credit department show that
the dry goods houses of the country are in
exceptionally good condition to withstand
credit strains. Trade for TIE day was
quiet and steady. Easier prices are pre-
dicted for linens 3tnd burlaDs for next
year.
Evening star., 1907-11-03
Washington Stock Exchange

SaIes-Regular call. IL O'Clock noon-Capital
Traction rs. $500 at 1l2
Washington Rwy. and Elec pfd. at ST.
Mitchell Mining. 100 at u.
Union Savings Bank. 10 at 26O.
After call-WashingtOn Rwy. and Elec. pfd..
at 81 at 81.
Greene Cananea. 10 at 81.
Capital Traction 5s, 81 600 at 11lA, $500 at
1l1A $500 at 1l1hs. $1,000 at 111ts. $1,000 at
1ll%. $500 at 111ts. $500 at l11as.
Evening star., 1907-11-03
NEW YORK METALS.

NEW YORK. November 2-The metal
markets were quiet as usual in the alb
sence Of cables. Tin was rather easy in
tone, but prices were unchanged Conner
held firm at the recent advance Lead
and speiter We're dull and unchanged. Iron
continued quiet.
Evening star., 1907-11-03
Proposed Corps of Ball Players.

1t Is not unlikely that when a good
grenade is finally hit upon active meas
ures will be taken to develop throughout
the whole army an efficient corps of men
able to handle them. Az old Infantry Off
Ger who is authority for the statement
says that there are on an average twelve
to fifteen good base ball players in every
company of the army-that is, there are
Evening star., 1907-11-03
Best Method of Projection.

Cen Crozier has some doubt as to the
hest way to use the grenades. To throw
them from the hand would be attended
with risk The average base ball player
now and then drops the ball, 1t slips from
his hand, or possibly does not go in the
direction he intended. Any such mishap
with a grenade loaded with high explo-
siyes would be followed instantly by a
terrific explosion and possible loss of life.
OF late the experiments have been made
with stout linen string and the gre
made is swung in the manner Of a boy
sling shot. With grenade weighing
pound at the end of string three or four
feet long in the hands OF a skilled person
such a missile can be thrown easily fifty
or sixty yards and over an elevation forty
to fifty feet high. There seems to be
about as much danger In handling the
grenade in this manner in throwing
them directly from the hand. If the
man should let go the string at the wrong
point as he swings 1t over his head he
might send the grenade back among his
own people, but of course extended prac-
tice with unloaded dummy grenades
would ultimately reduce the percentage
of this risk to small figure. The ex-
pert ordnance and artillery officers of the
army manifest a good deal of faith In the
slingshot method of using the grenades.
I'VE could have used hand grenades.'
lery. in speaking of them the other day.
with great effect in the fight at Mount
Dajo. There our men got close up under
the walls of the Moro fort and could go
neither forward nor backward. When
they climbed up the walls the spearmen
were there, ready to push them down. and
II a man got up over the edge of the
wall a Moro was there with a Martini
ready to shoot him. When our sharp
shooters got to work the Moros were more
careful One sharpshooter. l remember.
nipped the heads off of seven spears. one
after another which seemed to have
powerful moral effect upon the natives,
and they kept their spear heads down be-
hind the walls. When the mountain ar
tillery turned loose the shots simply spit
against the walls and the Moros would
lump up in crowds and brandish their
sncars and veil after each shot. If we
could have had forty or fifty hand
grenades there, with well-trained base
ball players to toss them over into the
fort, we could have made short work OF
the whole fight, and probably the losses
on our side would have been very mate
lI,y rod cd