davidaulloa/AmericanStories huggingface dataset:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-03-24
RAILROAD EARNINGS
SHOW CONSISTENT GAINS

NEW YORK, March 23.-TotaI gross
earnings Of all Tilted States roads re-
porting for March 70 date are SO. 500. -
isS, an increase Of 1.6 per cent over. the
corresponding period last yea-. These
are mostly Southern and Southwestern
roads and the figures show q heavy ton
mage movement in those sections. Com
parlsyE Of gross earnings Of UniteI
states roads reporting for the first two
weeks Of March and earnings OF the
same roads Tor the corresponding De-
Rod IN February; also the more com
p!ete reports for February and the TWO
preceding months. show consistent gains
running from . 10 per cent.
The preliminary statement for Febru-
ary Of leadiag systems in all sections OF
me country shows gross earnings of
Sos.fJJ.4i9, an Increase Of - per cent over
FEBRUARY last year. There is a gain
on all classes or roads. with the excep-
ton of the Pacific group. where there
Is a large loss. Tue wholly 10 the IN
favorable weather conditions which ex-
listed in the early part OF the month.
teoruary, last year. showed a large gain
over February, 1905. and the gain this
year is quite satisfactory considering
untavorabIe weather ana oIher infu-
CuCes-
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-03-24
AMAZING FIGURES
OF MANU- ACTURERS

Exports Of Manufactures from the
United States and Their Distribution,
by Articles and Countries, 1900 70
1906" is the title Of a monograph
issued by the Bureau Of Statistics OF
the Department Of Commerce and La
Dor. II shows that exports Of manu-
features from the United States now
exceed 500. 100000 per annum, and
have doubled in value in single
decade. Not only has the expectation
Of manufactures doubled In q decade,
but the share which products Of the
factory form Of the total exports is
steadily increasing. In 1850 manufac-
lures formed but 40 per cent Of the
total exports Of domestic products; in
1890 they formed q per cent: in 1900,
% per cent, and in 1906. 20 per cent.
These figures, however, are approx
mate only, since the figures of the ex-
ports Of the European countries are
not yet at hand in sufficient detail to
render possible an exact statement Of
the value Of manufactures exported in
that year.
The growth Of the manufacturing
industry in the United States has oc-
CURED chiefly in the last twenty-five
years Stated in round terms, the CEN
sus figures OF the gross value OF man
Ufactures in the United States are:
For 1850, one billion dollars 1850, two
billion dollars; 1870. four billion dol
lars; 1880, five and one-third billion
dollars; 1890. nine and One-third bill
Hon dollars: 1900. thirteen billion dol
lars 1906. fourteen and two-third bill
Hon dollars, the figures for 1905 being
exclusive Of neighborhood industries
and hand trades included in previous
years.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-03-24
AMERICAS TRADE
WITH ORIENT
Great Expansion Predicted
in Next Five Years, Par
ticularly With Japan.

Baron Kentaro Kaneko, the we'll
known Japanese diplomat and fnan-
cier, says; I'm the next five years
American trade with the Far East, par
ticularly with Japan, will expand with
enormous rapidly. The reason is plain
We have to depend on America for raw
materials. And you have To depend on
Japan for raw materials. Our cotton
factories depend entirely upon american
raw cotton. We look 10 you for bread
stuffs. for irCn. and steel, cast bar, and
sheet iron. and machinery. These things
we cannot make in our country. on
the other hand, we send you raw silk.
You cannot raise H. We give you
$50 600 worth OF tea each year. In
other things which never compete We
provide your country and the balance
OF trade Is carried out by this means.
on account Of the war we have spent
enormous sums Of money. We have had
a great strain on our financial power It
VIII take four or five years for us to
recover, and by that time the United
states VIII have established a firm
grasp On the East, since you have such
low interest on your money, such ire
mehdouS money power. and such skill
tli business men. The United States
VIII be the gamer, AMI Will have trade
there pretty much It's own way"
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-03-24
.HESITATING MOOD
IN GRAIN MARKET

CHICAGO, March 23.-The grain list
was mainly Iower-Bq1kc for wheat.
&c for corn; i4c off to &c up Tor oats:
2ikQ10c of for pork: 21&05c up for lard
and 2iE off to unchanged for ribs.
There was general desire on the part
of small traders 10 even up over Sunday
Possibilities of rain in sections where
moisture is needed and the fact that
seeding has commenced in North Da-
lkota, was against wheat. Corn and oats
as well as hog products were tame
late in the session. Cash sales
here were $1,000 bushels wheat, 6. coo
bushels corn, and 10000 bushels oats.
Twelve loads wheat, six loads corn and
1900 bushels oats were sold at the sea-
board. Primary receipts of wheat
SOS. 600 bushels: corn, 799, 900 bushels COM
pared with $4,000 and 345O 900 bushels. re
spcctively year ago, Clearances for
the day. 492, 900 bushels wheat, $1,000
bushels corn and 10000 bushels oats.
Closing prices: Wheat-May 75std75Ts
COrn--May. 45&4645zs- Oats-May. 41IsSI
419s. Pork-May. 15.621a. Lard-AIay. S.77.
Ribs-Aay, 500
The following prices ruled on the
Board OF Trade today:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-03-24
.PhNICKY CONDITIONS
IN COTTON MARKET

NEW YORK. March 23-The cotton
market broke sharply today under
rather general reselling and also some
heavy sales for short account This
was due to an unexpected sharp break
OF English points in futures on the
Liverpool market with the decline there
due TO the panicky conditions which pre-
vailed on the London stock market and
the bOurse at Berlin. Selling here start
ed at the opening when first prices were
made at declines ranging from 10 TO J.
points. The bull interests supported
the market freely on this slump, and
prices then soon rallied , TO 4 points.
They were beaten down later TO level
Of l3 10 l6 points from last nights clos
ing with May selling at ga and July
ket caused considerable reseIling by ou-
orators who had been taking back the
cotton during the last few days they
nad thrown over in the panic of early
last week There was enough support.
however, to readily absorb these offer
Iugs and the market closed steady with
in about points from the lowest. Con-
sideTing the Generalization which pre-
vailed on the foreign markets anG the
extent of the fresh break in stocks here
the cotton market acquitted itself re-
The days prices were as follows.
March, 91gu93I. May, 9.44H9 10; July
2 49U9-5O. August, 9-53N954; October. S57
ass; December, 9.S5U9-66.
The market closed steady.
The following We're the quotations for
the day on the New York Cotton Ex-
change:
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-03-24
FIGHT TO CONTROL
BATOPILES MINES

The early listing of the stock of the
Batopiles silver mines of Mexico on the
New York stock exchange again gives
rise 20 the story that "a fight for control
may be precipitated. and spectators
and investors are interested for al
though the mines have produced more
than S20,G00JlO since Gov. Alex
ander r. Shepherd took them over in
1880, the stock has always been closely
held.
The policy of the company for the past
twenty-seven years seems TO have been
10 reinvest most of the returns in the
providing of betterments and extensions,
and II IS said that there are now more
than nifty miles OF underground work
lngS- including the famous Portihrio Diaz
tunnel more than 1000 feet long, with
an ore body in sight practically mex
hausubIe.
During the month Of February 10000
ounces, or nearly $4,000 of bullion, was
shipped, and il is predicted that even
greater shipments viii follow. Mining
engineers the world over have long
recognised II as one of the richest silver
mines now being worked and only it's
great distance from railroad transDOTta-
ton has prevented it from being more
profitable. 1t was frequently predicted
that Alexander r. Shepherd would re-
turn TO this city q multi-miIliOnaire from
MS investments in these wonderful
Mexican mines, but until recently the
STOCK was not much in demand and
governor Shepherd never realized his
ambition.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-03-24
PROSPERITY REIGNS
IN COTTON STATES
Current Crop Only 100000
Bales Short of Great
1904-'O5 Record.

The total of Is, 900 bales ginned from
the cotton crop Of l906-07 to the middle
OF March is what one might call a good
demonstration OF the expanding posi-
biIities IF the Southern States in the
production Of this STAPLE BY contrast
with the record year of 190i-05, the cur
rent season is thus far only 10000
bales short Of the great crop of 1851. 90
bales.
OF the cratribdtIng States, rexas has
OutdOne herself in a yield OF 4,063,9u
bales. A 1000 OO0-baIe crop is 10000
larger than last year and nearly 1000. coo
larger than 1904-05. and Alabama, Ar
kansas, Indian Territory. Louisiana,
Oklahoma. and Tennessee contributed
more than i'm 1896. The greater pro-
portion of the advance over last year
was in Texas territory.
There is no part Of the cotton textile
world TO which this report viii not
bring enCOura cement and good prospect
It means much to the spinning districts
Of Europe and the United States. 1t
means still more 10 the COttOn-grOwing
scctiOn, for which this crop represents
tie largest single source of income. IN
money value IL must yield the agricul-
ture of the South from $500, 000,0 900 10
$3.50. O00 600.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-03-24
GIVE HIESTON TIME
TO PAY OBLIGATIONS

Friends Of Walter Hieston have been
endedvoTing for some days to effect an
arrangement whereby further proceed
ings in the case Of voluntary bank
ruptey, begun a week ago. may be dis
continued. and present prospects look
exceedingly favorable for a settlement.
Several conferences have been held and
it is understood a plan has been agreed
upon which will be ready for announce
ment on Monday.
The amount required to discharge
pressing obligations is small. and If Is
believed, can easily be supplied. The
larger creditors have expressed their
willingness to allow Mr. Hieston an on
portunity to meet his obligations on the
best arrangement possible, believing
that with sufficient time a sum can be
realized to enable him to discharge them
in full.
The action is entirely voluntary on
the part Of the creditors and will prob
ably meet the approval Of the court
when presented to il.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-03-24
COMMERCIAL FAILURES
GRATIFYINGLY SMALL

Commercial failures last week in the
United States. as reported by r. G. Dun
& Co, are 1S5, against 213 the CORE
spending week last year. Failures in
Canada number twenty-five, against
thirty-Seven last year. OF failures last
week in the United States, seventy were
in the East. fifty-three South. forty
nine West and thirteen in the Pacific
States. and ffty-nine report liabilities
of 5000 or more. Liabilities of CONNER
cial failures reported for March 20 date
are S3,l06,655, compared with S., 036, 033 a
year ago.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-03-24
BANK EXCHANGES ALMOST
REACH RECORD FIGURES

Bank Clearings show a further large
gain over last week and over the CORE
spending weeks Of preceding years. in
fact they are close to the high record
of January, 1905, all leading cities i'm the
United states reporting exchanges for
the week Of 1913. 901.174 an increase of
3S.e per cent over last year and 400 per
cont over the corresponding week OF
1905, There are large gains at New
y Ork city, where exceptional PAYMENTS
through the banks we're unusually
heavy. at Boston, Baltimore. CIcva-
land. and Kansas City. Other leading
cities report a considerable increase
over March, 1905.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-03-24
BAD FOREIGN NEWS
CAUSED SELLING
Reports From London, Paris,
and Berlin Indicate
Trouble.
BAD BREAKS IN LEADERS
Losses Generally Quite Severe and il
Some Cases Declines Were
Sensational.

NEW YORK, March 23.-The heavy
pressure 10 which the stock market was
subjected yesterday was resumed at the
opening this morning and prices again
slumped badly. The initial quotations
showed declines running from 1 to 2
per cent and later on these were in
creased all along the line The immedi-
ate cause for this fresh Generalization
IN prices were the disordered conditions
Of the European markets. London quo
tations showed general weakness in
American securities and a good deal Of
nervousness prevailed there over the
possibility, and even probability accord
ing to cable advices, OF some serious
trouble at next weeks settlements.
Short Covering Stayed Prices.
After the completion Of the first out
burst of liquidation and short selling in
our market, the bears started TO retire
a portion of their commitments, and
this stayed the downward tendency Of
prices temporarily. Subsequently, how
ever, reports were received from Ber-
lin indicating that the bOuTse there was
on the verge Of a panic, and greater
decentralization was reported in London.
This news Inspired a new outbreak OF
liquidation here and increased the COur-
age of the short interest The result
was a resumption of the downward
course of the market, which fell 10 a
new low level for the day. the declines
in the more important stocks ranging
from . to per cent.
Canadian Pacific Smashed.
Canadian Pacific, which until yester-
day had withstoOd the strain fairly
well, was today smashed down points
further, to 155. and was the worst suf-
ferer on the list Next 10 that came
Southern Pacific, which ran of 10 &C.
while Union Pacific and Reading fell 3
ard 3}a per cent respectively. Losses Of
2 per cent or more were recorded In
Erie. Baltimore and Ohio, Pennsyl-
vauia, AtchisOn, Chicago and North
western. and United States steel. while
Great Northern, Northern Pacific. Del
aware and Hudson, Amalgamated Cop
per, and Consolidated Gas fell from 3
70 81 per cent. The market closed ex-
CeCdinglv nervous, but with some stocks
showing Tccoveries Of about a point.
while others were virtually at the bot
tom.
Government bonds unchanged: rail-
road and other bonds were irregular.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-03-24
WEALTH OF UNC-E SAM.

Although the United States has only
per cent OF the worlds population. she
is producing in 1857 fully p per cent
OF the worlds sold, so per cent Of its
silver. 40 per cent Of its iron. q per
cent Of its steel. 40 per cent Of Its coal,
80 per cent of its petroleum, 50 per cent
OF its copper. and 70 per cent Of its cot
ton Between the ELECTION OF Harrison
in 1855 and the completion Of the first
half Of ROOsevelt's present term on
MerCh 4, 1901 the wealth Of the United
States has dOUbled.-Leslie' Weekly
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-03-24
WASHINGTON PRICES

Saturday, March %
Sales Of the hoard, including the after
call, amounted TO 6l8 shares Of stock
and l,5Q0 N bonds.
Following are the sales and quotations
Of the market:
Washington Railway and Electric IS,
81, 000G83.
Washington Railway and Electric
common. 50Q36, 50U36 50Q357s, 50d35b
l0OaS0 (buyer COZ.
Washington Railway and Electric pre-
fered. 2001SOla Cbuyer CO.
Msrgenthaler, 10d205.
LanstOn. 25ft13iz-
Metropolitan National Bank, IO132n.
Riggs National Bank, 36615
Washington Loan and Trust, 30621l1k
Potomac Insurance, I003OH
106
National Safe Deposit. 3Oal90. 10a1gO
Mitchell Mining, I0OG4A.
GAS BONDS
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-03-24

A leading commission house which re-
ceived 4,5OO shares of stocks the other
day noted the fact that $500 of them
consisting of small lots-bore the Lon
don stamp. The English are selling.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-03-24

ogden d. Budd, president of the Con-
solidated Exchange Of New York, out
lining the cost of, the new building,
stated that the purchase price Of the
site was $4,000. The cost Of the new
building alone will be 100000.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-03-24
NEW WORKSHOPS, BONDS, AND NEUTRALITY-SUSPICIOUS.
NEW YORK STOCKS

Quotations furnished By Charles @. Gates
Co.. Munsey Buildingi Members New York
Stock EXCHANGED
Saturday. March ErF
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-03-24
BANK STATEMENT.

The surplus of the banks is 81. 100. $50.
against $6363,775 last year and SG.479. 335
two years ago
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-03-24
MISCELLANEOUS BONDS
THE CURB MARKET

Touotstlons furnished by Charles @, c,stes
& Co.. Munsey Building: Members New York
Stock Exchanged
Saturday. March %: Fri
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-03-24
FINANCIAL GOSSIP.

The Bank of England employs about
loo people. pays S1.2JOOOO yearly in
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-03-24

There is now a prospect that the offer
Of Secretary Cortelyou to purchase $25,-
600 600 of the tours of 1907 with interest
to maturity will be accepted in full,
~ least before the end of April, II not
sooner. This will afford gradual relief
to the money market and there is no
longer cause for apprehension of the
withdrawal of United States deposits
from banks, while they may be in
creased
1t IS said that more money has been
lost Of late because Of spectators ana
others loading UP with stocks on in
side" information than any other SINH
lar period in the history Of the stock
market. The assertion is made that
these tips" were not given with any
intention of deceiviug the recipients, the
only trouble having been tndI Ihey
were not accompanied by the nioIIlia-
ton as 20 the time to get from under
The report Of the Cambria Steel Com
pany for the year ended December 81
1895. reflects the prosperity when Ihe
iron and steel trade In general enjoyed
last year. The net income Of the com
pany aggregated $4,96fOJ3, the largest IN
The COrpOration'5 history for Twelve
months. a figure equivalent TO HOB per
cent on the outstanding capital stock or
$4,000 go, the par value Of the sAdres
being so. The per cent earned on ths
stock IN 1906 compared with $50 per cent
in 1903, 3-92 per cent in lsJ4, b.bS per
cent in 1903, and 1L2f per cent for the
fourteen months ended December 81.
1892.
Three important municipal bond sales
within the past week have been failures.
Philadelphia received but one bid, ana
that an unsatisfactory one, FOR her 50
100000 2l2 per cent municipal improve
meut bonds, and Mayor Weaver de Hded
TO attempt TO dispose OF them over the
counter. St Louis offered 100000 300
per cent bonds on Monday. but they
failed to attract q single bidder, and the
bonds will have to be ready6Tised- On
Wednesday, Allegheny county had a
similar experience TO hat Of St. Louis,
OF 100000 4 per cent road Improvement
bonds,
. The most significant financial event
of the year is the advance by the Bank
OF france IN IT'S n nimum rate OF dis
count, from 10 g. per cent This ac-
ton was not entirely unexpected, al
though the impression had prevailed
that the ability OF the Bank OF France
TO protect its gold reserve by rendering
silver in redemption of its notes might
rate of discount for some time. Of
fetal notice has thus been served that
while present conditions continue, the
export of gold from Paris 10 New York
viii be resisted with all the power of
the Bank Of France
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-03-24
PRICE CHANGES OF WEEK.

The following table, furnished by
Griffin HaIstead & Co. brokers, 1874 +
street. members Of Washington Stock
Exchange showing the opening high
est. lowest. and last sales on the eX-
change last week. Prices are for quota
ton lots only.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-03-24

Total stocks last week 5.s12 shares
Total bonds last week. S15150
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-03-24
Financial Statements.
STATEMENT OF THE CONDITIONS
Of the
MAssACHUsETTs MUTUAL LIFE NsUE

or Springfield. Mass, on the 3Ist day OF
December, 1906, as required under District
OF Columbia Code, amended June 80 1902.
The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-03-24
NEW YORK COFFEE MARKET.

Saturday, March %:
The Washington times., 1907-05-12
OF SUBURBS
INCREASING CONSTANTLY
Improvement of Transportation Facilities One of lhe
Causes, Together With Desire for House
With Plot of Land

seem to be a demand from the latter
class, who missing more acutely the
oUt-of-door feature and realizing the
need of IT, long for the delights OF
suburban life.
"Of a dozen sales selected at random
OF properties i'm Cleveland Park. nine OF
these were made 10 persons living IN
apartments and one 20 a family board
ing al hotel We look 90 see this cau
for suburban property grow greatly.
Time was when mile from down
town section was more in point OF dis
lance and convenience than several
miles now are
The knowledge OF the value OF fresh
air. sunshine. and AN that goes with
life ina the open has come 90 be so gen
orally recognized that people are de-
handing for themselves the freer open
lie The growth in The number and
size of publications dealing with sub
urban life and the great amount OF
matter published on subjects appertain-
ius t. suburban and country life and "a
the delights that 20 with it attest he
changed conditions"
The Washington times., 1907-05-12
SALT AND SUGAR TAXED

Italian salt is heavily taxed. NOT be-
cause ir is luxury. but because 1t is a
necessity and the poor suffer greatly.
Sugar is taEed, also. even iu tie frivo-
lous form c. white ornaments on iHs
top of a cake. So a traveller from Alex
andria found OF late. arriving iu Venice
bringing with him a decorated c1k..
Having no taste for cake. the travcIe~
sailed into tlc port of Venice with mis-
EE} ptHu sugar uucatcu and r1-gott.-r.
Down upon the cake came tlr italian
officials, demanding duty The EugIish-
man protested that cake was uor com
irabaud, whereupou the white o--ra-
helts were denounced. IL was argued
besides. that the substance OF The r,.,e---,
Itself VAS probably sweeteued The
traveller. who did not like paying S.fy.
proposed Go heaye the whole thing 90, ~
board into the lagoon. Not So. Ifs
arm was srasped. the sugar was nov,
me property. of the King of Italy. The
traveller paid.
The Washington times., 1907-05-12
INFLUX OF CAPITAL
IN RECENT MONTHS

The great influx OF people from all
sections OF the United States bears tes-
timony 10 the fact that washington is
looked upoE with increasing favor az
a place Of residence. as for example.
during the last week OF February the
following persons bought, homes here.
George w. vanderbilt OF New York.
Mrs. Marshall Field. Of Chicago; Mrs.
Norman williams. OF Chicago; Mrs.
George n. Pullman, Of Chicago: Mrs.
gresham Frani. o. Lowden, OF Chico oi
and Edison Bradley. OF New York
The reasons for this remarkable
growth are many. Prominent among
them may be mentioned an ideal eli
mate: the fact that Washington IS the
yCapital OF the Nation; the social oppor-
tunltes offered here; the great educa-
tional advantages: the ever increasing
beauty Of the city, owing largely 10
its magnificent park plan and the many
imposing public buildings IL is the IN
teution Of Congress 10 make Washing
ton the most beautiful city in the world
To be convinced that this is not a mere
boast. one has but TO look at the vast
appropriations annually made 20 carry
on the work Of Identification in point
Of wcaIth Washington outrauks twenty
five states and Territories of tae Union
In view Of the tremendous studio,
that the city proper has been making
IL T. small wonder that the ADJOINING
country or suburban district should be-
] coming in for its share Of attention