davidaulloa/AmericanStories huggingface dataset:
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-06-21
BuI.LFRoG.
MONDAY, JUNE ii, ,s47.

The morning was fine and warm. At
S:35 o'clock a. m the cnmp proceeded
onward. and after travelling ga miles
the pioneers found themselves in the
nelghborhood Of vast quantities OF
saleratus; a number OF bushels gath
cred up by the camp was said 10 be
OF good quality. The company ira.
veled 7i5 miles the forenoon over
very sandy road which brought them
to the banks OF the Sweetwater at
point IL miles below Rock Independ-
enCe. This rock, IN the Sweetwater
valley, was thus named from the cir
cumstance OF It's being ascended by
party who there celebrated the ami
versary OF American Independence. on
the Fourth of July.
The distance from She upper ferry
OF the Platte to Independence Rock
was 10 miles by the pioneer roado-
meter Elders Wilford Woodruff and
John Brown again Joined the pioneer
camp on rs arrival at Independence
Rock. They, had spent the night In
one OF the Gentle" camps, which at
that time were some miles ahead OF
the pioneers.
After dinner" writes william Clay
ton, II, In company with others of
the brethren, walked Ia view the Rock
Independence, which is situated on the
north bank Of tho river. the extreme
southeast corner reaching TO within
three roads 90 the same, and running
thence IN northwesterly direction,
while the river at this place runs near
~ east The rock Is composed Of the
same barren granite as other masses
81 this region, II Is probably 400 yards
long, so yards Wide and 100 yards high,
as near as ! could guess. The ascent
is difficult an around travellers appear
10 have assembled mostly on the south
east corner where several hundred
names OF persons who have visited II
are painted on the projecting surfaces,
some with black, othors with red and
are names of both sexes. About half
way up there II cavern nearly ~
feet long and three feet wide AT the
bottom, and 10 feet al the top, and 30
feet hlgh, II N undoubtedly formed
by heavy mass Of rock having some
time fallen over and opening OF eayi-
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-06-21
PILGRIMAGE OF THE UTAH PIONEERS
SIXTY YEARS AGO TODAY

~, leaving scracely room enough for
u man 10 enter. There are also a num-
her OF names painted with black paint
inside the cavern. on tho top Of tho
rock the surface If a little rounding
something like q large mound-with
masses of loose rock lying scattered
around.
AT o'clock the company resumed
the journey, and In passing the rock
we put up guido board With this IN
scriptl0n on IL;
To Fort John 175K miles, Ploneers
June Fl, lSi7, W. r.
After travelling ON tho banks of the
river a mile beyond the rock we ford
cd over, the water being nearly three
feet deep In the channel We then con-
tnued "A southwest course "a miles
further and arrived opposite Devils
Gate, which lies a little 10 the west
OF the road, aud quarter OF n mil.
beyond this the road passes between
two high ridges OF granite. leaving a
surface of about two rods OF level
ground on each side OF the road, which
then bends 20 the west and soon passes
over small creek We proceeded on
q little further and at 6:S5 o'clock p. m.
formed our encampment on the hanks
OF the river, having Travelled this after
noon az miles and during the day l5I4
miles The feed here is good and
plentiful
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-06-21
IN FROM CoRTEz.
b. +. Kelly Developing Property
Near an Old Producer

B. f. Kelly, who is well known to
the mining fraternity of this city, re-
turned this morning from a trip to
the Cortez mining district In Eureka
county, New. where he has been Ia
charge of the development of a group
of mining claims situated adjoining
the old Cortez mine, from which two
or three million dollars worth of ore
is said to have been extracted in the
past. The Cortez mine was operated
III the early SOS, and at one time was
quite a noted silver-lead producer The
property is still being worked and is
owned by the Winburn estate. MIR. KEEL
ly has been out of the city for about
three months and expects to return TO
Cortez again IN about 10 days The
property being developed under his d.
iection is believed 10 contain an extern
sion of some of the veins opened In the
adjoining mine and this is what Mr..
Kelly is driving for. There are about
20 miles of underground workings in
the Gortez mine.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-06-21
MAYBERRY AT WHITE ALPS.
Looks Over Bround and Makes Rec
concentrations.

News comes from the Rosebud. Ne
vada district to the effect that Andrew
p Maberry, superintendent of the Rich
mond- Eureka mines of the United
States Smelling. Refining & Mining
company. has been making an inspec-
ton of the White Alps mine.
Mr.. Mayberry was commissioned by
the directorate OF the company to make
this investigation to determine on the
course for future development. After
going over the situation carefully. Mr..
Mayberry recommended that the pres
Ont shaft be continued to depth OF so
feet add tina, tunnel be driven under
the shaft. cutting the later at the point
stated, After connection is made with
the shaft. the cross-cut tunnel will be
continued into White Alps mountain, in
which manner great depth can be at
tanned There are six well defined and
ore bearing lodges outcropping which
this tunnel will cut.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-06-21
MINING CONGRESS CALL.
Neat Meeting VIII be Held at Joplin
In November.

Denver colo, June 2l,-The tenth
annual session OF the American Min
ing congress. TO take place at Joplin,
No, November II TO l6. was Officially
called yesterday by James T.. Call
breath. Jr, of Denver, secretary OF the
organization,
According 10 arrangements II win
he the biggest meeting OF mining men
ever held. The president of the
United States has been asked 10 ap-
point 10 delegates at large TO take
part In the convention. rulers OF for
and governors OF states and territOr-
les VIII each be asked 10 select 10
delegates, while mayors OF cities ana
towns, boards OF trade chambers OF
commerce. mining bureaus ana ex-
changes, mining organizations and
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-06-21
uNLIsTTps ACTIVE.
Ohio Copper Advanced - Cents Dur
iug Forenoon Calls

There was some active trading on
the open board OF tho mining exchange
today. In fact, The bulk Of the trading
was done there and several of the I'M
listed stocks We're conspicuous Not
ably among them was Ohio copper,
which started OIL with a sale at A.i5.
then al 81 80. next at $3.50 and finally
wound up with several hundred shares
changing hands at $500. ohio Ken
lucky WAS wanted but the best bid
made for II was N.55. The stock was
offered NJ - So Mason Valley sold
at si,75 ana Emma copper, In less than
n board lot. was taken an lSia cents.
The Columbus stocks OF Mia woro ia
fno form and closed higher. There was
some trading IN Uncle Sam Consolidat-
ed az G. ana Sc cents. while Seven
Troughs dropped TO 81 cents. Victor
Consolidated opened with n sale at 1874
and closed on transfer at 1914 cents,
The closing quotations and sales
we're;
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-06-21
CoMsToCK.

tons from San Francisco on Nevada
stocks today
CoMsToCK.
ophir, l.75a1.s5: Mexican, A bid;
Gould Se Curry. II asked con. Va, Ga
51 bid; Yellow Jacket, IS bid; Belcher,
Pages; Sierra Nevada. 81 bid; Elk
chequer, 81 bid; Union 25G2G
roNoPAH
Tonopah Nevada. 151s asked Mon
tana Tonopah, 2.95 bid; Tonopah Ex-
tension. ! So asked; MacNamara, 2s9
81; Midway, l.22lsQDl .27ls; Tonopah
Belmont, 3.I0d3.1 10; Tonopah North
Star, % bid; Ohio rouopah. 2 bid; West
End Cons, 90 bid; RESCUE 1fqlS: Tono-
pah Sc California, 547; Golden Anchor.
20I2l; Jim Butler, 94M95; Cash Boy,
bid Home, 5GT; Boston Tonopah. IL
Ql2; Monarch Pitts Extn., 10 bid;
Montana Midway ENtn., 4q5; Golden
Crown, sQl0.
GOLDFIELD.
Sandstone, 40G42; Red Top, 800 ask
ed; Col. Mt. 37@3s; Jumbo, $50 asked:
Jumbo Ext. l.90p2.00; Vernal, 20 ask
ed; Pennsylvania, asked; Goldfeld
Min. Co., loo bid; Kendall. % bid
Booth, a9d35; Blue Bull, 24G26 Adams.
sa1O; Silver Pick. 50G51; May queen.
10 bid: Nevada BOY, cas- Black Butte
Ext. f4S; Blue Bell, l2S914; Dixie Ga
/; Goldfleld Columbia. bid; Hibernia,
5G6: st. Ives. 1894; Conqueror. 10611;
Black Rock, 465; Lone Star. l7fn1S: G.
Wonder, 2Ms; Potlatch, 80 asked: ORC.
1920: Kendall Ext, 2IS; Sandstone
Ext. 4Gl5 Mayne, 7GDS. Atlanta, 42a4s:
Great Bend. 5Sa5i: Simmerone. 10
bid; Empire. solo: Red Top Ext,
Ella %: Florence. 3.SO@3.90: Dia-
mondheld b. r. Con. 2262s: Gold
field Daisy. 1.221 q 1.25: Laguna. 100
dl.2b. Commonwealth rs bid: Conn
bination Fraction. 2,g2la a 2.97 u:
Great Bend Ext. f0ml1; Great Bend
AnneN o bid. Midtown. 30 asked: E.
d. Bonanza, 5G6; Kewanos. so bid
Esmeralda. 10 bid Portland. is bid;
Crackerjack, E bid F. Mohawk. 40
G1.2O: Red Hills. 3sD39; Mohawk
Ext. o: l.. Dillon, 9m10: Y. IT.
ger. 14G16: Grandma. 1OG IL; S. p.
Ext. A 8; Y. Rose. asked; Colo
Mountain. Ext, asked: Goldfield
Con. 6.$5 a 6.37ls Diamondfeld Tri-
angle, 1s62o.
BUILFROG.
Original, sa0: Bullfrog Mining. 15@
II; Mont. Bulltrog. 3Gr4; National
Bank. 2ld2$; L. Harris. 2ds: Anne
thyst. 26q27. Gold Bar, 56@61; Stein
way, bid; Denver Bullfrog Annex.
10 asked Bonnie Glare, 53d55; May
flower Cons. 34d35: Montgy. Sho. Ext,
76S c. Scepter, 106il; Montgy. Mt,
14a15; B, Damondheld bid; Home
stake Cons, S2Gs4; Y. Girl, 647; Mug
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-06-21
TRAVEL TO EUROPE.

New York June 2l.-six transatlantic
steamships sailed yesterday each taking
ont their full quota of passengers, In all
nearly 1000 passengers departed. The tide
of outgoing travel has almost reached it's
food. A large crowd Us booked for to-
morrow. when a feet of passenger carriers
will start for the other side.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-06-21
10000 ACRES OF LAND

no be opened for settlement at Al
berta Idaho (near Shoshnne) under
Carey Act, June 2ith. Excursions via
Oregon Short Line, Tickets on sale
June goth TO 2srd, inclusive limited TO
June sOth, See agents for rates and
particulars
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-06-21
UNLISTED STOCKS.
REGULAR CALL.


Uncle Sam Con.-20O at SO, $500
at 6S.
Ingot-1,OOo at 7.
Iron Blossom-5O0 at so, seller 60.
New York--15O at 10.
So Columbus Con. loo at 2.l2 Y.
Seven Troughs--10O at 60; 600 at
so.
Victor Con.--2.OOO at 1914; $500
at IS
Yankee Con.--50O at 90.
OPEN BOARD.
Butler Liberal--500 at 101h.
Columbus Con.--l00 at 545.
from Blossom--4o0 at so.
Lead King 400 at is.
Little Chief--500 at ~.
Lower Mammoth--l00 at 2.37iA.
Nevada Hllls-50 at 500,
South Columbus Con.--1 200 at
2.15; 100 at 2.20.
Sioux Con.--1 5000 at AZ
Seven Troughs--100 at So; 500 at
81.
Uncle Sam--SOo at 81; /. 900 ut S.
Victor Com, 500 at Is; 200 at
1879.
RECAPITULATGoN.
Shares. Value.
Regular Call .,-. $50 3,S00.50
open board. ..... 1850 15.S97b0
---------------
Forenoon totals. g.. 2i.S00 $19.69700
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-06-21

scientific societies win be asked to APP
point two delegates each to take part
In the session.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-06-21

e. NJ. WEST & CO., stock brokers,
d. It. Walker Blk. Both phones Of
flee and residence
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-06-21

GEO. @. CANNON ASSOCIATION,
BROKERS. "a e. So. Temple. Both
phones 80.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-06-21
OLD EMMA MINE.

Cannon & Cannon, Mining Stock, Brok-
ers. Is L, So. TEN. Ind Tel 27sl: Bell 2Isl
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-06-21
Bird-Cowan Co.

Custom Assayers and Chemists. 100
South West Temple st.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-06-21

UNION ASSAY OFFICE.
NJ s.. Hanauer. ]. " Sadler.
1852 So West Temple. p, o. box 1446,
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-06-21
get sas; Tramp cons, ssasa, victor
XHyfO
" MANHATTAN.

SmIV.
MANHATTAN.
Nah. Cons. so asked: MANN. Min. Cos
5ae: c. wedge. 5G6; s. Humphrey, $40
S: Dexter. l2dl5: L. Joe, las, Crescent.
asked; Combination, 9 bid. Granny, %
bid: Mustang, g1G22; Little Grey, ls
bid: Cow Boy. 2M4; ong Manu-. ll@ls:
Broncho. TdS; Pincnut. 7Gis; Buffalo, =
bid: $. DOG, 11G1S Y. Horse, 4@5; Ind.
Camp bid; Standard. asked
OTHER DISTRICTS.
Falrvlew ST. King, 10 asked; Fair
view Eagle. so asked; Nevada Hills, $50
alg0: Plttsburg Sih Peak l.45 bid
North Stnr Wonder 6 asked: Eagles
Nest, 20 bid Ruby Wonder Us bid
Alice OF Wonder 3G6
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-06-21

a. S. CAMPBELL.
Stock Broker. 2is d. +. Walker Block.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-06-21
SAN FRANCISCO MARKETS.

James A. Pollock & Co, bankers and
brokers, furnish the following quota
tons from San Francisco on Nevada
stocks today
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-06-21

i. Il. Snow s Co.. Stock Brokers.
20 Commercial Blk. Both Phones 1873
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-06-21
GEO. M. CANNON CO.

Real Estate and Commercial
Stocks and Bonds. We desire your
orders for anything In our line.
Rooms 5ls-51s Templeton Bldg.
Phone Bell 81.
Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1907-06-21

ophir, 1.75Q1 SO: Mexican, "A bid;
Gould Ss Curry II asked; con. Va, Ga
@65; Savage 5000; Hale & Norcross
81 bid: Yellow Jacket, IS bid; Belcher
Pages; Sierra Nevada. 81 bid ES
chequer 81 bid; Union 25G27,
The Alaska prospector., 1907-01-17

SrocheTog@g2d S a 0r2cy China
 Ts Complete
The Alaska prospector., 1907-01-17

For rich table wines call at the Buffet.
 Finest Chocolates and Bon Bons always fresh and lowest in price 2t the Owl Drug Store
 Prescribed by doctors for inva- lids and Buffalo Ljthia Mineral Water Spring No, 2 By the bottle at the Buffet.
 Received by 9aratoaa-aope. Hsnd slods Canvas for Tarps, "aiding for Dog Haraoe. and Tarred Felt C. C. F dogh.
 The Lntes, Thing in Wa;sts- silk and Wool, at the Ladies' Ba- zaar
 4 southbound stage from Fair banks left Gulk"oa this morning. and lhe stage which iei. here Mon day with full load oi passengers also passed that place today.
 1907 Diaries at the Owl Drug Store
The Alaska prospector., 1907-01-17


 Prescriptions promptly filled at reasonable prices at the Red Cross Drug Co.
 Schyamsbcrg's wines indicate Quality. CIar"t, Burgundy, Zinfan- dejAIIock Rjesling at the Buffet
 The prices are always lowest and the quality best at the Owl Drug Store.
 From Turkey in the hay to Fur key on the plates at the Horse shoe Grill.
 Just Reccivcd-Turpentine, Shel- lac, Elastic Varnish, Hard Oil Finish, Black Asphaltum varnish, Kelsominc Brushes, Kclsominc powder package, Six inch Chicago Butts, at C. C. Budolph's.
The Alaska prospector., 1907-01-17

Bofto" indicates Quality.
 From soup to nuts at the Horse shoe Grill,
 Perfect Prescription Precision md ,Fromplu,a$ our motto. Owl Drug Store
 v. B. A. Co. received 2 large con 7,gnment q. double compressed Eastern Washing oo Timothy hay "a the Pcnnaylyania,
 Ray Brumbtogh and wife. A. J. Johnson and Lro.her and Charles l.vaDa were arrivals on the Orr stage yesterday
 Cas&ilc soap is good for the skin tneac anarpv days Get 1t at the Owl Drug Store
 Valdez Gold Storage Whole sa.e Retail Distributing Agents for Morgan Oyster Cd
 George E-tor)y wj,l he an arrival uA tho -ag.,o-a o.jh large out- lu oj hydraulic sapDIos for iuc Njzina.
 Do]ph Smi.b and wife and c. L. tioyt ot the Gujh&na roadhoueo, rc n town securing supplies for the winter business.
 A Lacey, the veteran surveyor of .ajs coast, is in this city recover ing iron. the effects ot six weeks illness, during which hr was con- fined e the hospital at Eliamar.
 New and Second Tand-Any- thing and Everything at AdIer's.
 Hunts and .CanjweII's views of Valdez and vicinity make beauti- tut presents. We are sole agenrs. Rod Cross Drug Co.
 Bokcr's Pocket Knives are noted for their keen, razor edge. Red Cross Drug Co.
 Modern Patented Sprinkler top can containing tho very finest tented taIcum powder at the Owl Drug Store. Remember the name By.io.
The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1907-10-02
NOVEL SCHEME FOR DEBATES
CHAMPIONSHIP CT SCHOOLS MAY
BE SETTLED BY ONE BIG
MEETING.

A a meeting OF the Whitman col
lege debate council held yesterday, it
was decided to enter with Willamette
and Pacific universities, a triangular
league, if those schools can be per-
Suaded to do so.
By this plan, Whitman will debate
both schools the same night. or. diff
ferent sides of the same question. In
this manner, the other schools also de-
batting both sides the same night, the
championship of the TIN ee colleges will
be decided a the same time.
Manager Stone was instructed by
the council to look in,o the matter at
once and if possible to arrange the
debates TO take place before Christ
mas. In this case the Inter society
debate will come off about the mid
die of November.
The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1907-10-02
HOT RACE FOR
CHAMPIONSHIP
Detroit and Philadelphia are
Neck and Neck

CHICAGO, Oct. 2.-Detroit and Pail
adelphia are still neck and neck in the
American league race for the pennant
with the tigers leading by seven points.
Each team won it's game yesterday.
Philadelphia shutting out Cleveland
and Detroit beating Washington. Each
team has six more games before the
season closes and the result is in doubt
with Detroit as favoTite. The tigers
have three more games with Washing
totn and three with st. Louis. Phila-
delphia has two more games at home
with Cleveland and four with Wash
ingtons at Washington. Washington
has been easy for both teams to date
but Cleveland il always a struggle.
The final series Cf next week will tell
the story. Chicago was defeated by
New York yesterday and is seven
games behind the leaders and has prac-
tically no chance to win.
The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1907-10-02
NEW DEPARTMENT
FOR WHITMAN
PROF. DUNMORE ADDED TO FAC
UlTY AND WILL TEACH EN-
CHEERING.

Professor Dunmore is the latest ad-
dltion to the Whitman college faculty
and he will have charge of the new de-
partment which has just been added to
The school, that of engineering.
While this year there will be little
done in the higher lines of engineering,
The rudiments of the work will be TAX
en- up and the way prepared for the
opening of the department in good
shape next year.
This will mean a great deal to
Whitman college. For years she has
oeen handicapped by the lack OF a
PRACTICAL department. Many students
tAlnk they have not the time to take
an academic course and then take
Ihelr technical work afterward, hence
"4e engineering schools get the stu
0ehtS. But with the addition OF this
department. to Whitman it will, with
Is double facilities. be In a great deal
better position to give students what
Uey want than any other school on
the coast.
The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1907-10-02
WILL CONSTRUCT
ELECTRIC ROAD
FRANCHISE is GRANTED BUT TOO
LATE TO GET TO GROUNDS
THIS YEAR.

There will be no effort made to
complete the proposed extention of the
electric line to the fair grounds" said
c. L. hitney last evening. THE coun-
ell has granted the franchise, and ar
rangements will be made to complete
the Lire during the early summer next
year. %
While Mr.. Whitney did not refer to
a certain article published yesterday
in one of the city papers in which he
was quoted as saying that the road
would be completed this year, he
seemed positive in his statement last
evening to the effect that it would be
i'm mpossibie to complete the road in
time for the county fair this fall.
Continuing, Mr.. Whitney said: Had
the matter been placed bsfore the city
council six weeks ago, there would
have been but very little trouble ex-
perienced in completing the electric
road in time to reach the grounds dur
ing the county fair. The residents liv-
ing along the proposed route are very
generous. and many of them have
offered their services for practically
nothing"
The franchise was granted to c. L.
Whitney, W. A. Ritz. NJ. Toner. A. C.
Van De Water and NJ. Mcdonald. The
sum of $1,000 as good faith was de-
posted by the grantees with the city.
The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1907-10-02
SOUVENIRS OF BALL TEAM
MANAGER SCHMIDT HAS SPECIAL
FEATURE TO STIMULATE
INTEREST.

To stimulate attendance at the foot
ball games this fall, Manager Schmidt
has evolved a scheme whereby he will
materially bring up the financial end
of the game.
owing to the heavy schedule this
year, the price of the games will be
Iais5d somewhat in order to meet the
heavy expenses Schmidt has decided
to send 10000 folders throughout the
country which will be good for 25
cents at the gate.
These folders will be souvenirs of
the football season as well. They will
contain pictures of the members of the
team a;.d the schedule, besides other
interesting MATERIAL concerning the
same. such as the elementary rules and
this years changes. The folder is to
Der Of the team will have a page and
esch same Will be dedicated to some
particular member of the team. Adver-
tisiug from local merchants will be
carried on the folders and they will be
distributed throughout the town and
the reighboring country. They will be
eagerly sought for and kept as they
will be worth 25 cents to the holder at
the gate.
BY sending these throughout the
country, Manager Schmidt believes he
can get the attendance on the games
TO, higher point than ever before.
While he exIiects to make nothing out
Cf the folders, and will sell the space
for practically the expense of putting
them out, he hopes to realize enough
on the extra gate receipts to pay him
for his trouble
The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1907-10-02
MONEY MARKET
IS IMPROVING
LESS ANXIETY IN FINANCIAL
CENTERS AND RATES ARE
EASING.

Gradually, but'surely. the money sit
uatiop is improving. This is not only
London, and Paris. the continuous IL
quidation of the last three months now
showing beneficial results. There is
less anxiety at financial centers, and
money rates in consequence show a
perceptibe easing. At New York the
banks are beginning to strengthen
their position; so, too, are the great
banks of Europe. Speculation is at a
minimum and, the absorption of cap
ital for new enterprises having re-
ceived decided check, there is a slow
but surer basis for restoration of cred
it, says Henry Clews.
In this market call money rules at
low rates; and time money from to
per cent for so and 80 days. CONNER
/
but this high rate is partly cautionary.
and is the result of the disposition of
bankers to apply some restraint upon
commercial transactions corresponding
to that which has already been i'm
posed upon he financial markets. The
high rates for commercial paper are
unquestionably causing some incon-
venience in business circles, and it is
not without significance that mercan-
tile failures are on the increase. This
however, is to be expected and does
not reflect any general unsoundness,
but rather a wedding out of concerns
which have been weakened by over
trading or o.her unsound methods.
The complete restoration of conf
dence will no doubt require further
interval of repose and contraction.
While there have been no important
failures as result of the enormous
liquidation in securities, it is true that
heavy losses have been sustained in
some quarters and that on account of
concerns which have been saved from
collapse more or less further gradual
liquidation will have to be endured.
This applies not only to New York.
but also to other important financial
centers. including London and Berlin.
and as the worlds money markets are
now so closely related, it follows that
confidence cannot be thoroughly re-
stored until the readjustmen, has been
more complete at each of these vari-
Gus points.