davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-22

gether. In New York the reserve deficit
which at one time was nearly 10000, 600
has been cut down to approximately $780,
100000. Deposits are increasing, and the
ing out again and finding their way back
into circulation.
More is being heard daily and hourly of
prospective decreased dividends in the
industrials. Already arrangements are
getting themselves in shape to explain
why those attractive SURPRISES and re-
serves are not in cash or quick assets.
So long as the markets were on the rise
and everything. was lovely these book
keeping attractions were very useful to
buoy up the hopes Of stockholders and
to attract investors. Now that the time
has arrived when stockholders want their
dividends kept up, the arrangements find
it impossible to convert these lovely book
keeping decorations into bank balances
available for dividend distribution. Hence
the necessity for explaining that much OF
the capital represented in SURPRISES and
reserves has gone into betterments. i'm
provements, plants, etc. The necessity of
such disclosures is most humiliating. The
process of housekeeping and reconstruc-
ton could not we'll be complete, however.
without 1t.
X
FlOiu w COillcS pdIdSIdpu
gossip. by grapevine telegraph, that
President Roosevelt has admitted that
governmental inquiry revealed the steel
trust to be as big lawbreaker as any
Of the other combinations. but that it be-
ing a good trust and laudably admin
istered In most respects 1t would not be
interefered with or harassed. In other
words. that the executive puts the great
iron and steel combine on the right side
of the line instead Of on the wrong side.
BY means of its ownership Of several
thousand miles of railroad. the steel trust
has always been enabled to get rates bet
ter than were obtainable by competitors.
This is the method adopted by John r.
Walsh, the Chicago banker. in his man
agement. Of the famous Bedford stone
quarries of Indiana, an investment, by
the way. which gave him his start to-
ward the portals of the penitentiary-
which portals he is now skirting.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-22
NEW YORK DRY GOODS.

NEW YORK, December 21-The dry
goods market was seasonably quiet.
more requests for the shipment of de-
layed goods are coming forward. Mer-
chants and manufacturers are working
In harmony to bring about a curtail-
ment OF production in order to protect
the trade from the dangers of demoral-
lzeu values while such a volume of
conditions are so complicated.
imports of merchandise and dry goods
at the port of New York for the week
$9,50S,26 o.
Imports of specie for the port NJ New
YORK for the week ending today were
$21e.O3I silver and $5.7l2,241 gold.
Exports of specie from the port Of
new lork Tor the week ending today
were $S11,S12 silver and SO. 600 gold.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-22
MANCHESTER CLOTH MARKET

MANCHESTER, December 2f.-Busi.
ness, as Is usual near the end of the
year. on the cloth market shrunk IA
small proportions during the past week
and although Indian inquiries were on
fairly large scale sellers were unable
to make concessions to meet the low
offers. while the continued decline in
the price Of silver makes 1t unlikely
that business Of any size will transpire
with China in the near future. The
business transacted comprised shirtinss
CLOTHS FOR the Levant and miscellaneous
goods for South America at about the
late rates.
Yarns did not move freely, even at a
REDUCTION Of Is. American cops met a
fair trade, but otherwise business was
SLOW
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-22
THE oLIPHANT MURDER.
Body Of the Murderer Taken to Sa.
vannah for Burial.

NEW YORK, December 21.-An uncle of
DR.. C. A. Geiger of Beaufort, S. c., the
slayer of Broker James H. Oliphant, had
the body Of the suicide removed from the
morgue and placed on board train to-
night for Savannah. Ca, where funeral
services will take place next week. The
funeral services for James II. Oiiphant
will be held Monday at the family res
idence In Brooklyn.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-22

NEW YORK. December a'.-The
metal market was nominally unchanged.
with tin firm at 26.sOa2725. Copper was
quiet at 13.12ha1325 for lakes: 1S.ooa
I3I2E for electrolytic. and 12.I3af?sIh
for casting. Lead was dull at 3.3ja345.
and speiter was easy at 4.10a4.:o. Iron
was quiet and unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-22
THE FOREIGN MARKETS.

LONDON, December 21.-The stock ex-
change has been comparatively idle and
almost without feature during the past
week. This has been due to the indisposi-
ton to engage in fresh ventures prior to
the holidays. Moderate investment buy
ing served to put first-class securities
fractionally higher on the week. but the
quotations. on speculative issues were
barely maintained.
In the foreign section, Argentine rail-
roads attracted the most attention on the
idea that the splendid crops in that coun-
try would considerably Increase the earn
ing power of the roads, but Peruvian cor
poration declined sharply on the fear
that fresh capital would be required. Dia-
mond shares weakened with De Beers
which was particularly fiat on the pass
ing of the deferred dividend because OF
the reduced sales of diamonds
In American shares the market has been
quite professional, with a movement of a
see-saw character which resulted in an
advance of about one point on the week
Outsiders held aloof because of the unset
tied monetary outlook and the trade de-
preston, which more than offset the few
satisfactory dividend announcements and
the optimistic reports published in various
quarters. Today, however. prices went a
fraction over parity and closed firm In an
ticipation of good bank statement In
New York.
Money supplies are gradually shrinking
with the increased year-end requirements.
and discounts continued to be firm, owing
to the continued gold requirements OF
America and the absence Of any immedi-
ate Improvement of the situation In the
United States. AS was expected. the Bank
of England made no change in its rate of
discount, which, it is anticipated. will re-
main at per cent SO long as the strfn-
gency in Germany and America lasts.
BERLIN, December 21.-Prices on the
bourse today were firm, but business was
light. Americans were higher.
PARIS, December 21.-Trading on the
bourse today was firm.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-22
Dull and Dragging Conditions
Marked Weeks End.
NO PRESSURE ON MARKET
Few Extensive Commitments on the
Long Side.
SOME TEMERITY FELT YET
Much Satisfaction Manifested Over
Substantial Repair in Bank Posi-
ton Revealed by Statement.

NEW YORK, December 21.-There was
a dull and dragging market for stocks to-
day. as has come to be the rule on a Sat
urday since the rule went into force to
postpone the publication of the bank
statement until after the close of the
stock exchange session. The good i'm
preston from yesterdays advance in
prices remained and there was no severe
pressure on the market. Loans made
on Friday carry over until Monday. so
that there is no direct pressure on bor-
rowers on Saturday. There was little dis
position, however. to make extensive
commitments on the long side in the face
of the year-end settlements in the money
market. "a
The routine operations are large in
themselves and anxiety is felt over the
continued apathy Of the demand for mer-
camille paper. The impaired position of
the banks with the still existing deficit in
the legal reserve requirement and the
large volume of outstanding clearing
house certificates add to the delicacy Of
the situation. Besides these considera-
tions there are some large requirements
to be met, including payments on January
/ for large instailments of subscriptions
for Northern Pacific and New York. New
Haven and Hartford new stock.
In the longer prospect are recurring ma
TURTLES of the large issues O.; short term
notes which were issued on a large scale
during the past year by many railroad
and Industrial corporations The sub
stantial repair in the banking position
revealed by the weekly bank statement
was viewed with solid satisfaction.
Generous Cash Increase.
The generous increase in the cash hold
ing was larger than foreshadowed by
the known movements of money and the
scaling down of loans proved large. Liqui-
dation in the stock market has played
its part In the showing of this item, and
the return of advances made to the trust
companies during the period Of the strain
has affected both the loan and cash items.
The condition of the government
finances is attracting increasing atten-
tion. Owing to the heavy decline in the
revenues during the two months past
there Is growing expectation Of a call on
the banks for a return OF portion of
the government deposits held by the
banks. There was some proht-taktng in
the late stock market, and the closing
tone was irregular.
Bonds were steady. Total sales, par
value, $1.684. 900.
United States bonds were unchanged
on call during the week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-22
SOME RULES
NOT FOR FOOLS

SPECULATION AS A FINE ART.r
An instructive pamphlet. showing why you have
lost money IN stock speoulatien; also gives yeu 4
few rules that If intelligently Relieved preclude
Gisaster and render suocess moro than possible
AGED AND DIRECTED ACCORDING 70
w. II. PADDOCK, stock Specialist.
Suite o. 20S Broadway New York.
de22&Gj.2t-lS
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-22
North Dakota Bank suspends.

BOTTINEAU. N. D., December 21.-
The Dunsieth State Bank closed it's
doors yesterday for want Of cash.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-22
New York Mining Stocks.
Washington Stock Exchange.

ton Rwy. aud Elec. As. 81 600 at 72s. 81, 600 at
72X. $1,000 at T2X, 5000 at TN.
washington Rwy. and Eiec pfd.. 10 at SO,
10 at IS. 20 at 627i. 10 at 63. so at IS.
Mergenthaler Linotype. 10 at 18TH.
After cali-Washington Rwy. and Flee. A.
500 at 20, $500 at IS. $1,000 at 72s. 81 900
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-22
FINANCE AND TRADE IN
MARKETS OF THE WORLD

Deputy Bank Examiner Peyton says
that in time the depositors will be paid
in full
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-22
THE GRAIN MARKETS.

| CHICAGO, December 21.-Wheat prices
on the local exchange advanced more than
L cent per bushel today. because of add-
tional rains in Argentina. but practically
| all or the gain was lost on weekend
proht-taking. At the c.ose the May deliv-
cry was unchanged compared with yester-
DAY S f1nal quotations. Corn was off 3sa y.
Oats were Is lower. Provisions were The
higher.
Higher prices at all European grain
markets. due to continued wet weather in
Argentina. induced lively buying of wheat
In the local market at the opening. Of
ferings in the pit during the first hour
were again meager. and prices advanced
rapidly. Indications of falling of in the
movement in the northwest helped to
stimulate bullish enthusiasm
Late in the day offerings became more
| liberal small holders being disposed to
take profits. Nearly all of the early gain
was lost as a result of this selling. The
market closed steady. May opened Ia
q to HAS higher, at 1O6A to 1.07. ad-
vanced to 1.07s. and then declined to
1.O5A The. close was at 1.O6ssa1. 061s.
Clearances of wheat and -four today were
equal to $4,000 bushels. Primary re-
ceipts were 5S4. 600. compared with $50 900
bushels the corresponding day year ago
Minneapolis Duluth and Chicago reported
receipts of 391 cars. against $50 cars last
week, and 413 cars a year ago.
The corn market was weak all day. not
withstandins higher cables and the bulge
| in wheat. The market was bearishly in
f1uenced by talk of a material increase in
| receipts, and by the government report.
which showed total yield of 1852, 1000
bushels. The close was weak. May
| opened "a to Aaas lower. at IS to 5saa
$50, sold at 5sA. and then declined to
5IS. The close was at 57N. Local re-
ceipts were 296 cars. with II of contract
grade.
Oats were firm at the start, owing to
the strength of wheat. but weakened on
selling by cash houses and elevator inter-
ests. May opened u higher, at 541e sold
off to 53A. where it closed. Local re-
ceipts were 21S cars
Provisions were strong owing to an
advance of 10 to Is cents in the price
of live hogs. At the close May pork
was up 7h. at 1927. Lard and ribs
were also up ~, at 1924 and 7.12h.
respectively.
Estimated receipts for Monday
Wheat. "a cars; corn, 26s cars; oats. 301
cars; hogs, $4,000 head.
ST. LOUIS. December 31-close:
Wheat, No. 9 red, cash. 1.02A; No; 2
hard, 1.01a1.O4; May, 1.O5 y a1.00 u !;
Corn-No. 2, cash. 54a54h: May. 55ka
55ss; July. 80 u No. white. a5a55A.
Oats-No. =, cash. 80; May. 81 "a; No. 2
| white, 81.
MILWAUKEE,. Wis. December FL
Wheat-No. northern, 1.11a1.12: No. 2
northern. Local .1Oh: May, LOG Il al LOG y.
Rye-No. I, SOY aSl.
! Oats-Standard, 52a52h.
Corn-No. 3. cash. 55ha6o; May, 57%
asked.
DULUTH, Mimi, December 21.-
Wheat. No. / hard, 1904: No. north
ern 1OSA No . northern 1.052: De-
cember, LOG; May, LIS.
| CINCINNATI. December 21.--Hogs-
Active, cents higher; butchers and
shippers. 4.75a4.S0; common, 3.5OaA.5O
Cattle-Quiet; fair to medium ship
| pers, 4.6Ja5.10; common, 2.0Oa2.f5.
Sheep-Dull and lower. 2.00a4.25;
lambs, dull and lower, 4.o0a6:2J.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-22

MILWAUKEE,. Wis. December 21-
Wheat-No. northern, 1.11a1.12: No. .
northern. Local. 1Os May, LOG Il al 06 y e.
Rye-No. l, S0h aS1.
Oats-Standard 52a52h.
Corn-No. 3. cash, 55saeo; May, 57N
asked
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-22

CINCINNATI, December o1.--Hogs-
Active, cents higher: butchers and
shippers. 4.75a4.SO; common. 3.50aA.50
Cattle-Quiet; fair to medium ship
pers, 4.6Ja5.10; common, 2.0Oa2.t5.
Sheep-Dull and lower, 2.00a4.2S;
lambs, dull and lower, 4.00a6:2J.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-22

DULUTH Mimi, December 21.-
Wheat, No. / hard, 1.O9al; No. I north
ern, 1.OSA: No. .. northern. 1.05&; De-
cember, LOG; May. Liz.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1907-12-22

ST. LOUIS, December 21.-Close:
Wheat, No. red, cash, 1.02K; No. .
hard, 1.o1a1.O4; May, 1.O5 y a1.05h;
July. 06h.
Corn-No. 2. cash. 54a54h: May. SO "a
555s July, 55H No. . white, h5a55A.
Oats-No. ., cash, 80; May, 81 q; No.
white, "a.
The Owosso times. (Owosso, Mich.) 1897-1926, 1907-06-21

laws Of European countries, the presi-
dent emphasized his well known views
In favor of tue graduated income and
inheritance taxes to compel the big
fortunes to bear their share and to
limit their SIZE This, he said, could
not be in any way q tax on thrift or
Industry, but, on the other hand, 1t
offered one method for preserving "a
measurable equality of opportunity
fop the coming generation. Neverthe..
less he hoped that our 'superbly self
reliant individualism" would never be
exchanged for a ''deadening socialism,"
Day Assails the President.
In his baccalaureate sermon at SYRIA
cuse university Chancellor Day charg-
ed that the courts, congress and legis-
latures had been overridden by the
Roosevelt administration, saying that
the lines between the different depart
ments Of the government were fast
disappearing under an autocracy las
tyrannical and supreme as the world
has ever known" The constitution has
become "mere elastic band to hold
the states in compact at the adjusting
will Of the chief executive" The same
sort of criticism Day applied to New
York state in its recent enactment of
The public utilities law at the behest
of Governor Hughes. And ours Is
government by commissions" remark
ed the chancellor sarcastically. He re-
ferred to the recent shrinkage ofVsix
billions in values as warning.
Railroads Oppose Two Cent Rate.
The representative of eighteen Mis-
souri, railroads has asked the United
States district court at Kansas City to
restrain the state from enforcing the
2 cent passenger rate law and also
from enforcing the live stock rates en-
acted by the last legislature, The new
passenger law was to go into effect
June IA.
Recount Bill Goes Through.
Notwithstanding the mayors veto Of
the bill authorizing a recount of the
New York city mayoralty vote in the
election Of 1905, both branches of the
legislature at Albany repassed the bill
and also adopted supplemental act,
according to the wishes of the govern
or, to overcome the objections of Mayor
Mcclellan by authorizing him to desig-
nate any districts for recounting, the
same to be done at the states expense.
The Owosso times. (Owosso, Mich.) 1897-1926, 1907-06-21
WORK WEAkENs The KIDNEYS
Ooan's Kidney Pills Have Doas
Great Ssrvios for Pebble Who
Work in Owosso.

Most Owosso people work every day
in some strained unnatural position -
bending constantly over desk-riding
on jolting wagons or cars doing labor.
ious homework; lifting, reaching or
pulling, or trying the back in hundred
and one other ways. A these strains
tend to wear, weaken aud iuiure che
kidneys until they fall behind In their
work Of filtering the poisons from the
blood. Doan's Kidney Pills cure sick
kidneys; put new strength in bad backs.
OwOssO cures prove it.
Mrs. William Wilkes, living at 2l3
N. Chapman St., Owosso, Mich. Isays:
Il suffered quite little from kidney
trouble, brought on, no doubt by hard
work. My back ached great deal
and every sudden move caused severe
pains to dart through my loins and
kidneys. If stopped to lift anything,
the pains would ALWAYS be most severe.
/ procured Doan's Kidney Pills aud
felt relieved at the first and before i
completed the contents of one box, |
was cured and up to the present time
have had no return of the trouble
For sale by all Dealers. Price 80
cents. Foster-Milburn Co., Buffalo.
New York. Sole Agents for the United
States.
Remember the name-Doan's-and
take no other.
The Owosso times. (Owosso, Mich.) 1897-1926, 1907-06-21


sions. This the witness tried to ex-
plain on the claim that he was double
crossing the enemies of the miners
federation.
Haywood in a telegram to the an
nual convention of the Western Fed
Grafton of Miners at Denver said that
Orchard was 1.-The greatest liar of the
twentieth century" and that he (Hay-
wood intended to take the stand to re-
flute nim, adding that he would be q
free man inside Of six weeks. The
convention voted to continue its efforts
for the defense funds. On the advice
Of the counsel for the defense, Eugene
V. Debs, the Socialist leader, decided
to remain away from Boise for the
present, .he having been engaged to
represent the Appeal to Reason.
Orchard wept on being questioned
about his alleged change Of heart and
admitted that Netherlands talk about
the practice of giving freedom to GRIM
nals who turned states evidence may
have Influenced him to confess.
Hard Coal Trust Prosecuted.
In the federal circuit court at Phila-
delphia the government filed petition
for an injunction prohibiting the Read
ing, Lehigh Valley, Lackawanna, Jer-
sey Central, Erie and Susquehanna
and Western railroads from continuing
their alleged unlawful combination,
along with their subsidiary coal COM
M <D NIL
supply. In statement issued by the
department Of justice IL was pointed
put that the Pennsylvania, the Ontario
and Western and the Delaware and
Hudson were not made defendants in
this suit because as yet no evidence of
the alleged combination and monopoly
had been found, but should such evil
dence he found I'm the course OF the
trial these roads would be similarly
enjoined.
The petition recltes that the defend
ant railroads control all the means OF
transportation between the mines and
tide water, with the exception Of those
omitted which reach only limited
number Of mines, and that said defend
ants transport II per cent of the an
tbraeite tonnage; that In their own
name or through subsidiary companies
controlled by them they control about
90 per cent OF oil the anthracite de-
,osIts and produce three-fourths Of the
annual supply; that the independent
operators, who produce about 20 per
The Owosso times. (Owosso, Mich.) 1897-1926, 1907-06-21
COMMERCIAL
Milliken Steel Plant Failure.

Milliken Bros, the company operat-
ing the big steel plant on Staten island
which has contracts for the steel work
on the Pennsylvania terminal at New
York, were put into bankruptcy Mon
day on the petition of four creditors,
the liabilities being put at $6,500,O00 Of
which over half were unsecured. The
assets were estimated at $S,000,000,
and the attorney for the company said
the creditors would be paid In full If
they were patient. The business will
go on. The failure is generally regard
ed as the result of too much prosper
ity' in the shape of extensive orders
beyond the capacity Of the plant, con-
tracts on hand amounting to $5,000,000.
Bank Deposits Called In.
The treasury department has issued
call for the return by July 10 OF $780,
000O Of public deposits received by
the national banks since Sept. 81, 1906.
This is expected to maintain the status
Of the money market as the amount re-
called is smaller than that which the
government will pay out July in re-
deeming the per cent bonds which
mature on that date.
Fails to Break Stock Exchange.
The failure Of A. e. Appleyard. a
broker and promoter, was announced
on the Philadelphia stock exchange as
a result Of his effort to illustrate the
virtue of the Lawson recipe for putting
the exchange out of business. He had
dumped about $4,000 shares of United
Gas Improvement stock upon the mar
ket, thus forcing the price down three
points, but the break was not what, he
had predicted. as the traders, being
suspicious. had called upon him for
n deposit Of security or money against
his sales. This was what caused his
failure. If within six months he does
not settle his Indebtedness he will be
expelled from the exchange. and the
proceeds from the sale OF his seat will
be divided among his creditors. 1t will
be recalled that the hero Of Lawson's
story made n fortune by selling stock
short without capital. a plan which
Lawson coutended was perfectly pos
slble under the rules OF the exchange.
He offereG $1,000 TO any one who should
prove that II wasn't possible. Apple
yard was at the time of his plunge I'M
der Indictment for completely In the
,wrecking Vf the German Bank Of Buf.
'nlo.