davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1908-08-12
RAR SILVER PRICE DROPS.
Touches Lorest Point IN FiUe Years
-Tndia Stops Buying.

-. &c commercial bar silver dropped yes
.ar5av 10 SIS. the lowest point II mas 'ouO
.ioa anrl o. 1903 when II sold at the same p'lce
On November %. 1902 commercial oar s"Ne -,
at 464s cents an ounce WHICH -
lowest price on record.
-, zoa,t 7enression in the white metal is said
=, -an informed quarters TO be due to the 1ailfs
ofF in The demand from India The lholah liiii'S nun
.a5 h,,z-inc silver some time ago. OWING 10 'io
- eourre last year but the bazaars continued
- +.la advantage of the declining price anu lOi
- +.,,,a we're the only buyers The buy1ns from
sumo - ~ ,s s+onned now because of large ac-
cuu1ulations, and there is PlA''i'
for silver at the present time
rr-sda conditions in China, which is the next ia's
- 1,,roraser of the white metal are such as 10
ra,-en+ anv substantial demand for II III 1ial oou
-. and owing 10 the business deptessi'li' ~
Government likewise has been coilpiIa ~ =, ,'s
au buver for the last several months For ti'7
same reasons the demand from 'ie d --~
been small ~ 7o.Iar~
T. &, +t,a General opinion, however, among oealeIS
=, b,I1to, and specie that the depression Is oiS
+o,,,rorarv and that conditions Will become ND
+ariaIl,, better with a general reVlVaI III BUSINESS ~
E2erorts from India state thaI Iliis S0 =
have been greatly benefited by rains ana 'iaT %
- ,;+io,s ara that the harvest this year wiz ue
good Good crops in India Will II Is eA 80 -, -
followed by a renewed demand for s'4'ei I'm
-. .,,5 a CONSEQUENT recovery IN price
O+1,ar causas that might lead 10 recovery are are
- -ssaga bv the German Reichstag OF d oi'I
rro,-idtng for the resumption OF s4I'eI Ce
- - ~ the hanks in China have been recent
sellers OF silver exchange Shouio tne &C.
[ - To-r e is estimated that the German gov
ernment would require appro&lina'e' r,ro,,
ounces Of silver annually 10 carry oul its 20 20
ouii-e - oo,,1d not fail TO stimulate the mar
suns ttn, about a decided Improvement In
-7rICe
New-York tribune., 1908-08-12
DELAY RATE INCREASE
Freight 4dUdnce Not To Be Made
for Some Time.

The much heraIded 10 per cent advance in freight
rates by the railroads is likely to be more of a
pleasant dream than present reality. according to
traffic officials of the leading trunk line roads. The
railroads VIII keep up the campaign of education.
with a view to preparing shippers and the general
public for the increase, is not likely that
actual filing OF schedules higher freight tariffs
will be made for q long time.
The opposition which has come from rnanufact-
urers and merchants in all parts of the country
has played leading part in the change OF plan
by the railroads. The bountiful crops which at
present seem assured also have been taken into
consideration. Bumper crops mean heavy traffic for
the railroads. and would no doubt long way
toward encouraging countrywide business revi-
val. which is what the railroad say they
want than an increase In freight tariffs.
There is too. desire the part of the railroads
which belong to the Trunk Line Association 70
await the result OF the complaint filed by the
Texas Railroad Commission against the South
western roads. because Of the advertised increase
in freight rates. These higher rates are scheduled
10 go into effect to-day.
The statement of President McCrea of the Penn
sElvania made few days ago, that there was no
need at present for conference OF shippers and
railroad officials. confirms the view that no imme-
date increase of freight rates is planned by the
railroads. Mt McCrea implied that there was
nothing at present to confer about.
Fred " Upham president of the Illinois Manu-
facturers' Association, made public on Monday in
Chicago the text of letter which he had received
from ". c Brown, the first vtce-president Of the
New York Central, who has been onE of the lead
ing advocates of an advance in freight tariffs. In
the letter Mr.. Brown stated that he no pres
ent need for conference of railroad men and
manufacturers over the subject Of freight rates.
Mr.. Brown added. however, that he did not wish
20 be understood suggesting or intmatns that
the question of a reasonable increase in freight
rates-not sweeping general. but applied TO
classes and commodities where the effect on man
ufacturer. merchant consumer would be slight
had been abandoned indefinitely postponed by
the railroads. Mr. Brown also said that definite
percentage OF increase had yet been deter
mined
The preliminary move of filing the new sched-
1iles with the Interstate Commerce Commission Is
not contemplated for the present. but the actuaI
schedules themselves have not been fully prepared
1t is probable. however. that this work would not
take much time in view of the large amount OF
material accumulated in the last three months OS
the traffic officials of the various railroads.
New-York tribune., 1908-08-12
EXPECTS GOOD BUSINESS,
Journal of Oil, Paint and Drug
Trade Finds Conditions FaUorabIe.

An exceedingly favorable view Of the condition
Of the business field which II covers is taken oy
The Oil. Paint and Drug Reporter in an edito-
rial article appearing in the current issue OF that
weekly The retailers the article says, should
find this year a particularly good one. and adds;
We believe that If a careful canvass could he
taken Of the small distributing trade 1t would
probably show a surprising state or soundness
and prosperity" Continuing, II says:
Now that panicky times have been left behind
and business in the United States has ADAPTED It
last fall # viii not be uninteresting to take
stock of existing conditions 10 % IN the D9Tiens I
TO draw from them certain rational onclusions
future In SO doing We want it known what vs
say is not an expression Of our own opinion but rs
by US from sketches furnished by the heads Of
leading concerns in widely scattered parts OF the
What makes these opinions and the data We
particular value is that the information repre-
sshrS IN esS[y @ eas, - e7 {s egperi
ence agree. even down to the details; or. TO put
If differently the manufacturers and merchants
in response to queries as 70 how they have tndi-
bd1aly aet the me SIR @ 90 Of me r nCien 0i to the
early months Of the year has been nearly, II not
f sl.llga 5ac.i ~ 4I froC m nov. on " nc
The one note Of dissatisfaction is question of
~ the close Of the current year win not fan much
short of the aggregate OF 1907 but the margin at
which il has been done. in many cases, mas been
closer and profits must therefore he cut in proPor-
ton as natural result Of economic conditions
When business al but came n a halt after the
financial disturbance Of last fall It left heavy stocks
Of goods in manufacturers and traders hands,
purchased and contracted for on the natural eX-
recitation that the movement into consumption
would be uninterrupted This did not happen, and
10 the disappointment came the added embarrass-
rneut of financial stringency, which rendered 1t eX
tremeIy difficult 70 obtain money To carry the
goods Merchants forced under these cir
C71ustauces to resort TO every eXpedent. and the
most natural thing 70 do 70 dispose Of their
hurdensome stocks when they could. ana as result
large or1antities came sold at bargain prices.
es+abTfebing thereby 4 low level OF values
IN tba avv170T business
men of this country have much 10 be thankful for.
1They came suddenly upon sharp corner at a
ranid mace and turned II without further mishap
than 1he necessity 10 slow down. and while they
NAV not have accumulated much wealth as in
Tre-fo1rs wears they are he congratulated the
fact that under such adverse circumstances, they
have come out so well
New-York tribune., 1908-08-12
STANDARD OIL PARTY AND SHELTERS.
No Reason to Suppose That Expected Stock
Transfer viii Not Be Made.

Il was announced in The Tribune last week that
stsrdard OIL interests had accumulated 4n"D
sAares of the American Smelling and Rehning
Coupsny and that this amount Of stock which
vss IN the names Of various Wall Street houses,
would be transferred this week 10 persons identi-
Aea with the Standard Oil party.
There Is no reason 10 suppose that this stock
VII not be transferred intimated In uninforTned
quarters yesterday: indeed, one of the largest
brokerage houses IN the financial community IS
ecthortty for the statement that such an opera
non is under way while The Wall Street Jour
ns4 in its issue Of Monday evening said; There
k entirely satisfactory authority for saying that
some 2s,eoo shares Of Smeters viii he transferred
70 Standard oil this week
The GuEgenheims have not held the majority
control of .he smelling company since last fail.
and though they doubtless have Tepurchased some
OF The stock which they sold in the panic days, the
best information leads TO the belief that the Stand
SEd Oh people are the biggest holders. and that
taey vii work in harmony with the Guggenheims.
New-York tribune., 1908-08-12
CHICAGO GRAIN AND PROVISIONS.

Chicago Aug n-Active demand for cash grain
here and at Southwestern markets engendered a
strong closing rally in the local wheat market to-
day, the September delivery closing with a
gain of 7sc Corn closed with a gain OF sc bur
oats weakened and finished the session with a net
loss Of Lc to sec Provisions advanced a shade to
l2I7c to 15c-
The wheat market nervous the greater part
OF the day. but developed decidedly strong tone
close to the top Despite Id decline ar Liverpool
the market firm at the start, owing TO buying
by several Of the leading commission houses. based
haiIstorms in South Dakota yesterday.
Toward the end Of the first hour the market broke
sharply free sales by a prominent long who.
it is claimed. disposed OF approximately 20oo.Oeo
bushels. News from the spring wheat country
conflicting. but advices from the Canadian
Northwest seemed 10 be more bullish- The clos
ing strength was based on an Improvement in the
cash demand not only here. but at Kansas City
and ST Louis September opened shade higher
lac 14c higher. at 93asc 70 sS5sc. sold OF 70
ss1sc and then advanced TO 9sc 70 S4sc- The close
was at 94Ic to 94ssc C1earances OF wheat and -four
equal 10000 bushels. The worlds visible
supply as shown by Bradstreets. increased $4,000
bushels compared with an increase Of nearly 5eoe-
900 bushels a year ago Primary receipts were
s54 coo bushels compared with 1887 600 bushsls
year Minneapolis. Duluth and Chicago re-
ported receipts OF SO cars. against T34 last
week and $50 year ago.
The corn u1arket was Irregular. the September
delivery being strong. owing to congestion and the
distant deliveries being inclined to weakness BE-
cause of additional rains in the corn belt The
strength of September had a steady effect the
distant futures. and prevented any great declines
Light receipts and the small amount OF contract
grade in store were the principal reasons for the
strength OF September. The market closed firm.
although the December and May deliveries had
failed 10 recover all OF the earlier IOss- Septem-
Der opened &c 2sc higher, at Tlzc 20 TIStc sold
at 771sc and then advanced TO ISizc- The close
was az 7slc Loca. receipts were 201 cars. with
IS of contract grade Oats were fairy steady al
day although prices declined a trife, owing 20
oroft taking induced by increased receipts Ins
volume Of trade was small September opened q
sboda lower to a shade higher. at 4Sl4c 20 4sAsc,
sold or 10 47ssc and closed at 4Sc- Local receipts
were 420
Provisions were Arm an advance az the stock
,-ards Rest price g. however. were not maintained.
owing 10 scattered realizing AT -tne close sep
terbsr pork was up 12ac 70 l5c, az SO % 10 80 S
Lard was a shade higher, at S+l13 september
ribs advanced PIC. ar IS sSI1z.
E,s+ir,afed receipts for tomorrow Wheat. i53
oas corn 4 cars; oats, Isl cars hogs 2.0oo head
New-York tribune., 1908-08-12
NEW BANK INQUIRY
HELPS CLARK WILLIAMS.
r:.os District attorneys Office
Probing Pre-Panic Troubles.

..-,sz-,on Of Clark Williams, State Bank
> s,,-e~tntendeut the District Attorneys once
he -. county within the last Few days mas
O .k;nr an investigation into the cohciuons
sn led up to the recent financial troubles ~ ..,e
We r..s and Traders Bank The institution
NeO's1 sly closed Up while David a Sullivan was
Ys.-+ Eve months ago It is now back on It's
pr-s or Monday II will reopen as strictly
80, ~ concern under the presidency OF e1-Ooh-
r5zara II Grout. It viii be known hence
- IS the Union Bank
foIN zr-,1tsr,s IT is understood. did not ask the
NJ -, ~ the District Attorney earlier, as
-ras teine reorganized and the announce
Z = e- investigation at that time would per
- haze been injurious TO the concern NO" Il
.., no. N the highway 10 health
! ,--s,- District Attorney Francis y McCahry
rlsees in charge Of the investigation. and
hsS mined several witnesses as 70 the trans
"a raj nreoeded the closing of the bank.
60. So res learned he VIII lay before the next
NHS. - vzhic1 will have its first session on
e. :, II Is said that ne has discovered sew
& e-gs-,es that viii involve important persons
:. ranking circles
i -. - asked last night u tel what he had been
.-.s5 70 DO by Nj Williams and what he had
r7s - 5,soovered Mr.. McCsffry said:
~ ,s. Williams asked the District Attorneys OF
.-,-aetieate the conditions that led up 10
q . ,snsior of the hank The investigation was
= = st-sc4ad against any particular person 1t does
=, = szs.+ the hank Is II is now organized IN any
~ -here "a no reason for any one interested IN
VS. ,--t,, Bank to be alarmed by the investiga-
= = tr+o the afTairs Of the Mechanics and Trad
= ps,k Nj williams discovered certain trans
- which he thought should be looked into by
:. rss--ict Attorneys Office Of this county
. sf-ca-rv said he had the power OF tracing
NJ. vi County or any other county Of the
m ~ - transaction which had begun in Kings
go but he spoke though he had not founo
!. ,.oesss-v 10 cross the river
New-York tribune., 1908-08-12
THE BOSTON WOOL MARKET.

r,ostor Auz 1.-THE local wool market shows some
Enforcement especially in fleece woods, There Is a
farlv active demand quarter blood with rather
small SUNNY OF Ohio available Manufacturers report
increase In orders this is reflected by fresh contracts
Tor sizeabe sales, transaction
Oregon stape being iSc, occ secured basis
leading quotations range as follows: Do
nestle weos-Ohie and Pennsylvania heecee-AX 32g
93c. Y 31G32c; No washed S4g3Sc. No washed 80
al. fine unUashed 2Id23C 1ne unmerchantabe 2Sd
81. i blood combng 26p27c. . blood conhtng 26g
97c; i blood comhing 25ia fl26c, deaine washed 33d
36c. deaine unwashed. 26q2Ic Mehgsn Wisconsin and
Nsvv neeceR-Ftne unwashsd, 2iu22ci delaine
1,sabad 25d28c. 4 blood unwashed, 2542ec; y blood
Unv.aShsd 25G2so y blood unwashed. 23q24c. Ken
,nclry Indiana ami Missouri blood 214fz7C; blood
a4q2se secured values: Texas Fine. II months 528
- tror, & 10 3 months 4SG4Tc fine fall 42G 43c Cali
Northern 4aa4sc: middle county, SSa42c;
"a. r.ii Il 35aaIC. No /
,t--s, - Eastern / clothing, 4745Gc. valley No
t1a4ec Territery-Fine staple Ss4toc, fine medium
stanlc 5sa57c me cothng 55aAsc tine medium cloth
iug 45f4se = blood a0852c; ) blood 4s15oci blood.
4sl45c Pulleds-ExtTa. o645Ic; hne a, 592o2cs "A
supers. 428a6e-
New-York tribune., 1908-08-12
EUROPEAN PRODUCE MARKETS.

,-s-pool Aug i-Closng-wHEAT-S Spot Arm No
red Western winter Is No California ss futures
staarv September Is 4iad. December Il sd CORN-
Spot strong prime American mixed IS "a futures quiet
sentember SIS Sid. FLOUR-Wlnter patents cui az
sS "A HOPS IN London Pacific Coast steady az q lsG
Sc IS BEEF-Exra India mess firm A. loSS FOsth
trtr,a Us I'd HAAe-Short
cut ID 70 IA 10 strong 5ss Cd BACON herland
Su.' oc strong short rib. Is to "a n
strons at 4as long clear middles light = 70 - n
s - ara a.. long clear middles, heavy 80 20 40 10
stons =. "a sborf clear backs 10 20 20 10 nrm
a. AZ clear bellies ID y. strong az SIS 81
lesgS salars II 13 10. steady s6s Sd
9IhRDAPTirne Western uerees steady az iIs Ga
fanaaisn finest white. new nrnr al hss Cd; Canadian
nness - o. al TiTRPFNTISE-s Spirits steady 81
zSsas zppsINncammon steady AZ Is Cd PETRoLEuM-Re-
80 ,,,st al sad LINSEEp OI-Steady At e5s.
New-York tribune., 1908-08-12

The Cuba Eastern Railroad was Incorporated on
February g. 1909 It has line Of road in opera
4ior from Boqueron. the south coast or Cuba
northwest via Guantanamo TO San Pre-. near the
forest lands Of the Cuba Hardwood Company,
three miles. II also operates the Noriiedsi
erp Cuba Railroad. running from San Pre- TO san
,fs fortv-seven miles under ninety-ni -nine-year
LIS II was intended ultimately 10 extend the line
70 Nire Bay on the northwest, and TO construct a
coast line from that point to Baracoa on the north
east coast Of the island
The capital stock. authorized and outstanding Is
g o1o ooo. and the bonded debt consists Of $1,000"
45rst gold IS due March /, 1888 Last February
,,fse ~ rreseing claims against the company
80 the uncertainty regarding its ability TO s'eet
tt.r, and also the interest on its bonds. proiit-
- committee was formed 10 look after the inter
-. - The bondholders. Benjamin F. Cheney vas
t.,r,ar of this committee. which was enpowe-e-L
:, deemed necessary. TO fund the coupons on any
- fbe deposited bonds for period noL eSessdlhs
- ,5 > half years from March l. 1905 plan
- reoraanization was also talked or, but nothing
Ia. besn heard Of the COMMITTEES fer some time.
New-York tribune., 1908-08-12
To the American People:


profit becoming bonaes by the t nrpn
fathers BELIEVED would nfby = Snwa yGaT fs f5p spen mas
construed for the Justification and defence
o
M m f1e 1e 5n9e T eaH the grabbing
mmasrs on s2ofHs
President
government the n vdtues of finance
beneath the claws and pIre Plrer and his lnd
be efosome the the
nto accomplish this
the System
had dconvnced me of the
control the banks and thereby fo
O would be value
o tl st5ksa anbon billions
2dT the power bonds would such band
fromth people
ndn1b business kind of business
knowled OF concluded
could be found enable
accomplish
had despared OF uniting the onD
m n
and and
gb"id have
sand it, stok markets
perform the 1nng @ rsed
freedom taxation
] Ted o sh%s M the complete control
ndofon min should have
meetings and that this one & man h snGnG rrS @ s
a times and trust companies OF OF 0
Govenm
did possible that corporation IN ex@e
found that actually such an institution being
This corporation offspring combination of conditions
own
Addk delegated the financial
Standard idea and Rogers acquainted
o
New-York tribune., 1908-08-12
RAILWAY TO HUDSON BAY.
Survey Party to Start from Winnipeg to
Plan Route

Winnipeg. Man. Aug. 1.-THE first steps toward
Ne actual realization Of the long mooted scheme Of
railway 10 Hudson Bay viii he taken this week
When survey party OF one hundred men will start
from Winnipee 10 plan the route Of the proposed
-fslWsy- Parliament wfll receive the report Of the
surveyors early in January next and the work Of
construction may begin next year
The survey perty viii be divided into four squads
1nsy viii survey alternative routes by way of
Ihurchi and By way Of the Nelson River. One
psrty win go straight through 70 Port Churchill
ana work eastward to the present terminal Of the
canadian Northern on he Saskatchewan River
another party wfll follow the Nelson River Valley
. FoTt Nelson. The ultimate choice Of the route
vi depend upon the character Of the reports
brought back "a to the relative cost OF constTuc-
ssoa.
New-York tribune., 1908-08-12
,ex eAtE OF JuTTE COAL LANDS.

Washington PENN Aug. n-An equity SUI sun nSar
", - - t,onntv Court here to-day by the New
York Trust Company. trustee against - ~. 1u''e
3 Co. of Pittsburg, in which II Is e ashs - +bta
saie o' Sa+,sfy claim It is stated by the
ot,toners that mortgage for sl60oooo was given
nv the defendants to secure bonds and Is
- - ;,teras+ on the bonds has never oeeh paiu'
New-York tribune., 1908-08-12
MORTGAGE OF $1,500,00O FILED.
Newark Breweries Under American Control
Again.

A mortgage for S150ooo0 given TO the Bankers
Trust Company Of New York by the United States
Brewing Company was filed at Newark yesterday.
II covers the Kruger, Home. Trafz, Hill and
FIa1Ick breweries The mortgage is given to secure
an issue of bonds OF a like amount
The mortgage bears per cent interest and is
payable on July l. 1928. The bonds are issued TO
take I'D stock Of these breweres that was obtained
, syndicate OF English ca pitalists several years
ago The transaction means that the breweries
named are to be under American control again.
New-York tribune., 1908-08-12
RECEIVER FOR CUBAN EASTERN R. R.
Jersey Viee-Chancellor Appoints W. Harris
Roome, Of New York, Temporarily.
IBy Telegraph to The Tribune, ]

Trenton. Aug. u.-Vice-thanceLor WaIKer To-
asv annointed W Harris Roome. Of New York,
vooef,ar for the Cuba Eastern Railroad Company,
Kew Jersey corporation The company Is re-
n,,,red 10 show cause here on August p why the
rareivArsbiD should not be made permanent The
appcation was made by Henry KING Sturdee' OF
cs,,ger+ies n Y and William B. Hatch, OF AFRO
49, ~ who declare that the company is IN
solvent.
New-York tribune., 1908-08-12
THOMAS w. LAWSON
ued here tomorrow.

Heradm b d the t chapter the
whhn~ ~rIasup its mi he peoples ~ thgd mh gd in he ueh
n Roosevelt
daH hgh ph eCra
Tteun db lessen ht
grDe
mteauhdt hmsybn bnd kh eupnd nd makan anpap .
New-York tribune., 1908-08-12
COLLATERAL TRUST NOTES.

Maturing 1908 a
Furnished by swartwout Appenzellar. No - Pine
New-York tribune., 1908-08-12
roRE,eN GOVERNMENT SECURITIES.
TIE FEDERAL TREASURY.

, :, The condition Of the Treas
-" as',l,is 'Dtf If business to-day was as fol-
lows RESERVE FUND
,-.5 cotn and bullion, '--- -,
.@aI coo CON rf,yns TO REDEEM OUTSTANDING GER
ms rIIrTsr sTE,S
New-York tribune., 1908-08-12

fdOwmge Tn people
he Many h
New-York tribune., 1908-08-12

Surplus s55Te IT'S ss.SSeeSo sszfss.Oo-
sIncudes T5e net earnings OF steamships IN ex
l cess OF amount included In monthly reports
Amount available for dividends. s14 7ss.s2s after
allowing for per cent the preferred stock Is
equal to about SO per cent the S14s.oi6,co COM
mon stock.
New-York tribune., 1908-08-12
NEW YORK AND OTHER GAS SECURITIES.

and interest.
New-York tribune., 1908-03-21
PILGRIM AFTER RECORD.
Manu- athletic Meets Scheduled for
the Near Future.

Paul III. Pilgrim, the Olympic 40o-nletre and GOO
metre champion in fine condition for his attack
on the quarter-rnile record at the 7th Regiment
Pilgrim has rested racing ali winter and those
who have watched him run declare that the old
sprint that carried him victory at Athens in
front of men like Lightbody HaisweL. Hilman and
HelIstrorn is In good working order once more.
Another good race will be in the one-mile
roller skating event for all skaters who regis
tered in the Amateur Athletic Union. Among the
entries I'm the three-nlTle open Winfield
Bailey Billy Frank, Charles Muller and Eddie
Carr John Eisele the New York Athletic Club
runner is expected enter the lists this week
The rest Of the programme is made up OF regula-
ton events wall scaling sack racing relays. rescue
stunts" and heavy marching order drudges.
What will probably furnish of the spec
tacuIar races of the will take place when
the teams for the handicap nenile relay
face the starter tonight in the games Of the St
bartholomew Athletic Club which will be held at
the 69th Regiment arnory. Lexington avenue and
25th street. the present time there eight
entered in the contest. including OF the
best athletes in The East The New York Athletic
Club and the Irish-American Athletic Club will
probably be the back markers for both these
gauizations will be represented by their best
The Young Mems Christian Association inter
association athletic gymnastic and wrestling meet
viii be run of this evening under the auspices
of the Harlem branch at the 22d Regiment armory
One thousand athletes have entered, and some ex-
ceIlent sport is promised.