davidaulloa/AmericanStories huggingface dataset:
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-01-08
RAPID IMPROVEMENT
IN MONEY SITUATION.
But 1t Had No Effect Yesterday
in Stimulating Speculative
% Ventures.
SOME STRIKING ADVANCES

NEW YORK. January 1.-There was
a. contraotion of business in stocks at
tho Stock Exchange to-day. In group
Of igh.priced stocks there were son,o
striking advances. Evidences of the;
rapid Improvement in the money situa-
zion continued to manifest themselves.
b,,t they were not so stimulating to
the speculator as they were yesterday.
The important point about the retluS
III interior bank funds to New York
hank deposits which has now set In In
az plentiful stream, is that the loarlns
capacity of the banks making the de-
posts Is not impaired by it, although
rlie available credits OF the New York
central reserve banks are greatly en-
randed by It. The speculative reali2-
ing proved the dominant factor In the
days market. and the stocks that We're
most active showed n majority OF de-
ciinns at the end of the day. BONDS
We're strong; total sales. par value,
s&S,a3o 900. United States tours. cou-
pon, advanced ~ per cent on call.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-01-08

NEW YORK. January, Money on
cal firm at 5ts@s per cent: ruling
rate. per cent: closing bid, Der
cent: offered at per cent. Time loans
asicr: sixty days. SO, and ninety days.
8; six months. per cent. Prime mer-
camille paper, 8 per cent. Sterling OK
change weak. afte, strength. with ac.
euai business In bankers bills at S.sbsp
Mss.S565 for demand. and at *i.sl lot
SIXTY days Commercial bills. s4.s0,5.
r,ar silver. $50. Mexican dollars, 40.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-01-08
NAyAr STORES.

ers Export markets are quiet Cotton
ycrns arc Fairly steady.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-01-08

Cotton futures opened and closed steady.
Il Open High. Low. Close.
n nSssYss 1915 Moss 1 1s:ss
Ma Say ..:...::...:....1o.i; 1917 lo.ssi 1861 1863
June commonwealth ~. ~: lo.SS
{ Argus. ...........loo.si ,c4s 1912 1888
October ...........e.s o 9.SJ
Spot cotton closed quiet. 10 points lower;
udddlinG uplands, 1880; rn.ddl!ng guls.
lEa5; no sales.
Cotton, steady: middl!ng. 1870; gross re,
cs.pts, as bales: stock 1865 bales: OK.
pcst 70 France. 81 bales; to the Continent.
Te.4i today q al nor,s-Se. receipts.
b s5 e France. g bale.: TO the Continent.
Consolidated a. all por,s-Ne, receipts,
;l2l.4sl bales; export to Great Britain. 77.lTs
baies. TO France; ISL bales; to the Cont
Total since septemser IS; a., n all ports.
Net receipts, 5.so5,44s bales; export to Crea,
& Britain. 1.7ssl4s bales: to France. 475,a7l
shales: 70 ths Continent. 1,7ss.s77 bales; to
E Japan. 1857 bales; to Mexico. l,043 bales.
NEW ORLEANS. La. January 7-coT.
TpN-spots steady; middlins. all grades.
1880 bales on the spot and $50 to arrive.
& Futures ouened quiet, 49s points above the
Close yesteFday as a result OF favorable ad.
4 v:ces from Liverpool. Following the open.
Is lne the market was quiet and trading was
Tcpnewhat desultory. To.morrows holiday.
4 IN comm emorat!on OF the battle OF New or.
4 lesns. kept speculation in TO some extent.
recession in values. SO that at the close
Which was steady. the active list ranged
from i0s points below the close yesterday
ie.si: March. 1885,; April i'0 1885, s'Fs May
I lc.So: June, 1920: July 1882.
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-01-08
MARINE INTELLIGENCE.
PORT OF RICHMOND. JAN. =, 1905.

ARRIVED.
Steamer Berkeley, Shelly. Norfolk. mer-
chandse and passengers. Old Dominion Line
Steamer Pocahontas. Graves Norfolk and
James River landings, merchandise and pas
sengers Virginia Navigation Compa
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-01-08
RICHMOND GRAIN arARKEr.

Richmond, Va. January Z, 1908.
NHOLEsALE QUOTATIONS ON ,CHANOE:
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-01-08
OFFICIAL RANGE AND SALE OF STOCKS I'M NEW YORK.
BY Thomas Branch Bankers and Brokers

INT. Metropolitan. pfd...
International Paper ~.
Int. Paper, pfd.....s..:..
Louisville and Nashville
Manhattan .........,......
Metro. Street Railway.
Mexican Central ......
Mo-, Kan. and Texas. /.
Mo, Kan. and Tex, pfd.
Missouri Pacific .........
Nash. Chat. and st. u. /.
National Lead ...:.......
New York Central ..a.
n. T.. Ont. and Western
Norfolk and Western.,.
Facit1c ........
Pacific Mail .u...ss......
Pennsylvania ...,......
Peoples Gas ............
Pressed steel Car........
Pressed steel Car, pfd..
.....'.'.'......s.s.
Republic Iron and Steel
Republic L. and s., ptd. /.
Rock Island ...:.,.......
Rock Island. pfd. ......
.Ry. Steel Spring, pfd !,
Slseffield ...........
Pacific ......,,
Southern Railway $3.50.
Southern Railway. pfd..
Texas Pacific ...........
Union Pacific ...........
States Rubber.
United States Steel......
States Steel, pfd
Va. Gar. Chemical ......
Va Car. Chemical. pfd..
Wabash .................s..
Wabash. pfd..............
Western Union '.........
Total sales. $500
The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-01-08

Spot cotton closed quiet. 10 points lower;
HtddlinE uplands, 1890: rntddl!ng suit.
tlEl5,7 no sales. -
The morning journal-courier., 1908-01-31

The influences which were current inI the early part of the day were unmis- takably depressing to sentiment. The contingent of room traders attempted to take advantage of this by selling stocks. Prices yielded without vigor- ous resistence, but the lively sense of the market felt by these habitual trad CTS in the board room assured them that there was little more than their own selling to account for this. Such a market degenerates into a contest of wits at each others expense amongst board members. and soon discourages attempts to keep up even semblance of activity. This negative resistance to the unfavorable factors in the news. helped to improve speculative senti- ment. The improvement had little ef- feet in prompting active commitments owing to the desire to await the pub lication of President iRoosevelt's special message to congress tomorrow and ob- serve its effects on general opinion. Brokers offices quite generally claim ed to be well informed on the contents of the message and abstracts circulated at the stock exchange protesting to give with great particularly literal pas sages of the document, containing a strain of invective against some of the prominent interests in the corporation world and against their actions, as well as a vigor of criticism and de- nunciation of the world of the stock exchange itself which created a con- siderable sensation. While the early weakness of the market due to this n- fluenee was overcome. the continued dullness was attributable to the repres- sive influence of the same factor. The closing of two of the smaller clearing house banks was not marked factor In the stock market, nor was the run precipitated on another institution. The conditions affecting these banks have been clearly known and frankly dis cussed for some time past. Some spe- cial weakness in Delaware & Hudson was due to the movement amongst holders of it's securities to oppose the companys plans for raising funds. The reduction of the anthracite output left other members of the group of coalers sensitive to the influence of this stock. The weakness of the London copper market was against any advance in stock. The days reduced dealings were mostly concluded before noon and the market was in a torpid state for the latter part of the day.
 Bonds were irregular. Total sales par value, s3, ,732, 000
 United States bonds were unchanged on call.
The morning journal-courier., 1908-01-31
Ex-dividend.
CREMATION SOCIETY ELECTS
Earl B. Kenyon is Made the New
 President.

The New Haven Cremation associa- tion held it's annual meeting last night in the Admiral Foote post rooms. The attendance was ncI quite so large as had been expecte/, many persons being kept away by cle cold weather. The reports of the various officers were read and showed that the affairs of the association were in fiourishing con- dition. Four bodies were cremated un- der it's auspices the past year. Eleven persons were received into member ship.
 The following officers were elected for the ensuing year:
 President, Earl B. Kenyon; vice president, w w Stowe; secretary, Emil Garris; treasurer. William F. Radon. Most of the elections were re- elections.
 The council chosen for the coming year is as follows: F c. Rasch, H. p, Chipman and w. w Stow.
The morning journal-courier., 1908-01-31
NOTES OF MARKET Factors That Made for Lower
 Prices in the Early 7 Trading.
THE PRESIDENTS MESSAGE
Concern as to Employers Liability
 Act and tho Standard Oil Company.

After a lie irregularity at the start, stocks were bid up fractionally. But selling pressure again developed. and everything declined, under the lead of New York Central, United States Steel. Reading, and Union Pacific. Some Of the declines before midday were 1 to l 1-2 points, At midday a moderate rally was in progress, which was car ried into the afternoon. It was a small, professional market, during most of the day. The selling consisted to larger extent of "hammering' by the bear party that real liquidation of long stocks.
The morning journal-courier., 1908-01-31
STEEL MEN HOPEFUL.
Manufacturers Declare That Turning
 Point Has Been Reached.

New York Jan. 30-A conference of the leading steel manufacturing inter ests. including the United States Steel corporation. Republic Steel company. Bethlehem Steel company. and the Pennsylvania Steel company. was held in the offices of the United States Steel corporation. The conditions of the steel and iron trade were discussed. and it wa sreported that a new schedule of ore prices might result. Several Of the manufacturers said there was 3 bet ter feeling in the trade. and that g turning point for the better seemed to have been reached
The morning journal-courier., 1908-01-31
LYON WILL APPRAISERS.
Edward Frederick and Theodore Shel-
 don Appraisers.

The will of the late Mrs R. F. Lyon was filed with the clerk of the probate court, and letters of administration ap- piled for, yesterday afternoon. Her husband, Richard F. Lyon, is named as executor in the document Practi- cally the entire estate which is valued at between s15,0oO and s2o,00O, is left to him, A thousand dollars is left to each of the two sons, and s2.0O to her daugh- of the two sons, and s2,Ooo to her daugh- Edward Frederick and Theodore Shell don were appointed appraisers by the court.
The morning journal-courier., 1908-01-31
ON LEIGH PETITION.
Executive Session of Committee to be
 Held Tonight

The adermanic committee on rail- roads and bridges will meet in eyecu- tive session tonight at the City hall, The main business of the meeting, it is understood, will be to take some ac- tion on the petition of Walter Leigh, that the Connecticut company sell twenty-five tickets for one dollar, as 1t does in Waterbury. The petition was referred to this committee at the last meeting of the board of aldermen
 The committee is as follows: Alder men Healy, Marlowe, Kenna, Miller and Jansen,
The morning journal-courier., 1908-01-31
STOCK MARKET REVIEW.
Profound DuIIness of Trading the
 Feature.

New York, Jan. 3o-The profound
 aullness of the stock market was its salient features today. Outside par ticipationwas a negligible quantity. This has been true for some time. but with the abandonment of operations by the professional element the baroness of the market became fully exposed. The professionals seemed as much indisposed tu operate OF one side as on the other.
The morning journal-courier., 1908-01-31
THREATENED WITH TYPHOID.

Mrs. Munson of Morris Cove was taken to the West Haven sanitarium last evening She is threatened with typhoid fever Dr. B. G. Adams is the attending physician.
The morning journal-courier., 1908-01-31
NEW YORK STOCK MARKET.

Reported over private wires oc Prince ( Whitely. members of the New York and Boston Stock Exchanee> New York office. 52 Broadway and l5 Center street. New Haven.
 New York, Jan 30.
The morning journal-courier., 1908-01-31
WORKINGS OF TELEPHONE.
St, Paul's Mems Club to Hear Some
 Talk,

The St Pauls Church Mems club meet tonight in the parish house al s o'clock The entertainment will con- sist of a description of the workings of the telephone. All gentlemen con- nected with the parish are invited to attend
The morning journal-courier., 1908-01-31
BOSTON STOCK MARKET.

Reported over privats wires os Horn blower & Weeks, mcmoers of tho New York and Boston Stock Ex- changes New Havek oelce. 27 Center street.
The morning journal-courier., 1908-01-31

The closing of two banks, run on third and rumors that the clearing house committee intended to clean up the situation directly, together with the message of President Roosevelt today about which Wall street seems very much concerned, made for the lower prices during the morning However the market acted better than the ma jority had supposed It gave the same evidence that it has recently that un- favorable news has been pretty well discounted
The morning journal-courier., 1908-01-31
CLOSING PRICES.

Reported over private wires of Prince & Whjtely, members of the New York and Boston Stock Exchanges New York office. 52 Broadway and 1t Center street. New Haven. Conn
The morning journal-courier., 1908-01-31

The early break in Delaware and Hudson stock was directly referrable to the proposed action by convertible bondholders to try to compel the com pany to stop paying such large divi- tends, and the allegations that some of the dividend disbursements were made out of borrowed money
The morning journal-courier., 1908-01-31

Reading for a time Ignored the fla vorable December net statement of earnings and the sessonable weather. which has started brisk demand for anthracite coal But after the early setback this led the midday recovery. and many shorts were induced 10 cover The December net for all companies in creased S226
The morning journal-courier., 1908-01-31

London traded on both sides of the market, buying early and selling out before midday There was next to nothing on balance, Prices for Amer ican stocks were steady on the other side before the local opening possibly representing manipulation from New York in order to steady this market later on.
The morning journal-courier., 1908-01-31

Selling of Rock Island preferred. which seemed to have ended last week, broke out to-day. carrying the stock under 27h, or lower than it has been. The common was dull under IA.
The morning journal-courier., 1908-01-31

market, buying early and selling out before midday. There was next to nothing on balance. Prices for Amer ican stocks were steady on the other side before the local opening possibly representing manipulation from New York in order to steady this market later on
 After a period or great sluggishness during the afternoon, within fractional limits, stocks sold off moderately be- fore the close, though no particular reason for this WIS assigned It was probably small bear attack to test the market. Yesterdays market seemed to demonstrate one thing-namely, that a great deal of bad news had been dis counted by the October panic.
 One of the prNHpal disturbing ele- ments in the stdGS ! arket. was the re- port which gained wide circulation that the presidents message to congress on the employers liability law would again arraign the Stlndard Oil com pany sharply. This rumor undoubtedly induced a good deal of selling of stocks by the bear party, though not much long stock seems to have come out. Standard oil stock on the curb was firm most of the d3y.
 Probably one reason for the contin- ued heaviness of the Hartman stocks during most of the day was the ex- pectation that the government suit to dissolve the union would be instituted within few days in the west There is still much doubt as to what MT. Harrim3n's future plans are with ref erence to these companies. Nothing as vet has developed to indicate any progress in his scheme for the segra- tion of Union Pacific's assets, which was announced late in 1907
 Both Louisville and Nashville and At lantic Coast Line were pressed for sal, in a market that responded poorly tC offerings of them. The only reasol given for the decline was the December statement of earnings of the latter This showed a net decrease of S174339
 
 Tn spite of fairly heavy selling, Stee common held up well, and the invest ment demand for the preferred contin ued. Expressions of opinion amons manufacturers here today indicates signs of returning confidence in th trade. but lower prices are probable tt stimulate business
 Selling of Rock Island preferred which seemed to have ended last week broke out today. carrying the stocl under 21b or lower than it has been The common was dull under IA
 Reading for a time Ignored the ia vorable December net statement Q earnings and the sessonable weather which has started brisk demand fo anthracite coal. But after the earl setback this led the midday recovery and many shorts were induced 10 cove, The December net for all companies in creased s22 69e
 The early break in Delaware an, Hudson stock was directly referrabl to the proposed action by convertibl bondholders to try to compel the com pany to stop paying such large divi tends. and the allegations that som of the dividend disbursements wer made out of borrowed money
 CTEEI HrEN unpI-T7JTT
The morning journal-courier., 1908-01-31

Tn spite of fairly heavy selling, Steel common held up well and the invest ment demand for the preferred contin- ued. Expressions of opinion among nanufaoturers here today indicates signs of returning confidence in the trade. but lower prices are probable to stimulate business
The morning journal-courier., 1908-01-31
LOCAL STOCK QUOTATIONS.

Corrected daily by Kimberly. Root 6 Co.,, Investment Brokers. l33 Orange
The morning journal-courier., 1908-01-31

Both Louisville and Nashville and At lantic Coast Line were pressed for ga le in market that responded poorly to given for the decline was the December statement of earnings of the latter
 This showed a net decrease of s174339
The morning journal-courier., 1908-02-22

An advancement in copper metal gave an opportunity to bid up the stock. There was short covering, partly, however, on the idea that Standard Oil interest was more bull ish.
The morning journal-courier., 1908-02-22
TO LAUNCH NEW SHIP.
Holland-American Line steamer Rot
 terdam a Great Vessel.

A. Gips. general agent of the Hol- land-America line of this city, has re- ceived a cable from the home office at Rotterdam announcing the success ful launching on Saturday, February 22, of the new twin-screw steamer Rotterdam" from the yards of the we'll known firm of shipbuilders liar Ian & Wolff, Belfast.
 The new Rotterdam is a finely constructed vessel of the Leviathan type, 66S feet long, IT feet wide, AS feet deep, r knots speed, and will rank among the greatest trans-At- latic liners of the present day, Her registered tonnage is 24,l7O, her dis placement 37,190 tons, while she will offer accommodation for 5O5 first class passengers, 520 second class and 2,500 third class passengers, capaci- ty exceeded by few, if any other steamers
 In the character of passenger ac- commodations, the new Rotterdam is a marked advance over any trans Atlantic steamer afloat. The various social halls and saloons are of an un- usually large size and will be lavishly decorated and furnished in the high est styles of Dutch art by artists of repute.
 In addition to dining rooms, music rooms, lounges, etc, she will have a splendid palm garden fitted up with a cafe or tea room, reading rooms, writ ing rooms, libraries, two connecting upon sheltered terrace, and more that 23,300 square feet of promenade deck space. There will be a number of the most luxuriously appointed cabin deluxe rooms with sitting rooms en suite, about sixty staterooms with private bath and toilet and about one hundred staterooms for the exclusive use of one passenger each. Besides the improved features not ed above, the steamer Rotterdam" will be provided with every approved modern appliance for safety and con- yenience, including electric passenger elevators. water-tight bulkheads, elec- tric fire alarms. and flre-subduing ap- paratus, deep sea telephones, tele- phone connection all over the ship long distance wireless telegraph, safe deposit vaults for valuables, daily newspaper printed on board and many other features of value and comfort.
 The new Rotterdam" will make her maiden trip from Rotterdam on
 June IS, and from New York on July | 1st.
The morning journal-courier., 1908-02-22
GrFFoRD PINCHOT TO SPEAK.
Forestry Head to Talk to s. X. K.
 Tonight.

The Hon. Clifford Pinchot is to speak at Music hall tonight before the Sons of the American Revolution, on the subject of forestry. Mir. Pinchot is the leader of the forestry movement in the country and founded that movement at Yale, in order that the work of practical and scientific forestry might be advanced. Mir. Pinchot is a profes- sor in the school.
 MT. Pinchot was born in Simsbury, Conn. and is proud of his Connecticut ancestry. He has distinguished claims 10 membership in the society of the Sons of tho American Revolution him self. One of his ancestors died at Cape Breton as a soldier of Connecticut, An other, his great great grandfather. with with Ethan Allan at the capture of Ticonderoga.
 The Sons of the American Revolution have extended an invitation to the stu dents of the Forestry school to hear Mir. Pinchot speak. During his stay in this city MT. Pinchot will be the guest of his classmate, Samuel Fisher.
The morning journal-courier., 1908-02-22

impetus to the stock of its associate company, Consolidated Gas. There was conspicuous rise in Louisville and Nashville which was attributed to the substance of the statement made by the president of the company rela- tive to the wage reduction question. Rates for time money for the longer periods showed a continued advancing tendency to-day. Foreign exchange also was firm. The bank statement discloses the full expected gain in cash, but the loan expansion proved unexpectedly heavy, apparently on ac- count of payments of subscriptions to the New York bond issue. Canadian Pacific stock subscriptions during the week also made additions to the loan showing.
 Bonds were irregular. Total sales par value, s2,064,000
 United States 2ds have announced Is. the 3s 1-4, the As registered ? 12 and the As coupon 1 1-2 per cent. on cal during tiic week
The morning journal-courier., 1908-02-22
LADIES' AUXILIARY.

Ladies auxiliary, No. IS, A. O, H., will hold it's regular monthly meeting in Music hall building, Court street, on Monday evening, February 24. Mem the meeting as business of importance will come up. The large class initiation now open will close the last meeting in March. This auxiliary is in good standing, having 250 members with s1- 200 in the treasury and pays si sick benefit for thirteen weeks in any one year.
 The officers reported most pros porous year for 1907 and the members are working hard to make the ensu- ing year even more so.