davidaulloa/AmericanStories huggingface dataset:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-23
MOVEMENT LED
BY ROCK ISLAND
Trend OF Prices Downward on
Rather Small Amount
of Business.
OPERATORS HAVE DOUBTS
= NEW BONDS OF UNION PACIFIC
OFF A FRACTION.

New York, June 22.-The weakness of
stocks today gave an impression of less
passlVeness than the occasional drop with
intervals Of recovery last week. There
was only small expansion in the volume
OF the dealings 10 account for this an
pearance. The active desire shown 10
get out of holdings of one or two stocks
was largely accountable for the changed
tone or the dealings. Rock Island securi-
ses were the conspicuous example, In con-
tAludnce OF a sudden decline which COM
Ahehced IN the closing dealings on Sat
Iiuay and which had a considerable in
Aiuehce IN unsettllng the tone. The RI
nlofs which circulated today in connec-
non win the break IN Rock Island seemed
10 be more in the nature of surmise
prompted by the movement of the stocks
IMAM any Informed opinions. The move
Ineht gave rise 10 some fears of finan-
cial embarrassment facing the company
or some one of its related companies in
lhe complicated series Of subsidiaries
winch distinguishes these enterprises
More than once during the last few
months IL has been reported that a com
piehensINe reorganization plan was in
contemplation. TOdays rumOrs limited at
a coming bond issue, and even at re-
ownership. but these rumOrs We're dis
credited in official quarters. Another sun
position was of heavy losses from flood
damage 10 the cOmpany's property, but
thls was denied by officials of the com
securities was of sympathetic effect On
the whole stock market
There was nothing in the general news
10 prompt selling of stocks. The accumu-
iation of banking reserves is reaching a
point that seems TO Hecessitate active
measures 10 find employment for these
great sums. Paris took gold from Lon
don today and the unsatisfied appetite of
that center and of Berlin for the pre-
clous metal constitutes the only ripple
IN the money market. Reports of the
placing of part of the new bond issue
OF the National Railroad of Mexico with
Paris bankers We're believed TO explain
the decline in our foreign exchange mar
ket. Traffic officials of the great rail-
road system spoke in a tone Of some en-
enlargement of the business outlook. al
though having sman actual increase in
tonnage movement TO report. Such an
increase was inferable from the statistics
of surplus idle freight cars on June To-
given out by the American Railroad as
ISOLATION, the total AT that time having
fallen TO 1894 a decrease OF 81 .9l0 cars
since May q. Some part of this show
ing is referred TO the increase in cars
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-23
Treasury Statement.

Washington, June 22-Today's state
ment of the treasury balances in the gen
eral fund shows:
Available cash balance .. 500 1s0 1873
Gold coin and bullion ............ g, 500 975
Gold certificates .......-......... 50,062 491
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-23
Wool Market.

ST. Louis. June 2.-Wooi-Steady; me-
dunn grades. cOmbing ard clothing 1S0
20; light fine. l4lSdl5, heavy fine, 11Glli2;
tub washed. 1926.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-23
Financial and Commercial

in bad condition which are sent to the
shops, but without figuring in the to-
tai OF surplus or idle cars. The showing,
nevertheless, is considered an important
index OF improving commercial condi-
lions.
reported ideal for harvesting and this cor
reefs a condition regarding which grow
ing anxiety was beginning 10 be felt
The effect of this news was partly neu-
tralized by the strength IN the grain
markets
The closing tone was weak. A further
break i'm the Rock Island collateral bonds
and another fractional shading in the
new Union Pacific IS were features of
the bond market which was heavy.
Total sales, par value, S2,536.O09.
United States bonds were unchanged on
call
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-23

feature of trade was the urgent demand
Tor the September delivery and the mar
rowing the spread between that option
ana that of the July delivery. Several
or the leading houses were free sellers
OF July and active buyers of September
The selling pressure on the nearby month
was caused by the excellent weather for
harvesting in the southwest. The princi-
pal bulliSh influences were advanced at
the leading European markets. Liverpool
excepted, a decrease of seven mil
lion bushels in the amount of breadstuffs
on passage, a liberal falling off in the
worlds shipments, and reports of small
yields in Kansas. The market closed
steady for July and strong for Septem-
Der and December. July opened lsdi4 TO
AaSs lower, at S6l4GS63s, advanced TO S1lz
and closed at S612QS69s.
Corn was strong all day. The selling
of September at IS over July was the
feature of the trading The market
closed firm. July opened unchanged to
1sql4 lower, at 6952 TO 695s46924, advanced
TO 704s, and closed at 697s.
Oats were strong early in the day i'm
sympathy with wheat and corn. but eased
off later owing TO free selling by lead
ing longs. July opened 4 higher. at 46ls,
sold up TO 469s, and then declined to ass,
where il closed.
Provisions were strong throughout the
session on an active general demand,
which was based chiefly upon a l00l0c
advance in live hogs. At the close Sep
TENDER pork was up 21s, lard was I'M
changed, and ribs were 71zgl0 higher.
The leading futures ranged as follows:
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-23
LIVESTOCK Markets.

Chicago. June 2-Cattle-Receipts about
q. coo; market steady; beeves, 4S5dS00;
Texans, 4.75G5.25; westeEns, 4.15d10o;
stockeTs and feeders. 2.60G550; cows and
heifers. 2.50GI6.30: calves. 4.75d6I5.
Hogs-Receipts about 5000; market To-,
higher: light. 5.J0d650; mixed. 560d6l0;
heavy, 555d6l Is; rough 5.55q5.15 pigs. 40
n5.40; good to choice heavy. 5.15q6.l5; bulk
of sales, 5.90d6.05.
Sheep Receipts about 1900: market
strong; natives. 2.00Gj,20 westerns. 2.006
5.25; yearlings. 4SGQ555; lambs, 400G6.15;
westerns, 400d6.20.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-23
GRAIN AND PROVISIONS.

Chicago, June 22-The wheat market
was nervous all day because of bullish
statistics on the one hand and favorable
weather for harvesting on the other The
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-23
EIain Butter.

Eigin, ILL.,, June % Butter was firm on
the local exchange today at % Output
for the week was H. 900 pounds
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-23
Money, Silver. Etc.

New York. June 22.-Money on call easy:
l4dl4 per cent; ruling rate IL per cent:
closing bid. IA per cent: offered at IL
per cent
Time loans firm and dun: sixty days. ,
per cent; ninety days. "a per cent; six
months, 3ia per cent
Prime mercantile paper, to So per
cent.
Sterling exchange steady with actual
business in bankers bills at 4S7 for de-
mand and at 1850 for siXty-day bills.
Commercial bills, 4S5d4S5i+
Bar silver, 54ls
Mexican dollars A.
Government bonds steady
Railroad bonds heavy.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-23

the iron market was reported No.
foundry northern, 1850 to 17W: No. . X "a
to 1926; No. ] southern and No. ! south
eTn soft l650GI725
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-23
Metal Market.

New York. June 22-The London tin
market was lower, with spot quoted at
el25 Is Sd and futures az ei27 IS Cd. The
local market was weak and lower also
with quotations ranging from 2l.50 to
2S.00.
Copper declined TO e59 2s Sd for spot
and to EOS l5s for futures in the Lon
don market. The local market was dull.
with lake quoted at 12.271ad13.00; electro
lytic at 12.62laQ12.S7Ia and casting at 1870
Ml2.62l2.
Lead was unchanged at 9l2 12s sd in
London and at 4.471zd452lz locally.
Spelter was IS lover at els l5s in Lon
don. The local market was easy. but I'M
changed, at 4521hd455ls.
Cleveland warrants We're quoted. in Lon
don, at 5ls l1zd. Locally no change in
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-23
Coffee and Sugar.

New York June 22.-Coffee futures
closed steady, net unchanged TO points
lower Sales were reported of 1900 bags,
including September at 5.S5d590; October.
5.S5; December. $50; January, 5.S5, and
May. 5.90d5.95. Spot quiet: Rio No. T. Ga /;
Santos No. 4. so; mild quiet; COrdova,
924612ls.
sugar-Raw. firm; fair refining. 3A:
centrifugal Sc test, 4.32; molasses sugar,
1856. Refined quiet
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-23
Butter. Cheese and Eaas.

New York. June 22.-Butter-Unsettled;
creamery specials. 231a; creamery extras,
%; creamery thirds to firSts. l9TEis; state
dairy, common TO choice, l9d23. process,
thirds to special. lH2G22; western factory
firsts. 20: seconds, 1S5aa19.
Chees-Firm; state full creams, specials,
12l4 l3i4: do small colored or white fancy
II; do large cOlored or white 1lA; ia
good TO prime, l1A4lll2: do common, 1odll
Eggs-Steady; state. Pennsylvania ana
nearby fancy selected white, 23G23; i nd
to choice 20621; brown and mixed fancy,
2ld22; western extra firsts. lSnlSl2; DO
firsts, 16ladl71a; seconds, l5l2dl6
Chicago. June 22-On the produce eX-
change today the butter market was
easy; creameries 19d22la; dairies, Fan.
Eggs-Firm at mark; cases included,
49,; firsts. Is: prime firsts, H.
Cheese-Steady; 1la12.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-23

Kansas City, June 22.-Cattle-Receipts
5000; market steady; native steers 525d
rs: native COWS and heifeTs, 3G0G6.50
stockers and feeders. 250d5.50 bulls 300
as. %; calves, 2.50G6. %; western steers, 800
a7.50. western cows, S50d5.25.
Hogs-Receipts, 5000. market 5dl0c high
er; bulk of sales. 57Ga5.S0; heavy, 5.S00
5.S5: packers and butchers, 5.7OQ5.S5; light,
5.60G575; pigs. 40Ga4.50.
Sheep-Receipts. 1000 market steady;
muttons, 4.25G525; lambs. 501d6.50; range
wethers, 4.O0G5.OO; fed ewes 3.75d4. 70.
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-06-23

Omaha. June 22.-Cattle-Receipts. $500 T;
market for best stronger; others lower;
native steers. A75QSO0; COWS and heifers,
325d6.O0; western steers, 3.50d6.10; Texas
steers. 3O0d5.75: range cows and hefers.
275G475; Gamers. 2.00a550: stockers and
feeders. 3.O0d5l07 calves, 3.00d600; bulls
and stays, 2.75Q525.
Hogs-Receipts. 500: market Zoe high
er: heaVieS 5.55d5.S5; mixed, 5.15d5.S0;
lights, 5.6505SO; pigs, 4.5005.40; bulk Of
sales. 5.75d5.SO.
Sheep-Receipts. $500: market slow. 10c
to 15c lower; yearlings. 4.75G5.25 wethers
l. Od5.00: ewes, 4O0q4 so; lambs. 5.50d6.50
University Missourian. [volume] (Columbia, Mo.) 1908-1916, 1908-11-06
UNIVERSITY CALENDAR

Nov. Z. Returns of Missouri Drake
game, Auditorium, 2:3O p. m
Football, Juniors against Soph-
omores, p. m.
NJ. S. U. Debating Club, Room
SO, Academic Hall.
Athenaean Literary Society.
Scientific Association, Physics
lecture room, 1880 p. m; sub
ject, Refrigeration"
Nov. 8. DIR. Hoffman, Auditorium.
2:3O p. m.
Nov. IA. Football-Missouri VS.. Wash
ington.
Athenaean Literary Society.
Nov. 10. Lecture by George z. T.
Sweeney, Auditorium.
Nov. 81. Athenaean Literary Society.
Nov. 25. 4 p. m. to Nov. 80, at 5 a. m.
Thanksgiving Holidays.
Dec. 4. Lecture, John T. McCutcheon,
Auditorium.
Dec. Is. Lecture, dorado Taft, Audito-
rum.
University Missourian. [volume] (Columbia, Mo.) 1908-1916, 1908-11-06
Thank You, Reuben"

10 TIE Editor of the University Missourian:
Among the greatest of the many
achievements of Reuben Pemberton
ranks the saving of the life of the Y.
NJ. {. A. lecture course. He reached
it Just as it was sinking for the third
time and his help made it possible and
thus gave to the $50 who were really
interested chance to hear the best Of
music. art and oratory at an extremely
low price. R..
University Missourian. [volume] (Columbia, Mo.) 1908-1916, 1908-11-06

We see that at a recent wedding at
Kingston there were no presents. "bv re-
quest says London paper. We hope
this is to be the beginning of new era.
The wedding present nuisance is nearly
as bad as the tipping nuisance. Like
all customs of its kind it has grown
too much of tax. One does not object
to parting with a doubloon or two to
show ones affection for an intimate
friend on his or her wedding day. but
nowadays everybody who has the slight
est acquaintance with one expects a
gift. Comparative strangers in India
invite one to their daughters wedding
at Simla or Quetta. or somewhere
equally get-at-able. and then sit with
their tongues out waiting for the pres
ent. More misery is caused by the
wedding present convention than by al.
most any of the lesser evils of life.
Apart from the expense of it, there is
the worry. However much a man may
disapprove of the practice of giving
wedding presents he probably wants to
do the thing well. The things he would
like to give he knows a dozen other
people will have chosen. His artistic
soul revolts at the thought of fish slices
and napkin rings. What he wants ia
bizarre. startling and effect
ve' at about ten shillings. looking as
i it had cost f5. That is whv 80
many men one meets in the streets have
he Worried Look and the Classy Stare
University Missourian. [volume] (Columbia, Mo.) 1908-1916, 1908-11-06
TOLD ACROSS THE
BREAKFAST TABLE

Missouri men were quite prOminen
in the big show" remarked the sole
itor for the Oven. during discussion
| over the election results.
Wonder how many followed Taft:
example and took a nap while the re-
turns were coming in!" asked the
Freshman.
ITO tell the truth. I don't think Bill
slept" volunteered the football man. Il
imagine he must have felt something
like 1 do the night before big game.
Not much," interrupted the Junior
Medic" If anything kept Taft awske,
it was Teddy giving him lessons in
swinging the big stick
Seems to me the Co-eds are having
few tries themselves at welding the
club" said the red-headed ''Soph" with
the wart on his nose.
whats the latest:" queried the foot
ball man. "Have they carried the back
stop away!"
Not yet" the 'Soph' answered. I'm
to their entrance into school
politics. The Junior meeting squabble.
l mean. What's more, they are in the
game to stay"
'Will some one please explain to me
what there is about an election that
makes a dignified citizen, who won't
hang up picture for his wife for fear
If dropping his dignity or the picture.
,ush fellow being through the city
n a wheelbarrow to settle difference
# opinion:" queried the Arts student.
Search me-" replied the Junior
Medic" The world is funny place.
'eems like it's always encouraging
nan to make show of himself. The
ollege of life is the only school where
man stands an even chance of being
raduated a fool"
You made an early application for
egree, didn't yOu!" ventured the wag.
And cut classes ever SINCE" finished
lie Medic" hurling a biscuit at his
,rmentOr.
University Missourian. [volume] (Columbia, Mo.) 1908-1916, 1908-11-06
New Building Needed.

To the Editor Of the University Missourian:
The University buildings are becoming
more and more crowded. Every availa-
Die room in Academic Hall is now IN
use. If the Academic Department, the
Teachers College and the Department
OF Journalism keep on growing, about
two of them will have to find new quar-
tiers. NJ.
University Missourian. [volume] (Columbia, Mo.) 1908-1916, 1908-11-06
They Just Ask Questions.

DIR. Anna Shaw, lecturing in Chicago
the other day, explained just how the
suffragettes make themselves disagree
able in the House of Commons. One
woman rises and asks question of the
speaker, always a perfectly legitimate
question, pertinent to the subject under
discussion. She asks it in polite tone.
and when it is not answered continues
to ask it in even a politer tone until q
policeman comes along and escorts her
from the House.
University Missourian. [volume] (Columbia, Mo.) 1908-1916, 1908-11-06

Philippines Independence, Taft, Bryan
Eagan, Everybody's.
Railroads and Prosperity, Conan, Re
view of Reviews.
RaphaePs Greatness, Cox, Scribner's.
Restoring" Works of Art, Mather. At.
lantic.
Rockefeller, John D., Lewis, Cosmopol.
itan.
Rockefeller, John d., "reminiscences,
Worlds Work.
Saint -Gaudens, Familiar Letters, Nc
Clure.
Sky-scrapers and their Problems.
Wade, Review of Reviews.
Stealing Border Town, Gates, Cosmo-
politan.
Sultan of Turkey, Adossides, Ameri-
can.
Telephones on the Farm. Dickson.
Broadway.
Thanksgiving, Sabin, Lippincott.
Vanderbilt Fortune, Hendrick, Nc
Clure.
Walker. Horatio. Art of, Caffin. Har-
per.
Wall Street Nuisance, Casscn. Broad
way.
War with Flying Machines. Todd.
Work.
Whitman. Walt. Letters Putnam.
Woman's Choice in Recent Novels.
cooper, BOOkman.
Woman's Dress. Psychology of. Thomas
American.
Women Who Work. Hard and Dorr.
sverybody's.
University Missourian. [volume] (Columbia, Mo.) 1908-1916, 1908-11-06
THE MODERN MELODRAMA,

Perhaps many of those who have
gone to the popular ten, twent, thirt'
melodramatic playhouses to see the
narrowing plays klat are performed
there, have never stopped to think OF
the immense income which the authors
of these pieces receive. 1t is, prhaps,
one OF the most paying businesses to
which a writer can turn. as he receives
thousands of dollars annually through
royalties.
The authors of most of the popular
melOdramas are, Theodore Kremer, Hal
Reid, Lincoln j. Carter, Charles E.
Blaney, and a few Others Most of
them are men with a college education;
and their royalties from these plays
annually are more than the actors of
them receive in many years. These
authors are men with vivid imaginations
who invent some impossible and har-
rowing situation, as a race between a
train and an automobile, a leap across
a jackknife bridge, an escape over tele
phone wires by the heroine, and such
impossible situations around which to
build the plays.
1t is said that some of these writer's
do not write the plays, but dictate them
to stenographer. After the play is
finished, the colossal work of building
the scenery is begun, after which the
so-called actors are given their parts
and actual rehearsals begin More time
is spent on the business in these |
plays than on the speeches of the |
actors. Action is what the people who
attend these plays crave, and action
is what they are given in abundance.
Perhaps THEODORE Kremer writes more
of these blood and thunder" plays than
any other man. He grinds them out
by the score. and it is said that he is
now a millionaire from the royalties
of his hair raising plays. Some of his
plays are, THE Fatal Wedding" No
Bells for Her." THE Great
Mystery" and innumerable
others. Charles f. Blaney and his
brother, Harry c. Blaney. started out
Denniless doing song and dance stunt.
and then Charles E. conceived the idea
If writing melodramas. He wrote
Across the Pacific" starred his brother
n it, and now both of them are worth
thousands of dollars. There are numer- {
'us other examples like those men,
ioned. I
Many people think that these plays u
ave a bad influence on their audiences t
n all of them. however. the villain is t
oomed and virtue triumphs. They all I
ave kind of moral lesson which the |
eope who hear them usually take TO {
cart. 7
The writing of these plays is a great v
usiness. They seldom, if ever, fail; :
n the other hand, they usually last
Or at least three seasons. and the bust ;
ess they do is enormous. b
University Missourian. [volume] (Columbia, Mo.) 1908-1916, 1908-11-06

THE University Missourian invite. -.
buttons. not to exceed 200 words. On vsxS.
Of Uniyersit interest. The name Z
not be printed unless desired ne n.s
| sity MissOurian does not express sne,!n, W.
disapproval Of these communication hv
ing them.l
Music in Columbia.
10 the Editor Of the University Missour,.,.
Many people who are interested :,
musical education feel that Amer;..,
universities do not afford sufficient On
portunities for developing music,
taste. They wish especially to indue.
the American man of education to d;..
cover for himself the truth that N.
idealism of Art is a necessary counte,.
balance to daily materialism. With tb;.
end in view, free courses of e;oa,
monthly concerts are being given nov
at Harvard, Yale and several other col-
leges. The courses consist of classical
and modern chamber music in charge of
Arthur Whiting, a well-known musician
in Boston, assisted by suitable artists.
Here in Columbia a series of six fra.
is now being offered at thu
Baptist church. This series will enahl.
our students to listen to representative
music taken from many sources. from
he most formal style of the older com.
,osers to the impulsive, untrammeled
of the modern schools. Mn.
icians who understand their art will
Interpret these composers by means of
'rgan, voice and violin.
These Saturday afternoon recitals are
distinct benefit to the University stu
ents and should be counted among the
Important things of the week.
University Missourian. [volume] (Columbia, Mo.) 1908-1916, 1908-11-06
Effect OF PANIC

That this country's present tinancia
and industrial situation, twelve month
after the Wall Street panic day of 1907
is not as rose-colored as the Stock Ex
change anticipated, at the height of tn,
mid d-summer bull movement" every on,
now admits. But it is equally certain
that the condition of things is very
much better than people would have
dared to predict, on the day when credit
had almost stopped on the Stock Ex.
change. Looking at the actual result
from both points of view, the question
will naturally occur to mind at this
anniversary. Are We better off, or
worse off, than We were year after
other great panics in our history?
Comparisons with the anniversary of
the panic of 1898 will give cause for
eongratulation. The crisis of 1898 came
in the last week of July: in July, 1894,
the industrial tide was fairly at low ebb
Even on the Stock Exchange, prices
were close to the lowest of the year;
outside, depression was profound. La
Dor was in open revolt, the railway
union had seized the Chicago terminals
and obstructed traffic; gold was flowing
out; the Treasury reserve was imperil-
led, and on top of all, the corn crop
failed. Today. Wall Street can afford to
he sorry for the Wall Street twelve
months after the last preceding panic.
But 1894 was peculiar; it should be
more interesting to see what was hap
pening. twelve months after the panic
of September, 1873. The answer will
surprise some readers. There was. so
declared. contemporary review of Sep
tember, 1874, 'an evident improvement
in tone and activity in mercantile cir
cles, revival of speculation on the
Stock Exchange, and steady apprecia-
lion in values" So that our impatient
Wall Street "booms" around the present |
are not novel precedent.
Twelve months after the panic of Oc- |
-ober. 1851. the financial East was grad |
tally getting on its feet, there had been
ak of speedy return to former condi-
IONS. as far back as the spring of 1885,
They We're delusive. as the people of
9OS know they are apt to be; but by
october slow recovery was under way.
The trouble was with tine West. from
which a keen observer wrote. very
hortly afterward:
Railroads partly constructed and
topped for want of means: blocks of
uildings, ditto; counties and cities in
olved by issue of railway bonds, and
insolvent: individuals trying
stave off the satisfaction of debts.
bligations, judgments. executions-such
) the all but universal condition.
On the whole, one is apt to conclude
hat taking after-panic reactions as they
ome. 1905 gives little for people to COM
lain Of. After a while, we shall know
1874 with which, up to this time. the
nalogy has been singularly close, will
r will not continue to furnish prece-
York Evening Post. |,