davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-04-25
FINANCIAL AFFAIRS
STRONG STOCK M1RkET.
Handsome Net Gains Madc-Penn-
syllauid LOan-Bauks Gain Cash.

The pronounced favor with which the Penn
sylvania bond issue is being received continued
yesterday the most potent influence in the stock
market. which on heavy trading ruled strong
during the session and closed with net advances
throughout the list, many of the gains being
from ] 10 5 points each There is every indiCa-
ton that the Pennsylvania offering will be large
" oversubscribed. both here and in Europe, and
the prospect of its success in giving demonstra-
ton that longterm railroad bonds can be sCOd
has aroused a widespread expectation that 4
market can be found for the obligations of other
roads and thus has stimulated bullish sentiment,
for the obtaining of money by the railroads
would, by enabling the roads to resume their
betterment and extension operations. have
QUickening effect upon industrial conditions
generally. The Mcintyre failure, which came
rather surprise. had no depressing market eff
feet and its immediate result uplift in
prices. due TO extensive covering of shorts, as
the house had been heavily committed on the
short side Items of such as the report
Of the Pennsylvania $4,000 idle freight cars
on the lines east Of Pittsburg and Erie, against
1000 a few weeks ago, were not discussed nor
was much attention paid to business and indus
trial conditions, which do not appear to be max
ing marked Improvement, the feeling being that,
as Wall Street anticipates in its price move
ments falling off in trade and industrial aCtv
ity, so it anticipates a recovery The heaviest
dealings of the day in Union Pacific which
advanced to new high record for the year and
closed AT 133 =, almost the best of the day, a
net gain Of 212 points. The confident buying
OF this stock may not be unrelated to the forth
coming bond issue of the company. for which
success commensurate with that of the Penn
sylvanias Is hoped for Among other high
records since the first Of the year that of
United States Steel common. which touched
364s
The foreign exchange market was steady, with
virtually no change in rates and did not show
any indication of opera tions in anticipation of
The placing Of the foreign allotment Of the Penn
sylvania loan. which is expected TO be $40, 900
GOO, or one-half of the total amount There
were no announcements of further engagements
of gold, but negotiations We're in progress which
will probably result in shipments next week
The local money market continued in it's con-
dition Of extreme ease, and time funds We're Of
tered in amounts greatly exceeding the require
ments of borrowers. The preliminary estimate
of the movement Of money during the week
showed a probable gain of nearly 81 900 O00 bv
the banks, III spite of the loss of S65OO.0OO Of
gold, Il showing made possible by the heavy
gain from the interior. estimated at about 81
100000, and addition to the surplus reserve.
although probably small one, may be seen in
o-day's bank statement.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-04-25
JACKSON BLOCKS MUTUAL RESERVE.
Objection to Reinsurance of Policyholders
IN Pittsburg Company Sustained by Court.

Because O. Attorney General Jacksons objec
tons. Judge Ward. in the United States Circuit
Court yesterday. withdrew his informal approval
Of q contract which receivers for the Mutual
Reserve Life Insurance Company had formulated
With the Pittsbu-g Life and Trust Company, where
b. the latte was o reinsure the Mutual Reserve
Iolicyholders-
Mr.. Jackson submitted = memorandum 10 Judge
Ward. IN which he said: 1t very clear that
person other than receivers could solicit resident
policy holders Of the Mutual Reserve in this state
10 insure with the Pittsburg company There must.
therefore. be some question TO the right OF the
receivers do %. / DO not think that the order
should be unless. indeed. the court be con-
WINGED that my suggestions are not important
In his decision Judge Ward said that the Attor
rsey General had informed him that he objected
10 the contract before he approved 1t informally,
but nov that Mr. Jackson had based his objections
or the ground that the Pittsburg company is a
foreign company and not entitled to 90 business
in tins state. that the proposal came within
the prohibition OF the statutes of the state, he felt
constrained TO reconsider the matter
Judge Ward sad that IL seemed unfortunate that
The aboIs 81 The receivers L. provide means
..gser.l,y Mutual Reserves policy holders could
continue Il -Ir insurance should come 10 naught-
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-04-25
Outside SECURITIES.

The larger part of the in market for out-
side securities was given over to the hisn pficso
speciaIties which attracted further attentioh %
their sensational upward movements <.ssI
.I.euber. showed fair animation. with fractional
improvements rule. American Iooacco rs
40 points with a subsequent reaction or 10.
eneared tn he a scarcity Of this stock and In adol-
ton there was a MINOR that large extra diVloehu
disbursement would be made. Standard oii. on a
large volume of dealings. rose 20 points 70 vi
highest nrice touched in a long period Standard
Milling preferred advanced points on reporteu
buving in for the account OF T. A Mclntyre -,
the mining shares Boston. Butte Coalition, Ne.a
consolidated and Tri-B Bullion decidedly pet'ei
Ncvsda-J-tah Nipissing and Superior & PittspuIs
were firm. United Copper developed cohsiuei ,
wea kness on liberal offerings. but iatcr TeSo'ei
In bonds Consolidated steamship As receipts III
nroved o.. ponts. Erie new notes after an rresu-
lar movement reached new mark. at ~ y y'iA
syIyanfa As were active at an improvement OF -
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-04-25
GOVERNMENT BONDS.

The following shows yesterdays closing quota
tons for government bonds. compared with Thurs
day S:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-04-25
CIN'T BREAK MERGER.
Rock Island Official Tells Of Com
Danu's Relation to Oklahoma.

a high officer OF he Rock Island company said
yesterday. when asked regarding the truth OF a
report from Chicago that the dissolution Of the
holding company was planned by the Rock Island
interests to satisfy the demands OF the State of
Oklahoma for he segregation Of the Rock Island
and Frisco systems. that it was hardly probable
that such plan Mould be adopted.
The authorities Of Oklahoma have requested the
Rock Island company to dissolve the corporation.
he continued. claiming that the so-caiied merger
Of the Rock Island and Frisco lines is against
the constitution of that state. The constitution
which the merger is alleged to be in violation Of
however. was adopted subsequent TO the consu1n-
nation Of the railroad deal Ne have been in con-
eultation with the Oklahoma officials with view
70 formulating some proposition satisfactory TO
the state for the segregation OF the Rock Island
and Frisco lines in that state
No definite results have Vet been arrived az
and the matter Is still under discussion. Whether
or not such segre cation within the state Mill be
made remains 10 he seen. The Chicago report is
z broad generalization Of plan which may he
made effective N the State Of Okla homa only II
Is by 10 means certain that such an arrangement
will be made even applicable TO that state
Runlors Of some sort Of adjustment OF the
Rock Island companys affairs have been current
for several weeks II said good authority
yesterday that OF the matters the leading in
teresrs in the company had under discussion was
that OF giving the common stock greater voting
power At present the holders Of a fraction over
onehalf Of the 81 preferred stock outstand
ing have the power elect seven directors TO only
for holders IF the SOS 90 common stock,
and as the preferred stock is controlled by a few
men whose representatives on the board always
vote together on any proposition. these men con-
troll the entire system and can dictate its policy
without regard the wishes of the common stock
holders. 4 change that would give the common
stockholders majority in the board would, II is
believed by interests identified With the present
control. make the Of the more
popular with investors and would also do away
with much OF the criticism that has been directed
against the company Various plans looking 10 a
change the voting power Of the two classes OF
time. but hitherto without result
Il Is said also that the Rock Island management
Is contemplating III. substitution of some dividend
earning security for the SIS 94 300 non-diydend pay
Ing common stock Of the ST Louis & San Fran
cisco Railroad COMPANY. put up collateral for
the authorized issue Of Slsolcg0 per cent Collat
eral trust bonds, due September /. 1913 The fact
that the interest must be paid regularly on these
bonds. while income is peing derived from the
stock by which they secured. is looked upon
unnecessary drain the finances of the
company. but far. il Is said in well Informed
quarters satisfactory plan for substitution OF
collateral has been worked out
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-04-25

Total sales Of bonds. s4.oIo. 500.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-04-25
ted rates we're as follows:

DOMESTIC EXCHANGE.-Boston. 15c discount;
Chicago 5tc premium; ST. Louis. soc discount: San
Francisco, sight sc premium. telegraph lac pre-
MUM New Orleans. commercial par, bank 81 pre-
MUM: Cincinnati. l0c premium: Savannah. buying
3-16c discount. selling par.
BANK CLEAHINCsS.-New York exchanges
s1s7i57.534. balances sS.S03.90O Chicago
changes $34 $50. balances s2307.03 Baltimore,
exchanges S3.2Ol, ISL balances $500 292 Phlladel
phia exchanges Sl9.9S5.6S9. balances S1.59S.94S;
Boston. exchanges $.2.O33.634 balances S1.212155.
SILVER MARkET.-Bar silver. 54c. Mexican
silver dollars IIc. Bar silN er Ia London closed at
24Isd, decline Sled
GOLD PREMIUM-In Madrid. 1915; Lisbon
1850
MEXICAN EXCHANGE.-Mexican exchange on
New York is quoted @.02c
GOVERNMENT NEUTRALITY-SUSPICIOUS. receipts
reported from Washington. s7S3.0S0; internal reve-
receipts. S112,30i miscellaneous receipts
S576.637. Receipts for the day. s2.072.oI9
penditures. s2,620.000. Receipts for the month TO
date. $35425 GOO expenditures. sac 720. 900 excess
OF expenditures sl1294.4o0. Receipts for the year
to date s4s5. ei5.S7e expenditures. s542 tS4. s21
excess OF expenditures. s4s. 96s.56l-
SUB-TREASuRY.-The Sub-Treasury was debt
or 10 the Clearing House 3l,154,2G0.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-04-25
MONEY AND EXCHANGE.

MONEY MARKET.-Money on call opened at
IA per cent; highest, per cent lowest l - per
closing. & a ? cent: last loan 80 per
cent; ruling rate, y per cent. Time money was
In moderate demand, and offered quite freely.
Rates "a pa per cent for sixty days 2i2 per cent
for ninety days TO per cent for four months, II
to 80, five and six months 3s4 10 for over
the election az TO "a. for one year. Mercantile
paper came into the market in fairly large volume
ABSORPTION was moderately good the better market
being the of Rates. IL to > per cent
sixty and ninety days Endorsed bills receivable,
as well as for choice six months single
names; 3 II per cent for others.
FOREIGN EXCHANGE.-By the end of the first
hour of business. the foreign exchange market had
become shade firner. with cables quoted at
4S755 a $3.50. demand sterling at i.SI Il a 1880
and sixty-day 4S4s5 q 4S4sO. Short francs
were 515as less 1-32. and for short reichsmarks
50 q less 1-32 The market held steady in the early
afternoon with 4.S755 q 4.s160 for cables.
4S7L a 1880 for demand sterling and 4.S4S5Gp
4s49O for sixty-day bills. Short francs a
little easier at 515"s less 5-64 while short reichs-
marks held around 95as less l-32. There
particularly good demand for sterling cables. The
ma rltet was shaded slightly the close 4ST55T
4S76O for cables. 4S7I4 bid and asked for demand
sterling and ASSOC 1890 for sixty-day bills.
Cd
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-04-25
AMERICAN SECURITIES ABROAD.

London. April q. p. m.-The market for Ameri-
can securities was generally steady. Final prices
follow.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-04-25
NEW YORK CITY BONDS.


interchangeable. tCoupop. Unregistered,
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-04-25
London New York New York
na...a I.-n IL. a.,

FOREIGN MONEY MARkEI--CaN money in
London. , u per cent; open market discount rate
for short bills. 9-16@ 25s per cent; long bills.
. I-l6 per cent. Berlin discount rate. Is per cent
Paris discount rate. 1l-l6 per cent Paris
change on London. 20 francs l212 centimes Bar
gold. 77s l02sd. Berlin exchange on London, 20
marks As q pfennigs.
FOREIGN SEcU RITIES.-Br British consos Tor
money. sea. per cent: for the account Sc 1916
French Tentes. 50 francs 40 centimeS
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-04-25
RAILROAD EARNINGS.

BUFFALO. ROCHESTER & FIr7sBUaG
1905 iss7 Hs
C11r7hsr Of miles ....- - .-., 80 SO -
Thfrd week in april Slo@+-g - a. =. ~
JuIy / 10 April IL 6--el'ts $500
GULF SHIP ISLAND
Number % miles 80 20 s5-s4z 4B
Second week in April-- "a 100 ra-s 40 L6559s
Fu,DAGO & NORTFtEAsTEFN
Second week in april SD - Sssste
July l 20 April Il t>''0o'
IN r-LlT ,,.s.rs S9s9as s3=i
Second week n %pIll-- If911s s5q7 80 ASSES
MEXICAN INTERSATIoNAL
Second week n AprlI-- - -, AZ y. 553Ils
july 70 April IL o.4-o-'-
NATIONAL OF NEAllp -.
e-4 neal, =, April S2a2 oss $50 lS ~
I3fy Il - april II 80 Z. 80 90 i2'5'@45 "'-'F
TOLEDO. ST LOUIS < WaSI1A'~
July April - 5000 o-I'9--3'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-04-25
COBALT STOCKS IN TORONTO
,n5 c,rrartrd daily hy &
PHILADELPHIA STOCKS.

FURNISHED by Charles II Barney 4 Go. No. y Rrosd
PhiladeIphial
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-04-25
INACTIVE STOCKS.

The following were the last actual sales and the |
closing quotations for stocks IN which there were |
no transactions yesterday the New York Stock |
Eych
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-04-25

a 5 % DAY % s period
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-04-02
COTTON STATES
READY FOR PLAY

Jackson, Miss, April 1.-(Special.)- 1.-The
baseball season for the Cotton States
league opens tomorrow with games at
Jackson, Meridian and Vicksburg. Gulf
port plays with Jackson, Monroe with
Vicksburg and Columbus with Meridian.
Arrangements have been made for a
great day in Jackson, and quite a crowd
of out-of-town fans is expected, especially
from over the Yazoo branch, which will
hold its outgoing train in the afternoon
until the game is ended.
Manager Roy Montgomery of the local
aggregation announces the following as
his lineup for the first game: Taylor,
leftfield; Claire, shortstop; Montgomery,
centerfield; Pickens, second base; Black
burn, third base; Saillard, first base;
Bond, rightfield; DaCosta, catcher; Tuck
er. pitcher.
President Crowder has announced Bam-
inert, LaRourke and Hall as umpires.
Bammert will open here. LaRouke in Me-
ridian and Hall at Vicksburg.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-04-02

exception of Pitcher McNeal, all but
Houtz secured bingle or two.
Meek led the hitters with two swats
in four trials and Wordsworth was close
behind with a percentage of 400.
1t begins to appear that Wordsworth will
be a popular favorite this season. He
never hit better than at the present time,
and his fielding is perfect. On account
of the rejuvenation of a strained tendon,
the hefty one is running bases decidedly
better than last season.
There is one thing about Molesworth's
hitting that pleases. He not only hits
a big Lacquer as easily as one from the
bushes" but he hits every day in every
season.
Frank Chance did not last longer than
the first inning yesterday. He was struck
on the leg by one of Ables' swift ones,
and although he went to base and ulti-
mately scored he appeared no more dur
ing the afternoon.
However it was possible to continue
the game, and the fans did not see just
cause for leaving the grounds at that
particular moment.
A fan writing to the sporting editor OF
The Age-Herald inquiries for the real
name of Cy Young.
Until this inquiry was received we had
no doubt but that his name was Cy, or,
possibly Cyrus.
If he has another name we give it up
with apologies. He is IL years of age,
and is still going some, if that is any
consolation.
All of which reminds that it's a pity
every member of the present Board of
Aldermen doesn't give the fans
chance to describe him with the ballots
this season.
There might be some more swatting
and some other rank exhibitions.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-04-02
WILL GIVE MEYERS
CHANCE TO SHOW.

Due to his earnestly expressed
/ wish to report and try for
} berth, and to the recommended
, ton of Manager Roy Montgom-
, cry of jackson, Harry Meyers,
. first baseman drafted by Bir-
: mingham at the conclusion of
, last season, will be ordered
J forthwith to Birmingham.
, Meyers at present is in Louis
, vile, KY. Manager Vaughn at
; first planned not to bring Mey-
, ers to Birmingham, but to sell
. him, or let him find a berth for
, himself.
However, Montgomery urges
2 Vaughn to give the lad trial,
. and Vaughn will do so.
, Montgomery states that he is
!. a magnificent fielder, very fast
. on the paths, and an excellent
. hitter. Montgomery predicts
: that he will sting the ball as
Z hard as .280 in the Southern
: league. He is a large man. but
Z carries no surplus weight. Mont
: gomery states that he Is
Z bug" but that 1t is possible to
z handle him and make of the
. youngster a valuable man.
2 Manager Vaughn wired Mey-
3 ers last night to report inime-
diately.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-04-02

Catcher Morans face looked familiar
yesterday afternoon, and inquiry devel-
Gped the fact that some years ago he
was with Montgomery, having been draft
ell from the Pretzcls by Boston.
Orval overall is perhaps the most popu-
lar member of the Cub organization. He
is a graduate of the University of Calf
fornia, is fraternityman, and an all
round good fellow Season before last
he was with Cincinnati, ana on one occa'
sion Birmingham saw the ba-ons defeat
aim at West End.
Mordecai BrowE the "three-hngered'
wonder, perhaps the greatest twirler OF
the day, had all the little boys about MIN
yesterday So popular is Brown in Chi
cago that a Brown necktie is on the
market The great pitcher says, very lit
Tie and is of retiring disposition.
Second Baseman Jack Evers was out
the game yesterday on account of illness.
He is one of the greatest in the business,
and the fans hope to see him work before
Chicago moves onward.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-04-02
Tigers Slug the Ball.

Little Rock, April Especial -Detroit
scored two runs in the fifth inning today
and Little Rock came back with a quar-
tet. The Travellers had been playing
good ball and it looked as if they had
a chance, but when Forester replaced
Folbre the Tigers fell on the pitcher for
four runs.
Schaefer's three-bagger produced two
more in the ninth Drake and Jones,
batting for pitchers, drove in three runs.
Sam Crawford and Ty Cobb were in the
game Thiel played star game, driving
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-04-02
BASEBALL RESULTS.
PretzeIs Beat Brooklyn.

team this afternoon, getting more than
twice as many hits and making less THAI
half the errors. Two old Southern league
pitchers were tried out by the visitors, Nc
Intyre and Wilhelm. Pitcher Demare has
been sold to Macon. Score: R.H. E.
Brooklyn .................lOO 100 OO2-4 D
Montgomery .............0 600 0O3 1915 10 2
Batteries: Wilhelm, Hunter, Mcintyre
and Ritter; Stackpole, Crystal, Helm, and
Messett and Shannon. Umpire, Suckney.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-04-02
COLLEGE GAMES
Howard Wins Again.

GAINESVILLE. Ca, April 1.-(Special.)-
Howard won the second game from Cor
don, this afternoon by score of Q to Z.
The feature of the game was the batting
of Dennis of Howard, who got a home
run, a two-bagger and single.
Towards fielding was good and batting
superb.
For Gorden, McWhorter hit home run.
Batteries: Moon and Burns; CHM, Mer-
Ger and Smith.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-04-02

Greensboro, April 1.-(Special.)- 1.-THE first
game of the season on the Southern uni
versity campus took place this afternoon
between the home team and the Agricul-
tural and Mechanical college of Missis-
sppi. The game was fast and snappy
until the seventh inning, when errors
we're made
The score being tied in the ninth in
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-04-02

While Birmingham was smashing the
offering of Mr.. Fraser and Mr.. Donehue
to every corner of the lot totalling nine
juicy swats, Atlanta was facing the ter
rife benders of bush leaguers.
1t is not with a spirit of animosity
or peevishness, but with the intention of
calming the fears of the local fans, that
mention is made of the fact that while
the Barons doubled the hits made by the
Cubs, Atlanta got but one-half the num-
Der CLEANED by the 'bushers.'
This might spell something, and then
again it might not.
And Charlie Frank suffered a defeat
at the hands of Cleveland yesterday aft
ernoon and such defeat-13 to l.
Nevertheless, the Pelicans have done
well this spring. and unquestionably will
be in the fight for the Southern rag.
But Montgomery stood its ground and
walloped the socks off the Brooklyn SUI
perbas. This reminds that Montgomery
team is showing up well and that the
Pretzels, for the first time in years and
years, might be in the race this season.
Let us all hope SO.
The action of Henry Meek, first base
man, is a serious matter. 1t begins to
appear that he is unable to get about
faster than walk. If this is true, he
should get in shape at once, fo- the sea-
son is right upon us. If he tan get about
faster he should do so, if for no other
reason than to relieve the fears of the
fans.
At the present time it proves disad-
vantage every time he gets on base. The
music of his swat is music, indeed, but
energy and pedal work are necessary In
making the old organ give up its best
and richest notes.
The Barons had on their hitting gar
ments yesterday afternoon and with the
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-04-02

luicy double to left, and went to third
On Walters out to the inield. Houtz,
otter Ables had famed, stung one vici-
OF sly to short, and Hoffman, who had
relieved Zimmerman, miscued, opening
the pathway home to Downey.
In the ninth, hope blossomed again.
hut soon died out This poisoning was
cue to successive raps by Meek and
Reagan, which, unfortunately, occurred
after two were dead.
Shortstop Zimmerman, in stealing sec
oil in the fourth, sustained an injury to
his ankle and was removed from the
field. He was succeeded by HOFFMAN,
who appeared to certain advantage.
The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1908-04-02

Summary: IW0-Dase HI1s my
Ables.
Sacrifice hits-Zimmerman
stolen bases-Demont. King, Zim-
norman.
Struck out-Ables, q McNeal; Fras-
err 4.
Bases on balls-Off Fraser, l; off
Donehue, 8 off McNeal, 3; off Ables, l.
Wild pitches-Ables, 4.
Hit by pitched ball-By .Ables, 8
(Schulte, Chance, Zimmerman); by Nc
Neal, 1 (Howard).
Innings pitched-Ables, 4; McNeal, b;
Fraser, 5; Donehue, 4.
Hits apportioned-Off Ables, 2; OF
McNeal, Q; off Fraser, 3; off Donehue, 4.
Time of game hours.
Attendance, 3000
Umpire-Harris.