davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-08-02
FOREIGN STOCK MARKETS.

LONDON, August 1.-Business on the
STOCK exchange during the past week was
naturally restricted, owing to the set
Element and the holidays, but the markets
developed steadier tone, especially Brit
1sh securities. under the lead of consols.
which closed Il higher at $685. after touch
Ing S6h and S7h. The Improvement oc-
CURED on the cessation of the Indian SELL
ing and increased investment purchasing
at the lower level.
Better dividend announcements and
good weather promising better traffic re-
turns helped home rails, but interna-
uonal securities weakened on selling for
continental account, the bourses on the
continent being nervous with regard to
the Turkish situation. Copper shares
moved steadily upward on persistent re-
ports of prospects of improvement in the
metal. This aroused increased speculative
interest on American and British ac-
count.
Business in American railroads was
small and confined entirely to the pro-
fessionals. The daily movements were
narrow and uninteresting. Crop pros
poets helped the grain and cotton carry
ing roads, but beyond an advance i'm Ca
Improvement on the week was barely
point. although the final tone was stead
Ter on the announcement that the Wheel
ing and Lake Erie notes had been ar
ranged for.
PARIS, August 1.-Prices on the bourses
today were firm. The private rate of dis
count was 1 GIG.
BERLIN, August Prices on the
bourse today opened higher, but fell to-
ward the close
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-08-02
BANKS MAY LOSE CHARTERS
If They Comply With Oklahoma
Guaranty Provisions.

National banks in Oklahoma will be
informed by the controller of the cur
rency that their charters may be re-
voked if they comply with the provisions
of the State banking act requiring an
assessment of l per cent of every banks
daily deposits as a depositors guaranty
fund AT the request of the Secretary of
the Treasury Attorney General Bona
parte has rendered a long and important
decision OH the subject holding that
it is illegal for the officers of any ma
tional bank to enter into such an agree
ment as is contemplated by section of
the Oklahoma statute, and that persistent
and willful action to this effect on the
part of such bank would be just cause
for the forfeiture of it's charter"
Oklahoma. in her first legislation. pro-
vided for a guaranty fund of depositors
of national banks and required a state
banking board to levy against the CAPT
tai stock of every bank an assessment of
l per cent. of the daily average de-
posits This fund is to be used in pay
ing the depositors of any bank included
within the terms of the statute any de-
ficiency there may be in the amount to
be received by them from the assets of
such bank in the event of failure. The
law does not compel national banks to
enter the arrangement. but gives them
the opportunity to do So In accordance
with this a number of Oklahoma banks
have entered into the arrangement and
they will be called down by the con-
troller whose position is sustained by
the Attorney General. His position is
that the corporate powers of national
banks are enumerated in the national bank
act and they cannot use their funds to
enter into any guarantee of deposits of
other institutions. Their powers are lin
tied to using their profits to meet cur
rent expenses. losses and payment Of
dividends.
w. J. Bryan sought to have Congress
establish a guaranty fund for depositOrs
i'm national banks and claimed that 1t
would do away with panicky feeling
in time of financial fright. He ap-
proves the Oklahoma law as one of the
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-08-02
NEW ORLEANS COTTON.

NEW ORLEANS, August 1.-Spot cot
ton quiet, with prices unchanged; mid
ding, 10as. Sales were thirty bales on the
spot and none to arrive.
Futures opened steady. two to three
points below the close yesterday, as a re-
suit of unfavorable advices from New York
which was the only other market to serve
as factor, Liverpool being closed. Fol-
lowing the opening the trade appeared
more inclined to look upon the govern
ments condition report of yesterday as
a bullish factor of Importance, and to this
fact was attributed fairly steady ad-
vance in the face Of a bearish weather
report and bearish weekend figures. The
advance continued throughout the day
session, and at the close, which was
steady. the active months were eight to
nine. points above the close yesterday.
Closing bids: August. 9.97: September.
96l; october. 939: November, 92S; De-
cember. 9.2S: January, $50; February.
$50; March. 934
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-08-02
THE GRAIN MARKETS.

CHICAGO, August 1.-Sensational re-
ports of crop damage in the northwest
spurred wheat into almost a runaway
market today. September closing 2lsa2A
over yesterday. September corn advanced
sc. September oats were 1c higher, and
provisions on to 7ha1Oc higher.
The bulls captured the wheat market
this morning with the assistance of hot
weather in the northwest, the effect of
which on the ripening crop may be detri
mental. Black rust was contributing
factor The market opened steady, Sep
tember but slightly changed at 9O1sa9OA to
.UL2. a wild advance at Minneapolis was
taken as confirmation of damage reports,
and under exciting covering by shorts
September advanced to 9212 and closed
the short session only a shade below this.
Minneapolis Duluth and Chicago report
ed receipts of 1913 cars against 476 cars
last week and 451 cars year ago. Pri-
mary receipts were 1,023, 900 bushels
against 961 900 bushels a year ago. Clear
ances of wheat and flour were equal to
fs,6 600 bushels
Corn was Influenced by the continued
dry weather over a large portion of the
territory where previous suffering had
been reported. Reports were again numer
Gus of damage already done, and with
this taken in connection with the strength
of wheat the market received strong sup
sold between 74l1 and 751s, and closed sc
up to 75. Local receipts were 145 cars,
with twenty-five of contract grade.
The oats market was firm III sympathy
with other cereals. Low thrashing re-
turns from portions in Illinois and Mis-
souri, were advertised. while favorable re-
turns from other sections received little
attention. The general trade was light.
September sold between A and 43A and
closed at 45a4jb. Local receipts were 13o
ears.
Hucnces being a higher hog market and no
prospect of immediate improvement in the
movement. September pork closed at 10
-: September lard at $50, and September
ribs at 9.o1l:.
Estimated receipts for Monday: Wheat,
90 cars: corn, 15S cars; oats, lib cars;
hogs. $1,000 head.
MINNEAPOLIS. Mimi, August l.
Close: Wheat, September. 1O1A Decem-
her. 9ss.: No. l. hard, III; No. northern,
1l3K.: No. = northern, H.; No. g. northern,
1niaIOS.
F'lour-First patents. 5.s5a6O0; second
patents 575aJW; first clears 4.35; second
clears 3-,a:s.60
Bran in bulk, 1S.J0a19OO.
MILWAUKEE, Wis, August /. x Wheat,
No. /. northern. 11312al13; No. =, north
ern. 111a113: September, 92Ea bid.
Rye-No. ], 1Ia1Sla.
Barley-No. > 20; sample 55a6I.
Corn-No. 3, cash, 7Ia7S; September.
1.i, bid.
DULUTH MINI. August Wheat. No.
l. hard. 1I9; No. l. northern, us; No. >,
northern. 1l3: September. 1O0as: Decem-
Der, 9S1a.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-08-02

The sharp upward movement in Erie
illustrated the complete control the Har-
riman party has over the stock market.
Since Mr.. Hartman blocked the Morgan
move to put Erie through a reorganization
few months ago Erie common advanced
from 13 to above 25. The last points
of the recovery have been characterized
by great activity and at times the Old
Cripple has actually taken leadership.
For road which escaped bankruptcy
by the skin of its teeth to be thus jumped
to the front and given a conspicuous posi-
ton among the active issues speaks won
ders for the Hartman mastery over the
Wall street situation. The move in Erie
has been attended by all sorts of rumors
having in common the one hope and ex-
pectation of creating 50 in new money out
of 81 Of old money of doubtful character
George Gould got back to his native
land just in time to have one of his arms
and legs swallowed by Mr.. Hartman.
The little wizard gobbled up Wheeling
and Erie and reached out for Missouri
Pacific and incidentally Rio Grande and
Western Pacific. A few passes were
made over the Pittsburg terminal prop
erty and that, too. seems to be tending
toward the Hartman NAV. The great
absOrber Is scheduled for a western trim
and his time card gives him ten days or
such a matter in the wilds of Oregon be-
yond communication. Gossip has i. that
before announcing his intended journey
he unloaded great mass of stocks. II
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-08-02
NEW YORK DRY GOODS.

NEW YORK. August 1.-The dry goods
market closed very quiet Little new bus
mess came forward either to primary or
secondary distributors. A good trade is
looked for during the coming week. The
auction sale of dress goods will no doubt
attract many buyers who will purchase
lines of merchandise other than those
offered at the public sale. Initial orders
are coming I'm literally from the jobbers
for fall. Burlaps have advanced six
pence per hundred yards on the Calcutta
market. White goods for spring are
quiet.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-08-02

well.
The railroads are making great head
way with their campaign of education
looking to general advance in freight
rates. In addition to the presentation of
cold facts going to show that they can
not make both ends meet unless there is
such raise they are encouraging litera-
ture to prove that i'm adopting higher
schedules they are simply getting into
step with the rest of the world-that rail-
road transportation is the only commodity
OF consequence that has not shared in the
general uplift due primarily to the gold
expansion of the last five or ten years.
They point out with force that this ex-
pansion has established a new and higher
level of commodity prices and that rail-
roads almost alone have been left be-
hind in the uplift They are trying to
show the utter futility of attempts to
stop the advance in the only thing which
railroads have to sell, transportation.
X X
The accident to the w. X Vanderbilt
party in Paris set gossip to going again
on the decadence Of the Vanderbilt power
In the railroad world 1t was almost the
unanimous verdict in Wall street that the
entire Vanderbilt family might be eff
faced without making a serious sensation
In the stock market or in the transporta-
ton field. w. X. Vanderbilt has always
insisted Upon retaining highest official
connection with the New York Central
system and with personally directing
many of its affairs, but as a real power
he has long been subordinate to the
Standard Oil element, headed by William
Rockefeller and James Stillman. Conf
dentially. insiders complain that w. X.
Vanderbilt has been more of a handicap
than a help and that his activity wherever
it has manifested itself has been for de-
moralization rather than beneficial. He
has been away from New York great
deal and in his absence those left in
charge have not felt themselves free to go
or with any plans involving the slightest
deviation from established rules. It Is to
Mr.. Vanderbilt's inertness that New York
Central owes much Of its loss of prestige
and Importance In the race with its great
and successful rival, Pennsylvania. ac-
cording to those who ought to know.
Joseph H. Hoadley has his war paint
on and is going to tomahawk the public
service commission Of New York The
commission outraged Mr.. Hoadley by de-
nying to one of his little New York tran
sit companies. so-called. the right to issue
lot of bonds, ostensibly to be used in
building up an opposition to the trust.
The commission seemed to treat Mr.
Hoadley f1ippantly and to question the
sincerity of his project. Mr. Hoadley will
be identified by the outside readers as a
man who came to the rescue of the down.
trodden south with a scheme to insure 15c
cotton in perpetuity. In this laudable en-
terprise Mr.. Hoadley had for an associate
that other eminent financier Mr. E. r.
Thomas. who in connection with F. Au-
gustus Heinze did a spectacular banking
business in this city before they were
hit by the panic last fall.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-08-02
Concerning Freight Rates.

1t was reported that the trunk lines had
decided to defer until December 1 any at
tempt to advance freight rates, the
criticism of the proposal having proved
discouraging. Suggestions of possible
federal Intervention to try to settle the
wage controversy Of the Delaware Lack
awanna and Western were received with
some misgivings The material reduction.
In operating expenses in June effected
by the Pennsylvania system made q good
impression on securities holders. An up
turn In the price of wheat kept the at
fention focused on the spring wheat
da image reports.
1t was not until the closing that the
proft-taking was allowed to affect prices
Readings net gain of IS after having sold
rs higher than last night, is a fair in
dex Of the days market as a whole.
Bonds were steady. Total sales, par
value, 81, SIC, 900.
u. S. IS have advanced Is per cent on
call during the week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-08-02
Seaboard Air Line.

BALTIMORE. August 1.-Seaboard Air
Line common and preferred no quotations.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-08-02

The Dutch are great believers in United
States Steel. There is one Holland &C
count which carries nearly one-tenth of
the entire common share capital-nearly
SOC, 600 shares. This immense holding is
on behalf of a syndicate which is carry
ing altogether nearly 100000 American
industrials. against which 1t has issued
debentures bearing lower rate Of inter-
est than is yielded by the took. The
syndicate is made up of a crop of very
rich men. and while soundlw grounded,
has withal a speculative feature, as
latitude for profit is given in enlarged
earnings Of the basic companies.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-08-02
New York Mining Stocks.
NEW YORK IMPORTS.
NEW YORK. August /.

NEW YORK. August Imports of
merchandise and dry goods at the port of
New York for the week ending July 81
were valued at S1O.4s2.764 Imports of
specie for the port of New York for the
week ending today were S33. $50 silver
and S155264 gold. Exports of specie from
the port of New York for the week end
ing today were 1851, 123 silver and 500
gold,
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-08-02
Reading Leads New York
Stocks to Higher Level.
REASON FOR RISE OBSCURE
Coppers Continue to Advance With
the Rest.
SOME FREIGHT-RATE RUM0Rs
Belief That Commodity Clause of
Hepburn Law Will Be Held I'm
constitutional by Courts.

NEW YORK, August 1.-Reading led
the market to higher levels of prices to-
day in continuation of the sudden move
ment which developed in that stock late
Yesterday. The cause of the large buy
ing of the stock was not disclosed in the
news. but room traders professed to be
able TO trace 1t to sources possessed of
good information on the property, and
they followed the movement with eager
ness. The showing Of net earnings for
the year to be disclosed by the forth
coming annual report was said to be bet
ter than had been hoped.
There were rumors also that favorable
decision of the suit to test the validity of
the commodities clause of the Hepburn
law was to be expected. which would re-
lieve the coal companies of the necessity
of dispossessing themselves of their coal
properties. These were suppositions, and
were not possible of verification En-
coura cement over the general improve
ment of business prospects w8s given as
reason for the movement also.
Stocks Active.
Other coalers were not markedly af-
1ected in company. Conspicuous trading
stocks. however, were active and strong,
and touched new high levels for the year
The coppers were subjected to some
profit-taking sales following yesterdays
sharp rise, but continued to advance.
The realizing affected the whole list
decidedly at the last. Further considera-
tlon of the Wheeling and Lake Erie note
settlement and it's consequences enhanced
It's importance in the speculative view
The bullish temper of the speculation
ignored anything that seemed unfavora BILE
IN the situation. No account was taken
of Il renewed increase in idle freight
cars for the two weeks ending July 90
of 5.120 reported by the American Rail-
way Association this being the first in
terruption to the reduction of idle equip
ment since April 90
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-08-02

NEW YORK. August mo change
was reported in the metal markets and
business was quiet in the absence of
cables. Spot tin is quoted at 3O5Oa31 90
Copper continues firm with lake quot
at ed 1872 1-2a13.H 1-2; electrolytic at
13.O0a13.25. and casting at 12.75a13OO
Lead remained firm at 45Oa455; spelter
quiet at 4.7Oa4.75
HORIZONTALLY unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-08-02

FOR SALE-BY OWNER. A FEW SHARES OF
GOLD AND COPPER STOCK
In a deyeloped mine: a safe and profitable invest
ment guaranteed. Address Box Ill. Star office
au2-3t*4
Los Angeles herald., 1908-03-29
RAGING COMMISSION STOPS
POOL ROOMS IN KENTUCKY

LEXINGTON, KY. March 2S.-Poo
rooms had their knell sounded at the
meeting of the Kentucky state racing
commission today. Dates were also al
lotted to the three Kentucky tracks
which means that the Kentucky Derby
will be run at Louisville May and not
May 2, as some of the Louisville men
had wished
Following are the dates allotted
Lexington, April 20 to May 2--ten days;
louisville, May 5 to May 30-thirty-
three days, and Latonia, June2 to July
1S-forty-one days.
The resolution offered at the Novem-
ber meeting by Col. r.. F. Clay was
adopted, which prohibits any licensed
track from giving information to the
pool rooms. 1t was also provided that
all trainers and jockeys procure Ii
.cense from the commission.l Owners
and Jockeys must pay $40 and appren-
tices 81.
The commission will pass on applica-
tions and licenses May Is. Col. Clay was
the only absentee.
Los Angeles herald., 1908-03-29
GRIDIRON CIRCLES
ALREADY AGOG
Proposed Meetings of Eastern and
Western Teams Sure to Stir
Things Up-Michigan
Trains Early

NEW YORK, March 2S.-The near ap-
proach of spring, combined with the
structures set upon football in the mid
dies west, has caused a stirring in grid
iron circles i'm the colleges of that sec
tiOn which augurs we'll for some stren-
nous work to come shortly and for a
hard season next fall. The clinching
of game for November IA between
Cornell and the University of Chicago
on the latter's Marshall field has aWak-
ened interest even this early among the
Maroons, and all the talk is of the hard
schedule which has been prepared for
Chicago in spite Of the restrictions of
the western college conference.
Three big games now face Chicago,
those with Minnesota, Cornell and Wis
consin, and the lesser contests are likely
to bring some severe struggles for hon
ors, as the opponents for the Maroons
in these will be Illinois, Purdue and In
diana, with possibly another game, un-
less Coach Stagg decides that he wants
his men to have a two weeks rest be-
fore meeting the Ithacans. 1t was i'm
possible for Chicago to arrange to come
east this fall, when the invitation for
game came from Cornell, but the under
graduates hope that they can meet the
Ithacans at home next year, as they
have not been east since playing the
Army at West Point several years ago.
AS for the University of Michigan,
which is in the cold as far as games
with her near neighbors are concerned,
but which has had several flatterlng
offers from eastern colleges. there IS
every indication that there will be some
hard spring practice this year. Coach
Yost addressed his football warriors a
few nights ago and told them that when
they returned to college on April 20,
after the spring vacation, he intends TO
get them ont on Ferry field in their
togs and for the rest of the term put
them through exercises in tackling,
pnting, charging and passing and get
ting down the field under the ball SO
Los Angeles herald., 1908-03-29

that when college reopens in the fall he
can send them out into scrimmages
much earlier than in past years.
What we lose in the length of sched-
ule has got to be made up some way
Yost told his men, land as Pennsyl-
vania has the jump on us with more
games we have got to go the Quakers
one better by beginning in April to
train for that November game. You'll
not forget in the summer so much of
what is taught you this spring, but that
a weeks brushing up will not have ii
back for you in the fall, and in that
way we will be at least four weeks to
the good when the football season
opens"
Los Angeles herald., 1908-03-29
CRITIC SAYS G0TCH is
TO FACE WORTHY ENEMY
Hackenschmidt Is lnvlncible at the
Stand Up Style of Wrestling,
but Easily Out
tricked

II want to see Frank Gotch beat
Hackenschmidt," says John Rooney
who has seen enough of the game to be
an expert critic, "but I'm much afraid
he's up against it. This is what I'd
like to be sure of: Is, or is not, this fell
low Hackenschmidt as good as the
great Turkish wrestler?
IF Hack is as good as the Turkish
champions it's all over now, except the
formality of paying off. If he is infe-
rior to the Moslems Catch has a good
chance. No man unless he has actually
met a Turkish wrestler can have an
idea of the terrible strength and fe-
rocity of those fat fellows.
Il once wrestled a big Turk, and he
actually picked me up with one hand,
lifting me high in the air, as if l had
been "a ten-pound dumb-bell. Yet l am
told Hack seized Ahmed Madrali, one
of the best of the Turks, ran him
around the ring by sheer superiority of
strength, got him dizzy. and then
whirled him TO the mat with such a
shock that he broke his arm.
"Gotch may fool Hack with the toe
hold and a lot of leg locks that are
unknown to the Russian, but ] fear
Hack will beat him to it on anything
he tries. Hacks best game is a regu-
lar grizzy bear performances stand
ing Nelson, getting a man into his en-
brace and then closing in on him with
a force that drives out the breath and
will even fracture ribs. Can Gotch best
that kind of a game? l hope SO, but l
think he's up against it,
Gotch is quoted as saying his quick
dive to the mat and sudden attack on
Hacks legs will upset the Lion and
have him bewildered before he can get
his terrible but utterly clumsy bodily
grips working. Hack is the best man
i'm the world, standing up On the mat
he may not prove SO terrible, and Gotch
thinks he can outspeed and outtrick
him.