davidaulloa/AmericanStories huggingface dataset:
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-28
STEEL TRUST EMPLOYEES
GET 125 PER N PROFITS
10000 Will Share in Dividend, Which
Amounts to Several Million
Dollars.

NEW YORK. Jan. 2S.-Employees of the
United States Steel Corporation who hold
stock subscribed for under the profit
sharing plan Of 1908 have been notified that
they will receive an extra dividend of 65.4
per cent.
Including the regular dividend at the
rate OF Z per cent. a year, and the regular
bonus of 5 per cent. a year on all stock
held by employees for five years, the pay
ment of 1914 per cent. gives the subscriber
total dividends of 1854 per cent. in five
years, or 1923 per cent. more than the
original cost OF the stock, which was
$50. so q share.
Under the profit-sharing plan of 1903
nearly 5000 shares Of United States Steel
preferred were subscribed for. Had all
the employees held their stock the 6S.4 per
cent. dividend would represent a hisburse-
ment Of IS, 270,OOo. IT is estimated that
10000 employees will participate in the
disbursement.
Since the profit-sharing plan became
operative the employees have received in
dividends. bonuses and extra dividends a
total of about 500 900.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-28
MITCHELL NOT
STRIKES
No Benefit to Labor, lie
Says Won't Accept
Office.

INDIANAPOLIS, Jan. 2S.-Opposition
to sympathetic strikes was registered
yesterday by President John Mitchell In
an address before the convention of the
United Mine Workers of America. He
said:
Il have not seen any benefit accrue
from a sympathetic strike. Should the
Western Federation of Miners ask us
to go on a strike to aid their strike.
get out of 1t? What good will accrue to
us?' / do not see that 1t would do us
any good to have the metalliferous
miners on a strike IL we coal miners
were out on q strike. Coal can be mined
when gold miners are not working, but
gold cannot be mined il there is no
coal"
Mr.. Mitchell admitted that in ex-
treme cases sympathetic strikes would
materially assist in the accomplishment
of labor's purposes, and in such cases
he would favor them. He thought a
closer relationship should exist between
the United Mine Workers and the West
urged the miners to continue the con-
tract system, and announced that he
would decline to accept any other office
after his retirement as president on
April l.
d. A. Sullivan, secretary-treasurer of
the Ohio Miners, and Alexander How
att, president of the Kansas miners,
were elected delegates to the Interna-
tional Mining Congress at Paris.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-28
BUSINESS AND FINANCE.
WALL STREET
GOOD DEMAND FOR MARKET
LEADERS.
Reading and Northern Pacific Held
Back When Offerings Become
Too Large.

NEW YORK. Jan. 2S.-Prices of stock.
started upwards with the opening Of bust
ness today. The volume OF transactions
was light and gains were generally small
delaware and Hudson and United States
Pipe preferred rose l and Reading, North
ern Pacific and American Smelling large
fractions.
II a. m.-Proht-taking sales made small
impression on the market, aside from
Reading and Northern Pacific, which were
held back occasionally when the offerings
became too large. There was quite a sub
~stantial demand for the well known stocks,
especially Brooklyn Transit and st. Paul.
Delaware and Hudson improved ga, st.
Paul, Cleveland, c.. c.. and ST. Loui and
Brooklyn Transit >, Reading IA, Mexican
Central, Amalgamated Copper and Ameri-
oan Sugar %, Union Pacific IA and Penn
sylvania, Northern Pacific, Southern Pa
ciic, u. S. Steel preferred and American
Smelling 1. Chicago, st. Paul, Minne-
apolis and Omaha yielded Q and Union Bag
preferred 1.
Noon-Cleveland. C. C. and ST. Louis,
after rising 2 points, relapsed 10 on the
reduction Of the s~emi-annual dividend from
2 to / per cent. The rise In the general
list was halted, but was afterwards re-
sumed. New York, Chicago and st. Louis
second preferred rose & points on the in
crease in its annusl dividend from 4 to 5
per cent. Readings var reached 29s.
American Smelling 9, Minneapolis, st. Paul
and Sault Ste. Marie 1a, Pennsylvania and
Virginia iron ~ n New York Central,
Great Northern preferred, the ore certif1-
Gates, Anaconda, American Ca and Dis
tillers' securities 1. American Linseed de-
clined 1ss. Prices reacted a fraction before
noon. Bonds were strong.
1 p. m.-The market eased off to a
further extent, but there was no pressure
of consequence, the declines representing
a lack of demand rather than eagerness
to sell. Pressed Steel Car preferred gave
way 2 ana Canadian Pacific / below the
previous close.
2 p. m.-The stock market grew more
reactlonary in the afternoon and much of
the days gains were lost. The recessions
averaged about a point for the principal
stocks. Canadian Pacific extended its loss
2 points, Mackay Companies preferred ia
and Atlantic Coast Line Is.
3 p. m.-The market closed firm and
dull. The demand was not sufficient TO
hold prices and they slowly receded, wiping
Pacific, Northwestern, New York Cen
trail and Atlantic Coast Line got q TO l
below last nights prices. National Rail-
road of Mexico preferred sold at an adj
vance of s, Delaware and Hudson "A, Man
haitian Pa and Louisville and Nashville
North American 1. There was some
late rally from the reaction when Read
ing was marked up again to the top evel.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-28
NONE AND EXCHANGE.

Call money in New York. 2d4 per cent.
New York sub-tressury debtor at Clearing
House for 2.O09,5 $50 and since last Friday
it has gained S724,00O from the banks.
Commercial bar silver in New York, 65as
cents: Mexican dollars, A cents, and bar
silver in London. 25hd.
Paris rentes. 96 francs ) confines. Paris
private rate of discount. 2M per cent. ex-
change on London, % francs 1871 centimes.
Berlin private rate of discount, 4s per
cent; exchange on London, 20 francs 40
pigs.
Money on call in London, 3@Sh per cent.
Rate of discount for both short and three
months bills, 3h@3A per cent. The Bank
of England today purchased e21,00 bar
gold in open market; received e30O, 900 from
Egypt and sold e2OS,OOO to Paris.
Foreign exchange market held a firm
tone. Demand sterling was quoted 4.S72GG
+S7A; cables, 4.s76oQ4. S765, sixty day bills,
4.S3S004.S390; short francs, 5.16A, and reich
marks, IS lis.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-28
SECRET RATES
ADOPTED BY
RAILROADS
It so Develops at Standard
Oil Trial by Govern.
T1enf.

WASHINGTON, Jan. 2s.-That secret
rates were adopted by the Chicago and
Eastern Illinois Railroad and by other
railroads in Illinois. developed today in
the trial Of the case of the government
against the STANDARD OIL Company.
Mr.. Dur1nd, deputy commissioner of
corporations, continuing his testimony.
said that in conversation with Mr.. Dodge,
one of the vice-presidents of the Chicago
and Eastern Illinois road, he had asked
Mr.. Dodge whether It was a habit of IL
linois railroads TO make secret rates wholly
within tie State of Illinois. Mr.. Dodge
had replied that secret rates were made at
times. not particularly with the intention
of concealing the rates from shippers, but
to keep them secret from other rail-
roads.
Mr.. Durand submitted a joint tariff of
the Chicago and Eastern Illinois with the
Cleveland, Cincinnati, Chicago and st.
Louis Railway, filed with the Interstate
Commerce Commission, showing a rate OF
ak and one-half cents per 100 pounds on
oil from Dalton, ILL.,, to East st. Louis,
Out OF this rate he Chicago terminal com
pany was to absorb not to exceed, 50 q
car switching charge in shipments from
Whiting, Ind.
This, il was pointed out, was the equiva-
lent of the six-cent rate given by the Chi
cage and Alton to the STANDARD from Chi
cago TO East st. Louis. The rate of six
and one-half cents was filed with the
Interstate Commerce Commission, and,
therefore. was a public rate. The rate OF
six cents per 100 pounds on oil from Chi
cago to East st. Louis. alleged to have
been given the Standard by the Chicago
and Alton. was not filed with the Inter
state Commerce Commission, as 1t was
regarded purely as an Interstate rate
| urbi~n xxya not raraeeaw - as a IaCa1 nhlf.
cation. for the railroad to file with the
commission.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-28
FOWLER LAUDS
CLEVELAND
IN HOUSE
Jersey Congressman De-
clares U. S. Currency Plan
Worst in World.

WASHINGTON, jan. 2S.-Before ad-
dressing the House yesterday ON the finan-
clal question Charles N. Fowler, Of New
Jersey. chairman of the committee on
banking and currency. sent to the clerks
desk and had read a newspaper clipping
in regard TO a conversation between him
self and Speaker Cannon, in which Mr..
Fowler is alleged to have been told that
the Aldrich bill must pass and that in
order to effect speedy. legislation the
Speaker had seriously considered deposing
Mr.. Fowler as chairman of the committee.
These statements Mr.. Fowler branded as
"maliciously false"
Taking up the financial question, Mr..
Fowler declared that the United States
had the worst financial and currency
system in the world instead of the best.
Mr.. Fowler paid a tribute to Grover
Cleveland for his courage in grasping
the free silver monster by the throat ana
appealing to Americans to provide for the
maintenance OF the national honor by
handling and controlling exchanges until
We could recoup our gold" Mr.. Fowler
evoked Democratic applause when he said:
Il, for one, thank God that a man like
Grover Cleveland was President of the
United States that year"
~ Sup-tiedSuIy system OF Ile govern
ment was attacked by Mr.. Fowler as q
curse TO trade and commerce. ut is a
source Of suspicion" he declared, "a
source of hatred, a source of sectional
rivalry" He said he knew nothing that
so constantly aroused sectional feeling las
this distribution of money in times Of
stress"
Incidentally Mr.. Fowler referred to j.
Pierpont Morgan's action in coming to
the rescue of the money market and de-
clared that be was "a giant of giants, Il
hercules of finance, n banker statesman,
a banker patriot" who he said had stool
like a Gibraltar protecting the nineteen
billion Of reserves of our banks, protecting
the occupations of 25,o00,0OO of mon and
women, protecting the national welfare
against the consequences of d more de-
structive, terrific, tragic and appalling
catacylsm than has ever swept over the
of any country"
Mr.. Fowler opposed bond-secured cur
rency and az central sank. He used for
his text the bill introduced by him. pro-
viding. among other things, for baul re-
demption districts, which, he argued,
would meet national emergencies.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-28
TRADE PICKING UP
MANUFACTURING LINES BE-
GIN TO BOOM.
Many Orders Coming in in > Most
Branches and Busy Season Is
Now Looked For.

Business in manufacturing lines in this
city is beginning to pick up again after
the recent depression. Travelling agents in
received than their firms can supply for
several months.
One of the local industries that is show
ing much activity is that of fancy glass
windows This line is doing a brisk bust
ness at present, and would be able TO do
much more but for the lack of glass in
the bulk. The demand for the finished
article is causing the big factories 10 re-
sumo business with a full force.
The electrical supply trade is booming
In the West. and several agents that have
returned say that they could not lake all
of the orders given them because thrir fac
tories could not promise to deliver inside
of six months.
There is also a big demand for all kinds
OF small iron work. both rough and fancy,
and it Is increasing constantly.
The pearl button business is also begin
ming TO pick up. because of the demand for
that article, and the indications point to u
busy season, lasting well into next fall.
A local manufactured, who returned from a
trip through the Eastern States Yesterday,
said that he had more orders thnn he could
handle for the text six months. His far-
tory will resume with a full force next
week.
Another manufacturer, in speaking about
business in general today, said thai he had
been travelling around the country for the
last three weeks and had met drummers
Tor various kinds of business and all Of
them We're very we'll pleased with the
orders that they were taking home.
The only thing that retards business
now, said the mamu1acturer, lis thai
money Is Il little too hard to get, but there
Is absolutely no reason why 1t should be,
because all of the banks areAin a splendid
condition, and have plenty u money, but
they will not let it out as they should.
Here we are with plenty of orders on
hand. but we cannot get money as easily
as we would like to.
But we have got to have the money,
and | guess that when we show the banks
what we have in the way of business we
Will get the cash. There is no supply of
any kind of goods on hand at any fac
tory, because when the slump came four
months ago every factory and shop ship
ped Its supplies as soon as they were
nnished. 1t will be a case of working
night and day for a month or so in all
branches of trade. Necessity is forcing a
general Increase in business, as the con-
apt Is far greater than the supply
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-28
OR K
NOTGUILTYO OF.
RELATING
Decision in Favor Of Cam
den Concern in U. S.
Court--NO Rate Filed

PHILADELPHIA, Jan. 2S.-The charge
of unlawful Relating upon which the Cam
den Iron Works was convicted and fined
5000 in September, 1906, was yesterday
dismissed by a decision filed by Judge
Dallas, in the United States Appellate
Court. The decision is based upo the
finding that no published tariff or rate
had been filed with the Interstate Com
merce Commission, and, consequently, the
Camden company could not have been
guilty of relating.
The government charges were brought
on a shipment Of pipe sold by r. ID. Wood
& Co., agents. of the Camden Iron Works.
to the municipality of Winnipeg, IN 1901.
A published through rate of 1919 cents per
hundred pounds vas in effect at that
time, but a rate of 40 cents was obtained
through the Mutual Transit Company, a
line operating on the Great Lakes. Wood
& Co., were first tried on the charge and
acquitted.
Judge Dallas was supported in his
opinion by Judge Gray. Judge Buffing-
ton filed a dissenting opinion.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-28
REFORM
OF TRUSTS IN
RESOLUTIONS
Presented to Congress and
PreSident.-LOW and Com
perS on Committee.

WASHINGTON, Jan. 2S.-In accord
ance with the action of the national
conference on combinations and trusts
held in Chicago last October, resolu-
tons in advocacy of reform legislation
were today presented to President
Roosevelt and Il the two houses OF
Congress by Seth Low, of New York;
Samuel Gompers, president of the
American Federation of Labor, and
James O'Connell, president of the In
ternational Association of Machinists.
Mr.. Low stated that the resolutions
expressed the desire of the trust con-
ference for legislation, and efforts
would be made to have Congress take
up the several subjects dealt with at
its present session. In brief the rec
concentrations are for a law permitting
pooling agreements among railroads
subject to the approval and supervision
of the interstate Commerce Commits
sion; for the creation of a commission
to consider the entire subject of BUSH
ness and Industrial combinations, n
to report its recommendations to Con-
gress; to amend and broaden the Sher-
man antitrust law, and to provide for
the examination, inspection and super
vision of great producing and manu-
featuring associations.
1t is understood the President made
no expression of his views on the sub
jects dealt with.
Later in the day the committee visit
ed the capitol and made arrangements
for hearings before the proper COM
mittees of the two houses. No date
was set for the committees appearance
before either house, but 1t is probable
that they will be given an opportunity
to present their views some time in the
latter part of February.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-28
THE D MARKET.

NEW YORK. Jan. 2.-Flour-Receipts,
%, 95 barrels; sales, 1000 barrels; quiet and
about steady.
Wheat-Receipts. 5000 bushels; sales,
no. 900 bushels; slightly higher prices pre-
vailed in the wheat market this morning,
due to steady cables, very cold weather
West and covering of shorts. May. 1GS5sa
l09Is.
New York.
Corn-Reeeipts, 5000 bushels; sales none.
Realistically.
Pork-Barely steady; family, 1s.ooq17. 90.
NSugar-Raw, quiet; fair refining, 3,27;
centrifugal, 96 test, 3.77; molasses sugar.
3.02: refined, steady; crushed, $50; pow
dered, 500: graduated, 400.
Petroleum-Steady; refined all ports,
s. 70dS.75.
cofee-Quiet; No: 7 Rio, 81; No. 4 San
tos. Sts.
enthusiastically: New Orleans. 34q42:
Poultry-Dres-eds steady; Western chick
ems, 1000; turkeys. 1905; fowls. 1908.
Bntter-Ffrm, unchanged; receipts, 1878.
Cheese-Firm. unchanged; receipts, 1902.
Eggs-F1rm; receipts, 1858; Western and
Southern frsts. SO.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-28
THE t T MARKET.

NEW YORK, Jan. 2s.-The cotton mar
ket opened steady at an advance of .
points on January, but generally 5 to
points lower under local bear pressure and
liquidation. The loss was increased slight
~ during the first few minutes. but the
market then rallied on Liverpool buying,
denials that German spinners were
curtailing, and covering by room shorts,
With prices steady during the middle of the
morning and about 3 to 4 points net higher.
"he market was not active during the
late forenoon, but ruled steady on con
tinued covering and scattering bull support
with prices at midday about 6 points net
higher on the active months.
Quotations furnished by Van Schaick &
-. D.rn
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-28
LEAVES MusEuM M1111oN.

NEW YORK, Jan. 2s.-By the will Of
Morris K. Jesup. who died last week, ST.
ocO.OO 0 is left to the American Museum Of
Natural History, 100000 to the Brick Pres
byterian Church. of this city; 5000 to the
Congregational Church, OF Westport,
Conn, where lie was born; $500 to the
Congregational Church at Lenox, Mass,
and 5000 to the Westport Library. The
remainder of the estate is bequeathed to
his widow for life, and after her death
it is to go to his heirs.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-28
100000 FOR CITY'S
UNEMPLOYED HUNGRY
Pittsburg Will Put Her Idle Citizens to
Work-rmprovements and
Extensions.

PITrSBURG, Pa, Jan. 2s.-Councils
met last night n authorized bonds
a-ggreeating over 100000 to provide
labor for the unemployed of Pittsburg.
There is great suffering among com
mon labor, and the money can be bor-
rowed without a special election. The
city has considerable money In the re-
serve fund, and will purchase most of
it's own bonds.
Bonds for street improvements will
be issued for $685., $50; for extension Of
the water system, $65S,000, and for the
extension of filtration to the North
Side Cformerly Allegheny, $1,000, 000.
The city ordinances compel contrac-
tors to employ as workmen only those
who are citizens of Pittsburg.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-28
PLANTS REsUM1Ne.

FAIRMONT, w. Va, Jan. 2s.-Monon-
gan mines Nos. 6 and s. of the Paramount
Soal Company, in which the explosion Of
december 6 last killed $50 men, resumed
operations yesterday.
READING. Pa, Jan. 28.-Another mill Of
sumed today. giving employment to 80
more men. The Reading Company's col
lier1es, to the number of 80, resumed yes
tercay. They employ 5000 men and boys
YOUNGSTOWN. Pa, Jan. 2s.-Tile steel
plant, at Ivy Rock, which has been shut
operation today. About 200 men were nut
to work.
YORK, Pa. Jan 2s.-The Monarch silly
Mill, of this place. owned by the Amori-
can SILK Company, has resumed opera
tons after n suspension of four weeks
Two hundred employees were given work.
KUTzTOwN, Pa. Jan. 2s.-Tbe MILE 90
the York Silk Manufacturing Con,nanv
at this place and Fleetwood. have ~,
Sumied operations. A large number of or
CATSKILL, N. Y. Jan. 2s.-The xni4t,,g
mill OF Malcolm g. Co. resumed tiops
'ooay atter a shut down of two months.
BRISTOL, r. l.. Jan. 2s.-Ne,,lv ooo
employees al the Herreshoff boat Ru,i6oo
t u pian5 mere are back to work on full
months on a four-and-a-half-hour tasist
.wEsTBRooK. Me-. Jan. 2s.-rOe min.
baernn inc - Daha warp Company, which hive
sumed the fun time schedule yester9s ! r.
o,a DEr = Mich. Jan. 2s.-rne large
UsHt ~ u. American Car and ifoundrv
Company, NhIeh had been shut law vuAa f,r
some time, 4epened YESTERDAY, eivinsn LOT
! plcyment I'd 5000 men e's'ns em-
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-28
cAMDEN's TRADE BOARD BANQUET.

CAMDEN, Jan. 2S.-Camden's Board Of
Trade had its annual banquet last night
in the Temple Building. Former Judge
Howard Carrow was toastmaster. and
speeches were made by Judge C. ". D.
Joline, Congressman James H. Davidson,
of Wisconsin; Congressman Henry c.
L~oudenslager, OF New Jersey; Mayor
Charles H.. Ellis, e. e. Read, William T.
Browning.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-28
~RAILRoAn EARNINGS.

New York, Chicago and st. Louis, for
year ended December 81, gross $40, 465, gu;
operating expenses S7,757, SIS, increase sly
SIT; total income $2,727,S19: first charges
81, S22, 315, increase s67, 500; surplus 81, 405, Q54.
Canadian Northern, December, gross ss01,-
$5SS, 400; net $242, 700. increase $114,300. From
July first, gross $500 800, increase 81, 391, 800;
operating expenses 1888, 500, increase 81, 1O1,-
COO; net 81, Cos, 400.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-28
THE LoNnoN MARKET.

opened quiet today. Union Pacific advanced
Y and Canadian Pacific declined a point.
but the rest of the list ruled within a
small ~fraction of yesterdays New York
closing.
Prices later declined, but the New York
opening coming steady. a recovery ensued.
The market closed firm and active.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-28
CHICAGO GRAIN MARKET.

CHICAGO, Jan. 2s.-Wheat opened firm.
the result of smaller Northwest receipts
and a firm Liverpool market. May, 101A.
Corn was firm chiefly id sympathy with
wheat. May, 61$s@611a.
The oats market was dull and steady.
May, $685..
Provisions were active and prices were
easy. May pork, 13.021a; lard, 1856. and ribs,
6 aHL6S OF.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-28
EX-SENATOR MILLER ASSIGNS.

NEW YORK, ian. 2s.-Former United
States Senator Warner Miller today made
an assignment for the benefit OF his cred
itors. Mr.. Miller Is largely Interested ia
gold and copper mining in the United States
aud British Columbia.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-28

Although James Stillman resigned from
a number Of important positions he did not
resign from the directorate of the Consol-
dated Gas Company.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-28

Western railroad presidents say there are
signs of Improvement, but they believe the
Improvement will be slow.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-28

The Consolidated Gas Company has laid
aside over $6.0Oo,o00 from its earnings. so
that II TIE So-cent gas law in New York
is declared constitutional they will have
to turn over that amount to the consumer
who has been paying 81 per Thousand feet.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-28

The Steel Trust will meet at 3 o'clock
today to announce the quarterly earnings
for the quarter ending December 81. and
what action the directors will take on the
dividends.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-28
BIG COAL SHIPMENT.

PITTsBURG. Jan. 9s.-About 100000
bushels Of coal were shipped south from
here today.