davidaulloa/AmericanStories huggingface dataset:
The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1908-10-06
RARENEI,I. DINNER.

A. A. Thompson of the engineer
Ing stan of the Steptoe Valley Smelt-
ing a Mining. was rendered fare
we'll dinner at the Steptoe hotel last
night by number of the members of
the engineering stan, headed by Mr.
Sorensen Mr.. Thompson leaves this
morning for England.
The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1908-10-06

The will of the late William VI In
graham. of North Hampstead, l.. l..
will be contested by his son on the
ground that II was obtained by fraud
The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1908-10-06

NEW YORK. Oct The stock
market last week settled into a rut
of dnllness and sluggish fluctuations
as the after effects of the violent
speculative adjustment of the week
Continued ON Page Four
The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1908-10-06

The Market today was fairly good
for a Monday. The trading was more
than usual. 1t opened low but rap
idly regained the prices of Saturday,
then held we'll till near the close,
when it became sluggish as though
the buyers and sellers all had their
fill
The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1908-10-06
REPUBLICAN, NOMINEES

WILLIAM &. GALLAGHER
Republican nominee for the office of
STATE SENATOR
Evening star., 1908-01-19
THE FOREIGN MARKETS.

LONDON. January l8.-Trading on the
stock exchange this week developed a
weak undertone In spite Of cheaper money
and the reduction In the Bank OF Eng
lands rate of discount. and although con-
soils show q fractional gain on the week.
quotations in the British section generally
closed below the best points touched. The
weakness was due to professional profit
taking. disappointment at the non-appear-
ance Of public investment az a result OF
the reduced bank rate, and the haste with
which new issues are being launched now
that money Is much easier,
Foreigners during the week made g good
showing with free Paris support, but Jap
anese bonds became depressed at the end
Of the week by bear attacks. owing to the
budget news and unfavorable reports re-
garding chinese-Japanese relations.
American shares. In spite of much ir-
regularity during the week. closed from,
one to six points higher. This was due
principally to Wal. street support, which
mostly favored Atchison. st. Paul, Louis
vile and Norfolk and Western. Various
rumors regarding corporation prosecutions
and receiverships temporarily depressed
prices, but today there occurred q sharp
upward movement In sympathy with the
overnight strength OF Wall street and
bear covering in anticipation OF I good
bank statement in New York. The mar
ket closed quite strong.
Canadian Pacific and Grand Trunk have
been the exceptions to the general I'm
provement. and closed lower on the week,
the poor traffic returns Of the latter sys-
tenn and bear pressure being the principal
adverse influences.
Copper shares rose sharply the middle
of the weak with the recovery in the price
of the metal. but this improvement dis
appeared with the reduction Of the Anal
gamated dividend. Kaffirs as well as dia-
mond shares experienced q setback on the
cancelng of the dividend Of the Premier
Diamond Mining Company.
The reduction in the bank rate caused
market discounts to weaken to ~ per
cent. the market confidently anticipating
that the bank rate would reach per cent
In the near future owing to the increas-
ing strength In the bank reserve and the
Improvement Of conditions at the inter
national money centers.
PARIS. January 1s.-Prices on the
bourse today were firm.
Evening star., 1908-01-19
Cash Gain During the Week.

n. government DOHQS StedOy. ndgII OdO
bonds steady.
Cash Gain During the Week.
The Financier will say:
THE official statement Of the New York
associated banks last week was even
more remarkable, SO far as regarded the
increase in cash. than was that In the
previous week. The gain In reserve was
nearly equal to that denoted in the week
of January IL, while the surplus reserve
shown of $12.6S5.475, was greater than
any which has been recorded at least IN
two years-the maximum in 1907 being
49, A. .225 April 6. and In 1906 $l9, 331 900
July Il. The augmentation in cash. dur
ing the fortnight, has been $44. 500 600. re-
fiecting the volume Of the return flow of
money from the interior. which began to
be important Immediately after the open
exhibit that the question with borrowers
Is no longer that Of monetary supplies
and low rates: the question which con-
fronts lenders is how to employ remunera-
tive.y the vast accumulationS Of loanable
funds.
''The cash gain during the week was
$26 1S5, 800. or more than one-third greater
than that In the previous week: the in
indicated by the most liberal estimates.
which would seem to show that almost
every source Of supply was brought under
contribution to augment the cash holdings
or the banks at this center. deposits were
increased by the almost unprecedented
sum of $685. 800. the result Of the gain
In cash and of expansion In loans. The
required reserve against general deposits
increased 50. 634.3 375. deducting which from
the gain in cash left Sic. 6.551 .425 as the
augmentation in reserve to 1855. 475 sur
plus.
Computed upon the basis Of deposits,
less those of ST. OF. 100 public funds
which were reduced $1.145.000 through
recalls by the Treasury during the week
the surplus is so, 643 $50. Loans were ex-
panded $9.5cS. 100. the first important in
crease in this item shown by the state
ments since the crisis. 1t would seem that
with this plethoric condition Of the banks.
and the prospect that there will be
further augmentation in the reserve in
the immediate future. there should be
rapid retirement OF clearing house loan
certificates: the maximum issue Of such
certificates during the crisis was $97,-
OoO, 900 at the end of December. though. as
officially stated. the amount actually util-
lied was $74.OO0.OOO
1.-THE aggregate has been largely re-
duced In recent weeks. and their entire
extinction viii probably soon be effected.
when the fact is considered that the banks
have. since November %. when there was
q deficiency of $54. 900. 900. restored their
surplus to more than $50 900 600. effecting
a change Of upward Of Sc, 6,O0O. 900. the re-
suit must be regarded as wonderful"
Evening star., 1908-01-19
Bank Statement Forecast
Made Firm Weekend Prices.
READING WAS THE FEATURE
American Smelling Gave Only
Heavy Tone to Market.
THE TRADE REPORTS HELPED
Realizing Progressed Side by S:de
With Rsw Ruying-Northern
Paclfic Led.

NEW YORK, January 1S.-The stock
market counted on d strong bank state
ment today. although the return was not
published until after the close of the mar
ket. in accordance with the rule made
permanent last fall. This expectation
was the principal sustaining force to
prices. The most serious obstacle to the
advance was the heavy tone of American
Smelling. which was heavily sold while
prices elsewhere were advancing.
Reading was the feature of the strength.
Speculative support for the stock was
encouraged(by the announcement of the
agreement OF the Department of Justice
to refrain from enforcing penalties
against the coal-carrying railroads un-
der the new law, which goes into force
on May /. pending a judicial decision Oh
the constitutiona.ity of the law. This
law 'forbids railroads TO own commodi-
ties which make UP their traffic, and
compliance with it by May ] threatened
serious embarrassments to the coal roads
which own coal mines.
Realizing and New Buying.
The United States Steel stocks also
were strong. with notable sympathetic ef-
feet on sentiment, owing to the differences
drawn Of improving conditions In the
trade. Improved collections reported Dy
the mercantile agencies weekly reviews
and hopeful auguries drawn from this de-
yelopment for the revival of commercial
activity were favoring influences on the
market Realizing was in progress side
by side with the new buying, notably in
Northern Pacific, and the gains were not
fully held at the last. The gain of up
wards Of so6,OO0.OO0 in cash holdings re-
ported by the banks is a revelation of
the extent TO which boarded funds are
rushing back into banking deposits.
The loaning power of the New York
banks is thus expanded upwa. DIS of $780,
100000. The weeks slight loan expsn
sion under the circumstances, seems mod
crate.
The strong rise in foreign exchange,
which continued today, with its intima-
tion of possible gold exports. is not likely
TO arouse misgivings in face of this
showing. This cash gain compares favor
ably with the amount of the decrease In
the week ending November = last in the
stress of the panic. when cash holdings
of the clearing house banks decreased
$50 6o1 800.
The gain in surplus reserves of S16,551. :
: 425 just falls shbrt of an actual record,
which was made in the week ending May
2s. 1904. with q gain of $16,6sS,05O.
Bonds were steady. Total sales, par
value $2,362 800.
United States IS. registered. declined II.
the coupons g and the IS IL per cent on
call during the week.
Evening star., 1908-01-19
THE BANK STATEMENT

NEW YORK. January 1s.-.A tre-
mendous flow OF cash from the banks
throughout the country to the New York
city banks was indicated today by the
bank statement. which showed an in
c ease of So6. 800 in the amount OF
cash held by the New York clearing house
institutions. This increase in cash is
not thought to be a record one, but 1t
is believed to approach within a few MIL
lions OF the largest increase ever re-
corded In a single week in this city.
Financlers declared that 1t showed clear
ly that the interior banks were entirely
treasured by the banks last week, when
the first time since October a surplus
o. reserve was established In place Of
the deficit which had long existed. In
consequence the interior banks were
sending their surplus cash to New York,
the stock market. but In financing at
least one large bond issue by the New
York Central and Hudson River rail-
road.
The return of this amount Of cash from
the interior was regarded by bankers In
New York as the end of the previous dis
position to withhold cash In the interior
and as showing that there will hereafter
be no shortage of funds for all legitimate
purposes here.
An increase In the surplus reserve this
week of $16551.4 .425. bringing the sur
plus up to So. .635.475. shows that the
position of the banks Is greatly strength
ened over last week, notwithstanding the
renewed activity In the stock market and
the increased loans incident thereto.
Big Increase of Reserve.
The statement Of clearing house banks
for the week shows that the banks hold
ST.. $50. .475 more than the requirements of
the % per cent reserve rule. This is an
increase Of 1861 .425 in the proportionate
cash reserve as compared with last week.
The statement follows:
Loans. 81. .126.677. TOO: increase. So, 5cs, 100.
Deposits. $1,000. ls8. .JOo; increase. $685.
537. 500
Circulation. s7o.slo. 400: decrease. s1.ss4.-
900.
Legal tenders. $50. s.155, 400: increase.
Specie. 500 o27. 200; increase, so. ooa. .7ou.
Reserve. S295. lso 900: increase. $26.
500.
Reserve required. s212,547.125; increase.
s9634375
Surplus, s2o. .6S5.475: increase. 6.5sl, 4c5.
United States deposits. $40.642.2 $50; in
crease, Sic. .265. OPS.
Money on call nominal. Time loans
easy: sixty days and ninety days. 5 per
cent; six months 5 per cent.
Close: Prime inercantils paper. 81 to
per cent. Sterling exchange strong. with
actual business in bankers bills at 4S6.6oa
Evening star., 1908-01-19
Loan Certificates Fade Away.

NEW YORK, January 1S.-More than
one-kalf OF the loan certificates Issued by
the New York clearing house have been
WITHDRAWN from circulation. according to
an an,ie uncement made today. At the
height Of the financial stringency there
were In circulation between the banks
81, ,O00. ono worth OF these certificates Of
an authorized issue OF $97 900. 900. Six OF
the larger barks began several days ago
20 reduce tie amount of their outstanding
certificates daily. with the result today
that only $S.j j.sxslpO0 of the total ISSUE o:
the clearing house remained outstanding.
Evening star., 1908-01-19
Receivers Give Bonds.

WHITE PLAINS. y. Y. January IS
Leslie Sutherland, former mayor OF Yon-
kers. was appointed temporary receiver for
ta3 Y"nkers Railroad Company. and Addi-
sol Young. former district attorney of
westchester county, receiver for the
Wes'nhester Electric Railway Company,
In the supreme court here today. Each
CAV. b. nns o. $4,000. The appointments
followed an applicat on for receivership
yesterday by the newly elected boards of
directors oi the roads.
Evening star., 1908-01-19
MANCHESTER CLOTH MARKET.

MANCHESTER. England. January 1s.--
During the week there was a rather better
inquiry In the cloth market. but this
failed to n,aterialize and business again
was of small dimensions. The foreign
markets appear to be 80 well supplied with
piece goods that merchants decline to
purchase except for immediate wants,
while on the other hand, there was a
sharp rise In Sotton which made manu-
facturers adhere firmly to previous quota.
tions.
Yarns experienced a barely average
turnover. the higher cotton prices re-
stricting business. American crops sold
fairly toward the end of the week and
quotations were nominally ne-eighth to
q quarter dearer-
Evening star., 1908-01-19
NEW YORK METAL MARKETS.

NEW YORK, January 1S.-The metal
markets were generally quiet. prices be-
ing more or less nominal in the absence
OF important business. Tin was reported
easy at :7.00a27.50. Copper was quiet,
with lake quoted at 1S.75a14.00; electro
lytic at 13.62isal3.8711. and casting at
1897 ka13.62k. Lead was quiet ut
3. 7Oa3.75. and spelter at 4.45a4.55.
Evening star., 1908-01-19
NEW YORK DRY GOODS.

NEW YORK. January 1s.-The dry
goods market was quiet today. Revisiops
OF prices are In progress. Many large
buyers are expected In next week. The
annual meeting of the National Whole
sale Dry Goods Association will be held,
and many buyers will attend It.
Imports OF merchandise and dry goods
at the port of New York for the week
ending January II were valued at $ll,-
l74.04S.
Imports of specie for the port Of New
York for the week ending today were
$5A.449 silver and $3.50. .S3S gold.
Exports of specie from the port Of New
York for the week ending today were
$557 .054 silver and $4,000 gold
Evening star., 1908-01-19
Certificates Redeemed

SAN FRANCISCO. January 17.-Ciear-
Ing house certificates are being redeemed
at the rate OF 100000 a day, and at the
present pace the paper practically viii
have disappeared from circulation before
February l. Up to last night about 81.
CO. $50 worth of the paper had been can
celed, leaving Sc. 50o. 600 still out.
Evening star., 1908-01-19

PHILADELPHIA. January 1s.-George
v. Cresson. president OF the George v.
Cresson Compsny OF this city. and we'll
known In the machinery trade, died at
his home here today. He was seventy
one years of age. Mr.. Cresson was three
times president of the Manufacturers'
Club and was a member Of many other
social and commercial organizations In
this city.
Evening star., 1908-01-19
New York Mining Stocks.
,Fw YORK January Is.
Washington Stock Exchange.

Sales.-Regular call. II O'Clock noon-Metropoli
tan r. r. IS. 81 900 at 107
Lanston Monotype, 100 at o. 100 at o.
Tpon Trust at 120
After cali>-Washington Rwy. and Elec. As
SO 600 at 49,.
Evening star., 1908-01-19
Private Wires to New York.
C e D lFF N
HAl TEAD & GO. ,
WASHINGTON STOCK ExcHASGx
1894 r STREET M. w.
Telephones Main 4a2 and Aas.
INVESTMENT SECURITIEA
STOCKS AND BONDS.
CURB SPECIALISTS.
INVESTMENT SECURITIES
STOCKS AND BONDS.
CURB SPECIALISTS.

1875 for demand and at 49, 75a4S3 for
sxty-day bills. Commercial bills. 4Slha
481k. Bar silver 5511 Mexican dollars.
~. Government bonds steady. Railroad
bonds steady
Evening star., 1908-01-19

FL ELDRIDGE t 2 JORDAN. BERT AMOS.
JORDAN 4 co: nc.
We have for sale desirable real estate loans
bearing Interest at So and per cent: also loans
@:ss 81 ses and residential
I, THE PRESIDENT. AND A MAJORITY OF
Medical Co. Of the District Of Columbia. do
:sd ess /. ss and
paid and fsEs Eoso ns d:s.i sss S.
E. @ TOTEM. .'''e'''
AAEsS 4 ESSEkE Z! SiiSs. SHSs
"A: EUGENE COX. Secretary Of the Alonso
bia. do hereby swear that the facts stated in
the anove certificate are true to the best Of my
day Of January. AD. 1905 ~ ue s1'' lou
Notary Public sor Ii District ri eoMaH Of coluno,..
THE FEDERAL CHARTER COMPANY dNc.5.
i1SS;iiis Ms.S,Ssts. sa.S.: s
ANNUAL REPORT REALTY. SECURITY SAY.
ns' Debts o'Ps asas 'o. psS:s0 e:a
:. 9. Mather. Siek Huber. r. S: Knapp and
r. kDsRR no.s.y Pas J.s swG S isos s before
ANNUAL REPORT OF AMERICAS-cUBAS
Land. Timber and Colonization Company: Capital
stork. 0.000: paid In, $11, 100; debts. none.
B. Frank Seibert, pres; r. s. Knapp. both trus-
tees: Sworn to before H. n. Freebusn. notary
ANNUAL REPORT OF NORTHERN TRACTION
6 o, @ Gg,.'l .toe Rsaa H.
:. KNAPP, % both trustees. sworn to before An.
drew J. White. notary public. Jan: Is. 1908.
ANNUAL REPORT OF FIDELITY OIL AND
$4,000; debts. none Fred D. oiler. pres; R. $.
Knapp. both trustees. Sworn to before Robt. n.
opssT ANNUAL JAIL REPORT Rss5is: &c EcKERT LrrHoGRApH-
Ing Company: Capital stock, 10000: paid in.
$40 900; debts, = 750. John A. Ecksrt, pres I;
trustees sworn to before Jos. n. Thompson, mo-
.a,y gqmna4e' Ise Front 81 1eoss srrsBuRc BROKERS.
Industry Company: Capital stock. 500. paid
In $40 600: debts, none. John Wells, pres: J: T.
Thornton JOS s. Parker and Adam Strawbridge,
trustees. Sworn to before X. b. Petty, jr.. no.
tary public. Jan. 2, 1908.
Evening star., 1908-01-19

The Napoleons of finance who have
been often quoted as making fabulous
fortunes on the bear side of the stock
market have gone into temporary eclipse.
1t must be said for them, however. that
they have been stubborn and nervy
lot Of players. They have shown the
spirit of true sportsmanship and have
proved themselves to be as good leaders
as they were good winners. Down tc
the present writing none OF the really
big fellows in the lot have gone broke
not yet. They are still playing the bear
side, with one important exception, Steck-
lin the Minnesota multi-millionaire lum-
herman. After writing the market down
clear to the bottom he took warning and
turned bull before there bad been 5
point recovery.
Evening star., 1908-01-19

More attention is being drawn to the
continued decline In railroad and indus
trial corporation earnings. now that the
money market is no longer a subject of
It is. therefore. expected
that the market movements will be In
fluenced from now on more by the re-
ports of corporation earnings and other
matters pertaining to the general busi-
ness depression than by money consider
alton.
Evening star., 1908-01-19

Railroads are hailing with satisfaction
the promise Of easy money during the
coming year. Those which have been
putting through grand plans for terminal
and other improvements on their prop
critics and which had been interrupted by
the panic now see a chance to go ahead
and put themselves in shape to earn
money on the newly invested capital.
The most conspicuous among the rail-
road systems which have on hand un-
completed projections are New York Cen
trail. Pennsylvania and the New Haven
lines. These three systems have once
more been brought in touch with money
and can proceed with their work. The
Erie road, seemingly in the worst posi-
tion of all, is really better. off than any.
1t is nearer the end OF its improvements
and betterments and has comparatively
little new financing to do. Erie is in
about the same position that Baltimore
and Ohio was when that great road had
about completed the expenditure of many
millions of dollars in putting itself in a
physical condition to handle the busi-
ness to which 1t was entitled. Because
the Erie issues are low priced many peo-
pie have fallen into the habit of CHASING
1t with roads confronting receivecship.
Erie has safely passed the grand crisis
and any change in it's fortunes will be
for the better.
Evening star., 1908-01-19

It is still believed. however. that strong
financial interests have the situation pref
ty well in hand and will not allow any
abrupt and immediate slump In market
quotations. That supporting orders will
be extended from time to time to any
weak spots is taken as foregone conclu-
sion. though 1t Is seriously doubted that
bullish operations will be conducted In
such an aggressive form as has been the
case during the last fortnight.
Evening star., 1908-01-19

Corporation Organizeys,
1110-l112 F st. NV.
Washington. d. c.
Evening star., 1908-01-19
New York Closing Stock List.

SEw YORK, January IS.
The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1908-09-28

are Petersburg visitors in the city to-
day to attend the Taft celebration.
Jos. Wegley of Williston is promi-
nent visitor in the city.
Henry Albertson is here from Rug
by.
James Mcintyre of Bantry arrived
here this morning.
Geo. L. Treichler of Niagara is here
on business.
X. Julsrud of Rugby arrived here
Sunday evening.
A. w. Wagner and F. W. Beatty are
in the city from Cando.
H. ]. Bessensen of Fessenden regis
tered in this morning.
Railway Commissioner Simon West
by of Rugby is spending the day here.
H. L. Pettingsrued and H. R. Rails
tai of Devils Lake are here today.
Norval Baptie of Bathgate is in the
city.
A. M. Tofthagen of Lakota is in the
city.
E. T.spattord is in the city on bust
ness.
Mr.. and Mrs. H. A. Nicholson Of
Crary are here.
]. R. Johnson came in Sunday from
Park River.
Peter Scott of Overly is here for
the day.
Horace Bagley and G.. D. Rice of
Towner are here. :.
A. H. Stingham arrived Saturday
evening from Devils Lake.
Gustav Schafer of Larimore was
in the city yesterday.
P. P. Engh Of Pilot was an arrival
in the city yesterday.
H. A. Screeder of Northwood was
in Grand Forks Sunday.
O. Brenna of Medford was an ar
rival in the city yesterday.
F. w. Cockburn of Devils Lake ar
rived in the city Saturday night.
James Johnston OF Neche was an
arrival in the city Saturday night.
A. E. Sylvester came in from
Churchs Ferry Saturday evening.
j. P. Conmy of Pembina arrived
Saturda yevening for visit.
R. o. Griffith and E. E. Ellenson
of Osnabrock are in the city.
w. L. Van Horn of Fargo arrived
in the city Saturday evening.
Peter Reid, sheriff of Cavalier
county, and John McGovern, came
down from Langdon Saturday night.
Mr.. and Mrs. Thomas F. Mooney
arrived here from Fergus Sunday
evening.
H. Hoff and E. Aas, of Rugby were
Sunday evening arrivals in Grand
Forks.
Mrs. John Newcomer Of Michigan is
spending the day in the city visiting
with friends. @
w. I. Gordon, Frank simms and r.
E. McLain of Willow City were Sun
day evening arrivals in the city.
J. o. Engsather, L. H. Peterson, H.
e. Aline, A. Reiten and Carl Gedes-
tad are Petersburg visitors in the city
today.
Attorney F. A. Kelly and W. G.
Fairbanks arrived here Sunday even
ing from Lakota.
H. Resler5 O. F. N. Anderson. C..
i Meikkljohn and T. E. Morgan OF
Starkweather were the members Of a
party arriving hero last evening.
Mr.. and Mrs. W. T.-Atkins and M.
and Mrs z K. Brightbill O.. Cando
were prominent arrivals from Cando
last evening.
The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1908-09-28
University Students Night,

The Grand Forks Young Mems
Christian association will tender re-
ception and use OF the fine association
building to the students OF the state
university tonight at o'clock Re-
freshments and an informal good time
is expected. The law school men and
especially resident students down
town may find something to interest
them at the association for the col
lege year. All students invited.
The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1908-09-28
Will Study Blackstone.

Lankin Reporter: R. B. Loubek
went to Grand Forks Saturday, where
he enrolled at the University of North
Dakota to take up the study of law.
Bob is a bright young man and that
he will make success of his chosen
profession can easily be foretold. He
will be sorely missed from the social
and musical circles Of Lankin this
winter. as he is fine violinist and
orchestra leader. but if he will prom
Use to return and hang out his shingle
here when he becomes full-fledged
disciple Of Blackstone, we'll forgive
him for leaving us now.