davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-04
BETTER FEELING FOR FUTURE.
Dun Report on the Outlook for
Business in 1908.

NEW YORK, January 4.-Dispatches to
Dun's review indicate the quiet custom
airy at this season in business channels.
but there is a better feeling regarding
the future. Boston reports indications
of more mercantile activity early this
year than in the closing months of 1907,
but over so per cent of the New England
cotton spindles will run on part time
until March 1. more hopeful feeling in
many branches of trade results from
easier onetary conditions. Philadelphia
reports that lumber manufacturers have
reduced output to immediate demands
and steel mills are making repairs and
taking inventories. General trade is
quiet. but payments somewhat more
prompt. Trade is seasonably quiet at
Pittsburg and collections slow. The coal
movement is active. but iron and steel
plants only partially occupied.
Jobbers at Baltimore report a better
flling-in demand. clothing cancellations
have decreased and there are indications
of improvement, although collections are
slow in many sections. Louisville reports
business in hardware harness and
leather much smaller than year ago,
but there are many evidences of early
improvement and payments are more
prompt. Stock taking has occupied the
attention of jobbers at Kansas City and
sdico diC iiSht. iOtdi DuSiIeSS IN 1871
showed a large increase and the outlook
for spring trade grows steadily brighter,
as wheat is in splendid condition and
money matters rapidly becoming normal.
At Chicago there was the usual holiday
interruption, but indications have be-
come more distinct. Manufacturers
mostly take additional time to make
necessary repairs to machinery Dry
goods trade is quiet at Cincinnati, owing
to the holidays and the return of trav-
oil In o Crrna hut
tanned. Clothing manufa cturers COM
plain of slow collections and some can
cellations of orders.
Retail trade at Cleveland is quiet and
dry goods jobbers report the volume of
business much reduced. but increased ac-
tivity is looked for early in the year
Inventory taking is about completed at
Minneapolis and travelling men are pre-
pairing to start with new lines Retail
merchants report large clearance sales
since Christmas.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-04
Notable Shiftings in Price
Movements Today.
IRREGULAR AND EXTENSIVE
Most of the More Active Shares
Made Advances.
MARKET UNDERGONE FIRM
London Reported Irregular With
Further Weakness in japanese
Bonds-N. p. Feature.
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, January 4.-The net
changes in today's stock market were not
only irregular. but in some cases were
quite extensive in either direction AL
one time or another. however. during the
day most of the more active shares
showed substantial advances from their
low levels and what may be described as
the undertone of the market was exceed
ingly firm.
At the same. time the trading was sun
of a very professional character and DEAL
Jugs of that description were respohsioie
for most OF the wide swings IN prices
which were observed. In a general way
the common expectations of another very
favorable bank statement might De citeo
as the chief factor in the market. lheie
was little in the news of the morning or
in the developments with the course OF the
business session calculated to shape spec
ulative sentiment strongly one way OF
the other. ;o,,,,or
with further Pronounced weakness SNOW"
ing in Japanese bonds. Inc cohlLiueu
decline in those issues was IN Iact ilaheu
in the cabled advices from Loilooh
acting as a substantial cneck Jpn ,,ere
irregular there. but some fairly large pur,
chases for foreign account were cohuu e.eu
in the local market apparently on direct
as distinguished from arbitrage orders:
In the railway list. Northern racine was
perhaps the strongest feature and ANAL maj
gamated Copper occupied q cSrrespohu ths
price movements were so irregular and
so Iuilacco1npanied by any other tnan
teebnIcar explanations that no purpose
would be served by a detailed reci.ai VI
the transactions.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-04
LOCAL FINANCIAL NEWS.

At meeting held today of the stock
holders of the Columbia Fire Insurance
Company in one of the parlors of the New
Willard the action of the directors of the
company in recommending the acceptance
of an offer made by the Royal Fire In
surance Company to reinsure the business
of the company and that to be followed
by liquidation was considered. A vote
was taken on a substitute for this prooo-
sition offered by Conrad Syme, attorney
for Mr.. Henry A. Willard, the largest in
dividual stockholder, to postpone action
in order that further information might
be secured. OF the total 10000 shares of
stock. AGA were cast against this SUBJ
stitute and 4,O14 in favor of it. the stock
being represented either in person or by
proxy.
The substitute being lost the question
was then on the adoption of the recon-
mendation of the directors, which was
adopted by practically the same vote.
Before the vote was taken Mr.. Henry
*. Willard, as the representative of his
father. Mr.. Henry A. Willard, made an
earnest plea to the stockholders in favor
of preserving. as he termed it. the life of
the company. and continuing it's business.
lie also made objections to the exercise
OF proxies by trust companies represent
ing estates unless action had been taken
by the board of directors specifying how
the stock thus held should be voted.
There was no change of consequence
made in the figures in the list of local
securities as the result of today's meeting
Of the stock exchange.
The great change which has taken place
in the forms of the ownership of wealth
is shown in an article in the Atlantic
Monthly by Charles A. Conant, who was
authorized by the census bureau to make
census of outstanding securities in the
United States. His preliminary estimate of
such securities in the United States Is $54,-
514351 1872. of which $40. 10, 41S.699 are Sc
curities held by holding companies.
According to an estimate based on
table of outstanding securities in Europe
and the United States, about one-fifth of
the total wealth of those countries is rep
resented by paper securities.
MIR. Conant says that about As per cent
of the wealth of Great Britain is in the
form of securities. about 40 per cent of
the wealth of France and about % per
cent of the wealth of Germany, while
the ratio in the United States is 23 per
cent.
According to the Journal of Commerce
five billion dollars of new securities have
been floated in this country in the last
three years. In 1907 over two billions of
securities were authorized, of which
81 1893, 100000 were actually issued.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-04
WHOLESALE MARKET REPORT.

Quotations given below are for large
lots. Jobbers' prices from l cent to 2
cents higher.
EGGS.-Nearby fresh Virginia, 2sa29.
West Virginia and southwest Virginia.
26a27; Tennessee, 25a26; North Caro-
lima, 24a25; cold-storage, 19a2O.
BUTTER,-Creamery. fancy, 20a31k.
Process, fancy, 26a27; fair to good. ga
%. store-packed, fresh. 19a2o.
CHEESE.-New York state factory,
new, large, 1G1sa17.
POULTRY.-Chickens, spring, per h.,
15a16; hens, per h., 13a14; ROSTERS, per
h., z; keats. per h., IL; turkeys, toms,
per h., is: hens, per lb., 16a17. Ducks,
per h., 10a11.
DRESSED PoULTRY.-Hens. choice.
per lb.. IA; ROSTERS, per To-. 7as;
chickens. per h.. 15a17; ducks. per lb.,
toms. per h.. 16a17.
vEGETABLEs.-Po Potatoes. rer Dbl,
No; zoo: per bu., 75as0; No. 2, per
Dbl. 75a1.OO; sweet potatoes, per Dbl,
S.OOa4.O0; yams, per Dbl, 2OOa2.50;
turnips. per box. 40; per Dbl. l.25;
per per aoze 5b an.o;
Dbl, 200; per bu.. s0as5: peppers. Fla.
per carrier, 1.5Oa2. 90; cabbage, ner hum
dred pounds. S0as5; caulifiower. per
Dbl. Sooa4.oo; kale; per Dbl, 15aI.0o;
per crate. i.5oaI.75: SQUASH. Fla. per
crate. 75a1.25; snap beans, Fla, per
basket. 1.50a2.00; new beets, per bunch,
4a6; lettuce, Fla. per basket, 50a1.25;
okra, per carrier, 300: celery. pc:
1Oa15; tomatoes. Fla. per crate. 2.5Oa
800; parsley. New Orleans. per bunch, 3.
GREEN FRuITS.-Apples, per Dbl,
2.oOao.OO; oranges, Fla, per box, 1.50a
300; grape fruit, per crate, 3.O0a4.5O;
tangerines. per strap. 3.00ao.GO; Sat
sumas, per strap, 200a3.0o; pineapples.
per Dbl, 4.0Oa5.OO: cranberries. per box,
l.5Oa2.5O: per bbl., 7.O0a9OO.
HAY AND STRAW.-Hay, western,
No. 1, 1S.50a19.5O; No. ., 11.5Oa1sOO;
mixed. 16.0Oa17.00. Straw, rye. bundle,
14.5Oa15.OO; rye, machine thrash, 9.0Oa
$50; wheat, 6.5Oa7.OO; oat straw. per
ton, 9.OOa9.5O.
DRESSED MEAT.-Pork. small and
neat. per cwt.. 6.5OaT.00; large, 5.5Oa6.0O.
LIVE STOCK.-Cattle, extra, per
ordinary per cwt.. 2.5oa3 90 Hogs, per
cwt., gross. 5.0Oa525 Sheep, per h., 3a4;
lambs. choice, 61aa7. Calves, choice, per
ib., 9a91s; medium, per lb., s. Cows,
prime. fresh. each. 4000a5O.O0; common
each, 20.O0a30.00.
BEEF CUTS.--Ribs. No. I, per h., Is;
No. 2, II; No. 8. 10. Rounds. No. 1, per
h., 10; No 2. .: No. 3. Z. Loins. No. i.
per lb.. IA; No. 2, IL; No. 3, 10. Chucks.
No. 1, per h.. 81; No. 2. Z; No. 3. 9.
WOOL AND HIDES.-WooI, washed,
free of burrs, per h., %; unwashed. 1Sa
y. Hides. green, per h., 5; dry. Gall.
Sheepskins, green, each. 5Oa75; dry,
25a6O. Mink, each, 3.O0a4.OO; raccoon,
25a90; red fox. 1.25a1.75; skunk, 25a75;
opossum. 10a15; gray fox, 35a6O: musk
rat, 15a23; muskrat kits ); rabbit skins,
l. Calfskins green, each, 1.OOa1.25: dry
flint hides. per h., 8; dry sailed hides, s.
GRAIN.-Wheat Ssa1.OO. Corn, she'll
ed, old, white. 69a71; yellow, "a; new
6Oa6o; new. ear, 3.O0a3.25. Oats, west
ern. white, No. 2, 55a57; mixed, 53a55.
Bran. per ton. 2SO0a30.0O. Middlings,
per ton, 2S.O0a3O.OO.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-04
Call to Stockholders,

NEW YORK, January A movement
has been started toward the rehabilita-
ton and reopening of the First National
Bank in Brooklyn, and with that object
in view A. j. Leonard, the vice president,
has issued call for a meeting of the
stockholders January o to consider the sit
uation.
According to the report of the receiver
the capital stock of the bank has been
impaired to the extent of S165. 900, and if
this is not made good promptly there will
be a liquidation. EXMayor Fred W.
Wurster, 1t is said, may be chosen as
president of the institution in case the
plans for the reopening prove successful.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-04
Trade Editor Dead.

CHICAGO, January 4.-David Van Ness
Person died Thursday after a brief ILL
ness. He was born In 1916 in New York,
where his father was a prominent law
yer. In 1888 he established the Paint, Oil
and Drug Review, which he conducted up
to the time of his death. He was active
in the organization of National Paint, Oil
and Varnish Association, and served as
it's secretary for twelve years. In 1899 he
became the first secretary of the Paint
Manufacturers Association of the United
States, an office which he held contin-
uously until 1905.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-04
Funeral of Marcel G., Delarue.

The funeral of Marcel German Delarue,
who died Wednesday night at $40 o'clock
at his home. 115 18th street northeast,
took place at 2 o'clock this afternoon from
the Waugh Methodist Episcopal Church.
Rev. George Maydwell conducting the
services Burial was in Glenwood ceme-
terry.
The pallbearers were representatives of
Harmony Lodge, No. 81, knights of Ply
thias; Golden Rule Lodge, l. o. o. F., and
Junior Order American Mechanics Lodge,
No. 2, of which the deceased was a men,
Der.
Mr.. Delarue was born in Richmond, Va,
AMI came to this city about thirty-five
years ago. His wife and two children
survive him.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-04
Francis Peabody Dead,

CHICAGO, January 4.-Francis p. Pea
body. senior member of the banking firm
of Peabody, Houghteling & Co.. died
Thursday after an illness of several
weeks. Mr.. Peabody. who had been a
resident of Chicago for over fifty years,
was born at Milford, N. H., October 81,
1927, and was educated at Trinity Col
lege. He studied law under Franklin
Pierce, later President of the United
States, and was admitted to the bar in
1850. He was associated in the practice
of law with Nathaniel B. Baker, after
ward governor of New Hampshire. and
with William L. Chandler. afterward
United States senator and Secretary Of
the Navy.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-04
Weekly Report of Bank Exchanges.

NEW YORK. January 4.-Dun's weekly
review of trade says: The weekly report
of bank exchanges shows a further heavy
loss this week. total exchanges this week
for all leading cities in the United States
being $1.712. S46.7 decrease of AS per
cent compared with year ago, and 40
per cent compared with the corresponding
week two years ago. These are heavy
losses and reflect in part the smaller
volume of payments through the banks
The report for this week includes only
one day of the new year, and only part Of
the heavy settlements incidental to the
opening of the year. whereas a year ago
the week included two days and two years
ago three DAYS. This would affect the
comparison and make 1t more unfavor-
able. but still the loss is heavy.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-04
BULLS AND BEARS
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, January 4.-Because of
the extremely low levels reached last year
by all classes of securities, and because
it is believed that the monetary situation
will become considerably easier within
the next two or three weeks. most specu-
lators look for the stock market to re-
cover still further. They do not think
that the general buying will be important,
but that stocks will be bid up by various
groups of interests most closely identi-
fed with them. and consequently that the
largest profits will be made by following
the general trend. They therefore rec
ommend the moderate purchase of the
active securities whenever weak and the
taking of moderate profits as they accrue.
\
There does not seem to be much dis
position on the part of the speculative
element to operate on the short side. ex-
cept for a quick turn, if the market or
any particular security should become
suddenly and abnormally strong. The
largest operators say that this is not the
time to make extensive commitments on
either side. Until the whole situation
becomes clearer they maintain that it
would be unwise to buy a large line of
stocks for long pull. They think there
is plenty Of time for making commit
ments of this character. and are inclined
to believe that little later on it will be
possible to make them at a lower level
of prices than now obtains.
Now that the money market apparently
is working back to normal condition it
Is believed that financial and corporate in
terests will give first attention to the af
fairs of the corporations. both large and
small Probably their financial needs will
receive special consideration and it is sim
cerely hoped that the plans that may be
worked out for them will not result in any
strikingly unfavorabfe developments.
1t is known that the large business in
terests are watching the iron and steel
situation very closely. A well-known man
in the latter trade said this morning that
every one at all familiar with the bust
ness knows that it is extremely quiet at
the present time and will pe quiet until
the corporations are able to IlIse money
through the sale of bonds and stock.
When that times comes he thinks the re-
vival in the iron and steel trade Will be
very rapid.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-04
Schif Going Abroad.

NEW YORK, January 4.-Jacob H.
Schiff. head of the banking house of
Kuhn. Loeb & Co.. sails for Europe
today He will be absent for about four
months. Mr.. Schiff will go on the Cunard
liner Caronia. which sails for Naples.
After visiting some of the Mediterranean
ports he will go, to Egypt, where he ex-
poets to spend large part of the time
that he will remain abroad.
In company with Sir Ernest Cassels.
Mr. Schiff plans to make a trip up the
Nile. He expects to return to this city
early in May. according to his present
plans.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-04
THE FOREIGN BANKS.

LONDON, January 4.-Bullion amount
ing to E3soO0 was taken into the Bank of
England on balance today.
BERLIN. January 4.-Exchange on Lon
don. 20 marks J0l. pfennigs for checks.
Discount rates: Short Bills, per cent.
three months bills SIS per cent
CALCUTTA. January 4.-The rate OF
discount Of the Bank of Bengal was raised
from 8 to per cent today.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-04
TIN BALTIMORE MARKETS.


BALTIMORE, Md, January 4.-wHEAT-
red western. IOelaalO6ts: January. Io3laalo3x
February. iOo1aa105S: March. 1OIlaaIO7Ss: May,
IllL: steamer No. 2 red. 9Oa9OL; receipts
1882 bushels; southern on grade. 9laa1O4.
CoRN-Old spot mixed, 65ha65ss: new spot
mixed. 64k a64h: old No. . white. 6Jka6JA;
January. 6iMs6i7.; February. 64as4k; March,
6il.as4ls: steamer mixed 6Oha6OS: receipts,
100. io2 bushels; new southern white corn, 60h a
GAN: southern yellow corn. 6ia65.
OATSIFirm: No. 2 white, J6Laa57Ib: No 3
white. 54a.6La: No. . mixed. 54aJ4k; receipts,
sS92 bushels.
RYE-Flrmer; No. western export, ssas9; No.
. western domestic, 90a9l.
HAY-Firmer: No. 1 timothy, 1900: No 1
clover mixed. 100.
GRAIN FREIGHTs-Rstes fairly steady and
unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-04
THE COTTON MARKETS

NEWss YORK, January 4.-The cotton
r,atket44 .oneneds steady at a decline of 6as
points, and during the early. session soid
off to q net loss Of 10a12 points under
liquidation and bear pressure promoted oy
weak cables. labor troubles in Lancashire
and rather bearish weekend figures. Busi-
ness was quiet. however, and the market
during the middle Of the session raiiieo
4 or 5 points from the lowest on cover
ing and buying for turn, which was
encouraged by the idea that the long IN
terest had been largely liquidated. ana py
more favorable trade reports from new
England. N 40.
Futures opened steady: January, 1O.4S;
March IO66; May, 1865; July. 1857; Au-
gust offered, 1912; October offered, S9o.
nary. 10. 5o:NFebruary, 1850; March, 1911;
April, 10. 20; May, 1867; June, 1888; July,
11.40: August, 10.45; October, esS.
Spot ciosed\ quiet; middling upianos'
11.5O; middling gulf 11.65; no sales.
The market closed steady, with prices
net las points lower.
ESTIMATED receipts at the ports today.
5000 bales, against 5000 last week: and
tsels last year s1T last ste week s and
3N last year foday's receipts at New
OrSzaas. 12969 bales, against 11,6So last
weary fna at Houston, 11,O74 bales, against
so.s47 Nsst year.
liverpool Cotton Prices.
LIVERPOOL, January 4.-closing cot
TOM SpoA quiet: prices. six points lower;
1Amsffean) middling. fair. $50; good mid
.ydhns 6.33; middling. 6.07; low mddling.
5I3: good ordinary. 5.31; ordinary. Ash.
sThe sales Of the day were 5000 bales, of
which sosw were for speculation and ex-
pbgt. and included 400 American. Re-
CENTS, 5000 bales, including $500 Ameri7
cam
failures opened steady and closed easy.
january 5.S1: january and February,
5J1:<February and March, 5.6S; March
ana April. 5.64: April and May. 5.65: May
and June 5.65k; June and July. 565; July
and August. 5.63A: August and Septem-
ber $50; September and October, 5.441a;
October and November. 5.341s; November
and Decembcr, o.321z.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-04
TRANSFER OF TITLE.
Sale of Recently Completed Struc.
ture on Columbia HEIGHTS.

Moore & Hill have sold for Harry Ward
man one of the new colonial houses now
being erected on the corner of 18th and
Kenyon streets, Columbia Heights These
houses will not be finished before about
March 1. The property was purchased as
a home.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-04
Government Securities.
Bank Statement.
THE LONDON MARKET.

LONDON. January 4.-Trading on the
stock exchange today was quiet and in
American securities the tone was good.
The prospects of a good bank statement
in New York and covering operations
caused advances over parity. and made
the close firm.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-04
FINANCIAL.
L Loan W. nted

large. highly rated. prosperous corporation
desires to borrow in large or small amounts on
their own paper. secured by gilt-edge collateral
Stands every investigation. Liberal rate of in.
tercst. For interview address Box 80, Star Office
5a4-3t,14
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-04
Government Receipts.

National bank notes received today for
redemption, $s06, 594. Government re-
ceipts: From internal revenue. S619.37O;
customs, S97S, 446; miscellaneous, SOS, 459.
Expenditures, 81 $50 900.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-04
REALTY TRANSACTIONS.
Recent Sale of Houses Reported by
N. L. Sansburv.

The two-story modern brick residence
1o2 r street, West lexington. was sold
this week to Edward Barker of New
York, who will occupy the property as
residence. The sale was made by N. l..
Salisbury, real estate broker.
Mr.. Sansbury has also sold the new
colonial dwelling. 1865 10th street, to w.
H. Helm. 1t is understood the house
was bought for inve stment purposes
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-04

Thomas Martin, thirty-five years old,
was smothered by gas at his home in
Baltimore Thursday morning. The body
was discovered by Mrs. Hendrick a.
Muntzing, of the same address.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-04
The World of
Finance and Trade
NEW YORK STOCK MARKET.

Furnished by w. b. Hibbs & Co., bank
ers and brokers, 1419 street, members
New York Stock Exchange. Washington
STOCK Exchange and Chicago Board of
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-04
ARTHUR COWSILL,
CERTIFICATE OF FULL PAYMENT OF ADpI-
IIoNAL CAPITAL STOCK OF THE UNION
IRUST COMPANY OF THE DISTRICT on

CERTIFICATE OF FULL PAYMENT OF ADnI-
TIONAL CAPITAL STOCK OF THE UNION
Trust COMPANY OF THE DISTRICT o.
TREASURY DEPARTMENT.
Office OF the H..
comptroller OF the Currency. a..
washington, ID. c., December IS 1907
whereas, satisfactory evidence has been trann
mltted to the Comptroller Of the Currency that
the capital stock Of the Union Trust Cnnpany OF
the District of Columbia located in the CITY OF
washington, District Of Columbia, has been in
creased in the of eight hundred thousand
collars 1880, 000). in accordance with the pro-
visions OF act of Congress approved October 1,
1880, and that the whole amount OF such increase
has been paid In and that the paid.up capital
Of two million dollars ts2, 600, OO0l:
Now, II Is hereby certified that the capital
stock Of the Union Trust Company OF the Dis
trfct OF Columbia has been increased in the sum
Of eight hundred thousand dollars $500, O00l;
that said increase of capital has been paid in az
a part Of the capital stock. and that the said
increase Of capital is approved by the Comptroller
Of the Currency.
In witness whereof. hereunto afix my ofdcial
WIN. B. RIDGELY,
COMPTROLLER Of the Currency.
Comptroller Of the Currency.
To the stockholders Of the Union Trust Company
of the District Of Columbia:
Certificates for the additional capital stock Of
the Union Trust Company OF the District Of Co
lumb;a will be ready fSr delivery to the holders
entitled thereto on January 9, 1908. at the once
of the company, in its new building, at the cor
ner of 18th and II streets northwest. Washington,
p. G. EDWARD ]. STELLWAGEN
GEORGE Z. FLEMING. Secretary.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-04

Five more bodies were recovered yester-
day from the Darr mine at Jacobs Creek
Pa, bringing the list of dead to 231.