davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-05
THE FOREIGN MARKETS.

LONDON. January 4.-The stock ex-
change finished the old year and entered
upon the new in cheerful style. Business
was assisted principally by the lower bank
rate, but the consequent advance in prices
proved a little too rapid; the public did
not respond as freely as had been an
ticipated, and the professionals who had
bought stock in anticipation of an in
creased outside demand with the advent
of cheaper money were disappointed and
had to realize in various directions. Quo
tations finished below the best, but well
up on the week. Consols registered a
gain of p and other first-class issues are
correspondingly dearer. Good support
from the insurance companies at the end
of the week impaired additional strength.
Foreign stocks shared in the general
Improvement owing to favorable condi-
tons in Paris and Berlin, but Japanese
bonds eased at the end of the week on
continental selling and the revival of I'M
favorable reports regarding the relations
between the United States and Japan.
American shares showed little change
for the week except Atchison, which was
down points on poor traffic returns, and
Canadian Pacific, which went up owing
to renewed speculative support This sec
ton of the market has failed to attract
outside interest, and business has been
left entirely to the professionals. The
early strength this week was derived from
the improved monetary outlook. but the
Seaboard Air Line trouble and the reduc-
ton in the Anaconda dividend brought
down values again, although the final tone
today was firm in anticipation of good
bank statement in New York.
The feature of the mining section dur
ing the week was the weakness of DE
Beers, which has been sold from Paris
owing to trouble in the diamond trade
there.
Money became considerably easier with
the turn Of the year, but as the market
owes the Bank of England a large
amount pronounced ease is not expected
for time, while the prospective Argen-
tine gold demands and the repayment of
93, 500. Geo in gold to the Bank of France
is expected to keep discount rates firm
for the present.
BERLIN. January 4.-Trading on the
bourss today was unfavorably Influenced
by reports of a new Prussian loan and
Prussian IS fell one point and a half.
The general monetary situation also af-
fected the market adversely, and all de-
partments weakened.
PARIS. January 4.-Trading on tha
bourse today opened firm on New York
advices. but then weakened on the unex-
pected announcement of new Prussan
loan and the rumor of a heavy diamond
failure in America.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-05
FINANCE AND TRADE IN
MARKETS OF THE WORLD
NEW YORK BANK CLEERANCEs.

NEW YORK, January 4.-The statement
of clearing house banks for the week Give
days. shows that the banks hold s11 .5U9,-
$50 less than the requirements of the %
per cent reserve rule. This is an increase
of $500, 500 in the proportionate cash re-
serve as compared with last week The
statement follows:
Loans, 81 1S22, ST., sOO decrease s14s22.-
600.
Deposits, s1.O4S, 465, 800; decrease, g. 400, =
600.
Circulation. s72,3l6.3oo; increase, s57o,-
100.
Legal tenders. sos $4,000: increase, 3d.
I99 $50.
Specie. SIZE, 40. 900; increase. S4246. 600
Reserve, $2Je, GO6,9CO; increase, SS,Oi5,-
900
Reserve required, 500, IL, $50; decrease,
S614 800.
Dehcit, s1l ,5o9, $50; decrease. IS. $50. 500.
Surplus ex-United States deposits, ST.
oGS 100; increase, IS. 01G.22
Money on call, nominal: time loans
quiet and easier: sixty days. S. and ninety
days, per cent; six months. to 4 per
cent.
Close-Prime mercantile paper. s to 10
per cent. Sterling exchange strong, with
actual business in bankers bills at 4 50. 7Oa
1880 for demand and at 4.S1a4.Sl.2j for
sixty days bills. Commercial bills 4S03.
4.s1. Bar silver, sos. Mexican dollars,
"A. Government bonds steady. Railroad
bonds firm
The Financier will say:
AS was expected from the preliminary
estimates of the movements of money
last week and from other data showing
reductions in loans and deposits, the bank
statement of last week was quite favor
able in that it indicated good progress
toward the extinction of the deficiency
in reserve. This item was reduced to
ll.,Nr ,D,N nf ipar ,f
$500, 800 in reserve. The cash gain dur
ing the week was sS.Oi5, 800; this was due
largely to receipts from the interior and
II Is noteworthy that such receipts were
larger last week than in the correspond
ms periods IN the past two years, which
is of itself most encouraging fact.
= The receipts of gold from abroad and
from domestic sources contributed ma
terially to the aforementioned gain in
cash. Deposits decreased 81, 4JO. 600 as the
result or the contraction in loans and of
the augmentation in cash. The required
reserve against deposits was $614. 900 add
ing which to the increased cash made S.
66O,sOO as the gain in reserve as above to
Sl1,J09,5JO deficiency.
Public deposits were reduced two and
one-half millions because of recalls there
OF by the treasury. Computed upon the
basis of deposits less those of public
funds surplus of s7.56s. 1870 is shown.
Loans were contracted s14 500 900: this
was caused by the cancellation of loans
last week which had been temporarily
erected in the previous week with de-
posts of funds in the bank preparatory
to the distribution of dividends and in
terest. 1t would seem that such pay
ments will be largely increased during
this week, thus contributing to a fur
ther contraction in loans, and if there
shall then be a gain in cash, as seems
probable because of arrivals of gold from
Europe and of a return of currency from
the interior, the deficiency may be we'll
nigh If not entirely eXtinguished.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-05
IN INDUSTRIAL WORLD

NEW YORK, January 4.-Though en-
ployers declare the 1905 building outlook
bad there will be no reduction in wages
of at least $500 workmen, con-
tracts having been closed already for
another year at the 1907 scale. Negotia-
tons between the employers and 2s,5oo
men are still pending. The latter say
they will submit to no reduction.
Those who have already closed con-
tracts are the woodworkers. bricklaye:
and masons, elevator constructors, the
layers. horseshoers and movers, hosting
engineers. electrical workers. journey
men stonesetters, marble cutters, marble
polishers, plain and ornamental plaster
ers. modelers and wood carvers.
Those with whom negotiations are pend
ings are the carpenters, metal fathers.
sheet metal workers, plumbers and &C.
ment maSons.
I'VE may nave d poor building season
this year." says the statement by the en-
ploye"s' association. The mechanics,
like the employers, can only hope that
the stagnation will not last long. The
arbitration agreement has reduced strikes
to a minimum and both sides feel that 1t
should remain permanent.
The painters and houSesmthS are not
included in the list of organizations en-
gagged in the present negotiation. They
number 1900.
DAYTON, Ohio, January 4.-The Plat
iron works employing hundreds OF men,
the steel works of the Barney & Smith
Car Company, the Brownen boiler shops
and several other establishments here
have resumed operations after shut
down due to u lack of orders. The Davis
Sewing Machine Company increased Its
force and will be running full in a short
time.
NEW HAVEN, Conn, January 4-Gan-
eral Manager Higgins of the New York,
pany was visited Thursday by joint
committee of railroad conductors and
trainmen asking for an increase in wages.
The committee also allege violation of the
agreement in regard to making the runs
of the men, SO IA as possible, convenient
to their places of residence and also al
lege imposition of duties as baggagemen
and trainmen upon the conductors.
BUFFALO, NaYa January 4.-The Lack
awanna Steel Company will relight the
fires of it's open-hearth furnaces early next
week. With the reopening of the furnaces
several mills which have been closed four
weeks will go back in service as conse-
quence. Several hundred men will be re-
employed.
The renewed activity follows a series of
conferences between President Z. A. S.
Clarke of New York with the local man.
agement.
ROCKY FORD. Col. January 4.-The
doors following run. The liabilities
exceeded 100000. and the assets are
placed at over $J2J,OOO, mainly loans on
high-grade farm lands.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-05
Korean Students Come.

SAN FRANCISCO, January 4.-Y. S.
Min and Nav Pok Ohio. sons of Korean
noblemen. arrived here yesterday on the
liner Nippon Maru on their way to Spring
field, Mass, where they Will begin a nine
year course in American civilization. At
the expira ton of that time they expect to
return to Korea and show their country
men how to shake off the yoke of Japan.
Minis father was vice minister and Ohio
is Il son of a former head of --orea's
state department. The boys believe that
their American education will enable them
to do something for Korea some day.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-05
Engaged Since the War.

STANFORD, Conn, January 4.-Jere-
nliah O'Meara. seventy years old, and
Helen Naughton, sixty-five. were married
here Thursday afternoon after a wait of
forty years. They were sweethearts when
the civil war broke out and O'Meara en-
listed. When the war was over he re-
turned but could find no trace of the
girl he had left behind. She believed
that he had been killed. but was not able
to confirm the belief. Neither ever mar
red, and it was only a short time ago
that they found each other after forty
vearS' waiting
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-05
FLUCTUATIONS CONSTANT
Northern Pacific the Focus of All
the Buying.
SOME INDUSTRIALS STRONG
Foreign Markets Offered No Assist
ance to Advancing
Tendency.
Special Dispatch to The Star.

NEW YORK January 4.-The stock
market today had an appearance of being
whipped into activity by artificial means
owing to extreme i-regularity and incon-
stancy of the movements. Upward and
downward fluctuations were constant
and there were opposing currents in the
movement at all times Northern Pa
cific was a focus of the buying move
ment and rumors were revived of com
ing extra dividend disbursement on the
stock for which there was no official
sanction. Reading. on the other hand
affected by profit taking, which was
conducted in an orderly manner and de
sisted from on the declines in the stock
A number of industrials were promi-
nent for strength. including the cop
pers. Foreign markets offered no as
sistance to the advancing tendency he"e
Berlin reported some anxiety over the
money situation. owing to a forthcoming
Prussian loan. The discount rate re-
coded there. however. in spite of the
weak return of the Imperial Bank of
Germany for the past week. Discounts
showed a hardening tendency in London
with the payment of heavy obligations
to the Bank of England.
The publication by the Treasury De-
partment of the statement of money In
C1rcuidtlOn on tne HrSl OF tnt Scdi us
closed the continuance of the wide eX-
pansion of the circulation of the country
during December, the addition fo- that
month reaching $I0,14S,OO0 This fol-
lowed an increase i'll November of S131,-
$4,000. and in October of Sl0OOo,O0O,
bringing the addition to the circulation
for the three months up to S2I2.621 900
and making the total in circulation, So
O7S. $3.50. OO0-$3J.4S per capita, which Is the
highest per capita circulation ever reach
ed in this country. a good erect was
authorities that Withdrawals after the
first o. the year are turning out to be no
larger than normal.
IT was thought possible that intended
Withdrawals with the expiration OF the
sixty-day notices after the panic in New
York might have been deferred until after
the interest period had passed.
Bank Statement Helped Sales.
Anticipation of the favorable bank
statement was factor in the buying of
stocks, but the irregular tone of the mar
ket persisted to the closing. The SS,
100000 gain in cash by the banks fndi-
Gates that the disappearance of the cur
rency premium has brought some money
out of boarding from local sources as
we'll as starting the inflow of cash from
the interior.
The decrease in deposits is not as large
as the loan contraction would show when
cancellation of clearing house certifi-
Gates is inferred from this fact.
Bonds were firm. Total sales par value,
81 .23S. coo.
U. s. os have declined u PEI cent on call
during the week.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-05
Knickerbocker Receivership.

NEW YORK, January 4.-The tempo
rary recevership of the Knickerbocker
Trust Company was extended two weeks
by Judge Clark at st. George, Staten
Island, today penang the arrival of suf-
ficient depositors' assents to the plan for
resuming payments to permit the institu-
ton to open it's aoors. Affidavits were pre-
scented to the court showing that the
stockholders had contributed s., 100000 as
Il guarantee fund, and that over 60 per
cent of the depositors had already con-
scented to the plan.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-05
UNION TRUST COMPANY.
Hearing on the Petition for Perma-
nent Receiver Postponed.

PROVIDENCE, r. l., January 4-The
hearing on the petition for the appoint
ment of a permanent receiver for the
Union Trust Company, which closed it's
doors during the recent financial panic,
was postponed for three weeks by Justice
William H. Sweetland in the superior
court today The plan formulated by the
receiver contemplates the carrying out OF
the reorganization and the re-establish-
ment of the Union Trust Company by
voting trustees.
Justice Sweetland said that in his opin-
ion liquidation should be prevented if
posSib.e
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-05
New York Metal Market.

NEW YORK, January 4.-There was no
important feature in the metal market
today and business was quiet in the alb
sence of cables. Tin was weak at 26 Goa
21.5o. Copper. quiet and unchanged. with
lake quoted at L. Ea13. STE: eIectrolytic
at 13.J0a13.I5. and casting at 13.25a13 80.
Lead was unchanged at 3.60a3.Io and
spelter quiet at 4.30af.35. Iron was quiet
and unchanged.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-05
New York Dry Goods.

NEW YORK, January 4.-The statesmen
from many dry goods houses have gone
on the road again for spring and fall
trade. Hosiery and underwear lines are
open. Wooden and worsteds, staple lines
will be opened during the coming week.
Some linen damasks have been advanced
10 per cent. Staple prints are to be kept
at the list price for spring.
Imports of merchandise and dry goods
at the port of New York for the week
ended December % Were valued at $10,-
4J9 lI4
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-05
MANCHESTER CLOTH MARKET.

MANCHESTER, January 4.-Business
on the cloth market was again interrupted
by the holidays and few transactions We're
reported during the week. Existing in
ouiries show that buyers anticipate lower
prices, but producers display considerable
firmness. Yarns were quiet, spinners be-
ing very reluctant to accept lower Offers
The outcome of the ring spinning dis
pute is being awaited with interest
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-05
CONDITION OF THE TREASURY.

The condition of the Treasury at the be-
ginning of business yesterday was as fol-
lows:
Reserve fund: Gold coin and bullion,
$3.50, OoO,O0 Trust funds. to redeem out
standing certificates: Gold coin, $780,
3d. $50; silver dollars. s471 ,GO3, 600: silver
dollars of 1880, $5,47S.000; total, $l,246,-
1873 500. General funds, S125, i29. 473: de-
posts in national banks, 1921, $40, 022: in
Philippine treasury s4,112,344: awaiting
reimbursement, sG4,011; current liabilities,
Sill ,669, 1J3
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-05
New York Specie.

NEW YORK, January 4.--1mports of
specie for the port of New York for the
week ending today were sSS,545 silver and
s3,311.9 sol gold.
Exports of specie from the port of New
York for the week ending today were
1918, $40 silver and $4,000 gold.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-05

P1TrSBURG. Pa. January At Is ex-
pected that fully 1900 ovens of the H. C.
Frtck Coke Company. In the Connellsville
and lower ConnelIsvilla regions. will be nut
in operation again within the next, ten
days Several of the plants of the Frfck
company, which were operated only two
days last week. are being operated five
days this week. and a general resumption
is expected shortly.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-05

i-MBERLAND. Md, January 4.-The
Cherry River Boom and Lumber Company,
with plants at Redwood. Camden-on-Gau-
ley and Holcomb, w. Va. have resumed
with 1000 men. The Curtain Lumber
Company has also ordered their men,
about {, 900 in number, TO report.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-05
New York Mining Stocks.
Washington Stock Exchange.

Sales-Regular call. IL O'Clock noon--Washing-
ton Rwy. and Flee As, $1,000 at 10.
Capital Traction. 10 at 12i. 10 at 1884.
Mergenthaler Linotype, at 1884,
After call-Capital Traction IS, 81 900 at 11o5.
Washington Rwy. and Elec. As, 81, 600 at TAX !;
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-05
FINANCIAL.

BERT T. AMOS.
Treasurer.
WA. L. MEREDITH.
Secretary.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-05
Financial News Letter
By w. G. Nicholas.

Special Correspondence of The Star.
NEW YORK, January 4, 1905
The financial and business history OF
1907. having been duly and properly en-
balmed in volumuous newspaper pages
of annual reports and reviews" the
field is free for attempted forecasts of
the future. And really accurate knowl-
edge of what is to take place tomor-
row is of more value than the records
OF years that have gone by. 1t is not
somuch what has taken place as what is
going to happen that interests Wall street.
Therefore, everybody is trying to figure
out the course. of prices for the next
thirty. sixty, ninety and 10 days and
then some.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-01-05

basis of current quotations Mr. Harri-
mans stupendous gambling with the
money and credit of Union Pacific shows
a heavy loss in spite of his initial win
nings in Northern Pacific and in Northern
Securities. AS long as he was apparently
making mopey in his titanic gambling
plays with other peoples money and his
own he was all right, but now that the
tide had set In against him there is a
growing disposition to take a kick at him
and make him the scapegoat for all the
ills of Wall street.
1t is an open secret that Mr. Hartman
lost an enormous sum of money for his
personal account in trying to stem the
tide and make good the speculations to
which he had committed his companies.
but that sacrifice does not seem to satisfy.
Great curiosity is being manifested to
know the details of the earlier deals
through which Mr.. Hartman was able in
period of less than eight years to amass
one of the largest fortunes in America
to be given particulars of the spectacular
deals in which he piled up millions with
incredible speed for his own account Ugly
talk is INDUCED i'll and broad intimations
are heard that a revealment of the facts
would not be entirely to the credit of the
eminent financer. Mr.. Hartman has
thus far refused to notice slurring i'm
uuiries as to just where he divided his
own speculation from those Conducted as
agent for his corporations and to what
extent the two were blended Financial
writer's who were silent about Mr.. Harri-
mans speculations are becoming insstent
in their anxiety for details about the
Hartman speculations with Union Pacific
funds and hitting at sensational scandals
in connection Herewith.
The rumblng on this score is a vivid
reminder of the noises preceding the in
surance revelations and which precede
every other great disclosure of financial
obliouity Mr. Hartman has success
fully. defed official inquiry into his af
St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1908-02-05
woMAN's AUXILIARY.

At meeting held at the Association
building Wednesday afternoon the St.
Tohnsbury Wolnsn's Auxiliary of the
Y. M. c. A. was formally organized
These officers were elected to serve for
the ensuing year:
President, Mrs. Henry Fairbanks.
Vice Pres, Mrs George Cary.
Sec and Treas, Miss Flora E. Morse.
The following ladies were also elected
to serve with these officers on the board
of management
North church, Mrs. Charles A. Stanley.
Mrs. Robert E. French; South church,
Mrs. Rebecca Fairbanks, Mrs. Charles
S. Adams; Methodist church. Mrs Carl
II. Turner, Mrs. w. l.. Knowlton f;
Church of the Messiah, Mrs A. F. Walch
Mrs. Frank Rice; Free Baptist church.
Mrs. Orville H. Smith, Mrs Enrol c.
Grant; First Baptist church, Mrs. w. T.
Parks, Miss Isabelle Henderson; Episco-
pal church. Mrs Freelove Spaulding,
Mrs. U G. Libbey; Advent church, Mrs.
George Smith, Mrs. Herbert E. Dean.
The auxiliary is already forming plans
for active work and efficient committees
will be appointed to have charge of
different departments.
Mrs. Fairbanks was president of this
branch of the Y. M. c. A., when it was
first organized several years ago, and it
is especially gratifying that the work
under it's new organization should be
under her supervision.
meeting of the members and any
other ladies interested in this work is
called for Friday afternoon at 3 O'Clock
at the Association rooms.
St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1908-02-05
ST. JOHNSBURY CENTER.

Arthur Rich of Newport was the guest
of Mrs. Charlie Benedict the first of the
week.
Fred Parker, who lives near Boston,
has been visiting at Fred Robinson's.
Mrs. Laura Franklin has been in Hard
wick the past week on business.
Mr.. and Mrs. Daniel Gibson of East
Burke and Mrs. Emily Towle of St.
Johnsbury are visiting at Smith Emer-
sons.
Mr.. and Mrs. ]. Fl. Huntley spent We'd
nesday at her cousins, John Lynn, at
Lyudonville.
Miss Sarah Carrick of ST. Johnsbury
was the guest OF Miss Helen Hartman
last week.
Mr.. and Mrs. b. w. Morrill, and daugh-
ter Doris OF Barre were the guests OF Mr..
and Mrs. William Wallace last week.
Martin Carlton of Morrisville and Miss
Keith OF Passumpsic spent Sunday with
Mrs. Mary Hallett.
Those who were on the sick list last
week are better and the additional vic
tins OF the grip this week are Miss Maud
Berry and Baby Simpson. Miss Blanch
Rexford was unable to teach Friday, but
resumed her duties Monday.
Mr.. and Mrs. Homer Human are
spending few days with her parents.
MIR. and Mrs. William Wallace. On Mon
day he goes to Barton to begin work for
MIR. Bragg on the new school building.
Walter Hall lost horse that had pneu-
monia, Friday.
Charlotte Mclaughlin entertained 10
of her playmates at her home Saturday
afternoon, the occasion of her fourth
birthday. On Friday little Hazel Wiley
had a birthday party and on each
occasion the children had a pleasant
time. Ice cream and cake were served
The autograph tack, which the L. OF.
NJ. have been making, will be given away
Thursday evening at Firemen's Hall, A
tne program has been arranged and it is
expected that Mr.. Shepherd and Miss
Smythe Of ST. Johnsbury will give must
cal selections. Mrs. John Finn of St.
Johnsbury will give readings and Mrs.
o. +. Anderson will also read. Each per
son whose autograph is on the tack is
cordially invited. An admission fee of
ten cents will be charged.
Miss Bertha Salman entertained the
members of the Sunday school class We'd
nesday evening. The class started with
two members, and there are now eleven.
and eight of these attend Sunday school
Light refreshments were served and a
pleasant evening spent. This week the
class will meet with Miss Gertrude
Franklin, Wednesday evening at eight
o'clock.
Chauucey Adams, secretary of the Y.
M. {. A. at St. Johnsbury, gave a very
interesting discourse at the Congrega-
tional church, Sunday.
The boys of the Junior Christian En-
deavor are planning to give their supper
andentertainment Feb. 20. The program
isexpected to be furnished by out oftown
talent.
The monthly business meeting of the
Christian Endeavor society will be held
Wednesday evening after the PRAYER
meeting.
Miss Susie Forsythe left Thursday for
Pinehurst, N. c.