davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-04-02
Erie Influence on 10day'S
Dealings Only Slight.
CHIEF TOPIC OF INTEREST
Trading of Light Volume and
Wholly Professional.
LONDON IRREGULAR AND DULL
Railways Featured the Transactions,
Exhibiting at Times Well-Ttmed
Degree of Rallying Power.
CHIEF TOPIC OF INTEREST
LONDON IRREGULAR AND DULL
Special Dispatch to The Star.

Special Dispatch to The star
NEW YORK. April THE general af-
fairs of tho Erie railroad remained the
Chief totfc OF interest i'm Wall street to-
day. and when il became known that the
formal meeting of the directors to con-
slider the general circumstances OF the
company would not he held until late in
tho business session there naturally en-
sued marked falling away In activity
At the same time. except upon few
and limited occa sions the trading was
all the time in light volume and seeming
ly almost wholly of professional char
acter.
The renewed weakness In the Erie is-
sues in view of the ConEer2ence OF IN
forest upon the affairs of the property,
created naturally an unfavorable i'm
r precision. but this was not reflected IN any
substantial declines in the market at
large. In fact. the somewhat monotonouS
and wearisome term irregular must again
hn employed in defining the general char
acter Of the days dealings.
Aside from Erie railroad affairs there
was little in the mornings news or the
developments with the course of business
session Of a character calculated to incite
speculative ventures in one direction or
another.
Small Foreign Business.
The London stock market was irregular
aud tor the most part heavy. but the very
small transactions conducted here for for
cign account again showed an excess OF
purchases The weekly statement of the
Iank of England made a strong showing,
hut its effect was minimzed by the infor-
nation of the forthcoming issue of an
either large loan by the German govern
ment The banks rate of discount was
left unchanged at ) per cent.
The local money market showed no ma
t"rial alteration and sterling exchange
was slightly reactionary.
Inasmuch. however. as the affairs of the
Erie railroad were plainly the dominating
influence in the course of the days mar
the foregoing subjects except for purposes
of record.
Railway the Leaders.
The railway share list again gave a
somewhat better account of itself than
did the industrial and miscellaneous
stocks. Price movements in both depart
: nientS were to be sure fitful and
certain. but railwa.- stocks exhibited upon
occasions quite we'll defined degree Of
railying power.
Az usual. transactions were largest in
Reading. Union Pacific. United States
Steel common. Amalgamated Copper and
American Smelling. which stocks. in fact,
furnished a very large proportion OF the
total transactions OF the day. a fur
th"r decline in the quotations for copper
metal was. however. about the sole de-
yeIcpment to be named in connect ion
with the transactions in any of the stocks
in question. As has been the case for the
past few days. Southern Railway issues
were sSnpathetically affected by the
course of the Erie shares
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-04-02
THE BALTIMORE MARKETS.
Special Dispatch TO The Star.

Si'FIHI III<pHIFn To In" Sfar.
BALTIMORE Md. April 2.-WHEAT-D Dull:
sp"i contract. :Sisa.-fa, spot No = red western
81 a?'ia: April a';i asa6S, May. sss9sl,
steamer "" red @2'2sa2al: receipts. 500 bush
cls: southern grade. a.taa97,..
CORN Dull: spot mixed ;s".aG1: No. = white
6Sl ,H'esty: April. tTa aG.: MAY Eats: steamer
mixed. Go9a a'i3. Te"sntS. 80 Ipishels: south
-" whit" CORP. Ga. southern yellow corn
C..ss<'a
OATS Dun: No = white .,Sa,9: No , white
s'''raiN. NJ. mixed -. receipts. IL 42
lN~hslS
HNE Dull sud lower. No. :. western ryport Sc
iItN StrTdv unchanged.
GRAIN FREIGUrS-Steady. unchanged
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-04-02
THE COTTON MARKETS.

NEW YORK. April 2.-The cotton mar
ket opened steady at a decline of point
10 an advance of points. late months
being relatively steady on predictions for
cold weather. while near months were
easy Shortly after the opening the gem
craI list sold off to a net loss of 3a7
points.
Futures opened steady-May $40: June
o.: July. go: August. 3.I2: October,
900: December. 49,; January. ?.Gi-64
The market was quiet in the late fore
noon, with late crop months inclined to be
easy. and to points lower while new
crop positions ruled steady and were a
point or two higher at midday on predic-
lions for frost in some sections of the
belt
Spot quiet: n1Nldling uplands. 1880;
middling gulf l0I
Estimated receipts at the ports today,
14.nn0 bales. against IL. So3 last week and
1Si last year. For the week IO0,GW
bales. against ~ 20 last week and 1l3,OS4
last year. Todays receipts at New Or
leans. i.TlI bales. against 2Gs2 last year
and At Houston, 3.:31 bales. against 1850
iasi year.
Spot closed quiet. ten points lower: mid
ding uplands 1910: middlng gulf, 10 81 >
~ i,a1a
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-04-02
FOR OUTSIDE TRADE
COMMITTEE OF CHAMBER OF
COMMERCE TO TAKE ACTION.

Authority TO It's retail trade committee
to organize as d neutrality-suspicious. body
was unanimously granted by the board of
directors of the Chamber of Commerce at
meeting in the Brentano building yes
terd2E afternoon. Capt. James +. Oyster
presided. President Robert N Harper he =
ing absent. IT was also decided to APP
point committee of five to frame re-
ply to a communication received from
the Central Labor Union. with a view to
ending the building labor trouble
D. J. Kaufman introduced the question
of special organization Of the retail trade
committee of which he is chairman. pre-
senting a resolution setting forth that
1.-The committee on retail trade. in order
more effectively to promote its work and
put the same on permanent basis be
authorized and empowered under the
provisions Of article - section q. of the
constitution Of The chamber. tn form itself
into a Semi-independcnt board or cont
mittee. and that ii he given the active
service and cooperation of the regular
secretary of the Chamber of Commerce
when such official shall have been EN-
ployed -
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-04-02
LOCAL FINANCIAL NEWS.

Comment was occasioned today at the
meeting of the Stock Exchange by one
OF the brokers bidding up Potomac Fire
Insurance stock five and onehalf points
above the closing bid yesterday. Then
% was bid and 2S was asked. and today
when the broker ran the bid up to 2Siz
he was offering the stock at 30.
Only four shares changed hands. and
these were sold for 2ols and at once re-
sold to the principal bidder at an ad-
vance of an eighth of point The adj
vance in the bid appeared to cause the
stock that was for sale yesterday at IS to
disappear, or at any rate 1t was not Of
fered for sale at that figure.
Exactly why such movement occur
red in this stock is not known. but what
was done illustrates what has been look
cd upon for several days past as char
acterstic of the market. and that is the
lack of securities for sale on the prevail
ing level of prices. It ia possible the
broker in advancing the bid wanted to
find a high level for the disposal of some
stock. but if that was his purpose 1t did
not fully develop.
The securities of the local fire insur-
ance companies have not figured much
in the transactions of the market for
several months, and that Indifference
can he attributed in part. at least. to
the mix-up that has taken place in the
fire insurance situation in this city. and
which is still uncertain in its outcome.
IT may be said one result is apparent
that the local companies have stood the
strain of lower rates in very good fash
ion.
There has been no rate war in any
aggressive sense, and 1t seems probable
that the relations which are 10 be es-
tablished in the future will be agreed
upon as the result of a consideration OF
all interests. and not in the way of a
conuueror who leaves the battlefield
strewn with bodies and takes possess
sion of the property of the fallen foe.
certain buoyancy was displayed in
the case of some of the other securities
on the list, but what was done in the
way of attaining higher levels was done
without bringing out much OF the stock.
The steady upward progress OF prices,
with a small or diminishing volume of
trading, has marked the market for
several days. and it seems probable
there is to be a continuation Of the adj
vance all along the line.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-04-02
Closing Quotations.

Closing Quotations.
At the close of the stock exchange the
following stocks had changed in price
SINCE above quotations. there being no
chahse in balance of the closing prices:
Amalgamated Copper, 80.
American Car and Foundry. 3ols.
American Smelling, 6S.
Anaconda, 3S1s
Atchison, Topeka e. Santa Fe, -.
Canadian Pacific 151s4.
e, c.. c. & st. L., 5312.
Central Leather 20
Chicago, Mil and ST. Paul. 11IH
Chicago and NV, l46k.
Colorado Fuel and Iron, "a.
Consolidated Gas, 1857
Denver and Rio Grande, 20.
Erie, COM, lay.
Erie, LIST pfd., 314
Erie. I'd pfd., 20h.
Great Northern, pfd., 1874.
Interna tional Paper sk.
Mexican Central. 1871.
Mo. Kansas and Tex. com, 23k,
NJ s. p. and S. S. NJ. 11Os4.
Missouri Pacific, 42A
New York Central 9Ts
Northern Pacific. 127i.
Peoples Gas of Chicago SS7s
Pressed Steel Car, %
Reading. lO3is
Republic Iron and Steel 1871.
Republic Iron and Steel. pfd.. 7ols.
Southern Railway, 1875.
Southern Railway. pfd 37la
Tennessee Copper. ".
Toledo. ST. Louis ana West. 1sSs.
Union Pacific. l24s..
Z. S. Rubber, 22lz
I. S. Rubber. pfd., 81
1. S. Steel :;3ts
L. s. Steel. pfd.. 9sis
Utah Consolidated :Dss
Wabash, pfd., IS.
BONDS
Rock Island Is. 62i.
United States Steel IS. 9l7a.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-04-02
THE LONDON MARKET.

LONDON, April 2.-American securities
were dull and heavy during the early
trading today. At noon prices were UNI
changed to Is below yesterdays New
York closing.
Although the New York opening came
steady. selling became general and the
Lot oil
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-04-02
Washington Stock Exchange.

Sales.-Regular call. 70 o'clock noon-Washing
ton Rwy. and Flee. IS. $500 at ISL, 81, 900 a
~. 1000 at IS. 1000 at IS. $1,000 at IS
81 600 at 1Sis 1000 at IS.
Capital Traction. 3 at llsla. 10 at 1lsh.
Washington Rwy. and Elec. COM, % at q
= at 30
6iIs. 23 at S134.
Union Trust . at 115.
Potomac Fire Insurance. 4 at ISIS. at 25A.
After call-Canital Traction. 80 at ISL.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-04-02
FINANCIAL.

THE NATIONAL METROPOLITAN BANK HAS
declared semi-annual dividend Of six per cent.
payable April 10. 1908. to stockholders OF
ord April ). 19ns Transfer hooks will he
closed from April TO April IL. 1908. spl-3t
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-04-02
Liverpool Cotton Prices.

LIVERPOOL, April 2.-Closing: Cotton
Spot, good business done: prices points
higher; American middling. fair. 64l:
good niddlinG. COS; mddling. 5.I9; low
middling. -: good ordinary, :.oi, ordi-
nary. ISL. The sales of the day were
1o.HD bales of which Loo were for specu-
ton and export. and included 9,6H Ameri-
can. Receipts. 10000 bales. including
a7oa American. Futures opened steady
aud closed barely steady; American mid
ding. &. o. G.. April. :,.31h,: April and
MAY. 5.29ia. May and June. 5.30ia: June
ard July. I.31'.. July and August a3l ::
August and september. 81: September
end October. 5.si2: October and Novem-
her. Is: November and December. = IL:
December and January, J-1i: January and
February. 513In
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-04-02
Liverpool Grain Prices.

LIVERPOOL, April 2.-Closing: Wheat
Spot, quiet; No. red western winter.
IS Id: futures. dull: May 6s 1OTad; July,
Is sad: September, is 11Ad. Corn--Spot.
firm: prime mixed American new. rs I'd
prime mixed American old IS i'd: futures,
dull; May, IS Sad; July. nominal.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-04-02
The World of
Finance and Trade
NEW YORK STOCK MARKET.

Furnished by w. 3. Hbbs e. Co. bank
ers and brokers. 1919 F street. members
New York Stock Exchange, Washington
Stock Exchange and Chicago Board Of
Trade
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-04-02
Government Receipts.

National bank notes received today for
redemption. S1.55O.o29: government re-
ceipts: From internal revenue. $500 .3S3 !:
customs. 1861 $50; miscellaneous, 1855. O91.
Expenditures, S1,96O,OOO.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-04-02
Purpose of Resolution.

Mr.. Kaufman explained that the pur-
pose Is to form the committee into an
active organization. semi-independent.
though within the Chamber of Commerce.
having for its secretary the secretary of
the parent body when such person shall
have been regularly employed. The duties
of the committee shall be Ia carry on a
continuous campaign for outside trade,
with proportional return of railway fares.
as during the fortnight's campaign just
preceding the last Christmas holidays,
and to devote its attention to other mat
tiers not yet fully decided. The authority
asked was granted unanimously. as
stated. after some discussion. in which
John l.. Weaver. +. c. Graham. u. J.
Callahan. Il. +. Saul and J. Fl. Ralston
part icipated.
1t is understood that similar action will
be taken with other committees so that
the chamber will have within itself sew
real estate, wholesale trade. building
trades and other subdivisions of enter
prise.
Reply to Central Labor Union.
The Central Labor Union asked that a
committee of five be appointed to confer
with a similar committee from the union
on the labor troubles i'll the building in
dustry 1t was decided to appoint a COM
mittee of five to draft reply. which
should be submitted to the executive COM
mittee for approval.
Reports were made on various bills
pending in Congress which were submit
ted by the committees .on municipal and
general legislation. One. against which
objection was urged-by Chaplin Brown, is
hat 1rovidin. Ia" !tstiini!DI' II tours III
labor on contracts with tho District. The
bill was sent back to the committee with
instructions to oppose its passage.
The question of observance of Wash
incton's birthday was referred to the com
mittee on conventions. The treasurer 8
report showed no indebtedness and bal
ance of 1880
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-04-02
Uncertainty Over Tariff Revision.

'Uncertainty will continue from the
time the conventions resolve upon re-
vision until revision is an accomplished
fact. Even II 1t were certain that the
republican party would retain control of
both branches of Congress. as we believe
II will, with an assurance that revision
would be- effected after March strictly
according to the principles OF protection,
uncertainty and hesitancy would prevail
nevertheless, until the new schedules were
eua IT ed into law.
Revision made imme diately following
the coming election has this advantage,
and it Is a distinct advantage, over re-
vision after the incoming of the new adj
ministration. 1t will reduce the period of
disturbance some four months. This is a
considerable gain at any time, but 1t 10
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-04-02
Importance Of Congressional Election

I'VE should not close our eyes to the
fact that there will be determined ef-
fort by the opposition to control the next
House Of Representatives,. If 1T should
succeed. a republican Senate and a demo-
cratic House would be charged with the
treme ndously important subject of revi-
sion. The two branches of Congress would
stand for Numerically opposite theories:
the one for q protective and the other for
an event that the contest would be pro-
tracted and the ultimate result a COM
promise. 1t Is easy to conjecture what
effect this would have upon the business
of the country. Why subject the business
of the country to a public hazard which
we can readily avoid7
I'VE are in control OF the legislative and.
executive branches. and will of course.
so continue until the close OF the present
Congress. 1t would be manifest folly TO
attempt revision on the eve of a presi-
Dental election. We can. however,
wise such schedules as may require re-
vision Immediately following the coming
national election and before March
next IF Congress were convened in spe-
cial session Immediately after the election
it could probably complete the work of
revision before the inauguration of the
next administration. We would be en-
abled by this method not only to guard
against the contingency OF a revision with
a. democratic House, but we would put an
end to apprehension in the business world
possible So long as revision is unde-
termined and yet imminent 1t will be II
powerful deterrent influence in the re-
sumption of our industrial activities
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-04-02
CURB QUOTATIONS.

Quotations furnished by T.. F. Hutton 4 Co.,
members New York stock Exchange: G. Bowie
Chapman, manager. 1901 st. NV.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-04-02

Continued from First Page.)
Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-04-02

life is pure; his home life ideal; his public
life unblemished
For these reasons we instruct the
delegates at large elected by this conven-
ton and the district delegates heretofore
elected to present his name to the ma
tional convention. and spare no effort TO
secure his nomination as the publican
choice for the next presidency"
The platform indorses Gov. Hanly.
Chairman Harry s. New of the republican
national committee. United Sta = Sena-
tors Beverage and Hemenway and Chair
man Goodrich of the state central COM
mittee.
Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1908-11-22
NEW ORLEANS INVITES TAFT
In Event of His Making Trip 40
Cube, southern city WOuld
he His Host.

NEW ORLEANS, Nov. 2l--An invitation
was last night extended President-elect
Taft to visit New Orleans In the event of
his making trip TO Cuba next February
to witness the Inauguration OF the islands
new government. Judge Taft will be urged
to go to Havana via New Orleans The in
yitation was sent by wire last night and a
New Orleans committee VIII wait upon
Judge Taft when he attends the National
Rivers and Harbors congress in Washing
ton next month, and urge that he accept
HOT SPRINGS. Va. Nov. 2l.-Brigadier
General Edwards. chief of the insulsr
bureau of the War department, came here
today for a conference with the president
elect on the. subject OF the Philippine tariff
and the American withdrawal from Cuba.
Henry w. Taft, brother or the president
elect. came today for a visit which will
extend until after Thanksgiving Repre- .
sentative Lowering Of Massachusetts, and
Of Indiana, were added TO the political col
ony at the Homestead.
Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1908-11-22
FLEET CONCLUDING PRACTICE
Tomorrow's Work VIII Finish Target
Firing and Omcers viii Then
Exchange Places.

MANILA, Nov. 21.-It is officially an
nounced that the ships OF the Atlantic bat
tleship fleet which are now completing the
various portions of the regular fall target
practice, are showing considerable improve
ment over their work of the same character
last year The results OF the practice are
said to be very satisfactory.
The battleships Connecticut, Kansas, Min
nesota, Georgia, New Jersey and Rhode
Island have already finished their battle
practice, while the Nebraska and Wiscon-
sin have completed their work to establish
records. The Virginia, Vermont, Ohio and
Missouri are firing today and the Ken
lucky Kearsarge, Illinois and Louisiana
will fire tomorrow. concluding the entire
battle practice OF the fleet. . ...
Sixty officers who have accompanied the
fleet thus far on its journey will bid fare
well on "Wednesday, their places, being TILED
by a like number OF officers from the cruis-
ors and gunboats of the Asiatic fleet, who
will return to the United States with the
big fleet. The officers who leave the At
lantic fleet will take the places left vacant
on the vessels OF the Asiatic fleet.
Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1908-11-22
DENSE FOG CAUSES WRECKS
Two Persons Killed and Number Hurt
in Chicago as Result of
Collisions.

CHICAGO. Nov. 21.-Two men were killed.
another was perhaps fatally hurt, and
number Of persons Injured in four wrecks
dncludlng one on the Illinois Central last
night), which occurred in Chicago and en-
virons today as the result OF heavy fog.
Wabash suburban train crashed into a
freight train, between Worth and Chicago
ridge, killing the engineer OF the passenger
train. Two electric cars on the Aurora,
Elgin and Chicago line colided near Aurora
and five persons were injured Four per-
sons were hurt in head-on collision be-
tween two electric cars OF the Calumet and
South Chicago City Railway company. at
stoney Island avenue and Ninety-fifth
street. Collision OF an Illinois Central
freight train with a freight Of the wiscon-
sin Central, resulted in the death OF Arthur
Alt OF Milwaukee, one Of the firemen.
Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1908-11-22
DR.. BELL HAS NEW AIRSHlP
Trial of Craft Soon TO BE Made on
Lake KeuISH-PropeIled by
Motors.

HALIFAX, N. s., Nov. a.-Dr.' Alexander
Graham Bell has completed his new aero
drome and has permitted newspaper
representative. who visited his summer
home at Baddock near sydney, C. B., to
make an inspection of the machine.
The 'Signet," which made a successful
ascent last year with the late Lieutenant
Selfridge as aviator, was composed of 1888
tetrahedrons. wkile the new aerodrome,
constructed on practically the same lines,
will have 5000 tetrahedral cells. 1t Is the
intention of DR.. Bell to make trial flight
the first week in December.
w. F. Baldwin, chief Of laboratories for
DR.. Bell. says that the experimental bureau
at Hammondsport n. Y, is about to make
experiments on Lake Keuka. where an
aiTship will be propelled by its own motors
over the surface of the water 10 get suffl-
cient speed TO expand its wings. The ma.
chine vii! be attached to Light canoes
which viii be carried by the airship as IL
leaves the water on its flight.
Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1908-11-22
WOOD PULP UP TO COMMITTEE
This Matter Being Considered by
Ways and Means Body OF
the House.

WASHINGTON, Nov. q. - The tariff
schedule on pulp and papers and books
was taken up today by the ways and means
committee of the house and II probably
will be necessary for the committee to
hold another night session ThiTty-si1 wit
nesses have signified their intention OF pre-
senting the committee with information
bearing on this schedule. The most inter-
estlng feature of the hearing will be the
consideration OF the tariff on pulp and
print paper az a special committee OF
congress conducted an investigation OF the
pulp and print paper industry. The report
on the findings OF the committee has not
yet been made.
The other articles coming under this
schedule regarding which testimony will be
offered are parchment, surface-coated and
photograph papers. the decalcomania and
photographic prints, wall paper, postal
cards, books and tissue paper.
Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1908-11-22
KANSAS CITY BANKS COMBINE
Union National Absorbed by National
Bank of COmmerce-NeRl
for Head.

KANSAS CITY, Mo, Nov. n.-The Union
National bank OF this city. with deposits
OF sisOOo.0OO was absorbed today by the
National Bank of Commerce of Kansas
city. Tho Union National was one OF the
oldest financiei institutions in the city
and by combining the two. the Commerce
will have a total of Ss1.5OoOoo in deposits.
Fernando p Neal. president Of the merged
Union National Is said to be slated for the
presidency of the National bank OF Com
merce the position left vacant by the resig-
nation last Thursday of william Barrett
Ridgsly, former comptroller OF the cur
rency.