davidaulloa/AmericanStories huggingface dataset:
The San Francisco call., 1908-09-30
Provisions

Further advances in hams. bacon and lard arc
reported Barreled goods unchanged
Cured Meats-Bacon. TO 10 lbs 1Sc. 10 to
't2 lbs, lie; light medium. 14lze; medium 15c:
bellies, II to II lbs, Ice: sugar cured. TO
lbs, 21e; to 10 lbs. zoe. 10 TO Il lbs, f9c:
fancy sugar cured 2355e per lb; English cured
bacon. TO lbs. Zoe: S to 10 lbs. 19c; 10 to Il
lbs. lsc; eastern sugar cured hams. 17c for
medium and lie for light: extra fine brands
171.c, California hams, '151sc: mess beef. sl1
per bbl; family. s1l.50 extra family. S1150; ex-
ira prime pork, 5000; clear, S21.50; mess. s22
The San Francisco call., 1908-09-30
Norfhern Wheat Market

PORTLAND. Ore. Sept 29.-- wheat-Choice
naa mling rs Sorts G track prices club s9c bluestem
Export prices-Standard quality, club. ssc;
piGestem, We turkey red. 92e; red Russian, sec.
TACOMA, Sept. 29.--Although the tone Of the
market was weaker under advices from Liver
pool OF a weaker feeling. the quotations were
unchansed here. Milling blnestem. 94c club,
s'oc; red s9c; export, bIuestem. sc; club, Ssc;
red. s6c.
The San Francisco call., 1908-09-30
Northern Ruxinesa

PORTLAND, Ore. Sept 2e.-Clearings, ST.
oI5,903; balances. $IT4.346
TACOMA, Sept 29-Clearings, $I6S, 1893; bal
ances, $43, 800.
SPOKANE, Sept. 29.-clcarings so71,41s;
balances, $126,30I
SEATTLE, Sept. 29.-Clearings S1515.2 .2S2;
balances, $202, Col
The San Francisco call., 1908-09-30
Condition of the Treasury

WASHINGTON, Sept 29.-Today's statement
of the treasury balances in the general fund.
elusive Of the Sl5e000.Oo0 gold reserve. j hows:
Available cash balances. $11s.100,3S6; gold coin
and bullion. $32 293, 969; gold certificates, $S4,
So. .5l5.
The San Francisco call., 1908-09-30
Cash Grnin and Prnyisions

CHICAGO; Sept. 29-Cash quotations were as
s1iiows; 70 nna; q, Flour firm No. spring wneat, di
qsl.eoA NO. corn. 1871 @7SSic; no. yei-
iew' asA @I9lsc- No. white oats 4l14 es4staeI. I.
to choice malfn gi GOOD feeding Darieg
Sl22& Prime timothy seed, $40 Short ribs,
sldes tloose), S9-75@10. Mess pork, per Dbl,
SifcVWl9 Lard, per 100 lbs, S102212- WHISKY,
basis of high wines ST AZ
The San Francisco call., 1908-09-30
MISCELLANEOUS MARKETS
Naval stores-Turpentine

Naval Stores-Turpentine and Rosin
SAVANNAH, Ga, Sept. 29.-Turpentine-
Firm. 351hc; sales. 705; receipts, T4S; ship
ments, Coo.
Rosln--Firm: sales. a,7a3; receipts 2.4ss;
shipments, 1910; stock. 12s, Cos. Quote: b,
S2.65; D.. S2.70; f, S2.72is; +. $2.75; G.
S2.s21s; II, $40; /. $3.50; X. 400; NJ, $4.S5;
n, $40; VIC, S6.05; WV $3.50.
The San Francisco call., 1908-09-30
;al's Page Of Co11n1ercial News

pig pork. s24: pigs feet So for half bblss Sc IS
for - To- kegs and $3.50 for kits; smoked beef.
17i2 e. 18c per ID.
I.ard-Tierees. quoted at &c for California
compound, and 13c for California pure; eastern
Ii tins 14c.
Cottolene-One half bbi 1Os<c; half bbls.
The San Francisco call., 1908-09-30
Dried FruIt.. Rnisins. Nuts and Honey

Prices for fruits and raisins show no change
whatever. Trade is quiet, though there is some
inquiry. but IL does not result in any marked
trading. The is reported holding on until
the weather there gets colder, when the demand
for California cured products will undoubtedly
improve.
ihe shortage in the prune yield Of the coast
appears more marked as the season advances.
New California chestnuts are In from Stockton
and Offering at zoe per lb.
The Portland. Ore, Journal says: According
to private adyices received by local dealers and
special reports from Journal correspondents 1t is
now quite safe to say that the 1seS prune crop
of Oregon has been cut in half, far the
size of the yield is concerned Samples of prunes
received show the crop to be of unusually good
quality and sizes are much better than had been
expected
The San Jose Mercury of September &c saws:
prune crop Of the valley is less than esti-
mated Farmers who expected to be able TO
make delivery OF 10 tons finding that
their crops amount to only 10 or IL tons The
deliveries shout one third less thal estimates
made earlier in the season predicted.
up TO this time about 40 per cent OF this
years prtne crop has been contracted for. Pack
ers are not buying ahead. they have done in
previous seasons. although there seems to be no
desire on the part of the eastern buyers TO force
the prices down. and shippers do not anticipate
any weakening in the market There is simply
not an urgent demand, and they prefer TO buy as
the product Is demanded.
.'rhis years crop is about cne-hfth of a fair
viii produce 125s0oo00 or even $4,000 000
pounds of prunes. This year the total yield will
probably not be greater than lS,O00OOO or TO-
900 coo pounds
Fruits tnew crop)-Evaperated apples 5150
61ae; aprieots. sG10c; peaches. 5G515c for
standards 6G61sc for choice &c for extra
choice and 7lsc for fancy; pears. 5Gl71ac; pitted
plums, 6GTiac: figs. 215 G4c; prunes, size
basis, 81 94c for old and 3tz G4c for new crop.
with a premium for the large and discount
for the small sizes.
Raisins (new cropl-C1usters- crown. 81;
crown $40; crown, s.; London sGl, ayers
seedIess. 41.e: Thompscn's seedless, size; loose
muscatels 5&xc for 4 crown, He for crown
aud 4atc for crown.
Nuts-Alpsonds {new cropl, nonpareils, 1iia&
12c; XXI. 1914 Gle; plus ultra. 10c: brakes.
91ac; languedocs 81 H9c; hardshells. TIC. Wal
nuts-12l Is @i3c per lb for No. softshelI and
S12@10c for No do; 12c for No l hardsheH
and SIC for No. do; chestnuts, zoe per ID.
Honey-Water white. comb. 16G17c; white,
15c; water white. extracted. sGSszc: white "a
Sc; light amber. 7Q7isc; dark amber and can
died. 5L G5&c per lb-
Beeswax-2s92ec per ib for light and 24@25c
for dark.
The San Francisco call., 1908-09-30
New York Mining Stocks
Boston Stocks and Bonds
THE COPPER sToCKs

THE COPPER STOCKS
BOSTON, Sept 29--The market was weak.
Nipissing declared regular quarterly diyi-
dend Of per cent. 15c share payable
October 20 TO stock OF record October 2 Books
close October and reopen October 81.
COPPER CLOSE
The following list is furnished bv E. r. Hut-
ton & Co, z90 California street, San Fran
cisco. Cal:
Bid. Ask. Bid Ask
Adventure 81 Mass Gas - 54IL Sc
Ahmeek ..-.100 los Mass Mining G15
The San Francisco call., 1908-09-30

rate will be made today. The bank has paid
$3.50 800 in dividends since 1t was organized In
1893 The rate was ) per cent up to 1907.
For the last IS months it has beep per cent
and now it is per cent.
The San Francisco call., 1908-09-30
Butter. f,bee.e and Eggs

CHICAGO, Sept. 29.--on the produce exchange
today the butter market was firm. Creamerles,
20026c; dairies, 1S@20e. Eggs firm at marx,
cases included, 16@19c; frsts, &c; prime hrsts,
23c Cheese strong, 12h @131ac
The San Francisco call., 1908-09-30
London CIesing stocl.s

Bar silver-Quiet: 233sd per ounce.
Money!. al per cent.
The rate OF discount in the open market for
short bills is Ia per cent and for three months
bills Iss per cent
The San Francisco call., 1908-09-30
Deciduou. and Citrus FruIt.

1ne fEulr market Is commencing round
into better shape, but the Improvement in con-
ditions. while perceptible. is slow as receipts
are stiu running free and quite a large ac-
cumulation OF poor and unattractive stock still
remains to be disposed of. Thousands OF boxes
OF soft and overripe nutmeg melons have been
disposed OF through seavengers during the last
Few days, but there IS Still plenty of old stock
on hand and the pressure TO sell this has
depressing efect upon values for new arrivals
Wstermelons are closely cleaned up and higher
as result or the continued hot weather, but
cantaloupes find few buyers snd receivers have
been obliged 10 request shippers TO cease for
Wsrding them for II wEile. Stocks of peaches
aud pears are less excessive than at the close
or last week. and prices for the latter are
pointing upward, while the former still
be bought cheap. Supplies Of peaches In large
ooxes are small at the stores. but this Is be-
cause they being sold on the wharf TO save
carriage and the sellers are content to take
what they can get from the pedGlers. who are
the principal buyers Figs plentiful, and
as the fruit does not grade fancy, prices
are weak. with soc box about the top FOR
general offerings. Plrms, prunes and ounces
are Gull with an easy tone prevailing, while
there is hardly any call for pOmegrsnates In
the apple market Newton pippins selling
Up to Sl-10 for four tier boxes and similarly
packed lots of Belld0wers sell around 9OcMSl
these being the only varieties for which there
Is any demand TO speak Of. Table grapes
moving a little better under the stimulus of
the warm weather. and the best packs, par
ticularly of muscat and seedless, are higher,
but not much so. Strawberries, raspberries and
blackberrles are showing the effects OF hot
weather and large portion OF the receipts
low prices every day. Coos bay cranberries
have appeared and are held at $4-25 bushe
box.
Strawberries-S466 per chest.
BlackberrieS-$26l4 per chest
Raspberries- 5OH6 per chest.
Huckleberries-121s = q lie per ID.
Apples tper boxl-Fancy in tier boxes, 90cGt
S1.15; common to choice, 4097Jc.
Pears-Bartletts, 75cG$l.1O per box; other
varieties, 4007 Toe.
Quinces-40Q6Oc per box.
Plums and Prunes-I5cg$1 per box or crate.
Peaches-Smal boxes including mountain
fruit, 2595oc; large boxes, 4O@I5c; carriers,
SOC
Figs-35Q65c per box.
Pomegranstes-65G GT5e per box.
Mel0ns-Nutmeg melons. 15035c per box; can
taloupes. 50c@S1 per crate; watermelons. S1-25
H2-50 per dozen.
Grapes (crates and small boxesl-Seedless. IS
G90c; muscat. 50G65c; black, 356f5Oc; tOkay.
50065c; Isabella, 506s65c; large boxes, S1-256
1.50 for seedless and 50eG1 for other varieties;
wine grapes, S12@15 per ton, with some spe-
cal brands selling up to S21.
Citrus Fruits (per box(-Valencia oranges,
S2-50N3.50; grapefruit, nominal; lemons. 81. 70
6i3.25 for fancy. $1.156I2 for choice and $19
125 for STANDARDS; lines, $4GJ
Tropical Fruits-Bananas, S1@1.50 per bunch
for Hawaiian and s.. 50G3 for Central American;
pineapples, S2@S per DOZEN
The San Francisco call., 1908-09-30
New York stock Lists

l. T. Hutton d Co. 40 California street.
members Of the New York stock exchange, fur
yesterday.
Sales STncKS IIIich- How Rid 49,
The San Francisco call., 1908-09-30
Poultry and Game

At all of the poultry stores yesterday liberal
supplies of chickens were lying around awaiting
The San Francisco call., 1908-09-30
Meat Market


There Is plenty OF beef. mutton and pork on
the market which Is quiet. rather lower
range in values Is expected BY some houses
DRESSED MEATS.
Saughterers' rates to dealers are as follows:
Beef-S1s 46%c per ID for steers. 5q6c for
cows and heifers-
Veal-60715c for large and 81 69c for small
Mutton-W ethers. Tdsc: ewes. 81 e17c per ID.
Lamb-S1a G91sc per ID.
Dressed PORK (per lbl-9G91hc for light and
S4S15c for heavy.
LIVESTOCK MARKET
The following quotations are for good sound
livestock delivered in San Francisco. gross
weight:
Cattle-Steers. No. l. Sst 94c: second quality
sac; third quality. 2@3c; cows and heffers
Sc for No. /: second quality. 2&t third quality.
21sc; thin, Ia G2c; bulls and stays. 15d1@c;
thin bulls, lake.
Calves-415 eg4aic per ID for light. &C for me-
dium and 81 &c for heavy.
Sheep-Wethers. Sac per ID; ewes. BIC:
shOrn. 1ze less
Lambs-4G4Lc per ID.
Hogs-100 TO 14O lbs &c: 40 to $50 lbs. sc:
25O to 325 lbs, 51aG5&e; boars so per cent.
stays 30 TO 40 per cent and sOwS 10G20 per
cent on from above quotations
The San Francisco call., 1908-09-30
FUTURES
10:30 a. M Session
No quotations.
2p. m. Session

No quotations.
2 p. N. Session
No quotations
Barley-0cean freights continue unchanged at
about 2Gc Sd, usual European options The
chartered grain tonnage in port is 1892,
against 10, 1877 tons on the same date last year:
disengaged 3d. 900 tons, against nothing last
year; on the way to this port, 1888 tons,
against 355, 900.
The spot feed market was firmer yesterday,
a sale of choice at S1.36A being reported
Other descriptions stood the same.
CASH BARLEY
Good to choice feed, spot, $1.30G1- 36A; COM
mon to fair, S1.20@12SA per ctl brewing,
Sl3l y g L 40; shipping, Sl35@1-375; chevalier,
81. 55@g1.60.
FUTURES
10:30 a. IN. Session
May-s1 4l1 bid; s1.42 asked.
December So bid; sl.ssh asked.
p. N. Session
December .3sN bid; s1.3sA asked.
oats-Whites continue easy under liberal
supplies. The other descriptions are unchanged,
with quiet market.
Choice white, $1.IU@1.75; No. 1 do, $1.e5@
167H common do 81 l55g1 so; gray, $1.55g
162fa red, recleaned, for seed. $1.S592; feed
lots, $1.G5@1-75 for choice. S1.50g LEO for good
and Sl.4J for common; black, $2W2.60 per ctl
Corn-The market continues dull, nominal and
featureless
California small round yellow, nominal; large
yellow SlS5Q 30; white, nominal; western
states yellow sacked Sl.90; in bulk. San Fran
cisco track, yellow. $1.S2; white, $1.S1; mixed,
$l.sol-; Egyptian, nominal
Rye-is still very quiet at 81. .4o9i.45 per ctl
The San Francisco call., 1908-09-30

Portland Butter Market
s21a g34c; fancy, s215c; choice, 3oc; store. Isc.
The San Francisco call., 1908-09-30
Hides. Tnllor. wool and Hons

All markets under this head remain about fhe
same Wool Is very dull. with quotations largely
nominsl- Hops are inactive and without feature.
Hides are about steady. with the tanners not
doing much.
Hldes-Culls and brands sell about 15d1c un-
Ger quotations. Heavy salted steers, 12c: me-
dium. lie; light. Sc. cowhides. 10c for heavy,
&c for light: stays. 65acs salted kip. 10c: salted
veal. lac; salted calf 14r5c; dry hides, lie.
dry kip. 15c; dry calf. 20c; dry stays. 12c:
dry veal. 1Sc; Mexican dry hides. 1615c: Mexican
dry salted do. I3c; Mexican picked do, l5c;
sheepsklns. shearlings, 20G30c each; short wool.
356150c each; medium. 551S0c each; long wool.
s5cM$1.25; lambs. 15G43e: horse hides. sale
81 2-50fl2.75 for large and 81 I5eQ2 for medium,
75c7$1 % for small and 25H50c for colts horse
hides. dry. $26l2. % for large and $1.25d2 for
medium. 50cU$l for small and 25Q50c Tor colts:
deerskins. dry MEXICAN. 2Sd30c: dry salted do
u Gl26c: picked do, zoe: dry Central American.
26Gl30c: goatskins. prime angora. 75e4s1 large
Lair goats 36c; medium. zoe; small. 5d15c.
TaIlow-No. l rendered. 41e 94&,e; No. 2. 3A
&c; grease 2G215e.
wooI-Spring clip (f-ee) Humboldt years
staple. $50 tSc; northern Humboldt and 3Iendo-
cfno. II 161f3c; San JcaQuin. 7G9c, southern
coast. e6Sc. Nevada. 9412c per h. Fall clip.
northern mountain (freel. 06Sc: defective. Al
&C. Oregon wOols-Eastern. S413e; valley. 11i5
Q515e per 10.
Hops-Priees to growers are as follows; 1905
crop. IL Q2i2c; 1907 crop. 446c for all coast
descriptions; contracts. 7d1cc per 10.
The San Francisco call., 1908-09-30
Loans, Exchange and silver
Wheat and Other Grains

Wheat-Pars and Liverpool futures were
lower and Chicago was also of 1c. There was
change whatever in the San Francisco mar
ket.
CASH WHEAT
California club. $1.67@1.70; do milling.
$1.70@1. 12h; California white Australian, 81. 70
50; lower grades Of California. 81, 45q 60;
northern club, $1.t715 6l1.70; northern bluestem
$1.15@1.S0; northern red, S1.65; turkey red
81. 75@i.S0 per cu
FUTURES
The San Francisco call., 1908-09-30
New York BONDS

BAIT o. Ohlo As. 101
Do 3ks .....- 93H
Brooklyn RI C IS "a
Central of Ga 5s. I0S1zl
Do LIST inc. ...- "a
Ches & Ohio 41ss.IOI
Chi & Alton 315s. 71L
c. B * Q new As. 9S5s
c. Z I & Pac IS. 71Al
Do col. 5s. --... 40
Do refdg IS -. SSh
C.c.C & 81 gn As. e6
Colo Indus 5s. -. 74hi
Colo Midland As sc
Colo So Is. "a
Del & Hud cv 4s.i00
Den e. Rio G 4s-- 97H'
Erie prior lien As. 81
Do gen As -. II
Hook Val 4ks. .105h'
Int Met AIS -. 6Sh'
japan As ........ sob
Do 4l5e QOL
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-03-21
A CRISIS IN LABOR LEGISLATION,

Probably the most important crisis
in labor affairs in this country has
arisen in Washington in connection
with legislation desired by The aGi;iat-
ed unions whose representatives are
now in conference at the capital. A
number of questions are up, chef
among which are the employers ljabil-
ity bill as modified to meet the recent
decision of the supreme court: the leg
islation desired by the unions 10 re-
lieve them from the decision that boy
colts are Illegal; and the effort to Sc
cure a modification of the Jaw which
would prevent the issuance of injunc-
tons in labor disputes except after
hearing.
All three of these subjects are of
vast Importance to the labo- Uni ons.
and Sthey are making a desperate eff
fort to secure action on them before
the adjournment of congress. .rhe
president is on record as fagoring the
employers liability BILL but he is I'M
derstood to oppose any action which
would look like legal sanction of the
boycott, nor is he willing to restrict
the power of injunction now possessed
by the federal courts.
Whatever is done, the action cf con-
gress, either negative or positive, is
sure to be a potent factor IN the ma
tiOnal campaign. In recent years the
laboring men have gone to the polls
with childlike confidence in the benev-
olence of the Republican party, only
to find when congress mst that the
Republicans had mighty little use for
them after the polls closed. The speak
er of the house and every important
committee in either house has sys-
tematically prevented the most i'm
portant legislation asked for. N at
least one committee hearing MIR. Lit
tlefeld of Maine was deliberately in
sulting to Mr. GOmpers % the Amer
lean Federation and the delegation
accompanying him when they at
tempted to procure a COMMITTEES rryolt
on a pending bill.
Now that the Republican elephant
has stepped on the full dinner pail"
and made that delicate subject for
campaign reference, it is barely posi-
bic the labor interests will hesitate
quite while before they stampede to
the polls for the party that has made
them promises only to breaK them
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-03-21

to high-priced trust officials junpe1
from S1.770. 900 to "a. 500, 600
1t is estimated that of SOL 100000 in
securities issued by the trust at least
S35, 900, 900 is water In other words,
the trust capitalized its tariff favor at
just this amount. and now defies con-
gress TO touch it.
Whether the stand-patters in con
gress take any action or not, tkey
have their choice of dilemmas: they
can place themselves on record as pre-
ferring the interests of an illegal conf
bination to the welfare of the reading
public. or they can reduce the tariff
and admit that in this instance at
least, the tariff has been responsible
for as cold game of robbery as ever
masqueraded in the name of Amer
lean industry
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-03-21
THE SALT LAKE HERALD
Published Every Day in the Year.
BY THE HERALD COMPANY
Terms of Subscription.


DAILY AND sUNDAY-One month. s.
cents; three months, 81. so; one year. $lO.00.
SUNDAY-One year, 5000
SEMI WEEKLY-Qn advance). one
year, $50; six months. Is cents;
Subscribers wishing address of paper
changed must give former as well as
All papers are continued until explicit
order is received TO discontinue All ar
rearages must be paid in every case
The Herald can be obtained at the fol-
lowing places:
New Yerk-Astor House; waldorf-As-
loria; Imperial. Broadway Theatre News
Philadelphia-Penn News Co.
Boston-Young's News Stand.
Chicago-Auditorium, Great Northern
Pslmer House. Joseph Heron.
St Louis-George L. Alderman. Z. I.
Jett News Co. Southern Hotel.
Kansas City-Coates House.
Characterization Bros. Union Depot
Megeath Stationery Co. Mclaughlin *
Characterization Bros. Union Depot;
Brown Palace Hotel Kendrick Book <
News Co., H. P. Hanson, S. Rice.
%. Angeles--B. F. Amos News WSg-
one. Lankershim Hotel Hayward Hotel
Pasadena-B. 2. Amos.
Long Beach-B. E. Amos.
San Diego-B f. Amos.
Sacramento-B. e. Amos, Sacramento
OalSland-B. r. Amos
San Francisco-R f Amos. Fairmont
Hotel, st. Francis Hotel United News
Co. n. Wheatley News Co. World News
Co.
spokane-J. w Graham, Wide World
News Co.
Tacoma-B. z. Amos.
Portland-Oregon News Co, Portland
Hotel.
Seattle-B. F. Amos. A. Isserlis.
Butte-P. News Stand John G.
Evans
The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1908-03-21
DIAPER TRUST AND TARIFF.

Discussion of the operations of the
paper trust has served one admira Dle
purpose in showing the absolute de
pendence of this combination on the
tariff. as a means of establishing and
preserving its monopoly. When the
newspaper publishers of the country
asked congress TO remove the tariff
on paper and the raw material used in
its manufacture, Chairman Payne Of
the ways and means committee de-
cIared the tariff had had nothing II do
with the formation of the trust, and
that no representative of the newspa-
pers had protested against the increase
of the tariff on paper when that was
under consideration by the commit
tee.
Replying to this, Congressman Gil
bert Hitchcock of Omaha, himself a
publisher, made a speech in the house
which completely silenced the advo-
Gates of the trust Citing the schedula
of paper prices furnished the commit
tee by the director of the census, Mr..
Hitchcock showed their absolute falsi-
~. Then he proceeded to quote from
the records of the committee at the
time it had an increase in the duty up
for discussion. Those records show
that John Norris. then publisher Of
the New York World, now manager
of the Times appeared before the men
who now defend the trust and said
Il do not appear before the commit
tee to present any request, either Tor
the newspaper or for the publishers
generally, but l felt that it was due to
this committee that some one should
come here to advise it formally Of the
fact that the news paper manufacture
ers of the United States have perfect
ed their arrangements for a combina-
ton by which every newspaper shall
be at the mercy of a central selling
agency and by which the price of news
paper shall be raised. and by which
these gentlemen shall derive an addi-
tional profit of from $4,000, 900 to S.
OOO. coo out of their investment, AMI
thereby tax knowledge and diminish
the educational possibilities of the
newspaper press"
So il seems Mr. Payne was i'm error
when he said no one appeared to ad-
wise the committee on this subject
Just six months after Mr.. Norris made
his statement the pape- trus5 was an
accomplished fact, and today the
newspaper publishers of the country
are paying the millions of additional
profits which are the direct result Of
the tariff Ostensibly the duty was
raised to enable the paper makers t.
exist: as matter of fact it enabled
them to float millions Of watered Sc
curities. 10 buy, out competitors. sup
press such as would not sell. to re-
duce production and otherwise follow
the common practice of all trusts once
firmly established in a monopoly. Ii
has been urged that the duty on pa
per is for protection TO labor: the truth
is the paper mills have fought every
effort to advance wages. In 1890 The
wages paid in the business amounted
to is per cent of the value of the pro-
ducts: in 1900 the wages amounted 70
only 10 per cent, but the salaries paid