davidaulloa/AmericanStories huggingface dataset:
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24
WALL STREET
COAL ROAD STOCKS KEEP
DOWN PRICES.
Central Drops 8 Points-D. and H., B
and o, Reading, o. P. and Others
Decline.

NEW YORK. Jan. 24.-The stock market
WIS easier in tone at the outset on a re-
sumption Of yesterdays late selling, but
the losses were mostly limited to small
fractions. American Smelling advanced
4. which it soon surrendered, and both
Louisville and Nashville and Southern
Pacific lost y.
II a. ma further dip in prices was fol
lowed by a good rally, in which American
Smelling was lifted a point, but the list
again weakened materially in sympathy
with the severe decline in the high priced
coal road stocks. United States Express
fell %, Central Railroad OF New jersey
s19, Delaware and Hudson ~. Consolidated
Gas ., Baltimore and Ohio III, American
Locomotive Ia, and Reading, New York
Central, Great Northern preferred, Union
Pacific, Rock Island preferred, st. Louis
and San Francisco second preferred. Amer
lean Sugar and International Pump |. The
market was quiet and a triie above the
low point at II o'clock.
Noon-The dulness of the deman OF
lowed prices to slip back, losses reaching
a point In Atchison, Chesapeake and Ohio.
Erie. American Car preferred and Corn
Products preferred, IA In Erie first pre-
ferred and American Wooden preferred.
ia In Westinghouse Electric and z IN
Westinghouse Electric nrSt preferred
United Railways and Investment preferred
rose , and Utah Copper 1. Bonds were ir-
l p. m.-Price movements were without
significance. The elimination of the fore
noon declines left the market without any
effective lead and different stocks shifted
about aimlessly on n narrow range. the
tone in general was firmer, and a rise
OF a point in Northern Pacific and a rally
of 5 in Delaware and Hudson had a
beneficial effect on the general list. st.
Paul preferred and General Electric rose
/. Chicago, st. Paul. Minneapolis II
Omaha, Hooking Valley Trust receipts,
American Tobacco preferred, Sloss Shelf
Steel aud United Railway and Invest
mont yielded j to IA.
: p. m.-Prices %fluctuated uncertainty, the
rally from the low point not being wei
held. U. S. Pipe preferred rose :.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24
CAMDEN JUDGE SCORES
LAWYERS FOR SILENCE.
Upholds Jurors and Says Members Of
Bar Should Report Crook


CAMDEN. Jan. 24.-After refusing mp
plications for new trials in the cases Of
Peters against the Camden and Philadel-
phiF Ferry Company, and Donohue against
the Public Service Railway Company. both
suits to recover damages for alleged in
Juries received, Circuit Court Judge En-
dicott yesterday said:
I'm making these applications 1t was
asserted that influences were at work
In this county which were defeating
the proper administration of justice. ]
want 10 say that II Judge Wescott. or
any member OF the bar, or any per-
son knows Of the existence of my
such influence. 1t is their duty to pre-
sent the facts to the court or the
Grand jury, so that proper attention
may be given TO these charges"
A jury In the Peters case rendered a
verdict for $3.50, while a jury in the Dono-
hue case awarded 500. Judge Endicott not
only ref iscd new trials in both cases, but
set aside the verdict in the case against
the trolley company. He said he thought
The jury should have rendered a verdict
for the defendant corporation.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24
JAMAICA IMPORTS.
Extensive Purchases of Foreign Food
stuffs and Materials.

Consul F. Van Dyne. OF Kingston, finds
that for the six mouths ending September
80, 1907, the increase of imports into
Jamaica has been even more marked than
for the fiscal year ending March 81, 1907.
He, writes concerning the foreign trade as
follows:
Figures obtained from the collector-gen-
eral of the colony show large increases In
the in,portations OF the f~oodstuffs men
toned below, the larger portion of which
come from the United States.
or wheat flour, 1922 more barrels were
imported than during the corresponding
half year of 1906. the total imports being
l25,90e barrels. OF corn, 1856 bushels
same period in 1896. The increase in inn
ports of meal was % .4S2 barrels, the total
imports being 35,0S2 barrels. OF butter and
substitutes, 9S,342 pounds more were i'm
ported than in the 1906 half year, the ag-
gregate of such imports being 51S, 439 pounds.
" cheese the inclhase was 29,23 pounds
Bread and biscuits recorded an increase OF
!2,732 pounds over the 1906 imports, the
total sales being 2,427, 142 pounds. The in
crease in imports OF drinks was also
marked, 145.2y1 gallons of ale, beer ant
porter being imported in 1901, while only
1863 gallons cam in the 1906 period. and
of whiskey S,T2 gallons more were i'm
ported than in 1850.
While the rebuilding of Kingston has
only Just begun, there was a large increase
in the importations of lumber aud cement,
100000 feet more Of umber coming in dur
Ing six months period of 1907 than during
the same period in 1e06, the total imports
for the 1901 period being S,S06, 245 feet. The
imports of cement Increased from $500 bar
rels In 1905 to 90, LIST in 1897.
The severe drought which visited ia
maica during the latter part OF 1906 and the
first part of the present year caused Il no
ticeable decrease in the exports OF some OF
the principal staple products OF the island.
There were 11,427, 467 punches of bananas eX-
ported during the eight months ending No
vember 80, 1907, against Il, 434, $50 for the cor
period IS, 6C5 hundredweight OF pimento werF
exported, against Sc. 100 for the 1906 period.
or cocoa, the exports were S,S2i hundred
weight less: of rum. 1859 gallons less, dnd
Of ginger. t.SC9 hundredweight less.
The exports of sugar, cocoanuts. oranges
coffee. and dyewoods. however, show in
~creases as follows: Sugar, 12l tons; cocoa,
nuts, 4,433, 101; ranges, 13.102, 473; coffee
1851 hun~dredweight: dyewoods, 80 tons.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24
BANK CLEARINGS SHOW
MONEY TO BE EASIER.
Western Cities Show Decrease in Elk
changes Over 1907 for 1905
increase.

NEW YORK. Jan. 24.-Dun's Review TO
morrow will say:
Bank clearinss reflect the easing in
money conditions heretofore noted. and
while the volume of settlements through
the banks is still less than at the COR
responding date in both preceding
years the loss is not so heavy as In
preceding months. while in the West
there Is an increase at most points.
Total bank exchanges his week at
all leading cities in the United States
are S2,47S, 424. 745. a decrease of a.6 per
cent, compared with a year g and
23.0 per cent. compared with the corre-
spending week Of 1905.
city. though Boston, Philadelphia: Pitts
burg and San Francisco contribute a
considerable amount to it. There Is Il
trifing loss at Chicago compared with A
year ago, but compared with thec CORE
spending week of 1906, when trade was
very active, Chicago reports a consid-
cradle increase: likewise Minneapolis,
Kansas City and Cleveland"
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24
EXPENSES
MUST BE
I. CUT
Government Deficit Of
SlDO. 10000 Threatened.
eHj -,
/. Tawney's Views.

WASHINGTON, Jan. 2t-Representative
Tnwney. Of Minnesota. chairman Of the
committee on appropriations, addressed
the House yesterday, notifying chairmen
'of committees having appropriation bills III
charge that unless they revised their esti-
mates of expenditures for the year 1908
they would Involve the government in a
deficiency Of at least 100000, 900.
He presented n series Of tables of estl-
mated receipts and expenditures. demon
s~trating therefrom n probable deficiency
rauaing from Sl00.0 coo, 600 to $3.50, 900, 900, and
this too, he said. admitted Of no new au-
thar,antions for public works. rivers and
harbors, improvements. public buildings
and the like.
The PROBABLE expenditures for the mill
atarv and naval Establishments, he said,
would amount to one-fourth of the total.
Many questions were put 10 Mr.. Tawney
in his connection. To Representative
Nianu he gaid that always preceding a re-
vision of the tariff there was a falling off
in customs receipts, so that IL the Demo-
Gratis came into power in 1909 they would
pfdlabiT face an empty treasury.
tgpo you guarantee a revision OF the
tariff IN case the Republican party remains
in rower?' asked II Georgia Democrat.
NO" answered Mr.. Tawney. nor do l
gifaran:ee a revision II the Democratic
parry should come into power. either.
He said that since the financial depres-
2 sion of last fall set In there had been such
a falling off nj receipts that last years
surplus Of $aS,Op.co0 had been changed to
o deficiency OF s13. 100000. A study of
.Lestal receipts preceding and following the
narics Of 1873 ard 1898, Mr.. Tawney said,
had satisfied him that no increase OF postal
reScnue could be booked for next year. In
aasvef to questions. NJ. Tawney said
thai the Treasury Department had in
FORMED the committee that there had been
a fsllinE off in the customs revenues of
Sif.ocQ.oO during the past two months
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24
RAIL MILL AT LORAIN, O.
e~arnegie's Plan Adopted by U. S. Steel
Trust.

PITTSBURG. Jan. A.-The United States
steel Trust Is preparing plans to erect a
steel rail min at Lorain. O.. This will
probably be utilized to make ~open-hearth
steel rails. as there is no Bessemer con-
vertcr at Lorain of sufficient capacity to
supply a rail mill, and no plans have
been made for a Bessemer converter.
Andrew Carnegie pointed out the strategic
position Of the lake towns before he sold
his holdings to the steel trust, He
whipped the Pressed Steel Car Company
and Tom Johnson, OF Cleveland, who orig
Inally owned the Lorain plant, by giving
out that he would build a plant at Con-
nsaut. and bought land for that purpose
TO erect a steel mill TO compete with the
Lorain plant.
The excellent shipping facilities OF the
town have at last SO impressed the direc-
tors of the steel trust that they have de-
cided to erect an additional mill there. The
town has five railroads passing through It,
aud a sixth road Is being promoted.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24
These prices viii remain in force all day
NEW JERSEY CORPORATIONS.

TRENTON. Jan. 24.-Certincates OF
Incorporation were yesterday granted
to the following companies:
Rowe Motor Company, Camden: capital,
10000 incorporators, job A. higgins. NJ
Leon Berry and John NJ. Tobin; TO manu-
facture and deal in automobiles.
The Utility Realty Company. Plainneld.
capital. $4,000; incorporators. William
NeWcorn. Horace G., Adams and Hezekiah
HRUd; to deal in real estate.
Vreeland Realty Company, Jersey City.
capital. $4,000: incorporators, S. ". II.
Vreeland, Norris w. Nreeland and John w
Bunton; to deal ir real estate.
Ludlow g. Squier, Newark; capital,
500. 000: ineorporatGrs, Matthias Ludlow,
Henry S. Squier and G. Rowland Munroe;
to deal in hardware.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24
COAL OPERATORS REFUSE
TO LOWER PRICES.
Threaten to Close Mines Instead-Re-
duction Would Mean Bankruptcy,
They Say.

PITTSBURG, Jan. 24.-Eastern coal deal
ers and consumers have made a request
Of the Pittsburg coal operators that the
price of coal be reduced Immediately on
account Of the reduced demand.
The Pittsburg coal operators met yester-
day and decided that rather than reduce
prices the mine should be closed down
John H. Jones, acting as spokesman for
the coal operators, said that If they were
TO reduce prices they would soon be bank
rupt, and that they would rather keep
their coal in the ground.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24
CAPITALIST GRIP VICTIM.
Leopold wallack Was Director in Man.
Companies.

NEW YORK, Jan. A.-Leopold Wallack,
a lawyer n capitalist. member of the
law firm of waIack & Cook, died at his
home in East Eightieth street today Of
an illness resulting from an attack of the
grip. 9
MIR. Wallack was a director of the Coal
and Iron National Bank OF New York. of
the Peoples Bank of Brooklyn, Mount Yer
non Trust Company, Cuba Eastern Rail-
road Company and several Cuban develop
n emf companies.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24
81, 100000 IN CLEARING
HOUSE CERTIFICATES DAY
Entire Outstanding Paper Expected to
Be Wiped Out by End of
the Week.

NEW YORK. Jan. 24.-When business
closed yesterday all but s11. 100000 of the
sg7. 200, 900 in clearing house certificates is
sued by the Clearing House Association
during the recent financial furry had been
retired.
Since Monday $7.s0O,00O of the certificates
have been taken up, nearly $1,000, 900 a day.
1t is believed that practically the whole of
the amount outstanding will be wiped out
by the end of the week, and that early
next week the clearing house will again be
on a strictly cash basis.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24
NEWS AND NOTES
FOR INVESTORS

A New York Stock Exchange member
ship is reported to have been sold fol
$4,000.
United states Steel Corporation has cuI
the price of steel rails 81 a ton.
The entire issue of the So, 100000 Of in
come bonds issued by New York city has
been taken by a syndicate of bankers or
ganized by ]. F. Morgan & Co.
1t is stated that plans for the merger of
the National Bank of Mexico and the
Bank OF London and Mexico have almost
been consumnlated. If merged it will be
the strongest institution on the continent,
1t is claimed. 1t is stated that Canadian
interests who are closely identified with
the Bank of Montreal are in the deal.
It is announced that the Missouri Pacific
Railroad Company will issue 100000 col
lateral trust convertible 8 per cent. two
year notes III order to provide funds to
meet the retiring $6,00o.0 600 5 per cent.
notes maturing February 10.
1t is learned that the Trust Company
of America. of New York, had to pay
40 per cent. on all loans it made from
allied trust companies during the runs on
the banks in New York.
ITH1I1nlpn U u lue bdItlLlUIe dilu III
Railroad want the eight-hour law re-
pealed.
Post & Flagg say: "As has been the case
for the past few days, less attention was
given to the decided improvement in the
financial situation and the easier money
rates. while more consideration has beer
devoted to the present depression in bust
ness and consequent poor earnings of rail-
road and Industrial corporations. This
state of affairs is likely to continue for a
while, though the market seems to have
reached somewhat Of an equilibrium and to
be settling down to merely trading condi-
tons"
At the annual meeting of the Utah Cop
per Company held today the proposition to
amend the certificate Of Incorporation OF
the company increasing the capital stock
from $780, 600 to $7,500,O0O common stock,
and to authorize the issue of 1880, 900 con-
vertible bonds to be secured by a second
mortgage on all the ~company's properties
was adopted.
A statements made that the resignation
of President Colt, of the United States
Rubber Company. has never been consid-
cred at the company's offices. This years
schedule of prices is practically the same
as last year.
There has been a general understanding
on the New York stock exchange floor
that as soon as the money market allowed
the corporations that have pressing re-
quirements for funds would come into the
market with offers of new securities. 1t
was stated in circles this morning that the
Illinois Central was the first to take such
a step.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24
NEW CORPORATIONS.

In the County Clerks office today
articles of Incorporation were filed for
the Stewart Engineering Company.
capital, $4,000; ~incorporators, Shellman
7. Stewart. Willard Drinsley and Ar
thur NJ. Woodford. The concern will
do business at 80 Lawrence street.
Articles were also filed for the Lud-
low & Squier Company; capital. $780,
00o, with $4,000 paid in, to carry on
hardware business at o. and 90 Market
street. The i-ncorporators are Matthias
Ludlow. Henry S. Squier and C. Row
land Munroe.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24
rHE COTTON MARKET.

NEW YORK, Jan. 24.-The cotton mar
ket opened steady. but irregular, at a de-
cline of 6 points to an advance of 5 points,
and during the first few minutes showed a
net gain of G and s points on the active
months, as a result of relatively steady
cables. covering and Wall Street buying.
General business was restricted by a poor
wire service. and subsequent fluctuations
were irregular, with the market ruling
about l TO 3 points net higher during the
middle OF the morning.
The market was quiet late In the fore
noon. but ruled about steady at a net adj
vance of 7ds points on the active months
at midday.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24
1850 CARS WANTED
BY THE NEW ENGLAND.
President and Director Exchange Posi-
tions-Lathrop New Presi-

BETHLEHEM, Pa. Jan. A.-The va
cancy caused in the Lehigh and New
England board by the retirement of w A.
Lathrop to assume the presidency Will
likely be- filled by the election of his
predecessor in the presidency. William j.
Turner, at next weeks board meeting.
The board is also likely to give consider
alton and take some action on ACQUIRING
new eouipment, bids having been invited
for 1000 box cars and $50 coal cars.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24
ELIZABETH BUILDING
AND LOAN INCORPORATED.
Merchants Files Certificate and Begins
Business with 100 Shares
Subscribed,
Especial to the Evening Star.

ELIZABETH, Jan. 24.-The Merchants
Building and Loan Association, of Eliza
beth, has filed a certificate of incorpora-
tiou in the office of the county clerk. One
hundred shares nave been subscribed.
The iucorporators are: Frank H.. Smith,
Thomas II. Hall, Martin +. Kenely, Alfred
q. Donovan, Peter Flint, Joseph Epstein,
Robert McCracken. Joseph 2. Green. VIII
lam j. Walsh, John G. Meyerholz, Emanuel
David, John W. Kreig, Frederick Beiswin-
ger, Thomas A. Liddy, Edward +. Pencil,
Louis Fried.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24
LOAN TO HE1NzE BANK AppRovEp.

BUTTE, Mont, Jan. s4.-Distriet Judge
George NJ. Hourquin has approved a loan
OF 10000 by Edward Creighton LarSey to
The State Savings Bank. to enable the M
~stitution to resume business. The State
Savings Bank was +. Augustus Hoipzc,s
nnspcial in9tltutinn IA Montana, II ara-
pended some Eontha nsa.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24
EARNINGS.

Western Maryland. third week In Janu-
airy. $97, 1874. increase S6.2l2. From July l.,
$3,4S7 sos, increase S543. $40.
Chicago and Northwestern. December,
total revenues, 1855, 600; total expenses,
$S27S, 012: net revenue. $l,sl4.s7s: taxes.
s21e, 600: operating income. 81. 120.67S.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24
BUSINESS AND FINANCE.

because of lower cables and liberal receipts
in the Northwest. May, 101%@%.
Corn was weak. partly in sympathy with
wheat, and also because of the cold
weather. May. 60A.
The oats market was quiet and prices
were steady. May. 5SssGA.
Provisions were firm: May pork, 1S.071s;
lard, $50, and ribs, 6.971A
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24
U. S. BUYS SILVER.

WASHINGTON. Jan. 2L-The Treasury
Department today purchased 100000 ounces
of silver for delivery at Philadelphia at
1895 cents per fine ounce.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24
POWDER PLANT BLAZE.

PENNSGROvE. Jan. PA IRE OF un-
known origin started in a guncottou house
OF the Dupont Powder Works at Carney's
Point. and destroyed the drying house
Loss Is &8,O00.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24
NEW vINELAND INDUSTRY.

NINELAND. Jen. 24.-The Board of
Trade has closed a deal for the location
here Of the Franco-America Leather
Manufacturing COMPANY. The concern will
employ several hundred hands.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24
DIVIDEND

keystone Wstchcase Company. of az
per cent. on its stock. payable to stock
holders OF record January %.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24
2 P. N. STOCKS.

Following are the quotations of the days
prices, as furnished through Byrne & NC
Donnell, 776 Broad street:
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24
STEEL PLANT TO RESUME.

WHEELING. w. Va, Jan. e4.-Presi-
dent c. K. Hubbard. OF the Wheeling steel
and Iron Company, ~announced today that
preparations viii be a for the lmme-
date resumption of work in the steel and
tube departments OF the big plant In Ben
wood. The Former will probably start Pee
ruary ,. the latter February .. Nearly
100 idle men viii be employed.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24

1t Is learned that the Trust Company
of America. of New York, had to pay
40 per cent on all loans it made from
allied trust companies during the runs on
the banks in New York.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24

1t is announced that the Missouri Pacific
Railroad Company will issue $6,OO.oO col
lateral trust convertible 8 per cent. two
year notes In order to provide funds to
meet the retiring 100000 5 per cent.
notes maturing February 10.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24
CHICAGO CRAM MARKET.

CHICAGO, Jan, st-whsat opened weak
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24

A New York Stock Exchange member
ship is reported to have been sold for
S., 600.
The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-24

Trainmen of the Baltimore and Ohio
Railroad want the eight-hour law re-
pealed.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1908-08-07
ATTACK 0NGRAIN RATES
Men Protest against
r. r. Changes at Conference.

Representatives of the Trunk Line Association
and the steamship lines of this and other United
States Atlantic ports held long conference yester
day at the offices of the Trunk Line Association
No. 143 Liberty street, at which the question OF
grain of Buffalo was thoroughly as
cussed. The steamship men protested strongly
against the high railroad rate on export gram east
from Buffalo as compared with the rates accepted
by the railroads from the lake ports to Montreal
which they said killing the steamship business
from New York. Philadelphia, Boston ana baiti-
more
They ended with appeal to the railroad men "
adjust the situation by reduction in the
grain rate. No conclusion reached the rali-
road representatives taking the matter under ao-
visement It is not belived, however. that reouc-
ton will be granted, the Trunk Line Assoclatoh
refused a similar appeal made about two months
ago by a special committee of the Produce Tx
change. the ground that important changes
could be made grain without anecuns lile
rates on other commodities.
Railroad say the whole subject is the olo
one of competition between railroads and water
carriers and that it is Impossible for the FORMER
TO compete with the waterway route from Georgian
Bay points to Montreal They say that II they were
to reduce their the result would be that Ihe
water lines would drop their rates even lower IMAM
they are at present The present rate on export
grain east of Buffalo is 81 cents busnei' as
against S15-cent by the water route to Mon
treal