davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1908-10-09
FINANCIAL AFFAIRS
DEPRESSION IN STOCKS.
Partial Rally an Late Trading
European Situation the Chief
Factor-NOrthern Pacific.

The European political complications were the
dominant influence in the local securities mar
ket yesterday. Weakness on the exchanges of
London Paris and Berlin reflected the more
threatening aspect which the situation in the
Balkans is assuming with the differences which
are developing among the great powers and the
announcement of insurrectionary movements
among additional small states in Southeastern
Europe. and the opening here was from y to
point under Wednesdays close. Support was
given by powerful interests but the selling by
foreign houses for account of London and the
Continent was so large-amounting to fully 10000
shares, and bringing the total Of such transac-
tions for the week up to about 100000 shares
that prices yielded the bull pools deeming it the
part of prudence to tighten their loads and the
bears putting out short lines of considerable ex-
tent SO that by noon the market was decidedly
weak, with many issues showing declines run
ming TO 2 points There a partial rally
in the afternoon covering of shorts, and the
market closed above the lowest of the day, al
though rather weak. and at declines for almost
the entire list, which extended TO more than
points for market leaders like Union Pacific and
st. Paul. The great interest excited by the
contest for the baseball pennant was largely
sponsible for the dulness in the afternoon mar
ket, many of the brokers and their customers
deserving the Street for the Polo Grounds.
The interview with James J. Hill published in
the morning papers, in which he deprecated
the probability of extra dividend on Northern
which, however, lost only 1 point on the day.
The declaration by the directors Of only the
regular dividend was to have been expected
from Mr.. Hills statement and had no effect on
the price of Northern Pacific. The United States
Steel and Erie issues, which have been vigor-
Ously bulled Of late. all lost a point more,
and Rock Island preferred declined II points.
An advance in the price of wheat added to
the uneasiness in the stock market, being taken
an indication of the probability of hostities
in Europe: but there was no similar activity in
the provision trade, which would speedily be
affected if preparations for actual warfare were
in contemplation. Consos declined, but rallied
at the close, although French and German gov
ernment securities closed lower, these changes
showing the variance of views prevailing at
European centres regarding the prospect of
clash being averted. The foreign exchange
market was strong, demand rates advancing
the heavy selling of securities by foreign hold
ers.
The weekly statement of the Bank Of England
showed the very large percentage OF 50,9 in
serve, the heaviest for the corresponding week
in many years, with the exception Of 1904. The
gold holdings decreased s5,397,710, comparing
with a loss nearly twice as great in the same
week of last year The Bank Of France re-
ported a gain OF 1890 900 in its gold holdings
with a reduction in loans of s24,400,000. an ex-
cellent showing.
New-York tribune., 1908-10-09
HIGHER PRICE INDEX NUMBER

Bradstreet's says: Prices. FOR one reason Or
another but epeciaIIy because OF TIE effects OF
drouth on dairy products, including butter esss
and milk. and scarcity OF hogs. have displayeo
and are showing remarkable hrulness n t1e IaCs
of dull trade and tagging industry Thus Brao-
streets index number-SS0139-as OF Octooer
1. indicates an advance OF Is per cent over 10
figures recorded on September I. and fer that nat
ter the present index number IS the highest Qlost
since last April when the data stood at $500 He'
1t IS apropOs to note that the London Ecoho-
mist's' index number for the period SEPTEMBER
to October I. indicates that British prices az
vanced 1 per cent, this ratio comparing WIZ
rise OF IS per cent in this country but % -
back TO the specific tendencies OF our own g
we find that the present index number OF $3.50
is 81 per cent higher than the low point OF 10
year. which was reached on June l laSI "le1
the figures were S7.7e2T. This number was nc
lowest recorded. with exception, since ths -
pert of 1902. the exception being IN July 4sON
when the record s76S1S- Moreover, the sur
rent figures are 81 per cent below those OF S.
ber / 1907; they are So per cent undef lAE -
registered on October I. 1905. and they sFs =
per cent under those OF October 1. 1898, out 80
are II per cent above those OF Octooer L - -
and Is per cent over those OF OCTOBER : -
On the other hand. this index OF SS013S Tor OcAoO
! last Is 12 per cent below the record high po.S.
which was attained on March 1, 1901 Wnsa "
figures stood at ss.12sS.
New-York tribune., 1908-10-09
INVESTORS READ
The Vail Street Joumd
TOPICS OF THE STREET.

FOREIGN TRADNG-Forsign houses SID
about 10000 shares OF various stocks IN this
market Including Northern Pacific Canadian Pa
cifc Erie and United States Steel II the four
business days Of this week. since the Development
OF the critical situation in the Balkans. fully TO-
600 shares are estimated TO have been sold here
fo- account Of English and Continental interests.
The general market in London was weak IN all
departments, and Amsrtcsn stocks declined IN
sympathy making Improvement IN the czrb
trading On the Continental boUrsss also tspres-
sion prevailed
DIVIDENDS DEGARED-The following tfyt-
dsnds have been declared: International Steam
Pump Company. regular quarterly II per cent
the preferred stock. payable on November 3; East
man Kodak Company, extra Per cent on COM
mon payable on DeceTnoer Il E-ectrlS Sono ane
Share Company, regular quarterly IA per eens
on preferred. payable November J. Unite6
States Realty and Improvement Company, resn-
lar quarterly I per cent psyable en- NovenoeT L
METAL. CONDITIONS INIPROVCSC+--Accord-
ing to a representative OF the American Sns1cng
and Refining Company, metal conditions cont1nrs
TO show improvement The ore and coA sup
ply IS better and conditions becoming nsred
stronger SIX months ag5 the ATners-
can Smelling and Refining Company had nanl
thousands Of tons OF lead in stock bus eonsurc-
ton, II anything. has been running ahead % pro
duction over the last several months The se1-Sa
ings OF the Smelling Company are large enough
to warrant the statement that present dividends
be maintained
been made 10 the Stock Exchange to list $4,000.
0eO consolidated per cent bonds. due 1913, OF
the Pennsylvania Railroad Company
WESTINGHOUSE OUTLOOK GOOD-ChaIr-
man Marsh. OF the merchandise creditOrS COM
rnittee OF the Westinghouse Electric and Manutsct
ur.1g Company says that there appears to be
every reason for believing that the necessary sub
scriptions will have been received By October q
to make the readjustmenu plan Operatiye. This
outcome OF the efforts OF the Teadtustment and
merchandise creditors committees, he believes VIII
mean that the last barrier VIII be removed nom
the path leading to normal business conditions IN
P1ttsbUrg and It's immediate vicinity
TO DELIVER DOMINICAN BONDS.-Ths
Morton Trust Company announces that Mon
day October Y, it viii be prepared 70 deliver ne
engraved Dominican Republic Per cent customs
administration sinking fund gold coupon bonds N
exchange for the Morton Trust Comparys interim
certificates. The new bonds will be issued IN ds-
nominations Of SO 800, $50 and 1900
PIG LEAD PRICE REDUCED.-Ths American
Smelling and Refining Company has reduced ule
price of pig lead ten points. 70 A50 cents
New-York tribune., 1908-10-09
MONEY AND EXCHANGE.

MONEY MARKET-Money on call opened az az
~ per cent; highest, II per cent; lowest per
cont. last loan, / per cent: closing l per cent
ruling rate IA per cent Time money was not not
active but there appeared a disposition among
lenders to make concessions. Demand however
was not stimulated and there was an entire lnolr-
ference on the part of borrowers as 10 HahlLs
time contracts Rates, 2h per cent Tor sixty
days 2&t a per cent for ninety days. ga @S4e per
cent for over the year. and Y 83& per cent Tor
six months. -, -, -,-. 80 -aolI,,
high class names continued scant. Demand was
only for the kind not offered. Rates. per cent
for sixty to ninety day bills receivable 4q n
per cent for four to six months choice single
names Az 651k per cent for others
FOREIGN FXCHANGE-The foreign exchange
market opened firm in tone with rates unchanged
AT 4Ss65@ $3.50 for cables. 4S6S5 q i.S64O for
demand sterling and ASS for sixty day bills.
Short francs were quoted 516A q 616A Plus
1-32 and short reichsmarks at 80 IS less 1-S2
Sterling rates sharply on the renewed
unea siness concerning the foreign situation and
heavy sales of stocks In our London account. In
tbe afternoon sterling had advanced Is to 20
points from the opening TO 48676Q466S6 for
cables 4S65OQ4S660 for demand sterling and
4S594S5IO for sixty day bills. Short francs
were around 5I6A plus 1872 and short reichs-
marks 95 $s less 1872.
New-York tribune., 1908-10-09
FOREIGN BANK RETURNS.

London. Oct. S.-The weekly return of the sam
of England shows the following changes- Iol- Iol-a
ft2I 900: bullion decreased ELO1S,OOOs othet
curties decreased s2OS 900: other deposits icr -
s4 OSI 900; public deposits decreased ES.Ioo..s.
soverun,ent securities increased SssS. Goo Ins
proportion OF the banks reserve to lAoiLliss
now so 90 per cent. against $500 per cent ast We
and compares with decline from ass per esH. es
4s5S per cent The rate OF discount Is unchAhs'@
at Pa per cent
Paris. Oct S.-The weekly return cf tas s.
OF France shows an increase IN gold on aAna "a y
1850. 900 francs and q decrease In silver on -
OF $4,000 francs.
New-York tribune., 1908-10-09
CHINA GETS 95,Oo0,UOO LOAN.
VIII Acquire Peking- -Hankow Railroad in
January-To Nationalize Telegraphs.

Peking. Oct. s-The Hong Kong Shanghai Bank
and the Banque de rIndo-Chine have signed the
loan Of 100000 for the redemption of the bonds
the Peking- -Hankov Railroad The loan is for
thirty years It bears per cent interest for the
first fifteen years and ~ per cent after that.
These terms evidence remarkable improvement
in China's credit
China reserves % per cent Of the loan for pro
ductive works Of public utility" a part Of this
is intended 10 be used for the natonaliza-
ton OF The telegraphs while the government is also
discussing steamship subsidies China will take
over the Peking- -Hankow Railway next January.
New-York tribune., 1908-10-09
OUTSIDE SECURITIES.

After a show Of steadiness IN the early specua-
tfon the market for outside securities developed
downward tendency. in sympathy with the weak
ness in the stock market. Speculation. as a ruio
was light and as far as activity concerned was
confined about half dozen mining shares IN
side buying in a few Of the mining shares sus-
taIne6 prices and in some instances improved them
fractionaIly Boston Consolidated Copper was
feature and on increased activity rose y. out laler
lost the advance Standard OIL was on points
AIis- Chalmers 6s I'D small fraction
New-York tribune., 1908-10-09
AMERICAN SECURITIES ABROAD.
London, oct 8, p. m.-The market for American
ecurites was generally lower. Final prices follow

FOREIGN MONEY MARKET.-Can money in
London, y per cent; open market discount rate for
short bills. 7-16G1h per cent long bills 1Y per
cent Berlin discount rate. 2A per cent. Paris
discount rate. lb-le per cent Paris exchange on
London, rs francs II centimss. Berlin EXCHANGE
on London 20 marks SsA pfennigs. Bar gold, us
10Id
FOREIGN SECURITIES.-Brtish consols for
money, 81 1916 per cent; for the account s47L
French rentes, s5 francs az centimes
New-York tribune., 1908-10-09

DOMESTIC EXCHANGE.-Boston. 1916 2-Sc
discount; Chicago 20c discount; San Francisco
sight 71kc premium, telegraph 1oc premium; New
Orleans, commercial 75cd$1 discount bank 81 pre-
mium Charleston. buying par, selling 1-1oc pre-
MUM: St. Louis soc discount bid, 20c discount
asked.
BANK CLEARINGS-New York, exchanges
S25 9SS 100 balances 49S 0S5 Chicago, exchanges
s3s SIS 694 balances s2.S46 22S; Boston exchanges
S2S SO7 COS. balances 81 29,560; Philadelphia. ex-
changes S1s. .29S,5 ,579 balances $10S6. .157.
SILVER MARKET.-Bar silver. blEsc. Mexican
silver dollars 45c Bar silver In London closed at
2S 1S-1sd; Decline sd
GOLD PREMTUM-In Madrid. ll.35; Lisbon,
1880.
MEXICAN ExCHANGE-Mexican exchange on
New York Is quoted at 201%
GOVERNMENT RECEIPTS.-Customs receipts
reported from Washington $9O5.S24; internal reve-
nue. receipts $9l3,95 miscellaneous receipts, S52,-
COG Receipts for the day. Sl.s723S5; expenditures
81 $40, 600 Receipts for the month TO date $l2,-
sol 227 expenditures. $1S960 oO0 excess OF expendi
lures S105S.773. Receipts for the fiscal year 10
date $l5S6s5.lS9; expenditures, $ls316.4S; excess
OF expenditures, S34, $40.
SUB-TREASURY.-The Sub-Treasury debt
the Clearing House S1.o30611.
New-York tribune., 1908-10-09
MANHATTAN RAILWAY COMPANY.

No 1e5 Broadway. New York October 9Th, 1905.
meeting Of the shareho olders Of the Man
haitian Railway Company VIII be held at the Com
pany's Office No 1875 Broadway. Manhattan Borough,
New York City. Wednesday, November 11th, 1905
II O'Clock
4 Board Of Directors for the ensuing year is 10 be
elected and three Inspectors of Election
The transfer books VIII be closed Saturday,
10th. l. o'clock and will be reopened
Thursday, November 18th 10 o'clock A. N.
GEORGE J. GOULD. President
d II. MWILJIAMS. Secretary
New-York tribune., 1908-10-09
Financial Meetings.
AMERIcAN IocoMorIvE ooMPANY.

so church Street. New York
September 25th. 1905
Notice Is hereby given that the annual meeting OF
the Stockholders Of AMERICAN LOCOMOTIVE CON-
PANY viii be held AT the Office of the company at 30
Church street. New York City Tuesday the goth
dav OF October 1905, o'clock. for the
purpose elecng Directors for the Of three
transaction OF such other business
may before the meeting
polls win remain open from twelve O'clock noor
until one O'Clock in the afternoon OF said day.
s. T. CALI4AWAY, Secretary.
New-York tribune., 1908-10-09
Diridend Notices.

United States Realty & Improvement Co.
III Broadway, New York, October Sth 1908.
A. meeting OF the Board Of Directors Of the United
States Realty e. Improvement Company held this day
a dividend Of one Per Cent. declared payable
November 2nd 1908 stockholders Of record the
close Of business October 2oth. 1905
2. NJ FELLOWS. Treasurer.
New-York tribune., 1908-10-09
INACTIVE STOCKS.

The following the last actual sales and the
closing quotations for stocks In which there were
no transactions yesterday the New York Stock
Exchange:
New-York tribune., 1908-10-09
GOVERNMENT BONDS.

The following shows yesterdays closing quota
tions for government bonds, compared with
Wednesdays:
New-York tribune., 1908-10-09

Maturing lpVS'22
FURNISHED by Swartwout & Appenzellar No A Pine
New-York tribune., 1908-10-09

@ sam. period
New-York tribune., 1908-10-09

PHILADELPHIA STOCKS
Furnished by Charles D. Barrey Co. 20. . Broad
street. New York and 70. I22 South 4th street
New-York tribune., 1908-10-09
COBALT PRICES IN TORONTO

FURNISHED and corrected daily by Stewart, Lockwood
IS Exchange Place)
New-York tribune., 1908-10-09

Rate Int Pay MaturityI Bid Offer. Yield
New-York tribune., 1908-10-09
CONSOLIDATED EXCHANGE SALES

.odd lots. +sells cents per share.
New-York tribune., 1908-10-09
BOSTON sTocks.

C-urnIsned BY p Z Day 4 Co.. Nc 81 Wan Et-ss-
Oct. 7. Oct. oSs + %
New-York tribune., 1908-10-09
COLLATERAL TRUST NOTES.

interchangeable. tCoupon. tRegisters6.
Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1908-10-24
$SO.3St,Oi3.01
OFFICERS.

GEORGE N. REYNOLDS, President.
ALEX. ROBERTSON. Vice President.
WM. q. SCHROEDER. Cashier.
HERMAN WALDECK, Asst. Cashier.
=. II. EI.MORE, Asst. Cashier.
WILDER 1IATTERY, Asst. Cashier.
!, II, wASIfDJ'RE. Asst. Cashier
Bisbee daily review., 1908-08-15

available capital for investment in
Mexican mines is mostly in the United
States and England and the already
very large investments from these
countries have been made as much for
the reason that the laws are favorable
and the spirit of the government
friendly as because of the great nat
ural riches of the country. Let the
conditions change in respect to tie
governments attitude towards foreign
interests and this capital, and its as
ISOLATED energy, will go largely TO
Africa, South America, Canada or the
Orient, all of which offer attractive
inducements for investments. With
Mexican capital alone to draw from
the progress Of the mining industry OF
Mexico must be halted Whatever
might be the immediate or ultimate ef-
! feet of the enactment of the anti.
| foreign clause on the mining industry
of Mexico, the present effect would De
to create a suspicion as to the con-
| tinuance Of the friendly attitude of
| the government towards foreigners
and foreign investments. Any lack OF
( confidence in the government policy at
| this time would be particularly IN
| fortunate, for Mexico is now, with the
rest Of the world, recovering from the
financial disturbances of last fall and
the country particularly needs to have
the very best standing in financial
circles abroad because of the immedi
ate and imperative need Of vas
amounts of capital to absorb the ma
tional railroad securities and to pro
vide for the development of the min
ing, irrigation, agricultural and man
ufacturing enterprises protected.
There is good reason to belieyi
that the Objectionable clauses of tn
proposed law will either be eliminated
or modified when the subject come
to the special consideration Of Pres
dent Diaz and it is reported that tn
new law viii probably not be sent 4
congress
Bisbee daily review., 1908-08-15
THE ORE STRIKE
At JUNCTION MINE
HOvaI A, Smith Says ii Means
Much for the DEM
Arizona.

Hoval A. Smith, OF the firm of How
land and Smith Of Bisbee, heavily in
terested in mines in Arizona and New
Mexico, returned to Tucson yesterday
from Bisbee for a business visit, says
the star.
After spending the day here he re
turned to the big copper camp in Co
chise county.
Speaking of Bisbee mining condi
tons to q Star representative, Mr.
Smith said that Bisbee mines were all
running full handed and with grad.
ual increase in the price OF copper and
the corresponding increase in the
price of copper shares. the Bisbee dis
trict was fast resumIng norman condi
tions.
Mr.. Smith gave it as his opinion that
work would shortly be commenced OF
the Shattuck smelter at Douglas. II
is understood that the plans have
been accepted and work will begiI
shortly. The Shattuck has many toni
of high grade ore blocked out in thu
mine ready for the smelter as soon al
| it is completed.
Mr.. Smith stated the important min
| ing news Of the Warren district wa
the strike of ore on the thirteenth lev
Ell of the Junction mine of the Superic
and Pittsburg company. The ore wa
encountered at a point under the bus
ness setcion OF Lowell and in the d
rection of the DEM mine and is a fan
orable indication of what the Den
may expect with greater depth.
Mr.. Smith stated that the cc-T
try around Bssbee had been blesse
with bountiful rains and the entir
country was as green as meadow.
Continuing he SAID: 4 never SAY
! things after slump, look more prom
| Using than they do now. | have bee
watching the business conditions fo
the past two months ana there is eY
| cry indication of return OF prosper
Gus times. The opening of Canane
was avery tangible boost for thi
country. and with copper going nj
surely. even if gradually. as It ii
| there is no doubt but that mining az
| tivity on an extensive scale will 500
be apparent
Down at home in Bisbee the mel
| chants ara already beginning to fee
the effects Of the upward tendenc
and business there is more lively tina
/ It has been at any time during tn
| past year. The slump never did con
| pletely cripple. Arizona and ! thin
! what III effects II did produce are no
about over
Bisbee daily review., 1908-08-15
MininQ. SIncItgrS and StOCR Quotations
THE c.. e a. SHOPS
AT THE JUNCTION

~. J. McCabe.
One s2-inch lathe with an 1S-foot
bed by the American Tool Work com
pany, Cincinnati, Ohio.
One 20-inch lathe with a 12-foot
bed made by the Hendey Machine
company, Torrington, Connecticut.
One IS-inch lathe with 10-foot bed
made by the American Tool Works
company.
One large pipe cutting machine.
takign pipe from 81 inches TO IL in
ches, made by the Keller Manufactur-
ing company.
One small pipe cutting machine,
taking pipe up TO 3 ~ inches, made
by the Sarecki Manufacturing compa-
ny. Erie. Pennsylvania.
One 4-foot radical drill press, made
by the Dresses Machine Tool company,
Cincinnati. Ohio.
One 26-ineh upright drill press, made
by the W. F. & John Barnes compa-
ny. Rockford, Illinois.
One 42-inch open sided pianef, made
by the Derrick & Harvey Machine
company, Baltimore, Meriland.
One 26-inch heavy shaper, made by
the Siockbridge Machine company,
Worcester, Massachusetts,.
One No. 3 universal milling ma
chine, made by the Cincinnati Milling
Machine company.
One universal grinder. made by the
Cincinnati Milling Machine company.
One Yankee drill grinde., made b.
the Wilmarth G. Norman company,
Grand Rapids, Michigan.
In addition to the above machines
, there are in the shop an emery wheel
and emery water grinder and seyen
vices, five of which are PTenuss'
vices, with swivel jaw and base.
Blacksmith shop.
The blacksmith shop is equipped
vita six FORCES.
Que 1.10O-pound steam hammer,
! made by Bennett Miles & company.
One No. l 250-nound steam hammer,
and a crane of 5000 pounds capacity
serving one forge and the large
steam hammer.
Boiler Shop.
The boiler shop machinery is driven
by a 10-horse power notc- The shop
is equipped with one set Of 6-foot rolls,
| made by HiIles & Jones company, VIII
mington, Delaware.
One No. ? double punch and shears,
made by the Hilies < Jones company
One fue welding machine made BY
Henry " Hartz, Cleveland, Ohio, win
| its furnace.
One fue rattler is feet by so inches,
which is used for taking the scale on
old boiler tubes, made in the com
pany's shops.
One 20-foot 2-ton crane, one forge
and one 6-inch Prentiss vice.
Tin Shop.
The tin shop where all the ventilat,
ing air pipe is madc, together with
| the other tin work for the mines and
on the surface, is equipped with hand
power machinery, which includes one
set of rolls, square shears and break
er. bench hand tools for crimpine
double scanning, etc, and a gasoline
burner.
Bisbee daily review., 1908-08-15
LOGAN AND sRyAN.

Especial Wire TO 4. J. Overlock.l
NEW YORK. Aug. 1.-THE list was
extremely weak and heavy liquidation
was il progress, resulting In general
declines, VITA an absence Of the sup
porf which has previously been tender
ed the list during the periods Of weeks.
a great many stop orders were reach
ed. which. together with the selling
by the professionals tended to give
the market an unhealthy tone and
the close was near the lowest prices
of he day. The recession VIII I'M
foqb-adlv 20 the extreme. but the 20
sifion 81 tae market VIII be so greatly
strengthened that there should not be
any difficulty in forcing sharp rally
after the present selling movement
Axs spent its force.
Bisbee daily review., 1908-08-15
WALKER BROS.

Especial Wire " L. J. Overlook
NEW YORK, Aug. 1.-THE stock
market today opened lower and I'M
der a great deal of pressure There
was heavy selling In the Rock Island
Issues and this helped to unsettie the
whole market A great dead Of long
stock came out and many stop orders
were reached. During the day there
were feeble rallies, but in the after
noon the selling carried stocks to the
lowest point Look TO see this
liquidation so further and Il will to
a certain extent clear the atmosphere
as it vii shake out weak holdings.
Bisbee daily review., 1908-08-15
PANE. wEeaER & CO.

Especial Wire TO L. ]. Overlook
BOSTON. Aug. 1.-THE liquida-
ton which has been going on for a
few days become more violent today
and prices broke easily. closing at the
bottom, with an average decline of
two 10 three points. This is the break
which we have been waiting for, now
have courage enough to buy them at
the opening tomorrow. There is no
change IN conditions and this IS a
golden opportunity to get in right.